证券代码：603078 证券简称：江化微 公告编号：2025-034 江阴江化微电子材料股份有限公司 关于召开2025年第一次临时股东大会的通知 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： 股东大会召开日期：2025年9月8日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、召开会议的基本情况 (一) 股东大会类型和届次 2025年第一次临时股东大会 (二) 股东大会召集人：董事会 网络投票起止时间：自2025 年 9 月 8 日 至2025 年 9 月 8 日 采用上海证券交易所网络投票系统，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 9:15-9:25,9:30-11:30，13:00-15:00；通过互联 网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《上海证券交易所上市公司自律监管指引第 ...

与会监事经审议，通过如下议案： （一）审议并通过了《关于<江阴江化微电子材料股份有限公司 2025 年半年 度报告>及其摘要的议案》； 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）披露的 《江阴江化微电子材料股份有限公司 2025 年半年度报告》及其摘要。 证券代码：603078 证券简称：江化微 公告编号：2025-024 江阴江化微电子材料股份有限公司 第五届监事会第十三次会议决议公告 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法律责任。 一、监事会会议召开情况 江阴江化微电子材料股份有限公司（以下简称"公司"）第五届监事会第十三 次会议通知于 2025 年 8 月 12 日以电子邮件等方式送达全体监事，本次会议于 2025 年 8 月 22 日在公司三楼会议室以现场结合通讯方式召开。本次会议应到监 事 3 人，实到监事 3 人，其中：郭海凤女士、徐杨女士以通讯方式参与表决。会 议由监事会主席郭海凤女士主持。会议的通知、召开及审议程序符合《公司法》 等法律法规及《公司章程》的规定。 二、监事会会议审 ...

证券代码：603078 证券简称：江化微 公告编号：2025-023 江阴江化微电子材料股份有限公司 第五届董事会第十八次会议决议公告 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法律责任。 一、董事会会议召开情况 江阴江化微电子材料股份有限公司（以下简称"公司"）第五届董事会第十 八次会议通知于 2025 年 8 月 12 日以电子邮件等方式送达全体董事，本次会议于 2025 年 8 月 22 日在公司三楼会议室以现场结合通讯方式召开。本次会议应到董 事 9 人，实到董事 9 人，其中：副董事长娄刚先生、副董事长刘术强先生、董事 徐啸飞先生、独立董事董毅女士、独立董事承军先生、独立董事章晓科先生以通 讯方式参与表决。会议由董事长殷福华先生主持。会议的通知、召开及审议程序 符合《公司法》等法律法规及《公司章程》的规定。 二、董事会会议审议情况 与会董事经审议，通过如下议案： （一）审议并通过了《关于<江阴江化微电子材料股份有限公司 2025 年半年 度报告>及其摘要的议案》； 详见同日在上海证券交易所（www.sse.com.cn）披 ...

江阴江化微电子材料股份有限公司2025 年半年度报告 公司代码：603078 公司简称：江化微 江阴江化微电子材料股份有限公司 2025 年半年度报告 1 / 146 江阴江化微电子材料股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人殷福华、主管会计工作负责人费祝海及会计机构负责人（会计主管人员）费祝 海声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 经公司董事会审议，公司2025年半年度利润分配方案为：拟以实施权益分派股权登记日登记的总 股本为基数分配利润，向全体股东每10股派发现金红利0.30元（含税）。截至2025年06月30日， 公司总股本38,563.7248万股，以此计算合计拟派发现金红利11,569,117.44元（含税）。本次不送 红股，也不进行资本公积金转增股本。 六、 前瞻性陈述的 ...

证券代码：603078 证券简称：江化微 公告编号：2025-026 江阴江化微电子材料股份有限公司 关于 2025 年半年度利润分配方案的公告 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： 每 10 股分配比例：派发现金红利 0.30 元（含税）。 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日期 将在权益分派实施公告中明确。在实施权益分派的股权登记日前公司总股本发生 变动的，拟维持分配总额不变，相应调整每股分配比例，并将在相关公告中披露。 本次不触及《上海证券交易所股票上市规则（2025 年 4 月修订）》第 9.8.1 条第一款第（八）项规定的可能被实施其他风险警示的情形。 截至2025年6月30日，江阴江化微电子材料股份有限公司（以下简称"公司"） 2025年上半年实现归属于母公司所有者的净利润为人民币48,069,562.62元，母公 司未分配利润为人民币776,916,587.27元。根据公司2024年年度股东大会的授权， 经董事会决议，公司2025年中期利润分配方案如下： 公司拟 ...

Group 1 - The company announced a revenue of 580 million yuan for the first half of 2025, representing a year-on-year growth of 11.30% [1] - The net profit for the same period was 48.0696 million yuan, showing a decline of 15.51% compared to the previous year [1] - The company plans to distribute a cash dividend of 0.3 yuan (including tax) for every 10 shares, totaling a proposed cash dividend distribution of 11.5691 million yuan (including tax) [1]

江化微公告，2025年上半年营业收入5.8亿元，同比增长11.30%。净利润4806.96万元，同比下降 15.51%。拟以实施权益分派股权登记日登记的总股本为基数分配利润，向全体股东每10股派发现金红 利0.3元（含税），合计拟派发现金红利1156.91万元（含税）。 ...

Market Performance - The electronic chemicals sector rose by 1.79% on August 20, with Kaihua Materials leading the gains [1] - The Shanghai Composite Index closed at 3766.21, up 1.04%, while the Shenzhen Component Index closed at 11926.74, up 0.89% [1] Stock Performance - Key stocks in the electronic chemicals sector showed significant price increases, with Kaihua Materials up 13.90% to 36.96, and Shanghai Xinyang up 10.35% to 56.82 [1] - Other notable performers included Hongchang Electronics (+9.99%), Zhongshi Technology (+7.47%), and Xingfu Electronics (+4.01%) [1] Trading Volume and Value - Trading volumes varied, with Shanghai Xinyang recording 270,700 shares traded, resulting in a transaction value of 1.458 billion [1] - Kaihua Materials had a trading volume of 59,800 shares, with a transaction value of 207 million [1] Capital Flow - The electronic chemicals sector experienced a net outflow of 197 million from institutional investors, while retail investors saw a net inflow of 1.87 billion [2] - Notable stocks like Hongchang Electronics and Zhongshi Technology had significant institutional net outflows of 93.5 million and 93.2 million, respectively [2] Investor Behavior - Retail investors showed strong interest in several stocks, with significant net inflows into stocks like Kaihua Materials and Shanghai Xinyang [2] - The data indicates a mixed sentiment among institutional and retail investors, with institutions pulling back while retail investors increased their positions [2]

Investment Rating - The report maintains a "Recommended" rating for the basic chemical industry [1] Core Insights - The report highlights the price increases of lithium carbonate and photoinitiators, suggesting a potential recovery in the chemical industry driven by anti-involution trends [1] - The basic chemical sector has shown strong relative performance, with a 39.4% increase over the past 12 months compared to the 25.7% increase in the CSI 300 index [3] Summary by Sections Recent Trends - The report notes a decline in the Guohai Chemical Prosperity Index to 92.75 as of August 14, 2025, down 0.11 from August 7, 2025 [4] Investment Recommendations - Key opportunities identified include: 1. Low-cost expansion in companies such as Wanhua Chemical, Satellite Chemical, and others [5] 2. Improvement in industry prosperity for chromium salts, phosphate rock, and various chemical sectors [6] 3. Focus on new materials with high growth potential and low domestic substitution rates [7] 4. High dividend opportunities in state-owned enterprises like China Petroleum and Sinopec [8] Price Analysis of Key Products - Industrial-grade lithium carbonate price increased by 9.93% to 83,000 CNY/ton [10] - Photoinitiator (TPO) price rose by 5.56% to 95 CNY/kg [10] - Polyester filament price increased by 2.16% to 7,100 CNY/ton [10] Company Performance Tracking - Notable companies such as Zhenhua Co. reported a 10.17% increase in revenue for the first half of 2025 [13] - Wanhua Chemical's pure MDI price was reported at 17,900 CNY/ton, with a slight increase [11] Market Observations - The report indicates a potential inventory replenishment cycle in the chemical sector due to anticipated fiscal policy support in China and the US [29]

Core Viewpoint - The article discusses the ongoing trend of local state-owned enterprises (SOEs) in China acquiring listed companies, highlighting both successful and unsuccessful cases, and the implications for local economic development and asset management [1][21]. Group 1: Recent Acquisitions and Changes - Shandong Pharmaceutical Glass has changed ownership to China National Pharmaceutical Group, and now another local SOE, Zibo Financial Holdings, is planning to transfer its 99% stake in Zibo Zhantian Hong Song Equity Investment Fund, potentially altering control of Dongjie Intelligent [2][3]. - Zibo SOEs have previously acquired listed companies like Jianghua Micro and Dongjie Intelligent, with mixed results in terms of performance and achieving local government objectives [3][9]. Group 2: Performance of Acquired Companies - Jianghua Micro's revenue has shown growth, but net profit has declined, with 2024 revenue at 1.099 billion yuan, up 6.73%, while net profit fell 6.29% to approximately 98.63 million yuan [11][12]. - Dongjie Intelligent has faced continuous losses since the acquisition, with revenues decreasing from 1.3 billion yuan in 2021 to 807 million yuan in 2024, and net profits turning negative [14][22]. Group 3: Local SOE Investment Strategies - Local SOEs are increasingly investing in listed companies to enhance local industry development and achieve capital appreciation through stock price increases [4][21]. - The Zibo government has ambitious plans for nurturing and acquiring listed companies, including a strategic partnership with Yingke Capital to create a 20 billion yuan technology innovation fund [19][20]. Group 4: Challenges and Reflections - The article highlights the dual nature of local SOE acquisitions, which can lead to both economic benefits and risks of asset loss or mismanagement [21]. - The case of ST Zhongcheng, which faced delisting after significant financial troubles, raises questions about the effectiveness of local SOE management and investment strategies [6][7]. Group 5: Future Outlook - Despite recent performance improvements in Dongjie Intelligent, the decision by Zibo SOEs to transfer shares raises questions about their long-term strategy and commitment to supporting local enterprises [23].