Jiangxi Hungpai New Material (SH:605366) Sou Hu Cai Jing·2025-09-06 23:04Core Viewpoint - Hongbai New Materials (605366) has seen a stock price increase of 2.72% this week, closing at 6.42 yuan, with a total market capitalization of 4.06 billion yuan as of September 5, 2025 [1][2]. Group 1: Stock Performance - As of September 5, 2025, Hongbai New Materials' stock closed at 6.42 yuan, up from 6.25 yuan the previous week, marking a 2.72% increase [1]. - The stock reached a weekly high of 6.43 yuan on September 5 and a low of 6.08 yuan on September 3 [1]. - The company's current total market capitalization is 4.06 billion yuan, ranking 110th out of 169 in the chemical products sector and 3804th out of 5152 in the A-share market [1]. Group 2: Company Announcements - Hongbai New Materials plans to conduct foreign exchange hedging activities with a total amount not exceeding 80 million USD, funded by its own resources [2][3]. - The company intends to abolish its supervisory board, transferring its powers to the audit committee of the board of directors [2][3]. - Several corporate governance documents, including the Articles of Association and related meeting rules, are proposed to be revised [2][3]. - The proposals have been approved by the 21st meeting of the third board of directors and will be submitted for approval at the third extraordinary general meeting of shareholders on September 16, 2025 [2].