Core Viewpoint - Donghua Energy (002221) reported mixed financial results for the first half of 2025, with revenue growth but a significant decline in net profit, indicating potential challenges in profitability and cash flow management [1][3]. Financial Performance - Total revenue for the first half of 2025 reached 16.283 billion yuan, a year-on-year increase of 13.28% compared to 14.374 billion yuan in 2024 [1]. - Net profit attributable to shareholders was 66.376 million yuan, down 39.8% from 110 million yuan in the previous year [1]. - The gross margin decreased to 3.89%, a decline of 11.42% from 4.39% in 2024, while the net margin fell to 0.46%, down 45.14% from 0.84% [1]. - Operating cash flow per share was 0.2 yuan, a decrease of 33.49% from 0.3 yuan in 2024 [1]. Cash Flow and Debt Management - The company experienced a significant drop in cash flow, with net cash flow from operating activities decreasing by 33.49% due to increased procurement costs influenced by tariffs [3]. - The liquidity ratio stood at 0.99, indicating rising short-term debt pressure [1][4]. - The company’s cash and cash equivalents saw a net decrease of 515.12% due to loan repayments [3]. Cost Structure and Efficiency - Total selling, administrative, and financial expenses amounted to 539 million yuan, representing 3.31% of revenue, a decrease of 17.39% from the previous year [1]. - The company’s return on invested capital (ROIC) was reported at 3.47%, indicating weak capital returns compared to the historical median of 5.65% [3]. Accounts Receivable and Financial Health - Accounts receivable increased by 9.14% to 4.831 billion yuan, raising concerns as it represented 1088.34% of profit [4]. - The company’s interest-bearing debt ratio reached 51.6%, highlighting potential financial strain [4].

截至2025年8月22日收盘，东华能源股价报8.92元，较前一交易日下跌0.24元，跌幅2.62%。当日成交量 为376608手，成交金额3.35亿元。 东华能源主要从事聚丙烯的生产和销售业务，属于石油化工行业。公司业务涵盖石油加工、化工产品生 产和销售等领域。 资金流向方面，8月22日主力资金净流出6841.93万元，近五日主力资金累计净流出10892.30万元。 风险提示：以上内容仅供参考，不构成投资建议。市场有风险，投资需谨慎。 来源:金融界 8月21日晚间，东华能源发布2025年半年度报告。报告显示，公司上半年实现营业收入162.83亿元，同 比增长13.28%；归属于上市公司股东的净利润6638万元，同比下降39.8%。同日，公司召开董事会会 议，审议通过了半年度报告等议案。8月22日，公司发生一笔大宗交易，成交45万股，成交金额401.4万 元，成交价与收盘价持平。 ...

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2025-08-22 | 002221 | 东华能源 | 8.92 | 45.00 | 401.40 | | 机构专用 | 8月22日，东华能源大宗交易成交45万股，成交额401.4万元，占当日总成交额的1.18%，成交价8.92元，较市场收盘价8.92元 持平。 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600800 | 渤海化学 | 4.57 | -3.18% | 33.44万 | | 1.54亿 | | 002221 | 东华能源 | 8.92 | -2.62% | 37.66万 | | 3.35亿 | | 000819 | 田川长 | 16.86 | -2.60% | 10.38万 | | 1.76亿 | | 300839 | 博汇股份 | 15.02 | -2.34% | 10.71万 | | 1.62亿 | | 000637 | 茂化实华 | 4.30 | -2.05% | 15.36万 | 6588.46万 | | | 002476 | 宝莫股份 | 5.63 | -1.75% | 69.46万 | | 3.94亿 | | 002986 | 宇新股份 | 12.50 | -1.57% | 6.78万 | 8450.16万 | | | 300055 | 万邦达 | 6.58 | -1.50% | 16.60万 | | 1. ...

Core Viewpoint - Donghua Energy's stock closed at 8.92 yuan, down 2.62%, with a rolling PE ratio of 35.15 times, indicating a significant premium over the industry average [1] Company Summary - Donghua Energy's main business involves the production and sale of liquefied gas, along with related after-sales services. Key products include polypropylene, propylene, hydrogen, synthetic ammonia, and liquefied petroleum gas [1] - For the first half of 2025, Donghua Energy reported revenue of 16.283 billion yuan, a year-on-year increase of 13.28%. However, net profit was 66.376 million yuan, reflecting a year-on-year decline of 39.80%, with a sales gross margin of 3.89% [1] Industry Summary - The average PE ratio for the oil industry is 11.92 times, with a median of 24.35 times, positioning Donghua Energy at 16th place within the industry [1] - As of the latest report, nine institutions hold shares in Donghua Energy, with a total holding of 711.8623 million shares valued at 6.877 billion yuan [1]

8月22日，石油行业下跌0.61%，今日主力资金流出4.76亿元，成分股2只上涨，13只下跌。 来源：金融界 主力资金净流出居前的分别为中国石油（9839.38万元）、中国石化（8283.13万元）、洲际油气 （7755.59万元）、东华能源（6841.93万元）、中国海油（6289.53万元）。 序号代码名称最新价涨跌幅主力净流入主力净占比1600506统一股份22.371.271940.18万元7.15%2603798 康普顿13.731.251310.06万元7.97%3000554泰山石油7.13-0.56785.35万元4.48%4000698沈阳化工4.27- 0.47286.35万元3.94%5000059华锦股份5.41-0.37-78.25万元-0.59%6002778中晟高科18.880.0-325.64万 元-5.15%7600777*ST新潮4.25-0.47-363.51万元-3.93%8300839博汇股份15.02-2.34-372.82万 元-2.3%9000637茂化实华4.3-2.05-435.27万元-6.61%10000159国际实业6.00.0-455.67万元-3. ...

Group 1: Chemical Sector Performance - The chemical index experienced a significant increase, with the chemical raw materials index rising by 2.81%, the chemical machinery index by 1.53%, the chemical pharmaceuticals index by 3.70%, and the pesticide and fertilizer index by 1.03% [1] - In contrast, the oil index saw a decline across all categories, with the oil processing index down by 1.10%, the oil extraction index down by 1.22%, and the oil trading index down by 1.02% [1] Group 2: Oil Prices - International crude oil prices showed weakness, with the WTI crude oil futures settling at $62.80 per barrel, a decrease of 1.69% from August 8, and Brent crude oil futures settling at $65.85 per barrel, down by 1.11% [1] Group 3: Petrochemical Product Price Changes - The top five petrochemical products with price increases included liquid chlorine up by 29.05%, battery-grade lithium carbonate up by 18.57%, industrial-grade lithium carbonate up by 14.53%, folic acid up by 6.38%, and niacinamide up by 5.00% [1] - Conversely, the top five petrochemical products with price declines included butanone down by 8.91%, organic silicon DMC down by 8%, organic silicon D4 down by 7.69%, raw rubber down by 7.41%, and synthetic ammonia down by 6.95% [1] Group 4: Capital Market Performance of Chemical Companies - The top five listed chemical companies with the highest stock price increases were Shuangyi Technology up by 41.17%, Kaimete Gas up by 34.73%, Honghe Technology up by 33.09%, Weike Technology up by 31.54%, and Xinhang New Materials up by 31.43% [2] - The bottom five listed chemical companies with the largest stock price declines were Zhizheng Co. down by 13.04%, Donghua Energy down by 11.49%, Renzhi Co. down by 10%, Fengshan Group down by 8.51%, and Hehua Co. down by 8.20% [2]

Group 1 - The stock price of Donghua Energy closed at 9.16 yuan on August 21, 2025, down 0.03 yuan or 0.33% from the previous trading day [1] - The company operates in the petrochemical industry, primarily engaged in the production and sales of polypropylene [1] - For the first half of 2025, the company reported operating revenue of 16.283 billion yuan, an increase of 13.28% year-on-year, but the net profit attributable to shareholders was 66.3763 million yuan, a decrease of 39.80% year-on-year [1] Group 2 - The board of directors approved the half-year report on August 21, which indicated a net cash flow from operating activities of 312 million yuan, down 33.49% year-on-year [1] - Financial data shows that the company's cash and cash equivalents decreased by 22.81% compared to the end of the previous year, while inventory increased by 12.69% [1] - On August 21, there was a net outflow of 28.6879 million yuan in main funds, accounting for 0.21% of the circulating market value, with a cumulative net outflow of 50.2055 million yuan over the past five days, representing 0.38% of the circulating market value [1]

Group 1 - The company Donghua Energy reported a revenue of approximately 16.283 billion yuan for the first half of 2025, representing a year-on-year increase of 13.28% [2] - The net profit attributable to shareholders of the listed company was approximately 66.38 million yuan, showing a year-on-year decrease of 39.8% [2] - The basic earnings per share were 0.0421 yuan, which is a year-on-year decrease of 39.86% [2]

（文章来源：每日经济新闻） 2025年1至6月份，东华能源的营业收入构成为：生产和销售占比99.35%，其他业务占比0.55%，仓储占 比0.09%。 东华能源（SZ 002221，收盘价：9.16元）8月21日晚间发布公告称，公司第七届第三次董事会会议于 2025年8月21日在公司会议室以现场结合通讯的方式召开。会议审议了《关于2025年半年度报告及其摘 要的议案》等文件。 ...