1月13日，巨化股份跌1.12%，截至发稿，报36.28元/股，成交9.27亿元，换手率0.94%，总市值979.47亿 元。巨化股份股价已经连续4天下跌，区间累计跌幅6.52%。 资料显示，浙江巨化股份有限公司位于浙江省衢州市柯城区，成立日期1998年6月17日，上市日期1998 年6月26日，公司主营业务涉及基础化工原料、食品包装材料、氟化工原料及后续产品的研发、生产与 销售。主营业务收入构成为：制冷剂46.00%，石化材料15.14%，基础化工产品及其它10.88%，其他(补 充)10.86%，含氟聚合物材料6.59%，氟化工原料6.43%，食品包装材料2.65%，含氟精细化学品1.39%， 检维修及工程管理0.07%。 从基金十大重仓股角度 责任编辑：小浪快报 中海混改红利混合A（001574）成立日期2015年11月11日，最新规模2703.93万。今年以来收益9.05%， 同类排名1191/8836；近一年收益25.8%，同类排名4996/8091；成立以来收益30.2%。 中海混改红利混合A（001574）基金经理为时奕。 截至发稿，时奕累计任职时间1年199天，现任基金资产总规模1.41亿元， ...

资料显示，浙江巨化股份有限公司位于浙江省衢州市柯城区，成立日期1998年6月17日，上市日期1998 年6月26日，公司主营业务涉及基础化工原料、食品包装材料、氟化工原料及后续产品的研发、生产与 销售。主营业务收入构成为：制冷剂46.00%，石化材料15.14%，基础化工产品及其它10.88%，其他(补 充)10.86%，含氟聚合物材料6.59%，氟化工原料6.43%，食品包装材料2.65%，含氟精细化学品1.39%， 检维修及工程管理0.07%。 巨化股份所属申万行业为：基础化工-化学制品-氟化工。所属概念板块包括：半导体、电子化学品、芯 片概念、燃料电池、集成电路等。 分红方面，巨化股份A股上市后累计派现59.73亿元。近三年，累计派现16.47亿元。 机构持仓方面，截止2025年9月30日，巨化股份十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股6450.90万股，相比上期减少2041.15万股。兴全合润混合A（163406）位居第三大流通股 东，持股4872.24万股，相比上期减少175.15万股。兴全合宜混合A（163417）位居第四大流通股东，持 股2522.52万股，相比上期增加2 ...

Core Viewpoint - The stock of Juhua Co., Ltd. has shown a significant increase in price and trading activity, reflecting positive market sentiment and strong financial performance in recent periods [1][2]. Financial Performance - For the period from January to September 2025, Juhua Co., Ltd. achieved a revenue of 20.394 billion yuan, representing a year-on-year growth of 13.89% [2]. - The net profit attributable to shareholders for the same period was 3.248 billion yuan, marking a substantial year-on-year increase of 158.29% [2]. Stock Performance - As of December 3, the stock price of Juhua Co., Ltd. rose by 2.01%, reaching 34.08 yuan per share, with a total market capitalization of 92.007 billion yuan [1]. - Year-to-date, the stock has increased by 42.65%, with a slight increase of 1.73% over the last five trading days [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 76,800, a rise of 49.11% compared to the previous period [2]. - The average number of circulating shares per shareholder decreased by 32.93% to 35,172 shares [2]. Dividends - Since its A-share listing, Juhua Co., Ltd. has distributed a total of 5.973 billion yuan in dividends, with 1.647 billion yuan distributed over the past three years [3]. Major Shareholders - As of September 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 64.509 million shares, a decrease of 20.4115 million shares from the previous period [3]. - New shareholders include the Penghua CSI Subdivision Chemical Industry Theme ETF, holding 20.267 million shares [3].

Core Viewpoint - The stock of Juhua Co., Ltd. has shown a significant increase in price and trading volume, reflecting positive market sentiment and strong financial performance in recent periods [1][2]. Financial Performance - For the period from January to September 2025, Juhua Co., Ltd. achieved a revenue of 20.394 billion yuan, representing a year-on-year growth of 13.89% [2]. - The net profit attributable to shareholders for the same period was 3.248 billion yuan, marking a substantial year-on-year increase of 158.29% [2]. Stock Market Activity - As of November 13, the stock price of Juhua Co., Ltd. was 35.79 yuan per share, with a year-to-date increase of 49.81% [1]. - The stock experienced a trading volume of 311 million yuan on the same day, with a turnover rate of 0.33% [1]. - The stock has seen a 2.73% increase over the last five trading days, a 2.35% decrease over the last twenty days, and a 23.33% increase over the last sixty days [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Juhua Co., Ltd. was 76,800, an increase of 49.11% compared to the previous period [2]. - The average number of circulating shares per shareholder was 35,172, which decreased by 32.93% from the previous period [2]. Dividend Distribution - Since its A-share listing, Juhua Co., Ltd. has distributed a total of 5.973 billion yuan in dividends, with 1.647 billion yuan distributed in the last three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the second-largest circulating shareholder, holding 64.509 million shares, a decrease of 20.4115 million shares from the previous period [3]. - Several funds, including Xingquan He Run Mixed A and Xingquan He Yi Mixed A, have adjusted their holdings, with some increasing and others decreasing their share counts [3].

Investment Rating - The investment rating for the company is "Accumulate" [6] Core Views - The company reported a significant increase in net profit for the third quarter, with a year-on-year growth of 187% and a total net profit of 12 billion yuan [1] - The refrigerant industry remains buoyant, with the company benefiting from a production quota system that is expected to sustain long-term price increases [4] - The company is positioned as a leading player in the refrigerant market, holding a 39.33% share of the national production quota for HFCs [4] Revenue and Profitability - For the first three quarters of 2025, the company achieved a revenue of 20.4 billion yuan, a year-on-year increase of 14%, and a net profit of 3.25 billion yuan, up 160% [1] - The refrigerant segment generated 9.35 billion yuan in revenue, representing a 48% year-on-year increase, contributing 46% to total revenue [2] - The average price of refrigerants increased significantly, with R32 priced at 57,000 yuan/ton, up 62% year-on-year [2] Segment Performance - Other segments, such as fluorochemical raw materials and fluoropolymer materials, showed mixed results, with revenues of 990 million yuan and 1.4 billion yuan respectively, reflecting year-on-year growth of 10.5% and 5.5% [3] - The food packaging materials segment faced a decline in revenue, down 27% year-on-year, due to weak market demand [3] Future Outlook - The company is expected to see continued growth in net profit, with projections of 4.44 billion yuan, 5.43 billion yuan, and 6.59 billion yuan for 2025, 2026, and 2027 respectively [4] - The company maintains a strong market position and is well-positioned to benefit from the ongoing demand for refrigerants and the implementation of production quotas [4]

Group 1 - The core viewpoint of the news is that Juhua Co., Ltd. experienced a decline in stock price by 5.04%, with a current trading price of 33.54 CNY per share and a total market capitalization of 90.549 billion CNY [1] - Juhua Co., Ltd. is primarily engaged in the research, production, and sales of basic chemical raw materials, food packaging materials, and fluorochemical raw materials, with the main revenue composition being refrigerants (46.00%), petrochemical materials (15.14%), and other chemical products [1] Group 2 - From the perspective of fund holdings, Juhua Co., Ltd. is a significant investment for the China Ocean Fund, with the "China Ocean Mixed Reform Dividend Mixed A" fund holding 28,300 shares, representing 4.17% of the fund's net value [2] - The fund has reported a floating loss of approximately 50,400 CNY due to the recent decline in Juhua's stock price [2] - The fund manager, Shi Yi, has been in charge for 1 year and 128 days, with the fund's total asset size being 188 million CNY and a best return of 42.97% during the tenure [3]

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Views - The company reported significant year-on-year growth in its performance, with a revenue of 20.39 billion yuan for the first three quarters of 2025, representing a 13.9% increase year-on-year. The net profit attributable to shareholders reached 3.25 billion yuan, up 160.2% year-on-year, and the net profit after deducting non-recurring gains and losses was 3.20 billion yuan, reflecting a 170.1% increase year-on-year [2][6]. Summary by Sections Financial Performance - For Q3 2025, the company achieved a revenue of 7.06 billion yuan, which is a 21.2% increase year-on-year but a 6.2% decrease quarter-on-quarter. The net profit for Q3 was 1.20 billion yuan, up 186.6% year-on-year and down 3.6% quarter-on-quarter. The net profit after deducting non-recurring gains and losses was 1.17 billion yuan, showing a 200.4% increase year-on-year and a 5.2% decrease quarter-on-quarter [2][6]. Market Trends - The average price of refrigerants continued to rise in Q3, with the company achieving an external sales volume of 76,000 tons, down 10.6% year-on-year and 10.3% quarter-on-quarter. The after-tax average price was 43,000 yuan per ton, up 52.6% year-on-year and 5.0% quarter-on-quarter [12]. Industry Outlook - The refrigerant industry is expected to continue its upward trend, with the company positioned to benefit from the industry's improving conditions. The projected earnings for 2025-2027 are 5.03 billion, 6.78 billion, and 8.67 billion yuan, respectively [12].

Group 1: Market Overview - The overall market showed a slight recovery with major indices closing up, including the Shanghai Composite Index rising by 0.22% to 3922.41 points and the CSI 300 Index increasing by 0.30% to 4606.34 points [7][10] - The performance varied across different market segments, with large-cap stocks leading while small-cap stocks lagged behind [8][10] - The trading volume in the market was approximately 16607.09 billion, reflecting a decrease of 295.48 billion compared to the previous trading day [7] Group 2: Industry Dynamics - In October 2025, the National Press and Publication Administration approved 159 domestic video game licenses, marking a year-on-year increase of 46 licenses [24][25] - The National Energy Administration reported that the total electricity consumption in September 2025 reached 8886 billion kWh, a year-on-year growth of 4.5% [26][27] - The production of industrial feed in September 2025 was 30.36 million tons, showing a year-on-year increase of 5.0% [28][29] Group 3: Company Updates - Juhua Co., Ltd. reported a total revenue of 20.394 billion with a year-on-year growth of 13.89% for the first three quarters of 2025, and a net profit of 3.248 billion, up 160.22% year-on-year [30][31] - Lihua Technology's revenue for the first three quarters of 2025 was 558 million, with a net profit growth of 2.18% year-on-year [32][33] - Hunan's electric vehicle exports reached 8.62 billion in the first three quarters of 2025, a significant increase of 85.9% year-on-year [34][35]

股票简称：巨化股份 股票代码：600160 公告编号：临 2025－44 浙江巨化股份有限公司 2025 年 1-9 月主要经营数据公告 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。 浙江巨化股份有限公司（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）》有关规定，将公司 2025 年 1-9 月主要经营数据披露如下： | 主要产品 | 产量 | 同比 | 外销量 | 同比 | 营业收入 | 同比 | | --- | --- | --- | --- | --- | --- | --- | | | 吨 | % | 吨 | % | 万元 | % | | 氟化工原料 | 898103.85 | 7.61 | 288293.29 | 9.40 | 99322.57 | 10.50 | | 制冷剂 | 440149.67 | -0.32 | 230618.39 | -6.40 | 935243.23 | 48.01 | | 含氟聚合物材料 | 103871.00 | 6.80 ...

Core Viewpoint - Juhua Co., Ltd. has shown a significant stock price increase of 50.86% year-to-date, despite a recent decline in the last five trading days [1][2] Company Overview - Juhua Co., Ltd. is located in Quzhou, Zhejiang Province, established on June 17, 1998, and listed on June 26, 1998. The company specializes in the research, production, and sales of basic chemical raw materials, food packaging materials, and fluorochemical raw materials [1] - The main business revenue composition includes refrigerants (46.00%), petrochemical materials (15.14%), basic chemical products and others (10.88%), fluoropolymer materials (6.59%), and food packaging materials (2.65%) [1] Financial Performance - For the first half of 2025, Juhua Co., Ltd. achieved a revenue of 13.33 billion yuan, representing a year-on-year growth of 10.36%. The net profit attributable to shareholders was 2.05 billion yuan, showing a substantial increase of 145.84% [2] - The company has distributed a total of 5.973 billion yuan in dividends since its A-share listing, with 1.647 billion yuan distributed in the last three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders for Juhua Co., Ltd. was 51,500, a decrease of 2.96% from the previous period. The average circulating shares per person increased by 3.05% to 52,443 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder, increasing its holdings by 25.28 million shares [3]