Core Viewpoint - The company, Anhui Chuangjiang Technology New Materials Co., Ltd., has approved a change in registered capital and amendments to its articles of association during its board meeting and subsequent shareholder meeting [1]. Group 1: Company Changes - The registered capital has been reduced from 1,508,548,229 yuan to 1,324,246,265 yuan [1]. - Other business registration items in the company's business license have not changed apart from the registered capital [1]. Group 2: Business Operations - The company is involved in various sectors including the research, production, and sales of thermal equipment, carbon composite materials, powder metallurgy materials, lithium battery anode materials, and 3D printing materials [1]. - The company also engages in technology consulting, research and development, and import-export activities related to its business [1].

Macro - In June 2025, China's export growth rate rose to 5.8%, driven by resilience in non-U.S. exports and "export grabbing" strategies towards the U.S. [4] - Looking ahead, the postponement of tariff deadlines to August 1 may sustain demand for Chinese exports, although global trade volumes are expected to decline if tariff policies are fully implemented [4] - Overall, China's exports may face slight pressure in the second half of the year, primarily due to a decline in global trade volumes rather than direct exports to the U.S. [4] Banking - In June 2025, loan issuance surged, with a slight year-on-year decrease in RMB loans for the first half of the year; corporate loans played a stabilizing role while retail credit showed seasonal growth [5] - New social financing reached 4.2 trillion yuan, with a growth rate of 8.9%, up 0.2 percentage points from the end of May [5] - M1 and M2 growth rates were revised upward, with the M2-M1 gap narrowing, indicating potential for continued positive performance in the banking sector [5] Materials - The price of polysilicon has increased for the first time in three months, while the price of praseodymium and neodymium oxide reached a 19-month high, indicating a positive outlook for the metal new materials sector [6] - Lithium prices have dropped to around 60,000 yuan per ton, with potential for accelerated capacity clearance; companies with cost advantages and resource expansion in the lithium sector are recommended for attention [6] - The extension of the cobalt export ban from the Democratic Republic of Congo by three months highlights ongoing strategic value in rare earth materials [6] Energy - Gansu Province has released a draft notice on establishing a capacity price mechanism for power generation, which is expected to benefit thermal power across the country, especially in regions with high wind and solar capacity [7] Company Updates - Chengzhi Shareholding (000990.SZ) anticipates a significant decline in net profit for H1 2025, projecting a net profit of 15 million to 22 million yuan, down 88.24% to 91.98% year-on-year [8] - Aohua Endoscopy (688212.SH) has received domestic certification for its new generation 4K ultra-high-definition endoscope system AQ-400 series, which is expected to drive growth upon market launch [9] - Yiling Pharmaceutical (002603.SZ) has received approval for its Qifang Nasal Tablets in Macau, marking a significant achievement in its R&D efforts, with expectations for improved performance throughout 2025 [10]

Group 1: Military Industry New Materials - The price of electrolytic cobalt this week is 248,000 CNY/ton, down 0.8% week-on-week. The price ratio of electrolytic cobalt to cobalt powder is 0.92, down 1.2% week-on-week; the price ratio of electrolytic cobalt to cobalt sulfate is 4.89, down 2.7% week-on-week [3] - The price of carbon fiber this week is 83.8 CNY/kg, unchanged week-on-week, with a gross profit of 8.41 CNY/kg [3] - The price of beryllium remains stable this week [3] Group 2: New Energy Vehicle Materials - The price of Li2O 5% lithium concentrate at China's port is 590 USD/ton, up 1.29% week-on-week [4] - The prices of battery-grade lithium hydroxide, electric carbon, and industrial carbon are 62,900 CNY/ton, 61,300 CNY/ton, and 57,400 CNY/ton, respectively, with changes of +2.2%, +2.17%, and -0.4% week-on-week [4] - The price of cobalt sulfate this week is 49,300 CNY/ton, up 0.82% week-on-week [4] - The prices of lithium iron phosphate and 523-type cathode materials are 30,500 CNY/ton and 106,300 CNY/ton, respectively, with changes of 0% and +0.7% week-on-week [4] - The price of neodymium oxide is 456.24 CNY/kg, up 2.3% week-on-week [4] Group 3: Photovoltaic New Materials - The price of photovoltaic-grade polysilicon is 4.94 USD/kg, up 17.1% week-on-week [5] - The price of EVA is 10,350 CNY/ton, down 0.5%, remaining at a high level since 2013 [5] - The price of 3.2mm photovoltaic glass coating is 24.0 CNY/sqm, unchanged week-on-week [5] Group 4: Nuclear Power New Materials - The prices of zirconium-related materials are as follows: oxychloride zirconium at 14,750 CNY/ton, sponge zirconium at 152.5 CNY/kg, and hafnium oxide at 9,000 CNY/kg, with changes of 0%, 0%, and 0%, respectively; zircon sand at 14,025 CNY/ton, down 1.4%; and zirconium silicate at 14,012.5 CNY/ton, unchanged [6] - The uranium price for May 2025 is 57.31 USD/lb, up 8.8% [6] Group 5: Consumer Electronics New Materials - The price of cobalt tetroxide is 202,000 CNY/ton, up 3.86% week-on-week [7] - The price of lithium cobalt oxide is 175.0 CNY/kg, unchanged week-on-week [7] - The price of silicon carbide is 5,400.00 CNY/ton, unchanged week-on-week; the prices of high-purity gallium, crude indium, and refined indium are 1,825.00 CNY/kg, 2,425.00 CNY/kg, and 2,525.00 CNY/kg, with changes of -1.1%, 0%, and 0%, respectively [7] - The price of germanium dioxide is 9,800 CNY/kg, unchanged week-on-week, with 50% used for optical fibers and 15% for electronics and solar devices; 80% of high-purity gallium is used for semiconductors [7] Group 6: Precious Metals - The prices of platinum, rhodium, and iridium are 328.00 CNY/g, 1,535.00 CNY/g, and 1,185.00 CNY/g, with changes of +0.6%, +5.5%, and +4.4%, respectively [8]

西部超导材料科技股份有限公司 信息披露管理制度 西部超导材料科技股份有限公司 第一章 总 则 第一条 为保障西部超导材料科技股份有限公司（以下简称"公司"） 信息披露合法、真实、准确、完整、及时，保护投资者合法权益，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》） 、《上海证券交易所科创板股票上市规则》、 《上市公司信 息披露管理办法》等法律、行政法规及规范性文件，结合《西部超导材料 科技股份有限公司章程》（以下简称《公司章程》）的规定，制定本制度。 第二条 本制度所称"信息"是指将可能对公司证券及其衍生品种交易 价格产生较大影响而投资者尚未得知的重大信息，以及证券监管部门、证 券交易所要求披露的信息。 本制度所称"披露"是指在规定的时间内、在规定的媒体上、以规定 的方式向社会公众公布前述的信息，并按规定报送证券监管部门。 第三条 信息披露是公司的持续责任,公司应该诚信履行持续信息披露 的义务。 第四条 本制度所称的信息披露义务人是指公司及其董事、高级管理人 员、股东、实际控制人，收购人，重大资产重组、再融资、重大交易有关 各方等自然人、单位及其相关 ...

西部超导材料科技股份有限公司 章程 二零二五年七月 目 录 第一章 总 则 第一条 为维护西部超导材料科技股份有限公司（以下简称"公司"）、 股东、职工和债权人的合法权益，规范公司的组织和行为，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》"）等法律法规和其他有关规定，制定本章程。 第二条 公司系依照《公司法》及其他法律法规和规范性文件的规定，经 由西部超导材料科技有限公司整体变更成立的股份有限公司。公司的设立方式 为发起设立。 公司在西安市市场监督管理局经开区分局注册登记，取得统一社会信用代 码为 916101327428232411 的《营业执照》。 第三条 公司于 2019 年 7 月 1 日经中国证券监督管理委员会（以下简称"中 国证监会"）同意注册，首次向社会公众发行人民币普通股 4,420 万股，于 2019 年 7 月 22 日在上海证券交易所科创板上市。 第四条 公司注册名称 中文名称：西部超导材料科技股份有限公司 英文名称：Western Superconducting Technologies Co.,Ltd. 第五条 公司住所： ...

西部超导材料科技股份有限公司 内部审计管理制度 西部超导材料科技股份有限公司 第一章 总则 第一条 为了规范西部超导材料科技股份有限公司（以下简称"公司"）内部审计 工作，提高内部审计工作质量，明确内部审计机构和审计人员的责任，保护投资者合法 权益，根据《中华人民共和国公司法》、《中华人民共和国审计法》、等法律、法规及 《西部超导材料科技股份有限公司章程》（以下简称"《公司章程》"）的规定，结合 公司的实际情况，制定本制度。 第二条 本制度所称内部审计，是指由公司内部机构或人员，对其内部控制和风险 管理的有效性、财务信息的真实性和完整性以及经营活动的效率和效果等开展的一种评 价活动。 第三条 本制度所称内部控制，是指公司董事会、高级管理人员及其他有关人员为 实现下列目标而提供合理保证的过程： （一）遵守国家法律、法规、规章及其他相关规定； （二）提高公司经营的效率和效果； （三）保障公司资产的安全； （四）确保公司信息披露的真实、完整。 第四条 公司要依照国家有关法律、法规及规章的规定，结合公司所处行业和生产 经营特点，建立健全内部审计制度，防范和控制公司风险，增强公司信息披露的可靠性。 内部审计制度须经董事 ...

西部超导材料科技股份有限公司 募集资金管理制度 西部超导材料科技股份有限公司 第一章 总 则 第一条 为了规范西部超导材料科技股份有限公司（以下简称"公司"）对募集资 金的使用和管理，提高募集资金的使用效率和效益，保护公司、投资人的合法权益，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》"）、《上市公司募集资金监管规则》、《上海证券交易所科 创板股票上市规则》、《上海证券交易所科创板上市公司自律监管指引第 1 号——规范 运作》及《上海证券交易所科技创新板股票上市规则》等法律、行政法规、规范性文件 及《西部超导材料科技股份有限公司章程》（以下简称"公司章程"），制定本制度。 第二条 本制度所称募集资金系指公司通过发行股票或者其他具有股权性质的证券 向投资者募集并用于特定用途的资金，但不包括公司实施股权激励计划募集的资金。 本制度所称超募资金系指公司实际募集资金净额超过计划募集资金金额部分。 第三条 公司募集资金应当专款专用。公司使用募集资金应当符合国家产业政策和 相关法律法规，践行可持续发展理念，履行社会责任，原则上应当用于主营业务，有利 于增强公司 ...

西部超导材料科技股份有限公司 第一章 总则 计专业人士（会计专业人士是指具有会计方面高级职称或注册会计师资格的人士）。 第四条 《公司章程》中关于董事的规定适用于独立董事，本制度另有规定的除外。 第二章 独立董事的任职条件和独立性 第一条 为进一步完善西部超导材料科技股份有限公司（以下简称"公司"或"上 市公司"）的公司治理结构，切实保护股东的权益，维护公司利益，促进公司规范运作， 保障公司独立董事依法独立行使职权，根据《中华人民共和国公司法》（以下简称"《公 司法》"）、《上市公司独立董事管理办法》以及《西部超导材料科技股份有限公司章 程》（以下简称"《公司章程》"），结合公司实际情况，特制定本制度。 西部超导材料科技股份有限公司 独立董事工作制度 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及其主要股 东、实际控制人不存在直接或间接利害关系或其他可能影响其进行独立客观判断的关系 的董事。 第三条 公司董事会成员中应当至少包括三分之一独立董事，其中至少包括一名会 第五条 担任公司独立董事应当符合下列基本条件： （一） 根据法律、行政法规及其有关规定，具备担任上市公司董事的资格； （二） 具有 ...

西部超导材料科技股份有限公司 股东会议事规则 西部超导材料科技股份有限公司 第一章 总 则 第一条 为规范西部超导材料科技股份有限公司（以下简称"公司"或"本公司"） 行为，保证股东会依法行使职权，根据《中华人民共和国公司法》 （以下简称《公司法》）、 （以下简称"公司章程"）的规定，特制 《中华人民共和国证券法》 （以下简称《证券法》）、 《上海证券交易所科创板股票上市规 则》及《西部超导材料科技股份有限公司章程》 定本规则。 第二条 公司应当严格按照法律、行政法规、本规则及公司章程的相关规定召开股 东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应当勤勉尽 责，确保股东会正常召开和依法行使职权。 第三条 股东会应当在《公司法》和公司章程规定的范围内行使职权。 第四条 股东会分为年度股东会和临时股东会。年度股东会每年召开一次，应当于 上一会计年度结束后的 6 个月内举行。临时股东会不定期召开，出现《公司法》第一百 一十三条规定的应当召开临时股东会的情形时，临时股东会应当在事实发生之日起 2 个 月内召开。 公司在上述期限内不能召开股东会的，应当报告公司所在地中 ...

Financial Performance - The company expects to achieve a net profit attributable to shareholders of 240 million to 290 million CNY in the first half of 2025, representing a year-on-year growth of 42.35% to 72% [1] - The net profit after deducting non-recurring gains and losses is projected to be 200 million to 250 million CNY, indicating a year-on-year increase of 75.43% to 119.29% [1] Product and Market Position - Tian Niao High-tech, a subsidiary, is a leading enterprise in the domestic carbon fiber preform sector, supplying high-performance carbon fiber fabrics and components for major aerospace projects [1][2] - The company is the sole supplier of carbon brake preforms for the C919 aircraft, contributing to the domestic aviation industry's carbon fiber needs [2] Capacity and Production - Tian Niao High-tech has significantly increased its production capacity compared to previous years, with growth in workforce and production hours [3] - Specific capacity data is confidential due to military-related business requirements, but production lines are progressing as planned [3] Technological Applications - The company is developing tantalum carbide and silicon carbide coating technologies for applications in controlled nuclear fusion, enhancing material properties for critical components [4] - Advanced thermal equipment for organic waste pyrolysis has been developed, with applications in recycling various materials, including lithium batteries and carbon fiber components [5][6] Strategic Developments - The subsidiary Dingli Technology is advancing its IPO process, which is expected to enhance brand influence and capital strength, facilitating better resource allocation and operational efficiency for the parent company [6] - The IPO will also unlock the subsidiary's value, potentially increasing the overall valuation and shareholder returns for Chuangjiang New Materials [6] Environmental Certification - The subsidiary Xinhai Gaodao has obtained the first full lifecycle carbon footprint certification in its industry, which is strategically significant for entering the European market and avoiding high carbon costs associated with EU exports [7][8]