Group 1 - Shenzhen Wole Material Co., Ltd. and Shenzhen Wole Shrink Co., Ltd. applied for a patent for an "easy-peel heat shrink tube" with publication number CN120248487A, filed on December 2023 [1] - The patent describes a heat shrink tube made from ethylene-acrylate copolymer, which reduces molecular entanglement and cohesion strength, enhancing its peelability [1] - The easy-peel heat shrink tube can shrink over 35% at 200°C, achieving a molecular chain orientation of 30%-85%, allowing for tearable performance at room temperature [1] Group 2 - Shenzhen Wole Material Co., Ltd. was established in 1998, primarily engaged in the manufacturing of chemical raw materials and products, with a registered capital of approximately 1.26 billion RMB [2] - The company has invested in 31 enterprises, participated in 2,195 bidding projects, and holds 1,370 patents along with 526 trademark registrations [2] - Shenzhen Wole Shrink Co., Ltd. was founded in 2018, focusing on rubber and plastic products, with a registered capital of 100 million RMB [2] - This subsidiary has invested in 1 enterprise, participated in 5 bidding projects, and holds 64 patents [2]

Group 1 - The core viewpoint of the article highlights the production statistics of primary plastic forms in Hubei Province for the first four months of 2025, indicating a growth trend in production [1] - In April 2025, the primary plastic production reached 183,000 tons, showing a year-on-year increase of 1.3%, with a growth rate 2.8 percentage points higher than the same period last year [1] - The total primary plastic production from January to April 2025 was 696,000 tons, reflecting a year-on-year growth of 5.6%, with a growth rate 14.8 percentage points higher than the previous year [1] Group 2 - The growth rate of Hubei's primary plastic production in April 2025 was 10.7 percentage points lower than the national average, which was 1,168,600 tons for the same period [1] - The cumulative production from January to April 2025 accounted for 1.5% of the national total of 4,601,200 tons for large-scale industrial enterprises [1] - The article notes that the definition of primary plastic has evolved, previously referred to as plastic resins and copolymers before 2004 [3]

● 本报记者马爽 然而，在我国塑料产品对外贸易蓬勃发展之际，部分企业也格外关注与企业切身利益紧密相关的定价方 式。据中化石化销售有限公司相关业务负责人介绍，公司目前对于塑料品种的进出口业务均有涉 及。"无论进出口，定价的依据多为现货价格指数，或者就是双方一单一谈，最后按一口价成交。" 多位市场人士称，指数定价在实际应用中也存在一些问题。其基础数据多采自主流港口大型贸易商和生 产商，采集与计算方式未完全公开，样本的覆盖范围、代表性以及数据透明度、抗操纵性都难以保障。 此外，数据采集与发布存在时滞，市场日内大幅波动时，指数难以及时反映市场变动。另外，由于进出 口海运周期长，企业面临较大的价格波动风险，不少企业虽然借助期货市场套期保值，但若现货贸易价 格不公允、不及时，期货锁价效果也会大打折扣。 在此背景下，不少企业将目光投向了期货市场。"在国际贸易中，像PP这些塑料产品，中国市场和中国 企业应该在定价过程中有更大的影响力和话语权。"在金能科技（603113）股份有限公司副总经理伊国 勇看来，期货价格相对其他一些定价参考明显更加公允透明，国内企业就应该在外贸中多用。 交易所多举措助力发展 事实上，期货定价以及基于期 ...

| | | | 一、关于货币资金………………………………………………… | 第 | 1—4 | 页 | | --- | --- | --- | --- | | 二、关于存货………………………………………………………第 | | 5—13 | 页 | | 三、关于收入与现金流………………………………………… 第 | | 14—20 | 页 | 问询函专项说明 天健函〔2025〕724 号 上海证券交易所： 由浙江金鹰股份有限公司（以下简称金鹰股份公司或公司）转来的《关于浙 江金鹰股份有限公司 2024 年年度报告的信息披露监管问询函》 （上证公函〔2025〕 进行了审慎核查，现汇报说明如下。 一、关于货币资金 (四) 核查程序及结论 (1) 了解、评价并测试与货币资金管理相关的关键内部控制； 年报披露，公司期末货币资金 2.78 亿元，其中受限货币资金 5676 万元， 主要为质押保证金。公司本期利息收入 66.40 万元，占期末货币资金余额比例 为 0.24%，资金收益率较低。 请公司：（1）补充披露主要货币资金存放情况，包括存放机构、金额、账 户性质、利率、受限情况等，并逐项列示受限资金的具体情况，包括受限金 ...

Core Viewpoint - Zhejiang Jinying Co., Ltd. received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, focusing on issues related to cash funds and inventory management [1][2]. Group 1: Cash Funds - The company reported a cash balance of 278 million yuan at the end of the period, with restricted cash amounting to 56.76 million yuan, primarily for pledged deposits [1]. - The interest income for the period was 664,000 yuan, representing 0.24% of the cash balance, indicating a low yield on funds [1]. - The company provided detailed disclosures on cash fund storage, including amounts, account types, interest rates, and restrictions [2][3]. Group 2: Inventory Management - The company’s inventory at the end of the period was valued at 701 million yuan, accounting for 38.80% of total assets, with a year-on-year increase of 17.17% [6]. - The company recognized inventory impairment losses of 41.65 million yuan, significantly higher than the previous year's 1.98 million yuan, which was a major factor in the decline of the company's performance [6]. - The company provided a breakdown of inventory by business segment, detailing types, quantities, aging, and impairment provisions [8][9]. Group 3: Inventory Turnover and Market Conditions - The average inventory turnover days increased from 188 days in 2023 to 219 days in 2024, primarily due to a slowdown in sales and increased inventory levels in the textile segment [13][14]. - The company’s inventory growth is justified by its sales scale and the need to maintain sufficient raw materials for production, given the long procurement times for imported materials [14][15]. - The company has stable long-term relationships with major customers, with an order backlog of 193 million yuan at the end of 2024 [15].

Meeting Details - The shareholders' meeting was held on July 4, 2025, at the company's conference room located at 777 Jinlong Road, Zhaoyuan City, Shandong Province [1] - The meeting was convened by the board of directors and chaired by Mr. Wang Feng, the chairman [1] - The voting method combined on-site and online voting, complying with the Company Law and the company's articles of association [1] Attendance and Voting - The meeting included ordinary shareholders and preferred shareholders with restored voting rights, with details on their shareholding proportions not specified [1] - The attendance of directors and the board secretary was confirmed, with some directors participating via Tencent Meeting [1] Legal Compliance - The meeting was witnessed by lawyers from Beijing Zhonglun (Qingdao) Law Firm, who confirmed that the convening and conducting of the meeting complied with relevant laws and regulations [2] - The lawyers provided a legal opinion stating that the qualifications of attendees and the procedures followed were legitimate and valid [2]

Group 1 - The legal opinion letter is issued by Zhonglun Law Firm regarding the second extraordinary general meeting of Shandong Linglong Tire Co., Ltd. scheduled for July 4, 2025 [1][2] - The law firm confirms that it has reviewed the necessary documents and materials for the meeting and that the company has provided accurate and complete information [2][3] - The opinion letter states that it does not comment on the content of the proposals discussed at the meeting, only on the legality of the meeting's procedures and qualifications of participants [2][3] Group 2 - The meeting was announced 15 days in advance, and the notice included details about voting methods, meeting time, and location [4][5] - The meeting was held at the company's conference room, and both on-site and online voting were conducted [5][6] - A total of 666 shareholders participated in the voting, representing 824,224,665 shares, which is 56.3186% of the total voting rights [7][8] Group 3 - The meeting's voting process was conducted through a named voting method, and the results were verified by representatives and lawyers present [10][11] - The proposals were approved with significant support, including the election of several non-independent and independent directors [11][12][13][14] - The voting results were confirmed to be legal and valid, with no objections raised by the participants [15]

Core Viewpoint - The announcement details the election of Zhang Weiwei as the employee director of Shandong Linglong Tire Co., Ltd., confirming her qualifications and compliance with relevant laws and regulations [1]. Group 1: Election Announcement - Shandong Linglong Tire Co., Ltd. held its fourth session of the sixth employee representative meeting to elect Zhang Weiwei as the employee director [1]. - Zhang Weiwei's term will align with that of the sixth board of directors [1]. - The company confirms that Zhang Weiwei meets the qualifications required by the Company Law and has no disqualifications or penalties from the China Securities Regulatory Commission [1]. Group 2: Zhang Weiwei's Background - Zhang Weiwei, born in 1985, holds a bachelor's degree and has held various positions within the company, including overseas market promotion and senior management roles [3]. - She currently serves as the deputy general manager and employee director of Shandong Linglong Tire Co., Ltd. [3]. - Zhang Weiwei holds 15,000 shares of the company and has no related party relationships with other directors or major shareholders [1].

Core Viewpoint - Zhongce Rubber Group Co., Ltd. is holding its first extraordinary general meeting of shareholders in 2025 to discuss important resolutions including changes to registered capital, company type, and amendments to the Articles of Association [1][11]. Meeting Procedures - The meeting will verify the identity of attendees and requires shareholders to present necessary documentation for attendance [1][2]. - Shareholders have the right to speak, inquire, and vote during the meeting, but must adhere to the agenda and time limits for speaking [2][3]. - Voting will be conducted through both on-site and online methods, with results announced post-meeting [3][5]. Capital Changes - The company plans to change its registered capital from RMB 787,037,038 to RMB 874,485,598 following its public offering of 87,448,560 shares at RMB 46.50 each, raising a total of approximately RMB 3.93 billion [5][11]. - The company type will change from "non-listed limited company" to "listed limited company" as part of the restructuring [11]. Cash Management Proposal - The company intends to use up to RMB 1 billion of temporarily idle raised funds and its own funds for cash management to enhance fund efficiency while ensuring the safety of the funds and normal operations [7][9]. - The cash management will involve purchasing low-risk, high-liquidity financial products with a maximum investment period of 12 months [7][8]. Impact on Company Operations - The proposed cash management strategy is designed to not interfere with the normal operation of the company or its investment projects, aiming to increase fund utilization efficiency and generate additional returns for shareholders [9][10].

Summary of Key Points Core Viewpoint - Zhuhai Zhongfu Industrial Co., Ltd. is providing a guarantee for a loan of 8 million yuan requested by its wholly-owned subsidiary, Shaanxi Zhongfu Beverage Co., Ltd., to support its operational needs. This guarantee results in the total external guarantees exceeding 100% of the company's latest audited net assets [1][3]. Group 1: Company Overview - The company is facilitating a loan application for its subsidiary, Shaanxi Zhongfu Beverage Co., Ltd., to secure 8 million yuan in working capital [1]. - The loan and guarantee are within the authorization limits set by the company's 2024 annual general meeting and have been approved by the board of directors [1]. Group 2: Financial Data - As of the latest audited financials, the total assets amount to 219.34 million yuan, while the total liabilities are 44.59 million yuan, resulting in net assets of 174.75 million yuan [2]. - The company reported an operating income of 104.03 million yuan and a net profit of 1.01 million yuan [2]. Group 3: Guarantee Details - After this guarantee, the total actual guarantee balance of the company and its subsidiaries will be 101.41% of the audited net assets for 2024 [3]. - Currently, there are no overdue guarantees or guarantees involved in litigation that could result in losses for the company [3].