内蒙古博源化工股份有限公司 章 程 【经公司 2025 年 10 月 17 日召开的 2025 年第三次临时股东大会审议通过。】 二○二五年十月十七日 | 第一章 | 总则 . | | --- | --- | | 第二章 | 经营宗旨和范围 | | 第三章 | 股份 | | 第一节 | 股份发行 . | | 第二节 | 股份增减和回购 | | 第三节 | 股份转让 . | | 第四章 股东和股东会 5 | | | 第一节 | 股东的一般规定 . | | 第二节 | 控股股东和实际控制人 . | | 第三节 | 股东会的一般规定 9 | | 第四节 | 股东会的召集 11 | | 第五节 | 股东会的提案与通知 13 | | 第六节 | 股东会的召开 14 | | 第七节 | 股东会的表决和决议 | | 第五章 董事和董事会 21 | | | 第一节 董事的一般规定 21 | | | 第二节 | 董事会 | | 第三节 | 独立董事 30 | | 第四节 | 董事会专门委员会 . | | 第六章 高级管理人员 . | | | 第七章 财务会计制度、利润分配和审计 36 | | | 第一节 | 财务会计制度 36 ...

内蒙古博源化工股份有限公司 证券代码：000683 证券简称：博源化工 公告编号：2025-083 除上述更正内容外，《公司章程（2025 年 10 月修订）》的其他内容不变。 本次更正后的《公司章程（2025 年 10 月修订）》已同时在巨潮资讯网 （www.cninfo.com.cn）进行披露。 公司对本次更正给投资者带来的不便深表歉意，今后公司将以此为鉴，不断 提高信息披露质量。 特此公告。 内蒙古博源化工股份有限公司董事会 二〇二五年十月三十一日 1 关于《公司章程》更正的公告 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。 内蒙古博源化工股份有限公司（以下简称公司）于 2025 年 10 月 18 日在巨 潮资讯网（www.cninfo.com.cn）披露了《公司章程（2025 年 10 月修订）》。 经公司核查发现，因工作人员失误，《公司章程（2025 年 10 月修订）》中公司 已发行的股份数有误，需要更正。具体内容更正如下： | | 更正前 | | | 更正后 | | | --- | --- | --- | --- | --- | --- | ...

Group 1: Coal Industry Insights - In Q3 2025, the proportion of coal stocks in actively managed funds decreased to 0.30%, indicating a low level of investment in the coal sector, which is at its lowest since 2008 [4][5][6] - Coal prices have been recovering, with the price of thermal coal reaching 770 RMB/ton by October 24, 2025, marking a new high for the year [6] - The coal mining industry is expected to maintain upward price trends due to seasonal demand and supply constraints from production regulations, with long-term price increases driven by rising operational costs and regulatory pressures [6] Group 2: Easy Point Technology - In Q3 2025, Easy Point Technology reported a revenue of 9.8 billion RMB, a year-on-year increase of 46.8%, driven by the growth of its programmatic advertising platform [10] - The company’s gross margin decreased to 13.06%, primarily due to rising traffic acquisition costs and increased R&D and sales expenses [10][11] - The programmatic advertising platform has seen significant growth, with daily ad requests reaching 220 billion, and the company is investing heavily in R&D to enhance its service capabilities [11][12] Group 3: Amway Corporation - Amway reported a revenue of 16.79 billion RMB in the first three quarters of 2025, a year-on-year decrease of 6.8%, with net profit declining by 19.2% [14][15] - The company is optimizing its product structure and expanding into emerging markets, with a focus on maintaining strong relationships with global clients like Nike and Adidas [17] - Despite challenges, Amway is seeing improvements in its operational performance, particularly in its Vietnam operations [16][18] Group 4: Nanjing Bank - Nanjing Bank achieved a revenue of 419.49 billion RMB in Q3 2025, reflecting an 8.79% year-on-year growth, with net profit increasing by 8.06% [19][20] - The bank's total assets reached 2.96 trillion RMB, a 14.31% increase from the previous year, with a notable growth in corporate loans [20] - The bank's non-performing loan ratio improved to 0.83%, indicating a strengthening of its asset quality [21] Group 5: Linglong Tire - Linglong Tire reported a revenue of 181.61 billion RMB in the first three quarters of 2025, a 13.87% increase, although net profit fell by 31.81% due to rising raw material costs [22][24] - The company’s tire production and sales volumes increased, with a focus on expanding its global footprint through its "7+5" strategy [27][28] - Linglong Tire is positioned as a leader in the domestic market and is actively pursuing international expansion, including a significant investment in Brazil [27][29] Group 6: Wuxi Bank - Wuxi Bank's revenue grew by 3.87% year-on-year in the first three quarters of 2025, with a net profit increase of 3.78% [30][31] - The bank's loan growth exceeded 10%, with a significant increase in corporate loans, indicating strong demand for financing [31] - The non-performing loan ratio remained stable at 0.78%, reflecting effective risk management practices [32] Group 7: China Aluminum - China Aluminum reported a revenue of 1,765 billion RMB in the first three quarters of 2025, with a net profit increase of 20.65% [33][34] - The company benefited from lower costs and rising prices for aluminum and alumina, contributing to improved profitability [34][35] - Production volumes for key products increased, supporting the overall positive performance of the company [34] Group 8: Jin Zai Food - Jin Zai Food achieved a revenue of 18.08 billion RMB in the first three quarters of 2025, with a slight increase of 2.05%, while net profit declined by 19.51% [37][38] - The company’s Q3 revenue growth of 6.55% indicates a recovery in its core product lines, although profitability remains under pressure due to increased costs [38][39] - Jin Zai Food is focusing on quality and new product development to enhance its market position [39] Group 9: China Coal Energy - China Coal Energy reported a revenue of 1,105.8 billion RMB in the first three quarters of 2025, a decrease of 21.2%, with net profit down by 14.6% [40][41] - The company’s Q3 performance improved due to rising coal prices and cost reductions, with a notable increase in profit margins [41] - The coal production and sales volumes showed resilience despite price pressures, indicating operational efficiency [41]

基础化工/化学原料 数据来源：聚源 相关研究报告 《Q2 业绩超预期，天然碱项目或打开 公司成长空间—公司信息更新报告》 -2025.8.10 《天然碱成本优势渐显，看好公司新 建项目成长性—公司信息更新报告》 -2025.4.29 《Q3 投资收益环比大幅增长，公司业 绩 超 预 期 — 公 司 信 息 更 新 报 告 》 -2024.10.30 博源化工（000683.SZ） Q3 业绩符合预期，公司拟现金收购银根矿业股权 2025 年 10 月 29 日 投资评级：买入（维持） | 日期 | 2025/10/28 | | --- | --- | | 当前股价(元) | 6.50 | | 一年最高最低(元) | 7.08/4.72 | | 总市值(亿元) | 241.72 | | 流通市值(亿元) | 216.02 | | 总股本(亿股) | 37.19 | | 流通股本(亿股) | 33.23 | | 近 3 个月换手率(%) | 116.45 | 股价走势图 -32% -16% 0% 16% 32% 2024-10 2025-02 2025-06 博源化工 沪深300 | 金益腾（分析师） | 张晓锋 ...

Group 1: Financial Performance - In the first nine months of 2025, the company produced a total of 7.9854 million tons of various products, including 5.2619 million tons of soda ash, 1.1721 million tons of sodium bicarbonate, and 1.3496 million tons of urea [3] - The company achieved a total operating revenue of 8.656 billion yuan, a decrease of 16.54% compared to the same period last year [3] - Net profit for the period was 1.551 billion yuan, with attributable net profit to shareholders of 1.062 billion yuan, reflecting a decline of 41.15% year-on-year [3] - The weighted average return on net assets was 7.22%, and earnings per share stood at 0.29 yuan [3] - As of the end of the reporting period, total assets amounted to 39.308 billion yuan, with total equity of 19.588 billion yuan [3] - The asset-liability ratio increased to 50.17%, up 4.86 percentage points from the beginning of the year [3] Group 2: Project Updates and Future Outlook - The second phase of the Yingen Mining project is expected to be completed by the end of 2025, with production ramp-up anticipated in the first quarter of 2026 [3] - The carbon recovery and comprehensive utilization project for 1.2 million tons of sodium bicarbonate is currently under construction, expected to be completed by mid-2026 [3] - The company has no current plans to inject remaining minority shareholder rights from Yingen Mining into the listed company [4] - The company maintains profitability in its two urea plants and has no plans to divest from the urea business [4] - The arbitration case regarding Mengda Mining is still pending, with an estimated provision for liabilities of 1.149 billion yuan [4] - Future dividend distributions will be determined based on profitability, strategic development needs, and shareholder returns [4] Group 3: Market Conditions and Industry Trends - The synthetic alkali method is currently experiencing losses, but there are no significant signs of capacity exit in the market [4] - The industry recognizes the need to eliminate outdated soda ash production capacity for sustainable development, but key policies and market forces are required to catalyze this change [4] - Non-recurring losses of over 60 million yuan were primarily due to fair value losses on equity holdings in Inner Mongolia Bank and Ordos Bank [4]

| 研究所： | | | --- | --- | | 证券分析师： | 李永磊 S0350521080004 | | | liyl03@ghzq.com.cn | | 证券分析师： | 董伯骏 S0350521080009 | | | dongbj@ghzq.com.cn | | 证券分析师： | 杨丽蓉 S0350524090008 | | | yanglr@ghzq.com.cn | 2025 年 10 月 29 日 公司研究 评级：买入(维持) [Table_Title] 拟提高银根矿业持股比例，看好公司未来成长 ——博源化工（000683）2025 年三季报点评 最近一年走势 | 相对沪深 | 300 表现 | | 2025/10/28 | | --- | --- | --- | --- | | 表现 | 1M | 3M | 12M | | 博源化工 | 4.0% | 9.6% | 5.4% | | 沪深 300 | 3.1% | 13.4% | 18.4% | | 市场数据 | 2025/10/28 | | --- | --- | | 当前价格（元） | 6.50 | | 52 周价格区间（元） | ...

Investment Rating - The report maintains an "Outperform" rating for the company [1] Core Insights - The company reported Q3 results that met expectations, with a revenue of 8.656 billion yuan for the first three quarters of 2025, reflecting a year-on-year decrease of 16.54%. The net profit attributable to the parent company was 1.062 billion yuan, down 41.15% year-on-year [6] - The company plans to acquire a 10.6464% stake in Yingen Mining for 2.726 billion yuan, which will increase its ownership from 60% to 70.6464%. This acquisition is expected to strengthen its position in the natural soda ash market [6] - The natural soda ash industry is currently facing price declines, but the company demonstrates resilience in profitability due to its cost advantages in natural soda production [6] Financial Data and Profit Forecast - Total revenue for 2025 is projected at 12.325 billion yuan, with a year-on-year decrease of 7.1%. The net profit attributable to the parent company is expected to be 1.521 billion yuan, down 16% year-on-year [5] - The company’s gross margin for Q3 2025 was 31.85%, a decrease of 7.09 percentage points year-on-year, while the net profit margin was 17.27%, down 8.39 percentage points year-on-year [6] - The company’s earnings per share for 2025 is estimated at 0.41 yuan, with a projected PE ratio of 15 [5]

展望后市，中国银河证券表示，政策方面，近期高层审议通过"十五五"规划建议稿，市场聚焦"十五 五"改革方向。"十五五"政策预期下，建议关注以下四条投资主线。一是，行业自律反内卷，建议关注 涤纶长丝、有机硅、农药等板块；二是，政策引导落后产能退出，建议关注炼化、纯碱等板块；三是， 延链强链补链，建议关注氟化工、改性塑料、PEEK等板块；四是，扬帆出海，建议关注钾肥、轮胎等 板块。 图片及数据来源：沪深交易所等，截至2025年10月28日。风险提示：化工ETF被动跟踪中证细分化工产 业主题指数，该指数基日为2004.12.31，发布日期为2012.4.11，指数成份股构成根据该指数编制规则适 时调整。数据显示，细分化工指数近5个完整年度收益率分别为2020年：51.68%；2021年：15.72%； 2022年：-26.89%；2023年：-23.17%；2024年：-3.83%。标的指数成份股构成根据该指数编制规则适时 调整，其回测历史业绩不预示指数未来表现。文中指数成份股仅作展示，个股描述不作为任何形式的投 资建议，也不代表管理人旗下任何基金的持仓信息和交易动向。基金管理人评估的该基金风险等级为 R3-中风险， ...

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company achieved an operating revenue of 8.656 billion yuan, representing a year-on-year decrease of 16.54% [1] - The net profit attributable to shareholders was 1.062 billion yuan, down 41.15% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.128 billion yuan, a decrease of 37.08% year-on-year [1] - The basic earnings per share stood at 0.29 yuan [1]

每经头条（nbdtoutiao）——拉1人入伙返1500元，投10万元成亿万富翁？这家公司大肆宣传将房产海外 代币化，有交了钱的人称是"牙签撬动地球" （记者 王晓波） 每经AI快讯，博源化工（SZ 000683，收盘价：6.2元）10月27日晚间发布公告称，根据公司聚焦天然碱 主业的战略发展需要，为强化公司资源掌控，增加公司归母净利润，增强公司盈利能力，公司拟以约 27.26亿元现金收购博源工程、铜陵和生合计持有的银根矿业约10.65%股权。本次交易完成后，公司持 有银根矿业股权的比例将由60%提高至约70.65%。2025年10月27日，公司分别与博源工程、铜陵和生签 署了《股权转让协议》。 2025年1至6月份，博源化工的营业收入构成为：纯碱和小苏打占比72.89%，尿素占比25.08%，非金属 矿采选业占比1.56%，其他业务占比0.46%。 截至发稿，博源化工市值为231亿元。 ...