证券之星消息，9月23日，红四方（603395）融资买入1091.56万元，融资偿还868.51万元，融资净买入 223.05万元，融资余额1.63亿元，近3个交易日已连续净买入累计624.11万元，近20个交易日中有12个交 易日出现融资净买入。 | 交易日 | 融资净买入(元) | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | | 2025-09-23 | 223.05万 | 1.63亿 | 8.96% | | 2025-09-22 | 139.60万 | 1.61亿 | 8.75% | | 2025-09-19 | 261.46万 | 1.60亿 | 8.66% | | 2025-09-18 | -1804.11万 | 1.57亿 | 8.39% | | 2025-09-17 | 80.16万 | 1.75亿 | 9.09% | | 交易日 | 两融余额(元) | 余额变动(元) | 变动幅度 | | --- | --- | --- | --- | | 2025-09-23 | 1.64亿 | 222.02万 | 1.38% | | 2025-09-22 | ...

Company Overview - Full Name: Zhongyan Anhui Hongsifang Fertilizer Co., Ltd [1] - Abbreviation: Hongsifang [1] - Stock Code: 603395.SH [1] - IPO Application Date: July 5, 2022 [1] - Listing Date: November 26, 2024 [1] - Listing Board: Shanghai Stock Exchange Main Board [1] - Industry: Chemical Raw Materials and Chemical Products Manufacturing [1] - IPO Sponsor: Guoyuan Securities [1] - Legal Advisor: Anhui Tianhe Law Firm [1] - Audit Firm: Rongcheng Accounting Firm (Special General Partnership) [1] Performance Evaluation - Disclosure Issues: Required to clarify the adequacy of checks on distributors and their terminal sales; required to disclose specific measures to reduce related party transactions with controlling shareholders; required to provide a special explanation according to regulatory guidelines [1][2] - Regulatory Penalties: No deductions [2] - Public Supervision: No deductions [2] - Listing Cycle: Scored down due to a listing cycle of 875 days, exceeding the average of 629.45 days for 2024 A-share listings [2] - Multiple Applications: Not applicable, no deductions [2] Financial Metrics - Issuance Costs: Underwriting and sponsorship fees amounted to 20.0755 million yuan, with a commission rate of 5.03%, lower than the average of 7.71% [3] - Initial Listing Performance: Stock price increased by 1917.42% on the first day compared to the issue price [4] - Three-Month Performance: Stock price increased by 497.24% within three months of listing compared to the issue price [5] - Issuance Price-Earnings Ratio: Issuance P/E ratio was 10.62 times, significantly lower than the industry average of 22.23 times, representing 47.77% of the industry average [6] - Actual Fundraising: Expected to raise 532 million yuan, but actual fundraising was 399 million yuan, a decrease of 24.93% [7] Short-Term Performance Post-Listing - Revenue and Profit Decline: In 2024, the company's operating income decreased by 10.62% year-on-year, net profit attributable to the parent company decreased by 41.16%, and non-recurring net profit attributable to the parent company decreased by 48.64% year-on-year [8] - Abandonment Rate: Abandonment rate was 0.36% [8] Overall Score - Total Score: The IPO project scored 85.5 points, classified as Grade B. Negative factors affecting the score include the need for improved disclosure quality, a listing cycle exceeding two years, reduced actual fundraising, and declines in revenue and net profit in the first accounting year [8]

Company Overview - Hong Sifang, officially known as Zhongyan Anhui Hong Sifang Fertilizer Co., Ltd., is located in Hefei, Anhui Province, and was established on March 26, 2012. The company focuses on the research, production, sales, and service of compound fertilizers and nitrogen fertilizers [1]. - The company's main business revenue composition includes: compound fertilizers (92.93%), nitrogen fertilizers (5.07%), potassium sulfate (1.22%), and others (0.79%) [1]. Stock Performance - As of September 18, Hong Sifang's stock price decreased by 2.00%, trading at 35.22 CNY per share, with a total market capitalization of 9.157 billion CNY [1]. - Year-to-date, the stock price has dropped by 12.74%, with a 2.89% decline over the last five trading days and a 3.40% decline over the last 20 days. However, there has been a 5.77% increase over the last 60 days [1]. Financial Performance - For the first half of 2025, Hong Sifang reported a revenue of 1.814 billion CNY, representing a year-on-year decrease of 8.18%. The net profit attributable to shareholders was 43.9665 million CNY, down 47.10% year-on-year [2]. Shareholder Information - As of June 30, 2025, the number of shareholders for Hong Sifang was 26,700, a decrease of 23.56% from the previous period. The average number of circulating shares per shareholder increased by 73.78% to 2,009 shares [2]. - The top circulating shareholder is the Southern CSI 1000 ETF, holding 724,600 shares as a new shareholder. Other notable shareholders include Yuanxin Yongfeng Ju You A and Huaxia CSI 1000 ETF, both of which are also new entrants in the top ten circulating shareholders [3]. Market Activity - Hong Sifang has appeared on the "Dragon and Tiger List" six times this year, with the most recent appearance on August 29, where it recorded a net buy of -55.9536 million CNY. The total buying amounted to 79.1375 million CNY, accounting for 10.39% of total trading volume, while total selling reached 135 million CNY, making up 17.74% of total trading volume [1]. Industry Classification - Hong Sifang is classified under the Shenwan industry as part of the basic chemicals sector, specifically in agricultural chemical products and compound fertilizers. The company is also associated with concepts such as margin trading, fund heavy positions, newly listed stocks, rural revitalization, and state-owned enterprise reform [2].

News Summary Core Viewpoint - The supply of soda ash is under pressure due to production reductions and new capacity coming online, which may lead to a supply-demand imbalance in the future [1][3][4]. Group 1: Supply Dynamics - On September 15, several soda ash production facilities in China, including those of Henan Haohua Junhua and Zhongyan Anhui Hongsifang, reduced output, while Chongqing Heyou Industrial's facility operated at reduced capacity [1]. - The Alashan natural soda development project is set to add 2.8 million tons of soda ash and 400,000 tons of sodium bicarbonate, potentially becoming the largest natural soda production base globally [1]. Group 2: Market Conditions - As of September 15, the Zhengzhou Commodity Exchange reported a decrease in soda ash futures warehouse receipts, down to 10,096 contracts, a reduction of 666 contracts from the previous trading day [2]. - Ningzheng Futures noted that the domestic soda ash market is stabilizing, with high production levels and steady downstream demand, leading to a low-price replenishment strategy [3]. - Donghai Futures indicated that while soda ash production increased week-on-week, the overall supply pressure remains, with new installations expected in Q4, contributing to a supply surplus that is likely to suppress prices [4].

Core Viewpoint - The company Hong Sifang has experienced a decline in stock performance and financial metrics, indicating potential challenges in its operations and market position [1][2]. Financial Performance - As of June 30, 2025, Hong Sifang reported a revenue of 1.814 billion yuan, a year-on-year decrease of 8.18% [2]. - The net profit attributable to shareholders was 43.97 million yuan, reflecting a significant year-on-year decline of 47.10% [2]. - Cumulative cash dividends since the company's A-share listing amount to 30 million yuan [3]. Stock and Shareholder Information - On September 10, 2023, Hong Sifang's stock price fell by 0.25%, with a trading volume of 111 million yuan [1]. - The number of shareholders decreased to 26,700, a reduction of 23.56% compared to the previous period [2]. - The average number of circulating shares per shareholder increased by 73.78% to 2,009 shares [2]. Financing and Margin Trading - On September 10, 2023, the financing buy-in amount was 10.87 million yuan, while the financing repayment was 14.35 million yuan, resulting in a net financing outflow of 3.48 million yuan [1]. - The total margin trading balance as of September 10, 2023, was 17.1 million yuan, accounting for 8.86% of the circulating market value [1]. - The company had a margin loan balance of 345,800 yuan with a remaining short position of 9,600 shares [1]. Shareholding Structure - As of June 30, 2025, the largest circulating shareholder was the Southern CSI 1000 ETF, holding 724,600 shares as a new shareholder [3]. - Other notable shareholders included Yuanxin Yongfeng Ju You A and Huaxia CSI 1000 ETF, with significant increases in holdings [3].

股票代码：603395 股票简称：红四方 公告编号：2025-044 重要内容提示： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东会召开的时间：2025年9月10日 (二)股东会召开的地点：安徽省合肥市包河区宿松路与广福路交口信达中心 A座七楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 中盐安徽红四方肥业股份有限公司 2025年第三次临时股东会决议公告 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)涉及重大事项，5%以下股东的表决情况 ■ (三)关于议案表决的有关情况说明 本次会议由公司董事会召集，董事长陈勇先生主持。会议以现场投票结合网络投票的方式进行表决，会 议的召集、召开、表决程序、表决方式符合《公司法》《上市公司股东会规则》及《公司章程》的规 定。 (五)公司董事和董事会秘书的出席情况 (一)非累积投票议案 1、议案名称：关于变更公司经营范围、修订《公司章程》并办理工商变更登 ...

股票代码：603395 股票简称：红四方 公告编号：2025-044 中盐安徽红四方肥业股份有限公司 2025年第三次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 审议结果：通过 表决情况： | 股东类型 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | | 票数 | 比例（%） | 票数 | 比例 | 票数 | 比例 | | | | | | （%） | | （%） | | A 股 | 195,451,835 | 99.9453 | 97,210 | 0.0497 | 9,610 | 0.0050 | | 1、出席会议的股东和代理人人数 | 334 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 195,558,655 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 75.2148 | | 份 ...

法律意见书 安徽天禾律师事务所 关于中盐安徽红四方肥业股份有限公司 2025 年第三次临时股东会的法律意见书 致：中盐安徽红四方肥业股份有限公司 依据《证券法》《公司法》《上市公司股东会规则》和《中盐安徽红四 方肥业股份有限公司章程》（以下简称"《公司章程》"）的有关规定，安 徽天禾律师事务所接受中盐安徽红四方肥业股份有限公司（以下简称"公 司"）的委托，指派鲍冉、阮翰林两位律师（以下简称"本所律师"）就公 司于 2025 年 9 月 10 日召开的 2025 年第三次临时股东会（以下简称"本次 股东会"）出具本法律意见书。 本所律师按照律师行业公认的业务标准、道德规范和勤勉尽责精神，参 与了本次股东会并对公司提供的有关文件和事实进行了核查和验证，现出具 法律意见如下： 一、本次股东会的召集程序 1、本次股东会于 2025 年 9 月 10 日 14：30 如期召开，会议由董事长陈 勇主持，会议召开的实际时间、地点、内容与公告内容一致。 2、公司已通过上海证券交易所股东会网络投票系统向股东提供网络形 式的投票平台。通过交易系统投票平台进行网络投票的具体时间为股东会召 法律意见书 开当日的 9:15-9:25、 ...

截至6月30日，红四方股东户数2.67万，较上期减少23.56%；人均流通股2009股，较上期增加73.78%。 2025年1月-6月，红四方实现营业收入18.14亿元，同比减少8.18%；归母净利润4396.65万元，同比减少 47.10%。 分红方面，红四方A股上市后累计派现3000.00万元。 机构持仓方面，截止2025年6月30日，红四方十大流通股东中，南方中证1000ETF（512100）位居第一 大流通股东，持股72.46万股，为新进股东。圆信永丰聚优A（010469）位居第五大流通股东，持股 44.04万股，相比上期增加16.61万股。华夏中证1000ETF（159845）位居第六大流通股东，持股42.26万 股，为新进股东。广发中证1000ETF（560010）位居第九大流通股东，持股34.13万股，为新进股东。 圆信永丰兴源A（001965）退出十大流通股东之列。 责任编辑：小浪快报 9月9日，红四方跌2.22%，成交额1.81亿元。两融数据显示，当日红四方获融资买入额1471.94万元，融 资偿还1954.00万元，融资净买入-482.05万元。截至9月9日，红四方融资融券余额合计1.75 ...

Company Overview - Hong Sifang, established on March 26, 2012, is located in Hefei, Anhui Province, and specializes in the research, production, sales, and service of compound fertilizers and nitrogen fertilizers [1] - The company's main revenue composition includes: compound fertilizers (92.93%), nitrogen fertilizers (5.07%), potassium sulfate (1.22%), and others (0.79%) [1] Stock Performance - As of September 9, Hong Sifang's stock price decreased by 2.00%, trading at 36.19 CNY per share, with a total market capitalization of 9.409 billion CNY [1] - Year-to-date, the stock has declined by 10.34%, with a 7.28% drop over the last five trading days, a 6.54% increase over the last 20 days, and a 6.85% increase over the last 60 days [1] Financial Performance - For the first half of 2025, Hong Sifang reported a revenue of 1.814 billion CNY, a year-on-year decrease of 8.18%, and a net profit attributable to shareholders of 43.9665 million CNY, down 47.10% year-on-year [2] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 23.56% to 26,700, with an average of 2,009 circulating shares per shareholder, an increase of 73.78% [2] - The top circulating shareholder is the Southern CSI 1000 ETF, holding 724,600 shares as a new shareholder [3] Market Activity - Hong Sifang has appeared on the "Dragon and Tiger List" six times this year, with the most recent appearance on August 29, where it recorded a net buy of -55.9536 million CNY [1]