Overview - The metallurgical industry in China is focusing on energy conservation and emission reduction, aiming to minimize energy consumption and pollutant emissions while ensuring product quality and output [1][9][21] - In 2024, total investment in energy conservation and emission reduction by metallurgical enterprises is projected to decrease to 42 billion yuan, with energy-saving benefits dropping to 13 billion yuan [11] Market Policies - The Chinese government has implemented a series of policies to promote energy conservation and carbon reduction in the metallurgical industry, including action plans and guidelines aimed at reducing energy consumption and carbon emissions [4][6] - Specific targets for comprehensive energy consumption and carbon emission intensity in the steel industry have been established to guide the development of energy conservation and emission reduction efforts [4][6] Industry Chain - The energy conservation and emission reduction industry in metallurgy includes manufacturers of energy-saving equipment, technology providers, and software service providers [7] - The upstream supply chain consists of raw material suppliers, component manufacturers, and research institutions, while the downstream market primarily targets the steel and non-ferrous metal industries [7] Current Development - In 2023, the metallurgical industry consumed 680 million tons of standard coal and emitted 1.98 billion tons of CO2, with significant reductions expected in 2024 due to policy support [9][11] - The environmental cost per ton of steel is approximately 138 yuan, with carbon trading revenues estimated at 3.5 billion yuan [11] Competitive Landscape - Major players in the industry include large metallurgical groups like Baowu Steel and Hebei Iron and Steel, which are leading the development of energy-saving technologies [13][16] - Specialized energy-saving technology companies, such as China Metallurgical Group, focus on specific areas like waste heat recovery and flue gas purification [13][18] Future Trends - The dual carbon goals and related policies will continue to drive the metallurgical industry towards stricter energy consumption and emission standards [21] - The adoption of electric furnace short-process steelmaking technology is expected to increase, gradually shifting the industry away from traditional long-process methods [21]

证券代码：002088 证券简称：鲁阳节能 公告编号：2025-030 山东鲁阳节能材料股份有限公司 2025年半年度业绩预告 （一）业绩预告期间 2025年1月1日至2025年6月30日 （二）业绩预告情况 □扭亏为盈 □同向上升 √同向下降 | 归属于上市公司股 东的净利润 | 盈利：7,921.72万元 —9,682.11万元 | 盈利：20,694.59万元 | | --- | --- | --- | | | 比上年同期下降：53.21% —61.72% | | | 扣除非经常性损益 后的净利润 | 盈利：7,675.39万元—9,435.78万元 | 盈利：20,563.11万元 | | | 比上年同期下降：54.11% —62.67% | | | 基本每股收益 | 盈利：0.1511元/股—0.1847元/股 | 盈利：0.4005元/股 | 本次业绩预告相关财务数据是公司财务部门初步测算的结果，未经会计师事务所 审计。公司已就业绩预告有关事项与年报审计会计师事务所进行了预沟通，公司与会 计师事务所在本报告期的业绩预告方面不存在分歧。 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 ...

证券代码：002088 证券简称：鲁阳节能 公告编号：2025-029 山东鲁阳节能材料股份有限公司 关于变更公司经理及法定代表人的公告 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。 山东鲁阳节能材料股份有限公司（以下简称"公司"）于2025年7月2日以书面传签 方式召开第十一届董事会第十五次（临时）会议并于2025年7月3日形成会议决议，审议 通过了《关于变更公司经理及法定代表人的议案》。现将相关事项公告如下： 因公司经营管理需要，董事会对部分高级管理人员进行调整，Brian Eldon Walker 先生不再担任公司经理职务。Brian Eldon Walker先生卸任经理职务后将继续担任公司 总裁、董事、董事会战略委员会及薪酬与考核委员会委员职务。 根据《山东鲁阳节能材料股份有限公司章程》之规定，公司经理为公司的法定代表 人，崔子娆女士将同时担任公司法定代表人。崔子娆女士担任公司经理职务后，不再担 任公司副经理职务，将继续担任公司董事会秘书职务。 特此公告。 山东鲁阳节能材料股份有限公司董事会 二〇二五年七月五日 附件：崔子娆女士简历 崔子娆，女，中国 ...

山东鲁阳节能材料股份有限公司 证券代码：002088 证券简称：鲁阳节能 公告编号：2025-028 因公司经营管理需要，董事会对部分高级管理人员进行调整，Brian Eldon Walker 先生不再担任公司经理职务。董事会聘任崔子娆女士为公司经理，任期自本次董事会 审议通过之日起至第十一届董事会任期届满之日止。根据《山东鲁阳节能材料股份有 限公司章程》之规定，公司经理为公司的法定代表人，崔子娆女士将同时担任公司法 定代表人。崔子娆女士担任公司经理职务后，不再担任公司副经理职务，将继续担任 公司董事会秘书职务。 本议案已经公司董事会提名委员会审议通过。 第十一届董事会第十五次（临时）会议决议公告 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。 一、董事会会议召开情况 山东鲁阳节能材料股份有限公司（以下简称"公司"）第十一届董事会第十五次 （临时）会议通知于 2025 年 6 月 30 日以电子邮件的方式发送全体董事，本次会议于 2025 年 7 月 2 日以书面传签的方式召开，并于 2025 年 7 月 3 日形成会议决议。会议应 参与表决董事 8 人，实际 ...

Core Viewpoint - The insulation and heat preservation materials industry is a crucial part of the national economy, aligning with the trends of green energy efficiency and low carbon development. The market size is expected to decline in 2024 but shows potential for recovery in 2025 due to industrialization and increased efficiency in construction processes [1][5][22]. Industry Definition and Classification - Insulation materials are defined as materials used to resist heat flow, including both insulation and cooling materials. They are applicable in various sectors such as thermal equipment, pipelines, and buildings [2][3]. Industry Development Status - The market size for new insulation materials in China grew from 752.1 billion yuan in 2016 to 1657.1 billion yuan in 2021, but is projected to decrease to 1270.7 billion yuan in 2024, with a slight recovery to approximately 1289.2 billion yuan in 2025 [6][7]. The urbanization rate in China has increased from 17.9% in 1978 to 67% in 2024, indicating further growth potential for the insulation materials market [5]. Industry Chain - The industry chain includes upstream raw materials such as basalt and polystyrene, midstream manufacturing of insulation materials, and downstream applications in building energy efficiency, industrial pipelines, and emerging sectors like cold chain logistics [9]. Competitive Landscape - The insulation materials industry in China is characterized by numerous small-scale manufacturers, with leading companies having a competitive edge due to their established technology and market presence. Major players include Hunan Wujian Light Chemical Group, Fujian Sait New Materials, and Shandong Luyang Energy-Saving Materials [15][16]. Key Enterprises - Key companies in the insulation materials sector include: - **Fujian Sait New Materials Co., Ltd.**: A leading manufacturer of vacuum insulation materials, with a revenue of 9.15 billion yuan from vacuum insulation boards in 2024 [18]. - **Shandong Luyang Energy-Saving Materials Co., Ltd.**: The largest producer of ceramic fiber products in China, with a production capacity of 590,000 tons annually [20]. Industry Development Trends - The insulation materials industry is expected to evolve towards industrialization, with advancements in technology and a focus on green and intelligent construction materials. The sector is crucial for energy conservation in buildings, with significant progress in related technologies [22].

Core Viewpoint - The company has successfully completed the first unlock period of its 2024 restricted stock incentive plan, allowing for the listing and circulation of a portion of the restricted shares [6][10]. Group 1: Incentive Plan Approval and Implementation - The company held meetings on May 22, 2025, to approve the conditions for the first unlock period of the 2024 restricted stock incentive plan [1]. - The plan underwent necessary approval procedures, including public solicitation of voting rights and feedback from employees [2][3]. Group 2: Unlock Conditions and Performance Assessment - The first unlock period for the restricted shares lasts from May 16, 2024, to May 15, 2025, with a 30% unlock ratio of the total granted shares [6]. - The performance assessment for the unlock conditions includes company-level targets such as achieving an EBITDA of 800 million yuan for 2024, with a completion rate of 100% required for full unlock [7][8]. Group 3: Unlock Share Distribution - A total of 768,600 shares will be unlocked for 72 eligible incentive recipients, with the remaining shares still under restriction [8][10]. - The company will repurchase and cancel 2,315,000 shares from 41 former incentive recipients who no longer qualify due to leaving the company [10]. Group 4: Changes in Share Structure - Following the unlock, the total share capital remains at 513,122,586 shares, with no changes in the proportion of restricted and unrestricted shares [10]. Group 5: Legal and Documentation - The company will maintain legal documentation regarding the first unlock period of the incentive plan [11].

证券代码：002088 证券简称：鲁阳节能 公告编号：2025-027 山东鲁阳节能材料股份有限公司 关于2024年限制性股票激励计划首次授予部分 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、本次符合解除限售条件的激励对象为 72 人，可解除限售的限制性股票数量为 768,600 股，占公司目前总股本的 0.1498%。 2、本次解除限售的限制性股票上市流通日为 2025 年 7 月 2 日。 山东鲁阳节能材料股份有限公司（以下简称"公司"）于 2025 年 5 月 22 日召开第十 一届董事会第十四次（临时）会议和第十一届监事会第十二次（临时）会议，审议通过 了《关于 2024 年限制性股票激励计划首次授予部分第一个解除限售期解除限售条件成 就的议案》，公司 2024 年限制性股票激励计划（以下简称"本激励计划"）首次授予部分 第一个解除限售期解除限售条件已经成就。根据《公司 2024 年限制性股票激励计划（草 案）》（以下简称"《激励计划（草案）》"）的规定和公司 2024 年第一次临时股东大会 的授权，公司办理了本激励计划首次授予部分 ...

Core Viewpoint - The company has announced its 2024 annual profit distribution plan, which includes a cash dividend of 8.00 RMB per 10 shares for all shareholders, with specific tax considerations for different types of investors [1][5]. Group 1: Profit Distribution Plan - The profit distribution plan was approved at the 2024 annual shareholders' meeting held on May 19, 2025, and the announcement was published on May 20, 2025 [1][3]. - The total share capital of the company is 513,122,586 shares, and the cash dividend will be distributed based on this figure [5]. - The cash dividend will be 8.00 RMB per 10 shares (before tax), with different tax treatments for various categories of shareholders [5]. Group 2: Dividend Payment Dates - The record date for the dividend distribution is set for June 12, 2025, and the ex-dividend date is June 13, 2025 [5][6]. Group 3: Dividend Distribution Method - The cash dividends will be directly credited to the accounts of shareholders through their securities companies on the ex-dividend date [7]. - The company assumes all legal responsibilities if there are insufficient funds for dividend distribution due to a decrease in shareholders' account shares during the application period [8]. Group 4: Adjustments Related to Stock Incentive Plan - Following the completion of the profit distribution, the repurchase price for the restricted stock incentive plan will be adjusted to 5.56 RMB per share [9].

Core Viewpoint - The company has approved a profit distribution plan for the fiscal year 2024, which includes a cash dividend of 8.00 RMB per 10 shares for all shareholders, with specific tax considerations for different types of investors [1][2]. Profit Distribution Plan - The profit distribution plan was approved at the annual shareholders' meeting held on May 19, 2025, with a total share capital of 513,122,586 shares as the basis for the distribution [1]. - The cash dividend of 8.00 RMB per 10 shares is inclusive of tax, with different tax treatments for various investor categories [1][2]. - For Hong Kong market investors and certain foreign institutions, the cash dividend will be 7.20 RMB per 10 shares after tax [1]. Dividend Payment Dates - The record date for the dividend distribution is set for June 12, 2025, and the ex-dividend date is June 13, 2025 [2]. Dividend Recipients - The recipients of the dividend will be all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, as of the close of trading on June 12, 2025 [2]. Dividend Distribution Method - The cash dividends will be directly credited to the shareholders' accounts through their securities companies or other custodial institutions [2]. Adjustment of Related Parameters - Following the completion of the profit distribution, the repurchase price for the restricted stock incentive plan will be adjusted to 5.56 RMB per share [3].

一、股东大会审议通过利润分配方案情况 1、山东鲁阳节能材料股份有限公司（以下简称"公司"）2024 年年度权益分派方 案已获 2025 年 5 月 19 日召开的 2024 年年度股东大会审议通过，股东大会决议公告于 2025 年 5 月 20 日刊登在《证券时报》《中国证券报》《上海证券报》和巨潮资讯网 （http://www.cninfo.com.cn）。公司 2024 年度利润分配方案为：以公司实施 2024 年度 权益分派方案时股权登记日的总股本为基数，向全体股东每 10 股派发现金红利 8.00 元（含税），不送红股，不以公积金转增股本。本次权益分派实施前，如公司总股本因 新增股份上市、股权激励行权、股份回购等发生变化的，公司将按照分配比例不变的原 则，以公司未来实施利润分配方案时股权登记日的可参与利润分配的股本为基数进行 利润分配，对利润分配总额进行相应调整。 2、自分配方案披露至实施期间，公司股本总额未发生变化。 3、本次实施的分配方案与公司 2024 年年度股东大会审议通过的分配方案及其调 整原则一致。 4、本次实施分配方案距离公司 2024 年年度股东大会审议通过的时间未超过两个 月。 二、 ...