Financial Performance - The company expects a net profit of 6.28 million yuan for 2025, a decrease of 23.89 million yuan or 79.19% compared to the same period last year [3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be 6.02 million yuan, down 27.66 million yuan or 82.12% year-on-year [5]. - The total profit for the same period last year was 29.58 million yuan [7]. - The net profit attributable to shareholders for the same period last year was 30.18 million yuan [8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses last year was 33.68 million yuan [9]. Market Conditions - The primary reason for the profit decline is the reliance on the hydrogen peroxide market, which is experiencing weak demand in 2025 [11]. - The sales prices of various hydrogen peroxide products have decreased compared to the same period last year, contributing to reduced revenue and gross margin [12]. - The company experienced a slight decline in production volume, leading to an increase in unit production costs [12]. Audit and Caution - The performance forecast data has not been audited by a registered accountant [6]. - Investors are advised to be cautious as the forecast data is preliminary and the final audited financial data will be disclosed in the 2025 annual report [14].

Core Viewpoint - Liu Hua Co., Ltd. (600423.SH) expects a significant decline in net profit for the year 2025, primarily due to a weak demand in the hydrogen peroxide market, which is the company's sole product line [1] Financial Performance - The company anticipates a net profit attributable to shareholders of 6.28 million yuan for 2025, a decrease of 23.89 million yuan compared to the previous year, representing a year-on-year decline of 79.19% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be 6.02 million yuan, down by 27.66 million yuan from the previous year, indicating a year-on-year decrease of 82.12% [1] Market Conditions - The primary reason for the profit reduction is the company's reliance on the hydrogen peroxide market, which is experiencing low demand in 2025 [1] - During the reporting period, the market prices for various hydrogen peroxide products were lower than the same period last year, leading to a decline in sales prices [1] - Additionally, the company's production volume slightly decreased, resulting in an increase in unit production costs, which together contributed to a reduction in both revenue and gross margin year-on-year [1]

Core Viewpoint - LiuHua Co., Ltd. expects a significant decline in net profit for the year 2025, projecting a profit of 6.28 million yuan, which represents a 79.19% decrease compared to the previous year [1] Group 1: Financial Performance - The anticipated net profit for 2025 is 6.28 million yuan, indicating a substantial drop from the previous year's figures [1] - The decline in profit is attributed to a reliance on a single product, hydrogen peroxide, which is facing a sluggish market demand [1] - The sales price of hydrogen peroxide has decreased compared to the previous year, contributing to reduced revenue and gross margin [1] Group 2: Market Conditions - The hydrogen peroxide market is expected to experience low demand in 2025, impacting overall sales performance [1] - A slight decrease in production volume has been noted, leading to an increase in unit production costs [1]

Core Viewpoint - The report highlights the growth of industrial enterprises in Guangxi Zhuang Autonomous Region, indicating a positive trend in the industrial sector with a year-on-year increase in the number of enterprises [1]. Group 1: Industrial Enterprises in Guangxi - As of January-November 2025, the number of industrial enterprises in Guangxi reached 10,535, an increase of 239 enterprises compared to the same period last year, representing a growth rate of 2.32% [1]. - The industrial enterprises accounted for 2% of the national total, reflecting Guangxi's contribution to the overall industrial landscape in China [1]. Group 2: Industry Research and Consulting - Zhiyan Consulting, a leading industry consulting firm in China, has been deeply engaged in industry research for over a decade, providing comprehensive industry research reports, business plans, feasibility studies, and customized services [1]. - The firm emphasizes its professional approach, quality service, and keen market insights to empower investment decisions [1].

Core Viewpoint - Liu Hua Co., Ltd. announced the election of Huang Dongjian as the employee director of the seventh board of directors, with the term expected to start on December 17, 2025, pending approval from the higher-level labor union organization [1] Group 1 - The third employee general meeting will be held on December 15, 2025 [1] - The election of the employee director was conducted through a democratic voting process with full staff registration [1] - Huang Dongjian was elected as the employee director [1]

Core Viewpoint - Liu Chemical Co., Ltd. has elected a new employee director, Huang Dongjian, to its board, enhancing employee representation in corporate governance [1][3]. Group 1: Election of Employee Director - The company has amended its articles of association to add one employee director to the board [1]. - Huang Dongjian was elected as the employee director during the third employee congress held on December 15, 2025, with her term starting on December 17, 2025 [1]. - Huang's qualifications meet the requirements set forth by the Company Law and the company's articles of association [1]. Group 2: Shareholder Meeting - The second extraordinary general meeting of shareholders was held on December 17, 2025, with no resolutions being rejected [5]. - The meeting was chaired by the chairman, Lu Shengyun, and utilized a combination of on-site and online voting [6]. - All resolutions, including the appointment of Liu Gui as a director and amendments to various governance documents, were approved [8]. Group 3: Use of Capital Reserves - The company plans to use its capital reserves to cover losses, as approved in the recent board and shareholder meetings [12]. - As of December 31, 2024, the company reported a total capital reserve of approximately 1.79 billion yuan and an accumulated loss of about 2.07 billion yuan [12]. - The company intends to utilize 89.14 million yuan from its surplus reserves and approximately 1.65 billion yuan from its capital reserves to offset these losses [12].

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、通知债权人的原由 股票代码：600423 股票简称：柳化股份 公告编号：2025-053 柳州化工股份有限公司 关于使用公积金弥补亏损通知债权人的公告 柳州化工股份有限公司（以下简称"公司"）于 2025 年 12 月 1 日召开第七届董事会审计委员会第 六次会议及第七届董事会第六次会议、2025 年 12 月 17 日召开 2025 年第二次临时股东会，审议通过了《关 于公司使用公积金弥补亏损的议案》，具体内容详见： 根据立信会计师事务所（特殊普通合伙）出具的《审计报告》，截止 2024 年 12 月 31 日，公司股本 798,695,026 元 、 资 本 公 积 1,786,025,061.39 元 、 盈 余 公 积 89,143,636.08 元 、 未 分 配 利 润 -2,068,955,717.77 元。 根据《公司法》《关于公司法、外商投资法施行后有关财务处理问题的通知》（以下简称"财政部《通 知》"）等法律、法规及规范性文件，以及《公司章程》等相关规定， ...

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。 根据柳州化工股份有限公司（以下简称"公司"）2025 年 9 月修订的《公司章程》规定，公司 董事会增设 1 名职工董事。公司于 2025 年 12 月 15 日召开 2025 年第三次全体职工大会，对职工董事 采用全员登记确认的方式进行了民主选举，选举黄东健女士为公司第七届董事会职工董事，任期自 2025 年 12 月 17 日（报上级工会组织备案批准时）起至本届董事会届满为止。 股票代码：600423 股票简称：柳化股份 公告编号：2025-052 柳州化工股份有限公司 关于职工董事选举结果的公告 2025年12月18日 职工董事个人简历： 黄东健，女，汉族，1977 年 5 月出生，中共党员，大专学历，高级会计师。现任中国共产党柳州化 工股份有限公司支部委员会副书记、股份公司分会主席、柳州化工股份有限公司审计部部长，具备丰富的 基层工作经验和良好的群众基础，能够切实代表职工群众反映诉求、维护职工合法权益格。 1 黄东健女士的任职资格符合《公司法》及《公司章程》等规定。本次选 ...

法律意见书 2025 年第二次临时股东会的法律意见书 国浩律师（南宁）意字(2025)第 5004-3 号 2012 年第五次临时股东大会的 致：柳州化工股份有限公司 法律意见书 国浩律师（南宁）事务所受柳州化工股份有限公司（以下简称"公司"）的委托， 指派李长嘉、廖乃安律师（以下简称"本律师"）对公司2025年第二次临时股东会（以 下简称"本次股东会"或"本次会议"）召开的全过程进行见证并出具法律意见。 为出具法律意见，本律师审查了公司提供的有关会议文件、资料，并出席对本次 股东会现场会议进行了见证。公司保证已向本律师提供了出具法律意见所必须的、真 实的书面材料。 基于对上述文件、资料的审查和见证情况，本律师根据《中华人民共和国公司法》 《中华人民共和国证券法》《上市公司股东会规则》《柳州化工股份有限公司章程》 （以下简称"《公司章程》"）等有关规定，按照律师行业公认的业务标准、道德规 范和勤勉尽责的精神，对本次股东会发表法律意见。 法律意见书 法律意见书 国浩律师（南宁）事务所 2012 年第五次临时股东大会的 关于柳州化工股份有限公司 本律师同意公司将本法律意见书与本次股东会会议决议一同公告，并依法对法 ...

证券代码：600423 证券简称：柳化股份 公告编号：2025-051 柳州化工股份有限公司 2025年第二次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 154 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 233,607,064 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 29.2485 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次会议由公司董事会提议召开，由董事长陆胜云主持，采用现场投票与网 络投票相结合的表决方式。本次会议的召集、召开符合法律、法规、规章和公司 章程的规定。 (五) 公司董事和董事会秘书的列席情况 (一) 股东会召开的时间：2025 年 12 月 17 日 (二) 股东会召开的地点：广西柳州市跃进路 106-8 号汇金国际 26 层公司会议 ...