证券代码：600207 证券简称：安彩高科 公告编号：临 2025-049 河南安彩高科股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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法律责任。 重要内容提示： 会议召开时间：2025 年 12 月 01 日（星期一）11:00-12:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 24 日（星期一）至 11 月 28 日（星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 achtzqb@acht.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 河南安彩高科股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日 发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、 ...

Market Overview - The photovoltaic equipment sector experienced a decline of 0.3% on November 19, with AnCai High-Tech leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Stock Performance - Notable gainers in the photovoltaic equipment sector included: - Saiwu Technology: Closed at 13.62, up 10.02% with a trading volume of 157,300 shares and a turnover of 214 million yuan [1] - ST Mubang: Closed at 9.49, up 4.98% with a trading volume of 448,800 shares and a turnover of 424 million yuan [1] - Jincheng Co.: Closed at 38.90, up 4.57% with a trading volume of 180,900 shares and a turnover of 696 million yuan [1] - Major decliners included: - AnCai High-Tech: Closed at 5.49, down 6.79% with a trading volume of 422,900 shares and a turnover of 236 million yuan [2] - Weidao Nano: Closed at 60.10, down 5.06% with a trading volume of 137,800 shares and a turnover of 842 million yuan [2] - Gudewei: Closed at 58.36, down 4.17% with a trading volume of 83,800 shares and a turnover of 493 million yuan [2] Capital Flow - The photovoltaic equipment sector saw a net outflow of 1.166 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.162 billion yuan [2][3] - Key stocks with significant capital flow included: - Tongwei Co.: Net inflow of 298 million yuan from institutional investors, with a net outflow of 44.6 million yuan from retail investors [3] - Saiwu Technology: Net inflow of 99.11 million yuan from institutional investors, with a net outflow of 45.41 million yuan from retail investors [3] - Longi Green Energy: Net inflow of 52.50 million yuan from institutional investors, with a net outflow of 87.44 million yuan from retail investors [3]

Core Viewpoint - The photovoltaic glass index experienced a decline of 2.03%, indicating pressure on major constituent stocks and a net outflow of funds [1] Group 1: Market Performance - Major constituent stocks such as Hainan Development and Tuori New Energy saw significant declines, with drops of 6.21% and 6.15% respectively [1] - Other companies including Dongfang Risen, An彩高科, and Jinjing Technology also faced declines, with respective decreases of 1.62%, 2.04%, and 1.72% [1]

Core Insights - The export orders for customized maltitol from Tangyin County have been fully booked until the end of the year, indicating strong demand and operational efficiency in logistics [2] - In the first three quarters, Anyang's total foreign trade import and export value reached 7.43 billion, a year-on-year increase of 26.5%, significantly outpacing the provincial growth rate [2] - The growth in Anyang's foreign trade is attributed to three main driving forces: the vitality of enterprise entities, market expansion, and precise policy support [2][3] Group 1: Enterprise Dynamics - Private enterprises are the core engine of Anyang's foreign trade, with import and export value reaching 6.47 billion, a year-on-year increase of 33.5%, accounting for 87.1% of the city's total foreign trade [2] - The number of enterprises with import and export performance increased to 384, with 36 new additions compared to the same period last year, indicating a growing "going out" initiative [2] Group 2: Market Expansion - Anyang has strengthened its traditional trade partnerships while also expanding into the "Belt and Road" markets, with import and export value to related countries reaching 4.05 billion, a year-on-year surge of 58.8% [2] - An example of successful market expansion is the export of photovoltaic glass by Ankai High-tech, which has sent 370 million worth of orders to countries like India, South Korea, and Mexico, holding a 62.3% share of the provincial market for similar products [2] Group 3: Policy Support - Anyang Customs has implemented a targeted policy support system, including customized clearance plans for enterprises with import and export values over 50 million, facilitating smoother operations [3] - The city has established a long-term industrial structure, with a balance between traditional industries and emerging sectors, leading to a robust export performance in new products [3] Group 4: Industry Structure - The export of "new three samples" products reached 91.38 million, a year-on-year increase of 60.8%, reflecting ongoing optimization of the industrial structure [3] - The import of metal ores and minerals amounted to 1.51 billion, a year-on-year increase of 34.9%, providing essential raw material support for manufacturing exports [3] Group 5: Logistics and Trade Facilitation - The enhancement of cross-border trade facilitation and the establishment of a regional transportation logistics center are accelerating Anyang's development as a national logistics hub [3]

Core Viewpoint - The photovoltaic equipment sector experienced a slight increase of 0.06% on November 14, with CITIC Bo leading the gains, while the overall market indices, Shanghai Composite and Shenzhen Component, saw declines of 0.97% and 1.93% respectively [1] Sector Performance - CITIC Bo (688408) closed at 53.60, up 11.64% with a trading volume of 261,800 shares and a transaction value of 1.378 billion yuan [1] - Qingyuan Co. (603628) rose by 9.99% to 15.74, with a trading volume of 276,900 shares and a transaction value of 427 million yuan [1] - Hongyuan Green Energy (603185) increased by 7.17% to 37.50, with a trading volume of 910,100 shares and a transaction value of 342.5 million yuan [1] - Maneng Technology (688348) saw a 5.98% rise to 65.37, with a trading volume of 91,400 shares and a transaction value of 606 million yuan [1] - Weidao Nano (688147) increased by 4.31% to 57.58, with a trading volume of 232,100 shares and a transaction value of 1.342 billion yuan [1] - Other notable performers include Shichuang Energy (688429), Zhonglai Co. (300393), TCL Zhonghuan (002129), Shouhang New Energy (301658), and An彩高科 (600207), all showing positive growth [1] Capital Flow - The photovoltaic equipment sector saw a net inflow of 26.5 million yuan from main funds, while retail investors experienced a net outflow of 543 million yuan [1] - Speculative funds contributed a net inflow of 516 million yuan to the sector [1]

Core Viewpoint - The glass futures market is currently experiencing a tug-of-war between bullish and bearish factors, with prices oscillating within a narrow range of 1080-1120, while inventory levels have shown a decline over the past two weeks, raising questions about a potential rebound in the glass market [1][3]. Market Review - Since late October, glass futures have mostly traded within the 1080-1120 range, indicating limited upward or downward movement. As of November 7, prices are again in a narrow consolidation phase [1]. - The total inventory of float glass sample enterprises remains high at 63.136 million heavy boxes, despite a week-on-week decrease of 2.654 million heavy boxes, representing a decline of 4.03%. However, this figure is still up 29.05% year-on-year [3][7]. Supply and Demand Dynamics - The glass market is characterized by a fierce battle between supply and demand. High inventory levels on the supply side and weak demand are suppressing price rebounds, while cost support and production line upgrades provide some bottom support [3]. - From January to September, the area of completed real estate projects in China decreased by 15.3%, and the average order days for deep processing were only 10.8 days, leading some companies to face a "no orders" situation [3]. Cost Support - Despite a decline in spot prices, the profit margins for the float glass industry remain within an acceptable range, with current profit levels at the median for the year. However, if profits continue to decline, cost support may gradually become more significant [4]. - As of November 6, the gross profit for float glass production using coal as fuel is 78.1 yuan/ton, while using petroleum coke and natural gas results in negative margins of -1.77 yuan/ton and -172.7 yuan/ton, respectively [4]. - The recent "coal-to-gas" initiative in the Shihezi area has garnered market attention, potentially leading to short-term supply reductions and increased production costs by 80-100 yuan/ton due to fuel price differences [4]. Inventory Trends - The recent two-week decline in glass enterprise inventories has provided some positive signals, with total inventory dropping to 63.136 million heavy boxes as of November 6. However, this decline may merely reflect a transfer of inventory from enterprises to social stock rather than a genuine improvement in end-user demand [7]. Market Outlook - In the short term, the ongoing struggle between high inventory and cost support is expected to continue, with the 1080-1120 yuan/ton range likely to persist. Traders may consider a high-sell low-buy strategy while monitoring potential breakout points [9]. - Future breakthroughs in glass futures may arise from either a contraction in supply or a substantial improvement in demand, particularly in the real estate sector, which remains in a bottoming cycle [9][12].

Core Viewpoint - The company announced a new daily related transaction proposal, which was approved by the board of directors, allowing for a transaction of up to 35 million yuan with a related party, aimed at purchasing quartz sand raw materials [1] Group 1: Transaction Details - The subsidiary plans to engage in a related transaction with Henan Huirong Industrial Operation Management Co., Ltd. by December 31, 2025, not exceeding 35 million yuan [1] - In the previous year, there were no such transactions between the parties, while from January to October 2025, the actual transaction amount reached 10.2584 million yuan [1] Group 2: Impact and Independence - This transaction is expected to help reduce costs for the company and will not affect its independence [1]

证券编码：600207 证券简称：安彩高科 公告编号：临 2025-048 河南安彩高科股份有限公司 关于新增 2025 年度日常关联交易预计的公告 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法律责任。 重要内容提示： ●本次关联交易事项无需提交股东会审议。 ●本次关联交易与日常生产经营相关，按照自愿平等、互惠互利、公平公允 的原则执行，价格由政府定价或市场价格为基础，不存在损害公司及中小股东利 益的情形。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 2025 年 11 月 6 日，河南安彩高科股份有限公司（以下简称"公司"）第八 届董事会第三十二次会议以 6 票同意，0 票反对，0 票弃权的表决结果，审议通 过《关于新增日常关联交易预计的议案》，关联董事徐东伟先生、李同正先生回 避表决。本次日常关联交易事项在提交董事会审议前已经公司第八届董事会独立 董事 2025 年第四次专门会议审议通过。 根据《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管 指引第 5 号--交易与关联交易》和《公司章程》等相关规 ...

Core Viewpoint - Ankai High-Tech is negotiating with local authorities in Henan regarding the mining and processing of high-purity quartz minerals, which have been recently discovered in several regions, including Dongqinling in Henan and Altay in Xinjiang, with purity levels reaching up to 99.998% [2] Group 1: Company Developments - Ankai High-Tech, a local state-owned listed company in Henan, focuses on the research and production of high-end glass, including photovoltaic glass and pharmaceutical glass [2] - The company announced plans to acquire 100% equity of Henan High-Purity Minerals from Luoning Zhongtian Li New Materials Co., Ltd. for 15.01 million yuan, which will enhance its supply chain for high-purity quartz products [2] - In March, a subsidiary of Ankai High-Tech, Henan Ankai Semiconductor Co., Ltd., planned to sign a procurement agreement with Henan High-Purity Minerals for high-purity quartz sand materials, with an estimated value of 15 million yuan [2] Group 2: Industry Insights - The Ministry of Natural Resources reported successful breakthroughs in high-purity quartz mining, with significant deposits found in Henan and Xinjiang, similar to those in the United States [2] - The Lu Shi-Xi Xia region in Henan has submitted over 30 million tons of high-purity quartz ore for exploration [2] - Recent technical advancements have led to the production of trial products with purity levels exceeding 99.995% (4N5 grade), with some samples reaching 99.998% (4N8 grade) [2]

Core Viewpoint - An analysis of the recent performance of Anhuai Gaoke reveals significant revenue decline and net loss, raising concerns about the company's financial health and operational decisions [1] Company Performance - Anhuai Gaoke reported a revenue of approximately 2.456 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 29.03% [1] - The net profit attributable to shareholders of the listed company showed a loss of approximately 358 million yuan [1] Industry Context - The article highlights the occurrence of "negative electricity prices" in multiple regions, questioning why power plants are reluctant to shut down despite not making profits from electricity sales [1]