Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Views - The company reported a revenue of 438 million yuan for the first half of 2025, representing a year-on-year increase of 19.03%. However, the net profit attributable to shareholders decreased by 20.52% to 4 million yuan, and the net profit excluding non-recurring items fell by 31.06% to 3 million yuan [2][6]. - In Q2 2025, the company achieved a revenue of 239 million yuan, which is a 28.63% year-on-year increase and a 19.71% quarter-on-quarter increase. The net profit attributable to shareholders surged by 583.76% year-on-year to 8 million yuan, with a quarter-on-quarter increase of 325.40%. The net profit excluding non-recurring items also saw a significant rise of 643.02% year-on-year to 8 million yuan, with a quarter-on-quarter increase of 255.31% [2][6]. Summary by Sections Event Description - The company is on the verge of launching its POE project, which is expected to significantly boost its performance. The first phase of the project includes the construction of a 200,000 tons/year POE facility and a 300,000 tons/year ethylene to alpha-olefins facility, with a total investment of 5.6 billion yuan. The project is anticipated to commence production by September 30, 2025 [12][12]. - The domestic consumption of POE is projected to be 910,000 tons in 2024, all of which is currently imported, indicating a substantial opportunity for domestic production [12]. Financial Performance - The company forecasts net profits attributable to shareholders of 70 million yuan, 549 million yuan, and 614 million yuan for 2025, 2026, and 2027 respectively. The corresponding price-to-earnings ratios based on the closing price on August 29, 2025, are projected to be 67.0 times, 8.6 times, and 7.7 times [12][12].

Market Overview - On August 29, the chemical products sector rose by 0.89%, with Aipu Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Top Gainers in Chemical Sector - Aipu Co., Ltd. (603020) closed at 10.87, up 10.02% with a trading volume of 402,700 shares and a turnover of 424 million yuan [1] - Jianye Co., Ltd. (603948) closed at 29.17, up 9.99% with a trading volume of 49,200 shares and a turnover of 144 million yuan [1] - AkzoNobel (603722) closed at 56.46, up 8.16% with a trading volume of 63,500 shares and a turnover of 347 million yuan [1] - JuHua Co., Ltd. (600160) closed at 38.69, up 6.88% with a trading volume of 792,300 shares and a turnover of 3.027 billion yuan [1] Top Losers in Chemical Sector - ST Quantai (300225) closed at 5.16, down 7.03% with a trading volume of 300,300 shares and a turnover of 159 million yuan [2] - Matsui Co., Ltd. (688157) closed at 40.36, down 6.57% with a trading volume of 55,000 shares and a turnover of 226 million yuan [2] - Kaimete Gas (002549) closed at 15.98, down 4.65% with a trading volume of 1,144,000 shares and a turnover of 1.873 billion yuan [2] Fund Flow Analysis - The chemical products sector experienced a net outflow of 1.219 billion yuan from institutional investors, while retail investors saw a net inflow of 701 million yuan [2] - The sector's overall fund flow indicates a mixed sentiment, with institutional selling and retail buying [2] Individual Stock Fund Flow - Sanmei Co., Ltd. (603379) had a net inflow of 90.6979 million yuan from institutional investors, while retail investors had a net outflow of 11.25% [3] - Newhan New Materials (301076) saw a net inflow of 90.5876 million yuan from institutional investors, with a retail net outflow of 8.07% [3] - Silicon Treasure Technology (300019) had a net inflow of 78.6861 million yuan from institutional investors, but retail investors experienced a net outflow of 5.19% [3]

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].

根据统计，鼎际得2025年3月31日至2025年6月30日，主力资金净流出1.08亿元，游资资金净流入4526.23 万元，散户资金净流入6314.16万元。 MACD金叉信号形成，这些股涨势不错！ | | | 统计截止日 区间股价涨跌幅 股东户数 增减 增减比例 户均持股市值（元） | | | 户均持股数(股) | | --- | --- | --- | --- | --- | --- | | 2025-06-30 | -1.09% | 6653 1704 | 34.43% | 62.42万 | 2.02万 | | 2025-03-31 | -7.39% | 4949 -489 | -8.99% | 84.84万 | 2.72万 | | 2024-12-31 | 8.68% | 5438 -323 | -5.61% | 83.31万 | 2.47万 | | 2024-09-30 | 33.29% | 5761 -1069 | -15.65% | 72.90万 | 2.35万 | 证券之星消息，近日鼎际得披露，截至2025年6月30日公司股东户数为6653.0户，较3月31日增加1704.0 户，增幅为34. ...

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]

智通财经APP讯，鼎际得(603255.SH)披露2025年半年度报告，报告期公司实现营收4.38亿元，同比增长 19.03%;归母净利润423万元，同比下降20.52%;扣非净利润296万元，同比下降31.06%;基本每股收益0.03 元。 ...

证券日报网讯 8月26日晚间，鼎际得发布公告称，公司第三届监事会第九次会议审议通过了《关于公司 2025年半年度报告及摘要的议案》等。 （文章来源：证券日报） ...

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》 ...