宁夏宝丰能源集团股份有限公司关联交易管理制度 宁夏宝丰能源集团股份有限公司 关联交易管理制度 第一章 总则 第一条 为规范宁夏宝丰能源集团股份有限公司（以下简称"公司"或"本 公司"）关联交易行为，保护广大投资者特别是中小投资者的合法权益，根据《中 华人民共和国公司法》、《中华人民共和国证券法》和《上海证券交易所股票上 市规则》（以下简称"《上市规则》"）、《上海证券交易所上市公司自律监管 指引第 5 号——交易与关联交易》和《宁夏宝丰能源集团股份有限公司章程》（以 下简称"《公司章程》"）及其他有关法律法规、部门规章和业务规则，制定本 制度。 第二条 公司应当保证关联交易的合法性、必要性、合理性和公允性，保持 公司的独立性，不得利用关联交易调节财务指标，损害公司利益。交易各方不得 隐瞒关联关系或者采取其他手段，规避公司的关联交易审议程序和信息披露义务。 第二章 关联交易管理的组织机构 第四条 公司财务部负责关联交易的会计记录、核算、报告及统计分析工作， 并按季度报董事会办公室。 第三条 公司财务部和董事会办公室是关联交易管理的归口部门，在财务总 监和董事会秘书的领导下开展关联交易管理工作。财务部和董事会办公 ...

第二条 本规则适用于公司股东会，对公司、公司股东、股东授权代理人、 公司董事、高级管理人员、以及其他列席股东会人员具有约束力。 第三条 股东会由公司全体股东组成，依法行使法律及《公司章程》规定的 各项职权，任何单位和个人均不得非法干涉股东对自身权利的处分。 宁夏宝丰能源集团股份有限公司股东会议事规则 宁夏宝丰能源集团股份有限公司 股东会议事规则 第一章 总则 第一条 为维护宁夏宝丰能源集团股份有限公司（以下简称"公司"）和股东 的合法权益，规范公司股东会的行为，保证股东会依法行使职权，确保股东会召 开程序、表决方式和决议内容的合法性，根据《中华人民共和国公司法》（以下 简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市 公司股东会规则》及其他有关法律法规、部门规章和业务规则及《宁夏宝丰能源 集团股份有限公司章程》（以下简称"《公司章程》"）的规定，制定本规则。 第四条 出席股东会的股东及股东授权代理人，应当遵守有关法律、法规、《公 司章程》及本规则的规定，自觉维护会议秩序，不得侵犯其他股东的合法权益。 第五条 公司应当按照法律、行政法规、本规则及《公司章程》的规定召开 股东会，保 ...

宁夏宝丰能源集团股份有限公司信息披露管理制度 宁夏宝丰能源集团股份有限公司 信息披露管理制度 第一章 总则 第一条 为规范宁夏宝丰能源集团股份有限公司（以下简称"公司"）的信 息披露行为，加强信息披露事务管理，保护广大投资者特别是中小投资者的合法 权益，根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司信息 披露管理办法》《上海证券交易所股票上市规则》（以下简称"《上市规则》"）、《上 海证券交易所上市公司自律监管指引第 2 号——信息披露事务管理》和《宁夏宝 丰能源集团股份有限公司章程》（以下简称"《公司章程》"）及其他有关法律法规、 部门规章和业务规则，结合公司实际情况，特制定本制度。 信息披露义务人，是指公司及公司董事、高级管理人员、股东、实际控制人， 收购人，重大资产重组、再融资、重大交易有关各方等自然人、单位及其相关人 员，破产管理人及其成员，以及法律、行政法规和中国证监会规定的其他承担信 息披露义务的主体。 及时，是指自起算日起或者触及披露时点的两个交易日内。 第三条 信息披露义务人披露的信息应当同时向所有投资者披露，不得提前 向任何单位和个人泄露。但是，法律、行政法规另有规定的除外。 ...

重要内容提示： 本次会议是否有否决议案：无 证券代码：600989 证券简称：宝丰能源 公告编号：2025-040 宁夏宝丰能源集团股份有限公司 2025年第一次临时股东大会决议公告 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。 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 9 月 8 日 (二)股东大会召开的地点：宁夏银川市丽景北街 1 号 四楼会议室 (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： | 1、出席会议的股东和代理人人数 | 1,284 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 3,688,328,788 | | 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（%） | 50.2952 | (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。 本次股东大会由公司董事会召集，采取现场记名投票和网络投票相结合的方 式进行表决，现场会议经公司半数以上董事共同推举由公司董事刘元管先 ...

2025 年第一次临时股东大会的法律意见书 嘉源(2025)-04-633 北京市嘉源律师事务所 关于宁夏宝丰能源集团股份有限公司 2025 年第一次临时股东大会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 嘉源律师事务所 IA YUAN LAW OFFICES 北京 BEIJING · 上海 SHANGHAI · 深圳 SHENZHEN · 香港 HONG KONG · 广州 GUANGZHOU · 西安 XI'AN 致:宁夏宝丰能源集团股份有限公司 北京市嘉源律师事务所 关于宁夏宝丰能源集团股份有限公司 敬启者: 根据《中华人民共和国公司法》(以下简称《公司法》)、《中华人民共和 国证券法》(以下简称《证券法》)、中国证券监督管理委员会颁布的《上市公 司股东会规则》(以下简称《股东会规则》)等法律、行政法规、部门规章、规 范性文件和《宁夏宝丰能源集团股份有限公司章程》（以下简称《公司章程》） 的规定,北京市嘉源律师事务所(以下简称"本所")作为宁夏宝丰能源集团股 份有限公司(以下简称"公司")的常年法律顾问,本所律师出席了公司 2025 年第一次临时股东大会(以下简称"本 ...

Market Performance - The basic chemical index increased by 1.11% from August 23 to August 29, while the CSI 300 index rose by 2.71%, indicating that the basic chemical sector underperformed the CSI 300 by 1.60 percentage points, ranking 11th among all sectors [1][2] - The top-performing sub-industries included nylon (5.68%), rubber additives (5.44%), potassium fertilizer (4.65%), food and feed additives (2.99%), and fluorochemicals (2.99%) [1][2] Chemical Product Price Trends - The top five products with the highest weekly price increases were NYMEX natural gas (11.11%), crude phenol (7.12%), niacinamide (5.78%), phenol oil (5.16%), and hydrofluoric acid (5.00%) [3] - The top five products with the largest weekly price declines included liquid chlorine (-75.00%), sodium (-6.78%), coal tar (-4.17%), anthracene oil (-4.11%), and lithium carbonate (industrial grade) (-4.09%) [3] Industry Dynamics - In the first half of 2025, the basic chemical sector achieved operating revenue of 1,123.83 billion yuan, a year-on-year increase of 3.03%, and a net profit attributable to shareholders of 69.72 billion yuan, up 4.43% year-on-year [4] - In Q2 2025, the sector reported operating revenue of 587.10 billion yuan, a year-on-year increase of 0.80% and a quarter-on-quarter increase of 9.38%, with a net profit of 35.72 billion yuan, down 2.66% year-on-year but up 5.03% quarter-on-quarter, indicating an improving trend in quarterly profitability [4] Company Performance Highlights - In the refrigerant sector, Juhua Co. reported H1 2025 operating revenue of 13.33 billion yuan, up 10.36% year-on-year, and a net profit of 2.05 billion yuan, up 145.84% year-on-year [6] - Sanmei Co. achieved H1 2025 operating revenue of 2.83 billion yuan, a 38.58% increase year-on-year, with a net profit of 999.5 million yuan, up 159.22% year-on-year [6] - In the agricultural chemicals sector, Yara International reported H1 2025 operating revenue of 2.52 billion yuan, a 48.54% increase year-on-year, and a net profit of 855 million yuan, up 216.64% year-on-year [7] - Salt Lake Co. reported H1 2025 operating revenue of 6.78 billion yuan, down 6.30% year-on-year, but a net profit of 2.52 billion yuan, up 13.69% year-on-year [7] Investment Recommendations - Current investment focus includes the refrigerant sector, with recommendations for companies like Jingshi Resources, Juhua Co., Sanmei Co., and Yonghe Co. [9] - The chemical fiber sector is also highlighted, with recommendations for Huafeng Chemical, Xin Fengming, and Taihe New Materials [9] - Other recommended companies include Wanhua Chemical, Hualu Hengsheng, Luxi Chemical, and Baofeng Energy [9] - The tire sector includes recommendations for Sailun Tire, Senqilin, and Linglong Tire [9] - In the agricultural chemicals sector, recommended companies include Yara International, Salt Lake Co., Xingfa Group, Yuntianhua, and Yangnong Chemical [9] - High-quality growth stocks to watch include Blue Sky Technology, Shengquan Group, and Shandong Heda [9] Industry Rating - The basic chemical industry maintains an "overweight" rating [10]

Industry Rating - Investment Rating: Recommended (Maintain) [1] Core Viewpoints - The chemical industry is expected to benefit from the anticipated interest rate cuts by the Federal Reserve, which may drive demand and support the recovery of the industry [2][4]. - The significant growth of chemical ETFs, from 2.2 billion to 15.7 billion, indicates a positive outlook for leading chemical companies and new material growth [4]. - The report emphasizes the importance of focusing on core chemical assets, which are expected to see profit and valuation recovery in the medium to long term [3][5]. Summary by Sections Investment Recommendations - Long-term value in white horse stocks is emphasized, with core chemical assets expected to experience profit and valuation recovery [3]. - Attention is drawn to leading chemical companies as potential investment opportunities due to their strong market positions and growth prospects [4][5]. Market Dynamics - The report highlights the impact of external factors such as the U.S. tariffs on Indian goods, which may improve the pesticide trade between the U.S. and China, benefiting companies like Yangnong Chemical and Runfeng Shares [4]. - The recent adjustments in real estate policies in Shanghai are expected to marginally improve demand for chemical products related to the real estate sector [4]. Price Trends - The report notes that chemical product prices and price spreads are currently at bottom levels, suggesting potential for price increases in the future [5]. - Specific price movements are tracked, such as the increase in Vitamin B3 and D3 prices due to supply tightness, and the upward trend in refrigerant prices driven by supply constraints [9][10]. Supply Chain Insights - The report discusses the supply-side changes in the ethylene industry due to force majeure events, which may lead to supply recovery in the sector [4]. - It also mentions the ongoing supply constraints in the refrigerant market due to quota management, which is expected to maintain high price levels [9]. Strategic Focus Areas - The report recommends focusing on leading companies in the chemical sector, such as Hengli Petrochemical, Rongsheng Petrochemical, and others, as they are likely to benefit from industry recovery and supply-side improvements [4][5]. - The emphasis is placed on the potential for strategic opportunities in the petrochemical sector as oil prices stabilize and supply-demand dynamics shift [5].

Market Overview - On September 3, the chemical raw materials sector declined by 1.14%, with Jinniu Chemical leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Stock Performance - Notable performers in the chemical raw materials sector included: - Baofeng Energy: Closed at 17.58, up 1.33% with a trading volume of 476,400 shares and a transaction value of 831 million [1] - Jinniu Chemical: Closed at 7.01, down 8.84% with a trading volume of 727,000 shares and a transaction value of 528 million [2] - Other stocks such as Zhongke Titanium Dioxide and Longbai Group showed minor fluctuations, with Zhongke Titanium Dioxide closing at 5.08, up 0.40% [1][2] Capital Flow - The chemical raw materials sector experienced a net outflow of 786 million from institutional investors, while retail investors saw a net inflow of 644 million [2] - The capital flow for specific stocks indicated that Baofeng Energy had a net inflow of 62.67 million from institutional investors, while it faced a net outflow from retail investors [3]

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Oil, Gas, and Chemicals - **Key Trends**: - OPEC+ is expected to fully unwind production cuts, leading to increased oil supply surplus expectations. - Brent crude oil prices fell by 3% month-over-month (MoM) to US$67.3 per barrel in August, indicating weaker prices as peak demand season ends. [2][28] - The International Energy Agency (IEA) projects a surplus of 1.8 million barrels per day (Mb/d) in 2025, increasing to 3.0 Mb/d in 2026. The Energy Information Administration (EIA) forecasts around 1.5 Mb/d for both years. [2][28] Chemical Sector Insights - **Price Movements**: - TDI (Toluene Diisocyanate) average selling price (ASP) increased by 13% MoM, but showed a downward trend due to soft demand and higher supply. [3] - mMDI (Modified MDI) ASP rose by 7% MoM, supported by maintenance periods for some plants. [3] - Refrigerant R32 ASP also increased by 7% MoM, driven by strong producer bargaining power. [3] - **Demand Dynamics**: - Price increases were noted among TiO2 producers and polyester filament businesses, indicating potential for further price hikes in the near term. [4] - Products with tight supply include acetic acid, hydrogen peroxide, refrigerants, and others, suggesting potential price support. [4] Stock Recommendations - **Preferred Sectors**: - Chemical subsectors are favored as beneficiaries of 'anti-involution', particularly: - Fertilizers (Hualu) - Refining/Olefins (Hengli, Baofeng, Satellite) - Products with price hike potential (Wanhua for pMDI, Tongkun for polyester filament, Fufeng/Meihua for MSG, and refrigerants). [5] Risk Factors - **Oil & Gas Sector Risks**: - Fluctuations in crude oil prices and disappointing productivity enhancements could impact the sector. [28] - **Chemical Sector Risks**: - Price volatility due to international oil price changes and macroeconomic uncertainties could affect demand. [29] - **New Materials Sector Risks**: - Technological changes and reliance on policy support pose risks to revenue growth and stability. [30] Price Trends and Spreads - **Chemical Product Prices**: - Significant price changes were observed in various chemical products, with some experiencing declines of over 30% year-over-year (YoY). [27] - For example, butyl acrylate saw a 20.9% decrease MoM, while methanol-coal prices increased by 63.5% YoY. [27] Conclusion - The oil and chemical sectors are facing a complex landscape characterized by supply surpluses, price volatility, and shifting demand dynamics. Investors are advised to monitor these trends closely for potential investment opportunities and risks.

Group 1 - The company announced a differentiated cash dividend distribution plan, approved at the annual general meeting on April 2, 2025 [2][4] - The cash dividend is set at 2.8 yuan per 10 shares, amounting to a total distribution of approximately 2,036.37 million yuan [4][5] - The total share capital of the company is 7,333,360,000 shares, with 7,272,766,600 shares eligible for the dividend after excluding shares in the repurchase account [5][6] Group 2 - The company has initiated a share repurchase plan, with a budget of between 1 billion yuan and 2 billion yuan, to be completed within 12 months [12] - As of the end of August 2025, the company has repurchased 60.59 million shares, representing 0.83% of the total share capital, with a total expenditure of approximately 999.90 million yuan [14] - The highest and lowest prices for the repurchased shares were 17.44 yuan and 15.90 yuan per share, respectively [14]