Core Viewpoint - Ningbo Bowei Alloy Materials Co., Ltd. is holding its second extraordinary general meeting of shareholders in 2025 to discuss significant governance changes, including the cancellation of the supervisory board and amendments to the company's articles of association [1][2]. Group 1: Meeting Agenda - The meeting will include the introduction of attending shareholders, the election of vote counters, and the review and voting on the proposed resolutions [1]. - The agenda also includes the announcement of voting results and the reading of legal opinions by a witnessing lawyer [1]. Group 2: Proposal to Cancel the Supervisory Board - The company proposes to abolish the supervisory board, transferring its powers to the audit committee of the board of directors, in compliance with relevant laws and regulations [2]. - The current supervisory board will continue to perform its supervisory functions until the shareholders' meeting approves the cancellation [2]. Group 3: Changes in Registered Capital - The company plans to reduce its registered capital from 810,374,302 yuan to 810,094,302 yuan due to the repurchase and cancellation of 280,000 restricted stocks related to a former executive [2]. - The total share capital will also decrease correspondingly from 810,374,302 shares to 810,094,302 shares [2]. Group 4: Amendments to Articles of Association - Amendments to the articles of association will include the removal of references to the supervisory board and the addition of sections regarding controlling shareholders and independent directors [3]. - The revised articles will be submitted for approval at the shareholders' meeting, with the board authorized to handle related registration and filing matters [3]. Group 5: Governance System Revisions - The company has proposed revisions and abolitions of eight governance systems in light of the supervisory board's cancellation, which will be presented for shareholder approval [5]. - The board has already approved these changes in a prior meeting [5]. Group 6: Election of New Director - The company will propose the election of Chen Kelei as a new director of the sixth board, following the resignation of a current board member [6]. - Chen Kelei has extensive experience in international telecommunications and management, making him a suitable candidate for the board [6][8].

宁波博威合金材料股份有限公司 2025 年第二次临时股东大会会议资料 宁波博威合金材料股份有限公司 2025 年第二次临时股东大会会议资料 目 录 | | | | | | 宁波博威合金材料股份有限公司 | | | | | | 2025 | | | | | | | | | | 年第二次临时股东大会会议议程…………………2 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 、 1 | 《 | 关 | 于 | 取 | 消 | 监 | 事 | 会 | 、 | 变 | 更 | 公 | 司 | 注 | 册 | 资 | 本 | 并 | 修 | 订 < | 公 | 司 | 章 | 程 | > | 的 | 议 | 案 | 》 | | | | | … | | | … ...

Company Overview - Bowei Alloy, established on January 22, 1994, and listed on January 27, 2011, is located in Ningbo, Zhejiang Province. The company specializes in the R&D, production, and sales of high-performance and high-precision non-ferrous alloy materials, solar cell components, precision cutting wires, and welding wires [1][2]. Financial Performance - For the first half of 2025, Bowei Alloy achieved a revenue of 10.221 billion yuan, representing a year-on-year growth of 15.21%. The net profit attributable to shareholders was 676 million yuan, reflecting a growth of 6.05% [2]. - Since its A-share listing, Bowei Alloy has distributed a total of 1.694 billion yuan in dividends, with 923 million yuan distributed over the past three years [3]. Stock Performance - As of August 26, Bowei Alloy's stock price was 26.38 yuan per share, with a year-to-date increase of 33.24%. Over the past 60 days, the stock price has risen by 54.81% [1]. - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) twice this year, with the most recent appearance on August 13 [1]. Shareholder Information - As of August 20, the number of shareholders for Bowei Alloy was 44,100, a decrease of 5.61% from the previous period. The average number of circulating shares per shareholder increased by 6.19% to 18,439 shares [2]. - Notable shareholders include the Guangfu ETF, which is the ninth largest shareholder with 5.6805 million shares, and Hong Kong Central Clearing Limited, which is the tenth largest shareholder with 4.916 million shares, having reduced its holdings by 1.6831 million shares [3]. Market Position - Bowei Alloy operates within the non-ferrous metals sector, specifically in the metal new materials category. The company is associated with several concept sectors, including fast charging, high-speed connectors, data centers, and new energy vehicles [2].

Core Viewpoint - Bowei Alloy (601137) reported a net profit of approximately 676 million yuan for the first half of 2025, reflecting a year-on-year growth of 6.05% [1] Financial Performance - For the first half of 2025, Bowei Alloy achieved an operating revenue of approximately 10.221 billion yuan, representing a year-on-year increase of 15.21% [1] - The company's net profit attributable to shareholders was approximately 676 million yuan, with a year-on-year growth of 6.05% [1] - The adjusted net profit after deducting non-recurring items was approximately 655 million yuan, showing a year-on-year increase of 7.88% [1] Market Performance - On August 22, Bowei Alloy's stock price increased by 1.04%, closing at 27.23 yuan per share, with a total market capitalization of 22.15 billion yuan [1]

Core Viewpoint - The announcement from the company indicates a potential trigger for the redemption of its convertible bonds based on stock price performance over a specified period [2] Group 1 - The company announced that from August 11 to August 22, 2025, its stock price has closed at or above 130% of the current conversion price of the "Bo23 Convertible Bonds," which is 14.68 yuan per share, translating to 19.08 yuan per share for 10 trading days [2] - If the stock price maintains this level for 5 out of the next 20 trading days, it will trigger the redemption clause of the "Bo23 Convertible Bonds" [2] - The company's board has the authority to decide on the redemption of all or part of the unconverted convertible bonds at face value plus accrued interest, as per the terms outlined in the bond issuance prospectus [2]

Group 1 - The core concept of "aluminum replacing copper" as a conductive material is being actively explored by technology companies, with recent developments indicating a potential breakthrough in this area [1][2] - TE Connectivity and Bowei Alloy recently held a closed-door seminar to discuss advancements and future plans regarding the "aluminum replacing copper" technology, inviting over 50 leading companies in the automotive and battery sectors [1][3] - Copper is currently the most widely used conductive material, essential for the electrification of vehicles, with an average of 60 kilograms of copper used in each electric vehicle, significantly more than traditional fuel vehicles [1][4] Group 2 - Aluminum has about two-thirds the conductivity of annealed copper, but its lower melting point and softness can lead to issues such as increased electrical resistance and potential electrical accidents [2][3] - TE Connectivity announced a new generation of low-voltage aluminum core conductors that reportedly solve the issue of electrochemical corrosion between aluminum and copper, enhancing aluminum's creep resistance to near that of pure copper [2][3] - The collaboration between Bowei Alloy and TE Connectivity faced challenges, particularly with the mechanical strength and thermal stability of different aluminum alloys, leading to a focus on developing aluminum alloys that can withstand high temperatures [3][4] Group 3 - The automotive industry is facing a "copper shortage" crisis, with 80% of copper concentrate in China being imported, and the demand for copper continuing to rise due to advancements in artificial intelligence and electrification [4] - The transition to aluminum replacing copper is seen as beneficial for alleviating resource pressures and reducing carbon emissions, as the carbon emissions from primary copper smelting are three times higher than those from aluminum [4]

| 证券代码：601137 | 证券简称：博威合金 | 公告编号：临 2025-087 | | --- | --- | --- | | 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"博23转债"预计满足赎回条件的提示性公告 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： 自2025年8月11日至2025年8月22日10个交易日中，宁波博威合金材料股份有限公 司（以下简称"公司"）股票已有10个交易日收盘价不低于"博23转债"当期转股价格14.68 元/股的130%（19.08元/股）。若在未来20个交易日内有5个交易日公司股票收盘价不低于 "博23转债"当期转股价格14.68元/股的130%（19.08元/股），将触发"博23转债"的赎回条 款，届时根据公司《向不特定对象发行可转换公司债券募集说明书》（以下简称《募集 说明书》）有条件赎回条款的相关约定，公司董事会有权决定按照债券面值加当期应计 利息的价格赎回全部或部分未转股的可转债。 一、可转债发行上市概况 经中 ...

Core Viewpoint - Ningbo Bowei Alloy Materials Co., Ltd. announced that the "Bo 23 Convertible Bonds" may meet the redemption conditions [1] Group 1 - The company issued 1.7 billion yuan "Bo 23 Convertible Bonds" with a five-year term, which will be listed for trading on January 18, 2024 [1] - The "Bo 23 Convertible Bonds" can be converted into shares starting from June 28, 2024, with the latest conversion price set at 14.68 yuan per share [1] - As of August 11 to 22, 2025, the company's stock has closed at or above 130% of the conversion price (19.08 yuan per share) for 10 trading days, which may trigger the redemption clause if 5 out of the next 20 trading days meet this condition [1]

博威合金8月21日披露，截至8月20日公司股东户数为44059户，较上期（8月10日）减少2618户，环比降 幅为5.61%。 证券时报·数据宝统计，截至发稿，博威合金收盘价为26.95元，下跌1.64%，本期筹码集中以来股价累 计上涨43.43%。具体到各交易日，7次上涨，2次下跌，其中，涨停2次。 公司发布的半年报数据显示，上半年公司共实现营业收入102.21亿元，同比增长15.21%，实现净利润 6.76亿元，同比增长6.05%，基本每股收益为0.8300元，加权平均净资产收益率7.81%。 机构评级来看，近一个月该股获3家机构买入评级。预计目标价最高的是华泰证券，8月19日华泰证券发 布的研报给予公司目标价34.13元。（数据宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） ...

Core Viewpoint - The company Bowei Alloy (601137.SH) reported a revenue of 10.221 billion yuan for the first half of 2025, marking a year-on-year increase of 15.21%, and a net profit of 676 million yuan, up 6.05% year-on-year. The growth is attributed to increased sales volume, particularly in the new materials sector, which saw a sales volume of 125,600 tons, an 11% increase compared to the same period in 2024 [1][2]. Group 1: Financial Performance - In the first half of 2025, Bowei Alloy achieved total revenue of 10.221 billion yuan, representing a 15.21% increase year-on-year [1]. - The net profit attributable to shareholders reached 676 million yuan, reflecting a 6.05% year-on-year growth [1]. - The sales volume of new materials reached 125,600 tons, contributing significantly to the company's revenue growth [1]. Group 2: Product Development and Market Potential - Bowei Alloy, in collaboration with Tyco Electronics, has made significant advancements in developing "aluminum substitute copper" composite materials for automotive low-voltage wiring harnesses, potentially opening a market space of approximately 36 to 48 billion yuan [2][4]. - The new composite material is expected to be ready for vehicle integration by the end of 2026, with mechanical properties comparable to copper wire under high temperatures [2][4]. - The automotive industry faces a "copper shortage" due to increasing demand, particularly as electric vehicles and AI technologies expand, making the development of aluminum alternatives critical [3][4]. Group 3: Technical Challenges and Innovations - The main technical challenges for "aluminum substitute copper" include addressing aluminum's creep and electrochemical corrosion issues, which have hindered its large-scale application in the automotive sector for over 20 years [4][5]. - Tyco Electronics has announced a new generation of low-voltage aluminum core conductors that reportedly overcome the electrochemical corrosion problem, which is crucial for the material's viability [4][5]. - Bowei Alloy's expertise in copper alloys is seen as a valuable asset in innovating aluminum alloys, with confidence in transferring knowledge from copper to aluminum development [5].