Summary of Sry New Materials Conference Call Company Overview - Sry New Materials primarily generates revenue from high-strength and high-conductivity copper alloys (47.49% in 2024), medium and high-voltage electrical contact materials (26.9%), and high-performance metal chromium powder (17.37%) [2][3][7] - The company has shown steady growth in historical performance, with revenue and net profit increasing significantly from 2020 to Q1 2025, with net profit rising from 52 million to 114 million yuan, averaging over 20% annual growth [2][8] Key Business Segments 1. **High-Strength and High-Conductivity Copper Alloys** - Revenue share of 47.49% in 2024 - Stable gross margin, with overall gross profit increasing from 68 million to 120 million yuan, a compound growth rate of 15.42% [7] - Applications in rail transit and consumer electronics, achieving domestic substitution [7] 2. **Medium and High-Voltage Electrical Contact Materials** - Revenue share of 26.9%, with gross profit share of 31.73% - Revenue growth from 203 million to 335 million yuan, a compound growth rate of 13.37% [7] - Major clients include Siemens, ABB, and Eaton, with over 60% domestic market share and over 50% global market share [3][16] 3. **High-Performance Metal Chromium Powder** - Sales volume increased from nearly 300 tons in 2020 to 471 tons in 2024, with a compound growth rate of 17.73% [10] - Gross profit increased from 4 million to 7 million yuan [10] 4. **CT and DR Tube Business** - Revenue growth from 15 million to nearly 60 million yuan, with a compound growth rate of 41.34% [11] - Gross margin improved from 11.57% in 2020 to 30.4% in 2025, indicating significant future growth potential [11] Market Trends and Opportunities - The global commercial aerospace market is rapidly growing, with satellite launches increasing at a compound annual growth rate (CAGR) of 41.53% [13][14] - Sry New Materials is the only domestic company capable of providing zirconium copper alloys for rocket engines, filling a technological gap in the domestic market [15] Future Outlook - The company expects net profit growth of around 40% from 2025 to 2027, with a target price of approximately 16.17 yuan per share based on a 71x P/E ratio for 2025 [3][26] - The medical imaging component market is projected to grow significantly, with a forecast of 60,000 CT tubes and 40,000 DR tubes by 2030 [19] Management and R&D Investments - The management team has implemented stock incentive plans to align employee interests with company growth, showing confidence in future prospects [21] - Significant investments in R&D, including 230 million yuan for liquid rocket engine materials, indicate a commitment to innovation and capacity expansion [22] Conclusion - Sry New Materials is positioned for strong growth across its business segments, with a focus on high-performance materials and significant market opportunities in aerospace and medical imaging sectors. The company's strategic initiatives and market leadership in electrical contact materials further enhance its investment appeal [2][3][26]

Core Viewpoint - The company is convening its first extraordinary general meeting of shareholders in 2025 to discuss several key proposals, including the election of a new board of directors and amendments to the company's governance structure [2][16][21]. Group 1: Meeting Details - The meeting is scheduled for June 27, 2025, at 14:00 in the company's conference room [8][9]. - Voting will be conducted through a combination of on-site and online methods, with specific time slots for online voting [7][8]. - Attendees must register 30 minutes prior to the meeting and present necessary identification documents [2][3]. Group 2: Proposals for Discussion - Proposal 1: The company plans to abolish the supervisory board and amend its articles of association to enhance governance efficiency [10][11]. - Proposal 2: The company seeks to revise several management systems, including the rules governing shareholder meetings and the remuneration management system for directors and senior management [12][13]. - Proposal 3: A new remuneration scheme for the fourth board of directors is proposed, linking compensation to company performance [14][15]. Group 3: Board Elections - Proposal 4: The election of the fourth board of directors will include three non-independent directors, with specific candidates nominated [16][17]. - Proposal 5: The election of three independent directors is also on the agenda, with candidates already vetted and approved by the Shanghai Stock Exchange [21][22]. Group 4: Candidate Qualifications - The nominated candidates for the board have been assessed for compliance with legal requirements and have no disqualifying factors [17][22][25][26][27]. - Each candidate's professional background and qualifications are detailed, ensuring they meet the necessary standards for board membership [18][19][20][24][25][26][27].

陕西斯瑞新材料股份有限公司 2025 年第一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 2025年第一次临时股东会 会议资料 二零二五年六月 陕西斯瑞新材料股份有限公司 2025 年第一次临时股东会会议资料 2025 年第一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《陕西斯瑞 新材料股份有限公司章程》（以下简称"《公司章程》"）、《陕西斯瑞新材料股份有限 公司股东会议事规则》等相关规定，特制定2025年第一次临时股东会会议须知： 一、为确认出席会议的股东或其代理人或其他出席者的出席资格，会议工作人 员将对出席会议者的身份进行必要的核对工作，请被核对者给予配合。出席会议的 股东及股东代理人须在会议召开前30分钟到会议现场办理签到手续，并请按规定出 示证券账户卡、身份证明文件或法人单位证明、授权委托书等，经验证后方可出席 会议。 二、为保证本次会议的严肃性和正常秩序，切 ...

Core Points - The 16th China Listed Company Investor Relations Management Tianma Award winners were announced on June 13, with Xu Runsheng from Srei New Materials receiving the Outstanding Secretary Award [1] - The Tianma Award, organized by the Securities Times, is one of the earliest and most influential evaluations in the field of investor relations management in China's capital market, having been established in 2009 [1] - The award aims to enhance investor relations management services among listed companies and promote two-way interaction between companies and investors, thereby stabilizing market expectations [1] Participation and Impact - The 2025 Tianma Award event saw participation from over 2,100 listed companies and more than 16 million public votes, marking the highest engagement in its 16-year history [1] - The awards include six categories: Tianma Award for Investor Relations Management, Outstanding Secretary Award, Excellent Team Award, Shareholder Return Award, Innovative Practice Award, and Hong Kong Listed Company Tianma Award [1] - The event emphasizes investor protection and aims to inspire innovation and development among market participants [1]

斯瑞新材在互动平台表示，公司产品已成功应用" 可控核聚变"领域，开发并成功配套新奥科技等国内 关键下游客户。公司与下游的可控核聚变公司合作，开发托卡马克试验装置磁体零组件，目前已经顺利 装机运行，开发的耐高温铜铬铌合金材料正在新一代核聚变装置的关键部件进行测试。 ...

证券代码：688102 证券简称：斯瑞新材 公告编号：2025-030 陕西斯瑞新材料股份有限公司 关于取消监事会、修订《公司章程》及修订、制定 部分管理制度的公告 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、准确性和完整性依法承担法律责任。 陕西斯瑞新材料股份有限公司（以下简称"公司"）于 2025 年 6 月 10 日召 开第三届董事会第十八次会议，审议通过了《关于取消监事会、修订 <公司章程> 的议案》《关于新增、修订公司部分管理制度的议案》。现将具体情况公告如下： 一、取消监事会并修订《公司章程》情况 为进一步完善公司治理结构，提高经营管理效率，根据《中华人民共和国公 司法》及《上市公司章程指引（2025 年修订）》《上海证券交易所科创板股票上 市规则》等有关法律法规的规定，结合公司实际情况，公司将不再设置监事会， 监事会的职权由董事会审计委员会行使。为保证公司规范运作，在公司股东会审 议通过公司取消监事会相关议案前，公司第三届监事会及监事应当继续遵守中国 证监会、上海证券交易所原有规章、规范性文件和业务规则以及公司现行的《公 司章程》和公司各 ...

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、准确性和完整性依法承担法律责任。 陕西斯瑞新材料股份有限公司（以下简称"公司"）第三届董事会任期即将 届满，根据《中华人民共和国公司法》（以下简称"《公司法》"）《上海证券交易 所科创板股票上市规则》《上海证券交易所科创板上市公司自律监管指引第 1 号 ——规范运作》等法律法规、规范性文件以及《公司章程》等规定，公司开展董 事会换届选举工作，现将本次董事会换届选举情况公告如下： 一、董事会换届选举情况 公司于 2025 年 6 月 10 日召开第三届董事会第十八次会议，审议通过了《关 于取消监事会、修订 <公司章程> 的议案》，拟将董事会成员人数由 9 人调整为 7 人，其中独立董事 3 人，职工代表董事 1 人，并修改《公司章程》和《董事会议 事规则》相关内容。上述议案需提交公司 2025 年第一次临时股东会审议。本次 董事会换届选举以股东会审议通过关于修订《公司章程》相关内容为前提条件。 同日，公司第三届董事会第十八次会议审议通过了《关于董事会换届选举暨 提名第四届董事会非独立董事候选人的议案》及《关于董 ...

Core Viewpoint - The company has approved the compensation plans for the fourth board of directors and senior management, linking their remuneration to the company's performance and market standards [1][2]. Summary by Sections Compensation Plan for Board of Directors - The compensation plan applies to all members of the fourth board of directors, including independent and non-independent directors, as well as employee representative directors [1]. - The plan is set for the duration of their term [2]. - Internal directors' compensation is tied to the company's annual performance and consists of basic salary, performance salary, and other benefits [2]. - External directors receive a fixed allowance of 78,000 yuan per year, with no additional compensation or social security benefits [2]. - Independent directors receive a fixed allowance of 100,000 yuan per year, with no additional compensation or social security benefits [2]. Compensation Plan for Senior Management - The compensation plan for senior management is also linked to the company's performance and includes basic salary, performance salary, and other benefits [2]. - Basic salary is determined based on the position's value, responsibility, capability, and market salary trends [2]. - Performance salary is based on the annual performance evaluation scheme for senior management [2]. - Other benefits include social insurance and housing provident fund contributions as per national and local regulations [2].

陕西斯瑞新材料股份有限公司 独立董事候选人声明与承诺 本人李静，已充分了解并同意由提名人陕西斯瑞新材料股份有限公司董事会 提名为陕西斯瑞新材料股份有限公司第四届董事会独立董事候选人。本人公开声 明，本人具备独立董事任职资格，保证不存在任何影响本人担任陕西斯瑞新材料 股份有限公司独立董事独立性的关系，具体声明并承诺如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、行政法规、部门规 章及其他规范性文件，具有五年以上法律、经济、财务、管理或者其他履行独立 董事职责所必需的工作经验。 二、本人任职资格符合下列法律、行政法规和部门规章的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的规定； （三）中国证监会《上市公司独立董事管理办法》、上海证券交易所自律监 管规则以及《陕西斯瑞新材料股份有限公司章程》关于独立董事任职资格和条件 的相关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部辞去公职或者退 （离）休后担任上市公司、基金管理公司独立董事、独立监事的通知》的规定； （四）在上市公司控股股东、实际控制人的附属企业任职的人员及其配偶、 ...

陕西斯瑞新材料股份有限公司 公司章程 二零二五年六月 目 录 陕西斯瑞新材料股份有限公司章程 第一章 总 则 第一条 为维护公司、股东、职工和债权人的合法权益，规范公司的组织和 行为，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》"）等法律法规和其他有关规定，制订本章 程。 第二条 陕西斯瑞新材料股份有限公司(以下简称"公司")系依照《公司法》 及其他法律法规和规范性文件的规定，经由陕西斯瑞工业有限责任公司整体变 更成立的股份有限公司。 公司的设立方式为发起设立。在西安市市场监督管理局注册登记，取得统 一社会信用代码为 91610000623115672Q 的《营业执照》。 第三条 公司于 2022 年 1 月 21 日经中国证券监督管理委员会注册，首次向 社会公众发行人民币普通股 40,010,000 股，于 2022 年 3 月 16 日在上海证券交 易所上市。 第四条 公司注册名称 中文名称：陕西斯瑞新材料股份有限公司 英文名称：Shaanxi Sirui Advanced Materials CO., LTD 第五条 公司住所：陕西省西安市高新 ...