Core Viewpoint - Hong Sifang (603395.SH) reported a decline in both revenue and net profit for Q3 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company's operating revenue for Q3 2025 was 667 million yuan, a year-on-year decrease of 3.38% [1] - The net profit attributable to shareholders was 1.8758 million yuan, reflecting a significant year-on-year decline of 93.47% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.3665 million yuan, down 94.72% year-on-year [1]

Group 1 - The core point of the article is that Hong Sifang (SH 603395) held its third meeting of the fourth board of directors on October 27, 2025, where it reviewed the proposal for the "Total Wage Filing Management Measures" [1] - For the first half of 2025, Hong Sifang's revenue composition was entirely from the chemical industry, accounting for 100.0% [1] - As of the report date, Hong Sifang's market capitalization was 8.9 billion yuan [1]

股票代码：603395 股票简称：红四方 公告编号：2025-047 中盐安徽红四方肥业股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 二、说明会召开的时间、地点 重要内容提示： 会议召开时间：2025 年 11 月 10 日（星期一）14:00-15:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） （一）会议召开时间：2025 年 11 月 10 日（星期一）14:00-15:00 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 3 日（星期一）至 11 月 7 日（星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 （zyahhsffy@chinasalt.com.cn）进行提问。公司将在说明会上对投资者普遍关 注的问题进行回答。 中盐安徽红四方肥业股份有限公司（以下简称"公司"）已于 202 ...

股票代码：603395 股票简称：红四方 公告编号：2025-046 中盐安徽红四方肥业股份有限公司 2025 年前三季度主要经营数据的公告 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。 根据上海证券交易所《上市公司自律监管规则适用指引第 3 号——行业信息 披露》其《第十三号——化工》的要求，中盐安徽红四方肥业股份有限公司（以 下简称"公司"）2025 年前三季度主要经营数据如下： 二、主要产品及原材料的价格变动情况 （一）主要产品的价格变动情况（不含税销售均价） | 主要产品 | 2025年前三季度 | 2024年前三季度销售 | 变动比率 | | --- | --- | --- | --- | | | 销售价（元/吨） | 价（元/吨） | （%） | | 氮肥产品（包括尿素、脲 铵氮肥和农用硫酸铵） | 1,784.62 | 1,966.56 | -9.25 | | 复合肥（含水溶肥） | 2,385.29 | 2,468.06 | -3.35 | | 硫酸钾 | 3,413.23 | 不适用 | 不适用 | （二） ...

中盐安徽红四方肥业股份有限公司（以下简称"公司"）第四届董事会第三 次会议于 2025 年 10 月 27 日在公司会议室以现场结合通讯方式召开，会议通知 已于 2025 年 10 月 22 日通过电子邮件方式送达全体董事。本次会议应出席董事 9 名，实际出席董事 9 名，其中董事许是先生、马友华先生、罗斌先生以通讯方 式出席会议，部分高级管理人员列席了会议。本次会议的召集、召开符合《中华 人民共和国公司法》等法律法规和《公司章程》的有关规定。会议由董事长陈勇 先生主持。 股票代码：603395 股票简称：红四方 公告编号：2025-045 中盐安徽红四方肥业股份有限公司 第四届董事会第三次会议决议公告 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。 一、董事会会议召开情况 二、董事会会议审议情况 各位董事认真讨论和审议了本次会议议案，并对议案进行了投票表决，通过 了以下决议： （一）审议通过《关于公司 2025 年第三季度报告的议案》 该议案已经公司第四届董事会审计委员会 2025 年第三次会议审议通过（表 决结果：同意 3 ...

Financial Performance - The company's operating revenue for the third quarter was ¥666,937,913.33, a decrease of 3.38% compared to the same period last year[4] - The total profit for the third quarter was -¥2,871,767.46, representing a decline of 109.33% year-on-year[4] - The net profit attributable to shareholders for the third quarter was ¥1,875,834.06, down 93.47% from the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,366,540.80, a decrease of 94.72% compared to the same period last year[4] - The basic earnings per share for the third quarter was ¥0.01, a decline of 94.74% year-on-year[5] - The diluted earnings per share for the third quarter was also ¥0.01, reflecting a 94.74% decrease compared to the previous year[5] - Total operating revenue for the first three quarters of 2025 was CNY 2,480,803,265.32, a decrease of 6.9% compared to CNY 2,665,734,815.31 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was CNY 49,583,853.41, a decline of 56.6% compared to CNY 114,473,087.02 in 2024[19] - Operating profit for the first three quarters of 2025 was CNY 52,493,670.15, down 59.2% from CNY 128,700,443.23 in 2024[19] - Total comprehensive income attributable to the parent company was CNY 45,842,339.75 for the first three quarters of 2025, compared to CNY 111,852,181.60 in the same period of 2024, reflecting a significant decrease[20] - Basic and diluted earnings per share were CNY 0.18 for the first three quarters of 2025, down from CNY 0.75 in the same period of 2024[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,463,285,918.61, an increase of 2.30% compared to the end of the previous year[5] - The company's total assets increased to CNY 2,463,285,918.61 in 2025 from CNY 2,407,832,304.35 in 2024, reflecting a growth of 2.3%[16] - Total liabilities rose to CNY 908,144,232.94 in 2025, compared to CNY 874,158,554.63 in 2024, marking an increase of 3.1%[16] - Shareholders' equity totaled CNY 1,555,141,685.67 in 2025, up from CNY 1,533,673,749.72 in 2024, indicating a growth of 1.4%[16] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥27,761,998.98, a decline of 165.22% compared to the previous year[4] - Net cash flow from operating activities was negative CNY 27,761,998.98 for the first three quarters of 2025, compared to positive CNY 42,564,596.87 in the same period of 2024[21] - Cash inflow from operating activities totaled CNY 2,744,129,374.32, an increase from CNY 2,477,350,499.04 in the previous year[21] - Cash outflow from operating activities increased to CNY 2,771,891,373.30, compared to CNY 2,434,785,902.17 in the same period of 2024[21] - Net cash flow from investing activities was negative CNY 37,332,591.60, an improvement from negative CNY 109,784,319.13 in the previous year[21] - Cash inflow from financing activities was CNY 257,000,000.00, down from CNY 320,000,000.00 in the same period of 2024[21] - Cash outflow from financing activities increased to CNY 253,843,581.13, compared to CNY 200,427,352.81 in the previous year[21] - The ending cash and cash equivalents balance was CNY 379,343,776.85, compared to CNY 164,263,440.77 at the end of the same period in 2024[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 25,308[11] - The largest shareholder, Zhongyan Anhui Hong Sifang Co., Ltd., holds 172,900,000 shares, accounting for 66.50% of total shares[11] - The company has no significant changes in major shareholders or their participation in margin trading[12] Operational Status - There are no other significant reminders regarding the company's operational status during the reporting period[13] - The company will not apply new accounting standards starting from 2025[22] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 52,715,447.65, slightly higher than CNY 50,829,852.82 in 2024[18] Financial Expenses - Financial expenses decreased significantly to CNY 2,161,663.90 in 2025 from CNY 5,473,747.00 in 2024[19] - The company reported a decrease in interest expenses to CNY 3,397,847.06 in 2025 from CNY 7,523,749.90 in 2024[19]

Group 1 - The company's Q3 revenue was 667 million, a decrease of 3.38% [1] - The net profit for Q3 was 1.88 million, a decline of 93.47% [1] - The revenue for the first three quarters was 2.48 billion, down 6.94% [1] Group 2 - The net profit for the first three quarters was 45.84 million, a decrease of 59.02% [1]

Core Viewpoint - The company Hong Sifang has experienced a decline in stock price and financial performance, with significant changes in shareholder structure and trading activity [1][2][3]. Group 1: Financial Performance - As of June 30, 2025, Hong Sifang reported a revenue of 1.814 billion yuan, a year-on-year decrease of 8.18% [2]. - The net profit attributable to shareholders was 43.97 million yuan, reflecting a year-on-year decline of 47.10% [2]. - Cumulative cash dividends since the A-share listing amount to 30 million yuan [3]. Group 2: Trading Activity - On October 15, Hong Sifang's stock price fell by 0.72%, with a trading volume of 85.25 million yuan [1]. - The financing buy-in amount for Hong Sifang on the same day was 10.35 million yuan, while the financing repayment was 9.41 million yuan, resulting in a net financing buy-in of 0.94 million yuan [1]. - The total margin trading balance for Hong Sifang reached 14.7 million yuan, with the financing balance accounting for 7.92% of the circulating market value [1]. Group 3: Shareholder Structure - As of June 30, 2025, the number of shareholders for Hong Sifang was 26,700, a decrease of 23.56% from the previous period [2]. - The average number of circulating shares per shareholder increased by 73.78% to 2,009 shares [2]. - Notable changes in institutional holdings include the entry of new shareholders such as Southern CSI 1000 ETF and Huaxia CSI 1000 ETF, while Yuanxin Yongfeng Xingyuan A exited the top ten circulating shareholders [3].

Core Insights - The company Hong Sifang experienced a trading volume of 79.91 million yuan on October 13, with a financing net buy of -2.68 million yuan, indicating a decrease in investor confidence [1] - As of June 30, the company reported a revenue of 1.814 billion yuan for the first half of 2025, a year-on-year decrease of 8.18%, and a net profit of 43.97 million yuan, down 47.10% year-on-year [2] Financing and Trading Data - On October 13, Hong Sifang had a financing balance of 145 million yuan, accounting for 7.89% of its market capitalization [1] - The company had a margin trading buy amount of 4.78 million yuan and a margin repayment of 7.45 million yuan on the same day [1] - The margin balance included a short selling amount of 200 shares, with a total value of 6,856 yuan [1] Shareholder and Institutional Holdings - As of June 30, the number of shareholders decreased by 23.56% to 26,700, while the average number of circulating shares per person increased by 73.78% to 2,009 shares [2] - The top circulating shareholder is the Southern CSI 1000 ETF, holding 724,600 shares as a new shareholder [2] - Other notable institutional shareholders include Yuanxin Yongfeng Ju You A and Huaxia CSI 1000 ETF, both of which have increased their holdings [2]

Core Insights - Hong Sifang (603395) reported a net financing purchase of 2.23 million yuan on September 23, 2025, with a financing balance of 163 million yuan, indicating a positive trend in investor sentiment [1][4]. Financing Activity - On September 23, 2025, the financing buy-in was 10.92 million yuan, while the financing repayment was 8.68 million yuan, resulting in a net financing purchase of 2.23 million yuan [1]. - Over the past three trading days, the cumulative net financing purchase reached 6.24 million yuan, and in the last 20 trading days, there were 12 days with net financing purchases [1]. - The financing balance on September 23 was 163 million yuan, which represents an increase of 1.38% from the previous day [4]. Margin Trading - On the same day, 600 shares were sold short, while 800 shares were repaid, resulting in a net short position of 200 shares, with a remaining short balance of 9,700 shares [2][3]. - The margin trading balance was reported at 164 million yuan, reflecting a daily increase of 2.22 million yuan [4].