证券代码：000703 证券简称：恒逸石化 公告编号：2025-094 恒逸石化股份有限公司 关于选举公司职工代表董事的公告 本公司及其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。 截至本公告披露日，罗丹女士未持有公司股份，与公司控股股东、实际控制人、 持股 5%以上股东及公司其他董事、高级管理人员均不存在关联关系；不存在《公司 法》中不得担任公司董事的情形，不存在被中国证监会确定为市场禁入者且尚在禁入 期的情形，也不存在被证券交易所公开认定不适合担任上市公司董事的情形，未受过 中国证监会、证券交易所及其他有关部门处罚和惩戒，不属于最高人民法院公布的失 信被执行人，符合《公司法》等相关法律、法规和规定要求的任职条件。 2 特此公告。 恒逸石化股份有限公司董事会 2025 年 9 月 3 日 1 附件 职工代表董事简历： 罗丹，女，1983 年 9 月出生，中国国籍，浙江农林大学本科、武汉理工大学硕 士。曾任恒逸石化股份有限公司综合管理中心综合部经理，现任恒逸石化股份有限公 司投资管理部总经理。 恒逸石化股份有限公司（以下简称"公司"）于2025年9月3日召开了公司2 ...

浙江天册律师事务所 关于 恒逸石化股份有限公司 2025 年第二次临时股东大会的 法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 法律意见书 致：恒逸石化股份有限公司 浙江天册律师事务所（以下简称"本所"）接受恒逸石化股份有限公司（以 下简称"恒逸石化" 或"公司"）的委托，指派本所律师参加贵公司 2025 年第二 次临时股东大会，并根据《中华人民共和国证券法》以下简称（"证券法"）、 《中华人民共和国公司法》（以下简称"公司法"）和中国证券监督管理委员会 关于《上市公司股东会规则》（以下简称"《股东会规则》"）等法律、法规和 其他有关规范性文件的要求出具本法律意见书。 在本法律意见书中，本所律师仅对本次股东大会表决程序及表决结果的合法 有效性发表意见，不对会议所审议的议案内容和该等议案中所表述的事实或数据 的真实性和准确性发表意见。 本法律意见书仅供 2025 年第二次临时股东大会之目的使用。本所律师同意将 本法律意见书随恒逸石化本次股东大会其他信息披露资料一并公告，并依法对本 所在其中发表的法律意见承担 ...

证券代码：000703 证券简称：恒逸石化 公告编号：2025-093 恒逸石化股份有限公司 2025 年第二次临时股东大会决议公告 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．本次股东大会未出现新增、变更、否决议案的情形。 2．本次股东大会未涉及变更前次股东大会决议的情形。 恒逸石化股份有限公司（以下简称"公司"）于 2025 年 9 月 3 日采用现场与网 络投票相结合的方式召开了 2025 年第二次临时股东大会（以下简称"本次股东大会"）， 审议并通过了相关议案，现将有关事项公告如下： 一、会议召开和出席情况 （一）召开时间 1．现场会议时间：2025 年 9 月 3 日（星期三）下午 14:30。 出席本次股东大会的股东及股东授权代表共 166 人，代表有表决权股份 2,115,733,302 股，占公司有表决权股份总数的 64.11%。 其中：出席现场会议的股东（代理人）1 人，代表有表决权股份 100 股，占公司 有表决权股份总数的 0.00%。通过网络投票的股东（代理人）165 人，代表有表决权 股份 2,115,733,202 ...

Investment Rating - The report maintains a "Buy" rating for Hengyi Petrochemical, expecting the stock price to outperform the industry index by more than 15% in the next six months [5][13][23]. Core Viewpoints - The company's performance in the first half of 2025 is under pressure, with a significant decline in revenue and net profit due to market conditions affecting multiple business segments [2][3]. - The Brunei refining project is progressing steadily, which is expected to fill the supply gap in the Southeast Asian refined oil market [11][12]. - The polyester product differentiation is accelerating, with the company enhancing its competitive advantage through the development of high-value-added differentiated products [10][12]. Financial Summary - Revenue for 2023 is projected at 136.15 billion, decreasing to 125.46 billion in 2024, with a slight recovery to 133.72 billion in 2025 [1][14]. - The net profit attributable to shareholders is expected to drop significantly to 234 million in 2024, before rebounding to 504 million in 2025 [1][14]. - The company's return on equity (ROE) is forecasted to improve from -0.2% in 2024 to 1.5% in 2025 [1][14]. Operational Insights - The company's cash flow from operating activities showed a significant decline, with a net cash flow of -181 million in the first half of 2025, primarily due to increased procurement payments [3][14]. - The company is focusing on vertical integration in its operations, aiming to enhance its product matrix and optimize structural layout [12][13]. Market and Industry Analysis - The "anti-involution" policy is expected to improve the supply-demand dynamics in the filament industry, leading to the exit of outdated production capacity [4][9]. - The polyester downstream demand remains stable, with a notable slowdown in capacity growth, which is beneficial for the company's competitive positioning [9][10]. - The company is leveraging its technological advantages and scale to maintain its market position amid industry consolidation [10][12].

Core Viewpoint - The A-share market has shown strong performance, leading to significant revenue and profit growth for listed securities firms in the first half of the year, primarily driven by proprietary trading income. Group 1: Financial Performance - In the first half of the year, 42 listed securities firms achieved a total operating income of 251.87 billion yuan and a net profit of 104.02 billion yuan, representing year-on-year growth of 11.37% and 65.08% respectively [1] - Proprietary trading contributed significantly, with total proprietary income reaching 112.35 billion yuan, a year-on-year increase of 53.53%, accounting for over 40% of total revenue [1][2] - Among these firms, CITIC Securities was the only one to exceed 10 billion yuan in proprietary income, achieving 19.05 billion yuan, which constituted approximately 57% of its total revenue [2] Group 2: Major Shareholdings - As of the end of June, the top three heavily held stocks by securities firms were Jiangsu Bank, Yong'an Futures, and CITIC Construction Investment, with holdings of 923 million shares, 439 million shares, and 383 million shares respectively [5] - The market value of these holdings was approximately 11.03 billion yuan for Jiangsu Bank, 6.51 billion yuan for Yong'an Futures, and 9.21 billion yuan for CITIC Construction Investment [5] - Other notable stocks included Sinopec, Shanghai Laishi, and Yuheng Pharmaceutical, with significant holdings by various securities firms [5] Group 3: Changes in Holdings - In the second quarter, securities firms significantly increased their positions in stocks such as Sichuan Chengyu, Hongchuang Holdings, and Yuntianhua, with increases of 9.89 million shares, 5.76 million shares, and 5 million shares respectively [6] - Conversely, stocks like Huangshi Group, Shanghai Mechanical, and Northeast Securities saw substantial reductions in holdings, with Huangshi Group experiencing a decrease of over 14 million shares [7][8] - Regulatory issues led to a sharp decline in holdings for certain stocks, with securities firms reducing their positions in Huangshi Group following investigations and penalties [8][9]

Core Insights - The A-share market continues to rise, leading to a prosperous season for brokerage firms, with 42 listed brokerages achieving a total operating income of 251.87 billion yuan and a net profit of 104.02 billion yuan in the first half of the year, representing year-on-year growth of 11.37% and 65.08% respectively [1] - The significant increase in brokerage performance is largely attributed to proprietary trading, which generated a total income of 112.35 billion yuan, a year-on-year increase of over 50%, accounting for more than 40% of total income [1][2] - Among the brokerages, CITIC Securities stands out as the only firm with proprietary income exceeding 10 billion yuan, reaching 19.05 billion yuan, contributing approximately 57% to its total revenue [2] Brokerage Performance - In the first half of the year, 25 out of 42 listed brokerages reported proprietary income exceeding 1 billion yuan, accounting for nearly 60% of the total [2] - Notable performers include Changjiang Securities, which saw a staggering year-on-year increase of 668.35% in proprietary income, and Guolian Minsheng and Huaxi Securities with increases of 458.78% and 245.07% respectively [2] Stock Holdings - As of the end of June, the top three stocks held by brokerages were Jiangsu Bank, Yong'an Futures, and CITIC Construction Investment, with holdings of 923 million shares, 43.9 million shares, and 38.3 million shares respectively, translating to market values of 11.03 billion yuan, 6.51 billion yuan, and 9.21 billion yuan [4] - Brokerages have shown a preference for sectors such as non-bank financials, electronics, and biomedicine in their proprietary trading [1] Changes in Holdings - In the second quarter, significant increases in holdings were observed in stocks like Sichuan Chengyu, Hongchuang Holdings, and Yuntianhua, with increases of 9.89 million shares, 5.76 million shares, and 5 million shares respectively [6] - Conversely, stocks such as Huangshi Group, Shanghai Mechanical, and Northeast Securities experienced substantial reductions in holdings, with the largest decrease being 14 million shares for Huangshi Group [8][11] Regulatory Impact - Some stocks faced significant reductions in holdings due to regulatory penalties, with brokerages exiting positions in companies like Huangshi Group, which was under investigation for information disclosure violations [10][11]

Company Overview - Hengyi Petrochemical Co., Ltd. is located in Xiaoshan District, Hangzhou, Zhejiang Province, and was established on August 13, 1996, with its listing date on March 28, 1997 [1] - The company's main business involves investments in the petrochemical industry, as well as trading in non-ferrous metals, building materials, and electromechanical products [1] Financial Performance - For the first half of 2025, Hengyi Petrochemical reported operating revenue of 55.96 billion yuan, a year-on-year decrease of 13.59%, and a net profit attributable to shareholders of 227 million yuan, down 47.32% year-on-year [2] - The company has cumulatively distributed 5.04 billion yuan in dividends over the past three years, with a total payout of 5.617 billion yuan since its A-share listing [3] Stock Performance - As of September 2, Hengyi Petrochemical's stock price was 6.41 yuan per share, with a market capitalization of 23.093 billion yuan [1] - The stock has seen a year-to-date increase of 2.81%, a decline of 1.23% over the last five trading days, and a rise of 7.01% over the last 20 days [1] Shareholder Information - As of June 30, the number of shareholders for Hengyi Petrochemical was 40,500, a decrease of 4.93% from the previous period, with an average of 90,100 circulating shares per shareholder, an increase of 5.19% [2] - Among the top ten circulating shareholders, Shenwan Hongyuan Securities Co., Ltd. held 68.5794 million shares, a decrease of 2.6709 million shares compared to the previous period [3] Capital Flow - On September 2, the net outflow of main funds was 18.6718 million yuan, with significant selling pressure observed [1]

公司于2024年10月30日首次通过回购专用证券账户以集中竞价方式实施了本次回购，并于2024年10月31 日披露了《关于首次回购公司股份（第五期）的公告》（公告编号：2024-115），于2024年11月2日、 2024年12月3日、2025年1月3日、2025年2月5日、2025年3月4日、2025年4月2日、2025年5月7日、2025 年6月4日、2025年7月2日、2025年8月2日披露了《关于回购公司股份（第五期）事项的进展公告》（公 告编号：2024-122、2024-131、2025-001、2025-015、2025-025、2025-028、2025-051、2025-055、2025- 068、2025-079）。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000703 证券简称：恒逸石化 公告编号：2025-092 恒逸石化股份有限公司关于回购公司股份（第五期）事项的进展公告 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、回购股份基本情况 恒逸石化股份有限公司（以下简称"公司"或"恒逸石化"）于2024年10月2 ...

Summary of Key Points Core Viewpoint - Hengyi Petrochemical has made significant progress in its share repurchase plan, indicating a commitment to enhancing shareholder value through strategic buybacks [1][3]. Group 1: Share Repurchase Plan Overview - The company approved a share repurchase plan on October 22, 2024, with a total repurchase amount between 125 million yuan and 250 million yuan, and a maximum repurchase price of 9.00 yuan per share [2]. - Following the completion of share cancellations, the maximum repurchase price was adjusted to 8.94 yuan per share [2]. Group 2: Latest Repurchase Progress - As of August 29, 2025, the company has repurchased a total of 29,240,840 shares, representing 0.81% of the total share capital [3]. - The highest transaction price during the repurchase was 6.62 yuan per share, while the lowest was 5.97 yuan per share, with a total transaction amount of approximately 184.9 million yuan (about 1.85 million yuan) [3]. Group 3: Compliance and Future Plans - The company has confirmed that the timing, pricing, and trading methods of the share repurchase comply with relevant regulations [4]. - Hengyi Petrochemical plans to continue the share repurchase based on market conditions and will fulfill its information disclosure obligations [4].

证券代码：000703 证券简称：恒逸石化 公告编号：2025-092 恒逸石化股份有限公司 关于回购公司股份（第五期）事项的进展公告 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、回购股份基本情况 恒逸石化股份有限公司（以下简称"公司"或"恒逸石化"）于 2024 年 10 月 22 日召开的第十二届董事会第十五次会议审议通过了《关于以集中竞价交易 方式回购公司股份方案（第五期）的议案》。同意公司使用自有资金及股票回购 专项贷款资金，以集中竞价交易方式回购公司股份，回购资金总额不低于人民币 12,500 万元，不超过人民币 25,000 万元；回购价格为不超过人民币 9.00 元/股； 回购期限为公司自董事会审议通过本回购方案之日起 12 个月内，具体内容详见 公司在巨潮资讯网上披露的《关于以集中竞价交易方式回购股份方案（第五期） 暨取得金融机构股票回购专项贷款的公告》（公告编号：2024-110）、《关于以 集中竞价交易方式回购股份（第五期）的回购报告书》（公告编号：2024-111）。 由于公司注销完成回购股份，本次回购价格上限由不超过人民币 9. ...