Investment Rating - The report maintains a "Recommended" investment rating for the company, indicating an expectation that the stock will outperform the market by 10% to 20% over the next six months [11]. Core Views - The semiconductor industry is experiencing a rapid technological iteration, leading to an accelerated demand for high-end spherical materials. The global semiconductor sales reached $346 billion in the first half of 2025, marking an 18.9% year-on-year increase, indicating a strong growth momentum in the industry [7]. - The company is positioned as a leading producer of electronic-grade silicon micro-powder in China, with plans to expand its production capacity for high-purity spherical products, which are expected to contribute significantly to revenue growth [8]. - The company reported a revenue of 519 million yuan in the first half of 2025, a year-on-year increase of 17.12%, and a net profit attributable to shareholders of 139 million yuan, up 18.01% year-on-year [4]. Financial Summary - The company’s revenue projections for the upcoming years are as follows: 960 million yuan in 2024, 1.192 billion yuan in 2025, 1.444 billion yuan in 2026, and 1.724 billion yuan in 2027, with year-on-year growth rates of 34.9%, 24.1%, 21.2%, and 19.4% respectively [6]. - The net profit attributable to shareholders is expected to reach 316 million yuan in 2025, 398 million yuan in 2026, and 491 million yuan in 2027, with corresponding year-on-year growth rates of 25.9%, 25.7%, and 23.4% [6]. - The company’s gross margin is projected to improve from 40.4% in 2024 to 44.0% in 2027, while the net margin is expected to increase from 26.2% to 28.5% over the same period [6]. Industry Outlook - The advanced packaging market is projected to grow at a compound annual growth rate (CAGR) of 10.7% from 2023 to 2029, while the high-end CCL market is expected to see a CAGR of 26% from 2024 to 2026, driven by advancements in AI, 5G, and high-performance computing [7]. - The company plans to raise 720 million yuan through convertible bonds to fund the construction of high-performance ultra-pure spherical silica and high thermal conductivity spherical alumina projects, addressing capacity shortages and enhancing its competitive position in the market [7].

中信证券股份有限公司 根据中国证券监督管理委员会《关于同意江西江南新材料科技股份有限公司 首次公开发行股票注册的批复》（证监许可〔2024〕1805 号）同意注册，并经上 海证券交易所同意，公司首次公开发行人民币普通股（A 股）3,643.63 万股，每 股面值 1 元，每股发行价格为人民币 10.54 元，募集资金总额为人民币 38,403.86 万元，扣除发行费用人民币 5,296.85 万元后，募集资金净额为 33,107.01 万元。 上述募集资金到位情况已经容诚会计师事务所（特殊普通合伙）验证，并于 2025 年 3 月 14 日出具容诚验字[2025]361Z0009 号《验资报告》。 为规范公司募集资金管理和使用，保护公司及投资者权益，公司设立了相关 募集资金专项账户，对募集资金采用了专户储存管理，公司已与保荐机构及募集 资金存储银行签署了募集资金监管协议。 二、募集资金投资项目情况 根据《江西江南新材料科技股份有限公司首次公开发行股票并在主板上市招 股说明书》披露的募集资金使用计划，公司募投项目情况及募集资金使用计划如 下： | | | 单位：万元 | | --- | --- | --- | ...

容诚专字[2025]361Z0495号 容诚会计师事务所(特殊普通合伙) 关于江西江南新材料科技股份有限公司 以自筹资金预先投入募集资金投资项目 及支付发行费用的鉴证报告 江西江南新材料科技股份有限公司 中国·北京 目 录 序号 内 容 页码 以自筹资金预先投入募集资金投资项目及支付发 行费用鉴证报告 以自筹资金预先投入募集资金投资项目及支付发 行费用专项说明 容诚会计师事务所（特殊普通合伙） 本鉴证报告仅供江南新材公司为用募集资金置换预先已投入募集资金投资项 目及支付发行费用的自筹资金之目的使用，不得用作任何其他目的。我们同意将本 鉴证报告作为江南新材公司用募集资金置换预先已投入募集资金投资项目及支付 发行费用的自筹资金必备的文件，随其他文件一起报送并对外披露。 二、管理层的责任 总所：北京市西城区阜成门外大街 22 号 关于江西江南新材料科技股份有限公司 TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https://www.rsm.global/china/ 以自筹资金预先投入募集资金投资项目 及支付发行费用的鉴证报告 容诚专字 ...

Group 1 - The core viewpoint of the article highlights that DaiLe New Materials (300700) is actively promoting its UV-curable conductive materials through its subsidiary DaiHua, which can be customized in color according to customer needs [1] - The UV-curable conductive materials are specifically designed for use in robotic electronic skin, indicating a focus on advanced technology applications [1] - The company is currently conducting promotional tests with several clients to evaluate the performance and acceptance of these materials [1]

Group 1 - The event "Cross-Strait SMEs Development Conference and Taiwan Investment Promotion Conference" was held in Quanzhou, focusing on deepening cross-strait integration and promoting common development [1][3] - A total of 18 Taiwan-funded projects were signed, with a total investment of approximately 5.5 billion yuan, covering various sectors such as intelligent manufacturing, new materials, food health, and modern services [1][3] - The establishment of a digital service platform for Taiwanese businesses was announced, allowing for streamlined processes in setting up businesses and obtaining necessary permits [3] Group 2 - Agricultural Bank of China and Shanghai Pudong Development Bank provided a combined pre-approval credit of 15 billion yuan to Taiwan-funded enterprises in the Quanzhou Taiwan Investment Zone [3] - Quanzhou is a significant ancestral home for Taiwanese Han compatriots, benefiting from geographical, cultural, and business connections that attract many Taiwanese to work and live there [3] - Over 200 Taiwan-funded enterprises have been established in the Quanzhou Taiwan Investment Zone, creating a collaborative development pattern with local companies in sectors like biomedicine and machinery manufacturing [3]

证券代码：688718 证券简称：唯赛勃 公告编号：2025-023 一、利润分配方案内容 公司 2025 年 1-6 月实现归属于母公司股东的净利润为人民币 15,011,063.20 元（未经审计）；截至 2025 年 6 月 30 日，母公司可供分配利润为人民币 司 2025 年半年度以实施权益分派股权登记日登记的总股本扣减公司回购专用证 券账户中股份为基数分配利润，本次利润分配方案如下： 上海唯赛勃新材料股份有限公司 关于 2025 年半年度利润分配方案的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ? 分配比例：每 10 股派发现金红利 1.16 元（含税），不以公积金转增股 本，不送红股。 ? 因公司实施股份回购事项，根据相关规定，公司回购专用账户中的股份 不参与利润分配。本次利润分配公司拟以实施权益分派股权登记日登记的总股本 扣减公司回购专用证券账户中的股份为基数，具体日期将在权益分派实施公告中 明确。 ? 如在实施权益分派的股权登记日前公司总股本扣减公司回购专用证券账 户中的股份数量 ...

Group 1 - A new company, Foshan Xunsheng New Materials Co., Ltd., has been established with a registered capital of 2 million RMB [1] - The company's business scope includes sales of non-metallic minerals and products, metal wire ropes and products, metal structures, lime and gypsum, construction materials, and various other products [1] - The company is authorized to conduct business activities independently according to its business license, except for projects that require approval [1]

Core Viewpoint - Dongguan Jiaboxuan New Materials Technology Co., Ltd. has been established with a registered capital of 500,000 RMB, focusing on various new material technologies and products [1] Company Summary - The company is engaged in the research and development of new material technologies [1] - It manufactures and sells plastic products, synthetic materials, synthetic fibers, and high-quality synthetic rubber [1] - The company also deals in engineering plastics and synthetic resins, including their manufacturing and sales [1] - It provides services related to technology, including development, consulting, and transfer [1] - The company is involved in the import and export of goods and technology [1] Industry Summary - The establishment of the company reflects growth in the new materials sector, particularly in plastics and synthetic materials [1] - The diverse range of products and services indicates a broad market approach, potentially catering to various industrial needs [1]

新材料是新型工业化的重要支撑，是国家大力发展的战略性新兴产业之一。日前举行的工程建设新材料 创新成果对接会暨第六届"善用资源日"开放活动上，上百家建筑工程行业企业代表齐聚，共议新材料研 发和产业化应用前景。与会嘉宾认为，新材料发展从规模扩张迈向高质量发展阶段，面对人工智能(AI) 驱动研发范式变革、国家重大战略需求牵引和"双碳"目标带来的机遇与挑战，我国要推动新材料从"好 用"到"多用"，以"好材料"支撑"好房子"、赋能新制造，助力美好生活的自主可控、国际领先材料体 系。 王重海表示，中国建材集团将围绕新兴产业、未来产业以及国家战略发展需求，紧抓重点，聚焦关键， 围绕下一代水泥及水泥基材料、先进玻璃材料、陶瓷及复合材料等八个细分方向开展规划布局，在创新 建设、新技术突破、绿色智能转型、人才方面同时发力。 中国工程院院士、中国建材集团首席科学家彭寿表示，新材料产业当前正在经历"三个变革"(材料研 发"范式变革"、材料性能"需求变革"和材料制备"场景变革")。AI技术与材料设计研发深度融合，推动 研发范式由数据驱动"第四范式"向AI驱动"第五范式"延伸。信息科学领域前沿创新以及基于新原理的颠 覆性器件对材料品种、 ...

Group 1 - The company DaiLe New Materials (300700.SZ) has indicated that its subsidiary DaiHua's UV-curable conductive materials can be used for robotic electronic skin [2] - The electronic skin can be customized in color according to customer requirements, indicating flexibility in production [2] - Currently, the electronic skin is in the promotion testing phase with some customers [2]