中国化学8月25日披露半年报，公司上半年实现营业收入904.22亿元，同比下降0.21%；归属于上市公司 股东的净利润31.02亿元，上年同期28.39亿元，同比增长9.26%；基本每股收益0.51元。 ...

中国化学(601117.SH)公告称，公司发布2025年半年度报告，公司上半年实现营业收入904.22亿元，同比 减少0.21%；实现归属于上市公司股东的净利润31.02亿元，同比增长9.26%。公司拟以实施权益分派股 权登记日登记的总股本为基数，每10股分配现金股利1.0元（含税）。 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Viewpoints - The company reported a revenue of 1.249 billion yuan for the first half of 2025, representing a year-on-year growth of 21.81%. The net profit attributable to shareholders was 120 million yuan, up 42.54% year-on-year, and the net profit excluding non-recurring items was also 120 million yuan, reflecting a growth of 46.32% [2][6]. - In Q2 2025, the company achieved a revenue of 701 million yuan, which is a 38.48% increase year-on-year and a 28.02% increase quarter-on-quarter. The net profit for this quarter was 69 million yuan, showing a remarkable year-on-year growth of 156.22% and a quarter-on-quarter growth of 33.53% [2][6]. Summary by Sections Financial Performance - For the first half of 2025, the company achieved total revenue of 1.249 billion yuan, with a year-on-year increase of 21.81%. The net profit attributable to the parent company was 120 million yuan, up 42.54% year-on-year, and the net profit excluding non-recurring items was also 120 million yuan, reflecting a growth of 46.32% [2][6]. - In Q2 2025, the company reported revenue of 701 million yuan, a year-on-year increase of 38.48% and a quarter-on-quarter increase of 28.02%. The net profit for this quarter was 69 million yuan, with a year-on-year growth of 156.22% and a quarter-on-quarter growth of 33.53% [2][6]. Business Development - The company is recognized as a leader in sulfur recovery technology, having completed the design and total contracting of 245 sulfur recovery units, with a total capacity of 13.166 million tons per year, making it the company with the most sulfur recovery units designed and contracted in China [11]. - The company is actively advancing coal chemical projects and refining transformation projects, supported by national and local policies aimed at enhancing the efficiency and cleanliness of coal gasification processes [11]. - The company is the largest producer of n-propanol in China and is expanding its product offerings in aldehydes and alcohols, ensuring production stability and profitability through flexible production processes [11]. Future Outlook - The company expects to see a significant increase in net profit attributable to shareholders, projecting 360 million yuan for 2025, 430 million yuan for 2026, and 580 million yuan for 2027. The corresponding price-to-earnings ratios are estimated to be 16.3X, 13.8X, and 10.2X respectively [11].

三维化学所属申万行业为：建筑装饰-专业工程-化学工程。所属概念板块包括：垃圾分类、氢能源、节 能环保、太阳能、光热发电等。 截至6月30日，三维化学股东户数4.25万，较上期减少17.75%；人均流通股14790股，较上期增加 21.58%。2025年1月-6月，三维化学实现营业收入12.49亿元，同比增长21.81%；归母净利润1.20亿元， 同比增长42.54%。 分红方面，三维化学A股上市后累计派现12.26亿元。近三年，累计派现6.16亿元。 机构持仓方面，截止2025年6月30日，三维化学十大流通股东中，红利低波（512890）位居第二大流通 股东，持股2783.88万股，持股数量较上期不变。创金合信中证红利低波动指数A（005561）位居第六大 流通股东，持股773.73万股，相比上期减少17.06万股。易方达中证红利低波动ETF（563020）位居第八 大流通股东，持股416.95万股，为新进股东。 责任编辑：小浪快报 8月25日，三维化学盘中上涨2.21%，截至13:33，报9.23元/股，成交1.82亿元，换手率3.17%，总市值 59.89亿元。 资金流向方面，主力资金净流出925.28万 ...

Group 1 - The core viewpoint of the article highlights the recent research conducted by the well-known private equity firm Qushi Asset on a listed company, Sanwei Chemical, which has shown significant growth in revenue and profit in the first half of 2025 [1] - Sanwei Chemical achieved an operating revenue of 1.24881 billion yuan, representing a year-on-year increase of 21.81%, and a net profit attributable to shareholders of 120.36 million yuan, up 42.54% year-on-year [1] - The company has signed uncompleted orders amounting to 1.62946 billion yuan in its engineering business and is focusing on flexible production models and technological upgrades in its chemical operations [1] Group 2 - Sanwei Chemical's profit distribution plan for the first half of 2025 includes a cash dividend of 1.00 yuan per 10 shares, totaling 64.89 million yuan [1] - The company is financially robust and plans to optimize existing operations while actively expanding into downstream fine chemicals and exploring external growth opportunities [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 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：● ● 会议召开时间：2025年8月26日（星期二）14:30-15:30 ● 会议召开地点：价值在线（www.ir-online.cn） ● 会议召开方式：网络互动方式 ● 会议问题征集：投资者可于2025年8月26日前访问网址 https://eseb.cn/1qG7vy5rZ6w或使用微信扫描下 方小程序码进行会前提问，公司将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问 题进行回答。 ■ 一、说明会类型 中国化学工程股份有限公司（以下简称"公司"）将于2025年8月26日在上海证券交易所网站 （www.sse.com.cn）披露《中国化学2025年半年度报告全文》及《中国化学2025年半年度报告摘要》。 为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定于2025年8月26日（星 期二）14:30-15:30在"价值在线"（www.ir-online.cn）举办中国化学工程股 ...

Core Viewpoint - The financial performance of Sanwei Chemical (002469) for the first half of 2025 shows significant growth in revenue and net profit, indicating improved profitability and operational efficiency [1]. Financial Performance Summary - Total revenue reached 1.249 billion yuan, a year-on-year increase of 21.81% [1]. - Net profit attributable to shareholders was 120 million yuan, up 42.54% year-on-year [1]. - In Q2 2025, total revenue was 701 million yuan, reflecting a 38.48% increase compared to the same quarter last year [1]. - Q2 net profit attributable to shareholders was approximately 68.82 million yuan, marking a substantial increase of 156.22% year-on-year [1]. - Gross margin improved to 19.94%, an increase of 4.68% year-on-year, while net margin rose to 9.51%, up 17.16% year-on-year [1]. Cost and Expense Analysis - Total selling, administrative, and financial expenses amounted to 75.67 million yuan, accounting for 6.06% of revenue, a decrease of 10.32% year-on-year [1]. - The company reported a significant increase in operating costs, with a 20.47% rise attributed to the growth in engineering contracting business [2]. Cash Flow and Asset Management - Operating cash flow per share decreased to 0.03 yuan, down 84.48% year-on-year, primarily due to increased bank acceptance bill settlements [1][3]. - Investment cash flow net increased by 178.94%, driven by the recovery of large time deposits and structured deposits [4]. - Financing cash flow net decreased by 75.64%, influenced by dividend distributions and the repayment of short-term borrowings [4]. Investment and Market Position - The company's return on invested capital (ROIC) was reported at 8.55%, indicating average capital returns [4]. - Analysts project a performance of 344 million yuan for 2025, with an average earnings per share estimate of 0.53 yuan [4]. Fund Holdings - Notable funds holding Sanwei Chemical shares include Huaxia Zhaoxin Hongrui Mixed A, which has recently entered the top ten holdings with 1.3285 million shares [5]. - The fund has shown a significant increase in value, with a 100.99% rise over the past year [5].

Summary of 3D Chemical Conference Call Company Overview - **Company**: 3D Chemical - **Industry**: Chemical Engineering Key Financial Metrics - **Revenue**: 1.248 billion CNY, up 21.8% year-on-year [2][5] - **Net Profit**: Approximately 120 million CNY, up 46% year-on-year [2][5] - **Net Cash Flow**: Decreased by 84% to over 20 million CNY due to increased bank acceptance bill settlements [2][5] - **Cash Reserves**: Approximately 1.8 billion CNY, with a debt ratio below 18% [2][5] - **Interim Dividend**: 0.1 CNY per share, totaling over 60 million CNY [2][5] Project Developments - **New Contracts**: Over 1 billion CNY in new projects signed, including coal chemical design and general contracting projects in Xinjiang and design fees for Qilu Petrochemical [2][6] - **Potential Orders**: Focus on coal-to-oil and coal-to-olefins projects led by national energy companies, as well as local coal chemical projects [2][6][11] Chemical Sector Performance - **Zibo Nuoao Company**: Profit decreased by 20% to over 70 million CNY due to average product performance, despite benefiting from rising propanol prices [2][7] - **Cellulose Project**: Phase one of the isooctanoic acid project is underway, aiming to increase pilot production capacity to 700-800 tons annually [2][8] Catalyst Business - **Revenue**: Approximately 60-70 million CNY with a profit contribution of 4-5 million CNY in the first half of the year [2][9] - **Annual Revenue Projection**: Expected to reach around 200 million CNY with a profit of about 15 million CNY [2][9] Future Strategy and Capital Expenditure - **Capital Expenditure**: Expected to be around 200 million CNY for new projects, with a focus on high annual profit distribution to investors [2][10] - **Client Selection Strategy**: Emphasis on payment security, primarily targeting large state-owned enterprises to minimize accounts receivable risk [2][18] Competitive Advantages - **Technical Edge**: Leading technology in sulfur recovery with a purity of 99.99% and a recovery rate of 99.9% [2][19] - **Market Reputation**: Strong past performance and reputation in the market [2][19] Future Growth and Dividends - **Dividend Policy**: Clear three-year dividend plan with a target payout ratio of over 70% [2][17] - **Market Expansion**: Interest in niche new materials, particularly in cosmetics, with acquisition standards focusing on synergistic small domestic leaders [2][20] Additional Insights - **Sulfur Recovery Business**: Core business with significant contributions to revenue and profit, having completed 245 sets of sulfur recovery equipment [2][3] - **Environmental Projects**: Engagement in various environmental projects, including air storage and lava storage initiatives [2][13] - **R&D Initiatives**: Development of hydrogen sulfide electrochemical separation technology, which could lead to significant breakthroughs [2][14]

Group 1 - The company announced that its sixth supervisory board held its third meeting of 2025, where several resolutions were approved, including the 2025 semi-annual report and summary [2]

Core Insights - The company, Sanwei Chemical, reported a significant increase in revenue and net profit for the first half of 2025, indicating strong financial performance [1] Financial Performance - The company achieved a revenue of 1,248,810,918.74 yuan, representing a year-on-year growth of 21.81% [1] - The net profit attributable to shareholders reached 120,355,258.82 yuan, marking a year-on-year increase of 42.54% [1]