证券代码：688571 证券简称：杭华股份 公告编号：2026-002 杭华油墨股份有限公司 关于子公司开立募集资金专项账户并签订募集资金专户存储监管协议的公告 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。 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意杭华油墨股份有限公司首次公开发行股票注册的批复》（证监 许可〔2020〕2656号），同意公司首次公开发行股票注册申请。经上海证券交易所同意，公司首次向社 会公开发行人民币普通股（A股）股票8,000万股，本次发行价格为每股人民币5.33元，募集资金总额为 人民币42,640.00万元。上述募集资金总额扣除发行费用人民币（不含增值税）5,893.83万元后，实际募 集资金净额为人民币36,746.17万元。本次发行募集资金已于2020年12月4日全部到位，并经天健会计师 事务所（特殊普通合伙）审验，于2020年12月4日出具了《验资报告》（天健验〔2020〕564号）。 上述募集资金到账后，已全部存放于经公司董事会批准开设的募集资金专项账户内。公司及募投项目实 ...

Core Viewpoint - Northern Rare Earth (600111) expects a significant increase in net profit for the fiscal year 2025, projecting a range of CNY 2.176 billion to CNY 2.356 billion, representing a year-on-year growth of 116.67% to 134.60% [1] Financial Performance - The company anticipates a non-recurring net profit between CNY 1.960 billion and CNY 2.140 billion, with a year-on-year increase of 117.46% to 137.43% [1] - The substantial growth in performance is attributed to the implementation of the "Five Unifications" scientific production model, enhancing the integration of R&D, production, and sales [1] Operational Efficiency - The overall processing costs have decreased year-on-year, showcasing significant cost reduction achievements [1] - For the first time, the sales volume of lanthanum and cerium products exceeded production, effectively alleviating inventory pressure [1] Product Performance - Core products, including smelting separation, rare earth metals, functional materials, and permanent magnet motors, all experienced year-on-year growth in both production and sales, which strongly supported the overall profit level increase [1] Strategic Development - The company is accelerating the construction of key projects, with the first phase of the new generation rare earth green smelting upgrade project fully operational and the second phase successfully commenced [1] - Subsidiaries have completed and put into production projects such as the 50,000-ton magnetic alloy project and the 3,000-ton magnet project, enhancing the industry's high-end, intelligent, and green transformation [1] Technological Advancement - Through reforms in the scientific research mechanism and the transformation of results, the company is speeding up the R&D of new processes, new equipment, and high value-added products, continuously enhancing its technological competitiveness and value creation capabilities within the industry chain [1]

Group 1 - The company plans to use part of its temporarily idle self-owned funds for cash management to improve fund utilization efficiency and increase returns for the company and its shareholders, ensuring that it does not affect daily operations or fund safety [4][12]. - The maximum amount for cash management is set at RMB 30 million, with a usage period not exceeding 12 months, allowing for rolling use within this limit [5][8]. - The investment products will include low-risk, high-liquidity financial products sold by qualified financial institutions, such as structured deposits and fixed-income products, and these funds will not be used for pledging or securities investment [6][23]. Group 2 - The company has conducted necessary board meetings to approve the cash management plan, which does not require shareholder approval [2][8]. - The company will implement strict risk control measures, including selecting high-safety investment products and conducting regular monitoring of cash management product performance [10][26]. - The cash management is expected to generate certain investment returns, which will benefit the overall performance of the company and its shareholders [12][40]. Group 3 - The company has also announced adjustments to its fundraising projects, including the completion of certain projects and the allocation of surplus funds to new projects, specifically a new project for producing 35,000 tons of green printing materials [30][31]. - The total investment for the new project is estimated at RMB 100 million, with surplus funds and cash management returns being allocated to this project [44][45]. - The project aims to enhance the company's production capabilities and market competitiveness, aligning with national policies promoting green and sustainable development [46][48].

Core Viewpoint - Hanghua Co., Ltd. announced plans to allocate approximately 145.75 million yuan from surplus funds and cash management income to establish a new project for producing 35,000 tons of green printing new materials after completing previous projects [1] Group 1 - The company intends to use the remaining funds from the "annual production of 10,000 tons of liquid ink and 8,000 tons of functional materials project (Phase II)" and the "new materials research and development center project" [1] - The total amount allocated for the new project is approximately 145.75 million yuan, which includes surplus funds, cash management income, and interest income [1] - The project will be submitted for approval at the shareholders' meeting, with no objections from the sponsor, Zheshang Securities [1]

Core Viewpoint - Xiamen Tungsten New Energy has announced two major investment projects totaling over 1.7 billion yuan, focusing on high-performance battery materials and hydrogen energy, aiming to seize industry opportunities and enhance market competitiveness [2][3]. Investment Projects - The first project involves establishing a wholly-owned subsidiary to build a production facility for 50,000 tons of high-performance battery materials, with a total investment of 152.5 million yuan, funded by the subsidiary's own funds and loans, and a construction period of 50 months [2][3]. - The second project, through the wholly-owned subsidiary Xiamen Xiamen Tungsten Hydrogen Energy Technology Co., aims to produce 5,000 tons of hydrogen energy materials and 7,000 tons of functional materials, with an estimated total investment of 23.688 million yuan and a construction period of 26 months [3][4]. Market Demand and Strategic Positioning - The battery industry is experiencing rapid technological advancements, with a surge in demand for high-performance batteries in electric vehicles, energy storage, and consumer electronics, necessitating early layout and product innovation [3][5]. - The implementation of these projects will help the company meet market demand for high-performance battery materials, solidify its position in the top tier of the battery materials industry, and enhance its technological innovation capabilities and market leadership [3][5]. Financial Performance and Feasibility - Xiamen Tungsten Hydrogen Energy is expected to achieve revenues of 417.48 million yuan and a net profit of 33.73 million yuan in 2024, with stable operating conditions reflected in the first nine months of 2025, achieving revenues of 309.96 million yuan and a net profit of 24.46 million yuan [4][5]. - The necessity of the hydrogen energy project is underscored by the global carbon neutrality goals, which position hydrogen as a core direction for energy transition, driving demand for hydrogen storage alloys and functional materials [5].

Core Viewpoint - Xiamen Tungsten Co., Ltd. has approved a capital increase for its subsidiary, Jinlong Rare Earth Co., Ltd., through a private placement of shares, aiming to raise up to RMB 40.02 million to supplement working capital [1][8][10]. Group 1: Capital Increase and Share Issuance - The board meeting approved the issuance of up to 26.68 million shares at a price of RMB 1.50 per share, based on the audited net asset value for 2024 [1][10]. - The total expected fundraising amount is not more than RMB 40.02 million, with existing shareholders subscribing according to their shareholding ratios [1][10]. - Major shareholders, including Xiamen Tungsten and related parties, will participate in the subscription, with amounts of RMB 26.09 million, RMB 2.20 million, RMB 0.80 million, and RMB 0.80 million respectively [1][10]. Group 2: Project Approvals - The board also approved a project for Xiamen Xatung Hydrogen Energy Technology Co., Ltd. to invest RMB 236.88 million in a facility to produce 5,000 tons of hydrogen energy materials and 7,000 tons of functional materials, expected to commence production by January 2028 [5][6]. - Additionally, the establishment of a wholly-owned subsidiary for producing 50,000 tons of high-performance battery materials was approved, with an investment of RMB 1.525 billion, projected to be completed by the end of 2029 [6][29]. Group 3: Compliance and Review - The capital increase proposal has been reviewed and approved by the independent directors and the audit committee, with unanimous votes in favor [2][3][31][32]. - The proposal does not require shareholder meeting approval as per relevant regulations [9][35]. Group 4: Strategic Alignment - The capital increase and associated projects align with the company's strategic development needs, enhancing its competitiveness in high-end functional materials and hydrogen energy sectors [5][6][29]. - The company maintains its controlling stake in Jinlong Rare Earth after the share issuance, ensuring no adverse impact on its financial status or operations [1][29].

Core Viewpoint - The company, Xiamen Tungsten Co., Ltd. (厦钨新能), is investing in a new production line for hydrogen energy materials and functional materials to enhance production efficiency and capture emerging market demands in hydrogen energy transportation and storage [1] Investment Project Summary - The company plans to establish a project with an annual production capacity of 5,000 tons of hydrogen energy materials and 7,000 tons of functional materials through its wholly-owned subsidiary, Xiamen Hydrogen Energy [1] - The total estimated investment for the project is RMB 237 million, with funding sourced from internal funds and loans [1] Strategic Goals - This investment aims to promote innovation, enhance market competitiveness, and improve production efficiency for the company [1] - The project is expected to help the company build a world-class innovation platform for hydrogen energy materials and become a core supplier of key materials and equipment in the global hydrogen energy industry [1] - The initiative is positioned to lay a solid foundation for the company's future development [1]

Core Insights - The company, Xiamen Tungsten Co., Ltd. (688778.SH), announced plans to enhance hydrogen alloy production efficiency and capitalize on emerging market demands in hydrogen energy transportation and storage [1] - The company aims to establish a solid-state hydrogen storage device production line through its wholly-owned subsidiary, Xiamen Tungsten Hydrogen Energy, with an annual production capacity of 5,000 tons of hydrogen energy materials and 7,000 tons of functional materials [1] - The total investment for the project is estimated at RMB 237 million, funded through self-owned capital and loans [1] - This investment is expected to promote innovation, enhance market competitiveness, and improve production efficiency, positioning the company as a key supplier of critical materials and equipment in the global hydrogen energy industry [1]

Core Viewpoint - The company, Xiamen Tungsten Co., Ltd. (厦钨新能), aims to enhance hydrogen alloy production efficiency and capitalize on emerging markets in hydrogen energy transportation and storage by establishing a solid-state hydrogen storage device production line, which is expected to provide new profit growth points for its hydrogen energy business [1] Investment Project Summary - The company plans to invest in a project through its wholly-owned subsidiary, Xiamen Hydrogen Energy, to produce 5,000 tons of hydrogen energy materials and 7,000 tons of functional materials annually [1] - The total estimated investment for the project is RMB 236.88 million, with funding sourced from self-owned funds and loans [1] - This investment is expected to promote innovation, enhance market competitiveness, and improve production efficiency, establishing a solid foundation for the company's future development as a key supplier of critical materials and equipment in the global hydrogen energy industry [1]

Core Viewpoint - The company, Xiamen Tungsten Co., Ltd. (688778.SH), is investing in a new production line for hydrogen energy materials and functional materials to enhance production efficiency and capture emerging market demands in hydrogen energy transportation and storage [1] Investment Project Summary - The company plans to construct a project with an annual production capacity of 5,000 tons of hydrogen energy materials and 7,000 tons of functional materials through its wholly-owned subsidiary, Xiamen Hydrogen Energy [1] - The total estimated investment for the project is RMB 236.88 million, with funding sourced from self-owned funds and loans [1] Strategic Goals - This investment aims to promote innovation, enhance market competitiveness, and improve production efficiency for the company [1] - The project is expected to establish an international first-class innovation platform for hydrogen energy materials, positioning the company as a core supplier of key materials and equipment in the global hydrogen energy industry [1] - The initiative is intended to lay a solid foundation for the company's future development [1]