华鲁恒升所属申万行业为：基础化工-农化制品-氮肥。所属概念板块包括：化肥、煤化工、社保重仓、 MSCI中国、大盘等。 截至6月30日，华鲁恒升股东户数5.27万，较上期减少15.20%；人均流通股40209股，较上期增加 18.12%。2025年1月-6月，华鲁恒升实现营业收入157.64亿元，同比减少7.14%；归母净利润15.69亿元， 同比减少29.47%。 分红方面，华鲁恒升A股上市后累计派现84.35亿元。近三年，累计派现42.46亿元。 机构持仓方面，截止2025年6月30日，华鲁恒升十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股7635.46万股，相比上期增加854.95万股。华泰柏瑞沪深300ETF（510300）位居第五大流 通股东，持股2653.24万股，相比上期增加239.16万股。中泰星元灵活配置混合A（006567）位居第六大 流通股东，持股2597.13万股，相比上期减少238.14万股。易方达沪深300ETF（510310）位居第九大流 通股东，持股1886.33万股，相比上期增加188.25万股。 责任编辑：小浪快报 10月13日，华鲁恒升盘中下跌2.04%，截 ...

Investment Rating - The investment rating for the company is "Accumulate" [6] Core Views - The company reported a year-on-year increase in net profit attributable to shareholders, with multiple projects completed and put into production [1] - The second quarter showed a recovery from historical lows, with revenue and net profit both improving sequentially [2] - The fertilizer segment achieved revenue and sales growth in the first half of the year, while other segments experienced declines [3] - New production capacities from the BDO-NMP and dicarboxylic acid projects are expected to contribute significantly to revenue and profit in the second half of the year [4] - Profit forecasts for 2025-2027 have been adjusted, maintaining the "Accumulate" rating [4] Financial Summary - For 2023, the company expects revenue of approximately 27.26 billion yuan, with a growth rate of -9.87% [5] - The projected net profit attributable to shareholders for 2025 is approximately 2.99 billion yuan, reflecting a decrease of 23.17% [5] - The EBITDA for 2025 is estimated at 6.93 billion yuan, with a projected P/E ratio of 19.03 [5] - The company’s total assets are expected to reach approximately 45.91 billion yuan by 2025 [13]

Core Insights - The chemical industry in Dezhou is experiencing significant growth, with projected revenue of 84.548 billion yuan and profit of 6.962 billion yuan in 2024, accounting for a quarter of the city's manufacturing revenue and a third of its profits [1] - The industry is transitioning from scale expansion to quality enhancement, focusing on high-end, intelligent, green, and cluster development to achieve a "trillion cluster" goal [1][8] Industry Foundation - Dezhou's chemical industry consists of 183 large-scale enterprises, with nearly a thousand chemical products covering four major fields: petroleum, coal, salt, and fine chemicals [2] - The city has established five provincial chemical parks, covering an area of 31.5 square kilometers, with four parks recognized as pilot units for smart chemical parks [2] Innovation and Technology - Dezhou Shihua Chemical Co., Ltd. has achieved high-quality, large-scale production of food-grade liquid caustic soda, meeting stringent purity and impurity requirements [4] - Shandong Hualu Hengsheng Chemical Co., Ltd. has developed new processes for producing glycol and dicarboxylic acid, with a market share of 70% for dicarboxylic acid in China [5] - Hengyuan Carbon Materials Co., Ltd. produces needle coke, a key material for lithium-ion battery anodes, using patented technology to meet high-quality standards [6] Policy Support - Dezhou is implementing measures to support high-quality development in the chemical industry, including the construction of chemical parks and the cultivation of specialized enterprises [7] - The city has introduced 13 new chemical projects this year, with a total investment of 3.95 billion yuan, and has established an industrial innovation research institute in collaboration with universities [7] Transformation and Future Outlook - The transformation of Dezhou's chemical industry exemplifies the shift from scale advantages to value advantages, emphasizing innovation-driven growth and sustainable development [8]

每经AI快讯，华鲁恒升（SH 600426，收盘价：26.87元）10月9日晚间发布公告称，截至2025年9月30 日，公司已累计回购股份约558.92万股，占公司总股本的比例为0.26%，回购成交的最高价为26元/股、 最低价为20.75元/股，支付的资金总额为人民币约1.29亿元。 2025年1至6月份，华鲁恒升的营业收入构成为：化工产品制造业占比100.0%。 每经头条（nbdtoutiao）——与美元脱钩后，暴涨102倍，揭秘黄金疯涨背后神秘的"无形之手"！专家： 推动金价上涨的逻辑没有变 （记者 曾健辉） 截至发稿，华鲁恒升市值为571亿元。 ...

格隆汇10月9日丨华鲁恒升(600426.SH)公布，截至2025年9月30日，公司已累计回购股份558.9181万股， 占公司总股本的比例为0.26%，回购成交的最高价为26.00元/股、最低价为20.75元/股，支付的资金总额 为人民币12,938.96万元（不含交易费用）。 ...

证券代码：600426 证券简称：华鲁恒升 公告编号：临 2025-060 山东华鲁恒升化工股份有限公司 关于股份回购进展公告 截至 2025 年 9 月 30 日，公司已累计回购股份 558.9181 万股，占公司总股本 的比例为 0.26%，回购成交的最高价为 26.00 元/股、最低价为 20.75 元/股，支付 的资金总额为人民币 12,938.96 万元（不含交易费用）。 上述股份回购符合法律法规的规定及公司回购股份方案的要求。 | 回购方案首次披露日 | 2025/4/18，由董事长提议 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 2025 30 4 | 4 | 日~2026 | 年 | 月 | 日 29 | | 预计回购金额 | 20,000万元~30,000万元 | | | | | | | 回购用途 | √减少注册资本 □用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | | □为维护公司价值及股东权益 | | | | | | | 累计已回购股数 | 558.9181 ...

山东华鲁恒升化工股份有限公司 2025 年半年度业绩说明会会议纪要 时间：2025 年 10 月 9 日 9:00-10:00 1、请问公司今年有扩展其他业务的打算吗？ 答：公司坚持相关多元化发展战略，围绕"多业联产"核心优势，重点在现有化工产 业链上下游延伸。面对复杂严峻的外部环境和竞争加剧带来的多重压力，公司将统筹 抓好创新发展和生产运营，深入开展内部挖潜、降本增效，同时加大技术创新和科技 研发力度，不断在前进中谋发展、在危机中育新机。 2、请问公司营收情况如何？ 答：公司 2025 年半年度实现营业收入 157.64 亿元，较上年同期减少 7.14%，其中二 季度实现营收 79.92 亿元，环比增长 2.84%。上半年化工行业整体面临结构性产能过 剩，原材料价格波动传导等压力，公司产品价格承压下行，且销量增长未能抵消价格 降幅，导致公司营收受到一定影响。 召开方式：网络互动 3、请问今年有分红计划吗？ 参会人员：公司董事长常怀春先生，董事、副总经理、财务负责人高景宏先生，独立 董事吴非先生，董事会秘书高文军先生。 答：公司拟以 2025 年半年度权益分派实施时股权登记日的股本扣减公司回购专用证 券账户中 ...

二、说明会召开的时间和网址 证券代码：600426 证券简称：华鲁恒升 编号：临 2025-061 山东华鲁恒升化工股份有限公司 2025 年半年度业绩说明会召开情况的公告 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个别及连带责任。 一、说明会类型 会议于 2025 年 10 月 9 日 9:00-10:00 通过上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/）举行。 本次说明会以网络互动形式召开，公司管理层就 2025 年半年度业绩相关情况 与投资者进行了交流沟通。 五、会议主要内容 会议主要内容详见上海证券交易所网站（http://www.sse.com.cn/）登载的本 公告附件《华鲁恒升 2025 年半年度业绩说明会会议纪要》。 特此公告。 山东华鲁恒升化工股份有限公司董事会 2025 年 10 月 10 日 三、参加人员 公司董事长常怀春先生，董事、副总经理、财务负责人高景宏先生，独立董事 吴非先生，董事会秘书高文军先生参加了本次说明会。 四、投资者参加方式 投资者以网络互动形 ...

格隆汇10月9日丨华鲁恒升(600426.SH)公布，截至2025年9月30日，公司已累计回购股份558.9181万股， 占公司总股本的比例为0.26%，回购成交的最高价为26.00元/股、最低价为20.75元/股，支付的资金总额 为人民币12,938.96万元（不含交易费用）。 ...

Group 1 - The core viewpoint indicates that the chemical industry is experiencing mixed performance, with some products seeing price increases while others decline, influenced by external factors such as the Federal Reserve's interest rate cuts and geopolitical tensions [1][2] - Key products with significant price increases this week include synthetic ammonia (up 8.58%), lithium battery electrolyte (up 5.71%), and aniline (up 3.90%), while natural gas saw a notable decline of 7.90% [1][2] - The overall chemical industry remains weak, with varying performance across sub-sectors, largely due to past capacity expansions and weak demand, although some sectors like lubricants are performing better than expected [2] Group 2 - Investment opportunities are suggested in areas such as glyphosate, fertilizers, import substitution, domestic demand, and high-dividend assets [2] - Specific recommendations include focusing on the glyphosate sector, which is showing signs of recovery, and selecting companies with strong competitive positions and growth potential, such as Ruifeng New Materials and Baofeng Energy [2] - The report emphasizes the importance of domestic demand in the chemical industry, particularly for nitrogen and phosphate fertilizers, with companies like Hualu Hengsheng and China Heartlink Fertilizer being highlighted for their robust market positions [2]