亚钾国际投资（广州）股份有限公司 亚钾国际投资（广州）股份有限公司 独立董事 2024 年度述职报告 （独立董事 赵天博） 作为亚钾国际投资（广州）股份有限公司（以下简称"公司"或"上市公司"） 第八届董事会的独立董事，2024年本人严格按照《公司法》、《深圳证券交易所 上市公司自律监管指引第1号——主板上市公司规范运作》、《上市公司独立董 事管理办法》等法律法规和《公司章程》的有关规定，诚信、勤勉、忠实地履行 职责，积极出席公司2024年度召开的相关会议，认真审议董事会各项议案，并对 相关事项发表独立、客观、审慎的意见，切实维护了公司的利益及股东尤其是中 小股东的合法权益。现就本人2024年度履行职责情况述职如下： | （一）出席股东大会和董事会的情况 | | --- | | | | 董事会会议出席情况 | | | 股东大会出席情况 | | | --- | --- | --- | --- | --- | --- | --- | | 应出 席次 | 实际出席 | 委托出席 | 缺席 | 是否连续两次未亲自 | 应出席次 | 实际出 | | | 会议次数 | 次数 | 次数 | 出席会议 | 数 | 席次数 | ...

独立董事 2024 年度述职报告 亚钾国际投资（广州）股份有限公司 亚钾国际投资（广州）股份有限公司 （独立董事 杨运杰） 作为亚钾国际投资（广州）股份有限公司（以下简称"公司"或"上市公司"） 第八届董事会的独立董事，2024年本人严格按照《公司法》、《深圳证券交易所 上市公司自律监管指引第1号——主板上市公司规范运作》、《上市公司独立董 事管理办法》等法律法规和《公司章程》的有关规定，诚信、勤勉、忠实地履行 职责，积极出席公司2024年度召开的相关会议，认真审议董事会各项议案，并对 相关事项发表独立、客观、审慎的意见，切实维护了公司的利益及股东尤其是中 小股东的合法权益。现就本人2024年度履行职责情况述职如下： 一、基本情况 本人杨运杰，1966年8月出生，中国国籍，无永久境外居留权。2000年毕业 于中国人民大学，获经济学博士。中央财经大学经济学院教授、博士生导师，同 时担任教育部高等学校经济学类专业教学指导委员会副主任委员，中央财经大学 教学委员会副主任委员、学术委员会委员。现任北京银行股份有限公司、渤海人 寿保险股份有限公司、中加基金管理有限公司、江苏如东农村商业银行股份有限 公司独立董事。 报告 ...

亚钾国际投资（广州）股份有限公司 亚钾国际投资（广州）股份有限公司 独立董事 2024 年度述职报告 （独立董事 朱武祥） 作为亚钾国际投资（广州）股份有限公司（以下简称"公司"或"上市公司"） 第八届董事会的独立董事，2024年本人严格按照《公司法》、《深圳证券交易所 上市公司自律监管指引第1号——主板上市公司规范运作》、《上市公司独立董 事管理办法》等法律法规和《公司章程》的有关规定，诚信、勤勉、忠实地履行 职责，积极出席公司2024年度召开的相关会议，认真审议董事会各项议案，并对 相关事项发表独立、客观、审慎的意见，切实维护了公司的利益及股东尤其是中 小股东的合法权益。现就本人2024年度履行职责情况述职如下： 一、基本情况 本人朱武祥，1965年5月出生，中国国籍，无永久境外居留权，博士研究生。 清华大学经济管理学院金融系教授、博士生导师，主要从事公司金融和商业模式 研究。曾任中国信达、中航信托、华夏幸福基业、中兴通讯、华夏基金、东兴证 券等公司独立董事，光大证券股份有限公司监事，中国证券业协会投资银行专业 委员专家顾问，中国证券投资者保护基金有限公司专家顾问。现任紫光股份有限 公司以及本公司独立董事 ...

Financial Performance - The company's operating revenue for 2024 was approximately ¥3.55 billion, a decrease of 8.97% compared to ¥3.90 billion in 2023[22]. - Net profit attributable to shareholders for 2024 was approximately ¥950.47 million, down 23.05% from ¥1.24 billion in 2023[22]. - The net profit after deducting non-recurring gains and losses for 2024 was approximately ¥891.81 million, a decrease of 30.00% compared to ¥1.27 billion in 2023[22]. - The net cash flow from operating activities for 2024 was approximately ¥1.26 billion, down 32.07% from ¥1.86 billion in 2023[22]. - Basic earnings per share for 2024 were ¥1.04, a decline of 22.86% from ¥1.35 in 2023[22]. - Total assets at the end of 2024 were approximately ¥18.17 billion, an increase of 15.76% from ¥15.70 billion at the end of 2023[22]. - Net assets attributable to shareholders at the end of 2024 were approximately ¥12.10 billion, up 7.77% from ¥11.23 billion at the end of 2023[22]. - The revenue from potassium chloride was CNY 3,464,458,675.24, accounting for 97.65% of total revenue, with a year-on-year decline of 10.06%[86]. - Domestic revenue was CNY 2,699,780,275.30, representing 76.09% of total revenue, down 1.24% from the previous year[86]. - The gross profit margin for potassium fertilizer was 49.47%, a decrease of 9.25% compared to the previous year[88]. Market and Industry Insights - The company emphasizes the uneven global distribution of potash resources and the strong pricing influence of industry oligopolies, highlighting risks related to geopolitical factors and agricultural product prices[3]. - The global potassium salt reserves are over 4.8 billion tons, with Canada, Laos, Russia, and Belarus accounting for 79% of the total reserves[33]. - The global demand for potassium fertilizer is projected to reach 74.3 million tons by 2025, with Asia accounting for approximately 31.1 million tons[41]. - Brazil, as the largest soybean exporter, is expected to import 12-14 million tons of potassium fertilizer annually, with a dependency rate of over 95%[42]. - The demand for potassium fertilizer is expected to increase due to rising food security concerns and the need for higher crop yields amid decreasing arable land[40]. - The company is focused on expanding its market presence in Asia, particularly in China and Southeast Asia, where potassium fertilizer demand is expected to grow significantly[42]. Operational Developments - The company has undergone significant business changes, including a shift from selling refrigerator compressors to processing and selling vegetable oil[19]. - The company currently has an annual production capacity of 3 million tons of potassium chloride and is accelerating the construction of two additional projects, each with a capacity of 1 million tons per year[66]. - The company produced 1.8154 million tons of qualified potassium chloride and sold 1.7414 million tons in 2024, achieving a production capacity utilization rate of 181.54%[67]. - The company is committed to continuous product quality improvement and customized service to strengthen customer relationships and market competitiveness[63]. - The company is diversifying its business by developing non-potassium industries, including bromine and salt chemicals, to enhance its profit growth points[73]. Governance and Management - The company’s financial report is guaranteed to be true, accurate, and complete by the board and management, except for one absent director[3]. - The company has no controlling shareholder or actual controller as of May 2021, with major shareholders holding similar voting rights[21]. - The company maintains a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholders' rights[143]. - The company operates independently from its controlling shareholder, with no interference in major decision-making processes[148]. - The company has established an independent financial management system, ensuring separate financial operations from the controlling shareholder[153]. Strategic Initiatives - The company plans to enhance its sales network by integrating international market resources and establishing an international sales center, targeting a market penetration increase in Asia[131]. - The company aims to achieve a potassium fertilizer production capacity of 5 million tons per year by accelerating the expansion of potassium fertilizer production projects[128]. - The company is committed to digital transformation and smart mining initiatives to enhance operational efficiency and product quality[84]. - The company is focused on enhancing its market position through strategic planning and effective governance practices[179]. Investor Relations - The company conducted investor communication activities with institutions such as Bosera Fund and HSBC Jintrust on April 30, 2024, and provided detailed information in the investor relations activity record[139]. - The company held a communication session with institutions including China Life and Ping An Pension on July 10, 2024, with further details disclosed in the investor relations activity record[140]. - The company has established a value management system and disclosed a valuation enhancement plan[141]. - The participation rate of investors in the 2024 first extraordinary general meeting was 32.01%[154]. Employee and Training Initiatives - The company has a training management system in place to enhance employee skills and knowledge through various training programs[187]. - The total number of employees at the end of the reporting period was 5,808, with 4,251 in production, 57 in sales, 240 in technology, 45 in finance, 1,080 in administration, and 135 in management[184]. - The company has 5 employees with a doctoral degree, 65 with a master's degree, 634 with a bachelor's degree, 742 with an associate degree, 2,914 with a high school or vocational degree, and 1,448 with a junior high school or lower education level[184]. Stock and Equity Management - The company has implemented a stock option and restricted stock incentive plan, with the first grant of stock options completed in late 2022[190]. - The company completed the repurchase and cancellation of 320,000 restricted stocks, reducing the total share capital from 929,171,187 shares to 929,151,187 shares[194]. - The company achieved a 90% release ratio for the first release period of the 2022 stock option and restricted stock incentive plan, but did not meet the challenge assessment target[199]. - The company plans to consider implementing a new round of equity incentive plans based on relevant regulations and market conditions[200].

Financial Performance - The company's revenue for Q1 2025 reached ¥1,212,531,876.41, representing a 91.47% increase compared to ¥633,276,084.88 in the same period last year[6] - Net profit attributable to shareholders was ¥384,426,913.23, a significant increase of 373.53% from ¥81,184,002.51 year-on-year[6] - The net cash flow from operating activities improved to ¥434,597,315.49, a turnaround from a negative cash flow of ¥78,855,787.51 in the previous year, marking a 651.13% increase[6] - Basic earnings per share rose to ¥0.4208, up 379.82% from ¥0.0877 in the same period last year[6] - Operating profit for the current period was ¥458,384,218.92, compared to ¥79,918,922.57 in the previous period, reflecting a substantial increase of approximately 474.5%[20] - The net profit for the current period is 381,639,542.05 CNY, compared to 72,569,134.95 CNY in the previous period, representing a significant increase[21] - The company's total comprehensive income for the current period is 381,639,542.05 CNY, compared to 72,569,134.95 CNY in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,636,867,742.84, reflecting a 2.56% increase from ¥18,171,645,091.13 at the end of the previous year[6] - Current liabilities totaled ¥2,885,427,969.79, slightly up from ¥2,859,364,571.80, showing an increase of approximately 0.9%[19] - Non-current liabilities rose significantly to ¥3,670,709,667.91 from ¥1,831,218,121.24, representing an increase of about 100.5%[19] - The total equity attributable to shareholders decreased to ¥12,077,847,358.83 from ¥12,099,066,134.45, a decline of approximately 0.18%[19] Cash Flow - Cash and cash equivalents at the end of the period were ¥960,748,080.33, slightly down from ¥961,544,591.17, indicating a decrease of about 0.08%[18] - Cash flow from operating activities generated a net amount of 434,597,315.49 CNY, a turnaround from a negative cash flow of -78,855,787.51 CNY in the previous period[24] - Total cash inflow from financing activities amounted to 2,010,421,835.00 CNY, compared to 807,610,406.01 CNY in the previous period[25] - The company incurred a total of 511,327,828.11 CNY in cash payments for goods and services during the current period, slightly up from 501,440,692.96 CNY in the previous period[24] - The company’s cash outflow for investment activities was 567,529,320.07 CNY, down from 823,355,625.04 CNY in the previous period[24] - The company’s cash outflow for financing activities totaled 1,875,952,611.03 CNY, compared to 91,786,553.10 CNY in the previous period[25] - The company received 12,564,198.67 CNY in tax refunds during the current period, down from 66,489,321.30 CNY in the previous period[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,370, with the top ten shareholders holding a combined 24.73% of the shares[11] - The top shareholder, China Agricultural Production Materials Group Co., Ltd., holds 144,913,793 shares, representing a significant portion of the company's equity[12] - Guangdong Dehui Investment Management Co., Ltd. - Dehui Global Preferred Private Securities Investment Fund holds 10,619,501 shares, accounting for 1.15% of the total shares[12] - The company repurchased 10,544,029 shares, which constitutes 1.14% of the total share capital[13] - The company has seen a change in major shareholders, with a notable reduction exceeding 1% in shareholding by shareholders holding more than 5%[15] Operational Highlights - The company produced 50.62 million tons of potassium chloride and sold 52.83 million tons during the reporting period[14] - The company reported a significant increase in investment income, which rose to ¥9,426,666.70, up 281.61% from ¥2,470,255.00 year-on-year[10] - Operating costs increased to ¥556,307,446.16, an 87.25% rise compared to ¥297,099,077.15 in the previous year, primarily due to increased sales volume[10] - Total operating costs amounted to ¥764,114,669.22, up from ¥554,283,761.84, indicating an increase of about 37.8%[20] Management and Governance - The company is in the process of acquiring minority shareholder equity in its controlling subsidiary, with updates on the registration of changes in business operations[15] - The company’s chairman has been detained, leading to the appointment of a new acting chairman[15] - The company has engaged in related party transactions involving loans to shareholders holding more than 5%[15] - The company has not reported any changes in the lending or borrowing of shares among the top shareholders[14] - The company is actively involved in the development of new products and technologies, although specific details were not disclosed in the provided content[12]

亚钾国际投资(广州)股份有限公司主营业务为钾盐开采、钾肥生产销售业务。公司主要生产产品为粉末 结晶状与颗粒状氯化钾。 最新一期业绩显示，2024年三季报，公司实现营业收入24.83亿元，同比-14.13%；净利润5.18亿元，同 比-47.89%，销售毛利率49.12%。 4月1日，亚钾国际今日收盘24.75元，上涨1.35%，滚动市盈率PE（当前股价与前四季度每股收益总和的 比值）达到30.14倍，总市值228.70亿元。 从行业市盈率排名来看，公司所处的化肥行业行业市盈率平均25.78倍，行业中值22.54倍，亚钾国际排 名第18位。 股东方面，截至2024年9月30日，亚钾国际股东户数31842户，较上次减少3193户，户均持股市值35.28 万元，户均持股数量2.76万股。 序号股票简称PE(TTM)PE(静)市净率总市值(元)18亚钾国际30.1418.521.96228.70亿行业平均 25.7823.812.43152.16亿行业中值22.5421.921.6980.78亿1澄星股份-18.16-18.162.1836.11亿2金正大-17.85- 5.992.6458.16亿3阳煤化工-3.2 ...

3月27日，亚钾国际今日收盘26.12元，上涨2.35%，滚动市盈率PE（当前股价与前四季度每股收益总和 的比值）达到31.80倍，总市值241.36亿元。 从行业市盈率排名来看，公司所处的化肥行业行业市盈率平均27.06倍，行业中值24.39倍，亚钾国际排 名第18位。 截至2024年三季报，共有17家机构持仓亚钾国际，其中基金17家，合计持股数702.34万股，持股市值 1.42亿元。 亚钾国际投资(广州)股份有限公司主营业务为钾盐开采、钾肥生产销售业务。公司主要生产产品为粉末 结晶状与颗粒状氯化钾。 最新一期业绩显示，2024年三季报，公司实现营业收入24.83亿元，同比-14.13%；净利润5.18亿元，同 比-47.89%，销售毛利率49.12%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)18亚钾国际31.8019.542.07241.36亿行业平均 27.0623.012.54157.35亿行业中值24.3920.911.9184.52亿1澄星股份-231.41-63.502.2138.63亿2金正 大-18.96-6.362.8061.78亿3阳煤化工-3.59-4.001.285 ...

一年内股价与大盘对比走势： 03-14 04-14 05-14 06-14 07-14 08-14 09-14 10-14 11-14 12-14 01-14 02-14 03-14 -40% -20% 0% 20% 40% 亚钾国际 沪深300指数 (收益率) 上 市 公 司 基础化工 2025 年 03 月 16 日 亚钾国际 (000893) ——汇能助力公司长期发展，钾肥 Q1 景气明显回升 报告原因：有信息公布需要点评 增持（维持） | 市场数据： | 2025 年 03 月 14 日 | | --- | --- | | 收盘价（元） | 26.38 | | 一年内最高/最低（元） | 26.43/13.65 | | 市净率 | 2.1 | | 息率（分红/股价） | - | | 流通 A 股市值（百万元） | 21,413 | | 上证指数/深证成指 | 3,419.56/10,978.30 | | 注："息率"以最近一年已公布分红计算 | | | 基础数据: | 2024 年 09 月 30 日 | | --- | --- | | 每股净资产（元） | 12.56 | | 资产负债率% | 25 ...

证券研究报告 | 2025年03月16日 亚钾国际（000893.SZ） 汇能集团拟受让中农集团 5%股权，有望助力公司快速发展 4）国内钾肥库存低位春耕开启价格暴涨，海外供给减少叠加补库行情钾肥价格加速上行，：截至 3 月 13 日，国内氯化钾港口库存为 278 万吨，环比减少 14 万吨，同比减少 119 万吨，降幅为 30.7%；春节后国内 钾肥价格暴涨 800-1000 元/吨，目前港口 62%俄白钾报价 3200-3300 元/吨，60%老挝白粉报价 3050 元/吨 左右，60%大红颗粒报价 3500-3700 元/吨，3 月边贸俄白钾合同价 313 美元/吨，环比大幅上涨 43 美元/ 吨。海外价格较年初上涨 30-40 美元/吨，温哥华 FOB 报价 263-279 美元/吨，西北欧 FOB 报价 252-349 美 元/吨，东南亚 CFR 价格 320-345 美元/吨，巴西 CFR 价格 335-345 美元/吨。印尼 Pupuk 近期招标中，老 挝颗粒钾报价 352.25 美元/吨（CFR）、俄标钾报价 335 美元/吨（CFR），目前俄钾、Canpotex 2025 年上 半年销售量均 ...

公司公告：公司持股 5%以上股东中国农业生产资料集团有限公司（以下简称"中农集团"）与持股 5%以 上股东汇能控股集团有限公司（以下简称"汇能集团"）签署与股份转让事项相关的协议，中农集团拟将 其持有的公司 46,202,560 股无限售流通股份（占公司总股本的 5%）通过协议转让的方式转让给汇能集团。 国信化工观点： 1）公司第一大股东将由中农集团变更为汇能集团，公司仍维持无控股股东及无实际控制人状态：本次转 让前中农集团、汇能集团分别为公司的第一大、第二大股东，本次转让股份均为限制股东权利的无限售流 通股（2026 年 5 月 26 日前放弃表决权及提名、提案权、参会权等除收益权和股份转让权等财产性权利之 外的权利），双方协议股权转让价格为 22.8444 元/股，合计转让总价为为人民币 1,055,469,761.66 元。 本次转让后中农集团对公司持股比例将从 15.68%降低至 10.68%，汇能集团对公司持股比例将从 9.05%增加 至 14.05%，公司第一大股东将由中农集团变更为汇能集团，但不会导致公司目前无控股股东及无实际控制 人状态发生变化。 亚钾国际（000893.SZ） 汇能集团拟受让 ...