Core Insights - Chlor-alkali Chemical (600618) reported a total revenue of 5.687 billion yuan for the first three quarters of 2025, a year-on-year decrease of 5.36% [1] - The net profit attributable to shareholders was 613 million yuan, reflecting a year-on-year increase of 1.02% [1] - The net profit after deducting non-recurring gains and losses was 611 million yuan, up 1.49% year-on-year [1] - The net cash flow from operating activities was 571 million yuan, down 22.10% year-on-year [1] Financial Performance - In Q3, the company achieved a revenue of 2.11 billion yuan, a slight year-on-year decline of 0.3% [1] - The net profit attributable to shareholders in Q3 was 170 million yuan, down 29.5% year-on-year [1] - The net profit after deducting non-recurring gains and losses for Q3 was 169 million yuan, a decrease of 28.8% year-on-year [1] - For the first nine months of the year, sales expenses increased by approximately 19.7% [2] Asset and Equity Position - As of the end of Q3, the total assets of the company were 13.805 billion yuan, an increase of 16.9% compared to the end of the previous year [1] - The net assets attributable to shareholders were 9.067 billion yuan, reflecting a growth of 4.3% from the end of the previous year [1] Product and Market Dynamics - The decline in total profit for Q3 by 31.72% was primarily due to a decrease in the selling prices of polyvinyl chloride and dichloroethane products [2] - The company specializes in the manufacturing and sales of caustic soda, chlorine and chlorine products, as well as polyvinyl chloride plastic resins and products [2]

Core Viewpoint - The fluorochemical sector has shown a positive performance with a 1.23% increase, ranking 8th among concept sectors, driven by significant gains in stocks like Duofluoride and others [1][2]. Group 1: Sector Performance - The fluorochemical concept saw 18 stocks rise, with Duofluoride hitting the daily limit up, while leading gainers included China Shipbuilding Special Gas, Tianji Co., and Hongyuan Pharmaceutical, which increased by 15.71%, 7.64%, and 6.33% respectively [1]. - Conversely, the Chlor-alkali Chemical sector, Baosteel, and Anka Intelligent Electric experienced declines of 4.60%, 3.00%, and 2.35% respectively [1]. Group 2: Capital Flow - The fluorochemical sector attracted a net inflow of 1.585 billion yuan, with 18 stocks receiving net inflows, and 7 stocks exceeding 50 million yuan in net inflow [2]. - Duofluoride led the net inflow with 1.133 billion yuan, followed by Tianji Materials, Tianji Co., and Dongyangguang with net inflows of 529 million yuan, 365 million yuan, and 236 million yuan respectively [2]. Group 3: Stock-Specific Data - Duofluoride had a net inflow rate of 21.87%, while China Shipbuilding Special Gas and Hongyuan Pharmaceutical had rates of 12.78% and 12.76% respectively [3]. - The trading volume and turnover rates for key stocks in the fluorochemical sector were notable, with Duofluoride showing a trading volume of approximately 1.133 billion yuan and a turnover rate of 20.52% [3].

Core Insights - The fluorochemical sector has seen a rise of 1.23%, ranking 8th among concept sectors, with 18 stocks increasing in value, notably Duofluoride hitting the daily limit up [1][2] - Major gainers include China Shipbuilding Special Gas, Tianji Co., and Hongyuan Pharmaceutical, with increases of 15.71%, 7.64%, and 6.33% respectively [1][2] - Conversely, Chlor-alkali Chemical, Baosteel, and Ankao Intelligent Electric experienced declines of 4.60%, 3.00%, and 2.35% respectively [1][2] Sector Performance - The fluorochemical concept attracted a net inflow of 1.585 billion yuan, with 18 stocks receiving net inflows, and 7 stocks exceeding 50 million yuan in net inflow [2] - Duofluoride led the sector with a net inflow of 1.133 billion yuan, followed by Tianji Materials, Tianji Co., and Dongyangguang with net inflows of 529 million yuan, 365 million yuan, and 236 million yuan respectively [2][3] Fund Flow Ratios - Duofluoride, China Shipbuilding Special Gas, and Hongyuan Pharmaceutical had the highest net inflow ratios at 21.87%, 12.78%, and 12.76% respectively [3] - The trading volume for Duofluoride was 20.52%, while Tianji Materials and Tianji Co. had trading volumes of 11.08% and 30.96% respectively [3] Additional Insights - The overall market saw various concept sectors with significant fluctuations, with the Straits Cross-Strait sector leading with a 4.29% increase, while the metal lead sector fell by 1.70% [2] - The fluorochemical sector's performance indicates strong investor interest and potential growth opportunities within this niche market [1][2]

Market Overview - The chemical raw materials sector experienced a decline of 1.15% on October 28, with Shilong Industrial leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - Notable gainers in the chemical raw materials sector included: - Zhenhua Co., Ltd. (603067) with a closing price of 19.82, up 6.90% [1] - Shanshui Technology (301190) at 23.85, up 4.93% [1] - Boyuan Chemical (000683) at 6.50, up 4.84% [1] - Major decliners included: - Shilong Industrial (002748) at 15.50, down 8.39% [2] - Longbai Group (002601) at 18.20, down 4.91% [2] - Chlor-alkali Chemical (600618) at 10.58, down 4.60% [2] Capital Flow - The chemical raw materials sector saw a net outflow of 718 million yuan from main funds, while retail investors contributed a net inflow of 630 million yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors remained active [2] Individual Stock Capital Flow - Key stocks with significant capital flow include: - Zhenhua Co., Ltd. (603067) with a net inflow of 57.74 million yuan from main funds [3] - Boyuan Chemical (000683) with a net inflow of 46.66 million yuan from main funds [3] - Hongxing Development (600367) with a net inflow of 16.16 million yuan from main funds [3]

Core Viewpoint - The announcement provides an overview of Shanghai Chlor-Alkali Chemical Co., Ltd.'s financial performance and operational data for the first three quarters of 2025, ensuring the accuracy and completeness of the information disclosed [9]. Financial Data Summary - The financial statements for the third quarter are unaudited, and the report includes key financial data and indicators [3]. - The company confirms that there are no significant changes in the financial indicators and that the financial information is accurate and complete [5]. Operational Performance - The company reported that the self-use volume of chlorine products from January to September 2025 was 372,750 tons [9]. - There are no significant events during the reporting period that would impact the company's production and operations [10]. Shareholder Information - The report includes details about the total number of ordinary shareholders and the top ten shareholders, although specific numbers are not provided in the summary [5]. Compliance and Assurance - The board of directors and senior management guarantee the authenticity and completeness of the quarterly report, taking legal responsibility for any misrepresentation or omissions [2][9].

Core Viewpoint - Chlor-alkali Chemical (600618.SH) reported a revenue of 5.687 billion yuan for the first three quarters of 2025, reflecting a year-on-year decline of 5.36% [1] - The company's net profit attributable to shareholders reached 613 million yuan, showing a year-on-year increase of 1.02% [1] - The non-recurring net profit was 611 million yuan, with a year-on-year growth of 1.49% [1] - Basic earnings per share stood at 0.5299 yuan [1] Financial Performance - Revenue for the first three quarters: 5.687 billion yuan, down 5.36% year-on-year [1] - Net profit attributable to shareholders: 613 million yuan, up 1.02% year-on-year [1] - Non-recurring net profit: 611 million yuan, up 1.49% year-on-year [1] - Basic earnings per share: 0.5299 yuan [1]

Group 1 - Chlor-alkali Chemical reported a revenue of approximately 5.687 billion yuan for the first three quarters of 2025, a year-on-year decrease of 5.36% [1] - The net profit attributable to shareholders of the listed company was approximately 613 million yuan, reflecting a year-on-year increase of 1.02% [1] - Basic earnings per share were 0.5299 yuan, which represents a year-on-year increase of 1.03% [1] Group 2 - As of the report date, the market capitalization of Chlor-alkali Chemical was 12.8 billion yuan [2]

Core Viewpoint - Chlor-alkali Chemical (600618.SH) reported a decline in both revenue and net profit for Q3 2025, indicating potential challenges in the company's financial performance [1] Financial Performance - The company's operating revenue for Q3 2025 was 2.109 billion yuan, a year-on-year decrease of 0.33% [1] - The net profit attributable to shareholders was 170 million yuan, reflecting a year-on-year decline of 29.49% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 169 million yuan, down 28.76% year-on-year [1]

一、主要产品的产量、销售及收入实现情况 其中：氯产品 2025 年 1-9 月的自用量为 37.275 万吨。 证券代码：600618 900908 证券简称：氯碱化工 氯碱 B 股 编号：临 2025-023 上海氯碱化工股份有限公司 2025 年前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。 上海氯碱化工股份有限公司（以下简称"公司"）根据《上海证券交易所上 市公司自律监管指引第 3 号——行业信息披露：第十三号——化工》要求，现将 2025 年前三季度主要经营数据（未经审计）披露如下： 单位：元/吨 度 主要原材料 2025 年 1-9 月平均进价 2024 年 1-9 月平均进价 变动比率（%） 盐 364.23 378.65 -3.81 乙烯 6,027.91 6,361.02 -5.24 电解电 0.59 0.60 -1.67 特此公告。 二、主要产品的价格变动情况（不含税） 上海氯碱化工股份有限公司董事会 三、主要原材料的价格变动（不含税） 四、报告期内无其他对公司生产经营具有重大影响的 ...

Financial Performance - Q3 2025 operating revenue was CNY 2,109,208,320.78, a decrease of 0.33% compared to the same period last year[4] - Total profit for Q3 2025 was CNY 195,183,584.91, down 31.72% year-on-year[4] - Net profit attributable to shareholders was CNY 169,734,474.71, reflecting a decline of 29.49% compared to the previous year[4] - The basic earnings per share for Q3 2025 was CNY 0.1468, a decrease of 29.49% year-on-year[4] - Total operating revenue for the first three quarters of 2025 was CNY 5,686,586,075.78, a decrease of 5.36% compared to CNY 6,008,730,831.74 in the same period of 2024[18] - The net profit for the first three quarters of 2025 is CNY 612,434,209.25, a decrease from CNY 642,100,840.57 in the same period of 2024, representing a decline of approximately 1.04%[19] - The total profit for the first three quarters of 2025 is CNY 673,175,778.27, down from CNY 755,248,137.95 in 2024, reflecting a decrease of approximately 10.87%[19] Assets and Liabilities - Total assets increased to CNY 13,804,942,546.33, representing a growth of 16.94% from the end of the previous year[5] - The company's total assets as of September 30, 2025, reached CNY 13,804,942,546.33, an increase from CNY 11,805,481,793.20 at the end of 2024[16] - The total liabilities increased to CNY 4,746,548,038.25 as of September 30, 2025, compared to CNY 3,122,324,292.25 in 2024, indicating potential leverage for growth[15] Shareholder Equity - Shareholder equity attributable to the parent company was CNY 9,066,787,846.10, up 4.32% from the end of last year[5] - The company’s total equity attributable to shareholders increased to CNY 9,066,787,846.10 from CNY 8,691,248,994.19, reflecting a strengthening of the balance sheet[16] Cash Flow and Investments - The company's cash and cash equivalents decreased to CNY 2,361,103,965.23 from CNY 2,650,755,017.17, reflecting changes in liquidity management[14] - The net cash flow from operating activities for the first three quarters of 2025 is CNY 570,676,241.25, compared to CNY 732,580,167.60 in 2024, reflecting a decline of approximately 22.03%[22] - The net cash flow from investing activities for the first three quarters of 2025 is CNY -2,088,349,217.03, compared to CNY -22,593,677.68 in 2024, indicating a significant increase in cash outflow[22] - The net cash flow from financing activities for the first three quarters of 2025 is CNY 1,242,287,331.98, a recovery from CNY -1,847,962,714.84 in 2024, showing a positive turnaround[22] Costs and Expenses - Total operating costs for the first three quarters of 2025 were CNY 5,222,962,731.05, down from CNY 5,373,890,839.11 in 2024, reflecting a cost reduction strategy[18] - Research and development expenses for the first three quarters of 2025 amounted to CNY 180,553,061.99, compared to CNY 200,410,010.49 in 2024, indicating a focus on efficiency[18] Inventory and Credit Quality - The company reported a decrease in inventory to CNY 395,992,412.54 from CNY 363,963,243.72, suggesting improved inventory management[14] - The company recorded a credit impairment loss of CNY -1,172,099.29 for the current period, compared to CNY -4,229,397.22 in the previous period, indicating an improvement in credit quality[19] Non-Recurring Items - Non-recurring gains and losses for the period totaled CNY 356,083.26, with a year-to-date total of CNY 2,171,255.38[8] - The decline in total profit was primarily due to lower selling prices of polyvinyl chloride and dichloroethane products[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 69,659[10] Comprehensive Income - The company reported a total comprehensive income of CNY 552,254,159.93 for the first three quarters of 2025, down from CNY 641,486,178.73 in 2024, which is a decrease of about 13.88%[20] - The basic and diluted earnings per share for the first three quarters of 2025 are both CNY 0.5299, slightly up from CNY 0.5245 in 2024, showing an increase of approximately 0.65%[20]