重要内容提示： 证券代码：603379 证券简称：三美股份 公告编号：2025-027 浙江三美化工股份有限公司 2024 年度利润分配方案及 2025 年度中期分红规划 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。 2024 年度利润分配比例：每股派发现金红利 0.45 元（含税）。 2024 年度利润分配以实施权益分派股权登记日登记的总股本扣除公司 回购专用证券账户中的股份后的余额为基数，股权登记具体日期将在权益分派实 施公告中明确。在实施权益分派的股权登记日前，若因回购股份变动致使应分配 股数发生变化的，公司拟维持每股分配比例不变，相应调整分配总额，并将另行 公告具体调整情况。 2025 年度中期分红规划：授权董事会在满足相关现金分红条件的前提 下，综合考虑公司的盈利状况、经营发展、合理回报股东等情况，制定并实施具 体的 2025 年度中期（半年度、前三季度）分红方案，预计派发现金红利金额不 超过公司当期实现的归属于上市公司股东的净利润的 20%。 公司最近三个会计年度累计现金分红情况不触及《上海证券交易所股票 上市规 ...

浙江三美化工股份有限公司 2024 年度财务决算报告 浙江三美化工股份有限公司（以下简称"三美股份"或"公司"）2024 年度财务 报表已经立信会计师事务所（特殊普通合伙）审计，并出具了标准无保留意见的 审计报告，认为：公司财务报表在所有重大方面按照企业会计准则的规定编制， 公允反映了三美股份 2024 年 12 月 31 日的合并及母公司财务状况以及 2024 年度 的合并及母公司经营成果和现金流量。公司 2024 年度财务决算情况如下： 一、合并报表范围 截至 2024 年 12 月 31 日止，本公司合并财务报表范围内子公司及孙公司如 下： | 序号 | 子（孙）公司名称 | | --- | --- | | 1 | 江苏三美化工有限公司 | | 2 | 重庆信辰实业有限公司 | | 3 | 上海氟络国际贸易有限公司 | | 4 | 福建省清流县东莹化工有限公司 | | 5 | 浙江三美制冷配件有限公司 | | 6 | 广东氟润化工有限公司 | | 7 | 浙江三美化学品销售有限公司 | | | SANMEI NEW MATERIALS (THAILAND) CO.,LTD.（三美新材料（泰 | | 8 ...

三美股份（603379）公告，2024年营业收入40.4亿元，同比增长21.17%。归属于上市公司股东的净利润 7.79亿元，同比增长178.40%。向全体股东每10股派发现金红利4.5元(含税)。 ...

Group 1 - The fluorochemical index decreased by 6.06% this week, underperforming the Shanghai Composite Index by 2.95% [1][2] - The fluorochemical index closed at 3570.93 points, increasing by 6.61% during the week, outperforming the Shanghai Composite Index by 6.05%, the CSI 300 Index by 6.23%, the basic chemical index by 3.28%, and the new materials index by 5.17% [1][2] Group 2 - Global demand for air conditioning is surging, leading to further increases in refrigerant prices [3] - In South Korea, Samsung Electronics' air conditioner sales in Q1 2025 increased by 51% year-on-year, while LG Electronics saw a 60% increase [3] - India's air conditioning market is expected to grow by 20% to 25% in 2025, with projected sales of 15 to 16 million units [3] - Major Chinese refrigerant manufacturers have raised prices by 500 to 2500 yuan/ton for various refrigerant models, with R32 and R134a increasing by 5.21% and 4.35% respectively [3][4] Group 3 - As of April 25, the average market price for fluorite was 3,698 yuan/ton, down 0.48% from the previous week, but up 7.21% year-on-year [4] - Refrigerant prices as of April 25 include R32 at 48,500 yuan/ton (up 1.04%), R125 at 45,000 yuan/ton (unchanged), and R134a at 47,000 yuan/ton (up 1.08%) [5] Group 4 - Recommended stocks benefiting from the fluorochemical industry include Jinshi Resources, Juhua Co., Sanmei Co., and Haohua Technology [6] - Other beneficiaries include Dongyangguang, Yonghe Co., Dongyue Group, and Xinzhoubang [6]

Investment Rating - The report maintains a "Buy" rating for specific companies in the chemical industry, particularly in the compound fertilizer and pesticide sectors, while recommending "Hold" for others [17]. Core Insights - The chemical industry is experiencing an optimization in supply and demand dynamics, leading to a recovery in the compound fertilizer, metal chromium, and niche pesticide markets. The report highlights investment opportunities in undervalued high-growth companies [3][4]. - The report emphasizes the positive performance of listed companies in Q1 2025, particularly in the compound fertilizer sector, and suggests focusing on companies like Xin Yang Feng, Stanley, and Yun Tu Holdings for investment opportunities [3][4]. - The report notes that metal chromium prices have surged to 75,000 CNY/ton, a week-on-week increase of 7,500 CNY/ton, driven by rising demand from the stainless steel sector and new military spending in Europe [3][4]. - The agricultural chemical market is entering its traditional peak season, with stable trading volumes for seasonal crop pesticides. Specific products like Acetochlor and Avermectin are seeing price increases, with recommendations for companies like Xian Da and Li Min [3][4]. Summary by Sections Industry Dynamics - Current macroeconomic conditions in the chemical sector indicate a stabilization in oil prices due to geopolitical factors and OPEC+ production increases, while coal prices are expected to decline in the medium term [4][6]. - The chemical industry PPI data shows a gradual recovery from negative values, with March 2025 PPI at -2.8% year-on-year, indicating a potential bottoming out of the cycle [6][8]. Fertilizer and Pesticide Sector - The report highlights that the domestic urea price is currently at 1,800 CNY/ton, with a slight week-on-week decline of 0.6%. The compound fertilizer sector is experiencing a decrease in operating rates, leading to increased inventory levels [10]. - The pesticide market is witnessing a seasonal peak, with stable trading volumes and price adjustments in various pesticide products, including a price increase for Pyrazole [10][19]. Chemical Products Pricing and Inventory Changes - The report provides detailed pricing data for various chemical products, indicating fluctuations in prices for PTA, MEG, and PVC, with specific attention to the impact of raw material costs and market demand [10][11][12]. - The report notes that the market for fluorinated chemicals is facing supply constraints due to mining restrictions, while the demand remains weak, leading to price adjustments [12][19]. Company Recommendations - The report recommends several companies for investment based on their growth potential and market positioning, including Yangnong Chemical, Runfeng Co., and Yun Tianhua in the fertilizer and pesticide sectors [17][18]. - Companies in the tire and fluorochemical sectors are also highlighted for their potential benefits from recovering domestic demand and cost reductions [3][17].

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，分别审议通过《关于使用闲置募集资金进行现金管理的议案》，同 意公司在确保募投项目所需资金和保证募集资金安全的前提下，使用闲置募集资 金进行现金管理，授权期限内单日最高余额不超过 1.90 亿元，授权期限自该次 董事会审议通过之日起 12 个月。具体内容详见公司 2025 年 3 月 25 日披露于上 海证券交易所网站（www.sse.com.cn）的《浙江三美化工股份有限公司关于使用 闲置募集资金进行现金管理的公告》(公告编号：2025-017)。 证券代码：603379 证券简称：三美股份 公告编号：2025-021 浙江三美化工股份有限公司 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 2024 年 3 月 24 日召开 第六届董事会第十次会议和第六届监事会第九次会议，分别审议通过《关于使用 闲置募集资金进行现金管理的议案》， ...

Investment Rating - The report maintains a positive outlook on the refrigerant industry, indicating a high level of industry prosperity and suggesting that related companies are likely to see significant profit increases [6][73]. Core Insights - In March 2025, refrigerant prices continued to rise, with R32, R125, and R134a prices reaching 47,000 CNY/ton, 45,000 CNY/ton, and 46,500 CNY/ton respectively, marking increases of 5.62%, 2.27%, and 3.33% compared to the end of February [6][14]. - The production of household air conditioners is expected to maintain a year-on-year growth trend, with production volumes projected at 24 million units in April, 23.9 million in May, and 21.3 million in June, reflecting year-on-year growth rates of 9.10%, 13.00%, and 15.90% respectively [6][38]. - The long-term contract prices for refrigerants R32 and R410a have significantly increased, with R32 rising to 46,600 CNY/ton and R410a to 47,600 CNY/ton, both reflecting increases of 6,000 CNY/ton from the first quarter [6][68]. Summary by Sections Refrigerant Tracking - As of March 31, 2025, the prices of R32, R125, and R134a were reported at 47,000 CNY/ton, 45,000 CNY/ton, and 46,500 CNY/ton, respectively, with significant month-on-month increases [6][14]. - The production of R32, R134a, and R125 in March 2025 saw a month-on-month increase of 38.09%, 46.39%, and 33.88% respectively, while R134a experienced a year-on-year decline of 12.10% [6][15]. - The total inventory of R32, R134a, and R125 increased by 10.34%, 15.86%, and 12.34% respectively as of March 28, 2025 [6][18]. Investment Recommendations - The report suggests focusing on leading companies in the refrigerant industry, such as Juhua Co., Ltd. and Sanmei Co., Ltd., as well as companies with a complete industrial chain like Jinshi Resources [6][73].

Investment Rating - The report maintains a positive outlook on the refrigerant industry, indicating a high level of industry prosperity and suggesting that related companies are likely to see significant profit increases [6][72]. Core Insights - In March 2025, refrigerant prices continued to rise, with R32, R125, and R134a prices reaching 47,000 CNY/ton, 45,000 CNY/ton, and 46,500 CNY/ton respectively, marking increases of 5.62%, 2.27%, and 3.33% compared to the end of February [6][14]. - The production of household air conditioners is expected to maintain a year-on-year growth trend, with production volumes projected at 24 million units in April, 23.9 million in May, and 21.3 million in June, reflecting year-on-year growth rates of 9.10%, 13.00%, and 15.90% respectively [6][38]. - The long-term contract prices for refrigerants R32 and R410a have significantly increased, with R32 rising to 46,600 CNY/ton and R410a to 47,600 CNY/ton, both reflecting increases of 6,000 CNY/ton from the first quarter [6][68]. Refrigerant Tracking - The production of R32, R134a, and R125 in March 2025 saw significant month-on-month increases, with R32 production up 38.09% and R134a up 46.39% [15]. - The total inventory of R32, R134a, and R125 has shown a month-on-month increase, indicating a recovery in supply levels [18]. Investment Recommendations - The report suggests focusing on leading companies in the refrigerant industry, such as Juhua Co. and Sanmei Co., which are expected to benefit from the ongoing high demand and rising prices [6][72].

Investment Rating - The report indicates a positive outlook for bromine prices and suggests attention to companies like Juhua Co., Sanmei Co., and Yonghe Co. in the refrigerant sector [5][23]. Core Insights - Bromine prices continue to rise significantly due to supply constraints, with a reported average market price of 38,000 RMB/ton, reflecting a week-on-week increase of 4,615 RMB/ton or 13.82% [3][11]. - The refrigerant sector is entering a peak demand season, with major refrigerant prices and margins showing an upward trend, particularly for R125 and R32 [4][28]. - The demand for ultra-high molecular weight polyethylene (UHMWPE) is steadily growing in military and technological applications, indicating potential for increased industry prosperity [5]. Summary by Sections 1. Key Chemical Product Price Tracking - Bromine, PVDF powder, and other products have seen significant price increases, while products like butadiene and PX have experienced notable declines [11][12]. 2. Polyurethane: MDI and TDI Price Declines - MDI prices have dropped significantly due to trade tensions and weak demand, with current prices for polymer MDI at 14,850 RMB/ton, down 1,100 RMB/ton from the previous week [13]. 3. Agricultural Chemicals: Slight Increase in Diammonium Phosphate Prices - Diammonium phosphate prices have seen a minor increase, supported by rising raw material costs, while glyphosate prices remain stable [15][17]. 4. Fluorochemical Industry: Stable Refrigerant Prices - Refrigerant prices have remained stable, with R22 and R134a prices holding steady at 36,000 RMB/ton and 46,500 RMB/ton respectively, while PVDF prices have shown an upward trend [23][29].

基础化工行业 | 司 点 评 买入（维持） 2025 年 4 月 14 日 | 公 | 基础化工行业 年一季度业绩预告点评 一季度制冷剂价格继续上涨，公司业绩大幅预增 | 三美股份（603379）2025 投资要点： | | --- | --- | --- | --- | | 分析师：卢立亭 |  | 公司发布2025年一季度业绩预告，预计公司2025年一季度实现归属于上 | | | SAC 执业证书编号： | | 市公司股东的净利润为36,938.69万元到42,848.89万元，同比增长 | | | S0340518040001 | | 139.41%到177.71%；实现归属于上市公司股东的扣除非经常性损益的净 | | | 电话：0769-22177163 | | 利润为36,467.63万元到42,377.83万元，同比增长136.29%到174.58%。 | | | 公 邮箱： | | | | | 司 luliting@dgzq.com.cn |  | 制冷剂产品2025Q1继续涨价，公司业绩同比大幅预增。2025年，第二代 | | | 研 | | 氟制冷剂（HCFCs）生产配额进一步削减，第三 ...