Company Information - Shandong Heda announced that its director and vice general manager, Bi Songling, plans to reduce his shareholding by up to 350,000 shares, which represents 0.1017% of the company's total share capital, within three months after 15 trading days from the announcement date [1] - As of the report, Shandong Heda has a market capitalization of 4.6 billion yuan [1] Revenue Composition - For the first half of 2025, Shandong Heda's revenue composition is as follows: cellulose ether accounts for 72.98%, plant capsules account for 21.1%, other trade chemical products account for 3.86%, graphite chemical equipment accounts for 1.9%, and other businesses account for 0.16% [1]

Company Summary - Shandong Heda announced a share buyback plan, repurchasing approximately 2.43 million shares, which accounts for 0.6973% of the total share capital, with a total expenditure of about 29.93 million yuan [1] - The highest transaction price during the buyback was approximately 14.29 yuan per share, while the lowest was 11.1 yuan per share [1] - As of the report date, Shandong Heda's market capitalization stands at 4.6 billion yuan [1] Revenue Composition - For the first half of 2025, Shandong Heda's revenue composition is as follows: cellulose ether accounts for 72.98%, plant capsules for 21.1%, other trade chemical products for 3.86%, graphite chemical equipment for 1.9%, and other businesses for 0.16% [1]

Core Viewpoint - Shandong Heda announced that its board meeting on August 8, 2025, reviewed the proposal regarding not adjusting the conversion price of "Heda Convertible Bonds" [2] Financial Performance - For the year 2024, Shandong Heda's revenue composition is as follows: - Cellulose ether: 71.32% - Plant capsules: 20.96% - Trade chemical products - others: 4.87% - Graphite chemical equipment: 1.56% - Diacetone acrylamide: 0.98% [2]