云铝股份 证券代码：000807 证券简称：云铝股份 公告编号：2024-056 云南铝业股份有限公司 第九届董事会第八次会议决议公告 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。 一、董事会会议召开情况 （一）云南铝业股份有限公司（以下简称"云铝股份"或"公司"）第九届董事会第 八次会议通知于 2024 年 12 月 2 日（星期一）以书面、传真或电子邮件的方式发出。 （二）会议于 2024 年 12 月 12 日（星期四）以通讯方式召开。 （三）会议应出席董事 10 人，实际出席董事 10 人。 （四）公司第九届董事会第八次会议的召开符合《公司法》、《证券法》、《深圳证 券交易所股票上市规则》和云铝股份《公司章程》等有关规定。 二、董事会会议审议情况 会议以通讯表决方式审议通过了以下议案： （一）《关于补选王际清先生为公司董事的预案》 鉴于焦云先生已辞去公司董事职务，根据工作需要，经公司董事会提名委员会进行资 格审查，公司董事会同意提名王际清先生为公司第九届董事会非独立董事候选人，并同意 提交公司股东大会选举，任期自股东大会选举通过之日起至第九届董事会届 ...

云铝股份 2024 年 12 月 11 日，云南铝业股份有限公司（以下简称"云铝股份"或"公司"）董 事会收到焦云先生以书面形式提交的辞职报告。因工作变动，焦云先生辞去公司董事职务， 辞任后不再担任公司任何职务。根据《公司法》、云铝股份《公司章程》等有关规定，焦 云先生的辞职报告自送达董事会之日起生效。焦云先生的辞职未导致公司董事会成员人数 低于法定最低人数，其辞职不会影响公司董事会的正常运行。 截止本公告披露日，焦云先生持有公司股份 5,000 股，焦云先生承诺，将严格遵守《上 市公司董事、监事和高级管理人员所持本公司股份及其变动管理规则》以及《深圳证券交 易所上市公司自律监管指引第 18 号——股东及董事、监事、高级管理人员减持股份》等 法律法规中有关上市公司离任董事减持股份的规定。 焦云先生担任公司董事期间，恪尽职守，勤勉尽责，公司董事会对焦云先生表示衷心 感谢！ 特此公告。 云南铝业股份有限公司董事会 证券代码：000807 证券简称：云铝股份 公告编号：2024-055 云南铝业股份有限公司 关于董事辞职的公告 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 ...

云铝股份 证券代码：000807 证券简称：云铝股份 公告编号：2024-059 云南铝业股份有限公司 关于召开 2024 年第三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 性陈述或者重大遗漏。 一、召开会议的基本情况 （一）股东大会届次：2024 年第三次临时股东大会 （二）股东大会的召集人：云南铝业股份有限公司（以下简称"云铝股份"或"公司"） 董事会。 2024 年 12 月 12 日召开的第九届董事会第八次会议审议通过了《关于召开 2024 年第三 次临时股东大会的议案》。 （三）会议召开的合法、合规性：本次股东大会会议的召集、召开符合《公司法》、《证 券法》及中国证监会、深圳证券交易所相关规章、指引及云铝股份《公司章程》的规定和要 求。 （四）会议召开的日期、时间： 1.现场会议召开时间为：2024 年 12 月 30 日（星期一）上午 10:00 2.网络投票时间为：2024 年 12 月 30 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：2024 年 12 月 30 日上 午 09:15- ...

1.拟聘任的会计师事务所名称：安永华明会计师事务所（特殊普通合伙）（以下简称"安 永华明"）。 2.原聘任的会计师事务所名称：普华永道中天会计师事务所（特殊普通合伙）（以下简称 "普华永道中天"）。 3.变更会计师事务所的原因：云南铝业股份有限公司（以下简称"云铝股份"或"公司"） 综合考虑未来业务发展以及审计服务的需要，拟改聘安永华明为公司 2024 年度财务审计机构 和内部控制审计机构。 4.公司本次变更会计师事务所事项符合财政部、国务院国资委、证监会印发的《国有企业、 上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号）的规定。 云铝股份 证券代码：000807 证券简称：云铝股份 公告编号：2024-057 云南铝业股份有限公司 关于拟变更会计师事务所的公告 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、误导性陈述或者重 大遗漏。 特别提示： 云铝股份于 2024 年 12 月 12 日召开第九届董事会第八次会议，会议审议通过了《关于变 更会计师事务所的预案》，拟改聘安永华明为公司 2024 年度财务审计机构和内部控制审计机 构。现将有关事项公告如下： 一、拟变更会计 ...

云铝股份 证券代码：000807 证券简称：云铝股份 公告编号：2024- 054 云南铝业股份有限公司 关于变更持续督导保荐代表人的公告 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"）于近日收到中信建投证券 股份有限公司（以下简称"中信建投证券"）出具的《关于变更云南铝业股份有限公司持续 督导保荐代表人的函》。 中信建投证券系公司 2021 年非公开发行股票项目的保荐机构，并承接了公司 2019 年非 公开发行股票的持续督导工作，持续督导期至 2022 年 12 月 31 日止。鉴于公司募集资金尚未 使用完毕，中信建投证券继续履行募集资金相关的持续督导职责。 中信建投证券委派保荐代表人李彦芝女士、王逐原先生负责公司持续督导工作。王逐原 先生因工作调整，不再负责公司的持续督导工作。为保证公司持续督导工作的有序进行，中 信建投证券授权王明超先生（简历详见附件）接替王逐原先生担任公司的持续督导保荐代表 人，继续履行持续督导职责。 本次保荐代表人变更后，公司负责持续督导的保荐代表人为李彦芝女士、王明超先生。 ...

Investment Rating - The report maintains a "Buy" rating for Yun Aluminum Co., Ltd. (000807) with a target price of 14.81 [1][11]. Core Insights - The company has significantly improved its capacity utilization, leading to growth in cash flow [1][3]. - For the first three quarters of 2024, the company reported revenue of 39.19 billion yuan, a year-on-year increase of 31.7%, and a net profit attributable to shareholders of 3.82 billion yuan, up 52.5% year-on-year [2][3]. - The report highlights a strong performance in the third quarter, with revenue of 14.54 billion yuan, a year-on-year increase of 20.2% and a quarter-on-quarter increase of 9.4% [2][3]. Summary by Sections Financial Performance - The company achieved a revenue of 39.19 billion yuan in the first three quarters of 2024, with a net profit of 3.82 billion yuan, reflecting a year-on-year growth of 31.7% and 52.5% respectively [2][3]. - The third quarter results showed a revenue of 14.54 billion yuan, with a net profit of 1.30 billion yuan, indicating a year-on-year increase of 31.4% [2][3]. Production and Capacity - The production volumes for the first three quarters of 2024 were as follows: alumina at 1.073 million tons, carbon products at 599,000 tons, primary aluminum at 2.148 million tons, and aluminum alloys and processed products at 910,000 tons, with primary aluminum showing a significant year-on-year increase of 26.3% [3]. - The report notes that the company has accelerated the resumption of primary aluminum production due to improved power supply conditions in Yunnan province, resulting in a noticeable increase in capacity utilization [3]. Cost and Profitability - The overall expense ratio for the first three quarters was 1.28%, a decrease of 0.18 percentage points year-on-year, maintaining a low level [3]. - The gross profit margin for the first three quarters was 14.65%, down 0.39 percentage points year-on-year, with the third quarter margin at 13.58%, reflecting a decline due to pressure on both costs and selling prices [3]. Financial Health - As of the end of the third quarter of 2024, the company reported a cash balance of 8.20 billion yuan, an increase of 4.23 billion yuan year-on-year, and a low debt-to-asset ratio of 25.0% [3]. - The company’s long-term and short-term borrowings were 2.27 billion yuan and 30 million yuan respectively, showing a decrease compared to the previous year [3]. Future Outlook - The report maintains profit forecasts for 2024-2026, expecting net profits attributable to shareholders to be 4.87 billion yuan, 5.41 billion yuan, and 5.84 billion yuan respectively [3]. - The long-term development trend of the company is viewed positively, supporting the "Buy" rating [3].

Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for future performance [1][5]. Core Insights - The company reported significant year-on-year growth in its Q3 2024 results, with revenue reaching 39.186 billion yuan, up 31.67%, and net profit attributable to shareholders at 3.82 billion yuan, up 52.49% [2]. - The increase in production capacity utilization for electrolytic aluminum, along with rising prices driven by demand for aluminum in new energy applications, contributed to the company's strong performance [3]. - The report anticipates a recovery in electrolytic aluminum profit margins as alumina prices are expected to decline in 2025 due to improved supply conditions [4]. - The company is well-positioned within the green aluminum supply chain, benefiting from limited new capacity in the electrolytic aluminum sector and a steady demand growth of approximately 1.5% annually [4][5]. Financial Forecasts and Valuation - Revenue projections for the company are set at 53.743 billion yuan for 2024, with a net profit forecast of 4.891 billion yuan, reflecting a year-on-year growth of 23.63% [5]. - The report provides earnings per share (EPS) estimates of 1.41 yuan for 2024, with a price-to-earnings (P/E) ratio of 8.44 [1][5]. - The company's financial metrics indicate a strong growth trajectory, with net profit expected to reach 6.620 billion yuan by 2026 [5].

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company's Q3 performance showed a sequential increase in production, but the decline in aluminum prices impacted overall performance [4] - For the first three quarters of 2024, the company achieved operating revenue of 39.19 billion yuan, a year-on-year increase of 32%, and a net profit attributable to shareholders of 3.82 billion yuan, a year-on-year increase of 52% [3] - The report highlights that the increase in primary aluminum production has positively contributed to performance despite the challenges posed by falling aluminum prices and rising alumina prices [4] Summary by Sections Financial Performance - In Q3 2024, the company reported operating revenue of 14.54 billion yuan, a quarter-on-quarter increase of 9% and a year-on-year increase of 20% [3] - The net profit attributable to shareholders for Q3 was 1.30 billion yuan, a quarter-on-quarter decrease of 4% but a year-on-year increase of 31% [3] - The primary aluminum production for the first three quarters reached 2.148 million tons, a year-on-year increase of 26.32% [4] Market Data - As of October 28, 2024, the current stock price is 14.81 yuan, with a 52-week price range of 9.73 to 16.19 yuan [4] - The total market capitalization is approximately 51.36 billion yuan [4] Production and Sales - The report indicates that the production of electrolytic aluminum has further increased in Q3 2024, with a significant quarter-on-quarter rise in primary aluminum production [4] - The company achieved a primary aluminum production of 797,000 tons in Q3, reflecting an 11.7% increase from the previous quarter [4] Price Trends - The average price of aluminum in Q3 2024 decreased by 4.7%, while the price of alumina increased by 6.9%, affecting the company's performance [4] - In Q4, both aluminum and alumina prices have shown an upward trend, with increases noted as of October 28, 2024 [4] Earnings Forecast and Valuation - The forecast for operating revenue from 2024 to 2026 is 49.3 billion, 52.2 billion, and 54.7 billion yuan respectively, with net profits expected to be 4.907 billion, 5.531 billion, and 6.160 billion yuan [4] - The estimated EPS for the same period is projected to be 1.42, 1.60, and 1.78 yuan, with corresponding P/E ratios of 10.47, 9.29, and 8.34 times [4]

Investment Rating - The investment rating for the company is "Buy" (maintained) as of October 29, 2024 [2]. Core Views - The company has fully released its primary aluminum production, which contributes to profit elasticity. The green aluminum production demonstrates investment value [2][4]. - The company achieved a net profit attributable to shareholders of 3.82 billion yuan in Q3 2024, reflecting a year-on-year increase of 31.67% [1][2]. - The average market price of electrolytic aluminum in Q3 2024 was approximately 19,600 yuan per ton, a decrease of 975 yuan per ton compared to the previous quarter [3]. Production and Financial Performance - In the first three quarters of 2024, the company produced 214.8 million tons of primary aluminum, a year-on-year increase of 26.32% [3]. - The company’s revenue for the first three quarters of 2024 was 39.186 billion yuan, a year-on-year increase of 52.49% [2]. - The company’s net profit for 2024 is projected to be 4.944 billion yuan, with a year-on-year growth of 25.0% [5]. Production Capacity and Green Energy - The company has a large-scale green aluminum production capacity of 3.05 million tons, with approximately 80% of its electricity sourced from green energy [4]. - The carbon emissions from green aluminum production are about 20% of those from coal-powered aluminum production, highlighting its competitive advantage [4]. Financial Projections - The projected earnings per share (EPS) for 2024 is 1.43 yuan, with estimates of 1.63 yuan and 1.69 yuan for 2025 and 2026 respectively [5]. - The company’s price-to-earnings (P/E) ratio is expected to decrease from 8.8 in 2024 to 7.4 in 2026, indicating potential undervaluation [5].

我们是非常荣幸的邀请到了云锐股份的领导现在王总来跟大家分享一下公司三季度的经营情况包括公司近期的一些变化那下面我们有请王总王总您这边可以发言了好的感谢咱们明升正剑感谢咱们这个线上参加我们这个云锐股份单机报这个交流会的各位投资者这个这个我们是从晚披露的这个单机报 昨晚披露的三级暴雨就是我们在整个的一个工作的情况 整个的这个三季度的情况就是还是就是我们也今年前三季度我还是抓住了这个副产的这个这个契机嘛就是这个供电形式好转的契机然后召开了副产竞争整个的这个在三季度实现了满负荷增产然后我们的整个的也同时的话我们也抓好了这个啊全数对标和这个降就是降本身上的各项措施和各项的这个各项的生产经营的各个过程然后包括各方面费用的控制的话都起到了 较好的作用然后整体的经营情况就持续向好包括经济技术的指标持续的优化持续的优化对我们的工作也起到了很好的促进作用大体就是这个情况然后嘛未来的话我们也会这个继续继续这个思路然后按照年度规定的生产经营计划确保我们完成年初规定的生产经营计划然后以有有较好的这个较好的经营业绩合法度是怎么大体这个情况 好 谢谢 感谢王总非常简要的介绍王总我先问两个因为昨天两个的三级报出来过以后很多投资关心的问题第一 ...