江西国泰集团股份有限公司2025 年半年度报告 公司代码：603977 公司简称：国泰集团 江西国泰集团股份有限公司 2025 年半年度报告 1 / 172 江西国泰集团股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准 确性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人洪余和、主管会计工作负责人李仕民及会计机构负责人（会计主管人员） 程敏声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 □适用 √不适用 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司结合自身特点，已在本半年度报告第三节其他披露事项"可能面对的风险"中对公 司经营和未来发展中可能产生的不利因素和存在风险进行了详细描述，敬请查阅。 十一、 其他 □适用 √不适用 2 / 172 七、 是否存在被 ...

证券代码：603977 证券简称：国泰集团 编号：2025 临 029 号 江西国泰集团股份有限公司 关于续聘 2025 年度会计师事务所的公告 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、准确性和完整性承担法律责任。 重要内容提示： 拟聘任的会计师事务所名称：大信会计师事务所（特殊普通合伙）（以 下简称"大信所"） 一、拟聘会计师事务所的基本情况 （一）机构信息 1、基本信息 大信所成立于 1985 年，2012 年 3 月转制为特殊普通合伙制事务所，总部位 于北京，注册地址为北京市海淀区知春路 1 号 22 层 2206，首席合伙人为谢泽敏 先生。大信所在全国设有 33 家分支机构，在香港设立了分所，并于 2017 年发起 设立了大信国际会计网络，目前拥有美国、加拿大、澳大利亚、德国、法国、英 国、新加坡等 38 家网络成员所。大信所是我国最早从事证券服务业务的会计师 事务所之一，首批获得 H 股企业审计资格，拥有近 30 年的证券业务从业经验。 截至 2024 年 12 月 31 日，大信所从业人员总数 3945 人，其中合伙人 175 人，注册 ...

证券代码：603977 证券简称：国泰集团 编号：2025 临 027 号 江西国泰集团股份有限公司 第六届监事会第十一次会议决议公告 本公司监事会及全体监事保证公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 一、监事会会议召开情况 江西国泰集团股份有限公司（以下简称"公司"）第六届监事会第十一次会议 于 2025 年 8 月 19 日下午 16:30 在公司会议室以现场会议的方式召开。会议由职工 监事简新春先生召集并主持，会议应出席监事 3 名，实际出席监事 3 名。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》和《江西国泰集团股份有 限公司章程》等有关规定，合法有效。 二、监事会会议审议情况 会议审议并通过了以下议案，并形成了决议： （一）审议通过了《公司 2025 年半年度报告全文及摘要》 表决结果：同意 3 票，反对 0 票，弃权 0 票。 监事会认为：公司 2025 年半年度报告的编制和审议程序符合法律、法规和《公 司章程》等各项规定；公司 2025 年半年度报告及摘要的内容和格式符合中国证监 会和上海证券交易所的各项规定，所包含的信 ...

证券代码：603977 证券简称：国泰集团 编号：2025 临 026 号 江西国泰集团股份有限公司 第六届董事会第十九次会议决议公告 本公司董事会及全体董事保证公告内容不存在虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 一、董事会会议召开情况 江西国泰集团股份有限公司（以下简称"公司"）第六届董事会第十九次会议 于 2025 年 8 月 19 日下午 15:30 在公司会议室以现场会议的方式召开。会议由副董 事长兼总经理洪余和先生召集并主持，会议应出席董事 7 名，实际出席董事 7 名， 公司监事、高级管理人员列席了本次会议。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》和《江西国泰集团股份有限公司章程》等有关规定，合 法有效。 二、董事会会议审议情况 会议审议并通过了以下议案，并形成了决议： （一）审议通过了《公司 2025 年半年度报告全文及摘要》 公司董事会同意续聘大信会计师事务所（特殊普通合伙）为公司 2025 年度财务 审计机构和内控审计机构，聘期为一年。 本议案已经公司董事会审计委员会事前审议通过，同意提交公司董事会审议， 本议案尚需提交公司 ...

金融界消息 截至2025年8月19日收盘，国泰集团（603977）报收于12.7元，下跌0.31%，换手率1.38%， 成交量8.55万手，成交金额1.09亿元。 资金流向方面，今日主力资金净流出1505.62万元，占比成交额13.82%。其中，超大单净流出418.31万 元、占成交额3.84%，大单净流出1087.31万元、占成交额9.98%，中单净流出流入540.91万元、占成交 额4.97%，小单净流入964.71万元、占成交额8.86%。 国泰集团最新一期业绩显示，截至2025一季报，公司营业总收入4.83亿元、同比减少1.26%，归属净利 润4308.39万元，同比减少8.23%，扣非净利润3965.63万元，同比增长17.09%，流动比率1.595、速动比 率1.416、资产负债率36.28%。 天眼查商业履历信息显示，江西国泰集团股份有限公司，成立于2006年，位于南昌市，是一家以从事化 学原料和化学制品制造业为主的企业。企业注册资本62124.1828万人民币，实缴资本32514.9692万人民 币。公司法定代表人为熊旭晴。 通过天眼查大数据分析，江西国泰集团股份有限公司共对外投资了17家企业 ...

Investment Rating - The industry rating is "Recommended" [4] Core Views - The report highlights a significant increase in fixed asset investment in water and electricity sectors, with a focus on regional infrastructure [1][3] - The cement market remains stable, while glass prices are experiencing fluctuations due to competitive dynamics [2] - The real estate market shows a decline in transaction volumes for both new and second-hand homes [3][21] - The report emphasizes the ongoing demand for construction materials driven by major national projects and infrastructure investments [7][8] Summary by Sections Investment Recommendations - Recommended stocks include strong performers like "Three Trees" and high-dividend stocks such as "Weixing New Materials" and "Rabbit Baby" [1] - Cement leaders like "Huaxin Cement" and "Conch Cement" are recommended due to their cost and scale advantages [7] - The report suggests focusing on companies benefiting from major engineering projects, such as "China Power Construction" and "China Energy Construction" [8] Market Trends - The national cement price is reported at 340.33 CNY/ton, showing stability despite low demand [2] - The average price of float glass has decreased to 1235.66 CNY/ton, reflecting a 3.08% decline from the previous week [2][73] - The report notes a 1.6% year-on-year increase in fixed asset investment, with infrastructure investment growing by 3.2% [3][6] Real Estate Market - New home transaction volume in 30 major cities decreased by 12% year-on-year, with a significant 44.7% drop from the previous week [3][21] - Second-hand home transactions in 15 monitored cities showed a slight decline of 1.7% year-on-year [3][21] Sector Performance - The report indicates a robust performance in the industrial sector, with a 9.0% year-on-year increase in industrial investment [6] - The water and electricity sectors are highlighted for their strong investment growth, with electricity supply investment up by 21.5% [6]

Group 1 - The stock price of Guotai Group is reported at 12.58 yuan as of August 15, 2025, reflecting an increase of 0.16% from the previous trading day, with a transaction volume of 1.08 billion yuan [1] - Guotai Group is primarily engaged in the research, production, and sales of civil explosive materials and chemical products, including industrial explosives, detonators, and detonating cords [1] - The company will hold a semi-annual performance briefing on August 22, 2025, with participation from senior executives including Vice Chairman and General Manager Hong Yuhe [1] Group 2 - On August 15, the net outflow of main funds was 14.16 million yuan, with a total net outflow of 41.43 million yuan over the past five days [1]

Core Points - Guotai Group announced that it will hold a semi-annual performance briefing on August 22, 2025, from 10:30 to 11:30 AM [2] - The meeting will be conducted via the Shanghai Stock Exchange Roadshow Center's online interactive platform [2] - Participants in the meeting will include Vice Chairman and General Manager Hong Yu, Independent Director Deng Tieqing, Chief Financial Officer Li Shimin, and Board Secretary He Ji [2]

Core Insights - Cathay Group announced the purchase of 14 additional Boeing 777-9 aircraft, bringing the total order to 35, reinforcing its position as an international aviation hub in Hong Kong [3] - The group reported a profit of HKD 3.7 billion for the first half of 2025, similar to the previous year, driven by increased passenger capacity and lower fuel prices [1][2] - The group plans to distribute an interim dividend of HKD 0.2 per share, totaling HKD 1.3 billion, maintaining the same dividend as the previous year [1] Financial Performance - Cathay Pacific's passenger revenue reached HKD 34.208 billion in the first half of 2025, a 14% increase year-on-year, with a total passenger count of 13.6 million, reflecting a 27.8% growth [2] - The cargo business generated HKD 11.141 billion in revenue, a 2.2% increase, with cargo volume rising by 11.4% to 801,000 tons [2] Operational Developments - The company has successfully increased its flight capacity, achieving a passenger load factor of 84.8%, up from 82.4% in the previous year [2] - Cathay Group is expanding its domestic routes in mainland China, with plans to increase the number of flights and enhance service diversity [4] Strategic Initiatives - The group is focused on modernizing its fleet and enhancing customer experience, with significant investments exceeding HKD 100 billion in new aircraft and digital innovations [1][3] - Cathay is also enhancing its service offerings, including the introduction of new cabin products and the optimization of existing aircraft [4]

Group 1 - The company will hold a half-year performance briefing on August 22, 2025, from 10:30 to 11:30 AM [2][4] - The briefing will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [3][4] - Investors can submit questions from August 15 to August 21, 2025, and the company will address common concerns during the briefing [2][4][3] Group 2 - Key personnel attending the briefing include the Vice Chairman and General Manager, Mr. Hong Yuhe, Independent Director, Mr. Deng Tieqing, Chief Financial Officer, Mr. Li Shimin, and Board Secretary, Mr. He Ji [4] - Investors can participate in the briefing by logging into the Shanghai Stock Exchange Roadshow Center website [4][6] - After the briefing, investors can view the main content and details of the event on the Shanghai Stock Exchange Roadshow Center [6]