Industry Overview - China is the largest producer and consumer of liquid ammonia, with an estimated production of approximately 62.1 million tons in 2024, representing a year-on-year growth of 2.39% [1][13] - The stable agricultural demand is a key factor supporting the growth of liquid ammonia production, as it is a core raw material for nitrogen fertilizer [1][13] - China's total grain production is expected to reach a new high of over 1.4 trillion jin in 2024, which directly drives the demand for nitrogen fertilizers and subsequently boosts liquid ammonia production [1][13] - The recovery of industrial demand, particularly in the chemical and refrigeration sectors, is also contributing to the growth of liquid ammonia production [1][13] Industry Development History - The development of China's liquid ammonia industry has gone through four stages, starting from the establishment of the first synthetic ammonia production workshop in 1935 [4][5] - The industry expanded significantly from the 1950s to the 1970s, with applications extending to lawn maintenance and greenhouse planting [5] - From the 1970s to 2015, the industry faced strict environmental regulations, leading to technological innovations and the development of more environmentally friendly production methods [5][6] - Since 2015, the industry has been undergoing a transformation towards green ammonia production, utilizing renewable energy sources [6][7] Industry Chain - The upstream of the liquid ammonia industry includes raw materials such as coal, natural gas, and production equipment [9] - The midstream involves the manufacturing process of liquid ammonia, while the downstream applications span agriculture, industry, and new energy sectors [9] Market Size - The stable growth in grain production and the recovery of industrial demand are expected to drive liquid ammonia production in 2024 [1][13] - The price of liquid ammonia in April 2025 was reported at 2,650 yuan per ton, reflecting a month-on-month increase of 3.52% but a year-on-year decrease of 13.96% [15] Key Enterprises - The competitive landscape of the liquid ammonia industry is characterized by a concentration of leading companies such as Yuntianhua, Hubei Yihua, and Hualu Hengsheng, which dominate the market [17] - These leading enterprises are extending their operations upstream to raw material production and downstream to fertilizer and chemical markets, forming a closed loop from raw materials to production and application [17] Industry Development Trends - The industry is accelerating its transition to green and low-carbon production methods, with green ammonia technology becoming a key breakthrough [23][25] - There is a trend towards deeper capacity integration, with leading companies expanding their market share through mergers and acquisitions [24][25] - The demand for liquid ammonia in the new energy sector is rising, with its potential applications in energy storage and shipping becoming increasingly significant [26]

证券代码：000912 证券简称：泸天化 公告编号：2025-039 四川泸天化股份有限公司 关于增加 2024 年度股东会临时提案 暨召开 2024 年度股东会补充通知的 公 告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述 或重大遗漏。 四川泸天化股份有限公司（以下简称"公司"或"本公司"）于 2025 年 4 月 24 日召开的第八届董事会第十次会议审议通过了《关于召开 2024 年度股东会的议案》， 并于 2025 年 4 月 26 日在《中国证券报》《证券时报》《上海证券报》及巨潮资讯 网（http://www.cninfo.com.cn）上刊发了《四川泸天化股份有限公司关于召开 2024 年度股东会的通知》（公告编号：2025-022），定于 2025 年 6 月 27 日以现场表决 与网络投票相结合的方式召开 2024 年度股东会。 2025 年 6 月 12 日，公司董事会分别收到持股 1%以上股东泸天化（集团）有限 责任公司（以下简称"泸天化集团"）和中国银行股份有限公司泸州分行（以下简 称"中国银行泸州分行"）发来的《关于增加股东会临时提案的函》。其中，泸 ...

Group 1 - The board of directors of Sichuan Lutianhua Co., Ltd. held its 13th temporary meeting of the 8th session on June 9, 2025, with all 9 directors present, confirming the legality and validity of the meeting [1][2] - The board approved the election of Mr. Ma Weimin as an independent director, as the current independent director has reached the maximum term limit of 6 years as per the regulations [1][2] - The qualifications of the independent director candidate Mr. Ma Weimin will be subject to review by the Shenzhen Stock Exchange before being submitted for shareholder meeting approval [1]

关于选举马卫民先生任公司独立董事事项尚需提请股东会审议。因此，如经 股东会选举通过，马卫民先生的任职期限自股东会审议通过之日起至公司第八届 董事会任期届满日止。 二、董事会成员结构 证券代码：000912 证券简称：泸天化 公告编号：2025-036 四川泸天化股份有限公司 关于选举马卫民先生任公司独立董事的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性 陈述或重大遗漏。 一、基本情况 公司独立董事益智先生已经连续任职满 6 年，达到中国证监会《上市公司独 立董事管理办法》（证监会令第 220 号）（以下简称"《办法》"）规定的任职年限 上限。 根据《办法》和《公司章程》等有关规定，公司董事会提名委员会对独立董 事候选人马卫民先生的任职资格进行了审查，认为马卫民先生（简历附后）具备 担任公司独立董事的资格和条件，提名马卫民先生为公司第八届董事会独立董事 候选人并提请公司董事会审议。详情请见公司在《中国证券报》《证券时报》《上 海证券报》和巨潮资讯网（www.cninfo.com.cn）披露的《四川泸天化股份有限 公司第八届董事会第十三次临时会议决议公告》（2025-035）。 ...

四川泸天化股份有限公司 独立董事提名人声明与承诺 提名人四川泸天化股份有限公司董事会现就提名马卫民先生为四川泸天化股份 有限公司第八届董事会独立董事候选人发表公开声明。被提名人已书面同意作为四 川泸天化股份有限公司第八届董事会独立董事候选人（参见该独立董事候选人声明）。 本次提名是在充分了解被提名人职业、学历、职称、详细的工作经历、全部兼职、 有无重大失信等不良记录等情况后作出的，本提名人认为被提名人符合相关法律、 行政法规、部门规章、规范性文件和深圳证券交易所业务规则对独立董事候选人任 职资格及独立性的要求，具体声明并承诺如下事项： 一、被提名人已经通过四川泸天化股份有限公司第八届董事会提名委员会及独 立董事专门会议资格审查，提名人与被提名人不存在利害关系或者其他可能影响独 立履职情形的密切关系。 是 否 如否，请详细说明：______________________________ 二、被提名人不存在《中华人民共和国公司法》第一百七十八条等规定不得担 任公司董事的情形。 是 否 如否，请详细说明：______________________________ 三、被提名人符合中国证监会《上市公司独立董事管理 ...

证券代码：000912 证券简称：泸天化 公告编号：2025-038 如否，请详细说明：______________________________ 二、本人不存在《中华人民共和国公司法》第一百七十八条等规定不得担任公 司董事的情形。 是 □ 否 如否，请详细说明：______________________________ 三、本人符合中国证监会《上市公司独立董事管理办法》和深圳证券交易所业 务规则规定的独立董事任职资格和条件。 是 □ 否 四川泸天化股份有限公司 独立董事候选人声明与承诺 声明人马卫民作为四川泸天化股份有限公司第八届董事会独立董事候选人，已 充分了解并同意由提名人四川泸天化股份有限公司董事会提名为四川泸天化股份有 限公司第八届董事会独立董事候选人。现公开声明和保证，本人与该公司之间不存 在任何影响本人独立性的关系，且符合相关法律、行政法规、部门规章、规范性文 件和深圳证券交易所业务规则对独立董事候选人任职资格及独立性的要求，具体声 明并承诺如下事项： 一、本人已经通过四川泸天化股份有限公司第八届董事会提名委员会及独立董 事专门会议资格审查，提名人与本人不存在利害关系或者其他可能影响独立履职 ...

证券代码：000912 证券简称：泸天化 公告编号：2025-035 四川泸天化股份有限公司 第八届董事会第十三次临时会议决议公告 公司独立董事益智先生已经连续任职满 6 年，达到中国证监会《上市公司独 立董事管理办法》规定的任职年限上限。 公司独立董事候选人马卫民先生任职资格需经深圳证券交易所审核无异议 后方可提交股东会审议。具体内容详见同日公告。 表决结果：9 票同意，0 票反对，0 票弃权。 三、备查文件 本公司及董事会全体成员保证公告内容的真实、准确和完整，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 四川泸天化股份有限公司（以下简称"公司"）董事会办公室于 2025 年 6 月 3 日以电子邮件的方式向公司全体董事发出召开第八届董事会第十三次临时 会议的通知。会议于 2025 年 6 月 9 日上午 10:00 以通讯方式如期召开。会议应 出席董事 9 人，亲自出席董事 9 人。会议由董事长廖廷君先生主持，会议的召集、 召开程序以及出席人数符合《公司法》和《公司章程》的有关规定，合法有效。 二、董事会会议表决情况 会议以通讯表决的方式审议通过以下议案： 《关于选举马卫民先生任公司独 ...

证券代码：000912 证券简称：泸天化 公告编号：2025-034 四川泸天化股份有限公司 一、回购股份的进展情况 （一）2025年5月1日至5月31日，公司未实施股份回购。 （二）2024年7月15日至2025年5月31日，公司通过股份回购专用证券账户以 集中竞价方式回购公司股份23,595,637股，约占公司目前总股本的1.505%，最高 成交价4.595元/股，最低成交价3.44元/股，成交总金额89,052,211.8元（不含 交易费用）。回购股份符合相关法律法规及公司既定的股份回购方案之规定。 关于回购公司股份进展公告 二、其他说明 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性 陈述或重大遗漏。 公司回购股份的时间、回购股份的数量及集中竞价交易的委托时段等均符合 《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第9号—回 购股份》及公司回购股份方案的相关规定。具体情况如下： 四川泸天化股份有限公司（以下简称"公司"）于2024年6月20日召开2023 年度股东大会，审议通过了《四川泸天化股份有限公司回购股份方案》，同意公 司使用自有资金以集中竞价交易方式回 ...

Group 1 - The core point of the article is that Luzhou Tianhua plans to acquire 100% equity of Luzhou Hongsheng Chemical Park Operation Service Co., Ltd. from its affiliate, Jin Tianhong Company, to expedite the construction of a green fine chemical project [1] - The green fine chemical project has an annual capacity of 100,000 tons and is located in the western area of the Luzhou Tianhua Chemical Park, covering approximately 325 acres [1] - The estimated price for the acquisition of relevant equipment and facilities is 79.7251 million yuan, with a subsequent payment of approximately 270 million yuan for the remaining 40% of the transfer fee [1] Group 2 - Luzhou Tianhua plans to utilize the land of Luzhou Hongsheng to develop green fine chemical industries, new fertilizer industries, and establish research and development experimental bases [2] - The company aims to create a combination effect of research, experimentation, and production to form new profit growth points [2] - This strategy will support the establishment of an industrial cycle involving new efficient fertilizers, crop planting processing, fine chemical product production, potassium mining, and new efficient fertilizers [2]

Core Viewpoint - Sichuan Lutianhua Co., Ltd. plans to acquire 100% equity of Luzhou Hongsheng Chemical Park Operation Service Co., Ltd. from its controlling shareholder, Luzhou Tianhua Group, for a transaction price of 676 million yuan, aiming to secure land assets for the implementation of chemical projects [1][4][6]. Group 1: Acquisition Details - The acquisition involves Luzhou Hongsheng, which was established in November 2022 with a registered capital of 360 million yuan, primarily providing park management and heat production services [5]. - The total assets of Luzhou Hongsheng are reported at 335.97 million yuan, with a net asset value of 335.77 million yuan, and an assessed value of 675.88 million yuan, indicating an appreciation rate of 101.29% [5][6]. - The land acquired is intended for the construction of a 100,000 tons/year green fine chemical project, which is part of the company's strategy to expedite project development and reduce initial investment costs [6][9]. Group 2: Financial Performance - Lutianhua's revenue and net profit have shown a declining trend in recent years, with revenues of 7.53 billion yuan in 2022, 6.42 billion yuan in 2023, and projected 5.07 billion yuan in 2024, reflecting year-on-year changes of 11.57%, -14.81%, and -21.02% respectively [7][8]. - The net profit attributable to shareholders has also decreased significantly, from 367 million yuan in 2022 to 76.3 million yuan in 2024, with year-on-year declines of -17.68%, -59.15%, and -49.17% [7][8]. - In the first quarter of 2024, the company reported a revenue of 1.50 billion yuan, a year-on-year increase of 16.64%, and a net profit of 36.83 million yuan, up 10.26% [8][9]. Group 3: Strategic Shift - The company is transitioning from traditional fertilizer business to the green chemical sector, with plans to invest 1.171 billion yuan in the green chemical project, expected to generate an internal rate of return of 9.41% and average annual sales revenue of 993 million yuan [9]. - The acquisition of Luzhou Hongsheng's land is a crucial step in facilitating the establishment of this green chemical project [9].