Core Viewpoint - The company held a performance briefing for Q3 2025 on November 6, 2025, to address investor inquiries and provide updates on various projects [2][8]. Group 1: Project Updates - The Thailand production base for the 32,000-ton per year phosphate ester flame retardant project is currently in the civil construction phase, with plans for trial production in the first half of 2026 [3]. - The Guangzhou Entropy Energy Phase II project, with an annual capacity of 25,000 tons of impact-modified agents, has entered the equipment installation stage, aiming for trial production in the first half of 2026 [4]. - The Shandong Weifang project, with an annual capacity of 44,200 tons, has seen the first phase products enter trial production, although product quality is still undergoing adjustments and optimization [5]. Group 2: Shareholder and Incentive Information - The company approved a share repurchase plan on November 30, 2023, to buy back 16,913,437 shares for the purpose of implementing equity incentives or employee stock ownership plans [6]. - As of October 31, 2025, the number of shareholders stood at 23,353 [7].

一、本次说明会召开情况 浙江万盛股份有限公司（以下简称"公司"）2025 年第三季度业绩说明会于 2025 年 11 月 6 日上午 10:00-11:00，通过上海证券交易所上证路演中心以网络 互动形式召开。公司董事长高献国先生、职工代表董事兼总裁周三昌先生、独立 董事陈良照先生、副总裁兼 CFO 宋瑞波先生及副总裁兼董事会秘书钱明均先生参 加了说明会，并在信息披露允许的范围内就投资者关注的事项与投资者进行了交 流和沟通。 证券代码：603010 证券简称：万盛股份 公告编号：2025-073 浙江万盛股份有限公司 关于 2025 年第三季度业绩说明会召开情况的公告 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。 公司已于 2025 年 10 月 30 日在上海证券交易所网站披露了《浙江万盛股份 有限公司关于召开 2025 年第三季度业绩说明会的公告》（公告编号：2025-071）。 二、投资者提出的主要问题及公司回复情况 回答：您好，山东潍坊年产 4.42 万吨项目（一期）中的六苯氧基环三磷腈、 尼龙阻燃剂 AHP、光敏树 ...

Core Viewpoint - Wansheng Co., Ltd. is a leading global producer of organophosphorus flame retardants, with a strong focus on R&D, production, and sales, benefiting from both technological and cost advantages [1] Group 1: Business Performance - For Q3 2025, the company's revenue reached 2.484 billion yuan, ranking 16th out of 79 in the industry, with the top competitor, Sinochem International, generating 35.716 billion yuan [2] - The net profit for the same period was 67.6498 million yuan, placing the company 36th in the industry, while the leading competitor, Hangzhou Oxygen Plant, reported a net profit of 850 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 46.45%, an increase from 40.59% year-on-year, and above the industry average of 34.74%, indicating increased debt pressure [3] - The gross profit margin for Q3 2025 was 18.96%, up from 17.99% year-on-year, but still below the industry average of 19.93% [3] Group 3: Executive Compensation - The chairman, Gao Xianguo, received a salary of 2.0124 million yuan in 2024, a decrease of 65,200 yuan from 2023 [4] - The president, Zhou Sanchang, earned 1.8115 million yuan in 2024, down by 79,800 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.74% to 21,700, while the average number of circulating A-shares held per shareholder decreased by 1.71% to 27,200 [5] - Hong Kong Central Clearing Limited emerged as the seventh largest circulating shareholder, holding 5.8608 million shares as a new shareholder [5]

Core Points - Wansheng Co., Ltd. announced that as of October 31, 2025, it has repurchased a total of 103,000 shares, which represents 0.0175% of the company's total share capital [2]

证券代码：603010 证券简称：万盛股份 公告编号：2025-072 浙江万盛股份有限公司 关于以集中竞价交易方式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 | 2025/4/12 | | | | | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 4 月 29 年 月 28 | 日~2026 | 4 | 日 | | 预计回购金额 | 5,000万元~10,000万元 | | | | | 回购用途 | √减少注册资本 □用于员工持股计划或股权激励 | | | | | | □用于转换公司可转债 | | | | | | □为维护公司价值及股东权益 | | | | | 累计已回购股数 | 10.3万股 | | | | | 累计已回购股数占总股本比例 | 0.0175% | | | | | 累计已回购金额 | 106.272万元 | | | | | 实际回购价格区间 | 9.71元/股~10.97元/股 | | | ...

Group 1 - The company Wansheng Co., Ltd. has repurchased approximately 100,000 shares, accounting for 0.0175% of its total share capital, with a total expenditure of about 1.0627 million RMB as of October 31, 2025 [1] - The highest transaction price for the repurchased shares was 10.97 RMB per share, while the lowest was 9.71 RMB per share [1] - As of the report date, Wansheng Co., Ltd. has a market capitalization of 6.7 billion RMB [1] Group 2 - For the fiscal year 2024, the revenue composition of Wansheng Co., Ltd. is as follows: industrial sector accounts for 98.73%, trade sector for 1.08%, and other businesses for 0.19% [1]

Group 1 - The company, Wansheng Co., Ltd. (603010.SH), has announced a share buyback program, having repurchased a total of 103,000 shares, which represents 0.0175% of its total share capital [1] - The highest price paid for the repurchased shares was 10.97 CNY per share, while the lowest price was 9.71 CNY per share [1] - The total amount spent on the share buyback has reached 1.06272 million CNY, excluding stamp duty and transaction commissions [1]

Core Viewpoint - Wansheng Co., Ltd. reported a total operating revenue of 2.484 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 16.98%, while the net profit attributable to shareholders decreased by 57.85% to 50.0891 million yuan [1] Financial Performance - Total operating revenue for the first three quarters reached 2.484 billion yuan, marking a 16.98% increase compared to the previous year [1] - Net profit attributable to shareholders was 50.0891 million yuan, which represents a significant decline of 57.85% year-on-year [1] - Basic earnings per share stood at 0.09 yuan [1]

证券代码： 603010 证券简称：万盛股份 公告编号：2025-071 会议召开时间：2025 年 11 月 06 日（星期四）上午 10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 10 月 30 日（星期四）至 11 月 05 日（星期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 zjwsfr@ws-chem.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 浙江万盛股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公 司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三 季度经营成果、财务状况，公司计划于 2025 年 11 月 06 日上午 10:00-11:00 举 行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2 ...

| 主要产品 | 2025 年 均售价（元/吨） | 1-9 | 月平 | 2024 年 1-9 均售价（元/吨） | | 月平 | 1-9 月变 动比率 （%） | 第三季度 环比变动 比率（%） | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 聚合物功能性助剂 | | 17,215.76 | | | 15,865.81 | | 8.51 | -3.14 | | 有机胺 | | 25,480.49 | | | 21,108.64 | | 20.71 | 2.84 | | 涂料助剂 | | 10,271.65 | | | 11,078.10 | | -7.28 | -0.08 | | 原料及中间体 | | 4,575.88 | | | 4,631.66 | | -1.20 | -7.24 | 证券代码：603010 证券简称：万盛股份 公告编号：2025-070 浙江万盛股份有限公司 2025 年第三季度主要经营数据公告 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 ...