Group 1 - The company issued 3.97 million convertible bonds with a total value of 397 million yuan, each with a face value of 100 yuan, approved by the China Securities Regulatory Commission on August 16, 2022 [1][2] - The convertible bonds were listed on the Shenzhen Stock Exchange on September 2, 2022, under the name "Bohui Convertible Bonds" and code "123156" [2] - The conversion period for the bonds is from February 22, 2023, to August 15, 2028, with the conversion price adjusted from 15.05 yuan to 10.69 yuan effective from May 19, 2023 [2][3] Group 2 - The company has a conditional redemption clause for the bonds, which can be triggered if the stock price meets certain criteria, including being at least 130% of the conversion price for 15 out of 30 trading days [3][4] - As of June 30, 2025, the stock price met the criteria for redemption, triggering the conditional redemption clause [4] - The redemption price is set at 100.02 yuan per bond, which includes accrued interest calculated based on a 1.8% annual interest rate [4][5] Group 3 - The company redeemed a total of 8,738 bonds, resulting in a total payment of approximately 873,974.76 yuan, excluding redemption fees [5][6] - The redemption will lead to a decrease in the total outstanding bonds and will result in the delisting of the bonds from the Shenzhen Stock Exchange on August 28, 2025 [6] - The total number of shares increased by 49,506,218 due to the conversion of bonds, which may dilute earnings per share but also reduce the company's debt ratio and increase net assets [6][7] Group 4 - The latest share structure shows that the total share capital increased to 294,963,575 shares after the bond conversion, with specific changes in the distribution of restricted and unrestricted shares [8][9]

Core Viewpoint - 博汇股份 reported a narrowing loss in its 2025 mid-year financial results, with total revenue slightly declining and a significant improvement in net profit loss compared to the previous year [1] Financial Performance Summary - Total revenue for 2025 mid-year was 1.342 billion yuan, a decrease of 1.73% year-on-year [1] - The net profit attributable to shareholders was -59.29 million yuan, an improvement of 43.8% year-on-year [1] - The gross margin was 0.96%, down 96.63% year-on-year, while the net margin was -4.35%, an increase of 43.76% year-on-year [1] - Total expenses (selling, administrative, and financial) amounted to 54.05 million yuan, accounting for 4.03% of revenue, a decrease of 4.5% year-on-year [1] - Earnings per share were -0.25 yuan, an increase of 43.18% year-on-year [1] Cash Flow and Debt Management - Operating cash flow per share was 0.37 yuan, an increase of 143.39% year-on-year, indicating improved cash generation [1] - The company reported a significant increase in cash and cash equivalents, with a net increase of 440.31% due to reduced raw material inventory and tax refunds [4] - The company’s interest-bearing debt decreased by 7.82% year-on-year, totaling 1.259 billion yuan [1] Strategic Adjustments - The company is shifting its development philosophy from "large and strong" to "specialized and precise," focusing on enhancing supply chain resilience and optimizing production processes [6] - It is adjusting its product structure to emphasize special oils and new chemical materials, with innovations such as transformer oil aimed at expanding application areas [6] - The company has opened a wholly-owned subsidiary in Wuxi to explore new liquid cooling business directions [6] Market Position and Future Outlook - 博汇股份 is the only private refinery in China operating bonded high-sulfur fuel oil, breaking the reliance on imports for this product [6] - The company is actively exploring cost reduction and efficiency improvement measures across various operational dimensions [6] - The company’s cash flow situation and debt levels are areas of concern, with a debt ratio of 71.11% for interest-bearing liabilities [7]

Core Viewpoint - 博汇股份 reported a narrowing loss in its 2025 mid-year financial results, with total revenue slightly declining and a significant improvement in net profit loss compared to the previous year [1] Financial Performance - Total revenue for 2025 was 1.342 billion yuan, a decrease of 1.73% year-on-year [1] - The net profit attributable to shareholders was -59.29 million yuan, an improvement of 43.8% year-on-year [1] - The gross margin was 0.96%, down 96.63% year-on-year, while the net margin was -4.35%, an increase of 43.76% year-on-year [1] - Operating cash flow per share was 0.37 yuan, up 143.39% year-on-year [1] Cost and Expenses - Operating costs increased by 36.0% due to macroeconomic policy impacts [3] - Total selling, administrative, and financial expenses amounted to 54.05 million yuan, accounting for 4.03% of revenue, a decrease of 4.5% year-on-year [1] Cash Flow and Debt - Cash and cash equivalents increased significantly by 440.31%, attributed to reduced raw material inventory and tax refunds [3] - The company’s interest-bearing debt decreased by 7.82% to 1.259 billion yuan [1] Business Strategy and Adjustments - The company is shifting its development philosophy from "large and strong" to "specialized and precise," focusing on enhancing supply chain resilience and optimizing production processes [4] - New product developments include transformer oil, which is being adapted for use in energy storage and cooling applications [4] - The company has expanded its international market presence and is the only private refinery in China operating bonded high-sulfur fuel oil [4]

Group 1 - The core viewpoint of the article is that Bohui Co., Ltd. (300839.SZ) reported its semi-annual results for 2025, highlighting the institutional ownership and changes in shareholding [1] - As of August 25, 2025, there are two institutional investors holding a total of 128 million shares, which accounts for 52.26% of Bohui's total share capital [1] - The institutional investors include Ningbo Wenkui Holding Group Co., Ltd. and Wuxi Huishan Yuanxin Xi Wang Industrial Upgrade M&A Investment Partnership (Limited Partnership) [1] Group 2 - The total institutional ownership decreased by 0.47 percentage points compared to the previous quarter [1] - One public fund, Huaxia CSI 500 Index Enhanced A, was disclosed during this period, which was not reported in the previous quarter [1]

Core Points - The company has not distributed cash dividends or issued bonus shares during the reporting period [3] - The company’s controlling shareholder and actual controller have not changed during the reporting period [4] - The company plans to transfer control to the original Xinxiwang Partnership, with the actual controller changing to the Wuxi Huishan State-owned Assets Management Office [4][5] - The company has terminated its investment in a project for the construction of a 1.6 million tons/year new materials and high-end chemicals integrated project [5] Financial Data and Indicators - The company does not require retrospective adjustments or restatements of previous annual accounting data [3] - There are no preferred shareholders during the reporting period [4] Important Events - The transfer of 32,070,538 shares to the original Xinxiwang Partnership has been completed, making it the second-largest shareholder [5] - The company has signed an agreement to terminate the investment and has returned the land related to the terminated project [5]

Company Overview - Bohui Co., Ltd. (SZ 300839) announced the convening of its 27th meeting of the fourth board of directors on August 25, 2025, to review the proposal for the reappointment of the auditing firm for the fiscal year 2025 [1] Financial Performance - For the fiscal year 2024, Bohui Co., Ltd.'s revenue composition is as follows: self-produced refined petroleum products account for 99.16%, materials for refined petroleum products account for 0.57%, and trade in refined petroleum products accounts for 0.26% [1] Market Position - As of the report, Bohui Co., Ltd. has a market capitalization of 4.6 billion yuan [1]

Core Viewpoint - The company reported a stable operating income of 1.342 billion yuan for the first half of the year, while the net profit attributable to shareholders was a loss of 59.29 million yuan, but this represented a year-on-year improvement of 43.80% [1] Financial Performance - The company achieved operating revenue of 1.342 billion yuan, which remained stable year-on-year [1] - The net profit attributable to shareholders was a loss of 59.29 million yuan, showing a year-on-year increase of 43.80% in terms of loss reduction [1] Strategic Initiatives - The company actively responded to adverse impacts during the reporting period by implementing measures to improve its operational and financial conditions [1] - The company optimized existing facilities and processes to achieve large-scale production of bonded high-sulfur fuel oil, aiming to seize opportunities in the international ship refueling market [1] - The company focused on stabilizing its supply structure and building an integrated industrial development ecosystem [1] Loss Reduction - The company reported a significant reduction in losses both year-on-year and quarter-on-quarter during the reporting period [1]

公司于 2025 年 8 月 25 日召开第四届董事会第二十七次会议，审议通过了《关 于增加向银行申请综合授信额度的议案》。为满足公司生产经营需要，公司拟在原有 额度基础上增加向银行申请综合授信额度人民币 2 亿元，增加后公司 2025 年度向银 行申请综合授信额度为 22 亿元，授信额度在授信期限内可循环使用。上述授信额度 最终以银行实际审批的授信额度为准，授信额度不等于公司实际融资金额，具体融 资金额将视公司运营资金的实际需求来合理确定。 董事会提请股东大会授权公司董事长或法定代表人全权办理上述贷款事宜，包 括但不限于签署各项授信合同或协议、承诺书以及其他相关法律文件。 | 证券代码：300839 | 证券简称：博汇股份 | 公告编号：2025-140 | | --- | --- | --- | | 债券代码：123156 | 债券简称：博汇转债 | | 宁波博汇化工科技股份有限公司 关于增加向银行申请综合授信额度的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、已审批的授信额度情况 宁波博汇化工科技股份有限公司（以下简称"公司"）于 2025 ...

| 证券代码：300839 | 证券简称：博汇股份 | 公告编号：2025-137 | | --- | --- | --- | | 债券代码：123156 | 债券简称：博汇转债 | | 宁波博汇化工科技股份有限公司 2025年半年度募集资金存放与使用情况专项报告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司募集资金管理和 使用的监管要求（2022 年修订）》（证监会公告〔2022〕15 号）、《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》以及《深圳证券交易所创业板上市 公司自律监管指南第 2 号——公告格式》的相关规定，本公司就 2025 年半年度募集资金存 放与使用情况作如下专项报告： 一、 募集资金基本情况 (一) 实际募集资金金额、资金到位情况 经中国证券监督管理委员会《关于同意宁波博汇化工科技股份有限公司向不特定对象 发行可转换公司债券注册的批复》（证监许可【2022】1568 号）核准，公司向不特 定对象发行不超过人民币 397,000,000.00 ...

| 证券代码：300839 | 证券简称：博汇股份 | 公告编号：2025-138 | | --- | --- | --- | | 债券代码：123156 | 债券简称：博汇转债 | | 宁波博汇化工科技股份有限公司 截至 2025 年 6 月 30 日止前次募集资金使用情况报告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 根据中国证券监督管理委员会《监管规则适用指引——发行类第 7 号》的相 关规定，本公司将截至 2025 年 6 月 30 日止前次募集资金使用情况报告如下： 一、 前次募集资金基本情况 (一) 实际募集资金金额、资金到位情况 1、 2020 年首次公开发行股票 经中国证券监督管理委员会证监许可[2020]349 号《关于核准宁波博汇化工 科技股份有限公司首次公开发行股票的批复》核准，获准向社会公开发行人民币 普通股（A 股）股票 2,600 万股，每股面值 1 元，发行价格为 16.26 元/股，募集 资金总额 422,760,000.00 元，扣除承销和保荐费用人民币 24,000,000.00 元后的募 集资金为 398,760,0 ...