证券代码：603381 证券简称：永臻股份 公告编号：2026-016 永臻科技股份有限公司 第二届董事会第十三次会议决议公告 （一）审议通过《关于对外投资的议案》 为落实公司整体战略规划，充分发挥扁挤压技术产业化优势，延伸高端铝合 金材料产业链，公司拟在江苏省常州市现有厂区内，实施"年产7万吨超宽幅薄 壁扁挤压铝型材及其深加工产品技改项目"。 本项目总投资为人民币48,000.00万元，其中建设投资45,139.60万元；建设期 利息1,152.00万元；铺底流动资金1,708.40万元。资金来源为公司自有或自筹资金。 表决结果：9票赞成；0票反对；0票弃权。 本议案已经公司第二届董事会战略与ESG委员会第四次会议审议通过。 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 永臻科技股份有限公司（以下简称"公司"）第二届董事会第十三次会议于 2026 年 3 月 16 日在公司会议室以现场结合通讯表决方式召开。本次会议由公司 董事长汪献利先生召集，会议通知和材料已于 2026 年 3 月 12 日以电子 ...

证券代码：603381 证券简称：永臻股份 公告编号：2026-017 永臻科技股份有限公司 关于对外投资的公告 重要内容提示： 投资项目名称："年产 7 万吨超宽幅薄壁扁挤压铝型材及其深加工产品 技改项目"（以下简称"扁挤压项目"或"本项目"）。 投资金额：4.8 亿元人民币。 交易实施尚需履行的审批及其他相关程序 永臻科技股份有限公司（以下简称"公司"）已于 2026 年 3 月 16 日召开第 二届董事会第十三次会议审议通过本次投资事项，本次投资事项属于公司董事会 审批权限，无需提交股东会审议。 其它需要提醒投资者重点关注的风险事项 项目实施过程中可能面临建设进度滞后、成本节约效益未达预期、主要设 备供应延迟等风险。敬请广大投资者理性投资，注意投资风险。 一、对外投资概述 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。 1 为落实公司整体战略规划，充分发挥扁挤压技术产业化优势，延伸高端铝合 金材料产业链，公司拟在江苏省常州市现有厂区内实施"年产 7 万吨超宽幅薄壁 扁挤压铝型材及其深加工产品技改项目"。 本项目总投资为人 ...

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。 永臻科技股份有限公司（以下简称"公司"）于近日收到国金证券股份有 限公司（以下简称"国金证券"）出具的《关于变更永臻科技股份有限公司持续 督导保荐代表人的通知》，现将具体情况公告如下： 国金证券作为公司首次公开发行股票并在主板上市项目的保荐机构及主承 销商，原委派俞乐女士、黎慧明先生担任公司首次公开发行股票持续督导期间的 保荐代表人，负责保荐工作及持续督导工作，持续督导期至 2026 年 12 月 31 日 止。 证券代码：603381 证券简称：永臻股份 公告编号：2026-015 永臻科技股份有限公司 关于变更持续督导保荐代表人的公告 公司董事会对黎慧明先生在担任公司持续督导保荐代表人期间所做的工作 表示衷心的感谢！ 特此公告。 永臻科技股份有限公司董事会 2026 年 3 月 14 日 附件： 胡琳扬女士简历 胡琳扬女士，国金证券投资银行部董事总经理，保荐代表人。曾主持或参与 松原股份（300893.SZ，2020）IPO、祥生医疗（688358.SH，2019）IPO 等 ...

永臻科技股份有限公司 简式权益变动报告书 上市公司名称：永臻科技股份有限公司 股票上市地点：上海证券交易所 股票简称：永臻股份 股票代码：603381 信息披露义务人： 名称：深圳睿和恒投资咨询中心（有限合伙） 住所：深圳市福田区梅林街道梅都社区中康路136号深圳新一代产业园2栋311 通讯地址：深圳市福田区梅林街道梅都社区中康路136号深圳新一代产业园2栋311 股份变动性质：股份减少（减持） 签署日期：2026年3月5日 1 信息披露义务人声明 五、本次权益变动是根据本报告书所载明的资料进行的。信息披露义务人没有委 托或者授权其他任何人提供未在本报告书列载的信息和对本报告书做出任何解释或者 说明。 六、信息披露义务人承诺本报告书不存在虚假记载、误导性陈述或重大遗漏，并 对其真实性、准确性和完整性承担个别和连带的法律责任。 2 | | | 一、信息披露义务人依据《中华人民共和国证券法》《上市公司收购管理办法》《 公开发行证券的公司信息披露内容与格式准则第15号——权益变动报告书（2025年修 订）》等法律法规及规范性文件编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其实施亦不违反信 ...

Core Viewpoint - The perovskite battery sector in China is experiencing significant breakthroughs, with advancements in efficiency and stability, leading to increased interest and investment in the industry [1][4][11]. Group 1: Breakthroughs in Perovskite Technology - Wuhan University has developed a new technique called "atomic-scale interface bonding," which introduces a tunable hafnium oxide (HfOx) interlayer to stabilize the charge transport interface in perovskite solar cells, addressing long-standing efficiency and stability challenges [2][10]. - The p-i-n type perovskite solar cells produced by the research group achieved a power conversion efficiency of 27.1% (third-party certified efficiency of 26.6%) and maintained over 90% of initial efficiency after 5000 hours of operation at 85°C under continuous sunlight, with a high-temperature operational lifespan (T90) 25 times that of control devices [3][10]. - The research from the Chinese Academy of Sciences has led to the development of new tin oxide nanomaterials and the construction of two-dimensional/three-dimensional perovskite heterojunctions, which may facilitate the commercialization of efficient and stable perovskite photovoltaic modules [11]. Group 2: Market Response and Investment - The A-share photovoltaic equipment sector saw significant gains, with companies like Junda Co., Shuangliang Energy, and Yongzhen Co. reaching their daily price limits, indicating strong market interest in perovskite technology [1][8]. - A total of 32 A-share companies are actively investing in perovskite battery technology, with Junda Co. reporting a conversion efficiency of over 33.53% for its small-area perovskite-TOPCon tandem cells [5][12]. - Financial data shows that 12 stocks in the perovskite battery sector have received net inflows of financing this month, with Jiejia Weichuang and Jinko Solar attracting over 1 billion yuan each in net purchases [6][13].

Investment Rating - The report assigns an "Accumulate" rating for the company [3] Core Insights - The company is a leading manufacturer of photovoltaic aluminum frames with significant cost advantages compared to peers. It has strategically established production capacities in Vietnam and the United States, targeting overseas markets such as India and the U.S. The existing overseas capacity is scarce and is expected to yield substantial performance elasticity in the coming years [1][6][41] Financial Data and Valuation - The company is projected to achieve total revenue of 53.91 billion yuan in 2023, with a year-on-year growth of 4%. Revenue is expected to increase to 137.13 billion yuan by 2026, reflecting a growth rate of 14% [2] - The company's net profit for 2023 is estimated at 3.71 billion yuan, with a significant decline expected in 2024, followed by a recovery to 4.46 billion yuan in 2026 [2] - The earnings per share (EPS) is forecasted to be 1.56 yuan in 2023, dropping to -0.89 yuan in 2025, and recovering to 1.88 yuan in 2026 [2] Company Overview - The company was established in 2016 and specializes in photovoltaic frames, with over 85% of its revenue derived from this segment. It is one of the two listed companies in the specialized photovoltaic aluminum frame sector [10] - The ownership structure is relatively concentrated, with the largest shareholders holding a combined 39.25% of the company [11] Competitive Advantages - The company possesses both production capacity and cost advantages, which are expected to widen the gap with competitors. It has the largest domestic production capacity of approximately 580,000 tons, with a market share projected to be the highest in 2025 [32][40] - The company has implemented advanced production techniques, including self-developed molds and automated production lines, which contribute to its cost leadership in the industry [40] Overseas Expansion - The company has established a production base in Vietnam, which began operations in September 2024, with a designed capacity of 180,000 tons. This facility is expected to significantly contribute to the company's revenue and profitability [41] - The company has also invested in a U.S. company, AFSOLARTECH INC., which has recently commenced operations with a processing capacity of 40,000 tons. This strategic move positions the company to benefit from the growing North American market [45][46] Profit Forecast - The company anticipates a total revenue of 120 billion yuan in 2025, with a projected net profit of -2.1 billion yuan, followed by a recovery to 4.5 billion yuan in 2026 and 8.0 billion yuan in 2027 [50]

Investment Rating - The report maintains an "Overweight" rating for the power equipment and new energy industry [2] Core Insights - The State Council issued the "Implementation Opinions on Improving the National Unified Electricity Market System," aiming to establish a unified electricity market by 2030, with market transactions accounting for about 70% of total electricity consumption [4][40] - The report highlights the performance of the power equipment sector, which has seen a year-to-date increase of 9.76%, outperforming the CSI 300 index by 7.82 percentage points [11][14] - The report emphasizes the importance of new operational entities like virtual power plants and smart microgrids in participating flexibly in the electricity market [45] Summary by Sections Market Review - As of February 12, 2026, the power equipment sector rose by 4.97% over the past two weeks, ranking third among 31 sectors [11] - The wind power equipment sector decreased by 3.07%, while the photovoltaic equipment sector increased by 3.93% [18][20] Valuation and Industry Data - As of February 12, 2026, the price-to-earnings (PE) ratio for the power equipment sector is 36.66 times, with sub-sectors like the battery sector at 33.19 times and the photovoltaic sector at 34.99 times [25] - The report provides detailed valuation metrics for various sub-sectors, indicating significant variations in PE ratios compared to their historical averages [25] Industry News - The report discusses the significant growth in renewable energy installations, with a total installed capacity of 2.34 billion kilowatts by the end of 2025, accounting for 60% of the national power generation capacity [40] - It also notes the government's focus on upgrading traditional industries and promoting new energy sectors, including hydrogen energy [40] Company Announcements - The report includes recent announcements from companies in the sector, such as government subsidies received by various firms, indicating ongoing support for the industry [43]

Summary of Yongzhen Co., Ltd. Conference Call Company Overview - Yongzhen Co., Ltd. has established a comprehensive domestic and international production capacity, with a total capacity of 640,000 tons across three domestic bases in Changzhou, Chuzhou, and Wuhu, and an overseas base in Vietnam with a capacity of 180,000 tons, which is currently operating at full capacity [2][5]. Key Points and Arguments Production Capacity and Profitability - The Vietnam base has a strong profitability despite having costs approximately 1,000 RMB/ton higher than domestic production, maintaining a profit margin of 2,000-3,000 RMB per ton through cost reduction in the melting and casting process [2][6]. - Major clients include Indian companies such as Reliance, Renew Power, Tata, and American companies like Illuminate, SEG, DSIQ, and T1 [2][9]. Collaboration with Tesla - Yongzhen is actively expanding its collaboration with Tesla, having conducted multiple sample tests and is expected to achieve bulk supply by March or April [2][7]. - The current suppliers for Tesla are facing bankruptcy risks, presenting a market opportunity for Yongzhen [2][7]. Market Trends and Pricing - Domestic processing fees for frames have fluctuated, decreasing from 2,800 RMB/ton at the beginning of the year to 1,800 RMB/ton by year-end, and have now rebounded to over 2,000 RMB/ton [2][8]. - Overseas processing fees are approximately 800-900 USD/ton in India and 1,000-1,200 USD/ton in the U.S. [2][8]. Financial Guidance and Performance Expectations - For 2026, Yongzhen projects revenue of 16 billion RMB and total shipments of 800,000 tons, with domestic shipments expected to exceed 600,000 tons [2][13]. - The company aims to reduce losses in domestic operations and strive for breakeven, with the primary profit contribution still relying on the Vietnam base [2][13]. Expansion Plans - Yongzhen's expansion plans in Vietnam will be based on customer demand, with a commitment to rapid and efficient growth compared to competitors [2][10]. - The company is also considering potential adjustments to its expansion plans based on large orders from Tesla [2][11]. Challenges and Strategic Positioning - Domestic supply to overseas markets is not feasible due to traceability and high tax issues [2][18]. - Yongzhen has a strategic advantage in building overseas plants faster than competitors due to established experience in complex processes like melting and casting [2][19]. Local Partnerships and Future Outlook - Yongzhen has a 24.9% stake in a U.S. company with an annual production capacity of 40,000-50,000 tons, which plans to procure frames from Vietnam for further processing [2][20]. - Tesla is expected to become a client of this U.S. subsidiary, enhancing Yongzhen's market position [2][21]. Additional Important Information - The company is not currently involved in the space photovoltaic materials sector but is open to future opportunities depending on demand from Tesla [2][14]. - The expected investment for the Vietnam base's 180,000 tons capacity was approximately 120 million USD [2][17].

Core Viewpoint - The announcement details the equity changes of major shareholders in Yongzhen Technology Co., Ltd., specifically regarding the reduction of shareholding by Shenzhen Ruiheheng Investment Consulting Center (Limited Partnership) and other related entities [2][3]. Group 1: Shareholder Information - Shenzhen Ruiheheng Investment Consulting Center (Limited Partnership) plans to reduce its shareholding by up to 7,117,689 shares, representing 3% of the total share capital, within three months following the announcement of the reduction plan [2]. - As of February 3, 2026, Shenzhen Ruiheheng has reduced its holdings by 1,927,600 shares, decreasing its ownership from 11.72% to 10.91% [2][3]. Group 2: Reduction Plan Implementation - The reduction plan was initially disclosed on December 27, 2025, and the actual reduction occurred between January 27 and February 3, 2026 [2]. - The reduction does not lead to a change in the controlling shareholder or actual controller of the company [2][3]. Group 3: Other Major Shareholders - Suzhou Junlian Xiangdao Equity Investment Partnership (Limited Partnership) and Zhuhai Junlian Jiamao Equity Investment Enterprise (Limited Partnership) collectively held 22,242,778 shares, accounting for 9.38% of the total share capital before the reduction [5][6]. - The reduction results in Junlian Xiangdao holding 7,532,169 shares and Junlian Jiamao holding 7,592,989 shares, totaling 15,125,158 shares or 6.38% of the total share capital after the reduction [7].

Core Viewpoint - The photovoltaic equipment sector experienced a significant increase of 4.87% on February 4, with Zhonglai Co., Ltd. leading the gains, reflecting strong market interest in this industry [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4102.2, up by 0.85%, while the Shenzhen Component Index closed at 14156.27, up by 0.21% [1]. - Key stocks in the photovoltaic equipment sector showed substantial gains, with Zhonglai Co., Ltd. and JinkoSolar both rising by 20% to close at 10.32 and 8.40 respectively [1]. Group 2: Trading Volume and Capital Flow - The trading volume for Zhonglai Co., Ltd. reached 191.09 million shares, with a transaction value of 1.838 billion yuan [1]. - The photovoltaic equipment sector saw a net inflow of 7.313 billion yuan from institutional investors, while retail investors experienced a net outflow of 4.855 billion yuan [2][3]. Group 3: Individual Stock Performance - Other notable performers included Shichuang Energy and Zerun New Energy, both also increasing by 20%, with closing prices of 18.54 and 89.47 respectively [1]. - The stock of Jingsheng Mechanical & Electrical rose by 12.97%, closing at 62.21, with a trading volume of 1.2475 million shares [1].