Core Viewpoint - The company has announced significant strategic moves, including the introduction of a strategic investor and the divestment of its lithium sulfide business, which has led to mixed market reactions, including a decline in stock price despite the perceived benefits of the investment [1][10]. Group 1: Strategic Investment - The company’s wholly-owned subsidiary, Youyan Yijin, will introduce a strategic investor, with the National Integrated Circuit Industry Investment Fund II investing 300 million yuan for a 5.67% stake based on a net asset valuation of 4.994 billion yuan [2][4]. - Following this investment, the company's ownership in Youyan Yijin will decrease from 100% to 94.33%, while still maintaining control [4]. Group 2: Divestment of Lithium Sulfide Business - The company plans to divest its lithium sulfide business through a public listing, with a minimum price of 109.5 million yuan for the related assets, including patents and proprietary technologies [4][8]. - The decision to divest is based on the assessment that the lithium sulfide business does not align with the company's main responsibilities and strategic direction, as well as challenges related to large-scale production and market uncertainty [8][10]. Group 3: Financial Performance - In 2023, the company reported a revenue of 10.822 billion yuan, a decrease of 29.05% year-on-year, and a net profit of 226 million yuan, down 16.14% [12]. - The company anticipates continued revenue decline in 2024, projecting a revenue of 9.146 billion yuan, a year-on-year decrease of 15.49%, and a net profit of 148 million yuan, down 34.78% [12][14]. - However, in Q1 2025, the company experienced a significant turnaround with a revenue of 1.84 billion yuan, a decrease of 18.67%, but a net profit surge of 67.4 million yuan, an increase of 14,698.12% [14][15].

Group 1 - The board of directors of Youyan New Materials Co., Ltd. held its 13th meeting of the 9th session on June 24, 2025, with all 7 directors present, confirming the legality of the meeting [1][2] - Mr. Ai Lei was elected as the chairman of the board, with his term starting from the date of election until the end of the current board session [1][2] - Mr. Lv Baoguo was appointed as the general manager, with his term also starting from the date of appointment until the end of the current board session [2] Group 2 - The board approved the adjustment of the specialized committee members, adding Mr. Ai Lei and Mr. Lv Baoguo to the strategic committee and nomination committee, respectively [2] - The board agreed on the performance evaluation indicators for 2025 and authorized the chairman to sign the performance responsibility letter with the management team [2] - The board approved the public transfer of lithium sulfide business-related assets of its subsidiary, Youyan Rare Earth, with a minimum valuation of 109.5424 million yuan [3] Group 3 - The board agreed to convene the 2025 third extraordinary general meeting on July 15, 2025, to review the resolutions passed in the 13th board meeting [4]

Core Viewpoint - The legal opinion letter confirms that the convening and conducting of the 2025 Second Extraordinary General Meeting of Youyan New Materials Co., Ltd. complies with relevant laws and regulations, ensuring the legality and validity of the meeting procedures and voting results [1][6]. Group 1: Meeting Convening and Conducting - The meeting is convened by the company's board of directors, which is in accordance with the Company Law, the Rules of Shareholders' Meetings, and the company's articles of association [2][3]. - The notice for the meeting was published on June 6, 2025, detailing the time, location, and voting procedures, and was communicated to all shareholders 15 days prior to the meeting [3][4]. - The meeting took place on June 24, 2025, at 9:00 AM, combining both on-site and online voting methods [3][4]. Group 2: Attendance and Qualifications - The attendance list included all current directors and supervisors, with a total of 5 directors and 3 supervisors present, along with the company secretary and some senior management [4][5]. - The qualifications of the attendees were verified and found to be in compliance with the Company Law, the Rules of Shareholders' Meetings, and the company's articles of association [4][5]. Group 3: Voting Procedures and Results - The voting was conducted through a combination of on-site and online methods, with results announced immediately after the voting process [5]. - The voting results showed a high level of agreement on the proposals, with 98.9035% and 99.1584% of votes in favor of the respective resolutions [5]. - The voting procedures and results were deemed legal and valid according to the Company Law, the Rules of Shareholders' Meetings, and the company's articles of association [5][6]. Group 4: Conclusion - The legal opinion concludes that the convening and conducting of the meeting, as well as the qualifications of the attendees and the voting procedures, are all in compliance with applicable laws and regulations, rendering the resolutions of the meeting valid [6].

Group 1 - The company held its second extraordinary general meeting of shareholders on June 24, 2025, at the China Yuyuan Building in Beijing [1] - The meeting was presided over by Mr. Wang Liming, and the voting method complied with the Company Law and the company's articles of association [1] - A total of 33.8391% of the shares were represented at the meeting, including ordinary shareholders and preferred shareholders with restored voting rights [1] Group 2 - The voting results for the cumulative voting proposals were recorded, with specific numbers and percentages for each proposal [1] - The legal representatives confirmed that the meeting's convening and procedures complied with relevant laws and regulations, ensuring the validity of the resolutions made [1][2] - The resolutions from the meeting were deemed legally effective and valid [1]

Overview - The company, Youyan New Materials Co., Ltd., is planning to introduce strategic investors for its wholly-owned subsidiary, Youyan Yijin, to enhance its leadership in the domestic target material industry and build a world-class materials enterprise [1][3]. Financing Details - Youyan Yijin will conduct a capital increase based on a net asset value of RMB 4,994,265,800 as of September 30, 2024 [1][4]. - The second phase fund will subscribe to a registered capital of RMB 50,818,280.44, accounting for 5.67% of the post-increase registered capital of Youyan Yijin, with a total investment amount of RMB 300,000,000 [1][5]. - The company will relinquish its preferential subscription rights, resulting in its ownership stake in Youyan Yijin decreasing from 100% to 94.33%, while still maintaining control over the subsidiary [1][6]. Financial Performance - As of December 31, 2024, Youyan Yijin's total assets were RMB 244,084,960, with total liabilities of RMB 48,241,430, leading to a net asset value of RMB 195,843,530 [4]. - For the first quarter of 2025, the company reported a revenue of RMB 137,125,170 and a net profit of RMB 7,917,850 [4]. Strategic Objectives - The introduction of strategic investors aims to accelerate Youyan Yijin's strategic goals in the integrated circuit target material sector, enhancing its industry position and sustainable development capabilities [6][7]. - The transaction is structured to comply with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders, particularly minority shareholders [1][6].

证券代码：600206 证券简称：有研新材 公告编号：2025-033 有研新材料股份有限公司 关于全资子公司有研亿金股权融资项目实施方案的公告 研亿金股权融资项目实施方案》，进一步明确投资方、投资金额等事项。 一、本次交易概述 为进一步发挥国内靶材行业领军优势、打造全球一流材料企业，公司全资子 公司有研亿金拟引入战略投资者。有研亿金以评估基准日 2024 年 9 月 30 日 100% 股权对应的净资产值 4,994,265,800.00 元为基准，进行增资扩股。二期基金认 缴注册资本为人民币 50,818,280.44 元，占增资后有研亿金注册资本 5.67%，二 期基金投资总额为人民币 300,000,000.00 元，投资总额超出注册资本的部分 249,181,719.56 元计入资本公积。本次股权融资资金将全部用于集成电路领域 靶材研发及靶材相关经营业务，如高纯材料能力提升、粉末冶金靶材开发、加工 能力提升等。 2025 年 6 月 24 日，公司第九届董事会第十三次会议审议通过了《关于有研 新材全资子公司有研亿金股权融资项目实施方案的议案》。本轮融资事项不构成 《上市公司重大资产重组管理办法》规定 ...

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证券代码：600206 证券简称：有研新材 编号：2025-031 有研新材料股份有限公司 关于聘任公司总经理的公告 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。 有研新材料股份有限公司（以下简称"有研新材"或"公司"）于 2025 年 6 月 24 日召开第九届董事会第十三次会议，会议审议通过了《关于聘任公司总 经理的议案》。会议同意聘任吕保国先生为公司总经理，公司总经理任期自本次 董事会聘任之日起至本届董事会届满之日止。 总经理简历如下： 吕保国，男，1967 年 8 月出生，中共党员，硕士，正高级工程师，毕业于 清华大学。曾任北京有色金属研究总院稀贵所副所长，有研亿金副总经理。现任 有研亿金党总支书记、董事、总经理，有研翠铂林董事、总经理，有研亿金（山 东）董事，有研新材党委书记、董事。 特此公告。 有研新材料股份有限公司董事会 2025 年 6 月 25 日 ...

证券代码：600206 证券简称：有研新材 公告编号：2025-032 有研新材料股份有限公司 控股子公司有研稀土转让硫化锂业务相关资产的公告 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。 重要内容提示： 一、本次交易概述 硫化锂材料是有研稀土自主研发成功的新产品，主要用作生产硫化物固态电 解质的原材料，已实现小批量销售。基于公司主责主业及发展战略不涉及硫化锂 及相关方向；硫化锂大批量生产涉及大宗危险化学品，公司在大规模化工产业领 域缺乏管理经验；硫化锂材料的应用仍处于早期阶段，产业发展周期长，难以准 确把握市场及技术走向等原因，为实现公司利益最大化，经公司综合评估后，拟 通过产权交易所挂牌转让硫化锂业务相关资产，包括相关专利、专有技术及设备， 挂牌底价不低于标的资产评估值 10,954.24 万元。 本次交易的评估基准日为 2025 年 4 月 30 日，根据评估机构出具的评估报告， 上述资产评估价值总额为 10,954.24 万元，其中两项在途专利评估价值为 107.82 万元，设备评估价值为 196.65 万元， ...

证券代码：600206 证券简称：有研新材 公告编号：2025-028 有研新材料股份有限公司 2025年第二次临时股东大会决议公告 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)股东大会召开的时间：2025 年 6 月 24 日 (二)股东大会召开的地点：北京市西城区新街口外大街 2 号 D 座中国有研大厦 18 层 有研新材大会议室 (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 | 1,023 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 286,466,752 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 33.8391 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 (五)公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 (一)累积投票议案表决情况 本次股 ...