Core Viewpoint - The company has reported its third-quarter financial results and provided updates on significant projects, including the establishment of a joint venture for natural soda ash production and the implementation of a restricted stock incentive plan. Financial Data - The third-quarter report indicates that the company’s financial information is accurate and complete, with no significant omissions or misleading statements [2][15]. - The financial statements for the third quarter are unaudited [3][12]. Project Updates - The company has established a joint venture, China National Salt (Inner Mongolia) Soda Industry Co., Ltd., with a registered capital of 40 million yuan, where the company holds a 49% stake [6]. - The joint venture successfully acquired mining rights for natural soda ash in Tongliao City for 6.80886 billion yuan, and the company will fully own the joint venture after a capital reduction by its partner [7][8]. - A production test project for 5 million tons of natural soda ash has commenced [9]. Stock Incentive Plan - The company has approved the release of restrictions on 920,556 shares of restricted stock for 118 eligible participants as part of its stock incentive plan [10][11]. Share Buyback - As of the end of the reporting period, the company has repurchased 9.03657 million shares, accounting for 0.616% of its total share capital, with a total expenditure of 67.0411 million yuan [11]. Price Changes - In Q3 2025, the prices of basic chemical products stabilized at low levels, with significant year-on-year price declines for PVC and caustic soda, while the price of caustic soda saw a year-on-year increase of 13.7% [54][55]. - The procurement price of raw materials such as liquid ammonia decreased by 18.8% year-on-year, and the price of licorice dropped by 45.2% [55].

Core Viewpoint - Zhongyan Chemical (600328.SH) reported a significant decline in both revenue and net profit for Q3 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company's operating revenue for Q3 2025 was 2.776 billion yuan, representing a year-on-year decrease of 13.42% [1] - The net profit attributable to shareholders was 5.1193 million yuan, down 96.16% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 508,300 yuan, reflecting a drastic decline of 99.59% year-on-year [1]

二、主要产品及原材料的价格变动情况 证券代码：600328 证券简称：中盐化工 公告编号：2025-098 中盐内蒙古化工股份有限公司 2025 年第三季度主要经营数据的公告 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。 中盐内蒙古化工股份有限公司（以下简称"公司"）根据上海证 券交易所《上市公司行业信息披露指引第七号-医药》《上市公司行 业信息披露指引第十八号-化工》及《关于做好上市公司 2025 年第三 季度报告披露工作的通知》要求，现将公司 2025 年第三季度主要经 营数据披露如下： | 主要原材料 | 2024 | 年第三季度平 均采购价（含税） | 2025 年第三季度平 均采购价（含税） | 变动比例 （%） | | --- | --- | --- | --- | --- | | 原盐（元/吨） | | 155.33 | 125.38 | -19.28% | | 石灰石（元/吨） | | 65.33 | 66.08 | 1.14% | | 焦炭（元/吨） | | 1,459.20 | 1,346.27 | ...

中盐内蒙古化工股份有限公司 关于续聘会计师事务所的公告 证券代码：600328 证券简称：中盐化工 公告编号：2025－097 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： ● 拟聘任的会计师事务所名称：立信会计师事务所（特殊普通合伙）（以 下简称"立信"）。 一、拟聘任会计师事务所的基本情况 （一）机构信息 1.基本信息 立信由我国会计泰斗潘序伦博士于 1927 年在上海创建，1986 年复办， 2010 年成为全国首家完成改制的特殊普通合伙制会计师事务所，注册地址 为上海市，首席合伙人为朱建弟先生。立信是国际会计网络 BDO 的成员所， 长期从事证券服务业务，新证券法实施前具有证券、期货业务许可证，具有 H 股审计资格，并已向美国公众公司会计监督委员会（PCAOB）注册登记。 截至 2024 年末，立信拥有合伙人 296 名、注册会计师 2,498 名、从业 人员总数 10,021 名，签署过证券服务业务审计报告的注册会计师 743 名。 立信 2024 年业务收入（经审计）47.48 亿元，其中审 ...

证券代码：600328 证券简称：中盐化工 公告编号：2025-096 中盐内蒙古化工股份有限公司 关于召开2025年第七次临时股东会的通知 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。 重要内容提示： 一、 召开会议的基本情况 (一) 股东会类型和届次 2025年第七次临时股东会 召开的日期时间：2025 年 11 月 18 日 9 点 30 分 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 11 月 18 日 至2025 年 11 月 18 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 票时间为股东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30， 股东会召开日期：2025年11月18日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系 统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东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 13:00-15:00；通过互联网投票平台的投票时 ...

中盐内蒙古化工股份有限公司（以下简称"公司"）第九届董事会 第七次会议于2025年10月17日将会议通知以电子邮件或书面的方式送 达与会人员，2025年10月29日在公司会议室以现场与视频相结合方式 召开，应出席会议董事9名，董事长周杰，董事王广斌，职工董事马占 玉现场参加会议；董事乔雪莲、杨廷文、王吉锁，独立董事胡书亚、 赵艳灵、李强以视频方式参加会议。公司高管人员列席了会议，符合 《公司法》和《公司章程》的有关规定。会议由董事长周杰先生主持。 经与会董事审议并表决通过了以下议案： 一、《2025 年第三季度报告》 公司《2025 年第三季度报告》和其中的财务信息已经董事会审计委 员会 2025 年第四次会议事前认可（董事会审计委员会表决结果：同意 5 票，反对 0 票，弃权 0 票）。董事会审计委员会认为：公司严格按照股份 制公司财务制度规范运作及企业会计准则编制了公司《2025 年第三季度 报告》，公司《2025 年第三季度报告》的财务信息真实、准确、完整反 映了报告期内公司财务状况和经营成果。同意将《2025 年第三季度报告》 提交董事会审议。 详见同日刊登于《中国证券报》《上海证券报》和上海证券交易 ...

Financial Performance - The company's operating revenue for the third quarter was ¥2,775,753,846.42, a decrease of 13.42% compared to the same period last year[4]. - The total profit for the quarter was ¥14,906,596.92, reflecting a significant decline of 94.22% year-on-year[4]. - The net profit attributable to shareholders was ¥5,119,284.84, down 96.16% compared to the previous year[4]. - The net profit after deducting non-recurring gains and losses was ¥508,285.10, a decrease of 99.59% year-on-year[4]. - Total revenue for the reporting period decreased by 8.32% due to intensified market competition for main products like soda ash[10]. - The company reported a total profit of -85.79 million for the year-to-date, indicating a significant decline in profitability[10]. - Net profit for the first three quarters of 2025 was approximately ¥92.48 million, a significant decline of 87.1% compared to ¥714.16 million in 2024[28]. - Operating profit for the first three quarters of 2025 was approximately ¥135.28 million, down 85.2% from ¥914.77 million in the same period of 2024[28]. - Basic earnings per share for the first three quarters of 2025 was ¥0.0394, down from ¥0.3899 in 2024[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥25,241,703,296.44, an increase of 34.65% from the end of the previous year[5]. - The company's total assets amounted to 34.65 million, with new short-term borrowings contributing to this increase[10]. - The company's total liabilities increased to approximately ¥12.37 billion in 2025 from ¥5.56 billion in 2024, reflecting a growth of 122.5%[24]. - Total equity decreased to approximately ¥12.87 billion in 2025 from ¥13.18 billion in 2024, a decline of 2.3%[24]. - The total liabilities and equity combined reached approximately ¥25.24 billion in 2025, up from ¥18.75 billion in 2024, marking an increase of 34.8%[24]. - The total liabilities increased to CNY 5,641,452,173.49 in 2025 from CNY 1,357,623,450.18 in 2024, indicating a significant rise in financial obligations[33]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥164,423,643.76, an increase of 95.86% compared to the same period last year[4]. - Net cash flow from operating activities increased significantly to 95.86 million, driven by higher cash receipts from sales[10]. - The company's operating cash flow net amount was CNY 164,423,643.76, an increase of 96% compared to CNY 83,948,298.69 in the same period of 2024[29]. - Total cash inflow from operating activities decreased to CNY 4,524,778,762.52, down 19.5% from CNY 5,615,388,685.52 year-on-year[29]. - Cash outflow from operating activities also decreased to CNY 4,360,355,118.76, a reduction of 21.2% compared to CNY 5,531,440,386.83 in the previous year[29]. - The cash flow from operating activities showed a net outflow of CNY -2,691,487,077.97 in 2025, compared to CNY -785,708,539.72 in 2024, reflecting worsening cash flow conditions[38]. Investments and Acquisitions - The company reported a significant increase in accounts receivable by 220.85% year-to-date, attributed to the release of customer credit limits[9]. - The company has seen a 583.30% increase in intangible assets year-to-date due to the acquisition of mining rights[9]. - The company established a joint venture with PetroChina Taihu Investment Co., Ltd. to develop natural soda and related resources, with a registered capital of 40 million[15]. - The company acquired the natural soda mining rights in Tongliao City for RMB 6.80886 billion on June 16, 2025, and plans to fully exit its stake in Zhongyan Alkali Industry through capital reduction[16]. - The company reported investment income of approximately ¥23.90 million for the first three quarters of 2025, an increase from ¥9.56 million in 2024[27]. - The investment income for the first three quarters of 2025 was CNY 211,239,537.14, a significant decrease from CNY 1,793,531,764.44 in the same period of 2024[35]. Research and Development - Research and development expenses decreased by 37.59% compared to the same period last year, primarily due to a reduction in R&D projects[10]. - Research and development expenses for the first three quarters of 2025 were approximately ¥194.13 million, a decrease of 37.6% compared to ¥311.08 million in 2024[27]. - The company reported a significant increase in research and development expenses, which rose to CNY 1,038,229.13 in 2025 from CNY 615,389.98 in 2024, indicating a focus on innovation[35]. Financing Activities - Short-term borrowings increased by 313.94% year-to-date, indicating a rise in short-term bank loans[9]. - The net cash flow from financing activities was CNY 6,298,963,747.30, a turnaround from a negative cash flow of CNY -429,700,685.53 in the same period of 2024[30]. - The company received CNY 2,716,000,000.00 from borrowings in the first three quarters of 2025, indicating reliance on debt financing[39]. - The company's financial expenses included interest expenses of CNY 16,577,574.14 in 2025, compared to CNY 122,496.49 in 2024, reflecting increased borrowing costs[35].

Core Insights - The company reported a significant decline in revenue and net profit for the third quarter and the first three quarters of the year [1] Financial Performance - Q3 revenue was 2.776 billion, a year-on-year decrease of 13.42% [1] - Q3 net profit was 5.1193 million, a year-on-year decrease of 96.16% [1] - Revenue for the first three quarters was 8.773 billion, a year-on-year decrease of 8.32% [1] - Net profit for the first three quarters was 57.8348 million, a year-on-year decrease of 89.92% [1]

Group 1 - The chemical raw materials sector increased by 1.08% on October 29, with Zhenhua Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] - Zhenhua Co., Ltd. saw a significant rise of 9.99% in its closing price, reaching 21.80, with a trading volume of 407,200 shares and a transaction value of 866 million yuan [1] Group 2 - The chemical raw materials sector experienced a net outflow of 272 million yuan from institutional funds, while retail investors saw a net inflow of 320 million yuan [2] - The top gainers in the sector included Sanyou Chemical, which rose by 4.83% to 5.64, and Boyuan Chemical, which increased by 4.46% to 6.79 [1][2] - The overall trading activity in the sector indicated a mixed sentiment, with some stocks experiencing significant declines, such as Shilong Industrial, which fell by 10% to 13.95 [2]

Core Points - The Ministry of Industry and Information Technology announced the seventh batch of national industrial heritage sites and the third batch of sites that passed re-evaluation, including 32 new sites and 50 re-evaluated sites [1][2]. Group 1: New National Industrial Heritage Sites - The seventh batch includes significant projects such as Shoushan Substation, Fengman Hydropower Station, Jingpo Lake Power Plant, Qinshan Nuclear Power Station, and Chongqing Power Plant [1][2]. Group 2: Re-evaluated National Industrial Heritage Sites - The third batch of re-evaluated sites includes major locations like Dagang Oilfield Port No. 5 Well, Kailuan Zhao Gezhuang Mine, Shigejie Coal Mine, Fushun West Open-pit Mine, Dongwo Hydropower Station, and the Controlled Nuclear Fusion Experiment Site [1][2]. Group 3: Recommendations for Heritage Management - The Ministry encourages local departments and enterprises to enhance the systematic protection of industrial heritage, increase resource support, and promote active utilization through new models such as "Industrial Heritage +” for education, tourism, and industrial restructuring [2].