Core Viewpoint - The company, Liuguo Chemical (600470.SH), announced that its subsidiary, Hubei Liuguo Chemical Co., Ltd., has received a government subsidy of RMB 4.5 million, which accounts for 17.87% of the company's audited net profit attributable to shareholders for 2024 [1] Group 1 - The government subsidy received is related to revenue [1] - The amount of the subsidy is RMB 4.5 million [1] - The subsidy represents a significant percentage of the company's projected net profit for 2024 [1]

Core Viewpoint - Six Nations Chemical (600470.SH) is expected to report a significant loss in 2025, with both net profit and net profit after deducting non-recurring items projected to exceed a loss of 400 million yuan, marking the first time in six years that the company will transition from profit to loss [1][7]. Group 1: Financial Performance - The company anticipates a net profit loss of 480 million to 410 million yuan for 2025, compared to a profit of 25.18 million yuan in the previous year [2][8]. - The net profit after deducting non-recurring items is expected to be a loss of 485 million to 415 million yuan, down from a profit of 12.21 million yuan in the previous year [2][8]. - In the first three quarters of 2025, the company reported a revenue of 5.005 billion yuan, a year-on-year increase of 3.9%, but a net profit loss of 207.3 million yuan, a decline of 640% [9][3]. - The company's gross profit margin fell to 5.75%, the lowest in nearly a decade, due to rising costs and asset impairment losses [7][12]. Group 2: Industry Challenges - The fertilizer industry is facing overcapacity and rising raw material prices, which have significantly weakened the profitability of Six Nations Chemical [1][7]. - The company relies heavily on external procurement for key raw materials like phosphate rock and sulfuric acid, which puts it at a cost disadvantage compared to competitors with upstream resource control [2][8]. - The domestic fertilizer market is experiencing intensified competition and export restrictions, leading to a substantial decline in export sales [2][8]. Group 3: Strategic Initiatives - In January, the company announced a fundraising plan of up to 800 million yuan for a 280,000 tons/year battery-grade refined phosphoric acid project, aiming to diversify its business beyond basic fertilizers [6][13]. - The project has a construction period of 24 months, with potential risks if market demand does not meet expectations or if there are significant changes in technology [6][13]. - The fundraising application has been accepted by the Shanghai Stock Exchange, but its approval remains uncertain [6][13].

股票代码：600470 股票简称：六国化工 公告编号：2026-003 安徽六国化工股份有限公司 关于获得政府补助的公告 二、补助的类型及其对上市公司的影响 公司根据《企业会计准则第16号—政府补助》的有关规定，确认 上述事项并划分补助类型。上述政府补助未经审计，具体会计处理及 对公司2026年度以及以后年度损益的影响，最终以审计机构年度审计 确认后的结果为准。敬请投资者注意投资风险。 特此公告。 安徽六国化工股份有限公司董事会 2026 年 2 月 7 日 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。 一、获得补助的基本情况 安徽六国化工股份有限公司（以下简称"公司"）之子公司湖北六 国化工股份有限公司于近日收到政府补助人民币450.00万元，占公司 2024年经审计归属于上市公司股东净利润的比例为17.87%。上述政府 补助属于与收益相关的政府补助。 ...

Group 1 - The core point of the article is that Hubei Liuguo Chemical Co., a subsidiary of Anhui Liuguo Chemical Co., has received a government subsidy of 4.5 million RMB, which accounts for 17.87% of the company's audited net profit attributable to shareholders for 2024 [1] Group 2 - The government subsidy is significant for the company's financial performance, indicating potential support for its operations and growth [1] - The announcement highlights the importance of government assistance in the chemical industry, which may influence investor sentiment and market dynamics [1]

Group 1 - The agricultural chemical sector experienced a significant decline of 6.88% on February 2, with Hongda Co. leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] - Key stocks in the agricultural chemical sector saw substantial losses, with Hongda Co. down 10.02% to 14.63, and Zhongnong United down 10.01% to 18.52 [1] Group 2 - The agricultural chemical sector saw a net outflow of 2.269 billion yuan from main funds, while retail investors had a net inflow of 2.299 billion yuan [1] - Individual stock fund flows showed varied results, with Guangxin Co. experiencing a net outflow of 40.09 million yuan from main funds [2] - Longqing Co. had a net inflow of 4.18 million yuan from main funds, while Jinzhen Co. saw a net outflow of 3.77 million yuan from retail investors [2]

Group 1 - The company, Liuguo Chemical (600470), responded to investor inquiries on an interactive platform, emphasizing its commitment to ensuring all investors receive equal access to company information [1] - The company disclosed shareholder information at specific points in time within its regular reports to maintain transparency [1]

晨会纪要（R3） 晨会纪要 2026 年 01 月 27 日 | 市场数据 | | | | --- | --- | --- | | 指数名称 | 收盘 | 涨跌% | | 上证指数 | 4132.61 | -0.09 | | 深证成指 | 14316.64 | -0.85 | | 创业板指 | 3319.15 | -0.91 | | 科创 50 | 1532.80 | -1.35 | | 北证 50 | 1565.70 | -1.45 | | 沪深 300 | 4706.96 | 0.10 | 上证指数-沪深 300 走势图 -6% 4% 14% 24% 34% 2025-01 2025-04 2025-07 2025-10 上证指数 沪深300 | 何晨 | 分析师 | | --- | --- | | 执业证书编号:S0530513080001 | | | hechen@hnchasing.com | | | 周剑 | 分析师 | | 执业证书编号:S0530525090001 | | | zhoujian64@hnchasing.com | | 晨会聚焦 一、财信研究观点 【债券研究】债券市场综述 二、重 ...

一、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 股票简称：六国化工 股票代码：600470 公告编号：2026-002 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。 重要内容提示： ● 业绩预告的适用情形：净利润为负值。 ● 安徽六国化工股份有限公司（以下简称"公司"）预计2025年度实现归属于母公司所有者的净利润 为-48,000万元到-41,000万元；预计2025年度实现归属于母公司所有者的扣除非经常性损益后的净利润 为-48,500万元到-41,500万元。 三、本期业绩预亏的主要原因 经公司财务部门初步测算，预计2025年度实现归属于母公司所有者的净利润为-48,000万元到-41,000万 元，将出现亏损。 预计2025年度实现归属于母公司所有者的扣除非经常性损益的净利润为-48,500万元到-41,500万元。 报告期内，受宏观经济环境和国家对化肥稳价保供、出口管控等政策的影响，国内化肥市场竞争加剧， 国际市场出口受限，产品出口销量同比较大幅度下降。 ...

六国化工（600470）1月26日晚发布2025年年度业绩预告，公司预计2025年度实现归属于母公司所有者 的净利润为-4.8亿元到-4.1亿元。预计2025年度实现归属于母公司所有者的扣除非经常性损益的净利润 为-4.85亿元到-4.15亿元。 上年同期，六国化工实现归属于母公司所有者的净利润2517.54万元，归属于母公司所有者的扣除非经 常性损益的净利润1220.98万元。 六国化工表示，报告期内，受宏观经济环境和国家对化肥稳价保供、出口管控等政策的影响，国内化肥 市场竞争加剧，国际市场出口受限，产品出口销量同比较大幅度下降。公司生产所需大宗原材料以外购 为主，报告期内主要原料采购价格同比显著上涨。其中，磷矿价格维持高位；国际硫磺价格持续攀升， 带动国内硫磺、硫酸采购成本同比大幅上涨；钾肥采购价格同比也明显上涨，导致公司磷肥产品成本同 比大幅上升。同时，公司基于企业会计准则等相关规定，结合当前行业状况，对部分资产计提减值准 备。 综上，公司2025年度业绩出现亏损。 六国化工主营业务为化肥(含氮肥、磷肥、钾肥)、肥料(含复合肥料、复混肥料、水溶肥及微生物肥 料)、化学制品(含精制磷酸、磷酸盐)、化学原料 ...

报告期内，受宏观经济环境和国家对化肥稳价保供、出口管控等政策的影响，国内化肥市场竞争加剧， 国际市场出口受限，产品出口销量同比较大幅度下降。 六国化工（600470）(600470.SH)发布2025年年度业绩预告，预计2025年度实现归属于母公司所有者的 净利润为-48,000万元到-41,000万元，将出现亏损。 公司生产所需大宗原材料以外购为主，报告期内主要原料采购价格同比显著上涨。其中，磷矿价格维持 高位;国际硫磺价格持续攀升，带动国内硫磺、硫酸采购成本同比大幅上涨;钾肥采购价格同比也明显上 涨，导致公司磷肥产品成本同比大幅上升。 ...