Core Points - Wansheng Co., Ltd. announced that its shareholder, Linhai Luosheng Enterprise Management Consulting Partnership (Limited Partnership), holds 68,627,720 shares, accounting for 11.64% of the company's total share capital [2] - After this pledge, the cumulative number of shares pledged by Linhai Luosheng amounts to 22,221,938 shares [2]

Group 1 - Wansheng Co., Ltd. announced that its shareholder, Linhai Luosheng Enterprise Management Consulting Partnership (Limited Partnership), holds approximately 68.63 million shares, accounting for 11.64% of the total share capital [1] - After the recent share pledge, Linhai Luosheng's cumulative pledged shares (including this time) amount to approximately 22.22 million shares, representing 32.38% of its total holdings and 3.77% of the company's total share capital [1] - Linhai Luosheng and its concerted actors collectively hold about 118 million shares, which is 20.05% of the total share capital [1] Group 2 - Following the share pledge, the total pledged shares amount to approximately 49.91 million shares, which is 42.22% of their total holdings and 8.47% of the company's total share capital [1]

证券代码：603010 证券简称：万盛股份 公告编号：2025-065 浙江万盛股份有限公司 关于 5%以上股东部分股份质押的公告 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: 浙江万盛股份有限公司（以下简称"公司"或"本公司"）股东临海市洛 升企业管理咨询合伙企业（有限合伙）(以下简称"临海洛升")持有公司股份 68,627,720 股，占公司总股本的 11.64%。本次股份质押后，临海洛升累计质押 数量（含本次）为22,221,938股，占其持股总数的32.38%，占本公司总股本3.77%。 2、截至本公告日，上述股东及其一致行动人累计质押股份情况如下： 二、其他事项 临海洛升本次新增质押股份不涉及新增融资安排。其有足够的风险控制能力， 质押股份不存在平仓风险或被强制平仓的情形。后续若出现相关风险，临海洛升 将积极采取应对措施，目前此次质押的风险在可控范围内。上述质押事项如若出 现其他重大变动情况，公司将按照有关规定及时履行信息披露义务。 特此公告。 临海洛升及其一致行动人高献国、高峰、高远夏、高强、高敏 ...

Group 1 - The core point of the news is that Wansheng Co., Ltd. (603010) has seen a significant increase in financing activities, with a net financing purchase of 1.02 million yuan on September 22, 2025, and a total net purchase of 5.01 million yuan over the last three trading days [1][2] - The financing balance reached 10.9 million yuan, reflecting a 0.95% increase compared to the previous day [3] - In the last 20 trading days, there have been 11 days with net financing purchases, indicating a growing interest from investors [1] Group 2 - On September 22, 2025, the net financing purchase was 1.02 million yuan, with a financing balance of 10.9 million yuan, which is 1.81% of the circulating market value [2] - The financing balance has shown a consistent upward trend, with notable increases on previous trading days, such as 3.77% on September 18 and 3.68% on September 17 [3] - The overall financing and securities lending balance on September 22 was 10.9 million yuan, marking a 0.95% increase from the previous day [3]

Group 1 - The core point of the news is that Wansheng Co., Ltd. (603010) has seen a net financing inflow of 4.59 million yuan on September 19, 2025, with a total financing balance of 108 million yuan, indicating a positive trend in investor interest [1][4]. - Over the past three trading days, Wansheng Co., Ltd. has accumulated a total net financing inflow of 769.52 million yuan, with 11 out of the last 20 trading days showing net financing inflows [1][4]. - The financing balance on September 19 represents 1.80% of the company's circulating market value, reflecting a slight decrease from the previous day's 1.82% [2][4]. Group 2 - On the same day, the company experienced a short selling activity with a net short sale of 100 shares, resulting in a remaining short selling volume of 7,400 shares [3]. - The total margin trading balance on September 19 was 108 million yuan, which increased by 0.04% from the previous day [4].

Core Viewpoint - The company emphasizes technological innovation as its primary productivity driver, focusing on its core business and leveraging its research institutes and production bases for independent and collaborative R&D efforts [1] Group 1: Technological Innovation - The company has completed pilot production of a new type of nylon flame retardant, which has received high recognition from customers [1] - Several specialty epoxy resins and antistatic agent products have successfully entered trial production [1] - Various new products, including engineering plastic flame retardants, polyurethane flame retardants, cashew phenol curing agents, polyamide curing agents, amine additives, fatty acyl chlorides, and green amino acid surfactants, are undergoing pilot tests or gradual mass production across different production bases [1] Group 2: Market Expansion - The company is accelerating the marketization and industrialization of new products across its business segments, thereby broadening its development areas and niche markets [1]

Core Viewpoint - The announcement details the share reduction plan by major shareholders of Zhejiang Wansheng Co., Ltd., including the results of the share reduction and the company's half-year performance in 2025 [2][3][9]. Shareholder Information - Before the reduction plan, Gao Yuanxia held 1,639,504 shares, accounting for 0.28% of the total shares. The total shares held by Gao Yuanxia and his concerted actions amounted to 118,517,256 shares, representing 20.10% of the total shares [2]. Share Reduction Plan Implementation - The reduction plan was announced on July 31, 2025, with Gao Yuanxia intending to reduce up to 500,000 shares, or 0.08% of the total shares, from August 22 to November 21, 2025. By September 3, 2025, Gao Yuanxia had reduced 300,000 shares at a price of 9.50 yuan per share, leaving him with 1,339,504 shares, or 0.23% of the total shares [3][4]. Half-Year Performance Overview - For the first half of 2025, the company reported revenue of 1.623 billion yuan, a year-on-year increase of 17.07%. However, the net profit attributable to shareholders was 26.32 million yuan, a decline of 65.02% due to increased depreciation and related costs from the Shandong Wansheng project [9]. Strategic Business Focus - The company plans to focus on three categories: "core business" in polymer functional additives, "development business" in organic amines and coatings, and "strategic business" in electronic materials and synthetic biology, aiming to strengthen its market position and innovate in high-margin products [7][8]. R&D Innovations - In the first half of 2025, the company achieved significant breakthroughs in R&D, including the completion of pilot production for new nylon flame retardants and successful trial production of various specialty epoxy resins and antistatic agents [8]. Future Development and Market Position - The company aims to maintain its leading position in the phosphorus flame retardant market by enhancing R&D capabilities, expanding product categories, and exploring new applications in emerging markets [12][13]. The construction of a new production base in Thailand is also underway, with plans for trial production in the first half of 2026 [11].

Company Overview - Company has been focused on the production, research, and sales of functional fine chemicals, becoming a major global producer and supplier of phosphorus-based flame retardants [1] - After 30 years of development, the company has diversified its business into multiple segments including polymer functional additives, organic amines, coating additives, and raw materials [1] - The company operates two research institutes in Linhai and Shanghai, and has six production bases in China and one in Thailand (under construction) [1] - It has established a global sales network with six subsidiaries in Hong Kong, the USA, Europe, the UK, Mexico, and Singapore [1] Financial Performance - In the first half of the year, the company reported revenue of 1.623 billion yuan, a year-on-year increase of 17.07%, primarily due to the consolidation of Guangzhou Entropy into the company's financial statements [1] - The net profit attributable to shareholders for the same period was 26.32 million yuan, a significant decline of 65.02%, mainly due to increased depreciation and related costs from the Shandong Wansheng project entering production and being in the capacity ramp-up phase [1] Strategic Initiatives - The company plans to enhance market development efforts to increase sales and capacity at Shandong Wansheng [2] - It aims to introduce high-margin products through business development projects, striving for profitability [2] - The company emphasizes technological innovation as a primary productivity driver, focusing on core business and leveraging its research institutes for independent or collaborative R&D [2] Product Development - By the first half of 2025, the company has nearly completed pilot production of new nylon flame retardants, with product performance highly recognized by customers [2] - Several specialty epoxy resins and antistatic agents have successfully entered trial production, with various new products in different production bases achieving pilot or gradual mass production [2] Industry Outlook - The flame retardant industry has seen significant capacity increases due to high-margin incentives, but recent global economic downturns and geopolitical tensions have led to decreased downstream demand and intensified market competition [3] - The introduction of anti-dumping duties in Europe and the USA, along with upgraded flame retardant regulations, is expected to reshape the market landscape [3] - Future opportunities in the industry are anticipated from the proliferation of smart electronic products, policies for replacing old automotive and home appliances, and the rapid development of high-tech new materials [3]

Company Overview - Wansheng Co., Ltd. has focused on the production, research, and sales of functional fine chemicals since its establishment, becoming a major global producer and supplier of phosphorus-based flame retardants [1] - The company has expanded its business segments over 30 years, forming a robust development pattern with multiple business lines including polymer functional additives, organic amines, coating additives, and raw materials [1] - Wansheng operates two research institutes in Linghai and Shanghai, and has six production bases in China and Thailand, along with six sales subsidiaries globally, establishing a comprehensive sales network [1] Financial Performance - In the first half of the year, Wansheng reported revenue of 1.623 billion yuan, a year-on-year increase of 17.07%, primarily due to the consolidation of Guangzhou Entropy into the company's financial statements [1] - The net profit attributable to shareholders for the same period was 26.32 million yuan, a significant decline of 65.02%, mainly due to increased depreciation and related costs from the Shandong Wansheng project entering production and being in the capacity ramp-up phase [1] Strategic Initiatives - The company plans to enhance market development efforts to increase sales and capacity at Shandong Wansheng, while continuously introducing high-margin products through business development projects [2] - Wansheng emphasizes technological innovation as a primary productivity driver, focusing on core business areas and leveraging its research institutes for independent or collaborative R&D [2] - New products such as nylon flame retardants and various specialty epoxy resins have successfully completed trial production, with several other new products in different production bases moving towards marketization [2] Industry Outlook - The flame retardant industry has seen significant capacity increases due to high margins, but faces challenges from global economic downturns, geopolitical conflicts, and inflation, leading to decreased downstream demand [3] - The introduction of anti-dumping duties in Europe and the U.S., along with upgraded regulations, is expected to reshape the market landscape, favoring companies with advanced technology and diverse product offerings [3] - Future opportunities in the industry are anticipated from the proliferation of smart electronic products, policies promoting the replacement of old automotive and home appliances, and the rapid development of high-tech new materials [3]

Meeting Overview - The 2025 semi-annual performance briefing of Zhejiang Wansheng Co., Ltd. was held on September 3, 2025, via the Shanghai Stock Exchange's online interactive platform [1] - Key executives including the Chairman, CEO, and CFO participated in the meeting to address investor inquiries [1] Strategic Planning - The company will continue to focus on its existing strategic plan, categorizing its business into three segments: "Core Business" (polymer functional additives), "Development Business" (organic amines, coating additives, and daily chemical raw materials), and "Strategic Business" (electronic materials and synthetic biology) [1] - The emphasis will be on strengthening the core business, optimizing the development business, and exploring new opportunities in strategic business areas, aiming to become a leading global functional new materials enterprise driven by low carbon and innovation [1] R&D Innovations - In the first half of 2025, the company achieved significant breakthroughs in R&D, including the completion of pilot production for a new nylon flame retardant and successful trial production of various specialty epoxy resins and antistatic agents [2] - Multiple new products across various categories have been developed and are in the process of marketization and industrialization [2] Financial Performance - The company reported a revenue of 1.623 billion yuan in the first half of 2025, representing a year-on-year increase of 17.07% [2] - The net profit attributable to shareholders was 26.32 million yuan, a decline of 65.02% year-on-year, primarily due to increased depreciation and related costs from the Shandong Wansheng project during its ramp-up phase [2] Acquisition Synergies - Since the acquisition of Guangzhou Entropy, significant synergies have been realized in product R&D, sales and market expansion, and internal operations [3][4] - The collaboration has enhanced technical innovation, optimized product development, and improved operational efficiency [4] Future Developments - The construction of the Thailand production base for a 32,000-ton phosphate ester flame retardant project is currently in the civil construction phase, with plans for trial production in the first half of 2026 [5] - The company aims to maintain its leading position in the phosphate flame retardant industry by leveraging technological advancements and expanding its product offerings [6] Industry Outlook - The flame retardant industry is facing challenges due to increased competition and changing market dynamics, but opportunities exist in emerging sectors such as smart electronics and new energy vehicles [5][6] - The company is committed to enhancing its product range and application areas, ensuring its competitive edge in the market [6]