一、业绩说明会类型 本次业绩说明会以网络互动形式召开，公司将针对2025年第三季度经营成 果、财务状况等具体情况与投资者进行互动交流和沟通，并在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、业绩说明会召开的时间、地点 （一）召开时间：2025 年 12 月 1 日（星期一）15:00-16:00 证券代码：601216 证券简称：君正集团 公告编号：临2025-038号 内蒙古君正能源化工集团股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 问题征集：投资者可于 2025 年 11 月 24 日（星期一）至 11 月 28 日（星 期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司 邮箱进行提问，公司将在业绩说明会上对投资者普遍关注的问题进行回答。 内蒙古君正能源化工集团股份有限公司（以下简称"公司"）已于2025年10 月30日在上海证券交易所网站披露了《君正集团2025年第三季度报告》，为便于 广大投资者更全 ...

内蒙古君正能源化工集团股份有限公司 2025 年第一次临时股东大会会议资料 内蒙古·乌海 二○二五年十一月二十七日 | | | 2025 年第一次临时股东大会会议资料 内蒙古君正能源化工集团股份有限公司 股东大会会议须知 为维护股东的合法权益，保障股东在公司 2025 年第一次临时股东大会期间 依法行使权力，确保股东大会的正常秩序和议事效率，依据中国证券监督管理委 员会《上市公司股东会规则》及《君正集团股东大会议事规则》等有关规定，特 制定本须知。 一、请按照本次股东大会会议通知（详见 2025 年 11 月 12 日刊登于上海证 券交易所网站的《君正集团关于召开 2025 年第一次临时股东大会的通知》）中 规定的时间和登记方法办理参会手续，证明文件不齐或手续不全的，谢绝参会。 二、董事会以维护股东合法权益、确保股东大会正常秩序和议事效率为原则， 认真履行法定职责。 三、股东参加股东大会依法享有发言权、质询权、表决权等权利，同时也应 履行法定义务，自觉维护会场秩序，尊重其他股东的合法权益。进入会场后，请 关闭手机或将手机调至静音状态。 四、股东要求在股东大会上发言的，应取得大会主持人的同意，发言主题应 与本次 ...

Core Viewpoint - The report highlights the growth of China's ethylene production, indicating a positive trend in the industry with a projected increase in output and significant year-on-year growth rates [1]. Industry Summary - As of September 2025, China's ethylene production reached 2.99 million tons, reflecting a year-on-year growth of 5.3% [1]. - Cumulatively, from January to September 2025, the total ethylene production in China was 27.399 million tons, marking a cumulative growth of 7% [1]. - The report is based on data from the National Bureau of Statistics and is part of a comprehensive market research study by Zhiyan Consulting, which focuses on the ethylene industry from 2025 to 2031 [1]. Company Summary - Listed companies in the ethylene sector include China Petroleum (601857), China Petrochemical (600028), Wanhua Chemical (600309), and others, indicating a diverse range of players in the market [1]. - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing in-depth research reports and tailored services to support investment decisions in the ethylene sector [1].

Core Viewpoint - Junzheng Group's stock has experienced fluctuations, with a current price of 5.18 CNY per share and a market capitalization of 43.709 billion CNY, reflecting a year-to-date increase of 1.37% and a recent decline of 3.36% over the past five trading days [1]. Financial Performance - For the period from January to September 2025, Junzheng Group reported a revenue of 18.691 billion CNY, representing a year-on-year growth of 1.63%. The net profit attributable to shareholders was 2.798 billion CNY, showing a significant increase of 24.93% compared to the previous year [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Junzheng Group reached 184,700, an increase of 3.03% from the previous period. The average number of circulating shares per shareholder decreased by 2.94% to 45,682 shares [2]. Dividend Distribution - Since its A-share listing, Junzheng Group has distributed a total of 14.479 billion CNY in dividends, with 5.485 billion CNY distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the fourth largest circulating shareholder, holding 97.318 million shares, a decrease of 7.1485 million shares from the previous period. The fifth largest shareholder, Hongli Low Volatility (512890), increased its holdings by 8.048 million shares to 70.2073 million shares [3].

Report Industry Investment Rating No relevant content provided. Core Views - The caustic soda industry still faces certain supply - demand pressures. The purchasing enthusiasm of the main downstream alumina has declined, and the long - term supply - demand remains under pressure. The price is expected to fluctuate weakly. For PVC, the supply - demand is in an oversupply situation, and the price is hard to be optimistic, with an expected continuation of the bottom - weakening pattern. Futures strategies suggest a bearish approach, and option strategies suggest waiting and seeing [2][3][4][5]. Summary by Related Catalogs Caustic Soda - **Price and Market Situation**: The caustic soda futures price has shown various trends due to factors such as macro - environment, supply - demand changes, and cost fluctuations. The spot price has also been affected by factors like alumina demand and enterprise profit. For example, the Shandong liquid chlorine price going negative has impacted enterprise profits, and the price has support at the 2350 level [8]. - **Supply**: The national average weekly weighted operating load rate of sample enterprises was 89.79%, a decrease of 0.07 percentage points from last week. The caustic soda output in terms of 100% purity was 86.62 tons, a 0.08% decrease from last week. Some chlor - alkali plants reduced production due to maintenance or breakdowns. There are also many maintenance plans for caustic soda plants in different regions [27][28]. - **Demand**: Alumina is the main downstream of caustic soda. From the end of 2024 to 2025, there are plans to put into production 12.3 million tons of alumina capacity (including 2 million tons of replacement), with an estimated annual production increase of about 6%. The new alumina capacity is expected to increase the demand for caustic soda by about 800,000 tons per year. However, the alumina industry currently has poor profits, and the price is expected to be weak in the short - term, with a price range of 2750 - 2950 yuan/ton. Non - aluminum downstream industries such as printing, dyeing, and textiles also have weak demand [32][33][36]. - **Export**: In September, the export profit of caustic soda increased, and the export volume rebounded significantly. However, it is estimated that the export profit will decline later [57]. Polyvinyl Chloride (PVC) - **Price and Market Situation**: The PVC futures price has continued to decline due to the lack of positive supply - demand drivers and a poor commodity market atmosphere. The spot price has also been weak, with the core issue being the lack of substantial improvement in supply - demand [64][65]. - **Profit**: The industry profit of PVC has been deteriorating, including the profits of the calcium carbide method and ethylene method in the East China region, as well as the marginal integrated profit and northwest integrated profit [70]. - **Supply**: The domestic PVC powder industry's operating load rate decreased this week. There were 2 new planned maintenance devices, and the overall maintenance loss increased. The overall operating load rate of PVC powder was 76.71%, a decrease of 2.57 percentage points from last week. Among them, the operating load rate of calcium carbide - based PVC powder was 79.57%, a decrease of 0.6 percentage points, and that of ethylene - based PVC powder was 70.13%, a decrease of 7.1 percentage points [84]. - **Demand**: The two major downstream industries of PVC, profiles and pipes, face great pressure. The real estate industry, which is the main demand source, is still in the bottom - building period, and the demand is expected to continue to be negative. The domestic demand has not improved significantly, and the downstream orders are significantly lower than the average level of the past five years, with high raw material and finished - product inventories [96]. - **Inventory**: The PVC inventory has decreased slightly, but the total inventory is still at the highest level in recent years compared year - on - year [104]. - **Export**: In September 2025, the PVC import volume was 14,400 tons, with a month - on - month increase of 16.08% and a year - on - year increase of 7.73%. The export volume was 346,400 tons, with a month - on - month increase of 21.945% and a year - on - year increase of 24.53% [122].

Group 1: Project Initiatives - The company, Junzheng Group, has initiated three new projects as of November 2025, focusing on energy and environmental improvements [1][3][5] - The first project is a photovoltaic energy storage project with a total investment of 197.815 million yuan, aiming for a capacity of 150MW/300MWh [1] - The second project involves ultra-low emission transformation at the coal coking subsidiary, with an investment of 14.7548 million yuan, focusing on comprehensive environmental monitoring and dust suppression [3][4] - The third project is a VOCs recovery and utilization technology transformation for the methanol unit, with a total investment of 5.15 million yuan, aimed at improving VOCs collection efficiency [5] Group 2: Company Overview - Ordos Junzheng Energy Chemical Co., Ltd., a subsidiary of Junzheng Group, was established in March 2010 with a registered capital of 4.22 billion yuan, primarily engaged in chlor-alkali chemicals and new energy [2] - The parent company, Junzheng Group, reported a revenue of 25.211 billion yuan in 2024 and has total assets of 42.8 billion yuan, owning the fifth-largest chemical shipping fleet globally and the largest container logistics network in Asia [2]

Group 1 - The company primarily sells its products in the domestic market, with a relatively small export share [2] - The company does not export to EU countries [2] - The company appreciates the interest shown by investors [2]

Core Viewpoint - The recent personnel adjustments at Inner Mongolia Junzheng Energy Chemical Group Co., Ltd. (Junzheng Group) aim to comply with new regulatory requirements while enhancing the governance structure and professional capabilities of the management team [1][2]. Group 1: Governance and Compliance - The adjustments were made in response to the new Company Law, which mandates that companies with over 300 employees and no supervisory board must include employee directors on their boards [1]. - Junzheng Group's changes ensure that the number of executive directors and employee representatives does not exceed half of the total board members, thereby strengthening compliance with governance regulations [1]. - The restructuring has not led to the loss of key talent, as all resigning directors continue to hold senior management positions within the company [1][2]. Group 2: Management Team Enhancement - Junzheng Group has appointed two new deputy general managers, Wu Guoqiang and Wang Zhe, to bolster its core business segments, signaling a strategic focus on both traditional strengths and emerging markets [2]. - The addition of new board member Liu Chunlei, who has extensive management and investment experience, is expected to enhance the company's capabilities in industry chain extension and investment decision-making [2]. Group 3: Financial Performance - In the first three quarters of the year, Junzheng Group reported a revenue of 18.691 billion yuan, reflecting a year-on-year increase of 1.63%, and a net profit attributable to shareholders of 2.798 billion yuan, which is a 24.93% increase compared to the previous year [2]. - The company has established integrated circular economy industrial chains in Ulanqab and Ordos, focusing on coal, electricity, and chemical production, which contribute to efficient resource utilization and a competitive cost advantage [2]. Group 4: Future Outlook - Following the personnel adjustments, Junzheng Group is positioned to have a clear governance structure and a professional management team, which may enhance its ability to capitalize on opportunities in the energy and chemical industry transformation [3].

Group 1 - The company announced the resignation of three directors: Zhang Haisheng, Zhang Haixian, and Yang Donghai, which will not affect the board's operation or legal requirements [2][3] - The board expressed gratitude for the contributions made by the resigning directors during their tenure [2] Group 2 - The company held a board meeting on November 11, 2025, where it approved the election of Liu Chunlei and Wu Guoqiang as candidates for the board of directors [3][49] - The election will be conducted through a cumulative voting system at the upcoming shareholders' meeting [49] Group 3 - The company approved the adjustment of senior management positions, appointing Wu Guoqiang and Wang Zhe as deputy general managers, and reassigning Zhang Hai from executive deputy general manager to deputy general manager [5][53] - The new appointments will take effect from the date of the board's approval until the end of the current board's term [5] Group 4 - The company announced the cancellation of the supervisory board and the transfer of its responsibilities to the Audit and Risk Control Committee, effective upon shareholder approval [12][17] - The company will revise its articles of association to reflect this change and ensure compliance with current laws and regulations [17][80] Group 5 - The company will hold its first extraordinary general meeting of 2025 on November 27, 2025, to discuss the aforementioned changes and other matters [60][59] - The meeting will include both on-site and online voting options for shareholders [61]

Core Viewpoint - The company has decided to abolish the supervisory board and amend its articles of association, transferring the supervisory functions to the Audit and Risk Control Committee, in compliance with the latest legal regulations and to enhance corporate governance [49][50]. Group 1: Abolishment of Supervisory Board - The supervisory board and its positions will be canceled, with the Audit and Risk Control Committee assuming the supervisory functions as per the Company Law and relevant regulations [49][50]. - The decision requires approval from the shareholders' meeting and will take effect upon approval [49][50]. - Until the shareholders' meeting approves this decision, the supervisory board will continue to perform its duties in accordance with the law and the company's articles of association [50] Group 2: Amendments to Articles of Association - The amendments to the articles of association include the removal of the chapter on the supervisory board and the addition of sections on controlling shareholders, independent directors, and board committees [50]. - The company will seek authorization from the shareholders' meeting to handle necessary business registration changes and amendments to the articles of association [50] Group 3: Governance System Revisions - The board has approved the formulation and revision of several governance systems to align with the updated articles of association and legal requirements [51]. - Specific governance systems that require shareholder approval include the revised rules for the shareholders' meeting and the board meeting [51]. - The revised governance systems will be published on the Shanghai Stock Exchange website after shareholder approval [51] Group 4: Board and Management Changes - The board has nominated candidates for the board of directors and approved adjustments to the positions of some senior management personnel [38][41]. - These changes will take effect from the date of approval by the shareholders' meeting [41] Group 5: Upcoming Shareholders' Meeting - The company has scheduled the first extraordinary shareholders' meeting of 2025 to discuss the proposed changes [44].