Core Viewpoint - The liquid caustic soda (liquid alkali) industry in China is experiencing stable growth driven by government support, technological innovation, and changes in competition and environmental policies, with a projected production increase in the coming years [1][6][20]. Industry Definition and Classification - Liquid caustic soda, chemically known as sodium hydroxide solution (NaOH), is a colorless and transparent liquid produced by dissolving solid caustic soda in water. It can be categorized into different concentrations, primarily 32% and 50% [2][3]. Current Industry Status - The liquid caustic soda industry is a significant high-energy-consuming sector. Post-COVID-19, global demand for liquid caustic soda is increasing, with a projected global production of 7,662.6 million tons in 2024, up by 236.8 million tons from 2023 [6][8]. Production and Demand Forecast - In China, the liquid caustic soda production is expected to reach 3,415.85 million tons in 2024, an increase of 68.94 million tons from 2023, with demand projected at 3,348.85 million tons [8][10]. Market Size and Pricing - The market size for liquid caustic soda in China is estimated at 75.329 billion yuan in 2024, a decrease of 13.181 billion yuan from 2023, with an average price of 2,249.4 yuan per ton [10][20]. Industry Chain - The liquid caustic soda industry chain includes upstream raw materials such as salt (NaCl) and limestone, midstream production primarily through electrolysis, and downstream applications across various sectors including chemical, textile, and food industries [12]. Competitive Landscape - The liquid caustic soda industry is capital-intensive, with major players including Tangshan Sanyou Chemical, Binhai Chemical Group, Zhejiang Juhua, and Jiangsu Meilan Chemical. The industry is seeing increased concentration due to government reforms and environmental policies [14][16]. Key Enterprises - Major companies in the liquid caustic soda sector include: - Binhai Chemical Group, with a production capacity of 610,000 tons and a revenue of 2 billion yuan in 2024 [16]. - Ningxia Yinglite Chemical, producing 211,000 tons of caustic soda in 2024, with a revenue of 394 million yuan [18]. Development Trends - The liquid caustic soda industry is expected to maintain stable growth, influenced by chlorine-alkali balance, renewable energy demand, and environmental policies, indicating a promising future [20].

Core Points - The internal audit management regulations aim to promote high-quality economic development, deepen reforms, and strengthen internal audit supervision within the company [1][2] - The regulations apply to all departments and units within the company, ensuring that all personnel accept internal audit supervision [1][2] - The internal audit institution is responsible for independent and objective supervision, evaluation, and recommendations regarding the implementation of major policies, financial activities, internal controls, and risk management [1][2][3] Group 1 - The internal audit work is led by the company's party committee, establishing a unified and efficient internal audit supervision system [2][3] - The company must ensure the independence of the internal audit institution and its personnel, prohibiting any retaliation against auditors [2][3] - The internal audit institution is tasked with evaluating the implementation of major policies, financial conditions, project management, internal control systems, and risk management [4][5] Group 2 - The internal audit institution must develop an annual audit work plan, which requires approval from the party committee and the board of directors [10][11] - Auditors are required to provide timely, truthful, and complete information related to their responsibilities [13][14] - The company must support the professional development of audit personnel and establish a mechanism for their training and evaluation [9][10] Group 3 - The internal audit results must be communicated to the audited units, which are required to rectify any identified issues within sixty days [30][31] - The internal audit institution is responsible for supervising the rectification process and reporting on significant issues [30][31] - The company will use internal audit results as a basis for decision-making and personnel evaluations [32][33]

第一条 为促进宁夏英力特化工股份有限公司（以下简 称公司）经济高质量发展、全面深化改革、权力规范运行、 反腐倡廉，加强公司内部审计监督管理工作，根据《中华人 民共和国审计法》等有关法律法规，审计署、国务院国资委 有关内部审计工作的规定，结合公司实际，制定本规定。 宁夏英力特化工股份有限公司 内部审计管理规定 第一章 总 则 第二条 本规定适用于公司所属各部门、中心、运行部。 第三条 公司所属各部门、中心、运行部（以下统称各 单位），以及公司党委管理的领导人员（以下统称审计对象）， 应当接受内部审计监督。 公司内部审计机构对审计对象贯彻落实党和国家重大 政策措施情况，财务收支、经济活动、内部控制、风险管理 情况，以及领导人员履行经济责任情况等，依照有关法律法 规和公司规定，实施独立、客观的监督、评价和建议。 第四条 公司内部审计监督管理工作，遵循以下原则： （一）党的领导。坚持公司党委对公司内部审计工作的 领导，建立完善集中统一、全面覆盖、权威高效的内部审计 监督管理体系。 （二）依法依规。认真贯彻落实有关法律法规及公司规 定，独立履行内部审计监督职责，应审尽审、凡审必严。 （三）客观求实。全面落实"三个区分开 ...

宁夏英力特化工股份有限公司 市值管理制度 第一章 总则 第一条 为进一步规范宁夏英力特化工股份有限公司（以下 简称公司）市值管理工作，促进公司投资价值提升，增强投资者 回报，根据《中华人民共和国公司法》《中华人民共和国证券法》 《国务院关于加强监管防范风险推动资本市场高质量发展的若 干意见》《国务院国资委关于改进和加强中央企业控股上市公司 市值管理工作的若干意见》《中国证监会上市公司监管指引第 10 号--市值管理》《深圳证券交易所股票上市规则》等法律法规及 规范性文件的规定，结合公司实际情况，制定本制度。 第二条 本制度所称市值管理，是指以提高公司质量为基础， 为提升公司投资价值和股东回报能力而实施的战略管理行为。 第三条 公司市值管理遵循以下原则: （一）系统性原则。公司市值管理必须按照系统思维、整体 推进的原则，协同公司各业务体系以系统化方式持续开展市值管 理工作。 （二）科学性原则。公司应当科学进行市值管理，科学研判 影响公司投资价值的关键性因素，以提升公司质量为基础开展市 值管理工作。 （三）规范性原则。公司的市值管理行为必须建立在国家各 1 项法律、法规的基础上； （四）常态性原则。公司的市值成长 ...

证券代码：000635 证券简称：英力特 公告编号：2025-043 宁夏英力特化工股份有限公司 第九届董事会第三十九次会议决议公告 3.本次会议应出席董事9人，实际出席董事9人。 4.本次会议由董事长田少平先生主持，部分高级管理人员列席。 5.本次会议的召开符合有关法律法规和《公司章程》等规定。 二、董事会会议审议情况 1.以 9 票赞成，0 票反对，0 票弃权，审议通过了《关于修订< 宁夏英力特化工股份有限公司内部审计管理规定>的议案》。 《宁夏英力特化工股份有限公司内部审计管理规定》刊载于同日 巨潮资讯网。 2.以9票赞成，0票反对，0票弃权，审议通过了《关于新增<宁夏 英力特化工股份有限公司市值管理制度>的议案》。 《宁夏英力特化工股份有限公司市值管理制度》刊载于同日巨潮 资讯网。 三、备查文件 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 1.宁夏英力特化工股份有限公司（以下简称公司）第九届董事会 第三十九次会议通知于2025年6月13日以专人送达或电子邮件方式向 公司董事发出。 2.本次会议于 2025 年 7 月 4 日 ...

Core Viewpoint - The company Yinglite (000635) has seen a slight increase in stock price and has disclosed significant changes in shareholder structure and upcoming fundraising efforts aimed at enhancing its operational capabilities and environmental standards [1][3]. Shareholder Changes - As of June 10, 2025, the number of shareholders for Yinglite is 24,600, a decrease of 351 shareholders or 1.41% compared to May 30, 2025 [1][3]. Company Announcements - Yinglite's application for a private placement of A-shares has been approved by the China Securities Regulatory Commission, with a total fundraising amount not exceeding 700 million yuan. The funds will primarily be used for projects including a technical transformation project for an annual production of 300,000 tons of calcium carbide [1][3]. - The issuance aims to optimize the company's industrial chain, enhance green environmental standards, and strengthen core competitiveness [1].

Core Viewpoint - Ningxia Yinglite Chemical Co., Ltd. has faced continuous losses in 2024 and the first quarter of 2025, primarily due to low prices of its main products, PVC and E-PVC, which have negatively impacted its financial performance [1][3]. Financial Performance Summary - The company's operating revenue for 2024 was CNY 400.12 million, a decrease of 2.32% year-on-year, while the operating cost was CNY 436.25 million, down 1.43% year-on-year [2]. - The gross profit margin was negative CNY 36.13 million, reflecting a decline of 9.68% year-on-year, indicating significant operational challenges [2]. - The net profit attributable to shareholders was negative CNY 82.24 million, representing a year-on-year increase in losses of 17.75% [2][3]. - The company reported a net profit after deducting non-recurring gains and losses of negative CNY 85.05 million, with a year-on-year increase in losses of 21.17% [2]. Operational Insights - The company’s main business includes the production and sales of calcium carbide, polyvinyl chloride (PVC), caustic soda, hydrochloric acid, and liquid chlorine, with a stable customer base and a flexible production plan [4]. - The operational model emphasizes a structured procurement strategy and production planning that adapts to market changes, ensuring a stable supply of raw materials [4]. Future Outlook - Despite the reported losses, the company asserts that these will not significantly impact its operational capabilities or the ongoing projects funded by the recent stock issuance [5]. - The total amount raised from the stock issuance is expected to be no more than CNY 700 million, aimed at enhancing the integrated industrial chain and improving profitability [5]. Compliance and Governance - The company has confirmed that it meets the conditions for issuing shares to specific investors, with no significant adverse impacts from recent financial performance on the issuance process [6][7].

宁夏英力特化工股份有限公司 Ningxia Younglight Chemicals Co.,Ltd 2023 年度向特定对象发行股票 募集说明书 保荐人（主承销商） 证券代码：000635 证券简称：英力特 二〇二五年六月 宁夏英力特化工股份有限公司 募集说明书 声明 本公司及全体董事、高级管理人员承诺募集说明书及其他信息披露资料不存 在任何虚假记载、误导性陈述或重大遗漏，并对其真实性、准确性及完整性承担 相应的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、完整。 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申请 文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反 的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因发行人经营与收益变化或者证券价格变动引致的投资风险。 本募集说明书是本公司对本次向特定对象发行股票并上市的说 ...

宁夏英力特化工股份有限公司 关于向特定对象发行 A 股股票会后事项承诺函 深圳证券交易所： 宁夏英力特化工股份有限公司（以下简称"英力特""公司""发行人"）向 特定对象发行 A 股股票（以下简称"本次发行"）的申请已于 2024 年 11 月 1 日 经深圳证券交易所上市审核中心审核通过，并于 2024 年 12 月 10 日收到中国证 券监督管理委员会（以下简称"证监会"）出具的《关于同意宁夏英力特化工股份 有限公司向特定对象发行股票注册的批复》（证监许可〔2024〕1749 号）。 鉴于公司于 2025 年 4 月 25 日披露了《宁夏英力特化工股份有限公司 2024 年年度报告》及《宁夏英力特化工股份有限公司 2025 年第一季度报告》，根据中 国证券监督管理委员会和深圳证券交易所的会后事项监管要求、《监管规则适用 指引——发行类第 7 号》等法规要求，公司对本次发行自通过深圳证券交易所审 核之日至本承诺函出具日期间发生的重大事项进行了审慎核查，并作出说明和承 诺如下： 一、发行人 2024 年和 2025 年 1-3 月持续亏损的说明 （一）发行人 2024 年及 2025 年 1-3 月业绩亏损的 ...

中信建投证券股份有限公司 关于 宁夏英力特化工股份有限公司 向特定对象发行股票 二〇二五年六月 发行保荐书 保荐人 之 保荐人出具的证券发行保荐书 保荐人及保荐代表人声明 保荐人出具的证券发行保荐书 释 义 在本发行保荐书中，除非另有说明，下列词语具有如下特定含义： | 保荐人、主承销商、中信建 | 指 | 中信建投证券股份有限公司 | | --- | --- | --- | | 投证券 | | | | 本公司、公司、发行人、英 | 指 | 宁夏英力特化工股份有限公司 | | 力特 | | | | 本次发行、本次向特定对象 | 指 | 宁夏英力特化工股份有限公司2023年度向特定对象发行 | | 发行 | | A股股票的行为 | | 中国证监会、证监会 | 指 | 中国证券监督管理委员会 | | 深交所 | 指 | 深圳证券交易所 | | 英力特集团 | 指 | 国能英力特能源化工集团股份有限公司 | | 国家能源集团 | 指 | 国家能源投资集团有限责任公司 | | 股东大会 | 指 | 宁夏英力特化工股份有限公司股东大会 | | 董事会 | 指 | 宁夏英力特化工股份有限公司董事会 | | 监事会 | 指 ...