Group 1 - The company Shida Shenghua announced the convening of its 24th meeting of the 8th Board of Directors on October 30, 2025, in Dongying, Shandong Province [1] - The meeting reviewed the proposal regarding the company's Q3 2025 report [1] - For the first half of 2025, the revenue composition of Shida Shenghua was as follows: Dimethyl Carbonate series accounted for 41.85%, other products 25.7%, MTBE 18.39%, trading business series 12.51%, and liquefied gas 1.09% [1]

Market Overview - A-shares experienced a decline in the afternoon session, with the Shanghai Composite Index falling below the 4000-point mark again, closing down 0.73% at 3986.9 points, while the Shenzhen Component Index dropped 1.16% to 13532.13 points, and the ChiNext Index fell 1.84% to 3263.02 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 246.46 billion yuan, an increase of 17.37 billion yuan compared to the previous day [1] Lithium Industry - The lithium battery sector saw a strong rally, with stocks like Penghui Energy hitting a 20% limit up, and Tianhua New Energy rising nearly 15% [2] - Tianqi Lithium reported Q3 revenue of 2.565 billion yuan, down 29.66% year-on-year, but net profit increased by 119.26% to 95.49 million yuan [2] - Ganfeng Lithium announced Q3 revenue of 6.249 billion yuan, up 44.10% year-on-year, with net profit soaring 364.02% to 555 million yuan [2] - Analysts attribute the volatility in lithium carbonate prices to supply constraints, explosive demand growth, and resource price transmission to downstream sectors [3] Quantum Technology - The quantum technology sector showed renewed activity, with stocks like Guandun Quantum hitting a new high of over 600 yuan [4] - The Chinese government has emphasized the importance of quantum technology in its 15th Five-Year Plan, indicating future policy support [7] - Analysts suggest that the commercialization of quantum computing, communication, and precision measurement is accelerating, presenting investment opportunities in the quantum information sector [7] Steel Industry - The steel sector maintained strength, with overall gains exceeding 1%, and companies like Anyang Steel and Erdos hitting the limit up [4] - Analysts from Dongfang Securities predict that the ongoing supply reduction trend will help stabilize steel prices and improve corporate profitability [5] - The steel industry is expected to enter a phase of high-quality, high-return development, enhancing dividend capabilities for steel companies [6]

Core Viewpoint - Shida Shenghua, established in December 2002 and listed on the Shanghai Stock Exchange in May 2015, is the world's largest production base for carbonate series products, focusing on deep processing of basic organic chemical products and creating a complete industrial chain around carbonate products [1] Group 1: Business Performance - In Q3 2025, Shida Shenghua reported revenue of 4.635 billion yuan, ranking 23rd out of 44 in the industry, significantly lower than the top competitor Zhongwei Co. at 33.297 billion yuan and second-place Greeenmei at 27.498 billion yuan, as well as below the industry average of 6.52 billion yuan and median of 4.845 billion yuan [2] - The main business composition includes dimethyl carbonate series, contributing 1.26 billion yuan, accounting for 41.85% of total revenue [2] - The net profit for the same period was -124 million yuan, ranking 33rd out of 44, with a notable gap compared to the first-place Putailai at 1.872 billion yuan and second-place China Baowu at 1.319 billion yuan, also below the industry average of 198 million yuan and median of 16.084 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Shida Shenghua's debt-to-asset ratio was 50.55%, down from 54.15% year-on-year and below the industry average of 51.96% [3] - The gross profit margin for the same period was 4.52%, a decrease from 5.31% year-on-year, and also lower than the industry average of 10.89% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 12.68% to 42,000, with an average holding of 4,825.94 circulating A-shares, a decrease of 11.25% from the previous period [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked as the sixth largest circulating shareholder, holding 3.3536 million shares as a new shareholder [5] Group 4: Executive Compensation - The chairman, Guo Tianming, received a salary of 1.397 million yuan in 2024, an increase of 12,200 yuan from 2023 [4] - The general manager, Yu Haiming, had a salary of 1.308 million yuan in 2024, up from 1.303 million yuan in 2023 [4]

Core Insights - The 2025 (21st) China Carbonate Industry Chain Innovation Development Conference and Lithium-ion Battery Electrolyte Technology and Market Exchange Conference aims to address industry challenges and opportunities through technological, product, and supply chain innovations [1] - The conference emphasizes collaboration among enterprises to stimulate industry vitality and aims to provide practical solutions for development challenges in the carbonate and electrolyte industries [1] Group 1: Conference Overview - The conference is organized by China Chemical News and the Carbonate Industry Think Tank, with support from various companies and institutions [1] - Key supporting organizations include Shida Shenghua New Materials Group Co., Ltd., Tangshan Haoyu Technology Development Co., Ltd., and others [1] Group 2: Agenda Highlights - The conference will feature a series of reports and discussions on topics such as green catalytic energy-saving synthesis processes for carbonate derivatives and new technologies for the direct conversion of methanol to DMC [2] - Other topics include energy-saving technology advancements for dimethyl carbonate and innovations in emerging application fields [2] Group 3: Focus Areas - The conference will address innovations in battery electrolyte materials, including the latest developments in solvents and additives for lithium battery electrolytes [3] - It will also explore the impact of new energy storage policies and growing overseas market demand on industry development opportunities [3] Group 4: Additional Activities - A closed-door meeting will be held to discuss national industrial policies, current industry status, ongoing projects, pricing systems, market expansion, and future development opportunities [3] - The conference aims to build a platform for industry-academia-research collaboration to support enterprise needs [4]

Core Viewpoint - Shida Shenghua (603026.SH) reported a net loss in the third quarter of 2025 despite an increase in revenue, primarily due to higher market and R&D investments leading to increased operating expenses [1] Financial Performance - For the first three quarters of 2025, the company achieved an operating income of 4.635 billion yuan, representing a year-on-year growth of 11.41% [1] - The net loss for the first three quarters was 62.2018 million yuan [1] - In the third quarter, the operating income was 1.624 billion yuan, with a year-on-year increase of 5.50% [1] - The net loss in the third quarter amounted to 5.8641 million yuan [1] Operational Insights - The increase in operating expenses is attributed to the company's intensified market investment and R&D efforts, which resulted in reduced operating profit [1]

证券代码：603026 证券简称：石大胜华 公告编号：临 2025-071 石大胜华新材料集团股份有限公司 2025年前三季度主要经营数据公告 单位：人民币元/吨 | 原材料名称 | 2025 年 1-9 月平均 | 2024 年 1-9 月 | 变动比率（%） | | --- | --- | --- | --- | | | 进价 | 平均进价 | | | 低压液化气 | 5,143.04 | 6,247.88 | -17.68 | | 丙烯 | 5,928.18 | 6,178.38 | -4.05 | | 乙醇 | 5,315.70 | 6,003.46 | -11.46 | | 环氧丙烷 | 7,151.94 | 8,248.92 | -13.30 | | 甲醇 | 2,102.46 | 2,167.06 | -2.98 | | 环氧乙烷 | 5,757.62 | 5,887.92 | -2.21 | 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 ...

证券代码：603026 证券简称：石大胜华 公告编号：临 2025-070 石大胜华新材料集团股份有限公司 第八届监事会第十六次会议决议公告 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）通过《关于公司 2025 年第三季度报告的议案》。 监事会对 2025 年第三季度报告进行了认真严格的审核，认为： （1）公司 2025 年第三季度报告的内容与格式符合中国证监会和上海证券 交易所的规定，所披露的信息真实、完整地反映了公司 2025 年第三季度的经营 情况和财务状况等事项。 （2）公司 2025 年第三季度报告的编制和审议程序符合法律、法规及《公 司章程》和公司内部管理制度的各项规定。 （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 10 月 24 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十六次会议通知和材料。 （三）本次监事会会议于 2025 年 10 月 30 日以现场加通讯表决方式在山 ...

证券代码：603026 证券简称：石大胜华 公告编号：临 2025-069 石大胜华新材料集团股份有限公司 第八届董事会第二十四次会议决议公告 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。 一、董事会会议召开情况 （一）本次董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）本次董事会会议于 2025 年 10 月 24 日以邮件、电话方式向公司董事 会全体董事发出第八届董事会第二十四次会议通知和材料。 （三）本次董事会会议于 2025 年 10 月 30 日以现场加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 A325 室召开。 （四）本次董事会应出席的董事 9 人，实际参与表决的董事 9 人。 （五）本次董事会会议由董事长郭天明先生主持。 二、董事会会议审议情况 （一）通过《关于公司 2025 年第三季度报告的议案》。 表决情况： 9 票赞成， 0 票弃权， 0 票反对， 0 票回避。 公司第八届董事会审计委员会第十次会议审议通过了《关于公司 2025 年第 ...

证券代码：603026 证券简称：石大胜华 石大胜华新材料集团股份有限公司 2025 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 石大胜华新材料集团股份有限公司2025 年第三季度报告 单位：元币种：人民币 | | | 本报告期 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 1,624,403,047.14 | 5.50 | 4,635,270,14 ...

Market Overview - The three major A-share indices collectively retreated, with the Shanghai Composite Index falling below the 4000-point mark, closing at 3986.90 points, down 0.73% [1] - The Shenzhen Component Index decreased by 1.16%, closing at 13532.13 points, while the ChiNext Index dropped 1.84% to 3263.02 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 242.17 billion, an increase of 16.56 billion compared to the previous day [1] Sector Performance - Most industry sectors experienced declines, with the energy and metals sector seeing significant gains [1] - The steel and battery sectors had the highest increases, while the gaming, power equipment, electronic chemicals, coal, securities, and agricultural chemicals sectors faced the largest declines [1] Stock Movements - Over 1200 stocks rose, with more than 60 hitting the daily limit up [1] - Lithium mining stocks surged, with Tianqi Lithium reaching the daily limit up [1] - Quantum technology stocks were active, with Shenzhou Information achieving two consecutive limit ups and Geer Software hitting four limit ups in six days [1] - The battery sector showed volatility, with Shida Shenghua and Tianji Shares both hitting the daily limit up [1] - The energy storage sector saw localized activity, with Tongrun Equipment achieving two consecutive limit ups [1] - Conversely, computing hardware stocks collectively weakened, with Tianfu Communication and Xinyisheng experiencing significant declines [1] - The gaming sector suffered a sharp drop, with Giant Network nearing the daily limit down [1] - The coal sector mostly declined, with Antai Group hitting the daily limit down [1] Capital Flow - In terms of capital flow, the energy metals, steel, and insurance sectors ranked high for net inflows, with energy metals seeing a net inflow of 2.829 billion [1] - On the outflow side, the communication equipment, semiconductor, and electronic components sectors experienced significant net outflows, with communication equipment seeing a net outflow of 12.23 billion [3]