Group 1: Report Overview - Reported company: Hubei Yihua [16] - Industry: Chemical raw materials [16] - Research date: June 12, 2025 [16] Group 2: Research Institutions - Institutions participating in the research: Investors participating in the 2025 Online Collective Reception Day for Investors of Listed Companies in Hubei Province [19] Group 3: Main Content Business Strategy and Project Progress - The company completed the consolidation of Xinjiang Yihua, bringing its coal annual production capacity of 30 million tons, urea annual production capacity of 600,000 tons, PVC annual production capacity of 300,000 tons, caustic soda annual production capacity of 250,000 tons, and melamine annual production capacity of 80,000 tons into the consolidated statements, strengthening resource endowment and cost - advantage [23] - The capacity replacement and upgrading project relocated to Tianjiahe Chemical Industrial Park will be put into production in batches before the end of 2025 [24][27][34] - The 40,000 - ton pentaerythritol project is planned to be put into production before the end of 2025 [26] - The phosphochemical project has basically completed construction and is in the pre - production preparation stage [31] - The first - phase 100,000 - ton/year iron phosphate project of Bangpu Yihua has produced qualified products and is in the trial - production stage [32] Export and Market - The company is organizing the export of phosphate fertilizer and urea within the quota, with domestic market supply and price stability as the primary task [23] Corporate Governance and Shareholding - The acquisition of a 100% stake in Yichang Xinfa Investment by the controlling shareholder is a business combination under the same control. The company's shareholding in Xinjiang Yihua has increased from 35.597% to 75.00%, and Xinjiang Yihua has become a holding subsidiary [24] - As of now, the controlling shareholder Yihua Group holds 21% of the shares, not reaching the threshold for a mandatory tender offer. An increase of 1% in shareholding will trigger timely information disclosure [25] Financial and Dividend Policy - The company has a cash dividend of 645 million yuan in the past 3 years, accounting for 59.22% of the average annual net profit attributable to the parent in the same period [28] - The company has formulated a shareholder return plan for 2025 - 2027, increasing the cash dividend ratio to "the annual cash dividend amount is not less than 30% of the net profit attributable to the parent in the current year, and the cumulative cash dividend amount in three consecutive years is not less than 35% of the average annual net profit attributable to the parent in the same period" [29] Land Disposal and Government Policy - The company is sorting out the land vacated by the capacity relocation in Yichang and will plan and arrange subsequent plans scientifically and reasonably [31][32] - The company can enjoy preferential policies from relevant departments, and major matters will be disclosed in a timely manner [31][33][34] Other - The lawsuit mentioned by the investor has no relation to the company [28] - The semi - annual performance will be disclosed in the regular report [28]

Group 1: Company Performance and Strategy - The company has completed significant strategic initiatives, including the integration of Xinjiang Yihua's coal production capacity of 30 million tons and urea production capacity of 600,000 tons into its consolidated financial statements, enhancing profitability and core competitiveness [1] - The company aims to maintain profit levels despite declining prices of its main products, urea and PVC, by focusing on resource advantages and cost reduction [1][2] - The company has a cash dividend plan for 2025-2027, committing to a minimum of 30% of annual net profit for cash dividends, with a cumulative total of at least 35% of the average annual net profit over three years [5] Group 2: Production Capacity and Upgrades - The company is accelerating the construction and production processes of new projects, with the capacity replacement and upgrade project in Tianjiahe Chemical Park expected to be partially operational by the end of 2025 [3][4][7] - The company plans to establish a modern chemical industry cluster in Tianjiahe, focusing on high technology density and ecological economic benefits [3][6] - The company is currently organizing the export of phosphate and urea within the allocated quotas, balancing domestic supply and international market sales [2] Group 3: Shareholder Relations and Governance - The controlling shareholder, Yihua Group, currently holds 21% of the company's shares, which does not trigger mandatory takeover requirements [2] - The company emphasizes transparency and will disclose significant information regarding land use and government compensation related to the relocation of production capacity [6][7] - The company has a history of cash dividends totaling 645 million yuan over the past three years, representing 59.22% of the average annual net profit [4]

Group 1 - The A-share agricultural chemical sector is experiencing a volatile upward trend, with Meibang Co., Ltd. hitting the daily limit up [1] - Other companies such as Guokang Biochemical, Zhongqi Co., Ltd., Xianda Co., Ltd., Stanley, and Hubei Yihua are also seeing gains [1]

证券代码：000422 证券简称：湖北宜化 公告编号：2025-062 湖北宜化化工股份有限公司 关于控股股东增持股份触及 1%整数倍的公告 控股股东湖北宜化集团有限责任公司保证向本公司提供的信息 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。 湖北宜化化工股份有限公司（以下简称"公司"或"湖北宜化"）于 称"宜化集团"）通知，宜化集团于 2025 年 5 月 19 日至 2025 年 6 月 方式增持公司股份 2,166,700 股，占公司总股本的 0.20%。本次增持 后，宜化集团持有公司股份数量增加至 227,327,044 股，占公司总股 本的 21.00%，权益变动触及 1%的整数倍。具体情况如下： 信息披露义务人 湖北宜化集团有限责任公司 住所 宜昌市沿江大道 52 号 权益变动时间 2025 年 5 月 19 日至 2025 年 6 月 9 日 为提振资本市场投资者信心，切实维护湖北宜化股价 稳定和广大股东利益，促进湖北宜化高质量发展，公司控股 股东宜化集团于 2025 年 5 月 19 日至 2025 年 6 月 ...

证券代码：000422 证券简称：湖北宜化 公告编号：2025-062 湖北宜化化工股份有限公司 | 1．基本情况 | | | | | | --- | --- | --- | --- | --- | | 信息披露义务人 | 湖北宜化集团有限责任公司 | | | | | 住所 | 宜昌市沿江大道 52 号 | | | | | 权益变动时间 | 年 月 日至 年 月 日 2025 5 19 6 9 | 2025 | | | | 权益变动过程 | 为提振资本市场投资者信心，切实维护湖北宜化股价 稳定和广大股东利益，促进湖北宜化高质量发展，公司控股 股东宜化集团于 2025 年 5 月 19 日至 2025 年 6 月 | | 日通过 | 9 | | | 深交所交易系统以集中竞价方式增持公司股份 2,166,700 | | | | | | 股。本次权益变动不会导致公司股权分布不符合上市条件， | | | | | | 不会导致公司控制权发生变化。 | | | | | 股票简称 | 湖北宜化 股票代码 000422 | | | | | 变动方向 上升☑ | 下降□ 无☑ 有□ | | | 一致行动 | | | | | | ...

Group 1: Macro and Strategy - The issuance of special government bonds this week is 176 billion [7] - The net financing of government bonds for the 22nd week (May 26 - June 1) is 1,374 billion, and for the 23rd week (June 2 - June 8) is 2,485 billion, with a cumulative total of 6.3 trillion, exceeding last year's total by 3.6 trillion [7] - The issuance of local government bonds for the 22nd week is 1,374 billion, and for the 23rd week is 505 billion, with a cumulative total of 3.7 trillion, exceeding last year's total by 2 trillion [7] Group 2: Textile and Apparel Industry - The U.S. tariff suspension for 90 days is set to expire on July 8, with brands expressing concerns about profit impacts due to tariffs [9] - Brands with a higher revenue share from the U.S. market are more affected, with Uniqlo's U.S. revenue share at only 7%, while Adidas and PUMA are at 20% [9] - Companies with lower exposure to the U.S. market, such as Shenzhou International and Jian Sheng Group, have less than 20% of their revenue from the U.S. [10] - The net profit margins of companies are expected to remain stable even if tariffs are shared, with Shenzhou International having a net profit margin of 20.9% [10] - Investment recommendations include Shenzhou International and Huayi Group, which have low exposure to the U.S. market and strong profit margins [12] Group 3: Construction and Building Materials - The price of cement clinker in the Yangtze River Delta has increased by 30 yuan/ton, with plans for further price increases in June [13] - The issuance of special bonds has reached 1.63 trillion, a year-on-year increase of 40.7% [13] - The construction sector is expected to benefit from national strategic investments, with recommendations for state-owned enterprises like China Railway Construction and China Communications Construction [15] Group 4: Automotive Industry - Xpeng Motors reported a 331% year-on-year increase in sales for Q1 2025, with total revenue reaching 15.8 billion, a 141% increase [31][32] - The new version of the MONA M03 model saw over 10,000 pre-orders within one hour of its launch [31] Group 5: Public Utilities - The public utilities sector is characterized by its "just need" attributes, with a shift towards low-carbon energy sources [18] - The consumption of natural gas is projected to grow by 8.6% in 2024, with a long-term target of 15% by 2030 [19] - The China Securities Index for public utilities is currently undervalued, with a strong dividend payout and defensive attributes [20] Group 6: Chemical Industry - Brent crude oil averaged $64.0 per barrel in May, with a decrease of $2.5 from the previous month [21] - OPEC+ plans to continue increasing production by 411,000 barrels per day in July [22] - The demand for crude oil is expected to grow by 730,000 to 1.3 million barrels per day in 2025 [23] Group 7: Internet Industry - The Hang Seng Technology Index rose by 1.63% in May, while the Nasdaq Internet Index increased by 8.52% [24] - The overall performance of internet companies remains stable, with recommendations for Tencent Music and NetEase as defensive stocks [26]

证券代码：000422 证券简称：湖北宜化 公告编号：2025-059 湖北宜化化工股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 湖北宜化化工股份有限公司（以下简称"公司"或"本公司"） 2024 年年度权益分派方案已获 2025 年 4 月 24 日召开的 2024 年度股 东会审议通过，现将权益分派事宜公告如下： 一、股东会审议通过利润分配方案等情况 1.公司 2024 年度股东会审议通过的利润分配方案为：以实施权 益分派股权登记日登记的总股本为基数，向全体股东每 10 股派发现 金红利 2.00 元（含税），不送红股，不以公积金转增股本。 2.本次分配方案披露之日至实施期间公司总股本未发生变化，若 公司总股本在权益分派实施前发生变化，公司将按照分配比例不变的 原则，相应调整分配总额。 3.本次实施的分配方案与股东会审议通过的分配方案及其调整 原则一致。 4.本次实施分配方案距离股东会审议通过的时间未超过 2 个月。 二、本次实施的权益分派方案 本公司 2024 年年度权益分派方案为：以公司现有总股本剔除已 ...

疆宜化提供担保，新疆 宜化为公司对其担保 提供保证反担保。 证券代码：000422 证券简称：湖北宜化 公告编号：2025-061 湖北宜化化工股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 一、担保情况概述 湖北宜化化工股份有限公司（以下简称"公司"）于 2025 年 4 月 度预计的议案》《关于为参股公司提供担保暨关联交易的议案》，同 意 2025 年 度 公 司 为 控 股 子 公 司 及 参 股 公 司 提 供 总 计 不 超 过 司提供 135,100.00 万元担保额度，对资产负债率小于或等于 70%的控 股子公司提供 182,202.00 万元担保额度，对资产负债率小于或等于 工有限公司（以下简称"新疆宜化"）提供 61,201.00 万元担保。 根据生产经营资金需要，公司将全资子公司湖北宜化国际贸易有 限公司（以下简称"国际贸易"）部分未使用的担保额度 15,000.00 万 元，调剂至全资子公司内蒙古宜化化工有限公司（以下简称"内蒙宜 化"）。 新疆宜化提供担保 81,873.89 万元，未超过股东会审议通过的担保对 象及额度范 ...

证券代码：000422 证券简称：湖北宜化 公告编号：2025-060 湖北宜化化工股份有限公司 关于参加湖北辖区上市公司 2025 年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： ●召开地点：全景路演（https://rs.p5w.net/）网络平台 ●召开方式：网络文字互动 为进一步加强与投资者的互动交流，加强市值管理工作，湖北宜 化化工股份有限公司（以下简称"公司"）将参加由湖北证监局指导、 湖北省上市公司协会主办、深圳市全景网络有限公司承办的"提质增 效强信心 稳中求进促发展"—湖北辖区上市公司 2025 年投资者集 体接待日活动暨 2024 年度业绩说明会。现将有关事项公告如下： 一、活动的时间、地点和方式 ●召开时间：2025 年 6 月 12 日（星期四）14:00-16:40 联系电话：0717-8868081 二、公司出席活动的人员 董事长：卞平官先生 董事、董事会秘书：王凤琴女士 财务总监：廖辞云先生 三、投资者参与方式 投资者可于 2025 年 6 月 12 日（星期四）14:00-16 ...

证券代码：000422 证券简称：湖北宜化 公告编号：2025-061 湖北宜化化工股份有限公司 关于对外担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 一、担保情况概述 湖北宜化化工股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开的 2024 年度股东会审议通过《关于 2025 年度对外担保额 度预计的议案》《关于为参股公司提供担保暨关联交易的议案》，同 意 2025 年度公司为控股子公司及参股公司提供总计不超过 327,120.00 万元的担保额度，其中对资产负债率大于 70%的控股子公 司提供 135,100.00 万元担保额度，对资产负债率小于或等于 70%的控 股子公司提供 182,202.00 万元担保额度，对资产负债率小于或等于 70%的部分参股公司提供 9,818.00 万元担保额度；同意为新疆宜化化 工有限公司（以下简称"新疆宜化"）提供 61,201.00 万元担保。 根据生产经营资金需要，公司将全资子公司湖北宜化国际贸易有 限公司（以下简称"国际贸易"）部分未使用的担保额度 15,000.00 万 元 ...