Revenue and Profit - Revenue for Q3 2025 reached ¥1,622,590,395.29, an increase of 4.59% year-over-year[4] - Net profit attributable to shareholders decreased by 47.47% to ¥24,283,163.14 in Q3 2025[4] - The net profit after deducting non-recurring gains and losses was ¥21,967,927.81, down 45.12% compared to the same period last year[4] - Total operating revenue for the current period reached ¥4,455,087,247.44, an increase of 2.93% compared to ¥4,328,386,965.30 in the previous period[20] - Net profit for the current period was ¥100,384,574.80, a decrease of 26.54% from ¥136,760,861.65 in the previous period[21] - Earnings per share (EPS) for the current period was ¥0.2335, down from ¥0.3180 in the previous period, indicating a decline of 26.6%[21] Assets and Liabilities - Total assets increased by 10.68% to ¥3,577,390,675.87 compared to the end of the previous year[4] - Total liabilities decreased to ¥1,216,830,014.80 from ¥1,313,373,335.74, representing a reduction of approximately 7.37%[19] - Total equity increased to ¥2,360,560,661.07 from ¥1,918,903,208.54, showing a growth of 23.03%[19] - The company has a significant portion of its assets in fixed assets, totaling ¥1,087,441,272.56, which is an increase from ¥997,298,320.28[18] Cash Flow - Cash flow from operating activities for the year-to-date was ¥34,028,256.09, down 46.52% compared to the previous year[10] - Cash inflow from operating activities totaled $4,799,163,306.77, a decrease of 3.5% from $4,971,981,787.06[24] - Cash outflow from operating activities was $4,765,135,050.68, down from $4,908,358,683.19, resulting in a net cash flow of $34,028,256.09[24] - Cash inflow from investment activities increased to $1,880,117,820.24 from $1,687,485,527.54, marking an increase of 11.5%[24] - Net cash flow from investment activities improved to $93,181,802.31 compared to a negative $500,930,628.80 in the previous period[24] - Cash inflow from financing activities was $676,116,000.00, up from $553,165,801.68, reflecting a growth of 22.3%[25] - Net cash flow from financing activities decreased to $39,686,515.21 from $354,918,660.37[25] - The ending cash and cash equivalents balance increased to $780,914,540.22 from $360,105,278.51, showing a significant rise[25] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 18,879[12] - The largest shareholder, Han Zhigang, holds 33.99% of shares, totaling 146,150,564 shares[12] - The total number of restricted shares held by major shareholders decreased significantly, with Han Zhigang's restricted shares reducing to 109,612,923 from 145,311,964[15] - The company is actively managing its shareholder relationships, with family members holding significant stakes and agreements in place for coordinated actions[13] Expenses - The company reported a significant increase in management expenses by 37.75% to ¥38,406,787.94, mainly due to higher depreciation and salary costs[10] - The company reported a significant increase in research and development expenses, which rose to ¥14,845,887.96 from ¥12,838,814.77, marking an increase of 15.6%[20] Accounts Receivable and Inventory - Accounts receivable increased by 112.48% to ¥163,169,010.43, primarily due to an increase in sales receivables[9] - Inventory increased to ¥415,993,675.90 from ¥357,291,024.63, representing a growth of approximately 16.4%[18] Government Subsidies - The company received government subsidies related to the expansion and energy-saving upgrade of its production facilities[9]

Core Viewpoint - Longhua New Materials announced that its wholly-owned subsidiary, Shandong Longhua High Polymer Materials Co., Ltd., plans to introduce 42 investors through a capital increase, raising a total of 376 million yuan with a new registered capital of 313 million yuan [1] Group 1: Capital Increase Details - The capital increase will not change the company's controlling stake in Longhua High Materials, which will remain at 65.69% [1] - The capital increase is aimed at supporting the construction of the Nylon 66 project and enhancing employee motivation and creativity [1] Group 2: Strategic Implications - The move is intended to diversify investment risks and share opportunities and risks with investors [1] - The capital increase and related transactions do not harm the interests of the company or its shareholders, particularly minority shareholders [1]

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。 登录新浪财经APP 搜索【信披】查看更多考评等级 住所：山东省淄博市高青县高城镇支脉河路289号（化工产业园院内） 山东隆华新材料股份有限公司（以下简称"公司"）根据公司子公司山东隆华高分子材料有限公司（以下 简称"隆华高材"）业务发展需要，于2025年9月22日召开第四届董事会第五次会议及2025年10月9日召开 2025年第三次临时股东会，审议通过了《关于全资子公司增资扩股引进投资者、放弃优先认购权暨关联 交易的议案》。本次增资完成后，隆华高材的注册资本由人民币6亿元增加至人民币9.1343亿元。具体 内容详见公司于2025年9月23日在巨潮资讯网（http://www.cninfo.com.cn）披露的《关于全资子公司增资 扩股引进投资者、放弃优先认购权暨关联交易的公告》（公告编号：2025-048）。 隆华高材已于2025年10月14日完成相关工商变更登记，并已取得淄博市高青县市场监督管理局核发的新 《营业执照》，具体情况如下： 一、《营业执照》的基本 ...

（编辑 任世碧） 证券日报网讯 10月14日晚间，隆华新材发布公告称，公司根据公司子公司山东隆华高分子材料有限公 司（简称"隆华高材"）业务发展需要，于2025年9月22日召开第四届董事会第五次会议及2025年10月9日 召开2025年第三次临时股东会，审议通过了《关于全资子公司增资扩股引进投资者、放弃优先认购权暨 关联交易的议案》。本次增资完成后，隆华高材的注册资本由人民币6亿元增加至人民币9.1343亿元。 隆华高材已于2025年10月14日完成相关工商变更登记，并已取得淄博市高青县市场监督管理局核发的新 《营业执照》。 ...

证券代码：301149 证券简称：隆华新材 公告编号：2025-052 山东隆华新材料股份有限公司 一、《营业执照》的基本信息 名称：山东隆华高分子材料有限公司 统一社会信用代码：91370322MA7L4G629L 类型：有限责任公司 法定代表人：张萍 注册资本：玖亿壹仟叁佰肆拾叁万元整 成立日期：2022 年 3 月 22 日 住所：山东省淄博市高青县高城镇支脉河路 289 号（化工产业园院内） 经营范围：一般项目：化工产品销售（不含许可类化工产品）；化工产品生 产（不含许可类化工产品）；合成纤维制造；合成纤维销售；专用化学产品制造 （不含危险化学品）；专用化学产品销售（不含危险化学品）；新材料技术研发； 技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；货物进出口； 技术进出口；进出口代理；非居住房地产租赁；租赁服务（不含许可类租赁服务）； 普通货物仓储服务（不含危险化学品等需许可审批的项目）。（除依法须经批准 的项目外，凭营业执照依法自主开展经营活动） 二、本次增资对公司的影响 本次增资是基于隆华高材和尼龙66项目建设的实际需要，为项目加速落地提 供强有力的支撑；提高核心骨干员工的工作积极性 ...

Core Viewpoint - Major chemical companies, including Dow, INEOS, and others, are shutting down production facilities in Europe due to high costs, stringent regulations, and competition from imports, indicating a significant restructuring in the chemical industry [2][3][6][7][8]. Group 1: Dow Chemical - Dow plans to close its polyether polyol plant in Tertre, Belgium, with an annual capacity of 94,000 tons by the end of Q1 2026 as part of a strategic restructuring in Europe [3]. - The closure is attributed to high costs, strict regulations in Europe, and competitive pressure from imports, particularly from Asia [3]. - Dow's other planned closures include an ethylene cracker in Germany and a chlor-alkali facility, with further reductions in production capacity expected [3]. Group 2: Market Conditions - The European polyether polyol market is currently weak, with key end-use sectors like automotive and construction showing low demand, leading to overcapacity and increased imports [4]. - From 2020 to 2024, the average annual import volume of polyether is projected to be 286,000 tons, with a record high of 323,000 tons last year [4]. - In China, the domestic polyether industry is expected to see increased concentration among leading companies, with total production around 5.55 million tons and consumption at approximately 4.08 million tons in 2024 [4]. Group 3: INEOS - INEOS confirmed the closure of two production plants in Rheinberg, Germany, resulting in the loss of 175 jobs, due to high energy and carbon emission costs [6]. - The plants produce essential chemicals, including key components for epoxy resins, which are critical for defense, aerospace, and renewable energy infrastructure [6]. - INEOS also plans to cut 20% of the workforce at its acetyl plant in Hull, UK, citing competition from low-cost imports [6]. Group 4: Arlanxeo - Arlanxeo announced the closure of its synthetic rubber production facility in France, with an annual capacity of 140,000 tons, due to rising costs and market imbalances [7]. - The facility produces Nd-PBR and solution polymerized styrene-butadiene rubber, facing continuous losses without viable paths to profitability [7]. Group 5: Solvay - Solvay plans to permanently close its MMA and acetone cyanohydrin production operations in Italy, transitioning to purchasing MMA from third-party suppliers [8]. - This strategic shift is part of a broader plan to streamline operations and focus on chemical recycling initiatives [8]. Group 6: Future Outlook - The domestic polyether industry in China is expected to continue expanding, with a projected increase of over 4 million tons per year in new capacity from 2025 to 2029 [5]. - Leading companies in the sector are focusing on high-value products, indicating a shift towards more specialized and profitable offerings [5].

证券代码：301149 证券简称：隆华新材 公告编号：2025-051 山东隆华新材料股份有限公司 2025 年第三次临时股东会决议公告 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 1、 本次股东会不存在变更、否决议案的情形； 2、 本次股东会不涉及变更前次股东会决议。 一、 会议召开和出席情况 （一） 会议召开时间： 1、现场会议召开时间：2025 年 10 月 9 日（星期四）上午 11:00 2、网络投票时间：2025 年 10 月 9 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 10 月 9 日上午 9:15-9:25，9:30-11:30，下午 13:00-15:00； （2）通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年 10 月 9 日上午 9:15 至下午 15:00 期间的任意时间。 （二）召开地点：公司会议室 网络投票：公司通过深圳证券交易所交易系统和互联网投票系统向股东提供 网络形式的投票平台。 （四）召集人：董事 ...

法律意见书 山 东 文 康 律 师 事 务 所 山东省青岛市市南区香港中路 61 号甲远洋大厦 B 座 27 层 山东隆华新材料股份有限公司 文康·法律意见书 山东文康律师事务所 关于山东隆华新材料股份有限公司 2025 年第三次临时股东会的 邮政编码：266071 E-MAIL：WINCON@WINCON.CN 山东文康律师事务所 关于山东隆华新材料股份有限公司 2025 年第三次临时股东会的 法律意见书 致山东隆华新材料股份有限公司： 山东文康律师事务所（以下简称"本所"）接受山东隆华新材料股份有限公 司（以下简称"公司"）的委托，指派张鼎新律师、刘会晴律师出席了公司于 2025 年 10 月 9 日召开的 2025 年第三次临时股东会（以下简称"本次股东会"）。 现根据《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民 共和国证券法》（以下简称"《证券法》"）和《上市公司股东会规则》（以下 简称"《股东会规则》"）、《深圳证券交易所上市公司股东会网络投票实施细 则》（以下简称"《网络投票实施细则》"）、《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、行政法规 ...

Core Viewpoint - Longhua New Materials (301149) has a diverse range of polyamide products, including PA66 and specialty nylon, which are utilized in various industries such as toothbrush bristles, drone blades, food and beverage packaging, high-end electronics, high-speed rail, automotive parts, and machinery [1] Product Applications - The company's polyamide series products are widely applied in multiple sectors, indicating a broad market reach [1] - Specific usage scenarios for the products are determined by downstream customers based on their individual needs, highlighting the importance of customer requirements in the manufacturing process [1]

Core Viewpoint - Longhua New Materials (301149) acknowledges that stock price fluctuations are influenced by various factors including macroeconomic conditions, market environment, industry development, and investor preferences [1] Group 1 - The company emphasizes its commitment to maintaining its core business operations and continuously strengthening its core competitiveness [1] - Longhua New Materials aims to actively create value for its investors [1]