Core Viewpoint - The company Maohua Shihua announced that its A-share stock experienced an abnormal trading fluctuation, with a cumulative closing price increase of 21.49% over three consecutive trading days from October 20 to October 22, 2025 [1] Summary by Relevant Sections - Stock Performance - The stock price of Maohua Shihua increased by a cumulative 21.49% over three consecutive trading days [1] - Company Operations - The company confirmed that there are no corrections or supplements needed for previously disclosed information [1] - No significant changes have been observed in the company's recent production and operational environment, indicating normal business operations [1] - Market Information - The company did not find any recent media reports that could have significantly impacted its stock trading price [1]

证券代码：000637 证券简称：茂化实华 公告编号：2025-056 关于股票交易异常波动的公告 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。 一、公司股票交易异常波动情况 茂名石化实华股份有限公司（以下简称：公司或本公司； 证券简称：茂化实华；证券代码：000637）A 股股票于 2025 年 10 月 20 日、2025 年 10 月 21 日、2025 年 10 月 22 日连 续三个交易日内收盘价格涨幅偏离值累计 21.49%，根据《深 圳证券交易所交易规则》的相关规定，属于股票交易异常波 动。 二、公司关注、核实的情况 针对公司股票交易异常波动，公司董事会对有关事项进 行了核查，并以书面函件及通讯问询等方式，对公司控股股 东及实际控制人就相关问题进行了核实，现将有关情况说明 如下： （一）公司前期披露的信息不存在需要更正、补充之处。 （二）公司未发现近期公共传媒报道了可能或已经对本 公司股票交易价格产生较大影响的未公开重大信息。 （三）公司近期生产经营情况及内外部经营环境未发生 茂名石化实华股份有限公司 - 1 - 重大变化，公司生产经营正常。 ...

Group 1 - The refining and trading sector increased by 1.36% compared to the previous trading day, with Maohua Shihua leading the gains [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] - Key stocks in the refining and trading sector showed significant price movements, with Maohua Shihua rising by 9.94% to a closing price of 5.20 [1] Group 2 - The main funds in the refining and trading sector experienced a net outflow of 29.84 million yuan, while retail investors saw a net inflow of 85.44 million yuan [2] - The trading volume and turnover for key stocks in the sector varied, with Maohua Shihua achieving a turnover of 629 million yuan [1][2] - The stock performance of various companies showed mixed results, with some stocks like Rongsheng Petrochemical and Runbei Hangke also experiencing gains [1][2] Group 3 - Detailed fund flow analysis indicated that Maohua Shihua had a net inflow of 44.63 million yuan from main funds, while retail investors had a net outflow of 27.62 million yuan [3] - Other companies like Rongsheng Petrochemical and Hengli Petrochemical also saw significant fund flows, with net inflows from main funds [3] - The overall sentiment in the refining and trading sector appears to be influenced by the contrasting movements of institutional and retail investors [3]

Market Overview - The refining and trading sector increased by 1.07% compared to the previous trading day, with Maohua Shihua leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Maohua Shihua (000637) closed at 4.73, with a rise of 10.00% and a trading volume of 293,500 shares, amounting to 134 million yuan [1] - Junzhu Xinchang (000819) saw a closing price of 19.21, up 7.56%, with a trading volume of 254,000 shares [1] - Hengtong Co., Ltd. (603223) closed at 10.08, increasing by 5.11% with a trading volume of 152,700 shares [1] - Other notable stocks include Guochuang Gaoxin (002377) at 3.05 (+3.74%) and Daqing Huake (000985) at 18.10 (+2.84%) [1] Capital Flow - The refining and trading sector experienced a net outflow of 162 million yuan from institutional investors, while retail investors saw a net inflow of 291 million yuan [2] - The main capital inflow was observed in Junzhu Xinchang, with a net inflow of 43.98 million yuan, while Maohua Shihua had a net inflow of 33.42 million yuan [3] - Other stocks like Tongkun Co., Ltd. (601233) and Hengli Petrochemical (600346) also showed varying degrees of net inflow and outflow [3]

Core Insights - The refining and trading sector experienced a rise of 1.78% on October 20, with Baoli International leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Sector Performance - Baoli International (300135) closed at 4.35, up 3.33% with a trading volume of 202,200 shares and a turnover of 87.25 million yuan [1] - Bohai Chemical (600800) closed at 4.00, up 2.83% with a trading volume of 194,300 shares and a turnover of 76.71 million yuan [1] - China Petroleum (601857) closed at 8.62, up 2.50% with a trading volume of 2,088,200 shares and a turnover of 1.78 billion yuan [1] - Other notable performers include Maohua Shihua (000637) and ST Shenhua (000698), with increases of 2.38% and 2.30% respectively [1] Capital Flow - The refining and trading sector saw a net inflow of 355 million yuan from main funds, while retail funds experienced a net outflow of 81.87 million yuan [2] - Major stocks like China Petroleum and Guanghui Energy attracted significant net inflows, with China Petroleum receiving 262 million yuan [3] - Retail investors showed a negative trend, with notable outflows from several stocks including China Petroleum and Guanghui Energy [3]

Core Viewpoint - The stock of Maohua Shihua (000637) has shown a stable price of 4.20 CNY as of October 17, 2025, with a slight increase in trading volume and mixed capital flow trends [1][2]. Financial Performance - Maohua Shihua reported a total revenue of 1.48 billion CNY for the first half of 2025, a year-on-year decrease of 22.83% [3]. - The company recorded a net profit attributable to shareholders of -82.67 million CNY, which is a year-on-year increase of 12.15% [3]. - The second quarter of 2025 saw a single-quarter revenue of 692 million CNY, down 4.42% year-on-year, and a net profit of -47.59 million CNY, up 5.02% year-on-year [3]. Market Position - Maohua Shihua's total market capitalization is 2.183 billion CNY, ranking 20th in the petroleum industry [3]. - The company has a net asset value of 672 million CNY, also ranking 18th in the industry [3]. - The company's gross profit margin stands at 2.09%, significantly lower than the industry average of 19.25%, placing it 19th in the sector [3]. Capital Flow Analysis - On October 17, 2025, the net outflow of main funds was 7.28 million CNY, accounting for 13.48% of the total transaction amount [1][2]. - Retail investors contributed a net inflow of 5.26 million CNY, representing 9.73% of the total transaction amount on the same day [1][2]. - Over the past five days, the main funds have consistently shown a net outflow trend, with the highest outflow recorded at 7.33 million CNY on October 16, 2025 [2].

（编辑 楚丽君） 证券日报网讯 10月15日晚间，茂化实华发布公告称，近日，公司董事会收到谭良谋先生的通知，谭良 谋先生已经按照相关规定参加深圳证券交易所举办的上市公司独立董事任前培训（线上），并取得了由 深圳证券交易所创业企业培训中心颁发的《上市公司独立董事培训证明》。 ...

证券代码：000637 证券简称：茂化实华 公告编号：2025-055 茂名石化实华股份有限公司 关于独立董事取得独立董事培训证明的公告 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。 茂名石化实华股份有限公司（以下简称"公司"）于2025 年6月6日召开2025年第一次临时股东会，审议通过了《关于 补选谭良谋先生为第十三届董事会独立董事的议案》，同意 选举谭良谋先生为公司第十三届董事会独立董事，其任期自 股东会审议通过之日起至公司第十三届董事会任期届满之 日止。 截至公司2025年第一次临时股东会通知发出之日，谭良 谋先生尚未取得独立董事资格证书。根据深圳证券交易所的 相关规定，谭良谋先生已书面承诺参加最近一期独立董事培 训并取得深圳证券交易所认可的独立董事资格证书。 企业培训中心颁发的《上市公司独立董事培训证明》。 特此公告。 茂名石化实华股份有限公司董事会 2025 年 10 月 16 日 - 2 - 近日，公司董事会收到谭良谋先生的通知，谭良谋先生 已经按照相关规定参加深圳证券交易所举办的上市公司独 立董事任前培训（线上），并取得了由深圳证券交易所创业 ...

Core Viewpoint - The stock of Maohua Shihua (000637) has shown a decline in both price and performance metrics, indicating potential challenges in the company's financial health and market position [1][3]. Financial Performance - As of October 14, 2025, Maohua Shihua's stock closed at 4.24 yuan, down 0.24% with a trading volume of 87,000 hands and a transaction amount of 36.94 million yuan [1]. - The company's main revenue for the first half of 2025 was 1.48 billion yuan, a year-on-year decrease of 22.83% [3]. - The net profit attributable to shareholders was -82.67 million yuan, which represents a year-on-year increase of 12.15% in losses [3]. - The second quarter of 2025 saw a single-quarter main revenue of 692 million yuan, down 4.42% year-on-year [3]. Market Position and Ratios - Maohua Shihua's total market capitalization is 2.204 billion yuan, significantly lower than the industry average of 180.342 billion yuan, ranking 20th in the sector [3]. - The company has a negative price-to-earnings ratio of -13.33, compared to the industry average of 34.94 [3]. - The gross margin stands at 2.09%, while the industry average is 19.25%, placing Maohua Shihua at 19th in the industry ranking [3]. Capital Flow Analysis - On October 14, 2025, the net outflow of main funds was 2.6957 million yuan, accounting for 7.3% of the total transaction amount [1][2]. - Retail investors showed a net inflow of 1.9882 million yuan, representing 5.38% of the total transaction amount [1][2]. - Over the past five days, the stock has experienced fluctuating capital flows, with significant net outflows from main funds on multiple days [2].

Core Insights - In September 2025, a total of 47 listed companies in Shanghai, Shenzhen, and Beijing announced changes to their auditing firms, indicating a significant shift in the auditing landscape [3][6]. Group 1: Changes in Auditing Firms - Notable changes include companies like Xiaoxin Environment switching from Xinyong Zhonghe to Deloitte, and Jian Tai Technology moving from Zhonghua to PwC Zhongtian [4][5]. - The audit fees for 2024 for these companies varied, with Xiaoxin Environment paying 4.96 million yuan and Jian Tai Technology paying 4.5 million yuan [4]. Group 2: Client Changes Among Audit Firms - The firm with the largest decrease in clients was Lixin, losing 7 clients, while Rongcheng gained the most clients, increasing by 6 [6][8]. - The detailed statistics show that Lixin and Rongcheng were the most affected firms in terms of client changes, reflecting a competitive shift in the auditing market [6][9].