China Salt Chemical(SH:600328) Shang Hai Zheng Quan Bao·2025-10-29 21:31Core Viewpoint - The company has reported its third-quarter financial results and provided updates on significant projects, including the establishment of a joint venture for natural soda ash production and the implementation of a restricted stock incentive plan. Financial Data - The third-quarter report indicates that the company’s financial information is accurate and complete, with no significant omissions or misleading statements [2][15]. - The financial statements for the third quarter are unaudited [3][12]. Project Updates - The company has established a joint venture, China National Salt (Inner Mongolia) Soda Industry Co., Ltd., with a registered capital of 40 million yuan, where the company holds a 49% stake [6]. - The joint venture successfully acquired mining rights for natural soda ash in Tongliao City for 6.80886 billion yuan, and the company will fully own the joint venture after a capital reduction by its partner [7][8]. - A production test project for 5 million tons of natural soda ash has commenced [9]. Stock Incentive Plan - The company has approved the release of restrictions on 920,556 shares of restricted stock for 118 eligible participants as part of its stock incentive plan [10][11]. Share Buyback - As of the end of the reporting period, the company has repurchased 9.03657 million shares, accounting for 0.616% of its total share capital, with a total expenditure of 67.0411 million yuan [11]. Price Changes - In Q3 2025, the prices of basic chemical products stabilized at low levels, with significant year-on-year price declines for PVC and caustic soda, while the price of caustic soda saw a year-on-year increase of 13.7% [54][55]. - The procurement price of raw materials such as liquid ammonia decreased by 18.8% year-on-year, and the price of licorice dropped by 45.2% [55].