Core Viewpoint - Shandong Haihua (000822.SZ) reported a significant decline in revenue and profit for Q1 2025, indicating financial distress and underperformance compared to peers [1][3]. Financial Performance - The company's total revenue for Q1 2025 was 1.024 billion yuan, a decrease of 820 million yuan, representing a year-on-year decline of 44.46% [1]. - The net profit attributable to shareholders was -66.5246 million yuan, down by 222 million yuan, reflecting a year-on-year decrease of 142.75% [1]. - Operating cash flow showed a net inflow of 49.9527 million yuan, down by 192 million yuan, which is a year-on-year decline of 79.38% [1]. Financial Ratios - The latest debt-to-asset ratio stood at 39.68%, an increase of 0.07 percentage points from the previous quarter and up by 6.90 percentage points year-on-year [3]. - The gross profit margin was 11.47%, down by 2.51 percentage points from the previous quarter and down by 6.77 percentage points year-on-year [3]. - Return on equity (ROE) was -1.30%, a decrease of 4.21 percentage points compared to the same period last year [3]. Earnings Per Share and Turnover - The diluted earnings per share were -0.07 yuan, a decrease of 0.24 yuan, reflecting a year-on-year decline of 141.18% [3]. - The total asset turnover ratio was 0.12 times, down by 0.11 times year-on-year, representing a decline of 48.03% [3]. - The inventory turnover ratio was 1.33 times, down by 3.86 times year-on-year, indicating a decline of 74.35% [3]. Shareholder Information - The number of shareholders was 62,600, with the top ten shareholders holding 395 million shares, accounting for 44.16% of the total share capital [3]. - The largest shareholder, Shandong Haihua Group Co., Ltd., holds 40.34% of the shares [3].

Financial Performance - The company reported a basic earnings per share of -0.0700 yuan for Q1 2025, a decrease of 141.18% compared to 0.1700 yuan in Q1 2024 and down from 0.2700 yuan in Q1 2023 [1] - The operating revenue for Q1 2025 was 10.24 billion yuan, representing a decline of 44.44% from 18.43 billion yuan in Q1 2024 and down from 23.65 billion yuan in Q1 2023 [1] - The net profit for Q1 2025 was -0.67 billion yuan, a decrease of 142.95% compared to 1.56 billion yuan in Q1 2024 and down from 2.39 billion yuan in Q1 2023 [1] - The return on equity (ROE) for Q1 2025 was -1.29%, a significant drop of 143.58% from 2.96% in Q1 2024 and down from 5.60% in Q1 2023 [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 39,531.63 million shares, accounting for 44.15% of the circulating shares, with an increase of 896.56 million shares compared to the previous period [2] - Shandong Haihua Group Co., Ltd. remains the largest shareholder with 36,104.89 million shares, maintaining its position [3] - New entrants among the top shareholders include Hu Xiujun with 699.61 million shares and several investment funds, while Chen Shucheng and others have exited the top ten list [3][4] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [5]

Financial Performance - The company's revenue for Q1 2025 was ¥1,023,637,626.89, a decrease of 44.46% compared to ¥1,843,160,390.84 in the same period last year[2] - The net profit attributable to shareholders was a loss of ¥66,524,582.55, representing a decline of 142.75% from a profit of ¥155,627,031.09 in the previous year[2] - The net cash flow from operating activities decreased by 79.38%, amounting to ¥49,952,697.52 compared to ¥242,265,285.93 in the same period last year[2] - Operating profit was recorded at -¥96,579,532.16, a stark contrast to the previous operating profit of ¥208,579,190.17[15] - Total comprehensive income amounted to -¥67,738,719.99, compared to ¥155,649,051.09 in the previous period, reflecting a substantial decrease[15] - The company's earnings per share (EPS) were -¥0.07, compared to ¥0.17 in the previous period[15] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥8,479,760,537.46, down 1.15% from ¥8,577,987,544.86 at the end of the previous year[2] - The total assets decreased to CNY 8,479,760,537.46 from CNY 8,577,987,544.86, a decline of approximately 1.1%[13] - The total liabilities decreased to CNY 3,364,378,917.00 from CNY 3,397,182,023.15, reflecting a reduction of about 1.0%[13] Inventory and Operating Costs - Inventory increased by 39.06% to ¥791,613,985.32, primarily due to an increase in the stock of main products[5] - The company's operating costs decreased by 39.86% to ¥906,253,058.75, attributed to a reduction in sales volume[5] - The total operating costs for the current period amount to CNY 1,053,182,018.47, down from CNY 1,638,544,378.92, reflecting a reduction of about 35.7%[14] - Inventory levels increased to CNY 791,613,985.32 from CNY 569,278,078.32, representing a growth of about 39.1%[11] Cash Flow - The company’s cash and cash equivalents at the end of the period were ¥2,209,871,155.53, a decrease from ¥1,147,646,006.83 at the end of the previous period[19] - The company received cash from sales of goods and services totaling ¥1,154,359,715.73, down from ¥1,535,232,024.52 in the previous period[18] - Investment activities resulted in a net cash outflow of -¥29,326,087.09, compared to a net inflow of ¥11,881,541.42 in the prior period[18] - The company reported a decrease in cash flow from financing activities, with a net cash outflow of -¥27,141,929.81, compared to a net inflow of ¥21,974,907.81 in the previous period[19] Shareholder Information - The company reported a total of 62,563 common shareholders at the end of the reporting period[7] - The largest shareholder, Shandong Haohua Group Co., Ltd., holds a 40.34% stake in the company[7] Research and Development - The company reported a research and development expense of CNY 20,763,354.14, which is an increase of approximately 110.0% compared to CNY 9,825,570.75 in the previous period[14] Asset Impairment - The asset impairment loss surged by 3230.78% to ¥-83,694,717.81, mainly due to an increase in inventory write-down provisions[5] - The company experienced a significant increase in asset impairment losses, totaling -¥83,694,717.81, compared to -¥2,512,768.29 in the prior period[15]

Group 1 - The company Shandong Haihua (000822) reported a revenue of 1.024 billion yuan for the first quarter of 2025, representing a year-on-year decline of 44.46% [1] - The company incurred a net loss of 66.5246 million yuan, compared to a net profit of 156 million yuan in the same period last year [1]

Group 1 - The company received a government subsidy of 7 million yuan, which accounts for 17.85% of the latest audited net profit attributable to shareholders [2] - The subsidy is related to daily operations and is not sustainable [2] - The subsidy will be recognized as "other income" in the company's financial statements for the year 2025, positively impacting the total profit by 7 million yuan [4] Group 2 - The government subsidy is classified as income-related according to the accounting standards, which will be included in the current profit or offset related costs [3] - The accounting treatment and financial impact of the subsidy have not been audited, and the final results will be confirmed by the auditing firm [5]

一、获得补助的基本情况 证券代码：000822 证券简称：山东海化 公告编号：2025-024 山东海化股份有限公司关于获得政府补助的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 4. 风险提示和其他说明 以上会计处理及对公司财务数据的影响未经审计，最终结果将以会 计师事务所审计确认后的结果为准，敬请广大投资者注意投资风险。 近日，山东海化股份有限公司（以下简称"公司"）以现金方式收到 "2023年省级支持高质量发展奖励资金"700万元，占公司最近一期经审 计的归属于上市公司股东净利润的17.85%。上述政府补助与日常经营活动 相关，不具有可持续性。 二、补助的类型及其对公司的影响 1. 补助的类型 根据《企业会计准则第16号—政府补助》的规定，企业收到的政府补 助分为两类，一类是与资产相关的政府补助，指公司取得的、用于购建或 以其他方式形成长期资产的政府补助；一类是与收益相关的政府补助。 2. 补助的确认和计量 公司根据《企业会计准则第16号—政府补助》的相关规定区分补助类 型，其中，与资产相关的政府补助，冲减相关资产的账面价值或者确认为 递延收益， ...

登录新浪财经APP 搜索【信披】查看更多考评等级 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。 特别提示： 1．本次股东大会未出现否决议案的情形。 2．本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开情况 1. 召开时间 现场会议时间：2025年4月17日14:30 网络投票时间：2025年4月17日，其中通过深圳证券交易所交易系统进行投票的时间为2025年4月17日 9:15－9:25，9:30-11:30，13:00-15:00；通过互联网投票系统进行投票的时间为2025年4月17日9:15-15:00 期间的任意时间。 2. 现场会议地点：山东潍坊滨海经济技术开发区海化街05639号，908会议室。 3. 召开方式：现场表决+网络投票 4. 会议召集人：公司董事会 5. 会议主持人：孙令波董事长 ■ 公司董事、监事、高级管理人员及山东德衡律师事务所见证律师现场出席了本次会议。 三、议案审议和表决情况 大会以现场表决和网络投票相结合方式审议通过了以下议案，表决结果如下： 1．2024年度董事会工作报告 ■ 6．会议召开的合规性、合法性：本次 ...

证券代码：000822 证券简称：山东海化 公告编号：2025-023 山东海化股份有限公司 2024 年度股东大会决议公告 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。 特别提示： 1．本次股东大会未出现否决议案的情形。 2．本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开情况 6．会议召开的合规性、合法性：本次股东大会的召开程序符合有关 法律、行政法规、部门规章、规范性文件和公司章程的规定。 | 分 类 | 人 | 数 | 代表股数 | 占公司有表决权股 份总数的比例 | | --- | --- | --- | --- | --- | | 股东参会情况 | 553 | | 389,944,991 | 43.5648% | | 其中：中小股东参会情况 | 552 | | 28,896,113 | 3.2283% | | 现场会议出席情况 | 7 | | 362,389,978 | 40.4863% | | 参加网络投票情况 | 546 | | 27,555,013 | 3.0785% | 1. 召开时间 现场会议时间：2025 年 4 月 1 ...

山东德衡律师事务所 关于山东海化股份有限公司 2024 年年度股东大会的法律意见书 2025 年 4 月 山东德衡律师事务所 关于山东海化股份有限公司 2024年年度股东大会的法律意见书 德衡证见意见（2025）第6号 致：山东海化股份有限公司 山东德衡律师事务所（简称"本所"）接受山东海化股份有限公司（简称"公 司"）的委托，指派本所律师出席贵公司 2024 年年度股东大会（简称"本次股东 大会"），本所律师依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简 称"《股东会规则》"）、《山东海化股份有限公司章程》（以下简称"《公司章程》"） 及相关法律法规以及规范性文件的规定，就本次股东大会的有关事宜出具本法律 意见书。 Tel：（+86 532）8389 9980/8388 5959 邮编：266071 中国·青岛市香港中路 2 号海航万邦中心 1 号楼 34 层 本法律意见书仅就本次股东大会的召集和召开程序、会议召集人和出席会议 人员的资格、会议表决程序和表决结果的合法有效性等发表意见，并不对本次股 东大会所审议的议 ...

Group 1: Financial Performance - The increase in bromine prices positively impacts the company's performance, but the extent depends on the price increase rate and duration [1] - The company's performance in 2024 declined compared to the previous year, primarily due to a decrease in demand for soda ash, leading to lower sales volume and prices [1] - The company plans not to distribute dividends for 2024 to enhance core competitiveness and invest in equipment upgrades, new product development, and emerging fields [2] Group 2: Production and Capacity - The company's bromine production in 2024 is 8,076 tons, with the bromine facility operating at full capacity [1][2] - Bromine prices are currently on an upward trend, with no long-term contracts in place [1] Group 3: Research and Development - The company emphasizes the importance of R&D and technological innovation, with details available in the 2024 annual report [2]