证券代码：002532 证券简称：天山铝业 公告编号：2025-017 天山铝业集团股份有限公司 第六届监事会第十一次会议决议公告 本公司及监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、 监事会会议召开情况 天山铝业集团股份有限公司（以下简称"公司"）第六届监事会第十一次会 议于 2025 年 4 月 17 日 15:00 在上海市浦东新区张杨路 2389 弄 3 号普洛斯大厦 9 层会议室召开，会议通知于 2025 年 4 月 7 日以电子邮件方式向全体监事发出。 会议采取现场表决方式召开，应到监事 3 人，实到监事 3 人。本次监事会会议由 监事会主席刘素君主持，董事会秘书、证券事务代表列席了会议。本次监事会会 议的召开符合法律法规和公司章程的规定。 二、监事会会议审议情况 1、以 3 票同意、0 票反对、0 票弃权，审议通过了《关于<2024 年年度报告> 及其摘要的议案》。 监事会认为：董事会编制和审议公司《2024 年年度报告》及摘要的程序符合 法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了公司 的实际情况，不存在任何虚假记载、误导 ...

Financial Performance - The company expects a net profit attributable to shareholders of 105,000,000 CNY for Q1 2025, a 46% increase from 71,981,980 CNY in the same period last year[3] - The net profit after deducting non-recurring gains and losses is projected to be 103,000,000 CNY, also reflecting a 46% increase from 70,563,520 CNY year-on-year[3] - Basic earnings per share are expected to be 0.23 CNY, up from 0.16 CNY in the previous year[3] Factors Influencing Performance - The increase in performance is attributed to higher average sales prices and sales volumes of self-produced alumina and aluminum ingots compared to the previous year[5] - The production cost increase was lower than the sales price increase, leading to profit growth in both the alumina and electrolytic aluminum segments[5] - The company has actively promoted energy conservation and cost reduction, resulting in decreased logistics and financial expenses compared to the previous year[5] Forecast and Estimates - The performance forecast is based on preliminary estimates by the company's finance department, and actual financial data will be disclosed in the Q1 2025 report[6]

Profit Distribution - The profit distribution plan approved by the board proposes a cash dividend of 2 RMB (including tax) for every 10 shares, totaling 922,716,423 RMB distributed during the 2024 interim profit distribution, which represents 41.42% of the net profit attributable to shareholders for the year [5]. - The company reported a total cash dividend of 1,845,432,846 RMB for the 2024 fiscal year, based on a base of 4,613,582,115 shares [5]. - The company distributed dividends totaling ¥1.615 billion in 2024, a substantial increase from ¥926 million in the previous year [76]. - The proposed cash dividend for 2024 is CNY 2 per 10 shares, totaling CNY 922,716,423.00 (including tax), which represents 43.66% of the net profit attributable to shareholders [166]. - The total dividend amount for 2024, including other methods, is CNY 1,945,435,246.00, accounting for 43.66% of the net profit attributable to shareholders [166]. - The company’s cash dividend policy complies with its articles of association and adequately protects the rights of minority shareholders [162]. Financial Performance - The company's operating revenue for 2024 was ¥28,089,427,344.57, a decrease of 3.06% compared to ¥28,974,772,367.83 in 2023 [6]. - Net profit attributable to shareholders increased by 102.03% to ¥4,455,407,938.46 in 2024 from ¥2,205,311,394.06 in 2023 [6]. - The net profit after deducting non-recurring gains and losses rose by 128.80% to ¥4,308,619,379.14 in 2024 compared to ¥1,883,104,476.20 in 2023 [6]. - Cash flow from operating activities increased by 33.29% to ¥5,220,175,251.35 in 2024 from ¥3,916,335,057.57 in 2023 [6]. - Basic and diluted earnings per share doubled to ¥0.96 in 2024 from ¥0.48 in 2023 [6]. - The weighted average return on equity improved to 17.38% in 2024 from 9.44% in 2023, an increase of 7.94 percentage points [6]. - The company achieved a net profit of 4.455 billion yuan in 2024, representing a year-on-year increase of 102.03% [117]. Business Transformation - The company has undergone a significant business transformation, shifting its main operations from the development, production, and sales of water pumps and control equipment to the production and sales of electrolytic aluminum, prebaked anodes, high-purity aluminum, bauxite, alumina, and battery aluminum foil [20]. - The company operates in the aluminum industry, focusing on the production and sales of electrolytic aluminum, alumina, prebaked anodes, and high-purity aluminum [32]. Production and Sales - The company achieved a record production of 1.1759 million tons of electrolytic aluminum, a year-on-year increase of approximately 1% [48]. - The company’s alumina production reached 2.2789 million tons, a year-on-year increase of 7.55% [48]. - The company’s high-purity aluminum sales volume increased by approximately 50% year-on-year, driven by domestic market demand recovery and successful new customer development [49]. - The production volume of electrolytic aluminum reached 1.1759 million tons, a year-on-year increase of approximately 1%, while alumina production was 2.2789 million tons, up 7.55% year-on-year [59]. - The average selling price of self-produced electrolytic aluminum was approximately CNY 19,800 per ton (including tax), up about 6% year-on-year [49]. - The sales volume of self-produced aluminum ingots decreased by 4.30% to 107.25 thousand tons, while production volume increased by 0.89% to 117.59 thousand tons [63]. - The company reported a significant increase in sales of aluminum foil and aluminum foil raw materials, with sales volume rising by 3,516.67% to 2.17 thousand tons [63]. Market Conditions - As of the end of 2024, China's electrolytic aluminum production capacity reached 44.62 million tons per year, hitting the national cap set by the Ministry of Industry and Information Technology [38]. - In 2024, China's electrolytic aluminum production was 43.46 million tons, a year-on-year increase of 4.3%, while the consumption volume was 45.18 million tons, growing by 5.5% [38]. - The average price of SHFE aluminum futures in March 2024 was 19,996 RMB per ton, reflecting an 8.2% year-on-year increase [39]. - The weighted average cost of electrolytic aluminum in China for 2024 was 17,717 RMB per ton, up 7.4% year-on-year, primarily due to a significant rise in alumina prices [39]. - By 2024, China's dependence on imported bauxite reached 70.8%, with approximately 70% of imports sourced from Guinea, indicating heightened supply risks [37]. - The global aluminum supply remains tight due to energy shortages outside of China, leading to production cuts in other regions [36]. - The aluminum industry is expected to see limited capacity growth in China due to strict supply-side reforms since 2017, with no new capacity approvals [36]. - The Chinese aluminum consumption accounts for about half of the global total, with significant demand growth anticipated in the renewable energy sector [36]. Environmental and Sustainability Efforts - The company is committed to green and low-carbon transformation in the electrolytic aluminum industry, continuously reducing energy consumption and emissions [117]. - The company has established a robust environmental management system certified to ISO 14001 standards, applicable to its production processes [195]. - The company invested a total of 188.9793 million yuan in environmental governance and protection during the reporting period, including 5.6846 million yuan in environmental protection tax [190]. - The company achieved a "zero" wastewater discharge goal through the use of integrated purifiers, with wastewater being recycled back into the circulation system [187]. - The company has implemented advanced technologies for carbon reduction, including large prebaked electrolytic cell technology and dry stacking of red mud, which are among the most advanced in the country [192]. - Tianshan Aluminum has implemented strict measures to ensure that all emissions are within regulatory limits, with no instances of exceeding discharge standards reported [178]. - The company is actively engaged in environmental protection and has established a comprehensive pollution control system across its operations [175]. Research and Development - R&D investment amounted to ¥1,472,703,200.42 in 2024, reflecting a 10.85% increase from ¥1,328,613,164.93 in 2023, with R&D investment accounting for 5.24% of operating revenue [75]. - R&D personnel increased to 1,103 in 2024, a rise of 16.72% from 945 in 2023, with the proportion of R&D personnel in the company reaching 16.33% [74]. - The company is focusing on developing energy-efficient aluminum electrolysis equipment to reduce energy consumption and emissions, contributing to green development [73]. - The project aims to achieve a production rate of AL99.9% above 95% for high-purity aluminum, enhancing the company's competitive edge in the market [73]. Governance and Management - The company has established a complete governance structure, adhering to relevant laws and regulations, and has conducted four shareholder meetings during the reporting period [123][124]. - The company has a robust governance framework that includes independent directors and various specialized committees to enhance decision-making efficiency [124]. - The company maintains independence from its controlling shareholders in business, personnel, assets, and financial systems, ensuring autonomous operational capabilities [128]. - The company has a clear and independent asset ownership structure, with complete control over its assets [131]. - The company has a fully independent organizational structure, ensuring no influence from controlling shareholders [132]. Employee and Community Engagement - The company has conducted various training programs, including 200 participants in the new apprentice training and 323 individuals receiving relevant certificates in vocational skills training [159]. - The company has successfully organized a skills competition with over 7,000 participants across the group [159]. - The company donated 200,000 yuan to Xinhe County First Primary School for the construction of a sports facility, significantly improving local youth sports activities [199]. - The company organized various cultural activities during the 2024 Spring Festival to enrich the spiritual and cultural life of employees and their families [200]. - A knowledge lecture on "Stress and Mental Health" was held for over 60 female employees, enhancing their well-being [200]. Risks and Challenges - The company faces risks from macroeconomic fluctuations and industry cycles, which could negatively impact sales and performance if economic downturns occur [109]. - Raw material and energy price volatility poses a risk, as significant price increases in alumina, petroleum coke, and electricity could adversely affect operational performance [109]. - The company is exposed to aluminum ingot price fluctuations, which could impact profitability if market prices decline significantly [110]. - Safety production risks exist due to the hazardous nature of aluminum production; however, the company has implemented strict safety management measures and has not faced major accidents during the reporting period [111].

证券代码：002532 证券简称：天山铝业 公告编号：2025-020 1、2024 年度财务状况 天山铝业集团股份有限公司 关于公司 2024 年度利润分配预案的公告 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。 一、审议程序 天山铝业集团股份有限公司（以下简称"公司"）于 2025 年 4 月 17 日召开第 六届董事会第十三次会议，以 5 票同意、0 票反对、0 票弃权，审议通过了《关 于公司 2024 年度利润分配预案的议案》；于 2025 年 4 月 17 日召开第六届监事 会第十一次会议，以 3 票同意、0 票反对、0 票弃权，审议通过了《关于公司 2024 年度利润分配预案的议案》。 本次利润分配方案尚需提交公司 2024 年年度股东大会审议。 二、利润分配预案的基本情况 （一）本次利润分配预案的基本内容 根据中审众环会计师事务所（特殊普通合伙）对公司 2024 年度财务报表的 审计结果，公司 2024 年 度 合 并 报 表 归 属 于 上 市 公 司 股 东 的 净 利 润 为 4,455,407,938.46 元，根据《公司章程》的规定， ...

天山铝业（002532）公告，2025年1月1日至2025年3月31日，预计归属于上市公司股东的净利润为10.5 亿元，同比增长46%；扣除非经常性损益后的净利润为10.3亿元，同比增长46%；基本每股收益为0.23 元/股，同比增长46%。公司业绩增长主要由于自产氧化铝及铝锭对外销售均价和销售量同比提升，以 及生产成本同比涨幅小于销售价格涨幅，氧化铝板块及电解铝板块利润同比实现增长。同时，公司积极 推进节能降耗及降本增效，物流费用及财务费用同比下降，进一步增强自身电解铝一体化成本竞争力。 ...

证券代码：002532 证券简称：天山铝业 公告编号：2025-014 天山铝业集团股份有限公司 回购报告书 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： 截至本公告披露日，公司已经取得中国工商银行股份有限公司新疆维吾尔自 治区分行的《贷款承诺函》，中国工商银行股份有限公司新疆维吾尔自治区分行 承诺向本公司提供股票回购贷款人民币 27,000 万元（大写：贰亿柒仟万元整）， 贷款期限不超过 3 年。 2、回购方案的审议程序 公司于 2025 年 4 月 9 日召开第六届董事会第十二次会议，审议通过了《关 于以集中竞价交易方式回购公司股份方案的议案》。 3、回购专用证券账户的开立情况 公司已在中国证券登记结算有限责任公司深圳分公司开立回购专用证券账 1、回购方案的主要内容 天山铝业集团股份有限公司（以下简称"公司"）拟使用股票回购专项贷款和 自有资金以集中竞价交易方式回购公司发行在外的部分 A 股普通股股票。本次 用于回购股份的资金总额不低于人民币 20,000 万元（含），不超过人民币 30,000 万元（含）。在本次回购股份价格不超过 10 ...

证券代码：002532 证券简称：天山铝业 公告编号：2025-015 天山铝业集团股份有限公司 关于回购股份事项前十名股东和前十名无限售条件股东持 股情况的公告 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。 天山铝业集团股份有限公司（以下简称"公司"）于 2025 年 4 月 9 日召开第 六届董事会第十二次会议，审议通过了《关于以集中竞价交易方式回购公司股份 方案的议 案》， 具 体内容详 见公司 2025 年 4 月 11 日于巨潮资讯网 （http://www.cninfo.com.cn）披露的《第六届董事会第十二次会议决议公告》和 《关于以集中竞价交易方式回购公司股份方案暨取得股票回购专项贷款承诺函 的公告》。 根据《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相关 规定，现将公司董事会公告回购股份决议的前一个交易日（2025 年 4 月 10 日） 登记在册的前十名股东和前十名无限售条件股东的名称及持股数量、比例情况公 告如下： | 序号 | 股东名称/姓名 | 持股数量 | 占公司总股份 | | --- | --- | --- ...

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]

证券代码：002532 证券简称：天山铝业 公告编号：2025-013 天山铝业集团股份有限公司 关于公司对全资子公司和全资孙公司提供担保以及全资子 公司对全资孙公司提供担保的公告 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。 特别提示： 本次担保后，本公司及控股子公司对外担保总额超过最近一期经审计净资产 100%（均为合并报表内单位担保），敬请投资者充分关注担保风险。 一、担保情况概述 （一）担保情况 根据公司业务的发展和生产经营的需要，天山铝业集团股份有限公司（以下 简称"天山铝业""公司"或"本公司"）为中国农业银行股份有限公司石河子市兵团 支行（以下简称"农业银行石河子支行"）对本公司全资子公司新疆生产建设兵团 第八师天山铝业有限公司（以下简称"天铝有限"）享有的 9.45 亿元人民币主债权 提供最高额保证担保、为上海浦东发展银行股份有限公司乌鲁木齐分行（以下简 称"浦发银行乌鲁木齐分行"）对天铝有限享有的 6 亿元人民币主债权提供最高额 保证担保、为北 ...

Core Viewpoint - A total of 13 A-share listed companies have announced share repurchase or increase plans amounting to 200 million yuan or more, with China Railway's chairman proposing the largest repurchase plan of 800 million to 1.6 billion yuan [1][2] Group 1: Company Announcements - China Railway plans to repurchase 800 million to 1.6 billion yuan of its A-shares to reduce registered capital [1][2] - GoerTek announced a repurchase plan of 500 million to 1 billion yuan [2] - Runze Technology's chairman proposed a repurchase of 500 million to 1 billion yuan [2] - Satellite Chemical intends to repurchase 200 million to 400 million yuan of its shares [2] - Yingfeng Environment plans to repurchase 200 million to 300 million yuan of its shares [2] - Tianshan Aluminum aims to repurchase 200 million to 300 million yuan of its shares [2] - Shanghai Electric plans to repurchase 150 million to 300 million yuan of A-shares for reducing registered capital [2] - Sanhuan Group intends to repurchase 150 million to 200 million yuan of its shares [2] - Xiyu Co. proposes a repurchase of 100 million to 200 million yuan for reducing registered capital [2] - Inspur Information's chairman proposed a repurchase of 200 million to 300 million yuan, while Inspur Group plans to increase its stake by 100 million to 200 million yuan [1][2] - New Fengming's controlling shareholder intends to increase its stake by 200 million to 300 million yuan [2] - BaoTi's controlling shareholder plans to increase its stake by 150 million to 300 million yuan [2] - Anhui Hefei's controlling shareholder intends to increase its stake with a total investment of 100 million to 200 million yuan [2]