证券简称：永兴材料 证券代码：002756 永兴特种材料科技股份有限公司 2025 年员工持股计划 （草案）摘要 二〇二五年五月 永兴特种材料科技股份有限公司 2025 年员工持股计划（草案）摘要 声明 本公司及董事会全体成员保证本员工持股计划的内容真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏。 2 永兴特种材料科技股份有限公司 2025 年员工持股计划（草案）摘要 一、本员工持股计划须经公司股东大会批准后方可实施，后续能否获得公司 股东大会批准尚存在不确定性； 二、有关本员工持股计划的资金来源、出资比例、实施方案等属初步方案， 本员工持股计划能否完成实施，存在不确定性； 三、员工遵循依法合规、自愿参与、风险自担的原则参与本员工持股计划， 若员工认购金额较低时，本员工持股计划存在低于预计规模的风险； 四、公司后续将根据规定披露相关进展情况，敬请广大投资者谨慎决策，注 意投资风险。 3 永兴特种材料科技股份有限公司 2025 年员工持股计划（草案）摘要 特别提示 本部分内容中的词语简称与"释义"部分保持一致。 一、《永兴特种材料科技股份有限公司2025年员工持股计划（草案）》系公 司依据《中华人民共 ...

证券简称：永兴材料 证券代码：002756 永兴特种材料科技股份有限公司 2025 年员工持股计划 （草案） 二〇二五年五月 永兴特种材料科技股份有限公司 2025 年员工持股计划（草案） 声明 3 永兴特种材料科技股份有限公司 2025 年员工持股计划（草案） 特别提示 本公司及董事会全体成员保证本员工持股计划的内容真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏。 2 永兴特种材料科技股份有限公司 2025 年员工持股计划（草案） 风险提示 一、本员工持股计划须经公司股东大会批准后方可实施，后续能否获得公司 股东大会批准尚存在不确定性； 二、有关本员工持股计划的资金来源、出资比例、实施方案等属初步方案， 本员工持股计划能否完成实施，存在不确定性； 三、员工遵循依法合规、自愿参与、风险自担的原则参与本员工持股计划， 若员工认购金额较低时，本员工持股计划存在低于预计规模的风险； 四、公司后续将根据规定披露相关进展情况，敬请广大投资者谨慎决策，注 意投资风险。 本部分内容中的词语简称与"释义"部分保持一致。 一、《永兴特种材料科技股份有限公司2025年员工持股计划（草案）》系公 司依据《中华人民共和国公 ...

证券简称：永兴材料 证券代码：002756 上海荣正企业咨询服务（集团）股份有限公司 关于 永兴特种材料科技股份有限公司 2025年员工持股计划（草案） 之 独立财务顾问报告 2025 年 5 月 | 一、释义 3 | | --- | | 二、声明 4 | | 三、基本假设 5 | | 四、本持股计划的主要内容 6 | | 五、独立财务顾问对本持股计划的核查意见 26 | | 六、结论 30 | | 七、提请投资者注意的事项 30 | | 八、备查文件及咨询方式 30 | 一、释义 本独立财务顾问报告中，除非文义载明，下列简称具有如下含义： | 简 称 | | 释义 | | --- | --- | --- | | 永兴材料、公司、本公司 | 指 | 永兴特种材料科技股份有限公司（含合并报表子公司） | | 本计划、员工持股计划、本员 工持股计划 | 指 | 永兴特种材料科技股份有限公司 2025 年员工持股计划 | | 本计划草案、员工持股计划草 | 指 | 《永兴特种材料科技股份有限公司 2025 年员工持股计划 | | 案、本员工持股计划草案 | | （草案）》 | | 持有人 | 指 | 出资参加本员工 ...

永兴特种材料科技股份有限公司董事会 永兴特种材料科技股份有限公司（以下简称"公司"）根据《中华人民共和国公 司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 《关于上市公司实施员工持股计划试点的指导意见》（以下简称"《指导意见》"）、《深 圳证券交易所上市公司自律监管指引第 1 号—主板上市公司规范运作》（以下简称"《自 律监管指引第 1 号》"）等有关法律、行政法规、规范性文件和《永兴特种材料科技股 份有限公司章程》（以下简称"《公司章程》"）的要求及规定，制订了《永兴特种材料 科技股份有限公司 2025 年员工持股计划（草案）》（以下简称"本次员工持股计划"）， 现对本次员工持股计划是否符合《指导意见》《自律监管指引第 1 号》等的相关规定 说明如下： （3）公司审议本次员工持股计划相关议案的决策程序合法、有效，不存在损害 公司及全体股东利益的情形，亦不存在摊派、强行分配等方式强制员工参与本次员工 持股计划的情形，关联董事已根据《公司法》《证券法》《指导意见》等法律、法规和 规范性文件及《公司章程》中的有关规定对相关议案回避表决，由非关联董事审议表 决； （4）本员工 ...

证券代码：002756 证券简称：永兴材料 公告编号：2025-026 号 永兴特种材料科技股份有限公司 关于召开2025年第一次临时股东大会通知的公告 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。 永兴特种材料科技股份有限公司（以下简称"公司"）第六届董事会第十六次临时 会议决议，兹定于 2025 年 5 月 30 日 14:00 在公司一楼会议室召开公司 2025 年第一次 临时股东大会，现将本次股东大会的有关事项通知如下： 一、召开会议基本情况 （一）股东大会届次：2025 年第一次临时股东大会 （二）会议召集人：公司董事会 （三）会议召开的合法、合规性：本次股东大会会议召开符合有关法律、行政法规、 部门规章、规范性文件和《公司章程》的相关规定。 （四）会议召开的日期、时间： 现场会议时间为：2025 年 5 月 30 日 14:00 网络投票时间为：2025 年 5 月 30 日 1、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 5 月 30 日 上午 9:15 至 9:25，9:30 至 11:30，下午 13:00 至 15: ...

证券代码：002756 证券简称：永兴材料 公告编号：2025-025 号 1 回避表决。上述 3 名关联监事回避表决后，非关联监事人数不足监事会人数的半数， 监事会无法对本议案形成决议。因此，监事会决定将本议案直接提交公司 2025 年第一 次临时股东大会审议。 《2025 年员工持股计划（草案）》及其摘要与本决议公告同日刊登于《证券时报》 《上海证券报》和巨潮资讯网（http://www.cninfo.com.cn），供投资者查阅。 永兴特种材料科技股份有限公司 第六届监事会第十一次临时会议决议公告 本公司及监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。 永兴特种材料科技股份有限公司（以下简称"公司"）于 2025 年 5 月 14 日以通 讯表决方式召开公司第六届监事会第十一次临时会议，根据公司《监事会议事规则》 第七条中关于"情况紧急,需要尽快召开监事会临时会议的,可以随时通过口头或者电 话等方式发出会议通知,但召集人应当在会议上作出说明"的规定，公司于 2025 年 5 月13日以书面送达及电子邮件等方式向公司全体监事发出了召开公司第六届监事会第 十一次临时 ...

Group 1: Investment Recommendations - The report suggests focusing on Honglu Steel Structure due to improved foreign trade environment and expected demand recovery, along with smart upgrades enhancing production and profitability [2] - China Jushi is highlighted for its large fiberglass export scale, while Puyang Refractories is noted for its new active magnesium oxide products replacing imports [2] - Hainan Huatie is recommended due to the implementation of computing power contracts and state-owned enterprise support, and Beixin Building Materials is favored for real estate chain recovery and diversified business development [2] - China Chemical is recognized for its good cash flow and rising chemical product prices, while China State Construction is recommended for real estate chain recovery and debt reduction efforts [2] Group 2: Metal Prices and Market Trends - Tungsten prices have reached a nearly 10-month high, and the price of praseodymium and neodymium oxide has increased for two consecutive weeks, indicating a potential demand surge in 2025 [3] - Lithium prices have dropped below 80,000 yuan per ton, with a possibility of accelerated capacity exit; companies with cost advantages and resource expansion are recommended, including Salt Lake Industry and Tianqi Lithium [3] - The Democratic Republic of Congo's decision to suspend cobalt exports for four months may alleviate global cobalt market oversupply, with Huayou Cobalt being a key focus [3] - The suspension of the Bisie tin mine is expected to support tin price increases, with recommendations for Tin Industry Co., Xingye Silver Tin, and Huaxi Nonferrous [3] Group 3: Chemical and Agricultural Sector Insights - The report maintains a positive outlook on low-valuation, high-dividend, and well-performing "three major oil companies" and oil service sectors, recommending China National Petroleum, Sinopec, and CNOOC [4] - It also highlights the potential benefits for domestic semiconductor and panel material companies under the trend of domestic substitution, suggesting companies like Jingrui Electric Materials and Tongcheng New Materials [4] - The agricultural chemicals and private refining sectors are viewed positively, with recommendations for Wanhua Chemical and Hualu Hengsheng [4] - The vitamin and methionine sectors are also favored, with suggestions for Andisou and Zhejiang Medicine [4] Group 4: Company-Specific Analysis - China Unicom is positioned as a digital information service leader, with its cloud business expected to become a second growth curve, supported by a stable dividend yield averaging over 6% over the past five years [5] - The company is noted for its competitive edge in data center resources as a state-owned enterprise, leading to a "buy" rating [5] - Q Technology's camera module business is highlighted for continuous product structure optimization, with an upward revision of net profit forecasts for 2025 and 2026, maintaining a "buy" rating [7]

Investment Rating - The report maintains an "Accumulate" rating for the non-ferrous metal sector [5] Core Views - The report highlights the continuous increase in the price of praseodymium and neodymium oxide, suggesting a positive outlook for demand in 2025. It recommends focusing on companies with cost advantages and expansion potential in the lithium mining sector, as well as those in the cobalt market due to supply adjustments [4][26] Summary by Sections Non-Ferrous Metals - Cobalt prices remain stable at 240,000 CNY/ton with a week-on-week change of 0% [10] - The price of carbon fiber is 83.8 CNY/kg, also unchanged, with a gross profit of -18.31 CNY/kg [24] - The price of lithium carbonate has decreased to 69,100 USD/ton, reflecting a 2.33% decline [26] New Energy Vehicle Materials - The price of praseodymium and neodymium oxide has risen to 423.30 CNY/kg, marking a 3.0% increase [26] - Lithium hydroxide prices are reported at 67,000 CNY/ton, down by 1.0% [31] - The report notes a significant increase in new energy vehicle production, with March 2025 figures showing 1.277 million units produced, a 43.9% month-on-month increase [27] Photovoltaic Materials - The price of photovoltaic-grade polysilicon has decreased to 4.34 USD/kg, down 1.1% [2] - EVA prices are reported at 11,250 CNY/ton, a decrease of 0.9% [2] Nuclear Power Materials - Uranium prices have dropped to 51.83 USD/lb, reflecting a 4.6% decrease [2] Consumer Electronics Materials - The price of indium has decreased, with rough indium priced at 24.25 CNY/kg, down 4.0% [3] - The price of silicon carbide remains stable at 5,600 CNY/ton [3] Recommendations - The report suggests focusing on companies in the non-ferrous metal sector, particularly those involved in rare earths and lithium mining, as well as cobalt and tin producers due to expected price increases [4]

Summary of Conference Call Records Industry or Company Involved - **Macro Economy**: Focus on consumption and infrastructure performance - **Overseas Technology**: Google, Trump administration, Apple - **Medical Devices**: Domestic market recovery and international expansion Key Points and Arguments Macro Economy - Consumption and infrastructure show resilience, while real estate, exports, and production face pressure [1][2] - Strong performance in automotive consumption; infrastructure investment is accelerating [1][2] - Real estate market remains under pressure; port operations for imports and exports are slowing down [1][2] - Overall production indicators in sectors like power generation, steel, petrochemicals, and automotive are declining [2] Overseas Technology - Google released Gemini 2.5 Pro, enhancing front-end development and complex programming capabilities [4] - The model allows users to create interactive web applications with simple prompts, significantly lowering entry barriers for developers [4] - Trump administration plans to revoke Biden-era AI chip export restrictions, aiming to simplify regulations and boost innovation [5] - Apple is considering integrating AI search features into its Safari browser, potentially ending its long-standing partnership with Google [6] Medical Devices - The domestic medical device market is expected to face pressure in 2024 due to centralized procurement and bidding rhythms, but international expansion remains positive [7][8] - Domestic market revenue growth for medical devices is projected to be flat or negative in the short term, with a gradual recovery expected as inventory is digested [8] - Key players in the medical device sector include Huatai Medical, Aibo Medical, and others, focusing on domestic replacement and international breakthroughs [7][8] Medical Consumables - Overall performance remains stable, with some high-value consumables experiencing a slowdown due to industry restructuring and price adjustments [9] - The electrophysiology sector is expected to maintain rapid growth due to increased domestic penetration and international market expansion [9] In Vitro Diagnostics (IVD) - The domestic IVD market is under short-term pressure, with revenue growth projected to be negative in the coming quarters [10] - The overseas market is becoming a significant growth point for IVD companies, with expectations for continued expansion [11] Steel Industry - Steel demand has decreased, with inventory levels rising; however, a recovery is anticipated post-holiday [22][24] - The industry is expected to stabilize as real estate demand declines and infrastructure investment continues [24] - Recommendations include leading steel companies like Baosteel and Hualing Steel, which are expected to benefit from industry consolidation and high-quality development [21][24] Other Important but Possibly Overlooked Content - Risks include uncertainties in trade relations, domestic growth policies not meeting expectations, and geopolitical risks affecting the technology sector [2][5][6] - The overall market sentiment is cautious, with a focus on innovation and adaptation in response to regulatory changes and competitive pressures [5][6][9] - The medical device sector is seeing a shift towards domestic production and international market penetration, with significant growth potential in high-end equipment and diagnostics [7][8]