| 委员及薪 | | --- | | 酬与考核 | | 委员会委 | | 员 | 证券代码：600516 证券简称：方大炭素 公告编号：2026-009 方大炭素新材料科技股份有限公司 关于公司董事长和法定代表人变更的公告 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： 方大炭素新材料科技股份有限公司（以下简称公司）董事会于近日收到公司 董事长马卓先生递交的辞职报告，因工作调整，马卓先生申请辞去公司董事长、 法定代表人、第九届董事会战略委员会主任委员、提名委员会委员及薪酬与考核 委员会委员职务。辞去上述职务后，马卓先生将继续担任公司第九届董事会董事 职务。 | | | | | | 是否继 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 姓 | | | 原定任期到 | | 续在上 市公司 | 具体职务 | 是否存在 未履行完 | | 名 | 离任职务 | 离任时间 | 期日 | 离任原因 | 及其控 | （如适用） | 毕的公开 | | | | ...

证券代码 ：600516 证券简称： 方大炭素 公告编号：2026-008 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。 一、董事会会议召开情况 方大炭素新材料科技股份有限公司（以下简称公司）以通讯方式向各位董事 发出了召开第九届董事会第十八次临时会议的通知和材料。会议于 2026 年 2 月 2 日以现场和通讯表决相结合的方式召开。本次会议应出席董事 11 人，实际出 席董事 11 人；经半数以上董事共同推举张天军先生召集并主持本次会议，部分 高级管理人员列席了会议。本次董事会会议的召开符合有关法律法规和《公司章 程》的规定。 二、董事会会议审议情况 （一）审议通过《关于选举董事长和法定代表人的议案》 因工作调整，公司原董事长马卓先生申请辞去公司董事长、法定代表人、第 九届董事会战略委员会主任委员、提名委员会委员及薪酬与考核委员会委员职 务，选举张天军先生为公司第九届董事会董事长和公司法定代表人，任期自本次 董事会审议通过之日起至第九届董事会届满之日止。 表决结果：同意11票，反对0票，弃权0票。 具体内容详见2026年2 ...

Investment Rating - The report maintains a "Buy" rating for several steel companies, including Hualing Steel, Baosteel, Nanjing Steel, and others, indicating a positive outlook for their performance [2][4]. Core Insights - The report highlights that raw material inventory replenishment is nearly complete, with a focus on changes in real estate policies. It notes that steel production and apparent consumption are stabilizing, with a narrowing year-on-year decline in demand [8][32]. - The report anticipates that steel mill profits may continue to recover due to improved margins from raw material cost reductions and potential easing of real estate regulations [8][32]. Summary by Sections Domestic Steel Market - As of January 30, 2026, steel prices have decreased, with rebar priced at 3,240 CNY/ton, down 20 CNY from the previous week. Hot-rolled and cold-rolled prices also saw declines [15][16]. - The total production of major steel products reached 8.23 million tons, with an increase in inventory levels [8][32]. Profitability Analysis - The report estimates weekly gross margins for rebar, hot-rolled, and cold-rolled steel to have changed by -17 CNY/ton, +3 CNY/ton, and -19 CNY/ton respectively, indicating fluctuations in profitability [8][32]. Production and Inventory - The total inventory of major steel products rose by 222,100 tons to 8.89 million tons, with a slight decrease in steel mill inventory [8][32]. - Apparent consumption of rebar was estimated at 1.764 million tons, reflecting a decrease of 91,200 tons week-on-week [8][32]. Investment Recommendations - The report recommends several companies based on their market position: 1. Leading companies in the general steel sector: Hualing Steel, Baosteel, Nanjing Steel 2. Specialty steel sector: Xianglou New Materials, CITIC Special Steel, Fangda Special Steel 3. Pipe manufacturers: Jiuli Special Materials, Youfa Group, Changbao Co. 4. Raw material companies with clear growth: Dazhong Mining (iron ore + lithium) and Fangda Carbon [8][32].

Group 1 - The steel raw materials sector increased by 3.51% compared to the previous trading day, with Vanadium Titanium Co. leading the gains [1] - The Shanghai Composite Index closed at 4151.24, up 0.27%, while the Shenzhen Component Index closed at 14342.9, up 0.09% [1] - Key stocks in the steel raw materials sector showed significant price increases, with Steel Titanium Co. rising by 8.52% to a closing price of 4.33 [1] Group 2 - The net inflow of main funds in the steel raw materials sector was 545 million yuan, while retail investors experienced a net outflow of 496 million yuan [1] - The table of fund flows indicates that Steel Titanium Co. had a main fund net inflow of 1.83 billion yuan, but a retail net outflow of 1.62 billion yuan [2] - Other notable stocks included Hainan Mining with a main fund net inflow of 136 million yuan and a retail net outflow of 1.43 billion yuan [2]

在产学研结合方面，方大炭素与清华大学、中南大学等高校在大规格电极、核石墨等产品领域开展合 作，推进多项技术的自主研发。其中，成型自动化、可调模具等技术的应用，使生产过程更加节能高 效，产品质量稳定性得到提高，减少了生产中对人工经验的依赖，相关技术曾获得行业奖项。 中证报中证网讯（记者 何昱璞）面对2025年国内炭素行业产品价格处于低位、市场竞争较为激烈的环 境，中国证券报记者近日从方大炭素了解到，公司围绕既定的战略目标，通过技术创新推进生产智能 化、绿色化与产业融合，其直径600mm及以上大规格超高功率电极产品性能表现良好，市场竞争力得 到提升，实现了技术进展与市场发展的协同推进。 方大炭素将科技创新作为发展的重要推动力，形成了以企业为主体、高校为支撑、跨领域合作的全链条 创新体系。在跨领域合作方面，公司与宁德时代保持战略协作，围绕高比能电池相关材料开展合作，通 过人员交流、设备共享与数据互通等方式，共同推进多孔碳孔径设计、石墨烯膜热导系数、固态电解质 离子电导率等方面的研究，目前固态电解质已在实验室阶段实现较高的稳定性，为碳基材料在新能源领 域的应用积累了经验；与晶泰科技共同建设智能研究院，开发适用于炭素行 ...

2026年第一次临时股东会决议公告 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。 方大炭素新材料科技股份有限公司 重要内容提示： 证券代码：600516 证券简称：方大炭素 公告编号：2026-007 本次会议是否有否决议案：无 一、会议召开和出席情况 （一）股东会召开的时间：2026 年 1 月 26 日 （二）股东会召开的地点：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 | 1,786 | | --- | --- | | 2.出席会议的股东所持有表决权的股份总数（股） | 1,576,187,891 | | 3.出席会议的股东所持有表决权股份数占公司有表决 | 41.7356 | | 权股份总数的比例（%） | | （四）表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情 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，采取现场与网络相结合的投 ...

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2026年第一次临时股东会 的法律意见书 （2026）甘金律书字038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"）2026年第一次临时股东会（简 称"本次会议"）于2026年1月26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2026年1月9日召开的第九届董事会第十六次临时会议审议通过的议 案。 （三）公司于2026年1月10日在上海证券交易所网站（http://www.sse.com.cn） 公布的《方大炭素新材料科技 ...

Core Viewpoint - The Shanghai bulk real estate market has undergone a structural adjustment due to continuous price corrections, leading to a shift in buyer composition and transaction types, with smaller projects becoming dominant and non-traditional buyers increasing their participation [3][4]. Buyer Composition - Small to medium-sized projects priced below 500 million yuan and even 300 million yuan are becoming the main force in the market, with a notable increase in participation from private enterprises rather than traditional institutional and foreign investors [3][5]. - Domestic buyers have firmly established their dominance in the Shanghai bulk real estate market, accounting for 97% of transaction value in 2025, while foreign buyers completed only three acquisitions [7]. Transaction Trends - In 2025, the Shanghai real estate market recorded 75 bulk transactions totaling approximately 42.4 billion yuan, with over half of these transactions being below 300 million yuan [6]. - The trend indicates a preference for medium-sized, manageable projects with shorter decision-making cycles, contrasting with the previous focus on large-scale transactions [6][8]. Market Dynamics - The increase in self-use transactions among domestic buyers is significant, with about 26% of transaction value coming from companies purchasing office spaces or apartments for their own use [7]. - Judicial auction transactions accounted for about 25% of the total transaction volume, reflecting both debt pressure on existing assets and a faster pace of bad asset disposal [7]. Future Outlook - In 2026, domestic state-owned enterprises and strong private enterprises are expected to have a financing advantage, further motivating them to acquire quality cash flow assets, particularly those priced below 300 million yuan [8]. - Core properties in first-tier cities like Shanghai will continue to attract capital, with investment logic shifting towards deep operation and value reconstruction rather than solely financial returns [9].

Investment Rating - The report maintains a "Buy" rating for several key companies in the steel industry, including Hualing Steel, Baosteel, Nanjing Steel, and others, indicating a positive outlook for their performance [2][3]. Core Insights - The report highlights a tightening security expectation in the steel industry following a serious safety incident at Baogang Steel, which has led to increased scrutiny and potential impacts on production [9]. - It notes that while steel prices have decreased recently, the overall demand-supply dynamics are showing signs of marginal improvement, with steel mills expected to recover profits in the near term [9]. - The report emphasizes the shift towards high-end product exports, suggesting that leading companies will benefit from a transition from scale expansion to quality and efficiency improvements [9]. Summary by Sections Domestic Steel Market - As of January 23, 2026, steel prices have declined, with rebar priced at 3,260 CNY/ton, down 60 CNY from the previous week [15][16]. - The report indicates an increase in production, with total output for major steel products reaching 8.2 million tons, a slight increase from the previous week [9][12]. International Steel Market - The U.S. steel market shows stable prices, with hot-rolled coil prices at 1,050 USD/ton, unchanged from the previous week [27][29]. - European steel prices have seen slight increases, with hot-rolled prices rising to 745 USD/ton [27][29]. Raw Materials and Shipping Market - Domestic iron ore prices are fluctuating, with local prices for iron concentrate around 750 CNY/ton, while imported iron ore prices are showing a downward trend [31][34]. - The report notes that the shipping market has seen an increase, indicating potential cost pressures for raw material imports [31]. Production and Inventory - The report states that as of January 23, 2026, total steel inventory has increased, with social inventory rising by 21,400 tons to 8.6746 million tons [9][12]. - The production of rebar has increased to 1.9955 million tons, reflecting a recovery in output levels [9][12]. Profitability Analysis - The report provides a profitability outlook, indicating that the average gross margins for rebar and hot-rolled steel have shown fluctuations, with rebar margins decreasing by 8 CNY/ton [9][12]. - It suggests that the profitability of steel mills is expected to improve as demand conditions stabilize [9].

Core Viewpoint - The A-share steel sector experienced a strong short-term rally, with significant upward movement in stock prices and a notable release of profit potential, driven by key stocks like JiuGang Hongxing and Wujin Stainless Steel reaching their daily limits [1] Group 1: Market Performance - The steel sector saw widespread gains, with multiple core stocks such as Dazhong Mining, Fushun Special Steel, and Shagang Co. participating in the upward trend, indicating a collective rise in the sector [1] - The rally was supported by a favorable funding environment, as the black commodity futures market showed overall gains, enhancing investor sentiment towards the steel sector [1] Group 2: Policy and Regulatory Support - The Ministry of Finance introduced policies to address low-price competition in government procurement, effective from February 1, 2026, which is expected to stabilize steel prices and support profitability for steel companies [2] - New capacity control policies are being proposed to phase out inefficient production, favoring companies with low emissions and high-end products, which will enhance industry concentration and strengthen leading enterprises [2] Group 3: Cost and Profitability Factors - The supply of iron ore is steadily increasing, and domestic resource development is intensifying, leading to a stabilization in iron ore prices, which will help steel companies reduce production costs and restore profit margins [3] - The stable supply and low prices in the coking coal sector also contribute to a favorable cost environment for steel producers [3] Group 4: Demand Drivers - The demand for steel in the electric vehicle sector is expected to grow significantly, with a projected increase of over 4% in automotive steel demand by the second half of 2025, benefiting the steel industry [4] - The shipbuilding industry is witnessing a recovery, with an anticipated growth rate of over 6% in steel demand for shipbuilding by the second half of 2025, driven by high-value steel requirements for advanced vessels [4] - Infrastructure investment is projected to maintain a growth rate of over 5% year-on-year, with increasing demand for high-strength and corrosion-resistant steel materials, solidifying the steel sector's role as a core support for demand [4]