Meeting Overview - The second temporary meeting of the ninth board of directors of Shandong Haihua Co., Ltd. was held on August 5, 2025, with all 9 directors present [2][4] - The meeting approved the proposal to sign a cooperation investment framework agreement with several companies to jointly develop natural soda ash resources [9][15] Investment Details - The company plans to invest a total of 232,000.00 million yuan to acquire a 29% stake in Zhongyan (Inner Mongolia) Soda Industry Co., Ltd. through a capital increase [9][16] - The investment will be made in two phases: the first phase of 197,451.14 million yuan and the second phase of 34,548.86 million yuan [16][41] Project Background - Zhongyan Soda Industry has obtained mining rights for natural soda ash in the Nai Manqi area of Tongliao City, Inner Mongolia, with a total mineral volume of 1.447 billion tons [22][26] - The mining rights were acquired for 6.80866 billion yuan, and the project is expected to have a significant market advantage due to lower production costs compared to synthetic soda ash [23][29] Economic Evaluation - The project is projected to generate total revenue of 132.32 billion yuan over a 23-year evaluation period, with a total profit of 50.15 billion yuan [29] - The internal rate of return is estimated at 12.84%, with a payback period of approximately 9.02 years [29] Strategic Importance - The investment aligns with the company's strategy to diversify its product offerings and enhance competitiveness in the soda ash market [45][46] - The project is expected to provide a stable return on investment and support the company's long-term sustainable development [44][48]

证券代码：000822 证券简称：山东海化 公告编号：2025-030 山东海化股份有限公司关于签署合作投资框架协议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 增资挂牌摘牌方式参与中盐（内蒙古）碱业有限公司（以下简称"中盐碱 业"）增资，摘牌结果存在不确定性。 关部门审核通过。 权出让合同》 。 环境保护等方面的风险，详见"三、交易标的的基本情况"之"（二）通 辽奈曼天然碱项目情况"之"13.相关风险因素"，敬请投资者注意。 一、交易概述 为发挥各方资源互补优势，共同开发天然碱矿产，实现互惠共赢，公 司与中盐碱业、中盐内蒙古化工股份有限公司（以下简称"中盐化工"） 及内蒙古蒙盐盐业集团有限公司（以下简称"蒙盐集团"）达成合作意向， 并签署合作投资框架协议。根据协议约定，公司拟以自有资金，通过增资 挂牌摘牌方式取得中盐碱业 29%的股权，投资总额 232,000.00 万元（分 两期支付：第一期 197,451.14 万元，第二期 34,548.86 万元）。 中盐碱业增资事项尚需履行产权交易所挂牌程序，公司将参与摘牌。 各方已达成一致意 ...

Group 1: Financial Performance - The company achieved an operating income of 13.264 billion yuan in 2024, representing a year-on-year increase of 10.13% [3] - The net profit attributable to shareholders reached 1.811 billion yuan, reflecting a year-on-year growth of 28.46% [3] - The cash dividend for 2024 is expected to total 1.115 billion yuan, accounting for 66.74% of the distributable profit [5] Group 2: Production and Cost Structure - The company maintains a flexible production ratio of light and heavy soda based on market demand [2] - The comprehensive cost of producing soda ash in 2024 is not disclosed, but it is suggested to refer to periodic reports for detailed figures [4] - The heat value of the coal purchased by the company ranges from 3000 Kcal to 5500 Kcal, depending on the type and origin [3] Group 3: Legal and Financial Liabilities - The company has provisioned for a contingent liability of 1.85 billion yuan for 2024, following a previous provision of 9.64 billion yuan in 2023 [4] - As of December 31, 2024, the estimated liability balance for unresolved arbitration matters stands at 1.149 billion yuan [4] Group 4: Strategic Development and Market Position - The company has established a national-level enterprise technology center and is a leader in the natural soda industry in China [2] - There are plans for potential collaboration with other companies in the natural soda development sector [2] - The company is focused on enhancing its market performance and has developed a market value management system for 2025 [6]