上市公司名称： 亚钾国际投资（广州）股份有限公司 上市地点： 深圳证券交易所 股票简称： 亚钾国际 股票代码： 000893 信息披露义务人： 新疆江之源股权投资合伙企业（有限合 伙） 亚钾国际投资（广州）股份有限公司 简式权益变动报告书 住所： 新疆乌鲁木齐经济技术开发区中亚南路 81 号 610 室 通讯地址： 上海市黄浦区西藏南路 758 号 股份权益变动性质： 股份减持（持股比例降至 5%） 签署日期：2025 年 5 月 26 日 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》、《中华人民共和国证券 法》、《上市公司收购管理办法》、《公开发行证券的公司信息披露内容与格式准则 第 15 号—权益变动报告书》等相关法律、法规和规范性文件编制本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《中华人民共和国证券法》、《上市公司收购管理办法》、《公开发行 证券的公司信息披露内容与格式准则第 15 号—权益变动报告书》的规定，本报 告书已全面披露了信息披露义务人在亚钾国际投资（广州）股份有限公司中拥有 权益的股份变动情况。 截至本报告书签署日，除本报告书披露的信息 ...

Group 1 - The core viewpoint of the articles highlights the performance and valuation of Yara International, with a closing price of 29.23 yuan and a rolling PE ratio of 21.54, marking a 17-day low [1] - The company operates in the fertilizer industry, with an average industry PE of 23.70 and a median of 21.31, placing Yara International at the 16th position among its peers [1][2] - As of March 31, 2025, the number of shareholders in Yara International decreased to 24,370, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] Group 2 - Yara International's main business includes potassium salt mining, potassium fertilizer production, and sales, with primary products being potassium chloride and brine [1] - The latest quarterly report for Q1 2025 shows a revenue of 1.213 billion yuan, a year-on-year increase of 91.47%, and a net profit of 384 million yuan, reflecting a significant year-on-year growth of 373.53%, with a gross profit margin of 54.12% [1]

Group 1 - The supply and marketing cooperative concept index rose by 1.53%, ranking 7th among concept sectors, with 9 stocks increasing in value [1] - Notable gainers included Hunan Development and Zhongnong Lihua, both hitting the daily limit, while Yaqi International, New Power Finance, and Zhejiang Agricultural Holdings also saw significant increases of 2.66%, 1.40%, and 1.29% respectively [1] - The leading decliners in this sector were Swan Shares, Supply and Marketing Group, and Huangshan Gujie, which fell by 1.66%, 1.17%, and 0.69% respectively [1] Group 2 - The supply and marketing cooperative sector experienced a net inflow of 147 million yuan from main funds, with 7 stocks receiving net inflows [2] - Hunan Development led the net inflow with 181 million yuan, followed by Yaqi International, Zhongnong Lihua, and New Power Finance with net inflows of 54.44 million yuan, 34.54 million yuan, and 11.08 million yuan respectively [2] - The net inflow ratios for Zhongnong Lihua, Yaqi International, and Hunan Development were 19.28%, 13.86%, and 13.60% respectively [3] Group 3 - The trading performance of key stocks in the supply and marketing cooperative sector showed significant turnover rates, with Hunan Development at 19.06%, Zhongnong Lihua at 4.30%, and New Power Finance at 9.80% [3] - The stock performance included Hunan Development rising by 10.01%, while Zhongnong Lihua also increased by 10.00% [3] - Conversely, Supply and Marketing Group saw a decline of 1.17% with a notable negative net fund flow of 109.17 million yuan, indicating a significant outflow [4]

Group 1 - The core viewpoint of the news is that Yara International's stock has shown a significant increase, with a closing price of 28.98 yuan, up by 2.66%, and a rolling PE ratio of 21.36, marking a new low in 11 days [1] - The total market capitalization of Yara International is 26.779 billion yuan, and it ranks 16th in the fertilizer industry based on PE ratio, which has an average of 24.20 and a median of 21.25 [1][2] - As of the first quarter of 2025, 34 institutions hold shares in Yara International, including 25 funds, with a total shareholding of 445.682 million shares valued at 10.884 billion yuan [1] Group 2 - Yara International's main business includes potassium salt mining, potassium fertilizer production, and sales, with primary products being potassium chloride, brine, and others [1] - The latest performance report for the first quarter of 2025 shows that the company achieved a revenue of 1.213 billion yuan, a year-on-year increase of 91.47%, and a net profit of 384 million yuan, a year-on-year increase of 373.53%, with a gross margin of 54.12% [1]

Investment Rating - The report maintains an "Outperform" rating for the company [1]. Core Views - The company reported better-than-expected performance, with record sales and production of potash fertilizers, indicating a recovery from the bottom of the market cycle [1][6]. - The company achieved a total revenue of 3.548 billion yuan in 2024, a year-on-year decrease of 9%, while the net profit attributable to shareholders was 950 million yuan, down 23.1% year-on-year [6][7]. - The first quarter of 2025 saw a significant increase in revenue to 1.213 billion yuan, up 91.5% year-on-year, and net profit of 384 million yuan, up 373.5% year-on-year [6][7]. Financial Summary - The company expects total revenue to reach 6.55 billion yuan in 2025, with a year-on-year growth rate of 84.6% [5]. - The projected net profit for 2025 is 1.887 billion yuan, representing a 98.5% increase compared to the previous year [5]. - The gross profit margin is expected to improve from 54.1% in Q1 2025 to 54.7% for the full year [5]. Market Dynamics - The potash fertilizer market is showing signs of recovery, with global supply and demand gradually returning to normal levels, supported by favorable tax policies in Laos [6]. - The average market price for potash fertilizer in 2024 was approximately 2,468 yuan per ton, down 15.6% year-on-year, but showing signs of stabilization in Q4 [6]. - The company’s production and sales volumes for 2024 were 1.8154 million tons and 1.7414 million tons, respectively, both showing year-on-year increases [6]. Shareholder and Project Developments - The company has strengthened its long-term development through significant shareholder support, with Huineng Group becoming the largest shareholder [6]. - The company is progressing well with its mining projects, aiming for a production capacity of 5 million tons per year, with potential expansion to 7-10 million tons based on market demand [6]. Profit Forecasts - The profit forecasts for 2025 and 2026 have been raised to 1.887 billion yuan and 3.114 billion yuan, respectively, with a new forecast for 2027 at 4.359 billion yuan [6]. - The corresponding price-to-earnings ratios are projected to be 14X for 2025, 8X for 2026, and 6X for 2027 [6].

Core Points - The company held its annual general meeting on May 15, 2025, with a total of 230 shareholders present, representing 40.2062% of the voting shares [3][4] - All nine proposals presented at the meeting were approved without any dissenting votes [2][5] Group 1: Meeting Details - The meeting was conducted both in-person and via online voting, with the chairperson being Ms. Liu Bingyan [3][4] - A total of 317,800,872 shares were represented at the meeting, with 8 shareholders attending in person and 222 voting online [3] Group 2: Voting Results - Proposal 1: The 2024 Annual Report was approved with 99.9496% in favor [5][6] - Proposal 2: The 2024 Board of Directors' Work Report was approved with 99.9495% in favor [6][7] - Proposal 3: The 2024 Supervisory Board's Work Report was approved with 99.9495% in favor [7] - Proposal 4: The 2024 Financial Settlement Report was approved with 99.9496% in favor [8] - Proposal 5: The 2024 Profit Distribution Plan was approved with 99.9587% in favor [9][10] - Proposal 6: The 2025 Directors' Remuneration was approved with 99.9356% in favor [10][11] - Proposal 7: The 2025 Supervisors' Remuneration was approved with 99.9564% in favor [11] - Proposal 8: The re-election of directors was approved with 99.9218% in favor [12] - Proposal 9: The application for comprehensive credit limits from financial institutions for 2025 was approved with 99.9589% in favor [13] Group 3: Legal Opinion - The legal opinion provided by Beijing Junhe (Guangzhou) Law Firm confirmed that the meeting's procedures and resolutions complied with relevant laws and regulations [14]

北京市君合（广州）律师事务所 关于亚钾国际投资（广州）股份有限公司 2024 年年度股东大会的法律意见书 亚钾国际投资（广州）股份有限公司： 北京市君合（广州）律师事务所（以下简称"本所"）是在中华人民共和国（以下 简称"中国"，为本法律意见书之目的，不包括中国香港特别行政区、中国澳门特别行 政区和中国台湾省）广东省司法厅注册的律师事务所。本所作为亚钾国际投资（广州） 股份有限公司（以下简称"公司"）的常年法律顾问，接受公司委托，指派本所律师出 席公司 2024 年年度股东大会（以下简称"本次股东大会"），根据《中华人民共和国公 司法》（以下简称"《公司法》"）、《上市公司股东会规则》（以下简称"《股东会规 则》"）等中国现行有效的法律、法规、规范性文件（以下简称"中国法律、法规"）以 及《亚钾国际投资（广州）股份有限公司章程》（以下简称"《公司章程》"），对本次 股东大会进行见证，并出具本法律意见书。 在本法律意见书中，本所仅对本次股东大会的召集召开程序、召集人和出席会议人 员资格以及会议表决程序、表决结果是否符合《公司法》《股东会规则》等中国法律、 法规及《公司章程》的规定发表意见，并不对会议审议的议案内 ...

证券代码：000893 证券简称：亚钾国际 公告编号：2025-026 亚钾国际投资（广州）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（除董事长郭柏春先生，被实施留置）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。 特别提示： 1、本次股东大会未出现否决议案的情形。 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 1、召开时间：2025 年 5 月 15 日下午 15:00 2、召开地点：广州市天河区珠江东路 6 号广州周大福金融中心 51 楼公司大 会议室 3、召开方式：现场投票与网络投票表决相结合的方式 4、召集人：公司董事会 5、主持人：公司代行董事长刘冰燕女士主持本次会议 6、会议的出席情况： （1）出席本次会议的股东及股东授权委托代表共 230 人，代表有表决权股 份 317,800,872 股，占公司有表决权股份 790,428,368 股的 40.2062%。其中： A、出席本次股东大会现场会议的股东及股东授权委托代表共 8 人，代表有 表决权股份 1,501,200 股，占公司有表决权股份 790,428,3 ...

Group 1 - The core viewpoint of the articles highlights the performance and valuation of Yara International, indicating a decline in stock price and a comparison with industry averages [1][2] - As of May 8, Yara International's stock closed at 27.7 yuan, down 4.48%, with a rolling PE ratio of 20.42 times and a total market capitalization of 25.596 billion yuan [1] - The average PE ratio for the fertilizer industry is 24.10 times, with a median of 20.70 times, positioning Yara International at 15th place within the industry [1][2] Group 2 - As of the first quarter of 2025, 34 institutions hold shares in Yara International, including 25 funds, 8 other entities, and 1 social security fund, totaling 444.682 million shares with a market value of 10.884 billion yuan [1] - Yara International's main business includes potassium salt mining, potassium fertilizer production, and sales, with primary products being potassium chloride, brine, and others [1] - The latest financial results for the first quarter of 2025 show that the company achieved operating revenue of 1.213 billion yuan, a year-on-year increase of 91.47%, and a net profit of 384 million yuan, a year-on-year increase of 373.53%, with a sales gross margin of 54.12% [1]

Core Viewpoint - The petrochemical industry investment strategy for May 2025 highlights a positive economic outlook driven by proactive fiscal policies and increased domestic consumption confidence, alongside a growing global interest in China's artificial intelligence sector [1][2]. Economic Overview - Since late September 2024, a series of domestic policies have been implemented, leading to a noticeable effect on the economy. In 2024, China's GDP reached 134.9 trillion RMB, marking a 5% increase from the previous year [2]. - In Q1 2025, China's GDP at current prices was 31,875.8 billion RMB, with a year-on-year growth of 5.4% at constant prices, indicating steady economic growth [2]. Policy Environment - The Central Political Bureau meeting on April 25 emphasized the need for more proactive macroeconomic policies in response to escalating US-China trade tensions and external uncertainties. The focus will be on expanding consumption and boosting domestic demand [2]. Industry Performance - In April 2025, the comprehensive PMI output index was 50.2%, a decrease of 1.2 percentage points from the previous month. The manufacturing production index fell to 49.8%, down 2.8 percentage points, indicating a decline in manufacturing activity [3]. - Despite a drop in international oil prices by over 15% in April due to increased production by OPEC and trade tensions, the expected price range for Brent crude is projected to be between $65-70 per barrel and WTI at $60-65 per barrel for 2025 [3]. Investment Recommendations - Key investment areas for May 2025 include potassium fertilizers, refrigerants, aramid paper, civil explosives, and pentaerythritol, with specific companies recommended for each sector: - **Potassium Fertilizers**: Global prices are rebounding, and there is a domestic demand gap. Recommended company: **Yaqi International** [4]. - **Refrigerants**: The market outlook is positive due to tightening long-term quotas and increased air conditioning production. Recommended companies: **Juhua Co.** and **Sanmei Co.** [4][7]. - **Aramid Paper**: Demand is increasing due to applications in electrical insulation and honeycomb core materials. Recommended company: **Tongyi Zhong** [4]. - **Civil Explosives**: The industry is experiencing improved profitability due to stable demand and declining costs. Recommended company: **Guangdong Hongda** [5]. - **Pentaerythritol**: Anticipated price increases due to low inventory levels and high demand from the PCB sector [5]. Investment Portfolio - The investment portfolio for this month includes: - **Yaqi International**: A rare potassium fertilizer producer with expanding capacity - **Bailong Chuangyuan**: A long-term growth "small giant" in functional sugars - **Tongyi Zhong**: A company with a full industrial chain layout for UHMWPE fibers - **Guangdong Hongda**: A leading integrated service provider in the civil explosives sector [6].