章程 2025 年 10 月 | 录 | | --- | | 目 | 荣盛石化股份有限公司 公司章程 荣盛石化股份有限公司 第一章 总 则 第一条 为维护公司、股东、职工和债权人的合法权益，规范公司的组织和 行为，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司章程指引》、《深 圳证券交易所股票上市规则》（以下简称"《上市规则》"）和其他有关规定， 结合公司的具体情况，制订本章程。 第二条 荣盛石化股份有限公司系依照《公司法》和其他有关规定成立的股 份有限公司（以下简称"公司"）。 公司以发起方式设立；在浙江省市场监督管理局注册登记，取得营业执照， 统一社会信用代码 91330000255693873W。 第三条 公司于 2010 年 9 月 13 日经中国证券监督管理委员会核准，首次 向社会公众发行人民币普通股 5,600 万股，于 2010 年 11 月 2 日在深圳证券交易 所挂牌上市。 第四条 公司注册名称： （中文全称）荣盛石化股份有限公司。 | 第一章 总 | 则 | 1 | | --- | --- | --- | | 第二章 ...

荣盛石化股份有限公司 总经理工作细则 荣盛石化股份有限公司 总经理工作细则 荣盛石化股份有限公司 总经理工作细则 2025 年 10 月 荣盛石化股份有限公司 总经理工作细则 第一章 总则 第一条 为进一步完善公司法人治理结构，提升公司管理效率，根据《中华 人民共和国公司法》（以下简称"《公司法》"）等法律、法规、规范性文件 及《公司章程》的有关规定，结合公司实际情况，制定本工作细则。 第二章 总经理的任职资格及任免程序 第二条 公司设总经理 1 名，主持公司日常生产经营和管理工作。总经理每 届任期 3 年，由董事会聘任，连聘可以连任。 第三条 公司设副总经理 1 名，协助总经理开展工作，由总经理提请董事会 聘任或者解聘。 （六）被中国证监会采取不得担任上市公司董事、高级管理人员的证券市 场禁入措施，期限尚未届满的； （七）被证券交易所公开认定为不适合担任上市公司董事、高级管理人员 等，期限尚未届满； 1 荣盛石化股份有限公司 总经理工作细则 第四条 有下列情形之一的，不得担任公司的总经理或副总经理： （一）无民事行为能力或者限制民事行为能力； （二）因贪污、贿赂、侵占财产、挪用财产或者破坏社会主义市场经济秩 ...

荣盛石化股份有限公司 董事会办公室档案管理制度 荣盛石化股份有限公司 董事会办公室档案管理制度 2025 年 10 月 荣盛石化股份有限公司 董事会办公室档案管理制度 荣盛石化股份有限公司 （二）融资资料，包括首次公开发行文件资料、再融资文件资料，再融资资料按照 再融资的方式归档，主要包括但不限于非公开发行股票、公司债等。 （三）关联方资料，包括但不限于公司与关联方之间发生的关联交易等文件资料。 （四）投资者关系管理资料，包括但不限于公司通过接听投资者热线、接待调研、 网络互动平台回复等方式方法维护股东、债权人和潜在投资者之间的关系形成的文件资 料。 （五）专项资料，包括但不限于监管机构、会计师事务所、律师事务所、信用评估 机构、券商、银行、保险、基金、媒体等往来文件资料。 1 董事会办公室档案管理制度 第一章 总 则 第一条 为了切实做好荣盛石化股份有限公司董事会办公室（"荣盛石化股份有限公 司"以下简称"公司"，董事会办公室以下简称"本部门"）档案管理工作，根据《中华 人民共和国档案法》《中华人民共和国保守国家秘密法》《中华人民共和国档案法实施条 例》和《企业文件材料归档范围和档案保管期限规定》，结合公司 ...

荣盛石化股份有限公司 独立董事工作制度 第一章 总则 第一条 为进一步完善荣盛石化股份有限公司（以下简称"公司"）的治理结 构，切实保护股东利益，有效规避公司决策风险，促进公司规范运作，根据《中华 人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》、 《上市公司独立董事管理办法》、《荣盛石化股份有限公司章程》（以下简称"《公 司章程》"）等相关规定，特制定公司《独立董事工作制度》（以下简称"本制度"）。 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及主要股 东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行独立客观 判断的关系的董事。 荣盛石化股份有限公司 独立董事工作制度 2025 年 10 月 荣盛石化股份有限公司 独立董事工作制度 荣盛石化股份有限公司 独立董事工作制度 第二章 独立董事构成 第三条 董事会成员中应至少包括三分之一的独立董事，其中至少包括一名会 计专业人士。 第四条 上市公司董事会下设薪酬与考核、审计、提名等专门委员会的，独立 董事应当在审计委员会、提名委员会、薪酬与考核委员会成员中占多数，并担任召 集人。 第三章 独立董事的任职条件 第 ...

Core Insights - The 2025 China Hydrogen Industry Conference was held in Foshan, Guangdong, highlighting the rapid development of the green hydrogen industry in China, with expectations to exceed 3 million tons by 2030 [1][3] Industry Development - By the end of 2024, China is expected to have a green hydrogen production capacity of 120,000 tons, accounting for nearly 50% of the global total [3] - The "Hydrogen Industry Development Medium and Long-term Plan (2021-2035)" aims for renewable energy hydrogen production to reach 100,000 to 200,000 tons per year by 2025, which is anticipated to be achieved [3] - Currently, there are 27,000 hydrogen fuel cell vehicles in operation, representing 28.4% of the global total, and 540 hydrogen refueling stations have been established, making up 40% of the global count [3] Market Potential - Experts predict that by 2030, China's green hydrogen production could exceed 3 million tons, creating a market worth over 1 trillion yuan [4] - The demand for green methanol in the shipping industry is expected to surge from tens of thousands of tons annually to 30-40 million tons by 2030, significantly increasing the demand for green hydrogen [4] Challenges and Recommendations - Key challenges include the need for breakthroughs in core technologies, the geographical mismatch of renewable electricity supply, and the development of a comprehensive policy and standard system for hydrogen energy [4] - The industry is transitioning from being policy-driven to a dual-driven model of policy and market, emphasizing the importance of policy support for the development of hydrogen energy [4] - Recommendations include enhancing the utilization of green hydrogen across various sectors, particularly in industries such as power generation, petrochemicals, coal chemicals, and metallurgy [4]

根据新华社消息，10月22日晚间，美国财政部长贝森特宣布美国对俄罗斯最大的两家石油企业，俄罗斯 石油公司(RoSneft)和卢克石油公司(Lukoil)实施新一轮制裁，以敦促俄罗斯与乌克兰立即停火。俄罗斯 石油公司和卢克石油公司每日出口石油310万桶/天，约占俄罗斯原油出口量的一半，印度作为俄罗斯原 油在亚洲主要买家，此次制裁受到直接影响。 智通财经APP获悉，国泰海通发布研报称，近日，美国财政部长贝森特宣布美国对俄罗斯最大的两家石 油企业，俄罗斯石油公司(RoSneft)和卢克石油公司(Lukoil)实施新一轮制裁，以敦促俄罗斯与乌克兰立 即停火。此次美国与欧美对俄的新一轮制裁更多体现情绪端扰动，美国尚未宣布对俄罗斯原油实施制裁 的时间节奏，且欧盟对俄罗斯成品油的依赖更为强烈。另外，新地缘事件再次发酵，从基本面看，原油 仍然面临供需宽松的状态，即便出现阶段性俄罗斯、委内瑞拉的供给端断供，OPEC持续的增产仍然有 望弥补缺口。 国泰海通主要观点如下： 美国和欧盟对俄罗斯的制裁是导致油价上涨的主因 风险提示 此外，欧盟发布对俄的第19轮制裁方案，能源领域包括2027年起禁止液化天然气的进口，收紧俄罗斯两 家大型 ...

中金发布研报称，近期，美欧对俄罗斯石油行业进行新制裁，如限制措施落实到位，ESPO/URALS油种 对布伦特的折价或扩大，而中东原油或因替代需求重获溢价。海外市场方面，欧盟将禁止进口直接或间 接源自俄油的成品油，考虑到美国炼厂开工率高位、欧洲炼能退出，海外炼厂提高负荷后或缺口仍有 800万吨/年，东亚炼厂有望获益出口潜在空间。国内市场上，从全球市场利润的角度看，主营炼厂与民 营大炼化的出口套利空间或有望弥补国内的市场份额竞争，利润或有望在出口带动下逐步实现修复。 中金主要观点如下： 原油风险溢价或有重估机会，俄油折价扩大 今年9月以来，使用特殊油种的炼厂可能因折价扩大获得相对的成本优势，如地炼炼油利润从24年 的-200元/吨修复至近400元/吨，开工率已较上半年回升3ppt至58%。如未来特殊油种折价加大，国内炼 油企业的成本差距可能加大。但中金认为，从全球市场利润的角度看，主营炼厂与民营大炼化的出口套 利空间或有望弥补国内的市场份额竞争，利润或有望在出口带动下逐步实现修复。 标的方面 建议关注：1)上游油气公司，如中海油(00883)股价内含油价较实际偏低。当前18.35元股价内含油价仅 为55-60美元 ...

Core Insights - The appreciation of the Renminbi has led to a 0.68% increase in the benefiting sectors compared to the previous trading day, with Zhongshun Jierou leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Summary of Benefiting Stocks - Zhongshun Jierou (002511) closed at 8.81, with a rise of 4.51% and a trading volume of 265,400 shares, amounting to a transaction value of 232 million [1] - Tongling Nonferrous Metals (000630) closed at 5.86, increasing by 2.81% with a trading volume of 3.91 million shares, totaling 2.299 billion [1] - Taiyuan Iron & Steel (000825) closed at 4.16, up 2.72% with a trading volume of 658,600 shares, amounting to 273 million [1] - Baosteel (600000) closed at 7.27, rising by 1.82% with a trading volume of 1.2066 million shares, totaling 877 million [1] - Other notable stocks include Aluminum Wine Food (300892) at 35.03 (+1.24%), Hengbang Co. (002237) at 13.22 (+1.15%), and Air China (601111) at 8.46 (+1.08%) [1] Fund Flow Analysis - The benefiting sector experienced a net outflow of 198 million from institutional investors, while retail investors saw a net inflow of 80.24 million [2] - Notable net inflows from retail investors were observed in stocks like Zhongshun Jierou and Taiyuan Iron & Steel, despite overall outflows from institutional investors [3]

1. Report Industry Investment Rating There is no information provided regarding the industry investment rating in the given content. 2. Core Viewpoints of the Report The report presents a comprehensive analysis of the large refining and chemical industry, covering key aspects such as project spreads, product prices, profit margins, inventory levels, and operating rates across different segments including polyester, refining, and chemicals. It also tracks the performance and financial forecasts of major private refining and chemical companies [2][8][9]. 3. Summary According to Relevant Catalogs 3.1. Big Refining Weekly Data Briefing - **Project Spreads**: Domestic key large refining projects had a weekly spread of 2,564 yuan/ton, a decrease of 24 yuan/ton (1% decrease) compared to the previous week. Foreign key large refining projects had a weekly spread of 1,212 yuan/ton, a decrease of 2 yuan/ton (0% decrease) [2]. - **Polyester Sector**: POY/FDY/DTY industry average prices were 6,407/6,618/7,732 yuan/ton respectively, with week - on - week decreases of 114/79/54 yuan/ton. Their weekly average profits were 72/ - 54/88 yuan/ton, down 54/30/14 yuan/ton week - on - week. Inventory levels were 11.8/21.9/29.5 days, down 5.0/4.2/2.0 days. The filament开工率 was 91.0%, a 0.0 percentage point decrease. Downstream, the loom operating rate was 66.5%, up 2.4 percentage points, and the raw material inventory of weaving enterprises was 11.1 days, up 0.9 days, while the finished product inventory was 24.0 days, down 1.7 days [2]. - **Refining Sector**: Domestic refined oil prices of gasoline, diesel, and aviation kerosene decreased this week. In the US, the price of aviation kerosene decreased [2]. - **Chemical Sector**: The average price of PX this week was 794.4 dollars/ton, an increase of 6.9 dollars/ton compared to the previous week, and the spread over crude oil was 336.7 dollars/ton, up 4.5 dollars/ton. The PX operating rate was 86.3%, a 1.0 percentage point decrease [2]. - **Related Listed Companies**: Private large refining and polyester filament companies include Hengli Petrochemical, Rongsheng Petrochemical, Hengyi Petrochemical, Tongkun Co., Ltd., and Xin凤鸣 [2]. 3.2. Big Refining Weekly Report 3.2.1. Big Refining Index and Project Spread Trends The report provides historical data and trends on the performance of the large refining index, including the comparison of the performance of the petrochemical index and six private large refining companies over different time periods (recent week, recent month, recent three months, recent year, and since the beginning of 2025). It also shows the trends of domestic and foreign large refining project spreads in relation to Brent oil prices [8]. 3.2.2. Polyester Sector - **Price and Profit Analysis**: Analyzes the prices, spreads, and profit margins of various polyester products such as PX, MEG, PTA, POY, FDY, DTY, polyester staple fiber, and polyester bottle chips. It also examines the relationships between these products and raw materials like crude oil and PTA [9]. - **Operating Rate and Inventory Analysis**: Tracks the operating rates of PX, PTA, MEG, and polyester filaments, as well as the inventory levels of PTA, polyester filaments, and polyester staple fiber. It also analyzes the operating rates and inventory levels of downstream weaving enterprises [9]. - **Sales and Production Ratio**: Analyzes the sales - to - production ratios of polyester filaments and polyester staple fiber in the Jiangsu and Zhejiang regions [47][69]. 3.2.3. Refining Sector - **Domestic Refined Oil**: Compares the prices and spreads of domestic gasoline, diesel, and aviation kerosene with crude oil prices in both yuan/ton and dollars/barrel units [82][84][92]. - **US Refined Oil**: Analyzes the prices and spreads of US gasoline, diesel, and aviation kerosene in relation to crude oil prices in both yuan/ton and dollars/barrel units [94][103]. - **European Refined Oil**: Examines the prices and spreads of European gasoline, diesel, and aviation kerosene in relation to crude oil prices in both yuan/ton and dollars/barrel units [108][115]. - **Singapore Refined Oil**: Analyzes the prices and spreads of Singapore gasoline, diesel, and aviation kerosene in relation to crude oil prices in both yuan/ton and dollars/barrel units [120][130]. 3.2.4. Chemical Sector Analyzes the prices and spreads of various chemical products such as polyethylene LLDPE, EVA foaming material, EVA photovoltaic material, homopolymer polypropylene, styrene, acrylonitrile, PC, MMA, etc., in relation to crude oil prices [136][146].

Investment Rating - The investment rating for the basic chemical industry is optimistic (maintained) [1] Core Views - The PTA industry is experiencing severe losses, but there is potential for a positive turnaround due to limited future capacity expansion and high industry concentration [5][27] - The domestic PTA industry's effective capacity has increased from 46.69 million tons in 2019 to 84.27 million tons in 2024, with an average annual compound growth rate of 12.5% [21][23] - The industry concentration ratio (CR7) for PTA has reached 76%, indicating that leading companies have significant pricing power, which supports industry self-discipline and a potential recovery [22][27] Summary by Sections Industry Trends - The chemical industry index underperformed the CSI 300 index by 1.11% this week, with 75.6% of the 545 tracked chemical stocks showing weekly gains [17] - The CCPI (China Chemical Product Price Index) increased by 0.23% to 3885 points [20] PTA Industry Analysis - The PTA industry is projected to add 8.7 million tons of new capacity in 2025, with major contributions from companies like Dongfang Shenghong, Sanfangxiang, and Xin Fengming [5][21] - As of late October 2025, the PTA price spread has fallen below 100 yuan, indicating significant industry losses [25][27] Key Product Tracking - The inventory days for polyester filament yarn have significantly decreased, indicating improved market conditions [29][30] - The domestic urea market price has stabilized at 1596 yuan/ton, with a cautious outlook due to supply-demand pressures [45] Recommended and Beneficiary Stocks - Recommended stocks include Hengli Petrochemical, Rongsheng Petrochemical, Xin Fengming, and Tongkun Co., among others [5][27] - Beneficiary stocks include Hengyi Petrochemical, Sanfangxiang, and Dongfang Shenghong [5][27]