Core Viewpoint - Jiangshan Agrochemical and Chemical Co., Ltd. reported a significant increase in revenue and net profit for the first half of 2025, indicating strong operational performance despite challenges in the agricultural chemical industry [1][4]. Financial Performance - The company achieved a revenue of CNY 3.36 billion, a year-on-year increase of 6.07% [2][11]. - The total profit reached CNY 419.06 million, up 92.81% compared to the previous year [2][11]. - Net profit attributable to shareholders was CNY 338.48 million, reflecting a 98.18% increase year-on-year [2][11]. - The basic earnings per share rose to CNY 0.79, a 97.50% increase from the previous year [3][11]. - The company's net assets amounted to CNY 4.01 billion, a 7.87% increase from the end of the previous year [2][11]. Business Overview - The company primarily engages in the research, production, and sales of pesticides, chemical products, and steam from cogeneration [4][8]. - Key products include glyphosate, herbicides, and various chemical intermediates [4][8]. - The company operates under an integrated model of research, production, supply, and sales, with a focus on technological innovation and quality improvement [4][8]. Industry Context - The global agricultural chemical market is experiencing a recovery, with demand for pesticides increasing amid a backdrop of geopolitical tensions and fluctuating oil prices [4][8]. - The Chinese pesticide industry is currently facing overcapacity, leading to low profits and intense competition [4][8]. - Regulatory changes are expected to impact the market, with new labeling requirements set to take effect in 2026, potentially eliminating low-quality products [4][8]. Strategic Initiatives - The company is focusing on sustainable development and enhancing its competitive edge through technological advancements and market expansion [4][5]. - Ongoing projects include the trial production of new products and the establishment of a cogeneration facility [5][6]. - The company is also enhancing its talent acquisition strategy to fill key positions and improve overall workforce quality [6][9]. Risk Management - The company emphasizes safety and environmental management, achieving a "green" credit rating and implementing measures to reduce waste generation [4][10]. - A comprehensive internal control system is in place to mitigate operational risks and ensure compliance with regulations [10][11].

Core Points - The company plans to distribute a cash dividend of 4.50 yuan (including tax) for every 10 shares to all shareholders, amounting to a total of 193,792,500 yuan, which represents 57.25% of the net profit attributable to shareholders as of June 30, 2025 [1] Group 1: Financial Performance - Total assets increased by 3.77% from the previous year, reaching 8,959,450,738.43 yuan [2] - Operating revenue for the period was 3,359,091,481.62 yuan, reflecting a growth of 6.07% compared to the same period last year [2] - Total profit surged by 92.81% to 419,058,407.90 yuan [2] - Net profit attributable to shareholders increased by 73.19% to 276,982,344.36 yuan [2] - The net cash flow from operating activities was reported, but specific figures were not provided [2] Group 2: Shareholder Information - The total number of shareholders as of the report date was 21,035 [3] - The largest shareholder, Nantong Industrial Holdings Group Co., Ltd., holds 28.96% of the shares, totaling 124,728,141 shares [3] - Other significant shareholders include Sichuan Leshan Fuhua Crop Protection Technology Investment Co., Ltd. with 5.85% and various social security funds with smaller stakes [3]

Core Viewpoint - The company plans to distribute a cash dividend of 0.45 RMB per share (including tax) based on the total share capital registered on the dividend distribution date, reflecting a payout ratio of 57.25% as of June 30, 2025 [1][3]. Summary by Sections Profit Distribution Plan - As of June 30, 2025, the company's undistributed profits amount to 2,211,461,512.59 RMB, which is unaudited [1]. - The profit distribution plan will be based on the total share capital registered on the dividend distribution date, with a proposed cash dividend of 0.45 RMB per share [1][2]. - If there are changes in the total share capital before the dividend distribution date, the per-share distribution ratio will remain unchanged, but the total distribution amount will be adjusted accordingly [2]. Decision-Making Process - The company's Audit Committee held a meeting on August 22, 2025, to review and approve the profit distribution proposal, ensuring it aligns with the company's operational status and future development plans [2][3]. - The Board of Directors also convened on August 22, 2025, to approve the profit distribution proposal, which considers both immediate and long-term shareholder interests [3].

Group 1 - The board of directors of Jiangshan Chemical Co., Ltd. held its 21st meeting of the 9th session on August 22, 2025, with all 9 directors participating in the voting [1][2] - The board approved the company's 2025 semi-annual report and summary, which was previously reviewed by the audit committee [1][2] - The board also approved the 2025 semi-annual profit distribution plan, which will be submitted to the shareholders' meeting for further review [2] - The board approved a proposal to expand the business scope and amend the company's articles of association, which will also be submitted to the shareholders' meeting [2] - A proposal to convene the third extraordinary shareholders' meeting of 2025 was approved by the board [2]

（记者 胡玲） 每经AI快讯，江山股份（SH 600389，收盘价：24.22元）8月25日晚间发布公告称，公司第九届第二十 一次董事会会议于2025年8月22日以现场结合通讯表决的方式召开。会议审议了《公司2025年半年度利 润分配预案》等文件。 2025年1至6月份，江山股份的营业收入构成为：农药占比61.85%，化工占比14.05%，新材料占比 13.95%，热电占比9.4%，其他业务占比0.74%。 截至发稿，江山股份市值为104亿元。 每经头条（nbdtoutiao）——租下2.5万亩"试验田"，兽医学博士在非洲种粮：首季亩产250斤，打算扩至 10万亩，月薪1~2万元招人 ...

Core Insights - Jiangshan Co., Ltd. (600389.SH) reported a revenue of 3.359 billion yuan for the first half of 2025, representing a year-on-year increase of 6.07% [1] - The net profit attributable to shareholders of the listed company reached 338 million yuan, showing a significant year-on-year growth of 98.18% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 277 million yuan, reflecting a year-on-year increase of 73.19% [1] - The basic earnings per share stood at 0.79 yuan [1]

证券代码：600389 证券简称：江山股份 公告编号：临 2025—046 南通江山农药化工股份有限公司 关于增加经营范围暨修订《公司章程》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 2025 年 8 月 22 日 召开了第九届董事会第二十一次会议，审议通过了《关于增加经营范围暨修订< 公司章程>的议案》，具体如下： 一、增加经营范围情况 根据公司实际经营情况，拟在公司经营范围内增加"船舶港口服务"，具体 如下： 变更前公司经营范围是：化学农药、有机化学品、无机化学品、高分子聚合 物、纳米材料、耐火绝热产品制造、加工、销售（国家有专项规定的办理审批手 续后经营）。经营本企业自产产品及相关技术的出口业务；经营本企业生产、科 研所需的原辅材料、机械设备、仪器仪表、零配件及相关技术的进口业务；经营 本企业的进料加工和"三来一补"业务。化学技术咨询服务。工业盐的零售。在 港区内从事货物装卸、仓储经营。非居住房地产租赁。煤炭及制品销售。 变更后公司经营范围是：化学农药、有机 ...

南通江山农药化工股份有限公司（以下简称"公司"）已于 2025 年 8 月 26 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 9 月 3 日下午 14:00-15:00 举行 2025 年半年度业绩说明会，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 年半年度的经营成 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。 证券代码：600389 证券简称：江山股份 公告编号：临 2025-048 南通江山农药化工股份有限公司 关于召开 2025 年半年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： 二、 说明会召开的时间、地点 1 会议召开时间：2025 年 9 月 3 日(星期三) 下午 14:00-15:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roads ...

南通江山农药化工股份有限公司 2025 年半年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：第十三 号—化工》、《关于做好主板上市公司 2025 年半年度报告披露工作的重要提醒》 的要求，南通江山农药化工股份有限公司（以下简称"公司"）现将 2025 年半年 度主要经营数据披露如下： 注 1：上述产量含自用量、农药按含量折原药计算（下同）。 注 2：除草剂产品包括草甘膦、酰胺类等产品；杀虫剂产品包括敌百虫、敌敌畏、二嗪 磷等产品；氯碱产品包括烧碱、盐酸、液氯、次氯酸钠等产品，其中烧碱产销量 按 32%、48%烧碱实物量计算（下同）。 证券代码：600389 证券简称：江山股份 公告编号：临 2025-044 注 3：阻燃剂（磷系）产品包含 TCPP、BDP 产品（下同）。 | 主要产品 | 2025 | 年 | 1-6 月平 | 2024 月平 | 年 | 1-6 | 同期变动 | 第二季度环比 | | --- | --- | --- | - ...

证券代码：600389 证券简称：江山股份 公告编号：临 2025-047 南通江山农药化工股份有限公司 关于召开2025年第三次临时股东会的通知 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： 一、 召开会议的基本情况 (一)股东会类型和届次 2025年第三次临时股东会 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运 作》等有关规定执行。 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 11 ...