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兴发集团(600141) - 湖北兴发化工集团股份有限公司关于不向下修正“兴发转债”转股价格的公告
2025-04-14 10:32
证券代码:600141 证券简称:兴发集团 公告编号:临2025-023 转债代码:110089 转债简称:兴发转债 湖北兴发化工集团股份有限公司 关于不向下修正"兴发转债"转股价格的公告 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。 重要内容提示: ●自2025 年3 月22 日起至2025 年4 月14 日,湖北兴发化工集团股份有 限公司(以下简称"公司")股票在连续30 个交易日中已有15 个交易日的收 盘价低于当期转股价格的85%(24.99 元/股),已触发"兴发转债"转股价格 向下修正条款。 ●经公司第十一届董事会第八次会议审议通过,公司董事会决定本次暂不 行使"兴发转债"转股价格向下修正的权利。同时,自本次董事会审议通过的 次一交易日起未来十二个月内(即 2025 年 4 月 15 日至 2026 年 4 月 14 日), 如再次触发"兴发转债"转股价格向下修正条款,公司亦不提出向下修正方案; 自2026 年4 月15 日起,如再次触发"兴发转债"转股价格向下修正条款,届 时公司董事会将再次召开会议决定是 ...
兴发集团(600141):磷矿石高景气助力业绩稳步增长 新材料产能持续释放
Xin Lang Cai Jing· 2025-04-14 10:25
点评: 事件:兴发集团2024 年实现营业收入283.96 亿元,同比增长0.41%;实现归母净利润16.01 亿元,同比 增长14.33%。公司拟每10 股派现10元(含税)。 磷矿石高景气带动公司业绩稳中向好。2024 年,兴发集团实现营业收入283.96 亿元,同比微增0.41%; 归母净利润16.01 亿元,同比增长14.33%。其中,第四季度营收为63.46 亿元,同比增长1.70%,环比下 降26.60%,归母净利润2.87 亿元,同比下降35.82%,环比下降43.63%。磷矿业务大幅增长成为稳定公 司业绩的主要因素。受益于磷矿石价格高位运行(湖北30%品位船板价近三年稳定于900 元/吨以上), 公司矿山采选2024 年营收35.57 亿元,同比增长65.28%,毛利率74.28%(同比+5.40pcts)。特种化学品 业务稳中有进,在电子化学品、高端新材料等领域取得技术突破,电子级磷酸、硫酸等产品已达到国际 先进水平,供应国内外众多高端客户。2024 年公司特种化学品实现收入52.78 亿元,同比增长4.97%。 得益于磷矿石和特种化学品的带动,公司2024 年毛利率与净利率分别提升至19. ...
兴发集团(600141) - 湖北兴发化工集团股份有限公司关于公司持股5%以上股东增持进展暨权益变动触及1%的提示性公告
2025-04-10 08:49
| 证券代码:600141 | 证券简称:兴发集团 | 公告编号:临2025-022 | | --- | --- | --- | | 转债代码:110089 | 转债简称:兴发转债 | | 湖北兴发化工集团股份有限公司 关于公司持股 5%以上股东增持进展暨权益变动触及 1%的 提示性公告 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。 重要内容提示: ●本次权益变动为湖北兴发化工集团股份有限公司(以下简称"公司") 持股 5%以上股东浙江金帆达生化股份有限公司(以下简称"浙江金帆达") 履行此前披露的增持股份计划所致,不触及要约收购。 ●本次权益变动不会导致公司控股股东及实际控制人发生变化。 ●浙江金帆达自 2025 年 1 月 23 日至 2025 年 4 月 9 日,通过上海证券交 易所系统以集中竞价交易方式累计增持公司股份 11,330,000 股,占公司总股 本的 1.03%。本次权益变动后,浙江金帆达持有公司股份数量由 162,397,372 股增加至 173,727,372 股,持股比例由 14.72%增加至 ...
兴发集团(600141):业绩稳步增长,看好成长性板块放量
Investment Rating - Maintain 'Outperform' rating for the company, indicating expected performance above the market benchmark over the next 12-18 months [4][9]. Core Views - Despite challenges in glyphosate and silicone sectors, the company achieved stable growth in 2024, supported by its growth and resource sectors [4][9]. - The earnings forecasts for 2025-2026 have been lowered due to the lack of recovery in agrochemical and silicone sectors, with new forecasts for 2027 introduced [4][9]. - The target price is maintained at 24.34 RMB, corresponding to a PE ratio of 14.5x for 2025, which is above the average of 11.5x for comparable companies, reflecting optimism about the dual main business elasticity [4][9]. Financial Summary - 2024 revenue is projected at 28.40 billion RMB, a slight increase of 0.41% year-on-year, with net profit attributable to shareholders at 1.60 billion RMB, up 14.33% [4][9]. - The fourth quarter of 2024 saw revenue of 6.35 billion RMB, a year-on-year increase of 1.70%, but a quarter-on-quarter decrease of 26.60%, with net profit of 287 million RMB, down 35.82% year-on-year and down 43.63% quarter-on-quarter [4][9]. - The company plans to focus on phosphate expansion and downstream fine products capacity in 2025, aiming to complete several key projects within the year [4][9]. Financial Projections - EPS for 2025-2027 is projected to be 1.68, 1.93, and 2.19 RMB respectively, with previous estimates for 2025-2026 being 2.01 and 2.25 RMB [4][9]. - The company aims to complete various projects, including 40,000 tons/year ultra-high purity electronic chemicals and electronic-grade hydrogen peroxide expansion projects [4][9]. - Significant profit increases are expected from phosphate and specialty chemicals sectors, demonstrating resilience from deep industry chain cultivation [4][9].
兴发集团(600141) - 湖北兴发化工集团股份有限公司关于持股5%以上股东股份质押的公告
2025-04-08 08:15
证券代码:600141 证券简称:兴发集团 公告编号:临 2025-021 转债代码:110089 转债简称:兴发转债 ●浙江金帆达生化股份有限公司(以下简称"浙江金帆达")持有湖北兴 发化工集团股份有限公司(以下简称"公司")股份173,036,872股,占公司 股份总数的15.68%。本次办理7,000,000股股份质押手续后,浙江金帆达持有 公司股份累计质押数量为63,000,000股,占其持有公司股份总数的比例为 36.41%。 近日,公司收到持股 5%以上股东浙江金帆达通知,浙江金帆达在中国证 券登记结算有限责任公司办理了股权质押登记手续。根据《上海证券交易所股 票上市规则》的相关规定,现将有关事宜公告如下: 湖北兴发化工集团股份有限公司 关于持股 5%以上股东股份质押的公告 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。 重要内容提示: 股东 名称 是否为 控股 股东 本次质押 股数(股) 是否为 限售股 是否补 充质押 质押 起始日 质押 到期日 质权人 占其所 持股份 比例(%) 占公司 总股份 比例(% ...
兴发集团(600141) - 湖北兴发化工集团股份有限公司关于“兴发转债”预计满足转股价格修正条件的提示性公告
2025-04-07 09:00
证券代码:600141 证券简称:兴发集团 公告编号:临2025-020 转债代码:110089 转债简称:兴发转债 湖北兴发化工集团股份有限公司 关于"兴发转债"预计满足转股价格修正条件的 提示性公告 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。 重要内容提示: ●证券代码:600141,证券简称:兴发集团 ●转债代码:110089,转债简称:兴发转债 ●转股价格:29.40 元/股 ●转股时间:2023 年3 月28 日至2028 年9 月21 日 ●自2025 年3 月22 日至2025 年4 月7 日,公司股票在连续30 个交易日 中已有10 个交易日的收盘价低于当期转股价格的85%(即24.99 元/股),预 计触发转股价格向下修正条件。若触发条件,公司将于触发条件当日召开董事 会审议决定是否修正转股价格,并及时履行信息披露义务。敬请广大投资者注 意投资风险。 一、可转债发行上市概况 (一)发行上市基本情况 根据中国证券监督管理委员会《关于核准湖北兴发化工集团股份有限公司 二、可转债转股价格修正条款与可能触发 ...
化工新材料周报:溴素价格继续上涨,EVA价格趋稳
Tai Ping Yang· 2025-04-07 02:15
Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Bromine prices continue to rise, with a 15.12% increase this week, reaching 33,385 RMB/ton, following a 20.83% rise last week, and showing an 85.47% year-on-year increase [3][4] - The refrigerant sector remains strong, with R32 prices at 48,000 RMB/ton, up 5.49% from last week, driven by seasonal demand [4][5] - EVA prices have stabilized and slightly rebounded, with an average market price of 11,443 RMB/ton, reflecting a 5.47% increase since the beginning of the year [4][5] Summary by Sections 1. Sub-industry and Product Tracking - Bromine prices have shown a significant increase due to seasonal demand and supply constraints, with a current price of 33,385 RMB/ton [3][4] - Refrigerant prices are on the rise, with R32 at 48,000 RMB/ton and R125 at 45,000 RMB/ton, indicating strong market performance [4][9] - EVA prices have stabilized, with a slight rebound observed, maintaining a market average of 11,443 RMB/ton [4][42] 2. Key Industry Trends - The fluorochemical sector is experiencing a demand surge, particularly in refrigerants, with major price increases noted [5][11] - The low-altitude economy and robotics industry are expected to drive demand for new materials, such as carbon fiber and ultra-high molecular weight polyethylene [5][25] - The semiconductor materials market is growing, with China's market size increasing from 52.5 billion RMB to 95.1 billion RMB from 2017 to 2023, reflecting a CAGR of 10% [16][19] 3. Company Announcements and Industry News - Key companies in the bromine market include those involved in the production of flame retardants and pharmaceutical intermediates [3][4] - Companies like Juhua Co. and Sanmei Co. are recommended for investment due to their strong performance in the fluorochemical sector [5][11] - The report highlights the importance of domestic semiconductor material manufacturers as the industry moves towards greater localization [18][19]
兴发集团(600141):2024年报点评:计提影响全年业绩略低预期,加大分红努力回报投资者
ZHESHANG SECURITIES· 2025-04-03 13:18
Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Views - The company's net profit increased year-on-year due to the recovery in the agricultural chemical market, with enhanced profitability in phosphate rock, phosphate fertilizer, and glyphosate products. However, Q4 performance was slightly below expectations due to a provision of approximately 355 million yuan [2] - The company has seen an increase in production and sales across its main products, with significant growth in special chemicals, glyphosate series, fertilizers, and organic silicon series. The company has also increased its cash dividend to 10 yuan per 10 shares (including tax), up from 6 yuan last year, resulting in a dividend yield of approximately 4.6% [3] - The company is investing 1.495 billion yuan to build a new 100,000 tons/year industrial silicon project, which will enhance its raw material supply for the organic silicon industry and improve operational efficiency [4] Summary by Sections Financial Performance - In 2024, the company achieved revenue of 28.396 billion yuan, a year-on-year increase of 0.41%, and a net profit attributable to shareholders of 1.601 billion yuan, up 14.33% year-on-year. The net profit after deducting non-recurring items was 1.600 billion yuan, an increase of 21.79% year-on-year [1][10] - For Q4 2024, the company reported revenue of 6.346 billion yuan, a year-on-year increase of 1.70%, but a quarter-on-quarter decline of 26.60%. The net profit attributable to shareholders was 287 million yuan, down 35.82% year-on-year and 43.63% quarter-on-quarter [1] Product Performance - The production volumes for special chemicals, glyphosate series, fertilizers, and organic silicon series were 530,400 tons, 266,000 tons, 1,353,000 tons, and 270,700 tons respectively, with year-on-year increases of 6.85%, 65.84%, 11.29%, and 38.32%. Sales volumes were 514,100 tons, 244,800 tons, 1,281,300 tons, and 250,100 tons, with year-on-year increases of 14.40%, 42.82%, 3.36%, and 33.53% [3] Market Outlook - The phosphate fertilizer market remains strong, and the demand for new energy battery materials is increasing, which supports the demand for phosphate resources. The company is focusing on increasing its phosphate mining capacity significantly over the next five years [5][9]
兴发集团(600141):公司信息更新报告:全年业绩稳步增长,高额分红回报股东
KAIYUAN SECURITIES· 2025-04-03 08:28
Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company achieved steady growth in annual performance, with a significant cash dividend proposed for shareholders. The 2024 annual report showed revenue of 28.396 billion yuan, a year-on-year increase of 0.41%, and a net profit attributable to shareholders of 1.601 billion yuan, up 14.33% year-on-year. However, Q4 performance was impacted by asset impairment losses of 355 million yuan, leading to a net profit of 287 million yuan, down 35.82% year-on-year and 43.63% quarter-on-quarter. The company plans to distribute a cash dividend of 10 yuan per 10 shares (tax included) and has announced an employee stock ownership plan for 2025 with a fundraising cap of 296.88 million yuan [4][5][6]. Financial Performance Summary - The company reported a revenue of 28.396 billion yuan in 2024, with a year-on-year growth of 0.4%. The net profit attributable to shareholders was 1.601 billion yuan, reflecting a year-on-year increase of 14.3%. The gross margin and net margin for 2024 were 19.5% and 5.6%, respectively, both showing improvements compared to the previous year [7][8]. - The company’s revenue projections for 2025-2027 are 31.161 billion yuan, 32.220 billion yuan, and 33.443 billion yuan, respectively, with net profits expected to be 2.062 billion yuan, 2.327 billion yuan, and 2.682 billion yuan [7][8]. Business Segmentation - In 2024, the company’s revenue from various segments included special chemicals (5.277 billion yuan), fertilizers (4.049 billion yuan), pesticides (5.204 billion yuan), organic silicon (2.647 billion yuan), mining (3.557 billion yuan), and trading logistics (4.226 billion yuan). The year-on-year growth rates for these segments were +4.97%, +12.26%, +21.5%, +23.48%, +100%, and -49.55%, respectively [5][6]. - The profitability of the special chemicals and phosphate mining segments remained strong, while organic silicon and pesticide segments faced profitability challenges [5][6]. Future Outlook - The company is focused on enhancing its industrial chain and accelerating the transition to a world-class fine chemical enterprise. The earnings forecasts for 2025-2027 have been adjusted downward due to ongoing pressures in cyclical businesses like glyphosate and organic silicon [4][5][6].
钾肥、磷化工行业:2025年3月月度观察:春耕需求旺季来临,钾肥磷肥价格上涨
Guoxin Securities· 2025-04-03 01:25
Investment Rating - The report maintains an "Outperform" rating for the potassium and phosphorus chemical industries [5]. Core Views - The potassium fertilizer supply and demand remain tight, with international prices rising due to increased demand during the spring farming season. Domestic potassium chloride prices have increased by 9.8% to 2800 CNY/ton in March 2025 [1][47]. - The phosphorus chemical industry is expected to maintain a high price level for phosphate rock due to declining grades and increasing extraction costs, with the market price for 30% grade phosphate rock remaining around 900 CNY/ton for over two years [2][52]. Summary by Sections Potassium Fertilizer - Potassium is essential for crop growth, with potassium chloride being the dominant form used in agriculture, accounting for over 95% of potassium fertilizer usage [14]. - China is the largest consumer of potassium fertilizer, with an import dependency exceeding 60%. In 2024, China's potassium chloride production is projected to be 5.5 million tons, a decrease of 2.7% year-on-year, while imports are expected to reach a record high of 12.63 million tons, up 9.1% [1][28]. - The report highlights the resource scarcity of potassium, with major production concentrated in a few countries, leading to a tight global supply situation [15][22]. Phosphorus Chemical Industry - The phosphorus chemical industry's performance is closely tied to phosphate rock prices, which are expected to remain high due to supply constraints and increasing demand from new applications like lithium iron phosphate [2][52]. - As of March 31, 2025, the market price for 30% grade phosphate rock in Hubei is 1040 CNY/ton, while in Yunnan it is 950 CNY/ton, both stable compared to the previous month [2][52]. - The report notes that the domestic phosphorus fertilizer prices have increased due to rising production costs, with diammonium phosphate prices at 3519 CNY/ton, reflecting a 6.44% increase month-on-month [3][51]. Investment Recommendations - The report recommends focusing on companies with rich phosphate reserves and strong market positions, such as Yuntianhua and Xingfa Group, while also suggesting attention to companies like Hubei Yihua and Yuntu Holdings that are improving their phosphate self-sufficiency [4][50]. - For potassium fertilizer, Ayat International is highlighted as a key investment opportunity, with projected production of 2.8 million tons in 2025 and 4 million tons in 2026 [4][50].