东睦股份2025年度利润分配后股份发行价格调整公告详解
要点摘要
- 东睦新材料集团股份有限公司（东睦股份，600114）宣布因实施2025年度利润分配，公司发行股份及支付现金购买资产并募集配套资金暨关联交易所涉发行股份购买资产的股份发行价格由14.69元/股调整为14.39元/股。
- 此次价格调整直接关系到公司正在进行的重大资产重组项目，涉及以发行股份及支付现金方式收购上海富驰高科技股份有限公司34.75%股权。
- 本次交易尚需获得中国证监会同意注册后方可实施，存在一定不确定性。
- 此次利润分配及价格调整属于公司重大事项，对公司未来股本结构、现金流及投资者回报均有直接影响，可能对公司股价产生影响。
详细内容
一、交易背景与方案介绍
东睦股份拟通过发行股份及支付现金方式，向包括深圳市远致星火私募股权投资基金合伙企业（有限合伙）、钟伟、上海创精投资咨询合伙企业（有限合伙）、宁波华莞企业管理合伙企业（有限合伙）、宁波富精企业管理合伙企业（有限合伙）在内的5名交易对方，收购其合计持有的上海富驰高科技股份有限公司34.75%股权，并同时募集配套资金。此次交易为公司近年来规模较大的并购重组举措，目的在于增强公司技术实力与市场竞争力。
二、股份发行价格的制定与调整机制
本次购买资产所涉发行股份的定价基准日为公司第八届董事会第十四次会议决议公告日。最初协商定价为14.99元/股，满足不低于定价基准日前120个交易日公司股票交易均价的80%，符合《上市公司重大资产重组管理办法》要求。
若定价基准日至发行结束期间，公司发生派息、送股、资本公积转增股本等事项，发行价格将按规定公式进行调整。例如，派送现金红利时，调整方法为：调整后价格 = 调整前价格 – 每股分红金额。
三、2025年度利润分配实施情况
2026年5月11日，公司股东大会审议通过2025年度利润分配预案，确认以2025年度利润分配实施公告确定的股权登记日可分配股本为基础，每10股派发现金红利3.00元（含税），即每股派发0.30元（含税）。
以总股本631,383,477股为基数，现金红利总额为189,415,043.10元。股权登记日为2026年5月22日，除权（息）日为2026年5月25日，利润分配已于同日实施完成。
四、股份发行价格的历次调整
- 2025年4月24日，原定发行价格为14.99元/股。
- 2025年5月9日，因实施2024年度利润分配（每股派发0.30元现金红利），发行价格调整至14.69元/股。
- 2026年5月25日，因实施2025年度利润分配（每股再派发0.30元现金红利），发行价格再次由14.69元/股调整为14.39元/股。
五、对股东及投资者的影响与风险提示
盈利分配与股份发行价格调整直接影响公司融资及并购成本、现有股东权益和未来分红能力，属于公司重大敏感事项。
此外，本次交易尚需中国证监会同意注册后方可实施，存在能否最终获批及获批时间的不确定性，提醒投资者密切关注后续进展公告，理性投资，注意风险。
免责声明
本文仅供信息参考，不构成任何投资建议。投资者在决策前应充分了解相关风险，并以公司在上海证券交易所官方网站披露的公告信息为准。公司未来股价可能受本次交易进展、利润分配、股份发行价格调整等多重因素影响，请谨慎决策。
English Version
Detailed Analysis: Price Adjustment of NBTM New Materials’ Share Issuance Post 2025 Dividend Distribution
Key Highlights
- NBTM New Materials Group Co., Ltd. (NBTM, 600114) announced that, due to the completion of the 2025 annual profit distribution, the share issuance price for its ongoing asset acquisition and fundraising transactions will be adjusted from RMB 14.69/share to RMB 14.39/share.
- This price adjustment is directly related to a major asset restructuring project, involving the acquisition (via shares and cash) of a 34.75% equity stake in Shanghai Fuchi High-tech Co., Ltd.
- The transaction is still pending registration approval from the China Securities Regulatory Commission (CSRC), with uncertainty regarding approval and timing.
- This dividend distribution and price adjustment constitute a material event for the company, impacting capital structure, cash flow, and investor returns, and may potentially affect the share price.
Detailed Content
1. Background and Transaction Structure
NBTM plans to acquire a 34.75% stake in Shanghai Fuchi High-tech Co., Ltd. from five counterparties (including Shenzhen Yuanzhi Xinghuo Private Equity Investment Fund Partnership, Zhong Wei, Shanghai Chuangjing Investment Consulting Partnership, Ningbo Huaguan Enterprise Management Partnership, and Ningbo Fujing Enterprise Management Partnership) through a combination of share issuance and cash, while also raising supporting funds. This is a significant M&A move aiming to strengthen NBTM’s technological capabilities and market position.
2. Share Issuance Pricing and Adjustment Mechanism
The initial pricing base date was set as the date of the 14th meeting of the company’s 8th board of directors. The originally agreed price was RMB 14.99/share, which complies with CSRC rules (not below 80% of the average trading price in the 120 trading days prior to the base date).
The pricing is subject to adjustment if, between the base date and the completion of the issuance, the company undertakes dividend distributions, bonus share issues, or capital reserve conversions. For cash dividend distributions, the adjustment formula is: New price = Old price – Dividend per share.
3. 2025 Annual Profit Distribution Implementation
On May 11, 2026, the AGM approved the 2025 profit distribution plan: a cash dividend of RMB 3.00 (tax inclusive) per 10 shares, i.e., RMB 0.30 per share, based on the total share capital of 631,383,477 shares. The total cash dividend distributed amounts to RMB 189,415,043.10. The record date was May 22, 2026, and ex-dividend date May 25, 2026. The dividend payment was completed on the same day.
4. Share Issuance Price Adjustment History
- April 24, 2025: Original price set at RMB 14.99/share.
- May 9, 2025: After the 2024 dividend (RMB 0.30/share), price was adjusted to RMB 14.69/share.
- May 25, 2026: After the 2025 dividend (RMB 0.30/share), price is further adjusted to RMB 14.39/share.
5. Impact for Shareholders and Investors: Risks and Opportunities
This profit distribution and the resulting share price adjustment will directly affect NBTM’s financing and M&A costs, current shareholder interests, and future dividend capability, making it a price-sensitive and material event.
Moreover, final implementation is subject to CSRC registration approval, with uncertainty regarding outcome and timing. Investors should closely monitor future announcements, act rationally, and be aware of potential risks.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should fully understand the risks before making decisions, and rely on information officially disclosed by the company on the Shanghai Stock Exchange website. NBTM’s future share price may be influenced by the progress of this transaction, profit distribution, and share issuance price adjustment. Please invest prudently.
