证券代码：002109 证券简称：兴化股份 公告编号： 2025-040 陕西兴化化学股份有限公司 关于兴化化工收购兴化新能源 20%股权暨关 联交易完成资产交割过户的公告 本公司及董事会全体成员保证信息披露内容的真实、准 确和完整，没有虚假记载、误导性陈述或重大遗漏。 法定代表人：薛宏伟 注册资本：柒亿元人民币 成立日期：2020 年 10 月 20 日 住 所：陕西省咸阳市兴平市东城区兴化集团厂区 经营范围：一般项目：化工产品生产（不含许可类化工 产品）（除依法须经批准的项目外，凭营业执照依法自主开 展经营活动）。许可项目：危险化学品生产（依法须经批准 的项目，经相关部门批准后方可开展经营活动，具体经营项 目以审批结果为准）。 陕西兴化化学股份有限公司（以下简称兴化股份或公司） 于 2025 年 10 月 22 日召开第八届董事会第六次会议，审议 通过了《关于兴化化工收购兴化新能源 20%股权暨关联交易 的 议 案 》， 具 体 内 容 详 见 披 露 于 巨 潮 资 讯 网 (www.cninfo.com.cn)及刊登在 2025 年 10 月 23 日的《证券时 报》和《中国证券报》上的《关于兴化化工 ...

Core Viewpoint - The company is implementing several strategic measures to address the challenging operating environment faced this year, focusing on cost reduction and market adaptability [1] Group 1: Cost Control Measures - The company is fully promoting revenue increase and cost reduction by compressing raw material procurement costs, controlling consumption quotas in production workshops, and reducing management expenses to enhance product market competitiveness [1] - The company is adjusting its operational strategies flexibly in response to market changes, optimizing product structure to maximize production efficiency and increase the output of products with higher marginal contributions [1] Group 2: Product Development and Research - The company is actively advancing the deep processing of existing products to lay a solid foundation for future quality improvement and efficiency enhancement [1] - The company is conducting preliminary research and validation for extending its existing product industrial chain to high value-added products, aiming to reserve continuous momentum for future sustainable development [1]

证券日报网讯 12月12日，兴化股份在互动平台回答投资者提问时表示，未来，公司将密切关注市场变 化情况对募投项目进行重新论证，同时也将结合内部产业链延伸等深加工项目的立项审批情况在履行变 更程序后积极推进募投项目的实施。 （文章来源：证券日报） ...

Core Viewpoint - Xinghua Co., Ltd. primarily operates through its wholly-owned subsidiary Xinghua Chemical and its controlling subsidiary Yushen Energy Chemical, focusing on coal chemical production [1] Group 1: Company Overview - The main business activities of Xinghua Chemical and Yushen Energy Chemical include the production and sales of coal-based synthetic ammonia, methanol, methylamine, DMF, ethanol, and methyl acetate [1] - The subsidiaries mainly produce basic chemical products that are widely used in various fields such as chemicals, agriculture, national defense, energy, and pharmaceuticals [1] Group 2: Product Applications - The products manufactured by the company are essential in multiple industries, highlighting their significance in the chemical and agricultural sectors, as well as in national defense and energy [1]

证券日报网讯 12月8日晚间，兴化股份发布公告称，粤开证券作为公司2020年度向特定对象发行A股股 票的保荐人，原指派申佩宜先生和葛锐先生担任保荐代表人负责持续督导工作。现因葛锐先生工作变 动，不再担任公司持续督导的保荐代表人。为保证持续督导工作的有序进行，粤开证券委派李梓沐先生 接替葛锐先生担任公司保荐代表人，继续履行持续督导职责。 （编辑 王雪儿） ...

本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 陕西兴化化学股份有限公司 关于变更持续督导保荐代表人的公告 股票代码：002109 股票简称：兴化股份 编号： 2025-039 2 / 2 陕西兴化化学股份有限公司（以下简称公司）于近日收 到粤开证券股份有限公司（以下简称粤开证券）出具的《关 于变更持续督导保荐代表人的函》。粤开证券作为公司 2020 年度向特定对象发行 A 股股票的保荐人，原指派申佩宜先生 和葛锐先生担任保荐代表人负责持续督导工作。现因葛锐先 生工作变动，不再担任公司持续督导的保荐代表人。为保证 持续督导工作的有序进行，粤开证券委派李梓沐先生接替葛 锐先生担任公司保荐代表人，继续履行持续督导职责。 特此公告。 陕西兴化化学股份有限公司董事会 2025 年 12 月 9 日 本次保荐代表人变更后，公司向特定对象发行 A 股股票 持续督导保荐代表人为申佩宜先生和李梓沐先生，持续督导 期至中国证券监督管理委员会和深圳证券交易所规定的持 续督导义务结束为止。 公司董事会对葛锐先生在公司持续督导期间所做出的 1 / 2 贡献表示衷心的感谢。 ...

Core Viewpoint - Xinghua Co., Ltd. stated that its subsidiary Xinghua Chemical has a designed production capacity of 300,000 tons/year for synthetic ammonia, with approximately 50,000 tons used for self-production of methylamine and around 250,000 tons sold externally annually. The company emphasized that short-term price fluctuations of individual products due to market supply and demand will not significantly impact overall performance [1] Group 1 - The main product of Xinghua Chemical is synthetic ammonia, with a designed capacity of 300,000 tons/year [1] - Approximately 50,000 tons of synthetic ammonia is used for self-production of methylamine, while 250,000 tons is sold externally each year [1] - The company organizes production based on the principle of prioritizing efficiency and aims to maximize overall benefits through product structure adjustments [1]

Core Viewpoint - The recent increase in liquid ammonia prices by 21.8% over the past 15 days may have a positive impact on the annual report of Xinghua Co., but the company indicates that short-term price fluctuations will not significantly affect overall performance [1] Company Overview - Xinghua Co.'s subsidiary, Xinghua Chemical, has a designed production capacity of 300,000 tons per year for synthetic ammonia, with approximately 50,000 tons used for self-production of methylamine and 250,000 tons sold externally [1] - The company emphasizes a production organization based on the principle of prioritizing efficiency, aiming to maximize overall benefits through product structure adjustments [1] Market Dynamics - The company acknowledges that short-term price volatility of individual products is a common market phenomenon influenced by supply and demand dynamics [1]

Core Viewpoint - The company emphasizes its commitment to strict adherence to information disclosure regulations as mandated by the Shenzhen Stock Exchange, urging investors to refer to the official announcements for accurate information [2] Group 1 - The company responded to investor inquiries on November 10, highlighting its compliance with information disclosure management systems [2] - The company reassured investors that it fulfills its disclosure obligations in accordance with relevant regulations [2]

Core Insights - Xinghua Co., Ltd. reported a total operating revenue of 2.443 billion yuan for Q3 2025, ranking 31st among disclosed peers, which represents a decrease of 501 million yuan or 17.02% year-on-year [1] - The net profit attributable to shareholders was -423 million yuan, ranking 59th among peers, a decline of 114 million yuan compared to the same period last year [1] - The net cash flow from operating activities was 45.3 million yuan, ranking 38th among peers, down by 409 million yuan or 90.03% year-on-year [1] Financial Ratios - The latest debt-to-asset ratio is 54.65%, ranking 45th among peers, an increase of 3.14 percentage points from the previous quarter and 2.12 percentage points from the same period last year [3] - The latest gross profit margin is -13.68%, ranking 59th among peers, a decrease of 6.41 percentage points from the previous quarter and 10.90 percentage points year-on-year [3] - The latest return on equity (ROE) is -10.39%, ranking 54th among peers, a decrease of 3.63 percentage points from the same period last year [3] Earnings Per Share and Turnover - The diluted earnings per share is -0.33 yuan, ranking 56th among peers, a decrease of 0.09 yuan compared to the same period last year [3] - The latest total asset turnover ratio is 0.22 times, ranking 57th among peers, a decline of 0.02 times or 9.11% year-on-year [3] - The latest inventory turnover ratio is 13.45 times, ranking 4th among peers, an increase of 2.58 times or 23.69% year-on-year [3] Shareholder Structure - The number of shareholders is 30,700, with the top ten shareholders holding 877 million shares, accounting for 68.73% of the total share capital [3] - The largest shareholder is Shaanxi Yanchang Petroleum (Group) Co., Ltd. with a holding of 39.81% [3]