Core Viewpoint - The company has announced its first quarter report for 2025, ensuring the accuracy and completeness of the financial information disclosed, and has initiated plans for a spin-off listing of its subsidiary, Shenhuo New Materials Technology Co., Ltd. [1][2][3] Financial Data - The first quarter report has not been audited [8] - The company has not made any retrospective adjustments or restatements of previous accounting data [3] - The report includes a commitment from the management to ensure the financial information is true, accurate, and complete [2][3] Shareholder Information - The company is in the process of preparing for the spin-off listing of Shenhuo New Materials Technology Co., Ltd., which was approved by the board on June 13, 2023 [4][5] - The company plans to repurchase shares with a total amount between RMB 250 million and RMB 450 million to enhance investor confidence and support its long-term incentive mechanism [6] Meeting Resolutions - The board of directors held a meeting on April 18, 2025, where the first quarter report was approved unanimously [10][11] - The supervisory board also reviewed and approved the first quarter report, confirming its compliance with legal and regulatory requirements [20][21] Other Important Matters - The company is developing a market value management system to enhance investor returns and maintain the rights of stakeholders [13]

一、会议召开情况 河南神火煤电股份有限公司（以下简称"公司"）监事会第九届 十三次会议于 2025 年 4 月 18 日以通讯方式召开，会议由监事会主席 刘振营先生召集和主持。本次监事会会议通知及相关资料已于 2025 年 4 月 13 日分别以专人、电子邮件等方式送达全体监事。本次会议 应出席监事三名，实际出席监事三名（均为亲自出席），符合《公司 法》等法律法规和《公司章程》的规定。 二、会议审议情况 经与会监事审议，会议以签字表决方式审议通过《公司 2025 年 第一季度报告》。 监事会对《公司 2025 年第一季度报告》审核后，发表书面审核 意见如下：经审核，监事会认为董事会编制和审议《公司 2025 年第 一季度报告》的程序符合法律、行政法规及中国证监会的规定，报告 内容真实、准确、完整地反映了上市公司的实际情况，不存在任何虚 假记载、误导性陈述或重大遗漏。 此项议案的表决结果是：三票同意，零票反对，零票弃权，同意 票占监事会有效表决权的 100%。 证券代码：000933 证券简称：神火股份 公告编号：2025-031 河南神火煤电股份有限公司 监事会第九届十三次会议决议公告 本公司及监事会全体成员 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥9,631,944,767.84, representing a 17.13% increase compared to ¥8,223,375,960.31 in the same period last year[4] - Net profit attributable to shareholders decreased by 35.05% to ¥708,261,558.54 from ¥1,090,539,521.54 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥714,922,693.47, down 29.43% from ¥1,013,055,141.56 in the previous year[4] - The net profit for the reporting period decreased by 32.91% to ¥784,434,532.38 compared to ¥1,169,208,371.90 in the previous year[7] - Basic earnings per share fell by 34.09% to ¥0.321, while diluted earnings per share decreased by 34.16% to ¥0.320[7] - Total comprehensive income decreased by 34.99% to ¥771,257,035.16, attributed to lower coal product prices and weakened profitability in main products[7] Cash Flow and Liquidity - The company's cash flow from operating activities was ¥1,687,756,817.40, a decrease of 4.48% compared to ¥1,766,885,171.87 in the same period last year[4] - Cash and cash equivalents increased by 31.26% to ¥4,308,630,460.30 from ¥3,282,589,519.74 in the previous year[6] - Cash flow from operating activities saw a significant reduction, with cash paid for purchasing goods and services increasing by 38.62% to ¥7,462,570,056.92[8] - The cash and cash equivalents at the end of the period decreased by 63.11% to ¥2,868,924,667.37, reflecting reduced cash inflows from operating and financing activities[8] - Operating cash inflow for the current period reached ¥11,067,901,588.69, an increase of 18.5% from ¥9,340,860,243.30 in the previous period[21] - Cash received from sales of goods and services increased to ¥10,807,199,625.08, up from ¥9,067,304,979.59[21] Assets and Liabilities - Total assets increased by 3.13% to ¥52,185,037,990.08 from ¥50,602,682,835.71 at the end of the previous year[4] - Total liabilities rose to ¥25,803,618,542.93, compared to ¥24,577,679,358.77, marking an increase of 5.0%[16] - Shareholders' equity attributable to the parent company rose by 3.60% to ¥22,461,756,058.20 from ¥21,681,699,586.06 at the end of the previous year[4] - The total current assets reached RMB 12.99 billion, up from RMB 11.10 billion, marking an increase of approximately 17.0%[14] Investment and Expenses - Investment income surged by 473.94% to ¥180,871,398.08, primarily driven by increased net profits from joint ventures[7] - The company's sales expenses decreased by 51.82% to ¥52,446,119.55 from ¥108,856,633.16 in the previous year, attributed to a decline in transportation and handling costs[6] - Research and development expenses were ¥142,667,476.40, down 14.3% from ¥166,509,235.04 in the previous period[18] - The company recorded a significant increase in non-operating expenses, which rose by 308.03% to ¥31,339,073.46 due to increased late fees[7] Shareholder Information and Corporate Actions - The total number of ordinary shareholders at the end of the reporting period was 59,400, with the largest shareholder, Henan Shenhuo Group Co., Ltd., holding 21.43% of shares[9] - A share repurchase plan was approved, with a total amount not less than RMB 250 million and not exceeding RMB 450 million, aimed at enhancing investor confidence[12] - The company has repurchased 5.22 million shares, accounting for 0.23% of the total share capital, with a total transaction amount of approximately RMB 85 million[12] Future Plans - The company plans to spin off its subsidiary, Shenhuo New Materials Technology Co., Ltd., for a separate listing to support its aluminum processing business development[11] - The company is currently preparing for the spin-off listing, including feasibility studies and engaging intermediary institutions[11]

河南神火煤电股份有限公司 市值管理制度 第一章 总则 第一条 为切实推动河南神火煤电股份有限公司（以下简称"公 司"）提升投资价值，增强投资者回报，规范公司的市值管理活动，确 保公司市值管理活动的合规性、科学性、有效性，实现公司价值和股东 利益最大化，根据《公司法》《证券法》《上市公司信息披露管理办 法》《上市公司监管指引第 10 号——市值管理》《深圳证券交易所股 票上市规则》等法律法规、规范性文件和《公司章程》的规定，结合公 司实际，制定本制度。 第二条 本制度所称市值管理，是指公司以提高公司质量为基础， 为提升公司投资价值和股东回报能力而实施的战略管理行为。公司质量 是公司投资价值的基础和市值管理的重要抓手，公司应当立足提升公司 质量，依法依规运用各类方式提升上市公司投资价值。 第二章 市值管理的目的与基本原则 第三条 公司在开展市值管理过程中，应当牢固树立回报股东意 识，采取措施保护投资者尤其是中小投资者利益，诚实守信、规范运 作、专注主业、稳健经营，以新质生产力的培育和运用，推动经营水平 和发展质量提升，并在此基础上做好投资者关系管理，增强信息披露质 量和透明度，必要时积极采取措施提振投资者信心，推 ...

证券代码：000933 证券简称：神火股份 公告编号：2025-030 河南神火煤电股份有限公司 董事会第九届十八次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、会议召开情况 河南神火煤电股份有限公司（以下简称"公司"）董事会第九届 十八次会议于 2025 年 4 月 18 日以现场出席和视频出席相结合的方 式召开，现场会议召开地点为河南省永城市东城区东环路北段 369 号 公司本部 2 号楼九楼第二会议室，会议由公司董事长李宏伟先生召集 和主持。本次董事会会议通知及相关资料已于 2025 年 4 月 13 日分别 以专人、电子邮件等方式送达全体董事、监事和高级管理人员。本次 会议应出席董事九名，实际出席董事九名（独立董事文献军先生、谷 秀娟女士视频出席，其余董事均为现场出席），公司监事和高级管理 人员列席，符合《公司法》等法律法规和《公司章程》的规定。 二、会议审议情况 经与会董事审议，会议以签字表决方式形成决议如下： 三、备查文件 （二）审议通过《关于制定<市值管理制度>的议案》 为推动提升公司的投资价值，规范落实公司的市值管理，增强投 ...

神火股份（000933）公告，2025年第一季度营业收入为96.32亿元，同比增长17.13%；净利润为7.08亿 元，同比下降35.05%。 ...

Investment Rating - The report maintains a "Recommended" investment rating for the gold industry, copper industry, aluminum industry, tin industry, and antimony industry [10][11]. Core Views - The report highlights that the risk of stagflation in the US economy is increasing due to tariffs, while gold prices remain strongly supported [4]. - It notes that the US Federal Reserve is expected to cut interest rates four times in 2025, totaling a reduction of 100 basis points [4]. - The report emphasizes that while copper and aluminum prices may experience fluctuations, the overall demand is improving, leading to a positive outlook for these metals [7][8]. Summary by Sections Market Performance - The non-ferrous metals sector (Shenwan) experienced a decline of 6.5% over the past month, while the CSI 300 index fell by 3.6% [1]. Economic Data - In March, US manufacturing output increased by 0.3%, retail sales rose by 1.4%, and industrial production decreased by 0.3% [3][4]. - China's March imports decreased by 4.3% year-on-year, while exports increased by 12.4% [5][27]. Gold Market - The report indicates that gold prices are expected to maintain an upward trend due to the ongoing interest rate cuts by the Federal Reserve [10]. Copper and Aluminum Market - Copper prices are expected to remain stable with short-term demand improving, despite tariff impacts yet to fully transmit to upstream materials [7]. - Aluminum prices are projected to be strong due to high operational rates in the processing sector [8]. Tin and Antimony Market - Tin prices are expected to trend higher due to supply disruptions, while antimony prices are anticipated to rise due to tight raw material availability [10][11]. Recommended Stocks - The report recommends specific stocks in the gold, copper, aluminum, tin, and antimony sectors, including Zhongjin Gold, Zijin Mining, and others [11].

证券代码：000933 证券简称：神火股份 公告编号：2025-029 河南神火煤电股份有限公司 2024 年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，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增加、修改、否决议案的情形。 一、会议召开和出席情况 1、会议召开情况 （1）现场会议召开时间为：2025 年 4 月 18 日（星期五）14:30 网络投票时间为：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 4 月 18 日 9:15-9:25、9:30-11:30、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 4 月 18 日 9:15-15:00。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 （2）召开地点：河南省永城市东城区东环路北段 369 号公司九 楼第二会议室 （3）召开方式：现场投票与网络投票相结合 （4）召集人：公司董事会 （5）主持人：董事长李宏伟先生 本次股东大会的召开程序符合有关法律、法规和公司章程的规 定。 2、会议出席情况 （1）股东出席的总体情况 ...

关于河南神火煤电股份有限公司 2024 年度股东大会的 河南亚太人律师事务所 法 律 意 见 书 亚律法字（2025）第 0418 号 二零二五年四月十八日 河南亚太人律师事务所 关于河南神火煤电股份有限公司 2024 年度股东大会的 法 律 意 见 书 致：河南神火煤电股份有限公司 二、出席本次股东大会会议人员及资格 （1）股东出席的总体情况 出席会议的股东及股东代理人共 1,030 人，持有或代表公司股份共 1,381,165,970 股，占公司有表决权股份总数的 61.5198%。其中：现场出席股东大 会的股东及股东代理人 5 人，代表股份 756,068,642 股，占公司有表决权股份总数 - 2 - 的 33.6767%；通过网络投票的股东及股东代理人 1,025 人，代表股份 625,097,328 股，占公司有表决权股份总数的 27.8430%。 （2）中小股东（除公司董事、监事、高级管理人员以及单独或合计持有公司 5%以上股份的股东以外的其他股东）出席的总体情况 出席会议的中小股东及股东代理人共 1,027 人，持有或代表公司股份共 625,859,228 股，占公司有表决权股份总数的 27. ...

三、薪酬结构 高管人员的年度薪酬由基本薪酬、绩效薪酬和长期激励 三部分构成。基本薪酬结合岗位职责和基本履职情况按月支 付。绩效薪酬与公司年度安全生产、经营业绩和节能环保效 果等挂钩，根据年度考核结果兑付。 河南神火煤电股份有限公司 董事、监事、高级管理人员薪酬方案 （2025 年 4 月修订） 为规范河南神火煤电股份有限公司（以下简称"公司"） 的薪酬分配管理，激励公司高管人员诚信、勤勉地履行岗位 职责，完善公司治理和激励约束机制，保障公司持续、稳定、 健康发展，根据《公司法》《上市公司治理准则》《公司章程》 等有关规定，结合公司实际，制定本方案。 一、基本原则 坚持激励与约束并重、权利与责任对等、利益与风险匹 配、薪酬与效益挂钩、高管人员与员工工资水平协调，短期 激励与长期激励兼顾的原则，以提高企业经营绩效为中心， 既要切实体现公司经营管理者在企业经营与决策中的特殊 作用及其人力资本价值，又要进一步促进形成科学合理的薪 酬分配关系。 二、适用对象 本方案适用于在本公司领取薪酬的董事、监事、总经理、 总工程师、副总经理、总会计师、董事会秘书等高级管理人 员（本方案统称"高管人员"）。 1 长期激励包括限制性股 ...