Investment Rating - The report initiates coverage with a "Buy" rating for the company [2][4]. Core Views - The company achieved a revenue of 653 million yuan in the first half of 2024, representing a year-on-year growth of 23.88%. However, the net profit attributable to shareholders decreased by 2.90% to 4 million yuan, and the net profit after deducting non-recurring gains and losses fell by 45.02% to 1 million yuan [4]. - The company is focusing on the domestic stone material market, with its main business involving the design, processing, sales, and engineering construction of architectural decorative stones and landscape stones. These products are widely used in large public buildings, commercial office buildings, and residential areas [4]. - The gross profit margin for the first half of 2024 was 12.34%, an increase of 0.91 percentage points compared to the same period last year. The contributions to gross profit from architectural decorative stones and landscape stones were 41 million yuan and 26 million yuan, respectively, with year-on-year growth of 89.88% and 0.51% [4]. - The company is completing the planning of a lithium carbonate production line, which is expected to enter full debugging soon. This project involves an investment of 200 million yuan to build a production line with an annual capacity of 5,000 tons of battery-grade lithium carbonate [4]. - The company plans to acquire uranium exploration rights from Hafu Mining Company and intends to invest in China Nuclear Resources Company, entering the uranium resource development sector [4][5]. Financial Summary - The company forecasts revenues of 1.365 billion yuan, 1.564 billion yuan, and 1.721 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 7.61%, 14.58%, and 10.05% [5][6]. - The net profit attributable to the parent company is projected to be 29 million yuan, 44 million yuan, and 64 million yuan for the same years, with significant growth rates of 181.38%, 51.61%, and 47.18% [5][6]. - The earnings per share (EPS) are expected to be 0.13 yuan, 0.19 yuan, and 0.28 yuan for 2024, 2025, and 2026, respectively [5][6].

厦门万里石股份有限公司投资者关系活动记录表 | --- | --- | |------------------------|------------------------------------------------------------------------| | | □分析师会议 | | 投资者关系活动类别 | □业绩说明会 □路演活动 | | | | | | 中信证券、进门财经、西藏合众易晟投资管理有限责任公司、上投摩根基金、深 | | | 圳市前海恒邦兆丰资产管理有限公司、工银瑞信、上海国赞私募基金管理合伙企 | | 参与单位名称及人员姓名 | 、广东瑞天投资管理有限公司、浙江象舆行投资管理有限公司、申万 | | | 宏源证券有限公司、深圳中安汇富资本管理有限公司、杭州晟维资产管理有限公 | | | 司、上海贵源投资有限公司、百嘉基金管理有限公司、西部证券自营 | | 时间 | 日 14:30-15:20 | | 地点 | | | | | | | 公司副总经理、财务总监：朱著香女士； | | 上市公司接待人员姓名 | | | | | | | 公司证券事务代表：邓金银女士。 | | | 厦门万里 ...

厦门万里石股份有限公司 第一章 总则 第一条 为规范厦门万里石股份有限公司（以下简称"公司"）及子公司外汇套期 保值业务管理，防范和控制外汇套期保值业务风险，根据《中华人民共和国公司法》 《中华人民共和国证券法》等法律、行政法规、部门规章、中国证券监督管理委员 会（以下简称"中国证监会"）、深圳证券交易所和《厦门万里石股份有限公司章 程》（以下简称《公司章程》）的有关规定，结合公司实际情况，制定本制度。 第二条 本制度适用于公司及下属全资、控股子公司（以下统称"子公司"）的 外汇套期保值业务。 第三条 本制度所称外汇套期保值业务是指公司及子公司为管理外汇相关的价格 风险、利率风险、信用风险等特定风险而达成与上述风险基本吻合的、以外汇套期 保值为目的的期货和衍生品交易的活动。 第四条 本制度所称外汇套期保值业务的期货和衍生品交易品种包括但不限于远 期结售汇、外汇掉期、外汇期权、利率掉期等业务。 第五条 公司及子公司从事外汇套期保值业务应当遵循合法、审慎、安全、有效 的原则。未经公司有权决策机构审批同意，公司及子公司不得进行外汇套期保值业 务操作。 第二章 外汇套期保值业务的基本原则 第六条 公司及子公司从事外汇 ...

2、 本次计提减值准备的资产范围、总金额和计入的报告期间 证券代码：002785 证券简称：万里石 公告编号：2024-066 厦门万里石股份有限公司 关于2024年半年度计提信用减值准备 及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、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 厦门万里石股份有限公司（以下简称"公司"）于 2024 年 8 月 27 日召开第 五届董事会第十六次会议和第五届监事会第十二次会议，审议通过了《关于 2024 年半年度计提信用减值准备及资产减值准备的议案》。相关情况公告如下： 一、本次计提减值准备概述 1、 本次计提减值准备的原因 为真实、准确反映公司截至 2024 年 6 月 30 日的财务状况、资产价值及经营 成果，根据《企业会计准则》及《深圳证券交易所股票上市规则》等相关规定， 公司对公司及下属子公司的各类资产进行了全面检查和减值测试，认为部分资产 存在一定的减值迹象，本着谨慎性原则，对公司截至 2024 年 6 月 30 日合并报表 范围内有关资产计提相应的减值准备。 经过公司及下属子公司对 2024 年 6 月 30 日存在可能发生减值迹象的 ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥653,029,548.92, representing a 23.88% increase compared to ¥527,139,957.26 in the same period last year[11]. - The net profit attributable to shareholders decreased by 2.90% to ¥4,308,938.19 from ¥4,437,621.60 year-on-year[11]. - The net profit after deducting non-recurring gains and losses fell by 45.02% to ¥1,499,363.80 compared to ¥2,726,998.34 in the previous year[11]. - The net cash flow from operating activities was negative at -¥34,977,181.56, a decline of 203.17% from ¥33,903,692.36 in the same period last year[11]. - The total assets at the end of the reporting period were ¥1,654,047,918.69, down 1.14% from ¥1,673,105,068.09 at the end of the previous year[11]. - The company's operating revenue for the reporting period was ¥653,029,548.92, representing a year-on-year increase of 23.88% compared to ¥527,139,957.26 in the previous year[33]. - The cost of goods sold was ¥572,467,986.02, which is a 22.60% increase from ¥466,926,825.93 in the same period last year[33]. - The gross profit margin for the stone processing manufacturing industry was 13.70%, showing a decrease of 1.79% year-on-year[35]. - The company reported a net profit of -992,017.73 CNY from Xiamen Wanli Stone Decoration Design Co., Ltd., which is a subsidiary, indicating a significant loss[49]. - The total revenue from Xiamen Wanli Stone Engineering Co., Ltd. was 199,511,589.21 CNY, contributing positively to the overall performance with a net profit of 3,534,700.05 CNY[49]. Business Operations - The company operates under a business model that has not changed during the reporting period[1]. - The company is positioned as a leading provider of integrated services in the mid-to-high-end stone industry, focusing on design, processing, sales, and installation of building and landscape stones[16]. - The stone industry is expected to maintain growth due to ongoing urbanization and infrastructure development, despite facing challenges such as market competition and environmental regulations[19]. - The company plans to enhance its supply chain management and digital transformation to improve product innovation and efficiency[20]. - The company is on track to produce 5,000 tons of battery-grade lithium carbonate, with the backend production line construction progressing as planned[25]. - A strategic cooperation agreement was reached with Qinghai Salt Lake Industry Co., aiming to establish a joint laboratory for efficient lithium recovery[25]. - The company has established a comprehensive marketing network covering over 30 countries and regions, enhancing its global presence[29]. - The company has participated in significant projects, including the construction of the Sudan Presidential Palace and the Ethiopia African Union Conference Center, showcasing its project experience[30]. Financial Position - The company's total assets at the end of the reporting period were ¥1,653,000,000, with cash and cash equivalents making up 14.65% of total assets[38]. - The company’s short-term borrowings increased to ¥216,422,413.78, representing 13.08% of total liabilities[38]. - The company reported a total investment of CNY 25,500,000 during the reporting period, a 100% increase compared to the same period last year[40]. - The company completed a significant equity investment in Fujian Wanli Dingsheng New Energy Technology Co., Ltd. with a total investment amount of CNY 25,500,000, acquiring a 51% stake[42]. - The company has invested CNY 22,390,282.29 in the construction of a lithium carbonate production line with an annual capacity of 5,000 tons, with a cumulative investment of CNY 98,201,470.81 as of the reporting period[43]. - The company raised a total of CNY 40,400 million through a private placement, with a net amount of CNY 39,814.82 million after deducting issuance costs[46]. - As of June 30, 2024, the company has used CNY 8,955 million of the raised funds, with a remaining balance of CNY 9,728.07 million[46]. Shareholder Information - The company reported no cash dividends or stock bonuses for the current period[1]. - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the semi-annual period[58]. - The largest shareholder, Hu Jingpei, holds 12.31% of the shares, totaling 27,893,051 shares, with no change during the reporting period[96]. - Xiamen Hafu Mining Co., Ltd. is the second-largest shareholder, holding 11.39% of the shares, totaling 25,814,695 shares, with no change during the reporting period[96]. - The company has a total of 11,493 shareholders holding more than 5% of the shares at the end of the reporting period[96]. - The company’s stock structure includes 26.05% of restricted shares and 73.95% of unrestricted shares[93]. Risk Management - The company emphasizes the importance of risk awareness for investors[1]. - The company is facing market demand fluctuation risks due to ongoing geopolitical conflicts and weak domestic demand, which may adversely affect business operations[51]. - The company has identified foreign exchange risk as a significant concern due to international operations and plans to implement hedging strategies to mitigate this risk[53]. - The company is experiencing accounts receivable and bad debt risks, particularly in traditional domestic business, and is implementing strict credit management measures[54]. - The company has a general risk reserve of 12,790,420.46 CNY, indicating a proactive approach to risk management[121]. Compliance and Governance - The financial report was confirmed as true, accurate, and complete by the company's management[1]. - The company has adhered to legal regulations and actively fulfilled its corporate social responsibilities during the reporting period[64]. - The company has not engaged in any violations regarding external guarantees during the reporting period[65]. - The company has not reported any non-operating related party debts or loans[74]. - The company reported no significant litigation or arbitration matters during the reporting period[66]. - The company has not received any administrative penalties related to environmental issues during the reporting period[63]. Accounting Policies - The company follows specific accounting policies for expected credit losses on receivables, intangible asset amortization, and revenue recognition[138]. - The company prepares consolidated financial statements based on its own and subsidiaries' financial reports, reflecting the overall financial status, operating results, and cash flows of the entire corporate group[150]. - The company recognizes the fair value of previously held equity interests in the acquired entity on the acquisition date, with any difference from the book value recorded as current investment income[151]. - The company uses the effective interest method for subsequent measurement of financial liabilities classified at amortized cost[167]. - The company ensures that financial instruments are classified based on their economic substance rather than merely their legal form[166].

二、项目进展情况 公司年产5,000吨电池级碳酸锂生产线采用N+1模式建设，在察尔汗盐湖区域 零散分布的资源端建设N个前端吸附提锂前端工厂生产富锂产品液，在后端藏青 工业园区建设1个后端除杂沉锂及精制工厂生产电池级碳酸锂。截至目前，公司 位于藏青工业园区后端除杂沉锂及精制工厂生产线已完成工程主体建设及单体 设备安装、调试工作，并分阶段进行了多次联调联试，产线可达到设计标准，后 续将进入全面调试阶段，为公司业务转型升级奠定坚实基础。 证券代码：002785 证券简称：万里石 公告编号：2024-061 厦门万里石股份有限公司 关于子公司年产5000吨电池级碳酸锂后端生产线 项目建设的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、项目概述 厦门万里石股份有限公司（以下简称"公司"）二级控股子公司格尔木万锂新 能源有限公司（以下简称"格尔木公司"，公司控股子公司万锂（厦门）新能源 有限公司持股70%）以自筹资金2亿元投资建设年产5,000吨电池级碳酸锂生产线。 具体内容详见公司于2022年11月5日刊登在巨潮资讯网上的《关于子公司投资建 设年产5,0 ...

厦门万里石股份有限公司 第五届董事会第十五次会议决议公告 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 厦门万里石股份有限公司（以下简称"公司"）第五届董事会第十五次会议于 2024 年 8 月 5 日以邮件和通讯方式发出通知及会议材料，并于 2024 年 8 月 9 日 在厦门市思明区湖滨北路201号宏业大厦8楼公司大会议室以现场结合通讯的方 式召开临时会议。会议应出席的董事为 6 人，实际出席的董事 6 人，会议由董事 长胡精沛先生主持，公司监事、高级管理人员列席了会议，会议的召集和召开符 合《中华人民共和国公司法》和《公司章程》的有关规定，所做决议合法有效。 经表决，会议审议通过议案情况如下： 二、董事会会议审议情况 1、审议通过《关于公司控股子公司签署股权收购意向书的议案》； 基于公司发展战略，公司控股子公司万里石（香港）资源科技有限公司（以 下简称"万里石（香港 ）公司"）拟以 自有资金分别收 购 SPRINGBOK INVESTMENTS（PTY） LTD（中文名：跳羚投资有限公司，以下简称"跳羚 公 司 "）、 NAM ...

重要内容提示： 证券代码：002785 证券简称：万里石 公告编号：2024-058 厦门万里石股份有限公司 关于控股子公司签署股权收购意向书的公告 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，不存在虚 假记载、误导性陈述或重大遗漏。 1、厦门万里石股份有限公司（以下简称"公司"）控股子公司万里石（香港） 资源科技有限公司（以下简称"万里石（香港）公司"）拟以自有资金分别收购 SPRINGBOK INVESTMENTS （PTY） LTD（中文名：跳羚投资有限公司，以 下简称"跳羚公司"）、NAMIBIA CHINA MINERAL RESOURCES INVESTMENT AND DEVELOPMENT （PTY） LTD（中文名：纳中矿产资源投资开发公司， 以下简称"纳中矿产公司"）持有的 ZHONGHE RESOURCES（NAMIBIA） DEVELOPMENT （PTY） LTD（中文名：中核资源（纳米比亚）开发公司，以 下简称"中核资源公司"、"标的公司"）10.5%及 10.5%的股权。 2、本次交易不构成关联交易，不构成重大资产重组。 3、本次签订的《股权转让收购意向书》不视为各 ...

厦门万里石股份有限公司 舆情管理制度 第一章 总则 第一条 为了提高厦门万里石股份有限公司（以下简称"公司"）应对各类舆 情的能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对公司股价 及其衍生品种、公司商业信誉及正常生产经营活动造成的影响，切实保护投资者 合法权益，根据相关法律、法规、规范性文件的规定及《厦门万里石股份有限公 司章程》（以下简称"《公司章程》"），结合公司实际情况，制定本制度。 第二条 本制度所称舆情包括： （一）报刊、电视、广播、网络等媒体对公司进行的负面报道； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的信 息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生较 大影响的事件信息。 第三条 舆情信息的分类： （一）重大舆情：指传播范围较广，严重影响公司公众形象或正常经营活动， 使公司已经或可能遭受损失，已经或可能造成公司股票及其衍生品种交易价格变 动的负面舆情。 一般舆情：指除重大舆情之外的其他舆情。 第二章 舆情管理的组织体系及其工作职责 第四条 公司应对各类舆情（尤其是媒体质疑危 ...

证券代码：002785 证券简称：万里石 公告编号：2024-060 厦门万里石股份有限公司 关于控股子公司收到《行政处罚书》的公告 本公司及董事会全体成员保证信息披露内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 近日，厦门万里石股份有限公司（以下简称"公司"）三级控股子公司青海 海西万锂新资源有限责任公司（以下简称"青海万锂公司"，公司二级控股子公 司格尔木万锂新能源有限公司持股 100%）收到海西州生态环境局下发的《海西 州生态环境局行政处罚决定书》(西生罚[2024]45 号)（以下简称"《行政处罚决 定书》"），现将有关事项公告如下： 2024 年 6 月 12 日，本机关依法向你公司送达了《行政处罚事先（听证）告 知书》（文号：西生罚告字[2024]45 号），责令改正违法行为决定书（文号：西 生责改字[2024]45 号)告知你公司拟作出行政处罚决定的事实、理由、依据及内 容并告知你公司依法享有的权利。 2024 年 7 月 4 日，就本局拟你公司"未批先建"的行为，责令恢复原状， 并处罚款的决定一案举行听证会，处理意见：鉴于该公司首次违法并未对环境造 成影响建议对公司未批先建的违 ...