股票代码：002379 股票简称：宏创控股 公告编号：2025－040 山东宏创铝业控股股份有限公司 第六届监事会第七次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 山东宏创铝业控股股份有限公司（以下简称"公司"）第六届监事会第七 次会议通知于 2025 年 8 月 1 日以书面、传真及电子邮件方式发出。公司第六届 监事会第七次会议于 2025 年 8 月 13 日在公司会议室以现场表决方式召开，会 议应参会监事 3 人，实际参会监事 3 人，会议由监事会主席朱士超先生主持。 会议的召开符合《公司法》等有关法律、行政法规、部门规章、规范性文件和 《公司章程》的有关规定。 二、监事会会议审议情况 本议案有效表决票 3 票，同意 3 票，反对 0 票，弃权 0 票。 经审核，监事会认为公司董事会编制和审核《2025 年半年度报告及摘要》 的程序符合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整 地反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 本议案有效表决票 3 票，同意 3 票，反对 0 ...

Core Viewpoint - The company, Shandong Hongchuang Aluminum Industry Holdings Co., Ltd., is continuing to utilize idle raised funds for cash management to enhance the efficiency of fund usage and create greater returns for the company and its shareholders [1][6][7]. Fundraising Basic Situation - The company raised a total of approximately RMB 800 million by issuing 209,973,753 shares at a price of RMB 3.81 per share, with a net amount of approximately RMB 786.2 million after deducting issuance costs [1][2]. Fund Usage and Idle Reasons - As of August 12, 2025, the company has used approximately RMB 235.9 million of the raised funds, leaving a balance of approximately RMB 574.4 million in the special account [2]. - The company decided to temporarily suspend the implementation of a project related to the annual production of 100,000 tons of high-precision aluminum deep processing to improve fund usage efficiency [2]. Previous Cash Management - The company previously approved the use of up to RMB 400 million of idle raised funds for cash management, with a usage period of 12 months from the board's approval [3][4]. Current Cash Management Situation - The company plans to use up to RMB 400 million of idle raised funds for cash management, with the same 12-month usage period, ensuring that the funds will be returned to the special account after maturity [4][5]. - The investment will focus on low-risk, high-liquidity fixed-income or guaranteed principal investment products [4]. Approval Process and Opinions - Both the board and the supervisory board have unanimously approved the proposal to continue using idle raised funds for cash management, confirming that it will not affect the normal implementation of fundraising projects or change the purpose of the funds [6][7].

Summary of the Conference Call for Shenhuo Holdings Company Overview - **Company**: Shenhuo Holdings - **Industry**: Aluminum and Coal Key Points Stock Performance and Market Dynamics - Shenhuo Holdings' stock price trends generally align with Yun Aluminum, but fluctuations occur due to Shenhuo's coal business, which is affected by coal price volatility [2][4] - In 2022, high coal prices led to Shenhuo's profitability exceeding that of Yun Aluminum, but since 2023, Shenhuo's stock performance has lagged behind Yun Aluminum as coal prices declined [2][5] - By early 2024, an increase in coal sector valuations helped Shenhuo's stock rebound, but from early 2025 to late June, falling coking coal prices caused Shenhuo's market value to underperform compared to Yun Aluminum [5] Business Operations and Capacity - Shenhuo has a flexible management shareholding mechanism and has capitalized on two significant development opportunities in the past 20 years: establishing 800,000 tons of electrolytic aluminum capacity in Xinjiang and relocating 900,000 tons of capacity from Henan to Yunnan, which is now fully operational [2][6] - The company currently lacks supporting facilities for chlorinated alumina and has no plans for investment in this area, which is uncommon for large-scale electrolytic aluminum plants and poses a potential risk [7] Financial Performance and Profitability - Shenhuo's total coal production is 7 million tons, with coal business having a limited impact on overall performance; future earnings are expected to improve as coking coal prices recover [2][8] - In 2024, the coal business's gross profit margin is extremely low, making Shenhuo highly sensitive to increases in aluminum prices. A 1,000 yuan increase in aluminum prices is projected to boost net profit by 840 million yuan [10][11] Market Conditions and Future Outlook - The most challenging period for Shenhuo appears to be over, as coking coal prices have started to rebound from over 900 yuan to around 1,100-1,200 yuan [6] - The company has been exploring opportunities to expand capacity in Xinjiang but has not yet found suitable options. Previous discussions with local aluminum manufacturers for collaboration have not materialized due to profitability in the sector and local government restrictions [12] Coal Business Status - Shenhuo's coal business has recently shown signs of profitability, with three coal mines in Yongcheng and additional operations in Xuchang and Zhengzhou. The company has also resumed production at a 600,000-ton coal mine [9] - Despite experiencing losses in June, the rebound in coal prices has led to profitability in the coal segment by the second quarter [9] Sensitivity to Price Changes - The company has become more sensitive to aluminum price fluctuations, with a significant portion of its profit now derived from aluminum rather than coal, indicating a shift in its business model [10][11] Additional Insights - Shenhuo's management has demonstrated agility in navigating market changes, which may position the company favorably for future growth as market conditions evolve [6][8]

宏创控股（SZ 002379，收盘价：15.51元）8月14日晚间发布半年度业绩报告称，2025年上半年营业收 入约14.48亿元，同比减少13.82%；归属于上市公司股东的净利润亏损约1.18亿元；基本每股收益亏损 0.1039元。2024年同期营业收入约16.8亿元；归属于上市公司股东的净利润亏损约1845万元；基本每股 收益亏损0.0162元。 （文章来源：每日经济新闻） ...

Core Viewpoint - The company emphasizes the integration of ecological protection and economic development, adhering to the principle of "green mountains and clear waters are as valuable as mountains of gold and silver" in its operations [1][3]. Group 1: Green Development Initiatives - The company has significantly increased its clean energy capacity from 465,000 kW in 2012 to 8.33 million kW, with nearly 50% of its installed capacity now from renewable sources [3][4]. - By 2025, the company expects to generate 18.1 billion kWh of clean energy, saving approximately 5.43 million tons of standard coal and reducing CO2 emissions by about 11.48 million tons, equivalent to planting over 62 million mature trees [3][4]. - Major projects like the "Shagehuang" wind and solar base are under construction, expected to provide around 8.934 billion kWh of clean electricity annually, saving 2.8212 million tons of standard coal and reducing CO2 emissions by 7.5391 million tons [4]. Group 2: Circular Economy Innovations - The company has developed a "coal-new energy-electricity-aluminum" circular economy model, effectively converting natural resources into economic benefits [6][7]. - The use of low-quality lignite in power generation has been optimized, with a capacity of 10 million tons per year, providing stable electricity for downstream aluminum production [7]. - By 2025, the proportion of green electricity used in aluminum production is projected to reach 26.7%, significantly reducing carbon emissions [7][8]. Group 3: Ecological Restoration Efforts - The company has invested 1.887 billion yuan in ecological restoration across five open-pit coal mines, restoring 88,600 acres and planting over 14 million trees and 18.06 million shrubs [11][12]. - The vegetation coverage in mining areas has increased from 65% to 90%, with soil erosion control effectiveness reaching 95% [11]. - The transformation of mining sites into eco-tourism attractions has improved local air quality and provided economic benefits to surrounding communities [12].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 出品：新浪财经上市公司研究院 作者：喜乐 近日，创新国际实业集团有限公司Innovation Global Industries Holdings Limited（以下简称"创新国际"）在港交所二次递交招股书，中 金公司及华泰国际担任联席保荐人。根据招股书，本次港股IPO募集资金将用于：1）拓展海外产能，包括建设电解铝冶炼厂以及购买 及安装生产设备；2）绿色能源项目，包括建设绿色能源发电站以及购买及安装设备；3）营运资金及其他一般企业用途。 这份招股书不仅暴露了公司盈利质量滑坡、客户依赖度畸高等显性风险，更折射出"财务脆弱-业务失衡-战略激进"的系统性隐患。与 早已在东南亚站稳脚跟的南山铝业国际（2610.HK）相比，创新国际的国际化布局尚处"纸上谈兵"阶段，其IPO估值逻辑更多依赖远期 想象，而短期风险已不容忽视。 2025年前五个月毛利率净利润率双降 氧化铝毛利率仅2.2% 创新国际聚焦于铝产业链上游中的氧化铝精炼和电解铝冶炼。铝产业链主要包括上游铝生产和下游铝合金加工。上游铝生产主要包含 三个阶段：铝土矿开采、氧化铝精炼和电解铝冶 ...

1. Report Industry Investment Ratings - Aluminum: Neutral [10] - Alumina: Cautiously bearish [10] - Aluminum alloy: Neutral [10] 2. Core Views of the Report - The overall commodity prices fluctuate sharply, while aluminum prices fluctuate relatively less. During the seasonal consumption off - season, aluminum prices maintain a volatile trend. With the social inventory increasing and the inventory accumulation of aluminum rods slowing down, the aluminum price has limited downside space without macro - negative disturbances. The consumption peak season is worth looking forward to, and if it materializes, it will drive up the aluminum price [6]. - Alumina prices are highly volatile due to capital speculation. The political situation in Guinea is tense, but currently, there is no impact on mining and shipping. The alumina market remains in an oversupply situation, and it is too early for market - based capacity clearance [7][8]. - Aluminum alloy is in the consumption off - season. The futures price fluctuates with the aluminum price. The supply of scrap aluminum and primary aluminum is tight, and the cost side supports the price. Attention should be paid to cross - variety arbitrage opportunities [9]. 3. Summary by Related Catalogs 3.1 Important Data 3.1.1 Aluminum Spot - East China A00 aluminum price is 20,760 yuan/ton, with a change of 120 yuan/ton from the previous trading day. The spot premium/discount is - 20 yuan/ton, with a change of 10 yuan/ton [1]. - Central China A00 aluminum price is 20,650 yuan/ton, and the spot premium/discount is - 130 yuan/ton, with no change from the previous trading day [1]. - Foshan A00 aluminum price is 20,710 yuan/ton, with a change of 100 yuan/ton from the previous trading day. The aluminum spot premium/discount is - 70 yuan/ton, with a change of - 15 yuan/ton [1]. 3.1.2 Aluminum Futures - On August 13, 2025, the opening price of the main SHFE aluminum contract is 20,770 yuan/ton, the closing price is 20,790 yuan/ton, with a change of 130 yuan/ton from the previous trading day. The highest price is 20,855 yuan/ton, and the lowest price is 20,755 yuan/ton. The trading volume is 82,078 lots, and the open interest is 216,466 lots [2]. 3.1.3 Inventory - As of August 13, 2025, the domestic social inventory of electrolytic aluminum ingots is 587,000 tons, with a change of 2.3 tons from the previous period. The warrant inventory is 55,116 tons, with a change of 6,406 tons from the previous trading day. The LME aluminum inventory is 478,625 tons, with a change of 1,525 tons from the previous trading day [2]. 3.1.4 Alumina Spot Price - On August 13, 2025, the SMM alumina price in Shanxi is 3,240 yuan/ton, in Shandong is 3,220 yuan/ton, in Henan is 3,240 yuan/ton, in Guangxi is 3,315 yuan/ton, in Guizhou is 3,330 yuan/ton, and the FOB price of Australian alumina is 370 US dollars/ton [2]. 3.1.5 Alumina Futures - On August 13, 2025, the opening price of the main alumina contract is 3,301 yuan/ton, the closing price is 3,230 yuan/ton, with a change of - 30 yuan/ton (- 0.92%) from the previous trading day's closing price. The highest price is 3,321 yuan/ton, and the lowest price is 3,221 yuan/ton. The trading volume is 170,742 lots, and the open interest is 89,264 lots [2]. 3.1.6 Aluminum Alloy Price - On August 13, 2025, the purchase price of Baotai civil primary aluminum is 15,500 yuan/ton, and the purchase price of mechanical primary aluminum is 15,600 yuan/ton, with a change of 100 yuan/ton from the previous day. The Baotai quotation of ADC12 is 19,900 yuan/ton, with a change of 100 yuan/ton from the previous day [3]. 3.1.7 Aluminum Alloy Inventory - The social inventory of aluminum alloy is 48,400 tons, and the in - plant inventory is 60,700 tons [4]. 3.1.8 Aluminum Alloy Cost and Profit - The theoretical total cost is 20,065 yuan/ton, and the theoretical profit is - 165 yuan/ton [5]. 3.2 Market Analysis 3.2.1 Electrolytic Aluminum - Aluminum prices fluctuate relatively less. During the seasonal consumption off - season, the prices maintain a volatile trend. The social inventory increases continuously, but the inventory accumulation of aluminum rods slows down. There is no upward driving force currently, but the downside space is limited without macro - negative disturbances. The consumption peak season is worth looking forward to, and if it materializes, it will drive up the aluminum price [6]. 3.2.2 Alumina - Alumina prices fluctuate greatly due to capital speculation. The political situation in Guinea is tense, but currently, there is no impact on mining and shipping. The alumina market remains in an oversupply situation, and it is too early for market - based capacity clearance [7][8]. 3.2.3 Aluminum Alloy - Aluminum alloy is in the consumption off - season. The futures price fluctuates with the aluminum price. The supply of scrap aluminum and primary aluminum is tight, and the cost side supports the price. The spread between AD2511 - AL2511 contracts is - 525 yuan/ton. Attention should be paid to cross - variety arbitrage opportunities [9]. 3.3 Strategy 3.3.1 Unilateral - Aluminum: Neutral; Alumina: Cautiously bearish; Aluminum alloy: Neutral [10]. 3.3.2 Arbitrage - SHFE aluminum positive arbitrage; Long AD11 and short AL11 [10].

Group 1 - LME aluminum futures prices experienced wide fluctuations, opening at $2606 per ton and currently trading at $2618.5 per ton, reflecting a 0.38% increase [1] - The highest price during the trading session reached $2621.5 per ton, while the lowest dipped to $2606 per ton [1] Group 2 - On August 13, LME aluminum futures opened at $2622.5, peaked at $2640.0, and closed at $2609.0, marking a decrease of 0.59% [2] - As of August 13, the Shanghai Futures Exchange reported aluminum warehouse receipts at 55,116 tons, an increase of 6,406 tons compared to the previous trading day [2] - The LME registered aluminum warehouse receipts stood at 464,400 tons with 14,225 tons canceled, remaining unchanged; total aluminum inventory increased by 1,525 tons to 478,625 tons [2]

公司发布的一季报数据显示，一季度公司共实现营业收入6.30亿元，同比增长69.89%，实现净利润 5264.80万元，同比增长20.67%，基本每股收益为0.5500元，加权平均净资产收益率3.45%。（数据宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 新铝时代8月13日披露，截至8月10日公司股东户数为11707户，较上期（7月31日）减少965户，环比降 幅为7.62%。这已是该公司股东户数连续第2期下降。 证券时报·数据宝统计，截至发稿，新铝时代收盘价为63.84元，上涨7.57%，本期筹码集中以来股价累 计上涨16.73%。具体到各交易日，6次上涨，3次下跌。 融资融券数据显示，该股最新（8月12日）两融余额为1.69亿元，其中，融资余额为1.69亿元，本期筹码 集中以来融资余额合计增加1389.51万元，增幅为8.95%。 ...

新能源及有色金属日报 | 2025-08-13 供给端的扰动再次引发价格普涨 重要数据 铝现货方面：SMM数据，华东A00铝价20640元/吨，较上一交易日变化10元/吨，华东铝现货升贴水-30元/吨， 较上一交易日变化20元/吨；中原A00铝价20540元/吨，现货升贴水较上一交易日变化30元/吨至-130元/吨；佛 山A00铝价录20610元/吨，较上一交易日变化-10元/吨，铝现货升贴水较上一交易日变化0元/吨至-55元/吨。 铝期货方面：2025-08-12日沪铝主力合约开于20630元/吨，收于20735元/吨，较上一交易日变化60元/吨，最 高价达20740元/吨，最低价达到20585元/吨。全天交易日成交83080手，全天交易日持仓210986手。 铝合金成本利润：理论总成本20065元/吨，理论利润-165元/吨。 市场分析 库存方面，截止2025-08-12，SMM统计国内电解铝锭社会库存58.7万吨，较上一期变化2.3吨，仓单库存48710 吨，较上一交易日变化378吨，LME铝库存477100吨，较上一交易日变化1250吨。 氧化铝现货价格：2025-08-12SMM氧化铝山西价格录得3 ...