Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company achieved a revenue of 1.112 billion yuan in the first half of 2025, representing a year-on-year increase of 3.87%, and a net profit attributable to shareholders of 276 million yuan, up 5.44% year-on-year [2] - The company reported a record high sales volume of 94,000 tons in Q2 2025, with stable production levels maintained since Q2 2024 [4] - The company is expanding its capacity with ongoing projects, including a 100,000-ton biomass silica project and a 30,200-ton thickener project, expected to be completed in 2025 [4] - The company maintains a gross margin of 36.67% and a net margin of 24.14% despite fluctuations in raw material prices, indicating strong competitive positioning [4] - The increasing penetration of new energy vehicles is expected to drive demand for green tire materials, with new energy vehicle sales accounting for 44.3% of total new car sales in the first half of 2025 [4] - Revenue projections for 2025-2027 are 2.426 billion yuan, 2.523 billion yuan, and 2.592 billion yuan, with net profits of 577 million yuan, 631 million yuan, and 675 million yuan respectively, reflecting growth rates of 10.4%, 4.0%, and 2.7% [4][5] Financial Summary - The company’s total revenue for 2023 was 1.81 billion yuan, with a projected growth rate of 3.7% [5] - The net profit attributable to the parent company for 2023 was 413 million yuan, with a year-on-year growth of 8.4% [5] - The projected diluted EPS for 2025 is 1.39 yuan, with a corresponding P/E ratio of 15.73x [5]

确成硅化学股份有限公司 募集资金存放与使用情况的专项报告 证券代码：605183 证券简称：确成股份 公告编号：2025-039 确成硅化学股份有限公司 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。 确成硅化学股份有限公司（以下简称"公司"）根据中国证券监督管理委员会《上 市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求（2022 年修订）》 （证监会公告〔2022〕15 号）、《上海证券交易所上市公司自律监管指引第 1 号——规 范运作》以及《上海证券交易所上市公司自律监管指南第 1 号——公告格式》的相关规 定，本公司就 2025 年半年度募集资金存放与使用情况作如下专项报告： 一、 募集资金基本情况 根据本公司 2020 年第三届董事会第九次会议决议和修改后的章程规定，以及中国 证券监督管理委员会证监许可[2020]2296 号文《关于核准确成硅化学股份有限公司首次 公开发行股票的批复》，核准公司发行不超过 48,720,375 股新股。本公司向社会公开发 行人民币普通股（A 股）股票 48,72 ...