Core Viewpoint - Sanfu Co., Ltd. reported significant growth in both revenue and net profit for the third quarter of 2025, driven by increased profitability in potassium series products and silane coupling agents [1] Financial Performance - The company's third-quarter revenue reached 540 million yuan, representing a year-on-year increase of 23.52% [1] - Net profit for the third quarter was 25.68 million yuan, showing a substantial year-on-year growth of 162.25% [1] - For the first three quarters, total revenue amounted to 1.548 billion yuan, with a year-on-year growth of 15.2% [1] - Net profit for the first three quarters was 64.14 million yuan, reflecting a year-on-year increase of 26.92% [1] - Basic earnings per share stood at 0.17 yuan [1]

证券代码：603938 证券简称：三孚股份 公告编号：2025-049 唐山三孚硅业股份有限公司 2025年第三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个别及连带责任。 本公司根据《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—化工和相关通知的要求，唐山三孚硅业股份有限公司（以下简称"公司"） 现将 2025 年第三季度主要经营数据披露如下： 注1：硅系列产品包含三氯氢硅、高纯四氯化硅、气相二氧化硅、四氯化硅； 钾系列产品包含氢氧化钾、硫酸钾，其中氢氧化钾为浓度换算为100%所计算出的产 量、销量； 注2：硅系列产品产量、硅烷偶联剂产品产量不含公司内部消耗量。 注3：以上销售金额为不含税金额。硅系列产品新增气相二氧化硅、四氯化硅， 并调整同期可比数据，下同。 二、主要产品和原材料的价格变动情况 （一）主要产品价格变动情况 注：以上价格为不含税价格。 （二）主要原材料价格变动情况 1、氯化钾 2025 年上半年公司氯化钾平均采购价格呈先降后升再下降的波动趋势，第三季 度价格趋于平稳。 ...

Core Viewpoint - Sanfu Co., Ltd. (stock code: sh603938) experienced a trading halt with a price of 19.35 yuan, marking a 10.01% increase, supported by strong revenue growth, improved cash flow, and favorable potassium product performance [1] Company Performance - In the first half of 2025, Sanfu Co., Ltd. reported a stable growth in its main business, with revenue increasing by 11.18% year-on-year and net cash flow from operating activities surging by 125.23%, indicating enhanced operational quality [1] - The company's potassium product series saw both volume and price increases, with sales rising by 0.3% and prices up by 9.8%, contributing over 50% to total revenue and becoming a significant growth driver [1] - The procurement price of metallic silicon powder decreased by 26.14% year-on-year, alleviating cost pressures on silane coupling agent products and aiding in profit margin improvement [1] Industry Context - The chemical industry may be experiencing positive trends, as evidenced by the performance of certain stocks within the sector on the same day, suggesting a potential sector-wide momentum [1] - Significant capital inflow into Sanfu Co., Ltd. was noted, indicating strong interest from major investors [1]

证券代码：603938 证券简称：三孚股份 公告编号：2025-039 注2：硅系列产品产量、硅烷偶联剂产品产量不含公司内部消耗量。 注3：以上销售金额为不含税金额。硅系列产品新增气相二氧化硅、四氯化硅， 并调整同期可比数据，下同。 二、主要产品和原材料的价格变动情况 （一）主要产品价格变动情况 | 主要产品 | 2025年1-6月 平均售价（元/吨） | 2024年1-6月 平均售价（元/吨） | 变动幅度（%） | | --- | --- | --- | --- | | 硅系列产品 | 5,099.61 | 5,871.24 | -13.14 | | 钾系列产品 | 5,116.20 | 4,659.43 | 9.80 | | 硅烷偶联剂产品 | 12,914.28 | 14,336.41 | -9.92 | 唐山三孚硅业股份有限公司 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个别及连带责任。 本公司根据《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—化工和相关通知的 ...

Group 1 - The chemical sector is experiencing an upward trend, with the chemical ETF (516020) showing a slight increase of 0.15% despite market fluctuations [1][4] - Key stocks in the sector, such as Biyuan Chemical and Hongda Co., have seen significant gains, with increases of 3% and 3% respectively, while Huafeng Chemical and others also reported gains exceeding 1% [1][2] - Salt Lake Co. is actively advancing its 40,000-ton lithium salt integration project, aiming to meet its annual construction goals, which reflects the company's commitment to enhancing its industry positioning [3][4] Group 2 - The chemical ETF (516020) is heavily invested in major stocks, with nearly 50% of its portfolio allocated to large-cap leaders like Wanhua Chemical and Salt Lake Co., providing investors with opportunities to capitalize on strong market players [4][5] - The chemical industry is expected to enter a replenishment cycle due to anticipated fiscal policy support from China and the U.S., alongside the exit of certain European facilities, which may boost demand and improve market conditions [4][5] - The valuation of the chemical ETF indicates a favorable long-term investment opportunity, with the index's price-to-book ratio at 2.06, suggesting a low valuation compared to historical levels [3][4]

Group 1 - The chemical sector is experiencing an upward trend, with the Chemical ETF (516020) showing a slight increase of 0.15% despite market fluctuations [1][2] - Key stocks in the sector, such as Boryuan Chemical and Hongda Co., have seen significant gains, with both rising by 3%, while Huafeng Chemical increased by over 2% [1][3] - Salt Lake Co. is actively advancing its 40,000-ton lithium salt integration project, aiming to meet its annual construction goals by September 2025, which reflects the company's commitment to enhancing its market position [3][4] Group 2 - The Chemical ETF (516020) is heavily invested in major stocks, with Salt Lake Co. being the second-largest holding at 6.43% as of Q2 2025 [3][4] - The valuation of the Chemical ETF indicates a price-to-book ratio of 2.06, which is at a low point historically, suggesting a favorable long-term investment opportunity [4][5] - Analysts predict that the chemical industry may enter a replenishment cycle due to fiscal policy changes in China and the U.S., alongside the exit of certain European facilities, which could enhance the sector's profitability [5][6] Group 3 - The Chemical ETF (516020) tracks the sub-sector chemical industry index, covering various segments, with nearly 50% of its holdings in large-cap stocks like Wanhua Chemical and Salt Lake Co. [6][7] - The ETF provides a diversified approach to investing in the chemical sector, allowing investors to capitalize on growth opportunities across different chemical sub-industries [6][7] - Recent government initiatives aimed at reducing "involution" in competition are expected to lead to a more orderly market environment, benefiting the chemical sector [5][6]

Core Viewpoint - The company is actively advancing its 40,000-ton integrated lithium salt project, aiming for a trial operation by the end of September 2025, while benefiting from a recovery in potassium product prices that has positively impacted its operational performance [1] Group 1 - The company is concentrating resources and enhancing coordination to meet its annual construction goals for the lithium salt project [1] - The project is being managed under a "map-based operation and reverse scheduling" mechanism to ensure timely progress [1] - The recovery in potassium product prices has significantly contributed to the steady improvement of the company's operating performance [1]

证券代码：603938 证券简称：三孚股份 公告编号：2025-026 唐山三孚硅业股份有限公司 2025年第一季度主要经营数据公告 二、主要产品和原材料的价格变动情况 （一）主要产品价格变动情况 | 主要产品 | 2025年1-3月 平均售价（元/吨） | 2024年1-3月 平均售价（元/吨） | 变动幅度（%） | | --- | --- | --- | --- | | 硅系列产品 | 4,999.46 | 6,176.69 | -19.06 | | 钾系列产品 | 5,059.23 | 4,708.02 | 7.46 | | 硅烷偶联剂产品 | 13,835.76 | 14,715.38 | -5.98 | 一、主要产品的产量、销量及收入实现情况 主要产品 2025年1-3月 产量（吨） 2025年1-3月 销量（吨） 2025年1-3月 销售金额（万元） 硅系列产品 15,884.58 16,146.18 8,072.23 钾系列产品 53,008.62 55,703.28 28,181.55 硅烷偶联剂产品 8,017.09 8,422.12 11,652.65 注：以上价格为不含税价格。 本公司 ...

证券代码：603938 证券简称：三孚股份 公告编号：2025-016 唐山三孚硅业股份有限公司 2024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个别及连带责任。 本公司根据《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—化工和相关通知的要求，唐山三孚硅业股份有限公司（以下简称"公司"） 现将 2024 年度主要经营数据披露如下： 一、主要产品的产量、销量及收入实现情况 | 主要产品 | 2024年产量（吨） | 2024年销量（吨） | 2024年销售金额 （万元） | | --- | --- | --- | --- | | 硅系列产品 | 69,664.69 | 71,224.98 | 40,950.47 | | 钾系列产品 | 182,399.13 | 176,415.89 | 82,314.41 | | 硅烷偶联剂产品 | 34,847.15 | 32,591.51 | 46,065.02 | 二、主要产品和原材料的价格变动情况 注：以上价格为不含税价格。 （一）主要产品价 ...

Core Insights - Sanfu Co., Ltd. (603938) announced its production and sales figures for 2024, highlighting significant output and revenue across its product lines [1] Product Performance - Silicon series products: - Production: 69,664.69 tons - Sales: 71,224.98 tons - Revenue: 410 million yuan - Average selling price: 5,749.45 yuan/ton [1] - Potassium series products: - Production: 182,400 tons - Sales: 176,400 tons - Revenue: 823 million yuan - Average selling price: 4,665.93 yuan/ton [1] - Silane coupling agent products: - Production: 34,847.15 tons - Sales: 32,591.51 tons - Revenue: 461 million yuan - Average selling price: 14,134.05 yuan/ton [1]