董事会薪酬与考核委员会关于公司 2025 年 A 股限制性股票 激励计划相关事项的核查意见 根据《公司法》《证券法》《上市公司股权激励管理办法》（简称"《管理 办法》"）《上海证券交易所上市公司自律监管指引第 1 号——规范运作》（简 称"《自律监管指引》"）等有关法律法规及《公司章程》的规定，华新水泥股 份有限公司（简称"公司"）董事会薪酬与考核委员会对公司 2025 年 A 股限制性 股票激励计划进行了审慎核查，并发表以下审核意见： 1 、《华新水泥股份有限公司 2025 年 A 股限制性股票激励计划（草案）》 （以下简称"《激励计划（草案）》"）的制定及审议流程符合《管理办法》等 有关法律法规及规范性文件的规定。 2、未发现公司存在《管理办法》等有关法律法规及规范性文件所规定的禁 止实施股权激励的情形，公司具备实施股权激励计划的主体资格。 华新水泥股份有限公司 3、《激励计划（草案）》的激励对象均符合《公司法》、《证券法》等法律法规及 规范性文件和《公司章程》有关任职资格的规定， 同时，激励对象亦不存在《管理 办法》等有关法律法规及规范性文件所规定的禁止成为激励对象的情形，激励对 象的主体资格合法、有效 ...

Core Viewpoint - Huanxin Cement (06655) announced a dividend of HKD 0.34 per share for the first three quarters, to be distributed on December 24, 2025 [2] Company Summary - Huanxin Cement will distribute a dividend of HKD 0.34 per share [2] - The dividend payment is scheduled for December 24, 2025 [2] Industry Summary - The announcement reflects the company's ongoing commitment to returning value to shareholders [2] - The dividend distribution may indicate the company's financial health and operational performance in the cement industry [2]

Investment Rating - The report maintains an "Outperform" rating for the company, with a target price of RMB 40.98 per share based on a 2025 PE of 28x [4][22]. Core Insights - The company is positioned to benefit from innovation and overseas market expansion, with AI expected to enhance future growth prospects. EPS estimates for 2025-2027 are RMB 1.47, 1.68, and 1.97 respectively [4][22]. - The concept of "Lighthouse Factory," introduced by WEF and McKinsey, emphasizes the integration of advanced technologies like IoT, AI, and big data to achieve significant improvements in production efficiency and sustainability. China leads globally with 85 such factories, accounting for 42.29% of the total [4][23][24]. Financial Summary - Total revenue is projected to grow from RMB 89.34 billion in 2023 to RMB 117.62 billion by 2027, reflecting a CAGR of approximately 10.3% [3]. - Net profit attributable to the parent company is expected to recover from RMB 11.98 billion in 2024 to RMB 18.03 billion in 2027, with a notable increase of 17.0% in 2027 [3]. - The company’s net asset return is forecasted to improve from 14.8% in 2024 to 17.6% in 2027 [3]. Business Strategy - The company focuses on "IoT sensing, AI, and big data" to enhance its product offerings, creating a comprehensive IoT data entry system that supports AI algorithm improvements [4][24]. - Recent collaborations, such as with Haier, aim to accelerate digital transformation across various sectors, including smart manufacturing and supply chain management [15][16]. Market Position - The company has established itself as a leader in the security industry, leveraging its technological capabilities to provide customized digital solutions across multiple industrial sectors [4][25]. - The report highlights successful implementations of its technology in various industries, such as steel and cement, showcasing significant improvements in operational efficiency and safety [11][25].

Core Insights - Huanxin Cement reported a significant increase in both revenue and net profit for the first three quarters of 2025, indicating strong financial performance [1] Financial Performance - The company's operating revenue reached 25.033 billion yuan, reflecting a year-on-year growth of 1.27% [1] - The net profit attributable to shareholders was 2.004 billion yuan, showing a substantial year-on-year increase of 76.01% [1] Market Factors - The increase in domestic cement prices, reduction in cost per ton, and growth in overseas performance contributed to the improvement in profitability [1]

智通财经APP讯，华新水泥(06655)公布，将于2025年12月24日派发前三季度股息每股0.34元。 ...

| 代扣所得稅信息 | | | | | --- | --- | --- | --- | | | 宣派末期股息所適用之代扣所得稅（包括股東類型及適用的稅率）載列於下表，有關進 | | | | | 一步詳情請見公司2025年第四次臨時股東會通告。 | | | | | | | 有關代預扣所得稅之更多補充 | | | 股東類型 非居民企業 | 稅率 | （如適用） | | | （非中國內地登記地址） | 10% | 本公司向所有非居民企業股東（包 括香港中央結算（代理人）有限公 | | | | | 司、其他代理人、受託人或其他團 | | 股息所涉及的代扣所得稅 | | | 體及組織，將被視為非居民企業股 東）派發2025年前三季度股息 | | | | | 時，須預扣10%的企業所得稅。 | | | 個人居民 | | | | | （中國內地登記地址） | 20% | 對內地個人投資者通過滬港通/深 | | | | | 港通投資本公司H股取得的股利， | | | | | 本公司按照20%的稅率代扣個人所 | | | | | 得稅。對內地證券投資基金通過滬 港通/深港通投資本公司H股取得的 | | | | | 股利，按照上 ...

Group 1 - Huanxin Cement reported a revenue of approximately 25.033 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 1.27% [1] - The net profit attributable to shareholders of the listed company was approximately 2.004 billion yuan, showing a significant year-on-year increase of 76.01% [1] Group 2 - As of the report date, Huanxin Cement's market capitalization stood at 43 billion yuan [2]

華新水泥股份有限公司 HUAXIN CEMENT CO., LTD.* （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股 份 代 號 ：6655） 2025年 第 四 次 臨 時 股 東 會 之 代 表 委 任 表 格 | （附註 | ） | 1 | 與本代表委任表格有關之股份數目 | | | --- | --- | --- | --- | --- | | 附註 | （ | ） | 2 | 與本代表委任表格有關之股份類別（A股或H股） | 本人╱吾等 （附註 3 ） 地址為 為華新水泥股份有限公司（「本公司」或「公司」）股東，現委任大會主席，或 （附註 4 ） 地址為 為本人╱吾等的代表，代表本人╱吾等出席2025年11月12日（星期三）下午二時正於中國湖北省武漢市東湖新技術開發區高新大道 426號華新大廈B座2樓會議室舉行的本公司2025年第四次臨時股東會（「臨時股東會」）或其任何續會，並依照下列指示代表本 人╱吾等就臨時股東會通告所列決議案投票，如無作出指示，則由本人╱吾等的代表自行酌情投票表決。 | | 普通決議案 | 贊成 | （附註 ） 5 | （附註 反對 ...

Core Viewpoint - Huanxin Cement reported a revenue of approximately 25.033 billion yuan for the first three quarters of 2025, reflecting a year-on-year increase of 1.27%, while the net profit attributable to shareholders surged by 76.01% to about 2.004 billion yuan, driven by rising domestic cement prices, decreasing costs per ton, and sustained growth in overseas performance [1] Financial Performance - Revenue for the first three quarters of 2025 reached approximately 25.033 billion yuan, marking a 1.27% increase compared to the previous year [1] - Net profit attributable to shareholders was around 2.004 billion yuan, representing a significant year-on-year increase of 76.01% [1] - Basic earnings per share stood at 0.97 yuan [1] Market Dynamics - Domestic cement prices have increased year-on-year, contributing positively to the company's revenue and profit margins [1] - The reduction in cost per ton has further supported the profitability of the company [1] - Continuous growth in overseas performance has also played a crucial role in enhancing overall earnings [1]

湖北松之盛律师事务所 关于华新水泥股份有限公司 2025 年 A 股限制性股票激励计划（草案）之 法 律 意 见 书 湖北松之盛律师事务所 法律意见书 释 义 | 公司/华新水泥 | 指 | 华新水泥股份有限公司 | | --- | --- | --- | | 本计划/本次激励计划 | 指 | 华新水泥股份有限公司2025年A股限制 | | | | 性股票激励计划 | | 标的股票/限制性股票 | 指 | 激励对象按照本次激励计划规定的条 | | | | 件，获得的转让等部分权利受到限制的 | | | | 公司 A 股股票 | | 《激励计划（草案）》 | 指 | 《华新水泥股份有限公司2025年A股限 | | | | 制性股票激励计划（草案）》 | | 《考核管理办法》 | 指 | 《华新水泥股份有限公司2025年A股限 | | | | 制性股票激励计划实施考核管理办法》 | | 激励对象 | 指 | 按照本计划规定，获得限制性股票的公 | | | | 司董事和高级管理人员 | | 法律意见书 | 指 | 《湖北松之盛律师事务所关于华新水泥 | | | | 股份有限公司2025年A股限制性股票激 | | | ...