Group 1 - The stock price of XD Hunan Hai (600731) closed at 7.0 yuan on July 4, 2025, down 0.85% with a turnover rate of 2.18% and a trading volume of 121,900 hands, amounting to 85.75 million yuan [1] - The latest financial results for Hunan Haili show total operating revenue of 431 million yuan for Q1 2025, a year-on-year increase of 25.44%, and a net profit attributable to shareholders of 56.61 million yuan, up 483.78% year-on-year [1] - The company has a current ratio of 4.110, a quick ratio of 3.233, and a debt-to-asset ratio of 25.74% [1] Group 2 - Hunan Haili Chemical Co., Ltd. was established in 1994 and is located in Changsha, primarily engaged in the manufacturing of chemical raw materials and products [2] - The company has made investments in 16 enterprises and participated in 230 bidding projects, holding 13 trademark registrations and 66 patents, along with 11 administrative licenses [2]

Core Viewpoint - Hunan Haili Chemical Co., Ltd. plans to repurchase A-shares through centralized bidding, with a total repurchase amount not exceeding 161.57 million yuan, aimed at implementing an employee stock incentive plan [1][2][3] Summary by Sections Repurchase Plan Overview - The company intends to repurchase between 8.38 million and 16.76 million shares, with the final number determined at the end of the repurchase period [1][3] - The maximum repurchase price is set at 9.64 yuan per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [4][5] - The repurchase will be funded through the company's own funds and a special loan for stock repurchase [1][5] Purpose and Duration - The repurchase is aimed at enhancing shareholder value and investor confidence, supporting the company's long-term sustainable development [2][3] - The repurchase period will not exceed 12 months from the board's approval date [1][3] Impact on Share Structure - The repurchase is expected to account for 1.5% to 3% of the company's total share capital, with the total share capital being 558,742,416 shares [4][5] - If all repurchased shares are used for the stock incentive plan, the company's share structure will remain unchanged [6][7] Financial Position - As of March 31, 2025, the company's total assets are 4.472 billion yuan, with net assets of 3.217 billion yuan and current assets of 2.3 billion yuan [6][7] - The total repurchase amount represents 3.62% of total assets, 5.04% of net assets, and 7.04% of current assets, indicating a manageable impact on the company's financial health [6][7] Compliance and Governance - The board's decision to implement the repurchase does not require shareholder approval, having been passed by a two-thirds majority of the board [2][3] - The company has confirmed that there are no plans for share reduction by major shareholders or executives in the next three to six months [7][8]

Investment Rating - The report gives a "Strong Buy" rating for Hunan Haili, with a target price of 9.9 CNY per share [2][11]. Core Viewpoints - Hunan Haili is a leading company in the carbamate pesticide industry, leveraging its strong R&D capabilities and abundant resources to maintain a dominant market position. The company is expected to benefit from the recovery of the pesticide industry and the expansion of its unique product, Methyl Pyrimidine Phosphorus [7][9][10]. - The report anticipates significant revenue growth for the company, projecting revenues of 2,471 million CNY in 2024, increasing to 4,775 million CNY by 2027, with a compound annual growth rate (CAGR) of 34% from 2024 to 2027 [3][11]. Financial Summary - **Revenue Forecast**: - 2024: 2,471 million CNY - 2025: 3,243 million CNY (31.3% YoY growth) - 2026: 4,016 million CNY (23.8% YoY growth) - 2027: 4,775 million CNY (18.9% YoY growth) [3][11] - **Net Profit Forecast**: - 2024: 265 million CNY - 2025: 368 million CNY (38.6% YoY growth) - 2026: 502 million CNY (36.5% YoY growth) - 2027: 633 million CNY (26.0% YoY growth) [3][11] - **Earnings Per Share (EPS)**: - 2024: 0.47 CNY - 2025: 0.66 CNY - 2026: 0.90 CNY - 2027: 1.13 CNY [3][11] - **Valuation Ratios**: - Price-to-Earnings (PE) Ratio: Expected to decrease from 15 in 2025 to 6 in 2027 - Price-to-Book (PB) Ratio: Expected to decrease from 1.3 in 2025 to 1.0 in 2027 [3][11]. Company Overview - Hunan Haili is recognized as the first listed company in Hunan Province, with a strong backing from the Hunan Provincial State-owned Assets Supervision and Administration Commission [15][24]. - The company has established a robust production capacity of 28,000 tons for carbamate pesticides, with additional capacity being released from its Ningxia base [7][9][10]. Industry Insights - The carbamate pesticide sector is expected to experience a recovery due to the increasing demand for high-toxicity traditional pesticides, which are currently in short supply [7][9][45]. - The global pesticide market has shown a consistent growth trend, with an average annual growth rate of approximately 4.2% from 2017 to 2023, driven by the rising global population [46][49].

证券代码：600731 证券简称：湖南海利 公告编号：2025－030 湖南海利化工股份有限公司 关于以集中竞价交易方式回购 A 股股份的回购报告书 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： 1、本次回购事项存在因公司股票价格持续超出回购方案披露的价格上限， 进而导致本次回购方案无法顺利实施或者只能部分实施的风险； 2、若公司在实施回购股份期间，受外部环境变化、临时经营需要等因素影 响，致使本次回购股份所需资金未能筹措到位，可能存在回购方案无法实施或者 拟回购股份数量和资金总额：拟回购股份数量不低于 838 万股（含）且不超 过 1,676 万股（含），具体回购股份数量以回购期满时实际回购股份数量 为准，预计公司拟用于回购的资金总额不超过 16156.64 万元（含）； 拟回购资金来源：湖南海利化工股份有限公司（以下简称"公司"）自有资 金及股票回购专项贷款； 拟回购用途：用于实施公司股权激励计划； 拟回购价格:不超过人民币 9.64 元/股（含）； 拟回购方式:集中竞价交易方式 拟回购期限：自公司董事会 ...

证券代码：600731 证券简称：湖南海利 公告编号：2025-031 湖南海利化工股份有限公司 2024年年度权益分派实施公告 A 股每股现金红利0.2元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/3 | － | 2025/7/4 | 2025/7/4 | 差异化分红送转： 否 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： 每股分配比例 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 20 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本558,742,416股为基数，每股派发现金红利0.2 元（含税），共计派发现金红利111 ...

Core Viewpoint - A total of 14 listed companies announced share buybacks or increases in shareholdings this week, with significant involvement of loans for these activities [1][2]. Group 1: Companies Announcing Buybacks or Increases - Kailong High-Tech plans to repurchase shares worth between 25 million to 50 million yuan, with a loan of 25 million yuan [2]. - Hunan Haili intends to repurchase between 8.38 million to 16.76 million shares, supported by a loan of 200 million yuan [2]. - Guangda Special Materials aims to repurchase shares worth between 200 million to 400 million yuan, with a loan not exceeding 360 million yuan [2]. - Dahao Technology's controlling shareholder plans to increase shareholdings by 50 million to 100 million yuan [2]. - Qianhong Pharmaceutical's actual controller intends to continue increasing holdings by no less than 12.4 million shares [2]. - Bluetian Gas's controlling shareholder plans to increase holdings by 100 million to 150 million yuan, with a loan not exceeding 135 million yuan [2]. - Aikedi plans to repurchase shares worth between 100 million to 200 million yuan [2]. - Sichuan Changhong intends to repurchase shares worth between 250 million to 500 million yuan, with a loan not exceeding 450 million yuan [2]. - Qizhong Technology plans to repurchase shares worth between 75 million to 150 million yuan [2]. - Oriental Bio's chairman proposed a repurchase of shares not exceeding 50 million yuan [2]. - Yunlu Co. plans for directors and senior management to collectively increase holdings by 4 million to 12 million yuan [2]. - Hongli Zhihui's controlling shareholder plans to increase holdings by 25 million to 50 million yuan, with a loan not exceeding 45 million yuan [2]. - Dongfang Shenghong's controlling shareholder intends to increase holdings by 500 million to 1 billion yuan, with a loan not exceeding 900 million yuan [2]. - Midea Group plans to repurchase shares worth between 5 billion to 10 billion yuan, with a loan not exceeding 9 billion yuan [2].

Core Viewpoint - The company has received approval from the Hunan Provincial State-owned Assets Supervision and Administration Commission for its 2025 Restricted Stock Incentive Plan, which will require further approval from the shareholders' meeting before implementation [1][2]. Group 1 - The company held board and supervisory meetings on April 23 and May 29, 2025, to review and approve the draft of the 2025 Restricted Stock Incentive Plan and its summary [1]. - The approval from the Hunan Provincial State-owned Assets Supervision and Administration Commission is a significant step for the company's incentive plan, indicating support from the government [2]. - The company is committed to adhering to relevant laws and regulations, including the Company Law and Securities Law, while ensuring timely information disclosure [2].

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。 一、募集资金基本情况 经中国证券监督管理委员会证监发行字[2022]2671 号文核准，并经上海证 券交易所同意，本公司由主承销商招商证券股份有限公司于 2023 年 1 月 17 日向 特定对象非公开发行人民币普通股（A 股）股票 96,952,908.00 股，每股面值 1 元，每股发行价人民币 7.22 元。截至 2023 年 1 月 17 日止，本公司共募集资金 699,999,995.76 元 ， 扣 除 发 行 费 用 14,155,615.89 元 ， 募 集 资 金 净 额 685,844,379.87 元。截止 2023 年 1 月 17 日，本公司上述发行募集的资金已全 部到位，业经大华会计师事务所（特殊普通合伙）以"大华验字[2023]000044 号"验资报告验证确认。 二、募集资金的管理情况 证券代码：600731 证券简称：湖南海利 公告编号：2025－029 湖南海利化工股份有限公司 关于注销募集资金专户的公告 截至本公告披露日，公司存放于长沙农村商 ...

湖南海利化工股份有限公司 关于取得金融机构股票回购贷款承诺函的公告 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。 一、回购股份方案的基本情况 证券代码：600731 证券简称：湖南海利 公告编号：2025－028 本次股票回购具体贷款相关事项以双方正式签订的股票回购贷款合同为准。 三、其他说明 湖南海利化工股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日召开 第十届十九次董事会会议，审议通过了《关于以集中竞价交易方式回购公司股份 方案的议案》，同意公司使用自有资金及股票回购专项贷款以集中竞价交易方式 回购公司股份，用于股权激励计划，拟回购股份数量不低于 838 万股（含）且不 超过 1,676 万股（含），具体回购股份数量以回购期满时实际回购股份数量为准， 预计公司拟用于回购的资金总额不超过 16156.64 万元（含），回购期限自公司 董事会审议通过本回购股份方案之日起不超过 12 个月，回购价格不超过人民币 9.64 元/股（含），具体内容详见公司于 2025 年 4 月 24 日披露于上海证券交易 所 ...

证券代码：600731 证券简称：湖南海利 公告编号：2025－027 湖南海利化工股份有限公司 关于 2025 年限制性股票激励计划 获得湖南省国资委批复的公告 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。 近日，公司收到控股股东湖南海利高新技术产业集团有限公司转发的湖南省 人民政府国有资产监督管理委员会（以下简称"湖南省国资委"）《湖南省国资 委关于对海利股份实施 2025 年限制性股票激励计划的批复》（湘国资函〔2025〕 43 号），湖南省国资委原则同意公司实施限制性股票激励计划。 公司 2025 年限制性股票激励计划相关事宜尚需提交公司股东大会审议通过 后方可实施。公司将积极推进相关工作，并严格按照《公司法》《证券法》《上 市公司股权激励管理办法》等有关规定，及时履行信息披露义务。 特此公告。 湖南海利化工股份有限公司董事会 2025 年 6 月 18 日 湖南海利化工股份有限公司（以下简称"公司"）分别于 2025 年 4 月 23 日、2025 年 5 月 29 日召开了第十届十九次董事会会议及第十届十二次监事 ...