科创板公司泛亚微透(688386.SH)加快扩产步伐。 8月26日，泛亚微透发布2025年度向特定对象发行股票预案(以下简称"预案")，拟向不超过35名合格投 资者发行股份不超过2730万股，募资总额不超过6.99亿元，发行价不低于发行期首日前20个交易日均价 的80%。 根据公告，扣除费用后本次募资拟投向4个项目：CMD智能制造技改扩产、6G通信用低介电损耗FCCL 挠性覆铜板产业化、研发中心建设及补充流动资金，拟投入金额分别为1.19亿元、2.16亿元、1.54亿元 和2.09亿元。 其中，针对"CMD产品智能制造技改扩产项目"，公司拟租赁场地并对部分生产车间进行升级改造，通 过引入自动化、智能化生产和检测设备，全面提升CMD产品的智能制造水平。该项目实施后，CMD产 品的生产制造对人工的依赖程度将显著降低，生产效率和产品质量将进一步提高。 近年来，泛亚微透CMD产品的销售收入保持高速增长，2022年—2024年，CMD产品销售收入年均复合 增长率为101%，在主营业务收入中的占比从2022年的5.69%快速提升至2024年的16.13%。 随着汽车电气化、智能化趋势的快速发展，以及相关产品在户外储能、安 ...

事件：8 月26 日晚，公司发布2025 年半年度报告，1H25 公司实现营业总收入2.84 亿元，同比 +25.65%；实现归母净利润0.54 亿元，同比+27.57%；实现扣非归母净利润0.54 亿元，同比+27.29%。 2Q25 公司实现营业总收入1.53 亿元，同比+24.84%；实现归母净利润0.30 亿元，同比+17.39%；实现扣 非归母净利润0.30 亿元，同比+17.23%。 不断推进进口替代的力度，公司1H25 业绩同比增长。1H25 公司业绩同比增长主要原因系公司积极拓展 市场，优化产品结构，持续推进进口替代，各类产品销量均有所增长提升。分板块来看，公司ePTFE 微透产品实现营收1.02亿元，同比+41.70%；CMD 及气体管理产品实现营收0.69 亿元，同比+9.66%； 气凝胶产品实现营收0.31亿元，同比+5.47%；高性能线束产品实现营收0.08亿元，同比+892.98%。 坚持"市场利基、产品多元"方针，持续开发新产品和新应用领域。报告期内，公司坚持"市场利基、产 品多元"的战略方针，围绕公司核心技术，积极布局新的应用领域。在汽车领域，公司围绕汽车"新四 化"积极拓展新材 ...

面没有发生重大不利变化； 证券代码：688386 证券简称：泛亚微透 公告编号：2025-051 江苏泛亚微透科技股份有限公司 及填补回报措施和相关主体承诺的公告 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、准确性和完整性承担个别及连带责任。 江苏泛亚微透科技股份有限公司（以下简称"公司"）于2025年8月26日召 开第四届董事会第八次会议审议通过了公司本次向特定对象发行股票的相关议 案。根据《国务院办公厅关于进一步加强资本市场中小投资者合法权益保护工作 的意见》（国办发[2013]110号）、《国务院关于进一步促进资本市场健康发展 的若干意见》（国发[2014]17号）和《关于首发及再融资、重大资产重组摊薄即 期回报有关事项的指导意见》（中国证券监督管理委员会公告[2015]31号）等文 件的有关规定，为保障中小投资者利益，公司就本次向特定对象发行股票事宜对 即期回报摊薄的影响进行了分析并提出了具体的填补回报措施，相关主体对公司 填补回报措施能够得到切实履行作出了承诺，具体如下： 一、本次发行摊薄即期回报对公司主要财务指标的影响 （一）财务测算主要假 ...

本次监测周期内，安踏、乔丹和李宁以1.85、1.83、1.81的综合热度位列榜单综合热度前三。 图 | 制 排名 | | | | | | --- | --- | --- | --- | --- | | 01 | ANTA | 安牆 | 1.85 | - | | 02 | | 势 | 1.83 | NEW | | 03 | | 李宁 | 1.81 | ▲ 1 | | 04 | | 斯凯奇 | 1.67 | NEW | | 05 | | 阿迪达斯 | 1.64 | ▲ 2 | | 06 | > ## | 特步 | 1.63 | - | | 07 | NIKE | 耐克 | 1.55 | ▼ 5 | | 08 | | 始祖鸟 | 1.40 | - | | 09 | NONEX | 尤尼克斯 | 1.29 | ▲ 1 | | 10 | | 凯乐石 | 1.14 | ▲ 5 | | 012 | | 迪卡依 | 1.01 | NEW | | 12 | | 探路者 | 0.98 | NEW | | 13 | LEK | 匹克 | 0.93 | | | 14 | Dasics | 亚瑟士 | 0.85 | NEW | | 1 ...

Core Insights - The third China International Supply Chain Promotion Expo showcased over 30 companies and institutions demonstrating key technologies and products in the automotive industry, highlighting collaborative innovation and development within the supply chain [1][2]. Group 1: Company Innovations - Baosteel presented its latest fifth-generation platformized and integrated pure electric vehicle body, aiming to transition from a raw material supplier to a solution provider [1]. - The company emphasized early-stage collaboration with automotive manufacturers to optimize materials based on cost, weight, and carbon emission targets during vehicle design [1]. - Hunan Shibite Robot Co., Ltd. showcased its self-developed automotive paint defect detection technology, reflecting advancements in quality assurance within the automotive supply chain [2][6]. Group 2: Supply Chain Collaboration - The expo highlighted the importance of open cooperation and collaborative development in the automotive industry, with companies like Rio Tinto and Baosteel demonstrating integrated supply chain solutions from raw materials to vehicle bodies [2]. - The introduction of the "factory within a factory" model by Seres Group allows for localized production and supply, significantly enhancing production efficiency [4]. - Tesla's local supply chain achievements were showcased, with over 95% localization of components and a vehicle rolling off the Shanghai factory every 30 seconds [4]. Group 3: Technological Advancements - Tesla also displayed a humanoid robot that utilizes electric vehicle technology, indicating the potential for expanded applications of EV technology [5]. - Black Sesame Intelligent Technology Co., Ltd. presented various chips focused on advanced driving assistance and cross-domain computing, which can also be applied in humanoid robots [5]. - Aibiai and New Materials Co., Ltd. introduced aerogel products for automotive battery thermal protection, which currently account for 80% of their revenue, while also exploring broader applications in construction and industry [7].

Core Viewpoint - The shareholders of Pan-Asia Micro-Pore (688386.SH) plan significant share reductions, citing personal funding needs and long-term investment recovery as reasons for the divestment [1][2]. Shareholder Reduction Plan - Shareholders Changzhou Sequoia High-tech Venture Capital Center and Jiangsu Southern Precision Engineering hold 8.36% and 7.34% of the company, respectively, and plan to reduce their holdings by up to 280,000 shares and 210,000 shares, representing 4% and 3% of the total share capital [1]. - The reduction will occur within three months after the announcement, through centralized bidding and block trading [1]. Stock Performance - Since the beginning of the year, the stock price of Pan-Asia Micro-Pore has increased from approximately 28 CNY per share to a peak of 59.49 CNY per share, more than doubling [2]. - As of May 7, the closing price was 54.04 CNY per share, and if the maximum reduction occurs, the shareholders could realize approximately 265 million CNY [2]. Financial Performance - In 2020, the company reported revenues of 278 million CNY and a net profit of 55.27 million CNY, marking year-on-year growth of 13.23% and 26.37% [3]. - In 2021, revenue continued to grow, but net profit decreased by 52.79% in 2022 to 31.34 million CNY despite revenue growth to 364 million CNY [3]. - In 2023, the company reversed its fortunes with revenues of 411 million CNY and a net profit of 86.54 million CNY, reflecting year-on-year growth of 12.64% and 176.08% [3]. - Projections for 2024 indicate further growth, with expected revenues of 515 million CNY and a net profit of 99.16 million CNY, representing increases of 25.39% and 14.58% [3]. Cash Flow and Operational Insights - In Q1 2023, the company reported a negative operating cash flow of -2.83 million CNY, a decline of 118.60% year-on-year [4]. - The increase in net profit is attributed to higher sales of core technology products, including ePTFE micro-pore products and aerogel products, while cash flow issues stem from reduced receivables and increased payroll expenses [4].