中国铝业股份有限公司 会议资料 中国铝业 2024 年年度股东会、2025 年第一次 A 股类别股东会、2025 年第一次 H 股类别股东会会 议资料 目 录 会议议程 1 中国铝业 2024 年年度股东会、2025 年第一次 A 股类别股东会、2025 年第一次 H 股类别股东会会 议资料 会议议程 审计师等 四、会议议程： 的议案 员责任险的议案 中国铝业 2024 年年度股东会、2025 年第一次 A 股类别股东会、2025 年第一次 H 股类别股东会会 议资料 的议案 性授权的议案 《中国铝业股份有限公司股东会议事规则》及《中国铝业股份 有限公司董事会议事规则》的议案 授权的议案 中国铝业 2024 年年度股东会、2025 年第一次 A 股类别股东会、2025 年第一次 H 股类别股东会会 议资料 （四）2025 年第一次 H 股类别股东会，审议以下议案： 授权的议案 中国铝业 2024 年年度股东会、2025 年第一次 A 股类别股东会、2025 年第一次 H 股类别股东会会 议资料 第一部分 中国铝业 2024 年年度股东会、2025 年第一次 A 股类别股东会、2025 年第一次 H 股类别股东 ...

Core Viewpoint - The company reported strong financial performance in Q1 2025, with significant increases in revenue and net profit, driven by higher production and sales of aluminum products [1][2]. Financial Performance - Q1 2025 revenue reached 55.784 billion yuan, a year-on-year increase of 13.95% [1] - Net profit attributable to shareholders was 3.538 billion yuan, up 58.78% year-on-year [1] - Net profit after deducting non-recurring gains and losses was 3.444 billion yuan, reflecting a 57.94% increase year-on-year [1] Production and Sales - The company achieved a metallurgical-grade alumina production of 4.48 million tons, a year-on-year increase of 5.41% [2] - Fine alumina production reached 950,000 tons, up 6.74% year-on-year [2] - The company sold 1.68 million tons of self-produced metallurgical alumina, a 12.0% increase year-on-year [2] - Raw aluminum (including aluminum alloys) production was 1.94 million tons, an 8.99% increase year-on-year [2] - The company sold 1.90 million tons of self-produced raw aluminum (including alloys), a 7.95% increase year-on-year [2] - Coal production reached 3.22 million tons, up 11.81% year-on-year [2] Pricing Trends - The average price of A00 aluminum in the Chinese market was 20,429 yuan/ton, a year-on-year increase of 7.39% [2] - The average price of alumina was 4,116 yuan/ton, up 21.83% year-on-year [2] - The average price of bauxite in Guangxi was 510 yuan/ton, reflecting a 30.77% year-on-year increase [2] Cash Flow and Financial Health - The company reported a net cash flow from operating activities of 6.260 billion yuan, a 75.06% increase year-on-year [2] - The asset-liability ratio reached 48.10%, the lowest level in nearly a decade [2] Strategic Developments - The company optimized its industrial chain layout with the commissioning of the Guangxi Huasheng and Inner Mongolia Huayun Phase III projects [3] - In 2024, the company added 73.55 million tons of new resource capacity [3] - The Guangxi Huasheng Phase II alumina project and Inner Mongolia Huayun Phase III electrolytic aluminum project were fully operational [3] Profit Forecast - Projected revenues for 2025, 2026, and 2027 are 227.666 billion, 234.656 billion, and 239.746 billion yuan, respectively [4] - Expected net profits for the same years are 11.347 billion, 11.627 billion, and 12.093 billion yuan, respectively [4] - The current stock price corresponds to a PE ratio of 9.8, 9.6, and 9.2 for the years 2025, 2026, and 2027 [4] Investment Outlook - The company, as a leading player in the domestic aluminum industry, is expected to benefit from high electrolytic aluminum prices, maintaining a "buy" investment rating [5]

证券代码：838971 证券简称：天马新材 公告编号：2025-054 河南天马新材料股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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 带法律责任。 一、 投资者关系活动类别 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 4 月 11 日 15:00-16:30 活动地点：河南天马新材料股份有限公司（以下简称"公司"）在上海证券报 官网中国证券网（https://roadshow.cnstock.com）举办 2024 年年度报告网络业绩 说明会。 参会单位及人员：通过网络方式参与公司 2024 年年度报告业绩说明会的投 资者。 上市公司接待人员：公司董事长、总经理：马淑云女士；公司董事会秘书： 胡晓晔女士；公司财务负责人：茹红丽女士；中国国际金融股份有限公司保荐代 表人：杨曦先生。 1 三、 投资者关系活动主要内容 本次业绩说明会公司就投资者普遍关注的问题进行了沟通与交流，主要 ...