证券代码：600935 证券简称：华塑股份 公告编号：2025-066 安徽华塑股份有限公司 关于持股 5%以上股东集中竞价减持股份计划公告 本公司董事会、全体董事及相关股东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： 大股东持股的基本情况 自本公告发布之日起满 15 个交易日后的 3 个月内，中国成达拟通过集中竞 价交易方式合计减持数量不超过 10,000,000 股，不超过公司总股本的 0.28%,在 任意连续 90 日内，减持股份的总数不超过公司股份总数的 1%。在上述减持计划 实施期间，公司发生派发红利、送红股、转增股本、增发新股或配股等股本变动 股本除权、除息事项的，中国成达可以对减持计划进行相应调整。 | 股东名称 | 中国成达工程有限公司 | | | | --- | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 直接持股 5%以上股东 | □是 √是 | √否 □否 | | | 董事、监事和高级管理人员 | □是 | √否 | | | 其他：- | | | | 持股数量 | 18 ...

Group 1 - The core point of the article is that China Chengda plans to reduce its holdings in Huashu Co., Ltd. by up to 10,000,000 shares, which represents 0.28% of the company's total share capital [1] - The reduction will occur through centralized bidding transactions within three months after the announcement, starting from the date of the announcement [1] - In any consecutive 90-day period, the total number of shares reduced will not exceed 1% of the company's total shares [1]

Core Viewpoint - The financial performance of Huashu Co., Ltd. shows a decline in revenue but an improvement in profitability metrics, indicating a mixed outlook for the company [1] Financial Performance Summary - Total revenue for the first half of 2025 was 2.187 billion yuan, a decrease of 6.46% year-on-year [1] - Net profit attributable to shareholders was -129 million yuan, an increase of 15.69% year-on-year [1] - Gross margin improved by 12.11% to 9.81%, while net margin increased by 9.86% to -5.88% [1] - Total expenses (selling, administrative, and financial) amounted to 115 million yuan, accounting for 5.28% of revenue, a decrease of 21.5% [1] - Cash flow from operating activities showed a significant improvement, with a year-on-year increase of 80.08% [1] Balance Sheet Changes - Cash and cash equivalents decreased by 42.03% due to increased cash payments for debt repayment [3] - Accounts receivable increased by 31.71% due to higher receivables from strategic customers [3] - Interest-bearing debt rose by 35.29% as project loans entered the repayment phase [2][3] - The company's net asset value per share decreased by 5.78% to 1.66 yuan [1] Industry Context - The chlor-alkali industry in China is experiencing controlled capacity expansion, with PVC production capacity reaching 29.51 million tons by the end of 2024, accounting for approximately 47% of the global total [4] - The demand for caustic soda is steadily increasing due to the growth in lithium iron phosphate and ternary battery markets, which is positively impacting the chlor-alkali balance [5] - The industry is seeing a shift towards more competitive enterprises, particularly in regions like North China, where ethylene-based PVC production is becoming more prevalent [6] Business Evaluation - The company's historical return on invested capital (ROIC) has been relatively low, with a median of 8.95% since its listing [7] - The business model relies heavily on capital expenditures, necessitating careful scrutiny of the viability of these investments [7] - The company's cash flow situation is concerning, with a cash to current liabilities ratio of only 23% [7]

据证券之星公开数据整理，近期华塑股份(600935)发布2025年中报。截至本报告期末，公司营业总收入 21.87亿元，同比下降6.46%，归母净利润-1.29亿元，同比上升15.69%。按单季度数据看，第二季度营业 总收入11.21亿元，同比下降11.44%，第二季度归母净利润-7324.13万元，同比上升34.73%。本报告期华 塑股份盈利能力上升，毛利率同比增幅12.11%，净利率同比增幅9.86%。 本次财报公布的各项数据指标表现一般。其中，毛利率9.81%，同比增12.11%，净利率-5.88%，同比增 9.86%，销售费用、管理费用、财务费用总计1.15亿元，三费占营收比5.28%，同比减21.5%，每股净资 产1.66元，同比减5.78%，每股经营性现金流-0.02元，同比增80.08%，每股收益-0.04元 | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 23.38亿 | 21.87亿 | -6.46% | | 归母净利润（元） | -1.53亿 | -1.29 亿 | 15.69% | | 扣非 ...

Group 1 - The core point of the article is that Huashu Co., Ltd. reported a decline in revenue and a net loss for the first half of 2025, indicating financial challenges [2] Group 2 - The company achieved operating revenue of 2,186,671,387.75 yuan for the first half of 2025, representing a year-on-year decrease of 6.46% [2] - The net profit attributable to shareholders of the listed company was -128,668,852.30 yuan for the same period [2]

Fundraising Overview - The company raised a total of RMB 152,080.06 million from its initial public offering (IPO) by issuing 38,599 million shares at a price of RMB 3.94 per share, with a net amount of RMB 140,192.00 million after deducting issuance costs of RMB 11,888.06 million [1][57] - As of June 30, 2025, the company has utilized RMB 104,982.12 million of the raised funds, with RMB 829.62 million used in the first half of 2025 [2][12] - The company has earned a net income of RMB 1,005.23 million from financial investments and interest income, with RMB 4,083.6 million remaining in the fundraising account as of June 30, 2025 [2][3] Specific Fundraising Activities - The company issued 87,336,244 shares to specific investors at a price of RMB 2.29 per share, raising a total of RMB 199,999,998.76, with a net amount of RMB 196,924,966.30 after deducting issuance costs [4][5] - By June 30, 2025, RMB 19,692.50 million of the funds raised from the specific issuance has been utilized [4][6] Fund Management and Compliance - The company has established a fundraising management system to ensure the proper use and management of raised funds, adhering to relevant laws and regulations [7][21] - The company has signed tripartite supervision agreements with banks and sponsors to ensure the safety of the raised funds [8][9] Project Updates and Adjustments - The company has concluded several fundraising projects, including the "2*300MW Thermal Power Unit Energy Efficiency Improvement Project" and the "Annual Production of 6,000 Tons of Trichlorosilane Project," reallocating surplus funds for new projects [57][61] - The company has adjusted the scale of the "Annual Production of 20,000 Tons of Solid Alkali and Caustic Soda Deep Processing Project" to 10,000 tons, reallocating the remaining funds to the "29.99984MW Photovoltaic Power Generation Project" [18][59] Financial Performance and Future Plans - The company plans to use surplus funds for permanent working capital and to implement new fundraising projects, including the "Annual Production of 50,000 Tons of PVC Modified Nano Calcium Carbonate Project" [57][61] - The company has reported that the "Annual Production of 6,000 Tons of Trichlorosilane Project" has not met expected benefits due to a decline in market prices [24][25]

华塑股份（SH 600935，收盘价：2.51元）8月19日晚间发布半年度业绩报告称，2025年上半年营业收入 约21.87亿元，同比减少6.46%；归属于上市公司股东的净利润亏损约1.29亿元；基本每股收益亏损0.04 元。2024年同期营业收入约23.38亿元；归属于上市公司股东的净利润亏损约1.53亿元；基本每股收益亏 损0.04元。 （文章来源：每日经济新闻） ...

每经AI快讯，华塑股份（SH 600935，收盘价：2.51元）8月19日晚间发布公告称，公司第六届第三次董 事会会议于2025年8月19日以现场结合通讯方式召开。会议审议了《关于公司2025年半年度报告及其摘 要的议案》等文件。 2024年1至12月份，华塑股份的营业收入构成为：基础化学原料制造业占比80.4%，采矿业占比 10.18%，其他占比4.76%，水泥制造业占比4.51%，其他业务占比0.16%。 截至发稿，华塑股份市值为90亿元。 每经头条（nbdtoutiao）——一纸文件征求意见，药店老板们睡不着觉了 （记者 胡玲） ...

证券日报网讯 8月19日晚间，华塑股份发布公告称，公司第六届董事会第三次会议审议通过了《关于公 司2025年半年度报告及其摘要的议案》等多项议案。 （文章来源：证券日报） ...

Group 1 - The company Huashu Co., Ltd. announced on the evening of August 19 that its sixth supervisory board's second meeting approved several proposals, including the proposal for the company's 2025 semi-annual report and its summary [2]