重庆国际复合材料股份有限公司 2026 年公告 证券代码：301526 证券简称：国际复材 公告编号：2026-014 重庆国际复合材料股份有限公司（以下简称"公司"）第三届董事会第十四 次会议于 2026 年 3 月 27 日在公司会议室以现场结合通讯的方式召开。为稳步推 进公司收购控股子公司股权相关事项进展，本次会议已在会前说明并豁免通知时 限要求。本次会议应出席董事 9 名，实际出席董事 9 名（其中郑谦先生、付少学 先生、赵姝女士、雷华先生、商华军先生、谢岚女士以通讯方式出席）。本次会 议由公司董事长莫秋实先生主持，公司高级管理人员列席会议。本次会议的召集、 召开和表决程序符合《中华人民共和国公司法》《重庆国际复合材料股份有限公 司章程》等有关规定。 二、董事会会议审议情况 经各位董事认真审议，会议形成如下决议： （一）审议通过《关于收购控股子公司股权的议案》 同意公司受让控股子公司常州市宏发纵横新材料科技有限公司小股东谈昆 伦、谈灵芝合计持有的宏发新材 40%股权。本次交易完成后，宏发新材将成为公 司的全资子公司。具体内容详见公司同日披露于巨潮资讯网（www.cninfo.com.cn） 的《关于收 ...

董事、高级管理人员薪酬管理制度 重庆国际复合材料股份有限公司 董事、高级管理人员薪酬管理制度 第一章 总则 第一条 为进一步完善重庆国际复合材料股份有限公司（以下简称"公司"） 董事、高级管理人员的薪酬管理，建立科学合理的激励和约束机制，调动公司董 事、高级管理人员的积极性，在总结公司对董事、高级管理人员绩效考核经验基 础上，根据《中华人民共和国公司法》《上市公司治理准则》等有关法律法规的 规定，以及《公司章程》《薪酬与考核委员会工作细则》，特制定本制度。 第二条 本制度适用于公司董事、高级管理人员，包括：公司董事、总经 理、副总经理、财务总监（财务负责人）和董事会秘书；但不在公司领取薪酬的 董事除外。 第三条 公司应当牢固树立回报股东意识，采取措施保护投资者尤其是中 小投资者利益，诚实守信、规范运作、专注主业、稳健经营，并在此基础上做好 投资者关系管理，增强信息披露质量和透明度，必要时积极采取措施提振投资者 信心，推动公司投资价值合理反映公司质量。 第四条 公司董事、高级管理人员薪酬管理遵循以下原则： （四）坚持短期激励与长期激励相结合的原则。 （五）坚持效率优先兼顾公平的原则。 第二章 薪酬管理机构 第五 ...

重庆国际复合材料股份有限公司 2026 年公告 证券代码：301526 证券简称：国际复材 公告编号：2026-015 重庆国际复合材料股份有限公司 关于收购控股子公司股权的公告 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。 特别提示： （一）本次重庆国际复合材料股份有限公司（以下简称"公司"、"国际复 材"）收购控股子公司常州市宏发纵横新材料科技有限公司（曾用名为常州市宏 发纵横新材料科技股份有限公司，以下简称"宏发新材"、"标的公司"）少数 股东股权，不涉及合并报表范围变更，对公司本期利润不产生影响。 （二）本次交易不构成关联交易，也不属于《上市公司重大资产重组管理办 法》规定的重大资产重组事项。 （三）根据《深圳证券交易所创业板股票上市规则》及《公司章程》的规定， 本次交易已经公司第三届董事会第十四次会议审议通过，无需公司股东会审议， 云南省人民政府国有资产监督管理委员会（以下简称"云南省国资委"）已批复 同意本次股权转让的经济行为并对本次转让所涉及的标的股权的评估价值予以 备案。敬请广大投资者注意投资风险。 一、本次交易基本情况 公司与宏发新材小股东 ...

重庆国际复合材料股份有限公司 2026 年公告 证券代码：301526 证券简称：国际复材 公告编号：2026-013 重庆国际复合材料股份有限公司 重庆国际复合材料股份有限公司（以下简称"公司"）于 2025 年 3 月 26 日召开第三届董事会第七次会议、第三届监事会第五次会议，并于 2025 年 4 月 25 日召开 2024 年年度股东大会审议通过了《关于为全资、控股子公司提供 2025 年度对外担保额度预计的议案》，同意公司为合并报表范围内的子公司提供担保 额度不超过 254,000 万元人民币或等值外币，其中对资产负债率不高于 70%的子 公司担保额度为 96,000 万元，对资产负债率高于 70%的子公司担保额度为 158,000 万元。公司于 2025 年 8 月 25 日召开第三届董事会第九次会议、第三届 监事会第七次会议审议通过了《关于增加 2025 年度担保额度及担保对象的议案》， 同意公司为全资子公司珠海珠玻电子材料有限公司提供不超过人民币 50,000 万 元的担保额度，该次追加担保额度后，公司为合并报表范围内各级子公司提供担 保总额度为 304,000 万元。担保额度可在子公司之间 ...

国际复材 20260302 摘要 常规产品线转向高端细纱和超细纱，叠加丰田织机供应受限，共同推动 常规产品价格上涨。近期纱和布价格均上涨，但布端涨幅（约 0.6-0.7 元）高于纱端（约 0.4-0.5 元），公司顺势调整价格。 行业预期 2026 年 3-4 月价格"渐涨"。布端受织机供给瓶颈制约，国 产替代设备进展尚不明确。纱端虽有新增产能投放，但整体纱线产能增 长仍合理，预计纱端平稳，布端取决于织机瓶颈突破。 8.5 万吨新纱线项目年末投产，预计 3 月底达满产。虽 1-2 月成本数据 不具可比性，但前期规划显示新线成本将大幅下降。产品结构上，初期 以基础类产品为主，逐步向超细方向优化。 现有 500 多台织布机订单，预计 2026 年到货 400 多台，7 月开始每月 到货 100 多台。现有织机 1,250 台，含 100 台老机型"金田居"，无 法用于极薄布生产，后续不再新增采购。 二代布主要交付"生益"订单，2025 年底 100 万米订单已基本完成， 月出货量约 40-50 万米。与生益进行价格谈判，倾向于按市场价上调， 新订单价格约 100 元/米（含税）。 Q&A 如何看待未来一段时间普通 ...

Investment Rating - The report maintains an "Outperform" rating for the construction materials sector, indicating a positive outlook compared to the broader market [2]. Core Insights - The report highlights a recovery in the real estate sector, particularly in Shanghai, due to policy relaxations that are expected to boost the construction materials chain [6][7]. - It emphasizes the potential for a "small spring" in the market as downstream demand gradually recovers, supported by various government policies aimed at stabilizing the real estate market [6][7]. - The report identifies key companies that are likely to benefit from this recovery, including three trees and rabbit baby, while also suggesting to monitor other firms like Han Gao Group and Beixin Building Materials [6][7]. Summary by Sections Market Overview - The construction materials sector has seen a 3.3% increase, outperforming the CSI 300 index by 2.2 percentage points [15]. - Year-to-date, the sector has risen by 12.2%, exceeding the CSI 300 index by approximately 10.5 percentage points [15]. Cement Sector - Demand has not fully recovered post-holiday, with an average shipment rate of about 10% in key regions [30]. - The average price of cement is approximately 344 RMB per ton, reflecting a slight decrease of 2.6 RMB per ton compared to the previous week [22][24]. - Recommendations include Huaxin Cement and Conch Cement, with a focus on the recovery of downstream projects [30]. Glass Sector - The glass industry is experiencing significant inventory accumulation, with a total of 67.28 million heavy boxes, a 30.3% increase from the previous week [43]. - The average price of float glass has risen to 1,165 RMB per ton, with an average profit margin of -49 RMB per ton [32]. - Companies to watch include Qibin Group and Xinyi Glass, as the market anticipates a stabilization in prices [43]. Fiberglass Sector - The report notes expectations for price increases in both coarse and fine yarns as downstream demand begins to recover [44]. - The average price for fiberglass coarse yarn remains stable at 3,500 RMB per ton, with potential upward pressure due to cost increases [44]. - Key players in this sector include China Jushi, with recommendations to monitor International Composite Materials and Changhai Co., Ltd. [6][7]. Carbon Fiber Sector - Carbon fiber prices are expected to remain stable in the short term, with the rapid development of commercial aerospace potentially driving new demand [6]. - Companies to consider include Zhongfu Shenying and Guangwei Composites, as the sector looks to capitalize on emerging opportunities [6].

Market Overview - The market experienced fluctuations on February 27, with the Shanghai Composite Index rising by 0.39% to 4162.88, while the Shenzhen Component Index fell by 0.06% to 14495.09, and the ChiNext Index decreased by 1.04% to 3310.30 [2][3] - A total of 3271 stocks rose, with 91 hitting the daily limit up, while 2068 stocks declined [3] Sector Performance - The non-ferrous metals sector showed strong performance, with companies like Zhangyuan Tungsten and Xianglu Tungsten hitting the daily limit up. Tungsten raw material prices have surged, with tungsten powder exceeding 1800 yuan/kg, a 470% increase compared to early 2025 when it was around 316 yuan/kg [3][4] - The rare earth permanent magnet sector also saw gains, with companies like Zhong Rare Metals hitting the daily limit up. Prices for praseodymium and neodymium rose by 40,000 yuan/ton to 1,080,000 yuan/ton, and praseodymium neodymium oxide prices increased by 5,000 yuan/ton to 882,500 yuan/ton [4][5] Investment Insights - CITIC Securities reports that the upward momentum for non-ferrous metal prices and stock performance remains strong, supported by supply disruptions, localized high demand, and inventory accumulation. The report highlights the potential for price elasticity in metals due to increased trading activity and heightened risk aversion stemming from geopolitical conflicts [5][6] - The report also notes that since early 2026, global conflicts have heightened risk aversion, leading to significant price increases in precious metals and other non-ferrous metals, including copper, rare earths, tungsten, and natural uranium [6]

Group 1 - The core announcement is about the change in the IPO continuous supervision sponsor representative for Weili Transmission, with Xu Xingwen leaving due to work changes and Zhou Dachuan taking over the role [2] - Zhou Dachuan will work alongside Yang Xuele to fulfill the ongoing supervisory responsibilities until the end of the regulatory period [2] - This change is part of the company's compliance with regulatory requirements regarding IPO supervision [2]

Core Viewpoint - The A-share market has seen a collective rise in major indices, particularly in the fiberglass sector, driven by surging demand for electronic glass fiber due to AI applications, leading to a tightening supply situation and continuous price increases [1][4]. Group 1: Market Performance - The fiberglass sector has experienced significant gains, with an overall index increase of 8.62% in the last two trading days, and multiple stocks, such as Feilihua, reaching their daily limit up [1]. - Feilihua's stock price surged by 18.99%, while Changhai Co. and Nanbo A also saw substantial increases of 14% and 9.98%, respectively [1][3]. Group 2: Price Trends and Demand Drivers - The electronic glass fiber market is witnessing a tightening supply, with manufacturers reporting continuous price increases since the fourth quarter of last year, now implementing monthly price adjustments [1][4]. - The average selling price of electronic-grade glass fiber cloth has risen from 3.74 yuan/meter at the end of 2024 to 4.97 yuan/meter, marking a 33% increase [4]. - Factors driving the price increases include the demand for AI low-dielectric electronic cloth, strong demand from the new energy vehicle sector, and a shift in industry trends from thick to thin cloth [4][5]. Group 3: Future Outlook - Analysts are optimistic about the ongoing price increase cycle driven by supply-demand tension, with expectations of a new price increase cycle for ordinary electronic cloth starting in 2026 [5]. - Companies like Honghe Technology and Zhongcai Technology are projecting substantial profit growth for 2025, with expected increases of 745% to 889% and 73.79% to 118.64%, respectively, attributed to price hikes and product structure optimization [6].

Core Viewpoint - International Composite (301526) has shown significant stock performance with a closing price of 15.19 yuan, marking a 19.98% increase and hitting the upper limit on February 24, 2026 [1] Group 1: Stock Performance - The stock's turnover rate was 16.73%, with a trading volume of 2.3492 million shares and a total transaction value of 3.448 billion yuan on the same day [1] - The net inflow of main funds was 244 million yuan, accounting for 7.07% of the total transaction value, while retail investors experienced a net outflow of 126 million yuan, representing 3.66% of the total [1] Group 2: Financing and Margin Trading - On February 24, the financing buy amounted to 377 million yuan, with financing repayment at 319 million yuan, resulting in a net financing buy of 58.18 million yuan, accumulating a total net buy of 1.22 billion yuan over three consecutive days [2] - The margin trading balance stood at 769 million yuan, with a short selling of 10.86 thousand shares and a repayment of 1.08 thousand shares [2] Group 3: Financial Performance - For the first three quarters of 2025, the company reported a main revenue of 6.413 billion yuan, a year-on-year increase of 19.01%, and a net profit attributable to shareholders of 273 million yuan, up 273.53% year-on-year [3] - The third quarter alone saw a main revenue of 2.26 billion yuan, reflecting an 18.3% year-on-year increase, with a net profit of 41.63 million yuan, up 167.66% year-on-year [3] - The company reported a debt ratio of 57.54% and a gross profit margin of 17.67% [3]