证券代码：000969 证券简称：安泰科技 公告编号：2025-014 安泰科技股份有限公司 第九届董事会第四次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 安泰科技股份有限公司第九届董事会第四次会议通知于 2025 年 4 月 15 日 以书面或邮件形式发出。据此通知，会议于 2025 年 4 月 24 日以现场及通讯方式 召开，会议应出席董事 9 名，实际亲自出席 9 名。会议的召开符合有关法律、行 政法规、部门规章、规范性文件和公司章程的规定。 赞成 9 票；反对 0 票；弃权 0 票。 相关内容详见公司 2025 年 4 月 28 日在巨潮资讯网刊登的《安泰科技股份 有限公司 2025 年第一季度报告》。 2、《关于限制性股票激励计划首次授予部分第一个解除限售期解除限售条 件成就的议案》 赞成 7 票；反对 0 票；弃权 0 票；回避表决 2 票。（公司关联董事李军风 先生、毕林生先生为本次激励计划的激励对象，对本议案回避表决。） 相关内容详见公司 2025 年 4 月 28 日在巨潮资讯网刊登的《安泰科技股份 有限公司关于限制性股票激 ...

| 名称 持有数量(万股) | | 占总股本比 | 增减情况 | | --- | --- | --- | --- | | | | 例(%) | (万股) | | 中国钢研科技集团有限公司 | 36436.67 | 35.51 | 不变 | | 香港中央结算有限公司 | 1776.98 | 1.73 | 200.61 | | 刁其合 | 1680.36 | 1.64 | -8.00 | | 招商银行股份有限公司-南方中证1000交易型开放式指数 证券投资基金 | 549.54 | 0.54 | -57.97 | | 前海开源基金-农业银行-中国钢研科技集团有限公司 | 484.49 | 0.47 | 不变 | | 郑刚 | 470.55 | 0.46 | 不变 | | 郑文宝 | 387.71 | 0.38 | 新进 | | 郑建华 | 369.50 | 0.36 | -11.50 | | 王宏友 | 345.00 | 0.34 | -25.90 | | 中国建设银行股份有限公司-嘉实中证稀土产业交易型开 | | | | | 放式指数证券投资基金 | 306.42 | 0.30 | -6.90 | | 较上个报 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [2]. Core Insights - The company is focusing on its core business by divesting its stake in Antai Environment, leading to stable profit growth in 2024. It is projected to achieve a revenue of 7.573 billion yuan, a decrease of 7.50% year-on-year, while the net profit attributable to shareholders is expected to rise by 49.26% to 372 million yuan [2][9]. - The company has shown strong growth in its amorphous materials segment, with new contract amounts exceeding 1.17 billion yuan, a year-on-year increase of 33% [7]. Financial Performance - In 2024, the company reported a revenue of 7.573 billion yuan, with a net profit of 372 million yuan, reflecting a significant increase of 49.26% year-on-year. The gross profit margin was 17.54%, slightly down by 0.02 percentage points [2][11]. - The fourth quarter of 2024 saw a revenue of 1.720 billion yuan, a decline of 19.74% year-on-year, and a net profit of 32 million yuan, down 40.22% year-on-year [3]. - The advanced functional materials and devices segment generated 2.803 billion yuan in revenue, a decrease of 9.89% year-on-year, while the powder metallurgy materials segment saw a revenue increase of 3.97% to 2.962 billion yuan [4]. Product Segment Performance - The advanced functional materials and devices segment had a gross margin of 17.12%, while the powder metallurgy materials segment improved its gross margin to 20.06%, an increase of 1.99 percentage points [4]. - The environmental and high-end technology services segment experienced a significant revenue drop of 75.81% to 158 million yuan, primarily due to the divestiture of Antai Environment [4]. Future Projections - The company is expected to achieve revenues of 8.542 billion yuan, 9.746 billion yuan, and 10.764 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding net profits of 343 million yuan, 424 million yuan, and 495 million yuan [9][11]. - The projected price-to-earnings ratios for 2025, 2026, and 2027 are 35, 28, and 24 times, respectively [9].

Meeting Overview - The annual general meeting of Antai Technology Co., Ltd. was held on April 18, 2025, at the company headquarters in Beijing, combining both on-site and online voting methods [1][2] - A total of 484 shareholders attended the meeting, representing 393,732,811 shares, which accounts for 37.4727% of the total voting shares [2] Attendance Details - Out of the attendees, 4 shareholders participated in on-site voting, representing 381,186,642 shares (36.2787% of total voting shares) [3] - 480 shareholders participated via online voting, representing 12,546,169 shares (1.1941% of total voting shares) [4] - Among the small shareholders, 483 participated, representing 29,366,087 shares (2.7949% of total voting shares) [5] Resolutions Passed - The following resolutions were approved during the meeting: 1. **2024 Annual Report**: Approved by 391,118,409 shares (99.3360% of votes) [10] 2. **2024 Board of Directors' Work Report**: Approved by 391,112,309 shares (99.3344% of votes) [12] 3. **2024 Financial Settlement Report**: Approved by 391,112,909 shares (99.3346% of votes) [14] 4. **2024 Profit Distribution Plan**: Approved by 391,144,309 shares (99.3426% of votes) [16] 5. **2025 Annual Routine Related Transactions Estimate**: Approved by 26,713,085 shares (90.9658% of votes) [19] 6. **2024 Supervisory Board Work Report**: Approved by 391,130,709 shares (99.3391% of votes) [21] Legal Compliance - The meeting complied with relevant laws and regulations, including the Company Law and the rules set by the China Securities Regulatory Commission [2][23]

证券代码：000969 证券简称：安泰科技 公告编号：2025-013 安泰科技股份有限公司 2024 年度股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决议案的情形； 2、本次股东大会未涉及变更前次股东大会决议。 3、安泰科技、公司、本公司：安泰科技股份有限公司 一、会议召开和出席情况 1、会议召开情况 （1）现场会议时间：2025 年 4 月 18 日（周五）下午 14:00 （2）召开地点：公司总部会议室（北京市海淀区学院南路 76 号） （3）召开方式：现场投票与网络投票相结合 网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为： 2025 年 4 月 18 日上午 9:15-9:25，9:30-11:30，下午 13:00-15:00。通过深圳证券 交易所互联网投票系统投票的具体时间为：2025 年 4 月 18 日 9:15-15:00 期间的 任意时间。 （4）会议召集人：公司董事会。本次会议的召开已经公司第九届董事会第 三次会议审议通过召开本次股东大会的议案。 （5）现场会议 ...

邮编:100022 电话：(010)65219696 传真：（010）88381869 法律意见书 北京海润天睿律师事务所 关于安泰科技股份有限公司 2024 年度股东大会的法律意见书 中国·北京 北京市朝阳区建外大街甲 14 号广播大厦 5&9&10&13&17 层 北京海润天睿律师事务所 关于安泰科技股份有限公司 2024 年度股东大会的法律意见书 致：安泰科技股份有限公司 北京海润天睿律师事务所（以下简称"本所"）接受安泰科技股份有限公司 （以下简称"公司"）的委托，指派律师张阳、杜羽田出席公司 2024 年度股东 大会，并依据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市 公司股东大会规则》（以下简称"《股东大会规则》"）等法律法规、规范性文 件及《安泰科技股份有限公司公司章程》（以下简称"《公司章程》"）的有关 规定，对本次股东大会相关事项依法进行见证并发表法律意见。 为出具本法律意见书，本所律师出席了公司本次股东大会，审查了公司提供 的召开本次股东大会的有关文件。公司已向本所及本所律师承诺，其所提供的文 件和所作的陈述、说明是完整、真实和有效的，无任何隐瞒、遗漏，并据此出具 法律意见。 ...

Financial Performance - In 2024, the company achieved operating revenue of 7.573 billion CNY, with a new contract amount of 8.11 billion CNY and a net profit attributable to shareholders of 372 million CNY [1] - The operating cash flow reached 770 million CNY, and the asset-liability ratio remained stable at 42.68% [1] Tungsten and Molybdenum Industry - The tungsten and molybdenum sector generated significant revenue despite facing pressure from downstream industries, achieving an operating income of 1.022 billion CNY and a net profit of 202.29 million CNY [2] - The company participated in 13 national-level research innovation projects and obtained 8 new invention patents [2] Rare Earth Permanent Magnet Materials - The rare earth permanent magnet materials sector reported operating revenue of 1.716 billion CNY and a net profit of 88.21 million CNY, showing a decline due to raw material price fluctuations [3] - The production volume reached 6,000 tons, with a steady increase in market share [3] Controlled Nuclear Fusion Industry - The company is the first in China to produce fusion tungsten-copper filters, achieving a closed-loop production process [4] - It has received high recognition from international clients, supplying multiple batches of tungsten-copper products for projects like ITER [4] 2025 Development Plan - The company aims to complete the "14th Five-Year Plan" strategic goals and tasks, focusing on sustainable high-quality development [5] - Key areas of focus include high-end medical equipment, semiconductor applications, and the development of strategic emerging industries [5] Technological Advancements - The company plans to enhance its participation in national-level R&D platforms and strengthen its technological foresight [6] - It aims to improve smart manufacturing capabilities and promote green development initiatives [7]

Investment Rating - The investment rating for the company is "Buy" with a 6-month outlook maintained [5]. Core Views - The company's core industries are showing steady progress, with a focus on enhancing quality and efficiency in key sectors, particularly in high-performance materials and rare earth permanent magnets [2][4]. - The company is actively pursuing technological innovations to counteract the pressures from certain downstream industries, aiming for revenue growth and stable profitability [2]. - The company is building a "second growth curve" by investing in strategic emerging industries such as special powders and materials for controlled nuclear fusion, which are expected to inject new momentum into its development [4]. Financial Performance - In 2024, the company is projected to achieve revenue of 75.73 billion yuan, a year-over-year decrease of 7.5%, while the net profit attributable to the parent company is expected to be 3.72 billion yuan, reflecting a year-over-year increase of 49.26% [1]. - The fourth quarter of 2024 is anticipated to see revenue of 17.2 billion yuan, down 19.74% year-over-year and 10.96% quarter-over-quarter, with a net profit of 0.32 billion yuan, down 40.22% year-over-year and 45.70% quarter-over-quarter [1]. - The company’s EBITDA for 2024 is estimated at 1.18 billion yuan, with a projected net profit of 372.4 million yuan for the same year [11]. Industry Position - The company maintains a stable market share in the rare earth permanent magnet sector, with ongoing investments in high-performance materials and smart manufacturing [2]. - The company has successfully completed the acceptance of a 5,000-ton high-end rare earth permanent magnet product project, further solidifying its market position [2]. - The company is also expanding its presence in the controlled nuclear fusion sector, focusing on enhancing product technology and international collaboration [3]. Future Outlook - The company’s profit forecast for 2025-2027 has been adjusted, with expected net profits of 3.20 billion yuan, 3.47 billion yuan, and 3.92 billion yuan respectively, reflecting a cautious outlook amid industry competition and raw material price fluctuations [4]. - The projected price-to-earnings ratios for 2025, 2026, and 2027 are 39.35, 36.33, and 32.17 respectively, indicating a positive long-term growth potential [4].

Core Viewpoint - Company is actively involved in various sectors including new energy vehicles, nuclear power, and medical equipment, showcasing its diverse product applications and ongoing projects [2][3]. Group 1: Company Operations - Company reported a stock price of 13.33 yuan as of April 3, 2025, with a decrease of 1.41% and a trading volume of 527,300 shares, amounting to a total transaction value of 712 million yuan [1]. - Company has a production capacity of 12,000 tons for rare earth permanent magnets, with specific allocations of approximately 3,000 tons in Beijing, 6,000 tons in AnTai North (including Ningbo branch), and 3,000 tons in AnTai Aike [2]. - Company is the sole supplier for core components in controlled nuclear fusion, providing specialized tungsten-copper parts for fusion devices, indicating a strong position in future energy solutions [3]. Group 2: Product Applications - Company’s products are utilized in various fields such as power distribution, electric vehicles, and medical devices, with a focus on high-performance materials like amorphous alloys and rare earth magnets [2][3]. - In the medical sector, company’s tungsten alloy products are widely used in radiation therapy and medical imaging equipment, highlighting its commitment to healthcare applications [3]. - Company is exploring opportunities in robotics, with its high-performance neodymium-iron-boron magnets being key components for motors in robotic applications [3]. Group 3: Financial and Market Insights - As of March 27, 2024, the number of shareholders was reported to be 83,925, reflecting the company's commitment to shareholder engagement and transparency [2]. - Company has a profit distribution plan that has been approved by the board, with cumulative dividends expected to reach 419 million yuan over the past three years, emphasizing its focus on shareholder value [2]. - On the trading day, the net outflow of main funds was 33.8 million yuan, accounting for 4.75% of the total transaction value, indicating market sentiment towards the company [4].

Financial Performance - In 2024, the company achieved operating revenue of 7.573 billion CNY, with a new contract amount of 8.11 billion CNY and a net profit attributable to shareholders of 372 million CNY [1] - The operating cash flow was 770 million CNY, and the asset-liability ratio stood at 42.68% [1] Strategic Development - The company implemented an innovation-driven strategy, launching key investment projects such as the 10,000-ton amorphous strip project and the 2,000-ton high-end special powder project [2] - A total of 51 new patents were granted, including 1 international invention patent, and the company participated in the formulation of 20 national and industry standards [2] Core Competencies - The company leverages advanced technologies in powder metallurgy, rapid solidification, and additive manufacturing to provide customized solutions in high-end applications [3][4] - It has established a robust technical innovation system with 5 national and 20 provincial-level innovation platforms, supported by a core team of 35 PhDs and over 305 master's degree holders [4] Industry Position - The company has built a large-scale industrial cluster in the metal new materials sector, leading in product technology and capacity across multiple subfields [5] - It has received recognition as a national-level "single champion enterprise" and has multiple subsidiaries acknowledged as specialized and innovative small giants [5] Sector-Specific Performance - In the refractory tungsten and molybdenum sector, the company reported revenue of 2.022 billion CNY, with a net profit of 91.16 million CNY, while participating in 13 national-level research projects [6][7] - The rare earth permanent magnet materials sector generated revenue of 1.716 billion CNY, with a net profit of 88.21 million CNY, despite facing challenges from raw material price fluctuations [8] Future Outlook - The company aims to strengthen its market position in high-end medical equipment, semiconductors, and aerospace, while also focusing on new energy vehicles and consumer electronics [11] - It plans to enhance its technological capabilities and expand its international cooperation in the field of controlled nuclear fusion, with global investment in fusion reaching 7.1 billion USD in 2024 [10][11]