证券代码：002497 证券简称：雅化集团 公告编号：2025-32 四川雅化实业集团股份有限公司 本公司及监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、 误导性陈述或重大遗漏。 一、监事会会议召开情况 四川雅化实业集团股份有限公司监事会 四川雅化实业集团股份有限公司（以下简称"雅化集团"或"公司"）第六届监事会第六 次会议于 2025 年 6 月 13 日以书面送达的方式发出会议通知，并于 2025 年 6 月 17 日在公司会 议室以现场结合通讯方式召开。会议应出席监事三名，实际出席会议的监事三人，会议由监事 会主席胡强先生主持。本次会议的召集与召开符合《中华人民共和国公司法》和《公司章程》 等有关规定，会议召开合法有效。 二、监事会会议审议情况 本次会议审议通过了《关于整合锂业务公司股权并划转至雅化锂业集团的议案》并作出如 下决议： 监事会认为：公司本次对锂业务公司进行股权整合，有利于增强锂产业发展动力，促进锂 业务独立运营、快速发展、做强做大。本次股权整合是在公司合并报表范围内进行，不会导致 公司合并报表范围发生变动，不会对公司的财务状况和经营成果造成不利影响，也不存在损害 公司及全 ...

Core Viewpoint - The adjustment of the public transfer price for the 100% equity of Baiyin Zabuyé Lithium Industry Co., Ltd. by Tibet Mining reflects the challenges and strategic considerations the company faces in the current lithium industry environment [1][2]. Group 1: Company Actions - Tibet Mining announced a reduction in the transfer price of Baiyin Zabuyé from 197 million yuan to 177 million yuan, a decrease of 10% [1]. - The initial transfer attempt in October 2024 failed to attract qualified buyers, prompting the company to reassess its strategy [1][2]. - The transfer of Baiyin Zabuyé is part of Tibet Mining's efforts to optimize its asset structure and reduce investment risks amid a declining lithium market [2][3]. Group 2: Industry Context - The lithium industry has experienced significant volatility, transitioning from a supply-demand imbalance to an oversupply situation, leading to a decline in lithium prices [2]. - Tibet Mining's revenue and net profit have both decreased, with lithium product revenue dropping over 40% year-on-year [2]. - The current market sentiment is cautious, with potential buyers being more conservative in their valuations of lithium assets due to the industry's downturn [2][3]. Group 3: Future Implications - The successful transfer of Baiyin Zabuyé would mean it will no longer be included in Tibet Mining's consolidated financial statements, impacting the company's future financial health [2]. - The challenges faced by Tibet Mining, including the need for transformation under the "dual carbon" initiative and the risks associated with its lithium extraction technology, complicate the transfer process [3]. - The outcome of this transfer will significantly influence Tibet Mining's strategic direction in the lithium sector, with market participants closely monitoring developments [3].

智通财经5月23日电，据中国有色金属工业协会锂业分会消息，2025年4月，碳酸锂产量稍有下降，企业 部分产线停产检修，氢氧化锂产量基本持平。需求端，新能源汽车产销延续快速增长态势，动力电池装 机量同比增长。2025年4月，国内碳酸锂价格持续下跌。电池级碳酸锂价格从月初的73800元/吨回落至 月末的67300元/吨，下降8.88%；工业级碳酸锂价格从月初的72100元/吨回落至月末的65700元/吨，下降 8.81%；主力合约收盘价从月初的74240元/吨回落至月末的65680元/吨，下降2.92%，月末期现价差为20 元/吨。 中国有色金属工业协会锂业分会：4月碳酸锂产量稍有下降 氢氧化锂产量基本持平 ...

锂业周期下行，行业集体承压，但龙头企业依然不乏关注。5月21日，天齐锂业（002466.SZ， 09696.HK）召开2024年年度股东大会，吸引诸多投资者参加。 会上，天齐锂业董事长蒋安琪携公司治理层和管理层，就投资者关注的锂盐价格趋势、上游资源开发、 固态电池新领域布局等问题进行回应。 在蒋安琪看来，目前锂盐价格已经进入磨底期，接下来的竞争不会减少，但只要具备持续竞争能力，长 远来看，股东的投资就能获得回报，请股东们对公司抱有信心。 好消息是，在今年一季度，天齐锂业已经率先扭亏为盈。1-3月，公司实现营收25.84亿元，归母净利润 1.04亿元。 100%自给率下依然要强化资源端 作为行业内少有的锂矿资源100%自给的企业，天齐锂业同时布局优质的硬岩型锂矿和盐湖卤水资源， 公司以位于澳大利亚的控股子公司文菲尔德之全资子公司泰利森所拥有的格林布什锂辉石矿和公司控股 子公司盛合锂业所拥有的中国四川雅江措拉矿为资源基地，并通过投资SQM和日喀则扎布耶的部分股 权，进一步扩大了对境内外优质盐湖锂矿资源的布局。 行业磨底期，降本、提质、增效 过去一年，伴随锂盐价格的不断下跌，全行业承压。2024年，锂盐基本在7-1 ...

证券研究报告 锂业弹性表2025年5月 行业评级：看好 2025年5月21日 | 分析师 | 沈皓俊 | 分析师 | 王南清 | | --- | --- | --- | --- | | 邮箱 | shenhaojun@stocke.com.cn | 邮箱 | wangnanqing@stocke.com.cn | | 证书编号 | S1230523080011 | 证书编号 | S1230523100001 | 01 锂业弹性表 预计2025年自有矿权益产量最多的为：天齐锂业，赣锋锂业，中矿资源，华友钴业。 预计2026年自有矿权益产量最多的为：赣锋锂业，天齐锂业，中矿资源，华友钴业。 2024至2026年产量增速较快的为：雅化集团，川能动力，西藏矿业，赣锋锂业，紫金矿业。 增量分析： 2 3 03 风险提示 添加标题 1）赣锋锂业：未来几年主要增量为Goulamina项目、Cauchari-Olaroz 盐湖、Mariana盐湖项目放量。 2）天齐锂业：未来几年主要增量为格林布什矿山三期扩建，以及SQM产能的扩张。 3）中矿资源：未来几年主要增量为Bikita项目增产。 4）永兴材料：未来几年增量为化山瓷石 ...

锂业弹性表2025年5月 行业评级：看好 2025年5月21日 | 分析师 | 沈皓俊 | 分析师 | 王南清 | | --- | --- | --- | --- | | 邮箱 | shenhaojun@stocke.com.cn | 邮箱 | wangnanqing@stocke.com.cn | | 证书编号 | S1230523080011 | 证书编号 | S1230523100001 | 01 锂业弹性表 预计2025年自有矿权益产量最多的为：天齐锂业，赣锋锂业，中矿资源，华友钴业。 预计2026年自有矿权益产量最多的为：赣锋锂业，天齐锂业，中矿资源，华友钴业。 2024至2026年产量增速较快的为：雅化集团，川能动力，西藏矿业，赣锋锂业，紫金矿业。 增量分析： 2 证券研究报告 添加标题 1）赣锋锂业：未来几年主要增量为Goulamina项目、Cauchari-Olaroz 盐湖、Mariana盐湖项目放量。 2）天齐锂业：未来几年主要增量为格林布什矿山三期扩建，以及SQM产能的扩张。 3）中矿资源：未来几年主要增量为Bikita项目增产。 4）永兴材料：未来几年增量为化山瓷石矿项目扩产建成增产。 ...

日度报告——综合晨报 穆迪下调美国信用评级，5 月美通胀预期继续 回升 [T报ab告le_日R期an：k] 2025-05-19 宏观策略（外汇期货(美元指数)） 穆迪下调后 美国失去最后一个最高信用评级 穆迪下调了美国评级，这意味着美国失去了最高信用评级，对 于美国财政赤字的担忧上升，美元短期走弱。 宏观策略（黄金） 5 月美国通胀预期继续回升 综 周五金价震荡收涨，在 3200 美金附近运行，俄乌谈判扰动市场， 穆迪下调美国主权评级，对金价构成提振，但黄金尚未摆脱回 调趋势。美国政府债务问题市场多黄金核心逻辑。 合 农产品（豆粕） 晨 阿根廷大豆收获完成 66% 报 上周国内进口大豆成本变动不大。全国油厂共压榨大豆 190.55 万吨，钢联预估本周压榨升至 220 万吨以上，豆粕将进入季节性 累库周期，现货及基差压力不减。 有色金属（锌） 近期俄罗斯龙兴矿锌矿招标下半年 2-3 万吨锌矿 | 杨云兰 | 高级分析师 （农产品） | | --- | --- | | [Table_Analyser] 从业资格号： | F03107631 | | 投资咨询号： | Z0021468 | | Tel： | 862 ...

Core Viewpoint - Yongshan Lithium Industry (603399) is under market scrutiny to see if it can transform into a well-known lithium company with the support of its new controlling shareholder after experiencing ownership changes and declining core business performance [1] Fundraising and Financial Situation - On May 15, Yongshan Lithium announced a plan to raise no more than 500 million yuan through a private placement to its controlling shareholder, Yongrong Zhisheng, to supplement working capital [2][4] - The private placement will issue up to 71.84 million shares, accounting for 13.94% of the total share capital, at a price of 6.96 yuan per share, which is approximately 20% lower than the closing price on May 15 [4] - As of the end of Q1 2025, Yongshan Lithium had cash reserves of 408 million yuan, a year-on-year decrease of 65.86%, while short-term borrowings surged by 157.63% to 419 million yuan, indicating significant debt pressure [5] Business Performance - Yongshan Lithium's main businesses, molybdenum and lithium, have shown poor performance, leading to a decline in overall revenue. The company reported revenues of 7.061 billion yuan in 2022, 7.505 billion yuan in 2023, and 5.895 billion yuan in 2024, with net profits of 492 million yuan, -337 million yuan, and 25.42 million yuan respectively [9] - The molybdenum business generated 4.867 billion yuan in revenue in 2024, a year-on-year decrease of 14.72%, while the lithium business revenue fell by 43.39% to 1.015 billion yuan [10] - In Q1 2025, the company reported a net loss of 29.49 million yuan, a year-on-year decrease of 141.28%, attributed to declining product prices and increased inventory impairment losses [12] Strategic Shift and New Ownership - The new controlling shareholder, Yongrong Group, is expected to shift Yongshan Lithium's strategic focus towards lithium, leveraging its background in the lithium industry [13][16] - Yongrong Group, which operates over 60 subsidiaries and employs nearly 10,000 people, aims to position Yongshan Lithium as a key player in the new energy chemical materials sector, with a production scale that could enhance its global competitiveness [16] - The management team of Yongshan Lithium has been replaced by executives from Yongrong Group, indicating a significant shift in corporate governance [16] Market Conditions - The lithium market is currently facing volatility, with prices for battery-grade lithium carbonate reported to have dropped significantly, raising concerns about profitability for many lithium companies [17]

Group 1: Fund Management and Market Operations - The first batch of 26 fund managers has reported floating management fee products following the public fund reform on May 7, with 21 large managers, 4 small managers, and 1 foreign-owned manager participating, all demonstrating strong equity management capabilities [1] - Recent restrictions on money market funds are aimed at preventing arbitrage funds from impacting stability, with measures including limiting large subscriptions and temporarily halting purchases [1] - Industry insiders have refuted claims that public fund assessment benchmarks are causing significant market repositioning, asserting that there is no large-scale repositioning occurring among public funds [1] Group 2: Automotive and Financial Sector - The People's Bank of China has implemented a reserve requirement ratio cut, releasing approximately 1000 billion yuan in funds, which is expected to significantly stimulate the automotive industry [2] - The core industry value added of the digital economy is projected to exceed 10% of GDP by the end of 2025, indicating a strong growth trajectory for the digital sector [2] Group 3: Corporate Developments - The Honghu Fund Phase II, with a scale of 20 billion yuan, is set to invest in large-cap, liquid, and high-impact listed companies, emphasizing long-term capital investment [3] - Japan Display Inc. announced a voluntary retirement program for about 1500 employees, with a reported net loss of 78.2 billion yen for the fiscal year 2024 [4] - CATL's Hong Kong IPO has seen subscription amounts exceed 280 billion HKD, indicating strong market interest [5] - The China Securities Regulatory Commission has approved Huadian New Energy's IPO registration on the Shanghai Stock Exchange [5] Group 4: Market Performance and Trends - China State Construction reported new contract signings totaling 1.52 trillion yuan from January to April, reflecting a year-on-year increase of 2.8% [7] - Tunnel Holdings' controlling shareholder plans to increase its stake in the company with a total investment of between 250 million and 500 million yuan [8] - Datang Power has completed the issuance of 3 billion yuan in medium-term notes, with proceeds aimed at debt repayment and operational funding [9] - The Shanghai Composite Index experienced a slight decline of 0.4%, with significant trading activity and a notable interest in high-position stocks [11]

关于公司 2025 年度向特定对象发行 A 股股票方案及相 关事项的书面审核意见 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共 和国证券法》（以下简称"《证券法》"）、《上市公司证券发行注册管理办法》 （以下简称"《管理办法》"）等法律、法规和规范性文件及《锦州永杉锂业股 份有限公司章程》（以下简称"《公司章程》"）有关规定，锦州永杉锂业股份 有限公司（以下简称"公司"）监事会在认真审阅相关材料的基础上，就公司 象发行"）方案及相关事项发表书面审核意见如下： 一、公司符合《公司法》 《证券法》 《管理办法》等法律、法规和规范性文件 锦州永杉锂业股份有限公司监事会 袁思迦：____________ 侍孝云：_____________ 王东：_____________ 三、本次发行募集资金的投向符合国家相关政策的规定以及公司的实际情况 和发展需求，符合公司所处行业现状及发展趋势，具备必要性和可行性，符合公 司的长远发展目标和股东的利益，不存在损害公司及全体股东特别是中小股东利 益的行为。 四、公司最近五个会计年度内没有通过配股、增发、可转换公司债券等方式 募集资金，且公司前次募集资金到账时 ...