鲁银投资（600784）(600784.SH)发布公告，济南新艺粉末冶金有限公司(简称"新艺粉末")系公司控股子 公司，公司持股比例55%。公司拟以货币方式向新艺粉末增资5634.75万元，其中367.27万元计入注册资 本，5267.48万元计入资本公积。本次增资完成后，公司持股比例为67%。 本次增资有利于进一步提高对新艺粉末的控制力，符合公司对新材料板块的产业发展规划;同时，将增 强其财务实力与战略灵活性，为推进技术迭代、拓展高利润领域和新兴市场提供支撑,有利于增强企业 市场竞争力。 ...

Core Viewpoint - The company plans to increase its investment in its subsidiary, Jinan Xinyi Powder Metallurgy Co., Ltd., by 56.3475 million yuan, raising its ownership stake from 55% to 67% [1] Group 1: Investment Details - The capital increase consists of 3.6727 million yuan allocated to registered capital and 52.6748 million yuan to capital reserves [1] - The investment has been approved by the company's 11th Board of Directors' 24th meeting and does not require shareholder approval [1] Group 2: Subsidiary Performance - Jinan Xinyi Powder Metallurgy Co., Ltd. focuses on powder metallurgy products, reporting revenue of 158.306 million yuan and a net profit of 15.0451 million yuan for the period from January to September 2025 [1] Group 3: Potential Risks - There may be risks associated with the investment not meeting expectations in terms of returns and benefits [1]

Core Viewpoint - The company reported a decline in revenue and net profit for the first three quarters of 2025, indicating challenges in its financial performance [1] Financial Performance - For the first three quarters of 2025, the company achieved revenue of 2.48 billion yuan, a year-on-year decrease of 3.6% [1] - The net profit attributable to shareholders was 160 million yuan, down 36.5% year-on-year [1] - The net profit after deducting non-recurring items was 150 million yuan, reflecting a year-on-year decline of 37.8% [1] - In Q3 2025, the company reported revenue of 830 million yuan, with year-on-year and quarter-on-quarter decreases of 5.6% and 1.1%, respectively [1] - The net profit for Q3 2025 was 30 million yuan, showing a significant year-on-year decline of 57.8% and a quarter-on-quarter decline of 35.5% [1] Business Segments - The company operates in two main segments: salt industry and new materials, with a focus on expanding its salt cavern energy storage projects [2] - The salt segment includes products such as table salt, industrial salt, and bromine, with an annual production capacity of 3.6 million tons, positioning the company as a key player in the industry [2] - A new refined salt project with an annual capacity of 1.2 million tons is under construction, which is expected to enhance production capacity and market share [2] - The new materials segment produces over 600 types of metal powder, with an annual production and sales scale exceeding 220,000 tons, ranking first in Asia and third globally, holding a 30% market share domestically [2] Shareholder Confidence - The controlling shareholder, Shandong Development Investment Holding Group Co., Ltd., announced a plan to increase its stake in the company by investing between 40 million and 80 million yuan within six months [3] Earnings Forecast and Valuation - Revenue projections for 2025-2027 are 3.31 billion, 3.86 billion, and 4.48 billion yuan, with year-on-year changes of -2.2%, +16.8%, and +15.9%, respectively [3] - Net profit forecasts for the same period are 220 million, 330 million, and 430 million yuan, with year-on-year changes of -27.4%, +49.2%, and +32.6% [3] - Based on the closing price on October 30, the corresponding price-to-earnings ratios are projected to be 20, 14, and 10 times [3]

Core Insights - Lu Yin Investment (600784.SH) reported a total operating revenue of 2.481 billion yuan for Q3 2025, ranking 27th among disclosed peers, which represents a decrease of 93.94 million yuan or 3.65% year-on-year [1] - The company's net profit attributable to shareholders was 161 million yuan, ranking 14th among peers, down by 92.70 million yuan or 36.48% compared to the same period last year [1] - Operating cash flow increased to 187 million yuan, ranking 23rd among peers, with a year-on-year increase of 76.06 million yuan or 68.67% [1] Financial Ratios - The latest debt-to-asset ratio is 40.77%, ranking 27th among peers, a decrease of 0.30 percentage points from the previous quarter, but an increase of 2.74 percentage points year-on-year [3] - The latest gross profit margin is 24.49%, ranking 11th among peers, down by 0.39 percentage points from the previous quarter and 0.62 percentage points year-on-year [3] - Return on equity (ROE) stands at 4.95%, ranking 16th among peers, a decrease of 3.22 percentage points year-on-year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is 0.24 yuan, ranking 13th among peers, a decrease of 0.14 yuan or 36.84% year-on-year [3] - The total asset turnover ratio is 0.42 times, ranking 30th among peers, down by 0.06 times year-on-year [3] - The inventory turnover ratio is 3.73 times, ranking 43rd among peers, a decrease of 1.28 times year-on-year [3] Shareholder Information - The number of shareholders is 27,800, with the top ten shareholders holding 307 million shares, accounting for 45.40% of the total share capital [3] - The largest shareholder is Shandong Development Investment Holding Group Co., Ltd., holding 31.6% of shares [3]

Core Viewpoint - LuYin Investment (600784.SH) reported a decline in both revenue and net profit for Q3 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company's operating revenue for Q3 2025 was 829 million yuan, a year-on-year decrease of 5.64% [1] - The net profit attributable to shareholders was 32.17 million yuan, reflecting a significant year-on-year decline of 57.79% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 31.30 million yuan, which also showed a year-on-year decrease of 57.99% [1]

证券代码：600784 证券简称：鲁银投资 编号：2025-044 为进一步完善公司治理结构，提高公司规范运作水平，根据《公 司法》《证券法》《上海证券交易所股票上市规则》《公司章程》等 鲁银投资集团股份有限公司 十一届董事会第二十三次会议决议公告 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。 鲁银投资集团股份有限公司（以下简称"公司"）十一届董事会 第二十三次会议通知于 2025 年 10 月 24 日以电子邮件方式向各位董 事发出，会议于 2025 年 10 月 29 日上午以通讯方式召开，公司董事 7 人，实际参加表决董事 7 人。会议的召集、召开程序符合《公司法》 和《公司章程》的规定。 根据通讯表决结果，会议决议通过以下事项： 一、审议通过《关于公司 2025 年第三季度报告的议案》（详见 上海证券交易所网站 www.sse.com.cn）。 该项议案已经公司十一届董事会审计委员会第十一次会议审议 通过，并同意提交董事会审议。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 二、审议通过《关于修订公司 ...

Group 1 - The company, Luyin Investment, announced that its 11th Board of Directors' 23rd meeting was held on October 29, 2025, via communication methods, where it reviewed the proposal to adjust the internal management structure [1] - For the first half of 2025, Luyin Investment's revenue composition was as follows: Salt industry accounted for 49.45%, New materials for 47.56%, Trade for 3.09%, New energy for 1.74%, and Other industries for 0.34% [1] - As of the report date, Luyin Investment's market capitalization was 4.5 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after ten years of stagnation, with technology leading the market's transformation into a new "slow bull" pattern [1]

鲁银投资集团股份有限公司 资产减值准备财务核销管理办法 第一章 总则 第一条 为加强公司财务监督，规范资产减值准备财务核销 行为，建立和完善内部控制制度，依据《企业国有资产法》《山 东省企业国有资产监督管理条例》《山东省省属企业资产减值准 备财务核销办法》等法律法规和国家、山东省有关财务会计制 度规定，制定本办法。 第二条 本办法适用于鲁银投资集团股份有限公司（以下简 称公司或集团公司）及各权属企业和实际控制企业（以下简称 权属企业）。 第三条 公司各项资产减值准备的财务核销工作，适用本办 法。 第四条 本办法所称资产减值准备是指公司按照国家有关 财务会计制度规定计提的各项资产减值准备。包括坏账准备、 存货跌价准备、合同资产减值准备、持有待售资产减值准备、 贷款损失准备、债权投资减值准备、长期股权投资减值准备、 固定资产减值准备、在建工程减值准备、无形资产减值准备、 商誉减值准备等。 - 1 - 第五条 本办法所称资产减值准备财务核销是指公司按照 国家有关财务会计制度和省国资委有关财务监督规定，对已计 提资产减值准备的资产，经取得合法、有效证据证明确实发生 事实损失的，对该项资产进行处置，并对其账面余额和相应 ...

鲁银投资集团股份有限公司 董事会秘书工作制度 （2025 年 10 月） 第一章 总 则 第一条 为提高鲁银投资集团股份有限公司（以下简称"公 司"）治理水平，明确董事会秘书的职责权限，充分发挥董事会 秘书的作用，根据《公司法》《证券法》《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》等法律法规、规范性文件和《公司章程》的规定，制订 本工作制度。 第二条 公司设董事会秘书一人，为公司高级管理人员，承 担法律、法规、证券交易所相关规则及《公司章程》对董事会秘 书所要求的义务，享有相应的工作职权，对公司和董事会负责， 应忠实、勤勉地履行职责。 第三条 公司董事会秘书是公司与上海证券交易所之间的指 定联络人，负责以公司名义办理信息披露、公司治理、股权管理 等其相关职责范围内的事务。 第二章 任职资格 第四条 担任公司董事会秘书，应当具备以下条件： （一）具有良好的职业道德和个人品质； （二）具备履行职责所必需的财务、管理、法律等专业知识； （三）具备履行职责所必需的工作经验； （四）取得上海证券交易所认可的董事会秘书任职培训证 明。 第五条 具有下列情形之一的人士不得担 ...

第一章 总 则 第一条 为进一步完善公司治理结构，促进公司经营管理的 制度化、规范化、科学化，保证公司高级管理人员认真贯彻执 行和组织实施董事会决议，切实履行公司日常经营管理的职权职 责，根据《公司法》《上市公司治理准则》《公司章程》及其他 相关法律、法规和规范性文件，特制定本细则。 第二条 公司的经营管理实行总经理负责制。公司高级管 理人员依法在职权范围内履行职责、开展经营管理活动。总经理 负责组织实施董事会决议，或者董事长代表董事会做出的决定， 主持公司的日常生产经营和管理工作，对董事会负责。 第三条 本细则所称其他高级管理人员是指公司的副总经 理、财务负责人、董事会秘书以及经董事会认定为高级管理人员 的其他人员。 鲁银投资集团股份有限公司 总经理工作细则 （2025 年 10 月） 第二章 总经理的任免程序 第四条 公司设总经理一人，由董事长提名，董事会聘任或 解聘。公司董事可受聘兼任总经理。总经理每届任期三年，可以 连聘连任。 第五条 有下列情形之一的，不能担任公司总经理： （一）无民事行为能力或者限制民事行为能力； （二）因贪污、贿赂、侵占财产、挪用财产或者破坏社会主 义市场经济秩序，被判处刑罚，或 ...