002080SZSE
🚨 Material Event

Sinoma Science & Technology Co., Ltd. 2025 Prospectus for Issuance of A-Shares to Specific Targets and Listing on the Main Board (Revised Draft)

Sinoma Science and Technology Co., Ltd.··114 pages

✨ AI Summary

Sinoma Science & Technology Co., Ltd. is issuing A-shares to specific targets to fund the expansion of its specialty fiber cloth production capacity. The company highlights risks including operating performance volatility, fluctuations in product and raw material prices, and industry cyclicality. Additionally, the company faces risks related to the technical iteration of its products, intensified market competition, and the potential inability to fully utilize the newly added production capacity.

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Full Translation

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Stock Abbreviation: Sinoma Science & Technology Stock Code: 002080 Sinoma Science & Technology Co., Ltd. (Address: No. 99 Tongtian Road, Jiangning Science Park, Nanjing, Jiangsu Province)

2025 Prospectus for Issuance of A-Shares to Specific Targets and Listing on the Main Board (Revised Draft)

Sponsor (Lead Underwriter): Huatai United Securities Co., Ltd. (Address: Room 401, Building B7, Qianhai Shenzhen-Hong Kong Fund Town, No. 128 Guiwan Fifth Road, Nanshan Street, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen)

Announcement Date: June 2026

Statement

The Company and all directors, members of the Audit and Rule of Law Construction Committee of the Board of Directors, and senior management warrant that the prospectus and other information disclosure materials do not contain any false records, misleading statements, or major omissions, and assume corresponding legal liability for their authenticity, accuracy, and completeness.

The Company's person-in-charge, the person-in-charge of accounting work, and the person-in-charge of the accounting institution guarantee the authenticity and completeness of the financial and accounting data in the prospectus.

Any decision or opinion made by the CSRC or the Shenzhen Stock Exchange regarding this issuance does not indicate their guarantee of the authenticity, accuracy, or completeness of the application documents and disclosed information, nor does it constitute a substantive judgment or guarantee of the issuer's profitability, investment value, or investor returns. Any statement to the contrary is a false representation.

According to the Securities Law, after the securities are issued in accordance with the law, the issuer is responsible for changes in its operations and earnings. Investors shall independently judge the investment value of the issuer, make their own investment decisions, and bear the investment risks arising from changes in the issuer's operations and earnings or fluctuations in securities prices after the issuance.

Major Matters Notice

The Company specifically requests that investors carefully read the full content of this prospectus and pay special attention to the following important matters before making investment decisions.

I. Special Risk Warning

Investors are reminded to carefully read the content of "Section VII: Risk Factors Related to This Issuance" in this prospectus and note the investment risks.

(I) Risk of Operating Performance Volatility

During the reporting period, the Company's operating income was 2,589,263.43 ten thousand yuan, 2,398,385.00 ten thousand yuan, and 3,019,548.77 ten thousand yuan, respectively. Net profit after deducting non-recurring gains and losses attributable to the parent company was 196,608.39 ten thousand yuan, 38,355.03 ten thousand yuan, and 128,303.47 ten thousand yuan, respectively, indicating a certain volatility in operating performance.

The development of the new energy and new material industries in which the Company operates is influenced by industrial policies, customer demand, and capacity supply. The linkage between demand cycles and expansion cycles leads to obvious cyclical characteristics in the industry. At the beginning of the reporting period, the Company's glass fiber and products, wind turbine blades, and other products faced insufficient growth in downstream construction materials and wind power demand. The industry experienced oversupply and price declines, leading to a significant decline in the Company's performance in 2024. In 2025, with the improvement in downstream wind power and electronic cloth demand, the Company's performance rebounded. If the macroeconomic environment, market supply and demand, competitive landscape, or raw material prices change significantly and the Company fails to take effective measures to respond, it may have an adverse impact on the Company's operating performance.

(II) Risk of Gross Margin Decline Due to Product and Raw Material Price Fluctuations

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