（编辑 任世碧） 证券日报网讯 11月21日晚间，阿尔特发布公告称，公司于2025年11月21日召开第五届董事会第二十三 次会议，审议了《关于拟购买董事及高级管理人员责任险的议案》。为进一步完善公司风险管理体系， 促进董事及高级管理人员更充分地发挥决策、监督和管理的职能，降低公司运营风险，保障广大投资者 利益，公司拟为公司（含子公司）及其董事、高级管理人员以及相关责任人员（具体以保险合同为准） 购买责任险。 ...

Group 1 - The company plans to purchase liability insurance for its directors and senior management to enhance its risk management system and protect the interests of the company and its investors [1] - The proposal for the insurance was reviewed at the eighth meeting of the sixth board of directors, with all directors abstaining from voting due to being the insured parties, leading to the proposal being submitted directly to the shareholders' meeting [1] - The board seeks authorization from the shareholders' meeting for the management to handle all matters related to the purchase of the liability insurance, including determining insured individuals, selecting the insurance company, and managing related legal documents [1]

Group 1 - The company has approved a proposal to purchase liability insurance for its directors, supervisors, and senior management to enhance its risk management system and reduce governance and operational risks [1][2] - The insurance will cover a liability limit of RMB 30 million, with a premium of RMB 155,000 for a duration of 12 months, subject to renewal or reinsurance in the future [2] - The board of directors has proposed to authorize the management team to handle all matters related to the purchase of the liability insurance, including selecting the insurance company and determining the insurance terms [1][2] Group 2 - The decision was made during the sixth meeting of the sixth board of directors held on July 23, 2025, and the proposal will be submitted to the shareholders' meeting for approval [1] - The board members recused themselves from voting on the proposal due to their status as insured parties under the liability insurance [1]

Group 1 - The company has approved a proposal to purchase directors and officers liability insurance to enhance its risk management system and reduce operational risks [1][2] - The board of directors has requested authorization from the shareholders' meeting to allow the management team to handle matters related to the insurance purchase, including determining the insured parties, selecting the insurance company, and setting compensation limits and premiums [1] - The proposal was submitted directly to the shareholders' meeting after all directors abstained from voting on the matter [2] Group 2 - The decision aims to ensure that directors, senior management, and other employees can perform their duties effectively while safeguarding the interests of investors [1] - The company will also manage renewal or reinsurance matters before the expiration of the liability insurance contract [1]

Core Viewpoint - In 2024, Yiqiu Metal Resources Recycling (China) Co., Ltd. reported a slight increase in revenue but a significant decline in net profit, indicating challenges in financial performance and operational efficiency [1][2][3]. Revenue Performance - The company achieved a revenue of 6,999,471,041.65 yuan, representing a year-on-year growth of 2.98% from 6,796,644,426.21 yuan [2]. - Quarterly revenue showed a sequential increase, with figures of 1,577,793,633.72 yuan, 1,663,959,311.90 yuan, 1,798,742,704.09 yuan, and 1,958,975,391.94 yuan, indicating a gradual upward trend [2]. Profitability Analysis - The net profit attributable to shareholders plummeted by 86.04% to 18,549,529.50 yuan from 132,902,874.88 yuan in 2023 [3]. - The decline in profit was attributed to several factors, including significant currency fluctuations, increased raw material costs, and rising financial expenses due to macroeconomic complexities [3]. Non-Recurring Profitability - The net profit after excluding non-recurring items fell by 92.60% to 10,573,946.58 yuan from 142,936,258.56 yuan, highlighting severe challenges in core business profitability [4]. Earnings Per Share - Basic earnings per share decreased to 0.0084 yuan from 0.0605 yuan, reflecting an 86.12% drop in shareholder returns [5]. - The diluted earnings per share, after excluding non-recurring items, fell to 0.0048 yuan from 0.0650 yuan, indicating weak core business performance [6]. Expense Management - Total expenses showed mixed changes, with sales expenses slightly decreasing by 0.3% to 23,419,691.61 yuan, suggesting stable marketing efforts [8]. - Management expenses decreased by 5.78% to 217,418,305.42 yuan, indicating improved management efficiency [10]. - Financial expenses increased by 10.64% to 55,317,652.61 yuan, reflecting heightened debt pressure due to rising raw material costs [11]. - R&D expenses were drastically cut by 84.90% to 495,794.82 yuan, raising concerns about future innovation capabilities [12]. Cash Flow Situation - The net cash flow from operating activities turned negative at -260,528,265.77 yuan, a 143.42% decrease from 600,030,517.05 yuan in 2023, indicating significant operational cash flow challenges [15]. - Cash flow from investment activities also decreased to -18,497,773.55 yuan, suggesting a more conservative investment strategy [16]. - Cash flow from financing activities increased to 291,887,384.39 yuan, indicating reliance on debt financing to meet operational needs [17]. Management Compensation - The chairman received a pre-tax compensation of 1,399,900 yuan, raising questions about the alignment of executive pay with company performance amid declining profits [19]. - The general manager's compensation was 842,500 yuan, and the vice president received 306,100 yuan, both of which warrant scrutiny regarding their correlation with the company's financial struggles [21][22].

Core Viewpoint - The company plans to purchase liability insurance for its directors, supervisors, and senior management to enhance risk management and protect their rights [1][2]. Group 1: Insurance Details - The insurer will be Shanghai Yuanzu Mengguozi Co., Ltd. [1] - The insured parties include all directors, supervisors, and senior management of the company [1]. - The insurance limit is set at RMB 10 million [2]. - The premium amount will not exceed RMB 120,000 [2]. - The insurance period is 12 months [2]. Group 2: Governance and Approval - All directors and supervisors will abstain from voting on this matter to ensure prudence [2]. - The proposal will be submitted directly to the 2024 annual general meeting for shareholder approval [2].