证券代码：600219 证券简称：南山铝业 公告编号：2025-067 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： | | | | --- | --- | --- | | 权益变动方向 | 比例增加□ | 比例减少 | | 权益变动前合计比例 | 43.46% | | | 权益变动后合计比例 | 42.43% | | | 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 山东南山铝业股份有限公司 关于控股股东非公开发行可交换公司债券换股进展 暨权益变动触及 1%刻度的提示性公告 1、身份类别 投资者及其一致行动人的身份 控股股东/实际控制人及其一致行动人 □其他 5%以上大股东及其一致行动人 □合并口径第一大股东及其一致行动人 □其他______________ 2、信息披露义务人信息 | 信息披露义务人名称 | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | ...

Group 1 - The core point of the article is that Nanshan Aluminum announced the repurchase of its shares, totaling 11,922,100 shares, which represents approximately 0.10% of the company's total share capital [2] Group 2 - The share repurchase was conducted through centralized bidding trading [2] - The announcement was made on the evening of November 4 [2] - The repurchase is part of the company's strategy to enhance shareholder value [2]

Core Viewpoint - Nanshan Aluminum (600219.SH) has announced a share buyback program, having repurchased a total of 92.8966 million shares, which represents approximately 0.80% of the company's total share capital, with the highest transaction price recorded [1] Summary by Category - **Share Buyback Details** - The company has repurchased 92.8966 million shares through centralized bidding transactions [1] - This repurchase accounts for about 0.80% of the total share capital of the company [1] - The highest price at which shares were repurchased has been noted, although the specific figure is not provided in the excerpt [1]

证券代码：600219 证券简称：南山铝业 公告编号：2025-066 山东南山铝业股份有限公司 关于以集中竞价交易方式回购股份的进展公告 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： 站（www.sse.com.cn）上披露的《山东南山铝业股份有限公司关于以集中竞价交 易方式回购股份方案公告》（公告编号：2024-070）和《山东南山铝业股份有限公 司关于以集中竞价交易方式回购股份的回购报告书》（公告编号：2025-001）。 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，现将公司 2025 年 10 月回购股份情况公告如下： 2025 年 10 月，公司通过集中竞价交易方式已累计回购公司股份 11,922,100 股，占公司总股本的比例约为 0.10%，回购成交的最高价为 4.742 元/股，最低价 为 4.67 元/股，支付的资金总额为人民币 56,221,587.5 元（不含交易费用）。 | 回购方案首次披露日 | 2024 ...

Group 1 - Nanshan Aluminum has repurchased approximately 92.9 million shares, accounting for about 0.8% of the total share capital, with a total expenditure of approximately 368 million RMB [1][1][1] - The highest repurchase price was approximately 4.74 RMB per share, while the lowest was 3.24 RMB per share [1][1][1] - As of the report, Nanshan Aluminum's market capitalization stands at 53.7 billion RMB [1][1][1] Group 2 - In 2024, Nanshan Aluminum's revenue composition is as follows: aluminum products account for 98.57%, other businesses 1.02%, natural gas sales 0.33%, and electricity and gas 0.08% [1][1][1]

Market Overview - The Shanghai Composite Index rose by 0.55% on November 3, with 22 industries experiencing gains, led by Media and Coal, which increased by 3.12% and 2.52% respectively. The Nonferrous Metals and Home Appliances sectors saw the largest declines, down by 1.21% and 0.66% respectively [2]. Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 23.944 billion yuan, with 9 industries seeing net inflows. The Media sector led with a net inflow of 2.031 billion yuan, followed by the Banking sector with a net inflow of 1.831 billion yuan and a daily increase of 1.33% [2]. - The Nonferrous Metals sector had the highest net outflow, totaling 7.054 billion yuan, followed by the Electronics sector with a net outflow of 4.571 billion yuan. Other sectors with significant outflows included Non-Bank Financials, Computers, and Communications [2]. Nonferrous Metals Sector Performance - The Nonferrous Metals sector declined by 1.21%, with a total of 137 stocks in the sector. Out of these, 49 stocks rose while 87 stocks fell. The sector saw a net inflow of funds into 32 stocks, with 14 stocks receiving over 10 million yuan in net inflows. China Aluminum led with a net inflow of 143 million yuan, followed by Nanshan Aluminum and Yun Aluminum with inflows of 143 million yuan and 105 million yuan respectively [3]. - The sector's outflow was dominated by 20 stocks with net outflows exceeding 100 million yuan, with Northern Rare Earth, Luoyang Molybdenum, and Zijin Mining experiencing the largest outflows of 1.182 billion yuan, 542 million yuan, and 481 million yuan respectively [3][5]. Nonferrous Metals Sector Fund Inflow and Outflow Rankings - **Top Inflow Stocks**: - China Aluminum: +1.80%, 3.06% turnover, 143.29 million yuan inflow - Nanshan Aluminum: +2.17%, 3.70% turnover, 142.80 million yuan inflow - Yun Aluminum: +5.65%, 2.46% turnover, 105.49 million yuan inflow [4]. - **Top Outflow Stocks**: - Northern Rare Earth: -3.76%, 3.84% turnover, -1.18195 billion yuan outflow - Luoyang Molybdenum: -3.93%, 1.57% turnover, -542.24 million yuan outflow - Zijin Mining: -1.64%, 1.15% turnover, -481.02 million yuan outflow [5].

Core Viewpoint - Nanshan Aluminum has shown significant stock performance with a year-to-date increase of 24.60% and a recent surge of 12.14% over the past five trading days, indicating strong market interest and potential growth opportunities [1]. Company Overview - Nanshan Aluminum, established on March 18, 1993, and listed on December 23, 1999, is located in Longkou City, Shandong Province. The company specializes in the development, production, processing, and sales of aluminum and aluminum alloy products, as well as power generation [2]. - The main revenue sources for Nanshan Aluminum include cold-rolled sheets/plates (52.85%), alumina powder (26.57%), aluminum profiles (10.18%), aluminum foil (4.02%), alloy ingots (2.71%), hot-rolled sheets/plates (2.37%), and other sources [2]. Financial Performance - For the period from January to September 2025, Nanshan Aluminum reported a revenue of 26.325 billion yuan, reflecting a year-on-year growth of 8.66%. The net profit attributable to shareholders was 3.772 billion yuan, with a year-on-year increase of 8.09% [2]. - The company has distributed a total of 10.027 billion yuan in dividends since its A-share listing, with 4.306 billion yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, Nanshan Aluminum had 183,700 shareholders, an increase of 11.00% from the previous period. The average number of tradable shares per shareholder was 63,218, a decrease of 9.91% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, holding 629 million shares, and China Securities Finance Corporation, holding 589 million shares, with some fluctuations in their holdings compared to the previous period [3].

Group 1 - Nanshan Aluminum International (02610.HK) experienced a significant decline of over 6% in early trading, with a current drop of 6.74% to HKD 40.68 [1] - The trading volume reached HKD 26.5059 million [1]

Core Viewpoint - Nanshan Aluminum International (02610) experienced a significant decline in stock price, dropping over 6% in early trading, attributed to falling overseas alumina prices in Q3 2025 [1] Company Summary - Nanshan Aluminum International is a subsidiary of A-share listed Nanshan Aluminum, primarily engaged in alumina projects in Indonesia [1] - As of August, the company has established an alumina production capacity of 3 million tons per year, with the second phase of a new 1 million tons per year project progressing faster than expected [1] - The company anticipates that the new production capacity will be operational by Q4 2025 or Q1 2026, positioning it as the largest alumina producer in Southeast Asia [1] Industry Summary - The overall trend for overseas alumina prices in Q3 2025 is a decline, with the average market price around $357, representing a decrease of approximately 29% compared to the same period last year [1] - The price fluctuations are influenced by weakened cost transmission from upstream bauxite and the introduction of new alumina production capacities in September [1]

Investment Rating - The investment rating for the company is "Outperform the Market" [6][4][17] Core Views - The company reported a year-on-year growth of 8% in net profit attributable to shareholders for the first three quarters of 2025, and announced a special dividend plan of 3 billion yuan [1][7] - The company's revenue for the first three quarters of 2025 reached 26.325 billion yuan, an increase of 8.66% year-on-year, while the net profit attributable to shareholders was 3.772 billion yuan, up 8.09% year-on-year [1][7] - The company experienced a significant increase in operating cash flow, with a net cash flow from operating activities of 6.221 billion yuan, a year-on-year increase of 32.09% [3][14] Summary by Sections Financial Performance - In Q3 2025, the company achieved revenue of 9.051 billion yuan, a year-on-year increase of 5.75% and a quarter-on-quarter increase of 9.14% [1][7] - The net profit for Q3 2025 was 1.147 billion yuan, down 11.85% year-on-year but up 24.46% quarter-on-quarter [1][7] - The gross margin for the first three quarters of 2025 was 26.63%, an increase of 1.29 percentage points year-on-year [3][14] Market Conditions - The company's performance is significantly influenced by commodity prices, with alumina prices declining year-on-year, while aluminum prices remained high [2][7] - In Q3 2025, the average domestic alumina price was approximately 3,124 yuan/ton, down about 20% year-on-year, while the average overseas alumina price was approximately 357 USD/ton, down about 29% year-on-year [2][7] Future Outlook - The company has raised its profit forecast, expecting revenues of 31.511 billion yuan, 35.362 billion yuan, and 38.636 billion yuan for 2025, 2026, and 2027 respectively, with net profits of 5.059 billion yuan, 5.268 billion yuan, and 5.554 billion yuan for the same years [4][17] - The diluted EPS is projected to be 0.44 yuan, 0.45 yuan, and 0.48 yuan for 2025, 2026, and 2027 respectively, with the current stock price corresponding to P/E ratios of 10.6, 10.2, and 9.6 [4][17]