中信证券股份有限公司 关于苏州珂玛材料科技股份有限公司 首次公开发行网下配售限售股份上市流通的核查意见 中信证券股份有限公司（以下简称"保荐人"）作为苏州珂玛材料科技股份有限公 司（以下简称"珂玛科技"或"公司"）首次公开发行股票并在创业板上市的保荐人，根 据《证券发行上市保荐业务管理办法》《深圳证券交易所创业板股票上市规则》《深 圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等相关法 律、法规和规范性文件的规定，对珂玛科技首次公开发行网下配售限售股份上市流通 的事项进行了审慎核查，具体核查情况及意见如下： 一、首次公开发行网下配售股份概况 经中国证券监督管理委员会《关于同意苏州珂玛材料科技股份有限公司首次公开 发行股票注册的批复》（证监许可〔2024〕640号）同意注册，并经深圳证券交易所 同意，公司首次公开发行人民币普通股（A 股）7,500.00 万股，并于 2024 年 8 月 16 日在深圳证券交易所创业板上市。 首次公开发行股票前，公司总股本为 36,100.00 万股。首次公开发行股票后，公 司总股本为 43,600.00 万股，其中无流通限制及限售安排的股票数量为 5, ...

证券代码：301611 证券简称：珂玛科技 公告编号：2025-008 苏州珂玛材料科技股份有限公司 第三届董事会第一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、 董事会召开情况 苏州珂玛材料科技股份有限公司（以下简称"公司"）第三届董事会第一次会议 （以下简称"会议"）于 2025 年 2 月 11 日在江苏省苏州市虎丘区漓江路 58 号 6#厂 房东以现场结合通讯方式举行，因第三届董事会董事于当日选举产生，全体董事同 意豁免本次会议的通知时限要求，会议通知于 2025 年 2 月 11 日通过邮件方式发出。 会议应出席董事 7 人，实际出席董事 7 人（其中董事胡文先生、独立董事 RONG YIMING 先生、范春仙女士以通讯表决方式审议表决），公司监事、高级管理人员列 席了会议。本次会议的召开符合相关法律法规和《公司章程》的规定。 本次会议由全体董事共同推举刘先兵召集并主持，会议审议并以现场及在线记 名投票表决的方式通过各项议案，会议一致形成如下决议。 会议同意选举刘先兵先生为第三届董事会董事长，任期自本次董事会审议通过 之日起至 ...

苏州珂玛材料科技股份有限公司（以下简称"公司"）于 2025 年 2 月 11 日召开 了 2025 年第一次临时股东大会，审议通过了关于董事会及监事会换届选举的相关议 案，选举出公司第三届董事会及监事会成员。公司完成董事会和监事会换届选举后， 于同日召开了第三届董事会第一次会议、第三届监事会第一次会议，审议通过了选 举董事长、董事会各专门委员会委员、第三届监事会主席，并聘任公司高级管理人 员、证券事务代表等相关议案。现将相关情况公告如下： 证券代码：301611 证券简称：珂玛科技 公告编号：2025-007 苏州珂玛材料科技股份有限公司 关于董事会、监事会完成换届选举及 聘任高级管理人员、证券事务代表的公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、 第三届董事会、董事会各专门委员会、监事会组成情况 1、董事会成员： 非独立董事：刘先兵先生（董事长兼总经理）、胡文先生、仇劲松先生、黎宽先 生 独立董事：徐冬梅女士、RONG YIMING（融亦鸣）先生、范春仙女士 公司第三届董事会董事中兼任公司高级管理人员的董事人数总计未超过公司董 事总数的二分之 ...

第三届监事会第一次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、 监事会召开情况 苏州珂玛材料科技股份有限公司（以下简称"公司"）第三届监事会第一次会议 （以下简称"会议"）于 2025 年 2 月 11 日在江苏省苏州市虎丘区漓江路 58 号 6#厂 房东以现场方式举行，因第三届监事会监事于当日选举产生，全体监事同意豁免本 次会议的通知时限要求，会议通知于 2025 年 2 月 11 日通过邮件方式发出。会议应出 席监事 3 人，实际出席监事 3 人（公司 3 名监事张金霞、田学超、李军军全部出席了 本次会议）。本次会议的召开符合相关法律法规和《公司章程》的规定。 本次会议由全体监事共同推举张金霞女士为会议的召集人和主持人，会议审议 并以现场记名投票表决的方式通过各项议案，会议一致形成如下决议。 证券代码：301611 证券简称：珂玛科技 公告编号：2025-009 苏州珂玛材料科技股份有限公司 2025 年 2 月 11 日 会议同意选举张金霞女士为第三届监事会主席，任期自本次监事会审议通过之 日起至第三届监事会任期届满之日止。具体内容 ...

本所及本所律师依据法律法规及本法律意见出具日以前已经发生或者存在的事实, 严 格履行了法定职责, 遵循了勤勉尽责和诚实信用原则, 进行了充分的核查验证, 保证本法律 意见所认定的事实真实、准确、完整, 所发表的结论性意见合法、准确, 不存在虚假记载、 误导性陈述或者重大遗漏, 并承担相应法律责任。 在此基础上, 本所律师出具法律意见如下: 24SH7201012/WM/kw/cm/D2 一. 关于本次股东大会的召集、召开程序 上海市通力律师事务所 关于苏州珂玛材料科技股份有限公司 2025 年第一次临时股东大会的法律意见书 致: 苏州珂玛材料科技股份有限公司 上海市通力律师事务所(以下简称"本所")接受苏州珂玛材料科技股份有限公司(以下 简称"公司")的委托, 指派本所马宇曈律师、徐安昌律师(以下简称"本所律师")根据《中 华人民共和国公司法》《中华人民共和国证券法》《上市公司股东大会规则》等法律法规和 规范性文件(以下统称"法律法规")及《苏州珂玛材料科技股份有限公司章程》(以下简称 "公司章程")的规定就公司 2025 年第一次临时股东大会(以下简称"本次股东大会")相 关事宜出具法律意见。 本所律师已经 ...

证券代码：301611 证券简称：珂玛科技 公告编号：2025-006 苏州珂玛材料科技股份有限公司 2025 年第一次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 （2）网络投票时间：2025 年 2 月 11 日。其中，通过深圳证券交易所交易系统 进行网络投票的时间为 2025 年 2 月 11 日 9:15-9:25；9:30-11:30；13:00-15:00；通过 深圳证券交易所互联网投票系统投票的具体时间为 2025 年 2 月 11 日 9:15 至 2025 年 2 月 11 日 15:00 的任意时间。 2、股权登记日：2025 年 2 月 5 日（星期三）； 3、会议召开地点：江苏省苏州市虎丘区漓江路 58 号苏州科技城工业坊 B 区 6 号厂房； 4、会议召开方式：本次会议采取现场投票与网络投票相结合的方式； 5、会议召集人：公司董事会； 特别提示： 1、本次股东大会未出现否决议案的情形； 2、本次股东大会未涉及变更以往股东大会已通过的决议的情形。 一、 会议召开和出席情况 1、会议召开的时间： （1）现场会议时间 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [6] Core Views - The company is expected to achieve significant growth in its annual performance, driven by the accelerated release of ceramic heaters and a rapid increase in customer procurement demand [2][3] - The forecasted revenue for 2024 is between 840 million to 860 million yuan, representing a year-on-year growth of 74.83% to 79.00%, while the net profit attributable to the parent company is expected to be between 302 million to 312 million yuan, reflecting a year-on-year increase of 268.92% to 281.14% [2][10] - The growth is attributed to the domestic substitution of key components in semiconductor equipment, successful industrialization of new products and materials, and a rebound in global semiconductor capital expenditure [3][4] Summary by Sections Revenue and Profit Forecast - For 2024, the company anticipates revenue of 8.48 billion yuan, with growth rates of 76.5% for 2024, 33.0% for 2025, and 25.6% for 2026 [5][11] - The net profit for 2024 is projected at 309 million yuan, with growth rates of 277.1% for 2024, 39.7% for 2025, and 30.1% for 2026 [10][11] Product Development and Market Demand - The company has accelerated the release of ceramic heaters, which are crucial components for semiconductor wafer manufacturers, addressing key bottlenecks in the industry [3] - New products and materials have been successfully industrialized, with a focus on high-value, high-technical-difficulty products such as ceramic heaters and electrostatic chucks [4] - The demand from customers in the semiconductor sector is rapidly increasing, driven by a recovery in capital expenditure and the ongoing push for domestic production of key components [4] Financial Metrics - The company’s total market capitalization is approximately 25.64 billion yuan, with a circulating market value of about 3.32 billion yuan [6] - The earnings per share (EPS) for 2024 is expected to be 0.71 yuan, with a projected price-to-earnings (P/E) ratio of 83.1 for 2024, decreasing to 45.7 by 2026 [11]

Group 1 - The core point of the article is that Kema Technology (301611) announced a profit forecast for 2024, expecting a net profit of 302 million to 312 million yuan, representing a year-on-year growth of 268.92% to 281.14% [1] Group 2 - Kema Technology's stock closed at 58.81 yuan, down 1.49%, with a turnover rate of 8.77% and a trading volume of 293 million yuan, showing a decline of 2.89% over the past five days [1] Group 3 - A statistical analysis of stocks with profit forecasts exceeding 50% indicates that 66.10% of these stocks experienced price increases on the day of the announcement, with 25 companies hitting the daily limit up [1] - Over a five-day period following the announcement, 73.58% of these stocks saw price increases [1]

Financial Projections - The company's revenue for 2024 is projected to be between 840 million and 860 million yuan, representing a year-on-year growth of 74.83% to 79.00% compared to 480.45 million yuan in the previous year[4]. - Net profit attributable to shareholders is expected to be between 302 million and 312 million yuan, indicating a significant increase of 268.92% to 281.14% from 81.86 million yuan in the same period last year[4]. - The net profit after deducting non-recurring gains and losses is forecasted to be between 294 million and 304 million yuan, reflecting a growth of 278.43% to 291.30% compared to 77.69 million yuan last year[4]. Performance Drivers - The substantial growth in performance is attributed to the domestic replacement of ceramic heaters for semiconductor equipment, addressing critical component shortages in the industry[6]. - Increased global semiconductor capital expenditure and rising downstream demand have led to a rapid growth in procurement from major semiconductor equipment manufacturers, boosting sales revenue of advanced ceramic components[7]. R&D Investments - The company has intensified its R&D investments, focusing on the development of ceramic heaters, electrostatic chucks, and ultra-pure silicon carbide kits, among other key products[7].

Investment Rating - The investment rating for the company is "Buy" and is maintained [1] Core Insights - The company has achieved a revenue CAGR of over 28% from 2019 to 2023, driven by advanced ceramic components and semiconductor equipment surface treatment services [7][20] - The company focuses on the research and development of ceramic heaters, electrostatic chucks, and ultra-pure silicon carbide kits, with a global market demand exceeding 10 billion yuan, indicating significant potential for domestic substitution [7][40] - The surface treatment market for semiconductor equipment parts in China is projected to reach 7.5 billion yuan by 2026, with the company concentrating on the display panel sector and gradually establishing semiconductor surface treatment capacity [7][84] Summary by Sections Business Overview - The company primarily engages in the R&D, manufacturing, sales, and service of advanced ceramic components and surface treatment for semiconductor equipment, with a strong foundation in materials such as alumina, zirconia, aluminum nitride, silicon carbide, yttrium oxide, and titanium oxide [7][20] - The revenue from advanced ceramic components and surface treatment services has shown robust growth, with the latest quarterly revenue reaching 620 million yuan, of which 550 million yuan came from ceramic components [7][20] Financial Performance - The company forecasts revenues of 852 million yuan, 1.105 billion yuan, and 1.412 billion yuan for 2024, 2025, and 2026 respectively, with corresponding net profits of 317 million yuan, 426 million yuan, and 565 million yuan [8][109] - The projected P/E ratios for 2024, 2025, and 2026 are 83.28, 61.94, and 46.74 respectively, indicating a strong growth outlook [8][109] Market Position - The company is a leading domestic supplier of advanced ceramic components for semiconductor equipment, serving major manufacturers such as North Huachuang, Zhongwei Company, and Shanghai Microelectronics [7][40] - The global market demand for ceramic heaters, electrostatic chucks, and ultra-pure silicon carbide kits is estimated to be between 4.2 billion to 5.7 billion yuan, 3.6 billion to 4.2 billion yuan, and 1.5 billion to 1.9 billion yuan respectively [7][108] R&D and Product Development - The company is focused on enhancing its product offerings in advanced ceramics, particularly in high-value modules such as ceramic heaters and electrostatic chucks, while also exploring new materials like titanium oxide and ultra-pure silicon carbide [7][82] - The company has developed over 13,000 customized components since 2019, showcasing its strong R&D capabilities [67] Surface Treatment Services - The company provides surface treatment services that are critical for maintaining the cleanliness and performance of semiconductor equipment, with a significant portion of its revenue derived from this segment [86][100] - The surface treatment market is expected to grow alongside investments in semiconductor and display panel manufacturing, with the company aiming to capture a larger share of this market [91][100]