据证券之星公开数据整理，近期ST盛屯（600711）发布2025年中报。根据财报显示，ST盛屯增收不增 利。截至本报告期末，公司营业总收入138.04亿元，同比上升20.94%，归母净利润10.53亿元，同比下 降5.81%。按单季度数据看，第二季度营业总收入81.37亿元，同比上升49.22%，第二季度归母净利润 7.62亿元，同比下降8.15%。 财务报表中对有大幅变动的财务项目的原因说明如下： 本次财报公布的各项数据指标表现一般。其中，毛利率19.44%，同比减10.52%，净利率9.51%，同比减 13.43%，销售费用、管理费用、财务费用总计7.86亿元，三费占营收比5.69%，同比减5.69%，每股净资 产5.27元，同比增11.49%，每股经营性现金流0.57元，同比减27.8%，每股收益0.34元，同比减4.48% | Guille | | --- | | 屯 最新财务摘要 215 | | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 114.14亿 | 138.04亿 | 20.94% | | 归 ...

Core Viewpoint - ST Shengtun (600711) reported a revenue increase but a decline in net profit for the first half of 2025, indicating challenges in profitability despite higher sales [1] Financial Performance Summary - Total revenue reached 13.804 billion yuan, a year-on-year increase of 20.94% [1] - Net profit attributable to shareholders was 1.053 billion yuan, down 5.81% compared to the previous year [1] - The gross profit margin was 19.44%, a decrease of 10.52% year-on-year [1] - The net profit margin was 9.51%, down 13.43% year-on-year [1] - Total expenses (selling, administrative, and financial) amounted to 786 million yuan, accounting for 5.69% of revenue, a decrease from the previous year's 6.03% [1] Key Financial Metrics - Cash and cash equivalents increased by 46.79% to 7.628 billion yuan due to higher cash inflows from operating activities [1] - Accounts receivable decreased by 30.39% to 902 million yuan [1] - Interest-bearing debt rose by 10.70% to 13.979 billion yuan [1] - Earnings per share decreased by 4.48% to 0.34 yuan [1] - Operating cash flow per share fell by 27.80% to 0.57 yuan [1] Significant Changes in Financial Items - Trading financial assets increased by 74.8% due to the reclassification of investments [2] - Derivative financial assets decreased by 93.93% due to reduced futures hedging gains [3] - Accounts receivable financing rose by 70.95% due to an increase in high-credit bank acceptance bills [4] - Short-term borrowings increased by 30.76% due to higher short-term financing from banks [6] - Deferred income increased by 46.42% due to more government subsidies received by subsidiaries [10] - Net cash flow from investing activities increased by 42.01% as previously invested projects became operational [11] - Net cash flow from financing activities rose by 60.9% due to increased financing [12]

近期ST盛屯（600711）发布2025年中报，证券之星财报模型分析如下： 经营概况 近期ST盛屯发布的2025年中报显示，公司营业总收入达到138.04亿元，同比上升20.94%，但归母净利润 为10.53亿元，同比下降5.81%，扣非净利润为11.62亿元，同比下降6.53%。这表明公司在报告期内出现 了增收不增利的情况。 单季度数据 铜：铜价高位震荡，矿山新增产能有限与冶炼产能扩张矛盾持续，实体需求韧性支撑铜价。 钴：钴价从2024年末约16万元/吨反弹至6月底约25万元/吨，主要因刚果(金)政府出口限制政策。 镍：镍价"先扬后抑"，一季度冲高至13.6万元/吨，后续回落至12万元/吨。 锌：锌价震荡下跌后企稳，SHFE主力合约报收22,495元/吨，较2024年底下跌11.6%。 黄金：金价强劲上涨，4月创3,450美元/盎司历史新高，上半年美元计价上涨26%。 财务指标变动原因 行业及业务发展 报告期内，公司所属行业及主营业务涉及多个金属品种。在"双碳"目标推动下，铜、钴、镍等能源金属 价格保持较强韧性，而精炼锌加工费有所回暖，贵金属黄金价格表现强劲。 商业模式及偿债能力 毛利率：19.44%，同比 ...

Core Viewpoint - 盛屯矿业 demonstrated strong stability in its half-year report for 2025, with a revenue of 13.804 billion yuan, a year-on-year increase of 20.94%, and a net profit of 1.053 billion yuan, reflecting the company's focus on strategic metal resources like copper, nickel, and cobalt [1] Group 1: Financial Performance - In the first half of 2025, the company achieved a total profit of 1.352 billion yuan, a year-on-year increase of 0.47%, and basic earnings per share of 0.34 yuan [1] - The energy metals business generated revenue of 9.187 billion yuan, with copper production at 102,600 metric tons and nickel production at 24,500 metric tons, reflecting a year-on-year growth of 9.87% [2] - The basic metals business recorded sales revenue of 3.849 billion yuan, with gold production reaching 110.23 kg [4] Group 2: Strategic Initiatives - The company is enhancing resource security through deepening resource layout, strengthening project management, and fostering strategic partnerships [1] - A joint venture with Xiamen Xatong New Energy Materials Co., Ltd. aims to build a production line for 40,000 tons of new energy battery precursors in Guizhou Province [3] - The company is actively expanding its production capacity, with ongoing projects to increase copper production capacity to 120,000 metric tons per year [2] Group 3: Cost Management and Operational Efficiency - The company is focused on cost control and operational efficiency, achieving a period expense ratio of 5.90%, a decrease of 0.33 percentage points year-on-year [5] - Continuous optimization of the operational system and detailed management practices have led to significant improvements in operational efficiency [6] - The company is positioned to benefit from a favorable industry outlook, with expectations of profit and valuation growth [6]

盛屯矿业集团股份有限公司2025 年半年度报告 公司代码：600711 公司简称：ST 盛屯 盛屯矿业集团股份有限公司 盛屯矿业集团股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人熊波、主管会计工作负责人周华林及会计机构负责人（会计主管人员）刘志环 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述，不构成公司对投资者的实质承诺，敬 请投资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细描述存在的行业风 ...

持有有 | 的 | | 股东性 | 持股比 | 持股 | | 限售条 | | | 质押、标记或冻结 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名称 | | | | | | | | | | | | 例(%) | | 质 | | 数量 | | 件的股 | | | 股份数量 | | | | | | | | 份数量 | | | | | | | 境内非 | | | | | | | | | | | | 深圳盛屯集团有限公司 | | | 国有法 | 14.80 | 457,494,897 | | | 0 | 质押 | | | 156,000,000 | | | | | | | | | | | | 人 | | | | | | | | | | | | 境内非 | | | | | | | | | | | | 深圳市盛屯实业发展有限 | | | | | | | | | | | | 国有法 | | | 1.84 | 57,000,000 | | 0 | 无 | | 0 | | | 公司 | | | | | | | | | | ...

Group 1 - The company held its 19th meeting of the 11th Board of Directors on July 29, 2025, to review and approve the 2025 semi-annual report and summary [1][2] - The semi-annual report was prepared in compliance with relevant laws and regulations, and was confirmed by the board members, supervisors, and senior management [1][2] - The board approved a proposal for a project investment cooperation agreement and related party transactions [2][3] Group 2 - Green Energy International Limited plans to invest in the construction of a solar and energy storage power station at the site provided by the company's subsidiary, Brother Mining SASU, with an expected scale of 18MW for solar and 20MW/20MWh for energy storage [3] - The project will have a 10-year cooperation period with a phased decreasing pricing model, with an estimated total payment of approximately $48.06 million for electricity over the 10 years [3] - The related party transaction was approved by the independent directors of the board and does not require submission to the shareholders' meeting [3][4]

证券代码：600711 证券简称：ST 盛屯 公告编号：2025-032 一、审议通过《关于 2025 年半年度报告正文及摘要的议案》。 就董事会编制的 2025 年半年度报告，监事会提出审核意见如下： 章程和公司内部管理制度的各项规定； 所的各项规定，所包含的信息能真实反映公司 2025 年半年度的经营管理成果和 财务状况。 在提出本意见前，未发现参与年报编制和审核人员有违反保密规定的行为。 盛屯矿业集团股份有限公司 第十一届监事会第十六次会议决议公告 本公司监事会及全体监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个别及连带责任。 盛屯矿业集团股份有限公司（以下简称"盛屯矿业"或"公司"）第十一届 监事会第十六次会议于 2025 年 7 月 29 日以现场的方式召开，会议通知于 2025 年 7 月 24 日以电子邮件方式发出。会议应到监事 3 名，实到监事 3 名。会议由 公司监事会主席张晓红先生主持。本次会议符合《中华人民共和国公司法》等有 关法律、法规、规章、规范性文件和《盛屯矿业集团股份有限公司章程》（以下 简称"《公司章程》"）的规定。 经 ...

●为优化电源结构，增加能源供给，降低公司运营成本，公司控股子公司 Brother Mining SASU（兄弟矿业单一简易有限公司，以下简称"BMS"）拟与 Green Energy International Limited（格睿绿能国际有限公司，以下简称"格睿绿能 国际"）签署《光储项目投资及能源管理协议》。格睿绿能国际负责光储电站的设 计、建设及全部投资并向 BMS 提供光储发电节能服务。光储电站建成后，BMS 在 项目合作运营期限内按合同约定优惠电价将 100%全部消纳所产生的电能。协议 拟确定的电价收费模式为 10 年合作期、分阶段递减模式，10 年预计共计支付电 费约 4,806 万美元（以最终实际购买电量计算结果为准）。 证券代码：600711 证券简称：ST盛屯 公告编号：2025-033 盛屯矿业集团股份有限公司 关于公司拟签订项目投资合作协议 暨关联交易的公告 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个别及连带责任。 重要内容提示： ●格睿绿能国际为深圳盛屯集团有限公司（以下简称"深圳盛屯集团"）全 资孙公司， ...

Group 1 - The company held a special meeting of independent directors on July 28, 2025, to discuss a proposed investment cooperation agreement and related party transactions [1] - Green Energy International Limited plans to invest in the construction of a solar and energy storage station at Brother Mining SASU, with an expected scale of 18MW for solar and 20MW/20MWh for energy storage [1] - The project will have a 10-year cooperation period with a phased decreasing pricing model, with an estimated total electricity payment of approximately $48.06 million over the 10 years [1] Group 2 - The related party transaction adheres to objective and reasonable principles, with strict compliance to legal regulations and company policies, ensuring fair pricing and no harm to the interests of the company or its shareholders [2] - The voting results for the transaction were unanimous, with 3 votes in favor, 0 against, and 0 abstentions [2]