证券代码：301190 证券简称：善水科技 公告编号：2025-042 九江善水科技股份有限公司 关于召开 2025 年第二次临时股东会的通知 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。 一、 召开会议的基本情况 1、会议届次：2025 年第二次临时股东会 2、会议召集人：董事会 3、会议召开的合法、合规性：本次股东会会议的召开符合有关法律、行政 法规、部门规章、规范性文件和《公司章程》的有关规定。公司第三届董事会第 十六次会议已经审议通过关于召开本次股东会的议案。 4、会议召开的日期、时间： 6、会议的股权登记日：2025 年 9 月 22 日（星期一） 7、出席对象 （1）在股权登记日持有公司已发行有表决权股份的普通股股东或其代理人； 于股权登记日下午收市时在中国证券登记结算有限责任公司深圳分公司登记在 册的公司全体已发行有表决权股份的股东均有权出席股东会，并可以以书面形式 委托代理人出席会议和参加表决，该股东代理人不必是本公司股东。 （1）现场会议：2025 年 9 月 29 日（星期一）15:00 （2）网络投票： 通过深圳证券交易所交易系统进行网 ...

九江善水科技股份有限公司 第三届董事会薪酬与考核委员会关于公司 2025 年限制性股 票激励计划相关事项的核查意见 九江善水科技股份有限公司（以下简称"公司"）第三届董事会薪酬与考核 委员会依据《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》"）、《上市公司股权激励管理办法》（以下简称 "《管理办法》"）等相关法律法规、规范性文件和《公司章程》的有关规定，对 公司《2025 年限制性股票激励计划（草案）》（以下简称"《激励计划（草案）》" 或"激励计划"）及其相关事项进行了核查，发表核查意见如下： 一、关于《公司 2025 年限制性股票激励计划（草案）》及其摘要的核查意 见 1、公司不存在《管理办法》等法律法规规定的禁止实施股权激励计划的下 列情形，公司具备实施股权激励计划的主体资格： 1 款提供担保以及其他任何形式的财务资助，损害公司利益。 4、公司实施本次激励计划可以健全公司的激励机制，完善激励与约束相结 合的分配机制，使经营者和股东形成利益共同体，提高管理效率与水平，有利于 公司的可持续发展，不存在损害上市公司及全体股东利益的情形。 二、关于《公司 2 ...

证券代码：301190 证券简称：善水科技 公告编号：2025-039 九江善水科技股份有限公司 第三届董事会第十六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 九江善水科技股份有限公司（以下简称"公司"）第三届董事会第十六次会 议于 2025 年 9 月 12 日在公司会议室以现场及通讯表决方式召开。本次会议通知 于 2025 年 9 月 8 日以电子邮件、电话等方式发出，会议应出席董事 9 名，实际 出席董事 9 名。本次会议由董事长黄国荣先生主持，公司高级管理人员列席了会 议。会议的召集、召开和表决符合《中华人民共和国公司法》（以下简称"《公 司法》"）等法律法规和《公司章程》的规定。 二、董事会会议审议情况 经全体董事认真审议，通过了以下议案： （一）审议通过《关于使用部分超募资金永久补充流动资金的议案》 为提高超募资金使用效率，结合公司发展需要，遵循股东利益最大化的原则， 在保证募集资金投资项目资金需求的情况下，根据《上市公司募集资金监管规则》 及《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 ...

Market Overview - On August 28, the chemical raw materials sector rose by 0.26% compared to the previous trading day, with Xinghua Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Stock Performance - Xinghua Co., Ltd. (002109) closed at 4.11, with a significant increase of 9.89% and a trading volume of 1.2355 million shares, amounting to a transaction value of 498 million yuan [1] - Other notable performers included Jiangtian Chemical (300927) with a closing price of 29.92, up 3.35%, and Shanshui Technology (301190) at 26.44, up 3.28% [1] Fund Flow Analysis - The chemical raw materials sector experienced a net outflow of 788 million yuan from institutional investors, while retail investors saw a net inflow of 664 million yuan [2] - The overall fund flow indicates a mixed sentiment, with institutional investors withdrawing capital while retail investors increased their positions [2] Individual Stock Fund Flow - Xinghua Co., Ltd. had a net inflow of 1.10 billion yuan from institutional investors, indicating strong institutional interest despite the overall sector outflow [3] - Other stocks like Sanyou Chemical (600409) and Jinpu Titanium Industry (000545) also showed varied fund flows, with Sanyou Chemical receiving a net inflow of 26.14 million yuan from institutional investors [3]

Group 1 - The core viewpoint of the news is that Shan Shui Technology experienced a decline in stock price and significant changes in financing activities on August 27, with a net financing outflow of 10.51 million yuan [1] - As of August 27, the total financing and securities lending balance of Shan Shui Technology was 122 million yuan, which is 2.22% of its market capitalization, indicating a high level of financing [1] - The company reported a revenue of 305 million yuan for the first half of 2025, representing a year-on-year growth of 23.08%, while the net profit attributable to shareholders decreased by 11.77% to 47.77 million yuan [2] Group 2 - Since its A-share listing, Shan Shui Technology has distributed a total of 126 million yuan in dividends, with 94.30 million yuan distributed in the last three years [3] - As of June 30, 2025, the number of shareholders of Shan Shui Technology was 13,000, a decrease of 13.32% from the previous period, while the average circulating shares per person increased by 158.76% to 12,298 shares [2]

Financial Performance - Company reported a total revenue of 305 million yuan, an increase of 23.08% year-on-year, but net profit decreased by 11.77% to 47.77 million yuan [1] - In Q2, revenue reached 177 million yuan, up 23.29% year-on-year, while net profit fell by 12.84% to 31.00 million yuan [1] - Gross margin was 29.35%, down 8.63% year-on-year, and net margin was 15.65%, down 28.31% year-on-year [1] Expense Analysis - Sales expenses increased by 77.66% due to higher personnel costs and other sales-related expenses [2] - Management expenses rose by 45.58% attributed to increased personnel costs [2] - Financial expenses grew by 42.56% due to decreased interest from lower deposit balances and rates [2] Cash Flow and Investment - Operating cash flow per share was -0.31 yuan, a 30.75% increase year-on-year [1] - Investment cash flow decreased by 93.57% due to increased cash management [2] - Financing cash flow increased by 50.33% due to higher repayments of short-term loans and increased buyback payments [2] Return on Investment - The company's return on invested capital (ROIC) was 1.45%, indicating weak capital returns [2] - Historical data shows a median ROIC of 11.46% since the company went public, with the worst year being 2023 at -0.67% [3] Business Model and Debt Capacity - The company's performance is primarily driven by capital expenditures, necessitating careful evaluation of the profitability of these investments [3] - The company maintains a healthy cash asset position, indicating good debt repayment capacity [3] Current Developments - The company is currently processing various approvals for its supporting raw material projects [3]

Core Viewpoint - Jiujiang Shanshui Technology Co., Ltd. reported a significant increase in revenue and net profit for the first half of 2025, driven by favorable market conditions in the fine chemical sector, particularly in the dye industry [1][2][3]. Group 1: Financial Performance - The company achieved operating revenue of 305 million yuan, representing a year-on-year growth of 23.08% [1]. - The net profit attributable to shareholders was 47.77 million yuan [1]. Group 2: Market Dynamics - The fine chemical sector outperformed the basic chemical sector, with the dye industry being a highlight due to improved domestic consumption and stricter environmental regulations [2]. - Prices for dye intermediates, such as 6-nitro compounds, surged due to supply-side constraints from environmental policies and seasonal demand [2]. Group 3: Industry Characteristics - The dye intermediate industry exhibits strong stability once integrated into the downstream supply chain, with high switching costs for customers due to the specific quality requirements of dye products [3]. - The company has established long-term stable partnerships with several well-known dye enterprises, maintaining a leading market share in its segment [3]. Group 4: R&D Investment - Research and development investment increased by 42.97% year-on-year, focusing on upgrading existing products and developing high-value-added products [4]. - The company has developed a core technology system that integrates product research, process development, and equipment modification, positioning it at the forefront of the industry [4]. Group 5: Product Quality and Production Efficiency - The company’s 6-nitro products have significant quality advantages, utilizing a continuous nitration process that reduces waste and lowers environmental costs [5]. - The gross margin for 6-nitro products was 45.69%, reflecting an increase compared to the previous year [5]. - The company is actively promoting the capacity release of chlorinated pyridine series products, with a gross margin of 26.33% for 2,3-dichloropyridine, showing substantial growth [5].

Group 1 - The core point of the article is that Shanshui Technology announced the approval of multiple proposals during the 15th meeting of its third board of directors [2] Group 2 - The announcement was made on the evening of August 25 [2] - The proposals included the discussion of the agenda and its summary [2]

Core Insights - The company reported a revenue of 305 million yuan for the first half of 2025, representing a year-on-year growth of 23.08% [1] - The net profit attributable to shareholders decreased to 47.77 million yuan, a decline of 11.77% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 47.71 million yuan, also down 11.66% year-on-year [1] - The basic earnings per share stood at 0.2320 yuan [1]

Group 1 - The company reported a revenue of 305 million yuan for the first half of the year, representing a year-on-year increase of 23.08% [1] - The net profit attributable to shareholders of the listed company was 47.77 million yuan, showing a year-on-year decrease of 11.77% [1] - The basic earnings per share were 0.232 yuan [1] Group 2 - The company's stock price decreased by 3.08% [1]