Core Viewpoint - The company announced a cash dividend distribution of 0.15 yuan per share for the first half of 2025, approved by the shareholders' meeting on September 12, 2025 [2][3]. Distribution Plan - The total number of shares before the distribution is 315,786,800, resulting in a total cash dividend payout of 47,368,020 yuan [3]. - The cash dividend is inclusive of tax, with a distribution method involving the China Securities Depository and Clearing Corporation Limited [4]. Relevant Dates - The cash dividend distribution is based on the shareholding status as of the close of trading on the day before the equity registration date [3]. Taxation Details - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, resulting in an actual distribution of 0.15 yuan per share [8]. - For shares held for less than one year, the tax will be calculated upon transfer, with the actual cash dividend remaining at 0.15 yuan per share [9]. - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax applied, leading to a net cash dividend of 0.135 yuan per share [10]. - Hong Kong investors through the Stock Connect will also receive a net cash dividend of 0.135 yuan per share after a 10% withholding tax [11].

Core Points - The company XinYaqiang announced a profit distribution plan for the first half of 2025, proposing a cash dividend of 0.15 yuan per share (tax included) [1] - The record date for the dividend is set for September 29, 2025, with the ex-dividend date and payment date both on September 30, 2025 [1]

证券代码：603155 证券简称：新亚强 公告编号：2025-055 新亚强硅化学股份有限公司 2025年半年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.15元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/9/29 | － | 2025/9/30 | 2025/9/30 | 差异化分红送转：否 一、通过分配方案的股东会届次和日期 本次利润分配方案经新亚强硅化学股份有限公司（以下简称"公司"）2025 年 9 月 12 日召开的2025年第二次临时股东会审议通过。 二、分配方案 1、发放年度：2025年半年度 2、分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3、分配方案： 本次利润分配以方案实施前的公司总 ...

Investment Rating - The report maintains a "Recommended" rating for the chemical industry [1] Core Insights - The chemical industry in China is expected to undergo a revaluation due to anti-involution measures, which may lead to a significant slowdown in global chemical capacity expansion. This shift could enhance the cash flow and dividend yield of Chinese chemical companies, transforming them from cash-consuming entities to profit-generating ones [6][29] - The demand for chromium salts is anticipated to rise significantly due to increased orders for gas turbines and commercial aircraft engines in Europe and the US, leading to a projected shortfall of 250,000 tons by 2028, which is about 23% of the total annual production [6] - The report highlights four key investment opportunities: low-cost expansion, improving industry conditions, new materials, and high dividend yields from state-owned enterprises [7][8] Summary by Sections Recent Performance - The basic chemical sector has shown a performance increase of 51.0% over the past 12 months, compared to 42.5% for the CSI 300 index [4] Investment Recommendations - The report emphasizes the potential for low-cost expansion in major companies such as Wanhua Chemical, Hualu Hengsheng, and others, alongside sectors like tires and fertilizers [7] - It also points out the improving conditions in various segments, including chromium salts, phosphate rock, and agricultural chemicals [8] Key Products Analysis - Recent price increases were noted for acrylic acid and esters, with butyl acrylate priced at 7,600 RMB/ton, reflecting a 3.40% increase [10] - The report also mentions the price of polymer MDI in East China at 15,550 RMB/ton, up by 1.97% [10] Company Tracking and Earnings Forecast - The report provides a detailed earnings forecast for key companies, indicating a positive outlook for many, with several companies rated as "Buy" [30]

证券代码：603155 证券简称：新亚强 公告编号：2025-054 新亚强硅化学股份有限公司 2025年第二次临时股东会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 （一）股东会召开的时间：2025 年 9 月 12 日 （二）股东会召开的地点：宿迁生态化工科技产业园扬子路 2 号新亚强硅化 学股份有限公司会议室 （三）出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 245 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 237,607,423 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 75.2430 | | 份总数的比例（%） | | （四）表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况 等。 本次会议由董事会召集，董事长初亚军先生主持，采用现场投票和网络投票 相结合的方式召开并表决。会议的召集和召开符合《公司法 ...

北京市海问律师事务所 关于新亚强硅化学股份有限公司 2025 年第二次临时股东会的法律意见书 致：新亚强硅化学股份有限公司 根据《中华人民共和国证券法》、《中华人民共和国公司法》（以下统称"有 关法律"）及《新亚强硅化学股份有限公司章程》（以下简称"公司章程"）的规 定，北京市海问律师事务所（以下简称"本所"）受新亚强硅化学股份有限公司 （以下简称"公司"）的委托，指派本所律师列席公司于 2025 年 9 月 12 日召开 的 2025 年第二次临时股东会（以下简称"本次会议"）现场会议，对本次会议召 开的合法性进行见证，并依法出具本法律意见书。 本所及经办律师依据《中华人民共和国证券法》、《律师事务所从事证券法律 业务管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定及本法 律意见书出具日以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤 勉尽责和诚实信用原则，进行了充分的核查验证，保证本法律意见书所发表的结 论性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗漏，并承担相应 法律责任。 在本法律意见书中，本所律师仅对本次会议召集和召开的程序、出席本次会 议现场会议人员的资格及表决程序是 ...

Core Points - The company is holding a temporary shareholders' meeting on September 12, 2025, to discuss key proposals [1][4] - The meeting will include a cash dividend distribution proposal and a governance structure revision [6][9] Meeting Details - The meeting will take place at the company's conference room located at No. 2 Yangzi Road, Suqian Ecological Chemical Technology Industrial Park [3] - Voting will be conducted through a combination of on-site and online methods, with each share representing one vote [2][3] Agenda Items - Proposal for a cash dividend distribution of RMB 0.15 per share, totaling RMB 47,368,020, which is 80.27% of the net profit attributable to shareholders [6] - Proposal to cancel the supervisory board and amend the company's articles of association to enhance governance efficiency [7][9] - Proposal to revise the company's governance system in line with the cancellation of the supervisory board [9][11]

2025 年第二次临时股东会会议材料 新亚强硅化学股份有限公司 2025 年第二次临时股东会 会议材料 2025 年 9 月 2025 年第二次临时股东会会议材料 新亚强硅化学股份有限公司 2025 年第二次临时股东会会议须知 各位股东及股东代表： 为维护投资者的合法权益，确保股东在本次临时股东会期间依法行使权利， 保证股东会的正常秩序和议事效率，依据《新亚强硅化学股份有限公司章程》和 《新亚强硅化学股份有限公司股东大会议事规则》的有关规定，制定如下须知： 一、本次股东会由公司董事会具体负责有关程序方面的事宜。各股东及股东 代表应按照本次股东会通知中规定的时间和登记办法办理参会手续，证明文件不 全或手续不全者，谢绝参会。 二、股东（含股东代理人）参加股东会，依法享有发言权、质询权、表决权 和依照法律法规及公司章程规定获取有关信息等项权利，并认真履行法定义务。 2025 年第二次临时股东会会议材料 六、股东会期间，全体参会人员应自觉维护会场秩序，确保大会的正常秩序 和议事效率。进入会场后，请关闭手机或调至静音、震动状态。 七、为保证每位参会股东的权益，谢绝会议现场个人录音、拍照及录像，对 干扰会议正常秩序、寻衅 ...

Core Insights - The company reported a significant decline in both revenue and net profit for the first half of 2025, with total revenue at 321 million yuan, down 18.58% year-on-year, and net profit at 59.01 million yuan, down 27.75% year-on-year [1][3] - The company's accounts receivable is notably high, with accounts receivable accounting for 88.48% of the net profit, indicating potential liquidity issues [1][3] Financial Performance - Total revenue for 2025 was 321 million yuan, compared to 395 million yuan in 2024, reflecting an 18.58% decrease [1] - Net profit for 2025 was 59.01 million yuan, down from 81.67 million yuan in 2024, a decline of 27.75% [1] - The gross margin decreased to 20.89%, down 12.45% year-on-year, while the net margin fell to 18.32%, down 11.44% [1] - The company's operating cash flow per share dropped significantly to 0.03 yuan, a decrease of 87.31% compared to 0.26 yuan in the previous year [1] Cost and Efficiency Metrics - Total expenses related to sales, management, and finance amounted to -130.94 thousand yuan, with these expenses accounting for -0.41% of revenue, an increase of 56.79% year-on-year [1] - The company's return on invested capital (ROIC) was reported at 4.51%, indicating weak capital returns, with a historical median ROIC of 13.09% since its listing [3] Asset Management - Cash assets were reported at 122 million yuan, a significant decrease of 65.48% from 353 million yuan in the previous year [1] - Accounts receivable stood at 101 million yuan, down 26.40% from 137 million yuan in 2024 [1]

Group 1 - The company plans to distribute a cash dividend of 0.15 RMB per share to all shareholders, based on a total share capital of 315,786,800 shares as of June 30, 2025, resulting in a total cash dividend of 47,368,020 RMB, which accounts for 80.27% of the net profit attributable to shareholders and 7.93% of the undistributed profits [1][2] - The profit distribution plan is subject to approval at the company's second extraordinary general meeting of shareholders in 2025 [2] - The company will adjust the per-share distribution amount if there are changes in total share capital before the record date, while maintaining the total distribution amount [2]