Market Overview - The refining and trading sector experienced a decline of 0.4% on September 19, with Maohua Shihua leading the drop [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Stock Performance - Notable gainers in the refining and trading sector included: - Donghua Energy (002221) with a closing price of 8.81, up 4.38% on a trading volume of 327,400 shares and a turnover of 283 million yuan [1] - Baoli International (300135) closed at 4.84, up 3.42% with a trading volume of 809,700 shares and a turnover of 386 million yuan [1] - Compton (603798) closed at 15.98, up 2.37% with a trading volume of 53,500 shares [1] - Other stocks with positive performance included Hengli Petrochemical (600346), Rongsheng Petrochemical (002493), and Heshun Petroleum (603353) [1] Capital Flow - The refining and trading sector saw a net outflow of 79.2 million yuan from institutional investors, while retail investors contributed a net inflow of 65.59 million yuan [2] - The capital flow for specific stocks indicated: - China Petroleum (601857) had a significant net outflow of 48.06 million yuan from institutional investors [3] - Donghua Energy (002221) saw a net inflow of 43.54 million yuan from institutional investors [3] - Baoli International (300135) also experienced a net inflow of 43.26 million yuan from institutional investors [3]

证券代码：000637 证券简称：茂化实华 公告编号：2025-052 茂名石化实华股份有限公司 2025 年第三次临时股东会决议公告 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。 特别提示： 1.本次股东会无变更、取消议案的情况，无否决议案的情况，无新议 案提交表决，不涉及变更以往股东会已通过的决议。 2.本次股东会议案 2.00《关于公司 2025 年度向特定对象发行 A 股股 票方案的议案》有 10 项子议案，予以逐项表决。关联股东茂名港集团有 限公司回避表决议案 1.00 至议案 12.00。 - 1 - 2.网络投票时间为： 通过深圳证券交易所交易系统进行网络投票的起止日期和 时间：2025年9月18日9:15-9:25；9:30—11:30和13:00—15:00。 通过深圳证券交易所互联网投票系统进行网络投票的起止 日期和时间：2025 年 9 月 18 日 9:15—15:00 期间的任意时间。 （三）现场会议地点：广东省茂名市官渡路 162 号公司七楼 会议室。 3.本次股东会议案 1.00 至议案 12.00 为特别决议事项，经出席会议 ...

北京浩天（广州）律师事务所 法律意见书 北京浩天（广州）律师事务所 关于茂名石化实华股份有限公司 2025 年第三次临时股东会 法律意见书 二〇二五年九月 北京浩天（广州）律师事务所 法律意见书 北京浩天（广州）律师事务所 关于茂名石化实华股份有限公司 2025 年第三次临时股东会之 法律意见书 （2025）粤浩律法字第 1557 号 致：茂名石化实华股份有限公司 北京浩天（广州）律师事务所(以下简称"本所")依法接受茂名石化实华股份有限 公司（以下简称"公司"）的委托，指派许玉祥律师和林沁敏律师(以下简称"本所律师") 出席公司 2025 年第三次临时股东会并对本次股东会的合法性进行见证，依法出具本 法律意见书。 本所律师系根据《中华人民共和国公司法》（下称"《公司法》"）、《上市公司 股东会规则》（下称"《股东会规则》"）等法律、行政法规及现行有效的《茂名石化 实华股份有限公司公司章程》（下称"《公司章程》"）的规定，以及本法律意见书出 具日前发生或存在事实的调查和了解，对公司本次股东会的召集、召开程序、出席会 议人员资格、召集人资格及会议表决程序、表决结果事项发表法律意见，不对本次股 东会所审议的议案内 ...

证券代码：000637 证券简称：茂化实华 公告编号：2025-051 - 1 - 通与交流，欢迎广大投资者踊跃参与！ 特此公告。 茂名石化实华股份有限公司董事会 茂名石化实华股份有限公司 关于参加 2025 年广东辖区上市公司投资者 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。 为进一步加强与投资者的互动交流，茂名石化实华股份有限 公司（以下简称"公司"）将参加由广东证监局、广东上市公司协 会与深圳市全景网络有限公司联合举办的"向新提质 价值领航— —2025 年广东辖区上市公司投资者网上集体接待日活动"。现将 相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景 路演"网站（http://rs.p5w.net），或关注微信公众号：全景财 经，或下载全景路演 APP,参与本次互动交流。活动时间为 2025 年 9 月 19 日（周五）15:30-17:00。 届时公司董事长王志华先生、总经理龙起龙先生、财务总监 陈海容女士、董事会秘书马永新先生将在线就公司业绩、公司治 理、发展战略、经营状况等投资者关心的问题， ...

每经AI快讯，茂化实华（SZ 000637，收盘价：4.3元）9月16日晚间发布公告称，茂名石化实华股份有 限公司董事会于2025年9月16日收到公司副总经理王若强先生提交的书面辞职报告，王若强先生申请辞 去副总经理职务。由于工作原因，王若强先生辞去公司副总经理职务后，不再在公司及控股子公司任 职。 2025年1至6月份，茂化实华的营业收入构成为：石油化工占比95.91%，文旅娱乐占比4.09%。 每经头条（nbdtoutiao）——海拔4306米现"秦始皇密令"，获官方"身份认定"！古文字学家刘钊：秦人 寻仙采药足迹确至青藏高原 （记者 曾健辉） 截至发稿，茂化实华市值为22亿元。 ...

茂化实华9月16日公告，公司董事会收到公司副总经理王若强提交的书面辞职报告，由于工作原因，王 若强申请辞去副总经理职务。王若强的辞职报告自送达公司董事会之日起生效。王若强辞去公司副总经 理职务后，不再在公司及控股子公司任职。 ...

证券代码：000637 证券简称：茂化实华 公告编号：2025-050 茂名石化实华股份有限公司 茂名石化实华股份有限公司（以下简称"公司"）董事 会于 2025 年 9 月 16 日收到公司副总经理王若强先生提交的 书面辞职报告，由于工作原因，王若强先生申请辞去副总经 理职务。王若强先生担任副总经理的原定任期为 2024 年 7 月 3 日起至公司第十三届董事会任期届满之日止。 茂名石化实华股份有限公司董事会 2025 年 9 月 17 日 关于副总经理辞职的公告 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。 根据《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》《公司章程》等相关规定，王若 强先生的辞职报告自送达公司董事会之日起生效。 王若强先生辞去公司副总经理职务后，不再在公司及控 股子公司任职。截至本公告披露日，王若强先生未持有公司 股份。公司董事会对王若强先生在担任公司副总经理期间为 公司所做的贡献表示衷心感谢！ 特此公告。 ...

证券代码：000637 证券简称：茂化实华 公告编号：2025-049 4.对上市公司损益产生的影响：本案是因上市公司向下属控 股子公司借款而引起。上市公司与下属控股子公司的借款属于合 并报表范围内部资金往来，因此本案不会导致合并报表资产、负 债总额发生明显变动，对合并报表的损益基本无影响。 茂名石化实华股份有限公司 重大诉讼公告 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。 特别提示： 1.案件所处的诉讼阶段：一审 2.上市公司所处的当事人地位：被告 3.涉案金额：9405 万元 （一）案由：损害公司利益责任纠纷 （二）原告诉讼请求 1. 请 求 法 院 判 令 被 告 向 第 三 人 偿 还 资 金 借 款 90,470,000 元（大写：人民币玖仟零肆拾柒万元整），并支 付资金占用利息（以借款本金为基数，按照借款发生时 LPR 的一倍为利率，自 2024 年 4 月 9 日起至实际偿还之日止。 截止 2025 年 5 月 27 日暂为 3,580,727 元）； 一、本次重大诉讼事项受理的基本情况 茂名石化实华股份有限公司（下称公司）与北京信沃达 海洋 ...

Core Viewpoint - The stock of Maohua Shihua (000637) has shown a slight increase of 1.44% on September 5, 2025, with a closing price of 4.22 yuan, amidst mixed capital flows from different investor groups [1]. Financial Performance - Maohua Shihua reported a total revenue of 1.48 billion yuan for the first half of 2025, a year-on-year decrease of 22.83% [2]. - The company recorded a net profit attributable to shareholders of -82.67 million yuan, which is a year-on-year increase of 12.15% [2]. - The second quarter of 2025 saw a single-quarter revenue of 692 million yuan, down 4.42% year-on-year [2]. - The company's gross profit margin stands at 2.09%, significantly lower than the industry average of 19.25% [2]. Market Position - Maohua Shihua's total market capitalization is 2.194 billion yuan, ranking 20th in the oil industry [2]. - The company has a net asset value of 672 million yuan, also ranking 18th in the industry [2]. - The price-to-earnings ratio (P/E) is -13.27, indicating negative earnings, while the industry average is 36.11 [2]. Capital Flow Analysis - On September 5, 2025, the net inflow of main funds was 3.93 million yuan, accounting for 6.79% of the total transaction amount [1]. - Retail investors showed a net outflow of 5.48 million yuan, representing 9.47% of the total transaction amount [1]. - Over the past five days, the stock has experienced fluctuating capital flows, with significant outflows on September 1 and September 2, followed by a recovery on September 5 [1].

Group 1 - Guoxin Technology successfully tested a new generation of automotive electronic BLDC motor drive control high-performance chip "CBC2100B," which is based on 130nm BCD process and aims to address the MCU chip shortage in China's automotive industry, especially in new energy vehicles [1] - The chip is applicable in automotive electronic fields such as water pumps, oil pumps, and air conditioning fans, as well as in industrial control for BLDC motor drives and electrified equipment [1] Group 2 - Hangzhou High-tech experienced a change in control with the resignation of multiple key executives, including the chairman, vice chairman, and general manager, which may lead to a temporary reduction in the board's member count below the minimum required [2] - The resigning executives will continue to perform their duties until new appointments are made to ensure the company's normal operations [2] Group 3 - Zhonghuan Hailu decided to terminate the planning of a change in control due to disagreements with the trading party regarding future development arrangements [4] - The stock and convertible bonds of the company will resume trading on September 5, 2025 [4] Group 4 - ST Tianmao plans to voluntarily withdraw its A-shares from trading on the Shenzhen Stock Exchange and apply for transfer to the National SME Share Transfer System after the termination of listing [5] - The decision has been approved by the company's first temporary shareholders' meeting in 2025 [5] Group 5 - Beijing Lier signed a strategic cooperation agreement with SenseTime and Xiwang to explore AI computing power collaboration and the development of industrial manufacturing and decision-making AI vertical models [6] - Hunan Baiyin adjusted its share repurchase price ceiling from 5 yuan to 7 yuan per share due to the stock price exceeding the original limit [6] Group 6 - Dongnan Network won the bid for the "Pujiang Street Five Villages Joint Development Project" with a bid amount of 1.686 billion yuan, accounting for 15% of the company's audited revenue for 2024 [8] - Wens Foodstuff reported sales of 3.2457 million pigs in August 2025, generating revenue of 4.825 billion yuan, with a year-on-year price change of 37.88% [8] - Jiangling Motors sold 30,003 vehicles in August 2025, representing a year-on-year increase of 8.92% [8] Group 7 - Hubei Yihua completed the construction of a 200,000 tons/year caustic soda energy-saving renovation project, which has been put into production [9] - Satellite Chemical announced routine maintenance for its polyethylene and ethylene oxide/ethylene glycol facilities, expected to last 45 days [9] Group 8 - Shida Shenghua plans to establish a subsidiary for a 53,000 tons/year calcium chloride project with an investment of 25 million yuan, aimed at enhancing its resource advantages in the new energy materials sector [11] - Roman Co. intends to acquire a 39.2308% stake in Wutong Technology for 196.154 million yuan, which will make Wutong a subsidiary of Roman [11] Group 9 - Shanghai Laishi's executives plan to increase their shareholdings in the company with a total investment of no less than 6 million yuan [13]