业绩承压下的"孤注一掷" 捷强装备主营核生化安全装备，产品涵盖核辐射监测设备、生物检测设备及液压动力系统等。然而，近 年受军工订单波动及市场竞争加剧影响，公司盈利能力持续恶化：2025年上半年营收1.07亿元，同比微 增1.44%，但归母净利润亏损868.66万元，同比暴跌798.61%。 在此背景下，山东碳寻的财务数据犹如一剂强心针。这家成立于2023年7月的新材料企业，2024年营收 1765.27万元、净利润85.79万元，而2025年前5个月营收已飙升至6410.03万元，净利润达612万元，展现 出爆发式增长潜力。其核心产品碳纳米管导电浆料作为锂电负极关键材料，深度契合新能源汽车产业链 需求，成为捷强装备眼中的"救命稻草"。 16倍溢价背后的产业逻辑 尽管山东碳寻2025年5月末净资产仅586.32万元，但评估机构采用收益法给出1.03亿元估值，增值率高达 1656.72%。这一"天价"背后，是新材料行业的高成长性预期： 随着新能源汽车渗透率持续提升，全球碳纳米管导电浆料需求激增。据起点研究，2024年全球单壁碳纳 米管导电浆料市场规模大约16亿元，预计到2030年有望达178亿元，未来6年年均复合 ...

9月16日，捷强装备（300875）公布，根据公司战略发展规划及实际经营情况，公司于2025年9月15日与 武汉市碳翁科技有限公司（以下简称"武汉碳翁"）签署《股权转让协议》，拟通过现金支付方式以人民 币4690.00万元收购武汉碳翁持有的山东碳寻51.00%的股权。 公告显示，标的公司山东碳寻主要从事纳米级碳材料及相关产品的研发、生产及销售，目前主要产品为 碳纳米管导电浆料。 捷强装备称，本次交易是基于公司对标的公司及纳米级碳材料领域的前沿方向进行充分调研和评估所作 出的决策，有利于公司扩大收入规模、增强盈利能力，有利于整合公司与标的公司的资源和优势，实现 资源共享、共同发展，符合公司目前实际经营情况和未来发展需要。 截至评估基准日2025年5月31日，标的公司山东碳寻的净资产账面价值为586.32万元，而采用收益法评 估的价值达1.03亿元，评估增值率为1656.72%。经友好协商，双方确定收购山东碳寻51%股权作价为 4690万元。 来源：公司公告 公开信息显示，捷强装备于2005年成立，2020年8月在深交所创业板上市，主要从事核化生防御装备核 心部件的研发、生产、销售和专业服务，为军队提供各通用型号 ...

Core Viewpoint - The company intends to acquire a 51% stake in Shandong Carbon Seeking New Materials Co., Ltd. for 46.9 million yuan, aiming to enhance revenue and profitability through this strategic move in the nanocarbon materials sector [1][2]. Group 1: Acquisition Details - The acquisition price for the 51% stake in Shandong Carbon Seeking is set at 46.9 million yuan, with the overall valuation of the company being 103 million yuan, reflecting a value increase of over 16 times [2]. - Shandong Carbon Seeking specializes in the research, production, and sales of nanocarbon materials, particularly carbon nanotube conductive pastes [1]. - The transaction will result in Shandong Carbon Seeking becoming a subsidiary of the company, included in the consolidated financial statements [1]. Group 2: Financial Performance - As of May 2025, Shandong Carbon Seeking's total assets and net assets are projected to be 103 million yuan and 5.8632 million yuan, respectively, with revenues of 17.6527 million yuan and 64.1003 million yuan for 2024 and the first five months of 2025, indicating rapid business growth [2]. - The company has faced declining performance, with revenues fluctuating between 100 million yuan and 300 million yuan from 2022 to 2024, and net profits in continuous loss for three years [3]. - In the first half of the current year, the company reported revenues of 107 million yuan, a year-on-year increase of 1.44%, but still recorded a net loss of 8.6866 million yuan [3]. Group 3: Strategic Rationale - The acquisition is seen as a response to the company's recent performance pressures, particularly in the competitive market for nuclear radiation monitoring products, which have seen a gross margin decline of 8.92 percentage points to 37.96% [3]. - The company aims to leverage existing resources and technological advantages to explore new applications in the nuclear safety equipment sector while maintaining and expanding market presence [3].

9月16日，捷强装备(300875.SZ)发布公告称，公司拟以现金方式收购山东碳寻新材料有限公司51%股 权，交易价格为4690万元。 标的公司主要从事纳米级碳材料及相关产品的研发、生产及销售，目前主要产品为碳纳米管导电浆料。 本次交易是基于公司对标的公司及纳米级碳材料领域的前沿方向进行充分调研和评估所作出的决策，有 利于公司扩大收入规模、增强盈利能力。 （文章来源：国际金融报） ...

标的公司主要从事纳米级碳材料及相关产品的研发、生产及销售，目前主要产品为碳纳米管导电浆料。 本次交易是基于公司对标的公司及纳米级碳材料领域的前沿方向进行充分调研和评估所作出的决策，有 利于公司扩大收入规模、增强盈利能力，有利于整合公司与标的公司的资源和优势，实现资源共享、共 同发展，符合公司目前实际经营情况和未来发展需要。 格隆汇9月16日丨捷强装备(300875.SZ)公布，根据公司战略发展规划及实际经营情况，公司于2025年9 月15日与武汉市碳翁科技有限公司（简称"甲方"或"武汉碳翁"）签署《股权转让协议》，拟通过现金支 付方式以人民币4,690.00万元收购武汉碳翁持有的山东碳寻51.00%的股权（对应认缴出资额人民币 510.00万元、实缴出资额人民币0.00万元），目标公司全体股东均已悉知前述股权转让事宜并自愿放弃 优先购买权。 ...

每经AI快讯，9月16日，捷强装备(300875.SZ)公告称，公司拟以现金方式收购山东碳寻新材料有限公司 51%股权，交易价格为4690万元。标的公司主要从事纳米级碳材料及相关产品的研发、生产及销售，目 前主要产品为碳纳米管导电浆料。本次交易是基于公司对标的公司及纳米级碳材料领域的前沿方向进行 充分调研和评估所作出的决策，有利于公司扩大收入规模、增强盈利能力。 ...

标的公司主要从事纳米级碳材料及相关产品的研发、生产及销售，目前主要产品为碳纳米管导电浆料。 本次交易是基于公司对标的公司及纳米级碳材料领域的前沿方向进行充分调研和评估所作出的决策，有 利于公司扩大收入规模、增强盈利能力，有利于整合公司与标的公司的资源和优势，实现资源共享、共 同发展，符合公司目前实际经营情况和未来发展需要。 格隆汇9月16日丨捷强装备(300875.SZ)公布，根据公司战略发展规划及实际经营情况，公司于2025年9 月15日与武汉市碳翁科技有限公司（简称"甲方"或"武汉碳翁"）签署《股权转让协议》，拟通过现金支 付方式以人民币4,690.00万元收购武汉碳翁持有的山东碳寻51.00%的股权（对应认缴出资额人民币 510.00万元、实缴出资额人民币0.00万元），目标公司全体股东均已悉知前述股权转让事宜并自愿放弃 优先购买权。 ...

Core Points - Jiangsu Cnano Technology Co., Ltd. is issuing A-shares to specific investors, with a total fundraising target of up to RMB 800 million [4][11][12] - The shares will be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board after a six-month lock-up period [3][12] - The company specializes in the research, production, and sales of nano-level carbon materials, primarily carbon nanotubes, which are used in lithium batteries and new energy vehicles [3][4] Group 1: Issuance Details - The issuance will consist of no more than 23,717,758 shares, representing up to 30% of the company's total share capital before the issuance [9][10] - The issuance price is set at RMB 36.91 per share, which is not less than 80% of the average trading price over the 20 trading days prior to the pricing date [10][11] - The total amount raised from the issuance is RMB 799,999,963.22, with net proceeds after expenses amounting to RMB 787,116,308.19 [11][13] Group 2: Lock-up and Compliance - Shares acquired by investors will be subject to a six-month lock-up period post-issuance, during which they cannot be transferred [11][12] - The issuance process has been verified by the underwriters and legal counsel to ensure compliance with relevant regulations [5][11] Group 3: Investor Participation - A total of 37 investors submitted valid subscription documents, with 21 investors ultimately receiving allocations [6][9] - The investor pool includes various institutional investors, such as private equity funds and asset management companies [6][14][15]

Company Overview - Jiangsu Tiannai Technology Co., Ltd. primarily engages in the research, production, and sales of nano-scale carbon materials, with key products including carbon nanotube powder, conductive paste, and graphene composite conductive paste [6][12] - The company has established a strong R&D team and focuses on technological innovation to enhance product quality and performance [12][18] Financial Highlights - For the fiscal year 2024, the company plans to distribute a cash dividend of RMB 1.46 per 10 shares, totaling approximately RMB 50.33 million, which represents 20.12% of the net profit attributable to shareholders [4] Industry Position - The company holds a leading position in the carbon nanotube conductive paste market, with a market share of 53.2% in China, driven by demand from major battery manufacturers [18] - The carbon nanotube industry is supported by national policies favoring new materials and renewable energy, indicating a favorable growth environment [13][19] Market Trends - The global demand for lithium-ion batteries is expected to grow significantly, with projections indicating a 25% increase in global battery shipments in 2024 [22] - The electric vehicle market is anticipated to expand, with global sales expected to reach approximately 18.51 million units in 2024, reflecting a 23% year-on-year growth [20][21] Technological Developments - The production of high-purity carbon nanotubes requires advanced technology and experience, creating significant barriers to entry for new competitors [17] - The company is actively exploring high-generation carbon nanotubes and related products to meet the evolving demands of the industry [17][19]