证券代码：300505 证券简称：川金诺 公告编号：2026-017 昆明川金诺化工股份有限公司 关于更换持续督导保荐代表人的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 昆明川金诺化工股份有限公司（以下简称"公司"或"川金诺"）于近日收 到保荐机构世纪证券有限责任公司（以下简称"世纪证券"）《关于更换持续督 导保荐代表人的函》。 世纪证券作为公司 2022 年度向特定对象发行股票的持续督导保荐机构，持 续督导期已于 2025 年 12 月 31 日届满，但截至目前，公司募集资金尚未使用完 毕，根据相关规定，世纪证券对此未尽事项继续履行持续督导义务。原委派的保 荐代表人彭俊先生因个人工作变动，不再负责公司的持续督导工作。为保证公司 持续督导工作的有序进行，世纪证券委派赵雅慧女士（简历附后）接替彭俊先生 担任公司持续督导保荐代表人，继续履行相关职责。 本次保荐代表人变更后，公司持续督导的保荐代表人为赵宇先生和赵雅慧女 士，继续履行相关的职责和义务，直至募集资金使用完毕为止。 公司董事会对彭俊先生在公司持续督导期间所做出的贡献表示衷心感谢！ 特此公告。 昆 ...

Summary of Key Points from Conference Call Records Industry Overview - The chemical industry is entering a destocking phase, with the European energy crisis leading to the permanent exit of some overseas facilities. China's production capacity is expected to dominate the global market due to its scale and safety advantages, with a chemical bull market anticipated to start in 2025 [1][3] - The coal chemical sector is showing significant substitution effects, with acetic acid prices rising to 3,500 RMB/ton. Wanhua Chemical's MDI business benefits from the impact of European natural gas costs, and its new material lithium iron phosphate business is expected to reach a capacity of 800,000 tons by 2026 [1][4][6] Company Performance - Major refining companies like Hengli and Rongsheng are expected to see over 70% and 100% year-on-year earnings growth in Q1 2026, respectively, due to benefits from crude oil inventory gains and product price increases [1][12] - Satellite Chemical's single-ton ethylene profit has doubled to 400 RMB, indicating a clear trend of rising volume and price [1][12] - The polyester filament supply-demand pattern is improving, with net new capacity growth expected to be only 3% by 2026, compared to a demand growth rate of 5-6% [1][20] Market Dynamics - The chlor-alkali industry is experiencing differentiation, with calcium carbide PVC benefiting from high oil prices, and prices expected to rebound to 6,500 RMB/ton [1][15] - The refrigerant industry is affected by geopolitical conflicts, leading to a "low first, high second" demand pattern for the year [1][33] Investment Opportunities - The chemical sector is recommended for active allocation, as most mainstream sub-industries have released risks, and the fundamental landscape is improving. The current bull market is expected to exceed market expectations in terms of height and duration [3] - Companies like New Fengming and Tongkun are highlighted as potential beneficiaries in the polyester filament sector due to their expected performance in Q1 2026 [1][22] Specific Product Insights - In the pesticide sector, products like Mancozeb and Glyphosate are highlighted due to supply constraints in India, which may benefit domestic exports [2][10] - The upstream soda ash industry is expected to benefit from the global energy system restructuring, which will boost demand for photovoltaic glass and upstream soda ash [9] Financial Projections - Wanhua Chemical's MDI business is expected to see margin improvements, while its new materials business is projected to become a significant revenue contributor by 2026 [5][6] - The chlor-alkali sector's leading companies are expected to report profits near breakeven in Q1 2026, with new orders' profit release more likely in Q2 [17] Conclusion - The overall sentiment in the chemical industry is cautiously optimistic, with several companies poised for significant growth due to favorable market conditions and strategic positioning. The focus on destocking, geopolitical impacts, and evolving supply-demand dynamics will shape the investment landscape moving forward [1][3][12]

Group 1: Production Capacity and Projects - The company expects a 10% increase in overall production capacity (measured in P2O5) due to upgrades at the Guangxi base and improved operational rates at the Dongchuan base [2][3] - The Egypt project has received environmental approval and is on track for completion by mid-2028 [3] - Currently, the Guangxi base uses approximately 70% imported phosphate ore [4] Group 2: Market and Financial Outlook - The company maintains a normal operational pace despite external pressures on the phosphate chemical industry, with a healthy order backlog [5] - The introduction of a 13% VAT on feed-grade phosphates will create short-term operational pressure but is expected to lead to a more regulated market in the long term [5] - Sulfur price increases will impact production costs, but the company is managing risks through diversified procurement and inventory management [6] Group 3: Product Applications and Sales - Calcium salt products, including dicalcium phosphate and monocalcium phosphate, are primarily used as feed additives in livestock and aquaculture [7] - The company exports approximately 60% of its products while 40% are sold domestically [9]

1. Report Industry Investment Rating - No information provided in the content 2. Core Viewpoints of the Report - The company's 2025 performance growth was mainly due to the dual increase in sales volume and product prices, and the comprehensive gross - margin level was within a reasonable range compared with the industry [24]. - The company's production and operation are progressing normally, and the phosphorus chemical industry is still relatively prosperous despite external factors. The specific performance in 2026 will be subject to the company's subsequent regular reports or performance forecasts [26][35][36]. - The company has strong market adaptability and flexible production capacity, which can adjust product structure and sales strategies according to market and policy changes to ensure the stability of overall operations [26][30]. 3. Summary According to Relevant Catalogs 3.1 Research Basic Situation - Research object: Chuanjinnuo [17] - Industry: Fertilizer industry [17] - Reception time: March 20, 2026 [17] - Reception personnel: Chairman Liu Meng, Director and Financial Controller Huang Hai, Deputy General Manager and Board Secretary Huang Qiuhan, Independent Director Tian Jun, and Sponsoring Representative Zhao Yu [17] 3.2 Detailed Research Institutions - Reception object: Online investors [20] - Reception object type: Not clearly stated in the content - Institution - related personnel: Not clearly stated in the content - Others: Not clearly stated in the content 3.3 Research Institution Proportion - No information provided in the content 3.4 Main Content Information - **Trading Modes**: The company's international sales mostly follow the FOB trading mode, and phosphate rock imports mostly use the CFR trading mode [24]. - **Customer Information**: Customer information is a trade secret, and exemption from disclosure helps avoid unfair competition and protect customer interests [24]. - **2025 Performance**: The company achieved an operating income of 4.074 billion yuan in 2025, a year - on - year increase of 27.04%, mainly from the growth of phosphoric acid business income; the net profit attributable to shareholders of listed companies was 453 million yuan, a year - on - year increase of 157.77%, mainly due to the good market conditions and the further improvement of the company's flexible production advantages and cost - control capabilities [28]. - **2026 Budget**: The company's budgeted income in 2026 is 5.2 billion yuan, a significant year - on - year increase compared with 2025, and the profit is 459 million yuan, remaining unchanged from 2025. Performance fluctuations are affected by multiple factors, resulting in inconsistent growth rates of income and profit [25]. - **Egypt Project**: The project has obtained the environmental assessment approval document in February 2026, the project site has started construction, and it is expected to complete the main civil engineering work by the end of 2026 and start production in mid - 2028. The project is expected to achieve an annual profit of 300 million yuan when reaching full capacity [26][43][45]. - **Response to Policies and Market Changes**: The company can adjust product structure and sales strategies according to changes in domestic and foreign markets and policies, and has flexible production capacity to switch between different products [26][30]. - **Cost and Profit**: Sulfur price increases have an impact on the company's sulfuric acid production cost, but the company can hedge through diversified procurement, inventory optimization, etc. Phosphoric acid and phosphate products have strong cost - transmission ability [39][40]. - **Market Valuation**: The company believes that its current market value does not fully reflect its long - term value and development potential. It will focus on improving performance and strengthen communication with the capital market [35].

Group 1: Financial Performance - The company achieved a revenue of 4.074 billion yuan in 2025, representing a year-on-year increase of 27.04% driven primarily by the growth in phosphate business revenue [9] - The net profit attributable to shareholders for 2025 was 453 million yuan, a significant increase of 157.77%, attributed to favorable market conditions and improved cost control [9] - The budgeted revenue for 2026 is projected to be 5.2 billion yuan, showing a substantial increase compared to 2025, while the profit is expected to remain stable at 459 million yuan [3][6] Group 2: Market and Operational Insights - The company’s international sales are primarily conducted on an FOB basis, while phosphate ore imports are mostly on a CFR basis [1] - The company maintains a reasonable gross profit margin compared to industry peers, indicating no significant anomalies [2] - The company has a strong market adaptability and can adjust its product structure and sales strategies in response to market changes and policy shifts [10][8] Group 3: Project Developments - The Egypt project has a total investment of 1.934 billion yuan, with 695 million yuan already allocated from raised funds [6] - The project site has commenced construction, with the main civil works expected to be completed by the end of 2026 [11] - The company anticipates that the Egypt project will generate an estimated profit of 300 million yuan upon reaching full capacity [22] Group 4: Risk Management and Strategic Planning - The company is actively monitoring the impact of rising sulfur prices due to geopolitical tensions, implementing strategies to mitigate cost increases [18] - The company emphasizes the importance of maintaining a diversified supply chain to manage raw material costs effectively [21] - The management is focused on enhancing shareholder returns and is considering various measures, including potential stock buybacks, to stabilize market value [19][7]

Investment Rating - The report maintains an "Overweight" rating for the basic chemical industry, expecting the industry index to outperform the market index by more than 10% in the next six months [27]. Core Insights - The basic chemical index fell by 5.2% over the past two weeks, underperforming the CSI 300 index by 3.8 percentage points, ranking 24th among 31 industries. Year-to-date, the index has risen by 9.3%, outperforming the CSI 300 index by 10.3 percentage points, ranking 6th among 31 industries [11][14]. - All sub-sectors of the basic chemical index experienced declines in the past two weeks, with non-metal materials down 7.3%, agricultural chemicals down 6.9%, and chemical products down 6.8% [13]. - Among the 408 listed companies in the basic chemical index, 110 saw their stock prices rise, with notable increases from Zhongfu Shenying (100.0%), Chitianhua (56.2%), and Sanfangxiang (49.5%). Conversely, 295 companies experienced declines, with Zhenhua Co., Cangzhou Dahua, and Xinjinlu seeing significant drops of 27.7%, 24.8%, and 24.7% respectively [14] [20]. Summary by Sections Market Review - As of March 19, the basic chemical index has shown a year-to-date increase of 9.3%, while the sub-sectors have varied performance, with chemical raw materials up 24.2% and non-metal materials up 19.6% [11][13]. Important Company Announcements - Wanhua Chemical reported a revenue of 203.235 billion yuan for 2025, a year-on-year increase of 11.62%, while its net profit decreased by 3.88% [20]. - Chuanjinno announced a revenue of 4.075 billion yuan for 2025, a year-on-year increase of 27.04%, with net profit soaring by 157.77% [20]. Key Industry News - The Ministry of Industry and Information Technology (MIIT) announced a pilot program for hydrogen energy applications, focusing on enhancing the economic viability of green ammonia and methanol technologies [20][24]. - The MIIT held a roundtable for small and medium enterprises in the new materials sector, emphasizing the need for innovation in advanced materials and strategic materials [23][24]. Industry Outlook - The report suggests focusing on companies like Sanmei Co. (603379) and Juhua Co. (600160) due to expected profit increases driven by rising refrigerant prices [23][25].

证券代码：300505 证券简称：川金诺 公告编号：2026-016 昆明川金诺化工股份有限公司 关于举行2025年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 昆明川金诺化工股份有限公司（以下简称"公司"）于2026年3月20日在中国 证监会指定的创业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn）披露 了《2025年年度报告》及其摘要。 为便于广大投资者进一步了解公司2025年年度报告和经营情况，公司将于 2026年3月20日（星期五）15:30-17:00，在全景网举办2025年度业绩说明会。本 次说明会将采用网络远程的方式举行，投资者可登陆全景网"投资者关系互动平 台"(http://ir.p5w.net)参与本次年度业绩说明会。 出席本次年度业绩说明会的人员有：公司董事长刘甍先生、财务总监黄海先 生、董事会秘书黄秋涵先生、独立董事田俊先生、保荐代表人赵宇先生。（如有 特殊情况，参会人员将可能进行调整）。 为充分尊重投资者、提升交流的针对性，现就公司 2025 年度业绩说明会提 前向投资者公开征集问 ...

证券代码：300505 证券简称：川金诺 公告编号：2026-014 昆明川金诺化工股份有限公司 关于董事、总经理辞职 暨补选非独立董事及聘任总经理的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、关于董事、总经理辞职的情况 昆明川金诺化工股份有限公司（以下简称"公司"）董事会于近日收到公司 董事、总经理魏家贵先生的书面辞职报告，魏家贵先生因个人及身体健康原因， 难以继续承担工作职责，经慎重考虑，申请辞去公司董事、总经理职务，同时辞 去战略委员会委员职务，辞职后将不再担任公司及子公司任何职务，魏家贵先生 董事、总经理及董事会战略委员会委员职务的原定任期到期日为公司第五届董事 会届满之日止。 根据《公司法》《公司章程》等相关规定，魏家贵先生辞职未导致公司董事 会成员低于法定最低人数，结合公司经营管理及治理工作需要，魏家贵先生的辞 职报告自公司年度董事会召开完毕审议通过相关议案之日起正式生效。魏家贵先 生将按照公司相关制度规定做好辞职交接工作，其辞职不会影响公司董事会的正 常运行，亦不会对公司的日常经营产生不利影响。 截至本公告披露日，魏家贵先生持有公司 ...

2025年度非经营性资金占用及其他关联资金往来情况汇总表 企业负责人： 刘甍 主管会计工作的负责人：黄海 会计机构负责人：王诗雅 11 | 非经营性资金占用 | 资金占用方名称 | 占用方与上市公司的 | 上市公司核算的 | 2025年期初占用资金 | 2025年度占用累计发 | 2025年度占用资金 | 2025年度偿还累计发 | 2025年期末占用资金 | 占用形成原因 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 关联关系 | 会计科目 | 余额 | 生金额（不含利息） | 的利息(如有） | 生金额 | 余额 | | | | 控股股东、实际控制人及其附属企业 | | | | | | | | | | 非经营性占用 | | | | | | | | | | | | 非经营性占用 | | | | | | | | | | | | 非经营性占用 | | 小计 | | | | | | | | | | | | 前控股股东、实际控制人及其附属企业 | | | | | | | | | | 非经营性占用 ...

证券代码：300505 证券简称：川金诺 公告编号：2026-012 昆明川金诺化工股份有限公司（以下简称"公司"）于 2026 年 3 月 18 日召 开第五届董事会第十九次会议，审议通过了《关于调整公司组织架构设置的议案》， 现将相关事项公告如下：为进一步提升公司整体运营效能，建立健全与公司长远 发展相匹配的管理体系，并更好地统筹国内业务与海外市场布局，结合公司战略 发展需要，公司拟对现有组织架构进行系统性调整与优化，调整后的组织架构如 下： 昆明川金诺化工股份有限公司 董 事 会 2026 年 3 月 19 日 昆明川金诺化工股份有限公司 关于调整公司组织架构的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 ...