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].

公司向不特定对象发行可转换公 司债券 2025 年跟踪评级报告 中鹏信评【2025】跟踪第【336】号 01 信用评级报告声明 除因本次评级事项本评级机构与评级对象构成委托关系外，本评级机构及评级从业人员与评级对象不存 在任何足以影响评级行为独立、客观、公正的关联关系。 本评级机构与评级从业人员已履行尽职调查义务，有充分理由保证所出具的评级报告遵循了真实、客观、 公正原则，但不对评级对象及其相关方提供或已正式对外公布信息的合法性、真实性、准确性和完整性 作任何保证。 本评级机构依据内部信用评级标准和工作程序对评级结果作出独立判断，不受任何组织或个人的影响。 本评级报告观点仅为本评级机构对评级对象信用状况的个体意见，不作为购买、出售、持有任何证券的 建议。本评级机构不对任何机构或个人因使用本评级报告及评级结果而导致的任何损失负责。 本次评级结果自本评级报告所注明日期起生效，有效期为被评证券的存续期。同时，本评级机构已对受 评对象的跟踪评级事项做出了明确安排，并有权在被评证券存续期间变更信用评级。本评级机构提醒报 告使用者应及时登陆本公司网站关注被评证券信用评级的变化情况。 本评级报告版权归本评级机构所有，未经授 ...

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、 ...

Core Viewpoint - The control of Dongfang Materials (603110.SH) is shifting due to the judicial auction of shares held by Xu Guangbin, which may lead to a change in the company's major shareholder and actual controller [1][2][3]. Company Overview - Dongfang Materials was established in 1994 and listed on the Shanghai Stock Exchange in 2017, primarily engaged in the production and sales of soft packaging inks, polyurethane adhesives for composites, and PCB electronic inks [4]. - The company has experienced fluctuating performance under Xu Guangbin's leadership, with revenues of 396 million yuan, 404 million yuan, 394 million yuan, and 436 million yuan from 2021 to 2024, and net profits of 56 million yuan, 20 million yuan, 52 million yuan, and 14 million yuan during the same period [16]. Shareholder Changes - Xu Guangbin's shareholding has been subject to multiple judicial auctions, and if the recent auction of 13.5 million shares is completed, his stake will drop to 5.44%, resulting in a new major shareholder, Zhu Junfei, holding 8.84% [1][13]. - The second-largest shareholder will be Jiangsu Teliang New Materials Technology Co., Ltd., with a 5.96% stake [13]. - Xu Guangbin's financial troubles have been highlighted, with overdue debts amounting to approximately 45 million yuan and litigation or arbitration cases totaling about 1.279 billion yuan [13]. Market Performance - As of May 15, Dongfang Materials' stock closed at 17.01 yuan, reflecting a decline of 3.95% and a total market capitalization of 3.423 billion yuan [2]. - The stock price has dropped nearly 50% from around 31 yuan per share in early 2021, indicating significant market depreciation [22]. Future Outlook - The future control of Dongfang Materials remains uncertain, with the potential for Zhu Junfei and Jiangsu Teliang New Materials to influence the company's direction [15][19]. - The company attempted to acquire a 51% stake in Nokia's TD TECH in 2023 but was unsuccessful, and its newly established subsidiary, Dongfang Supercomputing, has reported losses of 915,500 yuan and 4.4671 million yuan in 2023 and 2024, respectively [18].

Group 1 - The company will hold its shareholders' meeting on May 20, 2025, at 14:30 in Hefei [1] - The agenda includes signing in, announcing the meeting's start, reading meeting rules, and voting on various proposals [1][2] - The meeting will feature both cumulative and non-cumulative voting proposals [1][4] Group 2 - In 2024, the company achieved a revenue of 436.15 million yuan, a year-on-year increase of 10.81% [4] - The operating costs for the same period were 314.46 million yuan, up 10.45% year-on-year [4] - The net profit attributable to shareholders, excluding non-recurring gains, was 11.36 million yuan, reflecting a significant increase of 78.99% [4][5] Group 3 - As of December 31, 2024, the company's total assets amounted to 874.01 million yuan, a 1.90% increase year-on-year [5] - The net assets attributable to shareholders were 702.88 million yuan, up 2.03% year-on-year [5] - The basic earnings per share decreased by 73.08% to 0.07 yuan [5] Group 4 - The company plans to maintain stable operations in traditional businesses while actively promoting its computing power business [5][8] - The board of directors held five meetings in 2024, reviewing 22 proposals [6] - The company emphasizes equal treatment of all shareholders and has improved participation convenience for minority shareholders through online voting [6] Group 5 - The company reported a cash inflow from operating activities of 22.99 million yuan, a decrease of 16.74 million yuan year-on-year [20] - Investment activities resulted in a cash outflow of 82.39 million yuan, primarily due to infrastructure and fixed asset investments [20] - Financing activities led to a cash outflow of 0.0127 million yuan, significantly less than the previous year's outflow of 30.18 million yuan [20] Group 6 - The company proposed a cash dividend of 0.50 yuan per share for 2024, totaling approximately 10.06 million yuan [15] - The company will not implement stock bonuses or capital increases this year [15] - The profit distribution plan aims to balance immediate and long-term shareholder interests [15] Group 7 - The company plans to apply for a total credit limit of up to 176 million yuan from financial institutions for operational needs in 2025 [21] - The credit will include various forms such as loans and bank guarantees [21] - The company will ensure that the actual credit amount aligns with operational requirements [21] Group 8 - The company intends to purchase liability insurance for its directors, supervisors, and senior management to mitigate operational risks [32] - The board seeks authorization from the shareholders' meeting to manage the insurance purchase process [32] - This initiative is in line with regulatory requirements to protect the interests of the company and its stakeholders [32]

Group 1 - The actual controller of Dongfang Materials, Xu Guangbin, faces judicial auction of 7.0241 million shares, accounting for 3.49% of the total share capital, due to a share transfer dispute [1] - The auction is scheduled for June 3-4, 2025, with a starting price of 84.6686 million yuan and a deposit of 10 million yuan [1] - As of April 30, 2025, Xu holds 24.7669 million shares, representing 12.31% of the total share capital [1] Group 2 - Xu Guangbin's shares are also subject to other judicial auctions and passive reductions, with 4.03 million shares (2% of total shares) undergoing passive reduction and 13.5 million shares (6.71% of total shares) set for auction on May 12-13, 2025 [2] - If all auctions and reductions are completed, Xu's shareholding could drop to 1.34%, potentially changing the company's controlling shareholder [2] - The company is monitoring the situation closely and will fulfill its information disclosure obligations [2] Group 3 - Judicial enforcement reflects underlying debt issues, with Xu having overdue debts of approximately 45 million yuan and ongoing litigation involving around 1.279 billion yuan [3] - Dongfang Materials' main revenue comes from traditional businesses like inks and polyurethane adhesives, with a reported revenue of 436 million yuan in 2024, a year-on-year increase of 10.81% [3] - Despite expanding into computing power business, the company's net profit for 2024 was 13.9574 million yuan, a significant decline of 73.17% year-on-year [3]

证券代码：300041 证券简称：回天新材 公告编号：2025-16 债券代码: 123165 债券简称: 回天转债 一、重要提示 本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投资者 应当到证监会指定媒体仔细阅读年度报告全文。 董事会决议通过的本报告期优先股利润分配预案 所有董事均已出席了审议本报告的董事会会议。 立信会计师事务所（特殊普通合伙）对本年度公司财务报告的审计意见为：标准的无保留意见。 本报告期会计师事务所变更情况：公司本年度会计师事务所由变更为立信会计师事务所（特殊普通合 伙）。 非标准审计意见提示 □适用 √不适用 公司上市时未盈利且目前未实现盈利 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □不适用 公司经本次董事会审议通过的利润分配预案为：以公司实施2024年度权益分派方案时股权登记日的总股 本扣除公司回购专用账户中的回购股份（若有）为基数，向全体股东每10股派发现金红利1.5元（含 税），送红股0股（含税），以资本公积金向全体股东每10股转增0股。 □适用 √不适用 二、公司基本情况 1、公司简介 ■ 2、报告期主 ...

【回天新材2024年及2025年一季度财报披露】4月27日晚间，回天新材披露财报。2024年公司经营稳 健，营业收入39.89亿元，同比增2.23%，归母净利润1.02亿元，同比降65.91%。2024年度拟每10股派现 1.5元，现金分红8391.51万元，股利支付率82.39%。一季报显示，2025年一季度公司开门红，营业收入 10.71亿元，同比增10.49%，扣非归母净利润6730.32万元，同比增14.43%。2024年公司受光伏行业竞争 等影响，利润下滑，相关业务资产计提减值约3992.48万元。单季度业绩已触底反弹，2024年四季度、 2025年一季度营收均保持10%以上同比增长。2025年一季度结束利润同比下滑，重启增长。公司优化运 营效率，2024年销售、管理费用同比降低。2025年将继续提高经营效率，包括优化生产工艺等。2024年 以回购股份等方式回报股东，2022-2024年累计分配利润4.02亿元。回天新材聚焦胶粘剂等，是我国相 关行业龙头企业。2024年在电子、汽车等行业产品销量增长，光伏硅胶销量提升。2025年一季度电子业 务表现亮眼，大交通领域胶粘剂产品销售收入增长，包装胶业务稳 ...

证券代码：603110 证券简称：东方材料 公告编号：2025-011 一、报告期内主要产品的产量、销量及收入实现情况(不含税) 2024 年 1-12 月，公司主营业务（产品）收入产销情况如下： | 主要产品 | 产量（吨） | 销量（吨） | 营业收入(万元) | | --- | --- | --- | --- | | 包装油墨 | 14,067.97 | 14,203.12 | 27,159.32 | | 聚氨酯胶粘剂 | 7,435.97 | 7,318.82 | 11,832.41 | | 电子油墨 | 298.97 | 303.89 | 1,782.06 | 二、报告期内主要产品和原材料的价格变动情况 （一）主要产品销售价格变动情况(不含税) 新东方新材料股份有限公司 2024 年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法律责任。 新东方新材料股份有限公司（以下简称"公司"）根据上海证券交易所《上 市公司行业信息披露指引第十三号——化工》（2022 年修订）有关规定和披露 要求，现将 2024 年 ...