渤海化学(600800.SH)发布2025年年度业绩预亏公告，预计2025年年度实现归属于上市公司股东的净利 润约为-66,500万元到-63,200万元。扣除非经常性损益事项后，预计2025年年度实现归属于上市公司股 东的净利润约为-79,900万元到-75,900万元。 2025年受宏观化工行业周期影响，PDH行业仍面临产能过剩与需求疲软的双重困境，特别是叠加丙烷进 口关税税率影响，推高原料端采购成本，运营压力剧增。 ...

Core Viewpoint - Bohai Chemical expects a net profit attributable to shareholders of approximately a loss of 665 million to 632 million yuan for the year 2025, indicating significant financial challenges ahead [1] Industry Summary - The macro chemical industry cycle is impacting the PDH (Propane Dehydrogenation) sector, which is facing a dual challenge of overcapacity and weak demand in 2025 [1] - The increase in import tariffs on propane is raising raw material procurement costs, leading to heightened operational pressure for companies in the industry [1]

Group 1 - The company, Bohai Chemical (600800), expects a net profit attributable to shareholders of approximately -380 million to -340 million yuan for the first half of 2025 [1] - After excluding non-recurring gains and losses, the expected net profit attributable to shareholders is around -378 million to -338 million yuan for the same period [1] - The chemical industry is facing a dual challenge of overcapacity and weak demand in the first half of 2025, particularly affecting the PDH sector [1] Group 2 - The market supply-demand imbalance, combined with the impact of propane import tariffs, is increasing the company's raw material procurement costs [1] - The operational pressure on the company is significantly rising due to these challenges in the industry [1]