由于御源实业和隆达股份实际控制人均为浦益龙，根据《上海证券交易所 科创板股票上市规则》的规定，御源实业为公司关联方，本次交易构成关联交 易。 （二）关联人的基本情况 国联民生证券承销保荐有限公司 关于江苏隆达超合金股份有限公司 签订房屋租赁合同暨关联交易的核查意见 国联民生证券承销保荐有限公司（以下简称"国联民生保荐"或"保荐机构"） 作为江苏隆达超合金股份有限公司（以下简称"隆达股份"或"公司"）首次公开 发行股票并在科创板上市及进行持续督导的保荐机构，根据《证券发行上市保 荐业务管理办法》《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规则适用指引第 1 号——规范运作》以及《上海证券 交易所上市公司自律监管指引第 11 号——持续督导》等有关规定，对公司拟与 无锡御源实业集团有限公司（以下简称"御源实业"）签订《房屋租赁合同》暨 关联交易的相关事项进行了审慎核查，核查情况及意见如下： 一、关联交易概述 为进一步满足企业经营发展需求，增强对高精尖科创人才的吸引力，改善 员工整体住宿条件，提升员工幸福感及稳定性，公司拟与御源实业签订《房屋 租赁合同》，租赁其持有的位于无锡市锡山区 ...

| 9月10日PM | 14:00-20:00会议签到 | | 高分子产业发展闭门会议暨项目路演 | | --- | --- | --- | --- | | 9月11日AM | | 高分子产业年会(全体大会) & 2025"新塑奖"评选颁奖盛典 | | | 9月11日PM | 第十届中国国际工程塑料产业 | 具身机器人创新材料 | AI赋能高分子材料 | | | 创新大会 | 及应用论坛 | 开发专场 | | 9月12日全天 | 第三届高分子电磁复合材料及 | 第七届新能源汽车创 | 航空航天与低空经济创新材 | | | 应用论坛 | 新材料及应用论坛 | 料及应用论坛 | | 会议全程 | 科研成果展示及终端对接专区 | 产品及设备展区 | "新塑奖"获奖企业专区 | (一)全体大会:开幕式及产业宏观论坛 【DT新材料】 获悉，8月26日， 上海市经济和信息化委员会 消息，上海市经信委等七部门联合公告设立 上海国际化工新材料创新中心等11家新材料 中试基地，其中8家涉及化工新材料。 具体包括： 上海市新材料中试基地名单(第一批) | 序号 | 中试基地名称 | 功能类别 | 承担单位 | 优势/特色 | | ...

中航上大高温合金材料股份有限公司 投资者关系活动记录表 编号：2025-003 投资者关系活动类别 特定对象调研 □媒体采访 □新闻发布会 □现场参观 □分析师会议 □业绩说明会 □路演活动 □其他 参与单位名称及人员姓 名 中金公司 刘中玉 中金公司 刘婧 中金公司 李舜尧 孚悦中诚资产 高飚 彼得明奇资产 林蔚先 君和立成投资 季刘昱 朱雀基金 许可 西南证券自营 李佳为 创金合信基金 李晗 中信期货资管部 魏巍 Elephas Global Fund WuXiaotian 上海富唐资产 胡爱军 上海天猊投资 曹国军 时间 2025 年 8 月 26 日（周二）上午 10:00—11:00 地点 在公司会议室通过进门财经平台以及电话会议采用线上远 程的方式召开 上市公司接待人员姓 名 总经济师：周军先生 副总经理、董事会秘书：徐志博先生 | | 财务总监：张建改女士 | | --- | --- | | | 公司就投资者在本次交流会中提出的问题进行了回复： | | | 1.上半年高温合金收入大幅增长且增速高于行业，其 | | | 背后是市场份额增加还是高温合金产品种类扩充导致 | | | 的？ | | | ...

股票代码：600399 股票简称：抚顺特钢 编号：临 2025-037 抚顺特殊钢股份有限公司 2025 年半年度经营数据公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没 有虚假记载、误导性陈述或重大遗漏，并对其内容的真实性、准确性 和完整性承担个别及连带责任。 | 产品名称 | 经营指标 | 2025 年 1-6 | 月 | 2024 年 1-6 月 | 增减情况（%） | | --- | --- | --- | --- | --- | --- | | 合金结构 | 产量（万吨） | 9.67 | | 10.89 | -11.22 | | 钢 | 销量（万吨） | 9.57 | | 11.29 | -15.26 | | | 平均售价（元/吨，不含税） | 10,863.72 | | 13,287.79 | -18.24 | | 工具钢 | 产量（万吨） | 4.54 | | 3.93 | 15.46 | | | 销量（万吨） | 4.58 | | 4.20 | 9.08 | | | 平均售价（元/吨，不含税） | 16,847.88 | | 16,856.84 | -0.05 | | 不锈钢 ...

Core Viewpoint - Zhongzhou Special Materials reported a stock price of 20.62 yuan as of August 19, 2025, reflecting a decrease of 0.50 yuan or 2.37% from the previous trading day [1] Company Overview - Zhongzhou Special Materials is a high-tech enterprise focused on the research, production, and sales of special materials, including high-temperature alloys, corrosion-resistant alloys, and precision alloys [1] - The company's products are widely used in aerospace, energy and chemical industries, and medical devices [1] - Zhongzhou operates within the non-ferrous metals industry and is involved in supercritical power generation and Sino-Russian trade [1] Recent Developments - On the evening of August 19, the company announced that the 18th meeting of the fourth board of directors approved the nomination of five candidates for non-independent directors and three candidates for independent directors [1] - The meeting also approved the proposal to hold the fourth temporary shareholders' meeting in 2025 [1] Market Activity - On August 19, the net outflow of main funds for Zhongzhou Special Materials was 52.0255 million yuan, accounting for 0.87% of the circulating market value [1] - Over the past five trading days, the cumulative net outflow reached 19.4761 million yuan, representing 0.33% of the circulating market value [1]

Investment Rating - The industry investment rating is "Overweight" indicating that the growth level of the industry is expected to be higher than that of the CSI 300 index in the next six months [4][54]. Core Insights - The military materials index has outperformed the industry, with a growth rate of 3.59% in July, surpassing the industry average by 0.51 percentage points [3][33]. - The report identifies several key drivers for the rapid growth of the military materials sector, including the final year of the 14th Five-Year Plan, increased geopolitical tensions, advancements in new materials technology, and the dual-use nature of military and civilian applications [3][10][12]. - The report anticipates a gradual recovery in the military materials industry, driven by concentrated demand release in 2025 and the increasing certainty of large orders in the sector [10][11]. - The report highlights the importance of multi-functional materials and new manufacturing processes, such as additive manufacturing, which are expected to see rapid development in military applications [14][16]. Summary by Sections Military Materials Industry Analysis - Domestic suppliers need to enhance their technical capabilities and manufacturing efficiency to meet the rapid development of the civil aviation industry [8][29]. - The establishment of specialized production lines for civil aircraft components is expected to accelerate the production of domestic large aircraft [29][30]. Capital Market Status - The military materials index has shown a positive performance, with a notable increase in public fund holdings in military materials [3][34]. - The report notes that the military materials sector has experienced a lag in growth compared to the overall military industry, indicating potential for catch-up [3][10]. Important Investment Logic - The report suggests focusing on companies involved in high-temperature alloys, titanium alloys, and composite materials, which are expected to benefit from the growing demand in both military and civilian markets [18][51]. - The military materials sector is projected to see significant growth in the next few years, with high-end titanium alloys, carbon fibers, and high-temperature alloys expected to reach market sizes of over 200 billion, 300 billion, and 400 billion respectively by 2028 [44][45].

Summary of the Metal Chromium Industry Conference Call Industry Overview - The conference call focused on the metal chromium industry, highlighting significant price increases in the first half of the year due to various factors including rising chromium ore prices, a 20%-30% increase in market demand, and government stockpiling policies [1][3][4]. Key Points and Arguments - **Price Dynamics**: Metal chromium prices surged over 20,000 RMB per ton, driven by increased demand and stockpiling by intermediaries. Recent price adjustments saw a slight decrease of about 5% [1][3][5]. - **Government Stockpiling**: The Chinese government plans to stockpile 5,000 tons of metal chromium starting in 2025, with potential future plans influenced by geopolitical factors [1][6]. - **Production Capacity**: Major companies in the industry are operating at 110%-120% capacity, limiting the ability to increase production further due to tight supply of raw materials like germanium trioxide [1][11]. - **High-Temperature Alloy Demand**: The military sector's demand for high-temperature alloys has significantly increased, with metal chromium accounting for 60%-70% of high-end stainless steel production [1][12][18]. - **Geopolitical Influences**: Geopolitical tensions have led to increased stockpiling of ammunition and related materials, driving up the demand for high-temperature alloys [1][20]. Additional Important Insights - **Market Shortages**: A potential market shortage is anticipated from late August to September due to stockpiling needs, which may push prices above 100,000 RMB per ton in the first half of next year [2][42]. - **Purity and Pricing**: Only a few domestic companies can produce 99.99% pure metal chromium, with prices for this high-purity product being 30%-40% higher than 99.9% products [2][25][28]. - **Export Regulations**: China has implemented export licensing for cobalt, which may extend to stricter measures for metal chromium in the future [22]. - **Production Challenges**: The production of high-purity metal chromium is complex and requires proprietary processes, limiting the number of producers capable of achieving such purity levels [25][29]. - **Environmental Regulations**: Current environmental standards are stringent, impacting new projects more than established companies that have already invested in compliance [35][36]. Conclusion The metal chromium industry is experiencing significant price fluctuations driven by demand, government policies, and geopolitical factors. The production capacity is constrained, and the market may face shortages, leading to further price increases. The focus on high-purity products and environmental compliance will shape the industry's future dynamics.

Group 1: Company Pricing Strategy - The company employs a pricing framework based on "material costs + processing fees + profit," while dynamically referencing market competition to determine pricing for downstream customers [1] - The pricing strategy ensures both cost and profit anchoring, while being flexible to market changes through multi-department collaboration, achieving "precise cost calculation + market dynamic response" [1] Group 2: Wind Power Industry Trends - The wind power industry is expected to see positive overall development trends this year, with 2025 being a critical year for accelerating the construction of a new energy system and promoting high-quality energy development [1] - According to the National Energy Administration, the newly installed wind power capacity in the first half of this year reached 51.39 million kilowatts, with onshore wind power accounting for 48.90 million kilowatts and offshore wind power 2.49 million kilowatts [1] - By June 2025, the cumulative installed wind power capacity in the country is projected to reach 573 million kilowatts, a year-on-year increase of 22.7%, with onshore wind power at 528 million kilowatts and offshore wind power at 44.2 million kilowatts [1] - The cumulative wind power generation in the first half of this year was 588 billion kilowatt-hours, representing a year-on-year growth of 15.6%, with an average utilization rate of 93.2% [1] Group 3: Diversification Strategy - The company plans to extend its existing technology into horizontal industry fields to enhance product diversification and strengthen its lifecycle [2] - The company is actively exploring deep-sea wind power business and cutting-edge technologies like floating platforms to adapt to future market trends [2] - The company has conditions to formally market nuclear waste fuel transfer and storage tanks and is closely collaborating with relevant parties for industrialization [2] - In the high-end alloy steel market, the company is developing new materials like high-temperature alloys to optimize and enrich its product line, enhancing its risk resistance [2] - The company aims to accelerate overseas market expansion to enhance its global market share in the wind power sector [2] Group 4: Investment in Joint Ventures - The company has invested in establishing a joint venture, Zhejiang Ningbo Zhuhai Wind Mother Port Equipment Development Co., Ltd., based on its recognition of the future development prospects and value of the offshore wind power industry [2] - This investment aligns with the company's "two seas" strategy (offshore wind power and overseas markets), enhancing its influence and competitiveness in the wind power and casting industries [2] - The investment is expected to help the company explore market potential and promote growth, ultimately maximizing capital appreciation and shareholder interests [2]

Group 1 - The company, Wanzhe Co., Ltd. (000534), stated that its high-temperature alloy capacity utilization rate is at a reasonable level within the industry [1] - The company is enhancing production capacity at its Shanghai and Shenshan bases to seize opportunities from the rapid development of the domestic and international engine market and the localization of large aircraft [1]

Core Viewpoint - The article provides a comprehensive overview of the advanced steel materials industry chain, highlighting the distribution of various advanced materials and their applications across different sectors, including aerospace, automotive, and energy [4][5][6]. Group 1: Advanced Steel Materials Industry - The advanced steel materials industry is categorized into upstream, midstream, and downstream segments, focusing on high-performance steel products for various applications [5][6]. - Key developments in the industry include high-strength steel for marine engineering, energy applications, and automotive use, with a focus on high-quality electrical steel and tool steel [5][6]. - The distribution of advanced steel materials enterprises is widespread across provinces such as Shandong, Hebei, and Jiangsu, with specific products tailored to regional industrial needs [5][6]. Group 2: High-Temperature Alloy Industry - The high-temperature alloy industry is segmented into upstream, midstream, and downstream, emphasizing the development of nickel-based alloys for aerospace and industrial applications [7][9]. - Key products include heat-resistant alloys used in gas turbines and aerospace components, with a focus on high-performance materials for extreme conditions [7][9]. - The distribution of high-temperature alloy enterprises is concentrated in provinces like Liaoning and Jiangsu, with specialized products for various industrial applications [10][11]. Group 3: Advanced Nonferrous Metal Materials - The advanced nonferrous metal materials industry includes high-performance aluminum and copper alloys, with a focus on lightweight materials for automotive and aerospace applications [13][16]. - Key developments in aluminum alloys include large-scale profiles for high-speed trains and aerospace components, while copper alloys focus on high-conductivity applications [15][16]. - The distribution of nonferrous metal enterprises spans across provinces such as Xinjiang, Henan, and Guangdong, with specific products catering to local industrial demands [15][17]. Group 4: Advanced Petrochemical and Chemical New Materials - The advanced petrochemical and chemical new materials industry encompasses a wide range of products, including synthetic materials and high-performance fibers, with applications in construction, automotive, and electronics [22][24]. - Key developments include catalysts for polypropylene production and high-performance polymers for various industrial applications [26][30]. - The distribution of petrochemical enterprises is prominent in regions like Jiangsu, Guangdong, and Shandong, focusing on innovative materials for diverse applications [24][31].