南方锰业二零二五年中期报告

2-3 45-67-8910-36 37-4849-6263-707171717273737374-76 20256102025520 2025520 Clarendon House, 2 Church Street,Hamilton HM 11, Bermuda 3603 2025520 (852)2179 1310(852)2537 0168ir@southmn.com 188 2025520 Conyers Corporate Services (Bermuda) LimitedClarendon House, 2 Church Street,Hamilton HM 11, Bermuda 183171712–1716 1091 www.southmn.com 1. 14Clarendon House, 2 ChurchStreet, Hamilton HM 11, Bermuda89363603 2. 2.1 D234 1,389.2131.6822,830,160180.44 2.2 3. (a) (b) (c) (d) 4. 4. (a) 4. 5. 6. 7. 16.5% 15% 15% 25% 35%1% 8. 9. 10. 132,320,000135,234,000 12. (a)43,422,00042,773,0008%8% 43,422,0006,704,00042,773,0006,602,000 (b) 321,086,000316,196,000 (c)16.00% 6.21%16.00%17.05% 75.10%17.05%68.49% 14. 15. 16. 1,135,550,0001,245,244,000725,708,000783,692,000 16. 9 17. 789,048,000655,587,000 19. 21. 21. (a) (b) 22. 23. 24. (a)0.21685,691,800140.97 25. (a) (i)10%50%25%(ii) (b) 26. (a) 5,976,0009,279,0004 (b) 27. (i)(ii)8% 27. 28. 29. 0.224822,830,160180.44 30. •2,912.45,733.349.2%•553.1282.196.1%19.0%4.9%14.1•207.010.4•0.5100.8•172.7162.8 12,72212,36612.9%12.2%131.2128.7 Bembélé14,86915,24543.1%42.0%8.3%267.9247.5 16.7%-6.8%68.3211.1 207.010.4EBITDA281.8%494.6129.6108.7172.7162.8 2,912.45,733.349.2% 10.1%720.4654.3(i)(ii) 20.6%88.2111.131.680.360.6% 11.4%1,028.11,160.9 (a)12,72212,3666.3%80,00785,418 (b) 3.0%134.4138.613.1%11.9%38.950.7 5.5%753.7797.9 (a)14,86915,2458.1%41,77038,637 (b)17.6%30,16136,62358.7%1,5463,743 7.7%262.1243.534.8%30.5%206.2194.06.3% 410.23,120.286.9%16.7%-6.8%68.3211.1 56.7%2,359.35,451.2 553.1282.1271.096.1%19.0%4.9%14.1 36.3%42.967.4 47.3%35.166.7 242.5239.8 33.00%108.7 79.447.766.6%60.3 32.05.7 10.324.5 16.4%–30.9% 172.7162.8 0.0473–0.0475 953.5712.63,594.23,945.62,640.73,233.0 303.7643.5947.2 1,389.21,659.4 3,419.23,719.1175.0226.52.20%8.25%45 3,594.23,945.6 (a)2.61.5(b)174.9282.4(c)800.1824.244.844.1(d)53.927.8 = 1,389.2131.6822,830,160180.44 AA232.0232.028.6%27.4%A 321.1 (a) (b) (c) (a) 6113.761 (b) 685,691,8000.2116.67%685,691,80068,569,1800.21(i)0.24313.58%(ii)0.258618.79%0.2056140.97 (b) (c) – 5,200 ESG •• •••• ESGESGESGESGESG ESG 1.2.3.4.5.6.7.8.9.10.11.12.13.Bembélé (1) (2) (3) (i) (ii) (iii) (4) (i)(ii)(iii) (5) (6) (1) (2) (3) (4)– (5) –– (1) (i)(ii)(iii) (2) (i) (a) (b) (ii) (a)(b) (1) (i) (1) (ii) ISO9001:2015 (iii) (1) (iv) (2) (i)(ii)(iii)(iv)(v);(vi)(vii) (1) (i) (a)(b) (ii) (a)(b) (iii) (a)(b)(c) (2) 65,000 (1)(a)Bembélé (b)(c) (2) I) Bembélé Bembélé Bembélé (1)Bembélé (2)Bembélé(3) Bembélé II) 10019,513 II) Bembélé Bembélé (1)Bembélé(2)(3) Bembélé III) (1) III) (2)• • IV) (1) • IV) (1)• • (2) • • • V) C1 C3 XV(a)XV78(b)352(c) 336XV235% (a)L(b)(c) XV23336 BembéléBembélé BembéléBembélé51% 1091.HK 33.00%