Market Overview - On September 25, the chemical fiber sector declined by 0.81%, with Shennma Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Stock Performance - Notable gainers included Tianfulong, which rose by 5.52% to a closing price of 46.64, and Anhui Wuhua High-tech, which increased by 3.00% to 5.83 [1] - Conversely, Shennma Co., Ltd. fell by 2.71% to 10.05, and Jilin Chemical Fiber dropped by 2.50% to 4.29 [2] Trading Volume and Value - Tianfulong had a trading volume of 118,900 shares and a transaction value of 549 million yuan [1] - Jilin Chemical Fiber recorded a trading volume of 1,161,600 shares with a transaction value of 504 million yuan [2] Capital Flow - The chemical fiber sector experienced a net outflow of 168 million yuan from institutional investors, while retail investors saw a net inflow of 82.31 million yuan [2] - The main capital inflow was observed in Anhui Wuhua High-tech, with a net inflow of 45.71 million yuan from institutional investors [3] Individual Stock Capital Flow - Tianfulong had a net outflow of 8.72 million yuan from retail investors, despite a net inflow of 25.46 million yuan from institutional investors [3] - Jilin Chemical Fiber saw a significant net outflow of 75.83 million yuan from retail investors [3]

Market Overview - On September 18, the chemical fiber sector declined by 0.91%, with Hengshen New Materials leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Notable gainers in the chemical fiber sector included: - Suzhou Longjie: closed at 14.74, up 5.59% with a trading volume of 241,700 shares and a turnover of 365 million yuan [1] - Juhe Shun: closed at 12.42, up 2.48% with a trading volume of 253,000 shares and a turnover of 319 million yuan [1] - Major decliners included: - Hengshen New Materials: closed at 6.01, down 4.91% with a trading volume of 260,800 shares and a turnover of 160 million yuan [2] - Huanwei High-tech: closed at 5.76, down 3.68% with a trading volume of 693,900 shares and a turnover of 408 million yuan [2] Capital Flow - The chemical fiber sector experienced a net outflow of 26.31 million yuan from institutional investors, while retail investors saw a net outflow of 44.93 million yuan [2] - Conversely, speculative funds recorded a net inflow of 71.24 million yuan [2] Individual Stock Capital Flow - Suzhou Longjie had a net inflow of 74.31 million yuan from institutional investors, but a net outflow of 40.77 million yuan from retail investors [3] - Nanjing Chemical Fiber saw a net inflow of 39.95 million yuan from institutional investors, with a significant net outflow of 44.97 million yuan from retail investors [3] - Huaxi Co. recorded a net inflow of 23.89 million yuan from institutional investors, while retail investors had a net outflow of 29.40 million yuan [3]

证券日报网讯 9月17日晚间，华西股份发布2025年半年度分红派息实施公告称，公司2025年半年度利润 分配方案为每10股派0.20元人民币现金（含税），股权登记日为2025年9月24日，除权除息日为2025年9 月25日。 （文章来源：证券日报） ...

Group 1 - The company Huaxi Co., Ltd. announced a profit distribution plan, distributing a cash dividend of 0.2 yuan (including tax) for every 10 shares to all shareholders, with the record date set for September 24, 2025 [1] - The company will not issue bonus shares or convert capital reserves into share capital in this distribution [1] - For the first half of 2025, Huaxi's revenue composition was 95.56% from textile chemical fibers, 4.37% from storage and transportation, and 0.07% from other businesses [1] Group 2 - As of the report date, Huaxi Co., Ltd. has a market capitalization of 6.9 billion yuan [1]

证券代码：000936 证券简称：华西股份 公告编号：2025-046 江苏华西村股份有限公司 2025 年半年度分红派息实施公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、股东会审议通过利润分配方案的情况 1、2025 年 5 月 23 日，江苏华西村股份有限公司（以下简称"公司"）2024 年度股东会审议通过了《关于授权董事会制定 2025 年中期分红方案的议案》，同 意授权公司董事会在符合中期分红的前提条件下制定具体的中期分红方案。 3、公司现有总股本 886,012,887 股，自上述分配方案披露至实施期间股本 总额未发生变化。 4、本次实施的分配方案与董事会审议通过的分配方案一致，符合公司 2024 年度股东会审议通过的《关于授权董事会制定 2025 年中期分红方案的议案》相 关要求，无需再提交股东会审议。 5、本次实施分配方案距离董事会审议通过的利润分配方案时间未超过两个 月。 二、本次实施的利润分配方案 本公司 2025 年半年度权益分派方案为：以公司现有总股本 886,012,887 股 为基数，向全体股东每 10 股派 0.20 元 ...

Core Viewpoint - Huaxi Co., Ltd. is progressing its chemical fiber expansion project according to the established plan, with all indicators meeting expected targets [2] Company Summary - The company has confirmed that its chemical fiber expansion project is on track and progressing as planned [2] - All performance indicators related to the project have reached the anticipated goals [2]

（文章来源：证券日报） 证券日报网讯华西股份9月16日在互动平台回答投资者提问时表示，公司董事会战略委员会由吴协恩先 生、薛健先生、承军先生三人组成。 ...

（文章来源：证券日报） 证券日报网讯华西股份9月16日在互动平台回答投资者提问时表示，公司本届董事会成员任期至2026年 11月2日，届时请关注公司在法定信息披露媒体上发布的相关公告。 ...

Core Viewpoint - Jiangsu Huaxi Village Co., Ltd. is undergoing a significant equity acquisition process, with the Jiangyin Municipal Government's State-owned Assets Supervision and Administration Office (SASAC) indirectly controlling 38.61% of the shares through a series of equity transfers and restructuring efforts aimed at optimizing state-owned capital layout and promoting high-quality development in the region [3][5][6]. Group 1: Acquisition Overview - The acquisition involves the transfer of 51% equity of Ningxiu Construction from Huashi Comprehensive Service Center to Jiangyin SASAC, allowing the latter to control 82,129,483 shares of Huaxi Co., representing 9.27% of the total share capital [5]. - The acquisition does not change the direct controlling shareholder or actual controller of Huaxi Co., which remains Huaxi Group and Jiangyin SASAC, respectively [6][9]. - The acquisition is in compliance with the regulations that exempt it from triggering a mandatory tender offer [5]. Group 2: Compliance and Reporting - The financial advisor confirms that all necessary reporting and disclosure obligations related to the acquisition have been fulfilled by the acquirer and the listed company [6][10]. - The acquirer has provided commitments to maintain the independence of the listed company, avoid competition, and reduce related party transactions [6]. Group 3: Business Operations and Changes - During the supervision period, there have been no significant changes in the main business operations of the listed company [7]. - The company has approved the transfer of shares in a subsidiary, Solstice Optoelectronics, totaling 65,496,500 shares for a total consideration of $20,026.86 million, which is currently in progress [7]. - There have been no major asset sales, mergers, or joint ventures during this period, and the company has not engaged in significant asset purchases or swaps [7]. Group 4: Governance and Management - The company has undergone changes in its board and management personnel, including the election of a new employee director and the resignation of several supervisory board members [8]. - The company has revised its articles of association and governance rules to align with regulatory requirements and operational needs [8]. - There have been no significant changes in employee hiring or dividend policies during the supervision period [9]. Group 5: Summary of Continuous Supervision - The financial advisor concludes that Jiangyin SASAC has complied with all reporting and operational requirements during the acquisition process, with no violations of public commitments identified [10].

关于江苏华西村股份有限公司 江苏华西村股份有限公司收购报告书之 2025 年第二季度持续督导意见 国联民生证券承销保荐有限公司 收购报告书 之 2025 年第二季度 持续督导意见 财务顾问 中国（上海）自由贸易试验区浦明路 8 号 签署日期：二〇二五年九月 江苏华西村股份有限公司收购报告书之 2025 年第二季度持续督导意见 声 明 国联民生保荐接受信息披露义务人江阴市人民政府国有资产监督管理办公 室的委托，担任其收购江苏华西村股份有限公司股权之财务顾问。根据《上市公 司收购管理办法》第六十九条、第七十一条、《上市公司并购重组财务顾问业务 管理办法》第三十一条等有关规定，持续督导期自上市公司公告收购报告书之日 起至本次权益变动完成后 12 个月止。 华西股份于 2025 年 8 月 29 日披露了 2025 年半年度报告，通过日常沟通和 审慎核查，结合华西股份 2025 年半年度报告及其他相关公告，国联民生保荐出 具本持续督导意见。 本财务顾问特别提醒投资者注意，本持续督导意见不构成对上市公司的任何 投资建议；投资者根据本持续督导意见所做出的任何投资决策而产生的相应风 险，本财务顾问不承担任何责任。 本财务顾 ...