2024 年度利润分配预案公告 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。 重要内容提示： 每股分配比例：A股每股派发现金红利0.09元（含税）。 本次利润分配以实施权益分派股权登记日总股本为基数，具体日期将在 权益分派实施公告中明确。 如在实施权益分派的股权登记日前江西国泰集团股份有限公司（以下简 称"公司"或"国泰集团"）可参与权益分派的总股本发生变动的，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。 证券代码：603977 证券简称：国泰集团 编号：2025 临 009 号 江西国泰集团股份有限公司 二、公司履行的决策程序 （一）董事会会议的召开、审议和表决情况 公司于 2025 年 4 月 16 日召开第六届董事会第十七次会议审议通过了《2024 年度利润分配预案》，本预案符合公司章程规定的利润分配政策。 公司未触及《上海证券交易所股票上市规则》第9.8.1条第一款第（八） 项规定的可能被实施其他风险警示的情形。 一、利润分配方案内容 （一）利润分配方案的具体内容 经大信会计师事务所（特殊普通合伙 ...

Financial Performance - The net profit attributable to shareholders for 2024 is CNY 180,745,654.89, with the parent company achieving a net profit of CNY 203,294,893.38[6]. - The total undistributed profits of the parent company at the end of the reporting period amount to CNY 713,631,571.72[6]. - The proposed cash dividend distribution is CNY 0.90 per 10 shares, totaling CNY 55,911,764.52, which represents 30.93% of the net profit attributable to shareholders[6]. - The company's operating revenue for 2024 was CNY 2,354,492,849.08, a decrease of 7.34% compared to CNY 2,541,006,874.75 in 2023[21]. - The net profit attributable to shareholders for 2024 was CNY 180,745,654.89, down 40.84% from CNY 305,540,173.72 in 2023[21]. - The basic earnings per share for 2024 was CNY 0.29, a decline of 40.82% compared to CNY 0.49 in 2023[23]. - The net cash flow from operating activities for 2024 was CNY 266,933,220.89, a decrease of 28.15% from CNY 371,538,216.51 in 2023[21]. - The weighted average return on equity for 2024 was 5.71%, down 4.52 percentage points from 10.23% in 2023[23]. - The net profit attributable to shareholders for the fourth quarter of 2024 was negative at CNY -37,776,786.74, indicating a significant decline in performance during that period[27]. Asset and Investment Overview - Total assets at the end of 2024 were CNY 5,686,552,636.81, reflecting a 5.18% increase from CNY 5,406,373,578.47 at the end of 2023[21]. - As of the reporting period, the company's total assets reached 5.687 billion yuan, an increase of 5.18% year-over-year, while net assets grew by 3.05% to 3.683 billion yuan[32]. - The company achieved total revenue of CNY 2,354.49 million, a decrease of 7.34% compared to the previous year[63]. - Total assets increased by 5.18% to CNY 5,686.55 million, while net assets grew by 3.05% to CNY 3,682.94 million[63]. Business Segment Performance - The integrated civil explosives business generated revenue of 1.64558 billion yuan, while military new materials and rail transit automation businesses reported revenues of 268.5938 million yuan and 144.5917 million yuan, respectively[32]. - Revenue from the integrated civil explosives segment was CNY 1,645.58 million, down 5.70% year-on-year[63]. - The military new materials segment saw revenue growth of 55.21%, reaching CNY 268.59 million[63]. - Revenue from the rail transit automation and information segment declined by 40.55% to CNY 144.59 million[63]. Research and Development - The company has 25 high-tech enterprises and 24 small and medium-sized technology enterprises registered, showcasing its strong R&D capabilities[57]. - The company holds a total of 654 patents, including 135 invention patents and 496 software copyrights[58]. - The company’s R&D investment for 2024 is CNY 138.39 million, accounting for 5.88% of total revenue[79]. - The company has made significant progress in R&D, including the development of new electronic detonators and special explosives, with several projects entering the research phase[95]. - The company is focused on developing core products in smart governance and safety monitoring, leveraging AI and big data to enhance product performance and customer engagement[135]. Environmental and Safety Initiatives - The company’s safety and environmental management initiatives led to the establishment of a digital safety supervision platform and the achievement of "zero" wastewater discharge goals in its production facilities[37]. - The company invested approximately 19.99 million yuan in environmental protection during the reporting period[194]. - The company has implemented a comprehensive wastewater treatment system that includes various treatment processes to ensure compliance with discharge standards[200]. - The company emphasizes safety production and product quality, adhering to a safety-first philosophy and complying with national safety regulations to enhance its inherent safety levels[137]. Governance and Management - The company has established clear responsibilities among its power, decision-making, supervisory, and management bodies[147]. - The company received the "Outstanding Board Award" at the 19th China Listed Company Board of Directors Awards, highlighting its commitment to governance and investor relations[145]. - The company has organized two shareholder meetings in 2024 to make decisions on significant matters, ensuring compliance with regulations and protecting shareholder rights[143]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to CNY 703.56 million[151]. Market and Industry Trends - In 2024, the civil explosives industry achieved a total revenue of 45.067 billion yuan, a year-on-year decrease of 9.33%[40]. - The total profit for the civil explosives industry in 2024 was 9.639 billion yuan, reflecting a year-on-year increase of 13.04%[40]. - The civil explosives industry is expected to see the top ten companies' production value increase from 49% in 2020 to over 60% by the end of 2025[39]. - The military new materials market in China surpassed 104.17 billion yuan in 2021 and is expected to continue rapid growth in the coming years[45]. Future Outlook and Strategic Plans - The company plans to complete the relocation project of its subsidiary by September 2025, which will affect the production line and fixed assets[21]. - The company aims to enhance its integrated civil explosives services and increase production capacity through the development of on-site mixed loading projects[134]. - The company plans to increase R&D investment in military new materials, focusing on high-value-added products to improve unit product gross margins[134]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for potential deals[152].

国泰集团（603977）公告，2024年营业收入23.54亿元，同比下降7.34%。归属于上市公司股东的净利润 1.81亿元，同比下降40.84%。拟以实施权益分派股权登记日登记的总股本为基数，向可参与分配的股东 每10股派发现金红利0.9元(含税)，不转股、不送股，剩余未分配利润结转以后年度分配。 ...

国泰顾客及商务总裁刘凯诗表示："我们很高兴在今年夏季将内地的客运航点数量增至20个，并增加多 个受欢迎航点的航班班次。国泰植根香港、背靠祖国、联通世界，我们致力为所有往返香港，及经香港 枢纽转机的旅客提供无缝的旅游体验。" 国泰集团重点布局京津冀、长三角两大国家战略区域，不断加大运力投放力度，精心编排航班时刻，确 保在北京和上海实现"全天候、高频次"的便捷出行服务。与此同时，国泰集团在其他重点城市也进一步 增加航班频次，充分满足庞大的休闲及商务出行需求。 《中国民航报》、中国民航网 记者郑雪 报道：自今年夏秋航季起，国泰集团将全面提升往来内地与香 港的航班运力。今夏高峰期间，国泰集团每周将运营近300个往来香港与内地的航班，航班量较2024年 同期增长近40%，进一步巩固香港、内地与全球各地的联系，推动经贸互通与文化交流。 记者了解到，今年夏秋航季，国泰航空往返北京首都国际机场的航班将增至每日7班，连同香港快运每 日1个往返北京大兴国际机场的航班，国泰集团每周将提供56个航班往来香港与北京两大国际机场。往 返上海浦东国际机场的航班将增至每日8班，连同每周11班往返上海虹桥国际机场，国泰航空每周将运 营67个航 ...

Investment Rating - The report gives a "Buy" rating for Guotai Group (603977) with a target price not specified [7] Core Views - Guotai Group is a regional leader in the civil explosives industry, with a diversified layout that includes military new materials and rail transit automation, forming a "one body, two wings" development pattern [1][15] - The company has shown stable profitability despite a slight decline in revenue and net profit in the first three quarters of 2024, with expectations for recovery driven by increasing downstream demand and breakthroughs in military new materials [2][25] - The military expenditure budget for 2024 is set at 1,665.54 billion yuan, reflecting a 7.2% year-on-year increase, which is expected to boost demand for military equipment and related products [3][33] Summary by Sections 1. Regional Leader in Civil Explosives - Guotai Group focuses on integrated civil explosives, including industrial explosives and blasting services, while actively expanding into military new materials and rail transit automation [1][15] - As the only civil explosive production enterprise in Jiangxi Province, the company holds a significant market advantage [1][15] 2. Focus on Civil Explosives Main Business - In the first three quarters of 2024, the company achieved revenue of 1.704 billion yuan, a decrease of 5.92% year-on-year, and a net profit of 219 million yuan, down 3.16% [2][25] - From 2021 to 2023, the company's revenue grew from 1.988 billion yuan to 2.541 billion yuan, with a CAGR of 13.06% [2][25] - The company expects revenue and net profit to recover as downstream demand increases and military new materials achieve significant breakthroughs [2][25] 3. Multi-Dimensional Layout in Military Products - The military budget growth is expected to enhance demand for military equipment, benefiting the company [3][33] - Guotai Group is investing 340 million yuan to build a new production line for energetic materials, with an expected annual capacity of 3,000 to 4,300 tons [3][39] - The company’s military new materials business is anticipated to benefit from the increasing proportion of equipment expenditure in the military budget [3][40] 4. Industry Supply-Side Concentration and Infrastructure Projects - The civil explosives industry is experiencing a steady improvement, with supply-side concentration increasing [4][50] - The construction of the Gan-Yue Canal, a strategic project in Jiangxi Province, is expected to significantly boost downstream demand for civil explosives [4][54] - The company’s production capacity utilization is improving, with a strong sales performance in industrial explosives and electronic detonators [4][54]

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [7]. Core Viewpoints - Guotai Group is positioned as a regional leader in the civil explosives industry, with a diversified layout that includes military new materials and rail transit automation, which supports growth [1][15]. - The company's revenue and net profit are expected to recover as downstream demand gradually increases, with a stable performance in civil explosive product sales and significant breakthroughs in military new materials [2][25]. - The military budget in China is projected to grow, which will likely enhance the demand for military equipment, benefiting the company's product offerings [3][33]. Summary by Sections 1. Regional Leader in Civil Explosives - Guotai Group focuses on an integrated civil explosives business, including industrial explosives and blasting services, while also expanding into military new materials and rail transit automation [1][15]. - As the only civil explosive manufacturer in Jiangxi Province, the company holds a significant market advantage [1]. 2. Focus on Civil Explosives with Stable Profitability - In the first three quarters of 2024, the company achieved revenue of 1.704 billion yuan, a decrease of 5.92% year-on-year, and a net profit of 219 million yuan, down 3.16% year-on-year [2][25]. - From 2021 to 2023, the company's revenue grew from 1.988 billion yuan to 2.541 billion yuan, with a CAGR of 13.06% [2][25]. - The company expects to maintain revenue and profit growth trends due to its diversified business layout and improving downstream demand [2][25]. 3. Multi-Dimensional Layout in Military Products - China's military budget for 2024 is set at 1,665.54 billion yuan, reflecting a year-on-year increase of 7.2% [3][33]. - The company is expanding its production capacity for energetic materials, with a new production line expected to significantly enhance its output [3][39]. - The military new materials business is anticipated to benefit from the increasing proportion of equipment expenditure in the military budget [3][40]. 4. Industry Supply-Side Concentration and Infrastructure Projects - The civil explosives industry is experiencing a steady upward trend, with increasing supply-side concentration [4][50]. - The construction of major infrastructure projects, such as the Gan-Yue Canal, is expected to boost downstream demand for civil explosives [4][54]. - The company has reported strong sales performance, with significant increases in production capacity utilization and sales rates [4][54].

本次交易完成后，公司持有宏泰物流 45%的股权，宏泰物流仍为公司控 股子公司。 证券代码：603977 证券简称：国泰集团 编号：2025 临 006 号 江西国泰集团股份有限公司 关于放弃控股子公司江西宏泰物流有限公司 部分股权优先受让权的公告 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。 重要内容提示: 江西宏泰物流有限公司（以下简称"宏泰物流"）注册资本为 344,660,954.33 元，其中，江西国泰集团股份有限公司（以下简称"公司"） 全资子公司江西恒合投资发展有限公司（以下简称"恒合投资"）实缴出资 155,097,429.45 元，占比 45%；自然人股东潘忠华实缴出资 113,738,114.93 元， 占比 33%；自然人股东张艺博实缴出资 75,825,409.95 元，占比 22%。 自然人陈祎灵拟以人民币 75,825,409.95 元受让自然人股东张艺博持有 的宏泰物流 22%的股权，公司放弃本次交易的优先受让权。 一、交易概述 （一）宏泰物流注册资本为 344,660,954.33 元，其中，恒合投资 ...

证券代码：603977 证券简称：国泰集团 编号：2025 临 005 号 重要内容提示： 现金管理金额：不超过人民币10亿元。 现金管理产品类型：安全性高、流动性好、短期（一年以内）低风险的 理财产品或结构性存款。 现金管理期限：自董事会审议通过之日起一年内有效。 履行审议程序：本事项已经公司第六届董事会第十六次会议和第六届监 事会第八次会议审议通过。 江西国泰集团股份有限公司（以下简称"公司"）于2025年3月7日召开第六 届董事会第十六次会议和第六届监事会第八次会议，审议通过了《关于公司及下 属子公司2025年自有资金现金管理的议案》，同意公司及子公司使用不超过人民 币10亿元的暂时闲置自有资金进行现金管理，投资安全性高、流动性好的短期（一 年以内）低风险理财产品或结构性存款。现将相关事项公告如下： 江西国泰集团股份有限公司 关于使用部分闲置自有资金进行现金管理的公告 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、本次使用闲置自有资金进行现金管理的基本情况 （一）现金管理的目的 为提高资金使用效率，合理利用闲置自有资金， ...

证券代码：603977 证券简称：国泰集团 编号：2025 临 003 号 江西国泰集团股份有限公司 关于补选非独立董事的公告 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。 江西国泰集团股份有限公司（以下简称"公司"）于 2025 年 3 月 7 日召开 第六届董事会第十六次会议，审议通过了《关于提名公司非独立董事的议案》。 根据《公司法》及《公司章程》等相关规定，公司董事会提名委员会对王叶胜先 生的任职资格进行了审查，认为王叶胜先生不存在《公司法》《公司章程》要求 的不得担任董事的情形，以及被中国证监会确定为市场禁入者且尚未解除的现象， 不存在上海证券交易所认定不适合担任上市公司董事的其他情况。公司董事会提 名委员会认为王叶胜先生具备担任公司董事的资格和能力，同意提交公司董事会 审议。 该事项尚需提交公司股东大会审议。 特此公告。 江西国泰集团股份有限公司董事会 二〇二五年三月八日 1 附件： 非独立董事候选人简历 王叶胜先生，1967 年 9 月出生，中共党员，大学学历，高级工程师。历任江西 万年青水泥股份有限公司安全环保部技 ...

证券代码：603977 证券简称：国泰集团 编号：2025 临 004 号 江西国泰集团股份有限公司 关于为下属子公司提供担保的公告 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。 重要内容提示: 被担保人名称： 1、全资子公司江西铜业民爆矿服有限公司（简称"江铜民爆"） 2、控股子公司江西宏泰物流有限公司（以下简称"宏泰物流"） 本次担保金额及已实际为其提供的担保余额：江西国泰集团股份有限公 司（以下简称"公司"）本次为下属子公司银行综合授信额度提供担保金额不超 过人民币 13,800 万元，其中为江铜民爆担保金额不超过 12,900 万元（含），为 宏泰物流担保金额不超过 900 万元（含）。截至 2025 年 1 月 31 日，公司实际为 江铜民爆担保余额为 0 万元，为宏泰物流担保余额为 27,950 万元。 本次担保是否有反担保：否 为支持和促进下属子公司江铜民爆和宏泰物流经营发展，应江铜民爆和宏泰 物流银行授信担保申请，满足其日常经营资金需求，公司董事会同意为上述两家 子公司申请银行综合授信额度提供担保，担保金额不超过人 ...