每周股票复盘：中化国际（600500）预计2025年上半年亏损8.07亿至9.49亿

Core Viewpoint - Zhonghua International (600500) is facing significant financial challenges, with expected net losses for the first half of 2025 due to a sluggish industry environment and low chemical product prices [2][4] Group 1: Financial Performance - The company anticipates a net profit loss of between 8.07 billion to 9.49 billion yuan for the first half of 2025, with a non-operating profit loss of 7.61 billion to 8.95 billion yuan [2][4] - In the same period last year, the net profit attributable to the parent company was 12.32 million yuan, with earnings per share of 0.003 yuan [2] - The decline in profitability is attributed to a persistently low chemical product price index and the inability to reverse losses despite efforts to increase sales and reduce costs [2] Group 2: Business Segment Performance - The basic raw materials and intermediates segment is expected to see revenue growth of approximately 25%-35% and sales volume growth of 30%-45%, with a slight increase in gross margin [2] - The high-performance materials segment is projected to experience a revenue decline of 3%-8%, but with an increase in gross margin of 3-8 percentage points [2] - The polymer additives segment is expected to see a revenue decline of 13%-20%, with gross margin remaining stable [2] - The chemical materials marketing and other segments are anticipated to have a revenue decline of 10%-15%, with gross margin also remaining stable [2] Group 3: Corporate Governance - The 6th meeting of the 10th Board of Directors was held on July 11, 2025, with all 7 directors present, meeting legal requirements [3] - The meeting approved two key resolutions: adjustments to the members of the board's professional committees and the establishment of a market value management system [3]