吉林化纤股份有限公司 2025年第四次临时股东会决议公告 证券代码：000420 证券简称：吉林化纤 公告编号：2025-45 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。 特别提示： 1.本次股东会无否决议案的情形。 2.本次股东会无涉及变更前次股东会决议。 一、会议召开和出席情况 （一）会议召开 1.召开时间： 中小股东出席的总体情况： 中小股东出席会议606人，代表股份15,915,104股，占公司股份总数的0.6473%。 2.公司董事、高级管理人员、部分股东及见证律师参加了会议，会议的召开符合《中 华人民共和国公司法》《股票上市规则》及《公司章程》。 现场会议时间：2025年9月15日（星期一）下午14:00； 网络投票时间：其中，通过深圳证券交易所交易系统网络投票的时间为：2025年9月 15日上午9:15—9:25,9:30—11:30，下午13:00—15:00；通过深圳证券交易所互联网投 票系统网络投票时间为：2025年9月15日上午9:15至下午15:00。 2.召开地点：公司六楼会议室 3.召开方式：本次股东会采取现场投票与网络投票相结 ...

琴明世兴 信德天成 法律意见书 吉林琴 明 # ATT 2025年9月15日 地址：吉林市丰满区万科城四期 6#1 层 004 号 第 1 页 电话：13364443366 规范 | 尽责 | 专业 | 高效 琴明世兴 信德天成 吉林琴明世兴律师事务所 ilin Qinming Law Firm 六十四四四 吉林琴明世兴律师事务所 关于吉林化纤股份有限公司 2025 年第四次临时股东会 关于吉林化纤股份有限公司 2025年第四次临时股东会 法律意见书 琴明世兴法意字(2025) 第 11 号 致:吉林化纤股份有限公司 吉林琴明世兴律师事务所(以下简称"本所")接受吉林化纤股份有限公 司(以下简称"化纤股份")的委托,就公司召开 2025 年第四次临时股东会(以 下简称"本次股东会"）的有关事宜,出具本法律意见书。 本法律意见书依据《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")、中国证券监督管理委员 会《上市公司股东会规则》（以下简称《股东会规则》）等法律、法规、规 范性文件以及《吉林化纤股份有限公司章程》(以下简称"公司章程")的有 关规定而出具。 为出具本法 ...

Core Insights - Jilin Province is focusing on renewable energy development, achieving over 30 million kilowatts of installed capacity, which injects new momentum into its overall revitalization [1][2] - The province's renewable energy sector is benefiting from strong wind and solar resources, with an average annual growth rate of 29% in external electricity delivery over the past three years [2][3] - Jilin's energy transition is accelerating with the production of green chemical products from clean energy, attracting numerous projects and enhancing carbon reduction efforts [3][4] Group 1: Renewable Energy Development - Jilin's renewable energy installed capacity has surpassed 30 million kilowatts, contributing significantly to the province's economic revitalization [1] - The province's first ultra-high voltage transmission line, "Jilin Electricity into Beijing," is part of the national "14th Five-Year" power development plan [2] - The addition of over 12 million kilowatts of new renewable energy capacity in Jilin during the first four years of the "14th Five-Year" plan has exceeded national targets by 33% [2] Group 2: Green Chemical Products - The production of green methanol from renewable energy is underway, with a project in Jilin expected to generate 50,000 tons annually and reduce carbon emissions by approximately 65,000 tons [3] - Jilin has established five major green energy chemical projects, focusing on the large-scale utilization of green electricity for high-value chemical products [3][4] Group 3: Industry Cluster Development - Jilin's renewable energy industry chain is expanding, with significant growth in carbon fiber production for wind energy, achieving a 29% increase in sales revenue [4] - Numerous companies are establishing operations in Jilin, supporting a comprehensive supply chain for wind energy equipment and new energy storage products [4] - The province is becoming a leader in economic development through its renewable energy sector, transforming its wind resources into a continuous driver for high-quality growth [4]

Core Viewpoint - The gas diffusion layer (GDL) industry is closely related to the demand for fuel cells, with significant growth driven by government policies promoting hydrogen fuel cell vehicles in China. The market size of the GDL industry is expected to reach 1.258 billion yuan in 2024, reflecting a year-on-year increase of 52.4% [1][10]. Industry Overview - The gas diffusion layer is a critical component in fuel cells, providing uniform diffusion channels for gaseous reactants and managing water flow [3][4]. - The GDL is primarily composed of materials such as carbon fiber paper and carbon fiber woven fabric, each with distinct performance characteristics under varying humidity conditions [4][6]. Market Size and Growth - The GDL industry in China is projected to grow significantly, with a market size of 1.258 billion yuan in 2024, up 52.4% year-on-year [1][10]. - The carbon fiber production in China is expected to reach 59,044 tons in 2024, marking an 8.2% increase, while the carbon fiber paper market size is anticipated to be 620 million yuan, up 6.9% [6][7]. Competitive Landscape - The GDL market has been historically dominated by foreign companies, with domestic production rates currently below 10%. However, this is expected to improve in the coming years [10][11]. - Key domestic companies in the GDL sector include Carbon Energy Technology Co., Ltd., Shandong Renfeng Special Materials Co., Ltd., and Hunan Jinbo Carbon Co., Ltd. [10][11]. Development Trends - Technological innovation is expected to lead to performance breakthroughs in GDL materials, with advancements in nanotechnology and new low-cost materials enhancing efficiency [15]. - Cost reduction is a critical focus for the GDL industry, with efforts to optimize production processes and supply chains to lower overall costs [15][16]. - The market is anticipated to become more competitive and diversified as new entrants leverage technological advancements and cost control strategies [16].

Group 1 - The 15th China-Northeast Asia Expo was held in Changchun, Jilin from August 27 to 31, showcasing various modern industrial products [1] - Jilin Chemical Fiber (000420) presented a new product, a colorful carbon fiber ski board, aimed at enhancing the skiing experience, which made its debut at the expo [1][2] - The expo featured a modern industrial pavilion for the first time, covering an area of 18,000 square meters and hosting 80 participating companies, including seven Fortune Global 500 companies [4] Group 2 - Changchun Blue Sky Focus Technology Co., Ltd. showcased its manned drone "Yutian" at the expo, attracting significant attention and interest from potential clients, including a proposal for investment in Russia [3][4] - The expo serves as an important platform for open cooperation, facilitating deep integration of supply chains and innovation, thus creating more development opportunities [4] - The event also emphasized the importance of supply chain cooperation, with activities focused on industries such as new energy, health, and automotive technology [4][5]

Group 1 - The 15th China-Northeast Asia Expo was held in Changchun, Jilin from August 27 to 31, showcasing new products from various exhibitors [1][4] - Jilin Chemical Fiber Group presented a new carbon fiber ski board, aiming to enhance the skiing experience and attract market orders during the expo [1][5] - Changchun Blue Sky Focus Technology Co., Ltd. introduced a manned drone named "Yutian Zhe," which received interest from Russian clients for potential investment in Russia [3][5] Group 2 - This year's expo marks the 20th anniversary of the China-Northeast Asia Expo, with significant improvements in exhibition scale and quality compared to previous years [4][5] - The modern industry pavilion, covering 18,000 square meters, features five exhibition areas and includes participation from 80 companies, including seven Fortune Global 500 firms [5] - The expo focuses on supply chain cooperation and aims to promote technological exchanges and project connections in industries such as new energy and health [5]

Core Viewpoint - The carbon fiber industry is showing signs of recovery in the first half of the year, with most companies reporting positive revenue growth after a challenging two years due to supply-demand mismatches and weak downstream demand [1]. Industry Overview - The recovery is attributed to technological breakthroughs and the advancement of large and small tow fibers, leading to a more complete industrial chain [1]. - Rapid release of downstream demand, particularly in the high-value aerospace market and the emerging low-altitude economy represented by eVTOL, is driving growth [1]. - Significant demand for carbon fiber in the wind power sector and the electric vehicle industry is also noted, with carbon fiber structural components and carbon-ceramic brake discs gaining traction [1]. Company Performance - **Zhongjian Technology**: Achieved revenue of 464 million yuan, a year-on-year increase of 59.46%, and net profit of 208 million yuan, up 99.15% [2]. - **Zhongfu Shenying**: Reported revenue of 922 million yuan, a 25.86% increase, with net profit of 11.93 million yuan. Notable sales growth in small tow products and significant increases in the wind power sector [3]. - **Jilin Chemical Fiber**: Revenue of approximately 2.635 billion yuan, a 48.39% increase, with carbon fiber product revenue soaring by 368.31% [3]. - **Guangwei Composites**: Revenue of 1.201 billion yuan, a 3.87% increase, with a notable 47.95% growth in the new energy sector [4]. - **AVIC High-tech**: Revenue of 2.747 billion yuan, a 7.87% increase, focusing on aerospace new materials and advanced manufacturing technologies [4]. - **Shanghai Petrochemical**: Revenue of 39.5 billion yuan, a 9.17% decrease, but plans to enhance carbon fiber production and expand applications in various sectors [4]. - **Jinggong Technology**: Revenue of 1.061 billion yuan, a 10.31% increase, with a significant portion from carbon fiber equipment [4]. - **Jinbo Co., Ltd.**: Revenue of 411 million yuan, a 19.69% increase, with positive prospects in carbon/ceramic brake discs due to the rapid development of the new energy vehicle sector [4]. - **Boyun New Materials**: Revenue of 396 million yuan, a 30.98% increase, with a significant contribution from aerospace applications [5]. - **Chuangjiang New Materials**: Revenue of 28.803 billion yuan, a 16.05% increase, with net profit of 251 million yuan, driven by effective capacity release and product upgrades [6]. Market Trends - The carbon fiber industry's recovery is supported by the release of application-side demand, with companies like Zhongfu Shenying and Shanghai Petrochemical planning expansions [6]. - The industry is experiencing a phase of technological advancement and application expansion, indicating a clear trend towards recovery and growth [6].

Core Viewpoint - The carbon fiber industry is experiencing significant growth, with companies like Jilin Chemical Fiber and Zhongfu Shenying showing strong revenue increases, particularly in carbon fiber products, indicating a shift towards new material applications and a positive market outlook [4][9][10]. Financial Performance Summary - Jilin Chemical Fiber reported a revenue of 2.635 billion yuan in the first half of 2025, a year-on-year increase of 48.39%, while net profit attributable to shareholders decreased by 45.08% to 22.07 million yuan [4][5]. - The company's carbon fiber segment achieved revenue of 443.48 million yuan, a staggering increase of 368.31%, accounting for 16.83% of total revenue, highlighting the rapid growth of its new materials sector [5][6]. - Zhongfu Shenying's revenue reached 922 million yuan, up 25.86% year-on-year, with a notable recovery in the second quarter driven by cost reductions and market expansion [7][9]. Industry Trends - The carbon fiber market is transitioning from a "scarce resource" to a "rapidly expanding" phase, driven by increasing demand in wind energy, aerospace, and new energy vehicles [8][10]. - The trend towards larger wind turbine blades is significantly increasing the demand for carbon fiber due to its superior strength-to-weight ratio compared to glass fiber [8]. - The competitive landscape is evolving, with large tow carbon fiber focusing on scale and cost control, while small tow carbon fiber emphasizes technological barriers and customer loyalty [8][9]. Market Outlook - The overall performance of leading companies indicates a high growth phase for the carbon fiber industry, with expanding applications in wind energy, aerospace, and new energy vehicles [9][10]. - The demand for carbon fiber is expected to continue growing, supported by the expansion of application scenarios and the increasing utilization rates of leading companies [9][10].

Meeting Information - The company is convening the 2025 Fourth Extraordinary General Meeting of Shareholders on September 15, 2025, at 14:00 [1] - The meeting will be held in compliance with the relevant laws and regulations of the People's Republic of China and the company's articles of association [1] - Shareholders can participate through both on-site voting and online voting, with online voting available from 9:15 to 15:00 on the same day [1] Shareholder Eligibility - All shareholders registered with the China Securities Depository and Clearing Corporation Limited Shenzhen Branch by the close of trading on September 10, 2025, are eligible to attend the meeting [2] - Shareholders may appoint a proxy to attend and vote on their behalf, and the proxy does not need to be a shareholder of the company [2] Meeting Agenda - The meeting will review non-cumulative voting proposals, with details available in the company's announcements on various financial news platforms [3] - Votes from minority investors will be counted separately and disclosed [3] Registration and Voting Process - Shareholders must register for the meeting with valid proof of eligibility and shareholding documents [3] - Registration will take place at the company's securities office located in Jilin City, Jilin Province [3] - Specific procedures for online voting will be provided, allowing shareholders to express their votes on non-cumulative proposals [6]

Core Viewpoint - Jilin Chemical Fiber reported a significant increase in revenue for the first half of the year, but a notable decline in net profit, indicating potential challenges in profitability despite strong sales growth [1] Financial Performance - The company achieved an operating revenue of 2.635 billion yuan, representing a year-on-year increase of 48.39% [1] - The net profit attributable to shareholders of the listed company was 22.0672 million yuan, reflecting a year-on-year decrease of 45.08% [1] - The basic earnings per share were reported at 0.009 yuan [1]