1.身份类别 证券代码：603181 证券简称：皇马科技 公告编号：2025-019 皇马科技：关于持股 5%以上股东 权益变动触及 1%刻度的提示性公告 投资者及其一致行动人王伟松先生、马荣芬女士、浙江皇马控股集团 有限公司、绍兴世荣宝盛投资管理合伙企业（有限合伙）、绍兴多银多投资 管理合伙企业（有限合伙）保证向本公司提供的信息真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少√ | | --- | --- | --- | --- | | 权益变动前合计比例 | 44.76% | | | | 权益变动后合计比例 | 43.70% | | | | 本次变动是否违反已作出的承 | 是□ | 否√ | | | 诺、意向、计划 | | | | | 是否触发强制要约收购义务 | 是□ | 否√ | | 一、 信息披露义务人及其一致行动人的基本信息 | | √控股股东/实际控制人及其一致行动人 | | --- | --- | | | □其他 5%以上大股东及其一致行动人 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（ ...

Investment Rating - The industry investment rating is maintained as "Positive" [6] Core Viewpoints - The report highlights that policy changes are expected to drive medium to long-term recovery in the industry, with a continued positive outlook on resource sector performance exceeding expectations [2][9] - The petrochemical sector is anticipated to stabilize growth, with the retirement of outdated facilities likely to enhance industry recovery [9][17] - The report emphasizes the sustained optimism regarding the agricultural resource chain, particularly in the phosphate and potassium sectors, which are expected to maintain a relatively balanced supply-demand situation despite concerns over new capacity releases [9][17] Summary by Sections Price and Price Spread Changes - The report monitors 188 chemical products, noting that the top three price increases were for liquid chlorine (up 21.8%), TDI 80/20 (up 18.8%), and natural gas (up 6.3%), while the largest declines were for D4 (down 9.6%), butane (down 6.7%), and acrylic acid (down 5.0%) [14][18] - The top three price spreads that increased were PTA (up 1103.7%), TDI spread (up 30.1%), and acrylic acid butyl ester spread (up 25.6%), with the largest declines in styrene (down 36.5%), oil head propylene spread (down 36.1%), and polyethylene spread (down 20.8%) [19][18] Industry Recovery Expectations - There is a continuous expectation for industry bottom recovery, driven by policy changes and market dynamics [12] - The report indicates that the petrochemical sector has been in a prolonged low phase, and recent policy adjustments are likely to enhance market expectations for recovery [9][17] Agricultural Resource Sector Outlook - The agricultural resource sector, particularly phosphate and potassium, is expected to remain in a relatively tight supply-demand balance, with traditional agricultural needs and emerging demands contributing to this stability [9][17]

Group 1 - The announcement details the retirement of senior management personnel, specifically Mr. Wang Xinrong, who is stepping down as General Manager due to reaching retirement age [1][3] - Mr. Wang Xinrong will continue to serve as a director and a member of the board's strategic committee after his resignation as General Manager [3] - The company assures that Mr. Wang's departure will not adversely affect its normal operations, and the transition will be managed according to internal protocols [3] Group 2 - The board expresses gratitude for Mr. Wang's contributions during his tenure as General Manager, highlighting his diligence and commitment [3] - Mr. Wang Weisong, the company's legal representative and chairman, will temporarily oversee daily operations until a new General Manager is appointed [3] - The board plans to complete the appointment of a new General Manager following legal procedures [3]

证券代码：603181 证券简称：皇马科技 公告编号：2025-018 浙江皇马科技股份有限公司 关于公司高级管理人员到龄退休的公告 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。 一、高级管理人员离任情况 （一）提前离任的基本情况 | 姓名 | 离任职务 | 离任时间 | | 原定任期 到期日 | | 离任原因 | 是否继续在上 市公司及其控 | 具体职务 | 是否存在 未履行完 毕的公开 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 股子公司任职 | | 承诺 | | 王新荣 | 总经理 | 2025 年 | 6 | 2025 年 | 9 月 | 到龄退休 | 是 | 公司董事 | 否 | | | | 月 26 | 日 | 8 日 | | | | | | （二）离任对公司的影响 浙江皇马科技股份有限公司董事会于近日收到公司董事兼总经理王新荣先 生提交的书面辞职报告，王新荣先生因到龄退休申请辞去公司总经理职务。根 ...

Investment Rating - The industry investment rating is "Positive (Maintain)" [5] Core Viewpoints - The ongoing conflict between Israel and Iran has significantly increased the risk premium for oil and gas, impacting prices and market dynamics [8][17] - There is a heightened focus on Iranian chemical products due to their substantial global production and export share, particularly methanol and ethylene glycol [8][17] - The report highlights that even if Iranian oil exports cease, other suppliers like OPEC+ can quickly fill the gap, but damage to Iranian chemical production facilities could have long-term effects [8][17] Price Changes - The report monitors 188 chemical products, with the top three price increases being crude oil (up 13.7%), paraxylene (up 10.5%), and WTI (up 10.4%); the largest declines were in liquid chlorine (down 60.0%), vitamin E (down 14.2%), and acrylic short fiber (down 7.9%) [14][18] - The report also notes significant changes in price spreads, with the largest increases in BDO spread (up 6955.9%), hydrogen peroxide spread (up 500.0%), and butyl acrylate spread (up 97.7%); the largest declines were in R410a spread (down 25100.0%), PTA (down 38.5%), and PTMEG spread (down 22.8%) [18][19] Investment Recommendations - The report recommends buying shares in companies that are expected to benefit from the price increases due to the Israel-Iran conflict, including Huayi Group (600623), Baofeng Energy (600989), Satellite Chemical (002648), and Wankai New Materials (301216) [8] - It also suggests focusing on agricultural chemical companies with differentiated growth logic, such as Yangnong Chemical (600486) and Runfeng Shares (301035), as well as companies less affected by overseas fluctuations, including Guoguang Shares (002749), Hualu Hengsheng (600426), and Huamao Technology (603181) [8]

Investment Rating - The industry investment rating is "Buy" for companies with strong fundamentals and low correlation to oil prices, suggesting a bottom-fishing strategy [10][18]. Core Viewpoints - The report indicates a recovery in macro expectations, with a notable increase in oil prices due to supply risks from geopolitical tensions and seasonal demand [10][14]. - The report emphasizes the importance of focusing on domestic demand and opportunities in new material substitutions, particularly in the agricultural chemical sector during the spring planting season [10][18]. Summary by Sections 1. Core Viewpoints - Oil prices have risen this week, with a focus on companies that have strong fundamentals and are less affected by oil price fluctuations [10][18]. - Recommendations include companies like Wanhua Chemical, Huamao Technology, Runfeng Co., Guoguang Co., and Hualu Hengsheng, highlighting their unique market positions and growth potential [10][18]. 2. Oil and Chemical Price Information 2.1 Oil - As of June 6, Brent oil prices increased by 4.02% to $66.47 per barrel, driven by supply risks and seasonal demand [14]. - U.S. crude oil commercial inventories decreased by 4.3 million barrels to 436.1 million barrels [14]. 2.2 Chemicals - Among 188 monitored chemical products, the top three price increases this week were for liquid chlorine (up 11.8%), natural gas (up 9.3%), and hydrochloric acid (up 4.6%) [15]. - The report notes significant monthly price changes, with hydrochloric acid increasing by 54.5% [10][15]. 3. Price and Spread Changes - The report highlights the top three products with the largest weekly spread increases: R410a spread (up 200.0%), acrylic acid butyl ester spread (up 58.2%), and PTA (up 45.9%) [10][20]. - Monthly spread changes show significant increases in the electric stone method PVC spread (up 216.9%) [10][20].

Core Viewpoint - The company, Zhejiang Huama Technology Co., Ltd., is actively exploring new applications for polyethylene glycol (PEG) and poly(ethylene oxide) (PEO) in various industries, including lithium batteries and hydrogels, while also announcing a cash dividend distribution plan for shareholders [2][3][4]. Group 1: Company Performance and Financials - As of June 4, 2025, Huama Technology's stock closed at 12.88 yuan, with a slight increase of 0.39% and a trading volume of 58,000 shares, resulting in a transaction amount of 74.6573 million yuan [1]. - The company reported a net profit attributable to shareholders of 397,776,971.79 yuan for the 2024 fiscal year, while the parent company's net profit was -8,511,370.43 yuan [4]. - The company plans to distribute a cash dividend of 0.21 yuan per share, totaling 120,877,680 yuan, with the record date set for June 10, 2025, and the payment date on June 11, 2025 [3][4]. Group 2: Shareholder Information - The cash dividend distribution will be applicable to all shareholders registered by the end of the record date, with specific tax implications for different types of investors, including a 10% withholding tax for qualified foreign institutional investors [3][4]. - The company has conducted a share buyback of 13,092,000 shares, representing 2.2239% of the total share capital, which will not participate in the dividend distribution [4][5]. Group 3: Market Activity - On June 4, 2025, the net outflow of funds from major investors was 549.29 million yuan, while retail investors saw a net inflow of 836.67 million yuan, indicating varied investor sentiment [2][4].

证券代码：603181 证券简称：皇马科技 公告编号：2025-017 浙江皇马科技股份有限公司2024年年度权益分派实施公告 重要内容提示： 每股分配比例 A 股每股现金红利0.21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 | 2025/6/10 | － | 2025/6/11 | 2025/6/11 | 差异化分红送转： 是 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、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 8 日的2024年年度股东大会审议通过。 二、 分配方案 3. 差异化分红送转方案： （一）本次差异化分红方案 公司 2024 年度以实施权益分派股权登记日登记的应分配股数（总股本扣减公司回购专用 证券账户中股份数）为基数，向股东每股派发现金红利 0.21 元（含税）。公司总股本为 588,700,000 股，扣除公司回购专用证券账户中股数 ...

上海市广发律师事务所 关于浙江皇马科技股份有限公司 差异化分红事项之 专项法律意见 电话：021-58358013 | 传真：021-58358012 网址：http://www.gffirm.com | 电子信箱：gf@gffirm.com 办公地址：上海市浦东新区南泉北路 429 号泰康保险大厦 26 楼 | 邮政编码：200120 上海市广发律师事务所 关于浙江皇马科技股份有限公司差异化分红事项之 专项法律意见 致：浙江皇马科技股份有限公司 上海市广发律师事务所（以下简称"本所"）接受浙江皇马科技股份有限公 司（以下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称"《公 司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上海证券交易所 上市公司自律监管指引第 7 号——回购股份》（以下简称"《自律监管指引第 7 号》"）等法律法规、其他规范性文件以及《浙江皇马科技股份有限公司章程》（以 下简称"《公司章程》"）的规定，就公司 2024 年度利润分配所涉及的差异化分红 特殊除权除息处理（以下简称"本次差异化分红"）的相关事宜进行专项核查并 出具法律意见书。 为出具本法律意见书， ...

Core Viewpoint - The company has demonstrated steady revenue and profit growth in 2024 and Q1 2025, driven by increased production and sales volumes, along with strategic adjustments in product offerings [1][2]. Financial Performance - In 2024, the company reported operating revenue of 2.333 billion yuan, a year-on-year increase of 23.17%, and a net profit attributable to shareholders of 398 million yuan, up 22.50% year-on-year [1]. - The Q4 2024 revenue was 611 million yuan, showing a slight quarter-on-quarter decline of 0.39%, while net profit increased by 18.25% to 112 million yuan [1]. - For Q1 2025, the company achieved operating revenue of 603 million yuan, a year-on-year increase of 13.47%, and a net profit of 102 million yuan, up 15.77% year-on-year [1]. Production and Sales - In 2024, the production of specialty surfactants reached 183,100 tons, a year-on-year increase of 30.66%, with sales volume at 179,300 tons, up 26.85% year-on-year [2]. - The strategic emerging product segment saw sales of 48,500 tons, accounting for 27.06% of total sales [2]. - In Q1 2025, production of specialty surfactants was 45,500 tons, a year-on-year increase of 11.08%, with sales volume at 47,300 tons, up 16.99% year-on-year [2]. Cost and Expenses - In 2024, the average selling price of specialty surfactants was 13,001.39 yuan/ton, a decrease of 2.85% year-on-year [2]. - The sales expense ratio was 0.42%, down 0.04 percentage points year-on-year, while the management expense ratio was 2.36%, down 0.58 percentage points [3]. - The company experienced a significant decline in cash flow from operating activities, with a net cash flow of 9.4 million yuan, down 70.61% year-on-year [3]. Capacity Expansion - The company is progressing with the construction of the Kaimeike factory, which will have an annual production capacity of 330,000 tons of high-end functional new materials [4]. - The first phase of production capacity is expected to begin trial production in the first half of 2026, with the second phase planned for completion by the end of 2027 [4]. - Additional projects, such as the annual production of 900 tons of polyether amine, have already commenced operations [4]. Future Outlook - Revenue projections for 2025-2027 are estimated at 2.741 billion, 3.258 billion, and 3.643 billion yuan, representing year-on-year growth rates of 17.5%, 18.9%, and 11.8% respectively [5]. - Net profit forecasts for the same period are 493 million, 587 million, and 682 million yuan, with growth rates of 24.0%, 19.1%, and 16.0% respectively [5].