金十数据6月18日讯，新凤鸣公告称，全资孙公司独山能源拟以7008万元受让金联港务36%股权。该投 资使用自有资金，不会影响公司日常生产资金周转需要和业务的正常开展。本次交易完成后，金联港务 将成为公司的参股公司，公司与金联港务业务的协同合作能否顺利实施以及效果能否达到预期存在一定 的不确定性。 新凤鸣：全资孙公司拟7008万元受让金联港务36%股权 ...

新凤鸣集团股份有限公司 公开发行可转换公司债券 受托管理事务报告 （2024年度） 债券受托管理人 （住所：新疆乌鲁木齐市高新区（新市区）北京南路 358 号大成国际大厦 20 楼 2004 室） 二零二五年六月 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称"《管理办法》"）、 《新凤鸣集团股份有限公司公开发行可转换公司债券受托管理协议》（以下简称 "《受托管理协议》"）、《新凤鸣集团股份有限公司公开发行可转换公司债券 募集说明书》（以下简称"《募集说明书》"）、《新凤鸣集团股份有限公司2024 年年度报告》等相关公开信息披露文件、第三方中介机构出具的专业意见等，由 本次可转债受托管理人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")编制。申万宏源承销保荐对本报告中所包含的从上述文件中引述 内容和信息未进行独立验证，也不就该等引述内容和信息的真实性、准确性和完 整性做出任何保证或承担任何责任。 第一章 本次可转换公司债券概况 一、核准文件及核准规模 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为申万宏源 ...

Report Industry Investment Rating No information about the industry investment rating is provided in the given content. Core Viewpoints The report presents a weekly update on the large refining and chemical industry, including price, profit, inventory, and production rate data for various segments such as refining, polyester, and chemical products, as well as performance data for major private refining and chemical companies [2][8]. Summary by Related Catalogs 1. Big Refining Weekly Data Briefing - **6 Major Private Refining Companies' Performance**: The oil and petrochemical index had a 3.5% increase in the past week, 5.0% in the past month, 5.2% in the past three months, and -3.6% in the past year. Among the companies, Rongheng Petrochemical, Hengli Petrochemical, Orient Shenghong, Hengyi Petrochemical, Tongkun Co., Ltd., and Xin Fengming had different performance in terms of stock price changes and profit forecasts [8]. - **Oil Prices and Refining Spreads**: International crude oil prices (Brent and WTI) increased this week. The domestic refining project spread was 2503.1 yuan/ton, a decrease of 172.1 yuan/ton (-6.4%) compared to the previous week. The foreign refining project spread was 968.9 yuan/ton, a decrease of 93.8 yuan/ton (-8.8%) [8]. - **Polyester Sector**: PX, MEG, PTA, POY, FDY, DTY, and other product prices, spreads, inventories, and production rates showed various changes. For example, the PX price was 818.9 dollars/ton, a decrease of 13.3 dollars/ton, and the PX production rate was 86.4%, an increase of 1.4% [9]. - **Refining Sector**: In China, the prices of gasoline, diesel, and aviation kerosene increased. In the US, the gasoline price decreased, while diesel and aviation kerosene prices increased. In Europe and Singapore, the prices and spreads of various refined oil products also changed [9]. - **Chemical Sector**: The prices and spreads of products such as EVA photovoltaic materials, EVA foaming materials, LDPE, LLDPE, HDPE, and others showed different trends [9]. 2. Big Refining Weekly Report - **2.1 Big Refining Index and Project Spread Trends**: The report may show the trends of the big refining index, the market performance of six private big refining companies, and the weekly spreads of domestic and foreign big refining projects [11][15][17]. - **2.2 Polyester Sector**: It includes data and trends on the prices, profits, inventories, and production rates of products in the polyester industry chain, such as crude oil, PX, PTA, MEG, POY, FDY, DTY, and downstream weaving [21][31][50]. - **2.3 Refining Sector**: It presents the price and spread relationships between crude oil and various refined oil products (gasoline, diesel, aviation kerosene) in different regions (China, the US, Europe, Singapore) [77][92][104]. - **2.4 Chemical Sector**: It shows the price and spread relationships between crude oil and various chemical products, such as polyethylene LLDPE, homopolymerized polypropylene, EVA foaming materials, EVA photovoltaic materials, etc. [127][128][135].

Core Viewpoint - The legal opinion letter confirms that Xinfengming Group Co., Ltd. has complied with relevant laws and regulations regarding the repurchase and cancellation of part of its restricted stock under the 2024 incentive plan [1][6][9]. Group 1: Approval and Decision-Making Process - The repurchase and cancellation of restricted stock have been approved through necessary procedures, including resolutions from the board of directors and supervisory board [6][7]. - The number of incentive objects has been adjusted from 296 to 291, and the total number of restricted stocks granted has been reduced from 13.41 million shares to 13.033 million shares [7][8]. - The grant date for the restricted stocks is set for August 30, 2024, with a grant price of 6.94 yuan per share [7][8]. Group 2: Reasons and Details of Repurchase - The repurchase is due to the departure of four incentive objects who no longer meet the incentive conditions, leading to the cancellation of 110,000 shares of restricted stock [8][9]. - The repurchase price for the restricted stock is confirmed at 6.94 yuan per share [9]. Group 3: Conclusion and Next Steps - The legal opinion concludes that the repurchase and cancellation of restricted stock are in compliance with the Company Law, Securities Law, and relevant regulations [9][10]. - The company is required to fulfill subsequent disclosure obligations and apply for the necessary registration changes related to the repurchase [10].

Core Viewpoint - The company is repurchasing and canceling 110,000 restricted shares due to the departure of certain incentive plan participants who no longer meet the eligibility criteria [1][2]. Group 1: Repurchase and Cancellation Details - The repurchase involves 110,000 restricted shares, which will be canceled as the original incentive recipients have left the company [2][3]. - The repurchase price is set at 6.94 yuan per share [2]. - The decision for the repurchase was approved in the company's 17th meeting and has been verified by the supervisory board [1][2]. Group 2: Share Structure Changes - After the cancellation, the number of restricted shares will decrease from 12,993,000 to 12,883,000 [4]. - The total share capital will reduce from 1,524,764,505 shares to 1,524,654,505 shares following the cancellation [4]. Group 3: Legal Compliance and Commitments - The company confirms that the decision-making process and information disclosure comply with relevant laws and regulations [5]. - The company has assured that all involved parties have been informed and have not raised objections regarding the repurchase [5]. - A legal opinion confirms that the repurchase plan has received necessary approvals and adheres to applicable laws [5].

| 股票代码：603225 | 股票简称：新凤鸣 | | 公告编号：2025-054 | | --- | --- | --- | --- | | 转债代码：113623 | 转债简称：凤 21 | 转债 | | 新凤鸣集团股份有限公司 股权激励限制性股票回购注销实施公告 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个别及连带责任。 重要内容提示： 回购注销原因：鉴于新凤鸣集团股份有限公司（以下简称"公司"）部分 激励对象离职已不再具备激励对象资格，公司将对上述已获授但尚未解除限售的 限制性股票共计 110,000 股进行回购注销。 本次注销股份的有关情况 原首次授予限制性股票的激励对象郁玲芬、李仕春、钟国平、于德军因个人 原因离职，根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）等有 关法律、法规和规范性文件以及《新凤鸣集团股份有限公司 2024 年限制性股票 激励计划（草案）》（以下简称"《激励计划（草案）》"）、《公司章程》的规定，郁 玲芬、李仕春、钟国平、于德军不再符合激励条件，公司将对上述激励对象已获 授的但未解除 ...

法律意见书 北京中伦（成都）律师事务所 关于新凤鸣集团股份有限公司 2024 年限制性股票激励计划 回购注销部分限制性股票 相关事项的法律意见书 二〇二五年四月 北京中伦（成都）律师事务所 关于新凤鸣集团股份有限公司 2024 年限制性股票激励计划 回购注销部分限制性股票相关事项的法律意见书 致：新凤鸣集团股份有限公司（以下简称"新凤鸣"或"公司"） 根据本所与新凤鸣签署的《律师服务合同》，作为新凤鸣2024年限制性股票激励计 划（以下简称"本次股权激励计划"）的专项法律顾问，本所根据《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（以下简称"中国证监会"）发布的《上市公司股 权激励管理办法》（以下简称"《管理办法》"）等法律、法规、规范性文件以及《新 凤鸣集团股份有限公司章程》（以下简称"《公司章程》"）的有关规定，就本次激励 计划回购并注销部分限制性股票（以下简称"本次回购注销"）有关事项出具本法律意 见书。 本所根据《公司法》《证券法》《管理办法》等现行的法律、法规、行政规章和规 范性文件的规定，以及《公司章程》《新凤鸣集 ...

1. Report Industry Investment Rating No information about the industry investment rating is provided in the content. 2. Core View of the Report The report focuses on the weekly data of the large refining and chemical industry, including price, profit, inventory, and operating rate of different sectors such as polyester, refining, and chemicals, as well as the performance and profit forecasts of related listed companies [2][8]. 3. Summary According to Relevant Catalogs 3.1 Big Refining Weekly Data Briefing - **Price and Spread**: The domestic key large refining project spread this week was 2,675 yuan/ton, a week - on - week decrease of 48 yuan/ton (-2%); the foreign key large refining project spread was 1,063 yuan/ton, a week - on - week decrease of 23 yuan/ton (-2%). The average price of PX this week was 832.1 dollars/ton, a week - on - week decrease of 8.0 dollars/ton, and the spread to crude oil was 356.4 dollars/ton, a week - on - week decrease of 13.1 dollars/ton [2]. - **Polyester Plate**: The average prices of POY/FDY/DTY this week were 6,979/7,279/8,200 yuan/ton respectively, with week - on - week changes of -57/-21/+0 yuan/ton. Their weekly average profits were 96/30/44 yuan/ton, with week - on - week increases of +8/+31/+46 yuan/ton. The inventory was 16.5/21.6/28.4 days, with week - on - week increases of +2.7/+0.9/+1.1 days. The filament operating rate was 89.1%, a week - on - week decrease of 0.6 pct. The downstream loom operating rate was 61.3%, a week - on - week decrease of 1.1 pct [2]. - **Refining Plate**: Domestic refined oil prices: gasoline, diesel, and jet fuel prices rose this week. US refined oil prices: gasoline prices fell, while diesel and jet fuel prices rose [2]. - **Chemical Plate**: The PX operating rate was 84.6%, a week - on - week increase of 3.9 pct [2]. - **Related Listed Companies**: Private large refining and chemical & polyester filament companies include Hengli Petrochemical, Rongsheng Petrochemical, Orient Shenghong, Hengyi Petrochemical, Tongkun Co., Ltd., and Xin凤鸣 [2]. - **Stock Price and Profit Forecast**: The report provides the stock price changes of 6 private refining and chemical companies in different time periods and their profit forecasts from 2024A to 2027E [8]. 3.2 Big Refining Weekly Report 3.2.1 Big Refining Index and Project Spread Trend The report shows the changes in the Shanghai - Shenzhen 300, petroleum and petrochemical, and oil prices, as well as the weekly spreads of domestic and foreign large refining projects [14][16]. 3.2.2 Polyester Plate It presents various data such as the prices, spreads, operating rates, inventories, and production - sales ratios of PX, PTA, MEG, polyester filaments (POY, FDY, DTY), polyester staple fibers, and polyester bottle chips [10]. 3.2.3 Refining Plate The report details the prices, spreads, and changes of domestic, US, European, and Singapore refined oil products (gasoline, diesel, jet fuel) compared to crude oil [10]. 3.2.4 Chemical Plate It provides the prices, spreads, and changes of various chemical products such as pure benzene, styrene, acrylonitrile, polycarbonate, MMA, etc., compared to crude oil [10].

Investment Rating - The report maintains an "Increase" rating for the oil and petrochemical industry [5] Core Viewpoints - International oil prices have shown a downward trend recently, with Brent crude settling at approximately $63.90 per barrel, down about 1.30% week-on-week, and down approximately 15.80% since the beginning of the year [19][21] - The North American active rig count has decreased week-on-week, with a notable year-on-year decline of 37 rigs, indicating a potential future increase in global drilling platform activity [31] - The refining sector shows promising recovery potential, with significant increases in price differentials for various products, suggesting improved profitability for refining companies [35] Market Performance - The CITIC oil and petrochemical sector rose approximately 0.37% during the week of May 26 to May 30, outperforming the Shanghai Composite Index by about 0.39 percentage points [16] - Key stocks that led the gains include Hengtong Co., Hongtian Co., and Compton, while stocks like Guangju Energy and Dongfang Shenghong saw declines [17][18] Investment Recommendations - The report identifies four main investment themes: 1. Focus on major energy state-owned enterprises like China National Petroleum and China National Offshore Oil Corporation, which are pushing for oil and gas exploration and green transformation [53] 2. Increased global upstream capital expenditure benefiting oil service companies such as CNOOC Services and Offshore Engineering [53] 3. Accelerated development of coal chemical projects and natural gas resources in Xinjiang, with a focus on companies like Baofeng Energy and New Natural Gas [53] 4. Refining companies planning new capacities and accelerating new material projects, recommending companies like Satellite Chemical and Hengli Petrochemical [53]

股票代码：603225 股票简称：新凤鸣 公告编号：2025-053 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 2024 年度暨 2025 年第一季度业绩暨现金分红说明会的公告 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、说明会类型 本次业绩暨现金分红说明会以网络方式举行，公司管理层就公司 2024 年年度业 绩、2025 年第一季度业绩和 2024 年度现金分红等情况与投资者进行了互动交流。 二、说明会召开的时间、地点 本次说明会于 2025 年 6 月 4 日(星期三)下午 13:30－14:30 通过上海证券交易所 上证路演中心（网址：https://roadshow.sseinfo.com/）进行在线交流。 三、参加人员 公司：董事长兼总裁庄耀中先生；副总裁兼董事会秘书杨剑飞先生；财务总监 沈孙强先生；独立董事宋爱军女士等。 四、投资者参加方式 本次业绩说明会的主要内容详见附件。 投资者以网络提问形式，就所关心的问题与公司参会人员进行了沟通交流。 特此公告。 五、会议 ...