证券代码：000420 证券简称：吉林化纤 公告编号：2025-55 一、会议审议了以下议案： 1.审议通过了《补选第十一届董事会专业委员会委员》的议案； 吉林化纤股份有限公司 第十一届董事会第五次会议决议公告 本公司及全体董事、高级管理人员保证公告内容真实、准确和完整，并对公告中的 虚假记载、误导性陈述或者重大遗漏承担责任。 吉林化纤股份有限公司（以下简称"公司"）第十一届董事会第五次会议通知于 2025 年 12 月 4 日以通讯方式送达，会议于 2025 年 12 月 8 日下午 3:30 在公司二楼会议室召 开，会议由董事长宋德武先生主持，应参加会议董事 11 人，实际参会董事 11 人。本次 会议召开程序符合《公司法》和《公司章程》的规定。 根据《公司法》《公司章程》和董事会各专业委员会委员的工作细则的有关规定及候 选人的专业背景及各自擅长的领域，补选祝成炎先生为公司第十一届董事会薪酬与考核 委员会主任委员、审计委员会委员。 二、备查文件 《第十一届董事会第五次会议决议》 特此公告。 2025 年 12 月 8 日 吉林化纤股份有限公司董事会 ...

Core Viewpoint - The report highlights the current state and future investment prospects of the chemical fiber industry in China, indicating a mixed performance in export values for 2025 [1] Industry Summary - In October 2025, the total export value of China's chemical fiber manufacturing industry was 5.3 billion, showing a year-on-year decline of 8.2% [1] - Cumulatively, from January to October 2025, the export value reached 58.44 billion, reflecting a year-on-year growth of 3.8% [1] - The report is based on data from the National Bureau of Statistics and is compiled by Zhiyan Consulting, a leading industry research institution in China [1]

Core Insights - The article emphasizes the strategic importance of new materials in the context of global technological competition and industrial chain restructuring, highlighting the need for domestic innovation to reduce reliance on foreign technologies [2][4]. Semiconductor Wafer Manufacturing Materials - The global photoresist market is projected to reach approximately $15 billion by 2030, with a current domestic market size of about 12 billion RMB, indicating significant growth potential [7]. - The domestic photoresist localization rate is around 10%, with high-end products heavily reliant on imports [7]. - Major foreign players in the photoresist market include Tokyo Ohka Kogyo, Dow Chemical, and Sumitomo Chemical, which dominate the market shares [8]. - Domestic companies such as Beijing Kehua and Suzhou Ruihong are making strides in production, but high-end products still face challenges [9]. Advanced Packaging Materials - The global market for high-performance epoxy encapsulants is expected to grow to $3.5 billion by 2030, with a current domestic market size of 4 billion RMB [39]. - The localization rate for epoxy encapsulants is around 30%, with high-end products still dependent on imports [39]. - Key foreign companies include Sumitomo Bakelite and Henkel, while domestic players include Hengshuo Huawai and Jiangsu Zhongpeng New Materials [40]. Semiconductor Components - The global market for electrostatic chucks is projected to reach $2.5 billion by 2030, with a current domestic market size of 2 billion RMB [56]. - The localization rate for electrostatic chucks is approximately 10%, with high-end products largely dominated by foreign manufacturers [56]. - Major foreign companies include Applied Materials and Lam Research, while domestic companies are beginning to emerge [57]. Display Materials - The global OLED materials market is expected to exceed $10 billion by 2030, with a current domestic market size of about 8 billion RMB [64]. - The localization rate for OLED materials is around 20%, with high-end materials still reliant on foreign sources [65].

Core Insights - The article discusses the advancements and competitive positioning of several companies in the carbon fiber industry, highlighting their innovations, production capabilities, and strategic initiatives to capture market opportunities. Group 1: Company Innovations and Achievements - Guangwei Composite Materials (300699.SZ) is recognized as a pioneer in domestic carbon fiber localization, achieving industrialization with a focus on high strength, high modulus, and low cost, and has accumulated 931 intellectual property certificates by 2024 [1][4] - Jinggong Technology (002006.SZ) has developed a thousand-ton-level carbon fiber production line, becoming the first company in China to achieve this milestone, with its technology being at an internationally advanced level [5] - Zhongfu Shenying (688295.SH) focuses on high-performance carbon fiber innovation, with a research and development investment of 190 million yuan in 2024, and has received 107 authorized patents, showcasing its commitment to technological advancement [6] Group 2: Market Positioning and Strategic Initiatives - Jilin Chemical Fiber (000420.SZ) leverages its large tow capacity to enhance carbon fiber quality and reduce costs, aiming for an integrated innovation approach across the entire supply chain from precursor to end products [6][7] - Hengshen Co., Ltd. (832397) has established a vertical carbon fiber industry chain, enabling strong cost control and quality assurance, while also expanding into emerging markets such as e-VTOL and achieving significant overseas market growth [7]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Insights - The company reported a revenue of approximately 4.019 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 44%. However, the net profit attributable to shareholders was about 33 million yuan, a decrease of 47% year-on-year, with the non-recurring net profit also declining by 47% [5][6]. - In Q3 2025, the revenue was approximately 1.384 billion yuan, showing a year-on-year growth of 35% but a quarter-on-quarter decline of 3%. The net profit attributable to shareholders was about 11 million yuan, down 52% year-on-year and 23% quarter-on-quarter, with the non-recurring net profit decreasing by 59% year-on-year and 29% quarter-on-quarter [5][6]. Summary by Sections Financial Performance - For the first three quarters of 2025, the gross profit margin was approximately 10.9%, a decrease of 5.1 percentage points year-on-year. In Q3 2025, the gross profit margin was about 9.3%, down 7.1 percentage points year-on-year. This decline is primarily due to the increased proportion of low-margin viscose short fibers [12]. - The company’s expense ratio for the first three quarters was approximately 8.2%, a decrease of 3.4 percentage points year-on-year. The expense ratios for sales, management, R&D, and financial expenses all saw year-on-year declines [12]. Industry Dynamics - The carbon fiber industry is experiencing a recovery in demand, with significant sales growth. The industry’s capacity utilization rate has increased from approximately 48% to 62% since March, indicating a recovery in production levels [12]. - The potential supply in the carbon fiber industry remains high, but the introduction of policies to curb disorderly production may benefit the mid-term market structure. The long-term growth of carbon fiber is supported by increasing penetration in wind energy and automotive industries [12]. Profit Forecast - The company’s projected net profits for 2025, 2026, and 2027 are estimated to be 60 million, 160 million, and 220 million yuan, respectively, corresponding to PE ratios of 176, 60, and 44 times. The potential recovery in carbon fiber prices could enhance profitability [12].

Group 1 - The company announced the resignation of independent director Xu Lianghua due to work reasons, effective immediately [2] - The board of directors has nominated Lin Gang as the candidate for the independent director position to replace Xu Lianghua [2] - The decision was made during the fourth meeting of the eleventh board of directors held on November 21, 2025 [2]

Group 1 - Jilin Chemical Fiber announced the convening of its 11th fourth board meeting on November 21, 2025, to discuss the proposal for the reappointment of the accounting firm [1] - The meeting took place in the company's second-floor conference room [1] Group 2 - The article highlights the importance of AI in empowering various industries while also considering its impact on employment and income polarization [1] - An interview with Huang Qunhui emphasizes the dual focus on AI's benefits and its potential risks [1]

吉林化纤股份有限公司 独立董事候选人声明与承诺 声明人林刚作为吉林化纤股份有限公司第 11 届董事会独立董事候选人，已充分了解并同意由提名人吉林化纤股份 有限公司董事会提名为吉林化纤股份有限公司（以下简称该公司）第 11 届董事会独立董事候选人。现公开声明和保证， 本人与该公司之间不存在任何影响本人独立性的关系，且符合相关法律、行政法规、部门规章、规范性文件和深圳证 券交易所业务规则对独立董事候选人任职资格及独立性的要求，具体声明并承诺如下事项： 一、本人已经通过吉林化纤股份有限公司第 11 届董事会提名委员会或者独立董事专门会议资格审查，提名人与本人不 存在利害关系或者其他可能影响独立履职情形的密切关系。 √是 □否 五、本人已经参加培训并取得证券交易所认可的相关培训证明材料（如有）。 □是 √否 如否，请详细说明： 本人承诺如通过股东会选举当选为公司独立董事，将参加最近一次独立董事培训并取得深圳证券交易所认可的独立 董事资格证书。 六、本人担任独立董事不会违反《中华人民共和国公务员法》的相关规定。 √是 □否 七、本人担任独立董事不会违反中共中央纪委《关于规范中管干部辞去公职或者退（离）休后担任上市公司、 ...

徐樑华先生担任公司独立董事期间勤勉尽责，为公司的规范运作和健康发展发挥了 积极作用，公司董事会对徐樑华先生任职期间为公司及董事会所作出的贡献表示衷心的 感谢。 证券代码：000420 证券简称：吉林化纤 公告编号：2025-51 吉林化纤股份有限公司 关于独立董事离任暨补选独立董事的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 吉林化纤股份有限公司（以下简称"公司"）于2025年11月21日召开第十一届董事 会第四次会议审议通过了《关于独立董事离任暨补选独立董事的议案》。现将相关事项 公告如下： 一、独立董事离任情况 公司董事会近日收到公司独立董事徐樑华先生提交的书面辞职报告。徐樑华先生因 工作原因向公司董事会提出辞职申请，请求辞去公司独立董事职务，徐樑华先生辞职后 将不在公司担任任何职务。徐樑华先生的原定任职期间为2025年8月18日至2028年8月17 日。截至本公告日，徐樑华先生未持有公司股份，不存在未履行完毕的公开承诺。 根据相关法律法规的规定，徐樑华先生的辞职报告将在公司股东会选举产生新的独 立董事后生效，在公司补选新任独立董事之前，徐樑华先 ...

吉林化纤股份有限公司 独立董事提名人声明与承诺 提名人吉林化纤股份有限公司董事会现就提名林刚为吉林化纤股份有限公司第 11 届董事会独立董事候选人发表 公开声明。被提名人已书面同意作为吉林化纤股份有限公司第 11 届董事会独立董事候选人（参见该独立董事候选人 声明）。本次提名是在充分了解被提名人职业、学历、职称、详细的工作经历、全部兼职、有无重大失信等不良记录 等情况后作出的，本提名人认为被提名人符合相关法律、行政法规、部门规章、规范性文件和深圳证券交易所业务规 则对独立董事候选人任职资格及独立性的要求，具体声明并承诺如下事项： 一、被提名人已经通过吉林化纤股份有限公司第 11 届董事会提名委员会或者独立董事专门会议资格审查，提名人与 被提名人不存在利害关系或者其他可能影响独立履职情形的密切关系。 √是 □否 二、被提名人不存在《中华人民共和国公司法》第一百七十八条等规定不得担任公司董事的情形。 三、被提名人符合中国证监会《上市公司独立董事管理办法》和深圳证券交易所业务规则规定的独立董事任职资格和 条件。 √是 □否 四、被提名人符合公司章程规定的独立董事任职条件。 √是 □否 五、被提名人已经参加培训并取得 ...