2025 年第五次临时股东会 会议资料 2025 年 12 月 30 日 目 录 | 一、 | 会议议程 | 2 | | --- | --- | --- | | 二、 | 会议议案 | 3 | | 1. | 关于取消监事会、修订《公司章程》部分条款的议案 | 3 | | 三、 | 附件 | 4 | | | 附件 1：《公司章程》及其附件的修订内容 | 4 | 华新建材集团股份有限公司 1 会议议程 会议时间：2025 年 12 月 30 日 14:00 会议地点：湖北省武汉市东湖新技术开发区高新大道 426 号华新大厦 B 座 2 楼会议室 会议主席：徐永模 一、会议开始 会议主席宣布现场会议参会人数、代表股数。 二、审议议案 1、关于取消监事会、修订《公司章程》部分条款的议案 三、议案表决 六、会议结束 2 四、宣布表决结果 五、律师发表见证意见 关于取消监事会、修订《公司章程》部分条款的议案 各位股东、股东代表： 二、 《公司章程》及其附件的修订情况 鉴于取消监事会，根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司章程指引》《上海证券交易所股票上市规则》等法律、法规、规范性 文件，结合公司 ...

Group 1: Cement Industry - The effect of capacity reduction is expected to become evident by 2026, improving the supply-demand balance and enhancing price recovery, leading to gradual profit restoration for companies [1] - In November, cement prices are expected to trend weakly due to seasonal demand reduction, despite a significant increase in kiln stoppage rates and a marginal decrease in clinker inventory [2] - The cement price is anticipated to stabilize until March next year, supported by high stoppage rates in northern regions and strong price stabilization intentions from companies [2] Group 2: Glass Fiber Industry - Demand for high-end coarse yarn has slightly declined, but mainstream electronic yarn demand continues to support price increases, with a marginal rise in coarse yarn prices [3] - The electronic yarn market shows stable demand, with prices increasing slightly, while high-end products maintain a favorable market outlook due to limited new capacity release [3] Group 3: Consumer Building Materials - Retail demand for home decoration materials weakened in October, with a year-on-year decline of 8.3%, while the cumulative retail sales from January to October grew by only 0.5% [4] - The ongoing urban renewal strategy is expected to release demand for renovation and old housing improvement, enhancing the market penetration of high-quality green building materials [4] Group 4: Float Glass Industry - The float glass market shows no significant changes in demand, with reduced production capacity leading to a contraction in total industry supply, yet prices continue to decline due to high inventory levels [5] - Short-term demand is expected to remain weak, but inventory pressure may ease, leading to a forecast of price stabilization [5] Group 5: Investment Recommendations - Companies to watch in the cement sector include Huaxin Cement, Shangfeng Cement, and Anhui Conch Cement [5] - In the glass fiber sector, focus on China Jushi and China National Materials [5] - For consumer building materials, recommended companies include Oriental Yuhong, Beixin Building Materials, Weixing New Materials, Sankeshu, and Tubao [5] - In the float glass sector, Qibin Group is highlighted for investment [5]

香港联交所最新资料显示，12月4日，总裁兼执行董事李叶青增持华新建材(06655)8500股，每股作价 16.797港元，总金额约为14.28万港元。增持后最新持股数目约为113.86万股，最新持股比例为0.15%。 追加内容 本文作者可以追加内容哦 ! 12月4日，总裁兼执行董事李叶青增持华新建材(06655)8500股，每股作价16.797港元，总金额约为14.28 万港元。 ...

智通财经APP获悉，香港联交所最新资料显示，12月4日，总裁兼执行董事李叶青增持华新水泥 (06655)8500股，每股作价16.797港元，总金额约为14.28万港元。增持后最新持股数目约为113.86万股， 最新持股比例为0.15%。 ...

Core Viewpoint - The latest report from Tianfeng Securities indicates that the cement industry has strong support for bottom-line profitability in the short term, and its future development direction is becoming clearer [1] Short-term Analysis - The cement industry is currently entering a critical period of staggered production during the heating season, with over 85% of clinker lines in northern provinces in a shutdown state [2] - Various provinces have announced their shutdown plans for December, with the Yangtze River Delta region planning to shut down for 13 to 15 days, and Hunan province planning a complete shutdown for a month due to environmental pressures [2] - The increased efforts in staggered production have effectively reduced market supply, providing strong support for cement prices and establishing a solid foundation for bottom-line profitability in the industry [2] Related Companies - Conch Cement, as a leading company in the cement industry, has a large production scale and extensive sales network, allowing it to better control market supply and stabilize product prices during staggered production [3] - Huaxin Cement has made significant investments in technology research and environmental protection, enabling it to maintain a high market share and provide strong support for short-term profitability during staggered production [3] Long-term Outlook - The year 2025 is identified as a crucial turning point for the cement industry, with head enterprises beginning to address excess production capacity [4] - By November, a total of 52.5 million tons of capacity has been replaced, while 83.59 million tons of capacity has been exited, with policies in 2025 aimed at regulating production order in the industry [4] - The actual effects of excess production governance are expected to become evident in 2026, leading to a more equitable market competition and increased industry concentration [4] - Jidong Cement is highlighted as a company to watch, as it holds a significant market position in northern regions and is expected to optimize its capacity structure and improve production efficiency in response to policy changes [4] - Tapai Group, with a strong market share in southern China, focuses on technological innovation and green development, positioning itself to excel in future market competition [4] Summary - Tianfeng Securities' report outlines the short-term and long-term development trajectories of the cement industry, emphasizing the strong support for bottom-line profitability from staggered production and the new opportunities presented by the 2025 policy window and the expected effects of excess production governance in 2026 [5]

Group 1: Market Overview - As of November 30, 2025, the Shanghai Composite Index fell by 1.67%, while the Shenzhen Component Index and the ChiNext Index dropped by 2.95% and 4.23%, respectively[5] - The average decline of the stock portfolio in November was 4.83%, underperforming the CSI 300 Index, which fell by 2.46%[5] - The market is expected to experience consolidation, with external economic conditions remaining stable and the potential for further monetary easing by the Federal Reserve[5] Group 2: Stock Recommendations - Huaxin Cement (600801) is positioned for overseas expansion, with a closing price of 22.42 CNY and a projected EPS of 1.42 CNY for 2025[8][12] - Sanmei Co. (603379) focuses on refrigerants, with a closing price of 52.17 CNY and an expected EPS of 3.50 CNY for 2025[13][15] - China Duty Free Group (601888) benefits from policy dividends, closing at 79.03 CNY with a projected EPS of 1.94 CNY for 2025[16][19] - Contemporary Amperex Technology Co. (300750) is undergoing valuation recovery, with a closing price of 373.20 CNY and an expected EPS of 15.00 CNY for 2025[20][23] - Sungrow Power Supply (300274) is seeing favorable conditions in new energy storage, closing at 182.90 CNY with a projected EPS of 7.07 CNY for 2025[24][26] - SANY Heavy Industry (600031) is focused on engineering machinery, with a closing price of 20.32 CNY and an expected EPS of 1.00 CNY for 2025[27][29] - Yutong Bus (600066) is expanding its overseas market, closing at 31.11 CNY with a projected EPS of 2.14 CNY for 2025[33][37] - North Huachuang (002371) specializes in semiconductor equipment, with a closing price of 427.90 CNY and an expected EPS of 10.03 CNY for 2025[38][41] - Kingsoft Office (688111) is leveraging AI in office solutions, closing at 311.31 CNY with a projected EPS of 4.07 CNY for 2025[42][44]

Investment Rating - The industry investment rating is "Positive" and maintained [10] Core Views - Focus on the expectation of glass cold repairs and emphasize high-quality leading companies in consumer building materials [5][6] - Cement prices continue to decline, while glass inventory has slightly decreased month-on-month [7][8] - The real estate policy outlook is improving, suggesting a focus on high-quality leading companies in consumer building materials [5][6] Summary by Sections Cement - National cement prices have continued to decline, with a current average price of 355.00 yuan/ton, down 0.65 yuan/ton month-on-month and down 77.10 yuan/ton year-on-year [26] - The cement market is entering the off-season, with a national shipment rate of approximately 45%, down 0.3 percentage points month-on-month and down 2.5 percentage points year-on-year [7][26] - The northern market is experiencing a seasonal decline in demand, while some southern regions show slight recovery [7][25] Glass - The domestic float glass market prices have stabilized after a decline, with a current average price of 60.59 yuan/weight box, down 0.59 yuan/weight box month-on-month and down 15.51 yuan/weight box year-on-year [39] - The production capacity of float glass has slightly decreased, with 218 out of 283 production lines currently in operation, and a daily melting capacity of 156,155 tons [8][36] - Inventory levels in key monitored provinces have decreased, with a total inventory of 59.32 million weight boxes, down 730,000 weight boxes month-on-month [38][39] Consumer Building Materials - High-quality leading companies in consumer building materials are expected to have bottom value, with recommendations for companies like SanKeTree, TuBaoBao, and WeiXing New Materials [6] - From a cyclical bottom and structural optimization perspective, companies in waterproofing and coatings are recommended due to significant supply exits and increased market share for leading companies [6] - If market conditions improve, the expected price performance ranking is waterproofing > coatings > pipes/hardware/gypsum board [6] Special Fabrics - Attention is drawn to the opportunities in AI special fabrics after recent adjustments, with domestic leaders like ZhongCai Technology benefiting from domestic substitution trends [9]

Market Overview - The cement sector experienced a decline of 0.25% on December 2, with Huaxin Cement leading the drop [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] Individual Stock Performance - Sichuan Jinding (600678) saw a significant increase of 4.12%, closing at 11.62 with a trading volume of 1.1739 million shares and a turnover of 1.341 billion [1] - Fujian Cement (600802) rose by 2.53%, closing at 8.12 with a trading volume of 994,200 shares and a turnover of 798 million [1] - Huaxin Cement (600801) declined by 1.69%, closing at 22.15 with a trading volume of 63,400 shares and a turnover of 141 million [2] Capital Flow Analysis - The cement sector experienced a net outflow of 214 million from institutional investors, while retail investors saw a net inflow of 255 million [2] - The detailed capital flow for individual stocks indicates that Sichuan Jinding had a net inflow of 49.73 million from institutional investors, while Huaxin Cement had a net outflow of 9.68 million [3]

香港交易及结算所有限公司及香港联合交易所有限公司对本公告的内容概不负责，对其准确性或 完整性亦不发表任何声明，并明确表示，概不对因本公告全部或任何部份内容而产生或因倚赖该 等内容而引致的任何损失承担任何责任。 華新建材集團股份有限公司 HUAXIN BUILDING MATERIALS GROUP CO., LTD.* ( 前稱華新水泥股份有限公司 HUAXIN CEMENT CO., LTD.* ) （於中華人民共和國注册成立的股份有限公司） （股份代號：6655） 變更公司名稱及證券簡稱 茲提述華新建材集團股份有限公司（前稱華新水泥股份有限公司，「本公司」）日期為 2025年10月3日、2025年10月30日的公告（「該等公告」），以及日期為2025年10月3日 的通函（「該通函」），內容有關（其中包括）本公司擬變更公司名稱及證券簡稱。除 另有所指外，本公告所用詞彙應與該通函內所界定者具有相同涵義。誠如該等公告所披 露，本公司已完成公司名稱的工商變更登記手續，並取得了黃石市市場監督管理局換發 的營業執照。本公司中文名稱由「華新水泥股份有限公司」變更為「華新建材集團股份 有限公司」。 於2025年11月26 ...

华新水泥(06655)公布，于2025年11月26日，香港公司注册处处长发出《注册非香港公司变更名称注册 证明书》，《证明书》确认公司根据《公司条例》(香港法例第622章)第16部在香港注册的英文名称 由"HUAXIN CEMENT CO.，LTD."变更为"HUAXIN BUILDINGMATERIALS GROUP CO.,LTD."及中文 名称由"华新水泥股份有限公司"变更为"华新建材（600801）集团股份有限公司"。 公司于联交所进行买卖H股的中文证券简称将由"华新水泥"变更为"华新建材"及英文证券简称将 由"HUAXIN CEMENT"变更为"HX BLDG MAT"，自2025年12月4日上午9时正起生效。H股股份代号维 持不变，仍为"06655"。 ...