Group 1 - The core viewpoint of the report indicates that domestic and international refining projects are experiencing price changes, with domestic projects showing a price difference of 2403 CNY/ton, up by 38 CNY/ton (2% increase) compared to the previous week [2] - In the polyester sector, the average prices for POY, FDY, and DTY are 7071, 7279, and 8179 CNY/ton respectively, with week-on-week increases of 171, 136, and 114 CNY/ton [2] - The average profit for POY, FDY, and DTY is reported at 208, 80, and 80 CNY/ton respectively, with significant week-on-week increases of 275, 251, and 237 CNY/ton [2] Group 2 - The PX average price this week is 895.6 USD/ton, down by 26.4 USD/ton from the previous week, with a price difference from crude oil of 404.1 USD/ton, which is a decrease of 23.5 USD/ton [2] - The PX operating rate stands at 89.9%, showing no change from the previous week [2] - Domestic gasoline and diesel prices have risen this week, as have gasoline prices in the United States [2] Group 3 - Relevant listed companies in the private refining and polyester filament sector include Hengli Petrochemical, Rongsheng Petrochemical, Dongfang Shenghong, Hengyi Petrochemical, Tongkun Co., and Xin Fengming [3]

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report The report presents a weekly update on major refining and petrochemical sectors, including price, profit, inventory, and production rate data for domestic and foreign projects, as well as key companies' performance and financial forecasts [1][2][8]. Summary by Relevant Catalogs 1. Big Refining Weekly Data Brief - **6 Major Private Refining Companies' Performance**: The report tracks the price changes of 6 major private refining companies in the past week, month, three months, and year. For example, Hengli Petrochemical had a -5.3% change in the past week, 12.3% in the past month, 41.5% in the past three months, and 70.9% in the past year [8]. - **Earnings Forecast**: It also provides earnings forecasts for these companies from 2024 to 2027, along with price - earnings ratios (PE) and price - to - book ratios (PB) [8]. - **Oil Prices and Refining Spreads**: International crude oil prices (Brent and WTI) and domestic and foreign refining spreads are presented. The domestic refining project spread this week was 2403 yuan/ton, a 1.6% increase from last week, while the foreign spread was 1104 yuan/ton, a 0.6% increase [8]. - **Polyester Sector**: Product prices, profits, inventories, and production rates are detailed for various polyester products such as PX, MEG, PTA, POY, FDY, DTY, polyester staple fiber, and polyester bottle chips. For instance, the POY industry average price was 7071 yuan/ton this week, a 171 yuan/ton increase, with a weekly average profit of 208 yuan/ton, a 275 yuan/ton increase [2][9]. - **Refining Sector**: Prices and spreads of gasoline, diesel, and aviation kerosene in China, the US, Europe, and Singapore are reported. For example, the domestic gasoline price was 7588 yuan/ton this week, a 53 yuan/ton increase [9]. - **Chemical Sector**: Prices and spreads of various chemical products like EVA, styrene, acrylonitrile, polyethylene, and polypropylene are provided [9]. 2. Big Refining Weekly Report 2.1 Big Refining Index and Project Spread Trends No specific data analysis is provided in the given content, but it likely focuses on the trends of the big refining index and project spreads [11][12][13]. 2.2 Polyester Sector The section covers multiple aspects such as the prices and profits of PX, PTA, and various polyester filaments (POY, FDY, DTY), as well as the production rates and inventories of polyester products and downstream weaving industries. For example, the PX average price was 895.6 dollars/ton this week, a 26.4 dollars/ton decrease, and the PX production rate was 89.9%, unchanged from last week [2][9]. 2.3 Refining Sector It includes the price and spread relationships between crude oil and refined oil products in different regions (China, the US, Europe, and Singapore), such as the relationship between crude oil and domestic diesel prices [72][75][83]. 2.4 Chemical Sector The section presents the price and spread relationships between crude oil and various chemical products, like the relationship between crude oil and polyethylene LLDPE prices [109][110].

每经头条（nbdtoutiao）——基金经理个人炒股合法吗？我们调查了多家头部公募，答案出人意料 每经AI快讯，新凤鸣2月6日晚间发布公告称，公司第六届第四十六次董事会临时会议于2026年2月6日 在公司二十四楼会议室召开。会议审议了《关于提前赎回"凤21转债"的议案》等文件。 （记者 曾健辉） ...

Market Overview - The three major indices in A-shares experienced slight declines, with the Shanghai Composite Index down 0.25% to 4065 points, the Shenzhen Component down 0.33%, and the ChiNext down 0.73% [2] - The total market turnover was 2.16 trillion yuan, a decrease of 308 billion yuan from the previous trading day, with over 2700 stocks rising [2] Sector Performance - The oil and gas, chemical, and mining sectors showed strong performance, with multiple stocks such as Tongyuan Petroleum and Junyou Co. hitting the daily limit [4] - The chemical sector saw an overall increase of 1.45%, with core sub-industries like basic chemicals and diversified chemicals leading the gains [16] - The basic chemical sector had a net inflow of over 156.73 billion yuan, while the power equipment sector saw a net inflow exceeding 203.54 billion yuan [6] Fund Flow Analysis - Main funds shifted away from defense, media, and food and beverage sectors, moving towards power equipment and basic chemicals [5] - The chemical industry ETF saw significant inflows, with a total of 14.49 billion yuan in net inflows over the past 15 days, indicating strong market confidence in the sector [20] Stock Highlights - Hunan Gold and Data Port were among the top gainers, with net inflows of nearly 29 billion yuan and over 20 billion yuan, respectively [10] - Stocks like Hunan Rihua and Zhejiang Wenlian saw significant outflows, with declines of 7.63% and 9.79% [10] Market Sentiment - The market is currently in a "trial period," with a high number of first-day limit-up stocks but lacking a unified logic, indicating rapid rotation of funds [14] - The strong performance of the chemical sector is attributed to a combination of rising product prices, supply-side contraction, and demand from emerging sectors, suggesting a fundamental recovery rather than mere speculation [17]

新凤鸣集团股份有限公司 第六届董事会第四十六次会议决议公告 | 股票代码：603225 | 股票简称：新凤鸣 | | 公告编号：2026-014 | | --- | --- | --- | --- | | 转债代码：113623 | 转债简称：凤 21 | 转债 | | 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，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、董事会会议召开情况 新凤鸣集团股份有限公司（以下简称"公司"）第六届董事会第四十六次会 议于 2026 年 2 月 6 日以现场表决和通讯表决相结合的方式在公司二十四楼会议 室召开。经全体董事一致同意，本次会议豁免临时董事会提前 2 日通知的要求。 会议由董事长庄耀中先生召集并主持，会议应出席董事 8 名，实际出席董事 8 名，公司高级管理人员列席了本次会议。本次会议的召开和表决程序符合《中华 人民共和国公司法》《中华人民共和国证券法》和本公司章程的有关规定，合法 有效。 二、董事会会议审议情况 表决结果：8 票同意，0 票反对，0 票弃权。 特此公告。 新凤鸣集团股份有限公司董事会 2026 年 2 ...

格隆汇2月6日丨新凤鸣(603225.SH)公布，公司股票自2026年1月6日至2026年2月6日期间，满足连续三 十个交易日内至少有十五个交易日的收盘价格不低于公司"凤21转债"当期转股价格(15.78元/股)的130% (含130%，即不低于20.514元/股)，根据《新凤鸣集团股份有限公司公开发行可转换公司债券募集说明 书》的约定，已触发"凤21 转债"的有条件赎回条款。 投资者所持"凤21转债"除在规定时限内通过二级市场继续交易或按照15.78元/股的转股价格进行转股 外，仅能选择以100元/张的票面价格加当期应计利息被强制赎回。若被强制赎回，可能面临较大投资损 失。 公司于2026年2月6日召开第六届董事会第四十六次会议，审议通过了《关于提前赎回"凤21转债"的议 案》，公司董事会决定行使"凤21转债"的提前赎回权，按照债券面值加当期应计利息的价格对赎回登记 日登记在册的"凤21 转债"全部赎回。 ...

Core Viewpoint - The company, Xin Fengming (603225.SH), has triggered the conditional redemption clause for its "Feng 21 Convertible Bonds" due to the stock price meeting specific criteria, leading to an early redemption decision by the board [1] Group 1: Redemption Trigger - The stock price must not be lower than 130% of the conversion price (20.514 CNY/share) for at least 15 out of 30 consecutive trading days to trigger the redemption [1] - The company announced that the redemption period is from January 6, 2026, to February 6, 2026 [1] Group 2: Board Decision - The sixth board meeting on February 6, 2026, approved the proposal for early redemption of the "Feng 21 Convertible Bonds" [1] - The company will redeem all registered "Feng 21 Convertible Bonds" at face value plus accrued interest [1] Group 3: Investor Options - Investors can either continue trading the bonds in the secondary market or convert them at the conversion price of 15.78 CNY/share [1] - If forced redemption occurs, investors may face significant losses, as they will be redeemed at a price of 100 CNY per bond plus accrued interest [1]

| 股票代码：603225 | 股票简称：新凤鸣 | | | 公告编号：2026-013 | | --- | --- | --- | --- | --- | | 转债代码：113623 | 转债简称：凤 | 21 | 转债 | | 新凤鸣集团股份有限公司 关于提前赎回"凤 21 转债"的公告 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，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 新凤鸣集团股份有限公司（以下简称"公司"）股票自 2026 年 1 月 6 日 至 2026 年 2 月 6 日期间，满足连续三十个交易日内至少有十五个交易日的收盘 价格不低于公司"凤 21 转债"当期转股价格（15.78 元/股）的 130%（含 130%， 即不低于 20.514 元/股），根据《新凤鸣集团股份有限公司公开发行可转换公司 债券募集说明书》（以下简称"《募集说明书》"）的约定，已触发"凤 21 转债" 的有条件赎回条款。 公司于 2026 年 2 月 6 日召开第六届董事会第四十六次会议，审议通过了 《关于提前赎回"凤 21 转债"的议案》，公司董事会 ...

申万宏源证券承销保荐有限责任公司（以下简称"保荐人"）作为新凤鸣集 团股份有限公司（以下简称"新凤鸣"或"公司"）公开发行可转换公司债券的 保荐人，根据《证券发行上市保荐业务管理办法》《可转换公司债券管理办法》 《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 12 号——可转换公司债券》等有关规定对提前赎回"凤 21 转债"的相关事项进 行核查，具体情况如下： 一、"凤 21 转债"发行上市概况 （一）可转债发行情况 申万宏源证券承销保荐有限责任公司 关于新凤鸣集团股份有限公司 提前赎回"凤 21 转债"的核查意见 经中国证券监督管理委员会《关于核准新凤鸣集团股份有限公司公开发行可 转换公司债券的批复》（证监许可〔2021〕411 号）核准，新凤鸣集团股份有限 公司（以下简称"公司"）于 2021 年 4 月 8 日公开发行了 2,500 万张可转换公 司债券，发行价格为每张 100 元，募集资金总额为人民币 25.00 亿元。 本次发行的可转换公司债券的存续期限为自发行之日起 6 年，即自 2021 年 4 月 8 日至 2027 年 4 月 7 日。债券利率为：第一年：0.30%、第 ...

北京市中伦（上海）律师事务所 关于新凤鸣集团股份有限公司 2026 年第二次临时股东会的 法律意见书 二〇二六年二月 北京市中伦（上海）律师事务所 关于新凤鸣集团股份有限公司 2026 年第二次临时股东会的 法律意见书 致：新凤鸣集团股份有限公司（以下简称"公司"） 北京市中伦（上海）律师事务所（以下简称"本所"）接受公司的委托，指 派律师出席并见证公司2026年第二次临时股东会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》 （以下简称"《股东会规则》"）、《律师事务所从事证券法律业务管理办法》 （以下简称"《证券法律业务管理办法》"）、《律师事务所证券法律业务执业 规则（试行）》（以下简称"《证券法律业务执业规则》"）等相关法律、行政 法规、规章、规范性文件及《新凤鸣集团股份有限公司章程》（以下简称"《公 司章程》"）的规定，就本次会议的召集与召开程序、召集人资格、出席会议人 员资格、会议表决程序及表决结果等事宜，出具本法律意见书。 对本法律意见书的出具，本所律师特作如下声明： 1．本所 ...