Group 1 - The core point of the news is that on November 5, a block trade of 400,000 shares of Electric Alloy was executed at a price of 13.5 yuan, which is a discount of 20.91% compared to the market closing price of 17.07 yuan [1][2] - The total transaction amount for this block trade was 5.4 million yuan, accounting for 3.46% of the total trading volume on that day [1][2] - The buyer of the block trade was Guotai Junan Securities, while the seller was Huatai Securities [2]

Group 1 - Pang Songtao appointed as Deputy Secretary of the Party Committee and Director of China General Nuclear Power Group, nominated as candidate for General Manager [1] - Cai Zhen appointed as member of the Party Committee and nominated as candidate for Deputy General Manager of China General Nuclear Power Group; Gao Ligang removed from his positions and retired [2] - Guo Jianhe appointed as Deputy Secretary of the Party Committee and Director of China Aneng Construction Group, nominated as candidate for General Manager [3] Group 2 - Wu Shengyue appointed as Deputy Secretary of the Party Committee and Director of China Poly Group, nominated as candidate for General Manager [4] - Ma Jiru no longer serves as Chief Accountant of Minmetals Technology Group and has retired [5] - Wu Shengyue no longer serves as External Director of Minmetals Technology Group [6] Group 3 - Lyu Shuzheng removed from the position of Deputy Secretary of the Party Committee of China Construction Technology Co., Ltd. and has retired [7] - Huang Jing'an no longer serves as Deputy General Manager of China Chengtong Holdings Group and has retired [8] - Zhao Rongzhe removed from the position of member of the Party Committee and Chief Accountant of China Coal Energy Group and has retired [9] Group 4 - Shi Yulin no longer serves as Deputy General Manager of Nanguang Group and has retired [10] - Shao Lin, Li Shulei, Fan Bing, and Gao Hesheng appointed as External Directors of China Changan Automobile Group [11] - Dai Deming appointed as External Director of China Forestry Group [12] Group 5 - Li Shaozhu appointed as External Director of China Guoxin Holdings [14]

Core Insights - The company, Electric Alloy, was established on June 12, 1985, and listed on the Shenzhen Stock Exchange on September 7, 2017. It is a significant player in the domestic copper and copper alloy products sector, possessing certain technological advantages in research and production [1] Financial Performance - For Q3 2025, Electric Alloy reported a revenue of 2.293 billion yuan, ranking 16th in the industry, significantly lower than the top player Jiangxi Copper's 396.047 billion yuan and second-ranked Zijin Mining's 254.2 billion yuan. The industry average revenue was 89.055 billion yuan, with a median of 56.687 billion yuan [2] - The company's net profit for the same period was 129 million yuan, placing it 14th in the industry, again far below Zijin Mining's 45.701 billion yuan and Luoyang Molybdenum's 16.488 billion yuan. The industry average net profit was 5.201 billion yuan, with a median of 800 million yuan [2] Financial Ratios - As of Q3 2025, Electric Alloy's debt-to-asset ratio was 44.43%, an increase from 36.08% in the previous year, but still below the industry average of 54.12% [3] - The company's gross profit margin for Q3 2025 was 11.23%, up from 10.68% year-on-year, exceeding the industry average of 10.36% [3] Corporate Governance - The chairman, Chen Yehui, has not experienced any changes in compensation. The company's controlling shareholder is Xiamen Quanxin Enterprise Management Co., Ltd., with the actual controller being the State-owned Assets Supervision and Administration Commission of Xiamen Municipal Government [4] - The general manager, Feng Yuejun, saw a decrease in salary from 1.1751 million yuan in 2023 to 1.1568 million yuan in 2024, a reduction of 18,300 yuan [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.75% to 40,500, while the average number of circulating A-shares held per household decreased by 2.68% to 8,182 [5]

Core Viewpoint - The announcement by Electric Alloy (300697) regarding the election of Chen Lijiao as the employee representative director for the fourth board of directors is a significant governance update for the company [1] Company Summary - Electric Alloy will hold an employee representative conference on October 29, 2025, to elect Chen Lijiao as the employee representative director [1]

Group 1 - The company Electric Alloy (SZ 300697) announced on October 29 that its fourth board meeting was held via telecommunication to discuss the election of a new vice chairman [1] - For the year 2024, the revenue composition of Electric Alloy is as follows: copper rolling industry accounts for 97.83%, while other businesses account for 2.17% [1] - As of the report date, Electric Alloy has a market capitalization of 8 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation [1] - A new "slow bull" market pattern is emerging, indicating a shift in market dynamics [1]

江阴电工合金股份有限公司 关于选举职工代表董事及补选副董事长、 薪酬与考核委员会、战略委员会委员的公告 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。 一、关于选举职工代表董事的情况 证券代码：300697 证券简称：电工合金 公告编号：2025-045 公司于 2025 年 10 月 29 日召开第四届董事会第十次会议，审议通过了《关 于补选薪酬与考核委员会委员的议案》，为保障董事会薪酬与考核委员会的正常 运行，根据《中华人民共和国公司法》《公司章程》《董事会薪酬与考核委员会议 事规则》等法律法规、规范性文件的规定，同意补选职工代表董事陈力皎女士为 公司第四届董事会薪酬与考核委员会委员，与鞠明先生（主任委员）、陈朝琳先 生共同组成第四届董事会薪酬与考核委员会，任期自本次董事会审议通过之日起 至第四届董事会届满之日止。 公司于 2025 年 10 月 29 日召开第四届董事会第十次会议，审议通过了《关 于补选战略委员会委员的议案》，为保障董事会战略委员会的正常运行，根据《中 华人民共和国公司法》《公司章程》《董事会战略委员会议事规则》等法律法规、 规范性文件的 ...

证券代码：300697 证券简称：电工合金 公告编号：2025-044 江阴电工合金股份有限公司 第四届董事会第十次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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 江阴电工合金股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日向全 体董事发出了关于召开第四届董事会第十次会议的通知，会议于 2025 年 10 月 29 日下午 14 时以通讯表决的方式召开，经全体董事一致同意豁免本次会议通知 期限。本次会议应参加表决董事 5 人，实际参加表决董事 5 人。会议由董事长陈 烨辉先生主持，公司高级管理人员列席了本次董事会。本次会议的召集、召开、 表决程序符合《中华人民共和国公司法》等法律法规、规范性文件和《公司章程》 等的有关规定。 二、董事会会议审议情况 会议审议并通过了如下议案： 1、审议通过了《关于补选第四届董事会副董事长的议案》 2、审议通过了《关于补选第四届董事会薪酬与考核委员会委员的议案》 为保障董事会薪酬与考核委员会的正常运行，根据《中华人民共和国公司法》 《江阴电工合金股份有限公司章程》《董事会 ...

Core Viewpoint - The A-share market's copper concept stocks experienced a significant rally, driven by record-high copper prices on the London Metal Exchange (LME) due to increased supply risks from mine shutdowns [1]. Group 1: Market Performance - Jiangxi Copper approached the daily limit up, with a rise of 9.57%, and a total market capitalization of 148.7 billion [2]. - Electric Alloy and Shengtun Mining both increased by over 6%, with Electric Alloy rising by 6.46% and a market cap of 7.991 billion [2]. - Yunnan Copper and Tongling Nonferrous Metals both saw increases of over 5%, with Yunnan Copper rising by 5.23% and a market cap of 37.1 billion [2]. - Pengxin Resources rose by 3.34%, with a market cap of 1.85 billion [2]. Group 2: Price Movements - The LME copper price reached a record high, increasing by 0.9% to $11,136 per ton [1].

Core Points - The company announced the resignation of non-independent director Chen Lijiao from her positions on the board and various committees due to internal adjustments in the company's regulations [1] - Chen Lijiao intends to run for the position of employee representative director after resigning from her non-independent director role [1]

Core Viewpoint - The company Electric Alloy responded to investor inquiries on October 21, indicating that specific applications of its products should be monitored through company announcements [2] Group 1 - The company is actively engaging with investors through interactive platforms [2] - The company emphasizes the importance of following official announcements for detailed information on product applications [2]