证券代码：002978 股票简称：安宁股份 公告编号：2025-063 四川安宁铁钛股份有限公司 2025年半年度募集资金存放与实际使用情况的专项报告 一、募集资金基本情况 1、实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于同意四川安宁铁钛股份有限公司向特定对 象发行股票注册的批复》（证监许可〔2024〕1375 号）批准，并经深圳证券交 易所同意，公司向特定对象发行人民币普通股股票 70,989,958 股，每股面值人民 币 1.00 元 ， 每 股 发 行 价 格 为 人 民 币 24.00 元 ， 募 集 资 金 总 额 为 人 民 币 1,703,758,992.00 元，扣除各类发行费用人民币 20,048,103.74 元（不含税）后， 募集资金净额为人民币 1,683,710,888.26 元，上述募集资金已于 2024 年 12 月 26 日全部到账。经信永中和会计师事务所（特殊普通合伙）审验，于 2024 年 12 月 27 日出具 XYZH/2024CDAA1B0455 号《四川安宁铁钛股份有限公司截至 2024 年 12 月 26 日止向特定对象发行股票募集资金验资报告》 ...

3、董事会召开地点、方式：公司会议室以现场与通讯相结合的方式召开。 证券代码：002978 证券简称：安宁股份 公告编号：2025-064 四川安宁铁钛股份有限公司 第六届董事会第二十六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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 1、董事会通知时间、方式：2025 年 8 月 23 日以微信、电话、当面送达等 方式通知全体董事。 2、董事会召开时间：2025 年 8 月 28 日。 （二）审议通过《关于<2025 年半年度募集资金存放与实际使用情况的专项 报告>的议案》 4、董事会出席人员：会议应出席董事 7 名，实际出席董事 7 名（其中：独 立董事李嘉岩、谢晓霞、蔡栋梁以通讯方式出席会议）。 5、董事会主持人：董事长罗阳勇先生。 6、董事会列席人员：部分高级管理人员。 7、四川安宁铁钛股份有限公司（以下简称"公司"）第六届董事会第二十 六次会议的召集和召开符合国家有关法律、法规及《公司章程》的规定，决议合 法有效。 二、董事会会议审议情况 （一）审议通过《关于<2025 年半年度报告>及其摘要的议案》 表决结果 ...

Financial Performance - The company's operating revenue for the first half of 2025 reached ¥1,107,335,177.06, representing a 30.94% increase compared to ¥845,656,178.97 in the same period last year[19]. - Net profit attributable to shareholders of the listed company was ¥441,047,928.96, a slight increase of 0.58% from ¥438,489,378.47 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥442,825,483.22, up by 0.87% from ¥439,001,520.83 year-on-year[19]. - The net cash flow from operating activities was ¥494,815,570.41, which is a 4.04% increase from ¥475,603,499.67 in the previous year[19]. - Basic earnings per share decreased by 14.41% to ¥0.9358 from ¥1.0934 in the same period last year[19]. - The company reported a total profit of ¥539,902,150.13 for the first half of 2025, up from ¥511,015,745.23 in the same period of 2024, a 5.6% increase[168]. - The company experienced a significant increase in tax expenses, which rose to ¥99,072,819.72 from ¥72,546,619.87, a 36.4% increase[168]. Assets and Liabilities - Total assets at the end of the reporting period were ¥11,191,404,957.39, reflecting a 17.88% increase from ¥9,494,198,472.08 at the end of the previous year[19]. - Total liabilities reached ¥2.79 billion, a significant increase from ¥1.30 billion, marking a rise of approximately 114.5%[160]. - The company's long-term borrowings increased to ¥1,164,492,779.79, a rise of 9.36% due to financing for the Anning titanium material project[69]. - The total equity attributable to shareholders increased to ¥8.35 billion from ¥8.14 billion, representing a growth of about 2.6%[161]. Market and Product Insights - The company is a specialized public company in Panzhihua, focusing on the mining, washing, and sales of vanadium-titanium magnetite, with main products including vanadium-titanium iron concentrate (61%) and titanium concentrate[26]. - In the titanium ore market, the company noted a price increase in Q1 2023, followed by a decline in Q2 due to weakened demand and seasonal factors[28]. - The company remains a key supplier of titanium concentrate, with a strong market position due to high quality and stable supply, leading to significant pricing power[35]. - The company has developed a new product, vanadium-titanium iron concentrate with a TFe content of 61%, enhancing product value and maintaining a competitive edge in the market[36]. Research and Development - The company has a total of 67 patents and has registered 17 new patents in the last three years, enhancing its technological innovation capabilities[53]. - The company has invested ¥42,015,928.06 in R&D, a 39.84% increase from ¥30,045,581.03 in the previous year, reflecting a commitment to technological advancement[60]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares during this reporting period[5]. - The company has established long-term stable relationships with major customers and suppliers, ensuring a complete procurement, production, and sales system[43]. - The company is investing in a full industrial chain project for energy-grade titanium materials with an annual output of 60,000 tons, aiming to strengthen its position in the titanium industry[40]. Risk Management - There are no significant risks that could materially affect the company's production and operations during the reporting period[4]. - The company faces risks related to product price fluctuations, safety production, and environmental protection, which could impact operational performance[89][92]. - The company has established a comprehensive safety production management system to mitigate safety risks[91]. Corporate Governance - The company has appointed new executives, including a new board secretary and deputy general managers, effective March 12, 2025[97]. - The company's governance structure was adjusted, eliminating the supervisory board and transferring its duties to the audit committee of the board[133]. Community Engagement - In the first half of 2025, the company contributed to poverty alleviation and rural revitalization by donating funds for water system repairs and road improvements, benefiting local communities[102]. - The company created 1,907 job opportunities during the reporting period, adhering to the principle of "common prosperity and employee growth" with annual salary increases[102].

Core Insights - The company announced a revenue of 1.107 billion yuan for the first half of 2025, representing a year-on-year growth of 30.94% [1] - The net profit for the same period was 441 million yuan, showing a slight increase of 0.58% year-on-year [1] Financial Performance - Revenue: 1.107 billion yuan, up 30.94% year-on-year [1] - Net Profit: 441 million yuan, up 0.58% year-on-year [1]

Investment Rating - The report maintains an "Overweight" rating for the steel industry [5]. Core Viewpoints - Demand is expected to gradually bottom out, and the supply side is beginning to show signs of market-driven clearance, indicating a potential recovery in the steel industry's fundamentals [3][4]. - The report anticipates that if supply policies are implemented, the speed of supply contraction will accelerate, leading to a quicker upward trend in the industry [3]. Summary by Sections Steel Market Overview - The apparent consumption of five major steel products reached 8.5299 million tons, an increase of 2.64% week-on-week [24]. - The total steel inventory was 14.4104 million tons, with a week-on-week increase of 2.25% [11]. - The operating rate of blast furnaces in 247 steel mills was 83.36%, a decrease of 0.23 percentage points week-on-week [28]. Production and Profitability - The total steel production was 8.7806 million tons, an increase of 0.73% week-on-week [30]. - The average gross profit for rebar was 243.7 CNY/ton, down 13.4% week-on-week, while hot-rolled coil gross profit was 201.7 CNY/ton, down 13.5% week-on-week [35]. Demand and Supply Dynamics - The report notes a decline in real estate demand, but infrastructure and manufacturing sectors are expected to maintain stable growth [3]. - Steel exports from China maintained a year-on-year growth of 9.2% in the first half of the year [3]. Raw Material Prices - Iron ore prices decreased, with the spot price dropping to 765 CNY/ton, a decline of 1.54% [42]. - Coking coal prices remained stable at 1430 CNY/ton, while coking prices increased to 1660 CNY/ton, a rise of 3.11% [42]. Recommendations - The report recommends focusing on leading companies with technological and product structure advantages, such as Baosteel and Hesteel, as well as companies with low valuations and high dividends like CITIC Special Steel [3].

Core Viewpoint - The legal opinion letter confirms that the 2025 Second Extraordinary General Meeting of Shareholders of Sichuan Anning Titanium Co., Ltd. was convened and conducted in accordance with relevant laws and regulations, ensuring the legality and validity of the meeting and its resolutions [1][2][5]. Group 1: Meeting Procedures - The company published the notice for the meeting on August 7, 2025, detailing the time, location, and agenda on the official website [2][3]. - The actual time and location of the meeting matched the details provided in the notice, and the board of directors was qualified to convene the meeting [3][4]. Group 2: Attendance and Voting - A total of 3 shareholders attended the meeting in person, representing 306,000,600 shares, which is 64.9578% of the total share capital [3][4]. - There were 254 shareholders participating via online voting, representing 5,123,386 shares, or 1.0876% of the total share capital [4]. - The voting process combined both on-site and online methods, with results being verified by Shenzhen Securities Information Co., Ltd. [4][5]. Group 3: Voting Results - The resolutions were approved with 309,359,902 votes in favor, accounting for 99.4330% of the valid votes cast [5]. - Among minority investors, 3,359,902 votes were in favor, representing 65.5720% of their valid votes [5].

Meeting Details - The annual general meeting was held on August 22, 2025, with both on-site and online voting options available [1] - A total of 257 participants attended the meeting, representing 311,123,986 shares, which is 1.0877% of the total voting shares [1] Voting Results - The proposal to amend the company's articles of association was approved with 309,359,902 votes in favor, accounting for 99.4330% of the valid votes cast [2] - Among minority shareholders, 3,359,902 votes were in favor, representing 65.5720% of their valid voting shares [2] Legal Opinion - The legal opinion provided by Beijing Zhongyin (Chengdu) Law Firm confirmed that the meeting was convened and conducted in accordance with legal and regulatory requirements [2]

关于非独立董事辞职暨选举职工代表董事的公告 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、误导性陈述或者重大遗漏。 一、非独立董事辞职情况 四川安宁铁钛股份有限公司（以下简称"公司"）非独立董事刘玉强先生近日 因个人原因辞去公司董事职务，辞去上述职务后，刘玉强先生在公司担任高级顾 问职务。刘玉强先生原定任期为 2023 年 9 月 11 日至 2026 年 9 月 10 日。截至本 公告披露日，刘玉强先生未持有公司股份，亦不存在应当履行而未履行的承诺事 项。刘玉强先生在担任公司董事期间恪尽职守、勤勉尽责，董事会对其在公司任 职期间所做出的贡献表示感谢。 二、职工代表董事选举情况 根据《中华人民共和国公司法》《深圳证券交易所股票上市规则》《深圳证 券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等法律法规、 规范性文件以及《公司章程》的相关规定，公司于 2025 年 8 月 16 日召开了职工 代表大会，经全体与会职工代表表决，选举何秋伶女士（简历详见附件）为第六 届董事会职工代表董事，任期自公司 2025 年第二次临时股东大会审议通过《关 于修订<公司章程>及其附件 ...

证券代码：002978 证券简称：安宁股份 公告编号：2025-060 四川安宁铁钛股份有限公司 2025年第二次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或者重大遗漏。 特别提示： 1、本次股东大会不存在否决议案的情形，本次股东大会不涉及变更前次股 东大会决议的情形。 2、本次股东大会对中小投资者的表决单独计票。 一、会议召开和出席情况 （一）会议召开情况 1、会议届次：2025 年第二次临时股东大会 2、会议召开时间： （1）现场会议时间：2025 年 8 月 22 日 15:00； （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为：2025 年 8 月 22 日上午 9:15—9:25，9:30-11:30，下午 13:00-15:00；通过深 圳证券交易所互联网投票系统投票的具体时间为：2025 年 8 月 22 日 9:15—15:00 任意时间。 3、会议召开地点：四川省攀枝花市米易县安宁路 197 号公司办公楼会议室。 4、会议召开方式：现场表决与网络投票相结合的方式。 5、会议召集人：公司董事会。 6、会议 ...

北京中银（成都）律师事务所关于四川安宁铁钛 股份有限公司 2025 年第二次临时股东大会的 成都中银（2025）第 02 号 2025 年 8 月 www.zhongyinlawyer.com 1 北京中银（成都）律师事务所 关于四川安宁铁钛股份有限公司 2025 年第二次临时股东大会的 法律意见书 致：四川安宁铁钛股份有限公司 北京中银（成都）律师事务所（以下简称"本所"）接受四川安宁铁钛股份 有限公司（以下简称"公司"）的委托，根据《中华人民共和国证券法》（以下 简称《证券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国 证券监督管理委员会《上市公司股东会规则》（以下简称《股东会规则》）等有 关法律法规以及《四川安宁铁钛股份有限公司章程》（以下简称《公司章程》） 的有关规定，指派律师黄红娟、方磊出席公司 2025 年第二次临时股东大会（以 下简称"本次股东会"）并就本次股东会的相关事项发表意见。 为出具本法律意见书，本所律师审查了本次股东会的相关资料，查阅了本所 律师认为出具本法律意见书所必须查阅的文件，并对有关问题进行了必要的核查 和验证。本所律师仅对本次股东会的召集、召开程序、出席会议人员 ...