Core Viewpoint - Anhui Sentai Wood-Plastic Group Co., Ltd. held an investor communication meeting focusing on its operational status, project progress, and market strategies, attracting numerous investor inquiries [1] Financial Performance - For the first half of 2025, the company reported revenue of 503 million yuan, a year-on-year increase of 20.96%, while net profit attributable to shareholders was 31.18 million yuan, a decline of 19.97% [2] - The revenue growth was primarily driven by a 66.57% increase from new customers in the U.S., but high operational and market development costs at its subsidiary, Nait America, led to profit decline [2][4] - The sales net profit margin significantly decreased to 3.18%, down 57.39% year-on-year, attributed to high market development expenses [2] - Total period expenses reached 122 million yuan, with a period expense ratio of 24.14%, an increase of 4.40 percentage points year-on-year [2] Project Progress - As of June 30, 2025, the investment progress of the "600 million square meters new type stone-wood plastic composite material digital printing production line renovation project" was at 52%, currently in the trial production phase [3] Subsidiary Development - The subsidiary Nait America, focused on the North American market, is in a development phase with high market development costs, resulting in a loss of 15.17 million yuan for minority shareholders [4] - Despite the losses, 66.57% of the company's revenue growth came from new customer sales in this subsidiary, and the company plans to continue supporting its development and enhance management to improve profitability [4] R&D Investment and Strategy - In the first half of 2025, the company invested 14.23 million yuan in R&D, primarily for employee salaries and material costs, emphasizing innovation and tracking industry trends [5] - The company’s sales are primarily in foreign markets, with significant exposure to exchange rate fluctuations and international trade conditions, particularly U.S. tariffs affecting market expansion [5] - The company aims to deepen its presence in the European market while actively exploring new markets in North America, the Middle East, and along the "Belt and Road" initiative [5]

创业板风险提示 本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业融合存在不确 定性、尚处于成长期、经营风险高、业绩不稳定、退市风险高等特点，投资者面临较大的 市场风险。投资者应充分了解创业板的投资风险及本公司所披露的风险因素，审慎作出投 资决定。 安徽森泰木塑集团股份有限公司 ANHUI SENTAI WPC GROUP SHARE CO.,LTD. （安徽省宣城市广德经济开发区国华路） 首次公开发行股票并在创业板上市 招股说明书 （注册稿） 声明：本公司的发行申请尚需经深圳证券交易所和中国证监会履行相应程序。本招股 说明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告的招 股说明书作为作出投资决定的依据。 保荐人（主承销商） 中国（上海）自由贸易试验区浦明路 8 号 安徽森泰木塑集团股份有限公司 招股说明书（注册稿） 发行人声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 ...