Core Viewpoint - The company has disclosed its third-quarter financial report and various corporate actions, including stock repurchase plans and the issuance of shares by its subsidiary, Yantai Jiumu Chemical Co., Ltd. [3][6][8] Financial Data - The third-quarter financial report has not been audited [9] - The company reported no adjustments or restatements of previous accounting data [3] - Non-recurring gains and losses are not applicable, and there are no other items that meet the definition of non-recurring gains and losses [3][4] Shareholder Information - The total number of shareholders with ordinary shares and the top ten shareholders' holdings have been disclosed [5] - The company has completed the repurchase and cancellation of 7,009,780 restricted shares, reducing the total share capital from 929,969,005 shares to 922,959,225 shares [7] - A major shareholder, Luyin Investment Group, has increased its holdings by 18,321,707 shares, representing approximately 1.9851% of the total share capital [7] Corporate Actions - The company plans to repurchase shares worth between 100 million to 200 million RMB, with a maximum price of 16.45 RMB per share, from May 22, 2025, to May 21, 2026 [8] - As of September 30, 2025, the company has repurchased 2,795,700 shares at an average price between 11.31 RMB and 13.83 RMB, totaling approximately 35.06 million RMB [8] Subsidiary Developments - Yantai Jiumu Chemical Co., Ltd. plans to publicly issue up to 46.875 million shares, accounting for no more than 20% of its post-issue total share capital [6] - The subsidiary has completed the guidance acceptance by the Shandong Securities Regulatory Bureau and has received acceptance for its application to issue shares on the Beijing Stock Exchange [6] Shareholder Meeting - The third extraordinary general meeting of shareholders was held on October 29, 2025, with 276 shareholders present, representing 47.0020% of the voting shares [18] - The meeting approved several resolutions, including adjustments to the corporate governance structure and amendments to the company's articles of association [21][22] Board Resolutions - The board of directors approved the third-quarter report and the proposal to conduct forward foreign exchange settlement and sales business for hedging purposes, with a total amount not exceeding 15 million USD [37][40][47]

Core Viewpoint - Shanghai Hojin Silicon Materials Co., Ltd. plans to issue technology innovation bonds to enhance its financing capabilities and support technological innovation efforts, with a total issuance amount not exceeding RMB 600 million [9][10][13]. Group 1: Bond Issuance Details - The proposed bond issuance aims to raise funds for technological innovation and to optimize the company's debt structure [9][13]. - The bond issuance will have a maximum term of 5 years, with specific terms to be determined based on market conditions [10]. - The company will seek authorization from the shareholders' meeting to proceed with the bond issuance and related decisions [11][14]. Group 2: Foreign Exchange Hedging - The company intends to conduct forward foreign exchange settlement and sales to hedge against exchange rate risks associated with its international trade activities [20][21]. - The maximum contract value for these forward transactions will not exceed RMB 150 million, with a maximum margin and premium of RMB 60 million [22][25]. - The company will only engage in hedging transactions and will not pursue speculative trading [21][26]. Group 3: Shareholders Meeting - The first extraordinary shareholders' meeting of 2025 is scheduled for November 12, 2025, to discuss the bond issuance and other matters [35][37]. - The meeting will allow for both on-site and online voting, ensuring participation from shareholders [36][39]. - The company has implemented a reminder service to facilitate attendance and voting for minority shareholders [41].

Group 1 - The company and its subsidiaries plan to conduct forward foreign exchange settlement and sales with a total amount not exceeding RMB 500 million, with a duration of one year from the approval of the shareholders' meeting [1][8][10] - The forward foreign exchange business will be conducted through financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2] - The funding for the forward foreign exchange business will come from the company's own funds, without involving raised funds or bank credit [3] Group 2 - The company will implement risk control measures for forward foreign exchange transactions, including setting up a dedicated risk control position and establishing strict authorization and job segregation systems [5][6] - The company emphasizes the management of accounts receivable to prevent overdue payments and has purchased credit insurance to mitigate customer default risks [5][6] - The company will ensure that forward foreign exchange transactions are based on actual foreign currency assets and payments, with amounts not exceeding the company's foreign currency assets [5][6] Group 3 - The board of directors approved the proposal for forward foreign exchange business on April 25, 2025, during the 22nd meeting of the 9th board [8] - The supervisory board also approved the proposal, stating that the forward foreign exchange business is based on normal operations and aims to mitigate foreign exchange market risks [9] - The independent directors agreed that the forward foreign exchange business would enhance the company's financial stability and is compliant with relevant laws and regulations [10] Group 4 - The company plans to provide financial assistance to its joint venture, HEAD Solutions S.A., amounting to EUR 4 million, with an interest rate of 2.4%-3.0% and a term of 24 months [27][30] - This financial assistance has been approved by the board of directors and the supervisory board, and it is subject to shareholder meeting approval [31][32] - The financial assistance is intended to support the daily operations of the joint venture and will not affect the company's normal business operations [28][30] Group 5 - The company proposes to authorize the board to formulate the 2025 interim profit distribution plan, aiming to enhance investor returns [49] - The interim profit distribution will only occur if the company meets specific conditions, including positive net profit and sufficient cash flow [50][51] - The proposal for the profit distribution plan has been reviewed and approved by the board and supervisory board, pending shareholder meeting approval [53]

Core Points - The company has passed several resolutions during its board meetings, including the evaluation of the independent directors' independence and the assessment of the performance of the accounting firm for the year 2024 [3][5][8][11][22][25][28][31][34][39][41][45][53][56][62][65][70][83][85][106] - The company plans to propose a mid-term dividend scheme for 2025, contingent on achieving positive distributable profits and sufficient cash flow [11][12] - The company has approved the expected daily related transactions for 2025, ensuring that these transactions will not harm the interests of the company or its minority shareholders [18][111] Board Resolutions - The board has approved the 2024 internal control evaluation report and the 2024 sustainable development report, which will not require shareholder meeting approval [8][22][53][24] - The board has also approved the proposal to authorize the board to formulate the mid-term dividend plan for 2025, which will be submitted for shareholder approval [11][14][56] - The board has approved the proposal for the 2025 first-quarter report, confirming that it accurately reflects the company's situation [25][62] Accounting Firm Engagement - The company intends to reappoint Gongzheng Tianye Accounting Firm for the 2025 audit, with the decision based on the firm's qualifications and past performance [70][82][83] - The firm has a solid track record, with a total revenue of 308.57 million yuan in 2024, including 265.46 million yuan from audit services [72] Fund Management - The company has reported on the management and use of raised funds, confirming that it has used 465.79 million yuan from its initial public offering and has a remaining balance of 688.57 million yuan as of December 31, 2024 [86][92] - The company has also engaged in cash management using idle raised funds, ensuring compliance with relevant regulations [93][94] Related Transactions - The company has outlined its expected related transactions for 2025, which are necessary for its daily operations and will be conducted at fair market prices [111]

Group 1 - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, and assumes legal responsibility for any false records or omissions [2][3][6] - The company plans to propose a mid-term dividend distribution plan for 2025, contingent on achieving positive distributable profits and cash flow [7][8][9] - The board of directors supports the proposal to authorize the board to decide on the mid-term dividend distribution, aiming to simplify the process and enhance investor returns [11][12] Group 2 - The company has decided to renew the appointment of Tianjian Accounting Firm as the auditing institution for the 2025 fiscal year, pending approval from the shareholders' meeting [13][14][22] - Tianjian Accounting Firm has a good investor protection capability, with a cumulative professional risk fund and insurance compensation limit exceeding 200 million yuan [15] - The auditing committee has reviewed and approved the renewal of the auditing firm, confirming its independence and professional competence [21][22][37] Group 3 - The company plans to apply for a total credit limit of up to 3.5 billion yuan from banks for 2025, to support its development plans [26][28] - The guarantees provided by the company and its subsidiaries do not require any fees or counter-guarantees [26][29] - The board and supervisory board have approved the credit application and guarantee matters, which will be submitted to the shareholders' meeting for approval [35][37] Group 4 - The company intends to conduct forward foreign exchange settlement and sales business in 2025, with a maximum amount not exceeding 6 million USD or its equivalent in RMB [41][43] - The purpose of this business is to mitigate the adverse effects of exchange rate fluctuations on the company [41][43] - The board and supervisory board have approved the forward foreign exchange business, which does not require shareholder meeting approval [46][47] Group 5 - The company has changed its accounting policies in accordance with the Ministry of Finance's new regulations, effective from January 1, 2024, and December 6, 2024 [55][59] - This change does not require retrospective adjustments and will not affect the company's financial status or results [56][60] - The new accounting policies aim to ensure compliance with legal requirements and reflect the company's financial condition accurately [57][60]

Group 1 - The company is a leading domestic manufacturer of new materials, focusing on the research, production, and sales of high-performance and environmentally friendly materials, including polyether polyols and polyamide resins [5][6][8] - The company has a total production capacity of 970,000 tons per year for polyether products, with an additional 330,000 tons under construction, positioning it among the top in the domestic industry [7] - The polyether industry is in a mature phase with a broad market, and the company is adapting its product structure to focus on high-value-added products like graft polyethers and specialty polyethers [6][8] Group 2 - The company has developed a strong R&D capability, mastering core technologies for high solid content and low viscosity polyether products, significantly enhancing product technical specifications [8] - The company’s polyamide resin products, including nylon 66, are widely used in automotive, machinery, and electrical applications, with the domestic PA66 industry experiencing rapid expansion [9][10] - The company’s nylon 66 production facility has completed construction and is in the trial production phase, with applications primarily in mechanical and automotive components [10][11] Group 3 - The company reported a net profit of approximately 171.38 million yuan for the year 2024, with a proposed cash dividend of 0.80 yuan per share, totaling about 34.4 million yuan [36][37] - The company plans to apply for a total credit limit of up to 3 billion yuan from banks for operational and project financing, with guarantees provided by the company’s assets [60][61] - The company has appointed Rongcheng Accounting Firm as its auditor for the year 2025, with the audit fee expected to remain consistent with the previous year at approximately 742,000 yuan [44][55]

Core Viewpoint - The company has demonstrated resilience and growth in revenue despite external economic challenges, with a reported revenue increase of 29.31% year-on-year for 2024, reaching approximately 2.03 billion yuan [5][22][23]. Financial Performance - The company achieved a total revenue of 202,734.76 thousand yuan in 2024, marking a 29.31% increase compared to the previous year [5][23]. - The net profit attributable to the parent company was 55,984.1 thousand yuan, reflecting a significant decline of 52.56% year-on-year [5][23]. - Total assets as of December 31, 2024, amounted to 235,153.61 thousand yuan, representing a growth of 32.09% [5][23]. - The net assets attributable to shareholders increased by 2.73%, totaling 130,433.08 thousand yuan [5][23]. Shareholder Meeting Proposals - The agenda for the upcoming shareholder meeting includes proposals for the confirmation of director and supervisor remuneration for 2024 and 2025, as well as the reappointment of the accounting firm for the 2025 fiscal year [2][10]. - Proposals related to the issuance of A-shares to specific targets in 2024 are also on the agenda, including feasibility studies and plans for the use of raised funds [2][10][12]. Corporate Governance - The board of directors has emphasized the importance of compliance and effective governance, with a focus on enhancing internal control systems and risk management frameworks [14][17]. - The company has maintained a commitment to transparent information disclosure, successfully completing multiple reports and announcements as required by regulatory bodies [14][21]. Future Outlook - The company aims to continue improving operational management and achieving its business objectives for 2025, with a focus on sustainable development and maximizing shareholder value [17][20].