Core Viewpoint - The announcement details the adjustment of the conversion price for the "Feng 21 Convertible Bonds" due to the implementation of the 2024 annual profit distribution plan, with the new conversion price set at 15.78 CNY per share, effective from July 11, 2025 [1][6]. Group 1: Securities Trading and Price Adjustment - The "Feng 21 Convertible Bonds" will suspend conversion from July 4, 2025, until the equity registration date on July 10, 2025, and will resume conversion on July 11, 2025 [1]. - The previous conversion price was 16.00 CNY per share, which will be adjusted to 15.78 CNY per share [1][6]. - The adjustment is based on the cash dividend of 0.225 CNY per share (including tax) to be distributed to shareholders [3][6]. Group 2: Regulatory Compliance and Historical Context - The adjustment of the conversion price complies with the relevant provisions outlined in the prospectus for the convertible bonds issued on April 8, 2021 [5]. - Previous adjustments to the conversion price occurred due to profit distribution matters, with the price previously adjusted from 16.60 CNY to 16.47 CNY per share [2][4].

证券代码：603225 证券简称：新凤鸣 公告编号：2025-061 每股分配比例 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 | 2025/7/10 | － | 2025/7/11 | 2025/7/11 | 差异化分红送转： 是 新凤鸣集团股份有限公司 2024年年度权益分派实施公告 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： A 股每股现金红利0.225元 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 19 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。 根据《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等有关规定，公司 回购专用证券账户中的股份，不享有利润分配、公积金转增股本 ...

暨转股价格调整的公告 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。 新凤鸣集团股份有限公司 关于实施2024年度权益分派时"凤21转债"停止转股 重要内容提示： 证券停复牌情况：适用 证券代码：603225 证券简称：新凤鸣 公告编号：2025-062 因公司实施 2024 年度权益分派,本公司的相关证券停复牌情况如下：自 2024 年度 权益分派实施公告前一交易日（2025 年 7 月 4 日）至权益分派股权登记日（2025 年 7 月 10 日）期间，"凤 21 转债"停止转股，2025 年 7 月 11 日起恢复转股。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 113623 | 凤 21 转债 | 可转债转股复 | | | 2025/7/10 | 2025/7/11 | | | | 牌 | | | | | 经中国证券监督管理委员会证监许可[2021]411 号文核 ...

申万宏源证券承销保荐有限责任公司 关于新凤鸣集团股份有限公司 差异化分红事项的核查意见 申万宏源证券承销保荐有限责任公司（以下简称"申万宏源承销保荐公司" 或"保荐机构"）作为新凤鸣集团股份有限公司（以下简称"新凤鸣"、"公司" 或"发行人"）公开发行可转换公司债券的保荐机构，根据《证券发行上市保荐 业务管理办法》《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》"）《上市公司股份回购规则》（以 下简称"《回购规则》"）《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 7 号——回购股份》 （以下简称"《自律监管指引第 7 号》"）等法律、法规、规范性文件的规定， 对公司 2024 年度利润分配所涉及的差异化分红（以下简称"本次差异化分红"） 相关事项进行了审慎核查，核查情况如下： 一、本次差异化分红的原因 2022 年 3 月 7 日，公司召开第五届董事会第二十二次会议，审议通过《关 于以集中竞价交易方式回购股份的预案的议案》，公司拟以自有资金以集中竞价 交易方式回购公司股份（以下简称"本次回购"）。根据该议 ...

新凤鸣集团股份有限公司 可转债转股结果暨股份变动公告 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。 重要内容提示： 累计转股情况：截至 2025 年 6 月 30 日，累计共有 83,000.00 元"凤 21 转 债"已转换成公司股票，累计转股数为 5,065 股，占可转债转股前公司已发行股 份总额的 0.0003%。 未转股可转债情况：截至 2025 年 6 月 30 日，尚未转股的可转债金额为 2,499,917,000.00 元，占可转债发行总量的 99.9967%。 | 股票代码：603225 | 股票简称：新凤鸣 | | | 公告编号：2025-060 | | --- | --- | --- | --- | --- | | 转债代码：113623 | 转债简称：凤 | 21 | 转债 | | 2025 年度第二季度转股情况：本季度可转债转股的金额为 1,000 元，因转 股形成的股份数量为 62 股。 一、可转债发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会《关于核准新凤鸣集团股份有限公司公开 ...

Group 1 - The core point of the announcement is the implementation of the 2024 profit distribution plan, which includes a cash dividend of 0.225 yuan per share (tax included) for all shareholders, with no bonus shares or capital reserve conversion into shares [1][2] - The profit distribution plan has been approved by the company's annual general meeting held on May 19, 2025, and details will be disclosed on the Shanghai Stock Exchange and designated media [2][3] - The conversion price of the "Feng 21 Convertible Bonds" will be adjusted from 16.00 yuan per share to 15.78 yuan per share following the implementation of the profit distribution [3] Group 2 - The company will suspend the conversion of "Feng 21 Convertible Bonds" from July 4, 2025, until the equity registration date, with resumption of conversion on the first trading day after the equity distribution [3] - Shareholders wishing to enjoy the equity distribution must convert their bonds by July 3, 2025 [3]

证券代码：603225 证券简称：新凤鸣 公告编号：2025-059 新凤鸣集团股份有限公司 关于实施2024年度权益分派时"凤21转债"停止转股 暨转股价格调整的提示性公告 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。 二、本次权益分派方案实施时停止转股的安排 （一）公司将于 2025 年 7 月 5 日在上海证券交易所网站（www.sse.com.cn） 及指定信息披露媒体《上海证券报》《证券时报》上发布权益分派实施公告和可转 债转股价格调整公告。 重要内容提示： 证券停复牌情况：适用 因公司实施 2024 年度权益分派,本公司的相关证券停复牌情况如下：自 2024 年度 权益分派实施公告前一交易日（2025 年 7 月 4 日）至权益分派股权登记日间，"凤 21 转债"将停止转股 | 113623 | 凤 21 转债 | 可转债转股停 牌 | 2025/7/4 | | | | | --- | --- | --- | --- | --- | --- | --- | | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始 ...

Report Summary 1. Report Industry Investment Rating No information about the industry investment rating is provided in the given content. 2. Core Viewpoints The report focuses on the weekly data of the large refining and chemical industry, including price, profit, inventory, and operating rate changes in different sectors such as refining, polyester, and chemicals, as well as the performance of relevant listed companies [2][8][9]. 3. Summary by Directory 3.1 Big Refining Weekly Data Briefing - **Price and Spread**: The domestic key large refining project spread this week was 2,673 yuan/ton, a week - on - week increase of 377 yuan/ton (16%); the foreign key large refining project spread was 1,241 yuan/ton, a week - on - week increase of 258 yuan/ton (26%). The average price of PX this week was 875.1 dollars/ton, a week - on - week decrease of 4.9 dollars/ton, and the spread to crude oil was 369.6 dollars/ton, a week - on - week increase of 41.0 dollars/ton [2]. - **Polyester Sector**: POY/FDY/DTY industry average prices were 7,193/7,496/8,446 yuan/ton respectively, with week - on - week increases of 146/179/186 yuan/ton. The weekly average profits were 74/10/44 yuan/ton, with week - on - week increases of 88/109/114 yuan/ton. The inventory was 17.2/18.9/25.3 days, with week - on - week changes of +0.9/ - 0.9/ - 0.3 days. The filament operating rate was 90.6%, a week - on - week increase of 0.3 pct. The downstream loom operating rate was 59.0%, a week - on - week decrease of 1.7 pct [2]. - **Refining Sector**: Domestic gasoline, diesel, and jet fuel prices rose this week, while in the US, gasoline, diesel, and jet fuel prices fell [2]. - **Chemical Sector**: The PX operating rate was 86.4%, a week - on - week increase of 0.1 pct [2]. - **Related Listed Companies**: Private large refining and chemical & polyester filament companies include Hengli Petrochemical, Rongsheng Petrochemical, Hengyi Petrochemical, Tongkun Co., Ltd., and Xin凤鸣 [2]. - **Stock Performance**: The oil and petrochemical index on June 27, 2025, showed a - 2.1% change in the past week, 1.5% in the past month, - 1.1% in the past three months, - 5.9% in the past year, and - 4.9% since the beginning of 2025. Among the listed companies, Rongsheng Petrochemical had a 2.5% increase in the past week, while Tongkun Co., Ltd. had a - 33.3% change in the past year [8]. - **Earnings Forecast**: For example, Hengli Petrochemical's expected net profit attributable to the parent company in 2025 is 8.024 billion yuan, with a PE of 12.5 in 2025E [8]. 3.2 Big Refining Weekly Report - **2.1 Big Refining Index and Project Spread Trends**: It may involve the trends of the big refining index, domestic and foreign big refining project spreads, and the changes in the performance of six private big refining companies [11][15][20]. - **2.2 Polyester Sector**: Covers various aspects such as the prices and spreads of crude oil, PX, PTA, and MEG; the operating rates of PX, PTA, and MEG; the prices and profits of POY, FDY, DTY, and polyester staple fiber; the inventory and operating rates of polyester filament and downstream looms [23][33][55]. - **2.3 Refining Sector**: Includes the prices and spreads of domestic, US, European, and Singaporean refined oil products (gasoline, diesel, and jet fuel) relative to crude oil [84][99][122]. - **2.4 Chemical Sector**: Focuses on the prices and spreads of various chemical products such as polyethylene, polypropylene, EVA, and styrene relative to crude oil [139][140][148].

Core Points - The company, Xin Feng Ming Group Co., Ltd., has announced the tracking rating results for its convertible bonds issued in 2021, maintaining a credit rating of "AA" for both the bonds and the company itself, with a stable outlook [1][2] - The tracking rating was conducted by United Ratings Co., Ltd., based on a comprehensive analysis of the company's operational status and industry conditions [2] Group 1 - The previous credit rating for the company and the "Feng 21 Convertible Bonds" was "AA," with a stable outlook, as of May 29, 2024 [2] - The current tracking rating results, dated June 23, 2025, show no changes from the previous ratings [2] - The detailed tracking rating report can be found on the Shanghai Stock Exchange website [2]

| 股票代码：603225 | 股票简称：新凤鸣 | | | 公告编号：2025-058 | | --- | --- | --- | --- | --- | | 转债代码：113623 | 转债简称：凤 | 21 | 转债 | | 新凤鸣集团股份有限公司 关于公开发行可转换公司债券 2025 年跟踪评级结果的公告 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。 重要内容提示： 凤 21 转债：前次债券评级："AA"，主体评级："AA"，评级展望：稳定 本次债券评级："AA"，主体评级："AA"，评级展望：稳定 根据中国证券监督管理委员会《上市公司证券发行注册管理办法》《上海证 券交易所公司债券上市规则》等相关规定，新凤鸣集团股份有限公司（以下简称 "公司"）委托联合资信评估股份有限公司（以下简称"联合资信"）对公司 2021 年 4 月 8 日发行的可转换公司债券（债券简称："凤 21 转债"）进行了跟踪评级。 公司前次主体信用评级结果为"AA"；"凤 21 转债"前次信用评级结果为"AA"； 前次评级展望为"稳定"；评 ...