Group 1 - The Supervisory Board of Yongjie New Materials Co., Ltd. held its 10th meeting of the 5th session on August 11, 2025, with all three supervisors present, confirming compliance with relevant laws and regulations [1] - The Supervisory Board approved the 2025 semi-annual report and its summary, stating that the report accurately reflects the company's operational and financial status without any false or misleading statements [1][2] - The company proposed a cash dividend distribution plan for the 2025 semi-annual period, recommending a distribution of 1.80 yuan per 10 shares, totaling 35,409,600 yuan, which accounts for 19.06% of the net profit attributable to shareholders [2][3] Group 2 - The Supervisory Board approved the special report on the management and actual use of raised funds, confirming that the use of funds complies with relevant regulations and does not harm shareholder interests [4]

证券代码：603271 证券简称：永杰新材 公告编号：2025-035 永杰新材料股份有限公司 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、准确性和完整性依法承担法律责任。 一、募集资金基本情况 （一）实际募集资金金额、资金到位情况 经中国证券监督管理委员会 《关于同意永杰新材料股份有限公司首次公开发行股票注 册的批复》（证监许可〔2024〕1626 号）同意注册，并经上海证券交易所《关于永杰新 材料股份有限公司人民币普通股股票上市的通知》 （上海证券交易所自律监管决定书〔2025〕 发行价格为 20.60 元/股，募集资金总额为人民币 101,352.00 万元，扣除不含税发行费用 人民币 8,159.87 万元，实际募集资金净额为人民币 93,192.13 万元。 上述募集资金已于 2025 年 3 月 6 日划至公司指定专项账户，天健会计师事务所（特 殊普通合伙）已对公司募集资金到位情况进行审验，并出具《验资报告》（天健验〔2025〕 已与保荐机构、存放募集资金的商业银行签署募集资金三方/四方监管协议。 （二）募集资金使用和结余情况 截至 202 ...

（文章来源：每日经济新闻） 永杰新材（SH 603271，收盘价：39.18元）8月12日晚间发布半年度业绩报告称，2025年上半年营业收 入约44.27亿元，同比增加18.61%；归属于上市公司股东的净利润约1.86亿元，同比增加13.62；基本每 股收益1.08元，同比减少2.7%。 ...

证券代码：603271 证券简称：永杰新材 公告编号：2025-035 上述募集资金已于 2025 年 3 月 6 日划至公司指定专项账户，天健会计师事务所（特 殊普通合伙）已对公司募集资金到位情况进行审验，并出具《验资报告》（天健验〔2025〕 45 号）。募集资金到账后，已全部存放于经董事会批准开设的募集资金专项账户，公司 已与保荐机构、存放募集资金的商业银行签署募集资金三方/四方监管协议。 （二）募集资金使用和结余情况 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、准确性和完整性依法承担法律责任。 一、募集资金基本情况 （一）实际募集资金金额、资金到位情况 经中国证券监督管理委员会《关于同意永杰新材料股份有限公司首次公开发行股票注 册的批复》（证监许可〔2024〕1626 号）同意注册，并经上海证券交易所《关于永杰新 材料股份有限公司人民币普通股股票上市的通知》（上海证券交易所自律监管决定书〔2025〕 59 号）同意，公司首次公开发行人民币普通股股票 4,920 万股，每股面值为人民币 1 元， 发行价格为 20.60 元/股，募集资金总额为人民 ...

永杰新材料股份有限公司 证券代码：603271 证券简称：永杰新材 公告编号：2025-033 第五届监事会第十次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 永杰新材料股份有限公司（以下简称"公司"）第五届监事会第十次会议于 2025 年 8 月 11 日以现场和通讯相结合的方式在公司会议室召开，本次会议由监事会主席 戎立波先生主持，会议应到监事 3 人，实际到会 3 人。本次会议的召集、召开和表 决程序符合《中华人民共和国公司法》等法律、法规和《公司章程》的有关规定。 二、监事会会议审议情况 （一）审议通过了《关于公司 2025 年半年度报告及其摘要的议案》。 经审核，监事会认为：公司 2025 年半年度报告全文及其摘要的编制和审议程序 符合法律、法规、公司章程和公司内部管理制度的各项规定，所包含的信息能从各 个方面真实地反映出公司当期的经营管理和财务状况等事项，报告全文及其摘要所 披露的信息真实、准确、完整，不存在任何虚假记载、误导性陈述或者重大遗漏。 具体信息详见公司刊登于上海证 ...

永杰新材料股份有限公司 第五届董事会第十二次会议决议公告 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、准确性和完整性依法承担法律责任。 证券代码：603271 证券简称：永杰新材 公告编号：2025-032 一、董事会会议召开情况 永杰新材料股份有限公司（以下简称"公司"）第五届董事会第十二次会议 于 2025 年 8 月 11 日以现场和通讯相结合的方式在公司会议室召开，会议通知于 2025 年 8 月 1 日通过通讯方式送达全体董事。本次会议由董事长沈建国召集并 主持，会议应出席董事 7 人，实际出席董事 7 人，公司监事和高级管理人员列席 了会议。本次会议的召集、召开和表决程序符合《中华人民共和国公司法》等法 律、法规和《公司章程》的有关规定。 二、董事会会议审议情况 鉴于2024年年度股东会已经授权董事会决定公司2025年中期股息派发方案， 本议案无需提交股东会审议。 表决结果：7 票同意，0 票弃权，0 票反对。 经与会董事审议，并对议案进行了投票表决，通过了以下决议： （一）审议通过了《关于公司 2025 年半年度报告及其摘要的议案》。 经 ...

证券代码：603271 证券简称：永杰新材 公告编号：2025-034 永杰新材料股份有限公司 关于2025年半年度股息派发方案的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 每股分配比例：每10股派发现金红利1.80元（含税）。 ● 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日期将 在权益分派实施公告中明确。 ● 如利润分配方案披露之日起至实施权益分派股权登记日期间，公司总股本发 生变动的，公司拟维持每股分配比例不变，相应调整分配总额，并将另行公告具体调 整情况。 一、利润分配方案内容 （一）利润分配方案的具体内容 （一）董事会会议召开、审议和表决情况 公司于2025年8月11日召开了第五届董事会第十二次会议，审议通过了《关于2025 年半年度股息派发方案的议案》，全体董事一致同意该议案，本次利润分配方案无需 提交股东会审议。 （二）监事会会议召开、审议和表决情况 公司于2025年8月11日召开了第五届监事会第十次会议，审议通过了《关于2025年 半年度股息派发方案的议案》， ...

智通财经APP讯，永杰新材(603271.SH)发布2025年半年度报告，报告期内，公司实现营业收入44.27亿 元，同比增长18.61%。实现归属于上市公司股东的净利润1.86亿元，同比增长13.62%。实现归属于上市 公司股东的扣除非经常性损益的净利润1.88亿元，同比增长15.18%。基本每股收益1.08元。 报告期内，公司营业收入较上年同期增长18.61%、归属于上市公司股东的净利润较上年同期增长 13.62%，增长主要贡献系产品结构持续优化及产销量增长带来的规模效益。经营活动产生的现金流量 净额较上年同期增长613.64%，主要系本年开具票据支付采购款比例增加所致。本报告期末归属于上市 公司股东的净资产较上年度末增长62.88%、总资产较上年末增长29.86%，主要系公司本期首发上市， 收到募集资金。 ...

人民财讯8月12日电，永杰新材（603271）8月12日晚间发布2025年半年报，上半年营业收入44.27亿 元，同比增长18.61%；归母净利润1.86亿元，同比增长13.62%。公司拟每10股派发现金红利1.8元(含 税)。业绩增长主要贡献系产品结构持续优化及产销量增长带来的规模效益。 ...

[Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) This section highlights the 2025 semi-annual dividend distribution plan, the unaudited nature of the report, and cautions investors regarding forward-looking statements - The 2025 semi-annual dividend distribution plan proposes a cash dividend of **RMB 0.18 per share** (tax inclusive) to all shareholders based on the total share capital registered on the equity distribution record date, with no bonus shares or capital reserve conversion. As of June 30, 2025, the company's total share capital is **196.72 million shares**, resulting in a total proposed cash dividend of **RMB 35.41 million** (tax inclusive)[6](index=6&type=chunk) - This half-year report is unaudited[5](index=5&type=chunk) - Forward-looking statements regarding future plans and development strategies in this report do not constitute a substantive commitment by the company to investors, and investors are advised to be aware of investment risks[7](index=7&type=chunk) [Section I Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This section defines key terms used throughout the report, including the reporting period, company entities, and its wholly-owned subsidiaries - The reporting period refers to January 1, 2025, to June 30, 2025[15](index=15&type=chunk) - Company, the Company, and Yongjie New Material all refer to Yongjie New Material Co., Ltd[14](index=14&type=chunk) - Zhejiang Nanjie Industrial Co., Ltd., Zhejiang Yongjie Aluminum Co., Ltd., Hangzhou Zhongcheng Aluminum Co., Ltd., Nanjie Resources Co., Ltd., and Ningxia Yongjie New Material Co., Ltd. are all wholly-owned subsidiaries of the company[14](index=14&type=chunk) [Section II Company Profile and Key Financial Indicators](index=5&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section presents the company's key accounting data and financial indicators for the first half of 2025, highlighting significant growth in revenue, net profit, and cash flow from operations Key Accounting Data for H1 2025 | Indicator | Current Period (Jan-Jun) | Prior Period | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 4426633401.63 | 3732093060.71 | 18.61 | | Total Profit | 189439703.65 | 160051630.57 | 18.36 | | Net Profit Attributable to Listed Company Shareholders | 185817608.50 | 163547701.14 | 13.62 | | Net Cash Flow from Operating Activities | 404668895.80 | 56704618.94 | 613.64 | Key Financial Indicators as of H1 2025 | Indicator | Period-End | Prior Year-End | Change (%) | | :--- | :--- | :--- | :--- | | Net Assets Attributable to Listed Company Shareholders | 2729754844.38 | 1675949945.40 | 62.88 | | Total Assets | 4550289678.11 | 3503907039.33 | 29.86 | - Revenue increased by **18.61%** year-on-year, and net profit attributable to shareholders of listed companies increased by **13.62%** year-on-year, primarily due to continuous product structure optimization and economies of scale from increased production and sales[23](index=23&type=chunk) - Net cash flow from operating activities increased by **613.64%** year-on-year, mainly due to an increased proportion of purchases paid by commercial bills this year[23](index=23&type=chunk) - Net assets attributable to shareholders of listed companies increased by **62.88%** and total assets increased by **29.86%** at the end of the reporting period compared to the end of the previous year, primarily due to the company's initial public offering (IPO) and receipt of raised funds during the period[23](index=23&type=chunk) [Section III Management Discussion and Analysis](index=8&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section provides a comprehensive discussion and analysis of the company's operations, industry, core competencies, and key financial performance during the reporting period [I. Industry and Main Business Overview During the Reporting Period](index=8&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E5%8F%8A%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) This section details the company's position in the aluminum plate, strip, and foil industry, including policy support, demand shifts, market competition, and its primary business model for R&D, production, and sales - The company's main business involves the R&D, production, and sales of aluminum plate, strip, and foil, primarily applied in downstream products or fields such as lithium batteries, electronic appliances, vehicle lightweighting, and new building materials[30](index=30&type=chunk) - Policies support the high-quality development of the aluminum industry, encouraging the enhancement of high-end product supply to meet demands from advanced manufacturing sectors like aerospace, new energy vehicles, and electronic information[27](index=27&type=chunk) - New energy vehicles and lithium batteries remain the most significant drivers of aluminum consumption growth, with China's new energy vehicle production increasing by **41.4%** and power battery installations by **47.3%** year-on-year in the first half of 2025. Emerging sectors like low-altitude economy, AI, and robotics are also generating new demand growth[28](index=28&type=chunk) [II. Discussion and Analysis of Operations](index=11&type=section&id=%E4%BA%8C%E3%80%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section analyzes the company's steady operational growth in the first half of 2025, driven by product structure optimization, increased production and sales, and strategic initiatives in green and intelligent manufacturing - In the first half of 2025, the company achieved main business revenue of **RMB 4.36 billion**, a year-on-year increase of **17.82%**, and net profit attributable to shareholders of listed companies of **RMB 186 million**, a year-on-year increase of **13.62%**, primarily driven by continuous product structure optimization and economies of scale from increased production and sales[34](index=34&type=chunk) - The company's product structure further optimized, with the combined revenue share from lithium battery and electronic appliance applications increasing to **80.59%**[35](index=35&type=chunk) - Sales of aluminum alloy plates and strips for lithium battery structural components increased by **65.64%** year-on-year; power battery foil sales increased by **88.11%** year-on-year; anodic oxidation material sales increased by **22.22%** year-on-year; and heat transfer material sales increased by **64.66%** year-on-year[35](index=35&type=chunk) - In 2025, new distributed photovoltaic power stations were constructed in the factory area; upon full operation, the company's total installed photovoltaic capacity will reach **20 megawatts**, with an estimated annual power generation of **20 million kWh**, further increasing the proportion of green energy usage[37](index=37&type=chunk) - The company obtained ASI Performance Standard V3 certification in July 2025 and is focusing on comprehensive digital system upgrades, utilizing technologies like AI and digital twins to enhance intelligent manufacturing capabilities[37](index=37&type=chunk) [III. Analysis of Core Competencies During the Reporting Period](index=12&type=section&id=%E4%B8%89%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) This section outlines the company's core competitive advantages, encompassing its R&D and technological leadership, strong customer base, effective management, talent pool, and comprehensive production scale and equipment systems - The company's aluminum alloy plates and strips for lithium-ion power battery structural components have been recognized as a National Manufacturing Single Champion Product, and its anodic oxidation materials have effectively achieved import substitution, gaining widespread recognition from renowned customers[38](index=38&type=chunk) - In the lithium battery sector, the company serves as a Tier 1 supplier to global leading power lithium battery manufacturers such as CATL and BYD, and collaborates with Tier 2 suppliers like KDL, Zhenyu Technology, and Everwin Precision, further strengthening its supply chain position[42](index=42&type=chunk) - In the electronic appliance sector, the company's anodic oxidation material products have entered international renowned brands including Huawei and Apple[43](index=43&type=chunk) - The company possesses both continuous casting and rolling and '1+3' hot tandem rolling complete production process systems, and was consecutively recognized as one of the 'Top Ten Chinese Aluminum Plate and Strip Enterprises' by the China Nonferrous Metals Fabrication Association in 2013 and 2019[46](index=46&type=chunk) - The company's product testing laboratory has obtained China National Accreditation Service for Conformity Assessment (CNAS) certification, and its inspection data are mutually recognized among member countries of the Asia Pacific Laboratory Accreditation Cooperation (APLAC) and the International Laboratory Accreditation Cooperation (ILAC)[46](index=46&type=chunk) [IV. Key Operating Performance During the Reporting Period](index=15&type=section&id=%E5%9B%9B%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) This section provides a detailed analysis of the company's financial statement changes for the first half of 2025, covering revenue, costs, financial expenses, cash flows, and asset-liability adjustments due to IPO proceeds and strategic investments Analysis of Changes in Financial Statement Items | Item | Current Period Amount | Prior Period Amount | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 4426633401.63 | 3732093060.71 | 18.61 | | Operating Costs | 4036979936.41 | 3387448274.91 | 19.17 | | Financial Expenses | 1354693.42 | 8296881.73 | -83.67 | | Net Cash Flow from Operating Activities | 404668895.80 | 56704618.94 | 613.64 | | Net Cash Flow from Financing Activities | 346640847.90 | 18777049.92 | 1746.09 | - The change in financial expenses was primarily due to a reduction in bank loans and a corresponding decrease in interest expenses[50](index=50&type=chunk) Assets and Liabilities (Partial) | Item Name | Current Period-End Amount | Prior Year-End Amount | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 944216659.10 | 500614275.17 | 88.61 | | Trading Financial Assets | 260000000.00 | 0 | N/A | | Short-Term Borrowings | 50014444.44 | 535093944.47 | -90.65 | | Notes Payable | 1481350000.00 | 969300000.00 | 52.83 | - Cash and cash equivalents increased by **88.61%** compared to the end of the previous year, mainly due to the company's initial public offering (IPO) and receipt of raised funds during the period[51](index=51&type=chunk) - Short-term borrowings decreased by **90.65%** compared to the end of the previous year, mainly due to the repayment of loans using raised funds and own capital[53](index=53&type=chunk) - The company made a new investment of **RMB 10 million** in Anhui Boxin Micro Semiconductor Technology Co., Ltd., holding a **3.33%** stake, aiming to accelerate its strategic layout in semiconductor applications[58](index=58&type=chunk) [V. Other Disclosures](index=22&type=section&id=V.%20Other%20Disclosures) This section discloses the company's primary risks, including raw material price volatility, changes in tax incentives, international trade frictions, downstream market demand fluctuations, and risks associated with raised fund investment projects - Raw material price fluctuation risk: The company's main raw materials constitute a high proportion of costs, and price fluctuations have a certain impact on gross profit margin and profitability[63](index=63&type=chunk) - International trade friction risk: Some countries and regions globally have implemented 'anti-dumping and countervailing duty' policies against China's aluminum plate, strip, and foil. If the scope expands, tax rates increase, or other punitive measures emerge in the future, it could negatively impact the company's existing export business profitability and overseas market development[64](index=64&type=chunk) - Downstream market demand fluctuation risk: Changes in market demand in the lithium battery sector have a significant impact on the company's operating performance. If the development of new energy vehicles and energy storage-related industries falls short of expectations, it could adversely affect the company's operating performance[64](index=64&type=chunk) - Risks of raised fund investment projects: Raised fund projects involve significant investment in fixed assets, and new depreciation will impact the company's operating performance in the initial stage. If market changes are unfavorable, it may lead to insufficient capacity absorption and product processing fees failing to meet expected values[64](index=64&type=chunk)[65](index=65&type=chunk) [Section IV Corporate Governance, Environment, and Society](index=24&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) This section covers the company's corporate governance structure, environmental information disclosure, and social responsibility initiatives during the reporting period [I. Changes in Directors, Supervisors, and Senior Management](index=24&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) This section confirms that there were no changes in the company's directors, supervisors, or senior management during the reporting period [II. Profit Distribution or Capital Reserve Conversion Plan](index=24&type=section&id=%E4%BA%8C%E3%80%81%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E6%88%96%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E9%A2%84%E6%A1%88) This section details the board-approved 2025 semi-annual dividend distribution plan, proposing a cash dividend of RMB 0.18 per share (tax inclusive) without bonus shares or capital reserve conversion Proposed Semi-Annual Profit Distribution Plan | Indicator | Value | | :--- | :--- | | Distributed/Converted | Yes | | Bonus Shares per 10 Shares (shares) | 0 | | Dividend per 10 Shares (RMB, tax incl.) | 1.80 | | Capitalized Shares per 10 Shares (shares) | 0 | - On August 11, 2025, the company's 12th meeting of the Fifth Board of Directors approved the 2025 semi-annual dividend distribution plan: a cash dividend of **RMB 0.18 per share** (tax inclusive) is proposed to all shareholders based on the total share capital registered on the equity distribution record date, with no bonus shares or capital reserve conversion. As of June 30, 2025, the company's total share capital is **196.72 million shares**, resulting in a total proposed cash dividend of **RMB 35.41 million** (tax inclusive)[68](index=68&type=chunk) [III. Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures and Their Impact](index=24&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D) This section states that the company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures in place during the reporting period [IV. Environmental Information of Listed Companies and Their Major Subsidiaries Included in the List of Enterprises Required to Disclose Environmental Information](index=24&type=section&id=%E5%9B%9B%E3%80%81%E7%BA%B3%E5%85%A5%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E4%BE%9D%E6%B3%95%E6%8A%AB%E9%9C%B2%E4%BC%81%E4%B8%9A%E5%90%8D%E5%8D%95%E7%9A%84%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E4%B8%BB%E8%A6%81%E5%AD%90%E5%85%AC%E5%8F%B8%E7%9A%84%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%83%85%E5%86%B5) This section identifies the company and its subsidiary Yongjie Aluminum as entities required to disclose environmental information, with reports accessible on the Zhejiang Provincial Department of Ecology and Environment website - The number of enterprises included in the list of environmental information disclosure is 1, namely Yongjie Aluminum, whose environmental information disclosure report can be accessed at https://mlzj.sthjt.zj.gov.cn/eps/index/enterprise-search[69](index=69&type=chunk) [V. Specifics of Consolidating Poverty Alleviation Achievements and Rural Revitalization](index=25&type=section&id=V.%20Specifics%20of%20Consolidating%20Poverty%20Alleviation%20Achievements%20and%20Rural%20Revitalization) This section confirms that the company was not involved in efforts to consolidate poverty alleviation achievements or rural revitalization during the reporting period [Section V Significant Matters](index=26&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section addresses significant corporate matters, including the fulfillment of commitments, related party transactions, guarantees, and the utilization of raised funds [I. Fulfillment of Commitments](index=26&type=section&id=%E4%B8%80%E3%80%81%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) This section confirms that the company, its controlling shareholder, actual controllers, directors, supervisors, and senior management have timely and strictly fulfilled all commitments made during or continuing into the reporting period - Controlling shareholder Yongjie Holdings and actual controllers Shen Jianguo and Wang Xushu committed not to transfer or entrust others to manage their company shares held prior to this offering for **36 months** from the date of the company's stock listing[73](index=73&type=chunk)[75](index=75&type=chunk) - The company's controlling shareholder and actual controllers committed to avoid horizontal competition and to prioritize offering any business opportunities obtained from third parties that constitute or may constitute substantial competition with the company's business to the company[84](index=84&type=chunk) - The company, its controlling shareholder, actual controllers, directors (excluding independent directors), and senior management all committed to take specific measures, such as increasing holdings, to stabilize stock prices when the preconditions for initiating stock price stabilization measures are met[86](index=86&type=chunk)[87](index=87&type=chunk)[88](index=88&type=chunk) - Controlling shareholder Yongjie Holdings and actual controllers Shen Jianguo and Wang Xushu committed that if the company's net profit declines by more than **50%** in the year of listing, the second year, or the third year, the lock-up period for their shares held at that time will be extended by **12 months or 6 months**[104](index=104&type=chunk) - The company, its controlling shareholder, actual controllers, all directors, supervisors, and senior management committed that the prospectus and other information disclosure materials contain no false records, misleading statements, or material omissions, and they will bear corresponding legal liabilities[105](index=105&type=chunk)[107](index=107&type=chunk)[108](index=108&type=chunk) [II. Non-Operating Fund Occupation by Controlling Shareholder and Other Related Parties During the Reporting Period](index=39&type=section&id=II.%20Non-Operating%20Fund%20Occupation%20by%20Controlling%20Shareholder%20and%20Other%20Related%20Parties%20During%20the%20Reporting%20Period) This section confirms that there was no non-operating occupation of funds by the controlling shareholder or other related parties during the reporting period - During the reporting period, there was no non-operating occupation of funds by the controlling shareholder or other related parties of the company[8](index=8&type=chunk) [III. Irregular Guarantees](index=39&type=section&id=III.%20Irregular%20Guarantees) This section confirms that the company did not provide any external guarantees in violation of decision-making procedures during the reporting period - During the reporting period, the company did not provide external guarantees in violation of prescribed decision-making procedures[9](index=9&type=chunk) [IV. Half-Year Report Audit Status](index=40&type=section&id=IV.%20Half-Year%20Report%20Audit%20Status) This section states that the half-year report was not audited - This half-year report is unaudited[5](index=5&type=chunk) [V. Changes and Handling of Matters Related to Non-Standard Audit Opinions in the Previous Annual Report](index=40&type=section&id=V.%20Changes%20and%20Handling%20of%20Matters%20Related%20to%20Non-Standard%20Audit%20Opinions%20in%20the%20Previous%20Annual%20Report) This section confirms that the company's previous annual report did not contain matters related to non-standard audit opinions [VI. Bankruptcy and Reorganization Matters](index=40&type=section&id=VI.%20Bankruptcy%20and%20Reorganization%20Matters) This section confirms that the company had no bankruptcy or reorganization matters during the reporting period [VII. Significant Litigation and Arbitration Matters](index=40&type=section&id=VII.%20Significant%20Litigation%20and%20Arbitration%20Matters) This section confirms that the company had no significant litigation or arbitration matters during the reporting period - During the reporting period, the company had no significant litigation or arbitration matters[116](index=116&type=chunk) [VIII. Alleged Violations, Penalties, and Rectification of the Listed Company, Its Directors, Supervisors, Senior Management, Controlling Shareholder, and Actual Controller](index=40&type=section&id=VIII.%20Alleged%20Violations,%20Penalties,%20and%20Rectification%20of%20the%20Listed%20Company,%20Its%20Directors,%20Supervisors,%20Senior%20Management,%20Controlling%20Shareholder,%20and%20Actual%20Controller) This section confirms that the company, its directors, supervisors, senior management, controlling shareholder, and actual controller were not involved in any alleged violations, penalties, or rectification situations during the reporting period [IX. Explanation of the Integrity Status of the Company, Its Controlling Shareholder, and Actual Controller During the Reporting Period](index=40&type=section&id=IX.%20Explanation%20of%20the%20Integrity%20Status%20of%20the%20Company,%20Its%20Controlling%20Shareholder,%20and%20Actual%20Controller%20During%20the%20Reporting%20Period) This section confirms the good integrity status of the company, its controlling shareholder, and actual controller, with no instances of dishonesty or overdue significant debts during the reporting period - During the reporting period, the company, its controlling shareholder, and actual controllers had no instances of dishonesty, unfulfilled effective court judgments, or significant overdue debts[116](index=116&type=chunk) [X. Significant Related Party Transactions](index=40&type=section&id=X.%20Significant%20Related%20Party%20Transactions) This section confirms that the company did not engage in significant related party transactions concerning daily operations, asset/equity acquisitions or disposals, joint external investments, or related party creditor-debtor relationships during the reporting period [XI. Significant Contracts and Their Performance](index=41&type=section&id=XI.%20Significant%20Contracts%20and%20Their%20Performance) This section primarily discloses the company's significant guarantees for its subsidiaries, totaling RMB 1.12 billion, representing 41.01% of net assets, with low risk due to the subsidiaries' sound operations and board-approved credit limits Total Company Guarantees (Including Guarantees to Subsidiaries) | Indicator | Amount (RMB) | | :--- | :--- | | Total Guarantees to Subsidiaries (Current Period) | 1058250000.00 | | Total Guarantees to Subsidiaries (Period-End, B) | 1119527579.20 | | Total Guarantees (A+B) | 1119527579.20 | | Total Guarantees as % of Net Assets | 41.01 | | Debt Guarantees for Entities with D/A > 70% (D) | 39950000.00 | | Total of Above Three Guarantees (C+D+E) | 39950000.00 | - All outstanding guarantees are provided by the company to its wholly-owned subsidiaries Yongjie Aluminum and Nanjie Industrial, and by Yongjie Aluminum to Nanjie Industrial. The subsidiaries are operating well, and the company's likelihood of bearing joint and several liability for overdue payments is low[120](index=120&type=chunk) - The company applied for a bank credit line of no more than **RMB 3.5 billion** for 2025. Guarantee forms include Yongjie New Material providing guarantees to subsidiaries (no more than **RMB 2.2 billion**), subsidiaries providing guarantees to Yongjie New Material (no more than **RMB 530 million**), inter-subsidiary guarantees (no more than **RMB 100 million**), and related parties Shen Jianguo and Wang Xushu providing guarantees to Yongjie New Material and its subsidiaries (no more than **RMB 2.1 billion**)[120](index=120&type=chunk)[121](index=121&type=chunk) [XII. Progress of Raised Funds Utilization](index=43&type=section&id=XII.%20Progress%20of%20Raised%20Funds%20Utilization) This section details the utilization of net proceeds from the IPO, totaling RMB 931.92 million, with a cumulative investment progress of 55.83% by the end of the reporting period, including full completion of bank loan repayment and working capital supplementation projects Overall Utilization of Raised Funds | Indicator | Amount (RMB 10,000) | | :--- | :--- | | Total Raised Funds | 101352.00 | | Net Raised Funds (1) | 93192.13 | | Total Committed Investment of Raised Funds (2) | 208855.00 | | Cumulative Raised Funds Invested as of Period-End (4) | 52032.58 | | Cumulative Investment Progress of Raised Funds as of Period-End (%) (6)=(4)/(1) | 55.83 | - The company issued **49.20 million** A-shares to investors through an initial public offering, raising a total of **RMB 1.01 billion**. After deducting non-taxable issuance expenses of **RMB 81.60 million**, the actual net proceeds were **RMB 931.92 million**, with no over-raised funds[123](index=123&type=chunk) Detailed Utilization of Raised Fund Investment Projects | Project Name | Committed Investment of Raised Funds (1) (RMB 10,000) | Cumulative Raised Funds Invested as of Period-End (4) (RMB 10,000) | Investment Progress (%) (6)=(4)/(1) | | :--- | :--- | :--- | :--- | | 45,000-ton/year High-Precision Aluminum Plate, Strip, and Foil for Lithium Batteries Technical Transformation Project | 33000.00 | 17032.58 | 51.61 | | 100,000-ton/year High-Precision Aluminum Plate and Strip for Lithium Batteries Technical Transformation Project | 25192.13 | - | 0 | | Bank Loan Repayment Project | 22000.00 | 22000.00 | 100.00 | | Supplement Working Capital Project | 13000.00 | 13000.00 | 100.00 | - The company has used raised funds to replace self-raised funds totaling **RMB 163.26 million** that were pre-invested in raised fund projects and used to pay issuance expenses, with the replacement completed as of June 30, 2025[126](index=126&type=chunk) - The company uses temporarily idle raised funds, up to a maximum of **RMB 500 million**, for cash management, investing in highly secure, liquid, and principal-guaranteed investment products[128](index=128&type=chunk) [XIII. Explanation of Other Significant Matters](index=47&type=section&id=XIII.%20Explanation%20of%20Other%20Significant%20Matters) This section confirms that there are no other significant matters requiring special disclosure by the company during the reporting period [Section VI Share Changes and Shareholder Information](index=48&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details changes in the company's share capital due to its initial public offering and provides an overview of its shareholder structure, including major shareholders and their restricted shares [I. Share Capital Changes](index=48&type=section&id=I.%20Share%20Capital%20Changes) This section explains the company's share capital increase from 147.52 million to 196.72 million shares following its initial public offering, with corresponding changes in restricted and unrestricted circulating shares Share Capital Change Table | | Before This Change | | Change (+,-) | | After This Change | | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | | Quantity | Proportion (%) | New Shares Issued | Subtotal | Quantity | Proportion (%) | | I. Restricted Shares | 147520000 | 100.00 | 10629629 | 10629629 | 158149629 | 80.39 | | II. Unrestricted Circulating Shares | | | 38570371 | 38570371 | 38570371 | 19.61 | | III. Total Shares | 147520000 | 100.00 | 49200000 | 49200000 | 196720000 | 100.00 | - Approved by the China Securities Regulatory Commission's (CSRC) 'Approval on the Registration of Initial Public Offering of Shares by Yongjie New Material Co., Ltd.' (CSRC License [2024] No. 1626), the company initially offered **49.20 million** common shares to the public and listed on the Shanghai Stock Exchange Main Board on March 11, 2025. Following this offering, the company's total share capital increased from **147.52 million shares** to **196.72 million shares**[133](index=133&type=chunk) [II. Shareholder Information](index=49&type=section&id=II.%20Shareholder%20Information) This section provides an overview of the company's shareholder base, including the total number of common shareholders and the top ten shareholders' holdings, with a focus on restricted shares and strategic investor lock-up periods - As of the end of the reporting period, the total number of common shareholders was **27,963**[135](index=135&type=chunk) Top Ten Shareholders' Holdings as of the End of the Reporting Period | Shareholder Name | Period-End Shareholding | Proportion (%) | Restricted Shares Held | | :--- | :--- | :--- | :--- | | Zhejiang Yongjie Holdings Co., Ltd. | 70605389 | 35.89 | 70605389 | | Shen Jianguo | 30259457 | 15.38 | 30259457 | | Qianhai Ark Asset Management Co., Ltd. - Qianhai Equity Investment Fund (Limited Partnership) | 9600000 | 4.88 | 9600000 | | Dongxing Securities - Bank of Ningbo - Dongxing Securities Yongjie New Material Employee Participation in SSE Strategic Placement Collective Asset Management Plan | 3346941 | 1.70 | 3346941 | | China Insurance Investment Co., Ltd. - China Insurance Investment Fund (Limited Partnership) | 2677551 | 1.36 | 2677551 | - The lock-up period for shares allocated to strategic investors in this offering is **12 months** from the date of Yongjie New Material's initial public offering and listing[141](index=141&type=chunk) [III. Directors, Supervisors, and Senior Management](index=52&type=section&id=III.%20Directors,%20Supervisors,%20and%20Senior%20Management) This section confirms that there were no changes in the shareholdings of the company's current or former directors, supervisors, and senior management, nor were any equity incentives granted during the reporting period [IV. Changes in Controlling Shareholder or Actual Controller](index=52&type=section&id=IV.%20Changes%20in%20Controlling%20Shareholder%20or%20Actual%20Controller) This section confirms that there were no changes in the company's controlling shareholder or actual controller during the reporting period [Section VII Bond-Related Information](index=53&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section confirms that the company has no corporate bonds, enterprise bonds, non-financial enterprise debt financing instruments, or convertible corporate bonds during the reporting period [I. Corporate Bonds (Including Enterprise Bonds) and Non-Financial Enterprise Debt Financing Instruments](index=53&type=section&id=I.%20Corporate%20Bonds%20(Including%20Enterprise%20Bonds)%20and%20Non-Financial%20Enterprise%20Debt%20Financing%20Instruments) This section confirms that the company has no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments during the reporting period - The company has no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments[144](index=144&type=chunk) [II. Convertible Corporate Bonds](index=53&type=section&id=II.%20Convertible%20Corporate%20Bonds) This section confirms that the company has no convertible corporate bonds during the reporting period - The company has no convertible corporate bonds[144](index=144&type=chunk) [Section VIII Financial Report](index=53&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the company's unaudited financial statements for the first half of 2025, including balance sheets, income statements, cash flow statements, and statements of changes in owners' equity [I. Audit Report](index=53&type=section&id=I.%20Audit%20Report) This section states that the half-year financial report was not audited - This half-year report is unaudited[5](index=5&type=chunk) [II. Financial Statements](index=53&type=section&id=II.%20Financial%20Statements) This section presents the company's consolidated and parent company financial statements as of June 30, 2025, and for the six months then ended, approved by the board of directors - These financial statements were approved for external release by the company's 12th meeting of the Fifth Board of Directors on August 11, 2025[175](index=175&type=chunk) - The financial statements include the consolidated balance sheet, parent company balance sheet, consolidated income statement, parent company income statement, consolidated cash flow statement, parent company cash flow statement, consolidated statement of changes in owners' equity, and parent company statement of changes in owners' equity[145](index=145&type=chunk)[148](index=148&type=chunk)[152](index=152&type=chunk)[156](index=156&type=chunk)[159](index=159&type=chunk)[162](index=162&type=chunk)[165](index=165&type=chunk)[170](index=170&type=chunk) [III. Company Profile](index=72&type=section&id=III.%20Company%20Profile) This section provides an overview of Yongjie New Material Co., Ltd., including its listing date, registered capital, total share capital, and primary business in the aluminum rolling and processing industry - Yongjie New Material Co., Ltd. was listed on the Shanghai Stock Exchange on March 11, 2025[174](index=174&type=chunk) - The company's registered capital is **RMB 196.72 million**, with a total share capital of **196.72 million shares**, comprising **158.15 million restricted shares** and **38.57 million unrestricted circulating shares**[174](index=174&type=chunk) - The company belongs to the aluminum rolling and processing industry. Its main business activities are the R&D, production, and sales of aluminum plates, strips, and foils[175](index=175&type=chunk) [IV. Basis of Financial Statement Preparation](index=72&type=section&id=IV.%20Basis%20of%20Financial%20Statement%20Preparation) This section states that the company's financial statements are prepared on a going concern basis, with no significant doubts about its ability to continue operations for the next 12 months - The company's financial statements are prepared on a going concern basis[176](index=176&type=chunk) - There are no matters or circumstances that would cause significant doubt about the company's ability to continue as a going concern for the 12 months from the end of the reporting period[177](index=177&type=chunk) [V. Significant Accounting Policies and Estimates](index=72&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Estimates) This section details the company's significant accounting policies and estimates, covering financial instrument impairment, inventory, fixed asset depreciation, construction in progress, intangible assets, and revenue recognition, all in compliance with enterprise accounting standards - The financial statements prepared by the company comply with the requirements of enterprise accounting standards and truly and completely reflect the company's financial position, operating results, changes in shareholders' equity, and cash flows[179](index=179&type=chunk) - The company's operating cycle is short, and 12 months is used as the liquidity classification standard for assets and liabilities[181](index=181&type=chunk) - Financial assets are classified at initial recognition into three categories: measured at amortized cost, measured at fair value through other comprehensive income, and measured at fair value through profit or loss[190](index=190&type=chunk) - The company performs impairment testing and recognizes loss provisions for financial assets measured at amortized cost, debt instrument investments measured at fair value through other comprehensive income, and contract assets, based on expected credit losses[198](index=198&type=chunk) - The company's sales of aluminum plate, strip, and foil are performance obligations satisfied at a point in time. Domestic sales revenue is recognized when the company delivers products to the contractually agreed delivery location, the customer confirms acceptance, payment has been received or the right to receive payment has been obtained, and related economic benefits are likely to flow in. Export sales revenue is recognized when the corresponding conditions are met under CIF, FOB, or EXW terms[246](index=246&type=chunk) [VI. Taxation](index=95&type=section&id=VI.%20Taxation) This section outlines the company's main tax categories and rates, including VAT, property tax, urban maintenance and construction tax, education surcharges, and corporate income tax, along with applicable tax incentives for high-tech and advanced manufacturing enterprises Main Tax Categories and Rates | Tax Type | Tax Rate | | :--- | :--- | | VAT | 13%，5% | | Property Tax | 1.2%，12% | | Urban Maintenance and Construction Tax | 7% | | Education Surcharge | 3% | | Local Education Surcharge | 2% | Income Tax Rates of Taxable Entities | Taxable Entity Name | Income Tax Rate (%) | | :--- | :--- | | The Company | 15% | | Yongjie Aluminum | 15% | | Nanjie Resources | 16.5% | | Zhongcheng Aluminum | 20% | | Nanjie Industrial | 25% | | Ningxia Yongjie | 15% | - The company was recognized as a high-tech enterprise (2023-2025), and its corporate income tax rate for January-June 2025 is **15%**[260](index=260&type=chunk) - The company and its subsidiary Yongjie Aluminum are eligible for the advanced manufacturing enterprise VAT super deduction policy for January-June 2025, allowing an additional **5%** deduction from current deductible input VAT to reduce payable VAT[261](index=261&type=chunk) [VII. Notes to Consolidated Financial Statement Items](index=96&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section provides detailed notes to the consolidated financial statement items, explaining significant changes in cash, financial assets, borrowings, equity, and capital reserves, primarily driven by IPO proceeds and debt repayment - Cash and cash equivalents balance at period-end was **RMB 944.22 million**, compared to **RMB 500.61 million** at period-start, with the increase primarily due to the company's initial public offering (IPO) and receipt of raised funds during the period[264](index=264&type=chunk)[51](index=51&type=chunk) - Trading financial assets balance at period-end was **RMB 260 million**, primarily due to the company using temporarily idle raised funds for cash management[265](index=265&type=chunk)[53](index=53&type=chunk) - Short-term borrowings balance at period-end was **RMB 50.01 million**, compared to **RMB 535.09 million** at period-start, with the decrease primarily due to the repayment of loans using raised funds and own capital[341](index=341&type=chunk)[53](index=53&type=chunk) - Share capital balance at period-end was **RMB 196.72 million**, compared to **RMB 147.52 million** at period-start, with the increase due to the company's initial public offering of **49.20 million shares**[368](index=368&type=chunk) - Capital reserve balance at period-end was **RMB 1.40 billion**, compared to **RMB 516.47 million** at period-start, with the increase primarily due to share premium from the initial public offering[375](index=375&type=chunk)[369](index=369&type=chunk) [VIII. Research and Development Expenses](index=146&type=section&id=VIII.%20Research%20and%20Development%20Expenses) This section details the company's research and development expenses for the first half of 2025, totaling RMB 150.51 million, all of which were expensed and primarily comprised of direct inputs, employee compensation, and depreciation R&D Expenses by Nature of Expense | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Direct Input | 133094089.98 | 122250964.32 | | Employee Compensation | 15216779.48 | 14023545.57 | | Depreciation | 1571630.17 | 1445040.27 | | Other Expenses | 630888.65 | 522777.14 | | Total | 150513388.28 | 138242327.30 | | Of which: Expensed R&D | 150513388.28 | 138242327.30 | | Capitalized R&D | | | - All R&D expenses for the current period were expensed, with no capitalized R&D expenses[384](index=384&type=chunk) [IX. Changes in Consolidation Scope](index=147&type=section&id=IX.%20Changes%20in%20Consolidation%20Scope) This section confirms that there were no changes in the company's consolidation scope during the reporting period, including no business combinations or disposals of subsidiaries - There were no changes in the scope of consolidation during the current period due to non-common control business combinations, common control business combinations, reverse acquisitions, or disposal of subsidiaries[419](index=419&type=chunk) [X. Interests in Other Entities](index=147&type=section&id=X.%20Interests%20in%20Other%20Entities) This section lists the company's wholly-owned subsidiaries, including Yongjie Aluminum, Zhongcheng Aluminum, Nanjie Industrial, Nanjie Resources, and Ningxia Yongjie, detailing their registration, business nature, and 100% ownership Composition of Enterprise Group | Subsidiary Name | Registered Place | Business Nature | Shareholding (%) | | :--- | :--- | :--- | :--- | | Yongjie Aluminum | Zhejiang Hangzhou | Manufacturing | 100.00 | | Zhongcheng Aluminum | Zhejiang Hangzhou | Trading | 100.00 | | Nanjie Industrial | Zhejiang Hangzhou | Trading | 100.00 | | Nanjie Resources | Hong Kong, China | Trading | 100.00 | | Ningxia Yongjie | Ningxia Wuzhong | Manufacturing | 100.00 | [XI. Government Grants](index=149&type=section&id=XI.%20Government%20Grants) This section discloses the government grants received by the company during the reporting period, including asset-related deferred income recognized as other income and other income-related grants, totaling RMB 3.25 million recognized in current profit or loss Liability Items Involving Government Grants | Financial Statement Item | Beginning Balance | New Grants (Current Period) | Transferred to Other Income (Current Period) | Ending Balance | Asset/Income Related | | :--- | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 20359969.00 | | 1532202.00 | 18827767.00 | Asset Related | Government Grants Recognized in Current Profit or Loss | Type | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Asset Related | 1532202.00 | 1515231.02 | | Income Related | 1717460.00 | 1666950.00 | | Total | 3249662.00 | 3182181.02 | [XII. Risks Related to Financial Instruments](index=149&type=section&id=XII.%20Risks%20Related%20to%20Financial%20Instruments) The company manages financial instrument risks by balancing risk and return, focusing on credit, liquidity, and market risks (interest rate and foreign exchange risks), controlled through high-rated financial institutions, credit assessments, diversified financing, and monitoring market fluctuations. During the reporting period, the company derecognized RMB 3.64 billion in financial assets through bill discounting and endorsement - The company's risk management objective is to balance risk and return, minimizing the negative impact of risks on its operating performance and maximizing the interests of shareholders and other equity investors[424](index=424&type=chunk) - The company's credit risk primarily arises from cash and cash equivalents and accounts receivable, controlled by depositing bank funds in financial institutions with higher credit ratings and regularly assessing customer credit[427](index=427&type=chunk) - The company employs a combination of financing methods, including bill settlement and bank borrowings, and appropriately combines long-term and short-term financing to optimize its financing structure, maintaining a balance between financing continuity and flexibility to control liquidity risk[428](index=428&type=chunk) Financial Liabilities by Remaining Maturity (Period-End) | Item | Carrying Amount | Undiscounted Contractual Amount | Within 1 Year | 1-3 Years | Over 3 Years | | :--- | :--- | :--- | :--- | :--- | :--- | | Bank Borrowings | 119731943.60 | 122103769.93 | 82279736.59 | 39824033.34 | | | Notes Payable | 1481350000.00 | 1481350000.00 | 1481350000.00 | | | | Accounts Payable | 110541804.01 | 110541804.01 | 110541804.01 | | | - The total amount of financial assets derecognized due to bill discounting and endorsement in the current period was **RMB 3.64 billion**[434](index=434&type=chunk) [XIII. Disclosure of Fair Value](index=153&type=section&id=XIII.%20Disclosure%20of%20Fair%20Value) This section discloses the fair value of the company's assets and liabilities measured at fair value, categorized by level, including trading financial assets, receivables financing, other non-current financial assets, and derivative financial liabilities, with explanations of valuation techniques Fair Value of Assets and Liabilities Measured at Fair Value at Period-End | Item | Level 1 Fair Value Measurement | Level 2 Fair Value Measurement | Level 3 Fair Value Measurement | Total | | :--- | :--- | :--- | :--- | :--- | | I. Recurring Fair Value Measurements | | | | | | (I) Trading Financial Assets | | 260000000.00 | | 260000000.00 | | (VI) Receivables Financing | | | 189320796.18 | 189320796.18 | | (VII) Other Non-Current Financial Assets | | | 10000000.00 | 10000000.00 | | Total Recurring Fair Value Measured Assets | | 260000000.00 | 199320796.18 | 459320796.18 | | (VI) Trading Financial Liabilities | 2932166.86 | | | 2932166.86 | - The company's Level 2 fair value measured derivative financial liabilities are derivative instruments separately accounted for from deferred pricing clauses unbundled from certain aluminum ingot and slab purchase contracts. Their fair value is determined by the difference between the linked underlying (futures contracts, aluminum ingot spot prices, etc.) price at the balance sheet date and the aluminum ingot price at the time of transfer of control of aluminum ingots and slabs[440](index=440&type=chunk) - The company's Level 3 fair value measured bank wealth management products have short maturities, with fair value close to their carrying amount; receivables financing consists of bank acceptance bills with low credit risk and short remaining maturities, whose fair value is determined by their face value[441](index=441&type=chunk) [XIV. Related Parties and Related Party Transactions](index=155&type=section&id=XIV.%20Related%20Parties%20and%20Related%20Party%20Transactions) This section identifies the company's related parties, including its parent company and ultimate controllers, and details significant related party transactions, primarily guarantees provided by the ultimate controllers and other related parties, along with key management compensation - The ultimate controlling parties of the enterprise are Mr. Shen Jianguo and Ms. Wang Xushu[444](index=444&type=chunk) - Zhejiang Yongjie Holdings Co., Ltd. is the company's parent company, with a shareholding ratio of **35.89%**[444](index=444&type=chunk) The Company as a Guaranteed Party (Related Party Guarantees) | Guarantor | Guaranteed Amount | Guarantee Start Date | Guarantee End Date | | :--- | :--- | :--- | :--- | | Shen Jianguo, Wang Xushu | 29700000.00 | 2024-6-24 | 2026-6-23 | | Jinneng Silicon, Shen Jianguo, Wang Xushu | 1327579.20 | 2024-1-30 | 2025-8-31 | - Key management personnel compensation for the current period amounted to **RMB 1.64 million**[450](index=450&type=chunk) [XV. Share-Based Payments](index=158&type=section&id=XV.%20Share-Based%20Payments) This section confirms that the company had no share-based payment plans or related expenses during the reporting period - There were no share-based payment expenses in the current period[452](index=452&type=chunk) [XVI. Commitments and Contingencies](index=159&type=section&id=XVI.%20Commitments%20and%20Contingencies) This section confirms that as of the balance sheet date, the company had no significant commitments or contingencies requiring disclosure - There were no significant contingencies at the balance sheet date[452](index=452&type=chunk) - The company has no significant contingencies requiring disclosure[452](index=452&type=chunk) [XVII. Events After the Balance Sheet Date](index=159&type=section&id=XVII.%20Events%20After%20the%20Balance%20Sheet%20Date) This section discloses the post-balance sheet date profit distribution, where the board approved a semi-annual cash dividend of RMB 1.80 per 10 shares (tax inclusive), totaling RMB 35.41 million - According to the 2025 semi-annual dividend distribution plan approved by the 12th meeting of the Fifth Board of Directors on August 11, 2025, a cash dividend of **RMB 1.80 per 10 shares** (tax inclusive) is proposed to all shareholders based on the total share capital registered on the equity distribution record date, totaling **RMB 35.41 million**[453](index=453&type=chunk) [XVIII. Other Significant Matters](index=160&type=section&id=XVIII.%20Other%20Significant%20Matters) This section confirms the absence of prior period accounting error corrections, significant debt restructurings, asset exchanges, annuity plans, or discontinued operations, and states that segment information is not disclosed as the company's main business is managed as a single entity - The company's main business is the production and sales of aluminum plate, strip, and foil products. This business is managed and evaluated as a whole, thus the company is not required to disclose segment information[455](index=455&type=chunk) [XIX. Notes to Key Items in Parent Company Financial Statements](index=161&type=section&id=XIX.%20Notes%20to%20Key%20Items%20in%20Parent%20Company%20Financial%20Statements) This section provides detailed notes to the parent company's key financial statement items, including accounts receivable, other receivables, long-term equity investments in subsidiaries, revenue and cost breakdowns, and investment income, primarily from main business operations and financial asset transactions Parent Company Accounts Receivable by Aging | Aging | Period-End Carrying Balance | | :--- | :--- | | Within 1 Year | 364628955.49 | Parent Company Long-Term Equity Investments (Investments in Subsidiaries) | Investee | Period-End Balance (Carrying Amount) | | :--- | :--- | | Yongjie Aluminum | 687722482.91 | | Nanjie Industrial | 18755764.29 | | Zhongcheng Aluminum | 7786098.35 | | Nanjie Resources | 615030.00 | | Ningxia Yongjie | 500000.00 | Parent Company Operating Revenue and Operating Costs | Item | Current Period Amount (Revenue) | Current Period Amount (Cost) | | :--- | :--- | :--- | | Main Business | 968391857.47 | 880027735.61 | | Other Business | 135787106.97 | 124136233.28 | | Total | 1104178964.44 | 1004163968.89 | Parent Company Investment Income | Item | Current Period Amount | | :--- | :--- | | Investment Income from Disposal of Trading Financial Assets | 773260.28 | | Discount Loss on Receivables Financing | -1244063.52 | | Investment Income from Disposal of Derivative Instruments | -638537.65 | | Total | -1109340.89 | [XX. Supplementary Information](index=170&type=section&id=XX.%20Supplementary%20Information) This section provides supplementary financial information, including a detailed statement of non-recurring gains and losses totaling -RMB 2.29 million, and key profitability metrics such as a weighted average return on net assets of 8.31% and basic earnings per share of RMB 1.08 Statement of Non-Recurring Gains and Losses for the Current Period | Item | Amount | | :--- | :--- | | Losses/Gains on Disposal of Non-Current Assets, Including Reversal of Impairment Provisions | -308730.41 | | Government Grants Recognized in Current Profit or Loss (Excluding those closely related to normal operations, compliant with national policies, enjoyed by fixed standards, and with continuous impact on profit/loss) | 1717460.00 | | Fair Value Changes and Disposal Gains/Losses from Financial Assets and Liabilities Held by Non-Financial Enterprises (Excluding effective hedge accounting related to normal operations) | -4078337.98 | | Other Non-Operating Income and Expenses Apart from the Above | -125724.70 | | Less: Income Tax Impact | -504471.87 | | Total | -2290861.22 | Return on Net Assets and Earnings Per Share | Profit for the Period | Weighted Average ROE (%) | Basic EPS | Diluted EPS | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Common Shareholders | 8.31 | 1.08 | 1.08 | | Net Profit Attributable to Common Shareholders After Non-Recurring Items | 8.42 | 1.09 | 1.09 | - There are no differences in accounting data under domestic and international accounting standards[486](index=486&type=chunk)