广东塔牌集团股份有限公司 第七届董事会第一次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 根据《广东塔牌集团股份有限公司章程》（以下简称"《公司章程》"）以及《董事会议 事规则》的相关规定，广东塔牌集团股份有限公司（以下简称"公司"）于 2025 年 12 月 25 日在公司总部办公楼四楼会议室以现场会议方式召开了第七届董事会第一次会议（会议在当天 召开的 2025 年第二次临时股东大会选举产生第七届董事会成员后召开，经全体董事同意，豁 免会议通知时间要求）。会议由过半数董事推举董事钟朝晖先生主持。本次会议应出席董事 9 位，实际出席董事 9 位，会议的召开与表决程序符合法律、行政法规、部门规章、规范性文件 及《公司章程》的规定。 经与会董事认真审议，表决通过如下决议： 一、以 9 票同意、0 票反对、0 票弃权审议通过《关于选举公司第七届董事会董事长、副 董事长的议案》 董事会选举钟朝晖先生为公司第七届董事会董事长，选举钟剑威先生为公司第七届董事会 副董事长，任期与第七届董事会董事任期相同。 证券代码：002233 证券简称：塔牌集团 公告编 ...

每经AI快讯，塔牌集团（SZ 002233，收盘价：9.17元）12月25日晚间发布公告称，公司第七届第一次 董事会会议于2025年12月25日在公司总部办公楼四楼会议室以现场会议方式召开。会议审议了《关于聘 任丘增海先生为公司审计部部长的议案》等文件。 2025年1至6月份，塔牌集团的营业收入构成为：工业占比99.2%，其他业务占比0.8%。 截至发稿，塔牌集团市值为109亿元。 每经头条（nbdtoutiao）——对话马斯克脑机接口"一号受试者"：大脑植入芯片23个月，我正重新夺回 人生的独立 （记者 王晓波） ...

证券代码：002233 证券简称：塔牌集团 公告编号：2025-064 广东塔牌集团股份有限公司 关于董事会、高级管理人员换届完成的公告 本公司及董事会全体成员保证信息披露的内容的真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 广东塔牌集团股份有限公司（以下简称"公司"）于 2025 年 12 月 25 日召开了 2025 年第 二次临时股东大会、第七届董事会第一次会议，完成了公司第七届董事会的选举及第七届高级 管理人员的聘任。现将具体情况公告如下： 一、公司第七届董事会成员 第七届董事会由 9 位董事组成，其中非独立董事：钟朝晖先生、钟剑威先生、赖宏飞先生、 徐志锋先生、张宇洵先生、李斌先生（职工董事）；独立董事：李伯侨先生、刁英峰先生、曾 玉霞女士；钟朝晖先生担任董事长，钟剑威先生担任副董事长。公司第七届董事任期为自 2025 年第二次临时股东大会决议通过之日起 3 年。 公司第七届董事会中兼任公司高级管理人员及由职工担任的董事人数总计不超过公司董 事总数的二分之一。 前述董事的简历详见公司于 2025 年 12 月 10 日在巨潮资讯网（http://www.cninfo.com.cn） 披露 ...

广东塔牌集团股份有限公司 关于选举职工董事的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 广东塔牌集团股份有限公司（以下简称"公司"）第六届董事会任期即将届满，根据《公司 法》《公司章程》等有关规定，公司近日召开了职工代表大会，选举李斌先生为公司第七届董事 会职工董事，简历见附件。 职工董事李斌先生与公司 2025 年第二次临时股东大会选举产生的董事共同组成公司第七届 董事会，任期与第七届董事会任期一致。李斌先生的任职资格符合《公司法》及《公司章程》等 规定，李斌先生当选公司职工董事后，公司董事会中兼任高级管理人员以及由职工代表担任的董 事人数未超过公司董事总数的二分之一，符合相关法律法规的要求。 特此公告 广东塔牌集团股份有限公司董事会 2025 年 12 月 25 日 证券代码：002233 证券简称：塔牌集团 公告编号：2025-061 附件：李斌先生简历 李斌，男，1967 年 11 月出生，大专学历。1989 年 7 月至 2009 年 5 月先后担任梅州市文 福水泥有限公司工会干部，蕉岭恒基建材有限公司副经理，本公司前身广东塔牌集团有限公司 ...

证券代码：002233 证券简称：塔牌集团 公告编号：2025-062 广东塔牌集团股份有限公司 2025 年第二次临时股东大会决议公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 4、会议召集人：公司董事会 特别提示： 1、本次股东大会没有出现否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、会议召开日期和时间： （1）现场会议时间：2025年12月25日14:15 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为2025年12月25 日9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投票的具体时间为 2025年12月25日9:15至15:00的任意时间。 2、现场会议召开地点：广东省蕉岭县蕉城镇塔牌集团办公楼四楼会议室。 3、会议召开方式：现场投票和网络投票相结合 5、会议主持人：董事长钟朝晖先生 6、会议的召集、召开与表决程序符合《公司法》、《上市公司股东大会规则》等有关法 律、法规、规范性文件和《公司章程》的规定。 7、会议出席情况 （ ...

北京市君合律师事务所 关于广东塔牌集团股份有限公司 2025 年第二次临时股东大会的法律意见书 致：广东塔牌集团股份有限公司 北京市君合律师事务所（以下简称"本所"）接受广东塔牌集团股份有限公司（以 下简称"公司"）的委托，指派本所经办律师出席了公司于 2025 年 12 月 25 日在广东 省蕉岭县蕉城镇塔牌集团办公楼四楼会议室召开的 2025 年第二次临时股东大会（以下 简称"本次股东大会"）的现场会议。现根据《中华人民共和国公司法》、《中华人民 共和国证券法》等中国（本法律意见书所指"中国"包括中华人民共和国大陆地区、香 港特别行政区、澳门特别行政区和台湾省，为本法律意见书之目的，仅指中华人民共和 国大陆地区）现行法律、法规和规范性文件（以下简称"法律、法规"）以及《广东塔 牌集团股份有限公司章程》（以下简称"公司章程"）、《广东塔牌集团股份有限公司 股东大会议事规则》（以下简称"公司股东大会议事规则"）的有关规定，就本次股东 大会有关事宜出具本法律意见。 本所经办律师依据本法律意见书出具日以前已经发生的事实并基于本所经办律师 对有关事实的了解和对法律、法规的理解发表法律意见。本所经办律师仅就本次股东大 ...

Group 1 - The cement sector experienced a decline of 1.84% on December 16, with Fujian Cement leading the drop [1] - The Shanghai Composite Index closed at 3824.81, down 1.11%, while the Shenzhen Component Index closed at 12914.67, down 1.51% [1] - Key stocks in the cement sector showed varied performance, with Sichuan Jinding rising by 6.45% to a closing price of 15.18, while Fujian Cement fell by 9.40% to 6.75 [1][2] Group 2 - The cement sector saw a net outflow of 79.98 million yuan from institutional investors and 96.21 million yuan from speculative funds, while retail investors had a net inflow of 176 million yuan [2] - Specific stock performances indicated that Sichuan Jinding had a net inflow of 1.64 million yuan from institutional investors, while Fujian Cement experienced a significant outflow of 9.40% [3] - The overall trading volume for the cement sector was substantial, with Sichuan Jinding achieving a transaction amount of 2.278 billion yuan [1][2]

Group 1 - The report highlights that the building materials industry has shown a strong performance since 2025, particularly in fiberglass, cement, and refractory materials, benefiting from significant price increases and improved supply-demand dynamics [1][12][14] - The consensus on "anti-involution" among companies has led to supply reductions or maintenance, while structural demand growth is observed in specific segments such as specialty electronic fabrics in fiberglass and overseas market expansion in cement [1][12] - The report anticipates that the building materials industry will continue to present structural opportunities in 2026, with specific focus on segments like float glass, tiles, pipes, and sanitary ware, which are still in the process of bottoming out [1][12] Group 2 - The report indicates that the cement industry is expected to see a profit recovery in 2025, with the profit turning point occurring before revenue, driven by capacity management and a decrease in coal prices [5][6][12] - The overseas market for cement is highlighted as a key growth area, with significant projects expected to contribute to earnings in 2026, such as Huaxin Cement's project in Malawi and West Cement's project in Uganda [5][6][12] - The fiberglass sector is projected to experience significant profit recovery, with multiple rounds of price increases and expanding demand from downstream applications, particularly in wind energy and electric vehicles [5][6][12] Group 3 - The report notes that the float glass sector continues to face challenges, with high inventory levels and weak demand leading to price pressures, while the industry is expected to undergo a reshuffling due to cost differentiation [6][12][25] - The report emphasizes the importance of focusing on leading companies in the building materials sector that possess strong brand competitiveness, scale advantages, and well-established distribution channels to capture dual benefits of market share growth and profit improvement [6][12][25] - Investment recommendations include focusing on leading companies in various segments such as waterproof materials, coatings, pipes, and tiles, as well as cement companies with strong cash flow and dividend commitments [6][12][25]

Core Insights - The central economic work conference emphasizes stabilizing the real estate market and combating "involution" in competition, aiming to promote the construction of "good houses" and accelerate the establishment of a new model for real estate development [6][15] - The report suggests that the cement, glass, and certain consumer building materials industries may see continued optimization in supply-side dynamics, leading to increased concentration and improved profitability [6][15] Consumer Building Materials - The consumer building materials sector is experiencing a recovery in retail due to high demand for second-hand housing and supportive subsidy policies, with leading companies showing strong operational resilience [6][31] - Long-term demand stability and increasing industry concentration provide significant growth potential for quality leading companies in the consumer building materials sector [6][31] - Key companies to watch include Sanke Tree, Rabbit Baby, Hanhai Group, Dongfang Yuhong, China Liansu, Beixin Building Materials, Weixing New Materials, and others [6][31] Cement - National cement market prices increased by 0.05% week-on-week, with the average price at 355 RMB/ton as of December 12, 2025, reflecting a year-on-year decrease of 69.17% [6][31] - The report anticipates that cement prices will maintain a slight fluctuation in the future, with industry valuations at historical lows, highlighting companies like Huaxin Cement, Conch Cement, and others for potential investment [6][31] Glass - Float glass prices are showing mixed trends, while photovoltaic glass inventories continue to rise, with the average price of float glass at 1156 RMB/ton, down 1.0% month-on-month and 18.0% year-on-year [6][31] - The report indicates that leading glass companies have low valuations and suggests focusing on Qibin Group, Xinyi Solar, and others for investment opportunities [6][31] Fiberglass/Carbon-based Composites - The market for fiberglass is stable, with direct yarn prices holding steady, while electronic yarn prices have stabilized after previous increases [6][31] - The report identifies leading companies in the fiberglass sector, including China Jushi and others, as having a significant competitive edge [6][31] Market Data and Trends - The report notes that the consumer building materials sector has seen a year-on-year revenue decline of 4.2% in the first three quarters of 2025, with a notable improvement in revenue growth rates for leading companies [33][34] - The profitability of the consumer building materials sector is stabilizing, with net profit margins hovering at the bottom, indicating potential for recovery as market conditions improve [34][41]

Core Insights - The report emphasizes the importance of identifying investment opportunities in the building materials sector as it transitions from a period of intense competition to one focused on value extraction and growth [1]. Group 1: Investment Opportunities in the Building Materials Sector - Four key investment themes are highlighted: traditional building material leaders emerging from the bottom of the cycle, overseas capacity expansion, high-demand new materials, and policy support for industry consolidation [5]. - Traditional building material leaders are expected to recover first, with a focus on alpha opportunities as the sector stabilizes [14]. - The overseas expansion of building material capacity is driven by high demand in foreign markets, particularly in Africa, where Chinese companies are increasingly investing [20][22]. Group 2: Consumer Building Materials - The consumer building materials sector is stabilizing, with a narrowing decline in real estate indicators expected in 2026, leading to a potential rebound in demand [15]. - Strong alpha leaders in the sector are anticipated to achieve positive revenue growth first, with companies like Sanke Tree and Dongfang Yuhong highlighted as key players [15][16]. - Profit margins are expected to improve in 2026 due to price stabilization, structural optimization, and enhanced operational efficiency [15]. Group 3: Glass Fiber Industry - The glass fiber market is projected to maintain a tight supply-demand balance, with demand expected to grow by 5.8% in 2025 and 4.6% in 2026 [5][25]. - The report notes that the profitability of traditional glass fiber products is on an upward trajectory, with leading companies benefiting from differentiated product advantages [5][28]. Group 4: Cement Industry - The domestic cement market is facing a decline in demand, with expectations of a 7% drop in 2025 and a 6% drop in 2026, while overseas markets remain robust [5][31]. - The report suggests that supply-side policies will play a crucial role in stabilizing the market, with potential profitability improvements anticipated in 2026 [5][36]. Group 5: Glass Industry - The glass industry is expected to see supply optimization as a key theme in 2026, with a slight decline in demand for float glass anticipated [5][40]. - The photovoltaic glass segment is projected to experience a balanced supply-demand situation, with potential profitability improvements if production resumes [5][45].