Financial Performance - The company's operating revenue for Q1 2025 was ¥5,021,367,993.85, a decrease of 3.10% compared to ¥5,182,180,353.54 in the same period last year[4] - Net profit attributable to shareholders increased significantly to ¥230,337,886.13, representing a 426.79% increase from ¥43,725,056.69 year-on-year[4] - The net profit after deducting non-recurring gains and losses reached ¥183,088,237.32, up 943.49% from ¥17,545,750.97 in the previous year[4] - The company's basic and diluted earnings per share both rose to ¥0.06, a 500.00% increase compared to ¥0.01 in the same period last year[4] - Operating profit for Q1 2025 increased significantly to CNY 261,432,394.58, compared to CNY 61,229,675.24 in Q1 2024[21] - Net profit for Q1 2025 was CNY 187,581,017.13, a substantial increase from CNY 38,872,330.88 in Q1 2024[22] - The company's operating profit for Q1 2025 was a loss of ¥28,794,647.59, compared to a profit of ¥57,867,620.78 in Q1 2024, highlighting a significant decline in operational performance[33] - The total comprehensive income for Q1 2025 was also a loss of ¥28,914,551.73, compared to a comprehensive income of ¥57,945,431.97 in Q1 2024, indicating a consistent trend in financial performance[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥23,822,315,870.38, down 1.22% from ¥24,116,446,831.42 at the end of the previous year[5] - Non-current assets totaled CNY 17,128,054,220.40, a decrease from CNY 17,736,488,317.72 in the previous period[18] - Total liabilities amounted to CNY 7,948,280,257.58, slightly down from CNY 7,974,953,906.62[18] - The total assets as of March 31, 2025, amounted to 14,951,023,428.51 RMB, an increase from 14,123,199,641.32 RMB as of December 31, 2024[30] - The total liabilities increased to 3,699,403,275.70 RMB as of March 31, 2025, compared to 3,566,981,126.92 RMB at the end of 2024[31] - The total equity as of March 31, 2025, was 11,251,620,152.81 RMB, up from 10,556,218,514.40 RMB at the end of 2024[31] Cash Flow - The net cash flow from operating activities was negative at -¥250,106,757.85, a decline of 416.13% compared to ¥79,115,358.73 in the same period last year[4] - In Q1 2025, the net cash flow from operating activities was -250,106,757.85 RMB, a significant decline compared to 79,115,358.73 RMB in Q1 2024[25] - The cash flow from operating activities for Q1 2025 was a net outflow of ¥38,163,911.68, an improvement from a larger outflow of ¥125,430,503.75 in Q1 2024[36] - The company reported cash inflows from financing activities of ¥724,284,744.93 in Q1 2025, contrasting with an outflow of ¥37,386,108.61 in Q1 2024, showing a positive financing position[37] - The cash outflow for purchasing fixed assets in Q1 2025 was 126,595,580.48 RMB, a decrease from 186,416,596.57 RMB in Q1 2024[26] - The company reported a decrease in cash received from operating activities, totaling 4,084,528,993.61 RMB in Q1 2025, compared to 4,099,874,278.97 RMB in Q1 2024[25] Investments - Non-recurring gains and losses amounted to ¥47,249,648.81 after tax, with significant contributions from government subsidies and fair value changes of financial assets[7] - The company reported a substantial increase in trading financial assets by 340.67%, primarily due to increased aluminum futures trading[7] - The company received 724,284,744.93 RMB from investment in Q1 2025, indicating active capital raising efforts[26] - The cash outflow from investing activities in Q1 2025 was ¥998,944,800.00, a significant increase compared to ¥205,000,000.00 in Q1 2024, indicating aggressive investment strategies[36] - The company did not report any investment income in Q1 2025, contrasting with ¥431,510,000.00 in Q1 2024, reflecting a shift in investment performance[36] Shareholder Information - 河南豫联能源集团有限责任公司持有公司1,077,248,821股股份，其中"河南豫联能源集团有限责任公司"持有811,248,821股[11] - 公司以125,394.48万元收购河南中孚铝业有限公司24%的股权，收购后持股比例将增至100%[13] - 2025年2月，中孚铝业完成股东变更工商登记后，公司将持有中孚铝业100%的股权[13] - 公司在2024年第三次临时股东大会上审议通过了收购河南中孚铝业有限公司股权的议案[13]

中孚实业（600595）公告，2025年第一季度营收为50.21亿元，同比下降3.10%；净利润为2.3亿元，同 比增长426.79%。 ...

河南中孚实业股份有限公司关于召开2024年度暨2025年第一季度业绩说明会的公告 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600595 证券简称：中孚实业 公告编号：2025-015 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。 ● 会议召开时间：2025年4月16日（星期三）10:00-11:00 ● 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.sseinfo.com/） ● 会议召开方式：上证路演中心网络互动 二、说明会召开的时间、地点 （一）会议召开时间：2025年4月16日（星期三）10:00-11:00 （二）会议召开地点：上证路演中心 （三）会议召开方式：上证路演中心网络互动 三、参加人员 独立董事：刘红霞女士 董事、总经理：钱宇先生 财务总监：张健先生 重要内容提示： ● 投资者可于2025年4月9日（星期三）至4月15日（星期二）16:00前登录上证路演中心网站首页点 击"提问预征集"栏目或通过公司邮箱zhqb@zfsy.com.cn进行提问。公司将在 ...

会议召开方式：上证路演中心网络互动 证券代码：600595 证券简称：中孚实业 公告编号：2025-015 河南中孚实业股份有限公司 关于召开 2024 年度暨 2025 年第一季度 业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 4 月 16 日（星期三）10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 三、参加人员 独立董事：刘红霞女士 董事、总经理：钱宇先生 投资者可于 2025 年 4 月 9 日（星期三）至 4 月 15 日（星期二）16:00 前 登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 zhqb@zfsy.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 河南中孚实业股份有限公司（以下简称"公司"）将于 2025 年 4 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 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。 特此公告。 河南中孚实业股份有限公司董事会 2025年3月28日 前述事项相关议案已分别经公司第十一届董事会第三次会议和2025年第一次临时股东大会审议通过，具 体内容详见公司于2025年2月6日和2月22日披露在《中国证券报》《上海证券报》及上海证券交易所网 站的相关公告。 二、公司2025年员工持股计划协议受让公司股份的进展 2025年3月27日，公司2025年员工持股计划已向处置专户全额支付股份交易价款合计724,284,744.93元。 2025年3月28日，公司2025年员工持股计划及处置专户收到中国证券登记结算有限责任公司出具的《证 券过户登记确认书》，处置专户已将其持有的公司259,600,267股股票过户至公司2025年员工持股计划。 本次过户完成后，公司2025年员工持股计划持有公司股份数量为259,600,267股，占公司总股本的 6.47%。 公司发布的信息以在指定信息披露媒体《中国证券报》《上海证券报》及上 ...

证券代码：600595 证券简称：中孚实业 公告编号：临2025-014 河南中孚实业股份有限公司 关于2025年员工持股计划协议受让公司股份的进展公告 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。 一、公司 2025 年员工持股计划协议受让公司股份的基本情况 2025 年 2 月 5 日，河南中孚实业股份有限公司（ 以下简称（ 公司"）2025 年 员工持股计划与公司破产企业财产处置专用账户 以下简称 处置专户"）签订 《股份转让协议》。根据约定，公司 2025 年员工持股计划拟受让处置专户持有的 公司 259,600,267 股股票（ 占公司目前总股本的 6.47%），交易价格为协议签订前 一日公司股票收盘价的 90%，股份交易价款为 724,284,744.93 元。 2025 年 3 月 28 日 前述事项相关议案已分别经公司第十一届董事会第三次会议和 2025 年第一 次临时股东大会审议通过，具体内容详见公司于 2025 年 2 月 6 日和 2 月 22 日 披露在《中国证券报》《上海证券报》及上海证券交易所网站 ...

证券代码：600595 证券简称：中孚实业 公告编号：临 2025-013 河南中孚实业股份有限公司 关于公司 2025 年员工持股计划实施进展的公告 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、准确性和完整性依法承担法律责任。 一、公司 2025 年员工持股计划概述 2025 年 2 月 5 日、2025 年 2 月 21 日，河南中孚实业股份有限公司（以下简 称"公司"）分别召开第十一届董事会第三次会议和第十一届监事会第三次会议、 公司 2025 年第一次临时股东大会，审议通过了《关于<河南中孚实业股份有限公 司 2025 年员工持股计划（草案）>及其摘要的议案》《关于<河南中孚实业股份 有限公司 2025 年员工持股计划管理办法>的议案》《关于提请股东大会授权董事 会办理公司 2025 年员工持股计划有关事项的议案》。具体内容详见公司于 2025 年 2 月 6 日、2025 年 2 月 22 日披露在《中国证券报》《上海证券报》和上海证 券交易所的相关公告。 二、公司 2025 年员工持股计划实施进展情况 根据《关于上市公司实施员工持股计划试点 ...

Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [1] Core Views - The company has completed its bankruptcy reorganization and launched an employee stock ownership plan, with a total capacity of 75/69/225 million tons in electrolytic aluminum, aluminum processing, and coal respectively [3] - The company's electrolytic aluminum capacity has increased to 750,000 tons, with a 50% increase in equity capacity due to two acquisitions [3] - The electricity cost for the company's hydropower aluminum in Sichuan is expected to decrease year-on-year starting in 2025 [3] - The decline in alumina prices is expected to enhance the profit margins of electrolytic aluminum [3] - The company forecasts net profits of 767 million, 2.102 billion, and 2.662 billion yuan for 2023-2025, with respective year-on-year growth rates of -33.86%, +174.24%, and +26.62% [3] Company Overview - The company was established in 1993 and has transitioned from a power generation business to focus on electrolytic aluminum and aluminum processing [10] - The company has a total electrolytic aluminum capacity of 750,000 tons and has been involved in multiple aluminum processing projects [10] Business Analysis - The company has shifted its electrolytic aluminum production from coal-fired to hydropower in Sichuan to optimize energy structure and avoid winter production restrictions [41] - The company has achieved a significant increase in its electrolytic aluminum equity capacity through strategic acquisitions [43] - The company’s aluminum processing products primarily include materials for easy-open cans, which account for about 80% of total sales [56] Financial Analysis - The company has shown a turnaround in profitability post-reorganization, with net profits of 656 million, 1.050 billion, and 1.159 billion yuan from 2021 to 2023 [20] - The company's asset-liability ratio has significantly improved post-reorganization, stabilizing below 35% [33] - The company’s gross margin and net margin for the first three quarters of 2024 were 11.05% and 4.8% respectively [70]

Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [1] Core Views - The company has completed its bankruptcy reorganization and launched an employee stock ownership plan, with a total capacity of 75/69/225 million tons in electrolytic aluminum, aluminum processing, and coal respectively [3] - The company's electrolytic aluminum capacity has increased to 750,000 tons, with a 50% increase in equity capacity due to two acquisitions in 2023 and 2024 [3] - The electricity cost for the company's hydropower aluminum in Sichuan is expected to decrease year-on-year starting in 2025 due to changes in electricity trading rules [3] - The decline in alumina prices is expected to enhance the profit margins of electrolytic aluminum production [3] - The company forecasts net profits of 767 million, 2.102 billion, and 2.662 billion yuan for 2023-2025, with respective year-on-year growth rates of -33.86%, +174.24%, and +26.62% [3] Company Overview - The company, established in 1993, primarily engages in electrolytic aluminum, aluminum processing, and coal, with a total capacity of 75 million tons for electrolytic aluminum [10] - The company has undergone significant restructuring and has successfully emerged from a ST crisis, completing its reorganization plan in 2021 [12] Business Analysis - The company has shifted its electrolytic aluminum production from coal-fired to hydropower in Sichuan to optimize energy structure and avoid winter production restrictions [41] - The company’s aluminum processing segment has seen a decrease in revenue contribution, while the electrolytic aluminum segment has experienced rapid growth [32] Financial Analysis - The company has shown a significant improvement in financial health post-reorganization, with net profits of 656 million, 1.050 billion, and 1.159 billion yuan from 2021 to 2023 [20] - The asset-liability ratio has decreased significantly from 100.55% in 2020 to around 35% in 2022-2024 [33] - The company’s gross margin and net margin for the first three quarters of 2024 were 11.05% and 4.8% respectively, indicating a competitive position in the industry [70]

证券代码：600595 证券简称：中孚实业 公告编号：临 2025-012 河南中孚实业股份有限公司 关于收购股权暨关联交易的进展公告 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： 根据河南中孚实业股份有限公司（以下简称"公司"或"中孚实业"）收 购控股股东河南豫联能源集团有限责任公司（以下简称"豫联集团"）持有的河 南中孚铝业有限公司（以下简称"中孚铝业"）24%股权的约定，公司向豫联集 团支付股权收购款比例已达到 51%。截至目前，中孚铝业已完成股东变更工商登 记。前述工商变更登记完成后，公司持有中孚铝业 100%的股权。 根据公司与豫联集团签订的《关于河南中孚铝业有限公司股权收购合同》 （以下简称《股权收购合同》）约定，公司尚需于 2025 年 12 月 31 日前向豫联集 团支付剩余股权收购款。 2024 年 10 月 11 日和 10 月 28 日，公司分别召开第十届董事会第三十次会 议和 2024 年第三次临时股东大会，审议通过了《关于公司收购河南中孚铝业有 限公司 24%股权暨关联交易的议案》（ ...