Financial Performance - The company reported total revenue of 171 million yuan for the first half of 2025, a decrease of 14.76% year-on-year [1] - The net profit attributable to shareholders was 25.96 million yuan, down 30.42% compared to the previous year [1] - The gross margin was 26.49%, a decline of 6.65% year-on-year, while the net margin was 15.21%, down 18.37% [1] - The company’s accounts receivable reached 118.39% of the net profit, indicating a significant amount of receivables relative to earnings [7] Cash Flow and Financial Ratios - Operating cash flow improved by 95% due to better collection efficiency on project payments [4] - The company’s return on invested capital (ROIC) was 7.61%, which is considered average [5] - The company’s total liabilities and financial health indicators suggest a strong cash position [6] Industry Context - The petrochemical industry is crucial for the national economy, characterized by long supply chains and high capital intensity [8] - Investment in the chemical raw materials and products manufacturing sector grew by 8.6% year-on-year, while the oil and gas extraction sector saw a decline of 1.8% [9] - The industry is undergoing a transformation towards green and smart technologies, with a focus on high-quality development [8] Competitive Position - The company has a strong brand reputation and technical expertise in the petrochemical engineering sector, focusing on differentiated competition [11] - It operates in a strategic location in the Yangtze River Delta, a key area for the petrochemical industry in China [11] - The company has a robust order backlog, with contracts worth 277 million yuan yet to be fulfilled [12] Future Outlook - The company aims to maintain its existing business while exploring new opportunities in coal chemical projects and overseas markets [13][16] - The strategic focus includes enhancing operational quality and efficiency, with a dual approach of industrial operations and capital management [17]

镇海石化工程股份有限公司2025 年半年度报告 公司代码：603637 公司简称：镇海股份 镇海石化工程股份有限公司 2025 年半年度报告 二〇二五年八月 1 / 144 镇海石化工程股份有限公司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、 公司负责人戚元庆、主管会计工作负责人张婧及会计机构负责人（会计主管人员）姚秀瑜 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 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本半年度报告涉及的对公司未来发展战略及经营计划的前瞻性陈述，不构成公司对投资者的 实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理解计划、预测与承诺 之间的差异，敬请投资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 ...

天眼查商业履历信息显示，镇海石化工程股份有限公司，成立于1994年，位于宁波市，是一家以从事专 业技术服务业为主的企业。企业注册资本23868.5877万人民币，实缴资本23868.5877万人民币。公司法 定代表人为戚元庆。 通过天眼查大数据分析，镇海石化工程股份有限公司共对外投资了5家企业，参与招投标项目1040次， 专利信息75条，此外企业还拥有行政许可37个。 来源：金融界 金融界消息 截至2025年8月19日收盘，镇海股份（603637）报收于11.02元，下跌0.54%，换手率 2.44%，成交量5.82万手，成交金额6414.94万元。 资金流向方面，今日主力资金净流出1574.44万元，占比成交额24.54%。其中，超大单净流出982.44万 元、占成交额15.31%，大单净流出592.00万元、占成交额9.23%，中单净流出流入355.00万元、占成交 额5.53%，小单净流入1219.44万元、占成交额19.01%。 镇海股份最新一期业绩显示，截至2025一季报，公司营业总收入5363.33万元、同比减少47.25%，归属 净利润592.68万元，同比减少29.57%，扣非净利润377.0 ...

证券日报网讯镇海股份8月15日在互动平台回答投资者提问时表示，根据中国结算上海分公司提供的股 东名册，截至2025年8月8日，公司股东总户数为11685户。 （文章来源：证券日报） ...

证券日报网讯8月15日晚间，镇海股份（603637）发布公告称，公司计划于2025年8月26日15：00-16： 00举行2025年半年度业绩说明会。 ...

重要内容提示： 会议召开时间：2025 年 8 月 26 日（星期二）下午 15:00-16:00 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/） 会议召开方式：网络在线互动 投资者可于 2025 年 8 月 20 日（星期三）至 8 月 25 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过电子邮件 （zpec@izpec.com）方式联系公司，提出所关注的问题，公司将在业绩说明 会上对投资者普遍关注的问题进行回答。 证券代码：603637 证券简称：镇海股份 公告编号：2025-027 镇海石化工程股份有限公司 关于召开 2025 年半年度业绩说明会的预告公告 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。 公司参加本次业绩说明会的人员：董事长郑祯先生、董事兼总经理戚元庆先 生、独立董事葛攀攀先生、财务总监张婧女士、董事会秘书石丹女士。 四、投资者参加方式 （一）投资者可在 2025 ...

Group 1 - FDCA is a high-value bio-based compound with a wide range of applications, serving as a substitute for terephthalic acid and enabling the production of high-performance bio-based polymers [2][8] - The synthesis routes for FDCA are diverse, with the HMF route being the most promising and showing significant progress towards industrial production [17][18] - The global FDCA market is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2021 to 2028, potentially reaching $873.28 million by 2028 [4][51] Group 2 - Internationally, several companies have achieved FDCA production, with significant investments made since 2004, including major players like Coca-Cola, DuPont, and Avantium [3][35] - Domestic research on FDCA began around 2010 and has rapidly advanced, with notable breakthroughs in synthesis and polymerization processes [3][41] - The domestic industry is still in its early stages of commercialization, but there is a growing number of patents and publications, indicating a strong research foundation [3][41] Group 3 - PEF, derived from FDCA and ethylene glycol, exhibits superior properties compared to PET, including higher mechanical strength and better gas barrier performance, making it a promising alternative [5][10] - The application areas for PEF include food packaging, films, and fibers, with significant potential for replacing PET in various markets [5][10] - The production of PEF is expected to expand, driven by the increasing demand for sustainable materials and the growth of the bio-based product market [5][51] Group 4 - Companies like Avantium and Eastman are leading the way in FDCA production technology, with Avantium's YXY technology being a notable example [36][39] - Domestic companies such as Hefei Lif Biological and Zhongke Guosheng are making strides in FDCA production, with innovative processes and significant production capacity planned for the near future [44][45] - The collaboration between research institutions and companies is fostering innovation and accelerating the commercialization of FDCA and its derivatives in China [41][44]

Investment Rating - The report maintains a rating of "Overweight" for the FDCA industry [7] Core Insights - FDCA is a high-value bio-based compound with a wide range of applications, particularly in the production of PEF, which has significant market potential [1][3][5] - The global FDCA market is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2021 to 2028, potentially reaching USD 873.28 million by 2028 [3] - PEF, derived from FDCA, exhibits superior properties compared to PET, making it a promising alternative in various applications [4][5] Summary by Sections FDCA Overview - FDCA is a bio-based aromatic monomer derived from biomass such as starch and cellulose, recognized as a suitable substitute for terephthalic acid [1][14] - The synthesis routes for FDCA include chemical and biological methods, with the HMF route being the most promising for industrialization [1][26][27] Domestic and International Development - Internationally, several companies have achieved FDCA production since 2004, while domestic efforts began around 2010 and are rapidly advancing [2][45][56] - Notable international players include Avantium, Corbion Purac, and DuPont, which have made significant strides in FDCA and PEF research and production [45][46][48] Market Potential and Applications - The FDCA market is projected to exceed USD 1.13 billion by 2031, driven by increasing demand for bio-based products [3] - PEF's applications span food packaging, films, and fibers, with its oxygen and carbon dioxide barrier properties significantly outperforming PET [4][18][19] Investment Recommendations - The report suggests focusing on companies involved in FDCA production, such as Tongkun Co., New Fengming, and Zhenhai Refining & Chemical [5][58][60]

Group 1 - The company completed the industrial and commercial change registration and obtained a new business license after holding board and shareholder meetings to approve the cancellation of the supervisory board, changes in business scope, and amendments to the articles of association [1][2] - The new legal representative of the company is Mr. Qi Yuanqing, who was appointed as the general manager [2] - The registered capital of the company is 238,685,770 yuan, and it is located at No. 36, Xinghai South Road, High-tech Zone, Ningbo City [2] Group 2 - The company's business scope includes various services such as industrial engineering design, technical consulting, project management, and sales of machinery and chemical products [2] - The company is classified as a joint-stock company with natural person investment or control [2] - The company was established on June 30, 1994, and is listed [2]

镇海石化工程股份有限公司 关于完成工商变更登记并换发营业执照的公告 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。 镇海石化工程股份有限公司（以下简称"公司"）于2025年6月11日召开第 五届董事会第十六次会议，并于2025年6月27日召开2025年第一次临时股东会， 分别审议通过了《关于取消监事会、变更公司经营范围、修订<公司章程>并办理 工商变更登记的议案》。具体内容详见公司于2025年6月12日、2025年6月28日在 上海证券交易所网站（http://www.sse.com.cn）披露的《镇海石化工程股份有 限公司关于取消监事会、变更公司经营范围、修订<公司章程>及制定、修订部分 公司治理制度的公告》(公告编号：2025-019)和《镇海石化工程股份有限公司2025 年第一次临时股东会决议公告》（公告编号：2025-022）。 公司于2025年6月27日召开第六届董事会第一次会议，审议通过了《关于聘 任公司高级管理人员的议案》，聘任戚元庆先生为公司总经理。根据修订后的《公 司章程》规定，总经理为公司的法定代表人，公司 ...