证券代码：002565 证券简称：顺灏股份 上海顺灏新材料科技股份有限公司投资者关系活动记录表 编号：2026-004 | 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 西部证券策略会 ☑ | | 参与单位名称与姓名 | 西部证券 温晓、张秋明；太平资产 朱云、郑涛；富国基金 徐鸿 博；瑞银基金 李耀徽；天弘基金 张秀磊；华富基金 黄星霖；野 | | | 村东方资管 黄佳斌；山西证券资管 薛淏天；西部证券自营 朱镭； | | | 诺鼎资产 曾宪钊；中金资管 韩诚；湘财基金 姜申；远希基金 周 | | | 文强；弥远投资 许鹏飞；北大方正人寿 付丹婷 | | 时间 | 2026 年 2 月 25 日（星期三）13:00-16:30 | | 地点 | 上海凯宾斯基大酒店 | | 上市公司接待人员姓 | 董事会秘书兼副总裁：杜云波先生 | | 名 | 证券事务代表：周晓峰先生 | | | 一、杜云波先生介绍公司整体业务情况和太空算力业务情况 | | | 公司坚持" ...

Group 1 - The core point of the news is that Shunhao Co., Ltd. experienced a stock price increase of 5.47%, reaching 16.59 yuan per share, with a trading volume of 1.028 billion yuan and a turnover rate of 6.07%, resulting in a total market capitalization of 17.585 billion yuan [1] - Shunhao Co., Ltd. is located in Shanghai and was established on December 21, 2004, with its listing date on March 18, 2011. The company specializes in the research, production, processing, and sales of products such as vacuum aluminum-coated paper, composite film paper, white cardboard, printed materials, and cigarette polypropylene fiber bundles [1] - The main business revenue composition of Shunhao Co., Ltd. includes printed materials (48.07%), aluminum-coated paper (30.03%), other (supplementary) (8.51%), composite film paper (5.56%), others (3.93%), optical anti-counterfeiting film (2.02%), new tobacco (1.65%), and white cardboard (0.23%) [1] Group 2 - From the perspective of fund holdings, one fund under Southern Fund has a significant position in Shunhao Co., Ltd. The Southern CSI 2000 ETF (159531) held 82,500 shares in the fourth quarter, accounting for 0.21% of the fund's net value, making it the sixth-largest holding [2] - The Southern CSI 2000 ETF (159531) was established on September 7, 2023, with a latest scale of 725 million yuan. Year-to-date returns are 9.58%, ranking 1146 out of 5569 in its category; the one-year return is 42.01%, ranking 1397 out of 4295; and since inception, the return is 52.65% [2] - The fund manager of Southern CSI 2000 ETF (159531) is Li Jialiang, who has a cumulative tenure of 9 years and 194 days, managing total fund assets of 9.189 billion yuan, with the best fund return during his tenure being 195.56% and the worst being -29.58% [2]

Group 1 - The core viewpoint of the news is that Shunhao Co., Ltd. has shown significant trading activity and financial performance indicators, with a notable increase in financing balance and a decrease in revenue [1][2]. Group 2 - On January 30, Shunhao Co., Ltd. experienced a stock price increase of 1.20%, with a trading volume of 2.048 billion yuan. The financing buy-in amount was 154 million yuan, while the financing repayment was 176 million yuan, resulting in a net financing outflow of 21.86 million yuan [1]. - As of January 30, the total financing and securities lending balance for Shunhao Co., Ltd. was 769 million yuan, which represents 4.29% of its circulating market value and is above the 80th percentile of the past year [1]. - The company has not engaged in securities lending activities on January 30, with no shares sold or repaid, indicating a high level of securities lending balance at 0.00 shares, which is above the 90th percentile of the past year [1]. Group 3 - As of September 30, the number of shareholders for Shunhao Co., Ltd. was 43,900, a decrease of 4.61% from the previous period. The average circulating shares per person increased by 4.83% to 24,123 shares [2]. - For the period from January to September 2025, Shunhao Co., Ltd. reported a revenue of 899 million yuan, a year-on-year decrease of 20.57%. However, the net profit attributable to the parent company was 67.319 million yuan, reflecting a year-on-year increase of 20.29% [2]. Group 4 - Since its A-share listing, Shunhao Co., Ltd. has distributed a total of 427 million yuan in dividends, with 68.8128 million yuan distributed over the past three years [3].

Group 1 - The stock of Shunhao Co., Ltd. fell by 5.83% on January 26, closing at 15.52 yuan per share, with a trading volume of 340 million yuan and a turnover rate of 1.99%, resulting in a total market capitalization of 16.451 billion yuan [1] - Shunhao Co., Ltd. specializes in the research, production, processing, and sales of products such as vacuum aluminum-coated paper, composite film paper, white cardboard, printed materials, and cigarette polypropylene fiber bundles, with the main business revenue composition being: printed materials 48.07%, aluminum-coated paper 30.03%, others (supplementary) 8.51%, composite film paper 5.56%, others 3.93%, optical anti-counterfeiting film 2.02%, new tobacco 1.65%, and white cardboard 0.23% [1] Group 2 - According to data from the top ten holdings of funds, one fund under Jiahe Fund holds Shunhao Co., Ltd. The Jiahe Jinyuan Return Mixed A Fund (011015) held 73,600 shares in the fourth quarter, accounting for 3.43% of the fund's net value, ranking as the seventh largest holding [2] - The Jiahe Jinyuan Return Mixed A Fund (011015) was established on March 23, 2021, with a latest scale of 29.7248 million yuan. Year-to-date return is 11.04%, ranking 1736 out of 9003 in its category; the one-year return is 25.37%, ranking 5005 out of 8185; and since inception, the return is 3.17% [2] Group 3 - The fund manager of Jiahe Jinyuan Return Mixed A Fund (011015) is Li Chao, who has been in the position for 4 years and 212 days. The total asset scale of the fund is 171.89 billion yuan, with the best fund return during his tenure being 15.86% and the worst being -11.57% [3]

Company Overview - Shunhao Co., Ltd. is located in Putuo District, Shanghai, and was established on December 21, 2004. The company went public on March 18, 2011. Its main business includes the research, production, processing, and sales of vacuum aluminum-coated paper, composite film paper, white cardboard, printed products, and cigarette polypropylene fiber bundles [1]. Business Revenue Composition - The revenue composition of Shunhao Co., Ltd. is as follows: printed products account for 48.07%, aluminum-coated paper for 30.03%, other (supplementary) products for 8.51%, composite film paper for 5.56%, others for 3.93%, optical anti-counterfeiting film for 2.02%, new tobacco for 1.65%, and white cardboard for 0.23% [1]. Stock Performance - On January 22, Shunhao Co., Ltd. saw a stock price increase of 5.37%, reaching 14.90 CNY per share, with a trading volume of 6.91 billion CNY and a turnover rate of 4.49%. The total market capitalization is 157.94 billion CNY [1]. Fund Holdings - According to data, one fund under Huatai Baoxing holds a significant position in Shunhao Co., Ltd. The Huatai Baoxing Jinianhong Mixed Fund A (016272) held 58,500 shares in the third quarter, representing 3.18% of the fund's net value, ranking it as the tenth largest holding. The estimated floating profit for today is approximately 44,500 CNY [2]. Fund Performance - The Huatai Baoxing Jinianhong Mixed Fund A (016272) was established on May 7, 2024, with a latest scale of 12.95 million CNY. Year-to-date, it has achieved a return of 6.8%, ranking 3300 out of 8843 in its category. Over the past year, it has returned 57.7%, ranking 1302 out of 8096, and since inception, it has returned 65.26% [2]. Fund Manager Information - The fund managers of Huatai Baoxing Jinianhong Mixed Fund A (016272) are Zhao Jian and Huang Junqing. Zhao Jian has a tenure of 7 years and 227 days, with a total fund asset size of 70.90 million CNY, achieving a best return of 95.13% and a worst return of -36.16% during his tenure. Huang Junqing has a tenure of 260 days, with a total fund asset size of 77.35 million CNY, achieving a best return of 10.75% and a worst return of -6.15% during his tenure [3].

Group 1 - The core point of the news is that Shunhao Co., Ltd. experienced a stock decline of 5.11%, with a current share price of 15.05 yuan, a trading volume of 598 million yuan, and a market capitalization of 15.953 billion yuan [1] - Shunhao Co., Ltd. specializes in the research, production, processing, and sales of various products, including vacuum aluminum-coated paper, composite film paper, white cardboard, printed materials, and tobacco fiber bundles [1] - The main revenue composition of the company includes printed materials (48.07%), aluminum-coated paper (30.03%), and other products such as composite film paper (5.56%) and optical anti-counterfeiting film (2.02%) [1] Group 2 - Huatai Baoxing Fund has a significant holding in Shunhao Co., Ltd., with the Huatai Baoxing Jinianhong Mixed Fund A (016272) holding 58,500 shares, representing 3.18% of the fund's net value, ranking as the tenth largest holding [2] - The Huatai Baoxing Jinianhong Mixed Fund A has a total scale of 12.9528 million, with a year-to-date return of 10.75% and a one-year return of 64.51% [2] - The fund manager Zhao Jian has a tenure of 7 years and 225 days, with the best fund return during his tenure being 94.43% [3]

Group 1 - The core viewpoint of the news is that Shunhao Co., Ltd. has experienced significant stock price increases and trading activity, indicating strong market interest and potential investor confidence [1][2]. - As of January 12, Shunhao's stock price rose by 24.11% year-to-date, with a 28.46% increase over the last five trading days, a 56.90% increase over the last 20 days, and a remarkable 220.42% increase over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a trading board for stocks with significant trading volume) three times this year, with the latest appearance on January 8, where it recorded a net buying of 209 million yuan [1]. Group 2 - Shunhao Co., Ltd. was established on December 21, 2004, and went public on March 18, 2011. Its main business includes the research, production, processing, and sales of various paper products [2]. - The company's revenue composition is as follows: printing products 48.07%, aluminum-coated paper 30.03%, and other categories including composite paper, optical anti-counterfeiting film, and new tobacco products [2]. - As of September 30, the number of shareholders decreased by 4.61% to 43,900, while the average circulating shares per person increased by 4.83% to 24,123 shares [2]. Group 3 - Shunhao Co., Ltd. has distributed a total of 427 million yuan in dividends since its A-share listing, with 68.81 million yuan distributed over the past three years [3].

Company Overview - Shanghai Shunhao New Materials Technology Co., Ltd. is located at 200 Zhenchen Road, Putuo District, Shanghai, established on December 21, 2004, and listed on March 18, 2011 [2] - The company's main business includes research, production, processing, and sales of vacuum aluminum-coated paper, composite film paper, white cardboard, printed products, and cigarette polypropylene fiber bundles [2] - The revenue composition of the main business is as follows: printed products 48.07%, aluminum-coated paper 30.03%, others (supplement) 8.51%, composite film paper 5.56%, others 3.93%, optical anti-counterfeiting film 2.02%, new tobacco 1.65%, white cardboard 0.23% [2] Financial Performance - For the period from January to September 2025, the company achieved operating revenue of 899 million yuan, a year-on-year decrease of 20.57%, while the net profit attributable to the parent company was 67.319 million yuan, a year-on-year increase of 20.29% [2] - The company has cumulatively distributed cash dividends of 427 million yuan since its A-share listing, with a total of 68.8128 million yuan distributed over the past three years [3] Stock Performance - On January 9, the stock price of Shunhao increased by 2.01%, reaching 21.84 yuan per share, with a trading volume of 3.171 billion yuan and a turnover rate of 14.03%, resulting in a total market capitalization of 23.15 billion yuan [1] - Year-to-date, the stock price has risen by 19.15%, with a 5-day increase of 19.15%, a 20-day increase of 62.14%, and a 60-day increase of 201.66% [1] - The company has appeared on the daily trading leaderboard three times this year, with the most recent appearance on January 8, where it recorded a net purchase of 209 million yuan [1]

Core Viewpoint - The stock of Shunhao Co., Ltd. has shown significant growth in recent trading sessions, with a notable increase in both price and trading volume, indicating strong market interest and potential investment opportunities [1][2]. Group 1: Stock Performance - On January 8, Shunhao's stock price increased by 4.83%, reaching 20.40 CNY per share, with a trading volume of 1.122 billion CNY and a turnover rate of 5.23%, resulting in a total market capitalization of 21.624 billion CNY [1]. - Year-to-date, Shunhao's stock has risen by 11.29%, with a 22.45% increase over the last five trading days, a 54.55% increase over the last 20 days, and a remarkable 187.32% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on January 7, where it recorded a net purchase of 133 million CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, Shunhao achieved a revenue of 899 million CNY, representing a year-on-year decrease of 20.57%, while the net profit attributable to shareholders was 67.319 million CNY, reflecting a year-on-year increase of 20.29% [2]. - Cumulatively, since its A-share listing, Shunhao has distributed a total of 427 million CNY in dividends, with 68.8128 million CNY distributed over the past three years [3]. Group 3: Company Overview - Shunhao Co., Ltd., established on December 21, 2004, and listed on March 18, 2011, is located in Shanghai and specializes in the research, production, processing, and sales of various products, including vacuum aluminum-coated paper and printed materials [2]. - The company's main revenue sources include printed materials (48.07%), aluminum-coated paper (30.03%), and other products [2]. - Shunhao is classified under the light industry manufacturing sector, specifically in packaging and printing, and is associated with concepts such as green packaging and commercial aerospace [2].

Core Viewpoint - The company is committed to a dual development strategy focusing on "environmentally friendly low-carbon new materials + biological health," with four main business areas: special environmentally friendly paper, printing products, industrial hemp deep processing, and new tobacco products [1] Group 1: Business Overview - The company has a strong foundation in the research, production, and sales of special anti-counterfeit environmentally friendly paper, which was its main business at the time of listing in 2011 [1] - The special anti-counterfeit environmentally friendly paper business includes vacuum aluminum foil paper and laser anti-counterfeit materials, primarily used in specific consumer goods and social consumer goods industries [1] - The printing business operates mainly through bidding projects, allowing the company to secure orders and produce according to customer specifications, offering high stability, large volume, multiple batches, high precision, strong anti-counterfeiting, and environmental friendliness [1] Group 2: New Business Ventures - Since its listing, the company has actively sought a second growth curve, expanding into new tobacco and industrial hemp businesses [1] - The industrial hemp business is primarily conducted by its wholly-owned subsidiary in Yunnan, focusing on the extraction and processing of CBD and other rare cannabinoids for domestic and export markets [1] - The new tobacco business is developed through its subsidiaries, which have established a certain scale of business revenue [1] Group 3: Strategic Investments - In June 2025, the company invested 110 million RMB to acquire a 19.30% stake in Beijing Rail Data Technology Co., which specializes in space data centers [1] - The company aims to leverage its platform and the technological advantages of both parties to explore more opportunities in the new materials sector [1]