Core Viewpoint - Lubei Chemical, established in 1996, is a diversified chemical enterprise in China, focusing on titanium dioxide, methane chloride, fertilizers, cement, and salt, with a unique advantage in the circular economy industry chain [1] Group 1: Business Performance - In Q3 2025, Lubei Chemical achieved a revenue of 3.831 billion yuan, ranking third among six companies in the industry [2] - The main business composition includes titanium dioxide revenue of 1.594 billion yuan, accounting for 61.82%, and methane chloride revenue of 390 million yuan, accounting for 15.13% [2] - The net profit for the same period was 104 million yuan, also ranking third in the industry [2] Group 2: Financial Ratios - As of Q3 2025, Lubei Chemical's debt-to-asset ratio was 59.16%, down from 61.94% year-on-year but still above the industry average of 50.28% [3] - The gross profit margin for Q3 2025 was 9.27%, a decrease from 13.44% year-on-year, yet higher than the industry average of 8.53% [3] Group 3: Executive Compensation - The chairman, Chen Shuchang, received a salary of 1.0846 million yuan in 2024, an increase of 90,600 yuan from 2023 [4] - The general manager, Feng Xiangyi, earned 932,300 yuan in 2024, up by 76,200 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 1.70% to 47,200 [5] - The average number of circulating A-shares held per shareholder increased by 1.73% to 11,200 [5]

云天化成立于1997年7月2日，7月9日在上海证券交易所上市。该公司是国内重要的磷肥及磷化工龙头企 业，核心业务涵盖化肥、磷矿采选等，具备全产业链的差异化优势，投资价值显著。 云天化主营业务包含化肥、磷矿采选、有机化工等，所属申万行业为基础化工 - 农化制品 - 磷肥及磷化 工，涉及大豆、甲醇概念、化肥核聚变、超导概念、核电等概念板块。 经营业绩：营收行业第一，净利润第一 2025年三季度，云天化营业收入达375.99亿元，在行业9家公司中排名第1，远超第二名兴发集团的237.81 亿元，大幅高于行业平均数104.21亿元和中位数58.04亿元。主营业务中，磷肥营收69.95亿元占比27.99%， 商品粮食49.65亿元占比19.87%等。当期净利润为51.18亿元，同样位居行业第一。 资产负债率高于同业平均，毛利率高于同业平均 偿债能力方面，2025年三季度云天化资产负债率为47.38%，虽较去年同期的52.51%有所下降，但仍高于行 业平均44.58%。从盈利能力看，当期毛利率为20.85%，较去年同期的16.99%提升，且高于行业平均 14.88%。 董事长宋立强，化工工艺工程师掌舵新发展 截至2025 ...