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 ...

Market Overview - The chemical fiber sector experienced a decline of 0.32% on September 9, with Jilin Carbon Valley leading the losses [1] - The Shanghai Composite Index closed at 3807.29, down 0.51%, while the Shenzhen Component Index closed at 12510.6, down 1.23% [1] Stock Performance - Haiyue Technology (603382) saw a significant increase of 9.99%, closing at 41.38 with a trading volume of 122,300 shares and a turnover of 484 million yuan [1] - Shenma Co., Ltd. (600810) increased by 3.07%, closing at 10.74 with a trading volume of 357,500 shares and a turnover of 378 million yuan [1] - Jilin Carbon Valley (836077) led the decline with a drop of 4.28%, closing at 15.20 with a trading volume of 93,700 shares and a turnover of 145 million yuan [2] Capital Flow - The chemical fiber sector experienced a net outflow of 255 million yuan from main funds, while retail investors saw a net inflow of 238 million yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with main funds withdrawing while retail investors are actively buying [2][3] Individual Stock Capital Flow - Haiyue Technology had a main fund net outflow of 48.72 million yuan, with retail investors contributing a net inflow of 29.13 million yuan [3] - Shenma Co., Ltd. experienced a main fund net inflow of 14.18 million yuan, while retail investors had a net outflow of 1.59 million yuan [3] - Jilin Carbon Valley saw a significant main fund net outflow of 48.72 million yuan, indicating bearish sentiment among institutional investors [3]

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].

证券代码：836077 证券简称：吉林碳谷 公告编号：2025-073 吉林碳谷碳纤维股份有限公司 关于召开 2025 年第五次临时股东会通知公告（提供网络投票） 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、会议召开基本情况 （一）股东会届次 （四）会议召开方式 本次会议采用现场投票和网络投票相结合方式召开。 （五）会议召开日期和时间 1、现场会议召开时间：2025 年 9 月 12 日 14:00。 2、网络投票起止时间：2025 年 9 月 11 日 15:00—2025 年 9 月 12 日 15:00。 登记在册的股东可通过中国证券登记结算有限责任公司（以下简称"中国结 算"）持有人大会网络投票系统对有关议案进行投票表决，为有利于投票意见的 本次会议为 2025 年第五次临时股东会。 （二）召集人 本次股东会的召集人为董事会。 （三）会议召开的合法合规性 本次股东会由公司董事会召集，会议召开经第四届董事会第三次会议决议通 过，履行了必要的审批程序。 顺利提交，请拟参加网络投票的投资者在上 ...

4.发出监事会会议通知的时间和方式：2025 年 8 月 18 日 以书面方式发出 证券代码：836077 证券简称：吉林碳谷 公告编号：2025-072 吉林碳谷碳纤维股份有限公司 第四届监事会第三次会议决议公告 本公司及监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 （一）会议召开情况 1.会议召开时间：2025 年 8 月 28 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 5.会议主持人：监事会主席杨爱春 6.召开情况合法、合规、合章程性说明： 本次会议的召集、召开符合《中华人民共和国公司法》等有关法律、法规及 《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监事会议 事规则》的规定。 （二）会议出席情况 会议应出席监事 3 人，出席和授权出席监事 3 人。 二、议案审议情况 （一）审议通过《2025 年半年度报告及其摘要》议案 1.议案内容： 公司董事会根据 2025 年半年度的经营情况，严格按照相关规定和要求编撰 完成公司 2 ...