北京植德律师事务所 关于苏州世华新材料科技股份有限公司 申请向特定对象发行股票并在科创板上市的 补充法律意见书之一 植德(证)字[2025]0009-6号 二〇二五年五月 北京植德律师事务所 Merits & Tree Law Offices 北京市东城区东直门南大街 1 号来福士中心办公楼 12 层 邮编：100007 12th Floor, Raffles City Beijing Office Tower, No.1 Dongzhimen South Street, Dongcheng District, Beijing 100007 P.R.C 电话(Tel)：010-56500900 传真(Fax)：010-56500999 www.meritsandtree.com 北京植德律师事务所 关于苏州世华新材料科技股份有限公司 申请向特定对象发行股票并在科创板上市的 补充法律意见书之一 植德(证)字[2025]0009-6号 致：苏州世华新材料科技股份有限公司（发行人） 根据本所与发行人签订的律师服务协议书，本所接受发行人的委托，担任发 行人本次发行上市的特聘专项法律顾问。 本所律师已根据《公司法》《证 ...

苏州世华新材料科技股份有限公司 问询函回复 公证天业会计师事务所(特殊普通合伙) Gongzheng Tianye Certified Public Accountants, SGP 中国 . 江苏 . 无锡 Wuxi . Jiangsu . China 总机：86（510）68798988 Tel：86（510）68798988 传真：86（510）68567788 Fax：86（510）68567788 电子信箱：mail@gztycpa.cn E-mail：mail@gztycpa.cn 关于苏州世华新材料科技股份有限公司 向特定对象发行股票申请文件的 审核问询函的回复 上海证券交易所： 按照贵所《关于苏州世华新材料科技股份有限公司向特定对象发行股票申请 文件的审核问询函》（上证科审（再融资）〔2025〕39 号）（以下简称"《问 询函》"）的要求，我们就《问询函》对苏州世华新材料科技股份有限公司（以 下简称"公司"、"发行人"或"世华科技"）审核问询问题中涉及会计师的问 题进行了逐项核查，并按照问询函的要求对所涉及的事项进行了资料补充和问题 回复，现就贵所问询函中提出的问题详细回复如下： 如无特别说明 ...

苏州世华新材料科技股份有限公司（以下简称"公司"）于 2025 年 4 月 17 日 收到上海证券交易所（以下简称"上交所"）出具的《关于苏州世华新材料科技股 份有限公司向特定对象发行股票申请文件的审核问询函》（上证科审（再融资） [2025]39 号，以下简称"《问询函》"），上交所审核机构对公司向特定对象发 行股票申请文件进行了审核，并形成了问询问题。 公司收到《问询函》后，按照要求会同相关中介机构就《问询函》提出的问 题进行了认真研究和逐项落实，根据相关要求对《问询函》有关问题进行了说明 和论证，具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）披露 的《关于苏州世华新材料科技股份有限公司向特定对象发行股票申请文件的审核 问询函的回复》（豁免版）等相关文件，公司将按照要求及时将回复材料报送上 交所。 公司本次向特定对象发行股票事项尚需通过上交所审核，并获得中国证券监 督管理委员会（以下简称"中国证监会"）同意注册的批复后方可实施，最终能 否通过上交所审核并获得中国证监会同意注册的批复及其时间尚存在不确定性。 公司将根据该事项的进展情况及时履行信息披露义务，敬请广大投资者注意投资 风 ...

关于苏州世华新材料科技股份有限公司 向特定对象发行股票 申请文件的审核问询函的回复 保荐机构（主承销商） （深圳市前海深港合作区南山街道桂湾五路128号前海深港基金小镇B7栋401） 上海证券交易所： 苏州世华新材料科技股份有限公司（以下简称"公司"、"发行人"或"世 华科技"）收到贵所于 2025 年 4 月 17 日下发的《关于苏州世华新材料科技股份 有限公司向特定对象发行股票申请文件的审核问询函》（上证科审（再融资）〔2025〕 39 号）（以下简称"《问询函》"），公司已会同华泰联合证券有限责任公司 （以下简称"华泰联合证券"、"保荐机构"）、北京植德律师事务所（以下简 称"律师"）、公证天业会计师事务所（特殊普通合伙）（以下简称"会计师"） 进行了认真研究和落实，并按照问询函的要求对所涉及的事项进行了资料补充和 问题回复，现提交贵所，请予以审核。 除非文义另有所指，本问询函回复使用的简称与《苏州世华新材料科技股份 有限公司 2025 年度向特定对象发行 A 股股票并在科创板上市募集说明书（申报 稿）》（以下简称"募集说明书"）中的释义相同。 本问询函回复的字体说明如下： | 问询函所列问题 | 黑体 ...

Core Viewpoint - The "Smart Consumption Industry Week" performance briefing highlighted the positive development signals in the smart consumption sector, showcasing the technological innovations and market expansions of participating companies [1] Group 1: Industry Trends - The "Artificial Intelligence +" initiative aims to accelerate the development and application of new technologies in the smart consumption sector, creating high-growth consumption opportunities [2] - The automotive industry's shift towards electrification and intelligence has opened a strategic window for the in-car projection market, with leading companies like XGIMI focusing on smart cockpit and smart lighting projections [3] Group 2: Company Performance - Hengxuan Technology reported a net profit of 191 million yuan in Q1 2025, a 590% increase year-on-year, driven by the rise of smart wearable devices and supportive national policies [2] - Zhuhai Guanyu continues to enhance its competitive edge in consumer batteries while developing sodium-ion and solid-state batteries, aiming for stable and efficient power supply in low-temperature scenarios [4] - Aolaide has maintained steady revenue growth in its materials business for five consecutive years, with ongoing upgrades to its OLED terminal materials and new product developments expected to gain market traction by 2025 [4][6] Group 3: Market Dynamics - Companies are experiencing robust production and sales growth due to consumer confidence recovery and local consumption subsidy policies [5] - Shihua Technology achieved revenues of 795 million yuan and a net profit of 280 million yuan in 2024, with a 442% increase in high-performance optical materials revenue, indicating strong market demand [6] - The maturation of OLED production processes is expected to lower manufacturing costs, facilitating the adoption of OLED displays in mid-range vehicles, thus expanding their market presence [6]

Group 1 - The core project focuses on high-end optical materials with a total investment of 740 million yuan and a construction period of 3 years, aiming to increase production capacity for polarizer protective films, OLED process protective films, and OCA optical adhesive films, which is expected to generate annual revenue of 1.392 billion yuan upon reaching full production [3] - The company has achieved import substitution in the optoelectronic display module materials sector, with clients including major enterprises like Samsung and BOE, indicating a strategic move to further penetrate the high-end market [3] - The company plans to enhance its core competitiveness through an innovation center project located in Shanghai, focusing on technology research and talent acquisition [3] Group 2 - In 2024, the company reported a 55% year-on-year revenue growth, reaching 795 million yuan, with a net profit of 280 million yuan, marking a 44% increase [4] - The high-performance optical materials segment saw a remarkable revenue increase of over 400%, totaling 218 million yuan, while functional electronic materials maintained a steady growth of 22% [4] - The growth trend continued into 2025, with Q1 revenue and net profit increasing by 92% and 111% year-on-year, respectively, validating the effectiveness of the company's strategic initiatives [4] Group 3 - The project faces certain risks and challenges, particularly with OLED process protective films and OCA optical adhesive films still in the customer certification phase, leading to uncertainties [5] - Upon reaching full production, the project will incur an additional annual depreciation expense of 42.39 million yuan, which could impact net profit if orders fall short of expectations [5] - To mitigate these risks, the company is increasing R&D investment, with R&D expenses accounting for 6.32% of total revenue in 2024, and plans to utilize 880 million yuan of idle funds for cash management to optimize financial efficiency [5] Group 4 - The company aims to leverage new projects and the Shanghai innovation center to deepen collaborations with universities and industry partners, striving to overcome technological barriers set by companies from the US, Japan, and South Korea in the high-end materials sector [6] - Future plans include actively expanding into upstream areas such as functional adhesives, creating material solutions that cover various scenarios including consumer electronics and new energy vehicles, thereby building a comprehensive material ecosystem [6] Group 5 - The Chinese optical film industry is steadily developing, supported by favorable policies, with companies like Yuxing Co. reporting a 71.27% year-on-year revenue growth in electronic optical polyester film business [7] - The demand for high-end composite optical films remains strong, with companies like Jizhi Technology reporting a 42.78% increase in sales for high-end display optical film products [7] - Despite domestic companies enhancing production capacity through technological upgrades, the overall supply-demand gap in the industry remains significant, highlighting ongoing reliance on imports for high-end optical films [7] Group 6 - The domestic optical film market is characterized by intense competition between local and foreign companies, with local firms holding a share in the mid-to-low-end market but facing challenges in the high-end sector due to technological barriers from foreign companies [8] - Companies like Changyang Technology have made significant breakthroughs in reflective film performance, challenging the long-standing monopolies of foreign manufacturers and driving industry technological advancement [8] - The high-end optical film and core raw materials still require substantial imports, while domestic exports are primarily concentrated in the mid-to-low-end segment, indicating a need for improvement in the competitive landscape of high-end optical films [8]

证券代码：688093 证券简称：世华科技 公告编号：2025-027 苏州世华新材料科技股份有限公司 关于部分募投项目结项并将节余募集资金永久补充 流动资金、部分募投项目募集资金使用完毕以及注销 相关募集资金专户的公告 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、准确性和完整性依法承担法律责任。 苏州世华新材料科技股份有限公司（以下简称"世华科技"或"公司"）2020 年度首次公开发行股票募集资金投资项目（以下简称"募投项目"）"功能性材料 扩产及升级项目"已完成建设并达到预定可使用状态，公司决定将其结项，并将 节余募集资金永久补充流动资金；2022 年度向特定对象发行 A 股股票募投项目 "新建高效密封胶项目"募集资金已使用完毕；公司将注销上述相关募集资金专 户。现将相关情况公告如下： 一、募集资金基本情况 （一）2020 年度首次公开发行股票募集资金情况 经中国证券监督管理委员会证监许可[2020]2013 号文同意，公司向社会公开 发行人民币普通股（A 股）43,000,000 股，发行价格为每股人民币 17.55 元，募 集资金总额为人民币7 ...

Core Insights - Pension funds have appeared in the top ten circulating shareholders of nine Sci-Tech Innovation Board stocks, with a total holding of 21.90 million shares valued at 862 million yuan at the end of the first quarter [1][2] - The pension funds have newly invested in two stocks, increased holdings in one stock, reduced holdings in two stocks, and maintained their positions in four stocks [1] Summary by Category Holdings Overview - The stock with the highest holding ratio by pension funds is Rongzhi Rixin, accounting for 4.53% of circulating shares, followed by Haitai Xinguang at 4.18% and Laisi Information at 2.71% [1] - The top three stocks by the number of shares held are Haitai Xinguang (5.04 million shares), Yubang Electric (3.74 million shares), and Rongzhi Rixin (3.70 million shares) [1] - The stocks with the highest market value held by pension funds are Rongzhi Rixin (194 million yuan), Haitai Xinguang (189 million yuan), and Laisi Information (150 million yuan) [1] Industry Focus - Pension fund holdings are primarily concentrated in the pharmaceutical and biotechnology, machinery equipment, and electric equipment industries, with two stocks from each sector represented [1] Performance Metrics - Among the stocks held by pension funds, seven reported year-on-year net profit growth in the first quarter, with Yubang Electric showing the highest increase of 168.08% [2] - The average decline of the Sci-Tech Innovation Board stocks held by pension funds since April is 3.52%, with Shihua Technology showing the best performance with a cumulative increase of 10.78% [2]

Summary of the Conference Call for Shihua Technology Company Overview - **Company**: Shihua Technology - **Industry**: Optical materials and electronic engineering materials Key Financial Performance - **Q1 2025 Revenue**: 256 million yuan, a year-on-year increase of 92.04% and a slight quarter-on-quarter increase [3] - **Net Profit**: 87.16 million yuan, a year-on-year increase of 111.23% [3] - **Gross Margin**: 52.61%, slightly down from 53.41% year-on-year [3] - **Net Margin**: 34.09%, with a slight year-on-year increase [3] - **Total Assets**: 2.183 billion yuan; **Net Assets**: 2.046 billion yuan as of March 31 [3] Business Segments and Contributions - **Optical Business Contribution**: Approximately 100 million yuan in revenue, accounting for about 40% of total sales, significantly benefiting from polarizer-related films and traditional optical module materials [4][5] - **Functional Electronic Materials**: The remaining revenue primarily comes from this segment, with a gross margin expected to be between 50% and 60% in the long term [9] Investment and Expansion Plans - **New Projects**: Initiated a 2.05 billion yuan high-performance optical adhesive film project and a 500 million yuan market expansion phase II project [4][6] - **Fundraising Plan**: Announced a capital increase plan to raise 600 million yuan for new product directions including high-performance optical adhesive films and OLED protective films [6][7] Market Dynamics and Future Outlook - **Order Fulfillment**: Strong order backlog for optical materials, with expected revenue from polarizer-related films projected between 250 million to 400 million yuan [12] - **Market Focus**: Targeting smart hardware sectors including chips, cameras, and display panels, with applications in nearly all major automotive brands [4][20] - **Domestic Supply Chain**: Low domestic production rate for electronic engineering materials, with a significant reliance on overseas suppliers [26] Challenges and Strategic Focus - **Profitability of Optical Business**: Current gross margin for optical business has not yet reached the targeted 30%-35% but is improving [9] - **Impact of Tariffs**: Minimal impact on upstream supply chains, but ongoing monitoring of end-user demand is necessary [17] - **High-End Market Focus**: Concentrating on high-end flagship models in the smartphone market, which represent a significant opportunity for functional materials [34] Additional Insights - **OLED Market Potential**: The market size for core materials is estimated between 15 billion to 20 billion yuan, with a goal to capture 10% market share in the long term [39] - **Emerging Markets**: Monitoring new opportunities in AR/VR and humanoid robotics, which may significantly influence material demand [35] This summary encapsulates the key points from the conference call, highlighting Shihua Technology's financial performance, business strategies, market dynamics, and future outlook.

核查意见 华泰联合证券有限责任公司（以下简称"华泰联合"或"保荐人"）作为苏 州世华新材料科技股份有限公司（以下简称"世华科技"或"公司"）首次公开 发行股票并在科创板上市和2022年度向特定对象发行A股股票并在科创板上市 及后续持续督导保荐人，根据《证券发行上市保荐业务管理办法》《上市公司监 管指引第2号——上市公司募集资金管理和使用的监管要求（2022年修订）》《上 海证券交易所科创板股票上市规则》等有关规定，对世华科技拟使用部分暂时闲 置募集资金进行现金管理事项进行了审慎核查，发表核查意见如下： 一、募集资金基本情况 1、2020 年首次公开发行股票募集资金 华泰联合证券有限责任公司 关于苏州世华新材料科技股份有限公司 使用部分暂时闲置募集资金进行现金管理的 经中国证券监督管理委员会证监许可[2020]2013 号文核准，世华科技向社会 公开发行人民币普通股（A 股）4,300 万股，发行价格为每股 17.55 元，募集资金 总额为人民币 75,465.00 万元，扣除发行费用 5,413.98 万元后，实际募集资金净 额为 70,051.02 万元。上述募集资金实际到位时间为 2020 年 9 月 2 ...