证券日报网讯川金诺（300505）8月18日在互动平台回答投资者提问时表示，目前公司生产经营状况良 好，在手订单充足，整体保持较高的产能利用率水平。关于下半年原材料采购价格方面，公司执行市场 化定价机制，采购价格随行就市。 ...

（编辑 袁冠琳） 证券日报网讯 川金诺8月18日在互动平台回答投资者提问时表示，目前，埃及项目正按既定计划稳步推 进。2025年7月，项目已成功获得云南省商务厅及云南省发展和改革委员会颁发的《企业境外投资证 书》。后续进展情况，公司将严格按照信息披露要求及时公告，敬请关注公司在指定信息披露媒体发布 的相关公告。 ...

关于使用闲置募集资金进行现金管理到期赎回的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 昆明川金诺化工股份有限公司（以下简称"公司"或"川金诺"）于2024 年6月20日召开第五届董事会第七次会议及第五届监事会第六次会议，审议通过 了《关于使用部分暂时闲置募集资金进行现金管理的议案》，同意公司及公司募 投项目实施主体合计使用额度不超过40,000万元人民币的暂时闲置募集资金进 行现金管理，该额度在董事会审议通过之日起12个月的有效期内循环滚动使用， 具体详见公司于2024年6月21日披露于巨潮资讯网的《关于使用部分暂时闲置募 集资金进行现金管理的公告》（公告编号：2024-029）。 目前在授权范围内使用闲置募集资金购买的部分理财产品已到期赎回，现就 有关进展情况公告如下： | 买入方 | 资金 | 产品发行机构 | 产品 | 产品类型 | 认购金 额（万 | 产品起 | | 产品到期 | 是否 到期 | 实 现 收 益 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

| | 上海潼骁投资发展中心（有限合伙）：陈开伟 | | --- | --- | | | 长江证券股份有限公司：魏邈 | | | 安中投资管理(上海)有限公司：沙正江 | | | 东海基金管理有限责任公司：张元涛 | | | 东证融汇证券资产管理有限公司：王笑宇 | | | 申万宏源：马昕晔 | | | 申万宏源证券资产管理有限公司：许丽青 | | | 朱雀基金管理有限公司：刘丛丛 | | | 国投瑞银：袁野 | | | 东方证券股份有限公司：王树娟 | | | 厦门财富管理顾问有限公司：卢杰 | | | 平安证券股份有限公司：李峰 | | 时间 | 2025 年 8 月 15 日 10:00-10:40；15:00-15:40 | | 地点 | 公司会议室 | | 上 市 公 司 接 待 | 副总经理、董事会秘书：黄秋涵 | | 人员姓名 | 证券事务代表：苏哲 | | | 1、2025 年上半年经营情况概述？ | | | 答：2025 年上半年，川金诺实现营业收入 17.44 亿元， | | | 同比增长 27.91%；归属于上市公司股东的净利润达 1.77 亿 | | | 元，同比大幅增长 166.51 ...

Summary of the Conference Call for Chuanjinnuo Company Overview - Chuanjinnuo's total assets as of the first half of 2025 are 3.669 billion, with total liabilities of 1.029 billion and equity attributable to shareholders of 2.640 billion, resulting in a debt-to-asset ratio of 28.5% [2][3] Revenue Breakdown - Revenue composition for the first half of 2025: - Phosphoric acid: 52% - Feed-grade calcium salt: 24% - Phosphate fertilizer: 22% - Contribution to gross profit: - Phosphate fertilizer: 1.16 billion, 43% - Phosphoric acid: 870 million, 31% - Calcium salt: 730 million, 26% [2][4] Production and Sales Performance - Production and sales figures for the first half of 2025: - Repeated heavy calcium: 163,000 tons produced, 141,000 tons sold - Feed-grade calcium salt: 108,000 tons produced, 106,000 tons sold - Purified phosphoric acid (PPA): 83,000 tons produced, 79,000 tons sold - Crude phosphoric acid: 150,000 tons produced, 139,000 tons sold [2][6] Project Developments - A 300,000-ton phosphorus pentoxide project in Egypt with a total investment of 2 billion is progressing smoothly [2][7] - The East River temporary high solid waste treatment project has a total investment of 300 million [2][7] - The domestic approval for the Egypt project has been completed, with construction expected to start in the first half of 2026 [5][16] Financial Performance - Revenue for the first half of 2025 reached 1.744 billion, a year-on-year increase of 27.9% - Net profit attributable to shareholders was 177 million, a year-on-year increase of 166% [3] Cost and Profitability Analysis - The East River base operates at approximately 70% capacity, while the Guangxi base is running at full capacity [8] - The income and profit ratio between the two bases is approximately 2:1, with East River having a lower comprehensive cost by about 600 per ton compared to Guangxi, but higher transportation costs prevent it from exporting commodity-grade products [8] Export and Market Dynamics - The export ratio is approximately 60%, with domestic sales being minimal [5][9] - The company aims to avoid signing orders that require inspection due to new regulations [9] Market Conditions - Sulfur prices have risen significantly due to international supply-demand imbalances, with speculation also contributing to price increases [18] - The company sources about 80% of its sulfuric acid needs from self-produced sulfur and external procurement [19] Future Outlook - The company does not plan significant changes in domestic capacity but will focus on IP projects for future growth [20] - There are no immediate plans for overseas phosphorus resource acquisition, but future considerations may arise [29] Additional Insights - The company’s feed additive performance is stable, with expectations for consistent annual results [22] - The construction cycle in Egypt is expected to be 1.2 to 1.5 times longer than in China, but the simpler design of the first phase may allow for completion within two years [34] This summary encapsulates the key points from the conference call, providing a comprehensive overview of Chuanjinnuo's current status, performance, and future plans.

Core Viewpoint - The company reported significant growth in revenue and net profit for the first half of 2025, indicating strong operational performance and improved profitability metrics [1]. Financial Performance - Total revenue reached 1.744 billion yuan, a year-on-year increase of 27.91% - Net profit attributable to shareholders was 177 million yuan, up 166.51% year-on-year - In Q2 alone, revenue was 1.023 billion yuan, reflecting a 30.83% increase compared to the same quarter last year - Q2 net profit was 105 million yuan, a rise of 128.19% year-on-year - Gross margin improved by 41.08% to 16.9%, while net margin increased by 110.19% to 10.68% [1]. Cost and Expense Analysis - Total selling, administrative, and financial expenses amounted to 76.9751 million yuan, accounting for 4.41% of revenue, with a year-on-year increase of 4.86% - Significant changes in financial items included a 15.03% decrease in cash due to increased project expenditures and cash dividends, and a 19.03% increase in short-term loans due to additional bank loans [2]. Cash Flow and Investment - Operating cash flow per share increased by 423.23% to 0.62 yuan, while investment cash flow decreased by 71.21% due to increased project-related expenditures - Financing cash flow decreased by 81.0% as a result of higher cash dividends paid [2]. Business Model and Future Outlook - The company's performance is primarily driven by capital expenditures, necessitating careful evaluation of the profitability of these investments - Analysts expect the company's performance in 2025 to reach 255 million yuan, with an average earnings per share of 0.93 yuan [4][5].

Core Insights - The company reported a total revenue of 1.744 billion yuan for the first half of 2025, marking an increase of 381 million yuan and a year-on-year growth of 27.91% [1] - The net profit attributable to shareholders reached 177 million yuan, up by 111 million yuan, reflecting a significant year-on-year increase of 166.51% [1] - The net cash inflow from operating activities was 171 million yuan, an increase of 138 million yuan, representing a year-on-year growth of 423.23% [1] Financial Metrics - The latest debt-to-asset ratio stands at 26.57%, a decrease of 2.98 percentage points compared to the same period last year [3] - The gross profit margin is reported at 16.90%, up by 0.40 percentage points from the previous quarter and an increase of 4.92 percentage points year-on-year [3] - The return on equity (ROE) is 6.72%, an increase of 3.99 percentage points compared to the same period last year [3] - The diluted earnings per share (EPS) is 0.65 yuan, an increase of 0.40 yuan, reflecting a year-on-year growth of 166.49% [3] - The total asset turnover ratio is 0.48 times, an increase of 0.09 times year-on-year, representing a growth of 24.37% [3] - The inventory turnover ratio is reported at 2.18 times [3] Shareholder Information - The number of shareholders is 35,300, with the top ten shareholders holding a total of 92.4142 million shares, accounting for 33.62% of the total share capital [3] - The largest shareholder, Liu Wen, holds 26.33% of the shares [3]

证券代码：300505 证券简称：川金诺 公告编号：2025-048 昆明川金诺化工股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、 募集资金基本情况 （一） 募集资金金额及到位时间 根据公司2022年10月27日召开的第四届董事会第二十六次会议、2022年11 月24日召开的2022年度第三次临时股东大会会议审议通过，并经中国证券监督管 理委员会出具《关于同意昆明川金诺化工股份有限公司向特定对象发行股票注册 的批复》（证监许可〔2023〕1055号）同意注册，公司获准向特定对象发行不超 过67,407,329股新股。根据投资者认购情况，公司本次向特定对象发行股票实际 发行数量为50,176,424股（A股），每股面值1元，发行价格14.17元/股，均为现 金认购，募集资金总额为人民币710,999,928.08元，扣除各项发行费用人民币 师事务所（特殊普通合伙）审验并于 2023年7月13日出具XYZH/2023KMAA2B0279 号验资报告。 （二） 募集资金以前年度使用金额 项目 金额（元） 定向增发股票募集资金净额 695,059, ...

Summary of Key Points Core Viewpoint - The report outlines the non-operating fund occupation and other related fund transactions of Kunming Chuanjin Nuo Chemical Co., Ltd. for the first half of 2025, indicating that there are no significant non-operating fund occupations or transactions with related parties [1]. Non-Operating Fund Occupation - There are no non-operating fund occupations from controlling shareholders, actual controllers, or their subsidiaries [2]. - The total amount of non-operating fund occupation is recorded as zero, indicating no financial ties in this category [2]. Other Related Fund Transactions - The report details that there are no related party transactions involving controlling shareholders, actual controllers, or their subsidiaries [2]. - The only transactions noted are with subsidiaries, specifically: - Guangxi Chuanjin Nuo Chemical Co., Ltd. has a balance of 22,294.09 million yuan in other receivables, with a cumulative occurrence of 3,397.95 million yuan [2]. - Kunming Jingcui Engineering Technology Co., Ltd. has a balance of 698.18 million yuan in other receivables [2]. - Kunming Heliliwan Industrial Solid Waste Treatment Co., Ltd. has a balance of 2,130.00 million yuan in other receivables [2]. - Guangxi Chuanjin Nuo New Energy Co., Ltd. has a balance of 59,772.29 million yuan in other receivables [2]. - The total amount of related fund transactions is 84,894.56 million yuan, with a cumulative occurrence of 4,102.03 million yuan [2].

Core Viewpoint - Kunming Chuan Jin Nuo Chemical Co., Ltd. reported significant growth in its financial performance for the first half of 2025, with a notable increase in revenue and net profit, reflecting strong demand for its phosphate products in various sectors [2][3]. Financial Performance - The company's operating revenue for the first half of 2025 reached approximately 1.74 billion yuan, representing a 27.91% increase compared to the same period in 2024 [2]. - The net profit attributable to shareholders was approximately 166.54 million yuan, marking a substantial increase of 178.50% year-on-year [2]. - Basic earnings per share rose to 0.6457 yuan, up 166.49% from the previous year [2]. Business Overview - The company primarily operates in the chemical raw materials and products manufacturing sector, focusing on wet-process phosphoric acid technology [3]. - Key products include feed additives, fertilizers, and purified phosphoric acid, which are essential in agriculture, industry, and new energy sectors [3][4]. - The company is recognized as a leading producer of food-grade purified phosphoric acid in China, leveraging self-developed technology [4]. Industry Context - The phosphate chemical industry is crucial for agricultural fertilizers, with China, Morocco, and Russia being major exporters [4]. - The global consumption of heavy calcium phosphate is around 5 million tons per year, with potential for growth as agricultural practices become more intensive [4]. - The demand for feed-grade calcium phosphate is stable, driven by the livestock industry's needs [4]. Competitive Advantages - The company has a flexible production system that allows for rapid adjustments in product output based on market demand, enhancing profitability [9]. - It has established a strong brand reputation in the industry, with its products recognized for quality both domestically and internationally [13]. - The company employs advanced purification technologies, achieving high recovery rates and reducing production costs [9][10]. Environmental and Sustainability Efforts - The company emphasizes a circular economy approach, effectively recycling waste and minimizing environmental impact [10][11]. - It has implemented measures for zero emissions in its production processes, contributing to sustainability goals [10].