化工股也要赴港上市！滨化股份近年业绩断崖式下滑

Core Insights - Binhua Co., Ltd. has submitted an application for the issuance of overseas listed shares (H-shares) and listing on the Hong Kong Stock Exchange on October 22, 2025 [1] - The company aims to enhance its global strategy, accelerate overseas business development, and improve its international brand image and competitive strength [1] - Binhua's net profit has declined for three consecutive years, with figures of 1.626 billion, 1.178 billion, 383 million, and 219 million yuan from 2021 to 2024 [1] Financial Performance - For the first half of 2025, Binhua reported operating revenue of 7.35 billion yuan, a year-on-year increase of 61.4% [1] - The net profit attributable to shareholders was 111 million yuan, up 6.0% year-on-year [1] - However, the net profit after deducting non-recurring items showed a loss of 13.28 million yuan, a decline of 112.6% year-on-year [1] Shareholding Structure - Since July 3, 2020, Binhua has been in a state of no actual controller for over five years, following the termination of a joint action agreement by its original founders [2] - The company's shareholding is relatively dispersed, and the issuance of H-shares will further dilute the shares of existing shareholders [2]