Financial Projections - The estimated net profit for 2025 is projected to be between -65 million to -50 million CNY, a decrease of approximately 202.97% to 179.21% compared to the previous year's profit of 63.13 million CNY [2]. - The estimated net profit after deducting non-recurring gains and losses is projected to be between -68 million to -53 million CNY, a decline of about 223.92% to 196.59% from the previous year's figure of 54.87 million CNY [2]. - The basic earnings per share is expected to be between -0.18 to -0.14 CNY, compared to 0.17 CNY in the previous year [2]. - The financial data presented is preliminary and will be detailed in the company's 2025 annual report, urging investors to make cautious decisions [5]. Operational Challenges - The production facilities of subsidiaries Huizhou Litop and Xinling Chemical were shut down for maintenance starting mid-April, significantly reducing operational time compared to the same period last year [3]. - The chemical industry is currently in a bottom adjustment phase, with multiple cost pressures affecting profitability, as key raw material prices, such as liquefied petroleum gas, have increased while product prices have not fully covered these cost increases [4]. - The company is actively responding to these challenges by optimizing product structure and improving operational efficiency, while closely monitoring industry cycles and market demand changes [4].

Core Viewpoint - The A-share market shows positive momentum with the Shanghai Composite Index closing at 4122.58 points, above the annual line, reflecting a slight increase of 0.14% [1] Group 1: Market Performance - The total trading volume of A-shares reached 27,165.07 billion yuan [1] - 120 A-shares have surpassed the annual line, indicating a bullish trend in the market [1] Group 2: Notable Stocks - Stocks with significant deviation rates include: - Teruisi (特瑞斯) with a deviation rate of 22.45% and a daily increase of 29.98% [1] - Qingyun Technology (青云科技) with a deviation rate of 17.76% and a daily increase of 20.00% [1] - Zhongbei Communication (中贝通信) with a deviation rate of 9.06% and a daily increase of 10.00% [1] - Other stocks with smaller deviation rates that have just crossed the annual line include: - Meiansen (梅安森) and Founder Securities (方正证券) [1]

Core Viewpoint - The company acknowledges investor concerns regarding its stock price and emphasizes its commitment to market value management and enhancing company quality and profitability [1] Group 1 - The company is focused on improving its quality and profitability to enhance investor returns [1] - The company is committed to conducting various investor relations activities to ensure that its market value reflects its true value [1] - The company is actively working to continuously improve its market capitalization [1]

Group 1 - The company acknowledges investors' concerns regarding its stock price and emphasizes the importance of market value management [2] - The company is committed to enhancing its quality and profitability while strengthening investor returns [2] - The company will continue to engage in various forms of investor relations activities to ensure that its market value reflects its true worth and is continuously improved [2]

Core Viewpoint - The company has announced a postponement of the board of directors' re-election to ensure continuity and stability in its operations [1]. Group 1: Announcement Details - The 16th board of directors of the company is set to complete its term on January 16, 2026 [1]. - The re-election process is still in preparation, leading to the decision to delay the board's re-election [1]. - The terms of the board's specialized committees and senior management will be extended accordingly until the re-election is completed [1]. Group 2: Operational Impact - The postponement of the board re-election will not affect the normal operations of the company [1]. - The current board members and senior management will continue to fulfill their responsibilities and obligations as per legal and regulatory requirements [1].

Group 1 - The company announced that the 16th board of directors will complete its term on January 16, 2026 [2] - The board's election is currently in preparation, and to ensure continuity and stability, the election process will be appropriately postponed [2] - The terms of the company's specialized committees and senior management will be extended accordingly [2]

岳阳兴长关于董事会延期换届的公告 证券代码：000819 证券简称：岳阳兴长 公告编号：2026-001 岳阳兴长石化股份有限公司 关于董事会延期换届的公告 1 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。 岳阳兴长石化股份有限公司（以下简称"公司"）第十六届董事会将于 2026 年 1 月 16 日任期届满。鉴于公司董事会换届选举尚在积极筹备中，为确保董事会 工作的连续性和稳定性，公司董事会换届选举工作将适当延期，公司董事会各专门 委员会及公司高级管理人员的任期相应顺延。 在公司董事会换届选举工作完成之前，公司第十六届董事会全体成员及高级管 理人员将依照法律、行政法规和《公司章程》的规定继续履行相应的职责和义务。 本次董事会延期换届不会影响公司的正常运营。公司将积极推进相关工作，尽快完 成换届选举并及时履行信息披露义务。 特此公告。 岳阳兴长石化股份有限公司董事会 二○二六年一月十五日 ...

Meeting Details - The shareholder meeting was held on December 29, 2025, at 15:30, with online voting available from 9:15 to 15:00 on the same day [3][4] - The meeting took place at the conference room on the third floor of the Yueyang Xingchang Building, Yueyang Avenue, Yueyang City [4] - The meeting was conducted in accordance with relevant laws and regulations, including the Company Law of the People's Republic of China and the rules of the Shenzhen Stock Exchange [4] Attendance - Some directors and senior management attended the meeting [5] - A witnessing lawyer was present to observe the proceedings [6] Resolutions and Voting Results - The meeting adopted a combination of on-site and online voting to review and approve several proposals [7] - The proposal to reappoint the accounting firm was approved [7] - The expected total amount for daily related transactions with the largest shareholder's affiliate for 2026 was agreed upon at 495,052 million [9] - The expected total amount for daily related transactions with Dongyue Chemical for 2026 was agreed upon at 50,443 million [9] - Amendments to the company's articles of association and governance rules were passed, requiring a special resolution with over two-thirds of the valid voting rights [10] Legal Opinion - The legal opinion provided by Zhejiang Tianche (Shenzhen) Law Firm confirmed that the meeting's procedures, qualifications of attendees, and voting processes complied with legal and regulatory requirements [11] Reference Documents - The resolutions from the 72nd (temporary) shareholder meeting and the legal opinion from Zhejiang Tianche (Shenzhen) Law Firm are available for review [12]

【经 2025 年 12 月 29 日公司第七十二次（临时）股东会审议通过】 第一章 总 则 第一条 为维护岳阳兴长石化股份有限公司(以下简称"公司")及公司股东的 合法权益，明确股东会的职责权限，保证股东会依法行使职权，提高股东会议事效 率，根据《中华人民共和国公司法》(以下简称"《公司法》")、《上市公司章程 指引》、《上市公司股东会规则》等相关法律、法规、规范性文件以及《岳阳兴长 石化股份有限公司章程》(以下简称"《公司章程》")，结合公司的实际情况制定 本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本规则。 岳阳兴长石化股份有限公司股东会议事规则 岳阳兴长石化股份有限公司 股东会议事规则 第三条 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。 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。 第四条 股东会应当在《公司法》和《公司章程》规定的范围内行使职权。 第五条 股东会分为年度股东会和临时股东会。年度股东会每年召开一次，应 当于上一会计年度结束后的 6 个月内举行 ...

岳阳兴长石化股份有限公司董事会议事规则 岳阳兴长石化股份有限公司 董事会议事规则 【经 2025 年 12 月 29 日公司第七十二次（临时）股东会审议通过】 第一章 总 则 第一条 为规范董事会议事方式与程序，提高董事会议事效率，保证董事会决 策的科学性，切实行使董事会的职权，根据《中华人民共和国公司法》《中华人民 共和国证券法》《上市公司治理准则》和《岳阳兴长石化股份有限公司章程》（以 下简称《公司章程》）的规定，制订本规则。 第二条 董事会对股东会负责，并依据国家有关法律、法规和《公司章程》行 使职权。 第三条 董事会会议是董事会议事的主要形式，董事按规定参加董事会会议是 履行董事职责的基本方式。 第四条 董事会设董事会秘书，对董事会负责。董事会秘书依据有关法律、法 规和《公司章程》规定的内容履行信息披露、会议筹备等工作职责。 第五条 本规则对公司全体董事具有约束力。 第二章 董 事 第六条 董事应当遵守法律、行政法规和本议事规则的规定，对公司负有忠实 义务，应当采取措施避免自身利益与公司利益冲突，不得利用职权牟取不正当利益。 董事对公司负有下列忠实义务： （一）不得侵占公司财产、挪用公司资金； （二） ...