Core Insights - Quantum precision measurement leverages the high sensitivity of quantum states to surpass classical measurement limits, with applications in communication, navigation, energy, and healthcare, showcasing advantages of "ultra-precision, high stability, and anti-interference" [1][5][6] Industry Overview - The global quantum precision measurement market is projected to grow from $1.67 billion in 2024 to approximately $2.24 billion in 2026, with a forecasted market size of $4.457 billion by 2035, reflecting a compound annual growth rate (CAGR) of 14.4% from 2024 [6] - In China, the quantum precision measurement market is expected to reach $295 million in 2024, $435 million in 2025, and $520 million in 2026, with a long-term projection of $1.053 billion by 2035 [6][7] Application Distribution - The primary applications of quantum precision measurement in China are in military defense, which holds a market share of 58.98%, followed by civilian and scientific fields, which together account for approximately 10.51% [7] Industry Chain - The upstream of the quantum precision measurement industry includes components such as lasers, low-temperature equipment, and superconducting magnets, while the midstream focuses on the production of various measurement devices, including time, inertial, magnetic, and gravity measurement equipment [8][9] Competitive Landscape - The domestic quantum precision measurement market is characterized by increasing competition, with key players including Guo Yi Quantum, Tian Ao Electronics, and others, focusing on various measurement devices such as quantum clocks and quantum gravity meters [11][12] - Guo Yi Quantum is recognized as a leading company in the sensor industry, providing enhanced quantum sensors and scientific instruments, with significant advancements in measurement sensitivity and precision [12] Development Trends - The integration of AI with quantum precision measurement is anticipated to drive technological and industry transformations, enhancing data processing and expanding application ranges [13] - Future advancements will focus on improving technology maturity and overcoming challenges related to size, power consumption, cost, and adaptability to task environments [13][14]

Meeting Overview - The first extraordinary general meeting of shareholders was held on January 26, 2026, at the company's conference room [2] - The meeting was convened by the board of directors and chaired by Mr. Feng Yong, with both on-site and online voting methods employed [2][3] - The meeting was witnessed by lawyers from Guohao Law Firm (Xi'an) [8] Voting Results - All proposed resolutions were approved without any objections [2] - Key resolutions included amendments to the company's articles of association, rules for shareholder meetings, rules for board meetings, and the 2026 annual related party transaction plan [4][5] - The proposal for the registration and issuance of technology innovation corporate bonds was also approved [5] Legal Compliance - The meeting's procedures were confirmed to comply with relevant laws and regulations, including the Company Law and Securities Law [8] - The qualifications of attendees and the convenor were deemed valid, and the voting procedures and results were confirmed as legal and effective [8]

一、 会议召开和出席情况 （一） 股东会召开的时间：2026 年 1 月 26 日 （二） 股东会召开的地点：西部超导材料科技股份有限公司 103 会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及其 持有表决权数量的情况： 证券代码：688122 证券简称：西部超导 公告编号：2026-006 西部超导材料科技股份有限公司 2026年第一次临时股东会决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次会议是否有被否决议案：无 | 1、出席会议的股东和代理人人数 | 620 | | --- | --- | | 普通股股东人数 | 620 | | 2、出席会议的股东所持有的表决权数量 | 269,398,030 | | 普通股股东所持有表决权数量 | 269,398,030 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比例（%） | 41.4672 | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 41.4672 | （四） 表决方式是否符 ...

西安市高新区锦业路绿地中心 B 座 46 层 邮编：710065 联系电话：029-8819 9711 46th Floor, B Tower, Greenland Center, Jinye Road, High-tech District, Xi'an, Shaanxi, China 国浩律师（西安）事务所 关于西部超导材料科技股份有限公司 2026 年第一次临时股东会的 法律意见书 致：西部超导材料科技股份有限公司 根据《中华人民共和国证券法》（以下简称"证券法"）《中华人民共和国 公司法》（以下简称"《公司法》"）及中国证券监督管理委员会《上市公司股 东会规则》（以下简称"《股东会规则》"）等法律、行政法规和规范性文件的 规定，国浩律师（西安）事务所（以下简称"本所"或"国浩"）接受西部超导 材料科技股份有限公司（以下简称"公司"或"西部超导"）的委托，指派律师 出席公司 2026 年第一次临时股东会（以下简称"本次股东会"），并对本次股 东会的相关事项进行见证，依法出具本法律意见书。 国浩及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则（试行）》等规 ...

Group 1 - The rare metals and nickel mining sectors experienced a significant rally, with the China Rare Metals Theme Index rising by 2.08% as of 13:20 on January 26, 2026 [1] - Prices for black tungsten concentrate increased by 11.43% to 536,000 yuan/ton, and ammonium paratungstate prices rose by 12.06% to 790,000 yuan/ton, indicating tightening supply conditions [1] - The mining quotas for nickel in Indonesia are expected to drop significantly in 2026, leading to a projected decline in nickel production to 2.6-2.7 million tons, which could create a global supply shortage of 200,000 tons and drive LME nickel prices up to $22,000/ton [1] Group 2 - The global supply of minor metals is unevenly distributed and heavily influenced by geopolitical factors, with increasing demand from high-tech industries such as AI, military, and semiconductors [2] - As of December 31, 2025, the top ten weighted stocks in the China Rare Metals Theme Index accounted for 59.54% of the index, including companies like Luoyang Molybdenum, Northern Rare Earth, and Ganfeng Lithium [2] Group 3 - The Rare Metals ETF (562800) tracks the China Rare Metals Theme Index, providing a convenient tool for investing in the rare metals sector [3] - Investors can also consider the Rare Metals ETF linked fund (014111) to explore investment opportunities in the rare metals sector [4]

Group 1 - The stock of Western Superconducting Technologies Co., Ltd. fell by 5.11% on January 26, closing at 89.42 yuan per share, with a trading volume of 1.718 billion yuan and a turnover rate of 2.91%, resulting in a total market capitalization of 58.093 billion yuan [1] - The company, established on February 28, 2003, and listed on July 22, 2019, specializes in the research, production, and sales of high-end titanium alloy materials, superconducting products, and high-performance high-temperature alloy materials [1] - The revenue composition of the company's main business includes high-end titanium alloy materials at 57.59%, superconducting products at 29.34%, high-performance high-temperature alloy materials at 9.01%, and others at 4.07% [1] Group 2 - According to data from the top ten holdings of funds, one fund under Zhuque Fund has a significant position in Western Superconducting, specifically the Zhuque Carbon Neutral Three-Year Holding Fund (015729), which held 94,600 shares, accounting for 2.63% of the fund's net value, ranking as the tenth largest holding [2] - The Zhuque Carbon Neutral Three-Year Holding Fund was established on September 7, 2022, with a current scale of 268 million yuan, and has achieved a year-to-date return of 9.18%, ranking 2563 out of 9003 in its category; over the past year, it has returned 31.76%, ranking 4249 out of 8185 [2] Group 3 - The fund manager of Zhuque Carbon Neutral Three-Year Holding Fund is Liang Yuejun, who has a tenure of 5 years and 239 days, with the fund's total asset size at 5.181 billion yuan, achieving a best return of 30.27% and a worst return of -41.55% during his tenure [3] - Co-manager Yang Xinda has a tenure of 2 years and 143 days, with the fund's total asset size at 268 million yuan, achieving a best return of 19.05% during his tenure [3]

Group 1 - The stock of Western Superconducting Technologies Co., Ltd. fell by 5.11% on January 26, closing at 89.42 CNY per share, with a trading volume of 1.719 billion CNY and a turnover rate of 2.91%, resulting in a total market capitalization of 58.093 billion CNY [1] - The company, established on February 28, 2003, and listed on July 22, 2019, specializes in the research, production, and sales of high-end titanium alloy materials, superconducting products, and high-performance high-temperature alloy materials [1] - The revenue composition of the company's main business includes high-end titanium alloy materials at 57.59%, superconducting products at 29.34%, high-performance high-temperature alloy materials at 9.01%, and others at 4.07% [1] Group 2 - One fund under AVIC Fund has a significant holding in Western Superconducting, specifically the AVIC Huazheng Commercial Aircraft High-end Manufacturing Industry Index Fund A (017651), which increased its holdings by 310 shares in the fourth quarter, totaling 24,800 shares, representing 4.02% of the fund's net value [2] - The fund was established on March 7, 2023, with a latest scale of 22.7627 million CNY, achieving a year-to-date return of 14.76% and a one-year return of 36.71% [2] - The fund manager, Long Chuan, has a tenure of 10 years and 261 days, with a total fund asset size of 166 million CNY, achieving a best return of 45.07% and a worst return of -92.81% during his tenure [3]

Group 1 - The core viewpoint of the news highlights the strong performance of rare metal ETFs and the significant price increases in tungsten and lithium, driven by supply constraints and rising demand [1][2][3] Group 2 - As of January 26, 2026, the CSI Rare Metals Theme Index (930632) rose by 3.18%, with key stocks such as Vanadium Titanium Co. increasing by 10.13% and China Tungsten High-tech by 8.98% [1] - The top ten weighted stocks in the CSI Rare Metals Theme Index accounted for 59.54% of the index as of December 31, 2025, including companies like Luoyang Molybdenum and Northern Rare Earth [1] - The rare metal ETF fund (561800) reached a new high of 229 million yuan as of January 23, 2026, with a net inflow of 18.92 million yuan over the past ten trading days [1] Group 3 - The tungsten market is experiencing significant supply-demand imbalances, with black tungsten concentrate prices rising by 11.43% to 536,000 yuan/ton and ammonium paratungstate increasing by 12.06% to 790,000 yuan/ton [2] - Supply constraints are due to reduced domestic mining quotas and production slowdowns, while demand is bolstered by seasonal restocking ahead of the Spring Festival [2] - Lithium carbonate prices are expected to continue rising, supported by supply disruptions and a decrease in weekly production by 1.72% in January [2] Group 4 - The rare metal ETF fund (561800) tracks the CS Rare Metals Index, which has one of the highest energy metal contents, particularly lithium and cobalt, indicating potential for continued benefits [3]

（ITU）对于卫星轨道和频段资源的申请使用有着严格的时间表，而当前我国两大星座卫星部署数量的 完成度仅约1%。未来几年我国将逐步掌握火箭回收+多次复飞技术，国内商业卫星发射有望迎来高速增 长。 通用航空ETF基金紧密跟踪中证通用航空主题指数，中证通用航空主题指数选取50只业务涉及航空材料 及零部件、通航飞行器制造、通航基础设施、通航运营与保障、通航应用等通用航空相关领域的上市公 司证券作为指数样本，反映通用航空主题相关上市公司证券的整体表现。 数据显示，截至2025年12月31日，中证通用航空主题指数(931855)前十大权重股分别为航天电子、海格 通信、中国卫通、中科星图、北斗星通、华测导航、航天彩虹、雷科防务、华力创通、西部超导，前十 大权重股合计占比43.4%。 风险提示：基金有风险，投资需谨慎。基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资 产，但不保证本基金一定盈利，也不保证最低收益。基金管理人提醒投资人基金投资的"买者自负"原 则，在做出投资决策后，基金运营状况与基金净值变化引致的投资风险，由投资人自行负担。基金的过 往业绩及其净值高低并不预示其未来业绩表现，基金管理人管理的其他基金的业 ...

Summary of the Conference Call for Western Superconducting Technologies Co., Ltd. Industry Overview - The titanium alloy demand in the aerospace sector is experiencing multi-directional growth, driven by upgrades in military and civilian aircraft. Over the next decade, the average annual demand for titanium materials from military aircraft and domestic large aircraft is expected to be nearly 20,000 tons, with total annual demand exceeding 30,000 tons when including aerospace engines, providing growth momentum for Western Superconducting's titanium alloy business [2][4][5]. - Emerging applications for titanium alloys, such as underwater unmanned equipment, are also driving demand growth, supported by the development of the deep-sea economy and military underwater defense systems [2][6]. Key Business Segments Titanium Alloys - Titanium alloys are the fastest-growing segment for Western Superconducting during the 14th Five-Year Plan period and are currently the main source of revenue and profit for the company [3]. - The demand for titanium alloys in military aircraft is significant, with examples like the F22 and F35 fighter jets using over 30% and 20% titanium alloys, respectively. The overall annual demand for titanium alloys, including aerospace engines, is projected to be around 30,000 tons [4][5]. High-Temperature Alloys - High-temperature alloys are primarily used in aerospace engines and gas turbines, with a promising demand outlook. The average annual demand for military aerospace engines is expected to be close to 20 billion RMB, while the commercial aerospace engine market in China is projected to have an annual demand of about 25 billion RMB [2][10]. - The gas turbine sector is expected to see an additional demand of approximately 90 billion RMB for high-temperature alloys from 2024 to 2027, driven by new technologies such as AI [11]. Production Capacity and Financials - Western Superconducting has a theoretical production capacity of 6,000 tons for high-temperature alloys, but the actual utilization rate is still in the ramp-up phase, with an expected output of 2,000 tons by 2025 [12][13]. - The current gross margin for the high-temperature alloy business is 22%, with significant room for improvement as production scales up and market demand increases [13]. Superconducting Materials - Superconducting materials are a core business for Western Superconducting, with strong growth potential in medical devices and nuclear fusion applications. The demand for superconducting wires in MRI devices is increasing, and the company has become a key global supplier [14]. - In the nuclear fusion sector, superconducting magnet systems are crucial, and the company is well-positioned to capitalize on this emerging market [14][18]. Emerging Technologies and Applications - The company is actively involved in the development of both low-temperature and high-temperature superconducting materials, with a focus on combining these technologies for enhanced performance in nuclear fusion applications [15][17]. - Western Superconducting has established partnerships with major medical device manufacturers and is also exploring opportunities in semiconductor and photovoltaic sectors, indicating a diversified growth strategy [19]. Conclusion - Overall, Western Superconducting is positioned to leverage its technological and production advantages in both titanium and high-temperature alloy markets, while also expanding its footprint in superconducting materials and emerging applications, ensuring a robust growth trajectory in the coming years [2][7][14].