Group 1 - The company has changed its name from "Inner Mongolia Yuan Xing Energy Company Limited" to "Inner Mongolia Berun Chemical Company Limited" along with the corresponding securities abbreviation change from "Yuanxing Energy" to "Berun Chemical" effective from May 21, 2025 [1][2] - The company's securities code "000683" remains unchanged despite the name and abbreviation changes [1][2] - The name change aligns with the company's strategic shift away from coal and natural gas methanol production, focusing instead on natural soda ash and urea production, thereby providing a clearer representation of its current business operations [1] Group 2 - The name change has been approved by the Shenzhen Stock Exchange without any objections [2] - The company has completed the necessary registration procedures for the name change with the relevant authorities in Ordos City, obtaining a new business license [1][2] - The company continues to engage in various chemical production and sales activities, including non-hazardous chemical products, fertilizers, and machinery sales, among others [1]

1.内蒙古远兴能源股份有限公司（以下简称公司）中文名称由"内蒙古远兴 能源股份有限公司"变更为"内蒙古博源化工股份有限公司"，英文名称由"Inner Mongolia Yuan Xing Energy Company Limited"变更为"Inner Mongolia Berun Chemical Company Limited"。 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。 重要提示： 2.公司证券简称由"远兴能源"变更为"博源化工"，英文简称由"Yuanxing Energy"变更为"Berun Chemical"，启用时间为 2025 年 5 月 21 日。 3.公司证券代码"000683"保持不变。 一、公司名称（含证券简称）变更的说明 公司分别于 2025 年 4 月 23 日、2025 年 5 月 15 日召开九届二十五次董事会、 2024 年年度股东大会，审议通过了《关于变更公司名称、证券简称的议案》， 具体内容详见公司在巨潮资讯网披露的相关公告。 证券代码：000683 证券简称：远兴能源 公告编号：2025-042 内蒙古远兴能源股份有 ...

Investment Rating - The investment rating for the company is "Outperform" (maintained) [2] Core Views - The report highlights the company's resilience in profitability at the industry bottom, showcasing both high growth and high dividend potential [2][7] - The company reported a total revenue of 132.64 billion yuan in 2024, with a year-on-year growth of 10.1%, and a net profit attributable to shareholders of 18.11 billion yuan, reflecting a year-on-year increase of 28.5% [7] - The company plans to distribute a cash dividend of 3 yuan per 10 shares, with a total expected payout of 1.116 billion yuan, resulting in a dividend rate of 61.6% and a current dividend yield of 5.8% [7] Financial Data and Profit Forecast - The total revenue forecast for 2025 is 12.325 billion yuan, with a projected year-on-year decrease of 7.1% [6] - The net profit attributable to shareholders for 2025 is estimated at 1.53 billion yuan, reflecting a year-on-year decrease of 15.5% [6] - The company’s gross margin is projected to be 33.9% in 2025, with a return on equity (ROE) of 9.8% [6] - The company’s market capitalization corresponds to price-to-earnings (PE) ratios of 13, 9, and 8 for the years 2025, 2026, and 2027 respectively [7] Production and Capacity Expansion - The company produced 9.08 million tons of various products in 2024, with significant increases in the production of soda ash and sodium bicarbonate due to the full capacity operation of its subsidiary [7] - The first phase of the Alashan natural soda project has reached full production capacity, contributing significantly to revenue and profit [7] - The second phase of the project is expected to start construction in December 2023, with an estimated investment of 5.5 billion yuan and completion anticipated by the end of 2025 [7] Price Trends and Cost Management - The report notes a decline in the average prices of key products such as soda ash and urea, with year-on-year decreases of 34.76% and 21.21% respectively in Q1 2025 [7] - The company has managed to reduce its total expenses, with a total of 327 million yuan in selling and administrative expenses in Q1 2025, down from the previous year [7]

Investment Rating - The report maintains a "Recommended" rating for the chemical industry [1]. Core Insights - The report highlights the potential revaluation of phosphate rock value due to ongoing supply-demand tensions, with increasing demand for phosphate fertilizers and lithium iron phosphate batteries [6][4]. - The chemical industry is expected to enter a restocking cycle in 2025, driven by low inventory levels and improving profitability among leading chemical companies [5][27]. - The report emphasizes the expansion of phosphate production capacity by Batian Co., which is set to increase its phosphate rock extraction capacity to 2 million tons per year [4][6]. Summary by Sections Core Target Tracking - The report tracks key companies in the chemical sector, including Batian Co., which is expanding its phosphate production capacity significantly [4][6]. - It also notes the performance of various chemical products, with a focus on price increases for butadiene and polyester filament due to favorable market conditions [10][14]. Market Observation - The chemical sector has shown a relative performance of 6.7% over the past month, outperforming the CSI 300 index [2]. - The report indicates that the chemical industry is experiencing a recovery phase, with several companies poised for growth due to favorable market dynamics [5][27]. Data Tracking - The report provides detailed tracking of price movements for key chemical products, including butadiene, polyester filament, and various fertilizers, indicating a general upward trend in prices [10][12][17]. - It also highlights the current chemical industry sentiment index at 93.10, reflecting a positive outlook for the sector [6][33]. Investment Recommendations - The report suggests focusing on companies with low-cost expansion capabilities, such as Wanhua Chemical and various tire manufacturers, as well as those benefiting from rising product prices [5][7]. - It emphasizes the importance of high dividend yield companies in the chemical sector, particularly state-owned enterprises with stable financials [8][29].

Group 1: Financial Performance - The company achieved an operating income of 13.264 billion yuan in 2024, representing a year-on-year increase of 10.13% [3] - The net profit attributable to shareholders reached 1.811 billion yuan, reflecting a year-on-year growth of 28.46% [3] - The cash dividend for 2024 is expected to total 1.115 billion yuan, accounting for 66.74% of the distributable profit [5] Group 2: Production and Cost Structure - The company maintains a flexible production ratio of light and heavy soda based on market demand [2] - The comprehensive cost of producing soda ash in 2024 is not disclosed, but it is suggested to refer to periodic reports for detailed figures [4] - The heat value of the coal purchased by the company ranges from 3000 Kcal to 5500 Kcal, depending on the type and origin [3] Group 3: Legal and Financial Liabilities - The company has provisioned for a contingent liability of 1.85 billion yuan for 2024, following a previous provision of 9.64 billion yuan in 2023 [4] - As of December 31, 2024, the estimated liability balance for unresolved arbitration matters stands at 1.149 billion yuan [4] Group 4: Strategic Development and Market Position - The company has established a national-level enterprise technology center and is a leader in the natural soda industry in China [2] - There are plans for potential collaboration with other companies in the natural soda development sector [2] - The company is focused on enhancing its market performance and has developed a market value management system for 2025 [6]

证券代码：000683 证券简称：远兴能源 公告编号：2025-039 内蒙古远兴能源股份有限公司 鄂尔多斯市东胜区鄂托克西街博源大厦 11 楼证券事务部 关于回购注销部分限制性股票减少注册资本 通知债权人的公告 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。 内蒙古远兴能源股份有限公司（以下简称公司）于 2025 年 5 月 15 日召开 2024 年年度股东大会，审议通过了《关于回购注销部分限制性股票的议案》《关 于修订〈公司章程〉的议案》。鉴于公司 2023 年限制性股票激励计划激励对象 中，有 14 名激励对象离职，22 名激励对象退居二线，3 名激励对象退休，3 名 激励对象受证监局行政处罚已不符合激励条件，5 名激励对象因职务调整等需调 减授予数量。公司拟回购注销上述激励对象所持有的限制性股票 2,043.75 万股, 占公司总股本的 0.55%。回购注销完成后，公司总股本将由 3,739,176,560 股减 少为 3,718,739,060 股，公司注册资本也相应由 3,739,176,560 元减少为 3,718,739,060 元。 根据《 ...

证券代码：000683 证券简称：远兴能源 公告编号：2025-041 内蒙古远兴能源股份有限公司 关于补选董事会专门委员会委员的公告 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。 专门委员会名称 委员会主任 委员会委员 战略委员会 戴继锋 张世潮 董 敏 李要合 刘宝龙 宋为兔 纪玉虎 审计委员会 张世潮 董 敏 李要合 戴继锋 宋为兔 提名委员会 董 敏 张世潮 李要合 刘宝龙 薪酬与考核委员会 李要合 张世潮 董 敏 李永忠 1.补选前董事会各专门委员会委员如下： 2.补选后董事会各专门委员会委员如下： | 专门委员会名称 | 委员会主任 | | | | | | 委员会委员 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 战略委员会 | 戴继锋 | 张世潮 纪玉虎 | | 董 | 敏 | 李要合 | 刘宝龙 | 宋为兔 | 邢占飞 | | 审计委员会 | 张世潮 | 董 | 敏 | 李要合 | | 戴继锋 | 宋为兔 | | | | 提名委员会 | 董 敏 | ...

北京市鼎业律师事务所 BEIJING DINGYE LAW FIRM 中国北京市海淀区人大北路33号大行基业大厦16层 电 话：86-010-82685026 传 真：86-010-82684574 邮 编：100080 北京市鼎业律师事务所 关于内蒙古远兴能源股份有限公司 2024 年年度股东大会的 法律意见 鼎业证字[2025]YX002 号 内蒙古远兴能源股份有限公司： 北京市鼎业律师事务所（以下简称"本所"）接受内蒙古远兴能源股份有限 公司（以下简称"公司"或"贵公司"）的委托，指派本所律师出席贵公司 2024 年年度股东大会（以下简称"本次股东大会"），就本次股东大会会议的召集与召 开程序、召集人资格、出席会议人员资格、会议表决程序及表决结果等事宜，出 具法律意见。 为出具本法律意见书之目的，贵公司向本所律师提供了与本次股东大会召开 事宜有关的文件、资料。贵公司承诺向本所律师提供的文件及所作的陈述和说明 是完整的、真实的和有效的，有关原件及其上面的签字和印章是真实的，且一切 足以影响本法律意见书的事实和文件均已向本所披露，无任何隐瞒、疏漏之处。 远兴能源2024年年度股东大会法律意见 北京市鼎业律师 ...

证券代码：000683 证券简称：远兴能源 公告编号：2025-038 内蒙古远兴能源股份有限公司 2024年年度股东大会决议公告 1.本次股东大会没有出现否决议案的情形。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1.召开时间： 现场会议召开时间：2025 年 5 月 15 日（星期四）下午 14:30。 网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 5 月 15 日的交易时间，即 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投票的时间为2025年5月15日9:15至15:00 期间的任意时间。 2.现场会议召开地点：鄂尔多斯市东胜区鄂托克西街博源大厦 19 层会议室 3.召开方式：现场投票和网络投票相结合的方式 4.召集人：公司董事会 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.《2024 年度董事会工作报告》 5.现场会议主持人：董事长戴继锋先生 6.会议的召开符合《公司法》《股票上市规则》及有关法律法规、部门 ...

1.内蒙古远兴能源股份有限公司（以下简称公司）于 2025 年 5 月 12 日以书 面、传真或电子邮件方式向公司全体董事发出了关于召开九届二十六次董事会会 议的通知。 2.会议于 2025 年 5 月 15 日在鄂尔多斯市东胜区鄂托克西街博源大厦 19 层 会议室以现场和视频相结合的方式召开。 3.本次董事会应参会董事 9 名，实际参会董事 9 名。其中参加现场会议的董 事为戴继锋、邢占飞、李永忠、纪玉虎、张世潮、董敏，通过视频参加会议的董 事为刘宝龙、宋为兔、李要合。会议由公司董事长戴继锋先生主持，公司监事、 部分高管人员列席了本次会议。 证券代码：000683 证券简称：远兴能源 公告编号：2025-040 内蒙古远兴能源股份有限公司 九届二十六次董事会决议公告 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。 一、董事会会议召开情况 详细内容请参见公司同日在巨潮资讯网披露的《关于补选董事会专门委员会 委员的公告》。 三、备查文件 1.经与会董事签字并加盖董事会印章的董事会决议。 2.深交所要求的其他文件。 内蒙古远兴能源股份有限公司董事会 二〇二五年五月 ...