Core Viewpoint - Two A-share listed companies have announced securities investment plans, collectively intending to invest no more than 3.2 billion yuan, with funds sourced from their own capital [1] Group 1: Company Investment Plans - Lio Co., Ltd. plans to use no more than 3 billion yuan of its own funds for securities investments, with the authorization effective for one year and not requiring shareholder approval [3] - The investment options for Lio Co., Ltd. include new share placements, stock and depositary receipt investments, bond investments, and entrusted financial management [3] - Heshun Petroleum plans to use no more than 200 million yuan of idle self-owned funds for securities investments, allowing for the reinvestment of investment income [4] Group 2: Investment Strategy and Management - Both companies emphasize that their investments will not pressure daily operations or other investment activities, ensuring the safety of production and operational funds [4] - Lio Co., Ltd. has established an investment management system to diversify investments and control scale to mitigate related risks [3] - Heshun Petroleum aims to optimize fund allocation and enhance fund utilization efficiency while ensuring the safety of funds [4]

Core Viewpoint - Two A-share companies announced plans to use their own funds for "securities investment" [2][3] Group 1: Company Announcements - Liao Group (002131) plans to use up to 3 billion RMB (or equivalent foreign currency) for securities investment, including new stock subscriptions, stock and depositary receipt investments, bond investments, and other recognized investment activities [3] - The investment will be funded by the company's own resources, ensuring no impact on normal operations or financial pressure [3] - Heshun Petroleum (603353) intends to use up to 200 million RMB of idle self-owned funds for securities investment, with the ability to recycle the funds within the effective period [3][4] Group 2: Investment Strategy and Goals - Both companies emphasize the importance of ensuring fund safety and meeting daily operational needs while adhering to risk control measures [4] - The investments aim to optimize investment structure and improve fund utilization efficiency, ultimately seeking to generate higher returns for the companies and their shareholders [4]

Core Viewpoint - Two A-share companies announced plans to use their own funds for "securities investment," indicating a trend of companies seeking to optimize their investment strategies and enhance capital efficiency [2][5]. Group 1: Company Announcements - Liao Co., Ltd. (利欧股份) plans to use up to 3 billion RMB (or equivalent foreign currency) of its own funds for securities investment, approved in a board meeting on August 8, 2025 [2][5]. - Heshun Petroleum (和顺石油) intends to use no more than 200 million RMB of idle self-owned funds for securities investment, with the amount being available for rolling use within a specified period [5][8]. Group 2: Investment Methods - Investment methods for both companies include new share placements or subscriptions, stock and depositary receipt investments, bond investments, entrusted financial management, and other investment activities recognized by the Shenzhen Stock Exchange [5][8]. - Heshun Petroleum emphasizes that its investment will not affect the normal operation of its main business and will follow strict risk control measures [8]. Group 3: Financial Impact - Liao Co., Ltd. asserts that the use of its own funds for securities investment will not create financial pressure or impact its normal operations and investments [5]. - Heshun Petroleum aims to optimize its investment structure and improve capital utilization efficiency to generate more returns for the company and its shareholders [8].

Core Viewpoint - Lio Co. plans to invest up to 3 billion yuan in securities, including stock investments, aiming to enhance capital efficiency and returns [2][7][17]. Group 1: Investment Plans - Lio Co. intends to use no more than 3 billion yuan of its own funds for securities investment, with an authorization period of 12 months from the board's approval [2][7]. - The investment methods include new stock placements, stock and depositary receipt investments, bond investments, and entrusted financial management [7][9]. - Heshun Petroleum also announced plans to invest up to 200 million yuan of idle funds in securities, with a similar 12-month authorization period [4][9]. Group 2: Market Reactions - Investors have expressed mixed reactions, with some questioning why companies are investing in stocks instead of repurchasing their own shares [16][18]. - The stock prices of Lio Co. and Heshun Petroleum showed a decline and slight increase, respectively, indicating market sentiment towards these investment decisions [22]. Group 3: Financial Performance - Lio Co.'s financial performance has been volatile, with net profits of -441 million yuan in 2022, 1.966 billion yuan in 2023, and -259 million yuan in 2024 [21][22]. - Heshun Petroleum has also faced declining profits, with net profits of 104 million yuan in 2022, 52 million yuan in 2023, and 29 million yuan in 2024 [23][24].

Core Insights - Liou Co. and Heshun Petroleum both announced securities investment plans on August 8, with a combined investment of up to 3.2 billion yuan [1][3] Group 1: Liou Co. Investment Plan - Liou Co. approved a plan to use up to 3 billion yuan of its own funds for securities investment, including new stock subscriptions, stock and depositary receipt investments, bond investments, and entrusted financial management [3] - The authorization is valid for 12 months starting from August 8, and does not require shareholder meeting approval [3] - The company aims to enhance capital efficiency and returns while controlling risks and maintaining normal operations [3] - Risk management measures include diversifying investments and controlling scale [3] Group 2: Heshun Petroleum Investment Plan - Heshun Petroleum plans to use up to 200 million yuan of idle funds for securities investment, with the investment types similar to those of Liou Co. [3] - The investment amount can be recycled within the validity period, aiming to optimize investment structure and create greater economic benefits [3] - The company acknowledges the uncertainties in investment returns due to multiple market factors and highlights potential liquidity and operational risks [3] Group 3: Market Context - Many listed companies typically invest idle funds in low-risk financial products, but the decisions by Liou Co. and Heshun Petroleum to invest in the securities market indicate a positive outlook on the current capital market [3] - Market participants emphasize the importance of risk control in securities investments, suggesting that companies should align their strategies with financial conditions to ensure stability and long-term growth [4]

和顺石油8月8日公告：拟使用不超过人民币2亿元（含）的闲置自有资金进行证券投资，投资种类包含 新股配售或者申购、股票及存托凭证投资、债券投资以及上海证券交易所认定的其他投资行为。 ...

Group 1 - The company held its fourth board meeting on August 8, 2025, where all seven directors attended, ensuring the meeting's legality and validity [2][4] - The board unanimously approved the proposal to use up to RMB 200 million of idle funds for securities investment, which can be rolled over within 12 months [3][18] - The investment will include new stock subscriptions, stock and depositary receipt investments, bond investments, and other recognized investment activities [3][20] Group 2 - The board also approved the establishment of a securities investment management system to regulate investment decision-making and trading management [6][10] - The company plans to absorb and merge its wholly-owned subsidiary, Xiangtan Zhongyou Sales Co., Ltd., to enhance resource utilization and operational efficiency [8][28] - This merger will not constitute a related party transaction or a significant asset restructuring, thus not requiring shareholder approval [28][31]

Group 1 - The company, Hunan Heshun Petroleum Co., Ltd., plans to absorb and merge its wholly-owned subsidiary, Xiangtan Zhongyou Sales Co., Ltd., to enhance resource advantages, improve operational efficiency, and reduce management costs [1][3] - The merger will result in the complete dissolution of Xiangtan Zhongyou, with all its business, assets, personnel, debts, and rights being inherited by the company [1][3] - The merger does not constitute a related party transaction or a significant asset restructuring as defined by regulations, thus does not require shareholder approval [1][3] Group 2 - Hunan Heshun Petroleum Co., Ltd. has a registered capital of 173.394 million RMB and reported total assets of 2,027.0646 million RMB, with a net asset value of 1,666.5761 million RMB as of December 31, 2024 [1][2] - Xiangtan Zhongyou Sales Co., Ltd. has a registered capital of 30 million RMB, total assets of 556.7799 million RMB, and a net asset value of 97.8819 million RMB as of December 31, 2024, but reported a net loss of 4.3406 million RMB for the year [2][3] - The merger is expected to maximize the company's benefits without adversely affecting its normal operations or financial status, particularly benefiting minority shareholders [1][3]

Group 1 - The company held its fourth board meeting on August 8, 2025, with all seven directors present, ensuring compliance with legal and regulatory requirements [1] - The board unanimously approved the proposal to use up to RMB 200 million of idle funds for securities investment, with a 12-month rolling usage period [1][2] - The investment scope includes new stock subscriptions, stock and depositary receipt investments, bond investments, and other recognized investment activities [1] Group 2 - The board approved the establishment of a securities investment management system, with details available on the Shanghai Stock Exchange website [2] - The company plans to absorb and merge its wholly-owned subsidiary, Xiangtan Zhongyou Sales Co., Ltd., to enhance resource utilization, operational efficiency, and reduce management costs [2][3] - Following the merger, Xiangtan Zhongyou will be legally dissolved, and all its business, assets, personnel, debts, and claims will be inherited by the company [2][3]

Core Viewpoint - The document outlines the securities investment management system of Hunan Heshun Petroleum Co., Ltd., emphasizing the need for risk control, compliance with laws, and safeguarding the interests of the company and its shareholders [1][2]. Group 1: Securities Investment Principles - Securities investment must comply with national laws and regulations, and should be conducted in a legal, prudent, safe, and effective manner [2]. - Investment scale should align with the company's asset structure and risk tolerance, ensuring it does not affect the normal operation of the main business [2]. - Securities investment funds must come from the company's own idle funds, and fundraising funds cannot be used for securities investment [2]. Group 2: Approval Authority - Securities investments exceeding 10% of the latest audited net assets require board approval, while those exceeding 50% also need shareholder approval [3]. - The board can authorize management to make investment decisions within a 12-month period, with specific limits on transaction amounts [3]. Group 3: Business Management and Risk Control - The management is responsible for formulating and implementing investment plans, while the finance department manages the funds and maintains records [4][5]. - The audit department conducts biannual audits of the investment activities, and the audit committee can investigate investment transactions at any time [5][6]. Group 4: Information Disclosure - The company must adhere to disclosure regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange, providing necessary information about securities investments [6][7]. - Disclosure should include investment purposes, amounts, funding sources, approval procedures, impacts on the company, and risk control measures [7].