安徽承义律师事务所 关于 安徽铜冠铜箔集团股份有限公司 召开 2025 年第二次临时股东会的 法律意见书 一、本次股东会召集人资格和召集、召开的程序 经核查，本次股东会是由公司第二届董事会召集，公司已于 2025 年 8 月 16 日在中国证监会指定的信息披露网站和深圳证券交易所网站上披露了关于召开 本次股东会的通知。本次股东会的现场会议于 2025 年 9 月 3 日 14:30 在安徽省 池州经济技术开发区清溪大道 189 号安徽铜冠铜箔集团股份有限公司一楼会议 室如期召开。本次股东会的召集人资格和召集、召开程序符合法律、法规、规范 性文件和公司章程的规定。 二、本次股东会出席人员的资格 安徽承义律师事务所 中国.合肥市政务区怀宁路 200 号栢悦中心 5 楼 邮编: 230022 电话（Tel）:（86-551）65609815 传真（Fax）:（86-551）65608051 网址（Website）:www.chengyi-law.com 电子信箱（E-mail）：chengyilawyer@163.com 安徽承义律师事务所 关于安徽铜冠铜箔集团股份有限公司 召开 2025 年第二次临时股东会的法律 ...

证券代码：301217 证券简称：铜冠铜箔 公告编号：2025-046 安徽铜冠铜箔集团股份有限公司 2025年第二次临时股东会决议公告 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。 特别提示： 1、本次股东会无否决议案的情形； 2、本次股东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 （2）网络投票时间：2025年9月3日（星期三）。其中，通过深圳证券交易 所交易系统进行网络投票的时间为2025年9月3日的交易时间，即上午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2025年9月3日9:15至15:00期间的任意时间。 2、会议召开方式：本次会议采取现场表决和网络投票相结合的方式。 3、会议召开地点：安徽省池州经济技术开发区清溪大道189号安徽铜冠铜箔 集团股份有限公司一楼会议室。 4、会议召集人：公司董事会。 5、会议主持人：董事长甘国庆先生。 6、本次股东会会议的召集、召开程序符合《中华人民共和国公司法》《上 市公司股东会规则》《深圳证券交易所创业板股票上市 ...

Group 1 - The core viewpoint of the news is the significant increase in the stock price of Copper Crown Copper Foil, which rose by 5.25% to 31.88 CNY per share, with a trading volume of 866 million CNY and a turnover rate of 3.36%, leading to a total market capitalization of 26.429 billion CNY [1] - Copper Crown Copper Foil, established on October 18, 2010, and listed on January 27, 2022, specializes in the research, manufacturing, and sales of high-precision electronic copper foil [1] - The main business revenue composition of Copper Crown Copper Foil includes PCB copper foil at 56.84%, lithium battery copper foil at 37.92%, copper flat wire at 4.45%, and other supplementary products at 0.79% [1] Group 2 - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of Copper Crown Copper Foil, having increased its holdings by 469,800 shares in the second quarter, totaling 2.3285 million shares, which represents 1.02% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 64.953 billion CNY, achieving a year-to-date return of 24.03% and a one-year return of 62.92% [2] - The fund manager of Southern CSI 1000 ETF is Cui Lei, who has been in the position for 6 years and 302 days, with a total fund asset scale of 94.976 billion CNY and a best fund return of 138.38% during the tenure [3]

Investment Rating - The report gives an "Accumulate" investment rating for the company [4]. Core Viewpoints - The company is a leading domestic copper foil manufacturer with an annual production capacity of 80,000 tons, primarily producing PCB copper foil and lithium battery copper foil. It is expected to benefit from the development of AI and accelerated domestic substitution, with its lithium battery copper foil technology being industry-leading [1][8]. - The company is projected to see a recovery in profitability for lithium battery copper foil and benefit from new production capacity ramp-up, with estimated net profits of 153 million, 316 million, and 500 million yuan for 2025, 2026, and 2027 respectively [8]. Financial Data and Valuation - Total revenue (in million yuan) is projected to grow from 3,785 in 2023 to 6,776 in 2025, reflecting a year-on-year growth of 44% [3]. - The company is expected to recover from a significant loss in 2024, with a projected operating profit of 202 million yuan in 2025 and a net profit of 153 million yuan [3]. - The price-to-earnings (PE) ratio is expected to decrease from 180.6 in 2025 to 55.2 in 2027, indicating improving valuation metrics as profitability recovers [3]. Financial Condition and Capacity Growth - The company maintains a low debt-to-asset ratio of 28.2%, indicating a stable financial condition [4][27]. - The production capacity is set to increase to 80,000 tons by 2024, with 35,000 tons for PCB copper foil and 45,000 tons for lithium battery copper foil [8][30]. - The company has seen steady growth in copper foil production, with 35,100 tons produced in the first half of 2025, driven by new production lines [33]. Business Collaboration and Market Position - The company has effective business collaboration with its major shareholders, including Tongling Nonferrous Metals Group, which holds a 72.38% stake, ensuring a stable supply of raw materials [15][18]. - The company is positioned to benefit from the growing demand for high-end copper foil products driven by advancements in AI and the increasing performance requirements for PCB applications [8][39]. Product Overview - The company produces high-performance PCB copper foil and lithium battery copper foil, with specifications including 4.5μm, 5μm, and 6μm for lithium battery applications [35][49]. - The PCB copper foil product line includes high-temperature, high-elongation copper foil (HTE), reverse-treated copper foil (RTF), and ultra-low profile copper foil (HVLP), catering to high-frequency and high-speed applications [35][36].

Group 1 - The stock price of Copper Crown Copper Foil dropped by 5.23% to 33.35 CNY per share, with a trading volume of 9.64 billion CNY and a turnover rate of 3.42%, resulting in a total market capitalization of 27.648 billion CNY [1] - Copper Crown Copper Foil, established on October 18, 2010, and listed on January 27, 2022, specializes in the research, manufacturing, and sales of various high-precision electronic copper foils. The revenue composition includes PCB copper foil (56.84%), lithium battery copper foil (37.92%), copper flat wire (4.45%), and others (0.79%) [1] Group 2 - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of Copper Crown Copper Foil, having increased its holdings by 469,800 shares in the second quarter, totaling 2.3285 million shares, which represents 1.02% of the circulating shares. The estimated floating loss today is approximately 4.2845 million CNY [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 64.953 billion CNY. Year-to-date returns are 26.28%, ranking 1562 out of 4222 in its category, while the one-year return is 68.19%, ranking 1102 out of 3776. Since inception, the return is 11.75% [2]

Group 1 - Longyang Electronics and Jin'an Guoji both hit the daily limit up in the afternoon trading session [1] - Jiangnan New Materials and Woge Optoelectronics previously reached the daily limit up [1] - Other companies such as Dongcai Technology, Fangbang Co., Jiyuan Technology, Tongguan Copper Foil, and Dongwei Technology also experienced gains [1]

Company Overview - Copper Crown Copper Foil Co., Ltd. is located in Chizhou Economic and Technological Development Zone, Anhui Province, and was established on October 18, 2010. The company went public on January 27, 2022. Its main business involves the research, manufacturing, and sales of various high-precision electronic copper foils [1]. Business Segmentation - The revenue composition of Copper Crown Copper Foil is as follows: PCB copper foil accounts for 56.84%, lithium battery copper foil for 37.92%, copper flat wire and others for 4.45%, and other supplementary products for 0.79% [1]. Stock Performance - On August 28, the stock price of Copper Crown Copper Foil fell by 6.16%, reaching 31.52 CNY per share, with a trading volume of 317 million CNY and a turnover rate of 1.18%. The total market capitalization is 26.131 billion CNY [1]. Shareholder Information - Among the top ten circulating shareholders of Copper Crown Copper Foil, a fund under Southern Fund holds a significant position. The Southern CSI 1000 ETF (512100) increased its holdings by 469,800 shares in the second quarter, bringing its total to 2.3285 million shares, which represents 1.02% of the circulating shares. The estimated floating loss today is approximately 4.82 million CNY [2]. Fund Manager Profile - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has been in the position for 6 years and 296 days. The total asset size of the fund is 94.976 billion CNY, with the best fund return during the tenure being 123.58% and the worst being -23.52% [3].

Group 1 - The core viewpoint of the news highlights the financial performance and market activity of Copper Crown Copper Foil, indicating a significant increase in revenue and net profit for the first half of 2025 [2] - As of August 27, Copper Crown Copper Foil's trading volume was 1.798 billion yuan, with a financing net buy of -9.5092 million yuan, indicating a high level of trading activity [1] - The company has a high financing balance of 3.50 billion yuan, which accounts for 1.26% of its market capitalization, exceeding the 90th percentile of the past year [1] Group 2 - For the first half of 2025, Copper Crown Copper Foil achieved an operating income of 2.997 billion yuan, representing a year-on-year growth of 44.80%, and a net profit attributable to shareholders of 34.954 million yuan, up 159.47% year-on-year [2] - The company has distributed a total of 2.57 billion yuan in dividends since its A-share listing, with 1.33 billion yuan distributed in the last three years [3] - As of July 31, the number of shareholders increased to 57,100, with an average of 14,531 circulating shares per person, reflecting a significant rise in shareholder engagement [2]

Group 1 - The Anhui Provincial Department of Industry and Information Technology has announced the list of future industry demonstration application projects for 2025, which includes the "HVLP Copper Foil for 5G Communication" project by Anhui Tongguan Copper Foil Group Co., Ltd [2] - HVLP copper foil is a key material for ultra-low loss high-frequency and high-speed circuit substrates, characterized by low signal loss and low impedance, with applications in 5G communication RF antennas, base stations, and servers [2] - Since 2018, the company has been developing HVLP copper foil products, overcoming significant technical bottlenecks in the industry through innovative core technologies, and has established itself as a leading supplier of 5G copper foil [2]

Group 1 - The stock price of Copper Crown Copper Foil dropped by 5% to 33.82 CNY per share, with a trading volume of 487 million CNY and a turnover rate of 1.70%, resulting in a total market capitalization of 28.037 billion CNY [1] - Copper Crown Copper Foil, established on October 18, 2010, and listed on January 27, 2022, specializes in the research, manufacturing, and sales of high-precision electronic copper foil. The revenue composition includes PCB copper foil (56.84%), lithium battery copper foil (37.92%), copper flat wire (4.45%), and other (0.79%) [1] Group 2 - According to data from the top ten holdings of funds, Everbright Pramerica Fund has a position in Copper Crown Copper Foil, holding 2,800 shares, which accounts for 0.22% of the fund's net value, ranking as the fifth-largest holding. The estimated floating loss today is approximately 4,984 CNY [2] - Everbright Pramerica Multi-Strategy Selected 18-Month Mixed Fund (004457) was established on May 16, 2017, with a latest scale of 16.1034 million CNY. Year-to-date return is 5.14%, ranking 6542 out of 8266 in its category; the one-year return is 7.58%, ranking 7082 out of 8027; and the cumulative return since inception is 40.79% [2] Group 3 - The fund manager of Everbright Pramerica Multi-Strategy Selected 18-Month Mixed Fund is Zhu Jiantao, who has been in the position for 1 year and 113 days. The total asset size of the fund is 1.851 billion CNY, with the best fund return during his tenure being 37% and the worst being 5.11% [3]