Market Overview - The refining and trading sector increased by 0.42% compared to the previous trading day, with Yueyang Xingchang leading the gains [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Stock Performance - Yueyang Xingchang (000819) closed at 17.98, up 3.39% with a trading volume of 120,100 shares and a turnover of 214 million yuan [1] - Shanghai Petrochemical (600688) closed at 2.82, up 1.81% with a trading volume of 964,800 shares and a turnover of 271 million yuan [1] - Other notable stocks include Baoli International (300135) at 4.27, up 1.67%, and Shenyang Chemical (000698) at 4.35, up 1.16% [1] Capital Flow - The refining and trading sector experienced a net outflow of 128 million yuan from institutional investors, while retail investors saw a net inflow of 59.4 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are entering the market [2] Individual Stock Capital Flow - China Petroleum (601857) had a net inflow of 145 million yuan from institutional investors, but saw net outflows from both retail and speculative investors [3] - Guanghui Energy (600256) experienced a net inflow of 41 million yuan from institutional investors, while also facing outflows from speculative and retail investors [3] - Yueyang Xingchang (000819) had a net inflow of 29 million yuan from institutional investors, but also saw outflows from speculative and retail investors [3]

岳阳兴长关于参加2025年湖南辖区上市公司投资者网上集体接待日活动的公告 证券代码：000819 证券简称：岳阳兴长 公告编号：2025-045 岳阳兴长石化股份有限公司 关于参加2025年湖南辖区上市公司 投资者网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，岳阳兴长石化股份有限公司（以下简称 "公司"）将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络有限公 司联合举办的"资本聚三湘，楚光耀新程－2025 年湖南辖区上市公司投资者网 上集体接待日"活动，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP， 参与本次互动交流，活动时间为 2025 年 9 月 19 日（星期五）15:40-17:00。届 时公司高管将在线就公司 2024 年至 2025 半年度业绩、公司治理、发展战略、经 营状况、融资计划、股权激励和可持续发展等投资者关心的问题，与投资者进行 沟通与交流 ...

关于部分限制性股票回购注销完成的公告 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： 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000819 证券简称：岳阳兴长 公告编号：2025-044 岳阳兴长石化股份有限公司 1、岳阳兴长石化股份有限公司（以下简称"公司"）本次完成回购注销限制性股票共计19.30万股，其 中，回购注销首次授予已获授但尚未解除限售的限制性股票6.30万股，回购价格为6.35元/股；回购注销 预留授予已获授但尚未解除限售的限制性股票13.00万股，回购价格为9.70元/股。涉及资金总额为 166.105万元，资金来源为公司自有资金。 2、公司已于2025年9月3日在中国证券登记结算有限责任公司深圳分公司办理完成了上述限制性股票的 回购注销手续。本次回购注销完成后，公司股份总数由369,697,506股变更为369,504,506股。 一、本激励计划已履行的相关审批程序和信息披露情况 1、2022年6月7日，公司召开第十五届董事会第十八次会议，审议通过《2022年限制性股票激励计划 （草案）及摘要》《2022年限 ...

证券日报网讯 9月4日晚间，岳阳兴长发布公告称，公司本次完成回购注销限制性股票共计19.30万股， 其中，回购注销首次授予已获授但尚未解除限售的限制性股票6.30万股，回购价格为6.35元/股；回购注 销预留授予已获授但尚未解除限售的限制性股票13.00万股，回购价格为9.70元/股。涉及资金总额为 166.105万元，资金来源为公司自有资金。公司已于2025年9月3日在中国证券登记结算有限责任公司深 圳分公司办理完成了上述限制性股票的回购注销手续。本次回购注销完成后，公司股份总数由369， 697，506股变更为369，504，506股。 （编辑 任世碧） ...

岳阳兴长石化股份有限公司 证券代码：000819 证券简称：岳阳兴长 公告编号：2025-044 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。 岳阳兴长关于部分限制性股票回购注销完成的公告 特别提示： 股票共计 19.30 万股，其中，回购注销首次授予已获授但尚未解除限售的限制性股 票 6.30 万股，回购价格为 6.35 元/股；回购注销预留授予已获授但尚未解除限售的限 制性股票 13.00 万股，回购价格为 9.70 元/股。涉及资金总额为 166.105 万元，资金 来源为公司自有资金。 理完成了上述限制性股票的回购注销手续。本次回购注销完成后，公司股份总数由 一、本激励计划已履行的相关审批程序和信息披露情况 年限制性股票激励计划（草案）及摘要》《2022 年限制性股票激励计划考核管理办 法》《关于提请股东大会授权董事会办理 2022 年限制性股票激励计划相关事项的议 案》《关于召开第六十三次（2021 年度）股东大会的议案》。 年限制性股票激励计划（草案）及摘要》《2022 年限制性股票激励计划考核管理办 法》《2022 年限制性股票激励计划激励对象 ...

岳阳兴长关于部分限制性股票回购注销完成的公告 证券代码：000819 证券简称：岳阳兴长 公告编号：2025-044 岳阳兴长石化股份有限公司 关于部分限制性股票回购注销完成的公告 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： 1、岳阳兴长石化股份有限公司（以下简称"公司"）本次完成回购注销限制性 股票共计 19.30 万股，其中，回购注销首次授予已获授但尚未解除限售的限制性股 票 6.30 万股，回购价格为 6.35 元/股；回购注销预留授予已获授但尚未解除限售的限 制性股票 13.00 万股，回购价格为 9.70 元/股。涉及资金总额为 166.105 万元，资金 来源为公司自有资金。 2、公司已于 2025 年 9 月 3 日在中国证券登记结算有限责任公司深圳分公司办 理完成了上述限制性股票的回购注销手续。本次回购注销完成后，公司股份总数由 369,697,506 股变更为 369,504,506 股。 一、本激励计划已履行的相关审批程序和信息披露情况 1、2022 年 6 月 7 日，公司召开第十五届董事会第十八次会议，审议通过《2022 ...

Core Viewpoint - The company reported a significant decline in revenue and net profit for the first half of 2025, primarily due to the downturn in the energy and chemical industry, influenced by falling international oil prices and domestic market conditions [1][2]. Financial Performance - In the first half of 2025, the company achieved total revenue of 1.529 billion yuan, a year-on-year decrease of 19.17%, and a net profit attributable to shareholders of -29 million yuan [1]. - In Q2 alone, the company recorded revenue of 466 million yuan and a net profit of -43 million yuan [1]. Industry Context - The energy and chemical sector faced significant pressure due to geopolitical factors and OPEC's increased production, leading to a 15.05% year-on-year decline in the average Brent crude oil price [2]. - Domestic gasoline prices also fell, with an average price of 8,339 yuan per ton, down 8.03% year-on-year, impacting related products like MTBE and industrial isooctane, which saw price drops of 18.56% and 6.35%, respectively [2]. Cost Management - The company experienced increased expense ratios in sales, management, finance, and R&D, with management expenses rising significantly due to maintenance activities [3]. - The net cash flow from operating activities was -104 million yuan, prompting the company to secure bank credit lines to manage liquidity [3]. Strategic Initiatives - The company is actively transitioning towards new materials and energy-saving industries, focusing on high-end polyolefins and other emerging sectors [4]. - A subsidiary resumed production of metallocene polypropylene after maintenance, aiming for profitability in Q4 and enhancing the resource utilization chain [4]. Profit Forecast - The company's performance is expected to improve with the new high-end polyolefin projects, with projected net profits of 56 million yuan, 105 million yuan, and 169 million yuan for 2025-2027 [5]. - The earnings per share (EPS) are forecasted to be 0.15, 0.28, and 0.46 yuan for the same period, with corresponding price-to-earnings (PE) ratios of 111.1, 59.4, and 36.8 [5].

Investment Rating - The report maintains an "Accumulate" investment rating for the company [9] Core Views - The company faced significant performance pressure in the first half of 2025, with total revenue declining by 19.17% year-on-year to 1.529 billion yuan, and a net profit attributable to shareholders of -29 million yuan [4][5] - The decline in performance is attributed to a downturn in the energy and chemical industry, influenced by falling international oil prices and domestic gasoline price reductions [5] - The company is actively pursuing a transformation towards new materials and energy-saving industries, with a focus on high-end polyolefins and other emerging sectors [7][8] Summary by Sections Market Performance - The company’s stock price is currently at 16.86 yuan, with a total market capitalization of 6.2 billion yuan and a 52-week price range of 13.39 to 20.72 yuan [1] Financial Performance - In the first half of 2025, the energy and chemical segment generated 768 million yuan in revenue, down 43.79% year-on-year, significantly impacting overall performance [5] - The company reported a net cash flow from operating activities of -104 million yuan due to losses, but managed to maintain a cash and cash equivalents balance of 273 million yuan through bank financing [6] Growth Strategy - The company is accelerating the construction of its second growth engine, aiming to establish a complete green propylene supply chain by the end of the year [7][8] - The high-end polyolefins project is expected to become a new core growth driver, with profit forecasts for 2025-2027 showing a gradual recovery in net profit from 56 million yuan to 169 million yuan [9][11] Earnings Forecast - The report forecasts net profits of 56 million yuan, 105 million yuan, and 169 million yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 0.15, 0.28, and 0.46 yuan [9][11]

岳阳兴长关于举办2025年半年度报告网上业绩说明会的公告 岳阳兴长石化股份有限公司（以下简称"公司"）于 2025 年 8 月 19 日在巨 潮资讯网披露《2025 年半年度报告》，为便于广大投资者更加全面深入地了解 公司经营业绩、发展战略等情况，公司定于 2025 年 8 月 28 日（星期四） 15:30-16:30 在"价值在线"（www.ir-online.cn）举办公司 2025 年半年度报 告业绩说明会，与投资者进行沟通和交流，广泛听取投资者的意见和建议。 一、说明会召开的时间、地点和方式 会议召开时间：2025 年 8 月 28 日（星期四）15:30-16:30 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 二、参加人员 | 付 锋先生 | 董事、总经理 | | --- | --- | | 邹海波先生 | 董事、副总经理、董事会秘书 | | 李国庆先生 | 独立董事 | | 李湘波先生 | 副总经理、财务负责人 | 三、投资者参加方式 投 资 者 可 于 2025 年 8 月 28 日 （ 星 期 四 ） 15:30-16:30 通 过 网 址 htt ...

Market Overview - The three major indices collectively rose, with the Shanghai Composite Index up by 0.35%, the Shenzhen Component Index up by 0.45%, and the ChiNext Index up by 0.21%. However, the North China 50 Index fell by 0.96% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 1.5912 trillion yuan, an increase of 56.2 billion yuan compared to the previous day. Over 2,500 stocks in the market experienced gains [1] Sector Performance - The cross-border payment, oil and gas exploration and services, and combustible ice sectors showed strong performance, while the PCB concept and liquid cooling server sectors experienced adjustments [2] - The cross-border payment sector was particularly strong, with companies such as Sanwei Xinan and New Morning Technology hitting the daily limit, along with Zhongyou Capital and Tianrongxin also reaching the daily limit [2] - The oil and gas exploration and services sector saw gains, with Huaiyou Co. hitting the daily limit [2] - The combustible ice sector performed well, with companies like Xinjing Power and Shenkai Co. rising over 8% [2] - Conversely, the PCB concept weakened, with Chongda Technology nearing the daily limit down [2] - The liquid cooling server sector also declined, with companies like Tenglong Co. and Jintian Co. hitting the daily limit down [2]