证券代码：601208 证券简称：东材科技 公告编号：2025-099 四川东材科技集团股份有限公司 关于召开2025年第一次临时股东大会的通知 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： 股东大会召开日期：2025年11月10日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、 召开会议的基本情况 (一) 股东大会类型和届次 2025年第一次临时股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相 结合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 11 月 10 日14 点 00 分 网络投票起止时间：自2025 年 11 月 10 日至2025 年 11 月 10 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间为股东大会召开当日的 9:1 ...

证券代码：601208 证券简称：东材科技 公告编号：2025-094 监事会认为：公司 2025 年第三季度报告的编制和审议程序符合法律法规、 《公司章程》的规定；该报告的内容、格式符合中国证监会有关规定和上交所《关 于做好主板上市公司 2025 年第三季度报告披露工作的通知》的相关规定，报告 所包含的信息从各个方面真实、完整地反映了公司 2025 年第三季度的经营成果 和财务状况。在提出审核意见前，没有发现参与 2025 年第三季度报告编制和审 议人员有违反保密规定的行为。 二、审议通过了《关于公司 2025 年前三季度利润分配的预案》 表决结果为：3 票同意，0 票反对，0 票弃权。 详见上交所网站 www.sse.com.cn《公司 2025 年前三季度利润分配预案的公 告》。 四川东材科技集团股份有限公司 第六届监事会第十五次会议决议公告 本公司及监事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 四川东材科技集团股份有限公司（以下简称"公司"或"本公司"）第六届 监事会第十五次会议通知于 2025 年 10 月 12 日以专人送达、 ...

证券代码：601208 证券简称：东材科技 公告编号：2025-093 四川东材科技集团股份有限公司 第六届董事会第二十一次会议决议公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 四川东材科技集团股份有限公司（以下简称"公司"或"本公司"）第六届 董事会第二十一次会议通知于 2025 年 10 月 12 日以专人送达、通讯方式发出， 会议于 2025 年 10 月 22 日在公司会议室以现场与通讯相结合的方式召开。本次 会议应到董事 7 名，实到董事 7 名，会议由董事长唐安斌先生主持，公司全体监 事、高级管理人员列席了会议。本次会议的召集和召开符合《公司法》和《公司 章程》的有关规定。经与会董事认真审议并表决，通过了以下议案： 一、审议通过了《关于公司 2025 年第三季度报告的议案》 本议案在提交董事会审议前已经董事会审计委员会事先审议通过。 表决结果为：7 票同意，0 票反对，0 票弃权。 详见上交所网站 www.sse.com.cn《公司 2025 年第三季度报告》。 五、审议通过了《关于终止募投项目部分产线并将剩余募 ...

证券代码：601208 证券简称：东材科技 公告编号：2025-095 四川东材科技集团股份有限公司 2025 年前三季度利润分配预案的公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 如在本公告披露之日起至实施权益分派股权登记日期间，公司总股本或回购 专用账户中的股份数量发生变动，拟保持每股派现金额不变，相应的调整派现总 金额，并另行公告具体调整情况。 该预案尚需提交公司 2025 年第一次临时股东大会审议批准。 二、本次利润分配预案的决策程序 重要内容提示： 每股分配比例：每 10 股派发现金红利 1.00 元（含税）。 本次利润分配以实施权益分派股权登记日登记的总股本扣除公司回购专 用账户的股份数量为基数，具体日期将在权益分派实施公告中明确。 本次利润分配预案已经公司第六届董事会第二十一次会议和第六届监事 会第十五次会议审议通过，尚需提交公司 2025 年第一次临时股东大会审议。 一、利润分配预案的内容 根据公司 2025 年前三季度财务报表(未经审计)，公司 2025 年前三季度实现 归属于母公司股东的净利润为人民币 2 ...

公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 四川东材科技集团股份有限公司2025 年第三季度报告 证券代码：601208 证券简称：东材科技 四川东材科技集团股份有限公司 2025 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 1 / 11 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 1,371,665,912.92 ...

Investment Rating - The report maintains a "B" rating for the new materials sector, indicating a leading position in the market [2]. Core Insights - The new materials sector experienced a decline, with the new materials index falling by 5.20%, outperforming the ChiNext index by 0.52% [2]. - The rapid penetration of generative artificial intelligence (AI) is highlighted, with a user base exceeding 510 million, suggesting significant investment opportunities in AI-related new materials [4]. - The report emphasizes the increasing demand for high-frequency and high-speed copper-clad laminates, driven by the growth in AI server requirements [5]. Summary by Sections 1. Market Performance - The new materials sector saw a decline, with key indices such as the synthetic biology index down by 3.08%, semiconductor materials down by 10.20%, and battery chemicals down by 11.53% over the past five trading days [2][16]. - The overall market performance for the week showed a drop in both basic chemicals and new materials, with the CSI 300 index down by 2.22% and the Shanghai Composite index down by 1.47% [12]. 2. Price Tracking - Amino acids showed varied price changes, with valine at 12,400 RMB/ton (-1.20%) and arginine at 21,950 RMB/ton (-2.01%) [3]. - Prices for biodegradable plastics remained stable for some products, while others like PLA (REVODE 201) saw a slight decrease to 17,000 RMB/ton (-1.16%) [3]. 3. Investment Recommendations - The report suggests focusing on companies like Shengquan Group, Dongcai Technology, and Zhongcai Technology, which are positioned to benefit from the rising demand for core raw materials in high-frequency and high-speed applications [5]. - The rapid growth in AI technology is expected to drive a tenfold increase in computing power demand by 2035, creating further opportunities in the new materials sector [4].

Core Insights - The article highlights the top-performing stocks in the S&P China A-Share Dividend Opportunity Index, showcasing significant price increases and dividend yields for various companies [1]. Group 1: Stock Performance - The top stock, Youfa Group (601686.SH), experienced a price increase of 10.03% and a year-to-date increase of 31.48%, with a dividend yield of 4.24% [1]. - Luorih Shares (002083.SZ) also saw a 10.00% increase, with a year-to-date performance of 29.75% and a dividend yield of 2.33% [1]. - Other notable performers include Su Yan Jingshen (603299.SH) with a 5.07% increase and a year-to-date performance of 5.26%, and COSCO Shipping Energy (600026.SH) with a 3.96% increase and a year-to-date performance of 10.89% [1]. Group 2: Dividend Yields - Yancoal Energy (600188.SH) offers a high dividend yield of 6.13% alongside a year-to-date increase of 15.60% [1]. - China Petroleum (601857.SH) has a dividend yield of 5.45% with a modest year-to-date increase of 1.78% [1]. - Agricultural Bank of China (601288.SH) stands out with a year-to-date increase of 51.65% and a dividend yield of 3.12% [1].

Core Viewpoint - High-speed resin, a core material for printed circuit boards (PCBs), is experiencing significant growth and opportunities for import substitution in the market [1][3]. Company Performance - In the first half of this year, the revenue from high-speed resin business of Dongcai Technology increased by approximately 123% year-on-year to nearly 250 million yuan, contributing to an overall gross margin increase of about 8 percentage points to 19.96% in the electronic materials segment [1]. - The company has seen substantial growth in its electronic materials business, with revenues projected to reach 1.07 billion yuan in 2024, up from 780 million yuan in 2022 and 820 million yuan in 2023 [7]. Product Development - Dongcai Technology has developed high-end M9-level hydrocarbon resin with a dielectric loss (Df) reduced to approximately 0.0005, which has passed rigorous testing and is now in mass production [1]. - The company is also advancing its M10-level hydrocarbon resin, achieving a Df of about 0.00035, with samples sent to end customers for testing [5]. Market Outlook - The global market for high-speed resin used in servers is estimated to reach approximately 2 billion yuan in 2025 and is expected to grow rapidly to between 5 billion and 8 billion yuan by 2026, indicating a significant acceleration in industry demand [3]. - The M9-level hydrocarbon resin is anticipated to reach an annual demand of around 1,000 tons once the market matures, while the M10-level product is expected to have considerable growth potential [6]. Diversification and Strategic Positioning - Dongcai Technology has diversified its product offerings beyond electrical insulation materials to include new energy materials, optical film materials, and electronic materials, with each segment contributing approximately 9.1%, 27.3%, 26.2%, and 28.3% to total revenue, respectively [8]. - The company has positioned itself as a leading domestic manufacturer of optical base films, with revenue from optical film materials increasing by 25.1% year-on-year to 640 million yuan in the first half of this year [9]. R&D and Strategic Initiatives - The company emphasizes forward-looking strategic planning and strong R&D investment as key factors for its success in navigating market challenges and filling domestic market gaps in critical materials [12].

Investment Rating - The report maintains an "Optimistic" rating for the chemical industry [3][4]. Core Insights - The report highlights a recovery opportunity at the bottom of the chemical cycle, particularly in the titanium dioxide sector, with major companies expanding globally and focusing on asset acquisitions [3][4]. - Global oil supply is expected to increase significantly, driven by non-OPEC production, while demand remains stable with a projected global GDP growth of 2.8% [4][5]. - The report emphasizes the importance of various chemical chains, including textiles, agriculture, and exports, as well as the potential for recovery in profitability for titanium dioxide due to easing trade tensions and improved overseas real estate conditions [3][4]. Summary by Sections Industry Dynamics - Oil supply is anticipated to rise, with OPEC+ expected to increase production, while demand is stable but may slow due to tariffs [4]. - Coal prices are expected to stabilize at a low level, and natural gas exports from the U.S. are likely to increase, reducing import costs [4]. Chemical Product Prices and Trends - The report notes that the PPI for all industrial products fell by 2.3% year-on-year in September, indicating a narrowing decline compared to August [5]. - Manufacturing PMI rose to 49.8%, suggesting a continued recovery in manufacturing activity [5]. Investment Analysis - The report suggests focusing on four key areas for investment: textiles, agriculture, export-related chemicals, and sectors benefiting from reduced competition [3]. - Specific companies to watch include Lu Xi Chemical, Tongkun Co., and Huafeng Chemical in the textile chain, and various firms in the agricultural sector such as Hualu Hengsheng and Baofeng Energy [3][4]. Key Company Valuations - The report provides a valuation table for key companies, indicating their market capitalization and projected earnings for the coming years [14].

Investment Rating - The report maintains an "Optimistic" rating for the chemical industry [3][4]. Core Insights - The report highlights the global expansion of major titanium dioxide manufacturers, emphasizing the opportunity for industry recovery from the bottom of the cycle. The acquisition of Venator UK's titanium dioxide assets and the establishment of subsidiaries in Malaysia and the UK are key developments [4][5]. - The macroeconomic outlook for the chemical sector indicates stable oil demand despite a slight slowdown due to tariffs, with global GDP growth projected at 2.8%. The report also notes that coal prices are stabilizing and natural gas export facilities in the U.S. are expected to accelerate [4][5]. - The report suggests investment strategies across various sectors, including textiles, agriculture, and chemicals, with a focus on companies benefiting from the "anti-involution" policies [4][5]. Summary by Sections Industry Dynamics - The report discusses the current macroeconomic conditions affecting the chemical industry, including oil supply and demand dynamics, with a forecast of increased production from non-OPEC sources and stable global oil demand [5][6]. - It notes that the PPI for industrial products decreased by 2.3% year-on-year in September, indicating a stabilization in prices due to improved supply-demand structures [6]. Investment Analysis - The report recommends a diversified investment approach focusing on sectors such as textiles, agriculture, and export-oriented chemicals, highlighting specific companies for potential investment [4][18]. - Key materials for growth are identified, including semiconductor materials and packaging materials, with specific companies mentioned for each category [4][18]. Price Movements - The report provides detailed price movements for various chemical products, including titanium dioxide, fertilizers, and pesticides, indicating a mixed outlook with some prices stabilizing while others show slight declines [11][14][20]. - It highlights the impact of external factors such as raw material costs and international trade dynamics on pricing trends within the chemical sector [11][14].