Group 1: Shareholder Information - As of May 9, 2025, the number of shareholders is 22,486 [1][2] Group 2: Aluminum Price Forecast - The price of aluminum is influenced by macroeconomic policies, domestic and international economic conditions, and supply-demand relationships [1] Group 3: Recycling Project Progress - The 200,000-ton aluminum recycling project consists of two phases: Phase 1 (100,000 tons) was completed in 2020, and Phase 2 (100,000 tons) was completed in 2023, aimed at reducing production costs and promoting sustainable development [2] Group 4: Major Asset Restructuring - The company is actively progressing with the major asset restructuring plan announced on January 7, 2025, with due diligence, auditing, and evaluation currently ongoing [3] - The final restructuring plan will be submitted to the board and regulatory authorities after the completion of related work [3] - The company emphasizes the protection of minority shareholders' interests during the restructuring process [3]

股票代码：002379 股票简称：宏创控股 公告编号：2025－024 山东宏创铝业控股股份有限公司 关于参加 2025 年山东辖区上市公司投资者网上 集体接待日活动的公告 山东宏创铝业控股股份有限公司董事会 二〇二五年五月十三日 为进一步加强与投资者的互动交流，山东宏创铝业控股股份有限公司（以下 简称"公司"）将参加由山东证监局、山东上市公司协会与深圳市全景网络有限 公司联合举办的"2025 年山东辖区上市公司投资者网上集体接待日活动"，现 将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号（名称：全景财经）；或下载全景 路演APP,参与本次互动交流。活动时间为2025年5月15日（周四）15:00-16:30。 届时公司高管将在线就公司2024年度业绩、公司治理、发展战略、 经营状况、 融资计划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交 流，欢迎广大投资者踊跃参与！ 特此公告！ 本公司及董事会全体成员保证信息披露内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 ...

2.截至本公告披露日，除本次交易预案披露的重大风险外，公司尚未发现可 能导致公司董事会或者交易对方撤销、中止本次交易方案或者对本次交易方案做 出实质性变更的相关事项，本次交易工作正在有序进行中。本次交易尚需公司董 事会再次审议及公司股东大会审议批准，并经深圳证券交易所审核通过和中国证 监会予以注册后方可正式实施。本次交易能否取得相关批准、审核并注册以及最 终取得批准、审核并注册的时间均存在不确定性。最终能否成功实施存在不确定 性，敬请广大投资者注意投资风险。 一、本次交易的历史信息披露情况 因筹划重大资产重组事项，经向深圳证券交易所申请，公司证券（证券品种： A 股股票，证券简称：宏创控股，证券代码：002379）已于 2024 年 12 月 23 日 开市时起停牌。具体内容详见公司于 2024 年 12 月 23 日在巨潮资讯网披露的《关 于筹划发行股份购买资产暨关联交易事项的停牌公告》（公告编号：2024-048）。 股票代码：002379 股票简称：宏创控股 公告编号：2025－023 山东宏创铝业控股股份有限公司 关于发行股份购买资产暨关联交易事项的进展公告 本公司及董事会全体成员保证信息披露内容的真 ...

Group 1 - The aluminum processing industry involves the use of plastic processing methods to convert aluminum ingots into products such as aluminum profiles, plates, and foils [1] - Major upstream processes include the production of electrolytic aluminum and recycled aluminum, which require bauxite and alumina processing [1] - The aluminum processing products are widely used in various sectors including transportation, packaging, construction, aerospace, and electrical machinery [1] Group 2 - Key listed companies in the aluminum processing industry include Tianshan Aluminum (002532), Mingtai Aluminum (601677), China Aluminum (601600), and Nanshan Aluminum (600219) [2][3] - Mingtai Aluminum, Asia Pacific Technology, Nanshan Aluminum, Ding Sheng New Materials, and Hong Chuang Holdings have over 90% of their business focused on aluminum processing [8] - Domestic market sales dominate, with overseas sales being relatively small for most aluminum processing companies [8] Group 3 - In 2023, Mingtai Aluminum, Nanshan Aluminum, and Yun Aluminum reported revenues exceeding 20 billion yuan, with significant variations in gross margins due to the diversity of aluminum processing products [11] - The production output of aluminum processing products is led by Nanshan Aluminum, Mingtai Aluminum, and Yun Aluminum [11] - Companies are focusing on optimizing their business models and enhancing their technological capabilities to meet the growing demand for aluminum in high-end applications [13] Group 4 - Companies are planning to reduce upstream costs, accelerate technological research and development, and increase production capacity as part of their strategic initiatives [13] - Specific plans include Mingtai Aluminum's focus on recycling aluminum and enhancing product quality, while Nanshan Aluminum aims to develop high-end aluminum materials for the automotive and aerospace sectors [15][16] - The industry is expected to continue growing steadily, driven by the increasing application of aluminum in various sectors and the push for carbon neutrality [13]

Group 1 - Macro Holdings (002379.SZ) reported its Q1 2025 results, with 20 institutional investors holding a total of 357 million shares, representing 31.40% of the company's total equity [1] - The top ten institutional investors collectively hold 31.31% of the shares, a decrease of 1.62 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, one fund, Southern CSI 2000 ETF, increased its holdings, while one fund, E Fund CSI 2000 ETF, decreased its holdings [2] - A total of 12 new public funds disclosed their holdings this period, including Ruiyuan Balanced Value Mixed A and CITIC Securities Excellent Growth A [2] - One foreign fund, Swiss Capital Bank, increased its holdings, while Hong Kong Central Clearing Limited reduced its holdings by 0.88% [2]

Core Viewpoint - The company has disclosed its financial performance and significant events, including the issuance of new shares and the provision for asset impairment, reflecting its ongoing financial management and strategic adjustments in response to market conditions [3][6][15]. Financial Data Summary - The company reported a total asset impairment provision of 27,617,741.97 yuan for the first quarter of 2025, which will reduce the net profit attributable to the parent company by 27,588,451.58 yuan after considering tax effects [15][17]. - The company has not restated or adjusted previous years' financial data, indicating stability in its accounting practices [3][4]. Share Issuance and Capital Management - The company received approval from the China Securities Regulatory Commission to issue up to 27,792 million new shares, with the issuance completed on August 4, 2023, increasing the total shares from 926,400,000 to 1,136,373,753 [6][7]. - The company plans to continue using idle raised funds for cash management, with a limit of 400 million yuan for a period not exceeding 12 months [10]. Asset Impairment and Financial Health - The company conducted a comprehensive review of its assets, including inventory and receivables, leading to the decision to provision for asset impairment based on prudence and market conditions [16][18]. - The audit committee has confirmed that the asset impairment provision is in accordance with accounting standards and reflects the company's financial condition accurately [18]. Corporate Governance and Accountability - The board of directors and senior management have guaranteed the accuracy and completeness of the quarterly report, accepting legal responsibility for any misstatements [2][3].

股票代码：002379 股票简称：宏创控股 公告编号：2025－022 山东宏创铝业控股股份有限公司 关于计提资产减值准备的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 为准确反映经营情况，夯实发展基础，根据《企业会计准则》的规定，对 2025 年第一季度资产负债表的各类资产进行初步检查和减值测试，基于谨慎性原则， 对其计提资产减值准备 27,617,741.97 元。 一、本次计提资产减值准备情况概述 1、计提资产减值准备的原因 根据《企业会计准则》《深圳证券交易所股票上市规则》相关规定的要求， 为了更加真实、准确地反映公司截至 2025 年 3 月 31 日的资产状况和财务状况， 公司及子公司于 2025 年第一季度末对存货、应收款项、固定资产、在建工程等 资产进行了全面清查。在清查的基础上，对各类存货的可变现净值、应收款项回 收可能性、固定资产及在建工程的可变现性进行了充分的分析和评估，对可能发 生资产减值损失的资产计提减值准备。 2、本次计提资产减值准备的资产范围、总金额和计入的报告期间 经过公司及子公司对 2025 年第一季度末存在可能发生减 ...

Financial Performance - The company reported a basic earnings per share of -0.0492 yuan for Q1 2025, a decrease of 160.32% compared to -0.0189 yuan in Q1 2024 [1] - Net profit for Q1 2025 was -0.56 billion yuan, representing a decline of 154.55% from -0.22 billion yuan in Q1 2024 [1] - Operating revenue decreased by 4.81% to 7.71 billion yuan in Q1 2025 from 8.1 billion yuan in Q1 2024 [1] - The return on equity was -2.89% in Q1 2025, down from -1.07% in Q1 2024, indicating a significant deterioration in profitability [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 37,482.93 million shares, accounting for 32.97% of the circulating shares, a decrease of 2,429.35 million shares from the previous period [2] - Shandong Hongqiao New Materials Co., Ltd. remains the largest shareholder with 26,109.66 million shares, unchanged from the previous report [3] - Hong Kong Central Clearing Limited saw a reduction of 996.56 million shares, bringing its total to 2,235.84 million shares [3] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares in the current period [3]

Financial Performance - The company's operating revenue for Q1 2025 was ¥770,590,901.77, a decrease of 4.83% compared to ¥809,706,030.19 in the same period last year[5] - The net profit attributable to shareholders was -¥55,898,640.34, representing a decline of 159.60% from -¥21,532,356.00 year-on-year[5] - The basic earnings per share were -¥0.0492, down 160.32% from -¥0.0189 in the same period last year[5] - The company's net loss increased to ¥424,040,384.72 from ¥368,141,744.38, indicating a worsening of about 15.2%[26] - Operating profit was reported at -¥57,160,683.07, a significant decline from -¥20,504,860.98 in the prior period, reflecting a worsening operational performance[28] - The total comprehensive income for the period was -¥55,833,735.06, compared to -¥21,532,356.00 in the prior period, indicating a significant increase in comprehensive losses[29] Cash Flow and Liquidity - The net cash flow from operating activities was -¥85,132,855.54, a significant decrease of 297.57% compared to -¥21,413,535.65 in the previous year[12] - The company's cash and cash equivalents decreased to ¥385,431,503.69 from ¥488,671,335.79, representing a decline of approximately 21.1%[23] - Cash and cash equivalents at the end of the period stood at ¥309,496,442.72, a slight decrease from ¥310,210,301.76 at the end of the previous period[32] - The company experienced a net cash outflow from operating activities of -¥85,132,855.54, compared to -¥21,413,535.65 in the previous period, indicating a deterioration in cash flow management[32] - The company received cash inflows from investment activities totaling ¥192,311,916.71, down from ¥403,310,152.79 in the previous period, indicating a decline in investment returns[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,067,867,849.31, a decrease of 1.90% from ¥3,127,129,297.33 at the end of the previous year[5] - The total liabilities decreased slightly to ¥1,163,867,235.72 from ¥1,167,294,948.68, reflecting a decrease of approximately 0.3%[26] - The accounts receivable increased to ¥209,078,628.75 from ¥159,774,958.63, indicating a rise of about 30.8%[23] - Inventory levels rose to ¥516,525,438.93 from ¥468,959,289.12, showing an increase of approximately 10.2%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,103[13] - The top 10 shareholders hold a total of 261,096,605 shares, with Shandong Hongqiao New Materials Co., Ltd. being the largest shareholder[16] - The company approved a non-public offering of up to 27.792 million new shares, as per the approval from the China Securities Regulatory Commission on January 11, 2023[17] - The company issued 209,973,753 new shares on August 4, 2023, increasing the total shares from 926,400,000 to 1,136,373,753[18] - The company’s total number of shares increased significantly due to the recent issuance, impacting its market capitalization[18] Operational Changes and Future Plans - The company is currently evaluating the investment returns of a project aimed at producing 100,000 tons of high-precision aluminum deep processing from recycled aluminum, due to market conditions[20] - The company is actively pursuing a major asset restructuring, with the stock being suspended from trading since December 23, 2024, and is expected to resume trading on January 7, 2025[21] - Due diligence, auditing, and evaluation related to the asset acquisition are currently ongoing as of the report date[22] - The company held a temporary shareholders' meeting on July 20, 2023, to extend the validity period of the stock issuance resolution[17] Expenses and Costs - Total operating costs for the current period amount to ¥803,793,185.16, down from ¥826,755,837.73 in the previous period, reflecting a reduction of about 2.8%[27] - Research and development expenses rose to ¥12,208,847.50, compared to ¥11,867,211.80, reflecting a year-over-year increase of approximately 2.9%[28] - Sales expenses increased by 39.96% to ¥4,673,005.55, primarily due to higher minimum coverage for export credit insurance[10] - The company experienced a 197.52% increase in credit impairment losses, totaling -¥13,006,114.68, attributed to a rise in accounts receivable[10] - The company recorded a financial expense of ¥991,955.01, a significant increase from a financial income of ¥865,489.50 in the previous period, indicating increased borrowing costs[28]

Investment Rating - The investment rating for the non-ferrous metals industry is "Positive" (maintained) [4] Core Views - Copper prices rebounded after a significant drop, with attention on the ongoing US-China trade dynamics and recession expectations in the US. The weekly performance showed US copper up 3.75%, London copper up 2.97%, and Shanghai copper down 4.6%. The decline in copper prices led to increased downstream activity and accelerated inventory depletion, with copper rod operating rates at 74.76%, up 0.21 percentage points week-on-week. Social inventory of electrolytic copper decreased by 14.80% to 267,200 tons, while Shanghai copper inventory fell by 18.96% to 182,900 tons. Short-term price rebounds may be limited by US recession expectations, with key focus areas being US-China trade developments, US economic and inflation data, and Federal Reserve interest rate expectations. Recommended stocks include Zijin Mining, Luoyang Molybdenum, Jincheng Mining, and Tongling Nonferrous Metals [4] - Aluminum prices fell due to tariff impacts, with signs of weakening demand in the peak season and continued inventory depletion. The alumina market remains oversupplied, with prices dropping 5.12% to 2,870 RMB/ton. The operating capacity of alumina plants decreased by 1.91 million tons to 84.82 million tons/year. Electrolytic aluminum prices fell 3.72% to 19,675 RMB/ton, with profit margins down 15.54% to 3,650 RMB/ton. Overall, the supply side of electrolytic aluminum shows no increase in capacity, leading to a potential shortage this year, which could drive aluminum prices up significantly. Recommended stocks include Hongchuang Holdings, Yun Aluminum, Tianshan Aluminum, Shenhuo Co., and China Aluminum [4] - Lithium prices continued to decline, with carbonate lithium down 3.11% to 71,600 RMB/ton. The supply side remains oversupplied, with inventory increasing by 1.3% to 131,000 tons. Demand growth is hindered by tariff impacts on downstream exports, with expectations for a narrowing of the oversupply throughout the year. Recommended stocks include Yahua Group, Zhongjin Lingnan, Yongxing Materials, and Ganfeng Lithium [4] Summary by Sections 1. Industry Overview - The US March CPI was lower than expected at 2.4%, with initial jobless claims matching expectations at 223,000 [8] 2. Industrial Metals 2.1. Copper - London copper rose 2.97%, while Shanghai copper fell 4.60%. Inventory levels decreased significantly, with Shanghai copper inventory down 18.96% [21][24] 2.2. Aluminum - London aluminum increased by 0.50%, while Shanghai aluminum decreased by 3.72%. The operating profit for aluminum companies fell by 15.54% [33] 2.3. Lead and Zinc - London lead prices fell 0.57%, while Shanghai lead prices decreased by 2.44%. London zinc prices rose 0.34%, but Shanghai zinc prices fell 2.36% [48] 2.4. Tin and Nickel - London tin prices dropped 12.17%, and Shanghai tin prices fell 13.22%. Nickel prices also saw a decline [61] 3. Energy Metals 3.1. Lithium - Lithium carbonate prices fell 3.11% to 71,600 RMB/ton, with continued oversupply in the market [77] 3.2. Cobalt - Overseas MB cobalt prices increased by 0.16% to 15.88 USD/pound, while domestic cobalt prices fell [88]