Core Viewpoint - The company has approved the 2024 annual equity distribution plan, which includes a cash dividend of 0.50 RMB per 10 shares, with a total cash distribution amounting to 165,017,526.75 RMB, after excluding repurchased shares from the total share count [1][3][4]. Group 1: Equity Distribution Plan - The equity distribution plan is based on a total share count of 3,666,321,624 shares, minus 365,971,089 repurchased shares, resulting in a base of 3,300,350,535 shares for the cash dividend calculation [3][4]. - The cash dividend per share is calculated as 0.0450090 RMB, which will be used to adjust the ex-dividend price accordingly [2][6]. - The ex-dividend date is set for June 20, 2025, with the record date being June 19, 2025 [5]. Group 2: Shareholder Rights and Taxation - Shares held in the company's repurchase account will not participate in the profit distribution, meaning those shares are excluded from the dividend calculation [3][4]. - Different tax rates apply for various categories of shareholders, with specific provisions for foreign investors and domestic funds regarding dividend tax [4][5]. Group 3: Convertible Bonds Adjustment - The conversion prices for the company's convertible bonds will be adjusted following the equity distribution, with "恒逸转债" changing from 9.20 RMB to 9.15 RMB per share, and "恒逸转2" from 10.41 RMB to 10.36 RMB per share, effective from June 20, 2025 [5][6].

证券代码：000703 证券简称：恒逸石化 公告编号：2025-061 恒逸石化股份有限公司 关于实施2024年年度权益分派后调整股份回购价格上限的公告 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。 特别提示： 一、回购股份基本情况 2025-053）。本次权益分派方案的具体内容为：以公司现有总股本3,666,321,624 股扣除公司回购专户上已回购股份数量365,971,089股后的股份数3,300,350,535 股为基数，每10股派发现金红利0.50元（含税），不送红股、不进行公积金转增 股本。 鉴于公司回购专用证券账户上的股份不参与2024年年度权益分派，公司本次 实际现金分红的总金额=实际参与分配的总股本*分配金额，即3,300,350,535股 *0.05元/股= 165,017,526.75元人民币。本次权益分派实施后，根据股票市值不变 原则，实施权益分派前后公司总股本保持不变，现金分红总额分摊到每一股的比 例将减小。因此，本次权益分派实施后除息价格计算时，每股现金红利应以 0.0450090元/股计算（每股现金红利=现金分红总额/总股本，即 ...

| 证券代码：000703 | 证券简称：恒逸石化 | 公告编号：2025-059 | | --- | --- | --- | | 债券代码：127022 | 债券简称：恒逸转债 | | 恒逸石化股份有限公司 关于"恒逸转债"转股价格调整的公告 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。 特别提示： 一、基本情况 恒逸石化股份有限公司（以下简称"公司"）于2020年10月16日公开发行了 2,000万张可转换公司债券（以下简称"恒逸转债"），转股价格11.50元/股，可 转债于2020年11月16日在深圳证券交易所上市交易，债券简称"恒逸转债"，债 券代码"127022"。 由于公司实施2020年年度权益分派，可转债转股价格由11.50元/股调整为 11.20元/股，相关事项详见2021年6月29日刊载于《证券时报》《中国证券报》《证 券日报》《上海证券报》和巨潮资讯网（www.cninfo.com.cn）上的《关于可转债 转股价格调整的公告》（公告编号：2021-075）。 由于公司实施2023年年度权益分派，可转债转股价格由11.00元/股调整为 10 ...

1 一、股东大会审议通过权益分派方案情况 | 证券代码：000703 | 证券简称：恒逸石化 | 公告编号：2025-058 | | --- | --- | --- | | 债券代码：127022 | 债券简称：恒逸转债 | | | 债券代码：127067 | 债券简称：恒逸转 2 | | 恒逸石化股份有限公司 2024年年度权益分派实施公告 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： 恒逸石化股份有限公司（以下简称"恒逸石化"或"公司"）2024年年度权 益分派方案已获2025年5月15日召开的2024年年度股东大会审议通过，本次权益 分派方案的具体内容为：以公司现有总股本剔除已回购股份365,971,089股后的 3,300,350,535股为基数，向全体股东每10股派0.50元人民币现金，不送红股、不 进行公积金转增股本。在本分配预案实施前，公司总股本由于可转债转股、股份 回购、股权激励行权、再融资新增股份上市等原因而发生变化的，公司将维持每 股分配金额不变，相应调整总股本。 公司本次实际现金分红的总金额=实际参与分配的总股本×分配金额， ...

关于"恒逸转2"转股价格调整的公告 | 证券代码：000703 | 证券简称：恒逸石化 | 公告编号：2025-060 | | --- | --- | --- | | 债券代码：127067 | 债券简称：恒逸转 2 | | 恒逸石化股份有限公司 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： 一、基本情况 恒逸石化股份有限公司（以下简称"公司"）于2022年7月21日公开发行了 3,000万张可转换公司债券（以下简称"恒逸转2"），初始转股价格10.50元/股， 恒逸转2于2022年8月18日起在深圳证券交易所挂牌交易，债券简称"恒逸转2"， 债券代码"127067"。 由于公司实施2023年年度权益分派，可转债转股价格由10.50元/股调整为 10.41元/股，相关事项详见2024年6月20日刊载于《证券时报》《中国证券报》《证 券日报》《上海证券报》和巨潮资讯网（www.cninfo.com.cn）上的《关于"恒逸 转2"转股价格调整的公告》（公告编号：2024-053）。 二、关于可转债转股价格调整的相关事项 （一）转股价格调整的相关依据 ...

Group 1 - The polyester market is experiencing price fluctuations and promotional activities, with factories implementing price cuts and production reductions to alleviate inventory pressure [1][3][5] - From January to May 2023, the polyester market faced high volatility due to weak demand and macroeconomic disturbances, leading to a generally weak market environment [2][3] - Major polyester companies are reducing production to manage inventory levels, with some firms having already implemented multiple rounds of production cuts [3][5] Group 2 - The polyester industry is seeing a shift towards high-value products as leading companies seek to enhance profitability and resilience against risks [3][4][6] - The market is expected to continue experiencing high volatility in the second half of 2023, influenced by macroeconomic pressures and changes in supply-demand dynamics [5][6] - The industry faces significant challenges, necessitating collaboration among government, industry associations, and enterprises to explore new development opportunities for sustainable growth [6]

| 证券代码：000703 | 证券简称：恒逸石化 | 公告编号：2025-057 | | --- | --- | --- | | 债券代码：127067 | 债券简称：恒逸转 2 | | 恒逸石化股份有限公司 关于实施权益分派期间"恒逸转2"暂停转股的公告 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。 特别提示： "恒逸转2" 债券代码：127067 债券简称：恒逸转2 转股起止时间：2023年1月30日至2028年7月20日 特此公告。 恒逸石化股份有限公司董事会 2025年6月9日 1 附件： 《恒逸石化股份有限公司公开发行可转换公司债券募集说明书》中"转股 价格的调整方式及计算公式"条款的规定： 在本次发行之后，若公司发生派送股票股利、转增股本、增发新股（不包 括因本次发行的可转换公司债券转股而增加的股本）、配股以及派发现金股利 等情况，将按下述公式进行转股价格的调整（保留小数点后两位，最后一位四 舍五入）： 派送股票股利或转增股本：P1＝P0/（1+n）； 增发新股或配股：P1＝（P0+A×k）/（1+k）； 暂停转股时间：2025年6月11日起 ...

| 证券代码：000703 | 证券简称：恒逸石化 | 公告编号：2025-056 | | --- | --- | --- | | 债券代码：127022 | 债券简称：恒逸转债 | | 恒逸石化股份有限公司 关于实施权益分派期间"恒逸转债"暂停转股的公告 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。 特别提示： "恒逸转债" 债券代码：127022 鉴于恒逸石化股份有限公司（以下简称"公司"）将于近日实施公司2024年 度权益分派，根据公司"恒逸转债"之《恒逸石化股份有限公司公开发行可转换 公司债券募集说明书》中"转股价格的调整方式及计算公式"（详见附件）条款 的规定，自2025年6月11日起至本次权益分派股权登记日止，公司"恒逸转债" （债券代码：127022）将暂停转股，本次权益分派股权登记日后的第一个交易日 起恢复转股。在上述期间，公司可转换公司债券正常交易，敬请公司可转换公司 债券持有人注意。 特此公告。 恒逸石化股份有限公司董事会 2025年6月9日 1 附件： 债券简称：恒逸转债 转股起止时间：2021年4月22日至2026年10月15日 暂停 ...

Core Viewpoint - The article discusses the evolution and current policies of China's textile industry, emphasizing the government's support for digital transformation, quality improvement, and sustainable development to enhance the industry's global competitiveness and achieve the goals of becoming a manufacturing and quality powerhouse [1][3]. Policy Evolution - During the "11th Five-Year Plan," the focus was on increasing the technological content and brand proportion in the textile industry, promoting high-tech and environmentally friendly fibers, and expanding the use of non-cotton natural fibers [1]. - The "12th Five-Year Plan" emphasized environmental protection, quality safety, and brand building within the light textile industry [1]. - The "13th Five-Year Plan" aimed to consolidate China's advantages in textile manufacturing and international trade, establishing the country as a textile powerhouse [1]. - The "14th Five-Year Plan" seeks to elevate the textile industry to a higher position in the global value chain, contributing to the goals of becoming a manufacturing and quality strong nation [1]. National Policy Summary and Interpretation - Recent national policies, such as the "Three-Year Action Plan for Digital Transformation of the Textile Industry (2022-2024)" and the "Implementation Plan for Quality Improvement and Upgrading of the Textile Industry (2023-2025)," provide a favorable macro environment and policy support for the industry's development [3][4]. - These policies aim to promote healthy and rapid development across various segments of the textile supply chain and enhance the industry's global competitiveness [3]. Key Policy Details - The "Implementation Plan" outlines goals for 2025, including: - R&D expenditure intensity of 1.3% for large-scale textile enterprises [8]. - 70% of large-scale textile enterprises achieving digital networking [8]. - Reduction in energy and water consumption per unit of industrial added value, along with continuous decreases in major pollutant emissions [8]. - Improvement in the quality and scale of recycled textile products, aiming to establish 20 globally recognized brands [8]. Key Tasks and Focus Areas - Accelerate innovation-driven development and enhance independent innovation capabilities by focusing on key technology breakthroughs and establishing industry innovation platforms [9]. - Promote high-end manufacturing in textiles and expand the application of functional chemical fibers across various sectors of the economy [9]. - Develop smart manufacturing and improve industry quality and efficiency through the adoption of digital technologies [9]. - Advance green and circular low-carbon development by promoting energy-saving and pollution-reducing technologies [9]. - Enhance the resilience of the supply system to meet and lead fashion consumption upgrades [9]. - Optimize regional industrial layouts and foster open cooperation within the textile industry [9]. Provincial Policy Summary - Various provinces have introduced policies to support the development of the textile industry, focusing on high-quality growth, digital transformation, and the promotion of environmentally friendly materials [12][14]. - For example, Guangdong aims to enhance the digital transformation of its textile industry by 2025, achieving over 60% integration of digital technologies [16].

1. Report Industry Investment Rating No information about the industry investment rating is provided in the content. 2. Core View of the Report The report focuses on the weekly data of the large refining and chemical industry, including price, profit, inventory, and operating rate of different sectors such as polyester, refining, and chemicals, as well as the performance and profit forecasts of related listed companies [2][8]. 3. Summary According to Relevant Catalogs 3.1 Big Refining Weekly Data Briefing - **Price and Spread**: The domestic key large refining project spread this week was 2,675 yuan/ton, a week - on - week decrease of 48 yuan/ton (-2%); the foreign key large refining project spread was 1,063 yuan/ton, a week - on - week decrease of 23 yuan/ton (-2%). The average price of PX this week was 832.1 dollars/ton, a week - on - week decrease of 8.0 dollars/ton, and the spread to crude oil was 356.4 dollars/ton, a week - on - week decrease of 13.1 dollars/ton [2]. - **Polyester Plate**: The average prices of POY/FDY/DTY this week were 6,979/7,279/8,200 yuan/ton respectively, with week - on - week changes of -57/-21/+0 yuan/ton. Their weekly average profits were 96/30/44 yuan/ton, with week - on - week increases of +8/+31/+46 yuan/ton. The inventory was 16.5/21.6/28.4 days, with week - on - week increases of +2.7/+0.9/+1.1 days. The filament operating rate was 89.1%, a week - on - week decrease of 0.6 pct. The downstream loom operating rate was 61.3%, a week - on - week decrease of 1.1 pct [2]. - **Refining Plate**: Domestic refined oil prices: gasoline, diesel, and jet fuel prices rose this week. US refined oil prices: gasoline prices fell, while diesel and jet fuel prices rose [2]. - **Chemical Plate**: The PX operating rate was 84.6%, a week - on - week increase of 3.9 pct [2]. - **Related Listed Companies**: Private large refining and chemical & polyester filament companies include Hengli Petrochemical, Rongsheng Petrochemical, Orient Shenghong, Hengyi Petrochemical, Tongkun Co., Ltd., and Xin凤鸣 [2]. - **Stock Price and Profit Forecast**: The report provides the stock price changes of 6 private refining and chemical companies in different time periods and their profit forecasts from 2024A to 2027E [8]. 3.2 Big Refining Weekly Report 3.2.1 Big Refining Index and Project Spread Trend The report shows the changes in the Shanghai - Shenzhen 300, petroleum and petrochemical, and oil prices, as well as the weekly spreads of domestic and foreign large refining projects [14][16]. 3.2.2 Polyester Plate It presents various data such as the prices, spreads, operating rates, inventories, and production - sales ratios of PX, PTA, MEG, polyester filaments (POY, FDY, DTY), polyester staple fibers, and polyester bottle chips [10]. 3.2.3 Refining Plate The report details the prices, spreads, and changes of domestic, US, European, and Singapore refined oil products (gasoline, diesel, jet fuel) compared to crude oil [10]. 3.2.4 Chemical Plate It provides the prices, spreads, and changes of various chemical products such as pure benzene, styrene, acrylonitrile, polycarbonate, MMA, etc., compared to crude oil [10].