格隆汇8月24日丨明泰铝业(601677.SH)公布，公司原持有三门峡铝业2.50%的股权，焦作万方拟向三门 峡铝业部分股东发行股份购买其所持三门峡铝业合计99.4375%股权，根据符合《证券法》规定的评估 机构出具的资产评估报告，三门峡铝业100%股权最终评估值为3,213,600.00万元，经协商，三门峡铝业 100%股权作价为3,213,000.00万元，即公司持股部分对应的股权作价为80,325.00万元，本次焦作万方发 行股份购买资产的发行价格为5.39元/股，明泰铝业可获得149,025,974股股份，本次交易不涉及支付现 金对价。 ...

Group 1 - Ming Tai Aluminum (601677.SH) announced its ownership of 2.50% stake in Sanmenxia Aluminum [1] - Jiyuan Wanfang plans to acquire a total of 99.4375% stake in Sanmenxia Aluminum from certain shareholders through a share issuance [1] - The total assessed value of 100% equity of Sanmenxia Aluminum is 3,213,600,000 CNY, with the agreed transaction price set at 3,213,000,000 CNY [1] Group 2 - Ming Tai Aluminum's corresponding stake value from the transaction amounts to 80,325,000 CNY [1] - The issuance price for the shares in the asset purchase by Jiyuan Wanfang is set at 5.39 CNY per share [1] - Ming Tai Aluminum is expected to receive 149,025,974 shares as part of this transaction, with no cash payment involved [1]

Group 1 - The core viewpoint of the article highlights the recent movements of social security funds in the A-share market, revealing that they have entered the top ten circulating shareholders of 71 new stocks in the second quarter of 2025 [1] - Su Shi Testing has the highest number of new social security fund holdings, with 3 new holdings, while Shanghai Jahwa and Xin Qiang Lian each have 2 new holdings [1] - The article provides a detailed list of companies that have seen new social security fund investments, including their respective shareholding numbers, quantities, and market values [2][3][4][5] Group 2 - Specific companies mentioned include Su Shi Testing with 1,486.20 thousand shares valued at 213 million yuan, Shanghai Jahwa with 1,150.51 thousand shares valued at 242 million yuan, and Xin Qiang Lian with 555.56 thousand shares valued at 199 million yuan [2][3] - Other companies with new social security fund holdings include Hengdian East Magnetic, Nuofushin, and Baichu Electronics, each with 1 new holding, along with their respective share quantities and market values [2][3][4] - The article lists a total of 71 companies that have received new investments from social security funds, indicating a diverse range of industries from agriculture to electronics and pharmaceuticals [2][3][4][5]

财报体检工具显示：建议关注公司现金流状况(货币资金/流动负债仅为65.86%、近3年经营性现金流均 值/流动负债仅为1.89%)建议关注公司应收账款状况(应收账款/利润已达106.97%) 据证券之星公开数据整理，近期明泰铝业(601677)发布2025年中报。截至本报告期末，公司营业总收入 169.99亿元，同比上升11.0%，归母净利润9.4亿元，同比下降12.11%。按单季度数据看，第二季度营业 总收入88.75亿元，同比上升9.18%，第二季度归母净利润5.01亿元，同比下降29.28%。本报告期明泰铝 业公司应收账款体量较大，当期应收账款占最新年报归母净利润比达106.97%。 本次财报公布的各项数据指标表现一般。其中，毛利率6.12%，同比减50.65%，净利率5.54%，同比减 20.76%，销售费用、管理费用、财务费用总计1.08亿元，三费占营收比0.64%，同比增2.69%，每股净资 产14.66元，同比增8.15%，每股经营性现金流0.88元，同比增80.56%，每股收益0.75元，同比减15.73% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | -- ...

Q2 归母净利环比改善，高端转型与项目推进助力长期发展 事件：公司于 8 月 22 日披露 25H1 业绩，公司实现营收 170 亿元，同比 +11%；归母净利 9.4 亿元，同比-12%；扣非归母净利 8.3 亿元，同比- 8%。单季来看，25Q1/Q2 公司实现营收 81/89 亿元，Q2 同比+9%，环 比+9%；归母净利 4.4/5 亿元，Q2 同比-29%，环比+14%。 证券研究报告 | 半年报点评 gszqdatemark 2025 08 23 年 月 日 明泰铝业（601677.SH） 公司在新兴领域实现重点突破。子公司明泰交通新材料实现全铝立柱机器 人本体（含立柱、大臂、小臂）量产，基于铝合金轨道车体技术积淀，产 品具备一次成形、轻量化与长臂展优势，已出口日本并应用于食品饮料、 医药电子等高精度场景，正与行业龙头深化合作拓展航空清洁、高层厂房 等复杂需求。依托鸿晟新材在建的高端热处理设备（气垫炉/辊底炉），瞄 准低空飞行器与航天军工材料需求，通过高端产线建设突破强韧性调控工 艺，目标替代进口航空铝合金，为机体结构件与蒙皮材料提供本土化解决 方案。 2026-2028 年公司分红比例不低于 3 ...

证券之星消息，近日明泰铝业披露，截至2025年6月30日公司股东户数为5.58万户，较3月31日减少928.0 户，减幅为1.63%。户均持股数量由上期的2.19万股增加至2.23万股，户均持股市值为27.67万元。 | | | | 统计截止日｜区间股价涨跌幅｜股东户数｜增减｜增减比例｜户均持股市值（元）｜户均持股数（股) | | | | --- | --- | --- | --- | --- | --- | | 2025-06-30 | -1.55% | 55834 -928 | -1.63% | 27.67万 | 2.23万 | | 2025-03-31 | 6.35% | 56762 -5879 | -9.39% | 27.91万 | 2.19万 | | 2024-12-31 | -19.91% | 62641 17020 | 37.31% | 23.88万 | 1.99万 | | 2024-09-30 | 29.93% | 45621 -1010 | -2.17% | 40.95万 | 2.73万 | 根据统计，明泰铝业2025年3月31日至2025年6月30日，主力资金净流出2.18亿元，游资资金净 ...

Core Viewpoint - The report highlights the financial performance and strategic initiatives of Henan Mingtai Aluminum Industry Co., Ltd. for the first half of 2025, emphasizing its focus on high-end manufacturing, low-carbon circular economy, and the expansion of recycled aluminum applications. Company Overview and Key Financial Indicators - The company reported a revenue of approximately 16.99 billion RMB, an increase of 11% compared to the same period last year [2] - The total profit decreased by 10.9% to approximately 1.07 billion RMB, while the net profit attributable to shareholders fell by 12.11% to about 940 million RMB [2] - The net cash flow from operating activities increased by 80.56% to approximately 1.1 billion RMB [2] - Total assets grew by 20.38% to approximately 28.08 billion RMB, and net assets increased by 5.36% to about 18.23 billion RMB [2] Industry and Main Business Situation - The aluminum plate, strip, and foil industry maintained resilience supported by demand from the new energy sector, while recycled aluminum applications expanded rapidly due to policy and technological advantages [3] - The company has developed into a leading player in both diversified aluminum processing and recycled aluminum applications, with products used in various sectors including new energy, transportation, electronics, and military [3][4] - The company operates four hot-rolling production lines and has advanced recycling technology, with an annual processing capacity of over 1 million tons of waste aluminum [3] Operational Analysis - The company employs a "sales-driven production" model, ensuring stable procurement of raw materials through long-term agreements with suppliers [4] - The company focuses on high-end intelligent manufacturing and low-carbon circular economy, aiming to enhance product structure and management efficiency [5] - The company has made significant advancements in technology, including the development of high-performance aluminum foil for solid-state batteries and lightweight aluminum structures for robotics and aerospace applications [5][6] Financial Performance and Cost Management - The company reported an increase in operating costs by 18.96% to approximately 15.96 billion RMB, while sales expenses decreased by 13.99% [11] - The company has implemented measures to reduce costs and improve efficiency, including the use of recycled aluminum to lower raw material costs [7] - The company achieved a sales volume of 780,000 tons in the first half of 2025, with a revenue of 17 billion RMB [7] Competitive Advantages and Future Outlook - The company has established a strong competitive position through continuous technological innovation and a focus on green production practices [8] - The company has received multiple certifications for its green manufacturing processes and aims to further enhance its recycling capabilities in response to new regulations [8][13] - The company is actively pursuing international procurement of recycled aluminum to expand its supply network and reduce carbon emissions [13] Governance and Investor Relations - The company has undergone a board restructuring to enhance decision-making efficiency and governance practices [14] - The company emphasizes transparent communication with investors and has implemented a systematic investor relations management framework [15]

河南明泰铝业股份有限公司 2025 年半年度报告摘要 公司代码：601677 公司简称：明泰铝业 河南明泰铝业股份有限公司 河南明泰铝业股份有限公司 2025 年半年度报告摘 要 第一节 重要提示 一、本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发 展规划，投资者应当到 www.sse.com.cn 网站仔细阅读半年度报告全文。 二、本公司董事会及董事、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。 三、公司全体董事出席董事会会议。 截至报告期末股东总数（户） 单位: 股 四、本半年度报告未经审计。 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 不适用 第二节 公司基本情况 | 一、公司简介 | | | | | --- | --- | --- | --- | | 股票种类 | 股票上市交易所 | 股票简称 | 股票代码 | | A股 | 上海证券交易所 | 明泰铝业 | 601677 | | 联系人和联系方式 | 董事会秘书 | 证券事务代表 | | | 姓名 | 雷鹏 | 景奇浩 ...

Fundraising Overview - The company raised a total of RMB 1,268,352,723.15 through a non-public offering of 100 million shares at RMB 12.80 per share, approved by the China Securities Regulatory Commission [1] - As of June 30, 2025, the company has invested RMB 327,656,254.14 in fundraising projects, with RMB 61,156,697.46 specifically allocated to fundraising projects [1][3] Fund Management - The company has established a fundraising management method in compliance with relevant laws and regulations to protect investor rights [1] - As of August 21, 2023, the company signed tripartite supervision agreements with several banks to manage the fundraising [1] Actual Use of Funds - The company has temporarily supplemented working capital with RMB 40 million of idle funds, which has not yet been repaid as of June 30, 2025 [2][4] - The company has also engaged in cash management for idle funds, with an amount of RMB 40 million not yet recovered [4] Changes in Fundraising Projects - The company approved a change in the use of part of the fundraising for the "Automobile and Green Energy Aluminum Industry Park Project" instead of the original "Annual Production of 250,000 Tons of New Energy Battery Materials Project" [1][4] - The change was approved during the second extraordinary general meeting of shareholders on December 17, 2024, with a focus on maximizing fund efficiency [4]

证券代码：601677 证券简称：明泰铝业 公告编号：临 2025-048 河南明泰铝业股份有限公司关于 使用部分闲置募集资金临时补充流动资金的公告 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： ? 公司拟使用总额不超过3亿元的向特定对象发行股票闲置募集资金临时 补充流动资金，使用期限自公司董事会审议批准之日起不超过十二个月。 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"证监会"）出具的《关于同意河南 （证监许可〔2023〕1056 明泰铝业股份有限公司向特定对象发行股票注册的批复》 号）核准，公司向特定对象发行人民币普通股（A 股）股票 1 亿股，募集资金总 额为人民币 1,280,000,000.00 元，扣除发行费用人民币 11,647,276.85 元（不含增 值税），实际募集资金净额为人民币 1,268,352,723.15 元，上述资金于 2023 年 8 月 2 日全部到位。2023 年 8 月 3 日大华会计师事务所（特殊普通合伙）出具了 《河南明泰铝业股份有限公司发行人民 ...