证券代码：600516 证券简称：方大炭素 公告编号：2025-057 方大炭素新材料科技股份有限公司 关于公司董事辞职暨选举职工代表董事的公告 本公司董事会及全体董事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： （一）提前离任的基本情况 1 | | | 方大炭素新材料科技股份有限公司（以下简称公司）董事会于近日收到非独 立董事徐龙福先生递交的辞职报告，因工作调整，徐龙福先生申请辞去公司第九 届董事会非独立董事职务。除辞任非独立董事职务外，徐龙福先生担任的公司其 他职务不变。 2025 年 12 月 15 日，公司召开职工代表大会并做出决议，选举吴亚红先生 为公司第九届董事会职工代表董事，任期自公司本次职工代表大会选举通过之日 起至公司第九届董事会任期届满之日止。 一、董事/高级管理人员离任情况 | | | | | | 是否继 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 续在上 | | 是否存在 | | 姓 | 离任职务 | 离任时间 | ...

甘肃金城律师事务所 关于方大炭素新材料科技股份有限公司2025年第二次临时股东大会 的法律意见书 （2025）甘金律书字1348号 致：方大炭素新材料科技股份有限公司 方大炭素新材料科技股份有限公司（简称"公司"）2025年第二次临时股东大会 （简称"本次会议"）于2025年12月15日召开。甘肃金城律师事务所接受公司委托， 指派魏彦珩律师、张明兴律师（简称"本所律师"）出席本次会议。根据《中华人民 共和国公司法》（简称"《公司法》"）、《中华人民共和国证券法》（简称"《证券法》"）、 《上市公司股东会规则》（简称"《股东会规则》"）、《方大炭素新材料科技股份有限 公司章程》（简称"《公司章程》"）的规定，本所律师就本次会议的召集、召开程序、 出席会议人员资格、表决程序等相关事项进行见证，并发表法律意见。为出具本法 律意见，本所律师出席了本次会议，并审查了公司提供的以下文件，包括但不限于： （一）《公司章程》； （二）公司2025年11月28日召开的第九届董事会第十五次临时会议审议通过的 议案。 （三）公司于2025年11月29日在上海证券交易所网站（http://www.sse.com.c n）公布的《方大 ...

证券代码：600516 证券简称：方大炭素 公告编号：2025-056 方大炭素新材料科技股份有限公司 本次会议是否有否决议案：无 一、会议召开和出席情况 （一）股东大会召开的时间：2025 年 12 月 15 日 （二）股东大会召开的地点：甘肃省兰州市红古区海石湾镇方大炭素办公楼 五楼会议室 （三）出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1.出席会议的股东和代理人人数 | 1,458 | | --- | --- | | 2.出席会议的股东所持有表决权的股份总数（股） | 1,596,697,596 | | 3.出席会议的股东所持有表决权股份数占公司有表决权股 | 42.2787 | | 份总数的比例（%） | | 2025年第二次临时股东大会决议公告 本公司董事会及全体董事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： （四）表决方式是否符合《公司法》及《公司章程》的规定，股东大会主持 情况等。 本次会议由公司董事会召集，董事长马卓先生主持本次会议，本次会议以现 场和通讯相结合的方式召开，采取现场与网络 ...

Core Insights - The steel industry is experiencing a dual decline in supply and demand, with structural optimization and marginal profit improvement. Supply side: total contraction and structural differentiation, with capital expenditure continuing to show weak growth. The steel industry's capital expenditure has been slowing for four consecutive years, entering negative growth in 2025 due to multiple factors including "anti-involution" policies, a downturn in the real estate sector, and limited infrastructure support [2][10] - The domestic crude steel consumption has decreased significantly, with a 6.4% year-on-year decline in demand from January to October 2025, amounting to 710 million tons. The demand in traditional steel usage areas remains weak, particularly in real estate and infrastructure [2][32] - Exports have become a crucial support for the steel industry, with steel exports reaching 97.74 million tons from January to October 2025, a 6.4% increase year-on-year. The total annual export volume is expected to exceed 110 million tons, effectively offsetting the pressure from declining domestic demand [2][48] Group 1: Marginal Improvement in the Steel Industry - The average steel price has continued to decline, with the comprehensive price index for ordinary steel dropping to 3,447 yuan/ton as of November 24, 2025, down approximately 200 yuan from the year's peak [10][60] - The profit margin of the steel industry has shown significant improvement, with the gross profit margin reaching 6.4% in Q3 2025, marking a recovery from the low levels seen since 2022 [13][15] - The proportion of loss-making enterprises in the steel industry has slightly decreased but remains high at 37.18%, indicating ongoing challenges within the industry [17] Group 2: PPI Turnaround Expectations - The Producer Price Index (PPI) for the steel industry is expected to turn positive by Q2 2026, driven by improvements in supply structure and demand dynamics [53][60] - Historical data shows that the steel industry plays a significant role in PPI fluctuations, with past PPI turnarounds in 2016 and 2021 coinciding with significant steel industry performance [54][60] - The steel industry accounts for approximately 5.9% of the PPI, making its price movements critical for overall industrial price trends [53][54] Group 3: Investment Recommendations - The report suggests focusing on high-efficiency, low-emission regional leading enterprises such as Hualing Steel, Shougang, and Shandong Steel, as well as companies with strong growth potential like Baosteel and Nanjing Steel [4][60] - The steel sector is viewed as having strong "anti-involution" attributes and significant profit recovery potential, making it a strategic investment opportunity for the medium to long term [4][60] - The report emphasizes the importance of monitoring the performance of small and medium-sized steel companies, particularly those with strong earnings growth and valuation appeal [4][60]

Core Viewpoint - Fangda Carbon's participation in the restructuring of Shanshan Group and its subsidiary Ningbo Pengze is aimed at leveraging industrial synergy to enhance competitiveness in the new energy materials sector, potentially transforming both companies' market positions [1][2]. Group 1: Company Overview - Fangda Carbon is recognized as Asia's largest and a world-leading producer of high-quality carbon products, with its core product, graphite electrodes, primarily used in electric arc furnace steelmaking [2]. - The company has faced growth challenges in its traditional business due to macroeconomic fluctuations, demand adjustments, and intensified competition, prompting a strategic shift towards new energy materials as a second growth avenue [2]. Group 2: Strategic Implications - By participating as an industrial synergy partner in the restructuring, Fangda Carbon aims to strategically position itself within the new energy materials market, utilizing its products, such as coal-based needle coke and petroleum coke, which are essential precursors for lithium battery anode materials [2][3]. - The company has established a strategic partnership with CATL to co-develop lithium battery anodes and solid-state battery electrolytes, indicating a commitment to innovation and collaboration in the sector [2]. Group 3: Financial Strength and Support - As of the end of 2024, Fangda Carbon's total assets are reported at 20.372 billion yuan, with shareholders' equity at 17.494 billion yuan and a low debt-to-asset ratio of 14.13%, providing a solid financial foundation for the restructuring [3]. - The company has secured a credit limit of up to 5 billion yuan for 2025 and established a long-term mutual guarantee agreement with Fangda Special Steel, ensuring adequate funding for post-restructuring industrial empowerment and business expansion [3]. Group 4: Market Position and Challenges - Shanshan Group's subsidiary, Ningbo Shanshan, has a dual business model focusing on anode materials and polarizers, with significant market leadership in both sectors, including a leading global position in anode material shipments and the highest market share in polarizers [1]. - The restructuring process is complex, involving debt management and equity structure design, which introduces uncertainties regarding the success of Fangda Carbon's participation [3]. Additionally, the rapid technological evolution and intense competition in the new energy materials sector present ongoing challenges for both companies [3].

Summary of China Nuclear Power Tech Virtual Tour Industry Overview - **Industry**: Nuclear Power in China - **Key Companies Invited**: CGN Power, CNNP, Dongfang Electric, Harbin Electric, Neway Valve, Jiangsu Etern, FangDa Carbon, Lianchuang Optoelectronic [1] Core Insights 1. **Positive Installation Trajectory for Nuclear**: - The installation of nuclear power in China is expected to double from 2024, increasing from 4GW to an estimated 8-10GW annually over the next decade [3][10] - The nuclear generation mix is projected to reach 10% by 2035, up from 4% in 2024, driven by favorable policy support [10] 2. **Nuclear Technology Pipeline**: - A clear pipeline for nuclear technology exists over the next 30 years, with Gen. III Hualong One identified as a key enabler for China's nuclear targets by 2035 [4][11] - Gen. III SMR Linglong One and Gen. IV reactors are expected to supplement efforts to meet decarbonization needs and reduce reliance on uranium [4][11] 3. **International Opportunities**: - China is well-positioned to explore overseas opportunities in emerging markets (EM) and developed markets (DM) due to capacity availability and cost competitiveness [5][14] - The Hualong One reactor is targeted at EM countries, while the Linglong One reactor is aimed at DM countries with stable power needs [14] 4. **Cost Competitiveness**: - The upfront investment for Hualong One is estimated at US$2,200-2,600/kW, approximately 60% less than international competitors [14] - China's nuclear sector has achieved a high localization rate for core equipment, reducing supply chain disruption risks [14] 5. **Earnings Elasticity**: - Upstream supply chain players are expected to experience higher earnings elasticity compared to downstream operators, as nuclear installation volumes may be offset by lower on-grid tariffs [15] Additional Insights - **Cautious Outlook for Solar**: - The outlook for solar energy is weaker, with expectations of price cuts and lower capital expenditures due to demand weakness [2][9] - Companies like CNNP are shifting investment preferences towards offshore wind and Eastern solar projects due to changing market conditions [9] - **Investment Thresholds**: - CNNP is reassessing its renewable project pipeline based on regional implementation details, with a minimum return threshold of 6%-7% equity IRR [9] - **Future of Nuclear Fusion**: - Nuclear fusion is considered a strategic national priority for R&D, with potential breakthroughs needed for commercialization [14] This summary encapsulates the key points from the China Nuclear Power Tech Virtual Tour, highlighting the positive outlook for nuclear energy in China, the strategic positioning for international opportunities, and the contrasting challenges faced by the solar energy sector.

方大炭素新材料科技股份有限公司 2025年第二次临时股东大会会议资料 2025年12月15日 1 2025年第二次临时股东大会资料之一 方大炭素新材料科技股份有限公司 2025年第二次临时股东大会会议议程 本次股东大会所采用的表决方式是现场投票和网络投票相 结合的方式。采用上海证券交易所网络投票系统，通过交易系统 投票平台的投票时间为2025年12月15日的交易时间段，即9:15 —9:25，9:30—11:30，13:00—15:00；通过互联网投票平台的 投票时间为2025年12月15日9:15—15:00。 一、现场会议时间：2025年12月15日 15点00分。 二、现场会议地点：甘肃省兰州市红古区海石湾镇方大炭素 办公楼五楼会议室。 三、会议召集人：方大炭素董事会。 四、参会人员：股东或股东代表、董事、监事、高级管理人 员及聘请的见证律师等。 五、会议主要议程 3 （五）见证律师对本次股东大会发表见证意见； （六）签署会议决议和会议记录； （七）会议主持人宣布会议结束。 2025年第二次临时股东大会资料之二 （一）介绍议案 序号 议案名称 投票股东类型 A 股股东 非累积投票议案 1 关于取消监事会 ...

方大炭素新材料科技股份有限公司 2025年第二次临时股东大会会议资料 2025年12月15日 2025年第二次临时股东大会资料之一 1 方大炭素新材料科技股份有限公司 2025年第二次临时股东大会会议议程 本次股东大会所采用的表决方式是现场投票和网络投票相 结合的方式。采用上海证券交易所网络投票系统，通过交易系统 投票平台的投票时间为2025年12月15日的交易时间段，即9:15— 9:25，9:30—11:30，13:00—15:00；通过互联网投票平台的投票 时间为2025年12月15日9:15—15:00。 一、现场会议时间：2025年12月15日 15点00分。 二、现场会议地点：甘肃省兰州市红古区海石湾镇方大炭素 办公楼五楼会议室。 三、会议召集人：方大炭素董事会。 四、参会人员：股东或股东代表、董事、监事、高级管理人 员及聘请的见证律师等。 五、会议主要议程 （一）介绍议案 序号 议案名称 投票股东类型 A 股股东 非累积投票议案 1 关于取消监事会并修订《公司章程》的议案 √ 2 关于修订《方大炭素新材料科技股份有限公司股东会议事 规则》的议案 √ （五）见证律师对本次股东大会发表见证意见； （ ...

| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 001203 大中矿业 | | 1.98(乙 | 18.84% | -6098.37万 | -5.80% | -1.37 Z | -13.04% | | 601969 海南矿业 | | 1897.24万 | 4.88% | -753.10万 | -1.94% | -1144.13万 | -2.94% | | 600295 鄂尔多斯 | | 690.74万 | 5.36% | 905.82万 | 7.02% | -1596.56万 | -12.38% | | 600382 广东明珠 | | 199.82万 | 2.66% | -49.59万 | -0.66% | -150.23万 | -2.00% | | 000923 河钢资源 | | 40.36万 | 0.15% | 105.92万 | 0.39% | -146.27万 | -0.53% | | 601121 | 宝地 ...

Group 1 - The core viewpoint of the article emphasizes the collaboration between Yunnan Province and the Liaoning Fangda Group, focusing on various sectors such as aviation hub construction, healthcare, steel industry transformation, and cultural tourism [1] - Yunnan's advantages in location, resources, and ecology are highlighted, along with its favorable business environment, which the company aims to leverage for local development [1] - The meeting aims to deepen practical cooperation based on market-oriented and legal principles to achieve mutual benefits [1]