Economic Development - Wutongqiao District has achieved significant economic growth, crossing two hundred billion thresholds in three years, and is recognized as one of the first circular economy demonstration zones in Sichuan Province [1] - The industrial added value of Wutongqiao District has consistently accounted for over 70% of the regional GDP, with the total industrial output value exceeding 100 billion yuan for two consecutive years from 2022 to 2023 [2] Salt Industry - The district's economic strength is heavily based on its salt industry, which has led to the establishment of the first invention in New China, the "Hou's Alkali Method," and the first listed company in Southwest China, "Chuan Salt Chemical" [1] - Multiple salt chemical and phosphate chemical projects are being developed in the area, contributing to the formation of two trillion-yuan industrial clusters in crystalline silicon photovoltaic and green chemicals [1] Green Silicon Valley - Wutongqiao District is positioned as the core area of "China's Green Silicon Valley," hosting five of the top ten global photovoltaic companies, with high-purity crystalline silicon production capacity and quality ranking among the world's best [1] - The district is focusing on key technological advancements, supporting enterprises in upgrading production processes, such as the eighth generation of the "Yongxiang Method" for high-purity crystalline silicon production [1] Cultural Development - Salt culture has not only supported industrial growth but also enriched local culinary traditions, leading to the development of a diverse food culture [2] - The district is enhancing cultural spaces by creating a salt culture museum and art galleries, while also promoting local food IPs, which have generated over 300 million yuan in annual revenue from the food industry [2] Tourism Growth - A dragon boat festival themed around well salt culture is set to take place, highlighting the historical significance of the area as a dragon boat hometown [2] - During the recent May Day holiday, a food event in Wutongqiao attracted nearly 200,000 visitors, marking a 40% increase year-on-year, with sales of intangible cultural heritage foods growing by 210% [2]

为强化期货市场人才梯队建设，全方位提升期货分析师的研究实力与产业服务效能，5月13日，郑商所 在江苏南京举办了2025年玻璃、纯碱、烧碱期货分析师培训。培训期间，来自行业协会、龙头企业、私 募基金、资讯机构及期货公司的资深专家，从宏观分析、行业研究、产业服务三大维度展开，为参会者 带来了一场干货满满的知识盛宴。据期货日报记者了解，此次培训旨在帮助期货分析师丰富品种知识储 备，提升行业分析研判能力，深化对期货、期权业务的理解与应用。 期货分析师在产业分析与服务中扮演着重要角色，其凭借严密的分析捕捉市场动态，依靠专业的研判为 企业决策提供有力支撑，通过创新的产融结合模式优化服务体系，为实体经济高质量发展注入了专业动 能。 "对玻璃、纯碱企业而言，可结合自身生产成本，合理选择行权价格卖出看涨期权，并在远月合约布局 更高的行权价格，通过持续收取权利金降低生产成本。"一德期货期权部总经理助理曹柏杨建议。 在他看来，构建期权分析研究体系，关键在于理解期权价格变动的传导机制及各因素对期权价格的影 响，进而结合策略目标制定合理的交易策略，而如何将研究观点通过期权合理表达则是期权研究框架的 核心要点。 期货分析师不仅是市场动态 ...

| 年度利润分配 | 2,081 | ,599 | 00 | | | --- | --- | --- | --- | --- | | 的议案 | | | | | | 关联交易实际 | | | | | | 金额及 2025 年 | | | | | | 度日常关联交 | | | | | | 易预计的议案 | | | | | | 年度董事、监事 | 8,568 | ,412 | | 00 | | 及高级管理人 | | | | | | 员薪酬方案的 | | | | | | 议案 | | | | | (三)关于议案表决的有关情况说明 本次股东大会共 11 项议案，其中第 6、8、9 项议案对 5%以下股东投票情况进行 单独统计。湖南盐业集团有限公司、湖南轻盐创业投资管理有限公司、湖南轻盐 晟富盐化产业私募股权基金合伙企业（有限合伙），对议案 8 回避表决；持有公 司股份的董事、监事、高级管理人员对议案 9 回避表决。 三、 律师见证情况 证券代码：600929 证券简称：雪天盐业 公告编号：2025-026 雪天盐业集团股份有限公司 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 ...

Group 1 - Yitong Century won a bid for a communication engineering construction service project from China Mobile, with a total bid amount of 228 million yuan (including tax) [1] - Zhiyuan New Energy plans to repurchase shares worth between 33 million and 66 million yuan, with a maximum repurchase price of 22.00 yuan per share [1] - GAC Group reported April automobile sales of 116,400 units, a year-on-year decrease of 12.66% [2] - JAC Motors reported April automobile sales of 30,764 units, a year-on-year decrease of 3.55% [3] Group 2 - Fosun Pharma's subsidiary received FDA approval for a clinical trial of a live biotherapeutic product aimed at treating androgenetic alopecia [4] - Liangxin Co. obtained multiple patent certificates, including 2 invention patents and 32 utility model patents [5] - Sainuo Medical's two products received medical device registration certificates in Mexico and Ecuador [5] - Huayu Pharmaceutical's two products received marketing approvals in France and Spain [6] Group 3 - Shengnong Development reported April sales revenue of 1.533 billion yuan, a year-on-year increase of 0.68% [6] - Hasi Lian's potassium chloride and sodium chloride injection passed the consistency evaluation [7] - Shapuaisi received approval for a supplemental application for levofloxacin eye drops [9] - Tianyu Biological reported April sales revenue of 59.32 million yuan from pig sales [10] Group 4 - *ST Weihai was pre-awarded a project worth 108 million yuan [12] - Luoniushan reported April sales revenue of 125 million yuan from pig sales, a year-on-year increase of 12.72% [13] - Minhe Co. reported April sales revenue of 68.30 million yuan from chick sales, a year-on-year increase of 0.51% [14] Group 5 - Double Ring Technology's application for a specific stock issuance was approved by the Shenzhen Stock Exchange [15] - Hualu Hengsheng plans to repurchase shares worth between 200 million and 300 million yuan [16] - Baolong Technology plans to repurchase shares worth between 100 million and 200 million yuan [17] Group 6 - Huasheng Technology's subsidiary plans to sell shares of a company for 200 million yuan [24] - *ST Gengxing's controlling shareholder plans to increase holdings worth between 30 million and 60 million yuan [25] - Ruihuatai's shareholder plans to reduce holdings by up to 1% of the company's shares [26] Group 7 - Foton Motor reported April commercial vehicle sales of 54,816 units, a year-on-year increase of 21.63% [20] - China Merchants Bank plans to invest 15 billion yuan to establish a financial asset investment company [22] - Jinchengxin plans to invest approximately 231 million USD in the Alacran copper-gold-silver mine project [23] Group 8 - Zhongji United's controlling shareholder plans to reduce holdings by up to 2% of the company's shares [30] - Ningbo Huaxiang signed a strategic cooperation agreement to strengthen collaboration in various areas [31] - SMIC reported a net profit of 1.356 billion yuan for Q1 2025, a year-on-year increase of 166.5% [32] Group 9 - FAW Fuwi received a project notification to develop seat products for a luxury brand, with a total sales amount expected to be 1.39 billion yuan [33] - Huakang Clean won a bid for a purification project worth 64.425 million yuan [34] - Lihua Co. reported April sales revenue of 1.125 billion yuan from chicken sales [35]

雪天盐业（600929）公告，控股股东湖南盐业集团计划在2025年4月23日起的12个月内增持公司股份， 增持总金额不低于1.5亿元，不高于3亿元。湖南盐业集团已获得建设银行的贷款承诺函，贷款额度为不 超过2.7亿元，且不超过增持金额上限的90%。贷款期限不超过3年，专项用于增持雪天盐业股票。增持 资金来源包括自有资金和专项贷款。公司将及时披露相关信息以维护投资者权益。 ...

2025 年 05 月 06 日 利润同比增长，搬迁项目竣工实现盐包装一体化 布局 买入(首次) 事件 分析师：张伟保 S1050523110001 zhangwb@cfsc.com.cn 联系人：覃前 S1050124070019 qinqian@cfsc.com.cn | 基本数据 | 2025-05-06 | | --- | --- | | 当前股价（元） | 9.67 | | 总市值（亿元） | 76 | | 总股本（百万股） | 782 | | 流通股本（百万股） | 777 | | 52 周价格范围（元） | 8.88-11.93 | | 日均成交额（百万元） | 96.83 | 市场表现 -20 -10 0 10 20 30 (%) 苏盐井神 沪深300 资料来源：Wind，华鑫证券研究 相关研究 ▌ 产品销售价格下跌致公司营业收入下降 公司 2024 年营业收入下降的原因为主要产品销售价格同比下 跌。公司分产品产销情况来看，1）盐类产品：2024 年产量 为 755.54 万吨，同比+0.98%；销量 774.22 万吨，同比- 0.06%。2）碱类产品：2024 年产量为 74.48 万吨， ...

近日，苏盐井神（SH603299，股价9.57元，市值74.83亿元）一季报不及预期，定增事项也引发部分投 资者质疑。 每经记者 程雅 每经编辑 文多 不过，苏盐井神该定增预案发出后，引发部分投资者质疑。4月29日，公司股价下跌9.12%，4月30日， 公司股价继续下跌，跌幅为1.95%。 面对争议，4月29日，《每日经济新闻》记者致电苏盐井神并按照对方要求发送采访提纲至邮箱。4月30 日，记者收到了回复。 苏盐井神在回复中表示，受市场价格波动影响，2025年一季度公司主要产品销售价格同比下滑明显，产 品售价降低直接压缩了利润空间，致使经营利润较同期减少。尽管面临行业压力，公司通过降本增效， 各项经营指标仍优于同行业平均水平。目前，公司正积极应对市场变化，后续将持续优化经营策略，强 化市场研判与生产资源统筹调度，坚持高质量营销理念，努力提升业绩。 公司回应增发价格问题 4月28日晚间，苏盐井神披露了向特定对象发行A股股票的预案，拟向包括江苏苏盐资产管理有限公司 （以下简称苏盐资产，系苏盐井神控股股东的全资子公司）在内的不超过35名（含35名）特定投资者发 行股票，募集资金总额不超过18亿元，用于公司储气库卤水 ...

Core Viewpoint - The company, Su Yan Jing Shen, has faced investor skepticism following its first-quarter report and a proposed private placement of shares, leading to a decline in its stock price over three consecutive days [1][3]. Financial Performance - As of March 31, 2025, the company's cash balance was 3.073 billion yuan [3]. - The first-quarter revenue decreased by 8.68% year-on-year, while the net profit attributable to shareholders dropped by 28.8% [3]. Private Placement Details - The company plans to issue shares to no more than 35 specific investors, including its controlling shareholder, to raise up to 1.8 billion yuan for a brine salt comprehensive utilization project [4][5]. - The issuance price will be no less than 80% of the average trading price over the previous 20 trading days [4]. Project Investment - The total investment for the brine salt comprehensive utilization project is 1.889 billion yuan, with 1.8 billion yuan expected to come from the raised funds [6][8]. - The project aims to produce 3 million tons of solid salt and 1.5 million cubic meters of liquid salt annually [5]. Market Response and Company Strategy - Following the announcement of the private placement, the company's stock price fell by 9.12% on April 29 and continued to decline by 1.95% on April 30 [8]. - The company emphasized the need for capital market resources to support its rapid business development and major project plans, including a significant investment in gas storage facilities [9][10]. Investor Communication - The company has actively engaged with investors to address concerns regarding the pricing of the private placement and the efficiency of its capital planning [11]. - It aims to balance the interests of new and existing shareholders while ensuring compliance with regulatory standards during the pricing process [11].

Investment Rating - The investment rating for the company is "Accumulate" with a target price of 7.56 RMB [6][7]. Core Views - The company reported a year-on-year decline in profits for Q1, with a net profit of 0.17 billion RMB, down 73% year-on-year and up 131% quarter-on-quarter. The revenue was 2.77 billion RMB, up 3% year-on-year but down 17% quarter-on-quarter [1][2]. - The company is expected to maintain competitiveness in the low-demand environment due to its integrated production capabilities in the salt chemical industry [1][4]. - The forecast for net profit from 2025 to 2027 has been revised downwards due to weak market conditions, with expected profits of 6.1 billion RMB, 7.8 billion RMB, and 10.1 billion RMB respectively [4][12]. Summary by Sections Q1 Earnings Overview - The company achieved a revenue of 2.77 billion RMB in Q1, a 3% increase year-on-year but a 17% decrease quarter-on-quarter. The net profit attributable to shareholders was 0.17 billion RMB, reflecting a 73% decline year-on-year and a 131% increase quarter-on-quarter [1][2]. Product Performance - The sales volume of soda ash reached 950,000 tons, up 71% year-on-year but down 17% quarter-on-quarter. The average price decreased by 36% year-on-year to 1,274 RMB per ton [2][4]. - The company’s overall gross margin decreased to 9.5%, down 5% year-on-year [2]. Industry Outlook - The soda ash market is expected to recover slowly, with current prices under pressure due to new capacity and weak downstream demand [3][4]. - The company is working on reducing production costs through energy efficiency improvements and has ongoing projects aimed at cost reduction [3][4]. Profit Forecast and Valuation - The profit forecast for 2025-2027 has been adjusted downwards, with expected net profits of 6.1 billion RMB, 7.8 billion RMB, and 10.1 billion RMB, reflecting a decrease of 31%, 27%, and 23% respectively from previous estimates [4][12]. - The target price is set at 7.56 RMB, based on a price-to-earnings ratio of 18x for 2025, considering the company's integrated production advantages [4][11].

苏盐井神（603299）公告，2024年营业收入53.44亿元，同比下降5.95%。归属于上市公司股东的净利润 7.69亿元，同比增长4.15%。基本每股收益0.9834元／股，同比增长3.13%。公司拟向全体股东每10股派 发现金股利4.43元(含税)，合计派发现金红利3.46亿元(含税)，现金分红占年度合并报表中归属于上市公 司股东的净利润比例为45.04%。 ...