Core Viewpoint - The management of market value by central state-owned enterprises has transitioned from a policy advocacy phase to a comprehensive implementation phase, with companies actively responding to policy requirements and releasing signals of high-quality development to the capital market [1] Group 1: Market Value Management Initiatives - The Beijing Listed Companies Association organized a seminar on "Market Value Management and Value Investment," involving over 200 participants from listed companies and investment research institutions [1] - The Secretary-General of the Beijing Listed Companies Association emphasized the importance of market value management for company influence, investor relations, and the stability of the capital market [1] Group 2: Core Competitiveness Enhancement - Participating companies believe that the core of market value management lies in solidifying the intrinsic value of enterprises, focusing on main business development, and enhancing core competitiveness through technological innovation and management optimization [2] - China Railway, leading the investment and operation of the Jingwei Expressway, showcased its technological advantages and commitment to safety and efficiency through the application of new technologies during construction [2] Group 3: Company Practices in Market Value Management - China Railway has developed a long-term mechanism for market value management, focusing on institutional innovation, practical planning, and performance assessment [4][5] - Jinju Group has established a long-term mechanism for market value management, emphasizing value creation, growth, transmission, and maintenance [5] - China Chemical's market value management is driven by high-quality development and a dual focus on technological and management innovation, aiming to enhance operational efficiency and core competitiveness [6] Group 4: Knowledge Sharing and Future Directions - Representatives from listed companies shared their experiences in market value management, highlighting the importance of improving company quality while maximizing shareholder returns [4][7] - The Beijing Listed Companies Association plans to continue promoting advanced experiences and practices in market value management among its members, fostering a collaborative environment for learning and improvement [7]

2025年4月24日，中诚信国际公布评级报告，北京金隅集团股份有限公司主体等级获"AAA"评级。 中诚信国际肯定了北京金隅集团股份有限公司（以下简称"金隅集团"或"公司"）水泥业务保持突出的产 能规模优势，在华北地区领先的市场地位相对稳固；水泥产业链延伸、新型建材及商贸物流等板块一体 化发展有助于增强产业发展竞争力；具有很强的外部融资能力等方面的优势。同时中诚信国际也关注到 房地产和水泥行业的下游需求疲弱导致公司盈利及经营获现水平持续承压；房地产业务仍面临一定的投 资压力，需关注资金平衡情况及房地产项目的去化进度；行业下行期公司资金需求增加，债务规模和财 务杠杆上升较快等因素对其经营和整体信用状况造成的影响。 中诚信国际认为，北京金隅集团股份有限公司信用水平在未来12~18个月内将保持稳定。 本文源自金融界 资料显示，公司原名北京金隅股份有限公司，成立于2005年12月，是经北京市人民政府国有资产监督管 理委员会（以下简称"北京市国资委"）和北京市发展和改革委员会批准，由北京金隅集团有限责任公司 （以下简称"金隅有限"）作为主发起人设立的股份有限公司。2009年7月，公司在香港联交所实现整体 上市（证券代码： ...

关于北京金隅集团股份有限公司2024年年度股东大会的 法律意见书 观意字 2025BJ001206 号 致：北京金隅集团股份有限公司 北京观韬律师事务所（以下简称"本所"）受北京金隅集团股份有限公司（以 下简称"公司"）委托，指派本所律师出席公司 2024 年年度股东大会（以下简称 "本次股东大会"），并依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》、《上市公司股东会规则》（以下简称"《规则》"）以及 公司现行有效的《公司章程》的有关规定，指派律师对公司于 2025 年 5 月 23 日 召开的公司 2024 年年度股东大会（以下简称"本次股东大会"）进行见证，出具 本法律意见书。 为出具本法律意见书，本所律师查询了公司在信息披露媒体上刊登的相关公 告，核查了公司提供的有关本次股东大会的文件，听取了公司就有关事实的陈述 和说明，列席了本次股东大会。公司已经向本所律师提供了本所律师认为出具本 法律意见书所必需的、真实、准确、完整的原始书面材料、副本材料或者口头证 言，并无任何隐瞒、虚假、误导或重大遗漏之处；公司保证提供的正本与副本一 致、原件与复印件一致；公司保证所提供的文件 ...

证券代码：601992 证券简称：金隅集团 公告编号：2025-028 北京金隅集团股份有限公司 2024年年度股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 (一)股东大会召开的时间：2025 年 5 月 23 日 (二)股东大会召开的地点：中国北京市东城区北三环东路 36 号环球贸易中心 D 座 22 层第六会议室 (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 | 569 | | --- | --- | | 其中：A 股股东人数 | 568 | | 境外上市外资股股东人数（H 股） | 1 | | 2、出席会议的股东所持有表决权的股份总数（股） | 5,555,696,267 | | 其中：A 股股东持有股份总数 | 5,355,758,844 | | 境外上市外资股股东持有股份总数（H 股） | 199,937,423 | | 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 | 52.03048 ...

座谈交流环节，北上协秘书长李洪海在致辞中表示，市值管理是指上市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，是上市公司必须关注且需要做好的一项工 作。上市公司的市值管理事关公司影响力大小、事关投资者关系的维护、事关中国资本市场的稳定发 展。 金隅集团对与会代表的到来表示热烈欢迎，并以市值管理为主题，介绍了金隅集团在原有市值管理经验 基础上，着力围绕制度革新、务实规划"两大抓手"，通过研究制定市值管理制度、2025年度估值提升计 划，全面构建市值管理长效机制；同时把价值创造、价值成长、价值传递和价值维护作为公司市值管理 工作的四条实现路径，并制定提升经营质效、用好资本工具、落实分红规划、畅通沟通渠道、提高信披 质量、择时开展增持回购等六项落实措施，切实推动公司市值管理实践持续深化。 活动邀请中国建筑股份有限公司分享了市值管理方面的经验做法，全面阐述了"366"战略市值管理模 式，即以成长性价值、回报性价值、确定性价值"三个价值"为战略目标，以价值诊断、价值创造、价值 经营、价值重塑、价值传递、价值实现"六个环节"为战略路径，以理念、战略、组织、制度、资源、绩 效"六个要素"为 ...

Core Viewpoint - The company is focusing on enhancing its governance structure, operational efficiency, and financial performance while navigating challenges in the construction and real estate sectors. Group 1: Governance and Operational Structure - The company has established a solid governance framework that complies with various regulatory requirements, ensuring effective execution and supervision of its operations [6][4][3] - The board of directors is composed of diverse members with varied backgrounds, enhancing decision-making quality and internal checks [6][7] - The board and its committees have held numerous meetings to discuss and approve key operational plans and reports, demonstrating a commitment to structured governance [7][4] Group 2: Financial Performance - The company reported a total revenue of 109.75 billion yuan in 2024, reflecting a year-on-year increase of 2.5%, while the total profit reached 460 million yuan, up 51.8% [29][21] - However, the net profit was a loss of 1.53 billion yuan, a decrease of 19.2% compared to the previous year, indicating challenges in profitability [29][21] - The company’s total assets were valued at 264 billion yuan, with a debt ratio of 65.11%, showing a stable financial position despite a slight decrease in total assets [29][21] Group 3: Strategic Development and Future Plans - The company aims to achieve a revenue target of 100 billion yuan by 2025, focusing on high-quality development and innovation [11][12] - The strategic plan includes enhancing the core business in construction materials, expanding market reach, and improving operational efficiency [11][12] - The company is committed to green and low-carbon development, aligning with national policies on carbon neutrality and energy optimization [10][12] Group 4: Shareholder Returns and Profit Distribution - The company has proposed a shareholder return plan for 2024-2026, aiming for a minimum cash dividend of 0.05 yuan per share, with total cash dividends not less than 30% of the audited net profit [30][33] - The proposed profit distribution for 2024 includes a cash dividend of 0.5 yuan per 10 shares, totaling approximately 53.39 million yuan [36][35] - The company emphasizes maintaining a stable and continuous profit distribution policy to enhance shareholder value [31][33] Group 5: Risk Management and Challenges - The company faces challenges from declining demand in the construction and real estate sectors, necessitating a shift in operational strategies [21][16] - It is essential for the company to adapt to changing market conditions and consumer preferences while managing financial risks effectively [16][21] - The company plans to enhance its risk management framework to mitigate potential impacts from external economic fluctuations [16][21]

北京金隅集团股份有限公司 2024 年年度股东大会 会议文件 二〇二五年五月 股东大会会议文件 北京金隅集团股份有限公司 2024 年年度股东大会会议议程 会议时间：2025 年 5 月 23 日(星期五)14:00 会议地点：环球贸易中心 D 座 22 层第六会议室 会议议程： 1.主持人宣布会议开始，提议计票人和监票人 2.审议关于公司 2024 年度报告、报告摘要及业绩公告的议案 3.审议关于公司董事会 2024 年度工作报告的议案 8.审议关于公司 2024 年度审计费用及聘任公司 2025 年度财务报告及内部 控制审计机构的议案 9.审议关于公司执行董事 2024 年度薪酬的议案 10.审议关于公司发行股份之一般授权的议案 11.审议关于公司 2025 年度担保计划的议案 12.审议关于公司 2025 年度新增财务资助额度预计的议案 13.审议关于公司符合发行公司债券条件的议案 14.审议关于公司发行公司债券的议案 4.审议关于公司监事会 2024 年度工作报告的议案 5.审议关于公司 2024 年度财务决算报告的议案 6.审议关于公司《未来三年(2024 年-2026 年)股东回报规划》的议案 7 ...

Core Viewpoint - The financial performance of Beijing Jinyu Group Co., Ltd. for the year 2024 shows significant losses, with a reported revenue of 110.71 billion yuan and a net profit attributable to shareholders of -0.555 billion yuan, indicating a deterioration compared to the previous year [2][4]. Financial Performance Summary - The company achieved an operating income of 110.71 billion yuan in 2024, with a net profit attributable to shareholders of -0.555 billion yuan and a net cash flow from operating activities of -5.316 billion yuan [2][4]. - In comparison, the previous year's net profit was 0.025 billion yuan, with a net cash flow from operating activities of 7.141 billion yuan [2][4]. - The new green building materials segment generated a revenue of 78.265 billion yuan, while the real estate development and operation segment contributed 32.737 billion yuan [2][4]. Non-Recurring Gains and Losses - The net amount of non-recurring gains and losses attributable to shareholders was 2.304 billion yuan, significantly impacting performance, primarily due to non-current asset disposal gains of 1.169 billion yuan and fair value changes of financial assets and liabilities of 0.633 billion yuan [2][4]. Audit Findings - The audit firm, Ernst & Young Huaming, issued an unqualified audit opinion on the financial statements, confirming compliance with accounting standards [1][5]. - The audit procedures included verifying cash flow from operating activities, investment activities, and financing activities to ensure accurate representation in the financial statements [4][5]. Accounting Estimates and Changes - The company plans to change the depreciation period for machinery and equipment from 15 years to a range of 5-20 years, which is expected to increase profits by 0.36 billion yuan, 0.41 billion yuan, and 0.49 billion yuan for the years 2022, 2023, and 2024 respectively [10][11]. - The total book value of machinery and equipment as of the end of 2024 was 36.379 billion yuan, with a book value of 16.709 billion yuan [10][11]. Commodity Trading Business - The company reported revenue of 41.124 billion yuan from its commodity trading business, reflecting a year-on-year increase of 4.84%, although the gross margin was only 0.31%, down by 2.57 percentage points from the previous year [13][14]. - The audit confirmed that the revenue recognition for the commodity trading business was in accordance with accounting standards [16][21]. Real Estate Projects - The company reported a gain of 0.676 billion yuan from fair value changes in investment properties, with a book value of 45.050 billion yuan at the end of the reporting period [21][22]. - The company also reported a significant increase in inventory impairment provisions, totaling 0.753 billion yuan for the period [21][24].

Deloitte. 基于执行的上述核查程序,我们认为,公司管理层编制的会计估计变更的说明在所有重大 方面符合《企业会计准则第28号 -- 会计政策、会计估计变更和差错更正》的要求,公允反映 公司自 2025年1月1日起相关机器设备折旧年限会计估计变更情况;同时,结合同行业可比 上市公司信息,公司的会计估计与同行业公司不存在重大差异。 德勒华永会计师 中国 2025年5月16日 德勤华永会计师事务所(特殊普通合伙)关于上海证券交易所 《关于北京金隅集团股份有限公司 2024年年度报告的信息披露监管问询函》的回复 德师报(函)字(25)第 Q00715 号 上海证券交易所上市公司管理一部: 我们于 2025年 4 月 25 日收到了北京金隅集团股份有限公司(以下简称"公司")转来的上 海证券交易所下发的《关于北京金隅集团股份有限公司 2024 年年度报告的信息披露监管问询 函》(上海证券交易所上证公函[202510425 号)(以下简称"问询函")。根据问询函的要求及公司 提供的相关说明,我们就问询函中涉及我们的相关问题开展了如下核查程序: WorldClass 智启非凡 获取公司相关机器设备预计使用年限变更的情 ...

广州第一太平戴维斯房地产与土地评估有限公司北京分公司（以下简称"我机 构"）接受委托，对北京金隅集团股份有限公司（以下简称"金隅集团"或"公司"）2024 年度 投资性物业评估工作，出具了编号为 BJ/2024/PV/63/SZ/GZ 的投资性房地产评估报告。 我们阅读了公司对相关问题的回复，并就相关问题进行了仔细核查，并就此说明, 具体如下： 1、投资性房地产概述 《关于北京金隅集团股份有限公司 2024 年年度报告信息披露监管工作函》 投资性房地产评估问题的说明 北京金隅集团股份有限公司： | 区域 | 可出租面积 (万平米) | 账面价值 (亿元) | 平均单价 (元/平米) | | --- | --- | --- | --- | | 北京 | 144.30 | 358.57 | 20,076.71 | | 天津 | 32.96 | 49.38 | 9.733.89 | | 合肥 | 12.60 | 23.85 | 18,928.57 | | 成都 | 6.26 | 9.01 | 14.392.97 | | 上海 | 1.70 | 5.11 | 28.388.89 | | 其他 | 1.69 | 4.5 ...