证券代码：600801 证券简称：华新水泥 公告编号：2025-023 华新水泥股份有限公司 华新水泥股份有限公司（"本公司"）2025年第一次临时股东会已于2025年3月19日审 议通过了《关于发行中期票据的议案》，同意中期票据发行规模不超过人民币30亿元（含 30亿元），期限为不超过10年（含10年），可以为单一期限品种，也可以是多种期限混合 品种。 7、发行人主体评级：AAA（中诚信） 关于中期票据发行的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 本公司已于近日完成了"华新水泥股份有限公司2025年度第一期科技创新债券"（"本 期中期票据"）的发行。 本期中期票据发行的基本情况如下： 1、发行人：本公司 2、发行规模：人民币10亿元 3、期限：5年期 6、募集资金用途：偿还发行人有息债务及补充流动资金 8、债项评级：AAA（中诚信） 本次中期票据的发行有利于进一步拓宽本公司融资渠道，优化融资结构，满足本公司 业务发展的资金需求。 特此公告。 华新水泥股份有限公司董事会 2025年7月16日 4、票面利率： ...

华新水泥股份有限公司 2025 年第二次临时股东会法律意见书 湖北松之盛律师事务所 关于华新水泥股份有限公司 2025 年第二次临时股东会 法律意见书 致：华新水泥股份有限公司 湖北松之盛律师事务所（以下简称"本所"）接受华新水泥股份 有限公司（以下简称"公司"）的委托，指派我们出席公司 2025 年 第二次临时股东会（以下统称"本次股东会"），并就本次股东会的 召集、召开程序的合法性、出席会议人员资格、召集人资格以及表决 程序和表决结果的合法有效性出具法律意见。 为出具本法律意见书，我们出席了本次股东会，审查了公司提供 的有关本次股东会的相关文件，听取了公司董事会就有关事项所作的 说明。在审查有关文件的过程中，公司向我们保证并承诺，其向本所 提交的文件和所作的说明是真实的，并已经提供本法律意见书所必需 的、真实的原始书面材料、副本材料或口头证言，有关副本材料或复 印件与原件一致。 我们依据《中华人民共和国证券法》《中华人民共和国公司法 （2023 年修订）》《上市公司股东会规则（2025 年修订）》（以下 简称"《股东会规则》"）、《上海证券交易所上市公司自律监管指 引第 1 号——规范运作》等中华人民共和 ...

证券代码：600801 证券简称：华新水泥 公告编号：2025-022 华新水泥股份有限公司 2025年第二次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 7 月 15 日 (二)股东会召开的地点：湖北省武汉市东湖新技术开发区高新大道 426 号华新大 厦 B 座 2 楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 562 | | --- | --- | | 其中：A 股股东人数 | 561 | | 境外上市外资股股东人数（H 股） | 1 | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,431,576,143 | | 其中：A 股股东持有股份总数 | 892,163,575 | | 境外上市外资股股东持有股份总数（H 股） | 539,412,568 | 1 | 3、出席会议的股东所持有表决权股份数占公司有表决 ...

Summary of Cement Industry Conference Call Industry Overview - The cement industry has shown an overall performance exceeding expectations in the mid-year reports, with companies like China National Building Material, Huaxin Cement, and Tapai Group forecasting growth of over 50% [3][1][8] - The second quarter saw a significant increase in profitability, offsetting the adverse impacts from the first quarter, supported by fiscal pre-positioning and expectations of price increases in the second half of the year [1][5] Key Companies and Performance - **China National Building Material**: Benefited from a turnaround in its core cement business, strong performance in its fiberglass segment, and reduced investment losses in the secondary market, leading to an overall performance that exceeded expectations [11][8] - **Huaxin Cement**: Achieved a year-on-year net profit increase of approximately 300 million yuan in the second quarter, driven by good performance in domestic and international markets and foreign exchange gains [12][4] - **Tapai Group**: Reported over 20% growth in shipment volume in the second quarter, with a year-on-year increase in gross profit per ton of about 15 yuan [15][8] - **Tianshan Shares**: Showed significant recovery in second-quarter profitability, with a year-on-year increase of over 20 yuan per ton [11][8] Market Dynamics - The Hong Kong stock market has shown a stronger performance in the cement sector compared to the A-share market, with several cement companies reaching new highs for the year [2][6] - The price of cement in the Yangtze River Delta region significantly increased in the second quarter, with gross profit per ton rising by 20-30 yuan year-on-year [1][8] - Despite a decline in sales data since May, the overall outlook remains positive due to fiscal pre-positioning and the potential for price increases after mid-August [5][7] Challenges and Opportunities - The cement industry faces challenges such as price volatility and seasonal adjustments, but the speed of price adjustments this year is faster than last year, reducing the likelihood of consecutive quarterly losses [9][8] - Opportunities include improved consensus within the industry, which may help elevate price levels, and enhanced profitability among key companies like China National Building Material and Tianshan Shares [9][10] Future Outlook - The industry is expected to improve post-August as the off-season adjustments conclude and the likelihood of price increases rises, supported by strong mid-year performance and policy catalysts [7][1] - The overseas cement business is anticipated to perform better than last year due to reduced foreign exchange losses from small currencies [13][10] Regulatory Measures - The industry is implementing measures to combat overproduction, with current overproduction accounting for 20-30% of total capacity. Successful enforcement could raise capacity utilization to around 70% [16][17] - These measures aim to reduce excess supply, improve production efficiency, and prepare for carbon trading by establishing daily production limits for each production line [17][18]

证券代码：600801 证券简称：华新水泥 公告编号：2025-021 华新水泥股份有限公司 2025 年半年度业绩预增公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 6 月 30 日。 （二）业绩预告情况 经公司财务部门初步测算，预计 2025 年半年度实现归属于母公司所有者的 净利润为 109,583.00 万元至 113,236.00 万元，与上年同期相比，将增加 36,527.66 万元至 40,180.66 万元，同比增加 50%到 55%。 经华新水泥股份有限公司（以下简称"公司"）财务部门初步测算， 预 计 2025 年半年度实现归属于母公司所有者的净利润为 109,583.00 万 元至 113,236.00 万元，与上年同期相比，将增加 36,527.66 万元至 40,180.66 万元，同比增加 50%到 55%。 预计 2025 年半年度实现归属于母公司所有者的扣除非经常性损益的净 利润为 10 ...

华新水泥（600801）公告，预计2025年半年度实现归属于母公司所有者的净利润为10.96亿元至11.32亿 元，与上年同期相比，将增加3.65亿元至4.02亿元，同比增加50%到55%。预计2025年半年度实现归属 于母公司所有者的扣除非经常性损益的净利润为10.61亿元至10.95亿元，与上年同期相比，将增加3.81 亿元至4.15亿元，同比增加56%到61%。 ...

Group 1: Special Electronic Fabrics - The demand for M8/M9 and second-generation/Q fabrics is expected to increase significantly, with high barriers to entry and few players in the market, leading to a prolonged period of prosperity [1] - The supply-demand dynamics for first-generation fabrics are anticipated to be better than market expectations [1] - Low CTE electronic fabrics continue to face shortages, with recommendations for Zhongcai Technology and attention to Honghe Technology [1] Group 2: Cement Industry - Cement stock configurations are becoming increasingly cost-effective, with negative factors already fully priced in; the industry is expected to maintain a bottom line [1] - Recommendations include Huaxin Cement and Conch Cement, with attention to China National Building Material and other companies [1][4] - National cement market prices have shown a slight decline of 0.4%, with regional price drops of 10-20 yuan/ton [4] Group 3: Glass Fiber Industry - The industry is entering a new normal, with stable prices for electronic yarn and a gradual recovery in profitability [5] - The main transaction price for 2400tex non-alkali yarn is between 3300-3700 yuan/ton, while electronic yarn prices remain stable at 8800-9200 yuan/ton [5] - Recommendations include leading companies such as China Jushi, Zhongcai Technology, and Changhai Co., with attention to International Composite Materials and Shandong Glass Fiber [5] Group 4: Pharmaceutical Glass - The upgrade of borosilicate glass is accelerating, with a favorable competitive landscape for molded bottles [6] - Recommendations focus on Shandong Pharmaceutical Glass, which is expected to see significant growth due to product upgrades and cost reductions [6] Group 5: Safety Building Materials - Qingniao Fire Protection is highlighted as a leading player with strong growth potential due to its comprehensive competitive advantages [10] - Zhenan Technology is expected to benefit from legislation opening up a significant market space for building isolation [10] - Zhizhi New Materials is positioned to increase its market share domestically and expand overseas, particularly in the Middle East and Southeast Asia [10]

Group 1 - The Hang Seng Index fell by 0.74%, down 177 points, closing at 23,970 points, while the Hang Seng Tech Index dropped by 1.14% with a trading volume of HKD 122.4 billion in the morning session [1] - New weight stocks performed well, with CATL (03750) rising by 6.35%, reaching a new high since its listing after a strategic cooperation agreement with Geely [1] - Hengrui Medicine (01276) surged by 9.8%, hitting a new high after the clinical approval of SHR-2173 injection [2] Group 2 - Television Broadcasts (00511) increased by over 8% as the company deepens its strategic cooperation in the Greater Bay Area, with institutions optimistic about its profit outlook [3] - Fenbi (02469) rose by over 7% following a significant upgrade to its AI exam preparation system, expanding its AI product matrix [4] - China Rare Earth Holdings (03788) soared by 14%, with a year-to-date increase of 320%, as the company proposed to spin off its rare earth gold business for independent listing on the main board of the Hong Kong Stock Exchange [4] Group 3 - Hong Kong Travel (00308) continued to rise by 9%, doubling its stock price this year, driven by market speculation on stablecoin cross-border payment scenarios [5] - Q Technology (01478) increased by over 8%, with sales of mobile camera modules reaching 3.2648 million units in June, a year-on-year increase of 1.5% [6] - Gold stocks fell across the board as spot gold dropped below USD 3,300, with institutions predicting a high volatility trend for gold prices [6]

Investment Rating - The investment rating for the construction materials industry is "Positive" (maintained) [4] Core Views - The "anti-involution" trend may drive the cement industry's supply and demand to bottom out earlier. The Central Financial Committee emphasized the need to regulate low-price competition and improve product quality, which may lead to a reduction in actual cement production capacity from over 2.1 billion tons in 2023 to 1.7 billion tons, potentially restoring capacity utilization rates to over 70% [5][18] - The demand for high-end electronic fabrics is underestimated due to the surge in computing power driven by AI. The need for advanced materials is increasing, with domestic companies achieving breakthroughs in Low-DK and Low-CTE electronic fabrics, indicating a significant growth opportunity in this sector [5] Summary by Sections 1. Sector Tracking - The construction materials index rose by 4.0%, outperforming the Shanghai Composite Index, which increased by 1.4% [9] - Key stocks with significant gains include Zaiseng Technology (+37.1%), Honghe Technology (+23.9%), and Zhongcai Technology (+20.7%) [9] 2. Data Tracking 2.1 Cement - The average price of 42.5 cement nationwide is 348.5 RMB/ton, down 4.5 RMB/ton month-on-month and down 40.8 RMB/ton year-on-year [18] - The cement inventory ratio is 65.7%, down 0.4 percentage points month-on-month and down 2.0 percentage points year-on-year [18] 2.2 Float Glass - The average price of 5mm float glass is 1274.3 RMB/ton, down 4.6 RMB/ton month-on-month and down 438.8 RMB/ton year-on-year [39] - The total inventory of key production enterprises in 13 provinces is 59 million heavy boxes, down 2.5% month-on-month and up 7.7% year-on-year [39] 2.3 Photovoltaic Glass - The average price of 2.0mm coated photovoltaic glass is 10.7 RMB/sqm, down 0.6 RMB/sqm month-on-month and down 4.6 RMB/sqm year-on-year [44] - The number of production lines for photovoltaic glass is 435, with a total daily melting capacity of 94,390 tons, down 4.0% month-on-month and down 17.0% year-on-year [44] 2.4 Glass Fiber - The average price of alkali-free glass fiber yarn is 4680.0 RMB/ton, unchanged month-on-month and up 15.0 RMB/ton year-on-year [52] - The average price of electronic yarn is 9100.0 RMB/ton, unchanged month-on-month and down 50.0 RMB/ton year-on-year [52] 2.5 Carbon Fiber - The average price of large tow carbon fiber is 72.5 RMB/kg, unchanged month-on-month and down 5.0 RMB/kg year-on-year [56] - The average operating rate of carbon fiber enterprises is 59.94%, down 0.19 percentage points month-on-month and up 13.54 percentage points year-on-year [56] 3. Investment Analysis - The investment strategy suggests that 2025 will be a turning point for listed companies, while 2026 will be a turning point for the industry. The report recommends focusing on companies in the high-growth sectors and those benefiting from the Belt and Road Initiative [5]

证券代码：600801 证券简称：华新水泥 公告编号：2025-020 华新水泥股份有限公司 2023-2025 年核心员工持股计划之 第三期（2025 年）核心员工持股计划实施进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 华新水泥股份有限公司（以下简称"公司"）分别于 2023 年 6 月 30 日、2023 年 7 月 20 日召开第十届董事会第二十六次会议、2023 年第三次临时股东大会审 议通过了《关于公司 2023-2025 年核心员工持股计划（草案）的议案》及其摘 要等相关议案，具体内容详见公司于 2023 年 7 月 1 日、2023 年 7 月 21 日披露 的相关公告。 公司于 2025 年 5 月 27 日召开第十一届董事会第十二次会议，审议通过了《关 于公司 2023-2025 年核心员工持股计划之第三期（2025 年）核心员工持股计划 的议案》（以下简称"本期计划"），具体内容详见公司于 2025 年 5 月 28 日披 露的相关公告。 根据中国证监会《关于上市公司实施员工持股计划试点 ...