广西粤桂广业控股股份有限公司 债务风险防控管理办法 （经2025年10月27日召开的第九届董事会第四十一次会议审议通过） 第一章 总 则 第一条 为完善广西粤桂广业控股股份有限公司（以下简 称"公司"）债务风险防控机制，有效防范债务风险，结合公 司实际，制定本办法。 第二条 本办法适用于公司及下属全资、控股企业（以 下简称"下属企业"），参股企业参照执行。 第三条 本办法所称"债务风险"，是指企业在经营过程 中，由于各种因素导致无法按时清偿债务，从而可能引发的 一系列经济、经营和法律上的风险。 第二章 组织领导与职责权限 第四条 公司党委加强对债务风险防控工作的领导，充分 发挥党委"把方向、管大局、保落实"作用，将债务风险防控 重大工作纳入研究讨论事项范围，落实党委对涉及风险管理重 大事项决策的把关定向职责。 第五条 公司董事会就债务风险防控管理工作有效性向出 资人、股东会负责，在债务风险防控工作中发挥"定战略、作 决策、防风险"作用，包括但不限于以下职责： （一）确定债务风险防控总目标、总策略； （二）审议批准公司整体债务风险防控体系相关制度； （三）根据授权审议批准公司整体年度融资计划及债券融 资方案； ...

（一）发出会议通知的时间和方式：2025 年 10 月 17 日通过书 面送达和电子邮件方式通知各位董事。 （二）召开会议的时间、方式：2025 年 10 月 27 日；通讯表决 方式。 （三）会议应参加表决董事 9 人，成员有：于怀星、卢勇滨、芦 玉强、曾琼文、李茂文、王韶华、胡咸华、刘祎、李爱菊，实际参加 表决的董事 9 人。 证券代码：000833 证券简称：粤桂股份 公告编号：2025-065 广西粤桂广业控股股份有限公司 第九届董事会第四十一次会议决议公告 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 1 （二）审议通过《关于制定<广西粤桂广业控股股份有限公司债 务风险防控管理办法>的议案》 详见同日披露在巨潮资讯网上的《广西粤桂广业控股股份有限公 司债务风险防控管理办法》。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 三、备查文件 （四）本次会议的召集、召开和表决程序符合《公司法》和《公 司章程》的有关规定。 二、董事会会议审议情况 （一）审议通过《关于<2025 年第三季度报告>的议案》 该事项董事会审计委员会 ...

Core Insights - The company reported a third-quarter revenue of 784 million, representing a year-on-year increase of 15.57% [1] - The net profit for the third quarter was 209 million, showing a significant year-on-year growth of 134.64% [1] - For the first three quarters, the total revenue reached 2.144 billion, which is a 6.08% increase compared to the same period last year [1] - The net profit for the first three quarters was 444 million, reflecting a year-on-year growth of 97.48% [1]

Financial Performance - Q3 2025 revenue reached ¥784,399,164.10, an increase of 15.57% year-over-year[5] - Net profit attributable to shareholders was ¥209,438,558.37, up 134.64% compared to the same period last year[5] - Basic earnings per share increased to ¥0.2612, reflecting a growth of 134.64% year-over-year[5] - Total revenue for the period reached CNY 2,143,548,720.11, an increase from CNY 2,020,614,889.76 in the previous period, representing a growth of approximately 6.1%[17] - The net profit for the current period is 438,243,411.38 CNY, a significant increase from 220,478,379.29 CNY in the previous period, representing a growth of approximately 98.8%[19] - The operating profit for the current period is 525,502,744.91 CNY, compared to 285,412,225.07 CNY in the previous period, indicating an increase of about 84.2%[19] - The total comprehensive income for the current period is 438,243,411.38 CNY, up from 220,478,379.29 CNY, reflecting a growth of approximately 98.8%[19] - Basic and diluted earnings per share for the current period are both 0.5534 CNY, compared to 0.2802 CNY in the previous period, marking an increase of about 97.5%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,390,408,632.01, a 10.98% increase from the end of the previous year[5] - Total assets increased to CNY 6,390,408,632.01 from CNY 5,758,322,257.88, representing a growth of about 11.0%[16] - Total liabilities rose to CNY 2,228,778,879.90 from CNY 1,940,127,206.32, an increase of approximately 14.9%[16] - The company's equity attributable to shareholders increased to CNY 3,903,205,853.31 from CNY 3,555,087,011.67, reflecting a growth of about 9.8%[16] - Long-term borrowings increased to CNY 717,737,733.03 from CNY 559,512,767.38, a rise of approximately 28.3%[16] Cash Flow - Cash and cash equivalents at the end of the period were CNY 829,141,351.60, down from CNY 1,006,918,629.87 at the beginning of the period, a decline of approximately 17.6%[14] - Cash flow from operating activities for the current period is 354,576,066.05 CNY, an increase from 257,736,419.56 CNY in the previous period, representing a growth of approximately 37.5%[20] - Cash flow from investing activities shows a net outflow of 462,041,711.81 CNY, worsening from a net outflow of 290,088,779.13 CNY in the previous period[20] - Cash flow from financing activities results in a net outflow of 70,280,041.25 CNY, an improvement from a net outflow of 331,026,688.69 CNY in the previous period[20] Operational Metrics - The weighted average return on equity was 5.43%, an increase of 2.86% compared to the previous year[5] - The company reported a net profit margin improvement due to reduced operating costs, although specific margin percentages were not disclosed in the provided data[17] - Total operating costs decreased to CNY 1,615,057,544.97 from CNY 1,742,988,667.56, reflecting a reduction of about 7.3%[17] - Management expenses increased to 175,974,941.93 CNY from 150,686,413.81 CNY, reflecting a rise of approximately 16.8%[19] - Research and development expenses for the current period are 44,357,387.09 CNY, up from 40,836,736.30 CNY, indicating an increase of about 12.3%[19] Accounts Receivable and Liabilities - Accounts receivable increased by 504.04% compared to the beginning of the period, primarily due to increased credit sales[11] - Accounts receivable increased significantly to CNY 45,840,057.54 from CNY 7,588,851.70, marking a rise of about 504.5%[14] - Contract liabilities rose by 222.77%, mainly due to an increase in advance customer payments[11] Other Income and Expenses - Other income increased by 420.65%, primarily driven by increased customer penalty income[11] - Investment income decreased by 111.30%, mainly due to losses from associated companies[11] - The company reported a 502.81% increase in asset impairment losses, primarily due to high costs of phosphate fertilizer and phosphate rock exceeding their recoverable amounts[11]

Market Performance - The Shanghai Composite Index rose by 1.18% on October 27, with 28 industries experiencing gains, led by the communication and electronics sectors, which increased by 3.22% and 2.96% respectively [1] - The comprehensive industry ranked third in terms of daily gains, while the media, food and beverage, and real estate sectors saw declines of 0.95%, 0.20%, and 0.11% respectively [1] Capital Flow - The main capital flow showed a net outflow of 136 million yuan across the two markets, with 12 industries experiencing net inflows [1] - The electronics industry had the highest net inflow of 6.112 billion yuan, followed by the non-ferrous metals sector with a net inflow of 2.529 billion yuan and a daily increase of 2.39% [1] - The power equipment industry faced the largest net outflow of 3.354 billion yuan, followed by the automotive sector with a net outflow of 2.176 billion yuan [1] Comprehensive Industry Analysis - The comprehensive industry increased by 2.68% with a total net inflow of 315 million yuan, comprising 16 stocks, of which 9 rose and 1 hit the daily limit [2] - The top net inflow stock in the comprehensive industry was Dongyangguang, with an inflow of 246 million yuan, followed by Zhangzhou Development and Teli A with inflows of 105 million yuan and 2.114 million yuan respectively [2] - The stocks with the highest net outflows included Yueda Investment, Yuegui Co., and Nanjing Xinbai, with outflows of 36.744 million yuan, 25.488 million yuan, and 11.875 million yuan respectively [2]

Core Viewpoint - Yuegui Co., Ltd. is intensifying its investment in the mining sector by acquiring mining rights for a quartzite mine, which is expected to enhance its resource reserves and production capacity [1][2]. Group 1: Mining Rights Acquisition - Yuegui's subsidiary, Jingyuan Mining, won the bidding for the Lianzhou Fanbeichong quartzite mine with a starting price of 219 million yuan, securing mining rights valid for 20 years [1][2]. - The mine has a mining reserve of 18.163 million cubic meters, primarily consisting of quartz for glass production [1][2]. Group 2: Financial Performance - In the first half of 2025, Yuegui's mining sector generated revenue of 538 million yuan, accounting for 39.6% of the company's total revenue [1][2]. - The company has maintained strong profitability, with net profit increasing for eight consecutive quarters since Q4 2023 [1][5]. - For the first three quarters of 2025, the projected net profit is between 420 million and 470 million yuan, representing a year-on-year growth of 86.87% to 109.11% [5]. Group 3: Business Diversification - Yuegui operates in various sectors, including sugar production, paper manufacturing, and chemical industries, with mining being its primary revenue source [1][4]. - The company is also focusing on extending its industrial chain, particularly in the sulfur iron mining sector, to enhance profitability [2][4].

Core Viewpoint - The article summarizes significant announcements from various listed companies in the Shanghai and Shenzhen stock markets, highlighting potential investment opportunities and risks based on recent developments and financial performance. Group 1: Company Announcements - Tianpu Co., Ltd. warns that its stock price has significantly deviated from its fundamentals, with a cumulative increase of 246.02% from August 22 to October 22, indicating a potential for rapid decline [4] - Shenzhen Sanda A plans to sell stakes in several subsidiaries to focus on its core business, including 80% of Zhongdian Continental Environmental Technology [5][6] - Zhongchong Co., Ltd. received an administrative regulatory measure from the Shandong Securities Regulatory Bureau for failing to announce a significant change in shareholding [7] - Construction Machinery has reported a net loss of 447 million yuan for the first half of 2025, marking three consecutive years of losses [8] - Junshi Biosciences announced that its subsidiary passed a recent FDA inspection, indicating compliance with CGMP standards [9] Group 2: Financial Performance - Duofuduo reported a net profit increase of 407.74% year-on-year for the first three quarters of 2025, with a revenue of 6.73 billion yuan [17] - Weihuaxincai achieved a net profit growth of 250.04% year-on-year in Q3, with revenues of 660 million yuan [18] - Guangdong Jianke reported a net profit increase of 190.62% year-on-year for the first three quarters, despite a revenue decline [19] - Xianggang Technology reported a net profit increase of 186.19% year-on-year for the first three quarters, with revenues of 742 million yuan [20] - Defu Technology reported a net profit increase of 132.63% year-on-year for the first three quarters, driven by increased copper foil sales [21] Group 3: Major Transactions and Investments - Tangrenshen plans to establish two investment funds with a total investment of 11.04 million yuan to focus on the agricultural sector [13] - Farsen intends to sell a 10% stake in Bekaert Steel Cord, constituting a major asset restructuring [14] - Shikong Technology plans to acquire 100% of Jiahe Jingwei, entering the storage sector [15] - Jiangsu New Energy's controlling shareholder is investing in offshore wind power projects and will manage the project companies [11][12] Group 4: Shareholder Actions - Qianyuan Pharmaceutical's shareholder plans to reduce its stake by up to 3% [42] - Zhengfan Technology's board members plan to collectively reduce their holdings by up to 1.88% [43]

Group 1: Company Performance - China Unicom reported a 1.0% increase in revenue to 292.985 billion yuan for the first three quarters of 2025, with a net profit of 8.772 billion yuan, up 5.2% year-on-year [1] - Tonghuashun's third-quarter revenue reached 1.481 billion yuan, a 56.72% increase, with a net profit of 704 million yuan, up 144.5% year-on-year [2] - Duofu Du achieved a net profit of 78.054 million yuan for the first three quarters, a significant increase of 407.74% compared to the previous year [11] - Wehua New Materials reported a third-quarter net profit of 25.384 million yuan, a 250.04% increase year-on-year [12] - Xianggang Technology's net profit for the first three quarters grew by 186.19% to 95.471 million yuan [13] Group 2: Stock and Market Activity - Tianpu Co. warned of potential rapid declines in stock price due to a 246.02% increase since August 22, indicating a significant deviation from the company's fundamentals [3] - Deep Sanda A announced plans to sell stakes in several subsidiaries to focus on core business operations [4] - Jiangsu New Energy's controlling shareholder plans to invest in offshore wind power projects and will manage the projects through the company [10] Group 3: Regulatory and Compliance Issues - Zhongchong Co. received an administrative regulatory decision from the Shandong Securities Regulatory Bureau for failing to announce a significant change in shareholding [5] - Two consecutive years of losses were reported by Lianban Construction Machinery, prompting a risk warning for investors [6] Group 4: Corporate Developments - Junshi Biosciences' subsidiary passed a CGMP inspection by the FDA, marking its second successful inspection [8] - Xinguang Optoelectronics announced the lifting of restrictions on its chairman, allowing him to resume normal duties [9] - Defu Technology plans to invest an additional 1 billion yuan in special copper foil production facilities [30]

Group 1 - Tianpu Co., Ltd. warns that its stock price has significantly deviated from its fundamentals, with a potential for rapid decline after a 246.02% increase from August 22 to October 22 [3] - Shenzhen Sanda A plans to sell stakes in several subsidiaries to focus on its core business, including 80% of Zhongdian Intercontinental Environmental Technology [4] - Zhongchong Co., Ltd. received an administrative regulatory measure from the Shandong Securities Regulatory Bureau for failing to announce a significant change in shareholding [5] Group 2 - Construction Machinery has reported a net loss for three consecutive years, with a net profit of -447 million yuan for the first half of 2025 [6] - Junshi Biosciences' subsidiary passed a CGMP inspection by the FDA, indicating compliance with manufacturing standards [7] - Xinguang Optoelectronics announced the lifting of detention measures against its chairman, indicating normal operations [8] Group 3 - Jiangsu New Energy's controlling shareholder plans to invest in offshore wind power projects and will manage the project companies through the listed company [10] - Duofluorid's net profit for the first three quarters increased by 407.74%, with a revenue of 6.729 billion yuan [12] - Weihuaxin Materials reported a 250.04% increase in net profit for the third quarter, with revenue of 223 million yuan [13] Group 4 - Xianggang Technology's net profit for the first three quarters increased by 186.19%, with a revenue of 742 million yuan [14] - Defu Technology's net profit increased by 132.63% in the first three quarters, with a revenue of 8.5 billion yuan [15] - Taishan Petroleum reported a 112.32% increase in net profit for the first three quarters, with a revenue of 2.395 billion yuan [16] Group 5 - Kaisheng New Materials reported a 121.56% increase in net profit for the first three quarters, with a revenue of 774 million yuan [17] - Guangku Technology's net profit increased by 106.61% in the first three quarters, with a revenue of 998 million yuan [18] - Xinong Co., Ltd. reported a 105.68% increase in net profit for the third quarter, with a revenue of 837 million yuan [19] Group 6 - Mairande's net profit increased by 36.71% in the third quarter, with a revenue of 103 million yuan [20] - ST Nuotai reported a 26.92% increase in net profit for the first three quarters, with a revenue of 1.527 billion yuan [21] - Anke Rui's net profit increased by 21.31% in the first three quarters, with a revenue of 837 million yuan [22] Group 7 - Weisheng Information reported a 12.24% increase in net profit for the first three quarters, with a revenue of 2.112 billion yuan [23] - Action Education plans to distribute a cash dividend of 5 yuan per 10 shares, with a net profit increase of 10.39% [24] - Henghui Security reported a 12.85% decrease in net profit for the first three quarters, with a revenue of 880 million yuan [25] Group 8 - China Shipbuilding Han Guang reported a 9.44% decrease in net profit for the first three quarters, with a revenue of 875 million yuan [26] - Sichuan Chengyu's subsidiary signed a sand and gravel supply contract worth up to 100 million yuan [28][29] - Yuegui Co., Ltd.'s subsidiary signed a mining rights transfer contract for a quartz rock mine with a reserve of 18.163 million cubic meters [30]

证券代码：000833 证券简称：粤桂股份 公告编号：2025-064 广西粤桂广业控股股份有限公司 关于公司全资子公司晶源矿业签署非油 气采矿权出让合同的自愿性信息披露公告 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、取得采矿权的基本情况 广西粤桂广业控股股份有限公司（以下简称"公司"）下属全资子 公司广东粤桂晶源矿业有限公司（下称"晶源矿业"），于 2025 年 9 月 24 日通过清远市公共资源交易平台自然资源交易系统参与了公开 竞拍活动，公司以起拍价¥21,923.82 万元（大写：贰亿壹仟玖佰贰拾 叁万捌仟贰佰元整）竞得连州市反背冲石英岩矿采矿权（以下简称"本 采矿权"），并取得了《竞价结果通知书》。详见公司于 2025 年 9 月 5 日披露于巨潮资讯网的《关于公司全资子公司参与竞拍采矿权的自 愿性信息披露公告》（公告编号：2025-056）。2025 年 9 月 29 日， 晶源矿业办理成交确认手续并取得清远市政务服务中心出具的《采矿 权挂牌出让成交确认书》。2025 年 9 月 22 日，晶源矿业按《采矿权 挂牌出让公告》（清政务矿挂出 ...