Core Viewpoint - Zhongtai Chemical (002092) reported a decline in revenue and a net loss for the first half of 2025, indicating ongoing financial challenges for the company [1] Financial Performance - The company achieved a revenue of 13.955 billion yuan in the first half of 2025, representing a year-on-year decrease of 8.32% [1] - The net profit attributable to shareholders was a loss of 194 million yuan, an improvement from a loss of 243 million yuan in the same period last year [1]

新疆中泰化学股份有限公司 2025 年半年度报告摘要 证券代码：002092 证券简称：中泰化学 公告编号：2025-046 债券代码：148437 债券简称：23 新化 K1 新疆中泰化学股份有限公司 2025 年半年度报告摘要 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状 况及未来发展规划，投资者应当到证监会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □ 适用 √ 不适用 公司计划不派发现金红利，不送红股，不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □ 适用 √ 不适用 二、公司基本情况 1、公司简介 | 股票简称 | 中泰化学 | 股票代码 | 002092 | | --- | --- | --- | --- | | 股票上市交易所 | 深圳证券交易所 | | | | 变更前的股票简称（如有） | 中泰 ST | | | | 联系人和联系方式 | 董事会秘书 | 证券事务代表 | | | 姓名 | 薛芬 | 费翔 | | | 办公地址 | 新疆乌鲁木齐经济技术开发 | 新疆乌鲁木齐经济技术 ...

新疆中泰化学股份有限公司 XINJIANG ZHONGTAI CHEMICAL CO., LTD. 2025 年半年度报告 2025 年 08 月 新疆中泰化学股份有限公司 2025 年半年度报告 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人许鹏飞、主管会计工作负责人黄增伟及会计机构负责人(会计主管人员)黄潮 秀声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 半年度报告中所涉及的发展战略、经营计划等前瞻性陈述属于计划性事项，该计划不构 成公司对投资者的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当 理解计划、预测与承诺之间的差异，敬请投资者注意投资风险。 本公司请投资者认真阅读本半年度报告全文，并特别注意下列风险因素： 公司在生产运营中主要存在行业、环保、人才结构、安全生产等风险，敬请广大投资者 注意投资风险。详细内容见本报告"第三节管理层讨论与分析，十、公司面临的风险和应对 措施"。 公司计划 ...

Core Viewpoint - The company reported a decrease in revenue and net profit for the first half of 2025, indicating ongoing challenges in the market while implementing cost control and efficiency measures to improve profitability [2][10]. Financial Performance - Revenue for the first half of 2025 was approximately CNY 13.96 billion, a decrease of 8.32% compared to CNY 15.22 billion in the same period last year [2]. - The net profit attributable to shareholders was a loss of approximately CNY 194.13 million, an improvement of 20% from a loss of CNY 242.67 million in the previous year [2]. - The net cash flow from operating activities decreased by 54.72% to approximately CNY 1.23 billion from CNY 2.73 billion [2]. - Basic earnings per share were reported at -0.0754, an improvement of 19.96% from -0.0942 [2]. Business Operations - The company focused on quality management, cost reduction, and efficiency improvements across various operations, including procurement, production, and sales [3][4]. - The company has developed a comprehensive supply chain quality management system to enhance product quality and customer service [4]. - The company aims to expand its product offerings and optimize its product structure to meet market demands [4]. Industry Overview - The chlor-alkali chemical industry is facing challenges due to an oversupply situation, particularly in the PVC market, which is closely tied to the real estate sector [6][8]. - The caustic soda market experienced price fluctuations driven by changes in aluminum oxide demand, with expectations of increased demand in the second half of the year [8]. - The viscose fiber market is under pressure from competition with alternative fibers and overall weak demand, leading to a forecast of continued low prices [8]. Key Products and Applications - The company produces four main products: PVC resin, ion-exchange membrane caustic soda, viscose fiber, and viscose yarn, leveraging local natural resources [5][6]. - PVC is widely used in various industries, including construction, agriculture, and packaging, with a trend towards higher performance and environmentally friendly products [6]. - Viscose fiber, made from natural cellulose, is used in textiles and has applications across various sectors due to its good moisture absorption and dyeing properties [7]. Competitive Advantages - The company has established a complete integrated circular economy industrial chain, enhancing its competitive edge in resource utilization and cost management [10]. - The focus on technological innovation and collaboration with research institutions has strengthened the company's capabilities in developing new products and improving production processes [10].

Core Points - The board of directors of Xinjiang Zhongtai Chemical Co., Ltd. approved the 2025 semi-annual report and summary with unanimous support [1][2] - The report was reviewed and approved by the audit committee during the seventh board meeting of 2025 [1] - The company also approved the performance salary payout for senior management for 2024, with two related directors abstaining from the vote [2] Summary by Sections - **Board Meeting Decisions** - The board meeting held on August 10, 2025, resulted in a unanimous vote (9 in favor, 0 against, 0 abstentions) to approve the 2025 semi-annual report and summary [1] - The report will be disclosed on August 16, 2025, on the official website [1] - **Management Performance Compensation** - The board approved the performance salary payout for senior management for the year 2024 with a vote of 7 in favor, 0 against, and 0 abstentions, while two related directors recused themselves from the vote [2]

Financial Overview - The company reported a total revenue of CNY 13.96 billion for the first half of 2025, a decrease from CNY 15.22 billion in the same period of 2024, representing a decline of approximately 8.3% [3][4] - The total operating costs for the first half of 2025 were CNY 14.07 billion, down from CNY 15.56 billion in 2024, indicating a reduction of about 9.6% [3][4] - The net profit for the first half of 2025 was a loss of CNY 233.09 million, compared to a loss of CNY 327.25 million in the same period of 2024, showing an improvement in losses [4][5] Balance Sheet Highlights - Total assets at the end of the reporting period amounted to CNY 78.76 billion, an increase from CNY 77.02 billion at the beginning of the period [2][3] - Total liabilities increased to CNY 51.08 billion from CNY 48.98 billion, reflecting a rise of approximately 4.5% [2][3] - Shareholders' equity decreased to CNY 27.68 billion from CNY 28.05 billion, indicating a decline of about 1.4% [2][3] Cash Flow Analysis - The net cash flow from operating activities for the first half of 2025 was CNY 1.23 billion, down from CNY 2.73 billion in the same period of 2024, indicating a decrease of approximately 54.8% [6][7] - Cash flow from investing activities showed a net outflow of CNY 1.54 billion, compared to a net outflow of CNY 1.56 billion in 2024 [6][7] - Cash flow from financing activities resulted in a net inflow of CNY 1.63 billion, contrasting with a net outflow of CNY 829.8 million in the previous year [6][7] Key Financial Ratios - The basic earnings per share for the first half of 2025 was reported at -0.0754, an improvement from -0.0942 in the same period of 2024 [4][5] - The company's total liabilities to equity ratio increased, reflecting a higher leverage position compared to the previous year [2][3] Operational Insights - The company experienced a decrease in cash received from sales, totaling CNY 17.56 billion, down from CNY 19.42 billion in 2024 [6][7] - The company’s financial expenses, including interest expenses, were reported at CNY 539 million, slightly up from CNY 526 million in the previous year [4][5]

| | | 同一最终控制方 应收账款 | 3,264.95 | | 4.54 | -- | | | --- | --- | --- | --- | --- | --- | --- | --- | | 25.34 | 3,244.15 | 经营性往来 | | | | | | | 司 | 限公司及其子公 | | | | | | 赁费、往来款 | | | 新疆中泰高级技工学校有 | 应收账款、其 | 他 | | | | | | 控股股东、实际 | | 同一最终控制方 | | 614.38 | 0.27 | | -- | | 12.51 | 602.14 货款 | 经营性往来 | | | | | | | | 限公司及其子公司 | 应收 | | | | | | | 控 制 人 及 | 其 附属 | | | | | | | | | 新疆中泰环鹏有限公司及 | | | | | | | | 企业 1.49 | 99.42 货款 | 同一最终控制方 应收账款 经营性往来 | | 100.63 | 0.28 | -- | | | | 其子公司 | | | | | | | | 其它关联资金 | | 往来方与上市公司 上市公司核算的 ...

2024年1至12月份，中泰化学的营业收入构成为：工业占比58.69%，纺织业占比25.82%，贸易占比 10.62%，其他业务占比3.14%，物流运输占比1.73%。 （文章来源：每日经济新闻） 中泰化学（SZ 002092，收盘价：4.74元）8月15日晚间发布公告称，公司八届二十九次董事会会议于 2025年8月15日以通讯表决方式召开。会议审议了《关于公司高级管理人员2024年绩效年薪兑现的议 案》等文件。 ...

（文章来源：每日经济新闻） 中泰化学（SZ 002092，收盘价：4.74元）8月15日晚间发布半年度业绩报告称，2025年上半年营业收入 约139.55亿元，同比减少8.32%；归属于上市公司股东的净利润亏损约1.94亿元；基本每股收益亏损 0.0754元。2024年同期营业收入约152.21亿元；归属于上市公司股东的净利润亏损约2.43亿元；基本每 股收益亏损0.0942元。 ...

Core Points - The company reported a revenue of 13.955 billion yuan for the first half of 2025, representing a year-on-year decline of 8.32% [1] - The net loss attributable to shareholders was 194 million yuan, an improvement from a net loss of 243 million yuan in the same period last year [1] - The company announced plans not to distribute cash dividends, issue bonus shares, or increase capital through reserves [1]