2024 年年度股东大会之 法律意见书 地址：宁夏银川市金凤区北京中路 166 号德宁国际中心 28、29 层 电话: (0951) 5677929 电子邮箱：lxylaws@126.com 二〇二五年四月 国浩律师（银川）事务所 关于宁夏建材集团股份有限公司 北京/上海/深圳/杭州/广州/昆明/天津/成都/宁波/福州/西安/南京/南宁/济南/重庆/苏州/长沙/太原/武汉/贵阳/乌鲁木齐/郑州/石家庄/合肥/海南/青岛/南昌/大连/银川/香港/巴黎/马德里/硅谷/斯 德哥尔摩/纽约 BEIJING / SHANGHAI / SHENZHEN / HANGZHOU / GUANGZHOU / KUNMING / TIANJIN / CHENGDU / NINGBO / FUZHOU / XI'AN / NANJING / NANNING / JINAN / CHONGQING / SUZHOU / CHANGSHA/ TAIYUAN /WUHAN/ GUIYANG / URUMQI / ZHENGZHOU / SHIJIAZHUANG / HEFEI / HAINAN / QINGDAO / NANCHANG ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥877,753,793.58, a decrease of 43.97% compared to ¥1,566,593,410.34 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥8,408,065.84, an improvement from a loss of ¥15,473,222.41 year-on-year[4] - The net cash flow from operating activities was a negative ¥27,592,405.07, compared to a negative ¥63,252,615.75 in the previous year[4] - The company's basic and diluted earnings per share were both -¥0.02, compared to -¥0.03 in the same period last year[4] - The weighted average return on equity improved to -0.12%, an increase of 0.1 percentage points from -0.22% year-on-year[4] - The company reported a gross profit margin of approximately -3% for Q1 2025, compared to -1.25% in Q1 2024[19] - Net loss for Q1 2025 was ¥15,443,845.67, an improvement from a net loss of ¥17,869,566.38 in Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,256,377,712.66, down 3.41% from ¥10,618,963,806.74 at the end of the previous year[5] - Total current assets decreased from 5,324,114,352.64 RMB to 5,031,152,315.60 RMB, a decline of approximately 5.5%[14] - Total liabilities decreased from ¥2,963,858,822.65 in the previous period to ¥2,614,536,584.35[16] - Total equity attributable to shareholders decreased slightly from ¥7,276,468,435.55 to ¥7,270,113,353.40[16] - The total assets as of March 31, 2025, amounted to CNY 9,465,751,186.83, down from CNY 9,603,707,961.66 at the end of 2024, reflecting a decline of approximately 1.4%[27] - The total liabilities decreased to CNY 2,642,647,544.98 from CNY 2,783,571,606.69, a reduction of about 5.1%[27] Cash Flow - Cash and cash equivalents decreased by 107.37%, primarily due to increased repayments of external borrowings[8] - Operating cash flow for Q1 2025 was negative at ¥27,592,405.07, compared to negative ¥63,252,615.75 in Q1 2024[23] - Cash received from investment recovery in Q1 2025 was ¥650,000,000.00, significantly higher than ¥50,000,000.00 in Q1 2024[23] - The company reported a net cash outflow from investing activities of CNY 20,456,585.34 in Q1 2025, compared to a larger outflow of CNY 234,493,553.83 in Q1 2024[24] - The financing activities generated a net cash outflow of CNY 53,483,673.37 in Q1 2025, contrasting with a net inflow of CNY 248,785,053.39 in Q1 2024[24] - The company experienced a decrease in cash and cash equivalents, with a net decrease of -104,661,956.57 RMB in Q1 2025, compared to an increase of 20,680,740.48 RMB in Q1 2024[34] Shareholder Information - Total number of common shareholders at the end of the reporting period is 35,885[10] - The largest shareholder, China National Building Material Group Corporation, holds 234,475,104 shares, accounting for 49.03% of total shares[10] Research and Development - The company's research and development expenses increased by 29.98%, attributed to higher expenditures on R&D projects[7] - Research and development expenses for Q1 2025 were ¥6,777,056.58, an increase from ¥5,213,863.69 in Q1 2024[19] Inventory and Receivables - Accounts receivable decreased from 1,458,758,238.45 RMB to 1,269,724,087.88 RMB, a reduction of about 12.9%[14] - Inventory increased significantly from 249,018,310.19 RMB to 367,262,370.01 RMB, an increase of approximately 47.6%[14] Management and Accounting - The company has no significant changes in shareholder relationships or actions that require disclosure[11] - The company is not applying new accounting standards or interpretations starting from 2025[35] - The company incurred management expenses of CNY 6,709,606.54 in Q1 2025, down from CNY 13,144,282.78 in Q1 2024, indicating a reduction of about 48.9%[30] Comprehensive Income - The total comprehensive income for the period was reported at 2,967,286.88 RMB, compared to 4,082,759.87 RMB in the previous period[31]

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.0200 | -0.0300 | 33.33 | 0.0100 | | 每股净资产（元） | 15.2 | 14.91 | 1.95 | 14.74 | | 每股公积金(元) | 4.15 | 4.15 | 0 | 4.15 | | 每股未分配利润(元) | 9.13 | 8.86 | 3.05 | 8.67 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 8.78 | 15.67 | -43.97 | 11.4 | | 净利润(亿元) | -0.08 | -0.15 | 46.67 | 0.06 | | 净资产收益率(%) | -0.12 | -0.22 | 45.45 | 0.09 | 数据四舍五入，查看更多财务数据>> | 名称 | 持有数量(万股) | 占总股本比例 (%) | 增减情况(万 股) | | --- | --- ...

宁夏建材（600449）公告，2025年第一季度营收为8.78亿元，同比下降43.97%；净亏损840.81万元，去 年同期净亏损1547.32万元。 ...

宁夏建材 2024 年年度股东大会 宁夏建材集团股份有限公司 2024 年年度股东大会 会 议 资 料 宁夏建材 2024 年年度股东大会 宁夏建材集团股份有限公司 2024 年年度股东大会议题 1、《宁夏建材集团股份有限公司 2024 年度董事会工作报告》 2、《宁夏建材集团股份有限公司 2024 年度独立董事述职报告》 3、《宁夏建材集团股份有限公司 2024 年度监事会工作报告》 4、《宁夏建材集团股份有限公司 2024 年年度报告》（全文及摘要） 5、《宁夏建材集团股份有限公司 2024 年度财务决算报告》 6、《宁夏建材集团股份有限公司 2024 年度利润分配方案》 7、《关于宁夏建材集团股份有限公司向银行申请综合授信额度的 议案》 8、《关于补选宁夏建材集团股份有限公司非独立董事的议案》 9、《关于宁夏建材集团股份有限公司向中国建材"善建公益"基 金捐款的议案》 1 宁夏建材 2024 年年度股东大会 宁夏建材集团股份有限公司 2024 年年度股东大会议程 一、会议基本情况 （一） 会议召开的日期、时间： 1.现场会议召开日期、时间：2025 年 4 月 24 日 14:00 2.网络投票日期、时 ...

面对严峻复杂的经营环境公司直面挑战主动作为抓经营强管理遏制并扭转经营恶化的趋势在重压之下稳住效益基本盘2024年全年公司实现营业收入86.5亿较上年同期减少16.87%利总2.86亿较上年同期减少25.56%微母净利2.41亿较上年同期减少18.82% 基础建材业务基于践行价格利益理念 着力推进精准册封 刚性册封 引领区域行业生态建设不断优化产品结构和营销策略 外托市场稳妇子 深挖潜力 降本增销发挥集中采购优势 大众物资采购成本同比实现下降 持续加强预设生产 节能降耗 智库化改造 促进塑料综合电耗、煤耗、能耗品质的下降博导车输出物流业务持续进行内部业务拓展根据用户及平台管理需求不断优化平台的技术架构完成功能进一步提高物流运营能力提升服务价值2020年末博导车平台累计注册车辆185.7万辆 公司投资建设的数据中心以投运基价1044家以通过质量环境职业健康信息安全信息技术服务和业务连续性六项管理体系认证目前已具备计算服务存储服务安全服务网络服务云运营和用户为服务以及容器数据库应用系统等功能可以满足上云服务业务的需要 公司坚持转型升级积极激发企业创新活力自主研发新产品新技术推动研发创新成果转化包括其内新增授权权权权 ...

Group 1 - The A-share computing power leasing concept strengthened in the afternoon session [1] - Hangzhou Steel Group and Hengrun Co., Ltd. reached the daily limit increase [1] - Companies such as Dawi Technology, Ningxia Building Materials, Zhejiang University Network New, and Huizhou Intelligent also saw gains [1]

Investment Rating - The industry investment rating is "Leading the Market-A" [5] Core Viewpoints - Recent price increases in cement across various regions are expected to benefit from increased infrastructure investment [1][10] - The demand for cement is recovering, supported by effective peak-shifting production strategies and low inventory levels, leading to rising prices [3][10] - The cement industry is experiencing a gradual recovery in profitability due to strategic changes among leading companies and improved market conditions [8][10] Summary by Sections Price Increases - Multiple regions have announced price hikes for cement, with increases ranging from 10 to 100 CNY per ton in various areas [1] - As of April 4, 2025, the average prices for PO42.5 bulk cement (including tax) in different regions were reported, showing increases compared to previous lows [2] Demand and Supply Dynamics - National cement production in January-February 2025 was 171 million tons, a year-on-year decrease of 5.7%, but the decline is less severe compared to 2024 [3] - The operating rate of cement kilns in March was reported at 40.1%, a month-on-month increase of 12.5 percentage points, indicating improved production efficiency [3] Cost Factors - The average price of thermal coal has been declining, which supports improved profitability for cement companies as cement prices rise [3] Future Outlook - The cement demand is expected to continue recovering due to increased infrastructure investment and supportive government policies [9][10] - The industry is likely to see ongoing supply-side optimization policies that will help alleviate supply-demand imbalances and support price increases [9][10]

Investment Rating - The report maintains a "Buy" rating for the company, with an expected relative return of over 20% within the next six months [5][8][24]. Core Views - The company achieved a total revenue of 8.65 billion yuan and a net profit attributable to shareholders of 241 million yuan in 2024, reflecting a year-on-year decline of 16.87% and 18.82% respectively [1][5]. - The company's digital logistics business is expected to grow, with a focus on transforming into a data information platform under the China National Building Material Group [4][5]. Summary by Sections Financial Performance - In 2024, the company reported a revenue of 8.65 billion yuan, with a net profit of 241 million yuan, and a non-recurring net profit of 173 million yuan, marking a year-on-year decrease of 31.28% [1][3]. - The fourth quarter saw a significant recovery in non-recurring profit, achieving 71 million yuan, a year-on-year increase of 1117.55% [1]. Cement and Non-Cement Business - The cement and clinker segment experienced a revenue decline of 26% to 2.485 billion yuan, with sales volume down 20% to 10.54 million tons [2]. - The aggregate and concrete segments saw revenue increases of 13% and 3% respectively, reaching 120 million yuan and 370 million yuan [2]. Future Outlook - The company plans to reduce sales volumes for cement, clinker, aggregates, and concrete in 2025 compared to 2024, with projected revenue from basic building materials at 2.857 billion yuan [3]. - The overall gross margin for 2024 was reported at 7.33%, with a net profit margin of 2.67% [3]. Digital Logistics and Transformation - The digital logistics business generated 5.609 billion yuan in revenue, with a focus on transportation services, which accounted for 81% of the revenue [4]. - The company is transitioning towards a data information platform, with potential for profit and valuation enhancement [4][5]. Dividend and Profit Forecast - The company distributed a cash dividend of 0.21 yuan per share, totaling 100 million yuan, with a dividend payout ratio of 42% [5]. - The forecast for net profit attributable to shareholders is adjusted to 350 million yuan for 2025, with expectations of 450 million yuan and 510 million yuan for 2026 and 2027 respectively [5].

宁夏建材集团股份有限公司董事会 对独立董事独立性自查情况的专项报告 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》等要求，并结合独 立董事关于独立性情况的自查情况，宁夏建材集团股份有限公司（以下简称"公 司"）董事会就公司在任独立董事罗立邦、黄爱学、陈世宁的独立性情况进行 评估并出具如下专项意见： 经核查独立董事罗立邦、黄爱学、陈世宁任职经历以及个人自查情况，上 述人员除在公司担任独立董事以外，未在公司、主要股东、实际控制人或者其 附属企业担任任何职务，未直接或者间接持有公司股份，也未与公司、控股股 东、实际控制人或者其各自附属企业有重大业务往来。公司独立董事与公司、 主要股东及实际控制人之间不存在利害关系或者其他可能妨碍其进行独立客 观判断的关系，不存在影响独立董事独立性的情况。公司独立董事符合《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》等规定中关于独立董事任职资格及 独立性的要求，在2024 年度不存在影响独立性的情形。 宁夏建材集团股份有限公司董事会 2 ...