证券之星消息，9月22日化学纤维板块较上一交易日上涨0.42%，吉林化纤领涨。当日上证指数报收于 3828.58，上涨0.22%。深证成指报收于13157.97，上涨0.67%。化学纤维板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000420 | 吉林化纤 | 4.74 | 7.73% | 435.20万 | 20.58亿 | | 836077 | 吉林碳谷 | 15.22 | 3.40% | 12.13万 | 1.85亿 | | 600810 | 神马股份 | 10.41 | 3.27% | 33.07万 | 3.41亿 | | 603382 | 海阳科技 | 38.20 | 2.36% | - 3.99万 | 1.50亿 | | 000949 | 新乡化纤 | 4.32 | 2.13% | 60.84万 | 2.62亿 | | 600370 | 三房巷 | 2.12 | 1.44% | 36.99万 | 7727.68万 | | 300905 | 宝丽迪 | 35. ...

Investment Rating - The report maintains a positive outlook on the construction materials industry, indicating a recovery in the consumption segment and a price increase cycle for fiberglass products [1][5][7]. Core Insights - The construction materials sector is showing signs of recovery, with the fundamentals entering a positive phase, particularly in real estate sales and construction starts [1][20][21]. - A price increase cycle for fiberglass products is anticipated, driven by supply-demand dynamics and market conditions [2][6][7]. - The cement industry is entering a peak season with price increases observed in various regions, supported by policy measures aimed at limiting overproduction [4][27][28]. Summary by Sections Construction Materials - The consumption construction materials sector is stabilizing, with expectations of improved revenue performance starting in Q3 2025 due to lower revenue baselines and reduced price competition [1][20][21]. - Companies like Hanhigh Group and Sankeshu are already showing growth, with expectations for Dongfang Yuhong to follow suit [1][15]. Fiberglass - The fiberglass market is experiencing a price increase cycle, with major companies discussing price hikes for various products, including low dielectric fabrics [2][6]. - The supply-demand balance is shifting positively, with larger manufacturers maintaining good inventory control while smaller producers are adjusting prices upward [6][7]. Cement - The cement market is witnessing a slight price increase, with specific regions like Jiangsu and Anhui implementing price hikes [4][27]. - The report highlights the potential for growth in the cement sector due to policy support and overseas expansion opportunities [27][28]. Investment Recommendations - Companies such as China Jushi, Zhongcai Technology, and Feilihua are highlighted for their strong market positions and growth potential in the fiberglass and construction materials sectors [10][12][18]. - Huaxin Cement is noted for its overseas expansion and profitability, particularly from its Nigerian operations, which are expected to contribute significantly to future earnings [31][33].

Core Viewpoint - The article highlights the rapid development of the high-performance carbon fiber industry in China, emphasizing the establishment of large-scale production projects and the increasing capacity of various companies in this sector [4][5][6]. Group 1: Industry Developments - The Shenshan Special Cooperation Zone has approved a high-performance carbon fiber project with a planned annual production capacity of 10,000 tons, divided into two phases, with construction expected to start in October 2025 and full production by December 2029 [4]. - The carbon fiber industry in China is experiencing accelerated industrialization, with multiple projects being established, leading to a cluster development model centered around leading enterprises [4]. - Zhongfu Shenying has built a production base with an annual capacity exceeding 20,000 tons, including various grades of carbon fiber, some of which have entered the aerospace sector [4]. Group 2: Company Highlights - Zhongjian Technology has established a production capacity of several thousand tons of T700-grade carbon fiber, with applications in aerospace and sports leisure [5]. - Sinopec Shanghai Petrochemical has built the first domestic 1,000-ton T800 carbon fiber production line, with a current capacity of 24,000 tons/year for precursor fibers and 12,000 tons/year for carbon fibers [5]. - Guangwei Composites is one of the earliest companies to achieve carbon fiber localization, with a current production capacity at the level of 10,000 tons [6]. Group 3: Industry Challenges - The high-performance carbon fiber industry faces several bottlenecks, including technological barriers in precursor fiber preparation, which is a long-standing shortcoming in China [7]. - The equipment level for production processes such as spinning and carbonization needs improvement, as the stability and consistency of domestic equipment are still lacking [7]. - The market structure for high-performance carbon fiber is concentrated in wind power and sports leisure, with limited demand from aerospace and high-end equipment sectors, hindering the development of high-end products [7].

东北证券股份有限公司 关于吉林碳谷碳纤维股份有限公司 根据《证券发行上市保荐业务管理办法》《北京证券交易所股票上市规则》 （以下简称《上市规则》）等有关法律法规、规范性文件等的规定，东北证券股 份有限公司（以下简称"保荐机构"）作为吉林碳谷碳纤维股份有限公司（以下 简称"公司"或"吉林碳谷"）的保荐机构，负责吉林碳谷的持续督导工作，并 出具 2025 年上半年度持续督导跟踪报告。 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | 保荐机构及时审阅了公司信息披露文件。 | | 2.督导公司建立健全并有效执 | 保荐机构督导公司建立健全规则制度（包括但不限于根据新 | | 行规则制度的情况 | 《公司法》及《上市规则》的规定），修改完善公司治理制 | | | 度，本督导期内，吉林碳谷有效执行了规则制度。 | | | 截至 2024 年 4 月，公司设立的募集资金专户资金已按既定 | | 3.募集资金使用监督情况 | 用途使用完毕，公司已办理完成募集资金专项账户注销手 | | | 续。 | | | 保荐机构通过日常沟通、现场核查、查阅资料等方式，督促 | | 4.督导公司规范 ...

吉林碳谷碳纤维股份有限公司章程 吉林碳谷碳纤维股份有限公司 章 程 二零二五年九月 1 | 第一章 | | 总 则 4 | | | --- | --- | --- | --- | | 第二章 | | 公司经营宗旨和范围 | 5 | | 第三章 | | 公司股份 | 5 | | 第一节 | | 股份发行 5 | | | 第二节 | | 股份增减和回购 6 | | | 第三节 | | 股份转让 8 | | | 第四章 | | 股东和股东会 | 9 | | 第一节 | | 股东 | 9 | | 第二节 | | 股东会的一般规定 | 14 | | 第三节 | | 股东会的召集 | 17 | | 第四节 | | 股东会的提案和通知 | 19 | | 第五节 | | 股东会的召开 | 20 | | 第六节 | | 股东会的表决和决议 | 23 | | 第五章 | 第五章 | 董事会 | 27 | | 第一节 | 董 | 事 27 | | | 第二节 | | 独立董事 | 31 | | 第三节 | 董 | 事 会 34 | | | 第六章 | | 董事会专门委员会 | 38 | | 第七章 | | 总经理及其他高级管理人员 ...

吉林碳谷碳纤维股份有限公司 2025 年第五次临时股东会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 证券代码：836077 证券简称：吉林碳谷 公告编号：2025-110 （二）会议出席情况 1、股东出席情况 出席和授权出席本次股东会的股东共 8 人，持有表决权的股份总数 383,157,812 股，占公司有表决权股份总数的 65.3585%。 （一）会议召开情况 1.会议召开时间：2025 年 9 月 12 日 2.会议召开地点：吉林碳谷碳纤维股份有限公司会议室 3.会议召开方式：现场投票和网络投票相结合的方式 4.会议召集人：董事会 5.会议主持人：董事长宋德武先生 6.召开情况合法合规的说明： 本次股东会召开符合相关法律、行政法规、部门规章、规范性文件和《公司 章程》的规定。本次会议的召开不需要相关部门的批准或履行必要的程序。 其中通过网络投票参与本次股东会的股东共 4 人，持有表决权的股份总数 66,849 股，占公司有表决权股份总数的 0.0114%。 2 ...

琴明世兴 信德天成 ilin Oinming Law Firm 第一章 第一四四 版 吉林琴明世兴律师事务所 2025 年 9 月 12 日 地址：吉林市丰满区万科城四期 6#1 层 004 号 电话：13364443366 第 1 页 规范 | 尽责 | 专业 | 高效 琴明世兴 信德天成 关于吉林碳谷碳纤维股份有限公司 2025 年第五次临时股东会的 法律意见书 - - 吉林 法律意见书 琴明世兴法意字(2025) 第 10 号 致:吉林碳谷碳纤维股份有限公司 吉林琴明世兴律师事务所（以下简称"本所"）接受吉林碳谷碳纤维股份 有限公司（以下简称"吉林碳谷"）的委托,就公司召开 2025 年第五次临时股 东会（以下简称"本次股东会"）的有关事宜，出具本法律意见书。 本法律意见书依据《中华人民共和国公司法》（以下简称"公司法"）、 《中华人民共和国证券法》（以下简称"证券法"）、《北京证券交易所股票 上市规则》（以下简称"上市规则"）、《北京证券交易所上市公司业务办理 指南第 7 号——信息披露业务办理》（以下简称"信息披露指南"）等法律、 法规、规范性文件以及《吉林碳谷碳纤维股份有限公司章程》〈以下简称"公 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 603382 | 海腊科技 | 41.38 | 9.99% | 12.23万 | | 4.84亿 | | 600810 | 神马股份 | 10.74 | 3.07% | 35.75万 | | 3.78亿 | | 600063 | 皖维高新 | 5.38 | 1.70% | 58.36万 | | 3.13亿 | | 000949 | 新乡化纤 | 4.12 | 1.48% | 84.58万 | | 3.51亿 | | 600370 | 三房巷 | 2.04 | 0.99% | 45.21万 | | 9275.16万 | | 002064 | 华峰化学 | 8.40 | 0.24% | 44.40万 | | 3.72亿 | | 688295 | 中复神鹰 | 27.27 | 0.07% | 7.86万 | | 2.16亿 | | 600889 | 南京化纤 | 15.46 | -0.13% | 7.53万 | | 1.17亿 | | 6 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [7]. Core Views - The company reported a significant increase in carbon fiber precursor sales, leading to a year-on-year revenue growth of 57.5% in the first half of 2025, with a net profit increase of 13.1% [2][3]. - In Q2 2025, the company achieved a remarkable 100.4% year-on-year revenue growth, with a net profit increase of 11.4% [2]. - The company has successfully launched new projects and technologies in the carbon fiber sector, enhancing its cost efficiency and product quality [4][5]. Summary by Sections Financial Performance - For the first half of 2025, the company achieved revenues of 1.187 billion yuan and a net profit of 77 million yuan [2]. - The carbon fiber precursor and carbon fiber yarn segments generated revenues of 1.005 billion yuan and 179 million yuan, reflecting year-on-year growth of 69.6% and 11.3%, respectively [3]. - The gross margins for these segments were 16.9% and 9.4%, with changes of -4.6 and +5.5 percentage points year-on-year [3]. Project Developments - The company has made significant progress in its annual production capacity of 150,000 tons of carbon fiber precursor, which is over 80% operational [4]. - A new project for producing 30,000 tons of high-performance carbon fiber precursor is in the testing phase, aiming for market introduction [4]. - The development of a 6,000-ton carbon fiber additive project is underway, focusing on domestic production to reduce costs and enhance product quality [4]. Market Outlook and Profit Forecast - The report projects an upward revision of profit forecasts for 2025-2026, with expected net profits of 160 million yuan and 227 million yuan, representing increases of 70.17% and 42.41%, respectively [5][6]. - The company is positioned as a leading player in the domestic carbon fiber precursor market, with a strong growth trajectory anticipated [5].

Core Viewpoint - The article emphasizes the significance of high-performance fibers, particularly carbon fiber, aramid fiber, and ultra-high molecular weight polyethylene fiber, in various industries such as aerospace, defense, and transportation, highlighting their superior mechanical properties and applications in advanced materials [6][10][12]. Industry Overview - The carbon fiber industry is characterized by a concentration of production capacity among a few key players, with significant contributions from companies like Jilin Carbon Valley, Zhongfu Shenying, and Guangwei Composite [43][46]. - The global carbon fiber market is experiencing a trend of capacity expansion, driven by increasing demand in sectors like wind energy and military equipment [46][49]. Carbon Fiber Characteristics - Carbon fiber exhibits exceptional mechanical properties, including tensile strength exceeding 3500 MPa, which is 7-9 times stronger than steel, and a density that is one-fourth that of steel [8][10]. - The material is resistant to high temperatures (up to 2000°C in non-oxidizing atmospheres) and low temperatures (-180°C), making it suitable for a wide range of applications [8][10]. Production Process - The production of carbon fiber involves several stages, including the synthesis of polyacrylonitrile (PAN) fibers, oxidation, carbonization, and surface treatment to create carbon fiber products [17][23]. - Different production methods, such as wet spinning and dry-jet wet spinning, are employed to optimize the quality and characteristics of the final product [30][24]. Market Dynamics - The domestic carbon fiber market is expected to see significant growth, with projections indicating an increase in production capacity to 15.3 million tons per year by the end of 2023, and potentially reaching 26 million tons by 2025 [46][48]. - The supply of acrylonitrile, a key raw material for carbon fiber production, is also on the rise, with domestic production capacity expected to improve significantly [38][31]. Competitive Landscape - Major manufacturers in the carbon fiber sector are expanding their production capabilities, with significant investments planned for new facilities and technology upgrades [46][44]. - The competitive landscape is marked by a few dominant players, with Jilin Chemical Fiber leading in production capacity, followed by Zhongfu Shenying and Guangwei Composite [45][39].