证券代码：000407 证券简称：胜利股份 公告编号：2025-020 号 山东胜利股份有限公司 关于公司股东股份减持计划实施完毕的公告 公司股东阳光人寿保险股份有限公司保证信息内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 山东胜利股份有限公司（以下简称"公司"或"本公司"）于 2025 年 8 月 5 日披露了《关于公司持股 5%以上股东减持股份的预披露公告》（公告编 号：2025-016 号）。公司股东阳光人寿保险股份有限公司（以下简称"阳光 人寿"）计划自本公告披露之日起 15 个交易日后的 3 个月时间内，以集中竞 价或大宗交易方式减持本公司股份不超过 4,400,000 股（不超过本公司总股 本的 0.50%）。 近日，公司收到股东阳光人寿出具的《关于减持山东胜利股份有限公司 股份计划实施完毕的告知函》，阳光人寿对 2025 年 8 月 5 日预披露公告所涉 及的减持公司股份计划已实施完毕，现将有关情况公告如下： 一、股东减持情况 1.本次减持股份来源：通过认购非公开发行股票方式取得的股份 2.股东本次减持股份情况 ...

Market Performance - The gas sector increased by 0.1% on September 10, with Shouhua Gas leading the gains [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Individual Stock Performance - Shouhua Gas (300483) closed at 12.69, up 4.88% with a trading volume of 362,500 shares and a turnover of 458 million yuan [1] - Victory Co. (000407) closed at 3.74, up 0.81% with a trading volume of 295,100 shares and a turnover of 110 million yuan [1] - Xinjiang Torch (603080) closed at 21.85, up 2.49% with a trading volume of 64,900 shares and a turnover of 141 million yuan [1] Capital Flow Analysis - The gas sector experienced a net outflow of 27.37 million yuan from institutional investors and 49.78 million yuan from speculative funds, while retail investors saw a net inflow of 77.15 million yuan [2] - The top net inflow from retail investors was observed in Meino Energy (001299) with 8.51 million yuan, while Shouhua Gas had a net outflow of 7.80 million yuan from retail investors [3]

Core Points - The report details a reduction in shareholding by Sunshine Life Insurance Co., Ltd. in Shandong Shengli Co., Ltd. [1][2] - The report is prepared in accordance with relevant Chinese laws and regulations, ensuring compliance and accuracy [2][5] Group 1: Company Information - Sunshine Life Insurance Co., Ltd. is located at 360-1 Yingbin Road, Sanya, Hainan Province, with a registered capital of 21.0452 billion yuan [5][6] - The company was established on December 17, 2007, and is primarily engaged in various types of life and health insurance, as well as securities investment fund sales [5][6] Group 2: Shareholding Changes - As of the report date, Sunshine Life held 45,939,641 shares of Shengli Co., accounting for approximately 5.22% of the total share capital [16][17] - The company reduced its holdings by 1,935,500 shares, representing about 0.2199% of Shengli Co.'s total share capital, with an average selling price of 3.62 yuan per share [17] Group 3: Future Plans - Sunshine Life has plans to continue reducing its holdings in Shengli Co. over the next 12 months based on asset allocation needs and market conditions [15][16]

Core Viewpoint - The report details the equity change of Sunshine Life Insurance Co., Ltd. in Shandong Shengli Co., Ltd., indicating a reduction in shareholding from 5.22% to 4.99999% through the sale of 1,935,500 shares, representing 0.2199% of the total share capital [1][3][6]. Group 1: Company Information - Sunshine Life Insurance Co., Ltd. is based in Sanya, Hainan Province, with a registered capital of 21.0452 billion RMB and operates in various insurance sectors [4]. - The company has two shareholders, with Sunshine Insurance Group holding 99.9999% of the shares [4]. Group 2: Equity Change Details - The equity change occurred between August 27, 2025, and September 5, 2025, with a transaction price averaging 3.62 RMB per share [6]. - Prior to the equity change, Sunshine Life held 45,939,641 shares, approximately 5.22% of the total share capital of 880,084,656 shares [6]. - After the reduction, Sunshine Life holds 44,004,141 shares, which is 4.99999% of the total share capital [6]. Group 3: Future Plans - Sunshine Life has indicated a potential plan to continue reducing its holdings in Shengli Co. within the next 12 months based on asset allocation needs and market conditions [6].

山东胜利股份有限公司 简式权益变动报告书 上市公司名称：山东胜利股份有限公司 股票上市地点：深圳证券交易所 股票简称：胜利股份 股票代码：000407 信息披露义务人：阳光人寿保险股份有限公司 住所：海南省三亚市迎宾路 360-1 号三亚阳光金融广场 16 层 通讯地址：海南省三亚市迎宾路 360-1 号三亚阳光金融广场 16 层 股份变动性质：减少 签署日期：2025 年 9 月 5 日 1 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》（简称"《公司法》"）、 《中华人民共和国证券法》（简称"《证券法》"）、《上市公司收购管理办法》（简 称"《收购办法》"）、《公开发行证券的公司信息披露内容与格式准则第 15 号—— 权益变动报告书》（简称"《准则第 15 号》"）及相关的法律、法规编制本报告书。 二、信息披露义务人签署本报告已获得必要的授权和批准，其履行亦不违反 信息披露义务人章程或内部规则中的任何条款，或与之相冲突。 三、依据《证券法》《收购办法》《准则第 15 号》的规定，本报告书已全面 披露信息披露义务人在山东胜利股份有限公司中拥有权益的股份变动情况。截至 本报告书签署之日，除 ...

Core Insights - The gas sector experienced a decline of 1.26% on September 3, with Shengli Co. leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Gas Sector Performance - Jiufeng Energy (605090) saw an increase of 2.57%, closing at 30.29, with a trading volume of 145,600 shares and a transaction value of 435 million [1] - Chengdu Gas (603053) increased by 1.33%, closing at 10.65, with a trading volume of 96,200 shares and a transaction value of 102 million [1] - Other notable declines include Shengli Co. (000407) down 5.90% to 3.83, with a trading volume of 1,548,600 shares and a transaction value of 602 million [2] - The gas sector saw a net outflow of 166 million from main funds, while retail investors contributed a net inflow of 119 million [2]

Core Viewpoint - Victory Co., Ltd. has shown a significant increase in stock price, with a rise of 5.14% to 3.89 CNY per share, reflecting strong trading activity and a market capitalization of 3.424 billion CNY [1] Company Overview - Victory Co., Ltd. is located in Jinan, Shandong Province, and was established on May 11, 1994, with its listing date on July 3, 1996. The company operates in sectors including plastic pipelines, biotechnology, domestic and foreign trade, chemical pesticides, and natural gas terminal application services [1] - The revenue composition of the company is primarily from natural gas and value-added services at 76.33%, while equipment manufacturing contributes 23.67% [1] Shareholder Information - CITIC Prudential Fund has a presence among the top ten circulating shareholders of Victory Co., Ltd. The CITIC Prudential Multi-Strategy Mixed Fund (LOF) A (165531) entered the top ten in the second quarter, holding 7.648 million shares, which is 0.87% of the circulating shares. The estimated floating profit for today is approximately 1.4531 million CNY [2] - The CITIC Prudential Multi-Strategy Mixed Fund (LOF) A (165531) was established on June 16, 2017, with a latest scale of 1.245 billion CNY. Year-to-date returns are 37.87%, ranking 1682 out of 8184 in its category, while the one-year return is 72.06%, ranking 1156 out of 7971 [2] Fund Manager Performance - The fund manager for CITIC Prudential Multi-Strategy Mixed Fund (LOF) A is Jiang Feng, who has been in the position for 5 years and 143 days, managing a total fund size of 5.782 billion CNY. The best fund return during his tenure is 112.87%, while the worst is 2.62% [3] - Another fund manager, Wang Ying, has been in the role for 8 years and 201 days, overseeing a fund size of 3.835 billion CNY, with a best return of 54.13% and a worst return of -8.42% during her tenure [3] Fund Holdings - CITIC Prudential Fund also holds a significant position in Victory Co., Ltd. through the CITIC Prudential Economic Selection Mixed Fund A (020151), which held 1.4768 million shares in the second quarter, accounting for 0.9% of the fund's net value. The estimated floating profit for today is around 280,600 CNY [4] - The CITIC Prudential Economic Selection Mixed Fund A (020151) was established on February 26, 2024, with a latest scale of 126 million CNY. Year-to-date returns are 39.65%, ranking 1502 out of 8184, while the one-year return is 74.45%, ranking 1043 out of 7971 [4]

Group 1 - The gas sector experienced a rise of 0.83% on August 28, with Zhongtai Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] - Zhongtai Co., Ltd. saw a significant increase in its stock price, closing at 18.58 with a rise of 12.13% [1] Group 2 - The gas sector had a net outflow of 189 million yuan from main funds, while retail investors contributed a net inflow of 111 million yuan [3] - The table provided shows various gas sector stocks, their closing prices, percentage changes, trading volumes, and transaction amounts [1][3]

Core Viewpoint - Victory Co., Ltd. reported a mixed financial performance for the first half of 2025, with a slight decline in total revenue but an increase in net profit, indicating potential operational challenges and areas for improvement [1]. Financial Performance Summary - Total revenue for the first half of 2025 was 2.158 billion yuan, a decrease of 1.64% compared to the same period in 2024 [1]. - Net profit attributable to shareholders reached 88.44 million yuan, reflecting a year-on-year increase of 7.77% [1]. - The gross profit margin was 15.52%, down 1.53% year-on-year, while the net profit margin improved to 5.18%, up 6.71% [1]. - Total expenses (selling, administrative, and financial) amounted to 194 million yuan, accounting for 8.98% of revenue, a decrease of 6.5% year-on-year [1]. - Earnings per share increased to 0.1 yuan, representing an 11.11% rise year-on-year [1]. Key Financial Metrics - Cash and cash equivalents decreased by 10.56% to 668 million yuan [3]. - Long-term borrowings decreased by 23.02% as the company adjusted its financing structure [3]. - Investment income increased by 48.12% due to higher returns from associated companies [3]. - Research and development expenses rose by 31.23%, indicating a commitment to innovation [3]. Business Model and Operational Insights - The company's return on invested capital (ROIC) was 4.34%, indicating weak capital returns [4]. - The historical median ROIC over the past decade was 5.22%, with two years of losses since its listing, suggesting a fragile business model [4]. - The company relies heavily on marketing-driven performance, necessitating a deeper analysis of the underlying drivers [4]. - Cash flow metrics indicate potential liquidity concerns, with cash and cash equivalents to current liabilities at only 30.83% [4].

Financial Performance - The company reported a total revenue of 2.158 billion yuan for the first half of 2025 [1] - The net profit attributable to shareholders was 88.4426 million yuan, an increase of 6.3798 million yuan compared to the same period last year, representing a year-on-year growth of 7.77% [1] - The operating cash flow showed a net outflow of 137 million yuan [1] Financial Ratios - The latest debt-to-asset ratio is 46.68%, a decrease of 1.65 percentage points from the previous quarter and a decrease of 4.39 percentage points from the same period last year [3] - The gross profit margin is 15.52%, an increase of 3.22 percentage points from the previous quarter [4] - The return on equity (ROE) is 2.93%, an increase of 0.12 percentage points compared to the same period last year [4] Earnings and Efficiency - The diluted earnings per share (EPS) is 0.10 yuan, an increase of 0.01 yuan compared to the same period last year, achieving a year-on-year growth of 7.83% [4] - The total asset turnover ratio is 0.33 times, an increase of 0.01 times from the same period last year, representing a year-on-year growth of 4.24% [4] - The inventory turnover ratio is 4.40 times, an increase of 0.18 times compared to the same period last year, reflecting a year-on-year growth of 4.27% [4] Shareholder Information - The number of shareholders is 45,300, with the top ten shareholders holding 307 million shares, accounting for 34.90% of the total share capital [4]