证券代码：600389 证券简称：江山股份 公告编号：临 2025-054 南通江山农药化工股份有限公司 关于召开 2025 年第三季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。 重要内容提示： 南通江山农药化工股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 月 5 日下午 14:00-15:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第三季度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 三、 参加人员 董事长：王利先生 董事、总经理：孟长春先生 副总经理、董事会秘书：宋金华先生 财务总监、财务负责人：黄海先生 独立董事：周献慧女士 四、 投资者参加方式 （一）投资 ...

Core Insights - The company reported a revenue of 1.157 billion yuan for Q3 2025, representing a year-on-year growth of 2.75% [1] - The net profit for Q3 2025 was 86.7253 million yuan, showing a significant year-on-year increase of 11890.01% [1] - For the first three quarters of 2025, the total revenue reached 4.516 billion yuan, with a year-on-year growth of 5.20% [1] - The net profit attributable to shareholders for the first three quarters was 425 million yuan, reflecting a substantial year-on-year increase of 147.91% [1]

Financial Performance - The company's operating revenue for the third quarter reached ¥1,157,001,941.50, an increase of 2.75% compared to the same period last year[4] - Total profit for the quarter was ¥111,996,125.82, a significant increase of 2,379.84% year-on-year[4] - Net profit attributable to shareholders was ¥86,725,342.49, reflecting an increase of 11,890.01% compared to the previous year[4] - Basic earnings per share for the quarter were ¥0.20, up 11,664.71% from the same period last year[5] - Operating profit for the first three quarters of 2025 was ¥532,378,986.70, significantly up from ¥223,406,081.10 in 2024, reflecting a growth of 138%[16] - Net profit for the first three quarters of 2025 was ¥422,209,478.69, compared to ¥174,979,339.90 in 2024, marking an increase of 141.5%[17] - Earnings per share for the first three quarters of 2025 were ¥0.99, up from ¥0.40 in the same period of 2024[17] Cash Flow - The net cash flow from operating activities for the quarter was ¥165,930,509.77, an increase of 463.78% year-on-year[5] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 4,343,388,289.46, an increase from CNY 4,263,578,955.19 in the same period of 2024, representing a growth of approximately 1.87%[19] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 310,398,927.63, significantly higher than CNY 123,795,894.92 in 2024, indicating a year-over-year increase of about 150.1%[19] - The cash inflow from investment activities totaled CNY 2,303,756,744.11 in 2025, compared to CNY 284,352,245.29 in 2024, marking a substantial increase of approximately 711.5%[20] - The net cash flow from investment activities was negative at CNY -1,141,519,442.03 for the first three quarters of 2025, slightly improved from CNY -1,143,263,440.96 in 2024[20] - Cash inflow from financing activities reached CNY 1,212,673,307.21 in 2025, up from CNY 957,070,686.20 in 2024, reflecting an increase of about 26.6%[20] - The net cash flow from financing activities was CNY 626,828,021.27 in 2025, compared to CNY 230,345,602.85 in 2024, showing a significant increase of approximately 172.5%[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,435,553,362.35, representing a 9.29% increase from the end of the previous year[5] - The company's current assets totaled CNY 3,809,044,038.53, down from CNY 4,075,596,093.21, indicating a decrease of about 6.5%[13] - The cash and cash equivalents decreased to CNY 986,636,968.72 from CNY 1,132,445,284.20, reflecting a decline of approximately 12.9%[13] - Total liabilities increased to ¥5,070,028,894.99 in 2025 from ¥4,698,794,462.01 in 2024, representing a growth of 7.9%[18] - Total equity rose to ¥4,365,524,467.36 in 2025, compared to ¥3,934,811,928.27 in 2024, indicating an increase of 11%[18] Shareholder Information - The company reported a total of 19,132 common shareholders at the end of the reporting period[11] - The largest shareholder, Nantong Industrial Holding Group Co., Ltd., holds 28.96% of the shares[11] - The company has not reported any significant changes in shareholder structure or financing activities during the reporting period[12] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥133,673,533.29, slightly down from ¥137,717,979.64 in 2024[16] Non-Recurring Gains and Losses - The company recognized a total of ¥28,653,904.83 in non-recurring gains and losses during the reporting period[7]

每经AI快讯，10月27日，江山股份(600389.SH)发布2025年第三季度报告，第三季度营收为11.57亿元， 同比增长2.75%；净利润为8672.53万元，同比增长11890.01%。前三季度营收为45.16亿元，同比增长 5.20%；归属于上市公司股东的净利润为4.25亿元，同比增长147.91%。业绩大幅增长主要系部分产品销 售量增加、成本下降导致毛利上升，以及出售江天股票确认投资收益所致。 ...

Core Insights - Jiangshan Co., Ltd. reported third-quarter revenue of 1.157 billion yuan, representing a year-on-year increase of 2.75% [1] - The net profit for the third quarter was 86.7253 million yuan, showing a significant year-on-year growth of 11,890.01% [1] - For the first three quarters, the total revenue reached 4.516 billion yuan, reflecting a year-on-year increase of 5.20% [1] - The net profit for the first three quarters amounted to 425 million yuan, marking a substantial year-on-year increase of 147.91% [1]

Group 1 - The core viewpoint of the article is that the "One Certificate, One Product" policy introduced by the Ministry of Agriculture and Rural Affairs is beneficial for regulating the pesticide market and protecting the interests of growers, which is overall favorable for the company's pesticide business [1] - The company has a rich reserve of pesticide formulation products and new product certification resources, making the implementation of the "One Certificate, One Product" policy advantageous for the sustainable and healthy growth of its business [1]

Group 1 - The glyphosate concept sector rose by 1.92%, ranking fifth among concept sectors, with 15 stocks increasing in value, led by Jiangshan Co., AnDowMai A, and Hongtaiyang, which rose by 6.34%, 3.97%, and 3.92% respectively [1] - The main funds in the glyphosate concept sector experienced a net outflow of 185 million yuan, with nine stocks seeing net inflows, the highest being Xin'an Co. with a net inflow of 28.9 million yuan [2] - The net inflow ratios for leading stocks in the glyphosate concept included Xin'an Co. at 11.20%, Guoguang Co. at 10.47%, and Jiangtian Chemical at 3.97% [3] Group 2 - The top gainers in the glyphosate concept included Xin'an Co. with a 1.21% increase, Xingfa Group with a 2.18% increase, and Jiangtian Chemical with a 3.37% increase [3] - Stocks with significant net outflows included Hebang Bio, which fell by 1.75% with a net outflow of 24.54 million yuan, and Jiangshan Co., which rose by 6.34% but had a negative net flow of 145.26 million yuan [4]

Core Viewpoint - The company has confirmed that its nano-alumina products can be applied in various fields, including coatings, inks, catalysts, and lithium batteries, but currently, they have not been used in solid-state lithium battery products [1] Group 1 - The company responded to an investor inquiry regarding the application of its nano-alumina materials in solid-state lithium battery products [1] - The revenue contribution from nano-alumina products is relatively small at present [1] - The company has not yet implemented its nano-alumina products in solid-state lithium battery applications [1]

Core Insights - The agricultural chemical sector saw a rise of 0.92% on October 10, with Chengxing Co. leading the gains [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Agricultural Chemical Sector Performance - Chengxing Co. (600078) closed at 8.20, up 10.07% with a trading volume of 199,000 shares and a transaction value of 162 million [1] - Liming Co. (002734) closed at 19.30, up 7.04% with a trading volume of 585,100 shares and a transaction value of 1.118 billion [1] - Jiangshan Co. (600389) closed at 26.85, up 6.34% with a trading volume of 144,100 shares and a transaction value of 383 million [1] - Other notable performers include Baiao Chemical (603360) up 4.01% and Ando A (000553) up 3.97% [1] Capital Flow Analysis - The agricultural chemical sector experienced a net outflow of 704 million from institutional investors, while retail investors saw a net inflow of 545 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors are more active [2] Individual Stock Capital Flow - Baiao Chemical (603360) had a net inflow of 56.77 million from institutional investors, but a net outflow of 33.15 million from retail investors [3] - Chengxing Co. (600078) recorded a net inflow of 8.06 million from institutional investors, with retail investors showing a slight outflow [3] - Other companies like Xin'an Co. (600596) and Yun Tu Holdings (002539) also showed varied capital flows, indicating differing investor sentiments across the sector [3]

Core Viewpoint - The company announced a cash dividend distribution of 0.45 CNY per share for the first half of 2025, approved by the shareholders' meeting on September 11, 2025 [2][4]. Dividend Distribution Details - The total cash dividend distribution amounts to 193,792,500 CNY based on a total share capital of 430,650,000 shares [4]. - The dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the day before the dividend record date [3]. Implementation Method - The cash dividends for unrestricted circulating shares will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited [5]. - Shareholders who have completed designated transactions can receive their cash dividends on the payment date at their designated securities firms [5]. Taxation Information - For individual shareholders holding unrestricted circulating shares for over one year, the cash dividend is exempt from personal income tax, resulting in a net distribution of 0.45 CNY per share [10]. - For shares held for one year or less, the tax will be calculated based on the holding period, with a maximum tax rate of 20% for shares held for one month or less [10]. - For qualified foreign institutional investors (QFII), a 10% corporate income tax will be withheld, resulting in a net distribution of 0.405 CNY per share [12]. Shareholder Reduction Announcement - As of the announcement date, Sichuan Leshan Fuhua Crop Protection Technology Investment Co., Ltd. holds 20,906,403 shares, representing 4.85% of the company's total share capital [14]. - The company disclosed a share reduction plan on June 10, 2025, allowing Fuhua Technology to reduce its holdings by up to 12,919,500 shares [14]. - As of the announcement date, Fuhua Technology has reduced its holdings by 4,306,500 shares, or 1.00% of the total share capital, with 8,613,000 shares remaining to be reduced [14].