Group 1 - The chemical sector continues to rise, with the chemical ETF (516020) showing a significant opening increase before stabilizing, currently up by 0.3% [1][2] - Key stocks in the sector include Yipuli, which hit the daily limit, and other companies like Hebang Bio and Hongda shares, which rose over 2% and 1% respectively [1][2] - Recent inflows into the chemical ETF indicate strong market interest, with a net subscription of 122 million yuan on July 22 and a total of 146 million yuan over the past five trading days [1][2] Group 2 - The overall profit level in China's chemical industry is currently low, prompting many companies to seek improvements in the competitive landscape, necessitating a new round of supply-side reforms [4] - The supply growth rate in the chemical sector has significantly declined, with institutional holdings at a low point, enhancing market expectations for supply-side reforms [5] - The chemical industry is expected to enter a new long-term prosperity cycle, driven by recent policy changes aimed at boosting economic confidence and improving supply-side conditions [6] Group 3 - The chemical ETF (516020) is currently at a low valuation point, with a price-to-book ratio of 2.08, indicating a favorable time for long-term investment [5] - The potential for industry-wide production cuts and environmental regulations could lead to a significant impact on supply-demand dynamics, particularly for high-concentration chemical products [6]

Group 1 - As of July 21, 2023, 55 Sichuan-listed companies have disclosed their half-year performance forecasts, with 33 companies expecting profits and 22 facing potential losses [1] - The performance disparity among industries is increasing, with emerging sectors benefiting from policy support and market demand, while traditional industries are pressured by supply-demand imbalances and price fluctuations [1] Group 2 - New Yi Sheng is projected to have a net profit of 37 to 42 billion yuan, benefiting from the growth in AI-related computing power investments, marking a record high for the period [2] - Guo Cheng Mining and Huaxi Securities are notable performers, with both companies expecting net profit increases exceeding 10 times year-on-year, driven by non-recurring gains and improved asset quality, respectively [2] - Saint Noble Bio's net profit is expected to grow by 254% to 332% year-on-year, driven by increased exports of peptide raw materials in diabetes and anti-tumor fields [2] Group 3 - Traditional industries such as basic chemicals, power equipment, and non-ferrous metals are facing significant performance pressures, with Tongwei Co. expected to report a loss of 4.9 to 5.2 billion yuan, the largest loss among Sichuan-listed companies [3] - The losses for Tongwei Co. are attributed to ongoing supply-demand imbalances and persistently low product prices despite growth in new photovoltaic installations [3] - Other companies like Hongda Co. and Huati Technology are also forecasting losses due to falling zinc prices and increased competition, respectively [3] - The performance forecasts reflect a clear economic structural transformation, with emerging industries gaining an edge through policy support and technological advancements, while traditional sectors must adapt through capacity optimization and technological upgrades [3]

证券代码：600331 证券简称：宏达股份 公告编号：2025-065 四川宏达股份有限公司 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 (一)股东会召开的时间：2025 年 7 月 21 日 (二)股东会召开的地点：四川省什邡市宏达金桥大酒店二楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 份总数的比例（%） (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。 (五)公司董事、监事和董事会秘书的出席情况 能出席本次股东会； 未能列席本次股东会。 二、 议案审议情况 (一)非累积投票议案 审议结果：通过 表决情况： | 股东类型 | | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 票数 | | 比例（%） | 票数 | 比例 | 票数 | | | 比例 | | | | | | | | | | | ...

中银（成都）律师事务所 关于四川宏达股份有限公司 成都中银（2025）第 008-033 号 www.zhongyinlawyer.com 北京中银（成都）律师事务所 关于四川宏达股份有限公司 法律意见书 致：四川宏达股份有限公司 北京中银（成都）律师事务所（以下简称"中银律师"）接受四川宏达股份 有限公司（以下简称"公司"）的委托，根据《中华人民共和国证券法》（以下 简称《证券法》）《中华人民共和国公司法》（以下简称《公司法》）、中国证 券监督管理委员会《上市公司股东会规则》（以下简称《股东会规则》）等有关 法律法规以及《四川宏达股份有限公司章程》（以下简称《公司章程》）的有关 规定，指派律师出席公司 2025 年第四次临时股东会（以下简称"本次股东会"） 并就本次股东会的相关事项发表意见。 为出具本法律意见书，中银律师审查了本次股东会的相关资料，包括但不限 于公司召开 2025 年第四次临时股东会的通知、公司第十届监事会第十三次会议 决议及公告、公司第十届董事会第十八次会议决议及公告等文件资料，同时听取 了公司董事会秘书就本次股东会有关事实的陈述和说明。公司已向中银律师做出 保证和承诺，保证公司向中银律师 ...

(一)股东会召开的时间：2025 年 7 月 21 日 (二)股东会召开的地点：四川省什邡市宏达金桥大酒店二楼会议室 证券代码：600331 证券简称：宏达股份 公告编号：2025-065 四川宏达股份有限公司 2025年第四次临时股东会决议公告 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 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 516 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,218,354,688 | | 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 | 46.1218 | | 份总数的比例（%） | | (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。 二、 议案审议情况 (五)公司董事、监事和董事会秘书的出席情况 1、公司在任董事9人，出席7人，非独立董事王浩先生、张建先生因工作原因未 能出席本次股 ...

中银（成都）律师事务所 关于四川宏达股份有限公司 2025 年第四次临时股东会的 成都中银（2025）第 008-033 号 2025 年 07 月 | 总机:028-85219966 | 业务专线:028-86181111 | | --- | --- | | 传直. 028-85432116 邮 | | www.zhongyinlawyer.com 北京中银（成都）律师事务所 关于四川宏达股份有限公司 2025 年第四次临时股东会的 法律意见书 致：四川宏达股份有限公司 北京中银（成都）律师事务所（以下简称"中银律师"）接受四川宏达股份 有限公司（以下简称"公司"）的委托，根据《中华人民共和国证券法》（以下 简称《证券法》）《中华人民共和国公司法》（以下简称《公司法》）、中国证 券监督管理委员会《上市公司股东会规则》（以下简称《股东会规则》）等有关 法律法规以及《四川宏达股份有限公司章程》（以下简称《公司章程》）的有关 规定，指派律师出席公司 2025 年第四次临时股东会（以下简称"本次股东会"） 并就本次股东会的相关事项发表意见。 为出具本法律意见书，中银律师审查了本次股东会的相关资料，包括但不限 于公司 ...

Group 1 - The metal zinc concept declined by 1.18% as of the market close on July 16, ranking among the top declines in the sector, with companies like Tibet Summit, Wolong New Energy, and Xingye Silver Tin experiencing significant drops [1][2] - Among the concept stocks, ST Shengtun, Hongda Co., and Smart Agriculture saw increases of 1.39%, 0.83%, and 0.64% respectively, while the majority faced declines [1][2] - The metal zinc sector experienced a net outflow of 378 million yuan, with 27 stocks seeing outflows, and five stocks with outflows exceeding 30 million yuan, led by Hunan Gold with a net outflow of 92.37 million yuan [1][2] Group 2 - The top stocks with net outflows included Hunan Gold, Xingye Silver Tin, and Western Mining, with outflows of 92.37 million yuan, 80.25 million yuan, and 47.64 million yuan respectively [1][2] - Conversely, the stocks with the highest net inflows were Zijin Mining, ST Shengtun, and Wolong New Energy, attracting net inflows of 24.11 million yuan, 20.38 million yuan, and 18.43 million yuan respectively [1][2] - The trading activity in the metal zinc sector showed a significant turnover rate, with Hunan Gold at 1.90% and Xingye Silver Tin at 2.89%, indicating active trading despite the overall decline [1][2]

四川宏达股份有限公司董事会 附件：罗艳辉女士简历 罗艳辉，中国国籍，女，42 岁。中共党员，研究生学历，高级政工师。四 川大学水利水电学院水利水电工程专业本科毕业；中共四川省委党校公共管理专 业研究生。 证券代码：600331 证券简称：宏达股份 公告编号：临 2025-064 四川宏达股份有限公司 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。 根据《四川宏达股份有限公司章程》（以下简称"公司章程"）规定，四川 宏达股份有限公司（以下简称"公司"或"宏达股份"）董事会成员中应包含一 名职工董事。因公司内部工作调整，罗艳辉女士于 2025 年 7 月 14 日辞去公司第 十届董事会非独立董事职务。罗艳辉女士辞职后将继续在公司担任其他相关职务。 经公司于 2025 年 7 月 14 日召开的第五届职工代表大会第一次会议暨工会第 五届会员代表大会第一次会议选举，罗艳辉女士被选举为公司第十届董事会职工 董事（简历详见附件），与经公司股东会选举产生的第十届董事会非职工董事共 同组成公司第十届董事会，罗艳辉女士的职工董事任期自职工代表大 ...

关于董事调整暨选举职工董事的公告 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法律责任。 根据《四川宏达股份有限公司章程》（以下简称"公司章程"）规定，四川 宏达股份有限公司（以下简称"公司"或"宏达股份"）董事会成员中应包含一 名职工董事。因公司内部工作调整，罗艳辉女士于 2025 年 7 月 14 日辞去公司第 十届董事会非独立董事职务。罗艳辉女士辞职后将继续在公司担任其他相关职务。 证券代码：600331 证券简称：宏达股份 公告编号：临 2025-064 四川宏达股份有限公司 四川宏达股份有限公司董事会 2025 年 7 月 15 日 1 附件：罗艳辉女士简历 罗艳辉，中国国籍，女，42 岁。中共党员，研究生学历，高级政工师。四 川大学水利水电学院水利水电工程专业本科毕业；中共四川省委党校公共管理专 业研究生。 现任四川宏达股份有限公司党委副书记、工会主席、职工董事。2005 年 7 月 -2010 年 5 月，任职中国水利水电第七工程局市场开发部；2010 年 5 月-2011 年 4 月，任职中国共产主义青年团中国水利水电 ...

[Current Period Performance Forecast](index=1&type=section&id=Item%201.%20Current%20Period%20Performance%20Forecast) The company forecasts a net loss for H1 2025, with attributable net profit expected between -65 million and -75 million yuan Estimated Financial Performance | Metric | Estimated Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | -65 million to -75 million yuan | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | -68 million to -78 million yuan | [Prior Period Performance Review](index=1&type=section&id=Item%202.%20Prior%20Period%20Operating%20Performance%20and%20Financial%20Status) The company achieved profitability in the prior year's same period, with attributable net profit reaching 58.34 million yuan H1 2024 Financial Performance | Metric | H1 2024 Amount (RMB) | | :--- | :--- | | Total Profit | 60.22 million yuan | | Net Profit Attributable to Parent Company Shareholders | 58.34 million yuan | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | 56.37 million yuan | | Earnings Per Share | 0.0287 yuan | [Primary Reasons for Current Period's Projected Loss](index=2&type=section&id=Item%203.%20Primary%20Reasons%20for%20Current%20Period's%20Projected%20Loss) The projected loss is primarily due to adverse market conditions and rising costs impacting core business operations [Non-Ferrous Zinc Smelting Business](index=2&type=section&id=Item%203.1%20Non-Ferrous%20Zinc%20Smelting%20Business) The zinc smelting business incurred significant losses due to declining zinc prices, cost inversion, and rising raw material costs - Affected by domestic zinc capacity release and weakening downstream demand, **0 zinc ingot prices fell from 25,800 yuan/ton at the beginning of the year to a low of 21,950 yuan/ton in June**[10](index=10&type=chunk) - High-priced raw material inventory at the beginning of the year resulted in higher product costs, leading to a **cost inversion where sales prices were lower than costs**[10](index=10&type=chunk) - Zinc concentrate processing fees, though recovering, remained low, and **rising raw material procurement costs negatively impacted operations**[10](index=10&type=chunk) [Natural Gas Chemical Business](index=2&type=section&id=Item%203.2%20Natural%20Gas%20Chemical%20Business) The natural gas chemical business incurred losses due to intensified market competition, declining prices, and rising production costs - Synthetic ammonia selling prices decreased by **368 yuan/ton, a 14.24% year-on-year decline**[10](index=10&type=chunk) - The primary reasons include **increased supply due to lower coal-based synthetic ammonia costs** and **market impact from lower-than-expected urea exports**[10](index=10&type=chunk) - Prices of production factors such as **natural gas and electricity increased year-on-year, leading to higher production costs**[10](index=10&type=chunk) [Phosphatic Chemical Business](index=2&type=section&id=Item%203.3%20Phosphatic%20Chemical%20Business) The phosphatic chemical business experienced profit decline due to sluggish market demand and soaring sulfur raw material costs - Due to sluggish market demand, the company's **compound fertilizer product sales volume, selling prices, and gross margin all declined**[11](index=11&type=chunk) - The price of the main raw material, sulfur, **increased by 1,115 yuan/ton year-on-year, a surge of 107.73%**, leading to a sharp rise in production costs[11](index=11&type=chunk) - Sales of refined monoammonium phosphate (MAP) **decreased year-on-year due to export policy restrictions and intensified domestic competition**[11](index=11&type=chunk) [Risk Warning](index=2&type=section&id=Item%204.%20Other%20Explanatory%20Matters) The company advises that performance forecast data are preliminary, with final figures based on the official 2025 semi-annual report - The forecast data provided are preliminary, and the **final accurate financial figures will be based on the company's officially disclosed 2025 semi-annual report**[12](index=12&type=chunk)