股票代码：601388 股票简称：怡球资源 编号：2025-024 号 怡球金属资源再生（中国）股份有限公司 关于2024年年度报告的信息披露监管问询函的回复公告 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。 怡球金属资源再生（中国）股份有限公司(以下简称"公司")于2025年6月 16日收到上海证券交易所下发的《关于怡球金属资源再生(中国)股份有限公司 2024年年度报告的信息披露监管问询函》（上证公函【2025】0856号）（以下简 称"《问询函》"）。 公司对《问询函》所列问题进行了认真落实，并回复如下： 1.关于经营业绩。公司主要从事再生铝合金锭生产销售、废料回收贸易等业 务，近三年归母净利润、经营现金流、毛利率持续下滑，经营业绩承压明显。 2024 年，公司实现营业收入69.99亿元，同比增长2.98%，实现归母净利润0.19 亿元，同比下滑86.04%，实现扣非归母净利润0.11亿元，同比下滑92.60%。其 中，第四季度营业收入占全年的28%，净利润亏损0.59亿元。报告期公司毛利率 5.52%，同比减少 ...

Core Viewpoint - The launch of casting aluminum alloy futures and options on June 10 marks the first recycled metal commodity in China's futures market, with strong initial trading performance and participation from leading aluminum companies [1][2][3]. Market Performance - On the first trading day, all seven contracts for casting aluminum alloy futures closed higher, with the main contract AD2511 opening at 19,400 yuan/ton and closing at 19,190 yuan/ton, a rise of 825 yuan/ton or 4.49% from the listing benchmark price of 18,365 yuan/ton [3][4]. - The total trading volume for the seven contracts reached 57,300 lots, with a transaction value of 11.011 billion yuan, and the main contract AD2511 accounted for 52,300 lots and 10.1 billion yuan in transaction value [3][4]. Industry Participation - Major aluminum companies such as Shunbo Alloy, Lichong Group, and Judong Co. actively participated in the trading on the first day, indicating strong industry interest [1][6][8]. - The recycled aluminum alloy industry is primarily composed of private enterprises, with a market concentration of about 30% among the top five companies [7]. Price Dynamics and Future Outlook - Analysts suggest that the initial price performance aligns with expectations, but caution that the market may experience significant price fluctuations due to seasonal demand changes and supply dynamics [4][5]. - The industry faces challenges such as overcapacity and low profit margins, with a projected operating rate of only 53% in 2024, which may limit future price increases [4][5]. Impact on Related Companies - The launch of casting aluminum alloy futures has positively impacted stock prices of related companies, with Shunbo Alloy rising by 10.01% and Lichong Group by 7.60% as of June 11 [8]. - Shunbo Alloy's projected revenue for 2024 is 13.977 billion yuan, a year-on-year increase of 17%, although its net profit is expected to decrease by 47.96% [8]. Strategic Importance - The introduction of these futures is expected to enhance risk management for industry players, providing a more effective hedging tool compared to existing aluminum futures [8][9]. - The futures market is anticipated to play a significant role in the pricing mechanism for aluminum alloys, contributing to a more transparent and fair market environment [8][9][10].

Industry Overview - The circular economy in China is in a stage of comprehensive construction and high-quality development, with a market size projected to reach 46,366 billion yuan in 2024, representing a year-on-year growth of 13.71% [1][12] - The "14th Five-Year Plan" for circular economy development sets a target for resource recycling industry output to reach 5 trillion yuan by 2025, supported by policies such as tax incentives and financial subsidies [1][12] - Technological advancements, including AI sorting systems and blockchain traceability platforms, have reduced recycling costs by 40% and improved sorting accuracy to over 95% [1][12] Industry Development History - The development of China's circular economy has gone through three main stages: advocacy and initial practice (1990s-2003), national decision-making and comprehensive pilot projects (2004-2015), and comprehensive construction and high-quality development (2016-present) [4][5][6] Industry Chain - The upstream of the circular economy industry chain includes raw materials and equipment sourced from waste and natural resources, while the midstream focuses on processing and recycling, and the downstream involves resource recovery and second-hand trading [8] Market Size - The total amount of recycled resources in China is expected to reach 401 million tons in 2024, with a recycling value of 1.33 trillion yuan, driven by policies and technological innovations [10][12] Key Enterprises - Leading companies in the circular economy sector include China Resources Recycling Group, which has a comprehensive recovery network and processes over 10 million tons annually [14][16] - Other notable companies include Guangdong Bangpu Recycling Technology, which specializes in battery recycling with high recovery rates, and Beijing High Energy Environment Technology, focusing on industrial waste treatment [14][16][18] Industry Development Trends - Future growth in the circular economy will heavily rely on technological innovation, with AI and high-value recycling technologies becoming core focuses [20] - Policy support will continue to be a key driver for the industry, with government initiatives aimed at standardizing and scaling operations [22] - Increasing market demand, particularly in electronic waste recycling, will create new growth opportunities, with significant volumes of electronic waste generated annually [23]

股票代码：601388 股票简称：怡球资源 编号：2025-023 号 怡球金属资源再生（中国）股份有限公司 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。 怡球金属资源再生（中国）股份有限公司（以下简称"公司"）第六届董事会 第一次会议于 2025 年 05 月 19 日以现场和通讯相结合的会议方式召开并进行表 决。会议通知已于 2025 年 05 月 06 日通过通讯的方式送达全体董事。本次董事 会会议应出席董事9人,实际出席董事9人。 公司高管人员列席本次会议,会议的召开符合《中华人民共和国公司法》和《公 司章程》的规定。本次会议由董事长黄崇胜先生主持，经与会董事认真审议通过了 如下决议： 一、 审议通过《关于选举公司第六届董事会董事长的议案》 根据《公司法》和《公司章程》的有关规定以及本届董事会全体董事的提议， 推选黄崇胜先生任公司第六届董事会董事长，任期三年即自董事会审议通过之日至 第六届董事会任期届满。 审议结果：表决票 9 票，赞成票 9 票，反对票 0 票，弃权票 0 票。 二、 审议通过《关于选举公司各 ...

股票代码：601388 股票简称：怡球资源 编号：2025-023 号 怡球金属资源再生（中国）股份有限公司 第六届董事会第一次会议决议公告 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。 怡球金属资源再生（中国）股份有限公司（以下简称"公司"）第六届董事会 第一次会议于 2025 年 05 月 19 日以现场和通讯相结合的会议方式召开并进行表 决。会议通知已于 2025 年 05 月 06 日通过通讯的方式送达全体董事。本次董事 会会议应出席董事9人,实际出席董事9人。 公司高管人员列席本次会议,会议的召开符合《中华人民共和国公司法》和《公 司章程》的规定。本次会议由董事长黄崇胜先生主持，经与会董事认真审议通过了 如下决议： 一、 审议通过《关于选举公司第六届董事会董事长的议案》 根据《公司法》和《公司章程》的有关规定以及本届董事会全体董事的提议， 推选黄崇胜先生任公司第六届董事会董事长，任期三年即自董事会审议通过之日至 第六届董事会任期届满。 审议结果：表决票 9 票，赞成票 9 票，反对票 0 票，弃权票 0 票。 ...

Market Overview - On May 19, the non-ferrous aluminum sector experienced a localized rally, with companies such as Jiaozuo Wanfang hitting the daily limit, and others like Electric Power Investment Energy, Minfa Aluminum, Ningbo Fubang, Yiqiu Resources, and Tianshan Aluminum showing strong performance during the trading session [1] Company Highlights - Guangzhi Technology (300489.SZ) has turned a profit, specializing in high-performance aluminum alloy materials and machining components, with applications in nuclear power, aerospace, electronics, and rail transportation [2] - Jiaozuo Wanfang (000612.SZ) is a key electrolytic aluminum enterprise in Henan, utilizing large pre-baked electrolytic cell technology, with an annual electrolytic aluminum production capacity of 420,000 tons [2] - Electric Power Investment Energy (002128.SZ) is a leading electrolytic aluminum producer with a coal-electric-aluminum industry chain, operating an 860,000-ton electrolytic aluminum production line [2] - Meilixin (301307.SZ) has reported a loss, focusing on precision die-casting aluminum alloy components for communication base stations, and is recognized as a competitive player in this field [3] Industry Events - The aluminum oxide futures market saw a significant increase, with the main contract rising over 5% on May 19, following a production halt notification issued for a major mining project in Guinea, which could significantly impact aluminum ore supply [4] - The Axis mine, operated by Shunda Mining, Water Power No. 11 Bureau, and Gaoding International, is projected to produce 23.2 million tons of bauxite in 2024, with a planned output of 38-40 million tons in 2025. A shutdown could reduce supply by approximately 8 million tons compared to 2024 [5] - The concentration of mining operations in specific regions may lead to a reevaluation of ore prices, with potential price levels between $70 and $75 per ton, affecting domestic production costs [5] - Domestic spot prices remain firm due to tight supply in northern markets and production capacity issues at a major enterprise, with ongoing monitoring required for the sustainability of transactions following price increases [5]

汇苏周瑞昌律师事务所 一、本次股东大会的召集、召开程序 经核查,本次股东大会由公司董事会召集召开。公司已于 2025年 4 月 26 日在《上海证券报》和上海证券交易所网站(http://www.sse.com.cn/）上发布 了《关于公司召开 2024 年年度股东大会的通知》，该通知载明了本次股东大会 的时间、地点、与会人员资格、审议事项、投票方式和投票流程等内容。 本次股东大会于 2025 年 5 月 16 日上午 9 时 30 分如期在江苏省太仓市沪太 新路 388 号公司二楼会议室现场结合线上的方式召开。经审查,本次会议召开的 时间、地点、内容与公告一致。 关于怡球金属资源再生(中国)股份有限公司 2024 年年度股东大会的法律意见书 致:怡球金属资源再生（中国）股份有限公司 怡球金属资源再生(中国)股份有限公司(以下简称"公司")2024 年年 度股东大会(以下简称"本次股东大会")于 2025 年 5 月 16 目上午 9 时 30 分 在江苏省太仓市沪太新路 388 号公司二楼会议室现场结合线上的方式召开。江苏 周瑞昌律师事务所(以下简称"本所")接受委托,指派翟嘉彬律师、李雯律师 (以下简称" ...

证券代码：601388 证券简称：怡球资源 公告编号：2025-022 怡球金属资源再生（中国）股份有限公司 2024年年度股东大会决议公告 (二)股东大会召开的地点：江苏省太仓市沪太新路 388 号公司二楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 393 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,152,129,651 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 52.3404 | | 份总数的比例（%） | | 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2025 年 05 月 16 日 (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议采取现场投票与网络投票相结合的方式召开,公司董事会召集本次 会议,董事长黄崇胜先生主持会议；本次会议的召集、召开 ...

股票代码：601388 股票简称：怡球资源 编号：2025-021 号 怡球金属资源再生（中国）股份有限公司 关于收到苏州市人民政府行政复议决定书的公告 暨关于收到太仓港经济技术开发区管理委员会《告知书》的进展公告 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。 一、基本情况 2010年2月9日公司与太仓市国土资源局签订《国有建设用地使用权出让合同》， 出让宗地编号为TCGQ-G2010-6,宗地面积为139,609.9平方米（约209亩）（以下简称"该 宗地"），出让价格为3,519万元。2010年3月11日太仓市人民政府向公司颁发了土地 使用权证（证号：太国用2010第005003184号）。 2024年8月公司收到太仓港经济技术开发区管理委员会（以下简称"管委会"）寄 出的EMS快递《告知书》（以下简称《告知书1》），要求公司于2024年9月9日前将上 述宗地的土地使用权证（正本）交付给港区管委会。公告内容详见公司2024年8月15 日于指定信息披露媒体披露的《关于收到太仓港经济技术开发区管理委员会<告知书> 的公 ...

Core Viewpoint - The company, Yiqiu Resources, clarified on May 12 that it has no business related to gold or rare earth elements [1] Company Summary - Yiqiu Resources confirmed through an interactive platform that it does not engage in any operations involving gold or rare earth materials [1]