证券代码：000672 证券简称：上峰水泥 公告编号：2024-063 甘肃上峰水泥股份有限公司 2024 年第六次临时股东大会决议公告 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.本次股东大会未出现否决议案的情况。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、召开会议的基本情况 6、会议主持人：董事长俞锋先生。 （一）会议召开情况 1、现场会议时间：2024年9月6日下午14:30 2、现场会议地点：浙江省杭州市西湖区文二西路 738 号西溪乐谷创意产业 园 1 幢 E 单元会议室。 3、会议方式：现场投票和网络投票相结合。 4、召集人：甘肃上峰水泥股份有限公司（以下简称"公司"）第十届董事会 5、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时间为：2024年9月6日的交易 时间，即9:15-9:25，9:30-11:30和13:00-15:00。 通过互联网投票系统（http://wltp.cninfo.com.cn）进行网络投票的时间为： 2024年9月6日上午9:15-15:00的任意时间。 7、本次会议的 ...

证券代码：000672 证券简称：上峰水泥 甘肃上峰水泥股份有限公司 投资者关系活动记录表 编号：2024-003 | --- | --- | --- | |-------------------------|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券研究报告·公司点评报告·水泥 上峰水泥（000672） 2024 年中报点评：主业承压下行，两翼持续布局 2024 年 08 月 29 日 增持（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|---------|---------|---------|--------|--------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 7135 | 6397 | 5319 | 5361 | 5375 | | 同比（ % ） | (14.19) | (10.34) | (16.85) | 0.78 | 0.26 | | 归母净利润（百万元） | 948.87 | 744.29 | 525.47 | 661.04 | 697.41 | | 同比（ % ） | (56.38) | (21.56) | (29.40) | 25.80 | 5.50 | | EPS- 最新摊薄（元 / 股） | 0.98 | ...

甘肃上峰水泥股份有限公司 2024 年半年度财务报表 甘肃上峰水泥股份有限公司 GANSU SHANGFENG CEMENT CO., LTD 2024 年半年度财务报表 证券代码：0 00 6 7 2 证券简称：上峰水泥 2024 年 08 月 2、母公司资产负债表 1 甘肃上峰水泥股份有限公司 2024 年半年度财务报表 1、合并资产负债表 | 编制单位：甘肃上峰水泥股份有限公司 | 2024 年 06 月 30 日 | 单位：元 | | --- | --- | --- | | 项目 | 期末余额 | 期初余额 | | 流动资产： | | | | 货币资金 | 3,474,541,784.63 | 4,037,976,314.28 | | 交易性金融资产 | 1,001,594,447.03 | 1,104,484,763.61 | | 应收票据 | 346,420,895.09 | 351,648,412.70 | | 应收账款 | 237,320,736.50 | 230,199,911.85 | | 应收款项融资 | 180,028,745.84 | 66,014,696.10 | | 预付款项 | ...

Financial Performance - The company's operating revenue for the reporting period was ¥2,392,336,402.98, a decrease of 25.44% compared to the same period last year[12]. - Net profit attributable to shareholders was ¥170,812,853.03, down 67.85% year-on-year[12]. - The net profit after deducting non-recurring gains and losses was ¥211,285,360.91, a decrease of 45.20% compared to the previous year[12]. - The net cash flow from operating activities was ¥383,527,614.07, down 32.00% from the same period last year[12]. - Basic earnings per share were ¥0.18, a decline of 67.27% year-on-year[12]. - Total assets at the end of the reporting period were ¥17,649,728,928.95, a decrease of 1.53% from the end of the previous year[12]. - The net assets attributable to shareholders were ¥8,576,072,796.93, down 2.98% compared to the previous year[12]. - The gross profit margin for the company's operations was 25.42%, a decline of 4.37 percentage points year-on-year, but still maintained a relatively strong position in the industry[22]. - The company's revenue for the first half of 2024 was 2.392 billion yuan, a decrease of 25.44% year-on-year, with a net profit attributable to shareholders of 171 million yuan, down 67.85%[22]. Business Operations - The company is expanding into new business areas such as "light-storage-charging" renewable energy and smart logistics, in addition to its core cement and building materials business[17]. - The company has been focusing on the production and sales of cement clinker, cement, special cement, and concrete products[17]. - The company is also developing environmental protection businesses related to aggregate and cement kiln collaborative disposal[17]. - In the first half of 2024, the company produced 6.83 million tons of clinker, a year-on-year decrease of 7.59%, and 7.27 million tons of cement, down 2.97% year-on-year[21]. - The total sales volume of cement and clinker reached 9.29 million tons, a decline of 6.41% compared to the previous year[22]. - The average selling price of cement decreased by 19.72% year-on-year, while the average selling price of clinker dropped by 26.84%[21]. Research and Development - The company invested CNY 52.61 million in R&D, a decrease of 22.80% compared to CNY 68.15 million in the previous year, focusing on new technologies and energy-saving measures[32]. - The company has implemented measures to comply with stricter environmental policies, focusing on energy conservation and emissions reduction[53]. - The company plans to enhance energy efficiency and reduce costs through technological innovation and operational optimization[53]. Environmental Management - The company strictly adheres to environmental protection regulations and has obtained necessary environmental impact assessment approvals[65]. - The company is classified as a key pollutant discharge unit and complies with national and regional environmental standards[62]. - The company has established a regulatory framework for the co-disposal of solid waste in cement kilns, which is recognized as an important method for urban solid waste disposal[64]. - The company’s environmental management includes compliance with noise and wastewater discharge standards, ensuring operations meet regulatory requirements[62]. - The company reported a total emission of nitrogen oxides (NOx) at 621.531 tons, sulfur dioxide (SO2) at 12.573 tons, and particulate matter at 12.544 tons for the reporting period[66]. - The average emission concentration for NOx was 79.04 mg/m³, SO2 at 1.65 mg/m³, and particulate matter at 1.41 mg/m³, all compliant with the cement industry air pollution emission standards[66]. - The company has implemented dust collection systems across various production lines to minimize particulate emissions[68]. Financial Position - The company's cash and cash equivalents at the end of the reporting period were CNY 3,474,541,784.63, representing 19.69% of total assets, down from 22.53% at the end of the previous year[36]. - Long-term equity investments increased to CNY 1,073,192,377.88, accounting for 6.08% of total assets, due to new investments in joint ventures[36]. - The company's inventory stood at CNY 1,087,463,479.75, which is 6.16% of total assets, showing stability in raw materials and finished goods[36]. - The company's total liabilities amounted to CNY 8,364.51 million, slightly up from CNY 8,336.99 million at the end of the previous year[115]. - The company's total current assets were CNY 6,909.56 million, down from CNY 7,234.58 million at the end of the previous year[114]. - The company's total equity attributable to the parent company at the end of the reporting period is CNY 8,549,255,638.91, showing a decrease of CNY 211,611,638.57 compared to the previous period[124]. Shareholder Information - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[1]. - The company will not distribute cash dividends or issue bonus shares for the half-year period[56]. - The company plans to distribute a cash dividend of 4 RMB per 10 shares to shareholders, based on a total of 956,061,229 shares eligible for profit distribution after excluding repurchased shares[59]. - The second employee stock ownership plan includes 189 employees, holding a total of 6,918,720 shares, representing 0.71% of the company's total equity[57]. - The company has implemented an employee stock ownership plan that is expected to enhance employee motivation and operational efficiency[60]. Risks and Challenges - The company faces risks from macroeconomic slowdown affecting demand, with fixed asset investment and real estate market conditions being critical factors[52]. - The cement industry is experiencing overcapacity risks, which could negatively impact the company's performance if regulatory policies are not effectively implemented[52]. - The average cost of coal and electricity accounts for over 50% of the total production cost, posing a risk if coal prices rise significantly[53]. Corporate Governance - The company has established a governance structure involving the shareholders' meeting, board of directors, and supervisory board[140]. - The financial statements are prepared based on the going concern assumption and comply with the enterprise accounting standards[141]. - The company recognizes revenue based on its specific accounting policies, which are detailed in the financial notes[142].

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。 一、本次回购公司股份方案的基本情况及实施进展 甘肃上峰水泥股份有限公司（以下简称"公司"）于 2024 年 6 月 17 日召开 第十届董事会第三十次会议审议通过了《关于以集中竞价方式回购公司股份方案 的议案》，同意公司使用自有资金以集中竞价交易方式进行股份回购。本次回购 的资金总额不低于人民币 10,000 万元且不超过人民币 20,000 万元，回购价格不 超过人民币 10.40 元/股，回购期限为自公司董事会审议通过回购方案之日起 3 个月内。2024 年 6 月 19 日，公司公告了《关于回购公司股份的回购报告书》（公 告编号：2024-039），具体内容请详见于在《中国证券报》、《证券时报》、《证券 日报》及巨潮资讯网《www.cninfo.com.cn》披露的相关公告。 2024 年 6 月 20 日，公司通过回购专用证券账户首次以集中竞价交易方式实 施了回购股份，并于 2024 年 6 月 21 日公告了《关于首次回购公司股份暨实施情 况进展的公告》（公告编号：2024-041），公司根据《深圳证券 ...

证券代码：000672 证券简称：上峰水泥 公告编号：2024-057 甘肃上峰水泥股份有限公司 关于召开 2024 年第六次临时股东大会的通知 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。 一、召开会议的基本情况 1、股东大会届次：2024年第六次临时股东大会。 2、股东大会的召集人：甘肃上峰水泥股份有限公司（以下简称"公司"）第十 届董事会。 公司于2024年8月20日召开的第十届董事会第三十三次会议审议通过了《关 于提请召开公司2024年第六次临时股东大会的议案》，定于2024年9月6日下午 14:30时召开公司2024年第六次临时股东大会。 3、本次股东大会会议的召集、召开符合《中华人民共和国公司法》、《上市 公司股东大会规则》等有关法律、行政法规、部门规章、规范性文件和本公司章 程的规定。 4、会议召开的日期、时间： （1）现场会议召开时间： 2024年9月6日下午14:30时。 通过深圳证券交易所交易系统进行网络投票的时间为：2024年9月6日的交易 时间，即9:15-9:25，9:30-11:30和13:00-15:00。 通过互联网投票系统（ ...

证券代码：000672 证券简称：上峰水泥 公告编号：2024-055 甘肃上峰水泥股份有限公司 第十届董事会第三十三次会议决议公告 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。 甘肃上峰水泥股份有限公司（以下简称"公司"）第十届董事会第三十三次会 议于 2024 年 8 月 20 日上午 10:00 时以通讯表决方式召开。本次会议通知于 2024 年 8 月 15 日以通讯方式送达各位董事，会议应出席董事 9 名，实际出席董事 9 名(其中独立董事 3 名)，会议由公司董事长俞锋先生主持。本次会议的召集、召 开和表决符合《公司法》及《公司章程》的有关规定，合法有效。会议审议通过 了如下议案： 1 表决结果：同意票 9 张，反对票 0 张，弃权票 0 张，表决通过。 一、审议通过《关于公司新增对外担保额度的议案》； 公司全资子公司浙江上峰建材有限公司（以下简称"上峰建材"）之参股公 司新疆天峰投资有限公司（以下简称"新疆天峰"）因收购新疆博海水泥有限公 司 100%股权需要，经与相关金融机构商谈并达成意向，新疆天峰拟向中国银行 股份有限公司新疆维吾尔自治区分 ...

甘肃上峰水泥股份有限公司 关于公司新增对外担保额度的公告 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。 证券代码：000672 证券简称：上峰水泥 公告编号：2024-056 一、新增担保额度概述 甘肃上峰水泥股份有限公司（以下简称"公司"）全资子公司浙江上峰建材 有限公司（以下简称"上峰建材"）之参股公司新疆天峰投资有限公司（以下简 称"新疆天峰"，上峰建材持有其 30%股权）因收购新疆博海水泥有限公司 100% 股权需要，经与相关金融机构商谈并达成意向，新疆天峰拟向中国银行股份有限 公司新疆维吾尔自治区分行申请借款 59,619.00 万元,需上峰建材按持股比例为新 疆天峰提供连带责任保证担保，担保期限七年，具体以担保协议约定为准。 | 担保方 | 被担保方 | 担保方 持股比 | | | | 担保额 市公司 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 被担保方 | 截至目前 | 本次新增 | 度占上 | | | | | | 最近一期 | 担保余额 | 担保额度 | | 是否 ...

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [1][6]. Core Views - The report anticipates that the profitability of the cement industry will turn positive year-on-year in Q3 2024. The company expects a net profit attributable to shareholders of 160 to 180 million yuan in the first half of 2024, reflecting a year-on-year decline of 66.13% to 69.89%. The main reasons for the profit decline in the first half of 2024 are the drop in both sales volume and prices of cement products due to market imbalance. However, from June 2024, the price difference between cement and coal is expected to gradually recover, which may positively impact industry profitability [5][6]. Summary by Sections Financial Performance - The company's revenue for 2023 is projected at 6,397 million yuan, with a year-on-year decrease of 10.3%. The net profit is expected to be 744 million yuan, down 21.6% year-on-year. The earnings per share (EPS) for 2024 is estimated at 0.54 yuan, with a projected gross margin of 26.7% [7][10]. Business Strategy - The company is implementing a "one main, two wings" strategy, focusing on cement and building materials as the main business while expanding into aggregate, environmental logistics, and new economic investments. The company has significantly increased its fixed assets from 2.65 billion yuan in 2019 to 5.13 billion yuan in Q1 2024, with substantial growth in cement production capacity [5][6]. Shareholder Returns - The company has increased its dividend payout ratio to 51.4% in 2023 and announced a share buyback plan of 100 to 200 million yuan in June 2024, indicating a proactive approach to returning value to shareholders [6][10]. Valuation - The report estimates the company's EPS for 2024 to be 0.54 yuan, with a price-to-earnings (P/E) ratio of 14 to 16 times, suggesting a reasonable value range of 7.56 to 8.64 yuan per share [6][9].