南方锰业二零二五年年度报告

245918354651687187899798100102104180181 任 任 Clarendon House, 2 Church Street,Hamilton HM 11, Bermuda 89363603 (8522179 1310(8522537 0168ir@southmn.com 1091 158 www.southmn.com Conyers Corporate Services (Bermuda) LimitedClarendon House, 2 Church Street,Hamilton HM 11, Bermuda 183171712-1716 2829 500 15 97180 1415 28.22%8.59%30.34%8.84% 5% 30 26 2,618,617,0001,094,177,000 184,000704,000 4650 9 (i)(ii) Rainbow Minerals Pte. Limited XV(a)XV78(b)352(c) 121% (1) (2)(3) (i)XVXV78352 10% (ii)XV23 336XV235% (a)L(b)(c)Honor Aim Limited(d) XV23336 (2) (1) 43,004,332.80 • 25% (i)(ii)(iii) 300074014A.56 •6,368.813,210.551.8%•1,066.4406.4162.4%16.7%3.1%13.6•305.2375.7•50.6353.5•167.1725.1 •6.5%13,09212,28916.0%8.2%309.3166.0 •14,97415,27241.7%43.4%524.3486.1 •9.5%17.3%150.6203.1 •6.6%5.6%83.1465.3 305.2375.7EBITDA788.6EBITDA 186.2167.1725.1321.0 6,368.813,210.551.8% 9.3%1,961.32,162.9 (a)6.5%13,09212,28910.7%148,022165,724 (b) 71.9%313.6182.416.0%8.4%37.6393.7321.0 1,556.71,508.6 (a)14,97415,27214.4%83,94473,407 (b)9.7%31,37134,73148.2%3,3726,510 6.8%519.1486.133.3%32.2%387.1386.5 34.9%1,585.51,175.3(i)(ii) 25.8%150.6203.131.5171.181.5% 1,265.38,363.884.9%6.6%5.6%83.1465.3 58.6%5,302.312,804.2 1,066.4406.4660.0162.4%16.7%3.1%13.6(i)(ii) 106.3144.2 46.0%71.9133.0 545.5523.9 42.917.831.6 50.6353.533.00%321.0 155.5144.87.4%60.4 94.7124.688.8 23.710.1 39.0%-5.9%11 167.1725.1 0.03940.2115 1,701.6712.63,645.63,945.61,944.03,233.0 28.3%761.91,062.1 1,439.91,659.4 3,645.63,719.1226.50.96%8.25%45 3,645.63,945.6 (a) 1.51.5(b) 858.7282.4(c1,055.7824.244.1(d35.827.8 (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 (c) 822,830,1600.224Honor Aim Limited16.67%822,830,16082,283,0160.224(i)0.27518.55%(ii)0.27719.13%0.2193180.44 1,439.91,659.42,851.9 (a)(b)(c)(d)231.1(e)521.0311.1(f)(g)(h) AA232.0232.034.8%27.4%A 324.2316.2 (a) (b) (c) (a) (b) (c) JORC (1)(a)(b)(c)(d)Bembélé (2) Bembélé Bembélé I) Bembélé (1)Bembélé(2)Bembélé(3) Bembélé II) 10019,683 Bembélé BembéIé (1)Bembélé (2)(3) Bembélé III) (1) (2) • IV) (1) • • • (2) • • • V) 8086.HK1989. HK EMBA002178.SZ300240.SZ 1 C.2.1 4650 3.13 3.13 C3 XIVA 3 (1) (2) C.5.1 1)2)3)4)5)6)7)8)9)10) 1. A. 57 1.2.3. B. 57 910 C. 4. 57 1. 2. 2. 3. 5%1001,000 (a)(b)(c)(d) ir@southmn.com 10% 2150%198174(3) 8996 • •• • • • • • 2.(e)2.(f)2.(g)2.(h)2.(i)2.(j)2.(k)2.(l)2.(m)3.4.5A.5B.5C. 1.2.(a)2.(b)2.(c)2.(d) 2.(h) ir@southmn.com 5,4495,68196.73%99.33%1,44026.43%27.8%26.41%28%40 (1) (2)(3) 5%18,00065,876,00077,183,000 5,400 (ESG) •• •••• ESGESGESGESGESG ESG 1.2.3.4.5.6.7.8.9.10.11.12.13.Bembélé (1) (2) (i)(ii) (3) (i)(ii)(iii) (4) (i)(ii)(iii) (5) (6) (1) (2) (3) (4) (5) 20212025 (1) (i)(ii)(iii) (2) (i) (a)(b) (ii) (a) (b) (1) (i) (1) (ii) ISO9001:2015 (1) (iii) (iv) (2) (i)(ii)(iii)(iv)(v)(vi)(vii) (1) (i) (a) (b) (ii) (iii) (b) (c) (2) 184,000 2,000CCASS Honor Aim Limited20.14%16.67%15.52%10.83%36.84% 97179 1. 2. 3. 90 • • • • • P01727 1. 14Clarendon House, 2 Church Street, Hamilton HM 11,Bermuda89363603 1. # ^ 2.1 1,439,890,0002,851,881,000 (a) (b) (c) (d)231,127,000 (e)521,000,000311,095,000 2.1 (f) (g)(h) (a) (b) (c) 2.1 (i)(ii)(iii)(i)(ii)(iii) 2.2 211 2.3 97––1197–21– 18–5––1028– 2.3 18 18118 • •• 18 • •18• 3. 20% 3636 3. 3. 3. (a) (i)(ii)(iii) (i)(ii)(iii)(iv)(v)(vi)(a)(vii)(a)(i)(viii) 3. 3%-20%10%-20%10%-20%10%-20% 3. 3. (a) 241069410 3. (b) (c) 12 3. 15 9 15 3. • •(a)(b) 3. 1212 30 90 112 2 3 3. (i)(ii) 3. 3. 3. 12 3. 15 3. 1993(a) 3. 4. 2.1 4. 31122329 50% 50% 21 4. 1,279,000381,087,000365,571,00018(b)18(c) (a)(b)(c) 90,972,00092,758,00015 199,662,000200,832,00017 4. 76,121,00069,991,00027 1416 17 1822 33,518,00032,720,0002,292,739,0002,142,195,000 5. (a) (b) (c) (d) 5. (a) (b) 10% 6. 6. (a) 6. (a) (b) 6. * 7. 8. 9. (a) 9. 9. (b) * ** *** 10. 9 11. 16.5% 11. 15% 5%25% 35%1% 12. ╱4,240,768,9573,428,459,000 12. () 13. 14. 128,471,000135,234,000 26976,824,000744,600,000 11,316,0005,692,000 15. 16 16. (a) 12,058,000 2678,878,00079,556,000 16. (b) (c) 16. (c) (d)35(b) 1512,586,00014,002,0006 17. 297,844,000288,406,000 17. 18. (a)80,993,00075,000,00016.00%14.82% 6.21%16.00%17.05% 75.10%17.05%68.49% (b)51,437,00042,773,0008%8% 50,158,0006,768,00042,773,0006,602,000 (c) 324,161,000316,196,000 19. 10%10% 19. 701,502,000689,914,000 1,591,237,0001,452,281,000 20. 231,966,000231,966,000231,966,000231,966,000 2644,115,000 21. 764,983,000846,913,000725,708,000783,692,000 21. 22. 22. 242,017,000177,910,000 8 1,541,069,000655,587,000 24. 6023 25. 25. 26. (a) 38 28. (a)()0.21685,691,800()()140.97 (b)0.224822,830,160()()180.44 30. 10010