公司通过发挥自身在负极产业的技术、资本、渠道等优势，作为产业协同方参与杉杉集团及其全资子公 司朋泽贸易的实质合并重整，有利于公司加快负极产业布局，实现产业链一体化和供应链长期稳定安 全，充分发挥公司固态电池等新能源产业协同效应，增强公司盈利能力，提升公司核心竞争力。本次参 与杉杉集团及其全资子公司朋泽贸易的实质合并重整符合公司产业布局和战略发展。预计对公司未来经 营发展产生积极影响。 智通财经APP讯，方大炭素(600516.SH)发布公告，公司于2025年11月24日召开第九届董事会第十四次临 时会议，审议通过了《关于拟参与杉杉集团及其全资子公司实质合并重整投资人招募的议案》，同意公 司作为产业协同方参与杉杉集团有限公司(简称杉杉集团)及其全资子公司宁波朋泽贸易有限公司(简称宁 波朋泽)的实质合并重整投资人招募，同时授权公司管理层代表公司拟定和提交重整投资的报名资料、 签署尽职调查保密协议、开展尽职调查、提交《重整投资方案》等各项工作。 ...

证券代码 ：600516 证券简称： 方大炭素 公告编号：2025—050 方大炭素新材料科技股份有限公司 关于拟参与杉杉集团及其全资子公司 实质合并重整投资人招募的公告 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： 1.公司拟报名参与杉杉集团及其全资子公司朋泽贸易的实质合并重整投资 人招募，最终能否成为正式的重整投资人尚存在不确定性； 2.若公司被确定为重整投资人，后续《重整投资协议》等相关文件的签订及 法院裁定等法律程序尚存在不确定性； 3.本次重整投资能否顺利实施以及整合效果能否达到投资预期存在一定的 不确定性，可能导致与公司预期的经营情况存在差异。 方大炭素新材料科技股份有限公司（以下简称公司)于 2025 年 11 月 24 日召 开第九届董事会第十四次临时会议，审议通过了《关于拟参与杉杉集团及其全资 子公司实质合并重整投资人招募的议案》，同意公司作为产业协同方参与杉杉集 团有限公司（以下简称杉杉集团）及其全资子公司宁波朋泽贸易有限公司(以下 简称宁波朋泽)的实质合并重整投资人招募，同时授权公司管理 ...

Core Insights - The article highlights the ongoing capital operations of Fang Wei, chairman of Fangda Group, particularly focusing on HNA Holding's recent financial maneuvers and Fangda Group's strategic investments across various industries [2][5][18]. Group 1: Capital Operations - HNA Holding completed a capital increase of 1.635 billion yuan to its subsidiary HNA Technology, maintaining a 68.07% stake post-increase [5]. - HNA Holding also finalized a 799 million yuan acquisition of Tianyu Flight Training, a flight training company, indicating a strategic focus on aviation [5][9]. - Fangda Group's investments include a 2.66 billion yuan increase in Chongqing Fangda Aviation International Headquarters and a 9.58 billion yuan acquisition of a 65% stake in Chongqing Medical University Affiliated Third Hospital [8][17]. Group 2: Business Performance - All five A-share companies under Fangda Group reported profitability in the first three quarters of 2025, with notable performances from Fangda Special Steel and HNA Holding [18][20]. - HNA Holding's net profit reached 2.845 billion yuan, a 30.93% increase year-on-year, recovering from previous significant losses [19][20]. - Fangda Carbon's net profit was 113 million yuan, despite a more than 50% decline, reflecting the pressures of the steel industry's low cycle [18]. Group 3: Fangda Model - The "Fangda Model" is characterized by precise asset acquisition, capital operations, and the introduction of refined management practices, which have proven effective in revitalizing struggling companies [22][23]. - Fang Wei's approach includes maintaining employee stability and morale through financial incentives and a commitment to not reducing staff or salaries [22][23]. - The model's effectiveness is evident in the successful turnaround of previously distressed companies, showcasing its resilience and adaptability in various sectors [22][23].

Core Viewpoint - Fangda Carbon's stock price has shown volatility, with a year-to-date increase of 24.12%, but a recent decline of 6.43% over the past five trading days, indicating potential market fluctuations and investor sentiment changes [1] Financial Performance - For the period from January to September 2025, Fangda Carbon reported a revenue of 2.622 billion yuan, representing a year-on-year decrease of 16.79%. The net profit attributable to shareholders was 113 million yuan, down 55.89% compared to the previous year [2] - Cumulative cash dividends since the company's A-share listing amount to 6.189 billion yuan, with 203 million yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for Fangda Carbon was 204,400, a slight increase of 0.09% from the previous period. The average number of circulating shares per shareholder decreased by 0.09% to 19,694 shares [2] - The top circulating shareholder is the Southern CSI 500 ETF, holding 41.0445 million shares, a decrease of 981,300 shares from the previous period. The Hong Kong Central Clearing Limited increased its holdings by 5.8579 million shares to 34.0782 million shares [3] Market Activity - Fangda Carbon's stock experienced a trading volume of 154 million yuan with a turnover rate of 0.64%. The total market capitalization stood at 24.035 billion yuan [1] - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent instance on November 21, where it recorded a net buy of -106 million yuan [1]

Core Viewpoint - Fangda Carbon's stock experienced a significant decline, with a daily drop limit reached and notable net selling from institutional investors [2][3] Trading Performance - Fangda Carbon's stock fell to the daily limit, with a turnover rate of 6.57% and a total trading volume of 1.651 billion yuan, showing a price fluctuation of 9.18% [2] - The stock was listed on the Shanghai Stock Exchange for a daily price deviation of -7.58%, with net selling from the Shanghai-Hong Kong Stock Connect amounting to 46.4 million yuan [2] Institutional Activity - The top five trading departments accounted for a total transaction volume of 241 million yuan, with buying amounting to 67.57 million yuan and selling at 173 million yuan, resulting in a net selling of 106 million yuan [2] - The Shanghai-Hong Kong Stock Connect was both the largest buyer and seller, with a buying amount of 26.77 million yuan and a selling amount of 73.17 million yuan, leading to a net selling of 46.4 million yuan [2] Capital Flow - The stock saw a net outflow of 252 million yuan from major funds, with a significant outflow of 205 million yuan from large orders and 47 million yuan from medium orders [2] - Over the past five days, the net outflow of major funds totaled 146 million yuan [2] Financing and Margin Trading - As of November 20, the margin trading balance for Fangda Carbon was 1.069 billion yuan, with a financing balance of 1.054 billion yuan and a securities lending balance of 14.97 million yuan [2] - In the last five days, the financing balance increased by 89.48 million yuan, representing a growth of 9.27%, while the securities lending balance rose by 26,720 yuan, a growth of 1.82% [2] Financial Results - For the first three quarters, Fangda Carbon reported a total revenue of 2.622 billion yuan, a year-on-year decrease of 16.79%, and a net profit of 113 million yuan, down 55.89% year-on-year [3]

Market Overview - The steel raw materials sector experienced a significant decline of 7.96% on November 21, with Fangda Carbon leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Individual Stock Performance - Key stocks in the steel raw materials sector showed notable declines, with the following closing prices and percentage changes: - Hebei Resources: 17.13, -3.76% - Ordos: 11.10, -3.81% - Guangdong Mingzhu: 6.63, -4.47% - Steel Titanium: 3.01, -6.23% - Jinling Mining: 9.00, -8.54% - Baodi Mining: 6.99, -9.92% - Hainan Mining: 11.91, -9.98% - Dazhong Mining: 31.11, -10.01% - Fangda Carbon: 46.10, -10.03% [1] Capital Flow Analysis - The steel raw materials sector saw a net outflow of 591 million yuan from main funds, while retail investors contributed a net inflow of 558 million yuan [1] - The following table summarizes the capital flow for individual stocks: - Jinling Mining: Main funds net inflow of 416,000 yuan, retail net outflow of 242,640 yuan - Guangdong Mingzhu: Main funds net outflow of 4,430,600 yuan, retail net inflow of 17,561,700 yuan - Hebei Resources: Main funds net outflow of 9,426,400 yuan, retail net inflow of 11,678,400 yuan - Ordos: Main funds net outflow of 30,070,200 yuan, retail net inflow of 27,567,700 yuan - Baodi Mining: Main funds net outflow of 37,535,600 yuan, retail net inflow of 20,393,200 yuan - Steel Titanium: Main funds net outflow of 67,758,500 yuan, retail net inflow of 89,443,000 yuan - Dazhong Mining: Main funds net outflow of 67,807,300 yuan, retail net inflow of 45,444,800 yuan - Hainan Mining: Main funds net outflow of 87,271,300 yuan, retail net inflow of 87,836,100 yuan - Fangda Carbon: Main funds net outflow of 28,700,000 yuan, retail net inflow of 26,100,000 yuan [2]

Core Insights - The steel raw materials sector experienced a rise of 1.84% on November 19, with Fangda Carbon leading the gains [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Sector Performance - Fangda Carbon (600516) closed at 6.92, up 6.30% with a trading volume of 3.6294 million shares and a transaction value of 252.7 million yuan [1] - Dazhong Mining (001203) closed at 32.29, up 4.77% with a trading volume of 893,300 shares and a transaction value of 2.869 billion yuan [1] - Ordos (600295) closed at 11.61, up 1.93% with a trading volume of 100,100 shares and a transaction value of 11.5 million yuan [1] - Other notable performances include Baodi Mining (601121) at 7.56, up 0.67%, and Hebei Steel Resources (000923) at 18.01, up 0.56% [1] Capital Flow - The steel raw materials sector saw a net outflow of 158 million yuan from main funds, while retail investors contributed a net inflow of 83.82 million yuan [1] - Fangda Carbon had a main fund net inflow of 165 million yuan, but overall, the sector experienced significant outflows from other companies like Steel Titanium Co. (000629) with a net outflow of 821.61 million yuan [2] - Retail investors showed strong interest in Steel Titanium Co. with a net inflow of 759.23 million yuan, despite the overall negative trend in main fund flows [2]

证券代码：600516 证券简称：方大炭素公告编号：2025-049 方大炭素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： 1.议案名称：关于续聘会计师事务所的议案 ● 本次会议是否有否决议案：无 一、会议召开和出席情况 ■ （四）表决方式是否符合《公司法》及《公司章程》的规定，股东大会主持情况等。 本次会议由公司董事会召集，董事长马卓先生主持本次会议，本次会议以现场和通讯相结合的方式召 开，采取现场与网络相结合的投票方式，会议的召集、召开及表决方式符合《公司法》及《公司章程》 的有关规定。 （五）公司董事和董事会秘书的出席情况 1.公司在任董事11人，出席11人； 2.董事会秘书出席会议；其他高管列席会议。 二、议案审议情况 （一）非累积投票议案 审议结果：通过 表决情况： ■ （二）累积投票议案表决情况 1.关于补选独立董事的议案 ■ （三）涉及重大事项，5%以下股东的表决情况 ■ （一）股东大会召开的时间：2025年11月18日 （二）股东大 ...

（二）公司2025年10月30日召开的第九届董事会第六次会议审议通过的议案。 甘肃金城律师事务所 关于方大炭素新材料科技股份有限公司2025年第一次临时股东大会 的法律意见书 （2025）甘金律书字1294号 致：方大炭素新材料科技股份有限公司 方大炭素新材料科技股份有限公司（简称"公司"）2025年第一次临时股东大会（简称"本 次会议"）于2025年11月18日召开。甘肃金城律师事务所接受公司委托，指派魏彦珩律师、张明 兴律师（简称"本所律师"）出席本次会议。根据《中华人民共和国公司法》（简称"《公司法》"）、 《中华人民共和国证券法》（简称"《证券法》"）、《上市公司股东大会规则》（简称"《股东大会规 则》"）、《方大炭素新材料科技股份有限公司章程》（简称"《公司章程》"）的规定，本所律师就本 次会议的召集、召开程序、出席会议人员资格、表决程序等相关事项进行见证，并发表法律意见。 为出具本法律意见，本所律师出席了本次会议，并审查了公司提供的以下文件，包括但不限于： （一）《公司章程》； （三）公司于2025年10月31日在上海证券交易所网站（http://www.sse.com.cn）公布的《方 大炭素新 ...

证券代码：600516 证券简称：方大炭素 公告编号：2025-049 方大炭素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 11 月 18 日 （二）股东大会召开的地点：甘肃省兰州市红古区海石湾镇方大炭素办公楼 五楼会议室 （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 | 1,165 | | --- | --- | | 2.出席会议的股东所持有表决权的股份总数（股） | 1,582,050,909 | | 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 | 41.8909 | | 份总数的比例（%） | | （四）表决方式是否符合《公司法》及《公司章程》的规定，股东大会主持 情况等。 本次会议由公司董事会召集，董事长马卓先生主持本次会议，本次会议以现 场和通讯相结合的方式召开，采取现场与网络 ...