二、关于取消监事会的情况 根据《中华人民共和国公司法》、《关于新<公司法>配套制度规则 实施相关过渡期安排》、《上市公司章程指引（2025 年修订）》、《上海证 券交易所股票上市规则（2025 年 4 月修订）》等法律法规、规章和规范 性文件的要求，结合公司情况，公司将不再设置监事会和监事，由董 事会审计委员会行使监事会的职权，《监事会议事规则》相应废止，同 时对《新疆青松建材化工（集团）股份有限公司章程》（以下简称"公 司章程"）中的相关条款进行修订。 三、公司章程修订内容 根据新《公司法》、《上市公司章程指引》等法律法规及规范性文 件和公司名称变更等情况，公司拟对《公司章程》相应条款修订如下： 证券代码：600425 证券简称：青松建化 公告编号：临 2025-019 新疆青松建材化工（集团）股份有限公司 关于变更公司名称暨取消监事会修订公司章程的公告 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。 2025 年 9 月 22 日，新疆青松建材化工（集团）股份有限公司（以 下简称"公司"）第八届董事会第八次会议审议 ...

新疆青松建材化工（集团）股份有限公司章程修订对照表 根据《中华人民共和国公司法》以及《上海证券交易所股票上市规则》《关于新<公 司法>配套制度规则实施相关过渡期安排》等法律法规，公司结合实际情况及发展需要， 将取消监事会并对《公司章程》内容进行规范调整，具体情况如下： | 修订前 | | | | | 修订后 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 年 | 2023 | 4 | 月 | | 年 | | | | | | 2025 | | 9 月 | | 第一条 为维护公司、股东和债权人的 | | | | | | | | | | | | | | | 合法权益，规范公司的组织和行为，充分发 | | | | 第一条 | | | | | | | | | 为维护公司、股东、职工和债 | | 挥中共新疆青松建材化工（集团）股份有限 | | | | | | | | | | | | | | | | | | | | 权人的合法权益，规范公司的组织和行为， | | ...

(一) 股东大会类型和届次 2025年第一次临时股东大会 至2025 年 10 月 10 日 股东大会召开日期：2025年10月10日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 证券代码：600425 证券简称：青松建化 公告编号：2025-020 新疆青松建材化工（集团）股份有限公司 关于召开2025年第一次临时股东大会的通知 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、 召开会议的基本情况 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 10 月 10 日 11 点 00 分 召开地点：新疆乌鲁木齐市米东区米东南路恒联巷 237 号公司办公楼一楼会议 室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 10 月 10 日 采用上海证券交易所网络投票系统，通过 ...

审议通过《关于取消公司监事会并废止〈监事会议事规则〉的议 案》 证券代码：600425 证券简称：青松建化 公告编号：临 2025-018 新疆青松建材化工（集团）股份有限公司 第八届监事会第四次会议决议公告 本公司监事会及全体监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。 一、会议召开情况 新疆青松建材化工（集团）股份有限公司（以下简称"公司"） 第八届监事会第四次会议通知于 2025 年 9 月 12 日发出，于 2025 年 9 月 22 日以通讯方式召开。应参加会议监事 4 人，实际参加会议监事 4 人，符合法律、法规和《公司章程》的规定。 二、会议审议情况 会议以记名表决方式审议通过了以下议案： 表决结果：4 票同意，0 票反对，0 票弃权。 同意提请公司股东大会审议取消公司监事会和监事、废止《新疆青 松建材化工（集团）股份有限公司监事会议事规则》，由董事会审计委 员会行使《公司法》规定的监事会的职权。 本次取消监事会和监事并废止《新疆青松建材化工（集团）股份有 限公司监事会议事规则》事项经公司股东大会审议通过后方可生效，公 司 ...

证券代码：600425 证券简称：青松建化 公告编号：临 2025-017 新疆青松建材化工（集团）股份有限公司 第八届董事会第八次会议决议公告 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 个别及连带责任。 一、董事会会议召开情况 新疆青松建材化工（集团）股份有限公司（以下简称"公司"）第 八届董事会第八次会议通知于 2025 年 9 月 12 日发出，于 2025 年 9 月 22 日以通讯方式召开。应出席会议董事 7 人，实际参加会议董事 7 人， 公司监事和高管人员列席了会议，符合《公司法》和《公司章程》的 规定。 二、董事会会议审议情况 会议采取记名投票表决方式，审议通过了以下议案： 《新疆青松建材化工集团股份有限公司股东会议事规则》全文见 上海证券交易所网站（www.sse.com.cn）。 （一）审议通过《关于公司名称变更的议案》 表决结果：7 票同意，0 票反对，0 票弃权。 同意公司名称变更为"新疆青松建材化工集团股份有限公司"，并 修订公司章程，详情见同日在上海证券交易所网站（www.sse.com.cn） 和上海 ...

格隆汇9月22日丨青松建化(600425.SH)公布，本次公司债券发行规模为不超过人民币10亿元（含10亿 元）。具体发行规模提请股东大会授权董事会并由董事会授权董事长根据公司资金需求情况和发行时市 场情况，在上述范围内确定。 ...

Group 1 - The core viewpoint of the article highlights that Qingsong Jianhua (SH 600425) held its eighth board meeting on September 22, 2025, to review the proposal for a comprehensive revision of the "Board Meeting Rules" [1] - For the fiscal year 2024, Qingsong Jianhua's revenue composition is reported to be 98.65% from industrial operations and 1.35% from other businesses [1] - As of the report, Qingsong Jianhua has a market capitalization of 7.4 billion yuan [1]

格隆汇9月22日丨青松建化(600425.SH)公布，本次公司债券发行规模为不超过人民币10亿元（含10亿 元）。具体发行规模提请股东大会授权董事会并由董事会授权董事长根据公司资金需求情况和发行时市 场情况，在上述范围内确定。 ...

Investment Rating - Industry Rating: Outperform the market (maintained rating) [4] Core Views - The recent 25 basis point interest rate cut by the Federal Reserve is expected to improve liquidity, leading to a potential valuation recovery in the undervalued building materials sector. The focus is on the Xinjiang region due to its strong economic growth and upcoming infrastructure projects, which are anticipated to boost demand for cement [2][14] - Fixed asset investment in Xinjiang increased by 9.1% year-on-year from January to August 2025, significantly higher than the national average. Cement usage in the region also saw a 1.3% year-on-year increase during the same period [2][14] - Key infrastructure projects, such as the new Tibet Railway and the China-Kyrgyzstan-Uzbekistan Railway, are expected to further drive cement demand, with estimates suggesting an increase of 4.62 to 6.94 million tons for the Xinjiang segment alone [2][14] Summary by Sections Market Review - During the week of September 15-19, 2025, the CSI 300 index fell by 0.44%, while the building materials sector (CITIC) rose by 0.49%. Notable individual stock performances included Gongyuan Co. (+23.5%), Mona Lisa (+21.2%), and Youbang Ceiling (+14.9%) [1][10] Recommended Stocks - The report recommends a focus on the following stocks: China National Materials, Honghe Technology, China Glass, Qingsong Construction, Huaxin Cement, and Sankeshu [3][16] Cement Sector Insights - The national cement market price increased by 0.5% week-on-week, with price hikes observed in regions such as Jiangxi, Guangxi, and Sichuan. The average shipment rate for cement companies in key areas was approximately 48%, showing a slight increase [15] - The report anticipates that cement prices will continue to trend upwards due to seasonal demand, despite current market conditions being less than ideal [15] Glass Sector Insights - The photovoltaic glass market showed stable transactions, with prices for mainstream products remaining unchanged. The overall production capacity in the glass sector is stable, with a slight year-on-year decrease in output [15][16] Fiberglass Sector Insights - The fiberglass market is experiencing stable pricing, with some improvement in demand. However, the overall market remains under pressure due to high inventory levels [16] Long-term Outlook - The building materials industry is expected to be near the bottom of its cycle, with potential for recovery driven by infrastructure and real estate demand improvements. The report highlights the importance of traditional building materials and new materials in the growth trajectory [16]

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].