Group 1 - The core viewpoint of the article highlights the successful judicial restructuring of Henan Yulian Energy Group, which has emerged from a debt crisis through a "government-court linkage" mechanism, serving as a model for other enterprises in Henan to mitigate risks and achieve industrial upgrades [1][2] Group 2 - Henan Yulian Energy Group, a leading aluminum enterprise in Henan, faced severe operational difficulties starting in 2018, with a debt-to-asset ratio of 100.55% by the end of 2020, risking delisting and bankruptcy [1] - The restructuring process involved collaboration among the government, courts, management, and the enterprise itself, with the establishment of a creditor communication platform and multiple meetings to ensure the legal progress of the restructuring [1] - The company has a current asset value of 24.9 billion yuan, with an industrial scale that includes an annual production capacity of 690,000 tons of aluminum deep processing, 750,000 tons of electrolytic aluminum, and 900,000 kilowatts of electricity [2] - Post-restructuring, the company aims for development in "green, intelligent, and digital" directions, achieving significant advancements in product quality and sustainability, with a projected sales revenue of 44.7 billion yuan and over 1.3 billion USD in export earnings by 2024 [2] - From 2021 to 2024, the listed company, Zhongfu Industrial, is expected to achieve a total tax and profit amounting to 8.533 billion yuan [2]

2025 年 2 月 5 日和 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、第十一届监事会第三次会 议和 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 券交易所网站的相关公告。 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的指导意见》及《上海证券交易 所上市公司自律监管指引第 1 号—规范运作》的要求，现将公司 2025 年员工持 股计划实施进展情况公告如下： 证券代码：600595 证券简称：中孚实业 公告编号：临 2025-037 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 ...

Core Viewpoint - The announcement details that Henan Zhongfu Industrial Co., Ltd. has completed the release of stock pledges related to its controlling shareholder, Henan Yulian Energy Group Co., Ltd., for the non-public issuance of 2018 convertible bonds Group 1 - As of the announcement date, Henan Yulian Energy Group has fully released the pledge of 266,000,000 shares of Zhongfu Industrial stock [1][3] - After the release of the pledge, Yulian Group holds 1,077,248,821 shares, accounting for 26.87% of the total share capital of the company [1][2] - The total number of pledged shares by Yulian Group is now 479,546,592 shares, which is 44.52% of its holdings and 11.96% of the company's total share capital [1][3] Group 2 - Yulian Group and its concerted party, Xiamen Yulian Investment Partnership, hold a combined total of 1,117,248,821 shares, representing 27.87% of the total share capital [2] - The total pledged shares for Yulian Group and Xiamen Yulian after the release is 479,546,592 shares, which is 42.92% of their total holdings [2][3] - Yulian Group has no current plans for further pledging of shares following this release [3]

Group 1 - The company confirms that as of the announcement date, Henan Yicheng Venture Capital Group Co., Ltd. holds 200,471,535 shares, accounting for 5.00% of the total share capital [1] - The reduction plan states that from March 20, 2025, to June 19, 2025, Yicheng Venture Capital intends to reduce its holdings by up to 80 million shares, which is no more than 2% of the total share capital [1] - As of June 19, 2025, Yicheng Venture Capital has reduced its holdings by 69,919,400 shares, representing 1.74% of the total share capital [1] Group 2 - The reduction subject has no concerted actions with other parties [2] - The actual reduction aligns with the previously disclosed reduction plan [2] - The reduction plan was fully implemented within the specified time frame [2]

证券代码：600595 证券简称：中孚实业 公告编号：2025-036 河南中孚实业股份有限公司 减持结果的公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况：截至本公告披露日，河南中孚实业股份有限公司 （以下简称"公司"）持股 5%以上股东河南怡诚创业投资集团有限公司（以下简 称"怡诚创投"）持有公司 200,471,535 股股份，占公司总股本的 5.00%。 减持计划的主要内容：2025 年 2 月 26 日，公司披露了《河南中孚实业 股份有限公司关于持股 5%以上股东拟通过大宗交易方式减持股份计划公告》，怡 诚创投拟自 2025 年 3 月 20 日至 2025 年 6 月 19 日通过大宗交易方式减持公司股 份不超过 8,000 万股，即不超过公司总股本的 2%。具体内容详见公司披露的相 关公告。 减持计划的实施结果情况：2025 年 6 月 19 日，公司收到怡诚创投出具 的《告知函》，截至 2025 年 6 月 19 日，本次减持时间区间已届满。怡诚创投在 减持期间 ...

Group 1 - In 2024, China's bauxite production is expected to be approximately 93 million tons, remaining stable compared to 2023 due to environmental regulations and mining restrictions [1] - China's alumina production is projected to reach about 85.52 million tons in 2024, reflecting a year-on-year growth of 3.9% [2] - The output of electrolytic aluminum in China is estimated to be around 44.01 million tons in 2024, showing a year-on-year increase of 4.6% [4] Group 2 - China's recycled aluminum production is anticipated to be about 10.5 million tons in 2024, continuing its growth trend despite previous slowdowns [5][8] - The production of aluminum processing materials in China is expected to be around 64.6 million tons in 2024, with a year-on-year growth of 4.2%, accounting for 67.15% of the global total [9]

Core Viewpoint - The announcement details that Henan Zhongfu Industrial Co., Ltd. has completed the process of releasing stock pledges related to its controlling shareholder, Henan Yulian Energy Group Co., Ltd., for the non-public issuance of 2018 convertible bonds. Group 1: Stock Pledge Release - As of the announcement date, Henan Yulian Energy Group has fully released the pledge of 266,000,000 shares of Zhongfu Industrial stock related to the 2018 convertible bonds [2][3] - After the release of the stock pledge, Yulian Group holds a total of 1,077,248,821 shares, accounting for 26.87% of the total share capital of the company [2] - The cumulative number of pledged shares by Yulian Group after the release is 479,546,592 shares, which is 44.52% of its total holdings and 11.96% of the company's total share capital [2] Group 2: Pledge Details - On June 16, 2025, Yulian Group notified the company that it had completed the release of the pledge for 20,216,000 shares of Zhongfu Industrial stock [2] - The shares released include 14,256,000 shares from the first phase and 5,960,000 shares from the second phase of the pledged account [2] - Yulian Group has no current plans for subsequent pledges following this release, but will inform the company of any changes [3]

证券代码：600595 证券简称：中孚实业 公告编号：临 2025-035 河南中孚实业股份有限公司 关于控股股东拟解除非公开发行 2018 年可交换公司债券 2025 年 5 月 30 日，公司接豫联集团通知，豫联集团拟解除非公开发行 2018 年可交换公司债券 20,216,000 股中孚实业股票质押担保。2025 年 6 月 16 日，公 司接豫联集团通知，豫联集团拟解除非公开发行 2018 年可交换公司债券 20,216,000 股中孚实业股票质押担保业务已在中国证券登记结算有限责任公司 上海分公司办理完毕。河南豫联能源集团有限责任公司非公开发行 2018 年可交 换公司债券（第一期）质押专户（以下简称"第一期质押专户"）已将其持有的本 公司 14,256,000 股 A 股股票自第一期质押专户划入豫联集团证券账户。河南豫 联能源集团有限责任公司非公开发行 2018 年可交换公司债券（第二期）质押专 户（以下简称"第二期质押专户"）已将其持有的本公司 5,960,000 股 A 股股票自 第二期质押专户划入豫联集团证券账户。 部分股票质押担保业务办理完毕的公告 本公司董事会及全体董事保证本公告内容不存 ...

随着欧盟 CBAM 落地，拥有绿电的企业将具备定价权及市场准入权，中 孚实业深度布局绿电铝，展现出强大的资源与成本优势，有望实现跨越 式增长。 Q&A 为什么在当前时点看好中孚实业？ 中孚实业 20250611 从行业层面来看，今年铝价在进入淡季后仍然坚挺，价格维持在 2 万元以上， 并且随着近期铝价的下行，整个行业的盈利水平逐步扩张。尽管市场担心光伏 排产下修对铝价的影响，但从 5 月底以来，铝价依然稳定，库存保持极低位， 这表明压力测试已经经历过。尤其是在旺季转淡季期间，这种压力测试矫正了 之前的预期，使得整个铝板块被低估，包括中孚实业。 从公司层面来看，中孚 实业自 1993 年成立以来，通过破局重启和收购少数股东电解铝股权，目前已 达到绿电 50 万吨、火电 25 万吨的布局。四川水电铝布局具有成本优势，下游 配套加工有望受益于欧盟碳边境调节机制落地后的绿色认证。此外，公司经营 获利显著提升，员工持股计划激发管理和经营活力，以及分红比例大幅提升， 都为公司价值重估提供了良好基础。因此，我们非常看好中孚实业未来的发展 前景及上涨空间。 摘要 铝价稳定且库存低位表明市场已通过压力测试，旺季转淡季期间的调整 ...

证券代码：600595 证券简称：中孚实业 公告编号：2025-034 河南中孚实业股份有限公司 关于持股 5%以上股东权益变动触及 1%及 5%刻度的 提示性公告 投资者河南怡诚创业投资集团有限公司保证向本公司提供的信息真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： ? 本次权益变动为信息披露义务人河南怡诚创业投资集团有限公司（以下 简称"怡诚创投"）履行此前已披露的减持股份计划，不触及要约收购。 ? 本次权益变动为持股 5%以上非第一大股东减持，不会导致河南中孚实 业股份有限公司（以下简称"公司"）控股股东、实际控制人发生变化，不会对公 司治理结构及持续经营产生重大影响。 ? 本次权益变动前，怡诚创投持有公司股份数量为 27,039.0935 万股，占公 司总股本的 6.74%；本次权益变动后，怡诚创投持有公司股份数量为 20,047.1535 万股，占公司总股本的 5.00%。 ? 2025 年 6 月 11 日，怡诚创投通过大宗交易方式减持公司 4,968.7400 万 股股份，其权益变动同时触及 1%及 5 ...