Group 1 - Trump signed an executive order to launch the "Genesis Program" for artificial intelligence [1] - The second batch of technology innovation bonds supported by risk-sharing tools for private enterprises is about to be issued [1] - Xiaomi Group's controlling shareholder Lei Jun invested approximately 100 million Hong Kong dollars to increase his stake in the company [1] Group 2 - Shanghai is promoting the integration of artificial intelligence technology with the entire pharmaceutical industry chain, accelerating the application of AI in drug discovery and design systems [1] - Antai Technology secured a significant contract worth nearly 70 million yuan related to controllable nuclear fusion [1]

Core Viewpoint - Antai Technology's stock has experienced fluctuations, with a year-to-date increase of 61.10% but a recent decline of 8.03% over the past five trading days, indicating potential volatility in investor sentiment [1]. Financial Performance - For the period from January to September 2025, Antai Technology reported revenue of 5.818 billion yuan, a year-on-year decrease of 0.60%, and a net profit attributable to shareholders of 282 million yuan, down 17.19% year-on-year [2]. - Cumulative cash dividends since the company's A-share listing amount to 1.159 billion yuan, with 420 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Antai Technology is 78,400, a decrease of 6.66% from the previous period, while the average circulating shares per person increased by 7.14% to 13,181 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 12.7311 million shares, an increase of 4.3096 million shares from the previous period [3].

Market Overview - The metal new materials sector experienced a slight decline of 0.06% on November 20, with Alloy Investment leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Individual Stock Performance - Alloy Investment (000633) closed at 7.98, down 6.67% with a trading volume of 701,500 shares and a transaction value of 561 million [1] - Other notable declines included: - Zhongke Magnetic (301141) down 3.44% to 55.07 with a transaction value of 220 million [1] - Bowei Taijin (601137) down 2.58% to 21.18 with a transaction value of 258 million [1] - Jinli Yongci (300748) down 2.32% to 34.50 with a transaction value of 1.22 billion [1] Capital Flow Analysis - The metal new materials sector saw a net outflow of 151 million from main funds, while retail investors contributed a net inflow of 75.99 million [1] - Specific stock capital flows included: - Shenzhen New Star (603978) with a main fund net inflow of 1.05 billion, but a net outflow from retail investors of 46.47 million [2] - Tunan Co. (300855) with a main fund net inflow of 41.86 million, but a significant retail outflow of 3.44 million [2] - Bowei Alloy (601137) recorded a main fund net inflow of 3.88 million, while retail investors saw a net outflow of 2.06 million [2]

Summary of Antai Technology Conference Call Company Overview - Antai Technology reported a year-on-year increase in net profit attributable to shareholders in 2025, with significant contributions from three main business segments: Nanrong Wumu Industry, Amorphous Nanocrystalline, and Powder High-Speed Steel, particularly noting that the Nanrong Wumu Industry's net profit increased by over 50% [2][3][4] Key Business Segments - **Nanrong Wumu Industry**: Achieved over 50% year-on-year growth in net profit [2][3] - **Amorphous Nanocrystalline**: Focused on energy-efficient and lightweight materials, with applications in new energy vehicles and low-altitude economic aircraft [11] - **Powder High-Speed Steel**: Continued development and enhancement of industrial manufacturing products [10] Technological Developments - **Controlled Nuclear Fusion**: Antai Technology specializes in structural materials for controlled nuclear fusion, particularly tungsten-copper divertors, which, despite their small proportion (1%-1.5%) of overall investment, are critical materials in the reaction process [5][6] - **Welding and Processing**: The company has advanced capabilities in complex shape processing and welding technology, achieving third-generation technology in brazing processes, ensuring stability and reliability of materials under high temperatures [8] Market Position and Competitive Advantage - Antai Technology has established a strong first-mover advantage in the controlled nuclear fusion sector, having won multiple bids for complex divertors in significant projects like EAST and HL-2M [9] - The company plans to continue leveraging its experience and resources to contribute to national major projects [9] Future Strategic Focus - Over the next five years, Antai Technology will prioritize new material applications, including those required in the semiconductor industry and other downstream sectors [10] - The company aims to enhance the development of energy-efficient amorphous nanocrystalline materials, which are expected to play a crucial role in future industrial advancements [10] Financial Performance and Shareholder Returns - Antai Technology expressed confidence in meeting its equity incentive targets for 2025, with overall positive performance noted from January to October, indicating a favorable experience for investors [14]

Core Viewpoint - Antai Technology (000969) emphasizes the importance of market value performance and investor relations management, actively engaging with investors through various channels [1] Group 1 - The company is committed to maintaining normal operational status and aims to deliver excellent performance to reward investors [1] - Management has implemented multiple communication strategies, including broker strategy meetings, institutional reverse roadshows, investor phone calls, and the interactive platform [1]

Core Insights - Antai Technology reported that as of September 30, 2025, the number of shareholders reached 78,380 [2] Summary by Category - **Company Performance** - The company disclosed its third-quarter report for 2025, indicating a significant shareholder base of 78,380 [2]

Core Viewpoint - Antai Technology's stock has shown significant growth this year, with a year-to-date increase of 78.72%, despite a slight decline in the last five trading days [1] Group 1: Stock Performance - As of November 17, Antai Technology's stock price reached 19.57 CNY per share, with a market capitalization of 20.563 billion CNY [1] - The stock experienced a net outflow of 96.87 million CNY in principal funds, with large orders buying 1.53 billion CNY and selling 2.23 billion CNY [1] - The company has appeared on the trading leaderboard six times this year, with the most recent occurrence on October 29 [1] Group 2: Financial Performance - For the period from January to September 2025, Antai Technology reported operating revenue of 5.818 billion CNY, a year-on-year decrease of 0.60%, and a net profit attributable to shareholders of 282 million CNY, down 17.19% year-on-year [2] - Cumulative cash dividends since the company's A-share listing amount to 1.159 billion CNY, with 420 million CNY distributed over the past three years [3] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 6.66% to 78,400, while the average circulating shares per person increased by 7.14% to 13,181 shares [2] - The top circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 4.3096 million shares, and the Jiashi Zhongzheng Rare Earth Industry ETF, which increased its holdings by 4.1699 million shares [3]

Meeting Overview - The shareholder meeting of Antai Technology Co., Ltd. was held on November 14, 2025, at the company headquarters in Beijing, combining on-site and online voting methods [2][3]. - A total of 1,663 shareholders participated, representing 374,082,984 shares, which accounts for 35.6026% of the total voting shares [4]. Voting Participation - Among the participants, one shareholder voted on-site, representing 364,366,724 shares (34.6779% of total voting shares) [5]. - The remaining 1,662 shareholders voted online, representing 9,716,260 shares (0.9247% of total voting shares) [6]. Small Shareholders' Participation - Small shareholders totaled 1,662, representing 9,716,260 shares, which is 0.9247% of the total voting shares [7]. - No small shareholders participated in on-site voting [8]. Resolutions Passed - The meeting approved the following resolutions: 1. **Reappointment of Audit Firm for 2025**: This ordinary resolution received 99.7001% approval, with 372,961,284 shares in favor, 848,000 against, and 273,700 abstentions [11]. 2. **Cancellation of Restricted Stock Incentive Plan**: This special resolution was approved with 99.7745% support, totaling 373,239,484 shares in favor, 563,700 against, and 279,800 abstentions [13]. Legal Opinion - The legal opinion provided by Beijing Hairun Tianrui Law Firm confirmed that the meeting's procedures and voting were in compliance with relevant laws and regulations [15]. Documentation - The resolutions and legal opinions from the meeting are available for review [16].

北京海润天睿律师事务所 关于安泰科技股份有限公司 2025 年第一次临时股东会的法律意见书 中国·北京 致：安泰科技股份有限公司 北京海润天睿律师事务所（以下简称"本所"）接受安泰科技股份有限公司 （以下简称"公司"）的委托，指派律师张阳、潘仙出席公司 2025 年第一次临 时股东会，并依据《中华人民共和国公司法》（以下简称"《公司法》"）等法 律法规、规范性文件及《安泰科技股份有限公司公司章程》（以下简称"《公司 章程》"）的有关规定，对本次股东会相关事项依法进行见证并发表法律意见。 为出具本法律意见书，本所律师出席了公司本次股东会，审查了公司提供的 召开本次股东会的有关文件。公司已向本所及本所律师承诺，其所提供的文件和 所作的陈述、说明是完整、真实和有效的，无任何隐瞒、遗漏，并据此出具法律 意见。 本所律师根据在本法律意见书出具日之前已经发生或者存在的事实及有关 法律、法规、规范性文件及《公司章程》的规定发表法律意见。在本法律意见书 中，本所律师仅对本次股东会的召集和召开程序、出席会议人员及会议召集人资 格、审议事项以及表决程序、表决结果等相关事项是否符合《公司法》等法律法 规、规范性文件及《公司章程》的 ...

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 特别提示： 1、本次股东会未出现否决议案的情形； 2、本次股东会未涉及变更前次股东会决议。 证券代码：000969 证券简称：安泰科技 公告编号：2025-049 安泰科技股份有限公司 2025 年第一次临时股东会决议公告 3、安泰科技、公司、本公司：安泰科技股份有限公司 一、会议召开和出席情况 1、会议召开情况 （1）现场会议时间：2025 年 11 月 14 日（周五）下午 14:00 （2）召开地点：公司总部会议室（北京市海淀区学院南路 76 号） （3）召开方式：现场投票与网络投票相结合 网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为： 2025 年 11 月 14 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投票的具体时间为：2025 年 11 月 14 日 9:15-15:00 期间的 任意时间。 （4）会议召集人：公司董事会。本次会议的召开已经公司第九届董事会第 六次会议审议通过召开本次股东会的议案。 （5）现场 ...