北京市中伦（深圳）律师事务所 关于湖南和顺石油股份有限公司 2024 年限制性股票激励计划 回购注销部分限制性股票实施的 法律意见书 二〇二五年七月 北京市中伦（深圳）律师事务所 关于湖南和顺石油股份有限公司 2024 年限制性股票激励计划 回购注销部分限制性股票实施的 法律意见书 致：湖南和顺石油股份有限公司 北京市中伦（深圳）律师事务所（以下简称"本所"）接受湖南和顺石油股 份有限公司（以下简称"和顺石油"或"公司"）委托，担任公司 2024 年限制性 股票激励计划（以下简称"激励计划"或"本激励计划"）的专项法律顾问，现 就公司 2024 年限制性股票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"）实施相关事宜出具本法律意见书。 为出具本法律意见书，本所律师根据有关法律、行政法规、规范性文件的规 定和本所业务规则的要求，本着审慎性及重要性原则对本次激励计划调整的有关 文件资料和事实进行了核查和验证。对本法律意见书的出具，本所特作如下声明： 1. 本所律师在工作过程中，已得到和顺石油的保证：即公司业已向本所律师 提供了本所律师认为制作法律意见书所必需的原始书面材料、副本材料和口头证 言，其所 ...

Company Overview - Heshun Petroleum closed at 16.54 yuan, up 1.16%, with a rolling PE ratio of 87.87 times and a total market value of 2.868 billion yuan [1] - The company ranks 18th in the oil industry, which has an average PE ratio of 12.84 times and a median of 29.51 times [1] - As of the first quarter of 2025, three institutions held shares in Heshun Petroleum, with a total holding of 73.4287 million shares valued at 1.404 billion yuan [1] Business Operations - Heshun Petroleum's main business includes gas station chain operations, refined oil storage, logistics distribution, and wholesale, forming a complete industrial chain in the refined oil circulation sector [1] - The primary products of the company are diesel and gasoline [1] Financial Performance - In the first quarter of 2025, the company reported an operating income of 767 million yuan, a year-on-year decrease of 5.01% [1] - The net profit for the same period was 12.5903 million yuan, reflecting a year-on-year increase of 36.60% [1] - The sales gross margin stood at 8.39% [1] Industry Comparison - The average PE ratio for the oil industry is 12.84 times, while the median is 29.51 times, indicating that Heshun Petroleum's valuation is significantly higher than the industry average [2] - Other major companies in the industry, such as China National Offshore Oil Corporation and China Petroleum, have PE ratios of 9.19 and 9.46 times, respectively, highlighting the relative overvaluation of Heshun Petroleum [2]

7月1日，和顺石油今日收盘16.68元，下跌1.01%，滚动市盈率PE（当前股价与前四季度每股收益总和的 比值）达到88.61倍，总市值28.92亿元。 从行业市盈率排名来看，公司所处的石油行业行业市盈率平均12.81倍，行业中值29.80倍，和顺石油排 名第18位。 股东方面，截至2025年3月31日，和顺石油股东户数11630户，较上次减少3041户，户均持股市值35.28 万元，户均持股数量2.76万股。 湖南和顺石油股份有限公司的主营业务是加油站连锁经营、成品油仓储、物流配送、批发，在成品油流 通领域形成完整产业链。公司的主要产品是柴油、汽油。 最新一期业绩显示，2025年一季报，公司实现营业收入7.67亿元，同比-5.01%；净利润1259.03万元，同 比36.60%，销售毛利率8.39%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)11和顺石油88.6198.831.7528.92亿行业平均 12.8111.521.201749.26亿行业中值29.8034.041.5857.08亿1ST新潮9.208.411.01218.30亿2中国海油 9.219.001.5812419.58亿 ...

Group 1 - The stock of Heshun Petroleum (603353) experienced a limit down today, with a turnover rate of 10.23% and a transaction amount of 298 million yuan, showing a fluctuation of 3.17% [2] - The stock was listed on the Shanghai Stock Exchange due to a daily decline deviation of -11.17%, with a total net selling amount of 5.7839 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction amount of 56.0277 million yuan, with a buying amount of 25.1219 million yuan and a selling amount of 30.9058 million yuan, resulting in a net selling of 5.7839 million yuan [2] Group 2 - The largest buying brokerage was Founder Securities Co., Ltd. Beijing Wangjing Securities Branch, with a buying amount of 7.9057 million yuan, while the largest selling brokerage was Guotai Junan Securities Co., Ltd. Headquarters, with a selling amount of 8.5746 million yuan [3] - The stock saw a net outflow of 9.6661 million yuan in main funds today, with a significant single net outflow of 4.6801 million yuan and a large single fund net outflow of 4.9861 million yuan [2] - Over the past five days, the main funds have seen a net outflow of 27.5482 million yuan [2] Group 3 - The company's Q1 report released on April 26 showed that it achieved an operating income of 767 million yuan, a year-on-year decrease of 5.01%, while the net profit was 12.5903 million yuan, a year-on-year increase of 36.60% [2]

来源：金融界 湖南和顺石油股份有限公司的主营业务是加油站连锁经营、成品油仓储、物流配送、批发，在成品油流 通领域形成完整产业链。公司的主要产品是柴油、汽油。 最新一期业绩显示，2025年一季报，公司实现营业收入7.67亿元，同比-5.01%；净利润1259.03万元，同 比36.60%，销售毛利率8.39%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)11和顺石油100.72112.331.9832.88亿行业平均 13.1711.871.241807.30亿行业中值32.1037.131.6256.27亿1ST新潮9.208.411.01218.30亿2中国海油 9.439.211.6212709.51亿3中国石油10.0410.101.0616636.61亿4广汇能源13.8913.361.43395.61亿5中国石化 15.3013.760.836923.10亿6洲际油气25.5722.721.28110.78亿7泰山石油29.7340.033.6439.76亿8东华能源 34.4734.231.37151.94亿9康普顿40.5249.522.3127.06亿10广聚能源69.8275.3 ...

Core Viewpoint - The oil and gas sector is experiencing significant price fluctuations due to geopolitical tensions, particularly the recent airstrikes by Israel on Iran, which have raised concerns about oil supply disruptions in the Middle East [1][2]. Group 1: Market Performance - As of June 16, 2025, key stocks in the oil and gas sector have shown substantial gains, with Taishan Petroleum up 10.07%, Intercontinental Oil and Gas up 9.88%, and Heshun Petroleum up 8.17% [1]. - The Oil and Gas ETF (159697) has increased by 0.68%, marking its fourth consecutive rise, with a latest price of 1.03 yuan [1]. - Over the week leading to June 13, 2025, the Oil and Gas ETF has accumulated a rise of 4.48% [1]. Group 2: Price Trends - On June 13, 2025, WTI and Brent crude oil futures closed at $72.98 and $74.23 per barrel, respectively, reflecting increases of 16.7% and 14.9% since the beginning of the month [1]. - The report from Huatai Securities indicates that the oil price is expected to enter a high volatility phase due to potential declines in Iranian oil production and exports [2]. Group 3: Supply and Demand Outlook - The global oil demand is being impacted by the transition to electricity and gas, while supply from oil-producing countries is becoming increasingly coordinated and weaker [2]. - The oil price is projected to have a downward trend from 2025 to 2027, with a new equilibrium expected to be above $60 per barrel, driven by marginal costs and supply-side dynamics [2]. Group 4: Index Composition - The National Oil and Gas Index (399439) reflects the price changes of publicly listed companies in the oil and gas sector, with the top ten weighted stocks accounting for 66.48% of the index [2].

证券代码：603353 证券简称：和顺石油 公告编号：2025-028 湖南和顺石油股份有限公司 关于 2025 年度"提质增效重回报"行动方案的公告 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。 为深入贯彻党的二十大和中央金融工作会议精神，落实国务院《关于进一步 提高上市公司质量的意见》要求，积极响应上海证券交易所《关于开展沪市公司 "提质增效重回报"专项行动的倡议》，湖南和顺石油股份有限公司（以下简称 "公司"或"本公司"）基于对公司发展前景的坚定信心、对公司长期投资价值 的认可和切实履行社会责任，公司制定了"提质增效重回报"行动方案。现将公 司 2025 年度"提质增效重回报"行动方案报告如下： 一、深耕细作夯实主营业务，稳步开拓业务新局面 公司深耕成品油流通领域，构建起集加油站零售连锁、成品油仓储、物流配 送、批发于一体的完整产业链生态。作为湖南省首家获国家商务部批准的成品油 批发资质的石油企业，公司以湖南为核心战略支点，稳步向周边省份拓展业务， 彰显区域辐射能力与可持续发展的潜力。一直以来，公司持续夯实成品油零售业 ...

Market Overview - As of 10:30 AM today, the Shanghai Composite Index stands at 3352.43 points, above the six-month moving average, with a change of 0.15% [1] - The total trading volume of A-shares today is 568.946 billion yuan [1] Stocks Performance - A total of 138 A-shares have surpassed the six-month moving average today, with notable stocks showing significant deviation rates [1] - The stocks with the highest deviation rates include: - Dahongli (300865) with a deviation rate of 17.40%, closing at 27.74 yuan, up 19.98% [1] - Huaxi Biological (688363) with a deviation rate of 6.97%, closing at 54.41 yuan, up 7.87% [1] - *ST Chengchang (001270) with a deviation rate of 5.20%, closing at 36.55 yuan, up 5.00% [1] Additional Stocks with Notable Performance - Other stocks with significant performance include: - Zhejiang Shuwenhua (600633) with a deviation rate of 5.17%, closing at 13.62 yuan, up 5.66% [1] - Gehua Cable (600037) with a deviation rate of 4.76%, closing at 7.73 yuan, up 6.47% [1] - Stocks with smaller deviation rates that have just crossed the six-month line include Aotai Biological, Chitianhua, and Emei Mountain A [1]

证券代码：603353 证券简称：和顺石油 公告编号：2025-027 湖南和顺石油股份有限公司 2024年年度权益分派实施公告 差异化分红送转： 否 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 16 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 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： 每股分配比例 A 股每股现金红利0.1元。 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 | 2025/6/5 | － | 2025/6/6 | 2025/6/6 | 2. 分派对象： 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。 3. 分配方案： 本次利润分配以方案实施前的公司总股本173,394,000股为基数，每股派 ...

Core Viewpoint - The company is focusing on expanding its new energy business and retail operations to drive future profit growth, while also enhancing operational efficiency through technology integration [1][2][3][4] Business Performance - In Q1 2025, the company achieved a revenue of 766,857,512.37 yuan, a year-on-year decrease of 5.01%, while net profit attributable to shareholders increased by 36.6% to 12,590,258.52 yuan [2][4] - The net profit excluding non-recurring gains and losses grew by 21.45% to 8,128,082.78 yuan [2] Strategic Initiatives - The company is collaborating with Huawei to build ultra-fast charging stations, which are expected to outperform the average charging efficiency in the Hunan market [1][4] - Plans to increase the number of quality gas stations to boost sales volume and market share are underway [1][4] - The charging station business is progressing steadily, aiming to transition into a comprehensive energy service provider by leveraging existing gas station locations for "oil-electricity synergy" [3][4] Dividend Policy - The company intends to maintain a cash dividend policy, ensuring sufficient operating cash flow while actively responding to dividend policies with multiple distributions throughout the year [3][4]