证券代码：001207 证券简称：联科科技 公告编号：2025-091 山东联科科技股份有限公司（以下简称"公司"）于 2025 年 11 月 17 日召开了第三届董事会第十 二次会议，审议通过了《关于提请召开公司 2025 年第三次临时股东会的议案》。会议决定于 2025 年 12 月 04 日（星期四）召开公司 2025 年第三次临时股东会，本次股东会采用现场投票与网络投票相结 合的方式召开，现将有关情况公告如下： 一、召开会议的基本情况 1、股东会届次：2025 年第三次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票上市规则》《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等法律、行政法规、部门规章、 规范性文件及《公司章程》的有关规定。 4、会议时间： 山东联科科技股份有限公司 关于召开 2025 年第三次临时股东会的通知 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。 重要提示： （1）现场会议时间：2025 年 12 月 04 日 15:00 （2）网络投票 ...

证券代码：001207 证券简称：联科科技 公告编号：2025-087 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 山东联科科技股份有限公司（以下简称"公司"）第三届董事会第十二次会议于2025 年11月17日以现场及通讯表决方式召开。会议通知于2025年11月13日以书面及通讯方式 通知全体董事。会议应参加董事5人，实际参加董事5人。会议由董事长吴晓林先生召集 并主持，公司高级管理人员列席了本次会议。会议的召开符合《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》" ）及《山东联科科技股份有限公司章程》（以下简称"《公司章程》"）的规定。形成 的决议事项合法、有效。 鉴于公司首次公开发行股票募集资金投资项目"研发检测中心建设项目"、2023 年度 以简易程序向特定对象发行股票募集资金投资项目"年产 10 万吨高压电缆屏蔽料用纳米 碳材料项目（一期）"已完成投资并达到预定可使用状态，公司决定对上述项目予以结 项。 具体内容详见公司同日在巨潮资讯网（http://www ...

Group 1 - Company announced the approval of an investment plan using idle self-owned funds not exceeding RMB 600 million to purchase low-risk financial products from banks and securities companies [1] - The investment plan is effective from the date of board approval until the annual shareholders' meeting in 2025, allowing for rolling use within the specified limit and timeframe [1] - For the first half of 2025, the company's revenue composition shows that 97.7% comes from the manufacturing of chemical raw materials and chemical products, while other businesses account for 2.3% [1] Group 2 - The company's market capitalization is reported to be RMB 5.4 billion [2]

Core Points - The Shanghai Composite Index is at 4017.68 points, above the six-month moving average, with a slight decline of 0.29% [1] - A total trading volume of A-shares reached 15648.48 billion yuan today [1] - 113 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - The top three stocks with the highest deviation rates from the six-month moving average are: - Electric Investment and Financing (9.07%) - Jie Rong Technology (7.54%) - Annie Shares (4.91%) [1] - Other stocks with smaller deviation rates that have just crossed the six-month line include: - Baoland, Zhongnong Lihua, and Subote [1] Trading Data - The trading performance of selected stocks includes: - Electric Investment and Financing: +9.94% with a turnover rate of 2.09% - Jie Rong Technology: +10.00% with a turnover rate of 8.20% - Annie Shares: +6.44% with a turnover rate of 18.47% [1] - Additional stocks with notable performance include: - Yahua Electronics: +6.29% - Zhonglu Shares: +7.08% - Jinlihua Electric: +4.81% [1]

Group 1 - The core point of the news is that LianKe Technology's stock price increased by 5.3% to 24.25 CNY per share, with a trading volume of 118 million CNY and a turnover rate of 2.55%, resulting in a total market capitalization of 5.251 billion CNY [1] - LianKe Technology, established on April 23, 2001, and listed on June 23, 2021, is based in Weifang City, Shandong Province. The company's main business involves the research, production, and sales of silica and carbon black, with revenue composition being 53.45% from carbon black, 43.86% from silica, 2.30% from other sources, and 0.38% from sodium silicate [1] Group 2 - Among the top circulating shareholders of LianKe Technology, Huaxia Fund has a fund that entered the top ten shareholders, holding 860,500 shares, which accounts for 0.44% of the circulating shares. The estimated floating profit for today is approximately 1.0498 million CNY [2] - The Huaxia Xingyang One-Year Holding Mixed Fund (009010), managed by Liu Wencheng, was established on March 18, 2020, with a latest scale of 1.103 billion CNY. The fund has a year-to-date return of 4.7%, ranking 7063 out of 8140 in its category, and a one-year return of 0.02%, ranking 7744 out of 8056. Since its inception, it has incurred a loss of 15.94% [2]

Market Overview - The rubber sector increased by 1.99% on November 13, with Kexin Innovation leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Key Stocks Performance - Kexin Innovation (300731) closed at 44.20, up 5.94% with a trading volume of 102,700 shares and a turnover of 448 million yuan [1] - Quancheng Co. (605183) closed at 20.72, up 5.55% with a trading volume of 68,900 shares and a turnover of 140 million yuan [1] - Heimao Co. (002068) closed at 10.45, up 4.81% with a trading volume of 376,800 shares and a turnover of 390 million yuan [1] - Other notable performers include Sanwei Equipment (920834) and Yuanxiang New Materials (301300), with increases of 4.13% and 3.89% respectively [1] Capital Flow Analysis - The rubber sector saw a net inflow of 4.0468 million yuan from main funds, while retail funds experienced a net inflow of 35.5246 million yuan [2][3] - Speculative funds had a net outflow of 39.5714 million yuan, indicating a shift in investment strategies among different types of investors [2][3] Individual Stock Capital Flow - Sanqiang Co. (002068) had a main fund net inflow of 28.2787 million yuan, while speculative funds saw a net outflow of 18.2234 million yuan [3] - Kexin Innovation (300731) experienced a main fund net inflow of 10.3333 million yuan, with a significant outflow from speculative funds [3] - Other stocks like Haida Co. (300320) and Lian Ke Technology (001207) also showed varying capital flows, reflecting investor sentiment [3]

Core Insights - The report emphasizes the ongoing supply-side reform policies in the steel industry, which aim to effectively control new capacity and promote the reduction of existing steel production capacity [2][5] - The new materials sector is highlighted for its promising prospects, with advancements in materials science leading to the emergence of innovative materials such as carbon nanotubes and amorphous alloys, which cater to specific industry needs [3][4] Group 1: Steel Industry Overview - The Ministry of Industry and Information Technology released a draft for the "Implementation Measures for Capacity Replacement in the Steel Industry," which restricts new capacity and mandates a replacement ratio of no less than 1.5:1 for iron and steel production [2][5] - Domestic crude steel production continues to decline, with a reported 7.46 million tons produced in the first nine months of 2025, a year-on-year decrease of 2.9% [37][40] - The report notes that the real estate sector's decline is slowing, with new housing starts down 18.9% year-on-year, but the rate of decline is less severe compared to previous years [3][87] Group 2: New Materials Sector - The report identifies significant developments in the new materials industry, particularly in the application of carbon nanotubes and amorphous alloys in sectors such as batteries and electric vehicles [3][4] - Amorphous alloys are noted for their efficiency in reducing energy consumption and manufacturing costs in electric vehicle motors, while nanocrystalline materials are gaining attention due to their application in solid-state transformers [4][106] - The demand for carbon nanotubes is expected to surge due to their critical role in solid-state battery technology, which enhances market opportunities for this material [3][5][122] Group 3: Recommended Companies - The report recommends several companies within the new materials sector, including Hebei Steel Resources, Tian Nai Technology, Yunlu Co., and Lian Ke Technology, highlighting their potential for growth and profitability [4][5][17]

Core Viewpoint - LianKe Technology is a leading domestic producer of silica and carbon black, with a full industry chain advantage and high product quality and technology level [1] Group 1: Business Performance - In Q3 2025, LianKe Technology reported revenue of 1.788 billion yuan, ranking 4th in the industry, below the top competitors but above the industry average [2] - The main business composition includes carbon black at 648 million yuan (53.45%) and silica at 532 million yuan (43.86%) [2] - The net profit for the same period was 232 million yuan, ranking 2nd in the industry, significantly higher than the industry average [2] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio was 26.57%, lower than the industry average of 35.03% [3] - The gross profit margin was 20.40%, higher than both the previous year and the industry average [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 5.83% to 17,300 [5] - The average number of circulating A-shares held per shareholder decreased by 5.20% [5] Group 4: Future Outlook - In H1 2025, revenue increased by 14.12% year-on-year, with net profit rising by 27.64% [6] - The company plans to invest 392 million yuan in a new project for high-pressure cable shielding materials, which is expected to create a new revenue growth curve [6] - Revenue projections for 2025-2027 are 2.993 billion, 3.329 billion, and 3.925 billion yuan, with corresponding net profits of 352 million, 433 million, and 551 million yuan [6]

Market Overview - The rubber sector experienced a decline of 0.56% on October 29, with Tian Tie Technology leading the losses [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Li Tong Technology saw a significant increase of 30.00%, closing at 42.90, with a trading volume of 139,900 shares and a transaction value of 536 million [1] - Other notable gainers included Sanwei Equipment (+5.35%), Keqiang Co. (+3.73%), and Zhongyu Technology (+3.53%) [1] - Tian Tie Technology, however, fell by 2.53%, closing at 7.72, with a trading volume of 194,600 shares and a transaction value of 152 million [2] Capital Flow - The rubber sector experienced a net outflow of 113 million from main funds, while retail investors saw a net inflow of 87.95 million [2] - The main funds showed a negative net flow in several stocks, including Sanwei Co. and Tian Tie Technology, indicating a cautious sentiment among institutional investors [3] Individual Stock Analysis - Ke Chuang Xin Yuan had a net inflow of 44.34 million from main funds, but also saw a net outflow from retail investors [3] - Longxing Technology and Yongdong Co. experienced mixed capital flows, with retail investors showing some interest despite overall negative trends in main fund flows [3]

Core Viewpoint - The A-share market is experiencing a significant increase in cash dividends, with over 600 listed companies distributing more than 300 billion yuan in cash dividends for the first half of the year, indicating a shift towards a return-focused capital market [1][2]. Group 1: Dividend Distribution - As of October 24, over 30 A-share companies, including China Ping An and China Unicom, have completed their cash dividend distributions for the first half of 2025 [2]. - The total cash dividend amount for A-share companies reached 649.7 billion yuan, with a payout ratio of 31.97%, slightly up from the previous year [2][3]. - Central enterprises are leading the way in dividend distribution, with companies like China Mobile and China Petroleum distributing over 100 billion yuan each [2]. Group 2: Future Dividend Plans - More than 3 billion yuan in cash dividends are still pending distribution, with major banks and coal companies expected to contribute significantly [3]. - The third-quarter dividend window has opened, with over 30 companies planning to distribute more than 4 billion yuan in dividends [3]. - Companies are increasingly adopting a multi-dividend strategy, with firms like WuXi AppTec and CRRC announcing their first interim dividends this year [3]. Group 3: Dividend Yield and Investor Sentiment - The average dividend yield for companies that have distributed dividends is 2.52%, with over 90 companies yielding more than 3% [4]. - The proactive approach of companies in returning capital to shareholders has been recognized, with total distributions over the past five years reaching 10.6 trillion yuan, significantly higher than previous periods [4]. - Companies are making long-term commitments to shareholder returns, with some planning to distribute at least 70% of their net profits as dividends from 2025 to 2027 [4]. Group 4: Investment Perspective - The stable dividend distribution in the A-share market is attracting more attention to dividend assets, which are viewed as long-term investments rather than short-term speculative plays [5]. - Investors are encouraged to focus on the sustainability of dividend payments rather than short-term stock price fluctuations, reinforcing the long-term logic behind dividend investments [5].