坤泰股份 20251212 摘要 坤泰股份作为国内 BCF 纤维自主生产的龙头企业，全球布局烟台、美国、 墨西哥三大生产基地，并计划 2026 年新增摩洛哥基地，主要为宝马、 奥迪、蔚来等汽车品牌提供配套产品。 公司前三季度利润增长主要依赖海外墨西哥和摩洛哥基地，国内产能利 用率稳定。净利润下滑主因海外扩产项目未达 SOP 时间，预计 2026 年 下半年逐步放量，目前设备已安装调试。 为应对关税影响，坤泰股份设立墨西哥子公司，关闭美国子公司，与全 球零部件品牌合作在北美布局，已获 Robot Taxi 等项目定点，但需关 注北美市场变化。 国内市场方面，坤泰股份专注与优质客户合作，通过降本增效提升毛利 率，三季度毛利率有所上升。公司避开国内内卷，重点拓展欧美市场， 寻求全球领先地位。 汽车软内饰材料市场空间广阔，簇绒地毯单价约 30 元/平方米，针刺地 毯约 15 元/平方米，单车使用成本 200-400 元，市场容量巨大，公司产 品包括 BCF 纤维、簇绒地毯和汽车脚垫。 Q&A 请介绍一下坤泰股份的基本情况以及公司的主要产品和市场布局。 坤泰股份成立于 2009 年，总部位于烟台市，主营汽车软内饰材料的 ...

Core Viewpoint - Chinese automotive interior materials manufacturer Kuntai Company is investing 100 million RMB (approximately 13.7 million USD) to establish a car mat factory in Morocco through its subsidiary Kuntai Hongjing Limited [1] Investment Details - The new factory will integrate research and development, production, and sales of automotive mats [1] - The project will develop a service network in Europe to meet regional customer demands [1] - The investment will be fully funded by the company's own capital, avoiding significant debt [1] - The implementation of the project will be phased based on market development and operational progress [1]

Group 1: Overview of Yihe New District - Yihe New District is experiencing significant industrial vitality, with a focus on "intelligent manufacturing" and innovation-driven development [2][10] - The district aims to achieve an industrial output value of 89.29 billion yuan in 2024, with a growth rate of 10% [2] Group 2: Gree Electric - Gree Electric's new manufacturing base in Yihe New District is the largest intelligent manufacturing project in Northern China, with a production capacity of 325,000 air conditioners and a revenue of 479 million yuan in Q1 2025, representing a 164% year-on-year increase [3][4] - The base integrates industrial robots and smart warehousing, achieving over 90% automation in the production process [3] Group 3: Yuanshun Technology - Yuanshun Technology has transformed from a small workshop to a smart factory, targeting an annual output value of 3 billion yuan, with a new investment of 1.2 billion yuan planned for 2024 [5][7] - The company has received multiple accolades for its advancements in digital and intelligent manufacturing, including partnerships with Fudan University for industrial robotics [5][6] Group 4: Jinli Hydraulic - Jinli Hydraulic's new project has turned previously idle land into a productive site, with an expected annual output value increase of 3 billion yuan [8][9] - The district has implemented innovative land management strategies, resulting in a significant increase in land supply and efficiency, with 6,621 acres of land allocated for industrial use in 2024 [9] Group 5: Overall Industrial Transformation - The transformation of traditional manufacturing to intelligent manufacturing is evident in the Yihe New District, with various companies adopting advanced technologies such as AI and 5G [6][10] - The district's comprehensive reforms, including land revitalization and financial support, are driving the growth of industrial clusters and enhancing overall productivity [7][10]

Group 1 - The core viewpoint of the news is that the Linyi Yihe New District is actively promoting industrial development through reforms, focusing on high-quality growth and efficient resource utilization [1][11] - The district has established 11 characteristic parks to enhance the development of key industries such as intelligent manufacturing and circular economy, attracting over 30 large-scale enterprises and more than 200 small enterprises to the Phoenix Hardware Intelligent Manufacturing Industrial Park [2][4] - The district aims for a 10% growth in industrial output value and a 9.1% increase in industrial added value for the year 2024, alongside an 8.5% rise in fixed asset investment [1] Group 2 - Linyi Yihe New District has implemented innovative land management strategies, clearing 4,700 acres of idle land and generating 32.9 billion yuan in land transfer fees, which is 7.7 times that of 2023 [4] - The district has set up a 6.8 billion yuan industrial fund system to leverage social capital and support enterprise development, integrating resources and enhancing collaboration between enterprises and educational institutions [5] - The establishment of the Alibaba Global AliExpress (Linyi) Cross-Border E-commerce Industrial Park aims to achieve an import-export volume of over 10 billion yuan in the first year, with plans to reach 20 billion yuan within three years [9] Group 3 - The district has optimized administrative services, allowing enterprises to handle approvals locally without visiting the administrative approval service bureau, thus improving efficiency [7][8] - A collaborative agreement with 63 cities and counties has been signed to facilitate cross-regional administrative processes, aiming to reduce bureaucratic hurdles for businesses [10] - The restructuring of the district's internal mechanisms has led to a more dynamic and responsive governance model, enhancing the overall business environment and fostering a culture of innovation and accountability [11][12]

（住所：山东省烟台市福山区白云山路 75 号） 保荐机构（主承销商） 1 股票简称：坤泰股份 股票代码：001260 Shandong Kuntai New Material Technology Co., Ltd. 首次公开发行股票上市公告书 山东坤泰新材料科技股份有限公司 （深圳市红岭中路 1012 号国信证券大厦十六层至二十六层） 特别提示 本公司股票将于2023年2月16日在深圳证券交易所上市。本公司提醒投资者 应充分了解股票市场风险及本公司披露的风险因素，在新股上市初期切忌盲目 跟风"炒新"，应当审慎决策、理性投资。 如无特别说明，本上市公告书中的简称或名词的释义与本公司首次公开发 行股票招股说明书中的相同。如本上市公告书中合计数与各加数直接相加之和 在尾数上存在差异，系四舍五入所致。 2 第一节 重要声明与提示 山东坤泰新材料科技股份有限公司（以下简称"坤泰股份"、"本公司"、"公 司"或"发行人"）及全体董事、监事、高级管理人员保证上市公告书的真实性、 准确性、完整性，承诺上市公告书不存在虚假记载、误导性陈述或重大遗漏， 并依法承担法律责任。 深圳证券交易所、有关政府机关对本公司股票上市及有关事 ...

山东坤泰新材料科技股份有限公司 Shandong Kuntai New Material Technology Co., Ltd. （住所：山东省烟台市福山区白云山路 75 号） 公司负责人和主管会计工作的负责人、会计机构负责人保证招股说明书及其 摘要中财务会计资料真实、完整。 首次公开发行股票招股说明书摘要 保荐人（主承销商） （住所：深圳市红岭中路 1012 号国信证券大厦十六层至二十六层） 山东坤泰新材料科技股份有限公司 招股说明书摘要 声明及承诺 本招股说明书摘要的目的仅为向公众提供有关本次发行的简要情况，并不包 括招股说明书全文的各部分内容。招股说明书全文同时刊载于深圳证券交易所网 站。投资者在做出认购决定之前，应仔细阅读招股说明书全文，并以其作为投资 决定的依据。 投资者若对本招股说明书及其摘要存在任何疑问，应咨询自己的股票经纪 人、律师、会计师或其他专业顾问。 发行人及全体董事、监事、高级管理人员承诺招股说明书及其摘要不存在虚 假记载、误导性陈述或重大遗漏，并对招股说明书及其摘要的真实性、准确性、 完整性承担个别和连带的法律责任。 保荐人承诺因其为发行人首次公开发行制作、出具的文件有虚假记载、误 ...

山东坤泰新材料科技股份有限公司 Shandong Kuntai New Material Technology Co., Ltd. （住所：山东省烟台市福山区白云山路 75 号） 首次公开发行股票招股意向书摘要 保荐人（主承销商） （住所：深圳市红岭中路 1012 号国信证券大厦十六层至二十六层） 山东坤泰新材料科技股份有限公司 招股意向书摘要 声明及承诺 本招股意向书摘要的目的仅为向公众提供有关本次发行的简要情况，并不包 括招股意向书全文的各部分内容。招股意向书全文同时刊载于深圳证券交易所网 站。投资者在做出认购决定之前，应仔细阅读招股意向书全文，并以其作为投资 决定的依据。 投资者若对本招股意向书及其摘要存在任何疑问，应咨询自己的股票经纪 人、律师、会计师或其他专业顾问。 发行人及全体董事、监事、高级管理人员承诺招股意向书及其摘要不存在虚 假记载、误导性陈述或重大遗漏，并对招股意向书及其摘要的真实性、准确性、 完整性承担个别和连带的法律责任。 公司负责人和主管会计工作的负责人、会计机构负责人保证招股意向书及其 摘要中财务会计资料真实、完整。 保荐人承诺因其为发行人首次公开发行制作、出具的文件有虚假记载、误 ...

4-1-1 | 业务报备统一编码: | 110100322022148012550 | | --- | --- | | 报告名称: | 坤泰股份公司审计报告 | | 报告文号: | 容诚审字[2022]100Z0308 号 | | 被审(验)单位名称: | 山东坤泰新材料科技股份有限公司 | | 会计师事务所名称: | 容诚会计师事务所(特殊普通合伙) | | 业务类型: | 财务报表审计 | | 报告意见类型: | 无保留意见 | | 报告日期: | 2022 年 09 月 23 日 | | 报备日期: | 2022 年 09 月 23 日 | | | 纪玉红(110002170010), | | 答字人员: | 李成林(110100320099), | | | 赵海蕊(110100320195) | | (可通过扫描二维码或登录北京注协官网输入编码的方式查询信息) | | 容诚审字[2022]100Z0308 号 山东坤泰新材料科技股份有限公司全体股东: 一、审计意见 4-1-2 | 字号 | 内 容 | Do fre | | --- | --- | --- | | 1 | 审计报告 | 1-6 | | ...