星辉环材公告，2025年上半年营业收入6.66亿元，同比下降19.47%。净利润2598.03万元，同比下降 48.14%。公司拟以利润分配方案披露时享有利润分配权的股本总额1.88亿股为基数，向全体股东每10股 派发现金红利0.50元（含税）。 ...

星辉环保材料股份有限公司 2025 年半年度报告 1 2025 年 8 月 2 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人陈粤平、主管会计工作负责人王丽容及会计机构负责人(会计 主管人员)林金谷声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 公司半年度报告涉及的未来计划等前瞻性陈述，不构成公司对投资者的 实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并请理解计 划、预测与承诺之间的差异。 本报告第三节"管理层讨论与分析"之"十、公司面临的风险和应对措 施"中详细描述了公司经营中可能存在的各项风险因素以及应对措施，敬请 广大投资者关注和阅读相关内容。 公司经本次董事会审议通过的利润分配预案为：以利润分配方案披露时 享有利润分配权的股本总额 188,331,181 股（总股本 193,712,353 股扣除公 司回购账户持有的股份 5,381,172 股）为基数，向全体股东每 10 股派发现金 红利 ...

Group 1 - The core viewpoint of the news is that Xinghui Environmental Materials experienced a decline in stock price and trading volume, with significant changes in financing and stockholder metrics [1][2]. - On August 27, Xinghui Environmental Materials' stock fell by 4.44%, with a trading volume of 107 million yuan. The net financing buy was -1.40 million yuan, indicating more repayment than new purchases [1]. - As of August 27, the total financing and securities balance for Xinghui Environmental Materials was 58.91 million yuan, which represents 1.26% of its circulating market value, indicating a high level compared to the past year [1]. Group 2 - As of March 31, the number of shareholders for Xinghui Environmental Materials was 22,900, a decrease of 2.42% from the previous period, while the average circulating shares per person increased by 14.97% to 3,002 shares [2]. - For the first quarter of 2025, Xinghui Environmental Materials reported operating revenue of 322 million yuan, a year-on-year decrease of 11.46%, and a net profit attributable to shareholders of 18.38 million yuan, down 16.59% year-on-year [2]. - Since its A-share listing, Xinghui Environmental Materials has distributed a total of 581 million yuan in dividends, with 154 million yuan distributed over the past three years [2].

星辉环保材料股份有限公司 证券代码：300834 证券简称：星辉环材 公告编号：2025-023 本公司及董事会全体人员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 特别提示： 1、根据《中华人民共和国公司法》规定，星辉环保材料股份有限公司（以下简 称"公司"）通过回购专用证券账户持有的公司股份 5,381,172 股不享有参与本次 权益分派的权利。公司 2024 年度权益分派方案为：以公司现有总股本剔除已回购股 份 5,381,172 股后的 188,331,181 股为基数，按照分配比例不变的原则，向全体股 东每 10 股派 2.60 元人民币现金（含税），不送红股，不以公积金转增股本，共计 派发现金股利 48,966,107.06 元，剩余未分配利润结转至以后年度分配。 2、因公司回购专用证券账户上的股份不参与本次权益分派，公司本次实际现金 分红的总金额=实际参与分配的股本×每股派发现金，即 48,966,107.06 元 =188,331,181 股×0.26 元/股。按公司总股本（含回购股份）折算的每 10 股现金分 红金额=现金分红总额/总股本*10 股=48,96 ...

Group 1 - The National New Office will hold two press conferences on July 14, focusing on the financial statistics for the first half of 2025 and import-export data [1] - The 12th World Chemical Engineering Conference and the 21st Asia-Pacific Chemical Alliance Conference will take place from July 14 to 18, addressing challenges in chemical engineering and future talent education [2] Group 2 - On July 14, a total of 14 companies will have their restricted shares unlocked, with a total unlock volume of 1.008 billion shares, amounting to a market value of 14.507 billion yuan [3] - Six companies will have over 10 million shares unlocked, with Zhaoxin Co., Beixin Road and Bridge, and Tianyue Advanced leading in unlock volume [3] - The companies with the highest unlock market value include Tianyue Advanced, Xinghui Huan Material, and Huasheng Lithium Battery, with values of 7.487 billion yuan, 2.753 billion yuan, and 1.826 billion yuan respectively [3] Group 3 - Four companies disclosed stock repurchase progress on July 14, with one company reporting ongoing repurchase and three completing their repurchase plans [4] - The highest repurchase amount reported was 20.0616 million yuan by Cambrian [4] - Companies that completed repurchases include Wanhua Chemical, Qingyuan Co., and Mercury Home Textiles, with repurchase amounts of 500 million yuan, 4.2422 million yuan, and 291,900 yuan respectively [4] Group 4 - A total of 106.5 billion yuan in 7-day reverse repos will mature today, following a central bank operation on July 7 with an interest rate of 1.40% [5] Group 5 - Economic data such as India's June CPI year-on-year and Japan's May production capacity index will be released [6]

Core Viewpoint - The report outlines the verification opinion of ShenGang Securities Co., Ltd. regarding the listing and circulation of certain shares of Xinghui Environmental Materials Co., Ltd. prior to its initial public offering (IPO) [1][11]. Group 1: Overview of Shares - Xinghui Environmental Materials Co., Ltd. issued 48,428,100 shares during its IPO, which was approved by the China Securities Regulatory Commission and listed on the Shenzhen Stock Exchange on January 13, 2022 [1]. - As of the date of the verification opinion, the total share capital of the company is 193,712,353 shares, with 68,885,310 shares (35.56%) being freely tradable [1]. Group 2: Details of Restricted Shares - The shares to be released from restriction amount to 124,827,043 shares, representing 64.44% of the total share capital, with the original lock-up period set for 36 months [2]. - Due to the fulfillment of conditions for extending the lock-up period, the release date for these shares is now set for July 14, 2025 [2]. Group 3: Shareholder Commitments - The shareholders applying for the release of restrictions include Guangdong Xinghui Holdings Co., Ltd., Xinghui Composite Materials (Hong Kong) Co., Ltd., and several individuals who are the actual controllers of the company [2]. - These shareholders have made commitments not to transfer or manage the shares directly or indirectly held before the IPO, and to comply with relevant regulations regarding share transfers [4][5]. Group 4: Compliance and Verification - The report confirms that the shareholders have adhered to their commitments regarding the lock-up period and that there are no violations affecting the release of restricted shares [8][11]. - The verification by the sponsor indicates that the application for the release of restricted shares complies with relevant laws and regulations [11].

星辉环保材料股份有限公司 证券代码：300834 证券简称：星辉环材 公告编号：2025-022 星辉环保材料股份有限公司 关于部分首次公开发行前已发行股份上市流通的提示性公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 特别提示： 1、本次解除限售的股份为公司首次公开发行前已发行的部分股份，解除限售股 份数量为 124,827,043 股，占公司总股本比例为 64.44%。 2、本次解除限售的股份原定上市流通日为 2025 年 7 月 13 日，因 2025 年 7 月 13 日为非交易日，故上市流通日期顺延至下一交易日 2025 年 7 月 14 日（星期一）。 一、首次公开发行前已发行股份概况 公司上市后未发生因股份增发、回购注销、派发股份股利或资本公积金转增股 本等导致公司股份变动的情形。 本次解除限售的股份为公司首次公开发行前已发行的部分股份，解除股份限售 的股东数量为5户，股份数量为124,827,043股，占公司总股本比例为64.44%，限售 期原为自公司首次公开发行并上市之日起36个月，因触发延长股份锁定期的承诺履 行条件，前述股东持有的 ...

申港证券股份有限公司 关于星辉环保材料股份有限公司 部分首次公开发行前已发行股份上市流通事项的核查意见 申港证券股份有限公司（以下简称"保荐人"）作为星辉环保材料股份有限 公司（以下简称"星辉环材"、"公司"）首次公开发行股票并在创业板上市及持 续督导的保荐人，根据《证券发行上市保荐业务管理办法》《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》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业 务》等相关规定，对星辉环材部分首次公开发行前已发行股份上市流通的事项进 行了审慎核查，其具体情况如下： 一、首次公开发行前已发行股份概况 经中国证券监督管理委员会《关于同意星辉环保材料股份有限公司首次公开 发行股票注册的批复》（证监许可〔2021〕3801 号）核准，并经深圳证券交易所 同意，星辉环材首次公开发行人民币普通股（A 股）48,428,100 股，于 2022 年 1 月 13 日在深圳证券交易所创业板上市交易。公司首次公开发行股票前总股本为 145,284,253 股，首次公开发行完成后，公司总股本为 193,712,353 股。 ...

Industry Overview - Polystyrene (PS) is a polymer synthesized from styrene monomers through free radical polymerization, classified into general-purpose polystyrene (GPPS), high-impact polystyrene (HIPS), and expandable polystyrene (EPS) [1][4] - The production capacity of polystyrene in China has been steadily increasing, with production expected to reach 4.286 million tons in 2024, up from 2.65 million tons in 2018, representing a year-on-year increase of 7.1% [1][10] Production Side - China's polystyrene production capacity has grown significantly, reaching 6.8 million tons in 2024, a year-on-year increase of 10.57% [6] - The integration trend of styrene-PS facilities is notable, with 45,000 tons of new integrated capacity accounting for 69.23% of the new capacity in 2024 [6] - The majority of polystyrene production capacity is concentrated in East and South China, with East China accounting for 72% and South China for 16% [8] Import and Export - Since 2021, China's polystyrene import volume has declined due to increased domestic production capacity, with imports of 509,300 tons in 2024, down 19.64% year-on-year [12] - Exports have increased, with 543,000 tons exported in 2024, a year-on-year increase of 3.41%, marking a shift from trade deficit to trade surplus [12] Consumption Side - The apparent consumption of polystyrene in China has risen to 4.2523 million tons in 2024, up from 3.4828 million tons in 2018, reflecting a year-on-year growth of 3.45% [14] Company Landscape - Key players in the polystyrene industry include Zhenjiang Qimei Chemical Co., Huizhou Renxin New Materials Co., Xinghui Environmental Materials Co., and Shanghai Yingke Industrial Co. [16][19] - Zhenjiang Qimei Chemical focuses on diversifying its product range and enhancing the proportion of high-tech products [17] - Huizhou Renxin has a production capacity of over 210,000 tons of general-purpose polystyrene and 90,000 tons of high-impact polystyrene [17] - Xinghui Environmental is the largest polystyrene producer in South China, with a production capacity of 350,000 tons [19] Future Trends - The polystyrene industry is expected to see steady capacity expansion, with total capacity projected to exceed 8 million tons by the end of 2025, although competition is intensifying due to oversupply [21] - Export markets are becoming increasingly important, with a compound annual growth rate of 40.52% in exports since 2019, and expectations for exports to exceed 300,000 tons by 2025 [22] - Supportive policies and regulations are being implemented to promote the healthy and standardized development of the polystyrene industry [23]

Product Overview - The company offers two main product series: GPPS and HIPS, with HIPS being a high-value, environmentally friendly material used in high-end applications such as electronics and medical devices. In 2024, HIPS sales revenue reached 100,729.93 million CNY, a 14.05% increase from the previous year [1] - GPPS is primarily used in toys, daily plastic products, packaging materials, and optical materials [1] Profitability and Cost Structure - HIPS products have a higher gross margin compared to GPPS due to their enhanced properties and higher sales prices. The production process for HIPS includes rubber modification, which increases product value [2] - Styrene, the main raw material, accounts for approximately 90% of production costs [2] Production Capacity and Flexibility - The company operates three interchangeable polystyrene production lines that can flexibly adjust to market demand for either HIPS or GPPS products [2] Pricing Strategy - The company employs a daily pricing strategy based on market supply and demand, competitor pricing, inventory levels, production costs, and logistics considerations, maintaining a policy of payment before delivery [2] Future Development Plans - The company is focused on exploring new technologies and materials, aiming to develop high-value, high-tech polymer materials. It also plans to consider mergers and acquisitions to enhance profitability and competitive strength [2] Risk Disclosure - Any forward-looking statements regarding future plans or performance do not constitute a commitment to investors, who should remain aware of the associated risks [2]