Core Viewpoint - The recent financial report of Dingjide (603255) shows a mixed performance with a significant increase in revenue but a decline in net profit, indicating potential challenges in profitability and cash flow management [1]. Financial Performance Summary - Total revenue for the first half of 2025 reached 438 million yuan, a year-on-year increase of 19.03% compared to 368 million yuan in 2024 [1]. - Net profit attributable to shareholders was 4.23 million yuan, down 20.52% from 5.32 million yuan in the previous year [1]. - The gross profit margin decreased to 9.95%, a decline of 38.36% from 16.15% in 2024, while the net profit margin fell to 0.67%, down 34.25% from 1.02% [1]. - The company reported a significant increase in accounts receivable, which reached 385 million yuan, up 34.81% from 285 million yuan [1]. - The total liabilities increased dramatically, with interest-bearing debt rising by 344.55% to 2.75 billion yuan [1]. Cash Flow and Asset Management - Operating cash flow per share was -0.58 yuan, a drastic decline of 1424.52% compared to -0.04 yuan in the previous year, indicating severe cash flow issues [1]. - The company’s cash and cash equivalents decreased by 17.81% to 169 million yuan, reflecting challenges in liquidity management [3]. - The total assets increased by 34.54%, primarily due to increased construction in progress at the subsidiary [15]. Expense and Cost Analysis - Total selling, administrative, and financial expenses amounted to 39.48 million yuan, accounting for 9.01% of revenue, a decrease of 15.01% year-on-year [1]. - Financial expenses surged by 99.40%, attributed to reduced interest income and increased short-term borrowing costs [12]. Investment and Future Outlook - Analysts expect the company's performance in 2025 to reach a net profit of 92 million yuan, with an average earnings per share of 0.68 yuan [18]. - The company’s reliance on capital expenditure for growth raises concerns about the sustainability of its business model and the effectiveness of its investment strategies [17].

Core Insights - The company Dingjide reported an increase in shareholder accounts, reaching 6,653 as of June 30, 2025, which is a 34.43% increase from March 31, 2025, with an addition of 1,704 accounts [1][2] - The average number of shares held per account decreased from 27,200 to 20,200, while the average market value per account is 624,200 yuan [1][2] - Compared to the chemical products industry, Dingjide's shareholder accounts are below the industry average of 27,500, but its average market value per account exceeds the industry average of 303,800 yuan [1][2] Financial Performance - From March 31, 2025, to June 30, 2025, Dingjide's stock price experienced a decline of 1.09%, despite the increase in shareholder accounts [1][2] - The company saw a net outflow of 108 million yuan from institutional investors, while retail investors contributed a net inflow of 63.14 million yuan during the same period [2]

Core Viewpoint - Dingjide (603255.SH) reported its 2025 semi-annual results, highlighting a significant presence of institutional investors holding 56.96% of its total shares, although this represents a decrease of 2.35 percentage points from the previous quarter [1] Institutional Holdings - As of August 26, 2025, five institutional investors disclosed their holdings in Dingjide, totaling 76.67 million shares [1] - The institutional investors include Yingkou Dingjide Industrial Development Co., Ltd., Yingkou Shengjin Industrial Development Co., Ltd., National Social Security Fund 503 Portfolio, Yingkou Dingjide Enterprise Management Consulting Center (Limited Partnership), and Industrial and Commercial Bank of China - Nuoan New Economy Equity Fund [1] - The total institutional holding percentage decreased by 2.35 percentage points compared to the last quarter [1] Public Fund Activity - One new public fund disclosed its holdings during this period, specifically the Nuoan New Economy Equity Fund [1] Social Security Fund Changes - The National Social Security Fund 503 Portfolio was the only social security fund to reduce its holdings, with a decrease of 1.04% compared to the previous quarter [1]

Core Viewpoint - Dingjide (603255.SH) reported a revenue of 438 million yuan for the first half of 2025, reflecting a year-on-year growth of 19.03%. However, the net profit attributable to shareholders decreased by 20.52% to 4.23 million yuan, and the net profit after deducting non-recurring items fell by 31.06% to 2.96 million yuan, with basic earnings per share at 0.03 yuan [1] Financial Performance - The company achieved a revenue of 438 million yuan, marking a 19.03% increase compared to the previous year [1] - The net profit attributable to shareholders was 4.23 million yuan, which represents a decline of 20.52% year-on-year [1] - The net profit after deducting non-recurring items was 2.96 million yuan, down 31.06% from the same period last year [1] - Basic earnings per share stood at 0.03 yuan [1]

Core Viewpoint - Dingjide announced the approval of the proposal regarding the company's 2025 semi-annual report and summary during the ninth meeting of the third supervisory board [2] Group 1 - The third supervisory board of the company held its ninth meeting [2] - The meeting reviewed and approved the proposal for the 2025 semi-annual report and summary [2]

Group 1 - The company, Dingjide, announced the approval of its 2025 semi-annual report and summary by the third board's tenth meeting [2]

Meeting Overview - The third meeting of the Supervisory Board of Liaoning Dingjide Petrochemical Co., Ltd. was held on August 26, 2025, with all three supervisors present, complying with relevant laws and regulations [1]. Financial Report Approval - The Supervisory Board approved the 2025 semi-annual report and its summary, which adequately reflects the company's financial status and operational results during the reporting period [2]. - The report's preparation and review process adhered to legal and regulatory requirements, with no violations of confidentiality found among the personnel involved [2]. Fund Usage Report Approval - The Supervisory Board also approved the special report on the storage and actual use of raised funds for the first half of 2025, confirming compliance with relevant regulations and accurately reflecting the company's fund usage [3]. - There were no changes or disguised changes in the use of raised funds that could harm shareholder interests [3].

证券代码：603255 证券简称：鼎际得 公告编号：2025-037 辽宁鼎际得石化股份有限公司 第三届监事会第九次会议决议公告 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 辽宁鼎际得石化股份有限公司（以下简称"公司"）第三届监事会第九次会 议通知于 2025 年 8 月 16 日以书面及通讯方式发出，会议于 2025 年 8 月 26 日以 现场的方式召开举行。会议应到监事 3 人，实到监事 3 人。本次会议由监事会主 席张寨旭先生主持，会议的召集和召开符合《中华人民共和国公司法》等有关法 律法规及《辽宁鼎际得石化股份有限公司章程》（以下简称"《公司章程》"） 的规定。 二、监事会会议审议情况 经与会监事审议表决，形成的会议决议如下： （一）审议通过了《关于公司 2025 年半年度报告及摘要的议案》 议案内容：具体内容详见同日刊载于上海证券交易所网站（www.sse.com.cn） 的《辽宁鼎际得石化股份有限公司 2025 年半年度报告》《辽宁鼎际得石化股份 有限公司 2025 年半年度报告摘要》 ...

证券代码：603255 证券简称：鼎际得 公告编号：2025-036 辽宁鼎际得石化股份有限公司 第三届董事会第十次会议决议公告 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）审议通过了《关于公司 2025 年半年度报告及摘要的议案》 议案内容：具体内容详见同日刊载于上海证券交易所网站（www.sse.com.cn） 的《辽宁鼎际得石化股份有限公司 2025 年半年度报告》《辽宁鼎际得石化股份有 限公司 2025 年半年度报告摘要》。 表决结果：同意票数 7 票，反对票数 0 票，弃权票数 0 票。 本议案已经董事会审计委员会审议通过。 （二）审议通过了《关于公司 2025 年半年度募集资金存放与实际使用情况 专项报告的议案》 议案内容：具体内容详见同日刊载于上海证券交易所网站（www.sse.com.cn） 的《辽宁鼎际得石化股份有限公司关于 2025 年半年度募集资金存放与实际使用 情况的专项报告》 表决结果：同意票数 7 票，反对票数 0 票，弃权票数 0 票。 一、董事会会议召开情况 辽宁鼎际得石化股份有限公司 ...

Group 1 - The board of directors of Liaoning Dingjide Petrochemical Co., Ltd. held its tenth meeting of the third session on August 26, 2025, with all seven directors present [1][2] - The board approved the 2025 semi-annual report and its summary, with a unanimous vote of 7 in favor and no opposition or abstentions [2] - The board also approved the special report on the storage and actual use of raised funds for the first half of 2025, again with a unanimous vote of 7 in favor [2]