Group 1 - The chemical sector is experiencing a pullback, with the chemical ETF (516020) showing a decline of 0.74% as of the report [1][2] - Key stocks in the sector, such as SanKe Tree and Guangdong Hongda, have seen declines exceeding 2%, while several others have dropped over 1%, negatively impacting the overall sector performance [1][2] - Current trends indicate that the supply-side reform in China's chemical industry may accelerate due to reduced capacity in Europe and a slowdown in new capacity expansion in China, potentially benefiting leading companies [1][3] Group 2 - Chinese chemical companies are solidifying their cost and efficiency advantages, with leading firms entering a long-term upward performance phase [3] - The chemical industry is currently operating at a relatively high capacity, with core product operating rates generally above 65%, which is more favorable compared to the oversupplied photovoltaic sector [3] - The chemical ETF (516020) is currently trading at a price-to-book ratio of 2.09, which is at a low point historically, suggesting a favorable long-term investment opportunity [3][4] Group 3 - The "anti-involution" trend is expected to be a key focus for the chemical supply-side narrative, with recommendations to pay attention to sectors with significant supply compression and leading companies [4] - The chemical ETF (516020) tracks the CSI segmented chemical industry index, covering various sub-sectors and concentrating nearly 50% of its holdings in large-cap leading stocks [4][5] - Investors can also consider the chemical ETF linked funds (A class 012537/C class 012538) for exposure to the chemical sector [5]

Group 1 - The chemical sector experienced a rise on August 13, with the chemical ETF (516020) reaching a peak intraday increase of 0.6% and closing up 0.45% [1] - Key stocks in the sector included SanKe Tree, which surged by 8.06%, and Shengquan Group and Lianhong Xinke, both rising over 4% [1] - The chemical ETF has seen significant net subscriptions, with over 310 million yuan in net inflows across 15 of the last 20 trading days [1][3] Group 2 - The chemical sector is responding to a call for "anti-involution," with the China Nonferrous Metals Industry Association advocating for better collaboration across the lithium industry [3] - Analysts believe that the "anti-involution" initiative could mark a turning point for the chemical sector, with recent high-level meetings emphasizing this goal [3][4] - The chemical industry currently has a relatively high operating rate, with core products operating above 65%, indicating a healthier competitive landscape compared to other sectors like photovoltaics [4] Group 3 - The chemical ETF (516020) is tracking a specialized index with a price-to-book ratio of 2.09, which is at a low point historically, suggesting a favorable long-term investment opportunity [4] - The industry faces challenges such as overcapacity and intensified competition, but recent policies aim to optimize industry structure and encourage consolidation [5] - The ETF provides exposure to major market leaders and various sub-sectors within the chemical industry, making it a strategic investment vehicle for capturing growth opportunities [5]

Group 1 - The company plans to change its financial statement and internal control audit institution for the year 2025 from Da Xin Certified Public Accountants to Tianzhi International Certified Public Accountants [1][2][3] - The change is in accordance with the requirements of the State-owned Assets Supervision and Administration Commission regarding the management rules for financial statement audits of central enterprises [3][16] - The audit committee and board of directors have no objections to the proposed change of the accounting firm [4][18] Group 2 - Tianzhi International Certified Public Accountants was established in December 1988 and has 90 partners and 1,097 registered accountants as of December 31, 2024 [5][6] - The firm reported a total audited revenue of 2.501 billion yuan for 2024, with audit service revenue of 1.938 billion yuan [7] - Tianzhi International has a history of no civil liability due to professional conduct in the past three years [9] Group 3 - The audit fee for the 2025 fiscal year is set at 3.42 million yuan, which includes 2.62 million yuan for annual report auditing and 800,000 yuan for internal control auditing [15] - The previous auditor, Da Xin Certified Public Accountants, provided standard unqualified opinions for the financial reports and internal control evaluations from 2019 to 2024 [16][18] Group 4 - The company plans to increase the expected amount of daily related transactions for 2025 with China Minmetals, China Salt Lake, and Sinochem Fertilizer due to actual business development needs [24][29] - The proposed increases in transaction limits are 264 million yuan, 977 million yuan, and 138 million yuan respectively [24] - The independent directors have unanimously agreed that the daily related transactions are necessary for normal business operations and do not harm the interests of the company and its shareholders [32][81]

Core Viewpoint - The company plans to change its financial statement and internal control audit institution for the year 2025 from DaXin Accounting Firm to TianZhi International Accounting Firm, following the relevant regulations from the State-owned Assets Supervision and Administration Commission [1][5]. Summary by Sections Announcement of Change - The company has appointed DaXin Accounting Firm as its financial report and internal control audit institution from 2019 to 2024, which provided standard unqualified audit opinions during this period [1][4]. - The change is in compliance with the regulations set forth by the State-owned Assets Supervision and Administration Commission regarding the management of financial statement audits [5]. Communication with Previous Auditor - The company has communicated thoroughly with DaXin Accounting Firm regarding the change, and there are no objections from them [2][5]. - The change requires approval from the company's shareholders' meeting, and both the previous and new auditors will cooperate according to the relevant auditing standards [2][5]. Information on the New Auditor - TianZhi International Accounting Firm was established in December 1988 and operates as a special general partnership [2]. - As of December 31, 2024, TianZhi has 90 partners and 1,097 registered accountants, with 399 having signed audit reports for the securities service industry [2]. - The firm has a revenue of 912 million yuan and serves 154 listed company clients across various industries [2]. Audit Committee and Board Approval - The Audit Committee of the company reviewed DaXin Accounting Firm and concluded that TianZhi International Accounting Firm meets the qualifications to provide audit services [5]. - The board of directors approved the proposal to appoint TianZhi International Accounting Firm for the 2025 financial audit and internal control audit, with a unanimous vote of 12 in favor [5][6]. Effective Date - The appointment of the new accounting firm will take effect upon approval by the shareholders' meeting [6].

证券代码：000792 证券简称：盐湖股份 公告编号： （二）关联交易履行的审议程序 2025-046 青海盐湖工业股份有限公司 关于增加 2025 年日常关联交易预计额度的公告 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、关联交易概述 （一）日常关联交易预计情况 青海盐湖工业股份有限公司（以下简称"公司"）九届董事会第九次会议和 （内容详见巨潮资讯网 2025 年 3 月 29 日《关于日常关联交易预计的公告》（公 告编号：2025-119））。 根据公司业务发展实际需求，2025 年与中国五矿、中国盐湖、中化化肥的 日常关联交易规模将超出前次审议额度。为保障主营业务持续稳定开展，确保与 上述关联方的合作顺应业务发展节奏、满足实际经营需要，依据公司关联交易相 关管理规定，拟对 2025 年度与三方的日常关联交易额度进行相应调整，具体增 加额度分别不超过 2.64 亿元、9.77 亿元、1.38 亿元。 此议案经公司第九届董事会第十二次（临时）会议、九届监事会第十次（临 时）会议审议通过，公司关联董事侯昭飞、王祥文、张铁华、陈胜男回避表决， 根据《公司 ...

Core Points - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations, with a registered capital of RMB 5,291,572,541 [2][3][8] - The company aims to enhance its core competitiveness by focusing on its main business and optimizing its asset structure while adhering to national development plans and industry policies [5][6][17] - The company is subject to supervision by relevant state-owned asset management units to ensure the effective execution of laws and regulations [3][4][5] Company Structure and Governance - The company is governed by a board of directors, with the chairman serving as the legal representative [4][10] - The company has a permanent existence as a joint-stock limited company, and its articles of association are legally binding on the company, shareholders, directors, and senior management [5][6] - Shareholders are liable for the company's debts only to the extent of their subscribed shares, while the company is liable for its debts with all its assets [5][6] Investment and Business Operations - The company’s investment decisions must align with national economic strategies and should not exceed legal limits, ensuring scientific evaluation of expected investment returns [5][6][17] - The company is permitted to establish subsidiaries or branches domestically and internationally based on business needs, maintaining a parent-subsidiary structure [6][17] - The company’s business scope includes various activities such as fertilizer production, chemical products, and mining operations, subject to legal approvals [18][19] Share Issuance and Management - The company issues shares in a public, fair, and just manner, ensuring equal rights for all shares of the same category [8][11] - The total number of shares issued by the company is 5,291,572,541, all of which are ordinary shares [8][11] - The company may increase or decrease its registered capital based on shareholder resolutions and legal requirements [11][12] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, voting, and participation in company decisions, as well as obligations to comply with laws and the company’s articles of association [15][44] - The company must maintain transparency and provide shareholders with access to relevant documents and information [15][16] - Shareholders holding more than 3% of shares for over 180 days can request to inspect company records [39] General Meetings and Decision-Making - The company holds annual and extraordinary general meetings, with specific procedures for convening and notifying shareholders [53][54] - Decisions regarding significant matters such as capital increases, mergers, and amendments to the articles of association require shareholder approval [50][51] - The company ensures that all proposals for general meetings are clearly communicated to shareholders in advance [63][66]

Core Viewpoint - The article outlines the profit distribution management measures of Qinghai Salt Lake Industry Co., Ltd., aiming to establish a scientific, sustainable, and stable profit distribution mechanism while protecting investors' rights [1][2]. Profit Distribution Policy - The basic principles of the profit distribution policy include compliance with laws, balancing interests, market-oriented dividends, and the principle of equal benefits for shareholders [2][3]. - Profit distribution forms include cash, stock, or a combination of both, with a preference for cash distribution when conditions permit [4][5]. - The order of profit distribution includes covering previous losses, allocating statutory reserves, and potentially allocating discretionary reserves, with specific conditions for distribution [5][6]. Cash Dividend Policy - Cash dividends must meet specific conditions, including positive distributable profits, sufficient cash flow, and no major investment plans or cash expenditures exceeding certain thresholds [8][9]. - The company aims to distribute at least 10% of the smaller amount between consolidated distributable profits and parent company distributable profits annually, with a cumulative cash distribution of at least 30% of the average annual distributable profits over the last three years [9][10]. Decision-Making Mechanism - The profit distribution policy is subject to approval by the shareholders' meeting, with the board of directors and shareholders holding more than 3% of shares having the right to propose related matters [8][9]. - The board must consider the opinions of shareholders, especially minority investors, and provide detailed explanations for any failure to propose cash distributions in the annual report [9][10]. Supervision and Constraints - Independent directors can express opinions if they believe the cash dividend policy may harm the company or minority shareholders' interests [10]. - The audit committee monitors the execution of the cash dividend policy and compliance with decision-making procedures and information disclosure [10].

青海盐湖工业股份有限公司 董事会议事规则 （二〇二五年八月） 第一章 总则 第六条 公司董事为自然人，有《公司章程》第一百零四条情形 之一的，不能担任公司的董事。 第七条 非由职工代表担任的董事由股东会选举或更换，并可在 任期届满前由股东会解除其职务。董事任期三年，任期届满可连选连 任。 第一条 为维护公司及公司股东的合法权益，明确董事会的职责 与权限、议事程序，确保董事会的工作效率、科学决策、规范运作， 适应建立现代企业制度的需要，特制订本规则。 第二条 本规则根据《中华人民共和国公司法》（以下简称《公 司法》）《中华人民共和国证券法》（以下简称《证券法》）《深圳 证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运 作》和《公司章程》及其他现行有关法律、法规制定。 第三条 公司董事会及其成员除遵守《公司法》《证券法》等有 关法律、法规外，亦应遵守中国证券监督管理委员会（以下简称中国 证监会）、深圳证券交易所相关规定及《公司章程》和本规则的有关 规定。 第二章 董事会的组成 第四条 公司设董事会，对股东会负责。董事会行使法律规定的 职权，公平对待所有股东。 公司设立董事会办公室作为董事会常设工作机 ...

青海盐湖工业股份有限公司 股东会议事规则 （二〇二五年八月） 第一章 总则 第一条 为保证青海盐湖工业股份有限公司股东会能够依法行使 职权，根据《中华人民共和国公司法》 （以下简称"《公司法》"） 《中 华人民共和国证券法》 （以下简称" 《证券法》" ）《上市公司章程指引》 《上市公司股东会规则》等相关法律法规及《青海盐湖工业股份有限 公司章程》（以下简称"公司章程"）的规定，制定本规则。 第二条 公司应当严格按照法律、行政法规、本规则及《公司章 程》的相关规定召开股东会，保证股东能够依法行使权利。 （七）修改公司章程议事规则； 公司董事会应当切实履行职责，认真、按时组织股东会。公司全 体董事应当勤勉尽责，确保股东会正常召开和依法行使职权。 第二章 股东会的一般规定 第三条 公司股东会由全体股东组成。股东会是公司的权力机构， 依法行使下列职权： （一）选举和更换董事，决定有关董事的报酬事项； （二）审议批准董事会的报告； （三）审议批准公司的利润分配方案和弥补亏损方案； （八）对公司聘用、解聘承办公司审计业务的会计师事务所作出 决议； （九）审议批准公司章程第五十一条规定的担保事项； （四）对公司增加或者减 ...

盐湖股份（SZ 000792，收盘价：19.43元）8月12日晚间发布公告称，公司九届第十二次董事会会议于 2025年8月12日以通讯方式召开。会议审议了《关于修订〈青海盐湖工业股份有限公司章程〉的议案》 等文件。 2024年1至12月份，盐湖股份的营业收入构成为：制造业占比98.72%，其他业务占比1.05%，贸易业占 比0.23%。 （文章来源：每日经济新闻） ...