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一 | 【导读】上半年业绩增长超10倍后,华昌化工拟易主 中国基金报记者夏天 8月25日晚间,华昌化工(证券代码:002274)公告称,公司收到控股股东苏州华纳投资股份有限公司(以下简称华纳投资)通知,其正在筹划通过协议转让公司股份事宜,可能导致公司控股权发生变更。 Rajinikanth turned 75 on December 12, and the mood across social media felt like a festival built around one man. His milestone birthday arrived in a year that already held enormous significance. He completed fifty years in cinema, a span that shaped mass entertainment and inspired several generations. The celebration brought together artists, politicians and fans who wanted to mark both the man and the moment.A Birthday Wrapped In Five Decades Of StardomAmong the first to send wishes was Kamal Haasan, a friend and colleague whose journey has run parallel to Rajinikanth for decades. He posted a photo of the two together and wrote, “Seventy five years of a remarkable life. Fifty years of legendary cinema,” followed by a warm greeting that acknowledged how rare it is to witness such longevity with grace. The image and message carried the comfort of a friendship that has weathered eras in Tamil cinema.
75 years of a remarkable life.50 years of legendary cinema.Happy birthday, my friend @rajinikanth. pic.twitter.com/4Lx5m7zfFw
— Kamal Haasan (@ikamalhaasan) December 12, 2025
Mohanlal shared his admiration with equal warmth. His message read, “Warmest birthday wishes to dear Rajinikanth Sir. As you celebrate fifty remarkable years in cinema, thank you for inspiring generations with your values, strength, and extraordinary spirit. May God bless you always with peace, good health, and boundless joy.” His note summed up what many consider the core of Rajinikanth’s appeal. Stardom wrapped in humility, and power expressed through quiet conviction.The celebration reached the national stage when Prime Minister Narendra Modi posted his wishes in Tamil. He wrote, “Greetings to Thiru Rajinikanth Ji on the special occasion of his seventy fifth birthday. His performances have captivated generations… This year has been notable because he completed fifty years in the world of films. Praying for his long and healthy life.” The greeting highlighted the cultural reach of Rajinikanth’s legacy, which stretches far beyond Tamil Nadu.
Warmest birthday wishes to dear Rajinikanth Sir.As you celebrate 50 remarkable years in cinema, thank you for inspiring generations with your values, strength, and extraordinary spirit.May God bless you always with peace, good health, and boundless joy.@rajinikanth
— Mohanlal (@Mohanlal) December 12, 2025
Warm Wishes From The Film FraternityTamil Nadu Chief Minister MK Stalin shared one of the most expressive tributes. His note in Tamil praised Rajinikanth’s charisma, his direct nature and his hold across age groups. He wrote, “Rajinikanth equals Charisma that Conquers Age. Eloquence that delights everyone when he ascends the stage. A heart free of deceit and pretense, speaking one thing inwardly and another outwardly. From six to sixty, captivating for half a century. My friend Superstar Rajinikanth, heartfelt birthday wishes. May he continue to deliver many more victorious creations upon me, and may his victory flag keep flying with the love and support of the people.” It read like a salute from one powerful figure to another, shaped by personal affection and public admiration.From within the film industry, colleagues added their own sincere notes. Actor Simran reflected on the broad impact of his work. “From redefining mass cinema to inspiring generations. Thank you Rajinikanth sir for everything. Wishing you a very happy birthday.” Her words echoed what countless fans have repeated over the years. Rajinikanth’s rise changed the tone and scale of commercial cinema and set a template many still try to follow.
திரு ரஜினிகாந்த் அவர்களின் 75-வது பிறந்தநாள் எனும் சிறப்பான தருணத்தில் அவருக்கு வாழ்த்துகள். அவரது நடிப்பாற்றல் பல தலைமுறைகளைக் கவர்ந்துள்ளது; பரவலான பாராட்டைப் பெற்றுள்ளது. அவரது திரையுலகப் படைப்புகள் பல்வேறு பாத்திரங்கள் மற்றும் பாணிகளில் பரவி, தொடர்ச்சியான முத்திரைகளைப்…
— Narendra Modi (@narendramodi) December 12, 2025
Raghava Lawrence shared a photo of an embrace that spoke more than words. He wrote, “Happy Birthday Thalaiva Rajinikanth. I pray to Ragavendra Swamy for your good health. May you live a long life. Guruve Saranam.” The simplicity and devotion in the note reflected the reverence he holds for Rajinikanth, whom he often credits as a guiding force.Yogi Babu kept it light and affectionate with a still from a film set and the message, “Wish you happy birthday, superstar Rajinikanth sir.” Director Lingusamy added his respect with, “Wishing our superstar Rajinikanth sir a happy seventy fifth birthday. Wish you have great health and keep inspiring us sir as always.”
ரஜினிகாந்த் = வயதை வென்ற வசீகரம்!மேடையில் ஏறினால் அனைவரையும் மகிழ்விக்கும் சொல்வன்மை!உள்ளொன்று வைத்துப் புறமொன்று பேசாத கள்ளம் கபடமற்ற நெஞ்சம்!ஆறிலிருந்து அறுபதுவரைக்கும் அரைநூற்றாண்டாகக் கவர்ந்திழுக்கும் என் நண்பர் #SuperStar @rajinikanth அவர்களுக்கு உளம் நிறைந்த பிறந்தநாள்… pic.twitter.com/txEn7pHwKE
— M.K.Stalin - தமிழ்நாட்டை தலைகுனிய விடமாட்டேன் (@mkstalin) December 12, 2025
Together, these tributes created a portrait of a man whose influence spans craft, culture and personal connection. Rajinikanth remains a rare figure who is celebrated not only for his iconic screen presence but also for the values that shape the person behind the star. His seventy fifth birthday became more than an occasion. It became a collective expression of gratitude for fifty years of cinema that continues to shape Indian popular culture.Also Read: New Padayappa Trailer Drops As Superstar Rajinikanth’s Silver Jubilee Celebration Nears。鉴于该事项存在重大不确定性,为维护投资者利益,公司股票自8月26日开市起停牌,预计停牌时间不超过2个交易日。 华昌化工是一家以煤气化为产业链源头的综合性化工企业,目前处于无实控人状态。2026年上半年,公司刚迎来业绩拐点。根据近日发布的半年报,公司上半年净利增长超10倍。 停牌前最后一个交易日,华昌化工报收于6.47元/股,上涨5.20%,总市值为61.62亿元。 无实控人架构下的控股权变局 华昌化工的股权结构颇为特殊。公司控股股东为华纳投资,截至2026年6月末持有公司股份约2.75亿股,持股比例为28.88%。 然而,华纳投资本身并非由单一主体控制。

二 | 其发起人股东为167名自然人,各自然人股东的持股比例从0.01%至7.35%不等,任意单个股东均不能控制华纳投资。

三 | 公司第二大股东为江苏华昌(集团)有限公司,截至2026年6月末持有公司股份约1.14亿股,持股比例为11.99%。但与华纳投资之间无一致行动协议和安排。
正是由于上述股权结构高度分散,华昌化工长期处于无实际控制人状态。 此次控股股东筹划协议转让公司股份一旦落地,将直接打破这一多年的治理格局,新的控股股东或将随之产生。 2026上半年净利增长逾10倍 华昌化工2008年上市,是一家以煤气化为产业链源头的综合性化工企业,经过五十余年的发展,形成了基础化工、化学肥料、新材料三大产业链。 其中,基础化工板块以煤制合成气为核心,生产合成氨、尿素、纯碱、氯化铵、甲醇、硝酸等产品;化学肥料板块利用煤化工生产的尿素、氯化铵加工新型肥料;新材料板块则以合成气与丙烯等为原料,生产多元醇、新戊二醇、聚酯树脂等醇类、增塑剂、树脂及涂料产品。近年来,公司还在氢能源领域有所布局,涉足与氢燃料电池汽车相关的产业环节。 从近年财务表现来看,华昌化工经历了一轮明显的业绩起伏。

四 | 自2021年创下业绩高点后,公司业绩持续下滑,并在2025年跌入谷底:全年实现营收65.06亿元,同比下降17.96%;归母净利润亏损2.04亿元,同比由盈转亏。 然而,2026年上半年华昌化工迎来了业绩的强势反转。半年报显示,公司实现营收40.16亿元,同比增长24.85%;归母净利润为1.23亿元,同比增长1026.90%;扣非净利润为1.20亿元,同比增长2667.54%。 业绩爆发的核心驱动力来自精细化工板块的爆发式增长。报告期内,精细化工行业实现营业收入20.84亿元,同比增长77.19%,占营收的比重从上年同期的36.56%跃升至51.89%,超越化学肥料成为公司第一大收入来源。其中,多元醇产品贡献营收20.42亿元,同比增长79.04%,占营收的比重达50.84%。

五 | 公司方面表示,多元醇项目投产后销售量增加,叠加产品销售价格上涨,共同推动了该板块收入与毛利双增。 从行业背景看,上半年国际油价维持高位运行,油煤价格“剪刀差”持续拉大,煤制化工品价格同步提升,国内煤化工行业迎来景气度上行周期,华昌化工的煤制多元醇路线因此显著受益。 此次控股股东筹划控股权转让,恰逢公司刚刚交出净利增超10倍的半年报,盈利拐点确认。不过,华昌化工在公告中明确提示该事项尚在筹划洽谈阶段,相关协议尚未签署,存在终止的可能。(文章来源:中国基金报)。
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