Company Overview - Zhuzhou Times New Material Technology Co., Ltd. is located in Hunan Province, established on May 24, 1994, and listed on December 19, 2002. The company focuses on the research and engineering application of polymer materials, primarily serving industries such as rail transit, wind power generation, automotive, and high-performance polymer materials [1][2]. Financial Performance - For the first half of 2025, the company achieved operating revenue of 9.256 billion yuan, representing a year-on-year growth of 6.87%. The net profit attributable to shareholders was 303 million yuan, showing a significant increase of 36.66% [2]. - Since its A-share listing, the company has distributed a total of 1.106 billion yuan in dividends, with 442 million yuan distributed over the past three years [3]. Stock Performance - As of September 15, the company's stock price decreased by 2.01%, trading at 14.65 yuan per share, with a total market capitalization of 13.642 billion yuan. The stock has seen a year-to-date increase of 16.33%, but a decline of 3.43% over the last five trading days [1]. - The stock's trading volume on September 15 was 150 million yuan, with a turnover rate of 1.25%. The net outflow of main funds was 512,500 yuan, while large orders accounted for 21.36% of purchases and 18.79% of sales [1]. Business Segmentation - The company's main business revenue composition is as follows: wind power generation (40.63%), automotive products (35.18%), rail transit (11.67%), industrial and engineering (9.51%), new materials and others (2.38%), and other supplementary sources (0.63%) [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased to 31,300, with an average of 25,853 circulating shares per person, a decrease of 1.98% from the previous period [2]. - Notably, Hong Kong Central Clearing Limited and Bosera Theme Industry Mixed Fund (160505) have exited the top ten circulating shareholders [3]. Industry Classification - The company belongs to the machinery equipment sector, specifically in the rail transit equipment sub-sector, and is associated with concepts such as offshore wind power, wind energy, high-speed rail, new materials, and mid-cap stocks [2].

Core Points - The company will participate in an online investor reception day and semi-annual performance briefing organized by Hunan Securities Regulatory Bureau, Hunan Listed Companies Association, and Shenzhen Panorama Network Co., Ltd. [1] - The event will take place on September 19, 2025, from 14:00 to 17:00, allowing investors to engage with company executives regarding the company's performance and strategic direction [1] - Investors can join the event through the "Panorama Roadshow" website, WeChat public account, or by downloading the Panorama Roadshow APP [1] Event Details - The event aims to enhance interaction with investors and will cover topics such as the company's performance for the first half of 2024 to 2025, corporate governance, development strategy, operational status, and sustainable development [1] - The company encourages widespread participation from investors during this online communication session [1]

证券代码：600458 证券简称：时代新材 公告编号：临 2025-056 株洲时代新材料科技股份有限公司 关于参加2025 年湖南辖区上市公司投资者网上 集体接待日暨半年度业绩说明会活动的公告 为进一步加强与投资者的互动交流，株洲时代新材料科技股份有限公司（以 下简称"公司"）将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络 有限公司联合举办的"资本聚三湘 楚光耀新程——2025年湖南辖区上市公司投 资者网上集体接待日暨半年度业绩说明会"活动，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演APP， 参与本次互动交流，活动时间为2025年9月19日（星期五）14:00-17:00。届时公 司高管将在线就公司2024年至2025年半年度业绩情况、公司治理、发展战略、经 营状况和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大 投资者踊跃参与！ 特此公告。 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 ...

Market Overview - On September 12, the rail transit equipment sector experienced a slight decline of 0.15%, with 雷尔伟 leading the losses [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - The top-performing stock in the rail transit equipment sector was 必得科技, which saw a closing price of 45.43, reflecting a 10.00% increase with a trading volume of 103,800 shares and a transaction value of 447 million [1] - Other notable gainers included 全唐车丁 (up 2.58%), 天直新材 (up 1.97%), and 中国铁物 (up 1.46%) [1] Decliners - 雷尔伟 was the biggest loser, closing at 21.18 with a decline of 3.33% and a trading volume of 100,600 shares [2] - Other stocks that declined included 交控科技 (down 2.78%) and 研奧股份 (down 1.50%) [2] Capital Flow - The rail transit equipment sector saw a net inflow of 9.7067 million from institutional investors, while retail investors experienced a net outflow of 42.7397 million [2][3] - The main stocks with significant capital inflow included 必得科技 (net inflow of 65.5658 million) and 全鹰重工 (net inflow of 23.0537 million) [3] Summary of Individual Stocks - 必得科技 had a strong performance with a net inflow from institutional investors of 65.5658 million, while retail investors showed a net outflow of 42.4637 million [3] - 中铁工业 also saw a net inflow of 18.7004 million from institutional investors, indicating positive sentiment [3]

Investment Rating - The investment rating for the electric power equipment and new energy industry is "Outperform the Market" (maintained) [3][4][17] Core Insights - The first mechanism electricity price bidding results have been released, with favorable outcomes for wind power in Shandong Province. The mechanism electricity price for photovoltaic is 0.225 yuan/kWh, with an accepted electricity volume of 1.248 billion kWh, and for wind power, it is 0.319 yuan/kWh, with an accepted electricity volume of 5.967 billion kWh. The mechanism electricity price for wind power is significantly above the bidding lower limit and close to the upper limit, indicating a favorable investment return for wind power projects [3][5][7][8]. Summary by Sections Industry Overview - The bidding results show that the mechanism electricity price for photovoltaic projects is 0.225 yuan/kWh, with a mechanism electricity volume ratio of 80%, while for wind power, it is 0.319 yuan/kWh, with a mechanism electricity volume ratio of 70%. The total scale of accepted projects for photovoltaic is 1.27 GW, and for wind power, it is 3.59 GW [5][8]. Investment Recommendations - Based on the bidding results and feedback from the industry chain, it is expected that the overall scale of domestic new energy development will remain stable during the 14th Five-Year Plan period, with a greater focus on wind power compared to the previous period. This is favorable for companies in the wind power industry chain. Recommended companies to watch include Goldwind Technology, SANY Renewable Energy, Yunda Co., and Times New Material [4][11]. Financial Projections - The profit forecasts for related companies are as follows: Goldwind Technology (2024A: 1.86 billion yuan, 2025E: 2.70 billion yuan, 2026E: 3.67 billion yuan), SANY Renewable Energy (2024A: 1.81 billion yuan, 2025E: 2.13 billion yuan, 2026E: 2.68 billion yuan), Yunda Co. (2024A: 460 million yuan, 2025E: 680 million yuan, 2026E: 990 million yuan), and Times New Material (2024A: 440 million yuan, 2025E: 650 million yuan, 2026E: 840 million yuan) [13].

Market Performance - The rail transit equipment sector increased by 1.52% on September 11, with Jiaokong Technology leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Individual Stock Performance - Jiaokong Technology (688015) closed at 26.60, up 6.36% with a trading volume of 80,000 shares and a transaction value of 205 million [1] - Times New Material (600458) closed at 15.03, up 3.94% with a trading volume of 179,000 shares and a transaction value of 265 million [1] - Yonggui Electric (300351) closed at 17.65, up 2.86% with a trading volume of 149,200 shares and a transaction value of 260 million [1] - China CRRC (601766) closed at 7.76, up 2.11% with a trading volume of 1,451,400 shares and a transaction value of 1.116 billion [1] Capital Flow Analysis - The rail transit equipment sector experienced a net outflow of 173 million from institutional investors, while retail investors saw a net inflow of 1.77 billion [2][3] - Times New Material had a net inflow of 24.87 million from institutional investors, but a net outflow of 19.78 million from speculative funds [3] - Jiaokong Technology had a net inflow of 21.90 million from institutional investors, with a significant net outflow of 23.70 million from retail investors [3]

Market Overview - The rail transit equipment sector experienced a slight decline of 0.1% on September 10, with Times New Material leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Individual Stock Performance - Notable gainers in the rail transit equipment sector included: - Railway Technology (301016) with a closing price of 23.20, up 9.13% and a trading volume of 206,000 shares, totaling 467 million yuan [1] - Traffic Control Technology (688015) closed at 25.01, up 5.48% with a trading volume of 66,300 shares, totaling 163 million yuan [1] - Dinghan Technology (300011) closed at 8.46, up 2.67% with a trading volume of 188,600 shares, totaling 158 million yuan [1] - Conversely, Times New Material (600458) saw a decline of 3.02%, closing at 14.46 with a trading volume of 149,200 shares, totaling 217 million yuan [2] - Other notable decliners included: - Bid Technology (605298) down 2.12% to 42.99 with a trading volume of 157,700 shares, totaling 679 million yuan [2] - Kanni Electromechanical (603111) down 1.76% to 7.82 with a trading volume of 177,100 shares, totaling 138 million yuan [2] Capital Flow Analysis - The rail transit equipment sector saw a net outflow of 169 million yuan from institutional investors, while retail investors contributed a net inflow of 38.63 million yuan [2] - Key stocks with significant capital flow included: - Railway Technology (301016) with a net outflow of 24.22 million yuan from institutional investors [3] - Times Electric (688187) recorded a net inflow of 21.17 million yuan from institutional investors [3] - Traffic Control Technology (688015) had a net inflow of 20.85 million yuan from institutional investors [3]

Core Viewpoint - The company held its first extraordinary general meeting of shareholders in 2025, where all proposed resolutions were approved without any objections [2][4]. Group 1: Meeting Details - The extraordinary general meeting took place on September 9, 2025, at the company's global headquarters in Zhuzhou [2]. - The meeting was convened by the board of directors and chaired by Chairman Peng Huawen, utilizing a combination of on-site and online voting methods, in compliance with the Company Law and the company's articles of association [2][3]. Group 2: Attendance - Out of 9 current directors, 8 attended the meeting, with Director Liu Jun absent due to work commitments [3]. - All 5 current supervisors attended the meeting, along with the board secretary Xia Zhi and executive Xiong Youbo [3]. Group 3: Resolution Review - A resolution to amend the "Management Measures for Raised Funds" was approved [4]. - The voting results for the resolution regarding the change of company directors were also documented [4]. Group 4: Legal Witness - The meeting was witnessed by Hunan Qiyuan Law Firm, with lawyers Tang Jianping and Shi Sheng present [5]. - The legal opinion confirmed that the meeting's procedures complied with relevant laws and regulations, and the qualifications of attendees and the convenor were valid [5].

证券代码：600458 证券简称：时代新材 公告编号：临 2025-055 株洲时代新材料科技股份有限公司 2025年第一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 9 月 9 日 (二)股东大会召开的地点：株洲市天元区黑龙江路 639 号时代新材全球总部园区 103 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 | 299 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 482,648,324 | | 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（%） | 51.8318 | (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。 本次股东大会由公司董事会召集，公司董事长彭华文先生主持会议，会议采 用现场结合网络投票的表决方式。会议召 ...

2025年第一次临时股东大会的 法律意见书 致：株洲时代新材料科技股份有限公司 湖南启元律师事务所（以下简称"本所"）接受株洲时代新材料科技股份有 限公司（以下简称"公司"）的委托，指派本律师出席了公司 2025 年第一次临时 股东大会（以下简称"本次股东大会"），对本次股东大会的召集和召开程序、 出席会议人员及召集人的资格、表决程序和表决结果的合法有效性进行现场律师 见证，并发表本法律意见。 本律师根据《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》"）、《上市公司股东会规则》 （以下简称"《股东会规则》"）等我国现行法律、法规、规范性文件以及《株 洲时代新材料科技股份有限公司章程》（以下简称"《公司章程》"）的有关规 定出具本法律意见书。 本律师声明如下： （一）本律师根据本法律意见书出具日以前已经发生或者存在的事实，严格 履行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保 证本法律意见所认定的事实真实、准确、完整，所发表的结论性意见合法、准确， 不存在虚假记载、误导性陈述或者重大遗漏，并承担相应法律责任。 湖南启元律师事务所 关于 ...