Core Viewpoint - Jiangtian Chemical (300927.SZ) announced that its shareholder Nantong Jiangshan Pesticide Chemical Co., Ltd. (referred to as "Jiangshan Co., Ltd." (600389)) plans to reduce its holdings in the company by a total of no more than 4.3308 million shares, accounting for 3.00% of the company's total share capital, through centralized bidding or block trading from September 29, 2025, to December 28, 2025 [1] Summary by Category - Shareholder Reduction Plan - Jiangshan Co., Ltd. intends to reduce its stake in Jiangtian Chemical by up to 4.3308 million shares [1] - This reduction represents 3.00% of Jiangtian Chemical's total share capital [1] - The planned reduction will occur between September 29, 2025, and December 28, 2025 [1]

Group 1 - The core point of the article is that Jiangtian Chemical (300927.SZ) announced that its shareholder Nantong Jiangshan Pesticide Chemical Co., Ltd. plans to reduce its holdings in the company by up to 4.3308 million shares, which represents 3.00% of the total share capital, through centralized bidding or block trading between September 29, 2025, and December 28, 2025 [1]

Group 1 - The major shareholder Jiangshan Co., Ltd. plans to reduce its stake in Nantong Jiangtian Chemical, holding 12.02% of the shares, by selling up to 433.08 million shares, which is 3% of the total share capital, within three months from September 29, 2025, to December 28, 2025 [1] - The reduction will occur through centralized bidding or block trading, with a maximum of 144.36 million shares (1% of total shares) through centralized bidding and 288.72 million shares (2% of total shares) through block trading [1] - Jiangshan Co. stated that the reason for the reduction is due to its own funding needs, with shares acquired before the IPO and through capital reserve conversion [1] Group 2 - Jiangshan Co. is compliant with regulations and has not violated any commitments made during the IPO process, ensuring that the planned reduction aligns with previous intentions [2] - The implementation of the reduction plan is uncertain and will depend on market conditions and stock price, but it will not change the control structure of Nantong Jiangtian Chemical as Jiangshan Co. is not the controlling shareholder [3] - The market's reaction to this major shareholder reduction and the subsequent stock price movement of Nantong Jiangtian Chemical will be closely monitored [3]

Core Viewpoint - The major shareholder, Nantong Jiangshan Pesticide Chemical Co., Ltd., plans to reduce its holdings in Jiangtian Chemical by up to 4,330,800 shares, representing 3% of the total share capital, through centralized bidding or block trading from September 29, 2025, to December 28, 2025 [1][2]. Shareholder Information - The shareholder involved in the reduction is Nantong Jiangshan Pesticide Chemical Co., Ltd., which currently holds more than 5% of Jiangtian Chemical's shares [1][2]. Details of the Reduction Plan - The reduction plan includes selling up to 4,330,800 shares, with a maximum of 1,443,600 shares through centralized bidding and 2,887,200 shares through block trading. The total number of shares sold in any 90-day period cannot exceed 1% of the total shares [2][3]. - The reduction period is set from September 29, 2025, to December 28, 2025, and the number of shares may be adjusted in case of corporate actions such as dividends or stock splits [2][4]. Compliance with Previous Commitments - The shareholder has adhered to previous commitments made during the initial public offering, which included a lock-up period of 12 months during which no shares would be transferred or managed by others [3][5]. - The shareholder's current reduction plan aligns with previously disclosed intentions and commitments [5].

特别提示： 证券代码：300927 证券简称：江天化学 公告编号：2025-039 南通江天化学股份有限公司 大股东减持股份预披露公告 持股 5%以上的股东南通江山农药化工股份有限公司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。 持有南通江天化学股份有限公司（以下简称"公司""发行人"）股份 17,359,200 股（占公司总股本比例 12.02%）的股东南通江山农药化工股份有限 公司（以下简称"江山股份"）计划在本减持计划公告发布之日起 15 个交易日 后的 3 个月内（即 2025 年 9 月 29 日至 2025 年 12 月 28 日）通过集中竞价或大 宗交易方式合计减持本公司股份不超过 4,330,800 股（占本公司总股本的比例为 3.00%），其中以集中竞价方式减持持有的公司股份不超过 1,443,600 股（即不 超过公司股份总数的 1%）；以大宗交易方式减持公司股票不超过 2,887,200 股 （即不超过公司股份总数的 2%）。 公司于近日收到江山股份出具 ...

Core Viewpoint - Jiangtian Chemical announced that its major shareholder, Jiangshan Co., holds 17.3592 million shares, accounting for 12.02% of the company, and plans to reduce its holdings by up to 4.3308 million shares, representing 3.00% of the total shares, between September 29, 2025, and December 28, 2025 [1] Summary by Relevant Sections - Shareholder Information - Jiangshan Co. holds 17.3592 million shares of Jiangtian Chemical, which is 12.02% of the total shares [1] - Reduction Plan - The planned reduction will occur from September 29, 2025, to December 28, 2025, with a maximum of 4.3308 million shares to be sold [1] - The reduction will be executed through centralized bidding or block trading, with no more than 1.4436 million shares through centralized bidding and no more than 2.8872 million shares through block trading [1] - Pricing Conditions - The shares will be sold at a price not lower than the company's initial public offering price [1]

Market Overview - On September 2, the Jiangsu state-owned enterprise reform sector fell by 0.85% compared to the previous trading day, with Lianhuan Pharmaceutical leading the decline [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Stock Performance - Notable gainers in the Jiangsu state-owned enterprise reform sector included: - Huami Environmental Energy (600475) with a closing price of 23.86, up 10.00% [1] - Zhongsheng High-Tech (002778) with a closing price of 20.94, up 5.23% [1] - Nanjing Port (002040) with a closing price of 10.03, up 3.62% [1] - Major decliners included: - Lianhuan Pharmaceutical (600513) with a closing price of 21.96, down 6.63% [2] - Tongxingbao (301339) with a closing price of 16.73, down 4.35% [2] - Nanjing Chemical Fiber (600889) with a closing price of 15.16, down 4.29% [2] Capital Flow - The Jiangsu state-owned enterprise reform sector experienced a net outflow of 720 million yuan from institutional investors, while retail investors saw a net inflow of 409 million yuan [2][3] - The capital flow for specific stocks showed: - Huami Environmental Energy (600475) had a net inflow of 1.421 billion yuan from institutional investors [3] - Jiangsu Jinzhu (002091) had a net inflow of 12.13 million yuan from institutional investors [3] - Nanjing Travel (600250) had a net inflow of 10.72 million yuan from institutional investors [3]

Market Overview - On August 28, the chemical raw materials sector rose by 0.26% compared to the previous trading day, with Xinghua Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Stock Performance - Xinghua Co., Ltd. (002109) closed at 4.11, with a significant increase of 9.89% and a trading volume of 1.2355 million shares, amounting to a transaction value of 498 million yuan [1] - Other notable performers included Jiangtian Chemical (300927) with a closing price of 29.92, up 3.35%, and Shanshui Technology (301190) at 26.44, up 3.28% [1] Fund Flow Analysis - The chemical raw materials sector experienced a net outflow of 788 million yuan from institutional investors, while retail investors saw a net inflow of 664 million yuan [2] - The overall fund flow indicates a mixed sentiment, with institutional investors withdrawing capital while retail investors increased their positions [2] Individual Stock Fund Flow - Xinghua Co., Ltd. had a net inflow of 1.10 billion yuan from institutional investors, indicating strong institutional interest despite the overall sector outflow [3] - Other stocks like Sanyou Chemical (600409) and Jinpu Titanium Industry (000545) also showed varied fund flows, with Sanyou Chemical receiving a net inflow of 26.14 million yuan from institutional investors [3]

证券之星消息，8月26日，江天化学（300927）融资买入3043.07万元，融资偿还2594.04万元，融资净买 入449.03万元，融资余额1.19亿元，近3个交易日已连续净买入累计2636.64万元。 | 交易日 | 融资净买入(元) | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | | 2025-08-26 | 449.03万 | 1.19亿 | 2.80% | | 2025-08-25 | 1602.28万 | 1.14亿 | 2.60% | | 2025-08-22 | 585.33万 | 9810.36万 | 2.24% | | 2025-08-21 | 391.76万 | 9225.03万 | 2.05% | | 2025-08-20 | -389.36万 | 8833.26万 | 2.17% | 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 | 交易日 | 两融余额(元) | 余额变动(元) | 变动幅度 | | --- | --- | --- | --- | | 20 ...

Core Viewpoint - Jiangtian Chemical (300927) reported significant revenue growth but a drastic decline in net profit for the first half of 2025, indicating potential operational challenges despite increased sales [1] Financial Performance - Total revenue reached 753 million yuan, a year-on-year increase of 113.64% [1] - Net profit attributable to shareholders was 257,700 yuan, down 98.97% year-on-year [1] - The second quarter saw total revenue of 402 million yuan, up 122.23% year-on-year, but a net loss of 56,100 yuan, a decline of 104.43% [1] - Gross margin was 5.83%, a decrease of 63.64% year-on-year, while net margin fell to 0.03%, down 99.52% [1] - Total operating expenses were 33.43 million yuan, accounting for 4.44% of revenue, a decrease of 18.77% year-on-year [1] Key Ratios and Metrics - Earnings per share (EPS) dropped to 0.00 yuan, a decline of 98.96% year-on-year [1] - Cash flow from operations per share increased significantly to 0.77 yuan, up 17,430.5% year-on-year [1] - The company's net assets per share rose to 6.6 yuan, an increase of 37.64% year-on-year [1] Business Evaluation - The company's return on invested capital (ROIC) was 28.97% last year, indicating strong capital returns [3] - Historical data shows a median ROIC of 15.43% since the company went public, with a low of 9.81% in 2023 [3] - The business model relies heavily on capital expenditures, necessitating careful evaluation of the effectiveness and necessity of these investments [3]