2023 年年度股东大会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (二)股东大会召开的地点：中国化学大厦 (三)出席会议的普通股股东和恢复表决权的优先股股东及 其持有股份情况 证券代码：601117 证券简称：中国化学 公告编号：2024-029 中国化学工程股份有限公司 (一)股东大会召开的时间：2024 年 5 月 20 日 二、 议案审议情况 (四)表决方式是否符合《公司法》及《公司章程》的规定， 大会主持情况等。 本次会议由公司董事会召集，由公司董事长莫鼎革先生主持。 会议的召集、召开及表决方式符合《公司法》等法律法规及《公 司章程》的规定。 1 (五)公司董事、监事和董事会秘书的出席情况 1、公司在任董事 6 人，出席 6 人； 2、公司在任监事 3 人，出席 3 人； | 1、出席会议的股东和代理人人数 | 113 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 3,271,604,202 ...

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 2023 年年度股东大会的法律意见书 致：中国化学工程股份有限公司 (二)本次股东大会现场会议于 2024 年 5 月 20 日 14:30 在北京市东城区中 国化学大厦如期召开，现场会议由公司董事长莫鼎革先生主持。 (三)本次股东大会采用现场投票与网络投票相结合的方式，公司通过上海证 券交易所股东大会网络投票系统和股东大会互联网投票平台提供了网络形式的 投票平台，其中，通过上海证券交易所网络投票系统投票平台进行网络投票的具 体时间为股东大会召开当日的交易时间段，即上午 9:15-9:25，9:30-11:30， 13:00-15:00；通过股东大会互联网投票平台投票的具体时间为股东大会召开当 日的 9:15-15:00。 本所律师经审查认为，公司已对本次股东大会的会议召开时间、地点、审议 事项等内容进行了充分披露；本次股东大会网络投票时间安排符合相关规范性文 第 1 页 共 8 页 件的规定；公司本次股东大会的召开情况与公司关于召开本次股东大会的通知及 公告一致；公司本次股东大会的召集、召开程序符合《公司法》《股东大会规则》 等法律、法规、规范性文件及《 ...

%% research.95579.com %% 丨证券研究报告丨 公司研究丨点评报告丨中国化学（ ） 601117.SH [Table_Title] 海外订单快速增长，股权激励指引成长 报告要点 [公Ta司ble2_0S2u3m年m实ar现y]营收1783.58亿元，同增13.09%；归属净利润54.26亿元，同增0.20%。 2024年Q1实现营收449.39亿元，同增5.51%；归属净利润12.16亿元，同增9.50%。 ...

2024年5月17日 公司研究 化学工程新签合同加速提升，海外新签合同持续高景气 ——中国化学（601117.SH）2024 年 1-4 月经营数据点评 要点 买入（维持） 当 前价：8.01元 事件： 公司公告2024年1-4月经营数据。24年1-4月，公司新签合同金额1508亿元， 作者 同比+21.0%，24年4月单月新签229亿元，同比+14.1%。 分析师：孙伟风 工程承包及实业新材料齐发力，新签合同持续增长：24 年 1-4 月公司建筑工程 执业证书编号：S0930516110003 021-52523822 承包/勘察设计监理咨询/实业及新材料销售/现代服务业新签合同金额为 sunwf@ebscn.com 1441/14/28/4 亿元，同比+21.2%/-33.5%/+20.9%/-52.7%；24 年 4 月单月， 公司建筑工程承包/勘察设计监理咨询/实业及新材料销售/现代服务业新签合同 分析师：吴钰洁 金额为219/2/7/1亿元，同比+15.6%/-22.5%/+20.3%/-65.7%。 执业证书编号：S0930523100001 021-52523879 化工品涨价或提升项目投资建设 ...

证券代码：601117 股票简称：中国化学 公告编号：临 2024-028 中国化学工程股份有限公司 关于经营情况简报的公告 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 担个别及连带责任。 现将公司 2024 年 1-4 月主要经营情况公布如下，供各位投 资者参阅。 | 业务类型 | 数量 | 合同金额 | | --- | --- | --- | | 建筑工程承包 | 1247 | 1441.22 | | 化学工程 其 | 989 | 1132.43 | | 基础设施 中 | 206 | 265.47 | | 环境治理 | 52 | 43.32 | | 勘察设计监理咨询 | 750 | 13.77 | | 实业及新材料销售 | | 27.79 | | 现代服务业 | | 4.18 | | 其他 | | 21.18 | | 合计 | 1997 | 1508.14 | 单位：亿元 币种：人民币 1 二、 按地区分布统计 单位：亿元 币种：人民币 | 地区 | 合同金额 | | --- | --- | | 境内 | 1195.57 | | ...

证券研究报告 公 2024年05月10日 司 报 告 中国化学(601117) │ 行 业： 建筑装饰/专业工程 公 投资评级： 买入（首次） 司 当前价格： 7.62元 境外新签高增，“两商”转型扎实推进 年 目标价格： 10.01元 报 点 公司发布23年年报和24年一季报，23fy营业总收入1,792亿元，yoy+13%； 评 基本数据 归母净利54亿元，同比+0%；扣非归母净利52亿元，yoy+4%。单季度看， 总股本/流通股本(百万股) 6,109.47/6,049.51 23q4/24q1公司营业总收入分别475/452亿，分别yoy+26%/+6%；归母净利 流通A股市值(百万元) 46,097.27 分别 17/12 亿，分别 yoy+0%/+10%；扣非归母净利分别 15/12 亿，分别 yoy+7%/+4%。 每股净资产(元) 9.62  境外新签延续高增，收入增长动能强劲 资产负债率(%) 70.06 分业务来看，23fy化学工程/基础设施/环境治理/实业及新材料/现代服务 一年内最高/最低(元) 10.04/5.68 业收入分别1,424/220/28/77/30亿元，分别yoy+2 ...

Investment Rating - The report maintains a rating of "Buy" for China Chemical (601117) with a target price of 11.00 CNY, reflecting a potential upside from the current price of 7.60 CNY [3][4]. Core Views - The company is expected to benefit from rising chemical prices and improved industry demand, with a projected 1% increase in new contracts to 330 billion CNY and an 8.8% increase in total revenue to 195 billion CNY for 2024 [2]. - In Q1 2024, new contracts increased by 22%, with overseas contracts surging by 240%, indicating strong growth momentum [2][8]. - China Chemical holds a dominant market position in the coal chemical sector domestically and is a leader internationally, with significant market shares in chemical and petrochemical sectors [2]. - The company is expanding into high-value new materials and has successfully launched several projects, including ethylene glycol and phase change materials, with plans for further development in biodegradable plastics and high-performance fibers [2][7]. - The company is involved in major overseas projects, including the largest integrated ethylene project in Russia, and has secured contracts worth 8.18 billion CNY for fertilizer projects in Egypt [2][7]. Summary by Sections Financial Projections - The report forecasts EPS growth of 10% in 2024, 9% in 2025, and 8% in 2026, with projected EPS of 0.98, 1.07, and 1.15 CNY respectively [2]. - The company aims for a profit total of 7.4 billion CNY in 2024, reflecting a 7.2% increase [2]. Market Position - China Chemical is recognized as a national leader in the oil and chemical engineering sector, maintaining the top position globally in oil and gas services [2]. - The company is focusing on expanding its core business in high-value new materials, with ongoing projects expected to contribute positively to cash flow [2][7]. Recent Performance - In March 2024, manufacturing investment increased by 10.3% year-on-year, with chemical investment specifically rising by 10.4% [2]. - The company’s order book reached 3.268 billion CNY in 2023, with a growth rate of 10.1% expected for 2024 [7][8].

Investment Rating - The investment rating for the company is "Buy" [1][4]. Core Views - The report maintains a "Buy" rating based on the annual report disclosure and forecasts a revenue growth rate of 8.8% for 2024, with a target price of 11.00, corresponding to a PE ratio of 11 times for 2024 [1][4]. - The company reported a net profit increase of 0.2% in 2023, which was below expectations, while the net profit for Q1 2024 increased by 9.5% [1][4]. - The company achieved a 22% increase in new orders in 2024, with a significant 240% increase in overseas orders [1][4]. Summary by Relevant Sections Financial Performance - In 2023, the company achieved a revenue of 178.4 billion, an increase of 13.1%, and a net profit of 5.4 billion, an increase of 0.2% [1][4]. - The operating cash flow for 2023 was 91 billion, a significant increase of 509% compared to 2022 [1][4]. - The report forecasts revenues of 195.6 billion for 2024, with a net profit of 5.96 billion, reflecting a growth rate of 10% [1][4]. Order Book and Future Outlook - The company plans to achieve a total revenue of 1,950 billion in 2024, with a profit target of 740 million, indicating a growth of 7.2% [1][4]. - The new signed orders for Q1 2024 reached 1,279 billion, marking a 22% increase year-on-year [1][4]. - The company aims for a dividend yield of 2.8% with a payout ratio of 20% [1][4]. Valuation Metrics - The target price is set at 11.00, with the current price at 7.27, indicating potential upside [1][4]. - The report highlights a projected EPS of 0.98 for 2024, with a growth rate of 10% [1][4]. - The company’s net profit margin for 2023 was reported at 3.04%, with a return on equity (ROE) of 9.83% [1][4].

上 市 公 司 建筑装饰 2024 年05月 05 日 中国化学 (601117) 公 司 研 究 ——现金流大幅改善，化工主业快速增长 / 公 司 点 报告原因：有业绩公布需要点评 评 买入 投资要点： （维持）  23年归母净利润同比+0.20%、略低于预期，扣非利润同比+3.86%。23年公司营业总收入1,792亿， 同比+13.1%；归母净利润54.3亿，同比+0.20%，低于我们此前预期，主要系23年减值计提规模提 证 市场数据： 2024年04月30日 升，扣非净利润 52.02亿，同比+3.86%。23年公司毛利率、归母净利率分别为 9.41%、3.03%，同 券 收盘价（元） 6.9 研 一年内最高/最低（元） 10.87/5.68 比分别+0.07pct、-0.39pct；期间费用率合计为5.28%，同比+0.14pct，其中销售、管理、研发和财 究 市净率 0.7 务费用率分别为-0.01pct、+0.02pct、+0.00pct、+0.13pct。23年资产及信用减值损失5.88亿，占 报 息率（分红/股价） - 比营收上升0.23pct至0.33%。分季度看，23Q1/Q2/Q3/Q ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company has shown significant improvement in operating cash flow in 2023, driven by strong overseas business performance [6][8] - The company achieved total revenue of 179.2 billion yuan and a net profit attributable to shareholders of 5.4 billion yuan in 2023, reflecting a year-on-year growth of 13.1% and 0.2% respectively [6] - The company has a robust order backlog, with new contracts signed in 2023 amounting to 326.75 billion yuan, a 10% increase year-on-year [7] Summary by Sections Financial Performance - In 2023, the company reported total revenue of 179.2 billion yuan, with a net profit of 5.4 billion yuan, and a non-recurring net profit of 5.2 billion yuan, showing growth rates of 13.1%, 0.2%, and 3.9% respectively [6] - For Q1 2024, the company recorded revenue of 45.2 billion yuan and a net profit of 1.2 billion yuan, representing growth rates of 5.5% and 9.5% year-on-year [6] Order Book and Contracts - The company signed new contracts worth 326.75 billion yuan in 2023, with significant contributions from chemical engineering and emerging industries, which saw increases of 23.5% and 28% respectively [7] - In Q1 2024, new contracts totaled 127.9 billion yuan, with overseas contracts growing significantly by 240.2% [7] Profitability and Cash Flow - The company's gross margin for 2023 was 9.4%, with a net profit margin of 3.4%, showing slight improvements year-on-year [7] - Operating cash flow improved significantly in 2023, with a net cash inflow of 9.13 billion yuan, an increase of 7.63 billion yuan compared to the previous year [7] Future Outlook - The report projects a decrease in net profit forecasts for 2024 and 2025 to 5.89 billion yuan and 6.42 billion yuan, down by 24.9% and 33.2% respectively, but maintains a positive outlook due to a strong order backlog and overseas business growth [8]