格隆汇7月29日丨新疆天业(600075.SH)在互动平台表示，截至目前，公司暂未参与雅江水电项目，我们 将密切关注行业发展政策及动向，合理把握商业机会。 （原标题：新疆天业(600075.SH)：暂未参与雅江水电项目） ...

证券代码：600075 股票简称：新疆天业 公告编号：临 2025-052 新疆天业股份有限公司 关于使用闲置募集资金进行现金管理的进展公告 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法律责任。 重要内容提示： ● 现金管理产品名称：申万宏源证券收益凭证 ● 现金管理期限：183天、32天、184天 ● 履行的审议程序：本事项已经公司九届十二次董事会、九届九次监事会审议通 过。 新疆天业股份有限公司（以下简称"公司"）于 2025 年 6 月 27 日召开九届十二 次董事会、九届九次监事会，审议通过了《关于使用闲置募集资金进行现金管理的议 案》，董事会同意公司在符合国家法律法规、不影响募集资金投资项目建设实施及募 集资金安全的前提下，使用不超过 20,000 万元暂时闲置的公开发行可转换公司债券募 集资金进行现金管理，购买低风险、期限不超过 12 个月的理财产品（包括但不限于理 财产品、收益凭证或结构性存款等），使用期限自公司董事会审议通过之日起 12 个 月内有效，在上述额度及投资期限内，资金可循环滚动使用，董事会授权公司董事长 ...

Investment Rating - The report maintains a recommendation for the chemical industry, indicating a positive outlook due to the anticipated benefits from anti-involution policies [2]. Core Insights - The chemical industry is expected to benefit from the implementation of anti-involution policies, which aim to reduce unhealthy competition and improve pricing structures [13][14]. - The report highlights that certain chemical products are currently at historical low prices, suggesting potential for price recovery as market conditions improve [15]. - The focus is on eight specific products with significant price recovery potential: spandex, organic silicon, PVC, titanium dioxide, soda ash, propylene oxide, glyphosate, and TDI [15]. Summary by Sections Anti-Involution Policies - The government is committed to addressing "involution-style" competition, with plans for new policies to stabilize key industries including chemicals [13][14]. - The aim is to eliminate low-cost sales practices that have led to unsustainable pricing and profitability issues within the industry [14]. Spandex Market - Spandex prices have reached historical lows, with a steady increase in production and inventory pressures [19][22]. - The spandex market is dominated by major players such as Huafeng Chemical and Xinxiang Chemical Fiber, which hold significant market shares [29][40]. Organic Silicon Market - Organic silicon prices are at a five-year low, with a diverse range of applications across various industries [44][49]. - The industry is characterized by limited new capacity additions, with major producers like Hoshine Silicon and Dongyue Group leading the market [55]. PVC Market - PVC is a widely used plastic, primarily in the real estate sector, and is expected to benefit from the consolidation of production capacity [6][19]. - Key companies in the PVC market include Zhongtai Chemical and Xinjiang Tianye, which are positioned to capitalize on market recovery [6]. Titanium Dioxide Market - Titanium dioxide prices have hit five-year lows, with high inventory levels impacting profitability [6][19]. - Major players in this sector include China Nuclear Titanium Dioxide and Longbai Group, which are expected to navigate the challenging market conditions [6]. Soda Ash Market - The soda ash market is facing high inventory levels, with significant applications in real estate and photovoltaic industries [6][19]. - Key companies include Boyuan Chemical and Shandong Haihua, which are well-positioned to benefit from future demand recovery [6]. Propylene Oxide Market - Propylene oxide has a low concentration of production capacity, with broad applications across various sectors [6][19]. - Key players include Binhai Chemical and Weiyuan Chemical, which are expected to benefit from market dynamics [6]. Glyphosate Market - Glyphosate is the most widely used herbicide globally, with increasing demand driven by rising agricultural output [6][19]. - Major companies in this space include Xingfa Group and Jiangshan Chemical, which are positioned to benefit from a favorable market environment [6]. TDI Market - TDI supply-demand dynamics remain tight due to production disruptions, with significant barriers to entry for new players [6][19]. - Key companies include Cangzhou Dahua and Wanhua Chemical, which are expected to maintain strong market positions [6].

Group 1 - The A-share water conservancy sector is experiencing strong performance, with notable stocks such as Tibet Tianlu hitting the daily limit, indicating significant investor interest [1] - Peizhi Group has seen an increase of over 7%, reflecting positive market sentiment towards companies in the water conservancy industry [1] - China Power Construction has risen by more than 5%, further demonstrating the upward trend in the sector [1] Group 2 - Other companies in the sector, including Oriental Yuhong, Xinjiang Tianye, Smart Agriculture, and Dayu Water-saving, are also showing gains, indicating a broad rally in the water conservancy market [1]

Core Insights - The news highlights the successful procurement of magnetic levitation central air conditioning systems by several companies, showcasing significant energy savings compared to traditional systems [1][2][3][4] Group 1: Company Procurement Details - Xuzhou Kaixu Construction Engineering Co., Ltd. purchased 1 unit of magnetic levitation central air conditioning with a cooling capacity of 1000RT (3520KW), featuring energy regulation from 2-100% and a weight of 6.8 tons [1] - Xuzhou Lianchao Optoelectronics Technology Co., Ltd. acquired 2 units, one with a cooling capacity of 400RT (1450KW) and another with 1000RT (3520KW), both having similar specifications in terms of refrigerant and energy regulation [2] - Xinjiang Tianye (Group) Co., Ltd. ordered 6 units, including 1000RT (3520KW) and 500RT (1760KW) systems, emphasizing the company's extensive involvement in various industrial sectors [3] Group 2: Energy Efficiency and Market Position - The magnetic levitation central air conditioning systems are known for their energy efficiency, saving an average of 30-50% compared to traditional screw and piston systems, with some cases exceeding 60% savings [4] - These systems are positioned as the preferred choice for new buildings and projects, as well as a necessary replacement for traditional central air conditioning, making them ideal for energy management companies [4]

新疆天业股份有限公司 | 证券代码：600075 | 股票简称：新疆天业 | 公告编号：临 2025-051 | | --- | --- | --- | | 债券代码：110087 | 债券简称：天业转债 | | 新疆天业股份有限公司 关于年产 22.5 万吨高性能树脂原料项目进展的公告 由于上述项目实现全面达产尚需一定时间，且未来的市场变化等尚存在不确定性， 存在可能导致项目效益不达预期的风险，敬请广大投资者关注并注意投资风险。 特此公告。 新疆天业股份有限公司董事会 2025 年 7 月 17 日 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法律责任。 新疆天业股份有限公司（以下简称"公司"）公开发行可转换公司债券募集资金投 资项目——年产 22.5 万吨高性能树脂原料项目，由公司全资子公司新疆天业汇祥新材 料有限公司建设实施，该项目近日成功打通全流程，顺利产出高性能树脂原料，对推动 公司进一步实现绿色低碳可持续发展具有重要意义。 ...

Group 1 - The company Xinjiang Tianye (600075.SH) announced the successful implementation of a project to produce 225,000 tons of high-performance resin raw materials through its wholly-owned subsidiary Xinjiang Tianye Huixiang New Materials Co., Ltd [1] - The project has successfully completed the entire process and has begun to produce high-performance resin raw materials [1] - Full production capacity of the project will require additional time, and there are uncertainties related to market changes that may affect expected benefits [1]

[Performance Forecast and Year-on-Year Comparison](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) Xinjiang Tianye anticipates a shift from profit to loss in H1 2025, with net profit attributable to shareholders estimated at -9 million yuan, reflecting a significant decline in core business profitability 2025 Semi-Annual Performance Forecast vs. 2024 Same Period Performance | Metric | 2025 Semi-Annual (Estimated, million yuan) | 2024 Semi-Annual (Actual, million yuan) | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Approx. -9.00 | 6.6877 | | Net Profit After Deducting Non-Recurring Gains/Losses | Approx. -32.00 | -20.3468 | | Earnings Per Share | Not Disclosed | 0.0039 (yuan) | [Analysis of Performance Change Reasons](index=2&type=section&id=III.%20Primary%20Reasons%20for%20Performance%20Change) The company attributes its performance decline to external market factors, primarily the significant drop in market prices for its main product, PVC resin, due to market fluctuations and macroeconomic impacts - The core reason for the performance loss is the **significant decline in market prices** for the company's main product, polyvinyl chloride (PVC) resin, due to market conditions and macroeconomic influences[7](index=7&type=chunk) [Risk Warning and Other Explanations](index=2&type=section&id=IV.%20Risk%20Warning) Management confirms no other significant uncertainties affect the forecast's accuracy, reminding investors that the preliminary, unaudited data is subject to the final 2025 semi-annual report - The company states there are **no significant uncertainties** affecting the accuracy of this performance forecast[8](index=8&type=chunk) - This performance forecast data is a **preliminary calculation** and has **not been audited** by a certified public accountant; the **final data** will be based on the officially released 2025 semi-annual report[4](index=4&type=chunk)[9](index=9&type=chunk)

Summary of Key Points Core Viewpoint - The announcement provides an update on the conversion results of the "Tianye Convertible Bonds" and the changes in share capital, highlighting the low conversion activity since the bond's issuance. Group 1: Convertible Bond Issuance and Trading - The company issued 30 million convertible bonds on June 23, 2022, with a total value of 300 million yuan and a maturity of 6 years, featuring a tiered interest rate structure [3][4]. - The bonds were listed for trading on the Shanghai Stock Exchange starting July 19, 2022, under the name "Tianye Convertible Bonds" [4]. Group 2: Conversion Status - From December 29, 2022, to June 30, 2025, the total amount converted was 58,000 yuan, resulting in 8,403 shares, which is 0.0005% of the total shares before conversion [2][7]. - As of June 30, 2025, the amount of convertible bonds that had not been converted was 299,994.20 million yuan, representing 99.9981% of the total issuance [2][7]. Group 3: Recent Conversion Activity - In the quarter from March 31, 2025, to June 30, 2025, there was no conversion activity, with both the conversion amount and the number of shares formed being zero [2][8]. Group 4: Share Capital Changes - A total of 438,575,248 restricted shares will be released for trading on November 13, 2023, which includes shares from a previous private placement and shares formed from the conversion of convertible bonds [8].

新疆天业股份有限公司 | 证券代码：600075 | 股票简称：新疆天业 | 公告编号：临 2025-049 | | --- | --- | --- | | 债券代码：110087 | 债券简称：天业转债 | | 新疆天业股份有限公司 一、可转债发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会《关于核准新疆天业股份有限公司公开发行可转换公 司债券的批复》（证监许可[2022]785 号）的核准，公司于 2022 年 6 月 23 日公开发行 了 3,000 万张（300 万手）可转换公司债券，每张面值 100 元，发行总额 300,000 万 元，期限 6 年，票面利率：第一年 0.20%、第二年 0.40%、第三年 0.60%、第四年 1.50%、 第五年 1.80%、第六年 2.00%。 （二）可转债上市情况 关于"天业转债"转股结果暨股份变动的公告 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法律责任。 重要内容提示： ● 累计转股情况："天业转债"自 2022 年 12 月 29 日转股期起始日至 2025 年 6 ...