编号：2025-006 证券代码：301321 证券简称：翰博高新 翰博高新材料(合肥)股份有限公司 投资者关系活动记录表 | | 特定对象调研 □分析师会议 | | | --- | --- | --- | | | □媒体采访 □业绩说明会 | | | 投资者关系活动 类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他 （请文字说明其他活动内容） | | | | 华安电子：陈耀波 | | | 参与单位名称及 | 启赋资本：李化林 | | | 人员姓名 | 长城证券：唐泓翼 | | | | 东北证券：张东伟 | | | 时间 | 2025 年 12 月 4 日 | | | 地点 | 公司会议室 | | | 上市公司接待人 | 董事会秘书：潘大圣 | | | 员姓名 | 战略投资者关系代表：詹铖铖 | | | | 1、公司截至 2025 | 年三季度，主营业务经营情况如何，财 | | | 务盈利能力是否得到改善？ | | | 投资者关系活动 | 答：2025 年第三季度，公司单季实现营业收入 | 8.70 亿元， | | 主要内容介绍 | 较上年同期的 6.51 亿元增长 | ...

Core Viewpoint - The establishment of a joint venture, Hefei Xindongjin New Materials Technology Co., Ltd., by Hanbo High-tech, Beijing Xinjing Technology Co., Ltd., and Qingdao Chuxin Ruibo Venture Capital Fund, aims to invest in or acquire foreign wet electronic chemical projects in China [1][3]. Group 1: Joint Venture Details - The registered capital of the joint venture is 440 million yuan, with Hanbo High-tech and Beijing Xinjing each contributing 200 million yuan for a 45.4545% stake, while Chuxin Ruibo Fund contributes 40 million yuan for a 9.0910% stake [2]. - The joint venture will not be included in Hanbo High-tech's consolidated financial statements and does not constitute a controlling subsidiary [2]. - The joint venture is expected to enhance Hanbo High-tech's strategic layout and create synergies through collaboration with professional investment institutions and industry partners [3]. Group 2: Strategic Importance - The joint venture will serve as a key platform to enter high-tech, high-growth potential areas, helping to acquire advanced production technologies and quality customer resources [3]. - This initiative is anticipated to strengthen the company's core competitiveness in high-end display and semiconductor materials, optimize cost structures, and improve profitability and capital efficiency [3]. Group 3: Financial Performance - In Q3, Hanbo High-tech reported revenue of 870 million yuan, a year-on-year increase of 33.34%, and a net profit of 17.66 million yuan, marking a return to profitability [5]. - For the first three quarters, the company achieved a revenue of 2.424 billion yuan, up 44.06% year-on-year, although it recorded a net loss of 87.87 million yuan [5].

Core Viewpoint - Aolide (688378.SH), a leading company in the upstream OLED industry chain, is increasing its investment in OLED core material PSPI by raising up to 300 million yuan through a simplified procedure for a specific group of investors [1][2]. Fundraising and Project Details - The company plans to use the raised funds for the construction of an OLED core material PSPI production base project and to supplement working capital [2][3]. - The total investment for the PSPI material production base project is 240 million yuan, with the entire amount expected to be funded from the raised capital [2]. - The project is anticipated to generate revenue of 383 million yuan and a net profit of 57.51 million yuan in its first year of production, indicating strong economic benefits [2]. Company Performance and Market Position - Aolide has experienced a decline in revenue and net profit in the first three quarters of 2025, with revenue of 389 million yuan (down 16.12% year-on-year) and a net profit of 31 million yuan (down 69.03% year-on-year) [3]. - However, the company showed signs of recovery in the third quarter, with a net profit of 4.35 million yuan, reflecting a quarter-on-quarter increase of 178.92% [3]. - The materials business remains a stronghold for the company, with a revenue increase of 21.99% year-on-year in the first half of 2025, reaching 257 million yuan [3]. Research and Development Investment - Aolide has maintained high levels of R&D investment, totaling 563 million yuan from 2021 to the first three quarters of 2025, with annual increases observed [4][5]. - The company has achieved significant technological breakthroughs, completing nearly 280 material structure designs and synthesizing over 180 samples, with more than 70 new materials currently in customer validation [5]. Patent Strategy - Aolide has strengthened its competitive barriers through patent applications, with 67 new invention patent applications and 36 authorized patents in the first half of 2025, bringing the total to 428 authorized invention patents [5].

Core Viewpoint - Aolaide (688378.SH) has disclosed a plan to issue shares to specific investors through a simplified procedure, aiming to raise funds not exceeding RMB 300 million for core material production and working capital [1][2]. Summary by Sections Share Issuance Plan - The share issuance will target no more than 35 specific investors, including qualified institutional investors and other legal entities [1]. - The issuance price will be set at no less than 80% of the average trading price over the last 20 trading days prior to the issuance date [1][2]. - The type of shares to be issued is domestic listed ordinary shares (A-shares) with a par value of RMB 1.00 per share [2]. Fundraising Details - The total amount to be raised is capped at RMB 299.71 million, which will be allocated to the OLED core material PSPI production project and to supplement working capital [2][3]. - The total investment for the PSPI production project is RMB 239.86 million, with RMB 239.71 million expected to be funded from the issuance [3]. Shareholder Structure - As of the announcement date, the major shareholders include Xuan Jingquan (21.84%), Xuan Lingyi (9.61%), and Li Jixuan (0.92%), who collectively control 33.39% of the company [4]. - The issuance will not change the control of the company, as the major shareholders will still retain significant influence post-issuance [4]. Previous Fundraising Activities - Aolaide previously withdrew an application for a simplified share issuance and plans to resubmit it, citing regulatory considerations and business development plans [5]. - The company has raised a total of RMB 1.235 billion from two previous fundraising rounds [7]. Financial Performance - For the third quarter of 2025, Aolaide reported revenue of RMB 108 million, a decrease of 11.21% year-on-year, and a net profit of RMB 4.35 million, down 53.90% [8]. - In 2024, the company achieved revenue of RMB 533 million, a 3.00% increase, but net profit decreased by 26.04% [9].

Core Viewpoint - Aolide (688378) plans to invest in the construction of an OLED display core material PSPI material production base project to accelerate the domestic substitution process of key OLED materials [1][2] Group 1: Investment and Project Details - The company intends to raise approximately 300 million yuan through a private placement to fund the PSPI material production base project and supplement working capital [1] - The total investment for the PSPI material production base project is 240 million yuan, with an expected construction period of three years [1] - The project aims to alleviate current site constraints, enhance production capacity, and improve production efficiency for PSPI products [1][3] Group 2: Market Demand and Growth Potential - PSPI, or photosensitive polyimide, is a critical material in the manufacturing process of OLED displays, and its demand is expected to increase due to the expansion of the OLED downstream application market and the construction of domestic 8.6-generation OLED large-size panel production lines [1][2] - According to QYResearch, the global PSPI market size is projected to grow from 677 million USD in 2024 to 3.181 billion USD by 2031, with a compound annual growth rate (CAGR) of 25.1% [1] Group 3: Competitive Landscape and Company Position - Currently, foreign companies such as Toray, Fujifilm, Asahi Kasei, and HDM dominate the global PSPI material market, leading to challenges such as long procurement cycles and high prices for imported materials [2] - Aolide has achieved a comprehensive layout of OLED terminal light-emitting materials and has focused on high-performance PSPI materials as a key research and development project [2] - The company has successfully completed the entire development process for PSPI materials, achieving mass production and validation with major panel manufacturers [2] Group 4: Financial Projections and Business Synergy - The project is expected to generate approximately 382.5 million yuan in revenue and 57.51 million yuan in net profit in its first year of production [3] - Aolide anticipates that the project will significantly enhance its PSPI material mass production capacity and market supply capability, reducing reliance on imports and mitigating supply chain disruption risks [3]

Core Viewpoint - Aolide (688378.SH) plans to raise funds through a simplified procedure for a specific audience, with a total fundraising amount not exceeding 299.71 million yuan, which is capped at 30 million yuan and 20% of the net assets at the end of the previous year [1] Fundraising Details - The funds raised will be allocated to the OLED display core material PSPI material production base project and to supplement working capital [1]

Core Viewpoint - Aolide (688378.SH) plans to issue shares through a simplified procedure to raise a total of no more than 300 million yuan, which will be used for the production base project of OLED display core material PSPI and to supplement working capital [1] Group 1 - The company intends to raise funds through a specific target share issuance [1] - The total amount to be raised is capped at 300 million yuan, including the principal [1] - The net proceeds will be allocated to the PSPI material production base project and to enhance liquidity [1]

Core Viewpoint - The company, Aolide, announced plans to issue shares to specific investors, aiming to raise no more than 300 million yuan for the production base project of OLED display core material PSPI and to supplement working capital [2] Group 1 - The total amount to be raised through the share issuance is capped at 300 million yuan [2] - The funds will be allocated to the production base project for OLED display core materials [2] - Additional funds will be used to enhance the company's working capital [2]

格隆汇11月26日丨奥来德(688378.SH)公布2025年度以简易程序向特定对象发行股票预案，本次以简易 程序向特定对象发行股票拟募集资金总额不超过29,971.21万元（含本数），不超过人民币3亿元且不超 过最近一年末净资产的20%，扣除发行费用后的募集资金净额将用于投入以下项目：OLED显示核心材 料PSPI材料生产基地项目及补充流动资金。 ...

Group 1 - The company plans to issue shares through a simplified procedure to specific targets, raising a total of no more than 300 million yuan, which does not exceed 20% of the company's net assets at the end of the last fiscal year [1] - The net proceeds from the fundraising, after deducting issuance costs, will be used for the production base project of OLED display core material PSPI and to supplement working capital [1]