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].

[Maohua Shihua 2025 Semi-Annual Performance Forecast](index=1&type=section&id=Maoming%20Petrochemical%20Shihua%20Co.%2C%20Ltd.%202025%20Semi-Annual%20Performance%20Forecast) [Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates continued losses in the first half of 2025, with net profit attributable to shareholders projected to be a loss of **RMB 73 million to RMB 88 million**, representing a year-on-year reduction in loss of **6.48% to 22.42%** 2025 Semi-Annual Performance Forecast | Item | Current Reporting Period (RMB) | Prior Year Same Period (RMB) | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Loss: 73 million – 88 million | Loss: 94.0952 million | | | Year-on-year reduction in loss: 6.48%-22.42% | | | **Net Profit After Non-Recurring Items** | Loss: 71 million – 85 million | Loss: 94.7022 million | | | Year-on-year reduction in loss: 10.24%-25.03% | | | **Basic Earnings Per Share** | Loss: 0.14/share - 0.17/share | Loss: 0.18/share | - This performance forecast covers the period from **January 1, 2025, to June 30, 2025**[3](index=3&type=chunk) [Communication with Accounting Firm](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firm) The financial data in this performance forecast represents preliminary estimates by the company's finance department and has not yet been audited by a certified public accountant - The data in this performance forecast is a preliminary estimate by the company's finance department and has not been audited by a certified public accountant[3](index=3&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) The loss is primarily due to challenges in two business segments: the chemical business experienced reduced production, sales, and profit margins due to equipment maintenance and raw material shortages; the Beijing Ocean Park business saw a decline in revenue and profitability due to market factors and renovation - The main chemical business faces severe challenges, with some facilities not operating at full capacity due to steam outage for maintenance and raw material shortages, leading to a year-on-year decline in production, sales, selling prices, and gross margins for certain chemical products[5](index=5&type=chunk) - Although Beijing Ocean Park's operations are normal, both revenue and profitability have significantly decreased due to market factors and theater renovation[5](index=5&type=chunk) [Other Explanations](index=2&type=section&id=IV.%20Other%20Explanations) The final detailed financial data will be disclosed in the company's official 2025 semi-annual report, and the company advises investors to be aware of potential investment risks - Specific data for the 2025 semi-annual performance will be detailed in the company's 2025 semi-annual report, and investors are advised to note investment risks[6](index=6&type=chunk)

Market Overview - The Shanghai Composite Index rose by 1.04% on June 25, with 28 out of 31 sectors experiencing gains, led by non-bank financials and defense industries, which increased by 4.46% and 3.36% respectively [1] - The oil and petrochemical sector saw a decline of 0.57%, with a net outflow of 374 million yuan in capital [1] Oil and Petrochemical Sector Analysis - Within the oil and petrochemical sector, there are 48 stocks, with 19 rising and 28 falling, including 2 hitting the daily limit down [1] - The top three stocks with the highest net capital outflow are China Petroleum (-69.17 million yuan), Maohua Shihua (-63.72 million yuan), and Beiken Energy (-52.66 million yuan) [1] - The stocks with the highest net capital inflow include Intercontinental Oil and Gas (40.94 million yuan), Shanghai Petrochemical (18.95 million yuan), and PetroChina Oilfield Services (17.70 million yuan) [1] Capital Flow Summary - The following table summarizes the capital flow and performance of key stocks in the oil and petrochemical sector: | Code | Name | Price Change (%) | Turnover Rate (%) | Main Capital Flow (10,000 yuan) | |--------|--------------------|------------------|-------------------|----------------------------------| | 601857 | China Petroleum | -0.23 | 0.09 | -691.67 | | 000637 | Maohua Shihua | -9.96 | 16.35 | -637.17 | | 002828 | Beiken Energy | -9.69 | 41.32 | -526.63 | | 603619 | Zhongman Petroleum | -6.41 | 14.21 | -490.73 | | 000554 | Taishan Petroleum | -7.47 | 24.85 | -450.74 | | 600938 | China Offshore Oil | 0.31 | 1.14 | -421.91 | | 600256 | Guanghui Energy | 0.17 | 0.86 | -374.03 | | 300191 | Qianeng Hengxin | -0.96 | 8.45 | -296.05 | | 601808 | CNOOC Services | -0.22 | 0.53 | -248.34 | | 000096 | Guangju Energy | -0.53 | 2.69 | -192.31 | | 600506 | Unification Shares | -0.25 | 8.99 | -147.43 | | 000059 | Huajin Shares | 0.38 | 1.68 | -120.16 | | 300135 | Baoli International | -0.98 | 4.17 | -92.08 | | 002207 | Zhun Oil Shares | -9.98 | 1.96 | -83.15 | | 300055 | Wanbangda | -0.35 | 3.36 | -81.01 | | 600968 | CNOOC Development | 2.17 | 0.52 | -72.78 | | 002629 | Renzhi Shares | 0.35 | 5.55 | -63.25 | | 601233 | Tongkun Shares | 0.56 | 0.76 | -56.85 | | 600346 | Hengli Petrochemical | -0.21 | 0.18 | -56.52 | | 000301 | Dongfang Shenghong | 0.60 | 0.25 | -52.87 | | 000698 | Shenyang Chemical | -2.07 | 4.10 | -49.12 | | 300164 | Tongyuan Petroleum | -6.46 | 37.16 | -43.97 | | 603727 | Bomaike | -0.54 | 1.40 | -34.13 | | 002986 | Yuxin Shares | -0.69 | 2.27 | -21.43 | | 603353 | Heshun Petroleum | -3.11 | 7.16 | -18.35 | | 000985 | Daqing Huake | -0.22 | 3.86 | -16.92 | | 600339 | Zhongyou Engineering | 0.30 | 1.32 | -1.37 | | 000968 | Lanyan Holdings | -2.43 | 5.83 | 0.31 | | 600387 | Delisted Haiyue | -1.14 | 2.37 | 3.77 | | 603223 | Hengtong Shares | 2.91 | 2.00 | 5.31 | | 000819 | Yueyang Xingchang | -1.86 | 1.93 | 5.81 | [1][2]

证券代码：000637 证券简称：茂化实华 公告编号：2025-027 针对公司股票交易异常波动，公司董事会对有关事项进 行了核查，并以书面函件及通讯问询等方式，对公司控股股 东及实际控制人就相关问题进行了核实，现将有关情况说明 如下： （一）公司前期披露的信息不存在需要更正、补充之处。 （二）公司未发现近期公共传媒报道了可能或已经对本 公司股票交易价格产生较大影响的未公开重大信息。 （三）公司近期生产经营情况及内外部经营环境未发生 茂名石化实华股份有限公司 关于股票交易异常波动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 一、公司股票交易异常波动情况 茂名石化实华股份有限公司（以下简称：公司或本公司； 证券简称：茂化实华；证券代码：000637）A 股股票于 2025 年 6 月 24 日、2025 年 6 月 25 日连续两个交易日内收盘价格 跌幅偏离值累计-22.26%，根据《深圳证券交易所交易规则》 的相关规定，属于股票交易异常波动。 二、公司关注、核实的情况 特此公告。 - 1 - 重大变化，公司生产经营正常。 （四）经公司控股股东、实际控 ...