Market Overview - The Shanghai Composite Index increased by 0.36% as of the morning close, with a trading volume of 783.11 million shares and a transaction amount of 934.47 billion yuan, a decrease of 3.50% compared to the previous trading day [1] Industry Performance - Real estate, banking, and oil & petrochemicals sectors showed the highest gains, with increases of 1.53%, 1.42%, and 1.23% respectively [1] - The automotive, defense, and electronics sectors experienced the largest declines, with decreases of 0.93%, 0.92%, and 0.76% respectively [2] Leading Stocks - In the real estate sector, Yuhua Development led with a gain of 9.94% [1] - In the banking sector, Minsheng Bank rose by 5.12% [1] - In the oil & petrochemicals sector, *ST Xinchao increased by 5.08% [1] - In the steel sector, Jinling Mining surged by 10.02% [1] - In the non-bank financial sector, Nanhua Futures also rose by 10.02% [1] - In the pharmaceutical sector, Qianyuan Pharmaceutical saw a significant increase of 19.98% [1] Sector Summary - The real estate sector had a transaction amount of 117.03 billion yuan, up 26.74% from the previous day [1] - The banking sector recorded a transaction amount of 266.82 billion yuan, up 36.61% [1] - The oil & petrochemicals sector had a transaction amount of 80.95 billion yuan, up 36.47% [1] - The automotive sector had a transaction amount of 389.36 billion yuan, down 16.50% [2] - The defense sector recorded a transaction amount of 316.85 billion yuan, down 23.79% [2] - The electronics sector had a transaction amount of 1,036.63 billion yuan, down 10.88% [2]

Core Viewpoint - Xu Jiping, a major shareholder and director of Huaye Spice (300886.SZ), plans to reduce his stake in the company by up to 3% within three months, citing personal financial arrangements as the reason for the divestment [1]. Summary by Relevant Sections - **Shareholder Reduction Plan** - Xu Jiping intends to sell no more than 2,243,940 shares, which represents 3% of the company's total share capital [1]. - The reduction will occur in two ways: up to 1% through centralized bidding and up to 2% via block trading [1]. - **Source of Shares** - The shares to be sold are derived from those held prior to the company's initial public offering and shares obtained through capital reserve conversion [1].

证券代码：300886 证券简称：华业香料 公告编号：2025-039 安徽华业香料股份有限公司 关于持股 5%以上股东、董事减持股份的预披露公告 5%以上股东、董事徐基平先生保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或者重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 安徽华业香料股份有限公司（以下简称"公司"）于近日收到： 公司持股5%以上股东、董事徐基平先生的《关于股份减持计划的告知函》。徐基平 先生计划在本公告披露之日起15个交易日后的三个月内拟减持公司股份不超过2,243,940 股（占公司当前总股本的3%）。其中：通过集中竞价交易方式减持公司股份的数量不超 过公司当前总股本的1%；通过大宗交易方式减持公司股份的数量不超过公司当前总股本 的2%。 一、拟减持股东的基本情况 | 股东名称 | 股东身份 | 持股数量 | 占总股本比例 | | --- | --- | --- | --- | | 徐基平 | 5%以上股东、董事、 | 11,988,600 | 16.03% | | | 总经理 | | | 注：截止公告披露前一交易日，公司 ...

Group 1 - The company, Anhui Huaye Fragrance Co., Ltd., plans to raise up to 113 million yuan through a simplified procedure to fund the first phase of a project aimed at producing 1,300 tons of fragrance annually [1] - The company specializes in the research, production, and sales of lactone series fragrances, which are widely used in food, beverages, daily chemicals, tobacco, and feed industries [1] - From 2022 to 2024, the company's revenue is projected to grow from 255 million yuan to 345 million yuan, with year-on-year growth rates of 3.42%, 5.72%, and 28.12% respectively [1] Group 2 - The company's debt-to-asset ratio is expected to decrease from 12.35% in 2022 to 10.49% in 2024, indicating an improvement in financial structure and risk resistance [1] - The company aims to enhance its supply capacity of lactone series fragrances and increase market share through the implementation of the fundraising project [2] - The global fragrance and flavor industry is projected to grow from approximately 30.6 billion USD in 2023 to 32.1 billion USD by 2025, indicating a favorable market environment for the company [2] Group 3 - The company has announced a dividend distribution plan for the next three years (2025-2027), with a minimum cash dividend ratio of 80% during mature stages without major capital expenditures [2] - The differentiated dividend policy is designed to enhance investor confidence and improve the company's market image and value [2] - This policy allows the company to flexibly allocate profits according to its actual situation while ensuring shareholder interests and meeting funding needs during different development stages [2]

Core Viewpoint - Huaye Fragrance plans to raise a maximum of 113 million yuan through a simplified procedure for issuing shares to specific investors, with the funds primarily allocated for the first phase of a project to produce 1,300 tons of fragrance annually [1][4]. Group 1: Fundraising and Project Details - The total investment for the annual production of 3,230 tons of fragrance project is 140.63 million yuan, with 113 million yuan coming from the current fundraising [3]. - The pricing benchmark for the share issuance will be set at no less than 80% of the average stock price over the 20 trading days prior to the pricing date [2][3]. - The issuance will target no more than 35 specific investors, including qualified institutional investors and other eligible entities as per the regulations of the China Securities Regulatory Commission [4]. Group 2: Shareholder Structure and Control - As of the announcement date, the controlling shareholder, Huawen Liang, holds 28.19% of the company's total shares directly and an additional 4.56% indirectly, totaling 32.75% [5]. - The share issuance is not expected to change the company's control structure, as Huawen Liang will remain the controlling shareholder post-issuance [5]. Group 3: Financial Performance - In Q1 2025, Huaye Fragrance reported a revenue of 98 million yuan, a year-on-year increase of 24.06%, and a net profit attributable to shareholders of 11 million yuan, up 94.50% [6][7]. - The company has shown a significant improvement in net profit over the past four years, with total net profit for shareholders reaching 0.56 billion yuan from 2021 to 2024 [7]. - For the year 2024, the company reported a revenue of approximately 345 million yuan, a 28.12% increase from 2023, and a net profit of about 22 million yuan, marking a 659.83% increase [8].

Core Viewpoint - Anhui Huaye Spice Co., Ltd. has approved a plan to issue shares to specific investors through a simplified procedure, aiming to raise funds not exceeding 113 million yuan, which aligns with regulatory requirements and the company's strategic goals [2][7][10]. Group 1: Meeting and Approval - The supervisory board meeting was held on June 19, 2025, with all five supervisors present, and the meeting was deemed legal and effective [1]. - The supervisory board unanimously approved the proposal for the company to issue shares to specific investors, confirming compliance with relevant laws and regulations [2][3]. Group 2: Issuance Details - The type of shares to be issued is ordinary shares (A-shares) with a par value of 1.00 yuan per share [2]. - The issuance will occur within ten working days after the China Securities Regulatory Commission (CSRC) grants registration [2]. - The target investors include up to 35 specific investors, such as securities investment funds, securities companies, and qualified foreign institutional investors [2][3]. Group 3: Pricing and Quantity - The pricing benchmark date is set for the first day of the issuance period, with the issuance price not lower than 80% of the average trading price over the previous 20 trading days [4]. - The total number of shares issued will not exceed 30% of the company's total shares prior to the issuance, with the total fundraising amount capped at 300 million yuan [5][6]. Group 4: Fund Utilization - The funds raised will be used for a project to produce 3,230 tons of spices, with an investment total of 140.63 million yuan, of which 113 million yuan will come from the issuance [6]. - If the actual net amount raised is less than the planned investment, the company will cover the shortfall with self-raised funds [6]. Group 5: Regulatory Compliance and Future Steps - The issuance plan must be approved by the Shenzhen Stock Exchange and registered with the CSRC before implementation [10]. - The resolution for the issuance is valid until the 2025 annual general meeting [10].

Meeting Details - The company will hold its first extraordinary general meeting of shareholders in 2025 on July 15, 2025, at 14:30 [1] - Shareholders can vote through on-site attendance or online voting via the Shenzhen Stock Exchange system on the same day [1][2] - The registration deadline for shareholders to attend the meeting is July 10, 2025 [2] Voting Procedures - Shareholders can choose one voting method: on-site voting, Shenzhen Stock Exchange trading system voting, or internet voting [2] - The voting results will consider only the first valid vote in case of duplicate votes [2] - Special resolutions require approval from more than two-thirds of the voting rights held by attending shareholders [3] Agenda Items - The meeting will discuss three main proposals: 1. Proposal to change the total number of shares and registered capital, and amend the company’s articles of association [2][6] 2. Proposal for the simplified procedure for issuing shares to specific targets, which may dilute immediate returns and related commitments [2][6] 3. Proposal for the three-year shareholder dividend return plan for 2025-2027 [2][6] Registration and Attendance - Registration for corporate shareholders requires legal representatives to present identification and company documents [4] - Individual shareholders must present personal identification and securities account cards for registration [4] - Remote shareholders can register via mail or fax, with confirmation required [4] Online Voting Instructions - Shareholders can participate in online voting through the Shenzhen Stock Exchange system, with detailed procedures provided in the attachments [6][7] - The voting process includes setting up proposals and submitting voting opinions [6]

Core Viewpoint - Anhui Huaye Fragrance Co., Ltd. plans to issue shares through a simplified procedure to specific targets, which may dilute immediate returns, and has proposed measures to compensate for this dilution [2][6][14]. Financial Impact Analysis - The company estimates that the total amount raised from this issuance will be 113 million yuan, with a maximum of 22.4394 million shares to be issued [3][4]. - The financial impact of the issuance on key indicators has been analyzed under three scenarios regarding net profit for 2025 compared to 2024: a 10% increase, no change, and a 10% decrease [4][5]. - Before the issuance, the total share capital is 74.798 million shares, which will increase to 97.2374 million shares post-issuance [4]. Scenarios for Financial Indicators - **Scenario 1**: If the net profit increases by 10%, the basic earnings per share (EPS) will rise from 0.30 yuan to 0.32 yuan [4]. - **Scenario 2**: If the net profit remains unchanged, the EPS will stay at 0.30 yuan [4]. - **Scenario 3**: If the net profit decreases by 10%, the EPS will drop to 0.27 yuan [4]. Necessity and Reasonableness of the Issuance - The fundraising project is closely aligned with the company's main business and complies with national industrial policies, aiming to enhance market competitiveness and achieve sustainable development [6][7]. - The new production capacity will help maintain the company's leading position in the fragrance industry [6][10]. Measures to Mitigate Dilution Impact - The company will implement strict management and usage protocols for the raised funds to ensure effective and safe utilization [11][12]. - The company plans to accelerate the construction of the fundraising projects to achieve expected benefits as soon as possible [12]. - A profit distribution system will be established to enhance investor return mechanisms, ensuring continuous and stable profit distribution [12][13]. Commitments from Key Stakeholders - The company's board and senior management have committed to ensuring the effectiveness of the measures to compensate for the dilution of immediate returns [13][14]. - The controlling shareholder has also made commitments to uphold the measures aimed at protecting shareholder interests [14].

Core Viewpoint - Anhui Huaye Spice Co., Ltd. has disclosed its compliance with regulatory requirements and the absence of penalties from securities regulatory authorities over the past five years, while addressing recent regulatory measures taken against the company [1][5]. Regulatory Measures and Penalties - The company has not faced any penalties from securities regulatory authorities or exchanges in the last five years [1]. - In 2023, the company received a warning letter from the Anhui Securities Regulatory Bureau due to non-compliance in board operations and insider information management [2][3]. - Specific issues included non-compliance in board member voting on remuneration matters and inadequate management of insider information registrants [2][3]. Remedial Actions - The company has committed to improving governance by enhancing compliance with relevant laws and regulations, including the Company Law and the Securities Law [1]. - Management and relevant personnel have undertaken training on governance and compliance to ensure adherence to regulations during board meetings [4]. - The company has revised its insider information management system and will strengthen the execution of compliance measures moving forward [4].

Core Viewpoint - The company has established a three-year shareholder dividend return plan for 2025-2027 to enhance transparency in profit distribution and protect investors' rights [2][3]. Group 1: Planning Considerations - The plan considers long-term sustainable development, shareholder demands, social capital costs, and external financing environments [2]. - The company aims to balance short-term and long-term interests of shareholders while ensuring a stable profit distribution policy [2]. Group 2: Distribution Principles - The plan will comply with national laws and regulations, ensuring continuous and stable profit distribution while considering the long-term interests of all shareholders [2][3]. - The company will seek input from shareholders, especially minority shareholders, independent directors, and supervisors during the decision-making process [2][3]. Group 3: Specific Dividend Return Plan (2025-2027) - The company will prioritize cash dividends, with a principle of distributing cash dividends at least once a year, subject to profitability and funding needs [3]. - The cash dividend proportion will vary based on the company's development stage and major capital expenditure plans, with minimum cash dividend ratios set at 80%, 40%, and 20% for different scenarios [3][4]. Group 4: Conditions for Cash Dividends - Cash dividends can only be implemented if the following conditions are met: earnings per share of at least 0.1 yuan, a standard unqualified audit report, and no major investment plans or cash expenditures [4][5]. Group 5: Decision Mechanism and Procedures - The profit distribution proposal will be drafted based on the company's situation and funding needs, reviewed by the board and supervisory committee, and submitted for shareholder approval [5][6]. - Independent directors can express independent opinions on the cash dividend plan, and any non-accepted opinions must be disclosed [6]. Group 6: Adjustment Mechanism - The company will review the shareholder return plan every three years, considering previous execution and feedback from shareholders and independent directors [7]. - Any adjustments to the profit distribution policy must follow established procedures and receive approval from two-thirds of voting shareholders [6][7].