证券代码：002827 证券简称：高争民爆 公告编号：2025-069 西藏高争民爆股份有限公司 关于完成工商变更登记并换发营业执照的公告 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、误导性陈述或者重大遗漏。 西藏高争民爆股份有限公司（以下简称"公司"）于 2025 年 11 月 10 日及 2025 年 11 月 26 日分别召开了第四届董事会第十三次会议及 2025 年第四次临 时股东大会，审议通过了《关于取消监事会、变更公司注册资本及修改公司章 程并授权办理工商变更登记的议案》，具体内容详见 2025 年 11 月 11 日刊登于 《中国证券报》《上海证券报》《证券日报》《证券时报》和巨潮资讯网 （http://www.cninfo.com.cn）的《关于修改公司章程的公告》。 近日，公司已完成公司章程备案以及相关工商变更手续，并取得了西藏自 治区市场监督管理局换发的《营业执照》，营业执照变更登记情况如下： 除上述变更之外，营业执照其他内容无变化。 二、变更后的营业执照基本情况 名称：西藏高争民爆股份有限公司 统一社会信用代码：91540000783527334P 类型：股 ...

证券日报网讯12月29日，高争民爆（002827）在互动平台回答投资者提问时表示，截至2025年12月19 日，公司股东人数为45000户左右。 ...

Group 1 - The company emphasizes the importance of maintaining long-term and stable relationships with all partners [1]

证券日报网讯12月29日，高争民爆（002827）在互动平台回答投资者提问时表示，截至2025年12月10 日，公司股东人数44400余户。 ...

Group 1 - The core viewpoint of the article is that Gaozheng Mining Explosives clarified its compliance with information disclosure regulations regarding the design bidding released by Chengyuan Mining, stating that it has not reached the legal disclosure standards [2] - The company emphasized that it strictly adheres to the "Management Measures for Information Disclosure of Listed Companies" and other relevant rules, ensuring there are no violations in disclosure [2]

Core Insights - The company, Gaozheng Mining, is implementing several measures to address the decline in performance of Chengyuan Mining and improve its fourth-quarter results [2] Group 1: Operational Improvements - The company is optimizing operations by analyzing the root causes of performance decline and adjusting production plans to better align with market demand, thereby enhancing resource utilization efficiency [2] - Cost reduction and efficiency enhancement are being pursued through technological innovations to improve construction efficiency and strict cost control to minimize unnecessary expenses [2] Group 2: Market Expansion - The company is actively expanding its business by engaging with upstream and downstream clients, extending its industrial chain, and enhancing overall risk resistance [2] - Multiple sales channels are being developed to increase market coverage and steadily boost order volume [2] Group 3: Management and R&D - Internal management is being strengthened with clear responsibilities assigned at each stage to ensure orderly progress, along with a dynamic tracking mechanism to monitor operational status [2] - Increased investment in research and development is aimed at enhancing market expansion capabilities through technological innovation and accelerating the process of technological transformation [2] Group 4: Accounts Receivable Management - The company is intensifying efforts to collect receivables by creating personalized collection plans for different clients and payment terms, regularly reconciling accounts, and taking legal action when necessary to ensure cash flow [2]

（文章来源：证券日报） 证券日报网讯 12月29日，高争民爆在互动平台回答投资者提问时表示，公司管理层薪酬的核定，严格 按照区国资委三优企业规定，结合行业特性、公司经营实际，履行了规范的考核和决策程序。针对提出 的建议，公司将结合国企绩效考核导向，进一步研究薪酬与公司市值、盈利能力等核心指标的挂钩机 制，同时持续优化成本管控体系，深化"能上能下"的考核激励机制，不断提升经营效率与管理效能，切 实维护国有资产及投资者权益。 ...

Group 1 - The core point of the article is that Tibet Gaozheng Mining Explosives Co., Ltd. has announced the acquisition of 100% equity in Heilongjiang Overseas Explosives Co., Ltd. for a total consideration of 510 million yuan, with Gaozheng contributing approximately 342 million yuan for a 67% stake [1] - The acquisition has been approved by Gaozheng's independent directors and the board of directors, and it constitutes a related party transaction that will require shareholder approval, with related shareholders abstaining from voting [1] - The acquisition does not constitute a major asset restructuring or a restructuring listing [1] Group 2 - Heilongjiang Overseas Explosives was established in 1998 and has a main business in the production of civil explosives and the transportation of hazardous goods, with a licensed production capacity of 31,000 tons of industrial explosives [2] - The financial data shows that Heilongjiang Overseas Explosives achieved a revenue of 148 million yuan and a net profit of approximately 40.17 million yuan in 2024, and from January to October 2025, it achieved a revenue of 129 million yuan and a net profit of approximately 46.43 million yuan, indicating stable profitability [2] - The acquisition aligns with national policies for restructuring and integrating the civil explosives industry, addressing Gaozheng's capacity bottleneck, and is a strategic move to strengthen its market position and ensure long-term sustainable development [2] - By acquiring Heilongjiang Overseas Explosives, Gaozheng will transfer the 31,000 tons of industrial explosives capacity to the Tibet Autonomous Region, resulting in a capacity increase of 140.91%, effectively addressing development shortcomings [2] - This move is in line with the policy direction of supporting leading enterprises in cross-regional restructuring and integration, significantly enhancing Gaozheng's competitiveness in the Tibet civil explosives market and its ability to supply major regional projects [2]

Core Viewpoint - The company Gaozheng Minbao announced a significant acquisition to enhance its production capacity in key regions, acquiring 100% of Heilongjiang Overseas Minbao Equipment Co., Ltd. for a total price of 510 million yuan, reflecting an appreciation rate of 831.80% [1][3]. Group 1: Acquisition Details - The acquisition involves Gaozheng Minbao purchasing 67% of the target company for 342 million yuan, funded by its own resources and acquisition loans, while its controlling shareholder, Tibet Cangjian Investment Co., Ltd., will acquire the remaining 33% for 168 million yuan [2]. - The transaction is classified as a related party transaction and does not constitute a major asset restructuring [2]. - Following the acquisition, Gaozheng Minbao will gain control over Overseas Minbao, which will be included in the company's consolidated financial statements [2]. Group 2: Production Capacity and Market Position - The acquisition will add 31,000 tons per year of explosive production capacity, representing a 140.91% increase, significantly enhancing the company's competitive edge in the Tibet explosive market [1][3]. - Gaozheng Minbao is recognized as a leading enterprise in the Tibet explosive industry, focusing on strengthening its core business and integrating its industrial chain [1][3]. Group 3: Financial Performance - Gaozheng Minbao's revenue for the first three quarters of 2025 reached 1.26 billion yuan, a year-on-year increase of 13.68%, marking a record high for the same period [7]. - The company aims to achieve a revenue target of 1.81 billion yuan and a total profit of 210 million yuan for the year 2025 [7]. - The company's revenue has shown consistent growth, increasing from 756 million yuan in 2020 to 1.692 billion yuan in 2024, with a growth rate of approximately 124% [7]. Group 4: Research and Development - Gaozheng Minbao has maintained a research and development expense ratio above 2% from 2020 to 2024, with R&D expenses increasing by 15.31% to 28.49 million yuan in the first three quarters of 2025 [7]. - The company has established a collaborative innovation system involving production, learning, and research, focusing on new products and technologies in the high-altitude explosive materials sector [6].

有投资者在互动平台向保利联合提问："12月24号的央企负责人会议中，强调央企要做好并购重组和市 值管理，作为民爆行业的龙头央企，市值却只有47亿，远不及易普力，甚者不如一个区域小国企高争民 爆，长期价值投资者认为，保利联合的行业地位、大股东背景、公司管理都高于易普力，其内在价值远 高于易普力，市值一定会超过易普力，对此，您是否赞同？" 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 针对上述提问，保利联合回应称："您好，感谢您对公司的关注！公司将持续聚焦主责主业，围绕重大 战略与重要布局，坚持科技创新驱动，推动智能化爆破技术升级，并加强市场拓展及精益管理，持续推 动公司经营业绩及核心竞争能力的提升。同时公司也将持续推进市值管理相关工作。谢谢关注！" ...