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。 唐山三友化工股份有限公司（以下简称"公司"）于近日收到中国 证券监督管理委员会于 2025 年 7 月 15 日出具的《关于同意唐山三友 化工股份有限公司向专业投资者公开发行科技创新公司债券注册的 批复》（证监许可[2025] 1462 号），就公司公开发行科技创新公司债 券事项批复如下： 证券代码：600409 证券简称：三友化工 公告编号：临 2025-032 号 唐山三友化工股份有限公司 关于向专业投资者公开发行科技创新公司债券 获得中国证监会注册批复的公告 四、自同意注册之日起至本次科技创新公司债券发行结束前，公 司如发生重大事项，应及时报告并按有关规定处理。 公司将按照有关法律法规和批复文件的要求及公司股东大会的 授权，办理本次科技创新公司债券发行的相关事宜，并及时履行信息 披露义务。 特此公告。 唐山三友化工股份有限公司 2025 年 7 月 22 日 一、同意公司向专业投资者公开发行面值总额不超过 9 亿元科技 创新公司债券的注册申请。 二、本次发行科技创新公司债券 ...

1. Report Industry Investment Rating - Not provided in the doc 2. Core Views 2.1纯碱市场 - 检修带动短期产量偏低但后续将提升，计划内检修较少；国外价格到国内暂无优势，进口窗口未开，国内价格低位出口较好；终端备货充足，需求有回落预期，库存压力难解；市场正反馈情绪回落后维持偏空思路，短期防范风险观望为主 [7][9] 2.2玻璃市场 - 部分前期点火产线等待出品，供应端存政策端利多导向但暂未落地；近周末市场氛围受盘面走强提振，观察梅雨季后市场情绪变化；需求情绪走强库存下行；低位多单持有思路，情绪转弱则灵活离场 [153][155] 3. Summary by Directory 3.1纯碱市场 3.1.1市场综述 - 当期总产量70.89万吨，环比持平，预计后续提升；重质产量40.01万吨，环比增0.43万吨；轻质产量30.88万吨，环比降0.43万吨；进口0.03万吨，环比持平；出口4.1万吨，环比持平；浮法玻璃日熔量158425t/d，环比增650t/d；光伏玻璃日熔量91400t/d，环比降600t/d；重碱消费量33.70万吨，环比增0.02万吨；轻碱表需29.57万吨，环比增0.88万吨；纯碱表需65.50万吨，环比降1.13万吨；碱厂库存186.34万吨，环比增5.39万吨；社会库存23.80万吨，环比增1.00万吨；样本终端原料天数23.36天，环比增1.54天；氨碱法成本1281元，环比持平；氨碱法利润 -81元，环比增40元；联碱法成本1142元，环比降8元；联碱法利润8元，环比增48元；华中重碱 - 轻碱价差0元，环比持平；沙河市场价基差 -75元，环比降48元 [7] 3.1.2月度供需 - 展示了2020 - 2025年各月纯碱当月产量、进口量、表观需求量、出口量数据 [15][17][18][20] 3.1.3基差价差 - 展示了纯碱和玻璃期现货价格对照、纯碱合约基差、跨期价差、玻璃 - 纯碱合约/现货价差数据 [24][25][26][27][29][31][32][34][35][36][38][39][40][41] 3.1.4市场价格 - 沙河区域重质纯碱当期价1207元，环比上周涨23元，环比去年降693元；轻重碱区域价格有不同变化；展示了各区域重质、轻质纯碱价格及价差数据 [44][48][68] 3.1.5供应 - 目前多家企业检修/降负荷，部分企业有计划检修；当期国内纯碱开工率81.32%，环比上周持平，环比去年降6.01%；周产量70.89万吨，环比上周持平，环比去年降1.91%；重质纯碱产量40.01万吨，环比上周增0.43万吨，环比去年降2.47万吨；轻质纯碱产量30.88万吨，环比上周降0.43万吨，环比去年增0.56万吨；重质化率56.44%，环比上周增0.61%，环比去年降1.91%；产销比92.40%，环比上周降1.59%，环比去年降18.59% [74][75] 3.1.6需求 - 展示了浮法、光伏玻璃在产日熔量、重质纯碱日耗量、周度需求、周度表观消费量、产销率及光伏玻璃价格数据 [122][124][126][128][130][131][134][135] 3.1.7库存 - 当期纯碱企业库存186.34万吨，环比增5.39万吨，环比去年增87.98万吨；轻质纯碱企业库存79.13万吨，环比降1.35万吨，环比去年增20.80万吨；重质纯碱企业库存107.21万吨，环比增6.74万吨，环比去年增67.18万吨；库存天数15.45天，环比增0.45天，环比去年增7.19天 [139] 3.1.8仓单数量/有效预报 - Not provided in the doc 3.1.9地产相关数据 - Not provided in the doc 3.2玻璃市场 3.2.1市场综述 - 当期浮法玻璃日熔量158425t/d，环比增650t/d；周产量110.90万吨，环比增0.45万吨；表观消费量120.81万吨，环比增9.71万吨；厂库库存335.51万吨，环比降9.92万吨；天然气线成本1408元，环比增8元；天然气线利润 -178元，环比降8元；煤制气线成本931元，环比增12元；煤制气线利润214元，环比降6元；石油焦线成本1051元，环比增8元；石油焦线利润19元，环比降8元；华东 - 华中价差160元，环比持平；沙河5mm大板基差 -79元，环比降47元 [153] 3.2.2月度供需 - 展示了2020 - 2025年平板玻璃当月产量、浮法玻璃当月进口量、当月产量同比、当月出口量数据 [160][162][163][165] 3.2.3基差价差 - 展示了纯碱和玻璃期现货价格对照、玻璃合约基差、跨期价差、玻璃 - 纯碱合约/现货价差数据 [169][170][171][172][174][175][176][178][180][181][183][184][185][186] 3.2.4市场价格 - 展示了浮法玻璃5mm区域价格，包括沙河、华北、华东等地区不同规格价格及环比情况；还展示了各区域浮法玻璃5mm市场价及沙河、湖北部分企业5mm大板含税价数据 [190][192][193][195][196][198][200][202][204][206][208][210][211][213][215][216][217][219][221][223] 3.2.5供应 - 当期浮法玻璃煤制气企业利润108.78元，环比增22.80元；石油焦企业利润 -50.47元，环比增34.29元；天然气企业利润 -183.11元，环比增5.57元 [227] 3.2.6需求 - Not provided separately in the doc 3.2.7库存 - 厂库库存335.51万吨，环比降9.92万吨，预计后续继续下降 [153]

Investment Rating - The report maintains a "Recommended" rating for the organic silicon industry, indicating a positive outlook for the sector [1]. Core Insights - Dow Chemical plans to close its basic siloxane plant in Barry, UK, by mid-2026 as part of its European asset optimization strategy, which will reduce siloxane production capacity by 145,000 tons per year, representing nearly one-third of Europe's total capacity [5]. - The closure is expected to enhance the pricing of organic silicon materials and improve the industry's overall profitability, while also creating significant opportunities for Chinese exporters to fill the supply gap left by the European exit [5]. - The report highlights a steady increase in industrial silicon prices, which supports the upward trend in organic silicon prices, with the average market price reaching 8,881 CNY per ton as of July 10, 2025, up 245 CNY from June 11, 2025 [6][7]. Summary by Sections Recent Trends - The organic silicon industry has shown a positive performance relative to the basic chemical sector and the CSI 300 index over the past year, with a 12-month increase of 17.4% for basic chemicals and 15.8% for CSI 300 [3]. Investment Highlights - The anticipated exit of major overseas producers from the market is expected to enhance the industry's outlook, with a notable increase in demand for organic silicon intermediates, which saw a 5.77% year-on-year increase in exports from China in the first five months of 2025 [5]. - The report emphasizes the importance of monitoring companies with organic silicon intermediate DMC production capacity, such as Xingfa Group, Luxi Chemical, Dongyue Silicon Materials, and others [8]. Key Companies and Earnings Forecast - The report provides earnings per share (EPS) forecasts for several key companies, indicating a positive growth trajectory for firms like Hoshine Silicon Industry and Xingfa Group, with projected EPS of 1.72 and 1.85 for 2025, respectively [8].

Group 1 - The company expects a net profit of approximately 0.73 billion yuan for the first half of 2025, representing a decrease of about 2.55 billion yuan or a 78% decline compared to the same period last year [1][2] - The net profit attributable to the parent company, excluding non-recurring gains and losses, is projected to be around 0.46 billion yuan, a decrease of approximately 2.79 billion yuan or an 86% decline year-on-year [2] - The decline in profit is primarily attributed to continuous price drops in the soda ash sector, high raw material prices, and weakened overall profitability, despite some improvements in other segments like chemical fiber, chlor-alkali, and organic silicon [2] Group 2 - The previous year's total profit was 593.45 million yuan, with a net profit attributable to the parent company of 327.65 million yuan, and a net profit excluding non-recurring gains and losses of 324.50 million yuan [2] - The earnings per share for the previous year were 0.1587 yuan [2]

[Summary of Performance Forecast](index=1&type=section&id=Key%20Content%20Highlights) Tangshan Sanyou Chemical announced a significant year-over-year decline in net profit attributable to shareholders and non-recurring net profit for H1 2025, primarily due to weakened profitability from unfavorable market conditions for its main products Key Performance Indicators Forecast | Metric | Change | | :--- | :--- | | **Net Profit Attributable to Shareholders** | Expected decrease of approximately CNY 255 million, down about 78% | | **Non-recurring Net Profit Attributable to Shareholders** | Expected decrease of approximately CNY 279 million, down about 86% | - The performance forecast applies to situations where profitability is achieved, but net profit declines by over **50%** compared to the prior year[2](index=2&type=chunk) [Details of Current Period Performance Forecast (H1 2025)](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company's finance department estimates H1 2025 net profit attributable to shareholders at approximately CNY 73 million and non-recurring net profit at approximately CNY 46 million, with these figures unaudited H1 2025 Performance Forecast Details | Item | Estimated Amount (H1 2025) | Year-over-Year Change | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Approx. CNY 73 million | Decrease of approx. CNY 255 million (-78%) | | **Non-recurring Net Profit Attributable to Shareholders** | Approx. CNY 46 million | Decrease of approx. CNY 279 million (-86%) | - The forecasted performance figures are unaudited by a certified public accountant[4](index=4&type=chunk) [Prior Period Performance Review (H1 2024)](index=2&type=section&id=II.%20Prior%20Period%20Operating%20Performance%20and%20Financial%20Status) In H1 2024, the company achieved net profit attributable to shareholders of CNY 328 million, non-recurring net profit of CNY 324 million, and basic earnings per share of CNY 0.1587, serving as the basis for current period comparisons H1 2024 Performance Overview | Item | Amount (H1 2024) | | :--- | :--- | | **Total Profit** | CNY 593.451 million | | **Net Profit Attributable to Shareholders** | CNY 327.6495 million | | **Non-recurring Net Profit Attributable to Shareholders** | CNY 324.4971 million | | **Earnings Per Share** | CNY 0.1587 | [Analysis of Performance Decline Reasons](index=2&type=section&id=III.%20Main%20Reasons%20for%20Current%20Period%20Performance%20Decline) The core reason for the significant performance decline is a deteriorating market environment, with main products facing insufficient downstream demand and exacerbated supply-demand imbalances, leading to continuous price drops and high raw material costs, primarily impacting the soda ash segment despite improvements in chemical fiber, chlor-alkali, and organic silicon sectors - Market Environment: Insufficient downstream demand and prominent supply-demand imbalances for main products led to continuous price declines[6](index=6&type=chunk) - Cost Pressure: Upstream raw material prices remained high, eroding the company's profitability[6](index=6&type=chunk) - Segment Performance Divergence: The soda ash segment was the primary source of profit reduction, while improvements in chemical fiber, chlor-alkali, and organic silicon segments were insufficient to offset its negative impact[6](index=6&type=chunk) [Risk Warning and Other Disclosures](index=2&type=section&id=IV.%20Risk%20Warning) The company explicitly states that the performance forecast data is a preliminary, unaudited financial estimate, which may differ from the final audited figures, and confirms no other significant uncertainties affecting accuracy, advising investors to refer to the final H1 2025 report and be aware of investment risks - Data Nature: The forecast data represents preliminary calculations and has not been audited by a certified public accountant[7](index=7&type=chunk) - Final Data: The specific and accurate financial data will be based on the company's officially disclosed H1 2025 semi-annual report[8](index=8&type=chunk) - The company declares no significant uncertainties exist that would affect the accuracy of this performance forecast[7](index=7&type=chunk)

Group 1 - The company expects to achieve a net profit attributable to shareholders of approximately 73 million yuan in the first half of 2025, a decrease of 255 million yuan, representing a decline of about 78% [1] - The company anticipates a net profit attributable to shareholders after deducting non-recurring gains and losses of around 46 million yuan, a year-on-year decrease of 279 million yuan, reflecting a decline of approximately 86% [1] - The main products of the company are facing insufficient downstream demand, with prominent supply-demand contradictions and continuous price declines, while raw material prices in the supply market remain at high levels, leading to a weakened overall profitability year-on-year [1]

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。 唐山三友化工股份有限公司（以下简称"公司"）于 2025 年 6 月 27 日收到副总经理刘宝东先生的书面辞职报告，刘宝东先生因已达到 公司规定的内部休岗年龄辞去公司副总经理职务。 二、高级管理人员离任对公司的影响 根据相关法律法规及《公司章程》的规定，刘宝东先生的辞职报 告自送达公司董事会之日起生效。刘宝东先生的辞职不会影响公司的 正常运作及经营管理，其已按照相关法律法规及公司有关制度做好工 作交接。截至本公告披露日，刘宝东先生未持有公司股份，不存在应 当履行的股份承诺。 证券代码：600409 证券简称：三友化工 公告编号：临 2025-030 号 唐山三友化工股份有限公司 关于公司高级管理人员离任的公告 公司董事会对刘宝东先生在任公司副总经理期间为公司发展所做 出的重要贡献表示衷心感谢。 特此公告。 唐山三友化工股份有限公司董事会 2025 年 6 月 28 日 姓名 离任职务 离任时间 原定任期到期日 离任原因 是否继续在 上市公司及 其控股子公 司任职 是否存在 未履行 ...

Core Viewpoint - The organic silicon market is experiencing a significant decline, with core product prices dropping sharply due to oversupply and weak demand, leading to widespread losses in the industry [1][2]. Group 1: Market Conditions - The price of DMC, a core organic silicon product, fell below 10,500 yuan per ton, representing an approximately 83% decrease from the peak in September 2021, and a cumulative decline of over 23% this year [1]. - The average transaction price has dropped below the cost line, resulting in the industry facing widespread losses [1]. - Supply growth is outpacing demand, with production expected to reach 2.533 million tons in 2024, a year-on-year increase of 20.4%, while demand is projected at 2.191 million tons, a growth of 18.4% [1]. Group 2: Trade and Economic Impact - Trade tensions, particularly the U.S. tariffs on organic silicon products, have increased export costs for Chinese ordinary silicone rubber products by 15% to 20%, impacting the $2.28 billion trade market between China and the U.S. [1]. - The overall performance of listed organic silicon companies has declined in the first quarter, with significant drops in revenue and net profit across multiple firms [2]. Group 3: Industry Challenges and Future Outlook - The primary challenge for the organic silicon sector is the excessive new production capacity, with a projected 24.2% year-on-year increase in production capacity for 2024, marking the peak of the current expansion cycle [2]. - Despite short-term challenges, there are long-term opportunities as policies indicate continued development in real estate, which may boost demand for construction sealants [2]. - The industry is encouraged to focus on high-end and emerging fields, such as medical personal care, photovoltaic films, and automotive sealing components, which are expected to grow at an annual rate exceeding 15% [3].

公司名称：唐山三友硅业股份有限公司 证券代码：600409 证券简称：三友化工 公告编号：临 2025-029 号 唐山三友化工股份有限公司 关于控股子公司增资扩股完成工商变更登记的公告 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。 唐山三友化工股份有限公司（以下简称"公司"）董事会同意公司 控股股东唐山三友碱业（集团）有限公司采取非公开协议方式按照评 估值定价以自有资金人民币 10,000 万元对公司控股子公司唐山三友 硅业股份有限公司（以下简称"三友硅业"）进行增资扩股。具体内 容详见公司于 2025 年 5 月 29 日在《中国证券报》《上海证券报》《证 券日报》及上海证券交易所网站（www.sse.com.cn）披露的《关于控 股股东对控股子公司现金增资暨关联交易的公告》（公告编号：临 2025-027 号）。 近日，三友硅业完成了本次增资扩股工商变更登记手续，并于 2025 年 6 月 24 日取得唐山市行政审批局换发的《营业执照》，相关 登记信息如下： 成立日期：2007 年 11 月 09 日 住 所：唐山市南 ...

A 股每股现金红利0.0730元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/24 | － | 2025/6/25 | 2025/6/25 | 唐山三友化工股份有限公司 2024年年度权益分派实施公告 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： 证券代码：600409 证券简称：三友化工 公告编号：临 2025-028 号 每股分配比例 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 8 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本2,064,3 ...