贵州中毅达股份有限公司 2025 年半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。 贵州中毅达股份有限公司（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》的相关要求，现将 2025 年半年度主要经营数据披露如下： | 股证券代码：600610 | 股证券简称：中毅达 | 公告编号：2025-047 | A | A | | --- | --- | --- | --- | --- | | 股证券代码：900906 | 股证券简称：中毅达 | B | B | B | 主要产品 2025 年 1-6 月产量 （吨） 2025 年 1-6 月销量 （吨） 2025 年 1-6 月营业 收入（万元） 季戊四醇 24,824.86 23,704.29 31,042.50 三羟甲基丙烷 5,530.61 6,554.30 5,493.85 酒精 22,268.88 13,427.09 5,976.35 DDGS 饲料 18,933.85 19,735.55 3,7 ...

Core Viewpoint - Despite a decline in revenue, the company achieved a significant increase in net profit due to cost control measures and efficiency improvements [1] Financial Performance - The company reported a revenue of 8.812 billion yuan, a year-on-year decrease of 11.09% [1] - Net profit attributable to shareholders reached 107 million yuan, marking a year-on-year increase of 74.44% [1] - The net profit excluding non-recurring gains and losses was 31.9079 million yuan, up 71.50% year-on-year [1] - In Q1, the company achieved a net profit of 40.5315 million yuan, while Q2 net profit was 66.7151 million yuan, reflecting a quarter-on-quarter growth of 64.60% [1] Cost Management - The company's operating costs decreased by 12.40%, outpacing the revenue decline [1] - The increase in gross margin for agricultural product processing and sales was 1.3 percentage points compared to the same period last year [2] - Sales expenses were 92.81 million yuan, down 2.14% year-on-year, and management expenses were 266 million yuan, down 4.53% year-on-year [5] Projects and Developments - The company is advancing multiple projects, including a 150,000-ton/year starch sugar expansion project in Chengdu and a 30,000-ton/year poly-lactic acid project relocation [5] - The Chengdu expansion project aims for production by the end of August, while the poly-lactic acid project is on track for trial production by the end of the year [5] - The company received administrative approval for the enzyme method production of D-alose sugar in early July [5]

Core Viewpoint - The claim that "the more painful alcohol treatment is, the more effective it is" lacks scientific basis, as pain is a result of alcohol's chemical irritation rather than its disinfecting efficacy [2][3]. Disinfection Mechanism - Alcohol is a traditional disinfectant that effectively kills various microorganisms, but the pain experienced during application is due to its irritative effects on nerve endings and tissue dehydration [2]. - The effectiveness of alcohol disinfection is influenced by factors such as concentration, contact time, type of microorganisms, and cleanliness of the wound [3]. Alcohol Concentration - The optimal concentration for disinfection is between 70% and 80%, with 75% being commonly used; concentrations that are too low or too high can hinder disinfection effectiveness [3]. Cleaning Procedures - Prior to using alcohol for disinfection, it is essential to clean the wound with running water and soap to remove visible dirt, as contaminants can obstruct alcohol's contact with pathogens [3]. Alternative Disinfectants - For superficial wounds with minimal bleeding, iodine-based disinfectants are recommended due to their broad-spectrum efficacy and lower irritation compared to alcohol [4][5]. - In cases of deeper wounds, medical attention is advised to assess the depth, presence of foreign objects, and bleeding [5].

Core Viewpoint - The World Health Organization (WHO) has launched the "3 by 35" initiative, urging countries to implement health taxes to increase the actual prices of tobacco, alcohol, and sugary drinks by at least 50% by 2035, aiming to curb chronic diseases and generate significant public revenue [1][3][4]. Group 1: Health Tax Initiative - The "3 by 35" initiative is designed to alleviate pressure on health systems caused by the rise of non-communicable diseases, reduced development aid, and increasing public debt [1][3]. - WHO emphasizes that raising the prices of tobacco, alcohol, and sugary drinks can significantly reduce consumption and prevent millions of premature deaths, with a potential to avoid 50 million premature deaths over the next 50 years if prices are raised by 50% [1][4]. Group 2: Global Context and Funding Crisis - The initiative comes at a time of global public health funding crisis, particularly as donations from countries like the United States have decreased, making it urgent for low- and middle-income countries to find domestic funding sources for health needs [3][4]. - WHO aims to revitalize health taxes as a tool to reduce harmful consumption, save lives, and create important public revenue, with projections indicating that a one-time tax increase could generate up to $3.7 trillion globally over five years [4][5]. Group 3: China's Health Tax Considerations - China has already implemented consumption taxes on tobacco and alcohol, while discussions on sugary drink taxes are still in the academic phase [5][7]. - The current period in China is seen as an opportunity for consumption tax reform, with expectations to enhance the health guidance effect of these taxes [7][8]. - Experts caution that simply increasing taxes without comprehensive policies may not effectively suppress unhealthy product consumption, as seen in past experiences with tobacco tax adjustments in China [5][9].

Group 1 - The claim that drinking hard water leads to kidney stones is a misconception; hard water is defined by its high mineral content, particularly calcium and magnesium, and does not directly cause kidney stones in healthy individuals [2][4] - Drinking insufficient water can concentrate urine, increasing the risk of urinary system stones, rather than the hardness of the water itself [4] Group 2 - Frequent hair washing does not cause hair loss; the shedding observed during washing is a natural process, as hair naturally falls out during its resting phase [5][7] - The primary factors influencing hair loss are related to immune response, genetics, hormone levels, stress, nutrition, and certain medications, rather than washing frequency [7] Group 3 - The belief that wounds must be disinfected with alcohol is a misconception; while alcohol is a common disinfectant, iodine-based solutions are often recommended for wound care due to their effectiveness and lower skin irritation [8][10] - Alcohol can damage healthy tissue around wounds, potentially hindering healing and leading to scarring [10] Group 4 - The notion that antihistamines can lead to dependency is incorrect; these medications are safe and effective without causing physical or psychological dependence [11][13] - Antihistamines work by blocking histamine receptors to alleviate allergy symptoms, and stopping their use does not result in withdrawal symptoms [13]

Core Viewpoint - The company, COFCO Technology, is actively engaging in futures hedging to mitigate market risks and has established a leading position in the biofuel sector, particularly in the production of D-alloheptulose sugar through a unique enzymatic process approved by health authorities [2][3]. Group 1: Stock Performance - As of July 7, 2025, COFCO Technology's stock closed at 5.85 yuan, down 1.35%, with a turnover rate of 1.33%, a trading volume of 246,400 shares, and a transaction value of 145 million yuan [1]. Group 2: Investor Inquiries and Company Responses - The company plans to continue its futures hedging activities in 2025 to control market risks related to raw materials and product prices [2]. - Alcohol and its by-products account for approximately 45% of the company's total sales revenue, with annual sales of around 1.3 million tons, including about 1 million tons of fuel ethanol, indicating a leading market share in the industry [2]. - The company has received approval from the National Health Commission for its enzymatic production of D-alloheptulose sugar, establishing a unique compliance position and market advantage in China [2].

Core Viewpoint - The World Health Organization (WHO) has launched the "3by35" initiative, aiming to increase the actual prices of tobacco, alcohol, and sugary drinks by at least 50% by 2035 through health taxes, which will help curb chronic diseases and generate significant public revenue [1][2]. Group 1 - The "3by35" initiative is expected to raise $1 trillion by 2035, based on evidence from countries like Colombia and South Africa [1][2]. - WHO emphasizes that health taxes are one of the most effective tools to reduce harmful product consumption and generate revenue for reinvestment in healthcare, education, and social security [1]. - WHO's Director-General highlighted the need for governments to adapt to new realities and strengthen their health systems using the funds raised from these taxes [2]. Group 2 - The initiative is the first to propose a specific price increase target for tobacco, alcohol, and sugary drinks, despite WHO's long-standing support for tobacco taxes and recent calls for taxing alcohol and sugary beverages [2]. - WHO encourages governments to review and avoid tax exemptions for unhealthy industries, which could undermine national health goals [2]. - The initiative has received support from organizations such as Bloomberg Philanthropies, the World Bank, and the OECD, which will assist countries willing to take action [4].

Group 1 - The Romanian Prime Minister announced a 10% increase in consumption taxes on alcohol, fuel, and tobacco [1] - This tax hike is part of broader fiscal measures aimed at addressing budget deficits and increasing government revenue [1] - The increase in taxes is expected to impact consumer prices and spending behavior in these sectors [1]

Core Points - The EU is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many export goods, while seeking lower tax rates on key industries such as pharmaceuticals, alcohol, semiconductors, and commercial aircraft [1] - The EU is pushing for the US to provide quotas and exemptions to effectively reduce the 25% tariff on cars and auto parts, as well as the 50% tariff on steel and aluminum [1] - The EU must reach a trade arrangement with Trump by July 9, or face a potential increase in tariffs on nearly all exports to the US to 50% [1] - The EU and the US are increasingly optimistic about reaching a temporary agreement before the July 9 deadline, allowing negotiations to continue beyond the deadline [2] - The EU is seeking to address non-tariff barriers through a simplified agenda and has proposed exploring strategic procurement in areas like liquefied natural gas and artificial intelligence [2] - The EU estimates that US tariffs currently cover about 70% of its exports to the US, amounting to approximately €380 billion [3] - The EU has prepared countermeasures, including tariffs on €21 billion worth of US goods, in response to Trump's metal tariffs, targeting politically sensitive US states [4] - An additional tariff list targeting €95 billion worth of US products is also prepared, focusing on industrial goods such as Boeing aircraft and American-made cars [4] - The EU will assess any final results of the negotiations and decide on the acceptable level of asymmetry in the agreement [5]

Core Viewpoint - The new U.S. dietary guidelines will remove the recommendation to limit alcohol intake to one to two drinks per day [1] Group 1 - The change in guidelines reflects a shift in public health recommendations regarding alcohol consumption [1] - This decision may influence consumer behavior and alcohol industry dynamics [1] - The removal of the limit could lead to increased alcohol consumption among certain demographics [1]