沧州大化股份有限公司 关于召开 2025 年半年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。 沧州大化股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日发布公 司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度 经营成果、财务状况，公司计划于 2025 年 09 月 26 日(星期五)14:00-15:00 举 行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 证券代码：600230 证券简称：沧州大化 公告编号：2025-032 重要内容提示： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 09 月 19 日(星期五)至 09 月 25 日(星期四)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 caiwu@czdh.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 一、 说明会类型 本次投资者说明会以网络 ...

北京市嘉源律师事务所 关于沧州大化股份有限公司 2025 年第二次临时股东大会的法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 0000 浪律师事务所 A YUAN LAW OFFICES 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONGKONG·广州 GUANGZHOU·西安 XI AN 致:沧州大化股份有限公司 北京市县源律师 关于沧州大化股份有限 2025年第二次临时股东大会的法律危见书 嘉源(2025)-04-690 北京市嘉源律师事务所(以下简称"本所")受沧州大化股份有限公司(以 下简称"公司")委托,依据《中华人民共和国公司法》(以下简称"《公司法》") 《上市公司股东会规则》（以下简称"《股东会规则》"）等现行有效的法律、 行政法规、部门规章、规范性文件(以下简称"法律法规")以及《沧州大化股 份有限公司章程》(以下简称"《公司章程》")的有关规定,指派本所律师出 席公司 2025年第二次临时股东大会(以下简称"本次股东大会")进行见证, 并依法出具本法律意见书。 本所及经办律师依据《中华人民共和国证券法》《律师事务所从事证券法律 ...

证券代码：600230 证券简称：沧州大化 公告编号：2025-031 沧州大化股份有限公司 2025年第二次临时股东大会决议公告 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。 重要内容提示： 二、 议案审议情况 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 9 月 18 日 (二)股东大会召开的地点：河北省沧州市渤海新区沧州临港化工园区东区军盐路 北侧公司四楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 232 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 196,799,110 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 47.5404 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长刘增先生因工作原因未出席，经过 半数董事推举，董事李永阔先生主 ...

Group 1 - The company, Cangzhou Dahua Co., Ltd., will participate in the 2025 online collective reception day for investors and the 2025 semi-annual performance briefing [1] - The event is organized by Hebei Securities Regulatory Bureau, Hebei Listed Companies Association, and Shenzhen Panorama Network Co., Ltd. [1] - The online event will take place on September 15, 2025, from 14:00 to 17:00 [1] Group 2 - Investors can participate through the "Panorama Roadshow" website, WeChat public account, or by downloading the Panorama Roadshow APP [1] - Key company executives, including the Chairman, General Manager, and CFO, will be available to discuss company performance, governance, development strategy, operational status, and sustainability [1] - The company encourages active participation from investors during the event [1]

Group 1 - The company, Cangzhou Dahua, announced its participation in the "2025 Hebei Listed Companies Investor Online Reception Day and 2025 Semi-Annual Performance Briefing" [2] - The event is scheduled to take place on September 15, 2025 [2]

证券代码：600230 证券简称：沧州大化 编号：2025-030 沧州大化股份有限公司 关于参加2025年河北辖区上市公司投资者网上 集体接待日暨2025年半年报业绩说明会的公告 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。 为进一步加强与投资者的互动交流，沧州大化股份有限公司（以下简称"公 司"）将参加由河北证监局、河北省上市公司协会与深圳市全景网络有限公司联 合举办的"2025 年度河北辖区上市公司投资者网上集体接待日暨 2025 年半年报 业绩说明会活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 9 月 15 日（周一） 14:00-17:00。 届时公司董事长、总经理刘增先生，财务总监张志先生、董事会秘书刘晓婧 女士将在线就公司业绩、公司治理、发展战略、经营状况和可持续发展等投资者 关心的问题，与投资者进行沟通与交流，欢迎广大投资者 ...

Core Points - The company is holding its second extraordinary general meeting of shareholders on September 18, 2025, to discuss important governance changes and proposals [2][4][8] - Key proposals include the cancellation of the supervisory board and amendments to the company's articles of association to enhance governance [5][6][7] Group 1: Meeting Details - The meeting will take place at 10:30 AM on September 18, 2025, at the company's office in Cangzhou, Hebei Province [2][4] - Voting will be conducted through a combination of on-site and online methods, with specific time slots for each [2][4] Group 2: Agenda Items - Proposal 1: Cancellation of the supervisory board and revision of the articles of association to allow the audit committee of the board to assume supervisory responsibilities [5][6] - Proposal 2: Amendments to various governance systems to align with the revised articles of association [7] - Proposal 3: Adjustment of independent director compensation from RMB 24,000 to RMB 50,000 per year, effective upon approval at the meeting [8]

沧州大化股份有限公司 2025 年第二次临时股东大会会议资料 尊敬的各位股东及股东代表： 2025 年第二次临时股东大会会议资料 目 录 | 一、沧州大化股份有限公司 2025 年第二次临时股东大会会议须知 | 3 | | --- | --- | | 二、沧州大化股份有限公司 2025 年第二次临时股东大会会议议程 | 4 | | 三、沧州大化股份有限公司 2025 年第二次临时股东大会会议议案 | 6 | | 议案 1：关于《取消监事会、修订<公司章程>》的议案 7 | | | 议案 2：关于修订公司部分治理制度的议案 9 | | | 2.01：关于修订《公司董事会议事规则》的议案 | 9 | | 2.02：关于修订《公司独立董事制度》的议案 | 9 | | 2.03：关于修订《公司对外担保管理制度》的议案 | 9 | | 2.04：关于修订《公司股东会议事规则》的议案 | 9 | | 2.05：关于修订《公司关联交易管理制度》的议案 | 9 | | 议案 3：关于调整独立董事薪酬的议案 10 | | | 四、沧州大化股份有限公司 2025 年第二次临时股东大会其他材料 | 11 | | 股东登记表 | 1 ...

Core Viewpoint - The financial performance of Cangzhou Dahua (600230) for the first half of 2025 shows a decline in revenue and net profit compared to the previous year, indicating potential challenges in the company's business model and operational efficiency [1][2]. Financial Performance Summary - Total revenue for the first half of 2025 was 2.245 billion yuan, a decrease of 12.08% year-on-year [1]. - Net profit attributable to shareholders was 23.3864 million yuan, down 19.75% year-on-year [1]. - In Q2 2025, total revenue was 1.192 billion yuan, a decline of 8.9% year-on-year, while net profit increased by 72.39% to 15.2681 million yuan [1]. - Gross margin was 6.55%, a decrease of 20.9% year-on-year, and net margin was 1.17%, down 17.48% year-on-year [1]. - Total expenses (selling, administrative, and financial) amounted to 61.0203 million yuan, accounting for 2.72% of revenue, a decrease of 26.86% year-on-year [1]. - Earnings per share were 0.06 yuan, down 19.29% year-on-year, while operating cash flow per share was 0.26 yuan, a decrease of 45.02% year-on-year [1]. Asset and Liability Overview - Accounts receivable stood at 630.789 million yuan, a decrease of 9.94% year-on-year, but accounted for 227.41% of net profit, indicating a significant collection risk [1][2]. - Interest-bearing liabilities decreased by 25.50% to 384 million yuan [1]. - Cash and cash equivalents were 405 million yuan, a slight increase of 0.66% year-on-year [1]. Business Model Insights - The company's performance is primarily driven by research and development, necessitating a thorough examination of the underlying factors supporting this drive [2]. - The historical return on invested capital (ROIC) was 0.89%, indicating weak capital returns, with a median ROIC of 2.6% over the past decade [1]. - The company has experienced three years of losses since its listing, suggesting a fragile business model [1].

Group 1 - The company held its ninth supervisory board meeting on August 28, 2025, where all three supervisors were present, ensuring the meeting's legality [4] - The supervisory board unanimously approved the company's 2025 semi-annual report, affirming that the report's preparation and review complied with legal and regulatory requirements [5][22] - The board also approved a risk assessment report regarding Sinochem Group Financial Co., Ltd., indicating an objective evaluation of the company's financial situation and risk management [6][23] Group 2 - The company decided to abolish the supervisory board and transfer its responsibilities to the audit committee of the board of directors, which will also involve amending the company's articles of association [7][25][56] - The board approved adjustments to the remuneration of independent directors, increasing their annual salary from RMB 24,000 to RMB 50,000 before tax, which will be subject to withholding by the company [16][49] - A second extraordinary general meeting for 2025 is scheduled for September 18, 2025, to discuss the aforementioned changes [53] Group 3 - The company reported significant fluctuations in the prices of its main products during the first half of 2025, with TDI prices dropping from RMB 15,000 per ton at the beginning of the year to RMB 10,400 per ton by mid-April, a decrease of 30% [10] - The average price of polycarbonate (PC) reached a historical low, with prices falling from RMB 13,000 per ton in January to RMB 11,400 per ton by June [11] - The company noted that the prices of key raw materials like toluene and acetone experienced significant volatility during the reporting period, impacting overall production costs [12]