| 证券代码：300121 | 证券简称：阳谷华泰 | 公告编号：2024-087 | | --- | --- | --- | | 债券代码：123211 | 债券简称：阳谷转债 | | 山东阳谷华泰化工股份有限公司 关于不向下修正"阳谷转债"转股价格的公告 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。 特别提示： 1、截至 2024 年 8 月 27 日，山东阳谷华泰化工股份有限公司（以下简称"公 司"）股票已出现任意连续三十个交易日中至少有十五个交易日的收盘价低于当期 转股价格的 85%的情形，触发"阳谷转债"转股价格向下修正条款。 2、2024 年 8 月 27 日，公司召开第五届董事会第三十一次会议，审议通过了《关 于不向下修正"阳谷转债"转股价格的议案》，公司董事会决定本次不向下修正"阳 谷转债"转股价格，且在未来六个月内（即 2024 年 8 月 28 日至 2025 年 2 月 27 日）， 如再次触发"阳谷转债"转股价格的向下修正条款，亦不提出向下修正方案。自 2025 年 2 月 28 日起算，若再次触发"阳谷转债"转股价格的向下修正条款， ...

Investment Rating - The report maintains an "Outperform" rating for the company [4][5]. Core Views - The company's Q2 performance was impacted by rising shipping costs, leading to a decline in profitability despite stable sales volumes [4][5]. - The company reported a revenue of 1.687 billion yuan in H1 2024, a year-on-year increase of 1.4%, but a net profit of 139 million yuan, down 33.7% year-on-year [4][5]. - The report highlights the ongoing expansion of downstream tire manufacturers, which has driven demand for rubber additives, although some prices have decreased, affecting profitability [4][5]. Financial Summary - As of June 30, 2024, the company had a net asset value per share of 7.45 yuan and a debt-to-asset ratio of 28.19% [3]. - The total revenue for 2024 is projected to be approximately 3.795 billion yuan, with a net profit of around 300 million yuan, reflecting a slight decline from previous estimates [5][6]. - The company's gross margin is expected to stabilize around 19.8% in 2024, with a projected return on equity (ROE) of 9.0% [5][6]. Sales and Production Insights - In Q2 2024, the company estimated sales of approximately 4,000-4,500 tons of anti-scorching agents, with prices around 40,000 yuan per ton [5]. - The report notes that the company is gradually transitioning its construction projects into production, with several new products expected to contribute to revenue growth in the coming years [5][6].

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company achieved a revenue of 1.687 billion yuan in the first half of 2024, representing a year-on-year growth of 1.38%. However, the net profit attributable to shareholders decreased by 33.71% to 139 million yuan [3][4] - The decline in net profit is attributed to several factors, including a decrease in product prices, reduced foreign exchange gains, and increased shipping costs [4][9] - The company has announced a share repurchase plan, intending to buy back shares worth between 50 million and 100 million yuan, reflecting management's confidence in the company's operations [9] Financial Performance Summary - In Q2 2024, the company reported a revenue of 853 million yuan, a slight year-on-year decrease of 0.05% but a quarter-on-quarter increase of 2.28%. The net profit for the quarter was 58 million yuan, down 52.37% year-on-year and 29.12% quarter-on-quarter [3][5][14] - The gross profit margin for Q2 2024 was 18.62%, down 8.46 percentage points year-on-year and 2.18 percentage points quarter-on-quarter [3][4] - The company’s high-performance rubber additives generated revenue of 1.195 billion yuan in the first half of 2024, a year-on-year increase of 15.09%, while the multifunctional rubber additives saw a revenue decline of 21.23% to 492 million yuan [4][11] Earnings Forecast - The report adjusts the earnings forecast, projecting revenues of 3.572 billion yuan, 5.002 billion yuan, and 5.609 billion yuan for 2024, 2025, and 2026 respectively. The net profits are expected to be 317 million yuan, 424 million yuan, and 529 million yuan for the same years [9][10][27]

| 证券代码：300121 | 证券简称：阳谷华泰 | 公告编号：2024-085 | | --- | --- | --- | | 债券代码：123211 | 债券简称：阳谷转债 | | 山东阳谷华泰化工股份有限公司 关于向银行申请授信额度并接受子公司担保的公告 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。 一、担保情况概述 山东阳谷华泰化工股份有限公司（以下简称"阳谷华泰"或"公司"）因经 营需要，拟向北京银行股份有限公司聊城分行（以下简称"北京银行"）申请人 民币 10,000 万元的综合授信额度，授信期间为 24 个月。为了保证公司与北京银 行间合同的履行，公司的全资子公司山东戴瑞克新材料有限公司（以下简称"戴 瑞克"）将为上述综合授信额度提供连带责任保证，并与北京银行签署《最高额 保证合同》。 上述接受担保事项已经戴瑞克内部程序审议通过，无需提交公司董事会、股 东大会审议。 二、被担保人基本情况 4、住所：阳谷县清河西路399号 5、法定代表人：王文博 6、注册资本：40,899.0345万元人民币 7、成立日期：2000年03月23日 8、营业期限 ...

2022 年度以简易程序向特定对象发行股票 部分募投项目延期的核查意见 中泰证券股份有限公司 关于山东阳谷华泰化工股份有限公司 中泰证券股份有限公司（以下简称"保荐机构"或"本保荐人"）作为山东 阳谷华泰化工股份有限公司（以下简称"阳谷华泰"或"公司"）持续督导的保 荐机构，根据《证券发行上市保荐业务管理办法》《上市公司监管指引第 2 号— —上市公司募集资金管理和使用的监管要求》《深圳证券交易所创业板股票上市 规则》和《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规 范运作》等法律法规及规范性文件的要求，对阳谷华泰 2022 年度以简易程序向 特定对象发行股票部分募投项目延期事项进行了审慎核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意山东阳谷华泰化工股份有限公司向特 定对象发行股票注册的批复》（证监许可〔2022〕1822 号）同意，公司向特定对 象发行人民币普通股（A 股）股票 24,015,164 股，发行价格为 11.87 元/股。本次 发行募集资金总额为人民币 285,059,996.68 元，扣除发行费用人民币 3,768,453.68 元（不含税 ...

上市公司 2024 年半年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位：山东阳谷华泰化工股份有限公司 单位：人民币元 | 非经营性资金占 | 资金占用方名 | 占用方与上市 | 上市公司核算的 | 2024 年期初 | 2024 年半年度占 | 2024 年半年度 | 2024 年半年度偿 | 2024 年半 | 占用形 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 用 | 称 | 公司的关联关 | 会计科目 | 占用资金余额 | 用累计发生金额 | 占用资金的利 | 还累计发生金额 | 年度期末占 | 成原因 | 占用性质 | | | | 系 | | | （不含利息） | 息（如有） | | 用资金余额 | | | | 控股股东、实际 | | | | | | | | | | | | 控制人及其附属 | 无 | | | | | | | | | | | 企业 | | | | | | | | | | | | 前控股股东、实 | | | | | | | | | | | | 际控制人及其附 | 无 | | ...

根据中国证券监督管理委员会《关于同意山东阳谷华泰化工股份有限公司向不 特定对象发行可转换公司债券注册的批复》（证监许可〔2023〕1091 号），公司向不 特定对象发行可转换公司债券募集资金总额人民币 650,000,000.00 元。扣除发行费 用人民币 5,847,650.42 元（不含税），实际募集资金净额为人民币 644,152,349.58 元。 信永中和会计师事务所（特殊普通合伙）已于 2023 年 8 月 2 日对公司上述募集资 金到位情况进行了审验，并出具了《验资报告》（XYZH/2023JNAA3B0500）。上述 募集资金到账后，公司及全资子公司山东特硅新材料有限公司（以下简称"特硅新 材料"）对募集资金的存放和使用进行专户管理，并与专户银行、保荐机构签订了募 集资金三方或四方监管协议。 | 证券代码：300121 | 证券简称：阳谷华泰 | 公告编号：2024-082 | | --- | --- | --- | | 债券代码：123211 | 债券简称：阳谷转债 | | 山东阳谷华泰化工股份有限公司 关于向不特定对象发行可转换公司债券 部分募投项目延期的公告 本公司及董事会全体成员保证信 ...

| 证券代码：300121 | 证券简称：阳谷华泰 公告编号：2024-080 | | --- | --- | | 债券代码：123211 | 债券简称：阳谷转债 | 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。 根据中国证券监督管理委员会《上市公司监管指引第 3 号——上市公司现金 分红》及《公司章程》等规定，为充分考虑对投资者的回报，结合公司生产经营 情况及未来发展前景，山东阳谷华泰化工股份有限公司（以下简称"公司"）于 2024 年 8 月 8 日召开第五届董事会第三十次会议、第五届监事会第二十四次会 议，审议通过了《关于 2024 年半年度利润分配预案的议案》，本议案尚需提交公 司股东大会审议。现将有关事项公告如下： 一、2024 年半年度利润分配预案基本情况 根据公司 2024 年半年度财务报告（未经审计），2024 年半年度公司实现归 属于上市公司股东的净利润为 138,800,246.32 元。截至 2024 年 6 月 30 日，公司 合并报表可分配利润为 1,425,493,571.86 元，母公司报表可分配利润为 887,761,211. ...

| 证券代码：300121 | 证券简称：阳谷华泰 公告编号：2024-078 | | --- | --- | | 债券代码：123211 | 债券简称：阳谷转债 | 山东阳谷华泰化工股份有限公司 关于为全资子公司增加担保额度的公告 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。 一、担保情况概述 （一）已审批通过为全资子公司提供担保情况 山东阳谷华泰化工股份有限公司（以下简称"公司"）于 2024 年 3 月 6 日召开的 第五届董事会第二十五次会议审议通过了《关于为全资子公司提供担保的议案》，同 意公司为全资子公司山东阳谷华泰进出口有限公司（以下简称"华泰进出口"）向金融 机构申请的总额不超过人民币 5,000 万元的综合授信额度提供连带责任保证担保，本 次担保额度的有效期自董事会审议通过之日起 12 个月。公司董事会同意授权公司管 理层办理上述担保事宜。《关于为全资子公司提供担保的公告》详细信息见公司 2024 年 3 月 7 日披露于公司指定信息披露网站巨潮资讯网的公告（公告编号：2024-019）。 （二）本次拟新增担保额度情况 公司于 2024 年 ...

Financial Performance - The company's revenue for the reporting period was approximately ¥1.69 billion, an increase of 1.38% compared to ¥1.66 billion in the same period last year[30]. - Net profit attributable to shareholders decreased by 33.71% to approximately ¥138.80 million from ¥209.38 million year-on-year[30]. - The net cash flow from operating activities fell by 42.64% to approximately ¥119.92 million compared to ¥209.07 million in the previous year[30]. - Basic and diluted earnings per share decreased by 34.62% to ¥0.34 from ¥0.52 in the same period last year[30]. - The total assets at the end of the reporting period were approximately ¥4.47 billion, reflecting a 1.11% increase from ¥4.42 billion at the end of the previous year[30]. - The company's operating revenue for the reporting period was CNY 1.6869764 billion, an increase of 1.38% year-on-year[50]. - The company's net profit for the reporting period was CNY 138.8222 million, a decrease of 33.70% year-on-year[50]. - The company's total comprehensive income for the first half of 2024 was CNY 138,501,817.91, down from CNY 209,173,281.19 in 2023, reflecting a decrease of approximately 33.8%[187]. - The company reported a total investment cash inflow of 718,848,434.93 CNY, which is significantly higher than the previous period's 263,205,448.37 CNY[196]. Investment and R&D - The company has increased its investment in marketing and technology research and development to enhance product competitiveness in a highly fragmented rubber additive market[5]. - The company is committed to R&D in new products and technologies to meet customer needs and improve product performance[39]. - Research and development expenses decreased significantly to CNY 31,645,797.97 in the first half of 2024 from CNY 51,517,282.30 in 2023, a reduction of approximately 38.6%[186]. - The company plans to invest 500 million yuan in new product development and technology upgrades in the next fiscal year[200]. - The company has developed new rubber additives for electric vehicle tires, including silane coupling agents and peroxide crosslinking agents, which have seen good market promotion[44]. Market Position and Strategy - The company's main product, the anti-scorching agent CTP, holds over 60% of the global market share[39]. - The company focuses on large customers in the tire industry, enhancing cooperation depth and breadth[39]. - The rubber additive industry is projected to reach a production target of 1.73 million tons by the end of the 14th Five-Year Plan (2025), with an average annual growth rate of 5.7%[41]. - The company aims to mitigate risks from price fluctuations of products and raw materials by increasing technological investments and adopting new processes and technologies[6]. - The company plans to expand its market presence through new product development and technological advancements[108]. Environmental Compliance - The company and its subsidiaries strictly comply with various environmental protection laws and regulations, ensuring legal and compliant operations[105]. - The company has implemented comprehensive waste treatment facilities to minimize negative environmental impacts during production[106]. - The company has not exceeded the pollution discharge limits for wastewater and air emissions during the reporting period[107]. - The company has implemented continuous monitoring for 31 pollutants, ensuring compliance with environmental standards[108]. - The company is focused on enhancing its wastewater treatment capabilities to further reduce environmental impact[108]. Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.5 per 10 shares (including tax) to all shareholders based on the total share capital as of the dividend distribution date[11]. - The cash dividend amount for the reporting period is CNY 20,113,067.25, representing 100% of the total profit distribution[90]. - The proposed cash dividend for the first half of 2024 is 0.5 CNY per 10 shares, totaling an estimated distribution of 20,113,067.25 CNY based on 402,261,345 shares[93]. - The profit distribution plan complies with relevant regulations and aligns with the company's profit distribution policy[94]. Corporate Governance and Compliance - The company has passed certifications for quality management, environmental management, and occupational health and safety management systems[117]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[115]. - No related party transactions occurred during the reporting period[129]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period[80]. Future Outlook - The company aims to maintain project quality and shareholder interests despite the delays in project timelines[74]. - Future guidance indicates a commitment to maintaining compliance with environmental standards while pursuing growth strategies[108]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 20% growth in that region by 2025[200]. - A strategic acquisition of a local competitor is under consideration to enhance market share and operational efficiency[200].