Core Viewpoint - The China Securities Index for Green Development in Suzhou has shown mixed performance, with a recent decline despite a slight increase over the past month, indicating potential volatility in the green finance sector [1][2] Group 1: Index Performance - The China Securities Index for Green Development in Suzhou opened lower, down 0.83% to 627.61 points, with a trading volume of 14.341 billion yuan [1] - Over the past month, the index has increased by 4.62%, but it has decreased by 5.40% over the last three months, and it has risen by 1.89% year-to-date [1] Group 2: Index Composition - The index is composed of the top 50 listed companies in Suzhou with the highest ESG scores, reflecting the overall performance of these companies [1] - The top ten weighted companies in the index include Dongshan Precision (10.94%), Huadian Co. (8.54%), and Hengtong Optic-Electric (8.17%) among others [1] - The market share of the index's holdings is 56.71% from the Shenzhen Stock Exchange and 43.29% from the Shanghai Stock Exchange [1] Group 3: Industry Breakdown - The industry composition of the index shows that Information Technology accounts for 33.23%, followed by Industrial at 30.20%, and Communication Services at 10.43% [2] - Other sectors include Healthcare (9.33%), Materials (6.97%), Consumer Discretionary (6.74%), Energy (2.07%), and Real Estate (1.03%) [2] Group 4: Sample Adjustment - The index samples are adjusted biannually, with changes implemented on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with provisions for temporary adjustments in special circumstances [2]

Group 1 - The epoxy propylene sector experienced a decline of 3.41%, ranking among the top losers in the market, with notable declines in stocks such as Hongqiang Co., which hit the daily limit down, and others like Hongbaoli, Yida Co., and Bohai Chemical [1][2] - The sector saw a net outflow of 9.23 billion yuan in principal funds, with 18 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 30 million yuan. Hongbaoli led the outflow with 5.56 billion yuan, followed by Hangjin Technology, Wanhua Chemical, and Hongqiang Co. [2][3] - The top stocks with net inflows included Satellite Chemical, Zhongchumai, and Shida Shenghua, with inflows of 332.33 million yuan, 2.50 million yuan, and 1.99 million yuan respectively [2][3] Group 2 - The top losers in the epoxy propylene sector included Hongbaoli (-8.60%), Hangjin Technology (-3.77%), and Hongqiang Co. (-9.98%), with significant trading volumes and turnover rates [2][3] - The overall market sentiment reflected a bearish trend, with various sectors such as sodium-ion batteries and transgenic technology also experiencing declines, indicating a broader market pullback [2]

Core Viewpoint - The legal opinion letter confirms that the procedures for convening and holding the 2024 annual general meeting of Jiangsu Dongfang Shenghong Co., Ltd. comply with relevant laws, regulations, and the company's articles of association [1][2][3]. Group 1: Meeting Procedures - The 2024 annual general meeting is scheduled for May 21, 2025, and the notice was published in designated media [3][4]. - The meeting will be held at the National Advanced Functional Fiber Innovation Center in Suzhou, with the vice chairman presiding due to the chairman's absence [4]. - The meeting's actual time, location, and agenda align with the published notice [4]. Group 2: Attendance and Qualifications - A total of 10 shareholders attended the meeting, representing 4,441,854,050 shares, which is 67.1865% of the total voting shares [4][5]. - An additional 322 shareholders participated via online voting, representing 81,399,824 shares, or 1.2312% of the total voting shares [5]. - The qualifications of all attendees, including institutional and individual shareholders, were verified and found to comply with legal requirements [5][6]. Group 3: Voting Procedures and Results - The voting was conducted through a registered voting method, with both on-site and online votes counted [6]. - The meeting approved various resolutions with significant majority support, including 99.9429% approval for one resolution [7][8]. - The voting results indicate strong backing from minority investors, with 96.8274% approval for resolutions among this group [7][8][9]. Group 4: Conclusion - The legal opinion concludes that the meeting's convening, attendance, and voting procedures are all valid and comply with applicable laws and regulations [12][13].

| 股票代码：000301 | 股票简称：东方盛虹 | 公告编号：2025-052 | | --- | --- | --- | | 债券代码：127030 | 债券简称：盛虹转债 | | | | 江苏东方盛虹股份有限公司 | | 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。 江苏东方盛虹股份有限公司（以下简称"公司"）控股股东江苏盛虹科技股份有 限公司的一致行动人盛虹石化集团有限公司（以下简称"盛虹石化"）持有公司无限 售条件流通股 1,118,692,575 股，占公司总股本（以 2025 年 5 月 20 日公司总股本 公司近日接到股东盛虹石化通知，盛虹石化持有本公司的部分股份办理了质押 业务。本次股份质押后，盛虹石化累计质押公司股份数量为 127,000,000 股，占其 持股数量的 11.35%，占公司总股本的 1.92%。 | | | 一、本次股东股份质押基本情况 | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

股票代码：000301 股票简称：东方盛虹 公告编号：2025-053 债券代码：127030 债券简称：盛虹转债 江苏东方盛虹股份有限公司 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。 特别提示： 一、会议召开和出席情况 江苏东方盛虹股份有限公司（以下简称"公司"）董事会于 2025 年 4 月 29 日向公司全体股东发出《江苏东方盛虹股份有限公司关于召开 2024 年度股东大 会的通知》（公告编号：2025-031），并于 2025 年 5 月 15 日披露了召开本次股 东会的提示性公告（公告编号：2025-047）。本次股东会采取现场表决与网络投 票相结合的方式召开。 （1）现场会议于 2025 年 5 月 21 日（星期三）下午 14：00 开始，在江苏省 苏州市吴江区盛泽镇登州路 289 号国家先进功能纤维创新中心研发大楼公司会 议室召开，本次会议由副董事长计高雄先生主持。 （2）公司通过深圳证券交易所交易系统和互联网投票系统向全体股东提供 网络形式的投票平台。通过交易系统进行网络投票的时间为：2025 年 5 月 21 日 的具体时间为：2025 ...

北京市金杜（苏州）律师事务所 关于江苏东方盛虹股份有限公司 2024 年度股东大会 之法律意见书 致：江苏东方盛虹股份有限公司 北京市金杜（苏州）律师事务所（以下简称本所）接受江苏东方盛虹股份 有限公司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证 券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理 委员会《上市公司股东会规则》（以下简称《股东会规则》）等中华人民共和国 境内（以下简称中国境内，为本法律意见书之目的，不包括中国香港特别行政 区、中国澳门特别行政区和中国台湾地区）现行有效的法律、行政法规、规章 及规范性文件和现行有效的公司章程有关规定，指派律师出席了公司于 2025 年 5 月 21 日召开的 2024 年度股东大会（以下简称本次股东大会），并就本次股东 大会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限 于： 1. 经公司 2024 年第三次临时股东大会审议通过的《江苏东方盛虹股份有 限公司章程》（以下简称《公司章程》）； 2. 公司 2025 年 4 月 29 日刊登于《中国证券报》、《证券时报》、《上海 ...

| 股票代码：000301 | 股票简称：东方盛虹 | 公告编号：2025-053 | | --- | --- | --- | | 债券代码：127030 | 债券简称：盛虹转债 | | 江苏东方盛虹股份有限公司 2024 年度股东会决议公告 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。 特别提示： 1、本次股东会没有否决提案的情况。 2、本次股东会不涉及变更前次股东会决议。 一、会议召开和出席情况 1、会议召开情况 江苏东方盛虹股份有限公司（以下简称"公司"）董事会于 2025 年 4 月 29 日向公司全体股东发出《江苏东方盛虹股份有限公司关于召开 2024 年度股东大 会的通知》（公告编号：2025-031），并于 2025 年 5 月 15 日披露了召开本次股 东会的提示性公告（公告编号：2025-047）。本次股东会采取现场表决与网络投 票相结合的方式召开。 （1）现场会议于 2025 年 5 月 21 日（星期三）下午 14：00 开始，在江苏省 苏州市吴江区盛泽镇登州路 289 号国家先进功能纤维创新中心研发大楼公司会 议室召开，本次会议由副董 ...

Group 1: Cost Structure Analysis - In the textile industry, direct material costs constitute the primary component of production costs, accounting for approximately 70%-85% of total costs, which significantly impacts pricing and profitability [1][4] - Fluctuations in raw material prices have a notable effect on cost control and profitability, leading companies to adopt strategies such as centralized purchasing, hedging, and advance stocking to mitigate risks [1] Group 2: Price Transmission Mechanism - The textile industry operates through a supply, manufacturing, and sales chain, where costs from the supply side, including raw materials and labor, are transmitted to the manufacturing side as production costs, which then influence consumer pricing through demand elasticity [4] Group 3: Value Distribution in the Textile Industry - Sales represent the most critical segment of the textile value chain, with downstream apparel and home textile brands holding significant bargaining power, while upstream suppliers have limited negotiation capabilities, resulting in intense price competition and low profitability for textile manufacturers [6] Group 4: Industry Operating Efficiency - From 2015 to 2023, the total profit of China's textile industry has shown a downward trend, indicating weakened profitability; however, in 2024, the total profit for textile enterprises (excluding apparel and chemical fiber) is projected to reach 86.87 billion yuan, reflecting a year-on-year increase of 3.5% after two consecutive years of decline [10] Group 5: Profitability of Textile Enterprises - The gross profit margin in the textile industry exhibits significant quarterly cyclicality, typically fluctuating between 10% and 12%, with November generally showing higher margins above 11%, while May and August tend to have lower margins due to seasonal production and sales factors [11]

Report Summary 1. Report Industry Investment Rating No information provided regarding the industry investment rating. 2. Core Viewpoints - The company is in a favorable position in 2025 Q1, with a 38.19% increase in net profit due to low - oscillating crude oil prices supporting costs and the recovery of downstream chemical product demand [31]. - The company aims to build and promote an AI development strategy on the basis of the "1 + N" strategy, striving to become a world - class energy and chemical enterprise in the AI era [27]. - The company expects future crude oil prices to continue to fluctuate at current levels, which is beneficial for raw material cost support and potentially improving profitability [31]. 3. Summary by Directory 3.1. Research Basic Situation - The research object is Orient Shenghong, belonging to the chemical fiber industry. The reception time was May 20, 2025, and the company's reception staff included the deputy chairman, independent directors, and other executives [16]. 3.2. Detailed Research Institutions - The research institutions included investors who participated in the company's 2024 annual online performance briefing online [19]. 3.3. Research Institution Proportion No information provided. 3.4. Main Content Materials - **Company Achievements in 2024** - The company expanded its industrial layout. The devices for products such as PETG, nitrile latex, and EC/DMC were successfully started up at one time. The POSM and polyol devices of the chemical new material project were fully put into production. The photovoltaic - grade EVA increased by 200,000 tons in production capacity, reaching 500,000 tons/year [24]. - The company had significant innovation achievements, including building the world's first "from carbon dioxide to polyester fiber" industrial chain, winning multiple awards, and having some subsidiaries recognized as champions in the manufacturing industry [25][26]. - The company practiced green and low - carbon development, signing a clean power supply cooperation agreement and launching green product brands [27]. - **Q&A Session** - **EVA and POE Products**: As of the end of 2024, the company's EVA production capacity was 500,000 tons/year, ranking high in the industry in terms of scale and market share. The 100,000 - ton/year POE industrial device is under construction as planned. The company will use its strategic cooperation with downstream photovoltaic film leading enterprises to strengthen market promotion and customer expansion [28]. - **"1 + N" Strategy**: The company has formed a vertically integrated industrial chain layout. The "1 + N" pattern will enable the full linkage of refining, new energy and new materials, and polyester chemical fiber businesses in the future [30][31]. - **Profit and Market Outlook**: The company expects future crude oil prices to fluctuate, which is beneficial for cost support. It will optimize product structure, adjust pricing, and manage inventory according to market conditions [31][32]. - **Recycled Polyester Fiber**: The company's recycled polyester fiber production capacity is about 600,000 tons/year, and its downstream customers cover more than 30 well - known brands [32]. - **Tariff Impact**: In 2024, the company's overseas revenue was 6.753 billion yuan, accounting for about 5% of total revenue. The import and export volume to the US was almost zero, so future US tariff increases would have no direct impact [33]. - **Crude Oil Procurement**: The company's crude oil mainly comes from the Middle East. It formulates procurement plans based on price fluctuations and production plans and conducts appropriate crude oil futures hedging [33]. - **Capital Expenditure**: In 2024, capital expenditure was mainly for the construction of projects such as EVA, POE, POSM, and polyether polyol. The peak of capital expenditure has passed, and it is expected to decline gradually in the future [33]. - **R & D Investment**: In 2024, the company's R & D investment was 6.35 billion yuan, a year - on - year increase of 11.2%. It has multiple innovation platforms and has achieved many technological innovation results [33][34][35].