证券代码：002971 证券简称：和远气体 公告编号：2025-081 湖北和远气体股份有限公司 关于持股 5%以上股东减持计划时间届满 暨减持至 5%以下的权益变动提示性公告 持股5%以上的股东长江成长资本投资有限公司保证向本公司提供的信息 内容真实、准确、完整，没有虚假记载、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。 特别提示： 1、本次权益变动属于持股 5%以上股东长江成长资本投资有限公司（以下简 称"长江资本"）减持湖北和远气体股份有限公司（以下简称"公司"或"本公 司"）股份，不触及要约收购义务。本次权益变动后，长江资本持有公司股份 10,589,900 股，占公司总股本的 4.99995%。 2 、本次减持事项已按照相关规定进行了预披露，长江资本本次实际减持情 况与此前预披露的减持计划、减持意向一致，不存在违反已披露的减持计划及相 关承诺的情形。 2025 年 8 月 1 日，公司在巨潮资讯网（www.cninfo.com.cn）披露了《关于 持股 5%以上股东减持股份的预披露公告》（公告编号：2025-042）。股东长江 资本计划自该公告披露之日 ...

和远气体公告称，持股5%以上股东长江资本减持计划时间于2025年11月19日届满。其原计划自2025年8 月22日至11月19日，以集中竞价、大宗交易方式合计减持不超4,224,700股，占公司股份总数不超2%。 实际在2025年8-11月，长江资本通过集中竞价交易减持1,914,800股，占比0.9041%，未进行大宗交易减 持。减持后，长江资本持股10,589,900股，占总股本4.99995%，不再是公司5%以上股东，且本次减持不 影响公司控制权和持续经营。 ...

1. Report's Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The "package debt resolution plan" advanced its efforts, with two "500 billion" injections in succession, highlighting the policy approach of balancing debt resolution and development. The intensified proactive fiscal policy is expected to ease the liquidity pressure on local governments and urban investment enterprises [4][5]. - In Q3 2025, the issuance scale of urban investment bonds increased both year - on - year and quarter - on - quarter, and the net repayment scale narrowed significantly. The financing situation of key provinces improved marginally, and provincial and park - level urban investment entities turned into net inflows [4][8][9]. - In Q4, the maturity and repayment scale of urban investment bonds will decline, but considering the large total debt of urban investment enterprises, the interest payment pressure remains severe, and the repayment pressure on urban investment bonds in Q4 will not decrease. Attention should be paid to the liquidity pressure in regions with high concentrated repayment pressure and district - county - level urban investment enterprises [4][33]. - The powerful incremental debt resolution plan has achieved phased results, significantly reducing costs and accelerating the transformation of urban investment enterprises. Urban investment enterprises have entered a critical transition period from "debt resolution" to "transformation and quality improvement" [4][37]. 3. Summary by Relevant Catalogs Policy Environment - The "package debt resolution plan" advanced its efforts, with two "500 billion" injections, highlighting the policy approach of balancing debt resolution and development. The proactive fiscal policy was intensified, and the liquidity pressure on local governments and urban investment enterprises is expected to ease. The Ministry of Finance increased support for implicit debt resolution by using the debt resolution quota in advance. As of the end of October 2025, the special refinancing bonds for replacing implicit debt had a cumulative issuance of 1.993 trillion yuan, with a issuance progress of 99.67%. The issuance of special new special bonds accelerated significantly since May, with a cumulative issuance of 738.1 billion yuan in Q3, and the total issuance exceeded 1.2 trillion yuan by the end of September, exceeding the annual issuance target of 800 billion yuan [5]. - A new policy - based financial instrument of 500 billion yuan was established, which was fully used to supplement the capital of major projects. As of the end of October, all the funds had been invested, supporting more than 2,300 projects with a total investment of about 7 trillion yuan, mainly in digital economy, artificial intelligence, and other fields. It can relieve the project capital bottleneck caused by tight local finances and help some urban investment companies relieve capital pressure and expand financing channels [6]. - The central government allocated 500 billion yuan from the local government debt balance limit to local governments, an increase of 100 billion yuan compared with the previous year, and the scope was expanded. In addition to supplementing local government comprehensive financial resources and supporting debt resolution, it was also used for project construction in eligible economic provinces to support effective investment [7]. Review of the Urban Investment Bond Market Issuance Overview - In Q3, the issuance scale of urban investment bonds increased both year - on - year and quarter - on - quarter, and the net repayment scale narrowed significantly. The issuance of private placement bonds and ABS increased significantly, while the issuance of ultra - short - term financing bills and medium - term notes decreased significantly. The net repayment scale of inter - bank and exchange - traded products decreased significantly year - on - year. The issuance scale of urban investment bonds in Q3 was 1.26 trillion yuan, a year - on - year increase of 0.42% and a quarter - on - quarter increase of 17.38%, with a net repayment of 2.6007 billion yuan. The issuance scale of urban investment bonds of entities that declared themselves as market - oriented business entities accounted for 33.99%, and they achieved a net financing of 3.444 billion yuan. The early repayment scale of urban investment bonds in Q3 was about 453.6 billion yuan, with year - on - year and quarter - on - quarter increases of 3.65% and 4.10% respectively [8][9]. - In terms of issuance varieties, the issuance scale of exchange - traded products increased both year - on - year and quarter - on - quarter, mainly private placement bonds, with significant increases in private placement bonds and ABS. The issuance scale of inter - bank products decreased year - on - year, with significant declines in ultra - short - term financing bills and general medium - term notes of over 10%. The net repayment scale of the inter - bank and exchange markets decreased significantly year - on - year, with a decline of over 80% [11]. - Regionally, the issuance scale of non - key provinces increased both year - on - year and quarter - on - quarter, with a quarter - on - quarter increase of about 16%. The issuance scale of key provinces decreased year - on - year but increased significantly quarter - on - quarter, with a quarter - on - quarter increase of about 26%. The net repayment scale of both key and non - key provinces narrowed significantly. In non - key provinces, Zhejiang, Shanghai, and Guangdong had large net inflows, while Jiangsu had the largest net repayment scale of 45.09 billion yuan. In key provinces, except for Tianjin, Liaoning, Qinghai, and Inner Mongolia, other provinces had net repayments, and Chongqing had the largest net repayment scale of 9.293 billion yuan [13][15]. - In terms of credit ratings, the issuance of urban investment bonds was still dominated by AA + and AAA - rated entities, with high - level entities accounting for over 77%. The AAA - rated entities maintained a net inflow, and provincial and park - level entities turned into net inflows, while the net repayment scale of municipal and district - county - level entities narrowed [17][19]. - The issuance scale of ultra - long - term urban investment bonds further increased and was concentrated in high - quality entities in more economically developed regions. In key provinces, the issuance term structure of Guizhou and Yunnan improved. The issuance term of urban investment bonds was still mainly medium - and long - term, with bonds over 3 years accounting for over 55%. The issuance of ultra - long - term (10 years and above) urban investment bonds was 128 issues with a scale of 84.028 billion yuan, increasing both year - on - year and quarter - on - quarter. Non - key provinces were the main issuers of ultra - long - term urban investment bonds, with the issuers mainly in Shandong, Jiangsu, Zhejiang, and other economically developed provinces [20]. - In Q3, the issuance interest rate and spread of urban investment bonds fluctuated upward, but the spread center decreased quarter - on - quarter. The issuance spreads of some key provinces decreased significantly, but the spreads of Guizhou, Yunnan, and Guangxi remained high. Among non - key provinces, the spreads of Shandong, Xinjiang, and Henan were higher than the national average, and the credit differentiation intensified [23]. New Issuance Situation - In Q3, driven by the policy of balancing debt resolution and development, the number of issues and scale of newly issued bonds of urban investment entities increased both year - on - year and quarter - on - quarter. The newly issued entities showed the characteristic of "concentration on high - quality entities", mainly high - level entities in regions with strong economic and fiscal strength and industrial advantages such as Guangdong, Shanghai, and Zhejiang. The newly issued bonds were mainly invested in rural revitalization, green industries, and other fields. A total of 68 urban investment entities newly issued bonds, with 89 issues and a scale of 53.591 billion yuan [28][29]. Outlook - In Q4, the maturity and repayment scale of urban investment bonds will decline, but considering the large total debt of urban investment enterprises, the interest payment pressure remains severe, and the repayment pressure on urban investment bonds in Q4 will not decrease. Attention should be paid to the liquidity pressure in regions with high concentrated repayment pressure and district - county - level urban investment enterprises. The scale of outstanding urban investment bonds at the end of Q3 was about 13.36 trillion yuan. Assuming that all callable bonds are exercised, the maturity scale of urban investment bonds in Q4 2025 is 1.2 trillion yuan, a decrease of about 15% compared with Q4 2024 [33][35]. - The powerful incremental debt resolution plan has achieved phased results, significantly reducing costs and accelerating the transformation of urban investment enterprises. Urban investment enterprises have entered a critical transition period from "debt resolution" to "transformation and quality improvement". After the replacement of implicit debt with local government debt, the average interest cost of debt decreased by over 2.5 percentage points, saving over 450 billion yuan in interest payments. As of the end of June 2025, over 60% of financing platforms had exited. In the future, urban investment enterprises will be classified and disposed of in an orderly manner, and some financing platforms may be forced to accelerate their market - oriented transformation. Urban investment enterprises should explore substantial transformation paths based on their own conditions and regional resource endowments [37][38].

和远气体今日跌停，全天换手率7.98%，成交额4.61亿元，振幅11.10%。龙虎榜数据显示，机构净卖出 2078.96万元，营业部席位合计净卖出2715.35万元。 深交所公开信息显示，当日该股因日跌幅偏离值达-8.64%上榜，机构专用席位净卖出2078.96万元。 具体来看，今日上榜的营业部中，共有2家机构专用席位现身，即卖四、卖五，合计买入金额589.90万 元，卖出金额2668.86万元，合计净卖出2078.96万元。 资金流向方面，今日该股主力资金净流出2757.65万元，其中，特大单净流出2393.34万元，大单资金净 流出364.31万元。近5日主力资金净流入4190.65万元。（数据宝） 和远气体11月14日交易公开信息 | 买/卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 中信证券股份有限公司杭州凤起路证券营业部 | 1821.95 | 3.26 | | 买二 | 中信证券股份有限公司大连分公司 | 1495.62 | 43.75 | | 买三 | 中信建投证券股份有限公司深圳香梅路证券营业部 | 9 ...

11月11日，光大证券股份有限公司研究员赵乃迪、胡星月发布研报《和远气体：打造建设电子气体-化 学品集中生产基地新增产能持续放量》称，维持公司25-26年盈利预测，新增27年的盈利预测。预计25- 27年公司归母净利润分别为1.02/1.11/1.21亿元。我们看好公司电子气体-化学品集中生产基地的发展前 景，维持公司"增持"评级。 中国经济网北京11月14日讯和远气体（002971）(002971.SZ)今日跌停，收报35.21元，跌幅9.99%。 ...

Group 1 - The core point of the news is that Huan Yuan Gas has seen a stock price increase of 5.1%, reaching 40.79 CNY per share, with a total market capitalization of 8.639 billion CNY [1] - Huan Yuan Gas, established on November 20, 2003, specializes in the research, production, sales, and service of various gas products, as well as industrial waste gas recovery and recycling [1] - The company's revenue composition includes bulk gases (49.40%), industrial-grade chemicals (30.51%), clean energy (12.30%), other projects (3.79%), electronic special gases and chemicals (3.32%), and waste gas recovery (0.68%) [1] Group 2 - From the perspective of fund holdings, one fund under Yinhua Fund has a significant position in Huan Yuan Gas, with an increase of 32,100 shares in the third quarter, bringing the total to 49,200 shares, which represents 0.74% of the fund's net value [2] - The Yinhua Specialized and New Quantitative Optimal Stock Initiation A Fund (014668) has achieved a return of 47.84% this year, ranking 570 out of 4216 in its category [2] - The fund manager, Yang Teng, has been in position for nearly 4 years, with the fund's total asset size at 2.753 billion CNY and a best return of 29.56% during his tenure [3]

泰和泰（武汉）律师事务所 关于湖北和远气体股份有限公司 2025年第四次临时股东会 之 www.tahota.com 泰和泰（武汉）律师事务所关于湖北和远气体股份有限公司 2025 年第四次临时股东会之法律意见书 泰和泰（武汉）律师事务所 关于湖北和远气体股份有限公司 2025年第四次临时股东会 之 法律意见书 致：湖北和远气体股份有限公司 法律意见书 中国 • 武汉市硚口区京汉大道 688 号武汉恒隆广场办公楼 51 层 51/F, The Office Tower of Heartland 66, No.688 jinghan Avenue qiaokou District, Wuhan, People's Republic of China 电话| TEL: 86-27-88706388 传真| FAX: 86-27-88706388 泰和泰（武汉）律师事务所（以下简称"泰和泰""本所"或"我们"）是 在中华人民共和国境内合法执业的专业法律服务机构。作为湖北和远气体股份有 限公司（以下简称"和远气体"或"公司"）的常年法律顾问，泰和泰受公司委 托，就公司召开2025年第四次临时股东会（以下简称"本次股东 ...

1、 本次股东会不存在否决议案的情形。 2、 本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开的时间： 2025 年第四次临时股东会决议公告 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 现场会议时间：2025 年 11 月 11 日（星期二）14:30 证券代码：002971 证券简称：和远气体 公告编号：2025-079 湖北和远气体股份有限公司 通过深圳证券交易所互联网投票系统（http://wltp.cninfo.com.cn）投票 的具体时间为 2025 年 11 月 11 日 9:15-15:00 期间的任意时间。 2、会议召开的地点：宜昌市伍家岗区伍临路33号鑫鼎大厦3楼3号会议室 3、会议召集人：董事会 4、会议主持人：董事长兼总经理 杨涛先生 5、会议召开方式：本次股东会采用现场表决与网络投票相结合的方式 6、公司于2025年10月27日在《证券时报》《证券日报》《中国证券报》和 巨潮资讯网（http://www.cninfo.com.cn）上披露了《关于召开2025年第四次临 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [5]. Core Views - The company is expanding its electronic gas and chemical production capacity, with new capacities expected to ramp up [3]. - The company has initiated financing leasing and other financing methods to optimize its capital structure, with a total external guarantee balance of approximately 2.6 billion [2]. - The company's net profit for the first three quarters of 2025 decreased slightly year-on-year, but the performance is expected to improve as new capacities come online [2][3]. Summary by Sections Financial Performance - For the first three quarters of 2025, the company achieved revenue of 1.232 billion, a year-on-year increase of 3.33%, and a net profit of 58 million, a year-on-year decrease of 1.86% [1]. - In Q3 2025, revenue was 426 million, a year-on-year increase of 1.42% but a quarter-on-quarter decrease of 5.47%. The net profit was 9 million, a year-on-year decrease of 43.36% and a quarter-on-quarter decrease of 64.42% [1]. Capacity Expansion - The company is developing two major industrial parks, with products such as electronic-grade ultra-pure ammonia and high-purity hydrogen already in production, aiming for stable and full production by 2025 [2]. - The company has established a joint venture to expand its presence in the electronic gas market, targeting various industries including semiconductors and robotics [3]. Profit Forecast and Valuation - The company’s projected net profits for 2025, 2026, and 2027 are 102 million, 111 million, and 121 million respectively, indicating a positive growth outlook [3]. - The report provides a detailed financial forecast, including revenue and profit growth rates, with expected revenue of 1.609 billion in 2025, reflecting a growth rate of 4.93% [4][9].

Group 1 - The core viewpoint of the news is that Huan Yuan Gas has seen a 5% increase in stock price, reaching 38.41 CNY per share, with a trading volume of 120 million CNY and a turnover rate of 1.98%, resulting in a total market capitalization of 8.135 billion CNY [1] - Huan Yuan Gas, established on November 20, 2003, and listed on January 13, 2020, is primarily engaged in the research, production, sales, and service of various gas products, as well as industrial waste gas recovery and recycling [1] - The revenue composition of Huan Yuan Gas includes bulk gases at 49.40%, industrial chemicals at 30.51%, clean energy at 12.30%, other projects at 3.79%, electronic specialty gases and chemicals at 3.32%, and waste gas recovery at 0.68% [1] Group 2 - Among the top ten circulating shareholders of Huan Yuan Gas, Huaxia Fund holds a position with its Huaxia Industry Prosperity Mixed A Fund (003567), maintaining 4.8037 million shares, which accounts for 2.98% of the circulating shares [2] - The Huaxia Industry Prosperity Mixed A Fund has achieved a year-to-date return of 55.43%, ranking 703 out of 8147 in its category, and a one-year return of 48.95%, ranking 674 out of 8056 [2] - The fund manager, Zhong Shuai, has been in position for 5 years and 108 days, with the fund's total asset size at 13.26 billion CNY and a best return of 180.49% during his tenure [3]