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 ...

Investment Rating - The investment rating for the chemical raw materials industry is "Positive" (maintained) [1] Core Viewpoints - The refrigerant market is experiencing an upward trend, supported by a well-defined business model and ongoing validation of industry logic [4] - The fluorochemical industry is entering a long-term prosperity cycle, with significant growth potential across the entire supply chain, from raw materials like fluorite to high-end fluorinated materials and fine chemicals [20] Summary by Sections 1. Fluorochemical Market Overview - The fluorite market is under pressure, with the average market price for 97% wet fluorite at 3,387 CNY/ton as of June 6, down 3.09% week-on-week and 9.85% year-on-year [6][17] - The market is characterized by weak demand and a surplus of supply, leading to a negative feedback loop that suppresses immediate purchasing needs [17][32] 2. Refrigerant Market Trends - As of June 20, refrigerant prices are on an upward trend: R32 at 52,000 CNY/ton (+0.97% week-on-week), R125 at 45,500 CNY/ton (unchanged), R134a at 48,500 CNY/ton (unchanged), R410a at 48,500 CNY/ton (unchanged), and R22 at 35,000 CNY/ton (-2.78%) [7][18][45] - The external trade market for refrigerants shows stability, with R32 external reference price at 51,000 CNY/ton (unchanged) and R22 at 32,000 CNY/ton (unchanged) [7][18] 3. Beneficiary Companies - Recommended beneficiary companies include Jinshi Resources, Juhua Co., Sanmei Co., and Haohua Technology, with other beneficiaries being Dongyangguang, Yonghe Co., Dongyue Group, and Xinzhou Bang [9][20]

Industry Overview - The third-generation refrigerant market is experiencing a strong price increase due to multiple factors, including tightening global environmental regulations, increased demand for eco-friendly refrigerants, and production quota restrictions leading to supply constraints [1] - The arrival of summer has further boosted the demand for refrigerants due to increased usage of air conditioning and refrigeration equipment, contributing to the price surge [1] - The refrigerant industry is currently in a price upcycle for second and third-generation refrigerants, with expectations of continued growth in the downstream air conditioning and automotive sectors [1] Company Insights - Juhua Co., Ltd. focuses on the fluorochemical industry chain, holding a leading global position in the refrigerant sector while also expanding into high-value-added products such as fluoropolymers and electronic chemicals [2] - Sanmei Co., Ltd. is also concentrated on the fluorochemical industry chain, leading in the refrigerant field and diversifying into fluorinated blowing agents, inorganic fluorine products, and fluorine-containing new materials [2]

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 ...

Investment Rating - The report maintains a positive outlook on the refrigerant industry, indicating a high level of prosperity and suggesting that related companies are likely to see significant improvements in profitability [8][66]. Core Insights - The prices of third-generation refrigerants R32, R125, and R134a have increased as of May 30, 2025, with respective prices of 51,000 CNY/ton, 45,500 CNY/ton, and 48,500 CNY/ton, reflecting increases of 4.08%, 1.11%, and 2.11% compared to the end of April [8][15]. - The production quotas for second-generation refrigerants are set to decrease in 2025, while the total production quota for third-generation refrigerants will remain at baseline levels, leading to a tightening supply-demand relationship for both generations [8][66]. - The domestic production of household air conditioners is expected to maintain a year-on-year growth trend from June to August 2025, with production volumes of 20.5 million units, 17.13 million units, and 12.09 million units, representing year-on-year growth rates of 11.50%, 6.30%, and 2.70% respectively [8][39]. Summary by Sections Refrigerant Tracking - As of May 30, 2025, the total inventory of R32, R134a, and R125 refrigerants was 4,042 tons, 3,380 tons, and 2,623 tons respectively, with slight fluctuations in inventory levels [8][21]. - The production of R22 in May 2025 was 32,082 tons, showing a year-on-year decrease of 15.19% but a month-on-month increase of 9.94% [8][28]. Fluoropolymer - The prices of fluoropolymers have shown fluctuations, with PTFE, PVDF, and HFP prices recorded at 41,000 CNY/ton, 62,000 CNY/ton, and 37,000 CNY/ton respectively as of May 30, 2025 [8][49]. - The production of PTFE, PVDF, and HFP in May 2025 was 12,946 tons, 10,538 tons, and 7,371 tons respectively, with year-on-year increases of 28.13%, 30.42%, and 34.02% [8][56]. Industry News - A new technology for the resource conversion of trifluoromethane has been developed, achieving international leading standards and promising significant reductions in greenhouse gas emissions [8][59]. - Juhua Co., Ltd. has been actively increasing its shareholding, reflecting confidence in future performance and growth [8][60].

Investment Rating - The report maintains a positive outlook on the refrigerant industry, indicating a high level of prosperity and suggesting that related companies are likely to see significant improvements in profitability [8][66]. Core Insights - The prices of third-generation refrigerants R32, R125, and R134a have increased as of May 30, 2025, with respective prices of 51,000 CNY/ton, 45,500 CNY/ton, and 48,500 CNY/ton, reflecting increases of 4.08%, 1.11%, and 2.11% compared to the end of April [8][15]. - The production quotas for second-generation refrigerants are set to decrease in 2025, while the total production quota for third-generation refrigerants will remain at baseline levels, leading to a tightening supply-demand relationship for both generations [8][66]. - The domestic production of household air conditioners is expected to maintain a year-on-year growth trend from June to August 2025, with production volumes of 20.5 million units, 17.13 million units, and 12.09 million units, representing year-on-year growth rates of 11.50%, 6.30%, and 2.70% respectively [8][39]. Summary by Sections Refrigerant Tracking - As of May 30, 2025, the total inventory of R32, R134a, and R125 refrigerants was 4,042 tons, 3,380 tons, and 2,623 tons respectively, showing a mixed change compared to the previous month [8][21]. - The production of R22 in May 2025 was 32,082 tons, a year-on-year decrease of 15.19% but a month-on-month increase of 9.94% [8][28]. Fluoropolymer - The prices of fluoropolymers have shown fluctuations, with PTFE, PVDF, and HFP prices recorded at 41,000 CNY/ton, 62,000 CNY/ton, and 37,000 CNY/ton respectively as of May 30, 2025 [8][49]. - The production of PTFE, PVDF, and HFP in May 2025 was 12,946 tons, 10,538 tons, and 7,371 tons respectively, with year-on-year increases of 28.13%, 30.42%, and 34.02% [8][56]. Industry News - A new technology for the resource conversion of trifluoromethane has been developed, achieving international leading levels and promising significant reductions in greenhouse gas emissions [8][59]. - Juhua Co., Ltd. has been actively increasing its shareholding, reflecting confidence in its future performance [8][60][61]. Investment Recommendations - The report suggests focusing on leading companies in the refrigerant industry and those with well-established supply chains in the fluorochemical sector, such as Juhua Co., Ltd., Sanmei Co., and Jinshi Resources [8][66].