家联科技于2023年向不特定对象发行可转换公司债券。根据公司于2022年12月22日召开的第二届董 事会2022年第七次临时董事会和2023年1月9日召开的2023年第一次临时股东大会决议，并经中国证券监 督管理委员会《关于同意宁波家联科技股份有限公司向不特定对象发行可转换公司债券的批复》(证监 许可〔2023〕2602号)同意注册，公司向不特定对象发行可转换公司债券7,500,000张，发行价格为每张 人民币100元，募集资金总额为人民币750,000,000.00元，扣除各项发行费用(不含增值税进项税额)合计 人民币6,143,886.79元后，实际募集资金净额为人民币743,856,113.21元。以上募集资金已于2023年12月 28日划至公司指定账户。天职国际会计师事务所(特殊普通合伙)对公司本次向不特定对象发行可转换公 司债券的资金到位情况进行了审验，并于2023年12月28日出具了天职业字[2023]54463号《验资报 告》。公司已将上述募集资金存放于募集资金专项账户管理，并与保荐人、存放募集资金的开户银行签 署了募集资金专户存储监管协议。 经计算，家联科技上市以来两次募集资金合计金额为16. ...

Core Points - Company will participate in the "2025 Qingdao Listed Companies Investor Online Reception Day and 2024 Annual Performance Briefing" to enhance investor interaction [1] - The event will be held online on May 12, 2025, from 15:00 to 17:00 [1] - Key executives, including the General Manager and Financial Director, will engage with investors regarding governance, development strategy, and operational status [1]

天眼查资料显示，赛轮集团股份有限公司，成立于2002年，位于青岛市，是一家以从事橡胶和塑料制品 业为主的企业。企业注册资本328810.0259万人民币。通过天眼查大数据分析，赛轮集团股份有限公司 共对外投资了12家企业，参与招投标项目117次，财产线索方面有商标信息202条，专利信息2015条，此 外企业还拥有行政许可43个。 专利摘要显示，本实用新型提供了一种轮胎胎面结构及具有其的轮胎。其中，轮胎胎面结构的多个纵向 沟槽沿轮胎的周向延伸，并沿轮胎的宽度方向间隔设置，以将胎面分隔为胎肩花纹部和多个中间花纹 部；轮胎胎面结构具有面积 S1，轮胎与行驶面的接触部分具有面积 S2，多个纵向沟槽的总面积为 S3， 面积 S1、面积 S2 及总面积 S3 之间满足：0.68S1≤S2≤0.74S1，0.21S1≤S3≤0.23S1；第一凹部，设置在胎 肩花纹部上，第一凹部包括相互连通的第一子凹部和第二子凹部，第一子凹部相对于第二子凹部靠近中 间花纹部设置；其中，第一子凹部的深度小于第二子凹部的深度，以使二者的连接处形成台阶面。本实 用新型有效地解决了现有技术中轻型载重汽车的轮胎无法兼顾操控性、舒适性及长里程的技术问题 ...

4）净利率：归母净利率19.2%，同/环比-3.2pct/+3.1pct。 5）费用率：销售/管理/研发/财务费用率分别为1.7%/7.5%/5.1%/-0.1%，分别同比 +0.2pct/+0.5pct/+0.8pct/+0.2pct ， 合计14.3% ， 同/ 环比+1.6pct/+1.1pct。 特种工程塑料龙头，积极卡位人形机器人。公司凭借在特种工程塑料领域的卡位优势，从汽车、家电等 传统领域向人形机器人、储能等新兴领域延伸。 人形机器人领域，公司与Tier1 客户深入合作，共同成功开发多个人形机器人精密零部件新品。我们预 计随着下游客户的人形机器人产品进入量产，公司的机器人零部件业务将实现突破。 公司25Q1 归母净利润0.36 亿元，同/环比+2.8%/-0.8%；扣非归母净利润0.35亿元，同/环比 +15.3%/-6.4%。看好公司业绩稳健成长，机器人零部件业务持续突破。维持"增持"评级。 25Q1 利润端受非经营因素扰动，扣非业绩符合预期。 1）收入端：1.9 亿元，同/环比+20.2%/-16.8%。 2）利润端：归母净利润0.36 亿元，同/环比+2.8%/-0.8%；扣非归母净利润0 ...

2025 年 04 月 30 日 核电软管、数据中心液冷软管、超高压食品灭菌设备新品布局多点开花: ● 2024年,公司的多个新品布局实现了阶段性进展。在核电领域,公司 2024年 度完成 43 种核电软管(核电液压软管 28 种、核电空气(蒸汽)软管 7 种、核 电重水(悬链)软管8种)的试制,目前研发团队正在按计划推进相关工作, 加快推进核电软管的进口替代;在数据中心领域,公司的数据中心液冷软管目 前已给客户提供部分样品,同时根据具体应用要求,对产品部分特殊性能进行 不断优化和完善;在食品应用方面,公司首台超高压食品灭菌设备已在客户现 场安装到位,客户正开展试生产与调试工作,公司产品可广泛用于果蔬汁、肉 制品、宠物食品、药品、生物制品等领域的灭菌保鲜。 0 投资建议:我们预计公司 2025-2027 年归母净利润分别为 1.25/1.44/1.67 亿 元,同比分别增长 16.30%/ 15.70%/ 16.10%, 对应市盈率分别为 18/16/13 倍。我们认为,公司的主要产品液压橡胶软管、工业管、软管总成市场空间广 阔,海洋工程软管市场、核电软管、数据中心液冷软管、超高压食品灭菌设备 利通科技(83 ...

Core Viewpoint - The report highlights the recovery of LITONG Technology's performance in Q1 2025, driven by increased orders for acid fracturing hose assemblies and a rebound in domestic demand for construction machinery [1][2]. Financial Performance - In 2024, the company reported operating revenue of 483.84 million yuan, a slight decrease of 0.32% year-on-year, and a net profit attributable to shareholders of 107.21 million yuan, down 19.82% year-on-year [1]. - For Q1 2025, the company achieved operating revenue of 124.26 million yuan, representing a year-on-year growth of 23.14%, and a net profit attributable to shareholders of 35.64 million yuan, up 86.13% year-on-year [1]. Product and Market Development - The company has seen an increase in orders for acid fracturing hose assemblies, contributing to a rise in gross margin to 43.26% in 2024, despite a decline of 4.58 percentage points from the previous year [2]. - The company has obtained API17K certification for its products, facilitating its expansion into the marine engineering hose market [3]. - Multiple new product developments have progressed, including 43 types of nuclear power hoses and a high-pressure food sterilization device, indicating a broadening of the company's product portfolio [4]. Future Growth Prospects - The company projects net profits of 125 million yuan, 144 million yuan, and 167 million yuan for 2025, 2026, and 2027, respectively, with year-on-year growth rates of 16.30%, 15.70%, and 16.10% [4]. - The market potential for the company's main products, including hydraulic rubber hoses and industrial hoses, is significant, with new product lines expected to contribute to future revenue growth [4].

Mergers and Acquisitions - Shuangjie Electric plans to exchange 21,188,300 shares of Jinli Co., accounting for 3.86% of its total share capital, for shares of Foslok Technology [1] - Quan Chai Power's indirect acquisition of 90% of its controlling shareholder Quan Chai Group through a non-compensatory transfer of state-owned equity [2] - Hainan Airport intends to acquire a 50.19% stake in Meilan International Airport for 2.339 billion yuan, equivalent to 9.85 yuan per share [3] Performance Disclosure - Jidong Cement reported a first-quarter revenue of 3.903 billion yuan, a year-on-year increase of 16.82%, with a net loss of 873 million yuan, narrowing from a loss of 1.099 billion yuan in the same period last year [4] Share Buybacks - XGIMI Technology has repurchased 2.6292 million shares, accounting for 3.76% of its total share capital, with a total expenditure of 228 million yuan [5] - Jiangnan High Fiber has repurchased 15.2001 million shares, representing 0.88% of its total share capital, with a total expenditure of 22.2527 million yuan [6] - Binhua Co. has repurchased 17.6922 million shares, accounting for 0.86% of its total share capital, with a total expenditure of 68.5071 million yuan [7] Risk Matters - ST Xinchao's stock will be suspended from trading starting May 6 due to the inability to disclose audited annual and quarterly reports [8] - Jiawei New Energy's controlling shareholder received a warning letter from the Shenzhen Securities Regulatory Commission for failing to fulfill a commitment to increase shareholding [9] - Ruida Futures and related responsible persons received an administrative regulatory decision due to inadequate internal control management [10] - Xinyuan Technology's director expressed inability to guarantee the authenticity and completeness of the 2024 annual report and related proposals [11]

Core Viewpoint - Cangzhou Mingzhu is focused on implementing its annual business plan, enhancing market expansion, and improving its competitive position while maintaining product quality and cost management Group 1: Financial Performance - In 2024, Cangzhou Mingzhu achieved revenue of 2.748 billion yuan, a year-on-year increase of 4.93%, and a net profit of 155 million yuan [1] - The company plans to distribute a cash dividend of 1 yuan per 10 shares, totaling 167 million yuan to shareholders [1] Group 2: Product Performance - Cangzhou Mingzhu's main products include PE pipes, BOPA films, and lithium-ion battery separators, with PE pipes generating revenue of 1.153 billion yuan [1] - The BOPA film segment saw significant growth, contributing 783 million yuan in revenue, a year-on-year increase of 36.94% [2] - Revenue from lithium-ion battery separators reached 643 million yuan, reflecting a year-on-year growth of 10.72% [2] Group 3: Market Expansion and Future Goals - The company is actively expanding its international market presence, acquiring new foreign customers and broadening sales channels [3] - For 2025, Cangzhou Mingzhu has set ambitious sales targets: 95,000 tons for PE pipes, 85,600 tons for BOPA films, and 85.08 million square meters for lithium-ion battery separators [3]

Core Viewpoint - S Jiatong's performance in 2024 was relatively stable, but a significant decline in net profit of 48.92% was reported in Q1 2025, primarily due to fluctuations in raw material prices [1][4]. Financial Performance - In 2024, S Jiatong achieved operating revenue of 4.668 billion yuan, a year-on-year increase of 12.11%, and a net profit attributable to shareholders of 174 million yuan, down 4.76% year-on-year [1]. - For Q1 2025, the company reported operating revenue of 1.126 billion yuan, a year-on-year increase of 4.8%, but net profit dropped to 23.66 million yuan, a decline of 48.92% [4]. Dividend Distribution - S Jiatong distributed a cash dividend of 0.32 yuan per share (including tax) to all shareholders in the first three quarters of 2024 and plans to distribute an additional 0.59 yuan per share, totaling 309 million yuan in dividends, which accounts for 177.52% of the net profit for the year [1]. Production and Sales - The company primarily produces and sells automotive tires, with a total production and sales volume of 17.4965 million and 17.5218 million tires in 2024, respectively [2]. - Sales volume for semi-steel radial tires increased by 16.5%, while sales of all-steel radial tires rose by 3.9% in 2024 [2]. Raw Material Impact - The fluctuation in raw material prices, particularly natural rubber, significantly affects the profit margins of tire manufacturers. The price of natural rubber has increased from 11,000 yuan/ton in April 2023 to 19,000 yuan/ton in October 2024, before dropping back to around 14,000 yuan/ton [5][7]. - S Jiatong's gross margin decreased from 20.09% in 2023 to 18.46% in 2024, and further to 14.03% in Q1 2025 due to rising raw material costs [5]. Shareholder Dynamics - S Jiatong remains one of the few companies in A-shares that has not completed its share reform, with no approved reform plan as of now [8][10]. - The company has made three attempts at share reform since 2005, all of which were rejected by shareholders [11][14][16]. Market Position and Strategy - S Jiatong has a foreign sales business that accounts for approximately 35% of its revenue, leveraging a multi-brand strategy and partnerships with major automotive manufacturers [2]. - The company is exploring further expansion plans despite the ongoing challenges related to its share reform status [25].

业绩情况 声明： 因水平有限，错误不可避免，或有些信息非最及时，欢迎留言指出。本文由作者重新编写，仅作新材料相关领域介绍，本文 不构成任何投资建议！转载请注明来源！ 家联科技 是一家从事 塑料制品、生物全降解制品及植物纤维制品 的研发、生产与销售的高新技术企 业。 近日，家联科技接受特定对象调研，就2024年度、2025年第一季度业绩及公司发展相关问题进行介 绍。 2024年度，公司累计实现 营业收入23.26亿元，较上年同期上升35.16% ；归属于上市公司股东的净利 润5,700.05万元，较上年 同期上升25.68%；归属于上市公司股东的扣除非后净利润1,253.18 万元，较 上年同期下降29.91%。 2025年第一季度，公司累计实现营业收入5.06亿元，较上年同期上升1.29%；归属于上市公司股东的净 利润-2,495.75万元，较上年同期下降157.54%；归属于上市公司股东的扣除非经常损益的净利 润-2,520.07万元，较上年同期下降355.50%。 对于 业绩下滑原因 ，家联科技表示： 1、2024年公司产线扩宽，各子公司处于投产初期，整体规划产能未完全释放，产能利用率降低，相应 制造费用 ...