Core Viewpoint - The company, Cangzhou Dahua Co., Ltd., has released its third-quarter report for 2025, ensuring the accuracy and completeness of the information provided, and has not identified any significant omissions or misleading statements [1][2][13]. Financial Data Summary - The third-quarter financial statements have not been audited [3]. - The report includes key financial data and indicators, but specific figures are not detailed in the provided text [3]. Main Operating Data - The report outlines the production, sales, and revenue performance of the company's main products during the reporting period [7]. - The prices of major products have experienced significant fluctuations: - TDI prices ranged between 13,000-13,500 RMB/ton (including tax) at the end of the quarter, influenced by market conditions [7]. - Liquid caustic soda prices fluctuated between 850-920 RMB/ton (including tax) [8]. - PC prices saw a rebound to 11,400-11,600 RMB/ton (including tax) by the end of September after a decline [8]. - Bisphenol A prices ranged from 7,500-8,200 RMB/ton (including tax) [9]. Raw Material Price Changes - The prices of key raw materials have also shown downward trends: - Toluene prices have reached near three-year lows due to falling crude oil prices and weak downstream demand [10]. - Phenol prices have been declining, influenced by lower crude oil prices and increased domestic production capacity [10]. - Acetone prices have also decreased to near three-year lows due to ample supply and weak demand [10]. Board Meeting Summary - The ninth board meeting of Cangzhou Dahua was held on October 29, 2025, with all directors present, and the third-quarter report was approved unanimously [14][16]. - The meeting also approved the evaluation results for the management's term and performance for 2024 [17].

Core Viewpoint - Cangzhou Dahua announced the results of its board meeting held on October 29, 2025, discussing the management term and performance evaluation for 2024 [1] Company Summary - Cangzhou Dahua's revenue composition for the year 2024 is projected to be 99.29% from the chemical industry and 0.71% from other businesses [1]

Core Viewpoint - Cangzhou Dahua (600230.SH) reported a decline in total operating revenue for the first three quarters of 2025, while net profit attributable to shareholders saw significant growth [1] Financial Performance - Total operating revenue for the first three quarters reached 3.361 billion yuan, a year-on-year decrease of 10.58% [1] - Net profit attributable to shareholders was 47.6231 million yuan, reflecting a year-on-year increase of 124.26% [1] - Basic earnings per share stood at 0.115 yuan [1]

证券代码：600230 股票简称：沧州大化 编号：2025-033 沧州大化股份有限公司 2025 年第三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。 二、主要产品及原材料价格变动情况 变动说明： （1）甲苯二异氰酸酯(TDI):三季度市场价格波动较大，七月份市场因国外装置突 发火灾事故及国内部分装置检修等消息推动价格上涨，但八月份随着国内各装置检修及 新建装置正常复产投产，受产能供应增加预期以及下游需求低迷等因素影响，市场价格 在八月中旬后快速回落，季度末市场价格在 13,000-13,500 元/吨（含税）区间整理波 动。 (2)离子膜烧碱：报告期内液碱产品供需相对平稳，三季度市场价格在 850-920 元/ 吨（含税）区间波动调整。 (3）聚碳酸酯(PC)：2025 年三季度，国内 PC 市场在一路下行后，九月底迎来小幅 反弹。7 月上旬，国内 PC 工厂主流价格在 11,700 元/吨（含税）左右，尽管经历上半年 根据《上市公司行业信息披露指引第十三号——化工》、《关于做好上市公司 2025 年 ...

沧州大化股份有限公司第九届董事会第十次会议于 2025 年 10 月 29 日上午 10：30 在公司第四会议室以现场结合通讯方式召开。会议应到董事 7 人，实到董事 7 人，董事 高健先生、张光艳女士、独立董事霍巧红女士、李长青先生、张文虎先生以通讯方式参 加表决；本次会议人数符合《公司章程》的规定要求。会议的召集和召开程序符合相关 法律、法规、规范性文件和《公司章程》规定。会议由董事长刘增先生主持。 沧州大化股份有限公司 第九届董事会第十次会议决议公告 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 证券代码：600230 股票简称：沧州大化 编号：2025-034 本次会议已于 2025 年 10 月 17 日以书面或邮件的形式通知全体董事。 二、董事会会议审议情况 2、会议以 7 票赞成，0 票反对，0 票弃权审议通过了《关于经理层任期及 2024 年度 考核结果议案》。 该议案已经薪酬与考核委员会审议通过。 特此公告。 沧州大化股份有限公司 董事会 2025 年 10 月 31 日 1 1、会 ...

沧州大化股份有限公司 第九届董事会第一次会议决议 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十次会议于 2025年 10月29日上午 10:30 在公司办公楼第四会议室以现场结合通讯方式召开。会议应到董事 7 人,实际出席董 事 7 人,其中董事高健、张光艳、独立董事霍巧红、李长青、张文虎以通讯方式参加 表决;会议人数符合《公司章程》规定要求。本次会议的召集、召开和表决符合《公 司法》及《公司章程》的有关规定。会议由董事长刘增主持。 本次会议已于 2025年 10 月 17 日以邮件、书面等形式通知全体董事。 增 董事会认为:公司 2025年第三季度报告编制和审议程序符合法律、法规、公司章 程和公司内部管理制度的各项规定;公司 2025年第三季度报告的内容和格式符合中国 证监会和上海证券交易所的各项规定,所包含的信息能从各个方面真实地反映出公司 本报告期的经营管理和财务状况等事项。 该议案已经审计委员会审议通过。 2、会议以7 票赞成,0 票反对,0 票弃权审议通过了《关于经理层任期及 2024年 度考核结果议案》; 该议案已经薪酬与考核委员会审议通过。 (此页无正文，为沧州大化股份有限公司第 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 1,116,114,111.08, a decrease of 7.41% compared to the same period last year[5]. - The total profit for the year-to-date period reached CNY 51,027,292.85, reflecting an increase of 84.12% year-on-year[5]. - The net profit attributable to shareholders for the year-to-date period was CNY 47,623,115.66, which is a significant increase of 124.26% compared to the previous year[5]. - The basic earnings per share for the year-to-date period was CNY 0.1150, representing a 124.26% increase year-on-year[6]. - The diluted earnings per share for the year-to-date period also increased by 124.26% due to improved product gross margins[11]. - The net profit for the first three quarters of 2025 reached CNY 50,969,690.84, a significant increase from CNY 27,713,492.55 in the same period of 2024, representing an 83.6% growth[22]. - The operating profit for the first three quarters of 2025 was CNY 51,208,064.63, compared to CNY 21,661,762.56 in 2024, indicating a 136.3% increase[22]. - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY 0.115, up from CNY 0.05 in 2024, representing a 130% increase[23]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 6,035,136,855.98, showing a slight increase of 1.09% from the end of the previous year[6]. - As of September 30, 2025, total assets amounted to RMB 6,035,136,855.98, compared to RMB 5,970,323,594.51 at the end of 2024, indicating a slight increase of 1.09%[17]. - Total liabilities as of September 30, 2025, were RMB 1,684,514,266.64, a marginal increase from RMB 1,662,925,711.17 in the previous year[18]. - The company's cash and cash equivalents stood at RMB 440,202,780.05 as of September 30, 2025, compared to RMB 427,833,433.36 at the end of 2024, showing an increase of 2.86%[15]. - The cash and cash equivalents at the end of the period increased to CNY 440,176,414.68 from CNY 283,715,125.98 in the previous year, marking a growth of 55.1%[27]. Operating Costs and Expenses - Total operating costs for the first three quarters of 2025 were RMB 3,323,668,484.31, down 11.48% from RMB 3,754,825,594.67 in the previous year[21]. - Operating costs included RMB 3,101,208,226.19 in operating expenses, which decreased from RMB 3,489,178,290.97 in 2024, reflecting a reduction of 11.11%[21]. - The company reported a net profit margin decline due to increased operational costs, impacting overall profitability[21]. - The company experienced a decrease in sales expenses from CNY 4,418,069.69 in 2024 to CNY 4,271,064.37 in 2025, a reduction of 3.3%[22]. - Research and development expenses decreased from CNY 125,387,879.59 in 2024 to CNY 112,685,461.15 in 2025, a decline of 10.1%[22]. - The company’s financial expenses significantly decreased from CNY 5,757,570.22 in 2024 to CNY 621,330.74 in 2025, a reduction of 89.2%[22]. Shareholder Information - The company has a total of 36,113 ordinary shareholders as of the end of the reporting period[13]. - There were no significant changes in the shareholding structure or major shareholder activities reported[14]. Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 187,466,807.77, a decrease of 13.59% year-on-year[6]. - The net cash flow from operating activities for the first three quarters of 2025 was CNY 187,466,807.77, compared to CNY 216,953,679.05 in 2024, showing a decline of 13.6%[26]. - The company reported a net cash outflow from investing activities of CNY 187,986,547.00 in 2025, contrasting with a net inflow of CNY 131,355,998.07 in 2024[27]. Inventory and Product Development - Inventory levels increased to RMB 369,386,606.83 from RMB 285,424,985.38, representing a significant rise of 29.39%[16]. - The company has not disclosed any new product developments or market expansion strategies during this reporting period[15].

Group 1: Report Overview - The report is about a research on Cangzhou Dahua in the chemical products industry on September 26, 2025 [1][2][17] Group 2: Key Information from Different Sections 1. Research Basic Situation - The research object is Cangzhou Dahua, belonging to the chemical products industry. The reception time was on 2025 - 09 - 26, and the company's reception staff included the chairman and general manager Liu Zeng, financial director Zhang Zhi, board secretary Liu Xiaojing, and independent director Huo Qiaohong [17] 2. Detailed Research Institutions - The reception objects included investors and others [20] 3. Main Content Data - To shorten the gap with leading companies, the company aims to "improve production efficiency, reduce production costs, and stabilize product quality", strengthens technological innovation, and plans to build new production capacities [24] - To protect the interests of small and medium - sized investors, the company has formulated a market value management system, and distributes over 30% of the annual net profit attributable to shareholders of the listed company as dividends [24] - Cangzhou Dahua's co - polymerized PC has reached the domestic advanced level and is actively researching other co - polymerized products [24] - The company's actual controller is coordinating to solve the problem of同业竞争 among listed subsidiaries [26] - The company is formulating the 14th Five - Year Development Plan to build an international first - class chemical high - tech enterprise and develop special polyurethane and polycarbonate new materials [26] - The 50,000 - ton polycarbonate technological transformation project has produced qualified products, is in the market promotion stage, and has been recognized by some customers [26]

Core Viewpoint - The company, Cangzhou Dahua Co., Ltd., is set to hold a half-year performance briefing on September 26, 2025, to discuss its operational results and financial status for the first half of 2025, allowing investors to engage in Q&A sessions [2][3][4]. Group 1: Meeting Details - The performance briefing will take place on September 26, 2025, from 14:00 to 15:00 [2][5]. - The meeting will be held at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [2][4]. - Investors can submit questions from September 19 to September 25, 2025, through the Roadshow Center website or via the company's email [2][6]. Group 2: Participation and Interaction - Investors are encouraged to participate online during the briefing, where the company will address commonly raised questions [3][4]. - The company aims to provide a comprehensive understanding of its half-year operational achievements and financial indicators during the session [2][3]. Group 3: Previous Shareholder Meeting - The company held its second extraordinary general meeting on September 18, 2025, with no resolutions being rejected [9]. - The meeting was conducted in compliance with legal and procedural requirements, with a combination of in-person and online voting methods [9][11]. - Several governance-related proposals were approved, including amendments to the independent director system and management regulations [11][12].

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 ...