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].

证券代码：600230 证券简称：沧州大化 公告编号：2025-011 沧州大化股份有限公司 关于召开 2024 年年度股东大会的通知 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。 股东大会召开日期：2025年5月28日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 (五) 网络投票的系统、起止日期和投票时间。 重要内容提示： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2024 年年度股东大会 召开的日期时间：2025 年 5 月 28 日 10 点 30 分 召开地点：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办 公楼四楼会议室 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2025 年 5 月 28 日 至 2025 年 5 月 28 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票 ...

证券代码：600230 股票简称：沧州大化 编号：2025-004 沧州大化股份有限公司 第九届监事会第五次会议决议公告 本公司监事会及全体监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、 监事会会议召开情况 沧州大化股份有限公司第九届监事会第五次会议于 2025 年 4 月 17 日 13:30 在 公司办公楼四楼会议室召开。会议通知已于 2025 年 4 月 7 日以书面方式发出并送达 各位监事。会议应到监事 3 人，实到监事 3 人，有效表决票 3 票。到会监事人数符 合《中华人民共和国公司法》及《沧州大化股份有限公司章程》（以下简称"《公司 章程》"）的规定，会议合法有效。会议由监事会主席郭新超主持。 二、监事会会议审议情况 内容详见披露于上海证券交易所网站（www.sse.com.cn）的《公司 2024 年度监 事会工作报告》。 3、会议以 3 票赞成，0 票反对，0 票弃权审议通过了《公司 2024 年年度报 告》全文及其摘要； 监事会认为：公司 2024 年度报告的编制和审议程序符合法律、法规和公司章程 的各项规定；报告的内 ...

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五次会议于 2025 年 4 月 17 日上午 10：30 在 公司办公楼四楼会议室召开。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、张文虎、李长青以通讯方式参加表决；公司全体监事、高管列席了会 议；会议人数符合《公司法》和《公司章程》的规定要求。会议由董事长刘增主持。 证券代码：600230 股票简称：沧州大化 编号：2025-003 沧州大化股份有限公司 第九届董事会第五次会议决议公告 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。 本次会议已于 2025 年 4 月 7 日以电子邮件或书面形式通知全体董事、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 票弃权通过了关于《2024 年度总经理工作报 告》的议案； （二）会议以 7 票赞成，0 票反对，0 票弃权通过了关于《公司董事会审计委员会关 于年度财务会计报表审阅意见》的议案； 本议案已经公司董事会审计委员会审议通过。 （三）会议以 7 票赞成，0 票反 ...

证券代码：600230 股票简称：沧州大化 编号：2025-006 经天职国际会计师事务所（特殊普通合伙）审计,2024年母公司实现净利润 22,550,650.40元。2024年初母公司法定盈余公积金266,590,323.08元，法定盈余公积 金累计额达到公司注册资本的50%以上，按照《公司法》规定，可以不再提取，故公司 2024年不再提取法定盈余公积，则本年可供分配利润22,550,650.40元，加上未分配利 润年初余额2,749,591,705.21元，减去2023年度利润分配56,415,755.66元，本年度实 际可供分配2,715,726,599.95元。 经董事会决议，公司2024年度拟以实施权益分派股权登记日登记的总股本为基数 分配利润。本次利润分配方案如下： 沧州大化股份有限公司 关于 2024 年度利润分配预案的公告 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： ●每 10 股派发现金红利 0.21 元（含税）,不进行公积金转增股本，不送红股。 ●本次利润分配以实施权益分派股权登记日登 ...

证券代码：600230 股票简称：沧州大化 编号：2025-010 沧州大化股份有限公司 关于提请股东大会授权董事会办理以简易程序向特定 对象发行股票的公告 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"）于 2025 年 4 月 17 日召开第九届董事 会第五次会议审议通过了《关于提请股东大会授权董事会以简易程序向特定对象发行股 票的议案》，本议案尚需提交公司股东大会审议通过。具体情况如下：根据《上市公司证 券发行注册管理办法》《上海证券交易所上市公司证券发行上市审核规则》等相关规定， 公司董事会提请股东大会授权董事会决定公司择机向特定对象发行融资总额不超过人民 币三亿元且不超过最近一年末净资产百分之二十的股票，授权期限自公司 2024 年年度股 东大会审议通过之日起至公司 2025 年年度股东大会召开之日止。本次以简易程序向特定 对象发行股票（以下简称"本次发行"）授权事宜包括但不限于以下内容： 一、确认公司是否符合以简易程序向特定对象发行股票条件 授权董事会根据《中华人民共和国公司 ...