证券代码：600389 证券简称：江山股份 公告编号：临 2025-051 南通江山农药化工股份有限公司 2025年半年度权益分派实施公告 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。 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 9 月 11 日的2025年第三次临时股东会审议通过。 重要内容提示： 每股分配比例 二、 分配方案 A 股每股现金红利0.45元 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 相关日期 3. 分配方案： | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/10/16 | － | 2025/10/17 | 2025/10/17 | 1. 发放年度：2025年半年度 2. 分派对象： 三、 相关日期 | 股份类别 | 股权登记日 | ...

南财智讯10月9日电，江山股份公告，四川省乐山市福华作物保护科技投资有限公司（以下简称"福华科 技"）作为持有江山股份5%以上股份的股东，根据2025年6月10日披露的减持计划，福华科技计划在 2025年7月2日至2025年10月1日期间通过集中竞价、大宗交易方式减持不超过1291.95万股，即不超过公 司总股本的3%。实际减持过程中，福华科技通过集中竞价方式减持430.65万股，占公司总股本的1%， 减持价格区间为19.50至21.76元/股，减持总金额为8593.46万元，尚余861.30万股未完成减持。截至2025 年10月10日，福华科技持有江山股份2090.64万股，占公司总股本的4.85%。 ...

江山股份公告，股东四川省乐山市福华作物保护科技投资有限公司于2025年7月4日～2025年7月17日通 过集中竞价方式减持公司股份430.65万股，减持比例1%，成交价格区间19.5～21.76元/股，套现8593.46 万元；本次减持计划期限届满，原拟减持不超过1291.95万股（不超过3%），尚余861.3万股未减持。减 持后其持股2090.64万股，占公司总股本4.85%。 ...

Group 1 - The report highlights that the A-share market is expected to trend upward after a period of consolidation, focusing on three main directions: policy catalysis, economic recovery, and benefits from interest rate cuts [4][14][17] - The report emphasizes the importance of monitoring the U.S. government shutdown and its potential impact on asset volatility, while also noting the relatively mild market reaction so far [15][16] - Domestic policies are expected to provide short-term support, with significant attention on the 14th Five-Year Plan and the upcoming APEC meeting for potential U.S.-China progress [16][17] Group 2 - The report identifies ten key stocks for October, including companies from various sectors such as electronics, automotive, and new energy, with no specific ranking among them [5][12] - The electronic sector features companies like Zhongwei Company and Fudan Microelectronics, which are expected to benefit from advancements in technology and market demand [18][22] - The automotive sector includes Moulding Technology, which is positioned to gain from increasing demand for lightweight and customized exterior parts due to the shift towards electric vehicles [34][36] Group 3 - In the electronics sector, Zhongwei Company reported a significant revenue increase of 36.46% year-on-year for the first half of 2024, although net profit saw a decline due to increased costs [18][19] - Fudan Microelectronics is facing intense competition in the market, leading to a slight decrease in revenue and profit, but is advancing its FPGA product line to maintain a competitive edge [22][23] - Moulding Technology is expected to see a recovery in profitability due to new projects with major automotive clients, projecting revenues of 71.4 billion yuan for 2024 [32][34] Group 4 - The report indicates that Meihu Co. is diversifying into new energy vehicles while maintaining strong growth in its traditional pump business, with a projected revenue increase for 2025 [39][40] - Shenzhen New Star is experiencing a significant recovery in performance, with a projected revenue of 15 billion yuan for the first half of 2025, driven by a rebound in lithium hexafluorophosphate prices [43][44] - Luoyang Molybdenum Co. reported a record net profit of 8.67 billion yuan for the first half of 2025, driven by increased production and rising prices of copper and cobalt [49][50]

Group 1 - The core viewpoint indicates that the chemical industry is experiencing mixed performance, with some products seeing price increases while others decline, influenced by external factors such as the Federal Reserve's interest rate cuts and geopolitical tensions [1][2] - Key products with significant price increases this week include synthetic ammonia (up 8.58%), lithium battery electrolyte (up 5.71%), and aniline (up 3.90%), while natural gas saw a notable decline of 7.90% [1][2] - The overall chemical industry remains weak, with varying performance across sub-sectors, largely due to past capacity expansions and weak demand, although some sectors like lubricants are performing better than expected [2] Group 2 - Investment opportunities are suggested in areas such as glyphosate, fertilizers, import substitution, domestic demand, and high-dividend assets [2] - Specific recommendations include focusing on the glyphosate sector, which is showing signs of recovery, and selecting companies with strong competitive positions and growth potential, such as Ruifeng New Materials and Baofeng Energy [2] - The report emphasizes the importance of domestic demand in the chemical industry, particularly for nitrogen and phosphate fertilizers, with companies like Hualu Hengsheng and China Heartlink Fertilizer being highlighted for their robust market positions [2]

Core Insights - The glyphosate concept sector saw an increase of 0.94%, ranking third among concept sectors, with 13 stocks rising, including Li Er Chemical, Jiangshan Co., and Yangnong Chemical, which rose by 6.17%, 2.70%, and 2.10% respectively [1] - The sector experienced a net inflow of 0.20 billion yuan from main funds, with Li Er Chemical leading the inflow at 13.30 million yuan [1] Market Performance - The top-performing concept sectors included soybeans at 1.02%, and the glyphosate sector at 0.94%, while sectors like Tonghuashun Fruit Index and AI PC saw declines of -4.09% and -4.01% respectively [1] - The main funds' net inflow rates for Jiangtian Chemical, Hebang Biological, and Ando Mai A were 10.43%, 6.41%, and 3.60% respectively [2] Stock Performance - Li Er Chemical led the glyphosate sector with a daily increase of 6.17% and a turnover rate of 5.86%, with a net inflow of 13.30 million yuan [2] - Jiangtian Chemical and Hebang Biological also showed positive performance with increases of 0.67% and 0.00% respectively, and significant net inflows of 7.54 million yuan and 10.25 million yuan [2][3] - Stocks such as Nuobing and Taihe Co. experienced declines of -0.85% and -0.58% respectively, indicating some volatility within the sector [3]

Core Viewpoint - Jiangshan Chemical achieved a revenue of 3.36 billion yuan in the first half of the year, marking a year-on-year increase of 6.07%, while net profit attributable to shareholders surged by 98.18% to 338 million yuan [1] Group 1: Financial Performance - The company reported a revenue of 3.36 billion yuan, reflecting a growth of 6.07% compared to the previous year [1] - Net profit attributable to shareholders reached 338 million yuan, representing a significant increase of 98.18% year-on-year [1] Group 2: Market Strategy - The chairman emphasized the company's commitment to market expansion by leveraging technology, channels, and supporting advantages [1] - Jiangshan Chemical adopted a "sales first" core directive to motivate the sales team to enhance market share [1] - The company is strengthening collaborations with multinational corporations to boost brand influence [1] Group 3: Cost Management and Efficiency - Jiangshan Chemical has made notable progress in cost reduction and efficiency improvement through optimized procurement management and ongoing technological innovation [1] - The company focuses on process optimization and resource recycling to enhance resource conversion efficiency, leading to reduced consumption and costs of raw materials and energy [1]

Core Insights - Jiangshan Co., Ltd. through its subsidiary Guizhou Wengfu Jiangshan Chemical Co., Ltd. has announced a public tender for a project related to the procurement of evaporators and heat exchangers for a chlor-alkali by-product hydrogen peroxide project, with a budget of 10 million yuan [1] Company Summary - Guizhou Wengfu Jiangshan Chemical Co., Ltd. is a subsidiary of Jiangshan Co., Ltd., holding a 35% stake in the company [1]

公司已于 2025 年 9 月 18 日完成了工商变更登记，取得了南通市数据局换发 的《营业执照》，本次《营业执照》变更仅涉及增加经营范围，其他登记信息未 变，换发后的《营业执照》所载经营范围为：化学农药、有机化学品、无机化学 品、高分子聚合物、纳米材料、耐火绝热产品制造、加工、销售（国家有专项规 定的办理审批手续后经营）。经营本企业自产产品及相关技术的出口业务；经营 本企业生产、科研所需的原辅材料、机械设备、仪器仪表、零配件及相关技术的 进口业务；经营本企业的进料加工和"三来一补"业务。化学技术咨询服务。工 业盐的零售。在港区内从事货物装卸、仓储经营。（依法须经批准的项目，经相 关部门批准后方可开展经营活动） 一般项目：船舶港口服务；非居住房地产租赁；煤炭及制品销售（除依法须 经批准的项目外，凭营业执照依法自主开展经营活动） 特此公告。 南通江山农药化工股份有限公司董事会 2025 年 9 月 19 日 证券代码：600389 证券简称：江山股份 公告编号：临 2025—050 南通江山农药化工股份有限公司 关于完成工商变更登记的公告 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 ...

Core Viewpoint - The continuous expansion of crop planting area in China is driving the growth of the herbicide market, with increasing demand for long-lasting herbicides in non-agricultural sectors such as railways and industrial parks, leading companies to develop environmentally friendly formulations with a duration of over six months [1][9]. Summary by Sections Overview - The herbicide market is defined under the revised "Pesticide Management Regulations" by the State Council, which categorizes herbicides as substances used to suppress or kill weeds, thereby protecting crops [2]. - There are over 300 types of herbicides, classified into thirteen categories based on their chemical structure [2]. Industry Chain - The upstream of the herbicide industry includes suppliers of petrochemical raw materials, inorganic chemicals, and production equipment, while the midstream consists of glyphosate processing enterprises, and the downstream primarily serves agricultural and non-agricultural weed control markets [7][8]. Current Development - The total production of agricultural raw materials in China is projected to reach 3.3126 million tons in 2024, with herbicides accounting for 1.2719 million tons, representing 38.40% of the total [1][9]. - The demand for herbicides is expected to grow due to the continuous increase in crop planting area, which reached 173 million hectares in 2024, with various crops showing positive growth rates [8]. Import and Export Trade - In 2024, China's herbicide exports are expected to reach 2.1244 million tons, generating an export revenue of approximately $5.085 billion, with retail packaging accounting for 57.21% of the exports [10]. Competitive Landscape - The herbicide market in China is characterized by the coexistence of domestic and foreign companies, with leading firms like Bayer, Syngenta, and BASF holding significant market shares, while domestic companies such as Adama, Xingfa Group, and New Hope Group have also enhanced their market competitiveness [11]. Key Companies - Adama's revenue in 2024 is projected to exceed 29.49 billion yuan, with herbicide sales contributing 39.77% of its total revenue [11]. - New Hope Group is expected to achieve a revenue of 14.67 billion yuan in 2024, with a gross profit margin of 11.07% [12]. Future Trends - The future of the herbicide industry may see the integration of drone technology for real-time weed monitoring and targeted application, as well as a shift towards a closed-loop ecosystem that encompasses research, production, service, and recycling [13].