Group 1 - The company Yuntianhua held its 10th eighth temporary board meeting on January 26, 2026, via communication voting [1] - The meeting reviewed the proposal regarding the company's routine related party transactions for the year 2026 [1] Group 2 - International gold prices have surpassed $5,000, marking a 280% increase over the past seven years [1] - Experts suggest that the future peak of gold prices will depend on the US dollar, with a focus on the international monetary system, interest rate cuts, and technological revolutions [1]

云南云天化股份有限公司独立董事 关于第十届董事会第八次（临时）会议相关议案的 独立意见 二、公司高级管理人员 2026 年薪酬方案 1 公司高级管理人员 2026 年薪酬方案结合了公司实际经营情况，符合 公司薪酬管理办法等相关规定。体现了对高级管理人员的激励与约束作 用，有利于公司长远发展。表决程序及方式符合有关法律、法规和《公 司章程》的规定，不存在损害公司或中小股东利益的情形。对该议案发 表同意的独立意见。 独立董事：罗焕塔、吴昊旻、罗薇 2026 年 1 月 26 日 我们作为云南云天化股份有限公司的独立董事，根据《公司法》《证 券法》、中国证监会《上市公司独立董事管理办法》《上海证券交易所 股票上市规则》等相关规定，本着独立、公正的原则，就公司第十届董 事会第八次（临时）会议审议的相关事项发表独立意见如下： 一、关于公司及子公司开展期货套期保值业务的议案 公司及子公司拟对其生产经营业务相关的甲醇和尿素品种继续通过 期货工具开展期货套期保值业务，是为有效防范市场波动风险，促进自 身长期稳健地发展，不存在损害公司及全体股东、特别是中小股东利益 的情形。 公司已建立较为完善的《期货套期保值业务管理制度》，形 ...

证券代码：600096 证券简称：云天化 公告编号：临 2026-003 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： 交易主要情况 | 交易目的 | □获取投资收益 | | | --- | --- | --- | | | 套期保值（合约类别：商品；□外汇；□其他：________） □其他：________ | | | 交易品种 | 甲醇、尿素 | | | 交易金额 | 预计动用的交易保证金和权利金 上限（单位：万元） | 21,300 | | | 预计任一交易日持有的最高合约 价值（单位：万元） | 80,000 | | 资金来源 | □借贷资金 □其他：___ 自有资金 | | | 交易期限 | 2026 年3月1日至2027年2月28日 | | 云南云天化股份有限公司 关于公司及子公司开展期货套期保值业务的公告 已履行及拟履行的审议程序: 该事项经公司第十届董事会审 计委员会 2026 年第二次会议、第十届董事会第八次（临时）会议审 议通过，无需提交公司股东会审议。 特别风险提示: 公司及子公司 ...

证券代码：600096 证券简称：云天化 公告编号：临 2026-002 云南云天化股份有限公司 关于 2026 年度日常关联交易的公告 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： 该议案尚需提交公司股东会审议。 本次日常关联交易预计均属本公司与关联方日常生产经营中 的必要的、持续性业务，相关交易有利于公司提高产业链运行效率， 提升市场掌控力，减少运营成本和费用，有益于公司的高效稳定经营， 对本公司及下属子公司无不利影响，本次日常关联交易不会导致公司 对关联方形成依赖，不会影响上市公司的独立性。 一、2026 年度日常关联交易基本情况 （一）2026 年度日常关联交易履行的审议程序 2026 年 1 月 26 日，公司召开独立董事专门会议，公司 3 名独立 董事参与会议，以 3 票同意，0 票反对，0 票弃权，审议通过《关于 公司 2026 年度日常关联交易事项的议案》；独立董事认为：公司对 2026年度日常关联交易的预计属于公司日常经营所开展的实际业务， 具有必要性，交易遵循了公开、公平、公正和诚信的原则 ...

云南云天化股份有限公司 关于召开2026年第一次临时股东会的通知 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： 股东会召开日期：2026年2月11日 本次股东会采用的网络投票系统：上海证券交易所股东会网络 投票系统 一、 召开会议的基本情况 (一) 股东会类型和届次 证券代码：600096 证券简称：云天化 公告编号：临 2026-004 2026年第一次临时股东会 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网 络投票相结合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2026 年 2 月 11 日9:00 召开地点：公司总部会议室 (五) 网络投票的系统、起止日期和投票时间 上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 2 月 11 日 至2026 年 2 月 11 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投 票时间为股东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30， 13:00-1 ...

证券代码：600096 证券简称：云天化 公告编号：临 2026-001 云南云天化股份有限公司 第十届董事会第八次（临时）会议决议公告 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。 一、董事会会议召开情况 云南云天化股份有限公司（以下简称"公司"）第十届董事会第八 次（临时）会议通知于 2026 年 1 月 21 日以送达、邮件等方式通知全 体董事及相关人员。会议于 2026 年 1 月 26 日以通讯表决的方式召开。 应当参与表决董事 9 人，实际参加表决董事 9 人，符合《公司法》和 《公司章程》等有关法律、法规和规章的规定。 二、董事会会议审议情况 （一）7 票同意、0 票反对、0 票弃权，审议通过《关于公司 2026 年度日常关联交易事项的议案》。 该议案已于 2026 年 1 月 26 日经公司独立董事专门会议全票通 过，并同意提交董事会审议。 1 议。 详见上海证券交易所网站（http://www.sse.com.cn）公司临 2026-003 号《关于公司及子公司开展期货套期保值业务的公告》。 （三）5 票同 ...

Group 1 - The agricultural chemical sector increased by 0.77% on January 26, with Chengxing Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] - Notable gainers in the agricultural chemical sector included Chengxing Co., Ltd. and Zhongnong United, both rising by 10.01% [1] Group 2 - The agricultural chemical sector experienced a net outflow of 40.45 million yuan from institutional investors, while retail investors saw a net inflow of 172 million yuan [2] - The top individual stock performers in terms of net inflow included Yuntianhua with a net inflow of 150 million yuan [3] - The overall trading volume and turnover for the agricultural chemical sector were significant, with Chengxing Co., Ltd. achieving a turnover of 7.53 billion yuan [1][2]

Group 1 - The chemical sector continues to strengthen, with the chemical ETF (516020) experiencing a maximum intraday increase of 1.32% and closing up 0.91% [1][7] - Key stocks in the sector include Yuntianhua and Salt Lake Co., both rising over 4%, while Wanhuacheng, Dongfang Shenghong, and Cangge Mining saw increases of over 3% [1][7] - Recent data indicates that the chemical ETF has attracted over 1.1 billion yuan in net subscriptions over the past five trading days and more than 2.4 billion yuan over the last twenty days [9] Group 2 - The chemical industry is currently at the bottom of a four-year down cycle, with indicators suggesting it has nearly bottomed out, and 2026 is expected to be a turning point for the cycle [3][9] - The China Chemical Product Price Index (CCPI) reported 3930 points on December 31, 2025, a 39% decline from the 2021 peak, indicating the industry is in a historical low range [3][9] - The basic chemical sector achieved a net profit of 112.7 billion yuan in the first three quarters of 2025, reflecting a year-on-year increase of 7.5%, indicating initial stabilization [3][9] Group 3 - In the context of improving fundamentals, the allocation ratio for the chemical sector has shown signs of recovery in Q4, with the expansion cycle nearing its end and profitability still at the bottom of the cycle [3][9] - The chemical ETF (516020) tracks the CSI sub-sector chemical industry theme index, covering popular themes such as AI computing power, anti-involution, robotics, and new energy [3][10] - Investors can also consider the chemical ETF linked funds (Class A 012537/Class C 012538) for exposure to the chemical sector [10]

Group 1 - The article highlights the top 20 stocks in the S&P China A-Share Dividend Opportunities Index (CSPSADRP) as of January 23, 2026, showcasing significant price increases and dividend yields [1][11]. - The stock with the highest daily increase is Aotaiwei (688516.CH) at 20.00%, with a year-to-date increase of 98.87% and a dividend yield of 2.80% [1][11]. - Other notable stocks include China Gold (600916.SH) with a daily increase of 10.02% and a year-to-date increase of 13.13%, and Weichai Power (000338.SZ) with a year-to-date increase of 36.63% [1][11]. Group 2 - The fundamental metrics of the index include a historical price-to-earnings ratio of 11.07 times, a price-to-book ratio of 1.34 times, and an expected dividend yield of 4.76% [3][12]. - The index consists of 1009 constituent stocks, with adjustments made biannually in January and July, ensuring no single stock exceeds 3% weight and no GICS sector exceeds 33% weight [4][13].

Investment Rating - The report maintains a strong rating for the chemical industry, indicating a positive outlook for the sector [5]. Core Insights - The chemical sector has shown resilience with the CITIC Basic Chemical Index rising by 5.73% and the Shenwan Chemical Index increasing by 7.29% this week [13][16]. - Key sub-industries such as soda ash, chlor-alkali, and dyeing chemicals have experienced significant price increases, with soda ash rising by 13.3% [16]. - The report highlights the competitive strength of domestic tire manufacturers and suggests focusing on companies like Sailun Tire and Linglong Tire as potential growth opportunities [4]. - The polyurethane project by Huide Technology, with an annual production capacity of 600,000 tons, has commenced, indicating strategic growth in the new materials sector [3]. - The report emphasizes the tightening supply-demand dynamics in the phosphate chemical sector due to environmental regulations and increasing demand from the new energy sector [4]. Summary by Sections Market Overview - The Shanghai Composite Index increased by 0.84%, while the ChiNext Index decreased by 0.34% [13]. - The overall performance of the chemical sector is positive, with notable gains in various sub-industries [16]. Key Sub-Industry Developments - **Polyurethane**: The price of pure MDI in East China is reported at 17,600 RMB/ton, showing a week-on-week decline of 1.12% [28]. - **Tires**: The operating load for all-steel tires in Shandong is at 62.70%, reflecting a year-on-year increase of 20.70% [49]. - **Fertilizers**: Urea prices are at 1,757.45 RMB/ton, with a week-on-week decrease of 0.4% [63]. - **Vitamins**: The price of Vitamin A is reported at 61.5 RMB/kg, down 1.6% week-on-week [79]. Investment Themes - **Tire Sector**: Domestic tire companies are positioned strongly, with a focus on growth stocks [4]. - **Consumer Electronics**: Recovery in demand is anticipated, benefiting upstream material companies [4]. - **Phosphate Chemicals**: Supply constraints due to environmental policies are expected to tighten the market [4]. - **Vitamin Supply**: Supply disruptions in Vitamin A and E are noted, creating potential investment opportunities [4].