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 ...

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]

Investment Rating - The report maintains an "Overweight" rating for the basic chemical industry [1] Core Insights - The Central Financial Committee's sixth meeting emphasized the need to govern low-price disorderly competition legally and regulate the exit of backward production capacity, indicating a focus on improving product quality and sustainable industry development [4][28] - The basic chemical industry has seen a recent price increase in key products, with significant gains in certain sectors such as refrigerants, sweeteners, and organic silicon [4][30] Market Performance - As of July 10, 2025, the CITIC basic chemical industry index rose by 2.57% over the past two weeks, outperforming the CSI 300 index by 0.95 percentage points, ranking 14th among 30 CITIC industries [11] - Year-to-date, the basic chemical industry has increased by 9.67%, surpassing the CSI 300 index by 7.76 percentage points, ranking 11th [11] Chemical Product Price Trends - The top five products with the highest price increases recently include Vitamin B1 (+12.82%), fatty alcohol (+8.16%), dichloropropane-white material (+8.11%), Vitamin D3 (+7.14%), and paraquat (+6.56%) [21] - The top five products with the largest price declines include liquid chlorine (-48.51%), hydrochloric acid (-8.29%), butyl rubber (-7.79%), aniline (-6.05%), and calcium chloride (-5.06%) [21] Industry Subsector Highlights - The organic silicon sector has shown a recent increase of 11.11% over the past two weeks, indicating strong performance [17] - The refrigerant sector is expected to benefit from the accelerated reduction of second-generation refrigerant quotas and the continued freeze on third-generation quotas, with companies like Juhua Co. and Sanmei Co. projected to see significant profit increases [30][31] Company Announcements - Sanmei Co. expects a net profit of approximately 947.619 million to 1.042381 billion yuan for the first half of 2025, marking a year-on-year increase of 146.97% to 171.67% [31] - Juhua Co. anticipates a net profit of 1.97 billion to 2.13 billion yuan for the same period, reflecting a year-on-year increase of 136% to 155% [31]

Core Insights - The company has successfully implemented a "zero manual" intelligent factory project, significantly improving production efficiency and reducing manual labor [1][4][6] - The transition from manual operations to automated systems has allowed for a substantial reduction in operational time and an increase in output [1][2][3] Group 1: Project Implementation - The "zero manual" project aims to transform traditional chemical production into smart manufacturing, with 2024 designated as the "digital year" for the company [2][5] - The project has been piloted in three units: the soda ash plant, bromine plant, and calcium chloride plant, focusing on automating complex processes [2][4] - The soda ash plant's new automated system has reduced the time required for operations from 251 minutes to 162 minutes, while also increasing output by 8 tons [1][3] Group 2: Efficiency and Economic Benefits - The project has led to a 55% average improvement in process stability and a 61% increase in key control indicators, while reducing manual operation frequency by 68% [4][6] - The soda ash plant has achieved a year-on-year increase in carbonization conversion rate of 0.31%, saving 10,200 tons of raw salt annually [4] - The overall economic benefit of the first phase of the project is over 20 million yuan, with the soda ash plant contributing 12.12 million yuan through increased production and reduced consumption [4][6] Group 3: Industry Impact and Future Plans - The project sets a benchmark for intelligent transformation in the chemical industry, with the company being the first in the ammonia-soda industry to implement fully automated operations [5][6] - The company plans to continue expanding its "zero manual" initiatives, with a second phase already underway to further enhance production processes [6]

证券代码：601065 证券简称：江盐集团 公告编号：2025-015 江西省盐业集团股份有限公司 2024 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。 江西省盐业集团股份有限公司（以下简称"公司"）根据上海证券交易所《上 市公司行业信息披露指引第十三号——化工》有关规定，现将 2024 年度主要经 营数据披露如下： 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 | 61.11 | 57.79 | 60.90 | 57.52 | 44,492.44 | | 工业盐 | 246.96 | 217.10 | 241.81 | 216.95 | 82,979.76 | | 元明粉 | 0.42 | 7.23 | 0.50 | 7.57 | 199.78 | | 氯化钙 | 15.78 | ...

证券代码：601065 证券简称：江盐集团 公告编号：2025-016 江西省盐业集团股份有限公司 2025 年第一季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。 江西省盐业集团股份有限公司（以下简称"公司"）根据上海证券交易所《上 市公司行业信息披露指引第十三号——化工》有关规定，现将 2025 年第一季度 主要经营数据披露如下： 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 （万元） | | --- | --- | --- | --- | --- | --- | | | 报告期 | 同期 | 报告期 | 同期 | | | 食盐 | 14.17 | 13.85 | 13.79 | 13.07 | 9,071.46 | | 工业盐 | 63.09 | 54.47 | 64.66 | 49.60 | 18,975.86 | | 氯化钙 | 5.87 | 3.55 | 2.94 | 2.11 | 1,824.32 | | 纯碱 | 19.39 ...

Group 1 - As of December 31, 2024, the company reported total assets of 4,714.15 million and a net asset of -2,050.95 million, with a main business income of 1,543.90 million and a net profit of 6.77 million for the year 2024 [1] - The company is expected to engage in daily related transactions totaling 250.00 million in 2025 [1] - The company operates in various sectors including logistics, transportation, and chemical products, with a registered capital of 32,500 million [1] Group 2 - As of December 31, 2024, another company reported total assets of 89,940.80 million and a net asset of 45,721.30 million, achieving a main business income of 157,911.42 million and a net profit of 1,182.49 million [2] - This company is expected to have daily related transactions totaling 1,100.00 million in 2025 [2] - The company is classified as an other limited liability company with a registered capital of 120,000 million [2] Group 3 - A financial services company reported total assets of 658,579.54 million and a net asset of 142,182.20 million as of December 31, 2024, with an audited operating income of 14,323.28 million and a net profit of 6,362.33 million [3] - The company has a relationship with a listed company, with its parent company being the controlling shareholder [3] Group 4 - The company has a strong ability to fulfill obligations to related parties, with a low likelihood of bad debts arising from related party transactions [4] - Previous related transactions have been executed as agreed, with no instances of default [5] Group 5 - The pricing policy for related transactions is based on market prices, ensuring fairness and transparency [6] - The company has signed a daily operational contract with its parent company to regulate related transactions [7] Group 6 - The agreement for daily related transactions is effective from January 1, 2024, to December 31, 2026 [8] - The agreement includes provisions for various services such as raw material supply, transportation, and environmental monitoring [10][12][17] Group 7 - The necessity of related transactions is highlighted by the company's reliance on its parent company's infrastructure and resources, which helps reduce redundant investments [29] - The transactions are expected to continue in the future, benefiting both parties through resource optimization [30] Group 8 - The company plans to provide guarantees for its subsidiaries' bank loans, totaling 490,075.6 million and 5,700.00 million USD [33] - The guarantees are aimed at supporting the subsidiaries' operational needs and ensuring their healthy development [60] Group 9 - The company intends to engage in forward foreign exchange transactions to mitigate the impact of exchange rate fluctuations, with a transaction limit of 18,000 million USD [67] - The purpose of these transactions is to stabilize the company's financial performance and support its operational needs [68] Group 10 - The company plans to distribute cash dividends of 0.23 per share, amounting to a total of 620,941,598.6 million, which represents 31.69% of the net profit attributable to shareholders [82][84] - The profit distribution will be based on the total share capital as of the record date [83]