辽宁恒敬律师事务所 法律意见书 辽宁恒敬律师事务所 关于北方华锦化学工业股份有限公司 2024年第一次临时股东大会的法律意见书 致：北方华锦化学工业股份有限公司 北方华锦化学工业股份有限公司（以下简称"公司"）2024年第 一次临时股东大会（以下简称"本次股东大会"）于2024年9月13日（星 期五）召开。本所受公司委托，指派律师出席了公司本次股东大会。 根据《中华人民共和国公司法》、《中华人民共和国证券法》、中国 证券监督管理委员会发布的《上市公司股东大会规则》、《北方华锦 化学工业股份有限公司章程》（以下简称《公司章程》）及其他法律、 法规的规定，按照律师行业公认的业务标准、道德规范和勤勉尽责精 神，本所律师对公司提供的本次股东大会相关文件和有关事实进行了 核查和验证，现就本次股东大会发表法律意见如下。 一、本次股东大会的召集、召开程序 本次股东大会是由公司董事会根据2024年8月28日召开的第八届 第二次会决议召集的。公司董事会已于2024年8月29日分别在《中国证 券报》和《证券时报》以及巨潮资讯网站www.cninfo.com.cn刊登了《北 方华锦化学工业股份有限公司关于召开2024年第一次临时股 ...

北方华锦化学工业股份有限公司（以下简称"公司"）于 2024 年 6 月 29 日 在《中国证券报》《证券时报》及巨潮资讯网发布《关于石化及配套装置检修的 公告》（2024-030）。 关于石化及配套装置检修完成开车运行的公告 本公司及董事会成员保证公告内容的真实、准确、完整，没有虚假记载、 误导性陈述或者重大遗漏。 股票代码：000059 股票简称：华锦股份 公告编号：2024-043 北方华锦化学工业股份有限公司 截至本公告披露日，石化及配套装置检修已完成，并成功开车运行。停车检 修期间，公司对生产装置进行了例行的设备检修检测和维护保养，以确保装置的 安全平稳长周期运行。 特此公告。 北方华锦化学工业股份有限公司董事会 2024年9月9日 ...

证券代码：000059 证券简称：华锦股份 北方华锦化学工业股份有限公司 投资者关系活动记录表 编号：2024-003 | --- | --- | --- | --- | --- | |-----------------------|----------------------------------------------------------------------------------------------------|----------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [2][4]. Core Views - The refining sector remains sluggish, but there is potential for improvement in the future [2]. - The company reported a revenue of 21.163 billion yuan for the first half of 2024, a year-on-year decrease of 2.74% [2]. - The net profit attributable to the parent company was -0.743 billion yuan, down 10.00% year-on-year [2]. - The net cash flow from operating activities was -3.054 billion yuan, a decline of 10.09% year-on-year [2]. - In Q2 2024, revenue was 11.714 billion yuan, a decrease of 0.59% year-on-year but an increase of 23.96% quarter-on-quarter [2]. - The net profit attributable to the parent company in Q2 was -0.242 billion yuan, down 36.20% year-on-year but up 51.75% quarter-on-quarter [2]. Summary by Sections Company Overview - The company is a leading integrated refining and chemical enterprise in China, with a diverse product portfolio including diesel, polypropylene, polyethylene, ABS resin, fertilizers, mixed aromatics, fuel oil, asphalt, and lubricants [2][5]. Market Conditions - The demand for refined oil products has significantly improved due to enhanced travel needs domestically, while the overseas refined oil market is entering a seasonal peak, leading to a notable increase in gasoline demand [2]. - The chemical sector continues to face pressure, but the aromatics and refined oil products are experiencing better market conditions [2]. Financial Projections - The company expects net profits attributable to the parent company to be 0.16 billion yuan, 0.47 billion yuan, and 0.62 billion yuan for 2024, 2025, and 2026 respectively, with corresponding PE ratios of 39.1X, 13.6X, and 10.3X based on the closing price on August 30, 2024 [4]. Operational Strategies - The company is actively engaging in hedging activities to control crude oil procurement costs, as crude oil prices are volatile and significantly impact operational performance [5]. - The fertilizer segment is performing well, with cost advantages in urea production and effective coordination of natural gas supply [5]. - The company is collaborating on an oil reserve project to ensure stable crude oil supply, which is crucial given the high dependence on external energy sources [5]. Production Capacity - The company has a substantial production capacity across multiple bases, including 8.3 million tons of crude oil processing, 500,000 tons of ethylene, and 1.32 million tons of urea annually [5].

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company experienced a year-on-year decline in performance due to a downturn in the refining industry, with Q2 2024 results showing a slight decrease in revenue and net profit [5][6] - The group refining project in collaboration with Saudi Aramco is expected to progress rapidly, enhancing the company's competitive position in the petrochemical sector [4][6] - Continuous advancement in state-owned enterprise reforms is anticipated to improve the company's valuation over time [4] Financial Performance - For the first half of 2024, the company achieved operating revenue of 21.16 billion yuan, a year-on-year decrease of 2.7%, and a net profit attributable to shareholders of -743 million yuan, a decline of 0.68 billion yuan [3] - In Q2 2024, the company reported operating revenue of 11.71 billion yuan, a year-on-year decrease of 0.6% but a quarter-on-quarter increase of 24%, with a net profit of -242 million yuan, down 0.64 billion yuan year-on-year but up 2.59 million yuan quarter-on-quarter [3] Project Developments - The collaboration with Saudi Aramco involves a significant investment of 83.7 billion yuan for a large-scale integrated refining and chemical project, with an expected crude oil processing capacity of 300,000 barrels per day [4] - As of March 15, 2024, multiple production facilities have commenced construction, with an overall startup rate of 87.5% for the 32 planned production units [4] Future Outlook - The refining industry's demand is expected to recover in the second half of 2024, which may lead to improved profitability for the company [5] - The company's net profit forecasts for 2024-2026 have been adjusted downward, with expected figures of 12 million yuan, 234 million yuan, and 413 million yuan respectively [6]

股票代码：000059 股票简称：华锦股份 公告编号：2024-037 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 北方华锦化学工业股份有限公司（以下简称"公司"）于 2024 年 8 月 28 日召开 第八届第二次董事会，审议通过了《关于公司及控股子公司申请增加上海原油期货业 务的议案》，同意公司及控股子公司盘锦北方沥青股份有限公司（以下简称"北沥公 司"）根据实操需要，增加境内上海原油期货业务，并开展与生产经营所需原材料和 产品相关的套期保值业务。现将有关情况公告如下： 北方华锦化学工业股份有限公司 关于公司及控股子公司增加上海原油期货业务的公告 一、增加上海原油期货业务的必要性 1.作为境外原油期货的补充 华锦股份和北沥公司的金融衍生业务均委托振华石油代理操作，业务所需保证金、 衍生品交易资金均通过振华石油收付。但目前涉及境外操作的外汇资金支付路径不通， 导致境外原油期货交易暂无法开展，因此需要增加境内上海原油期货来保证原油金融 衍生业务正常开展。 2.作为沥青期货的补充 上海期货交易所上市的石油沥青期货以华东地区为主要定价中心，北沥公司沥青 产品主 ...

兵工财务有限责任公司 2024 年半年度 持续风险评估报告 一、公司的基本情况 兵工财务有限责任公司(以下简称"公司")创建于 1997 年 6 月 4 日，其前身是 北方工业集团财务有限责任公司，2001 年 11 月更名为兵器财务有限责任公司，2005 年办理了增资扩股及变更营业范围等事项，2011 年再次办理了增资扩股事项，2011 年 底更名为兵工财务有限责任公司，2020 年再次进行了增资扩股，公司注册资本扩到 634,000 万元。 2024 年 2 月 6 日经国家金融监督管理总局北京监管局批准换发了新的《金融许可 证》。2016 年 3 月 14 日更换统一社会信用代码为 91110000100026734U。 1 序号 股东名称 认缴出资额（万元） 占比（%） 1 中国兵器工业集团有限公司 294,600 46.466 2 中国北方工业有限公司 60,000 9.464 3 北京北方车辆集团有限公司 35,600 5.615 4 北方信息控制研究院集团有限公司 34,000 5.363 5 兵器工业机关服务中心 22,000 3.470 6 内蒙古第一机械集团有限公司 20,000 3.15 ...

2 北方华锦化学工业股份有限公司 | | 兵器下属子公司 | 同受本公司实际控制 人控制 | 预付账款 | | 2,106,760,368.95 10,012,309,114.80 | | 11,866,278,646.79 | 252,790,836.96 | 预付原油款 及材料款 | 经营性往来 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 北方华锦化学工业集团有限公司 | 控股股东 | 预付账款 | 1,051,231,800.96 | 1,933,429,958.90 | | | 1,901,138,469.33 1,083,523,290.53 | 预付原油税 款 | 经营性往来 | | 小计 | | | | 3,299,362,635.82 | 12,348,338,510.77 | | 14,163,058,089.64 | 1,484,659,039.24 | | | | | 盘锦北方沥青股份有限公司 | 子公司 | 应收账款 | 58,782,495.11 | 749,938,154.66 ...

北方华锦化学工业股份有限公司 关于控股子公司向关联方提供反担保暨关联交易公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性 陈述或重大遗漏。 股票代码：000059 股票简称：华锦股份 公告编号：2024-039 一、反担保概述 大连北方油品储运有限公司（以下简称"大连储运公司"）在上海国际能源交易中 心股份有限公司（以下简称为"INE"）申请了期货交割库，库容20万立方米，总额度 5.8亿元人民币，振华石油控股有限公司（以下简称"振华石油"）作为大连储运公司 控股股东对此事项承担100%连带责任保证担保，本公司控股子公司盘锦北方沥青股份 有限公司（以下简称"北沥公司"）作为大连储运公司的参股股东与其他股东按照出资 比例提供反担保,北沥公司持股26%，担保金额为1.5亿元。 振华石油为公司实际控制人中国兵器工业集团公司成员单位中国北方工业公司 的控股子公司，北沥公司为本公司控股子公司，因此本次交易事项构成关联交易。 公司第八届第二董事会审议并通过了《关于控股子公司向关联方提供反担保暨关 联交易的议案》。独立董事专门会议以3票同意，0票反对，0票弃权审议通过此项议案， 并发表审 ...

Financial Performance - The company's operating revenue for the reporting period was ¥21,163,104,833.51, a decrease of 2.74% compared to the same period last year[10]. - The net profit attributable to shareholders of the listed company was -¥742,893,289.75, representing a decline of 10.00% year-on-year[10]. - The net cash flow from operating activities was -¥3,053,746,820.08, which is a decrease of 10.09% compared to the previous year[10]. - The total assets at the end of the reporting period were ¥28,203,751,540.31, down 11.56% from the end of the previous year[10]. - The net assets attributable to shareholders of the listed company decreased by 5.16% to ¥13,549,512,300.88 compared to the end of the previous year[10]. - The basic earnings per share for the reporting period was -¥0.4645, a decrease of 10.02% year-on-year[10]. - The diluted earnings per share also stood at -¥0.4645, reflecting a 10.02% decline compared to the same period last year[10]. - The weighted average return on net assets was -5.34%, a decrease of 0.55% from the previous year[10]. - The company reported a net loss of CNY 743 million for the first half of 2024, influenced by insufficient economic recovery in downstream petrochemical sectors[12]. - The company's net profit for the first half of 2024 was -767,580,058.66 CNY, compared to -619,691,019.85 CNY in the same period of 2023, indicating a decline of approximately 23.9%[65]. Revenue Breakdown - The company achieved a revenue of CNY 21.16 billion in the first half of 2024, a decrease of 2.74% compared to CNY 21.76 billion in the same period last year[17]. - Total revenue for the first half of 2024 was CNY 21.16 billion, a decrease of 2.74% compared to CNY 21.76 billion in the same period last year[18]. - The petrochemical segment generated CNY 18.44 billion, accounting for 87.13% of total revenue, with a decline of 2.15% year-on-year[18]. - The fine chemicals segment saw an increase in revenue to CNY 1.49 billion, up 6.51% from CNY 1.40 billion last year[18]. - Export revenue increased significantly by 53.51% to CNY 1.66 billion, compared to CNY 1.08 billion in the previous year[18]. Cost Management and Investments - Research and development investment increased by 32.70% to CNY 91.22 million, reflecting a stronger focus on innovation[17]. - The company implemented 177 cost-reduction measures to mitigate the negative impacts of fluctuating international oil prices and insufficient downstream market demand[13]. - The financial expenses decreased by 13.32% to CNY 83.49 million, indicating improved cost management[17]. - The company optimized its procurement strategy, resulting in a reduction in procurement costs compared to the previous year[12]. Environmental Compliance - The company holds a pollution discharge permit valid until January 27, 2027, under the petrochemical industry discharge technical specifications[34]. - The total annual emissions for sulfur dioxide are 3614.41 tons, nitrogen oxides are 6252.53 tons, and particulate matter is 763.43 tons[35]. - The company is compliant with multiple environmental protection laws and standards, including the "Comprehensive Discharge Standard for Air Pollutants" GB16297-1996[34]. - The company has implemented measures to ensure that emissions do not exceed the approved limits, with no reported exceedances[35]. - The company invested CNY 80.2958 million in environmental governance and paid CNY 1.6599 million in environmental protection tax during the first half of 2024[38]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this period[1]. - The company has no ongoing stock incentive plans or employee stock ownership plans during the reporting period[33]. - The total number of ordinary shareholders at the end of the reporting period was 52,175, with the largest shareholder, Northern Huajin Chemical Group Co., Ltd., holding 27.16% of shares[49]. - The company held an annual shareholder meeting with a participation rate of 30.49% on May 8, 2024[31]. Asset and Liability Management - Cash and cash equivalents at the end of the reporting period were CNY 5.85 billion, down 8.84% from CNY 9.43 billion at the end of the previous year[21]. - Inventory increased to CNY 7.36 billion, representing 26.09% of total assets, up from 18.24% last year[21]. - The total liabilities decreased from CNY 16.91 billion to CNY 13.97 billion, a decline of about 17.3%[57]. - The company's retained earnings decreased from CNY 5.56 billion to CNY 4.80 billion, a reduction of approximately 13.8%[57]. Financial Transactions and Related Parties - The company reported a total of 1,001,230.9 thousand CNY in related party transactions, accounting for 92.43% of similar transaction amounts[40]. - The maximum daily deposit limit with the related party, Bingtong Financial Co., is set at 700,000, with a deposit interest rate range of 0.37%-1.21%[41]. - The total amount deposited during the current period with Bingtong Financial Co. is 2,784,423.76, while the total amount withdrawn is 3,147,918.76, resulting in an ending balance of 297,545.87[41]. Accounting Policies and Standards - The company adheres to the latest accounting standards issued by the Ministry of Finance, ensuring that its financial reports accurately reflect its financial position and operating results[85]. - The company recognizes revenue upon the transfer of control of goods to customers, which occurs when customers can direct the use of the goods and obtain almost all economic benefits[138]. - The company applies the expected credit loss model for other receivables, determining provisions based on historical loss experience and current conditions[109]. Employee and Corporate Governance - The company has committed to protecting employee rights and providing a safe working environment, including health monitoring for special positions[38]. - The company has maintained a focus on fair and transparent information disclosure to protect investor rights[38]. - The company recognizes estimated liabilities for obligations arising from guarantees, litigation, product quality assurance, and loss contracts when the amount can be reliably measured[134][135].