| 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].

| 证券代码：603585 | 证券简称：苏利股份 | 公告编号：2025-058 | | --- | --- | --- | | 转债代码：113640 | 转债简称：苏利转债 | | 江苏苏利精细化工股份有限公司 关于公开发行可转换公司债券 2025 年跟踪评级结果的公告 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个别及连带责任。 苏苏利精细化工股份有限公司公开发行可转换公司债券定期跟踪评级报告》。 特此公告。 江苏苏利精细化工股份有限公司 董事会 重要内容提示： 前次评级结果："苏利转债"信用等级为"AA-"；公司主体信用等级为 "AA-"；评级展望为"稳定"。 本次评级结果："苏利转债"信用等级为"AA-"；公司主体信用等级为 "AA-"；评级展望为"稳定"。 根据中国证券监督管理委员会《上市公司证券发行管理办法》和《上海证券 交易所公司债券上市规则》等有关规定，江苏苏利精细化工股份有限公司（以下 简称"公司"）委托上海新世纪资信评估投资服务有限公司（以下简称"上海新 世纪"）对本公司 2022 年发行的可转换公司债券（债券 ...

内部编号:2025060165 2022 年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 定期跟踪评级报告 | 分析师: | 吴晓丽 | & PR Fra | wx1@shxsj.com | | --- | --- | --- | --- | | 阮葬葬 | | p元>科研 | ruanbenben@shxs j. com | | 评级总监: | 张明海 | 420.11 | | | 联系电话:(021)63501349 | | | | | 联系地址:上海市黄浦区汉口路 398号华盛大厦 14 层 | | | | | 公司网站:www.shxsj.com | | | | 上海新世纪资信评估投资服务有限公司 Shanghai Brilliance Credit Rating & Investors Service Co., Ltd. 本报告并非是某种决策的结论、建议。本评级机构不对发行人使用或引用本报告产生的任何后果承担责任，也 不对任何投资者的投资行为和投资损失承担责任。本报告的评级结论及相关分析并非对评级对象的鉴证意见。 鉴于信用评级工作特性及受客观条件影响，本报告在资料信息获取、评级方法与模型、未 ...

| 证券代码：603585 | 证券简称：苏利股份 | 公告编号：2025-057 | | --- | --- | --- | | 转债代码：113640 | 转债简称：苏利转债 | | 江苏苏利精细化工股份有限公司 股票交易异常波动公告 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： 江苏苏利精细化工股份有限公司（以下简称"公司"）股票于 2025 年 6 月 18 日、6 月 19 日、6 月 20 日连续三个交易日内收盘价格跌幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波动情 况。 经公司自查并向控股股东及实际控制人核实，公司经营情况正常，不存 在应披露而未披露的重大事项。 公司近日股价波动幅度较大，敬请广大投资者理性决策，审慎投资。 一、股票交易异常波动的具体情况 本公司股票连续三个交易日（2025 年 6 月 18 日、19 日、20 日）内收盘价 格跌幅偏离值累计达 20%以上，属于《上海证券交易所交易规则》规定的股票交 易异常波动情形。 二、公司关注并 ...

江苏苏利精细化工股份有限公司 股票交易异常波动问询函的回函 江苏苏利精细化工股份有限公司: 特此回函。 70×5年1月20日 本人作为江苏苏利精细化工股份有限公司的控股股东及实际控制人,截至目 前,不存在影响你公司股票交易异常波动的重大事项;不存在其他应披露而未披 露的重大信息,包括但不限于重大资产重组、股份发行、重大交易类事项、业务 重组、股份回购、股权激励、破产重整、重大业务合作、引进战略投资者等重大 事项;不存在可能导致公司股权发生变化的事项;股票交易异常波动期间,本人 未买卖你公司股票。 你公司发来的《江苏苏利精细化工股份有限公司股票交易异常波动问询函》 已收悉。经本人自查确认,现将相关事项回复如下: ...

苏利股份：不存在应披露而未披露的重大事项 金十数据6月20日讯，苏利股份公告，公司股票连续三个交易日内收盘价格跌幅偏离值累计超过20%， 属于股票交易异常波动情况。经自查，公司目前生产经营情况正常，内外部经营环境未发生重大变化， 不存在应披露而未披露的重大信息。公司控股股东及实际控制人也不存在关于公司的应披露而未披露的 重大事项。 ...