2025 年 8 月 25 日 1 葫芦岛锌业股份有限公司 2025 年半年度财务报告 一、审计报告 葫芦岛锌业股份有限公司 2025 年半年度财务报告 葫芦岛锌业股份有限公司 2025 年半年度财务报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：葫芦岛锌业股份有限公司 2025 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 | 1,773,167,181.18 | 1,526,610,426.95 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | 816,530.00 | 3,010,680.00 | | 应收票据 | | | | 应收账款 | 364,753,215.35 | 284,230,290.06 | | 应收款项融资 | 111,871,957.49 | 84,103,593.89 | | 预付款项 | 810,272,523.25 ...

Financial Performance - The company's operating revenue for the first half of 2025 was approximately ¥8.91 billion, representing a 23.92% increase compared to ¥7.19 billion in the same period last year[19]. - The net profit attributable to shareholders was approximately ¥62.65 million, a significant increase of 99.07% from ¥31.47 million in the previous year[19]. - The net profit after deducting non-recurring gains and losses was approximately ¥55.34 million, up 158.48% from ¥21.41 million year-on-year[19]. - The basic earnings per share doubled to ¥0.04 from ¥0.02 in the same period last year, indicating strong earnings growth[19]. - The company reported a net cash flow from operating activities of approximately -¥142.25 million, a decline of 138.46% compared to ¥369.86 million in the previous year[19]. - The weighted average return on equity increased to 1.75%, up from 0.88% in the previous year[19]. - The company's operating revenue for the current period reached ¥8,913,492,002.26, representing a year-on-year increase of 23.92% compared to ¥7,192,870,089.37 in the previous year[40]. - The operating cost increased to ¥8,577,140,807.42, reflecting a 24.00% rise from ¥6,916,959,092.02 in the same period last year[40]. - The company achieved a gross margin of 3.77% for the overall operating revenue, slightly down from the previous year's margin[43]. Assets and Liabilities - The company's total assets increased by 8.98% to approximately ¥9.78 billion from ¥8.97 billion at the end of the previous year[19]. - Cash and cash equivalents increased to ¥1,773,167,181.18, representing 18.13% of total assets, up from 17.01% last year, a change of 1.12%[45]. - Accounts receivable rose to ¥364,753,215.35, accounting for 3.73% of total assets, an increase of 0.56% from the previous year[45]. - Inventory decreased to ¥3,806,674,233.60, now 38.92% of total assets, down by 2.85% compared to last year[45]. - Short-term borrowings increased to ¥3,341,050,860.93, which is 34.16% of total liabilities, up from 31.09% last year, a rise of 3.07%[46]. - Total liabilities increased to ¥6,165,107,798.18 from ¥5,421,622,041.30, a rise of approximately 13.7%[123]. Market and Industry Position - The zinc industry in China continues to grow, with significant demand from construction, automotive, and infrastructure sectors expected to persist[25]. - The company emphasizes its competitive advantage in the zinc supply chain, benefiting from the growth of downstream industries in China[25]. - The company has a strong position in the non-ferrous metal industry, with significant capabilities in production capacity, scale, equipment, and technology[31]. - The company has actively developed emerging markets to enhance procurement and sales, maintaining a leading position in zinc sales[33]. - The demand for copper is expected to grow due to investments in new infrastructure and renewable energy sectors in China[28]. Strategic Focus and Future Plans - The company plans not to distribute cash dividends or issue bonus shares, focusing on reinvestment strategies[4]. - The company plans to enhance risk prediction and strategic response capabilities to address macroeconomic fluctuations and market demand changes[61]. - The company aims to optimize product structure and develop high-end products to strengthen brand competitiveness in the metal smelting industry[62]. - The company plans to focus on market expansion and new product development in the upcoming quarters[130]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its portfolio[146]. Research and Development - Research and development investment dropped by 94.78% to ¥530,510.57, primarily due to reduced R&D expenditures in the first half of the year[40]. - R&D expenses for the first half of 2025 amounted to ¥530,510.57, compared to ¥7,536,453.98 in the first half of 2024, indicating a significant decrease[132]. - The company has initiated research and development for new products, aiming to innovate and capture additional market share[146]. Risk Management and Compliance - The company engaged in hedging activities related to raw materials and main products, with a focus on risk management to mitigate price fluctuations in the commodity market[55]. - The company has not experienced any violations regarding external guarantees during the reporting period[76]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[75]. - The company has established multiple communication channels for investors to ensure their rights and access to information[71]. Corporate Social Responsibility - The company donated 150,000 yuan to support education in Liaoning Province during the reporting period[72]. - The company has included two subsidiaries in the environmental information disclosure list[69]. - The company has implemented measures to reduce energy consumption and emissions through process upgrades and system improvements[72]. - The company has actively engaged in employee welfare activities, including training and support during extreme weather conditions[72]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 121,422[109]. - The largest shareholder, Zhongye Huludao Nonferrous Metal Group Co., Ltd., holds 20.59% of shares, totaling 332,602,026 shares[109]. - The second-largest shareholder, Huludao Hongyue Group Co., Ltd., holds 12.74% of shares, totaling 205,761,316 shares[109]. - The company did not undergo any changes in its controlling shareholder during the reporting period[113]. Financial Instruments and Accounting - The company recognizes financial assets or liabilities when it becomes a party to a financial instrument contract[191]. - Financial assets are classified at initial recognition based on the business model and cash flow characteristics, including amortized cost and fair value categories[192]. - The company measures expected credit losses for financial instruments based on the risk of default, using a weighted average of potential credit losses[199]. - Financial instruments are categorized into three stages based on credit risk: Stage 1 for low risk, Stage 2 for significant risk increase, and Stage 3 for credit impairment[200].

Group 1 - The company reported a revenue of 8.913 billion yuan for the first half of 2025, representing a year-on-year increase of 23.92% [1] - The net profit for the same period was 62.6537 million yuan, showing a significant year-on-year growth of 99.07% [1] - The company announced that it will not distribute cash dividends, issue bonus shares, or increase capital from reserves [1]

专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股 CFO数据报告》显示，2024年A股上市公司财务总监（CFO）群体薪酬规模合计达42.70亿元，平均年薪 为81.48万元。 在葫芦岛锌业股份的财务室，60岁的张俊廷正演绎着传统工业最沉默的坚守。2024年，这位最高龄梯队 的大专学历财务总监年薪定格在62.04万元，与A股CFO平均薪酬（81.48万元）相差24%。更引人注目的 是，2021-2024连续4年薪酬62万元保持不变的罕见记录——当公司归母净利暴跌76%，这位有色行业老 将以日薪2481.6元（时薪310元）的代价，为156亿营收筑起财务防线。 | 截止日期 | | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | | --- | --- | --- | --- | --- | --- | --- | | 报告 ...

Core Viewpoint - Zinc Industry Co., Ltd. (000751) has stated that it is currently not involved in any investment planning for mining activities [1] Group 1 - The company responded to investor inquiries on July 29 via an interactive platform [1]

Core Viewpoint - Zinc Industry Co., Ltd. (000751) anticipates an annual production of approximately 6 tons of indium by 2025, contingent on the input of raw materials [1] Group 1: Production and Market Insights - The production of indium is classified as a comprehensive recovery product, with its output directly influenced by the quantity of raw materials brought in [1] - The market price for indium has consistently remained above 2000 RMB per kilogram since last year, indicating a stable pricing environment [1] - The company plans to actively monitor the market price and trends of indium to seize sales opportunities and maximize profitability [1]

Group 1 - The metal zinc concept increased by 1.84%, ranking 7th among concept sectors, with 32 stocks rising, including Zhongse Co. and Zinc Industry Co. which hit the daily limit [1] - The leading gainers in the zinc sector included Feinan Resources, Xiyu Co., and Xinweiling, with increases of 4.39%, 3.92%, and 3.61% respectively [1] - The stocks with the largest declines were Dazhong Mining, *ST Zhengping, and ST Shengtun, which fell by 2.95%, 1.82%, and 1.39% respectively [1] Group 2 - The metal zinc concept saw a net inflow of 569 million yuan from main funds, with 16 stocks receiving net inflows, and 6 stocks exceeding 50 million yuan in net inflow [2] - Zhongse Co. led the net inflow with 294 million yuan, followed by Zijin Mining, Zinc Industry Co., and Xingye Silver Zinc with net inflows of 108 million yuan, 92 million yuan, and 71 million yuan respectively [2] - The net inflow ratios for Zhongse Co., Zinc Industry Co., and Zhejiang Fu Holdings were 34.26%, 23.22%, and 16.27% respectively [3] Group 3 - The top stocks in the zinc concept based on net inflow included Zhongse Co. with a daily increase of 9.95% and a turnover rate of 7.38%, and Zinc Industry Co. with a daily increase of 9.97% and a turnover rate of 8.11% [3][4] - Other notable stocks included Hunan Baishan with a 2.42% increase and a turnover rate of 13.08%, and Western Mining with a 1.30% increase and a turnover rate of 1.73% [4] - The stocks with the largest negative net inflows included Dazhong Mining and *ST Zhengping, with declines of 2.95% and 1.82% respectively [5]

Group 1: Market Performance - As of July 18, the copper metal concept increased by 1.97%, ranking 6th among concept sectors, with 60 stocks rising, including Jin Yuan Co., Huahong Technology, and Zinc Industry Co., which hit the daily limit [1] - The top gainers in the copper sector included Huaxin Environmental, which rose by 15.05%, followed by Naipu Mining and Jintian Co., which increased by 5.05% and 5.04% respectively [1] Group 2: Capital Flow - The copper metal concept saw a net inflow of 1.011 billion yuan from main funds, with 38 stocks receiving net inflows, and 8 stocks exceeding 50 million yuan in net inflow [2] - The leading stock in terms of net inflow was Zhongse Co., with a net inflow of 294 million yuan, followed by Huahong Technology, Jin Yuan Co., and Zijin Mining, with net inflows of 150 million yuan, 114 million yuan, and 108 million yuan respectively [2] Group 3: Stock Performance - Jin Yuan Co., Zhongse Co., and Zinc Industry Co. had the highest net inflow ratios, at 45.14%, 34.26%, and 23.22% respectively [3] - The top stocks in the copper sector based on daily performance included Zhongse Co. with a 9.95% increase, Huahong Technology with a 9.98% increase, and Jin Yuan Co. also with a 9.98% increase [4]

Group 1 - The metal zinc concept index declined by 0.08%, ranking among the top declines in the concept sector, with major declines seen in companies such as Dazhong Mining, *ST Zhengping, and Shengda Resources [1] - Among the 17 stocks that rose, ST Shengtun, Huayu Mining, and Guocheng Mining had the highest increases of 2.76%, 2.38%, and 2.15% respectively [1] - The metal zinc concept sector experienced a net inflow of 0.36 billion yuan, with 21 stocks seeing net outflows, and 8 stocks with outflows exceeding 10 million yuan [2] Group 2 - The top net outflow was from ST Shengtun, with a net outflow of 48.91 million yuan, followed by Xiyang Co., Baiyin Nonferrous, and Yuguang Gold & Lead with outflows of 29.36 million yuan, 24.32 million yuan, and 18.51 million yuan respectively [2] - The leading stocks for net inflow included Zijin Mining, Shanjin International, and Western Mining, with net inflows of 1.09 billion yuan, 60.22 million yuan, and 25.12 million yuan respectively [2][3] - The trading volume and performance of various companies in the metal zinc sector were highlighted, with ST Shengtun showing a decline of 2.76% and a turnover rate of 3.44% [3]

葫芦岛锌业股份有限公司 董事会议事规则 （经 2025 年第一次临时股东大会审议通过） 第一条 宗旨 为了进一步规范本公司董事会的议事方式和决策程序，促使董事和董事会有 效地履行其职责，提高董事会规范运作和科学决策水平，根据《公司法》、《证 券法》、《上市公司治理准则》和《深圳证券交易所股票上市规则》等有关规定， 制订本规则。 第二条 董事会办公室 董事会下设董事会办公室，处理董事会日常事务。 董事会秘书或者证券事务代表兼任董事会办公室负责人，保管董事会和董事 会办公室印章。 第四条 定期会议的提案 在发出召开董事会定期会议的通知前，董事会办公室应当充分征求各董事的 意见，初步形成会议提案后交董事长拟定。 董事长在拟定提案前，应当视需要征求经理和其他高级管理人员的意见。 第五条 临时会议 有下列情形之一的，董事会应当召开临时会议： 1 （一）代表十分之一以上表决权的股东提议时； （二）三分之一以上董事联名提议时； （三）审计委员会提议时； （四）董事长认为必要时； （五）过半数独立董事提议时； （六）经理提议时； （七）证券监管部门要求召开时； （八）本公司《公司章程》规定的其他情形。 第六条 临时会议的提议 ...