（一）国家电网有限公司 2025 年第十三批采购（输变电项目第二次线路装置 性材料招标采购）（招标编号：0711-250TL02421004）项目 项目单位：国家电网有限公司 中标产品：角钢塔、钢管塔 中标标包：包 11，包 60，包 135，包 94 近日，国家电网公司电子商务平台（http://ecp.sgcc.com.cn）公布了《国家电网 有限公司2025年第十三批采购（输变电项目第二次线路装置性材料招标采购）中标 公告》及《国家电网有限公司2025年第十四批采购（输变电项目第一次35-330千伏 材料协议库存招标采购）中标公告》。青岛东方铁塔股份有限公司（以下简称"公 司"）及全资子公司合计中标约10,028.88万元，约占公司2024年经审计的营业收入 的2.39%。现将相关项目中标情况公告如下： 一、中标项目概况 证券代码：002545 证券简称：东方铁塔 公告编号：2025-022 青岛东方铁塔股份有限公司 关于项目中标的公告 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。 中标金额：8,969.23 万元 详情请查看国家电网公司电子商务平台相 ...

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 12 日（周一）15:00-17:00。届 时公司董事长韩方如女士、董事兼董事会秘书何良军先生、财务总监周小凡先生、 独立董事张世兴先生将以在线交流形式就公司治理、发展战略、经营状况等投资者 关注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！ 证券代码：002545 证券简称：东方铁塔 公告编号：2025-020 青岛东方铁塔股份有限公司 关于参加 2025 年青岛辖区上市公司投资者 网上集体接待日暨 2024 年度业绩说明会活动的公告 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。 为进一步加强与投资者的互动交流，青岛东方铁塔股份有限公司（以下简称"公 司"）将参加由青岛证监局指导，青岛市上市公司协会与深圳全景网络有限公司联 合举办的"2025年青岛辖区上市公司投资者网上集体接待日暨2024年度业绩说明会 活动"，现将相关事项 ...

证券代码：002545 证券简称：东方铁塔 公告编号：2025-021 2025 年 5 月 8 日 青岛东方铁塔股份有限公司（以下简称"公司"）第八届董事会、监事会任期将 于 2025 年 6 月 8 日届满。鉴于新修订的《中华人民共和国公司法》（以下简称"公 司法"）《上市公司章程指引》及《关于新<公司法>配套制度规则实施相关过渡期安 排》等要求，以及公司换届工作尚在筹备中，为确保公司相关工作的连续性和稳定性， 公司第九届董事会、监事会的换届选举工作将适当延期，董事会各专门委员会、高级 管理人员的任期亦相应顺延。 根据《公司法》《上市公司独立董事管理办法》等相关法律法规、规范性文件的 规定，独立董事在上市公司连续任职时间不得超过 6 年。公司独立董事张世兴先生、 权锡鉴先生自 2019 年 5 月 28 日起担任公司独立董事，连任时间即将满 6 年，由于 公司新一届董事会、监事会换届选举工作尚未完成，张世兴先生、权锡鉴先生将依据 《公司法》等相关规定，继续履行其独立董事及董事会相关专门委员会委员职责，直 至公司股东大会选举出新的独立董事。 在换届工作完成前，公司第八届董事会、监事会全体成员、董事会各专门委 ...

Core Viewpoint - The company reported mixed financial results for 2024, with revenue growth but a decline in net profit, while the first quarter of 2025 showed a recovery in net profit despite a decrease in revenue [1][2]. Financial Performance - In 2024, the company achieved revenue of 4.196 billion yuan, a year-on-year increase of 4.79%, but the net profit attributable to shareholders decreased by 10.97% to 564 million yuan [1] - For Q4 2024, the company reported a revenue of 1.085 billion yuan, a year-on-year decrease of 16.63%, and a net profit of 98 million yuan, down 22.01% year-on-year [1] - In Q1 2025, the company recorded revenue of 954 million yuan, a year-on-year increase of 6.48%, and a net profit of 206 million yuan, up 22.70% year-on-year [1] Business Segments - The potassium chloride business generated revenue of 2.364 billion yuan in 2024, a year-on-year increase of 16.3%, with production rising by 35% to 1.2 million tons and sales increasing by 39% to 1.21 million tons [2] - The construction segment, which includes steel structures and related services, reported revenue of 1.783 billion yuan, a year-on-year decrease of 7.4%, but the gross margin improved by 2.1 percentage points to 9.0% [2] Cost and Expenses - In 2024, the company's sales, management, and R&D expenses increased by 3.5%, 22.0%, and 11.0% respectively, while financial expenses decreased by 64.88 million yuan due to foreign exchange gains from a subsidiary [2] Future Projects and Market Position - The company is actively advancing the construction of a second 1 million tons/year potassium fertilizer project and maintains a leading market share in the steel structure business for power grid procurement [3] - The company holds potassium salt mining rights in Laos with over 400 million tons of pure potassium chloride resources and has a current production capacity of 1 million tons/year [3] - The company has secured contracts worth 383 million yuan from the State Grid and Southern Power Grid for various procurement projects in early 2025 [3] Profit Forecast and Valuation - The company maintains its profit forecast for 2025 but has adjusted the 2026 forecast downward due to slower-than-expected potassium chloride capacity construction, while a new forecast for 2027 has been added [4] - Expected net profits for 2025, 2026, and 2027 are 817 million yuan, 852 million yuan (previously 968 million yuan), and 1.032 billion yuan respectively [4]

Investment Rating - The report maintains an "Accumulate" rating for the company [1] Core Views - The company has significantly increased its potassium chloride production and sales in 2024, and is actively advancing the construction of a second million-ton project [5][6] - In 2024, the company achieved a revenue of 4.196 billion yuan, a year-on-year increase of 4.79%, while the net profit attributable to shareholders decreased by 10.97% to 564 million yuan [4][7] - The company’s potassium chloride business revenue reached 2.364 billion yuan in 2024, up 16.3% year-on-year, with production increasing by 35% to 1.2 million tons and sales rising by 39% to 1.21 million tons [5][6] Summary by Sections Financial Performance - In Q4 2024, the company reported a revenue of 1.085 billion yuan, a decrease of 16.63% year-on-year, and a net profit of 98 million yuan, down 22.01% year-on-year [4] - For Q1 2025, the company achieved a revenue of 954 million yuan, a year-on-year increase of 6.48%, and a net profit of 206 million yuan, up 22.70% year-on-year [4] Business Segments - The construction segment, including steel structures and installation, generated 1.783 billion yuan in revenue in 2024, a decrease of 7.4%, but with an improved gross margin of 9.0% [5] - The company is progressing with its second 1 million tons/year potassium fertilizer project and has a strong market position in the steel structure business, particularly in power grid procurement [6] Profit Forecast and Valuation - The company’s net profit forecasts for 2025, 2026, and 2027 are 817 million yuan, 852 million yuan, and 1.032 billion yuan respectively, with a downward adjustment for 2026 due to slower-than-expected capacity construction [7][8] - The report projects a revenue growth rate of 14.37% for 2025 and a net profit growth rate of 44.74% for the same year [8][11]

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1][11]. Core Views - The company has significantly increased its potassium chloride production and sales, with a focus on expanding its potassium and phosphate mineral resources [5][10]. - The company achieved a revenue of 4.196 billion yuan in 2024, a year-on-year increase of 4.79%, while the net profit attributable to shareholders decreased by 10.97% to 564 million yuan [4][6]. - The report highlights the robust performance of the steel structure manufacturing segment and the substantial growth in potassium chloride production and sales [5][10]. Financial Performance Summary - In 2024, the company reported a revenue of 4.196 billion yuan, with a year-on-year growth of 4.79% [4][6]. - The net profit attributable to shareholders was 564 million yuan, reflecting a decrease of 10.97% compared to the previous year [4][6]. - The sales gross margin was 27.38%, showing a slight increase of 0.18 percentage points year-on-year, while the net profit margin was 13.42%, down by 2.41 percentage points [4][6]. - The potassium chloride segment achieved a revenue of 2.464 billion yuan, a year-on-year increase of 16.31%, despite a decrease in gross margin by 5.19 percentage points to 40.40% [6][10]. Market Outlook - The global potassium fertilizer market is expected to remain tight, with prices showing an upward trend due to seasonal demand and supply constraints [9][10]. - The average price of potassium chloride in Q1 2025 was 2,881 yuan per ton, reflecting a year-on-year increase of 353 yuan per ton [9][15]. - The company is positioned to benefit from the ongoing high demand for potassium fertilizers, with plans to increase its production capacity to 3 million tons in the medium term [10][11]. Earnings Forecast - The company is projected to achieve revenues of 4.724 billion yuan, 4.945 billion yuan, and 5.177 billion yuan for 2025, 2026, and 2027, respectively [11][39]. - The net profit attributable to shareholders is expected to rise to 925 million yuan in 2025, with a growth rate of 64% [11][39]. - The report anticipates a price-to-earnings ratio (P/E) of 10 for 2025, decreasing to 9 by 2027, indicating a favorable valuation outlook [11][39].

Financial Performance - The company's revenue for Q1 2025 was CNY 954,487,028.38, representing a 6.48% increase compared to CNY 896,420,220.37 in the same period last year[5] - Net profit attributable to shareholders increased by 22.70% to CNY 205,859,499.84 from CNY 167,777,790.26 year-on-year[5] - Basic and diluted earnings per share rose by 22.68% to CNY 0.1655, compared to CNY 0.1349 in the same quarter last year[5] - Net profit for the current period was ¥205,857,342.58, up 22.7% from ¥167,821,935.22 in the previous period[18] - The net profit attributable to the parent company was approximately ¥205.86 million, an increase from ¥167.78 million in the previous period, representing a growth of 22.7%[19] - The total comprehensive income amounted to approximately ¥247.26 million, compared to ¥194.70 million in the prior period, reflecting an increase of 27%[19] Cash Flow - The net cash flow from operating activities surged by 157.13% to CNY 528,041,248.59, up from CNY 205,357,965.99 in the previous year[5] - Cash flow from operating activities generated a net amount of approximately ¥528.04 million, significantly higher than ¥205.36 million in the previous period, marking an increase of 156.5%[20] - Cash inflow from operating activities totaled approximately ¥1.23 billion, compared to ¥1.22 billion in the prior period, showing a slight increase of 0.1%[21] - The cash flow from investing activities resulted in a net outflow of approximately ¥348.19 million, a decrease from a net inflow of ¥190.03 million in the previous period[22] - Cash and cash equivalents at the end of the period were approximately ¥1.93 billion, down from ¥2.13 billion at the end of the previous period, a decrease of 9.5%[22] - The company reported a decrease in cash outflow from financing activities, with a net outflow of approximately ¥234.28 million compared to a net outflow of ¥91.33 million in the previous period[22] - The company received cash from borrowings amounting to approximately ¥220 million, down from ¥282.16 million in the previous period, a decrease of 22%[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,882,764,299.04, a 2.27% increase from CNY 13,574,133,877.82 at the end of the previous year[5] - The company's total assets amounted to ¥13,882,764,299.04, an increase from ¥13,574,133,877.82 at the beginning of the period[15] - Current assets totaled ¥5,566,031,045.90, up from ¥5,280,650,207.08, indicating a growth of 5.4%[14] - Total liabilities stood at ¥4,725,554,955.91, compared to ¥4,664,187,672.49 previously, marking an increase of 1.3%[15] - The company's equity attributable to shareholders increased by 2.78% to CNY 9,146,528,817.98 from CNY 8,899,263,522.92 at the end of the last year[5] - The company's equity attributable to shareholders rose to ¥9,146,528,817.98 from ¥8,899,263,522.92, reflecting a growth of 2.8%[15] Operating Performance - Total operating revenue for the current period reached ¥954,487,028.38, an increase of 6.0% compared to ¥896,420,220.37 in the previous period[17] - Total operating costs decreased to ¥688,379,463.19 from ¥700,858,006.45, reflecting a reduction of 1.9%[18] - Operating profit for the current period was ¥271,183,490.34, an increase from ¥194,482,762.41, showing a growth of 39.5%[18] Tax and Expenses - The company reported a 144.4% increase in taxes and surcharges compared to the same period last year, primarily due to export tariffs and resource taxes related to potash fertilizer business[9] - Financial expenses increased by 129.69% year-on-year, mainly due to foreign exchange losses[9] - The company reported a tax expense of ¥64,259,878.96, compared to ¥26,392,507.88 in the previous period, indicating a significant increase[18] Other Financial Metrics - Investment income grew by 152.91% compared to the previous year, influenced by wealth management income during the reporting period[9] - The company had a significant increase in prepayments, which rose by 118.12%, primarily due to increased prepayments for steel materials[9] - Inventory increased to ¥749,139,369.23 from ¥633,884,215.84, representing a rise of 18.2%[14] Product and Technology Development - The company did not report any significant new product launches or technological advancements during this period[23]

Shareholding Reduction Announcements - MEI TUNG (CHINA) LIMITED plans to reduce its shareholding in Helen Zhe by up to 22.09 million shares, representing 2.12% of the total share capital after excluding repurchased shares [1] - Shandong Railway Development Fund plans to reduce its shareholding in Century Rui Er by up to 17.55 million shares, representing 3% of the total share capital [1] - Wu Baigeng plans to reduce his shareholding in Pinwo Food by up to 2.97 million shares, representing 3% of the total share capital [1] - Huayuan International Land Port Group plans to reduce its shareholding in Phoenix Shipping by up to 30.36 million shares, representing 3% of the total share capital [3] Financial Performance Reports - United Chemical reported a revenue of 535 million yuan for 2024, a year-on-year increase of 24.80%, and a net profit of 56.43 million yuan, up 66.81% [5] - Huitong Technology achieved a revenue of 662 million yuan, a year-on-year increase of 11.84%, and a net profit of 108 million yuan, up 9.30% [7] - Guangji Pharmaceutical reported a revenue of 639 million yuan, a year-on-year decrease of 13.42%, and a net loss of 295 million yuan [8] - Anshuo Information achieved a revenue of 990 million yuan, a year-on-year increase of 11.53%, and a net profit of 15.09 million yuan, up 132.78% [9] - Yifan Pharmaceutical reported a revenue of 5.16 billion yuan, a year-on-year increase of 26.84%, and a net profit of 386 million yuan, up 170.04% [10] - Hongri Pharmaceutical reported a revenue of 5.78 billion yuan, a year-on-year decrease of 5.34%, and a net profit of 21.47 million yuan, down 95.76% [11] - Zhonglan Environmental reported a revenue of 646 million yuan, a year-on-year decrease of 22.75%, and a net profit of 13.10 million yuan, down 36.12% [13] - Feilu Co. reported a revenue of 518 million yuan, a year-on-year decrease of 37.16%, and a net loss of 140 million yuan [14] - China Great Wall reported a revenue of 14.20 billion yuan, a year-on-year increase of 5.83%, and a net loss of 1.48 billion yuan [15] - Nanshan A reported a revenue of 15.45 billion yuan, a year-on-year decrease of 15.06%, and a net profit of 267 million yuan, down 83.89% [16] - Yawen Co. reported a revenue of 2.06 billion yuan, a year-on-year increase of 6.70%, and a net profit of 75 million yuan, down 24.13% [17] - Jinlong Co. reported a revenue of 663 million yuan, a year-on-year increase of 245.16%, and a net loss of 89.23 million yuan [18] - Nanshan Holdings reported a revenue of 8.40 billion yuan, a year-on-year decrease of 30.35%, and a net loss of 1.77 billion yuan [20] - Hengfeng Information reported a revenue of 227 million yuan, a year-on-year decrease of 53.07%, and a net loss of 86.80 million yuan [21] - Wantong Technology reported a revenue of 1.21 billion yuan, a year-on-year increase of 19.58%, and a net profit of 36.92 million yuan, up 147.08% [22] - Kehua Bio reported a revenue of 1.76 billion yuan, a year-on-year decrease of 27.55%, and a net loss of 641 million yuan [23] - Dongfang Tower reported a revenue of 4.20 billion yuan, a year-on-year increase of 4.79%, and a net profit of 564 million yuan, down 10.97% [24] - Yanpai Co. reported a revenue of 785 million yuan, a year-on-year increase of 8.75%, and a net profit of 42.18 million yuan, down 35.72% [25] - Yongli Co. reported a revenue of 2.24 billion yuan, a year-on-year increase of 10.69%, and a net profit of 22.30 million yuan, down 40.73% [26]

青岛东方铁塔股份有限公司 非经营性资金占用及其他关联资金往来情况 汇总表的专项审说明 目 录 一、专项说明 二、附表 中兴华会计师事务所(特殊普通合伙) ZHONGXINGHUA CERTIFIED PUBLIC ACCOUNTANTS LLP 地址：北京市丰台区丽泽路 20 号丽泽 SOHO Ｂ座 20 层 邮编：100073 电话：(010) 51423818 传真：(010) 51423816 中 兴 华 会 计 师 事 务 所 （ 特 殊 普 通 合 伙 ） Z H O N G X I N G H U A C E R T I F I E D P U B L I C A C C O U N T A N T S L L P 地址（ l o c a t i o n ）： 北京市丰台区丽泽路 2 0 号丽泽 S O H O B 座 2 0 层 20/F,Tower B,Lize SOHO,20 Lize Road,Fengtai District,Beijing PR China 电话（ tel ）： 0 1 0 - 5 1 4 2 3 8 1 8 传真（ f a x ）： 0 1 0 - 5 1 4 2 3 ...

青岛东方铁塔股份有限公司 内部控制审计报告书 中兴华会计师事务所(特殊普通合伙) ZHONGXINGHUA CERTIFIED PUBLIC ACCOUNTANTS LLP 地址：北京市丰台区丽泽路 20 号丽泽 SOHO Ｂ座 20 层 邮编：100073 电话：(010) 51423818 传真：(010) 51423816 目 录 一、 审计报告 二、 企业内部控制自我评价报告 三、审计报告附件 1. 中兴华会计师事务所（特殊普通合伙）营业执照复印件 2. 中兴华会计师事务所（特殊普通合伙）执业证书复印件 3. 注册会计师执业证书复印件 中 兴 华 会 计 师 事 务 所 （ 特 殊 普 通 合 伙 ） Z H O N G X I N G H U A C E R T I F I E D P U B L I C A C C O U N T A N T S L L P 地址（ l o c a t i o n ）： 北京市丰台区丽泽路 2 0 号丽泽 S O H O B 座 2 0 层 20/F,Tower B,Lize SOHO,20 Lize Road,Fengtai District,Beijing P ...