3、会议召开的合法、合规性。本次股东大会由公司董事会召集，会议的召 开符合有关法律、行政法规、部门规章、规范性文件和公司章程的规定。本次股 东大会的召开无需相关部门批准或履行必要程序。 4、会议召开日期和时间： | 股票代码：000301 | 股票简称：东方盛虹 公告编号：2024-072 | | --- | --- | | 债券代码：127030 | 债券简称：盛虹转债 | 江苏东方盛虹股份有限公司 关于召开 2024 年第三次临时股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、召开会议的基本情况 1、股东大会届次。本次股东大会是公司2024年第三次临时股东大会。 2、股东大会的召集人。本次股东大会是由公司董事会召集的。本公司于2024 年11月11日召开第九届董事会第二十二次会议，会议决定于2024年11月29日召开 公司2024年第三次临时股东大会。 （1）现场会议：2024 年 11 月 29 日（星期五）下午 14：30 开始。 （2）网络投票：通过交易系统进行网络投票的时间为：2024 年 11 月 29 日 9：15 至 9： ...

| 股票代码：000301 | 股票简称：东方盛虹 | 公告编号：2024-071 | | --- | --- | --- | | 债券代码：127030 | 债券简称：盛虹转债 | | 江苏东方盛虹股份有限公司 江苏东方盛虹股份有限公司（以下简称"公司"、"本公司"、"东方 盛虹"）子公司江苏国望高科纤维有限公司（以下简称"国望高科"）本次拟增 资扩股并引入农银金融资产投资有限公司（以下简称"农银投资"）、中银金融 资产投资有限公司（以下简称"中银资产"）；农银投资以现金方式增资国望高 科 10 亿元、中银资产以现金方式增资国望高科 5 亿元（以下简称"本次交易"）。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 公司全资子公司江苏盛虹化纤新材料有限公司（以下简称"盛虹化纤"） 作为国望高科控股股东就本次交易放弃优先认购权。本次交易完成后，盛虹化纤 将继续作为国望高科的控股股东，仍然对国望高科拥有实际控制权。 本次盛虹化纤放弃优先认购权不存在损害公司及全体股东特别是中小股 东利益的情形，符合《公司法》《深圳证券交易所股票上市规则》等相关法律法 规以及《公司 ...

市场数据 2024/11/08 2024 年 11 月 10 日 公司研究 评级：买入(维持) 研究所： 证券分析师： 李永磊 S0350521080004 liyl03@ghzq.com.cn 证券分析师： 董伯骏 S0350521080009 dongbj@ghzq.com.cn 联系人 ： 仲逸涵 S0350123070022 zhongyh@ghzq.com.cn [Table_Title] 原油价格震荡业绩短期承压，绿色产业链为长期 发展赋能 ——东方盛虹（000301）公司动态研究 油价高位震荡导致炼化盈利收窄，2024Q3 归母净利润阶段承压 最近一年走势 2024Q3，公司实现营收 354.68 亿元，同比-22.75 亿元，环比-6.27 亿元；实现归母净利润-17.38 亿元，同比-25.36 亿元，环比-18.09 亿元；其中毛利润 15.65 亿元，同比-29.14 亿元，环比-21.67 亿元。 期间费用方面，2024Q3 公司销售/管理/研发/财务费用分别为 0.85/2.85/2.17/12.17 亿元，同比-0.13/+0.75/+0.50/+2.50 亿元，环 比+0.14/ ...

Investment Rating - The report maintains a "Buy" rating for Oriental Rainbow (000301 SZ) [2] Core Views - Oriental Rainbow's Q3 2024 performance was under pressure due to declining oil prices, with significant inventory losses and a drop in aromatics margins [4] - The company's large-scale refining and chemical integration project has been fully operational, enhancing its core competitiveness [5] - The POSM and polyol projects were successfully put into operation, further extending the vertical integration of the refining and chemical industry chain [6] - Despite short-term volatility in oil prices, the report remains optimistic about the company's long-term profitability in refining and new materials [8] Financial Performance - In Q3 2024, Oriental Rainbow reported revenue of 35 5 billion yuan, down 6% YoY and 2% QoQ, with a net loss of 1 7 billion yuan, a significant decline from the previous quarter [3] - For the first three quarters of 2024, the company achieved revenue of 108 3 billion yuan, up 5% YoY, but recorded a net loss of 1 4 billion yuan, down 156% YoY [3] - The report revised down the company's profit forecasts for 2024-2026, with expected net profits of -9 63 billion yuan, 26 31 billion yuan, and 41 32 billion yuan, respectively [8] Operational Highlights - The refining and chemical integration project has a designed crude oil processing capacity of 16 million tons/year, with 2 8 million tons/year of aromatics and 1 1 million tons/year of ethylene cracking capacity [5] - The company's polyester fiber segment has a production capacity of 3 55 million tons/year, with a differentiation rate exceeding 90% [5] - The POSM and polyol projects, with a total investment of 5 6 billion yuan, can produce 200,000 tons/year of propylene oxide, 450,000 tons/year of styrene, 115,000 tons/year of polyether polyols, and 25,000 tons/year of polymer polyols [6] Market Data - Oriental Rainbow's current stock price is 7 94 yuan, with a total market capitalization of 52 493 billion yuan [2] - The stock's relative performance over the past year has been -33%, underperforming the CSI 300 index [2] - The company's P/E ratio is projected to be -15, 20, and 13 for 2024, 2025, and 2026, respectively [9]

| 股票代码：000301 | 股票简称：东方盛虹 | 公告编号：2024-065 | | --- | --- | --- | | 债券代码：127030 | 债券简称：盛虹转债 | | 江苏东方盛虹股份有限公司 第九届董事会第二十一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 江苏东方盛虹股份有限公司（以下简称"公司"）第九届董事会第二十一次 会议于 2024 年 10 月 25 日以专人送出、传真或电子邮件形式发出会议通知，并 于 2024 年 10 月 30 日以通讯表决方式召开。本次董事会会议应出席董事 7 人， 实际出席董事 7 人，会议由董事长缪汉根先生主持，公司监事、高级管理人员列 席本次会议。 本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性文件和 公司章程的规定。 二、董事会会议审议情况 表决结果：同意 7 票，反对 0 票，弃权 0 票。 公司本次计提资产减值准备符合《企业会计准则》等相关规定的要求，体现 了会计谨慎性原则，计提依据充分，符合公司实际情况。本次计提减值准备后能 够更加真实 ...

| 股票代码：000301 | 股票简称：东方盛虹 | 公告编号：2024-067 | | --- | --- | --- | | 债券代码：127030 | 债券简称：盛虹转债 | | 江苏东方盛虹股份有限公司 关于 2024 年前三季度计提资产减值准备的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 江苏东方盛虹股份有限公司（以下简称"公司"）于 2024 年 10 月 30 日召 开第九届董事会第二十一次会议和第九届监事会第十三次会议，会议审议通过了 《关于 2024 年前三季度计提资产减值准备的议案》。根据《深圳证券交易所上 市公司自律监管指南第 1 号——业务办理》以及《公司章程》《公司计提资产减 值准备和损失处理内部控制制度》等有关规定，本议案无需提交股东大会审议。 现将具体情况公告如下： 一、本次计提资产减值准备情况概述 注：本次计提减值准备计入的报告期间为 2024 年 1 月 1 日至 2024 年 9 月 30 日。 二、 本次计提减值准备的具体说明 1 2、存货 资产负债表日，存货按照成本与可变现净值孰低计量，对成本高于可变现净 值 ...

江苏东方盛虹股份有限公司 关于子公司暂缓实施可降解材料项目（一期）工程项目的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 江苏东方盛虹股份有限公司（以下简称"公司"）于 2024 年 10 月 30 日召 开第九届董事会第二十一次会议，审议通过了《关于子公司暂缓实施可降解材料 项目（一期）工程项目的议案》《关于公司核销资产的议案》。公司同意三级子 公司连云港虹科新材料有限公司暂缓实施可降解材料项目（一期）工程项目（以 下简称"本项目"），并授权公司董事长视外部环境、市场需求以及公司经营情 况择机重新启动。本事项具体情况如下： 一、项目基本情况 | 股票代码：000301 | 股票简称：东方盛虹 | 公告编号：2024-069 | | --- | --- | --- | | 债券代码：127030 | 债券简称：盛虹转债 | | 公司于 2022 年 3 月 23 日召开第八届董事会第四十七次会议，审议通过了 《关于子公司投资建设可降解材料项目（一期）工程的议案》，同意由连云港虹 科新材料有限公司作为投资主体负责投资建设可降解材料项目（一期）工程。 1、 ...

江苏东方盛虹股份有限公司（以下简称"公司"）第九届监事会第十三次会 议于 2024 年 10 月 25 日以专人送出、传真或电子邮件形式发出会议通知，并于 2024 年 10 月 30 日以通讯表决方式召开。本次监事会会议应出席监事 5 人，实 际出席监事 5 人，会议由监事会主席倪根元先生主持，公司高级管理人员列席本 次会议。 | 股票代码：000301 | 股票简称：东方盛虹 | 公告编号：2024-066 | | --- | --- | --- | | 债券代码：127030 | 债券简称：盛虹转债 | | 江苏东方盛虹股份有限公司 第九届监事会第十三次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 本次监事会会议的召开符合有关法律、行政法规、部门规章、规范性文件和 公司章程的规定。 二、监事会会议审议情况 1、审议通过了《关于 2024 年前三季度计提资产减值准备的议案》 表决结果：同意 5 票，反对 0 票，弃权 0 票。 监事会发表专项审核意见如下： 监事会发表专项审核意见如下： 1 经审核，监事会认为董事会编 ...

Revenue and Profit Performance - Revenue for the third quarter of 2024 was RMB 35.47 billion, a decrease of 6.03% compared to the same period last year[2] - Net profit attributable to shareholders of the listed company for the third quarter of 2024 was a loss of RMB 1.74 billion, a decrease of 315.88% compared to the same period last year[2] - Basic earnings per share for the third quarter of 2024 was a loss of RMB 0.26, a decrease of 316.67% compared to the same period last year[2] - Weighted average return on equity for the third quarter of 2024 was -5.19%, a decrease of 7.27 percentage points compared to the same period last year[2] - Total operating revenue for the period was RMB 108.30 billion, compared to RMB 103.68 billion in the same period last year, representing a 4.45% increase[13] - Net profit for the period was a loss of RMB 1.44 billion, compared to a profit of RMB 2.53 billion in the same period last year[14] - Basic earnings per share were -0.21, compared to 0.38 in the previous period[15] Asset and Liability Changes - Total assets as of the end of the third quarter of 2024 were RMB 208.03 billion, an increase of 9.36% compared to the end of the previous year[2] - Total assets increased to 208.03 billion yuan from 190.21 billion yuan, a growth of 9.37%[10][11][12] - Current assets rose to 44.16 billion yuan from 32.79 billion yuan, a significant increase of 34.7%[10] - Inventory surged to 23.50 billion yuan from 18.21 billion yuan, up 29.0%[10] - Fixed assets grew to 124.84 billion yuan from 123.43 billion yuan, an increase of 1.14%[10] - Total liabilities increased to 174.57 billion yuan from 154.72 billion yuan, up 12.8%[11] - Short-term borrowings rose to 55.28 billion yuan from 41.70 billion yuan, a 32.6% increase[11] - Long-term borrowings increased to 70.09 billion yuan from 68.74 billion yuan, up 1.96%[11] - Owner's equity decreased to 33.45 billion yuan from 35.49 billion yuan, a decline of 5.75%[12] - Retained earnings dropped to 4.34 billion yuan from 6.42 billion yuan, a decrease of 32.4%[12] Cash Flow and Operating Activities - Operating cash flow for the first three quarters of 2024 was RMB 3.35 billion, a decrease of 49.17% compared to the same period last year[2] - Cash flow from operating activities was RMB 3.35 billion, a decrease of 49.18% from RMB 6.60 billion in the same period last year[15] - Sales revenue from goods and services was RMB 127.75 billion, an 11.11% increase from RMB 114.97 billion in the previous period[15] - Cash received from tax refunds decreased to RMB 863.61 million from RMB 1.42 billion, a 39.34% decline[15] - Cash paid for employee compensation increased to RMB 3.36 billion, up 22.23% from RMB 2.75 billion[15] - Cash outflow for the purchase of fixed assets, intangible assets, and other long-term assets decreased to RMB 10.28 billion from RMB 19.69 billion, a 47.79% reduction[15] - Investment activities cash outflow totaled 10.85 billion yuan, a decrease of 46.5% compared to the previous period's 20.27 billion yuan[16] - Net cash flow from investment activities was -10.26 billion yuan, an improvement from -18.21 billion yuan in the previous period[16] - Cash inflow from financing activities increased by 67.9% to 77.42 billion yuan from 46.10 billion yuan in the previous period[16] - Cash received from borrowing rose by 67.7% to 73.24 billion yuan compared to 43.68 billion yuan in the previous period[16] - Net cash flow from financing activities increased by 22.3% to 12.08 billion yuan from 9.87 billion yuan in the previous period[16] - Cash and cash equivalents at the end of the period stood at 11.35 billion yuan, a 35.2% increase from 8.39 billion yuan at the beginning of the period[16] Expense and Investment Changes - Operating costs increased to RMB 110.31 billion from RMB 100.38 billion, a 9.89% rise[13] - R&D expenses increased significantly to RMB 689.35 million, up 64.24% from RMB 419.81 million in the previous period[13] - Management expenses rose by 39.74% to RMB 759,042,110.08, driven by increased employee compensation and other expenses[7] - R&D expenses increased by 64.21% to RMB 689,351,791.43 due to higher R&D investments[7] - Financial expenses grew by 59.75% to RMB 3,639,857,639.98 due to higher interest payments[7] - Investment income surged by 698.28% to RMB 115,072,815.94 due to gains from equity method to cost method conversion[7] - Fair value change income increased by 1086.17% to RMB 81,023,528.58 due to changes in financial asset fair value[7] - Non-operating expenses skyrocketed by 1680.77% to RMB 309,288,215.33 due to estimated losses from project suspension[7] - Income tax expenses decreased by 293.93% to RMB -848,157,800.84 due to increased deferred tax expenses[7] Accounts Receivable and Liabilities - Accounts receivable increased by 55.14% to RMB 2.30 billion compared to the end of the previous year, mainly due to an increase in receivables from foreign customers[6] - Construction in progress increased by 33.83% to RMB 24.41 billion compared to the end of the previous year, mainly due to ongoing projects[6] - Short-term borrowings increased by 32.57% to RMB 55.28 billion compared to the end of the previous year, mainly due to an increase in current loans[6] - Contract liabilities increased by 33.44% to RMB 3.03 billion compared to the end of the previous year, mainly due to an increase in advance payments from customers[6] - Expected liabilities increased by 100% to RMB 26,045,835.20 due to estimated losses from project suspension[7] - Special reserves decreased by 59.57% to RMB 38,659,918.03 due to utilization during the period[7] - Minority interests surged by 286.46% to RMB 158,788,590.06 due to changes in non-wholly owned subsidiaries' equity[7] Audit and Reporting - The company's third quarter report was not audited[17]

| 股票代码：000301 | 股票简称：东方盛虹 | 公告编号：2024-064 | | --- | --- | --- | | 债券代码：127030 | 债券简称：盛虹转债 | | 江苏东方盛虹股份有限公司 关于变更公司财务负责人的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、财务负责人辞任的情况 江苏东方盛虹股份有限公司（以下简称"公司"）于近日收到公司董事、副 总经理兼财务负责人邱海荣先生递交的辞职报告。因工作调整，邱海荣先生申请 辞去公司副总经理、财务负责人职务，其将继续在公司担任董事、董事会战略委 员会委员职务，其辞职申请自送达公司董事会之日起生效。 截至本公告日，邱海荣先生持有公司股份 739,500 股。公司将严格按照《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等法律、 法规、规范性文件及相关承诺对其股份进行管理。 二、聘任财务负责人的情况 公司于 2024 年 10 月 18 日召开第九届董事会第二十次会议，审议通过了《关 于聘任公司财务负责人的议案》。经公司董事长、总经理提名，董事会审计委员 会、 ...