Group 1 - The company announced a production volume of copper strip and foil of 62,414.82 tons for the first half of 2025, representing a year-on-year increase of 10.29% [1] - The sales volume of copper strip and foil reached 62,711.65 tons, showing a year-on-year growth of 9.89% [1] - The sales volume of copper foil was 1,730.81 tons, reflecting a year-on-year decrease of 1.25% [1] - The sales volume of aluminum foil surged to 6,732.75 tons, marking a significant year-on-year increase of 317.17% [1]

Core Viewpoint - The report from Guosheng Securities highlights that Jiuli Special Materials achieved a net profit attributable to the parent company of 828 million yuan in the first half of the year, representing a year-on-year increase of 28.48% [1] Financial Performance - In Q2, Jiuli Special Materials realized a net profit attributable to the parent company of 438 million yuan, which is a year-on-year growth of 38.74% and a quarter-on-quarter increase of 12.66%, indicating significant improvement in quarterly performance [1] Business Growth Drivers - The company benefits from accelerated international expansion, increased downstream nuclear power investments, and the ramp-up of high-end product sales, which are expected to support continuous growth in sales net profit margin [1] Market Position and Future Outlook - Jiuli Special Materials focuses on the manufacturing of mid-to-high-end stainless steel pipes, with capacity expansion driving continuous growth in production and sales scale. The sustained improvement in downstream demand effectively supports its profit release [1] - The accelerated high-end product iteration is anticipated to bolster the company's valuation. The firm projects that Jiuli Special Materials will achieve net profits attributable to the parent company of 1.81 billion yuan, 2.03 billion yuan, and 2.27 billion yuan for the years 2025 to 2027, corresponding to price-to-earnings ratios of 12.2, 10.9, and 9.7 times, respectively [1]

Core Viewpoint - Steel Research High-tech (钢研高纳) reported a revenue of 1.817 billion yuan for the first half of 2025, reflecting a year-on-year growth of 5.07%, while net profit decreased by 64.52% to 63.8054 million yuan [1] Financial Performance - The company achieved an operating income of 1.817 billion yuan in the first half of 2025, which is a 5.07% increase compared to the same period last year [1] - Net profit for the same period was 63.8054 million yuan, showing a significant decline of 64.52% year-on-year [1] - Basic earnings per share (EPS) were reported at 0.0812 yuan [1] - The weighted average return on equity (ROE) stood at 1.74% [1]

Group 1 - The core viewpoint of the news highlights the financial performance and market activity of Haigang Co., indicating a significant increase in revenue and net profit, alongside notable trading activity in the stock market [1][2][3] Group 2 - As of August 25, Haigang Co. experienced a stock price increase of 0.89%, with a trading volume of 79.93 million yuan. The financing buy-in amount was 8.58 million yuan, while the financing repayment was 20.05 million yuan, resulting in a net financing buy-in of -11.47 million yuan [1] - The total financing and securities balance for Haigang Co. reached 127 million yuan, accounting for 4.30% of the circulating market value, which is above the 60th percentile level over the past year [1] - The company specializes in the research, production, and sales of large and medium-sized specialized forged components, with a revenue composition of 91.50% from forgings, 7.89% from scrap, 0.29% from material sales, 0.28% from processing fees, and 0.04% from rent [1] Group 3 - As of March 31, the number of shareholders for Haigang Co. was 13,800, an increase of 79.77% from the previous period, while the average circulating shares per person decreased by 46.85% to 5,889 shares [2] - For the first quarter of 2025, Haigang Co. reported a revenue of 440 million yuan, representing a year-on-year growth of 47.72%, and a net profit attributable to shareholders of 20.55 million yuan, which is a 191.74% increase year-on-year [2] Group 4 - Since its A-share listing, Haigang Co. has distributed a total of 56.34 million yuan in dividends, with 43.70 million yuan distributed over the past three years [3]

Group 1 - The company held the 10th meeting of the 10th Supervisory Board on August 22, 2025, with all three supervisors participating and voting [1] - The meeting's procedures complied with the Company Law and relevant regulations, ensuring the legitimacy of the meeting [1] - The Supervisory Board unanimously agreed that the report accurately reflects the company's financial status and operational results for the first half of 2025 [1] Group 2 - The Supervisory Board also unanimously agreed on the authenticity and objectivity of the risk assessment report regarding Xinxing Jihua Group Financial Co., Ltd [1]

Group 1 - Chengxin International Credit Rating Co., Ltd. has terminated the credit rating for Anhui Chujian Technology New Materials Co., Ltd. and its related bond rating [1][2] - The company maintained a credit rating of AA with a stable outlook for the year 2025, as per the tracking rating report issued on May 14, 2025 [1] - The company exercised its early redemption rights for the "Chujian Convertible Bonds," redeeming all outstanding bonds, with a total redemption payment of 496,925.22 yuan [1] Group 2 - The termination of the credit rating and bond rating will take effect immediately upon the announcement, and the ratings will no longer be updated [2] - As of the announcement date, all "Chujian Convertible Bonds" have been redeemed and delisted, leaving no outstanding bonds rated by Chengxin International [1][2]

Group 1 - The company held the 11th meeting of the 8th Supervisory Board on August 25, 2025, with all three supervisors present, complying with legal and regulatory requirements [1] - The meeting approved the 2025 semi-annual report and its summary, as well as the special report on the use of raised funds [1] - The Supervisory Board confirmed that the report accurately reflects the company's actual situation and that there were no violations of confidentiality by the supervisors [1] Group 2 - The company is increasing capital in its wholly-owned subsidiary, Xi'an Baotai New Materials Technology Co., Ltd., with an investment of 35 million yuan, while waiving its priority subscription rights [2] - Following the capital increase, the company's shareholding in Xi'an Baotai New Materials will be diluted to 71.08%, changing its status from a wholly-owned subsidiary to a controlling subsidiary within the consolidated financial statements [2] - The transaction aligns with the company's development strategy and is expected to enhance its core competitiveness, with the pricing based on a fair assessment post-approval from the relevant state asset regulatory authority [2]

General Principles - The company establishes a management system for the resignation of directors and senior management to ensure governance continuity and protect the rights of shareholders [1] - This system applies to all forms of termination of office, including expiration of term, resignation, dismissal, and loss of qualification [1] Resignation Procedures - Directors can resign before their term ends by submitting a written resignation report, which will take effect unless it results in a violation of minimum member requirements [2] - The company must complete the election of a new director within 60 days of a resignation to maintain compliance with legal and regulatory requirements [2] Responsibilities Upon Resignation - Directors must specify the resignation date, reasons, and any ongoing commitments in their resignation report [3] - If a director resigns for reasons other than term expiration, they must report to the audit committee and disclose any violations or irregularities [3][4] Post-Resignation Obligations - Directors remain liable for responsibilities incurred during their tenure, and their obligations to the company and shareholders continue for two years post-resignation [5] - Confidentiality obligations regarding company secrets persist until the information becomes public [5] Violations and Penalties - The company can impose penalties for violations of the resignation procedures, including warnings, demotions, or legal action [6] - Any improper gains obtained by a director due to violations must be returned to the company [6] Application to Senior Management - The resignation procedures for senior management are similar to those for directors, requiring written reports and adherence to the established system [7] - The company board is responsible for the formulation and interpretation of this management system [7]

福然德股份有限公司 内部审计制度 第一章 总则 第一条 为了进一步规范公司内部审计工作，明确内部审计机构和人员的责 任，保证审计质量，明确审计责任，促进经营管理，提高经济效益，根据《中华 人民共和国公司法》《上海证券交易所上市公司自律监管指引第 1 号——规范运 作》《中国内部审计准则》以及《公司章程》等相关规定，并结合公司实际情况， 制定本制度。 第二条 公司的内部审计是一种独立、客观的确认和咨询活动，它通过运用 系统、规范的方法，审查和评价公司的业务活动、内部控制和风险管理的适当性 和有效性，以促进组织完善治理、增加价值和实现目标。 第三条 内部审计的基本原则：独立性原则、合法性原则、实事求是原则、 客观公正原则、廉洁奉公原则、保守秘密原则。 第二章 内部审计机构和审计人员 第四条 公司设立审计部，对公司内部控制制度的建立和实施、公司财务信 息的真实性和完整性等情况进行检查监督。 审计部应当保持独立性，不得置于财务部门的领导之下，或者与财务部门合 署办公。 审计委员会负责监督及评估审计部工作。审计部对审计委员会负责，向审计 委员会报告工作。 第五条 审计部设审计负责人一名，负责审计部的全面工作。并配备若干 ...

General Provisions - The purpose of the guidelines is to standardize the responsibilities and authority of the board secretary of Furan De Co., Ltd., enhance corporate governance, and ensure compliance with relevant laws and regulations [1][2] - The company appoints one board secretary who is a senior management member and is responsible to the company and the board [1][2] Qualifications - The board secretary must possess good professional ethics, personal qualities, and necessary knowledge in finance, management, and law, along with relevant work experience [2][3] - Individuals who fall under certain disqualifications, such as being banned from serving as a director or senior management by regulatory authorities, cannot be appointed as board secretary [2][3] Responsibilities - The board secretary is responsible for managing information disclosure, coordinating communication with investors and regulatory bodies, and organizing board and shareholder meetings [3][4] - The board secretary must ensure compliance with confidentiality regarding undisclosed significant information and report any breaches to the stock exchange [3][4] - The board secretary has the authority to access the company's financial and operational information and request necessary documents from relevant departments [4][5] Appointment and Dismissal Procedures - The board secretary is nominated by the chairman and appointed or dismissed by the board, with a term of three years [5][6] - The company must appoint a new board secretary within three months after the previous one leaves [5][6] - Grounds for dismissal include disqualification, inability to perform duties for over three months, or significant errors causing major losses [6][7] Miscellaneous - The guidelines will take effect upon approval by the board and will be interpreted by the board [7][8]