鲁西化工分析师会议-20250717

Group 1: Research Basic Information - The research object is Luxi Chemical, belonging to the chemical raw materials industry, and the reception time is July 17, 2025. The listed company's reception staff includes the board secretary Liu Yuegang and the securities affairs representative Liu Qing [17] Group 2: Detailed Research Institutions - The institutions participating in the research include Dajia Asset, BOC Asset Management, Qianhai Kaiyuan, Minsheng Securities, etc. The relevant personnel of these institutions are Liu Tengyao, Chen Guanxiong, Huang Aoxue, and Fei Chenhong respectively [2][18] Group 3: Main Content Information Company's Production and Operation - The overall production and operation of the park are normal. The company strengthens safety management and implements "Four Preventions in Summer" to ensure stable operation of production enterprises. It also coordinates production, sales, and procurement to adjust according to market changes, aiming to maximize economic benefits [22] Company's Performance in Q1 2025 and Product Market in Q2 - In Q1 2025, the company's operating income was about 7.29 billion yuan, a year-on-year increase of 7.96%. The net profit attributable to shareholders of the listed company was about 413 million yuan, a year-on-year decrease of 27.3%. The net profit attributable to shareholders of the listed company after deducting non - recurring gains and losses was about 384 million yuan, a year-on-year decrease of 33.81%. In Q2, chemical product prices fluctuated, and the company adjusted in a timely manner [22] Company's Dividend Policy - In 2024, the company distributed a cash dividend of 3.50 yuan per 10 shares (tax - included) based on the total share capital at the end of 2024, and the dividend has been implemented. In the future, the company will determine the dividend plan reasonably according to regulatory requirements [23] Solution to the Issue of Competing Business - In April this year, the company's subsidiary signed a "Fluorine Product Framework Cooperation Agreement" with Sinochem Lantian Group Trading Co., Ltd., a subsidiary of Haohua Technology, to solve the issue of competing business in difluoromethane [23] Forecast of Product Market Trends - The market prices of chemical products are affected by multiple factors and are difficult to predict. The company will follow market changes, adjust in a timely manner, and strive to achieve a balance between production and sales [24]