公司最新总资产周转率为0.16次，在已披露的同业公司中排名第19，较去年同期总资产周转率持平，同比较去年同期上涨2.37%。最新存货周转率为2.42 次，在已披露的同业公司中排名第5，较去年同期存货周转率减少0.18次，同比较去年同期下降7.03%。 2025年4月29日，石大胜华(603026.SH)发布2025年一季报。 公司股东户数为4.00万户，前十大股东持股数量为9060.28万股，占总股本比例为44.70%，前十大股东持股情况如下： 公司营业总收入为15.88亿元，在已披露的同业公司中排名第38，较去年同报告期营业总收入增加3.67亿元，同比较去年同期上涨30.09%。归母净利润 为-2853.89万元，在已披露的同业公司中排名第85，较去年同报告期归母净利润减少5622.89万元，同比较去年同期下降203.07%。经营活动现金净流入为 4183.47万元，在已披露的同业公司中排名第36，较去年同报告期经营活动现金净流入增加3.00亿元，实现2年连续上涨。 | 序号 | 股东名称 | 持股 | | --- | --- | --- | | l | 北京哲厚新能源科技开发有限公司 | 13.4. | ...

证券代码：603026 证券简称：石大胜华 公告编号：临 2025-016 石大胜华新材料集团股份有限公司 2025年第一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、准确性和完整性承担个别及连带责任。 石大胜华新材料集团股份有限公司（以下简称"公司"）根据上海证券交易 所《上市公司自律监管指引第3号-行业信息披露第十三号—化工》的要求，现将 公司2025年第一季度主要经营数据披露如下： 产品名称 产量（万吨） 销量（万吨） 销售收入（人民币万元） 碳酸二甲酯系列 22.75 12.01 63,559.46 甲基叔丁基醚 5.42 5.67 29,578.64 气体 0.42 0.39 1,895.87 一、主要产品的产量、销量及收入实现情况 （不含税） 注：1、碳酸二甲酯系列产销量差距部分为内部自用。 二、主要产品的价格变动情况（不含税） 单位：人民币元/吨 | 产品名称 | 2025年1-3月平均售 | 2024年1-3月平均 | 变动比率（%） | | --- | --- | --- | --- | | | 价 | 售价 | ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,588,130,085.08, representing a 30.09% increase compared to ¥1,220,807,037.27 in the same period last year[4] - The net profit attributable to shareholders was -¥28,538,891.57, a decrease of 203.07% from ¥27,689,999.38 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥29,635,537.60, down 225.50% from ¥23,613,883.79 year-on-year[4] - The basic and diluted earnings per share were both -¥0.14, a decline of 200.00% compared to ¥0.14 in the same period last year[6] - The weighted average return on equity decreased by 1.45 percentage points to -0.74% from 0.71%[6] - The company reported a net loss in Q1 2025, with operating income of RMB 1,588,130,085.08 against total operating costs of RMB 1,641,425,140.32, leading to a negative operating margin[19] - The company's net profit for Q1 2025 was -54,300,200.09 RMB, compared to a net profit of 6,348,989.01 RMB in Q1 2024, indicating a significant decline[20] - Operating profit for Q1 2025 was -53,572,083.07 RMB, a decrease from an operating profit of 3,343,317.01 RMB in Q1 2024[20] - The basic and diluted earnings per share for Q1 2025 were both -0.14 RMB, compared to 0.14 RMB in Q1 2024[21] Revenue and Costs - Total revenue for Q1 2025 reached RMB 1,588,130,085.08, an increase of 30.1% compared to RMB 1,220,807,037.27 in Q1 2024[19] - Total operating costs for Q1 2025 were RMB 1,641,425,140.32, up from RMB 1,234,804,700.20 in Q1 2024, reflecting a year-over-year increase of 32.8%[19] - The company reported a total revenue from sales of goods and services of 1,665,255,772.30 RMB in Q1 2025, compared to 939,519,447.23 RMB in Q1 2024, representing an increase of approximately 77.4%[24] Cash Flow and Assets - The net cash flow from operating activities was ¥41,834,708.30, a significant recovery from -¥257,958,417.26 in the same period last year[4] - Cash and cash equivalents as of March 31, 2025, amounted to RMB 932,195,950.21, significantly higher than RMB 304,142,680.35 at the end of 2024, representing an increase of 205.5%[15] - Total cash and cash equivalents at the end of Q1 2025 amounted to 582,434,940.69 RMB, down from 1,314,267,003.70 RMB at the end of Q1 2024[26] - The net cash flow from financing activities was 23,752,913.88 RMB in Q1 2025, a decrease from 1,126,280,285.78 RMB in Q1 2024[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,220,202,157.01, an increase of 5.92% from ¥9,649,137,408.31 at the end of the previous year[6] - Accounts receivable increased to RMB 1,634,964,111.22 as of March 31, 2025, compared to RMB 1,388,882,060.54 at the end of 2024, indicating a growth of 17.7%[15] - Total liabilities increased to RMB 5,943,100,300.15 as of March 31, 2025, from RMB 5,325,230,686.52 at the end of 2024, reflecting a rise of 11.6%[17] - The company's equity attributable to shareholders was RMB 3,877,664,729.63 as of March 31, 2025, slightly down from RMB 3,896,070,975.88 at the end of 2024, a decrease of 0.5%[17] - Inventory as of March 31, 2025, was RMB 637,018,833.31, compared to RMB 603,429,720.91 at the end of 2024, showing an increase of 5.6%[15] Investment and Expenses - The company faced increased market investment, financial costs, and R&D expenditures, leading to reduced operating profit[8] - Research and development expenses increased to 69,375,918.90 RMB in Q1 2025 from 49,395,400.72 RMB in Q1 2024, reflecting a growth of approximately 40.5%[20] - Financial expenses surged to 16,173,218.02 RMB in Q1 2025, compared to 2,304,678.36 RMB in Q1 2024, marking an increase of over 600%[20] - The company incurred investment losses of -15,977,986.42 RMB in Q1 2025, compared to a loss of -1,585,471.20 RMB in Q1 2024[20] Future Outlook - The increase in operating revenue was primarily driven by increased sales volume[8] - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[18] - Non-recurring gains and losses totaled ¥1,096,646.03, with government subsidies contributing ¥1,392,296.21[7]

石大胜华新材料集团股份有限公司 2024 年年度股东大会 目 录 一、程序文件 二、提交股东大会审议的议案 1. 关于公司 2024 年度利润分配方案的议案 1 7. 关于确认公司 2024 年度与关联方之间关联交易及 2025 年度日常关联交易预计 情况的议案 8. 关于公司 2025 年度集团公司内部借款及担保情况的议案 1. 会议议程 2. 会议须知 2. 关于公司 2024 年度董事会工作报告的议案 3. 关于公司 2024 年度监事会工作报告的议案 4. 关于公司 2024 年度财务决算方案的议案 5. 关于公司 2025 年度财务预算方案的议案 6. 关于公司 2025 年度借款及授信额度预计情况的议案 9. 关于公司 2024 年年度报告及摘要的议案 10. 关于公司 2025 年度委托理财额度的议案 11.关于购买董事、监事及高级管理人员责任险的议案 石大胜华新材料集团股份有限公司 2024 年年度股东大会议程 一、会议时间： 现场会议召开时间：2025 年 5 月 6 日 14:00 通过交易系统投票平台的投票时间为股东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30， ...

Core Viewpoint - The domestic electrolyte market in Q1 2025 shows significant growth driven by increasing demand from the electric vehicle and energy storage sectors, with a total production of 435,900 tons, representing a year-on-year increase of 75.9% [2][4]. Group 1: Market Overview - The leading companies in the electrolyte market are Guangzhou Tinci, BYD, and New Zhongbang, with market shares of 33%, 18%, and 13.6% respectively, collectively accounting for 64.6% of total production [4]. - The competition among second-tier companies, including Shida Shenghua, Zhuhai Saive, and Xianghe Kunlun, is intense, with each holding market shares of around 4%-5% [4][8]. - The overall market structure is characterized by a "stronger getting stronger" trend, where technology, capital, and customer resources become core competitive barriers [2][8]. Group 2: Future Projections - Q2 2025 is expected to continue the growth trend, with a conservative estimate of a 5%-8% quarter-on-quarter increase, potentially exceeding 450,000 tons in total production [6][7]. - Leading companies like Guangzhou Tinci and BYD are likely to further expand their market share due to scale effects and cost control capabilities [7]. - The industry is anticipated to face both structural opportunities and challenges, with a focus on "cost reduction and efficiency enhancement" and "high-end development" [8]. Group 3: Driving Factors - The recovery in downstream demand is supported by seasonal increases in electric vehicle sales and the commencement of energy storage projects [9]. - The stabilization of raw material prices, particularly lithium hexafluorophosphate, is expected to support the release of production capacity [9]. - Favorable policies driven by national "dual carbon" goals are likely to continue to enhance the industry [9].

碳酸酯多基地协同生产，24 年公司各溶剂装置保持高负荷开工率。公司是国内目前生产基地最多的碳 酸酯生产供应商（东营、济宁、泉州、武汉），同时拥有日本、韩国、捷克等多家海外分支机构，多基 地协同生产，公司的稳定供应优势十分突出，有利于巩固DMC 以及整个碳酸酯溶剂的行业领先地位。 2024 年碳酸酯行业产能仍保持高速扩张的趋势，近翻倍式增长，电解液溶剂市场供需矛盾未有缓解趋 势，行业整体开工率仅2-3 成左右。24 年公司溶剂在满足电解液自用的情况下，仍以积极销售为主，在 溶剂行业竞争十分激烈的情况下，各溶剂装置仍保持着高负荷开工率。 电解液产能建设及新增产能放量稳步推进，产业链一体化优势显著。公司现已实现从上游环氧丙烷到中 游电解液所需的碳酸酯溶剂、锂盐及添加剂的全产业链布局，为目前电解液行业唯一将上游延伸至环氧 丙烷的公司。公司可实现95%以上基础原材料自供，具有极高的产业链配套优势。电解液产能建设方 面，24 年公司东营基地30 万吨电解液产能稳步提升，全年实现出货量6 万多吨，同比增幅高达3 倍以 上。2024 年6 月份公司武汉基地20 万吨电解液项目投产，并成功交付第一批产品，已实现客户快速导 入。 ...

2025 年 4 月 17 日 公司研究 行业景气低迷，24 年公司盈利下滑 ——石大胜华（603026.SH）2024 年年报点评 买入（维持） 要点 事件：公司发布 2024 年年度报告，24 年公司实现营业收入 55.47 亿元，同比 -1.56%，实现归母净利润 0.16 亿元，同比-12.32%。其中，24Q4 实现营业收入 13.86 亿元，同比+12.19%，环比-9.98%；实现归母净利润 0.05 亿元，同比增 加 0.57 亿元，环比增加 0.32 亿元。 24 年公司收入、盈利同比均下滑，产品销量稳步提升。24 年公司业绩有所下滑， 主要系锂电行业景气度下降，碳酸酯系列产品价格下跌所致。但是，24 年公司 产品销量稳步提升，碳酸二甲酯系列、甲基叔丁基醚系列、气体系列分别实现销 量 77.39、20.98、1.45 万吨，同比分别增加 14.49%、9.97%、0.85%。产能建 设方面，截至 24 年底，公司现有碳酸二甲酯 10 万吨/年、碳酸甲乙酯 9 万吨/ 年、碳酸乙烯酯 5 万吨/年、六氟磷酸锂 2000 吨/年、添加剂 6330 吨/年产能， 此外，另有 MTBE 产能 20 ...

Investment Rating - The report suggests a focus on sectors benefiting from import substitution, such as lubricant additives and nucleating agents, while also monitoring oil price stabilization for potential investment opportunities in oil-related assets [1][2][3]. Core Insights - The chemical market is experiencing pressure from trade conflicts, but the current market is more mature compared to 2018, with swift actions from the Chinese version of the stabilizing fund helping to restore market confidence [1][2]. - The report highlights significant downward pressure on industries with high exposure to the US market, particularly in consumer electronics and textiles, while sectors like lubricant additives and aramid fibers show strong performance due to import substitution [1][2]. - Key events include a notable drop in oil prices, with Brent crude falling below $60 per barrel, and the announcement of an expansion project by Wanhua Chemical [1][3]. Summary by Sections Market Overview - Brent crude futures averaged $64.12 per barrel this week, down 10.92% from the previous week, while WTI futures averaged $60.84 per barrel, down 11.4% [10]. - The basic chemical sector underperformed the index, with a decline of 5.14% [10]. Key Events - The establishment of a Chinese version of the stabilizing fund aims to bolster market confidence amid escalating trade tensions [2]. - The report notes a significant drop in oil prices due to trade war impacts and OPEC+ production increases, with Brent crude falling below $60 [2]. Industry Specific Insights - The tire industry is experiencing a slight decline in operating rates, with full steel tire operating rates at 66.2% and semi-steel tire rates at 78.5% [25]. - The sweetener market, particularly for sucralose, is expected to see price improvements due to reduced low-priced inventory and upcoming production cuts [26][27]. - The dye market remains stable, with disperse dyes maintaining prices around 16.5 yuan/kg, while demand from downstream textile markets is weak [28]. Price Trends - The report indicates that the average price for titanium dioxide is stable, with a market average of 15,109 yuan/ton, while the industry is observing a slight decline in operating rates [29]. - The pure MDI market is experiencing a downward trend, with prices averaging 17,350 yuan/ton, reflecting weak demand and ongoing trade tensions [32].

（四）本次监事会应出席的监事 3 人，实际参与表决的监事 3 人。 （五）本次监事会会议由监事会主席高建宏先生主持。 证券代码：603026 证券简称：石大胜华 公告编号：临 2025-008 石大胜华新材料集团股份有限公司 第八届监事会第七次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 （一）本次监事会会议的召开符合有关法律、行政法规、部门规章、规范性 文件和公司章程的规定。 （二）本次监事会会议于 2025 年 3 月 31 日以邮件、电话方式向公司监事会 全体监事发出第八届监事会第七次会议通知和材料。 （三）本次监事会会议于 2025 年 4 月 10 日以通讯表决方式在山东省东营市 垦利区同兴路 198 号石大胜华办公楼 A326 室召开。 （二）通过《关于公司 2024 年度监事会工作报告的议案》，该议案需提交公 司股东大会审议 二、监事会会议审议情况 （一）通过《关于公司 2024 年度利润分配方案的议案》，该议案需提交公司 股东大会审议 监事会认为：公司 2024 年 ...