{ "artifact_type": "rolling_company_event_update", "schema_version": "seed.earnings-season-timeline.v2.6", "company": { "name": "Kingboard Laminates Holdings Limited", "name_zh": "建滔积层板控股有限公司", "ticker": "01888.HK" }, "as_of": "2026-08-26", "timezone": "Asia/Shanghai", "research_boundary": "公开主源研究辅助，不构成投资建议。", "timeline_range": { "start": "2026-07-30", "active_12_week_end": "2026-11-18", "reporting_outer_end": "2027-04-30", "hard_event_horizon_end": "2028-12-31" }, "lifecycle_updates": [ { "event_id": "2026h1-results", "previous_status": "scheduled", "current_status": "completed", "updated_at": "2026-08-24", "reason": "HKEX发布正式中期业绩并回填actual/variance。" } ], "events": [ { "event_id": "2026h1-results", "title": "2026H1业绩公告", "category": "earnings", "lifecycle_status": "completed", "date_status": "confirmed", "event_date_start": "2026-08-24", "event_date_end": "2026-08-24", "importance": "high", "baseline_as_of": "2026-07-30", "baseline_snapshot": { "facts": [ "盈利预喜预计归母利润不少于HKD2.8bn且同比增长不少于200%。" ], "reported_claims": [], "interpretation": "开口下限，不能用点估计计算标准化surprise。" }, "key_metrics": [ "revenue", "EBITDA", "PBT", "parent_net_profit", "diluted_EPS", "interim_dividend", "net_gearing", "working_capital", "capex" ], "actual_results": { "revenue_hkd_m": 14903.809, "revenue_yoy_pct": 55, "ebitda_hkd_m": 4130.3, "ebitda_yoy_pct": 143, "pbt_hkd_m": 3515.023, "pbt_yoy_pct": 200, "parent_net_profit_hkd_m": 2886.561, "parent_net_profit_yoy_pct": 209, "diluted_eps_hkd": 0.909, "interim_dividend_hkd": 0.28, "net_gearing_pct": 30, "fvtpl_loss_hkd_m": 269.242, "laminates_revenue_hkd_m": 14774.758, "laminates_result_hkd_m": 3830.23 }, "variance": { "vs_profit_alert_floor_hkd_m": 86.561, "vs_profit_alert_floor_pct_points": 9, "classification": "met_and_exceeded_open_lower_bound", "caveat": "预喜仅给下限，不能称为相对一致预期beat。" }, "next_check_at": "2026-09-30", "source_refs": [ "S1", "S11" ], "source_gap": "完整中期报告现金流量表、购股权滚动和更细产能/ASP资料待补。" }, { "event_id": "shaoguan-fabric-q3-2026", "title": "韶关95百万米玻纤布产能全面投产目标", "category": "capacity", "lifecycle_status": "scheduled", "date_status": "window", "event_date_start": "2026-07-01", "event_date_end": "2026-09-30", "importance": "high", "baseline_as_of": "2026-08-26", "baseline_snapshot": { "facts": [], "reported_claims": [], "interpretation": "仅作为待验证事件，不假定按时投产或产生利润。" }, "key_metrics": [ "commissioning status", "incremental fabric capacity", "utilization", "yield" ], "actual_results": null, "variance": null, "next_check_at": "2026-09-30", "source_refs": [ "S1" ], "source_gap": "公司目标；具体日期、爬坡良率和商业出货未披露。" }, { "event_id": "qingyuan-kilns-h2-2026", "title": "清远两座特种玻纤纱窑投产目标", "category": "capacity", "lifecycle_status": "scheduled", "date_status": "TBA_window", "event_date_start": "2026-07-01", "event_date_end": "2026-12-31", "importance": "high", "baseline_as_of": "2026-08-26", "baseline_snapshot": { "facts": [], "reported_claims": [], "interpretation": "仅作为待验证事件，不假定按时投产或产生利润。" }, "key_metrics": [ "kilns commissioned", "tonnage", "utilization", "customer qualification" ], "actual_results": null, "variance": null, "next_check_at": "2026-12-31", "source_refs": [ "S1" ], "source_gap": "仅H2区间，无确切投产日和产量曲线。" }, { "event_id": "interim-dividend-transfer", "title": "中期股息过户截止", "category": "dividend", "lifecycle_status": "scheduled", "date_status": "confirmed", "event_date_start": "2026-12-14", "event_date_end": "2026-12-14", "importance": "medium", "baseline_as_of": "2026-08-26", "baseline_snapshot": { "facts": [], "reported_claims": [], "interpretation": "仅作为待验证事件，不假定按时投产或产生利润。" }, "key_metrics": [ "transfer documents received by 16:00", "eligibility" ], "actual_results": null, "variance": null, "next_check_at": "2026-12-14", "source_refs": [ "S1" ], "source_gap": "执行性登记事件；仍以过户处最新操作安排为准。" }, { "event_id": "interim-dividend-record", "title": "中期股息记录日", "category": "dividend", "lifecycle_status": "scheduled", "date_status": "confirmed", "event_date_start": "2026-12-16", "event_date_end": "2026-12-16", "importance": "high", "baseline_as_of": "2026-08-26", "baseline_snapshot": { "facts": [], "reported_claims": [], "interpretation": "仅作为待验证事件，不假定按时投产或产生利润。" }, "key_metrics": [ "record date", "dividend HKD0.28 per share" ], "actual_results": null, "variance": null, "next_check_at": "2026-12-16", "source_refs": [ "S1" ], "source_gap": "股息金额已公告；需核对实际股本。" }, { "event_id": "interim-dividend-payment", "title": "中期股息预计派付", "category": "dividend", "lifecycle_status": "scheduled", "date_status": "confirmed_approximate", "event_date_start": "2027-01-05", "event_date_end": "2027-01-05", "importance": "high", "baseline_as_of": "2026-08-26", "baseline_snapshot": { "facts": [], "reported_claims": [], "interpretation": "仅作为待验证事件，不假定按时投产或产生利润。" }, "key_metrics": [ "cash paid", "dividend per share", "total cash distribution" ], "actual_results": null, "variance": null, "next_check_at": "2027-01-05", "source_refs": [ "S1" ], "source_gap": "公司使用约/around日期；实际到账和总额待核。" }, { "event_id": "fy2026-prelim", "title": "FY2026初步业绩外层窗口", "category": "earnings", "lifecycle_status": "scheduled", "date_status": "TBA_regulatory_window", "event_date_start": "2027-01-01", "event_date_end": "2027-03-31", "importance": "high", "baseline_as_of": "2026-08-26", "baseline_snapshot": { "facts": [], "reported_claims": [], "interpretation": "仅作为待验证事件，不假定按时投产或产生利润。" }, "key_metrics": [ "revenue", "gross margin", "parent net profit", "EPS", "dividend", "net debt", "CFO", "capex" ], "actual_results": null, "variance": null, "next_check_at": "2027-03-31", "source_refs": [ "S8" ], "source_gap": "董事会日期尚未公告；3个月为HKEX最迟外层窗口。" }, { "event_id": "lianzhou-yarn-q1-2027", "title": "连州超细玻纤纱二期10,000吨目标", "category": "capacity", "lifecycle_status": "scheduled", "date_status": "TBA_window", "event_date_start": "2027-01-01", "event_date_end": "2027-03-31", "importance": "medium", "baseline_as_of": "2026-08-26", "baseline_snapshot": { "facts": [], "reported_claims": [], "interpretation": "仅作为待验证事件，不假定按时投产或产生利润。" }, "key_metrics": [ "commissioning", "10,000 tonnes capacity", "yield", "utilization" ], "actual_results": null, "variance": null, "next_check_at": "2027-03-31", "source_refs": [ "S1" ], "source_gap": "公司目标，确切日期、认证和订单未披露。" }, { "event_id": "fy2026-annual-report", "title": "FY2026年报外层窗口", "category": "filing", "lifecycle_status": "scheduled", "date_status": "TBA_regulatory_window", "event_date_start": "2027-01-01", "event_date_end": "2027-04-30", "importance": "high", "baseline_as_of": "2026-08-26", "baseline_snapshot": { "facts": [], "reported_claims": [], "interpretation": "仅作为待验证事件，不假定按时投产或产生利润。" }, "key_metrics": [ "audited financial statements", "cash flow", "KAM", "related parties", "options", "covenants", "capex" ], "actual_results": null, "variance": null, "next_check_at": "2027-04-30", "source_refs": [ "S9" ], "source_gap": "年报日期尚未公告；4个月为HKEX最迟外层窗口。" }, { "event_id": "qingyuan-fabric-h1-2027", "title": "清远78百万米特种玻纤布目标", "category": "capacity", "lifecycle_status": "scheduled", "date_status": "TBA_window", "event_date_start": "2027-01-01", "event_date_end": "2027-06-30", "importance": "medium", "baseline_as_of": "2026-08-26", "baseline_snapshot": { "facts": [], "reported_claims": [], "interpretation": "仅作为待验证事件，不假定按时投产或产生利润。" }, "key_metrics": [ "commissioning", "78m metres capacity", "qualification", "utilization" ], "actual_results": null, "variance": null, "next_check_at": "2027-06-30", "source_refs": [ "S1" ], "source_gap": "公司目标，确切投产和客户认证未披露。" }, { "event_id": "pingxiang-phase1-mid-2027", "title": "萍乡覆铜面板/半固化片一期目标", "category": "capacity", "lifecycle_status": "scheduled", "date_status": "TBA_window", "event_date_start": "2027-04-01", "event_date_end": "2027-08-31", "importance": "high", "baseline_as_of": "2026-08-26", "baseline_snapshot": { "facts": [], "reported_claims": [], "interpretation": "仅作为待验证事件，不假定按时投产或产生利润。" }, "key_metrics": [ "350k sheets per month", "commissioning", "utilization", "revenue contribution" ], "actual_results": null, "variance": null, "next_check_at": "2027-06-30", "source_refs": [ "S1" ], "source_gap": "“mid-2027”转为研究区间；无合同硬日期。" }, { "event_id": "nansha-fabric-q3-2027", "title": "南沙150百万米玻纤布目标", "category": "capacity", "lifecycle_status": "scheduled", "date_status": "TBA_window", "event_date_start": "2027-07-01", "event_date_end": "2027-09-30", "importance": "medium", "baseline_as_of": "2026-08-26", "baseline_snapshot": { "facts": [], "reported_claims": [], "interpretation": "仅作为待验证事件，不假定按时投产或产生利润。" }, "key_metrics": [ "commissioning", "150m metres capacity", "utilization" ], "actual_results": null, "variance": null, "next_check_at": "2027-09-30", "source_refs": [ "S1" ], "source_gap": "公司目标，具体日程和爬坡计划未披露。" }, { "event_id": "qingyuan-copper-foil-q3-2027", "title": "清远21,000吨铜箔目标", "category": "capacity", "lifecycle_status": "scheduled", "date_status": "TBA_window", "event_date_start": "2027-07-01", "event_date_end": "2027-09-30", "importance": "medium", "baseline_as_of": "2026-08-26", "baseline_snapshot": { "facts": [], "reported_claims": [], "interpretation": "仅作为待验证事件，不假定按时投产或产生利润。" }, "key_metrics": [ "commissioning", "21k tonnes capacity", "yield", "utilization" ], "actual_results": null, "variance": null, "next_check_at": "2027-09-30", "source_refs": [ "S1" ], "source_gap": "公司目标；铜价、良率、客户认证与经济性未披露。" }, { "event_id": "loom-plan-2028", "title": "织机与玻纤布产能2028目标", "category": "capacity", "lifecycle_status": "scheduled", "date_status": "TBA_year", "event_date_start": "2028-01-01", "event_date_end": "2028-12-31", "importance": "medium", "baseline_as_of": "2026-08-26", "baseline_snapshot": { "facts": [], "reported_claims": [], "interpretation": "仅作为待验证事件，不假定按时投产或产生利润。" }, "key_metrics": [ "looms 5,833", "fabric capacity 1.05bn metres", "specialty fabric 100m metres", "utilization", "ROIC" ], "actual_results": null, "variance": null, "next_check_at": "2028-06-30", "source_refs": [ "S1" ], "source_gap": "长期管理层目标，不是合同承诺；需逐年核验资本开支、利用率和回报。" } ], "source_gaps": [ "未来产能多为公司目标区间而非合同保证。", "FY2026业绩/年报只有规则外层窗口，董事会日期TBA。", "H1现金流与单位ASP/利用率仍缺。" ], "status": "needs_human_review" }