证券代码：603260 证券简称：合盛硅业 公告编号：2025-044 合盛硅业股份有限公司 关于控股股东协议转让公司部分股份的提示性公告 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。 重要内容提示： 一、本次协议转让基本情况 公司于近日收到控股股东合盛集团通知，因其自身资金需求和上市公司发展 需要，合盛集团于 2025 年 7 月 16 日与肖秀艮签署了《合盛硅业股份有限公司 之股份转让协议》，拟将持有的 60,000,000 股无限售流通股（占公司总股本的 5.08%）通过协议转让方式以每股 43.90 元的价格转让给肖秀艮，转让总价为 2,634,000,000 元。 法定代表人：罗立国 本次权益变动前，合盛集团及其一致行动人持有合盛硅业股份 929,105,229 股，占公司当时总股本的 78.59%；本次权益变动后，合盛集团及其一致行动人 本次股权转让为合盛硅业股份有限公司（以下简称"公司"或 "合盛硅业"） 控股股东宁波合盛集团有限公司（以下简称"合盛集团"）拟通过协议转 让方式向肖秀艮转让其持有的 60,000 ...

智通财经7月16日电，合盛硅业(603260.SH)公告称，公司控股股东宁波合盛集团有限公司拟通过协议转 让方式向肖秀艮转让其持有的6000万股股份，占公司总股本的5.08%。本次股份协议转让不涉及公司控 制权变更，转让总价为26.34亿元。转让双方不存在关联关系，本次协议转让尚需经上海证券交易所合 规性审核，并在中国证券登记结算有限责任公司上海分公司办理股份转让过户登记手续。 合盛硅业：控股股东拟转让公司5.08%股份给肖秀艮 ...

合盛硅业（603260）公告，公司控股股东合盛集团拟通过协议转让方式向肖秀艮转让其持有的6000万股 股份，占公司总股本的5.08%。转让总价为26.34亿元，每股价格为43.9元。转让后，合盛集团及其一致 行动人持股比例将降至73.51%。本次股份协议转让尚需经上海证券交易所合规性审核。 ...

Group 1: Industrial Silicon Market Dynamics - Recent rebound in industrial silicon futures prices, with the main contract rising by 3.27% and trading volume increasing significantly to 1.47 million lots [1] - The rebound is attributed to government efforts to regulate low-price competition in the photovoltaic industry, leading to an orderly exit of outdated capacity and focusing on high-quality development [1] - Leading companies in the industrial silicon sector are expected to benefit from the anticipated profit recovery across the industry chain [1] Group 2: Photovoltaic Industry Trends - The photovoltaic industry has shown signs of self-discipline, with industrial silicon experiencing a "V-shaped" rebound after a challenging period [2] - Demand for industrial silicon is currently weak, influenced by low operating rates in the polysilicon sector and a cooling of terminal demand [2] - Polysilicon prices have surged significantly, with a 39% increase from a low of 30,400 yuan/ton to a peak of 42,265 yuan/ton within 14 trading days [2] Group 3: Company Performance and Outlook - Hoshine Silicon Industry reported a projected net loss of 300 million to 400 million yuan for the first half of 2025, indicating a significant quarterly loss due to declining sales prices and operational disruptions [3] - The company aims to maintain stable operations and improve cost management to navigate the industry's downturn, focusing on optimizing production processes and enhancing efficiency [4] - Hoshine's organic silicon business provides a stable cash flow, enhancing its resilience compared to peers focused solely on the photovoltaic sector [4] Group 4: Organic Silicon Industry Insights - The organic silicon sector is witnessing a steady growth in demand driven by emerging fields such as electronics and manufacturing, while new capacity additions are nearing completion [5] - The closure of Dow's European production capacity may accelerate the global supply-demand recovery in the organic silicon industry, benefiting domestic companies like Hoshine [5]

Group 1 - The company expects a net profit attributable to shareholders of the parent company for the first half of 2025 to be between -400 million and -300 million yuan, indicating a loss compared to the same period last year [1][2] - The forecasted net profit after deducting non-recurring gains and losses is expected to be between -550 million and -450 million yuan [1][2] - The previous year's profit attributable to shareholders was 143.7 million yuan, with earnings per share of 0.83 yuan [2] Group 2 - The main reasons for the anticipated loss include low operating rates in the polysilicon sector, a significant decline in industrial silicon and polysilicon market prices, and a decrease in end-user demand due to the tapering of the photovoltaic installation rush [2] - The company plans to focus on its core business, optimize resource allocation, and enhance production efficiency to maintain stable operational cash flow and ensure sustainable development [2]

Key Highlights This section provides a summary of the company's expected financial performance for the first half of 2025, indicating a projected loss [Summary of Current Period Performance Forecast](index=1&type=section&id=Summary%20of%20Current%20Period%20Performance%20Forecast) The company forecasts a net loss for the first half of 2025, with both reported and non-recurring adjusted net profits expected to be negative 2025 Half-Year Performance Forecast (Preliminary Estimates) | Indicator | Estimated Amount (Million RMB) | | :--- | :--- | | Net Profit Attributable to Owners of the Parent Company | -400 to -300 | | Net Profit Attributable to Owners of the Parent Company After Deducting Non-Recurring Gains and Losses | -550 to -450 | I. Current Period Performance Forecast This section details the company's performance forecast for the first half of 2025, including the period covered and preliminary financial estimates [(I) Performance Forecast Period](index=1&type=section&id=%28I%29%20Performance%20Forecast%20Period) This performance forecast covers the period from January 1, 2025, to June 30, 2025 - The performance forecast period is from **January 1, 2025, to June 30, 2025**[4](index=4&type=chunk) [(II) Performance Forecast Details](index=1&type=section&id=%28II%29%20Performance%20Forecast%20Details) The company projects a net loss for the first half of 2025, with both reported and non-recurring adjusted net profits expected to be negative, a reversal from the prior year's profitability 2025 Half-Year Performance Forecast (Preliminary Estimates) | Indicator | Estimated Amount (Million RMB) | | :--- | :--- | | Net Profit Attributable to Owners of the Parent Company | -400 to -300 | | Net Profit Attributable to Owners of the Parent Company After Deducting Non-Recurring Gains and Losses | -550 to -450 | [(III) Unaudited Data Statement](index=1&type=section&id=%28III%29%20Unaudited%20Data%20Statement) The performance forecast data represents preliminary estimates by the company's finance department and remains unaudited - The performance forecast data is a preliminary estimate and has not been audited[4](index=4&type=chunk) II. Prior Period Operating Performance and Financial Position This section presents the company's key profit indicators and earnings per share for the first half of the prior year [(I) Key Profit Indicators for the Prior Period](index=1&type=section&id=%28I%29%20Key%20Profit%20Indicators%20for%20the%20Prior%20Period) For the first half of 2024, the company reported a total profit of **RMB 1,437.02 million** and a net profit attributable to owners of the parent company of **RMB 978.05 million** 2024 Half-Year Key Profit Indicators | Indicator | Amount (Million RMB) | | :--- | :--- | | Total Profit | 1,437.02 | | Net Profit Attributable to Owners of the Parent Company | 978.05 | | Net Profit Attributable to Owners of the Parent Company After Deducting Non-Recurring Gains and Losses | 898.98 | [(II) Earnings Per Share for the Prior Period](index=2&type=section&id=%28II%29%20Earnings%20Per%20Share%20for%20the%20Prior%20Period) For the first half of 2024, the company reported earnings per share of **RMB 0.83** 2024 Half-Year Earnings Per Share | Indicator | Amount (RMB/share) | | :--- | :--- | | Earnings Per Share | 0.83 | III. Main Reasons for Current Period's Expected Loss The company's expected loss for the first half of 2025 is primarily due to weak downstream demand, low operating rates, and continuous price declines in industrial silicon and polysilicon markets - Overall weak downstream demand for industrial silicon and low operating rates for polysilicon[8](index=8&type=chunk) - Continuous decline in industrial silicon and polysilicon spot and futures market prices, with a significant acceleration in price drops since Q2 due to the fading solar installation rush and temporary cooling of terminal demand[8](index=8&type=chunk) - Significant year-over-year decline in the company's industrial silicon sales prices, and the photovoltaic segment incurred a temporary operating loss due to factors such as shutdown losses and inventory impairment provisions[8](index=8&type=chunk) - The company will adhere to its "focus on core business, strengthen fundamentals, optimize allocation" strategy, implementing refined management, cost reduction and efficiency improvement strategies, and production process optimization to leverage scale and supply chain advantages, reduce production costs, enhance efficiency and competitive advantage, and maintain positive operating cash flow[8](index=8&type=chunk) IV. Risk Warning This performance forecast is a preliminary, unaudited estimate based on professional judgment, with no material uncertainties affecting its accuracy - This performance forecast is a preliminary, unaudited estimate based on the company's financial department's professional judgment[9](index=9&type=chunk) - The company confirms no material uncertainties exist that would affect the accuracy of this performance forecast[9](index=9&type=chunk) V. Other Explanatory Notes Investors are advised that the forecast data is preliminary; final accurate financial figures will be in the official 2025 half-year report, and investment risks should be noted - The forecast data is preliminary; the final accurate financial figures will be based on the company's officially disclosed 2025 half-year report[10](index=10&type=chunk) - Investors are advised to be aware of investment risks[10](index=10&type=chunk)

合盛硅业(603260.SH)公告称，合盛硅业预计2025年上半年归属于母公司所有者的 净利润亏损3亿元-4亿 元，同比由盈利转为亏损。业绩变动主要原因是工业硅下游需求疲软， 光伏行业开工率低，工业硅和 多晶硅价格持续下行，导致公司销售价格下滑，叠加光伏板块停工损失及存货跌价准备影响，公司出现 阶段性亏损。 ...

Investment Rating - The report maintains a "Recommended" rating for the organic silicon industry, indicating a positive outlook for the sector [1]. Core Insights - Dow Chemical plans to close its basic siloxane plant in Barry, UK, by mid-2026 as part of its European asset optimization strategy, which will reduce siloxane production capacity by 145,000 tons per year, representing nearly one-third of Europe's total capacity [5]. - The closure is expected to enhance the pricing of organic silicon materials and improve the industry's overall profitability, while also creating significant opportunities for Chinese exporters to fill the supply gap left by the European exit [5]. - The report highlights a steady increase in industrial silicon prices, which supports the upward trend in organic silicon prices, with the average market price reaching 8,881 CNY per ton as of July 10, 2025, up 245 CNY from June 11, 2025 [6][7]. Summary by Sections Recent Trends - The organic silicon industry has shown a positive performance relative to the basic chemical sector and the CSI 300 index over the past year, with a 12-month increase of 17.4% for basic chemicals and 15.8% for CSI 300 [3]. Investment Highlights - The anticipated exit of major overseas producers from the market is expected to enhance the industry's outlook, with a notable increase in demand for organic silicon intermediates, which saw a 5.77% year-on-year increase in exports from China in the first five months of 2025 [5]. - The report emphasizes the importance of monitoring companies with organic silicon intermediate DMC production capacity, such as Xingfa Group, Luxi Chemical, Dongyue Silicon Materials, and others [8]. Key Companies and Earnings Forecast - The report provides earnings per share (EPS) forecasts for several key companies, indicating a positive growth trajectory for firms like Hoshine Silicon Industry and Xingfa Group, with projected EPS of 1.72 and 1.85 for 2025, respectively [8].

Core Viewpoint - Recent activities of several listed companies' shareholders engaging in ETF swap transactions have drawn market attention, with a focus on the implications for stock structure optimization and potential hidden risks associated with large shareholder exits [1][2][9]. Group 1: Company Actions - Hosheng Silicon Industry announced that its controlling shareholder, Hosheng Group, plans to swap up to 11.82 million shares, representing no more than 1% of the total share capital, for ETF shares within three months after 15 trading days from July 26, 2025, with an estimated market value of 591 million yuan based on a closing price of 50 yuan on July 11 [1][3][5]. - Other companies, including Shanghai Electric, Hangzhou Steel, and Longi Green Energy, have also disclosed ETF swap plans, indicating a trend among major shareholders to engage in such transactions [1][7]. Group 2: Market Implications - The move to swap single stock assets for ETF shares is seen as a way to diversify investments and reduce risks associated with holding individual stocks, which can have positive implications for optimizing the equity structure of listed companies [1][7]. - However, there are concerns that ETF swaps may serve as a covert method for major shareholders to reduce their holdings, potentially leading to hidden exits from the market [1][9]. Group 3: Regulatory Context - Regulatory bodies have encouraged the expansion of ETF offerings and the normalization of ETF swap activities, which can enhance ETF scale and liquidity, but past instances of excessive swaps have led to significant tracking errors and performance issues for ETFs [2][10]. - The industry has noted the need for careful assessment of the liquidity impact of these swaps on ETF products to ensure fair treatment of smaller investors [10].

Group 1 - The organic silicon concept sector rose by 2.51%, ranking third among concept sectors, with 33 stocks increasing in value, including Hongbai New Materials and Chenguang New Materials hitting the daily limit [1] - Notable gainers in the organic silicon sector included Silica Technology, which increased by 18.29%, and Chenghua Co., which rose by 8.09% [1] - The sector saw a net inflow of 321 million yuan from main funds, with 22 stocks experiencing net inflows, and Silica Technology leading with a net inflow of 229 million yuan [1] Group 2 - The top stocks by net inflow ratio included Chenguang New Materials at 50.01%, Hongbai New Materials at 19.28%, and Kangpeng Technology at 12.72% [2] - The organic silicon concept's top performers based on net inflow included Silica Technology with a net inflow of 228.72 million yuan and Hongbai New Materials with 45.05 million yuan [2] - Other significant stocks in the sector included He Sheng Silicon Industry and Chenguang New Materials, with net inflows of 37.25 million yuan and 36.21 million yuan, respectively [2]