Group 1 - The core business structure of the company focuses on two main segments: renewable energy and salt industry, with renewable energy being the primary source of profit [1] - The company has significantly increased its installed capacity in renewable energy, reaching 1.9464 million kW by the end of 2024, and further increasing to 1.9964 million kW by April 30, 2025 [1] - The company is actively advancing various projects, including a 670,000 kW wind power expansion and an 85,000 kW solar project, while also ensuring a clear pipeline of reserve projects [2] Group 2 - The company is expected to benefit from the recent policy changes that promote the full market entry of renewable energy, which will alleviate previous constraints related to electricity prices, consumption, and subsidies [2] - The company has increased its dividend payout ratio for three consecutive years, reaching 45% in 2024, with a significant year-on-year increase in per-share dividends [3] - The company's first-mover advantage and growth potential in the renewable energy sector are anticipated to be further realized as the industry environment improves and projects come online [3]

Business Overview - The company operates primarily in two sectors: renewable energy and salt industry, with renewable energy being the core business and main profit source [1] - The company has completed capital increase in Yunnan Shale Gas Exploration and Development Co., Ltd. through its subsidiary Yunnan Natural Gas Co., Ltd. [1] Performance Growth - By the end of 2024, the total installed capacity of the company's renewable energy reached 1.9464 million kW, significantly driving revenue growth in 2023 and 2024 [2] - The company expects substantial performance growth due to the full-capacity grid connection of several wind and solar projects [2] Financial Challenges - In 2024, the natural gas segment incurred a loss of approximately CNY 160 million, impacting the company's net profit by over CNY 80 million due to fixed costs outpacing incremental revenue [2] - The loss is attributed to ongoing development by downstream customers and increasing fixed costs from labor, depreciation, and interest [2] Future Projects - The company is advancing several projects, including a 670,000 kW wind power expansion and multiple solar projects, aiming for early completion and operation [3] - New renewable energy projects are in the pipeline, with efforts to secure support from local government and energy authorities [3] Seasonal Factors - Wind power generation in Yunnan is seasonal, with a small wind season from June to October and a large wind season from November to May [3] - The seasonal complementarity between wind and hydropower is beneficial for renewable energy development [3] Strategic Focus - The company is committed to its core strategy of developing the renewable energy sector while exploring new avenues such as compressed air energy storage [4] - There is a focus on enhancing the green energy supply capacity and resource utilization [4] Dividend Policy - The company emphasizes shareholder returns and plans to maintain a proactive, stable dividend policy to share operational results with investors [4]

Core Insights - Artificial intelligence (AI) is a significant driver of the new technological revolution and industrial transformation, profoundly changing production, lifestyle, and learning methods [1] - XueTian Salt Industry (600929) has launched the first AI-powered salt knowledge assistant, "Yan Zhi Xiao," leveraging the DeepSeek model to enhance digital marketing and drive business growth [1] Group 1: Marketing Transformation - The salt industry faces increasing competition, and traditional marketing methods are becoming less effective due to diverse consumer information channels and evolving consumer demands for health and nutrition [2] - "Yan Zhi Xiao" serves as a multifunctional assistant for marketing personnel and a one-stop health salt expert for consumers, utilizing natural language processing and machine learning to create intelligent interactions [2][3] - The AI assistant can match consumer health needs and preferences with suitable salt products, enhancing consumer experience and increasing marketing effectiveness while reducing costs [3] Group 2: Personalized Marketing - The shift from product-centered to user-centered marketing is crucial in the digital age, where personalized services and instant satisfaction are essential to meet rising consumer expectations [4] - "Yan Zhi Xiao" offers personalized salt recommendations and meal suggestions based on consumer preferences and local dietary habits, providing a customized experience akin to having a personal nutritionist [4] - The integration of AI and big data allows for real-time market demand sensing, enabling the company to adjust production and marketing strategies swiftly in response to consumer inquiries [4] Group 3: Value Chain Enhancement - The deep application of AI technology is transforming the industry from traditional models to intelligent ecosystems, enhancing efficiency and effectiveness [5] - The promotion of "Yan Zhi Xiao" aligns with national health strategies, providing a framework for healthy eating and establishing the company as a "professional nutrition steward" in public health [5] - By showcasing technological advancements, the company strengthens its brand image and consumer trust, positioning itself as an innovative leader in digital transformation [5] Group 4: Future Outlook - In a challenging market environment, the company is exploring a new model of intelligent marketing through "human-machine collaboration," aiming for high-quality development in the traditional industry [6] - The AI assistant represents a strategic pivot towards consumer co-creation and collaboration, optimizing business models and expanding growth opportunities in the salt industry [6]

Core Viewpoint - The microfilm "Salt Road" produced by Xue Tian Salt Industry Group has been selected as an excellent brand story by the State-owned Assets Supervision and Administration Commission (SASAC), showcasing the brand power of state-owned enterprises [1][5]. Group 1: Brand Story Collection - In August 2024, SASAC launched a brand story collection activity for state-owned enterprises to promote the narrative of brand creation in the new era [1]. - A total of 200 excellent brand stories were selected, including 100 from central enterprises and 100 from local state-owned enterprises [1]. Group 2: Themes and Narrative - "Salt Road" uses artistic cinematography to illustrate the responsibilities and commitments of state-owned enterprises in inheriting red genes, practicing green ecological concepts, and promoting technological innovation [1]. - The film is structured around three main themes: "Red Gene, Green Ecology, and Technological Innovation," connecting the topics of enterprise reform, technological breakthroughs, and ecological development [1]. Group 3: Recognition and Impact - Since its release, "Salt Road" has received multiple awards, including the "Golden Camellia Award for Excellent Works" at the Hunan Microfilm Competition and the "Hunan State-owned Enterprise Brand Communication Pioneer Award" [5]. - The selection of "Salt Road" as an excellent brand story by SASAC not only recognizes the brand philosophy and value proposition of "Xue Tian Salt" but also sets a new benchmark for brand development in the industry [5].

Group 1 - The company Snow Tian Salt Industry Group Co., Ltd. has announced the repurchase and cancellation of a total of 598,394 restricted stocks due to certain incentive objects not meeting the conditions of the stock incentive plan [1][2] - The repurchase includes 154,500 shares from six incentive objects who left the company due to retirement or uncontrollable job transfers, and 443,894 shares from others who did not meet performance assessment criteria [2] - Following the repurchase, the company's registered capital will be reduced accordingly, and creditors are notified to declare their claims within 45 days [2][3] Group 2 - Creditors are required to submit written requests for debt repayment or guarantees, along with relevant documentation, to the company [3][4] - The announcement specifies the procedure for creditors to declare their claims, including the necessary documentation for both corporate and individual creditors [4]

Core Viewpoint - The company Snow Tian Salt Industry Group Co., Ltd. has announced the repurchase and cancellation of certain restricted stocks that have been granted to incentive recipients but have not yet been released from restrictions, following the approval of relevant proposals by the board of directors and supervisory board [1][2][3]. Group 1: Incentive Plan Procedures - The company has completed the necessary procedures for the 2021 Restricted Stock Incentive Plan, including verification of the list of incentive recipients and obtaining independent opinions from independent directors [1][2]. - The supervisory board has approved various proposals related to the incentive plan, including the initial grant of restricted stocks and the repurchase of stocks from recipients who no longer meet the criteria [2][3]. Group 2: Repurchase and Cancellation Details - A total of 154,500 shares of restricted stock will be repurchased and canceled due to six incentive recipients leaving the company due to uncontrollable job transfers [4][6]. - The repurchase price for the initially granted restricted stocks has been adjusted from 1.95 RMB/share to 1.863 RMB/share, while the price for reserved grants has been adjusted from 2.92 RMB/share to 2.833 RMB/share [6][7]. Group 3: Financial Impact and Share Structure - The total amount allocated for the repurchase of restricted stocks is 1,136,384.70 RMB, sourced from the company's own funds [7]. - Following the repurchase and cancellation, the company's share structure will change, with the number of restricted shares decreasing from 4,001,252 to 3,402,858, while the total shares will decrease from 1,640,711,650 to 1,640,113,256 [8]. Group 4: Supervisory Board Opinion - The supervisory board supports the repurchase and cancellation of restricted stocks for recipients who no longer meet the incentive criteria due to job changes or unsatisfactory performance evaluations [9].

Core Points - The meeting is scheduled for July 3, 2025, at 14:30 in Nanchang, Jiangxi Province [4] - The main agenda includes the election of a non-independent director due to the resignation of Hu Shiping [5][6] - The company aims to ensure the protection of shareholders' rights and maintain order during the meeting [3][4] Meeting Details - The meeting will be held at the 34th floor conference room of the Tongluowan Office Building, Honggutan New District, Nanchang [4] - The meeting will be presided over by Mr. Wei Weixing, the chairman of the board [4] - Attendees will include shareholders or their authorized representatives, board members, supervisory committee members, and legal witnesses [4] Procedures and Regulations - A secretariat will be established to manage the meeting procedures [3] - Shareholders must register ten minutes before the meeting starts [3] - Shareholders have the right to speak, inquire, and vote, but must register to speak in advance [3][4] - The meeting will only allow authorized personnel to attend, ensuring the meeting's seriousness and order [3][4] Election of Non-Independent Director - The board proposes to elect Wan Li as a non-independent director following Hu Shiping's resignation [5][6] - Wan Li has a background in various roles within the Jiangxi Salt Industry and currently serves as the party secretary of Jiangxi Salt Industry Group [6] - Wan Li does not hold any shares in the company and meets all legal qualifications for the position [6]

Core Viewpoint - Yunnan Energy Investment (002053.SZ) is significantly expanding its wind power business by securing development rights for three wind farms, totaling an expected installed capacity of 312.5 MW, with a project completion timeline of 12 months [1][2]. Group 1: Project Development - The company has been awarded the development rights for three wind farms: the South Chong Wind Farm in Fuyuan, the Aguzai Wind Farm in Lijiang, and the Huaping West Wind Farm in Lijiang, with respective capacities of approximately 62.5 MW, 100 MW, and 150 MW [2]. - The project sites are noted for their favorable wind conditions, and the total construction period for all projects is estimated to be 12 months [2]. Group 2: Business Transformation - Yunnan Energy Investment, originally Yunnan Salt Chemical, transitioned into the renewable energy sector in 2019 by acquiring shares in a wind power company from its major shareholder, marking a strategic shift towards new energy development [1][4]. - The company aims to enhance its renewable energy capabilities, focusing on wind and solar power, which accounted for 34.45% of its total revenue in 2024 [4]. Group 3: Financial Performance - The company has experienced continuous growth in revenue and net profit over the past four years, with revenues increasing from 23.48 billion yuan in 2021 to 34.53 billion yuan in 2024, and net profits rising from 2.49 billion yuan to 6.75 billion yuan in the same period [5]. - In the first quarter of 2025, Yunnan Energy Investment reported total revenue of 9.54 billion yuan and a net profit of 2.21 billion yuan, reflecting ongoing growth in its asset scale, which reached 187.95 billion yuan by the end of Q1 2025 [6]. Group 4: Diversified Operations - Besides its renewable energy initiatives, the company is also involved in salt production and natural gas operations, with salt products generating 12 billion yuan in revenue in 2024, accounting for 34.86% of total revenue [6]. - The company is implementing a project to upgrade its salt production facility using energy-efficient technology, with a total investment of 448 million yuan [6].

Core Viewpoint - The first Hunan Province Brand Promotion Conference highlighted the importance of brand strategy in driving high-quality development, with a focus on transforming "Hunan manufacturing" into "Hunan creation" and enhancing brand value in the salt industry [2][7]. Group 1: Brand Development Strategy - Hunan's government has implemented a three-year action plan for brand construction, establishing a comprehensive system for brand cultivation, service, evaluation, protection, and development [2]. - The snow day brand, represented by Xue Tian Salt Industry Group, has achieved significant recognition, including being named "China's first salt reform stock" and ranking 500th in "China's Brand 500 Strong" with a brand value of 11.818 billion [2][4]. Group 2: Brand Identity and Marketing - The brand's development is centered around four "YAN" principles, emphasizing the integration of health and ecological concepts into product packaging, creating unique brand memory symbols [2]. - A multi-media communication matrix has been established to combine product output with cultural resonance and value co-creation, enhancing brand communication effectiveness [3]. Group 3: Quality Control and Industry Position - Xue Tian Salt Industry maintains strict product quality control and advocates for establishing ecological standards for rock salt, aiming to elevate industry quality [4]. - The recognition as one of the "Top Ten Brand Cases in Hunan" reflects the company's deep commitment to the consumer industry and its competitive position in both Hunan and the national market [4].

特此公告。 江西省盐业集团股份有限公司董事会 《上市公司 股东减持股份管理暂行办法》 《上海证券交易所上市公司自律监管指引第 15 号— —股东及董事、高级管理人员减持股份》等有关法律法规和规范性文件的规定履 行减持计划。公司会密切关注宁波龙脊减持公司股票的进展情况，并督促减持主 体严格按照相关减持规定实施减持计划并及时履行信息披露义务。敬请广大投资 者理性投资，注意投资风险。 证券代码：601065 证券简称：江盐集团 公告编号：2025-021 江西省盐业集团股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的提示性 公告 宁波信达汉石龙脊股权投资合伙企业(有限合伙)保证向本公司提供的 信息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息 一致。 重要内容提示： 权益变动方向 比例增加□ 比例减少? 权益变动前合计比例 14.13% 权益变动后合计比例 13.90% 本次变动是否违反已作出的承 是□ 否? 诺、意向、计划 是否触发强制要约收购义务 是□ 否? 一、 信息披露义务人及其一致行动人的基本信息 □控股股东/实际控制人及其 ...