重庆三峡油漆股份有限公司 第十届监事会第十四次会议决议公告 本公司及监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、监事会会议召开情况 重庆三峡油漆股份有限公司（以下简称公司）第十届监事会第十四次会议于 2025 年 9 月 8 日在公司会议室以现场与通讯表决相结合的形式召开。会议通知 于 2025 年 8 月 29 日以书面和电子邮件等方式发出。本次会议应出席监事 5 人， 实际出席监事 5 人，会议由监事会主席周勇主持。董事会秘书及证券事务代表列 席了本次会议。会议的召开符合《公司法》和公司章程的有关规定。 二、监事会会议审议情况 （一）审议通过《关于取消监事会的议案》 根据《公司法》《上市公司章程指引》等相关规定，结合公司实际情况，公 司将不再设置监事会、监事及监事会办公室，周勇不再担任监事会主席，现任监 事不再担任监事职务。监事会职权将由董事会审计与风险委员会行使，公司《监 事会议事规则》等与监事、监事会相关制度、规定相应废止。 证券代码：000565 证券简称：渝三峡 A 公告编号：2025-050 具体内容详见同日披露的《公司章程》及《关于变更经营范围 ...

证券代码：000565 证券简称：渝三峡 A 公告编号：2025-049 重庆三峡油漆股份有限公司 第十届董事会第二十二次会议决议公告 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。 一、董事会会议召开情况 （一）审议通过《关于修订〈公司章程〉的议案》 公司董事会同意对《公司章程》进行修订，并提请股东会授权董事会及其授 权人士办理相关工商变更登记和备案事宜。 具体详见公司同日披露的《公司章程》及《关于变更经营范围、取消监事会 并修订公司章程的公告》。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 本议案需提交股东会审议。 重庆三峡油漆股份有限公司（以下简称公司）第十届董事会第二十二次会议 于 2025 年 9 月 8 日在公司会议室以现场与通讯表决相结合的形式召开，会议通 知于 2025 年 8 月 29 日以书面和电子邮件等方式发出。本次会议应出席董事 9 人，实际出席董事 9 人，公司部分监事及高级管理人员列席了本次会议，会议由 董事长秦彦平主持。会议的召开符合《公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 （二）审议通过《关于修订〈 ...

Group 1: Report Overview - The report is about the analyst meeting of Yusanxia A. The research industry is chemical products, and the survey date is September 4, 2025 [1][2] Group 2: Research Basic Information - The research object is Yusanxia A, belonging to the chemical products industry. The reception time is 2025 - 09 - 04. The company's reception staff includes the chairman, financial director, independent director, and board secretary [16] Group 3: Detailed Research Institutions - The research institutions are investors who participated in the company's 2025 semi - annual performance briefing through the Interactive Easy platform [19] Group 4: Main Content - **Stock Price and Strategy**: An investor asked if the continuous decline in the company's stock price in the past three months reflected that the company's current operating conditions could not support the stock price, and whether the company considered transformation or acquisition of technology - based companies for diversified development. The company replied that it has been committed to enhancing investment value, has continuously paid dividends, and has recently entered the new materials track by acquiring a company [23][24] - **AI Application**: An investor inquired about the use of AI in the company's coating R & D, formulation, and production. The company stated that the application of AI in these aspects is currently limited, and it will continue to increase R & D investment [24] - **Stock Price Stabilization**: Given the continuous decline of the company's stock price while the market is in a bullish trend, an investor asked about the company's countermeasures to stabilize the stock price. The company replied that it attaches great importance to market value management, focuses on production and operation, and improves profitability and cash dividends [25] - **Military Coating R & D**: An investor asked about the progress of the company's military coating R & D. The company said it highly values R & D, increases investment, and will disclose relevant information in a timely manner [25]

Group 1: Company Performance and Strategy - The company has faced significant pressure in the paint and coatings industry, leading to a decline in stock price over the past three months [2] - The management is committed to enhancing the company's investment value and has maintained consistent dividend payouts over the years [3] - Recently, the company acquired Chongqing Blue Era Energy Technology Co., Ltd. to strategically enter the new materials sector and transition towards new production capabilities [3] Group 2: Technology and Innovation - Currently, the application of AI technology in the company's paint research, production, and quality control processes is limited [3] - The company emphasizes an innovation-driven development strategy and plans to increase R&D investment to maintain its core competitiveness [3] Group 3: Market Management and Investor Relations - The company prioritizes value-based market management and aims to improve operational efficiency and profitability to stabilize stock prices [3] - Continuous and stable cash dividends are part of the strategy to enhance investor returns [3] - The company is focused on military coatings R&D and is committed to timely disclosures regarding any breakthroughs [3] Group 4: Disclosure and Compliance - During the investor relations activity, the company did not disclose any undisclosed significant information [3] - No presentation materials or documents were provided during the event [3]

Market Overview - On September 2, the Chongqing state-owned enterprise reform sector fell by 1.11% compared to the previous trading day, with *ST Huicheng leading the decline [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Stock Performance - Shanghai Sanmao (600689) saw a closing price of 13.79, with an increase of 2.99% and a trading volume of 100,200 shares, totaling 136 million yuan [1] - Chongqing Water (601158) closed at 4.74, up 0.64%, with a trading volume of 156,300 shares, amounting to 7.36878 million yuan [1] - Other notable stocks include Yuzhong Development (000514) at 5.35, down 0.74%, and Jieling Pickles (002507) at 13.25, down 0.97% [1][2] Capital Flow - The Chongqing state-owned enterprise reform sector experienced a net outflow of 178 million yuan from main funds, while retail investors saw a net inflow of 116 million yuan [2] - The table of capital flow indicates that Yuzhong Development (000514) had a net outflow of 6.6107 million yuan from main funds, but a net inflow of 6.9797 million yuan from retail investors [3] Individual Stock Analysis - *ST Huicheng (002168) closed at 4.80, down 4.95%, with a trading volume of 327,300 shares, totaling 159 million yuan [2] - Qianli Technology (601777) closed at 11.77, down 2.73%, with a trading volume of 708,600 shares [2] - Chongqing Port (600279) had a closing price of 5.51, down 0.54%, with a trading volume of 68,500 shares, totaling 3.7841 million yuan [2][3]

Core Viewpoint - The company emphasizes shareholder returns while ensuring stable business operations, having consistently distributed dividends over the years [1] Group 1: Shareholder Returns - The company has a strong commitment to shareholder returns and has maintained a continuous dividend payout for several years [1] - The company completed the dividend distribution for the fiscal year 2024 by July 2025 [1] Group 2: Business Development - In July of this year, the company successfully acquired Chongqing Blue Era Energy Technology Co., Ltd., marking its entry into the radiation cooling materials sector [1] - This acquisition represents a strategic shift towards new productive forces for the company [1]

Core Viewpoint - The recent financial report of Yuzhong Sanxia A (000565) shows mixed performance, with slight revenue growth but a decline in net profit, indicating potential challenges in profitability and cash flow management [1][2]. Financial Performance Summary - Total revenue for the first half of 2025 reached 177 million yuan, a year-on-year increase of 0.96% [1]. - Net profit attributable to shareholders was 19.21 million yuan, down 4.3% compared to the previous year [1]. - In Q2 2025, total revenue was 104 million yuan, a decrease of 3.14% year-on-year, while net profit rose by 57.5% to 13.96 million yuan [1]. - The gross margin improved to 25.45%, up 6.57% year-on-year, while the net margin decreased to 10.84%, down 5.21% [1]. - The company reported a significant accounts receivable issue, with accounts receivable amounting to 2657.19% of the latest annual net profit [1][2]. Operational Insights - The company provides comprehensive coating solutions, including formulation design and performance testing, with notable projects like the Chaotianmen Yangtze River Bridge [2][3]. - The company's return on invested capital (ROIC) was 0.47% last year, indicating weak capital returns, with a median ROIC of 4.44% over the past decade [2]. - The company has experienced two years of losses since its listing, reflecting a fragile business model [2]. Cash Flow and Financial Health - The average operating cash flow over the past three years is only 3.58% of current liabilities, raising concerns about liquidity [2]. - Financial expenses have reached 54.85% of the average operating cash flow over the past three years, indicating potential financial strain [2]. - The company's cash flow situation and accounts receivable management are critical areas for monitoring, given the high ratio of accounts receivable to profit [2].

Core Viewpoint - The recent financial report of Yuzhong Sanxia A (000565) indicates a slight increase in total revenue but a decline in net profit, highlighting challenges in profitability and cash flow management [1][3]. Financial Performance - Total revenue for the first half of 2025 reached 177 million yuan, a year-on-year increase of 0.96% [1]. - Net profit attributable to shareholders was 19.21 million yuan, down 4.3% year-on-year [1]. - In Q2 2025, total revenue was 104 million yuan, a decrease of 3.14% compared to the same quarter last year [1]. - Q2 2025 net profit attributable to shareholders was 13.96 million yuan, an increase of 57.5% year-on-year [1]. - The gross margin improved to 25.45%, up 6.57% year-on-year, while the net margin decreased to 10.84%, down 5.21% year-on-year [1]. Balance Sheet and Cash Flow - The company reported significant accounts receivable, with the ratio of accounts receivable to net profit reaching 2657.19% [1][3]. - Cash flow from operations per share was -0.06 yuan, an improvement of 24.62% year-on-year [1]. - The company had total monetary funds of 280 million yuan, an increase from 227 million yuan in the previous year [1]. Business Model and Market Position - The company relies on research and marketing to drive its performance, indicating a need for careful analysis of these drivers [3]. - The company has a history of weak capital returns, with a median ROIC of 4.44% over the past decade and a particularly poor ROIC of -2.3% in 2023 [3]. - The company provides comprehensive coating solutions, including formulation design and performance testing, with notable projects such as the Chaotianmen Yangtze River Bridge [3].

Group 1 - The company, Chongqing Three Gorges Paint Co., Ltd., will hold a half-year performance briefing on September 4, 2025, from 15:00 to 16:00 [1][2] - The briefing aims to provide investors with a comprehensive understanding of the company's operational performance and development strategy [1] - Investors can participate in the briefing through the Shenzhen Stock Exchange's "Interactive Easy" platform and are encouraged to submit questions in advance [1][2] Group 2 - Key participants in the briefing will include Chairman Qin Yanping, Chief Financial Officer Guo Zhiqiang, Independent Director Tao Changyuan, and Board Secretary Cao Fang [2] - The company emphasizes the importance of investor feedback and aims to address commonly raised questions during the session [1][2]

Group 1 - The company, Chongqing Three Gorges Paint Co., Ltd. (referred to as "Yuzhong A"), reported a revenue of 177 million yuan for the first half of 2025, representing a year-on-year growth of 0.96% [2] - The net profit attributable to shareholders reached approximately 19.21 million yuan [2] - Yuzhong A is one of the larger state-controlled enterprises in China's paint industry, with a comprehensive range of products and production bases in regions such as Chongqing, Sichuan, and Xinjiang [2] Group 2 - The company achieved a significant increase in new product sales, with an additional 1,588 tons sold, marking a year-on-year growth of 91.33%, and sales revenue growth of 115.61% [2] - The capacity utilization rate improved to 51.86%, an increase of about 26.86% compared to the end of the previous year, indicating enhanced product competitiveness and production efficiency [2] - A specialized marketing team was established to optimize departmental functions and build a nationwide channel network, aiming to cover previously untapped areas and increase regional market share [2] Group 3 - The company is focusing on industrial upgrades and has actively pursued equity acquisitions, including a 51% stake in Chongqing Blue Era Energy Technology Co., Ltd. (referred to as "Blue Era"), entering the new market of radiation cooling materials [2] - Blue Era is a key participant in the national R&D program for "High-end Functional and Intelligent Materials," specializing in passive cooling and energy-saving solutions, with products applicable in various industries [3] - The acquisition is expected to further enhance Yuzhong A's future profitability [3]