证券代码：603212 证券简称：赛伍技术 公告编号：2025-035 苏州赛伍应用技术股份有限公司 2025 年第二季度主要经营数据公告 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、准确性和完整性承担个别及连带责任。 苏州赛伍应用技术股份有限公司（以下简称"公司"）根据上海证券交易所《上海 证券交易所上市公司自律监管指引第 3 号——行业信息披露》有关规定和披露要求，现 将 2025 年第二季度主要经营数据披露如下： 二、 主要产品和原材料的价格变动情况 （一）主要产品价格变动情况（不含税） | 主要产品名称 | 2025年第二季度 平均销售单价 | 2024年第二季度 平均销售单价 | 变动比例 | | --- | --- | --- | --- | | | （元/平米） | （元/平米） | （%） | | 太阳能封装胶膜 | 5.28 | 7.40 | -28.66 | | 太阳能背板 | 7.65 | 7.31 | 4.71 | （二）主要原材料价格变动情况（不含税） | 主要原材料名称 | 2025年第二季度 | 2024年第二季度 | 变 ...

Core Viewpoint - Mingguan New Materials (SH688560) reported a loss for the first half of 2025, marking the company's first semi-annual loss since its listing, with significant declines in revenue and net profit compared to the previous year [1][2]. Financial Performance - The company's operating revenue for the first half of 2025 was approximately 381.89 million, a decrease of 36.85% year-on-year [2]. - The total profit for the period was -53.25 million, representing a decline of 762.99% compared to the previous year [2]. - The net profit attributable to shareholders was -52.71 million, down 713.54% year-on-year [2]. - The net profit after deducting non-recurring gains and losses was -54.72 million, a decrease of 974.65% compared to the same period last year [2]. - The basic earnings per share were -0.26 [2]. Profitability Metrics - The gross margin for the first half of 2025 was -2.41%, a decrease of 10.70 percentage points year-on-year [3]. - The net profit margin was -13.80%, down 15.22 percentage points compared to the previous year [3]. Expense Analysis - The company's period expenses totaled 24.06 million, a reduction of 1.01 million from the previous year [3]. - The expense ratio was 6.30%, an increase of 0.65 percentage points year-on-year [3]. - Sales expenses decreased by 17.97%, management expenses decreased by 1.04%, R&D expenses decreased by 29.96%, and financial expenses decreased by 7.10% compared to the previous year [3]. Revenue Decline Reasons - The decline in operating revenue was primarily attributed to the impact of technological iterations in photovoltaic cells, leading to a significant decrease in sales volume of solar cell backsheets [3]. - Although sales volume of solar encapsulation films increased year-on-year, the selling prices decreased due to intensified market competition [3]. Executive Compensation - The chairman and general manager of Mingguan New Materials, Yan Hongjia, received a salary of 932,000 in 2024, a decrease of 59.95% compared to the previous year's salary of 2.33 million [5]. Company Background - Mingguan New Materials was established in November 2007 and is located in Yichun Economic and Technological Development Zone, Jiangxi Province [6]. - The company specializes in the research, production, and sales of new composite membrane materials [6].

Core Viewpoint - Mingguan New Materials (688560) reported a significant decline in financial performance for the first half of 2025, with net profit down 713.54% and total revenue down 36.85% compared to the previous year [1] Financial Performance Summary - Total revenue for the first half of 2025 was 382 million yuan, a decrease of 36.85% from 605 million yuan in 2024 [1] - The net profit attributable to shareholders was -52.71 million yuan, a decline of 713.54% from 8.59 million yuan in the previous year [1] - The gross margin fell to -2.41%, a decrease of 129.02% year-on-year, while the net margin dropped to -13.8%, down 1071.63% [1] - Operating cash flow per share was -0.82 yuan, a decrease of 373.16% compared to 0.3 yuan in 2024 [1] Key Financial Metrics - The company reported a significant increase in accounts receivable, with a change of 85.55% due to increased operating income [3] - Construction in progress decreased by 66.51% as it was transferred to fixed assets [4] - Short-term borrowings decreased by 100% due to a reduction in discounted notes [5] - Contract liabilities increased by 50.38% due to an increase in advance payments [6] - Accounts payable increased by 33.75% as a result of increased operating income [12] Business Evaluation - The company's historical return on invested capital (ROIC) has been relatively low, with a median ROIC of 8.17% since its listing, indicating a weak business model [12] - The company has experienced two years of losses since its listing, highlighting the fragility of its business model [12] Debt and Cash Flow Analysis - The company maintains a healthy cash asset position, which is crucial for its debt repayment capabilities [13] - The net cash flow from operating activities decreased by 373.16%, attributed to the company's collection practices and losses during the period [12] Future Considerations - The company is under scrutiny regarding the progress of its aluminum-plastic film project, which may face delays depending on market demand [14]

Core Viewpoint - The 2024 annual shareholder meeting of Suzhou Saiwu Application Technology Co., Ltd. will address the company's operational challenges, including a significant revenue decline and a net loss for the first time, while also discussing governance and future plans [3][4][23]. Meeting Details - The meeting is scheduled for May 20, 2025, at 14:00, located at the company's headquarters in Suzhou [2][3]. - The chairman, Mr. Wu Xiaoping, will host the meeting, which will include the introduction of attendees and the reading of meeting guidelines [3][4]. Financial Performance - The company reported a revenue of 3.004 billion yuan in 2024, a decrease of 27.89% year-on-year, primarily due to falling prices of solar back sheets and films [3][4]. - The net profit attributable to shareholders was -285 million yuan, marking the first loss in the company's history, attributed to increased competition and price declines in the photovoltaic industry [3][4][23]. - Operating cash flow was reported at 365 million yuan, a significant increase of 1381.36%, indicating healthy cash flow management despite the overall loss [3][4]. Governance and Decision-Making - The board of directors emphasized compliance with legal regulations and the importance of maintaining shareholder rights during the meeting [2][4]. - Various proposals will be presented for approval, including the 2024 annual report, financial statements, and the decision not to distribute dividends due to the net loss [23][24]. Future Outlook - The board plans to enhance governance structures and investor relations, focusing on long-term development and maintaining stable cash flow [14][20]. - The company aims to provide guarantees for its subsidiaries to support their operational needs, with a proposed guarantee amount of up to 1.8 billion yuan for 2025 [25].

证券代码：603212 证券简称：赛伍技术 公告编号：2025-019 苏州赛伍应用技术股份有限公司 2025 年第一季度主要经营数据公告 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、准确性和完整性承担个别及连带责任。 苏州赛伍应用技术股份有限公司（以下简称"公司"）根据上海证券交易所《上海 证券交易所上市公司自律监管指引第 3 号——行业信息披露》有关规定和披露要求，现 将 2025 年第一季度主要经营数据披露如下： 二、 主要产品和原材料的价格变动情况 | （一）主要产品价格变动情况（不含税） | | --- | | 主要产品名称 | 2025年第一季度 | 2024年第一季度 | 变动比例 | | --- | --- | --- | --- | | | 平均销售单价 | 平均销售单价 | （%） | | | （元/平米） | （元/平米） | | | 太阳能封装胶膜 | 5.15 | 7.61 | -32.33 | | 太阳能背板 | 8.24 | 8.27 | -0.36 | （二）主要原材料价格变动情况（不含税） | 主要原材料名称 | 20 ...

2024 年度主要经营数据公告 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、准确性和完整性承担个别及连带责任。 苏州赛伍应用技术股份有限公司（以下简称"公司"）根据上海证券交易所《上海 证券交易所上市公司自律监管指引第 3 号——行业信息披露》有关规定和披露要求，现 将 2024 年度主要经营数据披露如下： 二、 主要产品和原材料的价格变动情况 | 主要产品名称 | 2024年度 平均销售单价 | 2023年度 平均销售单价 | 变动比例 | | --- | --- | --- | --- | | | | | （%） | | | （元/平米） | （元/平米） | | | 太阳能封装胶膜 | 6.15 | 9.16 | -32.86 | | 太阳能背板 | 6.81 | 9.07 | -24.92 | 证券代码：603212 证券简称：赛伍技术 公告编号：2025-018 苏州赛伍应用技术股份有限公司 （一）主要产品价格变动情况（不含税） 特此公告。 苏州赛伍应用技术股份有限公司董事会 2025 年 4 月 30 日 一、主要产品的产量、销量及收入实现 ...

Group 1 - Baixing Group's subsidiary, Changzhou Bairuixingyang Enterprise Management Co., Ltd., will acquire control of Tianyang New Materials, marking Baixing Group's first listing platform [1][3] - The acquisition involves a share transfer agreement where Baixingyang will acquire a total of 21.35% of Tianyang New Materials' shares, with the first phase priced at approximately 488 million yuan for 15.35% of the shares [3][4] - After the equity change, Baixingyang will become the controlling shareholder, with the actual controllers being Ru Boxing and Ru Zhengwei, who are also the major shareholders of Baixing Group [4][5] Group 2 - Baixing Group has previously attempted to push its assets for an IPO but withdrew its application in 2024, indicating challenges in capital market access [1][7] - Tianyang New Materials has faced significant financial difficulties, with expected continued losses, projecting a net loss of between 1.6 billion to 2.2 billion yuan for 2024 [11][12] - The company has seen a decline in profitability since its peak in 2021, where it reported a net profit of approximately 110 million yuan, followed by losses in 2022 and 2023 [11][12] Group 3 - Baixing Group's financial capacity is under scrutiny, with a reported cash balance of 774 million yuan and a commitment to fund the acquisition through self-raised funds, not exceeding 60% of the transaction price [5] - The market reacted negatively to the news of the acquisition, with Tianyang New Materials' stock dropping by 6.86% on April 9, 2024 [12] - Experts suggest that if the new controlling shareholders can leverage their resources effectively, there may be potential for asset injections to improve the company's performance [12]