Group 1 - The A-share chemical sector experienced a strong rebound on September 8, with notable stocks such as Jinjing Technology hitting the daily limit up [1] - Dayang Biological surged over 5%, while Jiangshan Co., Lier Chemical, and Yangnong Chemical also saw increases [1]

Core Viewpoint - Jiangtian Chemical (300927.SZ) announced that its shareholder Nantong Jiangshan Pesticide Chemical Co., Ltd. (referred to as "Jiangshan Co., Ltd." (600389)) plans to reduce its holdings in the company by a total of no more than 4.3308 million shares, accounting for 3.00% of the company's total share capital, through centralized bidding or block trading from September 29, 2025, to December 28, 2025 [1] Summary by Category - Shareholder Reduction Plan - Jiangshan Co., Ltd. intends to reduce its stake in Jiangtian Chemical by up to 4.3308 million shares [1] - This reduction represents 3.00% of Jiangtian Chemical's total share capital [1] - The planned reduction will occur between September 29, 2025, and December 28, 2025 [1]

Group 1 - The core point of the article is that Jiangtian Chemical (300927.SZ) announced that its shareholder Nantong Jiangshan Pesticide Chemical Co., Ltd. plans to reduce its holdings in the company by up to 4.3308 million shares, which represents 3.00% of the total share capital, through centralized bidding or block trading between September 29, 2025, and December 28, 2025 [1]

Group 1 - The major shareholder Jiangshan Co., Ltd. plans to reduce its stake in Nantong Jiangtian Chemical, holding 12.02% of the shares, by selling up to 433.08 million shares, which is 3% of the total share capital, within three months from September 29, 2025, to December 28, 2025 [1] - The reduction will occur through centralized bidding or block trading, with a maximum of 144.36 million shares (1% of total shares) through centralized bidding and 288.72 million shares (2% of total shares) through block trading [1] - Jiangshan Co. stated that the reason for the reduction is due to its own funding needs, with shares acquired before the IPO and through capital reserve conversion [1] Group 2 - Jiangshan Co. is compliant with regulations and has not violated any commitments made during the IPO process, ensuring that the planned reduction aligns with previous intentions [2] - The implementation of the reduction plan is uncertain and will depend on market conditions and stock price, but it will not change the control structure of Nantong Jiangtian Chemical as Jiangshan Co. is not the controlling shareholder [3] - The market's reaction to this major shareholder reduction and the subsequent stock price movement of Nantong Jiangtian Chemical will be closely monitored [3]

Core Viewpoint - The major shareholder, Nantong Jiangshan Pesticide Chemical Co., Ltd., plans to reduce its holdings in Jiangtian Chemical by up to 4,330,800 shares, representing 3% of the total share capital, through centralized bidding or block trading from September 29, 2025, to December 28, 2025 [1][2]. Shareholder Information - The shareholder involved in the reduction is Nantong Jiangshan Pesticide Chemical Co., Ltd., which currently holds more than 5% of Jiangtian Chemical's shares [1][2]. Details of the Reduction Plan - The reduction plan includes selling up to 4,330,800 shares, with a maximum of 1,443,600 shares through centralized bidding and 2,887,200 shares through block trading. The total number of shares sold in any 90-day period cannot exceed 1% of the total shares [2][3]. - The reduction period is set from September 29, 2025, to December 28, 2025, and the number of shares may be adjusted in case of corporate actions such as dividends or stock splits [2][4]. Compliance with Previous Commitments - The shareholder has adhered to previous commitments made during the initial public offering, which included a lock-up period of 12 months during which no shares would be transferred or managed by others [3][5]. - The shareholder's current reduction plan aligns with previously disclosed intentions and commitments [5].

Core Viewpoint - Jiangtian Chemical announced that its major shareholder, Jiangshan Co., holds 17.3592 million shares, accounting for 12.02% of the company, and plans to reduce its holdings by up to 4.3308 million shares, representing 3.00% of the total shares, between September 29, 2025, and December 28, 2025 [1] Summary by Relevant Sections - Shareholder Information - Jiangshan Co. holds 17.3592 million shares of Jiangtian Chemical, which is 12.02% of the total shares [1] - Reduction Plan - The planned reduction will occur from September 29, 2025, to December 28, 2025, with a maximum of 4.3308 million shares to be sold [1] - The reduction will be executed through centralized bidding or block trading, with no more than 1.4436 million shares through centralized bidding and no more than 2.8872 million shares through block trading [1] - Pricing Conditions - The shares will be sold at a price not lower than the company's initial public offering price [1]

Group 1 - The company achieved a revenue of 3.36 billion yuan in the first half of 2025, representing a year-on-year growth of 6.07%, while the net profit attributable to shareholders reached 338 million yuan, up 98.18% year-on-year [1] - The company's strategic focus is on a "3+1" industry structure consisting of pesticides, new materials, formulations, and chlor-alkali thermal power, aiming for specialization, differentiation, and branding [1] - The company has implemented systematic cost reduction and efficiency enhancement measures, alongside strategic project advancements and refined operational management to improve profitability and sustainable development [1] Group 2 - The global agrochemical market is showing signs of recovery, with the pesticide industry at a critical juncture of destocking and demand rebound, while some raw material prices are beginning to recover [2] - The company is concentrating resources to expedite the production and effectiveness of various base projects to create new profit growth points amidst a challenging operating environment [2] - Key projects such as the benzoylpyrazole project in the Zhijiang base and the isopropyl methylcarbamate project have entered trial production stages, with several other projects progressing towards trial production by the end of the year [2] Group 3 - The company's proactive measures in product structure adjustment, cost control, and market expansion have allowed it to stand out in a competitive market [3] - The refined cost control model adopted by the company is suitable for promotion in the highly competitive and cost-sensitive agrochemical sector, focusing on optimizing production processes and reducing raw material costs [3]

Core Viewpoint - Nantong Jiangshan Pesticide Chemical Co., Ltd. is holding a shareholders' meeting to discuss key proposals including a cash dividend distribution and an expansion of its business scope [1][4]. Group 1: Shareholders' Meeting Details - The shareholders' meeting is scheduled for September 11, 2025, at 2:00 PM, and will be held in the company's conference room [2]. - The agenda includes the announcement of the meeting's start, the report on the number of attending shareholders, voting on proposals, and the reading of the meeting resolutions [2][6]. Group 2: Dividend Distribution Proposal - As of June 30, 2025, the company's undistributed profits amount to RMB 2,211,461,512.59, which is unaudited [3]. - The proposed cash dividend is RMB 0.45 per share (before tax), translating to a total dividend payout of 57.25% based on the total share capital of 430,650,000 shares [3][4]. Group 3: Business Scope Expansion - The company plans to expand its business scope to include "ship port services," in addition to its existing operations in chemical pesticides, organic and inorganic chemicals, and other related products [4][5]. - The revision of the company's articles of association will reflect this change, allowing for adjustments based on market conditions and business development needs [5][6].

南通江山农药化工股份有限公司 （股票代码 600389） 2025 年第三次临时股东会会议资料 2025 年第三次临时股东会会议资料 参会须知 为维护投资者的合法权益，确保股东会的正常秩序和议事效率，根据《公司 法》《证券法》《公司章程》和《股东会议事规则》的相关规定，特制定如下参会 须知，望出席股东会的全体人员严格遵守。 1、为能及时统计出席会议的股东（股东代理人）所代表的持股总数，做好 会务接待工作，希望拟参加本次股东会现场会议的各位股东配合公司做好提前登 记工作，并请登记出席股东会的各位股东准时出席会议。 2、为保证股东会的严肃性和正常秩序，切实维护与会股东（或股东代理人） 的合法权益，除出席会议的股东（或股东代理人）、公司董事、监事、董事会秘 书、高级管理人员、公司聘任律师及董事会邀请的人员外，公司有权依法拒绝其 他人员进入会场。 2025 年第三次临时股东会会议资料 南通江山农药化工股份有限公司 2025 年第三次临时股东会议程 3、股东参加股东会，依法享有发言权、表决权等各项权利，并履行法定义 务和遵守有关规则。对于干扰股东会秩序和侵犯其他股东合法权益的，将报告有 关部门处理。 4、股东会召开期间 ...

Market Overview - The agricultural chemical sector experienced a decline of 2.2% on September 2, with Sierte leading the drop [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Stock Performance - Notable gainers in the agricultural chemical sector included: - Yingtai Biological: Closed at 4.62, up 3.59% with a trading volume of 411,100 shares and a turnover of 188 million [1] - New Agricultural Shares: Closed at 19.88, up 3.11% with a trading volume of 111,800 shares and a turnover of 225 million [1] - Taihe Shares: Closed at 32.07, up 2.66% with a trading volume of 98,100 shares and a turnover of 313 million [1] - Major decliners included: - Sierte: Closed at 5.03, down 7.71% with a trading volume of 714,700 shares and a turnover of 361 million [2] - Xin'an Shares: Closed at 10.71, down 5.56% with a trading volume of 636,200 shares and a turnover of 689 million [2] - Lianhua Technology: Closed at 11.33, down 5.19% with a trading volume of 858,800 shares and a turnover of 989 million [2] Capital Flow - The agricultural chemical sector saw a net outflow of 973 million from institutional investors, while retail investors contributed a net inflow of 728 million [2][3] - Key stocks with significant capital flow included: - Xin'an Shares: Institutional net inflow of 31.48 million, retail net outflow of 37.07 million [3] - New Agricultural Shares: Institutional net inflow of 29.05 million, retail net outflow of 19.80 million [3] - Hong Sifang: Institutional net inflow of 24.48 million, retail net outflow of 29.65 million [3]