Core Viewpoint - Sichuan Meifeng (000731) anticipates a decline in sales revenue and profits from automotive urea in 2024 due to multiple factors including the logistics industry's performance, market competition, and fluctuations in raw material urea prices [1] Group 1: Market Conditions - The recovery of the domestic economy and the resurgence of the logistics industry are expected to boost automotive urea sales [1] - The increasing proportion of National VI vehicles will contribute positively to the sales volume of automotive urea [1] Group 2: Company Strategy - The company has been focusing on the automotive urea market while also developing a range of products including marine urea, construction machinery urea, agricultural machinery urea, and denitrification urea [1] - Sichuan Meifeng is actively implementing a multi-product market promotion strategy [1]

Core Viewpoint - The company held a semi-annual performance briefing on September 5, 2025, addressing investor concerns regarding market value management, business risk response, and operational strategy adjustments [1][2]. Group 1: Investor Relations Activity - The performance briefing was conducted online and was open to all investors, featuring key company executives including the Chairman and CEO, independent directors, and the CFO [1][2]. - The company emphasized its commitment to prudent and objective responses within the scope of information disclosure [2]. Group 2: Market Value Management - The company is closely monitoring capital market dynamics and is considering hiring a professional market value management team, share buybacks, and increasing investments in the capital market and industry mergers and acquisitions [2][3]. - The company plans to research suggestions related to market value management tools in accordance with its industry realities [2][3]. Group 3: Business Risk Response - The company acknowledged that fluctuations in urea prices are normal due to various influencing factors and is implementing measures such as cost control, efficient production operations, and optimizing product structure to enhance operational quality [2][3]. - In response to the industry's downturn, the company is focusing on optimizing product structure, increasing R&D efforts, expanding market reach, and improving management processes [2][3]. Group 4: Financial Performance and Future Outlook - The company reported a decline in sales revenue and profits for 2024 due to factors such as logistics industry conditions and market competition, but anticipates a recovery with the domestic economy and logistics sector improving [3]. - The company is utilizing idle funds for structured bank deposits, with any future equity acquisition plans to be disclosed in accordance with regulations [3]. Group 5: R&D and Dividend Plans - The company plans to increase R&D expenditures by 10%, 59%, and 93% from 2022 to 2024, focusing on developing new fertilizers and high polymer membrane products [4]. - A mid-term dividend proposal was disclosed on August 26, pending approval at the temporary shareholders' meeting on September 12, with distribution expected within two months post-approval [4].

Group 1: Company Performance and Market Conditions - The company experienced a significant decline in performance in the first half of 2025 compared to the same period last year, attributed to cyclical and structural adjustments in the industry [2][3] - The company reported that the sales revenue and profit from automotive urea decreased due to multiple factors, including logistics industry conditions and raw material price fluctuations [4][5] - The company is currently in a low point in the fertilizer market and is considering measures to optimize product structure and enhance market competitiveness [3][4] Group 2: Risk Management and Strategic Initiatives - The company is actively managing risks associated with urea price fluctuations by controlling production costs and optimizing operational efficiency [2][3] - The management is exploring effective market value management measures, including mergers and acquisitions, to enhance company value [3][4] - The company is committed to maintaining a prudent approach to capital management, ensuring funds are utilized effectively while safeguarding operational needs [5][6] Group 3: Research and Development Efforts - The company has significantly increased its R&D investment, with funding growing by 10%, 59%, and 93% from 2022 to 2024 [7][8] - New product developments include green and efficient fertilizers, advanced polymer materials, and technologies aimed at energy conservation and emission reduction [7][8] - The company aims to strengthen its core competitiveness through continuous innovation and development of new products [8] Group 4: Investor Relations and Communication - The company emphasizes the importance of investor relations and plans to enhance communication with institutional and individual investors [5][6] - Suggestions from investors regarding capital market strategies and expectations management are being taken seriously for future implementation [8][9] - The company is committed to transparent information disclosure and maintaining open channels for investor communication [9]

Group 1 - The core viewpoint of the announcement is that Sichuan Meifeng Chemical Co., Ltd. has provided an update on its share repurchase progress as of August 31, 2025 [1] Group 2 - The share repurchase plan was approved on May 8, 2025, with a total repurchase fund of no less than 50 million yuan and no more than 70 million yuan, with a maximum repurchase price initially set at 10.07 yuan per share, later adjusted to 9.90 yuan per share [2] Group 3 - As of August 31, 2025, the company has repurchased a total of 4,873,631 shares, accounting for 0.8721% of the total share capital, with the highest transaction price at 7.38 yuan per share and the lowest at 6.80 yuan per share, totaling 34,337,381.17 yuan spent [3] Group 4 - The company confirms that the share repurchase progress complies with relevant laws and regulations, and the repurchase was conducted in accordance with the established plan, adhering to all regulatory requirements [4]

Core Viewpoint - Sichuan Meifeng announced the repurchase of shares, indicating a strategic move to enhance shareholder value and confidence in the company's future performance [2] Summary by Category - **Share Repurchase Details** - As of August 31, 2025, the company has repurchased a total of 4,873,631 shares through a dedicated securities account via centralized bidding [2] - This repurchase represents 0.8721% of the company's total share capital [2]

Core Viewpoint - Sichuan Meifeng (000731) announced that its online performance briefing for the first half of 2025 is scheduled for September 5, 2025 [1] Group 1 - The company will hold an online performance briefing [1]

Core Viewpoint - Sichuan Meifeng (000731.SZ) announced a share buyback program, indicating a strategic move to enhance shareholder value through repurchasing shares in the market [1] Summary by Categories Share Buyback Details - The company has repurchased a total of 4.873631 million shares, which represents 0.8721% of its total share capital [1] - The highest transaction price during the buyback was 7.38 CNY per share, while the lowest was 6.80 CNY per share [1] - The total amount spent on the buyback was 34.3374 million CNY, excluding transaction fees [1]

证券代码：000731 证券简称：四川美丰 公告编号：2025-51 四川美丰化工股份有限公司 关于回购股份进展情况的公告 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。 一、回购股份事项概述 四川美丰化工股份有限公司（以下简称"公司"）于 2025 年 5 月 8 日召开第十届董事会第二十四次会议，审议通过了《关 于回购股份方案的议案》。该议案经公司于 2025 年 5 月 23 日召 开的 2024 年度股东会以特别决议形式审议通过。经公司股东会 决议，同意公司使用自有资金以集中竞价交易方式回购公司部分 社会公众 A 股股份，用于注销减少注册资本。本次回购资金总额 不低于人民币 5,000 万元（含）且不超过人民币 7,000 万元（含）， 回购价格不超过人民币 10.07 元/股。具体回购股份的数量以回 购期满时实际回购的股份数量为准。回购期限自公司股东会审议 通过本次回购股份方案之日起不超过十二个月。具体内容详见公 司于 2025 年 5 月 9 日、5 月 13 日、5 月 21 日、5 月 24 日、5 月 27 日、6 月 4 日、6 月 19 ...

四川美丰化工股份有限公司（以下简称"公司"）已于 2025 年 8 月 26 日在巨潮资讯网（www.cninfo.com.cn）披露了《2025 年半年度报告》。为了方便广大投资者进一步了解公司 2025 年半 年度经营情况，公司决定召开 2025 年半年度网上业绩说明会。 一、本次业绩说明会安排 （一）召开时间：2025 年9 月5 日（星期五）15:00～17:00 证券代码：000731 证券简称：四川美丰 公告编号：2025-50 四川美丰化工股份有限公司 关于召开 2025 年半年度网上业绩说明会的公告 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。 二、公开征集问题 为充分尊重投资者、提升交流的针对性，现就公司 2025 年 半年度业绩说明会提前向投资者公开征集问题，广泛听取投资者 的意见和建议。投资者可于 2025 年 9 月 5 日前进行会前提问， 公司将通过本次业绩说明会，在信息披露允许范围内就投资者普 遍关注的问题进行回答。 欢迎广大投资者积极参与。 特此公告。 四川美丰化工股份有限公司董事会 （二）召开方式：网络互动 （三）出席人员：董 ...

Group 1 - The stock price of Sichuan Meifeng is reported at 7.22 yuan, down 0.26 yuan from the previous trading day, with an opening price of 7.51 yuan, a highest price of 7.51 yuan, and a lowest price of 7.21 yuan, with a trading volume of 197,500 hands and a transaction amount of 145 million yuan [1] - Sichuan Meifeng's main business includes the production and sales of fertilizers and chemical products, covering various products such as urea and compound fertilizers [1] - The company's mid-term dividend plan for 2025 indicates a cash dividend of 1 yuan for every 10 shares, with a dividend payout ratio exceeding 6 times, ranking among the top in disclosed mid-term dividend plans [1] Group 2 - On the day of reporting, the net outflow of main funds for Sichuan Meifeng was 32.35 million yuan, accounting for 0.8% of the circulating market value, while the cumulative net outflow over the past five days was 28.17 million yuan, accounting for 0.7% of the circulating market value [1]