证券代码：300801 证券简称：泰和科技 山东泰和科技股份有限公司 2025 年 7 月 9 日投资者关系活动记录表 编号：2025-004 投资者关 系活动类 别 特定对象调研 分析师会议 媒体采访 业绩说明会 新闻发布会 路演活动 现场参观 其他 参与单位 名称及人 员姓名 西部证券：孙维容 时间 2025 年 7 月 9 日 10:00-12:00 地点 山东省枣庄市市中区十里泉东路 1 号泰和科技 会议室 上市公司 接待人员 姓名 1、董事长、总工程师：程终发 2、董事、总经理、董事会秘书：姚 娅 投资者关 系活动主 要内容介 绍 本次调研不涉及应披露的重大信息。 调研问题回复： 1、公司的连续化生产是指？它的优势是什么？ 回复：连续化生产是指通过连续化、成套化、自动化、规模化 的精细化工产品生产设备及工艺，实现连续进料、连续出料，并非 24 小时不停工生产。间歇式生产是指间歇性投料，生产完毕后，将 釜内物料放出，再投下一釜进行生产。相比间歇式生产，连续化生 产的优势是安全、投资小、产品质量稳定、用人少。目前泰和科技 的生产车间已实现连续化、自动化、无人化生产。 2、公司自产上游原料三氯化磷，产能规 ...

证券代码：300801 证券简称：泰和科技 | | 回复：目前三氯化磷已实现全自供，年产能为 | | | 24 万吨。 | | --- | --- | --- | --- | --- | | | 4、公司产品如何定价？ | | | | | | 回复：公司产品定价是结合原材料价格波动、产品市场竞争情 | | | | | | 况、公司经营策略等多方面因素进行决策的。 | | | | | | 5、公司出口占比较大，主要出口地区有哪些？美国关税对公司 | | | | | | 影响大吗？ | | | | | | 回复：公司产品主要出口欧洲、美洲、中东、亚太等地区。泰 | | | | | | 和科技的大部分产品在美国官方公布的豁免清单中，因此新关税政 | | | | | | 策出来后，对泰和科技的经营影响不大。 | | | | | | 6、硫化锂工艺路线如何？主要难点是什么？目前进展如何？ | | | | | | 回复：公司采用固相法工艺路线，用炉子烧，质量比较好控制。 | | | | | | 工艺流程中不仅要忌水、忌潮气，也要考虑炉子材质，既要耐高温、 | | | | | | 又要耐腐蚀，材料选择比较困难，但现在已经解 ...

Core Viewpoint - Yangmei Chemical is under investigation by the China Securities Regulatory Commission (CSRC) for allegedly failing to disclose non-operating fund transactions as required by law [2][3]. Group 1: Investigation Details - Yangmei Chemical received a notice from the CSRC regarding the investigation due to suspected non-disclosure of non-operating fund transactions [2]. - The investigation is linked to its former controlling shareholder, Huayang Group, which allegedly occupied funds from Yangmei Chemical in 2021 [3]. - Yangmei Chemical has stated that all involved funds have been returned and that it has not yet received a conclusive opinion from the CSRC regarding the investigation [3][4]. Group 2: Financial Performance - Yangmei Chemical has reported significant financial losses, with projected revenues of 13.62 billion yuan and 10.89 billion yuan for 2023 and 2024, respectively, representing year-on-year declines of 20.05% and 20.01% [6]. - The company is expected to incur net losses of 1.366 billion yuan and 681 million yuan for the same years, with a total loss of 2.047 billion yuan over two years [6]. - The first quarter of 2025 also shows a revenue decline of 15.11% with a net loss of 140 million yuan [6]. Group 3: Strategic Transition - Yangmei Chemical is seeking to transform its business model by accelerating smart manufacturing and expanding into the hydrogen energy sector [7]. - In December 2024, Huayang Group transferred 24.19% of its shares in Yangmei Chemical to Shanxi Lu'an Chemical, which is expected to enhance the company's strategic transformation [7]. - The hydrogen energy market is viewed positively for its future growth potential, despite current profitability challenges in the sector [7][8].

Core Viewpoint - Yangmei Chemical (600691.SH) and its former controlling shareholder Huayang New Materials Technology Group have been investigated by the China Securities Regulatory Commission (CSRC) for failing to disclose non-operating fund transactions as required [2][3] Group 1: Investigation and Company Response - On June 25, both Yangmei Chemical and Huayang New Materials received a notice of investigation from the CSRC due to suspected non-disclosure of non-operating fund transactions [2] - Yangmei Chemical stated that it will actively cooperate with the CSRC during the investigation and will adhere to relevant laws and regulations regarding information disclosure [3] - A representative from Yangmei Chemical confirmed that the involved funds have been fully returned and that the company's production and business activities are normal [3] Group 2: Company Performance and Financial Data - Yangmei Chemical has experienced poor financial performance in recent years, with a revenue of 17.036 billion yuan in 2022, a year-on-year decrease of 9.08%, and a net profit of 70.07 million yuan, down 83.80% [4] - In 2023, the company's revenue further declined to 13.621 billion yuan, a 20.05% decrease, resulting in a net loss of 1.366 billion yuan compared to a profit of 70.07 million yuan in the previous year [4] - The decline in performance was attributed to a deteriorating market environment, leading to significant price drops in key products such as PVC, caustic soda, and phosphorus trichloride, along with substantial asset impairments from subsidiary operations [4] - In 2024, Yangmei Chemical reported revenue of 10.895 billion yuan, a 20.01% decrease, and a net loss of 681 million yuan, although the loss narrowed by 50.15% year-on-year [4] - The company has implemented strategic adjustments focusing on core operations, technology upgrades, production optimization, cost reduction, and debt restructuring to mitigate losses [4] Group 3: Recent Quarterly Performance - In the first quarter of 2025, Yangmei Chemical's revenue was 2.34 billion yuan, down 15.11% from 2.757 billion yuan in the same period last year [6] - The net loss for the first quarter of 2025 was 140 million yuan, representing a year-on-year increase in losses of 273.54% [6] - The decline in revenue and profit was primarily due to falling prices in the chemical product market [6]

Core Viewpoint - Yangmei Chemical is under investigation by the regulatory authority due to the former controlling shareholder's fund occupation issue, which has led to significant financial losses and a strategic shift towards transformation [1][3][5]. Financial Performance - Yangmei Chemical has experienced continuous revenue decline since 2022, with projected total losses exceeding 2 billion yuan for 2023 and 2024 [1][6]. - The company's revenue figures for 2022, 2023, and 2024 are 17.036 billion yuan, 13.621 billion yuan, and 10.895 billion yuan, reflecting year-on-year decreases of 9.08%, 20.05%, and 20.01% respectively [5][6]. - The net profit attributable to shareholders for the same years shows a drastic drop from 70 million yuan in 2022 to losses of 1.366 billion yuan in 2023 and 681 million yuan in 2024 [5][6]. Corporate Restructuring - Yangmei Chemical is actively pursuing industrial transformation, with a new controlling shareholder, Lu'an Chemical, set to take over in December 2024 [2][6]. - The company announced a name change to Shanxi Lu'an Chemical Technology Co., Ltd., signaling a strategic shift under new management [2][7]. - The company is focusing on optimizing its industrial layout and has made advancements in hydrogen energy technology, including the development of a green methanol synthesis device [6][7]. Market Context - The chemical industry has faced challenges due to insufficient effective demand and price volatility of raw materials, impacting Yangmei Chemical's product pricing and overall performance [5][6]. - The global demand for clean energy is rising, positioning hydrogen energy as a promising market opportunity for Yangmei Chemical [6][7].

证券代码：600691 证券简称：阳煤化工 公告编号：临 2025-020 阳煤化工股份有限公司 关于 2025 年第一季度主要经营数据的公告 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个别及连带责任。 根据《上海证券交易所上市公司自律监管指引第3号--行业信息披露》和《关 于做好主板上市公司2025年第一季度报告披露工作的重要提醒》的要求，阳煤 化工股份有限公司（以下简称"公司"）现将2025年第一季度主要经营数据披 露如下： 备注：表中销售收入为不含税收入。 二、主要产品和原材料的价格变动情况 公司化工产品均为市场价格公开的成熟产品，销售价格变动趋势与市场价 格变动趋势一致。具体情况如下： 主要产品 销售收入 生产量 销售量 2025 年 1-3 月（万元） 2025 年 1-3 月（万吨） 2025 年 1-3 月（万吨） 尿素 55,353.45 38.04 37.32 聚氯乙烯 27,025.62 6.43 6.28 丙烯 24,753.81 4.07 4.07 烧碱 22,598.14 9.61 9.37 三氯化磷 8, ...

登录新浪财经APP 搜索【信披】查看更多考评等级 公司代码：600691 公司简称：阳煤化工 第一节 重要提示 1、本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到http://www.sse.com.cn网站仔细阅读年度报告全文。 2、本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、完整 性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 3、公司全体董事出席董事会会议。 4、信永中和会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 5、董事会决议通过的本报告期利润分配预案或公积金转增股本预案 报告期内，公司所处化工行业景气度不及预期。在世界经济通胀、地缘政治动荡、国际贸易冲突加剧等 复杂国际政治经济环境下，国内经济增速平缓，预期减弱、有效消费需求不足。受大宗原材料价格大幅 波动、行业竞争加剧及下游需求不足影响，公司部分主要产品售价出现明显下滑。具体行业情况分析详 见"《公司2024年年度报告》第三节 管理层讨论与分析之五、（四）行业经营性信息分析"的相关内 容。 （一）公司的主要业务 ...