Group 1 - The core viewpoint of the news is that the non-ferrous metal industry is experiencing a strong upward trend, driven by expectations of a rate cut by the Federal Reserve, which has led to increased market optimism and rising prices for industrial metals [1][2] - As of September 11, 2025, the Guozheng Non-Ferrous Metal Industry Index (399395) rose by 1.57%, with significant gains in constituent stocks such as Placo New Materials (300811) up 13.16%, Dongyang Sunshine (600673) up 7.03%, and China Rare Earth (000831) up 5.61% [1] - The non-ferrous ETF fund (159880) also saw an increase of 1.19%, with the latest price reported at 1.53 yuan [1] Group 2 - The Guozheng Non-Ferrous Metal Industry Index tracks 50 prominent securities in the non-ferrous metal sector, reflecting the overall performance of listed companies in this industry on the Shanghai and Shenzhen stock exchanges [2] - As of August 29, 2025, the top ten weighted stocks in the index include Zijin Mining (601899), Northern Rare Earth (600111), and Luoyang Molybdenum (603993), collectively accounting for 50.35% of the index [2]

Company Overview - Tianshan Aluminum Industry Co., Ltd. is located at 9th Floor, ProLogis Building, No. 2389 Zhangyang Road, Pudong New District, Shanghai, established on November 3, 1997, and listed on December 31, 2010 [1] - The company primarily engages in the production and sales of primary aluminum, aluminum deep processing products and materials, prebaked anodes, high-purity aluminum, and alumina [1] - The revenue composition includes 65.26% from aluminum ingots, 24.20% from alumina, 6.89% from aluminum foil and aluminum foil raw materials, 2.10% from high-purity aluminum, and 1.55% from other sources [1] Financial Performance - As of June 30, 2025, Tianshan Aluminum achieved operating revenue of 15.328 billion yuan, representing a year-on-year growth of 11.19% [2] - The net profit attributable to shareholders for the same period was 2.084 billion yuan, with a slight year-on-year increase of 0.51% [2] - Cumulative cash dividends since the A-share listing amount to 6.562 billion yuan, with 3.463 billion yuan distributed in the last three years [3] Stock Performance - As of September 11, Tianshan Aluminum's stock price increased by 2.02%, reaching 10.63 yuan per share, with a total market capitalization of 49.45 billion yuan [1] - The stock has seen a year-to-date increase of 38.56%, with a 3.10% rise over the last five trading days, 9.81% over the last twenty days, and 30.11% over the last sixty days [1] - The number of shareholders as of June 30, 2025, was 49,700, an increase of 4.44% from the previous period, while the average circulating shares per person decreased by 4.25% to 83,175 shares [2] Capital Flow - The net inflow of main funds was 2.6146 million yuan, with large orders accounting for 27.74% of purchases and 23.52% of sales [1] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 113 million shares, a decrease of 10.084 million shares from the previous period [3]

Group 1 - The core point of the announcement is that the actual controller of Tianshan Aluminum, Zeng Chaoyi, has pledged part of his shares, which does not involve major asset restructuring or performance compensation obligations [1] - As of the announcement date, the total number of pledged shares by Zeng Chaoyi and his concerted actors is 13.2 million shares, accounting for 6.76% of his holdings and 2.84% of the company's total share capital, with a corresponding financing balance of 350 million yuan [2] - The pledged shares are primarily used to repay existing debts, and there are no non-operating fund occupations or illegal guarantees that would harm the interests of the listed company [2][3] Group 2 - The company confirms that the current production and operation situation is normal, and Zeng Chaoyi maintains a positive outlook on the company's long-term stable development [3] - Zeng Chaoyi's credit status is good, and he has the ability to repay the funds, with no risk of forced liquidation or transfer of shares, ensuring that there will be no impact on the company's operations or governance [2][3] - The company will continue to monitor the progress of the share pledges and fulfill its information disclosure obligations as required [3]

Company Summary - Tianshan Aluminum Industry (SZ 002532) announced that as of the announcement date, Shihezi Jinlong Energy Industry Chain Co., Ltd. has pledged approximately 309 million shares, accounting for 33.9% of its holdings [1] - Shihezi Jinhui Energy Investment Co., Ltd. has pledged approximately 173 million shares, representing 50% of its holdings [1] - Zeng Chao Yi has pledged approximately 188 million shares, which is 47.77% of his holdings [1] - Zeng Chao Lin has pledged approximately 137 million shares, accounting for 45.42% of his holdings [1] - For the first half of 2025, Tianshan Aluminum's revenue composition is 100% from the aluminum industry [1] - As of the report, Tianshan Aluminum's market capitalization is 48.5 billion yuan [1]

关于实际控制人部分股份质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 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。 一、股东股份质押基本情况 证券代码：002532 证券简称：天山铝业 公告编号：2025-055 天山铝业集团股份有限公司 公司近日接到股东、实际控制人曾超懿函告，获悉其所持有本公司的部分股 份被质押，具体事项如下： | | 是否为控股 | 本次质押 | 占其所 | 占公司 | 是否 | 是否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 股东或第一 | 数量（万 | 持股份 | 总股本 | 为限 | 为补 | 质押起 | 质押到 | 质权人 | 质押 | | 名称 | 大股东及其 | 股） | 比例 | 比例 | 售股 | 充质 | 始日 | 期日 | | 用途 | | | 一致行动人 | | | | | 押 | | | | | | 曾超 | | | | | ...

资料显示，天山铝业集团股份有限公司位于上海市浦东新区张杨路2389弄3号普洛斯大厦9层，成立日期 1997年11月3日，上市日期2010年12月31日，公司主营业务涉及原铝、铝深加工产品及材料、预焙阳 极、高纯铝、氧化铝的生产和销售。主营业务收入构成为：销售自产铝锭65.26%，销售氧化铝 24.20%，销售铝箔及铝箔坯料6.89%，销售高纯铝2.10%，其他(补充)1.55%。 截至6月30日，天山铝业股东户数4.97万，较上期增加4.44%；人均流通股83175股，较上期减少4.25%。 2025年1月-6月，天山铝业实现营业收入153.28亿元，同比增长11.19%；归母净利润20.84亿元，同比增 长0.51%。 分红方面，天山铝业A股上市后累计派现65.62亿元。近三年，累计派现34.63亿元。 9月9日，天山铝业涨0.95%，成交额3.83亿元。两融数据显示，当日天山铝业获融资买入额3581.30万 元，融资偿还3086.35万元，融资净买入494.95万元。截至9月9日，天山铝业融资融券余额合计6.75亿 元。 融资方面，天山铝业当日融资买入3581.30万元。当前融资余额6.56亿元，占流通市 ...

Group 1 - The core point of the article is that Tianshan Aluminum announced the release of 60 million shares by its controlling shareholder, Jinlong Energy, which accounts for 1.29% of the company's total share capital [2] - The release of the pledged shares involves two transactions, with the shares originally pledged to DBS Bank (China) Limited on November 21, 2024, and December 17, 2024, respectively [2] - The date of release for both transactions is September 9, 2025 [2]

证券代码：002532 证券简称：天山铝业 公告编号：2025-053 天山铝业集团股份有限公司 关于控股股东非公开发行可交换公司债券换股进展暨持股 比例变动超过 1%的公告 控股股东石河子市锦隆能源产业链有限公司保证向本公司提供的信息内 容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 近日，公司收到锦隆能源通知，"24 锦隆 EB01"换股 593,741 股，占目前 公司总股本比例为 0.0128%。本次权益变动后，锦隆能源持有公司股份累计被动 减少 593,741 股，锦隆能源及其一致行动人持有公司股份比例被动减少至 41.9997%。现将有关权益变动情况公告如下： | 信息披露义务人 | 石河子市锦隆能源产业链有限公司 | | --- | --- | | 住所 | 新疆石河子开发区北八路21号20307 | | 权益变动时间 | 2025年7月21日至2025年9月5日 | | 权益变动过程 | 2025年7月21日至2025年9月5日期间，"24锦隆EB01"可 | 1 / 4 | | 交换债券持有人换股导致锦隆能源被动 ...

证券代码：002532 证券简称：天山铝业 公告编号：2025-054 一、股东股份质押后续进展 （一）股东股份解除质押 天山铝业集团股份有限公司（以下简称"本公司"或"公司"）近日接到控股 股东石河子市锦隆能源产业链有限公司（以下简称"锦隆能源"）函告，获悉其 所持有本公司的部分股份解除质押，具体事项如下： | 股东 名称 | 是否为控股 股东或第一 大股东及其 | 本次解除质 押股份数量 | 占其所持 股份比例 | 占公司 总股本 | 质押起始日 | 解除质押日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 一致行动人 | (万股) | | 比例 | | | | | 锦隆 | | 3,200.00 | 3.51% | 0.69% | 2024/11/21 | 2025/9/9 | 星展证券 | | 能源 | 是 | | | | | | (中国)有 | | | | 2,800.00 | 3.07% | 0.60% | 2024/12/17 | 2025/9/9 | 限公司 | | 合计 | | 6,000.00 | 6.57% ...

Core Viewpoint - Jushen Logistics Group Co., Ltd. is responding to an inquiry regarding its application to issue convertible bonds, highlighting recent financial performance and operational challenges, particularly in its transportation and warehousing segments [1][2]. Financial Performance - In Q1 2025, the company reported a net profit of -3.01 million yuan and a negative cash flow from operating activities of -36.73 million yuan, contrasting with a revenue of 259.60 million yuan, which represents a year-on-year growth of 22.74% [2][4]. - The company's transportation revenue for the reporting period was 970.05 million yuan, while warehousing revenue was 107.38 million yuan, indicating a significant reliance on transportation services [2][4]. Operational Challenges - The decline in net profit despite revenue growth is attributed to a decrease in gross margin by 4.84 percentage points, primarily due to losses in the Guinea land transportation business, which reported a gross margin of -135.71% [4][5]. - Management expenses increased by 74.39% year-on-year, largely due to the expansion of the management team for the Guinea operations, while financial expenses surged by 160.67% due to increased borrowing and foreign exchange losses [4][5]. Client Relationships - The company has deepened its collaboration with Tianshan Aluminum Group, becoming its exclusive service provider for certain logistics services starting in 2024, which positions Tianshan as the company's largest client [2][4]. - The emergence of Guangxi Fusheng Logistics as a top client shortly after its establishment raises questions about the sustainability and rationale behind this relationship, given its low registered capital [2][4]. Cash Flow and Debt Management - The company anticipates sufficient cash flow to cover the principal and interest of the proposed convertible bonds, with a projected operating cash flow of 46.38 million yuan for the first half of 2025 [5][10]. - The issuance of convertible bonds is seen as a strategic move to mitigate debt repayment pressure, with a relatively low interest rate compared to traditional debt instruments [10][12]. Business Model and Market Position - The company operates in the non-ferrous metal logistics sector, focusing on integrated logistics services, including transportation and warehousing, which are interlinked but can also operate independently [11][12]. - The company has established a strong market presence in key regions, with over 900,000 square meters of warehouse space, enhancing its competitive edge in the logistics market [14][15].