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 ...

证券代码：002246 证券简称：北化股份 公告编号：2025-048 北方化学工业股份有限公司 第五届董事会第三十五次会议决议公告 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、误导性陈述或者重大遗漏。 一、董事会会议召开情况 北方化学工业股份有限公司（以下简称"公司"）第五届董事会第三十五次会 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 董事。会议于 2025 年 10 月 27 日以通讯方式召开。本次会议应出席董事人数 9 人， 实际出席董事人数 9 人，分别为蒲加顺先生、赵斌先生、朱立勋先生、刘天新先生、 尉伟华先生、潘健先生、胡获先生、吕先锫先生、崔晓辉先生。本次会议由董事长 蒲加顺先生主持，会议的召集、召开符合《公司法》和《公司章程》的规定。 二、董事会会议审议情况 经与会董事认真审议，采取记名投票表决，形成以下决议： （一）会议 9 票同意，0 票反对，0 票弃权，审议通过了《2025 年第三季度报告》。 没有董事对公司 2025 年第三季度报告内容的真实性、准确性、完整性无法保证 或存在异议。 该议案已经公司第五届董事 ...

Core Viewpoint - The performance of the Zhongzheng 2000 ETF Enhanced (159556) has shown a decline in opening price, reflecting market volatility and the performance of its underlying stocks [1] Group 1: Fund Performance - The Zhongzheng 2000 ETF Enhanced (159556) opened at 1.174 yuan, down 0.93% [1] - Since its establishment on December 27, 2023, the fund has achieved a return of 18.12% [1] - The fund's return over the past month is reported at 2.20% [1] Group 2: Top Holdings Performance - Major holdings include Huajian Group, which fell by 4.06%, and Dekeli, which decreased by 1.88% [1] - Other notable stock movements include Xuguang Electronics rising by 0.54%, and Beihua Co. declining by 0.46% [1] - The performance of Electric Wind Power dropped by 2.21%, while Xinke Materials increased by 0.51% [1] - Jiayuan Technology saw a decrease of 0.42%, while Hongjing Technology rose by 0.07% [1] - Yongding Co. and Furui Electronics increased by 1.07% and 1.45%, respectively [1] Group 3: Management Information - The fund is managed by Ping An Fund Management Co., Ltd., with Li Yan as the fund manager [1] - The performance benchmark for the fund is the Zhongzheng 2000 Index return [1]

Core Viewpoint - The company, Beihua Co., has experienced a decline in the number of shareholders and a significant drop in its stock price despite reporting strong revenue and profit growth in its recent half-year report [1] Shareholder and Stock Performance - As of October 20, the number of shareholders for Beihua Co. was 31,000, a decrease of 4,000 from the previous period (October 10), representing a decline of 11.43% [1] - The closing price of Beihua Co. on the reporting date was 18.97 yuan, reflecting an increase of 0.96%, but the stock price has cumulatively decreased by 14.93% since the concentration of shares began [1] - The stock experienced 3 days of price increases and 7 days of declines during this period [1] Financing and Margin Data - As of October 23, the latest margin trading balance for Beihua Co. was 357 million yuan, with the financing balance also at 357 million yuan [1] - The financing balance has decreased by 61.71 million yuan during the current concentration period, representing a decline of 14.73% [1] Financial Performance - In the first half of the year, Beihua Co. achieved operating revenue of 1.131 billion yuan, marking a year-on-year increase of 23.82% [1] - The net profit for the same period was 107 million yuan, showing a substantial year-on-year growth of 207.91% [1] - The basic earnings per share were reported at 0.1900 yuan, with a weighted average return on equity of 3.71% [1]