Group 1 - The core point of the article is that Xinhua Co., Ltd. (603867.SH) is collaborating with Yao Ning Technology to invest in a project focused on the recycling of waste battery materials and retired batteries [1] - The project is currently in the construction phase and has not yet been completed [1]

Group 1 - The core viewpoint of the article highlights the application of triethylamine in the production of vinyl carbonate (VC) and its significance in various industries [2] - The company, Xinhua Co., Ltd. (603867.SH), states that triethylamine is an essential organic chemical raw material and an efficient solvent, widely used in pharmaceuticals, pesticides, dyes, catalysts, and water treatment [2] - Additionally, triethylamine is utilized in the production of lithium battery electrolyte additives, indicating its relevance in the growing battery industry [2]

Group 1 - The company is currently in the construction phase of a lithium recycling project in collaboration with Yao Ning Technology, focusing on the recycling of waste battery materials and retired batteries [2] - The company responded to investor inquiries regarding the revenue and profit situation of its lithium recycling business, indicating that it is still under development and not yet completed [2]

Core Points - The company, Zhejiang Xinhua Chemical Co., Ltd., has completed the grant registration for its 2025 restricted stock incentive plan on November 7, 2025 [1] - The company received the "Securities Change Registration Certificate" and "Transfer Registration Confirmation" from the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. on November 11, 2025 [1] Summary by Category - **Company Announcement** - The company announced the completion of the grant registration for its 2025 restricted stock incentive plan [1] - The registration was conducted in accordance with the regulations set by the China Securities Regulatory Commission and relevant authorities [1] - **Regulatory Compliance** - The completion of the registration aligns with the guidelines of the Shanghai Stock Exchange and the China Securities Depository and Clearing Co., Ltd. [1] - The company has adhered to the necessary legal and regulatory frameworks for the incentive plan [1]

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。 重要内容提示： 根据中国证监会《上市公司股权激励管理办法》、上海证券交易所及中国证 券登记结算有限责任公司上海分公司有关规定，浙江新化化工股份有限公司（以 下简称"公司"）已于 2025 年 11 月 7 日在中国证券登记结算有限责任公司上海 分公司办理完成公司 2025 年限制性股票激励计划（以下简称"本次激励计划" 或"本激励计划"）的授予登记工作，并于 2025 年 11 月 11 日收到中国证券登 记结算有限责任公司上海分公司出具的《证券变更登记证明》和《过户登记确认 书》，现将有关事项说明如下： 一、限制性股票授予情况 （一）本激励计划授予的基本情况 2025 年 10 月 16 日，公司召开第六届董事会第二十二次会议，审议通过了 《关于向 2025 年限制性股票激励计划激励对象授予限制性股票的议案》。该议 案经公司董事会薪酬与考核委员会审议通过，公司董事会薪酬与考核委员会对授 予日的激励对象名单进行核实并发表了核查意见。本次股权激励实际授予情况如 下： 限制性股票登记 ...

Core Viewpoint - The company, Xinhua Co., stated that its production and operational activities are currently running normally, with steady progress across various business segments [2] Group 1 - The company is actively engaging with investors through interactive platforms [2] - The company reassured investors about the stability of its business operations [2] - The company emphasized the steady advancement of its various business activities [2]

| 证券代码：603867 | 证券简称：新化股份 | 公告编号：2025-057 | | --- | --- | --- | | 转债代码：113663 | 转债简称：新化转债 | | 浙江新化化工股份有限公司 目前，公司正在中国证券登记结算有限责任公司上海分公司办理本次激励计 划所涉激励对象的限制性股票登记过户手续，并将在办理完成后及时履行信息披 露义务。 特此公告。 浙江新化化工股份有限公司董事会 关于股份性质变更暨 2025 年限制性股票激励计划权 益授予的进展公告 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 根据浙江新化化工股份有限公司（以下简称"公司"）2025 年第一次临时 股东会对董事会的授权，公司于 2025 年 10 月 16 日召开第六届董事会薪酬与考 核委员会第五次会议，审议通过了《关于向 2025 年限制性股票激励计划激励对 象授予限制性股票的议案》，董事会薪酬与考核委员会对授予日的激励对象名单 进行核实并发表了核查意见，并同意提交董事会审议，同日公司召开第六届董事 会第二十二次会议，审议通过了《关于向 2025 年限制性股票激励计划激励对象 授予限制性股票的 ...

Core Viewpoint - XinHua Co., Ltd. is a leading domestic low-carbon fatty amine producer, focusing on fine chemical products with a full industry chain advantage [1] Group 1: Business Performance - For Q3 2025, XinHua's revenue reached 2.197 billion yuan, ranking 18th among 79 companies in the industry, with the top company, Sinochem International, reporting 35.716 billion yuan [2] - The net profit for the same period was 217 million yuan, placing XinHua 9th in the industry, while the top performer, Hangyang Co., Ltd., reported a net profit of 850 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, XinHua's debt-to-asset ratio was 37.20%, down from 39.74% year-on-year, which is higher than the industry average of 34.74% [3] - The gross profit margin for Q3 2025 was 22.32%, an increase from 20.96% year-on-year, exceeding the industry average of 19.93% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 4.00% to 11,400, while the average number of circulating A-shares held per account decreased by 3.79% to 17,000 [5] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 300,200 shares to 1.6863 million shares [5] Group 4: Future Outlook - The company is expected to see a slight increase in revenue and net profit for the first half of 2025, with growth in fatty amine product revenue, although organic solvent prices have decreased [5] - Future net profit projections for 2025 to 2027 are 257 million yuan, 318 million yuan, and 384 million yuan, respectively, with a "buy" rating maintained by Guojin Securities [5]

Financial Performance - Operating revenue for the third quarter was CNY 715,114,009.02, an increase of 1.26% compared to the same period last year[4] - Total profit for the quarter reached CNY 62,675,213.27, representing a year-on-year increase of 21.87%[4] - Net profit attributable to shareholders was CNY 36,857,368.02, up 11.55% from the previous year[4] - The basic earnings per share for the quarter was CNY 0.19, a decrease of 5.56% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥2,196,968,946.32, a slight increase from ¥2,189,097,845.56 in the same period of 2024, reflecting a growth of approximately 0.36%[16] - The company reported a net profit of ¥254,232,381.06 for the first three quarters of 2025, compared to ¥241,401,857.49 in 2024, representing an increase of about 5.31%[16] - The net profit for the first three quarters of 2025 was CNY 216,552,183.88, a slight increase from CNY 213,588,006.36 in the same period of 2024, representing a growth of approximately 1.4%[18] - Operating profit for the first three quarters of 2025 reached CNY 264,839,470.56, compared to CNY 250,183,931.17 in 2024, indicating an increase of about 5.9%[18] - Total revenue from sales of goods and services for the first three quarters of 2025 was CNY 2,213,420,385.04, up from CNY 2,073,150,781.51 in 2024, reflecting a growth of approximately 6.8%[19] Assets and Liabilities - Total assets as of September 30, 2025, amounted to CNY 4,485,835,458.82, reflecting a 3.16% increase from the end of the previous year[5] - Total current assets decreased to ¥1,938,171,862.99 in 2025 from ¥1,967,950,242.59 in 2024, indicating a decline of about 1.52%[13] - Total non-current assets increased to ¥2,547,663,595.83 in 2025 from ¥2,380,307,029.96 in 2024, showing an increase of approximately 7.04%[13] - Total liabilities decreased to ¥1,668,655,313.93 in 2025 from ¥1,754,677,424.67 in 2024, indicating a reduction of about 4.90%[14] - The equity attributable to shareholders increased to ¥2,519,612,743.92 in 2025 from ¥2,327,380,949.06 in 2024, reflecting a growth of approximately 8.25%[15] Cash Flow - The company reported a cash flow from operating activities of CNY 157,492,947.92 for the year-to-date, an increase of 5.83%[5] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 157,492,947.92, compared to CNY 148,821,080.99 in 2024, showing an increase of about 5.5%[20] - The company incurred a net cash outflow from investing activities of CNY -281,079,498.87 in the first three quarters of 2025, compared to CNY -200,320,004.82 in 2024[20] - The net cash outflow from financing activities was CNY -27,789,837.54 in the first three quarters of 2025, an improvement from CNY -132,003,659.79 in 2024[20] - The company reported a foreign exchange impact on cash and cash equivalents of CNY 2,404,026.56 for the first three quarters of 2025[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 11,355[10] - The diluted earnings per share decreased by 35.71% compared to the same period last year due to increased dilution from convertible bonds[8] - Basic earnings per share for the first three quarters of 2025 were CNY 0.97, compared to CNY 0.98 in the same period of 2024[18] Expenses - Total operating costs decreased to ¥1,942,736,565.26 in 2025 from ¥1,947,695,988.57 in 2024, indicating a reduction of about 0.25%[16] - Research and development expenses for the first three quarters of 2025 were ¥73,062,099.66, slightly lower than ¥75,316,821.10 in 2024, showing a decrease of approximately 3.01%[16] Cash and Cash Equivalents - The company's cash and cash equivalents amounted to ¥608,488,823.40 as of September 30, 2025, compared to ¥756,469,583.78 on December 31, 2024, representing a decline of about 19.6%[12] - The cash and cash equivalents at the end of the period were CNY 590,908,512.40, an increase from CNY 553,018,531.09 at the end of the same period in 2024[21] Non-Recurring Items - Non-recurring gains and losses for the quarter totaled CNY -188,101.81, with government subsidies contributing CNY 2,000,946.99[7]

| 证券代码：603867 | 证券简称：新化股份 | 公告编号：2025-056 | | --- | --- | --- | | 转债代码：113663 | 转债简称：新化转债 | | 浙江新化化工股份有限公司 关于 2025 年第三季度报告的更正公告 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。 浙江新化化工股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日在 上海证券交易所网站（www.sse.com.cn）及指定媒体披露了公司《2025 年第三 季度报告》。经公司事后审核，在编制 2025 年第三季度报告过程中，因工作人 员疏忽，2025 年第三季度报告中"二、股东信息"之"（一）普通股股东总数 和表决权恢复的优先股股东数量及前十名股东持股情况表"之"报告期末普通 股股东总数"股东总数有误，实际股东总数为"11,355"。具体内容更正如下： 更正前： 普通股股东总数和表决权恢复的优先股股东数量及前十名股东持股情况表 单位：股 更正后： 普通股股东总数和表决权恢复的优先股股东数量及前十名股东持股 ...