证券代码：002753 证券简称：永东股份 山西永东化工股份有限公司投资者关系活动记录表 编号：2025-006 | 投资者关系活动 | □特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 √其他 （电话会议） | | 参与单位名称及 | 山西证券李旋坤、王金源；国海富兰克林基金周艺佳；高腾国 | | 人员姓名 | 际吕栋；宝盈基金管理有限公司郑熊婧；博时基金管理有限公 | | | 司范卓宇；银华基金管理股份有限公司刘宇尘；长信基金管理 | | | 有限责任公司宁发俊 | | 时间 | 2025 年 11 月 24 日 15:30-16:00 | | 地点 | 公司研发楼三楼会议室 | | 上市公司接待人 | 董事会秘书张巍女士、财务总监陈梦喜先生、证券部陈翔先生。 | | 员姓名 | 在本次调研活动中，主要沟通内容简述如下： | | | 1、蒽油项目目前进展情况 | | | 公司 2024 年度向特定对象发行 A 股股票募投项目为"2 | | | ×10 万吨年蒽油深加工项目"及"补充流动资金"， ...

Core Viewpoint - Yongdong Co., Ltd. has received approval from the China Securities Regulatory Commission (CSRC) for a specific stock issuance, aiming to raise up to 365 million yuan for a deep processing project and working capital [1][3]. Group 1: Trading Information - As of October 23, 2025, Yongdong Co., Ltd. closed at 7.27 yuan, up 1.11%, with a turnover rate of 2.49% and a trading volume of 60,400 shares, amounting to a transaction value of 43.69 million yuan [1]. - On the same day, the net outflow of main funds was 570,300 yuan, while retail investors saw a net inflow of 4.1351 million yuan [1][3]. Group 2: Company Announcements - Yongdong Co., Ltd. has received the CSRC's approval for the registration of a specific stock issuance, which is valid for 12 months from the date of approval [1]. - The company plans to raise a total of up to 365 million yuan through this issuance, which will be used for a 2×100,000 tons/year anthracene oil deep processing project and to supplement working capital [1]. - The project is expected to achieve an annual production capacity of 190,000 tons of decrystallized anthracene oil, 5,000 tons of anthraquinone, and 2,000 tons of carbazole, enhancing the self-sufficiency of high-end carbon black raw materials and extending the fine processing industry chain of coal tar [1].

Core Viewpoint - Yongdong Co., Ltd. has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific targets, aiming to raise no more than 365 million yuan for a deep processing project of coal tar and to supplement working capital, marking a significant step in the company's strategy for extending and upgrading its coal tar deep processing industry chain [1][2]. Group 1 - The core project, "2×100,000 tons/year anthracene oil deep processing project," has a total investment of 266 million yuan and is expected to produce 190,000 tons of decrystallized anthracene oil, 5,000 tons of anthraquinone, and 2,000 tons of carbazole annually [1]. - Decrystallized anthracene oil will serve as a key raw material for producing high-end carbon black, enabling the company to achieve self-sufficiency in critical raw materials and mitigate quality fluctuations from external sourcing, which is expected to lower procurement costs and enhance product quality stability [1][2]. - Anthraquinone and carbazole are high-value fine chemical products that will open new profit growth points for the company [1]. Group 2 - The project has three core advantages: first, it strengthens the synergy of the industrial chain by creating a complete circular model of "coal tar processing + carbon black production + flue gas power generation + fine chemical new materials," further enhancing the industrial closed loop [2]. - Second, it accelerates the transformation towards high-end products, as the new project will provide quality raw materials to support the increase in the proportion of specialty carbon black, aiding entry into high-end markets such as green tires [2]. - Third, it practices the concept of green development by employing advanced environmental protection technologies, achieving flue gas incineration treatment and zero wastewater discharge, aligning with the "dual carbon" policy direction [2]. Group 3 - As a leading enterprise in the coal tar deep processing field, this capital increase will further solidify the company's industrial advantages, while the supplementation of working capital will optimize its capital structure and enhance risk resistance [2]. - The implementation of the project is expected to consolidate the company's market share in the mid-to-high-end carbon black sector and promote the realization of the "circular economy green development" concept [2]. - With the new project coming online and the release of specialty carbon black production capacity, Yongdong Co., Ltd. is anticipated to enhance its core competitiveness and profitability under the dual drive of raw material self-control and product structure upgrading [2].

Core Viewpoint - Shanxi Yongdong Chemical Co., Ltd. has responded to the Shenzhen Stock Exchange's inquiry regarding its compliance in hazardous chemical production and the progress of its fundraising projects, confirming its adherence to safety regulations and the advancement of its 2×100,000 tons/year anthracene oil deep processing project [1][2][6] Compliance and Safety Management - The company has established a comprehensive safety management system and has obtained necessary certifications, including safety production licenses and hazardous chemical registration certificates, ensuring compliance with relevant laws and regulations [1][2] - Since January 1, 2022, the company has not experienced any hazardous chemical safety incidents and has not faced investigations or administrative penalties [1][2] Project Progress and Implementation - The 2×100,000 tons/year anthracene oil deep processing project has received all necessary approvals, including energy-saving and environmental impact assessments, with a production capacity expected to reach 190,000 tons of decrystallized anthracene oil, 5,000 tons of anthraquinone, and 2,000 tons of carbazole annually [2][3] - The project is set to commence construction in March 2025, with some equipment already ordered, and does not require a new energy-saving review [3] Technical and Market Viability - The production technologies for decrystallized anthracene oil and carbazole are compatible with existing production processes, and the company has mastered the core technology for anthraquinone production [3] - The company has established connections with potential customers for carbazole and anthraquinone, indicating a feasible sales outlook [3] Cost Efficiency and Strategic Fit - The in-house production of decrystallized anthracene oil is expected to reduce costs compared to purchasing from external suppliers, enhancing the company's competitiveness in the specialty carbon black market [4] - The fundraising project aligns with the company's development strategy and market demand, having been thoroughly reviewed and approved by the board and shareholders [5] Media and Public Perception - The underwriting institution has confirmed that there have been no significant public controversies or media criticisms regarding the company's refinancing application, ensuring that all disclosed information is accurate and complete [6]

Group 1: Company Capacity and Product Lines - The current production capacity for carbon black is 410,000 tons/year, coal tar deep processing capacity is 600,000 tons/year, modified asphalt is 200,000 tons/year, and crude phenol refining is 15,000 tons/year [1] - The company plans to expand its product line into new materials through coal chemical deep processing, enhancing the stability of carbon black quality [1] - The "2×100,000 tons/year anthracene oil deep processing project" and "500,000 tons/year coal tar deep processing project" have been approved by the shareholders' meeting, which will enrich the product line in the new materials sector [1] Group 2: Strategic Business Development - The company aims to extend carbon black products into high-end markets, with a project for fine processing of coal tar and special carbon black, targeting 70,000 tons/year of specialty carbon black [2] - The planned "500,000 tons/year coal tar deep processing project" will enhance the company's processing capacity to one million tons, strengthening its market competitiveness [2] - The project for extracting high-value products from anthracene oil is expected to meet the growing demand for mid-to-high-end carbon black, benefiting from the rapid development of downstream industries [2] Group 3: Energy Utilization and Cost Efficiency - The company has implemented a carbon black tail gas power generation system, achieving self-supply of electricity for production and office use, significantly reducing electricity costs [6] - By reusing waste heat from coal tar processing, the company lowers gas consumption and enhances energy efficiency across its operations [6] - The integration of production processes allows for reduced transportation costs and improved safety and efficiency in raw material handling [2] Group 4: Product Applications - Main products include carbon black and coal tar processing products, with carbon black used as a reinforcing filler in rubber and as a pigment in various industries [7] - Coal tar products such as modified asphalt, industrial naphthalene, and phenolic oil are utilized in diverse applications, including the production of high-power electrode blocks and various chemical intermediates [7] - The company’s products serve critical roles in industries such as textiles, pharmaceuticals, and agriculture, with a focus on high-value applications like dyes and pesticides [4][7]