国元证券股份有限公司 关于中盐安徽红四方肥业股份有限公司 确认 2024 年度日常关联交易的核查意见 国元证券股份有限公司（以下简称"国元证券"、"保荐机构"）作为中盐 安徽红四方肥业股份有限公司（以下简称"红四方"、"公司"）首次公开发行 股票持续督导阶段的保荐机构，根据《证券发行上市保荐业务管理办法》《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》《上海证券交易所上市公司自律监管指引第 5 号——交易与关联交易》 等有关法律法规和规范性文件的要求，对红四方确认公司 2024 年度日常关联交 易事项进行了审慎核查，具体核查情况如下： 一、日常关联交易基本情况 （一）确认 2024 年度日常关联交易履行的审议程序 1、独立董事专门会议审议情况 2025 年 4 月 21 日，公司召开独立董事专门会议 2025 年第二次会议，审议 通过了《关于确认 2024 年度日常关联交易的议案》，并同意将本议案提交公司第 三届董事会第二十一次会议审议，独立董事专门会议表决结果：同意 3 票，反对 0 票，弃权 0 票。 2、董事会、监事会及股东会审议情况 （1）2025 年 4 ...

国元证券股份有限公司 关于中盐安徽红四方肥业股份有限公司 2024 年度持续督导工作现场检查报告 上海证券交易所： 国元证券股份有限公司（以下简称"国元证券"或"保荐机构"）作为中盐 安徽红四方肥业股份有限公司（以下简称"红四方"或"公司"）首次公开发行 股票的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所上 市公司自律监管指引第 1 号——规范运作》《上海证券交易所上市公司自律监管 指引第 11 号——持续督导》等有关法律法规和规范性文件的要求，国元证券对 红四方 2024 年 11 月至本次现场检查期间的相关情况进行了现场检查。现将检查 情况汇报如下： 一、本次现场检查的基本情况 （一）保荐机构：国元证券股份有限公司 （五）现场检查主要关注内容：公司治理、内部控制和三会运作情况；信息 披露情况；独立性以及与控股股东、实际控制人及其他关联方资金往来情况；募 集资金使用情况；关联交易、对外担保、重大对外投资情况；经营状况等。 二、对现场检查事项逐项发表的意见 （一）公司治理、内部控制和三会运作情况 检查人员查阅了《公司章程》等与公司治理相关的制度文件，查阅了检查期 内历次股东会、董事会、监事会 ...

目 录 1、 专项审计报告 关于中盐安徽红四方肥业股份有限公司 非经营性资金占用及其他关联资金往来情况 汇总表的专项审计报告 2、 附表 委托单位：中盐安徽红四方肥业股份有限公司 审计单位：容诚会计师事务所（特殊普通合伙） 联系电话：0551-63475800 RSM 容诚 非经营性资金占用及其他关联资金 往来情况专项说明 中盐安徽红四方肥业股份有限公司 容诚专字|2025|610Z0003 号 容诚会计师事务所(特殊普通合伙) 中国 · 北京 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（bttp://ac.mof.gov.cn）"进行宜 "江""扫"或进入"注册会计师行业统一监管平台（bttp://ac.mof.gov.cn）"进行宜 容诚会i (此页无正文,为中盐安徽红四方肥业股份有限公司容诚专字[2025] 610Z0003 号非经营性资金占用及其他关联资金往来情况专项说明之签字盖章页。) 关于中盐安徽红四方肥业股份有限公司 非经营性资金占用及其他关联资金往来情况专项说明 容诚专字[2025]610Z0003 号 中盐安徽红四方肥业股份有限公司全体股东: 我们接受委托,依据中国注册会计师审 ...

RSM 容 诚 非经营性资金占用及其他关联资金 往来情况专项说明 中盐安徽红四方肥业股份有限公司 容诚专字|2025|610Z0003 号 容诚会计师事务所(特殊普通合伙) 中国 ·北京 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.qov.cn）"进行查 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof..gov.cn）"进行查 。 容诚会i 非经营性资金占用及其他关联资金往来情况专项说明 容诚专字[2025]610Z0003 号 中盐安徽红四方肥业股份有限公司全体股东: 我们接受委托,依据中国注册会计师审计准则审计了中盐安徽红四方肥业股 份有限公司(以下简称红四方)2024年12月31日的合并及母公司资产负债表, 2024 年度的合并及母公司利润表、合并及母公司现金流量表和合并及母公司所有 者权益变动表以及财务报表附注,并于 2025年 4 月 24日出具了容诚审字 [2025]610Z0017 号的无保留意见审计报告。 根据中国证券监督管理委员会《上市公司监管指引第 8 号 -- 上市公司资金 往来、对外担保的监管要求》的要 ...

RSM 容诚 内部控制审计报告 中盐安徽红四方肥业股份有限公司 容诚审字[2025]610Z0016 号 容诚会计师事务所(特殊普通合伙) 中国·北京 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://zc.mof.gov.cn）" 我行 在 容诚会计 學 内部控制审计报告 容诚审字[2025]610Z001 中盐安徽红四方肥业股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我 们审计了中盐安徽红四方肥业股份有限公司(以下简称"红四方")2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部 控制评价指引》的规定,建立健全和有效实施内部控制,并评价其有效性是红四 方董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的有效性发表 审计意见,并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。此外,由于 情况的变化可能导致内部控制变 ...

中盐安徽红四方肥业股份有限公司 2024 年度独立董事述职报告 独立董事 魏朱宝 本人作为中盐安徽红四方肥业股份有限公司（以下简称"公司"）的独立董 事，根据《公司法》《证券法》及《公司章程》的规定和要求，在 2024 年度工 作中，认真履行职责，积极出席相关会议，认真审议董事会各项议案，对重大 事项发表了独立意见，努力维护公司整体利益及全体股东的合法权益。现将本 人在 2024 年度的履职情况报告如下： 一、独立董事的基本情况 （一）个人工作履历、专业背景及兼职情况 魏朱宝：1985 年 7 月至 2005 年 12 月，在铜陵学院从事教学科研工作； 2006 年 1 月至今，历任合肥大学教务处长、国际教育学院院长，系合肥大学会 计教学团队和会计特色专业负责人；2021 年 11 月至今担任公司董事；2023 年 12 月至今担任铜陵有色金属集团铜冠矿山建设股份有限公司独立董事。 （二）是否存在影响独立性的情况说明 本人作为独立董事具备独立性，不属于下列情形： 1.在上市公司或者其附属企业任职的人员及其配偶、父母、子女、主要社 会关系； 2.直接或者间接持有上市公司已发行股份 1%以上或者是上市公司前十名股 ...

Financial Performance - The net profit attributable to shareholders for 2024 is RMB 93,166,849.61, with an undistributed profit of RMB 663,108,547.82 as of December 31, 2024[6]. - The company's operating revenue for 2024 was CNY 3,485,468,401.19, a decrease of 10.62% compared to CNY 3,899,438,131.73 in 2023[26]. - The net profit attributable to shareholders of the listed company for 2024 was CNY 93,166,849.61, down 41.16% from CNY 158,350,004.29 in 2023[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 77,166,839.26, a decline of 48.64% from CNY 150,260,092.25 in 2023[26]. - The net cash flow from operating activities for 2024 was CNY 98,256,857.18, a decrease of 59.71% compared to CNY 243,861,973.53 in 2023[26]. - The company's basic earnings per share decreased by 43.40% to CNY 0.60 in 2024 compared to CNY 1.06 in 2023[27]. - Net profit attributable to shareholders decreased by 41.16% year-on-year, amounting to CNY 93,166,849.61, primarily due to a decline in nitrogen fertilizer product prices[28]. - The weighted average return on equity fell by 9.41 percentage points to 9.30% in 2024 from 18.71% in 2023[27]. - The adjusted basic earnings per share, excluding non-recurring gains and losses, decreased by 50% to CNY 0.50[27]. Dividend and Capital Structure - The company plans to distribute a cash dividend of RMB 0.15 per share, totaling RMB 30,000,000.00, which represents 32.20% of the net profit for 2024[6]. - The capital reserve will be converted into equity at a rate of 0.3 shares per share, increasing the total share capital from 200,000,000 to 260,000,000 shares[6]. - The company raised CNY 363,070,213.42 through the issuance of 50,000,000 shares, resulting in a 49.28% increase in net assets year-on-year[28]. Market and Industry Trends - The fertilizer industry is experiencing a trend of capacity concentration among leading enterprises, with many smaller firms facing operational challenges due to low production and high costs[47]. - The domestic urea market experienced significant price fluctuations, particularly since Q4 2024, with prices remaining depressed due to increased industry capacity, export policies, and market conditions[48]. - The compound fertilizer industry saw a steady decline in product prices throughout the year, influenced by raw material costs and supply-demand dynamics[48]. - The Ministry of Agriculture and Rural Affairs aims for zero growth in fertilizer usage by 2025, promoting policies to reduce total fertilizer application while enhancing efficiency[50]. - The trend towards green and low-carbon development in the fertilizer industry is expected to continue, driven by both government policies and consumer demand[132]. - The industry is moving towards product differentiation and the development of new functional fertilizers, which are increasingly recognized and utilized[133]. Research and Development - The company has completed 42 patent applications and received 8 patent grants, contributing to the development of new fertilizers such as modified polyaspartic acid compound fertilizers[40]. - The company has invested in R&D, holding 19 invention patents and collaborating with universities on projects related to nitrogen and phosphorus loss control technologies[61]. - The company is actively involved in research on soil composite conditioners and new efficiency agents, focusing on innovative fertilizer solutions[100]. - The company has established a robust R&D management system, with 102 effective patents in 2024, including 19 invention patents and 78 utility model patents[99]. Operational Efficiency - The company operates a continuous production model for urea, while adopting a sales-driven production model for compound fertilizers, adjusting production plans based on sales and inventory conditions[56]. - The company has established a procurement management system, utilizing various procurement methods such as public bidding and competitive negotiation to ensure stable supply of key raw materials like potassium chloride and urea[56]. - The company is committed to innovation and upgrading its product structure to align with national policies on fertilizer reduction and efficiency improvement[51]. - The company has implemented a salary management system that links salary levels to economic performance and labor productivity, enhancing competitiveness[184]. Governance and Compliance - The company has established a robust internal control system, with 1,296 effective regulations across 17 categories as of the reporting period end[199]. - The internal control system operated effectively without any significant deficiencies identified during the reporting period[200]. - The company has held 6 shareholder meetings and 6 board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[148][149]. - The company has implemented a performance evaluation mechanism for senior management, emphasizing accountability and the link between performance results and compensation[198]. Strategic Initiatives - The company is focusing on strategic emerging industries such as organic fertilizers and soil pollution remediation, aiming to accelerate industrial transformation and upgrade[43]. - The company aims to leverage market opportunities related to food security and rural revitalization while promoting the development of strategic emerging industries[46]. - The company plans to enhance market analysis capabilities to better align product strategies with market demands and improve brand recognition[139]. - The company is committed to enhancing safety and environmental protection measures, ensuring compliance with safety risk management protocols[46].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 918,944,729.33, representing a 20.10% increase compared to CNY 765,178,590.05 in the same period last year[4] - The net profit attributable to shareholders decreased by 1.62% to CNY 21,132,304.84 from CNY 21,480,044.99 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 11.31% to CNY 18,803,105.37 compared to CNY 21,200,789.47 in the previous year[4] - Basic earnings per share decreased by 21.43% to CNY 0.11 from CNY 0.14 year-on-year[4] - Total operating revenue for Q1 2025 reached ¥918,944,729.33, a 20.1% increase from ¥765,178,590.05 in Q1 2024[18] - Net profit for Q1 2025 was ¥24,777,256.24, representing an increase of 17.5% compared to ¥21,158,981.69 in Q1 2024[19] - The company’s total profit for Q1 2025 was ¥29,069,352.91, an increase from ¥22,876,843.97 in Q1 2024[18] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 47,031,094.46, a significant improvement from a negative cash flow of CNY -54,175,928.95 in the same period last year[4] - The net cash flow from operating activities for Q1 2025 was ¥47,031,094.46, a significant improvement from a net outflow of ¥54,175,928.95 in Q1 2024[21] - Cash and cash equivalents at the end of Q1 2025 totaled ¥528,458,360.21, compared to ¥207,674,206.14 at the end of Q1 2024[23] - The company's cash and cash equivalents increased to RMB 579,235,360.21 from RMB 459,406,948.56, reflecting a rise of about 26%[12] - The company reported a significant increase in sales cash receipts, totaling ¥1,009,793,473.31 in Q1 2025, compared to ¥692,213,145.03 in Q1 2024[21] - The company’s financing activities generated a net cash flow of ¥48,949,087.77 in Q1 2025, compared to ¥177,365,149.78 in Q1 2024[23] Assets and Liabilities - Total assets increased by 5.35% to CNY 2,536,580,493.78 from CNY 2,407,832,304.35 at the end of the previous year[5] - As of March 31, 2025, the total current assets of the company amounted to RMB 1,208,087,817.57, an increase from RMB 1,067,343,361.19 on December 31, 2024, representing a growth of approximately 13.2%[12] - Accounts receivable decreased to RMB 9,472,014.46 from RMB 14,145,639.65, indicating a decline of approximately 33.5%[12] - Inventory decreased to RMB 390,666,841.69 from RMB 458,287,872.50, showing a reduction of around 14.7%[13] - Total liabilities increased to RMB 974,945,696.82 from RMB 874,158,554.63, marking an increase of about 11.5%[14] - The company's total assets reached RMB 2,536,580,493.78, up from RMB 2,407,832,304.35, which is an increase of approximately 5.3%[13] - The total equity attributable to shareholders rose to RMB 1,405,550,372.59 from RMB 1,381,666,173.68, reflecting an increase of about 1.7%[14] - The company's short-term borrowings increased to RMB 170,214,944.45 from RMB 120,102,166.67, representing a growth of approximately 41.8%[13] - The company reported a decrease in accounts payable to RMB 186,972,829.62 from RMB 234,563,128.30, which is a decline of about 20.3%[13] Research and Development - The company incurred research and development expenses of ¥17,713,900.53 in Q1 2025, up from ¥14,417,947.68 in Q1 2024, indicating a focus on innovation[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,890[10] - The company's retained earnings increased to RMB 753,108,695.25 from RMB 731,976,390.41, indicating a growth of approximately 2.8%[14] Non-Recurring Gains - The company reported non-recurring gains of CNY 2,329,199.47, primarily from government subsidies and other non-operating income[8] - The increase in operating revenue was mainly due to higher sales volume of compound fertilizers compared to the previous year[8]

中盐安徽红四方肥业股份有限公司 2024 年度独立董事述职报告 独立董事 马友华 本人作为中盐安徽红四方肥业股份有限公司（以下简称"公司"）的独立董 事，根据《公司法》《证券法》及《公司章程》的规定和要求，在 2024 年度工 作中，认真履行职责，积极出席相关会议，认真审议董事会各项议案，对重大 事项发表了独立意见，努力维护公司整体利益及全体股东的合法权益。现将本 人在 2024 年度的履职情况报告如下： 一、独立董事的基本情况 （一）个人工作履历、专业背景及兼职情况 马友华：1984 年 7 月至 1987 年 9 月，就职于安徽农学院（1995 年调整名 称为安徽农业大学）从事科研与教学工作；1987 年 9 月至 1990 年 7 月，攻读 硕士学位；1990 年 7 月至 2023 年 6 月，就职于安徽农业大学从事科研与教学 工作；1994 年 9 月至 1998 年 12 月，攻读博士学位；1998 年 12 月至 1999 年 12 月，在联邦德国农业研究中心（FAL，Germany）访问研究；2005 年 3 月至 2006 年 4 月，于美国 Western Kentucky Univers ...