9月30日，深圳市纺织（集团）股份有限公司（以下简称"公司"）于 2025 年 9 月 26日以专人送达和电 子邮件的方式发出了召开公司第八届董事会第四十四次会议（临时会议）的通知，本次董事会会议于 2025 年 9 月 29 日（星期一）下午 4:00在公司会议室以现场结合通讯表决方式召开，公司过半数董事推 举董事李刚主持本次会议。会议应出席董事 9 人，实际出席董事 8 人，其中董事王川、孟飞以通讯表决 方式出席，独立董事吴光权因个人原因未能出席。公司高级管理人员列席了会议。 一、以 8 票同意、0 票反对、0 票弃权的表决结果通过了《关于选举第八届 董事会董事长的议案》； 同意选举李刚为公司第八届董事会董事长（简历附后），任期与本届董事会 相同，自本次董事会审议通过之日起至公司第八届董事会届满之日止。 二、以 8 票同意、0 票反对、0 票弃权的表决结果通过了《关于增补第八届 董事会专门委员会委员的议案》； 在业务结构优化方面，公司持续推进 "产品差异化" 策略取得显著成效。报告期内，超大尺寸 TV 用偏 光片以及 OLED 手机用偏光片等高价值产品销量稳步提升，有效对冲了部分产品价格下降带来的压 力。 ...

Investment Rating - The report maintains a "Buy" rating for the non-metallic building materials sector and an "Overweight" rating for the construction and engineering sector [5]. Core Insights - The Ministry of Industry and Information Technology and five other departments issued the "Building Materials Industry Steady Growth Work Plan (2025-2026)", focusing on quality and efficiency while prohibiting new capacity [2][3]. - The new plan emphasizes the need for coordinated efforts on both supply and demand sides, aiming to enhance profitability levels effectively [3]. - The plan sets a specific target for 2026, aiming for green building material revenue to exceed 300 billion yuan [2]. Summary by Sections Policy Background - The new plan is introduced against a backdrop of weak market demand and prominent structural issues in the building materials industry, contrasting with the previous plan which was released during the early recovery phase post-pandemic [2]. Overall Requirements - The current plan focuses on quality and efficiency, integrating technological and industrial innovation, and emphasizes strict control over new capacity while promoting traditional material upgrades and advanced inorganic non-metallic materials [2][3]. Main Goals - Unlike the previous plan, which set specific growth targets for industrial added value, the current plan does not set total industry targets but emphasizes improving profitability and achieving specific revenue goals for green materials [2]. Key Measures - The new plan prioritizes strengthening industry management and promoting the survival of the fittest, with a focus on strict capacity control in cement and glass production [2][3]. - It outlines specific development directions for advanced materials, including advanced glass, artificial crystals, and high-performance fibers, while promoting pilot platform construction and application verification [3]. Investment Recommendations - The report suggests focusing on companies in the new materials sector such as China Jushi, Guoen Co., Puyang Huicheng, Keda Manufacturing, Hongrun Construction, and Jiemai Technology, as well as companies in the infrastructure and real estate chain like China State Construction, Oriental Yuhong, and Anhui Conch Cement [4].

Investment Rating - The report suggests a focus on investment opportunities in the new materials sector and infrastructure real estate chain, with specific companies recommended for investment [3][21]. Core Insights - The report highlights the increasing proportion of accounts receivable and contract assets in the total assets of major state-owned construction enterprises, with some local state-owned enterprises exceeding 50% as of H1 2025 [3][10]. - The construction industry is facing significant operational pressure, with a negative growth trend in new contract signings since December 2023, leading to tightened cash flow for major construction state-owned enterprises [3][14]. - Historical context is provided regarding a previous debt clearance initiative from 2003 to 2007, which successfully resolved a significant portion of overdue payments in the construction sector [3][15]. Summary by Sections 1. Focus on Accounts Receivable Issues in State-Owned Construction Enterprises - The report emphasizes the need to address the accounts receivable issues faced by major construction state-owned enterprises, particularly in light of tight local government finances and deep adjustments in the real estate sector [3][10]. 2. Company Profit Forecasts and Valuations - Specific companies are highlighted for their potential in the new materials sector, including China Jushi, Guoen Co., Puyang Huachuang, Keda Manufacturing, and others, with investment ratings ranging from "Buy" to "Increase" [3][21]. 3. Weekly Market Review - The report provides insights into the weekly performance of the construction and building materials sectors, indicating fluctuations in stock prices and market trends [24][32]. 4. Aggregate Data Tracking - The report includes data on the cash flow of major construction state-owned enterprises, indicating overall tightness in cash flow despite some improvements in H1 2025 [3][14]. 5. High-Frequency Data Tracking - The report tracks high-frequency data related to the construction industry, providing timely insights into market dynamics and operational challenges faced by companies [3][24].

Core Viewpoint - Many listed companies are reporting positive earnings forecasts for the third quarter of 2025, indicating a general recovery in various industries and strong operational dynamics [2][3]. Earnings Forecasts - Over a dozen companies, including Changchuan Technology, Brothers Technology, and Sanxie Electric, have released third-quarter earnings forecasts, with eight companies expecting growth [3]. - Changchuan Technology anticipates a profit of 827 million to 877 million yuan for the first three quarters, representing a year-on-year increase of 131.39% to 145.38% [3]. - Brothers Technology expects a net profit of 100 million to 115 million yuan for the first three quarters, reflecting a year-on-year growth of 207.32% to 253.42% [4]. Revenue Drivers - The primary drivers for earnings growth include rising product prices, increased production capacity utilization, and a boost in overseas revenue [3][5]. - Brothers Technology attributes its growth to price increases in certain vitamin products and improved overall gross margins [4]. Capacity and Production Updates - Companies are reporting improvements in production capacity and operational dynamics, with many indicating that they are on track to enhance their production capabilities [6][7]. - Zhongtian Jingzhuang announced that its semiconductor project is nearing completion and will begin trial production soon [6]. - Penghui Energy is constructing a solid-state battery pilot line, expected to be completed by the end of the third quarter [6]. Order Growth and Market Sentiment - Several companies have reported a significant increase in orders, reflecting a positive market sentiment [8][9]. - Unigroup Guowei noted an increase in orders for its special integrated circuit business since July, with its eSIM solutions being widely adopted [8]. - Mindray Medical anticipates a recovery in domestic market performance, marking a potential turning point for its earnings [8].

（编辑 王雪儿） 证券日报网讯 洁美科技9月16日在互动平台回答投资者提问时表示，公司离型膜产品主要包括陶瓷电容 （MLCC）生产用离型膜、光学材料偏光片用离型膜、OCA离型膜等，主要竞争对手以日韩企业为主。 ...

洁美科技（002859.SZ）9月16日在投资者互动平台表示，公司离型膜产品主要包括陶瓷电容（MLCC） 生产用离型膜、光学材料偏光片用离型膜、OCA离型膜等，主要竞争对手以日韩企业为主。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问公司的膜产品和双星新材的产品一样吗？目前在 市场的竞争对手都有哪些？ ...

Group 1 - The company has received inquiries regarding potential capital increase plans for its invested company, Martin, which has recently attracted angel investment and expanded production [2] - The company confirmed that if there are any capital increase plans, it will fulfill its information disclosure obligations in a timely manner [2] - The subsidiary, Rouzhen Technology, is steadily advancing its capacity expansion, collaborating with leading 3C battery manufacturers to develop the next generation of composite conductive materials [2] Group 2 - As of the third quarter, the company's release film production and sales have shown a steady increase, with some mid-to-high-end products entering the ramp-up phase [2] - The company is also assessing its performance in the Japanese and Korean markets, indicating a potential increase in client demand [2]

Group 1 - The company stated that it will fulfill its information disclosure obligations in case of any future capital increase plans [1] - The expansion of R&D at Rouzhen Technology is progressing steadily, collaborating with leading 3C battery manufacturers to develop the next generation of composite electrolytes [1] - In the third quarter, the production and sales of release films are steadily increasing, with some mid-to-high-end products entering a phase of volume production [1]

Financial Performance - The company achieved total revenue of 962.44 million CNY in the first half of 2025, representing a year-on-year growth of 14.67% [4] - The net profit attributable to shareholders decreased by 18.78% to 98.49 million CNY [4] - In Q2 2025, revenue reached 548 million CNY, with a quarter-on-quarter growth of 32.41% and a net profit increase of 92.03% [4] Business Segments - The electronic components segment generated 808 million CNY in revenue, a year-on-year increase of 9.97% [4] - The electronic-grade film materials segment saw significant growth, achieving a revenue increase of 61.29% [4] Industry Outlook - The electronic components industry is experiencing high demand due to the acceleration of digitalization and policies promoting "new infrastructure" [4] - The company's core products are operating at full capacity, with increasing utilization rates for electronic-grade film materials [4] Product Development and Client Acquisition - The company has successfully transitioned to self-manufactured base films for MLCC (Multi-Layer Ceramic Capacitor) applications, with stable supply to major clients [5] - The company plans to expand production lines for composite aluminum and copper foils, with significant client engagement and a 40% increase in orders year-on-year [5][6] Strategic Acquisitions - The acquisition of Jiangxi Hongmei for 26.28 million CNY aims to enhance production capacity and resource integration [6] - This acquisition is expected to improve operational efficiency and profitability across the company's subsidiaries [7] Employee Incentives - The company plans to grant stock options to up to 81 employees, totaling 3.66 million shares, which is 0.85% of the total share capital [8] - Performance metrics for the stock options include market share growth and product volume increases [8] Investment in Robotics - The investment in Huanuo Lingxin Intelligent Robotics aims to leverage existing precision machining capabilities to enhance production efficiency [9] - This collaboration is expected to facilitate the provision of core components to downstream partners and improve the company's production capabilities [9]

Core Viewpoint - Zhejiang Jiemai Electronic Technology Co., Ltd. (referred to as "Jiemai Technology") has announced its 2025 employee stock ownership plan, aiming to enhance the interests of employees and shareholders, improve corporate governance, and boost overall competitiveness [1][2]. Employee Stock Ownership Plan - The plan involves up to 81 participants, including directors, senior management, middle management, and key employees, with a total stock source of no more than 3.66 million shares, accounting for 0.85% of the current total share capital [1]. - The subscription price is set at 13.1 yuan per share, with total self-raised funds not exceeding 47.946 million yuan [1]. - Performance assessment will include company-level metrics such as revenue growth rate or net profit growth rate, and individual performance will be evaluated through a comprehensive performance assessment system [1][2]. Financial Performance - In the first half of the year, Jiemai Technology achieved total revenue of 962 million yuan, a year-on-year increase of 14.67%, and a net profit attributable to shareholders of 98.4941 million yuan [2]. - In Q2, the company reported revenue of 548 million yuan, a quarter-on-quarter increase of 32.41%, and a net profit of 65 million yuan, a quarter-on-quarter increase of 92.03% [2]. Business Strategy and Product Development - Jiemai Technology has implemented a vertical integration strategy for core products, achieving self-control over the entire industry chain for products like paper and plastic carrier tapes and release films [3]. - The company has also diversified its product offerings, expanding into electronic packaging materials, electronic-grade films, and new energy materials [3]. - The electronic component packaging carrier tape segment generated 808 million yuan in revenue, a year-on-year increase of 9.97%, while electronic-grade films contributed 116 million yuan, a year-on-year increase of 61.29% [3]. Expansion into New Energy Sector - Jiemai Technology is extending its reach into the new energy battery materials sector, specifically composite current collectors, by increasing its stake in Zhejiang Rouzhen Technology Co., Ltd. from 58.43% to 60.41% [4]. - The company's dual focus on traditional packaging materials and high-end products, along with its entry into the new energy sector, positions it favorably in the market, leveraging its film technology to capture new opportunities [4].