Introduction
China National Materials Technology Co., Ltd. and Huatai United Securities Co., Ltd. (the sponsor) have submitted a reply report regarding the review inquiry letter issued by the Shenzhen Stock Exchange on December 2, 2025, concerning the application for issuing shares to specific objects (Inquiry Letter [2025] No. 120057).
Compliance with Inquiry Letter
In accordance with the requirements of the inquiry letter, the company, along with relevant parties including Beijing Zhide Law Firm and Zhongshen Zhonghuan Accounting Firm, has verified the issues listed in the inquiry letter and made modifications, supplements, and explanations to the application materials. This report provides a written response to each item in the inquiry letter and submits it for review.
Notes
- Unless otherwise specified, the abbreviations and definitions used in this reply report are consistent with those in the "Prospectus for the Issuance of A Shares by China National Materials Technology Co., Ltd. in 2025" (hereinafter referred to as the "Prospectus"). Any supplementary disclosures or modifications to the Prospectus are highlighted in bold italics in this report.
- Minor discrepancies may exist between individual data totals and the overall totals in some tables due to rounding.
- The font specifications in this report are as follows:
- Questions listed in the inquiry letter: Regular font (not bold)
- Responses to the questions: Song font (Chinese), Times New Roman (English)
- Modifications to the Prospectus and other application documents: Bold italics
Inquiry Items
Question 1
According to the application materials, there is a competitive relationship between the controlling shareholder, actual controller, and other enterprises they control, specifically between China Jushi and China National Materials Technology in the fiberglass and products sector. During the reporting period, the company engaged in related transactions such as purchasing goods and services from related parties, as well as selling goods and providing services. The fundraising project for this issuance involves the expansion and upgrading of existing specialty fiber cloth products. The company's net profit attributable to the parent company during the reporting period was 216.81 million yuan, 196.61 million yuan, 38.36 million yuan, and 119.73 million yuan, with overall gross profit margins of 23.57%, 23.98%, 17.02%, and 19.68%, showing a fluctuating trend. At the end of each reporting period, the book value of the company's construction in progress was 409.00 million yuan, 605.39 million yuan, 1,065.90 million yuan, and 808.61 million yuan, respectively.