Core Insights - The refining and trading sector saw an increase of 1.78% on November 10, with Hengyi Petrochemical leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Sector Performance - Hengyi Petrochemical (code: 000703) closed at 7.30, with a rise of 7.67% and a trading volume of 647,900 shares, amounting to a transaction value of 469 million yuan [1] - Wanbangda (code: 300055) closed at 9.09, up 6.32%, with a trading volume of 675,400 shares and a transaction value of 601 million yuan [1] - Dongfang Shenghong (code: 000301) closed at 10.04, increasing by 6.13%, with a trading volume of 577,400 shares and a transaction value of 571 million yuan [1] - Other notable performers include Hengtong Co. (code: 603223) with a 5.71% increase and a closing price of 10.73, and Junyang Xingchang (code: 000819) with a 5.60% increase and a closing price of 20.00 [1] Capital Flow - The refining and trading sector experienced a net inflow of 50.79 million yuan from main funds, while retail funds saw a net outflow of 20.74 million yuan [2] - Major stocks like Tongkun Co. (code: 601233) had a net inflow of 96.85 million yuan from main funds, while Wanbangda (code: 300055) saw a net outflow of 28.27 million yuan from retail funds [3] - The overall trend indicates a mixed sentiment among retail investors, with significant outflows from several stocks despite the overall sector gains [3]

Market Overview - The refining and trading sector increased by 1.02% on November 6, with Wanbangda leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance - Wanbangda (300055) closed at 8.57, rising by 10.01% with a trading volume of 721,500 shares and a transaction value of 603 million yuan [1] - Unified Shares (600506) also rose by 10.01% to 28.58, with a trading volume of 433,400 shares and a transaction value of 1.164 billion yuan [1] - Other notable performers included Tongkun Co. (601233) up 6.18% to 14.78, Hengli Petrochemical (600346) up 6.01% to 18.52, and Rongsheng Petrochemical (002493) up 4.46% to 10.31 [1] Capital Flow - The refining and trading sector saw a net inflow of 337 million yuan from main funds, while retail investors experienced a net outflow of 249 million yuan [2] - The main funds showed significant inflows in stocks like Guanghui Energy (600256) and Unified Shares (600506), while retail investors withdrew from several stocks including Rongsheng Petrochemical (002493) and Hengli Petrochemical (600346) [3]

Core Insights - The refining and trading sector saw a slight increase of 0.12% on October 31, with Heshun Petroleum leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Sector Performance - Heshun Petroleum (603353) closed at 21.58, up 5.58% with a trading volume of 97,600 shares and a transaction value of 211 million yuan [1] - Hengtong Co. (603223) closed at 9.91, up 3.77% with a trading volume of 101,000 shares and a transaction value of 98.88 million yuan [1] - International Long (000819) closed at 18.07, up 3.26% with a trading volume of 96,800 shares and a transaction value of 173 million yuan [1] - Other notable performers included Runbei Aerospace (001316) up 2.57%, Bohai Chemical (600800) up 1.86%, and Wanbangda (300055) up 1.68% [1] Fund Flow Analysis - The refining and trading sector experienced a net inflow of 176 million yuan from main funds, while retail investors saw a net outflow of 85.98 million yuan [2] - Notable stocks with significant fund flow included Guanghui Energy (600256) which saw a net outflow of 2.23% [2]

Core Insights - The company reported a revenue of 1.784 billion yuan for the first three quarters of the year, a decrease of 5.56% year-on-year [1] - The net profit attributable to shareholders reached 24.9923 million yuan, showing a significant increase of 390.47% year-on-year [1] Group 1: Financial Performance - Revenue for the first three quarters was 1.784 billion yuan, down 5.56% compared to the previous year [1] - Net profit attributable to shareholders was 24.9923 million yuan, up 390.47% year-on-year [1] Group 2: Corporate Actions - The company reached an agreement to acquire an additional 0.5% stake in its subsidiary, Huizhou Isco New Materials Technology Development Co., Ltd., increasing its ownership to 73.5% [1] - The acquisition process has been completed with the registration of changes in business operations [1] Group 3: Project Developments - The company’s subsidiary, Guangdong Isco New Materials Technology Development Co., Ltd., has successfully initiated trial production for certain facilities in the Jieyang C4 and C5 project [1]

Core Insights - Wanbangda (300055.SZ) reported a total operating revenue of 1.784 billion yuan for Q3 2025, ranking 18th among disclosed peers, which is a decrease of 105 million yuan or 5.56% year-on-year [1] - The company's net profit attributable to shareholders was 24.99 million yuan, ranking 13th among peers [1] - The net cash flow from operating activities was -63.99 million yuan, ranking 17th, a decrease of 34.19 million yuan compared to the same period last year [1] Financial Ratios - The latest debt-to-asset ratio is 36.63%, an increase of 3.13 percentage points from the previous quarter and 5.59 percentage points from the same period last year [3] - The latest gross profit margin is 9.67%, ranking 13th among peers [3] - The latest return on equity (ROE) is 0.48%, ranking 14th among peers [3] Earnings and Turnover - The diluted earnings per share (EPS) is 0.03 yuan, ranking 13th among peers [4] - The total asset turnover ratio is 0.21 times, ranking 23rd, a decrease of 0.04 times or 15.42% year-on-year [4] - The inventory turnover ratio is 6.11 times, ranking 13th, a decrease of 1.09 times or 15.13% year-on-year [4] Shareholder Structure - The number of shareholders is 32,200, with the top ten shareholders holding 358 million shares, accounting for 42.83% of the total share capital [4] - The largest shareholder is Wang Piaoyang, holding 32.46% of the shares [4]

Group 1 - The company Wanbangda (SZ 300055) held its fourth meeting of the sixth board of directors on October 29, 2025, via teleconference, where it reviewed the proposal for establishing the "Board Secretary Work System" [1] - For the first half of 2025, Wanbangda's revenue composition was as follows: petrochemical accounted for 90.05%, industrial water treatment for 48.58%, solid waste treatment services for 5.77%, and inter-segment elimination accounted for -44.4% [1]

Group 1 - Company Wanbangda (SZ 300055) reported Q3 performance with revenue of approximately 1.784 billion yuan, a year-on-year decrease of 5.56% [1] - The net profit attributable to shareholders was approximately 24.99 million yuan, showing a significant year-on-year increase of 390.47% [1] - Basic earnings per share reached 0.0299 yuan, reflecting a year-on-year increase of 390.16% [1]

Core Viewpoint - Wanbangda (300055) announced that the company has no overdue external guarantee matters [1] Group 1 - The company released an announcement on the evening of October 29 [1]

第六届董事会第四次会议决议公告 证券代码：300055 证券简称：万邦达 公告编号：2025-057 北京万邦达环保技术股份有限公司 第六届董事会第四次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 北京万邦达环保技术股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日，以电子邮件的方式向全体董事发出召开第六届董事会第四次会议的通知。 会议于 2025 年 10 月 29 日上午 10:00 在公司会议室以电话会议的方式召开，以 巡签方式表决。本次会议应出席董事 7 人，实际出席董事 7 人，公司高级管理人 员列席了会议。会议由董事长王飘扬先生召集并主持。会议的召集和召开符合《中 华人民共和国公司法》和《北京万邦达环保技术股份有限公司章程》的有关规定。 经全体董事审议，形成决议如下： 二、审议通过了《关于制定<董事会秘书工作制度>的议案》 为规范公司行为，保证公司董事会秘书能够依法行使职权，根据《中华人民 共和国公司法》《中华人民共和国证券法》《深圳证券交易所创业板股票上市规则》 《深圳证券交易所上市公司自律监管指引第2 号——创业板上 ...

董事会秘书工作制度 北京万邦达环保技术股份有限公司 董事会秘书工作制度 第一章 总则 （一）具备履行职责所必需的财务、管理、法律专业知识； （二）具有良好的职业道德和个人品德； 董事会秘书应当取得深圳证券交易所颁发的董事会秘书资格证书。 第四条 具有下列情形之一的人士不得担任董事会秘书： （一）根据《公司法》等法律规定及其他有关规定不得担任董事、高级管理人员的情 形； （二）被中国证监会采取不得担任上市公司董事、高级管理人员的市场禁入措施，期 限尚未届满； （三）被证券交易所公开认定为不适合担任上市公司董事、高级管理人员等，期限尚 未届满； 第一条 为规范公司行为，保证公司董事会秘书能够依法行使职权，根据《中华人民 共和国公司法》（以下简称"《公司法》"）《中华人民共和国证券法》（以下简称"《证券法》"） 《深圳证券交易所创业板股票上市规则》（以下简称"《上市规则》"）《深圳证券交易所上市 公司自律监管指引第 2 号——创业板上市公司规范运作》（以下简称"《规范运作》"）以及 《北京万邦达环保技术股份有限公司章程》（以下简称"《公司章程》"）并结合公司实际情 况，制定本制度。 第二条 公司设董事会秘书一名。董 ...