Financial Performance - The company's operating revenue for 2024 was CNY 3,524,360,122.59, a decrease of 2.49% compared to CNY 3,614,477,683.62 in 2023[21] - The net profit attributable to shareholders for 2024 was a loss of CNY 119,953,643.52, representing a decline of 264.06% from a profit of CNY 73,113,919.75 in 2023[21] - The basic earnings per share for 2024 was CNY -0.1882, a decline of 267.14% compared to CNY 0.1126 in 2023[21] - The net profit attributable to shareholders was CNY -119.95 million, a year-on-year decline of 264.06%[65] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -125.33 million, a year-on-year decrease of 246.08%[65] - The gross profit margin for the pesticide segment was 8.38%, reflecting a decrease of 5.76% year-on-year[69] Cash Flow and Assets - The net cash flow from operating activities improved significantly to CNY 317,958,732.39, a 444.56% increase from a negative cash flow of CNY 92,280,094.03 in 2023[21] - The company's total assets at the end of 2024 increased by 7.33% to CNY 8,640,792,209.03 from CNY 8,050,482,608.58 in 2023[21] - The net assets attributable to shareholders decreased by 7.65% to CNY 4,228,493,857.52 from CNY 4,578,569,633.45 in 2023[21] - The net cash flow from operating activities increased by 444.56% year-on-year, primarily due to reduced cash payments for goods and services as a result of the relocation of the Jiangsu plant[83] Market and Industry Trends - The global pesticide market has grown from $35.57 billion in 2006 to $87.7 billion in 2022, with a compound annual growth rate of approximately 5.80%[31] - China accounts for over 50% of the global pesticide production, indicating a strong position in the global market[32] - The industry is undergoing consolidation towards larger, more efficient operations, driven by increased competition and environmental pressures[33] - The company is focusing on the development of new environmentally friendly pesticides, which are expected to grow rapidly due to stricter regulations on traditional pesticides[34] Production and Capacity - The production capacity for the main product, raw medicine, is 43,910 tons/year, with a utilization rate of 60.82%[47] - The production capacity for the formulation is 20,000 tons/year, with a utilization rate of 88.42%[47] - The company has an annual production capacity of 6,400 tons for Fluazifop-P-butyl, positioning it as a leading producer and exporter in the domestic market[50] - The production capacity for Imidacloprid is 3,000 tons per year, with approximately 50% allocated for export, achieving full production and sales[51] - The company has successfully created 30 new pesticide varieties with independent intellectual property rights, achieving a cumulative promotion area of over 300 million mu, with some products exceeding sales of 200 million yuan[35] Research and Development - The company has a strong R&D team and has undertaken multiple national and provincial-level research projects[55] - The company emphasizes the development of high-efficiency, low-toxicity, and low-residue pesticides as a key focus for future R&D[108] - The company has established partnerships with numerous research institutions for technological innovation and product development[55] Environmental Compliance - The company has implemented a comprehensive environmental management system, achieving ISO 14001 certification[58] - The company adheres to environmental protection laws and standards, including the surface water quality standard GB3838-2002 for the Yangtze River section[163] - The company executes wastewater discharge standards, including the COD limit of ≤350 mg/L as per local regulations[163] - The company has established various environmental management systems and emergency response plans to ensure compliance with national regulations and industry standards[174] Governance and Management - The company has implemented a governance structure that includes a board of directors with independent members to enhance decision-making efficiency and risk management[122] - The company has established a comprehensive performance evaluation system and compensation scheme for senior management, linking their income directly to work performance[138] - The company has maintained communication with independent directors through various channels to monitor operational and financial conditions[144] Shareholder Relations - The company plans to distribute cash dividends of RMB 2 per 10 shares (including tax) to all shareholders, with the distribution completed by June 2024[151] - The company distributed cash dividends of 127.32 million yuan in June 2024, representing 20% of the distributable profits for the year, in line with its shareholder return plan[185] - The company commits to distributing at least 20% of its distributable profits as cash dividends annually over the next three years, contingent on profitability and no major investment plans[194] Risk Management - The company acknowledges risks related to industry competition, capacity expansion, raw material price fluctuations, and environmental policies[4] - The company has established risk management strategies to mitigate operational, safety, environmental, and financial risks[155] - The company faces significant risks including price competition, with the agricultural pesticide market being characterized by low concentration and intense price competition[113] Social Responsibility - The company engaged in social responsibility by participating in charitable activities, with total donations amounting to 8.8569 million yuan in 2024[188] - The company has conducted annual emergency response drills for environmental incidents, ensuring preparedness for potential environmental emergencies[179]

股票代码：002391 股票简称：长青股份 公告编号：2025-008 江苏长青农化股份有限公司 关于 2024 年度拟不进行利润分配的专项说明 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。 江苏长青农化股份有限公司（以下简称"公司"）于 2025 年 4 月 16 日召开 第九届董事会第二次会议和第九届监事会第二次会议，审议通过了《2024 年度 利润分配预案》，公司拟定 2024 年度利润分配预案为：2024 年度不派发现金红 利，不送红股，不以资本公积金转增股本，该议案尚需提交公司 2024 年度股东 大会审议，现将有关事项公告如下： 一、审议程序 （一）董事会对议案审议和表决情况 2025年4月16日，公司第九届董事会第二次会议审议通过了《2024年度利润 分配预案》，并同意将本议案提交公司2024年度股东大会审议。 （二）监事会对议案审议和表决情况 2025年4月16日，公司第九届监事会第二次会议审议通过了《2024年度利润 分配预案》，经核查，鉴于公司2024年度未实现盈利，同意2024年度利润分配预 案。该利润分配预案符合中国证监会《上市公司监 ...

Investment Rating - The industry investment rating is "Recommended" (maintained) [1] Core Viewpoints - The chemical industry is expected to enter a replenishment cycle in 2025 due to several factors, including decreasing inventory levels, bottoming out of profits, and institutional holdings reaching a low point [8][30] - The supply-demand tension in phosphate rock is likely to continue, with a potential revaluation of its value, particularly focusing on the capacity expansion of Batian Co., Ltd [4][6] - The impact of the new round of tariffs imposed by the U.S. on Chinese chemical enterprises is expected to be limited, as the U.S. still needs to import a significant amount of chemical products from China [4] Summary by Sections Market Performance - The basic chemical sector showed a performance of 0.0% over the last month, 8.4% over the last three months, and 1.2% over the last year, compared to the CSI 300 index which had performances of -0.7%, 2.3%, and 8.2% respectively [2] Investment Suggestions - Focus on companies with low-cost expansion opportunities, such as Wanhu Chemical, and those in the tire and fertilizer sectors [8] - Highlight the potential for increased demand in phosphate fertilizers and lithium iron phosphate batteries, with ongoing projects in fine phosphate chemicals [4][6] - Emphasize high dividend yield opportunities in state-owned enterprises within the chemical sector, including China Petroleum and China National Offshore Oil Corporation [10] Key Company Tracking - Batian Co., Ltd. plans to expand its phosphate rock production capacity from 900,000 tons/year to 2 million tons/year, with additional projects underway [6] - The chemical industry is expected to benefit from rising prices in sulfuric acid, acrylic acid, and synthetic ammonia, with a focus on companies like Batian Co., Ltd. and others in the phosphate sector [7][9] Price Trends - As of April 3, 2025, the price of phosphate rock was 1,038 CNY/ton, with slight fluctuations in related fertilizer prices [19] - The Brent and WTI crude oil prices were reported at 66.06 and 62.32 USD/barrel, respectively, indicating a week-on-week decrease of approximately 9.98% and 9.73% [12]

长青股份最新一期业绩显示，截至2024三季报，公司营业总收入26.66亿元、同比减少4.41%，归属净利 润4384.35万元，同比减少79.62%，扣非净利润1585.65万元，同比减少92.99%，流动比率1.178、速动比 率0.655、资产负债率50.83%。 天眼查商业履历信息显示，江苏长青农化股份有限公司，成立于2001年，位于扬州市，是一家以从事化 学原料和化学制品制造业为主的企业。企业注册资本64959.255万人民币，实缴资本40146.4479万人民 币。公司法定代表人为于国权。 长青股份（002391）3月24日主力资金净流入 6805.76万元 金融界消息 截至2025年3月24日收盘，长青股份（002391）报收于5.74元，上涨9.96%，换手率8.39%， 成交量38.96万手，成交金额2.17亿元。 资金流向方面，今日主力资金净流入6805.76万元，占比成交额31.37%。其中，超大单净流入7890.23万 元、占成交额36.37%，大单净流出1084.46万元、占成交额5.0%，中单净流出流出3698.69万元、占成交 额17.05%，小单净流出3107.08万元、占成交额 ...

2025 年 03 月 16 日 行业研究 评级：推荐(维持) 研究所： 证券分析师： 李永磊 S0350521080004 liyl03@ghzq.com.cn 证券分析师： 董伯骏 S0350521080009 dongbj@ghzq.com.cn 联系人 ： 仲逸涵 S0350123070022 zhongyh@ghzq.com.cn [Table_Title] 欧美 MDI 厂商发布涨价函，关注铬盐在军工领 域的应用 ——基础化工行业周报 最近一年走势 | 行业相对表现 | | | 2025/03/14 | | --- | --- | --- | --- | | 表现 | 1M | 3M | 12M | | 基础化工 | 4.1% | 0.5% | 9.7% | | 沪深 300 | 1.7% | 1.9% | 12.5% | 相关报告 《基础化工行业周报：振华股份铬盐价格上涨，中 策橡胶 IPO 过会（推荐）*基础化工*李永磊，董伯 骏》——2025-02-16 《基础化工行业周报：轮胎原材料价格指数走低， 赛轮轮胎拟扩建柬埔寨工厂（推荐）*基础化工*李 永磊，董伯骏》——2025-01-12 《基 ...

1、2024年2月5日，公司首次通过股份回购专用证券账户以集中竞价方式回 购股份890,000股，占公司总股本的0.14%，最低价4.48元/股，最高价4.77元/股， 支付总金额为4,117,399.00元（不含交易费用）。具体内容详见刊载于2024年2月 6日《证券时报》、《上海证券报》及巨潮资讯网的《关于首次回购公司股份的 公告》（公告编号：2024-008）。 2、回购实施期间，公司严格按照《深圳证券交易所上市公司自律监管指引 第9号——回购股份》等相关规定，在每个月的前三个交易日内披露截止上月末 股票代码：002391 股票简称：长青股份 公告编号：2025-003 江苏长青农化股份有限公司 关于回购公司股份完成暨股份变动的公告 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。 江苏长青农化股份有限公司（以下简称"公司"）于2024年1月31日召开的第 八届董事会第九次会议审议通过了《关于回购公司股份方案的议案》。公司决定 使用自有资金以集中竞价方式回购公司股份，回购的公司股份用于员工持股计划 或者股权激励。公司本次回购股份价格不超过人民币8.95元/ ...

Financial Performance Forecast - The company expects a net profit loss of 80 million yuan for 2024, a decrease of 209.42% compared to the previous year's profit of 73.11 million yuan[3] - The net profit after deducting non-recurring gains and losses is projected to be a loss of 90 million yuan, down 204.90% from the previous year's profit of 85.80 million yuan[3] - Basic earnings per share are expected to be a loss of 0.12 yuan, compared to a profit of 0.11 yuan in the same period last year[3] - The company reported a significant decline in both net profit and net profit after non-recurring items compared to the previous year[3] Factors Affecting Performance - The decline in performance is attributed to reduced capacity utilization due to the relocation of the Jiangsu plant and increased costs[5] - The agricultural pesticide industry is experiencing a downturn, leading to intensified market competition and a decrease in sales prices, which has negatively impacted gross margins[5] Audit and Financial Data - The company has not undergone a preliminary audit by the registered accounting firm, and the data provided is based on initial estimates[4] - The company emphasizes the importance of the final audited results for accurate financial reporting[4] - Investors are advised to be cautious as the financial data is subject to change and will be finalized in the 2024 annual report[6] Reporting Period - The performance forecast period is from January 1, 2024, to December 31, 2024[3]

江苏长青农化股份有限公司 证券代码:002391 证券简称:长青股份 江苏长青农化股份有限公司投资者关系活动记录表 编号: 2025-001 | 投资者关系活动 | √特定对象调研□分析师会议□媒体采访 | | --- | --- | | 类别 | □业绩说明会□新闻发布会□路演活动 | | | □现场参观□其他（请文字说明其他活动内容） | | 参与单位名称 | 天风证券-唐婕;平安养老-袁帅;中欧基金-息荣雪,永赢基金- | | 及人员姓名 | 林伟昊;大成基金-刘芳琳;长盛基金-赵启超;华泰柏瑞-丁续; | | | 财通资管-郭齐坤;前海开源基金-黄傲雪 | | 时间 | 2025.1.7 10:00-11:30 | | 地点 | 公司会议室 | | 接待人员姓名 | 财务总监兼董事会秘书:马长庆 | | | 证券事务代表:肖刚 | | 投资者关系活动 | 投产。 | | | 1、公司沿江厂区的腾退搬迁的进度如何? 目前,公司沿江厂区搬迁工作已接近尾声,新厂区的硬件建 | | | 设已基本完成,现新旧厂区之间正在有条不紊的进行产能切换工 | | | 作,新厂区部分车间已投入试生产,其余车间也在做试产前的 ...

江苏长青农化股份有限公司 董事会提名委员会关于聘任公司高级管理人员的审核意见 江苏长青农化股份有限公司（以下简称"公司"）第九届董事会第一次会议于2024 年12月9日召开，拟审议关于聘任公司高级管理人员的议案。根据《公司章程》、《公 司独立董事工作制度》等有关规定，董事会提名委员会根据公司的提议，查阅了拟 聘任公司高级管理人员候选人的个人资料并广泛征求意见，就公司拟聘任公司高级 管理人员候选人发表如下意见： 1、本次推荐的拟聘任公司总经理孙霞林先生，公司副总经理杜刚先生、孔擎 柱先生、赵河先生、李剑先生、夏中才先生、李诚先生、王辉先生、张琳先生，公 司总工程师吕良忠先生，公司财务总监马长庆先生、公司董事会秘书马长庆先生均 具备有关法律法规和《公司章程》所规定的上市公司高级管理人员任职资格，具备 履行高级管理人员职责所必需的工作经验，未受到过中国证监会及其他有关部门的 处罚和证券交易所纪律处分，不存在被司法机关立案侦查或者涉嫌违法违规被中国 证监会立案稽查情况；不存在《深圳证券交易所上市公司自律监管指引第1号——主 板上市公司规范运作》第3.2.2条所规定情形；不存在被中国证监会在证券期货市场 违法失信信息公 ...

股票代码：002391 股票简称：长青股份 公告编号：2024-047 江苏长青农化股份有限公司 第九届董事会第一次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 江苏长青农化股份有限公司（以下简称"公司"）第九届董事会第一次会议于 2024 年 12 月 9 日在扬州市文昌东路 1002 号以现场方式召开，本次会议经全体董事 同意豁免通知期限。会议由董事长于国权先生召集并主持，会议应到董事 7 名，现 场参会董事 7 名，公司监事和部分高级管理人员列席了会议。本次会议的召集、召 开程序及出席会议的董事人数符合《公司法》和《公司章程》的规定。 经与会董事认真审议，本次会议以记名投票表决方式通过了以下决议： 一、审议通过了《关于选举公司董事长的议案》 同意选举于国权先生担任公司第九届董事会董事长，任期三年，自本次董事会 审议通过之日起至第九届董事会届满。 本议案以 7 票同意，0 票弃权，0 票反对，获得通过。 公司董事长于国权先生的简历详见 2024 年 11 月 21 日刊登在巨潮资讯网的《江 苏长青农化股份有限公司第八届董事会第十三次会议决议 ...