（广东省广州市黄埔区中新广州知识城腾飞一街 2 号 618 室） 二〇二六年一月 山西壶化集团股份有限公司 2025 年度向特定对象发行 A 股股票 募集说明书（申报稿） 证券代码：003002 证券简称：壶化股份 山西壶化集团股份有限公司 （山西省长治市壶关经济开发区化工路 1 号） 2025 年度向特定对象发行 A 股股票 募集说明书 （申报稿） 保荐机构（主承销商） 声 明 本公司及全体董事、审计委员会成员、高级管理人员承诺募集说明书及其他 信息披露资料内容真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏， 按照诚信原则履行承诺，并承担相应的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、完整。 中国证监会、深圳证券交易所对本次发行所作的任何决定或意见，均不表明 其对申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对 发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何 与之相反的声明均属虚假不实陈述。 根据《证券法》规定，证券依法发行后，发行人经营与收益的变化，由发行 人自行负责。投资者自主判断发行人的投资价值，自主 ...

向特定对象发行 A 股股票的 法律意见书 二〇二六年一月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京市中伦律师事务所 关于山西壶化集团股份有限公司 | 一、 | 本次发行的批准和授权 | 4 | | --- | --- | --- | | 二、 | 发行人的主体资格 | 10 | | 三、 | 本次发行的实质条件 | 10 | | 四、 | 发行人的设立 | 15 | | 五、 | 发行人的独立性 | 16 | | 六、 | 发行人的控股股东及实际控制人 | 18 | | 七、 | 发行人的 ...

山西壶化集团股份有限公司 发行保荐书 广发证券股份有限公司 关于山西壶化集团股份有限公司 2025 年度向特定对象发行 A 股股票 之 发行保荐书 二〇二六年一月 | 目 录 | 1 | | --- | --- | | 声 明 | 2 | | 第一节 | 本次证券发行基本情况 3 | | 一、本次证券发行的保荐机构 3 | | | 二、本次证券发行的保荐机构工作人员情况 3 | | | 三、发行人基本情况 3 | | | 四、本次证券发行的保荐机构与发行人的关联关系 9 | | | 五、保荐机构内部审核程序和内核意见 10 | | | 第二节 | 保荐机构的承诺事项 12 | | 一、本保荐机构已按照法律、行政法规和中国证监会、深圳证券交易所的规定， | | | 对发行人及其控股股东、实际控制人进行了尽职调查、审慎核查，同意推荐发行 | | | 人证券发行上市，并据此出具本证券发行保荐书。 12 | | | 二、本保荐机构已按照中国证监会、深圳证券交易所的有关规定对发行人进行了 | | | 充分的尽职调查，并对本次发行申请文件进行了审慎核查，本保荐机构承诺： | | | 12 | | | 第三节 | 保荐机构 ...

广发证券股份有限公司 关于山西壶化集团股份有限公司 2025 年度向特定对象发行 A 股股票 之 上市保荐书 二〇二六年一月 | 声 明 | | 2 | | | --- | --- | --- | --- | | 第一节 | 本次证券发行基本情况 | | 3 | | | 一、发行人基本情况 3 | | | | | 二、本次证券发行的基本情况 11 | | | | | 三、保荐代表人、项目协办人及项目组其他成员情况 14 | | | | | 四、发行人与保荐机构的关联关系 15 | | | | 第二节 | 保荐机构的承诺事项 | 17 | | | 第三节 | | 保荐机构对本次证券发行上市的推荐意见 18 | | | | 一、本保荐机构对本次证券发行上市的推荐结论 18 | | | | | 二、本次证券发行上市所履行的程序 18 | | | | | 三、本次发行符合上市条件 19 | | | | | 四、保荐机构对发行人持续督导工作的安排 24 | | | | | 五、保荐机构和相关保荐代表人的联系方式 25 | | | | | | 六、保荐机构认为应当说明的其他事项 26 | | 山西壶化集团股份有限公司 上 ...

信永中和会计师事务所| 北京市东城区朝阳门北大街 8 号富华大厦 A 座 9 层 telephone: +86 (010) 6554 2288 9/F. Block A. Fu Hua No.8. Chaovangmen Beid Dongcheng District, Beijin ertified public accountants | 100027, P.R.China 审计报告 XYZH/2025BJAG1B0307 山西壶化集团股份有限公司 山西壶化集团股份有限公司全体股东: 一、审计意见 我们审计了山西壶化集团股份有限公司(以下简称壶化股份)财务报表,包括 2024 年 12月 31 日的合并及母公司资产负债表,2024年度的合并及母公司利润表、合并及母 公司现金流量表、合并及母公司股东权益变动表,以及相关财务报表附注。 我们认为,后附的财务报表在所有重大方面按照企业会计准则的规定编制,公允反 映了壶化股份 2024年12月31日的合并及母公司财务状况以及 2024年度的合并及母公 司经营成果和现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注 ...

证券日报网讯1月12日，壶化股份（003002）在互动平台回答投资者提问时表示，截至2026年1月9日， 公司股东总户数(合并普通账户和融资融券信用账户)12451户。 ...

Group 1 - The stock price of Huahua Co., Ltd. has declined by 2.62% on January 12, reaching 30.13 yuan per share, with a trading volume of 225 million yuan and a turnover rate of 4.08%, resulting in a total market capitalization of 6.026 billion yuan [1] - Huahua Co., Ltd. has experienced a cumulative decline of 8.25% over the past three days [1] - The company, established on September 27, 1994, and listed on September 22, 2020, specializes in the research, production, and sales of various civil explosive products, providing specific engineering blasting solutions and blasting services [1] Group 2 - According to data, one fund under Wan Jia Fund holds Huahua Co., Ltd. as a significant investment, with the Wan Jia CSI 2000 Index Enhanced A Fund (019920) holding 8,100 shares, accounting for 0.44% of the fund's net value, ranking as the ninth largest holding [2] - The estimated floating loss for the fund today is approximately 6,561 yuan, with a total floating loss of 22,000 yuan during the three-day decline [2] - The Wan Jia CSI 2000 Index Enhanced A Fund was established on January 21, 2025, with a current scale of 13.2558 million yuan and a year-to-date return of 5.94%, ranking 1,757 out of 5,580 in its category [2]

Group 1: Company Overview - The company primarily produces industrial detonators, explosives, and blasting devices, widely used in mining, transportation, water conservancy, construction, oil exploration, and defense engineering [2] - The company has one detonator production base and six explosive production bases, offering a diverse range of products to meet market demands [2] - The wholly-owned subsidiary, Huhua Blasting, holds dual-level qualifications for engineering blasting and mining engineering construction, serving various infrastructure projects [2] Group 2: Industry Context - The company operates in the civil explosives industry, which includes industrial detonators and explosives, essential for mining, metallurgy, transportation, water conservancy, electricity, and construction [3] - From January to November 2025, civil explosive production enterprises achieved a total production and sales value of 35.443 billion yuan and 35.210 billion yuan, respectively, down 5.79% and 5.04% year-on-year [3] - The total revenue from blasting services increased by 15.75% to 35.306 billion yuan during the same period [3] Group 3: Production and Sales Data - From January to November 2025, industrial explosives production and sales were 3.9576 million tons and 3.9378 million tons, down 2.61% and 2.86% year-on-year [3] - Industrial detonators produced and sold were 604 million and 605 million units, with a slight decrease of 0.06% in production and an increase of 2.64% in sales [3] - The production of electronic detonators was 566 million units, down 1.19%, while the production of detonating cord detonators increased by 58.00% to 32 million units [3] Group 4: Financial Performance - In the first three quarters of 2025, the company achieved operating revenue of 970 million yuan, a year-on-year increase of 24.64% [3] - The net profit attributable to the parent company was 146 million yuan, up 40.53% year-on-year [3] - The net profit after deducting non-recurring gains and losses was 142 million yuan, reflecting a growth of 52.78% year-on-year [3]

Group 1 - The core point of the news is that Huahua Co., Ltd. experienced a stock price increase of 5.47%, reaching 32.58 CNY per share, with a trading volume of 231 million CNY and a turnover rate of 3.93%, resulting in a total market capitalization of 6.516 billion CNY [1] - Huahua Co., Ltd. is located in Changzhi City, Shanxi Province, and was established on September 27, 1994. The company was listed on September 22, 2020, and its main business involves the research, production, and sales of various civil explosive products, as well as providing specific engineering blasting solutions and blasting services [1] - The revenue composition of Huahua Co., Ltd. includes industrial detonators at 43.44%, industrial explosives at 29.77%, blasting services at 16.24%, detonating devices at 7.01%, other products at 2.62%, and detonating cords at 0.93% [1] Group 2 - From the perspective of major fund holdings, one fund under Wan Jia Fund has a significant position in Huahua Co., Ltd. The Wan Jia CSI 2000 Index Enhanced A (019920) held 8,100 shares in the third quarter, accounting for 0.44% of the fund's net value, making it the ninth largest holding [2] - The Wan Jia CSI 2000 Index Enhanced A (019920) fund was established on January 21, 2025, with a latest scale of 13.2558 million CNY and has achieved a return of 39.6% since inception [2] Group 3 - The fund managers of Wan Jia CSI 2000 Index Enhanced A (019920) are Qiao Liang and Zhang Yongqiang. As of the report, Qiao Liang has a tenure of 6 years and 133 days, managing assets totaling 5.886 billion CNY, with the best fund return during his tenure being 132.08% and the worst being 1.09% [3] - Zhang Yongqiang has a tenure of 2 years and 362 days, managing assets of 1.806 billion CNY, with the best fund return during his tenure being 44.69% and the worst being 6.11% [3]

Group 1: Company Overview - Shanxi Huhua Group Co., Ltd. primarily produces industrial detonators, explosives, and initiation devices, widely used in mining, transportation, hydropower, construction, oil exploration, and defense engineering [2] - The company operates 1 detonator production base and 6 explosive production bases, offering a comprehensive range of products to meet diverse market demands [2] - Huhua Explosives, a wholly-owned subsidiary, holds dual-level qualifications for engineering blasting and mining engineering contracting, serving various infrastructure projects [2] Group 2: Financial Performance - In the first three quarters of 2025, the company achieved a revenue of CNY 970 million, representing a year-on-year growth of 24.64% [3] - The net profit attributable to shareholders reached CNY 146 million, up 40.53% year-on-year, while the net profit after deducting non-recurring gains and losses was CNY 142 million, reflecting a 52.78% increase [3] Group 3: Industry Context - The civil explosives industry, encompassing industrial detonators and explosives, plays a crucial role in mining, metallurgy, transportation, hydropower, electricity, and construction [4] - From January to November 2025, civil explosive production enterprises reported a total production and sales value of CNY 35.443 billion and CNY 35.210 billion, respectively, showing declines of 5.79% and 5.04% year-on-year [4] - The total revenue from civil explosive services increased by 15.75% year-on-year, amounting to CNY 35.306 billion [4] Group 4: Product Market Share and Strategy - Huhua Group's core products, including industrial detonators and explosives, rank among the top in domestic sales [6] - The company plans to enhance its market share by focusing on both domestic and international markets, ensuring product quality, and maintaining competitive advantages [6] - The company aims to provide integrated services covering design, construction, safety assessment, and supervision in blasting operations [6]