Core Viewpoint - Heshun Petroleum (603353) has announced plans to utilize up to 200 million RMB of idle self-owned funds for securities investment and to absorb its wholly-owned subsidiary, Xiangtan Zhongyou Sales Co., Ltd. [1][2][3] Company Announcements - Heshun Petroleum's board approved the use of idle self-owned funds for securities investment, with a limit of 200 million RMB, valid for 12 months and can be rolled over [1][2] - The company has established a Securities Investment Management System to regulate investment activities, ensuring compliance with national laws and safeguarding the interests of the company and its shareholders [2] - The board also approved the absorption of its wholly-owned subsidiary, Xiangtan Zhongyou Sales Co., Ltd., which will be legally dissolved post-merger, with all its business, assets, personnel, debts, and credits inherited by Heshun Petroleum [1][2]

Core Viewpoint - Two A-share listed companies have announced securities investment plans, collectively intending to invest no more than 3.2 billion yuan, with funds sourced from their own capital [1] Group 1: Company Investment Plans - Lio Co., Ltd. plans to use no more than 3 billion yuan of its own funds for securities investments, with the authorization effective for one year and not requiring shareholder approval [3] - The investment options for Lio Co., Ltd. include new share placements, stock and depositary receipt investments, bond investments, and entrusted financial management [3] - Heshun Petroleum plans to use no more than 200 million yuan of idle self-owned funds for securities investments, allowing for the reinvestment of investment income [4] Group 2: Investment Strategy and Management - Both companies emphasize that their investments will not pressure daily operations or other investment activities, ensuring the safety of production and operational funds [4] - Lio Co., Ltd. has established an investment management system to diversify investments and control scale to mitigate related risks [3] - Heshun Petroleum aims to optimize fund allocation and enhance fund utilization efficiency while ensuring the safety of funds [4]

Core Viewpoint - Two A-share companies announced plans to use their own funds for "securities investment," indicating a trend of companies seeking to optimize their investment strategies and enhance capital efficiency [2][5]. Group 1: Company Announcements - Liao Co., Ltd. (利欧股份) plans to use up to 3 billion RMB (or equivalent foreign currency) of its own funds for securities investment, approved in a board meeting on August 8, 2025 [2][5]. - Heshun Petroleum (和顺石油) intends to use no more than 200 million RMB of idle self-owned funds for securities investment, with the amount being available for rolling use within a specified period [5][8]. Group 2: Investment Methods - Investment methods for both companies include new share placements or subscriptions, stock and depositary receipt investments, bond investments, entrusted financial management, and other investment activities recognized by the Shenzhen Stock Exchange [5][8]. - Heshun Petroleum emphasizes that its investment will not affect the normal operation of its main business and will follow strict risk control measures [8]. Group 3: Financial Impact - Liao Co., Ltd. asserts that the use of its own funds for securities investment will not create financial pressure or impact its normal operations and investments [5]. - Heshun Petroleum aims to optimize its investment structure and improve capital utilization efficiency to generate more returns for the company and its shareholders [8].

Core Viewpoint - Lio Co. and Heshun Petroleum announced plans to invest significant amounts of their idle funds in securities, marking a shift from previous low-risk investment strategies to include stock investments [1][2][5]. Group 1: Investment Plans - Lio Co. plans to use up to 3 billion yuan (approximately 30 billion) of its own funds for securities investment, with a focus on stocks and depositary receipts, among other investment methods [2][3]. - Heshun Petroleum intends to invest up to 200 million yuan (approximately 2 billion) of its idle funds in securities, also including stocks and depositary receipts [5]. - Both companies have set a 12-month authorization period for these investment plans, starting from the board's approval date [2][5]. Group 2: Previous Investment Strategies - Previously, both companies had announced intentions to use idle funds for low-risk financial products, such as bank deposits and wealth management, without including stock investments [6][8]. - Lio Co. had previously planned to use up to 3 billion yuan for cash management, focusing on low-risk, high-liquidity financial products [6]. Group 3: Market Reactions - Investors have expressed mixed reactions, questioning why the companies are choosing to invest in stocks instead of repurchasing their own shares [2][9]. - Lio Co. last mentioned share repurchase on September 24, 2024, with a total of 278 million shares repurchased for approximately 400 million yuan [9]. - Heshun Petroleum's last share repurchase was on March 15, 2023, totaling 2.976 million shares for about 5.54 million yuan [9]. Group 4: Financial Performance - Lio Co.'s net profit figures have shown volatility, with net profits of -441 million yuan, 1.966 billion yuan, and -259 million yuan from 2022 to 2024 [11]. - Heshun Petroleum has experienced a decline in net profits, reporting figures of 104 million yuan, 52.23 million yuan, and 29.27 million yuan over the same period [12].

Core Viewpoint - Lio Co. plans to invest up to 3 billion yuan in securities, including stock investments, aiming to enhance capital efficiency and returns [2][7][17]. Group 1: Investment Plans - Lio Co. intends to use no more than 3 billion yuan of its own funds for securities investment, with an authorization period of 12 months from the board's approval [2][7]. - The investment methods include new stock placements, stock and depositary receipt investments, bond investments, and entrusted financial management [7][9]. - Heshun Petroleum also announced plans to invest up to 200 million yuan of idle funds in securities, with a similar 12-month authorization period [4][9]. Group 2: Market Reactions - Investors have expressed mixed reactions, with some questioning why companies are investing in stocks instead of repurchasing their own shares [16][18]. - The stock prices of Lio Co. and Heshun Petroleum showed a decline and slight increase, respectively, indicating market sentiment towards these investment decisions [22]. Group 3: Financial Performance - Lio Co.'s financial performance has been volatile, with net profits of -441 million yuan in 2022, 1.966 billion yuan in 2023, and -259 million yuan in 2024 [21][22]. - Heshun Petroleum has also faced declining profits, with net profits of 104 million yuan in 2022, 52 million yuan in 2023, and 29 million yuan in 2024 [23][24].

Core Insights - Liou Co. and Heshun Petroleum both announced securities investment plans on August 8, with a combined investment of up to 3.2 billion yuan [1][3] Group 1: Liou Co. Investment Plan - Liou Co. approved a plan to use up to 3 billion yuan of its own funds for securities investment, including new stock subscriptions, stock and depositary receipt investments, bond investments, and entrusted financial management [3] - The authorization is valid for 12 months starting from August 8, and does not require shareholder meeting approval [3] - The company aims to enhance capital efficiency and returns while controlling risks and maintaining normal operations [3] - Risk management measures include diversifying investments and controlling scale [3] Group 2: Heshun Petroleum Investment Plan - Heshun Petroleum plans to use up to 200 million yuan of idle funds for securities investment, with the investment types similar to those of Liou Co. [3] - The investment amount can be recycled within the validity period, aiming to optimize investment structure and create greater economic benefits [3] - The company acknowledges the uncertainties in investment returns due to multiple market factors and highlights potential liquidity and operational risks [3] Group 3: Market Context - Many listed companies typically invest idle funds in low-risk financial products, but the decisions by Liou Co. and Heshun Petroleum to invest in the securities market indicate a positive outlook on the current capital market [3] - Market participants emphasize the importance of risk control in securities investments, suggesting that companies should align their strategies with financial conditions to ensure stability and long-term growth [4]

Core Viewpoint - The article discusses the recent announcements by listed companies, specifically Liou Co. and Heshun Petroleum, regarding their plans to invest significant amounts of their own funds into the securities market, reflecting a positive outlook on the current capital market [2][3][12]. Group 1: Liou Co. Investment Plan - Liou Co. announced a plan to use up to 3 billion yuan (approximately 30 billion) of its own funds for securities investment, which includes methods such as new stock subscriptions, stock and depositary receipt investments, bond investments, and entrusted financial management [2][4][5]. - The investment aims to enhance the efficiency and returns of the company's capital while ensuring that normal operations are not affected and investment risks are effectively controlled [4][5]. - The authorization for this investment is valid for 12 months starting from August 8, and the company has established a management system for securities investment to mitigate risks [5] Group 2: Heshun Petroleum Investment Plan - Heshun Petroleum also announced a plan to invest up to 200 million yuan (approximately 2 billion) of its idle funds into the securities market, with similar investment types as Liou Co. [7][9]. - The company emphasized the importance of safeguarding daily operational funding needs while optimizing its investment structure to create greater economic benefits [9]. - Heshun Petroleum's investment plan allows for the funds to be recycled within the effective period, indicating a flexible approach to capital management [7]. Group 3: Market Context and Implications - The simultaneous announcements from Liou Co. and Heshun Petroleum suggest a growing trend among listed companies to allocate funds to the stock market, contrasting with the more conservative approach of investing in low-risk financial products [3][12]. - Analysts note that the current market conditions, including a favorable stock market performance and low bond yields, have encouraged companies to seek higher returns through equity investments [12]. - The article highlights that while such investments can optimize capital use, they also carry inherent risks, as evidenced by past experiences of companies like Yunnan Baiyao, which faced significant losses from stock investments [13][14].

Group 1 - The company held its fourth board meeting on August 8, 2025, where all seven directors attended, ensuring the meeting's legality and validity [2][4] - The board unanimously approved the proposal to use up to RMB 200 million of idle funds for securities investment, which can be rolled over within 12 months [3][18] - The investment will include new stock subscriptions, stock and depositary receipt investments, bond investments, and other recognized investment activities [3][20] Group 2 - The board also approved the establishment of a securities investment management system to regulate investment decision-making and trading management [6][10] - The company plans to absorb and merge its wholly-owned subsidiary, Xiangtan Zhongyou Sales Co., Ltd., to enhance resource utilization and operational efficiency [8][28] - This merger will not constitute a related party transaction or a significant asset restructuring, thus not requiring shareholder approval [28][31]

Core Points - The company held its 12th meeting of the 7th Board of Directors on August 8, 2025, via electronic communication, with all 7 directors present, confirming the meeting's legality and compliance with relevant laws and regulations [1][1][1] Group 1 - The board approved a proposal to use its own funds for securities investment, with a unanimous vote of 7 in favor, representing 100% of the attending members [1][1][1] - The details of the securities investment announcement will be published on August 9, 2025, in various financial newspapers and on the official website [1][1][1]

Group 1 - The company held its fourth board meeting on August 8, 2025, with all seven directors present, ensuring compliance with legal and regulatory requirements [1] - The board unanimously approved the proposal to use up to RMB 200 million of idle funds for securities investment, with a 12-month rolling usage period [1][2] - The investment scope includes new stock subscriptions, stock and depositary receipt investments, bond investments, and other recognized investment activities [1] Group 2 - The board approved the establishment of a securities investment management system, with details available on the Shanghai Stock Exchange website [2] - The company plans to absorb and merge its wholly-owned subsidiary, Xiangtan Zhongyou Sales Co., Ltd., to enhance resource utilization, operational efficiency, and reduce management costs [2][3] - Following the merger, Xiangtan Zhongyou will be legally dissolved, and all its business, assets, personnel, debts, and claims will be inherited by the company [2][3]