9月30日，三维化学涨0.11%，成交额6193.49万元。两融数据显示，当日三维化学获融资买入额554.66 万元，融资偿还1541.13万元，融资净买入-986.47万元。截至9月30日，三维化学融资融券余额合计2.15 亿元。 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12.91亿元。近三年，累计派现6.81亿元。 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 融资方面，三维化学当日融资买入554.66万元。当前融资余额2.15 ...

Summary of 3D Chemical Conference Call Company Overview - **Company**: 3D Chemical - **Industry**: Chemical Engineering, specifically in sulfur recovery and chemical products Key Points and Arguments 1. **Market Position**: 3D Chemical holds a leading position in the sulfur recovery engineering sector, having completed over 250 installations, particularly in the petrochemical and coal chemical industries [2][4][6] 2. **Financial Performance**: In the first half of 2025, the company reported revenues of approximately 12.5 billion yuan and a net profit of about 1.2 billion yuan, reflecting a year-on-year profit growth of over 40% [4][20] 3. **Revenue Breakdown**: - **Sulfur Recovery**: Generated around 5 billion yuan in revenue with a profit of about 50 million yuan [2][4] - **Chemical Products**: The chemical segment, primarily through the Zibo Nuoao facilities, achieved revenues of approximately 7 billion yuan, with profits ranging from 60 million to 70 million yuan [2][4] - **Catalyst Segment**: Smaller scale, with revenues of 200 to 300 million yuan and profits between 10 million to 20 million yuan [2][4] 4. **Future Growth**: The company has a backlog of orders exceeding 16 billion yuan, with new contracts signed this year surpassing 1 billion yuan, ensuring business growth for the next three to five years [2][5][6] 5. **New Projects**: The company is advancing projects in acetic acid cellulose and related products, with high-margin products expected to enhance profitability by the end of next year [2][5][8] 6. **Investment Strategy**: Plans to maintain a dividend payout ratio of over 70% and no major capital expenditures in the next three years, focusing instead on potential acquisitions for growth [2][18] 7. **Technological Development**: Currently testing hydrogen sulfide electrocatalytic separation technology, which could revolutionize the sulfur recovery industry [3][19] 8. **Profit Margins**: The profit margin for ongoing projects is gradually improving, with expectations of reaching over 15% as revenue recognition increases [9] 9. **Order Contributions**: The Xinjiang coal chemical sector contributed over 30% of new orders this year, amounting to approximately 4 billion yuan [10][12] 10. **Project Profitability**: Design projects are expected to yield profit margins of 40% to 50%, while construction projects are estimated at 20% to 25% [13] Additional Important Information - **Market Demand**: The domestic demand for acetic cellulose is significant, with a market capacity of around 600,000 to 700,000 tons, and the company aims to capture a portion of this market with its new production lines [16][17] - **Stock Incentives**: The company is considering a stock incentive plan to align management interests with shareholder value, although practical implementation details are still being worked out [21]

分红方面，三维化学A股上市后累计派现12.91亿元。近三年，累计派现6.81亿元。 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。 融资方面，三维化学当日融资买入1513.40万元。当前融资余额2.26亿元，占流通市值的3.93%，融资余 额低于近一年30%分位水平，处于低位。 融券方面，三维化学9月24日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元，低于近一年40%分位水平，处于较低位。 资料显示，山东三维化学集团股份有限公司位于山东省淄博市临淄区炼厂中路22号，成立日期1994年11 月18日，上市日期2010年9月8日，公司主营业务涉及工程设计及工程总承包;催化剂的生产及销售。主 营业务收入构成为：醛醇酸酯类47. ...

Summary of China Chemical Engineering Group Conference Call Company Overview - **Company**: China Chemical Engineering Group - **Industry**: Chemical Engineering and Industrial Engineering Solutions - **Focus**: Comprehensive industrial engineering solutions and high-end chemical products, with infrastructure business expected to account for over 80% of revenue in 2024, and new materials around 11% [2][5] Key Financial Highlights - **R&D Investment**: Continuous growth in R&D investment, with R&D expenses reaching 6.534 billion yuan in 2024, maintaining a rate above 3% [2][6] - **Financial Health**: Strong financial statements with no PPP business drag, positive operating cash flow, and a low interest-bearing debt ratio of 6.41% [2][9] - **Cash Position**: Cash assets exceed interest-bearing liabilities, with total cash assets of 21.975 billion yuan compared to 15.238 billion yuan in liabilities [9][26] Market Position and Strategy - **Market Share**: Leading position in domestic coal chemical design and engineering, with a market share of 90% in coal project design and over 80% in coal project engineering [10] - **International Presence**: Significant growth in overseas business, with foreign revenue accounting for nearly 25% in 2024, and new contracts increasing by 12.63% [13][16] - **Strategic Focus**: Aiming to strengthen traditional business while expanding into new materials, with a target of 15% annual compound profit growth over the next five years [4][7] Industry Dynamics - **Chemical Industry Trends**: The domestic chemical industry is experiencing a downturn, but supportive policies and developments in Xinjiang's coal chemical sector present opportunities, potentially generating over 100 billion yuan in annual orders [14][15] - **Impact of Xinjiang Projects**: Anticipated construction peak in Xinjiang's coal chemical projects could significantly benefit the company, especially with upcoming government meetings [15] R&D and Innovation - **Technological Advancements**: Successful development of self-sufficient hexamethylenediamine (HMDA) production, crucial for nylon 66, with production capacity reaching 85% [12] - **Project Pipeline**: Multiple experimental projects in the pipeline aimed at overcoming technological barriers and enhancing competitiveness [11] Financial Performance Metrics - **Revenue Growth**: Revenue compound annual growth rate (CAGR) of 12.72% from 2015 to 2024, with a slight decline of 0.35% in the first half of 2025 [19] - **Profitability**: Net profit growth of 4.82% in 2024, with a target of at least 10% growth in 2025 [21] - **Valuation**: Current PB ratio of 0.7 and PE ratio of 7.6 indicate the company is undervalued, with significant potential for valuation improvement [28] Conclusion - **Future Outlook**: The company is well-positioned for growth with a strong financial foundation, strategic focus on high-value sectors, and favorable market conditions in both domestic and international arenas [27][29]

据了解，随着页岩气革命和"双碳"目标的推进，低碳烷烃脱氢技术已成为定向生产烯烃的主流路线。新 疆页岩气储量丰富，该技术的发展对当地资源开发和产业升级尤为重要。 记者近日从中国石油大学（北京）克拉玛依校区（以下简称中石大克校区）获悉，该校工学院刘坚、宋 卫余团队联合西班牙瓦伦西亚理工大学团队，在低碳烷烃脱氢研究领域取得重大突破。相关研究成果近 期发表于国际顶级期刊《美国化学会志》上，为新疆烯烃生产提供了一条新型低碳路线，有望推动当地 能源化工产业的绿色可持续发展。 此次研究中，中石大克校区为第一完成单位。研究创新性地揭示了一种气氛诱导活化策略，通过精准调 控高硅Co-ZSM-5催化剂中Co位点的微环境，使得乙烷脱氢反应的初始转化率提高了三倍，且展现出优 异的再生稳定性。研究团队利用原位光谱和元动力学模拟发现，0.50Co-Z5(340)中的Co²⁺位点会从骨架 中脱离，并向邻近的Brønsted酸位点迁移，从而形成骨架关联的低价Coᵟ⁺物种。 中石大克校区相关负责人表示，此次论文的发表，标志着该校在低碳烷烃脱氢领域的研究成果获得国际 顶尖学术认可。（梁乐 叶兴隆 罗佳庆） 责任编辑：江蓬新 机理研究进一步表明， ...

长江商报消息 ●长江商报记者 潘瑞冬 作为石油和化学工业工程领域的"国家队"，中国化学（601117.SH）订单收获颇丰。 近日，中国化学公告称，公司2025年1—8月新签合同额2563.39亿元，其中境内合同额2060.48亿元，境 外合同额502.91亿元。 业绩方面，2025年上半年，中国化学归母净利润同比增长9.26%，达31.02亿元。长江商报记者注意到， 此前七年，即2018年至2024年，中国化学的营业收入和归母净利润连续七年实现双增，加上2025年上半 年，这七年半，公司累计实现归母净利润329.16亿元。 境内订单增长6.52% 净利稳健增长 中国化学是我国石油和化学工业体系建设的"国家队"，在基础化工、石油化工、煤化工上具备领先优 势。公司在全球完成工程项目7万多个，业务遍布全球80多个国家和地区，位居全球油气服务领域第 一。 1953年成立至今，中国化学承担了我国90%的化工项目、70%的石油化工项目。目前，化学工程业务依 然是公司传统的核心业务，也是收入和利润的主要来源。 近年来，中国化学的业绩稳步增长。同花顺数据显示，2017年，中国化学的营业收入和归母净利润分别 为585.71亿元 ...

Investment Rating - The report maintains a "Positive" investment rating for the construction and engineering industry [12] Core Insights - The report highlights the strategic importance of Xinjiang as a key area for investment and development, particularly in infrastructure projects, due to its geographical advantages and government support [6][8] - Significant infrastructure projects are set to accelerate in Xinjiang, including the China-Kyrgyzstan-Uzbekistan railway and coal chemical projects, which are expected to create investment opportunities for related companies [7][10] - The report emphasizes the transition of Xinjiang from a coal base to a coal chemical base, with substantial capacity and project approvals in the coal chemical sector [8] Summary by Sections Government Policy and Strategic Importance - The State Council's white paper on Xinjiang outlines a new strategy for development, emphasizing the region's role in the Belt and Road Initiative and its importance in national energy security [2][6] - Xinjiang is positioned as a critical hub connecting mainland China with European economies, benefiting from favorable policies and funding [6] Major Projects and Investment Opportunities - The report identifies several major projects, including the China-Kyrgyzstan-Uzbekistan railway, which is set to begin construction with an investment of approximately 8 billion USD [9] - The report notes that Xinjiang's coal chemical projects are advancing, with a total investment of 700-800 billion CNY and multiple projects receiving environmental approvals [8] Company Focus and Order Release - Companies such as China Chemical and China Railway Construction are expected to benefit from increased orders due to the acceleration of infrastructure projects in Xinjiang [10] - The report highlights the strong technical capabilities of China Chemical in the coal chemical sector, which is likely to enhance its order flow and performance [10]

中国化学工程股份有限公司 关于经营情况简报的公告 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。 现将公司 2025 年 1—8 月主要经营情况公布如下，供各位投 资者参阅。 证券代码：601117 股票简称：中国化学 公告编号：临 2025-047 | 序 号 | 单位名称 | 项目合同名称 | 合同金额 | | --- | --- | --- | --- | | 1 | 中国五环工程有 | 赞比亚中大化工 30 万吨/年 MAP 项目 | 约 14.20 | | | 限公司 | 总承包合同 | （折合人民币） | | | 中化二建集团有 | 新疆中鑫环泰能源有限公司 260 万吨 焦炭/年煤焦化多联产（焦化+化产深加 | | | 2 | 限公司 | 工）项目采购、施工（PC）总承包合 | 9.86 | | | | 同 | | | | 中国化学工程第 | 安徽科磊镁业有限公司年产 20 万吨镁 | | | 3 | 三建设有限公司 | 合金板材项目设备采购安装施工总承 | 9.00 | | | | 包 | | | | 中国化 ...

Group 1 - The core point of the article is that China Chemical (601117.SH) announced its construction engineering contracting business contract amount for the first eight months, totaling 246.449 billion yuan, with the chemical engineering contract amount being 203.499 billion yuan [1]

中国化学（601117）(601117.SH)发布公告，公司1-8月建筑工程承包业务合同金额2464.49亿元，其中化 学工程合同金额2034.99亿元。 ...