辽宁奥克化学股份有限公司 总裁工作细则 第一章 总则 第一条 为完善辽宁奥克化学股份有限公司（以下简称"公司"）治理结构，明确 总裁责权利，规范总裁工作行为，保证总裁依法行使职权、履行职责、承担义务，根据 《中华人民共和国公司法》《中华人民共和国证券法》《上市公司治理准则》《深圳证券 交易所创业板股票上市规则》和其他有关法律法规，以及本公司章程，特制定本细则。 第二条 公司依法设置总裁一名，总裁由董事会聘任或解聘。总裁主持公司日常生 产经营和管理工作，组织实施董事会决议，对董事会负责，并就履职情况向董事会报告。 第三条 本细则所称高级管理人员，包括公司总裁、副总裁、董事会秘书、财务总 监。 第四条 总裁和其他高级管理人员，应当遵守有关法律法规、规范性文件、《公司 章程》以及本细则的规定。 第二章 总裁的任职资格与任免程序 第五条 总裁任职应当具备下列条件： (一) 具有较丰富的经济理论知识、管理知识及实践经验，具有较强的经营管理能 力； (二) 具有调动员工积极性、建立合理的组织机构、协调各种内外关系和统揽全局 的能力； (三) 具有一定年限的企业管理经济工作经历，精通本行，熟悉多种行业的生产经 营业务和掌握 ...

辽宁奥克化学股份有限公司 信息披露制度 （修订草案，需经公司 2025 年第二次股东大会审议通过后适用） 第一章 总 则 第一条 根据《中华人民共和国证券法》《上市公司信息披露管理办法》及《深圳证 券交易所创业板股票上市规则》、《公司章程》的有关规定，为规范辽宁奥克化学股份有 限公司（以下简称"公司"）及其他信息披露义务人的信息披露行为，加强信息披露事务 管理，确保信息披露真实、准确、完整、及时、公平，促进公司依法规范运作，维护和保 护公司和投资者的合法权益，特制定本信息披露制度。 第二章 公司信息披露的基本原则 第二条 本制度所称信息披露是指将可能对公司股票价格产生重大影响而投资者尚未 得知的重大事件，在规定时间内，通过指定媒体，以规定的方式向社会公众公布，并送达 证券监管部门备案。 第三条 信息披露是公司和公司的董事、高级管理人员的持续责任，公司和公司的董 事、高级管理人员应当忠实、勤勉地履行职责，保证披露信息真实、准确、完整、及时、 公平，不得有虚假记载、误导性陈述或者重大遗漏。 第四条 公司应当严格按照法律、法规和《公司章程》以及中国证监会的信息披露的 内容和格式准则的要求，真实、准确、完整、及时地报 ...

辽宁奥克化学股份有限公司 外部信息使用人管理制度 第一条 为加强辽宁奥克化学股份有限公司（以下简称"公司"）定期报告及 重大事项在编制、审议和披露期间的公司外部信息使用人管理，根据《中华人民 共和国公司法》《证券法》《上市公司信息披露管理办法》《深圳证券交易所创业 板股票上市规则》等相关法律法规，以及《公司章程》《信息披露制度》等规定， 结合公司实际情况，制定本制度。 第二条 本制度所称的信息包括但不限于定期报告、临时公告、财务报告、 统计数据、正在策划的重大事项等。 第九条 外部单位或个人及其工作人员因保密不当致使前述重大信息被泄露， 应立即通知公司，公司应在第一时间向深圳证券交易所报告并公告。 第十条 外部单位或个人在相关文件中不得使用公司报送的未公开重大信息， 除非与公司同时披露该信息。 1 第十一条 外部单位或个人本人应该严守上述条款，如违反本制度及相关规 定使用本公司报送信息，致使公司遭受经济损失的，本公司将依法要求其承担赔 偿责任；如利用所获取的未公开重大信息买卖公司证券或建议他人买卖公司证券 的，本公司将依法收回其所得的收益；如涉嫌犯罪的，应当将案件移送司法机关 处理。 第十二条 本制度由公司董 ...

辽宁奥克化学股份有限公司 重大信息内部报告制度 第一章 总 则 第一条 为规范辽宁奥克化学股份有限公司（以下简称"本公司"或"公司"） 重大信息内部报告工作，保证公司内部重大信息的快速传递、归集和有效管理， 及时、准确、全面、完整地披露信息，维护投资者的合法权益，根据《中华人民 共和国公司法》《中华人民共和国证券法》《上市公司信息披露管理办法》《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-创业板上市公司规范运作》《辽宁奥克化学股份有限公司章程》等有关规定， 结合公司实际，制定本制度。 第二条 公司重大信息内部报告制度是指当出现、发生或即将发生可能对公 司股票及其衍生品种交易价格产生较大影响的情形或事件时，按照本制度规定负 有报告义务的有关人员和公司，应当在第一时间将相关信息向董事长和董事会秘 书报告的制度。 第三条 本制度所称"内部信息报告义务人"包括： 第四条 本制度适用于公司、子公司及参股公司。 第二章 重大信息的范围 第五条 公司重大信息包括但不限于公司及公司下属分支机构或子公司、参 股子公司出现、发生或即将发生的以下事项： （一）拟提交公司董事会、股东会审议的事项 ...

辽宁奥克化学股份有限公司 独立董事工作制度 （草案，需经公司 2025 年第二次股东大会审议通过后适用） 第一章 总则 第一条 为了进一步完善辽宁奥克化学股份有限公司（以下简称"公司"）治 理结构，规范公司运作，更好地维护公司整体利益，保障全体股东特别是中小股 东的合法权益不受损害，促进公司规范运作，保证独立董事履行职责，根据《中 华人民共和国公司法》（以下简称"《公司法》"）、《国务院办公厅关于上市公司独 立董事制度改革的意见》、中国证券监督管理委员会（以下简称"中国证监会"） 颁布的《上市公司独立董事管理办法》（以下简称《管理办法》）、《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》和《辽宁奥克化学 股份有限公司章程》（以下简称"《公司章程》"）等相关规定，制定本制度。 人士担任召集人。公司在董事会中设置提名与薪酬等专门委员会。提名与薪酬委 员会中独立董事应当过半数并担任召集人。 第三章 独立董事的任职条件 第五条 独立董事应当具备与其行使职权相适应的任职条件。担任独立董事 应当符合下列基本条件： （一）根据法律、行政法规及其他有关规定，具备担任公司董事的资格； （二）具有本制度 ...

辽宁奥克化学股份有限公司 关联交易管理制度 （修订草案，需经公司 2025 年第二次股东大会审议通过后适用） 第一章 总则 第一条 为进一步加强辽宁奥克化学股份有限公司（以下简称"公司"）关联 交易管理，明确管理职责和分工，维护公司股东和债权人的合法利益，特别是中小 投资者的合法利益，保证公司与关联方之间订立的关联交易合同符合公平、公正、 公开的原则，根据中国证监会有关规范关联交易的规范性文件的规定、中华人民共 和国财政部颁布的《企业会计准则第36号——关联方披露》、《深圳证券交易所创 业板股票上市规则》（以下简称"上市规则"）及《公司章程》的规定，特制订本 办法。 第二条 公司与关联方之间的关联交易行为除遵守有关法律、法规、规范性文 件和《公司章程》的规定外，还需遵守本制度的有关规定。 第二章 关联方和关联关系 第三条 公司关联方包括关联法人和关联自然人。 第四条 具有下列情形之一的法人或者其他组织，为公司的关联法人： （一）直接或者间接控制公司的法人或其他组织； （二）由前项所述法人直接或者间接控制的除公司及其控股子公司以外的法人 或其他组织； （三）本制度第五条所列公司的关联自然人直接或者间接控制的、或 ...

辽宁奥克化学股份有限公司 年报信息披露重大差错责任追究制度 第一章 总则 第一条 为了提高辽宁奥克化学股份有限公司（以下简称"公司"）的规范 运作水平，确保公司年度报告信息（以下简称"年报信息"）披露的真实性、准 确性、完整性和及时性，加大对年报信息披露责任人的问责力度，提高年报信息 披露的质量和透明度，根据法律、法规、规范性文件和《公司章程》的有关规定， 结合公司实际情况，特制定本制度。 第二条 本制度所称的年报信息披露责任人包括公司董事、高级管理人员、 各子公司（分公司）总经理、控股股东、实际控制人以及与年报信息披露工作有 关的其他人员。 第三条 本制度所指的责任追究，是指年报信息披露工作中有关人员未按规 定履行职责、义务，导致公司年报信息披露重大差错，造成公司经济损失或重大 不良社会影响的追究与处理制度。 第四条 公司实行年报信息披露差错责任追究制度遵循实事求是、客观公正、 有错必究、过错与责任相适应、责任与权利相对等的原则。 第五条 董事会秘书负责向董事会报告年报信息披露重大差错情况并提出相 关处理方案，待董事会批准后执行。 第二章 年报信息披露重大差错的责任追究 第六条 有下列情形之一的应当追究年报 ...

辽宁奥克化学股份有限公司 投资者关系管理制度 第一章 总 则 第一条 为进一步加强辽宁奥克化学股份有限公司（以下简称"公司"）与投 资者及潜在投资者（以下统称"投资者"）之间的信息沟通，促进公司与投资者之 间建立长期、稳定的良性关系，提升公司的投资价值与诚信形象，切实保护投资者利 益，根据《中华人民共和国公司法》、《深圳证券交易所创业板股票上市规则》（以下简称 《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——创业板上市 公司规范运作》（以下简称《规范运作指引》）、《辽宁奥克化学股份有限公司章程》 及其他相关法律法规，结合公司实际情况，制定本制度。 第二条 投资者关系管理是指公司通过便利股东权利行使、信息披露、互动交 流和诉求处理等工作，加强与投资者及潜在投资者之间的沟通，增进投资者对上市 公司的了解和认同，以提升上市公司治理水平和企业整体价值，实现尊重投资者、 回报投资者、保护投资者目的的相关活动。 第三条 公司及其控股股东、实际控制人、董事、高级管理人员和工作人员开 展投资者关系管理工作，应当遵守法律法规、《股票上市规则》、《规范运作指引》 和深圳证券交易所其他相关规定，体现公开、公平、公 ...

Part I [Important Notes, Table of Contents, and Definitions](index=2&type=section&id=Important%20Notes%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section provides crucial disclaimers, a detailed report structure, and definitions of key terms used throughout the financial report [Important Notes](index=2&type=section&id=Important%20Notes) The Board of Directors, Board of Supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, with the company's head affirming the financial report's authenticity - The company's Board of Directors, Board of Supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, and the company's head declares the financial report is authentic[4](index=4&type=chunk) - The report highlights major risks including safety and environmental protection, procurement, industry overcapacity, accounts receivable, exchange rates, raw material supply, and investments[4](index=4&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for this semi-annual period[5](index=5&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) This section lists the main chapters of the report, covering company profile, key financial indicators, management discussion and analysis, corporate governance, environmental and social aspects, significant matters, share changes, shareholder information, bond-related matters, and financial statements - The report's main chapters include Company Profile and Key Financial Indicators, Management Discussion and Analysis, Corporate Governance, Environment and Society, Significant Matters, Changes in Share Capital and Shareholder Information, Bond-Related Information, and Financial Report[7](index=7&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section defines common terms used in the report, including company names, controlling shareholders, key chemicals (e.g., ethylene oxide, EOD, polyether, EC, PEG, ethylene sulfite) and their derivatives, as well as the full names of major subsidiaries - Key terms such as the Company, controlling shareholder, ethylene oxide, EOD, polyether, EC, ethoxylation, polyether monomer, polycarboxylate superplasticizer, PEG, and ethylene sulfite are defined[13](index=13&type=chunk) - The full names of major subsidiaries including Jiangsu Oxirane, Guangdong Oxirane, Sichuan Oxirane, Wuhan Oxirane, Jilin Oxirane, Hainan Oxirane, and Oxirane Pharma are listed[13](index=13&type=chunk) Part II [Company Profile and Key Financial Indicators](index=6&type=section&id=Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's basic information, contact details, and key financial performance metrics for the reporting period [Company Profile](index=6&type=section&id=Company%20Profile) The company's stock abbreviation is "Oxirane Chemical", stock code 300082, listed on the Shenzhen Stock Exchange, with Zhu Jianmin as the legal representative - The company's stock abbreviation is "Oxirane Chemical", stock code 300082, and it is listed on the Shenzhen Stock Exchange[15](index=15&type=chunk) - The company's legal representative is Zhu Jianmin[15](index=15&type=chunk) [Contact Person and Information](index=6&type=section&id=Contact%20Person%20and%20Information) This section provides contact information for the company's Board Secretary Ma Shuai and Securities Affairs Representative Cao Xiaohan, including address, phone, fax, and email, to facilitate investor communication - The Board Secretary is Ma Shuai, and the Securities Affairs Representative is Cao Xiaohan[16](index=16&type=chunk) - The contact address is Room L1A-706, Hongqiao World Center, No. 568, Zhuguang Road, Xujing Town, Qingpu District, Shanghai; phone and fax are both 021-69830086; and the email is oxiranchem@126.com[16](index=16&type=chunk) [Other Information](index=6&type=section&id=Other%20Information) During the reporting period, there were no changes in the company's registered address, office address, website, email, information disclosure and document storage locations, or registration status, with specific details available in the 2024 annual report - The company's registered address, office address, website, and email remained unchanged during the reporting period[17](index=17&type=chunk) - Information disclosure and document storage locations remained unchanged during the reporting period[18](index=18&type=chunk) - The company's registration status remained unchanged during the reporting period[19](index=19&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) In the first half of 2025, the company's operating revenue increased by 11.21% year-on-year, and net profit attributable to shareholders turned profitable, growing by 101.29%; however, net cash flow from operating activities decreased by 22.27%, while total assets and net assets attributable to shareholders slightly declined 2025 Semi-Annual Key Accounting Data and Financial Indicators | Indicator | Current Period (yuan) | Prior Year Period (yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 2,041,997,301.20 | 1,836,117,836.40 | 11.21 | | Net Profit Attributable to Listed Company Shareholders | 1,303,496.00 | -100,781,590.33 | 101.29 | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-Recurring Gains/Losses) | -34,522,890.96 | -110,097,658.59 | 68.64 | | Net Cash Flow from Operating Activities | -498,932,743.76 | -408,059,362.80 | -22.27 | | Basic Earnings Per Share (yuan/share) | 0.0019 | -0.1482 | 101.27 | | Diluted Earnings Per Share (yuan/share) | 0.0019 | -0.1482 | 101.27 | | Weighted Average Return on Net Assets | 0.05 | -3.49 | 3.54 | | **End of Current Period (yuan)** | **End of Prior Year (yuan)** | **Change from Prior Year-End (%)** | | | Total Assets | 5,457,811,498.58 | 5,726,716,255.37 | -4.70 | | Net Assets Attributable to Listed Company Shareholders | 2,750,745,065.09 | 2,757,273,722.49 | -0.24 | [Differences in Accounting Data under Domestic and Overseas Accounting Standards](index=7&type=section&id=Differences%20in%20Accounting%20Data%20under%20Domestic%20and%20Overseas%20Accounting%20Standards) During the reporting period, the company reported no differences in net profit and net assets between financial statements prepared under International Accounting Standards or overseas accounting standards and those prepared under Chinese Accounting Standards - The company reported no differences in net profit and net assets between financial statements disclosed under International Accounting Standards and Chinese Accounting Standards during the reporting period[21](index=21&type=chunk) - The company reported no differences in net profit and net assets between financial statements disclosed under overseas accounting standards and Chinese Accounting Standards during the reporting period[22](index=22&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) During the reporting period, the company's total non-recurring gains and losses amounted to **RMB 35.826 million**, primarily from disposal gains on non-current assets, government grants, fair value changes, and non-operating income such as performance compensation and equity-for-debt from Shanghai Dongshuo 2025 Semi-Annual Non-Recurring Gains and Losses Items and Amounts | Item | Amount (yuan) | Explanation | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 6,838,733.71 | | | Government Grants Included in Current Profit/Loss | 5,134,645.46 | | | Gains/Losses from Changes in Fair Value of Financial Assets and Liabilities, and Disposal of Financial Assets and Liabilities (excluding effective hedging activities related to normal business operations) | 183,900.00 | | | Gains/Losses from Entrusted Investment or Asset Management | 625,513.15 | | | Reversal of Impairment Provisions for Accounts Receivable Subject to Separate Impairment Testing | 1,269,587.26 | | | Other Non-Operating Income and Expenses (excluding the above) | 28,119,517.01 | Primarily performance compensation and equity-for-debt received from Shanghai Dongshuo | | Less: Income Tax Impact | 6,158,170.59 | | | Impact on Minority Interests (after tax) | 187,339.04 | | | Total | 35,826,386.96 | | - The company has no other profit or loss items that meet the definition of non-recurring gains and losses, nor does it classify non-recurring gains and losses as recurring gains and losses[25](index=25&type=chunk) Part III [Management Discussion and Analysis](index=9&type=section&id=Management%20Discussion%20and%20Analysis) This section analyzes the company's main business activities, core competencies, financial performance, investment status, and risks, along with corresponding countermeasures [Company's Main Business Activities During the Reporting Period](index=9&type=section&id=Company%27s%20Main%20Business%20Activities%20During%20the%20Reporting%20Period) The company adheres to a green, low-carbon, fine chemical, new energy, and new materials development strategy based on epoxy derivatives, expanding into new energy materials like ethylene sulfite (ES) while optimizing operations and enhancing innovation to improve efficiency amidst industry challenges - The company adheres to the development strategy of "creating value by focusing on the industrialization of high-end technologies such as epoxy-derived green, low-carbon, fine chemicals, new energy, and new materials"[27](index=27&type=chunk) - While maintaining traditional business segments (polyether monomer for superplasticizers, pharmaceutical excipients, non-ionic surfactants), the company is expanding into epoxy-derived polyethylene glycol for lithium battery cathode materials, battery-grade ethylene carbonate solvents, and has achieved mass production of the new lithium battery additive material ethylene sulfite (ES)[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) - In the first half of 2025, the company achieved operating revenue of **RMB 2.042 billion**, a year-on-year increase of **11.21%**; net profit attributable to listed company shareholders was **RMB 1.3035 million**, an increase of **RMB 102.0851 million** compared to the first half of 2024[53](index=53&type=chunk) [Company's Main Products and Uses](index=9&type=section&id=Company%27s%20Main%20Products%20and%20Uses) The company's products are categorized into traditional epoxy derivatives and new energy new materials, with traditional products serving infrastructure, pharmaceuticals, and daily chemicals, while new materials focus on lithium batteries and energy storage - Traditional epoxy derivative products include polyether monomers for superplasticizers, pharmaceutical excipients (high-purity polyethylene glycol), and non-ionic surfactants[28](index=28&type=chunk) - New energy new materials products include polyethylene glycol (PEG) for lithium battery cathode materials, battery-grade carbonate solvents, and the new lithium battery additive material ethylene sulfite (ES)[28](index=28&type=chunk) - The company's ethylene carbonate and dimethyl carbonate production process technology holds independent intellectual property rights and is "world-first, internationally leading," achieving resource utilization of carbon dioxide[28](index=28&type=chunk)[29](index=29&type=chunk) [Industry Analysis](index=10&type=section&id=Industry%20Analysis) The company operates in diverse sectors: the construction chemicals industry faces demand challenges but has long-term growth potential, new energy materials benefit from EV growth despite temporary oversupply, pharmaceutical excipients are driven by aging populations and healthcare reforms, and non-ionic surfactants maintain stable demand with a green development trend - The construction chemicals industry (polycarboxylate superplasticizer polyether monomer) is experiencing bottoming demand, impacted by national infrastructure and real estate, leading to short-term profit pressure, but benefits long-term from capacity rationalization and international market demand[30](index=30&type=chunk)[31](index=31&type=chunk)[33](index=33&type=chunk) - The new energy new materials industry benefits from the rapid development of new energy vehicles (cumulative production increased by **38.7%** from January to June 2025) and power batteries (cumulative output increased by **60.40%** year-on-year), though the electrolyte solvent market is experiencing temporary oversupply[34](index=34&type=chunk)[35](index=35&type=chunk) - The pharmaceutical excipients industry is driven by an aging population, expanded medical insurance, and new medical reform policies, leading to steady market growth and accelerated domestic substitution[37](index=37&type=chunk) - The non-ionic surfactant industry maintains stable market demand and is developing towards green sustainability, but short-term growth is limited by overcapacity and environmental policies[38](index=38&type=chunk) [Industry Competitive Landscape and Company's Position](index=12&type=section&id=Industry%20Competitive%20Landscape%20and%20Company%27s%20Position) Despite overcapacity in polycarboxylate superplasticizer polyether monomer, the company maintains a leading market position; in new energy materials, carbon ester sales decreased, but new lithium battery additive ES achieved industrial production, and pharmaceutical excipient sales significantly increased - The polycarboxylate superplasticizer polyether monomer industry faces overcapacity and weak end-user demand, yet the company's main products consistently hold a leading market share in China[39](index=39&type=chunk)[40](index=40&type=chunk) - The new energy new materials industry is highly competitive, with the company's carbonate series product sales decreasing by **31%** year-on-year, but the new lithium battery additive material ethylene sulfite (ES) project achieved industrial production using a world-first new process[41](index=41&type=chunk) - The company is a major supplier of pharmaceutical-grade polyethylene glycol excipients to over 400 domestic formulation enterprises, holding EXCiPACT certification, with raw material sales increasing **8.3 times** year-on-year and injectable-grade product sales increasing **5 times** year-on-year[43](index=43&type=chunk)[44](index=44&type=chunk) [Main Business Models](index=14&type=section&id=Main%20Business%20Models) The company's business model integrates a complete ethylene-epoxy ethylene-epoxy derivative industrial chain with a national footprint, focusing on customer-centric marketing, centralized procurement, autonomous production, and R&D collaboration to expand into new energy battery materials - Profit Model: Leveraging a complete ethylene-ethylene oxide-ethylene oxide derivative industrial chain, million-ton capacity, and national layout, while expanding into the new energy battery materials market[46](index=46&type=chunk) - Marketing Model: Customer-centric approach, capturing new markets through national presence, implementing "production based on sales, sales promoting production," and controlling accounts receivable risks[47](index=47&type=chunk)[48](index=48&type=chunk) - Procurement Model: Centralized procurement with separation of management and operations, optimizing supply channels, strengthening price control for bulk raw materials, and collaborating with upstream manufacturers for ethylene resources[49](index=49&type=chunk) - Production Model: All products are self-produced; conventional products (polycarboxylate superplasticizer polyether monomer, carbonate series products, and conventional polyethylene glycol) use inventory-based production, while differentiated products (differentiated superplasticizer polyether, high-end polyethylene glycol, and fatty alcohol ethers) use order-based production[50](index=50&type=chunk) - R&D Model: Enterprise-led, market-oriented, combining industry, academia, and research, focusing on epoxy-derived new energy battery new materials, with national-level technology centers and postdoctoral research workstations as innovation platforms[51](index=51&type=chunk)[52](index=52&type=chunk) [Analysis of Company's Operations and Management](index=16&type=section&id=Company%27s%20Operations%20and%20Management) In the first half of 2025, the company achieved a year-on-year increase in operating revenue and a turnaround in net profit, driven by talent development, efficiency improvements, technological innovation, organizational reforms, and scientific management, leading to significant growth in new energy and pharmaceutical product sales and international market expansion 2025 Semi-Annual Operating Performance | Indicator | Amount (RMB 10,000) | YoY Change (RMB 10,000) | | :--- | :--- | :--- | | Operating Revenue | 204,199.73 | 11.21% | | Net Profit Attributable to Listed Company Shareholders | 130.35 | Increase 10,208.51 | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-Recurring Gains/Losses) | -3,452.29 | Loss reduced by 7,557.48 | - The company implements a talent-strengthening strategy to enhance the professional quality of its workforce[53](index=53&type=chunk) - The company comprehensively improves quality and efficiency, optimizes procurement strategies, reduces production costs, achieves **21,000 tons** in sales of polyethylene glycol for new energy lithium batteries, significantly increases sales of pharmaceutical-grade and injectable-grade polyethylene glycol, and sees a **46%** year-on-year increase in international market sales[54](index=54&type=chunk) - The company continuously promotes a comprehensive technology-strengthening strategy, accelerating the formation of new productive forces, developing specialized and innovative products, and cultivating future industries[54](index=54&type=chunk)[55](index=55&type=chunk) - The company deepens institutional reforms, implements a matrix-style operational management model, and comprehensively promotes scientific management, solidifying the safety, environmental, and risk control bottom line, while practicing ESG management and a green, low-carbon development strategy[55](index=55&type=chunk) [Analysis of Core Competencies](index=17&type=section&id=Analysis%20of%20Core%20Competencies) The company's core competencies stem from its comprehensive industrial layout, robust technological innovation, strong brand reputation, advanced process and environmental technologies, and a well-developed talent management system, positioning it as a leader in epoxy-derived fine chemicals and new materials - The company possesses the most complete, largest, and most widely distributed epoxy-derived green, low-carbon fine chemical new materials manufacturing enterprise in China, with production bases in Liaoning, Jilin, Jiangsu, Hubei, Sichuan, Guangdong, and Hainan, forming a strong industrial layout advantage[56](index=56&type=chunk) - The company is among the first batch of national innovative enterprises and a key national high-tech enterprise, boasting innovation platforms such as a national-level enterprise technology center, postdoctoral research workstation, and academician workstation; in the first half of 2025, it obtained **8** authorized patents, with a total of **353** effective authorized patents[57](index=57&type=chunk)[58](index=58&type=chunk) - The company's brand "Oxirane OXIRANE and logo" is recognized as a China Well-known Trademark, and it has established strategic partnerships with renowned enterprises like Kezhijie, Subote, and CATL, enjoying a strong reputation in the industry[58](index=58&type=chunk) - All of the company's production lines adopt full-process, high-standard automated design, promote green planning and development, and enhance carbon management awareness among all employees through a carbon management system, practicing a "green and low-carbon" development strategy[59](index=59&type=chunk) - The company adheres to the philosophy that "talent is the primary resource," building a precise recruitment system, improving layered and categorized training mechanisms, perfecting incentive and restraint mechanisms, and optimizing talent evaluation and development mechanisms to provide talent assurance for high-quality development[59](index=59&type=chunk)[60](index=60&type=chunk)[61](index=61&type=chunk) [Analysis of Main Business](index=19&type=section&id=Analysis%20of%20Main%20Business) In the first half of 2025, the company's operating revenue increased by 11.21% due to higher sales volume, while operating costs rose by 6.10%; sales expenses increased by 36.99% due to higher employee compensation, management expenses decreased by 21.74% due to reduced downtime losses and repair costs, and financial expenses surged by 115.93% due to lower bank deposit interest income; polyether monomer, polyethylene glycol, and fatty alcohol ethers are key products, with polyethylene glycol and fatty alcohol ethers showing significant revenue growth and stable or improved gross margins 2025 Semi-Annual Major Financial Data Year-on-Year Changes | Indicator | Current Period (yuan) | Prior Year Period (yuan) | YoY Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 2,041,997,301.20 | 1,836,117,836.40 | 11.21 | Primarily due to increased product sales during the reporting period | | Operating Cost | 1,933,797,903.00 | 1,822,653,987.76 | 6.10 | Primarily due to increased product sales during the reporting period | | Selling Expenses | 12,097,186.81 | 8,830,727.28 | 36.99 | Primarily due to increased employee compensation during the reporting period | | Administrative Expenses | 65,416,761.14 | 83,589,252.82 | -21.74 | Primarily due to decreased downtime losses and repair costs during the reporting period | | Financial Expenses | 26,807,345.85 | 12,414,941.63 | 115.93 | Primarily due to decreased bank deposit interest income during the reporting period | | Income Tax Expense | 4,485,881.41 | -15,770,137.42 | 128.45 | Primarily due to increased deferred income tax expense during the reporting period | | Net Cash Flow from Operating Activities | -498,932,743.76 | -408,059,362.80 | -22.27 | Primarily due to decreased cash received from sales of goods and provision of services during the reporting period | | Net Cash Flow from Investing Activities | 289,960,607.28 | 83,971,238.90 | 245.31 | Primarily due to increased redemption of bank wealth management products compared to the prior year period | | Net Cash Flow from Financing Activities | 5,209,381.08 | 254,717,700.42 | -97.95 | Primarily due to decreased borrowed funds compared to the prior year period | | Net Increase in Cash and Cash Equivalents | -201,929,184.89 | -65,586,364.24 | -207.88 | Primarily due to net outflow from operating activities exceeding net inflow from investing and financing activities during the reporting period | 2025 Semi-Annual Products or Services Accounting for Over 10% of Revenue | Product or Service | Operating Revenue (yuan) | Operating Cost (yuan) | Gross Margin (%) | YoY Change in Operating Revenue (%) | YoY Change in Operating Cost (%) | YoY Change in Gross Margin (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Polyether Monomer | 1,110,672,967.42 | 1,076,064,079.94 | 3.12 | -7.49 | -11.68 | 4.60 | | Polyethylene Glycol | 351,098,423.19 | 288,807,887.27 | 17.74 | 48.40 | 47.78 | 0.34 | | Fatty Alcohol Ether | 238,597,992.53 | 232,742,288.57 | 2.45 | 77.02 | 71.59 | 3.09 | [Analysis of Non-Core Business](index=20&type=section&id=Analysis%20of%20Non-Core%20Business) During the reporting period, non-core business significantly contributed to total profit, with investment income accounting for 52.47% (primarily from long-term equity investments and wealth management products, whose sustainability depends on the performance of associates and joint ventures), and non-operating income accounting for 173.97% (mainly from performance compensation and equity-for-debt from Shanghai Dongshuo, which is not sustainable); asset and credit impairments negatively impacted total profit, and other income, mainly government grants, is not sustainable 2025 Semi-Annual Non-Core Business Analysis | Item | Amount (yuan) | Proportion of Total Profit (%) | Explanation of Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 8,563,304.96 | 52.47 | Primarily from long-term equity investment income and wealth management product investment income | Depends on the performance of associates and joint ventures | | Gains/Losses from Changes in Fair Value | 204,851.49 | 1.26 | | No | | Asset Impairment | -8,422,827.90 | -51.61 | Primarily due to inventory write-downs | No | | Non-Operating Income | 28,390,399.18 | 173.97 | Primarily due to performance compensation and equity-for-debt received from Shanghai Dongshuo | No | | Non-Operating Expenses | 531,590.43 | 3.26 | | No | | Credit Impairment | -4,674,783.27 | -28.65 | Primarily due to increased provision for bad debts | No | | Other Income | 11,927,954.66 | 73.09 | Primarily due to government grants received | No | [Analysis of Assets and Liabilities](index=20&type=section&id=Analysis%20of%20Assets%20and%20Liabilities) At the end of the reporting period, the company's total assets decreased by 4.70% year-on-year, and net assets attributable to shareholders decreased by 0.24%; monetary funds decreased due to reduced retained funds, while inventories and long-term equity investments increased; trading financial assets significantly decreased due to wealth management product redemptions, and accounts payable and notes payable decreased; the company has restricted assets including pledged land use rights, fixed assets, bank acceptance bills, letter of guarantee deposits, frozen litigation funds, and pledged notes 2025 Semi-Annual Significant Changes in Asset Composition | Item | End of Current Period Amount (yuan) | Proportion of Total Assets (%) | End of Prior Year Amount (yuan) | Proportion of Total Assets (%) | Change in Proportion (%) | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 460,598,300.61 | 8.44 | 606,177,019.26 | 10.59 | -2.15 | Primarily due to decreased retained funds at the end of the reporting period | | Inventories | 475,502,934.23 | 8.71 | 338,030,761.57 | 5.90 | 2.81 | Primarily due to increased inventory at the end of the reporting period | | Long-Term Equity Investments | 472,611,151.08 | 8.66 | 419,679,398.80 | 7.33 | 1.33 | Primarily due to new investments in Shanghai Dongshuo and Shaanxi Blue Valley during the reporting period | | Notes Receivable | 151,566,165.74 | 2.78 | 227,622,125.79 | 3.97 | -1.19 | Primarily due to decreased notes receivable endorsed or discounted and not yet due at the balance sheet date | | Trading Financial Assets | 4,372,335.01 | 0.08 | 327,349,654.52 | 5.72 | -5.64 | Primarily due to redemption of bank wealth management products at the end of the reporting period | | Accounts Receivable Financing | 325,943,300.73 | 5.97 | 235,083,431.66 | 4.11 | 1.86 | Primarily due to increased notes receivable held at the end of the reporting period | | Notes Payable | 0.00 | 0.00 | 58,750,000.00 | 1.03 | -1.03 | Primarily due to maturity and settlement of notes payable | | Accounts Payable | 90,630,744.32 | 1.66 | 159,000,124.14 | 2.78 | -1.12 | Primarily due to decreased raw material payables at the end of the reporting period | - The company reported no major overseas assets during the reporting period[70](index=70&type=chunk) - The company has restricted assets including pledged land use rights and fixed assets, bank acceptance bill and letter of guarantee deposits, frozen litigation funds, and pledged notes, totaling **RMB 126.4615 million** (deposits), **RMB 6.0112 million** (restricted funds), and **RMB 144.423 million** (pledged notes)[72](index=72&type=chunk)[73](index=73&type=chunk)[74](index=74&type=chunk) [Analysis of Investment Status](index=22&type=section&id=Analysis%20of%20Investment%20Status) During the reporting period, the company's investment amount increased by 148.83% year-on-year, primarily due to new equity investments in Shanghai Dongshuo and Shaanxi Blue Valley, alongside ongoing expansion projects for ethylene oxide deep processing and tri(2-hydroxyethyl) isocyanurate; entrusted wealth management amounted to **RMB 327.35 million**, with an outstanding balance of **RMB 4.1884 million** at period-end; the company also engaged in hedging derivative investments, mainly forward foreign exchange and structured swaps, with overall controllable risk 2025 Semi-Annual Investment Amount Changes | Indicator | Investment Amount Current Period (yuan) | Investment Amount Prior Year Period (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Investment Amount | 151,511,586.16 | 60,889,712.38 | 148.83 | - New equity investments were made in Shanghai Dongshuo Environmental Protection Technology Co., Ltd. and Shaanxi Blue Valley New Energy Technology Co., Ltd. during the reporting period[77](index=77&type=chunk)[78](index=78&type=chunk) 2025 Semi-Annual Significant Non-Equity Investments in Progress | Project Name | Investment Method | Industry | Amount Invested Current Period (yuan) | Cumulative Actual Investment at Period-End (yuan) | Project Progress (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Phase II 150,000 tons/year Ethylene Oxide (Propylene Oxide) Deep Processing and Derivative New Materials Expansion Project | Self-built | Chemical | 1,969,958.23 | 10,427,398.93 | 44.37 | | Annual Production of 20,000 tons Tri(2-hydroxyethyl) Isocyanurate Project | Self-built | Chemical | 904,698.92 | 6,306,558.91 | 42.04 | 2025 Semi-Annual Overview of Entrusted Wealth Management | Specific Type | Source of Entrusted Funds | Amount of Entrusted Wealth Management (RMB 10,000) | Unexpired Balance (RMB 10,000) | | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 32,734.97 | 418.84 | - The company engages in derivative investments for hedging purposes, primarily forward foreign exchange and structured swaps, with overall controllable risk, achieving its hedging objectives[85](index=85&type=chunk)[86](index=86&type=chunk) [Significant Asset and Equity Disposals](index=26&type=section&id=Significant%20Asset%20and%20Equity%20Disposals) During the reporting period, the company did not undertake any significant asset or equity disposals - The company did not dispose of significant assets during the reporting period[89](index=89&type=chunk) - The company did not dispose of significant equity during the reporting period[90](index=90&type=chunk) [Analysis of Major Holding and Associate Companies](index=26&type=section&id=Analysis%20of%20Major%20Holding%20and%20Associate%20Companies) This section presents the financial data for the company's major holding and associate companies, including total assets, net assets, operating revenue, and net profit, highlighting Liaoning Oxirane Pharma Co., Ltd. with the highest net profit and Wuhan Jihechang New Materials Co., Ltd. with the highest operating revenue 2025 Semi-Annual Financial Data of Major Holding and Associate Companies | Company Name | Company Type | Registered Capital (yuan) | Total Assets (yuan) | Net Assets (yuan) | Operating Revenue (yuan) | Operating Profit (yuan) | Net Profit (yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Liaoning Oxirane Pharma Co., Ltd. | Subsidiary | 66,000,000.00 | 226,121,147.01 | 125,837,859.85 | 110,874,050.63 | 30,545,204.20 | 25,305,057.62 | | Jiangsu Oxirane Chemical Co., Ltd. | Subsidiary | 429,000,000.00 | 2,143,538,505.20 | 812,330,624.79 | 709,092,755.40 | -43,045,615.54 | -36,555,786.03 | | Sichuan Oxirane Chemical Co., Ltd. | Subsidiary | 204,080,000.00 | 637,136,710.68 | 398,958,049.92 | 346,901,361.03 | 20,256,057.99 | 17,306,113.46 | | Suzhou Huayi New Energy Technology Co., Ltd. | Associate | 51,000,000.00 | 1,504,080,040.27 | 512,454,841.61 | 170,510,592.03 | -10,721,522.20 | -11,043,955.67 | | Wuhan Jihechang New Materials Co., Ltd. | Associate | 83,330,800.00 | 705,359,275.12 | 472,635,052.00 | 254,031,244.87 | 36,495,070.99 | 31,022,289.33 | - The company did not acquire or dispose of any subsidiaries during the reporting period[92](index=92&type=chunk) [Information on Structured Entities Controlled by the Company](index=27&type=section&id=Information%20on%20Structured%20Entities%20Controlled%20by%20the%20Company) During the reporting period, the company did not control any structured entities - The company reported no structured entities under its control during the reporting period[93](index=93&type=chunk) [Risks Faced by the Company and Countermeasures](index=27&type=section&id=Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces multiple risks including safety and environmental protection, raw material price fluctuations, industry overcapacity, accounts receivable, investment, exchange rates, and raw material supply, which it actively addresses through enhanced management, optimized strategies, product upgrading, and diversified supply channels - Safety and Environmental Risks: The company strengthens occupational health, safety, and environmental system management, continuously investing resources and upgrading systems to achieve higher levels of inherent safety and cleaner production[93](index=93&type=chunk) - Raw Material Price Volatility Risk: The company addresses this by expanding ethylene procurement channels, strengthening strategic cooperation with international and domestic ethylene producers, and enhancing technical upgrades of existing production facilities[94](index=94&type=chunk) - Industry Capacity Risk: The company counters this by accelerating the expansion and process upgrading of existing production facilities, relying on technological innovation and supply adjustments for transformation, and moving towards differentiated, high-end products[95](index=95&type=chunk)[96](index=96&type=chunk) - Accounts Receivable Risk: The company strengthens control through dedicated departments, conducts customer credit evaluations, strictly limits total receivables, and strives to increase cash sales proportion[97](index=97&type=chunk) - Investment Risk: The company will further improve its investment decision-making mechanism, strengthen post-investment management, increase talent reserves, and formulate corresponding risk response strategies[98](index=98&type=chunk) - Exchange Rate Risk: The company establishes and improves an exchange rate control mechanism, implements a foreign exchange hedging management system, and regularly analyzes exchange rate trends[99](index=99&type=chunk) - Raw Material Supply Risk: The company mitigates this by diversifying production base layouts, optimizing raw material procurement structures, and increasing the proportion of domestic ethylene raw material purchases to reduce single-supplier risk[100](index=100&type=chunk) [Registration Form for Research, Communication, and Interview Activities During the Reporting Period](index=28&type=section&id=Registration%20Form%20for%20Research%2C%20Communication%2C%20and%20Interview%20Activities%20During%20the%20Reporting%20Period) During the reporting period, on May 13, 2025, the company participated in an online investor communication event to discuss its 2024 annual performance - On May 13, 2025, the company participated in an online investor communication event to discuss its 2024 annual performance and related matters[102](index=102&type=chunk) [Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=29&type=section&id=Formulation%20and%20Implementation%20of%20Market%20Value%20Management%20System%20and%20Valuation%20Enhancement%20Plan) During the reporting period, the company did not formulate a market value management system or disclose a valuation enhancement plan - The company has not formulated a market value management system[103](index=103&type=chunk) - The company has not disclosed a valuation enhancement plan[103](index=103&type=chunk) [Implementation of the 'Dual Improvement in Quality and Returns' Action Plan](index=29&type=section&id=Implementation%20of%20the%20%27Dual%20Improvement%20in%20Quality%20and%20Returns%27%20Action%20Plan) During the reporting period, the company did not disclose an announcement regarding the "Dual Improvement in Quality and Returns" action plan - The company did not disclose an announcement regarding the "Dual Improvement in Quality and Returns" action plan[103](index=103&type=chunk) Part IV [Corporate Governance, Environment, and Society](index=29&type=section&id=Corporate%20Governance%2C%20Environment%2C%20and%20Society) This section details the company's corporate governance structure, environmental information disclosure, and social responsibility initiatives, including changes in key personnel, profit distribution plans, and employee incentive measures [Changes in Directors, Supervisors, and Senior Management](index=29&type=section&id=Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, there were no changes in the company's directors, supervisors, or senior management, with specific details available in the 2024 annual report - There were no changes in the company's directors, supervisors, or senior management during the reporting period[104](index=104&type=chunk) [Profit Distribution and Capital Reserve Conversion to Share Capital During the Reporting Period](index=29&type=section&id=Profit%20Distribution%20and%20Capital%20Reserve%20Conversion%20to%20Share%20Capital%20During%20the%20Reporting%20Period) The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for this semi-annual period - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[105](index=105&type=chunk) [Implementation of Company's Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=29&type=section&id=Implementation%20of%20Company%27s%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) During the reporting period, the company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures in place or implemented - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures or their implementation during the reporting period[106](index=106&type=chunk) [Environmental Information Disclosure](index=30&type=section&id=Environmental%20Information%20Disclosure) The company and its nine major subsidiaries are listed as enterprises required to disclose environmental information by law, and they have publicly disclosed their environmental information reports, demonstrating the company's compliance with environmental protection regulations - The company and its **9** major subsidiaries are included in the list of enterprises required to disclose environmental information by law[107](index=107&type=chunk) - Each subsidiary has publicly disclosed its environmental information disclosure report on the designated website[107](index=107&type=chunk) [Social Responsibility](index=30&type=section&id=Social%20Responsibility) The company operates in compliance with laws and regulations, actively fulfilling its social responsibilities by safeguarding shareholder and creditor rights, ensuring equal employment and competitive compensation for employees, maintaining customer and supplier relationships, promoting green development, and engaging in public welfare initiatives like "Charity Day Donation" and establishing an education fund - The company strictly adheres to laws and regulations to improve its corporate governance structure, strengthen information disclosure, and protect shareholder rights, with no instances of controlling shareholders, actual controllers, or their related parties occupying company funds during the reporting period[109](index=109&type=chunk) - The company ensures equal employment and promotion opportunities, equal pay for equal work, and has no incidents of child labor or forced labor, while actively encouraging employment for people with disabilities[110](index=110&type=chunk) - The company adheres to a "customer-centric" approach, formulating a "Customer Complaint Management System" and focusing on maintaining friendly cooperative relationships with customers and suppliers[111](index=111&type=chunk)[112](index=112&type=chunk) - The company deeply implements ecological civilization concepts, adheres to green environmental protection principles, strictly enforces environmental monitoring laws and regulations, and promotes green, high-quality development[113](index=113&type=chunk) - The company actively participates in social welfare initiatives, including annual "Charity Day Donation" activities and establishing a special fund with Nanjing Forestry University for the development of the fine chemical discipline in the School of Chemical Engineering[114](index=114&type=chunk) Part V [Significant Matters](index=32&type=section&id=Significant%20Matters) This section details significant events, including commitments, related party transactions, litigation, and other important disclosures, providing insight into the company's operational and financial landscape [Commitments from the Company's Actual Controller, Shareholders, Related Parties, Acquirers, and the Company, etc., that were Fulfilled or Overdue and Unfulfilled at the End of the Reporting Period](index=32&type=section&id=Commitments%20from%20the%20Company%27s%20Actual%20Controller%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%2C%20etc.%2C%20that%20were%20Fulfilled%20or%20Overdue%20and%20Unfulfilled%20at%20the%20End%20of%20the%20Reporting%20Period) During the reporting period, the company reported no commitments from its actual controller, shareholders, related parties, acquirers, or the company itself that were fulfilled or overdue and unfulfilled at the end of the reporting period - The company reported no commitments from its actual controller, shareholders, related parties, acquirers, or the company itself that were fulfilled or overdue and unfulfilled at the end of the reporting period[116](index=116&type=chunk) [Non-Operating Funds Occupied by Controlling Shareholder and Other Related Parties](index=32&type=section&id=Non-Operating%20Funds%20Occupied%20by%20Controlling%20Shareholder%20and%20Other%20Related%20Parties) During the reporting period, the company reported no non-operating funds occupied by its controlling shareholder or other related parties - The company reported no non-operating funds occupied by its controlling shareholder or other related parties during the reporting period[117](index=117&type=chunk) [Irregular External Guarantees](index=32&type=section&id=Irregular%20External%20Guarantees) During the reporting period, the company had no irregular external guarantees - The company had no irregular external guarantees during the reporting period[118](index=118&type=chunk) [Appointment and Dismissal of Accounting Firms](index=32&type=section&id=Appointment%20and%20Dismissal%20of%20Accounting%20Firms) The company's semi-annual report was not audited - The company's semi-annual report was not audited[119](index=119&type=chunk) [Explanations from the Board of Directors, Board of Supervisors, and Audit Committee on the 'Non-Standard Audit Report' for the Current Period](index=32&type=section&id=Explanations%20from%20the%20Board%20of%20Directors%2C%20Board%20of%20Supervisors%2C%20and%20Audit%20Committee%20on%20the%20%27Non-Standard%20Audit%20Report%27%20for%20the%20Current%20Period) During the reporting period, the company had no non-standard audit report - The company had no non-standard audit report during the reporting period[120](index=120&type=chunk) [Explanations from the Board of Directors on the 'Non-Standard Audit Report' for the Previous Year](index=32&type=section&id=Explanations%20from%20the%20Board%20of%20Directors%20on%20the%20%27Non-Standard%20Audit%20Report%27%20for%20the%20Previous%20Year) During the reporting period, the company had no non-standard audit report from the previous year - The company had no non-standard audit report from the previous year during the reporting period[120](index=120&type=chunk) [Bankruptcy Reorganization Matters](index=32&type=section&id=Bankruptcy%20Reorganization%20Matters) During the reporting period, the company did not experience any bankruptcy reorganization matters - The company did not experience any bankruptcy reorganization matters during the reporting period[120](index=120&type=chunk) [Litigation Matters](index=32&type=section&id=Litigation%20Matters) The company is involved in several significant litigation and arbitration matters, including an unresolved arbitration case with Sinopec Group Assets Management Co., Ltd. regarding investment funds, an ongoing lawsuit against Chengdu Jinshida High-Tech Co., Ltd. for impairment compensation, a completed performance compensation dispute with Shanghai Dongshuo Environmental Protection Technology Co., Ltd., and an appeal filed after losing a first-instance ruling in a sales contract dispute with Shanghai Keying Environmental Equipment Co., Ltd., in addition to other pending sales contract and labor disputes 2025 Semi-Annual Significant Litigation and Arbitration Matters | Basic Situation of Litigation (Arbitration) | Amount Involved (RMB 10,000) | Provision for Liabilities Formed | Progress of Litigation (Arbitration) | Outcome and Impact of Trial | Enforcement Status of Judgment | | :--- | :--- | :--- | :--- | :--- | :--- | | Arbitration with Sinopec Group Assets Management Co., Ltd. regarding cooperation investment dispute for Tianjin Polyether Project | 7,485.00 | No | The China International Economic and Trade Arbitration Commission heard the case on April 15, 2025, and has not yet rendered a decision | Not yet decided | | | Liaoning Oxirane Chemical Co., Ltd. sued Chengdu Jinshida High-Tech Co., Ltd. and Jiaye Petrochemical Co., Ltd. for impairment compensation regarding Sichuan Oxirane's solvent oil unit | 4,424.79 | No | The company, as plaintiff, has filed a lawsuit with the court, which is currently under trial | Not yet judged | | | Liaoning Oxirane Chemical Co., Ltd. v. Dongshuo Chen Yegang, Chen Manman for performance commitment compensation and equity impairment compensation dispute | 17,574.52 | No | The company won the case, and this enforcement has been terminated | Enforcement completed, **RMB 28.3195 million** in enforcement assets used to offset liquidated damages for equity impairment compensation | Enforcement concluded | | Shanghai Xipuo Import and Export Co., Ltd. v. Shanghai Keying Environmental Equipment Co., Ltd. for sales contract dispute | 956.2 | No | Lost in first instance, appeal accepted for second instance | All claims of Shanghai Xipuo Import and Export Co., Ltd. were rejected | Judgment not yet enforced | | Shanghai Keying Environmental Equipment Co., Ltd. v. Shanghai Xipuo Import and Export Co., Ltd. for sales contract dispute | 600.6 | No | First instance judgment rendered, appeal accepted for second instance | Ruled that Shanghai Xipuo Import and Export Co., Ltd. should continue to perform the contract and pay for goods and liquidated damages | Judgment not yet enforced | [Penalties and Rectification](index=35&type=section&id=Penalties%20and%20Rectification) During the reporting period, the company had no penalties or rectification situations - The company had no penalties or rectification situations during the reporting period[125](index=125&type=chunk) [Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=35&type=section&id=Integrity%20Status%20of%20the%20Company%2C%20its%20Controlling%20Shareholder%2C%20and%20Actual%20Controller) During the reporting period, the company, its controlling shareholder, and actual controller maintained a good integrity status, with no instances of dishonesty - The company reported no integrity issues concerning itself, its controlling shareholder, or actual controller during the reporting period[126](index=126&type=chunk) [Significant Related Party Transactions](index=35&type=section&id=Significant%20Related%20Party%20Transactions) During the reporting period, the company engaged in multiple routine related party transactions involving the provision of services, sales of goods, and purchases of goods, all priced at market rates and within approved limits; on August 22, 2025, the company increased its daily related party transaction limits with Nanjing Yangzi Oxirane Chemical Co., Ltd., Shanghai Dongshuo Environmental Protection Technology Co., Ltd., and Shaanxi Blue Valley New Energy Technology Co., Ltd. and their subsidiaries 2025 Semi-Annual Related Party Transactions Related to Routine Operations | Related Party | Relationship | Type of Related Party Transaction | Content of Related Party Transaction | Amount of Related Party Transaction (RMB 10,000) | Proportion of Similar Transactions (%) | Approved Transaction Limit (RMB 10,000) | Exceeded Approved Limit | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Oxirane Holding Group Co., Ltd. and its subsidiaries | Controlling shareholder and its related parties | Provision of Services | Transportation service fees | 0.34 | 0.00 | 32 | No | | Oxirane Holding Group Co., Ltd. and its subsidiaries | Controlling shareholder and its related parties | Sale of Goods | COSMO NATE M 200, mixed alcohol | 612.52 | 0.30 | 2,012 | No | | Guangdong Demei Fine Chemical Group Co., Ltd. and its subsidiaries | Related party | Sale of Goods | Polyethylene glycol, O25 | 128.97 | 0.06 | 1,990 | No | | Suzhou Huayi New Energy Technology Co., Ltd. and its subsidiaries | Associate | Provision of Services | Labor fees | 11.5 | 0.01 | 30 | No | | CNBM Zhongyan Technology Co., Ltd. and its subsidiaries | Related party | Sale of Goods | Superplasticizer polyether monomer | 1,036.63 | 0.51 | 3,350 | No | | Wuhan Jihechang New Materials Co., Ltd. and its subsidiaries | Associate | Sale of Goods | XF-29 | 4.04 | 0.00 | 19 | No | | Wuhan Jihechang New Materials Co., Ltd. and its subsidiaries | Associate | Provision of Services | Meal expenses, utility services, Oxirane service fees | 40.57 | 0.02 | 90 | No | | Oxirane Holding Group Co., Ltd. and its subsidiaries | Controlling shareholder and its related parties | Acceptance of Services | Meal expenses, entertainment expenses, small labor protection | 348.57 | 0.18 | 1,450 | No | | Oxirane Holding Group Co., Ltd. and its subsidiaries | Controlling shareholder and its related parties | Purchase of Goods | RMB 185/galvanized drum, RMB 200/ton drum, RMB 550/company | 7.08 | 0.00 | 955 | No | | Wuhan Jihechang New Materials Co., Ltd. and its subsidiaries | Associate | Purchase of Goods | Isodecyl alcohol ethoxylate | 0.15 | 0.00 | 2 | No | | Nanjing Yangzi Oxirane Chemical Co., Ltd. | Related party | Provision of Services | Labor fees | 3.9 | 0.00 | 5 | No | | Shaanxi Blue Valley New Energy Technology Co., Ltd. and its subsidiaries | Related party | Sale of Goods | ES, processing fees | 23.64 | 0.01 | 2,000 | No | | Shanghai Dongshuo Environmental Protection Technology Co., Ltd. | Related party | Provision of Services | Labor fees | 52.05 | 0.03 | 60 | No | - On August 22, 2025, the company increased its daily related party transaction limits with Nanjing Yangzi Oxirane Chemical Co., Ltd., Shanghai Dongshuo Environmental Protection Technology Co., Ltd., and Shaanxi Blue Valley New Energy Technology Co., Ltd. and their subsidiaries, totaling **RMB 20.65 million**[130](index=130&type=chunk) [Significant Contracts and Their Performance](index=40&type=section&id=Significant%20Contracts%20and%20Their%20Performance) The company leases assets from the Huzhuang Village Committee in Chenji Town, Funing County, Yancheng City, Jiangsu Province, for a 25-year term expiring in 2039; the total guarantee amount for subsidiaries is **RMB 1.256 billion**, representing 45.67% of the company's net assets, with **RMB 156.82 million** provided for guaranteed entities with a debt-to-asset ratio exceeding 70%; there were no significant routine operating contracts during the reporting period - The company leases assets from the Huzhuang Village Committee in Chenji Town, Funing County, Yancheng City, Jiangsu Province, with a lease term of **25 years**, expiring in 2039[139](index=139&type=chunk) 2025 Semi-Annual Company Guarantees for Subsidiaries | Name of Guaranteed Entity | Guarantee Limit (RMB 10,000) | Actual Guarantee Amount (RMB 10,000) | Type of Guarantee | Guarantee Period | Fulfilled | | :--- | :--- | :--- | :--- | :--- | :--- | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 25,000 | Joint and several liability guarantee | Three years after the maturity date of the debt under the main contract | No | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 35,000 | Joint and several liability guarantee | Three years from the day after the maturity date of the loan | Yes | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 35,000 | Joint and several liability guarantee | Three years from the day after the maturity date of the loan | No | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 20,000 | Joint and several liability guarantee | Three years from the maturity date of the debt | No | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 25,000 | Joint and several liability guarantee | Three years from the last maturity date of the principal debt under all main contracts (or the date of creditor's advance payment) | Yes | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 25,000 | Joint and several liability guarantee | Three years from the last maturity date of the principal debt under all main contracts (or the date of creditor's advance payment) | No | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 15,000 | Joint and several liability guarantee | The guarantee period for this debt is three years from the maturity date of the debt | Yes | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 10,000 | Joint and several liability guarantee | The guarantee period for this debt is three years from the maturity date of the debt | No | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 12,000 | Joint and several liability guarantee | Three years from the maturity date (including extension, deferral) of the debt under the main contract | Yes | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 12,000 | Joint and several liability guarantee | Three years from the maturity date (including extension, deferral) of the debt under the main contract | No | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 10,000 | Joint and several liability guarantee | Final maturity date under the credit contract and specific business contract | Yes | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 10,000 | Joint and several liability guarantee | Final maturity date under the credit contract and specific business contract | No | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 2,000 | Joint and several liability guarantee | Three years from the maturity date of the last debt | No | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 12,000 | Joint and several liability guarantee | Three years from the maturity date of the debt stipulated in the main contract | Yes | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 10,000 | Joint and several liability guarantee | Three years after the maturity date of the debt stipulated in the creditor's contract | Yes | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 10,000 | Joint and several liability guarantee | Three years after the maturity date of the debt stipulated in the creditor's contract | No | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 10,000 | Joint and several liability guarantee | Three years from the maturity date of the debt incurred each time the debtor uses the credit line under the main contract | No | | Jiangsu Oxirane Chemical Co., Ltd. | 195,200 | 10,000 | Joint and several liability guarantee | Three years from the maturity date of the debtor's performance of debt stipulated in the main contract | No | | Sichuan Oxirane Chemical Co., Ltd. | 34,000 | 11,000 | Joint and several liability guarantee | Three years from the maturity date of the debt stipulated in the specific business contract by the debtor | No | | Sichuan Oxirane Chemical Co., Ltd. | 34,000 | 5,000 | Joint and several liability guarantee | The guarantee period for this debt is three years from the maturity date of the debt | No | | Sichuan Oxirane Chemical Co., Ltd. | 34,000 | 1,000 | Joint and several liability guarantee | Three years from the maturity date of the debt under the main contract | No | | Liaoning Oxirane Pharma Co., Ltd. | 10,921 | 3,350 | Joint and several liability guarantee | Three years after the maturity date of the debt under the main contract | Yes | | Liaoning Oxirane Pharma Co., Ltd. | 10,921 | 3,350 | Joint and several liability guarantee | Three years after the maturity date of the debt under the main contract | No | | Liaoning Oxirane Pharma Co., Ltd. | 10,921 | 2,010 | Joint and several liability guarantee | Three years from the due date of each loan or other financing or the assignment date of accounts receivable by your bank, or the advance payment date of each advance | No | | Liaoning Oxirane Pharma Co., Ltd. | 10,921 | 871 | Joint and several liability guarantee | Three years from the day after the maturity date of the loan | No | | Liaoning Oxirane Pharma Co., Ltd. | 10,921 | 636.5 | Joint and several liability guarantee | The guarantee period for this debt is three years from the maturity date of the debt | No | | Hainan Oxirane Chemical Co., Ltd. | 55,800 | 30,000 | Joint and several liability guarantee | The guarantee period for this debt is three years from the maturity date of the debt | Yes | | Hainan Oxirane Chemical Co., Ltd. | 55,800 | 20,000 | Joint and several liability guarantee | The guarantee period for this debt is three years from the maturity date of the debt | No | | Hainan Oxirane Chemical Co., Ltd. | 55,800 | 18,000 | Joint and several liability guarantee | Three years from the maturity date of the debt under the main contract | No | | Wuhan Oxirane Chemical Co., Ltd. | 13,000 | 1,000 | Joint and several liability guarantee | Three years from the maturity date of the debt under the main contract | No | | Guangdong Oxirane Chemical Co., Ltd. | 21,000 | 0 | Joint and several liability guarantee | | | | Shanghai Xipuo Import and Export Co., Ltd. | 10,000 | 0 | Joint and several liability guarantee | | | - The company's total guarantee amount (total actual guarantee balance) is **RMB 1.256 billion**, accounting for **45.67%** of the company's net assets[146](index=146&type=chunk) - Of this, the debt guarantee balance provided directly or indirectly for guaranteed entities with a debt-to-asset ratio exceeding **70%** is **RMB 156.82 million**[146](index=146&type=chunk) [Explanation of Other Significant Matters](index=46&type=section&id=Explanation%20of%20Other%20Significant%20Matters) The company disclosed progress on several significant matters, including the Liaoyang Intermediate People's Court's ruling to transfer **32.7166%** equity in Shanghai Dongshuo Environmental Protection Technology Co., Ltd. held by Chen Yegang to the company to offset debts, the company's lawsuit against Chengdu Jinshida High-Tech Co., Ltd. and Jiaye Petrochemical Co., Ltd. for unfulfilled impairment compensation obligations, and the ongoing arbitration case with Sinopec Group Assets Management Co., Ltd. regarding investment funds - The Liaoyang Intermediate People's Court in Liaoning Province ruled to transfer **32.7166%** of the equity in Shanghai Dongshuo Environmental Protection Technology Co., Ltd. held by the执行人 Chen Yegang to the company to offset debts, and the case enforcement has been concluded[150](index=150&type=chunk) - The company filed a lawsuit against Chengdu Jinshida High-Tech Co., Ltd. and Jiaye Petrochemical Co., Ltd. for failing to fulfill their obligation to pay impairment compensation for the solvent oil unit to Sichuan Oxirane Chemical Co., Ltd.; the case has been accepted but not yet heard[151](index=151&type=chunk) - The arbitration case between the company and Sinopec Group Assets Management Co., Ltd. regarding investment funds was heard on April 15, 2025, and is currently awaiting a decision[151](index=151&type=chunk) [Significant Matters of Company's Subsidiaries](index=47&type=section&id=Significant%20Matters%20of%20Company%27s%20Subsidiaries) During the reporting period, there were no significant matters concerning the company's subsidiaries - The company reported no significant matters concerning its subsidiaries during the reporting period[152](index=152&type=chunk) Part VI [Changes in Share Capital and Shareholder Information](index=48&type=section&id=Changes%20in%20Share%20Capital%20and%20Shareholder%20Information) This section details changes in the company's share capital, information on securities issuance and listing, shareholder numbers, shareholding structures, and changes in holdings by directors, supervisors, and senior management [Changes in Share Capital](index=48&type=section&id=Changes%20in%20Share%20Capital) During the reporting period, there were no changes in the company's total share capital, restricted shares, or unrestricted shares, either in quantity or proportion 2025 Semi-Annual Changes in Share Capital | Share Type | Quantity Before Change (shares) | Proportion Before Change (%) | Increase/Decrease in This Change (shares) | Quantity After Change (shares) | Proportion After Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 1,890,237 | 0.26 | 0 | 1,890,237 | 0.26 | | Of which: Shares held by domestic natural persons | 1,890,237 | 0.26 | 0 | 1,890,237 | 0.26 | | II. Unrestricted Shares | 678,207,963 | 99.74 | 0 | 678,207,963 | 99.74 | | Of which: RMB ordinary shares | 678,207,963 | 99.74 | 0 | 678,207,963 | 99.74 | | III. Total Shares | 680,098,200 | 100.00 | 0 | 680,098,200 | 100.00 | - During the reporting period, there were no reasons, approvals, or transfer situations for share changes, nor any progress on share repurchases[156](index=156&type=chunk) [Issuance and Listing of Securities](index=49&type=section&id=Issuance%20and%20Listing%20of%20Securities) During the reporting period, the company had no issuance or listing of securities - The company had no issuance or listing of securities during the reporting period[156](index=156&type=chunk) [Number of Shareholders and Shareholding Information](index=49&type=section&id=Number%20of%20Shareholders%20and%20Shareholding%20Information) As of the end of the reporting period, the company had **35,553** ordinary shareholders; the controlling shareholder, Oxirane Holding Group Co., Ltd., held **52.89%** of shares, making it the largest shareholder, with some of its shares pledged; other top ten shareholders each held less than **5%**, and the company is unaware of any associated relationships or concerted actions among other shareholders - The total number of ordinary shareholders at the end of the reporting period was **35,553**[157](index=157&type=chunk) 2025 Semi-Annual Shareholding of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Ratio (%) | Number of Shares Held at Period-End (shares) | Number of Restricted Shares Held (shares) | Number of Unrestricted Shares Held (shares) | Share Status | Quantity (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Oxirane Holding Group Co., Ltd. | Domestic non-state-owned legal person | 52.89 | 359,698,573.00 | 0 | 359,698,573.00 | Pledged | 75,024,092 | | Guangdong Demei Fine Chemical Group Co., Ltd. | Domestic non-state-owned legal person | 4.74 | 32,267,200.00 | 0 | 32,267,200.00 | Not applicable | 0 | | Zhu Xiangyang | Domestic natural person | 0.65 | 4,441,900.00 | 0 | 4,441,900.00 | Not applicable | 0 | | Yuan Zhonghua | Domestic natural person | 0.46 | 3,131,800.00 | 0 | 3,131,800.00 | Not applicable | 0 | | Wu Jianting | Domestic natural person | 0.26 | 1,752,400.00 | 0 | 1,752,400.00 | Not applicabl

辽宁奥克化学股份有限公司 关于董事会换届选举的公告 董事候选人人数符合相关法律法规、规范性文件及《公司章程》的有关规定， 公司第七届董事会董事候选人中兼任公司高级管理人员及由职工代表担任的董 事的人数总计未超过公司董事总数的二分之一，独立董事人数未低于董事会成员 总数的三分之一。 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。 辽宁奥克化学股份有限公司（以下简称"公司"）第六届董事会任期将于2025 年9月6日届满，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——创业板上市公司规范运作》及《公司章程》的有关规定，公司于2025年8 月22日召开第六届董事会第十七次会议，审议通过了《关于修订<公司章程>的议 案》《关于公司董事会换届选举暨提名第七届董事会非独立董事候选人的议案》 《关于公司董事会换届选举暨提名第七届董事会独立董事候选人的议案》。本次 换届选举事项尚需提交股东大会审议，并采取累积投票制进行表决。现将具体情 一、第七届董事会组成 公司第七届董事会由9名董事组成，其中非 ...