西安市高新区锦业路绿地中心 B 座 46 层 邮编：710065 联系电话：029-8819 9711 46th Floor, B Tower, Greenland Center, Jinye Road, High-tech District, Xi'an, Shaanxi, China 国浩律师（西安）事务所 关于西部金属材料股份有限公司 2024 年年度股东大会的 法律意见书 致：西部金属材料股份有限公司 根据《中华人民共和国证券法》（以下简称"证券法"）、《中华人民共和国公 司法》（以下简称"《公司法》"）等法律、行政法规和规范性文件的规定，国浩律 师（西安）事务所（以下简称"本所"或"国浩"）接受西部金属材料股份有限 公司（以下简称"公司"）的委托，指派律师出席公司 2024 年年度股东大会（以 下简称"本次股东大会"）并对本次股东大会的相关事项进行见证，依法出具本 法律意见书。 国浩及经办律师依据《证券法》、《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意见书出具日 以前已经发生或存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用 原则，进行 ...

Summary of Key Points Core Viewpoint - The aviation engine industry in China is primarily dominated by a few key players, with a significant focus on innovation, research and development, and market expansion to enhance their competitive edge in both military and civilian sectors [1][18]. Group 1: Industry Overview - The aviation engine manufacturing segment includes four main types: turbojet, turbofan, turboshaft, and turboprop engines, largely monopolized by the China Aviation Engine Group [1]. - Key companies in the industry include Aviation Power (航发动力), Aviation Technology (航发科技), and Aviation Control (航发控制), among others [1][3]. Group 2: Company Performance - Aviation Power reported a revenue of 449.94 billion yuan in 2024, leading the industry in terms of revenue [16]. - The average gross margin for listed companies in the aviation engine sector is around 25%, with individual margins ranging from 10% to 35% [16]. - Aviation Control achieved a gross margin of 28.11% in 2024, reflecting its strong technological innovation capabilities [16]. Group 3: Business Layout and Market Position - Aviation Power and Aviation Technology have over 50% of their business focused on aviation engines, indicating a strong commitment to this sector [13]. - The regional distribution of companies shows that titanium alloy leaders are mainly located in Shaanxi, while other material representatives are concentrated in the East China region [5]. Group 4: Future Business Plans - Companies are focusing on innovation and R&D investments to expand their aviation engine business, with plans to enhance their capabilities in high-temperature alloy components and precision casting [19]. - Aviation Technology aims to participate in the development of the C919 aircraft's engines and expand its international subcontracting business [19]. Group 5: Key Financial Metrics - The largest revenue-generating company in the aluminum and high-strength steel sector is China Aluminum, with a revenue of 2370.66 billion yuan [4]. - The revenue of Aviation Power in the aviation engine sector is projected to exceed 400 billion yuan in 2024, highlighting its market leadership [4]. Group 6: Patent and Employee Information - China Aluminum and Aviation Power hold over 1000 patents, indicating a strong focus on innovation [8]. - Southern Airlines has the largest employee count among listed companies, exceeding 100,000 [8].

Investment Rating - The industry investment rating is "Positive" [2] Core Viewpoints - The report emphasizes the importance of developing deep-sea technology as a new engine for economic growth, with the deep-sea technology-related industries expected to exceed 3.25 trillion yuan by 2025, accounting for over 25% of the marine economy [5][14] - The report highlights the strategic shift of China from a "maritime power" to a "maritime strong power," with deep-sea technology becoming a key focus of national strategy [12][14] - The report identifies four major directions for deep-sea technology: marine resource development, marine technology, marine environmental protection, and marine rights protection [19][57] Summary by Sections What is Deep-Sea Technology? - Deep-sea technology refers to advanced technologies and related disciplines used for exploring, developing, and utilizing deep-sea resources and studying the deep-sea environment [4] Why Develop Deep-Sea Technology? - It is crucial for economic structural transformation and national security, with deep-sea technology expected to play a significant role in safeguarding national interests and resource rights [5] Directions of Deep-Sea Technology - Key areas include marine resource development (renewable energy, deep-sea mining, fisheries, oil and gas), marine technology (carriers, sensors, special materials), environmental protection (green ships, island engineering), and rights protection (polar engineering, integrated information networks) [6][19] Investment Recommendations - Focus on sectors with production material or new infrastructure attributes, specifically deep-sea equipment, deep-sea information technology, deep-sea exploration, and deep-sea special materials [7][59] - Recommended companies include: - Deep-sea equipment: Yaxing Anchor Chain, Zhenhua Heavy Industries, China Shipbuilding, China Power, China Shipbuilding Defense [7][59] - Deep-sea information technology: Zhongtian Technology, Oriental Cable [9][59] - Deep-sea exploration: China Marine Defense, Weiguang Co., Ltd. [9][59] - Deep-sea materials: BaoTi Co., Ltd., Western Materials, Western Superconducting [9][59]

证券代码：002149 证券简称：西部材料 公告编号：2025-020 西部金属材料股份有限公司 关于公司高级管理人员辞职的公告 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。 西部金属材料股份有限公司（以下简称"公司"）董事会于近日收到公司 副总经理葛鹏先生提交的书面辞职报告，葛鹏先生因个人原因，申请辞去西部 金属材料股份有限公司副总经理职务。辞职生效后，葛鹏先生将不在西部金属 材料股份有限公司及控股子公司担任任何职务。 根据《中华人民共和国公司法》及《公司章程》等有关规定，葛鹏先生的 辞职报告自送达董事会之日起生效。葛鹏先生原任期于2026年4月20日届满。 截至本公告披露日，葛鹏先生未直接或间接持有公司股份，且不存在应履行 而未履行的承诺。葛鹏先生辞职后，在原定任期内及任期届满后六个月内仍将继 续遵守《上市公司股东减持股份管理暂行办法》《上市公司董事和高级管理人员 所持本公司股份及其变动管理规则》《深圳证券交易所上市公司自律监管指引第 18号——股东及董事、高级管理人员减持股份》等相关法律法规对任期届满前离 任高级管理人员股份转让的规定。葛鹏先生在任职期 ...

证券代码：002149 证券简称：西部材料 公告编号：2025-019 西部金属材料股份有限公司关于参加"2025年陕西辖区 上市公司投资者集体接待日暨2024年度业绩说明会"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。 为促进上市公司规范运作、健康发展，增强上市公司信息透明度，加强与广 大投资者沟通交流，进一步提升投资者关系管理水平，陕西上市公司协会在陕西 证监局指导下，联合深圳市全景网络有限公司举办"2025 年陕西辖区上市公司 投资者集体接待日暨 2024 年度业绩说明会"。 届时，公司高管人员（具体参会人员以实际出席为准）将通过互动平台与投 资者进行网络沟通和交流，欢迎广大投资者踊跃参加！ 一、说明会召开的时间及方式 活动时间：2025 年 5 月 20 日 15:00-17:00 活动地址："全景路演" 网址：http://rs.p5w.net 二、投资者参与方式 （一）投资者可以在活动当天登录"全景路演"平台（http://rs.p5w.net）， 选择本公司后在线参与本次业绩说明会。 （二）为充分尊重投资者、提升交流的针对性，现就本次业 ...

Core Viewpoint - The company is experiencing short-term performance fluctuations due to external environmental factors and insufficient effective demand, but its strong position in the high-end titanium material processing industry and the smooth progress of key projects are expected to lead to continuous performance improvement [1]. Investment Highlights - The target price is maintained at 23.69 yuan with an "Accumulate" rating. Despite short-term performance fluctuations, the company is a core supplier in the domestic rare metal materials processing sector. EPS forecasts for 2025 and 2026 are 0.59 yuan and 0.74 yuan respectively, with a 2027 forecast of 0.9 yuan. Based on a comparable company average PE of 38 times for 2025, and considering the company's complete processing and manufacturing chain, a PE of 40.15 times is assigned for 2025, maintaining the target price of 23.69 yuan and the "Accumulate" rating [2]. - In 2024, the company is expected to achieve revenue of 2.946 billion yuan (-8.7%) and a net profit attributable to shareholders of 158 million yuan (-19.59%). In Q1 2025, revenue is projected at 754 million yuan (+7.01%) with a net profit of 32 million yuan (-12.39%). R&D investment continues to increase, with 173 million yuan allocated in 2024, a research expense ratio of 6.79% (+1.06 percentage points), reaching a recent peak, which is expected to further expand market opportunities [2]. Company Positioning - The company is deeply engaged in the high-performance metal materials sector, serving strategic emerging industries such as aerospace and weaponry, providing critical material support for the localization of major equipment, and is a core supplier in the domestic rare metal materials processing field [3]. - The company possesses a complete processing and manufacturing chain, with core processes such as smelting, forging, rolling, finishing, composite and post-processing, and deep processing all under its control, which is expected to drive continuous revenue growth [3]. - Key projects such as the "Large-scale Low-cost Titanium Alloy Production Line for Marine Engineering" and the "Upgrading and Industrialization of Metal Composite Materials for Clean Energy" have been completed, and the "Industrialization Project for High-performance Refractory Metal Materials for Aerospace and Nuclear Applications" has been initiated, further consolidating the company's industry position and enhancing core competitiveness [3]. - The company has established a military market committee and other departments to leverage overall advantages, strengthen resource sharing, systematically develop new products, and expand into new fields, resulting in 68 new customers and over 600 million yuan in orders for new products and fields in 2024 [3]. Catalysts - The acceleration of equipment construction in special fields downstream of titanium materials and the construction of nuclear power projects are expected to serve as catalysts for growth [4].

西部金属材料股份有限公司 董事会 董事会关于独立董事独立性情况评估的专项意见 西部金属材料股份有限公司（以下简称"公司"）董事会根据《上市公司独 立董事管理办法》《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》等的规定，公司董事会就报告 期末在任独立董事杨丽荣、董南雁、杨冠军的独立性情况进行了评估并出具如下 意见： 经核查，报告期末在任独立董事杨丽荣、董南雁、杨冠军的任职情况以及签 署的相关自查文件，上述人员未在公司担任除独立董事及董事会专门委员会委员 以外的任何职务，也未在公司主要股东公司担任任何职务，与公司以及主要股东 之间不存在利害关系或其他可能妨碍其进行独立客观判断的关系，不存在影响独 立董事独立性的情况，符合《上市公司独立董事管理办法》《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》等中对独立董事独立性 的相关要求。 西部金属材料股份有限公司 2025 年 4 月 29 日 ...

2024 年度独立董事述职报告 西部金属材料股份有限公司 二、独立董事年度履职概况 （一）2024 年度出席董事会、股东大会的情况 2024 年度，公司共召开了 9 次董事会会议，6 次股东大会，本人出席情况如下： | | | | 独立董事出席董事会情况 | | | | | --- | --- | --- | --- | --- | --- | --- | | 独立董 | 本报告期应参 | 现场出 | 以通讯方式 | 委托出 | 缺席 | 是否连续两次未 | | 事姓名 | 加董事会次数 | 席次数 | 参加次数 | 席次数 | 次数 | 亲自参加会议 | | 董南雁 | 9 | 5 | 4 | 0 | 0 | 否 | | | | | 独立董事出席股东大会情况 | | | | | 独立董 事姓名 | 本报告期应参加股东大会次数 | | 出席次数 | | | | | 董南雁 | 6 | | | | 6 | | 公司董事会及股东大会的召集召开符合法定程序，重大经营决策事项和其他重大 事项均履行了相关程序，合法有效。 各位股东及股东代表： 作为西部金属材料股份有限公司（以下简称：公司）的独立董事，本人 2024 年 ...

西部金属材料股份有限公司 2024 年度独立董事述职报告 各位股东及股东代表： 作为西部金属材料股份有限公司（以下简称：公司）的独立董事，本人 2024 年严 格按照《公司法》《上市公司独立董事管理办法》《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》《公司章程》以及公司《独立董事工作制 度》等相关法律、法规、制度的规定和要求，忠实履行职责，认真审议董事会各项议 案，并对公司相关事项发表独立意见，充分发挥了独立董事的作用，维护了公司整体 利益，维护了全体股东尤其是社会公众股东的合法权益。现将 2024 年度履行独立董事 职责情况向各位股东汇报如下： 一、独立董事个人基本情况 杨冠军，男，汉族，1977 生，中共党员，博士研究生学历。国家级领军人才，国 家重点研发计划项目首席。2002 年起任教于西安交通大学。2024 年 1 月至今担任公司 独立董事。 | 序号 | 会议届次 | 时间 | | 事项 | 发表的 意见类型 | | --- | --- | --- | --- | --- | --- | | 1 | 第八届董事会 第一次独立董 | 2024 | 年1 月 | 审议《关于 ...

西部金属材料股份有限公司 一、独立董事个人基本情况 | | | | 独立董事出席董事会情况 | | | | | --- | --- | --- | --- | --- | --- | --- | | 独立董 | 本报告期应参 | 现场出 | 以通讯方式 | 委托出 | 缺席 | 是否连续两次未 | | 事姓名 | 加董事会次数 | 席次数 | 参加次数 | 席次数 | 次数 | 亲自参加会议 | | 杨丽荣 | 9 | 6 | 3 | 0 | 0 | 否 | | | | | 独立董事出席股东大会情况 | | | | | 独立董 事姓名 | 本报告期应参加股东大会次数 | | 出席次数 | | | | | 杨丽荣 | 6 | | | | 6 | | 杨丽荣，女，汉族，1963 年生，民建会员，经济学硕士，曾任西安交通大学经济 与金融学院副教授、硕士生导师。历任粤开证券（原联讯证券）股份有限公司、陕西 省国际信托股份有限公司、深圳天威视讯股份有限公司独立董事，桂林银行股份有限 公司独立董事。2019 年 8 月至今任公司独立董事。 报告期内，本人不存在影响独立董事独立性的情况，符合《上市公司独立董事管 理办法》《 ...