Summary of Key Points Core Viewpoint - Suhao Huihong (600981) is engaging in hedging activities through its subsidiary to mitigate price volatility risks in the gold and silver markets, which is expected to enhance profit stability without compromising the interests of minority shareholders [1]. Trading Information - On November 7, the stock closed at 2.91 yuan, down 0.34%, with a turnover rate of 0.76% and a trading volume of 170,600 shares, amounting to a total transaction value of 49.74 million yuan [1]. - The net outflow of main funds was 1.3352 million yuan, accounting for 2.68% of the total transaction value, while retail investors saw a net inflow of 1.776 million yuan, representing 3.57% of the total transaction value [2]. Company Announcements - The company held its fourth extraordinary general meeting of shareholders in 2025 to review a proposal regarding the increase of hedging business limits and related transactions for its subsidiary Suhao Zhongtian [1]. - The subsidiary plans to conduct hedging activities in gold and silver futures through the related party Hongye Futures, with a maximum margin requirement not exceeding 45.9 million yuan and a maximum contract value of 286.5 million yuan per trading day [1].

Core Points - Suhao Huihong (600981) closed at 2.91 yuan on November 7, 2025, up 2.46% from 2.84 yuan the previous week, with a total market capitalization of 6.525 billion yuan [1] - The company’s subsidiary, Jiangsu Kaiyuan Shipbuilding Co., won a lawsuit against Nanjing Dongze Shipbuilding Co., which has entered bankruptcy reorganization, with confirmed debts totaling 222.2768 million yuan [1] - The reorganization plan for Dongze Shipbuilding has been approved by the court, with expected full repayment of secured debts and partial repayment of ordinary debts [1] - The company has made a provision for impairment of 2.7303 million yuan, with a potential maximum reduction of 36.1503 million yuan in net profit attributable to shareholders for 2025 [1] Company Announcements - The company held its fourth extraordinary general meeting in 2025 to review a proposal for its subsidiary Suhao Zhongtian to increase its hedging business limit through related party Hongye Futures, with a maximum margin of 45.90 million yuan [2] - The maximum contract value per trading day is expected to be 286.50 million yuan, with the hedging activities aimed at mitigating price volatility risks and locking in profit margins [2] - The related party transaction is not expected to affect the company's independence or harm the interests of minority shareholders [2]

Core Points - The stock of Suhao Huihong (600981) closed at 2.92 yuan on November 6, 2025, down 1.35% from the previous trading day, with a total market capitalization of 6.548 billion yuan [1] - The company announced its fourth extraordinary general meeting of shareholders for 2025, which includes a proposal for its subsidiary Suhao Zhongtian to increase its hedging business limit and conduct related transactions [1] - The proposed hedging activities involve trading gold and silver futures through the affiliated company Hongye Futures, with a maximum margin requirement of 45.9 million yuan and a maximum contract value of 286.5 million yuan per trading day [1] - The duration of the proposed transactions is set for 12 months following the approval of the shareholders' meeting [1] - Hongye Futures is a subsidiary of Suhao Holding Group, the controlling shareholder of the company, making this transaction a related party transaction [1] - The announcement emphasizes that the related party transaction aims to mitigate price fluctuation risks and secure profit margins without affecting the company's independence or harming the interests of minority shareholders [1]

二〇二五年十一月十四日 江苏苏豪汇鸿集团股份有限公司 JIANGSU SOHO HIGH HOPE GROUP CORPORATION 2025 年第四次临时股东会会议资料 江苏苏豪汇鸿集团股份有限公司 2025年第四次临时股东会会议资料 江苏苏豪汇鸿集团股份有限公司 2025 年第四次临时股东会会议议程 会议议程： 1 会议时间：二〇二五年十一月十四日 14:00 会议地点：南京市白下路 91 号汇鸿大厦 26 楼会议室 会议主持人：董事长杨承明先生 一、主持人介绍会议出席情况 二、宣读股东会须知 三、会议审议议案 （一）《关于公司子公司增加套期保值业务额度暨关联交易的议案》。 四、宣读会议表决办法，推选监票人 五、议案审议及现场沟通 六、休会（统计现场投票结果） 七、律师宣读本次股东会的法律意见书 八、会议结束 江苏苏豪汇鸿集团股份有限公司 2025年第四次临时股东会会议资料 江苏苏豪汇鸿集团股份有限公司 2025 年第四次临时股东会须知 为保障公司股东的合法权益，确保公司 2025 年第四次临时股东会的正常秩 序和议事效率，根据《公司章程》和《股东会议事规则》的有关规定，本次股东 会须知如下： 一、董事 ...

Group 1 - The company Jiangsu Suhao Huihong Group Co., Ltd. is involved in a bankruptcy reorganization case concerning its subsidiary Jiangsu Kaiyuan Shipbuilding Co., Ltd. [2] - The subsidiary has won a court ruling against Nanjing Dongze Shipbuilding Co., Ltd. and others, with a total claim amount of 136.49 million yuan plus interest [2] - Nanjing Dongze Shipbuilding entered bankruptcy reorganization in April 2025, with a management team appointed to oversee the process [2][3] Group 2 - The second creditors' meeting approved the reorganization plan, which involves a stock acquisition restructuring method [3] - The estimated repayment for secured debts is 13.86 million yuan, expected to be fully repaid within 15 days after the reorganization plan takes effect [3] - Ordinary debts amounting to 208.42 million yuan are expected to be repaid at a minimum of 4 million yuan, with additional potential repayments from various sources [3] Group 3 - The Nanjing Intermediate People's Court has approved the reorganization plan and terminated the reorganization process for Nanjing Dongze Shipbuilding [4] - As of September 30, 2025, the company has made a provision for impairment losses of 2.73 million yuan related to the debts [5] - If the reorganization plan is successfully implemented, the company may need to recognize additional impairment losses, potentially reducing net profit by up to 36.15 million yuan for the fiscal year 2025 [5][6]

证券代码：600981 证券简称：苏豪汇鸿 公告编号：2025-071 江苏苏豪汇鸿集团股份有限公司 关于公司子公司债务人破产重整的进展公告 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、 破产重整概况 起东泽船舶租金收入、剥离资产处置以及应收账款清收款中获得部分清偿； （四）开元船舶已通过武汉海事法院向管理人发出《协助执行通知书》，冻 结担保人对南京东泽船舶制造有限公司享有的破产债权分配款。预计可获得部分 清偿。 二、 进展情况 江苏苏豪汇鸿集团股份有限公司（以下简称"公司"）三级子公司江苏开元 船舶有限公司（以下简称"开元船舶"）就其与南京东泽船舶制造有限公司（以 下简称"东泽船舶"）、南京华泰船业有限公司、熊成根、南京东沛国际贸易集 团有限公司船舶建造合同纠纷事项向武汉海事法院提起诉讼。一审、二审开元船 舶胜诉，湖北省高级人民法院二审判决东泽船舶、南京华泰船业有限公司共同偿 还开元船舶 13,649.11 万元及相关利息，担保人熊成根对前述债务承担连带清偿 责任。东泽船舶于 2025 年 4 月进入破产重整程序。北 ...

Core Insights - The trade sector experienced a rise of 2.01% on October 31, with Jiangsu Guotai leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Trade Sector Performance - Jiangsu Guotai (002091) closed at 9.34, up 6.26% with a trading volume of 1.138 million shares and a transaction value of 1.071 billion [1] - Other notable performers included: - Dongfang Chuangye (600278) at 8.36, up 5.03% [1] - Nanjing Shanglv (600250) at 11.11, up 4.91% [1] - Shisuo Hongye (600128) at 11.00, up 3.09% [1] Capital Flow Analysis - The trade sector saw a net inflow of 231 million in main funds, while retail funds experienced a net outflow of 118 million and 113 million respectively [2] - Key individual stock capital flows included: - Jiangsu Guotai with a net inflow of 103 million, but retail outflows of 64 million [3] - Dongfang Chuangye with a net inflow of 94 million from main funds, but retail outflows of 60 million [3] - Nanjing Shanglv with a net inflow of 62 million from main funds, but retail outflows of 41 million [3]

Market Overview - The trade sector experienced a decline of 0.14% on October 30, with Suhao Huihong leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers included: - Sumida (600710) with a closing price of 11.12, up 5.10% and a trading volume of 384,300 shares, totaling 423 million yuan [1] - ST Hu Ke (600608) closed at 4.00, up 2.56% with a trading volume of 31,900 shares, totaling 12.67 million yuan [1] - Notable decliners included: - Suhao Huihong (600981) closed at 2.81, down 4.42% with a trading volume of 383,000 shares, totaling 109 million yuan [2] - Yiatong (002183) closed at 5.06, down 3.80% with a trading volume of 943,800 shares, totaling 480 million yuan [2] Capital Flow - The trade sector saw a net outflow of 85.91 million yuan from institutional investors, while retail investors contributed a net inflow of 69.48 million yuan [2] - The capital flow for key stocks showed: - Sumida (600710) had a net inflow of 36.32 million yuan from institutional investors, but a net outflow of 31.82 million yuan from retail investors [3] - Suhao Huihong (600981) experienced a net outflow of 2.75 million yuan from institutional investors, with a significant net inflow of 12.80 million yuan from retail investors [3]

Core Viewpoint - Suhao Huihong (600981.SH) reported a revenue increase of 4.41% year-on-year for the first three quarters of 2025, achieving a total revenue of 38.602 billion yuan, alongside a turnaround in net profit from a loss in the previous year [1] Financial Performance - Total operating revenue for the first three quarters reached 38.602 billion yuan, reflecting a year-on-year growth of 4.41% [1] - The net profit attributable to shareholders was 51.884 million yuan, a significant improvement from a loss of 73.6254 million yuan in the same period last year [1] - Basic earnings per share were reported at 0.02 yuan [1]

Core Viewpoint - Suhao Huihong (600981) announced that there are no overdue guarantees [1] Company Summary - The company confirmed the absence of any overdue guarantee situations in its recent announcement [1]