广西石化、福建百宏两大项目开车成功，2025Q1-3 营业收入+48.16% ——北交所信息更新 2025 年 11 月 03 日 投资评级：增持（维持） | 日期 | 2025/11/3 | | --- | --- | | 当前股价(元) | 32.98 | | 一年最高最低(元) | 42.58/26.10 | | 总市值(亿元) | 25.86 | | 流通市值(亿元) | 12.98 | | 总股本(亿股) | 0.78 | | 流通股本(亿股) | 0.39 | | 近 3 个月换手率(%) | 168.5 | 北交所研究团队 2025Q1-3 营业收入 4.13 亿元同比增长 48.16%，维持"增持"评级 瑞华技术公布三季报，2025Q1-3 实现营业收入 4.13 亿元，同比增长 48.16%，其 中 Q3 单季收入达 2.43 亿元，同比+187.29%；2025Q1-3 归母净利润为 5670 万元， 同比下降 26.93%。我们维持盈利预测，预计 2025-2027 年实现归母净利润 1.28/1.75/2.12 亿元，对应 EPS 为 1.63/2.23/2.70 元，当前股价对应 P ...

-25Q3 业绩符合预期，设备及催化剂首装确收,拟投 建 20 万吨高端工程塑料产业化项目 报告原因: 有业绩公布需要点评 增持(维持) | 市场数据: | 2025 年 10 月 30 日 | | --- | --- | | 收盘价（元） | 30.55 | | 一年内最高/最低（元） | 42.58/26.10 | | 市净率 | 2.7 | | 股息率%（分红/股价） | 2.29 | | 流通 A 股市值 (百万元) | 1.202 | | 上证指数/深证成指 | 3,986.90/13,532.13 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2025年09月30日 | | --- | --- | | 每股净资产 (元) | 11.13 | | 资产负债率% | 37.59 | | 总股本/流通 A 股 (百万) | 78/39 | | 流通 B 股/H 股 (百万) | | 年内股价与大儒对 市公司 基础化工 2025 年 10 月 31 日 瑞华技术 (920099) 刘靖 A0230512070005 liujing@swsresearch.com 郑菁华 A0 ...

Group 1: Investor Relations Activity Overview - The investor relations activity was an earnings briefing held on May 16, 2025, from 15:00 to 16:30 [3] - The event took place on the "Investor Relations Interactive Platform" [3] - Key attendees included the Chairman, CFO, and other senior executives of the company [3] Group 2: Key Topics Discussed - The earnings briefing included a video interpretation of the annual report and an overview of the company's 2024 operational performance [4] - The catalyst project is expected to commence production in June 2025, with initial revenue and profit gradually increasing [5] - The company is actively monitoring the market for biodegradable plastics due to low demand and will disclose relevant updates [5] Group 3: Market Expansion and Future Projects - The company is expanding its overseas market presence, with ongoing orders from Russia and the Middle East [5] - A new production project in Shandong is planned with a capacity of 200,000 tons/year for PS, SAN, ASA, and MS, which has completed necessary approvals [6] - The company aims to become a globally competitive entity in the petrochemical technology sector through continuous innovation and international exploration [6] Group 4: Profitability and Stock Management - The company is implementing measures to maintain high gross margins on its process packages, including quality improvement and cost optimization [8] - The Chairman has consistently increased his stock holdings, totaling 457,735 shares as of April 30, 2025, indicating confidence in the company's potential [8]