Group 1 - The company has changed its registered capital and revised its Articles of Association, resulting in a new business license being issued [1][2] - The total share capital before the rights distribution was 509,023,802 shares, with 4,682,613 shares in the repurchase account, leading to an actual distribution base of 504,341,189 shares [1] - After the rights distribution, the total share capital increased to 710,760,277 shares, with an additional 201,736,475 shares being distributed [1] Group 2 - The company’s registered capital is now 71,076,277 RMB, reflecting the changes made [1] - The revised Articles of Association state that the total number of shares is now 710,760,277, with the structure remaining as ordinary shares [2] - Other clauses in the Articles of Association remain unchanged, ensuring continuity in governance [2]

General Overview - Hubei Zhenhua Chemical Co., Ltd. was established as a joint-stock company in accordance with the Company Law of the People's Republic of China and other relevant regulations [1][3] - The company was approved by the China Securities Regulatory Commission to issue 55 million shares of ordinary stock to the public on August 18, 2016, and was listed on the Shanghai Stock Exchange on September 13, 2016 [1][3] Company Structure - The registered capital of the company is RMB 710.76 million [3][7] - The company operates under the name Hubei Zhenhua Chemical Co., Ltd. and is located at 668 Huangshi Avenue, Xisaishan District, Huangshi City, with a postal code of 435001 [2] Business Objectives and Scope - The company's business objectives include integrity, dedication, innovation, and striving for excellence, aiming to create optimal economic benefits for shareholders and contribute to national tax revenue [4] - The business scope includes the production and sales of chemical products (excluding licensed chemical products), food additives, feed additives, domestic trade agency, import and export of goods, and various other services [4] Share Structure - The total number of shares issued by the company is 710,760,277, with all assets divided into equal shares [7] - The company’s shares are issued in the form of stocks, with each share having a par value of RMB 1 [5][7] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends and other benefits according to their shareholding, request and participate in shareholder meetings, supervise the company's operations, and transfer their shares [16][19] - Shareholders are obligated to comply with laws, regulations, and the company's articles of association, and must pay the capital they subscribed to [20] Shareholder Meetings - The company holds annual shareholder meetings within six months after the end of the previous fiscal year, and can also hold temporary meetings under certain conditions [44][45] - Shareholder meetings are the authority of the company, with powers including electing directors, approving financial reports, and making decisions on capital increases or reductions [42][44] Amendments to Articles - The articles of association can be amended based on resolutions passed at shareholder meetings, ensuring compliance with legal and regulatory requirements [10][21]

湖北振华化学股份有限公司 章程 （2025 年 7 月修订） 1 第二章 经营宗旨和范围 第四章 股东和股东会 第五章 董事会 第六章 总经理及其他高级管理人员 第七章 财务会计制度、利润分配和审计 第八章 通知与公告 第九章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 2 目 录 第一章 总则 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第一节 股东 第二节 股东会的一般规定 第三节 股东会的召集 第四节 股东会的提案与通知 第五节 股东会的召开 第六节 股东会的表决和决议 第一节 董事 第二节 董事会 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 第一节 通知 第二节 公告 第十章 修改章程 第十一章 附则 湖北振华化学股份有限公司章程 第一章 总则 第一条 为维护湖北振华化学股份有限公司（以下简称"公司"）、股东、职 工和债权人的合法权益，规范公司的组织和行为，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》"）和其他有关规定，制订本章程。 第二条 公 ...

| 证券代码：603067 | 证券简称：振华股份 公告编号：2025-038 | | --- | --- | | 债券代码：113687 | 债券简称：振华转债 | 湖北振华化学股份有限公司 关于变更公司注册资本、修订《公司章程》并换发 营业执照的公告 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个别及连带责任。 一、公司注册资本变更并换发营业执照的相关情况 成立日期：2003 年 06 月 19 日 湖北振华化学股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召开 公司第五届董事会第五次会议、于 2025 年 5 月 19 日召开 2024 年年度股东会， 审议通过了《关于 2024 年度利润分配预案的议案》，公司将以实施权益分派股权 登记日登记的总股本扣减公司回购专用证券账户中股份为基数，向全体股东每 10 股派发现金红利 1.90 元（含税），同时以资本公积金向全体股东每 10 股转增 4 股。该权益分派已于 2025 年 6 月 24 日实施完成。 本次权益实施前，公司总股本为 509,023,802 股（ ...

Group 1 - The core viewpoint of the news is the performance and characteristics of the convertible bond issued by Zhenhua Co., which has seen a price increase and has a specific conversion rate and terms [1] - Zhenhua Co. has a credit rating of "AA" for its convertible bond, which has a maturity of 6 years and a tiered interest rate structure starting from 0.20% in the first year to 2.00% in the sixth year [1] - The conversion price for the bond is set at 8.2 yuan, with the conversion period starting on January 20, 2025 [1] Group 2 - Hubei Zhenhua Chemical Co., Ltd. is recognized as the largest listed chromium salt company globally, with significant production capacity in Vitamin K3 [2] - The company operates high-tech production bases in Huangshi, Hubei, and Tongnan, Chongqing, and has established well-known brands "Minzhong" and "Chugao" [2] - Zhenhua Co. is actively integrating into the flow battery industry chain and is making investments in key raw materials for flow energy storage [2] Group 3 - For the first quarter of 2025, Zhenhua Co. reported a revenue of 1.0198 billion yuan, reflecting a year-on-year increase of 7.59%, and a net profit attributable to shareholders of 117.4 million yuan, which is a 37.27% increase year-on-year [2] - The concentration of shareholding is relatively high, with the top ten shareholders holding a combined 47.57% of the shares, and the average holding amount per shareholder is 340,700 yuan [2]

Group 1 - The company held a shareholders' meeting on July 15, 2025, with a total attendance representing 45.7831% of the shares [1] - The meeting was chaired by the company's chairman, Mr. Cai Zaihua, and utilized a combination of on-site and online voting methods [1] - A resolution to amend the company's articles of association was passed with 99.6414% of A-share votes in favor [1] Group 2 - The special resolution was approved by more than two-thirds of the voting rights held by participating shareholders or their proxies [1] - The meeting's procedures and voting results were confirmed as legally valid by the attending lawyers [1]

| 证券代码：603067 | 证券简称：振华股份 | 公告编号：2025-037 | | --- | --- | --- | | 债券代码：113687 | 债券简称：振华转债 | | 湖北振华化学股份有限公司 2025年第一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 1、公司在任董事9人，出席9人； 2、公司董事会秘书杨帆出席会议；高管朱桂林、程亮荣列席会议。 二、 议案审议情况 (一)非累积投票议案 (一)股东会召开的时间：2025 年 7 月 15 日 (二)股东会召开的地点：湖北省黄石市西塞山区黄石大道 668 号公司新办公楼五 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 | 348 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 323,264,683 | | 3、出席会议的股东所持有表决权股份数占公司有表决权 ...

北京大成(武汉)律师事务所 关于湖北振华化学股份有限公司 2025 年第一次临时股东会的 法 律 意 见 书 北京大 号 务所 武汉市江岸区建设大道 718 号浙商大厦 10、11 楼（430015) 10/11F,Zheshang Tower No.718,Jianshe Avenue Jiang'an District 430015, Wuhan, China 正直大成 (武汉) 得射 武汉 南江元 区 东 大 中 大 前 718 NEES 1-10 40-11 12 北京大成(武汉)律师事务所 关于湖北振华化学股份有限公司 2025 年第一次临时股东会的法律意见书 致:湖北振华化学股份有限公司 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》"）和《上市公司股东会规则》（以下简称"《股东会规则》"） 等法律、法规和其他有关规范性文件的要求,北京大成(武汉)律师事务所〈以下简称"本 所"）接受湖北振华化学股份有限公司 (以下简称"公司"）的委托,指派律师参加公司 2025 年第一次临时股东会（以下简称"本次股东会"）。 为出具本法律意见书,本所指派律 ...

Company Overview - Hubei Zhenhua Chemical Co., Ltd. (stock code SH.603067) is currently the largest listed chromium salt company globally and ranks among the top producers of Vitamin K3 [2] - The company is recognized as a high-tech enterprise with production bases in Huangshi, Hubei, and Tongnan, Chongqing, and owns two well-known brands, "Minzhong" and "Chugao" [2] - Major products include sodium dichromate, potassium dichromate, chromium trioxide, chromium oxide green, basic chromium sulfate, refined sodium dichromate, chrome yellow, metallic chromium, ultra-fine aluminum hydroxide, and Vitamin K3 [2] Financial Performance - For the period from January to March 2025, the company achieved an operating income of 1.0198 billion yuan, representing a year-on-year increase of 7.59% [2] - The net profit attributable to shareholders was 117.4 million yuan, reflecting a year-on-year increase of 37.27% [2] - The net profit after deducting non-recurring gains and losses was 114.9 million yuan, which is a year-on-year increase of 29.93% [2] Shareholder Structure - As of March 2025, the concentration of shares is relatively high, with the top ten shareholders holding a combined 47.57% of the shares [2] - The total number of shareholders is approximately 18,590, with an average of 27,390 circulating shares per shareholder and an average holding amount of 340,700 yuan [2] Market Activity - On July 14, XD Zhenhua's convertible bonds rose by 2.0% to 201.008 yuan per share, with a trading volume of 95.5918 million yuan and a conversion premium rate of 11.75% [1] - The convertible bonds have a credit rating of "AA" and a term of 6 years, with a coupon rate that increases over the years, starting from 0.20% in the first year to 2.00% in the sixth year [1] - The conversion price for the bonds is set at 8.2 yuan, with the conversion period starting on January 20, 2025 [1]

Investment Rating - The report maintains a positive outlook on the chemical industry, with specific buy and hold recommendations for various companies [2][20]. Core Insights - The report highlights the closure of Dow's organic silicon production capacity in Barry, UK, which is expected to increase domestic export demand and support the upstream industrial silicon costs, indicating a potential reversal in the organic silicon industry [4][5]. - The demand for high-end AI PCBs is projected to surge due to the continuous growth in computing power requirements, driven by GPU, ASIC, and 800G switch technologies [4]. - The report notes that the recent tariff announcements from the US on imports from Southeast Asia are lower than expected, stabilizing pessimistic market sentiments [4]. Industry Dynamics - The macroeconomic outlook for the chemical industry indicates a significant increase in oil supply led by non-OPEC countries, with a stable global GDP growth rate of 2.8% [5]. - The report mentions that coal prices are expected to decline in the medium to long term, alleviating pressure on downstream sectors [5]. - Natural gas exports from the US are anticipated to accelerate, potentially lowering import costs [5]. Company Recommendations - Companies to watch in the organic silicon sector include Dongyue Silicon Materials, Xin'an Chemical, and Xingfa Group [4]. - In the PCB sector, recommended companies include Shengquan Group, Dongcai Technology, Lianrui New Materials, Yake Technology, Tiancheng Technology, and Jiuri New Materials [4]. - For traditional cyclical stocks, the report suggests focusing on leading companies in various segments such as Wanhu Chemical, Hualu Hengsheng, and Baofeng Energy [4]. Price Trends - The report provides specific price movements for various chemical products, such as PTA prices decreasing by 2.8% to 4715 RMB/ton, while MEG prices increased by 0.7% to 4409 RMB/ton [11]. - Urea prices rose by 2.9% to 1800 RMB/ton, while phosphate prices remained stable [12]. - The report notes that the price of DMC increased by 1.9% to 11000 RMB/ton, indicating a recovery in the organic silicon market [15].