公司在披露业绩预告时已考虑到公司被认定为高新技术企业后享受到的优 惠政策，因此该事项不会对公司已披露的 2025 年业绩预告的主要财务数据产生 影响。 证券代码：600389 证券简称：江山股份 公告编号：临 2026—007 南通江山农药化工股份有限公司 关于公司通过高新技术企业重新认定的公告 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。 南通江山农药化工股份有限公司（以下简称"公司"）于近日收到江苏省科 学技术厅、江苏省财政厅、国家税务总局江苏省税务局联合颁发的《高新技术企 业证书》，证书编号为 GR202532001301,发证时间为 2025 年 11 月 18 日，有效期 为三年。 公司本次高新技术企业认定是原高新技术企业证书有效期满后进行的重新 认定。根据《中华人民共和国企业所得税法》等相关规定，公司自通过国家高新 技术企业认定后三年内（2025 年至 2027 年）继续享受国家关于高新技术企业的 相关优惠政策，即按 15%的税率缴纳企业所得税。 特此公告。 南通江山农药化工股份有限公司董事会 2026 年 1 ...

Summary of Conference Call on Chemical and Building Materials Industry Industry Overview - The conference focused on the chemical and building materials industry, emphasizing the investment opportunities in midstream leading companies despite market adjustments [1][2]. Key Points and Arguments 1. **Investment Strategy**: The company remains committed to recommending core midstream leading stocks, especially in the chemical sector, as they believe these stocks will perform well even during market adjustments [1]. 2. **Price Trends**: Some chemical products are experiencing price increases, but the current market is more about capital allocation rather than a price-driven rally [2]. 3. **Global Demand**: The demand for chemicals is increasingly global and diversified, making it a more stable investment compared to real estate, which has uncertain demand [2]. 4. **Supply Dynamics**: There has been a significant exit of overseas production capacity, particularly in Europe due to high energy prices and increased labor costs, which has strengthened domestic companies' confidence [2]. 5. **Capital Expenditure Trends**: Domestic capital expenditure in the basic chemical sector is expected to decline by approximately 16% year-on-year in 2024, with a smaller decline of 5-6% in the first three quarters of 2025, indicating a downward trend [3]. 6. **Government Policies**: The government's focus on "anti-involution" reflects an awareness of low product prices, which may lead to adjustments in operating rates to balance supply and demand [3][4]. 7. **Carbon Neutrality Initiatives**: The upcoming carbon neutrality policies will significantly impact the chemical industry, with expectations for peak carbon emissions by 2030, which will drive changes in production practices [5]. 8. **Market Recovery**: The chemical market is expected to recover as supply contracts and demand stabilizes, with a focus on leading companies that dominate domestic production [6][7]. 9. **Stock Recommendations**: Specific companies such as Wanhua, Hualu, and others in the polyester and organic silicon sectors are highlighted for their potential growth in production capacity and profitability [8][9]. 10. **Profitability Projections**: The profitability of leading companies is projected to improve significantly, with expectations that earnings could return to historical midpoints, even if product prices do not reach previous highs [10][11]. 11. **Valuation Metrics**: Current valuations for leading companies are considered attractive, with expected price-to-earnings ratios around 15-17 times under neutral performance expectations [28]. Additional Important Insights - **Sector Performance**: The chemical sector has underperformed for several years, contrasting with the metals sector, which has seen price increases [6]. - **Investment Timing**: The timing of investments in leading companies is crucial, as they are expected to benefit from market recovery and improved pricing power [27]. - **Emerging Opportunities**: There are emerging opportunities in agricultural chemicals, particularly in phosphate and potash sectors, which are expected to see volume growth despite price stability [13][31]. - **Regulatory Changes**: Recent regulatory changes regarding PVC production may lead to increased capital expenditures and potential industry consolidation, optimizing supply-demand dynamics [14]. This summary encapsulates the key discussions and insights from the conference call, providing a comprehensive overview of the current state and future outlook of the chemical and building materials industry.

Summary of the Conference Call Record Company Overview - The document pertains to Jiangshan Co., Ltd., a company in the basic chemical industry. Key Financial Projections - The company forecasts a net profit attributable to non-recurring gains and losses for the year 2025 to be between 326 million to 426 million yuan, representing a year-on-year growth of 63.26% to 113.34% [1] - It is anticipated that non-recurring gains and losses will impact the current net profit by approximately 154 million yuan, primarily due to the company's reduction of Jiangtian Chemical stock in the secondary market [1] Strategic Adjustments - In response to changes in the competitive market environment, the company is continuously adjusting and optimizing its product structure [1] - There is an emphasis on increasing sales scale for key products and regions, as well as enhancing the proportion of high-margin products [1] - The company is also focused on lean cost management to improve product competitiveness, effectively buffering against market price declines, and supporting overall profit growth [1]

证券代码：600389 证券简称：江山股份 公告编号：临2026一006 南通江山农药化工股份有限公司 2025年年度业绩预增公告 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、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日(以下简称"报告期")。 （二）业绩预告情况 1、经财务部门初步测算，预计2025年度实现归属于上市公司股东的净利润为48,000万元到58,000万元， 与上年同期相比增加25,560.09万元到35,560.09万元，同比增长113.90%到158.47%。 重要内容提示: ● 本期业绩预告的具体适用情形：实现盈利，且净利润与上年同期相比上升50%以上的情形。 ● 南通江山农药化工股份有限公司（以下简称"公司"）预计2025年年度实现归属于上市公司股东的净利 润为48,000万元到58,000万元，与上年同期相比增加25,560.09万元到35,560.09万元，同比增长113.90% 到158.47%。 ● 预计公司2025年度实现归属于上市公司股东的扣除非经常 ...

Core Viewpoint - Jiangshan Co., Ltd. (600389.SH) expects a significant increase in net profit for the year 2025, projecting a range of 48 million to 58 million yuan, which represents a year-on-year increase of 25.56 million to 35.56 million yuan, equating to a growth rate of 113.90% to 158.47% [1] Group 1 - The company is adjusting and optimizing its product structure in response to changes in the competitive market environment [1] - Jiangshan Co. is focusing on increasing sales scale in key products and regions while enhancing the proportion of high-margin products [1] - The company is implementing lean cost management to improve product competitiveness, effectively mitigating the pressure from market price declines [1]

报告期内，公司面对市场竞争环境变化，持续调整和优化产品结构，加大重点产品、重点区域的销售规 模，提升高毛利产品占比，同时持续推进精益化成本管控，提升公司产品竞争力，有效缓冲市场价格下 行压力，为整体盈利增长提供支撑。 格隆汇1月28日丨江山股份(600389.SH)公布，预计2025年年度实现归属于上市公司股东的净利润为 48,000万元到58,000万元，同比增长113.90%到158.47%。预计公司2025年度实现归属于上市公司股东的 扣除非经常性损益的净利润为32,600万元到42,600万元，同比增长63.26%到113.34%。 ...

重要内容提示: 证券代码：600389 证券简称：江山股份 公告编号：临 2026—006 南通江山农药化工股份有限公司 2025年年度业绩预增公告 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、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日(以下简称"报告期")。 （二）业绩预告情况 1、经财务部门初步测算，预计 2025 年度实现归属于上市公司股东的净利润 为48,000万元到58,000万元，与上年同期相比增加 25,560.09万元到35,560.09 万元，同比增长 113.90%到 158.47%。 2、公司预计 2025 年度实现归属于上市公司股东的扣除非经常性损益的净利 润为 32,600 万元到 42,600 万元，与上年同期相比增加 12,631.87 万元到 22,631.87 万元，同比增长 63.26%到 113.34%。 （三）本次业绩预计数据未经注册会计师审计。 本期业绩预告的具体适用情形：实现盈利，且净利润与上年同期相比上 升 50% ...

每经AI快讯，1月28日，江山股份（600389）(600389.SH)公告称，预计2025年归属于上市公司股东的净 利润为4.80亿元至5.80亿元，同比增长113.90%至158.47%。业绩增长主要因公司持续优化产品结构、扩 大高毛利产品销售规模，并推进精益化成本管控，有效缓冲市场价格下行压力；同时非经常性损益约 1.54亿元，主要系减持江天化学（300927）股票所致。 ...

南财智讯1月28日电，江山股份公告，预计2025年全年归属于上市公司股东的净利润为4.80亿元—5.80亿 元，同比预增113.90%—158.47%；预计2025年全年归属于上市公司股东的扣除非经常性损益的净利润 为3.26亿元—4.26亿元，同比预增63.26%—113.34%；主要变动原因为：（一）主营业务影响：报告期 内，公司面对市场竞争环境变化，持续调整和优化产品结构，加大重点产品、重点区域的销售规模，提 升高毛利产品占比，同时持续推进精益化成本管控，提升公司产品竞争力，有效缓冲市场价格下行压 力，为整体盈利增长提供支撑。（二）非经常性损益的影响：报告期内，预计非经常性损益对当期净利 润影响约为1.54亿元，主要为公司通过二级市场减持江天化学股票所致。 ...

南通江山农药化工股份有限公司预计2025年年度实现归属于上市公司股东的净利润为48,000万元到 58,000万元，与上年同期相比增加25,560.09万元到35,560.09万元，同比增长113.90%到158.47%。预计公 司2025年度实现归属于上市公司股东的扣除非经常性损益的净利润为32,600万元到42,600万元，同比增 长63.26%到113.34%。 ...