Core Viewpoint - Zhejiang Wansheng Co., Ltd. has provided a guarantee of RMB 225 million for its wholly-owned subsidiary, Shandong Wansheng New Materials Co., Ltd., to support its operational needs and ensure smooth business activities [1][4]. Group 1: Guarantee Details - The guarantee was formalized through a contract with China Construction Bank's Weifang Binhai Branch on January 21, 2026 [1]. - The guarantee covers the principal debt amount of RMB 225 million, including interest and other payable fees [2][4]. - The guarantee period extends for three years from the signing of the main contract until the debt is fulfilled [2]. Group 2: Internal Decision-Making Process - The board of directors approved the guarantee during the 27th meeting of the fifth board on November 10, 2025, and it was ratified at the third extraordinary shareholders' meeting on November 26, 2025 [2]. - The company plans to provide a total guarantee limit of up to RMB 2 billion or equivalent foreign currency for its subsidiaries in 2026 [2]. Group 3: Risk Assessment and Control - The board believes that the guarantee is reasonable and necessary, as the company has a comprehensive understanding of the subsidiary's operations and creditworthiness [4]. - The total external guarantees provided by the company and its subsidiaries amount to RMB 1.38685 billion, representing 38.12% of the latest audited net assets, all of which are for subsidiaries [4].

（编辑 袁冠琳） 证券日报网讯 1月21日，万盛股份发布公告称，截至2026年1月21日，公司及控股子公司对外担保总额 为138685万元，占公司最近一期经审计净资产的比例为38.12%。上述担保全部为对控股子公司提供的 担保。公司未对控股股东和实际控制人及其关联人提供担保，公司无逾期担保。 ...

证券代码：603010 证券简称：万盛股份 公告编号：2026-005 浙江万盛股份有限公司 关于为全资子公司提供担保的进展公告 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： 担保对象及基本情况 | | 被担保人名称 本次担保金额 | 22,500 | 山东万盛新材料有限公司 万元 | | | --- | --- | --- | --- | --- | | 担保对象 | 实际为其提供的担保余额 | 39,430.69 | 万元 | | | | 是否在前期预计额度内 | √是 | □否 | □不适用：_________ | | | 本次担保是否有反担保 | □是 | √否 | □不适用：_________ | 累计担保情况 一、担保情况概述 （一） 担保的基本情况 浙江万盛股份有限公司（以下简称"公司"）为满足全资子公司山东万盛新 材料有限公司（以下简称"山东万盛"）的经营业务发展需要，保证其生产经营 活动顺利开展，在确保规范运作和风险可控的前提下，公司于 2026 年 1 月 21 日与中国建设银行股份有限公 ...

截至11月28日，万盛股份股东户数2.56万，较上期增加9.67%；人均流通股23020股，较上期减少 8.82%。2025年1月-9月，万盛股份实现营业收入24.84亿元，同比增长16.98%；归母净利润5008.91万 元，同比减少57.85%。 分红方面，万盛股份A股上市后累计派现8.74亿元。近三年，累计派现2.71亿元。 机构持仓方面，截止2025年9月30日，万盛股份十大流通股东中，香港中央结算有限公司位居第七大流 通股东，持股586.08万股，为新进股东。 1月15日，万盛股份涨1.47%，成交额8383.93万元。两融数据显示，当日万盛股份获融资买入额1032.05 万元，融资偿还2057.43万元，融资净买入-1025.38万元。截至1月15日，万盛股份融资融券余额合计 1.33亿元。 融资方面，万盛股份当日融资买入1032.05万元。当前融资余额1.33亿元，占流通市值的2.19%，融资余 额超过近一年70%分位水平，处于较高位。 融券方面，万盛股份1月15日融券偿还200.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量2.86万股，融券余额29.52万元，超 ...

Core Viewpoint - Wansheng Co., Ltd. (603010.SH) is expected to report its first annual loss since its IPO in 2011, with a projected negative net profit for 2025 [1][5][8]. Financial Performance - In the first three quarters of 2025, Wansheng Co. achieved a revenue of 2.484 billion yuan, a year-on-year increase of 16.98%, but the net profit attributable to shareholders was 50.09 million yuan, down 57.85% year-on-year [6]. - The company anticipates a loss exceeding 50 million yuan in the fourth quarter of 2025, indicating a significant decline in profitability [2][7]. Reasons for Loss - The expected loss is attributed to two main factors: 1. Weak terminal demand due to international geopolitical conflicts, inflation in Europe and the U.S., and a sluggish global economy, leading to oversupply and declining gross margins [5][7]. 2. Strategic adjustments in production capacity and product structure, including relocating some production to Thailand to avoid international trade barriers, which has resulted in asset impairment [5][6]. Historical Context - Wansheng Co. has seen a significant decline in net profit over the past three years, with figures of 365 million yuan, 184 million yuan, and 103 million yuan, reflecting decreases of 55.70%, 49.69%, and 43.72% respectively [9]. - The company’s revenue for the years 2022 to 2024 was 3.564 billion yuan, 2.850 billion yuan, and 3.963 billion yuan, showing a decline of 13.38% and 20.03% in the first two years, followed by a slight recovery in 2024 [8][9]. Ownership and Control - In 2021, Wansheng Co. was acquired by Guo Guangchang through Nanjing Steel Group, with a total investment of 2.68 billion yuan for control [3][15]. - As of January 13, 2026, the market capitalization of Wansheng Co. was 6.084 billion yuan, resulting in a paper loss of nearly 900 million yuan for Guo Guangchang, considering his investment and the company's recent performance [4][16]. Market Position - Wansheng Co. specializes in the production and sale of functional fine chemicals, particularly phosphorus-based flame retardants, and has established long-term partnerships with numerous global companies [10].

Core Viewpoint - Wansheng Co., Ltd. has a diverse product line that includes polymer functional additives, organic amines, coating additives, raw materials and intermediates, and additives for household and personal care products, indicating a broad application across various industries [2] Group 1: Product Line and Applications - The company's product offerings include flame retardants, toughening agents, anti-drip agents, and polymer processing aids, which are widely used in automotive, 3C electronics, network communication devices, smart home, printed circuit boards, construction, bridges, shipping, oil fields, mining, water treatment, agricultural technology, household cleaning, personal care, health, and new energy sectors [2] - The downstream market potential is extensive, highlighting significant growth opportunities for the company [2] Group 2: Material Analysis - From a materials perspective, PC/ABS alloy materials and semiconductor copper-clad laminates are critical components in devices such as mobile phones, laptops, network communication equipment, and new energy vehicles [2] - The company produces functional additives for PC/ABS alloy materials and semiconductor copper-clad laminates but does not supply directly to the end-device manufacturers, limiting its visibility into the specific usage situations of these end customers [2]

Core Viewpoint - The company, Wansheng Co., Ltd. (603010), has reported an increase in sales of phosphorus pentachloride due to strong demand for lithium hexafluorophosphate from downstream industries [1] Group 1: Production Capacity and Demand - The designed annual production capacity of phosphorus pentachloride is 60,000 tons [1] - There is a notable increase in sales volume attributed to the robust demand for lithium hexafluorophosphate [1] Group 2: Pricing Factors - The price of phosphorus pentachloride is influenced by various factors including raw material prices, supply-demand dynamics, and market competition [1] - The company will closely monitor market price trends and changes in raw material costs to assess the timing and extent of price adjustments [1] Group 3: Inventory and Sales Strategy - The company will evaluate its pricing strategy based on its production and sales conditions, inventory levels, and customer cooperation terms [1]

证券日报网讯1月13日，万盛股份（603010）在互动平台回答投资者提问时表示，公司近期董事会正常 换届选举，推选了一批更加年轻富有活力的管理层，为公司长期发展打造更加科学的管理层结构。公司 所有管理层的核心目标都是一致的，即致力于提升公司经营业绩和内在价值，为所有股东创造价值。 ...

Core Viewpoint - The company plans to repurchase its shares in the secondary market within 12 months following the approval of the share repurchase plan by the shareholders' meeting, specifically from April 29, 2025, to April 28, 2026 [2] Group 1 - The company will proceed with the share repurchase based on market conditions and the established plan [2] - The company will disclose the progress of the share repurchase at the beginning of each month [2]

Group 1 - The core point of the article is that Wansheng Co., Ltd. (603010) reported a total of 25,611 shareholders as of November 28, 2025 [1]