证券代码：601678 证券简称：滨化股份 公告编号：2025-056 滨化集团股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度暨增持计 划进展的提示性公告 持股 5%以上股东滨州和宜产业投资合伙企业（有限合伙）保证向本公司提供的信 息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 2.信息披露义务人信息 | 信息披露义务人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | | □ | 控股股东/实控人 | √91371622MA9503532Y | | 滨州和宜产业投资合 | □ | 控股股东/实控人的一致 | | | 伙企业（有限合伙） | 行动人 | | □ 不适用 | | | √ | 其他直接持股股东 | | 上述信息披露义务人无一致行动人。 二、 权益变动触及 1%刻度的基本情况 公司于 2025 年 1 月 16 日披露《滨化集团股份有限公司关于第一大股东以 专项贷款和自有资金增持公司股份计划的公告 ...

格隆汇9月2日丨滨化股份(601678.SH)公布，公司于2025年9月2日收到和宜投资通知，截至2025年9月2 日，和宜投资通过上海证券交易所交易系统以集中竞价交易方式累计增持公司股份4205.63万股，占公 司总股本的2.04%，增持后持有公司股份1.88亿股，占公司总股本的9.13%，权益变动触及1%刻度。 ...

Group 1 - The company, Binhu Chemical (SH 601678), announced on August 31 that it has repurchased approximately 29.54 million shares, accounting for 1.436% of its total share capital, with a total expenditure of around 120 million RMB [1][1][1] - The share repurchase was conducted through centralized bidding, with the highest purchase price being 4.6 RMB per share and the lowest at 3.19 RMB per share [1][1][1] - As of the report date, Binhu Chemical's market capitalization stands at 8.8 billion RMB [1][1][1] Group 2 - For the first half of 2025, the company's revenue composition shows that the chemical segment accounts for 95.09%, while other businesses contribute 4.91% [1][1][1]

一、回购股份的基本情况 滨化集团股份有限公司（以下简称"公司"）于 2024 年 9 月 20 日召开第五届 董事会第二十四次会议，审议通过了《关于以集中竞价交易方式回购股份的预案》， 同意公司以集中竞价交易方式回购公司股份，用于员工持股计划。回购股份价格 为不超过 5.00 元/股；回购股份的资金总额不低于人民币 7,500 万元，不超过人民 币 1.5 亿元；回购期限为自公司董事会审议通过本次回购股份预案之日起 12 个月 内。预案具体内容详见公司于 2024 年 9 月 21 日在上海证券交易所网站披露的《滨 化集团股份有限公司关于以集中竞价交易方式回购股份的回购报告书》。 证券代码：601678 证券简称：滨化股份 公告编号：2025-055 滨化集团股份有限公司 关于回购公司股份的进展公告 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： | 回购方案首次披露日 | 2024/9/21 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回 ...

Group 1 - The company, Binhua Co., Ltd. (601678.SH), announced a share buyback program, having repurchased a total of 29.5418 million shares, which represents 1.436% of its total share capital [1] - The highest purchase price for the shares was 4.60 CNY per share, while the lowest was 3.19 CNY per share [1] - The total amount of funds spent on the share buyback is approximately 120 million CNY [1]

智通财经APP讯，滨化股份(601678.SH)发布公告，截至2025年8月31日，公司通过集中竞价交易方式累 计回购公司股份2954.18万股，占公司总股本的比例为1.436%，购买的最高价格为4.60元/股，最低价格 为3.19元/股，已支付的资金总额合计约1.2亿元。 ...

Core Viewpoint - The financial performance of Binhu Chemical (滨化股份) shows significant revenue growth but declining profitability metrics in the latest report for the first half of 2025 [1] Financial Performance Summary - Total revenue reached 7.354 billion yuan, a year-on-year increase of 61.36% [1] - Net profit attributable to shareholders was 111 million yuan, up 6.01% year-on-year [1] - In Q2 2025, total revenue was 3.571 billion yuan, reflecting a 36.88% increase year-on-year [1] - Q2 2025 net profit attributable to shareholders was 15.47 million yuan, down 79.56% year-on-year [1] - Accounts receivable increased by 53.36% year-on-year [1] Profitability Metrics - Gross margin decreased to 8.51%, down 34.36% year-on-year [1] - Net margin fell to 1.51%, a decline of 34.58% year-on-year [1] - Total selling, administrative, and financial expenses amounted to 428 million yuan, accounting for 5.82% of revenue, a decrease of 41.55% year-on-year [1] Cash Flow and Asset Management - Cash flow per share increased significantly to 0.64 yuan, up 473.65% year-on-year [1] - Cash and cash equivalents reached 2.26 billion yuan, a 59.83% increase year-on-year [1] - The company’s cash flow situation shows that cash and cash equivalents represent only 9.2% of total assets and 37.19% of current liabilities [3] Debt and Receivables Analysis - Interest-bearing liabilities rose to 10 billion yuan, a 20.27% increase year-on-year [1] - The interest-bearing debt ratio reached 40.18% [3] - Accounts receivable accounted for 106.57% of profit, indicating potential liquidity issues [3] Business Model Insights - The company's performance is primarily driven by capital expenditures, necessitating careful evaluation of the profitability and necessity of these investments [2]

Group 1 - The company held its sixth board meeting on August 28, 2025, with all 8 directors present, and the meeting complied with relevant laws and regulations [1] - The board approved the 2025 semi-annual report with a unanimous vote of 8 in favor [1] - The board also approved the profit distribution plan for the 2025 semi-annual period, proposing a cash dividend of 0.10 yuan per 10 shares (including tax) to all shareholders [2] Group 2 - The profit distribution will be based on the total share capital after deducting shares held in the company's repurchase account, and the company plans to maintain the per-share distribution ratio despite any changes in total share capital due to various corporate actions [2] - The proposal does not require submission to the shareholders' meeting as it is authorized by the 2024 annual shareholders' meeting [2] - Detailed information regarding the profit distribution plan will be disclosed in a separate announcement on August 29, 2025 [2]

Group 1 - The core viewpoint of the news is that Binhua Co., Ltd. experienced a significant drop in stock price, closing at 4.27 CNY per share, down 5.32% with a trading volume of 1.47 billion CNY and a turnover rate of 1.68%, resulting in a total market capitalization of 87.83 billion CNY [1] - Binhua Co., Ltd. is primarily engaged in the production, processing, and sales of organic and inorganic chemical products, with its main revenue sources being: Other 56.57%, Propylene Oxide 22.48%, Caustic Soda 15.12%, and Propylene 5.83% [1] Group 2 - Among the top ten circulating shareholders of Binhua Co., Ltd., a fund under Southern Fund, the Southern CSI 1000 ETF (512100), entered the top ten in the second quarter, holding 18.99 million shares, which accounts for 0.94% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) has a current scale of 649.53 billion CNY, with a year-to-date return of 26.28%, ranking 1562 out of 4222 in its category, and a one-year return of 68.19%, ranking 1102 out of 3776 [2] Group 3 - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has been in the position for 6 years and 297 days, managing a total fund size of 949.76 billion CNY, with the best fund return during the tenure being 127.15% and the worst being -18.32% [3]

Core Insights - The company reported a total revenue of 7.354 billion yuan and a net profit attributable to shareholders of 111 million yuan for the first half of 2025 [1] - The operating cash flow showed a net inflow of 1.312 billion yuan [1] Financial Metrics - The latest debt-to-asset ratio stands at 53.50%, ranking 41st among disclosed peers, with an increase of 1.15 percentage points from the previous quarter and 6.04 percentage points year-on-year [3] - The latest gross profit margin is 8.51%, also ranking 41st among peers, reflecting a decrease of 0.70 percentage points from the previous quarter and a decline of 4.45 percentage points year-on-year [3] - The return on equity (ROE) is reported at 0.98%, ranking 32nd among peers [3] - The diluted earnings per share (EPS) is 0.05 yuan [3] - The total asset turnover ratio is 0.31 times, while the inventory turnover ratio is 5.50 times, which is a decrease of 0.25 times year-on-year, representing a decline of 4.33% [3] Shareholder Structure - The number of shareholders is reported at 79,700, with the top eight shareholders holding a total of 482 million shares, accounting for 23.44% of the total share capital [3] - The top shareholders include: 1. Binzhou Heyi Industrial Investment Partnership (Limited Partnership) - 8.40% 2. Zhang Zhongzheng - 5.82% 3. Binzhou Antai Holding Group Co., Ltd. - 2.06% 4. Shi Qinling - 1.98% 5. Yu Jiang - 1.77% 6. Wang Liming - 1.26% 7. Tibet Shenzhou Mu Fund Management Co., Ltd. - 1.23% 8. China Merchants Bank Co., Ltd. - 0.92% [3]