格隆汇9月10日丨国际复材(301526.SZ)在互动平台表示，公司紧跟国家政策，持续深化新能源领域的材 料战略布局，积极把握风电、光伏、海洋、新能源汽车等新兴发展领域，产品可用于固态电池、光伏边 框及支架等领域。 ...

投资界9月8日消息，宏德新材正式完成 A 轮融资。此次融资由国内专业投资机构深创投领投，创新工 场、清科产投两大实力资本跟投。叠加达晨财智、深圳高新投、力合资本、德迅投资等历史股东的支持， 公司累计融资金额已突破亿元大关。这不仅是资本市场对宏德新材技术实力与市场潜力的高度认可，更为 其加速拓展轻量化应用场景、抢占千亿级市场赛道注入强劲动力。 图1 反应拉挤型材的应用（电池边梁、柔性光伏支架、储能电池底托、公共设施等） "宏德新材将始终扎根技术与工艺研发，以更环保、更具性价比的产品赋能行业发展，立志成为全球复合 材料工程化应用的领跑者。" 公司创始人刘爱学博士表示，未来将继续以技术创新为核心驱动力，推动热 塑性复合材料在更多场景的规模化应用，为汽车轻量化、基础设施建设及新兴产业（如低空经济、3C 等）提供兼具 "轻量化、低成本、高环保" 的一体化解决方案。 对于此次投资，深创投投资经理戴静博士表示：宏德新材掌握的热塑性尼龙复材量产技术，实现了从高分 子单体到部件的 "一步成型"，技术壁垒很高。该技术从材料体系与工艺层面，彻底解决了热固性材料在成 本、生产节拍、回收利用等方面的传统难题，产品可广泛覆盖整车制造、动 ...

Core Viewpoint - The company emphasizes its strong R&D capabilities and commitment to innovation in the carbon fiber composite materials sector, aiming to enhance product applications and technology integration [1]. Group 1: R&D and Innovation - The company has a forward-looking technology layout and deep technical accumulation, enabling it to respond quickly to customer needs and efficiently advance innovation [1]. - The R&D team is focused on the continuous iteration and upgrading of products, providing solid support for future developments [1]. Group 2: Carbon Fiber Applications - The company has initiated early development in the carbon fiber composite materials field, gradually applying carbon fiber products to exoskeleton robot structural components [1]. - Valuable R&D and technical experience have been accumulated in this area, indicating a strong foundation for future growth [1]. Group 3: Collaboration and Future Plans - The company has established friendly cooperative relationships with clients in related fields, which may enhance its market position [1]. - Future plans include expanding the application scenarios of carbon fiber materials, with a focus on deep integration of carbon fiber technology across various sectors [1].

Core Viewpoint - The company anticipates a recovery in quartz fiber demand in the first half of 2025, with a continuous restoration of orders [1] Group 1: Company Developments - The company has successfully developed multiple high-performance composite material projects, which have passed relevant testing assessments [1] - One of the projects has already entered the mass production stage [1]

Core Viewpoint - The company, Zhongzi Technology (688737.SH), is focusing on the development of thermoplastic prepreg products, including those based on PEEK resin systems, which are expected to enhance mechanical properties through carbon fiber reinforcement [1] Group 1: Product Characteristics - The company's prepreg materials and carbon fiber composite structural components are made from carbon fiber as the reinforcement material and resin as the matrix [1] - Carbon fiber composites are characterized by lightweight and high strength, primarily used in aerospace and other high-performance applications [1] - PEEK is described as a semi-crystalline thermoplastic engineering plastic known for its high-temperature resistance and corrosion resistance [1] Group 2: R&D Focus - The company is currently engaged in the research and development of various thermoplastic prepreg products that include PEEK resin systems [1]

Core Viewpoint - Consumption is a key driver of economic growth and high-quality development, with Shandong Ningjin Rural Commercial Bank actively promoting consumption through product innovation, scenario building, and service enhancement [1] Group 1: Financial Support and Innovation - Ningjin County is the largest commercial fitness equipment production base in China, with nearly 3,000 enterprises and a market share of 70% in the domestic commercial fitness equipment sector, generating an annual output value of nearly 14 billion [2] - Shandong Shuyoute Fitness Technology Co., Ltd. has achieved significant growth with the support of Ningjin Rural Commercial Bank, which provided a financing solution of 9.8 million for the company's digital production line upgrade [2][3] - The bank has issued 60 policy-related credit products, including "intellectual property pledge loans," totaling 181 million, to support local enterprises [3] Group 2: Credit Expansion and Diverse Consumption Scenarios - Ningjin Rural Commercial Bank provided a credit support of 9.8 million to KLT Composite Materials Co., Ltd., enabling the introduction of advanced carbon fiber bicycle production technology [4] - The bank has conducted extensive outreach to small and micro enterprises, increasing the number of credit accounts to 23,600, an increase of 3,583 since the beginning of the year, with a coverage improvement of 2.41 percentage points [6][5] Group 3: Industry Development and Market Demand - Shandong Antian New Materials Technology Co., Ltd. has increased its production capacity to 50,000 sets annually, with sales exceeding 80 million, thanks to the bank's financial support [7] - The bank has issued a total of 7.238 billion in entity loans, with a growth of 381 million and an increase of 5.55% since the beginning of the year, including 218 loans to private enterprises totaling 1.973 billion [8]

Meeting Information - The company will hold its first extraordinary general meeting of shareholders in 2025 on September 17, 2025, at 14:30, combining on-site voting and online voting [1][2] - The online voting will be available through the Shenzhen Stock Exchange trading system from 9:15 to 9:25, 9:30 to 11:30, and 13:00 to 15:00 on the same day [1][2] Eligibility and Attendance - All shareholders registered with the China Securities Depository and Clearing Corporation Limited Shenzhen Branch by the close of trading on September 10, 2025, are eligible to attend the meeting [2][3] - Shareholders can appoint proxies to attend and vote on their behalf, and the proxy does not need to be a shareholder [2][3] Voting Procedures - Voting will be non-cumulative, and shareholders must choose either on-site voting or online voting for the same voting right [2][4] - Specific procedures for online voting will be provided, including the requirement for identity verification through the Shenzhen Stock Exchange [4][5] Documentation and Registration - Shareholders must present valid identification and relevant documents for registration to attend the meeting [3][6] - Registration via mail or fax is available for remote shareholders, with a deadline of September 15, 2025, at 17:00 [4][5] Proposals for Discussion - The meeting will include proposals for voting, including the election of non-independent directors for the fourth board of directors [7]

Core Insights - Heilongjiang Province has implemented a series of effective policies to enhance enterprise support and stimulate market vitality, transitioning from "people finding policies" to "policies finding people" [1][7] - The province's credit report reform has replaced traditional proof requirements, issuing 3,838 special credit reports for 1,703 enterprises, significantly reducing the need for 83,300 traditional proofs [1][3] - The establishment of a unified enterprise service platform has allowed 331 million business entities to create exclusive profiles, facilitating the delivery of 3,300 policy items and disbursing 3.571 billion yuan in funds [7][10] Policy Implementation - The introduction of the "Dragon" series of enterprise service packages has effectively addressed various enterprise needs, including approval services, policy fulfillment, financing, and contract supervision [1][3] - Specific measures to support high-end intelligent agricultural machinery and low-altitude economy development have been rolled out, including subsidies and project support [3][4] - The "Double Stability Fund" has provided 31.57 billion yuan in guaranteed loans to 15,188 small and micro enterprises, enhancing financial support for businesses [6] Financial Support and Innovation - The financing credit reporting service platform has registered over 1.964 million business entities and 2,123 financial institutions, facilitating 24.795 billion yuan in financing through 116,900 loans [6] - The "Pu Xin Loan" product developed by Shanghai Pudong Development Bank has enabled rapid loan processing for technology-based SMEs, exemplified by Pengcheng New Materials receiving a 10 million yuan loan [4][6] Market Environment and Business Growth - The province has seen nearly 1,300 new signed projects with a total investment exceeding 370 billion yuan in the first half of the year, reflecting a robust market environment [10] - The "one-stop" service model in Harbin has streamlined business registration processes, allowing entrepreneurs to complete necessary steps within two days without physical visits [10] - Local governments have actively engaged in policy delivery, ensuring that enterprises are well-informed about available subsidies and support measures [10]

Core Viewpoint - *ST Haiyuan (002529) reported a significant increase in revenue but continued to face losses, indicating ongoing financial challenges despite growth in sales [1][3]. Financial Performance - The total revenue for the first half of 2025 reached 206 million yuan, a year-on-year increase of 98.38% compared to 104 million yuan in the same period of 2024 [1]. - The net profit attributable to shareholders was -65.75 million yuan, a decline of 31.01% from -50.19 million yuan in the previous year [1]. - In Q2 2025, the revenue was 110 million yuan, up 80.1% year-on-year, while the net profit attributable to shareholders was -42.46 million yuan, down 57.8% [1]. Key Financial Ratios - The gross margin was -5.33%, a decrease of 48.46% year-on-year, while the net margin improved to -31.89%, an increase of 33.96% [1]. - The current ratio stood at 0.54, indicating rising short-term debt pressure [1]. - The total of selling, administrative, and financial expenses was 36.20 million yuan, accounting for 17.56% of revenue, a decrease of 48.68% year-on-year [1]. Cash Flow and Debt - The cash flow from operating activities showed a significant decline of 1362.98%, with a net cash flow of -0.09 yuan per share [1][3]. - The company experienced a 67.71% decrease in cash and cash equivalents, dropping to 15.24 million yuan [1]. - Accounts receivable increased by 277.34% to 156 million yuan, reflecting higher sales volume [1][3]. Historical Performance - The company has a historical median Return on Invested Capital (ROIC) of -10.57% over the past decade, with the worst year being 2019 at -34.39% [4][5]. - The company has reported losses in 7 out of 14 annual reports since its listing, indicating a challenging financial history [5].

Meeting Information - The second extraordinary general meeting of shareholders will be held on September 15, 2025, at 14:00 [1] - Network voting will also take place on the same day, with specific time slots for voting through the Shenzhen Stock Exchange trading system and internet voting system [1] Shareholder Eligibility - All shareholders registered with China Securities Depository and Clearing Corporation Limited Shenzhen Branch by 15:00 on September 8, 2025, are eligible to attend the meeting [2] - Shareholders can appoint a proxy to attend and vote on their behalf, and the proxy does not need to be a shareholder [2] Agenda Items - The meeting will review proposals that have been approved by the company's board and supervisory board [2] - Proposal 1 requires a special resolution, needing more than two-thirds of the voting rights held by attending shareholders to pass [3] Voting Procedures - Votes from minority investors will be counted separately to protect their interests, and results will be disclosed promptly [3] - Shareholders must register for the meeting, providing necessary documentation depending on whether they are legal entities or individuals [3] Contact Information - Contact details for inquiries include a phone number, fax, email, and physical address for the company's securities investment department [4] Network Voting Process - Detailed procedures for participating in network voting are provided, including the need for identity verification and the importance of the second vote in case of duplicate voting [5]