Core Viewpoint - Hongbaoli (002165) is currently in the technical transformation phase for its epoxy propylene facility, which has not yet commenced formal production. The pricing of products such as rigid foam polyether and isopropanol amine will fluctuate in accordance with the price changes of epoxy propylene [1] Group 1 - Epoxy propylene is a key raw material for polyurethane polyether and isopropanol amine [1] - The company's epoxy propylene facility is undergoing technical upgrades and has not yet started production [1] - Product pricing for rigid foam polyether and isopropanol amine will be influenced by the fluctuations in epoxy propylene prices [1]

（文章来源：证券日报） 证券日报网讯红宝丽11月20日在互动平台回答投资者提问时表示，公司在行业深耕多年，在技术创新、 质量控制、客户服务、生产制造、安全环保等方面处于行业引领地位，因此受到下游客户的广泛好评， 并因此建立了长期稳定的合作关系。公司秉持"做强、做大、做长"的发展路线，打造环氧丙烷-聚醚、 异丙醇胺及衍生物产业链，做大产业规模，提升公司质量，通过提升经营业绩、促进长远稳定发展来给 予回报。 ...

Group 1 - The company responded to an investor inquiry regarding the impact of rising prices of propylene oxide, polyurethane polyether, and isopropanolamine on its operations, indicating that generally, companies prefer price increases for their products [2] - Propylene oxide is a key raw material for polyurethane polyether and isopropanolamine, and the company's propylene oxide facility is currently undergoing technical upgrades and has not yet commenced formal production [2] - The pricing of hard foam polyether and isopropanolamine products will fluctuate in accordance with the price changes of propylene oxide [2]

Core Viewpoint - Hongbaoli (002165) stated on November 19 that the company will disclose shareholder information in its periodic reports according to regulations [1] Group 1 - The company engages with investors through an interactive platform to address inquiries [1] - The company emphasizes compliance with regulatory requirements regarding shareholder information disclosure [1]

证券代码：002165 证券简称：红宝丽 公告编号：临 2025－057 红宝丽集团股份有限公司 关于第一大股东、实际控制人减持公司股份计划期限届满暨实施 情况的公告 | 股东名称 | 减持方式 | 减持期间 | 减持均价 | 减持股数（万股） | 减持比例（%） | | --- | --- | --- | --- | --- | --- | | 宝源投资 | 集中竞价交易 | 2025.8.25 至 2025.8.27 | 9.426 | 170.7200 | 0.2322 | | | 合 计 | | 9.426 | 170.7200 | 0.2322 | 第一大股东江苏宝源投资管理有限公司及实际控制人芮敬功先生保证向本 公司提供的信息内容真实、准确、完整、无虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 红宝丽集团股份有限公司（以下简称"公司"或"红宝丽"）于 2025 年 7 月 19 日披露了《关于第一大股东、实际控制人减持公司股份的预披露公告》， 江苏宝源投资管理有限公司（以下简称"宝源投资"）计划以集中竞价交易方式 减持公司股份不超过 5,75 ...

Core Viewpoint - The company announced a share reduction plan by its largest shareholder and actual controller, which has been partially executed without exceeding the planned limits, ensuring no impact on corporate governance and control [1] Shareholder Reduction Plan - The largest shareholder, Baoyuan Investment, plans to reduce its holdings by up to 13.1054 million shares, accounting for no more than 1.7824% of the total share capital [1] - The actual controller, Rui Jinggong, intends to reduce his holdings by up to 1.6 million shares, representing no more than 0.2176% [1] Recent Share Reduction Activity - The reduction plan period has ended, and Baoyuan Investment reduced its holdings by 1.7072 million shares from August 25 to 27, which is 0.2322% of the total shares [1] - After the reduction, Baoyuan Investment holds 142.9268 million shares, which is 19.44% of the total [1] - Rui Jinggong did not execute any reduction and continues to hold 6.790314 million shares, representing 0.92% [1] Impact on Corporate Governance - The recent share reductions did not exceed the planned amounts and are not expected to affect the company's governance or control [1]

Group 1 - The epoxy propylene concept continues to rise, with Shida Shenghua hitting the daily limit up [1] - Companies such as Wanhua Chemical, Hongbaoli, Binhua Co., Weiyuan Co., Satellite Chemical, and Yonghe Co. also experienced gains [1]

Core Viewpoint - Hongbaoli's isopropanolamine series products have a total designed production capacity of 90,000 tons, with applications across various industries including cleaning agents, oil and gas refining, and pharmaceuticals [2] Group 1: Company Overview - The company has expanded its isopropanolamine product applications through technological innovation [2] - The total designed production capacity for isopropanolamine is 90,000 tons [2] Group 2: Industry Applications - Isopropanolamine is widely used in synthetic surfactants, high-end electronic cleaning agents, industrial and household cleaning agents, desulfurizers in oil and gas refining, pharmaceutical intermediates, pesticide intermediates, and metal cutting [2] - The product also finds applications in coatings and new energy sectors [2]

Core Insights - Hongbaoli (002165.SZ) released its Q3 2025 report on October 25, 2025, indicating a total of 1.73 billion shares held by institutional investors, accounting for 23.53% of the total share capital [1] Institutional Holdings - As of October 24, 2025, three institutional investors disclosed their holdings in Hongbaoli A-shares, with a total holding of 1.73 billion shares [1] - The institutional holding ratio decreased by 2.14 percentage points compared to the previous quarter [1] Public Fund Participation - Nine public funds were not disclosed in this period compared to the previous quarter, including Zhongzheng 2000, Jianxin Zhongzheng 1000 Index Enhanced A, and others [1] Foreign Investment Trends - One foreign fund, BARCLAYS BANK PLC, reduced its holdings by 0.18% compared to the previous quarter [1] - Several foreign institutions, including UBS AG and MORGAN STANLEY & CO. INTERNATIONAL PLC, were not disclosed in this period [1]

Core Insights - The company reported a revenue of 728,860,135.77 yuan for the third quarter of 2025, representing a year-on-year growth of 13.78% [1] - The net profit attributable to shareholders of the listed company was 13,072,391.15 yuan, showing a significant year-on-year increase of 57.96% [1] Financial Performance - Revenue for Q3 2025: 728.86 million yuan, up 13.78% year-on-year [1] - Net profit for Q3 2025: 13.07 million yuan, up 57.96% year-on-year [1]