证券代码：601068 证券简称：中铝国际 公告编号：临 2025-018 中铝国际工程股份有限公司 关于修订《公司章程》《股东大会议事规则》 《董事会议事规则》并取消监事会的公告 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。 中铝国际工程股份有限公司（以下简称公司）为进一步提高规范 运作水平，完善公司治理制度，根据《中华人民共和国公司法》（以 下简称《公司法》）、《上市公司章程指引》等法律法规、规范性文件 的规定，结合公司实际情况，拟对《中铝国际工程股份有限公司章程》 （以下简称《公司章程》）、《中铝国际工程股份有限公司股东大会议 事规则》（以下简称《股东大会议事规则》）及《中铝国际工程股份有 限公司董事会议事规则》（以下简称《董事会议事规则》）有关条款进 行相应修订并取消监事会，监事会的职权由董事会审计委员会行使， 《中铝国际工程股份有限公司监事会议事规则》相应废止。 2025 年 5 月 26 日，公司召开第四届董事会第二十八次会议，审 议通过了对《公司章程》《股东大会议事规则》《董事会议事规则》的 修订草案以及提请 ...

中铝国际工程股份有限公司 独立董事工作制度 （2025 年 5 月修订草案） 第一章 总则 第一条 为了进一步完善中铝国际工程股份有限公司 （以下简称公司）的治理结构，促进公司规范运作，保证独 立董事履行职责，根据《中华人民共和国公司法》（以下简 称《公司法》）、《上市公司独立董事管理办法》（以下简称《独 立董事管理办法》）、《上市公司治理准则》《上海证券交易所 股票上市规则》（以下简称《上交所上市规则》）、《香港联合 交易所有限公司证券上市规则》（以下简称《联交所上市规 则》）及《中铝国际工程股份有限公司章程》（以下简称《公 司章程》）的有关规定，特制定本制度。 第二条 独立董事是指不在公司担任除董事外的其他职 务，并与公司及公司主要股东（指单独或者合并持有公司表 决权股份总数的 5%以上股份的股东，或者持有股份不足 5% 但对公司有重大影响的股东）、实际控制人不存在直接或者 间接利害关系，或者其他可能影响其进行独立客观判断的关 系，并符合公司股份上市地证券交易所规则有关独立性的规 定的董事。 （三）具备上市公司运作的基本知识，熟悉相关法律、 行政法规、规章及规则； （四）具有五年以上履行独立董事职责所必需 ...

中铝国际工程股份有限公司 章 程 待提交股东大会审议稿 二〇一一年第二次临时股东大会审议通过 二〇一二年第一次临时股东大会修订 二〇一五年第一次临时股东大会修订 二〇一六年年度股东大会修订 二〇一九年第一次临时股东大会修订 二〇一九年第三次临时股东大会修订 二〇一九年年度股东大会、二〇二〇年第一次 A 股类别股东大会 及二〇二〇年第一次 H 股类别股东大会修订 二〇二一年第二次临时股东大会修订 二〇二一年年度股东大会修订 二〇二三年第一次临时股东大会修订 二〇二三年第二次临时股东大会修订 第四届董事会第二十二次会议根据股东大会授权修订 1 | 第一章 总 | 则 3 | | --- | --- | | 第二章 | 经营宗旨和范围 5 | | 第三章 | 股份和注册资本 6 | | 第四章 | 股份增减和回购 8 | | 第五章 | 购买公司股份的财务资助 10 | | 第六章 | 股票和股东名册 10 | | 第七章 | 股东的权利和义务 11 | | 第八章 | 股东会 15 | | 第一节 | 股东会的一般规定 15 | | 第二节 | 股东会的召集 17 | | 第三节 | 股东会的提案与通知 20 | ...

中铝国际工程股份有限公司 关联交易管理办法 （2025年5月修订草案） 第一章 总 则 第一条 为规范和加强中铝国际工程股份有限公司（以 下简称公司）的关联交易管理，确保关联交易的公允性，维 护公司及全体股东的利益，根据《中华人民共和国公司法》 《中华人民共和国证券法》《上海证券交易所股票上市规则》 （以下简称《上交所上市规则》）、《上海证券交易所上市公 司自律监管指引第 1 号——规范运作》《上海证券交易所上 市公司自律监管指引第 5 号——交易与关联交易》《上市公 司监管指引第 8 号——上市公司资金往来、对外担保的监管 要求》《上市公司治理准则》等境内相关法律、法规，以及 《中铝国际工程股份有限公司章程》（以下简称公司章程）， 制定本办法。鉴于公司同时在香港联合交易所有限公司（以 下简称香港联交所）主板上市，公司除适用本办法的规定外， 还应严格遵守《香港联合交易所有限公司证券上市规则》(以 下简称香港联交所上市规则)等香港证券法方面关于关连交 易、关连人士的相关规定。 本办法所称"关联交易"，是指《上交所上市规则》项下 关联交易之含义；本办法所称"关连交易"，是指《香港联交 所上市规则》项下关连交易之含 ...

Core Viewpoint - 中铝国际's stock closed at 4.48 yuan, with a 2.75% increase, and a rolling PE ratio of 73.09 times, indicating a significant premium compared to the industry average [1][3] Group 1: Company Overview - 中铝国际 specializes in design consulting, EPC engineering contracting, construction, and equipment manufacturing, leveraging its leading technology and talent in the non-ferrous metal industry [2] - The company has participated in over 500 projects, receiving numerous prestigious awards, including the China Construction Engineering Luban Prize and the Civil Engineering Zhan Tianyou Award [2] Group 2: Financial Performance - In the first quarter of 2025, 中铝国际 reported revenue of 4.804 billion yuan, a year-on-year decrease of 3.63%, and a net profit of 65.797 million yuan, down 36.71% year-on-year, with a gross profit margin of 8.91% [2] - The total market capitalization of 中铝国际 is 13.377 billion yuan, ranking 59th in the engineering construction industry based on PE ratio [1][3] Group 3: Industry Comparison - The average PE ratio for the engineering construction industry is 12.61 times, with a median of 20.14 times, highlighting 中铝国际's relatively high valuation compared to its peers [1][3]

Company Overview - China Aluminum International Engineering Corporation specializes in design consulting, EPC engineering contracting, construction, and equipment manufacturing [2] - The company leverages its leading technology, talent, qualifications, and international advantages to provide comprehensive technical and engineering design services across the non-ferrous metal industry [2] - It has participated in numerous sectors including metallurgy, transportation, municipal, construction, power, petroleum, chemical, and military, achieving over a hundred "China First" and "World First" milestones [2] Financial Performance - For Q1 2025, the company reported revenue of 4.804 billion yuan, a year-on-year decrease of 3.63%, and a net profit of 657.97 million yuan, down 36.71% year-on-year, with a gross profit margin of 8.91% [2] - The current stock price is 4.36 yuan, with a rolling PE ratio of 71.13 times, significantly higher than the industry average of 13.10 times and the median of 20.41 times [1][3] Shareholder Information - As of August 31, 2018, the number of shareholders reached 245,413, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1]

Group 1 - The core viewpoint of the article highlights the financial performance and market position of China Aluminum International Engineering Corporation, indicating a significant disparity between its price-to-earnings (PE) ratio and the industry average [1][3] - As of the first quarter of 2025, the company reported a revenue of 4.804 billion yuan, a year-on-year decrease of 3.63%, and a net profit of 65.797 million yuan, down 36.71% year-on-year, with a gross profit margin of 8.91% [2] - The company's current PE ratio stands at 72.93, significantly higher than the industry average of 15.46 and the median of 19.25, ranking it 60th in the industry [1][3] Group 2 - The main business of the company includes design consulting, EPC engineering contracting, construction, and equipment manufacturing, leveraging its technological, talent, and international advantages in the non-ferrous metal industry [2] - The company has participated in numerous projects across various sectors, contributing to the establishment of industry standards and achieving over a hundred "China First" and "World First" accolades [2] - The company has received multiple prestigious awards for its projects, including the China Construction Engineering Luban Prize and the Civil Engineering Zhan Tianyou Award [2]

一季报中，中铝国际旗下包头铝业（600472）达茂旗120万千瓦新能源项目1#升压站工程倒送电工作首 次送电圆满成功，云南云铜锌业搬迁项目最大厢式压滤机成功安装完成，华昇二期项目12个标段完成竣 工验收，印尼曼帕瓦100万吨/年冶金级氧化铝项目正式进入投产运营阶段，西芒杜柴油发电项目IFC图 纸及3D模型全部完成，西芒杜C3项目NPI基本设计已完成。 4月22日晚间，中铝国际（601068）（601068.SH）发布2025年第一季度报告，一季度公司实现营业总 收入48.04亿元，归母净利润6579.70万元。公司强化收款管理，本报告期内经营活动现金净流量比上年 同期增加4.66亿元。 公司一季度强化市场开拓，业务结构调整非常明显。中铝国际一季度新签合同总额为85.65亿元，同比 增加51.04%。其中，新签国内合同76.65亿元，同比增加52.08%；新签海外合同9.00亿元，同比增加 42.67%，国内外市场均实现"一季度开门红"。截至2025年3月31日，公司未完工合同总额为431.73亿 元。 公告显示，公司一季度新签工业合同增加七成以上，中铝国际紧盯增量市场，深挖存量市场，聚焦有色 及优势工业领域， ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 4,804,261, a decrease of 3.63% compared to CNY 4,985,267 in the same period last year[6]. - Net profit attributable to shareholders decreased by 36.71% to CNY 65,797 from CNY 103,961 year-on-year[6]. - Basic earnings per share fell by 50.26% to CNY 0.0094 from CNY 0.0189 in the previous year[6]. - Total comprehensive income for Q1 2025 was CNY 85,335,000, compared to CNY 114,451,000 in Q1 2024, representing a decrease of approximately 25.5%[44]. - Net income attributable to the parent company for Q1 2025 was CNY 66,450,000, down from CNY 103,166,000 in Q1 2024, a decline of about 35.6%[44]. - The gross profit margin for Q1 2025 was approximately 1.5%, compared to 2.5% in Q1 2024, indicating a decline in profitability[39]. - The total operating profit for Q1 2025 was CNY 108,020 thousand, down from CNY 126,507 thousand in Q1 2024, a decline of 14.6%[39]. - The company reported a decrease in short-term borrowings to CNY 986,697 thousand from CNY 984,379 thousand, a slight increase of 0.24%[33]. - The company reported an operating loss of CNY 63,000, compared to an operating profit of CNY 16,284 in Q1 2024, indicating a significant decline in performance[59]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 40,625,818, down 1.29% from CNY 41,156,527 at the end of the previous year[8]. - Current assets totaled CNY 32,099,149 thousand, a decrease of 1.15% from CNY 32,472,961 thousand on December 31, 2024[31]. - Current liabilities were CNY 24,826,305 thousand, slightly decreased from CNY 24,838,671 thousand, indicating a reduction of 0.05%[33]. - Non-current liabilities decreased to CNY 6,899,727 thousand from CNY 7,472,791 thousand, a decline of 7.66%[36]. - Total liabilities as of March 31, 2025, amounted to CNY 13,936,265,000, a decrease from CNY 14,994,236,000 as of December 31, 2024[56]. - The total assets decreased from CNY 22,690,740,000 on December 31, 2024, to CNY 21,586,749,000 on March 31, 2025[56]. - The company's total equity remained stable at CNY 7,650,484,000 as of March 31, 2025, compared to CNY 7,696,504,000 at the end of 2024[56]. Cash Flow - Cash inflows from operating activities in Q1 2025 totaled CNY 4,864,151,000, down from CNY 5,245,241,000 in Q1 2024, a reduction of approximately 7.2%[46]. - Cash outflows from operating activities in Q1 2025 were CNY 5,249,209,000, compared to CNY 6,096,877,000 in Q1 2024, indicating a decrease of about 13.9%[46]. - The company's cash flow from operating activities showed a significant decrease, with a net cash increase of CNY -555,142 in Q1 2025 compared to CNY 81,209 in Q1 2024[50]. - The company's cash and cash equivalents at the end of Q1 2025 were CNY 875,262 thousand, down from CNY 2,286,046 thousand at the end of Q1 2024, representing a decline of 61.7%[65]. - The net cash flow from financing activities in Q1 2025 was -CNY 1,092,933 thousand, compared to -CNY 506,922 thousand in Q1 2024, reflecting a worsening of 115.5%[65]. Contracts and Projects - The company signed new domestic contracts worth RMB 7.665 billion, an increase of 52.08% year-on-year[21]. - New overseas contracts amounted to RMB 900 million, reflecting a year-on-year increase of 42.67%[21]. - The total value of new industrial contracts reached RMB 8.402 billion, accounting for 98.10% of total new contracts, with a year-on-year increase of 78.47%[21]. - The company successfully completed the first power delivery for the 1 booster station of the 1.2 million kW new energy project in Baotou[22]. - The largest box-type filter press for the Yunnan copper zinc relocation project has been successfully installed[22]. - The company has completed the basic design for the NPI project of the West Mangdu C3 project[22]. - The total contract value for the mining operation project at the West Mangdu Iron Mine is approximately RMB 2.033 billion[21]. Management and Strategy - The company has implemented a three-level project management system to enhance project profitability[23]. - The company has optimized its procurement system and subcontractor management to improve efficiency and effectiveness[23]. - The company is accelerating investment in key projects related to mineral resources, green low-carbon metallurgy, and digitalization, aiming for industry-leading breakthroughs in core technologies[24]. - The company has implemented a "2025 Technology Achievement Promotion Plan" to accelerate the industrialization of core technologies, including ultra-fine droplet desulfurization and energy-saving environmental protection technologies[24]. - The company is focusing on safety management system optimization, implementing a three-level safety management organization to enhance safety control effectiveness[27]. - The company is deepening reforms to enhance organizational efficiency and effectiveness, focusing on the construction of EPC capabilities and optimizing management levels[28]. - The company is building a talent team with a focus on technology, marketing, project management, internationalization, and skilled personnel, aiming for a systematic approach to talent development[29]. - The company has implemented a comprehensive performance evaluation system covering all employees, ensuring 100% coverage of performance assessments among over ten thousand employees[30]. Research and Development - Research and development expenses increased to CNY 122,964 thousand in Q1 2025, up 13.06% from CNY 108,721 thousand in Q1 2024[38]. - Research and development expenses increased to CNY 7,264,000 in Q1 2025, compared to CNY 2,692,000 in Q1 2024, indicating a focus on innovation[58]. - The company is advancing AI+ business models, with new breakthroughs in aluminum/copper surface optical inspection applications led by China Technology[25]. - The company has established a three-level integrated digital management model to enhance digital service capabilities and optimize smart construction site platform functions[25].

Financial Performance - Net profit attributable to the parent company reached 221 million RMB[7] - Total operating revenue for the year was 24.003 billion RMB, reflecting a year-on-year growth of 7.46%[8] - In 2024, the company achieved operating revenue of 24,003,255 thousand RMB, representing a 7.46% increase compared to 2023[33] - The net profit attributable to shareholders in 2024 was 221,177 thousand RMB, a significant recovery from a loss of 2,657,963 thousand RMB in 2023[33] - The net cash flow from operating activities in 2024 was -2,694,318 thousand RMB, a decline of 472.83% compared to the previous year[33] - The net cash inflow from financing activities was RMB 1.836 billion, a turnaround from a net outflow of RMB 4.412 billion in the previous year, mainly due to strategic investments from subsidiaries totaling RMB 2.29 billion[174] Revenue Growth - Overseas operating revenue was 4.133 billion RMB, an increase of 22.50% year-on-year[8] - Equipment manufacturing revenue was 2.957 billion RMB, up 18.66% year-on-year[8] - Design consulting revenue reached 1.713 billion RMB, an increase of 24.14% year-on-year[8] - New overseas contracts signed totaled 6.095 billion RMB, a year-on-year increase of 65.09%[8] - The company signed new industrial contracts totaling RMB 28.276 billion, accounting for 91.73% of total new contracts, an increase of 42.66% year-on-year[52] - The company achieved a total of RMB 6.095 billion in new overseas contracts, a year-on-year increase of 65.09%[52] Cost Management - The company implemented strict cost control measures, resulting in a decrease in management costs and improved project execution quality[36] - Management expenses decreased by 13.00% year-on-year due to efficiency reforms[121] - The company’s sales expenses decreased by 5.62% to 133 million yuan, reflecting cost control measures[164] Technological Advancements - The company has achieved 27 new international advanced technology results, with 24 at the international leading level[6] - The company implemented a series of digital and intelligent products, including a digital electrolytic cell intelligent control system and an online detection system for anode current distribution[22] - The company focused on technological innovation, launching new technologies such as ultra-fine droplet desulfurization and PSA carbon capture, enhancing its competitive edge[141] - The company has developed advanced mining technologies suitable for extreme conditions, including large-scale equipment for high-altitude and cold environments, achieving significant safety and efficiency improvements[87] Risk Management - The company faces potential risks in 2025, including operational safety, cash flow, and market competition risks[13] - The company focused on risk management, achieving significant breakthroughs in cash flow recovery and maintaining a good credit reputation in the market[23] Awards and Recognition - The company won 40 provincial and ministerial-level science and technology awards, including a second-class award for a project in intelligent automation systems[6] - The company received over 10 national-level engineering quality, technology, and QC achievement awards during the year, enhancing its project performance capabilities[21] - 中铝国际在2024年度中国有色金属工业科学技术奖中获得21项成果，其中一等奖8项，较上年增长33%[74] International Expansion - The company signed industrial contracts worth CNY 28.276 billion, accounting for 91.73% of the total new contracts signed, with EPC contracts increasing by 67.08% year-on-year to CNY 10.796 billion[21] - The company has successfully exported its self-developed technologies and equipment to over 20 countries and regions across Asia, Europe, America, and Africa[103] - The company successfully expanded into new markets in Morocco and Ghana, enhancing its international presence[153] Organizational Development - A total of 237 management and research backbone employees participated in the long-term equity incentive plan, aimed at enhancing core competitiveness[23] - The company has streamlined its organizational structure, reducing branch and departmental personnel by 51.61% and general management personnel by 56.22%[64] - The company has established a legal compliance control system, implementing a unified contract management approach across its headquarters and subsidiaries[59] Environmental and Safety Initiatives - The company aims to achieve a "three zeros" goal in safety and environmental management, with a robust HSE system successfully re-certified[60] - The company has reduced energy consumption by 35% year-on-year through advanced desulfurization technology, achieving ultra-clean emissions[57] - The company has developed a comprehensive remediation technology for heavy metal pollution, enhancing the effectiveness and long-term stability of contaminated site restoration[90] Future Outlook - The company plans not to distribute profits for the year 2024 due to future investment needs[10] - The company plans to focus on high-quality development and the implementation of a management system reform to achieve its "14th Five-Year" goals[24] - The company is focusing on digital transformation in the non-ferrous metal mining, smelting, and processing sectors, implementing several digital intelligent system construction demonstration projects[109]