Group 1 - China Shipbuilding Industry Corporation is set to absorb China Shipbuilding Industry Corporation through a share swap, with the A-shares of China Shipbuilding Industry Corporation terminating listing on September 5 [1] - Yutong Bus reported sales of 4,260 units in August, representing a year-on-year increase of 16.78% [1] Group 2 - Shanghai Raist plans for some directors and all senior management to increase their shareholding by no less than 6 million yuan within six months [2] - Bowei Alloy's upcoming high-end AI smartphone will fully utilize the company's VC cooling materials [2] - Guoxin Technology has successfully tested a new generation of automotive electronic BLDC motor drive control high-performance chip [2] - Junsheng Electronics is collaborating with leading clients like Zhiyuan Robotics, with customized main control boards already in mass production [2] - Fuliwang has begun shipping metal components such as robot reducers [2] - Beijing Lier has signed strategic cooperation agreements with SenseTime and Xiwang Technology to explore AI computing power collaboration [2] - Xiandai Intelligent has successfully completed the entire process for mass production of all-solid-state batteries [2] - Tongguan Copper Foil has developed copper foil products suitable for solid-state and semi-solid-state batteries [2] - Heng Rui Pharmaceutical has received a clinical trial approval notice for HRS-4729 injection [2] - Ningbo Construction's subsidiary has won construction projects totaling 1.117 billion yuan [2] - Zhongwei Company has launched six new semiconductor equipment products [2] - China Construction Bank's CCB Financial Leasing plans to increase capital by 3 billion yuan to CCB Shipping and Aviation [2]

Summary of the Conference Call for 博威合金 Company Overview - **Company**: 博威合金 (Bohai Alloy) - **Industry**: New materials, renewable energy, automotive electronics Key Points and Arguments Industry Growth and Demand - The new materials business is benefiting from rapid growth in industries such as electric vehicles, computing servers, AI smartphones, and semiconductors, particularly in high and low voltage connectors, high-speed connector materials, and thermal materials [2][5] - The U.S. photovoltaic market shows strong demand, but supply is limited due to an incomplete industrial chain and trade policies [2][5] Financial Performance - In the first half of 2025, the company achieved a total revenue of 10.105 billion yuan, with new materials contributing 7.935 billion yuan and renewable energy contributing 2.17 billion yuan [4] - The net profit for the same period was 676 million yuan, with new materials generating a profit of 234.31 million yuan and renewable energy generating 441.84 million yuan [4] - New materials sales volume reached 125,605 tons, a year-on-year increase of 11.03% [4] Product and Market Development - The automotive electronics segment has surpassed 20% of total business, with expected production and sales of 25,000 tons by 2025 [2][6] - The company is closely collaborating with strategic clients, with processing fees adjusted based on project needs [2][7] - The company is supplying thermal materials for the iPhone 17, with an estimated total of 4,100 tons needed for 125 million units [2][8] Strategic Initiatives - Plans to relocate the Vietnam factory to Morocco to enhance project efficiency and capacity utilization [3][19] - The company is considering selling its U.S. photovoltaic subsidiary to meet subsidy policy requirements [3][19] Future Outlook - The company anticipates significant growth in demand for high and low voltage connectors and high-speed connector materials due to the rise of range-extended electric vehicles and solid-state batteries [5] - The introduction of new AI smartphones is expected to drive demand for thermal materials [5] - The company is also focusing on the semiconductor packaging materials business as domestic chip production accelerates [5] Challenges and Risks - The company faces challenges from U.S. tariffs, which are currently borne by clients, limiting the impact on the company [7] - The European market is experiencing difficulties, particularly for competitors like BK Company, which has been affected by the energy crisis and competition from Chinese electric vehicles [16] Collaboration and Market Share - Collaboration with NVIDIA involves the use of liquid cooling materials in their server cabinets, with significant profit margins expected [3][14] - The company holds a market share of approximately 50% in the copper rod market for NVIDIA's GPU300, with plans for expansion [14] Production and Supply Chain - The new 1GW component project in the U.S. has faced delays but is expected to ramp up production quickly due to existing capacity utilization [17] - The company is prioritizing output to maximize subsidy benefits from the U.S. market [18] Conclusion - 博威合金 is positioned for growth in multiple sectors, leveraging strategic partnerships and addressing market challenges while focusing on innovation and capacity expansion to enhance profitability and market share [2][5][19]

Group 1 - The company currently has the production capacity for rolled alloy copper foil, which is a specialized material for high-speed transmission in dynamic flexible motion applications [1] - The processing difficulty of alloy copper foil is high, resulting in a greater added value compared to other types of copper foil [1] - There is a distinction between alloy copper foil and electrolytic copper foil, with the latter being used in the PCB industry as static copper foil that cannot be bent repeatedly, indicating different demand and applications [1]

Core Viewpoint - The company, Bowei Alloy (601137.SH), is a key supplier of VC cooling materials for Company A, which is set to launch its first high-end AI smartphone that will fully utilize these materials [1] Group 1 - Bowei Alloy is identified as an important supplier for Company A's VC cooling materials [1] - The upcoming high-end AI smartphone from Company A will incorporate Bowei Alloy's VC cooling materials [1]

Group 1 - The company, Bo Wei Alloy (601137.SH), currently has the production capacity for rolled alloy copper foil, which is a specialized material for high-speed transmission in dynamic flexible motion applications [1] - The processing difficulty of alloy copper foil is high, resulting in a greater added value compared to other types of copper foil [1] - The company clarifies that electrolytic copper foil, used in the PCB industry, is static and cannot be bent repeatedly, indicating that the demand and applications for these materials are different and currently do not have mutual substitutability [1]

Group 1 - The company announced the convening of its second extraordinary general meeting of shareholders for 2025 on September 3, 2025 [2] - The meeting approved multiple proposals, including the revision and abolition of corporate governance systems [2]

Core Points - The legal opinion letter was issued by Shanghai Jintiancheng Law Firm regarding the second extraordinary general meeting of shareholders of Ningbo Bowei Alloy Materials Co., Ltd. scheduled for 2025 [1][2] - The law firm confirmed that the meeting was convened by the company's board of directors and that the notice was published in accordance with legal requirements [2][3] - The meeting took place on September 3, 2025, and utilized both on-site and online voting methods [3][4] Group 1 - The convening of the meeting was verified to be legal and valid, with the notice published 15 days prior to the meeting date [2][3] - A total of 196 shareholders and their proxies attended the meeting, representing 328,310,253 shares, which accounted for 39.9679% of the total voting shares [4][5] - The online voting system recorded participation from 191 shareholders, representing 3,833,725 shares, or 0.4667% of the total voting shares [4][5] Group 2 - The meeting's agenda was consistent with the items listed in the notice, and no modifications were made to the proposed resolutions during the meeting [5][6] - The voting results showed overwhelming support for the resolutions, with approval rates exceeding 99% for multiple proposals [6][8] - The participation of minority investors was noted, with 16,406,180 shares voted in favor, representing 96.5292% of the votes from this group [9] Group 3 - The law firm concluded that all aspects of the meeting, including the convening, attendance, voting procedures, and results, complied with relevant laws and the company's articles of association [9][10] - The legal opinion letter was issued in triplicate, each having equal legal effect [10]

Meeting Details - The shareholder meeting was held on September 3, 2025, at 1777 Yanzhou Avenue East, Ningbo [1] - The meeting was attended by ordinary shareholders and preferred shareholders with restored voting rights [1] Voting Results - All non-cumulative voting proposals were approved with significant majority support, including: - Proposal 1: 328,268,353 votes in favor (99.9872%) [1] - Proposal 2: 325,156,910 votes in favor (99.0395%) [1] - Proposal 3: 325,152,010 votes in favor (99.0380%) [1] - Proposal 4: 325,157,110 votes in favor (99.0395%) [1] - Proposal 5: 325,151,410 votes in favor (99.0378%) [1] Cumulative Voting - The cumulative voting results also showed strong support, with: - 325,152,967 votes in favor (99.0383%) for the election of Chen Kelei to the sixth board of directors [2] - 328,268,253 votes in favor (99.9872%) for the same proposal [2] Legal Compliance - The meeting and voting procedures complied with the Company Law and the company's articles of association, ensuring the validity of the resolutions passed [2][3]

Group 1 - The company held its 15th meeting of the sixth board of directors on August 18, 2025, where it approved the nomination of Chen Kelei as a candidate for the board of directors due to the resignation of one director [1] - The company convened a temporary shareholders' meeting on September 3, 2025, where Chen Kelei was elected as a director for the same term as the sixth board of directors [1] Group 2 - On September 3, 2025, the company held a workers' representative meeting where Li Hui was elected as a worker representative director for the sixth board of directors, effective immediately [2] - The company also held the 17th meeting of the sixth board of directors on the same day, where it approved the election of Li Hui as a member of the audit committee and the remuneration and assessment committee, with the same term as the sixth board of directors [2] - The composition of the audit committee and the remuneration and assessment committee remains unchanged after the elections [2]

| 证券代码：601137 | 证券简称：博威合金 | 公告编号：临 | 2025-090 | | --- | --- | --- | --- | | 债券代码：113069 | 债券简称：博23转债 | | | 宁波博威合金材料股份有限公司 关于补选董事会董事、选举职工代表董事及部分 专门委员会委员的公告 特此公告。 宁波博威合金材料股份有限公司 公司于2025年9月3日召开公司2025年第二次临时股东大会，以累积投票制选举通过 陈科磊先生为公司六届董事会董事，任期与公司第六届董事会相同。 二、关于选举公司职工代表董事及部分专门委员会委员的情况 鉴于公司董事李辉先生于2025年9月3日提出辞去公司董事职务，并一并辞去公司审计 委员会及薪酬与考核委员会委员职务，根据《中华人民共和国公司法》及《公司章程》 的有关规定，公司于2025年9月3日召开职工代表大会，选举李辉先生为公司第六届董事 会职工代表董事，任期自本次职工代表大会审议通过之日起至公司第六届董事会任期届 满之日止。 同日，公司召开第六届董事会第十七次会议，审议通过了《关于选举审计委员会及 薪酬与考核委员会部分委员的议案》，同意选举李辉先生为公司审计委 ...