股票简称：山子高科 股票代码：000981 公告编号：2026-007 山子高科技股份有限公司 第九届董事会第十四次临时会议决议公告 本公司董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导 性陈述或者重大遗漏。 表决结果：8 票同意，1 票反对，0 票弃权。 公司董事刘中锡先生对本项议案投反对票。反对理由：不同意因为增加一名 职工董事就要增加一名独立董事，完全可以从现有执行董事中调整。 本议案尚需提交股东会审议。 具体内容详见同日披露于巨潮资讯网（www.cninfo.com.cn）的《关于提名独 立董事候选人的公告》。 （二）审议通过《关于补选非独立董事的议案》 一、董事会会议召开情况 2026年2月6日，山子高科技股份有限公司（以下简称"公司"）第九届董事 会第十四次临时会议在公司会议室以通讯方式召开。关于本次会议的通知已于 2026年2月3日以传真、电子邮件、专人送达的方式送达各位董事。本次会议应参 加董事9人，实际参加董事9名。会议由公司董事长叶骥先生主持，公司部分高级 管理人员列席会议。本次会议的召开符合《公司法》和《公司章程》的规定。 二、董事会会议审议情况 经与会董事认真审议， ...

每经头条（nbdtoutiao）——爱泼斯坦案再爆新料：多名政商大佬被点名；OpenClaw横空出世！专家警 告你的世界正被"接管"；SpaceX吞并xAI，特斯拉股东怒斥 （记者 王晓波） 每经AI快讯，山子高科2月8日晚间发布公告称，公司审议通过《关于聘任公司副总裁的议案》，经公 司董事长/总裁提名，第九届董事会提名委员会资格审查，公司董事会同意聘任王立普先生为公司副总 裁，分管汽车零部件业务。公司董事会中兼任公司高级管理人员以及由职工代表担任的董事人数总计未 超过公司董事总数的二分之一。 ...

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report On February 3, the overall capital market remained stable; the bond market was mainly fluctuating, with short - term bonds being weak and medium - and long - term bonds being slightly strong; the main indexes of the convertible bond market rose collectively, and most convertible bond issues increased; the yields of U.S. Treasury bonds of different maturities showed divergent trends, and the yields of 10 - year government bonds of major European economies generally increased [1][2]. 3. Summary by Directory 3.1 Bond Market News - **Domestic News**: On February 3, the 2026 Central No. 1 Document was released, proposing reforms in rural collective property rights, support for new rural collective economies, and measures to control village - level debt. The central bank will conduct an 800 billion yuan 3 - month term buy - out reverse repurchase operation on February 4, resulting in a net investment of 100 billion yuan. The central bank Shanghai Head Office emphasized continuous financial reform and opening - up, and promoted free - trade zone financial reform [4][5]. - **International News**: On February 3 (local time), the U.S. House of Representatives passed a government funding bill, and the partial government shutdown is expected to end. However, the U.S. Department of Homeland Security only has funds until February 13, and there is still a risk of a more limited funding shortage [7]. - **Commodities**: On February 3, international crude oil and natural gas futures prices rose. WTI March crude oil futures rose 1.72% to $63.21 per barrel, Brent April crude oil futures rose 1.56% to $67.33 per barrel, COMEX gold futures rose 6.94% to $4975.30 per ounce, and NYMEX natural gas prices rose 3.49% to $3.377 per ounce [8]. 3.2 Capital Market - **Open - Market Operations**: On February 3, the central bank conducted a 7 - day reverse repurchase operation of 105.5 billion yuan at a fixed interest rate of 1.40%. With 402 billion yuan of reverse repurchases maturing on the same day, the net withdrawal of funds was 296.5 billion yuan [10]. - **Funding Rates**: On February 3, the capital market was generally stable. DR001 decreased by 4.76bp to 1.371%, and DR007 increased by 0.66bp to 1.497%. Other funding rates also showed different degrees of change [11][12]. 3.3 Bond Market Dynamics - **Interest - Rate Bonds**: On February 3, the bond market fluctuated, with short - term interest - rate bonds being weak and medium - and long - term bonds being slightly strong. As of 20:00 Beijing time, the yield of the 10 - year Treasury bond active bond 250016 decreased by 0.40bp to 1.8110%, and the yield of the 10 - year China Development Bank bond active bond 250215 remained unchanged at 1.9580%. Multiple bonds were issued on the same day, with different issuance scales, winning bid yields, and multiples [14][15]. - **Credit Bonds**: On February 3, there were no credit bond transactions with a price deviation of more than 10%. Several companies had credit - related announcements, including debt repayment difficulties, litigation, debt restructuring, and issuance cancellations [16][18]. - **Convertible Bonds**: On February 3, the A - share market rose, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index rising 1.29%, 2.19%, and 1.86% respectively. The main indexes of the convertible bond market also rose collectively. The trading volume of the convertible bond market was 97.548 billion yuan, an increase of 12.465 billion yuan from the previous trading day. Most convertible bond issues increased. Tomorrow (February 5), Haitian Convertible Bonds will start online subscriptions, and Shangtai Convertible Bonds will be listed [18][19][23]. - **Overseas Bond Markets**: - **U.S. Bond Market**: On February 3, the yields of U.S. Treasury bonds of different maturities showed divergent trends. The 2 - year U.S. Treasury bond yield remained unchanged at 3.57%, and the 10 - year U.S. Treasury bond yield decreased by 1bp to 4.28%. The 10 - year inflation - protected Treasury bond (TIPS) break - even inflation rate increased by 1bp to 2.36% [22][24][25]. - **European Bond Market**: On February 3, the yields of 10 - year government bonds of major European economies generally increased. The 10 - year German government bond yield increased by 2bp to 2.89%, and the yields of 10 - year government bonds of France, Italy, Spain, and the UK increased by 1bp, 1bp, 2bp, and 1bp respectively [26]. - **Chinese - Issued U.S. Dollar Bonds**: As of the close on February 3, the prices of Chinese - issued U.S. dollar bonds showed different degrees of change, with some rising and some falling [28].

Core Viewpoint - The data indicates significant outflows of capital from various stocks, with notable losses in both percentage and monetary terms across multiple sectors, particularly in metals, communication equipment, and renewable energy [1][2][3] Group 1: Stock Performance and Capital Outflow - Zijin Mining experienced a capital outflow of 2.275 billion, with a decline of 4.37% [2] - Xinyi Technology saw an outflow of 1.816 billion, with a decrease of 4.06% [2] - Aerospace Development had a capital outflow of 1.691 billion, reflecting a drop of 1.54% [2] - TBEA reported an outflow of 1.553 billion, with a decline of 5.05% [2] - Goldwind Technology faced a capital outflow of 1.217 billion, down by 9.02% [2] - Luoyang Molybdenum experienced an outflow of 1.203 billion, with a decrease of 6.34% [2] - BlueFocus Media saw an outflow of 1.145 billion, down by 5.76% [2] - Longi Green Energy had a capital outflow of 1.106 billion, with a decline of 5.59% [2] - Zhongjin Gold experienced an outflow of 1.033 billion, down by 5.20% [2] - Shanzhi High-Tech saw an outflow of 0.975 billion, with a decrease of 6.23% [2] - Sungrow Power Supply experienced an outflow of 0.963 billion, down by 4.12% [2] Group 2: Additional Stocks and Their Performance - Xinyi Silver experienced a capital outflow of 0.850 billion, with a decline of 6.33% [3] - China Western Power saw an outflow of 0.833 billion, down by 7.14% [3] - Inovance Technology had a capital outflow of 0.811 billion, with a decrease of 6.62% [3] - Sanhua Intelligent Control experienced an outflow of 0.806 billion, down by 3.04% [3] - TCL Zhonghuan saw an outflow of 0.781 billion, with a slight increase of 1.61% [3] - Jiangxi Copper experienced a capital outflow of 0.707 billion, down by 5.10% [3] - Shandong Gold saw an outflow of 0.683 billion, with a decline of 3.92% [3] - SMIC experienced a capital outflow of 0.676 billion, down by 2.65% [3] - Jiejia Weichuang faced an outflow of 0.626 billion, with a significant drop of 12.39% [3]

Core Insights - The main focus of the news is the significant inflow of capital into specific stocks, indicating strong investor interest and potential growth in these companies and their respective industries [1][2][3] Group 1: Stock Performance and Capital Inflow - Kunlun Wanwei saw a capital inflow of 795 million yuan with a price increase of 5.82% [2] - Shunhao Co. experienced a capital inflow of 651 million yuan and a price increase of 9.98% [2] - Contemporary Amperex Technology (宁德时代) had a capital inflow of 561 million yuan with a price increase of 1.21% [2] - Kweichow Moutai (贵州茅台) attracted 551 million yuan in capital inflow and increased by 1.3% [2] - Yanzhou Coal Mining Company (兖矿能源) saw a capital inflow of 430 million yuan with a notable increase of 10.01% [2] - Other notable stocks include Shanzhi Gaoke, China Satellite, and China Shipbuilding, each with significant capital inflows and price increases [1][2][3] Group 2: Industry Insights - The internet services sector, represented by Kunlun Wanwei, is showing strong investor confidence [2] - The packaging materials industry, highlighted by Shunhao Co., is also attracting significant capital [2] - The battery industry, represented by Contemporary Amperex Technology, continues to draw investor interest despite a modest price increase [2] - The coal industry, with companies like Yanzhou Coal and Meijin Energy, is experiencing substantial capital inflows, indicating a potential resurgence [2][3] - The aerospace and wind energy sectors, represented by China Satellite and China Shipbuilding, are also gaining traction among investors [1][2][3]

Core Viewpoint - The company has successfully completed the debt restructuring of its European subsidiary, significantly improving its financial structure and reducing debt pressure [2] Group 1: Debt Restructuring Progress - The company announced the payment of the remaining amount of €8.1097 million to the syndicate, completing the repayment of the original €70 million syndicate loan [2] - The debt restructuring process was initiated at the end of 2024, with a settlement agreement signed in early 2025 [2] - A new settlement agreement was signed in September 2025 between the company's Belgian subsidiary and the syndicate to facilitate the restructuring [2] Group 2: Financial Impact - The debt restructuring is expected to reduce the company's liabilities by approximately €233 million (around ¥1.94 billion), leading to an estimated decrease in the overall asset-liability ratio by about 18% [2] - The specific amounts and changes in the liability ratio will be confirmed based on annual audit results [2] Group 3: Management and Future Outlook - The board of directors stated that the debt restructuring alleviates the company's debt pressure and reflects the creditors' support for the company's long-term development [2] - The restructuring is anticipated to optimize the asset-liability structure and enhance operational management efficiency, positively impacting the company's future financial status and operational capabilities [2]

股票简称：山子高科 股票代码：000981 公告编号：2026-006 山子高科技股份有限公司 关于欧洲子公司债务重组的进展公告 一是减轻了公司债务压力，体现了债权方对公司长远发展的大力支持，有利于优 化公司资产负债结构；二是提高了公司经营管理效率，有利于公司未来高质量的 发展，该事项对公司未来财务状况及经营能力将带来积极影响，不存在损害公司 及股东尤其中小股东利益的情形。公司将根据会计准则的相关规定对该事项进行 账务处理，具体影响金额及会计处理以审计结果为准。 四、备查文件 特此公告。 2024 年 12 月 31 日，公司召开第九届董事会第二次临时会议，审议通过《关 于欧洲子公司债务重组的议案》，公司董事会同意上述债务重组事项并授权公司 管理层负责该事项的具体实施。公司于 2025 年初与银团签署和解协议，以 3,200 万欧元（除南京银行外）完成债务重组。2025 年 9 月，为继续推进银团债务重 组事项，比利时邦奇（Punch Powertrain N.V.）与银团签订新《和解协议》（以 下简称"本协议"）。根据本协议约定，公司需要在 2025 年 12 月 15 日前支付 剩余款项（前期已支付部分款 ...

山子高科公告称，2024年12月31日公司董事会同意欧洲子公司债务重组。2025年初以3200万欧元（除南 京银行外）完成部分重组，9月比利时邦奇与银团签新协议，需在2025年12月15日前支付剩余款项以清 偿7000万欧元银团贷款余额。近日，公司支付810.97万欧元剩余款项，债务重组完成。以2025年三季度 报表模拟，负债预计减少2.33亿欧元（折合人民币19.4亿元），降低资产负债率18%左右，优化了财务 结构。 ...

Core Insights - The main focus of the news is the significant inflow of capital into various stocks, indicating strong investor interest and potential market trends. Group 1: Stock Performance and Capital Inflow - Zhongchao Holdings saw a capital inflow of 1.369 billion, with a price increase of 9.96% [1][2] - Xinyi Technology experienced a capital inflow of 838 million, with a price increase of 7.26% [1][2] - Western Materials had a capital inflow of 765 million, with a price increase of 9.99% [1][2] - Shenghong Technology attracted 731 million, with a price increase of 2.35% [1][2] - Liou Co. received 722 million, with a price increase of 7.3% [1][2] - Kweichow Moutai had a capital inflow of 576 million, with a price increase of 1.53% [1][2] - Luxshare Precision saw a capital inflow of 566 million, with a price increase of 1.84% [1][2] - Zhejiang Wenhu Interconnect attracted 551 million, with a price increase of 9.99% [1][2] - Shuangjie Electric received 522 million, with a price increase of 19.97% [1][2] - Yaowang Technology had a capital inflow of 496 million, with a price increase of 10% [1][2] - China Western Electric attracted 482 million, with a price increase of 8.97% [1][3] Group 2: Additional Stock Insights - Runze Technology saw a capital inflow of 464 million, with a price increase of 5.44% [3] - Baobian Electric attracted 454 million, with a price increase of 10.04% [3] - Zhongkong Technology had a capital inflow of 355 million, with a price increase of 4.01% [3] - Shanziko High-Tech received 342 million, with a price increase of 3% [3] - Huanghe Xuanfeng attracted 340 million, with a price increase of 10.08% [3] - Hancable saw a capital inflow of 332 million, with a price increase of 9.94% [3] - Midea Group had a capital inflow of 314 million, with a price increase of 0.46% [3] - Century Huayun attracted 310 million, with a price increase of 1.32% [3] - Industrial and Commercial Bank of China saw a capital inflow of 303 million, with a price increase of 0.97% [3]

Core Viewpoint - The company, Shanzi High-Tech Co., Ltd., is expected to achieve a net profit of between 850 million to 1.1 billion yuan for the year 2025, marking a turnaround from previous losses [1] Group 1: Financial Performance - The company anticipates a significant improvement in performance compared to the previous year, attributed to the successful implementation of various strategies that have translated into actual operational results [1] - The net profit forecast for 2025 indicates a recovery, with the company completing its restructuring plan and continuing efforts to reorganize and settle historical debts, resulting in gains from debt restructuring [1] Group 2: Business Strategy - Shanzi High-Tech has actively divested from non-core loss-making business units, thereby reducing their negative impact on overall profits [1] - The company has provided comprehensive support in terms of human, material, and financial resources to maintain the operational integrity of its subsidiaries, Bangqi and ARC, while focusing on optimizing resource allocation, market expansion, product development, and management structure enhancement [1] Group 3: Operational Focus - While addressing historical issues and optimizing asset structure, the company is concentrating on its core business and increasing investment in technology research and development for new vehicle projects, although this segment is still in the investment phase and has not yet achieved profitability [1]