沧州大化股份有限公司 2024 年年度股东大会会议资料 二〇二五年五月 2024 年年度股东大会会议资料 目 录 | 一、沧州大化股份有限公司 2024 年年度股东大会会议须知 3 | | --- | | 二、沧州大化股份有限公司 2024 年年度股东大会会议议程 4 | | 三、沧州大化股份有限公司 2024 年年度股东大会会议议案 6 | | 议案一：关于《沧州大化股份有限公司 2024 年度财务决算及 2025 年度预算报告》 | | 的议案 7 | | 议案二：关于《沧州大化股份有限公司 2024 年度利润分配预案》的议案 | | 9 | | 议案三：关于《沧州大化股份有限公司 2024 年度董事会工作报告》的议案 | | 10 | | 议案四：关于《沧州大化股份有限公司续聘 2025 年度审计机构及支付 2024 年度 | | 报酬》的议案 16 | | 议案五：关于《沧州大化股份有限公司日常关联交易》的议案 19 | | 议案六：关于《沧州大化股份有限公司独立董事 2024 年度述职报告》的议案 | | 30 | | 议案七：关于《支付公司董事、监事和高级管理人员 2024 年度报酬》的议案 | ...

Group 1 - The company will hold a performance briefing for the fiscal year 2024 and the first quarter of 2025 on May 23, 2025, from 09:30 to 11:30 [1][2] - The meeting will be conducted via video and online interaction at the Shanghai Stock Exchange Roadshow Center [2][3] - Key personnel attending the meeting include the Chairman, General Manager, Secretary of the Board, Financial Director, and an Independent Director [2] Group 2 - Investors can submit questions from May 16, 2025, to May 22, 2025, before 16:00 through the Roadshow Center website or via the company's email [3] - After the briefing, investors can view the meeting's details and main content on the Shanghai Stock Exchange Roadshow Center [3]

证券代码：600230 证券简称：沧州大化 公告编号：2025-014 沧州大化股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会 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法律责任。 重要内容提示： https://roadshow.sseinfo.com/） 沧州大化股份有限公司（以下简称"公司"）已于 2025 年 4 月 19 日、4 月 30 日分别发布公司 2024 年度报告、2025 年第一季度报告，为便于广大投资者更 全面深入地了解公司 2024 年度、2025 年第一季度经营成果、财务状况，公司计 划于 2025 年 05 月 23 日（星期五）09:30-11:30 举行 2024 年度暨 2025 年第一 季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以视频结合网络互动召开，公司将针对 2024 年度、2025 年第一季度的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在 信息披露允许的范围内就投资者普遍关注的问题进行回答。 会议召开时间： ...

Core Viewpoint - The company, Cangzhou Dahua Co., Ltd., has released its first-quarter report for 2025, highlighting significant changes in product prices and market conditions, which may impact future financial performance [13][17]. Financial Data Summary - The first-quarter financial statements are unaudited, and the company has confirmed the accuracy and completeness of the financial information provided [3][5]. - The company has not identified any non-recurring gains or losses that would significantly impact the financial results [3][4]. Shareholder Information - The total number of shareholders and the status of major shareholders have been reported, but no significant changes have been noted in the shareholding structure [4][5]. Product and Price Changes - TDI prices experienced a brief increase in January due to pre-holiday stockpiling, followed by a decline, reaching a low of 12,000 RMB/ton in March, the lowest in four years [13][14]. - The price of ion-exchange membrane caustic soda rose in January and February due to increased demand from the aluminum industry but fell significantly in March due to reduced production loads [13][14]. - Polycarbonate (PC) prices showed a downward trend after the Spring Festival, with a notable decline of 500-700 RMB/ton [13][14]. - Bisphenol A prices fluctuated due to supply and demand dynamics, with an overall decrease compared to the same period last year [13][14]. Raw Material Price Changes - Toluene prices showed a downward trend in the first quarter, influenced by fluctuations in crude oil prices and supply-demand changes [15][16]. - Phenol prices experienced a mixed trend, with average prices fluctuating due to the widening price gap with pure benzene [15][16]. - Acetone prices initially rose but later fell due to insufficient demand despite tight supply conditions [15][16].

证券代码：600230 股票简称：沧州大化 编号：2025-012 沧州大化股份有限公司 2025 年第一季度主要经营数据公告 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法律责任。 根据《上市公司行业信息披露指引第十三号——化工》的相关规定，现将沧州大化 股份有限公司（以下简称"公司"）2025 年第一季度主要经营数据披露如下： 一、报告期内公司主营产品的产量、销量及收入实现情况 | 主要产品 | 生产量（万吨） | 销售量（万吨） | 营业收入（万元） | | --- | --- | --- | --- | | 甲苯二异氰酸酯（TDI） | 3.94 | 3.94 | 47,691.77 | | 离子膜烧碱 | 12.91 | 8.33 | 7,231.81 | | 聚碳酸酯(PC) | 2.58 | 1.97 | 23,825.90 | | 双酚 A | 5.58 | 2.90 | 23,621.41 | 二、主要产品及原材料价格变动情况 1、主要产品价格变动情况（不含税） | 主要产品 | 2025 年第一季度 | 2024 ...

证券代码：600230 股票简称：沧州大化 编号：2025-013 本次会议已于 2025 年 4 月 18 日以书面或邮件的形式通知全体董事、监事。 二、董事会会议审议情况 （一）会议以 7 票赞成，0 票反对，0 票弃权审议通过了《沧州大化股份有限公司 2025 年第一季度报告》。 内容详见披露于上海证券交易所网站（www.sse.com.cn）的《沧州大化股份有限公 司 2025 年第一季度报告》。 本议案已经审计委员会审议通过。 沧州大化股份有限公司 第九届董事会第六次会议决议公告 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法律责任。 一、董事会会议召开情况 沧州大化股份有限公司第九届董事会第六次会议于 2025 年 4 月 28 日上午 10：30 在 公司办公楼第一会议室召开。会议应到董事 7 人，实到董事 7 人，董事车成刚、高健， 独立董事霍巧红、李长青、张文虎以通讯方式参加表决；监事郭新超、韩欣、赵爱兵列 席了会议；会议人数符合公司章程规定要求。会议由董事长刘增主持。 沧州大化股份有限公司 董事会 2025 年 4 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,052,588,374.37, a decrease of 15.43% compared to ¥1,244,627,495.24 in the same period last year[5] - Net profit attributable to shareholders was ¥8,118,255.68, down 59.98% from ¥20,285,500.86 year-on-year[5] - Basic and diluted earnings per share were both ¥0.0196, representing a decrease of 59.75% from ¥0.0487 in the same period last year[5] - Operating profit for Q1 2025 was approximately $9.47 million, a decline of 56.9% from $21.99 million in Q1 2024[18] - Net profit for Q1 2025 was approximately $9.32 million, down 60.2% from $23.37 million in Q1 2024[18] - The net profit attributable to the parent company for Q1 2025 was CNY 8,118,255.68, a decrease from CNY 20,285,500.86 in Q1 2024, representing a decline of approximately 60%[19] - The total comprehensive income attributable to the parent company for Q1 2025 was CNY 9,315,247.18, down from CNY 23,369,106.09 in Q1 2024, indicating a decrease of about 60%[19] - The basic and diluted earnings per share for Q1 2025 were CNY 0.0196, compared to CNY 0.0487 in Q1 2024, reflecting a decline of approximately 60%[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥81,398,143.75, a decline of 179.99% compared to ¥101,763,847.79 in the previous year[5][8] - Cash outflows from operating activities totaled CNY 1,115,437,553.13 in Q1 2025, compared to CNY 1,050,293,759.96 in Q1 2024, marking an increase of about 6.2%[21] - The net cash flow from financing activities for Q1 2025 was CNY -3,694,808.69, compared to CNY -22,347,356.08 in Q1 2024, indicating an improvement in cash flow[22] - The cash and cash equivalents at the end of Q1 2025 were CNY 315,564,760.05, compared to CNY 240,609,118.43 at the end of Q1 2024, showing an increase of about 31%[22] - The company reported a decrease in cash inflows from sales of goods and services, totaling CNY 1,032,544,491.36 in Q1 2025, down from CNY 1,151,074,676.48 in Q1 2024, a decline of approximately 10.3%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,956,548,237.07, a slight decrease of 0.23% from ¥5,970,323,594.51 at the end of the previous year[6] - Total current assets rose to approximately $1.13 billion as of March 31, 2025, compared to $1.05 billion as of December 31, 2024, an increase of 7.4%[13] - Total non-current assets decreased to approximately $4.83 billion as of March 31, 2025, from $4.92 billion as of December 31, 2024, a decline of 1.8%[14] - Total liabilities as of March 31, 2025, were approximately $1.64 billion, a slight decrease from $1.66 billion as of December 31, 2024[15] - Total equity increased to approximately $4.32 billion as of March 31, 2025, compared to $4.31 billion as of December 31, 2024[15] Shareholder Information - The company had a total of 34,848 common shareholders at the end of the reporting period[9] Non-Recurring Items - Non-recurring gains and losses amounted to -¥1,563,958.19, primarily due to losses from financial assets and liabilities[7] - The decline in net profit was attributed to a decrease in product prices, impacting overall profitability[8] Accounting Standards - The company did not apply new accounting standards or interpretations for the first time in 2025[23]

沧州大化（600230）公告，2025年第一季度营收为10.53亿元，同比下降15.43%；净利润为811.83万 元，同比下降59.98%。 ...

Investment Rating - The report does not explicitly state the investment rating for Cangzhou Dahua [1]. Core Views - The TDI business has negatively impacted the company's performance in 2024, leading to a decline in net profit despite a slight increase in revenue [4][5]. - The company is focusing on strengthening the development of new products, particularly in specialty PC, to enhance its core competitiveness and risk resistance [6]. Company Overview - Cangzhou Dahua has a TDI production capacity of 160,000 tons, accounting for approximately 10% of the domestic capacity. The caustic soda production capacity is also 160,000 tons, primarily serving customers in Hebei and Shandong provinces. The PC production capacity is 100,000 tons, representing 2.6% of the total domestic capacity, with a supporting capacity of 200,000 tons/year of bisphenol A [2][3]. Financial Performance - In 2024, the company achieved a revenue of 5.07 billion yuan, a year-on-year increase of 4.19%. However, the net profit attributable to the parent company was 27.7385 million yuan, a significant decrease of 85.43% year-on-year. The net profit after deducting non-recurring gains and losses was 25.8 million yuan, down 86.31% year-on-year [4][5]. - By product, TDI generated a main business revenue of 2.16 billion yuan with a gross profit margin of 2.64%, a decrease of 10.3 percentage points year-on-year. The ionic membrane caustic soda had a revenue of 250 million yuan and a gross profit margin of 41.37%, remaining stable year-on-year. The PC segment achieved a revenue of 1.39 billion yuan with a gross profit margin of 11.52%, an increase of 1.4 percentage points year-on-year. Bisphenol A generated a revenue of 1.15 billion yuan, with a gross profit margin of -4.27%, down 5.27 percentage points year-on-year [5][6]. Product Development - The company is enhancing its R&D efforts in specialty PC. In 2024, it successfully synthesized copolymer silicon PC with a silicon content of around 20% and achieved mass production of high silicon content copolymer silicon PC, which can replace imported products. Additionally, the company has developed specialized materials for automotive lights and other modified PC products through experimental research [6].

Core Viewpoint - Cangzhou Dahua (600230.SH) has recently held board and supervisory meetings to approve several important proposals, including the company's 2024 performance, profit distribution plan, and 2025 private placement plan [1][10]. Financial Performance - In 2024, Cangzhou Dahua achieved operating revenue of 5.071 billion yuan, a year-on-year increase of 4.19%, while net profit attributable to shareholders was 27.7385 million yuan, a decrease of 85.43% year-on-year [1][2]. - The company's non-recurring net profit was 25.7993 million yuan, down 86.31% year-on-year [1]. Main Products and Revenue - The main products of Cangzhou Dahua are TDI (Toluene Diisocyanate) and PC (Polycarbonate). In 2024, TDI revenue was 2.156 billion yuan, down 12.96% year-on-year, while PC revenue was 1.395 billion yuan, up 7.94% year-on-year [2][4]. - The average selling price of TDI in 2024 was 12,703.52 yuan/ton, a decrease of 17.41% from 15,381.68 yuan/ton in 2023. The average selling price of PC was 12,486.79 yuan/ton, down 1.64% from 12,695.60 yuan/ton in 2023 [5][6]. Cost and Margin Analysis - The cost of TDI in 2024 was 2.099 billion yuan, down 2.66% year-on-year, resulting in a gross margin of 2.64%, a decrease of 10.30% year-on-year. For PC, the cost was 1.234 billion yuan, up 6.27% year-on-year, with a gross margin of 11.52%, an increase of 1.39% year-on-year [2][4]. - The average procurement price of key raw materials in 2024 showed mixed results: Toluene at 6,131.80 yuan/ton (down 6.81%), Phenol at 7,164.12 yuan/ton (up 0.96%), and Acetone at 6,297.35 yuan/ton (up 10.26%) [6]. Profit Distribution and Dividend - Cangzhou Dahua plans to distribute a cash dividend of 0.21 yuan per share (including tax), totaling 8.6932 million yuan, which represents 31.34% of the net profit attributable to shareholders [8][9]. - The company has seen a decreasing trend in cash dividends over the past three years, with total dividends of 126 million yuan, 57.428 million yuan, and 8.6932 million yuan for 2022 to 2024, respectively [9]. Future Financing Plans - Cangzhou Dahua is planning a private placement to raise up to 300 million yuan, not exceeding 20% of the net assets as of the end of the previous year. The funds will be used for main business projects and to supplement working capital [10].