北化股份：接受招商基金等投资者调研

Company Overview - Beihua Co., Ltd. (SZ 002246) announced that on November 4, 2025, it will accept investor research from institutions including China Merchants Fund, with key personnel such as the financial director and board secretary participating in the Q&A session [1] Financial Performance - For the first half of 2025, Beihua's revenue composition is as follows: chemical raw materials and chemical products manufacturing accounted for 38.08%, other specialized chemical products manufacturing for 30.99%, and specialized equipment manufacturing for 30.93% [1] Market Capitalization - As of the report date, Beihua's market capitalization stands at 10.9 billion yuan [1] Industry Insights - A significant increase in overseas orders by 246% has been reported in the industry, covering over 50 countries and regions, indicating robust international demand [1] - Industry leaders have raised concerns about potential vicious competition as some companies are selling products at a loss [1]