山东潍坊润丰化工股份有限公司 2024 年度独立董事述职报告 （独立董事牛红军） 本人作为山东潍坊润丰化工股份有限公司（以下简称"公司"）第四届董事 会的独立董事，2024年严格按照《中华人民共和国公司法》《上市公司独立董事 管理办法》《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》等法律法规和《山东潍坊润丰化工股份有限公司章程》《山东潍坊润 丰化工股份有限公司独立董事工作制度》等公司相关规定和要求，谨慎、认真、 勤勉、独立地履行职责，积极出席相关会议，维护公司整体利益和全体股东的合 法权益。现将2024年度履职情况汇报如下： 一、独立董事的基本情况 牛红军：男，中国国籍，出生于1972年，无永久境外居留权，中国人民大学 管理学博士，硕士生导师。1995年至2005年任石家庄铁道大学经济管理学院讲师； 2005年至2008年于中国人民大学商学院攻读管理学博士；2008年至今任北京工商 大学商学院讲师、本公司独立董事。另担任华耀德睿（北京）管理咨询有限公司 监事、北京数字认证股份有限公司独立董事、深圳通业科技股份有限公司独立董 事。 作为公司的独立董事，本人未在公司担任除独立董事以外的其 ...

山东潍坊润丰化工股份有限公司 2024 年度独立董事述职报告 （独立董事孟庆强） 本人作为山东潍坊润丰化工股份有限公司（以下简称"公司"）第四届董事 会的独立董事，2024年严格按照《中华人民共和国公司法》《上市公司独立董事 管理办法》《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》等法律法规和《山东潍坊润丰化工股份有限公司章程》《山东潍坊润 丰化工股份有限公司独立董事工作制度》等公司相关规定和要求，谨慎、认真、 勤勉、独立地履行职责，积极出席相关会议，维护公司整体利益和全体股东的合 法权益。现将2024年度履职情况汇报如下： 一、独立董事的基本情况 孟庆强：男，中国国籍，出生于1973年，无永久境外居留权，本科学历，毕 业于山东大学法律专业。2001年至2002年任山东洞察律师事务所实习律师；2002 年至2004年任山东安百合律师事务所律师；2004年至2011年历任山东康桥律师事 务所律师、合伙人；2012年至今任北京德恒（济南）律师事务所高级合伙人、本 公司独立董事。 作为公司的独立董事，本人未在公司担任除独立董事以外的其他任何职务， 没有为公司提供财务、法律、管理咨询、技术咨 ...

Financial Performance - The company reported a revenue of RMB 1.2 billion for the fiscal year 2024, representing a year-over-year growth of 15%[37]. - The company's operating revenue for 2024 reached ¥13.30 billion, an increase of 15.77% compared to ¥11.48 billion in 2023[42]. - Total revenue for 2024 reached ¥13,296,203,422, representing a year-on-year increase of 15.77% compared to ¥11,484,792,643 in 2023[92]. - Net profit attributable to shareholders decreased by 41.63% to ¥450.08 million in 2024 from ¥771.12 million in 2023[42]. - The cash flow from operating activities improved significantly, showing a net inflow of ¥751.34 million in 2024 compared to a net outflow of ¥1.35 billion in 2023, marking a 155.64% increase[42]. - Basic earnings per share dropped by 42.09% to ¥1.61 in 2024 from ¥2.78 in 2023[42]. - The company's international revenue constituted 99.42% of total revenue, increasing by 18.66% from the previous year[92]. - The company expects a revenue guidance of RMB 1.5 billion for the next fiscal year, indicating a projected growth of 25%[37]. Market Expansion - The company's TO C business revenue share increased from 33.82% in 2023 to 37.65% in the reporting period, with a gross margin of 28.99%, up 0.09% year-on-year[10]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[37]. - The company has initiated sales of its Rainbow brand in several new countries, including Mexico, Australia, and Germany[86]. - The company aims to complete the construction of a "rapid market entry platform" in all major global markets, except for the US, Canada, and Japan, by 2024[76]. - The company is actively expanding its global marketing network, combining traditional export models with overseas self-registration to enhance market presence[70]. Research and Development - Research and development investments have increased by 30%, totaling RMB 150 million, aimed at enhancing product efficacy and sustainability[37]. - The company is focusing on the research and development of high-efficiency insecticides and fungicides, with a target production capacity of 10,000 tons by 2025[128]. - The company is developing new products, including a clean production system for uracil herbicides, aimed at enhancing product competitiveness[104]. - The company has developed new production methods for triazine herbicides, addressing high energy consumption and low production capacity issues[66]. - The company is working on a new green synthesis process for phenoxycarboxylic acid herbicides, which is expected to achieve international leading standards and enhance global market presence[103]. Strategic Initiatives - The company plans to invest in IT systems to achieve over 95% global coverage by the end of 2029, enhancing operational management capabilities[6]. - The company plans to pursue strategic acquisitions to bolster its product portfolio, with a budget of RMB 500 million allocated for potential targets[37]. - The company has established a mid-term strategic plan for 2020-2024, focusing on enhancing its position in the industry value chain and building a complete industrial chain[73]. - The strategic plan for 2025-2029 focuses on "quality improvement and efficiency enhancement," prioritizing operational quality over revenue growth[136][138]. - The company is committed to increasing investment in overseas self-registration to enrich product offerings in target countries[72]. Regulatory and Environmental Compliance - The company is committed to strict compliance with environmental laws and regulations to manage environmental risks effectively[146]. - The company emphasizes the importance of environmental protection and plans to enhance investment in green processes and clean production technologies[146]. - Regulatory changes in various countries are increasing the costs and complexity of product registration, with fees in India rising from approximately $20,000 to between $400,000 and $800,000 for single product registrations[57]. - The company has received environmental approvals for multiple projects, including a new pesticide pilot base and a 30,000 tons/year soluble fertilizer project, with approvals dated from February to November 2024[68]. Financial Management - The company raised a total of RMB 152,186.20 million through the public offering of 69,050,000 shares at a price of RMB 22.04 per share[124]. - The net amount of funds raised after deducting issuance costs was RMB 142,880.93 million[124]. - The company has established a management system for foreign exchange derivative trading, ensuring compliance with internal control processes[120]. - The company is utilizing financial hedging tools to manage exchange rate risks without speculative intentions[151]. - The company has implemented strict internal approval processes for foreign exchange derivative transactions[120]. Governance and Shareholder Relations - The company has established a solid foundation for sustainable growth through its governance structure and board activities[196]. - The board consists of 9 members, including 3 independent directors, adhering to legal and regulatory requirements for board composition[162]. - The company has a performance evaluation and incentive mechanism in place, including a restricted stock incentive plan for key personnel[164]. - The company is committed to maintaining effective investor relations management and ensuring transparent communication with investors[166]. - The company held four shareholder meetings during the reporting period, ensuring compliance with legal requirements and providing equal opportunities for all shareholders[161].

Financial Performance - The company's revenue for Q1 2025 was ¥2,686,285,834.39, a slight decrease of 0.26% compared to ¥2,693,191,598.95 in the same period last year[5] - Net profit attributable to shareholders increased by 67.98% to ¥256,742,629.50 from ¥152,843,351.25 year-on-year[5] - The basic earnings per share rose by 65.45% to ¥0.91, compared to ¥0.55 in the previous year[5] - Net profit for the current period is ¥274,496,882.87, representing a 65.9% increase compared to ¥165,301,073.39 in the previous period[28] - The total comprehensive income attributable to the parent company was CNY 272,571,898.38, an increase from CNY 239,746,499.85 in the previous period, representing a growth of approximately 13.7%[29] - Basic and diluted earnings per share increased to CNY 0.91 from CNY 0.55, reflecting a growth of 65.5%[29] Assets and Liabilities - The total assets at the end of Q1 2025 were ¥15,726,974,706.53, reflecting a 2.82% increase from ¥15,295,821,126.53 at the end of the previous year[5] - Total current assets at the end of the reporting period amount to 11,658,461,226.08 CNY, an increase from 11,477,661,354.27 CNY at the beginning of the period[23] - Non-current liabilities rose to ¥660,683,694.25 from ¥477,215,419.81, marking an increase of 38.3%[25] - The company's total equity increased to ¥7,350,550,201.26 from ¥7,049,070,393.76, a growth of 4.3%[25] Cash Flow - The net cash flow from operating activities improved by 77.60%, reaching -¥66,760,267.05, compared to -¥297,983,503.10 in the same period last year[5][16] - Cash inflow from operating activities totaled CNY 2,995,811,993.37, compared to CNY 2,666,623,340.64 in the previous period, marking an increase of about 12.3%[30] - The net cash flow from operating activities was negative at CNY -66,760,267.05, an improvement from CNY -297,983,503.10 in the previous period[30] - Cash outflow from investing activities was CNY 237,911,408.81, compared to CNY 209,319,241.56 in the previous period, indicating an increase of approximately 13.7%[31] - Cash inflow from financing activities was CNY 1,027,634,410.10, down from CNY 1,406,622,528.15 in the previous period, a decrease of about 27%[31] - The ending balance of cash and cash equivalents was CNY 1,319,076,747.08, compared to CNY 982,128,040.57 in the previous period, representing a significant increase of about 34.3%[32] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,591[18] - The largest shareholder, Shandong Runyuan Investment Co., Ltd., holds 40.93% of shares, totaling 114,911,237 shares[18] - KONKIA INC is the second-largest shareholder with a 21.79% stake, amounting to 61,191,800 shares[18] - The total number of preferred shareholders at the end of the reporting period is 0[20] Expenses and Impairments - The company reported a significant increase in research and development expenses, rising to ¥41,478,564.79 from ¥36,086,891.09, an increase of 12.5%[27] - The company experienced a 494.51% increase in asset impairment losses, amounting to ¥2,108,700.92, mainly due to a reduction in inventory write-downs[14] - Financial expenses showed a dramatic change, with a decrease of 315.25% to -¥158,316,204.60, primarily due to a substantial increase in exchange gains[13] - The company recorded a financial expense of -¥158,316,204.60, a significant decrease from ¥73,548,551.51 in the previous period[27] Inventory and Receivables - Inventory at the end of the reporting period is 2,894,984,334.78 CNY, up from 2,417,727,613.29 CNY at the beginning[23] - The company has 5,293,789,769.25 CNY in accounts receivable, slightly down from 5,383,557,983.75 CNY[23] - The company has a total of 57,226,327.05 CNY in other receivables, an increase from 44,619,050.70 CNY[23] Other Information - The company received government subsidies that contributed to a 33.27% increase in deferred income, totaling ¥17,464,659.56[11] - The company has a total of 426,200 shares under lock-up due to executive restrictions[21] - The company did not report any significant new product developments or market expansions during this period[32] - The company reported a foreign currency translation difference of CNY 15,829,268.88, contributing to the overall comprehensive income[29]

Investment Rating - The industry investment rating is "Positive (Maintain)" [6] Core Views - The report highlights a rebound in oil prices due to easing U.S. tariff policies and tightening supply expectations. It emphasizes a focus on leading companies with strong alpha that are less correlated with oil prices, suggesting a bottom-fishing strategy. The report also recommends paying attention to domestic demand and opportunities in new material substitutions, particularly in the agricultural chemical sector during the spring farming season [13][15]. Summary by Sections 1. Core Views - The report suggests maintaining a focus on leading companies with strong fundamentals and low correlation to oil prices, while also monitoring domestic demand and new material substitution opportunities [13][15]. - Recommended companies include: - Huangma Technology: A leader in specialty polyether, showing signs of recovery from previous macro demand pressures [13]. - Runfeng Co., Ltd.: A rare company with global formulation registration and sales channels [14]. - Guoguang Co., Ltd.: A leader in differentiated formulations in the plant growth regulator sector [14]. - Hualu Hengsheng: Benefiting from recovering core product prices and declining coal prices, leading to improved price differentials [14]. 2. Oil and Chemical Price Information - As of April 16, Brent oil prices increased by 4.9% to $67.96 per barrel. Despite the IEA lowering oil demand growth forecasts, market concerns over U.S. tariff policies eased, contributing to the price increase [15]. - The report monitors 188 chemical products, with the top three price increases being: - Trichloroethylene: Up 16.3% - Butane: Up 8.9% - WTI: Up 7.7% - The top three price decreases were: - Liquid chlorine: Down 62.3% - D4: Down 17.8% - Anthracene oil: Down 12.4% [16][17]. 3. Price Spread Information - The top three price spread increases for the week were: - Carbon black spread: Up 64.5% - Calcium carbide PVC spread: Up 57.8% - Monoammonium phosphate: Up 14.5% - The top three price spread decreases were: - Butyl acrylate spread: Down 50.7% - Hydrogen peroxide spread: Down 44.4% - MTP spread: Down 30.2% [19][20].

Investment Rating - The industry investment rating is "Positive (Maintain)" [6] Core Viewpoints - The report highlights the impact of recent tariff actions and a significant drop in international oil prices due to weak supply and demand expectations. It emphasizes a focus on leading companies with strong fundamentals that are less correlated with oil prices, suggesting a bottom-fishing strategy. Additionally, it recommends paying attention to domestic market opportunities, particularly in the agricultural chemical sector during the spring farming season, and the potential for domestic substitution in new materials due to tariff pressures [12][13]. Summary by Sections 1. Core Viewpoints - The report notes that as of April 4, Brent oil prices fell by 10.9% to $65.58 per barrel, influenced by tariff actions and OPEC+ production plans exceeding expectations, leading to a significant decline in oil supply forecasts [13] - It suggests focusing on leading companies with strong alpha, recommending investments in companies like Wanhua Chemical, Huamao Technology, Runfeng Co., Guoguang Co., and Hualu Hengsheng, all of which are expected to benefit from recent market dynamics [12][14] 2. Oil and Chemical Price Information - As of March 28, U.S. crude oil commercial inventories stood at 439.8 million barrels, with a weekly increase of 6.2 million barrels. Gasoline inventories decreased by 1.6 million barrels, while distillate inventories increased by 300,000 barrels [13] - The report monitors 188 chemical products, noting that the top three price increases were for acrylic acid (up 8.8%), synthetic ammonia (up 5.0%), and DMF (up 4.7%). The largest decreases were for tetrachlorethylene (down 7.1%), tryptophan (down 5.8%), and succinic anhydride (down 5.8%) [14][15] 3. Investment Recommendations and Targets - Recommended stocks include: - Wanhua Chemical: Core product MDI showing recent profit improvement with upcoming petrochemical and new material projects [12] - Huamao Technology: A leader in specialty polyether, recovering from previous macro demand pressures [12] - Runfeng Co.: A rare stock with global formulation registration and sales channels [12] - Guoguang Co.: A leader in differentiated formulations in the plant growth regulator sector [12] - Hualu Hengsheng: Core product prices recovering alongside falling coal prices, leading to improved margins [12]

证券代码：301035 证券简称：润丰股份 公告编号：2025-009 山东潍坊润丰化工股份有限公司 关于回购公司股份进展的公告 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。 重要内容提示 | 回购方案首次披露日 | 2024 年 11 月 4 日 | | --- | --- | | 回购方案实施期限 | 自董事会审议通过本次回购股份方案之日起 12 个 月内 | | 预计回购金额 | 拟使用不低于人民币 6,500.00 万元（含本数）且 不超过人民币 13,000.00 万元（含本数）自有资金 | | | 及股票回购专项贷款资金 | | 回购用途 | 用于股权激励计划 | | 累计已回购股数 | 2,497,945 股 | | 累计已回购股数占总股本比例 | 0.89% | | 累计已回购金额 | 124,815,120.34 元 | | 实际回购价格区间 | 46.96 元/股~51.50 元/股 | 山东潍坊润丰化工股份有限公司（以下简称"公司"）根据《上市公司股份 回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相 关规定， ...

证券代码：301035 证券简称：润丰股份 公告编号：2025-008 山东潍坊润丰化工股份有限公司 关于回购公司股份进展的公告 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。 重要内容提示 | 回购方案首次披露日 | 2024 年 11 月 4 日 | | --- | --- | | 回购方案实施期限 | 自董事会审议通过本次回购股份方案之日起 12 个 月内 | | 预计回购金额 | 拟使用不低于人民币 6,500.00 万元（含本数）且 不超过人民币 13,000.00 万元（含本数）自有资金 | | | 及股票回购专项贷款资金 | | 回购用途 | 用于股权激励计划 | | 累计已回购股数 | 2,497,945 股 | | 累计已回购股数占总股本比例 | 0.89% | | 累计已回购金额 | 124,815,120.34 元 | | 实际回购价格区间 | 46.96 元/股~51.50 元/股 | 山东潍坊润丰化工股份有限公司（以下简称"公司"）根据《上市公司股份 回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相 关规定， ...

重要内容提示 | 回购方案首次披露日 | 2024 年 11 4 日 | 月 | | | --- | --- | --- | --- | | 回购方案实施期限 | 自董事会审议通过本次回购股份方案之日起 12 月内 | | 个 | | 预计回购金额 | 拟使用不低于人民币 6,500.00 万元（含本数）且 不超过人民币 13,000.00 万元（含本数）自有资金 及股票回购专项贷款资金 | | | | 回购用途 | 用于股权激励计划 | | | | 累计已回购股数 | 2,497,945 股 | | | | 累计已回购股数占总股本比例 | 0.89% | | | | 累计已回购金额 | 124,815,120.34 元 | | | | 实际回购价格区间 | 46.96 元/股~51.50 元/股 | | | 山东潍坊润丰化工股份有限公司（以下简称"公司"）根据《上市公司股份 回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相 关规定，公司应在首次回购股份事实发生的次一交易日予以披露、在每个月的前 三个交易日内披露截至上月末的回购进展情况。现将具体情况公告如下： 一、回购股份的基本情况 ...

证券代码：301035 证券简称：润丰股份 公告编号： 2025- 006 山东潍坊润丰化工股份有限公司 关于控股股东部分股份解除质押的公告 控股股东山东润源投资有限公司保证向本公司提供的信息内容真实、准确和 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。 重要内容提示 授予部分第二个归属期共 2,108,880 股完成归属登记并上市流通，公司总股本变更为 280,770,974 股，下 同。 二、控股股东股份累计质押的基本情况 山东潍坊润丰化工股份有限公司（以下简称"公司"）控股股东山东润源投 资有限公司（以下简称"润源投资"）持有公司股份 114,911,237 股，占公司总 股本的 40.93%。截至本公告披露日，润源投资累计质押公司股份 41,328,000 股， 占其持股总数的 35.97%，占公司总股本的 14.72%。 一、本次股份解除质押的基本情况 公司于 2025 年 2 月 5 日收到控股股东润源投资的通知，获悉其所持有本公 司的部分股份办理了解除质押业务，相关手续已在中国证券登记结算有限责任公 司办理完成。本次解除质押股份的 ...