大公国际资信评估有限公司通过对北京金隅集团股份有限公司及"18金隅02"的信用状况进行跟踪评级， 确定北京金隅集团股份有限公司的主体信用等级维持AAA，评级展望维持稳定，"18金隅02"的信用等 级维持AAA。 4月29日，大公国际公布评级报告，北京金隅集团股份有限公司主体获"AAA"评级，相关债项 获"AAA"评级，评级展望稳定。 大公国际认为，北京金隅集团股份有限公司（以下简称"金隅集团"或"公司"）主要从事建材与房地产业 务。跟踪期内，多元化业务发展有助于提高公司整体抗风险能力，公司水泥产品在华北地区品牌知名度 和市场占有率较高，新型建材产品仍保持一定的品牌和规模优势，融资渠道较为多元，公司是控股股东 北京国有资本运营管理有限公司（以下简称"北京国管"）旗下建材板块最大的经营主体，可获得相关支 持；但2024年公司净利润亏损规模同比扩大，应收类款项部分账龄较长且存在一定资金占用，同时存货 存在一定跌价损失风险，2024年，公司期末总有息债务仍维持较大规模，经营性现金流同比转为净流 出，公司仍存在一定短期偿债压力。 资料显示，金隅集团成立于2005年12月22日，公司进行了多次增资扩股、股权调整，2009 ...

Financial Performance - The company's operating revenue for 2024 was RMB 110,711,819, an increase of RMB 2,756,139 or 2.6% compared to 2023[6]. - The total profit for 2024 reached RMB 456,099, marking a significant increase of RMB 155,712 or 51.8% from the previous year[6]. - The net loss attributable to shareholders of the parent company was RMB (555,162), a decline of RMB 580,425 or (2,297.5%) compared to a profit of RMB 25,263 in 2023[6]. - The basic earnings per share attributable to shareholders of the parent company was RMB (0.050), a decrease of RMB 0.052 or (2,600.0%) from RMB 0.002 in 2023[6]. - The main business gross profit decreased by 5.5% to RMB 10,884.7 million, with a gross margin of 9.9%, down 0.9 percentage points from the previous year[64]. - The net loss attributable to shareholders was approximately RMB 555.2 million, a significant increase of 2,297.5% compared to a profit of RMB 25.3 million in the previous year[64]. - The company reported a revenue of approximately RMB 110,711.8 million for 2024, representing a year-on-year increase of 2.6%[64]. Cash Flow and Assets - The company reported a cash balance of RMB 18,292,078, an increase of RMB 959,961 or 5.5% from RMB 17,332,117 in 2023[6]. - The net current assets increased by 55.2% to RMB 36,416.5 million, indicating improved liquidity[64]. - The company's total assets decreased to RMB 263,995,721, down by RMB 5,683,418 or (2.1%) from RMB 269,679,139 in 2023[6]. - The debt-to-asset ratio was 65.1%, slightly up by 0.1 percentage points from 65.0% in 2023[6]. - The cash and cash equivalents increased by 5.5% to RMB 18,292.1 million, while current liabilities decreased by 17.7% to RMB 96,778.9 million[64]. Real Estate Development - The company has developed approximately 170 real estate projects, with a total construction area exceeding 30 million square meters[17]. - The real estate development segment increased land reserves by approximately 273,000 square meters (equity area) through the acquisition of four quality plots[50]. - The company completed the delivery of 9,890 residential units during the year, with a non-residential area de-stocking of 120,000 square meters[69]. - The total area of land reserves held by the company is 5,614,300 square meters as of the reporting period[79]. - The company recorded a total contracted sales amount of approximately RMB 13,470.0 million, a year-on-year decrease of about 42.0%[79]. Investment and Acquisitions - The company successfully acquired an 11.816% stake in Tianjin Building Materials Group Co., Ltd. through a public bidding process[117]. - The group entered into a share transfer agreement to acquire 100% equity of a target company for a total consideration of RMB 63,502.86 million, funded by internal resources[117]. - The acquisition is expected to enhance the company's market influence in Heilongjiang province, creating a synergistic effect in the region[118]. - The company agreed to acquire a 40% stake in a subsidiary for approximately RMB 200.1 million, which constitutes a related party transaction[121]. Environmental and Social Governance - The company was recognized as one of the top 50 ESG listed companies in the Beijing-Tianjin-Hebei region and received accolades for its environmental, social, and governance practices[51]. - The company issued a green low-carbon transformation plan and established a carbon emission rights management approach, with 11 enterprises rated as A-level for heavy pollution weather performance[51]. - The company has established a carbon emission management system and completed the first phase of its carbon management platform[94]. - The company has implemented environmental protection policies in compliance with national laws and regulations, ensuring no major environmental pollution incidents occurred during the reporting period[171]. Market Strategy and Future Plans - The company aims to enhance its market position by focusing on differentiated marketing strategies and expanding into new sectors such as aggregates and renewable energy[53]. - The company plans to actively participate in urban renewal and affordable housing projects, leveraging policy opportunities to drive business growth[53]. - The company is committed to a dual-core business strategy in green building materials and real estate, aiming for high-quality development through both internal and external resource integration[92]. - For 2025, the company has set a theme of "high-quality development breakthrough year" and aims to deepen state-owned enterprise reforms and strengthen innovation leadership[104]. Corporate Governance and Management - The company appointed Mr. Hong Yongmiao as an independent non-executive director since May 12, 2021, who holds a PhD in Economics from the University of California, San Diego[28]. - The independent directors receive an annual remuneration of RMB 150,000 (pre-tax)[187]. - The company has established a harmonious labor relationship and focuses on protecting employees' legal rights, contributing to long-term development[173]. - The internal control system has been enhanced, with 118 regulations updated and a new internal control management manual for 2024 developed[136]. Employee and Training - As of December 31, 2024, the group employed a total of 43,825 employees, a decrease from 44,885 employees as of December 31, 2023[143]. - Total employee compensation for the reporting period was approximately RMB 7,453.2 million, representing an increase of about 5.3% compared to RMB 7,075.3 million for the year ended December 31, 2023[143]. - The group conducted 3,414 training sessions in 2024, with a total participation of 170,000 individuals, achieving a training coverage rate of 100%[145]. Financial Management - The company has a robust financial policy with strict cash and risk management, primarily holding cash and bank balances in RMB[153]. - The total interest expense allocated to capital during the reporting period amounted to approximately RMB 1,113,624,012.42[161]. - The company issued various bonds during the reporting period, including RMB 15 billion in medium-term notes with a coupon rate of 2.87% and RMB 20 billion with a coupon rate of 2.84%[162][163].

国泰海通主要观点如下： 水泥需求下滑幅度进入放缓区间行业盈利就有望改善需要达成合意错峰天数，实现供给侧优化的累积与 下滑的需求匹配。如需求下降较快，合意天数达成难度大，现需求弱降甚至单月正增长有助于合意天数 的达成进而对价格形成更强的支撑。 投资建议 国泰海通发布研报称，3月以来华东和华南磨机开工率保持正增长，3月初至4月10日华东、华南平均磨 机开工率分别为63%、62%，较2024年同期的55%、51%有明显提升；沿江熟料库存保持在40%以下的 低位，水泥需求正增长的确信度高。从微观角度看，卓创等数据统计的样本(多为大企业)磨机开工率表 征的需求更佳，海螺水泥（600585）一季度销量优于行业实现正增长，考虑到大企业在大型基建项目中 份额更高，微观数据亦可验证基建是需求增长的抓手。 磨机开工率、库存印证数据可靠性高，3月水泥需求正增长 从卓创磨机开工率、库存可验证需求数据的可靠性：3月以来华东和华南磨机开工率保持正增长，3月初 至4月10日华东、华南平均磨机开工率分别为63%、62%，较2024年同期的55%、51%有明显提升；沿江 熟料库存保持在40%以下的低位，水泥需求正增长的确信度高。自2021下半 ...

北京金隅集团股份有限公司（以下简称 "金隅集团""本公司""公司"）于2025年3月29日披露了《北京金 隅集团股份有限公司2024年年度报告》。经事后核查，公司披露的年度报告部分数据有误。根据《上海 证券交易所上市公司自律监管指引第1号一一规范运作》《公开发行证券的公司信息披露编报规则第19 号一一财务信息的更正及相关披露》等相关规范性文件的规定，为保证信息披露的准确性，公司决定对 涉及的有关信息进行更正，相关更正内容不影响公司报告期财务状况、经营成果和现金流状况。 本次更正内容主要涉及《北京金隅集团股份有限公司2024年年度报告》中的以下内容： 一、"第三节：管理层讨论与分析"之"第五、报告期内主要经营情况"之"2、收入和成本分析"之"（1） 主营业务分行业、分产品、分地区、分销售模式情况"、"（4）成本分析表" 证券代码：601992 证券简称：金隅集团 编号： 临2025－024 单元：元 币种：人民币 北京金隅集团股份有限公司关于2024年年度报告的更正公告 本公司及董事会全体成员保证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、准确和完整承担个别及连带责任。 登录新浪财经 ...

北京金隅集团股份有限公司（以下简称 "金隅集团""本公司" "公司"）于 2025 年 3 月 29 日披露了《北京金隅集团股份有限公司 2024 年年度报告》。经事后核查，公司披露的年度报告部分数据有 误。根据《上海证券交易所上市公司自律监管指引第 1 号——规范运 作》《公开发行证券的公司信息披露编报规则第 19 号——财务信息 的更正及相关披露》等相关规范性文件的规定，为保证信息披露的准 确性，公司决定对涉及的有关信息进行更正，相关更正内容不影响公 司报告期财务状况、经营成果和现金流状况。 证券代码：601992 证券简称：金隅集团 编号： 临 2025－024 北京金隅集团股份有限公司 关于 2024 年年度报告的更正公告 本公司及董事会全体成员保证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、准确和完整承担个别及连带责任。 更正后： 单位：元 币种：人民币 | | | | | | | | | | 公司对外担保情况（不包括对子公司的担保） | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Financial Performance - In 2024, the company achieved a total operating revenue of ¥110.71 billion, representing a 2.55% increase compared to ¥107.96 billion in 2023[23]. - The net profit attributable to shareholders of the listed company was -¥555.16 million, a significant decrease of 2297.55% from ¥25.26 million in 2023[23]. - The net cash flow from operating activities was -¥5.32 billion, a decline of 174.45% compared to ¥7.14 billion in 2023[23]. - The total assets of the company at the end of 2024 were ¥263.99 billion, down 2.11% from ¥269.68 billion at the end of 2023[23]. - The net assets attributable to shareholders of the listed company increased to ¥73.72 billion, a 0.97% rise from ¥73.01 billion in 2023[23]. - The basic earnings per share for 2024 was -¥0.05, a decrease of 2600.00% from ¥0.002 in 2023[24]. - The company reported a decrease in net profit from recurring operations, amounting to -¥2.86 billion, a 40.98% increase in losses compared to -¥2.03 billion in 2023[23]. - The weighted average return on equity (ROE) for 2024 is -0.75%, a decrease of 0.79 percentage points from 0.04% in 2023[25]. Revenue Breakdown - The total operating revenue for the first quarter of 2024 is 12.83 billion yuan, while the net profit attributable to shareholders is -1.31 billion yuan[27]. - The total operating revenue for the second quarter of 2024 is 32.73 billion yuan, with a net profit attributable to shareholders of 501.91 million yuan[27]. - The total operating revenue for the third quarter of 2024 is 31.47 billion yuan, with a net profit attributable to shareholders of 370.13 million yuan[27]. - The total operating revenue for the fourth quarter of 2024 is 33.68 billion yuan, with a net profit attributable to shareholders of -118.62 million yuan[27]. - The company achieved a consolidated revenue of CNY 110.71 billion, a year-on-year increase of 2.6%, with main business revenue rising by 2.5% to CNY 109.75 billion[47]. - The total profit amounted to CNY 4.6 billion, reflecting a significant year-on-year increase of 51.8%, while the net profit was CNY -15.3 billion, a decrease of 19.2%[47]. Segment Performance - The new green building materials segment reported a main business revenue of CNY 78.27 billion, a decline of 2.1%, but the gross profit increased by 12.67% to CNY 7.21 billion[48]. - Cement and clinker sales reached 84.4 million tons, a decrease of 9.48%, with cement sales down by 12.58% to 75.47 million tons[48]. - The real estate development and operation segment generated a main business revenue of CNY 32.74 billion, up 15.24%, but gross profit fell by 21.77% to CNY 4.15 billion[49]. Cash Flow and Financing - The company’s financing cost was reduced to 3.18%, with a successful issuance of five phases of technology innovation bonds at a minimum interest rate of 1.99%[46]. - The company issued bonds totaling CNY 21.8 billion, receiving the "Outstanding Issuer of Industrial Bonds" award from the Shanghai Stock Exchange for 2023[46]. - The company’s R&D expenses increased by 25.6% to CNY 665.89 million, reflecting a commitment to innovation[51]. - The company’s carbon emission management strategy includes a 11% fuel replacement rate in the cement industry and the establishment of 16 new photovoltaic projects with a total installed capacity of 51.47 MW[46]. Environmental Compliance - The company has a structured profit distribution process that involves multiple levels of review and communication with independent directors and shareholders[121]. - The company has implemented a comprehensive internal control system, updating 118 regulations and enhancing compliance management to mitigate risks[133]. - The company has established an emergency response plan for environmental incidents, ensuring rapid and efficient handling of pollution events[156]. - The company has adopted automatic monitoring for volatile organic compounds (VOCs) emissions, ensuring continuous compliance with environmental standards[157]. Governance and Management - The company held 10 board meetings during the reporting period, approving a total of 64 proposals[84]. - The supervisory board convened 4 times, passing 12 proposals, all in compliance with relevant regulations[85]. - The company emphasizes the importance of governance and compliance, ensuring that all shareholders, especially minority shareholders, are treated fairly and equitably[83]. - The company has a structured process for determining the remuneration of directors and senior management, ensuring transparency and accountability[100]. Strategic Initiatives - The company aims to enhance its core competitiveness through vertical integration of the entire industry chain, focusing on both new green building materials and real estate development[43]. - The company is focusing on cost reduction and efficiency improvement in its cement and concrete businesses while expanding into high-value segments[33]. - The company plans to enhance its industrial capabilities through technological innovation and the development of new materials[74]. - The company is actively pursuing strategic restructuring and professional integration to enhance supply chain resilience[73]. Future Outlook - The company aims for a revenue target of 100 billion yuan for 2025, focusing on high-quality development and innovation[76]. - The company plans to enhance its financing structure and reduce debt levels to ensure a stable cash flow and maintain a reasonable asset-liability ratio[79]. - The company is committed to technological innovation and green transformation to adapt to policy changes and market demands, aiming to reduce carbon emissions and improve energy efficiency[78].

分区域看，泛京津冀区域贯彻落实非采暖季开二停一错峰政策，坚持量价动态平衡，全年均价保持平稳 运行；泛东 北地区推动刚性、精准错峰，5月份起主流产品42.5散连续复价150-200元/吨，全年均价同 比上涨60元/吨；陕西、重庆、湖南、烟台区域下半年重塑行业生态，力促价格止跌回升，下半年主流 产品累计复价100-170元/吨。 2024年财报显示，冀东水泥归属于上市公司股东的净亏损9.91亿元，同比减亏33.14%，归属于上市公司 股东的扣除非经常性损益的净亏损11.02亿元，基本每股亏损0.373元。每10股拟派发现金红利1.00元。 冀东水泥在亏损的情况下进行现金分红，这样合规吗？ 4月9日，唐山冀东水泥股份有限公司举行业绩说明会，董事、总经理魏卫东，董事、副总经理、董事会 秘书任前进，财务总监杨北方，独立董事王建新，证券事务代表、董事会秘书室主任薛峥等管理层出席 本次会议。 对此，管理层表示，公司的累计未分配利润为正，在当期亏损的情况下分红不违反法律法规的规定，公 司也同步修订章程中分红相关内容，分红合规。公司也发布了三年回报规划，回馈全体股东。 截至2024年12月末，冀东水泥合并口径有息债务总额204 ...

3月29日，金隅集团发布2024年可持续发展报告暨环境、社会及治理报告。报告显示，2024年，公司分 别获得了MSCI、华证、万得、中诚信给予的BB级、A级、A级和A+评价，跻身中国ESG上市公司京津 冀先锋50、国有企业社会责任·先锋100指数第66位、国有企业上市公司ESG·先锋100 指数第73 位，获评 中国建材联合会建筑材料行业ESG 典型实践案例、北京市属国有控股上市公司ESG 十佳案例等殊荣。 在企业治理方面，报告显示，金隅集团顺成立新质生产力重大专项任务专班，全力探索集团新环境下的 未来转型之路。确定"氢能+智算"战略方向，并由此发展战略新兴产业，布局金隅未来产业，谋划新产 业支柱，推动人工智能加快形成现实生产力。 紧抓未来产业发展机遇，紧密结合东城区人工智能产业组团定位，与东城区政府、央企及相关产业链生 态企业、研究机构和大学院所等共同发起设立北京先进智算与大模型应用开放实验室，建设新型研发机 构创新联合体新范式；推动实验室生态企业入住环贸空间，与集团产业应用场景相结合实现大模型产业 项目孵化落地;与东城区政府共同打造东城文化与科技融合先进智算平台，落地大模型应用。 规划集团智算产业发展和算 ...

二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 801091.31万股，累计占流通股比： 75.05%，较上期变化： -3481.02万股。 | 名称 持有数量(万股) | | 占总股本比例 | 增减情况(万 | | --- | --- | --- | --- | | | | (%) | 股) | | 北京国有资本运营管理有限公司 | 483266.59 | 45.28 | 不变 | | HKSCC NOMINEES LIMITED | 233876.49 | 21.91 | 不变 | | 中国建材股份有限公司 | 45994.00 | 4.31 | 不变 | | 香港中央结算有限公司 | 9258.41 | 0.87 | -1483.27 | | 润丰投资集团有限公司 | 7514.00 | 0.70 | 不变 | | 中国证券金融股份有限公司 | 5244.36 | 0.49 | -125.20 | | 中国农业银行股份有限公司-中证500交易型开放式指数 证券投资基金 | 4673.53 | 0.44 | 新进 | | 平安资管-工商银行-鑫福37号资产管理产品 | 4446.66 | 0 ...

市值管理制度 第一章 总则 北京金隅集团股份有限公司 华人民共和国证券法》《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》《上市公司监管 指引第 10 号——市值管理》等规定，制定本制度。 第二条 本制度所指市值管理，是指公司以提高公司质量为基础， 为提升公司投资价值和股东回报能力而实施的战略管理行为。 第二章 目的与基本原则 第一条 为加强上市公司市值管理工作，进一步规范北京金隅集 团股份有限公司（下称"公司"）的市值管理行为，维护公司、投资 者及其他利益相关者的合法权益，根据《中华人民共和国公司法》 《中 第三条 市值管理的主要目的是通过诚实守信、规范运作、专注 主业、稳健经营，培育和运用新质生产力，推动经营水平和发展质量 提升；在此基础上，做好投资者关系管理，增强信息披露质量和透明 度，必要时积极采取措施提振投资者信心，推动公司投资价值合理反 映公司质量。 第四条 市值管理的基本原则 （一）合规性原则。公司的市值管理行为建立在国家各项法律、 法规的基础上依法合规进行。 （二）科学性原则。公司实施各种尊重生产经营和资本市场规律 的科学手段，确保市值管理的有效与高 ...