江西海源复合材料科技股份有限公司 董事会议事规则 第一章 总 则 第一条 为了进一步明确江西海源复合材料科技股份有限公司（以下简称 "公司"）董事会的职权范围，规范董事会内部机构及运作程序，健全董事会的 议事和科学决策程序，充分发挥董事会的经营决策中心作用，根据《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》"）、《江西海源复合材料科技股份有限公司章程》（以下简 称"公司章程"）及其他有关法律法规规定，制定本规则。 第二章 董事会的组成及职责 第二条 公司设董事会，对股东会负责。 第三条 董事会由 9 名董事组成，其中独立董事 3 名。董事会设董事长一 人。 第四条 董事会行使下列职权： （一）召集股东会，并向股东会报告工作； （二）执行股东会的决议； （五）制订公司增加或者减少注册资本、发行债券或者其他证券及上市方案； （六）拟订公司重大收购、收购本公司股票或者合并、分立、解散及变更公 司形式的方案； （七）在股东会授权范围内，决定公司对外投资、收购出售资产、资产抵押、 对外担保事项、委托理财、关联交易、对外捐赠等事项； 1 （三）决定公司的经营计划和投 ...

第一章 总则 第一条 为加强和规范江西海源复合材料科技股份有限公司（以下简称"公 司"）对外担保管理，有效防范公司对外担保风险，保证公司资产的安全，根据 国家有关法律法规及《江西海源复合材料科技股份有限公司章程》（以下简称"公 司章程"），并结合公司的实际情况，制定本制度。 第二条 公司对外担保遵循必要互利、可控的原则。 第三条 公司对外担保实行统一管理，未经公司董事会或股东会批准，公司、 子公司及公司分支机构不得对外提供担保，未经公司董事会或股东会授权，任何 人无权以公司名义签署对外担保的合同、协议或其他类似的法律文件。 第四条 上市公司为关联人提供担保的，除应当经全体非关联董事的过半数审 议通过外，还应当经出席董事会会议的非关联董事的三分之二以上董事审议同意 并作出决议，并提交股东会审议。公司为控股股东、实际控制人及其关联人提供 担保的，控股股东、实际控制人及其关联人应当提供反担保。 第五条 公司对外提供担保，包括公司及控股子公司对外提供担保。 江西海源复合材料科技股份有限公司 对外担保管理制度 第二章 对外担保决策程序及职责 第六条 公司对外担保的最高决策机构为公司股东会，董事会在公司章程授权 范围内享 ...

江西海源复合材料科技股份有限公司章程 第一章 总则 第一条 为维护江西海源复合材料科技股份有限公司（以下简称"公司"）、 股东、职工和债权人的合法权益，规范公司的组织和行为，根据《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》"）和其他有关规定，制订本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司（以 下简称"公司"或"本公司"）。公司由福建海源自动化机械设备有限公司依法 整体变更而设立；经中华人民共和国商务部出具的《商务部关于同意福建海源自 动化机械设备有限公司改制为外商投资股份有限公司的批复》（商资批 [2007]2008 号）批准，并颁发了商外资字[2007]0291 号《中华人民共和国台港澳 侨投资企业批准证书》，于 2007 年 12 月 29 日在福建省工商行政管理局注册登 记，营业执照号：350100400001054。原福建海源自动化机械设备有限公司的权 利义务由公司依法承继。 江西海源复合材料科技股份有限公司 章 程 二〇二五年十月 | 第一章 总则 | | --- | | 第二章 经营宗旨和范围 | | 第三章 股 ...

江西海源复合材料科技股份有限公司 股东会议事规则 第一章 总则 第一条 为了维护全体股东的合法权益，规范江西海源复合材料科技股份有 限公司（以下简称"公司"）的行为，保证公司股东会规范、高效运作，确保股 东平等有效地行使职权，根据《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》"）、《江西海源复合材料 科技股份有限公司章程》（以下简称"公司章程"）以及国家其他相关法律、法 规，制定本规则。 第二条 公司应当严格按照法律、行政法规、公司章程和本规则的相关规定 召开股东会，保证股东能够依法行使权利。公司董事会应当切实履行职责，认真、 按时组织股东会。公司全体董事应当勤勉尽责，确保股东会正常召开和依法行使 职权。 第三条 股东会是公司的最高权力机构。股东会依法行使下列职权： （一）选举和更换董事，决定有关董事的报酬事项； （十）审议公司在一年内购买、出售重大资产超过公司最近一期经审计总资 产百分之三十的事项； 1 （二）审议批准董事会的报告； （三）审议批准公司的利润分配方案和弥补亏损方案； （四）对公司增加或者减少注册资本作出决议； （五）对发行公司债券作出决议 ...

证券代码：002529 证券简称：海源复材 公告编号：2025-086 董 事 会 2025 年 10 月 30 日 关于补选公司非独立董事的公告 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。 鉴于江西海源复合材料科技股份有限公司（以下简称"公司"）董事会非独 立董事张奇彦先生辞职，具体内容详见公司 2025 年 10 月 10 日刊载于指定信息 披露媒体《证券时报》《中国证券报》《证券日报》《上海证券报》和巨潮资讯网 （www.cninfo.com.cn）的《关于公司董事辞职的公告》（编号：2025-079）。 为完善公司治理结构，保证公司董事会各项工作的顺利开展，根据《中华人 民共和国公司法》和《公司章程》的相关规定，经公司董事会提名委员会对非独 立董事候选人肖浩如女士的任职资格进行资格审核后，公司于 2025 年 10 月 29 日召开了第七届董事会第二次会议，会议审议通过了《关于补选非独立董事的议 案》，公司董事会同意提名肖浩如女士为公司第七届董事会非独立董事候选人（简 历附后），任期自公司股东大会审议通过之日起至公司第七届董事会任期届满之 日止，此 ...

证券代码：002529 证券简称：*ST海源 公告编号：2025-082 江西海源复合材料科技股份有限公司 关于召开 2025 年第四次临时股东大会的通知 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。 一、召开会议的基本情况 1、股东会届次：2025 年第四次临时股东大会 2、股东会的召集人：董事会 3、会议召开的合法、合规性：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： （1）现场会议时间：2025 年 11 月 14 日 14:30 （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 11 月 14 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 11 月 14 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合 ...

证券代码：002529 证券简称：*ST 海源 公告编号：2025-083 江西海源复合材料科技股份有限公司 第七届董事会第二次会议决议公告 董事会认为：公司《2025 年第三季度报告》的内容和格式符合相关规定， 真实、准确、完整地反映了公司 2025 年第三季度的财务状况和经营成果，不存 在任何虚假记载、误导性陈述或者重大遗漏。 该议案已经公司董事会审计委员会审议通过。 以 8 票赞成，0 票反对，0 票弃权，审议通过本议案。 具体内容详见公司于指定信息披露媒体披露的《2025 年第三季度报告》（公 告编号：2025-084）。 二、审议通过《关于补选公司非独立董事的议案》 经公司董事会提名委员会非独立董事任职资格审查后，董事会同意提名肖浩 如女士为公司第七届董事会非独立董事候选人。任期自公司股东大会审议通过之 日起至第七届董事会任期届满为止。 以 8 票赞成，0 票反对，0 票弃权，审议通过本议案。 本议案尚需提交公司股东大会审议。 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。 江西海源复合材料科技股份有限公司（以下简称"公司"）第七届董事会第 二次会议 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥71,541,054.65, representing a 279.03% increase year-over-year[5] - The net profit attributable to shareholders was -¥24,617,896.37, a decline of 399.56% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥15,916,377.71, a decrease of 38.90% year-over-year[5] - Total operating revenue for the current period reached ¥277,687,470.67, a significant increase of 126.5% compared to ¥122,789,385.08 in the previous period[26] - Net profit for the current period was a loss of ¥90,366,359.22, compared to a loss of ¥41,967,774.36 in the previous period, reflecting a deterioration in profitability[27] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥796,271,992.62, down 8.66% from the end of the previous year[5] - The total liabilities increased to ¥602,942,897.42 from ¥580,777,646.33, reflecting a rise in financial obligations[25] - The equity attributable to shareholders decreased by 33.57% to ¥193,329,095.20 compared to the end of the previous year[5] - Current liabilities decreased to ¥470,965,057.22 from ¥501,224,606.86, showing a decline of approximately 6.0%[24] - Total assets decreased to ¥796,271,992.62 from ¥871,787,343.08, a reduction of about 8.6%[24] Cash Flow - Cash flow from operating activities increased by 151.66% year-over-year, amounting to ¥9,466,171.27[20] - The net cash flow from operating activities was ¥9,466,171.27, a recovery from a negative cash flow of ¥18,322,607.10 in the prior period[28] - The net cash flow from investing activities decreased by 69.92% year-over-year, mainly due to reduced cash received from the disposal of fixed assets and subsidiaries[20] - The company reported a significant increase in sales cash inflow to ¥287,694,602.10 from ¥143,471,971.82 in the previous period[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,396[21] - The largest shareholder, Xinyu Jinzixin Enterprise Management Center (Limited Partnership), holds 14.30% of shares, totaling 37,175,000 shares[21] Operational Metrics - The company reported a 126.15% increase in operating income year-over-year, primarily due to growth in the photovoltaic business[15] - The company experienced a 409.13% increase in credit impairment losses compared to the previous year, attributed to increased provisions for bad debts[17] - Research and development expenses increased to ¥11,918,499.03, up from ¥10,988,975.76, indicating a focus on innovation[26] - The company incurred a credit impairment loss of ¥3,583,110.83, compared to ¥703,777.98 in the previous period, highlighting increased credit risk[27] Other Information - The company has not disclosed any changes in the participation of major shareholders in margin trading or securities lending[22] - There are no significant updates regarding new products, technologies, market expansion, or mergers and acquisitions mentioned in the reports[22] - The third quarter financial report of Jiangxi Haiyuan Composite Materials Technology Co., Ltd. has not been audited[31] - The new accounting standards will be implemented starting from 2025, affecting the financial statements from the beginning of that year[31] - The company’s board of directors provided the financial report on October 30, 2025[31]

Core Insights - The article highlights the transformative role of thermoplastic composites in the automotive manufacturing landscape, particularly in the context of the electric vehicle (EV) industry, emphasizing their advantages in lightweighting, recyclability, and safety performance [1][9]. Industry Overview - Thermoplastic composites are defined as composite materials made from thermoplastic polymers reinforced with various fibers, such as carbon and glass fibers, specifically applied in the EV sector [3]. - The market size for China's thermoplastic composites in the EV sector is projected to reach 13.4 billion yuan in 2024, with a year-on-year growth of 13.4%, and is expected to grow to 16.7 billion yuan by 2025 [1][9]. Industry Policies - Recent policies, such as the Shanghai government's action plan for high-quality development in low-altitude economy, emphasize the integration of advanced materials like thermoplastic composites into strategic development [4]. - The Ministry of Industry and Information Technology's plan for the construction materials industry supports the application of composite materials in various sectors, including automotive [5]. Industry Value Chain - The thermoplastic composites industry in China has established a complete value chain, from raw material supply (fibers and resins) to manufacturing and final application in EVs [6]. - Carbon fiber, a key reinforcement material, significantly enhances the mechanical properties and lightweight characteristics of composites, contributing to the performance of EV components [6]. Market Trends - The global market for thermoplastic composites in the EV sector is expected to grow from 52.11 million tons in 2024 to 58.28 million tons in 2025, and further to 94.35 million tons by 2030 [8][9]. - The rapid growth in EV production and sales in China, from 340,500 units in 2015 to 12.89 million units in 2024, drives the demand for thermoplastic composites [6]. Competitive Landscape - The industry features a mix of international leaders like DuPont and domestic players such as Kingfa Technology and Nanjing Julong, creating a diverse competitive environment [10]. - Kingfa Technology reported a revenue of 31.64 billion yuan in the first half of 2025, reflecting a year-on-year growth of 35.5% [11]. Future Development Trends - Innovations in material systems are anticipated, including the development of self-healing and shape-memory thermoplastic composites, enhancing safety and longevity [12]. - The integration of digital and biological manufacturing technologies is expected to revolutionize production processes, leading to intelligent upgrades in composite manufacturing [14]. - A new circular economy model is being proposed, focusing on programmable degradation materials and blockchain technology for material traceability, aligning with the environmental goals of the EV industry [15].

Investment Rating - The report maintains a "Recommended" investment rating for the mechanical industry [6]. Core Insights - The mechanical industry is experiencing steady growth, particularly in the low-altitude economy and machinery sectors, supported by policy initiatives and technological advancements [3][4]. - The report highlights a significant increase in excavator sales, with a total of 19,858 units sold in September 2025, marking a year-on-year growth of 25.4%, including a domestic sales increase of 21.5% and an export increase of 29% [3]. Weekly Market Review - From October 13 to October 17, 2025, the Shanghai Composite Index decreased by 1.47%, while the ShenZhen Component Index and the ChiNext Index fell by 4.99% and 5.71%, respectively. The Shenwan Mechanical Equipment Index dropped by 5.84%, underperforming the CSI 300 Index by 3.62 percentage points, ranking 27th among 31 Shenwan first-level industries [11]. - Within sub-sectors, the performance varied, with general equipment down by 5.62%, specialized equipment down by 5.74%, rail transit equipment II down by 2.22%, engineering machinery down by 3.04%, and automation equipment down by 9.06% [11]. Key Sector Tracking - **Low-altitude Economy**: The Suzhou Development and Reform Commission released a dual list of capabilities and demands for the low-altitude economy, indicating strong local enterprise involvement in aircraft development and operations [3]. - **Machinery Equipment**: The report emphasizes the competitive advantage of domestic leading enterprises in both supply and demand, with a positive outlook for the engineering machinery sector [3]. Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, Huasheng Group, and Nairui Radar. In the complete machine sector, focus on Wan Feng Ao Wei, Yihang Intelligent, Zongheng Co., and Green Energy Hui Charge. Key component manufacturers include Zongshen Power, Wolong Electric Drive, Yingliu Co., and Yingboer. In air traffic management and operations, consider CITIC Heli, Zhongke Xingtu, and Sichuan Jiuzhou [4]. - In the machinery equipment sector, recommended companies include Juxing Technology, Quan Feng Holdings, and Nine Company for the export chain, and Sany Heavy Industry, XCMG, and Anhui Heli for engineering machinery [4]. Economic Data Tracking - The report tracks various economic indicators, including the manufacturing PMI and fixed asset investment completion rates, which provide insights into the overall health of the manufacturing sector [40][44].