河南明泰铝业股份有限公司 未来三年股东分红回报规划（2026 年-2028 年） 为积极回报投资者，根据《上市公司监管指引第 3 号——上市公司现金分红 （2025 年修订）》 （证监会公告[2025]5 号）及《公司章程》的有关规定，河南明 泰铝业股份有限公司（以下简称"公司"）董事会结合公司实际情况，制订了《河 南明泰铝业股份有限公司未来三年股东分红回报规划（2026-2028 年）》（以下简 称"分红回报规划"）。具体内容如下： 一、分红回报规划制定考虑因素 公司着眼于战略目标及未来可持续发展，综合考虑公司经营发展实际情况、 股东的要求和意愿、社会资金成本、外部融资环境、公司现金流量状况等因素， 对利润分配作出安排，以保证利润分配政策的连续性和稳定性。 二、分红回报规划制定原则 在符合国家相关法律法规及《公司章程》有关利润分配相关条款的前提下， 既要重视对投资者稳定的合理回报，同时兼顾本公司的实际经营情况和可持续发 展。本公司的利润分配不得超过累计可供分配利润的范围，亦不得损害本公司的 持续经营能力。 三、公司未来三年（2026 年-2028 年）的具体分红回报规划 公司可以采取现金、股票或者现金与股票 ...

证券代码：601677 证券简称：明泰铝业 公告编号：临 2025-046 河南明泰铝业股份有限公司 第七届董事会第三次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、董事会会议召开情况 河南明泰铝业股份有限公司(以下简称"公司")于 2025 年 8 月 12 日以电子 邮件和电话通知方式发出召开第七届董事会第三次会议的通知，并于 2025 年 8 月 22 日在公司会议室召开。会议以现场+通讯方式进行，会议应参加董事 9 名， 实参加董事 9 名，出席本次会议董事人数超过董事会成员半数，符合《中华人民 共和国公司法》和《河南明泰铝业股份有限公司章程》的有关规定，会议合法有 效。会议由董事长刘杰先生主持，公司部分高级管理人员列席了本次会议。 二、董事会会议审议情况 （一）审议通过《关于公司 2025 年半年度报告及其摘要的议案》。 本议案已经公司董事会审计委员会审议通过。 表决结果：9 票同意，0 票反对，0 票弃权。 公司拟在不影响本次募集资金投资计划的前提下，根据相关规定将暂时闲置 募集资金补充流 ...

Core Viewpoint - The company Jiaozuo Wanfang plans to acquire a 99.4375% stake in Sanmenxia Aluminum from Hangzhou Jinjiang Group through a share issuance, with the transaction valued at approximately 319.49 billion yuan based on an asset evaluation of 321.36 billion yuan for 100% of Sanmenxia Aluminum [1][2] Group 1: Transaction Details - The share issuance price for the acquisition is set at 5.39 yuan per share [1] - Sanmenxia Aluminum, established in 2003, is the first private enterprise in China to successfully produce alumina from bauxite [1] - The company has a production capacity of 10.28 million tons per year for alumina, ranking fourth in China and sixth globally [1] Group 2: Business Operations - Sanmenxia Aluminum also produces electrolytic aluminum, caustic soda, and metallic gallium, with a gallium production capacity of 290 tons per year, accounting for 22.8% of national capacity and ranking second in China [1] - The company has an electrolytic aluminum capacity exceeding 1 million tons per year, ranking eleventh in the country [1] - The caustic soda production capacity is 500,000 tons per year, placing it among the leaders in South China [1] Group 3: Strategic Implications - Following the transaction, Sanmenxia Aluminum will become a subsidiary of Jiaozuo Wanfang, allowing the company to extend its existing business upstream in the aluminum industry [2] - This acquisition aims to create a complete aluminum material industry chain covering alumina, electrolytic aluminum, and aluminum processing, enhancing industrial synergy and forming a strong industrial cluster [2] - The strategic move is expected to position the company as a leading player in the global aluminum materials market, emphasizing resource security and green, low-carbon production [2]

Core Viewpoint - Hang Seng Index Company announced the quarterly review results for the Hang Seng Index series as of June 30, 2025, with Nanshan Aluminum International (02610) being included in the Hang Seng Composite Index, effective after market close on September 5, 2025, and effective from September 8, 2025 [1] Group 1 - Nanshan Aluminum International is likely to be included in the Stock Connect program due to meeting various criteria such as market capitalization, liquidity, and listing duration [1] - The company announced a stock option plan on July 24, 2025, granting a total of 26.17 million stock options to 155 eligible participants, with each option allowing the purchase of common shares at $0.0000002 per share, contingent upon a payment of HKD 1.00 upon acceptance [1]

Core Viewpoint - The Hang Seng Index Company announced the results of the quarterly review for the Hang Seng Index series, with Nanshan Aluminum International being included in the Hang Seng Composite Index, effective from September 8, 2025 [1] Group 1: Company Inclusion - Nanshan Aluminum International (02610) will be added to the Hang Seng Composite Index, with the change taking effect after market close on September 5, 2025 [1] - The inclusion will lead to adjustments in the eligible stocks for the Hong Kong Stock Connect, as per the announcement [1] Group 2: Market Standards - According to Huatai Securities research, Nanshan Aluminum International meets various criteria for inclusion, including market capitalization, liquidity, and listing duration [1] Group 3: Stock Options Plan - Nanshan Aluminum International announced a stock option plan on July 24, 2025, granting a total of 26.17 million stock options to 155 eligible participants, with each option allowing the purchase of shares at $0.0000002 per share [1] - Participants must pay HKD 1.00 upon acceptance of the stock options [1]

格隆汇8月22日丨明泰铝业(601677.SH)公布2025年半年度报告，报告期实现营业收入169.99亿元，同比 增长11.00%；归属于上市公司股东的净利润9.4亿元，同比下降12.11%；归属于母公司股东的扣除非经 常性损益的净利润8.26亿元，同比下降8.01%；基本每股收益0.75元。 ...

1. Report Investment Rating No information about the industry investment rating is provided in the report. 2. Core Viewpoints - The Shanghai aluminum market is expected to oscillate, with attention on the 20,500 support level of the 60 - day average line. The market is influenced by factors such as the Fed's interest - rate decision, domestic economic policies, and the supply - demand relationship in the aluminum industry [5]. - The traditional peak season is expected to drive marginal improvement in some sectors of the aluminum processing industry, but the overall terminal demand has not fully recovered [34]. - The profit of domestic electrolytic aluminum is expected to remain above 3,000 yuan/ton in the second half of the year, with limited growth in production and low inventory providing support [31]. 3. Summary by Directory 3.1 Report Summary - The US economic data shows strong resilience, with the manufacturing PMI in August reaching the highest level since May 2022. The Fed's decision on interest rates and the impact of tariffs on inflation are the focus of the market. The domestic economy is relatively stable, and the implementation of stable - growth policies continues [9][11][15]. - The domestic aluminum market is affected by various factors such as supply - demand relationship, policies, and international economic situation. The traditional peak season is expected to drive marginal improvement in demand, but the overall recovery is still weak [34]. 3.2 Multi - empty Focus - **Bullish factors**: The expected improvement in demand in the US manufacturing industry and the implementation of domestic stable - growth policies are expected to boost aluminum consumption. The low inventory of electrolytic aluminum also provides support for prices [9][15][31]. - **Bearish factors**: The expected oversupply of alumina, the weak downstream demand in the off - season, and the potential impact of the US steel and aluminum tariff increase on market sentiment [24][37][17]. 3.3 Data Analysis - **Aluminum ore**: In 2025, from January to July, the domestic aluminum ore production increased year - on - year. The import volume of bauxite from Guinea has been at a high level, but the rainy season in Guinea has affected the shipment volume. The supply of alumina is expected to be in surplus, and the production of electrolytic aluminum has limited growth space [19][23][25]. - **Downstream demand**: The overall operating rate of domestic aluminum downstream processing leading enterprises increased slightly this week. The output of aluminum products in July decreased month - on - month and year - on - year. The automobile industry maintained high prosperity, while the real estate market continued to decline [34][37][41]. - **Inventory**: The inventory of LME aluminum remained stable, while the inventory of SHFE aluminum decreased this week. The social inventory of aluminum ingots decreased slightly, and the inventory of aluminum alloy increased slightly [47][50][61]. - **Price**: The domestic spot aluminum price changed from flat to premium, and the LME aluminum discount narrowed [52]. 3.4 Market Outlook - The Shanghai aluminum market is expected to oscillate, with attention on the 20,500 support level of the 60 - day average line. The market will continue to be affected by factors such as the Fed's interest - rate decision, domestic economic policies, and the supply - demand relationship in the aluminum industry [66].

Group 1 - China Hongqiao Group Limited is a large enterprise listed on the Hong Kong Stock Exchange, primarily engaged in the aluminum industry with extensive involvement across various segments of the aluminum supply chain [2] - The company has significant capabilities in bauxite mining, alumina production, and electrolytic aluminum smelting, establishing a strong presence in the industry [2] - China Hongqiao is recognized as one of the major suppliers of aluminum products globally, with a notable reputation in the market [2] Group 2 - The company has been actively repurchasing its shares, with a total of 21.9 million shares repurchased this year, accounting for 2.27% of its total share capital [1] - On August 22, the company repurchased 13.027 million shares at an average price of 24.16 HKD per share, totaling approximately 315 million HKD [1] - Share buybacks are often interpreted as a positive signal from management regarding the company's valuation, indicating that the stock may be undervalued in the market [1]

公告称，溢利减少主要是由于以下因素：本集团于本期间出售的原油及煤炭的平均售价较去年同期大幅 下降;期内原材料成本尤其是Portland Aluminium Smelter(电解铝厂)生产所用的氧化铝较去年同期大幅增 加;由于本集团自2024年7月18日起不再持有Alumina Limited任何股本权益，导致应占一间联营公司溢利 大幅减少;及应占一间合资企业溢利大幅减少约1.18亿港元，较去年同期减少约81.2%，此乃由于本期间 原油价格下跌所致。 中信资源(01205)发布截至2025年6月30日止6个月中期业绩，该集团取得收入93.82亿港元，同比增加 137.9%;公司普通股股东应占溢利1.52亿港元，同比减少57%;每股盈利1.93港仙。 ...

Group 1 - The company reported a revenue of HKD 9.382 billion for the six months ending June 30, 2025, representing a year-on-year increase of 137.9% [1] - The profit attributable to ordinary shareholders was HKD 152 million, a decrease of 57% compared to the previous year [1] - Earnings per share were HKD 0.0193 [1] Group 2 - The decrease in profit was primarily due to a significant drop in the average selling prices of crude oil and coal compared to the same period last year [1] - The cost of raw materials, particularly alumina used in the production at Portland Aluminium Smelter, increased significantly compared to the previous year [1] - The company ceased to hold any equity interest in Alumina Limited from July 18, 2024, leading to a substantial reduction in the share of profits from an associated company [1] - The profit from a joint venture decreased by approximately HKD 118 million, a decline of about 81.2% year-on-year, attributed to the drop in crude oil prices during the period [1]