Group 1: Industry Overview - The construction materials industry has seen a significant increase in attention since July 1, driven by unexpected changes on the supply side and a focus on demand upgrades for the end of 2024 [1][2] - The cement industry is experiencing a "de-involution" policy expectation, with a focus on limiting overproduction and improving regulatory oversight [2][10] - The demand side is shifting, with AI-related demand expected to accelerate, positively impacting various segments of the industry [3][27] Group 2: Consumer Building Materials - The consumer building materials sector is witnessing a rare price increase in the waterproofing industry, indicating a potential recovery in profitability [4][5] - Companies like Sanke Tree and Dongfang Yuhong are showing improved profitability through cost reduction and price increases, validating earlier industry reports [4][5] - The outlook for 2025 suggests that profitability recovery will outpace revenue growth, with expectations of reduced price competition and improved cost management [4][5] Group 3: Cement Industry - The cement industry is expected to see a recovery in profitability as supply-side adjustments take effect, with a focus on limiting production and improving cash flow [10][12] - Major companies like Conch Cement and Huaxin Cement are expected to maintain strong cash flow and dividend policies, indicating long-term investment value [11][16][17] - The industry's overall profitability is anticipated to improve as demand stabilizes and production constraints are implemented [12][15] Group 4: Glass Industry - The float glass market is experiencing price fluctuations due to supply-demand imbalances, with expectations of cash losses for many companies [19][20] - Companies like Xinyi Glass and Qibin Group are facing challenges but are expected to maintain stable profitability in their automotive glass segments [21][22] - The photovoltaic glass sector is entering a cash loss phase, prompting accelerated cold repairs and production adjustments [25][26] Group 5: Fiber Industry - The fiberglass sector is seeing stable demand for mainstream electronic yarns, with a focus on high-end products like low-dielectric cloth [27][28] - Companies like China Jushi are expanding production capacity overseas to mitigate trade risks and maintain growth [29][30] - The carbon fiber market is showing signs of recovery in wind power demand, with expectations of improved profitability in Q2 [32]

Core Viewpoint - The legal opinion issued by Dacheng Law Firm confirms the legality of the procedures and outcomes of the Zhuzhou Qibin Group Co., Ltd. 2025 Third Extraordinary General Meeting of Shareholders [1][2][4][6]. Group 1: Meeting Procedures - The meeting was proposed and convened by the board of directors, with the notice and materials published on June 19 and June 20, 2025 [3]. - The meeting utilized a combination of on-site and online voting, held at the company's headquarters on July 4, 2025 [3][4]. Group 2: Attendance and Voting - A total of 953 participants attended the meeting, representing 1,222,813,140 shares, which is approximately 45.57% of the total voting shares [4][5]. - The meeting included 7 on-site attendees representing 1,120,993,101 shares, accounting for about 41.77% of the voting shares [4][5]. Group 3: Proposals and Voting Results - The meeting reviewed two proposals, with voting conducted through both on-site and online methods [6][7]. - The first proposal regarding the adjustment of the "Qibin Convertible Bond" price received 87,109,435 votes in favor, while the second proposal concerning the remuneration of the board of directors and senior management was also approved [7][8]. Group 4: Legal Conclusion - The legal opinion concludes that the meeting's convening and voting procedures complied with relevant laws and regulations, and the resolutions made are valid [8].

| 证券代码：601636 | 证券简称：旗滨集团 | 公告编号：2025-076 | | --- | --- | --- | | 可转债代码：113047 | 可转债简称：旗滨转债 | | 株洲旗滨集团股份有限公司 关于向下修正"旗滨转债"转股价格暨转股停复牌的公告 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： 因"旗滨转债"按照向下修正条款修正转股价格,本公司的相关证券停复牌情况如 下： 一、可转换公司债券基本情况 （一）可转换公司债券发行上市情况 1、可转换公司债券发行情况。经中国证券监督管理委员会《关于核准株洲旗 滨集团股份有限公司公开发行可转换公司债券的批复》（证监许可【2021】409 号） 核准，公司于 2021 年 4 月 9 日发行了 1,500 万张可转换公司债券，每张面值 100 元，发行总额 150,000 万元，期限 6 年。 2、可转换公司债券上市情况。经上海证券交易所《关于株洲旗滨集团股份有 限公司可转换公司债券上市交易的通知》（上海证券交易所自律监管决定书【2021】 182 ...

guangzhou.dachenglaw.com 北京大成（广州）律师事务所 关于株洲旗滨集团股份有限公司 2025 年第三次临时股东会的 法律意见书 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意见书出具日 以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信 用原则，进行了充分的核查验证，保证本法律意见所认定的事实真实、准确、完 整，所发表的结论性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗 漏，并承担相应法律责任。 2025 年第三次临时股东会的法律意见书 致：株洲旗滨集团股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共 和国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司 股东会规则》（以下简称"《股东会规则》"）等法律、法规和其他有关规范性文 件的要求，北京大成（广州）律师事务所（以下简称"本所"）接受株洲旗滨集团 股份有限公司（以下简称"公司"）的委托，指派律师参加公司 2025 年第三次临 时股东会（以下简称"本次股东会"）。 本所声明 ...

证券代码：601636 证券简称：旗滨集团 公告编号：2025-074 可转债代码：113047 可转债简称：旗滨转债 株洲旗滨集团股份有限公司 (二) 股东会召开的地点：公司办公总部会议室（深圳市南山区桃源街道 龙珠四路 2 号方大城 T1 栋 31 楼） (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情 况： | 1、出席会议的股东和代理人人数 | 953 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,222,813,140 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 45.5666 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，股东会主持 情况等。 2025年第三次临时股东会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东会召开的时间：2025 年 7 月 4 日 本次股东会的召集人是公司董事会，公司 ...

证券代码：601636 证券简称：旗滨集团 公告编号：2025-075 可转债代码：113047 可转债简称：旗滨转债 株洲旗滨集团股份有限公司 第六届董事会第三次会议决议公告 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。 表决结果：9 票同意、0 票反对、0 票弃权，通过。 2025 年 5 月 27 日至 2025 年 6 月 18 日，在连续 16 个交易日中，公司股票 已有 15 个交易日的收盘价低于当期转股价格的 85%（即 5.24 元/股），已触发 "旗滨转债"的转股价格向下修正条件。根据《上海证券交易所上市公司自律监 管指引第 12 号——可转换公司债券》《株洲旗滨集团股份有限公司公开发行可 转换公司债券募集说明书》的相关条款及公司 2025 年第三次临时股东会授权， 结合公司实际情况，同意将"旗滨转债"转股价格由 6.12 元/股向下修正为 5.43 元/股。 本次修正后的"旗滨转债"转股价格自 2025 年 7 月 8 日起生效。"旗滨转 债"于 2025 年 7 月 7 日停止转股，2025 年 7 月 ...

Core Viewpoint - Tianjin Qibin Energy-saving Glass Co., Ltd., a subsidiary of Qibin Group, has been penalized for failing to implement reliable safety measures for storing hazardous materials, resulting in a fine of 45,000 RMB [1][2][3]. Group 1: Company Overview - Qibin Group was established in 2011 and is listed on the Shanghai Stock Exchange, specializing in float glass, energy-saving engineering glass, low-iron ultra-white glass, photovoltaic glass, and electronic glass [5]. - The group has total assets exceeding 12 billion RMB and employs over 7,300 people, with a daily melting capacity of 18,470 tons [5]. - Qibin Energy-saving Glass is a wholly-owned subsidiary of Qibin Group, with a total project investment of approximately 650 million RMB [5]. Group 2: Regulatory Actions - The Tianjin Emergency Management Bureau issued an administrative penalty decision on July 1, 2025, citing violations of the Production Safety Law of the People's Republic of China [2][3]. - The company has committed to enhancing emergency management and environmental compliance as part of its social responsibility initiatives [3]. Group 3: Financial Impact - As of July 4, 2025, Qibin Group's stock price was reported at 5.40 RMB, reflecting a decline of 1.64% [7].

Group 1 - The Low-E glass concept increased by 2.38%, ranking 8th among concept sectors, with seven stocks rising, including Yamaton and Yaopi Glass hitting the daily limit [1] - Notable gainers in the Low-E glass sector include Wanshun New Materials, which rose by 7.18%, and Xinsai Co., which increased by 1.37% [1] - The sector experienced a net outflow of 0.25 billion yuan in main funds, with Wanshun New Materials receiving the highest net inflow of 46.49 million yuan [2][3] Group 2 - The main fund inflow ratios for leading stocks in the Low-E glass sector are as follows: Yamaton at 52.06%, Hainan Development at 10.65%, and Wanshun New Materials at 6.50% [3] - The trading performance of key stocks includes: Wanshun New Materials up by 7.18% with a turnover rate of 16.63%, Yamaton up by 10.02% with a turnover rate of 1.29%, and Hainan Development up by 0.21% with a turnover rate of 2.82% [3][4] - Decliners in the sector include Nanbo A, which fell by 0.83%, and Sanxia New Materials, which decreased by 0.30% [1][4]

证券代码：601636 证券简称：旗滨集团 公告编号：2025-073 可转债代码：113047 可转债简称：旗滨转债 株洲旗滨集团股份有限公司 关于可转换公司债券转股结果暨股份变动的公告 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： 转股情况：截至 2025 年 6 月 30 日，累计已有 1,906,000.00 元"旗滨转 债"转为本公司 A 股股票，累计转股股数为 181,529 股，累计转股股数占"旗滨 转债"转股前公司已发行股份总额 2,686,216,940 股的 0.006758%；占 2025 年 6 月 30 日公司股份总额 2,683,574,877 股的 0.006764%。 未转股情况：截至 2025 年 6 月 30 日，尚未转股的"旗滨转债"金额为人 民币 1,498,090,000.00 元，占"旗滨转债"发行总额的比例为 99.872667%。 一、旗滨转债的发行上市概况 （一）可转换债券发行情况 经中国证券监督管理委员会《关于核准株洲旗滨集团股份有限公司公开发行 可转换公司 ...

Core Viewpoint - The collective production cut of 30% by the top ten domestic photovoltaic glass manufacturers is expected to help stabilize and recover glass prices, which have been under pressure due to oversupply and declining demand [1][3]. Industry Summary - On June 29, the decision for a 30% production cut was announced to address market supply-demand imbalances [3]. - Starting in July, major photovoltaic glass companies plan to implement this production cut, with expectations of a rapid decline in domestic supply, improving the supply-demand situation [3]. - The production cut is seen as a necessary measure to digest inventory and adjust production according to sales [7]. - In June, the domestic photovoltaic glass production capacity increased, but demand weakened, leading to a mismatch in supply and demand [8]. - As of June 30, the price of 3.2mm coated photovoltaic glass was 18.5 yuan/m², down 5.13% from the previous week, indicating significant price pressure [9]. Company Responses - Fuyao Glass reported that its glass furnaces are operating normally and have not ceased production [4]. - Qibin Group stated that it has not received any notifications regarding furnace shutdowns and is currently operating normally [5]. - Anhuai High-Tech mentioned that it has not issued any formal production cut notices and is currently operating at full capacity, although it anticipates a contraction in market demand in the second half of the year [6]. - Yamaton confirmed the validity of the production cut news, stating that it will facilitate sustainable development in the industry [6]. - Sanxia New Materials plans to halt production for maintenance on one of its glass production lines [7].