证券代码：600352 证券简称：浙江龙盛 公告编号：2025-042 号 浙江龙盛集团股份有限公司 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。 根据上海证券交易所《上市公司自律监管指引第 3 号——行业信息披露》的 要求，公司现将 2025 年第三季度主要经营数据披露如下： 注：上述产品销量包含了部分外购成品再销售的量。 二、主要产品和原材料的价格变动情况 （一）主要产品价格(不含增值税)波动情况 第 2页 共 4 页 （二）主要原料价格(不含增值税)波动情况 第 3页 共 4 页 注：价格断档现象为该原料在该季度未采购，故无数据采集。 三、报告期内无其他对公司生产经营具有重大影响的事项。 特此公告。 第 1页 共 4 页 主要 产品 2025年7－9月 2025年1－9月 产量 （吨） 销量 （吨） 营业收入（元） 产量 （吨） 销量 （吨） 营业收入（元） 染料 49,993 59,234 1,783,096,390.49 160,703 174,617 5,414,881,10 ...

关于举行 2025 年第三季度网上业绩说明会的公告 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： 1、会议召开时间：2025 年 11 月 7 日下午 15:00—16:30 2、会议召开网址：公司网站（http://www.longsheng.com） 3、会议召开方式：网络平台在线交流 4、投资者可在 2025 年 11 月 7 日 15:00 前通过公司"互动平台"上先提出 所关注的问题，公司将在说明会上选择投资者普遍关注的问题进行回答。 证券代码：600352 证券简称：浙江龙盛 公告编号：2025-043 号 浙江龙盛集团股份有限公司 2、投资者可以在 2025 年 11 月 7 日下午 15:00—16:30 登录公司网站 （http://www.longsheng.com）"投资者关系"-"投资交流"-"互动平台"参 第 1页 共 2 页 一、说明会类型 公司已于 2025 年 10 月 29 日披露公司《2025 年第三季度报告》（刊登在《上 海证券报》、《证券时报》和《证券日报》及上海证券交 ...

Core Viewpoint - Zhejiang Longsheng (600352.SH) reported a decline in total operating revenue for the first three quarters of 2025, while net profit attributable to shareholders increased slightly [1] Financial Performance - Total operating revenue for the first three quarters reached 9.671 billion yuan, a year-on-year decrease of 8.85% [1] - Net profit attributable to shareholders was 1.397 billion yuan, reflecting a year-on-year growth of 3.23% [1] - Basic earnings per share stood at 0.4294 yuan [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥3,165,690,771.63, a decrease of 13.39% compared to the same period last year[4] - The total profit for the period was ¥634,259,809.34, reflecting a growth of 6.16% year-on-year[4] - The net profit attributable to shareholders was ¥469,205,203.01, an increase of 4.00% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥339,919,359.78, down 32.47% year-on-year[4] - Total operating revenue for the first three quarters of 2025 was CNY 9.67 billion, a decrease of 8.83% compared to CNY 10.61 billion in the same period of 2024[17] - Total operating costs decreased to CNY 8.32 billion, down 8.27% from CNY 9.07 billion year-over-year[17] - Operating profit increased to CNY 1.99 billion, representing a growth of 8.02% from CNY 1.85 billion in the previous year[17] - Net profit for the first three quarters of 2025 was CNY 1.59 billion, slightly up by 2.03% from CNY 1.56 billion in 2024[19] - The company reported a total comprehensive income of CNY 1.59 billion, an increase of 12.06% from CNY 1.42 billion in the previous year[19] - The company’s total profit for the first three quarters of 2025 was CNY 805,907,414.01, an increase from CNY 685,279,283.12 in the previous year[26] Assets and Liabilities - The total assets at the end of the period amounted to ¥76,497,730,532.43, representing a 6.23% increase from the end of the previous year[5] - As of September 30, 2025, the total assets of Zhejiang Longsheng Group Co., Ltd. amounted to RMB 76.50 billion, an increase from RMB 72.01 billion as of December 31, 2024, representing a growth of approximately 6.8%[14][16] - The company's current assets reached RMB 56.70 billion, up from RMB 52.31 billion, indicating a growth of about 8.3% year-over-year[14] - Total liabilities increased to RMB 39.15 billion from RMB 34.76 billion, marking an increase of around 12.9%[16] - The total assets decreased to 29,386,540,952.44 RMB from 32,368,287,511.63 RMB, reflecting a decline of approximately 9.1%[24] - Current assets decreased to 10,418,674,514.34 RMB from 15,166,665,748.93 RMB, a reduction of about 31.2%[23] - Total liabilities decreased to 23,078,118,580.22 RMB from 25,282,038,327.66 RMB, a decline of approximately 8.7%[24] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥5,564,486,386.36, up 46.71% due to increased pre-sale receipts from real estate subsidiaries[8] - Cash flow from operating activities generated CNY 5.56 billion, an increase of 47.03% compared to CNY 3.79 billion in the same period last year[21] - The net cash flow from operating activities was CNY 5,474,721,060.83, a significant recovery from a negative cash flow of CNY -1,870,077,314.53 in the same period last year[29] - The net cash flow from investment activities was -4,442,309,036.47 RMB, compared to -4,423,130,889.88 RMB in the previous period, indicating a slight increase in cash outflow[22] - The total cash inflow from financing activities was 24,587,836,769.68 RMB, down from 28,050,636,213.40 RMB year-over-year[22] - The net cash flow from financing activities was -2,546,576,622.03 RMB, contrasting with a positive cash flow of 2,704,162,188.12 RMB in the previous period[22] Shareholder Information - The top shareholder, 阮伟祥, holds 425,732,228 shares, representing 13.09% of the total shares[10] - The company reported a total of 109,115 common shareholders at the end of the reporting period[10] Research and Development - Research and development expenses were CNY 444.37 million, a slight increase of 2.38% from CNY 434.85 million in the previous year[17] - Research and development expenses increased to CNY 76,698,631.57, up 29.7% from CNY 59,128,187.46 in the previous year[26] Other Financial Metrics - The weighted average return on net assets was 1.36%, an increase of 0.03 percentage points compared to the previous year[4] - The company's inventory stood at RMB 29.55 billion, compared to RMB 28.83 billion, showing an increase of about 2.5%[14] - The accounts receivable rose to RMB 2.07 billion from RMB 1.84 billion, which is an increase of approximately 12.9%[14] - The total equity attributable to shareholders decreased slightly to RMB 34.15 billion from RMB 34.28 billion, a decline of about 0.4%[16] - The company's short-term borrowings increased to RMB 8.22 billion from RMB 7.92 billion, reflecting a growth of approximately 3.8%[15] - The contract liabilities surged to RMB 12.50 billion from RMB 7.27 billion, indicating a significant increase of around 72.5%[15] - The company reported a decrease in other comprehensive income, which went from RMB -190.54 million to RMB -246.73 million, indicating a decline in this area[16] - The company's interest income decreased to CNY 205,088,603.52 from CNY 299,748,879.24 in the previous year, reflecting changes in investment returns[26] - Other income increased to CNY 71 million, up 40.63% from CNY 50.52 million year-over-year[17] - The basic earnings per share for the first three quarters of 2025 was CNY 0.4294, compared to CNY 0.4231 in the same period of 2024[19] - The company's financial expenses increased significantly to CNY 37,261,903.89 from a negative CNY -10,833,024.26 in the previous year, primarily due to higher interest expenses[26] - Cash and cash equivalents at the end of the period stood at CNY 1,692,289,649.78, down from CNY 2,348,478,983.62 at the end of the same period last year[30]

Investment Rating - The report maintains an "Optimistic" rating for the chemical industry [3][4]. Core Insights - The report highlights a recovery opportunity at the bottom of the chemical cycle, particularly in the titanium dioxide sector, with major companies expanding globally and focusing on asset acquisitions [3][4]. - Global oil supply is expected to increase significantly, driven by non-OPEC production, while demand remains stable with a projected global GDP growth of 2.8% [4][5]. - The report emphasizes the importance of various chemical chains, including textiles, agriculture, and exports, as well as the potential for recovery in profitability for titanium dioxide due to easing trade tensions and improved overseas real estate conditions [3][4]. Summary by Sections Industry Dynamics - Oil supply is anticipated to rise, with OPEC+ expected to increase production, while demand is stable but may slow due to tariffs [4]. - Coal prices are expected to stabilize at a low level, and natural gas exports from the U.S. are likely to increase, reducing import costs [4]. Chemical Product Prices and Trends - The report notes that the PPI for all industrial products fell by 2.3% year-on-year in September, indicating a narrowing decline compared to August [5]. - Manufacturing PMI rose to 49.8%, suggesting a continued recovery in manufacturing activity [5]. Investment Analysis - The report suggests focusing on four key areas for investment: textiles, agriculture, export-related chemicals, and sectors benefiting from reduced competition [3]. - Specific companies to watch include Lu Xi Chemical, Tongkun Co., and Huafeng Chemical in the textile chain, and various firms in the agricultural sector such as Hualu Hengsheng and Baofeng Energy [3][4]. Key Company Valuations - The report provides a valuation table for key companies, indicating their market capitalization and projected earnings for the coming years [14].

Investment Rating - The report maintains an "Optimistic" rating for the chemical industry [3][4]. Core Insights - The report highlights the global expansion of major titanium dioxide manufacturers, emphasizing the opportunity for industry recovery from the bottom of the cycle. The acquisition of Venator UK's titanium dioxide assets and the establishment of subsidiaries in Malaysia and the UK are key developments [4][5]. - The macroeconomic outlook for the chemical sector indicates stable oil demand despite a slight slowdown due to tariffs, with global GDP growth projected at 2.8%. The report also notes that coal prices are stabilizing and natural gas export facilities in the U.S. are expected to accelerate [4][5]. - The report suggests investment strategies across various sectors, including textiles, agriculture, and chemicals, with a focus on companies benefiting from the "anti-involution" policies [4][5]. Summary by Sections Industry Dynamics - The report discusses the current macroeconomic conditions affecting the chemical industry, including oil supply and demand dynamics, with a forecast of increased production from non-OPEC sources and stable global oil demand [5][6]. - It notes that the PPI for industrial products decreased by 2.3% year-on-year in September, indicating a stabilization in prices due to improved supply-demand structures [6]. Investment Analysis - The report recommends a diversified investment approach focusing on sectors such as textiles, agriculture, and export-oriented chemicals, highlighting specific companies for potential investment [4][18]. - Key materials for growth are identified, including semiconductor materials and packaging materials, with specific companies mentioned for each category [4][18]. Price Movements - The report provides detailed price movements for various chemical products, including titanium dioxide, fertilizers, and pesticides, indicating a mixed outlook with some prices stabilizing while others show slight declines [11][14][20]. - It highlights the impact of external factors such as raw material costs and international trade dynamics on pricing trends within the chemical sector [11][14].

Core Viewpoint - Zhejiang Longsheng has indirectly invested approximately 420 million yuan in Unisoc, holding about 0.62% of its shares as of 2021 [1] Group 1 - Zhejiang Longsheng was asked by investors about its stake in Unisoc [1] - The company confirmed its indirect investment in Unisoc through an interactive platform [1]

Group 1 - Zhejiang Longsheng announced that as of September 28, 2025, the total external guarantees provided by the company amount to approximately RMB 8.013 billion, which accounts for 23.37% of the audited net assets attributable to the parent company as of the end of 2024 [1][1][1] - For the first half of 2025, the revenue composition of Zhejiang Longsheng is as follows: specialty chemicals account for 86.3%, basic chemicals account for 5.08%, real estate business accounts for 3.48%, other industries account for 1.88%, and automotive parts account for 1.23% [1][1][1] - As of the report date, the market capitalization of Zhejiang Longsheng is RMB 32.3 billion [1][1][1]

证券代码：600352 证券简称：浙江龙盛 公告编号：2025-041 浙江龙盛集团股份有限公司 关于为全资子公司提供担保的公告 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： 担保对象及基本情况 | | 被担保人名称 | "浙江鸿盛"） | | 浙江鸿盛化工有限公司（以下简称 | | --- | --- | --- | --- | --- | | | 本次担保金额 | 55,000 | 万元 | | | 担保对象 | 实际为其提供的担保余额 | 161,024.70 万元 | | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | 本次担保是否有反担保 | □是 | 否 | □不适用：_________ | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 801,257.83 | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 23.3 ...

Core Points - Zhejiang Longsheng Group Co., Ltd. signed a maximum guarantee contract with Hangzhou Bank Shaoxing Branch to provide a joint liability guarantee of 550 million yuan for its wholly-owned subsidiary, Zhejiang Hongsheng Chemical Co., Ltd. [1] - The previous contract with Hangzhou Bank Shaoxing Shanyin Branch has been canceled. [1] - This guarantee does not have a counter-guarantee and is within the total guarantee limit provided to the subsidiary for the fiscal year 2025. [1] Financial Summary - As of the announcement date, the actual guarantee balance for Zhejiang Hongsheng is 1,610.247 million yuan, with an available guarantee limit of 2,339.753 million yuan. [1] - The total external guarantee balance of the company is 8,012.5783 million yuan, which accounts for 23.37% of the audited net assets attributable to the parent company as of the end of 2024. [1] - There are no overdue guarantees reported. [1] Risk Assessment - The board of directors believes that the risk associated with this guarantee is controllable and aligns with the operational needs of the subsidiary. [1]