雪天盐业集团股份有限公司 第五届董事会第七次会议决议公告 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 雪天盐业集团股份有限公司（以下简称公司或雪天盐业）第五 届董事会第七次会议于 2025 年 7 月 4 日以通讯表决的方式召开，会 议通知于 2025 年 7 月 1 日以电话和邮件方式向全体董事发出。本次会 议应参加表决的董事 8 名，实际参加表决的董事 8 名。会议由董事长马 天毅先生主持，会议的召集、召开与表决程序符合《中华人民共和国 公司法》等有关法律法规和《雪天盐业集团股份有限公司章程》的规 定，会议合法有效。 二、董事会会议审议情况 （一）审议通过了《关于湘澧盐化循环流化床锅炉升级改造项目立 项的议案》 公司全资子公司湖南省湘澧盐化有限责任公司（以下简称湘澧 盐化）现有两台额定蒸发量为 75t/h 循环流化床锅炉，分别已达到 15 年使用寿命年限，亟需更换。鉴于此，湘澧盐化拟新建一台 130t/h 证券代码：600929 证券简称：雪天盐业 公告编号：2025-039 循环流化床锅炉， ...

Group 1 - The core viewpoint of the news is that Xue Tian Salt Industry has achieved the highest credit rating of "AAA" from Dongfang Jincheng International Credit Rating Co., marking a significant recognition of its capital strength, operational capability, risk management, and development potential [1][2] - Xue Tian Salt Industry is now the second company in the national salt industry and the third listed company in Hunan's state-owned system to receive the "AAA" credit rating, indicating a strong ability to repay debts and low default risk [1][2] - The company has total assets of 10.97 billion yuan and expects to achieve an operating income of 5.392 billion yuan and a net profit of 308 million yuan by the end of 2024 [1] Group 2 - The "AAA" rating is expected to enhance the company's market reputation, increasing brand recognition and credibility in the global market, which will help attract international partners and accelerate its internationalization [2] - The credit rating will optimize financing channels, allowing the company to issue various types of bonds more flexibly, potentially lowering bond issuance interest rates [2] - The high credit rating will attract strategic resources, enabling the company to draw in strategic investors and industry capital, facilitating project construction and the introduction of advanced technology and management experience [2]

Core Viewpoint - Xue Tian Salt Industry has achieved the highest credit rating of "AAA" from Dongfang Jincheng International Credit Assessment Co., marking a significant recognition of its capital strength, operational capability, risk management, and development potential [1][2] Company Overview - Xue Tian Salt Industry is the first modern joint-stock company in the national salt industry that integrates production and sales across provinces, focusing on core businesses related to salt and salt chemicals since its establishment [1] - The company was successfully listed on the Shanghai Stock Exchange on March 26, 2018, under the stock code 600929, and is recognized as "China's first salt reform stock" [1] - As of the end of 2024, the company reported total assets of 10.97 billion yuan, revenue of 5.392 billion yuan, and a net profit of 308 million yuan [1] Credit Rating Impact - The AAA rating enhances the brand recognition and premium capability of Xue Tian Salt Industry in the global market, making it more attractive to international partners for deep cooperation [2] - The company can lower its financing costs by approximately 0.5% due to the AAA rating, allowing for flexible issuance of various bond types to meet funding needs and optimize debt structure [2] - The credit advantage will facilitate the introduction of strategic investors and equity financing, attracting renowned investment institutions and industrial capital for deeper collaboration [2] Future Outlook - Xue Tian Salt Industry aims to leverage the AAA rating to implement Hunan's modern industrial strategy of "North Petrochemical, South Salt Chemical," enhancing the salt industry chain in Hunan and progressing towards the goal of becoming a first-class salt chemical enterprise [2]

Group 1 - The company expects a net profit attributable to shareholders of the parent company for the first half of 2025 to be between 64.78 million and 77.74 million yuan, representing a decrease of 25.09 million to 26.38 million yuan compared to the same period last year, which is a year-on-year decline of 76.34% to 80.29% [1][2] - The company anticipates a net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, to be between 40.92 million and 49.10 million yuan, a decrease of 21.78 million to 22.60 million yuan compared to the same period last year [1][2] - The significant decline in net profit is primarily attributed to the impact of macroeconomic and market changes, leading to a decrease in market prices for some of the company's products [2] Group 2 - The company's total profit for the same period last year was 371.61 million yuan, with a net profit attributable to shareholders of the parent company of 0.1981 yuan per share [2] - The company plans to implement lean management and cost reduction measures in the second half of 2025 to enhance market competitiveness and create value for efficient operations [2]

Key Points - The stock of Renle will be delisted on July 4, 2025 [1] - Hualing Steel has been acquired by Xintai Life Insurance with a shareholding ratio of 5% [1] - Vanke A has applied for a loan of up to 6.249 billion yuan from Shenzhen Metro Group [1] - ST Yazhen has completed stock trading verification and will resume trading tomorrow [1] - Aerospace Chuangxin has regained procurement qualifications for military material engineering services [1] - Shangwei New Materials' controlling shareholder is planning a major event, and the stock will remain suspended [1] - Changling Hydraulic's actual controller is planning a change of control, and the stock will be suspended from tomorrow [1] - China Merchants Bank has been approved to establish China Merchants Financial Asset Investment Co., with a registered capital of 15 billion yuan [1] - Liugang Co. has experienced a potential irrational speculation risk with its stock [1] Operating Performance - Brothers Technology expects a net profit increase of 325% to 431.25% year-on-year for the first half of the year [1] - Huayin Power anticipates a net profit increase of 175 million to 215 million yuan year-on-year for the first half [1] - Xutian Salt Industry expects a net profit decrease of 76.34% to 80.29% year-on-year for the first half [1] - Juguang Technology expects a net loss of 42 million to 54 million yuan for the first half [1] - Beibu Gulf Port reported a cargo throughput of 31.1158 million tons in June, a year-on-year increase of 2.56% [1] - China Nuclear Power generated 115.104 billion kWh of electricity in the first half, a year-on-year increase of 15.92% [1] - Changyuan Power completed a power generation of 16.715 billion kWh in the first half, a year-on-year decrease of 8.3% [1] - Poly Developments signed contracts worth 29.011 billion yuan in June, a year-on-year decrease of 30.95% [1] Shareholding Changes - Jingye Da's actual controller plans to reduce holdings by no more than 3% [1] - Deyi Cultural Creation's actual controller Wu Tifang plans to reduce holdings by no more than 3% [1] - Caifu Trend's actual controller and chairman plan to reduce holdings by no more than 3% [1] - Annuo Qi's actual controller plans to reduce holdings by no more than 2% [1] - Suotong Development's actual controller and concerted actors plan to reduce holdings by no more than 2.21% [1] - Dingsheng Co.'s controlling shareholder plans to reduce holdings by no more than 1.71% [1] - Weitang Industrial's controlling shareholder plans to reduce holdings by no more than 1.95% [1] - Jinlong Automobile's Fujian Investment Group plans to reduce holdings by no more than 1% [1] - Wanye Enterprises' Guosheng Capital plans to reduce holdings by no more than 0.2% [1] - Zhonggang Luonai's Guoxin Shuangbai No.1 plans to reduce holdings by no more than 0.5% [1] - Funeng Technology's Shenzhen Anyan Investment plans to reduce holdings by no more than 1% [1] - Ankang Technology's Shenzhen High-tech Investment plans to reduce holdings by no more than 3% [1] - Donglai Technology plans to reduce no more than 1.2048 million repurchased shares [1] - Qujiang Cultural Tourism's controlling shareholder's 12 million shares are set to be auctioned [1] - Hesheng Silicon Industry's controlling shareholder plans to exchange no more than 1% of shares for ETF shares [1] Contract Awards - Boshi Co. signed an outsourcing service contract worth 109 million yuan with Guangxi Petrochemical [1] - Zhongyou Engineering's subsidiary signed a contract worth 294 million USD for the Atavi GMP pipeline project with Total Energy [1] - China Electric Power Construction's subsidiary signed a mining transportation project contract worth approximately 5.063 billion yuan [1] Other Developments - Xingxin New Materials plans to invest in a project with an annual output of 153,000 tons of polyolefin amine series products [4] - Haishun New Materials plans to acquire Sirewen Company to expand the application of electronic film materials in the semiconductor field [4] - Wankai New Materials is undergoing production reduction and maintenance, which is expected to significantly impact overall operating performance [4] - Donghu High-tech is participating in the establishment of the Donggao Frontier Phase II Fund to improve the development model of the park operation sector [4] - Jiete Biological plans to participate in the establishment of an industrial fund primarily investing in early and mid-stage biopharmaceutical projects [4] Asset Sales - Nord Shares plans to sell 70% equity of its wholly-owned subsidiary Jiangsu Lianxin for 70 million yuan [5]

Core Viewpoint - Xue Tian Salt Industry is expecting a significant decline in its net profit for the first half of 2025, projecting a decrease of 76.34% to 80.29% compared to the previous year, primarily due to macroeconomic factors and a drop in market prices for some products [2] Company Performance - The company anticipates a net profit of between 64.78 million to 77.74 million yuan for the first half of 2025, down from a decrease of 251 million to 263.4 million yuan year-on-year [2] - Xue Tian Salt Industry's net profit for 2024 was only 303 million yuan, which is a 50% reduction compared to 2023 and less than 40% of the 838 million yuan recorded in 2022 [2] - In Q1 2025, the company's revenue was 1.131 billion yuan, reflecting a year-on-year decline of 27.24%, with net profit dropping over 85% to 26.7 million yuan [2] Distribution Network Changes - By the end of 2024, the number of distributors for Xue Tian Salt Industry decreased by over 3,000, primarily due to a reduction in distributors outside the province as part of a strategy to upgrade marketing and optimize customer relationships [3] - In Q1 2025, the downward trend in the number of distributors continued, with a reduction of over 2,000 [3] Market Conditions and Industry Outlook - The company attributes its performance decline to macroeconomic conditions and market price drops, facing skepticism from investors regarding the severity of its decline compared to peers like Su Yan Jing Shen, which have not experienced similar downturns [3] - Xue Tian Salt Industry's response to investor concerns highlighted differences in product structure and regional markets compared to competitors [3] - The company’s main businesses are salt and soda ash, with the latter expected to face production capacity constraints due to environmental policies related to carbon neutrality [4] - The salt industry is anticipated to evolve towards marketization and diversification, with increasing demand for high-end salt products driven by health-conscious consumer trends [4]

Group 1 - Shengde Xintai won a bid for a thermal power steel pipe project worth approximately 217 million yuan, accounting for 8.15% of its audited revenue for 2024 [1] - High-speed Electric's subsidiary won a project for the Shanghai-Nanjing-Hefei high-speed railway, with a bid amount of 71.76 million yuan [1] - Cangge Mining's subsidiary received a construction permit for a lithium-boron mining project, with a construction area of 106,900 square meters [2] Group 2 - China Electric Power Construction signed a mining transportation project contract in Guinea worth approximately 5.063 billion yuan, with a total duration of about 72 months [3] - Guobang Pharmaceutical's subsidiary completed the registration of an equity investment fund focusing on strategic emerging industries [4] - Deshi Co. obtained two invention patents related to oil and gas field development [5][26] Group 3 - Xue Tian Salt Industry expects a significant decrease in net profit for the first half of 2025, projecting a decline of 76.34% to 80.29% [6] - Rundu Co. received a drug registration certificate for moxifloxacin hydrochloride tablets, used for treating various bacterial infections [7] - China Nuclear Power reported a 15.65% increase in power generation in the first half of the year, with nuclear power generation up by 12.01% [8] Group 4 - Suqian Liansheng obtained two invention patents related to wastewater treatment methods [9] - Boshi Co. signed a 109 million yuan operation and maintenance service contract for solid product packaging [11] - *ST Sailong's subsidiary received a drug registration certificate for torasemide injection, used for various medical conditions [13] Group 5 - North Bay Port reported a 10.95% increase in cargo throughput for the first half of 2025, with container throughput also showing growth [14] - Kaiwei Te expects a revenue increase of 56.17% to 90.87% for the first half of 2025 [15] - Wankai New Materials plans to reduce production and conduct maintenance on 60,000 tons of PET capacity, affecting overall performance [16] Group 6 - Haiwang Bio's HW130 injection successfully completed Phase I clinical trials, showing good safety and tolerability [19] - Zhenai Meijia received a total of 22.8 million yuan in compensation for land acquisition, which will significantly impact its 2025 performance [20] - Changyuan Electric reported a 23.58% decrease in power generation in June, with a notable decline in thermal power generation [21] Group 7 - Shouxiangu's subsidiary completed the registration of two health food products [22] - Kailun Co. announced the resignation of its deputy general manager and board secretary [23] - Xibu Muye reported a 2.15% year-on-year increase in fresh milk production in June [24] Group 8 - Deshi Co. obtained two invention patents related to oil and gas field development [26] - Jingwei Huikai plans to acquire a 12.44% stake in Nuo Si Micro for 149 million yuan [27] - Electric Alloy completed the registration of its subsidiary in Mexico [29] Group 9 - Meinuohua expects a net profit increase of 142.84% to 174.52% for the first half of 2025 [30] - Guizhou Moutai repurchased approximately 3.38 million shares, accounting for 0.2692% of its total share capital [31][32] - Warner Pharmaceutical received approval for the listing application of a raw material drug for treating respiratory diseases [34] Group 10 - Yuan Dong Bio's independent director is under investigation for serious violations [35] - Dash Intelligent signed a contract for a smart project worth 11.88 million yuan [36] - Dayou Energy plans to transfer 586,500 tons of coal production capacity replacement indicators [37] Group 11 - Foton Motor reported a 150.96% increase in new energy vehicle sales in the first half of 2025 [39] - Renfu Pharmaceutical's shareholder plans to increase its stake by 1% to 2% [40] - Zongshen Power expects a net profit increase of 70% to 100% for the first half of 2025 [42] Group 12 - Yingboer plans to sell its wholly-owned subsidiary for 239 million yuan [44] - Changan Automobile reported a 1.59% increase in total vehicle sales in the first half of 2025 [46] - Fulian Precision signed a cooperation framework agreement with Sichuan Development Longmang [48] Group 13 - Nengte Technology plans to repurchase shares worth 300 million to 500 million yuan [50] - Longsoft Technology's controlling shareholder donated 3.43% of the company's shares [51] - Data Port's shareholders plan to reduce their holdings by up to 2% [52]

[I. Current Period Performance Forecast](index=1&type=section&id=Item%20I.%20Current%20Period%20Performance%20Forecast) Xuetian Salt Industry anticipates a significant decline exceeding 76% in both net profit attributable to shareholders and net profit after deducting non-recurring gains and losses for H1 2025, primarily due to market price reductions [(I) Performance Forecast Period](index=1&type=section&id=(I)%20Performance%20Forecast%20Period) - This performance forecast covers the period from **January 1, 2025, to June 30, 2025**[4](index=4&type=chunk) [(II) Performance Forecast Details](index=1&type=section&id=(II)%20Performance%20Forecast%20Details) Key Financial Indicators for 2025 Semi-Annual Performance Forecast | Indicator | Estimated Amount (10,000 RMB) | Decrease Year-on-Year (10,000 RMB) | Decrease Year-on-Year (%) | | :------------------------------------------- | :---------------------------- | :------------------------------- | :------------------------ | | Net Profit Attributable to Parent Company Shareholders | 6,478 - 7,774 | 25,086.45 - 26,382.45 | 76.34 - 80.29 | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | 4,092 - 4,910 | 21,779.67 - 22,597.67 | 81.60 - 84.67 | - This performance forecast is a preliminary estimate by the company based on its operating conditions and has not been audited by an accounting firm[5](index=5&type=chunk) [II. Operating Performance and Financial Status for the Same Period Last Year](index=2&type=section&id=Item%20II.%20Operating%20Performance%20and%20Financial%20Status%20for%20the%20Same%20Period%20Last%20Year) The company provides its 2024 semi-annual operating results, including total profit, net profit, and earnings per share, for investor comparison 2024 Semi-Annual Operating Performance and Financial Status | Indicator | Amount (10,000 RMB) | | :------------------------------------------- | :------------------ | | Total Profit | 37,160.96 | | Net Profit Attributable to Parent Company Shareholders | 32,860.45 | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | 26,689.67 | | Earnings Per Share (RMB/share) | 0.1981 | [III. Main Reasons for Performance Pre-reduction in the Current Period](index=2&type=section&id=Item%20III.%20Main%20Reasons%20for%20Performance%20Pre-reduction%20in%20the%20Current%20Period) The substantial performance decrease is mainly due to a year-on-year decline in market prices for some products, with the company planning lean management and cost reduction for H2 2025 - The main reason: During the reporting period, affected by macroeconomic and market changes, the market prices of some of the company's products decreased year-on-year, leading to a **significant decline in net profit attributable to shareholders of listed companies**[7](index=7&type=chunk) - Countermeasures: In the second half of 2025, the company will continue to implement **lean management, extreme cost reduction**, and other measures to continuously enhance its market competitiveness and create value for efficient company operations[7](index=7&type=chunk) [IV. Risk Warning](index=2&type=section&id=Item%20IV.%20Risk%20Warning) This performance forecast is a preliminary estimate, unaudited by an accounting firm, but the company expects no significant uncertainties affecting its accuracy - This performance forecast is a preliminary estimate by the company based on its operating conditions and has not been audited by an accounting firm[8](index=8&type=chunk) - The company expects no major uncertainties affecting the accuracy of this performance forecast[8](index=8&type=chunk) [V. Other Explanatory Matters](index=2&type=section&id=Item%20V.%20Other%20Explanatory%20Matters) The company reiterates that the forecast data are preliminary, with final accurate figures subject to the official 2025 semi-annual report, urging investors to exercise caution - The above forecast data are preliminary accounting data, and the specific accurate financial data will be subject to the company's officially disclosed **2025 semi-annual report**[9](index=9&type=chunk) - Investors are kindly reminded to pay attention to investment risks[9](index=9&type=chunk)

Core Viewpoint - Xue Tian Salt Industry (600929) expects a significant decline in net profit for the first half of 2025 compared to the same period last year, indicating potential challenges ahead for the company [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company ranging from 64.78 million to 77.74 million yuan, representing a decrease of 251 million to 264 million yuan year-on-year, which translates to a decline of 76.34% to 80.29% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 40.92 million and 49.10 million yuan, reflecting a reduction of 218 million to 226 million yuan compared to the previous year, equating to a decrease of 81.60% to 84.67% [1]

关于主体信用评级结果的公告 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。 证券代码：600929 证券简称：雪天盐业 公告编号：2025-037 雪天盐业集团股份有限公司 特此公告。 雪天盐业集团股份有限公司董事会 2025 年 7 月 3 日 近日，雪天盐业集团股份有限公司（以下简称公司）委托信用评级 机构东方金诚国际信用评估有限公司（以下简称东方金诚）对公司主体 信用状况进行了评级。 东方金诚在对公司生产经营状况及相关行业情况进行综合分析与 评估的基础上，向公司出具了《雪天盐业集团股份有限公司主体信用评 级报告》，评定公司主体信用等级为 AAA，评级展望为"稳定"，有 效期为 2025 年 6 月 30 日至 2026 年 6 月 29 日。 ...