Core Viewpoint - Liu Chemical Co., Ltd. is a significant player in the domestic hydrogen peroxide market, focusing on production and sales, with certain technical and market advantages [1] Group 1: Business Performance - For Q3 2025, Liu Chemical reported revenue of 107 million, ranking 16th among 16 companies in the industry, significantly lower than the industry leader, Satellite Chemical, which had 34.77 billion [2] - The net profit for the same period was 7.01 million, placing the company 10th in the industry, again far behind the top performer, Satellite Chemical, which reported 3.76 billion [2] Group 2: Financial Ratios - As of Q3 2025, Liu Chemical's debt-to-asset ratio was 9.56%, an increase from 5.19% year-on-year, but still well below the industry average of 46.56%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 8.60%, a significant drop from 25.09% year-on-year, and below the industry average of 11.02%, suggesting a need for improvement in profitability [3] Group 3: Management and Shareholder Information - The chairman, Lu Shengyun, received a salary of 450,500, a decrease of 17,800 from the previous year [4] - As of September 30, 2025, the number of A-share shareholders decreased by 1.37% to 27,600, while the average number of circulating A-shares held per account increased by 1.39% to 29,000 [5]

Core Viewpoint - The company, Liuzhou Chemical Co., Ltd., has disclosed its third-quarter financial data for 2025, emphasizing the accuracy and completeness of the information provided by its board and management [10]. Financial Data Summary - The third-quarter financial report has not been audited, and the company has made adjustments to its financial data for the years 2021-2023 due to prior accounting errors, transitioning from a gross to a net revenue recognition method [4][3]. - The company reported that its annual revenue is below 200 million yuan, and it faces a risk of delisting if it incurs losses and fails to meet the revenue threshold of 300 million yuan as per the new delisting rules [7]. Shareholder Information - The company has provided details regarding its major shareholders, including the total number of ordinary shareholders and the status of the top ten shareholders [7]. Operational Data - The company has indicated that it will disclose its main operational data, including production volume, sales, and revenue, in the upcoming reports [11].

Core Viewpoint - Liu Hua Co., Ltd. (600423.SH) reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters of 2025 was 107 million yuan, representing a year-on-year decrease of 13.48% [1] - The net profit attributable to shareholders of the parent company was 7.0057 million yuan, down 77.44% year-on-year [1] - The basic earnings per share were 0.009 yuan [1]

Core Viewpoint - Liu Hua Co., Ltd. (600423.SH) reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters of 2025 was 107 million yuan, representing a year-on-year decrease of 13.48% [1] - The net profit attributable to shareholders of the parent company was 7.0057 million yuan, down 77.44% year-on-year [1] - The basic earnings per share were 0.009 yuan [1]

Financial Performance - The company's operating revenue for the third quarter was ¥38,684,970, a decrease of 22.37% compared to ¥52,044,549.57 in the same period last year[7]. - Total profit for the quarter was ¥4,066,988.98, down 73.64% from ¥15,426,015.31 year-on-year[7]. - Net profit attributable to shareholders was ¥3,562,906.67, representing a 76.86% decline from ¥15,399,919.85 in the previous year[7]. - The basic earnings per share decreased by 78.95%, from ¥0.019 to ¥0.004[7]. - The weighted average return on equity fell by 2.19 percentage points to 0.64% for the quarter[7]. - The net profit attributable to shareholders for the year-to-date was ¥7,005,698.71, down 77.44% from ¥31,053,114.12 last year[7]. - Revenue for the first three quarters of 2025 was CNY 106.66 million, a decrease of 13.5% compared to CNY 123.28 million in the same period of 2024[21]. - Operating profit for the first three quarters of 2025 was CNY 8.37 million, down 73.1% from CNY 31.09 million in 2024[21]. - Net profit for the first three quarters of 2025 was CNY 7.01 million, a decline of 77.5% compared to CNY 31.05 million in 2024[21]. - The total profit for the first three quarters of 2025 was CNY 8.37 million, a decrease of 73.0% compared to CNY 31.09 million in 2024[21]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥9,543,067.36, a significant drop of 79.10% compared to ¥45,654,478.14 last year[7]. - Cash flow from operating activities for the first three quarters of 2025 was CNY 9.54 million, a decrease of 79.1% compared to CNY 45.65 million in 2024[23]. - Cash and cash equivalents stood at RMB 437,297,359.36, showing a slight increase from RMB 427,761,645.21[18]. - Cash and cash equivalents at the end of the third quarter of 2025 were CNY 435.28 million, an increase from CNY 423.27 million at the end of the same period in 2024[24]. - The company reported a net cash outflow from investing activities of CNY 1.35 million, compared to a net outflow of CNY 4.27 million in 2024[24]. Assets and Liabilities - The total assets at the end of the reporting period increased by 2.66% to ¥618,149,176.04 compared to the end of the previous year[7]. - The company reported a total asset of RMB 618,149,176.04 as of September 30, 2025, an increase from RMB 602,152,226.46 at the end of 2024, reflecting a growth of approximately 2.0%[20]. - The total current assets amounted to RMB 512,459,946.96, up from RMB 496,091,054.12, indicating an increase of about 3.0%[18]. - The company’s total liabilities reached RMB 59,115,674.64, compared to RMB 50,599,518.18 in the previous year, representing an increase of approximately 16.0%[19]. - The company’s total equity amounted to RMB 559,033,501.40, an increase from RMB 551,552,708.28, reflecting a growth of about 1.3%[19]. Operational Challenges - The company attributed the decline in profits primarily to the continued weak demand for hydrogen peroxide and lower market prices compared to the previous year[11]. - The company has a significant reliance on its limited production capacity and single product line, which constrains revenue growth potential in the short term[16]. - The company faces a risk of delisting if annual revenue falls below RMB 30 million and net profit is negative, as per the new Shanghai Stock Exchange rules[16]. Research and Development - Research and development expenses decreased significantly to CNY 0.42 million, down 75.8% from CNY 1.75 million in the previous year[21]. Inventory and Receivables - Accounts receivable increased to RMB 8,662,876.96 from RMB 8,154,672.43, reflecting a growth of about 6.2%[18]. - The company’s inventory decreased to RMB 4,131,281.91 from RMB 4,421,164.00, indicating a reduction of approximately 6.5%[18].

股票代码：600423 股票简称：柳化股份 公告编号：2025-044 | 主要产品 | 2025 年三季度 | 与上季度相比 | 与去年同期相比 | | --- | --- | --- | --- | | | 平均售价（元/吨） | 变动比率（%） | 变动比率（%） | | 27.5%双氧水 | 756.81 | -9.57 | -25.34 | | 50%双氧水 | 1,511.46 | -2.72 | -11.65 | 三、主要原材料价格变动情况（不含税） | 主要原材料名称 | 2025 | 年三季度平均进价 | 与上季度相比变动比率 | 与去年同期相比 | | --- | --- | --- | --- | --- | | | | （元/立方米） | （%） | 变动比率（%） | | 氢气 | | 1.22 | 0 | 0 | 注：以上数据未经审计，请投资者谨慎使用。 柳州化工股份有限公司 2025 年第三季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。 根据有关规定，现将公司 2025 年第 ...

Core Insights - The company reported a significant decline in both revenue and net profit for the third quarter and the first three quarters of the year [1] Financial Performance - Third quarter revenue was 38.685 million, a year-on-year decrease of 22.37% [1] - Third quarter net profit was 3.5629 million, a year-on-year decrease of 76.86% [1] - Revenue for the first three quarters was 107 million, a year-on-year decrease of 13.48% [1] - Net profit for the first three quarters was 7.0057 million, a year-on-year decrease of 77.44% [1]

Core Viewpoint - As of September 25, a total of 126 stocks in the Shanghai and Shenzhen markets have experienced net buying from major funds for five consecutive days or more, indicating strong investor interest in these stocks [1] Group 1: Stocks with Significant Net Buying - The stock with the longest consecutive net buying days is Shandong Publishing, which has seen net buying for 16 consecutive trading days [1] - Other notable stocks with significant net buying days include Dashengda, Guangming Meat, Songlin Technology, Liuhua Co., Tianlong Co., Zhongnan Media, China Merchants Port, and Shapuaisi [1]

Group 1 - The company held its first extraordinary general meeting of shareholders on September 23, 2025, at its headquarters in Liuzhou, Guangxi [2] - The meeting was presided over by the chairman, Lu Shengyun, and utilized a combination of on-site and online voting methods [2] - All resolutions presented at the meeting were approved, including the proposal to expand the business scope and abolish the supervisory board [3][4] Group 2 - The company confirmed that the meeting complied with legal and regulatory requirements, with the presence of all directors and supervisors [3][4] - The resolutions regarding the revision of the Articles of Association and the rules for shareholder and board meetings were also passed [3][4] - The law firm Guohao (Nanning) was present to witness the meeting, confirming the legality of the proceedings and results [4]

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 法律意见书 2025 年第一次临时股东会的法律意见书 法律意见书 国浩律师（南宁）意字(2025)第 5004-2 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年第一次临时股东会（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。 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 ...