Group 1 - The graphite electrode sector saw a rise of 2.32%, ranking third among concept sectors, with 12 stocks increasing in value, including Puxin Technology, Shantai Technology, and Suotong Development reaching their daily limit [1][2] - Notable gainers included Zhongke Electric, Bettery, and China Baowu, which rose by 14.59%, 13.58%, and 3.70% respectively [1] - The sector experienced a net outflow of 0.11 billion yuan in main funds, with 8 stocks receiving net inflows, and 7 stocks seeing inflows exceeding 10 million yuan [2][3] Group 2 - The top net inflow was recorded for Suotong Development, with a net inflow of 324 million yuan, followed by Shantai Technology and Puxin Technology with net inflows of 220 million yuan and 205 million yuan respectively [2][3] - The net inflow ratios for Shantai Technology, Suotong Development, and Puxin Technology were 21.42%, 19.39%, and 11.52% respectively [3] - The stocks with the largest declines included Guomin Technology, Yong'an Pharmaceutical, and Huajin Co., which fell by 3.42%, 1.72%, and 1.50% respectively [1][4]

Core Viewpoint - Ningbo Shanshan Co., Ltd. reported strong financial performance in the first half of 2025, driven by the dual focus on anode materials and polarizers, with significant growth in both revenue and net profit [1] Financial Performance - The company achieved operating revenue of 9.858 billion yuan, representing a year-on-year increase of 11.78% [1] - Net profit attributable to shareholders reached 207 million yuan, showing a remarkable year-on-year growth of 1079.59% [1] - In the second quarter alone, net profit increased by 426% compared to the previous quarter [1] Industry Demand - The demand for lithium batteries continues to grow rapidly, driven by the electric vehicle and energy storage markets, leading to an overall increase in the demand for anode materials [1] - According to GGII, China's anode material shipment volume reached 1.29 million tons in the first half of 2025, marking a year-on-year growth of 37% [1] Strategic Positioning - As a leading player in the anode material industry, the company benefits significantly from the rising market demand [1] - The company has established deep partnerships with top global battery manufacturers to meet increasing customer demand [1] - The company maintains a leading market share in fast-charging products, with successful mass supply of new silicon-carbon products and hard carbon anode materials [1] Business Development - The polarizer business has also shown positive development, benefiting from a moderate recovery in the display industry and the concentration of production capacity in China [1]

Core Viewpoint - The company has demonstrated significant resilience and profitability in the first half of 2025, driven by its dual focus on negative electrode materials and polarizers, leading to substantial revenue and profit growth [2][3]. Group 1: Financial Performance - The company achieved a revenue of 9.858 billion yuan, representing a year-on-year increase of 11.78% [2]. - The net profit attributable to shareholders reached 207 million yuan, a remarkable year-on-year growth of 1079.59% [2]. - The net profit excluding non-recurring items was 169 million yuan, reflecting a year-on-year increase of 605.24% [2]. - In Q2 alone, the net profit attributable to shareholders surged by 426% compared to the previous quarter [2]. - The two core businesses combined generated a net profit of 415 million yuan [2]. Group 2: Market Demand and Positioning - The demand for lithium batteries continues to grow rapidly, driven by the electric vehicle and energy storage markets, resulting in a 37% year-on-year increase in China's negative electrode material shipments, totaling 1.29 million tons in the first half of 2025 [3]. - As a leading player in the negative electrode materials industry, the company has established deep partnerships with major battery manufacturers such as CATL, BYD, and LGES, aligning with their increasing demand [3]. - The company maintained its position as the world's largest producer of artificial graphite negative electrode materials, accounting for 21% of the total shipments in the industry [3][6]. Group 3: Polarizer Business Growth - The company holds a 34% market share in the large-size LCD polarizer segment, maintaining its global leadership [4]. - The polarizer business has benefited from a mild recovery in the display industry and the concentration of production capacity in China, with expectations that Chinese manufacturers will account for 65% of global polarizer capacity by 2025 [4]. - The company is actively pursuing a high-end product strategy, leading to steady sales growth and an increase in average product prices [4]. Group 4: Technological Advancements and Cost Efficiency - The company has focused on R&D innovation, increasing its research investment in the first half of 2025, resulting in a strong competitive edge and business growth potential [5]. - As of June, the company holds 359 authorized patents in the negative electrode materials sector, with significant advancements in areas such as supercharging and silicon-carbon precursor synthesis [6]. - In the polarizer sector, the company has over 1,000 patents related to LCD and OLED technologies, establishing long-term collaborations with major panel manufacturers [6]. - The company has implemented refined management practices to optimize operational efficiency, including enhancing customer structure and increasing capacity utilization in the negative electrode materials segment [6].

Group 1 - The company Shanshan Co., Ltd. reported a half-year revenue of 9,858,484,315.28 yuan, representing a year-on-year increase of 11.78% [1] - The net profit attributable to shareholders of the listed company reached 207,308,198.84 yuan, showing a significant year-on-year increase of 1079.59% [1] Group 2 - Among the top ten circulating shareholders, CITIC Securities Co., Ltd. and Zhong Ge were newly added as circulating shareholders [2]

人民财讯8月29日电，杉杉股份（600884）8月29日晚间披露半年报，2025年上半年，公司实现营业收入 98.58亿元，同比增长11.78%；归属于上市公司股东的净利润2.07亿元，同比增长1079.59%；基本每股 收益0.096元。报告期内，公司负极材料业务实现销量与盈利水平同比显著提升，偏光片业务虽盈利有 所下滑，但仍保持稳定运营。 ...

Meeting Overview - The 20th meeting of the 11th Board of Directors of Ningbo Shanshan Co., Ltd. was held in accordance with relevant laws and regulations [1] - The meeting was convened on August 29, 2025, with all 11 directors present [1] Resolutions Passed - The board approved the 2025 semi-annual report in full and summary form, with unanimous support (11 votes in favor, 0 against, 0 abstentions) [1] - The board also approved the proposal for asset impairment provisions for the first half of 2025, with unanimous support (11 votes in favor, 0 against, 0 abstentions) [2] Asset Impairment Details - The company conducted a comprehensive review of its assets as of June 30, 2025, resulting in a total impairment provision of CNY 151,654,781.11, which will reduce the total profit for the first half of 2025 by the same amount [2][3] - Breakdown of impairment provisions includes: - Inventory impairment: CNY 115,489,557.97 - Fixed asset impairment: CNY 9,189,327.93 - Total asset impairment: CNY 162,888,685.45 - Credit impairment adjustments: CNY -11,233,904.34 [3] Financial Health - The company stated that its operational management is normal and its financial condition is stable, indicating that the impairment provisions will not significantly impact normal operations [3] Regulatory Compliance - The board approved amendments to relevant company policies to align with the new Company Law and updated regulations from the China Securities Regulatory Commission and Shanghai Stock Exchange [4][5]

证券代码：600884 证券简称：杉杉股份 公告编号：临 2025-065 宁波杉杉股份有限公司 第十一届董事会第二十次会议决议公告 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法律责任。 一、董事会会议召开情况 （一）宁波杉杉股份有限公司（下称"公司"）第十一届董事会第二十次会 议的召开符合《中华人民共和国公司法》《宁波杉杉股份有限公司章程》及有关 法律法规的相关规定。 （二）本次董事会会议于 2025 年 8 月 19 日以书面形式发出会议通知。 （三）本次董事会会议于 2025 年 8 月 29 日以通讯表决方式召开。 （四）本次董事会会议由公司董事长主持，应出席董事 11 名，实际出席会 议董事 11 名，无缺席会议的董事。 二、董事会会议审议情况 会议审议并表决通过如下议案： （一） 关于宁波杉杉股份有限公司2025年半年度报告全文及摘要的议案； （详见上海证券交易所网站） （11 票赞成，0 票反对，0 票弃权） 本议案已经公司董事会审计委员会全体委员一致审议通过，并同意提交公司 董事会审议。 （二）关于2025年半年度计 ...

宁波杉杉股份有限公司 年报信息披露重大差错责任追究制度 （2025 年修订） 第二章 年报信息披露重大差错的责任追究 第六条 有下列情形之一的，本公司将追究责任人的责任： （一）违反《公司法》《证券法》《企业会计准则》和《企业会计制度》等国 家法律法规和规范性文件的规定，使年报信息披露发生重大差错或造成不良影响的； （二）违反《上市公司信息披露管理办法》《上海证券交易所股票上市规则》以 及中国证监会和上海证券交易所发布的有关年报信息披露指引、准则、通知等，使 年报信息披露发生重大差错或造成不良影响的； 第一章 总 则 第一条 为了提高宁波杉杉股份有限公司（下称"（本）公司"）的规范运作 水平，增强信息披露的真实性、准确性、完整性和及时性，提高年报信息披露的质 量和透明度，根据有关法律法规的规定，结合公司实际情况，制定本制度。 第二条 本制度所指责任追究制度是指年报信息披露工作中有关人员不履行 或者不正确履行职责、义务或其他个人原因，对公司造成重大经济损失或造成不良 社会影响时的追究与处理制度。 第三条 本制度适用于公司董事、高级管理人员、各子公司负责人、控股股 东及实际控制人以及与年报信息披露工作有关的其他人 ...

宁波杉杉股份有限公司 外部信息使用人管理制度 （2025 年修订） 第一条 为加强宁波杉杉股份有限公司（下称"（本）公司"）定期报告及 重大事项在编制、审议和披露期间，公司外部信息报送和使用管理，依据《中 华人民共和国公司法》《中华人民共和国证券法》《上市公司信息披露管理办法》 及《宁波杉杉股份有限公司章程》《宁波杉杉股份有限公司信息披露事务管理制 度》《宁波杉杉股份有限公司内幕信息知情人登记管理制度》（以下简称《内幕 信息知情人登记管理制度》）等有关规定，制定本办法。 第二条 公司的董事、高级管理人员应当遵守信息披露与内幕信息事务管 理相关规定的要求，对公司定期报告及重大事项履行必要的传递、审核和披露 流程。 第三条 公司的董事、高级管理人员及其他相关涉密人员在定期报告编制、 公司重大事项筹划期间，负有保密义务。定期报告、临时报告公布前，不得以 任何形式、任何途径向外界或特定人员泄漏定期报告、临时报告的内容，包括 但不限于业绩座谈会、分析师会议、接受投资者调研座谈等方式。 第四条 在定期报告披露前，公司依据法律法规向特定外部信息使用人报 送未公开的定期财务数据，且预计无法保密的，提供时间不得早于公司业绩快 ...

宁波杉杉股份有限公司 董事会秘书工作规则 （2025年修订） 第一章 总则 第一条 为了促进宁波杉杉股份有限公司（以下简称"公司"）规范运作， 提高公司治理水平，充分发挥董事会秘书的作用，做好公司信息披露工作，保护 投资者合法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司治理准则》《上海证券交易所股票上市规则》及《上海证券交易所上市公 司自律监管指引第1号——规范运作》等有关法律法规、部门规章、规范性文件 及《宁波杉杉股份有限公司章程》（以下简称"公司章程"），制定本工作规则。 第二条 公司设董事会秘书，负责公司股东会和董事会会议的筹备及文件保 管、公司股东资料的管理、办理信息披露事务、投资者关系工作等事宜。 董事会秘书是公司高级管理人员，承担法律法规、部门规章、规范性文件及 公司章程对公司高级管理人员所要求的义务，享有相应的工作职权，并获取相应 的报酬。董事会秘书对公司和董事会负责，应忠实、勤勉地履行职责。 董事会秘书应遵守法律法规、部门规章、规范性文件、公司章程及本工作规 则的有关规定。 第三条 董事会秘书是公司与上海证券交易所（以下简称"上交所"）之间 的指定联络人。董事会秘书或 ...