关于五矿资本股份有限公司2024年度募集资金存放与实际使用 情况的核查意见 中国国际金融股份有限公司、五矿证券有限公司 中国国际金融股份有限公司、五矿证券有限公司（以下合称"联席保荐机构"） 作为五矿资本股份有限公司（以下简称"公司"或"五矿资本"）向特定对象发 行优先股项目的联席保荐机构，根据《证券发行上市保荐业务管理办法》《上海 证券交易所股票上市规则》《上市公司监管指引第2号——上市公司募集资金管 理和使用的监管要求》《上海证券交易所上市公司自律监管指引第1号——规范 运作》等规定，就五矿资本2024年度募集资金存放与实际使用情况进行了核查， 具体情况如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于核准五矿资本股份有限公司非公开发行优 先股的批复》（证监许可〔2023〕292号）核准，公司非公开发行不超过10,000.00 万股优先股。 本次优先股采用分次发行方式，其中第一期发行数量为5,000万股，募集资金 总额为500,000万元，于2023年4月20日募集完毕，扣除已支付的承销保荐费（含 税）人民币1,000万元后，实收募集资金人民币499,000 ...

中国国际金融股份有限公司、五矿证券有限公司 关于五矿资本股份有限公司2024年度募集资金存放与实际使用 情况的核查意见 中国国际金融股份有限公司、五矿证券有限公司（以下合称"联席保荐机构"） 作为五矿资本股份有限公司（以下简称"公司"或"五矿资本"）向特定对象发 行优先股项目的联席保荐机构，根据《证券发行上市保荐业务管理办法》《上海 证券交易所股票上市规则》《上市公司监管指引第2号——上市公司募集资金管 理和使用的监管要求》《上海证券交易所上市公司自律监管指引第1号——规范 运作》等规定，就五矿资本2024年度募集资金存放与实际使用情况进行了核查， 具体情况如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于核准五矿资本股份有限公司非公开发行优 先股的批复》（证监许可〔2023〕292号）核准，公司非公开发行不超过10,000.00 万股优先股。 本次优先股采用分次发行方式，其中第一期发行数量为5,000万股，募集资金 总额为500,000万元，于2023年4月20日募集完毕，扣除已支付的承销保荐费（含 税）人民币1,000万元后，实收募集资金人民币499,000 ...

起始页码 关于五矿资本股份有限公司 在五矿集团财务有限责任公司存贷款 业务情况的专项审核报告 众环专字(2025)0203445号 目 录 专项审核报告 在五矿集团财务有限责任公司存贷款业务情况汇总表 1 关于五矿资本股份有限公司 在五矿集团财务有限责任公司存贷款业务情况的专项审核 报告 众环专字(2025)0203445 号 存贷款业务情况汇总表 五矿资本股份有限公司： 我们接受委托，在审计了五矿资本股份有限公司（以下简称"五矿资本"）2024 年 12 月 31 日的合并及母公司的资产负债表，2024 年度合并及母公司的利润表、合并及母公司的 现金流量表和合并及母公司的股东权益变动表以及财务报表附注的基础上，对后附的《五矿 资本股份有限公司 2024 年度在五矿集团财务有限责任公司存贷款业务情况汇总表》（以下简 称"汇总表"）进行了专项审核。 一、管理层对汇总表的责任 按照《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》的规定，编 制和披露汇总表，提供真实、合法、完整的审核证据，是五矿资本管理层的责任。 二、注册会计师的责任 我们的责任是在执行审核工作的基础上对汇总表发表专项审核意见。我 ...

五矿资本股份有限公司 专项审核报告 众环专字(2025)0203447 号 目 录 起始页码 专项审核报告 专项说明 会计政策/估计变更事项专项说明 1 关于五矿资本股份有限公司 2024 年度 会计政策/估计变更事项专项说明的专项审核报告 按照《上海证券交易所上市公司自律监管指南第 2 号——业务办理》的相关规定编制专 项说明，并保证其内容真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏是五 矿资本管理层的责任。我们的责任是在实施审核程序的基础上对专项说明提出审核结论。 我们的审核是参照《中国注册会计师其他鉴证业务准则第 3101 号——历史财务信息审 计或审阅以外的鉴证业务》的相关规定进行的，在审核过程中，我们结合五矿资本本次会计 政策/估计变更的实际情况，实施了询问、检查记录和文件、重新计算以及我们认为必要的 其他程序。我们相信，我们的工作为发表审核意见提供了合理的基础。 我们认为，上述《五矿资本股份有限公司 2024 年度会计政策/估计变更事项专项说明》 在所有重大方面按照《上海证券交易所上市公司自律监管指南第 2 号——业务办理》的相关 规定编制。 本报告仅供五矿资本股份有限公司 2024 年 ...

第九届董事会独立董事专门会议 2025 年第一次会议 五矿资本股份有限公司 第九届董事会独立董事专门会议 2025 年第一次会议审核意见 根据《上市公司独立董事管理办法》《上海证券交易所 股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》以及《五矿资本股份有限公司章程》等有 关规定，我们作为五矿资本股份有限公司（以下简称"公司"） 的独立董事，于 2025 年 4 月 23 日召开了第九届董事会独立 董事专门会议 2025 年第一次会议，针对公司第九届董事会第 二十二次会议拟审议的相关议案进行了审核。经审核，全体 独立董事一致同意如下议案，并发表审核意见如下： 一、《关于预计公司 2025 年度日常关联交易的议案》 三、《关于五矿资本股份有限公司与五矿集团财务有限责 任公司签订<金融服务协议>的议案》 经审查，公司与五矿集团财务有限责任公司拟签署的《金 融服务协议》遵循平等自愿的原则，定价原则公允，有利于 拓宽公司融资渠道，关联交易决策程序符合相关法律法规及 《公司章程》的规定。没有发现损害公司及全体股东，尤其 是中小股东利益的情形。我们同意公司与五矿集团财务有限 责任公司签署《金融服 ...

五矿资本股份有限公司 2024 年度独立董事述职报告 （李正强） 作为五矿资本股份有限公司（以下简称"公司"或"五矿资本"） 独立董事，在 2024 年我严格按照《证券法》《公司法》《上市公司 治理准则》《上市公司独立董事管理办法》及《五矿资本股份有限公 司章程》（以下简称"《公司章程》"）《五矿资本股份有限公司独 立董事议事办法》等有关规定，忠实勤勉尽责，独立履行职权，对公 司董事会审议的相关事项发表了独立客观的意见，切实维护了全体股 东尤其是中小股东的利益。现将 2024 年度履行职责的情况报告如下： 一、独立董事的基本情况 （一）个人工作履历、专业背景以及兼职情况 经公司2022年年度股东大会和2023年第一临时股东大会审议通 过，本人分别担任第八届、第九届董事会独立董事；经第八届董事会 第二十五次会议和第九届董事会第一次会议审议通过，本人分别担任 公司第八届董事会、第九届董事会战略委员会、提名委员会、薪酬与 考核委员会及审计委员会委员。下面，我就个人工作履历、专业背景 以及兼职情况进行说明： 李正强，男，1964年4月出生，中共党员，北京大学光华管理学 院（在职）博士研究生毕业，博士研究生学位。现任对 ...

作为五矿资本股份有限公司（以下简称"公司"或"五矿资本"） 独立董事，在 2024 年我严格按照《证券法》《公司法》《上市公司 治理准则》《上市公司独立董事管理办法》及《五矿资本股份有限公 司章程》（以下简称"《公司章程》"）《五矿资本股份有限公司独 立董事议事办法》等有关规定，忠实勤勉尽责，独立履行职权，对公 司董事会审议的相关事项发表了独立客观的意见，切实维护了全体股 东尤其是中小股东的利益。现将 2024 年度履行职责的情况报告如下： 五矿资本股份有限公司 一、独立董事的基本情况 （一）个人工作履历、专业背景以及兼职情况 经公司2022年年度股东大会和2023年第一临时股东大会审议通 过，本人分别担任第八届、第九届董事会独立董事；经第八届董事会 第二十五次会议和第九届董事会第一次会议审议通过，本人分别担任 公司第八届董事会、第九届董事会提名委员会、薪酬与考核委员会的 召集人及审计委员会委员。下面，我就个人工作履历、专业背景以及 兼职情况进行说明： 2024 年度独立董事述职报告 张子学，男，1968年8月生，中共党员，中国政法大学商法博士 毕业，博士研究生学位。现任中国政法大学教授，兼任中国上市公司 协 ...

五矿资本股份有限公司 2024 年度独立董事述职报告 （王彦超） 作为五矿资本股份有限公司（以下简称"公司"或"五矿资本"） 独立董事，在 2024 年我严格按照《证券法》《公司法》《上市公司 治理准则》《上市公司独立董事管理办法》及《五矿资本股份有限公 司章程》（以下简称"《公司章程》"）《五矿资本股份有限公司独 立董事议事办法》等有关规定，忠实勤勉尽责，独立履行职权，对公 司董事会审议的相关事项发表了独立客观的意见，切实维护了全体股 东尤其是中小股东的利益。现将 2024 年度履行职责的情况报告如下： 一、独立董事的基本情况 （一）个人工作履历、专业背景以及兼职情况 经公司2022年年度股东大会和2023年第一临时股东大会审议通 过，本人分别担任第八届、第九届董事会独立董事；经第八届董事会 第二十五次会议和第九届董事会第一次会议审议通过，本人分别担任 公司第八届董事会、第九届董事会提名委员会、薪酬与考核委员会委 员及审计委员会召集人。下面，我就个人工作履历、专业背景以及兼 职情况进行说明： 王彦超，男，1977年9月出生，中共党员，中山大学管理学院会 计学博士毕业，博士研究生学位，北京大学光华管理学院博士 ...

Financial Performance - Total operating revenue for Q1 2025 was CNY 1,623,598,411.96, a decrease of 17.41% compared to the same period last year[5]. - Operating income increased by 134.75% to CNY 268,480,498.98, driven by the growth of the subsidiary Wukuang Industrial Financial Services[11]. - Net profit attributable to shareholders decreased by 58.17% to CNY 192,104,115.32, primarily due to changes in business structure and reduced commission income[11]. - Basic earnings per share fell by 75.00% to CNY 0.02, reflecting the decline in net profit[6]. - The weighted average return on equity decreased by 0.63 percentage points to 0.19%[6]. - Net cash flow from operating activities was negative at CNY -1,680,555,845.88, a decline of 427.17% year-on-year[5]. - Total revenue for Q1 2025 was CNY 1,623,598,411.96, a decrease of 17.4% compared to CNY 1,965,740,627.28 in Q1 2024[29]. - Net profit for Q1 2025 was CNY 226,112,058.55, down 62.7% from CNY 606,737,180.78 in Q1 2024[30]. - Operating profit decreased significantly to CNY 242,203,757.87 from CNY 790,882,947.10, a drop of 69.4%[30]. - The company reported a decrease in operating costs to CNY 1,363,626,787.18 from CNY 1,494,148,266.49, a decline of 8.7%[29]. - Other comprehensive income after tax for Q1 2025 was CNY 76,522,672.74, compared to CNY 168,739,772.56 in Q1 2024, a decrease of 54.7%[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 155,377,830,524.94, down 3.21% from the end of the previous year[6]. - The company's current assets totaled CNY 94.46 billion, down from CNY 97.37 billion, indicating a decrease of about 2.5%[25]. - Cash and cash equivalents decreased significantly from CNY 21.99 billion to CNY 15.47 billion, representing a decline of approximately 29.5%[24]. - The company's short-term borrowings were CNY 28.88 billion, slightly down from CNY 29.44 billion, showing a decrease of about 1.9%[25]. - Total liabilities decreased to CNY 93,300,654,581.11 from CNY 98,755,253,713.39, a reduction of 5.0%[27]. - The company’s total non-current liabilities decreased to CNY 13,619,975,664.50 from CNY 14,290,231,372.64, a decrease of 4.7%[27]. - The company’s total non-current assets were CNY 60.92 billion, down from CNY 63.16 billion, indicating a decrease of approximately 3.6%[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 141,414[14]. - The largest shareholder, China Minmetals Corporation, holds 2,117,064,042 shares, representing 47.07% of total shares[14]. - The second largest shareholder, Changsha Metallurgical Research Institute, holds 150,751,955 shares, representing 3.35%[14]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three being state-owned entities[15]. - The total number of preferred shareholders at the end of the reporting period is 28[16]. - The largest preferred shareholder, Shaanxi International Trust, holds 10,000,000 shares, representing 20.00%[16]. - The second largest preferred shareholder, Taiping Life Insurance, holds 6,700,000 shares, representing 13.40%[16]. - The company has not reported any changes in the shareholding structure due to margin trading or stock lending[15]. - There are no preferred shareholders with restored voting rights reported[18]. - The company is unaware of any other shareholders having related party relationships or acting in concert, aside from the known major shareholders[15]. Cash Flow Activities - In Q1 2025, the cash inflow from operating activities was CNY 2,699,628,001.95, a decrease of 48.7% compared to CNY 5,248,471,292.73 in Q1 2024[32]. - The net cash flow from operating activities was negative at CNY -1,680,555,845.88, contrasting with a positive CNY 513,658,700.46 in the same quarter last year[33]. - Cash inflow from investment activities totaled CNY 20,190,576,987.17, significantly up from CNY 11,227,824,634.52 in Q1 2024, marking an increase of 79.5%[33]. - The net cash flow from investment activities was CNY -2,669,318,161.21, compared to a positive CNY 1,538,320,903.79 in Q1 2024[33]. - Cash inflow from financing activities was CNY 206,609,861.66, a substantial increase from CNY 1,650,000.00 in Q1 2024[33]. - The net cash flow from financing activities was CNY -1,922,061,593.74, worsening from CNY -991,632,490.02 in the previous year[33]. - The total cash and cash equivalents at the end of Q1 2025 stood at CNY 16,046,869,739.03, down from CNY 21,942,028,148.72 at the end of Q1 2024[35]. - The company reported a significant increase in cash received from investment recoveries, amounting to CNY 20,147,272,631.07, compared to CNY 11,216,857,519.65 in the previous year[33]. - The total cash outflow from operating activities was CNY 4,380,183,847.83, slightly lower than CNY 4,734,812,592.27 in Q1 2024[33]. - The company experienced a cash decrease of CNY 6,272,338,427.61 in Q1 2025, contrasting with an increase of CNY 1,060,409,366.82 in Q1 2024[33].

Financial Performance - In 2024, Wukuang Capital achieved a net profit of 685.63 million yuan, with a distributable profit of 490.94 million yuan after accounting for statutory surplus reserves and dividend distributions[11]. - Total revenue for 2024 was CNY 7,982,315,299.43, a decrease of 18.35% compared to CNY 9,776,282,402.97 in 2023[27]. - Net profit attributable to shareholders for 2024 was CNY 505,506,807.10, down 78.08% from CNY 2,306,311,371.79 in 2023[27]. - Basic earnings per share for 2024 dropped to CNY 0.01, a decrease of 97.44% compared to CNY 0.39 in 2023[28]. - The company achieved total operating revenue of 7.98 billion yuan, a year-on-year decline of 18.35%, and net profit attributable to shareholders was 505.51 million yuan, down 78.08%[43]. - The company reported a significant drop in commission income, with Q4 2024 commission income at 804.82 million RMB, down from 1.12 billion RMB in Q1 2024[32]. - The company reported a 34.05% decrease in fee and commission income, totaling CNY 2,826,832,369[88]. - The company’s net profit attributable to shareholders was CNY 50,550,680, reflecting a significant decline of 78.08% year-on-year[86]. Dividend Distribution - The company plans to distribute cash dividends in the range of 5%-10% of the net profit attributable to shareholders for the first half of 2025[11]. - For the first half of 2024, the company plans to distribute a cash dividend of 0.38 RMB per 10 shares, totaling 170.93 million RMB, which represents 34% of the net profit attributable to shareholders[183][188]. - The cumulative cash dividend over the last three fiscal years was approximately 1.73 billion RMB, with a cash dividend payout ratio of 97% based on the average annual net profit of 1.78 billion RMB[189]. - The company has not proposed a profit distribution plan for the current reporting period, citing the need to ensure normal operations and future business development[187]. Investment and Strategic Focus - Wukuang Capital invested 4.289 billion yuan in clean energy and environmental protection sectors, supporting the country's green industrial transformation[5]. - The company is focusing on strategic transformation towards "industrial finance, technology finance, and green finance" to enhance its core competitiveness[44]. - The company is committed to a transformation towards industrial finance, leveraging its integrated industrial chain advantages[4]. - The company aims to strengthen risk management and compliance to safeguard financial stability and operational safety[7]. - The company plans to continue its strategic transformation and focus on enhancing its core business areas to improve profitability in the upcoming quarters[30]. - The company is focusing on business transformation and enhancing risk management capabilities, which has impacted commission income[29]. Awards and Recognition - Wukuang Capital received three awards, including the "National New Cup ESG Golden Bull Award" for its commitment to ESG governance[4]. - The company has received multiple awards for its ESG governance, including the "Carbon Neutrality Top 20" award from China Securities Journal[49]. Risk Management - The company has established a comprehensive risk management system and is enhancing its digital capabilities to improve operational efficiency[48]. - The company aims to enhance its core functions and competitiveness by focusing on supporting the real economy and aligning financial services with societal needs[135]. - The company faces credit risk due to uncertainties in the domestic economy, which may increase exposure in trust and leasing businesses[141]. - Market risk is heightened by significant fluctuations in the securities market, influenced by weak macroeconomic recovery and external disturbances[142]. - Liquidity risk is a concern due to limited financing channels, which may pressure the company's liquidity management[143]. - Compliance risk is increasing due to stricter regulatory requirements and the need for timely adaptation to policy changes[144]. Operational Efficiency - The company is focusing on digital transformation and ESG development to optimize its management and operational efficiency[85]. - The company has implemented a comprehensive salary policy in line with national guidelines, focusing on enhancing core functions and competitiveness[180]. - The company has established a talent training program aimed at building a sustainable workforce, utilizing both digital platforms and in-person training[181]. - The company aims to enhance service value by integrating financial services with key industry chain demands, promoting a four-dimensional service model[139]. Corporate Governance - The company has organized 3 annual and temporary shareholder meetings, 11 board meetings, and 6 supervisory meetings in 2024, ensuring effective governance and stakeholder engagement[149]. - The company disclosed 4 periodic reports and 64 temporary announcements in 2024, continuously improving the quality of information disclosure[150]. - The company maintains independence in assets, personnel, finance, institutions, and business, with a complete business system and independent operational capabilities[151]. - The company has established an independent financial department with a complete accounting system, ensuring no shared bank accounts with the controlling shareholder[154]. - The company has a complete set of personnel management systems, with all senior management receiving salaries solely from the company[153]. Market and Industry Trends - The trust industry reported an asset scale of CNY 27 trillion as of June 2024, with a year-on-year growth rate of 24.52%[70]. - The financial leasing industry reached a total asset scale of CNY 4.63 trillion, growing by 10.82% compared to the end of 2023[72]. - The securities industry achieved operating revenue of CNY 451.17 billion and net profit of CNY 167.26 billion in 2024, representing year-on-year increases of 11.15% and 21.35% respectively[74]. - The futures market saw a total trading volume of approximately 7.73 billion contracts, a year-on-year decrease of 9.08%, while the total trading value reached CNY 61.93 trillion, marking a year-on-year increase of 8.93%[76]. Employee and Management Structure - The company has a total of 2,604 employees, with 1,658 in sales, 429 in technical roles, and 111 in finance[179]. - The company has seen a change in its board composition, with several new appointments and departures due to work reasons[168]. - The company has a strong educational background among employees, with 1,316 holding postgraduate degrees[179]. - The company has appointed Zhao Ligong as the new chairman and Chen Hui as the new general manager, effective September 2024[167].