Market Overview - The chemical products sector experienced a decline of 0.57% on the trading day, with Boyuan Co., Ltd. leading the losses [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers in the chemical products sector included: - Hangzhou Oxygen Plant Co., Ltd. (002430) with a closing price of 29.52, up 9.99% and a trading volume of 494,700 shares, totaling 1.43 billion yuan [1] - Pioneer New Materials (300163) closed at 4.93, up 6.94% with a trading volume of 1,542,200 shares, totaling 759 million yuan [1] - Jinrongzi (002407) closed at 26.50, up 6.26% with a trading volume of 2,445,100 shares, totaling 6.408 billion yuan [1] - Major decliners included: - Boyuan Co., Ltd. (301617) closed at 94.00, down 7.66% with a trading volume of 78,600 shares, totaling 763 million yuan [2] - Jinhua New Materials (920015) closed at 58.33, down 7.29% with a trading volume of 132,100 shares, totaling 810 million yuan [2] - Poly United (002037) closed at 10.10, down 6.13% with a trading volume of 247,400 shares, totaling 254 million yuan [2] Capital Flow - The chemical products sector saw a net outflow of 933 million yuan from institutional investors, while retail investors contributed a net inflow of 665 million yuan [2] - The capital flow for specific stocks indicated: - Hangzhou Oxygen Plant Co., Ltd. had a net inflow of 1.52 billion yuan from institutional investors, while retail investors had a net outflow of 948.96 million yuan [3] - Yongtai Technology (002326) experienced a net inflow of 1.25 billion yuan from institutional investors, with a net outflow of 2.22 billion yuan from retail investors [3] - Yahua Group (002497) had a net inflow of 1.08 billion yuan from institutional investors, while retail investors saw a net outflow of 657.87 million yuan [3]

Group 1 - The core viewpoint of the news is that Beihua Co., Ltd. has experienced a significant stock price increase, rising 5.02% to 20.94 CNY per share, with a total market capitalization of 11.497 billion CNY [1] - Beihua Co., Ltd. has seen its stock price increase for three consecutive days, with a cumulative increase of 6.12% during this period [1] - The company, established in August 2002 and listed in June 2008, primarily engages in the production and sales of nitrocellulose and industrial pumps, with its main business revenue composition being 37.70% from nitrocellulose-related products, 25.47% from protective equipment, and 22.91% from industrial pumps [1] Group 2 - From the perspective of fund holdings, Ping An Fund has a significant position in Beihua Co., Ltd., with its Ping An CSI 2000 Enhanced Strategy ETF holding 4,100 shares, accounting for 0.43% of the fund's net value [2] - The Ping An CSI 2000 Enhanced Strategy ETF has achieved a year-to-date return of 28.27% and a one-year return of 29.74%, ranking 1968 out of 4216 and 1480 out of 3877 in its category, respectively [2] - The fund manager, Li Yan, has been in charge for 1 year and 310 days, with the fund's total asset size at 11.079 billion CNY and a best return of 75.6% during his tenure [2]

Core Insights - The company reported a significant increase in revenue and net profit for the third quarter of 2025, indicating strong financial performance [2] Financial Performance - The company achieved a revenue of 703,930,038.76 yuan in Q3 2025, representing a year-on-year growth of 81.85% [2] - The net profit attributable to shareholders reached 81,648,643.71 yuan, showing a remarkable year-on-year increase of 200.55% [2]

Core Insights - The company reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong financial performance [1] Financial Performance - The company achieved an operating income of 1.835 billion yuan, representing a year-on-year growth of 41.09% [1] - The net profit attributable to shareholders reached 188 million yuan, showing a remarkable year-on-year increase of 504.80% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 162 million yuan, reflecting a year-on-year growth of 277.19% [1]

Core Insights - The company, Beihua Co., Ltd. (002246), reported a significant increase in revenue and net profit for the third quarter of 2025, indicating strong financial performance [1] Financial Performance - The company achieved a revenue of 704 million yuan in the third quarter, representing a year-on-year growth of 81.85% [1] - The net profit for the same period was 81.6486 million yuan, showing a remarkable year-on-year increase of 200.55% [1]

Company Performance - North Chemical Co., Ltd. reported a revenue of approximately 1.835 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 41.09% [1] - The net profit attributable to shareholders of the listed company was approximately 188 million yuan, showing a significant year-on-year increase of 504.8% [1] - Basic earnings per share reached 0.3431 yuan, which is an increase of 504.6% compared to the previous year [1] Market Context - As of the report, North Chemical Co., Ltd. has a market capitalization of 10.9 billion yuan [2] - The A-share market has surpassed 4000 points, indicating a significant market resurgence after a decade of stagnation, with a new "slow bull" market pattern emerging [2]

Core Viewpoint - Beihua Co., Ltd. reported significant growth in its third-quarter financial results, indicating strong operational performance and profitability improvements [1] Financial Performance - The company's operating revenue for the first three quarters reached 1.83 billion, representing a year-on-year increase of 41.09% [1] - The net profit attributable to shareholders was 188 million, showing a remarkable year-on-year growth of 504.8% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 162 million, reflecting a year-on-year increase of 277.19% [1]

Core Insights - North Chemical Co., Ltd. (002246.SZ) reported a significant increase in revenue and net profit for the third quarter, indicating strong financial performance [1] Financial Performance - The company's operating revenue for the first three quarters reached 1.83 billion yuan, representing a year-on-year growth of 41.09% [1] - The net profit attributable to shareholders was 188 million yuan, showing a remarkable year-on-year increase of 504.8% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 162 million yuan, reflecting a year-on-year growth of 277.19% [1]

Financial Performance - Revenue for Q3 reached ¥703,930,038.76, an increase of 81.85% year-over-year, and a total of ¥1,834,989,900.54 for the year-to-date, up 41.09%[5] - Net profit attributable to shareholders was ¥81,648,643.71, a significant increase of 200.55% compared to the same period last year, with a year-to-date total of ¥188,377,164.90, up 504.80%[5] - Basic earnings per share for Q3 were ¥0.1487, reflecting a 200.54% increase year-over-year, and ¥0.3431 year-to-date, up 504.60%[5] - Total operating revenue for the period reached ¥1,834,989,900.54, an increase of 41% compared to ¥1,300,589,458.44 in the previous period[18] - Operating profit improved significantly to ¥211,356,312.86, compared to a loss of ¥66,118,662.75 in the previous period[19] - Net profit for the period was ¥185,455,806.30, recovering from a net loss of ¥48,429,564.86 in the previous period[19] - The total comprehensive income for the period was ¥185,455,806.30, compared to a loss of ¥48,429,564.86 in the previous period[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,910,632,039.63, representing a 7.51% increase from the end of the previous year[5] - Total assets increased to ¥4,910,632,039.63, up from ¥4,567,421,038.41 in the previous period, reflecting a growth of approximately 7.5%[17] - Total liabilities rose to ¥1,745,982,640.87, compared to ¥1,568,641,173.71 in the previous period, marking an increase of about 11.3%[17] - The company's equity attributable to shareholders increased to ¥2,998,008,292.98, up from ¥2,829,250,904.72, representing a growth of approximately 6%[17] Cash Flow - Cash flow from operating activities showed a net outflow of ¥4,440,972.11, a decrease of 98.39% year-to-date[5] - Operating cash inflow for the current period was CNY 1,587,243,304.58, an increase of 50.4% compared to CNY 1,054,646,508.54 in the previous period[20] - Net cash flow from operating activities was negative CNY 4,440,972.11, improving from negative CNY 275,362,458.56 in the previous period[20] - Financing cash inflow was CNY 32,224,185.14, significantly up from CNY 3,758,301.99 in the previous period[21] - Net cash flow from financing activities was CNY 6,573,373.77, a recovery from negative CNY 30,618,106.74 in the previous period[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 36,395[11] - The largest shareholder, Shanxi Xinhua Protective Equipment Co., holds 18.06% of shares, totaling 99,138,233 shares[11] - The company has a total of 99,138,233 unrestricted shares held by Shanxi Xinhua Protective Equipment Co.[12] Operational Efficiency - The company has established a new procurement center and restructured several departments to enhance operational efficiency[13] - The company reported a significant increase in total profit of ¥27,298,000, up 478.72% year-over-year, driven by increased revenue and product gross margin[8] Accounts Receivable and Payable - Accounts receivable increased by ¥376,650,000, a rise of 55.86%, primarily due to increased specialized product payments[8] - Accounts receivable increased to 1,050,969,065.54 RMB from 674,316,361.81 RMB, reflecting a growth of approximately 55.6%[15] - The company reported a significant increase in accounts payable, which rose to ¥768,529,669.75 from ¥658,813,482.31, reflecting a growth of approximately 16.7%[17] Inventory and Fixed Assets - Inventory rose to 404,910,544.17 RMB, up from 353,947,599.58 RMB, indicating an increase of about 14.4%[15] - The company’s fixed assets decreased to 818,475,295.55 RMB from 872,733,325.55 RMB, a decline of approximately 6.2%[15] Research and Development - Research and development expenses for the period were ¥89,328,187.95, compared to ¥74,965,532.83 in the previous period, indicating a 19% increase[18]

北方化学工业股份有限公司 第五届监事会第二十一次会议决议公告 本公司及监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、误导性陈述或者重大遗漏。 证券代码：002246 证券简称：北化股份 公告编号：2025-049 根据《证券法》第八十二条的要求，经审核，监事会成员一致认为董事会编制 和审核北方化学工业股份有限公司《2025 年第三季度报告》的程序符合法律、行政 法规和中国证监会的规定，报告内容真实、准确、完整，不存在任何虚假记载、误 导性陈述或者重大遗漏。 《2025 年第三季度报告》登载于 2025 年 10 月 29 日的《中国证券报》《证券 时报》和巨潮资讯网。 一、监事会会议召开情况 北方化学工业股份有限公司（以下简称"公司"）第五届监事会第二十一次会 议的会议通知及材料于 2025 年 10 月 22 日前以邮件、传真、专人送达方式送至全体 监事。会议于 2025 年 10 月 27 日以通讯方式召开。本次会议应出席监事 3 名，实际 出席监事 3 名，分别为贾云先生、杨洪红女士、雷宵宵先生。会议由监事会主席贾 云先生主持，会议的召集、召开符合《公司法》和《公司章程》的规定。 二 ...