公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及 相关信息真实完整，提高经营效率和效果，促进实现发展战略。由于内部控制存 在的固有局限性，故仅能为实现上述目标提供合理保证。此外，由于情况的变化 可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内部 控制评价结果推测未来内部控制的有效性具有一定的风险。 二、 内部控制评价结论 根据公司财务报告内部控制重大缺陷的认定情况，于内部控制评价报告基准 日，不存在财务报告内部控制重大缺陷，董事会认为，公司已按照企业内部控制 规范体系和相关规定的要求在所有重大方面保持了有效的财务报告内部控制。 根据公司非财务报告内部控制重大缺陷认定情况，于内部控制评价报告基准 日，公司未发现非财务报告内部控制重大缺陷。 自内部控制评价报告基准日至内部控制评价报告发出日之间未发生影响内 部控制有效性评价结论的因素。 山东隆华新材料股份有限公司 2024 年度内部控制自我评价报告 山东隆华新材料股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要 求（以下简称企业内部控制规范体系），结合本公司（以下简称公司）内部控制 制 ...

证券代码：301149 证券简称：隆华新材 公告编号：2025-017 山东隆华新材料股份有限公司 关于续聘 2025 年度审计机构的公告 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，并对其内容的真实性、准确性和完整性承担个别及连 带责任。 特别提示： 本次续聘会计师事务所符合财政部、国务院国资委、证监会印发的《国有 企业、上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号）的规定。公 司董事会、审计委员会对本次拟续聘会计师事务所事项不存在异议，该事项尚 需提交公司股东大会审议。 一、拟聘任会计师事务所的基本情况 1、基本信息 容诚会计师事务所（特殊普通合伙）（以下简称"容诚"或"容诚会计师事 务所"）由原华普天健会计师事务所（特殊普通合伙）更名而来，初始成立于 1988 年 8 月，2013 年 12 月 10 日改制为特殊普通合伙企业，是国内最早获准从 事证券服务业务的会计师事务所之一，长期从事证券服务业务。注册地址为北京 市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 1001-26，首席合伙人刘维。 2、人员信息 截至 2 ...

本次会计政策变更前，公司执行财政部发布的《企业会计准则——基本准则》 和各项具体会计准则、企业会计准则应用指南、企业会计准则解释公告以及其他 规定。 证券代码：301149 证券简称：隆华新材 公告编号：2025-022 山东隆华新材料股份有限公司 关于会计政策变更的公告 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，并对其内容的真实性、准确性和完整性承担个别及连 带责任。 山东隆华新材料股份有限公司（以下简称"公司"）于 2025 年 4 月 17 日召 开第四届董事会第三次会议、第四届监事会第三次会议，审议通过《关于会计政 策变更的议案》。公司本次会计政策变更属于根据法律、行政法规或者国家统一 会计制度要求做出的变更，相关企业会计解释的施行对公司财务报表无重大影响。 现将具体情况公告如下： 一、会计政策变更情况概述 （一）变更原因及日期 2024 年 12 月，财政部发布了《关于印发<企业会计准则解释第 18 号>的通 知》（财会〔2024〕24 号）（以下简称《准则解释第 18 号》），规定对不属于 单项履约义务的保证类质量保证产生的预计负债，应当按确定 ...

证券代码：301149 证券简称：隆华新材 公告编号：2025-024 山东隆华新材料股份有限公司 关于召开 2024 年年度股东大会的通知公告 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，并对其内容的真实性、准确性和完整性承担个别及连 带责任。 山东隆华新材料股份有限公司（以下简称"公司"）根据《公司法》、《深圳 证券交易所创业板股票上市规则》和《公司章程》的规定，基于公司第四届董事会 第三次会议和第四届监事会第三次会议审议事项，决定于 2025 年 5 月 15 日（星期 四）召开公司 2024 年年度股东大会，对董事会、监事会审议的需要提交公司股东大 会的议案进行审议，有关具体事项如下： 一、召开会议的基本情况 1、股东大会届次：2024 年年度股东大会。 4、会议召开时间和日期： 现场会议召开时间：2025 年 5 月 15 日（周四）上午 10:00 网络投票时间：2025 年 5 月 15 日。其中： （1）通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 5 月 15 日（周四）上午 9:15-9:25，9:30-11:30，下 ...

证券代码：301149 证券简称：隆华新材 公告编号：2025-012 山东隆华新材料股份有限公司 关于第四届监事会第三次会议决议的公告 本公司及监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，并对其内容的真实性、准确性和完整性承担个别及连 带责任。 一、监事会会议召开情况 山东隆华新材料股份有限公司（以下简称"公司"）第四届监事会第三次会 议通知于 2025 年 4 月 7 日以电子邮件等方式向各位监事发出，会议于 2025 年 4 月17日以现场会议的形式在公司会议室召开。本次会议应出席会议的监事3人， 实际出席会议的监事 3 人。本次会议由监事会主席薛荣刚先生主持。本次会议的 召集、召开及表决程序符合《公司法》及《公司章程》的有关规定。 二、监事会会议审议情况 1、审议通过《2024 年度监事会工作报告》。 具体内容详见公司 2025 年 4 月 19 日在巨潮资讯网（http://www.cninfo.com.cn） 刊载的《2024 年度监事会工作报告》。 议案表决情况：同意 3 票，反对 0 票，弃权 0 票，审议通过，本议案尚需提 交股东大会审议。 2、审 ...

证券代码：301149 证券简称：隆华新材 公告编号：2025-011 山东隆华新材料股份有限公司 关于第四届董事会第三次决议的公告 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，并对其内容的真实性、准确性和完整性承担个别及连 带责任。 一、董事会会议召开情况 山东隆华新材料股份有限公司（以下简称"公司"）第四届董事会第三次会 议通知于 2025 年 4 月 7 日以电子邮件等方式向各位董事发出，会议于 2025 年 4 月17日以现场会议的形式在公司会议室召开。本次会议应出席会议的董事6人， 实际出席会议的董事 6 人，公司监事及其他高级管理人员列席本次会议。本次会 议由董事长韩志刚先生主持。本次会议的召集、召开及表决程序符合《公司法》 及《公司章程》的有关规定。 二、董事会会议审议情况 1、审议通过《2024 年度总经理工作报告》。 交股东大会审议。 3、审议通过《2024 年度财务决算报告》。 公司总经理向公司董事会汇报 2024 年度工作情况，包括 2024 年度经营情况 和 2025 年经营思路。 议案表决情况：同意 6 票，反对 0 票，弃权 0 ...

证券代码：301149 证券简称：隆华新材 公告编号：2025-013 山东隆华新材料股份有限公司 关于2024年度利润分配预案及2025年中期分红规划的公告 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，并对其内容的真实性、准确性和完整性承担个别及连 带责任。 山东隆华新材料股份有限公司（以下简称"公司"）于 2025 年 4 月 17 日召 开第四届董事会第三次会议和第四届监事会第三次会议，审议通过《关于公司 2024 年度利润分配预案及 2025 年中期分红规划的议案》，该议案尚需提交公司 2024 年度股东大会审议。现将具体情况公告如下： 一、 利润分配预案基本情况 经容诚会计师事务所（特殊普通合伙）出具的 2024 年度审计报告，2024 年 度公司实现归属于上市公司股东的净利润为 171,380,097.63 元，母公司实现净 利润 177,505,942.49 元。根据《中华人民共和国公司法》及《山东隆华新材料 股份有限公司公司章程》（以下简称"《公司章程》"）相关规定，以母公司净 利润为基数，公司提取 10%的法定盈余公积金 17,750,59 ...

Group 1 - The core viewpoint of the announcement is that Longhua New Materials (301149) reported a revenue of 1.509 billion yuan for the first quarter of 2025, reflecting a year-on-year growth of 11.52% [1] - The net profit for the same period was 57.1247 million yuan, showing a year-on-year increase of 19.52% [1]

Financial Performance - The company's operating revenue for 2024 reached ¥5,623,962,004.02, representing a 12.01% increase compared to ¥5,021,012,302.93 in 2023[23]. - Net profit attributable to shareholders decreased by 30.90% to ¥171,380,097.63 in 2024 from ¥248,029,477.25 in 2023[23]. - The net profit after deducting non-recurring gains and losses was ¥154,436,310.68, down 36.45% from ¥243,021,915.25 in the previous year[23]. - The net cash flow from operating activities significantly dropped by 66.72% to ¥78,773,997.24 in 2024, compared to ¥236,708,534.38 in 2023[23]. - The total assets increased by 22.19% to ¥3,232,276,544.28 at the end of 2024, up from ¥2,645,297,294.08 at the end of 2023[23]. - The company's basic earnings per share decreased by 31.03% to ¥0.40 in 2024, compared to ¥0.58 in 2023[23]. - The return on equity (ROE) declined to 9.06% in 2024 from 14.28% in 2023, a decrease of 5.22%[23]. - The company reported a total of ¥16,943,786.95 in non-recurring gains and losses for 2024, compared to ¥5,007,562.00 in 2023[29]. - The gross margin for polyether polyol products was 3.84%, reflecting a decrease of 3.55% year-on-year[71]. - The average selling price of polyether polyol products decreased from ¥8,602.63/ton in the first half to ¥8,205.74/ton in the second half of the year[72]. Dividend Distribution - The company plans to distribute a cash dividend of 0.80 RMB per 10 shares to all shareholders, based on a total share capital of 430,000,018 shares[6]. - The total cash dividend for 2024, including previously distributed dividends, amounts to 64,500,002.70 CNY, representing 37.64% of the net profit for the year[160]. - The company has established a three-year shareholder return plan (2024-2026) to ensure stable and sustainable dividend policies[156]. - The company has maintained a cash dividend payout ratio of 100% of the profit distribution total for the reporting period[158]. Risk Management - The company emphasizes the importance of risk awareness regarding safety production, talent loss, environmental protection, and project management risks[5]. - The company’s future development outlook includes potential risks and corresponding countermeasures, as detailed in the management discussion and analysis section[5]. - The company has a long-term safety production license valid until January 25, 2028, ensuring compliance with safety regulations[54]. - The company faces potential risks related to safety production, talent retention, environmental protection, and project management, and has outlined measures to mitigate these risks[118][119]. Research and Development - The company has a total of 46 authorized patents, including 9 invention patents, enhancing its product development capabilities[49]. - The company has developed a core technology for POP with high solid content (up to 50%), low viscosity, and ultra-low VOC levels, significantly enhancing product technical specifications[37]. - The company is focusing on the development of polyether amines, which are effective in reducing pollutant emissions from automotive engines[82]. - The number of R&D personnel increased to 66 in 2024, up 11.86% from 59 in 2023, with the proportion of R&D personnel rising to 13.15%[83]. - R&D investment amounted to ¥174,614,397.63 in 2024, representing 3.10% of operating revenue, a slight decrease from 3.28% in 2023[83]. Environmental Compliance - The company has obtained environmental protection acceptance for all projects and renewed its pollutant discharge permit valid until July 18, 2028[170]. - The company has implemented strict adherence to environmental protection policies, including the Air Pollution Prevention Law and Water Pollution Prevention Law[169]. - The company has a comprehensive environmental management system in place, including emergency response plans for environmental incidents, which have been approved by local regulatory authorities[176]. - The company reported no exceedance of pollutant discharge limits for COD and ammonia nitrogen, with total COD discharge at 1.447 tons and ammonia nitrogen at 0.036 tons against a permitted total of 31.15 tons and 2.08 tons respectively[171]. Corporate Governance - The company has implemented a strict internal control system to ensure compliance with relevant laws and regulations[124]. - The board of directors consists of 6 members, including 2 independent directors, complying with legal requirements[125]. - The company has a dedicated audit committee to oversee internal control and financial information[127]. - The company ensures timely and accurate information disclosure through designated channels, enhancing transparency for investors[126]. - The company has maintained independence from its controlling shareholders, with no related party transactions reported during the reporting period[124]. Market Expansion - The company is actively developing overseas markets, establishing significant customer bases in Southeast Asia, South Asia, and Eastern Europe[44]. - The company is focusing on the development of specialized polyether products, indicating a positive outlook for future growth[80]. - The company aims to maintain a competitive edge in the international market by enhancing its ability to independently develop high-quality polyether polyols[81]. - The company is expanding its market presence and product offerings through innovative research and development strategies[81]. Employee Management - The total number of employees at the end of the reporting period is 590, with 489 from the parent company and 101 from major subsidiaries[153]. - The company adheres to the Labor Contract Law and provides competitive salaries, along with various insurance and benefits for employees[154]. - Employee compensation is based on job importance and performance evaluation, ensuring a fair and motivating salary structure[154]. - The company has implemented a training program to enhance employee skills and competencies, focusing on safety training and professional qualifications[155]. Shareholder Relations - The company has conducted various investor relations activities to maintain good relationships with investors[126]. - The company plans to implement a shareholder return plan for the next three years (2024-2026) as approved by the board[143]. - The company has committed to protecting shareholder and creditor rights by ensuring transparent communication and compliance with legal regulations[179]. - The company has established a market value management system to enhance its market value management practices and protect investor rights[121].

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,509,309,537, representing an increase of 11.52% compared to ¥1,353,450,270 in the same period last year[4]. - Net profit attributable to shareholders for Q1 2025 was ¥57,124,666, up 19.52% from ¥47,793,752 in Q1 2024[4]. - Total operating revenue for the current period reached ¥1,509,309,537, an increase of 11.5% compared to ¥1,353,450,270 in the previous period[16]. - Net profit for the current period was ¥57,124,666.11, representing a 19.5% increase from ¥47,793,752.21 in the previous period[17]. - Earnings per share (EPS) for the current period was ¥0.13, compared to ¥0.11 in the previous period, indicating a 18.2% growth[18]. Cash Flow - The net cash flow from operating activities was -¥60,132,325, a decrease of 220.06% compared to ¥50,083,337 in the previous year[8]. - Cash flow from operating activities was ¥1,821,080,454.50, an increase from ¥1,511,005,495.94, showing a growth of 20.5%[20]. - Total cash inflow from operating activities increased to $1.87 billion, up from $1.55 billion[21]. - Cash outflow from investing activities rose significantly to $1.01 billion, compared to $555.43 million in the previous period[21]. - Net cash flow from investing activities was -$498.95 million, worsening from -$157.20 million year-over-year[21]. - Cash inflow from financing activities decreased to $300 million from $441.26 million[21]. - Net cash flow from financing activities was $245.40 million, down from $321.50 million[21]. - The ending cash and cash equivalents balance decreased to $299.41 million from $653.22 million[21]. Assets and Liabilities - Total assets at the end of Q1 2025 reached ¥3,583,285,582, reflecting a growth of 10.86% from ¥3,232,276,544 at the end of the previous year[4]. - Total liabilities increased to ¥1,607,448,048.66 from ¥1,313,373,335.74, marking a rise of 22.4%[15]. - The company's total current assets amount to ¥1,977,453,729.07, an increase from ¥1,681,064,601.49 at the beginning of the period, representing a growth of approximately 17.6%[13][14]. - Total assets reached ¥3,583,285,582.23, up from ¥3,232,276,544.28, indicating an increase of about 10.8%[14]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,628[10]. - The largest shareholder, Han Zhigang, holds 33.99% of shares, totaling 146,150,564 shares[10]. - The total number of shares held by the top ten shareholders includes significant stakes from family members, indicating a concentrated ownership structure[11]. - The company reported a total of 960,200 shares held by shareholder Xu Ying, with 130,000 shares held through a regular account and 830,200 shares through a margin account[11]. - The company has not reported any changes in the status of restricted shares or preferred shareholders during this period[12]. Research and Development - The company's R&D expenses increased by 38.62% to ¥5,443,231 in Q1 2025, compared to ¥3,926,623 in Q1 2024, indicating a focus on innovation[7]. - Research and development expenses increased to ¥5,443,231.22 from ¥3,926,623.55, a rise of 38.7%[17]. Other Financial Metrics - The weighted average return on equity for Q1 2025 was 2.93%, an increase of 0.37% from 2.56% in the previous year[4]. - The company reported a significant increase in inventory, which rose by 54.76% to ¥552,928,046.81, attributed to growth in production and sales[7]. - The company recorded a 891.23% increase in other income, reaching ¥12,481,456.38 in Q1 2025, compared to ¥1,259,182.83 in Q1 2024, driven by increased input tax deductions[7]. - Total operating costs amounted to ¥1,459,157,230.80, up from ¥1,301,443,400.66, reflecting a growth of 12.1%[16]. - The company reported a financial expense of ¥894,676.33, compared to a financial income of -¥174,089.65 in the previous period[17]. - The company received tax refunds amounting to ¥30,556,106.28, compared to ¥24,829,910.95 in the previous period, indicating a growth of 22.0%[20].