西部材料公告称，其控股子公司菲尔特因筹划重大资产重组事项相关工作尚未完成，无法按时披露重组 预案或报告书，根据相关规定，菲尔特股票将延期复牌，预计于2025年11月20日前复牌。此次重组事项 尚处于筹划阶段，实施存在不确定性。 ...

证券代码：002149 证券简称：西部材料 公告编号：2025-042 西部金属材料股份有限公司 特此公告。 西部金属材料股份有限公司 董事会 2025 年 10 月 18 日 关于控股子公司延期复牌的提示性公告 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。 西部金属材料股份有限公司（以下简称"公司"）控股子公司西安菲尔特金属 过滤材料股份有限公司（以下简称"菲尔特"，全国中小企业股份转让系统挂牌公 司，股票代码：873577）筹划重大资产重组事项，菲尔特公司股票自 2025 年 9 月 22 日起停牌。 因菲尔特筹划的重大资产重组事项相关工作尚未全部完成，无法在停牌期限 届满前披露重组预案或重组报告书。根据《全国中小企业股份转让系统挂牌公司 股票停复牌业务实施细则》《全国中小企业股份转让系统非上市公众公司重大资 产重组业务细则》等相关规定，菲尔特公司股票将延期复牌，预计将于2025 年 1 1 月 20 日前复牌。具体内容详见 2025 年 10 月 17 日刊载于全国中小企业股份转 让系统（http://www.neeq.com.cn/）的《西安菲尔特金 ...

Group 1 - The stock price of Western Materials has declined by 2.71% to 17.24 CNY per share, with a total market capitalization of 8.417 billion CNY, and a cumulative drop of 7.66% over the last four days [1] - The company specializes in the development, production, and sales of metal composite materials, metal fibers, refractory metal materials, and precious metal materials, primarily generating revenue from titanium products (69.83%) and other metal products (24.49%) [1] - The company is located in Xi'an Economic and Technological Development Zone, established on December 28, 2000, and listed on August 10, 2007 [1] Group 2 - Nord Fund has a significant holding in Western Materials, with its Nord Quantitative Blue Chip A fund reducing its stake by 9,848 shares in the second quarter, now holding 59,900 shares, which represents 3.43% of the fund's net value [2] - The fund has incurred a floating loss of approximately 28,800 CNY today and a total floating loss of 85,700 CNY during the four-day decline [2] - The Nord Quantitative Blue Chip A fund was established on December 29, 2017, with a current size of 289.9 million CNY and has achieved a year-to-date return of 10.92% [2]

Investment Rating - The report assigns an "Overweight" rating for the defense industry [9]. Core Viewpoints - The report highlights the successful launch of the "Yinli No. 1" rocket, which deployed three satellites, and notes the acceleration of unmanned transformation in multiple navies [2][7]. - It emphasizes that the intensification of great power competition is a long-term trend, suggesting that defense spending will increase as nations seek to ensure peace and security [8][9]. Summary by Sections Investment Highlights - Recommended stocks include: 1) Assembly: AVIC Shenyang Aircraft (600760.SH), Aerospace South Lake (688552.SH), AVIC Xi'an Aircraft (000768.SZ) 2) Components: AVIC Optoelectronics (002179.SZ), Guobo Electronics (688375.SH), Ruichuang Micro-Nano (688002.SH) 3) Subsystems: Aero Engine Corporation of China (600893.SH), AVIC Avionics (600372.SH), Northern Navigation (600435.SH) 4) Materials and Processing: Feilihua (300395.SZ), Guangwei Composite (300699.SZ), Huayin Technology (688281.SH) [9][10]. Market Review - The defense industry index rose by 0.24% last week, underperforming the broader market by 0.13 percentage points, ranking 16th out of 29 sectors [11][12]. - The report notes that the materials and processing sector performed particularly well during this period [11][12]. Major News in the Defense Industry - Domestic news includes the deployment of a naval escort fleet to the Gulf of Aden and the upcoming "Peace and Friendship-2025" joint exercise between China and Malaysia [21][25]. - Internationally, several navies, including those of the UK, France, the US, and South Korea, are advancing unmanned capabilities and enhancing collaborative operations between manned and unmanned systems [27][28].

证券日报网讯 10月14日晚间，西部材料发布公告称，2025年半年度权益分派方案为向全体股东每10股 派1元人民币现金（含税）。股权登记日为2025年10月21日，除权除息日为2025年10月22日。 （编辑 姚尧） ...

证券代码：002149 证券简称：西部材料 公告编号：2025-041 西部金属材料股份有限公司 2025 年半年度权益分派实施公告 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。 西部金属材料股份有限公司（以下简称"西部材料公司"或"公司"）2025 年 半年度权益分派方案已获 2024 年度股东大会和第八届董事会第十八次会议审议 通过，现将权益分派事宜公告如下： 一、股东大会授权董事会审议通过利润分配方案等情况 本公司 2025 年半年度权益分派方案为：以公司现有总股本 488,214,274 股为基数，向全体股东每 10 股派 1.00 元人民币现金（含税；扣税后，通过深股 通持有股份的香港市场投资者、境外机构（含QFII、RQFII）以及持有首发前限 售股的个人和证券投资基金每 10 股派 0.90 元；持有首发后限售股、股权激励限 售股及无限售流通股的个人股息红利税实行差别化税率征收，本公司暂不扣缴 个人所得税，待个人转让股票时，根据其持股期限计算应纳税额【注】；持有 首发后限售股、股权激励限售股及无限售流通股的证券投资基金所涉红利税， 对香港投资者 ...

Core Viewpoint - Western Materials has shown a positive stock performance with a year-to-date increase of 5.26% and a recent uptick of 6.78% over the last five trading days, indicating investor interest and potential growth in the company [2]. Financial Performance - For the first half of 2025, Western Materials reported a revenue of 1.539 billion yuan, a slight decrease of 0.35% year-on-year, while the net profit attributable to shareholders was 61.1646 million yuan, down 36.03% year-on-year [3]. - Cumulative cash dividends since the company's A-share listing amount to 624 million yuan, with 317 million yuan distributed over the last three years [4]. Shareholder and Market Activity - As of September 10, 2025, the number of shareholders decreased by 8.35% to 57,700, while the average number of circulating shares per person increased by 9.10% to 8,465 shares [3]. - The stock has appeared on the "Dragon and Tiger List" once this year, with the most recent instance on August 6, where it recorded a net buy of -130 million yuan [2]. Stock Performance and Trading Volume - On October 13, the stock price rose by 2.05% to 18.42 yuan per share, with a trading volume of 347 million yuan and a turnover rate of 3.94%, leading to a total market capitalization of 8.993 billion yuan [1]. - The net inflow of main funds was 6.543 million yuan, with significant buying and selling activity from large orders [1]. Company Overview - Western Materials, established on December 28, 2000, and listed on August 10, 2007, operates in the non-ferrous metal processing industry, focusing on the development, production, and sales of metal composite materials, metal fibers, refractory metal materials, and precious metal materials [2]. - The main business revenue composition includes titanium products (69.83%), other metal products (24.49%), and other income (5.68%) [2]. Institutional Holdings - As of June 30, 2025, notable institutional shareholders include Guotai Asset Management and E Fund Management, with significant increases in holdings for some funds [4].

Core Viewpoint - Western Materials has seen a significant increase in stock price, reflecting positive market sentiment and potential growth in the non-ferrous metal processing industry [1] Company Overview - Western Metal Materials Co., Ltd. is located in Xi'an Economic and Technological Development Zone, established on December 28, 2000, and listed on August 10, 2007 [1] - The company specializes in the development, production, and sales of metal composite materials, metal fibers, refractory metal materials, precious metal materials, and equipment, belonging to the non-ferrous metal processing industry [1] - The main revenue composition includes titanium products (69.83%), other metal products (24.49%), and other income (5.68%) [1] Fund Holdings - Nord Fund has a significant holding in Western Materials, with the Nord Quantitative Blue Chip A (005082) reducing its stake by 9,848 shares in the second quarter, holding 59,900 shares, which accounts for 3.43% of the fund's net value, ranking as the sixth-largest holding [2] - The fund has achieved a floating profit of approximately 52,700 yuan today [2] Fund Manager Information - The fund manager of Nord Quantitative Blue Chip A is Zeng Wenhong, who has been in the position for 8 years and 50 days, managing a total asset scale of 280 million yuan [3] - During his tenure, the best fund return was 22.79%, while the worst was 4.8% [3]

Core Insights - The article emphasizes the strategic importance of marine titanium in addressing corrosion and structural challenges in marine engineering, shipbuilding, and seawater utilization, highlighting its role in enhancing the reliability, durability, and economic viability of marine equipment [1][7][11]. Industry Overview - Marine titanium refers specifically to titanium and titanium alloys used in marine environments and related industries, characterized by excellent corrosion resistance, high specific strength, low density, and non-magnetic properties [2][3]. - The Chinese government has prioritized the development of marine titanium, integrating "deep-sea technology" into national strategic emerging industries by 2025, which supports the large-scale application of titanium materials in deep-sea exploration, manned submersibles, and oil and gas extraction [1][7]. Industry Chain - China's marine titanium industry chain includes upstream titanium ore mining, midstream sponge titanium smelting and processing, and downstream high-end applications, with leading companies like Baotai and Western Superconducting playing significant roles [1][7][10]. - The industry is experiencing rapid growth, with the marine engineering equipment manufacturing sector projected to have a compound annual growth rate (CAGR) of 15.54% from 2022 to 2024, indicating a significant increase in titanium demand [1][10]. Current Development Status - From 2019 to 2024, China's titanium processing output is expected to grow from 75,300 tons to 172,000 tons, with sales increasing from 68,900 tons to 151,000 tons, reflecting a CAGR of 18% and 17% respectively [9][10]. - Despite the low penetration of titanium in marine engineering, projected demand for marine engineering titanium is expected to reach approximately 2,555 tons by 2024, with further growth anticipated as deep-sea exploration and development plans advance [10][13]. Future Development Trends - The marine titanium industry is expected to evolve through strategic drivers, technological breakthroughs, and expanded applications, with a focus on high-performance and low-cost dual pathways [17][18]. - The demand for marine titanium will diversify beyond traditional applications in ships and submersibles to include emerging sectors such as offshore wind power, underwater data centers, and blue energy, promoting a shift towards integrated solutions in the industry [19].

Core Viewpoint - The company, Western Materials, has elected Ms. Zhang Xuehua as the employee representative director for its eighth board of directors [1] Group 1 - The announcement was made on the evening of September 29 [1] - Ms. Zhang Xuehua's election reflects the company's commitment to employee representation in its governance structure [1]