证券代码：600389 证券简称：江山股份 公告编号：临2025-051 南通江山农药化工股份有限公司 2025年半年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 每股分配比例 A股每股现金红利0.45元 一、通过分配方案的股东会届次和日期 本次利润分配方案经公司2025年9月11日的2025年第三次临时股东会审议通过。 2.分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公司（以下简 称"中国结算上海分公司"）登记在册的本公司全体股东。 3.分配方案： 本次利润分配以方案实施前的公司总股本430,650,000股为基数，每股派发现金红利0.45元（含税），共 计派发现金红利193,792,500.00元。 二、分配方案 1.发放年度：2025年半年度 三、相关日期 ■ 四、分配实施办法 股东南通产业控股集团有限公司的现金红利由公司自行发放。 3.扣税说明 （1）对于持有无限售条件流通股的自然人股东及证券投资基金，根据《关于实施上市公司股息红利差 ...

智通财经APP讯，丰山集团(603810.SH)发布股票交易异常波动暨风险提示公告称，公司关注到近期部 分媒体报道称公司涉及"固态电池"热点概念。公司目前主营业务仍以原药及制剂的生产、研发、销售为 主，公司主营业务未发生变化，且公司控股子公司丰山全诺目前主要销售锂离子电解液，钠离子电解液 占比相对较小，且销售不涉及固态电池电解质材料。截至2025年上半年，钠离子电解液销售额占公司合 并报表营业收入的比例为0.01%。此外，关于清华大学张强教授团队近期发表的重要研究成果，与我公 司委托其开展的研究开发项目并非同一项研发项目。目前，公司与清华大学合作处于初步研究开发启动 阶段，合同金额较小，技术开发项目周期至2028年12月31日，后续研发成果及成果的商业化存在较大的 不确定性。 ...

（文章来源：证券日报） 证券日报网讯 9月22日晚间，扬农化工发布2025年半年度权益分派实施公告称，公司2025年半年度权益 分派方案为A股每股现金红利0.24元（含税），股权登记日为2025年9月29日，除权（息）日为2025年9 月30日。 ...

Group 1 - The core viewpoint of the news is that Taihe Co., Ltd. has shown fluctuations in stock performance and financing activities, with a notable decrease in stock price and mixed financing data [1][2] - As of September 18, Taihe's stock price dropped by 1.77%, with a trading volume of 95.71 million yuan, and a net financing outflow of 1.42 million yuan [1] - The company's financing balance is 80.16 million yuan, accounting for 7.45% of its market capitalization [1] Group 2 - For the first half of 2025, Taihe reported a revenue of 2.413 billion yuan, representing a year-on-year growth of 23.15%, and a net profit attributable to shareholders of 182 million yuan, up 72.20% year-on-year [2] - The company has distributed a total of 270 million yuan in dividends since its A-share listing [3] - As of June 30, 2025, the second-largest shareholder is Hong Kong Central Clearing Limited, holding 401,900 shares as a new shareholder [3]

Group 1 - The core viewpoint of the news is that Taihe Co., Ltd. has shown positive financial performance with significant growth in revenue and net profit for the first half of 2025, alongside active trading in its stock [1][2]. - On September 17, 2023, Taihe Co., Ltd. experienced a stock price increase of 0.63% with a trading volume of 109 million yuan, and a net financing purchase of 15.4 million yuan [1]. - As of September 17, 2023, the total balance of margin trading for Taihe Co., Ltd. was 81.58 million yuan, accounting for 7.45% of its circulating market value [1]. Group 2 - For the first half of 2025, Taihe Co., Ltd. achieved an operating income of 2.413 billion yuan, representing a year-on-year growth of 23.15%, and a net profit attributable to shareholders of 182 million yuan, with a year-on-year increase of 72.20% [1]. - The company has distributed a total of 270 million yuan in dividends since its A-share listing [2]. - As of June 30, 2025, Hong Kong Central Clearing Limited became the second-largest circulating shareholder of Taihe Co., Ltd., holding 401,900 shares as a new shareholder [2].

Core Viewpoint - Jiangtian Chemical (300927.SZ) announced that its shareholder Nantong Jiangshan Pesticide Chemical Co., Ltd. (referred to as "Jiangshan Co., Ltd." (600389)) plans to reduce its holdings in the company by a total of no more than 4.3308 million shares, accounting for 3.00% of the company's total share capital, through centralized bidding or block trading from September 29, 2025, to December 28, 2025 [1] Summary by Category - Shareholder Reduction Plan - Jiangshan Co., Ltd. intends to reduce its stake in Jiangtian Chemical by up to 4.3308 million shares [1] - This reduction represents 3.00% of Jiangtian Chemical's total share capital [1] - The planned reduction will occur between September 29, 2025, and December 28, 2025 [1]

Core Viewpoint - Nantong Jiangshan Pesticide Chemical Co., Ltd. is holding a shareholders' meeting to discuss key proposals including a cash dividend distribution and an expansion of its business scope [1][4]. Group 1: Shareholders' Meeting Details - The shareholders' meeting is scheduled for September 11, 2025, at 2:00 PM, and will be held in the company's conference room [2]. - The agenda includes the announcement of the meeting's start, the report on the number of attending shareholders, voting on proposals, and the reading of the meeting resolutions [2][6]. Group 2: Dividend Distribution Proposal - As of June 30, 2025, the company's undistributed profits amount to RMB 2,211,461,512.59, which is unaudited [3]. - The proposed cash dividend is RMB 0.45 per share (before tax), translating to a total dividend payout of 57.25% based on the total share capital of 430,650,000 shares [3][4]. Group 3: Business Scope Expansion - The company plans to expand its business scope to include "ship port services," in addition to its existing operations in chemical pesticides, organic and inorganic chemicals, and other related products [4][5]. - The revision of the company's articles of association will reflect this change, allowing for adjustments based on market conditions and business development needs [5][6].

Group 1 - On August 27, Taihe Co., Ltd. experienced a decline of 2.38% in stock price, with a trading volume of 168 million yuan [1] - The financing data for Taihe on the same day showed a financing purchase amount of 12.67 million yuan and a net financing purchase of 1.58 million yuan, with a total financing and securities balance of 57.41 million yuan [1] - The company’s main business includes the research, production, and sales of pesticide products and functional chemicals, with revenue composition being 43.14% herbicides, 37.30% fungicides, 9.98% functional chemicals, and 9.57% others [1] Group 2 - For the first half of 2025, Taihe Co., Ltd. reported a revenue of 2.41 billion yuan, representing a year-on-year growth of 23.15%, and a net profit attributable to shareholders of 182 million yuan, reflecting a year-on-year increase of 72.20% [1] - Since its A-share listing, Taihe has distributed a total of 180 million yuan in dividends [2] - As of June 30, 2025, Hong Kong Central Clearing Limited was the second-largest circulating shareholder, holding 401,900 shares as a new shareholder [2]

Core Viewpoint - Glyphosate has recently experienced a turnaround after three years of low prices, with a price increase from 22,000 yuan to 26,000 yuan per ton, marking an increase of nearly 20% [2][3]. Group 1: Price and Demand Dynamics - The price of glyphosate has significantly increased compared to the first quarter, driven by low industry inventory, the traditional export season to South America, and strong recovery demand after prolonged low prices [3]. - Glyphosate is primarily used in agricultural applications, accounting for over 90% of demand, with global production capacity at approximately 1.2 million tons annually, of which 380,000 tons are overseas and 810,000 tons are domestic [3]. - Export volume of glyphosate reached 331,000 tons in the first half of the year, a year-on-year increase of 14.2%, with export value at $970 million, up 11.1% year-on-year [3]. Group 2: Supply Chain and Cost Factors - The cost of raw materials, including caustic soda, has risen, with the average price of domestic yellow phosphorus at 23,300 yuan, an increase of 464 yuan compared to the previous year [4]. - There has been no new production capacity added in the glyphosate industry from 2018 to mid-2025, with effective domestic capacity expected to stabilize at around 800,000 tons [4]. - The industry is currently in a low inventory phase, with a significant reduction from 78,900 tons in early May to 30,600 tons by August 1 [5]. Group 3: Future Outlook - Glyphosate prices are expected to continue rising due to strong order intake from major companies and low inventory pressure [5]. - The market demand for glyphosate is anticipated to grow with the expansion of genetically modified crop planting and the banning of alternative herbicides [5]. - The competitive landscape of the industry is likely to improve due to uncertainties surrounding Monsanto's production capacity, potentially increasing market share for domestic leading companies [5].

Financial Performance - For the first half of 2025, the company's operating revenue reached approximately 3.36 billion, an increase from 3.17 billion in the same period last year, representing a growth of about 6.05% [1] - The total profit for the same period was approximately 419 million, up from 217 million year-on-year, indicating a significant increase of about 92.73% [1] - The net profit attributable to shareholders was approximately 338 million, compared to 171 million in the previous year, reflecting a growth of about 96.73% [1] - The net profit after deducting non-recurring gains and losses was approximately 277 million, up from 160 million, marking an increase of about 73.00% [1] - The net cash flow from operating activities was approximately 144 million, a year-on-year increase of about 53.1% [20] Profitability Metrics - The weighted average return on equity for the first half of 2025 was 8.71%, an increase of 4.08 percentage points compared to the previous year [16] - The return on invested capital for the same period was 5.75%, up by 2.38 percentage points year-on-year [16] Asset and Liability Changes - As of the end of the first half of 2025, the company's construction in progress increased by 37.55% compared to the end of the previous year, while inventory decreased by 36.87% [32] - Long-term borrowings increased by 35.02%, while contract liabilities decreased by 78.67% [35] - The company's liquidity ratios were reported as a current ratio of 1.22 and a quick ratio of 1.03 [42] Shareholder Composition - The top ten shareholders as of the end of the first half of 2025 included new entrants such as the National Social Security Fund and various investment funds, indicating a shift in shareholder structure [44] - The largest shareholder, Nantong Industrial Holdings Group, maintained a stable holding of approximately 12.47 million shares, representing about 28.96% of total shares [45] Valuation Metrics - As of the market close on August 25, the company's price-to-earnings ratio (TTM) was approximately 26.6, the price-to-book ratio (LF) was about 2.6, and the price-to-sales ratio (TTM) was around 1.85 [1]