Company Overview - Zhejiang Jiayuan Energy Chemical Co., Ltd. specializes in the manufacturing and sales of fatty alcohols, polyvinyl chloride (PVC), steam, chlor-alkali products, sulfonated pharmaceuticals, and sulfuric acid [2] - The company also engages in renewable energy generation and hydrogen application equipment development, port handling, and storage services [2] Financial Performance - For Q1 2025, the company reported revenue of 2.361 billion yuan, a year-on-year increase of 12.85% [3] - The net profit for the same period was 276 million yuan, reflecting a year-on-year growth of 30.95% [3] - The sales gross margin stood at 18.43% [3] Market Position - As of July 7, the company's stock closed at 8.85 yuan, with a PE ratio of 11.19, marking a new low in 377 days [1] - The average PE ratio in the chemical products industry is 46.16, with a median of 40.37, placing Jiayuan Energy at 47th in the industry ranking [1] - The total market capitalization of the company is 12.008 billion yuan [1] Institutional Holdings - As of Q1 2025, 32 institutions hold shares in Jiayuan Energy, including 27 funds, 3 others, and 2 insurance companies, with a total holding of 637.1286 million shares valued at 5.135 billion yuan [1]

脂肪醇（酸）增收，橡胶项目增强竞争力 嘉化能源(600273) 嘉化能源 2024 年年报及 2025 年一季报点评 本报告导读： 2024 年公司脂肪醇（酸）系列收入增长明显；2025 年各项业务稳定开展。公司推出 高性能合成橡胶项目，进一步提升公司盈利能力。 投资要点： | [Table_Finance] 财务摘要（百万元） | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入 | 8,774 | 9,153 | 10,696 | 11,024 | 11,635 | | (+/-)% | -23.7% | 4.3% | 16.8% | 3.1% | 5.5% | | 净利润（归母） | 1,180 | 1,008 | 1,082 | 1,184 | 1,282 | | (+/-)% | -26.2% | -14.6% | 7.4% | 9.4% | 8.3% | | 每股净收益（元） | 0.85 | 0.72 | 0.78 | 0.85 | 0.92 | | 净资产收益率(%) | 1 ...

Core Viewpoint - The company, Zhejiang Jiahua Energy Chemical Co., Ltd., has released its first quarter report for 2025, ensuring the accuracy and completeness of the information disclosed [7][17]. Financial Data - The financial report for the first quarter of 2025 has not been audited [5]. - The company has a total of 42,705,085 shares held in its repurchase account, accounting for 3.07% of the total share capital [3]. - The total amount used for share repurchase is 197.21 million yuan, with a maximum price of 8.25 yuan per share and a minimum price of 6.73 yuan per share [4]. Shareholder Information - The company has a total of 10 major shareholders, with no changes reported in the lending of shares for margin trading [2][4]. Business Operations - The company’s main business segments include chemicals, energy, and terminal loading and unloading [7]. - The report includes data on the production, sales, and revenue of major products, although specific figures are not detailed in the provided text [7]. Price Changes - The report outlines price changes for major chemical products such as fatty alcohols, polyvinyl chloride, and others during the first quarter of 2025 [8]. - The prices of key raw materials like palm oil, ethylene, and sulfur have also been reported, indicating fluctuations during the same period [10]. Other Important Information - The company has confirmed that there are no overdue guarantees as of March 31, 2025, with a total external guarantee balance of 0 yuan [4]. - The board of directors and the supervisory board have approved the first quarter report, confirming compliance with legal and regulatory requirements [12][18].

证券代码：600273 股票简称：嘉化能源 编号：2025-026 浙江嘉化能源化工股份有限公司 关于公司 2025 年第一季度主要经营数据的公告 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。 浙江嘉化能源化工股份有限公司（以下简称"公司"或"嘉化能源"）主要业 务板块为化工、能源及码头装卸等，根据上海证券交易所发布的《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》及相关要求，现将公司 2025 年第 一季度主要业务板块经营数据披露如下： 注：聚氯乙烯数据未包含贸易。 二、主要化工产品和原材料的价格变动情况 （一）主要化工产品价格变动情况 2025 年第一季度公司主要化工产品脂肪醇（酸）系列产品、聚氯乙烯、氯碱、 板块 主要产品 2025 年第一季度 生产量(万吨) 2025 年第一季 度销售量(万吨) 2025 年第一季度 营业收入(万元) 化工板块 脂肪醇（酸）系列 产品 7.41 6.94 106,392.82 聚氯乙烯 9.06 6.91 31,073.82 氯碱 9.52 9.23 23,346. ...