二〇二五年八月（修订） 2024 年度向特定对象发行 A 股股票 募集资金使用可行性分析报告 1 1、充实营运资金，拓展融资路径，促进公司可持续健康发展 为缓解内蒙古金煤化工科技股份有限公司（以下简称"公司"）的营运资金 需求压力，提高偿债能力，改善公司财务状况，提升公司抗风险能力，增强公 司持续经营能力，公司向特定对象发行股票募集资金将全额用于补充公司流动 资金。对于本次募集资金使用的可行性分析如下： 公司具有成熟的煤制乙二醇、草酸等相关产品的生产制备技术，在煤化工 领域具有较强的技术能力。近年来，由于主要产品价格低迷、褐煤等原料价格 上涨等不利因素，公司的经营业绩表现较差，连年亏损。公司需要充实营运资 金，缓解公司资金压力，为公司实现经营战略目标提供资金保障。 另一方面，受制于近年来业绩表现较差，公司的融资渠道受限，同第三方 开展业务合作同样亦会受到影响，公司亟需以股权融资方式补充资金，壮大公 司资本实力，帮助公司跨越难关，以满足公司提升现有的生产效率，改善产品 结构，进一步增强与第三方合作等方面的发展需求。 一、本次向特定对象发行募集资金使用计划 公司本次向特定对象发行股票募集资金全额用于补充公司流动资 ...

证券代码：600844，900921 证券简称：金煤科技，金煤 B 股 编号：临 2025－037 内蒙古金煤化工科技股份有限公司 十一届十五次董事会决议公告 修订后的《论证分析报告》和《可行性分析报告》将与本公告一起在上海证 券交易所网站（www.sse.com.cn）同日披露。 表决结果：9 票赞成，0 票反对，0 票弃权。 1 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。 公司第十一届董事会第十五次会议通知于 2025 年 8 月 19 日以微信及电子邮 件方式发出，会议由董事长蒋涛召集，于 2025 年 8 月 22 日以通讯方式召开，应 表决董事 9 名，实际参加表决董事 9 名。本次会议的召开符合《公司法》和《公 司章程》的有关规定。 会议审议并通过了如下议案： 一、关于《2024 年度向特定对象发行 A 股股票方案的论证分析报告（修订）》 的议案 二、关于《2024 年度向特定对象发行 A 股股票募集资金使用可行性分析报 告（修订）》的议案 2024 年 7 月 19 日，公司十一届四次董事会会议审议通过 ...

5.7.5 Meta Biomed企业最新动态 5.8 丹化科技 5.8.1 丹化科技基本信息、聚乙交酯（PGA）生产基地、销售区域、竞争对手及市场地位 5.8.2 丹化科技 聚乙交酯（PGA）产品规格、参数及市场应用 5.8.3 丹化科技 聚乙交酯（PGA）销量、收入、价格及毛利率（2020-2025） 5.8.4 丹化科技公司简介及主要业务 5.8.5 丹化科技企业最新动态 5.9 惠州华阳医疗 5.9.1 惠州华阳医疗基本信息、聚乙交酯（PGA）生产基地、销售区域、竞争对手及市场地位 5.9.2 惠州华阳医疗 聚乙交酯（PGA）产品规格、参数及市场应用 5.9.3 惠州华阳医疗 聚乙交酯（PGA）销量、收入、价格及毛利率（2020-2025） 5.9.4 惠州华阳医疗公司简介及主要业务 5.9.5 惠州华阳医疗企业最新动态 5.10 上海浦景化工 5.10.1 上海浦景化工基本信息、聚乙交酯（PGA）生产基地、销售区域、竞争对手及市场地位 5.10.2 上海浦景化工 聚乙交酯（PGA）产品规格、参数及市场应用 5.10.3 上海浦景化工 聚乙交酯（PGA）销量、收入、价格及毛利率（2020-2025） ...

Company Overview - Xianghua Chemical Co., Ltd. (002109.SZ) is experiencing a continuous loss, with an expected net loss of 180-210 million yuan for the first half of 2025, marking its third consecutive year of mid-year losses [1][2] - In the first half of 2023, the company reported a net loss of 176 million yuan, transitioning from profit to loss for the first time, and the loss further expanded to 259 million yuan in the first half of 2024 [3] Financial Performance - The primary reasons for the losses include low sales prices of main products and insufficient market demand. Although there was some recovery in operational performance due to a decline in raw material prices, the overall effectiveness remains in a loss state [3] - The company's main products include synthetic ammonia, methanol, methylamine, and dimethylformamide (DMF), with an annual production capacity of 300,000 tons of synthetic ammonia, 300,000 tons of methanol, and 100,000 tons of methylamine/DMF [3] - The market price for synthetic ammonia hit a low of 2,387 yuan/ton by the end of June 2023, a decrease of 17.49% year-on-year [3] - Methanol prices showed a "strong then weak" trend, with a cumulative decline of approximately 18% in the first half of 2024 [3] Product Pricing and Demand - The prices of methylamine and DMF from Xianghua Chemical's subsidiary fell significantly, with year-on-year declines of 65.97% and 64.8%, respectively, leading to a 41.76% drop in overall gross margin and a reduction of 675 million yuan in gross profit for these two products [4] - The company is backed by Shaanxi Yanchang Petroleum Group, which holds 69.37% of Xianghua's shares, making it a platform company under the state-owned enterprise [5] Strategic Moves - In response to ongoing losses, Xianghua has pursued several major asset restructurings and acquisitions, including the acquisition of a 51% stake in Yushen Energy Chemical for 995 million yuan in February 2023, which focuses on ethanol production [6] - The company also plans to invest 344 million yuan to acquire 80% of Shaanxi Yanchang Petroleum Xianghua New Energy Co., Ltd. [6] - Despite these acquisitions, the company has not yet managed to reverse its loss trend [7] Industry Context - The continuous losses of Xianghua Chemical reflect a broader trend in the petrochemical industry, which is undergoing significant adjustments. The industry saw a revenue of 16.28 trillion yuan in 2024, a year-on-year increase of 2.1%, but profits fell by 8.8% [7] - The petrochemical sector has faced three consecutive years of profit declines, with a 20.7% drop in 2023 [7] - Factors contributing to the industry's struggles include insufficient market demand, rapid capacity growth, and intensified competition, leading to product prices reaching near historical lows [7] Future Outlook - Although there are no current expectations for "anti-involution" policies in the petrochemical sector, there is a strong willingness among companies to improve profitability. Successful implementation of such policies in other sectors may boost market expectations for self-driven "anti-involution" efforts in the petrochemical industry [9]

Core Viewpoint - Jinmei Technology (600844) reported a significant increase in revenue and a reduction in net loss for the first half of 2025, indicating improved operational performance despite ongoing challenges in profitability [1][3]. Financial Performance - Total revenue for the first half of 2025 reached 473 million yuan, a year-on-year increase of 18.49% compared to 400 million yuan in the same period of 2024 [1]. - The net profit attributable to shareholders was -72.81 million yuan, showing a 34.89% improvement from -112 million yuan in the previous year [1]. - The gross margin improved significantly, with a year-on-year increase of 78.54%, resulting in a gross margin of -3.41% [1][3]. - The net margin also improved, with a year-on-year increase of 45.62%, leading to a net margin of -19.36% [1][3]. Cost and Expense Management - Total selling, administrative, and financial expenses amounted to 59.79 million yuan, accounting for 12.63% of revenue, a decrease of 28.19% year-on-year [1]. - Sales expenses decreased by 19.53% due to reduced personnel costs, while management expenses fell by 17.23% due to lower pollution and safety production fees [3]. Cash Flow and Assets - Cash flow from operating activities showed a significant increase of 121.22%, indicating improved cash generation from operations [3]. - The company's cash and cash equivalents increased by 12.99% to 28.90 million yuan, while accounts receivable decreased by 47.21% to 11.81 million yuan [1][3]. Investment and Returns - The company's historical return on invested capital (ROIC) has been poor, with a median ROIC of -12.24% over the past decade, and a particularly low ROIC of -47.68% in 2024 [4]. - The company has reported losses in 15 out of 31 annual reports since its listing, indicating a challenging investment profile [4]. Financial Health Indicators - The ratio of cash to current liabilities is only 4.88%, suggesting potential liquidity concerns [5]. - The average net cash flow from operating activities over the past three years has been negative, raising concerns about the company's financial sustainability [5].

2025年8月12日，金煤科技(600844.SH)发布2025年中报。 公司最新毛利率为-3.41%，较上季度毛利率增加1.25个百分点，实现2个季度连续上涨，较去年同期毛 利率增加12.50个百分点。最新ROE为-46.53%。 公司摊薄每股收益为-0.07元，较去年同报告期摊薄每股收益增加0.04元。 公司最新总资产周转率为0.38次，较去年同期总资产周转率增加0.11次，实现6年连续上涨，同比较去年 同期上涨38.05%。最新存货周转率为6.60次，较去年同期存货周转率增加0.42次，实现3年连续上涨， 同比较去年同期上涨6.81%。 公司营业总收入为4.73亿元，较去年同报告期营业总收入增加7387.60万元，同比较去年同期上涨 18.49%。归母净利润为-7280.74万元，较去年同报告期归母净利润增加3901.75万元。经营活动现金净流 入为1257.91万元，较去年同报告期经营活动现金净流入增加7185.45万元。 公司最新资产负债率为75.91%。 公司股东户数为6.19万户，前十大股东持股数量为3.22亿股，占总股本比例为31.71%，前十大股东持股 情况如下： | 序号 | 股东名称 | ...

Group 1 - The core viewpoint of the report emphasizes the importance of reviewing the full semi-annual report for a comprehensive understanding of the company's operational results, financial status, and future development plans [1][4]. - The board of directors and senior management guarantee the authenticity, accuracy, and completeness of the semi-annual report, taking legal responsibility for any false statements or omissions [1][6]. - The company will not distribute profits or increase capital reserves through stock issuance for the fiscal year 2025 [4]. Group 2 - The company is identified as Inner Mongolia Jinmei Chemical Technology Co., Ltd., with stock codes 600844 and 900921 [5]. - The report includes a section on major financial data, although specific figures are not provided in the excerpts [5]. - There are no changes in the controlling shareholder or actual controller during the reporting period [5].

Group 1 - The company reported a revenue of 473 million yuan for the first half of 2025, representing a year-on-year increase of 18.49% [1] - The net profit attributable to shareholders of the listed company was a loss of 72.81 million yuan [1] - The non-recurring net profit was a loss of 73.96 million yuan, with a basic earnings per share of -0.0716 yuan [1]

金煤科技（SH 600844，收盘价：3.38元）8月11日晚间发布半年度业绩报告称，2025年上半年营业收入 约4.73亿元，同比增加18.49%；归属于上市公司股东的净利润亏损约7281万元；基本每股收益亏损 0.0716元。2024年同期营业收入约4亿元；归属于上市公司股东的净利润亏损约1.12亿元；基本每股收益 亏损0.11元。 （文章来源：每日经济新闻） ...

内蒙古金煤化工科技股份有限公司2025 年半年度报告 公司代码：600844，900921 公司简称：金煤科技，金煤 B 股 内蒙古金煤化工科技股份有限公司 内蒙古金煤化工科技股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会及董事、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、 公司负责人蒋涛、主管会计工作负责人蒋勇飞及会计机构负责人（会计主管人员）陈丽华 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 六、 前瞻性陈述的风险声明 √适用 □不适用 本半年度报告涉及未来计划等前瞻性陈述，该等陈述不构成公司对投资者的实质承诺，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实性、准确性和完整性 否 十、 重大风险提示 本公司面临的重 ...