Core Viewpoint - The stock of Maohua Shihua (000637) has shown a recent increase in price, with a closing price of 4.42 yuan on January 19, 2026, reflecting a 3.27% rise, amidst mixed capital flow dynamics [1]. Group 1: Stock Performance - On January 19, 2026, Maohua Shihua's stock closed at 4.42 yuan, with a trading volume of 110,300 hands and a total transaction amount of 48.12 million yuan [1]. - The stock experienced a net inflow of 286,300 yuan from main funds, accounting for 0.59% of the total transaction amount, while retail investors saw a net inflow of 585,660 yuan, representing 12.17% of the total [1]. - Over the past five days, the stock has fluctuated, with a notable drop of 1.83% on January 16, 2026, and a significant net outflow of 6.48 million yuan from main funds on that day [2]. Group 2: Financial Metrics and Industry Comparison - Maohua Shihua's total market capitalization is 2.298 billion yuan, significantly lower than the industry average of 214.888 billion yuan [3]. - The company reported a net profit of -93.73 million yuan for the first three quarters of 2025, which is an 18.15% increase year-on-year, despite a 19.24% decline in main operating revenue to 2.304 billion yuan [3]. - The company's gross profit margin stands at 2.51%, which is considerably below the industry average of 18.66%, indicating challenges in profitability [3].

Group 1 - The refining and trading sector increased by 1.46% on January 19, with Bohai Chemical leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] - Key stocks in the refining and trading sector showed significant price increases, with Bohai Chemical rising by 10.02% to a closing price of 4.50 [1] Group 2 - The main capital flow in the refining and trading sector saw a net inflow of 562 million yuan, while retail investors experienced a net outflow of 475 million yuan [2] - Notable stock performances included Hengli Petrochemical, which rose by 6.91% to a closing price of 25.08, and Runbei Hangke, which increased by 6.04% to 42.13 [1][2] - The trading volume for Bohai Chemical reached 956,500 shares, contributing to a transaction value of 413 million yuan [1]

Market Overview - The refining and trading sector experienced a decline of 1.61% on January 16, with Taishan Petroleum leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Stock Performance - Notable gainers in the refining and trading sector included: - Heshun Petroleum (603353) with a closing price of 31.98, up 5.58% [1] - Bohai Chemical (600800) at 4.09, up 4.07% [1] - Baomo Co. (002476) at 7.42, up 3.34% [1] - Conversely, significant decliners included: - Taishan Petroleum (000554) at 6.84, down 3.39% [2] - Qixiang Tengda (002408) at 4.91, down 2.96% [2] - Tongkun Co. (601233) at 18.41, down 2.07% [2] Capital Flow - The refining and trading sector saw a net outflow of 226 million yuan from main funds, while speculative funds had a net inflow of 209 million yuan, and retail investors saw a net inflow of 17.16 million yuan [2] - Key stocks with significant capital flow included: - Baomo Co. (002476) with a main fund net inflow of 27.68 million yuan [3] - Guanghui Energy (600256) with a main fund net inflow of 25.49 million yuan [3] - Bohai Chemical (600800) with a main fund net inflow of 23.69 million yuan [3]

Core Viewpoint - The stock of Maohua Shihua (000637) has shown a decline in price and mixed capital flow trends, indicating potential challenges in its financial performance and market perception [1][2]. Group 1: Stock Performance - As of January 12, 2026, Maohua Shihua's stock closed at 4.35 yuan, down 0.68% with a turnover rate of 4.34% and a trading volume of 158,400 hands, resulting in a transaction amount of 68.7484 million yuan [1]. - Over the past five days, the stock has experienced fluctuations, with a peak closing price of 4.38 yuan on January 9, 2026, reflecting a 2.58% increase, followed by a decline to 4.20 yuan on January 7, 2026, which was a 3.23% decrease [2]. Group 2: Capital Flow Analysis - On January 12, 2026, the net outflow of main funds was 245,900 yuan, accounting for 0.36% of the total transaction amount, while retail funds saw a net inflow of 768,140 yuan, representing 11.17% of the total [1]. - The data from January 9, 2026, indicated a significant net outflow of main funds at 3.6067 million yuan, with retail funds showing a minor net inflow of 366,900 yuan [2]. Group 3: Financial Metrics and Industry Comparison - Maohua Shihua's total market capitalization is 2.261 billion yuan, with a net asset value of 658 million yuan, and a net profit of -93.7306 million yuan, indicating a challenging financial position compared to the industry average [3]. - The company's price-to-earnings ratio (P/E) stands at -18.1, while the industry average is 36.03, and the price-to-book ratio (P/B) is 4.08 compared to the industry average of 2.58 [3]. - The gross margin for Maohua Shihua is 2.51%, significantly lower than the industry average of 18.66%, and the net margin is -4.55%, contrasting with the industry average of 4.47% [3].

Group 1 - The company, Maohua Shihua (000637), stated that as of December 31, 2025, the number of shareholders is expected to reach 23,679 [1]

Group 1 - The stock of Maohua Shihua (000637) closed at 4.34 yuan on January 6, 2026, with an increase of 1.17% and a turnover rate of 4.09% [1] - The net inflow of main funds on January 6 was 3.85 million yuan, accounting for 5.94% of the total transaction amount, while retail investors had a net outflow of 3.377 million yuan, representing 5.21% of the total [1][2] - The company's main business includes the production and sales of petrochemical products such as polypropylene, liquefied gas, and industrial hydrogen peroxide [2] Group 2 - For the first three quarters of 2025, Maohua Shihua reported a main revenue of 2.304 billion yuan, a year-on-year decrease of 19.24%, and a net profit attributable to shareholders of -93.73 million yuan, an increase of 18.15% year-on-year [2] - The company's debt ratio stands at 68.65%, with investment income of 2.4289 million yuan and financial expenses of 26.5739 million yuan [2] - The gross profit margin for the company is reported at 2.51% [2]

Core Viewpoint - The company Maohua Shihua (000637) has reported a decline in revenue and a negative net profit for the first three quarters of 2025, indicating potential challenges in its financial performance and market position [2]. Financial Performance - For the first three quarters of 2025, the company's main revenue was 2.304 billion yuan, a year-on-year decrease of 19.24% [2]. - The net profit attributable to shareholders was -93.73 million yuan, which represents an increase of 18.15% year-on-year [2]. - The net profit excluding non-recurring items was -109 million yuan, showing a year-on-year increase of 7.18% [2]. - In Q3 2025, the company's single-quarter main revenue was 823 million yuan, down 11.88% year-on-year [2]. - The single-quarter net profit attributable to shareholders was -11.07 million yuan, reflecting a year-on-year increase of 45.76% [2]. - The single-quarter net profit excluding non-recurring items was -284.11 million yuan, down 27.84% year-on-year [2]. - The company's debt ratio stood at 68.65% [2]. - Investment income was 2.4289 million yuan, while financial expenses amounted to 26.5739 million yuan [2]. - The gross profit margin was 2.51% [2]. Market Activity - As of January 5, 2026, the stock price closed at 4.29 yuan, down 0.23% [1]. - The turnover rate was 3.15%, with a trading volume of 114,900 hands and a transaction amount of 49.8768 million yuan [1]. - On January 5, the net inflow of main funds was 6.3306 million yuan, accounting for 12.69% of the total transaction amount [1]. - The net inflow of speculative funds was 3.5611 million yuan, representing 7.14% of the total transaction amount [1]. - Retail investors experienced a net outflow of 9.8916 million yuan, which was 19.83% of the total transaction amount [1].

整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.案件所处的诉讼阶段：二审 2.上市公司所处的当事人地位：上诉人、被上诉人（二） 证券代码：000637 证券简称：茂化实华 公告编号：2026-001 茂名石化实华股份有限公司 关于公司涉及诉讼的进展公告（二） 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 3.涉案金额：4250 万元及利息 4.对上市公司损益产生的影响：暂无 一、本次诉讼事项受理的基本情况 原 告：广东华兴银行股份有限公司江门分行 被告一：茂名市晶惠石油化工有限公司 被告五：赵飞飞 - 1 - 被告二：茂名石化实华股份有限公司 被告三：李晶惠 被告四：李双 具体内容详见公司于 2023 年 2 月 16 日在巨潮资讯网披 露的《茂名石化实华股份有限公司关于公司涉及诉讼的公告》 （公告编号：2023-007）。 二、有关本案的基本情况 广东华兴银行股份有限公司江门分行（以下简称华兴银 行）于 2023 年 1 月以金融借款纠纷为由起诉公司，请求公 司对茂名市晶惠石油化工有限公司（以下简称晶惠公司）应 偿还的银行承兑汇票本金 4250 万元承担退款责任，并支付 滞纳金直到全 ...

Core Viewpoint - The stock of Maohua Shihua (000637) has shown a decline in both price and trading volume, indicating a negative trend in investor sentiment and market performance as of December 30, 2025 [1][2]. Financial Performance - As of the third quarter of 2025, Maohua Shihua reported a main business revenue of 2.304 billion yuan, a year-on-year decrease of 19.24% [3]. - The net profit attributable to shareholders was -93.73 million yuan, which represents an increase of 18.15% year-on-year [3]. - The company’s gross profit margin stands at 2.51%, significantly lower than the industry average of 18.66% [3]. - The debt ratio is reported at 68.65%, indicating a high level of leverage [3]. Market Activity - On December 30, 2025, the stock closed at 4.33 yuan, down 0.46%, with a trading volume of 93,400 hands and a total transaction amount of 40.5631 million yuan [1]. - The net inflow of main funds was 937,800 yuan, accounting for 2.31% of the total transaction amount, while retail investors showed a net outflow of 743,600 yuan, representing 1.83% of the total [1][2]. Industry Comparison - Maohua Shihua's total market capitalization is 2.251 billion yuan, compared to the industry average of 221.232 billion yuan [3]. - The company's price-to-earnings ratio (P/E) is -18.01, while the industry average is 34.65, indicating a significant underperformance relative to peers [3]. - The return on equity (ROE) for Maohua Shihua is -15.58%, contrasting sharply with the industry average of 1.3% [3].

Core Viewpoint - The financial performance of Maohua Shihua (000637) shows a decline in revenue and a negative net profit for the first three quarters of 2025, indicating potential challenges in the chemical industry segment [2]. Financial Performance Summary - For the first three quarters of 2025, the company's main revenue was 2.304 billion yuan, a year-on-year decrease of 19.24% [2]. - The net profit attributable to shareholders was -93.73 million yuan, which represents an increase of 18.15% year-on-year [2]. - The net profit excluding non-recurring items was -109 million yuan, showing a year-on-year increase of 7.18% [2]. - In Q3 2025, the company's single-quarter main revenue was 823 million yuan, down 11.88% year-on-year [2]. - The single-quarter net profit attributable to shareholders was -11.07 million yuan, reflecting a year-on-year increase of 45.76% [2]. - The single-quarter net profit excluding non-recurring items was -284.11 million yuan, down 27.84% year-on-year [2]. - The company's debt ratio stood at 68.65%, with investment income of 2.4289 million yuan and financial expenses of 26.5739 million yuan [2]. - The gross profit margin was 2.51% [2]. Business Overview - Maohua Shihua's main business includes the production and sales of petrochemical products such as polypropylene (powder), liquefied gas, special white oil, MTBE, isobutane, ethanolamine, industrial hydrogen peroxide (27.5%/35%), dicyclopentadiene, hydrogenated carbon nine, petroleum resin, naphthalene, and heavy residual oil [2].