China Salt Chemical 中盐化工
7 significant filings since 29 May 2026: 2 on major holder buying, 2 on dividend and 1 on guarantee or financial assistance, and 2 other kinds. The latest, on 17 Sep 2026: 中盐化工关于履行担保责任的公告.
自 29 May 2026 起有 7 份重大公告：major holder buying 2 份、dividend 2 份、guarantee or financial assistance 1 份，另有 2 类。最新一份（17 Sep 2026）：中盐化工关于履行担保责任的公告。
As of 25 Sep 2026 截至2026年9月25日
China Salt Chemical 中盐化工, listed in 2000, operates in the Basic Chemicals industry. The company reported lower revenue and a sharply reduced profit in 2025, with attributable net profit falling to RMB73.9m from RMB518.8m. The first half of 2026 showed a further deterioration, turning to a loss of -RMB272.2m. Margins and returns are low, with a 2025 net margin of 1.0% and ROE of 0.6%. Operating cash flow per share declined from RMB0.40 in 2024 to RMB0.06 in 2025. In the first half of 2026, operating cash flow per share was -RMB0.23. The company's current ratio is below 1, indicating short-term liquidity pressure. A recent filing reported the release of pledged shares by the controlling shareholder. Market performance has weakened, with a one-year price change of -25.9%.
中盐化工于2000年上市，属于化学原料行业。公司2025年营业收入下降，归母净利润从5.19亿元大幅降至7,394.9万元。2026年上半年进一步恶化，归母净利润由盈转亏，为-2.72亿元。2025年净利率为1.0%，净资产收益率为0.6%，盈利水平较低。每股经营现金流从2024年的0.40元降至2025年的0.06元。2026年上半年每股经营现金流为-0.23元。公司流动比率低于1，显示短期偿债压力。近期公告显示控股股东解除股份质押。股价表现疲软，一年涨跌幅为-25.9%。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Current ratio below 1: current liabilities exceed current assets 流动比率低于1：流动负债超过流动资产 | Current liabilities exceed current assets. 流动负债超过流动资产。 | A current ratio below 1 at 0.78 indicates the company may face difficulty meeting short-term obligations. This could strain liquidity and increase reliance on financing or asset sales. 流动比率0.78，低于1，表明公司可能难以偿还短期债务。这可能加剧流动性压力，增加对外部融资或资产变现的依赖。 |
- Change in attributable net profit for the full year 2026 compared to 2025.
2026全年归母净利润相比2025年的变动情况。 - Operating cash flow per share in the 2026 full-year report.
2026全年报告中的每股经营现金流。 - Movement in receivable days and inventory days as of 31 Dec 2026.
截至2026年12月31日的应收账款周转天数和存货周转天数变动。
- Company: China Salt Chemical 中盐化工, Shanghai Stock Exchange 600328; industry Basic Chemicals; listed 22 Dec 2000.
公司：中盐化工，上海证券交易所 600328；行业：化学原料；上市日期：2000年12月22日。 - Close on 24 Sep 2026 RMB5.65; close on 24 Sep 2025 RMB7.65, RMB7.62 in today's terms; one-year change, adjusted for distributions and share changes -25.9%.
2026年9月24日收盘价5.65元；2025年9月24日收盘价7.65元（前复权7.62元）；一年涨跌幅（复权）-25.9%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB5.63 to RMB10.44.
52周区间（前复权）5.63元至10.44元。 - In the last 12 months 1 trading days closed 9% or more above or below the day before (all days, not only this year). The 1 most recent of them: 11 Mar 2026 +10.0%.
近12个月共有1个交易日收盘涨跌幅达9%及以上（为全部交易日，不限于今年）。其中最近1个：2026年3月11日 +10.0%。 - Market capitalisation RMB8.29bn; P/E TTM not meaningful (loss-making); price to book 0.71x.
总市值82.85亿元；市盈率（TTM）不适用（亏损）；市净率0.71倍。 - Revenue 2025 RMB11.34bn; 2024 RMB12.89bn; change -12.0%.
营业收入2025年113.43亿元；2024年128.93亿元；同比-12.0%。 - Attributable net profit 2025 RMB73.9m; 2024 RMB518.8m; change -85.7%.
归属于母公司股东的净利润2025年7,394.9万元；2024年5.19亿元；同比-85.7%。 - Net profit excluding non-recurring items, 2025 change -98.9%.
2025年扣除非经常性损益后的净利润同比-98.9%。 - Basic EPS 2025 RMB0.05; 2024 RMB0.36.
基本每股收益2025年0.05元；2024年0.36元。 - Operating cash flow per share 2025 RMB0.06; 2024 RMB0.40; operating cash flow to net profit 0.72x.
每股经营现金流2025年0.06元；2024年0.40元；经营现金流与净利润之比0.72倍。 - 2025 gross margin 9.5%; net margin 1.0%; ROE 0.6%.
2025年毛利率9.5%；净利率1.0%；净资产收益率0.6%。 - At 30 Jun 2026: liabilities to assets 36.6%; current ratio 0.78; quick ratio 0.62; receivable days 8; inventory days 39.
截至2026年6月30日：资产负债率36.6%；流动比率0.78；速动比率0.62；应收账款周转天数8；存货周转天数39。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB4.89bn, change -18.5%; attributable net profit -RMB272.2m, change -616.4% (from a profit to a loss); operating cash flow per share -RMB0.23.
截至2026年6月30日的报告期（六个月，不可与上述全年数据直接比较）：营业收入48.87亿元，同比-18.5%；归母净利润-2.72亿元，同比-616.4%（由盈转亏）；每股经营现金流-0.23元。 - In the 12 months to 25 Sep 2026: 1 distinct filing classed critical, high or as a lift; by class: 1 filing classed Pledge Released. One filing can fall in more than one class, and several filings can concern one matter, such as the notice and the result of one auction.
截至2026年9月25日的近12个月：被归为重大、较高级别或解除类的公告共1份；按类别：归为解除质押的公告1份。同一公告可属多个类别，同一事项亦可有多份公告，例如同一拍卖的提示公告与结果公告。 - 19 Mar 2026, Pledge Released (medium): filing titled 《中盐化工关于控股股东股份解除质押的公告》.
2026年3月19日，解除质押：公告《中盐化工关于控股股东股份解除质押的公告》。 - Ownership: controlling shareholder 中盐吉兰泰盐化集团有限公司; actual controller 中国盐业集团有限公司; largest holder at 30 Jun 2026: 中盐吉兰泰盐化集团有限公司, 45.68%.
股权：控股股东：中盐吉兰泰盐化集团有限公司；实际控制人：中国盐业集团有限公司；2026年6月30日第一大股东：中盐吉兰泰盐化集团有限公司，持股45.68%。 - Latest distribution: ex-date 24 Jun 2026, cash RMB0.03 per share.
最近一次分配：除权除息日2026年6月24日，每股现金0.03元。 - Aurelian Grade E, score 16.5 of 100, graded within a peer group of 61 companies in its industry; no rank among peers is given.
金源评级E，得分16.5（满分100），于行业同业61家中评定；未提供其在同业中的排名。 - Not held for this report: receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, segment revenue.
本报告未掌握：应收账款账龄、诉讼案件金额、在手订单、审计意见及关键审计事项、分部收入。