Qingdao East Steel Tower Stock Co Ltd

Qingdao Dongfang Tower Co., Ltd. announced that the target company, 72% of whose equity its wholly-owned subsidiary Sichuan Huiyuanda Potash Fertilizer Co., Ltd. plans to acquire, namely Kunming Diyin Mining Co., Ltd., has obtained the Shugu Phosphate Mine Mining License and the Real Estate Title Certificate for Mining Rights issued by the Yunnan Provincial Department of Natural Resources. The mining area covers 5.5253 square kilometers, with mining depths from 3,150 meters to 2,500 meters, and a validity period from August 18, 2026 to August 17, 2041, totaling 15 years. The company stated that obtaining the mining rights certificate is of positive significance for completing the equity acquisition, helps improve the integrated potash and phosphate industry chain layout, and aligns with the company's overall strategic development plan. It also cautioned that actual construction of the Shugu Phosphate Mine still requires completion of multiple approval procedures including project approval, environmental impact assessment, water conservation, and safety facility design, and the completion time remains uncertain. In addition, the equity transfer registration for the 72% stake in Kunming Diyin has not yet been completed, and the company has not yet obtained control over it.

Dongfang Tower released its 2026 interim report. Total operating revenue was 3.051 billion yuan, net profit attributable to the parent company was 976 million yuan, and net cash inflow from operating activities was 1.146 billion yuan. The company's latest asset-liability ratio was 30.64%, up 0.87 percentage points from the previous quarter. Gross margin was 47.48%, return on equity was 9.42%, and diluted earnings per share was 0.78 yuan. Total asset turnover was 0.21 times, and inventory turnover was 1.86 times, down 6.84% year on year. The number of shareholders was 28,600, and the top ten shareholders held 70.15% of total share capital.

Dongfang Tower disclosed its 2026 semi-annual report on August 26. In the first half of the year, it achieved total operating revenue of 3.051 billion yuan, up 42.03% year on year. Net profit attributable to the parent company was 976 million yuan, up 97.84% year on year. Non-GAAP net profit was 964 million yuan, up 100.88% year on year. The company plans to distribute a cash dividend of 1 yuan per 10 shares, tax included, to all shareholders. As of the end of the first half of 2026, the company's net cash flow from operating activities was 1.146 billion yuan, up 22.51% year on year.