Group 1 - Meibang Technology focuses on the research and production of epoxy propane and downstream polyether polyols, benefiting from a clean production process and stable capacity, which enhances business profitability when epoxy propane prices rise [1][29] - Hongqiang Co., Ltd. produces concrete additives that utilize epoxy propane-derived polyether polyols, allowing for cost transfer to customers when prices rise, while also benefiting from the green building certification and infrastructure investment cycles [2][30] - Weiyuan Co., Ltd. has a large capacity for epoxy propane and integrates its production with other chemicals, which helps mitigate raw material price fluctuations and enhances profitability [3][31] Group 2 - Hongbaoli is a leading supplier of polyurethane insulation materials, with its core product being rigid polyether polyols, directly linked to epoxy propane prices, allowing for price adjustments through long-term agreements [4][32] - Yinuowei relies heavily on epoxy propane for its polyurethane products, maintaining stable relationships with downstream customers and benefiting from the rapid expansion of the new energy sector [5][33] - Yida Co., Ltd. has developed its own epoxy propane production technology and offers a range of solvents, benefiting from the green development policies and enhancing cost control through efficient procurement [6][34] Group 3 - Bohai Chemical leverages its location in the Beijing-Tianjin-Hebei petrochemical cluster to enhance its epoxy propane production, benefiting from regional supply advantages and low-carbon transformation initiatives [7][35] - China Chemical, as a state-owned enterprise, benefits from the rising demand for engineering services related to epoxy propane production, supported by its global project experience and technological capabilities [8][36] - Weixing Chemical has a complete C3 industrial chain layout, with significant cost advantages in epoxy propane production, and is actively expanding into new energy materials [9][36] Group 4 - Huaitai Co. integrates its chemical production with green paper-making concepts, enhancing profitability through the rising prices of epoxy propane while maintaining a focus on sustainable practices [10][38] - Kent Catalysts specializes in catalysts for epoxy propane production, benefiting from the industry's growth and focusing on high-end catalyst development for new energy applications [11][39] - Dongfang Shenghong has a vertically integrated "refining-polyester" chain, leveraging the high demand for epoxy propane to enhance profitability while expanding into photovoltaic materials [12][40]

每日经济新闻 （记者 曾健辉） 每经讯，2026年1月16日，北交所上市公司瑞华技术（920099，收盘价：33.55元）发生一笔大宗交易，成交价32.78元/股，成交 数量20万股，成交金额655.6万元，折价2.3%。买入营业部是中信证券股份有限公司北京呼家楼证券营业部，卖出营业部是华泰 证券股份有限公司常州和平北路证券营业部。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 ...

Summary of Key Points Core Viewpoint - On January 16, 2026, five stocks in the A-share market will face the lifting of share restrictions, with a total of 737 million shares being unlocked, amounting to a market value of 5.277 billion yuan based on the previous trading day's closing price [1][3]. Group 1: Stock Unlocking Details - The stock with the highest unlocking quantity is Huadian New Energy (600930), with 725 million shares and a market value of 4.565 billion yuan [4][5]. - The second stock is Ruihua Technology (920099), with 9.4655 million shares and a market value of 318 million yuan [4][5]. - The third stock is Parallel Technology (920493), with 2.5096 million shares and a market value of 389 million yuan [4][5]. Group 2: Market Value Rankings - The stock with the highest market value upon unlocking is also Huadian New Energy (600930), valued at 4.565 billion yuan [6]. - Parallel Technology (920493) ranks second in market value at 389 million yuan [6]. - Ruihua Technology (920099) ranks third with a market value of 318 million yuan [6].

证券代码：920099 证券简称：瑞华技术 公告编号：2026-002 常州瑞华化工工程技术股份有限公司股票解除限售公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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 带法律责任。 一、 本次股票解除限售数量总额为 9,465,452 股，占公司总股本 12.07%，可交 易时间为 2026 年 1 月 16 日。 二、本次股票解除限售的明细情况及原因 单位：股 | | | 是否为控 股股东、实 | | 本次 | 本次解除 | 本次解除 | 尚未解除 | | --- | --- | --- | --- | --- | --- | --- | --- | | 序号 | 股东姓名或 | 际控制人 | 任职情况 | 解限 | 限售登记 | 限售股数 | 限售的股 | | | 名称 | 或其一致 | | 售原 | 股票数量 | 占公司总 | 票数量 | | | | | | 因 | | 股本比例 | | | | | 行动人 | | | | | | | 1 | 徐志刚 | 是 | 董事长 | A | 8,145,629 | 1 ...

证券代码：920099 证券简称：瑞华技术 公告编号：2026-001 常州瑞华化工工程技术股份有限公司 股东减持股份结果公告 本公司及董事会全体成员及相关股东保证公告内容不存在虚假记载、误导性 陈述或重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 | 股东名称 | 股东身份 | 持股数量 | 持股比例 | 当前持股股份来源 | | --- | --- | --- | --- | --- | | | | （股） | （%） | | | 江苏中小 | 公开承诺股 | 1,726,097 | 2.2% | 上市前取得 | | 企业发展 | 东 | | | | | 基金（有限 | | | | | | 合伙） | | | | | | 江苏省现 | 公开承诺股 | 1,726,062 | 2.2% | 上市前取得 | | 代服务业 | 东 | | | | | 发展创业 | | | | | | 投资基金 | | | | | | （有限合 | | | | | | 伙） | | | | | | 江苏毅达 | 公开承诺股 | 1,725,014 | 2.2% | 上市前取得 | | 成果创新 | 东 | | | | ...

Core Business - The company focuses on providing comprehensive technical solutions based on chemical process package technology, including basic research experiments, process route and catalyst development, technical licensing, technical services, chemical equipment design and manufacturing, and new material technology development and preparation [3]. Company Overview - Changzhou Ruihua Chemical Engineering Technology Co., Ltd. was established in 2007 and underwent a share reform in 2017, with plans to be listed on the Beijing Stock Exchange in 2024. It is recognized as a leading provider of petrochemical technology in China [3]. - The company has successfully industrialized its self-developed technologies, including ethylbenzene/styrene complete technology, epoxy propane/styrene co-production technology, and poly styrene complete technology, achieving domestic leadership in low energy consumption and stable operation [3]. Collaborations and Partnerships - The company has established strong cooperative relationships with numerous large state-owned and private petrochemical enterprises, including Sinopec, Zhejiang Petrochemical, and Dongming Petrochemical, as well as with well-known patent holders and design institutes such as Honeywell UOP and Sulzer [3]. Subsidiaries - Changzhou Ruikai Chemical Equipment Co., Ltd., established in 2014, is a wholly-owned subsidiary of Changzhou Ruihua, recognized as a national high-tech enterprise. It specializes in high-end equipment manufacturing and has a production facility covering over 36,800 square meters [5]. - Shandong Ruilun New Materials Technology Co., Ltd., established in July 2021, is another wholly-owned subsidiary with a registered capital of 250 million yuan and a planned total investment of 2.5 billion yuan. It focuses on the research and production of catalysts and high-end polymers [6].

Group 1 - The new stock and newly listed sector continues to exhibit a speculative trend, with localized highlights becoming more pronounced. The current adjustment cycle has lasted nearly four months, and the negative impact from the failure to reach a bottom in early December is expected to have been digested over the past few weeks. A turning point for this adjustment cycle may be approaching [1][2][13] - The average increase in the new stock sector since the beginning of 2024 is approximately 1.2%, with about 60.1% of stocks achieving positive returns, indicating a recovery from the previous week’s average decline of -2.0% [1][13][28] - External catalysts are increasing, including the central bank's encouragement to raise long-term capital investment in A-shares, which may boost overall market risk appetite. Additionally, the Shanghai Stock Exchange's new listing standards for commercial aerospace companies may enhance trading enthusiasm in current popular themes [2][13] Group 2 - The focus remains on technology sectors, particularly in areas such as AI computing power, robotics, and commercial aerospace, which have significant long-term growth potential. Continuous attention and active search for emerging hotspots within these sectors are recommended [3][13] - For sectors that are currently popular, it is advised to manage the rhythm of adjustments and consider rotational investments, including innovative pharmaceuticals, new energy, new consumption, and non-ferrous chemicals [3][13] Group 3 - Upcoming new stocks include Qiangyi Co., Yufan Technology, Shuangxin Environmental Protection, and Hengdong Light [4][33] - Last week, three new stocks were available for online subscription, with an average issuance price-earnings ratio of 18.7X and an average subscription success rate of 0.0210% [5][21] - The average first-day increase for newly listed stocks last week was approximately 265%, indicating sustained high trading enthusiasm, although this was a slight decrease from the previous week’s average of 343% [5][25][26]

Market Overview - The Shanghai Composite Index closed at 3952.09 points, slightly below the previous day with a change of -0.19% [1] - The total trading volume of A-shares reached 17367.28 billion yuan [1] Stocks Breaking the Annual Line - A total of 27 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] - The stocks with the highest deviation rates include: - Baiana Qiancheng (300291) with a deviation rate of 13.64% and a daily increase of 20.08% [1] - Pioneer Precision (688605) with a deviation rate of 6.29% and a daily increase of 6.72% [1] - Jikai Co., Ltd. (002691) with a deviation rate of 5.66% and a daily increase of 9.95% [1] Stocks with Smaller Deviation Rates - Stocks with smaller deviation rates that have just crossed the annual line include: - Zheshang Bank (601916) with a deviation rate of 0.03% and a daily increase of 0.33% [2] - Electric Investment and Financing (000958) with a deviation rate of 0.03% and a daily increase of 0.31% [2] - West Securities (603776) with a deviation rate of 0.07% and a daily increase of 0.12% [2]

Group 1 - The core point of the article is that a block trade of 200,000 shares of Ruihua Technology occurred on December 16, with a transaction amount of 6.102 million yuan, at a price of 30.51 yuan, which is a 2.49% discount compared to the closing price of the day [2][3] - The buyer of the block trade was CITIC Securities Co., Ltd. Beijing Dong San Huan Middle Road Securities Business Department, while the seller was Huatai Securities Co., Ltd. Changzhou Heping North Road Securities Business Department [2][3] - In the past month, Ruihua Technology has had a total of 2 block trades, with a cumulative transaction amount of 10.2926 million yuan [3] Group 2 - The closing price of Ruihua Technology on the day of the block trade was 31.29 yuan, reflecting a slight increase of 0.03%, with a turnover rate of 1.84% and a total transaction amount of 22.6674 million yuan [3] - Over the past five days, the stock has experienced a cumulative decline of 0.26% [3] - Ruihua Chemical Engineering Technology Co., Ltd. was established on April 24, 2007, with a registered capital of 783.99998 million yuan [3]

Core Viewpoint - Ruihua Technology has received a patent for a method of preparing high-impact polystyrene, indicating potential advancements in their product offerings and market position [2] Company Summary - On November 29, 2025, Ruihua Technology was granted a patent by the Russian Federal Intellectual Property Office for an invention titled "Method for Preparing High-Impact Polystyrene and High-Impact Polystyrene" [2] - The patent number is RU 2851287, and the patent rights are held by Changzhou Ruihua Chemical Engineering Technology Co., Ltd. [2] - The announcement of the patent grant was made on November 21, 2025 [2]