证券代码：000637 证券简称：茂化实华 公告编号：2025-029 茂名石化实华股份有限公司 第十三届董事会第九次临时会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 茂名石化实华股份有限公司（以下简称"公司"）第十三 届董事会第九次临时会议于2025年8月8日以通讯表决方式 召开。本次会议的通知于2025年8月5日以电子邮件方式送达 全体董事和高级管理人员。公司董事会共有9名董事，9名董 事均以通讯表决方式参加会议。本次会议由公司董事长王志 华先生召集和主持。本次会议的通知、召开以及参会董事人 数均符合相关法律、行政法规、部门规章、规范性文件、深 圳证券交易所业务规则和《公司章程》的有关规定。 具体内容详见公司同日披露于《证券时报》及巨潮资讯 网《关于公司向银行申请不超过人民币伍亿元授信额度的公 告》（公告编号：2025-030）。 二、董事会会议审议情况 本次会议审议通过了以下议案： （一）《关于公司向银行申请不超过人民币伍亿元授信 额度的议案》。 表决情况：同意 9 票，反对 0 票，弃权 0 票，通过。 - 1 ...

Group 1 - The company, Maohua Shihua, announced that its 13th Board of Directors held a temporary meeting on August 8, 2025, via telecommunication voting [1] - The meeting reviewed a proposal regarding the company's application for a credit limit of up to 500 million RMB from banks [1]

Group 1 - The stock price of Maohua Shihua (000637) closed at 4.26 yuan on August 7, 2025, with an increase of 0.95% and a trading volume of 10.47 million hands, resulting in a transaction amount of 44.38 million yuan [1] - On August 7, the net inflow of main funds was 1.26 million yuan, accounting for 2.85% of the total transaction amount, while retail investors had a net outflow of 2.73 million yuan, accounting for 6.15% [1] - The company's main business includes the production and sales of various petrochemical products such as polypropylene, liquefied gas, and industrial hydrogen peroxide [2] Group 2 - Maohua Shihua's total market value is 2.215 billion yuan, significantly lower than the industry average of 184.637 billion yuan, ranking 20th in the industry [2] - The company's net profit for the first quarter of 2025 was -35.07 million yuan, a year-on-year increase of 20.28%, while its main revenue decreased by 34.0% to 788 million yuan [2] - The company's gross profit margin is 3.6%, which is considerably lower than the industry average of 20.71%, ranking 19th in the industry [2]

Group 1 - The stock price of Maohua Shihua (000637) closed at 4.22 yuan on August 6, 2025, down 0.94% with a turnover rate of 2.56% and a trading volume of 94,200 hands, resulting in a transaction amount of 39.89 million yuan [1] - On August 6, the net outflow of main funds was 4.86 million yuan, accounting for 12.19% of the total transaction amount, while retail investors saw a net inflow of 4.54 million yuan, accounting for 11.38% [1] - The company's main business includes the production and sales of various petrochemical products such as polypropylene, liquefied gas, and industrial hydrogen peroxide [2] Group 2 - For the first quarter of 2025, Maohua Shihua reported a main revenue of 788 million yuan, a year-on-year decrease of 34.0%, and a net profit attributable to shareholders of -35.07 million yuan, a year-on-year increase of 20.28% [2] - The company has a total market value of 2.194 billion yuan, with a net asset of 723 million yuan and a net profit of -35.07 million yuan, ranking 20th in the oil industry [2] - The company's gross profit margin is 3.6%, significantly lower than the industry average of 20.71%, indicating a challenging operational environment [2]

Core Viewpoint - The stock of Maohua Shihua (000637) has shown a slight increase, with a closing price of 4.22 yuan on August 4, 2025, reflecting a 1.44% rise, amidst mixed capital flows from different investor types [1]. Financial Performance - For Q1 2025, Maohua Shihua reported a main revenue of 788 million yuan, a year-on-year decrease of 34.0% [2]. - The company recorded a net profit of -35.07 million yuan, which is a year-on-year increase of 20.28% [2]. - The net profit excluding non-recurring items was -33.81 million yuan, showing a year-on-year increase of 25.59% [2]. - The company's debt ratio stands at 68.77% [2]. - The gross profit margin is reported at 3.6% [2]. Market Position - Maohua Shihua's total market capitalization is 2.194 billion yuan, significantly lower than the industry average of 181.333 billion yuan, ranking 20th in the sector [2]. - The company has a net asset value of 723 million yuan, again ranking 17th in the industry [2]. - The price-to-earnings ratio (P/E) is -15.64, compared to the industry average of 24.17 [2]. - The price-to-book ratio (P/B) is 3.58, ranking 17th in the industry [2]. - The net profit margin is -4.9%, ranking 19th in the sector [2]. - Return on equity (ROE) is reported at -5.56%, also ranking 19th in the industry [2]. Business Overview - Maohua Shihua's main business includes the production and sale of various petrochemical products such as polypropylene, liquefied gas, special white oil, MTBE, isobutane, ethanolamine, industrial hydrogen peroxide, dicyclopentadiene, hydrogenated carbon nine, petroleum resin, naphthalene, and heavy oil [2].

Group 1 - The oil industry experienced a slight increase of 0.08% on August 4, with a net outflow of main funds amounting to 4.0268 million yuan [1] - Among the constituent stocks, 11 rose while 9 fell, indicating mixed performance within the sector [1] - The top net outflows were recorded for China National Offshore Oil Corporation (CNOOC) at 27.5103 million yuan, followed by *ST Xinchao at 15.0106 million yuan, and Guangju Energy at 9.3863 million yuan [1] Group 2 - China National Petroleum Corporation (CNPC) shares were priced at 8.47 yuan, with a decrease of 0.47% and a net inflow of 3.88638 million yuan, representing 4.0% of the main fund [1] - China Petroleum & Chemical Corporation (Sinopec) shares were priced at 5.65 yuan, down 0.72%, with a net inflow of 0.42157 million yuan, accounting for 2.59% of the main fund [1] - Shanghai Petrochemical Company shares were priced at 2.83 yuan, down 0.77%, with a net inflow of 0.07935 million yuan, representing 7.68% of the main fund [1]

Group 1 - The stock price of Maohua Shihua (000637) closed at 4.16 yuan on August 1, 2025, with an increase of 1.96% and a trading volume of 109,400 hands, resulting in a transaction amount of 45.22 million yuan [1] - On August 1, 2025, the net inflow of main funds was 6.284 million yuan, accounting for 13.9% of the total transaction amount, while retail investors experienced a net outflow of 3.1752 million yuan, representing 7.02% of the total transaction amount [1] - The company's main business includes the production and sales of various petrochemical products such as polypropylene, liquefied gas, and industrial hydrogen peroxide [2] Group 2 - Maohua Shihua's total market value is 2.163 billion yuan, significantly lower than the industry average of 182.29 billion yuan, ranking 20th in the industry [2] - The company reported a net profit of -35.0679 million yuan for Q1 2025, a year-on-year decrease of 34.0% in main revenue, while the net profit margin stands at -4.9%, ranking 19th in the industry [2] - The company's debt ratio is 68.77%, indicating a relatively high level of leverage compared to industry standards [2]

Market Overview - The refining and trading sector experienced a decline of 0.7% on July 31, with Qixiang Tengda leading the drop [1] - The Shanghai Composite Index closed at 3573.21, down 1.18%, while the Shenzhen Component Index closed at 11009.77, down 1.73% [1] Stock Performance - Notable stock performances included: - Unification Holdings (600506) closed at 19.62, up 1.13% with a trading volume of 83,300 shares and a turnover of 164 million yuan [1] - Bohai Chemical (600800) closed at 4.02, up 0.50% with a trading volume of 365,100 shares [1] - China Petroleum (601857) closed at 8.87, down 0.11% with a trading volume of 1,751,300 shares and a turnover of 1.548 billion yuan [1] - Qixiang Tengda (002408) closed at 5.04, down 5.26% with a trading volume of 565,300 shares and a turnover of 288 million yuan [2] Capital Flow - The refining and trading sector saw a net inflow of 11.88 million yuan from institutional investors, while retail investors experienced a net outflow of 55.74 million yuan [2] - Major stocks with significant capital flow included: - China Petroleum had a net inflow of 1.44 billion yuan from institutional investors, but a net outflow of 90.02 million yuan from retail investors [3] - China Sinopec (600028) had a net inflow of 117 million yuan from institutional investors, with a net outflow of 67.65 million yuan from retail investors [3]

Core Viewpoint - The stock of Maohua Shihua (000637) has shown fluctuations in trading volume and capital flow, with a recent closing price of 4.2 yuan, reflecting a slight increase of 0.48% on July 30, 2025. The company is facing challenges in its financial performance, particularly in revenue and profitability metrics [1][2]. Financial Performance - For Q1 2025, Maohua Shihua reported a main business revenue of 788 million yuan, a year-on-year decline of 34.0% [2] - The net profit attributable to shareholders was -35.07 million yuan, which represents a year-on-year increase of 20.28% in losses [2] - The company’s gross profit margin stands at 3.6%, significantly lower than the industry average of 20.71% [2] - The debt ratio is reported at 68.77%, indicating a high level of leverage [2] Market Position - Maohua Shihua's total market capitalization is 2.183 billion yuan, ranking 20th in the petroleum industry, which has an average market cap of 189.169 billion yuan [2] - The company’s price-to-earnings ratio is -15.57, compared to the industry average of 24.69, indicating negative earnings [2] - The return on equity (ROE) is -5.56%, placing it 19th in the industry [2] Capital Flow Analysis - On July 30, 2025, the net outflow of main funds was 3.9815 million yuan, accounting for 5.99% of the total transaction amount [1] - Retail investors showed a net inflow of 338,500 yuan, representing 0.51% of the total transaction amount [1] - Over the past five days, the stock has experienced varying levels of capital inflow and outflow, indicating mixed investor sentiment [1]

Core Viewpoint - The stock of Maohua Shihua (000637) has shown a slight increase, but the financial performance indicates significant challenges, particularly in revenue and profitability metrics [1][2]. Financial Performance - As of the first quarter of 2025, Maohua Shihua reported a main revenue of 788 million yuan, a year-on-year decrease of 34.0% [2]. - The net profit attributable to shareholders was -35.07 million yuan, which represents a year-on-year increase of 20.28% in losses [2]. - The company’s gross profit margin stands at 3.6%, significantly lower than the industry average of 20.82% [2]. - The debt ratio is reported at 68.77%, indicating a high level of leverage [2]. Market Position - Maohua Shihua's total market capitalization is 2.168 billion yuan, ranking 20th in the oil industry [2]. - The company has a negative price-to-earnings ratio of -15.45, compared to the industry average of 26.07 [2]. - The return on equity (ROE) is -5.56%, placing it 19th in the industry [2]. Capital Flow - On July 16, 2025, the stock closed at 4.17 yuan, with a trading volume of 103,400 hands and a total transaction amount of 43.14 million yuan [1]. - The net outflow of main funds was 4.71 million yuan, accounting for 10.91% of the total transaction amount, while retail investors saw a net inflow of 9.55 million yuan, representing 22.15% of the total [1].