2025 年 07 月 常州聚和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 | 2 | | --- | --- | --- | | 2025 | 年第二次临时股东会会议议程 | 4 | | 2025 | 年第二次临时股东会会议议案 | 6 | | | 议案一：关于开展金融衍生品交易业务的议案 | 6 | 证券代码：688503 证券简称：聚和材料 常州聚和新材料股份有限公司 2025 年第二次临时股东会会议资料 1 常州聚和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，确保常州聚和新材料股份有限公司（以下简 称"公司"）股东会的正常秩序和议事效率，保证股东会的顺利进行，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《常州聚和新材料股 份有限公司章程》（以下简称"《公司章程》"）《常州聚和新材料股份有限公 司股东会议事规则》等相关规定，特制定 2025 年第二次临时股东会参会须知： 一、为确认出席会议的股东或其代理人或其他 ...

电新行业2025Q2前瞻及策略展望 长江证券研究所电力设备与新能源研究小组 2025-07-15 %% %% %% %% research.95579.com 1 证券研究报告 • 证券研究报告 • 评级 看好 维持 分析师及联系人 | 分析师 邬博华 | 分析师 曹海花 | 分析师 司鸿历 | 分析师 叶之楠 | | --- | --- | --- | --- | | SAC执业证书编号：S0490514040001 | SAC执业证书编号：S0490522030001 | SAC执业证书编号：S0490520080002 | SAC执业证书编号：S0490520090003 | | SFC执业证书编号：BQK482 | | SFC执业证书编号：BUD284 | | | 分析师 袁澎 | 分析师 王耀 | 分析师 任佳惠 | 分析师 周圣钧 | | SAC执业证书编号：S0490524010001 | SAC执业证书编号：S0490524120006 | SAC执业证书编号：S0490524070005 | SAC执业证书编号：S0490524120003 | %% %% %% %% research.95 ...

证券代码：688503 证券简称：聚和材料 公告编号：2025-033 常州聚和新材料股份有限公司 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： ? 股东会召开日期：2025年7月29日 ? 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 一、 召开会议的基本情况 （一） 股东会类型和届次 （二） 股东会召集人：董事会 （三） 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 7 月 29 日 14 点 30 分 召开地点：常州市新北区浏阳河路 66 号公司会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 7 月 29 日 本次股东会审议议案及投票股东类型 投票股东类型 序号 议案名称 至2025 年 7 月 29 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9 ...

常州聚和新材料股份有限公司（以下简称"公司"）股东陈耀民直接持有公 司股份18,574,365股，占公司总股本比例为7.67%。本次质押后，公司股东陈耀民 累计质押公司股份11,700,000股，占其持股总比例为62.99%，占公司总股本的 一、本次股份质押基本情况 公司于近日接到公司股东陈耀民通知，获悉其所持有公司的部分股份进行质 押，具体事项如下： | | | | | | | | | | 占其所 | | 占公司 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 是否为 | | | 是否 | 是否 | | | | | | | | | | | 股东 | | 本次质押 | | | | | 质押起 | | 质押到期 | | 持股份 | 总股 | | | | 本 | 质押融资 | | | | | | | | | | | | | | | | 控股股 | | | 为限 | 补充 | | | | 质权人 | | | | | | | 名称 | | 股数（股） | | ...

Core Viewpoint - The company intends to engage in silver futures and options trading to hedge against significant price fluctuations of silver, which is a key raw material for its operations [1][2][4]. Group 1: Trading Purpose - The primary purpose of the trading is to mitigate the adverse effects of silver price volatility on the company's operations, ensuring stable performance and enhancing financial robustness [2][4]. - The trading will be based on actual operational needs, focusing on hedging rather than speculative activities [2][4]. Group 2: Trading Amount and Duration - The company plans to utilize its own funds for the trading activities, with a maximum trading margin and premium cap of 400 million RMB, and a maximum contract value of 2.5 billion RMB on any trading day [1][3]. - The approved trading limits will be valid for twelve months from the date of shareholder approval and can be used in a rolling manner [1][3]. Group 3: Trading Types and Funding Sources - The trading types will primarily include silver futures and options contracts [3]. - The funding for these trading activities will come solely from the company's own funds, with no involvement of raised funds [3]. Group 4: Approval Process - The proposal for engaging in financial derivatives trading was approved during the fourth board meeting held on July 9, 2025, and is subject to further approval by the shareholders [3][5]. Group 5: Risk Analysis and Control Measures - The company acknowledges potential risks associated with the trading, including market, operational, and default risks, and emphasizes that all trading will adhere to legal, prudent, and effective principles [2][4]. - Risk control measures include strict adherence to trading limits, internal audits, and a clear management structure to prevent unauthorized trading activities [4][5]. Group 6: Impact on the Company - The trading activities are expected to stabilize the company's operational performance by locking in costs and reducing risks associated with raw material price fluctuations [4][6]. - The company has established a specific operational process for financial derivatives trading, ensuring compliance with relevant regulations [6][7].

证券代码：688503 证券简称：聚和材料 公告编号：2025-032 常州聚和新材料股份有限公司 第四届董事会第七次会议决议公告 属期的个人层面归属比例为50%，因此，同意作废其已获授但尚未归属的限制性 股票合计0.21万股。综上，本次作废2024年限制性股票激励计划限制性股票共计 3.91万股。 根据公司2024年第二次临时股东大会的授权，本次作废部分已授予但尚未归 属的限制性股票事项无需提交股东会审议。 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。 一、董事会会议召开情况 常州聚和新材料股份有限公司（以下简称"公司"）第四届董事会第七次会 议（以下简称"本次会议"）于2025年07月09日在公司会议室以现场与通讯相结 合的方式召开。本次会议通知于2025年07月04日以邮件方式发出。本次会议由董 事长刘海东先生召集并主持，会议应出席本次会议的董事9人，实际出席的董事9 人，公司全体高级管理人员列席了本次会议。本次会议的召集、召开程序均符合 《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》 ...

Core Viewpoint - The company intends to engage in financial derivatives trading to hedge against the volatility of silver prices, which are crucial for its operations, thereby stabilizing its financial performance and enhancing competitiveness [1][5]. Summary by Sections Transaction Overview - The primary purpose of the trading is to mitigate the adverse effects of significant fluctuations in silver prices on the company's operations, ensuring stable performance and financial health [1]. - The company plans to utilize a maximum of 400 million RMB for trading margins and premiums, with a maximum contract value of 2.5 billion RMB on any trading day, valid for 12 months from shareholder approval [1][2]. - The trading will be conducted using the company's own funds, with no involvement of raised funds [2]. Review Procedures - The board of directors approved the proposal for financial derivatives trading on July 9, 2025, and authorized the management to execute specific operational plans within the approved limits [2]. Risk Analysis and Control Measures - The company acknowledges potential risks in derivatives trading, including market price discrepancies and liquidity risks, but emphasizes a non-speculative approach [3][4]. - Risk control measures include strict adherence to operational principles, ensuring that trading activities align with actual business needs, and implementing a clear internal audit and supervision mechanism [4][5]. Impact on the Company - Engaging in silver futures and options trading is deemed necessary to counteract the impact of raw material price volatility on the company's performance, thereby enhancing competitiveness [5][6]. - The company has established a management system for securities investment and derivatives trading, ensuring compliance with relevant regulations and effective risk management [6]. Sponsor's Verification Opinion - The sponsor believes that the proposed derivatives trading aligns with the company's operational needs and can mitigate the impact of raw material price fluctuations on performance, with adequate risk control measures in place [6].

Core Viewpoint - The announcement details the first vesting period of the 2024 restricted stock incentive plan for Changzhou Juhe New Materials Co., Ltd, confirming that 1.2715 million shares will vest for 142 eligible participants based on performance criteria [1][10][21] Group 1: Incentive Plan Overview - The total number of restricted shares to be granted under the incentive plan is 3.8 million, accounting for approximately 1.57% of the company's total share capital [1] - The first grant consists of 3.586 million shares, representing about 1.48% of the total share capital at the time of the announcement [1] - The vesting schedule includes three periods: 40% after 12 months, 30% after 24 months, and 30% after 36 months [1][2] Group 2: Performance Assessment Criteria - The performance assessment for the first vesting period requires a revenue growth rate of at least 20% based on 2023 figures [2][3] - The second and third vesting periods have higher targets of 44% and 72.8% revenue growth, respectively [3] - The assessment will also consider the growth rate of photovoltaic conductive silver paste shipments, with similar percentage targets [2][3] Group 3: Vesting Conditions and Procedures - The board confirmed that the first vesting period conditions have been met, allowing for the vesting of 1.2715 million shares [10][21] - The vesting is contingent upon the company not having any adverse audit opinions or regulatory issues in the past year [11][12] - The company will process the vesting and related share registration according to regulatory guidelines [20] Group 4: Stock Grant Details - The adjusted grant price for the restricted shares is set at 18.33 yuan per share, down from 18.74 yuan due to a rights issue [8][9] - A total of 142 individuals are eligible for the first vesting, with specific performance ratings determining individual share allocation [18][19] - The company has invalidated 38.05 thousand shares due to the departure of certain participants [9][15]

Core Viewpoint - The company has adjusted the grant price of its 2024 restricted stock incentive plan from 18.74 yuan per share to 18.33 yuan per share due to the completion of its annual equity distribution for 2024 [1][6][7]. Summary by Sections Adjustment of Grant Price - The grant price for the restricted stock incentive plan has been revised to 18.33 yuan per share, reflecting a decrease from the previous price of 18.74 yuan per share [1][7]. - This adjustment is in accordance with the company's 2024 annual equity distribution, which involved a cash dividend of 4.3447 yuan per 10 shares [6]. Decision-Making Process - The adjustment was approved during the seventh meeting of the fourth board of directors held on July 9, 2025, following the necessary decision-making procedures [1][4]. - The company’s supervisory board verified the list of incentive recipients and provided relevant opinions on the adjustment [4][5]. Compliance and Legal Opinions - The adjustment complies with the relevant laws and regulations, including the Management Measures for Equity Incentives and the company's incentive plan draft [8]. - The legal opinion confirms that the adjustment does not harm the interests of the company or its shareholders and has received the necessary approvals [8]. Impact on the Company - The adjustment of the grant price will not have a substantial impact on the company's financial status or operational results, and the incentive plan will continue to be implemented as planned [7].

证券代码：688503 证券简称：聚和材料 公告编号：2025-028 常州聚和新材料股份有限公司 关于作废 2024 年限制性股票激励计划 部分限制性股票的公告 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、准确性和完整性依法承担法律责任。 常州聚和新材料股份有限公司（以下简称"公司"）于 2025 年 7 月 9 日召 开的第四届董事会七次会议，审议通过了《关于作废 2024 年限制性股票激励计 划部分限制性股票的议案》。根据《上市公司股权激励管理办法》（以下简称"《管 理办法》"）、《常州聚和新材料股份有限公司 2024 年限制性股票激励计划（草 案）》（以下简称"《激励计划（草案）》"）的相关规定及公司 2024 年第二 次临时股东大会的授权，董事会同意作废公司 2024 年限制性股票激励计划（以 下简称"本次激励计划"）部分限制性股票合计 3.91 万股。现将有关事项说明 如下： 一、本次激励计划已履行的决策程序和信息披露情况 （一）2024 年 6 月 19 日，公司召开第三届董事会第二十三次会议，审议通 过了《关于公司<2024 年限制性股 ...