证券日报网讯常青科技（603125）10月30日在互动平台回答投资者提问时表示，公司属精细化工下高分 子新材料细分领域，所产高分子新材料特种单体及专用助剂为下游性能改善、功能增强提供支撑，下游 应用场景广泛。是否应用于航空航天、无人机等领域由客户自主决定。公司将依托技术与产品矩阵优 势，持续升级产品功能，配合客户定制化需求，提升在高分子新材料领域的差异化优势。 ...

Core Viewpoint - Jiangsu Changqing Tree New Materials Technology Co., Ltd. plans to issue convertible bonds to unspecified objects, analyzing the impact on immediate returns and proposing measures to mitigate this dilution [1][2][3]. Financial Impact Analysis - The company estimates the impact of the convertible bond issuance on key financial metrics under different scenarios, including scenarios where net profit remains flat, grows by 10%, or grows by 20% [3][5]. - The total share capital will increase from 404,836,375 shares to 448,624,004.99 shares if all bonds are converted [2][5]. - The diluted earnings per share (EPS) will decrease from 0.50 to 0.48 under the flat profit scenario, while it will be 0.55 and 0.61 under the 10% growth scenario, and 0.61 and 0.73 under the 20% growth scenario [5]. Fundraising Purpose and Necessity - The total amount to be raised from the issuance of convertible bonds is not to exceed RMB 285,489.86 million, with the funds primarily allocated to projects aimed at optimizing product structure and enhancing core competitiveness [7][8]. - The investment projects are expected to extend existing product lines and improve the company's capabilities in the specialty polymer materials sector [8][9]. Company Preparedness - The company has a stable and efficient management and technical team with extensive experience in the specialty polymer materials sector, ensuring the successful implementation of the fundraising projects [9][10]. - The company has made significant technological advancements and established a strong market presence, which will support the successful execution of the fundraising projects [10]. Measures to Mitigate Dilution - The company has committed to several measures to mitigate the dilution of immediate returns, including strict management of the use of raised funds, proactive project implementation, and enhancing market competitiveness [11][12]. - A detailed management plan for the use of raised funds has been established to ensure compliance and protect investor interests, particularly for small and medium investors [11][12]. Commitment from Major Stakeholders - The controlling shareholders and actual controllers of the company have made commitments to ensure the effectiveness of the measures to mitigate the dilution of immediate returns [12][13]. - The board of directors and senior management have also pledged to fulfill their responsibilities and protect the interests of all shareholders [13][14].

Group 1: Engineering Machinery Industry - In July 2025, excavator sales in China (including exports) reached 17,138 units, a year-on-year increase of 25.2%, with domestic sales at 7,306 units, up 17.2% [5] - From January to July 2025, total excavator sales (including exports) amounted to 137,658 units, reflecting a year-on-year growth of 17.8%, while domestic sales were 72,943 units, increasing by 22.3% [5] Group 2: Fast Food Industry - Laoxiangji, a fast-food company, has a fully integrated supply chain with three chicken farms, two central kitchens, and eight distribution centers as of June 30, 2025 [5] - The company aims to become a "family kitchen" for customers, with an average customer spending of around 30 yuan, and is the only Chinese fast-food enterprise implementing a comprehensive traceability system [5] Group 3: Technology and Materials - Changqing Technology focuses on the R&D, production, and sales of special monomers and additives for high polymer new materials, with steady revenue and cash flow growth from 2019 to 2024 [6] - In 2024, the company achieved operating revenue of 1.08 billion yuan, a year-on-year increase of 6.0%, and a net profit attributable to shareholders of 204 million yuan, down 3.9% [7] Group 4: Property Management - New Dazheng has invested in nearly 100 environmental cleaning robots and inspection drones in various scenarios, exploring the synergy between "scenes and technology" [7] - The company's core business revenue for 2024 is projected to be 2.98 billion yuan, reflecting a year-on-year growth of 8.2%, accounting for 87.8% of total revenue [7] Group 5: Semiconductor Industry - SMIC reported Q2 2025 revenue of 2.209 billion USD, a year-on-year increase of 16.2%, although it experienced a quarter-on-quarter decline of 1.7% [8] - The company’s performance exceeded previous guidance and market expectations, with a decline attributed to changes in capacity mix affecting average selling prices [8] Group 6: Health Supplements - Tongchen Beijian's revenue for H1 2025 was 3.53 billion yuan, a year-on-year decrease of 23.4%, with a net profit of 740 million yuan, down 17.3% [8] - The company is facing pressure from weak demand and inventory adjustments, but cost control measures have led to significant improvements in net profit margins [8]

Core Viewpoint - Changqing Technology (603125.SH) focuses on the research, production, and sales of specialty monomers and additives in the high polymer new materials sector, aiming to support downstream product manufacturing and performance enhancement in the fine chemical industry [1] Company Overview - The company is engaged in the development of high polymer new materials, specifically in the fine chemical industry's sub-sector [1] - The fundraising project includes products that can be used to produce high-end photoresists, which officially commenced production at the end of June this year [1] Market Application - Most new products are currently in the market application promotion stage, with some customer feedback potentially involving commercial secrets [1] - The company is committed to providing product technical services based on customer needs, driving demand potential for the products from the fundraising project [1]

股票简称：常青科技 股票代码：603125 江苏常青树新材料科技股份有限公司 （Jiangsu Evergreen New Material Technology Incorporated Company） （镇江新区青龙山路 3 号） 首次公开发行股票主板上市公告书 保荐人（主承销商） （上海市静安区新闸路 1508 号） 二〇二三年四月七日 江苏常青树新材料科技股份有限公司 上市公告书 特别提示 江苏常青树新材料科技股份有限公司（以下简称"常青科技"、"本公司"、 "公司"、"发行人"）股票将于 2023 年 4 月 10 日在上海证券交易所主板上市。 本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因素，在新 股上市初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 1 江苏常青树新材料科技股份有限公司 上市公告书 第一节 重要声明与提示 一、重要声明与提示 本公司及全体董事、监事、高级管理人员保证上市公告书所披露信息的真实、 准确、完整，承诺上市公告书不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 上海证券交易所、有关政府机关对本公司股票上市及有关事项的意见，均不 表明对 ...