Group 1: Company Operations and Strategy - The overall production and operational situation of the company is normal, with a focus on enhancing winter safety management, energy conservation, and efficiency improvement to mitigate market risks [2] - The company is dynamically adjusting its production and operational strategies based on market changes, aiming to maximize economic benefits by leveraging the integrated advantages of its park [2] Group 2: Market Conditions and Product Pricing - In Q4 2025, the prices of chemical products varied due to fluctuations in the operating rates of peer and downstream enterprises, changes in supply and demand, and the decline in oil prices [3] - The company is actively adjusting its pricing strategies in response to market conditions to maintain a balance between production and sales [3] Group 3: Joint Venture and Competitive Strategy - On December 23, 2025, the company announced the establishment of a joint venture with Cangzhou Dahua and Sinochem International to mitigate the adverse effects of industry competition and effectively integrate sales resources in the polycarbonate sector [3] Group 4: Future Development Plans - The company plans to apply high standards in the planning and construction of the northern park, enhancing integrated management and developing upstream and downstream projects of chemical products [3] - For 2026, the company anticipates uncertainty in market price changes for chemical products and will focus on quality improvement, cost management, and seizing market opportunities to achieve production and sales balance [3]

| | ☑特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 业绩说明会 | | 投资者关系活动类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 | | 活动参与人员 | 汇添富基金：刘高晓、高田昊等 | | | 申万宏源证券：邵靖宇、陈陶 | | 时间 | 2026 年 1 月 9 日 | | 地点 | 公司会议室 | | 形式 | 现场交流 | | 上市公司接待人员 | 董事会秘书 刘月刚 | | 姓名 | 证券事务代表 柳青 | | | 互动沟通主要内容如下： 一、介绍公司近期生产经营情况 | | | 近期园区整体生产经营情况正常，公司继续加强生产企业的冬季 安全管控，大力度开展节能降耗、提质增效，规避市场风险，紧跟相 | | | 关政策及行业发展动态，结合公司实际情况动态调整，统筹分析预判 | | | 市场变化，及时调整生产经营策略，发挥园区一体化优势，力争把握 | | 交流内容及具体问答 记录 | 市场机遇，实现经济效益最大化。 | | | 二、沟通了解 2025 年四季度产品市场变化情况 | | | 第四季度，受同行企业及下游企业开工率波 ...

Group 1: Company Operations - The overall production and operation of the company is normal, with a focus on safety management, energy conservation, and efficiency improvement to mitigate market risks [2] - The company adjusts its production and operational strategies based on market changes, aiming to maximize economic benefits [2] Group 2: Market Conditions - In Q4 2025, the prices of chemical products varied due to fluctuations in the operating rates of peer and downstream enterprises, changes in supply and demand, and oil price volatility [3] - The company maintains a balance between production and sales by adjusting to market conditions and ensuring transparent pricing through online sales [3] Group 3: Chemical Engineering Sector - The chemical engineering sector has played a crucial role in the company's transformation and stable development, fostering a skilled team and creating a new EPC engineering service industry [3] - The company has begun to participate in external engineering installation services this year [3] Group 4: Dividend Policy - The previous year's dividend was 10 shares with a payout of 3.5 yuan (including tax), totaling approximately 669 million yuan, which is 32.95% of the net profit attributable to shareholders [3] - Future dividend plans will be determined based on regulatory requirements, profitability, operational funding needs, and shareholder returns [3] Group 5: Market Forecast - The market price of chemical products is influenced by various factors, making it difficult to predict future trends [3] - The company will continue to monitor market changes, adjust strategies, manage costs, and leverage integrated advantages to seize market opportunities [3]

Group 1: Company Operations and Strategy - The overall production and operational situation of the company is normal, with a focus on safety management, energy conservation, and efficiency improvement to maximize economic benefits [1] - The company aims to adjust production strategies in response to market changes and policy developments, leveraging the integrated advantages of the park [1] Group 2: Market Conditions and Product Pricing - In Q4 2025, chemical product prices are expected to fluctuate due to varying operating rates of peer and downstream enterprises, changes in demand, and oil price volatility [2] - The company will adjust product prices based on market conditions, ensuring transparency in online sales through the Lushi Mall [2] Group 3: Chemical Engineering Sector Development - The chemical engineering sector has played a crucial role in the company's transformation and stable development, fostering a skilled team and establishing a new EPC engineering service industry with Lushi characteristics [2] - The company has begun to participate in external engineering installation services this year [2] Group 4: Market Forecast and Risk Management - The market price of chemical products is influenced by multiple factors, making predictions uncertain; the company will closely monitor market changes and strengthen cost management to mitigate risks [2] - The company aims to achieve a balance between production and sales by seizing market opportunities [2]

Group 1: Company Operations and Market Conditions - The overall production and operational situation of the company is normal, with a focus on safety management, energy conservation, and efficiency improvement to maximize economic benefits [1] - In Q4 2025, chemical product prices are expected to fluctuate due to varying operating rates of peer and downstream companies, changes in demand, and oil price volatility [1] - The company adjusts its product prices based on market conditions, ensuring transparency through online sales in the Lushi Mall [1] Group 2: Dividend Policy and Market Predictions - The company adheres to regulatory requirements for cash dividends, balancing profitability, operational funding needs, and shareholder returns [2] - The market price of chemical products is influenced by multiple factors, making predictions uncertain; the company will closely monitor market changes and adjust strategies accordingly [2]

Group 1: Company Operations - The overall production and operation of the company is normal, with adjustments made in production, sales, and procurement based on market changes [2] - The company is focusing on energy conservation, efficiency improvement, and risk avoidance to maximize economic benefits [2] Group 2: Market Conditions - In Q3 2025, chemical product prices fluctuated due to changes in operating rates of peer and downstream enterprises, demand variations, and oil price volatility [2] - The company adjusts its product prices in response to market conditions, with transparent pricing on the LuXi Mall online platform [2] Group 3: Dividend Policy - The profit distribution plan for 2024 proposes a cash dividend of 3.50 yuan (including tax) for every 10 shares based on the total share capital at the end of 2024, which has already been implemented [3] - Future dividend plans will consider the company's profitability, cash flow, operational needs, and shareholder returns, adhering to regulatory requirements [3] Group 4: Market Outlook - The market price of chemical products is influenced by various factors, making it difficult to predict future trends [3] - The company will continue to monitor market changes, adjust accordingly, and leverage integrated advantages to seize market opportunities [3]

Group 1: Company Operations - The overall production and operation of the company is normal, with enhanced safety management in response to summer heat, ensuring stable operations across production enterprises [1] - The company is actively analyzing market changes and adjusting production, sales, and procurement strategies to maximize economic benefits while minimizing risks [1] Group 2: Market Conditions - In Q2 2025, chemical product prices fluctuated due to factors such as peer company operating rates, upstream and downstream demand changes, and oil price variations [2] - The company is adjusting its product prices based on market conditions, with online sales through the Lushi Mall ensuring price transparency [2] Group 3: Dividend Policy - The profit distribution plan for 2024 proposes a cash dividend of 3.50 yuan (including tax) for every 10 shares, based on the total share capital at the end of 2024, and the distribution has been completed [2] - Future dividend plans will be determined in accordance with regulatory requirements, considering profitability, cash flow, and shareholder returns [2] Group 4: Market Outlook - The market price of chemical products is influenced by various factors, making it difficult to predict future trends [2] - The company will continue to monitor market changes, adjust strategies accordingly, and leverage integrated advantages to seize market opportunities [2]