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"）于 2025 年 12 月 26 日收到深圳证券交易所（以下简称"深交所"）出具的《关于 受理湖北宜化化工股份有限公司向不特定对象发行可转换公司债券 申请文件的通知》（深证上审〔2025〕269 号）。深交所对公司报送 的向不特定对象发行可转换公司债券的申请文件进行了核对，认为申 请文件齐备，决定予以受理。 公司本次向不特定对象发行可转换公司债券事项尚须深交所审 核通过，并经中国证券监督管理委员会（以下简称"中国证监会"） 同意注册方可实施，最终能否通过深交所审核并获得中国证监会同意 注册的批复及其时间尚存在不确定性。公司将根据该事项进展情况及 时履行信息披露义务，敬请广大投资者注意投资风险。 特此公告。 湖北宜化化工股份有限公司 证券代码：000422 证券简称：湖北宜化 公告编号：2025-142 湖北宜化化工股份有限公司 关于向不特定对象发行可转换公司债券申 请获得深圳证券交易所受理的公告 董 事 会 2025 年 12 月 28 日 ...

申万宏源证券承销保荐有限责任公司 关于湖北宜化化工股份有限公司 向不特定对象发行可转换公司债券 之 发行保荐书 保荐人（主承销商） 二〇二五年十二月 申万宏源证券承销保荐有限责任公司（以下简称"申万宏源承销保荐""本 保荐人"）接受湖北宜化化工股份有限公司（以下简称"发行人""公司""湖 北宜化"）的委托，担任其向不特定对象发行可转换公司债券并在主板上市（以 下简称"本次发行"）的保荐人。 本保荐人及相关保荐代表人已根据《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》（以下简称"《证券法》"）、《证券 发行上市保荐业务管理办法》《上市公司证券发行注册管理办法》（以下简称"《注 册办法》"）、《保荐人尽职调查工作准则》等有关法律、法规和中国证监会及 深圳证券交易所的有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规 则、行业执业规范和道德准则出具发行保荐书，并保证所出具文件的真实性、准 确性和完整性。 除另有说明外，本发行保荐书所用简称与《湖北宜化化工股份有限公司向不 特定对象发行可转换公司债券募集说明书》（以下简称"募集说明书"）中的释 义相同。 3-1-1 第一节 本次证券 ...

北京德恒律师事务所 关于湖北宜化化工股份有限公司 向不特定对象发行可转换公司债券的 法律意见 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话：010-52682888 传真：010-52682999 邮编：100033 | 释 | 义 1 | | --- | --- | | 一、本次发行的批准和授权 | 5 | | 二、发行人本次发行的主体资格 | 6 | | 三、本次发行的实质条件 6 | | | 四、 | 发行人的设立 16 | | 五、发行人的独立性 17 | | | 六、发行人的主要股东及实际控制人 | 17 | | 七、发行人的股本及其演变 | 18 | | 八、发行人的业务 18 | | | 九、关联交易及同业竞争 19 | | | 十、发行人的主要财产 21 | | | 十一、发行人的重大债权债务 | 21 | | 十二、发行人的重大资产变化及收购兼并 | 22 | | 十三、发行人的章程制定及修改 | 23 | | 十四、发行人法人治理结构及规范运作 | 23 | | 十五、发行人董事、监事和高级管理人员及其变化 | 23 | | 十六、发行人的税务 24 | | | 十七、发行 ...

申万宏源证券承销保荐有限责任公司 关于湖北宜化化工股份有限公司 向不特定对象发行可转换公司债券之 上市保荐书 保荐人 二〇二五年十二月 申万宏源证券承销保荐有限责任公司及其保荐代表人已根据《中华人民共和 国公司法》《中华人民共和国证券法》《证券发行上市保荐业务管理办法》《上市 公司证券发行注册管理办法》《深圳证券交易所股票上市规则》等法律法规和中 国证监会及深圳证券交易所的有关规定，诚实守信，勤勉尽责，严格按照依法制 定的业务规则和行业自律规范出具上市保荐书，并保证所出具文件真实、准确、 完整。 现将有关情况报告如下： 一、发行人基本情况 | 发行人名称： | 湖北宜化化工股份有限公司 | | --- | --- | | 证券简称： | 湖北宜化 | | 证券代码： | 000422.SZ | | 注册地址： | 湖北省枝江市白洋工业园田家河路 号 122 | | 设立日期： | 1993 年 9 月 6 日 | | 注册资本： | 108,824.8412 万元 | | 法定代表人： | 卞平官 | | 联系电话： | 0717-8868081 许可项目：肥料生产；特种设备安装改造修理；电气安装服务； 港口 ...

⒆ेᇌॆॆᐕ㛑ԭᴹ䲀ޜਨ ᇑ䇑ᣕ བྷؑᇑᆇ>2023@ㅜ 2-00399 ਧ བྷؑՊ䇑ᐸһ࣑ᡰ˄⢩↺Პ䙊ਸՉ˅ :8<,*(&(57,),('38%/,&$&&2817$176//3 6-1-1 6-1-2 6-1-3 6-1-4 6-1-6 | | 合并资产负债表(续) | | | | --- | --- | --- | --- | | 编剧目 | 2022年12月31日 | | | | | 附注 | 2022年12月31日 | : 2021年12月31日 | | 宜动员位 | | | | | 短期借款 | 五、(十八) | 2. 024. 391, 904. 95 | 2, 567, 025, 072. 97 | | 交易性金融负债 | | | | | 衍生金融负债 | | | | | 应付票据 | 五、(十九) | 539, 277, 746. 81 | 1, 491, 161, 100. 00 | | 应付账款 | 五、(二十) | 1.684, 234, 899. 96 | 1, 774, 198, 272. 79 | | 预收款项 | | | | | 合同负债 | 五、 (二十一) | 858 ...

免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 投资者提问： 近日，湖北省多城出现空气污染过程，部分城市达重度污染，导致多家化工企业停产、减产、限产。湖 北作为国内磷化工产业核心区，请问对公司有影响么 董秘回答(湖北宜化SZ000422)： 尊敬的投资者您好，公司根据当地主管部门发布的重污染天气预警，采取相应的应急减排措施，同时持 续提升污染防治治理能力和管理能力，提升环保绩效水平，减少对环境的影响。目前公司磷铵产品按照 有关要求维持正常生产负荷。感谢您的关注！查看更多董秘问答>> ...

Group 1 - The core viewpoint of the news is that Hubei Yihua's stock has shown fluctuations in price and trading volume, with a notable increase in stock price by 18.36% year-to-date and a recent trading volume of 4.42 billion yuan [1] - As of December 26, Hubei Yihua's stock price was 14.70 yuan per share, with a market capitalization of 15.997 billion yuan [1] - The company has experienced a net outflow of main funds amounting to 36.32 million yuan, with significant buying and selling activities recorded [1] Group 2 - Hubei Yihua, established on September 6, 1993, and listed on August 15, 1996, primarily engages in the production and sales of fertilizers and chemical products [2] - The revenue composition of Hubei Yihua includes: phosphate fertilizer (26.07%), polyvinyl chloride (18.92%), urea (13.86%), and other products [2] - As of September 30, 2025, Hubei Yihua reported a revenue of 19.167 billion yuan, reflecting a year-on-year growth of 41.76%, and a net profit attributable to shareholders of 0.812 billion yuan, up by 7.01% [2] Group 3 - Hubei Yihua has distributed a total of 1.337 billion yuan in dividends since its A-share listing, with 0.645 billion yuan distributed in the last three years [3] - As of September 30, 2025, the number of shareholders decreased by 30.23% to 83,100, while the average circulating shares per person increased by 43.33% to 12,723 shares [2][3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited increased its holdings by 10.0535 million shares, while the Southern CSI 1000 ETF reduced its holdings by 0.0821 million shares [3]

Core Viewpoint - The report highlights the growth trends in China's soda ash (sodium carbonate) production, indicating a steady increase in output and market dynamics from 2025 to 2031 [1] Group 1: Industry Overview - In October 2025, China's soda ash production reached 3.41 million tons, reflecting a year-on-year growth of 2.9% [1] - From January to October 2025, the cumulative production of soda ash in China was 33.017 million tons, showing a cumulative increase of 5.2% [1] Group 2: Market Research - The report titled "2025-2031 China Soda Ash Industry Market Special Research and Competitive Strategy Analysis" was published by Zhiyan Consulting, a leading industry consulting firm in China [1] - Zhiyan Consulting has over a decade of experience in industry research, providing comprehensive industry research reports, business plans, feasibility studies, and customized services [1]

Investment Rating - The report maintains a rating of "Accumulate" for Hubei Yihua [1][11] Core Views - The company is raising funds through convertible bonds to invest in a high-value utilization project for phosphorus and fluorine resources, with the controlling shareholder, Yihua Group, increasing its stake in the company [2][11] - The phosphorus and fluorine resource utilization project aims to produce refined phosphoric acid, high-end flame retardants, and multifunctional compound fertilizers, while also generating by-products such as fluorosilicic acid and washing acid [11] - The project is expected to enhance the circular economy of phosphorus, fluorine, and silicon resources, leveraging the company's raw material advantages and industrial foundation to expand into new energy and new materials [11] Financial Summary - Total revenue is projected to decrease from 17,046 million in 2023 to 16,964 million in 2024, followed by an increase to 18,711 million in 2025, and reaching 20,767 million in 2026 before slightly declining to 20,671 million in 2027 [4] - Net profit attributable to the parent company is expected to recover from 452 million in 2023 to 653 million in 2024, and further increase to 1,094 million in 2025, 1,254 million in 2026, and 1,394 million in 2027 [4] - Earnings per share (EPS) is forecasted to rise from 0.42 in 2023 to 0.60 in 2024, reaching 1.01 in 2025, 1.15 in 2026, and 1.28 in 2027 [4] Market Data - The company's stock price has ranged between 10.91 and 16.27 over the past 52 weeks, with a total market capitalization of 15,420 million [5] - The company has a total share capital of 1,088 million shares, with 1,058 million shares in circulation [5] Balance Sheet Summary - Shareholder equity stands at 5,898 million, with a book value per share of 5.42 and a price-to-book ratio of 2.6 [6] - The company has a net debt ratio of 152.08% [6] Future Outlook - The report projects a target price of 16.68, down from a previous estimate of 21.28, reflecting a valuation premium based on the growth potential from the convertible bond project [11] - The company is expected to fully utilize its production capacity with new projects coming online by the end of 2025, including an additional 400,000 tons of phosphate fertilizer capacity and 200,000 tons of compound fertilizer capacity [11]

Group 1 - The core view of the report indicates that the chemical industry in China is expected to see a bottoming out and improvement in supply-demand dynamics, with a marginal recovery in industry prosperity anticipated for 2026 [4][5][45] - In 2025, the chemical price index is projected to decline slightly, remaining in a low prosperity phase, but global energy costs have retreated from their highs, leading to positive changes in supply, demand, and inventory [4][15][45] - The report highlights that supply-side investment growth in the chemical industry is slowing, driven by anti-competitive policies and the exit of outdated overseas production capacities, which alleviates supply-side pressure [4][30][37] Group 2 - The report identifies three key investment directions for 2026: sub-industries with improving supply-demand dynamics, leading companies driven by capital expenditure and R&D, and high-end chemical new materials benefiting from increased demand or domestic substitution [5][46][57] - Sub-industries expected to see recovery include titanium dioxide, certain pesticide varieties, chemical fibers, and refrigerants, as traditional demand stabilizes and new industries emerge [5][49][57] - Leading companies are expected to concentrate capital expenditure on capacity expansion and high-value downstream products, with significant capital expenditures noted for companies like China Petroleum and Wanhua Chemical [6][51][52] Group 3 - The report emphasizes the ongoing domestic substitution in high-end chemical new materials, particularly in electronic chemical materials and ceramics, driven by the growth of emerging industries such as AI and biomedical applications [7][54][56] - The demand for electronic chemical materials is anticipated to increase as domestic companies make technological advancements and penetrate supply chains for semiconductor and display panel materials [55] - The ceramic materials market is expected to grow significantly due to new applications in biomedical fields, providing a new growth engine for high-end ceramic materials [56]