Core Viewpoint - The company Jianlang Hardware (002791) is expected to report a significant net loss for the first half of 2025, contrasting sharply with the profit recorded in the same period of the previous year [1] Financial Performance Summary - The projected net loss attributable to shareholders for the period from January 1, 2025, to June 30, 2025, is estimated to be between 25 million to 35 million yuan, compared to a profit of 4.89 million yuan in the same period last year [1] - The net profit after deducting non-recurring gains and losses is expected to be a loss of 40 million to 47 million yuan, while the previous year's loss was 16.90 million yuan [1] - The basic earnings per share are projected to be a loss of 0.0706 yuan to 0.0989 yuan, in contrast to a profit of 0.02 yuan per share in the same period last year [1]

Investment Rating - The investment rating for the construction materials industry is "Positive" (maintained) [1] Core Views - The Ministry of Housing and Urban-Rural Development emphasizes the importance of stabilizing the real estate market, which is expected to lead to significant improvements in the fundamentals of the real estate chain. Recommended stocks in the consumer building materials sector include Sankeshu, Dongfang Yuhong, Weixing New Materials, and Jianlang Hardware. Beneficiary stocks include Beixin Building Materials [3] - The National Development and Reform Commission has issued a special action plan for energy conservation and carbon reduction in the cement industry, aiming to control cement clinker capacity at around 1.8 billion tons by the end of 2025, with a target of reducing comprehensive energy consumption per unit product by 3.7% compared to 2020 [3] - The "equal tariff" policy is expected to benefit fiberglass leaders with overseas production bases, allowing them to raise prices and consolidate profitability [3] Market Performance - The construction materials index rose by 3.34% in the week from July 7 to July 11, 2025, outperforming the CSI 300 index by 2.52 percentage points. Over the past three months, the CSI 300 index increased by 6.41%, while the construction materials index rose by 6.60%, indicating a slight outperformance of 0.18 percentage points [4][13] - In the past year, the CSI 300 index increased by 15.62%, and the construction materials index rose by 15.80%, also showing a slight outperformance of 0.18 percentage points [4][13] Cement Sector - As of July 11, 2025, the average price of P.O42.5 bulk cement nationwide was 282.89 CNY/ton, a decrease of 3.48% month-on-month. The clinker inventory ratio was 65.89%, down 2.29 percentage points [6][23][24] - The price of cement varied by region, with notable declines in Northeast (-4.76%), North China (-2.33%), East China (-2.98%), South China (-5.74%), Central China (-3.41%), and Southwest (-4.93%) regions [23][29] Glass Sector - The average price of float glass as of July 11, 2025, was 1205.63 CNY/ton, with a slight increase of 0.17%. The average price of photovoltaic glass remained stable at 116.02 CNY/weight box [6][71][78] - The inventory of float glass decreased by 970,000 weight boxes nationwide, a decline of 1.66% [73][74] Fiberglass Sector - The price of non-alkali 2400tex direct yarn ranged from 3400 to 4100 CNY/ton, with flexible pricing based on regional differences [6] Consumer Building Materials - As of July 11, 2025, the price of crude oil was 70.63 USD/barrel, down 0.39% week-on-week. The price of asphalt was 4570 CNY/ton, up 1.11% week-on-week [6]

Core Points - The company announced the completion of the cancellation of certain stock options from the 2021 stock option incentive plan due to unmet performance targets for the fourth exercise period [1][2] - A total of 1,043,632 stock options were canceled, including 990,664 options due to failure to meet company-level performance requirements and 52,968 options from 75 individuals who left the company [2] - The cancellation of stock options does not affect the company's share capital or its capital structure [2] Summary by Sections Stock Option Cancellation - The company held meetings on June 16, 2025, where it approved the cancellation of stock options from the 2021 stock option incentive plan due to unmet performance conditions for the fourth exercise period [1] - The performance requirement was a revenue growth rate of no less than 160% based on 2020 revenue, which was not achieved for 2024 [2] Details of Canceled Options - A total of 1,043,632 stock options were canceled, comprising 990,664 options from the fourth exercise period and 52,968 options from individuals who left the company [2] - The cancellation process has been confirmed by the China Securities Depository and Clearing Corporation [2] Compliance and Impact - The cancellation of stock options complies with relevant regulations, including the Management Measures for Equity Incentives of Listed Companies and the company's own incentive plan [2] - The company's share capital structure remains unchanged following the cancellation [2]

证券代码：002791 证券简称：坚朗五金 公告编号：2025-043 广东坚朗五金制品股份有限公司 关于2021年股票期权激励计划部分股票期权 具体内容详见披露于巨潮资讯网（www.cninfo.com.cn）的《关 于2021年股票期权激励计划第四个行权期行权条件未成就及注销股 票期权的公告》（公告编号：2025-036）。 截至公告日，经中国证券登记结算有限责任公司深圳分公司审核 确认，上述104.3632万份股票期权的注销事宜已办理完成。本次注销 股票期权事项符合《上市公司股权激励管理办法》及公司《2021年股 票期权激励计划（草案）》等相关规定。本次注销不影响公司股本， 公司股本结构未发生变化。 特此公告。 广东坚朗五金制品股份有限公司董事会 注销完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 广东坚朗五金制品股份有限公司（以下简称"公司"）于2025年6 月16日分别召开第四届董事会第二十八次会议和第四届监事会第二 十三次会议，审议通过《关于2021年股票期权激励计划第三个行权期 行权条件未成就及注销股票期权的议案》。拟注销2021年股 ...

按照《证券法》第六十三 条的规定，是否存在不得 是□ 否? 行使表决权的股份 广东坚朗五金制品股份有限公司董事会 二〇二五年七月九日 | 证券代码：002791 证券简称：坚朗五金 公告编号：2025-042 | | --- | | 广东坚朗五金制品股份有限公司 | | 公司董事闫桂林先生保证向本公司提供的信息内容真实、准 | | 确、完整，没有虚假记载、误导性陈述或重大遗漏。 | | 本公司及董事会全体成员保证公告内容与信息披露义务人提 | | 供的信息一致。 | | 广东坚朗五金制品股份有限公司（以下简称"公司"）于2025年5 | | 月7日披露了《关于董事减持股份的预披露公告》（公告编号：2025- | | 后的3个月内（即自2025年5月28日至2025年8月27日）以集中竞价或 | | 大宗交易方式减持本公司股份不超过6,249,959股（占本公司总股本 | | 比例1.79%）。 | | 近日，公司收到闫桂林先生的《关于股东权益变动触及1%整数倍 | | 的告知函》。现将有关情况公告如下： | | 信息披露义务人 闫桂林 | | 住所 广东省东莞市塘厦镇 | | 权益变动时间 2025 年 7 ...

广东坚朗五金制品股份有限公司 关于股东减持股份超过1%的公告 公司董事闫桂林先生保证向本公司提供的信息内容真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提 供的信息一致。 广东坚朗五金制品股份有限公司（以下简称"公司"）于2025年5 月7日披露了《关于董事减持股份的预披露公告》（公告编号：2025- 028）。公司董事闫桂林先生计划自减持公告披露之日起15个交易日之 后的3个月内（即自2025年5月28日至2025年8月27日）以集中竞价或 大宗交易方式减持本公司股份不超过6,249,959股（占本公司总股本 比例1.79%）。 近日，公司收到闫桂林先生的《关于股东权益变动触及1%整数倍 的告知函》。现将有关情况公告如下： 证券代码：002791 证券简称：坚朗五金 公告编号：2025-042 | 2．本次权益变动情况 | | | | | | --- | --- | --- | --- | --- | | 股份种类 | 减持股数（股） | | 减持比例（%） | | | A 股 | 4,061,059 1.16 | | | | | 合 计 | 4 ...

Investment Rating - The investment rating for the construction materials industry is "Positive" (maintained) [1] Core Views - The ongoing "anti-involution" initiative is expected to improve the fundamentals of the construction materials industry, with a focus on enhancing product quality and phasing out outdated production capacity [3] - The report highlights specific companies to watch, including SanKeTree, Dongfang Yuhong, Weixing New Materials, and Jianlang Hardware, as well as beneficiaries like Beixin Building Materials [3] - The cement sector is projected to benefit from energy-saving and carbon reduction initiatives, with a target to control cement clinker capacity to around 1.8 billion tons by the end of 2025 [3] Market Performance - The construction materials index increased by 3.96% in the week from June 30 to July 4, outperforming the CSI 300 index by 2.42 percentage points [4][13] - Over the past three months, the CSI 300 index rose by 8.01%, while the construction materials index only increased by 2.47%, indicating a lag of 5.55 percentage points [4][13] - In the past year, the CSI 300 index has risen by 16.06%, compared to an 11.69% increase in the construction materials index, resulting in a 4.38 percentage point underperformance [4][13] Cement Sector - As of July 4, 2025, the average price of P.O42.5 bulk cement was 293.11 RMB/ton, reflecting a 1.97% decrease from the previous period [6][24] - The clinker inventory ratio nationwide was 68.18%, down by 1.18 percentage points [6][25] - Regional price variations were noted, with the Northeast region remaining stable, while other regions like North China and Southwest saw declines of 4.13% and 6.58%, respectively [6][24] Glass Sector - The average price of float glass was 1201.35 RMB/ton as of July 4, 2025, showing a slight increase of 0.07% [6][74] - The inventory of float glass decreased by 1.17%, with a total of 58.31 million weight boxes reported [6][76] - The price of photovoltaic glass fell by 3.88%, with an average price of 116.02 RMB/weight box [6][81] Fiberglass Sector - The price of non-alkali 2400tex direct yarn ranged from 3400 to 4100 RMB/ton, with variations based on specific product types [6] - The fiberglass sector is expected to benefit from favorable tariffs for companies with overseas production bases [3] Consumer Building Materials - The report indicates that raw material prices for consumer building materials have remained relatively stable with slight fluctuations [6][5]

广东坚朗五金制品股份有限公司 2025年第一次临时股东会决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没 有虚假记载、误导性陈述或者重大遗漏。 特别提示： 证券代码：002791 证券简称：坚朗五金 公告编号：2025-041 1、本次股东会未出现否决提案的情形。 2、本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1、会议召开情况 （1）会议召开时间： 现场会议召开时间为：2025年7月2日下午14:30 网络投票时间为： 通过深圳证券交易所交易系统进行网络投票的具体时间为2025 年7月2日上午9:15-9:25、9:30-11:30和下午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7月2日 9:15-15:00期间的任意时间。 （2）现场会议召开地点：广东省东莞市塘厦镇坚朗路3号公司总 部会议室。 合的方式。 （4）会议召集人：公司董事会 （3）会议召开方式：本次股东会采取现场表决与网络投票相结 1 / 4 （5）现场会议主持人：董事长白宝鲲先生 （6）本次会议的召集、召开与表决程序符合《公司法》《上市公 司股东会规则》《深圳证券交易所 ...

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于广东坚朗五金制品股份有限公司 2025 年第一次临时股东会的 国枫律股字[2025]A0347 号 致：广东坚朗五金制品股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见 证贵公司2025年第一次临时股东会（以下简称"本次会议"）。 本所律师根据《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》"）、《上市公司股东会规则》（以下简称 "《股东会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证 券法律业务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简 称"《证券法律业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《广 东坚朗五金制品股份有限公司章程》（以下简称"《公司章程》"）的规定，就本次会 议的召集与召开程序、召集人资格、出席会议人员资格、会议表决程序及表决结果等事 宜，出具本法律意 ...

Investment Rating - The investment rating for the building materials industry is "Positive" (maintained) [1] Core Viewpoints - The report highlights that the real estate market policies are continuously tightening, creating investment opportunities in building materials. Recent policies from the central bank and local governments aim to support home purchases and improve safety in construction sites, indicating a shift towards a balanced supply-demand dynamic in the real estate market [3][4] - Recommended stocks in the consumer building materials sector include Sankeshu (channel penetration and retail expansion), Dongfang Yuhong (waterproof leader with optimized operational structure), Weixing New Materials (high-quality operations with a significant retail business), and Jianlang Wujin. Beneficiary stocks include Beixin Building Materials (gypsum board leader with diversified expansion in coatings and waterproof sectors) [3] - The report also notes that the National Development and Reform Commission has issued a plan for energy conservation and carbon reduction in the cement industry, aiming to control cement clinker capacity to around 1.8 billion tons by the end of 2025, which is expected to accelerate the iteration of energy-saving and efficient equipment [3][4] Market Performance - The building materials index increased by 2.41% in the week from June 23 to June 27, 2025, outperforming the CSI 300 index, which rose by 1.95%, resulting in a 0.46 percentage point advantage [4][13] - Over the past three months, the CSI 300 index has risen by 0.88%, while the building materials index has decreased by 3.79%, indicating a 4.67 percentage point underperformance [4][13] - In the past year, the CSI 300 index has increased by 13.29%, while the building materials index has only risen by 7.19%, showing a 6.11 percentage point underperformance [4][13] Cement Sector - As of June 27, 2025, the average price of P.O42.5 bulk cement nationwide was 284.72 yuan/ton, a decrease of 4.47% month-on-month. The price trends varied by region, with Northeast China seeing a significant drop of 21.95% [6][24] - The clinker inventory ratio reached 69.36%, an increase of 1.27 percentage points from the previous month [6][25] Glass Sector - The report indicates that the spot price of float glass as of June 27, 2025, was 1200.53 yuan/ton, reflecting a slight increase of 0.13%. The inventory of float glass decreased by 2.51%, with a total of 59 million weight boxes [6][75] - The average price of photovoltaic glass was 120.70 yuan/weight box, down by 3.44% [6][78] Fiberglass Sector - The report notes that the price of fiberglass remains stable, with various types of fiberglass priced between 3400 to 6600 yuan/ton depending on the type and region [6][3] Consumer Building Materials - The report tracks the prices of key raw materials for consumer building materials, noting slight fluctuations. For instance, the price of asphalt remained stable at 4520 yuan/ton, while the price of acrylic acid increased by 1.87% to 6825 yuan/ton [6][3]