浙江嘉化能源化工股份有限公司 第十届董事会第五次会议决议公告 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法律责任。 证券代码：600273 股票简称：嘉化能源 编号：2024-023 一、董事会会议召开情况 浙江嘉化能源化工股份有限公司（以下简称"公司"或"嘉化能源"）第十 届董事会第五次会议通知于 2024 年 4 月 21 日以邮件方式发出，会议于 2024 年 4 月 26 日上午 10:00 时在公司南湖区南湖大道槜李路嘉南美地 1 号楼 29 层会议 室以现场和通讯相结合的方式召开。出席会议的董事应到 9 人，实到 9 人，本次 会议由公司董事长韩建红女士主持，公司全体监事及高级管理人员列席了本次会 议。本次董事会会议的召集、召开符合国家有关法律、法规和《公司章程》的规 定，会议决议合法有效。 二、董事会会议审议情况 （一）审议通过了《2024 年第一季度报告》 本议案已经公司董事会审计委员会审议通过。 表决结果：9 票赞成，0 票反对，0 票弃权。 详情请见公司同日在指定媒体披露的《2024 年第一季度报告》。 （二）审 ...

北京海润天睿律师事务所 关于浙江嘉化能源化工股份有限公司 2023 年年度股东大会的法律意见书 致： 浙江嘉化能源化工股份有限公司 1、根据本次股东大会现场会议的股东签名册及授权委托书、上海证券交易 所信息网络有限公司统计并经公司核查确认，公司本次股东大会现场出席表决及 通过网络投票表决的股东及股东代理人共计 21 人，代表股份 563,530,339 股， 占公司有表决权股份总数的 40.5112%。公司董事、监事、高级管理人员列席了 本次股东大会。 北京海润天睿律师事务所（以下简称本所）接受浙江嘉化能源化工股份有 限公司（以下简称公司）的委托，指派杨雪律师、王佩琳律师出席公司 2023 年 年度股东大会，并依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司股东大会规则》（以下简称"《股东大会规则》"）、《浙江嘉化能 源化工股份有限公司章程》（以下简称"《公司章程》"）及其他相关法律、法 规的规定，就公司本次股东大会的召集、召开程序、出席会议人员的资格、召集 人资格、会议的表决程序和表决结果等有关事宜出具本法律意见书。 一、本次股东大会的召集、召开程序 1、经本所律师审查，2024 年 3 ...

证券代码：600273 证券简称：嘉化能源 公告编号：2024-021 浙江嘉化能源化工股份有限公司 2023 年年度股东大会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 21 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 563,530,339 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 40.5112 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议的召集人为公司董事会，董事长韩建红女士主持会议。会议的召集、召 开符合《公司法》和《公司章程》的有关规定，表决方式及表决结果合法有效。 (五) 公司董事、监事和董事会秘书的出席情况 (一) 股东大会召开的时间：2024 年 4 月 22 日 (二) 股东大会召开的地点：浙江省嘉兴市乍浦环山路 88 号嘉化研究院二楼综 合会议室 ...

证券代码：600273 股票简称：嘉化能源 编号：2024-022 浙江嘉化能源化工股份有限公司 关于以集中竞价交易方式回购股份的回购报告书 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法律责任。 重要内容提示： 本次回购股份相关议案已经公司第十届董事会第四次会议及公司 2023 年年 度股东大会审议通过； 回购金额及资金来源：不低于人民币 10,000 万元，不超过人民币 20,000 万元，全部为自有资金； 回购用途：回购股份拟用于股权激励及减少公司注册资本。其中，根据公司 自身情况，拟用于股权激励的股份数量预计不超过 500 万股（占公司总股本的 0.36%）， 具体数量将以未来董事会、股东大会审议通过股权激励方案为准；除此之外，本次 回购的其余股份拟用于减少公司注册资本，具体数量以本次回购股份实施完毕的结 果为准。 回购价格：不超过人民币 11.98 元/股； 一、回购预案的审议及实施程序 根据《公司法》《证券法》《关于支持上市公司回购股份的意见》以及《上海证 券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，浙 ...

证券代码：600273 股票简称：嘉化能源 编号：2024-020 浙江嘉化能源化工股份有限公司 关于回购股份事项前十大股东和前十大无限售条件 股东持股情况的公告 本公司监事会及全体监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。 浙江嘉化能源化工股份有限公司（以下简称"公司"）于 2024 年 3 月 29 日 召开公司第十届董事会第四次会议，审议通过了《关于以集中竞价交易方式回购 股份方案的议案》，同意公司使用公司自有资金以集中竞价交易方式回购公司股 份。具体内容详见 2024 年 3 月 30 日公司披露于上海证券交易所网站 （www.sse.com.cn）的《关于以集中竞价交易方式回购股份方案的公告》。 根据《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关 规定：回购方案需经股东大会决议的，上市公司应当在股东大会召开前 3 日，披 露股东大会的股权登记日登记在册的前 10 大股东和前 10 大无限售条件股东的 名称及持股数量、比例。因公司前十大股东和前十大无限售条件股东一致，现将 公司股东大会的股权登记日（2024 年 ...

嘉化能源 2023 年年度股东大会会议资料 浙江嘉化能源化工股份有限公司 2023 年年度股东大会会议资料 二〇二四年四月 股票代码：SH600273 1 / 31 嘉化能源 2023 年年度股东大会会议资料 目 录 | 1、嘉化能源 | 2023 年年度股东大会会议须知 | 3 | | --- | --- | --- | | 2、嘉化能源 | 2023 年年度股东大会会议议程 | 4 | | 3、各议案内容 | | 6 | 股票代码：SH600273 2 / 31 嘉化能源 2023 年年度股东大会会议资料 浙江嘉化能源化工股份有限公司 2023 年年度股东大会会议须知 尊敬的各位股东及股东代表： 欢迎您来参加浙江嘉化能源化工股份有限公司 2023 年年度股东大会。 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证大 会的顺利进行，根据《公司章程》、公司《股东大会议事规则》及相关法律法规和 规定特制定本须知。 一、董事会以维护股东的合法权益、确保大会正常秩序和议事效率为原则，认 真履行《公司章程》中规定的职责。 二、参加大会的股东请按规定出示股东账户卡，身份证或法人单位证明以及授 权委托书 ...

本公司监事会及全体监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。 浙江嘉化能源化工股份有限公司（以下简称"公司"）于 2024 年 3 月 29 日 召开公司第十届董事会第四次会议，审议通过了《关于以集中竞价交易方式回购 股份方案的议案》，同意公司使用公司自有资金以集中竞价交易方式回购公司股 份。具体内容详见 2024 年 3 月 30 日公司披露于上海证券交易所网站 （www.sse.com.cn）的《关于以集中竞价交易方式回购股份方案的公告》。 根据《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关 规定，需披露公司董事会公告回购股份决议的前一个交易日（2024 年 3 月 29 日） 登记在册的前十大股东和前十大无限售条件股东的名称、持股数量及持股比例。 因公司前十大股东和前十大无限售条件股东一致，故 2024 年 3 月 29 日公司前十 大股东和前十大无限售条件股东信息如下： | 序号 | 股东名称 | 持股数量（股） | 持有比例（%） | | --- | --- | --- | --- | | 1 | 浙江嘉化集团 ...

Investment Rating - The report maintains an "Outperform the Market" rating for the company [21]. Core Views - The company is progressing with key projects such as the second phase of PVC and fatty alcohol production, with a total investment of 26 billion yuan [2]. - The company is actively developing hydrogen energy and photovoltaic businesses, with a focus on hydrogen storage equipment and partnerships with academic institutions [22]. Financial Performance and Forecast - The company reported a revenue of 87.74 billion yuan in 2023, a decrease of 23.72% year-on-year, and a net profit of 11.80 billion yuan, down 26.21% year-on-year [19][30]. - Revenue projections for 2024-2026 are 94.39 billion yuan, 107.83 billion yuan, and 119.35 billion yuan, respectively, with expected EPS of 0.90, 0.97, and 1.03 yuan [5][31]. - The gross margin is expected to decline from 20.0% in 2023 to 18.5% by 2026 [5][31]. Price Assumptions - Fatty alcohol prices are projected to be 9,600 yuan/ton from 2024 to 2026, while PVC prices are expected to average 5,333 yuan/ton during the same period [4]. Sales Volume Assumptions - The company anticipates fatty alcohol sales of 270,000 tons, 360,000 tons, and 430,000 tons from 2024 to 2026, and PVC sales of 420,000 tons, 510,000 tons, and 600,000 tons during the same period [24].

Financial Performance - The company's operating revenue for 2023 was CNY 8,774,132,405.76, a decrease of 23.72% compared to CNY 11,502,675,061.88 in 2022[8]. - The net profit attributable to shareholders for 2023 was CNY 1,179,654,814.04, down 26.21% from CNY 1,598,634,842.18 in 2022[8]. - The net cash flow from operating activities decreased significantly to CNY 312,659,306.24, a decline of 79.68% compared to CNY 1,538,810,624.83 in 2022[8]. - The total assets at the end of 2023 were CNY 11,768,492,672.69, representing a decrease of 4.09% from CNY 12,270,760,398.16 in 2022[8]. - The net assets attributable to shareholders increased slightly to CNY 9,886,123,704.73, up 1.25% from CNY 9,763,593,348.98 in 2022[8]. - The basic earnings per share for 2023 were CNY 0.85, a decrease of 26.09% from CNY 1.15 in 2022[8]. - The weighted average return on equity decreased to 11.96%, down 4.92 percentage points from 16.88% in 2022[8]. Market Conditions - The company continues to face a competitive environment with declining profitability in the chemical industry due to increased capacity and lower operating rates[18]. - The management emphasized the importance of market dynamics and adjusted production operations accordingly to optimize resource consumption[18]. - The company maintained a high production operating load and improved overall operational efficiency despite challenging market conditions[18]. Revenue Breakdown - The company's sales revenue from polyvinyl chloride (PVC) products for the year reached 1.727 billion yuan, a decrease of 23.92% compared to the same period last year[41]. - The sales revenue from fatty alcohol (acid) series products for the year was 2.541 billion yuan, down 34.48% year-on-year due to falling raw material prices and product price declines[50]. - The company's chlor-alkali business achieved a sales revenue of CNY 1.011 billion, a decrease of 29.04% compared to the same period last year[80]. - The steam sales revenue reached CNY 1.857 billion, down 14.58% year-on-year, influenced by lower coal prices[80]. - The sulfonated pharmaceutical series products generated sales revenue of CNY 449 million, a decline of 33.32% compared to the previous year[80]. Research and Development - The company implemented 50 R&D projects and was awarded 13 new product (technology) projects by the Zhejiang Provincial Department of Economy and Information Technology during the reporting period[53]. - The company applied for 15 new patents and was granted 16 patents, bringing the total number of authorized patents to 104, including 22 invention patents[53]. - The company has 231 R&D personnel, accounting for 19.78% of the total workforce, indicating a strong focus on innovation[136]. - The company emphasizes R&D investment and technological innovation to maintain strong competitiveness in the market[82]. Environmental and Sustainability Initiatives - The company has been recognized as a "Green Factory" and a "Water-saving Enterprise" at the municipal and provincial levels, respectively, reflecting its commitment to sustainable development[57]. - The company is actively responding to national policies promoting the circular economy and has implemented measures to reduce emissions and improve environmental management systems[69]. - The company is focusing on transforming and upgrading its operations to align with the principles of high-quality development and circular economy[141]. - The company is committed to a circular economy model, integrating energy and chemical cycles to enhance sustainability and resource efficiency[192]. Future Plans and Investments - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders[33]. - The company is actively developing clean energy businesses, including hydrogen energy and photovoltaic projects, in response to national energy policies[44]. - The company plans to increase its investment in hydrogen energy through capital injection into its wholly-owned subsidiary, Jiahua Hydrogen Energy[155]. - The company is focusing on expanding its green energy sector, particularly in hydrogen and photovoltaic technologies, to enhance its competitive edge in sustainable energy[192]. Operational Efficiency - The company achieved a capacity utilization rate of 140.7% in its fatty alcohol (acid) facility, indicating efficient production processes[170]. - The chlor-alkali facility operated at full capacity with a utilization rate of 100%, demonstrating strong demand for its products[170]. - The company’s cogeneration facilities continue to optimize processes to reduce raw material consumption while ensuring compliance with emission standards[69]. Cash Flow and Financial Management - Cash and cash equivalents decreased by 51.48% to ¥890,493,180.02 from ¥1,835,149,025.22 in the previous period[138]. - The net cash flow from investing activities was -¥414.78 million, while the previous year was -¥379.30 million, indicating an increase in investment outflows[114]. - The net cash flow from financing activities was -¥806.37 million, a slight improvement from -¥901.08 million year-on-year[114]. - The company reported a significant increase in other income, which rose by 310.54% to ¥79,441,744.78 compared to ¥19,350,316.05 last year[102]. Strategic Partnerships and Collaborations - The company emphasizes collaboration with leading brands in downstream industries to create mutually beneficial partnerships[185]. - The company successfully acquired a 35% stake in the Material Chemical Terminal to improve its logistics chain[175]. - The company is actively involved in setting national and industry standards for various chemical products, enhancing its competitive edge[98].

梠㞯ծ爢⠔ㄤ屛椚 &4( 䫣デ ENVIRONMENTAL,SOCIAL AND GOVERNANCE (ESG) REPORT 2023 E N V I R O N M E N T A L , S O C I A L A N D G O V E R N A N C E ( E S G ) R E P O R T 嵄寐㎗⻊腊彂⻊䊨肅⟧剣ꣳⰖ 肅牰➿瀦4) 湡䔶 03 03-05 Ⱒ✵劥䫣デ 䎃〳䭯絯〄㾝❭挿 06 06-11 饥鵳㎗⻊腊彂 Ⱆ嚋ⲃ 12 12-15 餓⟣翸搋⚁곿 䗄梠絑崸挿❭綁蒀劢勻 16 16-19 &4(盗椚 30 30-42 綁蒀〄㾝 Ⱏ䒊綁蒀⟱⚌ 43 43-52 餘ꆀ⚹劥 䧭㽠遤⚌곭⯓ 猰䪮倝 53 53-65 ⳕ䗱翸⸂ Ⱏ繠㥩欰崞 66-69 ぢ㊤罜遤 ⹄䬐爢⠔餓⟣ 70-75 &4(絫佪邍 䭷叻程䒸 䠑錛껩 20 20-29 珘⨴絑蠒 瘰暖⟱⚌呏㛇 E N V I R O N M E N T A L , S O C I A L A N D G O V E R N A N C E ( E S G ) R E P O R T 70 66 ⟱⚌俒⻊ ⚌⸉䋒㽷 ⾎〷屠ꬠ ⟱⚌ꅾ銳虽钚 & ...