金隅冀东水泥集团股份有限公司 经理工作细则 （已经公司于 2025 年 10 月 28 日召开的第十届董事会第二十一次会议审议批准） 第一章 总 则 第一条 为健全和规范金隅冀东水泥集团股份有限公 司（以下简称公司）法人治理结构，提高公司生产经营管理 活动的质量和效率，规范公司经理及经理层的经营管理行为， 根据《中华人民共和国公司法》（以下简称《公司法》）、《上 市公司章程指引》《深圳证券交易所股票上市规则》（以下合 称《上市规则》）等有关法律、法规和《金隅冀东水泥集团 股份有限公司章程》（以下简称《公司章程》）以及《金隅冀 东水泥集团股份有限公司董事会议事规则》的有关规定，结 合公司实际制定本工作细则（以下简称本细则）。 第二条 经理负责全面主持公司的日常经营管理工作， 行使《公司法》《公司章程》和董事会赋予的职权，对董事 会负责。 第六条 经理对董事会负责，行使以下职权： （一）主持公司的生产经营管理工作，组织实施董事会 决议，并向董事会报告工作； （二）组织实施公司年度经营计划和投资方案； 第三条 本细则是公司经理层及其成员工作的基本行 为规范，是指导制定公司经营管理的规定、办法和操作细则 等公司制度的 ...

证券代码：000401 证券简称：金隅冀东 公告编号：2025-080 金隅冀东水泥集团股份有限公司 2025年第四次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 1.本次股东会未出现否决议案的情形。 2.本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 4.主持人：董事长刘宇先生 5.会议的召集、召开程序符合有关法律、行政法规、部门规章、规范 性文件、深圳证券交易所业务规则及《公司章程》等规定。 （二）会议出席情况 1.股东出席的总体情况：参加本次会议的股东及股东授权委托代表 383人，代表股份1,754,686,595股，占公司有表决权股份总数的66.0099％。 （1）通过现场投票的股东3人，代表股份1,681,156,215股，占公司 1.会议召开方式：现场投票与网络投票相结合的方式。 （1）现场会议召开时间：2025年10月28日14:00 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的 具体时间为2025年10月28日9:15-9:25，9:30—11:30，1 ...

证券代码：000401 证券简称：金隅冀东 公告编号：2025-081 增补葛栋先生为第十届董事会提名委员会委员。增补后，提名委员会 的组成如下： 主任委员（召集人）：何捷 委员：刘宇、葛栋、吴鹏、王建新 金隅冀东水泥集团股份有限公司 第十届董事会第二十一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 金隅冀东水泥集团股份有限公司（以下简称公司或本公司）董事会于 2025 年 10 月 17 日以专人送达和电子邮件的方式向全体董事发出了关于召 开公司第十届董事会第二十一次会议的通知，会议于 2025 年 10 月 28 日 在公司会议室召开。会议应到董事九名，实际出席董事九名，高级管理人 员列席会议。会议由董事长刘宇先生召集并主持。会议的召集、召开符合 《中华人民共和国公司法》和《公司章程》的有关规定。会议对所列议案 进行了审议，经表决形成如下决议： 一、审议并通过《关于选举第十届董事会副董事长的议案》 选举葛栋先生为公司第十届董事会副董事长，任期与第十届董事会任 期一致。 表决结果：九票同意 零票反对 零票弃权。 二、审议并通过《关于增补董事 ...

北京市海问律师事务所 关于金隅冀东水泥集团股份有限公司 2025 年第四次临时股东会的法律意见书 经核查金隅冀东《金隅冀东水泥集团股份有限公司第十届董事会第二十次会议 决议公告》《金隅冀东水泥集团股份有限公司关于召开 2025 年第四次临时股东会的 通知》并经见证本次会议，本次会议由公司董事会召集，会议召开的时间、地点、 方式与会议通知中所告知的时间、地点、方式一致,本次会议由公司董事长刘字先 生主持。 本所律师认为，本次会议的召集和召开程序、召集人的资格符合有关法律和公 司童程的有关规定。 二、出席本次会议现场会议人员资格 根据对出席本次会议的公司股东的证券账户卡、身份证、营业执照或其他有效 证件或证明、股东代理人的授权委托书和身份证明等的查验，出席本次会议现场会 议的股东及股东代理人共 3 人，所持股份份数为 1,681,156,215 股，占公司有表决 权股份总数的 63.2438%。 本所律师认为,出席本次会议现场会议的人员资格符合有关法律及公司章程的 规定。 致:金隅冀东水泥集团股份有限公司 北京市海问律师事务所 (以下简称"本所")作为金隅冀东水泥集团股份有限 公司（以下简称"金隅冀东"或"公司" ...

Financial Performance - The company's revenue for Q3 2025 was ¥6,814,288,348.13, a decrease of 7.13% compared to the same period last year[4] - Net profit attributable to shareholders decreased by 61.92% to ¥193,978,870.14, while the net profit excluding non-recurring gains and losses was ¥157,772,032.50, down 63.10%[4] - Basic earnings per share fell by 62.06% to ¥0.0727, and diluted earnings per share also decreased by 61.16% to ¥0.0727[4] - Total operating revenue for the current period reached ¥18,575,066,588.09, a slight increase from ¥18,557,200,512.65 in the previous period, reflecting a growth of approximately 0.1%[14] - Total operating costs decreased to ¥18,718,639,969.37 from ¥19,215,917,591.73, marking a reduction of about 2.6%[14] - The net profit for the current period was ¥16,266,180.61, a significant recovery from a net loss of ¥410,838,812.00 in the previous period[15] - The profit attributable to the parent company's shareholders was ¥40,354,882.23, compared to a loss of ¥296,767,662.01 in the prior period[15] - The total comprehensive income attributable to the parent company was CNY 65,215,786.62, a decrease of 321,339,788.07 compared to the previous period[16] - The company's total comprehensive income was CNY 41,127,085.00, a decrease of 430,777,041.73 compared to the previous period[16] Assets and Liabilities - Total assets at the end of Q3 2025 were ¥58,658,247,865.25, a decrease of 1.11% from the end of the previous year[4] - Total assets amounted to ¥58,658,247,865.25, a decrease from ¥59,313,896,919.67, indicating a decline of approximately 1.1%[13] - Total liabilities decreased to ¥29,088,671,243.72 from ¥30,055,297,604.47, reflecting a reduction of about 3.2%[13] - Non-current liabilities totaled ¥13,796,277,933.07, slightly down from ¥13,879,715,933.18, showing a decrease of approximately 0.6%[13] - The company’s total liabilities increased, with contract liabilities rising by 48.74% to ¥711,315,978.64, indicating increased pre-sales[7] Cash Flow - The company reported a net cash flow from operating activities of ¥2,073,210,527.19, an increase of 17.66% year-to-date[4] - The net cash flow from operating activities was CNY 2,073,210,527.19, an increase from CNY 1,762,054,187.01 in the previous period[17] - Cash flow from investing activities showed a net outflow of ¥2,091,549,895.99, a 73.82% increase in outflow compared to the previous year[7] - The cash inflow from investment activities totaled CNY 252,927,095.09, while cash outflow was CNY 2,344,476,991.08, resulting in a net cash flow of -2,091,549,895.99[17] - The cash inflow from financing activities was CNY 7,284,317,814.17, with cash outflow of CNY 8,655,482,618.20, leading to a net cash flow of -1,371,164,804.03[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 78,128[9] - The largest shareholder, Beijing Jinyu Group, holds 44.34% of shares, totaling 1,178,645,057 shares[9] - The second-largest shareholder, Jidong Development Group, holds 17.22% of shares, totaling 457,868,301 shares[9] - The company has not reported any changes in the top 10 shareholders due to securities lending or borrowing[10] - There are no preferred shareholders or significant changes in their holdings reported[10] Current Assets - Total current assets decreased from 14,369,358,160.88 CNY to 13,507,059,201.38 CNY, a decline of approximately 6%[11] - Cash and cash equivalents decreased from 6,934,688,088.68 CNY to 5,490,398,180.00 CNY, a decline of about 21%[11] - Accounts receivable increased from 2,619,807,728.78 CNY to 2,759,217,693.05 CNY, an increase of approximately 5.3%[11] - Inventory increased slightly from 2,783,327,687.40 CNY to 2,805,544,495.49 CNY, an increase of about 0.8%[11] - Long-term equity investments decreased from 1,736,511,764.14 CNY to 1,726,814,658.36 CNY, a decline of about 0.6%[11] Investment and R&D - The company recognized non-recurring gains of ¥36,206,837.64 in Q3 2025, with government subsidies contributing ¥30,604,355.22[5] - Research and development expenses were reported at ¥131,836,219.24, a marginal increase from ¥130,569,574.60, indicating continued investment in innovation[14] - The company reported a significant increase in investment income, reaching ¥95,082,873.53, up from ¥88,124,498.93 in the previous period[14] Earnings Per Share - The basic and diluted earnings per share were both CNY 0.0143, compared to -0.1116 and -0.0917 respectively in the previous period[16]

金隅冀东公告，第三季度营收为68.14亿元，下降7.13%；净利润为1.94亿元，下降61.92%。前三季度营 收为185.75亿元，增长0.10%；净利润为4035.49万元，增长113.60%。 ...

Investment Rating - The report maintains an "Overweight" rating for the construction materials industry [1] Core Views - Short-term easing of US-China trade tensions and anticipation of economic work conference guidance [1] - Mid-term expectations for improved profitability in the fiberglass sector [2] - The construction materials sector has shown a 1.60% increase in the past week, underperforming compared to the broader market indices [4] Summary by Sections 1. Bulk Construction Materials Fundamentals and High-Frequency Data - **Cement**: The national average price for high-standard cement is 348.2 RMB/ton, up 1.3 RMB/ton from last week but down 63.0 RMB/ton year-on-year. The average cement inventory ratio is 67.9%, up 0.6 percentage points from last week [11][12][18]. - **Glass**: The average price for float glass is 1243.7 RMB/ton, down 57.3 RMB/ton from last week and down 9.3% year-on-year. Inventory levels have increased, indicating weak demand [44][50]. - **Fiberglass**: The market for non-alkali fiberglass remains stable, with prices holding steady. The average price for 2400tex non-alkali winding direct yarn is between 3250-3700 RMB/ton [5]. 2. Industry Dynamics Tracking - **Investment Trends**: Fixed asset investment growth has slowed, indicating weakness in traditional sectors like real estate and infrastructure. The focus is shifting towards technology and domestic consumption [4]. - **Market Recommendations**: The report suggests focusing on technology sectors benefiting from domestic cycles and improving supply chains in the real estate sector [4]. 3. Weekly Market Review and Sector Valuation - The construction materials sector has underperformed compared to the broader market indices, with a 1.60% increase against a 3.24% rise in the CSI 300 index [4]. - The report highlights the importance of industry self-discipline and the potential for price stabilization in the cement sector due to supply-side adjustments [5][11]. 4. Price and Inventory Trends - **Cement Prices**: The report notes a slight increase in cement prices in certain regions, with expectations for continued price fluctuations due to seasonal demand [11][12]. - **Glass Inventory**: The increase in glass inventory suggests a need for demand recovery to stabilize prices [50]. 5. Recommendations for Key Companies - The report recommends focusing on leading companies in the cement and fiberglass sectors, such as China National Building Material and China Jushi, which are expected to benefit from market adjustments and technological advancements [5].

Group 1 - The median return of active quantitative funds for the week of October 20-24, 2025, was 3.25%, while the Shanghai-Shenzhen 300 Index returned 3.24% and the Wind All A Index returned 3.47% [3][8] - For the year, the median return of active quantitative funds was 27.54%, compared to 18.44% for the Shanghai-Shenzhen 300 Index and 25.86% for the Wind All A Index [3][8] - The top-performing active quantitative funds this week had returns between 9% and 18%, primarily concentrated in the electronics sector, while the underperforming funds had returns between -1% and -3%, mainly focused on the food and beverage sector [3][4][8] Group 2 - The "Super Expectation Stock Selection Strategy" constructs a stock pool based on net profit exceeding expectations and analyst expectations, using the Wind All A Index as the base stock pool [5][14] - This week, the selected strategy yielded a return of 5.48%, outperforming the benchmark index (Wind All A Index) by 2.01% [5][16] - For the year, the selected strategy achieved a return of 46.03%, significantly higher than the benchmark index's return of 25.86%, resulting in an excess return of 20.17% [5][20] Group 3 - The top 30 selected stocks for October 2025 are concentrated in the electronics sector, with the highest return stock being Andar Intelligent (688125.SH) at 18.64%, categorized under mechanical equipment and automation equipment [6][21] - The report highlights that the active quantitative funds with higher returns are predominantly invested in the electronics sector [6][26] - The report emphasizes the importance of analyzing unexpected earnings and their impact on stock price movements, indicating a significant drift pattern following earnings announcements [14][15]

Core Viewpoint - The company, Jinyu Jidong, has confirmed that it possesses the production qualifications for silicate cement used in nuclear power engineering across six of its enterprises, and this year, its products have been utilized in several nuclear power projects [1] Group 1 - The company has six enterprises qualified to produce silicate cement for nuclear power engineering [1] - The silicate cement produced by the company has been used in various nuclear power engineering projects this year [1]

Group 1 - Harbin Air Conditioning plans to transfer 40% equity of its subsidiary, Harbin Fushanchuan Biotechnology Development Co., Ltd. The subsidiary reported a net profit of -16.0963 million yuan for 2024, which is 218.83% of the previous year's net profit absolute value [1] - Xinhua Insurance expects a net profit of 29.986 billion to 34.122 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 45% to 65% [1][2] - Gansu Energy anticipates a net profit of 1.55 billion to 1.6 billion yuan for the first three quarters of 2025, reflecting a year-on-year increase of 11.86% to 15.47% [2][3] Group 2 - Dongfang Tower forecasts a net profit of 750 million to 900 million yuan for the first three quarters of 2025, indicating a year-on-year growth of 60.83% to 93% [4] - Meili Eco announced that its subsidiary won a bid for an EPC project worth 2.375 billion yuan [6] - Bohai Chemical's wholly-owned subsidiary will undergo routine maintenance for its 600,000 tons/year PDH unit, expected to last about 30 days [8] Group 3 - Qin Port Co. reported a total throughput of 317.02 million tons for the first nine months of 2025, a year-on-year increase of 5.56% [10] - Jianglong Shipbuilding won a bid for a 72.99 million yuan fishery enforcement vessel project, accounting for 4.22% of its 2024 audited revenue [11] - Longyuan Technology expects a net profit of 35 million to 40 million yuan for the first three quarters of 2025, representing a year-on-year increase of 50.11% to 71.55% [12] Group 4 - Naipu Mining anticipates a net profit of 61 million to 66 million yuan for the first three quarters of 2025, reflecting a year-on-year decline of 45.16% to 49.32% [14] - Jinggong Steel Structure reported a cumulative contract amount of 17.98 billion yuan for the first nine months of 2025, a year-on-year increase of 4.8% [15][16] - Shenzhen Gas reported a net profit of 918 million yuan for the first three quarters of 2025, a year-on-year decrease of 13.08% [17] Group 5 - Yabao Pharmaceutical's subsidiary received a drug registration certificate for a new diabetes medication [18] - Shaanxi Coal's coal production in September was 14.56 million tons, a year-on-year increase of 5.34% [20] - Sifang New Materials reported a 15.94% year-on-year decline in concrete production for the first three quarters [22] Group 6 - Nanjing Foods reported a consolidated revenue of 276 million yuan in September, a slight increase of 0.0016% year-on-year [23] - Pulaike received a new veterinary drug registration certificate for a flea and tick treatment [24] - Zhucheng Technology received a cash dividend of 15 million yuan from its subsidiary [25] Group 7 - David Medical's subsidiary received a medical device registration certificate for a portable electronic endoscope image processor [26] - Zhongtong Bus reported a 36.88% year-on-year increase in sales in September, totaling 1,106 units [27] - Xiantan Co. reported a 11.95% year-on-year increase in chicken sales revenue in September [28] Group 8 - Bojun Technology expects a net profit of 552 million to 662 million yuan for the first three quarters of 2025, a year-on-year increase of 50% to 80% [30] - Haishi Pharmaceutical's innovative pain relief drug clinical trial application has been accepted [31] - Lingxiao Pump Industry used 80 million yuan of idle funds to purchase financial products [32] Group 9 - Qiangda Circuit's subsidiary completed business registration changes to expand its operational scope [33] - *ST Tianyu's controlling shareholder applied for bankruptcy liquidation due to severe financial difficulties [34] - Baolidi's shareholder plans to reduce holdings by up to 1 million shares [36] Group 10 - Zijin Mining completed the acquisition of Kazakhstan's Raygorodok gold mine, controlling 100% of its rights [44] - Zhonggang Luoyang's indirect controlling shareholder completed a capital increase, raising registered capital from approximately 26.666 billion yuan to 44.824 billion yuan [46] - Jinyu Jidong's director resigned due to work adjustments [47]