证券代码：301217 证券简称：铜冠铜箔 公告编号：2025-055 安徽铜冠铜箔集团股份有限公司 2025年第三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 1、会议召开的日期、时间： （1）现场会议召开时间：2025年9月29日（星期一）14：30； （2）网络投票时间：2025年9月29日（星期一）。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29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29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。 6、本次股东会会议的召集、召开程序符合《中华人民共 ...

Group 1 - The core viewpoint of the news is the performance and market position of Anhui Copper Crown Copper Foil Co., Ltd, which saw a stock price increase of 5.42% to 32.50 CNY per share, with a total market capitalization of 26.943 billion CNY [1] - The company was established on October 18, 2010, and went public on January 27, 2022, focusing on the research, manufacturing, and sales of high-precision electronic copper foil [1] - The revenue composition of the company 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 - From the perspective of major circulating shareholders, Southern Fund's Southern CSI 1000 ETF (512100) increased its holdings by 469,800 shares in the second quarter, now holding 2.3285 million shares, which accounts for 1.02% of the circulating shares [2] - The estimated floating profit from this investment is approximately 3.8886 million CNY [2] - The Southern CSI 1000 ETF was established on September 29, 2016, with a current scale of 64.953 billion CNY, and has achieved a year-to-date return of 25.56% [2]

Core Viewpoint - The company, Anhui Tongguan Copper Foil Group Co., Ltd., has shown significant growth in revenue and profitability in the first half of 2025, driven by strong demand for HVLP copper foil and lithium battery copper foil, despite facing challenges from market oversupply and fluctuating copper prices [3][11]. Company Performance - In the first half of 2025, the company achieved total revenue of 2.997 billion yuan, representing a year-on-year increase of 44.80% [3][10]. - The net profit attributable to shareholders was 34.95 million yuan, marking a turnaround from previous losses [3][11]. - The company reported a negative cash flow from operating activities of -458 million yuan, compared to -352 million yuan in the same period last year [3]. Production and Market Strategy - The company produced 35,078 tons of copper foil in the reporting period, with high-frequency and high-speed substrate copper foil experiencing a supply shortage, accounting for over 30% of PCB copper foil production [4]. - The production capacity for HVLP copper foil exceeded the total production level for 2024 in the first half of 2025, indicating rapid growth in this segment [5][10]. - The company is actively optimizing its product structure and market strategy to focus on high-end markets, leveraging its position as a pioneer in high-end copper foil [3][5]. Industry Context - The copper foil industry is currently facing an oversupply situation, with a projected demand of 999,000 tons in 2024, while total domestic production capacity is expected to reach 2,113,000 tons [7]. - The fluctuating prices of copper, a key raw material, have significantly impacted the company's cost control, with high copper prices exerting pressure on profit margins [7][8]. - The company benefits from stable and relatively low-cost raw material supplies through its association with its controlling shareholder, Tongling Nonferrous Metals, which provides a cost advantage of 35% compared to industry peers [8]. Market Outlook - The global PCB market is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2029, reaching a market size of approximately 94.661 billion USD by 2029 [9]. - The demand for HVLP copper foil is expected to increase due to the growth of AI servers and the overall PCB industry, providing a favorable environment for the company's continued revenue growth [10][11].

Market Overview - The battery sector experienced a decline of 2.31% on the previous trading day, with Naconor leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable gainers in the battery sector included: - Fangyuan Co., Ltd. (688148) with a closing price of 6.71, up 20.04% [1] - Huazi Technology (300490) at 12.56, up 15.44% [1] - Tianji Co., Ltd. (002759) at 16.30, up 9.99% [1] - Conversely, Naconor (832522) saw a significant decline of 7.66%, closing at 65.71 [2] - Other notable decliners included Honggong Technology (301662) down 7.47% and Kuoguli (301487) down 6.91% [2] Trading Volume and Capital Flow - The battery sector saw a net outflow of 4.296 billion yuan from institutional investors, while retail investors contributed a net inflow of 3.169 billion yuan [2][3] - The trading volume for Fangyuan Co., Ltd. reached 326,400 shares, with a transaction value of 214 million yuan [1] - Huazi Technology had a trading volume of 1,035,900 shares, with a transaction value of 1.273 billion yuan [1] Capital Inflow Analysis - Tianji Co., Ltd. (002759) had a net inflow of 478 million yuan from institutional investors, representing 30.17% of its total trading [3] - Shanshan Co., Ltd. (600884) saw a net inflow of 256 million yuan, accounting for 12.87% [3] - Conversely, Naconor experienced a net outflow of 740 million yuan from institutional investors [3]

证券日报网讯铜冠铜箔（301217）9月25日在互动平台回答投资者提问时表示，HVLP铜箔作为高端覆 铜板的关键原材料，技术壁垒高，全球范围内，仅少数企业能批量生产。公司较早布局高端铜箔市场， 积极对接市场需求，打破技术垄断，相关产品实现批量供应，并实现规模化出口。公司拥有多条HVLP 铜箔完整产线，并新购置多台表面处理机以扩充HVLP铜箔生产，满足未来增长需求。2025年上半年， 公司的HVLP产能已超过2024年全年产能。 ...

Core Viewpoint - Mitsui Mining & Smelting announced a 15% price increase for HVLP copper foil, indicating a strong market demand and potential supply constraints in the high-end copper foil sector [2]. Company Summary - Copper Crown Copper Foil (301217.SZ) confirmed that HVLP copper foil is a key raw material for high-end copper-clad laminates, characterized by high technical barriers and limited global production capacity [2]. - The company has strategically positioned itself in the high-end copper foil market, successfully breaking technical monopolies and achieving mass production and scale exports of related products [2]. - Copper Crown has multiple complete production lines for HVLP copper foil and has recently purchased several surface treatment machines to expand production capacity, aiming to meet future growth demands [2]. - By the first half of 2025, the company's HVLP production capacity is expected to exceed the total capacity for the entire year of 2024 [2].

Core Viewpoint - The company is actively expanding its production capacity of HVLP copper foil, a key raw material for high-end copper-clad laminates, to meet growing market demand and break existing technological monopolies [1] Group 1: Company Strategy - The company has made early investments in the high-end copper foil market, positioning itself to meet market needs and disrupt technological monopolies [1] - The company has multiple complete production lines for HVLP copper foil and has recently purchased several surface treatment machines to expand production capacity [1] Group 2: Production Capacity - By the first half of 2025, the company's HVLP production capacity is expected to exceed the total production capacity for the entire year of 2024 [1]

Core Viewpoint - The introduction of Nvidia's new product Rubin is expected to significantly increase the demand for PCB copper foil, benefiting companies like Tongguang, which is a major customer of Nvidia [1] Group 1: Company Performance - In the first half of 2025, the company achieved a revenue of 2.997 billion yuan, representing a year-on-year growth of 44.80%, indicating a strong growth trend [1] - The current market conditions have led to a robust demand for high-frequency and high-speed copper foil orders [1] Group 2: Production Capacity and Expansion - The company possesses multiple complete production lines for HVLP copper foil and has recently purchased several surface treatment machines to expand HVLP copper foil production [1] - The company is prepared to meet the anticipated growth in market demand [1]

Group 1 - Mitsui Mining & Smelting announced a price increase of approximately 15% for high-end electrolytic copper foil, confirming the supply tightness driven by AI server demand [1] - The demand for HVLP copper foil has surged, with usage per AI server being eight times that of traditional servers, driven by NVIDIA's new Rubin platform adopting HVLP 5th generation copper foil [1] - The price increase led by industry leaders indicates a sustained supply-demand gap in high-end copper foil (HVLP) due to capacity conversion and increasing demand, with expectations extending into mid-next year [1] Group 2 - Domestic copper foil manufacturers are making breakthroughs in the high-end PCB copper foil sector, with those possessing high-end capacity likely to benefit from increased volume and price [1] - Tongguan Copper Foil has established a complete product matrix covering HVLP generations 1-4, leading to significant profit improvements as high-end electronic circuit copper foil volumes increase [2] - Defu Technology has formed a dual-driven pattern with lithium battery and PCB copper foil, achieving global leadership through overseas acquisitions, with HVLP 4 copper foil already shipped for use in M9 materials [2]

Market Overview - The Shanghai Composite Index closed at 3781.61 points, below the five-day moving average, with a decline of 1.23% [1] - The total trading volume of A-shares reached 171.35 billion yuan [1] Stocks Performance - A total of 119 A-shares broke through the five-day moving average today [1] - Notable stocks with significant deviation rates include: - Chuangyuan Xinke (创远信科) with a deviation rate of 11.34% and a daily increase of 20.09% [1] - Teruid (特锐德) with a deviation rate of 10.64% and a daily increase of 13.85% [1] - Niutai Ge (纽泰格) with a deviation rate of 7.97% and a daily increase of 9.93% [1] Additional Stocks with Minor Deviations - Stocks with smaller deviation rates that just crossed the five-day moving average include: - Xinghua New Materials (星华新材) and Haixing Power (海兴电力) [1] - Other stocks with notable performance include: - Ningbo Haiyun (宁波海运) with a daily increase of 9.95% and a deviation rate of 7.96% [1] - Xusheng Group (旭升集团) with a daily increase of 10.03% and a deviation rate of 7.83% [1]