（记者 王晓波） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 截至发稿，海优新材市值为31亿元。 每经头条（nbdtoutiao）——中标企业频频弃标 大型医疗设备采购有何难言之隐？ 每经AI快讯，海优新材（SH 688680，收盘价：37.08元）12月16日晚间发布公告称，为了满足公司全资 子公司泰州海优威的业务生产经营需求，进一步提升全资子公司的综合竞争力，公司拟以自有资金或自 筹资金的方式对泰州海优威增资7000万元人民币。本次增资完成后泰州海优威的注册资本为人民币1.5 亿元。 2025年1至6月份，海优新材的营业收入构成为：光伏封装材料行业占比86.75%，其他业务占比7.34%， 其他行业占比5.9%。 ...

Core Insights - Haiyou New Materials reported a significant decline in revenue for the first three quarters of 2025, with total revenue at 870 million yuan, a year-on-year decrease of 57.62% [1] - The company experienced a net loss attributable to shareholders of 208 million yuan, which is a 16.43% increase compared to the previous year [1] - The basic earnings per share for the period was -2.51 yuan [2] Financial Performance - The gross margin for the first three quarters of 2025 was -2.85%, down 2.63 percentage points year-on-year, while the net margin was -23.88%, a decrease of 11.77 percentage points from the same period last year [2] - In Q3 2025, the gross margin further declined to -6.67%, a year-on-year drop of 3.60 percentage points, and a quarter-on-quarter decrease of 4.88 percentage points [2] - The net margin for Q3 2025 was -31.49%, down 11.93 percentage points year-on-year and 7.65 percentage points from the previous quarter [2] Expense Analysis - Total operating expenses for the period were 160 million yuan, a reduction of 35.5863 million yuan compared to the same period last year [2] - The expense ratio increased to 18.39%, up 8.86 percentage points year-on-year [2] - Sales expenses decreased by 0.14%, while management expenses rose by 13.71%, R&D expenses fell by 35.71%, and financial expenses decreased by 20.32% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 8,122, an increase of 811 from the end of the previous half-year, representing an 11.09% growth [3] - The average market value per shareholder increased from 508,000 yuan to 532,400 yuan, a growth of 4.80% [3] Company Overview - Haiyou New Materials, established on September 22, 2005, is located in the China (Shanghai) Pilot Free Trade Zone [3] - The company specializes in the research, production, and sales of specialty polymer films, with 86.75% of its revenue coming from the photovoltaic packaging materials sector [3] - The company is categorized under the power equipment industry, specifically in photovoltaic equipment and auxiliary materials [3]

Core Viewpoint - The company, Shanghai Haiyouwei New Materials Co., Ltd., has provided a detailed report on the management and actual use of funds raised through the issuance of convertible bonds, highlighting the total amount raised and its allocation for various projects [3][4][5]. Group 1: Fundraising Overview - The company raised a total of RMB 694 million through the issuance of 6.94 million convertible bonds, with a net amount of RMB 691.4 million after deducting related fees [3][4]. - As of December 31, 2024, the company had utilized RMB 468.1 million of the raised funds, leaving a balance of RMB 81.3 million [4]. Group 2: Fund Management - The company has established a dedicated fund management system in compliance with relevant laws and regulations, ensuring that the raised funds are stored in special accounts and managed effectively [5][6]. - The company signed a tripartite supervision agreement with its sponsor and the bank holding the funds to ensure proper management [5]. Group 3: Fund Usage and Adjustments - The company has used part of the raised funds to temporarily supplement working capital, with a total of RMB 300 million utilized for this purpose, which has been returned to the special account [8][9]. - The company has also approved the use of idle funds for cash management, with a maximum of RMB 600 million allocated for this purpose [10][11]. Group 4: Project Adjustments - The company has made adjustments to the implementation locations and subjects of certain fundraising projects, ensuring that the overall investment direction remains unchanged [15][16]. - A specific project, the "Annual Production of 200 Million Square Meters of Photovoltaic Encapsulation Film Project (Phase I)," has had its implementation location changed to optimize resource allocation [16][17]. Group 5: Future Plans and Communication - The company plans to hold an investor briefing on September 8, 2025, to discuss its half-year performance and address investor inquiries [19][20]. - Investors can participate in the briefing through an online platform, allowing for interactive communication regarding the company's financial results and future strategies [21][22].

Core Viewpoint - Shanghai Haiyouwei New Materials Co., Ltd. has approved the use of idle convertible bond funds for cash management, with a maximum amount of RMB 220 million, to enhance fund efficiency and returns while ensuring the normal operation of investment projects and safeguarding shareholder interests [1][5][8]. Fundraising Status - The company issued convertible bonds totaling RMB 694 million, with a net fundraising amount of RMB 691.4 million after deducting issuance costs of RMB 2.6 million. The funds have been fully received and deposited into a special account for fundraising [1][2]. Investment Project Details - The net fundraising amount of RMB 691.4 million will be allocated to the photovoltaic packaging materials project, with a total investment of RMB 940.7 million [2][3]. Cash Management Plan - The company plans to use up to RMB 220 million of idle convertible bond funds for cash management over a period of 12 months, allowing for rolling use of the funds [3][5]. - The investment will focus on high-security, liquid products with capital protection agreements, such as structured deposits and time deposits [5][6]. Decision-Making Process - The decision to use idle funds was approved in a board meeting held on June 16, 2025, and the board has authorized the chairman to make investment decisions within the approved limits [6][8]. - The board's audit committee supports the cash management plan, stating it aligns with regulatory requirements and does not conflict with the intended use of the convertible bond funds [7][8]. Regulatory Compliance - The cash management activities will comply with relevant regulations and will be disclosed in accordance with the rules of the Shanghai Stock Exchange and the company's fundraising management system [5][9].

Core Viewpoint - The company intends to utilize temporarily idle convertible bond funds for cash management to enhance fund efficiency and returns while ensuring the normal implementation of investment projects and safeguarding shareholder interests [1][4][6]. Fundraising Status - The company issued convertible bonds totaling RMB 694 million with a net fundraising amount of RMB 691.4 million after deducting issuance costs of RMB 2.6 million. The funds have been fully received and deposited into a special account [1][2]. Investment Project Details - The net proceeds from the bond issuance will be allocated to specific projects, including a photovoltaic packaging material project with a total investment of RMB 940.7 million, of which RMB 691.4 million will be funded by the raised capital [2]. Cash Management Plan - The company plans to use up to RMB 220 million of the temporarily idle convertible bond funds for cash management within a 12-month period, allowing for rolling use of the funds [3][4]. Investment Types - The company will invest in low-risk, high-liquidity financial products, including structured deposits, agreement deposits, notice deposits, fixed-term deposits, and large-denomination certificates of deposit [3][5]. Decision-Making Authority - The board of directors has authorized the chairman to make cash management investment decisions and sign relevant contracts, with the finance department responsible for implementation [4][5]. Cash Management Returns - Any returns from the cash management activities will belong to the company and will be managed according to regulatory requirements, with funds returned to the special account upon maturity [4][5]. Impact on Daily Operations - The cash management initiative will not affect the normal operation of the company's investment projects or daily business, and is expected to improve fund efficiency and shareholder returns [4][6]. Review Procedures and Opinions - The board of directors and the audit committee have approved the cash management plan, confirming compliance with relevant regulations and ensuring no conflict with the intended use of the raised funds [6][7]. Sponsor's Verification Opinion - The sponsor has verified that the cash management plan has been duly approved and complies with regulatory requirements, supporting the company's goal of enhancing fund efficiency without altering the intended use of the raised funds [7].