北京市嘉源律师事务所 关于中复神鹰碳纤维股份有限公司 2026 年第一次临时股东会的 法律意见书 嘉源律师事务所 JIA YUAN LAW OFFICES 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 官师事务所 YUAN LAW OFFICES 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致:中复神鹰碳纤维股份有限公司 中复神鹰 2026 年第一次临时股东会 北京市嘉源律师事务所 关于中复神鹰碳纤维股份有限公司 2026年第一次临时股东会的法律意见书 嘉源(2026)-04-017 北京市嘉源律师事务所(以下简称"本所")接受中复神鹰碳纤维股份有限公 司(以下简称"公司")的委托,根据《中华人民共和国公司法》(以下简称"《公 司法》")《上市公司股东会规则》(以下简称"《股东会规则》")等现行有效 的法律、行政法规、部门规章、规范性文件(以下简称"法律法规")以及《中复 神鹰碳纤维股份有限公司章程》(以下简称"《公司章程》")的有关规定,指派 本所律师对公司 2026年第一次临时股东会(以下简称"本 ...

证券代码：688295 证券简称：中复神鹰 公告编号：2026-002 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2026 年 1 月 13 日 （二） 股东会召开的地点：江苏省连云港市经济技术开发区大浦工业区公司会 议室 中复神鹰碳纤维股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示： （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 93 | | --- | --- | | 普通股股东人数 | 93 | | 2、出席会议的股东所持有的表决权数量（股） | 797,302,381 | | 普通股股东所持有表决权数量（股） | 797,302,381 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比例（%） | 88.5891 | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 88.5891 | （注：所持 ...

Investment Rating - The industry investment rating is "Positive" and maintained [11] Core Viewpoints - Focus on upstream materials for commercial aerospace, with a strong recommendation for UTG glass due to its significant market potential [6][2] - The cement market is experiencing seasonal declines in shipments, while glass inventory has decreased month-on-month [8] - For 2026, three main lines of opportunity are identified: stock chain, Africa chain, and AI chain [9] Summary by Relevant Sections Cement Market - After the New Year, domestic cement market demand continues to weaken due to factors like funding shortages and temperature drops, with key enterprises' shipment rates around 39%, down 1.5 percentage points month-on-month [8] - National cement prices have slightly declined, with price drops observed in regions like Zhejiang, Sichuan, Yunnan, and Xinjiang, ranging from 10 to 30 yuan per ton [23] - The national average cement price is 357.26 yuan per ton, a decrease of 0.32 yuan month-on-month [24] Glass Market - The domestic float glass market has seen a slight rebound in prices, driven by speculative demand, with a total inventory reduction of 183 million weight boxes, a decrease of 3.40% [8][36] - The average price of glass is 61.99 yuan per weight box, up 0.05 yuan month-on-month, but down 12.44 yuan year-on-year [36] - The production capacity of float glass has decreased, with 209 out of 262 production lines operational, resulting in a daily melting capacity of 149,535 tons [8] Investment Opportunities - UTG glass is projected to have a demand of approximately 1.2 million square meters based on the forecast of 6,000 satellites launched annually, translating to a market space of 6 billion yuan [6] - Carbon fiber demand is estimated at around 1,000 tons for satellite applications, with high profit elasticity due to the use of high-modulus series [7] - The report highlights three main investment themes for 2026: optimizing demand and supply in the stock chain, leveraging growth in the African market, and capitalizing on the upgrade trend in AI electronic fabrics [9]

Group 1 - The chemical fiber sector experienced a rise of 0.95% on January 12, with Jilin Carbon Valley leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] - Notable gainers in the chemical fiber sector included Jilin Qigu, which rose by 11.03% to a closing price of 20.14, and Zhongfu Shenying, which increased by 7.71% to 35.36 [1] Group 2 - The chemical fiber sector saw a net outflow of 180 million yuan from main funds, while retail investors contributed a net inflow of 271 million yuan [2] - The trading volume for Jilin Carbon Valley was 349,300 shares, with a transaction value of 672 million yuan, indicating strong investor interest [1][2] - The stock performance of other companies in the sector varied, with some experiencing declines, such as Montai High-tech, which fell by 7.82% to 32.05 [2] Group 3 - Jilin Carbon Valley had a main fund net inflow of 43.32 million yuan, while retail investors showed a net outflow of 834,500 yuan [3] - The main fund net inflow for Sanfangxiang was 33.51 million yuan, but retail investors faced a net outflow of 25.85 million yuan [3] - The overall trend indicates a mixed sentiment among different investor types within the chemical fiber sector [3]

Investment Rating - The industry investment rating is "Recommended" (maintained) [1] Core Insights - The new materials sector is a crucial direction for the chemical industry, currently experiencing rapid growth in downstream demand. With policy support and technological breakthroughs, domestic new materials are expected to accelerate their long-term growth. The report emphasizes that "one generation of materials leads to one generation of industries," highlighting the foundational nature of the new materials industry as the material basis for other industries [5][15]. Summary by Relevant Sections 1. Electronic Information Sector - Focus on semiconductor materials, display materials, and 5G materials [6] - Recent developments include NVIDIA's announcement of its new AI supercomputing platform, Vera Rubin, which has entered full production. The platform features six independent chips, with the Rubin GPU achieving a peak computing power of 50 Petaflops and a training performance 3.5 times that of its predecessor [7][37]. 2. Aerospace Sector - Focus on PI films, precision ceramics, and carbon fiber [8] - The successful acquisition of a production license for the AS700 manned airship marks a significant milestone for China's aerospace industry, indicating a shift towards standardized and commercialized production [9][10]. 3. New Energy Sector - Focus on photovoltaics, lithium-ion batteries, proton exchange membranes, and hydrogen storage materials [10] - A notable development is the introduction of the world's first all-solid-state battery by a Finnish startup, set to enter OEM mass production [11]. 4. Biotechnology Sector - Focus on synthetic biology and scientific services [12] - Beijing's economic development zone has announced measures to support the innovation and development of the synthetic biology manufacturing industry, aiming to establish a globally influential industry cluster by 2028 [13]. 5. Energy Conservation and Environmental Protection Sector - Focus on adsorbent resins, membrane materials, and biodegradable plastics [14] - The Guangxi government has issued a plan for green mine construction, aiming for over 90% of large and medium-sized mines to meet green standards by the end of 2028 [15]. 6. Industry Rating and Investment Strategy - The new materials sector is expected to benefit from the catalytic effects of downstream application sectors, gradually entering a prosperous cycle, thus maintaining a "Recommended" rating for the new materials industry [15].

Investment Rating - The report maintains an "Optimistic" rating for the chemical industry [3][4]. Core Insights - The macroeconomic outlook for the chemical industry indicates a stable increase in oil demand due to global economic recovery, with Brent crude oil expected to remain in the range of $55-70 per barrel [3][4]. - The report highlights the implementation of differentiated electricity pricing for high-energy-consuming industries in Shaanxi Province, which may accelerate capacity elimination in these sectors [3][4]. - The organic silicon industry is expected to see price increases, with DMC prices projected to rise to 14,000 yuan per ton due to tightening supply and pre-holiday inventory buildup [3][4]. - The commercial aerospace sector is experiencing significant growth, with a notable increase in satellite launches and approvals for new satellite constellations [3][4]. Summary by Sections Macro Economic Analysis - Oil supply is constrained due to OPEC+ production delays and peak shale oil output, while demand is stabilizing with tariff adjustments and economic improvements [3][4]. - Coal prices are expected to stabilize at a low level, alleviating pressure on downstream industries [3][4]. - Natural gas exports from the U.S. are anticipated to increase, potentially lowering import costs [3][4]. Industry Dynamics - The report discusses the differentiated electricity pricing policy in Shaanxi, which could lead to accelerated capacity elimination in high-energy-consuming industries [3][4]. - The organic silicon sector is highlighted for its potential price increases due to supply constraints and rising demand [3][4]. - The commercial aerospace industry is set for rapid growth, with significant satellite launches expected in the coming years [3][4]. Investment Recommendations - The report suggests focusing on sectors benefiting from the "anti-involution" policies, including textiles, agriculture, and export-related chemicals [3][4]. - Specific companies to watch include: - Textile Chain: LUXI Chemical, Tongkun Co., and others [3][4]. - Agriculture Chain: Hualu Hengsheng, Baofeng Energy, and others [3][4]. - Export-related Chemicals: Juhua Co., Wanhu Chemical, and others [3][4]. - Emphasis is placed on key materials for growth, particularly in semiconductor and battery materials [3][4].

Core Viewpoint - Zhongfu Shenying (688295.SH) announced a share reduction by Lianyungang Yingyou Textile Machinery Group Co., Ltd., which decreased its shareholding from 26.67% to 26.00% [1] Group 1 - Yingyou Group reduced its holdings by a total of 5.9903 million shares, accounting for 0.67% of the company's total share capital [1] - The share reduction occurred between January 5, 2026, and January 9, 2026, through centralized bidding transactions [1] - This change in equity holding triggered a threshold of 1% [1]

Core Viewpoint - Zhongfu Shenying (688295.SH) announced a share reduction by Lianyungang Yingyou Textile Machinery Group Co., Ltd., which decreased its shareholding from 26.67% to 26.00% [1] Group 1 - Yingyou Group reduced its holdings by a total of 5.9903 million shares, accounting for 0.67% of the company's total share capital [1] - The share reduction occurred between January 5, 2026, and January 9, 2026, through centralized bidding transactions [1] - The equity change triggered a threshold of 1% [1]

证券代码：688295 证券简称：中复神鹰 公告编号：2026-001 中复神鹰碳纤维股份有限公司 关于股东权益变动触及 1%刻度的提示性公告 连云港鹰游纺机集团有限公司及其一致行动人海南鹰游科技有限公司保证向本公 司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ 比例减少☑ | | --- | --- | | 权益变动前合计比例 | 26.67% | | 权益变动后合计比例 | 26.00% | | 本次变动是否违反已作出的承诺、意向、计划 | 是□ 否☑ | | 是否触发强制要约收购义务 | 是□ 否☑ | 一、 信息披露义务人及其一致行动人的基本信息 | 信息披露义务人名称 | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | | | □ 控股股东/实控人 | | | 连云港鹰游纺机 | | 913207001390083573 ☑ | | 集团有限公司 | □ 控股股东/实控人的一致行动人 | □ 不适用 | | | 其他直接持股股东 ☑ ...

Core Viewpoint - The announcement from Zhongfu Shenying indicates a planned reduction in shareholding by Lianyungang Yingyou Textile Machinery Group Co., Ltd., which will not affect the control of the company [1] Group 1 - Lianyungang Yingyou Textile Machinery Group Co., Ltd. will reduce its holdings by 5,990,306 shares, accounting for 0.67% of the total share capital [1] - The combined shareholding of Yingyou Group and its concerted party, Hainan Yingyou Technology Co., Ltd., will decrease from 26.67% to 26.00%, reaching a 1% integer threshold [1] - This reduction is part of a previously announced plan and has not yet been fully executed [1]