Investment Rating - The report maintains an "Overweight" rating for the construction materials sector [1] Core Viewpoints - The construction materials sector is experiencing fluctuations at the bottom of the PMI index, with expectations for a gradual recovery in demand driven by government policies and market dynamics [4][16] - The report emphasizes the potential for recovery in the home decoration materials segment, particularly with the implementation of "old-for-new" subsidies and service consumption stimulus policies [4][16] Summary by Sections 1. Sector Overview - The construction materials sector has shown a slight increase of 0.18% in the past week, outperforming the Shanghai Composite Index and the Wind All A Index, which decreased by -1.08% and -0.02% respectively [4] - The report highlights that the cement market price is currently at 367.8 RMB/ton, down by 3.0 RMB/ton from the previous week and down by 6.3 RMB/ton compared to the same period last year [20][21] 2. Cement Market - The average cement inventory ratio is reported at 65.7%, an increase of 0.4 percentage points from the previous week, but down by 2.5 percentage points year-on-year [25] - The average daily cement shipment rate is 47.8%, up by 1.4 percentage points from the previous week but down by 5.3 percentage points compared to last year [25] - The report notes that the cement price is expected to stabilize or slightly rebound in the coming months due to supply-side adjustments and demand recovery [12][19] 3. Glass Fiber Market - The report indicates that the profitability of the glass fiber sector remains low, with many second and third-tier companies operating at breakeven or loss [13] - The demand for high-end products in wind power and thermoplastics is expected to continue growing, which may support profitability for leading companies [13] - The report recommends companies like China Jushi and suggests monitoring others such as Zhongcai Technology and Shandong Fiberglass [13] 4. Glass Market - The glass sector is facing weak terminal demand, with inventory levels remaining high and price pressures expected to increase as the market enters a seasonal downturn [14][15] - The report recommends Qibin Group as a leading player in the glass market, with a focus on its cost advantages and growth potential in photovoltaic glass [14] 5. Home Decoration Materials - The report highlights the positive impact of government policies aimed at boosting domestic demand and stabilizing the real estate market, which is expected to enhance the demand for home decoration materials [16] - Companies such as Beixin Building Materials and Arrow Home are recommended for their strong growth potential and market positioning [16]

Core Viewpoint - The legal opinion issued by Dacheng Law Firm confirms the legality of the procedures and results of the Zhuzhou Qibin Group Co., Ltd. 2025 Second Extraordinary General Meeting of Shareholders, ensuring compliance with relevant laws and regulations [1][4][8]. Group 1: Meeting Procedures - The meeting was proposed and convened by the board of directors, with the notice published on May 15 and 16, 2025 [3][4]. - The meeting utilized a combination of on-site and online voting, held at the company's headquarters on May 30, 2025 [3][4]. Group 2: Attendance and Voting - A total of 525 participants attended the meeting, representing 1,289,527,285 shares, approximately 48.1% of the total voting shares [4][5]. - Online voting included 517 shareholders, representing 164,784,184 shares, about 6.1% of the total voting shares [5][6]. Group 3: Proposals and Voting Results - The meeting included three proposals for voting, all of which were consistent with the notice provided [6][7]. - The voting results indicated significant support for the proposals, with specific numbers for each proposal detailed in the legal opinion [7][8]. Group 4: Legal Conclusion - The legal opinion concludes that the meeting's convening, attendance, voting procedures, and results are all valid and comply with applicable laws and regulations [8].

Group 1 - The company completed the board of directors' re-election and appointed senior management and securities representatives on May 30, 2025 [1] - The sixth board of directors consists of several members, including Mr. Ling Genlue as the president and Mr. Guan Ming as the chairman [1][2] - The strategic and sustainable development committee has 8 members, with Mr. Guan Ming as the chairman [2] Group 2 - The audit and risk committee has 5 members, with Ms. Xia Yanzhen as the chairperson [2] - The governance and human resources committee also has 5 members, with Mr. Xu Wuyi as the chairperson [2] - The financial and budget committee consists of 3 members, with Mr. Wu Guidong as the chairperson [2] Group 3 - Mr. Ling Genlue, the president, has a background in various leadership roles within the glass industry [3][4] - Mr. Li Xiangyang, the vice president, has extensive experience in managing different subsidiaries of the company [4] - Mr. Liu Bin, another vice president, has held significant sales positions in major companies before joining [4] - Mr. Du Hai, the financial director, is a certified management accountant with a strong financial background [5] - Mr. Deng Lingyun, the board secretary, has a diverse experience in finance and management within the company [5]

证券代码：601636 证券简称：旗滨集团 公告编号：2025-058 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 第六届董事会第一次会议决议公告 会议认真讨论和审议了本次会议议程事项，对有关议案进行了书面记名投票 表决，经全体董事审议和表决，会议通过了以下决议： （一）审议并通过了《关于推选公司第六届董事会董事长的议案》； 表决结果：9 票同意、0 票反对、0 票弃权，通过。 根据工作需要，经全体董事提议，同意推选张柏忠先生继续担任公司第六届 董事会董事长，任期三年（从本次董事会通过之日起至 2028 年 5 月 29 日董事会 届满止）。董事长为公司法定代表人。 （二）审议并通过了《关于选举公司第六届董事会各专门委员会委员的议 案》； 表决结果：9 票同意、0 票反对、0 票弃权，通过。 同意第六届董事会下设战略及可持续发展委员会、审计及风险委员会、治理 及人力委员会、财务及预算委员会等四个专业委员会，并同意选举四个专门委员 会委员和推选主任委员如下： 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 ...

Core Viewpoint - The independent directors of Zhuzhou Qibin Group Co., Ltd. have reviewed and provided independent opinions on the proposals regarding the election of the chairman, appointment of the president, vice president, financial director, and secretary of the board, confirming that all candidates meet the necessary qualifications and legal requirements [1][2][3][4][5]. Group 1: Election of Chairman - The independent directors agree to the election of Mr. Zhang Baizhong as the chairman of the sixth board of directors, confirming his qualifications and ability to fulfill the responsibilities of the role [1]. Group 2: Appointment of President - The independent directors support the appointment of the president, affirming that the candidate meets the qualifications and has the necessary capabilities and health to perform the duties required [2]. Group 3: Appointment of Vice President - The independent directors endorse the appointment of the vice president, stating that the candidate possesses the required qualifications and is fit for the responsibilities of the position [3]. Group 4: Appointment of Financial Director - The independent directors approve the appointment of the financial director, confirming that the candidate meets all legal and regulatory requirements and is capable of fulfilling the role [4]. Group 5: Appointment of Secretary of the Board - The independent directors agree to the appointment of the secretary of the board, noting that the candidate has the necessary qualifications and training to perform the duties effectively [5].

证券代码：601636 证券简称：旗滨集团 公告编号：2025-059 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 关于董事会换届完成并聘任高级管理人员及证券事 务代表的公告 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。 株洲旗滨集团股份有限公司（以下简称"公司"）于 2025 年 5 月 30 日召开 2025 年第二次临时股东会，会议选举产生了公司第六届董事会董事，完成了董 事会的换届选举。在完成董事会换届选举后，公司已于同日召开第六届董事会第 一次会议，会议审议通过了关于《关于推选公司第六届董事会董事长的议案》《关 于选举公司第六届董事会各专门委员会委员的议案》《关于聘任公司总裁的议案》 《关于聘任公司副总裁的议案》《关于聘任公司财务总监的议案》《关于聘任公司 董事会秘书的议案》《关于聘任公司证券事务代表的议案》。现将公司董事会换届 选举及聘任高级管理人员、证券事务代表的具体情况公告如下： 一、 公司第六届董事会组成情况 第六届董事会战略及可持续发展委员会成员 8 人，分别为官明先生、张柏 ...

株洲旗滨集团股份有限公司 2025年第二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 证券代码：601636 证券简称：旗滨集团 公告编号：2025-057 可转债代码：113047 可转债简称：旗滨转债 一、 会议召开和出席情况 (一) 股东会召开的时间：2025 年 5 月 30 日 (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 | 525 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,289,527,285 | | 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 | | | 份总数的比例（%） | 48.0536 | (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。 本次股东会的召集人是公司董事会，公 ...

第六届董事会第一次会议决议公告 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 株洲旗滨集团股份有限公司（以下简称"公司"）第六届董事会第一次会议 于 2025 年 5 月 30 日（星期五）下午 16:00 点在公司会议室以现场结合通讯的方 式召开。公司已于 2025 年 5 月 30 日召开 2025 年第二次临时股东会，完成了董 事会换届选举，公司第六届董事会成立（任期三年，自股东会通过之日起至 2028 年 5 月 29 日止）。为确保本届董事会尽快投入工作，经全体董事一致同意，决 定于 2025 年 5 月 30 日股东会结束后立即召开本次董事会会议。第六届董事会共 有董事 9 名,本次会议实际参加会议表决的董事 9 名。本次会议通知豁免时间要 求，并以电话、口头等方式向全体董事送达。经与会董事推举，本次会议由董事 张柏忠先生召集和主持。公司全体高级管理人员列席会议，符合《公司法》和《公 司章程》的有关规定。 二、董事会会议审议情况 会议认真讨论和审议了本次会议议程事项，对有关议案进行了书面记 ...

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 年第二次临时股东会的 法律意见书 guangzhou.dachenglaw.com 广州市天河区珠江新城珠江东路 6 号广州周大福金融中心 14 层、15 层（510623） 14/F,15/F CTF Finance Centre No 6 Zhujiang East Road Tianhe District 510623, Guangzhou, China Tel:+8620-85277000 Fax:+8620-85277002 北京大成（广州）律师事务所 广州市天河区珠江新城珠江东路 6 号 广州周大福金融中心 14-15 层 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 年第二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 ...

株洲旗滨集团股份有限公司独立董事 关于公司第六届董事会第一次会议相关事项的独立意见 根据中国证监会《上市公司独立董事管理办法》《上海证券交易所股票上市 规则》《株洲旗滨集团股份有限公司章程》及《独立董事工作制度》，我们作为株 洲旗滨集团股份有限公司（以下简称"公司"）的独立董事，本着认真、负责的 态度，审阅了公司的相关文件，基于独立判断的立场，对公司第六届董事会第一 次会议相关事项进行了审核，发表有关独立意见如下： 一、 关于推选公司第六届董事会董事长的独立董事意见 在认真查阅了公司提供的相关资料，经充分讨论，现就《关于推选公司第六 届董事会董事长的议案》进行了审议，发表独立意见如下： 1. 本次推选张柏忠先生为公司第六届董事会董事长的议案，推选程序合法， 符合相关规定。 2. 经审阅张柏忠先生个人履历，未发现其存在《公司法》等法律法规和中 国证监会、上海证券交易所以及《公司章程》规定的不得担任董事、高级管理人 员的情形。张柏忠先生董事长候选人任职资格合法。 3. 经审阅相关资料，张柏忠先生的工作经历、实践经验、个人综合能力和 身体状况能够胜任公司董事长的职责要求。 同意推选张柏忠先生为公司第六届董事会董事长 ...