Core Viewpoint - Hengyi Petrochemical Co., Ltd. announces the interest payment details for its convertible bond "Hengyi Zhuan 2" for the year 2025, with a fixed interest rate of 4.00 CNY per bond [1][2]. Group 1: Bond Issuance and Payment Details - The bond "Hengyi Zhuan 2" was publicly issued on July 21, 2022, and will start paying interest from July 21, 2025, covering the period from July 21, 2024, to July 20, 2025 [1][2]. - The interest payment for this bond is set at 4.00 CNY for every 10 bonds (face value 1,000 CNY each) [2][5]. - The interest will be paid annually, with the principal and final year's interest returned at maturity on July 20, 2028 [2][3]. Group 2: Taxation and Payment Process - Individual bondholders are subject to a 20% withholding tax on the interest income, which will be deducted by the payment agency [4][5]. - Non-resident corporate bondholders are exempt from corporate income tax and value-added tax on the interest income until December 31, 2025 [5]. - The payment of interest will be managed by China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, which will distribute the funds to the designated securities firms or other recognized institutions [3][4]. Group 3: Contact Information and Additional Resources - The issuer, Hengyi Petrochemical Co., Ltd., is located at 260 North Shixin Road, Xiaoshan District, Hangzhou, Zhejiang Province, with contact details provided for further inquiries [5][6]. - Investors can refer to the full prospectus of the bond issued on July 21, 2022, available on the official website for more detailed information [5][6].

债券代码：127067 债券简称：恒逸转 2 证券代码：000703 证券简称：恒逸石化 公告编号：2025-078 恒逸石化股份有限公司 关于"恒逸转 2"2025 年付息公告 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、"恒逸转 2"将于 2025 年 7 月 21 日按面值支付第三年利息，每 10 张"恒 逸转 2"（面值 1,000 元）利息为 4.00 元（含税） 2、债权登记日：2025 年 7 月 18 日 3、除息日：2025 年 7 月 21 日 4、付息日：2025 年 7 月 21 日 5、"恒逸转 2"票面利率：第一年 0.2%、第二年 0.3%、第三年 0.4%、第四年 1.5%、第五年 1.8%、第六年 2.0% 6、本次付息的债权登记日为 2025 年 7 月 18 日，在 2025 年 7 月 18 日（含） 前买入并持有本期债券的投资者享有本次派发的利息；2025 年 7 月 18 日卖出本 期债券的投资者不享有本次派发的利息 7、下一付息期起息日：2025 年 7 月 21 日 8、下一付息期利率：1.5 ...

1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints The report presents a weekly update on the large refining and chemical industry, covering various aspects such as price trends, profit margins, inventory levels, and开工 rates in different sectors including polyester, refining, and chemicals. It also provides data on the stock performance and earnings forecasts of major private refining and chemical companies [2][8][9]. 3. Summary by Directory 3.1 Big Refining Weekly Data Briefing - **Stock Performance and Earnings Forecast**: The report tracks the price changes of 6 major private refining companies over different time - frames (weekly, monthly, quarterly, yearly, and year - to - date in 2025). It also provides earnings forecasts for these companies from 2024 to 2027, including total market capitalization, net profit attributable to shareholders, PE, and PB [8]. - **Oil Prices and Refining Spreads**: International crude oil prices (Brent and WTI) decreased this week. The domestic refining project spread remained stable with a 0.0% week - on - week change, while the foreign refining project spread decreased by 9.4% week - on - week [8]. - **Polyester Sector**: - **Raw Materials and Intermediate Products**: PX average price decreased by $17.0/ton week - on - week, and its spread over crude oil decreased by $29.4/ton. MEG price increased by 14.3 yuan/ton, and PTA price decreased by 185.0 yuan/ton. - **Polyester Filament**: POY, FDY, and DTY prices decreased, and their profit margins also declined. Inventory levels of POY, FDY, and DTY increased, while the开工 rate of polyester filament increased to 91.9%. The downstream weaving开工 rate decreased to 56.2%, and the raw material inventory of weaving enterprises decreased, while the finished product inventory increased [2][9]. - **Other Polyester Products**: The price of polyester staple fiber decreased, but its profit margin increased. The price of polyester bottle - grade chips decreased, and its profit margin also decreased [9]. - **Refining Sector**: - **Domestic Refined Oil**: The prices of gasoline, diesel, and aviation kerosene in China decreased this week. - **US Refined Oil**: The prices of gasoline, diesel, and aviation kerosene in the US increased this week. - **European and Singaporean Refined Oil**: The prices of refined oil products in Europe and Singapore showed different trends, with some increasing and some decreasing [9]. - **Chemical Sector**: The prices and spreads of various chemical products such as pure benzene, styrene, acrylonitrile, and polyethylene decreased to varying degrees [9]. 3.2 Big Refining Weekly Report - **2.1 Big Refining Index and Project Spread Trends**: The report may contain data on the performance of the big refining index and the spread trends of domestic and foreign refining projects, but specific data is not fully presented in the provided text [11][12]. - **2.2 Polyester Sector**: It includes multiple data series related to the polyester sector, such as the relationship between crude oil, PX, PTA, and polyester filament prices, profit margins,开工 rates, inventory levels, and production and sales rates [22][23][37]. - **2.3 Refining Sector**: It provides detailed data on the relationship between crude oil and refined oil prices (gasoline, diesel, and aviation kerosene) in different regions (China, the US, Europe, and Singapore), including price spreads and changes [79][89][94]. - **2.4 Chemical Sector**: It presents data on the relationship between crude oil and various chemical product prices (such as polyethylene, polypropylene, EVA, etc.), including price spreads and changes [129][130][134].

Core Viewpoint - The announcement details the passive increase in shareholding percentages of the controlling shareholder and its concerted parties following the completion of a share buyback and cancellation process, which does not affect the overall governance structure of the company [1][2]. Group 1: Shareholding Changes - After the cancellation of 63,703,752 shares, Zhejiang Hengyi Group Co., Ltd. (the controlling shareholder) saw its shareholding increase from 42.41% to 43.16% [2][3]. - Hangzhou Hengyi Investment Co., Ltd. (a concerted party) increased its shareholding from 6.99% to 7.12% [2][3]. - The combined shareholding of Hengyi Group and its concerted parties rose from 49.40% to 50.28% [2][3]. Group 2: Share Cancellation Details - The share cancellation was completed on July 9, 2025, and the total share capital of the company was adjusted to 3,602,617,872 shares [1]. - The purpose of the second phase of the share buyback was changed from "for employee stock ownership plans or equity incentives" to "for cancellation and reduction of registered capital" [1]. Group 3: Governance Implications - The changes in shareholding percentages do not involve an increase or decrease in the number of shares held and will not lead to changes in the controlling shareholder or actual controller of the company [2][3]. - The governance structure and ongoing operations of the company remain unaffected by this equity change [2].

Summary of Key Points Core Viewpoint - The company has completed the cancellation of 63,703,752 shares, reducing its total share capital to 3,602,617,872 shares as of July 9, 2025 [1][2]. Group 1: Share Repurchase Overview - The company approved a share repurchase plan on October 27, 2021, with a total budget between RMB 50 million and RMB 100 million, at a maximum price of RMB 15 per share [1]. - The repurchase period was set for 12 months from the board's approval date [1]. - By October 26, 2022, the company had repurchased a total of 63,703,752 shares, accounting for 1.74% of the total share capital, with a total expenditure of approximately RMB 623.6 million [2]. Group 2: Share Cancellation Details - The board meetings held on April 28, 2025, and May 15, 2025, approved the change in the purpose of the repurchased shares from employee stock ownership plans to cancellation and reduction of registered capital [2]. - The cancellation of shares will not materially affect the company's financial status or operating results [2]. Group 3: Changes in Share Capital Structure - After the cancellation, the share capital structure is as follows: - Limited sale condition shares: 18,967,500 shares (0.53%) - Unrestricted shares: 3,583,650,372 shares (99.47%) - Total share capital: 3,602,617,872 shares (100%) [3]. - The company will proceed with the necessary legal registrations and disclosures following the cancellation [3].

证券代码：000703 证券简称：恒逸石化 公告编号：2025-076 恒逸石化股份有限公司 关于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： 1 1、调整前回购价格上限：8.95元/股 2、调整后回购价格上限：8.94元/股 3、回购价格上限调整生效日期：2025年7月11日 二、本次调整回购价格上限情况 公司于 2025 年 4 月 28 日召开第十二届董事会第二十三次会议、第十二届监 事会第十七次会议，于 2025 年 5 月 15 日召开 2024 年年度股东大会，审议通过 了《关于变更第二期回购股份用途并注销的议案》，同意第二期回购股份用途由 "用于实施员工持股计划或股权激励"变更为"用于注销并减少公司注册资本"。本 次回购股份注销数量为 63,703,752 股，注销完成后，公司总股本由 3,666,321,624 股变更为 3,602,617,872 股。经中国证券登记结算有限责任公司深圳分公司确认， 公司本次股份注销事宜已于 2025 年 7 月 9 日办理完成。 根据《回购报告书》，董事会决议日至回购 ...

证券代码：000703 证券简称：恒逸石化 公告编号：2025-073 恒逸石化股份有限公司 关于回购注销实施完成暨股份变动公告 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。 1 了《关于变更第二期回购股份用途并注销的议案》，同意第二期回购股份用途由 "用于实施员工持股计划或股权激励"变更为"用于注销并减少公司注册资本"。 经中国证券登记结算有限责任公司深圳分公司确认，公司本次股份注销事宜 已于 2025 年 7 月 9 日办理完成，本次股份注销数量为 63,703,752 股，本次注销 所回购的股份不会对公司的财务状况和经营成果产生实质性影响。回购股份注销 时间未超过三年期限，注销时间符合相关法律规定。 特别提示： 经中国证券登记结算有限责任公司深圳分公司确认，恒逸石化股份有限公司 （以下简称"公司"）本次股份注销事宜已于 2025 年 7 月 9 日办理完成，本次 股份注销数量为 63,703,752 股，注销完成后，公司总股本将变更为 3,602,617,872 股。 一、本次注销的回购股份概述 公司于 2021 年 10 月 27 日召开的第十一届董 ...

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。 恒逸石化股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开第十 二届董事会第二十三次会议、第十二届监事会第十七次会议，于 2025 年 5 月 15 日召开 2024 年年度股东大会，审议通过了《关于变更第二期回购股份用途并注 销的议案》，同意第二期回购股份用途由"用于实施员工持股计划或股权激励" 变更为"用于注销并减少公司注册资本"。经中国证券登记结算有限责任公司深 圳分公司确认，本次股份注销事宜已于 2025 年 7 月 9 日办理完成。本次股份注 销数量为 63,703,752 股，注销完成后，公司总股本变更为 3,602,617,872 股。 本次股份注销完成后，公司控股股东浙江恒逸集团有限公司（以下简称"恒 逸集团"）直接持有公司的股份比例由 42.41%被动增加至 43.16%(未剔除公司回 购专用账户中的股份数量，下同），一致行动人杭州恒逸投资有限公司（以下简 称"恒逸投资"）持有公司的股份比例由 6.99%被动增加至 7.12%，控股股东恒 逸集团及其一致行动人的合计持股比例由 ...

| 证券代码：000703 | 证券简称：恒逸石化 | 公告编号：2025-074 | | --- | --- | --- | | 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2021年年度权益分派，可转债转股价格由11.20元/股调整为 11 ...

Basic Information - Hengyi Petrochemical Co., Ltd. issued the convertible bond "Hengyi Zhuan 2" on July 21, 2022, which began trading on August 18, 2022, under the bond code "127067" [1] - The conversion price of the convertible bond was adjusted from 10.50 CNY/share to 10.41 CNY/share due to the annual equity distribution in 2023, and further adjustments were made for the 2024 annual equity distribution [1] Conversion Price Adjustment - The adjustment of the conversion price is based on the regulations of the Shenzhen Stock Exchange and the company's fundraising prospectus, which stipulates that the conversion price will be adjusted in response to changes in the company's stock due to stock dividends, capital increases, new share issuances, or cash dividends [2] - The formula for adjusting the conversion price is provided, detailing how to calculate the new price based on various factors such as stock dividends, new share prices, and cash dividends [2][3] Recent Developments - On April 28, 2025, the company held board and supervisory meetings, and on May 15, 2025, it convened the annual general meeting to approve the change in the purpose of the second phase of share repurchase from "for employee stock ownership plans or equity incentives" to "for cancellation and reduction of registered capital" [2] - The company plans to cancel 63,703,752 shares from its repurchase account, with the cancellation confirmed by the China Securities Depository and Clearing Corporation on July 9, 2025 [2] New Conversion Price - Following the share repurchase and cancellation, the conversion price of "Hengyi Zhuan 2" will be adjusted to 10.37 CNY/share, calculated using the provided formula [4][5] - The adjustment reflects the previous conversion price of 10.36 CNY/share, the average transaction price of the repurchased shares at 9.79 CNY/share, and the proportion of shares canceled [5]