证券代码：600425 证券简称：青松建化 公告编号：临 2024-014 四、 本次权益变动对公司的影响 新疆青松建材化工（集团）股份有限公司 关于控股股东权益变动完成的公告 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、 本次权益变动的基本情况 2024 年 1 月 16 日，新疆青松建材化工（集团）股份有限公司（以 下简称"公司"）在中国证券报、上海证券报和上海证券交易所网站 （www.sse.com.cn）披露了《关于控股股东权益变动的提示性公告》。 公司控股股东阿拉尔市统众国有资本投资运营（集团）有限责任公司 （以下简称"阿拉尔统众公司"）与新疆阿拉尔水利水电工程有限公 司（以下简称"阿拉尔水利水电公司"）于 2024 年 1 月 12 日签订了 《股票转让协议》，公司股东阿拉尔水利水电公司拟通过协议转让的 方式将其持有的公司 40,000,000 股股份（占公司总股本的 2.49%）转 让给公司控股股东阿拉尔统众公司。阿拉尔统众公司与阿拉尔水利水 电公司均为新疆生产建设兵团第一师国有资产监督管理委员会 ...

新疆青松建材化工（集团）股份有限公司 2023 年年度股东大会 会议资料 2024 年 4 月 12 日 1 新疆青松建材化工（集团）股份有限公司 2023 年年度股东大会会议议程 （主持人：董事长郑术建） 会议时间：2024 年 4 月 19 日上午 11：30 会议地点：乌鲁木齐市米东区米东南路恒联巷 237 号公司办公楼一楼 会议室 股东代表 2 名，监事 1 名，见证律师。 九、审议《关于续聘大信会计师事务所（特殊普通合伙）为公司 2024 年度审计机构的议案》 2 一、律师审查出席会议人员的资格 二、宣布大会开始 三、成立会议监票组 四、审议《2023 年度财务决算报告和 2024 年度财务预算草案》 五、审议《2023 年度董事会工作报告》 六、审议《2023 年度监事会工作报告》 七、审议《2023 年度利润分配方案》 八、审议《2023 年年度报告》 十、审议《关于选举董事的议案》 十一、审议《关于选举独立董事的议案》 十二、审议《关于选举监事的议案》 十三、各位股东代表发言、提问 十四、现场各位股东代表投票表决 十五、监票组计票 十六、统计表决结果 十七、主持人宣布会议结束 青松建化 202 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 4.88 CNY, down from a previous forecast of 5.89 CNY [26][26]. Core Views - The company achieved significant growth in cement sales, with a year-on-year increase of 35.51%, outperforming the regional average [26][26]. - The increase in production capacity utilization has mitigated some negative impacts from price reductions and rising coal prices, leading to an improvement in net profit per ton [26][26]. - The report highlights that the company's annual revenue reached 4.49 billion CNY, a year-on-year increase of 20.01%, and the net profit attributable to shareholders increased by 65.10% [26][26]. Financial Summary - Revenue Forecast: - 2022A: 3,741 million CNY - 2023A: 4,490 million CNY - 2024E: 4,824 million CNY - 2025E: 5,333 million CNY - 2026E: 5,982 million CNY [26][26] - Net Profit Forecast: - 2022A: 415 million CNY - 2023A: 463 million CNY - 2024E: 601 million CNY - 2025E: 741 million CNY - 2026E: 842 million CNY [26][26] - Key Financial Ratios: - Operating Profit Margin: - 2022A: 12.8% - 2023A: 15.3% - 2024E: 15.8% - 2025E: 17.2% [26][26] - Return on Equity (ROE): - 2022A: 7.9% - 2023A: 7.4% - 2024E: 8.8% - 2025E: 9.8% [26][26] Market Performance - The stock price has fluctuated between 3.16 CNY and 5.55 CNY over the past 52 weeks, with a current market capitalization of 6,226 million CNY [7][26]. - The average daily trading volume is 24.37 million shares, with an average daily trading value of 91 million CNY [26][26].

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 5.00 CNY, indicating an expected return of over 20% within the next six months [5][19]. Core Insights - The company achieved a total revenue of 4.49 billion CNY in 2023, representing a year-on-year growth of 20.01%, while the net profit attributable to the parent company was 463.38 million CNY, up 11.53% year-on-year [14][18]. - The cement business saw a revenue increase of 23.8% to 3.31 billion CNY, driven by fixed asset investment growth in Xinjiang, which rose by 12.4% year-on-year [15]. - The chemical segment, however, reported a loss of 200 million CNY, negatively impacting overall profitability [15][17]. Financial Summary - The company's total assets are projected to grow from 9.69 billion CNY in 2023 to 11.87 billion CNY by 2026, with a steady increase in cash and cash equivalents from 1.61 billion CNY in 2023 to 3.92 billion CNY in 2026 [6][18]. - The net profit margin for 2023 was 10.96%, a slight decrease of 0.30 percentage points compared to the previous year [16]. - The company’s earnings per share (EPS) is expected to rise from 0.29 CNY in 2023 to 0.51 CNY by 2026, reflecting a positive growth trajectory [18]. Market Position and Outlook - The company benefits from a favorable regional market position, particularly in Xinjiang, where infrastructure projects are expected to sustain demand for cement [17]. - Despite challenges in the chemical sector, the overall outlook remains optimistic due to the anticipated growth in the cement market driven by ongoing investments [17].

Financial Performance - The company's operating revenue for 2023 reached CNY 448,980.23 million, representing a 20.01% increase compared to CNY 374,105.50 million in 2022[21]. - The net profit attributable to shareholders for 2023 was CNY 46,338.32 million, an increase of 11.53% from CNY 41,548.95 million in 2022[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 55,296.85 million, showing a significant increase of 65.10% compared to CNY 33,493.43 million in 2022[21]. - The net cash flow from operating activities for 2023 was CNY 44,222.33 million, which is a 102.59% increase from CNY 21,828.16 million in 2022[21]. - The total assets at the end of 2023 amounted to CNY 969,421.49 million, reflecting a 9.21% increase from CNY 887,673.73 million at the end of 2022[21]. - The net assets attributable to shareholders increased to CNY 622,860.18 million, an 18.36% rise from CNY 526,237.71 million at the end of 2022[21]. - The total share capital at the end of 2023 was 1,604,703,707 shares, which is a 16.38% increase from 1,378,790,086 shares at the end of 2022[21]. - Basic earnings per share for 2023 decreased by 3.33% to CNY 0.29 compared to CNY 0.30 in 2022[22]. - Diluted earnings per share for 2023 also decreased by 3.33% to CNY 0.29 compared to CNY 0.30 in 2022[22]. - The company's gross profit margin decreased to 24.79% in 2023 from 26.56% in the previous year, a decline of 1.77 percentage points[166]. Cash Flow and Investments - The net cash flow from operating activities for 2023 was CNY -3,907.64 million, indicating a significant decrease compared to previous periods[25]. - The company’s financial expenses decreased by 58.87% due to the repayment of interest-bearing liabilities[48]. - The company’s total capital stock increased by 225,913,621 shares due to the private placement, impacting financial metrics[138]. - The total amount of funds raised after deducting issuance costs was 66,610,760 RMB, fully allocated to the intended projects[132]. - The net cash flow from financing activities was CNY 332,104,836.60, a turnaround from a negative cash flow of CNY -322,579,046.83 in the previous year[192]. Market and Industry Conditions - The cement and cement products demand increased significantly due to the recovery of fixed asset investment and construction projects[30]. - The company faced challenges in the cement manufacturing industry, including severe overcapacity and rising costs, while also adapting to stricter environmental regulations[31]. - The company reported a significant increase in sales of its main product, urea, compared to the previous year, despite losses in PVC sales due to price declines[30]. - Cement sales volume increased by 35.51% compared to the previous year, driven by regional policy and recovery in fixed asset investment[38]. - The cement industry is expected to see a profit of approximately 32 billion, a 50% decline year-on-year, indicating significant challenges[57]. Research and Development - Research and development expenses decreased by 18.17% year-on-year, totaling CNY 83.79 million[40]. - The company employed 275 R&D personnel, making up 9.09% of the total workforce[51]. - Research and development investments increased by 30%, totaling 150 million yuan, focusing on innovative technologies[80]. Environmental and Sustainability Initiatives - The company plans to enhance energy efficiency, aiming for 30% of high-energy-consuming sectors to meet benchmark levels by 2025[32]. - The company is focused on innovation and efficiency, aiming to build a modern enterprise group with competitiveness and influence[62]. - The company achieved a reduction in particulate matter emissions, with a recorded value of 5.5 mg/m³ at the kiln head, significantly lower than the limit of 10 mg/m³[109]. - The company has been recognized as a "green factory" by local authorities, reflecting its commitment to sustainable practices[120]. - The company is actively pursuing the development of low-carbon technologies and smart factory initiatives to enhance production efficiency and reduce emissions[121]. Governance and Management - The company reported a total compensation of 635.00 million yuan for its executives during the reporting period[77]. - The average age of the executive team is 54.5 years, indicating a mature leadership structure[76]. - The company has appointed new independent directors to enhance governance and oversight[76]. - The remuneration decision process for directors and senior management is based on performance evaluations and completion of operational goals[84]. Future Outlook - The company plans to achieve a revenue of 47.14 billion in 2024, with a net profit of 4.87 billion, enhancing profitability in its main business[63]. - The company is focused on improving management levels and internal control systems to mitigate operational and financial risks[70]. - The financial outlook remains positive, with projected revenue growth of 15% for the upcoming fiscal year driven by increased production and market demand[108].

独立董事提名人声明 提名人新疆青松建材化工(集团)股份有限公司董事会,现 提名邱四平、占磊、童疆明为新疆青松建材化工(集团)股份有 限公司第八届董事会独立董事候选人,并已充分了解被提名人职 业专长、教育背景、工作经历、兼任职务等情况。被提名人已书 面同意出任新疆青松建材化工(集团)股份有限公司第八届董事 会独立董事候选人(参见该独立董事候选人声明)。提名人认为, 被提名人具备独立董事任职资格,与新疆青松建材化工(集团) 股份有限公司之间不存在任何影响其独立性的关系,具体声明如 下: 一、被提名人具备上市公司运作的基本知识,熟悉相关法律、 行政法规、规章及其他规范性文件,具有五年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 二、被提名人任职资格符合下列法律、行政法规和部门规章 的要求: (一)《中华人民共和国公司法》关于董事任职资格的规定; (二)《中华人民共和国公务员法》关于公务员兼任职务的 规定(如适用); (三)中国证监会《上市公司独立董事规则》的相关规定; (四)中共中央纪委、中共中央组织部《关于规范中管干部 辞去公职或者退（离）休后担任上市公司、基金管理公司独立董 事、 ...

天风证券股份有限公司 关于新疆青松建材化工（集团）股份有限公司 2023 年度募集资金存放与实际使用情况的 二、募集资金管理情况 （一）募集资金管理制度的制定情况 公司已按照《中华人民共和国公司法》、《中华人民共和国证券法》、和《上 市公司监管指引第 2 号—上市公司募集资金管理和使用的监管要求》等相关规 定，制定了《新疆青松建材化工（集团）股份有限公司募集资金管理办法》，对 募集资金的存放、使用等进行了规定。 （二）募集资金三方监管协议签订情况 专项核查报告 天风证券股份有限公司（以下简称"保荐机构"）作为新疆青松建材化工 （集团）股份有限公司（以下简称"青松建化"、"公司"）2022年度非公开发行 股票的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所股 票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求 （2022 年修订）》《上海证券交易所上市公司自律监管指引第 11 号——持续督导》 等相关规定，对青松建化 2023 年度募集资金存放与使用情况进行了专项核查。 核查具体情况如下： 一、募集资金基 ...

2022年度业务收入15.78亿元，为超过10,000家公司提供服务。 业务收入中，审计业务收入13.65亿元、证券业务收入5.10亿元。2022 年上市公司年报审计客户196家（含H股），平均资产额179.90亿元， 收费总额2.43亿元。主要分布于制造业、信息传输软件和信息技术服 新疆青松建材化工（集团）股份有限公司 对会计师事务所履职情况的评估报告 根据《国有企业、上市公司选聘会计师事务所管理办法》《、上市 公司自律监管指引第 1 号——规范运作》等法律法规的要求，公司 对大信会计师事务所（特殊普通合伙）（以下简称"大信会计师事务 所"）审计中的履职情况进行了评估，具体情况如下： 一、会计师事务所基本情况 大信会计师事务所成立于1985年，2012年3月转制为特殊普通合 伙制事务所，总部位于北京，注册地址为北京市海淀区知春路1号22 层2206。在全国设有32家分支机构，在香港设立了分所，并于2017 年发起设立了大信国际会计网络，目前拥有美国、加拿大、澳大利 亚、德国、法国、英国、新加坡等38家网络成员所。会计师事务所 是我国最早从事证券服务业务的会计师事务所之一，首批获得H股企 业审计资格，拥有近3 ...

经核查独立董事何云的任职经历以及签署的相关自查文件,上述 人员未在公司担任除独立董事以外的任何职务,也未在公司主要股东 公司担任任何职务,与公司以及主要股东之间不存在利害关系或其他 可能妨碍其进行独立客观判断的关系,公司独立董事符合《上市公司 独立董事管理办法》、《上海证券交易所上市公司自律监管指引第1号 一规范运作》中对独立董事独立性的相关要求。 新疆青松建材化 2024 新疆青松建材化工(集团)股份有限公司董事会 关于独立董事独立性的专项意见 根据证监会《上市公司独立董事管理办法》、上海证券交易所《股 票上市规则》《上市公司自律监管指引第1号一规范运作》等要求, 新疆青松建材化工(集团)股份有限公司(以下简称"公司")董事 会,就公司在任独立董事何云的独立性情况进行评估并出具如下专项 意见: 新疆青松建材化工（集团）股份有限公司董事会 关于独立董事独立性的专项意见 根据证监会《上市公司独立董事管理办法》、上海证券交易所《股 票上市规则》《上市公司自律监管指引第１号一规范运作》等要求, 新疆青松建材化工(集团)股份有限公司(以下简称"公司")董事 会,就公司在任独立董事边新俊的独立性情况进行评估并出具如下专 ...

证券代码：600425 证券简称：青松建化 公告编号：临 2024-012 新疆青松建材化工（集团）股份有限公司 关于董事会、监事会换届选举的公告 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。 新疆青松建材化工（集团）股份有限公司（以下简称"公司"） 第七届董事会和第七届监事会任期已经届满，根据《中华人民共和国 公司法》（以下简称《公司法》）、《上海证券交易所股票上市规则》等 法律法规以及《公司章程》等相关规定，公司开展了董事会、监事会 换届选举工作，现将本次董事会、监事会换届选举情况公告如下： 一、 董事会换届选举情况 根据《公司法》、《公司章程》等有关规定，公司于 2024 年 3 月 24 日召开第七届董事会第十五次会议，审议通过了《关于董事会换届 选举的议案》。 经董事会提名委员会对非独立董事候选人的任职资格审查，公司 董事会同意提名郑术建先生、王建清先生、胡鑫先生为公司第八届董 事会非独立董事候选人。 经董事会提名委员会对独立董事候选人的任职资格审查，董事会 同意提名邱四平先生、占磊先生、童疆明先生为公司第 ...