（文章来源：证券日报） 证券日报网讯 2月6日，明泰铝业发布公告称，公司2025年度财务报表及内部控制审计签字注册会计师 由王红帅变更为马珊珊，其2025年1月成为注册会计师，近三年未签署上市公司审计报告，变更不影响 审计工作。 ...

Group 1 - The core viewpoint of the article highlights the performance of the CSI 1000 Value ETF (562530), which rose by 0.64% to 1.410 yuan with a trading volume of 808,100 yuan as of the midday close [1] - The top-performing stocks within the CSI 1000 Value ETF include Jiahu Energy, which increased by 3.45%, and Zhejiang Medicine, which rose by 3.87% [1] - The fund's performance benchmark is the CSI Smart Select 1000 Value Steady Strategy Index, managed by Huaxia Fund Management Co., Ltd., with a return of 40.54% since its inception on July 28, 2022, and a return of 5.51% over the past month [1] Group 2 - Notable stock movements include Shengfeng Cement increasing by 2.28%, while Jiufeng Energy decreased by 0.80%, and Changjiang Media fell by 0.65% [1] - The fund manager is Zhang Jinzhi, indicating a specific leadership in the management of the ETF [1] - The article emphasizes the importance of cautious investment due to market risks, although it does not provide specific risk details [1]

证券代码：601677 证券简称：明泰铝业 公告编号：临 2026-003 河南明泰铝业股份有限公司 项目签字注册会计师马珊珊：于 2025 年 1 月成为注册会计师、2022 年 11 月开始从事上市公司和挂牌公司审计、2022 年 11 月开始在大华会所执业、2022 年 12 月开始为公司提供审计服务；近三年签署上市公司审计报告数量为 0 家。 （二）独立性和诚信情况 项目签字注册会计师马珊珊不存在违反《中国注册会计师职业道德守则》对 独立性要求的情形，最近三年未受到过刑事处罚、行政处罚、行政监管措施和自 律处分。符合定期轮换的规定，无不良诚信记录。 关于变更签字注册会计师的公告 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。 河南明泰铝业股份有限公司（以下简称"公司"）于 2025 年 4 月 22 日召开 第六届董事会第二十一次会议，于 2025 年 5 月 13 日召开 2024 年年度股东大会， 审议通过了《关于续聘大华会计师事务所(特殊普通合伙)担任公司 2025 年度财 务及内控审计机构的议案》，续聘大 ...

Group 1 - The core viewpoint of the article is that Ming Tai Aluminum Industry (601677.SH) has a stable supply of scrap aluminum due to its well-established domestic recycling network and diversified import channels, which are unaffected by the EU's strengthened export controls on scrap aluminum [1] Group 2 - The company relies on a comprehensive domestic recycling network for its scrap aluminum procurement, ensuring a stable supply [1] - The import channels for scrap aluminum cover multiple countries and regions, further enhancing supply stability [1] - The EU's strengthened export controls on scrap aluminum do not impact the company's operations [1]

Summary of Ming Tai Aluminum Industry Conference Call Company Overview - **Company**: Ming Tai Aluminum Industry - **Focus**: High-end intelligent manufacturing and low-carbon circular economy - **Key Clients**: CATL, Xpeng Motors, Tesla Core Points and Arguments - **Strategic Investments**: Plans to invest in air cushion furnaces and arch bottom furnaces to enhance production capacity for high-end products like automotive and aerospace plates [2][4] - **Product Development**: Actively developing high-value-added products such as automotive inner and outer plates, water-cooled plates, liquid-cooled plates, and aluminum columns for industrial robots [2][6] - **Solid-State Battery Collaboration**: Partnering with Zijiang Enterprises and Penghui Energy to provide aluminum-plastic films for soft-pack solid-state batteries, with processing fees around 10,000 RMB/ton and net profit of approximately 2,500 RMB/ton [2][7] - **Production Capacity**: Current annual sales are about 1.6 million tons, with plans to increase capacity to 2.3 million tons over the next five years [11] Financial Performance - **2025 Profit Forecast**: Expected net profit of 1.95 to 2 billion RMB, a year-on-year increase of about 13%, driven by steady sales growth and product structure adjustments [3] - **Profit Margins**: Tax-exempt profit per ton reached around 1,500 RMB in Q3 2026, attributed to improved product structure and cost control measures [12] - **Cash Flow Dynamics**: Significant increase in operating cash flow due to cash strategies, although net profit slightly decreased [14] Future Strategies - **2026 Focus**: Emphasis on high-end manufacturing and low-carbon economy, with plans to launch a second air cushion furnace and a fourth 1+4 hot rolling production line [4][5] - **Dividend Policy**: Plans to increase dividends to over 30% starting in 2026, based on accumulated funds and reduced future capital expenditures [19] Market Outlook - **Demand Projections**: Optimistic outlook for the next two to three years, with expectations of steady growth in high-end markets such as automotive and aerospace [15] - **Processing Fee Adjustments**: Anticipated stability in processing fees, with no downward pressure expected [16] Additional Insights - **Recycling Business**: The profit from recycled aluminum is linked to its processing into finished products rather than simple alloy ingots, with a focus on matching recycling scale with overall capacity [22] - **Impact of Copper Prices**: Rising copper prices are influencing the industry, with potential shifts in material usage in sectors like air conditioning [17] - **Tariff Implications**: The ongoing US-China tariff disputes have minimal impact on the aluminum sector, as the industry has adapted to previous anti-dumping duties [18]

机构持仓方面，截止2025年9月30日，明泰铝业十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股8295.87万股，相比上期增加5914.81万股。南方中证1000ETF（512100）位居第十大流通 股东，持股1137.49万股，为新进股东。 融资方面，明泰铝业当日融资买入8777.45万元。当前融资余额12.39亿元，占流通市值的6.21%，融资 余额超过近一年90%分位水平，处于高位。 资料显示，河南明泰铝业股份有限公司位于河南省巩义市回郭镇开发区，成立日期1997年4月18日，上 市日期2011年9月19日，公司主营业务涉及铝板带及铝型材相关产品的研发、生产与销售业务。主营业 务收入构成为：河南明泰分部64.61%，明泰科技分部37.46%，明晟新材料分部36.97%，泰鸿新材料分 部25.44%，义瑞新材料分部24.73%，昆山明泰分部12.86%，其他经营分部10.53%，泰鸿铝业分部 8.57%，交通新材料分部1.99%。 截至9月30日，明泰铝业股东户数5.72万，较上期增加2.37%；人均流通股21309股，较上期减少2.32%。 2025年1月-9月，明泰铝业实现营业收入25 ...

融资方面，明泰铝业当日融资买入1.81亿元。当前融资余额12.12亿元，占流通市值的5.93%，融资余额 超过近一年90%分位水平，处于高位。 分红方面，明泰铝业A股上市后累计派现14.89亿元。近三年，累计派现6.57亿元。 机构持仓方面，截止2025年9月30日，明泰铝业十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股8295.87万股，相比上期增加5914.81万股。南方中证1000ETF（512100）位居第十大流通 股东，持股1137.49万股，为新进股东。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 融券方面，明泰铝业1月30日融券偿还1.27万股，融券卖出1400.00股，按当日收盘价计算，卖出金额 2.35万元；融券余量18.10万股，融券余额303.72万元，超过近一年90%分位水平，处于高位。 资料显示，河南明泰铝业股份有限公司位于河南省巩义市回郭镇开发区，成立日期1997年4 ...

Core Viewpoint - Ming Tai Aluminum (601677) has obtained AS9100D certification, qualifying the company to supply products in the aerospace sector [1] Group 1: Company Developments - The company has received certification that allows it to participate in the aerospace industry [1] - Ming Tai Aluminum plans to continuously optimize its product structure based on market demand [1] - The company aims to expand its application areas in response to market needs [1]

Group 1 - The company holds the GRS 4.0 global recycling standard certificate and has completed SGS carbon footprint certification for its core products, with recycled aluminum carbon emissions only 2%-5% of that of primary aluminum [1] - Following the implementation of the EU carbon border tax, the company's recycled aluminum products can enjoy a green low-carbon premium [1] - The company references the A00 aluminum spot price from Shanghai Nonferrous Metals Network for both purchasing and sales, indicating that fluctuations in aluminum futures do not impact the company [1] - Currently, the company has a full order book with a production capacity utilization rate of 100% [1]

Core Viewpoint - Ming Tai Aluminum (601677) acknowledges the cost advantages of Nanshan Aluminum (600219) with a full industry chain, indicating a strategic approach to learning from competitors [1] Group 1: Company Strategy - Ming Tai Aluminum is leveraging its extensive downstream products and customer base to develop a recycling aluminum application, focusing on a green and low-carbon industry chain that includes "waste aluminum recycling - smelting regeneration - deep processing" [1] - The company aims to accelerate the upgrade of high-end product structures, enhancing its cyclical resilience and profitability [1] Group 2: Corporate Governance - Ming Tai Aluminum ensures stable corporate governance through its articles of association and board seat mechanisms [1]