Group 1 - The company has completed the conditions for granting restricted stock under the 2025 Restricted Stock Incentive Plan, with the grant date set for June 6, 2025, for 150 eligible participants, totaling 6.53 million shares at a price of 3.50 yuan per share [1][2] - The funding for the restricted stock includes 3.95 million shares sourced from the company's repurchase of its own A-shares in the secondary market and 2.58 million shares from a directed issuance to the incentive participants [2] - The company's total share capital remains unchanged at 854,764,000 shares before and after the stock grant, with the structure of restricted and unrestricted shares being updated accordingly [3] Group 2 - The company has received the subscription payments from the 150 participants for the 6.53 million shares, and the verification of these funds has been conducted by Beijing Dehao International Accounting Firm [1][2] - The transition of 3.95 million shares from unrestricted to restricted status will affect 96 participants, changing their shares from unlimited circulation to limited circulation [2][3] - The company will proceed with the necessary registration work for the restricted stock grant with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, and will fulfill its information disclosure obligations in a timely manner [3]

经与上海证券交易所和中国证券登记结算有限责任公司上海分公司确认，公 司本次拟授予150名激励对象认购公司653.00万股限制性股票，其中395.00万股来 源于公司从二级市场回购的本公司A股普通股股票，258.00万股来源于公司向激 励对象定向发行的本公司A股普通股股票。本次拟授予96名激励对象共计395.00 万股的限制性股票将由无限售条件流通股变更为有限售条件流通股，股份来源为 公司从二级市场回购的本公司人民币A股普通股股票。 根据相关规定，公司将在中国证券登记结算有限责任公司上海分公司办理本 次激励计划限制性股票后续授予登记工作，并及时履行信息披露义务。 特此公告。 证券代码：603969 证券简称：银龙股份 公告编号：2025-032 天津银龙预应力材料股份有限公司 关于完成股份性质变更暨 2025 年限制性股票 激励计划实施的进展公告 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个别及连带责任。 《天津银龙预应力材料股份有限公司2025年限制性股票激励计划（草案）》 （以下简称"《激励计划》"或"本次激励计划"）规定的限制性 ...

Investment Rating - The report maintains an "Overweight" rating for the construction materials sector [4] Core Viewpoints - The construction materials sector is experiencing a demand season that is not significantly weak, supported by delayed renovations in the second-hand housing market [2] - The glass market is facing a contradiction between supply and demand, with a continuous decline in demand expected post-2025, although there has been marginal improvement since March [2] - The cement industry is in a phase of seeking a bottom, with increased off-peak production efforts by companies, leading to fluctuating prices around unprofitable levels [2] - The fiberglass market has shown signs of bottoming out, with price wars ending and prices beginning to recover, particularly in the wind power sector [2] - Carbon fiber demand is slowly recovering, with growth expected in downstream sectors such as wind power and hydrogen bottles [2] Summary by Sections Cement Industry Tracking - As of June 20, 2025, the national cement price index is 362.67 yuan/ton, down 0.21% from the previous week, with a total cement output of 2.781 million tons, a decrease of 2.88% [3][16] - The cement market is currently in a phase of "weak reality" and "weak expectations," with potential for weak recovery by the end of Q3 if policies are strengthened or the rainy season ends [16] Glass Industry Tracking - The average price of float glass is 1209.75 yuan/ton, down 1.64% from the previous week, with inventory levels increasing [32] - The market is expected to experience short-term price fluctuations downward, with ongoing challenges in meeting demand during the seasonal downturn [32] Fiberglass Industry Tracking - The price of non-alkali roving has shown a stable decline, with demand for high-end products like wind power yarn performing relatively well [6] - The overall price of fiberglass is expected to maintain a weak and stable trend in the short term [6] Carbon Fiber Industry Tracking - The carbon fiber market price remains stable, with a weekly production of 1781 tons and an operating rate of 60.13% [7] - The industry continues to face losses, with a production cost of 106,500 yuan/ton and a negative gross margin [7] Key Stocks - Recommended stocks include Beixin Building Materials (Buy), Weixing New Materials (Overweight), and China Jushi (Buy) with respective EPS forecasts for 2024A to 2027E [8]

Group 1 - Hongde Fund recently conducted research on a listed company, Yilong Co., which highlighted the advantages of 2200-2400MPa ultra-high-strength steel strands and their applications in multiple high-speed rail constructions [1] - The company’s export business typically has a shorter account period compared to domestic business, with 90% and 80% of customers having account periods within one year, respectively [1] - Yilong Co.'s products are primarily used in railway, water conservancy, bridges, highways, new energy infrastructure, and civil construction, with the railway market being a core focus [1] Group 2 - The company is considering factory upgrades and capacity expansion, having requested authorization from the board to proceed with a simplified procedure for issuing stocks to specific targets [1] - The execution cycle of contracts varies based on product type and contract amount, with longer execution cycles for concrete products used in rail transit [1] - Pre-stressed materials have transportation radius requirements, and concrete products for rail transit need to be constructed near new high-speed rail projects [1] Group 3 - Hongde Fund was established in 2015, with a total asset management scale of 46.34 billion yuan, ranking 86 out of 210 [2] - The fund's best-performing public fund product in the past year is Hongde Digital Economy Mixed Initiation A, with a latest net value of 1.19 and a growth of 38.5% over the past year [2] - The latest public fund product raised by Hongde Fund is Hongde Yuhui Bond A, which is a bond-type mixed secondary fund, with a concentrated subscription period from June 3, 2025, to June 23, 2025 [2]

证券代码：603969 证券简称：银龙股份 公告编号：2025-031 天津银龙预应力材料股份有限公司 关于董事辞职的公告 1 一、董事离任基本情况 二、董事离任对公司影响 根据《公司法》及《公司章程》的有关规定，杨旭才先生辞去公司董事职务 不会导致公司董事会人数低于法定最低人数，不会影响公司董事会的正常运行， 其辞职报告在送达董事会后即时生效。杨旭才先生不存在未履行完毕的公开承诺， 已按照公司相关规定完成交接工作。 杨旭才先生担任公司董事、董事会战略发展委员会委员期间恪尽职守、勤勉 尽责，公司及董事会对杨旭才先生任职期间所做工作表示衷心感谢！ 特此公告。 天津银龙预应力材料股份有限公司董事会 2025 年 6 月 10 日 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个别及连带责任。 天津银龙预应力材料股份有限公司（以下简称"公司"）董事会于 2025 年 6 月 8 日收到董事杨旭才先生提交的书面辞职申请。因个人身体健康原因，杨旭 才先生申请辞去公司董事、董事会战略发展委员会委员职务。辞职后，杨旭才先 生不再担任公司任何职务。 | ...

Meeting Details - The fifth meeting of the Supervisory Board of Tianjin Yinlong Prestressed Materials Co., Ltd. was held on June 6, 2025, in a combination of on-site and remote formats [1] - The meeting was chaired by Mr. Wang Xin, and all three supervisors attended, ensuring compliance with relevant laws and regulations [1] Resolutions Passed - The Supervisory Board approved the adjustment of the list of incentive objects and the number of rights granted under the 2025 Restricted Stock Incentive Plan, with a unanimous vote of 3 in favor [2] - The adjustments were deemed compliant with the "Management Measures for Equity Incentives of Listed Companies" and did not harm the interests of the company or its shareholders [2][3] Compliance and Conditions - The incentive objects meet the conditions set forth in relevant laws and regulations, confirming their eligibility for the incentive plan [3] - The granting date determined by the Board of Directors was found to be in accordance with the relevant provisions, and the conditions for granting restricted stock have been fulfilled [2][3]

Core Viewpoint - The Supervisory Board of Tianjin Yinlong Prestressed Materials Co., Ltd. has reviewed and approved the 2025 Restricted Stock Incentive Plan, confirming the eligibility of the incentive recipients and the conditions for granting restricted stocks [1][2][3] Summary by Sections - The Supervisory Board conducted a review of the 2025 Restricted Stock Incentive Plan in accordance with relevant laws and regulations, confirming that the incentive recipients meet the necessary qualifications [2][3] - The plan involves granting 6.53 million shares of restricted stock at a price of 3.50 yuan per share to 150 eligible recipients, with the grant date set for June 6, 2025 [3]

证券代码：603969 证券简称：银龙股份 公告编号：2025-029 天津银龙预应力材料股份有限公司 关于向 2025 年限制性股票激励计划激励对象 授予限制性股票的公告 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个别及连带责任。 重要内容提示： 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《天津 银龙预应力材料股份有限公司2025年限制性股票激励计划（草案）》（以下简称 "《激励计划》"、"本激励计划"）的相关规定以及公司2024年年度股东大会授权， 天津银龙预应力材料股份有限公司（以下简称"公司"）董事会认为本激励计划规 定的限制性股票的授予条件已经成就，公司于2025年6月6日召开的第五届董事会 第十四次会议审议通过了《关于向2025年限制性股票激励计划激励对象授予限制 性股票的议案》，确定公司本激励计划的授予日为2025年6月6日。现将有关事项 说明如下： 一、限制性股票授予情况 （一）本激励计划已履行的决策程序和信息披露情况 1．2025年4月24日，公司召开第五届董事会第十二次会议，审议通过了《关 于 ...

一、限制性股票激励计划分配情况 | 姓名 职务 | 授予限制性股票 | 占授予限制性股票 | 占授予日总股 | | --- | --- | --- | --- | | | 数量（万股） | 总量的比例（%） | 本的比例（%） | | 核心管理人员及核心骨干人员 | 653.00 | 100.00 | 0.76 | | （150 人） | | | | | 合计 | 653.00 | 100.00 | 0.76 | 注：1.公司在全部有效期内的股权激励计划所涉及的标的股票总数累计未超过本激励计 划草案公告时公司股本总额的10%。本激励计划中任何一名激励对象通过全部在有效期内的 股权激励计划获授的本公司股票数量累计未超过本激励计划草案公告时公司股本总额的1%。 2.本激励计划激励对象不包括独立董事、监事及单独或合计持有公司 5%以上股份的股 东或实际控制人及其配偶、父母、子女。 3.核心管理人员及核心骨干员工的具体姓名请投资者关注交易所网站披露内容。 4.上表中数值若出现总数与各分项数值之和尾数不符，均为四舍五入原因所致。 天津银龙预应力材料股份有限公司 2025 年限制性股票激励计划激励对象名单 （授予日） 二 ...

证券代码：603969 证券简称：银龙股份 公告编号：2025-028 天津银龙预应力材料股份有限公司 关于调整 2025 年限制性股票激励计划 激励对象名单及授予权益数量的公告 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个别及连带责任。 重要内容提示： 天津银龙预应力材料股份有限公司（以下简称"公司"）于2025年6月6日召 开第五届董事会第十四次会议，审议通过《关于调整2025年限制性股票激励计划 激励对象名单及授予权益数量的议案》。根据《天津银龙预应力材料股份有限公 司2025年限制性股票激励计划（草案）》（以下简称"《激励计划》"或"本次 激励计划"）的规定和公司2024年年度股东大会的授权，公司董事会对本次激励 计划激励对象名单及授予权益数量进行了调整。现将有关事项说明如下： 一、本激励计划已履行的决策程序和信息披露情况 1．2025年4月24日，公司召开第五届董事会第十二次会议，审议通过了《关 于<公司2025年限制性股票激励计划（草案）>及其摘要的议案》《关于<公司2025 年限制性股票激励计划实施考核管理办法>的议案 ...