Group 1 - Aerospace Science and Technology expects a net profit of 68 million to 95 million yuan for the first half of 2025, representing a growth of 1628.83% to 2315.27% compared to the same period last year [1] - Huaxia Airlines anticipates a net profit of 220 million to 290 million yuan for the first half of 2025, an increase of 741.26% to 1008.93% year-on-year [1] - Shida Group forecasts a net loss of 44 million to 65 million yuan for the first half of 2025, marking a shift from profit to loss [1] Group 2 - Jiaao Environmental Protection expects a net loss of 70 million to 90 million yuan for the first half of 2025 [3] - Haima Automobile predicts a net loss of 60 million to 90 million yuan for the first half of 2025, compared to a loss of 152 million yuan in the same period last year [3] - Huaibei Mining anticipates a net profit of approximately 1.027 billion yuan for the first half of 2025, a decrease of about 65% year-on-year [3] Group 3 - Quanfu Automobile expects a net loss of 155 million to 185 million yuan for the first half of 2025 [5] - Gaode Infrared signed a procurement agreement worth 879 million yuan, which is expected to positively impact its operating performance for the year [5] - Zhongchen Co. won a project from Southern Power Grid worth 379 million yuan, representing 12.26% of its audited revenue for 2024 [5] Group 4 - Daheng Technology anticipates a net loss of 406,000 yuan for the first half of 2025, compared to a loss of 988,250 yuan in the same period last year [6] - Dazhongnan expects a net profit of 6.5 million to 8 million yuan for the first half of 2025, a recovery from a loss of 15.325 million yuan last year [6] - Xianfeng Holdings projects a net profit of 34 million to 42 million yuan for the first half of 2025, a year-on-year increase of 524.58% to 671.53% [7] Group 5 - Shuangxiang Co. expects a net profit of 115 million to 150 million yuan for the first half of 2025, a growth of 128.1% to 197.53% year-on-year [8] - ST Xintong anticipates a net loss of 67 million to 97 million yuan for the first half of 2025 [9] - Jishi Media forecasts a net loss of 187 million to 233 million yuan for the first half of 2025 [10] Group 6 - Suli Co. expects a net profit of 72 million to 86 million yuan for the first half of 2025, a year-on-year increase of 1008.39% to 1223.91% [11] - Wanli Co. anticipates a net loss of 19 million yuan for the first half of 2025, compared to a loss of 12.9238 million yuan last year [12] - Langzi Co. projects a net profit of 22 million to 26 million yuan for the first half of 2025, an increase of 31.74% to 55.69% year-on-year [14] Group 7 - Changjiang Securities expects a net profit of 1.652 billion to 1.81 billion yuan for the first half of 2025, a growth of 110% to 130% [15] - Huahong Technology anticipates a net profit of 70 million to 85 million yuan for the first half of 2025, a year-on-year increase of 3047.48% to 3721.94% [16] - Chenhua Co. plans to invest 30 million yuan in financial products with an expected annual yield of 3.20% [16] Group 8 - Zijing Mining expects a net profit of approximately 23.2 billion yuan for the first half of 2025, a growth of about 54% year-on-year [28] - Limin Co. anticipates a net profit of 26 million to 28 million yuan for the first half of 2025, a year-on-year increase of 719.25% to 782.27% [29] - Huazhong Securities expects a net profit of 1.035 billion yuan for the first half of 2025, a growth of 44.94% year-on-year [30]

本次业绩预告的适用情形：实现盈利，且净利润与上年同期相比上升50% 以上。 江苏苏利精细化工股份有限公司（以下简称"公司"）预计2025年半年 度实现归属于上市公司股东的净利润为7,200万元至8,600万元,与上年同期相比 增长6,550.41万元至7,950.41万元，同比增长1,008.39%至1,223.91%。 | 证券代码：603585 | 证券简称：苏利股份 | | --- | --- | | 转债代码：113640 | 转债简称：苏利转债 | | | 公告编号：2025-060 | 江苏苏利精细化工股份有限公司 2025 年半年度业绩预告 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个别及连带责任。 重要内容提示： 公司预计2025年半年度归属于上市公司股东的扣除非经常性损益的净利 润为6,700万元至8,100万元，与上年同期相比增长6,095.26万元至7,495.26万 元，同比增长1,007.91%至1,239.42%。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 6 ...

苏利股份：预计2025年半年度归属于上市公司股东的净利润为7200万元至8600万元，同比增长 1008.39%至1223.91%。 ...

苏利股份(603585.SH)公告称，苏利股份预计2025年半年度归属于上市公司股东的 净利润为7200万元至 8600万元，同比增长1008.39%至1223.91%。业绩大幅增长主要由于市场景气度提升，公司主要产品销 量、价格及毛利率增长显著增强盈利能力。 ...

Group 1 - The pesticide sector has experienced a significant surge, with companies such as Xinong Co., Ltd. (002942) and Suli Co., Ltd. (603585) hitting the daily limit up [1] - Beisi Mei (300796) has seen an increase of over 4%, indicating strong market interest [1] - Other companies like Xianda Co., Ltd. (603086), Xin'an Chemical (600596), and Lier Chemical (002258) have also shown upward movement, reflecting a broader trend in the sector [1] Group 2 - There is a notable influx of dark pool funds into these stocks, suggesting increased investor confidence and potential for further growth [1]

| 证券代码：603585 | 证券简称：苏利股份 | 公告编号：2025-059 | | --- | --- | --- | | 转债代码：113640 | 转债简称：苏利转债 | | 一、可转债发行上市概况 经中国证券监督管理委员会证监许可[2021]3928 号文核准，公司于 2022 年 2 月 16 日公开发行了 9,572,110 张可转换公司债券，每张面值 100 元，发行总 额为人民币 95,721.10 万元，期限 6 年，票面利率第一年为 0.4%、第二年为 0.6%、 第三年为 1%、第四年为 1.5%、第五年为 2%、第六年为 3%。 经上海证券交易所自律监管决定书[2022]50 号文同意，公司 95,721.10 万 元可转债于 2022 年 3 月 10 日起在上交所挂牌交易，债券简称"苏利转债"，债 券代码"113640"。 江苏苏利精细化工股份有限公司 可转债转股结果暨股份变动公告 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个别及连带责任。 重要内容提示： 累计转股情况："苏利转债"的转股起止日期为 ...

Company Overview - Jiangsu Suli Fine Chemical Co., Ltd. is engaged in the production of fine chemical products and related derivatives, with a registered address in Jiangyin City, Jiangsu Province [15][16]. - The company has faced a cyclical downturn in the agricultural chemical industry, with many pesticide prices dropping to near cost levels, pressuring profit margins and pushing companies towards technological innovation and niche markets [16][18]. Financial Performance - In 2024, the company achieved a consolidated operating revenue of RMB 2.31 billion, representing a year-on-year increase of 17.91% [17]. - The sales volume of pesticides and pesticide intermediates reached 41,600 tons, an increase of 58.72% compared to 2023, while sales of flame retardants and their intermediates reached 20,600 tons, up 38.75% [16]. - Despite increased sales volumes, the net profit attributable to shareholders was a loss of RMB 10.85 million, a decline of 154.03% year-on-year, primarily due to low pesticide prices and increased costs from new production lines [17][18]. Bond Issuance - The company issued convertible bonds totaling RMB 957.21 million, with a net amount of RMB 943.62 million after deducting issuance costs [19]. - The bonds have a term of six years, with an annual interest rate that increases from 0.40% in the first year to 3.00% in the sixth year [3][9]. - The initial conversion price for the bonds is set at RMB 20.11 per share, with provisions for adjustments based on corporate actions such as stock dividends and capital increases [6][7]. Fund Utilization - The raised funds are allocated for a project to produce 19,000 tons of fine chemical products and related derivatives, with a total investment of RMB 1.48 billion [19][20]. - As of December 31, 2024, the company had invested RMB 671.38 million in the project, with plans to adjust the project scope based on market conditions [19][20]. - The company has established a special account for the management of the raised funds, ensuring compliance with regulatory requirements [19][21]. Market Conditions - The agricultural chemical industry is experiencing a downturn, with prices for many products remaining low, although some recovery has been noted in recent quarters due to improved supply-demand dynamics [16][18]. - The company is focusing on expanding its market presence and enhancing brand recognition amid these challenging conditions [16].

股票代码：603585 股票简称：苏利股份 债券代码：113640 债券简称：苏利转债 广发证券股份有限公司 （注册地址：广东省广州市黄埔区中新广州知识城腾飞一街2号618室） 江苏苏利精细化工股份有限公司 公开发行可转换公司债券 受托管理事务报告 （2024年度） （注册地址：江苏省无锡市江阴市临港街道润华路7号-1） 债券受托管理人 二〇二五年六月 1 重要声明 广发证券股份有限公司（以下简称"广发证券"）编制本报告的内容及信息均 来源于发行人对外披露的《江苏苏利精细化工股份有限公司2024年年度报告》等 相关公开信息披露文件、江苏苏利精细化工股份有限公司（以下简称"苏利股份" "公司"或"发行人"）提供的证明文件以及第三方中介机构出具的专业意见。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为广发证券所作的承诺 或声明。 2 目 录 | 第一章 | 受托管理的公司债券概况 1 | | --- | --- | | 第二章 | 受托管理人履行职责情况 10 | | 第三章 | 发行人的经营和财务状况 11 | | 第四章 | 发行人募 ...

Core Viewpoint - The company maintains its credit rating for both the convertible bonds and the corporate entity at "AA-" with a stable outlook, indicating consistent financial health and stability in operations [1][2]. Group 1: Credit Rating Details - Previous rating results indicated that the "Suli Convertible Bonds" had a credit rating of "AA-" and the corporate entity also held a credit rating of "AA-" with a stable outlook [1][2]. - The current rating results reaffirm the "Suli Convertible Bonds" credit rating at "AA-" and the corporate entity's credit rating at "AA-" with a stable outlook, as assessed by Shanghai New Century Credit Rating Co., Ltd [1][2]. Group 2: Rating Agency and Methodology - The rating agency, Shanghai New Century, conducted a comprehensive analysis of the company's operational status and relevant industry conditions before issuing the tracking credit rating report [2]. - The tracking credit rating report was published on June 21, 2024, confirming the ratings and outlook [2].

Core Viewpoint - The company, Jiangsu Suli Fine Chemical Co., Ltd., is facing challenges in the agricultural chemical sector due to declining product prices and increased depreciation costs from ongoing construction projects, leading to a projected net loss in 2024 [4][10]. Financial Performance - The company's revenue for 2022, 2023, and 2024 was 3.15 billion, 1.96 billion, and 2.31 billion yuan respectively, with a significant increase in sales volume attributed to capacity release and overseas market expansion [10]. - The gross profit margin decreased from 22.32% in 2022 to 12.20% in 2024, reflecting the impact of falling sales prices [10]. - As of March 2025, the company reported a total asset value of 4.68 billion yuan and total liabilities of 2.23 billion yuan, resulting in an asset-liability ratio of approximately 47.6% [2]. Industry Overview - The agricultural chemical industry is experiencing a downturn, with the pesticide price index dropping by 10.4% year-on-year as of December 2024, affecting the profitability of companies in this sector [6]. - The production of chemical pesticide raw materials in China saw a significant increase, with outputs of 3.675 million tons in 2024, up 22.2% year-on-year [5]. - The global flame retardant market is projected to grow from 10.38 billion USD in 2024 to 16.96 billion USD by 2033, with a compound annual growth rate of 5.56% [8]. Operational Insights - The company has a diversified product line, including pesticides and flame retardants, with a focus on maintaining a stable supply chain and production efficiency [10]. - The production capacity for pesticide and intermediate products increased significantly, with a capacity utilization rate of 90.15% in 2024 [10]. - The company’s sales strategy includes direct sales and distribution, with a notable increase in export sales, which accounted for 39.07% of total sales [10]. Future Outlook - The company is expected to maintain a stable credit quality in the coming months, despite the challenges posed by the agricultural chemical market [2]. - The ongoing construction projects and their operational effectiveness will be critical for the company's future profitability and financial health [4][10].