云铝股份 证券代码：000807 证券简称：云铝股份 公告编号：2025-015 云南铝业股份有限公司董事会 关于证券投资情况的专项说明 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。 根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指南第 1 号 ——业务办理》等有关规定的要求，云南铝业股份有限公司（以下简称"云铝股份"或"公 司"）对 2024 年度证券投资情况进行了认真核查，现将相关情况说明如下： 二、2024 年度证券投资损益情况 截止2024年末，公司全资子公司云铝国际持有中铝国际H股股票19,495,000股，公司采用 公允价值进行后续计量，公允价值变动形成的利得或损失确认为其他综合收益。截止2024年 12月31日，公司证券投资的具体明细情况如下表： 单位：人民币元 | 证券简称 | 最初投资成本 | 会计计 | 期初账面 | 计入权益的 本期公允价 | 本期 | 本期 | 报告 | 期末账面 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 量模式 ...

Financial Performance - In 2024, the total assets reached RMB 393.10 billion, an increase from RMB 393.10 billion in 2023[9] - The net profit attributable to shareholders for 2024 was RMB 44.12 billion, up from RMB 39.56 billion in 2023, representing a growth of 11.8%[9] - The operating revenue for 2024 was RMB 544.50 billion, an increase from RMB 426.69 billion in 2023, reflecting a growth of 27.6%[9] - The total profit for 2024 was RMB 59.72 billion, compared to RMB 55.44 billion in 2023, marking an increase of 7.1%[9] - The net cash flow from operating activities for 2024 was ¥6.95 billion, an 18.33% increase from ¥5.87 billion in 2023[6] - The total market capitalization of the company reached approximately 46.9 billion yuan, reflecting a year-on-year increase of 15%[65] - The company achieved a net profit of 4.412 billion yuan, a year-on-year increase of 11.40%, with earnings per share of 1.27 yuan, also up by 11.40%[65] Dividend Distribution - The total dividend distribution for 2024 is planned to be RMB 1,421,862,536.05, accounting for 32.23% of the net profit attributable to shareholders[5] - The company implemented a mid-term dividend plan in 2024, distributing RMB 2.3 per 10 shares, totaling RMB 797,630,203.15[4] - The company does not plan to increase capital reserves or issue bonus shares in the 2024 profit distribution[4] Sustainability and Green Initiatives - The company is focusing on new technologies such as photovoltaic power generation for aluminum production, enhancing its sustainability efforts[19] - The aluminum industry is undergoing a green transformation, with significant implications for production capacity and technological innovation[47] - The company has a green aluminum production capacity of 3.05 million tons, making it the largest green low-carbon aluminum supplier in China[51] - The company aims for the proportion of recycled metal supply to reach over 24% by the end of 2025, with the direct alloying ratio of aluminum water increased to over 90%[1] - By the end of 2025, the capacity of electrolytic aluminum above the benchmark energy efficiency level is expected to reach 30%[1] - The company has established a production structure where over 80% of its electricity consumption comes from clean energy by 2024, resulting in carbon emissions approximately 20% of that from coal-powered aluminum[58] - The company is committed to developing new products such as high-performance aluminum alloys for aerospace and automotive applications, enhancing its product differentiation[57] Research and Development - The company holds 837 valid patents, including 183 invention patents, demonstrating its strong focus on technological innovation[62] - The company developed 10 new alloy products and was granted 105 patents, including 16 invention patents and 15 international patents[69] - Research and development expenses increased by 14.70% to ¥227,104,135.36, primarily due to increased investment in energy-saving and consumption-reducing technologies[82] - The total R&D investment reached ¥1,850,608,720.43, reflecting a 21.22% increase compared to the previous year[85] - The number of R&D personnel increased by 13.38% to 2,101, with the proportion of R&D staff rising to 20.60%[84] Market Expansion and Strategy - The company is actively expanding its market presence in automotive lightweighting, aerospace, and defense industries, enhancing its competitive edge in green aluminum products[57] - The company is actively expanding its market presence in Southeast Asia and South Asia, leveraging the "Belt and Road" initiative and RCEP agreements[63] - The company is focused on enhancing operational efficiency and increasing production capacity, with a strategy to optimize product and market structure to achieve significant sales growth[117] - The company plans to leverage digital technology to improve operational efficiency and decision-making quality, including the development of AI-driven predictive models for production management[119] Risk Management - The company faces product price volatility risks, particularly for aluminum ingots and processed products, and has implemented strict inventory management to mitigate potential losses[125] - The company is exposed to raw material price fluctuations and supply stability risks, with measures in place to monitor market conditions and secure stable supply channels[126] - The company acknowledges risks related to electricity price adjustments and supply uncertainties, focusing on long-term contracts to manage costs effectively[127] - The company is actively responding to environmental risks by enhancing its management mechanisms and promoting ultra-low emissions and zero discharge initiatives[128] Governance and Compliance - The company’s governance structure complies with relevant laws and regulations, ensuring a sound operational framework and transparency in management[134] - The board of directors has established various committees to ensure effective governance and compliance with legal requirements[136] - The supervisory board is responsible for overseeing financial and operational activities, ensuring compliance and transparency in company operations[137] - The company maintains independence from its controlling shareholders in business operations, personnel, and financial management, ensuring a complete and independent business system[140] Employee and Management Changes - The company has a diverse management team with extensive experience in various sectors, including finance and engineering[166][167][168] - The company is focusing on expanding its management team with new appointments in early 2024, including a new secretary of the board[153] - The company has experienced significant turnover in its executive team, with multiple resignations due to work changes and term completions[154] - The company is committed to talent development to ensure sustainable growth, establishing competitive compensation and training systems for employee advancement[123] Financial Reporting and Transparency - The company is committed to transparency in its financial reporting and governance practices, aligning with regulatory standards[171] - The company’s information disclosure practices comply with relevant laws and regulations, ensuring transparency and protecting the rights of investors, especially minority shareholders[195] - The supervisory board confirmed that there were no violations of laws or regulations by the company's directors and senior management during their duties[188]

云铝股份 证券代码：000807 证券简称：云铝股份 公告编号：2025-011 云南铝业股份有限公司 关于 2024 年度利润分配预案的公告 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。 云南铝业股份有限公司（以下简称"云铝股份"或"公司"）于 2025 年 3 月 26 日召开 第九届董事会第十一次会议和第九届监事会第七次会议，审议通过了《关于 2024 年度利润分 配的预案》，该预案尚需提请公司 2024 年度股东大会审议，现将相关情况公告如下： 一、利润分配预案的基本情况 经安永华明会计师事务所（特殊普通合伙）审计，2024年度公司合并报表中归属于上市 公司股东的净利润为人民币4,411,670,800.53元；截止2024年12月31日，公司母公司期末可 供分配利润为人民币2,782,290,594.42元。 公司制定的2024年度利润分配预案为：以公司现有总股本3,467,957,405股为基数，向全 体股东每10股派发现金红利人民币1.8元（含税），共派发现金红利人民币624,232,332.90 元（含税）。本次分配不进行资本公积金转增股本， ...

Core Viewpoint - Northern Copper Industry has seen a significant increase in stock price, with the non-ferrous metal ETF fund (516650) experiencing over 10 million inflows in the past 10 days [1][3]. Group 1: Market Performance - As of March 24, 2025, the CSI Non-ferrous Metal Industry Theme Index (000811) rose by 1.55%, with Northern Copper Industry hitting the daily limit, Jiangxi Copper up by 5.72%, and Baotai Co. up by 5.13% [3]. - The non-ferrous metal ETF fund (516650) increased by 1.50% [3]. - Over the past two weeks, the non-ferrous metal ETF fund has accumulated a rise of 1.53% and a net subscription of 10.6644 million yuan [3]. Group 2: Fund Characteristics - The management fee for the non-ferrous metal ETF fund is 0.50%, and the custody fee is 0.10%, which are the lowest among comparable funds [3]. - The tracking error for the non-ferrous metal ETF fund over the past month is 0.005%, indicating the highest tracking precision among comparable funds [3]. Group 3: Index Composition - As of February 28, 2025, the top ten weighted stocks in the CSI Non-ferrous Metal Industry Theme Index account for 49.57% of the index, including Zijin Mining, China Aluminum, Northern Rare Earth, and others [4].

云铝股份 证券代码：000807 证券简称：云铝股份 公告编号：2025-007 云南铝业股份有限公司 关于召开 2024 年度业绩说明会的公告 召开方式：现场结合网络文字互动。 现场会议地点：上海市浦东新区长清北路 53 号中铝大厦南楼。 网络互动平台：全景网"投资者关系互动平台"（http://ir.p5w.net）。 三、参加人员 公司本次业绩说明会拟参加人员：公司总经理、财务总监兼董事会秘书、独立董事及证 券事务代表等（如存在特殊情况，公司将根据实际情况调整出席人员）。 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、误导性陈述或者重 大遗漏。 云南铝业股份有限公司（以下简称"云铝股份"或"公司"）将于 2025 年 3 月 27 日在 公司指定的信息披露媒体上披露公司《2024 年年度报告全文》及《2024 年年度报告摘要》， 为便于广大投资者进一步了解公司 2024 年年度报告及生产经营等情况，公司定于 2025 年 4 月 2 日（星期三）下午 16:45-18:00 以现场结合网络文字互动方式召开 2024 年度业绩说明会。 一、说明会类型 本次业绩说明会以现场结合网络 ...

| 公 | | | | | | | | | | 公司深度报告 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 司 |  | [Table_MainInfo] | | | | | | | | | | | | | | | | | 铝行业"绿色先锋"，业绩弹性有望释放 | | | | | | | 研 | | | | | | | | | ——云铝股份（000807）深度报告 | | | | 究 | 分析师： | 张珂 | | SAC NO： S1150523120001 年 3 月 | 12 | | 2025 | | | | 日 | | | [Table_Analysis] 有色金属——工业金属 | | | [Table_Summary] | | | | | | | | | | | | | 投资要点： | | | | | | | | | | 证券分析师 | | | | | | | | | | | | | | | |  铝行业"绿色先锋"，24 年公司业绩好转 | | | | | | | | | | [T ...

| 公 | | | | | | | | | | 公司深度报告 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 司 |  | [Table_MainInfo] | | | | | | | | | | | | | | | | | 铝行业"绿色先锋"，业绩弹性有望释放 | | | | | | | 研 | | | | | | | | | ——云铝股份（000807）深度报告 | | | | 究 | 分析师： | 张珂 | | SAC NO： S1150523120001 年 3 月 | 12 | | 2025 | | | | 日 | | | [Table_Analysis] 有色金属——工业金属 | | | [Table_Summary] | | | | | | | | | | | | | 投资要点： | | | | | | | | | | 证券分析师 | | | | | | | | | | | | | | | |  铝行业"绿色先锋"，24 年公司业绩好转 | | | | | | | | | | [T ...

Investment Rating - The industry investment rating is "Outperform the Market" [2][5] Core Viewpoints - The profitability of the electrolytic aluminum industry has significantly improved, with the average profit reaching 3,354.51 CNY/ton as of March 10, 2025, driven by a 5% increase in electrolytic aluminum prices and a 40% decrease in alumina prices [5] - The theoretical operating capacity of the electrolytic aluminum industry is at a high level of 43.6 million tons, with an operating rate of 96.5%, indicating limited room for further increases in production [5] - Demand for electrolytic aluminum is expected to rise in 2025, with a projected consumption of approximately 4.247 million tons, reflecting a recovery from the previous year's decline [5] - The price of alumina is anticipated to continue declining, which may further enhance the profitability of aluminum enterprises [5] - Investment recommendations include maintaining attention on the electrolytic aluminum industry, with specific stock picks such as Shenhuo Co., Yun Aluminum, China Hongqiao, and Tianshan Aluminum [5] Summary by Sections Market Performance - The report indicates a market performance trend for the non-ferrous metals sector, showing fluctuations in comparison to the CSI 300 index [3] Industry Demand and Supply - The electrolytic aluminum demand is projected to improve in 2025, with a recovery in sectors such as real estate and transportation [5] - The alumina production capacity is expected to increase significantly in 2025, potentially lowering costs for electrolytic aluminum production [5] Profitability and Cost Trends - The report highlights a notable improvement in profitability due to declining costs and favorable price movements in the electrolytic aluminum market [5]

云铝股份 证券代码：000807 证券简称：云铝股份 公告编号：2025-006 云南铝业股份有限公司 2025 年第一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.现场会议召开时间为：2025 年 3 月 7 日（星期五）上午 10:00 2.网络投票时间为：2025 年 3 月 7 日上午 09:15-下午 15:00 其中，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 3 月 7 日上午 09:15-09:25，09:30-11:30 和下午 13:00-15:00；通过深圳证券交易所互联网投票系统投票 的具体时间为：2025 年 3 月 7 日上午 09:15-下午 15:00。 （二）现场会议召开地点：云南铝业股份有限公司（以下简称"云铝股份"或"公司"） 一楼会议室。 （三）会议召开方式：本次股东大会采用现场表决与网络投票相结合的方式。公司通过 深圳证券 ...

云南海合律师事务所 见证意见书 云南海合律师事务所 关于云南铝业股份有限公司 2025 年第一次临时股东大会的 见 证 意 见 书 海合综（2025）第【41】号 云南铝业股份有限公司： 依照贵公司与本所签订的《常年法律顾问服务合同》，本所 指派郭晓龙、周张悦律师出席贵公司于 2025 年 3 月 7 日召开 的 2025 年第一次临时股东大会（以下简称：本次大会）。本所 律师基于对本次大会的现场见证，依据《公司法》、《证券法》、 《上市公司股东大会规则》等法律、法规的规定，按照《律师 事务所从事证券法律业务管理办法》和《律师事务所证券法律 业务执业规则（试行）》，就本次大会的相关事项发表见证意见 如下： 一、本次大会的召集及通知 本次大会系贵公司 2025 年第一次临时股东大会，由贵公司 董事会召集。贵公司董事会召集本次大会的书面通知于 2025 年 2 月 18 日刊登在《中国证券报》、《证券时报》、《证券日报》 及巨潮资讯网上。会议通知中列明了本次大会的基本情况、议 地址：昆明市五华区新闻路云报大厦 8 楼 电话：0871-63636121 _______________________________ ...