Core Viewpoint - The company, Shandong Longhua New Materials Co., Ltd., has disclosed its third-quarter financial report for 2025, ensuring the accuracy and completeness of the information provided [1][2][12]. Financial Data - The net profit attributable to shareholders for the first three quarters of 2025 is CNY 100,384,574.80, while the parent company achieved a net profit of CNY 137,053,782.80 [12][13]. - The undistributed profits as of September 30, 2025, are CNY 814,494,575.58 for the consolidated report and CNY 861,280,985.72 for the parent company [13]. - The proposed cash dividend is CNY 0.70 per 10 shares, amounting to a total distribution of CNY 30,100,001.26 [13][14]. Board Meeting - The fourth board meeting of the company was held on October 26, 2025, with all six directors present, complying with legal and regulatory requirements [8][9]. - The board approved the third-quarter report and the profit distribution plan, with unanimous support from all directors [10][11]. Asset Impairment - The company has recognized an asset impairment provision totaling CNY 19,512,313.93, which includes provisions for bad debts and inventory write-downs [17][18]. - The impairment provision is based on expected credit losses and the lower of cost or net realizable value for inventory [18].

Core Insights - Longhua New Materials (301149.SZ) reported a revenue of 4.455 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 2.93% [1] - The net profit attributable to shareholders of the listed company was 100 million yuan, showing a year-on-year decrease of 26.60% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 88.8744 million yuan, down 27.94% year-on-year [1] - The basic earnings per share stood at 0.2335 yuan [1]

Group 1 - The core point of the article is that Longhua New Materials (SZ 301149) announced the results of its fourth board meeting, which included discussions on the profit distribution plan for the first three quarters of 2025 [1] - For the year 2024, the revenue composition of Longhua New Materials is reported to be 98.02% from polyether polyols and 1.98% from other businesses [1] - As of the report date, the market capitalization of Longhua New Materials is 4.7 billion yuan [1]

证券代码：301149 证券简称：隆华新材 公告编号：2025-056 山东隆华新材料股份有限公司（以下简称"公司"或"隆华新材"）根据《企 业会计准则》《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》等有关规定，为真实、准确、客观地反映公司的财务状况、资产价 值及经营成果，基于谨慎性原则对合并报表范围内截至 2025 年 9 月 30 日各类资 产进行了全面检查和减值测试，并对可能发生减值损失的有关资产计提相应的减 值准备。 根据《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》等相关规定，本次计提资产减值准备无需提交董事会、股东大会审议。 现将相关情况公告如下： 一、本次计提资产减值准备情况概述 截至 2025 年 9 月 30 日，公司对合并报表范围内存在可能发生减值迹象的资 产进行全面清查和资产减值测试后，计提资产减值准备金额共计人民币 19,512,313.93 元，明细如下： 单位：人民币元 | 类别 | 项目 | 计提金额 | | | --- | --- | --- | --- | | 信用减值损失 | 应收账款 | | 4,546,232. ...

关于第四届董事会第六次会议决议的公告 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 证券代码：301149 证券简称：隆华新材 公告编号：2025-053 山东隆华新材料股份有限公司 二、董事会会议审议情况 （一）审议通过了《2025 年第三季度报告》。 表决结果：同意 6 票，反对 0 票，弃权 0 票，审议通过。 三、备查文件 1、山东隆华新材料股份有限公司第四届董事会审计委员会 2025 年第三次会议决 议； 山东隆华新材料股份有限公司（以下简称"公司"）第四届董事会第六次会议于 2025 年 10 月 26 日以现场会议的形式在公司会议室召开，会议通知于 2025 年 10 月 23 日以书面、电子邮件、电话等方式发出。本次会议由董事长韩志刚先生主持，会议 应参会董事 6 名，实际参会董事 6 名。会议的召集、召开程序符合《公司法》等相关 法律法规及《公司章程》的规定。 2、山东隆华新材料股份有限公司第四届董事会第六次会议决议。 该议案在提交董事会审议之前已经董事会审计委 ...

证券代码：301149 证券简称：隆华新材 公告编号：2025-055 山东隆华新材料股份有限公司 关于 2025 年前三季度利润分配预案的公告 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"或"隆华新材"）于 2025 年 10 月 26 日召开了第四届董事会第六次会议，审议通过了《关于 2025 年前三 季度利润分配预案的议案》，现将公司 2025 年前三季度利润分配预案具体情况 公告如下： 一、 利润分配预案基本情况 公司本次利润分配金额占当期合并报表归属于上市公司股东净利润的 29.98%，现金分红金额占本次利润分配总额的 100%，符合《公司法》、《上市 公司监管指引第 3 号——上市公司现金分红》等相关法律法规、规范性文件及《公 司章程》、《公司未来三年股东回报规划（2025－2027 年）》规定的利润分配 政策，现金分红方案保证公司正常经营和长远发展的前提下充分考虑了广大投资 者的合理利益，有利于全体股东共享公司成长的经营成果，实施上述利润分配方 ...

Group 1 - The company's Q3 revenue reached 1.623 billion, representing a year-on-year increase of 4.59% [1] - The net profit for Q3 was 24.2832 million, showing a decline of 47.47% compared to the previous year [1] - For the first three quarters, the company's revenue totaled 4.455 billion, with a year-on-year growth of 2.93% [1] Group 2 - The net profit for the first three quarters was 100 million, reflecting a year-on-year decrease of 26.60% [1]

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 ...