Group 1 - The company held a half-year performance and cash dividend briefing on September 5, 2025, to provide investors with insights into its 2025 half-year operating results and financial status [1][2] - Key personnel attending the briefing included the Chairman, General Manager, Independent Director, Board Secretary, and Chief Financial Officer, who engaged with investors on common concerns [2] Group 2 - The main factors contributing to the company's year-on-year performance growth in the first half of 2025 include increased sales prices of products such as barium carbonate, strontium carbonate, barium sulfate, and sulfur, as well as higher sales volumes of high-value-added products [3] - The company established a wholly-owned subsidiary in Tianzhu County, Guizhou Province, to leverage local resource advantages, reduce raw material procurement costs, and enhance profitability [3][4] - The construction and installation of the Chongqing Ruide Sida strontium salt project are nearing completion, with trial production expected to begin in late September 2025 [4] Group 3 - The average sales price of strontium carbonate reached approximately 8,500 yuan per ton (including tax) in August 2025, indicating a decline from the peak in April 2025 [5]

股票简称：红星发展 股票代码：600367 编号：临 2025-037 1 主要产品 产量（吨） 销量（吨） 营业收入（万元） 碳酸钡 50,488 45,655 14,238 硫酸钡 9,472 8,873 3,546 氢氧化钡 6,014 6,646 5,319 高纯钡盐 6,297 7,156 6,287 碳酸锶 6,855 5,333 5,934 电解二氧化锰 2,860 3,501 4,762 硫磺 9,306 9,725 2,070 硫脲(含精制、高纯品) 1,663 1,866 2,010 一、主要产品的产量、销量及收入实现情况 | | 2025 年第二季 | 2024 年第二季 | | | --- | --- | --- | --- | | 主要原材料 | 度平均采购价 | 度平均采购价 | 变动比例（%） | | | （元/吨） | （元/吨） | | | 重晶石（母公司） | 377.60 | 311.39 | 21.26 | | 重晶石（子公司大龙锰业） | 448.13 | 356.88 | 25.57 | | 天青石 | 1,134.93 | 1,014.55 | 11.87 | | ...

Core Viewpoint - The European Commission has announced preliminary anti-dumping duties on barium carbonate originating from China and India, indicating a significant regulatory action that could impact the involved companies and the broader industry [1] Company Summary - Guizhou Hongxing Development Co., Ltd. faces a preliminary anti-dumping tax of 83.9% [1] - Hubei Jingmen Chutian Barium Salt Co., Ltd. is subject to a preliminary anti-dumping tax of 72.6% [1] - Other cooperating companies will incur a preliminary anti-dumping tax of 78.2% [1] - Other Chinese producers/exporters are also facing a preliminary anti-dumping tax of 83.9% [1] - Indian producers/exporters are subject to a significantly lower preliminary anti-dumping tax of 4.6% [1] Industry Summary - The anti-dumping investigation period is set from October 1, 2023, to September 30, 2024, which may lead to long-term implications for the barium carbonate market [1] - The damage investigation period spans from January 1, 2021, to the end of the dumping investigation period, indicating a thorough assessment of market impacts [1]

Group 1 - The company expects a significant increase in net profit for the first half of 2025, projecting a range of 62 million to 90 million yuan, which represents an increase of 50% or more compared to the same period last year [1][2] - The projected net profit after deducting non-recurring gains and losses is estimated to be between 61 million and 89 million yuan, reflecting a year-on-year increase of 166.03% to 288.14% [1][2] - The previous year's net profit attributable to the parent company was 23.55 million yuan, with a total profit of 41.27 million yuan [2] Group 2 - The increase in profit is attributed to several factors, including adjustments in sales prices for products such as barium carbonate and strontium carbonate, which have risen due to raw material supply and downstream demand [2] - The company has intensified sales of high-value-added products, leading to increased sales volumes of high-purity barium and strontium, contributing positively to profit margins [2] - A reduction in the production of high-purity manganese sulfate and a decrease in inventory levels have also contributed to a decrease in asset impairment losses during the reporting period [2]

（一）主要产品的价格变动情况（不含税） | 主要产品 | 2025 | 年第一季度平 | 2024 年第一季度 | 变动比例 | | --- | --- | --- | --- | --- | | | | 均售价（元/吨） | 平均售价（元/吨） | （%） | | 碳酸钡 | | 3,214.75 | 3,002.74 | 7.06 | 股票简称：红星发展 股票代码：600367 编号：临 2025-018 贵州红星发展股份有限公司 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。 贵州红星发展股份有限公司（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》和《关于做好主板上 市公司 2025 年一季度报告披露工作的通知》的要求，现将 2025 年第一季度主要 经营数据披露如下： 二、主要产品和原材料的价格变动情况 1 主要产品 产量（吨） 销量（吨） 营业收入（万元） 碳酸钡 51,914 42,243 13,580 硫酸钡 9,767 8 ...