西安瑞联新材料股份有限公司 章程 西安瑞联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》(下称《公司法》)、《中华人民 | | | 共和国证券法》(下称《证券法》)和其他有关规定，制订本章程。 | | 第二条 | 西安瑞联新材料股份有限公司(下称"公司""上市公司")系依照《公 | | | 司法》《证券法》和其他有关规定成立的股份有限公司。 | | | 公司系由原西安瑞联近代电子材料有限责任公司整体变更成立的股 | | | 份有限公司，在西安市市场监督管理局注册登记，取得企业法人营业 | | | 执照，统一社会信用代码 91610131628053714D。 | | 第三条 | 公司于 2020 年 7 月 28 日经中国证券监督管理委员会同意注册，首次 | | | 向社会公众发行人民币普通股 万股。于 年 月 日在上 1,755 2020 9 2 | | | 海证券交易所(下称"证券交易所")上市。 | | 第四条 | 公司注册名称： | | | 中文全称：西安瑞联新 ...

西安瑞联新材料股份有限公司 董事会薪酬与考核委员会工作细则 西安瑞联新材料股份有限公司 董事会薪酬与考核委员会工作细则 第 1 页 共 4 页 第一条 为进一步建立健全西安瑞联新材料股份有限公司(以下简称"公司")董事及 高级管理人员的考核和薪酬管理制度，完善公司治理结构，根据《中华人民 共和国公司法》《上市公司治理准则》《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》、 《西安瑞联新材料股份有限公司章程》(以下简称《公司章程》)及其他有关 规定，公司特设立董事会薪酬与考核委员会，并制定本细则。 第二条 薪酬与考核委员会是董事会按照股东会决议设立的专门工作机构，主要负责 制定公司董事及高级管理人员的考核方案并进行考核；负责制定、审查公司 董事及高级管理人员的薪酬政策与方案，对董事会负责。 第三条 本细则所称董事是指在本公司支取薪酬的董事长、董事，高级管理人员是指 由董事会聘任的总经理、副总经理、董事会秘书、财务负责人及由总经理提 请董事会认定的其他高级管理人员以及实际履行上述职务的人员。 第四条 薪酬与考核委员会成员由三名董事组成，其中独立董事应当占多数 ...

西安瑞联新材料股份有限公司 董事会提名委员会工作细则 西安瑞联新材料股份有限公司 董事会提名委员会工作细则 第一章 总 则 第二章 人员组成 第三章 职责权限 第 1 页 共 4 页 第一条 为规范西安瑞联新材料股份有限公司(以下简称"公司")董事及由董事会聘任 的公司高级管理人员的甄选，完善公司治理结构，根据《中华人民共和国公司 法》《上市公司章程指引》《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》《西安瑞联新材 料股份有限公司章程》(以下简称《公司章程》)，并参照《上市公司治理准则》 的规定，公司设立董事会提名委员会，并制定本工作细则。 第二条 提名委员会是董事会按照股东会决议设立的专业工作机构，主要负责对公司董 事及由董事会聘任的高级管理人员的选择标准和程序提出建议，并审查董事和 高级管理人员的任职资格。提名委员会对董事会负责。 第三条 本细则所称董事是指包括独立董事在内的由股东会选举产生的全体董事，不包 括职工代表董事；本细则所称高级管理人员是指由董事会聘任的总经理、副总 经理、董事会秘书、财务负责人及由总经理提请董事会认定的其他高级管理人 员 ...

瑞联新材公告，公司于2025年7月28日召开第三届董事会2025年第二次临时会议、第三届监事会2025年 第二次临时会议，审议通过了《关于终止部分募集资金投资项目的议案》，同意公司终止渭南瑞联制药 有限责任公司原料药项目。截至2025年6月30日，原料药项目累计投入募集资金1.79亿元，项目已签订 合同待支付尾款金额共计611.07万元，剩余募集资金2.16亿元仍将存放于原募集资金专用账户并按照公 司相关管理规定做好募集资金管理。未来公司将尽快寻找盈利能力较强且有发展前景的新项目，合理使 用剩余的募集资金，并严格按照募集资金使用的监管要求履行相关审议程序并及时披露，以保证募集资 金的安全和有效利用。 ...

Investment Rating - The report maintains a positive outlook on the pesticide industry, suggesting a "Buy" rating for key companies such as Yangnong Chemical, Lier Chemical, and Runfeng Shares [3][20]. Core Insights - The pesticide industry is experiencing a recovery due to the "Zhengfeng Zhijuan" initiative aimed at regulating the market, which has led to price increases for key products like fluorocarbon herbicides [3][4]. - The report highlights the impact of maintenance shutdowns at major production facilities, such as Wanhua's Hungarian plant, which may lead to supply shortages and price increases in the TDI market [3][4]. - The report emphasizes the potential for improved industry dynamics through the elimination of outdated production capacity, as indicated by government initiatives targeting key sectors [3][4]. Summary by Sections Industry Dynamics - Current macroeconomic conditions indicate a stable global GDP growth of 2.8%, with oil demand expected to rise despite some slowdown due to tariffs [4]. - The report notes that coal prices are expected to decline in the medium to long term, alleviating pressure on downstream industries [4]. Chemical Prices - Recent price movements include a 15% increase in the price of Lier Chemical's fluorocarbon herbicide and a similar rise for Zhongqi Shares [3][11]. - The report mentions that the price of TDI is expected to rise due to low global inventory levels and potential supply disruptions from maintenance activities [3][4]. Investment Recommendations - The report suggests focusing on traditional cyclical stocks and specific sectors such as coal chemical, real estate chain, and agricultural chemicals, highlighting companies like Wanhua Chemical and Hualu Hengsheng [3][20]. - Growth stocks with recovery potential are identified, including semiconductor materials and OLED panel materials, with specific companies recommended for investment [3][20].

Core Viewpoint - The new materials industry is a rapidly growing sector with significant potential, driven by advancements in technology and increasing demand across various applications, including semiconductors, displays, and renewable energy [2][16]. Semiconductor Industry - The global semiconductor market reached $595 billion in 2021, with a projected growth to $790 billion by 2026, reflecting a compound annual growth rate (CAGR) of 6% [4][21]. - China's semiconductor materials market was valued at $119 billion in 2021, growing by 22.2% year-on-year, indicating a significant increase in domestic demand [36][41]. - The semiconductor materials market is characterized by high import dependency, particularly for critical materials like electronic gases and photoresists, presenting substantial opportunities for domestic production [5][41]. Display Materials - The global OLED materials market is expected to grow from approximately $900 million in 2019 to about $2.6 billion by 2024, with a CAGR of 23.6% [6]. - Key players in the display materials sector include Wanrun and Ruile New Materials, which are leading suppliers of LCD and OLED materials [6][20]. New Energy Materials - The new energy sector is experiencing rapid growth, with significant opportunities in battery materials such as composite copper foil, conductive carbon black, and sodium-ion battery materials [8][20]. - The market for photovoltaic materials, including reflective films and adhesives, is also expanding, driven by increasing demand for solar energy solutions [8][20]. Environmental Materials - Traditional chemical applications are witnessing upgrades and replacement opportunities, particularly in areas like molecular sieves and lubricating oil additives, where domestic companies are beginning to gain market share [10][11][19]. Policy and Market Dynamics - The Chinese government is emphasizing material self-sufficiency and has implemented policies to support the development of the new materials industry, particularly in response to international trade tensions [16][19]. - The market outlook for new materials remains positive, with projections indicating that China's new materials industry could reach a total output value of 10 trillion yuan by 2025 [2][15].

Investment Rating - The report maintains a positive outlook on the chemical industry, with specific buy and hold recommendations for various companies [2][20]. Core Insights - The report highlights the closure of Dow's organic silicon production capacity in Barry, UK, which is expected to increase domestic export demand and support the upstream industrial silicon costs, indicating a potential reversal in the organic silicon industry [4][5]. - The demand for high-end AI PCBs is projected to surge due to the continuous growth in computing power requirements, driven by GPU, ASIC, and 800G switch technologies [4]. - The report notes that the recent tariff announcements from the US on imports from Southeast Asia are lower than expected, stabilizing pessimistic market sentiments [4]. Industry Dynamics - The macroeconomic outlook for the chemical industry indicates a significant increase in oil supply led by non-OPEC countries, with a stable global GDP growth rate of 2.8% [5]. - The report mentions that coal prices are expected to decline in the medium to long term, alleviating pressure on downstream sectors [5]. - Natural gas exports from the US are anticipated to accelerate, potentially lowering import costs [5]. Company Recommendations - Companies to watch in the organic silicon sector include Dongyue Silicon Materials, Xin'an Chemical, and Xingfa Group [4]. - In the PCB sector, recommended companies include Shengquan Group, Dongcai Technology, Lianrui New Materials, Yake Technology, Tiancheng Technology, and Jiuri New Materials [4]. - For traditional cyclical stocks, the report suggests focusing on leading companies in various segments such as Wanhu Chemical, Hualu Hengsheng, and Baofeng Energy [4]. Price Trends - The report provides specific price movements for various chemical products, such as PTA prices decreasing by 2.8% to 4715 RMB/ton, while MEG prices increased by 0.7% to 4409 RMB/ton [11]. - Urea prices rose by 2.9% to 1800 RMB/ton, while phosphate prices remained stable [12]. - The report notes that the price of DMC increased by 1.9% to 11000 RMB/ton, indicating a recovery in the organic silicon market [15].

上市首日，瑞联新材盘中最高价报148.00元，为该股上市以来最高价。该股目前处于破发状态。 瑞联新材2022年6月13日披露2021年年度权益分派实施公告，根据公司2021年年度股东大会审议通过的 《关于2021年度利润分配预案及资本公积转增股本方案的议案》，公司以实施权益分派的股权登记日登 记的总股本扣减公司回购专用证券账户中股份为基数，向公司全体股东每10股派发现金红利17.00元(含 税)，同时以资本公积向全体股东每10股转增4股。截至公告披露日，公司总股本为70,181,579股，扣减 公司回购专用证券账户中的447,070股，本次实际参与分配的股本数为69,734,509股，共计派发现金红利 118,548,665.30元(含税)，转增27,893,804股，本次转增后公司总股本为98,075,383股。 瑞联新材首次公开发行股票募集资金总额为19.96亿元，扣除发行费用后，募集资金净额为18.44亿元。 瑞联新材最终募集资金净额较原计划多7.92亿元。瑞联新材于2020年8月26日发布的招股说明书显示， 该公司计划募集资金10.52亿元，分别用于OLED及其他功能材料生产项目、高端液晶显示材料生产 ...

Group 1 - Aishuo Co., Ltd. expects a net loss of 170 million to 280 million yuan for the first half of 2025, with a net loss of 410 million to 520 million yuan after excluding non-recurring gains and losses [1] - Changcheng Military Industry anticipates a net loss of 25 million to 29.5 million yuan for the first half of 2025, with a net loss of 35 million to 41 million yuan after excluding non-recurring gains and losses [1] - Changyuan Donggu expects a net profit of 155 million to 180 million yuan for the first half of 2025, representing a year-on-year increase of 62.65% to 88.88% [1] Group 2 - Beifang Navigation forecasts a net profit of 105 million to 120 million yuan for the first half of 2025, turning around from a loss of 74.2168 million yuan in the same period last year [3] - Xizi Clean Energy expects a net profit of 130 million to 180 million yuan for the first half of 2025, a decrease of 47.40% to 62.01% compared to the same period last year [4] - Tianbao Infrastructure anticipates a net profit of 90 million to 130 million yuan for the first half of 2025, representing a year-on-year increase of 1581.80% to 2329.27% [4] Group 3 - Taiping Bird expects a net profit of approximately 77.7 million yuan for the first half of 2025, a decrease of about 55% compared to the same period last year [6] - Xibu Chuangye forecasts a net profit of approximately 295 million yuan for the first half of 2025, an increase of 88.99% compared to the same period last year [8] - Zhengbang Technology expects a net profit of 190 million to 210 million yuan for the first half of 2025, a year-on-year increase of 249.03% to 264.72% [9] Group 4 - Songzhi Co., Ltd. anticipates a net profit of 140 million to 170 million yuan for the first half of 2025, representing a year-on-year increase of 53.58% to 86.49% [10] - Hailide expects a net profit of 280 million to 310 million yuan for the first half of 2025, a year-on-year increase of 47.65% to 63.47% [12] - Chenhua Co., Ltd. forecasts a net profit of 48.8176 million to 56.6284 million yuan for the first half of 2025, a year-on-year increase of 25% to 45% [13] Group 5 - Yuanlin Co., Ltd. expects a net loss of 68 million to 92 million yuan for the first half of 2025, with a net loss of 70 million to 95 million yuan after excluding non-recurring gains and losses [14] - Chuanhua Zhili anticipates a net profit of 500 million to 550 million yuan for the first half of 2025, representing a year-on-year increase of 72.78% to 90.06% [15] - Longyuan Technology expects a net profit of 26 million to 31 million yuan for the first half of 2025, a year-on-year increase of 116.61% to 158.26% [17] Group 6 - Jiangshan Co., Ltd. forecasts a net profit of 300 million to 360 million yuan for the first half of 2025, a year-on-year increase of 75.65% to 110.78% [32] - Ganli Pharmaceutical expects a net profit of 600 million to 640 million yuan for the first half of 2025, a year-on-year increase of 100.73% to 114.12% [33] - Zhongyan Chemical's subsidiary signed a 6.809 billion yuan mining rights transfer contract [35]

Group 1 - The company expects to achieve an operating income of 806.24 million yuan for the first half of 2025, an increase of 112.80 million yuan, representing a year-on-year growth of 16.27% [1] - The projected net profit attributable to the parent company for the first half of 2025 is 161.99 million yuan, an increase of 66.66 million yuan, with a year-on-year growth of 69.93% [1] - Excluding the impact of share-based payment expenses, the expected net profit attributable to the parent company is 178.23 million yuan, an increase of 80.25 million yuan, reflecting a year-on-year growth of 81.91% [1] Group 2 - The expected net profit attributable to the parent company after deducting non-recurring gains and losses is projected to be 157.43 million yuan, an increase of 70.03 million yuan, with a year-on-year growth of 80.12% [2] - Excluding the impact of share-based payment expenses, the expected net profit after deducting non-recurring gains and losses is 173.66 million yuan, an increase of 83.62 million yuan, indicating a year-on-year growth of 92.86% [2] - The overall gross profit margin of the company has further improved, and the company continues to strengthen cost control and enhance profitability [2]