长江商报消息 从事精密涂布业务的纳尔股份（002825.SZ）业绩表现亮眼。 7月28日晚间，纳尔股份发布2025年半年度报告，报告期内，公司实现营业收入9.72亿元，同比增长 4.10%；实现归母净利润1.15亿元，同比增长79.15%。 对于业绩增长，公司提到了两个方面原因，一是出售参股子公司投资收益助力；二是主营业务在降本增 效上取得较好成绩。 纳尔股份积极布局海外市场。2025年上半年，公司境外营业收入为4.92亿元，占营业收入的50.59%。 净利大幅增长的情况下，上半年，纳尔股份经营活动产生的现金流量净额为5587.92万元，同比增长 644.05%。 资料显示，纳尔股份主要从事精密涂布业务领域的数码喷印材料、汽车保护膜、光学及电子功能膜等产 品的研发、生产和销售。公司积极拓展新赛道，如布局氢能源核心材料，膜电极等相关项目。2016年11 月，公司在A股上市。 长江商报记者注意到，上市次年纳尔股份就增收不增利，2017年公司归母净利润同比减少44%至 3633.46万元。2018年开始，纳尔股份积极对外扩张，接连收购墨库图文、马上马网络、上海芯超、骏 鸿光学等多家公司部分或全部股权。 对外收购推动 ...

上海纳尔实业股份有限公司 投资者关系活动记录表 证券代码：002825证券简称：纳尔股份编号：2025-008 上海纳尔实业股份有限公司 上海纳尔实业股份有限公司 投资者关系活动记录表 投资者关系活动记录表 | | 特定对象调研 □新闻发布会 |  | | --- | --- | --- | | 投资者关系活 | □分析师会议 □路演活动 | | | 动类别 | □媒体采访 □现场参观 | | | | □业绩说明会 其他 | | | 参与单位名称 | 华泰证券：张硕； | | | 及人员姓名 | 泰康基金：程翔； | | | 时间 | 2025 年 7 月 29 日（星期二） 8:30-9:30 | | | 地点 | 上海市浦东新区新场镇新瀚路 26 号 | | | | 一、 公司主要情况介绍 | | | | 公司董秘游爱军对公司发展历程、产品业务等情况进行了介 | | | | 绍：公司主要业务为数码喷绘材料、汽车功能膜、电子功能及光学 | | | | 膜等新材料产品，分别占公司主营业务收入 65%、30%、5%左右。 | | | | 公司目前发展的主要策略为"新材料、新能源"双驱动。"新 | | | | ...

Core Viewpoint - Shanghai NAR Industrial Co., Ltd. reported a revenue of 972.18 million yuan for the first half of 2025, reflecting a 4.10% increase compared to the same period last year, while net profit surged by 79.15% to 114.20 million yuan, driven by strategic overseas expansion and effective risk management measures [6][12]. Group 1: Risk Management - The company is addressing geopolitical instability risks, particularly from the US-China trade war, by enhancing supply chain integration and expanding into markets in South America, the Middle East, and Africa [1]. - To mitigate the impact of domestic and international economic fluctuations, the company has established overseas subsidiaries to counteract anti-dumping policies and has improved logistics and delivery channels in response to conflicts like the Russia-Ukraine war [1]. - The company employs a pricing adjustment mechanism and hedging tools to manage foreign exchange risks, thereby stabilizing its financial performance [2]. Group 2: Financial Performance - The company achieved a net profit of 74.20 million yuan, up 17.60% from the previous year, with basic earnings per share increasing by 78.95% to 0.34 yuan [6][12]. - Total assets rose by 6.09% to 2.71 billion yuan, while net assets attributable to shareholders increased significantly [6][12]. - The company reported a significant increase in research and development expenses, which rose by 34.31% to 58.20 million yuan, reflecting its commitment to innovation [12][13]. Group 3: Business Overview - The company specializes in precision coating materials, digital printing materials, automotive protective films, and electronic functional films, with a focus on expanding into hydrogen energy materials [12]. - The sales strategy includes both direct sales and ODM (Original Design Manufacturer), with a strong emphasis on brand development and marketing networks across China and internationally [9][10]. - The automotive protective film segment is experiencing rapid growth, driven by increasing demand from both the aftermarket and original equipment manufacturers (OEMs) [12][10]. Group 4: Competitive Advantages - The company has established a robust quality control system certified by multiple international standards, enhancing its product competitiveness [8]. - It has developed a comprehensive marketing network with over 200 brand agents in China and exports to over 90 countries, ensuring a stable market presence [9]. - The company is investing in digital transformation and smart manufacturing to improve operational efficiency and reduce costs [11].

具体来看，康得退2015-2018年披露的年度报告存在虚假记载，追溯重述后公司2015-2018年度归属净利 润连续为负值。同时，因2018年、2019年连续两个会计年度财务会计报告被出具无法表示意见的审计报 告，康得退股票自2020年7月10日起暂停上市。康得退股票暂停上市后的首个年度报告显示，公司2020 年净利润、扣非后净利润、归属净资产均为负值，且公司财务会计报告被出具保留意见的审计报告。以 上情形同时触及终止上市情形，根据相关规定以及深交所上市委员会的审核意见，深交所决定对康得退 实施重大违法强制退市。 虚增逾百亿利润 回顾康得退的发展历程，康得退昔日也是受市场颇为看好的"千亿白马股"，但令市场没想到的是，当时 光鲜的业绩背后都是康得退伪造出来的假象，实际上从2015年起，康得退净利润就一直处于亏损状态， 而这一案件也成为A股史上规模最大的财务造假案件。 康得退成立于2001年，并于2010年登陆A股，从事高分子复合材料、功能膜材料、预涂膜、光学膜、光 电新材料等研发，并提供相关技术咨询和技术服务。经过数年发展，逐渐成为材料领域的龙头企业。 2017年可谓是康得退发展的巅峰，这一年康得退股价达到26 ...

编号：2025-008 投资者关 系活动类 别 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他（请文字说明其他活动内容） 参与单位 名称及人 员姓名 杭州雷石投资管理有限公司 陆凯林闻杰 时间 2025 年 7 月 24 日 10:30-11:30 地点 公司 11 楼会议室 上市公司 接待人员 姓名 证券事务代表 毋昱 投资者关 系活动主 要内容介 绍 一、公司概括介绍环节 公司成立于 2003 年，是一家专注于差异化、功能性双向拉 伸聚酯薄膜材料研发、生产和销售为一体的高新技术企业，能够 根据客户的差异化需求，生产多种规格、多种型号及不同用途的 聚酯薄膜产品，主要产品包括有色光电基膜、其他功能膜及透明 膜，产品可广泛应用于消费电子产品制程、汽车等其他领域。 未来，公司将继续秉持"差异化、功能性"为核心经营理念， 立足有色光电基膜，大力拓展其他功能膜产品，不断扩大公司产 品系列及应用领域。此外，公司持续进行新材料领域的探索，布 局了高性能碳纤维相关领域的项目，以期提高公司未来的可持续 发展。 证券代码：301237 证券简称：和顺科技 杭州和顺科技股份有 ...

投资者关系活动记录表 编号：2025-007 | | √特定对象调研 □分析师会议 | | --- | --- | | 投资者关 | □媒体采访 □业绩说明会 | | 系活动类 | □新闻发布会 □路演活动 | | 别 | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位 | 光大证券蔡嘉豪 | | 名称及人 | 山西证券王金源 | | 员姓名 | 上海渊泓投资孔海川 | | | 中广云投资李曙光 俞晓拯 | | | 华创证券王鲜俐 | | 时间 | 2025 年 7 月 22 日 13:00-14:30 | | 地点 | 公司 11 楼会议室 | | 上市公司 | 董事会秘书 吴学友 | | 接待人员 | 证券事务代表 毋昱 | | 姓名 | | | | 一、公司概括介绍环节 | | | 公司成立于 2003 年，是一家专注于差异化、功能性双向拉 | | | 伸聚酯薄膜材料研发、生产和销售为一体的高新技术企业，能够 | | 投资者关 | 根据客户的差异化需求，生产多种规格、多种型号及不同用途的 | | 系活动主 | 聚酯薄膜产品，主要产品包括有色光电基膜、其他功能膜及透明 | | ...

本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 【东岳硅材参股公司未来材料冲刺科创板IPO，前景存忧】 <>东岳硅材参股5.14%的未来材料，于6月 27日公告其科创板IPO申请获上交所受理，若成行，东岳系将再添一家上市公司。 <>这是未来材料第三 次闯关IPO，报告期营收分别为5.24亿元、7.21亿元和6.4亿元，归母净利润分别为1.43亿元、2.3亿元和 1.65亿元，盈利复合增长率低于营收。 <>7月3日，未来材料等12家IPO企业被抽中现场检查，距其提交 申报稿不到一周。深交所官网显示，2023年首批被抽中现场检查的五家IPO企业已全部终止审核。 <>未 来材料与东岳硅材有上下游关系和关联交易。报告期，向关联方出售商品和提供劳务金额分别为0.73亿 元、1.02亿元和0.83亿元；从关联方采购金额分别为1.75亿元、2.16亿元和1.02亿元。2024年8月后不再 向关联方采购六氟丙烯，但此举是否为冲刺IPO的暂时行为待察。 <>主营业务收入方面，高性能含氟功 能膜营收增长快，"高性能含氟功能膜关键材料及衍生材料"营收萎缩，公司成长性依赖高性能含氟功能 膜放量。该膜销量增但单价降，"高 ...

新华社北京7月19日电 题：民营企业加快向"新"前进向"高"攀登——中国经济年中观察之四 刘开雄、杨烨、陈梦娜 民营经济是推进中国式现代化的生力军，是高质量发展的重要基础。 今年上半年，政策给力、企业努力，广大民营企业保持定力、增强信心，以爱拼会赢的劲头奋勇向前。 在火热的夏日，记者前往山东、福建、新疆等地一线调研，走进企业实验室、生产车间、仓库厂房，触 摸民营企业发展的脉动。 追"新"攀"高" 民营经济活力凸显 "今年以来，订单充足，生产线一直保持满负荷生产。"在福建上杭的龙岩市宇恒环保科技有限公司车 间，公司副总经理刘强说，2025年上半年产值达1874.7万元，同比增长47.85%。 现在，企业已经在谋划下一步发展。刘强介绍，公司还在不断加大投入，计划在2年内依托自产的铼酸 铵，通过"还原+粉末冶金"等工艺，建成大型铼金属制品生产基地。 向"新"而行、以"新"求变。记者在调研中感受到，民营企业作为我国科技创新和产业创新的重要力量， 正不断向更高水平进发。 当前，民营企业贡献了70%以上的技术创新成果，涵盖了80%以上的国家专精特新"小巨人"企业和90% 以上的国家高新技术企业。 一系列数据印证着民营经济 ...

Company Overview - Hangzhou Heshun Technology Co., Ltd. was established in 2003, focusing on the R&D, production, and sales of differentiated, functional biaxially oriented polyester (BOPET) films [2][3] - The company produces various specifications and models of polyester film products, including colored optoelectronic base films, other functional films, and transparent films, applicable in consumer electronics and automotive sectors [2][3] - Future plans include expanding product series and application fields, with a focus on colored optoelectronic base films and other functional films [3] Key Issues - To enhance product competitiveness, the company plans to leverage product innovation, focusing on technology that meets core customer needs and expanding into niche markets such as card games [3] - The company aims to further explore new applications in thin film materials and optimize product structure through continuous innovation and iteration [3] Production Insights - The significant year-on-year growth in transparent film production in 2024 is attributed to the launch of a new 35,000-ton BOPET film production line, which initially focuses on transparent films to minimize risk and validate equipment stability [4] - This strategy allows for efficient use of idle equipment time and avoids capacity waste during product changeovers [4] Carbon Fiber Project - Carbon fiber offers advantages such as lightweight, high strength, high-temperature resistance, and corrosion resistance, making it irreplaceable in high-end manufacturing sectors requiring extreme performance [4] - The carbon fiber project commenced construction in Q3 2024 and is progressing as planned, aligning with the company's expectations [4]

Group 1 - The core point of the news is that Shandong Dongyue Future Hydrogen Energy Materials Co., Ltd. has submitted its IPO application for the third time, aiming to raise 2.446 billion yuan by issuing up to 110.71 million shares, which, if successful, would make it the third listed company under the Dongyue Group [1][14] - The company has faced challenges such as declining performance, high inventory levels, and a significant proportion of related party transactions [1][12] - Future Materials has experienced a decline in revenue and profit, with revenues of 5.24 billion yuan in 2022, 7.21 billion yuan in 2023, and a projected 6.4 billion yuan in 2024, representing an 11.23% year-on-year decrease [2][4] Group 2 - The company's revenue structure shows a significant shift, with high-performance fluorinated functional membranes and their key materials accounting for 25.12% and 74.88% of revenue in 2024, respectively [4] - The average selling price of high-performance fluorinated functional membranes has decreased from 909.68 yuan in 2022 to 655.41 yuan in 2024, a drop of 27.95% [6][7] - Government subsidies have played a crucial role in the company's profits, with amounts received in the years 2022, 2023, and 2024 being 17.19 million yuan, 23.96 million yuan, and 24.70 million yuan, respectively [8] Group 3 - The company's inventory reached 230 million yuan by the end of 2024, accounting for 42.35% of current assets, indicating potential issues with sales and inventory turnover [9] - Accounts receivable surged by 180% from 2022 to 2024, increasing from 15 million yuan to 42 million yuan, which raises concerns about cash flow [9] - The company has seen a continuous rise in return and exchange amounts, with total returns and exchanges in 2024 reaching 6.18% of total revenue [11] Group 4 - Future Materials has a complex ownership structure, with the actual controller being Zhang Jianhong, the founder of Dongyue Group, and a significant portion of shares being transferred to avoid risks associated with controlling shareholder recognition [13] - The company plans to use the funds raised from the IPO for various projects, including a 300 million square meter per annum perfluorinated proton membrane project and a 50,000 tons per annum melt-processable polytetrafluoroethylene project [14][15] - The company faces scrutiny due to its production processes, which involve hazardous materials and have been flagged for potential regulatory risks during the IPO inspection [15]