Core Viewpoint - The company has released its first quarter report for 2025, ensuring the accuracy and completeness of the information provided, and has extended the duration of its employee stock ownership plan until May 18, 2030 [1][2][14]. Financial Data Summary - The first quarter financial statements for 2025 have not been audited [3]. - The company reported that there were no significant changes in the net profit from merged entities, with both the current and previous periods showing a net profit of 0.00 yuan [5][6]. Shareholder Information - The total number of shareholders and the situation of the top ten shareholders have not changed significantly [4]. - The company confirmed that the employee stock ownership plan holds 25,000,070 shares, accounting for 0.77% of the total share capital [15]. Board Meeting Details - The ninth board meeting was held on April 25, 2025, with all nine directors present, and the meeting complied with relevant laws and regulations [7]. - The board approved the first quarter report and the extension of the employee stock ownership plan [8][10]. Operational Data - The company disclosed its main operational data for the first quarter of 2025, including production, sales, and revenue figures [16]. - There were no significant impacts on production and operations during the reporting period [17].

证券代码：600352 证券简称：浙江龙盛 公告编号：2025-020 号 浙江龙盛集团股份有限公司 2025 年第一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》要 求，公司 2025 年第一季度主要经营数据披露如下： 一、主要产品的产量、销量及收入实现情况 | 主要产品 | 产量（吨） | 销量（吨） | 营业收入（元） | | --- | --- | --- | --- | | 染料 | 56,405 | 55,910 | 1,772,124,923.54 | | 助剂 | 10,760 | 15,448 | 241,810,199.35 | | 中间体 | 27,353 | 26,503 | 806,829,892.47 | 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 3页 共 4 页 第 4页 共 4 页 第 1页 共 4 页 （二）主要原料 ...

鉴于上述存续期即将届满，根据《2020 年员工持股计划（草案）》的规定： "本员工持股计划的存续期届满前 2 个月，经出席持有人会议的持有人所持 2/3 以上份额同意并提交公司董事会审议通过后，本员工持股计划的存续期可以延 长"。全体员工持股计划持有人于 2025 年 4 月 25 日召开 2025 年第一次持有人会 议，基于对公司未来持续稳定发展的信心及公司股票价值的判断，同时为了维护 员工持股计划持有人的利益，一致同意延长 2020 年员工持股计划存续期五年， 即延长至 2030 年 5 月 18 日。该事项已经公司第九届董事会第十八次会议决议通 过。 特此公告。 第 1页 共 2 页 公司于 2025 年 4 月 25 日召开的第九届董事会第十八次会议审议通过了《关 于延长 2020 年员工持股计划存续期的议案》，现将公司延长 2020 年员工持股计 划存续期的相关情况公告如下： 一、本员工持股计划持有公司股份情况 公司于 2020 年 5 月 7 日、2020 年 5 月 18 日召开了公司第八届董事会第八 次会议和 2019 年年度股东大会，审议通过了《关于 2020 年员工持股计划（草案） 的议案 ...

《关于延长2020年员工持股计划存续期的议案》 参加表决的持有人以33,670万份同意，0份反对，0份弃权，审议通过了《关 于延长2020年员工持股计划存续期的议案》，同意延长2020年员工持股计划存续 期五年，即延长至2030年5月18日。本议案已经公司第九届董事会第十八次会议 决议通过。 特此公告。 浙江龙盛集团股份有限公司 二 O 二五年四月二十六日 证券代码：600352 股票简称：浙江龙盛 公告编号：2025-019 号 浙江龙盛集团股份有限公司 2020 年员工持股计划 2025 年第一次 持有人会议决议的公告 浙江龙盛集团股份有限公司（以下简称"公司"）于2025年4月25日在办公 大楼401会议室以现场结合远程视频的方式召开了2020年员工持股计划2025年第 一次持有人会议。本次会议有7名员工持股计划份额持有人出席，代表员工持股 计划份额33,670万份，占公司2020年员工持股计划总份额的100.00%。会议由管 理委员会负责召集，管理委员会主任卢邦义主持，本次会议的召集、召开及表决 程序符合《浙江龙盛集团股份有限公司2020年员工持股计划》和《浙江龙盛集团 股份有限公司2020年员工持股 ...

证券代码：600352 证券简称：浙江龙盛 公告编号：2025-017 号 浙江龙盛集团股份有限公司 第九届董事会第十八次会议决议公告 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 浙江龙盛集团股份有限公司于 2025 年 4 月 20 日以专人送达、邮件的方式向 全体董事、监事和高级管理人员发出关于召开董事会会议的通知和材料，通知定 于 2025 年 4 月 25 日以通讯表决方式召开公司第九届董事会第十八次会议。会议 应出席的董事 9 人，实际出席会议的董事 9 人。公司监事、高级管理人员列席本 次会议，公司董事长阮伟祥主持会议。会议符合《公司法》等有关法律、法规、 规章以及《公司章程》的有关规定。 二、董事会会议审议情况 （一）审议通过《2025 年第一季度报告》 《2025 年第一季度报告》已经公司董事会审计委员会事前认可并同意提交 董事会。 同意本议案的 9 票，反对 0 票，弃权 0 票。具体内容详见在上海证券交易所 网站披露的公司《2025 年第一季度报告》。 （二）审议通过《关于延长 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 3,235,274,132.07, a decrease of 7.21% compared to the same period last year[3]. - Net profit attributable to shareholders increased by 100.44% to CNY 395,920,422.86, primarily due to last year's losses from other non-current financial assets[3][6]. - Basic earnings per share rose by 94.41% to CNY 0.1217, reflecting the significant improvement in net profit[3][6]. - The company reported a significant increase in pre-sale funds for commercial housing, contributing to the positive cash flow from operating activities[6]. - Total operating revenue for Q1 2025 was approximately ¥3.24 billion, a decrease of 7.2% compared to ¥3.49 billion in Q1 2024[17]. - Net profit for Q1 2025 reached approximately ¥471.23 million, an increase of 91.0% from ¥246.70 million in Q1 2024[18]. - Operating profit for Q1 2025 was approximately ¥593.42 million, up 94.3% from ¥305.54 million in Q1 2024[17]. - Basic and diluted earnings per share for Q1 2025 were both ¥0.1217, compared to ¥0.0626 in Q1 2024[18]. - The company reported a comprehensive income total of ¥80,559,010.11 for Q1 2025, down from ¥137,904,138.72 in Q1 2024[27]. Cash Flow - The net cash flow from operating activities was CNY 2,507,278,904.25, a substantial increase from a negative cash flow of CNY -176,577,603.91 in the previous year[3]. - Cash flow from operating activities for Q1 2025 was approximately ¥2.51 billion, compared to a negative cash flow of ¥176.58 million in Q1 2024[20]. - In Q1 2025, the net cash flow from operating activities was ¥5,028,453,700.58, a significant improvement compared to a net outflow of ¥4,981,779,244.62 in Q1 2024[29]. - Total cash inflow from operating activities reached ¥10,916,345,688.12, up from ¥9,773,674,096.75 in the same period last year, indicating a growth of approximately 11.7%[29]. - Cash outflow from operating activities decreased to ¥5,887,891,987.54 from ¥14,755,453,341.37, reflecting a reduction of about 60%[29]. - The cash flow from other operating activities was ¥10,223,092,877.98, an increase from ¥9,463,590,735.78, reflecting a growth of about 8%[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 76,313,161,534.38, representing a 5.97% increase from the end of the previous year[4]. - As of March 31, 2025, the total assets of Zhejiang Longsheng Group Co., Ltd. amounted to RMB 76.31 billion, an increase from RMB 72.01 billion as of December 31, 2024, representing a growth of approximately 6.5%[12]. - The company's current assets reached RMB 56.85 billion, up from RMB 52.31 billion, indicating a growth of about 8.5%[12]. - The total liabilities of the company were RMB 38.59 billion, up from RMB 34.76 billion, which is an increase of about 11.3%[14]. - The total assets as of March 31, 2025, amounted to ¥34,389,011,132.44, up from ¥32,368,287,511.63 at the end of 2024, reflecting a growth of 6.3%[23]. - The total liabilities rose to ¥27,222,171,073.80, an increase of 7.7% from ¥25,282,038,327.66 at the end of 2024[23]. Shareholder Information - The top two shareholders, 阮伟祥 and 阮水龙, hold 13.09% and 11.98% of the shares, respectively[8]. - The total number of ordinary shareholders at the end of the reporting period was 124,473[8]. Investment and Financing Activities - Investment activities generated a net cash outflow of approximately ¥3.32 billion in Q1 2025, compared to a net outflow of ¥1.62 billion in Q1 2024[21]. - Financing activities generated a net cash inflow of approximately ¥673.98 million in Q1 2025, down from ¥7.59 billion in Q1 2024[21]. - Cash inflow from financing activities was ¥5,125,805,125.05, slightly down from ¥5,237,659,741.83 in Q1 2024[29]. - The net cash flow from financing activities turned negative at ¥-435,558,445.17, contrasting with a positive flow of ¥1,296,155,838.81 in the previous year[29]. Research and Development - Research and development expenses for Q1 2025 were ¥26,710,302.40, up 51.6% from ¥17,630,545.32 in Q1 2024[26].

Core Insights - The company achieved total operating revenue of 15.884 billion yuan in 2024, a year-on-year increase of 3.80%, and a net profit attributable to shareholders of 2.03 billion yuan, up 32.36% year-on-year [1] - In Q4 2024, the company reported operating revenue of 5.274 billion yuan, a year-on-year increase of 17.90% and a quarter-on-quarter increase of 44.29%, with a net profit of 677 million yuan, up 6.63% year-on-year and 50.03% quarter-on-quarter [1] Investment Highlights - The company demonstrated resilience with reverse growth and diversified layout, achieving a 7.17% year-on-year increase in global dye sales volume, with revenue growth of 0.94% and 7.63% for dyes and auxiliaries respectively, outperforming industry levels [2] - The intermediate business saw a 16.55% increase in sales volume and a 4.58% revenue growth, reflecting advantages in the extended industrial chain [2] - The real estate business experienced significant revenue growth of 87.26% year-on-year due to project deliveries, becoming a key contributor to performance [2] - The overseas market revenue accounted for 42.15% of total revenue, with the U.S. as a core sales region facing structural risks due to potential impacts from U.S.-China trade tensions [2] Operational Efficiency - The company improved operating cash flow, with a net cash flow from operating activities of 9.265 billion yuan, a year-on-year increase of 236.79% [3] - Total cash inflow from operating activities grew by 28.72%, primarily driven by substantial prepayments from real estate subsidiaries [3] - The company effectively controlled costs, with total cash outflow from operating activities decreasing by 10.91% year-on-year [3] Technological and Strategic Development - The company is driven by a "technology-environment-strategy" framework, solidifying its leadership in the global chemical low-carbon transition [4] - It has established an integrated production system with a capacity of 300,000 tons of dyes, 100,000 tons of auxiliaries, and 119,500 tons of intermediates, leveraging resource recycling and cost efficiency [4] - The company plans to enhance its capabilities through "independent research and development + strategic acquisitions," aiming to upgrade to a cross-field comprehensive service provider [4] Profit Forecast - The company is expected to achieve net profits attributable to shareholders of 2.07 billion, 2.212 billion, and 2.392 billion yuan for 2025-2027, with corresponding PE ratios of 15.3, 14.3, and 13.2 times [5]

2025 年 04 月 18 日 技术筑基绿色智造，全链协同驱动全球增长 —浙江龙盛（600352.SH）公司事件点评报告 浙江龙盛发布 2024 年年度报告：2024 年，公司实现总营业 收入 158.84 亿元，同比增长 3.80%；实现归母净利润 20.30 亿元，同比增长 32.36%。其中，2024Q4 单季度实现营业收入 52.74 亿元，同比增长 17.90%，环比增长 44.29%；实现归母 净利润 6.77 亿元，同比增长 6.63%，环比增长 50.03%。 投资要点 ▌逆势增长显韧性，多元布局拓空间 公司通过搭建覆盖产品开发、工艺创新、色彩应用服务及可 持续解决方案的全球研发体系，构筑核心技术壁垒。凭借近 1900 项境内外专利储备，形成对产品矩阵的强效技术支撑。 在国内染料、助剂行业面临产能过剩、同业竞争加剧导致平 均利润率承压的背景下，公司实现染料业务全球销售量同比 增长 7.17%，染料/助剂营业收入分别同比增长 0.94%和 7.63%，显著优于行业水平；中间体业务在平稳市场环境下实 现量价齐升，销售量同比增长 16.55%，营收增长 4.58%，体 现产业链延伸优势；房地产业务 ...

2025 年 04 月 18 日 技术筑基绿色智造，全链协同驱动全球增长 —浙江龙盛（600352.SH）公司事件点评报告 浙江龙盛发布 2024 年年度报告：2024 年，公司实现总营业 收入 158.84 亿元，同比增长 3.80%；实现归母净利润 20.30 亿元，同比增长 32.36%。其中，2024Q4 单季度实现营业收入 52.74 亿元，同比增长 17.90%，环比增长 44.29%；实现归母 净利润 6.77 亿元，同比增长 6.63%，环比增长 50.03%。 投资要点 ▌逆势增长显韧性，多元布局拓空间 公司通过搭建覆盖产品开发、工艺创新、色彩应用服务及可 持续解决方案的全球研发体系，构筑核心技术壁垒。凭借近 1900 项境内外专利储备，形成对产品矩阵的强效技术支撑。 在国内染料、助剂行业面临产能过剩、同业竞争加剧导致平 均利润率承压的背景下，公司实现染料业务全球销售量同比 增长 7.17%，染料/助剂营业收入分别同比增长 0.94%和 7.63%，显著优于行业水平；中间体业务在平稳市场环境下实 现量价齐升，销售量同比增长 16.55%，营收增长 4.58%，体 现产业链延伸优势；房地产业务 ...

2025 年 04 月 16 日 公司研究 评级：买入(维持) | 研究所： | | | --- | --- | | 证券分析师： | 李永磊 S0350521080004 | | | liyl03@ghzq.com.cn | | 证券分析师： | 董伯骏 S0350521080009 | | | dongbj@ghzq.com.cn | | 证券分析师： | 陈云 S0350524070001 | | | cheny17@ghzq.com.cn | | 联系人 ： | 于畅 S0350124080008 | | | yuc02@ghzq.com.cn | [Table_Title] 主营产品销量提升，龙头优势持续强化 ——浙江龙盛（600352）2024 年报点评 最近一年走势 | 相对沪深 | 300 表现 | | | 2025/04/15 | | --- | --- | --- | --- | --- | | 表现 | | 1M | 3M | 12M | | 浙江龙盛 | | 0.5% | 1.9% | 13.8% | | 沪深 300 | | -6.1% | -0.9% | 6.0% | | 市场数据 ...