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]

Core Insights - The Chinese pump industry is experiencing a phase of structural differentiation and quality upgrades, with a projected market size of 236 billion yuan in 2024, increasing to 248 billion yuan in 2025 [1][10] - The circulation pump segment, focusing on fluid circulation, is expected to reach approximately 31.3 billion yuan in 2024, accounting for over 13% of the total pump market, with an anticipated annual growth rate of about 8% [1][11] - Key demand drivers include industrial energy-saving renovations, green building initiatives, and municipal infrastructure expansion, with industrial applications representing over 60% of the market share [1][12][13] Industry Overview - Circulation pumps are essential devices that maintain fluid circulation in closed piping systems, serving various sectors including industrial, construction, and energy [2][3] - The industry is characterized by a shift towards high-efficiency and intelligent products, driven by technological advancements and policy support [10][15] Market Dynamics - The circulation pump market is supported by stable demand from industrial, construction, and municipal sectors, with industrial applications leading the way [1][12] - Emerging markets such as data center liquid cooling are rapidly growing, with the liquid cooling server market expected to reach 16.8 billion yuan in 2024, a 46% year-on-year increase [1][13] Policy Environment - The development of the circulation pump industry is significantly influenced by national energy efficiency and environmental protection policies, which promote high-efficiency motors and wastewater treatment improvements [6][10] Industry Chain - The circulation pump industry chain includes upstream raw materials and components, midstream manufacturing, and downstream applications, with a focus on technological innovation and efficiency [8][10] Competitive Landscape - The industry features a competitive landscape where international brands dominate the high-end market, while domestic leaders and specialized companies focus on niche segments [14][15] Future Trends - The future of the circulation pump industry will be shaped by technological upgrades, market restructuring, and demand expansion, with a focus on energy efficiency and smart technologies [15][17] - The industry is expected to see a shift towards comprehensive service solutions, enhancing customer loyalty and market position [16][17]

Core Points - The stock price of North Chemical Industry Co., Ltd. (北化股份) decreased by 2.05% on October 22, trading at 19.11 CNY per share with a total market capitalization of 10.49 billion CNY [1] - Year-to-date, the stock has increased by 89.02%, but it has seen a decline of 8.48% over the last five trading days [1] - The company has been listed on the stock market since June 5, 2008, and its main business includes the production and sales of nitrocellulose and industrial pumps [1] Financial Performance - For the first half of 2025, North Chemical is projected to achieve a revenue of 1.13 billion CNY, representing a year-on-year growth of 23.82%, and a net profit of 107 million CNY, which is a significant increase of 207.91% [2] - The company has distributed a total of 350 million CNY in dividends since its A-share listing, with 76.86 million CNY distributed over the past three years [3] Shareholder Information - As of October 10, 2023, the number of shareholders for North Chemical is 35,000, a decrease of 2.78% from the previous period, with an average of 15,686 circulating shares per shareholder, an increase of 2.86% [2] - Notable new institutional shareholders include Changcheng Jiujia Innovation Growth Mixed A and Guangfa Small Cap Growth Mixed A, holding 5 million shares and 4.63 million shares respectively [3] Industry Classification - North Chemical operates within the basic chemical industry, specifically in the chemical products sector focusing on civil explosives [2] - The company is associated with various concept sectors including waste classification, aerospace and military, margin financing, energy conservation and environmental protection, and mid-cap stocks [2]

证券日报网讯北化股份10月15日在互动平台回答投资者提问时表示，截至2025年10月10日，公司股东户 数约为3.5万户。 （文章来源：证券日报） ...

New Stock Issuance - New stock issuance for Daoshengtianhe (Code: 780026) priced at 5.98 RMB on September 29, 2025[1] - Offer period for the acquisition of Shangwei New Materials (Code: 688585) is from September 29, 2025, to October 28, 2025[1] Delisting and Trading Alerts - Zitian Tui (Code: 300280) is in the delisting preparation period with 4 trading days remaining until the last trading day[1] - Significant abnormal fluctuations reported for Kaipu Cloud (Code: 688228) on September 25, 2025[1] Recent Announcements - Multiple companies including Zhonghuan Hailu (Code: 301040) and Shenhuafa A (Code: 000020) have recent announcements regarding their stock activities[1] - A total of 30 companies have made announcements regarding stock fluctuations and trading activities in the past week[1]

Core Insights - The company reported significant growth in revenue and net profit for the first half of 2023, with revenue reaching 1.131 billion yuan, net profit attributable to shareholders at 107 million yuan, and net profit excluding non-recurring items at 82 million yuan, reflecting year-on-year increases of 23.82%, 207.91%, and 1624.92% respectively [1] Industry Overview - The domestic nitrocellulose market has experienced a supply contraction of 46%, primarily due to production halts from accidents and the company's decision to shut down its Xi'an production line, reducing its annual capacity from 55,000 tons in 2023 to 30,000 tons in 2024 [1] - The industry has faced significant capacity reductions, with major incidents such as the explosion at Xuefei Chemical affecting 20,000 tons of capacity and another incident at Hengshui Jianmin impacting 6,000 tons [1] Market Dynamics - Geopolitical factors have increased demand for nitrocellulose, leading to a historical high in export prices, with August 2023 seeing an export price of 42,000 yuan per ton, a year-on-year increase of 37.76% [2] - The company holds a prominent position in the global nitrocellulose market, with over 50% market share domestically and approximately 15% internationally, benefiting from the current price increases [2] Future Prospects - The company is well-positioned to capitalize on the growing demand for environmentally friendly fireworks made from nitrocellulose, which produce less smoke and pollutants compared to traditional fireworks [3] - Revenue projections for 2025 to 2027 are optimistic, with expected revenues of 2.602 billion, 3.333 billion, and 4.326 billion yuan, reflecting year-on-year growth rates of 34%, 28%, and 30% respectively [3] - The company is expected to achieve significant profit growth, with net profits projected at 259 million, 411 million, and 553 million yuan for the same period, indicating year-on-year increases of 1016%, 59%, and 35% respectively [3]