Meeting Overview - The third extraordinary general meeting of shareholders was held on September 10, 2025, at the company's first conference room [2] - The meeting was convened by the board of directors and chaired by Mr. Wu Ya, with voting conducted through both on-site and online methods [2][3] Attendance - All 9 current directors attended the meeting, including both non-independent and independent directors, with some participating via communication methods [3] - The company’s secretary and all senior management were present at the meeting [3] Resolutions - Two non-cumulative voting proposals were reviewed and approved: 1. Proposal regarding the provision of counter-guarantees and related party transactions by a controlling subsidiary [4] 2. Proposal to increase the estimated amount of daily related party transactions for 2025 [4] - The first proposal required a special resolution, which was passed with more than two-thirds of the valid voting rights in favor [6] Legal Compliance - The meeting and its proceedings were confirmed to comply with the Company Law, the rules of the shareholders' meeting, and the company's articles of association, ensuring the legality and validity of the resolutions [7]

证券代码：600470 证券简称：六国化工 公告编号：2025-051 安徽六国化工股份有限公司 2025年第三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 (一)股东会召开的时间：2025 年 9 月 10 日 (二)股东会召开的地点：安徽六国化工股份有限公司第一会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 383 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 37,435,108 | | 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 | | | 份总数的比例（%） | 9.0268 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次会议由公司董事会召集，本次会议由公司董事长吴亚先生主持，本次会议以现 场投票与网络投票相结合的方式进行表决，会议的召集、召开和表决方式符合《公司法》、 ...

一 天禾律师事务所 股东大会法律意见书 安徽天天律师事务所 关于安徽六国化工股份有限公司 2025 年第三次临时股东会的法律意见书 天律意 2025 第 02401 号 致:安徽六国化工股份有限公司 天禾律师根据《证券法》相关规定的要求,按照律师行业公认的业务标准、 : 道德规范和勤勉尽责精神,对本次股东会的召集、召开、与会人员资格、表决程 序及其他相关法律问题发表如下意见: 一、关于本次股东会的召集、召开程序及召集人资格 (一)经验证,根据公司第九届董事会第二次会议决议,公司于 2025年 8 月 26 日在《上海证券报》《证券日报》《中国证券报》以及上海证券交易所网 站等媒体刊登了《关于召开 2025年第三次临时股东会的通知》。 (二) 本次股东会现场会议于 2025 年 9 月 10 日 14:30 在公司第一会议室召 开,本次股东会由公司董事会召集,公司董事长吴亚先生主持。 三 天禾律师事务所 股东大会法律意见书 (三)本次股东会网络投票时间为:2025年9月10日。其中,通过上海证 券交易所网络投票系统进行网络投票的时间为:9:15-9:25,9:30-11:30,13:00 一15:00:通过互联 ...

Core Viewpoint - Liu Guo Chemical's financial performance in the first half of 2025 reveals significant challenges, with a net loss of 149 million yuan, a decline of 608.08% compared to the same period last year, highlighting structural issues in the company's operations [1][3] Financial Performance - The company reported total revenue of 3.155 billion yuan, an increase of 3.10% year-on-year [1] - The net profit attributable to shareholders was a loss of 149 million yuan, compared to a profit of 29.37 million yuan in the same period last year [1] - The non-recurring net profit also showed a loss of 151 million yuan, down from a profit of 10.08 million yuan in the previous year [1] Cost and Pricing Pressures - Liu Guo Chemical's core business relies heavily on fertilizer products, with phosphate and compound fertilizers contributing nearly 80% of revenue [1] - Rising raw material prices, particularly for sulfur and potassium fertilizers, have significantly deteriorated the cost structure of phosphate products, leading to compressed profit margins [1][2] - The company faces a "cost up, price down" scenario, resulting in a vicious cycle of "production equals loss" in its basic fertilizer business [2] Strategic Challenges - The transition projects, such as battery-grade refined phosphoric acid, are still in the investment phase and have not yet provided substantial financial relief [2] - There is a mismatch between the profit collapse of traditional businesses and the delayed cash generation capabilities of new projects, exposing deeper contradictions in resource allocation [2] Recommendations for Improvement - The company needs to reshape its supply chain by extending upstream control over sulfur resources or exploring alternative raw material technologies to break the cycle of uncontrollable costs [2] - A reassessment of heavy asset projects, such as those in Hubei Huayang, is necessary to balance asset-light and heavy investments, potentially through cooperative construction and phased production [2] - Establishing a cash flow positive path by prioritizing the clearance of unsold inventory and creating a distribution assessment mechanism focused on collection efficiency is crucial [2]

Group 1 - The company held its third extraordinary general meeting of shareholders on September 10, 2025, to discuss various agenda items including the provision of guarantees and related transactions [1][2] - A proposal was made regarding the provision of counter-guarantees by the company's subsidiary, Hubei Huayang New Materials Co., Ltd., which is financing a project of 2.6 billion yuan with an 8-year term [1][2] - The counter-guarantee amounts are capped at 550 million yuan for Tongling Chemical Industry Group Co., Ltd. and 450 million yuan for Wanhua Chemical Group Co., Ltd., totaling no more than 1 billion yuan [2][6] Group 2 - The company plans to increase its expected annual related transactions for 2025, specifically for the procurement of sulfuric acid from its related party, Tongling Huaxing Chemical Co., Ltd. [7][8] - The increase in procurement is attributed to rising market prices for sulfuric acid, which the company anticipates will lead to higher purchasing volumes [8] - Tongling Huaxing Chemical Co., Ltd. is a subsidiary of the company's controlling shareholder, Tongling Chemical Industry Group Co., Ltd., establishing a related party relationship [8]

安徽六国化工 2025 年第三次临时股东会 会议资料 安徽六国化工股份有限公司 2025 年第三次临时股东会会议议程 现场会议时间：2025 年 9 月 10 日（星期三）14:30 会议地点：安徽六国化工股份有限公司第一会议室 会议议程： 安徽六国化工 2025 年第三次临时股东会 会议资料 安徽六国化工股份有限公司 2025 年第三次临时股东会会议资料 2025 年 9 月 1 一、主持人宣布到会股东和股东代表人数及代表股份数 二、推举监票人和计票人 安徽六国化工 2025 年第三次临时股东会 会议资料 | 议案一 | | --- | 关于控股子公司对外提供反担保暨关联交易的议案 三、审议会议议案、按审议事项的顺序逐项投票表决 序号 议案名称 非累积投票议案 1 关于控股子公司对外提供反担保暨关联交易的议案 2 关于增加 2025 年度日常关联交易预计额度的议案 四、宣读股东会决议 五、律师对大会的合法性、有效性发表意见 2 各位股东（代表）： 一、反担保情况概述 控股子公司湖北徽阳新材料有限公司（以下简称"湖北徽阳"）新能源新材料一体 化项目通过银行组团方式融资 26 亿元，期限 8 年。担保条件：信用 ...

Core Viewpoint - Six Nations Chemical (600470) reported a mixed performance in its 2025 interim report, with total revenue increasing by 3.1% year-on-year but a significant decline in net profit, indicating potential challenges in operational efficiency and market conditions [1] Financial Performance - Total revenue for the first half of 2025 reached 3.155 billion yuan, up 3.1% from 3.06 billion yuan in 2024 [1] - The net profit attributable to shareholders was -149 million yuan, a drastic decline of 608.08% compared to a profit of 29.37 million yuan in the previous year [1] - The gross margin fell to 4.47%, down 55.78% from 10.10% in 2024, while the net margin turned negative at -4.37%, a decrease of 394.73% [1] - The company reported a significant increase in interest-bearing liabilities, rising by 25.1% to 2.725 billion yuan [1] Cash Flow and Receivables - Operating cash flow per share was -0.76 yuan, a decrease of 254.59% from -0.22 yuan in the previous year, indicating cash flow challenges [1] - Accounts receivable accounted for 442.11% of the latest annual net profit, highlighting potential liquidity issues [1][12] Cost and Expense Analysis - Total selling, administrative, and financial expenses amounted to 157 million yuan, representing 4.97% of revenue, a slight decrease of 5.6% year-on-year [1] - The company faced increased costs due to rising prices of raw materials, particularly sulfur and potassium fertilizers, impacting overall profitability [8] Investment and Capital Expenditure - The company has increased its capital expenditure significantly, particularly in the integrated project of Hubei Huayang New Energy Materials, which saw a 57.20% increase in construction in progress [2][3] Market and Economic Conditions - The company's performance was adversely affected by macroeconomic conditions and government policies aimed at stabilizing fertilizer prices and controlling exports, leading to a decline in sales prices and volumes [8][9]

Group 1 - Sichuan Gold achieved a net profit of 209 million yuan in the first half of 2025, a year-on-year increase of 48.41% [1] - Hai Xin Co. reported a net profit of 108 million yuan, up 5.62% year-on-year, despite a revenue decline of 8.35% [1] - Shanhe Pharmaceutical Auxiliary's net profit decreased by 2.61% to 93.04 million yuan, with a revenue increase of 4.65% [2] Group 2 - Donghua Software's net profit fell by 15.78% to 244 million yuan, with a slight revenue decline of 1.76% [2] - Zhongyuan Haike reported a significant net profit drop of 91.21% to 9.83 million yuan, alongside a revenue decrease of 9.97% [3] - Xingxin New Materials experienced a net profit decline of 21.72% to 33.64 million yuan, with a minimal revenue growth of 0.02% [4] Group 3 - Longban Media's net profit increased by 13.28% to 120 million yuan, despite a revenue drop of 24.01% [6] - Guangge Technology reported a net loss of 31.38 million yuan, worsening from a loss of 20.17 million yuan in the previous year, with a revenue increase of 71.44% [7] - Ge Ke Wei's net profit decreased by 61.59% to 29.76 million yuan, despite a revenue growth of 30.33% [8] Group 4 - Shaoyang Hydraulic's net profit fell by 31.68% to 7.11 million yuan, with a revenue decline of 12.84% [9] - Qianjiang Biochemical achieved a net profit of 107 million yuan, a year-on-year increase of 30.24%, despite a revenue decline of 9.64% [10] - Jianhui Information's net profit dropped by 82.99% to 502.52 million yuan, with a revenue increase of 9.03% [11] Group 5 - Nobon Co. reported a net profit of 65.33 million yuan, up 48.33% year-on-year, with a revenue increase of 33.35% [12] - Proya's net profit increased by 13.80% to 799 million yuan, with a revenue growth of 7.21% [13] - Huayuan Holdings reported a net loss of 22.48 million yuan, improving from a loss of 39.2 million yuan in the previous year, with a revenue decline of 94.74% [15] Group 6 - Chihong Zn & Ge's net profit increased by 3.27% to 932 million yuan, with a revenue growth of 7.67% [17] - Dae Oriental's net profit decreased by 45.33% to 59.04 million yuan, with a revenue decline of 5.20% [19] - Zhongnong Lihua's net profit fell by 10.06% to 142 million yuan, despite a revenue increase of 3.27% [20] Group 7 - Triangle Tire's net profit decreased by 35.31% to 396 million yuan, with a revenue decline of 4.50% [21] - Lianchuang Optoelectronics reported a net profit of 263 million yuan, up 15.18% year-on-year, with a revenue increase of 6.51% [22] - Taijing Technology's net profit fell by 61.59% to 22.04 million yuan, despite a revenue growth of 16.73% [23] Group 8 - Congsheng Co. announced plans to establish a wholly-owned subsidiary with an investment of 5 million yuan [24] - Yilian Network's net profit decreased by 8.84% to 1.24 billion yuan, with a slight revenue decline of 0.64% [25] - Weichuang Electric's net profit increased by 4.87% to 141 million yuan, with a revenue growth of 16.39% [26] Group 9 - Liuyuan Chemical reported a net loss of 149 million yuan, worsening from a profit of 29.37 million yuan in the previous year, with a revenue increase of 3.10% [28] - Luxshare Precision achieved a net profit of 6.644 billion yuan, a year-on-year increase of 23.13%, with a revenue growth of 20.18% [29] - Jiangfeng Electronics reported a net profit of 253 million yuan, up 56.79% year-on-year, with a revenue increase of 28.71% [30] Group 10 - Hongqiao Technology reported a net loss of 22.97 million yuan, worsening from a profit of 21.96 million yuan in the previous year, with a revenue decline of 11.76% [31] - Hong Sifang's net profit decreased by 47.10% to 43.97 million yuan, with a revenue decline of 8.18% [32] - Huaxia Happiness reported a net loss of 6.827 billion yuan, worsening from a loss of 4.849 billion yuan in the previous year, with a revenue decline of 50.90% [35] Group 11 - Watson Bio's net profit decreased by 74.69% to 43.16 million yuan, with a revenue decline of 19.47% [37] - Huayang Lianzhong's controlling shareholder plans to increase its stake by 1% to 2% [39] - Lanhua Ketech's net profit decreased by 89.58% to 57.48 million yuan, with a revenue decline of 26.05% [41] Group 12 - Aike Optoelectronics reported a net profit increase of 127.40% to 36.04 million yuan, with a revenue growth of 64.39% [43] - Guojia Automobile's net profit decreased by 14.32% to 21.3 million yuan, with a revenue decline of 11.64% [44] - Yingjia Gongjiu's net profit decreased by 18.19% to 1.13 billion yuan, with a revenue decline of 16.89% [46] Group 13 - China Shipbuilding Technology reported a net loss of 574 million yuan, worsening from a loss of 81.71 million yuan in the previous year, with a revenue increase of 30.79% [48] - Dayang Electric's net profit increased by 34.41% to 602 million yuan, with a revenue growth of 7.66% [49] - Shoukai Co. reported a net loss of 1.839 billion yuan, improving from a loss of 1.948 billion yuan in the previous year, with a revenue increase of 105.19% [51]

Core Viewpoint - Anhui Liuguo Chemical Co., Ltd. reported significant declines in key financial metrics for the first half of 2025, primarily due to adverse macroeconomic conditions and regulatory impacts on the fertilizer industry, leading to a substantial loss in net profit and total profit [2][4]. Financial Performance - Total revenue for the first half of 2025 was approximately CNY 3.15 billion, representing a 3.10% increase compared to the same period last year [2]. - Total profit decreased by 343.19% to a loss of approximately CNY 131.75 million [2]. - Net profit attributable to shareholders fell by 608.08% to a loss of approximately CNY 149.23 million [2]. - The net cash flow from operating activities was negative at approximately CNY 398 million, indicating a significant cash outflow [2]. Industry Context - The fertilizer industry is facing challenges due to government policies aimed at stabilizing prices and controlling exports, which have negatively impacted sales prices and volumes [2][4]. - The overall fertilizer production in China saw a 9.2% year-on-year increase in pure fertilizer output for the first half of 2025, totaling 32.37 million tons [6]. Business Operations - The company continues to focus on its core business of chemical fertilizers, including nitrogen, phosphorus, and potassium fertilizers, and has maintained its position as a major manufacturer in East China [6][7]. - The company is leveraging its logistical advantages and regional resource availability to optimize production and reduce costs [5][8]. Strategic Initiatives - The company plans to issue up to 156 million shares to raise no more than CNY 800 million for a new battery-grade phosphoric acid project, aiming to diversify its product offerings and enhance profitability [7]. - A new project for producing food-grade liquid carbon dioxide has commenced, utilizing innovative technology to convert waste gases into high-value products [7]. Competitive Advantages - The company holds several well-recognized brands and has established a comprehensive sales network across China, enhancing its market presence [8]. - It has a strong focus on research and development, with multiple national-level innovation platforms, contributing to its technological advancements in the fertilizer sector [8][9].

Core Points - The company reported a total asset of approximately 6.89 billion RMB, a decrease of 2% compared to the previous year [1] - The net assets attributable to shareholders decreased by 8.03% to approximately 1.69 billion RMB [1] - The operating revenue increased by 3.1% year-on-year, reaching approximately 3.15 billion RMB [1] - The total profit turned negative, with a loss of approximately 131.75 million RMB, a decline of 343.19% compared to the previous year [1] - The net profit attributable to shareholders also turned negative, amounting to approximately -149.23 million RMB, a decrease of 608.08% [1] - The net cash flow from operating activities was negative at approximately -398 million RMB, worsening from -112.24 million RMB in the previous year [1] - The weighted average return on net assets decreased by 10.10 percentage points to -8.49% [1] - Basic and diluted earnings per share were both -0.29 RMB, a significant drop from 0.06 RMB [1] Company Overview - The company is listed on the Shanghai Stock Exchange under the stock code 600470 [1] - The total number of shareholders as of the report date was 54,240 [1] - The major shareholder, Tongling Chemical Industry Group, holds 20.49% of the shares [2] Important Matters - The report indicates that there were no significant changes in the company's operating conditions during the reporting period [3]