Group 1: Viscose Filament Yarn Segment - The company is gradually increasing its market share in the viscose filament yarn sector, with a global production capacity of approximately 250,000 to 280,000 tons per year, and a domestic capacity of around 210,000 to 240,000 tons per year [1] - As of the end of 2024, the company has a production capacity of 90,000 tons per year for viscose filament yarn, with an additional 35,000 tons per year under construction [1] - The company achieved a revenue of 2.791 billion yuan in the viscose filament yarn segment in 2024, representing a year-on-year increase of 4%, while the gross margin for viscose filament and short yarn was 20.44%, a decrease of 1.03 percentage points year-on-year [1] Group 2: Carbon Fiber Segment - The carbon fiber industry is experiencing improved market conditions, with the company having a production line for 12,000 tons per year and a capacity utilization rate of 44.59% in 2024 [2] - The company’s carbon fiber segment reported a revenue of 320 million yuan in 2024, a year-on-year decrease of 12.6%, with a gross margin of -26.74%, an increase of 7.1 percentage points year-on-year [2] - The average price of carbon fiber in China has shown signs of stabilization, with a price of 83.75 yuan/kg as of July 31, 2025, a year-on-year decrease of 8.2% [2] Group 3: Industry Outlook and Capacity - The carbon fiber industry is currently facing overcapacity, with a total capacity of 159,500 tons in China and an expected additional capacity of approximately 465,300 tons from 2025 to 2028 [3] - The "anti-involution" policy initiated by the central government is expected to help reduce supply and increase industry concentration, potentially improving the overall market conditions for carbon fiber [3] - The company has adjusted its profit forecasts for 2025-2026, expecting net profits of 130 million yuan (down 39.1%) and 183 million yuan (down 29.3%) respectively, while maintaining a positive outlook for the transition to carbon fiber products [3]

Core Points - Jilin Chemical Fiber reported a closing price of 4.04 yuan as of July 31, 2025, with a decline of 1.94% [1] - The company experienced a net outflow of main funds amounting to 27.32 million yuan, representing 8.26% of the transaction amount [1] - The latest quarterly report shows total revenue of 1.214 billion yuan, a year-on-year increase of 32.39%, while net profit decreased by 60.59% to 8.27 million yuan [1] Financial Performance - Total revenue for the first quarter of 2025 was 1.214 billion yuan, reflecting a year-on-year growth of 32.39% [1] - Net profit attributable to shareholders was 8.27 million yuan, down 60.59% year-on-year [1] - The company's current ratio is 0.493, quick ratio is 0.375, and debt-to-asset ratio stands at 62.70% [1] Company Overview - Jilin Chemical Fiber Co., Ltd. was established in 1988 and is located in Jilin City, primarily engaged in the chemical fiber manufacturing industry [2] - The company has a registered capital of 2.458 billion yuan and a paid-in capital of 69.47 million yuan [1] - The legal representative of the company is Jin Dongjie [1] Investment and Innovation - Jilin Chemical Fiber has made investments in 8 external enterprises and participated in 539 bidding projects [2] - The company holds 51 patents and has obtained 48 administrative licenses [2]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [6]. Core Views - The viscose filament yarn segment continues to thrive, with the company gradually increasing its market share and achieving full production and sales. The company has a production capacity of 90,000 tons per year in viscose filament yarn, contributing to a revenue of 2.791 billion yuan in 2024, a year-on-year increase of 4% [1]. - The carbon fiber segment is expected to reduce losses in 2025, as the industry shows signs of recovery. The company has a production line with a capacity of 12,000 tons per year, with a utilization rate of 44.59% in 2024. The revenue from this segment was 320 million yuan in 2024, a decrease of 12.6% year-on-year [2][3]. Summary by Sections Viscose Filament Yarn Segment - The global production capacity for viscose filament yarn is approximately 250,000 to 280,000 tons per year, with China's capacity stable at around 210,000 to 240,000 tons. The company is expanding its differentiated product offerings, achieving over 45% market share in the high-end segment [1]. - The company is currently constructing an additional 35,000 tons per year of viscose filament yarn capacity, with civil works completed and equipment installation underway [1]. Carbon Fiber Segment - The carbon fiber industry is currently experiencing overcapacity, with domestic production capacity at 159,500 tons. The company has a production line for carbon fiber composite materials with a capacity of 12,000 tons per year and a 100% utilization rate for its 600 tons per year small tow carbon fiber line [2][3]. - The average price of carbon fiber has been declining, but recent market conditions suggest a stabilization, with the company implementing price increases in March and May 2025 [2][3]. Financial Projections - The company’s projected net profits for 2025, 2026, and 2027 are 130 million, 183 million, and 270 million yuan respectively, reflecting significant growth from previous years [3]. - Revenue forecasts for the company are expected to grow from 3.883 billion yuan in 2024 to 5.011 billion yuan by 2027, with a compound annual growth rate of approximately 10% [5].

证券代码：000420 证券简称：吉林化纤 公告编号：2025-35 吉林化纤股份有限公司 第十届董事会第十七次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 吉林化纤股份有限公司（以下简称"公司"）第十届董事会第十七次会议通知于 2025 年 7 月 18 日以通讯方式送达，会议于 2025 年 7 月 30 日上午 10:00 在公司二楼会议室召 开，会议由董事长宋德武先生主持，应参加会议董事 11 人，实到 11 人。本次会议召开 程序符合《中华人民共和国公司法》和《公司章程》的规定。会议以现场表决的方式审议 了以下议案： 一、审议通过《关于公司董事会换届选举第十一届董事会非独立董事的议案》 经审议，公司董事会同意提名宋德武先生、徐佳威先生、金东杰先生、周东福先生、 曲大军先生、安民先生为公司第十一届董事会非独立董事候选人，董事会中兼任公司高 级管理人员以及由职工代表担任的董事人数总计未超过公司董事总数的二分之一。公司 第十一届董事会董事任期三年，自公司股东会审议通过之日起计算。上述非独立董事候 选人简历详见同日《中国证券报》《证券时报》《 ...

证券代码：000420 证券简称：吉林化纤 公告编号：2025-26 吉林化纤股份有限公司 《关于提请召开2025年第三次临时股东会的通知》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。 一、召开会议的基本情况 （一）股东会届次：2025年第三次临时股东会 （五）会议的召开方式：会议采取现场投票与网络投票相结合的方式召开。 公司将通过深圳证券交易所交易系统和互联网投票系统（网址： http://wltp.cninfo.com.cn）向全体股东提供网络形式的投票平台，股东可以在网络 投票时间内通过上述系统行使表决权。公司股东只能选择现场投票和网络投票中的一种 表决方式。如同一股份通过现场和网络投票系统重复进行表决的，以第一次表决结果为 准。 （六）股权登记日：2025 年 8 月 13 日 （七）出席对象： 于股权登记日下午收市时，在中国结算深圳分公司登记在册的公司全体股东均有权 出席股东会，并可以以书面形式委托代理人出席会议和参加表决，该股东代理人不必是 本公司股东。 （二）股东会的召集人：吉林化纤股份有限公司第十届董事会第十七次会议审议通过 提请召开2 ...

吉林化纤股份有限公司 第一章 总则 第一条 为强化公司董事会决策功能，做到事前审计、专业审计，确保董事会对管 理层的有效监督，完善公司治理结构，根据《中华人民共和国公司法》《上市公司治理 准则》《公司章程》及其他有关规定，公司特设立董事会审计委员会，并制定本工作条 例。 第二章 职责权限 第八条 下列事项应当经审计委员会全体成员过半数同意后，方可提交董事会审议 第二条 董事会审计委员会是董事会按照股东会决议设立的专门工作机构，主要负 责审核公司财务信息及其披露、监督及评估内外部审计工作和内部控制。 第二章 人员组成 第三条 审计委员会成员由三名董事组成，且不能为在上市公司担任高级管理人员 的董事。独立董事应当在审计委员会成员中占有二分之一以上的比例。本委员会成员均 须具有能够胜任本委员会工作职责的专业知识和商业经验。 第四条 审计委员会委员由董事长、二分之一以上独立董事或者全体董事的三分之 一提名，并由董事会选举产生。 第五条 审计委员会设主任委员（召集人）1名，由独立董事委员（会计专业人士 ）担任，负责主持委员会工作；主任委员在委员内选举，并报请董事会批准产生。 第六条 审计委员会任期与董事会一致，委员任期 ...

第一条 为规范吉林化纤股份有限公司（以下简称"公司"）董事离职管理 程序，保障公司治理结构的稳定性和连续性，维护公司及股东的合法权益，根据 《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》《 深圳证券交易所股票上市规则》及其他有关法律、法规和规范性文件和《吉林化 纤股份有限公司章程》（以下简称《公司章程》）的规定，特制定本制度。 第二条 本制度适用于公司全体董事因任期届满、辞职、被解除职务或其他 原因离职的情形。 第一章 总 则 第三条 公司董事离职管理应遵循以下原则： （一）合法合规原则：严格遵守国家法律法规、监管规定及《公司章程》 的要求； 吉林化纤股份有限公司 （二）公开透明原则：及时、准确、完整地披露董事离职相关信息； （三）平稳过渡原则：确保董事离职不影响公司正常经营和治理结构的稳 定性； （四）保护股东权益原则：维护公司及全体股东的合法权益。 第二章 离职的情形与程序 第四条 本制度所规定的董事离职包含以下情形： （一）董事任期届满未连选连任的； （二）董事在任期届满前主动辞职的； （三）公司股东会或者职工代表大会解任的； （四）法律法规或者《公司章程》规定的其他情形。 第 ...

吉林化纤股份有限公司 第一章 总则 第一条 为了进一步建立健全公司董事及高级管理人员的考核和薪酬管理制度，完 善公司治理结构，根据《中华人民共和国公司法》《上市公司治理准则》《公司章程》 及其他有关规定，公司特设立董事会薪酬与考核委员会，并制定本工作条例。 第二条 薪酬与考核委员会是董事会按照股东会决议设立的专门工作机构，主要负 责制定公司董事及高级管理人员的考核标准并进行考核；负责制定、审查公司董事及高 级管理人员的薪酬政策与方案，对董事会负责。 第三条 公司董事会办公室为薪酬与考核委员会提供综合服务，负责协调薪酬与考 核委员会日常工作的联络、会议组织等；公司人力资源部门为薪酬与考核委员会提供专 业支持，负责提供公司有关经营方面的资料及被考评人员的有关资料，并向薪酬与考核 委员会反馈考核制度执行情况。 第二章 人员组成 第五条 薪酬与考核委员会由董事长、二分之一以上独立董事或者全体董事得三分 之一提名，并由董事会选举产生。 第六条 薪酬与考核委员会设主任委员一名，由独立董事委员担任，负责主持委员 会工作；主任委员在委员内选举，并报请董事会批准产生。 第七条 薪酬与考核委员会与董事会任期一致，委员任期届满，连 ...

吉林化纤股份有限公司 第一条 为进一步规范吉林化纤股份有限公司（以下简称"公司"）独立董事专门 会议的议事方式和决策程序，促使并保障独立董事有效地履行其职责。根据《中华人民 共和国公司法》（以下简称"公司法"）《深圳证券交易所上市公司自律监管指引第1 号－－主板上市公司规范运作》（以下简称"主板上市公司规范运作"）《上市公司独 立董事管理办法》《公司章程》《独立董事工作制度》等有关规定，制定本制度。 第二条 独立董事专门会议是指全部由独立董事参加的专门会议。独立董事专门会 议对所议事项进行独立研讨，从公司和中小股东利益角度进行思考判断，并且形成讨论 意见。独立董事专门会议主要负责对关联交易等潜在重大利益冲突事项进行事前认可。 第五条 独立董事专门会议由三分之二以上独立董事出席或委托出席方可举行。独 立董事应当亲自出席独立董事专门会议，因故不能亲自出席会议的，应当事先审阅会议 材料，形成明确的意见，并书面委托其他独立董事代为出席。如有需要，公司非独立董 事及高级管理人员及议题涉及的相关人员可以列席独立董事专门会议，但非独立董事人 员对会议议案没有表决权。 第六条 独立董事专门会议由过半数独立董事共同推举一名独立 ...

Core Points - The document outlines the management of related party transactions for Jilin Chemical Fiber Co., Ltd, emphasizing the importance of protecting the interests of shareholders and creditors, particularly minority investors [2][3] - It defines related party transactions and establishes criteria for identifying related parties, including both legal entities and natural persons [4][5] - The document sets forth principles for related party transactions, including honesty, fairness, and the avoidance of conflicts of interest [6][7] Summary by Sections General Principles - The company aims to strengthen the management of related party transactions and ensure compliance with relevant regulations [2] - Related party transactions are defined as resource or obligation transfers between the company and its related parties, regardless of whether payment is made [3] Identification of Related Parties - Related legal entities include those that directly or indirectly control the company or are controlled by the company [4] - Related natural persons include shareholders holding more than 5% of shares, directors, and senior management [5] Transaction Pricing and Management - Related party transaction pricing should primarily follow market prices; if unavailable, a cost-plus approach is used [10][11] - The financial department is responsible for tracking market price changes and reporting to the board [12] Decision-Making Procedures - Transactions below certain thresholds can be approved by the chairman, while larger transactions require board approval [14][15] - Related parties must abstain from voting on transactions in which they have an interest [18][19] Disclosure Requirements - Transactions exceeding specified amounts must be disclosed promptly [23][24] - The company must maintain records of decision-making processes related to related party transactions for at least ten years [32][33]