中国 深圳 福田区 益田路6001号太平金融大厦11-12楼 邮政编码：518038 11F-12F, TAIPING FINANCE TOWER, 6001 YITIAN ROAD, FUTIAN, SHENZHEN, CHINA 电话（Tel.）：（0755）88265288 传真（Fax.）：（0755）88265537 网址（Website）：http://www.sundiallawfirm.com 关于广东嘉元科技股份有限公司 2025 年第四次临时股东会的见证法律意见书 信达科会字(2025)第 043 号 致：广东嘉元科技股份有限公司 广东信达律师事务所（以下简称"本所"或"信达"）受广东嘉元科技股份有限 公司（以下简称"公司"）委托，指派李佳韵律师、达选博律师出席公司召开的 2025 年第四次临时股东会（以下简称"本次股东会"），并进行了必要的验证工 作。 本所及经办律师依据《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 ...

转债代码：118000 转债简称：嘉元转债 广东嘉元科技股份有限公司 2025年第四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 | | | （二） 股东会召开的地点：广东省梅州市梅县区雁洋镇文社村广东嘉元科技股 份有限公司办公楼一楼会议室 （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 | 174 | | --- | --- | | 普通股股东人数 | 174 | | 2、出席会议的股东所持有的表决权数量 | 119,589,892 | | 普通股股东所持有表决权数量 | 119,589,892 | | 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 | 28.2358 | | 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（%） | 28.2358 | （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。 本次股东会采 ...

Group 1 - The core point of the article is that Jia Yuan Technology (SH 688388) announced a board meeting to discuss the proposal to adjust the conversion price of "Jia Yuan Convertible Bonds" [1] - For the fiscal year 2024, the revenue composition of Jia Yuan Technology is 85.9% from industrial operations and 14.1% from other businesses [1] - As of the report date, the market capitalization of Jia Yuan Technology is 14.7 billion yuan [1]

| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2025-091 | | --- | --- | --- | | 转债代码：118000 | 转债简称：嘉元转债 | | 广东嘉元科技股份有限公司 第五届董事会第五十四次会议决议公告 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。 公司 2025 年第四次临时股东会召开前二十个交易日公司股票交易均价为 30.14 元/股，2025 年第四次临时股东会召开前一个交易日公司股票交易均价为 32.97 元/股，本次修正后"嘉元转债"的转股价格不应低于 32.97 元/股。根据 《募集说明书》的相关条款及公司 2025 年第四次临时股东会授权，公司董事会 综合考虑公司实际情况，决定将"嘉元转债"的转股价格由 41.88 元/股向下修 正为 33.18 元/股。 修正后的"嘉元转债"转股价格自 2025 年 9 月 18 日起生效。"嘉元转债" 于 2025 年 9 月 17 日停止转股，2025 年 9 月 18 日起恢复转股。 同时董事会决定在本次"嘉元转债"转股价格 ...

Market Overview - The Shanghai Composite Index rose by 0.04% on September 16, with 21 out of the 28 sectors experiencing gains, led by the comprehensive and machinery equipment sectors, which increased by 3.62% and 2.06% respectively [1] - The power equipment sector saw a modest increase of 0.29%, while the agriculture, forestry, animal husbandry, and fishery sectors, along with the banking sector, faced declines of 1.29% and 1.15% respectively [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 37.426 billion yuan, with 11 sectors experiencing net inflows. The machinery equipment sector led with a net inflow of 5.508 billion yuan, followed by the computer sector, which also saw a 2.06% increase and a net inflow of 4.945 billion yuan [1] - The sectors with the highest net capital outflows included non-ferrous metals, which saw an outflow of 10.335 billion yuan, and the power equipment sector, which had an outflow of 8.913 billion yuan. Other sectors with significant outflows included banking, non-bank financials, and pharmaceutical biology [1] Power Equipment Sector Performance - In the power equipment sector, 362 stocks were tracked, with 212 stocks rising and 145 stocks declining. Eight stocks hit the daily limit up [2] - The top three stocks with the highest net inflows included Tianji Co., which saw an inflow of 685 million yuan, followed by Sunshine Power and Ocean Electric, with inflows of 574 million yuan and 372 million yuan respectively [2] - Conversely, the stocks with the highest net outflows included Xian Dao Intelligent, with an outflow of 1.094 billion yuan, followed by Yiwei Lithium Energy and Wolong Electric Drive, with outflows of 716 million yuan and 568 million yuan respectively [3]

Market Performance - The Sci-Tech Innovation Board (STAR Market) index rose by 5.32%, closing at 1326.03 points, with a total trading volume of 5.338 billion shares and a turnover of 276.938 billion yuan, resulting in an average turnover rate of 2.85% [1] - Among the tradable stocks on the STAR Market, 524 stocks closed higher, with 23 stocks experiencing a rise of over 10%, including Tengjing Technology, Haiguang Information, and New Xiangwei, which hit the daily limit [1] - The highest turnover rate was recorded by Jiayuan Technology at 21.12%, followed by Xinyu Ren at 19.02%, with significant trading volumes of 3.087 billion yuan and 328 million yuan respectively [1] Sector Analysis - The electronics sector had the highest number of stocks with a turnover rate exceeding 5%, totaling 49 stocks, followed by the computer and pharmaceutical sectors with 19 and 17 stocks respectively [2] - In terms of capital flow, 74 stocks with high turnover rates saw net inflows from main funds, with the highest net inflows recorded for Shijia Photon, Dingtong Technology, and Yuntian Lefe, amounting to 369 million yuan, 234 million yuan, and 207 million yuan respectively [2] Stock Specifics - Notable stocks with high turnover rates include: - Jiayuan Technology (688388) with a closing price of 34.90 yuan, a daily increase of 2.05%, and a turnover rate of 21.12% with a net outflow of 21.486 million yuan [3] - Xinyu Ren (688573) closed at 32.93 yuan, up 2.68%, with a turnover rate of 19.02% and a net inflow of 1.967 million yuan [3] - Tengjing Technology (688195) saw a significant increase of 20.00%, closing at 101.44 yuan, with a turnover rate of 15.04% and a net inflow of 16.311 million yuan [3] Recent Trends - Recent data indicates that 67 stocks have received net purchases from leveraged funds, with notable increases in financing balances for companies like SMIC, Lanke Technology, and Tianyue Advanced, which saw increases of 462 million yuan, 415 million yuan, and 363 million yuan respectively [2]

Group 1 - The core point of the news is that the main funds in the Shanghai and Shenzhen markets saw a net inflow of 34.518 billion yuan, with the Sci-Tech Innovation Board experiencing a net inflow of 2.309 billion yuan [1] - A total of 230 stocks on the Sci-Tech Innovation Board saw net inflows, while 358 stocks experienced net outflows [1] - Among the stocks with significant net inflows, Haiguang Information led with a net inflow of 2.467 billion yuan, followed by Shijia Photon and Dingtong Technology with net inflows of 369 million yuan and 234 million yuan respectively [1] Group 2 - There are 37 stocks that have seen continuous net inflows for more than three trading days, with Hanwujing leading at 17 consecutive days of inflow [2] - Conversely, 150 stocks have experienced continuous net outflows, with Xianfeng Precision leading at 14 consecutive days of outflow [2] - The top three stocks by net inflow include Haiguang Information, Shijia Photon, and Dingtong Technology, with inflows of 246.719 million yuan, 36.891 million yuan, and 23.406 million yuan respectively [2] Group 3 - The overall market performance shows that 524 stocks on the Sci-Tech Innovation Board rose, with six stocks hitting the daily limit up, including Juguang Technology and Tengjing Technology [1] - The stock with the largest net outflow was BeiGene, which saw a net outflow of 229 million yuan and a decline of 3.73% [1] - Other notable stocks with significant net outflows include Jiayuan Technology and Tianyue Advanced, with outflows of 215 million yuan and 147 million yuan respectively [1]

Group 1 - The Shanghai Stock Exchange Sci-Tech Innovation Board New Energy Index (000692) has seen a strong increase of 1.90%, with significant gains in constituent stocks such as Juhe Materials (688503) up 12.79%, Aotwei (688516) up 6.53%, and Yihua Tong (688339) up 5.29% [1] - The new energy sector is performing well, particularly in the photovoltaic concept, with domestic electric vehicle brands like Leap Motor, Xpeng, and NIO achieving record sales in August, indicating strong growth resilience [1] - The Sci-Tech Innovation New Energy ETF (588830) rose by 1.97%, with the latest price reported at 1.5 yuan [1] Group 2 - Dongwu Securities indicates that silicon material prices hit bottom in Q2 2025, with significant profit pressure; however, profitability is expected to turn positive in H2 2025 as industry competition drives prices up [2] - The silicon wafer market is experiencing oversupply, leading to competitive pricing; profitability is anticipated to improve in H2 2025 and into 2026 due to capacity consolidation and industry competition [2] - The overall price of components has entered a bottom range, with expectations for price recovery in Q2 2025 driven by installation surges and improved financial reporting [2] Group 3 - As of August 29, 2025, the top ten weighted stocks in the Shanghai Stock Exchange Sci-Tech Innovation Board New Energy Index include JinkoSolar (688223), Trina Solar (688599), and Daqo New Energy (688303), collectively accounting for 48.15% of the index [3] - The Sci-Tech Innovation New Energy ETF (588830) closely tracks the performance of the New Energy Index, which includes 50 large-cap stocks in the photovoltaic, wind power, and new energy vehicle sectors [2][3]

Investment Rating - The report maintains a "Strong Buy" investment rating for the company [1][3]. Core Views - The company is a leading player in the lithium battery copper foil industry, with a strong market share and robust R&D capabilities. The industry is beginning to recover, and the company is expected to see good profit elasticity in its main business over the next few years [1][7]. - The company has invested 500 million yuan to acquire a 13.59% stake in Wuhan Endatong, a high-speed optical module manufacturer, which is expected to experience strong growth in the future [1][7]. Financial Data and Valuation - Total revenue is projected to grow from 4,969 million yuan in 2023 to 11,636 million yuan in 2027, with a CAGR of approximately 14% [2]. - The company is expected to recover from a significant loss in 2024, with a forecasted net profit of 528 million yuan by 2027 [2]. - The company’s earnings per share (EPS) is expected to improve from -0.56 yuan in 2024 to 1.24 yuan in 2027 [2]. Company Overview - The company has been in the lithium battery copper foil manufacturing sector for over 20 years, focusing on high-performance products and maintaining a strong customer base, including partnerships with major players like CATL [7][14]. - In the first half of 2025, the company achieved a significant recovery, with a net profit of 37 million yuan, compared to a loss in the previous year [20][23]. Competitive Strengths - The company has a strong competitive edge due to its advanced technology and product offerings, including ultra-thin and high-strength copper foils [32][37]. - The company has established long-term relationships with leading battery manufacturers, which enhances its market position [45][49]. Industry Outlook - The lithium battery copper foil industry is experiencing a recovery after a challenging period, with an expected increase in processing fees for high-end products [50][55]. - The overall market remains fragmented, with a low concentration of major players, indicating potential for growth and consolidation in the future [50][53].

Core Insights - On September 10, 2023, Jiayuan Technology (688388) closed at 34.20 CNY, reaching the daily limit with a trading volume of 2.751 billion CNY and a turnover rate of 19.46% [2][3] - The stock was the only one to be listed on the daily trading leaderboard due to a price increase of 15% [2] Trading Activity - The top five trading departments accounted for a total transaction of 748 million CNY, with a net buying amount of 173 million CNY [2] - The largest buying department was the Shanghai Stock Connect, with a purchase amount of 194.46 million CNY, while the largest selling department was also the Shanghai Stock Connect, with a selling amount of 86.81 million CNY [3] - Overall, institutional proprietary seats had a net selling of 11.67 million CNY, while the Shanghai Stock Connect had a net buying of 108 million CNY [2][3] Fund Flow - The stock experienced a net inflow of 196 million CNY from main funds throughout the day [3]