证券代码：600141 证券简称：兴发集团 公告编号：临2025-009 转债代码：110089 转债简称：兴发转债 湖北兴发化工集团股份有限公司 十一届七次董事会决议公告 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个别及连带责任。 湖北兴发化工集团股份有限公司（以下简称"公司"）于 2025 年 3 月 29 日在宜昌市外滩美爵酒店召开了第十一届董事会第七次会议。会议通知于2025 年 3 月 19 日以电子通讯方式发出。会议由董事长李国璋主持，应参会董事 13 名，实际参会董事13 名。公司监事和高管列席了会议，符合《公司法》及《公 司章程》的有关规定。经与会董事认真审议，形成如下决议公告： 一、审议通过了关于2024 年度董事会工作报告的议案 表决结果：13 票同意，0 票反对，0 票弃权。 本议案尚需提交公司股东会审议。 二、审议通过了关于2024 年度总经理工作报告的议案 表决结果：13 票同意，0 票反对，0 票弃权。 三、审议通过了关于2024 年度报告及其摘要的议案 年报全文和摘要见上海证券交易所网站 www.sse ...

证券代码：600141 证券简称：兴发集团 公告编号：临 2025-012 转债代码：110089 转债简称：兴发转债 湖北兴发化工集团股份有限公司 关于 2024 年度利润分配预案的公告 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个别及连带责任。 重要内容提示： ●每股分配比例：每10 股派发现金红利 10 元（含税） ●本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日 期将在权益分派实施公告中明确。 ●在实施权益分派的股权登记日前公司总股本发生变动的，拟维持每股分 配比例不变，相应调整分配总额，并将另行公告具体调整情况。 一、利润分配方案内容 根据中审众环会计师事务所（特殊普通合伙）审计，截至2024 年 12 月 31 日，湖北兴发化工集团股份有限公司（以下简称"公司"）母公司可供股东分 配的利润为6,297,733,764.63 元。经公司董事会决议，公司2024 年度利润分 配预案拟以实施权益分派登记日的公司总股本为基数分配利润。本次利润分配 方案如下： 公司拟向全体股东每 10 股派发现金红利 10 元（含 ...

Financial Performance - The company's operating revenue for 2024 reached ¥28,396,484,979.3, representing a year-on-year increase of 0.41% compared to ¥28,281,264,663.60 in 2023[23]. - Net profit attributable to shareholders for 2024 was ¥1,601,382,109.67, marking a 14.33% increase from ¥1,400,664,156.21 in 2023[23]. - The basic earnings per share for 2024 was ¥1.45, up 16.00% from ¥1.25 in 2023[24]. - The total assets of the company as of the end of 2024 were ¥47,775,868,784.9, reflecting a 6.62% increase from ¥44,810,913,861.48 in 2023[23]. - The company's net cash flow from operating activities for 2024 was ¥1,588,619,608.89, an 18.90% increase compared to ¥1,336,120,141.80 in 2023[23]. - The company's net profit attributable to shareholders reached 1.601 billion RMB, reflecting a year-on-year growth of 14.33%[35]. - The company achieved a sales revenue of CNY 28.40 billion, representing a year-on-year growth of 0.41%[66]. Dividend and Profit Distribution - The profit distribution plan for 2024 proposes a cash dividend of 10 CNY per 10 shares, totaling approximately 1.1 billion CNY, which represents 68.89% of the net profit attributable to shareholders[5]. - The cash dividend amount for the reporting period is CNY 1,103,255,126, which accounts for 68.89% of the net profit attributable to ordinary shareholders[163]. - The company's average cash dividend ratio over the last three accounting years is 93.60%[166]. Audit and Compliance - The company has received a standard unqualified audit report from Zhongshen Zhonghuan Accounting Firm, ensuring the accuracy and completeness of the financial report[4]. - There are no non-operating fund occupations by controlling shareholders or related parties, ensuring financial integrity[7]. - The company has not violated decision-making procedures for external guarantees, indicating compliance with regulations[8]. - The internal control audit report issued by Zhongzhong Huan Accounting Firm provided a standard unqualified opinion[170]. - The company has maintained compliance with emission standards for wastewater and waste gas across its facilities[172]. Research and Development - The company invested 1.188 billion RMB in R&D throughout the year, focusing on enhancing productivity and technological breakthroughs[36]. - The total R&D expenditure for the period was CNY 1,188,248,654.49, accounting for 4.18% of the operating revenue[80]. - The number of R&D personnel is 1,613, representing 11.42% of the total workforce[82]. - The company has implemented over 40 key technology projects and holds 1,421 patents, including 483 invention patents, enhancing its innovation capabilities[58]. - The company is actively engaged in R&D, with a small portion of R&D expenditures being capitalized at 0.48%[80]. Environmental Management - The company has invested approximately 376.02 million yuan in environmental protection during the reporting period[171]. - The company has established mechanisms related to environmental protection and is classified as a key pollutant discharge unit[172]. - The company has implemented strict compliance with national environmental regulations, ensuring stable emissions of pollutants within standards[178]. - The company has developed an environmental self-monitoring plan that has been approved by ecological and environmental authorities, with regular monitoring conducted as per the plan[181]. - The company has pledged to avoid competition with its controlling shareholder, ensuring that any new business opportunities are offered to the shareholder first[190]. Strategic Initiatives and Future Outlook - The company plans to enhance production efficiency and quality across various sectors, including organic silicon, pesticides, phosphate-sulfur, fertilizers, and new energy, with a focus on increasing market share and brand recognition[124]. - The company aims to achieve a "thousand billion" target and become world-class by actively integrating into the "dual circulation" strategy, focusing on the development of three major industries: microelectronics new materials, organic silicon new materials, and new energy materials[123]. - The company is considering strategic acquisitions to enhance its product portfolio, targeting a 10% increase in market share[140]. - The company plans to explore market expansion opportunities, particularly in underrepresented regions[137]. - The company is committed to reducing comprehensive financing costs and optimizing its financing structure to enhance financial management[128]. Governance and Management - The company has established specialized committees under the board, including the Audit Committee and the Development Strategy Committee[150]. - The company has appointed new directors and supervisors as part of the transition from the tenth to the eleventh board of directors[144]. - The company has a three-part remuneration structure for senior management, including basic salary, performance pay, and special contribution rewards[143]. - The company has emphasized the importance of compliance with relevant laws and regulations to its major shareholders, directors, supervisors, and senior management to prevent similar incidents in the future[146]. - The company has implemented strict measures to ensure independence from its controlling shareholders in decision-making processes[132].

== 江声ル士 ( 17-18 月 审计 报告 众环审字(2025)0101207 号 湖北兴发化工集团股份有限公司全体股东: 一、审计意见 我们审计了湖北兴发化工集团股份有限公司(以下简称"兴发集团")财务报表,包括 2024年 12月 31日的合并及公司资产负债表,2024年度的合并及公司利润表、合并及公司 现金流量表、合并及公司股东权益变动表以及相关财务报表附注。 我们认为,后附的财务报表在所有重大方面按照企业会计准则的规定编制,公允反映了 兴发集团 2024年 12月 31日合并及公司的财务状况以及 2024年度合并及公司的经营成果和 现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册会计师对 财务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。按照中国注册会计师职 业道德守则,我们独立于兴发集团,并履行了职业道德方面的其他责任。我们相信,我们获 取的审计证据是充分、适当的,为发表审计意见提供了基础。 三、关键审计事项 关键审计事项是我们根据职业判断,认为对本期财务报表审计最为重要的事项。这些事 项的应对以对财务报表整体进行审计并形成审计意 ...

湖北兴发化工集团股份有限公司 2024 年度独立董事杨光亮述职报告 作为湖北兴发化工集团股份有限公司（以下简称"公司"） 第十一届董事会独立董事，2024 年度本人严格按照《公司法》 《证券法》《上市公司独立董事管理办法》等相关法律、法规及 《公司章程》《独立董事工作细则》的规定和要求，持续关注公 司经营发展，积极参加公司召开的相关会议，认真履行独立董事 职责，切实维护了公司和全体股东的利益。现将 2024 年度履职 情况汇报如下： 一、独立董事基本情况 公司第十届董事会成员共 13 人，其中独立董事 7 人。2024 年 3 月 29 日及 4 月 25 日，公司分别召开第十届董事会第三十一 次会议及 2023 年度股东会，审议通过《关于提名第十一届董事 会董事候选人的议案》，完成第十一届董事会换届选举工作，公 司第十一届董事会成员共计 13 人，其中独立董事 7 人。公司于 2024 年 4 月 26 日召开第十一届董事会第一次会议，审议通过 《关于选举董事会各专门委员会成员的议案》，选举产生第十一 届董事会审计委员会、发展战略委员会、提名薪酬及考核委员会 成员。本人为发展战略委员会及审计委员会委员。 （ ...

经核查独立董事张小燕、崔大桥、蒋春黔、李钟华、曹先军、 胡国荣、薛冬峰、俞少俊、杨光亮的任职经历以及本人签署的相关 自查文件,上述人员未在公司担任除独立董事以外的任何职务，未在 公司主要股东及其附属企业任职,与公司以及主要股东之间不存在重 大业务往来关系或其他可能妨碍其进行独立客观判断的关系，符合 《上市公司独立董事管理办法》《上海证券交易所股票上市规则》 《上海证券交易所上市公司自律监管指引第1号——规范运作》等法 律法规及《公司章程》中关于独立董事独立性的相关要求。 湖北兴发化工集团股份有限公司董事会 湖北兴发化工集团股份有限公司董事会 关于 2024 年度独立董事独立性情况的专项意见 2025年4月1日 根据《上市公司独立董事管理办法》《上海证券交易所股票上 市规则》《上海证券交易所上市公司自律监管指引第1号——规范运 作》等文件相关规定，湖北兴发化工集团股份有限公司(以下简称 "公司"）董事会就公司 2024 年度全体独立董事张小燕、崔大桥、 蒋春黔、李钟华、曹先军、胡国荣、薛冬峰、俞少俊、杨光亮（其 中张小燕、李钟华2024年度的任职期间为2024年1月1日至2024年 4 月 24 日；俞少俊、杨 ...

湖北兴发化工集团股份有限公司 2024 年度独立董事俞少俊述职报告 作为湖北兴发化工集团股份有限公司（以下简称"公司"） 第十一届董事会独立董事，2024 年度本人严格按照《公司法》《证 券法》《上市公司独立董事管理办法》等相关法律、法规及《公 司章程》《独立董事工作细则》的规定和要求，持续关注公司经 营发展，积极参加公司召开的相关会议，认真履行独立董事职责， 切实维护了公司和全体股东的利益。现将 2024 年度履职情况汇 报如下： 一、独立董事基本情况 公司第十届董事会成员共 13 人，其中独立董事 7 人。2024 年 3 月 29 日及 4 月 25 日，公司分别召开第十届董事会第三十一 次会议及 2023 年度股东会，审议通过《关于提名第十一届董事 会董事候选人的议案》，完成第十一届董事会换届选举工作，公 司第十一届董事会成员共计 13 人，其中独立董事 7 人。公司于 2024 年 4 月 26 日召开第十一届董事会第一次会议，审议通过《关 于选举董事会各专门委员会成员的议案》，选举产生第十一届董 事会审计委员会、发展战略委员会、提名薪酬及考核委员会成员。 本人为提名薪酬及考核委员会主任委员、发展战 ...

湖北兴发化工集团股份有限公司 2024 年度独立董事曹先军述职报告 作为湖北兴发化工集团股份有限公司（以下简称"公司"） 第十届、第十一届董事会独立董事，2024 年度本人严格按照《公 司法》《证券法》《上市公司独立董事管理办法》等相关法律、法 规及《公司章程》《独立董事工作细则》的规定和要求，持续关 注公司经营发展，积极参加公司召开的相关会议，认真履行独立 董事职责，切实维护了公司和全体股东的利益。现将 2024 年度 履职情况汇报如下： 一、独立董事基本情况 公司第十届董事会成员共 13 人，其中独立董事 7 人。2024 年 3 月 29 日及 4 月 25 日，公司分别召开第十届董事会第三十一 次会议及 2023 年度股东会，审议通过《关于提名第十一届董事 会董事候选人的议案》，完成第十一届董事会换届选举工作，公 司第十一届董事会成员共计 13 人，其中独立董事 7 人。公司于 2024 年 4 月 26 日召开第十一届董事会第一次会议，审议通过《关 于选举董事会各专门委员会成员的议案》，选举产生第十一届董 事会审计委员会、发展战略委员会、提名薪酬及考核委员会成员。 本人为发展战略委员会及审计委员会委 ...

Investment Rating - The report maintains an "Overweight" rating for the organic silicon industry [3] Core Viewpoints - The rapid expansion phase of production capacity in the organic silicon industry is nearing its end, and the supply-demand balance is expected to improve [3] - The demand for organic silicon materials is anticipated to maintain a growth rate of over 10% due to emerging sectors such as new energy vehicles, photovoltaics, and electronics [60] - The industry is characterized by high concentration, with the top three companies holding a market share of 45.93% and the top six companies holding approximately 69.19% [34] Summary by Sections 1. Wide Application of Organic Silicon Products - Organic silicon is widely used in various fields including aerospace, electronics, construction, transportation, chemicals, textiles, food, light industry, and medical applications [14] - The market share of organic silicon deep-processing products in China includes RTV (37.0%), HTV (29.4%), silicone oil (28.3%), LSR (3.6%), and silicone resin (1.8%) [18] 2. Supply Side: End of Rapid Capacity Expansion - As of 2024, China's organic silicon intermediate capacity is 3.44 million tons, with a compound annual growth rate of 17.82% from 2019 to 2024 [25] - The industry is currently experiencing losses due to previous overcapacity, and new capacity additions are expected to be limited, with only 100,000 tons planned for 2025 [34] 3. Demand Side: Strong Growth in Emerging Applications - The apparent consumption of organic silicon intermediates in China is projected to grow from 1.0615 million tons in 2019 to 1.8164 million tons in 2024, with a compound annual growth rate of 11.34% [39] - The demand for organic silicon in the new energy vehicle sector is expected to grow at a compound annual growth rate of 16.40% from 2024 to 2030 [45] 4. Key Companies - Hoshine Silicon Industry (合盛硅业) focuses on the research, production, and sales of silicon-based new materials, with an organic silicon monomer production capacity of 1.73 million tons as of June 2024 [63]

Investment Rating - The report maintains an "Accumulate" rating for the company, indicating a positive outlook on its future performance [5]. Core Insights - The company is positioned as a refined phosphate chemical enterprise with a strong focus on resource utilization and innovation, aiming to transform into a high-end new materials platform. It has established a circular economy industrial chain involving phosphorus, silicon, sulfur, salt, and fluorine [19][23]. - The core business of phosphate chemicals is currently experiencing high demand and sustainability, which supports substantial dividends. The specialty chemicals segment is expected to gradually increase its contribution to revenue, while the glyphosate and silicone segments, despite being at historical lows, show potential for marginal improvement [19][5]. Summary by Sections Financial Data and Profit Forecast - The company forecasts a net profit attributable to shareholders of 1.85 billion, 2.20 billion, and 2.63 billion yuan for 2024, 2025, and 2026 respectively, with an EPS of 1.68, 1.99, and 2.39 yuan per share [5][4]. - The three-year compound annual growth rate (CAGR) for net profit is projected at 24% [5]. Market Position and Competitive Advantage - The company has a phosphate ore capacity of 5.85 million tons per year, with long-term rights expected to exceed 10 million tons per year. It holds a significant market share in various specialty chemicals, including DMSO and electronic-grade phosphoric acid [19][29]. - The company is recognized for its extensive product range, being one of the largest producers of refined phosphate products in China, with a focus on high-value and high-tech applications [23][30]. Industry Outlook - The phosphate market is expected to maintain a high level of demand for at least the next two years, driven by a tight supply situation and increasing requirements for phosphate iron due to its applications in new energy materials [7][19]. - The report highlights that while there are concerns about new phosphate mining capacities impacting prices, the actual release of these capacities will be gradual, and the demand growth is anticipated to outpace supply increases [7][19]. Catalysts for Stock Performance - Key catalysts for the company's stock performance include potential price increases in phosphate, glyphosate, and silicone products, as well as an increase in dividend payouts [8].