证券代码：600319 证券简称：亚星化学 编号：临2025-043 潍坊亚星化学股份有限公司 关于 2025 年半年度主要经营数据公告 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。 根据上海证券交易所《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：第十三号——化工》的要求，潍坊亚星化学股份有限公司（以下简称"公 司"）现将2025年半年度主要经营数据披露如下： | 主要产品 | | 2024年第二季 | | | | 2025年第一季 | | | 2025年第二季 | | | 同 | 比 | 变 | 环 | 比 | 变 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 度 单 | 平 | 均 | 价 | 度 平 均 | 单 | 价 | 度 平 均 价 | | 单 | | 动比率 | | | 动比率 | | | | | （元/吨） | ...

证券代码：603213 证券简称：镇洋发展 公告编号：2025-043 转债代码：113681 转债简称：镇洋转债 浙江镇洋发展股份有限公司 单位：元/吨 | 主要产品 | 2025年上半年均价 | 2024年上半年均价 | 变动幅度（%） | | --- | --- | --- | --- | | 氯碱类产品 | 1,796.79 | 1,704.50 | 5.41 | | 其中：烧碱 | 2,982.67 | 2,606.80 | 14.42 | | MIBK类产品 | 7,977.60 | 12,746.04 | -37.41 | | PVC类产品 | 3,920.24 | 4,637.13 | -15.46 | 三、主要原材料的价格变动情况（不含税） 单位：元/吨 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。 浙江镇洋发展股份有限公司（以下简称"公司"）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：第十三号——化工》 的相关要求，现将2025年上半年主要经营数据披露如下： 一、 主要产品的产量、销售 ...

证券代码：601065 证券简称：江盐集团 公告编号：2025-037 江西省盐业集团股份有限公司 2025 年上半年主要经营数据公告 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。 一、主要产品的产量、销量及收入实现情况 | 主要产品 | | 产量（万吨） | | 销量（万吨） | 营业收入 | | --- | --- | --- | --- | --- | --- | | | 报告期 | 同期 | 报告期 | 同期 | （万元） | | 食盐 | 29.66 | 28.36 | 29.10 | 28.10 | 19,988.21 | | 工业盐 | 132.18 | 114.01 | 128.27 | 111.36 | 36,086.52 | | 氯化钙 | 11.19 | 7.54 | 6.06 | 5.72 | 3,482.28 | | 纯碱 | 39.04 | 37.69 | 36.02 | 34.68 | 46,279.42 | | 小苏打 | 2.81 | 2.60 | 2.87 | 2.36 | 3,583.0 ...

证券代码：600784 证券简称：鲁银投资 编号：2025－038 鲁银投资集团股份有限公司 2025 年半年度主要经营数据公告 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 露第十四号食品制造》的要求，公司现将 2025 年半年度主要经营数 据披露如下： 一、公司 2025 年半年度主要经营情况 | 产品类别 | 报告期营业收入（单位：万元） | | --- | --- | | 食盐 | 32,595.76 | | 工业盐 | 34,109.98 | | 溴素 | 2,343.47 | 2.按照销售渠道分类情况 | 销售渠道 | 报告期营业收入（单位：万元） | | --- | --- | | 直销 | 37,977.05 | | 经销 | 31,072.16 | 3.按照地区分布分类情况 1 | 地区分布 | 报告期营业收入（单位：万元） | | --- | --- | | 省内 | 49,792.25 | | 省外 | 19,256.96 | 二、公 ...

一、主要产品的产量、销量及收入实现情况 | 项目 | 2025 | 年 | 4-6 | 月产 | 2025 | 年 | 4-6 | 月销量 | 2025 | 年 | 4-6 | 月销售 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 量（吨） | | | | | （吨） | | | | 金额（万元） | | | 主要农药原药 | | | | 9,474.79 | | | | 13,956.48 | | | | 42,316.24 | | 主要农药中间体 | | | 219,030.73 | | | | | 247,082.20 | | | | 42,542.80 | 二、主要产品价格变动情况（不含税） | 项目 | 2025年4-6月平均 | 2024年4-6月平均 | 价格变动情况 | | --- | --- | --- | --- | | | 销售价格（元/吨） | 销售价格（元/吨） | | | 主要农药原药 | 30,320.14 | 28,916.07 | 4.86% | ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is a leading player in the salt industry, focusing on "salt + energy storage," with significant undervaluation of its salt cavern storage value [3] - The company has a stable profit model with low debt and high cash flow, benefiting from the decline in coal prices [3] - The company is expected to achieve substantial performance growth through its salt cavern storage projects and integrated development of salt, alkali, and calcium [3] Summary by Sections Company Overview - The company is a regional leader in salt mining, with a focus on low debt and stable profitability [5][9] - It is controlled by the Jiangsu Provincial State-owned Assets Supervision and Administration Commission [9] Salt Chemical Business - The company develops a circular economy involving salt, alkali, and calcium, with stable pricing for salt products [3][30] - In 2024, the company expects to sell 774,000 tons of salt products, 76,000 tons of alkali products, and 32,000 tons of calcium products [3][30] - The company has a unique underground cyclic soda production technology that enhances resource utilization and environmental safety [3][39] Salt Cavern Utilization - The company is entering the production phase of its gas storage projects, which are expected to contribute to profit growth [3][49] - The company plans to build two major gas storage projects with a total capacity of 81 billion cubic meters by 2030 [3][67] - The Zhangxing gas storage project is expected to generate significant profits, with a projected net profit increase of 4.1 billion yuan by 2030 [3][76] Financial Performance - The company has maintained a net profit of around 7 billion yuan from 2022 to 2025, benefiting from stable pricing and reduced costs [25] - The company's financial health is improving, with a decrease in debt ratios and stable cash flow [25][19] Market Demand - The demand for natural gas storage is increasing, particularly in Jiangsu Province, which has the highest natural gas consumption in China [56] - The company’s gas storage facilities are strategically located to meet the seasonal demand fluctuations in the region [67][49]

Group 1 - The company will hold its second extraordinary general meeting of shareholders in 2025 on August 22, 2025, at 1:00 PM [4][3] - The meeting will be conducted using a combination of on-site and online voting methods [4][5] - The company has proposed amendments to its articles of association, which will be submitted for approval at the shareholders' meeting [1][20] Group 2 - The company plans to distribute a cash dividend of 2 yuan (including tax) for every 10 shares, totaling approximately 265,070,684.40 yuan (including tax) [17][19] - The proposed profit distribution plan is based on the total share capital after deducting shares held in the repurchase account [18][19] - The profit distribution plan requires approval from the extraordinary general meeting of shareholders [20][21] Group 3 - The company has reported a net profit attributable to shareholders of 580,592,815.78 yuan for the first half of 2025 [18] - The company has implemented a share repurchase plan, repurchasing 25,849,343 shares, which is 1.86% of the total share capital [33] - The company emphasizes enhancing investor returns and maintaining a stable profit distribution policy [32][33] Group 4 - The company is actively working on key projects such as the second phase of fatty alcohol and PVC, which are expected to enter trial production in the second half of the year [29] - The company is focusing on clean energy investments and has established a hydrogen energy innovation center to promote technological advancements [30] - The company aims to improve its governance and compliance levels while ensuring timely and accurate information disclosure [27][28]

Investment Rating - The investment rating for the company is "Buy" (首次) [5] Core Views - The company is a leading player in the salt chemical industry in East China, focusing on "salt + energy storage," with low debt and stable cash flow [5] - The core business includes salt and salt chemical products, contributing 85% of revenue gross profit, benefiting from stable product pricing and declining coal prices [5] - The company is actively developing salt cavern storage for natural gas and compressed air, which are expected to significantly contribute to performance in the next five years [5][6] - The company plans to increase production capacity significantly by 2030, with a projected total capacity of 12 million tons for salt and salt chemical products [5] - The company is also expanding into compressed air energy storage and small molecule gas storage projects, enhancing its growth potential [8] Summary by Sections Market Performance - The closing price as of July 31, 2025, is 10.48 yuan, with a market capitalization of 8,191.78 million yuan [3] Financial Data - The company has a total share capital of 781.66 million shares and a debt-to-asset ratio of 37.23% [3] - The net asset value per share is 7.97 yuan [3] Profit Forecast and Valuation - Revenue projections for 2023 to 2027 are 5,682 million, 5,344 million, 5,560 million, 6,728 million, and 7,727 million yuan respectively, with a growth rate of 4.03% in 2025 [7] - The net profit attributable to shareholders is forecasted to be 738 million, 769 million, 705 million, 917 million, and 1,130 million yuan from 2023 to 2027, with a significant increase expected in 2026 and 2027 [7] - The price-to-earnings ratio (P/E) is projected to decrease from 11.09 in 2023 to 7.25 in 2027, indicating potential for valuation growth [7] Business Development - The company is planning to invest up to 1.8 billion yuan in developing a brine salt project, which is expected to increase solid salt production by 3 million tons per year [5] - The company is also pursuing partnerships for compressed air energy storage and small molecule gas storage projects, indicating a strategic expansion into new business areas [8]

Group 1: Company Overview and Strategic Direction - The company has a current salt production capacity of 1.8 million tons per year [2] - The completion of the energy-saving and carbon-reduction technology transformation project at Kunming Salt Mine is expected to increase salt production capacity by over 200,000 tons [2] - The company is transitioning from traditional salt production to renewable energy, supported by its major shareholder, Yunnan Energy Investment Group [3] Group 2: New Energy Projects and Developments - The company is actively developing new energy projects, including a 350 MW compressed air energy storage demonstration project [3] - The efficiency of the compressed air energy storage system is approximately 70% [3] - In 2025, the company plans to advance the construction of a 670,000 kW wind power expansion project and an 85,000 kW photovoltaic project [4] - The Ma Long Zhu Yuan 10,000 kW photovoltaic project achieved full capacity grid connection on April 30, 2025 [4] Group 3: Future Plans and Strategic Goals - The company is currently formulating its "15th Five-Year" strategic plan, focusing on strengthening its core business in green energy [3] - The company aims to enhance operational management and cost control through its new energy centralized control center [3]

Core Viewpoint - Yunnan Energy Investment (002053.SZ) is significantly expanding its wind power business by securing development rights for three wind farms, totaling an expected installed capacity of 312.5 MW, with a project completion timeline of 12 months [1][2]. Group 1: Project Development - The company has been awarded the development rights for three wind farms: the South Chong Wind Farm in Fuyuan, the Aguzai Wind Farm in Lijiang, and the Huaping West Wind Farm in Lijiang, with respective capacities of approximately 62.5 MW, 100 MW, and 150 MW [2]. - The project sites are noted for their favorable wind conditions, and the total construction period for all projects is estimated to be 12 months [2]. Group 2: Business Transformation - Yunnan Energy Investment, originally Yunnan Salt Chemical, transitioned into the renewable energy sector in 2019 by acquiring shares in a wind power company from its major shareholder, marking a strategic shift towards new energy development [1][4]. - The company aims to enhance its renewable energy capabilities, focusing on wind and solar power, which accounted for 34.45% of its total revenue in 2024 [4]. Group 3: Financial Performance - The company has experienced continuous growth in revenue and net profit over the past four years, with revenues increasing from 23.48 billion yuan in 2021 to 34.53 billion yuan in 2024, and net profits rising from 2.49 billion yuan to 6.75 billion yuan in the same period [5]. - In the first quarter of 2025, Yunnan Energy Investment reported total revenue of 9.54 billion yuan and a net profit of 2.21 billion yuan, reflecting ongoing growth in its asset scale, which reached 187.95 billion yuan by the end of Q1 2025 [6]. Group 4: Diversified Operations - Besides its renewable energy initiatives, the company is also involved in salt production and natural gas operations, with salt products generating 12 billion yuan in revenue in 2024, accounting for 34.86% of total revenue [6]. - The company is implementing a project to upgrade its salt production facility using energy-efficient technology, with a total investment of 448 million yuan [6].