江苏索普化工股份有限公司2025 年半年度报告 公司代码：600746 公司简称：江苏索普 江苏索普化工股份有限公司 2025 年半年度报告 1 / 174 江苏索普化工股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人邵守言、主管会计工作负责人陈志林及会计机构负责人（会计主管人员）田文 宪声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 公司不进行半年度利润分配或资本公积金转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真 ...

格隆汇8月12日｜江苏索普公告，2025年上半年营业收入31.58亿元，同比下降1.08%；净利润1.02亿 元，同比下降13.01%。公司不进行半年度利润分配或资本公积金转增股本。 ...

江苏索普同日披露2025年半年报，上半年营业收入31.58亿元，同比下降1.08%；归母净利润1.02亿元， 同比下降13.01%。 人民财讯8月12日电，江苏索普（600746）8月12日晚间披露2025年度向特定对象发行A股股票预案，拟 募资不超15亿元，用于醋酸乙烯及EVA一体化项目(一期工程)，即向醋酸乙烯领域拓展业务。 ...

转自：智通财经 【江苏索普：拟定增募资不超过15亿元】智通财经8月12日电，江苏索普(600746.SH)公告称，拟定增募 资不超过15亿元，扣除发行费用后的募集资金净额将用于醋酸乙烯及EVA一体化项目（一期工程）。 ...

江苏索普公告，2025年上半年营业收入31.58亿元，同比下降1.08%；净利润1.02亿元，同比下降 13.01%。公司不进行半年度利润分配或资本公积金转增股本。 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Views - The chlor-alkali industry is experiencing a recovery in profitability, driven by a tightening supply of glyphosate and glufosinate, leading to price increases [4][20] - The "anti-involution" policy is expected to be a key focus in 2025 and beyond, aiming to optimize the competitive landscape in the chemical industry [26] Summary by Sections Industry Trends - The chemical industry index outperformed the CSI 300 index by 1.1% this week, with 76.7% of the 545 tracked stocks showing weekly gains [17] - The average price of glyphosate increased to 26,399 CNY/ton, a rise of 0.37% from the previous week, while glufosinate also saw a price increase [21][22] Key Products Tracking - Urea and potassium chloride prices have risen, while phosphorite and phosphates remain stable [52] - The average price of urea reached 1,780 CNY/ton, up 0.62% from the previous week, driven by improved market sentiment [52][54] Recommended and Beneficiary Stocks - Recommended stocks include leading chemical companies such as Wanhua Chemical, Hualu Hengsheng, and Hengli Petrochemical [6][26] - Beneficiary stocks include companies like Jiangshan Co., Ltd. and Hebei New Chemical Materials [24][27]

Industry Overview - Chlorobenzene is a key organic chemical intermediate with irreplaceable strategic importance in agriculture, pharmaceuticals, dyes, and polymer materials [1][5] - In the first half of 2025, China's chlorobenzene industry is expected to experience a concentrated release of production capacity, leading to a significant increase in output, which is projected to reach 211,300 tons, a year-on-year growth of 71.43% [1][5] Industry Chain - The upstream of the chlorobenzene industry includes raw materials such as benzene, chlorine gas, and catalysts, as well as production equipment like chlorination reactors and distillation towers [3] - The midstream involves the production and manufacturing of chlorobenzene, while the downstream applications span agriculture, pharmaceuticals, dyes, pigments, fine chemicals, and synthetic materials [3] Current Industry Status - As of June 2025, the price of chlorobenzene is 4,964 yuan per ton, a year-on-year decrease of 33.25% due to increased market supply and reduced upstream raw material costs [7] - The industry operating rate in June 2025 is 55.69%, a decrease of 8.00 percentage points month-on-month but an increase of 21.21 percentage points year-on-year, driven by new production capacity and improved downstream demand [9] - The inventory level in the last week of June 2025 is 8,630 tons, a year-on-year increase of 643.97%, indicating a supply-demand imbalance [11] Key Enterprises - The chlorobenzene industry in China is highly concentrated, with a few large enterprises dominating the market. Anhui Bayi Chemical Co., Ltd. is the largest producer with an annual capacity of 320,000 tons [13] - Sinopec Nanjing Chemical Industry Co., Ltd. has an annual capacity of 150,000 tons and is a significant player in production technology and product quality [13] Industry Development Trends 1. The industry is transitioning from "scale expansion" to "quality upgrade," with technological advancements such as catalytic chlorination expected to reduce energy consumption and emissions [19] 2. The demand for chlorobenzene is expanding into high-value-added fields, particularly in pharmaceuticals and electronic chemicals, driven by the expiration of patents for key drugs [20] 3. Stricter environmental policies are pushing for a green transformation, leading to increased industry concentration as smaller firms face elimination due to rising compliance costs [21]

Group 1 - The core message emphasizes the importance of safety production in the chemical industry, highlighting the need for continuous improvement in safety management and the implementation of advanced technologies [1][2] - The government stresses the necessity of strict safety production responsibilities across all levels, including party leadership, departmental oversight, and corporate accountability [2] - There is a focus on upgrading old equipment and adopting new technologies to enhance safety measures and production efficiency within the industry [1][2] Group 2 - The analysis of typical safety accident cases in the chemical industry aims to identify characteristics and causes, leading to better safety practices [2] - The government encourages the cultivation of a safety culture within enterprises, including regular safety training and emergency drills for employees [2] - The establishment of a robust safety management system is crucial, with an emphasis on strict supervision, accountability, and the implementation of safety regulations [2]

Core Viewpoint - Jiangsu Sop Chemical Co., Ltd. has announced a cash dividend distribution plan for the fiscal year 2024, with a cash dividend of 0.05 CNY per share for A-shares, approved during the annual shareholders' meeting on May 23, 2025 [1][2]. Dividend Distribution Plan - The cash dividend distribution is set at 0.05 CNY per share, amounting to a total cash dividend of approximately 57.58 million CNY (including tax) based on the actual participating shares [1][2]. - The total share capital of the company is 1,167,842,884 shares, with 16,196,626 shares in the repurchase account, resulting in 1,151,646,258 shares eligible for the dividend distribution [1][2]. Important Dates - The key dates for the dividend distribution are as follows: - Record date: July 15, 2025 - Last trading day: July 16, 2025 - Ex-dividend date: July 16, 2025 [1][2]. Taxation on Dividends - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax, resulting in a net cash dividend of 0.05 CNY per share [3][4]. - For shares held for less than one year, the tax will be withheld upon transfer of the shares, with a tax burden of 20% for holdings of one month or less, and 10% for holdings between one month and one year [4][5]. - Qualified Foreign Institutional Investors (QFII) will have a 10% corporate income tax withheld, resulting in a net cash dividend of 0.045 CNY per share [5][6]. Implementation of Dividend Distribution - The cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited, with shareholders who have completed designated transactions able to receive their dividends on the payment date [2][3].

Group 1 - The legal opinion letter is issued by Jiangcheng Law Firm regarding Jiangsu Sop Chemical Co., Ltd.'s 2024 profit distribution plan, specifically addressing the differentiated equity distribution [2][4] - The company plans to distribute a cash dividend of 0.50 yuan (including tax) for every 10 shares, totaling approximately 57.58 million yuan (including tax) [7][8] - The shares held in the company's repurchase special securities account will not participate in the profit distribution, necessitating a differentiated equity distribution treatment [7][9] Group 2 - The legal opinion confirms that the differentiated equity distribution complies with relevant laws and regulations, including the Company Law and Securities Law, and does not harm the interests of the company or its shareholders [9][10] - The calculation of the ex-dividend reference price is based on the closing price prior to the distribution date, with minimal impact on the reference price [8][9]