经与会独立董事认真审议，采取记名投票表决，形成以下决议： 会议 3 票同意，0 票反对，0 票弃权，审议通过了《关于兵工财务有限责任公司 2025 年半年度持续风险评估报告》。 兵工财务有限责任公司作为非银行金融机构，其业务范围、业务流程、内部的风险控 制制度都受到国家金融监督管理总局的严格监管，公司与兵工财务有限责任公司之间的关 联存贷款业务风险可控，公司存放于其的资金安全且独立，不存在被关联人占用的风险。 该报告真实、有效，所得出的结论客观、公正，不存在损害公司及全体股东，特别是中小 股东权益的情形。同意《关于兵工财务有限责任公司 2025 年半年度持续风险评估报告》， 同意将该事项提交公司第五届董事会第三十四次会议审议。 独立董事：胡获、吕先锫、崔晓辉 2025 年 8 月 27 日 北方化学工业股份有限公司 第五届董事会独立董事专门会议2025年第三次会议决议 北方化学工业股份有限公司（以下简称"公司"）第五届董事会独立董事专门会议 2025 年第三次会议的会议通知及材料于 2025 年 8 月 15 日前以邮件、传真、专人送达方式送至 全体独立董事，会议于 2025 年 8 月 27 日在四川省泸州 ...

证券代码：002246 证券简称：北化股份 公告编号：2025-040 北方化学工业股份有限公司 第五届董事会第三十四次会议决议公告 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"）第五届董事会第三十四次会 议的会议通知及材料于 2025 年 8 月 15 日前以邮件、传真、专人送达方式送至全体 董事。会议于 2025 年 8 月 27 日在四川省泸州市公司总部办公楼三楼会议室以现场 结合通讯方式召开。本次会议应出席董事人数 9 人，实际出席董事人数 9 人，其中： 非独立董事赵斌先生、潘健先生，独立董事胡获先生、崔晓辉先生以现场方式出席 会议，非独立董事蒲加顺先生、刘天新先生、尉伟华先生以通讯方式出席会议，非 独立董事朱立勋先生委托赵斌先生行使表决权，独立董事吕先锫先生委托胡获先生 行使表决权。会议由董事长蒲加顺先生主持，公司部分监事、高级管理人员列席了 会议，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： ...

Important Notes, Table of Contents, and Definitions [Important Notes](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The Board of Directors, Supervisory Committee, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report - The company's Board of Directors, Supervisory Committee, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report's content[4](index=4&type=chunk) - The company's responsible person Yang Hecheng, chief accounting officer Shang Hong, and head of the accounting department Du Yongqiang declare the financial report to be true, accurate, and complete[4](index=4&type=chunk) - The company does not plan to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital[5](index=5&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This section lists the structured table of contents for the report, including main chapters and their starting page numbers - The report contains nine main chapters covering company profile, management discussion, corporate governance, significant matters, share changes, bond information, and financial reports[7](index=7&type=chunk) [List of Documents for Inspection](index=4&type=section&id=%E5%82%99%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) This section provides a list of reference documents available for inspection, including signed financial statements and publicly disclosed documents - Reference documents include signed and sealed financial statements, originals of publicly disclosed documents, and the semi-annual report text[9](index=9&type=chunk)[10](index=10&type=chunk)[11](index=11&type=chunk) - All reference documents are kept at the company's securities department[12](index=12&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines the main terms used in the report, clarifying key entities and the reporting period - Key entities such as "the Company," "Ordnance Group," and "Beihua Group" are clearly defined[13](index=13&type=chunk) - The "Reporting Period" is defined as January 1, 2025, to June 30, 2025[13](index=13&type=chunk) Company Profile and Key Financial Indicators [Company Profile](index=6&type=section&id=%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) North Chemical Industries Co, Ltd (Stock Abbreviation: Beihua Stock, Stock Code: 002246) is listed on the Shenzhen Stock Exchange - The company's stock abbreviation is Beihua Stock, and the stock code is 002246[15](index=15&type=chunk) - The legal representative of the company is Yang Hecheng[15](index=15&type=chunk) [Contact Information](index=6&type=section&id=%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) The company's Board Secretary is Shang Hong, and the Securities Affairs Representative is Liu Xuejing - The Board Secretary is Shang Hong, and the Securities Affairs Representative is Liu Xuejing[16](index=16&type=chunk) - The company's contact address is located in Gaoba, Longmatan District, Luzhou City, Sichuan Province[16](index=16&type=chunk) [Other Information](index=6&type=section&id=%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) There were no changes to the company's registered address, office address, website, or information disclosure locations during the reporting period - The company's contact information remained unchanged during the reporting period[17](index=17&type=chunk) - The locations for information disclosure and document preparation remained unchanged during the reporting period[18](index=18&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In the first half of 2025, operating revenue grew by 23.82%, and net profit attributable to shareholders increased by 207.91% Key Accounting Data and Financial Indicators for H1 2025 | Indicator | Current Period (Yuan) | Prior Year Period (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,131,059,861.78 | 913,488,005.07 | 23.82 | | Net Profit Attributable to Shareholders | 106,728,521.19 | 34,662,711.54 | 207.91 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 82,306,291.88 | 4,771,608.58 | 1,624.92 | | Net Cash Flow from Operating Activities | 105,440,542.07 | -44,407,878.84 | 337.44 | | Basic Earnings Per Share (Yuan/share) | 0.19 | 0.06 | 216.67 | | Diluted Earnings Per Share (Yuan/share) | 0.19 | 0.06 | 216.67 | | Weighted Average Return on Equity | 3.71 | 1.20 | 2.51 (percentage points) | | Indicator | End of Current Period (Yuan) | End of Prior Year (Yuan) | Change vs Prior Year-End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 4,691,097,979.50 | 4,567,421,038.41 | 2.71 | | Net Assets Attributable to Shareholders | 2,916,198,708.26 | 2,829,250,904.72 | 3.07 | [Differences in Accounting Data under Domestic and Foreign Accounting Standards](index=7&type=section&id=%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) There were no discrepancies in net profit or net assets between financial reports prepared under Chinese and international accounting standards - The company had no discrepancies in net profit and net assets under domestic and foreign accounting standards during the reporting period[21](index=21&type=chunk)[22](index=22&type=chunk) [Non-recurring Gains and Losses](index=7&type=section&id=%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) Non-recurring gains and losses for the period totaled RMB 24.42 million, mainly from government grants and fair value changes Non-recurring Gains and Losses for H1 2025 | Item | Amount (Yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | -19,072.32 | | Government Grants Recognized in Current Profit/Loss (Excluding those with continuous impact) | 26,739,374.16 | | Fair Value Gains/Losses from Financial Assets/Liabilities Held by Non-financial Enterprises (Excluding Hedging) | 2,141,327.97 | | Other Non-operating Income and Expenses | 31,487.41 | | Other Items Meeting the Definition of Non-recurring Gains/Losses | 289,583.52 | | Less: Income Tax Impact | 4,377,322.56 | | Less: Minority Interest Impact (After Tax) | 383,148.87 | | **Total** | **24,422,229.31** | - Other items meeting the definition of non-recurring gains and losses include a personal income tax handling fee refund of **RMB 210,933.63** and a direct VAT reduction of **RMB 78,649.89**[25](index=25&type=chunk) Management Discussion and Analysis [Principal Business Activities during the Reporting Period](index=9&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company operates a multi-business structure centered on nitrocellulose, protective equipment, and special industrial pumps [Principal Business Activities](index=9&type=section&id=%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company's main businesses cover cellulose derivatives, protective and environmental products, and special industrial pumps - The company operates three main business segments: **nitrocellulose**, **protective and environmental products**, and **special industrial pumps**[27](index=27&type=chunk) - The company is a **global leader** in nitrocellulose production and sales scale since 2004 and is recognized as an "Excellent Supplier" by Fortune 500 companies[27](index=27&type=chunk) - The Protective Equipment Research Institute is China's **sole research and production unit** for "nuclear, chemical, and biological" defense equipment[27](index=27&type=chunk) - The special industrial pumps business maintains a **leading market share** in segments like flue gas desulfurization and phosphate fertilizer pumps[28](index=28&type=chunk) [Industry Development](index=9&type=section&id=%E8%A1%8C%E4%B8%9A%E5%8F%91%E5%B1%95%E6%83%85%E5%86%B5) The nitrocellulose market is stable, while the special industrial pump sector benefits from new energy and mining market growth - Global demand for nitrocellulose is stable, with growth in high-end printing and increased demand for energetic cotton due to international military conflicts[28](index=28&type=chunk) - The activated carbon export market faces cost disadvantages and intense competition, but the high-end catalyst market shows significant potential[29](index=29&type=chunk) - Environmental protection equipment products are showing a growth trend, benefiting from national policies and economic development[29](index=29&type=chunk) - The special industrial pump market is experiencing active demand, driven by new energy materials, mining, metallurgy, and the "Belt and Road" initiative[30](index=30&type=chunk) [Production and Operation of Main Products](index=9&type=section&id=%E4%B8%BB%E8%A6%81%E4%BA%A7%E5%93%81%E7%94%9F%E4%BA%A7%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) The company's main products include nitrocellulose, activated carbon, and protective equipment, with no major changes in operating models Main Products and Their Sub-sectors | Product | Sub-sector | Key Upstream Raw Materials | Key Downstream Applications | | :--- | :--- | :--- | :--- | | Nitrocellulose | Organic Chemical Raw Materials Manufacturing | Refined cotton, nitric acid, alcohol | Propellants, nitro-lacquer, inks, celluloid products, adhesives, leather oil, nail polish | | Activated Carbon & Catalysts | Coal Chemical | Raw coal, coal tar | Industrial exhaust and wastewater treatment, air purification, decolorization, deodorization | | Protective Equipment | Labor Protection | Rubber, paper, composite barrier materials | Labor protection, special protection, industrial hazardous workplace protection | | Environmental Equipment | Environmental Protection | Steel, activated carbon, catalysts, electromechanical and control equipment | Industrial exhaust purification, advanced industrial wastewater treatment | - The company's business model has not undergone significant changes, with the cellulose and derivatives segment using a hybrid model of direct sales and distribution[38](index=38&type=chunk)[40](index=40&type=chunk) - The protective and environmental products are produced based on orders, with sales models including direct sales, team-based project development, bidding, and distributor channels[41](index=41&type=chunk)[42](index=42&type=chunk) [Discussion and Analysis of Company's Operations](index=13&type=section&id=%E5%85%AC%E5%8F%B8%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) In the first half of the year, the company made progress in safety, quality, innovation, and corporate governance - In the first half of the year, the company achieved phased progress in areas such as **safety and supply assurance, quality control, technological innovation, civil-military integration, corporate governance, and talent development**[43](index=43&type=chunk)[44](index=44&type=chunk)[45](index=45&type=chunk) - Key focus areas for the second half of the year include enhancing political standing, strengthening quality and safety, driving innovation, coordinating core business and new ventures, deepening reforms, and reinforcing talent support and party building[46](index=46&type=chunk) - The pump business subsidiary passed performance evaluations for the "Hubei Provincial Enterprise-University Joint Innovation Center Platform" and as a "National Specialized and New 'Little Giant' Enterprise"[44](index=44&type=chunk) [Core Competitiveness Analysis](index=14&type=section&id=%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competitiveness lies in its special qualifications, industry leadership, brand advantage, and strong innovation capabilities - The company possesses **special qualifications in the military industry**, enhancing its core competitiveness[47](index=47&type=chunk) - The company is a **global leader in nitrocellulose production and sales**, its Protective Equipment Research Institute is the sole "dual-assurance" military enterprise for defense, and its pump business holds **70% domestic market share** in phosphate chemical pumps and **40%** in flue gas desulfurization pumps[47](index=47&type=chunk)[48](index=48&type=chunk) - The company has multiple innovation platforms, including the Sichuan Provincial Enterprise Technology Center and the National Enterprise Technology Center, and has received numerous science and technology awards and patents[48](index=48&type=chunk)[49](index=49&type-chunk)[50](index=50&type=chunk) - The company continuously enhances its market operation capabilities through strategies like "borrowing a boat to go to sea," exploring emerging markets, and market transformation[51](index=51&type=chunk) [Analysis of Principal Business](index=15&type=section&id=%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) During the reporting period, main business revenue grew by 23.82%, driven by chemical products and protective equipment YoY Changes in Key Financial Data | Indicator | Current Period (Yuan) | Prior Year Period (Yuan) | YoY Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,131,059,861.78 | 913,488,005.07 | 23.82 | | | Operating Costs | 802,906,722.18 | 691,564,421.45 | 16.10 | | | Income Tax Expense | 16,017,065.96 | 6,265,766.92 | 155.63 | Mainly due to an increase in current income tax expense | | Net Cash Flow from Operating Activities | 105,440,542.07 | -44,407,878.84 | 337.44 | Mainly due to an increase in cash received from sales of goods and services | | Net Cash Flow from Investing Activities | -58,243,806.98 | -254,573,950.17 | 77.12 | Due to changes in investments in wealth management products | | Net Cash Flow from Financing Activities | -11,426,259.77 | -2,511,283.38 | -355.00 | Due to the distribution of 2024 dividends | Operating Revenue Breakdown (by Product) | Product | Current Period Amount (Yuan) | % of Operating Revenue | Prior Year Period Amount (Yuan) | % of Operating Revenue | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Nitrocellulose-related products | 426,379,991.01 | 37.70 | 296,028,745.79 | 32.41 | 44.03 | | Industrial pumps | 259,111,889.13 | 22.90 | 228,062,962.43 | 24.97 | 13.61 | | Protective equipment | 288,064,862.63 | 25.47 | 164,891,930.49 | 18.05 | 74.70 | | Activated carbon and catalysts | 7,804,121.71 | 0.69 | 63,626,650.63 | 6.96 | -87.73 | | Environmental equipment | 6,774,769.51 | 0.60 | 9,518,602.00 | 1.04 | -28.83 | Operating Revenue Breakdown (by Region) | Region | Current Period Amount (Yuan) | % of Operating Revenue | Prior Year Period Amount (Yuan) | % of Operating Revenue | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | South China | 183,797,326.52 | 16.25 | 160,587,747.46 | 17.58 | 14.45 | | East China | 205,296,064.47 | 18.15 | 202,857,796.28 | 22.21 | 1.20 | | International Markets | 171,795,747.00 | 15.19 | 136,674,423.06 | 14.96 | 25.70 | | North China | 364,137,591.69 | 32.19 | 250,380,171.06 | 27.41 | 45.43 | | Southwest China | 139,177,206.67 | 12.31 | 108,749,439.90 | 11.90 | 27.98 | | Northwest China | 66,855,925.43 | 5.91 | 54,238,427.31 | 5.94 | 23.26 | [Analysis of Non-Principal Business](index=16&type=section&id=%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company had no non-principal business activities during the reporting period - The company had no non-principal business activities during the reporting period[56](index=56&type=chunk) [Analysis of Assets and Liabilities](index=17&type=section&id=%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) Total assets increased by 2.71% from the prior year-end, with notable changes in accounts receivable and construction in progress Significant Changes in Asset Composition | Item | End of Current Period (Yuan) | % of Total Assets | End of Prior Year (Yuan) | % of Total Assets | Change in Proportion (percentage points) | | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 1,418,723,997.36 | 30.24 | 1,383,318,563.46 | 30.29 | -0.05 | | Accounts Receivable | 797,269,831.69 | 17.00 | 674,316,361.81 | 14.76 | 2.24 | | Inventory | 393,159,658.17 | 8.38 | 353,947,599.58 | 7.75 | 0.63 | | Fixed Assets | 837,981,011.75 | 17.86 | 872,733,325.55 | 19.11 | -1.25 | | Construction in Progress | 130,030,181.27 | 2.77 | 102,036,668.56 | 2.23 | 0.54 | | Short-term Borrowings | 0.00 | 0.00 | 12,006,299.70 | 0.26 | -0.26 | | Contract Liabilities | 99,090,131.18 | 2.11 | 138,741,170.04 | 3.04 | -0.93 | | Long-term Borrowings | 10,672,500.00 | 0.23 | 0.00 | 0.00 | 0.23 | | Lease Liabilities | 61,507,545.40 | 1.31 | 56,410,937.75 | 1.24 | 0.07 | Assets and Liabilities Measured at Fair Value | Item | Period-End Balance (Yuan) | Period-Beginning Balance (Yuan) | | :--- | :--- | :--- | | Trading Financial Assets | 250,869,178.08 | 245,873,945.21 | | Other Equity Instrument Investments | 725,406.75 | 725,406.75 | | Accounts Receivable Financing | 58,989,961.03 | 48,272,100.99 | | **Total** | **310,584,545.86** | **294,871,452.95** | - As of June 30, 2025, the company's restricted cash and cash equivalents amounted to **RMB 4,024,731.52**, primarily for bank acceptance bill and letter of guarantee deposits[61](index=61&type=chunk) [Investment Status Analysis](index=18&type=section&id=%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) The company's total investment increased by 2.24% year-on-year, with no major equity or non-equity investments during the period Investment Amount during the Reporting Period | Indicator | Investment in Reporting Period (Yuan) | Investment in Prior Year Period (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Investment | 271,714,949.21 | 265,766,216.42 | 2.24 | - The company had no significant equity, non-equity, securities, or derivative investments during the reporting period[63](index=63&type=chunk)[64](index=64&type=chunk) - The technical renovation project for the gas mask production line has been completed and is now in operation[67](index=67&type=chunk) - The 30,000-ton activated carbon expansion project has been terminated due to unfavorable changes in raw material quality and environmental concerns[67](index=67&type=chunk) [Sale of Major Assets and Equity](index=22&type=section&id=%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) The company did not sell any major assets or equity during the reporting period - The company did not sell any major assets during the reporting period[71](index=71&type=chunk) - The company did not sell any major equity during the reporting period[72](index=72&type=chunk) [Analysis of Major Holding and Participating Companies](index=22&type=section&id=%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) Subsidiary Shanxi Xinhua saw a 164.37% increase in net profit, while Xiangyang 525 Pump's net profit decreased by 77.64% Operating Performance of Major Subsidiaries | Company Name | Company Type | Main Business | Operating Revenue (Yuan) | Operating Profit (Yuan) | Net Profit (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | | Shanxi Xinhua Protective Equipment Research Institute Co, Ltd | Subsidiary | Special order protective equipment, activated carbon products, industrial gas masks, etc | 350,525,115.24 | 9,733,310.02 | 14,066,093.04 | | Xiangyang 525 Pump Industry Co, Ltd | Subsidiary | Production and sales of special industrial pumps, spare parts, and special steel castings | 350,459,450.75 | 6,066,172.71 | 4,661,151.11 | - Shanxi Xinhua Protective Equipment Research Institute Co, Ltd's sales revenue **increased by 15.98%** and net profit **increased by 164.37%** in the first half of the year[74](index=74&type=chunk) - Xiangyang 525 Pump Industry Co, Ltd's sales revenue **increased by 11.54%**, but its net profit **decreased by 77.64%** in the first half of the year[74](index=74&type=chunk) [Structured Entities Controlled by the Company](index=23&type=section&id=%E5%85%AC%E5%8F%B8%E6%8E%A7%E5%88%B6%E7%9A%84%E7%BB%93%E6%9E%84%E5%8C%96%E4%B8%BB%E4%BD%93%E6%83%85%E5%86%B5) The company did not control any structured entities during the reporting period - The company did not control any structured entities during the reporting period[75](index=75&type=chunk) [Risks and Countermeasures](index=23&type=section&id=%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces market risks from geopolitical factors and international trade policies, which may impact its export business - The company faces risks from market volatility and supply chain cost changes exacerbated by **geopolitical factors, international trade, and tariff policies**[75](index=75&type=chunk) - The company will actively monitor changes in the geopolitical environment and tax laws of major export countries to anticipate and mitigate potential risks[75](index=75&type=chunk) [Formulation and Implementation of Market Value Management System and Value Enhancement Plan](index=23&type=section&id=%E5%B8%82%E5%80%BC%E7%AE%A1%E7%90%86%E5%88%B6%E5%BA%A6%E5%92%8C%E4%BC%B0%E5%80%BC%E6%8F%90%E5%8D%87%E8%AE%A1%E5%88%92%E7%9A%84%E5%88%B6%E5%AE%9A%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has not disclosed a market value management system or a value enhancement plan - The company has not disclosed a market value management system[76](index=76&type=chunk) - The company has not disclosed a value enhancement plan[76](index=76&type=chunk) ["Dual Improvement of Quality and Return" Action Plan Implementation](index=23&type=section&id=%E2%80%9C%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%E2%80%9D%E8%A1%8C%E5%8A%A8%E6%96%B9%E6%A1%88%E8%B4%AF%E5%BD%BB%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has not disclosed an announcement regarding a "Dual Improvement of Quality and Return" action plan - The company has not disclosed an announcement regarding a "Dual Improvement of Quality and Return" action plan[76](index=76&type=chunk) Corporate Governance, Environment, and Society [Changes in Directors, Supervisors, and Senior Management](index=23&type=section&id=%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) There were no changes in the company's directors, supervisors, or senior management during the reporting period - There were no changes in the company's directors, supervisors, or senior management during the reporting period[77](index=77&type=chunk) [Profit Distribution and Capitalization of Capital Reserve](index=23&type=section&id=%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company does not plan to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the semi-annual period - The company does not plan to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the semi-annual period[78](index=78&type=chunk) [Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=23&type=section&id=%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period[80](index=80&type=chunk) [Environmental Information Disclosure](index=24&type=section&id=%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E6%83%85%E5%86%B5) The company and its main subsidiaries are included in the list of enterprises required to disclose environmental information by law - The company and its three main subsidiaries are included in the list of enterprises required to disclose environmental information by law[81](index=81&type=chunk) - Environmental information disclosure reports can be queried at http://permit.mee.gov.cn[81](index=81&type=chunk) [Social Responsibility](index=24&type=section&id=%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) The company actively engaged in poverty alleviation and rural revitalization through donations and purchasing goods from designated areas - In the first half of the year, the company donated **RMB 50,000** to Peigou Township, Shilou County, and purchased **RMB 98,000** worth of unsold goods from Gannan County[82](index=82&type=chunk) - Four external donation activities totaling **RMB 320,000** are planned for the second half of the year, including **RMB 150,000** for targeted assistance to Chengzhang Village, Milong Township, Yajiang County, Sichuan Province[82](index=82&type=chunk) Significant Matters [Commitments Fulfilled or Overdue by Controlling Shareholders, Related Parties, etc.](index=25&type=section&id=%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) All commitments made by the company's controlling shareholder, shareholders, and related parties were duly fulfilled during the reporting period - Beihua Group and China Ordnance Investment have committed to avoiding horizontal competition, standardizing related-party transactions, and ensuring no occupation of the listed company's funds[84](index=84&type=chunk)[85](index=85&type=chunk)[86](index=86&type=chunk)[87](index=87&type=chunk)[88](index=88&type=chunk)[89](index=89&type=chunk)[90](index=90&type=chunk)[91](index=91&type=chunk) - All committing parties have duly fulfilled their commitments, with no overdue or unfulfilled items[84](index=84&type=chunk)[85](index=85&type=chunk)[86](index=86&type=chunk)[87](index=87&type=chunk)[88](index=88&type=chunk)[89](index=89&type=chunk)[90](index=90&type=chunk)[91](index=91&type=chunk)[92](index=92&type=chunk)[93](index=93&type=chunk)[94](index=94&type=chunk)[95](index=95&type=chunk) [Non-operational Fund Occupation by Controlling Shareholders and Other Related Parties](index=36&type=section&id=%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) There was no non-operational occupation of the company's funds by its controlling shareholder or other related parties during the reporting period - There was no non-operational occupation of the company's funds by its controlling shareholder or other related parties during the reporting period[96](index=96&type=chunk) [Irregular External Guarantees](index=36&type=section&id=%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[97](index=97&type=chunk) [Appointment and Dismissal of Accounting Firm](index=36&type=section&id=%E8%81%98%E4%BB%BB%E3%80%81%E8%A7%A3%E8%81%98%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%83%85%E5%86%B5) The company's semi-annual financial report has not been audited - The company's semi-annual financial report has not been audited[98](index=98&type=chunk) [Bankruptcy and Reorganization Matters](index=36&type=section&id=%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) No bankruptcy or reorganization matters occurred during the reporting period - No bankruptcy or reorganization matters occurred during the reporting period[99](index=99&type=chunk) [Litigation Matters](index=36&type=section&id=%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) The company had no major litigation or arbitration matters during the reporting period - The company had no major litigation or arbitration matters during the reporting period[100](index=100&type=chunk) Other Litigation Matters | Litigation (Arbitration) Details | Amount Involved (RMB 10,000) | Provision for Liabilities | Progress | Outcome and Impact | Enforcement Status | | :--- | :--- | :--- | :--- | :--- | :--- | | In H1 2025, the company was involved in 13 litigation (arbitration) cases, mainly for recovering overdue accounts receivable | 688.98 | No | 5 cases closed, 8 pending | The aforementioned matters have no material impact on the company | Judgments are being enforced as per court rulings | [Penalties and Rectifications](index=37&type=section&id=%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) No penalties or rectifications occurred during the reporting period - No penalties or rectifications occurred during the reporting period[102](index=102&type=chunk) [Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=37&type=section&id=%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E7%9A%84%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5) The company, its controlling shareholder, and actual controller have no record of failing to comply with court judgments or defaulting on significant debts - The company, its controlling shareholder, and actual controller have no record of failing to comply with effective court judgments or having significant overdue debts[103](index=103&type=chunk) [Major Related-Party Transactions](index=37&type=section&id=%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company engaged in routine related-party transactions, including deposits and credit lines with Ordnance Finance Co, Ltd, all at fair market prices - The company had no related-party transactions related to daily operations, asset/equity acquisitions/disposals, joint investments, or non-operating related-party debts during the reporting period[104](index=104&type=chunk)[105](index=105&type=chunk)[106](index=106&type=chunk)[107](index=107&type=chunk) Transactions with Ordnance Finance Co, Ltd | Business Type | Related Party | Relationship | Opening Balance (RMB 10,000) | Current Period Amount (RMB 10,000) | Closing Balance (RMB 10,000) | | :--- | :--- | :--- | :--- | :--- | :--- | | Deposit Business | Ordnance Finance Co, Ltd | Under common control | 129,520.90 | 254,283.64 (Deposited) / 250,668.14 (Withdrawn) | 133,136.40 | | Credit Business | Ordnance Finance Co, Ltd | Under common control | - | 16,762.05 (Actual amount) | - | - All routine related-party transactions were conducted under signed agreements, reflecting professional collaboration and complementary advantages at fair prices, in the interest of the company and all shareholders[111](index=111&type=chunk) [Major Contracts and Their Performance](index=38&type=section&id=%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) The company had no major custody, contracting, or leasing matters, and invested RMB 250 million in bank wealth management products - The company had no custody, contracting, or leasing matters during the reporting period[112](index=112&type=chunk)[113](index=113&type=chunk)[114](index=114&type=chunk) - The company had no major guarantees during the reporting period[115](index=115&type=chunk) Entrusted Wealth Management | Type | Source of Funds | Amount (RMB 10,000) | Outstanding Balance (RMB 10,000) | Overdue Amount (RMB 10,000) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Raised Funds | 25,000 | 25,000 | 0 | [Explanation of Other Major Matters](index=39&type=section&id=%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) The company adjusted its internal management structure and the composition of its board committees during the reporting period - On February 7, 2025, the company adjusted its internal management structure, establishing a procurement center and renaming several departments[118](index=118&type=chunk) - On April 22, 2025, the company adjusted the members of the specialized committees of the fifth Board of Directors[118](index=118&type=chunk) [Major Matters of Subsidiaries](index=40&type=section&id=%E5%85%AC%E5%8F%B8%E5%AD%90%E5%85%AC%E5%8F%B8%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9) There were no major matters concerning the company's subsidiaries during the reporting period - There were no major matters concerning the company's subsidiaries during the reporting period[119](index=119&type=chunk) Changes in Share Capital and Shareholders [Changes in Share Capital](index=41&type=section&id=%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company's total number of shares and share capital structure remained unchanged during the reporting period Share Capital Structure | Share Type | Pre-Change Quantity (shares) | Pre-Change Ratio (%) | Change (+/- shares) | Post-Change Quantity (shares) | Post-Change Ratio (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Shares with Selling Restrictions | 0 | 0.00 | 0 | 0 | 0.00 | | II. Shares without Selling Restrictions | 549,034,794 | 100.00 | 0 | 549,034,794 | 100.00 | | III. Total Shares | 549,034,794 | 100.00 | 0 | 549,034,794 | 100.00 | - There were no changes in the company's total share count, reasons for share changes, approvals, transfers, or share buyback implementation during the reporting period[122](index=122&type=chunk) [Securities Issuance and Listing](index=42&type=section&id=%E8%AF%81%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E4%B8%8A%E5%B8%82%E6%83%85%E5%86%B5) The company did not issue or list any securities during the reporting period - The company did not issue or list any securities during the reporting period[122](index=122&type=chunk) [Number of Shareholders and Shareholding Status](index=42&type=section&id=%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) At the end of the reporting period, the total number of common shareholders was 48,520 - At the end of the reporting period, the total number of common shareholders was **48,520**[123](index=123&type=chunk) Top 5% or Top 10 Shareholders | Shareholder Name | Shareholder Type | Shareholding Ratio (%) | Shares Held at Period-End (shares) | Unrestricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | | Shanxi Xinhua Protective Equipment Co, Ltd | State-owned legal entity | 18.06 | 99,138,233.00 | 99,138,233.00 | | China Ordnance Investment Management Co, Ltd | State-owned legal entity | 10.19 | 55,927,484.00 | 55,927,484.00 | | China North Chemical Research Institute Group Co, Ltd | State-owned legal entity | 7.24 | 39,770,520.00 | 39,770,520.00 | | Luzhou North Chemical Industry Co, Ltd | State-owned legal entity | 5.59 | 30,674,288.00 | 30,674,288.00 | | Xi'an North Huian Chemical Industry Co, Ltd | State-owned legal entity | 5.49 | 30,162,838.00 | 30,162,838.00 | - The top five shareholders are all under the control of **China North Industries Group Corporation Limited**[124](index=124&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=44&type=section&id=%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%8C%81%E8%82%A1%E5%8F%98%E5%8A%A8) There were no changes in the shareholdings of the company's directors, supervisors, and senior management during the reporting period - There were no changes in the shareholdings of the company's directors, supervisors, and senior management during the reporting period[126](index=126&type=chunk) [Changes in Controlling Shareholder or Actual Controller](index=44&type=section&id=%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E6%88%96%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5) There were no changes in the company's controlling shareholder or actual controller during the reporting period - There was no change in the company's controlling shareholder during the reporting period[127](index=127&type=chunk) - There was no change in the company's actual controller during the reporting period[128](index=128&type=chunk) [Information on Preferred Shares](index=46&type=section&id=%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[129](index=129&type=chunk) Bond-related Matters [Bond-related Matters](index=47&type=section&id=%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no bond-related matters during the reporting period - The company had no bond-related matters during the reporting period[131](index=131&type=chunk) Financial Report [Audit Report](index=48&type=section&id=%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's semi-annual financial report has not been audited - The company's semi-annual financial report has not been audited[133](index=133&type=chunk) [Financial Statements](index=48&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the consolidated and parent company financial statements for the first half of 2025 H1 2025 Consolidated Balance Sheet Summary | Item | Period-End Balance (Yuan) | Period-Beginning Balance (Yuan) | | :--- | :--- | :--- | | Total Assets | 4,691,097,979.50 | 4,567,421,038.41 | | Total Liabilities | 1,607,594,219.25 | 1,568,641,173.71 | | Total Equity | 3,083,503,760.25 | 2,998,779,864.70 | | Cash and Cash Equivalents | 1,418,723,997.36 | 1,383,318,563.46 | | Accounts Receivable | 797,269,831.69 | 674,316,361.81 | | Inventory | 393,159,658.17 | 353,947,599.58 | | Fixed Assets | 837,981,011.75 | 872,733,325.55 | | Short-term Borrowings | 0.00 | 12,006,299.70 | | Notes Payable | 426,090,793.22 | 328,380,489.08 | | Accounts Payable | 663,264,950.03 | 658,813,482.31 | H1 2025 Consolidated Income Statement Summary | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 1,131,059,861.78 | 913,488,005.07 | | Operating Profit | 116,363,357.30 | 30,168,322.30 | | Total Profit | 120,494,844.71 | 39,776,519.85 | | Net Profit | 104,477,778.75 | 33,510,752.93 | | Net Profit Attributable to Parent Company Shareholders | 106,728,521.19 | 34,662,711.54 | | Basic Earnings Per Share (Yuan/share) | 0.19 | 0.06 | | Diluted Earnings Per Share (Yuan/share) | 0.19 | 0.06 | H1 2025 Consolidated Cash Flow Statement Summary | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 105,440,542.07 | -44,407,878.84 | | Net Cash Flow from Investing Activities | -58,243,806.98 | -254,573,950.17 | | Net Cash Flow from Financing Activities | -11,426,259.77 | -2,511,283.38 | | Net Increase in Cash and Cash Equivalents | 35,229,839.41 | -298,960,581.45 | [Company's Basic Information](index=66&type=section&id=%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) North Chemical Industries Co, Ltd was listed on the Shenzhen Stock Exchange in May 2008, with stock code 002246 - The company was publicly listed on the Shenzhen Stock Exchange on May 27, 2008, with the stock code **002246**[164](index=164&type=chunk) - The company's main business includes the manufacturing and sales of chemical products, pumps, valves, and protective equipment[165](index=165&type=chunk) - As of June 30, 2025, the company's total share capital was **549,034,794.00** shares[172](index=172&type=chunk)[179](index=179&type=chunk) - The ultimate controlling party of the company is **China North Industries Group Corporation Limited**[183](index=183&type=chunk) [Basis of Preparation of Financial Statements](index=70&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) The financial statements are prepared in accordance with the "Enterprise Accounting Standards" issued by the Ministry of Finance and on a going concern basis - The financial statements are prepared in accordance with the "Enterprise Accounting Standards" and related regulations[191](index=191&type=chunk) - The financial statements are prepared on a going concern basis[192](index=192&type=chunk) [Significant Accounting Policies and Estimates](index=70&type=section&id=%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) This section details the company's accounting policies for business combinations, financial instruments, revenue recognition, and other key areas - The company adheres to enterprise accounting standards to truly and completely reflect its financial position, operating results, and cash flows[194](index=194&type=chunk) - The company uses the Renminbi (RMB) as its functional currency and has an operating cycle of 12 months[196](index=196&type=chunk)[197](index=197&type=chunk) - The company classifies financial assets as those measured at amortized cost, at fair value through other comprehensive income, or at fair value through profit or loss[218](index=218&type=chunk)[219](index=219&type=chunk) - The company applies an expected credit loss model for impairment of financial assets measured at amortized cost, debt instruments at fair value through other comprehensive income, and financial guarantee contracts[243](index=243&type=chunk) - The company recognizes revenue when performance obligations are satisfied, i.e, when the customer obtains control of the related goods or services[302](index=302&type=chunk) [Taxes](index=94&type=section&id=%E7%A8%8E%E9%A1%B9) The company's main taxes include VAT, City Maintenance and Construction Tax, and Corporate Income Tax, with several preferential tax policies applicable Main Taxes and Tax Rates | Tax Type | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax (VAT) | Based on sales revenue and taxable service income as per tax law, net of deductible input tax | 6%, 13% | | City Maintenance and Construction Tax | Based on the actual amount of VAT paid | 7%, 5% | | Corporate Income Tax | Based on taxable income | 25%, 15% | - The company, Xiangyang 525 Pump Industry Co, Ltd, and Shanxi Xinhua Protective Equipment Research Institute Co, Ltd are all subject to a **15%** corporate income tax rate[338](index=338&type=chunk) - The company benefits from the Western Development corporate income tax incentive, while its subsidiaries enjoy high-tech enterprise tax incentives[339](index=339&type=chunk)[340](index=340&type=chunk) [Notes to Consolidated Financial Statement Items](index=95&type=section&id=%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed notes on items in the consolidated financial statements, including assets, liabilities, equity, and income statement accounts - The period-end balance of cash and cash equivalents was **RMB 1.42 billion**, including **RMB 1.33 billion** deposited in a finance company[342](index=342&type=chunk) - The period-end balance of accounts receivable was **RMB 797.27 million**, with a bad debt provision of **RMB 66.07 million**[359](index=359&type=chunk)[360](index=360&type=chunk) - The period-end carrying value of inventory was **RMB 393.16 million**, with a total provision for inventory write-down and contract fulfillment cost impairment of **RMB 16.08 million**[426](index=426&type=chunk) - Operating revenue was **RMB 1.13 billion**, and operating cost was **RMB 802.91 million**[531](index=531&type=chunk) - R&D expenses for the period amounted to **RMB 53.21 million**, all of which were expensed[542](index=542&type=chunk)[586](index=586&type=chunk) [R&D Expenditures](index=141&type=section&id=%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) Total R&D expenditure for the reporting period was RMB 53.21 million, all of which was expensed R&D Expenditure Details | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Direct Inputs | 30,214,641.06 | 21,693,456.82 | | Personnel Costs | 19,536,701.37 | 14,359,986.43 | | Depreciation | 2,179,761.84 | 1,926,326.72 | | Others | 1,279,333.75 | 8,383,453.58 | | **Total** | **53,210,438.02** | **46,363,223.55** | | Of which: Expensed R&D | 53,210,438.02 | 46,363,223.55 | - All R&D expenditures were expensed, with no R&D projects meeting capitalization criteria during the period[586](index=586&type=chunk)[587](index=587&type=chunk) [Changes in the Scope of Consolidation](index=142&type=section&id=%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) There were no changes in the scope of consolidation due to business combinations or disposal of subsidiaries during the reporting period - There were no business combinations under non-common control during the reporting period[590](index=590&type=chunk) - There were no business combinations under common control during the reporting period[596](index=596&type=chunk) - There were no reverse acquisitions or disposals of subsidiaries leading to a change in the scope of consolidation[599](index=599&type=chunk) [Interests in Other Entities](index=145&type=section&id=%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) The company holds controlling interests in several subsidiaries, including Xiangyang 525 Pump and Shanxi Xinhua Protective Equipment Composition of the Enterprise Group | Subsidiary Name | Registered Location | Business Nature | Shareholding Ratio (Direct) | Shareholding Ratio (Indirect) | Acquisition Method | | :--- | :--- | :--- | :--- | :--- | :--- | | Xiangyang 525 Pump Industry Co, Ltd | Xiangyang, Hubei | Manufacturing and Sales | 92.86% | - | Business combination under common control | | Shanxi Xinhua Protective Equipment Research Institute Co, Ltd | Taiyuan, Shanxi | Manufacturing and Sales | 100.00% | - | Business combination under common control | | Xinjiang Xinhua Environmental Technology Co, Ltd | Turpan, Xinjiang | Manufacturing and Sales | - | 51.00% | Newly established | - The minority interest in Xiangyang 525 Pump Industry Co, Ltd is **7.14%**, with profit attributable to minority shareholders for the period being **RMB 332,806.19**[602](index=602&type=chunk) - Ningxia Guanghua Qisi Activated Carbon Co, Ltd is an associate of the company, with an indirect shareholding of **34.00%**[607](index=607&type=chunk) [Government Grants](index=149&type=section&id=%E6%94%BF%E5%BA%9C%E8%A1%A5%E5%8A%A9) The company received new government grants of RMB 1.29 million and recognized a total of RMB 26.74 million in current income Liability Items Related to Government Grants | Account | Opening Balance (Yuan) | New Grants (Yuan) | Amount Transferred to Other Income (Yuan) | Closing Balance (Yuan) | Asset/Income Related | | :--- | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 51,370,431.35 | 1,290,000.00 | 4,125,848.35 | 48,534,583.00 | Asset-related | | Deferred Income | 1,542,787.56 | - | 49,999.98 | 1,492,787.58 | Income-related | Government Grants Recognized in Current Profit or Loss | Account | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Other Income | 11,369,374.16 | 14,781,658.85 | | Cost of Main Business | 11,270,000.00 | 9,080,000.00 | | Non-operating Income | 4,100,000.00 | 4,100,000.00 | | **Total** | **26,739,374.16** | **27,961,658.85** | [Risks Related to Financial Instruments](index=150&type=section&id=%E4%B8%8E%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E7%9B%B8%E5%85%B3%E7%9A%84%E9%A3%8E%E9%99%A9) The company is exposed to credit risk, liquidity risk, and market risk (including currency, interest rate, and other price risks) - The company faces **credit risk, liquidity risk, and market risk** (currency risk, interest rate risk, and other price risks)[617](index=617&type=chunk) - The company mitigates credit risk by placing liquid funds with banks that have high credit ratings[618](index=618&type=chunk) - The company manages liquidity risk by monitoring cash balances, readily marketable securities, and rolling 12-month cash flow forecasts[620](index=620&type=chunk) - Currency risk primarily arises from financial assets and liabilities denominated in **US dollars**[623](index=623&type=chunk) [Hedging](index=152&type=section&id=%E5%A5%97%E6%9C%9F) The company did not engage in hedging activities or apply hedge accounting during the reporting period - The company did not engage in hedging activities for risk management during the reporting period[625](index=625&type=chunk) - The company did not apply hedge accounting during the reporting period[626](index=626&type=chunk) [Financial Assets](index=152&type=section&id=%E9%87%91%E8%9E%8D%E8%B5%84%E4%BA%A7) The company transferred financial assets through note endorsements, with some derecognized and others not, based on risk transfer assessment Financial Asset Transfer Details | Transfer Method | Nature of Transferred Asset | Amount Transferred (Yuan) | Derecognition Status | Basis for Derecognition | | :--- | :--- | :--- | :--- | :--- | | Note Endorsement | Undue bank and commercial acceptance bills in Notes Receivable | 44,053,691.36 | Not derecognized | As the bills are from banks with general credit ratings, credit and payment delay risks are not substantially transferred, thus not derecognized | | Note Endorsement | Undue bank acceptance bills in Accounts Receivable Financing | 27,425,368.79 | Derecognized | As the bills are from highly-rated banks, credit and payment delay risks are minimal, and interest rate risk is transferred, thus derecognized | [Disclosure of Fair Value](index=153&type=section&id=%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E7%9A%84%E6%8A%AB%E9%9C%B2) The total fair value of assets measured at fair value at period-end was RMB 310.58 million, primarily comprising trading financial assets and accounts receivable financing Period-End Fair Value of Assets and Liabilities Measured at Fair Value | Item | Period-End Fair Value (Yuan) | | :--- | :--- | | (I) Trading Financial Assets | 250,869,178.08 | | Accounts Receivable Financing | 58,989,961.03 | | (III) Other Equity Instrument Investments | 725,406.75 | | **Total Assets Continuously Measured at Fair Value** | **310,584,545.86** | - Trading financial assets and accounts receivable financing are measured using **Level 2 fair value inputs**[632](index=632&type=chunk)[633](index=633&type=chunk) - Due to a lack of market information, the investment cost of **RMB 725,406.75** for the equity in Guangzhou North Chemical Co, Ltd is used as the best estimate of its fair value[633](index=633&type=chunk) [Related Parties and Related-Party Transactions](index=154&type=section&id=%E5%85%B3%E8%81%94%E6%96%B9%E5%8F%8A%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company's parent is China North Chemical Research Institute Group, and its ultimate controller is China North Industries Group, with various transactions occurring at fair market prices - The company's parent company is China North Chemical Research Institute Group Co, Ltd, and the ultimate controlling party is China North Industries Group Corporation Limited[634](index=634&type=chunk) Purchases of Goods/Services | Related Party | Transaction Content | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | :--- | | Other subsidiaries of China North Chemical Research Institute Group | Nitric acid, alcohol, etc | 34,587,792.55 | 25,674,900.19 | | Luzhou North Chemical Industry Co, Ltd and its subsidiaries | Electricity, steam, natural gas, water, etc | 26,644,159.30 | 20,222,866.44 | | Other member units of China North Industries Group | Steel plates, activated carbon, etc | 14,254,030.67 | 9,993,567.15 | Sales of Goods/Services | Related Party | Transaction Content | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | :--- | | Other subsidiaries of China North Chemical Research Institute Group | Nitrocellulose, pump/valve products, protective gear | 107,992,140.53 | 89,792,963.25 | | Luzhou North Chemical Industry Co, Ltd and its subsidiaries | Nitrocellulose, pump/valve products, protective gear, services | 71,264,833.62 | 44,642,066.43 | | Other member units of China North Industries Group | Nitrocellulose, pump/valve products, spare parts, protective gear, services | 143,695,736.68 | 120,947,833.34 | - The company has signed various agreements with related parties for energy supply, comprehensive services, and asset leases, all priced based on market principles[638](index=638&type=chunk)[639](index=639&type=chunk)[640](index=640&type=chunk)[647](index=647&type=chunk)[648](index=648&type=chunk) Related-Party Deposits and Interest Income | Related Party | Transaction Content | Period-End Amount (Yuan) | Current Period Amount (Yuan) | | :--- | :--- | :--- | :--- | | Ordnance Finance Co, Ltd | Deposits | 1,331,364,042.31 | - | | Ordnance Finance Co, Ltd | Interest Income | - | 12,404,363.92 | [Share-based Payments](index=162&type=section&id=%E8%82%A1%E4%BB%BD%E6%94%AF%E4%BB%98) The company had no share-based payment arrangements during the reporting period - The company had no share-based payment related matters during the reporting period[689](index=689&type=chunk) [Commitments and Contingencies](index=162&type=section&id=%E6%89%BF%E8%AF%BA%E5%8F%8A%E6%88%96%E6%9C%89%E4%BA%8B%E9%A1%B9) As of June 30, 2025, the company had no significant commitments or contingencies to disclose - As of June 30, 2025, the company had no significant commitments to disclose[690](index=690&type=chunk) - As of June 30, 2025, the company had no significant contingencies to disclose[691](index=691&type=chunk)[692](index=692&type=chunk) [Post-Balance Sheet Events](index=163&type=section&id=%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8%E6%97%A5%E5%90%8E%E4%BA%8B%E9%A1%B9) The company had no significant non-adjusting events, profit distributions, or sales returns after the balance sheet date - The company had no significant non-adjusting events during the reporting period[667](index=667&type=chunk) - The company had no profit distribution plans during the reporting period[668](index=668&type=chunk) - The company had no sales returns during the reporting period[668](index=668&type=chunk) [Other Significant Matters](index=163&type=section&id=%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section discloses the arbitration progress of a cooperation agreement for an activated carbon project - The Lanzhou Arbitration Commission ruled that Xinjiang Heishan Coal Chemical Co, Ltd must pay Shanxi Xinhua Protective Equipment Research Institute Co, Ltd a late performance penalty of **RMB 6,812,773.42**[677](index=677&type=chunk) - As of June 30, 2025, Xinjiang Heishan Coal Chemical Co, Ltd has not fulfilled its payment obligation under the arbitration award[677](index=677&type=chunk) [Notes to Major Items in the Parent Company's Financial Statements](index=165&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E4%B8%BB%E8%A6%81%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed notes on the parent company's financial statement items, including receivables and long-term equity investments - The parent company's accounts receivable at period-end was **RMB 15.74 million**, with a bad debt provision of **RMB 129,987.14**[681](index=681&type=chunk)[682](index=682&type=chunk) - The parent company's other receivables at period-end was **RMB 224.92 million**, mainly consisting of transactions with related parties[705](index=705&type=chunk)[709](index=709&type=chunk)[710](index=710&type=chunk) - The parent company's investment in subsidiaries at period-end was **RMB 1.08 billion**, with no impairment provision[722](index=722&type=chunk)[724](index=724&type=chunk) - The parent company's main business revenue was **RMB 426.38 million**, and the cost of main business was **RMB 273.45 million**[728](index=728&type=chunk) [Supplementary Information](index=174&type=section&id=%E8%A1%A5%E5%85%85%E8%B5%84%E6%96%99) This section provides supplementary details on non-recurring gains and losses, and return on equity and earnings per share calculations Details of Current Non-recurring Gains and Losses | Item | Amount (Yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | -19,072.32 | | Government Grants Recognized in Current Profit/Loss (Excluding those with continuous impact) | 26,739,374.16 | | Fair Value Gains/Losses from Financial Assets/Liabilities Held by Non-financial Enterprises (Excluding Hedging) | 2,141,327.97 | | Other Non-operating Income and Expenses | 31,487.41 | | Other Items Meeting the Definition of Non-recurring Gains/Losses | 289,583.52 | | Less: Income Tax Impact | 4,377,322.56 | | Less: Minority Interest Impact (After Tax) | 383,148.87 | | **Total** | **24,422,229.31** | Return on Equity and Earnings Per Share | Profit for the Reporting Period | Weighted Average ROE (%) | Basic EPS (Yuan/share) | Diluted EPS (Yuan/share) | | :--- | :--- | :--- | :--- | | Net profit attributable to common shareholders | 3.71 | 0.19 | 0.19 | | Net profit attributable to common shareholders after deducting non-recurring gains/losses | 2.86 | 0.15 | 0.15 | Other Submitted Data [Other Major Social Security Issues](index=176&type=section&id=%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E7%A4%BE%E4%BC%9A%E5%AE%89%E5%85%A8%E9%97%AE%E9%A2%98%E6%83%85%E5%86%B5) The company and its subsidiaries had no other major social security issues or administrative penalties during the reporting period - The company and its subsidiaries had no other major social security issues during the reporting period[738](index=738&type=chunk) - The company and its subsidiaries were not subject to administrative penalties during the reporting period[738](index=738&type=chunk) [Register of Investor Relations Activities](index=176&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%8E%A5%E5%BE%85%E8%B0%83%E7%A0%94%E3%80%81%E6%B2%9F%E9%80%9A%E3%80%81%E9%87%87%E8%AE%BF%E7%AD%89%E6%B4%BB%E5%8A%A8%E7%99%BB%E8%AE%B0%E8%A1%A8) The company hosted five investor relations activities during the period, covering topics such as market value management and product profitability - The company hosted **five** research and communication activities during the reporting period, including on-site visits and online meetings[738](index=738&type=chunk) - Topics discussed included market value management, product gross margins, export status, asset restructuring, industry conditions, future profitability, production capacity, product pricing, and foreign trade[738](index=738&type=chunk) [Fund Transactions between the Company and its Controlling Shareholder and Other Related Parties](index=177&type=section&id=%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E4%B8%8E%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E8%B5%84%E9%87%91%E5%BE%80%E6%9D%A5%E6%83%85%E5%86%B5) The company had operational fund transactions with its controlling shareholder and other related parties, with a period-end balance of RMB 225.20 million Fund Transactions with Controlling Shareholder and Other Related Parties | Counterparty Name | Nature of Transaction | Opening Balance (RMB 10,000) | Current Period Inflow (RMB 10,000) | Current Period Outflow (RMB 10,000) | Closing Balance (RMB 10,000) | | :--- | :--- | :--- | :--- | :--- | :--- | | Other subsidiaries of China North Chemical Research Institute Group | Operational | 11,085.59 | 24,756.86 | 25,676.64 | 10,165.81 | | Other member units of China North Industries Group | Operational | 10,604.00 | 17,570.17 | 21,385.15 | 6,789.02 | | Luzhou North Chemical Industry Co, Ltd and its subsidiaries | Operational | 6,408.13 | 15,767.82 | 16,843.31 | 5,332.64 | | Xi'an North Huian Chemical Industry Co, Ltd and its subsidiaries | Operational | 181.60 | 461.55 | 410.61 | 232.54 | | **Total** | **--** | **28,279.32** | **58,556.40** | **64,315.71** | **22,520.01** | - All fund transactions with related parties comply with national laws, regulations, and company policies, with proper reporting and disclosure obligations fulfilled[740](index=740&type=chunk) - Currently, no related parties have overdue payments, and their credit standing is good[740](index=740&type=chunk)

北化股份最新一期业绩显示，截至2025一季报，公司营业总收入4.44亿元、同比增长49.50%，归属净利 润2950.79万元，同比增长365.32%，扣非净利润2371.29万元，同比增长219.30%，流动比率2.243、速动 比率1.973、资产负债率33.78%。 金融界消息 截至2025年8月25日收盘，北化股份（002246）报收于18.3元，下跌1.67%，换手率5.9%， 成交量32.39万手，成交金额5.96亿元。 资金流向方面，今日主力资金净流出5966.00万元，占比成交额10.01%。其中，超大单净流出6480.46万 元、占成交额10.87%，大单净流入514.45万元、占成交额0.86%，中单净流出流入2345.32万元、占成交 额3.94%，小单净流入3620.68万元、占成交额6.08%。 通过天眼查大数据分析，北方化学工业股份有限公司共对外投资了3家企业，参与招投标项目4370次， 知识产权方面有商标信息7条，专利信息280条，此外企业还拥有行政许可171个。 来源：金融界 天眼查商业履历信息显示，北方化学工业股份有限公司，成立于2002年，位于泸州市，是一家以从事化 学原料 ...

Group 1 - The core point of the article is that Beihua Co., Ltd. held its second board meeting of 2025 on August 25, 2025, to discuss risk disposal plans related to its affiliated financial company [1] - For the year 2024, Beihua's revenue composition is as follows: 36.38% from chemical raw materials and chemical products manufacturing, 35.04% from specialized equipment manufacturing, and 28.59% from other specialized chemical product manufacturing [1] - As of the report date, Beihua's market capitalization is 10 billion yuan [1]

第四条 对存款风险的应急处置应遵循以下原则： （一）统一领导，分级负责。存款风险的应急处置工作由领导工作组统一领 导，对董事会负责，具体负责存款风险的防范和处置工作。 （二）各司其职，协调合作。有关部门按照职责分工，积极筹划落实各项防 范化解风险措施，相互协调，共同控制和化解风险。 第一章 总 则 第一条 为有效防范、及时控制和化解北方化学工业股份有限公司（以下简 称"本公司"）及下属分子公司在兵工财务有限责任公司（以下简称"财务公司"） 存款的风险，维护资金安全，保证资金的流动性、盈利性，特制定本应急处置预 案。 第二章 应急处置组织机构及职责 第二条 本公司成立存款风险预防处置领导工作组（以下简称："领导工作 组"），由公司总经理任组长，为领导工作组风险预防处置第一责任人，财务负 责人任副组长，下设办公室，由财务金融部部长担任办公室主任，成员包括财务 金融部、审计部、发展规划部、证券部、公司办公室人员。领导工作组负责组织 开展存款风险的防范和处置工作。对存款风险，任何单位、个人不得隐瞒、缓报、 谎报或者授意他人隐瞒、缓报、谎报。 第三条 公司风险预防处置领导工作组作为风险应急处置机构,一旦财务公 司发生风 ...

金融服务协议 甲方： 北方化学工业股份有限公司 法定代表人：杨和成 地址： 四川省泸州市龙马潭区高坝 电话：0830-2796902 乙方：兵工财务有限责任公司 法定代表人：王世新 地址：北京东城区安定门外青年湖南街 19 号 电话：010-83919971 鉴于： 1. 甲方是依法设立合法存续的上市公司，其股票在深圳证券交易所挂牌交 易，股票简称"北化股份"， 股票代码为"002246"。 2. 乙方是中国兵器工业集团有限公司（以下简称"兵器集团"）下属的唯 一金融机构。乙方于 1996 年中国人民银行以银复[1996]388 号文正式批准筹建 北方工业集团财务有限责任公司，经 2001 年中国人民银行银复[2001]112 号文 件同意财务公司名称变更为"兵器财务有限责任公司"，经 2011 年中国银行业 监督管理委员会北京监管局（京银监复〔2011〕953 号）文件批准乙方名称变更 为"兵工财务有限责任公司"。 乙方注册资本为人民币 634000 万元，经核准的经营范围为：吸收成员单位 存款；办理成员单位贷款；办理成员单位票据贴现；办理成员单位资金结算与收 付；提供成员单位委托贷款、债券承销、非融资性保 ...

北方化学工业股份有限公司 关于公司与兵工财务有限责任公司签订《金融服务协议》暨关联 交易公告 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、关联交易概述 （一）北方化学工业股份有限公司（以下简称"北化股份"或"公司"）与兵工 财务有限责任公司（以下简称"财务公司"）签订的《金融服务协议》即将到期。为 充分发挥资金规模效益，进一步提高资金使用水平，公司拟与财务公司重新签订《金 融服务协议》，财务公司将继续为公司及下属公司提供存款、结算、贷款、委托贷款、 票据业务及其他服务，协议有效期三年。 证券代码：002246 证券简称：北化股份 公告编号：2025-038 （二）财务公司属于本公司实际控制人中国兵器工业集团有限公司（以下简称"兵 器集团"）控股子公司，按照《深圳证券交易所股票上市规则》的规定，本公司与财 务公司属于受同一法人兵器集团控制的关联关系，本次交易构成关联交易。 （三）公司第五届董事会第三十三次会议审议通过了《关于公司拟与兵工财务有 限责任公司签订<金融服务协议>暨关联交易的议案》《关于公司在兵工财务有限责任 公司关联存贷款风险处置预案的议案 ...

兵工财务有限责任公司 风险评估报告 信会师报字[2025]第 ZG30114 号 兵工财务有限责任公司 风险评估报告 目录 | 一、风险评估报告 | …………………………………………………………… | 1 | | --- | --- | --- | | 二、风险评估说明 | …………………………………………………………… | 3 | 风险评估报告 信会师报字[2025]第 ZG30114 号 兵工财务有限责任公司： 我们接受委托，审核了后附的兵工财务有限责任公司(以下简称"财务公司") 管理层截至 2024 年 12 月 31 日止与财务报表相关的资金、信贷、投资、稽核、 信息管理等风险管理体系的制定及实施情况的认定。 建立健全并合理设计风险管理体系并保持其有效性，保证风险管理政策与程 序的真实性和完整性是财务公司管理层的责任。我们的责任是对财务公司与财务 报表相关的风险管理执行情况发表意见。 我们按照《中国注册会计师其他鉴证业务准则第 3101 号——历史财务信息 审计或审阅以外的鉴证业务》的规定执行了审核业务。该准则要求我们计划和实 施审核工作，以对财务公司截至 2024 年 12 月 31 日止与财务报 ...

证券代码：002246 证券简称：北化股份 公告编号：2025-039 北方化学工业股份有限公司 关于召开 2025 年第二次临时股东大会的通知 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。 北方化学工业股份有限公司（以下简称"公司"）第五届董事会第三十三次会 议审议通过了《关于召开2025年第二次临时股东大会的议案》，现将本次股东大会 的有关事项通知如下： 1.现场会议召开时间：2025年9月11日下午2:50 2.网络投票时间为：2025年9月11日上午9:15至9月11日下午3:00。其中：通过 深圳证券交易所交易系统进行网络投票的具体时间为2025年9月11日上午9:15至 9:25，9:30至11:30，下午1:00至3:00；通过深圳证券交易所互联网投票的具体时间 为：2025年9月11日上午9:15至9月11日下午3:00期间的任意时间。 一、召开会议基本情况 （一）股东大会届次：2025年第二次临时股东大会 （二）召集人：北方化学工业股份有限公司第五届董事会 （三）会议召开的合法、合规性：本次股东大会会议的召集、召开程序符合《中 华人民共和 ...