宁波星源卓镁技术股份有限公司 2025 年第一次临时股东大会决议公告 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： 证券代码：301398 证券简称：星源卓镁 公告编号：2025-043 （六）本次股东大会会议的召集、召开程序符合《中华人民共和国公司法》 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。 （七）会议出席情况： 1. 本次股东大会未出现否决议案的情形； 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）会议召开时间： 1.现场会议时间：2025年9月15日（星期一）14:30。 2.网络投票时间：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9月15日9:15-9:25，9:30-11:30，13:00-15:00；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15日9:15-15:00期间的任意时间。 （二）会议召开地点：浙江省宁波市北仑区大碶街道璎珞河路139号四楼高 层会议室。 （三）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 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The low-altitude economy is gaining momentum with significant policy support and market developments, including the issuance of the first overseas pilot license for a manned aircraft by Xiaopeng Huaitian and a procurement agreement for 350 eVTOLs with Autocraft [17][25] - The average stock performance in the low-altitude economy sector increased by 2.3% from September 8 to September 12, with notable gains from companies like Wolong Electric Drive (+19.9%) and Changyuan Donggu (+18.4%) [4][10] Summary by Sections Industry Dynamics - On September 6, Wenchang City released a draft for the low-altitude economy industry development plan, focusing on aerospace equipment and general aviation, aiming to create a composite industry system integrating low-altitude economy, aerospace, and cultural tourism [22] - Sichuan Province announced a smart agriculture plan on September 9, targeting the establishment of 20 agricultural low-altitude demonstration sites by 2025 and 100 by 2028, with a goal of having over 15,000 agricultural drones [23] Individual Company Developments - Xiaopeng Huaitian's "Land Aircraft" received the first overseas pilot license for a Chinese enterprise, marking a breakthrough in the Middle East market for eVTOLs [25] - Ping An Property & Casualty disclosed that it has insured over 150,000 drones, providing risk coverage exceeding 90 billion yuan, and has established a new risk research institute for the low-altitude economy [26] - Chengdu Iron Tower proposed the creation of a "three-network" system for the low-altitude economy, covering eight application scenarios, leveraging its extensive site resources [27]

Core Viewpoint - Xingyuan Zhuomei's stock price increased by 5.21% with a trading volume turnover rate of 48.13%, indicating significant market activity and interest in the stock [2] Trading Activity - The total trading volume for the day reached 8.51 billion yuan, with a price fluctuation of 18.07% [2] - Institutional investors net bought 23.07 million yuan, while brokerage seats collectively net sold 48.44 million yuan [2] - The stock was listed on the Shenzhen Stock Exchange due to its high turnover rate of 48.13% [2] Institutional Participation - The top five trading departments accounted for a total transaction volume of 196 million yuan, with a buying amount of 85.23 million yuan and a selling amount of 111 million yuan, resulting in a net selling of 25.37 million yuan [2] - Four institutional specialized seats were involved in the trading, with a total buying amount of 63.87 million yuan and a selling amount of 40.80 million yuan, leading to a net buying of 23.07 million yuan [2] Fund Flow - The stock experienced a net inflow of 8.28 million yuan from major funds, with a significant inflow of 11.34 million yuan from large orders, while large orders saw a net outflow of 3.06 million yuan [2] - Over the past five days, the net inflow of major funds amounted to 153 million yuan [2]

Market Performance - The ChiNext Index rose by 5.15%, closing at 3053.75 points, with a total trading volume of 704.26 billion yuan, an increase of 137.01 billion yuan compared to the previous trading day [1] - Among the tradable ChiNext stocks, 1166 stocks closed higher, with 25 stocks rising over 10%, including Jin Xin Nuo, Nan Feng Co., and Ding Tai Gao Ke, which hit the daily limit [1] Trading Activity - The average turnover rate for the ChiNext today was 4.77%, with 36 stocks having a turnover rate exceeding 20% [1] - C Aifenda, a newly listed stock, had the highest turnover rate at 66.03%, closing down 4.36% with a trading volume of 746 million yuan [1][4] Institutional Participation - In the high turnover stocks, 7 stocks appeared on the Dragon and Tiger List, with 5 stocks showing institutional participation [3] - Notable net purchases included Bei Fang Chang Long with 102 million yuan and Jie Chuang Zhi Neng with 23.21 million yuan from institutional investors [3] Fund Flow - Among high turnover stocks, 20 stocks saw net inflows of main funds, with Jin Xin Nuo, Ke Tai Power, and Gao Lan Co. leading with net inflows of 381 million yuan, 238 million yuan, and 184 million yuan respectively [3] - Conversely, stocks like Xing Fu Lan Hai and Nan Du Power experienced significant net outflows, with amounts of 247 million yuan and 220 million yuan respectively [3] Earnings Forecast - C Aifenda is the only high turnover stock that released a performance forecast, expecting a net profit of 99 million yuan, representing a year-on-year increase of 14.72% [4]

融券方面，当日无融券交易。 融资融券余额1.27亿元，较昨日上涨2.3%。 | 交易日 | 两融余额(元) | 余额变动(元) | 变动幅度 | | --- | --- | --- | --- | | 2025-09-10 | 1.27亿 | 284.61万 | 2.30% | | 2025-09-09 | 1.24亿 | 64.71万 | 0.53% | | 2025-09-08 | 1.23亿 | 446.98万 | 3.77% | | 2025-09-05 | 261"I | 418.85万 | 3.66% | | 2025-09-04 | 1.15亿 | 299.89万 | 2.69% | 证券之星消息，9月10日，星源卓镁（301398）融资买入7482.13万元，融资偿还7197.52万元，融资净买 入284.61万元，融资余额1.27亿元，近3个交易日已连续净买入累计796.3万元，近20个交易日中有12个 交易日出现融资净买入。 | 交易日 | 融资净买入(元) | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | | 2025-09-10 | 284. ...

星源卓镁今日上涨10.23%，全天换手率50.94%，成交额9.29亿元，振幅11.51%。龙虎榜数据显示，机构 净卖出3051.94万元，营业部席位合计净买入4947.86万元。 星源卓镁9月10日交易公开信息 | 买/ 卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 东方证券股份有限公司上海松江区沪亭北路证券营业 部 | 2163.58 | 2.16 | | 买二 | 机构专用 | 2019.45 | 0.57 | | 买三 | 华鑫证券有限责任公司上海茅台路证券营业部 | 1986.46 | 1.11 | | 买四 | 中泰证券股份有限公司常州惠国路证券营业部 | 1784.56 | 7.49 | | 买五 | 东亚前海证券有限责任公司上海分公司 | 1481.82 | 0.00 | | 卖一 | 机构专用 | 0.00 | 3685.03 | | 卖二 | 中信证券股份有限公司北京首体南路证券营业部 | 0.00 | 1705.83 | | 卖三 | 机构专用 | 724.82 | 1485.69 | | 卖四 ...

Group 1 - The stock of Xingyuan Zhuomei has shown strong performance, reaching a price of 56.87 yuan with a 20.00% increase and a trading volume of 3.87 billion yuan, indicating strong upward momentum [1] - From June 24 to August 20, Xingyuan Zhuomei recorded an 81.04% increase, with a peak price of 59.58 yuan, reflecting sustained market interest [3] - The core logic behind the market speculation on Xingyuan Zhuomei is the explosive growth of magnesium alloy lightweight concepts, which can achieve a weight reduction of 25%-35% compared to aluminum alloys, making it a crucial material for the automotive industry [3] Group 2 - The company is a pioneer in the magnesium alloy die-casting field, possessing significant first-mover advantages and technical barriers [3] - A report from Southwest Securities on September 1 gave a buy rating, indicating that the company's magnesium alloy products are about to enter a phase of significant growth [3] - The company has received approval for a convertible bond project to raise up to 450 million yuan for the annual production of 3 million sets of high-strength large magnesium alloy precision forming parts for automobiles [3] Group 3 - The company has secured a designated project for new energy vehicle components, with an expected total sales of 650 million yuan, and is preparing for mass production from 2026 to 2029 [3] - Magnesium alloys, being lighter and stronger than aluminum alloys, have significant replacement potential in the lightweight trend of new energy vehicles [4] - The application of magnesium alloy technology by leading automotive companies like BYD is expected to trigger a follow-up effect in the industry, promoting rapid development across the entire magnesium alloy supply chain [4]

Core Viewpoint - Ningbo Xingyuan Zhuomei Technology Co., Ltd. is in the process of issuing convertible bonds to raise funds for a project aimed at producing 3 million sets of high-strength magnesium alloy precision forming parts for automobiles, with a total fundraising amount not exceeding 450 million yuan [3][4][5]. Group 1: Company Announcements - The application for issuing convertible bonds has been approved by the Shenzhen Stock Exchange, and the company is awaiting registration from the China Securities Regulatory Commission [3][5]. - The company reported continuous growth in main business revenue, with a stable cash flow and good collection situation, despite some fluctuations in gross profit margin due to raw material price changes [3][4][6]. - The proposed investment project has received environmental and energy assessments, and the investment scale is deemed reasonable with cautious profit forecasts [6]. Group 2: Financial Information - The company’s main credit rating is A, with a stable outlook, and the bond credit rating is A+ [4][5]. - The company has distributed a total of 83.2 million yuan in cash dividends over the past three years, which accounts for 115.21% of the average annual net profit [5]. - On September 9, the stock closed at 47.39 yuan, down 2.49%, with a trading volume of 36,800 shares and a turnover of 175 million yuan [1].

Core Viewpoint - Xingyuan Zhuomei has responded to the Shenzhen Stock Exchange's inquiry regarding its application for issuing convertible bonds, providing detailed explanations on financial fluctuations and project planning [1][4]. Financial Performance - The company's main business revenue for the reporting period was 214.68 million, 265.98 million, 346.83 million, and 285.20 million, showing a growth trend [1]. - The net cash flow from operating activities was lower than net profit from 2021 to 2024, primarily due to changes in inventory and operating receivables, as well as non-cash expenses [1]. - In the first half of 2025, net cash flow from operating activities exceeded net profit, attributed to an increase in cash received from sales and government subsidies [1]. Profitability Metrics - The gross profit margins from 2021 to June 2025 were 41.65%, 36.41%, 34.83%, 35.43%, and 30.72%, indicating a downward trend influenced by raw material price fluctuations [2]. - The cost of raw materials for magnesium alloy die-casting increased by approximately 57.59% in 2022, leading to a 9.76 percentage point decline in gross margin compared to the previous year [2]. - Xingyuan Zhuomei maintains a higher gross margin compared to industry peers due to its business focus, operational scale, and strategic choices [2]. Sales and Inventory Management - The company's foreign sales revenue closely matched export customs declaration amounts and tax refunds, indicating reliable collection from foreign clients [3]. - Inventory levels increased significantly during the reporting period, justified by business growth and raw material stocking [3]. - The inventory structure primarily consists of raw materials, work-in-progress, and finished goods, with a consistent proportion above 85% across reporting periods [3]. Fundraising and Project Investment - Xingyuan Zhuomei plans to raise up to 450 million RMB for a project to produce 3 million sets of high-strength magnesium alloy precision components for automobiles [4]. - The investment scale of the project is reasonable, with unit capacity investment lower than the industry average, and all project details are conservatively estimated [4]. - Although the project may lead to increased depreciation and dilution of net asset returns in the short term, it is expected to significantly enhance the company's long-term profitability [4].

证券代码：301398 证券简称：星源卓镁 公告编号：2025-042 鉴于公司2025年半年度报告已于2025年8月29日公开披露，按照相关法规要 求，公司会同相关中介机构对募集说明书等申请文件的部分内容进行了相应的补 充、更新和修订，具体内容详见公司同日在巨潮资讯网（http://www.cninfo.com.cn） 披露的《宁波星源卓镁技术股份有限公司向不特定对象发行可转换公司债券募集 说明书（注册稿）》等相关文件。 公司本次发行事项尚需履行中国证券监督管理委员会（以下简称"中国证监 会"）注册程序，最终中国证监会能否同意注册及其时间尚存在不确定性。公司 将在收到中国证监会作出的予以注册或不予注册的决定文件后另行公告。敬请广 大投资者注意投资风险。 特此公告。 宁波星源卓镁技术股份有限公司 董事会 2025 年 9 月 9 日 宁波星源卓镁技术股份有限公司 关于向不特定对象发行可转换公司债券募集说明书 （注册稿）等相关文件更新的提示性公告 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。 宁波星源卓镁技术股份有限公司（以下简称"公司"）向不特定对象发行可 ...