证券代码：002440 证券简称：闰土股份 公告编号：2025-026 浙江闰土股份有限公司 第七届董事会第九次会议决议公告 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、误导性陈述或重大遗漏。 浙江闰土股份有限公司（以下简称"公司"）第七届董事会第九次会议于 2025 年 7 月 1 日下午 15:30 在闰土大厦 1902 会议室以现场会议结合通讯方式召开。 召开本次会议的通知已于 2025 年 6 月 24 日以书面、电话和短信方式通知了 各位董事。本次会议由公司董事长阮静波女士主持，会议应参加董事 9 名，实际 出席董事 9 名，其中以通讯方式出席 3 名。公司高级管理人员列席了会议，会议 符合《公司法》和《公司章程》的有关规定。经与会董事认真审议，会议以记名 投票表决方式通过如下议案： 一、审议通过《关于<公司 2025 年员工持股计划（草案）>及其摘要的议案》 关联董事周杰文、阮光栋、丁兴成对本议案回避表决。 为进一步完善公司的法人治理结构，促进公司建立、健全激励约束机制，充 分调动公司董事（不含独立董事）、高级管理人员、中层管理人员及核心员工的 积极性，有效地将股东利 ...

Core Viewpoint - The price of H acid has significantly increased, leading dye companies to cautiously manage their production capacity [1] Company Summaries - Jinji Co. has not yet started trial production of its 8000 tons capacity for H acid [1] - Runtou Co. and Jihua Group have their H acid facilities currently in a state of suspension [1] - Zhejiang Longsheng has some facilities in trial production [1] Industry Insights - Recent data indicates that H acid prices have surpassed 44,000 yuan per ton, reflecting an increase of 8,000 yuan per ton since the beginning of the year [1]

Group 1: REITs Market Overview - The REITs index continues to rise, with property types showing strength this week, indicating a recovery in market activity [2][3] - As of June 13, 2025, the total market value of REITs reached 204.08 billion yuan, an increase of 2.01 billion yuan from the previous week [3][4] - The average weekly increase for property-type REITs was 0.95%, outperforming other categories [4] Group 2: H Acid Market Dynamics - The average market price of H acid as of June 13, 2025, was 41,750 yuan per ton, up 5,750 yuan per ton since early January 2025 [6][7] - Supply-demand tightness is expected to push H acid prices higher, with effective domestic production capacity currently below 60,000 tons, leading to a supply gap of over 10% [8][9] - Companies with integrated production capacity for H acid and reactive dyes, such as Zhejiang Longsheng and Jinchicken Co., are expected to benefit from rising prices [9][10] Group 3: North Exchange Market Insights - As of June 13, 2025, the North Exchange A-share component stocks totaled 267, with an average market capitalization of 3.046 billion yuan [11] - The North Exchange 50 index experienced a decline of 3.11%, while the average daily trading volume increased by 31.28% compared to the previous week [11][12] - The newly listed company, Jiao Da Tie Fa, focuses on intelligent products and services for rail transit, with projected revenue of 335 million yuan for 2024 [12] Group 4: AI Chip Design System Launch - The world's first AI-based chip design system, "Enlightenment," was launched, achieving full automation in chip design processes [14][16] - The system can design a 32-bit RISC-V CPU in just five hours, matching the performance of Intel 486, and has completed its first silicon [16] - This innovation is expected to significantly enhance the efficiency of chip design and development in the semiconductor industry [16] Group 5: New Materials Industry Outlook - The new materials sector is anticipated to enter a growth phase driven by increasing downstream demand and supportive policies [14][25] - Key areas of focus include semiconductor materials, renewable energy technologies, and biodegradable plastics, which are expected to see significant investment and development [19][23] - The industry maintains a "recommended" rating due to its potential for growth and innovation [25]

Investment Rating - The industry is rated as "Recommended" for investment, indicating a favorable outlook for the sector [2][8]. Core Insights - The price center of H acid is expected to rise due to tightening supply and demand dynamics, with a current market average price of 41,750 RMB/ton as of June 13, 2025, reflecting an increase of 5,750 RMB/ton since early January 2025 [6][8]. - The active dye industry is undergoing a phase of industrial upgrading and consolidation, with many small and medium enterprises being eliminated due to sustained price pressure since late 2019 [6][8]. - H acid, a key raw material for producing active dyes, constitutes 30%-50% of the total cost, and its price increase is likely to positively impact active dye prices, which have recently risen from 20 RMB/kg to 23 RMB/kg [6][8]. Summary by Sections Industry Overview - H acid production faces challenges such as high energy consumption and significant environmental pollution, leading to production halts in developed countries, with global capacity concentrated in China and India [6][8]. - Domestic effective H acid capacity is currently below 60,000 tons, resulting in a supply gap exceeding 10% [6][8]. Cost and Pricing Dynamics - The cost support from H acid is expected to facilitate a smoother transmission of price increases in active dyes, benefiting companies with integrated production capacities [6][8]. - The report highlights that companies like Zhejiang Longsheng, Jinchicken Co., Luntai Co., and Jihua Group are well-positioned to benefit from these dynamics [6][8]. Key Companies and Profit Forecast - Key companies to watch include: - Zhejiang Longsheng (Stock Code: 600352.SH) with an estimated EPS of 0.67 for 2025 and a PE ratio of 16 [9]. - Jinchicken Co. (Stock Code: 300798.SZ) currently un-rated but with significant production capacity [9]. - Luntai Co. (Stock Code: 002440.SZ) with an estimated EPS of 0.25 for 2025 and a PE ratio of 33 [9]. - Jihua Group (Stock Code: 603980.SH) with an estimated EPS of 0.25 for 2024 and a PE ratio of 81 [9].

Industry Overview - China is the world's largest producer, trader, and consumer of dyes, accounting for approximately 70% of global dye production [1] - Major dye production areas in China include Zhejiang, Jiangsu, and Shandong provinces, with a high industry concentration [1] - The dye industry is characterized by intense competition, with increasing production capacity both domestically and internationally [1] Company Performance - In 2024, the company achieved a revenue of CNY 5,695,178,073.59, a year-on-year increase of 1.91% [2] - The operating profit for 2024 was CNY 387,299,893.66, reflecting a significant growth of 106.36% [2] - The net profit attributable to shareholders reached CNY 213,487,437.36, marking a substantial increase of 366.42% [2] Q1 2025 Performance - For the first quarter of 2025, the company reported a revenue of CNY 1,278,360,881.91, up by 2.20% year-on-year [3] - Operating profit for Q1 2025 was CNY 73,642,844.60, showing a growth of 78.58% [3] - The net profit attributable to shareholders was CNY 47,793,114.62, a remarkable increase of 3,542.85% [3] Trade Friction Impact - The company's direct export ratio of dye products is low, resulting in minimal short-term impact from trade friction [4] - Long-term effects may arise if trade tensions persist, but the demand for textiles and apparel remains inelastic [4] H Acid Market Dynamics - Domestic effective capacity for H Acid is currently below 60,000 tons, leading to a supply gap exceeding 10% [5] - Historical prices for H Acid have exceeded CNY 100,000 per ton, with current market prices surpassing CNY 40,000 per ton [5] Company H Acid Capacity - The company's H Acid production capacity is located at its subsidiary, Jiangsu Mingsheng, which is currently in a state of suspension [6] Dye Pricing Strategy - Dye product prices are influenced by market supply and demand as well as raw material costs, with the company adopting a market-following pricing strategy [7] Industry Chain Strategy - The company implements a "backward integration" strategy to extend its industry chain, achieving significant results in key intermediate production [8] - The dye industry system has been established, encompassing a complete chain from thermal power, steam, chlorine, and caustic soda to intermediates and dyes [8]

Group 1 - The dye sector is experiencing localized activity, with Jinji Co., Ltd. (300798) hitting the daily limit up [1] - Other companies in the sector, such as Runtu Co., Ltd. (002440), Hualitai (001217), Annoqi (300067), and Zhejiang Longsheng (600352), also saw increases in their stock prices [1]

证券代码：002440 证券简称：闰土股份 公告编号：2025-025 浙江闰土股份有限公司 本公司及董事会全体成员保证公告内容真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏。 特别提示： 浙江闰土股份有限公司（以下简称"公司"）2024 年度利润分配方案已获 2025 年 5 月 23 日 召 开 的 2024 年 度 股 东 大 会 审 议 通 过 。 以 公 司 目 前 总 股 本 因公司回购股份不参与分红，本次权益分派实施后，根据股票市值不变原则， 实施权益分派前后公司总股本保持不变，现金分红总额分摊到每一股的比例将减 小，因此，本次权益分派实施后除权除息价格计算时，每 10 股现金红利应以 金 红 利 = 现 金 分 红 总 额 / 总 股 本 × 10 ， 即 1.459964 元 =164,099,983.35 元 ÷ 股（保留七位小数）=164,099,983.35 元÷1,123,999,905 股。 综上，在保证本次权益分派方案不变的前提下，2024 年度权益分派实施后 的除权除息价格按照上述原则及计算方式执行，即本次权益分派实施后的除权除 息价格=股权登记日收盘价-0.1459 ...

证券代码：002440 证券简称：闰土股份 公告编号：2025-025 浙江闰土股份有限公司 2024 年度分红派息实施公告 本公司及董事会全体成员保证公告内容真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏。 特别提示： 浙江闰土股份有限公司（以下简称"公司"）2024 年度利润分配方案已获 2025 年 5 月 23 日召开的 2024 年度股东大会审议通过。以公司目前总股本 1,123,999,905 股 扣 除 回 购 专 用 证 券 账 户 持 有 的 股 份 30,000,016 股后的 1,093,999,889 股为基数，向全体股东每 10 股派发现金红利 1.5 元（含税），共计 164,099,983.35 元。 因公司回购股份不参与分红，本次权益分派实施后，根据股票市值不变原则， 实施权益分派前后公司总股本保持不变，现金分红总额分摊到每一股的比例将减 小，因此，本次权益分派实施后除权除息价格计算时，每 10 股现金红利应以 1.459964 元计算（保留六位小数，最后一位直接截取，不四舍五入）。每 10 股现 金红利=现金分红总额/总股本×10，即 1.459964 元=164, ...

智通财经6月10日电，染料股盘中持续走强，宝丽迪20CM涨停，吉华集团此前涨停，联合化学涨超 7%，锦鸡股份、七彩化学、闰土股份、安诺其等跟涨。 染料股震荡走强 宝丽迪20CM涨停 ...

Group 1 - The dye sector experienced a short-term surge, with Polyride (300905) hitting the daily limit, indicating strong market interest [1] - Jihua Group (603980) previously reached its limit, suggesting a trend of investor confidence in the sector [1] - Other companies such as Wanfeng Co. (603172), Jinchicken Co. (300798), Qicai Chemical (300758), Annuoqi (300067), and Runtu Co. (002440) also saw price increases, reflecting a broader rally in the dye industry [1]