Core Viewpoint - The company has announced a valuation enhancement plan due to its stock price being below the audited net asset value per share for the past 12 months, aiming to improve investor confidence and company value [16][17][18]. Financial Data - The first quarter financial report for 2025 was not audited, and the company reported a net profit of 35,341.45 yuan for the merged entity, compared to 28,068.10 yuan in the previous period [5][8]. Shareholder Information - The company has a total of 12 directors present at the board meeting, with no absentees, ensuring compliance with legal and regulatory requirements [7][9]. Valuation Enhancement Plan - The plan includes measures such as continuous cash dividends, coordination for major shareholder buybacks, focusing on core business areas, utilizing mergers and acquisitions, enhancing investor relations, and maintaining standardized operations [19][20][21][22][23]. - The company aims to distribute at least 40% of its distributable profits as cash dividends over the next three years, contingent on profitability and absence of major investments [19]. - The controlling shareholder has increased its stake from 24.43% to 36% and plans to continue buying shares to bolster investor confidence [19][20]. - The company is focusing on transitioning towards "new energy, new materials, and intelligent manufacturing" to enhance operational efficiency and profitability [20]. Governance and Compliance - The company has committed to improving its governance structure and internal controls, ensuring compliance with relevant laws and regulations [24][25].

公司简称:悦达投资 股票代码:600805 江苏悦达投资股份有限公司 公司地址:江苏省盐城市亭湖区世纪大道东路2号 邮政编码:224007 公司电话:0515-88202867 2024 | # 环境、社会和 治理(ESG)报告 ■冒 关于本报告 本报告为江苏悦达投资股份有限公司发布的环境、社会和治理 (ESG) 报告，旨在向各利益相 关方展示公司在环境、社会和治理方面的理念、关键绩效，加强与各利益方的沟通和联系。 8 组织范围 如无特殊说明，本报告主要涵盖江苏悦达投资股份有限公司及全资、控股企业。 ස 报告周期 本报告为年度报告，时间范围为2024年1月1日至2024年12月31日，为增强报告可比性和 完整性,部分内容适当溯及以往年份。 4 编制依据 本报告依据《上海证券交易所上市公司自律监管指南第14号一可持续发展报告(试行)》《上 海证券交易所上市公司自律监管指南第4号—可持续发展报告编制》。 x 数据说明 本报告关键数据来源于江苏悦达投资股份有限公司经审计的财务报告、正式文件及统计报 告等。本报告中所涉及货币种类及金额，如无特殊说明，均以人民币为计量单位。 参 编制流程 本报告按照同业对标、问卷调查、 ...

证券代码:600805 证券简称:悦达投资 编号：临 2025－018 号 江苏悦达投资股份有限公司 关于估值提升计划的公告 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： 估值提升计划的触发情形及审议程序：公司股票连续 12 个月 每个交易日收盘价均低于最近一个会计年度经审计的每股归属于公 司普通股股东的净资产，根据《上市公司监管指引第 10 号——市值 管理》的相关规定，公司制定估值提升计划。公司估值提升计划已经 公司第十二届董事会第五次会议审议通过。 公司估值提升计划将围绕开展现金分红、协调控股股东增持、 聚焦主责主业、用好并购工具、强化投资者关系管理和坚持规范化运 作等措施提升公司投资价值，推动公司投资价值合理反映公司质量。 相关风险提示：本估值提升计划仅为公司行动计划，不代表公 司对业绩、股价、重大事件等任何指标或事项的承诺。公司业绩及二 级市场表现受到宏观形势、行业政策、市场情况等诸多因素影响，相 关目标的实现情况存在不确定性。 一、估值提升计划的触发情形及审议程序 （一）触发情形 根据《上市公司监 ...

证券代码:600805 证券简称:悦达投资 编号：临 2025－017 号 江苏悦达投资股份有限公司 第十二届董事会第五次会议决议公告 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法律责任。 一、董事会会议召开情况 江苏悦达投资股份有限公司于 2025 年 4 月 18 日以邮件方式向全 体董事发出会议通知和会议资料，并于 2025 年 4 月 25 日以通讯表决 方式召开第十二届董事会第五次会议。本次会议由董事长张乃文先生 主持，应当出席会议的董事 12 人，实际出席会议的董事 12 人（其中： 委托出席的董事 0 人；以通讯表决方式出席的董事 12 人），缺席会议 的董事 0 人，符合有关法律、行政法规、部门规章、规范性文件和公 司章程的规定。 1 上网文件。 （二）审议通过《关于公司估值提升计划的议案》 同意 12 人，反对 0 人，弃权 0 人。 详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的 上网文件。 （三）审议通过《2024 年度环境、社会和治理（ESG）报告》 二、董事会会议审议情况 （一）审议 ...

Financial Performance - The company reported a basic earnings per share of 0.0200 yuan for Q1 2025, unchanged from Q1 2024, and an increase from 0.0100 yuan in Q1 2023 [1] - The total revenue for Q1 2025 was 6.83 billion yuan, a decrease of 11.98% compared to 7.76 billion yuan in Q1 2024, and an increase from 6.13 billion yuan in Q1 2023 [1] - The net profit remained at 0.16 billion yuan for both Q1 2025 and Q1 2024, up from 0.06 billion yuan in Q1 2023 [1] - The return on equity (ROE) was 0.36% for both Q1 2025 and Q1 2024, compared to 0.14% in Q1 2023 [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 38,672.93 million shares, accounting for 45.46% of the circulating shares, with an increase of 2.36 million shares from the previous period [2] - Jiangsu Yueda Group Co., Ltd. remains the largest shareholder with 28,926.44 million shares, representing 34.02% of the total share capital, unchanged from the previous report [2] - New entry in the top ten shareholders is Yueda Capital Co., Ltd. with 845.63 million shares, accounting for 0.99% of the total share capital [2] Dividend Distribution - The company has decided not to distribute dividends or transfer shares in this period [3]

Financial Performance - The company's operating revenue for Q1 2025 was ¥683,436,070.11, a decrease of 11.87% compared to ¥775,527,137.34 in the same period last year[4] - Net profit attributable to shareholders was ¥15,827,940.27, reflecting a slight increase of 1.65% from ¥15,571,489.24 year-on-year[4] - The basic earnings per share remained stable at ¥0.02, unchanged from the previous year[5] - Total operating revenue for Q1 2025 was ¥683,436,070.11, a decrease of 11.87% compared to ¥775,527,137.34 in Q1 2024[19] - Net profit for Q1 2025 was ¥14,344,175.72, an increase of 69.06% compared to ¥8,464,304.36 in Q1 2024[20] - Investment income for Q1 2025 was ¥32,447,271.45, significantly lower than ¥84,258,624.11 in Q1 2024, reflecting a decrease of 61.54%[19] - The company's financial expenses for Q1 2025 were ¥20,601,450.97, an increase from ¥15,424,597.27 in Q1 2024[19] - The basic earnings per share for Q1 2025 remained at ¥0.02, unchanged from Q1 2024[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,593,340,924.45, showing a marginal increase of 0.07% from ¥9,586,629,720.81 at the end of the previous year[5] - The company's total current assets as of March 31, 2025, amount to ¥3,188,618,840.27, a decrease from ¥3,264,021,453.58 as of December 31, 2024[15] - Total non-current assets increased to ¥6,404,722,084.18 from ¥6,322,608,267.23[15] - The company’s total liabilities as of the end of the reporting period were ¥4,498,199,905.98, slightly up from ¥4,486,844,286.96 in the previous period[19] - Total equity attributable to shareholders was ¥4,379,391,988.98, a decrease from ¥4,412,695,633.84 in the previous period[19] Cash Flow - The cash flow from operating activities was negative at -¥29,135,388.05, an improvement from -¥54,604,844.95 in the same period last year[4] - The company reported a net cash outflow from operating activities of ¥29,135,388.05 in Q1 2025, an improvement from a net outflow of ¥54,604,844.95 in Q1 2024[23] - The company’s cash inflow from operating activities totaled ¥740,898,053.37, down from ¥943,237,561.03 in Q1 2024[23] - Net cash flow from investment activities was -$239.67 million, compared to -$205.70 million in the previous period, indicating a decline in investment performance[24] - Cash inflow from financing activities totaled $894.86 million, significantly up from $433.61 million year-over-year[24] - Net cash flow from financing activities was $61.75 million, a recovery from a negative $40.22 million in the previous period[24] - Cash and cash equivalents at the end of the period amounted to $1.09 billion, down from $821.28 million year-over-year[24] - The net increase in cash and cash equivalents was -$206.99 million, compared to -$300.38 million in the previous period, showing an improvement[24] - The impact of exchange rate changes on cash and cash equivalents was $52,200, down from $144,386.82 in the previous period[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 35,352[10] - Jiangsu Yueda Group Co., Ltd. holds 289,264,449 shares, accounting for 34.00% of total shares[10] - The company has no changes in the participation of major shareholders in margin trading and securities lending[11] - The company has no significant changes in the shareholding structure of the top ten shareholders[11] Operational Changes - The company completed the acquisition of Jiangsu Yueda Comprehensive Energy Service Co., Ltd. on March 25, 2025, which is classified as a business combination under common control[13] - Accounts receivable financing increased by 60.65%, primarily due to a higher volume of bank acceptance bill payments during the reporting period[8] - Prepayments surged by 90.02%, mainly attributed to advance payments for cotton purchases in the textile sector[8] - The company reported a significant decrease in sales expenses by 48.04%, largely due to the disposal of a subsidiary in the previous year[8] - Investment income dropped by 61.49%, primarily due to the absence of gains from the transfer of equity in a previous period[8] Accounting Standards - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[24]

悦达投资（600805）公告，2025年第一季度营收为6.83亿元，同比下降11.87%；净利润为1582.79万 元，同比增长1.65%。 ...

江苏悦达投资股份有限公司 2024 年年度股东大会议程 会议方式：现场召开结合网络投票 现场会议地点：公司总部 15 楼会议室 会议议程： 现场会议时间：2025 年 5 月 16 日 15:00 网络投票起止时间：自 2025 年 5 月 15 日 15:00 至 2025 年 5 月 16 日 15:00 一、审议《2024 年度董事会工作报告》 二、审议《2024 年度监事会工作报告》 三、审议《2024 年年度报告》、《2024 年年度报告摘要》 四、审议《关于 2024 年度财务决算的议案》 五、审议《关于 2024 年度利润分配方案及 2025 年中期现金分红 规划的议案》 六、审议《关于聘任会计师事务所的议案》 七、审议《关于公司日常关联交易的议案》 八、审议《关于 2024 年度董事薪酬考核情况的议案》 九、审议《关于 2024 年度监事薪酬考核情况的议案》 十、审议《关于修改公司章程的议案》 十一、听取独立董事述职报告 十二、各位股东对上述议案审议并进行书面表决 十三、统计现场表决票和网络表决票 十四、宣读表决结果 十五、律师宣读法律意见书 十六、主持人宣读本次股东大会决议 议案一 江苏悦达 ...

Core Viewpoint - The 2024 annual report of Yueda Investment showcases a remarkable transformation, with a 25-fold increase in revenue from new energy business and a net profit growth of 66 million yuan, alongside a significant dividend payout, indicating a successful shift from traditional operations to new energy focus [1][5][19]. Group 1: Business Transformation - Yueda Investment has strategically divested from its loss-making automotive sales business by transferring 100% of Yueda Zhixing, recovering approximately 94.54 million yuan, allowing for reinvestment into new energy [6][11]. - The company has revitalized its traditional sectors, such as agricultural machinery and textiles, by implementing advanced technologies and automation, leading to increased efficiency and production capacity [7][9]. - The new energy sector has become the main revenue driver, with the "Electricity, Heat Production and Supply" segment generating 37.94 million yuan, a staggering increase of 2,570% year-on-year, and achieving a gross margin of 46% [11][12]. Group 2: New Energy Initiatives - Yueda's first large-scale photovoltaic project, the Huafeng 378MW fish-solar complementary project, generates 423 million kWh annually, significantly contributing to carbon reduction [12][14]. - The collaboration with the Three Gorges Group on a 160MW/320MWh shared energy storage station demonstrates a leading charging and discharging efficiency of 90.77%, positioning it as a profitable "cash cow" for the company [14][16]. - The company is also investing in biomass projects and new materials, with a focus on producing green methanol and aviation fuel, alongside a significant increase in the output of lithium iron phosphate materials [16][19]. Group 3: Financial Performance and Dividends - The company reported a cash and cash equivalents balance of 1.29 billion yuan by the end of 2024, reflecting a year-on-year increase of over 16%, enabling the initiation of dividends after years of no payouts [19][21]. - The dividend payout ratio reached 156%, with a commitment to maintain a minimum of 30% in the next three years, signaling a shift towards shareholder returns and sustainable profitability [19][21]. - The report emphasizes the importance of continuous profitability to support future dividends, aligning with the national strategy for state-owned enterprise reform [19][24].

Core Viewpoint - The company has accelerated its transition to the new energy sector in 2024, achieving significant project milestones, but continues to face challenges in profitability, as evidenced by a decline in net profit and overall revenue [1][4][6]. Group 1: Financial Performance - In 2024, the company reported total revenue of 3.033 billion yuan, a year-on-year decrease of 3.03% [1][4]. - The net profit attributable to shareholders was 27 million yuan, reflecting a year-on-year decline of 28.92% [1][4]. - The company experienced a non-recurring net profit loss of 72.66 million yuan, indicating significant profitability challenges despite progress in new energy projects [4][6]. Group 2: New Energy Initiatives - The company has made strides in the new energy sector, successfully connecting the 378 MW Huafeng fish-solar complementary project to the grid and launching the 160 MW/320 MWh shared energy storage project [4]. - The company established the Yueda Green Intelligent Source Management Center and engaged in green electricity trading, exceeding 2 million kWh in transactions and issuing over 160,000 green certificates [4]. Group 3: Traditional Business and Asset Optimization - To focus on new energy, the company divested 100% of Yueda Zhixing, which contributed to a reduction in revenue but did not significantly improve profitability [4]. - The transfer of Yueda Zhixing recovered 94.54 million yuan in receivables, yet the overall net profit still declined sharply, indicating limited effectiveness in asset optimization [4]. Group 4: Progress in New Materials and Intelligent Manufacturing - In the new materials sector, the company led the launch of the Hengtai Nano Lithium Iron Phosphate project, achieving a production capacity of 15,000 tons and a more than fourfold increase in product shipments compared to the previous year [6]. - The intelligent manufacturing segment saw upgrades across multiple products, with 17 new overseas distributors and total exports of 1,320 units, but these efforts did not significantly enhance overall profitability [6].