002080SZSE
🚨 Material Event

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

✨ 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 related to operating performance volatility, fluctuations in product and raw material prices, and industry cyclicality. Additionally, the company notes potential challenges regarding the technical iteration of its products, increased industry competition, and the ability to digest 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.

(Sinoma Science & Technology Co., Ltd.)

(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

(Registration Draft)

Sponsor (Lead Underwriter)

(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: July 2026

Statement

The Company and all directors, members of the Board Audit and Rule of Law Construction Committee, and senior management promise that the prospectus and other information disclosure materials do not contain any false records, misleading statements, or major omissions, and bear corresponding legal responsibility 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 that the financial and accounting information in the prospectus is true and complete.

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

According to the provisions of 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 caused by changes in the issuer's operations and earnings or fluctuations in securities prices after the securities are issued in accordance with the law.

Important Matters Notice

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

  1. Special Risk Warning

Investors are reminded to carefully read the content of "Section VII: Risk Factors Related to This Issuance" in this prospectus and pay attention to 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. Operating performance shows a certain degree of volatility.

The development of the new energy and new material industries in which the Company operates is affected by factors such as industrial policies, customer demand, and production capacity supply. The linkage between demand cycles and expansion cycles leads to obvious cyclical characteristics in the industry. In the early part of the reporting period, the Company's glass fiber and products, wind power blades, and other products faced insufficient demand growth in downstream construction materials and wind power. The industry as a whole experienced oversupply and price declines, leading to a significant decline in the Company's performance in 2024. In 2025, with the improvement of downstream wind power and electronic cloth demand, the Company's performance rebounded. If the macroeconomic environment, market supply and demand relationship, competitive landscape, or raw material prices in which the Company operates undergo major changes and the Company fails to formulate effective response measures, it may have an adverse impact on the Company's operating performance.

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

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