Core Viewpoint - Donghua Technology has signed contracts for a lithium carbonate project in Tibet, marking a significant step in its engineering and operational capabilities in the lithium market [1] Group 1: Project Overview - In September 2021, Donghua Engineering Technology Co., Ltd. signed an EPC contract and an operation contract with Tibet Shigatse Zabuye Lithium Industry High-Tech Co., Ltd. for a lithium carbonate project [1] - The EPC contract stipulates that the company is responsible for the design, procurement, and construction until the factory is ready for production [1] - The operation contract outlines the company's responsibilities for daily production operations and safety management for three years after the project is ready for production [1] Group 2: Project Progress - The project has successfully completed a 120-hour functional assessment from September 20 to 24, 2025, indicating that it is ready for official production [1] - This project is notable for being the world's first large-scale industrial facility to use membrane separation and MVR technology for lithium extraction from salt lakes [1] - The project involves complex technical adjustments, environmental adaptations, and product validations, particularly challenging due to its location in a high-altitude region [1] Group 3: Market Implications - The successful completion of the functional assessment enhances the company's engineering performance in the lithium market [1]

东华工程科技股份有限公司董事会 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。 2021 年 9 月，东华工程科技股份有限公司（以下简称"本公司"、 "东华科技"）与西藏日喀则扎布耶锂业高科技有限公司签订西藏扎布 耶盐湖绿色综合开发利用万吨电池级碳酸锂项目《EPC 总承包合同》《运 营（O）合同》。《EPC 总承包合同》约定本公司负责该项目的设计、采购、 施工直至完成工厂机械竣工并具备投产条件；《运营（O）合同》约定本 公司负责自该项目具备投产条件后三年运营期内的日常生产运行、安全 管理等工作。详见发布于 2021 年 9 月 30 日《证券时报》、巨潮资讯网 上的东华科技 2021-081 号《关于签订西藏扎布耶盐湖绿色综合开发利 用万吨电池级碳酸锂项目 EPC 总承包、运营（O）合同的公告》。 本公司与项目业主全力推进项目建设，于 2025 年 9 月 20 日至 24 日顺利完成 120 小时的功能考核。该项目属于大型工业装置，系全球首 套采用膜分离+MVR 盐湖提锂工艺，涉及较为复杂的技术调试、环境适配 和产品验证等，同时地处高寒地带，建设条件艰苦。本 ...

（文章来源：证券日报） 证券日报网讯东华科技9月23日在互动平台回答投资者提问时表示，截至9月19日下午收市，公司股东户 数约为2.929万户。 ...

Investment Rating - The report maintains a strong buy recommendation for companies such as Goldwind Technology, Longi Green Energy, and Sungrow Power Supply [2] Core Insights - The global shipping industry is undergoing a green transition driven by the IMO's emission reduction targets and the European carbon tax, with green methanol expected to be a major alternative fuel by 2030, potentially increasing current methanol demand by 40% [1][6] - Major shipyards are actively preparing for methanol vessels, with a concentrated delivery period expected in 2026 [1] - The price of green methanol is currently high, necessitating significant cost reductions in the future [1][6] Industry Overview - The shipping fuel market consumes approximately 300 million tons annually, contributing over 2% of global CO₂ emissions [10] - The International Maritime Organization (IMO) has set ambitious targets for emission reductions, aiming for a 20%-30% reduction by 2030 and net-zero emissions by 2050 [10][11] - The European Union's inclusion of shipping in its carbon trading system (ETS) starting in 2024 will further incentivize the transition to green fuels [11] Green Methanol as a Key Choice - Green methanol is positioned as a long-term solution for shipping fuel due to its advantages such as flexible storage, lower cost per energy unit, and environmental friendliness [6][19] - The global demand for methanol is projected to increase significantly, with estimates suggesting that if methanol's share in shipping fuel reaches 10% by 2030, it could add over 50 million tons to global methanol demand [43][50] Production and Cost Considerations - The production of green methanol is currently limited by high costs and stringent EU definitions, with biomass gasification and fermentation being the main production routes [1][23] - The current price of green methanol exceeds 7000 RMB per ton, making it economically unfeasible for shipowners without further cost reductions [1][23] Key Companies - The report highlights several companies to watch, including Goldwind Technology, Longi Green Energy, Sungrow Power Supply, and others involved in the green methanol production and supply chain [6][51]

（文章来源：证券日报） 证券日报网讯 9月19日晚间，东华科技发布公告称，公司于2025年9月19日召开2025年第一次临时股东 会，选举王会民先生为公司第八届董事会非独立董事。 ...

东华工程科技股份有限公司（以下简称"公司""本公司" "东华 科技"）于 2025 年 9 月 19 日召开 2025 年第一次临时股东会，审议通过 《关于补选第八届董事会非独立董事的议案》等，详见发布于 2025 年 9 月 20 日《证券时报》、巨潮资讯网上的东华科技 2025-047 号公告。 本次股东会选举王会民先生为公司第八届董事会非独立董事，任期 与第八届董事会相同。王会民先生当选后，董事会中兼任公司高级管理 人员以及由职工代表担任的董事人数总计未超过董事总数的二分之一。 证券代码：002140 证券简称：东华科技 公告编号：2025-048 东华工程科技股份有限公司关于补选 王会民先生为第八届董事会非独立董事的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 王会民先生简历：男，1968 年 8 月出生，硕士研究生学历，正高 级工程师。近五年来，历任陕煤集团榆林化学有限责任公司总经理等职 务，现任本公司第八届董事会非独立董事，陕煤集团榆林化学有限责任 公司董事长、陕西化工集团有限公司总工程师。 特此公告。 东华工程科技股份有限公司董事会 20 ...

法律意见书 安徽天禾律师事务所 关于 东华工程科技股份有限公司 2025 年第一次临时股东会 的法律意见书 天律意 2025 第 02447 号 致：东华工程科技股份有限公司 根据《中华人民共和国证券法》（下称"证券法"）、《中华人民共和国公 司法》（下称"公司法"）、《上市公司股东会规则》和《东华工程科技股份有 限公司章程》（下称"《公司章程》"）的有关规定，安徽天禾律师事务所接受 东华工程科技股份有限公司（以下简称"公司"）的委托，指派张丛俊、朱华耀 律师（以下简称"天禾律师"）出席公司 2025 年第一次临时股东会（以下简称 "本次股东会"）并对本次股东会相关事项进行见证，出具法律意见书。 本法律意见书是天禾律师根据对有关本次股东会事实的了解及对我国现行 法律、法规和规范性文件的理解而做出的。 天禾律师同意将本法律意见书作为本次股东会的公告文件，随公司其他文件 一并提交深圳证券交易所审核公告。天禾律师根据《证券法》第 163 条的要求， 按照律师行业公认的业务标准、道德规范和勤勉尽责精神，参与了本次股东会并 对公司提供的有关文件和事实进行了核查和验证，现出具法律意见书如下： 一、关于本次股东会的召集、召 ...

证券代码：002140 证券简称：东华科技 公告编号：2025-047 东华工程科技股份有限公司 2025 年第一次临时股东会决议公告 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.本次股东会未出现否决提案的情况； 2.本次股东会未涉及变更前次股东会决议； 3.本次股东会所审议的部分议案实行中小投资者单独计票，以保护 中小投资者利益；中小投资者是指除上市公司董事、监事、高级管理人 员及单独或者合计持有上市公司 5%以上股份股东以外的其他股东。 一、会议召开和出席情况 东华工程科技股份有限公司（以下简称"公司""东华科技"）2025 年第一次临时股东会于 2025 年 8 月 30 日发出会议通知，于 2025 年 9 月 13 日发布提示性公告。 （一）召开时间 现场会议召开时间：2025 年 9 月 19 日下午 3:30 网络投票时间：通过深圳证券交易所交易系统进行网络投票时间为 2025 年 9 月 19 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证 券交易所互联网投票系统投票的时间为 2025 年 9 ...

Summary of Donghua Technology Conference Call Industry Overview - The green methanol market is significantly influenced by policy premiums, with prices much higher than coal-based methanol. Donghua Technology has undertaken multiple green methanol project designs, covering various technical routes, but project advancement is dependent on national policy guidance [2][3]. - The biomass gasification furnace developed by Donghua Technology has broad adaptability, low cost, and good environmental performance, but faces intense competition from over 90 companies, indicating a need to increase market share [2][4]. - The green energy chemical sector has a higher technical difficulty compared to traditional chemicals, with Donghua actively engaging in green hydrogen and green ammonia projects, although its current market share is low, suggesting significant future growth potential [2][5][7]. Company Performance and Market Position - Donghua Technology has exceeded its annual order target in the coal chemical market, with significant projects in Xinjiang and a long delivery cycle of over three years for the Shaanxi Coal Group's second phase project, indicating strong business prospects [2][14][17]. - The company has a plan to increase its overseas revenue share to over one-third by the end of the 14th Five-Year Plan, currently standing at about 5% to 10% [2][19][22]. - Donghua has a stock incentive plan, but its implementation will depend on evaluating net profit compound growth rates and revenue profit margins in line with the 14th Five-Year Plan [2][25]. Key Projects and Orders - In the green methanol sector, Donghua has initiated six projects, with prices for green methanol ranging from 7,000 to 8,000 yuan compared to over 2,000 yuan for coal-based methanol, highlighting the impact of policy premiums [3][8]. - The company has signed contracts worth over 60 billion yuan in coal chemical orders this year, with expectations for significant growth in the Xinjiang region due to government support for project initiation [14][28][29]. - The expected project scale in Xinjiang is between 800 billion to 1 trillion yuan, with Donghua focusing on major gas, oil, and olefin projects [17][33]. Competitive Landscape - In the green energy engineering sector, Donghua competes with 14 other companies, including subsidiaries of China National Petroleum and several power design institutes, indicating a competitive but manageable landscape [6][34]. - The company’s biomass gasification projects typically range from 100,000 to 300,000 tons, with investments between 1 billion to 2 billion yuan, emphasizing the importance of EPC contracts for profitability [10][12]. Future Outlook - Donghua anticipates a stable order flow of 3 billion to 4 billion yuan annually from Xinjiang, with ongoing projects in the mainland providing additional support [17][33]. - The company expects to sign 61 orders in 2025, primarily driven by the Shaanxi Coal Group's second phase project, with optimistic projections for 2026 [30][18]. - Donghua is actively expanding its overseas business, with significant projects in Indonesia and Egypt, and plans to establish more marketing outlets in Southeast Asia and beyond [19][21][20]. Conclusion - Donghua Technology is strategically positioned in the green energy and coal chemical markets, with a focus on expanding its project portfolio and enhancing its competitive edge through diversification and international expansion. The company's proactive approach to policy changes and market demands will be crucial for its future growth and profitability.

Core Viewpoint - Donghua Technology's stock price has shown a year-to-date increase of 17.68%, with recent fluctuations indicating a slight decline in the short term, while the company continues to maintain a strong revenue growth trajectory [1][2]. Financial Performance - For the first half of 2025, Donghua Technology achieved operating revenue of 4.784 billion yuan, representing a year-on-year growth of 9.29%, and a net profit attributable to shareholders of 240 million yuan, up 14.64% year-on-year [2]. - Cumulatively, since its A-share listing, Donghua Technology has distributed a total of 840 million yuan in dividends, with 255 million yuan distributed over the past three years [3]. Shareholder Structure - As of September 10, 2025, the number of shareholders for Donghua Technology is 25,700, a decrease of 1.16% from the previous period, with an average of 21,178 circulating shares per shareholder, an increase of 1.17% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder, increasing its holdings by 1.0893 million shares to 2.9727 million shares [3]. Market Activity - On September 18, Donghua Technology's stock price fell by 2.05% to 11.45 yuan per share, with a trading volume of 280 million yuan and a turnover rate of 4.42%, resulting in a total market capitalization of 8.107 billion yuan [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the last occurrence on March 3 [1]. Business Overview - Donghua Technology, established on July 18, 2001, and listed on July 12, 2007, is based in Hefei, Anhui Province, and operates in sectors including chemical engineering, environmental governance, and infrastructure [1]. - The company's main business revenue composition includes 88.80% from general contracting, 8.28% from other sources, and 2.92% from design and technical services [1].