股票简称：严牌股份 股票代码：301081 债券简称：严牌转债 债券代码: 123243 浙江严牌过滤技术股份有限公司 受托管理事务报告 （2024年度） 债券受托管理人： 中国（上海）自由贸易试验区世纪大道1198号28层 浙江严牌过滤技术股份有限公司 2024 年向不特定对象发行可转换公司债券受托管理事务报告 （2024 年度） 声 明 长江证券承销保荐有限公司（以下简称"长江保荐"）编制本报告的内容及 信息均来源于发行人相关信息披露文件、浙江严牌过滤技术股份有限公司（以下 简称"严牌股份"、"发行人"或"公司"）提供的证明文件及第三方中介机构出 具的专业意见。长江保荐对报告中所包含的相关引述内容和信息未进行独立验证， 也不就该等引述内容和信息的真实性、准确性和完整性做出任何保证或承担任何 责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为长江保荐所作的承诺 或声明。在任何情况下，投资者依据本报告所进行的任何作为或不作为，长江保 荐不承担任何责任。 浙江严牌过滤技术股份有限公司 2024 年向不特定对象发行可转换公司债券受托管理 ...

作为我国"过滤分离"材料核心供应商，严牌股份专注于全球环保用过滤布、袋等工业过滤关键部件及材 料供应，产品广泛应用于火电、水泥、化工医药、环境保护、新能源等行业的工业除尘、废水处理、生 产过滤纯化等领域。凭借多条进口针刺无纺布生产线与两百余台织机，严牌股份已构筑起数千万平方米 级的针刺无纺滤布及机织滤布产能，不仅实现生产的高效组织与快速交付，更以领先的总体生产规模跻 身行业前列。公司深耕行业多年，沉淀数千种适配不同工况环境、满足多元过滤需求的产品方案，能够 基于客户新需求、新工况，迅速调用基础或近似方案，精准响应个性化定制诉求。 严牌股份（301081）（301081）6月10日发布公告，公司控股股东西南投资以集中竞价交易方式累计增 持公司股份1162.80万股，占公司总股本的5.21%，累计增持金额为1.11亿元。 本次增持行动充分彰显严牌股份控股股东对公司未来持续稳定发展的坚定信心及对公司长期投资价值的 认可，有效提振投资者信心，切实维护中小股东利益和市场稳定，推动公司持续、稳定、健康发展。本 次增持亦是对中国人民银行、证监会市值管理相关政策号召的积极响应，西南投资通过股票增持专项贷 款与自有资金方式筹集 ...

Core Viewpoint - Yanpai Co., Ltd. reported a revenue of 785 million yuan for 2024, reflecting a year-on-year growth of 8.75%, while net profit showed a decline, raising market concerns [1] Financial Performance - The company achieved an operating income of 785 million yuan, with a core revenue from specialized equipment manufacturing at 742 million yuan, accounting for 94.65% of total revenue and growing by 9.25% year-on-year [1] - Despite the revenue growth, net profit experienced a decline, prompting the company to propose a cash dividend of 3 yuan per 10 shares to shareholders [1] Industry Context - The environmental protection industry in China is transitioning from rapid growth to high-quality development, with revenue reaching 2.22 trillion yuan in 2022, growing at a compound annual growth rate of 12.72% since 2015 [1] - Key growth drivers in the industry include water pollution prevention, solid waste treatment and resource recovery, and air pollution control [1] Company Overview - Yanpai Co., Ltd. specializes in the development and production of industrial filtration materials, including filter cloths and bags, with a global sales network [2] - The company's products are widely used in various industries such as thermal power, chemicals, and new energy, playing a crucial role in industrial dust removal and wastewater treatment [2] - Yanpai's core products are categorized into non-woven and woven series, customizable to meet diverse application needs [2] Technological Innovation - The company emphasizes technological innovation as a core competitive advantage, increasing R&D investment and talent acquisition [3] - Yanpai has established partnerships with universities for research in waste incineration and new environmental materials, expanding product applications [3] - The company has introduced 18 new utility model patents, achieving breakthroughs in material structure optimization and production process innovation [3] Production Capacity and Strategy - Yanpai Co., Ltd. has multiple production lines and over 200 weaving machines, ensuring a large-scale production capacity of filter cloths [4] - The establishment of a subsidiary for raw material R&D and production aims to secure stable supply and reduce production costs [4] - The company issued 469 million yuan in convertible bonds to fund high-performance material projects, enhancing capacity and product upgrades [4] Market Expansion - To address profit pressure, Yanpai is exploring new growth avenues, including a strategic investment in Zhejiang Yongxiang Composite Materials Co., Ltd., entering the microfiber leather market [4] - The company has established a subsidiary, Zhejiang Yanjie New Materials, to enter the consumer filter market, focusing on high-value products [5] Future Outlook - Yanpai Co., Ltd. aims to leverage national "dual carbon" strategies, focusing on market demand and customer value to maximize its technological and production advantages [5] - The company is committed to its mission of creating a cleaner environment and maintaining high-quality standards through a focus on specialization and expertise [5]