十届八次董事会会议决议公告 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、误导性陈述或重大遗 漏。 四川浩物机电股份有限公司（以下简称"公司"）十届八次董事会会议通知于2025年9月2日以电子邮件方 式发出，会议于2025年9月5日以通讯会议方式召开。会议由董事长刘禄先生主持，应到董事9人，实到 董事9人，占公司董事总数的100%。公司高级管理人员均列席了本次会议。本次会议程序符合法律法规 及《公司章程》的规定。 会议审议通过了《关于全资子公司开展金融衍生品交易业务的议案》。 公司同意全资子公司内江金鸿曲轴有限公司以自有资金开展以远期购汇为主的金融衍生品交易业务用于 技改计划，总额度不超过1,500万欧元（或其他等值金额外币，下同），任何时点持有的合约余额不超 过600万欧元，预计动用的交易保证金和权利金上限不超过500万元人民币。上述业务有效期自董事会审 议通过后12个月。 表决情况：同意9票，反对0票，弃权0票。 本议案已经公司董事会审计委员会审议通过。 证券代码：000757 证券简称：浩物股份 公告编号：2025-53号 四川浩物机电股份有限公司 详情请见公司于同日在巨潮资讯 ...

Core Viewpoint - Sichuan Haowu Electromechanical Co., Ltd. plans to conduct financial derivative hedging transactions through its wholly-owned subsidiary, Neijiang Jinhong Crankshaft Co., Ltd., to manage foreign currency liabilities and ensure budget control for its technological transformation plan, with a total transaction limit of up to €15 million [1][2][3] Group 1: Financial Derivative Trading Overview - The purpose of the trading is to effectively manage foreign currency liabilities and payment budget exchange rate risks, lock in procurement costs, and ensure controllability of project investment budgets [2][3] - The total amount for the financial derivative trading business is capped at €15 million, with a maximum contract balance of €6 million at any time, and the expected maximum margin and premium to be used is capped at ¥5 million [2][3] - The trading will be conducted only in the on-market transactions with banks and financial institutions that are not related to the company, prohibiting off-market transactions [2][3] Group 2: Approval Process - The company held a board meeting on September 5, 2025, where the proposal for the financial derivative trading business was approved with a unanimous vote of 3 in favor, 0 against, and 0 abstentions [3][4] - The board of directors authorized the management of Jinhong Company to make trading decisions and sign relevant contracts within the approved limits for a period of 12 months [2][3] Group 3: Risk Analysis and Control Measures - The trading risks include market risk from locking in exchange rates, credit risk, and operational risks due to system or process defects [4] - Risk control measures include ensuring that costs are controllable, maintaining sufficient margin funds, and matching trading periods with payment plans to avoid unnecessary extensions [4] - A tiered authorization mechanism will be established to separate trading, risk control, and accounting functions, with regular reporting to management on trading positions and risk exposure [4] Group 4: Accounting Treatment - The company will account for the financial derivative trading business according to relevant accounting standards, reflecting related items in the balance sheet and income statement, with disclosures in periodic reports [4]

Meeting Overview - The third supervisory board meeting of the company was held on August 11, 2025, with all supervisors notified through various means [1] - The meeting reviewed and approved the company's 2025 semi-annual report, confirming its compliance with legal and regulatory requirements [1] Financial Management - The supervisory board assessed the management and use of raised funds, concluding that it adheres to relevant regulations and does not harm shareholder interests [1][2] - The company plans to apply for an increase in comprehensive credit lines of up to RMB 300 million, which is deemed beneficial for financing and cost reduction [2] Cash Management - The use of idle raised funds and self-owned funds for cash management is approved, with no adverse impact on the company's operations, ensuring the preservation and appreciation of cash [2] Related Party Transactions - The expected related party transactions from 2026 to 2028 involve leasing and trademark licensing, conducted under fair and voluntary principles, with no negative impact on the company's independence [3] - The supervisory board approved the company's financial derivatives hedging activities to mitigate foreign exchange risks and enhance financial stability [4]

Core Viewpoint - Cangzhou Mingzhu (002108.SZ) reported a revenue increase in 2024 but faced a significant decline in net profit, indicating challenges in profitability despite higher sales [1][6]. Financial Performance Summary - In 2024, the company achieved an operating revenue of 2.748 billion yuan, a year-on-year increase of 4.93%, while the net profit attributable to shareholders was 154.74 million yuan, down 43.23% from the previous year [2][3]. - The net profit excluding non-recurring gains and losses was 97.90 million yuan, reflecting a 52.91% decrease compared to 2023 [2][3]. - The operating cash flow was significantly impacted, with a net cash flow from operating activities of 47.39 million yuan, down 86.24% year-on-year [2][3]. Segment Performance - The revenue breakdown for 2024 showed: - PE pipeline plastic products generated 1.153 billion yuan, a decrease of 8.27% year-on-year, with a gross margin of 15.21% [3][4]. - BOPA film plastic products saw revenue of 783 million yuan, an increase of 36.94%, but with a negative gross margin of -1.64% [3][4]. - Lithium-ion battery separator materials achieved revenue of 643 million yuan, up 10.72%, with a gross margin of 20.55% [3][4]. Profit Distribution and Dividends - For 2024, the company proposed a cash dividend of 1.66 billion yuan, which represents 107.57% of the annual net profit, indicating a commitment to shareholder returns despite declining profits [9][10]. - The company has consistently paid dividends since its listing in 2007, with total cash dividends of 500 million yuan over the past three years [10][12]. Future Plans and Financial Strategies - Cangzhou Mingzhu plans to provide guarantees for its subsidiaries, with a total guarantee amount not exceeding 5 billion yuan, which is 66.08% of the company's total audited assets as of the end of 2024 [13][15]. - The company intends to engage in financial derivatives for hedging purposes to mitigate market risks related to exchange rates and interest rates, with a maximum contract value of 50 million USD [16].

Group 1 - The company guarantees the authenticity, accuracy, and completeness of the information disclosed in its quarterly report, and assumes legal responsibility for any false records or misleading statements [2][3][4] - The first quarter report is not audited [3][17] - The company reported a significant increase in inventory by 31.19%, amounting to 108,960,972.63 yuan, due to increased raw material and product reserves [4][5] Group 2 - The company experienced a 50.49% decrease in contract assets, amounting to a reduction of 22,207,016.16 yuan, primarily due to a decrease in warranty deposits [4][5] - The company reported a 100% decrease in held-for-sale assets, with a reduction of 6,372,111.06 yuan, as assets in Zhangzhuangzi Industrial Park were sold [5] - The company’s financial expenses increased by 85.62% compared to the previous year, primarily due to increased interest on fixed asset loans [5][6] Group 3 - The company’s net cash flow from operating activities decreased by 33.24%, amounting to a reduction of 34,360,695.54 yuan, mainly due to increased cash payments for raw material purchases [9] - The company’s net cash flow from investing activities increased by 78.98%, amounting to an increase of 49,125,663.27 yuan, due to reduced capital expenditures for fixed assets [10] - The company’s net cash flow from financing activities increased by 295.70%, amounting to an increase of 195,605,982.99 yuan, primarily due to increased bank loans [11] Group 4 - The company’s total comprehensive income attributable to the parent company decreased by 124.23%, amounting to a reduction of 91,392,176.34 yuan, mainly due to negative other comprehensive income recognized from Cangzhou Bank [8] - The company plans to distribute cash dividends of 166,465,414.80 yuan for the 2024 fiscal year, which represents 107.57% of the net profit attributable to shareholders [19][21] - The company’s total assets as of December 31, 2024, were reported at 500,000 million yuan, with a net asset ratio of 97.08% for the proposed guarantee limit for subsidiaries [45][54]