Group 1 - The company held its second extraordinary general meeting of shareholders in 2025, confirming that there were no rejected proposals [2] - The meeting was convened by the board of directors and chaired by Chairman Wang Wenbin, utilizing a combination of on-site and online voting methods, in compliance with the Company Law and the company's articles of association [2][3] - All seven current directors attended the meeting, along with the board secretary and senior management [3] Group 2 - Three proposals were reviewed and approved during the meeting: 1. Proposal to reappoint the auditing firm for the fiscal year 2025 [4] 2. Proposal to change the company's registered capital and amend the articles of association [4] 3. Proposal to revise the fundraising management system [6] - The second proposal was a special resolution that received more than two-thirds of the valid voting rights from attending shareholders, while the first and third proposals were ordinary resolutions that received over half of the valid voting rights [6] - The meeting was witnessed by lawyers from Guohao Law Firm (Xi'an), who confirmed that the meeting's procedures and voting results were legal and valid [6]

Core Viewpoint - Shaanxi Srey New Materials Co., Ltd. held a temporary shareholders' meeting on November 14, 2025, where several key resolutions were passed, including the reappointment of the annual audit institution and changes to registered capital and the company's articles of association [1][2]. Meeting Details - The temporary shareholders' meeting was convened by the board of directors and chaired by Chairman Wang Wenbin, utilizing both on-site and online voting methods [2]. - A total of 118 ordinary shareholders and their agents attended the meeting, holding 435,206,908 voting rights, which accounted for 59.6864% of the total voting rights [2]. Resolutions Passed - The resolution regarding the reappointment of the 2025 annual audit institution received 435,118,939 votes in favor, representing 99.9797% of the votes cast [3]. - The resolution to change the registered capital and amend the articles of association was passed with 435,120,639 votes in favor, accounting for 99.9801%, exceeding the required two-thirds majority [4]. - The resolution to amend the fundraising management system received 434,769,263 votes in favor, which is 99.8994% of the votes [5]. Minority Shareholder Voting - For the resolution on the reappointment of the audit institution, minority shareholders (holding less than 5%) showed strong support, with 33,231,683 votes in favor, representing 99.7359% [6]. Legal Verification - Lawyers from Guohao Law Firm confirmed the legality and compliance of the meeting's procedures, affirming the validity of the attendees and the voting process [7]. - The successful passage of these resolutions lays a foundation for the company's 2025 audit work, optimization of registered capital, and standardized management of raised funds, contributing to improved corporate governance [7].

西安市高新区丈八二路绿地中心 B 座 46 层 邮编 710065 Floor 46,B Tower, Lv'di Center,ZhangBa Second Street Gaoxin District,Xi'an,Shaanxi 710065,China 国浩律师（西安）事务所 关于陕西斯瑞新材料股份有限公司 2025年第二次临时股东会的 法律意见书 致：陕西斯瑞新材料股份有限公司 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》"）等法律、行政法规和规范性文件的规定， 国浩律师（西安）事务所（以下简称"国浩"）接受陕西斯瑞新材料股份有限公司 （以下简称"公司"）的委托，指派律师出席公司 2025 年第二次临时股东会（以下 简称"本次股东会"）并对本次股东会的相关事项进行见证，依法出具本法律意见 书。 国浩及经办律师依据《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》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 ...

证券代码：688102 证券简称：斯瑞新材 公告编号：2025-061 陕西斯瑞新材料股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 11 月 14 日 （二） 股东会召开的地点：陕西斯瑞新材料股份有限公司 4 楼会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 118 | | --- | --- | | 普通股股东人数 | 118 | | 2、出席会议的股东所持有的表决权数量 | 435,206,908 | | 普通股股东所持有表决权数量 | 435,206,908 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 59.6864 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 59.6864 | （四） 表决 ...

Core Viewpoint - The company, Srei New Materials, has confirmed that its high-performance metal chromium powder is utilized in the supply chain of Siemens Energy, particularly in wind power equipment and gas turbines, highlighting its advanced production technologies and established industry position [1]. Group 1: Company Overview - Srei New Materials has developed advanced low-temperature liquid nitrogen powdering technology and acid-insoluble impurity treatment technology, resulting in high purity and low impurity characteristics of its products [1]. - The company has achieved an annual production capacity of 2,000 tons of chromium powder, indicating significant operational scale [1]. - Major clients include well-known enterprises such as Western Superconducting Technologies, Siemens, and Plansee, showcasing the company's strong market presence [1].

Core Viewpoint - SRE New Materials (688102.SH) has advanced technology in high-performance metal chromium powder production, enhancing its industry position and meeting high-end application demands [1] Company Summary - The company utilizes advanced low-temperature liquid nitrogen milling technology and acid-insoluble impurity treatment technology, resulting in high purity and low impurity products [1] - SRE New Materials has established an annual production capacity of 2,000 tons of chromium powder [1] - Major clients include well-known companies such as Western Superconducting, Siemens, and Plansee [1] Industry Summary - The company's technological advancements position it favorably within the high-performance materials industry, catering to stringent requirements in high-end applications [1]

Core Viewpoint - The CPO concept stocks in the A-share market experienced a collective decline, with several companies showing significant drops in their stock prices [1]. Group 1: Stock Performance - Yongding Co., Ltd. (600105) saw a decline of 6.53%, with a total market capitalization of 20.3 billion and a year-to-date increase of 182.25% [2]. - Changxin Bochuang (300548) dropped by 5.98%, with a market cap of 27.3 billion and a year-to-date increase of 102.19% [2]. - Guangku Technology (300620) fell by 5.39%, with a market cap of 24.6 billion and a year-to-date increase of 103.96% [2]. - Cambridge Technology (603083) decreased by 4.96%, with a market cap of 34.5 billion and a year-to-date increase of 147.37% [2]. - Taicheng Light (300570) declined by 4.84%, with a market cap of 20.8 billion and a year-to-date increase of 27.28% [2]. - Jepu Tech (688025) experienced a drop of 4.89%, with a market cap of 13.2 billion and a year-to-date increase of 194.80% [2]. - Tianfu Communication (300394) fell by 4.43%, with a market cap of 123 billion and a year-to-date increase of 144.51% [2]. - Sry New Materials (688102) decreased by 4.26%, with a market cap of 14.9 billion and a year-to-date increase of 120.63% [2]. - Juguang Technology (688167) saw a decline of 4.16%, with a market cap of 11.7 billion and a year-to-date increase of 103.55% [2]. - Lian Te Technology (301205) dropped by 3.71%, with a market cap of 13.6 billion and a year-to-date increase of 38.55% [2]. - Laimu Co., Ltd. (603633) decreased by 3.59%, with a market cap of 4.58 billion and a year-to-date increase of 31.69% [2]. - Zhongji Xuchuang (300308) fell by 3.47%, with a market cap of 502 billion and a year-to-date increase of 267.66% [2]. - Huilv Ecology (001267) saw a decline of 3.37%, with a market cap of 14.4 billion and a year-to-date increase of 141.49% [2].

Group 1 - CPO concept stocks experienced a surge, with KuaChuan Technology hitting the daily limit [1] - Shijia Photon increased by over 17% [1] - Other notable gainers include Robotec, SuiRui New Materials, HuiLv Ecology, and Dongshan Precision, which also saw significant increases [1]

陕西斯瑞新材料股份有限公司 2025 年第二次临时股东会会议资料 证券代码：688102 证券简称：斯瑞新材 陕西斯瑞新材料股份有限公司 1 陕西斯瑞新材料股份有限公司 2025 年第二次临时股东会会议资料 目录 | | 2025 年第二次临时股东会会议须知 | | 3 | | --- | --- | --- | --- | | 年第二次临时股东会会议议程 | 2025 | | 5 | | 关于续聘公司 | 2025 年度审计机构的议案 | | 7 | | 关于变更公司注册资本、修订《公司章程》及办理工商变更登记的议案 | | | 8 | | 关于修订《募集资金管理制度》的议案 | | | 10 | 2 2025年第二次临时股东会 会议资料 二零二五年十一月 陕西斯瑞新材料股份有限公司 2025 年第二次临时股东会会议资料 陕西斯瑞新材料股份有限公司 2025 年第二次临时股东会会议须知 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证会议 的顺利进行，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民 共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》以及《陕西 ...

Group 1: Banking Sector - The report indicates that since 2022, banks have been utilizing diversified methods to accelerate the write-off and transfer of retail loans, which is expected to quickly clear existing non-performing assets [1][7][8] - As of Q2 2025, the total retail loan amount of listed banks reached 63.3 trillion yuan, accounting for 34.3% of total loans, with personal housing loans being the largest component [7][8] - The retail loan non-performing rate has been on the rise, reaching 1.29% in Q2 2025, which is an increase of 13 basis points from Q4 2024, indicating ongoing pressure on asset quality [7][8][9] Group 2: Electronics Sector - Aojie Technology - Aojie Technology reported a revenue of 28.80 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 13.4% [11][12] - The company’s core business, cellular baseband chips, saw a revenue growth of approximately 25%, significantly improving its gross margin [11][12] - Revenue projections for 2025, 2026, and 2027 are estimated at 44.12 billion yuan, 57.70 billion yuan, and 73.34 billion yuan respectively, with a corresponding price-to-sales ratio of 8, 6, and 5 times [12][13] Group 3: Computer Sector - Jingwei Hengrun - Jingwei Hengrun achieved a revenue of 44.64 billion yuan in the first three quarters of 2025, marking a year-on-year growth of 25.88% [15][16] - The company is expanding its smart port solutions, having successfully delivered automated driving vehicles to a significant client, indicating strong commercial traction [15][16] - Revenue forecasts for 2025, 2026, and 2027 are projected at 70.8 billion yuan, 90.9 billion yuan, and 109.1 billion yuan, with expected net profits of 0.61 billion yuan, 3.85 billion yuan, and 6.19 billion yuan respectively [15][16] Group 4: Power Equipment Sector - Terui De - Terui De reported a revenue of 98.34 billion yuan for the first three quarters of 2025, reflecting a year-on-year increase of 10.53% [18][19] - The company’s net profit for the same period was 6.86 billion yuan, a significant increase of 53.55% year-on-year [18][19] - The company is expanding its overseas market presence, with a notable project completed in Saudi Arabia, enhancing its profitability [19][20] Group 5: Rare Earth Sector - Northern Rare Earth - Northern Rare Earth reported a revenue of 302.92 billion yuan for the first three quarters of 2025, a year-on-year increase of 40.50% [22][23] - The company’s net profit surged by 280.27% to 15.41 billion yuan, driven by rising rare earth prices [22][23] - The production of rare earth oxides increased by 93.45% year-on-year, indicating strong demand and operational efficiency [23][24] Group 6: Automotive Sector - BYD - BYD achieved a revenue of 566.27 billion yuan in the first three quarters of 2025, a year-on-year growth of 12.75% [25][26] - The company sold 3,260,146 vehicles in the same period, representing an 18.64% increase year-on-year [25][26] - Despite revenue growth, net profit decreased by 7.55% due to increased R&D expenses and reduced foreign exchange gains [25][26] Group 7: Non-Ferrous Metals Sector - Srey New Materials - Srey New Materials reported a revenue of 11.74 billion yuan for the first three quarters of 2025, a year-on-year increase of 21.74% [31][32] - The company’s net profit for the same period was 1.08 billion yuan, reflecting a growth of 37.74% [31][32] - The company is expanding its product offerings to meet the growing demands in commercial aerospace and medical imaging sectors [32]