11月24日，保立佳涨5.07%，截至发稿，报15.13元/股，成交3861.54万元，换手率3.85%，总市值21.04 亿元。 资料显示，上海保立佳化工股份有限公司位于上海市闵行区中春路1288号33幢，成立日期2001年8月24 日，上市日期2021年7月30日，公司主营业务涉及主要从事水性丙烯酸乳液的研发、生产和销售业务。 主营业务收入构成为：建筑乳液54.83%，防水乳液18.05%，包装乳液9.87%，助剂及其他8.69%，纺织 乳液8.57%。 从保立佳十大流通股东角度 数据显示，中信保诚基金旗下1只基金位居保立佳十大流通股东。中信保诚多策略混合(LOF)A （165531）三季度新进十大流通股东，持有股数61.86万股，占流通股的比例为0.91%。根据测算，今日 浮盈赚取约45.16万元。 中信保诚多策略混合(LOF)A（165531）成立日期2017年6月16日，最新规模11.33亿。今年以来收益 40.98%，同类排名937/8209；近一年收益38.38%，同类排名886/8129；成立以来收益138.72%。 中信保诚多策略混合(LOF)A（165531）基金经理为王颖。 截至发稿，王 ...

证券代码：301037 证券简称：保立佳 公告编号：2025-040 上海保立佳化工股份有限公司 关于为全资子公司提供担保的进展公告 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。 特别风险提示： 上海保立佳化工股份有限公司（以下简称"公司"）及控股子 公司最新提供的预计担保额度不超过 35.71 亿元，占公司最近一 期经审计净资产的 564.59%，其中为资产负债率超过 70%的担保 对象提供的担保额度不超过 33.11 亿元，占公司最近一期经审计 净资产的 523.48%，上述担保均为公司及子公司对合并报表范围 内公司提供的担保。敬请广大投资者充分关注担保风险。 一、担保情况概述 公司于 2025 年 4 月 21 日、2025 年 5 月 16 日分别召开第四 届董事会第三次会议、第四届监事会第三次会议和 2024 年年度 股东会，审议并通过《关于为子公司提供担保额度预计的议案》。 公司及子公司拟为合并报表范围内的子公司提供担保，担保额度 累计不超过人民币 35.71 亿元。上述担保额度的有效期为自 2024 年年度股东会审议通过之日起未来十二个月内有效 ...

Core Viewpoint - The company Baolijia has shown mixed financial performance, with a significant decrease in revenue but a notable increase in net profit, indicating potential operational efficiency improvements despite declining sales [2]. Financing and Trading Activity - On November 12, Baolijia's stock price increased by 0.62%, with a trading volume of 29.33 million yuan. The financing buy-in amount was 2.18 million yuan, while the financing repayment was 3.48 million yuan, resulting in a net financing outflow of 1.30 million yuan [1]. - As of November 12, the total financing and securities lending balance for Baolijia was 26.80 million yuan, with the financing balance accounting for 1.19% of the circulating market value, indicating a high level compared to the past year [1]. - The company had no securities lending activity on November 12, with a remaining quantity of 100 shares and a securities lending balance of 1,615 yuan, also reflecting a high level compared to the past year [1]. Business Performance - For the period from January to September 2025, Baolijia reported operating revenue of 1.38 billion yuan, a year-on-year decrease of 18.35%. However, the net profit attributable to shareholders increased by 110.21% to 7.08 million yuan [2]. - The company's main business revenue composition includes construction emulsions (54.83%), waterproof emulsions (18.05%), packaging emulsions (9.87%), additives and others (8.69%), and textile emulsions (8.57%) [1]. Shareholder and Institutional Holdings - As of September 30, 2025, Baolijia had 7,078 shareholders, a decrease of 6.75% from the previous period, with an average of 9,606 circulating shares per person, an increase of 7.23% [2]. - New institutional shareholders include Huaxia Zhisheng Pioneer Stock (LOF) A, holding 669,400 shares, and CITIC Prudential Multi-Strategy Mixed (LOF) A, holding 618,600 shares, both entering the top ten circulating shareholders [3].

Core Insights - The company reported a revenue of 1.382 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 18.35% [1] - The net profit attributable to shareholders was 7.0846 million yuan, showing a significant year-on-year increase of 110.21% [1] - The net loss attributable to shareholders, after excluding non-recurring gains and losses, was 4.3252 million yuan [1] - The basic earnings per share were 0.0509 yuan [1]

Core Insights - The company reported a total operating revenue of 1,381,520,261.64 yuan for the first three quarters of 2025, representing a year-on-year decline of 18.35% [2] - The net profit attributable to shareholders of the listed company was 7,084,572.04 yuan, showing a significant year-on-year increase of 110.21% [2] Financial Performance - Operating revenue for the first three quarters of 2025: 1,381,520,261.64 yuan, down 18.35% year-on-year [2] - Net profit attributable to shareholders: 7,084,572.04 yuan, up 110.21% year-on-year [2]

Financial Performance - Revenue for Q3 2025 was CNY 455,214,092.89, a decrease of 20.53% year-over-year[7] - Net profit attributable to shareholders was CNY -1,501,863.54, a decline of 96.71% compared to the same period last year[7] - The weighted average return on equity was -0.24% for Q3 2025, a decrease of 5.90% year-over-year[7] - The net profit attributable to shareholders reached ¥7,084,572.04, a significant increase of 110.21% compared to the previous period, primarily due to improved cost control and the sale of a subsidiary[18] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥4,325,196.85, reflecting a 93.80% improvement, mainly driven by enhanced cost management[18] - Operating profit reached 4,344,968.81, compared to a loss of 60,883,687.04 in the prior period, indicating a substantial improvement[32] - The company reported a net profit of 7,211,281.19, a significant recovery from a net loss of 68,987,822.01 in the previous period, marking a turnaround of approximately 110.5%[32] - The total comprehensive income for the period was 7,486,948.86, compared to a loss of 68,335,764.04 in the prior period, showcasing a significant recovery[33] - Basic and diluted earnings per share were both ¥0.0509, representing a 110.25% increase influenced by the change in net profit[18] - Basic and diluted earnings per share improved to 0.0509 from a loss of 0.4964, reflecting a positive shift in profitability[33] Cash Flow and Liquidity - Net cash flow from operating activities for the year-to-date was CNY 112,119,618.78, an increase of 162.26%[7] - The net cash flow from operating activities was ¥112,119,618.78, marking a 162.26% increase, largely due to better collection of accounts receivable[18] - The company generated a net cash flow from operating activities of 112,119,618.78, a recovery from a negative cash flow of 180,071,797.94 in the previous period[36] - The company’s cash and cash equivalents at the end of the period stood at 52,772,478.33, down from 89,640,600.21, indicating a decrease in liquidity[36] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 2,435,338,610.23, down 2.66% from the end of the previous year[7] - Total current assets decreased from ¥1,425,004,082.63 to ¥1,334,431,802.65, a decline of approximately 6.4%[28] - Total liabilities decreased from ¥1,866,004,459.31 to ¥1,800,816,209.12, reflecting a reduction of about 3.5%[29] - Total assets decreased from ¥2,501,761,483.54 to ¥2,435,338,610.23, a decline of approximately 2.7%[29] Investment and Expenses - Research and development expenses for the year-to-date were CNY 19,709,646.78, a decrease of 47.12% compared to the same period last year[16] - Research and development expenses decreased to 19,709,646.78 from 37,272,375.03, a reduction of approximately 47.2%, indicating a shift in investment strategy[32] - Investment income increased significantly to CNY 8,620,989.10, a rise of 1,939.40% year-over-year[16] - The company incurred financial expenses of 31,386,952.57, slightly up from 29,843,815.38, primarily due to increased interest expenses[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,078, with no preferred shareholders having restored voting rights[20] - The largest shareholder, Yang Wenyu, holds 52.09% of the shares, amounting to 72,424,660 shares[20] - The top ten shareholders collectively hold significant stakes, with the first three shareholders accounting for over 68% of the total shares[20] - The company repurchased 2,240,985 shares, representing 1.61% of the total share capital, positioning it as the fifth largest shareholder[21] - The company has a total of 89,131,658 restricted shares, with 72,424,660 shares released during the reporting period[23] Future Plans - The company plans to continue focusing on cost control and improving cash flow management to enhance profitability in the future[18] - The company plans to invest up to ¥150 million in establishing wholly-owned subsidiaries in Vietnam, the Middle East, Indonesia, Kazakhstan, and Thailand for the construction of water-based acrylic emulsion production bases[24] Project Updates - The company terminated the Henan Puyang project, with the land use rights being returned to the local government[25] - The registered capital of Hong Kong Baolijia Supply Chain Co., Ltd. was increased from HKD 10,000 to HKD 1 million[24] - The company has completed the registration of "Baolijia Group International Limited" in Kazakhstan with a registered capital of 100,000 KZT[24] - In Indonesia, the company registered "PT BAOLIJIA NEW MATERIAL INDONESIA" with a registered capital of 10 billion IDR, focusing on industrial coatings and printing inks[24]

Core Viewpoint - The stock of Baolijia experienced a decline of 2.14% on October 29, 2023, with a current price of 15.11 CNY per share, reflecting a market capitalization of 2.101 billion CNY. Despite this, the stock has seen a year-to-date increase of 46.56% [1]. Company Overview - Baolijia Chemical Co., Ltd. is located in Minhang District, Shanghai, and was established on August 24, 2001. The company was listed on July 30, 2021, and primarily engages in the research, production, and sales of water-based acrylic emulsions [1]. - The revenue composition of Baolijia includes: construction emulsions (54.83%), waterproof emulsions (18.05%), packaging emulsions (9.87%), additives and others (8.69%), and textile emulsions (8.57%) [1]. Stock Performance - As of October 29, 2023, Baolijia's stock has shown a slight increase of 0.07% over the last five trading days, a 7.77% increase over the last 20 days, and a 7.47% increase over the last 60 days [1]. - The number of shareholders as of June 30, 2023, was 7,590, an increase of 54.99% from the previous period, while the average circulating shares per person decreased by 35.47% to 8,958 shares [1]. Financial Performance - For the period from January to June 2025, Baolijia reported a revenue of 926 million CNY, a year-on-year decrease of 17.23%. However, the net profit attributable to shareholders increased by 136.26% to 8.5864 million CNY [1]. - Since its A-share listing, Baolijia has distributed a total of 5.4705 million CNY in dividends, with no dividends paid in the last three years [2]. Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders, the Noan Multi-Strategy Mixed A fund (320016) is the fifth largest shareholder, holding 828,100 shares as a new investor [2].

Core Viewpoint - The company Baolijia experienced a decline in stock price by 3.16% on October 9, with a trading volume of 47.61 million yuan, indicating potential market volatility and investor sentiment concerns [1]. Financing Summary - On October 9, Baolijia had a financing buy-in amount of 3.85 million yuan, with a net financing purchase of 2.13 million yuan after repayments [1]. - The total financing and securities balance reached 34.07 million yuan, accounting for 1.70% of the circulating market value, which is above the 90th percentile of the past year, indicating a high level of financing activity [1]. - The company had no short-selling activity on October 9, with a short-selling balance of 1,439 yuan, also above the 80th percentile of the past year [1]. Business Performance - As of June 30, Baolijia reported a total revenue of 926 million yuan for the first half of 2025, reflecting a year-on-year decrease of 17.23% [2]. - The net profit attributable to shareholders was 8.59 million yuan, showing a significant year-on-year increase of 136.26% [2]. - The company’s main business revenue composition includes construction emulsions (54.83%), waterproof emulsions (18.05%), packaging emulsions (9.87%), additives and others (8.69%), and textile emulsions (8.57%) [1]. Shareholder Information - As of June 30, 2025, the number of Baolijia shareholders increased to 7,590, a rise of 54.99% from the previous period [2]. - The average circulating shares per person decreased by 35.47% to 8,958 shares [2]. - The company has distributed a total of 5.47 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3].

Core Insights - The company reported a revenue of 926 million yuan for the first half of 2025, a decrease of 17.23% year-on-year [1] - The net profit attributable to shareholders was 8.5864 million yuan, marking a year-on-year increase of 136.26%, indicating a turnaround from losses [1] - The company aims to enhance its core competencies in technology research and development, production capacity, quality service, and market channels to expand its overseas market presence [1] Company Overview - The company, Baolijia, specializes in the research, production, and sales of water-based acrylic emulsions and is a leading domestic producer in this sector [1] - The strategic goal is to become a globally leading supplier of acrylic emulsions [1]

Core Viewpoint - The company reported a decrease in revenue for the first half of 2025 but achieved a significant increase in net profit, indicating a turnaround in financial performance [1] Financial Performance - The company achieved an operating revenue of 926 million yuan in the first half of 2025, a year-on-year decrease of 17.23% [1] - The net profit attributable to shareholders was 8.5864 million yuan, reflecting a year-on-year increase of 136.26%, marking a return to profitability [1] Business Strategy - The company plans to continue focusing on its core business and leverage its strengths in technology research and development, production capacity, quality service, and market channels [1] - There is an intention to increase efforts in expanding overseas markets, aiming to become a global leader in the supply of acrylic emulsions [1] Industry Position - The company is recognized as a major player in the research, production, and sales of water-based acrylic emulsions in China [1]