证券代码：000933 证券简称：神火股份 公告编号：2024-028 河南神火煤电股份有限公司 董事会第九届十次会议决议公告 1 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 十次会议于 2024 年 4 月 19 日在河南省永城市东城区东环路北段 369 号公司本部九楼第二会议室召开，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已于 2024 年 4 月 14 日前分别以专人、 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（均为亲自出席），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， 合法有效。 二、会议审议情况 经与会董事审议，会议以签字表决方式审议通过《公司 2024 年 第一季度报告》。 此项议案已经公司董事会审计委员会 2024 年第三次会议以三票 同意、零票反对、零票弃权的表决结果审议通过。 此项议案的表决结果是：九票同意，零票回避，零票反对，零票 弃权，同意票占董事会有效表决权 ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥8,223,375,960.31, a decrease of 13.57% compared to ¥9,514,523,824.46 in the same period last year[3] - Net profit attributable to shareholders was ¥1,090,539,521.54, down 29.47% from ¥1,546,251,982.58 year-on-year[3] - Basic earnings per share fell to ¥0.487, a decline of 29.73% from ¥0.693 in the same period last year[3] - Total revenue for Q1 2024 was CNY 8,223,375,960.31, a decrease of 13.5% compared to CNY 9,514,523,824.46 in the same period last year[14] - Net profit for Q1 2024 was CNY 1,169,208,371.90, down from CNY 1,695,634,667.31 in Q1 2023, reflecting a decrease of about 30.9%[16] - The company reported a total comprehensive income of CNY 1,186,319,504.76 for Q1 2024, compared to CNY 1,695,510,921.64 in Q1 2023, a decrease of approximately 30.0%[16] Cash Flow - The net cash flow from operating activities decreased by 33.80% to ¥1,766,885,171.87, compared to ¥2,669,069,019.59 in the previous year[3] - The net cash flow from financing activities improved to $176,954,106.84 from a negative $1,051,197,438.54 year-over-year[19] - Cash inflow from loans received was $4,933,241,470.69, an increase from $4,370,693,069.61[19] - Cash outflow for debt repayment was $3,368,408,931.40, down from $4,420,030,416.62[19] - The company reported a net cash flow from financing activities of CNY 176,954,106.84, reflecting adjustments in the financing structure[8] Assets and Liabilities - Total assets increased by 2.72% to ¥59,430,913,098.64 from ¥57,857,613,771.16 at the end of the previous year[3] - Current assets increased to CNY 20,573,029,786.15 from CNY 19,451,635,027.34, reflecting a growth of 5.8%[13] - Non-current assets totaled CNY 38,857,883,312.49, up from CNY 38,405,978,743.82, indicating a rise of 1.2%[13] - Total liabilities amounted to CNY 34,288,253,903.39, compared to CNY 33,525,790,592.83, representing an increase of 2.3%[14] - Cash and cash equivalents reached CNY 14,423,516,769.24, up from CNY 13,322,549,327.85, marking an increase of 8.3%[12] Investment Activities - The net cash inflow from investment activities totaled CNY 416,882,280.87, primarily from dividends, capacity transfer payments, and equity transfer payments[8] - The net cash outflow from investment activities was CNY 473,642,039.15, indicating an increase in investment expenditures during the reporting period[8] - The company’s investment in fixed assets and other long-term assets amounted to CNY 240,326,639.15, reflecting increased project investments[8] - The company received CNY 462,384,190.88 in cash for dividend distributions during the reporting period, with CNY 396,753,498.35 paid to minority shareholders[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,647, with the largest shareholder, Henan Shenhuo Group Co., Ltd., holding 21.43% of shares[9] - The company's equity attributable to shareholders rose by 5.75% to ¥20,969,125,482.28 compared to ¥19,829,046,338.99 at the end of last year[3] Research and Development - Research and development expenses amounted to CNY 166,509,235.04, a decrease from CNY 182,279,035.47 in the previous year, indicating a reduction of approximately 8.6%[15] Other Income - Non-operating income for the period was ¥5,395,217.19, an increase of 82.15% year-on-year[7] - Other income for Q1 2024 was CNY 93,791,142.71, significantly higher than CNY 11,880,919.20 in Q1 2023, marking an increase of approximately 688.5%[15] - Investment income for Q1 2024 was CNY 31,514,023.36, down from CNY 72,837,658.81 in Q1 2023, reflecting a decrease of about 56.7%[15] Future Plans - The company is planning a spin-off listing for its subsidiary, Shenhuo New Materials Technology Co., Ltd., to enhance the independence and completeness of its aluminum processing business[11] - The first phase of the Shenhuo New Materials battery foil project is progressing well, with core equipment installed and expected to meet international advanced standards[11]

河南亚太人律师事务所 关于河南神火煤电股份有限公司 2023 年年度股东大会的 法 律 意 见 书 亚律法字（2024）第 0419 号 二零二四年四月十九日 河南亚太人律师事务所 关于河南神火煤电股份有限公司 2023 年年度股东大会的 法 律 意 见 书 致：河南神火煤电股份有限公司 根据《中华人民共和国证券法》、《中华人民共和国公司法》（以下简称《公 司法》）、《上市公司股东大会规则》的规定，接受河南神火煤电股份有限公司 （以下简称"公司"）的委托，河南亚太人律师事务所（以下简称"本所"）指派 鲁鸿贵、杨学林律师（以下简称"本所律师"）对公司 2023 年年度股东大会的召 集、召开进行现场见证。会议召开前和召开过程中，本所律师对出席会议人员资格、 大会的召集与召开程序、大会的表决程序等重要事项的合法性予以验证，并按照律 师行业公认的业务标准、道德规范和勤勉尽责精神，对公司本次股东大会的相关事 项出具如下法律意见： 一、股东大会的召集与召开程序 本次股东大会由公司董事会决定召集，公司董事会于 2024 年 3 月 26 日在《证 券时报》、《证券日报》、《中国证券报》、《上海证券报》和"巨潮资讯网"上 以 ...

证券代码：000933 证券简称：神火股份 公告编号：2024-027 河南神火煤电股份有限公司 2023 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。 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、会议召开情况 （1）现场会议召开时间为：2024 年 4 月 19 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：2024 年 4 月 19 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：2024 年 4 月 19 日 9:15-15:00。 （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 ...

[Table_Title] 煤铝价格下跌拖累业绩 铝箔产能持续扩张 [Table_ReportDate] 神火股份(000933)公司简评报告 | 2024.04.10 [评Ta级ble：_R an增k]持 核心观点 [ Table_Authors] [⚫T abl煤e_铝Su价mm格a下ry]跌 ，拖累2023年业绩。2023年公司实现营业收入376.25亿 吴轩 元，同比-11.89%；归母净利润 59.05 亿元，同比-22.00%；扣非后归母 有色行业首席分析师 净利润58.20亿元，同比-25.10%。其中，Q4实现营业收入89.96亿元， SAC执证编号：S0110521120001 同比-14.90%，环比-5.51%；归母净利润18.03亿元，同比5.04%，环比 wuxuan123@sczq.com.cn 32.23%；扣非后归母净利润17.72亿元，同比-0.13%，环比35.73%。公 刘崇娜 司主营产品煤炭、电解铝、铝箔价格分别同比下降284.42元/吨、945.32 有色行业研究助理 元/吨、4806.53元/吨及公司子公司云南神火减产9.27万吨等因素影响。 liuchongna@ ...

证券代码：000933 证券简称：神火股份 公告编号：2024-026 4、参会方式：投资者可登陆深圳证券交易所互动易平台"云访 谈"（http://irm.cninfo.com.cn）参与本次业绩说明会。 二、投资者问题征集及方式 为充分尊重投资者，提升公司与投资者之间的交流效率，公司现 就本次业绩说明会提前向投资者公开征集问题。投资者可于 2024 年 4 月 15 日 17 ： 30 前 将 关 注 问 题 发 送 至 公 司 邮 箱 （shenhuogufen@163.com），公司将通过本次业绩说明会，在信息披 露允许范围内就投资者普遍关注的问题进行回答。 河南神火煤电股份有限公司 关于召开 2023 年度业绩说明会并征集问题的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 河南神火煤电股份有限公司（以下简称"公司"）已于 2024 年 3 月 26 日在巨潮资讯网（www.cninfo.com.cn）披露了《2023 年年度报 告》及相关文件，为便于广大投资者进一步了解公司 2023 年度经营 业绩等情况，公司将召开 2023 年度业绩说明会 ...

证券研究报告：有色金属 | 公司点评报告 2024年3月27日 股票投资评级 神火股份(000933) 买入|维持 2023 年业绩符合预期，期待煤铝放量 个股表现 ⚫ 事件 神火股份发布2023年报，2023年实现营收376.25亿元，同比下 神火股份 有色金属 降 11.89%；归母净利润 59.05 亿元，同比下降 22.07%；扣非后归母 15% 10% 净利润58.20亿元，同比下降25.16%。 5% ⚫ 点评 0% -5% 煤炭、电解铝价格下降，利润受到拖累。2023Q4实现营收89.96 -10% -15% 亿元，环比下降5.51%，同比下降14.90%；归母净利润18.03亿元， -20% 环比增加 32.2%，同比增加 5.04%；扣非归母净利润 17.77 亿元，环 -25% -30% 比增加35.73%，同比下降0.13%。主要原因是公司主营产品煤炭、电 2023-03 2023-06 2023-08 2023-11 2024-01 2024-03 解铝、铝箔价格分别同比下降284.42元/吨、945.32元/吨、4806.53 资料来源：聚源，中邮证券研究所 元/吨，公司主营产品盈利 ...

Investment Rating - The report maintains a "Buy" rating for the company [2][4] Core Views - The company's revenue for 2023 was CNY 37.625 billion, a year-on-year decrease of 11.89%, while the net profit attributable to shareholders was CNY 5.905 billion, an increase of 22.07% [2] - The decline in profit is primarily attributed to the drop in prices of key products such as coal, electrolytic aluminum, and aluminum foil [2] - The company is expected to see a recovery in profitability in 2024 due to the resumption of production and expansion projects [4] Summary by Sections Financial Performance - In 2023, the company produced 1.518 million tons of aluminum, a decrease of 7.16% year-on-year, while coal production increased by 5.25% to 7.1696 million tons [2] - The average price of aluminum in 2023 was CNY 18,702 per ton, up 6.43% year-on-year, while the average price of coal dropped by 18.72% to CNY 812 per ton [2] Production and Expansion Plans - The company plans to produce 1.5 million tons of aluminum and 6.9 million tons of raw coal in 2024, with significant projects like the Liangbei coal mine expansion expected to reach full production [4] - The second phase of the new materials project, focusing on battery foil, is expected to commence production in August 2024 [4] Profit Forecast - The forecast for the company's main revenue from 2024 to 2026 is CNY 39.995 billion, CNY 41.754 billion, and CNY 43.383 billion, respectively, with net profits projected at CNY 6.351 billion, CNY 6.869 billion, and CNY 7.333 billion [4][6] - The current price-to-earnings ratio (PE) is projected to be 6.7, 6.2, and 5.8 for the years 2024, 2025, and 2026, respectively [4]

本报告仅供 Choice 东方财富 使用，请勿传阅。 公司快报 2024 年 03 月 28 日 神 火股份(000933.SZ) 证券研究报告 审计调整前三季度盈利,煤铝价格回调 铝 投资评级 买入-A 全年业绩同比回落 维持评级 6个月目标价 22.5元 事件：公司发布2023年年报，2023年公司营业收入 376.25亿 股价 (2024-03-27) 19.00元 元，同比减少 11.89%；归母净利润 59.05亿元，同比减少 22.07%； 扣非归母净利润 58.20亿元，同比减少 25.16%。其中2023Q4 营 交易数据 业收入 96.02 亿元，环比增长 0.86%；归母净利润 14.70 亿元， 总市值(百万元) 42,744.46 环比微跌 0.33%；扣非归母净利润 14.39亿元，环比增长 1.58%。 流通市值(百万元) 42,530.84 公司审计调整前三季度营收与利润，调整之后前三季度营收较 总股本(百万股) 2,249.71 调整前减少6.07 亿元，归母净利润增加3.33 亿元，扣非归母净 流通股本(百万股) 2,238.47 利润增加 3.33 亿元。2023 年受云南 ...

Investment Rating - The report maintains an "Accumulate" rating for the company Shenhuo Co., Ltd. (000933) [2] Core Views - The company's performance has declined due to falling coal and aluminum prices, but a tax rate adjustment has partially boosted profits [2] - The profitability of the electrolytic aluminum segment is expected to rise in the long term, supported by increasing domestic demand and limited new capacity [2][3] Summary by Sections Financial Performance - In 2023, the company achieved operating revenue of 37.625 billion yuan, a year-on-year decrease of 11.89% - The net profit attributable to shareholders was 5.905 billion yuan, down 22.07% year-on-year - Basic earnings per share (EPS) was 2.65 yuan, a decrease of 21.83% year-on-year - The company plans to distribute a cash dividend of 8 yuan per 10 shares (tax included) [2][3] Production and Sales - In 2023, the company produced 1.518 million tons of aluminum products, a decrease of 7.2% year-on-year, and sold 1.5273 million tons, down 6.1% year-on-year - The revenue from aluminum products was 25.294 billion yuan, a decline of 10.5% year-on-year, with a gross profit of 6.037 billion yuan, down 20.0% year-on-year - Coal production reached 7.1696 million tons, an increase of 5.3% year-on-year, with sales of 7.2477 million tons, up 7.4% year-on-year, generating revenue of 8.012 billion yuan, down 18.9% year-on-year [2][3] Future Outlook - The company is advancing its downstream aluminum foil projects, which are expected to become new profit growth points - The second phase of the 60,000-ton new energy battery material project is progressing well, with full production expected by August 2024 - The company anticipates that net profits will gradually improve from 2024 to 2026, with projected net profits of 6.256 billion, 6.715 billion, and 6.941 billion yuan respectively [3][4]