| 证券代码：600326 | 证券简称：西藏天路 | 公告编号：2024-079 号 | | --- | --- | --- | | 转债代码：110060 | 转债简称：天路转债 | | | 债券代码：188478 | 债券简称：21 01 | 天路 | | 债券代码：138978 | 债券简称：23 01 | 天路 | 西藏天路股份有限公司 关于股权激励限制性股票回购注销实施的公告 一、本次限制性股票回购注销的决策与信息披露 （一）根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）和《西 藏天路股份有限公司 2022 年限制性股票激励计划（草案）》（以下简称"激励计划"） 等相关规定及公司 2022 年第二次临时股东大会的授权，公司于 2024 年 8 月 14 日召开 第六届董事会第五十七次会议、第六届监事会第二十八次会议，审议通过了《关于 2022 年限制性股票激励计划第二个解除限售期解除限售条件未成就暨回购注销部分限制性 股票的议案》《关于变更注册资本金暨修改公司章程的议案》。根据公司已披露的 2023 年审计报告数据，结合目前的经营情况，认为公司 2023 年度业绩未能达到激励计划第 ...

Investment Rating - The investment rating for the company is "Buy" with a maintained rating for the next six months [4][6]. Core Views - The company has shown a significant improvement in Q3 profits, with a net profit of 1.35 million yuan, a substantial recovery from previous losses [2]. - The construction segment has seen a notable increase in new signed contracts, with a total of 1.05 billion yuan in Q3, indicating strong future growth potential [5]. - The cement production volume in Q3 reached 4.44 million tons, reflecting a year-on-year increase of 9.85%, which is contrary to the national trend [3]. Financial Performance Summary - For the first three quarters of the year, the company reported revenues of 204.4 million yuan and a net loss of 6.6 million yuan, representing a year-on-year decline of 27.22% and an increase in losses by 75.50% respectively [2]. - The construction segment's revenue for the first three quarters was 296 million yuan, down 54% year-on-year, but Q3 alone saw a revenue increase of 43.47 million yuan [5]. - The overall gross margin for the company improved to 24.22% in Q3, up 5.3 percentage points year-on-year [5]. Future Projections - The projected net profits for the company are adjusted to 50 million yuan for 2024, 380 million yuan for 2025, and 810 million yuan for 2026, reflecting a downward revision from previous estimates [6]. - The expected revenue growth rates for the upcoming years are forecasted at 0.64% for 2024, 23.63% for 2025, and 19.26% for 2026 [7][16]. Market Position - The company is positioned as a leading player in the cement industry, with a focus on leveraging upcoming infrastructure projects to boost demand, potentially increasing annual cement demand by 3.6 million tons [3].

单位：人民币 万元 | 序 | 发包方名 | | | | 合同 | 合同 | | --- | --- | --- | --- | --- | --- | --- | | 号 | 称 | 承包方名称 | 项目名称（全称） | 合同金额 | 签订 | 履行 | | | | | | | 日期 | 期限 | | | 中国电信 | | | | 2024 年 | | | 1 | 集团有限 | 西藏天路股份 | 中国电信有限公司拉萨分公司周转房建 | 3,505.46 | 9 月 10 | 360 | | | 公司拉萨 | 有限公司 | 设项目 | | | 天 | | | | | | | 日 | | | | 分公司 | | | | | | | | | 西藏天路股份 有限公司(联 | | | | | | | 那曲市住 | 合体牵头方) | | | 2024 年 | | | 2 | 房和城乡 | 中冶赛迪工程 | 那曲市阳光社区老旧小区改造项目配套 | 25,995.16 | 9 月 9 | 365 | | | | | 基础设施建设项目 | | | 天 | | | 建设局 | 技术股份有限 | | | 日 | | | | | ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥868,958,024.02, a decrease of 16.21% compared to the same period last year[2]. - The net profit attributable to shareholders was ¥1,349,667.21, while the net profit for the year-to-date was -¥65,969,619.78[2]. - The company's total revenue for the first nine months of 2024 was CNY 2,044.29 million, a decrease of CNY 764.60 million compared to CNY 2,808.89 million in the same period of 2023[11]. - The construction segment's revenue decreased by CNY 342.42 million year-on-year, primarily due to the completion of existing projects and limited new projects[11]. - Revenue decreased due to delayed project commencement, with a year-on-year reduction of RMB 191.37 million attributed to various projects not starting on time[12]. - Net profit attributable to shareholders for the first nine months of 2024 was a loss of RMB 65.97 million, an improvement of RMB 203.29 million compared to a loss of RMB 269.25 million in the same period last year[13]. - The construction segment reported a net loss of RMB 12.44 million, primarily due to insufficient project increments and rising operational costs[14]. - The building materials segment experienced a net profit of RMB 5.46 million, with a significant decline in revenue of RMB 152.7 million year-on-year due to decreased sales volume and prices[13]. Cash Flow - The net cash flow from operating activities for Q3 2024 was ¥103,633,795.84, showing an increase of 71.26% year-to-date[2]. - The company's cash flow from operating activities increased by CNY 71.26 million, attributed to a reduction in cash expenditures related to operating activities[7]. - Cash flow from operating activities increased by 71.26% to RMB 151.43 million, compared to RMB 88.42 million in the previous year[14]. - The company's cash flow from operating activities showed a significant improvement, with a net cash outflow of CNY 51,358,759.47 in Q3 2024 compared to a net outflow of CNY 203,949,466.00 in Q3 2023[21]. - The cash inflow from operating activities totaled CNY 2,517,112,692.96, a decrease of 19.8% compared to CNY 3,138,868,447.89 in the same period of 2023[23]. - The net cash flow from operating activities for the third quarter of 2024 was CNY 151,430,124.73, an increase of 71.2% from CNY 88,421,857.47 in the third quarter of 2023[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥12,885,346,295.53, a decrease of 6.03% from the end of the previous year[3]. - The total assets decreased to RMB 12.89 billion from RMB 13.71 billion, reflecting a reduction in both current and non-current assets[16]. - The company's total liabilities decreased to CNY 7,041,365,512.70 in Q3 2024 from CNY 8,132,108,285.01 in Q3 2023, a reduction of 13.4%[18]. - The total current liabilities decreased to CNY 2,502,378,411.95 from CNY 2,890,646,802.15 in the previous year[26]. - The long-term borrowings decreased to CNY 470,973,249.00 from CNY 739,760,642.52 in the previous year[26]. Equity and Earnings - The equity attributable to shareholders increased by 7.63% year-on-year, reaching ¥3,812,661,871.42[3]. - The basic earnings per share for Q3 2024 was ¥0.0006, a decrease of 98.05% compared to the same period last year[3]. - The basic and diluted earnings per share for the third quarter of 2024 were both negative CNY 0.0305, compared to negative CNY 0.2058 in the same quarter of 2023, indicating a reduction in losses per share[31]. - The total equity attributable to shareholders increased to CNY 3,812,661,871.42 in Q3 2024 from CNY 3,542,306,976.60 in Q3 2023, an increase of 7.6%[18]. Research and Development - The company’s research and development expenses decreased by 34.43% due to a reduction in research projects and expenditures[7]. - Research and development expenses for the first three quarters of 2024 were CNY 40,482,051.60, down from CNY 61,741,722.02 in the same period of 2023, a decrease of 34.4%[19]. - Research and development expenses significantly decreased from CNY 21,661,819.75 in 2023 to CNY 567,865.03 in 2024, a reduction of approximately 97.4%[28]. Other Income and Expenses - Non-recurring gains and losses for the current period totaled -¥4,093,886.97, with significant contributions from government subsidies and financial asset disposals[5]. - The company's other income increased by CNY 1,106.29 million, mainly due to the transfer of central subsidies and advanced manufacturing deductions[7]. - The company incurred asset impairment losses of CNY 236.00 million, mainly due to the recovery of contract asset guarantees in the construction segment[7]. - The company reported investment income of CNY 21,671,793.94 for the first three quarters of 2024, slightly down from CNY 22,036,761.71 in the same period of 2023[30]. - The financial expenses decreased from CNY 85,806,073.03 in 2023 to CNY 59,093,100.41 in 2024, a reduction of about 31.1%[28]. Market Conditions - The company faced intensified competition in the cement market, leading to a 33.96 million RMB decrease in revenue for its subsidiaries in the building materials sector[12]. - The company has adopted new accounting standards starting in 2024, which may affect financial reporting[34].

三三 泰和泰律師 关于西藏天路股份有限公司2024年第三次临时股东大会 的 法律意见书 l 泰和泰宁 ব্যবহার 泰和泰律師事務所 TAHOTA LAW FIRM 关于西藏天路股份有限公司2024年第三次临时股东大会的 法律意见书 泰律意字(2024) 第 58 号 2024 年 10月 25 日 泰律師事務所 AHOTA LAW FIRM 中国成都商新区天府大道中段199号棕榈泉国际中心16-17楼， 邮编：610041 16-17/F, Palm Springs International Center, No. 199 Tianfu Avenue (M), Hi-Tech District, Chengdu 610041, China 电话/Tel: 86-28-8662 5656 传真/Fax: 86-28-8525 6335 网址/Website: www.tahota.com 成都·Chengdu |北京·Beijing |深圳·Shenzhen |香港·Hong Kong |重庆·Chongqing |拉萨 ·Lhasa 三三泰和泰律師 泰和泰 (拉萨) 律师事务所 (三)《西藏天路股份有限 ...

| 证券代码：600326 | 证券简称：西藏天路 | 公告编号：2024-77 | 号 | | --- | --- | --- | --- | | 转债代码：110060 | 转债简称：天路转债 | | | | 债券代码：188478 | 债券简称：21 天路 | 01 | | | 债券代码：138978 | 债券简称：23 天路 | 01 | | 西藏天路股份有限公司 2024 年第三次临时股东大会决议公告 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。 | 1、出席会议的股东和代理人人数 | 1,615 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 390,272,421 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 29.8461 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 (一) 股东大会召开的时间：2024 年 10 月 25 日 (二) 股东大会召开的地点：西藏拉萨市夺底路 14 号公司 ...

重要内容提示： 西藏天路股份有限公司（以下简称"公司"）于 2019 年 10 月 28 日公开发 行的可转换公司债券（以下简称"本期债券"或"可转债"）将于 2024 年 10 月 28 日支付自 2023 年 10 月 28 日至 2024 年 10 月 27 日期间的利息。根据《西藏 天路股份有限公司公开发行 A 股可转换公司债券募集说明书》（以下简称"募集 说明书"）有关条款规定，现将有关事项公告如下： 一、本期债券基本情况 1 可转债付息债权登记日：2024 年 10 月 25 日 可转债除息日：2024 年 10 月 28 日 可转债付息日：2024 年 10 月 28 日 | 证券代码：600326 | 证券简称：西藏天路 | | 公告编号：2024-76 | 号 | | --- | --- | --- | --- | --- | | 转债代码: 110060 | 转债简称：天路转债 | | | | | 债券代码：188478 | 债券简称：21 01 | 天路 | | | | 债券代码：138978 | 债券简称：23 01 | 天路 | | | 西藏天路股份有限公司 关于可转换公司债券 20 ...

2024年第三次临时股东大会 | 证券代码：600326 | 证券简称：西藏天路 | | | | --- | --- | --- | --- | | 转债代码：110060 | 债券简称：天路转债 | | | | 债券代码：188478 | 债券简称：21 | 天路 | 01 | | 债券代码：138978 | 债券简称：23 | 天路 | 01 | 2024 年第三次临时股东大会 会议资料 二○二四年十月·拉 萨 1 2024年第三次临时股东大会 目 录 西藏天路股份有限公司 2024 年第三次临时股东大会议程 西藏天路股份有限公司 2024 年第三次临时股东大会议案 议案一：关于新增 2024 年度日常关联交易预计的议案 议案二：关于控股子公司对外提供担保的议案 2 2024年第三次临时股东大会 西藏天路股份有限公司 2024 年第三次临时股东大会议程 现场会议时间：2024 年 10 月 25 日（星期五）上午 10:00 网络投票时间：2024 年 10 月 25 日（星期五） （一）通过交易所系统投票平台的投票时间 上午：9:15-9:25，9:30-11:30 下午：13:00-15:00 （二） ...

| 证券代码：600326 | 证券简称：西藏天路 公告编号：2024-75 号 | | --- | --- | | 转债代码：110060 | 转债简称：天路转债 | | 债券代码：188478 | 债券简称：21 天路 01 | | 债券代码：138978 | 债券简称：23 天路 01 | 西藏天路股份有限公司 关于股票异常波动的公告 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、准确性和完整性承法律责任。 重要内容提示： 一、股票交易异常波动的具体情况 公司股票于 2024 年 10 月 14 日、10 月 15 日和 10 月 16 日连续 3 个交易日 内收盘价格涨幅偏离值累计超过 20%。根据《上海证券交易所交易规则》的有关 规定，属于股票交易异常波动情形。 二、公司关注并核实的相关情况 （一）生产经营情况 经公司自查，目前公司生产经营情况正常，内外部经营环境未发生重大变化， 不存在应披露而未披露的重大信息。 （二）重大事项情况 经公司自查并书面询证控股股东西藏建工建材集团有限公司（以下简称"藏 建集团"），截至本公告披露之日，公司、控股股 ...

作为西藏天路股份有限公司(以下简称"西藏天路") 控股股东,在本次股票交易异常波动期间截止本复函出具之 日,藏建集团未进行任何可能影响天路股份股价的操作,不 存在涉及西藏天路应披露而未披露的重大信息,藏建集团严 格遵守法律法规和监管要求,未参与任何形式的内幕交易或 操纵市场的行为。 特此函复。 西藏建工建材集团有限公司 2024年10月16日 复 函 西藏天路股份有限公司: 你公司《西藏天路股份有限公司关于股票交易异常波动 的询证函》收悉。经西藏建工建材集团有限公司(以下简称 "藏建集团")核查,现复函如下: ...