Summary - The core point of the article is that the controlling shareholder of Sanmei Co., Ltd. plans to reduce their stake in the company by up to 0.9312% through trading methods [1] Group 1 - The controlling shareholder and actual controller, Hu Rongda, intends to reduce their holdings by a maximum of 5,684,819 shares [1] - This reduction represents approximately 0.9312% of the company's total share capital [1]

Core Viewpoint - Sanmei Co., Ltd. has postponed its significant investment project in electrolyte production, originally set for completion in June 2027, despite achieving impressive financial results in Q1 2025, indicating a strategic reevaluation in response to market challenges [1][4]. Company Summary - Sanmei Co., Ltd. has been transitioning from traditional fluorochemical products to the lithium battery materials sector since 2020, leveraging its upstream raw material advantages [2]. - The company has invested in multiple lithium battery projects, including a 6.2 billion yuan investment in a dual-fluorosulfonyl lithium project and a 2.3 billion yuan investment in a 6000-ton lithium hexafluorophosphate project [2]. Industry Summary - The electrolyte market is facing significant challenges, including a fundamental shift in supply and demand dynamics due to cost control pressures from downstream lithium battery and electric vehicle sectors [1]. - The lithium hexafluorophosphate industry is experiencing a downturn characterized by slowing demand growth, overcapacity, and declining prices, with prices dropping from nearly 600,000 yuan per ton in 2022 to below 100,000 yuan per ton in 2024 [3]. - The industry is also grappling with technological risks as advancements in battery technology, such as solid-state batteries, threaten the relevance of traditional liquid electrolytes [3][5].

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。 浙江三美化工股份有限公司（以下简称"公司"）于 2025 年 3 月 24 日召开 第六届董事会第十八次会议和第六届监事会第十六次会议，并于 2025 年 5 月 20 日召开 2024 年年度股东大会，审议通过了《关于<浙江三美化工股份有限公司 2025 年员工持股计划（草案修订稿）>及其摘要的议案》等相关议案，同意公司 实施 2025 年员工持股计划（以下简称"本员工持股计划"）。具体内容详见公司 于 2025 年 3 月 25 日、2025 年 5 月 21 日在上海证券交易所网站（www.sse.com.cn） 披露的相关公告。 根据中国证监会《关于上市公司实施员工持股计划试点的指导意见》及《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》等相关要求，现将本 员工持股计划的实施进展情况公告如下： 根据参与对象实际认购和最终缴款的审验结果，本员工持股计划最终实际参 与认购的参与人共计 412 名，最终认购的股数为 3,723,100 股，缴纳认购资金总 额为 7 ...

证券代码：603379 证券简称：三美股份 公告编号：2025-044 单位：万元 | 受托方 | 产品名称 | 认购金额 | 预期年化 收益率 | 起息日 | 到期日 | 赎回本金 | 收益金额 | | --- | --- | --- | --- | --- | --- | --- | --- | | 建行武义 溪南支行 | 单位定期 存款 | 2,800.00 | 1.15% | 2025/3/25 | 2025/6/25 | 2,800.00 | 8.12 | | 建行武义 西溪支行 | 单位定期 存款 | 6,600.00 | 1.15% | 2025/3/25 | 2025/6/25 | 6,600.00 | 19.13 | | 合计 | | 9,400.00 | / | / | / | 9,400.00 | 27.25 | 特此公告 关于使用部分闲置募集资金进行现金管理 到期赎回的公告 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。 浙江三美化工股份有限公司（以下简称"公司"）于 2025 年 3 月 24 日召开 ...

Investment Project Overview - The company plans to invest approximately 1.072 billion RMB in a project to construct a 62,000 tons/year electrolyte and its supporting facilities through its wholly-owned subsidiary, Fujian Dongying [1] - The project aims to enhance the company's ability to withstand cyclical fluctuations, cultivate new performance growth points, and improve self-supply capacity of raw materials to reduce production costs [1] Project Progress and Delay Reasons - The project has not yet commenced substantial construction, and the completion deadline has been postponed to June 2027 due to changes in market demand and supply structure, as well as limited profitability in the lithium hexafluorophosphate industry [2] - The company is closely monitoring the production progress of its existing projects, which affects the construction pace of the new project [2] - The decision to delay is based on prudent investment considerations and the need to align fixed asset investments with production demands [2] Board Approval and Compliance - The board of directors approved the extension of the project completion deadline with a unanimous vote, and the matter does not require shareholder meeting approval as it does not constitute a related party transaction or a major asset restructuring [3] Impact of Project Delay - The delay is a cautious decision aligned with industry conditions and company strategy, and it is not expected to have a significant adverse impact on the company's financial status or operational results [3] Risk Analysis - The project faces potential risks related to regulatory approvals, market fluctuations, and technological uncertainties, which could lead to further delays or adjustments in the construction plan [4] - Environmental compliance costs may increase due to stricter regulations, potentially affecting the project's profitability [4]

证券代码：603379 证券简称：三美股份 公告编号：2025-042 浙江三美化工股份有限公司 关于全资子公司对外投资项目的进展公告 一、投资项目概述 公司于 2023 年 6 月 16 日召开第六届董事会第五次会议，审议通过了《关于 全资子公司对外投资项目的议案》。为提升公司抗周期性波动风险的能力，培育 新的业绩增长点，同时提升原材料自给供应能力，降低生产成本，根据国家产业 发展政策、市场需求和公司战略发展规划，福建东莹拟投资约 10.72 亿元人民币 （最终以主管部门备案金额为准）建设"6.2 万吨/年电解质及其配套工程项目"， 资金来源为自有资金或其他自筹资金。 二、投资项目进展情况 （一）项目延缓原因 1、自本项目启动以来，电解质行业市场环境发生较大变化。随着下游锂电 池、新能源汽车等终端成本控制诉求提升、电解液市场供需结构转变，六氟磷酸 锂行业处于需求增速放缓、产能过剩、价格低迷状态，产品盈利空间有限。 2、本项目是公司基于电解质市场需求预测情况而进行的产能储备，实施进 度与在建募投项目（福建东莹 6,000 吨/年六氟磷酸锂及 100 吨/年高纯五氟化磷 项目）的投产情况紧密相关。受行业竞争加剧 ...

方正证券表示，制冷剂是氟化工行业中规模最大、应用最广泛的细分领域之一。《蒙特利尔议定书》推 动了制冷剂的代际更迭，当前制冷剂行业处于二代制冷剂加速削减、三代制冷剂配额冻结、四代制冷剂 专利保护期，供给强约束叠加行业格局集中背景下，二、三代制冷剂正处于价格上行周期，下游空调和 汽车行业有望保持增长趋势，三代制冷剂有望量价齐升。随着新能源、电子等新兴产业的发展，其市场 规模不断扩大。相关行业分析师表示，随着天气升温，制冷剂维修端需求逐步旺盛，真实动销提振渠道 价格信心。 据上证报报道，近期，第三代制冷剂市场迎来强劲涨价周期。这一价格上涨趋势并非偶然，而是受到多 重因素的共同影响。首先，全球环保法规的日益收紧，促使市场对环保型制冷剂的需求增加。其次，制 冷剂的生产受到配额限制，导致市场供给相对紧张。 此外，夏季来临，空调等制冷设备的需求增加，也进一步推高了制冷剂的价格。这些因素共同推动了制 冷剂行业的景气度，也为相关上市公司的业绩增长提供了强劲动力。 巨化股份：聚焦于氟化工产业链，尤其在制冷剂领域占据全球领先地位，同时布局含氟聚合物、电子化 学品等高附加值产品。 三美股份：聚焦于氟化工产业链，尤其在制冷剂领域占据领 ...

Group 1 - The third-generation refrigerant market is experiencing a strong price increase due to the combined effects of upstream raw material costs, industry capacity reduction, and growing downstream demand [1][3] - The main third-generation refrigerants are hydrofluorocarbons (HFCs) such as R32 and R134a, which are more environmentally friendly alternatives compared to second-generation refrigerants [1][2] - R32 and R134a prices have seen significant increases, with R32 rising by 21% to a price range of 52,000 to 53,000 yuan per ton, and R134a increasing by 18% to a range of 48,000 to 49,000 yuan per ton [1][2] Group 2 - Major companies in the third-generation refrigerant sector include Zhejiang Juhua Co., Ltd., Zhejiang Sanmei Chemical Co., Ltd., and others, which have reported substantial profit increases in Q1, with Juhua's net profit up by 160.64% [2] - The refrigerant sector is a significant part of the fluorochemical industry, with high product barriers and added value, and is expected to grow due to the development of new energy and electronic industries [2][3] - The current supply constraints, including the freezing of third-generation refrigerant quotas and the reduction of second-generation refrigerants, are expected to support ongoing price increases [3]

证券代码：603379 证券简称：三美股份 公告编号：2025-041 浙江三美化工股份有限公司 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个别及连带责任。 浙江三美化工股份有限公司（以下简称"公司"）于 2025 年 6 月 16 日以现 场结合通讯方式召开了 2025 年员工持股计划第一次持有人会议。出席会议的持 有人共 412 名，持有员工持股计划份额 76,211,857 份，占本次员工持股计划总份 额的 100.00%。本次会议由公司董事长胡淇翔先生召集和主持，会议的召集、召 开和表决程序符合《浙江三美化工股份有限公司 2025 年员工持股计划》等相关 规定。 经与会持有人审议，本次会议以投票表决的方式审议通过了以下议案： 一、审议通过《关于设立浙江三美化工股份有限公司 2025 年员工持股计划 管理委员会的议案》 公司 2025 年员工持股计划设管理委员会，作为本次员工持股计划的日常管 理与监督机构，对员工持股计划持有人会议负责。管理委员会由 3 名委员组成， 设管理委员会主任 1 人。管理委员会委员的任期与本次员工持股 ...

氟化工行业月报 证券分析师：张晶磊 执业证书编号：S0630524090001 证券分析师：吴骏燕 执业证书编号：S0630517120001 证券分析师：谢建斌 执业证书编号：S0630522020001 联系方式：zjlei@longone.com.cn 2025年6月11日 | | | 一、核心观点 证券研究报告 HTTP://WWW.LONGONE.COM.CN 请务必仔细阅读正文后的所有说明和声明 制冷剂行业延续高景气 二、制冷剂跟踪 三、含氟聚合物 四、行业要闻 五、投资建议 六、风险提示 核心观点 ● 风险提示：制冷剂配额政策变化的风险；原材料价格变化的风险；需求不及预期的风险。 3 ● 2 0 2 5年5月三代制冷剂价格上行，含氟聚合物价格波动。截至2025年5月30日，根据百川盈孚数据，三代制冷剂R32、R125、R134a产品价 格分别为51000元/吨、45500元/吨和48500元/吨，较4月底分别上涨4.08%、1.11%、2.11%。 R22价格为36000元/吨，较上月保持稳定， 较2024年5月30日上涨24.14%；含氟聚合物价格回升后出现波动，截至2025年5月30日，我国 ...