北京海润天睿律师事务所 关于安泰科技股份有限公司 限制性股票激励计划预留授予部分第一个 解除限售期解除限售条件成就、回购注销部分 限制性股票及调整回购价格的 法律意见书 中国·北京 北京市朝阳区建外大街甲 14 号广播大厦 5&9&10&13&17 层 邮编:100022 电话：(010)65219696 传真：（010）88381869 法律意见书 北京海润天睿律师事务所 关于安泰科技股份有限公司 限制性股票激励计划预留授予部分第一个 解除限售期解除限售条件成就、回购注销部分 限制性股票及调整回购价格的 法律意见书 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"或"海润天睿"）接受安泰科 技股份有限公司（以下简称"安泰科技"或"公司"）的委托，作为安泰科技限 制性股票激励计划（以下简称"本次股权激励计划""本激励计划"或"本计划"） 的特聘专项法律顾问。 查和验证。 为出具本法律意见书，本所律师根据有关法律、行政法规及规范性文件的规 定和本所业务规则的要求，本着审慎性及重要性原则对本激励计划的有关的文件 资料和事实进行了核查和验证。 本所律师根据《中华人民共和国公司法》（以下简称"《公司 ...

安泰科技股份有限公司 2025 年第三季度报告 证券代码：000969 证券简称：安泰科技 公告编号：2025-041 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 安泰科技股份有限公司 2025 年第三季度报告 安泰科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 2,103,830,259.68 | 8.92% | 5, ...

Group 1 - The core viewpoint of the news highlights the performance and growth of the rare earth industry, particularly focusing on the rise of the China Rare Earth Industry Index and the significant gains of key stocks within this sector [1][2]. - As of October 29, 2025, the China Rare Earth Industry Index increased by 0.64%, with notable stock performances including Keli Yuan reaching a daily limit increase of 10%, and other companies like Antai Technology and Xiamen Tungsten rising by 5.13% and 4.98% respectively [1]. - The rare earth ETF managed by Jiashi has seen a substantial increase in scale, with a growth of 92.05 million yuan over the past two weeks, making it the top performer among comparable funds [1]. Group 2 - The top ten weighted stocks in the China Rare Earth Industry Index account for 61.96% of the index, with North Rare Earth and Wolong Electric Drive being the largest contributors [2][4]. - Recent regulatory changes by the Chinese Ministry of Commerce regarding export controls on rare earth materials and technologies aim to strengthen compliance and address illegal export activities [2]. - Market conditions indicate a slowdown in demand, with major manufacturers primarily restocking based on immediate needs, while supply-side pressures are increasing due to sluggish shipments from rare earth mines [2].

Core Viewpoint - Antai Technology's stock price increased by 5% to 24.13 CNY per share, with a trading volume of 3.909 billion CNY and a turnover rate of 16.10%, resulting in a total market capitalization of 25.354 billion CNY [1] Company Overview - Antai Technology Co., Ltd. is located at 76 Xueyuan South Road, Haidian District, Beijing, established on December 30, 1998, and listed on May 29, 2000 [1] - The company's main business involves the research, development, and production of advanced metal new materials and products [1] - Revenue composition includes: advanced functional materials and devices (38.53%), special powder metallurgy materials and products (36.75%), and high-quality special steel and welding materials (24.71%) [1] Shareholder Information - Among the top ten circulating shareholders of Antai Technology, one fund from Huaxia Fund is notable: Huaxia CSI 1000 ETF (159845) entered the top ten in Q2, holding 4.0028 million shares, which is 0.39% of the circulating shares [2] - The estimated floating profit for this fund today is approximately 4.6032 million CNY [2] Fund Performance - Huaxia CSI 1000 ETF (159845) was established on March 18, 2021, with a latest scale of 45.469 billion CNY [2] - Year-to-date return is 26.93%, ranking 2086 out of 4216 in its category; the one-year return is 24.39%, ranking 1929 out of 3877; and since inception, the return is 27.71% [2]

Group 1: Market Activity - Yingxin Development had the highest limit-up order volume at 1,402,100 hands, followed by Pingtan Development with 934,000 hands, Helitai with 479,300 hands, and Antai Group with 276,400 hands [1] - The total order amount for 18 stocks exceeded 100 million yuan, with Pingtan Development, Yingxin Development, and Shikong Technology leading at 513 million yuan, 447 million yuan, and 409 million yuan respectively [1] Group 2: Company Announcements - Yingxin Development announced plans to acquire control of Guangdong Changxing Semiconductor Technology Co., Ltd., a high-tech company focused on memory chip packaging and testing, established in 2012 [1] - Guangdong Changxing has developed an integrated R&D and packaging testing business model, with capabilities in wafer testing, repair technology, and various packaging techniques [1] Group 3: Performance Trends - ST Zhongdi achieved 8 consecutive limit-up days, Yingxin Development had 7 consecutive days, and *ST Zhengping had 5 consecutive days [1] - Other notable stocks include Dahuazhineng and Shikong Technology with 4 consecutive days, and Qingdao Double Star and Yashichuangneng with 3 consecutive days [1] Group 4: Sector Highlights - PCB (Printed Circuit Board) sector saw multiple stocks limit-up, including Jingwang Electronics, Honghe Technology, Dongcai Technology, and Fangzheng Technology, with significant technological breakthroughs reported [4] - The military sector also had limit-up stocks such as Aerospace Development and Great Wall Military Industry, with a focus on military products and new communication equipment [4][5] Group 5: Earnings Growth - Fangzheng Technology reported a net profit of 317 million yuan for the first three quarters, a year-on-year increase of 50.81% [6] - Zhongtung High-tech achieved a net profit of 846 million yuan, up 18.26% year-on-year [7] - Yongmaotai reported a net profit of 50 million yuan, reflecting a 39.58% increase year-on-year [8]

Market Overview - The Shanghai Composite Index lost and regained the 4000-point mark, while the ChiNext Index experienced a pullback after reaching a high. The total market turnover was 2.17 trillion yuan, a decrease of 191.3 billion yuan compared to the previous trading day [1] - Sectors such as Fujian, military industry, and port shipping saw gains, while non-ferrous metals, wind power equipment, and oil and gas sectors faced the largest declines [1] Key Stocks - Jinfu Technology (300128) rose by 20.06% to 8.68 yuan with a turnover of 28.73 million yuan [2] - Chutian Technology (300328) increased by 20.04% to 11.32 yuan, marking a self-limit increase [2] - Jianglong Shipbuilding (300289) surged by 19.98% to 15.07 yuan, driven by military equipment and law enforcement orders [2][11] - Haixia Innovation (300300) gained 19.97% to 9.19 yuan, continuing its strong performance [2][3] - Fangda Carbon (600516) rose by 10.08% to 5.68 yuan, with significant institutional buying [15] Institutional Activity - The top net purchases on the day included Duofluor (2.22 billion yuan), Jianglong Shipbuilding (1.93 billion yuan), and Fangda Carbon (1.79 billion yuan) [2][4] - The top net sales were led by Hengbao Co. (2 billion yuan), Sixuan New Materials (1.82 billion yuan), and Shanghai Jahwa (1.80 billion yuan) [5][19] Sector Highlights - The storage chip sector saw strong performance with Yingxin Development achieving a seven-day limit increase, while quantum technology stocks like Dahua Intelligent also performed well [3] - The military equipment sector, particularly Jianglong Shipbuilding, benefited from increased orders and government contracts [11][14] Trading Dynamics - The market experienced a significant turnover with notable fluctuations in stock prices, particularly in sectors related to military and technology [1][3] - The trading volume and turnover rates indicated active participation from both retail and institutional investors, reflecting a mixed sentiment in the market [2][4]

Core Viewpoint - Antai Technology experienced a significant increase in stock price, reaching the daily limit with a trading volume of 2.292 billion yuan and a turnover rate of 9.72% [2] Trading Activity - The stock was listed on the daily trading board due to a price deviation of 10.23%, with institutional investors net buying 107 million yuan while the Shenzhen Stock Connect recorded a net sell of 32.67 million yuan [2] - The top five trading departments accounted for a total transaction volume of 1.023 billion yuan, with net buying amounting to 73.89 million yuan [2] Institutional Participation - Two institutional special seats were involved in the trading, with a total buying amount of 109 million yuan and selling amount of 2.13 million yuan, resulting in a net buy of 107 million yuan [2] - The Shenzhen Stock Connect was the third-largest selling department, with a buying amount of 21.12 million yuan and a selling amount of 53.79 million yuan, leading to a net sell of 32.67 million yuan [2] Recent Performance - Over the past six months, the stock has appeared on the trading board five times, with an average price increase of 5.56% the day after being listed and an average increase of 9.97% over the following five days [3] - The stock saw a net inflow of 203 million yuan in principal funds today, with a significant inflow of 245 million yuan from large orders [3] Margin Trading Data - As of October 27, the stock's margin trading balance was 1.116 billion yuan, with a financing balance of 1.111 billion yuan and a securities lending balance of 3.8814 million yuan [3] - Over the past five days, the financing balance decreased by 164 million yuan, a decline of 12.86%, while the securities lending balance increased by 1.1509 million yuan, an increase of 42.15% [3]

Core Insights - Antai Technology (000969.SZ) has experienced a consecutive two-day limit-up, with a turnover rate of 9.72% and a transaction volume of 2.292 billion yuan [1] - The net selling by the Shenzhen Stock Connect amounted to 32.67 million yuan, while two institutions net bought 107 million yuan [1] - Notable selling activities were observed from retail investors, with "Mao Boss" net selling 269 million yuan and "Ningbo Sangtian Road" net selling 38.69 million yuan [1] Trading Activity - The top five buying institutions accounted for a total of 548.39 million yuan, representing 23.93% of the total trading volume [2] - The largest buying amount came from Guotai Junan Securities, with 183.61 million yuan, making up 8.01% of the total transaction [2] - Other significant buyers included Guolian Minsheng Securities and China Galaxy Securities, with buying amounts of 172.30 million yuan and 58.42 million yuan, respectively [2]

Core Viewpoint - The Huawei mobile concept stock has seen a rise of 1.11%, ranking 9th among concept sectors, with significant gains from several stocks within the sector [1][2]. Group 1: Stock Performance - The Huawei mobile concept sector includes 20 stocks that rose, with notable gains from Honghe Technology, Jingwang Electronics, and Antai Technology, which hit the daily limit, increasing by 10.01%, 10.00%, and 7.12% respectively [1][3]. - The stocks with the largest declines include YS Technology, Anli Co., and Taigang Stainless Steel, which fell by 3.46%, 2.75%, and 1.92% respectively [1][3]. Group 2: Capital Flow - The Huawei mobile concept sector experienced a net inflow of 155 million yuan, with 12 stocks receiving net inflows, and 6 stocks seeing inflows exceeding 50 million yuan [2][3]. - Honghe Technology led the net inflow with 336 million yuan, followed by Haowei Group, Furi Electronics, and Antai Technology with net inflows of 282 million yuan, 268 million yuan, and 203 million yuan respectively [2][3]. Group 3: Capital Inflow Ratios - The top stocks by net inflow ratio include Honghe Technology, Furi Electronics, and Qiangrui Technology, with ratios of 33.11%, 13.66%, and 10.34% respectively [3][4]. - The data indicates a strong interest from main capital in the Huawei mobile concept stocks, reflecting positive market sentiment [3].

Group 1 - Antai Technology experienced a limit-up increase in stock price today, with a trading volume of 2.292 billion yuan and a turnover rate of 9.72% [2] - After-hours data from the dragon and tiger list indicates that the Shenzhen Stock Connect special seat bought 21.1224 million yuan and sold 53.793 million yuan [2] - Two institutional special seats had a net purchase of 1.07 billion yuan [2]