9月30日，渤海化学盘中上涨2.11%，截至11:28，报3.87元/股，成交2827.88万元，换手率0.67%，总市 值42.96亿元。 资金流向方面，主力资金净流入238.68万元，大单买入629.31万元，占比22.25%，卖出390.63万元，占 比13.81%。 渤海化学今年以来股价涨27.30%，近5个交易日涨0.52%，近20日跌7.42%，近60日跌7.42%。 今年以来渤海化学已经4次登上龙虎榜，最近一次登上龙虎榜为6月6日，当日龙虎榜净买入1741.45万 元；买入总计1.04亿元 ，占总成交额比16.96%；卖出总计8702.65万元 ，占总成交额比14.13%。 资料显示，天津渤海化学股份有限公司位于天津市滨海新区临港经济区渤海十三路189号，成立日期 1979年5月30日，上市日期1993年12月6日，公司主营业务涉及数据卡产品、印刷产品与智能卡应用系统 及配套机具相关产品的生产与销售;丙烯的制造与销售。主营业务收入构成为：丙烯及副产品72.66%， 化工品贸易24.87%，磁卡销售1.11%，机具销售0.64%，印刷销售0.48%，技术服务0.21%，其他业务收 入0.02%，代 ...

Core Insights - The company reported a decline in revenue and net profit for the first half of 2025, with total revenue at 840 million yuan, down 8.90% year-on-year, and net profit attributable to shareholders at 14.09 million yuan, down 13.72% [1] - The company's gross margin decreased to 22.10%, a drop of 2.87 percentage points year-on-year, while the net margin was 2.40%, down 0.22 percentage points compared to the previous year [1] - The company has a high price-to-earnings ratio of approximately 153.47 times and a price-to-book ratio of about 1.17 times as of August 29 [1] Financial Performance - The company’s basic earnings per share for the reporting period was 0.04 yuan, with a weighted average return on equity of 0.66% [1] - In Q2 2025, the gross margin was 27.73%, down 7.45 percentage points year-on-year but up 8.57 percentage points quarter-on-quarter; the net margin was -2.20%, down 1.71 percentage points year-on-year and down 7.01 percentage points quarter-on-quarter [1] Expense Management - Total operating expenses for the first half of 2025 were 145 million yuan, a decrease of 14.67 million yuan year-on-year, with an expense ratio of 17.28%, down 0.05 percentage points from the previous year [2] - Sales expenses decreased by 20.59%, management expenses by 10.89%, R&D expenses by 2.28%, and financial expenses by 8.43% compared to the previous year [2] Shareholder Information - As of the end of the first half of 2025, the total number of shareholders was 28,300, an increase of 4,435 or 18.59% from the end of the previous quarter; however, the average market value per shareholder decreased from 107,500 yuan to 88,000 yuan, a decline of 18.11% [2] Business Overview - The company is primarily engaged in water resource development and supply, municipal and park sewage treatment, and clean energy heating, with main revenue sources including heating (40.58%), raw water (22.11%), tap water (20.73%), and environmental governance (13.15%) [2] - The company operates in the environmental governance sector, specifically in water management and treatment, and is associated with concepts such as state-owned assets in Tianjin, micro-cap stocks, PPP concepts, REITs, and solid waste treatment [3]

Group 1 - The stock price of Tianjin Port increased by 2.17% on August 22, reaching 5.17 CNY per share, with a trading volume of 204 million CNY and a turnover rate of 1.39%, resulting in a total market capitalization of 14.962 billion CNY [1] - Year-to-date, Tianjin Port's stock price has risen by 8.48%, with a 5-day increase of 5.30%, a 20-day increase of 8.61%, and a 60-day increase of 15.25% [1] - The company is involved in various businesses including commodity storage, intermodal transport, automobile transportation, loading and unloading, and container handling [1] Group 2 - As of March 31, the number of shareholders for Tianjin Port was 76,500, a decrease of 0.66% from the previous period, while the average circulating shares per person increased by 0.66% to 37,835 shares [2] - For the first quarter of 2025, Tianjin Port reported revenue of 3.014 billion CNY, representing a year-on-year growth of 8.12%, and a net profit attributable to shareholders of 275 million CNY [2] - Since its A-share listing, Tianjin Port has distributed a total of 5.133 billion CNY in dividends, with 819 million CNY distributed over the past three years [2]