苏豪弘业期货股份有限公司 董事会议事规则 （草案） 2025 年 9 月 29 日 经公司第五届董事会第六次会议审议通过 尚需经公司股东大会审议 1 第一章 总则 第一条 为了进一步明确苏豪弘业期货股份有限公司（以下称公司）董事会的职 权范围，规范董事会的议事方式和决策程序，促使董事和董事会有效地履行其职责， 提高董事会规范运作和科学决策水准，根据《中华人民共和国公司法》（以下称《公司 法》）、《中华人民共和国证券法》《中华人民共和国期货和衍生品法》《上市公司章程指 引》《上市公司治理准则》、公司股票上市地上市规则等境内外法律、法规、规范性文件及 《苏豪弘业期货股份有限公司章程》（以下称公司章程），制订本规则。 本规则应同时符合不时修改的公司股票上市地上市规则以及其他法律和法规。倘 若任何有关法律、法规、公司章程、公司股票上市地上市规则与本规则不一致、相 抵触或存在任何冲突时，应按从严原则，执行最严谨的条文。 第二条 董事会根据公司章程、《苏豪弘业期货股份有限公司股东会议事规则》 和股东会授予的职权，依法对公司进行经营管理，对股东会报告工作。董事会遵照 《公司法》、公司章程、本议事规则及其他有关法律法规及规范 ...

苏豪弘业期货股份有限公司 第一章 总则 第一条 为完善苏豪弘业期货股份有限公司（以下简称"公司"）法人治理 结构，为独立董事创造良好的工作环境，促进公司规范运行，根据《中华人民共 和国公司法》（以下简称"《公司法》"）、《上市公司独立董事管理办法》（以 下简称"《独董管理办法》"）、《期货公司董事、监事和高级管理人员任职管 理办法》《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》、《香港联合交易所有限公司证券上市规则》（以下简称"《香港上市规 则》"）等法律、法规及规范性文件的规定和《苏豪弘业期货股份有限公司章程》 （以下简称"《公司章程》"），制定本制度。 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及其主 要股东、实际控制人不存在直接或者间接利害关系，或者可能妨碍其进行独立客 观判断关系的董事。 本制度中"独立董事"的含义与《香港上市规则》中"独立非执行董事"的 含义一致。独立董事须同时符合《香港上市规则》要求的独立性。 第三条 独立董事对公司及全体股东负有诚信与勤勉义务。独立董事须按照 相关法律法规、监管规定、股票上市地证券交易所业务规则和《公司章程》的要 求， ...

苏豪弘业期货股份有限公司 股东会议事规则 （草案） 本规则应同时符合不时修改的《香港联合交易所有限公司证券上市规则》（以 下称《香港上市规则》）以及其他法律和法规。倘若任何有关法律、法规、公司 章程、公司股票上市地上市规则与本规则不一致、相抵触或存在任何冲突时，应 按从严原则，执行最严谨的条文。 第二条 本规则适用于股东会，对公司、全体股东、股东授权代理人（以下 称代理人）、公司董事、总经理和其他高级管理人员、列席股东会会议的人员具 有约束力。 第三条 股东会由公司全体股东组成，依法行使法律、行政法规、规范性文 件及公司章程规定的各项职权，任何单位和个人均不得非法干涉股东对自身权利 的处分。 第四条 出席股东会的股东及代理人，应当遵守有关法律、法规、公司章程 及本规则的规定，自觉维护会议秩序，不得侵犯其他股东的合法权益。 第五条 公司应当严格按照法律、行政法规、公司章程及本规则的相关规定 召开股东会，保证股东能够依法行使权利。 2025 年 9 月 29 日 经公司第五届董事会第六次会议审议通过 尚需经公司股东大会审议 1 第一章 总则 第一条 为了维护全体股东的合法权益，规范苏豪弘业期货股份有限公司（以 下 ...

证券代码：001236 证券简称： 公告编号：2025-049 苏豪弘业期货股份有限公司（以下简称"公司"、"弘业期货"）于 2025 年 9 月 29 日召开第五届董事会第六次会议，审议通过了《关于修订<公司章程>及其附件的议 案》，该议案尚需提交公司股东大会审议。现将相关情况公告如下： 根据《公司法》《上市公司章程指引》等相关法律法规、规范性文件的最新规定， 公司拟对《公司章程》进行修订，"股东大会"统一修改为"股东会"，"审核委员会" 整体更名为"审计委员会"等，以及其他非实质性修订，如相关章节、条款及交叉引用 所涉及序号根据上述内容做的相应调整等，因本次修订所涉及的条目较多，在不涉及其 他修订的前提下，不再逐项列示，现行《股东大会议事规则》《董事会议事规则》涉及 相关条款内容的，根据《公司章程》修订后的内容同步调整。 本次《公司章程》及其附件的修订对照表详见本公告附件，修订后的《公司章程（草 案）》《股东会议事规则（草案）》《董事会议事规则（草案）》全文详见同日刊登在 巨潮资讯网（http://www.cninfo.com.cn）的披露文件。 特此公告。 1 苏豪弘业期货股份有限公司董事会 2025 ...

证券代码：001236 证券简称： 公告编号：2025-048 苏豪弘业期货股份有限公司 第五届监事会第五次会议决议公告 一、会议召开情况 苏豪弘业期货股份有限公司（以下简称"本公司"、"公司"）于2025年9月29日以 通讯方式召开了第五届监事会第五次会议，本次会议通知已于2025年9月25日以电子邮件 等通讯方式发出。本次会议应出席监事3人，实际出席3人，部分高管列席会议。会议由监 事会主席黄东彦主持，会议的召开符合《中华人民共和国公司法》《深圳证券交易所股票 上市规则》等有关法律法规和《苏豪弘业期货股份有限公司章程》的规定。 二、会议表决情况 （一）会议审议通过了《关于修订<公司章程>及其附件的议案》。 根据相关法律法规的规定，结合公司实际情况，公司拟将"股东大会"整体更名为" 股东会"，"审核委员会"整体更名为"审计委员会"等，并对现行的《公司章程》《股 东大会议事规则》及《董事会议事规则》进行修订。将董事会人数由7人调整为8人，其中 独立董事3人保持不变，非独立董事由4人调整为5人，5名非独立董事中有1名为职工代表 董事。 具体内容详见本公司同日披露在巨潮资讯网（http://www.cninfo. ...

证券代码：001236 证券简称： 公告编号：2025-047 苏豪弘业期货股份有限公司 第五届董事会第六次会议决议公告 二、董事会会议审议情况 经审议，本次会议表决形成如下决议： （一）会议审议通过了《关于修订<公司章程>及其附件的议案》。 根据相关法律法规的规定，结合公司实际情况，公司拟将"股东大会"整体更名为" 股东会"，"审核委员会"整体更名为"审计委员会"等，并对现行的《公司章程》《股 东大会议事规则》及《董事会议事规则》进行修订。将董事会人数由7人调整为8人，其中 一、董事会会议召开情况 苏豪弘业期货股份有限公司（以下简称"本公司"或"公司"）于2025年9月29日在 公司会议室以现场结合通讯会议方式召开了第五届董事会第六次会议。提议召开本次会议 的通知已于2025年9月25日以电子邮件方式发出，全体董事一致同意豁免本次会议通知时 限。会议由董事长储开荣先生主持，本次会议应出席董事7人，实际出席7人，其中通讯出 席4人（薛炳海先生、蒋海英女士、卢华威先生、张洪发先生以通讯方式参加会议），监 事及部分高管列席会议。会议召开符合《中华人民共和国公司法》《深圳证券交易所股票 上市规则》等有关法律法规和《 ...

第1笔成交价格为10.04元，成交20.00万股，成交金额200.80万元，溢价率为-10.83%，买方营业部为中 信建投证券股份有限公司北京望京证券营业部，卖方营业部为方正证券股份有限公司上海浦东新区成山 路证券营业部。 9月29日，弘业期货收涨2.64%，收盘价为11.26元，发生2笔大宗交易，合计成交量40万股，成交金额 401.6万元。 第2笔成交价格为10.04元，成交20.00万股，成交金额200.80万元，溢价率为-10.83%，买方营业部为机 构专用，卖方营业部为方正证券股份有限公司上海浦东新区成山路证券营业部。 来源：新浪证券-红岸工作室 进一步统计，近3个月内该股累计发生17笔大宗交易，合计成交金额为4333.3万元。该股近5个交易日累 计下跌1.05%，主力资金合计净流出1821.17万元。 ...

Report Summary 1. Report Industry Investment Rating No information provided regarding the industry investment rating. 2. Core Viewpoints - For industrial silicon, the supply is expected to decrease while the demand is strong, with overall supply - demand conditions improving. However, due to the approaching end of pre - holiday restocking and weakening market sentiment, the futures price has declined. Attention should be paid to the start - up rates in the north and south regions and the start - up rate of polysilicon [5][6]. - For polysilicon, there is an increase in supply and weak demand, with a growing risk of inventory accumulation. Market sentiment is gradually weakening, and it is expected to maintain range - bound trading in the short term. The price transmission in the industrial chain should be monitored [7]. 3. Summary by Related Catalogs Industrial Silicon - **Price**: As of September 26, 2025, the spot price of Xinjiang industrial silicon 553 oxygen - blown was 9000 yuan/ton, up 200 yuan/ton from last week; the futures price of the main contract closed at 8960 yuan/ton [5][10]. - **Supply**: Xinjiang's production is stable with a small amount of restarts next week; the start - up rate in the northwest is basically stable; Yunnan's start - up rate is stable overall, and the electricity price will increase in October; Sichuan's production is basically flat, and a reduction is expected in late October. Overall, this week's production is basically stable [5]. - **Demand**: The start - up rate of polysilicon has increased slightly, and the demand for silicon powder orders from silicon material enterprises has been released. The production of silicon materials in October is expected to remain high, strongly supporting the demand for industrial silicon. The start - up of organic silicon has fluctuated slightly, and the demand for industrial silicon has remained stable. The start - up rate of aluminum alloy enterprises is basically stable, and pre - holiday restocking has increased. In August, the export of industrial silicon was 76,600 tons, a month - on - month increase of 3.51% and a year - on - year increase of 18.21% [5]. - **Cost**: The cost of industrial silicon has remained stable this week [5]. - **Inventory**: As of September 25, the national social inventory of industrial silicon was 543,000 tons, the same as last week [6]. - **Spread**: As of September 26, 2025, the spread between Yunnan industrial silicon 553 oxygen - blown and 421 oxygen - blown was 400 yuan/ton, down 100 yuan/ton from last week; the spread between Xinjiang industrial silicon 553 oxygen - blown and 421 oxygen - blown was 300 yuan/ton, up 100 yuan/ton from last week [14]. Polysilicon - **Price**: As of September 26, 2025, the spot price of N - type dense material was 50,000 yuan/ton, the same as last week; the futures price of the main contract closed at 51,465 yuan/ton [7][19]. - **Supply**: The start - up of polysilicon has increased slightly this week. In October, the production plan shows that the production cut of silicon material enterprises is less than expected, and the overall output may exceed expectations [7]. - **Demand**: Downstream crystal - pulling enterprises are mostly in a wait - and - see mode before the holiday. In August, the newly installed photovoltaic capacity hit a new low this year, and the Q4 downstream demand needs to be tracked. In August, the import volume of polysilicon was 1005.6 tons, a month - on - month decrease of 14%; in July, the export was 299.2 tons, a month - on - month increase of 40% [7]. - **Cost**: The cost of polysilicon has remained stable this week [7]. - **Inventory**: The inventory is on the rise, and the procurement rhythm of crystal - pulling factories has slowed down [7]. - **Spread**: As of September 26, 2025, the premium of N - type dense material over P - type dense material was 17,000 yuan/ton, the same as last week; the premium of N - type dense material over P - type cauliflower material was 19,500 yuan/ton, the same as last week [24]. Cost - **Silicon Coal and Silica**: As of September 26, 2025, the delivered price of Ningxia silicon coal was 1130 yuan/ton, up 30 yuan/ton from last week; the delivered price of Xinjiang silicon coal was 1600 yuan/ton, up 100 yuan/ton from last week. The delivered price of Hubei silica was 340 yuan/ton, the same as last week; the delivered price of Xinjiang silica was 320 yuan/ton, down 10 yuan/ton from last week; the delivered price of Yunnan silica was 290 yuan/ton, down 10 yuan/ton from last week [28]. - **Other Costs**: The price of Shandong Port Saudi petroleum coke was 1355 yuan/ton, the same as last week. The electricity prices in Xinjiang, Sichuan, and Yunnan remained unchanged from last week. The price of Yunnan wood chips and charcoal, as well as the price of Jiangsu high - power graphite electrodes, remained stable [31][35]. Downstream - **Silicon Wafers**: As of September 26, 2025, the average prices of N - type M10 - 182(130µm), N - type G10L - 183.75(130µm), N - type G12R - 210R(130µm), and N - type G12 - 210(130µm) were 1.35, 1.325, 1.4, and 1.7 yuan/piece respectively, with some prices rising slightly from last week. The price of 210RN has adjusted back to 1.4 yuan/piece [38]. - **Batteries**: As of September 26, 2025, the prices of M10 single - crystal TOPCon, G10L single - crystal TOPCon, G12R single - crystal TOPCon, and G12 single - crystal TOPCon were 0.32, 0.32, 0.29, and 0.305 yuan/watt respectively, with some prices rising slightly from last week. The prices of some distributed products have declined, while the prices of centralized products have rebounded [42][45]. Organic Silicon - As of September 26, 2025, the price of organic silicon DMC in East China was 11,000 yuan/ton, the same as last week. The start - up of organic silicon has decreased slightly, and the demand for industrial silicon has remained relatively stable [49]. Aluminum Alloy - As of September 26, 2025, the price of Shanghai aluminum alloy ingot ADC12 was 20,500 yuan/ton, the same as last week. The start - up of aluminum alloy enterprises is basically stable, and pre - holiday restocking has increased [53].

Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core View The overall supply of iron ore is gradually increasing, with the global shipment rebounding, an increase in Australian and non - mainstream ore shipments, a slight decrease in Brazilian ore, and a slight decline in domestic ore production. On the demand side, the hot metal output continues to increase, but the pre - holiday restocking by steel mills is basically over, weakening the support for ore prices. Currently, the supply - demand contradiction of iron ore is not significant. However, as the pre - holiday market sentiment cools, the futures price has declined. After the holiday, attention should be paid to the recovery range of steel demand in the peak season. The strategy is range - bound trading. [5][6] 3. Summary by Related Content Price - Spot prices are oscillating downward [7] Mineral Powder Spread - The spread between PB powder and Super Special powder is oscillating at a low level [13] - The spread between PB powder and Macfarlane powder is oscillating at a low level [17] Futures Spread and Basis - The 1 - 5 spread fluctuates little, and the 01 basis oscillates at a low level [21] Relative Valuation - The steel - ore ratio oscillates at a low level, and the ore - coke ratio oscillates at a high level [28] Supply - Global shipments stop falling and rebound, and non - mainstream ore shipments stop falling and rebound. From September 22nd to 28th, the global iron ore shipment volume was 34.754 million tons, a week - on - week increase of 1.506 million tons [5][34] - Australian ore shipped to China stops falling and rebounds, while Brazilian ore shipments decline slightly. The Australian shipment volume was 20.28 million tons, a week - on - week increase of 1.0928 million tons; the Brazilian shipment volume was 8.193 million tons, a week - on - week decrease of 0.17 million tons [5][38] - FMG and BHP shipments to China increase slightly [43] - RT shipments to China stop falling and rebound, while VALE shipments decline [47] - The freight rate index rebounds slightly [51] - The 45 - port arrival volume is 23.605 million tons, a week - on - week decrease of 3.145 million tons [5] - The output of domestic iron concentrate decreases slightly. As of September 26th, the daily average output of iron concentrate from 186 mines nationwide was 478,500 tons, a week - on - week decrease of 29,000 tons, and the capacity utilization rate was 61.27%, a week - on - week decrease of 0.38% [5] Demand - The profit of steel mills' blast furnaces oscillates at a low level [67] - The profitability of steel mills declines, but the hot metal output rebounds slightly. On September 26th, the daily average hot metal output was 2.4236 million tons, a week - on - week increase of 0.0134 million tons [5][73] Inventory - The port inventory rebounds slightly, and the port throughput is at a high level. The inventory of imported ore in 45 ports increases slightly, and the number of ships at the port decreases by 3 to 99 [5][80] - The inventory of Australian ore stops falling and rebounds, and the inventory of Brazilian ore continues to rise [84] - The coarse powder inventory remains at a high level, and the lump ore inventory rebounds from a low level [91] - Steel mills' consumption is relatively high, and the inventory of imported ore rebounds significantly [98]

9月29日，弘业期货大宗交易成交40万股，成交额401.6万元，占当日总成交额的1.79%，成交价10.04 元，较市场收盘价11.26元折价10.83%。 ...