第五届董事会第二十一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 证券代码：003012 证券简称：东鹏控股 公告编号:2025-087 广东东鹏控股股份有限公司 广东东鹏控股股份有限公司（以下简称"公司"）第五届董事会第二十一次 会议于2025年12月30日在东鹏总部大厦2508会议室以现场结合通讯表决方式召 开，会议通知于2025年12月24日以书面或电子邮件方式发出。本次会议应出席董 事9名，实际出席董事9名，出席董事占东鹏控股全体董事人数的100%，公司高级 管理人员列席了本次会议，会议由董事长何新明先生主持。本次会议符合《公司 法》等有关法律、行政法规、部门规章、规范性文件和《公司章程》的规定，会 议合法有效。 二、董事会会议审议情况 经与会董事认真审议，以记名投票表决方式通过了以下议案： 1、审议通过了《2026年度日常关联交易预计的议案》。 2026年度公司预计与关联方发生的日常关联交易合计金额为1,260.00万元， 占公司最近一期经审计净资产的0.16%。预计金额未超过三千万元且未超过公司 最近一期经 ...

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].

Group 1 - The core point of the article is that Dongpeng Holdings (003012.SZ) experienced a stock price decline, closing at 6.84 yuan with a drop of 1.01% [1] - Dongpeng Holdings was listed on the Shenzhen Stock Exchange on October 19, 2020, with a total issuance of 14.3 million shares, accounting for 12.19% of the total share capital post-issuance, at an initial price of 11.35 yuan per share [1] - The company is currently in a state of stock price decline, having fallen below its initial public offering price [1] Group 2 - The total funds raised from the initial public offering amounted to 1.623 billion yuan, with a net amount of 1.48 billion yuan after deducting issuance costs [1] - The funds were intended for various projects, including the renovation of a new type of eco-friendly stone slab production line with an annual capacity of 3.15 million square meters, expansion of four ceramic production lines, and construction of a water-saving sanitary ware production line with an annual capacity of 1.6 million units [1] - The issuance costs for the initial public offering were 143 million yuan, with underwriting fees amounting to 100 million yuan [1]

Core Viewpoint - Dongpeng Holdings (003012) has recently announced the acquisition of 15 invention patent certificates from the National Intellectual Property Administration, which will enhance its competitive edge in the market [1] Group 1: Patent Achievements - The patents cover technologies related to the application of lithium tailings in ceramic tile production, solid waste recycling technology, anti-slip and antibacterial tiles, smart toilets, and ecological stone production technology [1] - These patents are either already applied or will soon be applied in production, which is beneficial for protecting intellectual property rights [1] Group 2: Competitive Advantage - The acquisition of these patents is expected to help maintain technological leadership and improve the company's core competitiveness in the industry [1]

每经AI快讯，东鹏控股（SZ 003012，收盘价：6.91元）12月5日晚间发布公告称，广东东鹏控股股份有 限公司及控股公司于近日取得由国家知识产权局颁发的15项发明专利证书。截至本公告披露日，公司及 控股子公司累计共取得各类型专利2546项，现有各类型有效专利1328项。专利名称分别为"一种基于锂 尾矿的陶瓷坯料、陶瓷砖及其制备方法""一种具有防滑作用的防污哑光仿古砖及其制备方法"等。 （记者 曾健辉） 2025年1至6月份，东鹏控股的营业收入构成为：瓷砖占比84.69%，洁具占比12.67%，其他占比2.63%。 截至发稿，东鹏控股市值为80亿元。 每经头条（nbdtoutiao）——秒光、售罄！银行大额存单成稀缺资源，2%以上产品很难抢，有的门槛高 达1000万元！专家：存款利率或长期下行 ...

广东东鹏控股股份有限公司（以下简称"公司"）及控股公司于近日取得由 国家知识产权局颁发的 15 项发明专利证书。截至本公告披露日，公司及控股子 公司累计共取得各类型专利 2546 项，现有各类型有效专利 1328 项（其中发明专 利 445 项）。 证券代码：003012 证券简称：东鹏控股 公告编号:2025-083 一、获得发明专利证书的情况 广东东鹏控股股份有限公司 关于取得15项发明专利证书的公告 公司本次新增 15 项发明专利，涵盖锂尾矿应用于瓷砖生产的固废循环经济 利用技术，防滑、抗菌和防污等适老化瓷砖生产技术，新品类瓷砖、智能马桶、 生态石生产技术等，具体情况如下： 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。 | 序号 | 专利名称 | | | 专利号 | | 专利申请日 | | 专利权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 一种基于锂尾矿的陶 瓷坯料、陶瓷砖及其制 | ZL | 2024 | 1 0860354.7 | 2024 年 | 06 | 月 ...

Core Viewpoint - The implementation of the national standard "Quality Grading of Consumer Ceramic Tiles" marks a significant step in the transformation of China's ceramic tile industry, guiding competition back to product value enhancement and curbing low-price and disorderly competition [1][2]. Industry Overview - The new standard provides clear and quantifiable criteria for high-quality ceramic tiles, establishing a benchmark for companies and accelerating the elimination of inefficient production capacity and industry consolidation [1]. - The highest quality grade is designated as "5A" (AAAAA), with only an estimated 5% of products expected to meet this standard across the industry [1]. Company Actions - Leading companies such as Dongpeng Holdings, Marco Polo, and Mona Lisa are actively promoting product innovation and upgrading in response to the new standard [1][2]. - Dongpeng Holdings emphasizes its long-standing high-standard manufacturing and quality control capabilities, which are expected to provide a competitive advantage under the new standard [2]. - Mona Lisa has launched its first batch of 5A ceramic products, implementing a closed-loop quality control model that integrates over 1,100 internal standards that exceed national benchmarks [2]. Market Dynamics - The market share of leading ceramic tile companies remains relatively low, and the new standard is anticipated to drive industry consolidation [2]. - Companies are encouraged to seize development opportunities through product innovation and upgrades to enhance competitiveness and capture a larger market share [2].

Core Insights - Dongpeng Holdings experienced a 1.42% increase in stock price, closing at 7.12 yuan, with a total of 7 block trades amounting to 3.1152 million shares and a total transaction value of 19.7815 million yuan [1][2] Trading Activity - The first block trade occurred at a price of 6.35 yuan for 400,000 shares, totaling 2.54 million yuan, with a discount rate of -10.81% [1] - The second block trade also priced at 6.35 yuan involved 403,800 shares, amounting to 2.5641 million yuan, maintaining the same discount rate of -10.81% [2] - The third block trade involved 511,400 shares at the same price of 6.35 yuan, totaling 3.2474 million yuan, with a consistent discount rate of -10.81% [1] - Subsequent trades (fourth to seventh) continued at the same price of 6.35 yuan, with varying volumes and total amounts, all reflecting a discount rate of -10.81% [2] - Over the past three months, Dongpeng Holdings has recorded a total of 55 block trades with a cumulative transaction value of 199 million yuan [2] - In the last five trading days, the stock has increased by 3.64%, while the net outflow of main funds amounted to 4.2286 million yuan [2]