瑞财经王敏近日，湖南恒兴新材料科技股份有限公司（以下简称"恒兴股份"）北交所IPO获受理，保荐机构为财信证券，保荐代表人为冯 海轩、肖陆平，会计师事务所为天健。 招股书显示，恒兴股份成立于1996年3月，是一家专注于紫外光（UV）固化涂料和PUR热熔胶研发、生产和销售的高新技术企业，是国 家级专精特新"小巨人"企业。公司产品主要应用于PVC地板、木器、PVC封边条等轻工产品的表面涂装和粘合，同时，公司积极拓展产 品在消费、汽车领域的应用。 公司深耕UV涂料行业近二十年，已经发展成为PVC地板用UV涂料行业内领先企业。客户包括爱丽家居（603221.SH）、易华润东、泰州 华丽、浙江晶通、佳适逸宝、肯帝亚、常州贝美、上海劲嘉、财纳福诺、江苏正永等。 业绩方面，2022年至2024年（报告期内），公司营业收入分别为6.52亿元、7.55亿元和8.79亿元，归母净利润分别为0.46亿元、1.13亿元 和1.1345亿元。 李皞丹直接持有公司1699.43万股股份，占公司股本总额的27.01%，通过湘恒企间接控制公司3510.00万股股份，占公司股本总额的 55.79%，合计控制公司82.81%的表决权，且担任公司董 ...

近日，焦点国际向港交所递交招股书，拟在香港主板上市，保荐人为建泉融资。 焦点国际成立于2014年，起初是国际品牌吸收性卫生产品的代加工商。公司逐步开拓中国自有品牌市场，目前主要从事制造及销售吸收性卫生产品，以及销 售卫生产品材料。 公司卫生产品分三大类，包括婴儿护理、女性护理和成人失禁产品。在婴儿护理领域，拥有"全棉小时光"、"焦点宝贝"、"贝姆乐"等品牌；女性护理产品则 以"薇月"及"蓝棉花"为代表。2024年5月前，公司曾以"贴伴"经营成人失禁产品线，之后虽停止该品牌运营，但仍为第三方代工生产。 卫生产品材料业务方面，公司采购原材料并将其加工成SAP、热熔胶、无纺布等标准化材料。公司将这些标准化材料供应给卫生产品材料客户，主要是其他 海外吸收性卫生产品制造商及卫生产品材料转售商。 营收利润上涨，品牌产品业务增幅显著 焦点国际的营收从2022年的1.81亿元，增长到2023年的3.72亿元，再到2024年的4.47亿元。同期，年内利润分别为1226.5万元、3946.7万元、6560.5万元，呈 现稳步增长态势。毛利率也随之上升，2022-2024年分别为19.4%、23.5%及27.5%。 港股IPO前， ...

Core Viewpoint - Huide Technology (603192.SH), a leading company in the domestic polyurethane resin industry, plans to raise up to 580 million yuan through a private placement to expand its production capacity for polyurethane new materials, reinforcing its industry leadership position [1][3]. Financial Performance - In 2024, Huide Technology's total revenue reached 2.671 billion yuan, a decrease of 1.51% year-on-year, while net profit attributable to shareholders increased by 95% to 125 million yuan [1][6]. - The company's main business gross margin improved to 14.24%, up by 2.89 percentage points year-on-year [1][7]. Production and Sales - The production volume of Huide Technology's three main polyurethane products reached 235,900 tons in 2024, reflecting a year-on-year increase of 6.55%, with sales volume at 233,800 tons, up by 3.16% [1][7]. - Despite a decline in product prices, the company achieved an increase in sales volume and gross margin through product structure optimization and cost management [1][7]. New Energy Sector - In 2024, the revenue from Huide Technology's new energy components business was 87.41 million yuan, marking a year-on-year growth of 42.06%, with production and sales volumes increasing by 82.80% and 72.59%, respectively [2][7]. - The company added 26 large-scale clients in the new energy sector, primarily in the power battery, automotive, and home appliance industries [8]. Capital Expansion Plans - Huide Technology's first private placement since its IPO in 2018 aims to raise funds for expanding production capacity in polyurethane new materials, with a total investment of 800 million yuan planned for the project [3][4]. - The project is expected to have an internal rate of return of 24.14% after tax, with a payback period of 5.30 years [4].

公司凭借经验丰富的团队、快速反应的机制、贴近高速发展 的下游市场和新兴原材料供应商，能够持续不断地针对客户新设 计、新功能、新基材、新设备等新需求以及上游供应商新材料， 快速地做出更加高效的配方。 同时，公司通过持续增强研发和技术创新能力，不断进行配 方优化和升级迭代，不仅成功将国产原材料导入公司的配方体 系，实现原材料替代，而且与国产原材料供应商一同开发进步， 持续保持着产品性能和成本的领先优势。 此外，公司不仅可以根据客户的产品性能要求开发适用的热 熔胶，而且还可以为客户提供个性化、全面化的喷胶技术解决方 案，不但为客户解决相关生产技术问题，还尽力为客户节省更多 的成本，使公司继续保持技术、服务、成本的综合竞争优势。 3、布局海外工厂的原因？ 聚胶新材料股份有限公司 投资者关系活动记录表 证券简称：聚胶股份证券代码：301283 编号：2025-004 | 投资者关系活动 | 特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | 现场参观 □其他 | | 形式 | 现场 □网上□电话会议 | | 参与单位 ...

Group 1 - The National Intellectual Property Administration of China has received a patent application for a "single-component wet-curing polyurethane hot melt adhesive and its preparation method" from Nantong Tianyang New Materials Co., Ltd., Tianyang New Materials (Shanghai) Technology Co., Ltd., and Nantong Tianyang Photovoltaic Materials Technology Co., Ltd. The patent was published under CN120230505A with an application date of December 2023 [1] - The patent describes a polyurethane hot melt adhesive that maintains effective bonding while exhibiting low viscosity, high initial tack, and a soft feel after curing, making it suitable for bonding lightweight and sensitive high-end substrates at low temperatures [1] Group 2 - Nantong Tianyang New Materials Co., Ltd. was established in 2016, located in Nantong City, with a registered capital of 200 million RMB. The company has invested in one enterprise, participated in eight bidding projects, and holds 51 patents and 54 administrative licenses [1] - Tianyang New Materials (Shanghai) Technology Co., Ltd. was founded in 2002 in Shanghai, with a registered capital of approximately 432.67 million RMB. The company has invested in eight enterprises, participated in seven bidding projects, and holds 175 patents and 31 administrative licenses [2] - Nantong Tianyang Photovoltaic Materials Technology Co., Ltd. was established in 2021 in Nantong City, with a registered capital of 350 million RMB. The company has participated in 20 bidding projects and holds five patents and 14 administrative licenses [2]

Core Viewpoint - Hunan Hengxing New Materials Technology Co., Ltd. has been accepted for IPO on the Beijing Stock Exchange, with significant control held by its chairman and general manager, Li Haodan, who controls 82.81% of the voting rights [1][3]. Company Overview - Established in March 1996, Hengxing specializes in the R&D, production, and sales of UV curing coatings and PUR hot melt adhesives, with applications in various industries including PVC flooring and automotive components [3][4]. - The company has three production bases in Hunan and plans to establish overseas R&D and production bases in Vietnam and Thailand [3][4]. Financial Performance - Revenue for 2022-2024 is projected to be CNY 6.52 billion, CNY 7.59 billion, and CNY 8.79 billion, with net profits of CNY 479 million, CNY 1.13 billion, and CNY 1.134 billion respectively [6][7]. - The gross profit margin is expected to increase from 24.79% in 2022 to 36.84% in 2024, primarily due to a decrease in raw material costs [6][14]. Product Revenue Breakdown - Revenue from UV coatings for 2022-2024 is projected at CNY 5.972 billion, CNY 6.721 billion, and CNY 7.800 billion, while PUR hot melt adhesive revenue is expected to be CNY 463 million, CNY 753 million, and CNY 850 million [9][10]. - The sales price of UV coatings has slightly decreased from CNY 44,664.55 per ton in 2022 to CNY 43,593.72 per ton in 2024 due to raw material price fluctuations [12][15]. R&D and Innovation - The company has established several R&D platforms and has filed for 15 patents, with 4 more pending [4]. - Ongoing R&D projects include environmentally friendly coatings and specialized products for various applications, such as wind turbine blade repair and food packaging [4][10]. Market Expansion - The company has seen rapid growth in overseas sales, with foreign revenue increasing from CNY 72.83 million in 2022 to CNY 228.09 million in 2024, driven by the establishment of production bases in Southeast Asia [20][21]. - The company aims to expand its market share in the automotive coatings sector and enhance its product offerings through new manufacturing projects [22][24]. Fundraising and Future Plans - The company plans to raise CNY 493 million through its IPO to fund various projects, including new manufacturing bases and R&D centers [22][23]. - The new projects are expected to significantly increase production capacity and annual revenue, enhancing the company's competitive position in the market [24][28].

Core Insights - The hot melt adhesive machine is a key device in various industries such as packaging, construction, automotive, and electronics, significantly enhancing production efficiency, reducing costs, and improving product quality [1][15] - The market demand for hot melt adhesive machines is continuously growing, driven by the global trend towards intelligent, green, and service-oriented manufacturing, as well as increasing environmental awareness and regulations in China [1][15] - The market size of China's hot melt adhesive machine industry is projected to reach approximately 2.08 billion yuan in 2024, indicating substantial growth potential in the coming years [1][15] Industry Overview - Hot melt adhesive machines are electro-mechanical devices that melt solid hot melt adhesives and apply them to substrates through various methods, including spraying and rolling [3] - The industry has evolved since the mid-1980s, initially used in small sectors like cosmetics, and has expanded to packaging and high-end applications in automotive and electronics due to advancements in control technology [5] Industry Development History - The introduction of hot melt adhesive machines in China began in the mid-1980s, with local manufacturers emerging in the 1990s, leading to broader applications across various industries [5] - Modern hot melt adhesive machines now feature intelligent and multifunctional characteristics, with temperature control precision reaching ±1°C [5] Industry Supply Chain - The upstream of the hot melt adhesive machine industry includes raw materials such as steel, aluminum, and copper, as well as core components like heating elements and control systems [7] - The downstream applications encompass a wide range of sectors, including home goods, automotive, household appliances, and packaging [7] Steel Industry Insights - Steel is a fundamental raw material for hot melt adhesive machines, with production in China increasing from 1.05 billion tons in 2017 to an estimated 1.4 billion tons in 2024, reflecting a compound annual growth rate of 4.2% [9] - The demand for high-performance specialty steel is expected to support the development of high-end equipment manufacturing, including hot melt adhesive machines [9] Automotive Industry Applications - The automotive sector is a significant application area for hot melt adhesive machines, used in interior assembly and component bonding, with production and sales of vehicles in China projected to grow in 2024 [10] - The trend towards lightweight vehicles and the adoption of new materials will further expand the application of hot melt adhesive technology in automotive manufacturing [10] Market Trends - The hot melt adhesive machine industry is moving towards smart manufacturing, integrating advanced sensors and IoT technology for real-time monitoring and optimization [26] - Automation is a core trend, emphasizing full-process automation to reduce manual errors and enhance production efficiency [27][28] - Precision is increasingly important, with high-end manufacturing requiring micro-level adhesive application and improved temperature control for consistent bonding [29]

气功能材料、突破发展光学显示材料。 证券代码：300200 证券简称：高盟新材 北京高盟新材料股份有限公司 投资者关系活动记录表 编号：2025-002 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 含章基金：李贵林 山西证券：高泽栋 中信证券：邵籽杰 时间 2025 年 6 月 16 日，14:20-16:10 地点 公司会议室 上市公司接待人 员姓名 副总经理、董事会秘书：史向前 投资者关系活动 主要内容介绍 公司与投资者进行了充分的交流与沟通，严格按照相关规 定，保证信息披露的真实、准确、完整、及时、公平性，没有 出现未公开重大信息泄露等情况。沟通主要内容如下：公司副 总经理、董事会秘书史向前首先就公司的主营业务、资产和经 营情况、未来发展战略等做了介绍。公司 2025 年经营指导思 想为"战略引领，创新驱动国际化；项目攻坚，提质上量增人 效"，并重点介绍了公司未来发展战略，即领先发展复合粘接 材料、提升发展交通功能材料、加快发展电气功能材料、突破 发展光学显示材料。 1、 ...

聚胶新材料股份有限公司 投资者关系活动记录表 证券简称：聚胶股份证券代码：301283 编号：2025-003 2.陈总好，贵司主要客户包括金佰利、Drylock、恒安、日本大王、 Essity、维达、宝洁等龙头企业，目前上述公司存在二供吗？贵司在上 述客户中还有多少抢占空间？还有哪些新客户在开拓？ 答:尊敬的投资者，您好！公司已进入金佰利、Drylock、恒安、日 本大王、Essity、维达、Ontex、宝洁等主要客户的合格供应商体系，与 其开展了不同程度的合作，并持续深化合作。客户为了其供应链安全， 一般不会只有唯一供应商。上述客户占了大部分的市场份额，目前，公 司在上述客户仍具有不同程度的可开拓空间。感谢您对公司的关注！ 3.廖总好，贵司股东郑朝阳接二连三的发减持计划公告，是不看好 公司发展前景吗？贵司有投资价值提升计划吗？ 答:尊敬的投资者，您好！股份的买卖属于所有股东享有的基本权利 和自由，郑朝阳先生根据自身资金需求和规划进行减持，公司严格按照 规定履行减持计划的相关披露义务。公司高度重视长期投资价值的提升， 积极应对市场变化，不断夯实并发挥公司自身的核心竞争力。一方面， 公司持续加强并扩大经验丰富 ...

中信证券股份有限公司 关于天洋新材（上海）科技股份有限公司 部分募投项目终止及部分募投项目延期的核查意见 中信证券股份有限公司（以下简称"中信证券" "保荐人"）作为天洋新材（上 海）科技股份有限公司（以下简称"天洋新材"或"公司"）的保荐人，根据《证 券发行上市保荐业务管理办法（2023 年修订）》《上市公司监管指引第 2 号—— 上市公司募集资金管理和使用的监管要求》和《上海证券交易所上市公司自律监 管指引第 1 号——规范运作》等有关法律法规和规范性文件的要求，就天洋新材 使用部分募投项目终止及部分募投项目延期的事项进行了专项核查，并发表如下 意见： 一、募集资金基本情况 （一）2020 年向特定对象发行股票 经中国证券监督管理委员会出具的《关于核准上海天洋热熔粘接材料股份有 限公司非公开发行股票的批复》 （证监许可【2020】3025 号），公司以非公开发行 股票方式发行人民币普通股（A 股）股票 16,929,124 股，每股发行价为 22.86 元， 募 集 资 金 总 额 为 386,999,774.64 元 ， 扣 除 不 含 税 承 销 及 保 荐 费 人 民 币 上述募集资金到位情况经立信 ...