Group 1: AI and Power Equipment - Alphabet plans to raise $20 billion through bond issuance, exceeding previous expectations, to invest heavily in data centers crucial for its AI strategy [1] - The global demand for high-power, stable electricity supply for AI computing is increasing, leading to a supply-demand gap in high-voltage power equipment [1] - TBEA is a leading private transformer manufacturer in China, capable of integrated services in high-voltage cables and accessories [2] Group 2: AI and Security - The integration of AI into cybersecurity is creating new opportunities, with safety and trust becoming core themes in the industry [3] - The implementation of new cybersecurity regulations in China marks a shift towards more detailed governance in the sector [3] - Anheng Information has launched China's first AI security agent, enhancing its capabilities in various security scenarios [4] Group 3: Metal Prices - The price of indium has surged to its highest level in over a decade, with a significant increase of 88% from 2500 RMB/KG to 4700 RMB/KG [5] - China accounts for 70% of global indium production, and the supply growth has been limited, indicating potential for further price increases [5] - Xiyang Co. holds the largest indium resource reserves globally, producing 101.62 tons of indium [5] Group 4: Tourism Industry - The domestic tourism market is expected to see a 300% increase in planned trips during the upcoming Spring Festival, indicating a strong recovery [6] - Companies like Sanxia Tourism are expanding their offerings to meet diverse consumer demands, including high-end cruise services [7] Group 5: AI Content Creation - Reading Group is focusing on AI-driven content creation, aiming to enhance the efficiency and value of IP development [8] - Daily Interactive provides data intelligence services, catering to the short video and short drama sectors [9] Group 6: Automotive Industry - The Ministry of Commerce is implementing measures to boost automotive consumption, including trade reforms and policies to support vehicle replacement [11] - Companies like Feilong Co. and Xingyu Co. are positioned to benefit from the anticipated growth in the automotive sector [11]

证券代码：688480 证券简称：赛恩斯 赛恩斯环保股份有限公司 2026 年第二次临时股东会会议资料 2026 年 2 月 1 目录 | 2026 | 年第二次临时股东会会议须知 3 | | | --- | --- | --- | | 2026 | 年第二次临时股东会议程 | 5 | | 2026 | 年第二次临时股东会会议议案 7 | | | 议案一、关于新增 | 2026 年度日常关联交易预计的议案 | 7 | 2 赛恩斯环保股份有限公司 2026 年第二次临时股东会会议须知 为维护全体股东的合法权益，确保本次股东会的正常秩序和议事效率，保 证会议的顺利召开，根据《中华人民共和国公司法》《上市公司股东会规则》 《公司章程》和公司《股东会议事规则》等规定，特制定会议须知如下： 五、本次会议审议议案，采取现场记名投票结合网络投票的方式进行表决。 股东和授权代理人办理签到手续后，因特殊情况需要在表决前离开会场的，须 填好表决票交会议工作人员后离场，以免影响表决结果统计。未填、错填、字 3 迹无法辨认的表决票或未投的表决票均视为投票人放弃表决权利,其所持股份数 的表决结果计为"弃权"。 六、为保证股东会的严肃性 ...

Summary of Conference Call Notes Company and Industry Overview - The conference call discusses the operations and strategies of a company involved in the mining and metallurgy sector, specifically focusing on molybdenum and rhenium extraction from copper mines, particularly the Giant Dragon Copper Mine [1][2]. Key Points and Arguments Rhenium and Molybdenum Production - The Giant Dragon Copper Mine has a moderate to high rhenium content of approximately 200 grams per ton, with a potential total rhenium resource of about 560 kilograms [2][3]. - The company operates under a light asset model, purchasing molybdenum concentrate for smelting, which allows for stronger control over rhenium resource acquisition [2][6]. - Current daily processing costs for waste acid recovery are around 2 million yuan, excluding depreciation [2][6]. Production Capacity and Expansion - The annual copper production from the Giant Dragon Copper Mine is estimated at 30,000 to 40,000 tons, with existing rhenium production capacity of 4,000 to 5,000 tons, indicating significant future expansion potential [2][10]. - The company is collaborating with Jilin Zijin and Heilongjiang Zijin for copper smelting, aiming for an annual rhenium output of about 3 tons [2][11]. Strategic Partnerships and Supply Chain - The company emphasizes strategic partnerships to ensure stable supply chains, particularly through deep binding in the smelting process [2][8]. - Future collaborations with Zijin Mining will depend on market conditions and further negotiations [3][4]. Market Dynamics and Pricing - Rhenium prices are expected to rise due to demand from the aerospace and gas turbine sectors, with a long-term upward price cycle anticipated [4][19]. - The company currently holds an inventory of approximately 500 kilograms of rhenium, primarily for downstream processing preparation [21]. Technological and Operational Advantages - The company has over ten years of experience in ammonium molybdate recovery processes and collaborates closely with Central South University for technology and process optimization [2][16]. - The company plans to expand its business through various models such as EPC+O and BOT, ensuring stable raw material supply and extending the industrial chain downstream [2][16]. Product Development and Market Position - The company is expanding its production of copper extractants to 7,000 tons, with plans for an additional 5,000 tons, although this expansion is not expected to be operational until 2026 [27]. - The flotation reagent business focuses on copper, lead, and zinc mining needs, with significant advancements in environmentally friendly flotation agents [26][30]. Other Important Information - The company is currently evaluating the feasibility of self-built production capacity to enhance cooperation and control over resources [7][10]. - The copper smelting collaboration with Jilin Zijin and Heilongjiang Zijin is progressing, with the latter expected to start production in the first half of 2026 [20]. - The company’s procurement strategy is based on market pricing, ensuring transparency and competitiveness in transactions [9]. This summary encapsulates the key insights from the conference call, highlighting the company's strategic direction, market positioning, and operational capabilities in the mining and metallurgy sector.

Market Performance - The environmental governance sector increased by 1.66% on February 3, with Sains leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] Top Gainers in Environmental Governance Sector - The top-performing stocks included: - Sains (688480) with a closing price of 81.99, up 13.25% and a trading volume of 39,500 shares, totaling 313 million yuan [1] - Zhonglan Environmental (300854) at 23.62, up 7.46% with 63,300 shares traded, amounting to 148 million yuan [1] - Shanghai Xianba (603200) at 81.85, up 6.28% with 70,000 shares traded, totaling 560 million yuan [1] Decliners in Environmental Governance Sector - Notable decliners included: - Xuelang Environment (300385) at 11.34, down 1.99% with a trading volume of 250,700 shares, totaling 278 million yuan [2] - Guozhong Water (600187) at 2.12, down 1.85% with 973,700 shares traded, amounting to 206 million yuan [2] - Delinhai (688069) at 23.98, down 1.07% with 20,800 shares traded, totaling 50.4 million yuan [2] Capital Flow in Environmental Governance Sector - The environmental governance sector saw a net inflow of 130 million yuan from institutional investors, while retail investors experienced a net outflow of 54.53 million yuan [2] - The main stocks with significant capital inflow included: - Fuzhijie Technology (688335) with a net inflow of 52.43 million yuan, accounting for 13.68% of the total [3] - Huicheng Environmental (300779) with a net inflow of 36.99 million yuan, representing 7.20% [3] - Gaon Environment (603588) with a net inflow of 35.59 million yuan, making up 7.46% [3]

赛恩斯(688480.SH)公告，公司开展钼加工及销售业务，主要目的为控制铼资源源头，为公司铼综合回 收提供持续、稳定的资源保障。目前上游为生产钼精矿的有色金属矿业企业，下游为钼粉、钼铁、钼合 金、催化剂等生产加工企业。 ...

Investment Recommendations - Key companies recommended for investment include Longjing Environmental Protection, High Energy Environment, Sains, Hanlan Environment, Green Power Environmental Protection, and others [1] Companies to Watch - Companies suggested for attention include Dayu Water Saving, Lian Tai Environmental Protection, Wang Neng Environment, and others [2] Company Tracking - Jingjin Equipment is a leader in filter press with a market share of over 40%, and its new energy revenue is expected to grow as the lithium battery market recovers [3] - Longjing Environmental Protection has begun delivering pure electric mining trucks, with a projected domestic sales volume of 2,500 units in 2024 [3] - Sains is benefiting from rising rhenium prices driven by aerospace demand, with a rhenium price of 39.26 million yuan/ton expected by January 2026 [3] - High Energy Environment's performance exceeded expectations, driven by improvements in resource recycling profitability and strategic expansion into upstream mining [3] Event Tracking - The Shanghai Old Port Eco-Environmental Base has launched green methanol, marking a significant advancement in carbon utilization technology [4] Strategic Outlook for 2026 - The strategy emphasizes value and growth resonance, focusing on marketization and efficiency improvements in the solid waste sector [5] - Key recommendations include Hanlan Environment, Green Power, and others for their potential in dividend growth and operational efficiency [5] Industry Tracking - The sanitation equipment sector is seeing significant growth, with a 150% increase in unmanned sanitation project bids and a 71% increase in sales of new energy sanitation vehicles [7] - The market for biofuels remains stable, with prices for kitchen waste oil increasing by 100 yuan/ton [8] - Lithium battery recycling is experiencing price fluctuations, with carbonated lithium prices down by 6.2% as of January 30, 2026 [8]

Mergers and Acquisitions - Changling Hydraulic plans to acquire 12% of the company's shares at an offer price of 35.82 yuan per share [1] - Chip导科技 intends to purchase 100% equity of Jishun Technology for 403 million yuan and 17.15% equity of Shunlei Technology [2] Share Buybacks - Lexin Technology plans to repurchase shares worth between 50 million to 100 million yuan for employee stock ownership or equity incentives [3] - XGIMI Technology intends to repurchase shares worth between 50 million to 100 million yuan [3] - Lingyun Optical plans to change the purpose of 348.08 million shares for repurchase and cancel them [3] - Midea Group has spent 1.998 billion yuan to repurchase 0.35% of its shares [4] - GoerTek has spent 1.108 billion yuan to repurchase 1.14% of its shares [4] External Investments and Daily Operations - Weiyuan Co. has launched a 250,000 tons/year electrolyte solvent project [5] - Far East Co. signed contracts worth 3.075 billion yuan in January through its subsidiary [6] - Changchun Gaoxin's subsidiary GS3-007a has received approval for clinical trial application for a drug [7] - Aorui De plans to invest approximately 145 million yuan in purchasing computing power equipment to provide services to clients [7] - Electric Power Water Power intends to raise funds not exceeding 3.604 billion yuan through acquisition loans [7] - Guoneng Rixin plans to increase investment of 17.625 million yuan in controlling Sanas Zhihui to enhance new energy asset operation service capabilities [7] - Science plans to engage in molybdenum processing and sales to secure a stable resource supply for rhenium recycling [7] - Panlong Pharmaceutical has received approval for clinical trials of the drug Fluorobiphenyl Patch [8] - Hongxiang Co. plans to transfer 100% equity of Nantong Hanlan New Energy for 120 million yuan [9] - Daon Co. intends to acquire equity in a Vietnamese company for a total purchase price of approximately 15.737 million USD [10] Performance Changes - Shanghai Yizhong expects a net profit of 64.132 million yuan in 2025, a year-on-year increase of 819.42%, with its core product, injectable paclitaxel polymer micelles, included in the national medical insurance directory [11] - Lianyun Technology anticipates a 20.36% year-on-year increase in net profit in 2025, driven by growth in data storage main control chips [12]

格隆汇2月2日丨赛恩斯(688480.SH)公布，公司开展钼加工及销售业务，主要目的为控制铼资源源头， 为公司铼综合回收提供持续、稳定的资源保障。本次公司开展新业务为开展钼加工及销售业务，通过钼 加工综合回收铼。目前上游为生产钼精矿的有色金属矿业企业，下游为钼粉、钼铁、钼合金、催化剂等 生产加工企业。 公司拟通过利用钼精矿加工企业（简称"合作方"）生产线加工钼精矿，同步投入铼综合回收设备，对其 加工过程产生的铼资源进行有效回收。目前公司已与合作方就该业务合作事项达成一致意向，钼精矿加 工过程由合作方全面负责生产管理，公司负责该加工生产过程的监督以及铼综合回收设备投入、运营等 事项。公司开展新业务将配备相应专属生产、管理团队，不会对公司现有主营业务的稳健性构成不利影 响。开展新业务后，公司实际控制人对公司的控制情况也不会发生变化。 ...

相关风险提示：预计 2026 年度新业务会产生销售收入，但对公司营业收 入影响较小。新业务的长期前景与宏观经济增长、行业政策导向密切相关。未来 公司在实际经营中，可能出现相关风险,具体详见后文"四、开展新业务主要风 险分析"，敬请广大投资者理性投资，并注意投资风险。 一、新业务基本情况 （一）新业务的类型 公司开展钼加工及销售业务，主要目的为控制铼资源源头，为公司铼综合回 收提供持续、稳定的资源保障。 证券代码：688480 证券简称：赛恩斯 公告编号：2026-003 赛恩斯环保股份有限公司 关于公司开展新业务的公告 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、准确性和完整性依法承担法律责任。 重要内容提示 公司新业务为开展钼加工及销售业务，通过钼加工综合回收铼。 二、开展新业务的合理性及必要性分析 （一）新业务的背景和必要性 铼作为一种稀散金属，单一成矿难度大，储量稀少，主要伴生于斑岩型铜钼 矿、辉钼矿。由于铼的特性，决定了其生产仅能通过在铜、钼选矿环节随主矿富 集产出。开展钼加工及销售业务，通过钼加工过程综合回收铼是公司围绕"矿冶 环保+新材料" ...

证券代码：688480 证券简称：赛恩斯 公告编号：2026-002 赛恩斯环保股份有限公司 重要内容提示： 是否需要提交股东会审议：是。 新增日常关联交易对上市公司的影响：赛恩斯环保股份有限公司（以下 简称"公司"、"赛恩斯"）本次预计的关联交易属于公司日常关联交易，基 于公平合理的原则，交易价格以市场价格为基础，付款安排、结算方式等由双 方参照市场行业惯例，经协商确定，不存在损害公司和全体股东利益的行为， 不影响公司的独立性，不会对关联方形成较大的依赖。 一、日常关联交易基本情况 关于公司增加 2026 年度日常关联交易预计的公告 （一）日常关联交易履行的审议程序 公司于 2025 年 12 月 15 日召开了第三届董事会第二十三次会议、第三届董 事会独立董事专门会议第五次会议、于 2026 年 1 月 5 日召开了 2026 年第一次 临时股东会，审议通过了《关于公司 2026 年度日常关联交易预计的议案》，详 见公司在上海证券交易所网站（http://www.sse.com.cn）披露的《赛恩斯环保 股份有限公司关于公司 2026 年度日常关联交易预计的公告》《赛恩斯环保股份 有限公司 2026 年第 ...