Core Points - The company, 聚合顺, announced the convening of its third board meeting and annual shareholder meeting to discuss changes in registered capital, company address, and amendments to the articles of association [2] - The company has completed the registration and documentation process for the changes in registered capital and address, and has received a new business license from the Zhejiang Provincial Market Supervision Administration [2] Summary by Category - **Company Actions** - 聚合顺 held meetings on April 9, 2025, and April 30, 2025, to approve significant changes [2] - The company has successfully registered changes in its capital and address, and updated its articles of association [2] - **Regulatory Compliance** - The company has received a new business license following the changes from the Zhejiang Provincial Market Supervision Administration [2]

| 证券代码：605166 | 证券简称：聚合顺 | 公告编号：2025-085 | | --- | --- | --- | | 转债代码：111003 | 转债简称：聚合转债 | | | 转债代码：111020 | 转债简称：合顺转债 | | 聚合顺新材料股份有限公司 关于完成工商变更登记并换发营业执照的公告 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。 聚合顺新材料股份有限公司（以下简称"公司"）于 2025 年 04 月 09 日、2025 年 04 月 30 日分别召开第三届董事会第三十八次会议、2024 年年度股东大会， 审议通过了《关于变更注册资本、公司住所及修订<公司章程>的议案》。具体内 容详见公司于 2025 年 04 月 10 日、2025 年 05 月 01 日在上海证券交易所网站 （www.sse.com.cn）披露的《关于变更注册资本、公司住所及修订<公司章程> 的公告》（公告编号：2025-035）、《聚合顺新材料股份有限公司 2024 年年度股东 大会决议公告》（公告编号：2025-051）。 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company's nylon chip production and sales volume increased year-on-year, but the net profit attributable to the parent company faced short-term pressure in the first half of 2025 [2][3] - The company is focusing on the high-end nylon market, with ongoing capacity expansion projects expected to contribute to performance growth as downstream demand gradually recovers [9][10] Financial Performance Summary - In the first half of 2025, the company achieved operating revenue of 3.03 billion yuan, a decrease of 13.87% year-on-year. The revenue breakdown shows fiber-grade chips at 1.99 billion yuan (down 16.03%), engineering plastic-grade chips at 928 million yuan (down 16.08%), and film-grade chips at 101 million yuan (up 168.51%) [2] - The company's net profit attributable to the parent company for the first half of 2025 was 111 million yuan, down 27.60% year-on-year [3] - The company reported a significant increase in cash flow from operating activities, with a net cash flow of 115 million yuan, up 94.60% year-on-year [3] Market Performance - As of September 5, 2025, the company's stock price was 12.40 yuan, with a market capitalization of approximately 3.90 billion yuan. The stock has outperformed the CSI 300 index over the past 12 months, with a return of 34.2% compared to the index's 36.9% [5] Capacity Expansion and Market Demand - The company is advancing its capacity construction, with multiple projects underway, including a 92,000-ton technical transformation project expected to begin trial production within the year [8] - The domestic nylon chip market is expected to grow due to increased demand for high-end materials in various industries, including textiles, automotive, and electronics [9]

Group 1 - Huida Sanitary Ware plans to publicly transfer 100% equity and debt of Guangxi Xingaosheng, with debt amounts of 132 million and 138 million yuan as of June 30, 2025 [1] - Sainuo Medical received administrative regulatory measures from Tianjin Securities Regulatory Bureau due to inaccurate information disclosure in quarterly reports [2][3] - Jiangling Motors reported August vehicle sales of 30,003 units, a year-on-year increase of 8.92% [6] Group 2 - Jimin Health's controlling shareholder plans to reduce its stake by up to 3%, totaling 15.75 million shares [7] - Satellite Chemical announced routine maintenance of polyethylene and ethylene glycol facilities, expected to last 45 days [8] - Hubei Yihua's 200,000-ton caustic soda project has been successfully put into production [10] Group 3 - Shanghai Pharmaceuticals' Dihydroxypropyl Theophylline Injection has passed the consistency evaluation for generic drugs [13] - Ningbo Construction's subsidiaries won construction projects worth 1.117 billion yuan [16] - Wens Foodstuff reported August sales revenue of 4.825 billion yuan from live pigs, with a year-on-year decrease in revenue and price [28] Group 4 - Long-term Logistics announced the resignation of its deputy general manager due to personal reasons [44] - Huaming Equipment proposed a cash dividend of 2 yuan per 10 shares, totaling 179 million yuan [46] - Transsion Holdings plans to distribute a cash dividend of 0.8 yuan per share [49]

Core Points - The company is holding its fourth extraordinary general meeting of shareholders in 2025 on September 12, 2025, at 14:00 in Hangzhou, Zhejiang Province [5] - The meeting will include a proposal to adjust the capital increase for Shandong Juhua New Materials Co., Ltd. and to use part of the raised funds to provide loans for the implementation of the fundraising project [6] Meeting Procedures - The meeting will follow the rules set by the China Securities Regulatory Commission and the company's articles of association to ensure order and efficiency [1] - Only registered shareholders, their legal representatives, and authorized agents are allowed to attend the meeting, with strict measures against disruptions [1][2] - Shareholders have the right to speak, inquire, and vote during the meeting [2] - Voting will be conducted both on-site and online, with specific time slots for online voting [5] Agenda - The agenda includes reporting attendance, reading meeting guidelines, electing representatives for vote counting, discussing and voting on the proposed capital increase, and announcing the results [5][6] - The proposal involves increasing the registered capital of Shandong Juhua from 200 million RMB to 400 million RMB, with the company and Tianchen Qixiang New Materials Co., Ltd. holding 65% and 35% of the shares, respectively [6] Voting and Legal Oversight - The vote counting will involve two shareholder representatives, one supervisor, and one lawyer to ensure transparency [5][6] - The results of the voting will be announced immediately after the meeting, and a legal opinion will be provided by the appointed law firm [4][5]

Meeting Overview - The meeting is the second bondholders' meeting for "He Shun Convertible Bonds" in 2025, scheduled for September 12, 2025, at 10:30 AM in Hangzhou, Zhejiang Province [5][6] - The meeting aims to protect the legal rights of all bondholders and ensure orderly proceedings [2][3] Attendance and Participation - Only registered bondholders or their legal representatives are allowed to attend, with strict entry regulations to maintain order [2][3] - Bondholders have rights to speak, inquire, and vote during the meeting [3][4] Voting Procedures - Voting will be conducted through a combination of on-site and remote methods, with each bond valued at RMB 100 having one vote [4][5] - Bondholders must select one option from "agree," "disagree," or "abstain" on the ballot, with multiple selections considered as abstaining [4][5] Agenda Items - The main agenda includes a proposal to adjust the capital increase for Shandong He Shun New Materials Co., Ltd. and the use of part of the raised funds for lending to implement fundraising projects [6][8] - The registered capital of Shandong He Shun will increase from RMB 200 million to RMB 400 million, with the company and Tianchen Qixiang New Materials Co., Ltd. holding 65% and 35% of the shares, respectively [6][8] Legal and Regulatory Compliance - The meeting will be attended by a lawyer from Zhejiang Jindao Law Firm to provide legal opinions [5] - The resolutions and legal opinions will be announced on the Shanghai Stock Exchange website within two working days after the meeting [5]

聚合顺新材料股份有限公司 "合顺转债"2025 年第二次债券持有人会议资料 聚合顺新材料股份有限公司 "合顺转债"2025 年第二次债券持有人会议 会议资料 2025 年 9 月 12 日 聚合顺新材料股份有限公司 "合顺转债"2025 年第二次债券持有人会议资料 聚合顺新材料股份有限公司 "合顺转债"2025 年第二次债券持有人会议须知 一、聚合顺新材料股份有限公司（以下简称"公司"）根据《公司法》《证券法》 《会议规则》的规定，认真做好召开债券持有人会议的各项工作。 二、本次会议期间，全体参会人员应以维护债券持有人的合法权益，确保会议的 正常秩序和议事效率为原则，自觉履行法定义务。 三、为保证本次会议的严肃性和正常秩序，除出席会议的债券持有人及债券持有 人代理人、董事、监事、公司高级管理人员、公司聘任律师及中介机构外，公司有权 依法拒绝其他人员入场，对于干扰大会秩序，寻衅滋事和侵犯其他债券持有人合法权 益的行为，公司有权予以制止并及时报告有关部门查处。 四、债券持有人到达会场后，请在签到处签到。签到时，应出示以下证件和文件。 1、债券持有人为法人的，由法定代表人出席的，须持本人身份证、企业法人营 业执照（ ...

聚合顺新材料股份有限公司 2025 年第四次临时股东大会会议资料 聚合顺新材料股份有限公司 聚合顺新材料股份有限公司 2025 年第四次临时股东大会会议资料 聚合顺新材料股份有限公司 2025 年第四次临时股东大会 会议资料 2025 年 9 月 12 日 2、法人股东由法定代表人出席会议的，应持本人身份证、加盖公章的营业执照 复印件和法人代表证明书、股东账户卡；由法定代表人委托的代理人出席会议的，应 持加盖公章的营业执照复印件、加盖公章并由法定代表人亲笔签署的授权委托书、股 东账户卡和代理人身份证。 五、股东参加股东大会依法享有发言权、质询权、表决权等权利。 六、本次大会现场会议于 2025 年 9 月 12 日下午 14:00 正式开始，要求发言的股 东应在会议开始前在大会秘书处登记。大会秘书处按股东持股数排序发言，股东发言 时应向大会报告所持股数和姓名，发言内容应围绕本次大会的主要议题，发言时请简 短扼要，对于与本次股东大会审议事项无关的发言及质询，本次股东大会主持人有权 要求股东停止发言。 七、本次会议采用现场投票和网络投票相结合的方式，现场投票采用记名投票方 式进行表决，股东以其所持有的有表决权的股 ...

Core Viewpoint - Hainan Yongchang New Materials Co., Ltd., a major shareholder of Juhe Shun (605166.SH), announced a plan to reduce its shareholding due to its own funding needs, intending to sell up to 9,441,700 shares, which represents a maximum of 3% of the company's total share capital [1][2]. Shareholding Structure - As of the announcement date, Hainan Yongchang holds 34,868,538 shares, accounting for 11.08% of the total share capital of 314,729,307 shares [2]. - The combined shareholding of Fu Changbao, Hainan Yongchang, and Wenzhou Yongchang Holdings Co., Ltd. amounts to 110,084,588 shares, representing 34.98% of the total shares [2]. Reduction Plan Details - The reduction plan includes selling up to 3,147,200 shares through centralized bidding and up to 6,294,500 shares through block trading, with the reduction period set from September 25, 2025, to December 24, 2025 [1]. - Previous reductions by Hainan Yongchang from August 28, 2023, to September 24, 2023, involved selling 9,432,300 shares, which accounted for 2.989% of the total shares, generating a total amount of 83,720,473 yuan [3][4]. Fundraising Activities - Juhe Shun raised a total of 1.098 billion yuan through three fundraising activities, including an IPO and two rounds of convertible bond issuances [8]. - The funds raised are allocated for various projects, including the production of polyamide 6 chips and the establishment of a research and development center [5][7].

Group 1 - The stock of Juhe Shun (605166.SH) has decreased by 4.11%, currently trading at 12.13 yuan, with a transaction volume of 240 million yuan and a market capitalization of 3.8 billion yuan [1] - The shareholder, Hainan Yongchang New Materials Co., Ltd., plans to reduce its holdings due to its own funding needs, with a reduction period set from September 25, 2025, to December 24, 2025 [1] - The total shares to be reduced amount to no more than 944,170 shares, which represents a reduction of no more than 3%, with 314,720 shares to be sold through centralized bidding and 629,450 shares through block trading [1]