证券代码：000422 证券简称：湖北宜化 公告编号：2025-044 湖北宜化化工股份有限公司 关于董事辞任的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 湖北宜化化工股份有限公司（以下简称"公司"）董事会于 2025 年 4 月 27 日收到公司董事强炜先生的书面辞任报告。强炜先生因退 休原因，申请辞去公司第十届董事会董事职务及董事会战略委员会委 员职务。辞任后，强炜先生不再担任公司及所属子公司任何职务。强 炜先生的辞任不会导致公司董事会成员低于法定最低人数，不会导致 公司董事会人员构成不符合法律法规和《湖北宜化化工股份有限公司 章程》相关规定，其辞任报告自送达公司董事会之日起生效。公司将 结合董事会换届选举工作推进情况，按照法定程序选举新任董事及董 事会战略委员会委员。 截至本公告披露日，强炜先生持有公司股份 53,728 股，其所持 公司股份将严格按照法律有关规定进行管理。 湖北宜化化工股份有限公司 特此公告。 董事会 2025 年 4 月 28 日 ...

智通财经4月25日电，湖北宜化(000422.SZ)公告称，2025年一季度营业收入39.46亿元，同比下降 6.29%；归属于上市公司股东的净利润3401万元，同比下降75.14%。 湖北宜化：一季度净利润同比下降75.14% ...

湖北宜化化工股份有限公司 2025 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 湖北宜化化工股份有限公司 2025 年第一季度报告 证券代码：000422 证券简称：湖北宜化 公告编号：2025-043 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第一季度报告是否经审计 □是 否 1 湖北宜化化工股份有限公司 2025 年第一季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 是 □否 追溯调整或重述原因 □会计政策变更 □会计差错更正 同一控制下企业合并 □其他原因 | | 本报告期 | 上年同期 | | 本报告期比上年同期 增减（%） | | --- | --- | --- | --- | --- | | | | 调整前 | 调整后 | 调整后 | | ...

湖北宜化化工股份有限公司 2024 年度股东会决议公告 证券代码：000422 证券简称：湖北宜化 公告编号：2025-042 本公司及董事会全体成员保证信息披露内容的真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 2. 本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1. 会议时间： 现场会议时间：2025 年 4 月 24 日（周四）14:30 网络投票时间：2025 年 4 月 24 日 其中，通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 4 月 24 日的交易时间，即 9:15-9:25，9:30-11:30 和 13:00-15:00； 通过深圳证券交易所互联网投票系统投票的时间为 2025 年 4 月 24 日 9:15 至 15:00 期间的任意时间。 2. 会议地点：宜昌市沿江大道 52 号 6 楼会议室。 3. 会议召开方式：本次股东会采用现场表决与网络投票相结合 的方式召开。 4. 会议召集人：公司董事会（第十届董事会第四十六次会议决议 召开本次股东会）。 5. 会议主持人：董事长卞平官先生。 特别提示： 1. 本次股东会未出现否决提案的情形 ...

湖北民基律师事务所 关于湖北宜化化工股份有限公司 2024 年度股东会的 法律意见书 中国湖北省宜昌市西陵区西陵一路 7-1 号勤业商务大厦 9 楼 10 楼 12 楼 电话：(86 717)6754 269；邮箱：minji@minjilaw.com 湖北民基律师事务所 关于湖北宜化化工股份有限公司 2024 年度股东会的 法律意见书 致：湖北宜化化工股份有限公司 湖北民基律师事务所（以下简称"本所"）受湖北宜化化工股份 有限公司（以下简称"湖北宜化"）委托，指派本所律师参加湖北宜 化2024年度股东会（以下简称"本次股东会"），并就本次股东会的 合法性进行见证，出具本法律意见书。 本法律意见书根据《中华人民共和国公司法》(以下简称"《公司 法》")等法律、法规、规范性文件以及《湖北宜化化工股份有限公司 章程》（以下简称"《公司章程》"）的有关规定而出具。 为出具本法律意见书，本所及经办律师依据《律师事务所从事证 券法律业务管理办法》和《律师事务所证券法律业务执业规则（试行）》 等规定，严格履行了法定职责，遵循了勤勉尽责和诚实信用原则，对 本次股东会所涉及的相关事项进行了必要的核查和验证，核查了本所 认为出 ...

Investment Rating - The report assigns a "Buy" investment rating for the company [10] Core Insights - The company achieved a year-on-year profit growth, with a focus on continuous industrial transformation and upgrading [5][6] - The company's fertilizer and chemical product sales increased, contributing to profit growth [6] - Management expenses increased primarily due to higher salary and stock incentive costs [7] - Key projects have been launched to reduce raw material costs and promote industrial chain transformation [8] - Earnings forecasts indicate significant profit growth potential, with projected net profits of 936 million, 1.099 billion, and 1.284 billion yuan for 2025, 2026, and 2027 respectively [9][12] Summary by Sections Financial Performance - In 2024, the company reported total revenue of 16.964 billion yuan, a slight decrease of 0.48% year-on-year, while net profit reached 653 million yuan, an increase of 44.32% [5][12] - The company’s fertilizer production was 2.879 million tons, up 2.32%, and sales were 2.8412 million tons, up 2.50% [6] - Chemical product production was 2.4208 million tons, up 14.54%, and sales were 2.4159 million tons, up 13.84% [6] Cost Management - The company successfully launched projects aimed at reducing raw material costs, including a clean coal gasification project and several upgrades in the phosphate chemical industry [8] Profit Forecast - The company is expected to see net profits of 9.36 billion, 10.99 billion, and 12.84 billion yuan from 2025 to 2027, with corresponding price-to-earnings ratios of 13.9, 11.8, and 10.1 times [9][12]

Investment Rating - The report assigns a "Buy" investment rating for the company [10] Core Insights - The company achieved a year-on-year profit growth, with a focus on continuous industrial transformation and upgrading [5][6] - The company's fertilizer and chemical product sales increased, contributing to profit growth [6] - Management expenses increased primarily due to higher salary and stock incentive costs [7] - Key projects have been launched to reduce raw material costs and promote industrial chain transformation [8] - Earnings forecasts indicate significant profit growth potential for the coming years [9] Summary by Sections Financial Performance - In 2024, the company reported total revenue of 16.964 billion yuan, a slight decrease of 0.48% year-on-year, while net profit attributable to shareholders was 653 million yuan, an increase of 44.32% year-on-year [5][12] - For Q4 2024, the company recorded a revenue of 3.443 billion yuan, a year-on-year increase of 3.03%, but a quarter-on-quarter decrease of 22.78% [5] Product Sales - Fertilizer production in 2024 reached 2.879 million tons, up 2.32% year-on-year, with sales of 2.8412 million tons, an increase of 2.50% [6] - Chemical product production was 2.4208 million tons, a year-on-year increase of 14.54%, with sales of 2.4159 million tons, up 13.84% [6] Cost Management - The management expense ratio increased due to rising salary and stock incentive costs, with sales, management, financial, and R&D expense ratios showing slight changes [7] Strategic Projects - The company successfully launched a clean coal gasification project to lower raw material costs and is investing in various projects to upgrade its phosphate chemical industry [8] - Upcoming projects include a 400,000-ton phosphate ammonium production facility and a 20,000-ton sulfur-based compound fertilizer project [8] Profit Forecast - The company is expected to achieve net profits of 936 million yuan, 1.099 billion yuan, and 1.284 billion yuan for 2025, 2026, and 2027 respectively, with corresponding P/E ratios of 13.9, 11.8, and 10.1 [9][12]

Group 1: Company Performance - The company achieved a net profit attributable to shareholders of 653 million yuan in 2024, representing a year-on-year growth of 44.32% [3] - Earnings per share increased to 0.6108 yuan, up by 30.29% compared to the previous year [3] - The proposed cash dividend for 2024 is 2.00 yuan per 10 shares, which is expected to account for 33.18% of the net profit [3] Group 2: Shareholder Engagement and Value Management - The controlling shareholder, Yihua Group, completed three rounds of share buybacks totaling 711 million yuan from May 2023 to June 2024, signaling confidence in the company's sustainable development [3] - The company emphasizes value management through various strategies, including cash dividends, share buybacks, and investor relations management [5] - The company is committed to enhancing the accessibility and transparency of its value discovery process to protect shareholder rights [3] Group 3: Future Growth Strategies - Future growth will focus on expanding the industrial chain, developing new fields, and enhancing high-end chemical products [2] - The company plans to maintain a balance between performance growth and shareholder returns through mergers, acquisitions, and capital expenditure [4] - Capital expenditures in the next two years will support major strategic developments, including industry upgrades and vertical integration [6] Group 4: Market Position and Challenges - The company operates in a mature and competitive fertilizer and chemical industry, with its products like diammonium phosphate and urea positioned at an upper level in the domestic market [2] - Export business accounted for 18.30% of total revenue in 2024, with stable sales networks in Southeast Asia, the Middle East, and South America [4] - The company is addressing external market factors and investor perceptions that may affect stock performance [2]

Core Viewpoint - The company, Hubei Yihua, is focusing on enhancing its production capabilities and financial performance in 2024, with significant growth in net profit and asset value, while also pursuing strategic projects and restructuring efforts [2][3]. Group 1: Financial Performance - In 2024, Hubei Yihua achieved a net profit of 653 million yuan, representing a year-on-year increase of 44.32% [2] - Earnings per share rose to 0.6108 yuan, up 30.29% compared to the previous year [2] - Total assets reached 26.713 billion yuan, a 24.40% increase year-on-year, while equity attributable to shareholders grew by 11.88% to 7.362 billion yuan [2] - The company's weighted average return on equity was 9.18%, reflecting a 0.96% increase from the previous year [2] Group 2: Production Capacity and Strategy - Hubei Yihua has a total annual production capacity of 1.56 million tons of urea, 1.26 million tons of diammonium phosphate, and 720,000 tons of PVC, placing it among the industry leaders [2] - The company is implementing a series of projects aimed at upgrading its production facilities and enhancing its product offerings, including the construction of a fluorosilicon industrial park and the shutdown of unprofitable operations [2] - The company is also responding to environmental policies by upgrading its production processes and relocating facilities to comply with regulations [2] Group 3: Market Position and Competitive Advantages - Hubei Yihua has established a strong market presence with stable export channels in regions such as Southeast Asia and the Middle East, while maintaining a competitive edge in domestic markets [2] - The company benefits from a vertically integrated operation model, which helps in reducing costs and ensuring stable profit margins [3] - Hubei Yihua has a robust research and development framework, with 393 patents, including 75 invention patents, and partnerships with 16 universities and research institutions [3] Group 4: Future Plans and Shareholder Returns - The company plans to distribute a cash dividend of 2 yuan per 10 shares, totaling approximately 217 million yuan, which is 33.18% of the 2024 net profit [3] - Hubei Yihua aims to enhance shareholder returns by increasing the cash dividend ratio to at least 30% of the annual net profit over the next three years [3] - The company is focusing on deepening the integration of strategic resources with its controlling shareholder, Yihua Group, to optimize resource allocation and enhance operational efficiency [3]

Investment Rating - The report maintains a "Buy" rating for Hubei Yihua (000422) [1] Core Views - The company reported a year-on-year increase in net profit by 44.32% to 653 million yuan, despite a slight decline in revenue by 0.48% to 16.964 billion yuan in 2024 [3][4] - The company is focusing on asset integration and expanding its chemical industry supply chain, which is expected to enhance profitability [4][5] - Future profit projections for 2025, 2026, and 2027 are 953 million yuan, 1.139 billion yuan, and 1.304 billion yuan respectively, with corresponding PE ratios of 14, 11, and 10 times [5][6] Financial Performance - In 2024, the company achieved revenue of 16.964 billion yuan, with a gross margin of 13.74% and a net margin of 5.27%, reflecting improvements in profitability metrics [3][6] - The company plans to distribute a cash dividend of 2 yuan per share, totaling 217 million yuan, which is 33.18% of its net profit [3][5] - The company’s existing production capacities include 1.56 million tons/year of urea, 1.26 million tons/year of diammonium phosphate, and 840,000 tons/year of PVC [3][4] Future Outlook - The company is set to acquire 100% of Yichang Xinfatou, increasing its stake in Xinjiang Yihua from 35.597% to 75%, which will enhance its operational scale and cost advantages [4][5] - The projected revenue growth rates for the next three years are 6.36% in 2025, 2.77% in 2026, and 4.28% in 2027 [6][7] - The company emphasizes shareholder returns, committing to a minimum annual cash dividend of 30% of net profit over the next three years [5][6]