7月22日，佛塑科技发布《佛山佛塑科技集团股份有限公司发行股份及支付现金购买资产并募集配套资 金暨关联交易报告书（草案）（修订稿）》。根据草案，佛塑科技拟以发行股份及支付现金的方式购买 金力股份100%股份，本次交易对价合计为50.8亿元，其中支付现金的金额为4亿元，以发行股份的方式 支付对价为46.8亿元。 隔膜行业回暖行情下，金力股份业绩已逐步改善。根据《草案》，2025年1-5月，金力股份销量持续稳 定增长，累计出货量超16亿平方米，超过去年同期出货量8.5亿平方米，同比增长88%，实现营业收入 148,593.16万元，实现净利润8,887.57万元（未经审计）。未来，随着金力股份产能进一步释放，规模效 应逐步凸显，生产效率及成本持续优化，盈利能力将不断增强。收购完成后，金力股份还可借助上市公 司平台优势，拓宽融资渠道、优化负债结构、降低财务费用，进一步提升盈利能力。长期来看，本次交 易有利于提升佛塑科技持续经营能力。 此次交易完成后，佛塑科技切入锂电池隔膜领域，丰富在新能源领域的产品布局，进一步打造成为聚焦 战略性新兴产业的高分子功能薄膜材料龙头企业，将整合业务资源及供应链，以锂电池隔膜作为突破， ...

Company Overview - Chang's New Materials Technology (Shanghai) Co., Ltd. completed a new round of financing amounting to nearly 200 million yuan, indicating a significant development in the new materials industry [1] - Established in May 2017, the company focuses on the research, production, and sales of optical and electronic nano new materials, aiming to create a leading one-stop platform for innovative research and application of optoelectronic nano materials [1] Business Focus - The company concentrates on two strategic directions: nano materials and optical functional films, with products including BOPET multilayer films, electronic privacy films, TPU multilayer films, nano thermal insulation materials, and nano nickel paste materials [3] - These products are widely used across various sectors such as electronics, automotive, construction, semiconductors, new energy, medical, and apparel, with some products gradually achieving import substitution to break foreign technology monopolies [3] Financing Impact - The recent financing will be allocated to three key areas: increasing R&D investment, expanding production capacity, and exploring overseas markets [5][7] - The company plans to enhance its R&D team and upgrade equipment to focus on core technology breakthroughs, particularly in improving the purity and stability of nano materials and developing compatible materials for new semiconductor and optical display technologies [5] - With the new funding, the company aims to build a modern production base, introducing advanced equipment to increase production capacity by over 50% to meet growing market demand [7] Industry Implications - This financing is expected to positively impact the entire new materials industry by setting an example for other companies, showcasing the capital's preference for innovative new materials firms [9] - The expansion of Chang's production capacity and overseas market exploration will intensify market competition, prompting companies to enhance product quality and service levels, thereby improving overall industry competitiveness [9] - The financing marks a significant milestone in the company's development, providing new opportunities for technological research, market expansion, and capacity enhancement [9]