Core Viewpoint - Tongde Chemical (002360.SZ) is facing significant debt and performance pressures, with overdue debts totaling 45.45 million yuan, which is 2.28% of the company's audited net assets for 2024 [2][6]. Debt Situation - As of May 26, the overdue principal and interest for Tongde Chemical and its subsidiary Tongde Kechuang amounted to 45.45 million yuan, with 4.45 million yuan in principal and 98,000 yuan in interest [2][6]. - A month prior, the overdue amount was reported at 30.82 million yuan, indicating a significant increase in overdue debts [3][6]. - The company has faced legal actions, including asset freezes due to disputes with financing leasing companies [4][5]. Financial Performance - In 2024, Tongde Chemical reported revenues of 545 million yuan, a decrease of 43.52% year-on-year, and a net loss of 71.99 million yuan, marking a 116.43% decline compared to the previous year [8]. - The first quarter of 2025 saw revenues of 112 million yuan, down 27.67%, and a net profit decline of 51.51% [8]. - The core business of civil explosives saw a revenue drop of 43.73%, contributing 97.39% of total revenue [8]. Market Conditions - The demand for civil explosives has decreased significantly due to regulatory impacts on mining operations, particularly in Shanxi Province, leading to a drop in both sales and production volumes [9]. - The company reported a 55.78% decline in sales volume and a 55.3% decline in production volume of civil explosives in 2024 [9]. Asset Management - In response to financial pressures, the company has initiated plans to sell assets, including stakes in subsidiaries related to its explosive production business [10]. - The total assets of Tongde Chemical as of March 2025 were 4.668 billion yuan, with a debt-to-asset ratio of 57.11% [9].

Core Viewpoint - Tongde Chemical (002360.SZ) is facing significant debt and performance pressures, with overdue debts amounting to 45.45 million yuan, which is 2.28% of the company's audited net assets for 2024 [1][4][5]. Financial Performance - In 2024, Tongde Chemical reported a revenue of 545 million yuan, a year-on-year decrease of 43.52%, and a net loss of 71.99 million yuan, marking a 116.43% decline compared to the previous year [1][7]. - The company's core business, which includes civil explosive products, saw a revenue drop of 43.73%, contributing to 97.39% of total revenue [7]. - For Q1 2025, the company achieved a revenue of 112 million yuan, down 27.67%, and a net profit of 10.31 million yuan, a decrease of 51.51% year-on-year [7]. Debt Situation - As of May 26, 2023, the overdue debt principal for Tongde Chemical and its subsidiary reached 44.47 million yuan, with unpaid interest of 980,000 yuan [1][4]. - The total assets of Tongde Chemical as of March 31, 2025, were 4.668 billion yuan, with a debt-to-asset ratio of 57.11% and interest-bearing liabilities amounting to 1.646 billion yuan [2][8]. Asset Disposal Plans - Following the disclosure of overdue debts, Tongde Chemical announced plans to sell assets to alleviate financial pressure, including a proposal to transfer up to 45% of its subsidiaries' equity to Inner Mongolia Shengli Explosive Co., Ltd. [9].

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、误导性陈述或重大遗漏。 一、本次债务逾期基本情况 1、2025 年 4 月 25 日，山西同德化工股份有限公司（以下简称"同德化工" 或"公司"）在《证券时报》《上海证券报》和巨潮资讯网披露了《关于公司部 分债务逾期的公告》（公告编号：2025-027）。截至 2025 年 4 月 25 日，公司逾 期债务本金为 30,820,946.72 元，前述逾期债务对应的利息均已按时支付。 2、2025 年 5 月 23 日,公司在《证券时报》《上海证券报》和巨潮资讯网披 露了《关于公司部分银行账户解除冻结的公告》（公告编号：2025-046），公司 归还了平安国际融资租赁有限公司逾期债务 2,986,129.86 元。 3、截至 2025 年 5 月 26 日，公司和全资子公司同德科创材料有限公司（以 下简称"同德科创"）在融资租赁公司等金融机构的债务逾期情况如下： 证券代码：002360 证券简称：同德化工 公告编号：2025-047 山西同德化工股份有限公司 关于公司及全资子公司部分债务逾期的进展公告 二、公司的应对措施 1、公司已与政府 ...

一、银行账户冻结情况 公司与平安国际融资租赁有限公司（以下简称"平安租赁"）因融资租赁合 同纠纷，平安租赁向上海市浦东新区人民法院申请财产保全，上海市浦东新区人 民法院冻结公司名下的银行账户，冻结金额共计2,353,408.35元。具体内容详见 公司于2025年5月13日披露的《关于公司诉讼事项的公告》（公告编号：2025-037）。 二、银行账户解除冻结情况 公司于近日支付平安国际融资租赁有限公司逾期债务2,986,129.86元，上海 市浦东新区人民法院已解除公司基本银行账户的保全措施，解除冻结金额 2,210,453.69元，具体如下： 证券代码：002360 证券简称：同德化工 公告编号：2025-046 山西同德化工股份有限公司 关于公司部分银行账户解除冻结的公告 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、误导性陈述或重大遗漏。 山西同德化工股份有限公司（以下简称"公司"或"同德化工"）于近日获 悉，上海市浦东新区人民法院已解除对公司名下部分银行账户及相关资金的冻结 措施，现将公司部分银行账户解除冻结情况公告如下： 息披露媒体为《证券时报》《上海证券报》和巨潮资讯网， ...

山西同德化工股份有限公司 关于公司部分银行账户被冻结的公告 证券代码：002360 证券简称：同德化工 公告编号：2025-047 二、公司的后续解决措施 公司已与远东国际融资租赁有限公司积极协商和解，充分听取专业法律顾问 单位的意见，妥善处理双方纠纷，依法维护公司的合法权益，争取尽快恢复被冻 结银行账户至正常状态。 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、误导性陈述或重大遗漏。 山西同德化工股份有限公司（以下简称"公司"或"同德化工"）于近日 知悉上海市浦东新区人民法院冻结公司和全资子公司同德科创材料有限公司基 本银行账户，现将有关情况公告如下： 一、银行账户被冻结的基本情况 | 序号 | 账户主体 | 开户行 | 银行帐号 | 账户性质 | 冻结金额（元） | 该账户被冻结余额（元） | | --- | --- | --- | --- | --- | --- | --- | | 1 | 山西同德 化工股份 有限公司 山西同德 | 建设银行 河曲支行 广发银行 | 140016874080500 11334 | 基本户 | 21,258,614.66 | 11,697,12 ...

Group 1: Report Overview - The report is about a research on Tongde Chemical Industry, a company in the chemical products industry, with a research date of May 20, 2025 [1][2][17] Group 2: Research Basic Information - Research object: Tongde Chemical Industry [17] - Industry: Chemical products [2][17] - Reception time: May 20, 2025 [17] - Company reception staff: Chairman Zhang Hong, Financial Controller Jin Fuchun, and Board Secretary Zhang Dong [17] Group 3: Detailed Research Institutions - The reception objects include investors' online questions and others [20] Group 4: Core Views - The civil explosive industry adheres to innovation - driven development, promotes technological progress, digital technology empowerment, supply - side structural reform, and green development [25] - Tongde Chemical Industry has grown into an advantageous backbone civil explosive enterprise integrating scientific research, production, sales, distribution, blasting, and trade, with core competitiveness in location, safety, business model, and operation management [25] - The company is taking measures to improve performance, reduce costs, and enhance competitiveness, such as technological transformation, optimizing the supply chain, and increasing R & D investment [24][26][27] Group 5: Main Content Details R & D and Technological Achievements - In 2024, the company's R & D investment was 1.29539 million yuan, accounting for 2.38% of operating income. It has carried out cooperation with research institutions, achieved phased results in technologies like continuous production of emulsion explosives and intelligent monitoring and control of blasting sites, and launched new products [24] 2025 Q1 Performance - In Q1 2025, the company's operating income was 112 million yuan, a year - on - year decrease of 27.67%, and the net profit attributable to shareholders was 10.3067 million yuan, a year - on - year decrease of 51.51%, mainly due to the technical transformation of production lines [24] Industry Development and Company Status - The civil explosive industry is developing towards innovation, digitalization, and green development. The company has advantages in various aspects and improved production safety and efficiency through technical transformation [25] Cost - Reduction and Efficiency - Enhancement Measures - The company will optimize the production process, use intelligent production technology, strengthen R & D, and cooperate with suppliers to reduce costs [26] Market Share Strategy - The company provides customized services to large customers, optimizes the supply chain, and focuses on high - value - added products to expand market share [27] Response to Audit Issues - The company acknowledges the audit report's issues and will take measures such as government - coordinated debt relief, business recovery, project investment, and management improvement [30][31][33] New Project Progress - The PBAT new material industrial chain integration project with a total investment of about 3.5 billion yuan has completed the main project construction, and the company is seeking investors for this year's production [34]

Core Viewpoint - The company is planning to transfer up to 45% of its subsidiaries' equity related to civil explosives business to Inner Mongolia Shengli Mining Explosives Co., Ltd. to optimize its industrial structure and reduce financial pressure [1][4]. Group 1: Business Operations - The main business of the company includes the research, production, and sales of civil explosives, as well as providing comprehensive blasting engineering solutions [1]. - The civil explosive products segment generated revenue of 530 million yuan, accounting for 97.39% of total revenue, which represents a year-on-year decrease of 43.73% [2]. - The blasting engineering services segment also faced a significant decline, with revenue of 320 million yuan, down 45.49% year-on-year [2]. Group 2: Financial Performance - The company's overall revenue and net profit have decreased due to reduced demand for explosives and blasting services, influenced by regulatory changes in the coal mining sector [3]. - The company reported a shift from profit to loss, attributed to significant impairment provisions for debts from joint ventures and losses from equity investments [3]. Group 3: Strategic Initiatives - The company is actively seeking to expand into new markets and improve internal management [3]. - A major project, the PBAT biodegradable materials integrated project, is underway with a total investment of approximately 3.5 billion yuan, aimed at establishing an automated production line for environmentally friendly materials [3]. - The funds from the equity transfer will be used for the construction of the biodegradable plastics project and to adjust the debt structure, which is expected to enhance operational quality [4].

同德化工：拟转让民爆生产经营业务有关的相关资产 智通财经5月20日电，同德化工(002360.SZ)公告称，公司拟与内蒙古生力民爆股份有限公司签署《关于 转让山西同德民爆有限公司、山西同德爆破工程有限责任公司、忻州同德民爆器材经营有限公司部分股 权的意向框架协议》，拟将三家公司各自不超过45%的股权转让给生力民爆。具体转让方式、转让价 格，双方根据审计、评估及后续的内外部审议情况协商确定。公司拟将与民爆生产经营业务有关的资 产、负债及生产许可等转入山西同德民爆有限公司，完成民爆生产经营业务的分割、调整，使山西同德 民爆有限公司完全承继公司民爆生产有关的全部资产、负债及生产许可。 ...

证券代码：002360 证券简称：同德化工 公告编号：2025-045 山西同德化工股份有限公司 关于拟签署《关于转让山西同德民爆有限公司、山西同德爆破工 程有限责任公司、忻州同德民爆器材经营有限公司部分股权的意 向框架协议》的公告 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、误导性陈述或重大遗漏。 特别提示： 1、本次拟签署的《关于转让山西同德民爆有限公司、山西同德爆破工程有 限责任公司、忻州同德民爆器材经营有限公司部分股权的意向框架协议》（以 下简称"《意向框架协议》"）系各方就转让事宜达成的初步意向协议，属框 架性、意向性协议。具体事宜尚待进一步协商、推进和落实，本事项实施过程 中尚存在不确定因素，最终能否达成存在不确定性，后续具体事项以正式签订 的协议为准，公司将在具体转让事宜明确后，按照《深圳证券交易所主板股票 上市规则》等法律法规及《公司章程》的规定和要求，及时履行相应的董事会 及股东大会决策程序，及时履行信息披露义务。敬请广大投资者谨慎决策，注 意投资风险。 2、本次拟签署的《意向框架协议》涉及的转让事项不构成关联交易，也 不构成《上市公司重大资产重组管理办法》规定 ...

山西同德化工股份有限公司 独立董事提名人声明与承诺 提名人山西同德化工股份有限公司董事会现就提名姚 小民为山西同德化工股份有限公司第八届董事会独立董事 候选人发表公开声明。被提名人已书面同意作为山西同德 化工股份有限公司第八届董事会独立董事候选人（参见该 独立董事候选人声明）。本次提名是在充分了解被提名人职 业、学历、职称、详细的工作经历、全部兼职、有无重大失 信等不良记录等情况后作出的，本提名人认为被提名人符 合相关法律、行政法规、部门规章、规范性文件和深圳证券 交易所业务规则对独立董事候选人任职资格及独立性的要 求，具体声明并承诺如下事项： 一、被提名人已经通过山西同德化工股份有限公司第 八届董事会提名委员会或者独立董事专门会议资格审查， 提名人与被提名人不存在利害关系或者其他可能影响独立 履职情形的密切关系。 是 □ 否 如否，请详细说明：______________________________ 二、被提名人不存在《中华人民共和国公司法》第一百 七十八条等规定不得担任公司董事的情形。 是 □ 否 如否，请详细说明：______________________________ 三、被提名人符合中国证监 ...