利民股份（002734）公告，预计上半年净利润2.6亿元-2.8亿元，同比增长719.25%-782.27%，公司主要 产品销量和价格同比上涨、毛利率提升以及参股公司业绩上涨带来投资收益增加。 ...

2、预计的业绩：亏损 扭亏为盈 同向上升 同向下降 股票代码：002734 股票简称：利民股份 公告编号：2025-061 利民控股集团股份有限公司 2025 年半年度业绩预告 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。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日—2025 年 6 月 30 日 特此公告。 利民控股集团股份有限公司董事会 | 项 目 | 本报告期 上年同期 | | | --- | --- | --- | | 归属于上市公司 | 盈利：26,000 万元-28,000 万元 盈利：3,173.62 万元 | | | 股东的净利润 | 比上年同期上升：719.25%-782.27% | | | 扣除非经常性损 | 盈利：24,700 万元—26,800 万元 盈利：2,837.88 | 万元 | | 益后的净利润 | 比上年同期上升：770.37%-844.37% | | | 基本每股收益 | 盈利：0.67 元/股-0.72 元/股 盈利：0.09 元/股 | | 二、业绩预告预审计情况 公司本次业绩预告未经注册会 ...

Core Viewpoint - Limin Co., Ltd. plans to reduce its shareholding by up to 13.1 million shares, accounting for 3% of its total equity, primarily to meet financing repayment needs, despite recent performance improvements in the company [1][2]. Group 1: Shareholding Reduction - The controlling shareholder, Li Ming, intends to reduce his stake through block trading and centralized bidding within 90 days after 15 trading days from the announcement date [1]. - The planned reduction will yield approximately 265 million yuan based on the closing price of 20.20 yuan per share on July 10 [1]. - Three senior executives also disclosed their plans to reduce their holdings, totaling 296,000 shares, for similar financing repayment reasons [1]. Group 2: Financial Performance - Limin Co., Ltd. has experienced a decline in net profit over the past three years, with figures of 307 million yuan, 219 million yuan, and 62.05 million yuan, reflecting year-on-year decreases of 20.49%, 28.63%, and 71.67% respectively [2]. - In 2024, the company reported a revenue of 4.237 billion yuan, a slight increase of 0.32%, and a net profit of 81.36 million yuan, marking a year-on-year growth of 31.11% [2]. - The first quarter of 2024 showed a significant turnaround with revenues of 1.211 billion yuan, up 22.28%, and a net profit of 108 million yuan, compared to a loss of 8.49 million yuan in the same period last year [2]. Group 3: Market Dynamics and Strategy - The company's strong performance in Q1 2024 is attributed to high demand for its leading products, particularly due to the outbreak of soybean rust in Brazil and low inventory levels [3]. - Price increases for key products like Mancozeb and Abamectin are driven by supply constraints and rising demand [3]. - Limin Co., Ltd. plans to enhance its formulation R&D, focus on international market expansion, and optimize asset structure through various capital operations, including mergers and acquisitions [3].

Group 1 - The controlling shareholder and actual controller of the company, Li Ming, plans to reduce his holdings by up to 13,104,920 shares, accounting for 3% of the total share capital, within 90 natural days after the announcement [1] - The reduction will occur through block trades (up to 2% of total share capital) and centralized bidding (up to 1% of total share capital) due to financing repayment needs [1] - As of the announcement date, Li Ming holds 73,734,050 shares, representing 16.88% of the company's total share capital, which were acquired before the company's initial public offering [1] Group 2 - The company issued convertible bonds with a total face value of RMB 980 million, with a term of 6 years, and the actual net funds raised amounted to RMB 965,945,283.02 after deducting issuance costs [2] - The issuance involved 9,800,000 bonds at a face value of RMB 100 each, with total issuance costs of RMB 12,250,000 [2] Group 3 - The cash received from sales and services for the years 2022 to 2024 was RMB 4.003 billion, RMB 3.151 billion, and RMB 2.962 billion, respectively [3] - The net cash flow from operating activities for the same years was RMB 643 million, RMB 471 million, and RMB 374 million, respectively [3]

Market Overview - The Dow Jones Industrial Average increased by 0.43%, the Nasdaq by 0.09%, and the S&P 500 by 0.27%, with both the S&P 500 and Nasdaq reaching new closing highs [3] - Major technology stocks showed mixed results, with Tesla rising by 4.7% and Nvidia's market cap surpassing $4 trillion [3] - Bitcoin-related stocks saw gains, with Coinbase increasing by over 4% [3] - The initial jobless claims in the U.S. were reported at 227,000, lower than the expected 235,000 [3] Pension Adjustment - The Ministry of Human Resources and Social Security and the Ministry of Finance announced a pension adjustment for retirees starting January 1, 2025, with an overall increase of 2% based on the average monthly pension of retirees by the end of 2024 [4] U.S.-China Economic Relations - The Ministry of Commerce stated that since May, U.S. and Chinese economic teams have maintained close communication to stabilize trade relations, following agreements reached in Geneva and London [5] Industry Developments - The China Securities Regulatory Commission announced adjustments to the trading limits and margin requirements for polysilicon futures contracts starting July 14, 2025 [6] - The retail sales of new energy vehicles in China reached 135,000 units in early July, a year-on-year increase of 21%, with a cumulative retail of 6.583 million units for the year, up 37% [6] Corporate Announcements - Li Ping, Vice Chairman of CATL, donated 4.05 million shares to a foundation, completing the transfer process [9] - Saisir expects a net profit increase of 66.2% to 96.98% for the first half of 2025, projecting a profit of 2.7 billion to 3.2 billion yuan [10] - WuXi AppTec anticipates a 44.43% year-on-year increase in adjusted net profit for the first half of 2025, estimating around 6.315 billion yuan [10] - iFlytek expects a net loss of 200 million to 280 million yuan for the first half of 2025, an improvement from a loss of 400 million yuan in the same period last year [11] - China Shipbuilding Industry Corporation forecasts a net profit increase of 98.25% to 119.49% for the first half of 2025, estimating a profit of 2.8 billion to 3.1 billion yuan [12] - Limin Co., Ltd. announced plans for a share reduction by its controlling shareholder, not exceeding 3% of the company's total shares [13] Industry Outlook - The photovoltaic industry is experiencing discussions on self-discipline and supply-side reforms, with expectations for capacity reduction and potential recovery in the industry, although actual improvements depend on the effectiveness of supply-side measures [13] - The upcoming changes to the CIPS rules are expected to accelerate the internationalization of the renminbi, benefiting banks' cross-border business expansion [13]

Industry News - Baotou Steel and Northern Rare Earth announced that the price of rare earth concentrate for the third quarter of 2025 will be adjusted to 19,109 yuan/ton (excluding tax), an increase of 1.5% from the second quarter's price of 18,825 yuan/ton, marking four consecutive quarters of price increases since Q4 2024 [5][6] - The China Nonferrous Metals Industry Association's Silicon Industry Branch reported that silicon wafer prices have stabilized this week, despite a lack of significant recovery in terminal demand in the domestic photovoltaic market. Silicon material companies have begun to raise prices, leading to a more positive market outlook [6] - The European defense technology startup Helsing has indicated that Europe could deploy unmanned combat aircraft within a few years, with its AI system accumulating experience equivalent to 1 million pilot hours in just 72 hours [7] - The China Construction Machinery Industry Association reported that total excavator sales reached 120,500 units in the first half of the year, a year-on-year increase of 16.8%. The demand for earth-moving equipment is expected to maintain stable growth in the second half of the year [7] - OPEC's 2025 World Oil Outlook states that global oil demand is projected to average 105 million barrels per day this year, increasing to 106.3 million barrels per day in 2026 and 111.6 million barrels per day by 2029, with forecasts for 2026-2029 being lower than previous expectations [7] Company News - Zhiyuan Robotics responded to rumors about its IPO plans in Hong Kong, stating that there are no concrete plans for such an offering [9] - Xinya Electronics announced that during the period of stock fluctuations, its directors and senior management have reduced their holdings in the company's stock [10] - Saily's announcement indicated a projected net profit increase of 66%-97% year-on-year for the first half of the year [10] - China Shipbuilding Industry Corporation expects a net profit increase of 98%-119% year-on-year for the first half of the year [10] - WuXi AppTec anticipates an adjusted net profit of approximately 6.315 billion yuan for the first half of the year, representing a year-on-year growth of about 44% [10] - Sanmei Co. expects a net profit increase of 147%-172% year-on-year for the first half of the year, driven by a significant rise in the average price of its fluorinated refrigerants [10] - Jiangfeng Electronics plans to raise no more than 1.95 billion yuan through a private placement for the industrialization of ultra-high-purity metal sputtering targets for integrated circuits [10]

股票代码：002734 股票简称：利民股份 公告编号：2025-059 利民控股集团股份有限公司关于 公司控股股东、实际控制人减持计划的预披露公告 公司控股股东、实际控制人李明保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 公司控股股东、实际控制人李明拟在本减持计划公告之日起 15 个交易日后 的 90 个自然日内以大宗交易及集中竞价方式减持公司股份不超过 13,104,920 股 （占扣减回购股份公司总股本的 3%），其中以大宗交易方式减持公司股份不超过公 司总股本的 2%，以集中竞价交易方式减持公司股份不超过公司总股本的 1%。 利民控股集团股份有限公司（以下简称"公司"）近日收到公司控股股东、实 际控制人李明的《关于计划减持公司股份的通知》，现将具体事项公告如下： 一、股东的基本情况 | | | 持股占公 | | 拟减持股份占 | | | --- | --- | --- | --- | --- | --- | | | 股东性 | 持股数量 | | 拟减持股份 | | | 股东名称 | | ...

特别提示： 公司控股股东、实际控制人李明拟在本减持计划公告之日起 15 个交易日后 的 90 个自然日内以大宗交易及集中竞价方式减持公司股份不超过 13,104,920 股 （占扣减回购股份公司总股本的 3%），其中以大宗交易方式减持公司股份不超过公 司总股本的 2%，以集中竞价交易方式减持公司股份不超过公司总股本的 1%。 利民控股集团股份有限公司（以下简称"公司"）近日收到公司控股股东、实 际控制人李明的《关于计划减持公司股份的通知》，现将具体事项公告如下： 一、股东的基本情况 股票代码：002734 股票简称：利民股份 公告编号：2025-059 利民控股集团股份有限公司关于 公司控股股东、实际控制人减持计划的预披露公告 公司控股股东、实际控制人李明保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 1、股东名称：李明 2、拟减持股东持有公司股份情况： | 股东名称 | 股东性 | 持股数量 | 持股占公 | | 拟减持股份 | 拟减持股份占 | | --- | --- | --- | --- | --- ...

Investment Rating - The report maintains an "Outperform" rating for the agricultural chemical industry [7][10]. Core Views - The agricultural chemical industry is expected to benefit from rising prices of potassium fertilizer and glyphosate, with supply constraints for the insecticide "Kangkuan" [2][5]. - The potassium fertilizer market is characterized by tight supply and demand, with a significant reliance on imports, which is projected to increase due to food security concerns [2][27]. - The phosphoric chemical sector is anticipated to maintain high price levels due to the scarcity of phosphate rock resources and increasing demand from new applications [3][51]. Summary by Sections Potassium Fertilizer - Global potassium fertilizer prices are expected to recover as demand increases, with China being the largest consumer and heavily reliant on imports [2][27]. - Domestic production of potassium chloride is projected to decrease slightly in 2024, while imports are expected to reach a historical high [27]. - The domestic potassium chloride price is forecasted to rise by approximately 100 yuan/ton in July due to increased port prices [2][45]. Phosphoric Chemicals - The price of phosphate rock is expected to remain high due to declining grades and increasing extraction costs, with a tight supply-demand balance [3][51]. - As of June 30, 2025, the market price for 30% grade phosphate rock in Hubei is 1,040 yuan/ton, while in Yunnan it is 970 yuan/ton, both stable compared to the previous month [3][51]. - The export policy for phosphoric fertilizers emphasizes domestic priority, with reduced export quotas expected to alleviate downward pressure in the domestic market [4]. Pesticides - The supply of "Kangkuan" has been unexpectedly restricted, leading to a potential price increase for the product [5]. - Glyphosate prices have risen by 1,300 yuan/ton in June, driven by increased demand from South America as planting areas for soybeans and corn expand [5][9]. - The report recommends focusing on leading companies in the glyphosate sector, such as "Xingfa Group," which has a significant production capacity [9]. Key Company Recommendations - The report recommends "Yaji International" for potassium fertilizer, projecting production of 2.8 million tons in 2025 and 4 million tons in 2026 [5][49]. - For phosphoric chemicals, "Yuntianhua" and "Xingfa Group" are highlighted as key players due to their rich phosphate reserves [6]. - In the pesticide sector, "Xingfa Group" is recommended for its leading position in glyphosate production [9].

Market Overview - The Shanghai Composite Index rose by 0.32% on July 4, with 13 out of the 28 sectors experiencing gains, led by the banking and media sectors, which increased by 1.84% and 0.91% respectively [1] - The sectors that saw the largest declines were beauty care and non-ferrous metals, with decreases of 1.87% and 1.60% respectively [1] - The basic chemical industry ranked third in terms of decline today [1] Capital Flow Analysis - The net outflow of capital from the two markets was 21.74 billion yuan, with 8 sectors experiencing net inflows [1] - The computer industry had the largest net inflow of capital, totaling 2.81 billion yuan, despite a slight decline of 0.05% in its stock price [1] - The banking sector also saw a net inflow of 758 million yuan, with a daily increase of 1.84% [1] Basic Chemical Industry Performance - The basic chemical industry fell by 1.22%, with a total net outflow of 2.174 billion yuan [2] - Out of 401 stocks in this sector, 41 stocks rose, and 354 stocks fell, with 4 stocks hitting the daily limit down [2] - The top three stocks with the highest net inflow in the basic chemical sector were Huafeng Super Fiber (1.62 billion yuan), Dongcai Technology (1.39 billion yuan), and Limin Co., Ltd. (1.24 billion yuan) [2] Basic Chemical Industry Capital Inflow and Outflow - The top stocks with capital inflow included: - Huafeng Super Fiber: +1.83%, 16.59% turnover, 161.85 million yuan inflow - Dongcai Technology: +10.01%, 11.12% turnover, 138.64 million yuan inflow - Limin Co., Ltd.: +5.83%, 22.57% turnover, 124.30 million yuan inflow [2][3] - The top stocks with capital outflow included: - Dazhongnan: +2.55%, 38.91% turnover, -195.83 million yuan outflow - Wanhua Chemical: -0.86%, 0.72% turnover, -137.99 million yuan outflow - Yanhai Co., Ltd.: -2.43%, 0.88% turnover, -98.39 million yuan outflow [3]