江苏鼎胜新能源材料股份有限公司 董事和高级管理人员行为准则 第一章 总 则 第一条 第一条 为了规范公司董事和高级管理人员的行为，完善公司治理， 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易所股 票上市规则》（以下简称《股票上市规则》）、《上海证券交易所上市公司自律 监管指引第1号——规范运作》等法律法规和《江苏鼎胜新能源材料股份有限公 司章程》（以下简称《公司章程》）的相关规定，制定本准则。 第二条 公司董事和高级管理人员应当遵守并保证公司遵守法律法规、证券 交易所相关规定和《公司章程》，忠实、勤勉履职，严格履行其作出的各项声明 和承诺，切实履行报告和信息披露义务，维护公司和全体股东利益，并积极配合 证券交易所的日常监管。 第二章 董事和高级管理人员的忠实和勤勉义务 第三条 公司董事对公司负有忠实义务，应当采取措施避免自身利益与公司 利益冲突，不得利用职权牟取不正当利益。公司董事对公司负有勤勉义务，执行 职务应当为公司的最大利益尽到管理者通常应有的合理注意。 公司董事应当履行以下忠实义务和勤勉义务： （一）公平对待所有股东； （二）保护公司资产的安全、完整，不得利用职务之便为公司实际控 ...

Group 1 - The core viewpoint of the news is that Qianghuang Technology is preparing for an IPO scheduled for December 9, 2024, with the guidance period set for the second quarter of 2024 [2] - Qianghuang Technology specializes in the research, production, and sales of various coated aluminum plates, aluminum single boards, aluminum-plastic composite boards, and decorative energy-saving composite boards [2] - In the first half of 2025, the company reported revenue of 731 million yuan, a year-on-year decline of 9.71%, while the net profit attributable to shareholders was 27.62 million yuan, an increase of 30.89% year-on-year [2] Group 2 - Fang Chaoyang indirectly controls 81.25% of the company's shares through Jinggong Group and Anhui Jinggong, making him the actual controller of Qianghuang Technology [2] - Fang Chaoyang, born in September 1967, holds a master's degree and has held multiple leadership positions, including Chairman of Jinggong Holding Group and Chairman of Zhongjianxin Group since 2003 [2][4] - He also serves in various roles, including Vice Chairman of the Shanghai Zhejiang Chamber of Commerce and Vice Chairman of the Zhejiang Youth Development Foundation [4]

Financial Performance - The company achieved a revenue of 28.803 billion CNY in the first half of 2025, representing a year-on-year increase of 16.05% [2] - The net profit attributable to shareholders reached 251 million CNY, a significant growth of 48.83% compared to the previous year [2] - Revenue from copper-based materials continued to grow, reaching 28.145 billion CNY, up 17% year-on-year, with a net profit of 184 million CNY, marking a 96% increase [5] Production and Sales Growth - The company effectively released production capacity, leading to an increase in sales volume across major products: - Copper strip products: 179,900 tons, up 8.36% [3] - Copper conductor products: 229,400 tons, up 14.53% [3] - Copper alloy products: 31,000 tons, up 7.62% [3] Product Development and Market Expansion - Continuous investment in product research and technological upgrades has enhanced product quality and added value, improving market competitiveness [3] - The company has expanded its copper-based materials into emerging fields, including: - Supply of copper conductors to major companies in robotics and electronics [4] - Development of precision copper strips for 5G communications and smart interconnects [4] - New copper conductor products for marine engineering applications [4] Capacity Planning and Future Projects - Upcoming projects include: - Annual production of 50,000 tons of high-precision copper alloy strip and 60,000 tons of copper alloy rolling products, expected to enhance high-end product supply [5] - Projects for 20,000 tons of ultra-fine copper conductors for AI and robotics, and 40,000 tons of high-performance aluminum conductors [5] Subsidiary Developments - Jiangsu Tian Niao has made significant progress in military and civilian applications, including: - Production of carbon brake preforms for aircraft and high-speed trains [6] - Development of advanced materials for aerospace applications [6] - Tian Niao's production capacity has increased significantly, with plans for new production lines to alleviate current capacity pressures [6] Overall Strategic Focus - The company aims to strengthen its core product technology barriers while focusing on high-end equipment manufacturing and new material development as key growth areas during the 14th Five-Year Plan [7]

Core Points - On August 28, Xianglou New Materials experienced a decline of 3.17% with a trading volume of 344 million yuan [1] - The company reported a financing buy-in amount of 54.19 million yuan and a net financing buy of 21.43 million yuan on the same day [1] - As of August 28, the total financing and securities lending balance for Xianglou New Materials was 321 million yuan, which is 4.41% of its circulating market value [1] Financing Summary - On August 28, the financing buy-in for Xianglou New Materials was 54.19 million yuan, with a current financing balance of 321 million yuan, exceeding the 70th percentile level over the past year [1] - The company had no securities lending transactions on August 28, with a securities lending balance of 0.00 shares, also exceeding the 60th percentile level over the past year [1] Company Overview - Xianglou New Materials, established on December 8, 2005, and listed on June 6, 2022, is located in Suzhou, Jiangsu Province, specializing in the R&D, production, and sales of customized precision stamping special steel materials [1] - As of June 30, the number of shareholders for Xianglou New Materials was 11,900, an increase of 45.91% from the previous period, while the average circulating shares per person decreased by 17.13% [1] Financial Performance - For the first half of 2025, Xianglou New Materials reported a revenue of 693 million yuan, a year-on-year decrease of 2.03%, while the net profit attributable to shareholders increased by 8.73% to 102 million yuan [1] - The company has distributed a total of 256 million yuan in dividends since its A-share listing [2] Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders, Penghua Carbon Neutral Theme Mixed A held 3.51 million shares, a decrease of 349,200 shares from the previous period [2] - Guotai Valuation Advantage Mixed (LOF) A increased its holdings to 1.54 million shares, while Fuguo Tianrui Strong Area Selected Mixed A entered the top ten shareholders with 765,600 shares [2]

Group 1 - The core viewpoint of the news is that Longxi Co., Ltd. has shown significant stock performance with a year-to-date increase of 152.76%, despite a slight decline in the last five trading days [1] - As of August 29, the stock price reached 24.72 yuan per share, with a market capitalization of 9.877 billion yuan [1] - The company has experienced a net inflow of main funds amounting to 6.6445 million yuan, with large orders contributing significantly to the trading volume [1] Group 2 - Longxi Co., Ltd. specializes in the research, production, and sales of various types of bearings and gearboxes, with bearing products accounting for 50.87% of its main business revenue [2] - The company reported a revenue of 745 million yuan for the first half of 2025, a year-on-year decrease of 18.57%, while the net profit attributable to shareholders increased by 0.61% to 64.76 million yuan [2] - As of June 30, 2025, the number of shareholders increased by 67.83% to 58,000, with a decrease in the average circulating shares per person by 40.41% [2] Group 3 - Longxi Co., Ltd. has distributed a total of 858 million yuan in dividends since its A-share listing, with 90.7 million yuan distributed in the last three years [3] - The top ten circulating shareholders include new entrants such as Yongying Advanced Manufacturing and Penghua Carbon Neutrality Theme, indicating a shift in institutional holdings [3] - The company has seen a reduction in holdings from some previous major shareholders, reflecting changes in investor sentiment [3]

Core Viewpoint - Lida New Materials (603937) reported an increase in revenue but a significant decline in profit for the first half of 2025, indicating potential operational challenges ahead [1][2]. Financial Performance - The total operating revenue reached 872 million yuan, a year-on-year increase of 24.66% [1]. - The net profit attributable to shareholders was -23.79 million yuan, a year-on-year decrease of 339.4% [1]. - In Q2, the operating revenue was 461 million yuan, up 18.01% year-on-year, while the net profit was -11.54 million yuan, down 231.4% year-on-year [1]. Profitability Metrics - Gross margin stood at 4.2%, a decrease of 40.34% year-on-year [1]. - Net margin was -2.73%, down 292.05% year-on-year [1]. - Total selling, administrative, and financial expenses amounted to 27.22 million yuan, accounting for 3.12% of revenue, a decrease of 2.6% year-on-year [1]. Cash Flow and Financial Health - Earnings per share were -0.11 yuan, a decrease of 320.0% year-on-year [1]. - Operating cash flow per share was 0.02 yuan, an increase of 103.35% year-on-year [1]. - The company's cash flow situation is concerning, with cash and cash equivalents to current liabilities at only 30.97% and a negative average operating cash flow over the past three years [2]. Historical Performance - The company's historical return on invested capital (ROIC) median since listing is 8.18%, with the worst year being 2024 at -1.49% [2]. - The company has reported a net loss in one of the seven annual reports since its listing, indicating potential underlying issues [2].

Core Viewpoint - The actual controller of Zhonghuan Hailu is planning a change in control, which may lead to a change in the company's controlling shareholder and actual controller. The company's stock has surged nearly 220% this year [1][4]. Group 1: Stock Performance - Zhonghuan Hailu's stock price has increased by 219.61% year-to-date, with a notable rise of 12.66% on August 28 [2][4]. - The company's latest market capitalization is 4 billion yuan [4]. Group 2: Control Change Announcement - On August 28, Zhonghuan Hailu announced that its controlling shareholder and actual controller, Wu Jun San, is planning a change in control, which may result in a change of the controlling shareholder [4]. - The stock and convertible bonds of Zhonghuan Hailu will be suspended from trading starting August 29, with the suspension expected to last no more than two trading days [4]. Group 3: Financial Performance - Zhonghuan Hailu has faced continuous operating losses, with projected revenues of 625 million yuan and 579 million yuan for 2023 and 2024, respectively, reflecting declines of 40.04% and 7.36% year-on-year [6]. - The company reported a net loss attributable to shareholders of 32.19 million yuan and 154 million yuan for 2023 and 2024, respectively, marking two consecutive years of losses [6]. - In the first half of 2025, the company achieved a revenue of 358 million yuan, a year-on-year increase of 25.27%, but still reported a net loss of 42.49 million yuan [6]. Group 4: Regulatory Issues - The Jiangsu Securities Regulatory Bureau indicated that Wu Jun San failed to timely inform Zhonghuan Hailu about the signing of a share transfer agreement with Beijing Huatai Yu Technology Center, violating disclosure regulations [7].

Group 1 - The actual controller of Zhonghuan Hailu, Wu Jun San, is planning a change in the company's control, which may lead to a change in the controlling shareholder and actual controller [2][4] - The company's stock has surged approximately 219.61% this year, with a notable increase of 12.66% on August 28 [2][7] - The stock and convertible bonds of Zhonghuan Hailu will be suspended from trading starting August 29, with the suspension expected to last no more than two trading days [7] Group 2 - Zhonghuan Hailu has been experiencing continuous operating losses, with projected revenues of 625 million yuan and 579 million yuan for 2023 and 2024, respectively, reflecting year-on-year declines of 40.04% and 7.36% [8] - The company reported a net profit attributable to shareholders of -32.19 million yuan and -154 million yuan for 2023 and 2024, indicating two consecutive years of losses [8] - In the first half of 2025, the company achieved a revenue of 358 million yuan, a year-on-year increase of 25.27%, but still reported a net loss of -42.49 million yuan [8] Group 3 - Wu Jun San signed a cooperation framework agreement with Beijing Huatai Yu Technology Center on March 29, 2023, and a share transfer agreement on April 4, 2023, regarding the transfer of shares and control of Zhonghuan Hailu [10] - The Jiangsu Securities Regulatory Bureau found that Wu Jun San failed to timely inform Zhonghuan Hailu about the share transfer agreement, violating disclosure regulations [10]

Core Viewpoint - The actual controller of Zhonghuan Hailu is planning a change in control, which may lead to a shift in the company's controlling shareholder and actual controller. The company's stock has surged nearly 220% this year [2][6]. Group 1: Stock Performance - Zhonghuan Hailu's stock price has increased by 219.61% year-to-date, with a notable rise of 12.66% on August 28 [3][9]. - The company's total market capitalization is currently 4 billion yuan [9]. Group 2: Control Change Announcement - On August 28, Zhonghuan Hailu announced that its controlling shareholder and actual controller, Wu Jun San, is in the process of planning a change in control, which may result in a change of the controlling shareholder [6][9]. - As of June 30, Wu Jun San holds 22.57% of the company's shares, while his son, Wu Jian, holds 6.99%, totaling 29.56% combined [9]. Group 3: Financial Performance - The company has faced continuous operating losses, with projected revenues of 625 million yuan and 579 million yuan for 2023 and 2024, respectively, reflecting year-on-year declines of 40.04% and 7.36% [11]. - The latest half-year report indicates that for the first half of 2025, the company achieved revenues of 358 million yuan, a year-on-year increase of 25.27%, but still reported a net loss of 42.49 million yuan [11]. Group 4: Regulatory Issues - In April 2023, the Jiangsu Securities Regulatory Bureau disclosed that Wu Jun San failed to timely inform Zhonghuan Hailu about a share transfer agreement with Beijing Huatai Yu Technology Center, violating disclosure regulations [13].

证券日报网讯 8月28日晚间，和胜股份发布公告称，2025年半年度公司实现营业收入1，646，003， 259.11元，同比增长17.09%；归属于上市公司股东的净利润为43，523，081.74元，同比增长45.72%。 （编辑 何成浩） ...