Performance Forecast - The company expects a net loss attributable to shareholders of between 82.65 million and 107.35 million yuan, compared to a profit of 291.03 million yuan in the same period last year [1] - The basic earnings per share are projected to be a loss of 0.09 to 0.11 yuan per share, down from a profit of 0.30 yuan per share in the previous year [1] Reasons for Performance Change - The main reason for the loss is a decline in the gross margin of the lithium battery separator products compared to the same period last year [2] - The company is experiencing losses in its aluminum-plastic film, dry lithium battery separator, and some forward-looking business segments [2] - The company is accelerating the construction of overseas production bases for wet lithium battery separators, which is putting short-term pressure on performance due to operational costs [2] - The company plans to make provisions for inventory impairment based on prudence, which will further reduce current profits [2] Business Strategy and Outlook - The company will continue to focus on the lithium battery separator business and deepen its efforts in the new energy sector [2] - There is a positive market demand and development outlook for lithium battery separator products, supported by the global energy transition and carbon neutrality goals [1]

工信部召开第十五次制造业企业座谈会，聚焦光伏产业高质量发展。会议提出，依法依规、综合治理光 伏行业低价无序竞争，引导企业提升产品品质，推动落后产能有序退出，实现健康、可持续发展。 2、美国6月非农数据好于预期！7月降息希望基本破灭，标普、纳指再创新高 类型：宏观 情绪影响：正面 盘前要闻 1、工信部：综合治理光伏行业低价无序竞争，推动落后产能有序退出 类型：行业 情绪影响：正面 美国劳工部数据显示，6月非农就业人数增加14.7万，失业率为4.1%，均好于市场预期。尽管强于预期 的就业数据打压了美联储降息预期，但也缓解了市场对经济放缓的担忧，提振了投资者信心。隔夜美股 三大指数齐涨，标普、纳指再创新高。 3、国务院发文复制推广上海自贸试验区试点措施，更大范围释放制度创新红利 类型：宏观 情绪影响：正面 国务院发布通知提到，支持上海自由贸易试验区全面对接国际高标准经贸规则开展先行先试，打造国家 制度型开放示范区。要因地制宜做好复制推广工作，加强数字人民币试点应用场景创新等34条措施复制 推广至其他自贸试验区。 4、四票之差！美众议院通过"大而美"法案，3.4万亿赤字重负将至 【美】格雷厄姆《聪明的投资者》 机构观 ...

3、中国有色金属工业协会硅业分会报道，目前硅片价格几乎低于所有在产硅片企业现金成本，企业挺 价意愿较强；低价行情下，硅片厂减产力度明显增强。 4、工信部召开第十五次制造业企业座谈会强调，依法依规、综合治理光伏行业低价无序竞争，引导企 业提升产品品质，推动落后产能有序退出。 5、美越贸易协定将对转运货物征收40%关税，外交部对此表示，中方一贯主张各方通过平等对话，协 商解决经贸分歧，同时有关谈判和协议不应针对或损害第三方的利益。 6、3天2板未名医药：公司存在触发其他风险警示的情形。财富趋势：实际控制人兼董事长拟减持不超 过3%公司股份。2连板亚玛顿："光伏玻璃行业部分企业阶段性下调产能"的采访中 未涉及公司自身的生 产安排或业绩预测。3天2板华银电力：预计半年度归母净利润1.8亿-2.2亿元（未经审计）。2连板巨力 索具：公司不存在违反信息公平披露的情形。6连板诚邦股份：控股股东方利强与一致行动人质押比例 较高。万科A：向深铁集团申请不超过62.49亿元借款并展期部分已有借款。8天6板大东南：公司产品 CPP铝塑膜适用于固态锂电池的封装 但目前并未生产该产品。 智通财经7月3日晚间新闻精选 1、国家药监局发布 ...

智通财经7月3日电，有投资者问大东南，公司生产的铝塑膜是否用于固态电池软包？大东南在互动平台 表示，公司产品CPP铝塑膜适用于固态锂电池的封装。因公司CPP生产线年份较久，铝塑膜对设备精度 和材料配比要求极高，目前并未生产该产品。 8天6板大东南：公司产品CPP铝塑膜适用于固态锂电池的封装 ...

转债周周谈｜成长为矛，业绩为锚 20250702 摘要 中东局势及国内政策利好驱动市场 N 型震荡，可转债因其跟涨弹性及抗 跌性优于正股，结构性行情中小微盘和银行股上涨利好转债，低利率环 境下的资金追逐加剧了涨跌不对称效应。 外部局势缓和，国内无风险利率下降，人民币预期稳定，政策支持力度 大，中美伦敦框架协议降低关税风险，人形机器人等新科技产业趋势带 来科技板块结构性机会，共同构成 7 月权益市场乐观的基础。 A 股业绩预告、中美关税谈判及国内政策窗口期是影响 7 月市场行情的 主要因素，应关注业绩确定性强的细分方向，如算力硬件、PCB 光模块、 AI 服务器、风电、军工、新消费及自主可控科技板块。 银行转债加速退出，释放资金或将回流纯债市场或寻找新的底仓，如高 YTM 剩余期限短到期正 YTM 双低转债，同时光伏行业供需格局改善， 头部公司减产及收并购或使其成为潜在底仓选择。 推荐业绩确定性强和成长性高的投资方向，包括 AI、军工、半导体、人 形机器人等科技成长板块，以及新消费和周期成长板块，如算力硬件 （景旺、华正）、半导体产业链（安吉）、军工板块（航宇、国力）等。 Q&A 6 月份的市场行情如何？ 6 ...

Core Insights - The report highlights the steady development of China's medical device industry during the "14th Five-Year Plan" period, indicating a positive growth trajectory [6] - The report notes a new cycle of large-scale construction in the computing power industry, driven by intensified industrial policies and capital enthusiasm, with specific stocks mentioned [8] - The report discusses the focus on several listed companies, including their recent projects and financial activities, indicating potential investment opportunities [10] Industry Updates - The China Federation of Logistics and Purchasing released the "China Medical Device Supply Chain Development Report (2025)", emphasizing the ongoing growth of the medical device sector [6] - A conference on integrated data market construction was held in Shanghai, showcasing advancements in data circulation and transaction technologies [6] - The computing power industry is entering a new phase of large-scale development, with stocks like Xiechuang Data and Shenghong Technology highlighted as key players [8] Company Focus - Huazheng New Materials has achieved mass sales of aluminum-plastic film products in energy storage and small power battery sectors, and is validating products in solid-state battery applications [10] - Star Semiconductor plans to issue convertible bonds to raise up to 1.5 billion yuan for various manufacturing projects, including automotive-grade SiC MOSFET modules [10] - EVE Energy's subsidiary is set to invest up to 8.654 billion yuan in a new energy storage battery project in Malaysia [10] Market Review and Outlook - On June 30, the total trading volume in the two markets was 1,486.9 billion yuan, with 3,874 stocks rising and 1,042 falling, indicating a slight contraction in trading volume compared to the previous day [12] - The three major indices opened slightly higher and showed a small upward trend, with small-cap stocks leading the gains [12] - The report notes that the strongest performing sectors included military and gaming, while banking and securities sectors experienced declines, suggesting a shift in market sentiment [13]

Core Viewpoint - The company has completed the investment project "Jiaming Film Company's annual production of 100 million square meters of fluorine-free backplane construction" and will permanently supplement its working capital with the remaining raised funds of 188.3751 million yuan [1][8][9]. Fundraising Basic Situation - The company raised a total of 1,675.38 million yuan by issuing 37,214,182 shares at a price of 45.02 yuan per share, with a net amount of 1,655.88 million yuan after deducting issuance costs [1][3]. - The funds have been fully received and verified by Tianjian Accounting Firm [1]. Project and Fund Usage Situation - The total investment for the project was 415.8 million yuan, with cumulative input of 218.2653 million yuan, resulting in a surplus of 188.3751 million yuan [6][7]. - The project has reached a usable state as of June 23, 2025 [5][6]. Reasons for Fund Surplus - The company adhered to regulations and implemented strict cost control measures during the project, leading to reduced equipment procurement costs due to price drops in the photovoltaic industry [6][7]. - Adjustments in project investment processes and designs were made based on market conditions, maximizing efficiency and minimizing costs [6][7]. Future Use of Surplus Funds - The surplus funds will be permanently used to supplement the company's working capital for daily operations, while maintaining a dedicated account until all pending payments are settled [8][9]. - The company will ensure that the use of surplus funds does not harm shareholder interests and complies with relevant regulations [8][9]. Review Procedures - The board of directors and the supervisory board approved the project completion and fund allocation, confirming compliance with legal and regulatory requirements [9][10].

Core Viewpoint - The company HaiShun New Materials is planning to acquire 100% equity of Guangdong Zhengyi Packaging Co., Ltd. for an initial transaction price of 94.87 million yuan, aiming to enhance its competitive edge and market share in the packaging industry [1][2]. Group 1: Acquisition Details - The acquisition involves Zhengyi Packaging, established in 1998, which specializes in the research, production, and sales of packaging films with applications in food, beverages, pharmaceuticals, and cosmetics [1]. - Zhengyi Packaging has production lines for aluminum oxide films, vacuum aluminum films, and coated films, with an annual production capacity exceeding 20,000 tons [1]. - As of the end of 2024, Zhengyi Packaging's total assets are reported at 80.63 million yuan, net assets at 46.84 million yuan, with projected revenue of 112 million yuan and net profit of 10.13 million yuan for the same year [1]. Group 2: Strategic Importance - The acquisition is seen as a strategic move to integrate resources and enhance the company's overall competitiveness and market presence [2]. - Post-acquisition, Zhengyi Packaging will become a wholly-owned subsidiary, allowing for synergy in products, technology, and market areas [2]. - The company plans to establish a technology-sharing mechanism and strengthen its technological barriers through patent licensing and cooperation [2]. Group 3: Financial Performance - In 2024, the company reported a revenue of 1.143 billion yuan, a year-on-year increase of 11.92%, while net profit decreased by 12.70% to 74.59 million yuan [3]. - For the first quarter of 2025, revenue reached 286 million yuan, up 10.46% year-on-year, but net profit fell by 24.99% to 17.27 million yuan [3]. Group 4: Product Development and Market Trends - The company has established a high-performance medical film division focusing on products like ostomy pouch films and high-end infusion films, and an electronic materials division targeting UV adhesive tapes and PI high-temperature adhesive tapes [3]. - The company is also focusing on solid-state batteries, with aluminum-plastic films identified as the most suitable packaging material, anticipating significant market growth as the industry matures [4]. - The company is currently working on client certifications and has improved its thermal process technology for aluminum-plastic films, expecting substantial sales growth in 2024 [4].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 近日，明泰铝业宣布与鹏辉能源签署战略合作协议，共同开发固态电池及钠离子电池材料。然而，在铝 加工主业毛利率持续承压、研发投入骤降、募投项目转向的背景下，明泰铝业此番加码锂电产业链的动 作背后，风险信号同样不容忽视。 作为国内铝加工龙头，明泰铝业的新能源布局既是行业升级的必然选择，亦是资本市场的"叙事需求"。 然而，在毛利率修复、研发效率提升、技术商业化落地等问题未解之前，其转型之路仍充满挑战。 然而，最新公告显示，该项目已变更为"汽车、绿色能源用铝产业园"，重点转向汽车铝板、电池铝箔及 航空预拉伸板，总投资20.06亿元，预计达产后年均净利润2.67亿元，较原电池材料项目年均6.16亿元的 预期收益大幅缩水，项目预计完工时间也从2024年11月30日大幅延后至2027年1月。 由于当前动力电池铝箔加工费空间压缩，国产铝塑膜在动力领域渗透率不足10%，日韩企业仍占据主导 地位，这一调整被市场解读为对电池材料赛道竞争加剧的避险反应，也显示出公司新能源转型战略摇摆 不定。 与鹏辉能源的合作虽为明泰铝业打开了固态电池封装材料的想象空间，但技术商 ...

5月25日， 明泰铝业（601677）发布公告称， 与鹏辉能源签订了战略合作框架协议。 双方将 在固态电池和钠离子电池等新型电池的研发工作、产品供货、技术开发、产能布局等方面建立多层次、全方位的战略合作伙伴关系， 同时开展铝回收业务的合作，发挥各自的营业功能和材料收集能力，推动再生铝合金在新能源电池领域的回收及应用。 协议显示，在相关合作中， 鹏辉能源将 优先选用 明泰铝业的产品进行固态电池或其他领域电池项目的配套开发。 二级市场上， 明泰铝业26日上涨，截至收盘报12.18元/股，总市值151.48亿元。 资料显示， 明泰铝业成立于1997年，是 国内首家民营铝加工企业， 主要开展铝板带箔、铝型材、再生资源综合应用业务，产品 广泛应用于 新能源、电子家电、5G 通讯、医药包装、食品包装、交通运输、特高压输电、轨道车体、新基建及军工等众多领域。 产能方面， 明泰铝业 现拥有年处理废铝产能100余万吨、12万吨铝灰渣综合利用产能，铝板带箔业务方面现有产能160余万吨。 据起点锂电了解，基于技术和上游资源优势， 明泰铝业早已涉足新能源电池领域。 在 铝塑膜领域， 明泰铝业在2012年便成功攻克铝塑膜箔生产技术难题 ...