Core Viewpoint - The company expects to achieve a net profit attributable to shareholders of the parent company ranging from 192.7 million to 225.5 million yuan for the fiscal year 2025, representing an increase of 169.9 million to 202.7 million yuan compared to the previous year, which corresponds to a year-on-year growth of 745% to 889% [1] Group 1 - The demand in the terminal market for 2025 is expected to increase significantly due to the rapid growth in AI demand [1] - The market demand for electronic-grade glass fiber cloth is projected to rise, leading to an increase in product prices influenced by market demand [1] - The company's net profit is anticipated to grow rapidly as a result of these market dynamics [1]

2025 年年度业绩预增公告 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个别及连带责任。 证券代码：603256 证券简称：宏和科技 公告编号：2026-008 宏和电子材料科技股份有限公司 重要内容提示： 1、本业绩预告适用于实现盈利，且净利润与上年同期相比上升50%以上的 情形。 2、经财务部门初步测算，宏和电子材料科技股份有限公司（以下简称"公 司"）预计2025年度实现归属于母公司所有者的净利润为19,270万元到22,550万 元，与上年同期相比，将增加16,990万元到20,270万元，同比增加745%到889%。 3、公司预计2025年度实现归属于母公司所有者的扣除非经常性损益后的净 利润为18,675万元到21,853万元，将增加18,138万元到21,316万元，同比增加 3377%到3969%。 一、本期业绩预告情况 经财务部门初步测算： 1、公司预计2025年度实现归属于母公司所有者的净利润为19,270万元到 22,550万元，与上年同期相比，将增加16,990万元到20,270万元，同比增加745% 到88 ...

证券之星消息，1月28日玻璃玻纤板块较上一交易日上涨6.37%，宏和科技领涨。当日上证指数报收于 4151.24，上涨0.27%。深证成指报收于14342.9，上涨0.09%。玻璃玻纤板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 603256 | 宏和科技 | 52.03 | 10.00% | 28.84万 | | 14.73亿 | | 603601 | 再升科技 | 11.77 | 10.00% | 225.04万 | | 25.07亿 | | 002080 | 中材料技 | 42.93 | 9.99% | 86.59万 | | 35.90 乙 | | 600176 | 中国巨石 | 21.80 | 6.29% | 105.60万 | | 22.76亿 | | 301526 | 国际复材 | 8.33 | 5.84% | 212.98万 | | 17.49 Z | | 002201 | 九鼎新材 | 15.63 | 3.99% | 158.95万 | | ...

Investment Rating - Overweight (Maintain) for the copper-clad laminate industry [1] Core Insights - Increased demand for high-end copper foil and electronic cloth driven by AI applications, with domestic companies expected to benefit from breakthroughs [1] - The report highlights the anticipated rise in demand for M8.5+ materials and the potential for higher-end M9 materials in the Rubin platform products [20] - Supply tightness in HVLP4 copper foil is expected to lead to an increase in processing fees, with significant market demand projected [32][48] - The demand for LowDK second-generation cloth and Q cloth is expected to grow, driven by advancements in AI computing products [56] Summary by Sections AI and Copper-Clad Laminate - AI computing hardware is raising the performance requirements for copper-clad laminates, with M8.5+ demand expected to increase [12] - The dielectric constant (Dk) and dielectric loss (Df) are critical for the electrical performance of copper-clad laminates, influencing signal transmission speed and energy loss [15] Electronic Copper Foil - The global electronic circuit copper foil capacity is projected to reach approximately 990,000 tons in 2024, accounting for 41% of total copper foil capacity [32] - HVLP4 copper foil is becoming a core material for AI copper-clad laminates due to its lower surface roughness, which enhances signal transmission stability [43] - The production process for HVLP is more stringent than conventional copper foil, leading to higher production costs and potential price increases [48] Electronic Cloth - LowDK electronic cloth is gaining traction, with demand for second-generation cloth and Q cloth expected to rise due to their superior electrical properties [56] - The report notes that high-end electronic cloth products have strong profitability, with significant margins reported by leading companies [65] - Domestic companies are actively developing and validating LowDK and Q cloth technologies, with successful market entries reported [69]

宏和电子材料科技股份有限公司 关于2026年第一次临时股会的延期公告 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。 重要内容提示： 会议延期后的召开时间：2026 年 2 月 12 日 一、 原股东会有关情况 1. 原股东会的类型和届次 证券代码：603256 证券简称：宏和科技 公告编号：2026-007 分董事工作安排，无法按期出席会议。经公司慎重考虑，决定延期召开本次股东 会。公司于 2026 年 1 月 27 日采用通讯表决方式召开第四届董事会第十三次会议， 本次会议为紧急会议，会议召集人已书面对本次紧急召开会议原因作出说明，全 体董事一致同意豁免本次会议的通知时限。会议以 9 票同意，0 票反对，0 票弃 权，审议通过《关于延期召开 2026 年第一次临时股东会的议案》，同意将 2026 年第一次临时股东会延期至 2026 年 2 月 12 日召开。 三、 延期后股东会的有关情况 1. 延期后的现场会议的日期、时间 召开的日期时间：2026 年 2 月 12 日 13 点 30 分 2. 延期后的网络投票起止日期和 ...

Market Overview - The glass fiber sector experienced a decline of 0.52% on January 27, with Jiuding New Materials leading the drop [1] - The Shanghai Composite Index closed at 4139.9, up 0.18%, while the Shenzhen Component Index closed at 14329.91, up 0.09% [1] Stock Performance - Notable gainers in the glass fiber sector included: - Zais Technology (603601) with a closing price of 10.70, up 6.36% and a trading volume of 2.09 million shares, totaling 2.27 billion yuan [1] - Sanxia New Materials (600293) closed at 3.69, up 1.37% with a trading volume of 1.45 million shares, totaling 523 million yuan [1] - Jiuding New Materials (002201) was the biggest loser, closing at 15.03, down 7.68% with a trading volume of 1.49 million shares, totaling 2.23 billion yuan [2] Capital Flow - The glass fiber sector saw a net outflow of 261 million yuan from main funds, while retail investors contributed a net inflow of 293 million yuan [2] - The detailed capital flow for selected stocks showed: - Zais Technology had a main fund net inflow of 253 million yuan, while retail investors had a net outflow of 155 million yuan [3] - Jiuding New Materials experienced a significant net outflow of 208.54 million yuan from main funds [3]

%% %% %% %% research.95579.com 1 行业研究丨深度报告丨建材 [Table_Title] 如何看待玻纤电子布的提价弹性及持续性 ——基于织布机和铂金视角 丨证券研究报告丨 报告要点 [Table_Summary] 玻纤行业整体处于周期相对底部，基于供需关系，我们判断 2026 年提价弹性如下：AI 特种电 子布>普通电子布>普通粗纱，看好电子布提价带来的业绩弹性。AI 电子布需求持续高景气，看 好紧缺之下的提价，Low CTE 和 Low-Dk 二代布缺口更大。普通电子布在织布机产能挤压逻辑 之下有望持续提价，2025 年织布机已经形成缺口，2026 年缺口维持，2027 年缺口将全面放 大。此外铂金涨价推升投资成本，亦或对供给节奏形成一定抑制。 分析师及联系人 [Table_Author] SFC：BQK473 %% %% research.95579.com 2 范超 张佩 董超 SAC：S0490513080001 SAC：S0490518080002 SAC：S0490523030002 [Table_Title 如何看待玻纤电子布的提价弹性及持续性 2] ——基于织布机 ...

Market Overview - The glass and fiberglass sector experienced a decline of 0.56% on January 26, with Zaiseng Technology leading the drop [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] Stock Performance - Jiuding New Materials (002201) saw a significant increase of 10.00%, closing at 16.28 with a trading volume of 1.9866 million shares and a transaction value of 3.1 billion [1] - Honghe Technology (603256) increased by 2.44%, closing at 48.35 with a trading volume of 405,100 shares [1] - Other notable performances include: - Sanxia New Materials (600293) up 0.28% at 3.64 - Shandong Fiberglass (605006) remained unchanged at 7.93 - Qibin Group (601636) down 0.29% at 6.93 - China Jushi (600176) down 0.58% at 20.64 [1] Capital Flow - The glass and fiberglass sector saw a net outflow of 551 million in main funds, while retail investors contributed a net inflow of 536 million [2] - The sector's capital flow indicates that retail investors are more active compared to institutional investors [2] Individual Stock Capital Flow - China Jushi (600176) had a main fund net inflow of 84.17 million, but retail investors showed a net outflow of 54.68 million [3] - Honghe Technology (603256) experienced a main fund net inflow of 143.88 million, while retail investors had a net inflow of 81.73 million [3] - Other stocks like Jiuding New Materials (002201) and Shandong Fiberglass (605006) also showed mixed capital flows, with significant retail participation [3]

证券日报网讯 1月23日，宏和科技发布公告称，公司于2026年1月22日召开第四届董事会第十二次会 议，审议并通过了《关于子公司2026年度新增申请综合授信额度及担保额度预计的议案》。根据全资子 公司黄石宏和电子材料科技有限公司（简称"黄石宏和"）2026年度生产经营及投资发展的资金需求，为 满足日常经营及业务发展需要，拓宽融资渠道，在确保运作规范和风险可控的前提下，黄石宏和2026年 度拟向银行等融资机构新增申请总额不超过人民币18亿元（含等值外币）的综合授信额度（最终以各家 银行等融资机构实际审批的授信额度为准），并有权以自有土地、房产等自有资产为黄石宏和设置抵押 或质押担保。 （文章来源：证券日报） ...

每经头条（nbdtoutiao）——地方国资开始"抄底"法拍房！单价六七千元"扫货"广州南沙区超60套房 源，同小区二手房挂牌均价逾2万元 （记者 王晓波） 每经AI快讯，宏和科技1月23日晚间发布公告称，公司第四届第十二次董事会会议于2026年1月22日在 公司以现场结合通讯方式召开。会议审议了《关于公司2026年度申请综合授信额度预计的议案》等文 件。 ...