证券代码：000703 证券简称：恒逸石化 公告编号：2024-045 恒逸石化股份有限公司 关于不向下修正"恒逸转债"转股价格的公告 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、可转换公司债券基本情况 （一）发行情况 经中国证券监督管理委员会出具的《关于核准恒逸石化股份有限公司公开发 行可转换公司债券的批复》（证监许可[2020]522 号）核准，公司于 2020 年 10 月 22 日公开发行了面值总额 200,000 万元的可转换公司债券。 （二）上市情况 经深圳证券交易所"深证上[2020]1027 号"文同意，公司 200,000 万元可转 换公司债券已于 2020 年 11 月 16 日起在深圳证券交易所挂牌交易，债券简称"恒 逸转债"，债券代码"127022"。 1 （三）转股期限 根据《募集说明书》的规定，本次发行的可转换公司债券转股期限自可转换 公司债券发行结束之日起满六个月后的第一个交易日（2021 年 4 月 22 日）起至 可转换公司债券到期日（2026 年 10 月 15 日）止。 1、截至 2024 年 5 月 ...

证券代码：000703 证券简称：恒逸石化 公告编号：2024-043 恒逸石化股份有限公司 关于召开 2023 年年度股东大会的通知 本公司及董事会全体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。 根据《中华人民共和国公司法》（以下简称"《公司法》"）和《公司章程》相 关规定，恒逸石化股份有限公司（以下简称"公司"或"恒逸石化"）于 2024 年 4 月 19 日召开公司第十二届董事会第八次会议暨 2023 年度董事会，审议通过 了《关于召开 2023 年年度股东大会的议案》，决定于 2024 年 5 月 10 日（星期五） 下午 14:30 召开 2023 年度股东大会。现将会议相关事项通知如下： 一、召开会议基本情况 1．股东大会届次：2023 年度股东大会 2．股东大会的召集人：公司董事会 3．会议召开的合法、合规性：本次股东大会的召开经第十二届董事会第八 次会议暨 2023 年度董事会审议通过，会议的召集、召开程序符合有关法律、行 政法规、部门规章、规范性文件、深交所业务规则和公司章程等的规定。 4．会议召开的日期和时间： （1）现场会议时间：2024 年 5 月 10 ...

中信证券股份有限公司 关于恒逸石化股份有限公司 2023年度保荐工作报告 | 保荐人名称：中信证券股份有限公司 | 被保荐公司简称：恒逸石化 | | --- | --- | | 保荐代表人姓名：毛宗玄 | 联系电话：0571-85776101 | | 保荐代表人姓名：朱玮 | 联系电话：0571-86811951 | 一、保荐工作概述 3 | 金存放及 | 查阅了募集资金专户银行对账单和募集资金 | | | --- | --- | --- | | 使用 | 使用明细账，并对大额募集资金支付进行凭 | | | | 证抽查，查阅募集资金使用信息披露文件和 | | | | 决策程序文件，实地查看募集资金投资项目 | | | | 现场，了解项目建设进度及资金使用进度， | | | | 取得上市公司出具的募集资金使用情况报告 | | | | 和年审会计师出具的募集资金使用情况鉴证 | | | | 报告，对公司高级管理人员进行访谈，未发 | | | | 现公司在募集资金存放及使用方面存在重大 | | | | 问题。 | | | | 保荐人查阅了公司章程及关于关联交易的内 | | | | 部制度，取得了关联交易明细，查阅了 ...

股票代码：000703 中信证券股份有限公司关于 恒逸石化股份有限公司公开发行可转换公司债券 持续督导保荐总结报告书 保荐人编号：Z20374000 申报时间：2024 年 4 月 一、发行人基本情况 公司名称：恒逸石化股份有限公司（以下简称"恒逸石化"、"发行人"或"公 司"） 英文名称：HENGYI PETRO CHEMICAL CO.,LTD. 上市地点：深圳证券交易所 法人代表：邱奕博 成立日期：1996 年 8 月 13 日 注册资本：366,626.5677 万元 住 所：中国（广西）自由贸易试验区钦州港片区中马钦州产业园区中马大 街 5 号国际科技园 2 号楼 4 层 办公地点：浙江省杭州市萧山区市心北路 260 号恒逸·南岸明珠 3 栋 电话号码：（0571）83871991 传真号码：（0571）83871992 经营范围：一般项目：以自有资金从事投资活动；货物进出口；电子元器件 与机电组件设备销售；化工产品销售（不含许可类化工产品）；针纺织品及原料 销售；合成材料销售；金属矿石销售；建筑材料销售；稀土功能材料销售；金属 材料销售；电子产品销售（除依法须经批准的项目外，凭营业执照依法自主开展 ...

中信证券股份有限公司 关于恒逸石化股份有限公司 2023 年度持续督导定期现场检查报告 | 保荐人名称：中信证券股份有限公司 被保荐公司简称：恒逸石化 | | | --- | --- | | （以下简称"中信证券"或"保荐人"） | | | 保荐代表人姓名：毛宗玄 联系电话：0571-85776101 | | | 保荐代表人姓名：朱玮 联系电话：0571-86811951 | | | 现场检查人员姓名：毛宗玄 | | | 现场检查对应期间：2023 年 1 月 1 日-2023 年 12 月 日 | | | 现场检查时间：2024 日至 月 日 15 2024 4 19 | 年 | | 一、现场检查事项 现场检查意见 | | | （一）公司治理 是 否 不适用 | | | 现场检查手段： | | | 查阅了上市公司最新章程、三会议事规则及会议材料，取得上市公司董事、监事、 | | | 高级管理人员名单及其变化情况，取得上市公司关联方清单，查阅关于公司控股 | | | 股东、实际控制人、董事、监事、高级管理人员的信息披露文件及相关变更决策 | | | 1.公司章程和公司治理制度是否完备、合规 √ | | | 2 ...

证券代码：000703 证券简称：恒逸石化 公告编号：2024-042 关于公司第六期员工持股计划实施进展公告 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。 恒逸石化股份有限公司（以下简称"公司"）分别于 2024 年 1 月 31 日召开第十二 届董事会第七次会议和第十二届监事会第五次会议、2024 年 2 月 22 日召开第一次临 时股东大会，审议通过《关于<恒逸石化股份有限公司第六期员工持股计划（草案）> 及摘要的议案》《关于<恒逸石化股份有限公司第六期员工持股计划管理办法>的议 案》《关于提请股东大会授权董事会办理公司第六期员工持股计划相关事宜的议案》 等相关议案，同意公司实施第六期员工持股计划，并授权公司董事会办理员工持股 计划的相关事宜。具体内容详见公司于 2024 年 2 月 1 日、2024 年 2 月 23 日刊登在 巨潮资讯网（www.cninfo.com.cn）上的相关公告。 本次员工持股计划拟筹集资金总额上限为 8 亿元，其中 24,566.81 万元拟用于受 让上市公司回购股票，受让价格为 6.61 元/股，预计受让上市公司回购股 ...

证券代码：000703 证券简称：恒逸石化 公告编号：2024-041 恒逸石化股份有限公司 公司于 2023 年 12 月 18 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 2023 年 12 月 19 日披露了《关于首次回购公司股份（第四期） 的公告》（公告编号：2023-131）；于 2024 年 1 月 13 日披露了《关于回购公司股 份（第四期）比例达到 1%的进展公告》（公告编号：2024-003）；于 2024 年 1 月 3 日、2024 年 2 月 3 日、2024 年 3 月 2 日、2024 年 4 月 3 日披露了《关于回购 公司股份（第四期）事项的进展公告》。具体内容详见公司在《证券时报》《中国 证券报》《上海证券报》《证券日报》及巨潮资讯网（www.cninfo.com.cn）上披露 的相关公告。 关于回购公司股份（第四期）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 2023 年 12 月 15 日召开的第十二届董 ...

Investment Rating - The report maintains a "Buy" rating for Hengyi Petrochemical [1] Core Views - The company reported a Q1 2024 revenue of 31.7 billion yuan, a year-on-year increase of 12%, and a net profit attributable to shareholders of 410 million yuan, a year-on-year increase of 1087% [3] - The technical upgrades completed in the Brunei refinery have led to a recovery in profitability, with improved product structure and processing margins [3] - The polyester segment is expected to see stable operations, with a positive outlook for long filament supply and demand in 2024 [3][4] Financial Forecast and Valuation - The forecast for net profit attributable to shareholders for 2024-2026 is 1.1 billion, 1.7 billion, and 1.9 billion yuan respectively, with corresponding P/E ratios of 24.0, 16.0, and 14.2 times [4] - The company has implemented stock repurchase and employee stock ownership plans, reflecting confidence in long-term development [4] Market Data - The closing price is 7.04 yuan, with a market capitalization of approximately 25.81 billion yuan [6] - The company has a price-to-book ratio of 1.06 and a debt-to-asset ratio of 70.54% [7]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook on its stock performance [1][2]. Core Insights - The company's core business is expected to continue its favorable cycle, with a projected increase in profitability driven by overseas refining and polyester segments [1][2]. - The report highlights a significant recovery in net profit for 2024, with estimates of 1.94 billion yuan, representing a growth rate of 345.3% compared to the previous year [2][3]. - The overall revenue for 2024 is projected to be 15.34 billion yuan, reflecting a year-on-year growth of 12.7% [3]. Financial Performance Summary - In 2023, the company reported total revenue of 136.15 billion yuan, a decline of 10.5% year-on-year, while net profit was 435 million yuan, a significant recovery from a loss of 1.08 billion yuan in 2022 [3]. - The gross profit margin is expected to improve from 3.8% in 2023 to 4.0% in 2024, indicating better cost management and pricing strategies [3]. - Earnings per share (EPS) are projected to rise from 0.13 yuan in 2023 to 0.53 yuan in 2024, with further increases to 0.77 yuan and 0.92 yuan in 2025 and 2026, respectively [2][3]. Industry Outlook - The report anticipates a contraction in new production capacity for PX in the domestic market, with only 5 million tons expected from 2024 to 2026, which may support the overall industry’s profitability [2]. - The polyester sector is also expected to see limited new capacity additions, with a net increase of less than 1 million tons in 2024, indicating a slowdown in production growth [2]. - The overall market conditions for the company's overseas refining and polyester segments are expected to remain favorable, contributing to improved financial performance [2].

Financial Performance - Revenue for Q1 2024 reached ¥31,655,506,086.59, an increase of 11.54% compared to the same period last year[5] - Net profit attributable to shareholders was ¥413,692,260.32, a significant increase of 1,087.19% year-on-year[5] - Net profit after deducting non-recurring gains and losses was ¥313,739,920.88, up 3,890.00% from the previous year[5] - Basic earnings per share rose to ¥0.12, reflecting a 1,100.00% increase compared to the same period last year[5] - Total operating revenue for Q1 2024 reached CNY 31,655,506,086.59, an increase of 11.99% compared to CNY 28,381,122,577.28 in Q1 2023[19] - Total operating costs for Q1 2024 were CNY 31,429,186,682.96, up from CNY 28,523,009,165.42 in the same period last year, reflecting a rise of 10.59%[19] - Net profit attributable to shareholders of the parent company for Q1 2024 was CNY 413,692,260.32, compared to CNY 34,846,332.38 in Q1 2023, marking a significant increase[20] - The total comprehensive income attributable to the parent company's owners was CNY 438,434,495.94, a decrease of 207,545,192.15 compared to the previous period[21] - Basic earnings per share increased to CNY 0.12 from CNY 0.01 in the previous period, while diluted earnings per share rose to CNY 0.11 from CNY 0.01[21] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥2,455,482,450.41, a decline of 52.77% year-on-year[10] - Operating cash inflows totaled CNY 34,408,135,655.88, compared to CNY 31,076,687,525.97 in the previous period, reflecting a growth of approximately 10.6%[23] - The net cash flow from operating activities was negative at CNY -2,455,482,450.41, worsening from CNY -1,607,351,938.39 in the previous period[23] - Cash inflows from financing activities amounted to CNY 23,420,210,401.43, an increase from CNY 17,551,020,844.12 in the previous period[24] - The net cash flow from financing activities was CNY 2,357,022,597.47, recovering from a negative CNY -1,955,337,750.80 in the previous period[24] - The cash and cash equivalents at the end of the period were CNY 8,246,775,864.77, down from CNY 8,433,635,203.43 in the previous period[24] - The company received CNY 449,089,095.67 in tax refunds, compared to CNY 573,218,046.28 in the previous period[23] - The company reported a net cash outflow from investing activities of CNY -193,848,629.75, an improvement from CNY -902,330,996.12 in the previous period[24] - The company’s total cash outflows from operating activities were CNY 36,863,618,106.29, compared to CNY 32,684,039,464.36 in the previous period[23] Assets and Liabilities - Total assets at the end of the period were ¥110,168,748,553.18, representing a 1.96% increase from the end of the previous year[5] - The company's total assets as of Q1 2024 amounted to CNY 110,168,748,553.18, up from CNY 108,052,106,925.94 at the end of Q1 2023[18] - Total liabilities increased to CNY 77,717,723,549.88 in Q1 2024 from CNY 76,089,618,255.20 in Q1 2023, indicating a growth of 2.14%[17] - The total liabilities and equity combined reached CNY 110,168,748,553.18 in Q1 2024, up from CNY 108,052,106,925.94 in Q1 2023[18] - The total equity attributable to shareholders of the parent company was CNY 25,588,733,419.11 in Q1 2024, compared to CNY 25,211,150,840.09 in Q1 2023[18] Investments and Growth Strategy - Investment income increased by 42.42% to ¥23,555,410.00, driven by higher returns from joint ventures and derivatives[9] - Research and development expenses for Q1 2024 were CNY 183,538,764.23, compared to CNY 155,573,137.60 in Q1 2023, reflecting an increase of 17.94%[19] - The company plans to continue expanding its market presence and invest in new technologies and products[12] - The first quarter report indicates a focus on enhancing operational efficiency and exploring potential mergers and acquisitions[12] - The company is committed to developing new products and technologies to drive future growth[12] Operational Efficiency - The weighted average return on equity improved to 1.64%, up from 0.14% in the same period last year[5] - The company experienced a 94.35% increase in contract liabilities, totaling ¥147,039,820.00, due to an increase in pre-sold goods[9] - Long-term equity investments increased to ¥13,885,920,674.78 from ¥13,669,254,123.61, showing an increase of approximately 1.58%[15] - Accounts receivable increased to ¥6,672,116,140.99 from ¥5,925,174,959.59, representing an increase of about 12.6%[14] - Inventory rose to ¥16,019,211,548.06 from ¥13,060,195,863.37, indicating an increase of approximately 22.5%[15] - Total current assets increased to ¥39,138,992,629.30 from ¥36,926,283,156.40, reflecting a growth of about 5.97%[15]