证券代码：301035 证券简称：润丰股份 公告编号：2025-039 山东潍坊润丰化工股份有限公司 第四届董事会第二十八次会议决议公告 本公司及董事会全体成员保证信息披露内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 会议经全体董事讨论后形成如下决议： 1、审议通过《关于<2025 年半年度报告>及其摘要的议案》 公司《2025 年半年度报告》及《2025 年半年度报告摘要》的内容真实、准 确、完整地反映了公司 2025 年半年度经营的实际情况，不存在任何虚假记载、 误导性陈述或者重大遗漏；报告编制和审核的程序符合法律、行政法规的要求， 符合中国证监会和深交所的相关规定。 具体内容详见公司同日在巨潮资讯网（http://www.cninfo.com.cn）披露的 《2025 年半年度报告》以及《2025 年半年度报告摘要》。 一、董事会会议召开情况 山东潍坊润丰化工股份有限公司（以下简称"公司"）于 2025 年 8 月 20 日在公司会议室以现场与通讯表决相结合的方式召开了第四届董事会第二十八 次会议。会议通知已于 2025 年 8 月 8 日以书面通知的形式送达给全体董事。会 议应到董事 ...

以 商 业 成 功 为 目 标 / 做 难 而 正 确 的 事 / 迈 向 产 业 链 价 值 高 地 / 打 造 完 整 产 业 链 2025年 半年度报告 山东潍坊润丰化工股份有限公司 SHANDONG WEIFANG RAINBOW CHEMICAL CO.,LTD 股票简称:润丰股份 股票代码:301035 2025年8月 成为全球领先的作物保护公司 源自中国 服务世界 350+ 自主专利 8400+ 全球已有登记 西班牙 制造基地 济南 全球运营中心 美国 休斯顿、香槟 制造基地 潍坊、青岛、宁夏 制造基地 5000+ 全球员工 济南、潍坊 研发中心 110+ 海外子公司 锥坊 工程开发中心 100+ 业务覆盖国 阿根廷 制造基地 中国农化品出口 全球农化公司 始终行业领先 排名第 10 2024排名第 1 2024排名第 10 2023排名第 1 2023排名第 1 1 2022排名第 1 2022排名第 1 1 2021排名第 1 2021排名第 1 1 全球中国造到中国品牌全球化 成为全球领先的作物保护公司 2025年半年度运营分析 7 - 公司明确了以九大流程为基础构建全球化运营管理体 系, ...

本公司及董事会全体成员保证信息披露内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、利润分配方案的审议程序 1、董事会审议情况 山东潍坊润丰化工股份有限公司（以下简称"公司"）于 2025 年 8 月 20 日召开第四届董事会第二十八次会议，审议通过《关于 2025 年半年度利润分配 方案的议案》，根据公司 2024 年年度股东大会审议通过的《关于提请股东大会 授权董事会制定 2025 年中期分红事项的议案》，股东大会授权公司董事会制定 具体的中期分红方案，因此本次利润分配方案无需再次提交股东大会审议。 证券代码：301035 证券简称：润丰股份 公告编号：2025-042 山东潍坊润丰化工股份有限公司 关于 2025 年半年度利润分配方案的公告 2、审计委员会、监事会审议情况 公司于 2025 年 8 月 20 日召开第四届董事会审计委员会第十四次会议和第四 届监事会第二十六次会议，审议通过《关于 2025 年半年度利润分配方案的议案》。 经审核，审计委员会、监事会认为，公司拟定的 2025 年半年度利润分配方案， 符合公司实际情况，充分考虑了对广大投资者的合理投资回报，有利于公司的持 续稳 ...

Investment Rating - The report maintains an "Outperform" rating for the chemical industry [2] Core Insights - The chemical industry is expected to benefit from anti-involution policies aimed at curbing disorderly competition and eliminating outdated production capacity, which may lead to a recovery in industrial product prices and positively impact PPI and CPI [6][11][17] - The report highlights the significant influence of the energy and chemical sectors on PPI, with their price fluctuations directly affecting overall industrial inflation levels [16] - The industry is under pressure from declining product prices and reduced capacity utilization, leading to a strong demand for anti-involution measures [17] - The current valuation of the chemical industry is at a historical low, providing substantial upside potential as the sector is expected to recover from its cyclical bottom [17][19] Summary by Sections 1. Importance of Inflation Recovery - The report emphasizes that the chemical sector is a crucial lever for inflation recovery, as evidenced by the PPI's continuous decline and the need for policy intervention to combat deflationary pressures [6][11] 2. Reasons to Focus on Chemicals - The energy and chemical sectors account for 25%-30% of PPI, making their price recovery vital for overall inflation [16] - The industry faces significant profitability challenges, with nearly 25% of chemical companies reporting losses in 2024 [17] 3. Paths for Anti-Involution in Chemicals 3.1. Active Approach: Industry Self-Regulation - Certain sub-industries, such as polyester filament and sucralose, are attempting to improve profitability through supply-side collaboration, benefiting from high concentration and low profitability [27][29] - The report identifies key chemical products likely to benefit from self-regulation, including polyester filament, polyester bottle chips, and organic silicon [29][31] 3.2. Passive Approach: Policy-Driven Industry Improvement - The report outlines a dual-track policy framework focusing on optimizing existing capacity and strictly controlling new projects to enhance the competitive landscape [27][31] - Historical experiences suggest that effective policy measures will include phasing out outdated facilities and enforcing stricter environmental regulations [27][31]

Investment Rating - The report provides a standard investment rating for the chemical industry, indicating a positive outlook for specific sectors within the industry [5]. Core Insights - The report highlights the impact of the explosion at Kanto Denka's facility in Japan, which is expected to create opportunities for domestic electronic gas suppliers as Kanto Denka holds a 90% market share in nitrogen trifluoride production in Japan [6][13]. - The first World Humanoid Robot Games held in Beijing is seen as a catalyst for the robotics industry's development, showcasing technological innovation and attracting talent [6][14]. - The report emphasizes the structural optimization of supply in the chemical sector, suggesting a focus on sectors with significant elasticity and competitive advantages, such as organic silicon and membrane materials [6][15]. Industry Performance - The report notes that during the week of August 11 to August 15, 2025, the CSI 300 index rose by 2.37%, while the Shenwan Basic Chemical Index increased by 2.46%, outperforming the market slightly [6][18]. - The top-performing sub-sectors included modified plastics (up 12.29%) and fluorochemicals (up 5.81%), while the worst performers were civil explosives (down 3.02%) and compound fertilizers (down 1.81%) [6][19]. Price Trends - Key products that saw price increases included hydrochloric acid (up 15.38%) and propylene (up 4.00%), while notable declines were observed in butanone (down 7.16%) and liquid ammonia (down 5.89%) [6][26]. - The report tracks price differentials, with significant increases in the propylene-propane differential (up 33.47%) and decreases in the bisphenol A-phenol differential (down 26.57%) [6][28]. Investment Recommendations - The report suggests focusing on sectors that may benefit from supply-side reforms, particularly organic silicon, membrane materials, and dye sectors, with recommended companies including Hoshine Silicon Industry and Zhejiang Longsheng [6][15]. - It also highlights the growing demand for health additives and sugar substitutes driven by new consumer trends, recommending companies that emphasize technological and product differentiation [6][16][17].

Investment Rating - The report maintains a positive outlook on the chemical industry, particularly focusing on heat dissipation materials and helium gas from Russia, as well as incidents affecting Zhongkun Chemical [3][4]. Core Insights - The macroeconomic judgment indicates that non-OPEC countries are expected to lead an increase in oil production, with a significant overall supply growth anticipated. Global GDP growth is projected at 2.8%, with stable oil demand despite some slowdown due to tariffs [3][4]. - The trend towards liquid cooling in AI servers is highlighted, with significant power requirements leading to increased demand for specialized cooling materials. The report suggests monitoring companies like Bayi Shikong, New Era, Dongyangguang, Yonghe Co., and Juhua Co. [3][4]. - Recent incidents affecting helium supply in Russia and a fire at Zhongkun Biotech are expected to positively impact the helium supply-demand balance, with recommendations to focus on companies like Guanggang Gas, Huate Gas, and Jinhong Gas [3][4]. Summary by Sections Industry Dynamics - Oil supply is expected to increase significantly, with non-OPEC countries leading the way. Global oil demand remains stable, but growth may slow due to tariff impacts. Coal prices are expected to stabilize at low levels, while natural gas export facilities in the U.S. may reduce import costs [4][5]. Chemical Sector Configuration - The report notes a decrease in oil prices and an increase in coal prices, with industrial product PPI showing a year-on-year decline of 3.6%. Manufacturing PMI recorded at 49.3%, indicating a slight contraction in manufacturing activity [3][5]. Investment Analysis - Traditional cyclical investments should focus on leading companies in their respective sectors, including Wanhu Chemical, Hualu Hengsheng, and Baofeng Energy. Growth sectors include semiconductor materials and OLED panel materials, with specific companies highlighted for their potential [3][4][17].

Investment Rating - Industry Rating: Outperform the Market (upgraded from Neutral) [5] Core Insights - The US has imposed a 50% tariff on Indian imports, which may impact the pesticide industry significantly [12] - India is the world's third-largest producer and exporter of agricultural chemicals, with a production capacity of 389,000 tons and an output of 258,000 tons in 2022-23 [2][13] - The global pesticide formulation export value is projected to be approximately $39.5 billion in 2024, with India contributing $4.142 billion, making it the third-largest exporter [2][23] - The export structure of Indian pesticides shows that herbicides account for 39% of export value, while fungicides account for 43% of export volume [2][23] - From FY 2014-15 to FY 2023-24, India's pesticide export value has grown at a compound annual growth rate (CAGR) of 12.6%, while imports have grown at a slower pace of 7.7% [31] Summary by Sections Section 1: US Tariffs on Indian Imports - The US has announced a 25% tariff on Indian imports, which will be effective from August 7, 2023, leading to a total tariff rate of 50% [12] Section 2: India's Agricultural Chemical Industry - India ranks as the fourth-largest agricultural chemical producer globally, with a significant focus on exports [2][23] - The production structure is dominated by insecticides and fungicides, which account for 47% and 34% of total production capacity, respectively [13] Section 3: US Pesticide Imports - The US heavily relies on China and India for pesticide imports, with China exporting $9 billion and India $4.1 billion in 2024 [3][34] - The US's dependence on Indian imports includes 77% of certain insecticides and 90% of specific fungicides [4][44] Section 4: Recommended Stocks - Key recommendations include Yangnong Chemical and Runfeng Co., with expected net profits of 1.47 billion, 1.78 billion, and 2 billion yuan for Yangnong from 2025 to 2027 [56] - Runfeng Co. is projected to achieve net profits of 1.26 billion, 1.41 billion, and 1.59 billion yuan in the same period [57]

Group 1 - The company announced that its president, Shen Jie, holds 72,130 shares, accounting for 0.0259% of total shares, and plans to reduce holdings by up to 18,033 shares, which represents 0.0065% of total shares, within three months after fifteen trading days from the announcement [1] - The company's CFO and board secretary, Xing Bingpeng, holds 102,300 shares, representing 0.0368% of total shares, and intends to reduce holdings by up to 25,584 shares, which is 0.0092% of total shares, during the same period [1]

证券代码：301035 证券简称：润丰股份 公告编号：2025-036 山东潍坊润丰化工股份有限公司 关于高级管理人员减持股份的预披露公告 公司高级管理人员沈婕、邢秉鹏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公告内容与信息披露义务人提供的信息一致。 特别提示： 截至本公告日，上述股东持有公司股份情况如下： 单位：股 | 姓名 | 任职情况 | 持有股份 | 占公司总 | 持有有限售条 | 持有无限售条 | | --- | --- | --- | --- | --- | --- | | | | 总数量 | 股份比例 | 件股份数量 | 件股份数量 | - 1 - 1、山东潍坊润丰化工股份有限公司（以下简称"公司"、"润丰股份"或 "发行人"）总裁沈婕女士持有润丰股份 72,130 股（占公司剔除回购股份后总 股本比例 0.0259%），计划在本减持计划预披露公告之日起十五个交易日后的三 个月内（窗口期不减持），以集中竞价方式减持公司股份不超过 18,033 股(不 超过公司剔除回购股份后总股本比例 0.0065%)。 2、公司财务总监、董事会 ...

关于归还暂时补充流动资金的闲置募集资金的公告 本公司及董事会全体成员保证信息披露内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 山东潍坊润丰化工股份有限公司（以下简称"公司"）于 2024 年 8 月 8 日 召开第四届董事会第二十次会议、第四届监事会第二十次会议，审议通过《关于 使用部分闲置募集资金暂时补充流动资金的议案》。为提高募集资金使用效率， 降低公司财务成本，促进经营业务发展，在遵循股东利益最大化的原则并保证募 集资金投资项目建设资金需求的前提下，公司使用不超过 40,000 万元暂时闲置 募集资金补充流动资金，用于公司主营业务相关的生产经营，使用期限自公司董 事会审议通过之日起不超过 12 个月。具体内容详见 2024 年 8 月 8 日公司于巨潮 资讯网（http://www.cninfo.com.cn）刊登的《关于使用部分闲置募集资金暂时 补充流动资金的公告》。 证券代码：301035 证券简称：润丰股份 公告编号：2025-035 山东潍坊润丰化工股份有限公司 董事会 2025 年 8 月 4 日 自公司董事会审议通过后，公司实际使用闲置募集资金补充流动资金的金额 为 314, ...