Core Viewpoint - The A-share market showed overall strength on June 4, with the rare earth permanent magnet concept leading the gains [1][5][6]. A-share Market Performance - The A-share market experienced a significant rise, with the Shanghai Composite Index up by 0.43%, the Shenzhen Component Index up by 0.91%, and the ChiNext Index up by 1.22% at midday [5]. - Nearly 4,000 stocks in the market saw an increase [5]. - Key sectors such as comprehensive, communication, non-ferrous metals, and social services all recorded gains exceeding 1% [6]. Rare Earth Permanent Magnet Sector - The rare earth permanent magnet sector was notably strong, with companies like Keheng Co. hitting the daily limit with a 20.02% increase, and Jiuling Technology seeing a peak increase of over 11% [6][7]. - Other companies in this sector, such as Guangsheng Nonferrous and Zhongke Magnetic, also experienced significant gains [6]. Hong Kong Market Performance - The Hong Kong market also showed strength, with the Hang Seng Index constituents like CSPC Pharmaceutical Group and China Biologic Products leading with gains exceeding 5% [2][14]. - China General Nuclear Power Corporation saw a dramatic rise, with its stock price increasing by over 30% during trading [3][15]. Market Volatility and Stock Movements - Several stocks in the A-share market experienced consecutive trading halts, indicating high volatility [9]. - Companies like Gongchuang Turf and Zhongheng Design reported significant price fluctuations, with Gongchuang Turf's stock price deviating by 20% over two consecutive trading days [10][11]. International Context - Concerns were raised regarding China's rare earth exports potentially causing shortages in the automotive industry in Europe, the U.S., and India, prompting questions about possible export policy adjustments [8].

Meeting Overview - The company held its shareholder meeting on May 16, 2025, with both in-person and online voting options available [1] - A total of 60 shareholders participated, representing 86,119,522 shares, which is 69.4330% of the total voting shares [1] Attendance Details - Among the attendees, 57 were small shareholders, representing 6,599,522 shares, or 5.3208% of the total voting shares [2] - Company directors, supervisors, and senior management attended the meeting, with some participating via telecommunication [2] Voting Results Annual Report - The proposal for the 2024 Annual Report was approved with 86,108,222 votes in favor, accounting for 99.9869% of the valid votes [2] Board Work Report - The 2024 Board Work Report was approved with 86,107,922 votes in favor, representing 99.9865% of the valid votes [3] Supervisory Board Work Report - The 2024 Supervisory Board Work Report received 86,107,222 votes in favor, which is 99.9857% of the valid votes [4] Financial Settlement Report - The 2024 Financial Settlement Report was approved with 86,104,922 votes in favor, making up 99.9830% of the valid votes [5] Profit Distribution Plan - The proposal for the 2024 Profit Distribution Plan was approved with 86,107,122 votes in favor, representing 99.9856% of the valid votes [6] Audit Firm Appointment - The proposal to reappoint the audit firm for 2025 was approved with 86,107,322 votes in favor, accounting for 99.9858% of the valid votes [7] Bank Credit Application - The proposal for a comprehensive credit limit application to the bank for 2025 was approved with 86,107,922 votes in favor, representing 99.9865% of the valid votes [8] Director Compensation Plan - The 2025 Director Compensation Plan was approved with 2,460,365 votes in favor, which is 99.3499% of the valid votes [9] Supervisor Compensation Plan - The 2025 Supervisor Compensation Plan received 86,103,422 votes in favor, accounting for 99.9813% of the valid votes [10] Accounting Firm Selection Revision - The proposal to revise the accounting firm selection system was approved with 86,107,322 votes in favor, representing 99.9858% of the valid votes [10] Independent Director Election - The proposal for the election of an independent director was approved with 86,107,322 votes in favor, accounting for 99.9858% of the valid votes [11] Legal Opinion - The legal representatives confirmed that the meeting's procedures complied with relevant laws and regulations, and the voting results were deemed valid [11]

证券代码：301141 证券简称：中科磁业 公告编号：2025- 016 浙江中科磁业股份有限公司 2024年年度股东大会决议公告 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。 特别提示： 1.本次股东大会不存在否决议案的情形； 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5月16日 （星期五）的交易时间，即9:15-9:25、9:30-11:30和13:00-15:00；通过深圳证券交 易所互联网投票系统进行投票的具体时间为：2025年5月16日（星期五）9:15-15:00 。 2、现场会议召开地点：浙江省东阳市横店镇工业园区红兴三路9号浙江中科 磁业股份有限公司（以下简称"公司"）二楼会议室。 3、会议召开方式：本次股东大会采取现场表决与网络投票相结合的方式召 开。 4、会议召集人：公司董事会。 5、会议主持人：董事长吴中平先生主持。 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 （一）会议的召开情况 1、会议召开时间： 现场会议召开时间：2025年5月16日（星期五）14:00。 网络投票时间：202 ...

上海市通力律师事务所 关于浙江中科磁业股份有限公司 2024 年年度股东大会的法律意见书 致: 浙江中科磁业股份有限公司 上海市通力律师事务所(以下简称"本所")接受浙江中科磁业股份有限公司(以下简称 "公司")的委托, 指派本所陈杨律师、俞挺律师(以下简称"本所律师")根据《中华人民共 和国公司法》《中华人民共和国证券法》《上市公司股东会规则》等法律法规和规范性文件(以 下统称"法律法规")及《浙江中科磁业股份有限公司章程》(以下简称"公司章程")的规定 就公司 2024 年年度股东大会(以下简称"本次股东大会")相关事宜出具法律意见。 本所律师已经对公司提供的与本次股东大会有关的法律文件及其他文件、资料予以了 核查、验证。在进行核查验证过程中, 公司已向本所保证, 公司提供予本所之文件中的所有 签署、盖章及印章都是真实的, 所有作为正本提交给本所的文件都是真实、准确、完整和有 效的, 且文件材料为副本或复印件的, 其与原件一致和相符。 在本法律意见书中, 本所仅对本次股东大会召集和召开的程序、出席本次股东大会人员 资格和召集人资格及表决程序、表决结果是否符合法律法规和公司章程的规定发表意见, 并 不对本次 ...

Group 1 - The core viewpoint indicates that the rare earth industry is experiencing positive momentum, with the China Rare Earth Industry Index rising by 0.89% and the Rare Earth ETF Fund showing a significant increase of 5.94% over the past two weeks, leading among comparable funds [1][4] - The Rare Earth ETF Fund has seen a notable increase in trading volume, with a turnover rate of 1.69% and a total transaction value of 30.82 million yuan, ranking first among comparable funds in terms of average daily trading volume over the past year [4] - The fund's scale has grown significantly, with an increase of 63.04 million yuan in the past week, also ranking first among comparable funds, and a growth of 42 million shares in the same period [4] Group 2 - In terms of exports, China exported 58,100 tons of rare earth permanent magnet materials in 2024, with the export volume accounting for approximately 24% of the total production of neodymium-iron-boron [5] - The export control on medium and heavy rare earths is expected to tighten supply overseas, potentially driving up prices both internationally and domestically [5] - The top ten weighted stocks in the China Rare Earth Industry Index account for 57.42% of the index, indicating a concentrated investment landscape [5]

Core Viewpoint - The electronic transformer industry in China is experiencing significant growth, transitioning from traditional bulky transformers to intelligent electronic transformers, driven by advancements in power electronics, computer technology, and automatic control technology. The market size is projected to grow from 30.96 billion yuan in 2018 to 68.19 billion yuan by 2024, with a compound annual growth rate (CAGR) of 14.07% [1][15]. Industry Overview - Electronic transformers, also known as electronic power transformers, combine power electronics conversion technology with high-frequency energy conversion technology based on electromagnetic induction principles. They are primarily composed of high-frequency transformer cores and multiple coils, categorized by applications such as power transformers, audio transformers, pulse transformers, and special transformers [3]. Market Size and Growth - The electronic transformer market in China is expected to grow from 30.96 billion yuan in 2018 to 68.19 billion yuan by 2024, reflecting a CAGR of 14.07%. This growth is supported by factors such as the acceleration of ultra-high voltage grid construction, the establishment of new power systems, rural revitalization strategies, and the implementation of carbon neutrality goals [1][15]. Policy Support - The Chinese government has implemented various policies to support the development and innovation of the electronic transformer industry. Key policies include energy efficiency standards for transformers and motors, and initiatives to increase the proportion of high-efficiency energy-saving products in various sectors by 2025 [5][7]. Industry Chain - The upstream of the electronic transformer industry includes raw materials such as copper, magnetic cores, and insulation materials. The midstream involves the manufacturing of electronic transformers, while the downstream encompasses applications in power, industry, transportation, and communication sectors. The growing demand for electricity and the penetration of new energy vehicles are driving the demand for electronic transformers [8][10]. Key Enterprises - Major companies in the electronic transformer industry include TBEA Co., Ltd., Baoding Tianwei Baobian Electric Co., Ltd., and China XD Electric Co., Ltd. These companies are involved in the research, design, production, and sales of transformers and related products, with significant revenue growth reported in recent years [20][22]. Development Trends - The electronic transformer industry is moving towards high-frequency, miniaturization, and efficiency. The demand for high-performance transformers is increasing due to the rapid development of 5G communication, renewable energy, and electric vehicles. Companies are investing in research and development to enhance product performance and reliability [25][26]. Conclusion - The electronic transformer industry in China is poised for robust growth, driven by technological advancements, supportive government policies, and increasing demand across various sectors. The market is expected to expand significantly, providing ample opportunities for key players and new entrants alike [1][15][18].

Financial Performance - In Q1 2025, the company achieved a revenue of ¥154,029,432.79, a 35.09% increase compared to the same period last year [2] - The net profit attributable to shareholders was ¥13,438,447.13, reflecting a significant increase of 232.27% year-on-year [2] - For the full year 2024, the company reported a revenue of ¥546,404,129.27, which is a 12.75% increase from the previous year [2] - However, the net profit for 2024 was ¥16,560,773.82, showing a decline of 65.59% compared to the previous year [2] Factors Affecting Profitability - The decline in net profit for 2024 was attributed to lower raw material prices and intensified industry competition, which pressured product prices and gross margins [3] - The company is currently collaborating with lightweight humanoid robotic arm clients, but this has not yet resulted in significant revenue [3] Future Growth Drivers - Short-term growth is expected from the alleviation of capacity constraints due to the partial production of fundraising projects and a recovery in downstream demand [3] - Long-term growth is anticipated through targeting top three production capacities in permanent magnet ferrite and transitioning to high-performance, high-value neodymium iron boron products, alongside expansion into emerging markets like electric vehicles and robotics [3] Industry Outlook - The rare earth permanent magnet industry is facing pressure due to price fluctuations and weak demand, with overall performance trends consistent across the industry [3] - The future market demand for permanent magnet materials is expected to be strong, driven by applications in electric vehicles, wind power, consumer electronics, and energy-saving appliances, supported by global carbon neutrality goals [3] Disclosure Information - The investor relations activity did not involve any undisclosed significant information [4]

Group 1 - The core viewpoint of the news is that Zhongke Magnetic Industry has shown significant growth in revenue and profit in the first quarter of 2025, despite a decline in net profit for the year 2024 [1][2] - In 2024, Zhongke Magnetic achieved an operating income of 546 million yuan, a year-on-year increase of 12.75%, but the net profit attributable to shareholders decreased by 65.69% to 16.56 million yuan [1] - For the first quarter of 2025, the company reported an operating income of 154 million yuan, a year-on-year increase of 35.09%, and a net profit attributable to shareholders of 13.44 million yuan, a significant increase of 232.27% [1] Group 2 - Zhongke Magnetic focuses on vertical integration of its supply chain by developing its own raw materials, specifically iron oxide pre-burned materials, to reduce supply chain costs and enhance control over key materials [1][2] - The company is expanding its product applications into emerging fields such as robotics, low-altitude economy, new energy vehicles, and industrial automation, which are expected to provide substantial market opportunities [2] - In 2024, Zhongke Magnetic invested 17.82 million yuan in R&D, a year-on-year increase of 4.06%, and increased its R&D personnel to 90, a rise of 15.38% [2][3] Group 3 - The company has a strong technical foundation, having mastered core production technologies for high-performance rare earth permanent magnet materials, which supports its strategy for vertical integration and expansion into downstream applications [3] - Zhongke Magnetic aims to become a global leader in providing permanent magnet material application solutions by continuously increasing its R&D investment and maintaining its market advantage [3]

证券代码：301141 证券简称：中科磁业 公告编号：2025-008 浙江中科磁业股份有限公司 关于 2024 年度计提资产减值准备的公告 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。 （一）计提资产减值准备的原因 根据《企业会计准则》和公司会计政策等相关规定，为真实反映公司的财务 状况、资产价值及经营情况，基于谨慎性原则，浙江中科磁业股份有限公司（以 下简称"公司"）对合并报表范围内截至2024年12月31日的各类资产按照企业会 计准则进行了减值测试，根据测试结果，对存在减值的资产计提减值准备。 （二）计提资产减值准备的资产范围、总金额 注：如存在尾数差异为四舍五入所致，下同。 1 （一）信用减值损失 根据《企业会计准则》以及公司执行的会计政策的相关规定：公司以预期信 用损失为基础进行减值会计处理并确认损失准备，无论是否存在重大融资成分， 公司始终按照相当于整个存续期内预期信用损失的金额计量其损失准备。2024 年度对应收票据、应收账款、其他应收款、应收款项融资合计计提信用减值损失 310.65 万元。 （二）资产减值损失 资产负债表日，公司的存货采用成 ...

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。 一、募集资金基本情况 （一）实际募集资金金额及资金到位情况 经中国证券监督管理委员会《关于同意浙江中科磁业股份有限公司首次公开 发行股票注册的批复》（证监许可[2023]364 号）同意注册，公司首次公开发行 人民币普通股（A 股）股票 2,215 万股，发行价格为 41.20 元/股，募集资金总额 为 912,580,000.00 元，扣除不含增值税发行费用 87,752,862.12 元后，募集资金净 额为 824,827,137.88 元。上述募集资金已于 2023 年 3 月 29 日全部到位并存放于 公司募集资金专户管理，立信会计师事务所（特殊普通合伙）对募集资金到位情 况进行了审验，并出具了《验资报告》（信会师报字[2023]第 ZA10689 号）。募 集资金到账后，公司已对募集资金进行了专户存储，公司、保荐机构与募集资金 开户行签署了《募集资金三方监管协议》。 （二）募集资金使用和结余情况 截至 2024 年 12 月 31 日，公司募集资金使用情况及结存情况如下： 证券代码：301141 证券简 ...