Group 1 - The company emphasizes the importance of brand asset clarity and uniqueness, considering it a core intangible asset [1]

证券日报网讯1月9日，四川美丰（000731）在互动平台回答投资者提问时表示，按照监管要求，上市公 司在与投资者交流中不得透露未公开披露的重大信息。 ...

Core Viewpoint - Sichuan Meifeng (000731) is facing challenges in its business operations due to the transition of its parent company, Sichuan Meifeng Group, towards Sichuan Meiqing, which may impact its market position and profitability [2][3]. Group 1: Company Performance - As of January 8, 2026, Sichuan Meifeng's stock closed at 6.68 yuan, with a slight increase of 0.15%, a turnover rate of 0.82%, a trading volume of 44,800 shares, and a transaction amount of 29.84 million yuan [1]. - The company is expected to have daily related transactions amounting to 2.286 billion yuan in 2026, with nearly 100% of these transactions involving the Sinopec system [5]. Group 2: Management and Strategy - The company acknowledges the "pain of transformation" as a necessary process for upgrading and improving quality, indicating a focus on industry transformation [3]. - There are concerns regarding the overlap of business between Sichuan Meifeng and Sichuan Meiqing, with investors questioning the management's focus on the latter [2][3]. Group 3: Investor Relations - The company has received suggestions from investors regarding innovative strategies, such as a "buy stock and receive fertilizer" program, but has not implemented these ideas due to product characteristics and customer demographics [5]. - The management has been urged to consider the rapid development of smart robotics and flexible electronics, indicating potential areas for future investment or collaboration [5]. Group 4: Market Sentiment - On January 8, the net outflow of main funds was 1.8575 million yuan, while retail investors saw a net inflow of 1.5592 million yuan, reflecting mixed market sentiment towards the company's stock [6].

Core Viewpoint - Sichuan Meifeng (000731) is actively advancing its natural gas recovery projects, with significant updates expected in future announcements [1] Group 1: Project Updates - The company disclosed progress on the natural gas trial recovery project in Leshan Jingyan, which will be detailed in the announcement on December 12, 2024 [1] - The company is accelerating the implementation of the scattered gas recovery project in Yanjing District, Ziyang City [1] - Future major developments regarding these projects will be communicated through the company's announcements or periodic reports [1]

Group 1 - The company, Sichuan Meifeng (000731), confirmed that it strictly adheres to the relevant provisions of enterprise accounting standards for revenue recognition [1]

证券日报网讯 1月8日，四川美丰在互动平台回答投资者提问时表示，公司严格按照相关监管要求和 《公司章程》规定，对2026年度拟发生的日常关联交易事项进行预计，相关交易均为保证日常生产经营 所需（如采购原料天然气、销售产品、受托加工产品等），交易定价遵循市场公允原则，审议程序依法 合规，不存在损害公司和全体股东利益的情形。公司相关业务的开展均严格遵照公司内控流程和管理制 度规定。 （文章来源：证券日报） ...

Group 1 - The core viewpoint of the article is that Sichuan Meifeng (000731) clarified its current sales focus on liquid ammonium nitrate, which is primarily used in the production of potassium nitrate and the civil explosives industry, and does not involve customers in the rare earth production sector [1] Group 2 - The company responded to investor inquiries on its interactive platform regarding its product applications [1] - The liquid ammonium nitrate sold by the company is specifically aimed at two industries: potassium nitrate production and civil explosives [1] - There is no involvement of the company in supplying to the rare earth production industry [1]

Core Viewpoint - Sichuan Meifeng (000731.SZ) primarily sells liquid ammonium nitrate for the production of potassium nitrate and in the civil explosives industry, with no involvement in supplying customers for rare earth production [1] Group 1 - The company currently focuses on the production of liquid ammonium nitrate [1] - The main applications of the liquid ammonium nitrate are in potassium nitrate production and the civil explosives sector [1] - There is no engagement with customers in the rare earth production industry [1]

Core Viewpoint - Sichuan Meifeng Chemical Co., Ltd. is preparing for significant related party transactions in 2026, with a total estimated amount of approximately 228,636.20 million yuan, which will require shareholder approval [3][5]. Trading Information Summary - As of December 26, 2025, Sichuan Meifeng's stock closed at 6.6 yuan, down 0.15%, with a turnover rate of 0.59%, a trading volume of 32,500 shares, and a transaction amount of 21.5148 million yuan [1]. - On the same day, the main funds experienced a net outflow of 1.7632 million yuan, while retail investors saw a net outflow of 273,100 yuan, and speculative funds had a net inflow of 2.0364 million yuan [4]. Company Announcement Summary - The 11th Board of Directors held a meeting on December 26, 2025, where they approved the proposal for the estimated related party transactions for 2026, which involves transactions with Sinopec-controlled enterprises and other related parties [2][4]. - The company plans to revise its Articles of Association due to the completion of share repurchase and cancellation, changing the registered capital from 558,829,131 yuan to 548,825,900 yuan [3][5]. - The first temporary shareholders' meeting for 2026 is scheduled for January 22, 2026, to review the related party transaction proposal and the revision of the Articles of Association [3][6]. Related Party Transactions - The estimated total for related party transactions in 2026 is approximately 228,636.20 million yuan, primarily involving procurement, sales, processing, and leasing transactions with Sinopec-controlled enterprises and Sichuan Meiqing Chemical [5]. - The pricing for these related party transactions will follow market principles and will not affect the company's independence [5]. Revision of Articles of Association - The revision of the Articles of Association includes changes to the registered capital and the addition of new responsibilities for the Board of Directors regarding risk management, internal control, and legal compliance [5][6]. - The revised Articles of Association will require special resolution approval at the shareholders' meeting to take effect [5]. Information Disclosure Management - Sichuan Meifeng has established a management system for the deferral and exemption of information disclosure, allowing for certain confidential information to be withheld under specific conditions [6].

（编辑 丛可心） 证券日报网讯 12月26日，四川美丰发布公告称，公司第十一届董事会第五次会议审议通过《关于公司 2026年度日常关联交易预计的议案》《关于修订〈公司章程〉的议案》《关于制定公司〈信息披露暂 缓、豁免管理制度〉的议案》等多项议案，并决定召开2026年第一次临时股东会。 ...