Core Viewpoint - Changhua Chemical is focusing on optimizing its product and customer structure, implementing differentiated competition and cost reduction strategies, leading to a significant increase in net profit for the first half of 2025 [1] Group 1: Company Performance - In the first half of 2025, Changhua Chemical achieved a net profit of 41.1285 million yuan, representing a 62.71% increase compared to the same period last year [1] Group 2: Project Development - The company is developing a carbon dioxide polyether project with an annual production capacity of 80,000 tons, which aligns with the industry's green development trends and national "dual carbon" policies [1] - The carbon dioxide polyether project is expected to enhance existing business operations and has applications in various fields, including adhesives and automotive composite materials [1] Group 3: Market Potential - The market for carbon dioxide polyether is anticipated to grow due to its high performance, carbon neutrality, and recyclability, with potential customers seeking green, cost-effective solutions [2] - The demand for green low-carbon chemicals is expected to increase as global chemical industry transitions accelerate, driven by stricter carbon reduction policies [2] - The polyurethane materials made from carbon dioxide polyether are expected to see expanding market capacity in the future due to their excellent performance and ease of degradation and recycling [2]

2.二氧化碳聚醚的应用领域主要有哪些，与传统聚醚相比 的应用优势有哪些？ 证券代码：301518 证券简称：长华化学 长华化学科技股份有限公司 投资者关系活动记录表 编号：2025-004 投资者关系活动 类别 ☑ 特定对象调研 □分析师会议 □媒体采访 □新闻发布会 □现场参观 □业绩说明会 □路演活动 □其他 参与单位名称及 人员姓名 华泰证券股份有限公司 杨文韬 工银安盛资产管理有限公司 赵博容 时间 2025 年 9 月 4 日 14:00-15:00 地点 长华化学科技股份有限公司会议室 上市公司接待人 员姓名 董事会秘书：顾倩 证券事务代表：张丽 投资者关系活动 主要内容介绍 一、介绍公司基本情况： 公司 2025 年半年度经营情况： 2025 年上半年，公司优化产品结构与客户结构，实施差异 化竞争策略，同时持续推行全面降本增效策略，在经营业绩上取 得了较好增长，实现归属于上市公司股东的净利润 4112.85 万 元，较上年同期上升 62.71%。 二、互动交流： 1.请介绍下二氧化碳聚醚项目（一期）的投资背景？ 答："二氧化碳聚醚项目（一期）"的主要建设内容为建设 年产 8 万吨二氧化碳聚醚装置 ...

2025年1至6月份，长华化学的营业收入构成为：普通聚合物多元醇占比65.34%，高活性聚合物多元醇 占比26.68%，软泡及CASE类聚醚多元醇占比6.8%，其他业务占比1.18%。 每经AI快讯，长华化学（SZ 301518，收盘价：25.52元）9月1日晚间发布公告称，截至2025年8月31 日，公司通过回购专用证券账户以集中竞价交易方式累计回购公司股份约104万股，占公司目前总股本 的0.74%，购买股份的最高成交价为18.69元/股，最低成交价为16.04元/股，成交总金额约为1821万元。 每经头条（nbdtoutiao）——阿里的双向突围 （记者 曾健辉） 截至发稿，长华化学市值为36亿元。 ...

证券代码：301518 证券简称：长华化学 公告编号：2025-061 长华化学科技股份有限公司 关于回购公司股份的进展公告 具体内容详见公司分别于 2024 年 11 月 12 日、12 月 4 日在巨潮资讯网披露的 《关于回购公司股份方案暨取得金融机构股票回购专项贷款承诺书的公告》（公告 编号：2024-038）、《回购股份报告书》（公告编号：2024-042）。 二、回购进展情况 根据《公司法》《证券法》《上市公司股份回购规则》《深圳证券交易所上市 公司自律监管指引第 9 号——回购股份》等法律法规和规范性文件及《公司章程》 的有关规定：在回购股份期间，上市公司应当在每个月的前三个交易日内，公告截 至上月末的回购进展情况。现将公司截至上月末的回购股份进展情况公告如下： 截至 2025 年 8 月 31 日，公司通过回购专用证券账户以集中竞价交易方式累计 回购公司股份 1,039,718 股，占公司目前总股本的 0.74%，购买股份的最高成交价 为 18.69 元/股，最低成交价为 16.04 元/股，成交总金额为 18,208,981.10 元（不 含交易费）。 上述回购资金来源为公司自有资金及股票回购 ...

Market Overview - On August 29, the chemical products sector rose by 0.89%, with Aipu Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Top Gainers in Chemical Sector - Aipu Co., Ltd. (603020) closed at 10.87, up 10.02% with a trading volume of 402,700 shares and a turnover of 424 million yuan [1] - Jianye Co., Ltd. (603948) closed at 29.17, up 9.99% with a trading volume of 49,200 shares and a turnover of 144 million yuan [1] - AkzoNobel (603722) closed at 56.46, up 8.16% with a trading volume of 63,500 shares and a turnover of 347 million yuan [1] - JuHua Co., Ltd. (600160) closed at 38.69, up 6.88% with a trading volume of 792,300 shares and a turnover of 3.027 billion yuan [1] Top Losers in Chemical Sector - ST Quantai (300225) closed at 5.16, down 7.03% with a trading volume of 300,300 shares and a turnover of 159 million yuan [2] - Matsui Co., Ltd. (688157) closed at 40.36, down 6.57% with a trading volume of 55,000 shares and a turnover of 226 million yuan [2] - Kaimete Gas (002549) closed at 15.98, down 4.65% with a trading volume of 1,144,000 shares and a turnover of 1.873 billion yuan [2] Fund Flow Analysis - The chemical products sector experienced a net outflow of 1.219 billion yuan from institutional investors, while retail investors saw a net inflow of 701 million yuan [2] - The sector's overall fund flow indicates a mixed sentiment, with institutional selling and retail buying [2] Individual Stock Fund Flow - Sanmei Co., Ltd. (603379) had a net inflow of 90.6979 million yuan from institutional investors, while retail investors had a net outflow of 11.25% [3] - Newhan New Materials (301076) saw a net inflow of 90.5876 million yuan from institutional investors, with a retail net outflow of 8.07% [3] - Silicon Treasure Technology (300019) had a net inflow of 78.6861 million yuan from institutional investors, but retail investors experienced a net outflow of 5.19% [3]

Core Viewpoint - Longhua Chemical (301518) reported a decline in total revenue for the first half of 2025, but a significant increase in net profit, indicating improved profitability despite lower sales [1] Financial Performance - Total revenue for the first half of 2025 was 1.23 billion yuan, a decrease of 15.8% year-on-year [1] - Net profit attributable to shareholders was 41.13 million yuan, an increase of 62.71% year-on-year [1] - In Q2 2025, total revenue was 651 million yuan, down 18.52% year-on-year, while net profit was 22.43 million yuan, up 589.05% year-on-year [1] - Gross margin increased by 56.03% to 6.39%, and net margin rose by 93.1% to 3.34% [1] - Total operating expenses were 31.48 million yuan, accounting for 2.56% of revenue, an increase of 25.3% year-on-year [1] - Earnings per share rose to 0.30 yuan, a 66.67% increase year-on-year [1] Business Model and Investment Returns - The company's return on invested capital (ROIC) was 3.85% last year, indicating weak capital returns [3] - Historical median ROIC since listing is 11.46%, suggesting better investment returns in the past [3] - The company's performance is heavily reliant on capital expenditures, necessitating careful evaluation of capital projects [3] Technological Development - Longhua Chemical has signed a joint development and licensing agreement with Econic for CO2 polyether catalyst technology [4] - The company is focusing on developing CO2 polyether production processes and applications, resulting in several patented technologies [4] - The CO2 polyether products developed have improved stability and environmental benefits, aligning with national green technology initiatives [4]

Group 1 - The core viewpoint of the article is that Changhua Chemical (301518.SZ) has reported its semi-annual results for 2025, highlighting the significant institutional ownership of its A-shares [1] - As of August 26, 2025, a total of 10 institutional investors hold 97.142 million shares of Changhua Chemical, representing 69.30% of the total share capital [1] - The top ten institutional investors include Jiangsu Changshun Group Co., Ltd., Zhangjiagang Huajin Enterprise Management Partnership (Limited Partnership), and Barclays Bank PLC, among others [1] - Compared to the previous quarter, the combined shareholding ratio of the top ten institutional investors has decreased by 1.57 percentage points [1] Group 2 - In terms of foreign investment, one new foreign institution disclosed its holdings this period, which is Barclays Bank PLC [2]

Group 1 - The core point of the article is that Changhua Chemical (SZ 301518) held its 18th meeting of the third board of directors on August 25, 2025, to review the internal control audit report for 2024 [1] - For the first half of 2025, Changhua Chemical's revenue composition was as follows: ordinary polymer polyols accounted for 65.34%, high-activity polymer polyols accounted for 26.68%, soft foam and CASE-type polyether polyols accounted for 6.8%, and other businesses accounted for 1.18% [1]

智通财经APP讯，长华化学(301518.SZ)发布2025年半年度报告，该公司营业收入为12.3亿元，同比减少 15.80%。归属于上市公司股东的净利润为4112.85万元，同比增长62.71%。归属于上市公司股东的扣除 非经常性损益的净利润为4028.11万元，同比增长93.88%。基本每股收益为0.3元。 ...

长华化学(301518.SZ)发布2025年半年度报告，该公司营业收入为12.3亿元，同比减少15.80%。归属于上 市公司股东的净利润为4112.85万元，同比增长62.71%。归属于上市公司股东的扣除非经常性损益的净 利润为4028.11万元，同比增长93.88%。基本每股收益为0.3元。 ...