山东这家化工龙头拟赴港上市，冲刺A+H

Core Viewpoint - The company is in discussions with intermediaries regarding the specific progress of its H-share listing, with details yet to be confirmed. The H-share listing will not change the company's controlling shareholder or actual controller situation, but there is significant uncertainty regarding the approval and implementation process [3]. Group 1: Company Overview - Binhu Chemical Co., Ltd. was listed on the Shanghai Stock Exchange in February 2010 [3]. - The company's main business includes the production, processing, and sales of organic and inorganic chemical products, with key products being caustic soda and propylene oxide [3]. - The company has a caustic soda production capacity of 610,000 tons, ranking among the top in Shandong Province, and is the largest producer of granular caustic soda in China with a capacity of 200,000 tons [3]. - The company’s propylene oxide production capacity is 510,000 tons, with its technology and operational standards leading among domestic chlor-alkali production enterprises [3]. Group 2: Financial Performance - In 2024, the company achieved an operating income of approximately 10.228 billion yuan, a year-on-year increase of 40%, while the net profit attributable to shareholders decreased by 42.77% to about 219 million yuan [4]. - In the first quarter of 2025, the company reported an operating income of approximately 3.782 billion yuan, a year-on-year increase of 94.14%, and a net profit attributable to shareholders of about 96 million yuan, reflecting a year-on-year growth of 225.75% [4].