Investment Rating - The investment rating for the company is "Buy" and is maintained [3][5]. Core Views - The company reported a revenue of 18.353 billion yuan for the first nine months of 2024, a year-on-year decrease of 9.30%. However, the net profit attributable to the parent company was 196 million yuan, an increase of 3.65% year-on-year, and the net cash flow from operating activities was 1.22 billion yuan, up 25.05% year-on-year [3][4]. - The company is a leader in the C4 industrial chain, focusing on deep processing of raw material carbon four, with significant advantages in product lines and market share [3][4]. - The domestic demand growth is limited, but the export demand for acetone is expected to remain stable due to the rise of new manufacturing industries in Southeast Asia [3][4]. - The butadiene industry chain maintains a high level of prosperity, with the price of polybutadiene rubber showing significant increases [4]. - The MMA (Methyl Methacrylate) business is experiencing a notable increase in demand, driven by applications in various high-growth sectors [4]. - The company is expanding its C3 industrial chain, with several projects already completed, which will enhance its growth potential [5]. - The projected net profits for the company from 2024 to 2026 are estimated to be 350 million yuan, 740 million yuan, and 1.12 billion yuan, respectively, indicating a positive outlook [5]. Financial Summary - For the first nine months of 2024, the company achieved a revenue of 18.353 billion yuan, a decrease of 9.30% year-on-year, while the net profit attributable to the parent company was 196 million yuan, an increase of 3.65% year-on-year [3][4]. - The operating cash flow for the same period was 1.22 billion yuan, reflecting a year-on-year increase of 25.05% [3][4]. - The projected revenue for 2024 is estimated at 31.514 billion yuan, with a gross profit margin expected to improve over the next few years [8].

根据《上市公司股份回购规则》《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，公司在回购期间应当在每个月的前三个交易日 内公告截至上月末的回购进展情况。现将公司股份回购进展情况公告如下： 截至 2024 年 10 月 31 日，公司通过深圳证券交易所交易系统以集中竞价交 易方式累计回购公司股份 22,806,680 股（其中因优先使用回购股份进行可转债 转股导致已回购股数减少 12,267 股），占公司总股本的 0.80%，最高成交价为 5.85 元/股，最低成交价为 4.85 元/股，成交总金额为人民币 119,975,655.66 元 （不含交易费用）。 公司 2023 年年度权益分派实施后，回购股份价格上限由 6.16 元/股（含） 调整为 6.09 元/股（含），调整后的回购股份价格上限自 2024 年 6 月 6 日（除 权除息日）起生效。具体内容详见公司在《证券时报》《证券日报》《上海证券 报》《中国证券报》和巨潮资讯网（www.cninfo.com.cn）披露的相关公告。 证券代码:002408 证券简称:齐翔腾达 公告编号:2024-080 债券代码:128128 债券简 ...

Financial Performance - Revenue for Q3 2024 was RMB 5.62 billion, a decrease of 12.79% year-over-year[2] - Net profit attributable to shareholders for Q3 2024 was RMB 57.54 million, down 65.98% year-over-year[2] - The company's total revenue for the current period was RMB 18.35 billion, a decrease from RMB 20.23 billion in the same period last year[16] - Net profit attributable to parent company shareholders reached RMB 196.48 million, compared to RMB 189.56 million in the previous period[17] - Sales revenue from goods and services reached RMB 19.94 billion, slightly down from RMB 21.03 billion in the previous period[19] - Comprehensive income totaled RMB 211.28 million, up from RMB 180.67 million in the previous period[18] - Basic earnings per share remained stable at RMB 0.07, consistent with the previous period[18] Cash Flow and Liquidity - Operating cash flow for the first nine months of 2024 was RMB 1.22 billion, an increase of 25.05% year-over-year[2] - Operating cash flow increased to RMB 1.22 billion, up from RMB 975.45 million in the previous period[19] - Investment cash flow improved by 53.93% to RMB -595.14 million as new project investments were completed[6] - Investment cash flow showed a net outflow of RMB 595.14 million, an improvement from the previous net outflow of RMB 1.29 billion[20] - Net cash flow from financing activities decreased by 114.31% to RMB -209.16 million due to reduced financing[6] - Financing cash flow had a net outflow of RMB 209.16 million, compared to a net inflow of RMB 1.46 billion in the previous period[20] - Cash and cash equivalents at the end of the period amounted to RMB 1.58 billion, down from RMB 2.01 billion in the previous period[20] - Tax refunds received increased to RMB 145.81 million, up from RMB 91.55 million in the previous period[19] Assets and Liabilities - Total assets as of September 30, 2024, were RMB 25.41 billion, a decrease of 5.10% compared to the end of 2023[2] - The company's total assets at the end of the period were RMB 25.41 billion, a decrease from RMB 26.78 billion at the beginning of the period[14] - The company's total liabilities at the end of the period were RMB 13.21 billion, a decrease from RMB 14.47 billion at the beginning of the period[14] - The company's total equity at the end of the period was RMB 12.20 billion, a decrease from RMB 12.31 billion at the beginning of the period[15] - The company's monetary funds at the end of the period were RMB 2.91 billion, a decrease from RMB 3.11 billion at the beginning of the period[13] - The company's accounts receivable at the end of the period were RMB 1.02 billion, a decrease from RMB 1.09 billion at the beginning of the period[13] - The company's inventory at the end of the period was RMB 1.42 billion, a decrease from RMB 1.76 billion at the beginning of the period[13] Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period is 64,106[7] - Shandong Energy Group New Materials Co., Ltd. holds 53.18% of the shares, totaling 1,511,964,163 shares[7] - The company has repurchased 22,806,680 shares, accounting for 0.80% of the total shares, with a total repurchase amount of RMB 119,975,655.66[11] - The company plans to repurchase shares with a total amount of not less than RMB 100 million and not more than RMB 200 million, at a price not exceeding RMB 6.16 per share[11] Government Subsidies and Financial Expenses - Government subsidies received during Q3 2024 amounted to RMB 6.78 million[4] - Financial expenses decreased by 63.73% to RMB 105.23 million due to reduced financing scale and lower interest rates[5] Construction and Contract Liabilities - Construction in progress increased by 182.61% to RMB 4.79 billion due to technical renovation projects[5] - Contract liabilities increased by 63.90% to RMB 353.96 million due to higher advance payments from customers[5] Convertible Bonds and Subsidiary Liquidation - The remaining convertible bonds "Qixiang Convertible 2" amount to RMB 679,400,600, with 6,794,006 bonds remaining[10] - The company completed the liquidation and deregistration of its wholly-owned subsidiary, Qixiang Tengda (Zibo) Medical Materials Co., Ltd., as part of its business integration and resource optimization strategy[12] R&D and Operating Costs - The company's R&D expenses for the current period were RMB 510.33 million, slightly higher than RMB 504.82 million in the same period last year[16] - The company's total operating costs for the current period were RMB 18.20 billion, compared to RMB 20.16 billion in the same period last year[16] Reporting and Audit - The company's third-quarter report was unaudited[21]

证券代码:002408 证券简称:齐翔腾达 公告编号:2024-077 债券代码:128128 债券简称:齐翔转 2 淄博齐翔腾达化工股份有限公司 关于回购公司股份的进展公告 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。 淄博齐翔腾达化工股份有限公司（以下简称"公司"）于 2024 年 3 月 12 日 召开第六届董事会第九次会议，审议通过了《关于回购股份方案的议案》，同意 公司使用自有资金通过深圳证券交易所交易系统以集中竞价交易方式回购公司 已发行的人民币普通股（A 股）股票，用于实施员工持股计划或股权激励计划。 本次拟回购的资金总额不低于人民币 1 亿元（含），且不超过人民币 2 亿元（含）， 回购价格不高于人民币 6.16 元/股（含）。本次回购股份期限自公司董事会审议 通过回购股份方案之日起不超过 12 个月。具体回购股份的资金总额、回购股份 数量、回购价格等将以回购期限届满时实际回购情况为准。具体内容详见公司在 《证券时报》《证券日报》《上海证券报》《中国证券报》和巨潮资讯网 （www.cninfo.com.cn）披露的相关公告。 公司 2023 ...

证券代码:002408 证券简称:齐翔腾达 公告编号:2024-078 债券代码:128128 债券简称:齐翔转 2 淄博齐翔腾达化工股份有限公司 2024 年第三季度可转换公司债券转股情况的公告 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。 特别提示： 债券代码：128128 债券简称：齐翔转 2 转股价格：人民币 5.46 元/股 转股期限：2021 年 2 月 26 日至 2026 年 8 月 19 日 根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管 指引第 15 号——可转换公司债券》等有关规定，淄博齐翔腾达化工股份有限公 司（以下简称"公司"）现将 2024 年第三季度可转换公司债券（以下简称"齐 翔转 2"）转股及公司股份变动情况公告如下： 一、可转债发行上市基本情况 1、可转债发行情况 经中国证券监督管理委员会证监许可[2020]1342 号文核准，公司于 2020 年 8 月 20 日公开发行了 2,990 万张可转换公司债券（以下简称"可转债"），每 张面值 100 元，发行总额 299,000 万元。 证券代码：002 ...

| 证券代码：002408 | 证券简称：齐翔腾达 | 公告编号：2024-076 | | --- | --- | --- | | 债券代码：128128 | 债券简称：齐翔转 2 | | 淄博齐翔腾达化工股份有限公司 关于不向下修正"齐翔转 2"转股价格的公告 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。 特别提示： 1、截至 2024 年 9 月 24 日，淄博齐翔腾达化工股份有限公司（以下简称"公司"） 股价已出现连续 20 个交易日中至少有 10 个交易日的收盘价低于当期转股价格的 90% 的情形，已触发"齐翔转 2"转股价格向下修正条件。 2、公司于 2024 年 9 月 24 日召开第六届董事会第十四次会议，审议通过了《关 于不向下修正"齐翔转 2"转股价格的议案》，公司董事会决定本次不向下修正"齐 翔转 2"转股价格，且自本次董事会审议通过之日起的六个月内（2024 年 9 月 25 日 至 2025 年 3 月 24 日），如再次触发"齐翔转 2"转股价格向下修正条件，亦不提出 向下修正方案。自 2025 年 3 月 25 日之后，若再次触发 ...

| 证券代码：002408 | 证券简称：齐翔腾达 | 公告编号：2024-075 | | --- | --- | --- | | 债券代码：128128 | 债券简称：齐翔转 2 | | 第六届董事会第十四次会议决议公告 经审议，董事会决定本次不向下修正"齐翔转 2"转股价格，且自本次董事会审 议通过之日起未来六个月内（2024 年 9 月 25 日至 2025 年 3 月 24 日），如再次触发 "齐翔转 2"转股价格向下修正条件，亦不提出向下修正方案。具体内容详见公司在 《证券时报》《证券日报》《上海证券报》《中国证券报》及巨潮资讯网 （www.cninfo.com.cn）上刊登的《关于不向下修正"齐翔转 2"转股价格的公告》。 三、备查文件 淄博齐翔腾达化工股份有限公司第六届董事会第十四次会议决议。 特此公告。 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。 一、董事会召开情况 淄博齐翔腾达化工股份有限公司(以下简称"公司")第六届董事会第十四次会议 通知于 2024 年 9 月 23 日以电子邮件和专人送达方式向全体董事发出，会议于 2024 年 9 ...

关于回购公司股份的进展公告 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。 证券代码:002408 证券简称:齐翔腾达 公告编号:2024-074 债券代码:128128 债券简称:齐翔转 2 淄博齐翔腾达化工股份有限公司 公司 2023 年年度权益分派实施后，回购股份价格上限由 6.16 元/股（含） 调整为 6.09 元/股（含），调整后的回购股份价格上限自 2024 年 6 月 6 日（除 权除息日）起生效。具体内容详见公司在《证券时报》《证券日报》《上海证券 报》《中国证券报》和巨潮资讯网（www.cninfo.com.cn）披露的相关公告。 本次回购股份资金来源为公司自有资金，回购价格未超过回购方案中拟定的 价格上限 6.09 元/股（含）。本次回购符合相关法律法规的规定，符合公司既定 的回购方案。 二、其他说明 公司首次回购股份的时间、回购的股份数量、回购的股份价格及集中竞价交 易的委托时段等符合《深圳证券交易所上市公司自律监管指引第 9 号——回购股 份》的相关规定。具体说明如下： （一）公司未在下列期间内回购股份： 1、自可能对公司证券及其衍生 ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥12,728,704,273.79, a decrease of 7.66% compared to ¥13,785,246,993.79 in the same period last year[10]. - Net profit attributable to shareholders of the listed company reached ¥138,948,282.55, representing a significant increase of 579.81% from ¥20,439,197.98 in the previous year[10]. - The net profit after deducting non-recurring gains and losses was ¥124,433,687.75, up 2,105.60% from ¥5,641,708.38 in the same period last year[10]. - The net cash flow from operating activities was ¥886,434,164.50, an increase of 69.07% compared to ¥524,311,939.18 in the previous year[10]. - Basic earnings per share rose to ¥0.05, a 400.00% increase from ¥0.01 in the same period last year[11]. - Diluted earnings per share also increased to ¥0.05, reflecting a 400.00% growth compared to ¥0.01 in the previous year[11]. - The weighted average return on net assets was 1.18%, up from 0.15% in the previous year[11]. - Total assets at the end of the reporting period were ¥26,177,105,173.42, a decrease of 2.25% from ¥26,780,005,102.93 at the end of the previous year[11]. - Net assets attributable to shareholders of the listed company were ¥11,653,075,303.71, down 1.26% from ¥11,801,281,181.35 at the end of the previous year[11]. Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares[2]. - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[47]. Production and Capacity - The company exported 265,000 tons of products during the reporting period, representing a year-on-year increase of 25%, with foreign exchange earnings increasing by 30%[15]. - The company has the largest production capacity for methyl ethyl ketone (MEK) in the world, with a designed capacity of 260,000 tons per year, capturing 70% of the domestic market share[16]. - The company has established a production capacity of 200,000 tons/year for butadiene, primarily for internal use in producing styrene-butadiene rubber and nitrile latex[17]. - The company is the world's largest producer of maleic anhydride with a designed capacity of 400,000 tons/year, capturing over 35% of the domestic market share[17]. - The catalyst business has a production capacity of 7,000 tons/year, serving over 300 domestic and international clients[17]. - The company has invested in a 700,000 tons/year propane dehydrogenation project and a 300,000 tons/year propylene oxide project, marking significant expansion in the propylene industry chain[17]. Market and Strategic Partnerships - The overseas trade segment has seen increased revenue and profit due to expanded market reach and rising transaction prices[19]. - The company has formed a comprehensive petrochemical deep processing industry chain, extending from C4 to C3 products, enhancing its product structure[20]. - The company has established long-term strategic partnerships with Sinopec, ensuring stable and cost-effective raw material supply[20]. Research and Development - Research and development investment increased by 7.29% to ¥333,614,858.92 from ¥310,946,672.10 in the previous year[25]. - The company has implemented over 120 technical innovations in its acetone production process, leading to superior cost conversion rates and product quality[20]. - The company is positioned as a global leader in acetone and maleic anhydride production, leveraging its scale and advanced technology for competitive advantage[22]. Environmental Compliance - The company has obtained environmental permits for all construction projects, with the main pollutant discharge permits valid until 2029[51]. - The company has 23 main emission outlets for air pollutants, including sulfur dioxide, nitrogen oxides, and particulate matter[52]. - Total emissions of sulfur dioxide reached 764.577 tons, nitrogen oxides 1552.83 tons, and particulate matter 183.743 tons, all within permitted limits[52]. - The company adheres to multiple environmental protection standards, including those for volatile organic compounds and wastewater treatment[50]. - The company has successfully maintained compliance with pollution discharge standards throughout the reporting period[52]. Employee and Labor Relations - The employee stock ownership plan includes 335 employees holding a total of 79,662,841 shares, representing 2.80% of the company's total equity[47]. - The company has established a robust labor safety and welfare system, conducting regular safety education and providing free occupational health check-ups for all production staff[66]. - The company has signed labor contracts with all employees, ensuring compliance with labor laws and protecting workers' rights[66]. Financial Stability and Liabilities - The company's current ratio is 67.92%, and the quick ratio is 55.23%, showing a slight improvement in liquidity[102]. - The debt-to-asset ratio is 53.56%, a decrease of 0.45% from the previous year, indicating improved financial stability[102]. - The interest coverage ratio has increased to 2.14, up 140.45% from the previous year, reflecting better ability to meet interest obligations[102]. - The total assets amount to 26,177,105,173.42 CNY, while total liabilities are 14,000,000,000 CNY, indicating a healthy asset-liability structure[105]. Shareholder Information - The company completed the transfer of 1,305,214,885 shares (45.91% of total shares) from its controlling shareholder to Shandong Energy Group New Materials, increasing the latter's stake to 53.18%[79]. - The major shareholder has pledged to increase their stake by investing between 100 million to 120 million RMB within six months[70]. - The company has repurchased a total of 18,700,080 shares, accounting for 0.66% of the total share capital, with a total transaction amount of 99,150,993.66[82]. Legal and Regulatory Matters - Legal disputes have resulted in a potential liability of 2.03 million RMB, but the company is actively pursuing resolution through mediation[71]. - The company has committed to maintaining financial independence and will not engage in any related party transactions that could harm minority shareholders[70]. Future Outlook - The board of directors expressed confidence in the company's future development during the meeting on January 12, 2024[49]. - The company has set a revenue guidance of 3 billion RMB for the full year 2024, which reflects a projected growth of 10% year-over-year[70].

| 证券代码:002408 | 证券简称:齐翔腾达 | 公告编号:2024-070 | | --- | --- | --- | | 债券代码:128128 | 债券简称:齐翔转 2 | | 淄博齐翔腾达化工股份有限公司 关于 2024 年半年度募集资金存放与使用情况专项报告 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。 截至 2024 年 6 月 30 日，本次募集资金使用金额及结余情况如下： | 项目 | 金额（元） | | --- | --- | | 募集资金净额 | 2,966,543,311.66 | | 减：累计投入募投项目 | 3,001,233,392.01 | | 其中：置换预先投入募投项目的自筹资金 注【1】 | 785,147,398.59 | | 减：暂时补充流动资金 注【2】 | 0.00 | | 减：现金管理支出 注【3】 | 0.00 | | 加：现金管理收益 | 19,031,766.27 | | 加：募集资金利息净额（扣除手续费后） | 15,658,314.08 | | 剩余募集资金金额 | 0.00 | 注【1】：详见本报 ...