Core Viewpoint - Suhao Hongye Co., Ltd. is actively engaged in various sectors including trade, culture, and investment, with a focus on pet products and cross-border e-commerce, indicating a diversified business model that leverages both domestic and international markets [2][7]. Company Overview - Suhao Hongye Co., Ltd. was established on June 30, 1994, and listed on September 1, 1997. The company is headquartered in Nanjing, Jiangsu Province, and primarily operates in import and export trade, cultural projects, and the sale of cultural creative products [7]. - The company's revenue composition includes 98.45% from product sales, 1.05% from engineering projects and consulting services, and 0.51% from other sources [7]. - As of June 30, the number of shareholders decreased by 39.99% to 27,700, while the average circulating shares per person increased by 66.64% to 8,898 shares [7]. Financial Performance - For the first half of 2025, Suhao Hongye achieved a revenue of 3.919 billion yuan, representing a year-on-year growth of 10.73%. The net profit attributable to the parent company was 26.296 million yuan, up 34.72% year-on-year [7]. - The company has distributed a total of 503 million yuan in dividends since its A-share listing, with 74.03 million yuan distributed over the past three years [8]. Market Activity - On October 22, the stock price of Suhao Hongye increased by 0.55%, with a trading volume of 64.512 million yuan and a turnover rate of 2.39%, leading to a total market capitalization of 2.705 billion yuan [1]. - The stock has seen a net outflow of 1.8143 million yuan from major investors today, with a ranking of 6 out of 13 in its industry [4][5]. Investment and Subsidiaries - The company holds a 16.31% stake in Hongye Futures, which is listed on the Hong Kong Stock Exchange, making it the second-largest shareholder [3]. - Suhao Hongye has invested 12 million yuan for a 24% stake in Jiangsu Hongrui Technology Investment Company, the first venture capital firm in Jiangsu Province focused on the biomedical sector [3]. Product and Service Offerings - The company’s export trade focuses on toys and pet supplies, while its import trade includes medical devices and electromechanical equipment. Domestic trade primarily involves coal, liquid ammonia, and urea [2]. - The subsidiary Jiangsu Fertilizer Industry Co., Ltd. produces "Suhua" brand fertilizers, which are well-received by farmers in Northern Jiangsu [2].

Market Performance - The trade sector increased by 2.98% on October 21, with CITIC Metal leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Individual Stock Performance - CITIC Metal (601061) closed at 11.24, rising by 9.98% with a trading volume of 355,800 shares and a transaction value of 3.85 billion [1] - Dongfang Chuangye (600278) closed at 7.88, up 5.49%, with a trading volume of 282,000 shares and a transaction value of 220 million [1] - Shisuo Huihong (600981) closed at 3.00, increasing by 4.17%, with a trading volume of 344,200 shares and a transaction value of 102 million [1] - Other notable stocks include Zhongcheng Co. (000151) up 4.15%, ST Hu Ke (600608) up 3.36%, and Kairuide (002072) up 2.80% [1] Capital Flow Analysis - The trade sector saw a net inflow of 169 million from institutional investors, while retail investors experienced a net outflow of 54.31 million [1] - CITIC Metal had a net inflow of 92.79 million from institutional investors, with retail investors showing a net outflow of 56.41 million [2] - Dongfang Chuangye had a net inflow of 35.32 million from institutional investors, while retail investors faced a net outflow of 24.52 million [2]

Market Overview - On October 17, the trade sector declined by 2.16%, with CITIC Metal leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Stock Performance - Key stocks in the trade sector showed varied performance, with CITIC Metal closing at 10.28, down 3.11%, and Jiangsu Guotai at 8.47, down 2.42% [2] - The trading volume for CITIC Metal was 294,400 shares, contributing to a transaction amount of 308 million yuan [2] Capital Flow - The trade sector experienced a net outflow of 163 million yuan from main funds, while retail investors saw a net inflow of 155 million yuan [2][3] - Jiangsu Guotai had a significant net outflow of 44.53 million yuan from main funds, but a net inflow of 29.99 million yuan from retail investors [3]

Report Industry Investment Rating - Not provided Core Viewpoints of the Report - The spot price of domestic whole milk in the Shanghai market dropped to 14,300 yuan/ton, a decrease of 300 yuan/ton from last week, while the US dollar price of Thai 20 - standard rubber in the Qingdao Free Trade Zone remained unchanged at 1,850 US dollars/ton [3]. - In the producing areas, rainfall in northeastern and northern Thailand eased, with a large decline in cup - rubber prices, while in southern Thailand, glue prices rebounded. In Yunnan, the weather was good, glue output was stable, and raw material prices decreased slightly. In Hainan, although rain affected tapping, weak procurement by factories dragged down raw material prices. In Vietnam, glue supply was normal, and stable procurement supported prices [3]. - The capacity utilization rate of semi - steel tire sample enterprises was 71.07%, a 28.92% increase from the previous week but an 8.57% decrease year - on - year. The capacity utilization rate of all - steel tire sample enterprises was 63.96%, a 22.43% increase from the previous week and a 4.98% positive year - on - year growth. Tire enterprises resumed work as planned, driving a significant increase in capacity utilization [3]. - As of October 12, 2025, China's natural rubber social inventory was 1.08 million tons, a decrease of 7,700 tons (0.7%) from the previous week. The total inventory of natural rubber in bonded and general trade in Qingdao was 456,000 tons, a decrease of 500 tons (0.11%) from the previous period. Bonded area inventory increased by 2.02% to 70,800 tons, and general trade inventory decreased by 0.49% to 385,200 tons [3]. - In the future, rainfall in major natural rubber producing areas is expected to ease, and tapping operations are likely to normalize. Global natural rubber supply is expected to enter a seasonal increase cycle, putting downward pressure on raw material prices. The terminal tire market lacks highlights, and demand recovery is slow. Tire enterprises continue to purchase natural rubber on a need - to - fill basis, and demand support for raw material prices is limited. Inventory reduction is expected to slow down, and some regions may face inventory accumulation pressure. In the short term, the natural rubber market may be under pressure [3]. Summary by Relevant Catalogs Natural Rubber Price Data - There are charts showing the basis of natural rubber and 20 - standard rubber, including the market mainstream price of Yunnan - produced natural rubber in Shanghai, the closing price of the main contract of SHFE natural rubber, the market price of Thai - produced STR20 dry rubber in the Qingdao Free Trade Zone, and the closing price of the main contract of SHFE 20 - standard rubber [5][6] Main - producing Countries' Rubber Output and China's Natural Rubber Imports - There are charts presenting the monthly output of natural rubber in ANRPC member countries and China's natural rubber imports from 2021 to 2025 [8][9][10] Tire Production - There is a chart showing the monthly tire production from 2021 to 2025 [11][12] Tire Enterprise开工率 - There are charts showing the weekly semi - steel and all - steel tire enterprise开工率 from 2021 to 2025 [14][15][16] Tire Enterprise Inventory - There are charts showing the weekly available inventory days of semi - steel and all - steel tires in Shandong factories from 2021 to 2025 [18][19][20][21] Natural Rubber Inventory - There are charts showing the 20 - standard rubber futures inventory, natural rubber futures inventory, natural rubber social inventory, Qingdao Free Trade Zone inventory, and Qingdao general trade inventory from 2021 to 2025 [24][25][26][27][28][29]

Core Viewpoint - Suhao Hongye announced the write-off of asset losses amounting to a total of 18.2857 million yuan due to uncollectible receivables and long-term equity investments [1] Group 1: Company Actions - The company will hold the 11th Board of Directors' fourth meeting on October 16, 2025, to review the proposal for asset loss write-offs [1] - The write-off includes seven items of asset losses that are deemed uncollectible [1] Group 2: Financial Impact - The total book value of the assets to be written off is 18.2857 million yuan [1]

（编辑 任世碧） 证券日报网讯 10月16日晚间，苏豪弘业发布公告称，公司于2025年10月16日召开了第十一届董事会第 四次会议，会议审议通过了《关于向2025年限制性股票激励计划激励对象授予限制性股票的议案》，根 据公司2025年第二次临时股东会的授权，董事会认为公司2025年限制性股票激励计划的授予条件已经成 就，同意确定2025年10月16日为授予日，向符合条件的73名激励对象授予493.12万股限制性股票，授予 价格为5.66元/股。 ...

Core Points - The company, Suhao Hongye (600128.SH), announced the approval of its 2025 restricted stock incentive plan by the board of directors [1] - The grant date for the restricted stock is set for October 16, 2025, with a total of 4.9312 million shares to be awarded to 73 eligible participants [1] - The grant price for the restricted stock is determined to be 5.66 yuan per share [1]

证券代码：600128 证券简称：苏豪弘业 公告编号：临 2025-058 苏豪弘业股份有限公司 关于向 2025 年限制性股票激励计划激励对象 授予限制性股票的公告 本公司董事会及董事会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： 苏豪弘业股份有限公司（以下简称"公司"）于2025年10月16日召开了第十 一届董事会第四次会议，会议审议通过了《关于向2025年限制性股票激励计划激 励对象授予限制性股票的议案》，根据公司2025年第二次临时股东会的授权，董 事会认为公司2025年限制性股票激励计划（以下简称"本激励计划"或"本次激励计 划"）的授予条件已经成就，同意确定2025年10月16日为授予日，向符合条件的 73名激励对象授予493.12万股限制性股票，授予价格为5.66元/股。现对有关事项说 明如下： 一、本激励计划授予情况 （一）已履行的决策程序和信息披露情况 1、2025年7月10日，公司召开第十一届董事会薪酬与考核委员会2025年第一 次会议，审议通过《关于<公司2025年限制性股票激励计划（草案）>及其摘要 ...

| 序号 | 姓名 | 职务 | | --- | --- | --- | | 1 | 曹阳 | 管理骨干 | | 2 | 葛翔 | 管理骨干 | | 3 | 朱强 | 管理骨干 | | 4 | 赵筱琛 | 管理骨干 | | 5 | 徐梦 | 管理骨干 | | 6 | 周茜 | 管理骨干 | | 7 | 章晓锋 | 管理骨干 | | 8 | 骆菲 | 管理骨干 | | 9 | 李若梅 | 管理骨干 | 苏豪弘业股份有限公司 | 10 | 章立福 | 管理骨干 | | --- | --- | --- | | 11 | 栾政委 | 管理骨干 | | 12 | 郑艳 | 管理骨干 | | 13 | 曹橙 | 管理骨干 | | 14 | 程培 | 管理骨干 | | 15 | 李园园 | 管理骨干 | | 16 | 任茂巧 | 管理骨干 | | 17 | 孙来 | 管理骨干 | | 18 | 阙春华 | 管理骨干 | | 19 | 李震 | 管理骨干 | | 20 | 万林雨 | 管理骨干 | | 21 | 陆德海 | 管理骨干 | | 22 | 高亮 | 管理骨干 | | 23 | 李艳 | 管理骨干 | | 24 | ...

证券代码：600128 公司简称：苏豪弘业 上海荣正企业咨询服务（集团）股份有限公司 关于 苏豪弘业股份有限公司 2025 年限制性股票激励计划 授予相关事项 之 独立财务顾问报告 1 | | | 一、释义 以下词语如无特殊说明，在本文中具有如下含义： | 苏豪弘业、公司 | | 指 | 苏豪弘业股份有限公司 | | --- | --- | --- | --- | | 本 计 划 、 本 激 励 | 计 | | | | 划、本次股权激励计 | | 指 | 苏豪弘业股份有限公司2025年限制性股票激励计划 | | 划 | | | | | 限制性股票 | | 指 | 公司根据本激励计划规定的条件和价格，授予激励对象一定数量的 公司股票，该等股票设置一定期限的限售期，在达到本激励计划规 | | | | | 定的解除限售条件后，方可解除限售流通 | | | | | 按照本计划规定获得限制性股票的公司（含分公司、控股子公司） | | 激励对象 | | 指 | 董事、高级管理人员、管理骨干、业务骨干及董事会认为需要激励 的其他骨干 | | 授予日 | | 指 | 公司向激励对象授予限制性股票的日期，授予日必须为交易日 | ...