按照《公司法》《证券法》《深圳证券交易所股票上市规则》等法律法规和 规范性文件以及公司章程、公司监事会议事规则的规定和要求，监事会对公司 2025 年第一季度报告进行了认真审核，并出具审核意见如下： 证券代码：000786 证券简称：北新建材 公告编号：2025-026 北新集团建材股份有限公司 第七届监事会第八次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 北新集团建材股份有限公司（以下简称"公司"）第七届监事会第八次会议 于 2025 年 4 月 24 日以现场结合通讯方式召开，现场会议地点为北京未来科学城 七北路 9 号北新中心 A 座 17 层会议室。会议通知于 2025 年 4 月 14 日以电子邮 件方式发出，本次会议应出席监事 3 人，实际出席 3 人。会议由监事会主席于月 华女士主持，符合相关法律、法规和规范性文件以及公司章程的有关规定。 会议经审议，以 3 票同意，0 票反对，0 票弃权审议通过了公司《2025 年第 一季度报告》。 公司 2025 年第一季度报告全文的内容和格式符合深圳证券交易所发布的规 范性文件的要求，报告所 ...

北新集团建材股份有限公司（以下简称"公司"）第七届董事会第八次会议 于 2025 年 4 月 24 日以现场结合通讯方式召开，现场会议地点为北京未来科学城 七北路 9 号北新中心 A 座 17 层会议室。会议通知于 2025 年 4 月 14 日以电子邮 件方式发出，本次会议应出席董事 8 人，实际出席 8 人。会议由董事长管理先生 主持，公司监事和高管人员等列席了会议，符合相关法律、法规和规范性文件的 规定。会议经过审议，表决通过了以下决议： 一、审议通过了《公司 2025 年第一季度报告》； 该议案已经公司董事会审计委员会审议通过。 该议案内容详见公司于 2025 年 4 月 25 日刊登在《中国证券报》《上海证券 报》《证券日报》《证券时报》、深圳证券交易所网站（网址：http://www.szse.cn） 及巨潮资讯网站（网址：http://www.cninfo.com.cn）的《2025 年第一季度报 告》。 该议案以 8 票同意，0 票反对，0 票弃权获得通过。 二、审议通过了《关于公司全资子公司北新涂料有限公司投资建设安徽安 庆年产 2 万吨工业涂料生产基地项目的议案》。 该议案已经公司董事会战 ...

Financial Performance - The company's revenue for Q1 2025 was CNY 6,246,258,743.71, representing a 5.09% increase compared to CNY 5,943,893,516.11 in the same period last year[5]. - Net profit attributable to shareholders was CNY 842,219,346.07, a 2.46% increase from CNY 821,978,143.33 year-on-year[5]. - Total operating revenue for the current period reached ¥6,246,258,743.71, an increase of 5.1% compared to ¥5,943,893,516.11 in the previous period[39]. - Net profit for the current period was ¥854,756,655.38, representing an increase of 3.3% from ¥829,292,612.08 in the previous period[40]. - Earnings per share (EPS) for the current period was ¥0.498, compared to ¥0.487 in the previous period, indicating a growth of 2.3%[40]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly to -CNY 221,504,774.88, a decline of 764.48% compared to -CNY 25,622,766.64 in the previous year[5]. - Cash and cash equivalents decreased by 43.09% to CNY 401,275,046.55, primarily due to reduced net cash flows from operating and financing activities[13]. - Operating cash flow for the current period was -221,504,774.88 CNY, a decline from -25,622,766.64 CNY in the previous period[41]. - The ending balance of cash and cash equivalents was 1,201,928,697.02 CNY, a decrease from 1,442,144,860.32 CNY year-over-year[42]. Assets and Liabilities - Total assets increased by 3.97% to CNY 36,533,574,783.4 from CNY 35,139,481,982.58 at the end of the previous year[5]. - Total liabilities rose to ¥8,786,181,085.15, up from ¥8,419,721,929.39, reflecting an increase of 4.4%[38]. - The company’s total inventory decreased to 2,389,444,610.44 CNY from 2,595,372,827.21 CNY, reflecting better inventory management[36]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 51,383[15]. - The largest shareholder, China National Building Material Group Corporation, holds 37.83% of shares, totaling 639,065,870 shares[15]. - The report indicates no related party transactions or concerted actions among the major shareholders[16]. - The company maintains a clear governance structure with no conflicts of interest among major shareholders[16]. Legal and Settlement Matters - North New Materials paid $500,000 to Lennar for a comprehensive settlement, while Taishan Gypsum paid $6 million to resolve claims[18]. - Taishan Gypsum agreed to pay $1,380,000 to Meritage for a full settlement, concluding the litigation against North New Materials and Taishan[20]. - Taishan reached a comprehensive settlement agreement in August 2019, agreeing to pay $248 million to resolve all claims from collective members, which includes known and unknown claimants[22]. - As of March 31, 2025, Taishan has incurred total legal fees and related costs of approximately ¥2.5 billion ($2.5 million) related to the ongoing litigation[23]. Investment and Project Updates - The company has invested a total of ¥204,067.49 million in fundraising projects as of March 31, 2025, with ¥2,581.45 million allocated for issuance costs[26]. - The construction project in Tianjin has achieved a completion rate of 98.96% with an investment of ¥15,500.06 million[26]. - The company has identified the R&D center construction project as a key initiative, aiming to develop energy-efficient and environmentally friendly building materials[28]. - The company has decided to shift focus from seven structural steel projects to two new building material bases in Jijiang and Fuping, aiming to enhance competitiveness in the gypsum board market[28]. Research and Development - Research and development expenses were ¥191,242,845.32, slightly down from ¥212,271,199.23, indicating a decrease of 9.9%[39]. - The company plans to enhance its market competitiveness in the gypsum board sector by focusing resources on core new building materials[31].

北新集团建材股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开 第七届董事会第八次会议，审议通过了《关于公司全资子公司北新涂料有限公司 投资建设安徽安庆年产 2 万吨工业涂料生产基地项目的议案》。 同意公司全资子公司北新涂料有限公司所属北新涂料（安庆）有限公司在安 徽省安庆市投资建设年产 2 万吨工业涂料生产基地项目。 该议案以 8 票同意，0 票反对，0 票弃权获得通过。 本次投资金额未超出有关法律法规、规范性文件及公司章程规定的董事会审 批权限，无需提交公司股东大会批准。 本次对外投资不构成关联交易，亦不构成《上市公司重大资产重组管理办法》 规定的重大资产重组。 二、投资项目基本情况 证券代码：000786 证券简称：北新建材 公告编号：2025-027 北新集团建材股份有限公司 对外投资公告 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。 一、对外投资概述 三、对外投资的目的、存在的风险和对公司的影响 项目工艺先进，符合国家、安徽省的产业政策和布局要求，符合安庆市大观 区环保涂料产业园的总体规划。项目建成后，将专注于生产工业装备、石油 ...

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 001212 | 中旗新材 | 10.00 | 7.90 | 2902.42 | | 600668 | 尖峰集团 | 9.97 | 7.34 | 2894.55 | | 600326 | 西藏天路 | 3.41 | 4.91 | 2315.79 | | 002457 | 青龙管业 | 2.67 | 9.27 | 2244.41 | | 600876 | 凯盛新能 | 10.04 | 2.72 | 2052.09 | | 000786 | 北新建材 | 1.35 | 0.52 | 1855.33 | | 300198 | 纳川股份 | 2.96 | 6.82 | 1081.24 | | 603737 | 三棵树 | 0.56 | 0.38 | 1014.57 | | 002043 | 兔宝宝 | 2.01 | 1.58 | 653.37 | | 600801 | 华新水泥 | 0.98 | 0.66 | 604.74 | | 300737 | 科顺股份 ...

Investment Rating - The industry investment rating is "Positive" and maintained [12]. Core Insights - The report highlights a narrowing decline in real estate data from the National Bureau of Statistics, emphasizing the importance of stable real estate policy expectations [5][21]. - Cement prices have slightly decreased, while glass inventory remains stable month-on-month [7][24]. - There is a focus on infrastructure and existing stock chains under the expectation of increased domestic demand, with investment opportunities in Africa being highlighted [9]. Summary by Sections Basic Situation - In March, the year-on-year decline in national commodity housing sales was 2.1% in terms of value and 3.0% in terms of area, with a smaller decline of 1.6% in value and 0.9% in area for March alone [5][6]. - The price index for new and second-hand homes in 70 cities fell by 0.1% and 0.2% respectively in March, with first-tier cities showing slight increases [5][6]. - The first quarter of 2025 saw a 24.4% year-on-year decline in new construction area, which narrowed to an 18.1% decline in March [6]. Cement Market - The national cement market price decreased, with a current average of 397.74 yuan/ton, down 3.55 yuan/ton month-on-month but up 35.65 yuan/ton year-on-year [25]. - The cement output rate in key regions was 48.5%, showing a slight month-on-month increase but a year-on-year decrease of about 2.0% [7][24]. - Cement production in the first quarter of 2025 saw a year-on-year decline of 1.4%, with a 2.5% increase in March [6]. Glass Market - The average price of glass was 74.99 yuan per weight box, with a slight month-on-month increase of 0.28 yuan [45]. - The total inventory of glass in monitored provinces was 5,624 million weight boxes, showing a slight increase from the previous week [44][45]. - The production capacity of float glass increased slightly, with 286 production lines and a daily melting capacity of 158,505 tons [44]. Investment Opportunities - The report recommends companies such as Huaxin Cement, Conch Cement, and China Liansu in the infrastructure chain, highlighting the potential for improved net profit due to lower coal costs [9]. - In the existing stock demand, companies like Sanke Tree and Beixin Building Materials are favored for their growth potential and low valuations [9]. - The report also points to investment opportunities in Africa, particularly in Keda Manufacturing, which has shown strong performance in overseas markets [9].

证券代码:000786 证券简称:北新建材 公告编号:2025-023 北新集团建材股份有限公司 关于 2024 年度第一期超短期融资券（科创票据） 兑付完成的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没 有虚假记载、误导性陈述或者重大遗漏。 北新集团建材股份有限公司（以下简称"公司"）于 2024 年 10 月 22 日发行了 2024 年度第一期超短期融资券（科创票据）（债券简 称:24 北新 SCP001（科创票据），债券代码:012483390.IB），本期 发行总额为人民币 10 亿元，发行利率 2.12%，起息日为 2024 年 10 月 23 日，兑付日为 2025 年 4 月 18 日，具体内容详见公司于 2024 年 10 月 25 日在公司选定信息披露媒体发布的《关于 2024 年度第一期 超短期融资券（科创票据）发行情况的公告》。 目前，公司已按期完成了上述 2024 年度第一期超短期融资券（科 创票据）的兑付，兑付本息合计人民币 1,010,280,547.95 元，由银 行间市场清算所股份有限公司划付至债券持有人指定账户。 特此公告。 北新集团建材股份有限公司 董事 ...

Investment Rating - The report indicates a positive outlook for the real estate sector, emphasizing its role in boosting domestic demand and stabilizing the market [1][12]. Core Insights - The real estate market is transitioning back to its residential function, with significant declines in new home sales and construction activities projected for 2022-2024 [1][12]. - The implementation of new policies on May 17, 2024, aims to support the real estate market, including adjustments to loan rates and down payment requirements [1][12]. - Infrastructure projects are also highlighted as key drivers of domestic demand, particularly in regions like Xinjiang and Guangxi, with significant investments underway [2][13]. - The "Belt and Road" initiative remains a focal point for international expansion, with ongoing collaborations between China and Vietnam to enhance infrastructure connectivity [2][13]. Summary by Sections Weekly Discussion - The report discusses the importance of real estate in stimulating domestic demand, noting a shift towards residential needs and a significant drop in key market indicators [1][12]. - It highlights the recent government meetings aimed at stabilizing the real estate market and the potential impact of new policies on housing loans [1][12]. Cyclical Linkage - Cement prices have shown a year-on-year increase, with the national average price at 395 RMB/t, while glass prices have also seen slight increases [3][14]. - The report notes a stable demand for aluminum and steel, with expectations for continued high supply levels [3][14]. National Subsidy Tracking - Various regions have successfully implemented consumer subsidies, such as Shanghai's 1.8 billion RMB for home appliance upgrades, significantly boosting sales [4][15]. - The report suggests focusing on companies related to subsidized products in the construction materials sector [4][15]. Important Developments - The report mentions the strengthening of the strategic partnership between China and Vietnam, along with significant stock purchases by major shareholders in various companies [5][16]. - It emphasizes the government's commitment to stabilizing the stock market and supporting the real estate sector [5][16]. Market Performance (April 14-18) - The construction materials index experienced a slight decline, with specific segments like refractory materials and pipes performing better than others [17]. Construction Material Price Changes - Cement prices have slightly decreased in certain regions, while glass prices have shown minor increases, indicating a mixed market response [29][39]. - The report provides detailed statistics on the pricing trends and inventory levels for various construction materials [29][39].

证券研究报告 | 行业周报 gszqdatemark 2025 04 20 年 月 日 建筑材料 关注内需刺激主线，等待政策落地 2025 年 4 月 14 日至 4 月 18 日建筑材料板块（SW）下跌 0.02%，其中 水泥（SW）下跌 0.09%，玻璃制造（SW）下跌 0.15%，玻纤制造（SW） 下跌 1.79%，装修建材（SW）上涨 0.73%，本周建材板块相对沪深 300 超额收益-0.38%。本期建筑材料板块（SW）资金净流入额为 0.02 亿元。 【周数据总结和观点】 本周国常会指出"要持续稳定股市，持续推动房地产市场平稳健康发展"， "扩大有效投资，大力提振民间投资积极性"等，后续内需刺激有望加码。 根据 wind 统计，2025 年 3 月地方政府债总发行量 9788.03 亿元，发行金 额同比 2024 年 3 月增长 55.5%，截至目前，2025 年一般债发行规模 0.47 万亿元，同比-0.10 万亿元，专项债发行规模 2.78 万亿元，同比+1.61 万 亿元。化债下加码政府财政压力有望减轻，企业资产负债表也存在修复的 空间，市政工程类项目有望加快推进，市政管网及减隔震实物工作量 ...

证券代码：000786 证券简称：北新建材 公告编号：2025-022 北新集团建材股份有限公司 2024 年年度股东大会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 特别提示： 1.本次股东大会未出现否决提案的情形。 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、会议召开和出席情况 （一）召开时间 （1）现场会议召开时间：2025 年 4 月 17 日(星期四)下午 14:30 （2）网络投票时间 ①通过深圳证券交易所交易系统投票的时间为 2025 年 4 月 17 日的交易时间， 即 9:15-9:25，9:30-11:30 和 13:00-15:00； 此外，公司董事、监事、高级管理人员、董事会秘书及公司聘请的律师等相 关人士出席或列席了本次会议。 本次股东大会的召集和召开程序符合《中华人民共和国公司法》《深圳证券 交易所股票上市规则》等法律、法规、规范性文件及公司章程的规定。 二、提案审议表决情况 ②通过深圳证券交易所互联网投票系统投票的时间为 2025 年 4 月 17 日上午 9:15-下午 15:00 期间的任意时间。 （二 ...