江苏苏盐井神股份有限公司 二 O 二五年第二次临时股东会 会 议 资 料 股票代码：603299 江苏苏盐井神股份有限公司 2025年8月25日 江苏苏盐井神股份有限公司 2025 年第二次临时股东会会议资料 江苏苏盐井神股份有限公司 2025 年第二次临时股东会参会须知 为维护投资者的合法权益，保障股东在公司 2025 年第二次临时股东会期间依法 行使权利，确保股东会的正常秩序和议事效率，根据《中华人民共和国公司法》《公司 章程》《股东会议事规则》的有关规定，特制定本须知： 一、请按照本次股东会会议通知（2025 年 8 月 9 日刊登于上海证券交易所网站 www.sse.com.cn）中公布的时间和登记方法办理参加会议手续，证明文件不齐或手 续不全的，谢绝参会。 二、公司设立股东会办事处，具体负责会议有关各项事宜。 三、股东参加股东会依法享有发言权、质询权、表决权等权利，同时也应履行法 定义务，自觉维护会场秩序，尊重其他股东的合法权益。进入会场后，请关闭手机或 调至静音状态。 四、会议审议阶段，要求发言的股东应向股东会办事处申请，股东提问的内容应 围绕股东会的主要议案，经股东会主持人许可后方可发言，每位股 ...

证券时报•数据宝统计，截至发稿，苏盐井神收盘价为10.98元，上涨1.48%，筹码持续集中以来股价累 计上涨18.26%。具体到各交易日，19次上涨，15次下跌。 融资融券数据显示，该股最新（8月11日）两融余额为1.53亿元，其中，融资余额为1.52亿元，股东户数 连降以来融资余额合计减少0.26亿元，降幅为14.51%。（数据宝） （原标题：苏盐井神筹码持续集中 最新股东户数下降1.46%） 苏盐井神8月12日披露，截至8月10日公司股东户数为27905户，较上期（7月31日）减少414户，环比降 幅为1.46%。这已是该公司股东户数连续第5期下降，累计降幅达13.80%，也就是说筹码呈持续集中趋 势。 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 ...

Meeting Information - The second extraordinary general meeting of shareholders for 2025 will be held on August 25, 2025, at 14:00 [1] - The meeting will be convened by the board of directors [1] - Voting will be conducted through a combination of on-site and online voting [1] Voting Details - The online voting system used will be the Shanghai Stock Exchange shareholder meeting online voting system [3] - Voting will be available on August 25, 2025, during specific trading hours: 9:15-9:25, 9:30-11:30, and 13:00-15:00 [3] - Shareholders can vote via the trading system or the internet voting platform [8] Meeting Agenda - The meeting will review nine special resolution proposals [8] - Related shareholders, specifically Jiangsu Salt Industry Group Co., Ltd., are required to abstain from voting on certain proposals [8] Attendance and Registration - Shareholders registered with the China Securities Depository and Clearing Corporation Limited are entitled to attend the meeting [12] - Registration for the meeting will take place on August 20, 2025, from 9:00 to 16:00 [15] - Attendees must bring relevant identification documents for registration [17] Additional Information - The meeting is expected to last half a day, and attendees will bear their own travel and accommodation costs [16] - Contact information for the company’s legal department is provided for further inquiries [18]

Meeting Information - The second extraordinary general meeting of shareholders for 2025 is scheduled for August 25, 2025, at 14:00 [1] - The meeting will be held at the company's conference room located at 18 Haitang Avenue, Huai'an District, Jiangsu Province [1] - Voting will be conducted through a combination of on-site and online methods using the Shanghai Stock Exchange's voting system [1][2] Voting Procedures - Shareholders can vote via the Shanghai Stock Exchange's online voting system from 9:15 to 15:00 on the day of the meeting [1][2] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [3] - The first voting result will be considered valid if the same voting right is exercised multiple times [3] Attendance and Registration - Shareholders registered by the close of business on August 19, 2025, are eligible to attend the meeting [4] - Registration for the meeting will take place on August 20, 2025, from 9:00 to 16:00 at the company's legal department [4] - Attendees must present relevant identification documents for registration [4] Agenda and Proposals - The meeting will review several proposals, including feasibility reports and related party transactions [2][6] - Specific proposals include the analysis report on the use of funds and measures for return and compensation [2][6] - The company has disclosed the meeting agenda on April 29, 2025, through various media outlets [2] Contact Information - For inquiries, shareholders can contact the company's legal department at 0517-87036988 or via email at jsgfzqb@126.com [5]

证券代码：603299 证券简称：苏盐井神 公告编号：2025-038 江苏苏盐井神股份有限公司 关于召开2025年第二次临时股东会的通知 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： 股东会召开日期：2025 年 8 月 25 日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 一、 召开会议的基本情况 (一)股东会类型和届次 2025年第二次临时股东会 (二)股东会召集人：董事会 召开的日期时间：2025 年 8 月 25 日 14 点 00 分 召开地点：江苏省淮安市淮安区海棠大道 18 号苏盐井神公司会议室。 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 8 月 25 日 至2025 年 8 月 25 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间为股东会召 ...

公司发布的一季报数据显示，一季度公司共实现营业收入12.68亿元，同比下降8.68%，实现净利润1.62 亿元，同比下降28.80%，基本每股收益为0.2066元，加权平均净资产收益率2.63%。 （文章来源：证券时报网） 苏盐井神8月1日披露，截至7月31日公司股东户数为28319户，较上期（7月20日）减少2009户，环比降 幅为6.62%。这已是该公司股东户数连续第4期下降。 证券时报·数据宝统计，截至发稿，苏盐井神收盘价为10.67元，上涨1.81%，本期筹码集中以来股价累 计上涨9.32%。具体到各交易日，5次上涨，5次下跌。 ...

Core Viewpoint - Su Yan Jingshen is a leading player in the East China salt industry, controlled by the Jiangsu Provincial State-owned Assets Supervision and Administration Commission, with a core business in salt and salt chemical products, entering a construction phase for comprehensive utilization of salt caverns [1] Group 1: Business Overview - The company's main salt products include table salt and industrial salt, while its salt chemical products primarily consist of soda ash, contributing to 85% of revenue gross profit [1] - The company has maintained stable product pricing over the past three years and has benefited from declining coal prices [1] Group 2: Growth Opportunities - The comprehensive utilization of salt caverns includes natural gas storage, compressed air energy storage, and storage of small molecular gases, all of which have positive development prospects under the backdrop of energy security and carbon neutrality [1] - The natural gas storage business is entering the construction phase, with a dual-driven model of "salt + energy storage" expected to contribute significantly to performance over the next five years [1] Group 3: Technological Advancements - The company has developed an innovative underground cyclic soda production technology, which upgrades the ammonia-soda process, efficiently utilizing sodium chloride and calcium chloride while ensuring environmental protection [1] - The filling of alkali residue not only achieves eco-friendly disposal but also effectively mitigates geological safety risks associated with underground salt caverns, showcasing a green development advantage in salt, soda, and calcium integration [1] Group 4: Market Position and Future Outlook - The company's traditional business has a cost advantage, and the comprehensive utilization methods such as gas storage open a second growth curve, transitioning from cyclical industrial sectors to public utility operations [1] - There is significant room for sustained growth, with a high ceiling expected to bring both performance and valuation increases to the company [1] - The report initiates coverage with a "buy" rating [1]

Core Viewpoint - Huayuan Securities issued a report on July 31, giving a "buy" rating to Su Yan Jingshen (603299.SH, latest price: 10.48 yuan) based on several positive factors related to the company's performance and market position [2] Group 1: Company Strengths - The company is a leading player in the salt industry, focusing on "salt + energy storage," characterized by low debt and high cash flow, resulting in stable profitability [2] - The integrated development of salt, alkali, and calcium products allows for stable pricing and potential growth in salt product sales [2] - Jiangsu province has the highest natural gas demand in the country, with strong seasonal peak-shaving storage needs [2] Group 2: Growth Opportunities - The rapid development of salt cavern gas storage business is expected to lead to increased storage capacity, positioning the company for a sustained growth phase [2] - The company is advancing projects in compressed air energy storage and small molecule gas storage, continuously exploring the utilization of salt cavern resources [2]

Group 1: Utilities - Recommended stock: Su Yan Jing Shen (603299.SH) due to its stable cash flow from traditional salt and salt chemical businesses, and the potential growth from gas storage projects [3][4] - The company is expected to enter a performance release period with the first phase of the gas storage project nearing production [4] Group 2: Pharmaceuticals - Recommended stock: Ang Li Kang (002940.SZ) as the impact of centralized procurement is gradually clearing, and new products are expected to drive revenue growth [4] - The introduction of ALK-N001, a promising anti-tumor candidate, is anticipated to enhance the company's innovation capabilities [4] Group 3: Media - Recommended stock: Alibaba-W (09988.HK) with a focus on the stabilization of traditional e-commerce and the potential for growth in the instant retail sector [5] - Alibaba Cloud's leading position in the domestic market and continuous revenue growth are highlighted [5] Group 4: Electronics - Recommended stock: Zhong Wei Company (688012.SH) due to its robust order backlog and continuous revenue growth driven by new product launches [6] Group 5: Non-Banking Financials - Recommended stock: China Life (601628.SH) for its excellent asset-liability matching and early transformation in dividend insurance sales [8] - The company is expected to release significant solvency capacity following asset reclassification [8] Group 6: Automotive - Recommended stock: Li Auto (02015.HK) as the company is positioned to leverage its strategic foresight and adaptability in the evolving automotive landscape [9] - The i-series is expected to maintain strong sales momentum, with the first model projected to achieve over 5,000 monthly sales [9] Group 7: Transportation - Recommended stock: YTO Express (600233.SH) with a leading growth rate in business volume, benefiting from the "anti-involution" trend in the industry [10] Group 8: Agriculture - Recommended stock: De Kang Agriculture (02419.HK) as it is positioned at a pivotal point in the agricultural sector, leveraging technology and innovative models for growth [12] - The company's platform strategy is expected to extend into other agricultural segments, enhancing its market presence [12] Group 9: Metals and New Materials - Recommended stock: Luoyang Molybdenum (603993.SH) with a strong performance in the first quarter, exceeding expectations [14] Group 10: North Exchange - Recommended stock: Yuan Hang Precision (833914.BJ) as a leading player in the domestic nickel-based conductor materials sector, benefiting from stable demand across multiple industries [14][15]

Investment Rating - The investment rating for the company is "Buy" (首次) [5] Core Views - The company is a leading player in the salt chemical industry in East China, focusing on "salt + energy storage," with low debt and stable cash flow [5] - The core business includes salt and salt chemical products, contributing 85% of revenue gross profit, benefiting from stable product pricing and declining coal prices [5] - The company is actively developing salt cavern storage for natural gas and compressed air, which are expected to significantly contribute to performance in the next five years [5][6] - The company plans to increase production capacity significantly by 2030, with a projected total capacity of 12 million tons for salt and salt chemical products [5] - The company is also expanding into compressed air energy storage and small molecule gas storage projects, enhancing its growth potential [8] Summary by Sections Market Performance - The closing price as of July 31, 2025, is 10.48 yuan, with a market capitalization of 8,191.78 million yuan [3] Financial Data - The company has a total share capital of 781.66 million shares and a debt-to-asset ratio of 37.23% [3] - The net asset value per share is 7.97 yuan [3] Profit Forecast and Valuation - Revenue projections for 2023 to 2027 are 5,682 million, 5,344 million, 5,560 million, 6,728 million, and 7,727 million yuan respectively, with a growth rate of 4.03% in 2025 [7] - The net profit attributable to shareholders is forecasted to be 738 million, 769 million, 705 million, 917 million, and 1,130 million yuan from 2023 to 2027, with a significant increase expected in 2026 and 2027 [7] - The price-to-earnings ratio (P/E) is projected to decrease from 11.09 in 2023 to 7.25 in 2027, indicating potential for valuation growth [7] Business Development - The company is planning to invest up to 1.8 billion yuan in developing a brine salt project, which is expected to increase solid salt production by 3 million tons per year [5] - The company is also pursuing partnerships for compressed air energy storage and small molecule gas storage projects, indicating a strategic expansion into new business areas [8]