Group 1: Performance and Production Capacity - In 2024, the company achieved an operating income of 8.178 billion yuan, a year-on-year increase of 6.1%, and a net profit of 511 million yuan, up 26.8% year-on-year [18] - The company has a production capacity of 410,000 tons of phosphate rock per year, with the Mianzhu Banpenzi phosphate mine expected to produce 60,000 tons annually [8] - The company is advancing the construction of the De'a and Panzhihua phosphate projects, with the De'a project having a production capacity of 20,000 tons of lithium iron phosphate and 40,000 tons under trial production [2][7] Group 2: Market and Shareholder Management - The company plans to distribute a cash dividend of 2.66 billion yuan (including tax), accounting for 50% of the annual net profit [6][24] - A total of 124.6 million shares (6.60% of total share capital) are expected to be unlocked on July 21, 2025, related to the acquisition of Tianrui Mining [12][13] - The company has no current plans for stock repurchase but emphasizes maintaining shareholder value through various strategies [4][23] Group 3: Strategic Development and R&D - The company is focused on developing differentiated new products in the field of lithium iron phosphate and lithium battery materials to meet diverse customer needs [1][2] - The company aims to strengthen its R&D capabilities and product quality while continuously developing new products to satisfy specific market demands [7][16] - The company is committed to a development strategy based on "scarce resources + core technology + industrial integration + advanced mechanisms" to enhance its competitive edge [21][24] Group 4: Future Outlook and Industry Position - The company is positioned to benefit from the increasing penetration of new energy vehicles and the growth of the energy storage industry [24] - The company aims to become a leading domestic and internationally recognized enterprise in the phosphate chemical and new energy materials sectors [9][24] - The company is actively seeking to integrate high-potential assets to enhance its industrial chain and maintain a competitive advantage in the market [11][17]

3.第一季度报告是否经审计 □是 R否 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002312 证券简称：川发龙蟒 公告编号：2025-030 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）声明：保证季度报告中财务信 息的真实、准确、完整。 一、主要财务数据 （一）主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 R否 注：报告期内，由于对联营企业的投资收益同比下降，致使公司归母净利润略有下降，剔除前述影响 后，公司营业收入、经营性净利润同比均实现较好增长。 （二）非经常性损益项目和金额 R适用 □不适用 单位：元 其他符合非经常性损益定义的损益项目的具体情况 □适用 R不适用 将《公开发行证券的公司信息披露解释性公告第1号——非经常性损益》中列举的非经常性损益项目界 定为经常性损益项目的情况说 ...

四川发展龙蟒股份有限公司 证券代码：002312 证券简称：川发龙蟒 公告编号：2025-033 为充分尊重投资者、提升交流的针对性，现就公司 2024 年度网上业绩说明 会提前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2025 年 5 月 7 日（星期三）15:00 前登陆深圳证券交易所"互动易"平台"云访谈" 栏目（http://irm.cninfo.com.cn）或扫描下方二维码，进入公司本次年度业绩说明 会界面提问。公司将在 2024 年度网上业绩说明会上对投资者普遍关注的问题进 行回复交流，欢迎广大投资者积极参与。 特此公告。 四川发展龙蟒股份有限公司董事会 二〇二五年四月二十七日 关于举办 2024 年度网上业绩说明会的公告 本公司及董事会全体成员保证公告信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或者重大遗漏。 四川发展龙蟒股份有限公司（以下简称"公司"）已于 2025 年 4 月 23 日在巨 潮资讯网（www.cninfo.com.cn）披露了《2024 年年度报告》全文及摘要。为便于 广大投资者进一步了解公司生产经营情况、未来发展战略等，公司定于 2025 ...

Financial Data and Indicators - The basic earnings per share for Q1 2025 remained unchanged at 0.0500 CNY compared to Q1 2024, while it decreased from 0.0800 CNY in Q1 2023 [1] - The net asset per share increased by 3.9% to 5.06 CNY from 4.87 CNY in Q1 2024, and from 4.91 CNY in Q1 2023 [1] - The undistributed profits per share rose by 21.18% to 1.03 CNY compared to 0.85 CNY in Q1 2024, and from 0.89 CNY in Q1 2023 [1] - The operating revenue for Q1 2025 was 20.84 billion CNY, marking a 24.64% increase from 16.72 billion CNY in Q1 2024, and an increase from 19.95 billion CNY in Q1 2023 [1] - The net profit for Q1 2025 was 1.03 billion CNY, a slight decrease of 0.96% from 1.04 billion CNY in Q1 2024, and a decrease from 1.5 billion CNY in Q1 2023 [1] - The return on equity for Q1 2025 was 1.08%, down from 1.13% in Q1 2024 and from 1.60% in Q1 2023 [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 75,785.74 million shares, accounting for 43.09% of the circulating shares, with a decrease of 1,305.70 million shares compared to the previous period [2] - Sichuan Advanced Materials Industry Investment Group Co., Ltd. holds 38,586.52 million shares, representing 21.94% of the total share capital, with no change [2] - Li Jiaquan holds 31,489.36 million shares, accounting for 17.90% of the total share capital, with no change [2] - The South China CSI 1000 ETF decreased its holdings by 88.50 million shares [2] - UBS AG exited the top ten shareholders in the latest report [2] Dividend Distribution - The company will not distribute dividends or transfer shares in this period [3]

四川发展龙蟒股份有限公司 第七届监事会第九次会议决议公告 本公司及监事会全体成员保证公告信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或者重大遗漏。 一、监事会会议召开情况 证券代码：002312 证券简称：川发龙蟒 公告编号：2025-032 表决结果：同意 3 票，反对 0 票，弃权 0 票。 三、备查文件 1、第七届监事会第九次会议决议 特此公告。 四川发展龙蟒股份有限公司（以下简称"公司"）第七届监事会第九次会议通 知于 2025 年 4 月 18 日以邮件形式发出，会议于 2025 年 4 月 25 日上午 11:00 以 通讯表决方式召开。本次会议由监事会主席张小敏女士主持，会议应出席监事 3 名，实际出席监事 3 名，公司高级管理人员列席了本次会议。会议的召集、召开 程序符合《公司法》和《公司章程》的有关规定，会议表决合法有效。 二、监事会会议审议情况 经与会监事审议并记名投票表决，会议通过了如下议案： （一）审议通过了《关于<2025 年第一季度报告>的议案》 同意公司《2025 年第一季度报告》。 经审查，监事会认为，董事会编制和审核公司《2025 年第一季度报告》的程 序符合法 ...

证券代码：002312 证券简称：川发龙蟒 公告编号：2025-031 四川发展龙蟒股份有限公司 第七届董事会第十次会议决议公告 本公司及董事会全体成员保证公告信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 四川发展龙蟒股份有限公司（以下简称"公司"）第七届董事会第十次会议 通知于 2025 年 4 月 18 日以邮件形式发出，会议于 2025 年 4 月 25 日上午 10:00 以通讯表决方式召开，会议应出席董事 9 名，实际出席董事 9 名。本次会议由董 事长朱全芳先生主持，公司全体监事和高级管理人员列席了本次会议。会议的召 集、召开程序符合《公司法》和《公司章程》的有关规定，会议表决合法有效。 二、董事会会议审议情况 经与会董事审议并记名投票表决，会议通过了如下议案： （一）审议通过了《关于<2025 年第一季度报告>的议案》 同意公司《2025 年第一季度报告》。 具体详见公司同日披露在《中国证券报》《上海证券报》《证券时报》《证 券日报》及巨潮资讯网（www.cninfo.com.cn）上的相关公告。 本项议案已经公司第七届董事会审计委员会第五次会 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥2,084,436,086.14, representing a 24.70% increase compared to ¥1,671,591,008.24 in the same period last year[4] - The net profit attributable to shareholders was ¥103,260,371.64, showing a slight decrease of 0.24% from ¥103,508,332.96 year-on-year[4] - The net profit after deducting non-recurring gains and losses increased by 3.93% to ¥103,486,070.29 from ¥99,570,024.53 in the previous year[4] - Operating profit for Q1 2025 was ¥127,391,867.59, compared to ¥119,071,276.34 in Q1 2024, reflecting an increase of about 6.0%[18] - Net profit for Q1 2025 was ¥102,600,001.57, slightly down from ¥104,031,197.59 in Q1 2024, indicating a decrease of approximately 1.4%[19] - Total operating costs for Q1 2025 were ¥1,984,897,255.68, up from ¥1,612,442,418.54 in Q1 2024, marking an increase of approximately 23.1%[17] Cash Flow - The net cash flow from operating activities was -¥372,891,262.18, a decline of 36.33% compared to -¥273,528,844.19 in the same period last year[4] - Cash flow from operating activities showed a net outflow of ¥372,891,262.18 in Q1 2025, worsening from a net outflow of ¥273,528,844.19 in Q1 2024[19] - Financing activities generated a net cash inflow of ¥1,421,022,181.35 in Q1 2025, compared to ¥595,358,141.83 in Q1 2024, an increase of approximately 138.5%[20] Assets and Liabilities - Total assets at the end of the reporting period reached ¥20,102,339,629.16, up 9.44% from ¥18,368,620,911.46 at the end of the previous year[4] - As of March 31, 2025, the company reported total assets of RMB 20.102 billion, an increase from RMB 18.369 billion at the beginning of the period, reflecting a growth of approximately 9.4%[15] - Total liabilities rose to RMB 10.342 billion from RMB 8.712 billion, indicating an increase of approximately 18.7%[15] - The company’s equity attributable to shareholders reached RMB 9.554 billion, up from RMB 9.449 billion, showing a slight increase of about 1.1%[16] Investments - The company’s investment income decreased by 42.57% to ¥30,923,580.66 from ¥53,848,624.46 year-on-year, primarily due to changes in the profits of joint ventures[9] - The company acquired a 10% stake in Sichuan Development Tiansheng Mining Co., Ltd. for RMB 263.266 million, securing access to the Xiaogou Phosphate Mine with a total resource of 401 million tons and a designed production capacity of 5.5 million tons per year[12] - The company’s subsidiary, Nanzhang Longmang, purchased 60% of Tianbao Animal Nutrition Technology Co., Ltd. for RMB 432 million, enhancing its position in the feed-grade dicalcium phosphate industry[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 234,088[10] Other Financial Metrics - The weighted average return on net assets was 1.08%, a decrease of 0.05 percentage points from 1.13% in the previous year[4] - The company reported a 95.87% increase in receivables financing to ¥187,069,740.95 from ¥95,506,138.00, attributed to increased operating revenue[8] - The company’s cash and cash equivalents increased to RMB 3.603 billion from RMB 2.951 billion, representing a growth of about 22.1%[14] - The company’s current assets totaled RMB 6.575 billion, compared to RMB 5.216 billion at the beginning of the period, marking an increase of approximately 26.1%[14] - The company’s long-term borrowings increased significantly to RMB 4.346 billion from RMB 2.961 billion, reflecting an increase of approximately 46.6%[15] - The company’s inventory decreased slightly to RMB 1.143 billion from RMB 1.175 billion, a decline of about 2.7%[14] - The company’s accounts payable rose to RMB 1.240 billion from RMB 1.032 billion, indicating an increase of approximately 20.1%[15] - Research and development expenses decreased to ¥27,410,561.93 in Q1 2025 from ¥38,268,132.18 in Q1 2024, a reduction of about 28.4%[17] - Cash and cash equivalents at the end of Q1 2025 totaled ¥2,813,412,544.49, a decrease from ¥2,870,653,841.63 at the end of Q1 2024[20] - The basic and diluted earnings per share remained stable at ¥0.05 for both Q1 2025 and Q1 2024[19]

2025年4月25日 公司研究 24 年工铵及肥料量利齐升,持续拓宽上游资源布局 ――川发龙蟒（002312.SZ）2024 年报点评 要点 事件:公司发布 2024 年年报。2024 年,公司实现营收 81.78 亿元,同比增长 6.10%;实现归母净利润 5.33亿元,同比增长 28.62%;实现扣非后归母净利润 5.11 亿元,同比增长 26.82%。2024Q4，公司单季度实现营收 21.26 亿元，同 比减少 5.87%,环比增长 4.92%;实现归母净利润 1.08亿元,同比增长 20.96%, 环比减少 17.68%。 工铵及肥料量利齐升，24年业绩回升。2024年，公司肥料业务实现营收 38.61 亿元，同比小幅增长 0.3%，对应业务毛利率同比提升 2.3pct;工铵业务实现营 收 20.58 亿元,同比增长 14.7%,对应业务毛利率同比提升 6.3pct;饲料级磷 酸氢钙业务实现营收 9.06 亿元,同比增长 5.2%,对应业务毛利率同比下降 2.8pct。肥料业务毛利率的增长主要得益于公司肥料产能利用率的提升,以及新 型肥料销售占比的提升,2024年公司肥料销售量为 165 万吨,同比 ...

Investment Rating - The report maintains a "Buy" rating for the company [6]. Core Views - The company achieved revenue of 8.178 billion yuan in 2024, a year-on-year increase of 6.10%, and a net profit attributable to shareholders of 533 million yuan, up 28.62% year-on-year [1][4]. - The fertilizer and ammonium production segments both saw increases in volume and profitability, contributing to overall performance growth [2][4]. - The company is actively expanding its upstream resource layout, particularly in lithium and phosphate mining, which is expected to enhance its production capacity significantly by 2028 [3][4]. Summary by Sections Financial Performance - In 2024, the fertilizer business generated revenue of 3.861 billion yuan, a slight increase of 0.3%, with a gross margin improvement of 2.3 percentage points. The ammonium business saw revenue of 2.058 billion yuan, a 14.7% increase, with a gross margin improvement of 6.3 percentage points [2]. - The company reported a total sales volume of 1.65 million tons for fertilizers, up 23.8% year-on-year, and an ammonium sales volume of 386,000 tons, up 9.6% year-on-year [2]. Cost Management - The company successfully reduced management, research and development, and financial expenses by 3.5%, 24.4%, and 40.1% respectively, while sales expenses increased by 7.7%. Overall, the selling and administrative expense ratio decreased by 1.2 percentage points to 6.7% [2]. Resource Expansion - The company is set to achieve an annual phosphate production capacity of 4.1 million tons following the completion of several mining projects. Additionally, it has acquired a 51% stake in a lithium mining company, enhancing its resource base [3]. - The company has initiated production at its lithium iron phosphate project, with further expansions underway [3]. Profit Forecast and Valuation - The profit forecasts for 2025-2027 have been adjusted downward due to lower-than-expected sales prices for some products, with projected net profits of 657 million yuan, 817 million yuan, and 964 million yuan respectively [4][5]. - The company’s overall industry chain is expected to optimize further as it continues to expand its resource layout [4].

| 四川华信(集团)会计师事务所 | | | --- | --- | | | 号金茂礼都南 楼 地址:成都市洗面桥街 18 28 | | （特殊普通合伙） | 电话:（028）85560449 | | | 传真:（028）85560449 | | SI CHUAN HUA XIN (GROUP) CPA | 邮编: 610041 | | | 电邮: schxzhb@hxcpa.com.cn | | (LLP) | | 关于购买四川发展天瑞矿业有限公司 100%股权 业绩承诺期届满的资产减值测试报告的专项审核报告 川华信专（2025）第 0335 号 目录： 1、专项审核报告 2、关于购买四川发展天瑞矿业有限公司 100%股权业绩承诺期届满的资产 减值测试报告 关于四川发展龙蟒股份有限公司购买四川发展天瑞矿业有限公司 100% 股权业绩承诺期届满的资产减值测试报告的专项审核报告 川华信专（2025）第 0335 号 四川发展龙蟒股份有限公司全体股东： 本报告仅供川发龙蟒披露关于购买四川发展天瑞矿业有限公司100%股权于2024年度业 绩承诺期届满的资产减值测试报告使用，不得用作任何其他目的。 四川华信(集团)会 ...