重要内容提示： ● 回购股份基本情况 为维护方大炭素新材料科技股份有限公司（以下简称方大炭素或公司）价值及股东利益，公司于2024年 9月19日至2024年11月4日期间通过集中竞价交易方式回购公司股份196,324,457股（占公司总股本的 4.88%）。详见公司于2024年11月5日披露的《方大炭素关于股份回购实施结果暨股份变动公告》（公 告编号：2024-080）。 ● 减持计划的进展情况 公司于2025年11月6日召开第九届董事会第十三次临时会议，审议通过了《关于回购股份集中竞价减持 股份计划的议案》。公司计划自减持回购股份计划公告披露之日起15个交易日后的6个月内，通过集中 竞价交易方式，按照市场价格累计减持不超过75,688,240股已回购股份（不超过公司总股本的 1.88%）。详见公司于2025年11月8日披露的《方大炭素关于回购股份集中竞价减持股份计划公告》 （公告编号：2025-048）。 2026年2月25日，公司回购专用证券账户在减持期间内首次出售已回购股 份40,259,000股，占公司总股 本的1%，减持均价为5.983元/股。 现将有关减持进展情况公告如下： 一、减持主体减持前基本 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600516 证券简称：方大炭素 公告编号：2026-013 方大炭素新材料科技股份有限公司 关于首次集中竞价减持已回购股份的进展公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 回购股份基本情况 为维护方大炭素新材料科技股份有限公司（以下简称方大炭素或公司）价值及股东利益，公司于2024年 9月19日至2024年11月4日期间通过集中竞价交易方式回购公司股份196,324,457股（占公司总股本的 4.88%）。详见公司于2024年11月5日披露的《方大炭素关于股份回购实施结果暨股份变动公告》（公 告编号：2024-080）。 ● 减持计划的进展情况 公司于2025年11月6日召开第九届董事会第十三次临时会议，审议通过了《关于回购股份集中竞价减持 股份计划的议案》。公司计划自减持回购股份计划公告披露之日起15个交易日后的6个月内，通过集中 竞价交易方式，按照市场价格累计减持不超过75,688,240股已回购股份（不超过公司总股本的 ...

证券日报网讯2月25日，方大炭素（600516）发布公告称，2026年2月25日，公司回购专用证券账户在减 持期间内首次出售已回购股份40，259，000股，占公司总股本的1%，减持均价为5.983元/股。 ...

重要内容提示： 回购股份基本情况 为维护方大炭素新材料科技股份有限公司（以下简称方大炭素或公司）价值 及股东利益，公司于 2024 年 9 月 19 日至 2024 年 11 月 4 日期间通过集中竞价交 易方式回购公司股份 196,324,457 股（占公司总股本的 4.88%）。详见公司于 2024 年 11 月 5 日披露的《方大炭素关于股份回购实施结果暨股份变动公告》（公告 编号：2024-080）。 证券代码：600516 证券简称：方大炭素 公告编号：2026-013 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 减持计划的进展情况 方大炭素新材料科技股份有限公司 关于首次集中竞价减持已回购股份的进展公告 公司于 2025 年 11 月 6 日召开第九届董事会第十三次临时会议，审议通过了 《关于回购股份集中竞价减持股份计划的议案》。公司计划自减持回购股份计划 公告披露之日起 15 个交易日后的 6 个月内，通过集中竞价交易方式，按照市场 价格累计减持不超过 75,688,240 股已回购股份（不超过公司 ...

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Metals & Mining - **Event**: GS Asia Commodity Corporate Day held from February 2-4, featuring 13 companies involved in various commodities including copper, aluminum, lithium, tungsten, nickel, cobalt, rare earths, gold, silver, graphite, potash, coal, and battery materials [1][2] Core Insights - **Positive Sentiment**: There is a generally positive outlook among miners and producers for most commodities, supported by solid supply and demand fundamentals [2] - **Supply Constraints**: Current supply constraints differ from past cycles, influenced by factors such as government-imposed controls (e.g., production quotas in China and Indonesia) and increased trade barriers [2] - **Long-term Value Appreciation**: Miners and producers are increasingly recognizing the long-term value of resources, particularly in copper, gold, lithium, and tungsten, with expectations of output growth ranging from 20% to 100% over the next 3-5 years [3] Company-Specific Insights China Qinfa Group (中国秦发) - **Key Commodities**: Focus on coal production, particularly in Indonesia [11] - **Government Regulations**: Increased supply discipline due to government regulations, including production quotas and potential export taxes [11] - **Production Capacity**: Anticipated production output of over 10 million tons of raw coal by 2026, with significant growth expected from underground mining operations [12][13] - **Cost Structure**: Current total unit cost is Rmb310 per ton, with expectations to reduce costs to Rmb200 per ton as operations ramp up [15] - **CAPEX Plans**: Future capital expenditures will focus on expanding mining operations, with an average cost of Rmb2.0-3.0 billion per pit [17] Additional Important Points - **Geographic Focus**: Preferred mining assets are primarily located in Africa, Central Asia, and domestic China [3] - **Market Dynamics**: The appreciation of resource values is occurring despite a broad macroeconomic downturn and trends toward de-dollarization [3] - **Production Growth Drivers**: The company is implementing strategies to improve production efficiency and reduce costs, including the use of advanced mining techniques and partnerships for coal chemical production [18] Conclusion The conference highlighted a robust outlook for the metals and mining industry, driven by strong demand fundamentals and strategic adaptations to supply constraints. Companies like China Qinfa Group are positioning themselves for significant growth through regulatory compliance and operational efficiencies.

Core Viewpoint - Fangda Carbon's acquisition of Tianjin Tongda Huanyu Logistics Co., Ltd. aims to optimize inventory management and improve logistics efficiency amid declining operating performance [1][2]. Group 1: Acquisition Details - Fangda Carbon plans to invest 319 million yuan to acquire 100% equity of Tongda Huanyu, a related party [1][2]. - The acquisition is expected to enhance the company's logistics capabilities and reduce storage and transportation costs [1][3]. - Tongda Huanyu, established in August 2025, is strategically located near Tianjin Port, which will facilitate better supply chain management for Fangda Carbon [3]. Group 2: Financial Performance - Fangda Carbon's operating performance has been under pressure, with a continuous decline in net profit from 2022 to 2024, with expected further declines in 2025 [1][11][12]. - The company's revenue for 2022, 2023, and 2024 was 5.32 billion yuan, 5.13 billion yuan, and 3.87 billion yuan, respectively, showing a significant decrease [11]. - The net profit for the same years was 840 million yuan, 416 million yuan, and 186 million yuan, reflecting a downward trend [11]. Group 3: Strategic Moves - Fangda Carbon has also acquired an office building in Shanghai for 456 million yuan to support its business development needs [4][5]. - The company is focusing on diversifying its product structure and exploring non-steel emerging markets to strengthen its market position [9][10]. - Despite these efforts, the non-steel sectors have yet to contribute positively to the company's financial performance [10]. Group 4: Management Changes - Fangda Carbon has undergone significant management changes, including the replacement of its chairman, general manager, and financial director [16][17]. - These changes are part of a broader strategy to address the company's operational challenges and improve performance [16].

Core Viewpoint - Fangda Carbon (600516.SH) announced plans to acquire 100% equity of Tianjin Tongda Huanyu Logistics Co., Ltd. from its related party Tianjin Yishang for 319 million yuan, constituting a related party transaction [1] Group 1: Acquisition Details - The acquisition aims to optimize inventory management and enhance logistics control efficiency within the company and its subsidiaries [1] - Tianjin Tongda was established on August 21, 2025, and is located in the Huaming High-tech Industrial Zone of Dongli District, Tianjin, covering an area of 294,300 square meters with a building area of 71,900 square meters [1] - The company specializes in cargo storage services and domestic and international freight forwarding, with a dedicated railway line and convenient transportation [1] Group 2: Strategic Objectives - The acquisition is expected to strengthen the company's risk resistance, reduce storage and logistics costs, and quickly access the logistics network, customer resources, and storage facilities in the Bohai Rim region [1] - This move is anticipated to enhance the company's market penetration in the region [1] Group 3: Recent Activities - Prior to this acquisition, Fangda Carbon successfully acquired an office building on Jianguo West Road in Shanghai for 456 million yuan on January 13 [1]

Core Viewpoint - Fangda Carbon (600516.SH) plans to acquire 100% equity of Tianjin Tongda Huanyu Logistics Co., Ltd. from related party Tianjin Yishang for 319 million yuan, constituting a related transaction [1] Group 1: Acquisition Details - The acquisition aims to optimize Fangda Carbon's logistics system, enhancing supply chain efficiency and reducing storage and transportation costs [1] - Tianjin Tongda, established in August 2025, is located in Dongli District, Tianjin, covering an area of 294,300 square meters with a building area of 71,900 square meters, equipped with railway dedicated lines and external highway networks [1] Group 2: Financial Context - Fangda Carbon's full subsidiary recently purchased an office building in Shanghai for 456 million yuan [1] - The company is facing performance pressure, with a projected net profit loss of 114 million to 136 million yuan for 2025 [1] Group 3: Leadership Changes - The former chairman, Ma Zhuo, resigned due to work adjustments in early February, with Zhang Tianjun taking over the position [1]

Core Viewpoint - Fangda Carbon's operational performance is under pressure, prompting the company to plan an acquisition of assets to optimize logistics and inventory management, while facing declining profits over the past three years [1][9][10]. Group 1: Acquisition Plans - Fangda Carbon announced plans to acquire 100% equity of Tianjin Tongda Huanyu Logistics Co., Ltd. for approximately 319 million yuan, aiming to enhance logistics efficiency and reduce costs [1][4]. - The acquisition is expected to strengthen the company's logistics network in the Bohai Rim region, improving supply chain management and operational efficiency [5][6]. Group 2: Financial Performance - The company has experienced a decline in revenue and net profit from 2022 to 2024, with revenues of 5.32 billion yuan, 5.13 billion yuan, and 3.87 billion yuan, reflecting year-on-year changes of -14.37%, -3.54%, and -24.55% respectively [10]. - The net profit attributable to shareholders has also decreased significantly, with figures of 840 million yuan, 416 million yuan, and 186 million yuan, showing declines of 22.56%, 50.44%, and 55.31% [10][11]. - For 2025, the company anticipates a further decline in net profit, projecting between 60.44 million yuan and 101 million yuan, a decrease of 45.85% to 67.51% year-on-year [10]. Group 3: Management Changes - Fangda Carbon has undergone significant management changes, with the chairman, general manager, and financial director all replaced recently [2][13]. - The new appointments include Xie Haidong as general manager and Guo Yanli as financial director, indicating a strategic shift in leadership [13]. Group 4: Strategic Focus - The company is actively exploring non-steel emerging sectors, although these efforts have yet to yield positive contributions to financial performance [9][12]. - Fangda Carbon maintains a strong position in the carbon products market, focusing on product structure optimization and market diversification, particularly in the Belt and Road Initiative [9][12].

Company Dynamics - Fangda Carbon intends to invest 319.19 million yuan to acquire 100% equity of Tianjin Tongda Huanyu Logistics Co., Ltd., a logistics company under an affiliated party, which was established less than six months ago [2] - The acquisition price is set at 31,918.70 thousand yuan, and since Tianjin Tongda is controlled by Fangda Group's major shareholder, this transaction is classified as a related party transaction [2] - Tianjin Tongda is located in Dongli District, Tianjin, covering an area of 294,300 square meters with a building area of 71,900 square meters, primarily storing bulk products for the Beijing-Tianjin-Hebei region and Tianjin Port [2] Strategic Rationale - The acquisition aims to optimize inventory management and enhance the efficiency and stability of logistics control across the company and its subsidiaries, thereby improving risk resistance and reducing storage and logistics costs [3] - The assets acquired include facilities for storage, transportation, and information systems, which will help reduce the time and costs associated with building these capabilities from scratch [3] Financial Performance - Fangda Carbon's net profit has been declining since 2023, with forecasts indicating a significant loss of over 100 million yuan in 2025 [3][4] - The company's net profits for 2022, 2023, and 2024 were 840 million yuan, 416 million yuan, and 186 million yuan, respectively, with a projected net profit for 2025 ranging from 60 million to 101 million yuan, representing a year-on-year decrease of 45.85% to 67.51% [4] - The anticipated loss in 2025 is attributed to a decline in sales prices of the company's main products [4] Leadership Changes - The former chairman, Ma Zhuo, resigned due to work adjustments, and Zhang Tianjun has been elected as the new chairman and legal representative of the company [5]