证券代码：601117 股票简称：中国化学 公告编号：临 2025-050 中国化学工程股份有限公司 关于回购注销 2022 年限制性股票激励计划部分限制 性股票及调整回购价格的公告 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： 回购注销原因：根据中国化学工程股份有限公司（以下 简称"公司"）《2022 年限制性股票激励计划（草案）》（以 下简称"《激励计划》"）、《2022 年限制性股票激励计划管 理办法》《2022 年限制性股票激励计划实施考核管理办法》等 相关规定，公司 1 名激励对象因被撤职，不再属于激励范围，对 其已获授权的全部限制性股票 9.9 万股由公司回购注销；公司 5 名激励对象 2024 年度考核为合格或不合格，对上述人员当年计 划解除限售股票的部分或全部由公司回购，其中 3 人考核为合格， 其个人当年计划解除限售股票的 80%可解除限售，其余 20%由公 司回购注销，2 人考核为不合格，其当年计划解除限售股票的 100%由公司回购注销。上述 5 人回购注销的限制性股票数量共计 11.2 ...

证券代码：601117 股票简称：中国化学 公告编号：临 2025-052 中国化学工程股份有限公司 关于 2022 年限制性股票激励计划第二个解除限售期解 除限售条件达成的公告 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： 中国化学工程股份有限公司（以下简称"公司"）2022 年限 制性股票激励计划（以下简称"《激励计划》"）第二个解除限售 期将于 2025 年 11 月 11 日届满，相应的解除限售条件已经成就， 符合解除限售条件的激励对象共计 458 名，可解除限售的限制性股 票数量合计 18,486,600 股，约占目前公司总股本的 0.3027%。 公司将在办理完毕相关解除限售申请手续后、股份上市 流通前，发布限制性股票解除限售暨股份上市公告，敬请投资者 注意。 公司于 2025 年 10 月 15 日召开第五届董事会考核与薪酬委员 会第六次会议及第五届董事会第三十次会议，审议通过了《关于公 司 2022 年限制性股票激励计划第二期解除限售的议案》，现就 相关事项公告如下： 1 一、股权激励计划批 ...

北京海润天睿律师事务所 关于中国化学工程股份有限公司 2022 年限制性股票激励计划首次授予第二期解除限售及回购注 销部分限制性股票相关事项的 法律意见书 二零二五年十月 北京市朝阳区建外大街甲14号广播大厦5/9/10/13/17层 邮政编码：100022 电话：86-10-65219696 传真：86-10-88381869 第 1 页 共 14 页 北京海润天睿律师事务所关于中国化学工程股份有限公司 2022 年限 制性股票激励计划首次授予第二期解除限售及回购注销部分限制性 股票相关事项的法律意见书 致：中国化学工程股份有限公司 北京海润天睿律师事务所（以下简称"本所"）接受中国化学工程股份有限 公司（以下简称"中国化学"或"公司"）的委托，就中国化学 2022 年限制性 股票激励计划（以下简称"本激励计划"）首次授予第二期解除限售（以下简称 "本次解除限售"）及回购注销部分限制性股票（以下简称"本次回购注销"） 相关事项，根据现行有效适用的《中华人民共和国公司法》（以下简称"《公司 法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公 司股权激励管理办法》（以下简称"《管理办法》"） ...

中国化学工程股份有限公司 证券代码：601117 股票简称：中国化学 公告编号：临 2025-051 二、通知债权人的相关信息 公司本次回购注销股份将导致公司注册资本减少，根据《中 华人民共和国公司法》等相关法律、法规和《公司章程》的规定， 公司特此通知债权人。本公司债权人自接到公司通知起 30 日内、 1 未接到通知者自本公告披露之日起 45 日内，均有权凭有效债权文 件及相关凭证有权要求本公司清偿债务或者提供相应担保。债权 人如未在规定期限内行使上述权利的，不会因此影响其债权的有 效性，公司承担的相关债务（义务）将由公司根据原债权文件的 约定继续履行。 关于回购注销部分限制性股票减少注册资本 暨通知债权人的公告 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。 一、通知债权人的原因 中国化学工程股份有限公司（以下简称"公司"）于 2025 年 10 月 15 日召开第五届董事会第三十次会议，审议通过了《关于回 购注销部分限制性股票及调整回购价格的议案》。公司将回购注销 6 名激励对象的限制性股票共计 21.12 万股，前述 ...

证券代码：601117 股票简称：中国化学 公告编号：临 2025-053 李胜利先生作为关联董事回避表决。 表决结果：通过。同意 6 票，反对 0 票，弃权 0 票。 中国化学工程股份有限公司 第五届董事会第三十次会议决议公告 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： 一、董事会会议召开情况 中国化学工程股份有限公司（以下简称"公司"）第五届董 事会第三十次会议通知于 2025 年 10 月 10 日发出，会议于 2025 年 10 月 15 日以通讯会议方式召开。本次会议应出席董事 7 人， 实际出席董事 7 人。本次会议的召开符合有关法律、行政法规、 规范性文件和公司章程、董事会议事规则的相关规定。 二、董事会会议审议情况 （一）审议通过《关于公司 2022 年限制性股票激励计划第 二期解除限售的议案》； 1 公司全体董事均出席本次董事会。 本次董事会所有议案均获通过。 （二）审议通过《关于公司回购注销部分限制性股票及 调整回购价格的议案》； 董事会同意将该议案提交公司 2025 年第二次临时股东 ...

每经头条（nbdtoutiao）——"短板"正在被一块块补上！直击湾芯展："中国芯"是怎么炼成的 每经AI快讯，中国化学（SH 601117，收盘价：7.57元）10月16日晚间发布公告称，公司第五届第三十 次董事会会议于2025年10月15日以通讯会议方式召开。会议审议了《关于公司回购注销部分限制性股票 及调整回购价格的议案》等文件。 （记者 曾健辉） 截至发稿，中国化学市值为462亿元。 ...

Core Insights - The Hainan Sike Source 300,000 tons/year bioenergy project, constructed by China Chemical's subsidiary China Five Ring Engineering Co., has officially launched [1] - The project aims to process 300,000 tons of waste oils annually, contributing to the reduction of greenhouse gas emissions and providing clean, low-carbon renewable biomass liquid fuel [1] Project Overview - The project is located in the Yangpu Economic Development Zone, Danzhou City, Hainan Province, covering an area of 100,000 square meters [1] - It will utilize waste oils such as kitchen waste oil and acidified oils through hydrogenation refining and hydrogen isomerization to produce bio-jet fuel [1] Environmental Impact - The implementation of this project will replace traditional fossil fuels in the transportation sector, thereby reducing greenhouse gas emissions [1] - It enhances Hainan's capacity for the reduction, harmless treatment, and resource utilization of kitchen waste, supporting the province's waste resource management efforts [1] Company Commitment - The company’s deputy general manager, Yan Shuanghua, emphasized the commitment to leverage the company's technological, talent, and management advantages in the energy sector to ensure the project's timely completion and production [1]

Core Insights - China Chemical Donghua Company has signed a general contracting agreement for a phosphate fertilizer project with India's Rama Holdings and Egypt's Phosphate Company [1] Group 1 - The project is located in Ain Sokhna, Egypt, approximately 120 kilometers from Cairo [1] - The construction includes a 3,100 tons per day sulfuric acid plant and a 1,935 tons per day DAP (Diammonium Phosphate) facility, along with supporting utilities [1]

Investment Rating - The report rates the construction and decoration industry as "Overweight," indicating that the industry is expected to outperform the overall market [7]. Core Insights - The construction and decoration industry is experiencing a slowdown in investment, leading to pressure on corporate profits. Infrastructure investment remains a stabilizing factor despite the overall weak economic backdrop [2][3]. - The report highlights that fixed asset investment growth has slowed, with manufacturing and real estate under pressure. However, infrastructure investment has shown a year-on-year increase of 5.4% for the first eight months of 2025 [2]. - The report predicts that corporate profits for the first three quarters of 2025 will face certain pressures due to the focus on project quality and local government debt issues [2][3]. Summary by Relevant Sections Corporate Profit Growth Forecast - Companies with profit growth below -10%: China Railway, China Metallurgical Group, China Communications Construction, Anhui Construction, Shanghai Construction, Honglu Steel Structure, Southeast Network Frame [3]. - Companies with profit growth between -10% and 0%: China Railway Construction, China Electric Power Construction, China Steel International, Tunnel Corporation [3]. - Companies with profit growth between 0% and 10%: China Energy Engineering, China Chemical Engineering, Sichuan Road and Bridge [3]. - Companies with profit growth between 10% and 20%: Donghua Technology [3]. - Companies with profit growth above 20%: Jianfa Heceng, Zhite New Materials, Shenzhen Ruijie [3]. Valuation of Key Companies - The report provides a valuation table for key companies in the construction industry, indicating their earnings per share (EPS), price-to-earnings (PE) ratios, and projected net profit growth for 2024 to 2026 [3]. - For example, China Railway has a PE ratio of 5.2 for 2025E, with a projected net profit of 26.88 billion yuan and a profit growth forecast of -4% [3]. Investment Recommendations - The report recommends low-valuation central enterprises such as China Chemical Engineering, China Railway, and China Railway Construction, while also suggesting attention to China Electric Power Construction and China Energy Engineering [2]. - It highlights that the construction sector could achieve excess returns if optimistic expectations for core drivers materialize, as current valuations (PE of 12.4X and PB of 0.82X) do not fully reflect the potential [2].

Investment Rating - The report gives an "Overweight" rating for the construction and decoration industry, indicating a positive outlook compared to the overall market performance [2][9]. Core Insights - The construction industry is experiencing a slowdown in investment, leading to pressure on corporate profits. Despite this, infrastructure investment remains stable, acting as a stabilizing force in the overall economy [3][4]. - The report highlights that companies with a net profit growth rate below -10% include China Railway, China Metallurgical Group, and others, while those with growth rates above 20% include Jianfa Hecheng and Zhi Te New Materials [3][4]. - The report suggests that weak investment could lead to a valuation recovery for central state-owned enterprises in the construction sector, as current valuations are low with a PE ratio of 12.4X and a PB ratio of 0.82X as of October 10, 2025 [3][4]. Summary by Sections Investment Trends - Fixed asset investment growth has slowed, with infrastructure investment showing a year-on-year increase of 5.4% for the first eight months of 2025. The report notes that while manufacturing and real estate are under pressure, infrastructure investment remains relatively stable [3][4]. Profit Forecasts - The report provides a forecast for net profit growth rates for key companies in the industry, categorizing them into various growth ranges, with several companies expected to face profit pressures in 2025 [4]. Valuation Analysis - The report includes a valuation table for key companies in the construction industry, indicating their earnings per share (EPS), PE ratios, and projected net profit growth rates for 2024 to 2026. For instance, China Railway is projected to have a net profit decline of 17% in 2025, while Jianfa Hecheng is expected to see a significant increase of 45% [4].