中盐安徽红四方肥业股份有限公司2025 年半年度报告 公司代码：603395 公司简称：红四方 中盐安徽红四方肥业股份有限公司 2025 年半年度报告 1 / 208 中盐安徽红四方肥业股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人陈勇、主管会计工作负责人董志峰及会计机构负责人（会计主管人员）姚志刚 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 本报告期，公司不进行利润分配及资本公积转增股本。 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细描述可能存在的相关风险，敬请查阅本报告"第三节管理层讨论与分 析五、其他披露事项（一）可能面对的风险"相关内容。 六、 前瞻性陈述的风险声明 √ ...

中盐安徽红四方肥业股份有限公司 第一条 为维护公司、职工、股东和债权人的合法权益，规范公 司的组织和行为，完善中国特色现代企业制度，弘扬企业家精神， 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华 人民共和国证券法》（以下简称《证券法》）和其他有关规定，制 定本章程。 第二条 公司系依照《中华人民共和国公司法》和其他有关规定 成立的股份有限公司（以下简称公司）。公司通过发起设立方式设 立；在合肥市市场监督管理局注册登记，取得营业执照，统一社会 信用代码 91340100592683713A。 第三条 公司于 2024 年 2 月 2 日经中国证券监督管理委员会同 意注册，首次向社会公众发行人民币普通股 5,000 万股，于 2024 年 11 月 26 日在上海证券交易所上市。 第四条 公司注册名称：中盐安徽红四方肥业股份有限公司，英 文全称：CNSIG ANHUI HONGSIFANG FERTILIZER CO.,LTD。 第五条 公司住所：安徽省合肥市循环经济示范园宏图大道北 侧，邮政编码：231602。 章 程 二〇二五年八月 | | | 第一章 总则 第六条 公司注册资本为人民币 26, ...

红四方公告，2025年上半年营业收入18.14亿元，同比减少8.18%。净利润4396.65万元，同比减少 47.10%。本报告期，公司不进行利润分配及资本公积转增股本。 ...

Group 1 - The domestic futures market for soda ash is experiencing a strong upward trend, with the main contract opening at 1328.00 CNY/ton and reaching a high of 1354.00 CNY, reflecting an increase of approximately 1.90% [1] - The supply of soda ash is decreasing due to some production facilities operating at reduced capacity, leading to increased inventory pressure [1] - Short-term expectations indicate that soda ash prices will remain volatile, while medium to long-term projections suggest a gradual increase in price levels due to supply-side constraints and market sentiment [1] Group 2 - The float glass industry is maintaining stable operations, with a slight increase in inventory, while downstream demand remains steady, primarily driven by essential needs [2] - Recent data shows a week-on-week increase in soda ash production by 10,100 tons, mainly from the light soda segment, which is significantly higher than historical levels [2] - The overall market sentiment indicates a continued trend of inventory accumulation, with a week-on-week increase of 17,000 tons, although the pace of accumulation is slowing down [2]

Group 1 - The core viewpoint of the news highlights the trading performance and financial metrics of Hong Sifang, indicating a mixed response in the market with a slight increase in stock price and notable financing activities [1][2] - On August 22, Hong Sifang's stock rose by 2.91% with a trading volume of 586 million yuan, while the net financing buy was negative at 272.45 million yuan [1] - As of August 22, the total margin balance for Hong Sifang was 123 million yuan, representing 6.12% of its market capitalization [1] Group 2 - As of March 31, the number of shareholders for Hong Sifang decreased by 15.93% to 34,900, while the average circulating shares per person increased by 18.95% to 1,156 shares [2] - For the first quarter of 2025, Hong Sifang reported a revenue of 919 million yuan, reflecting a year-on-year growth of 20.10%, while the net profit attributable to shareholders decreased by 1.62% to 21.13 million yuan [2] - Since its A-share listing, Hong Sifang has distributed a total of 30 million yuan in dividends [2]

Group 1 - The stock of Hong Sifang (603395) increased by 2.91% with a turnover rate of 29.63% and a trading volume of 586 million yuan, showing a fluctuation of 7.89% [2] - The stock was listed on the Shanghai Stock Exchange due to its high turnover rate, with a net selling amount of 2.24 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction of 127 million yuan, with a buying amount of 62.32 million yuan and a selling amount of 64.57 million yuan, resulting in a net selling of 2.24 million yuan [2] Group 2 - The main buying brokerage was Guotai Junan Securities with a purchase amount of 25.28 million yuan, while the largest selling brokerage was UBS Securities with a selling amount of 23.95 million yuan [3] - The stock experienced a net inflow of 22.95 million yuan from main funds, including a net inflow of 10.38 million yuan from large orders and 12.57 million yuan from major funds over the day [2] - Over the past five days, the main funds have seen a net inflow of 60.89 million yuan [2] Group 3 - As of August 21, the margin trading balance for the stock was 12.6 million yuan, with a financing balance of 12.6 million yuan and a securities lending balance of 105,700 yuan [3] - In the last five days, the financing balance decreased by 1.29 million yuan, a decline of 1.01%, while the securities lending balance decreased by 136,000 yuan, a decline of 56.27% [3] - The company's Q1 report indicated a revenue of 919 million yuan, a year-on-year increase of 20.10%, and a net profit of 21.13 million yuan, a year-on-year decrease of 1.62% [3]

（原标题：红四方龙虎榜：营业部净卖出414.28万元） 红四方(603395)今日上涨6.36%，全天换手率29.13%，成交额5.59亿元，振幅10.20%。龙虎榜数据显示，营业部席位合计净卖出414.28万元。 上交所公开信息显示，当日该股因日换手率达29.13%上榜，营业部席位合计净卖出414.28万元。 证券时报•数据宝统计显示，上榜的前五大买卖营业部合计成交1.29亿元，其中，买入成交额为6265.57万元，卖出成交额为6679.85万元，合计净 卖出414.28万元。 具体来看，今日上榜营业部中，第一大买入营业部为瑞银证券有限责任公司上海花园石桥路证券营业部，买入金额为2153.59万元，第一大卖出营 业部为国泰海通证券股份有限公司总部，卖出金额为2073.02万元。 | 买/卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 瑞银证券有限责任公司上海花园石桥路证券营业部 | 2153.59 | | | 买二 | 国泰海通证券股份有限公司总部 | 1719.33 | | | 买三 | 高盛(中国)证券有限责任公司 ...

Group 1: Market Performance - The agricultural chemical sector rose by 1.36% on August 21, with Meibang Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3771.1, up 0.13%, while the Shenzhen Component Index closed at 11919.76, down 0.06% [1] Group 2: Individual Stock Performance - Meibang Co., Ltd. (code: 605033) closed at 23.77, with a 10.00% increase and a trading volume of 122,900 shares, amounting to a transaction value of 283 million [1] - Hong Sifang (code: 603395) closed at 36.46, up 6.36%, with a trading volume of 156,100 shares [1] - New Yangfeng (code: 000902) closed at 15.21, up 6.29%, with a trading volume of 684,200 shares, totaling 1.035 billion [1] - Other notable performers include Stanley (code: 002588) with a 5.40% increase and Yangnong Chemical (code: 600486) with a 5.33% increase [1] Group 3: Fund Flow Analysis - The agricultural chemical sector experienced a net outflow of 10.82 million from institutional investors, while retail investors saw a net outflow of 60.06 million [2] - The sector attracted a net inflow of 70.88 million from speculative funds [2] Group 4: Detailed Fund Flow for Selected Stocks - Limin Co., Ltd. (code: 002734) had a net inflow of 1.29 billion from institutional investors, but a net outflow of 1.34 billion from retail investors [3] - Yun Tianhua (code: 600096) saw a net inflow of 99.11 million from institutional investors, with a net outflow of 1.17 billion from retail investors [3] - Meibang Co., Ltd. (code: 605033) had a net inflow of 69.47 million from institutional investors, but a significant net outflow from both speculative and retail investors [3]

Market Performance - The agricultural chemical sector increased by 0.36% on August 4, with Bai'ao Chemical leading the gains [1] - The Shanghai Composite Index closed at 3583.31, up 0.66%, while the Shenzhen Component Index closed at 11041.56, up 0.46% [1] Top Gainers in Agricultural Chemicals - Bai'ao Chemical (603360) closed at 21.09, up 5.24% with a trading volume of 217,900 shares and a turnover of 457 million [1] - Limin Co., Ltd. (002734) closed at 21.27, up 4.93% with a trading volume of 578,200 shares and a turnover of 1.204 billion [1] - Other notable gainers include ST Huifeng (002496) at 1.70 (+2.41%), Guomi Co., Ltd. (002749) at 15.51 (+2.38%), and Stanley (002588) at 9.17 (+2.34%) [1] Top Losers in Agricultural Chemicals - Yab Chemical (300261) closed at 8.42, down 2.66% with a trading volume of 758,800 shares and a turnover of 631 million [2] - Hongtaiyang (000525) closed at 7.03, down 1.68% with a trading volume of 269,200 shares and a turnover of 189 million [2] - Other notable losers include Hualu Hengsheng (600426) at 23.48 (-1.51%) and Xin'an Chemical (600596) at 9.87 (-1.30%) [2] Capital Flow Analysis - The agricultural chemical sector saw a net inflow of 37.9765 million from institutional investors, while retail investors experienced a net outflow of 4.3928 million [2] - Limin Co., Ltd. (002734) had a significant net inflow of 98.972 million from institutional investors, but a net outflow of 78.3473 million from retail investors [3] - Bai'ao Chemical (603360) also experienced a net inflow of 58.5788 million from institutional investors, with a net outflow of 12.7147 million from retail investors [3]

Summary of the Earnings Call Company Overview - The company is known as Hong Sifang, which has five wholly-owned or controlled subsidiaries and a national production base layout across Anhui, Hunan, Hubei, and Jilin [2][3] - The company has an annual production capacity of 300,000 tons of urea, 2.5 million tons of various compound fertilizers, 50,000 tons of water-soluble fertilizers, and 50,000 tons of potassium sulfate [2] Financial Performance - In 2024, the company achieved a revenue of 3.485 billion yuan, a decrease of 10.62% compared to the previous year [7] - The net profit attributable to shareholders was 93 million yuan, down 41.16% year-on-year, primarily due to market price impacts on the company's fertilizer products [7] - Earnings per share were 0.6 yuan, a decline of 43.4% year-on-year [7] - Total assets reached 2.408 billion yuan, with net assets attributable to shareholders growing by 49.28% to 1.38 billion yuan, largely due to the public offering of 50 million A-shares [7] Research and Development - The company has accumulated 102 valid patents, including 19 invention patents, and applied for 42 patents in 2024 [8] - Collaborations with institutions like the Chinese Academy of Agricultural Sciences and the Chinese Academy of Sciences focus on developing new types of fertilizers [3][8] - The company has been involved in multiple national agricultural technology projects and has received various awards for its innovations [3][9] Market Strategy - The company emphasizes brand promotion through a combination of traditional sales, live streaming, and short videos [10] - It aims to enhance market vitality by conducting targeted marketing activities and maintaining a strong brand presence [10] - The company is also focused on integrating production and sales to better meet regional market demands [10] Corporate Governance and Social Responsibility - The company has implemented a comprehensive safety production responsibility system and adheres to environmental compliance [13] - It actively engages in social responsibility initiatives, supporting rural revitalization and maintaining good investor relations through cash dividends [11][17] - The company is committed to enhancing its core competitiveness and promoting sustainable development [12][13] Future Outlook - The company plans to continue focusing on its main business areas, particularly in the production of compound and specialty fertilizers [12] - It aims to strengthen its technological innovation and improve product quality and customer satisfaction [12] - The company is also working on expanding its production capacity and enhancing its market position in high-quality fertilizers [11][12] Conclusion - The earnings call highlighted the company's challenges in the current market environment, particularly regarding pricing pressures on its products, while also showcasing its commitment to innovation, sustainability, and shareholder returns [7][11][17]