证券日报网讯 2月2日，兴发集团在互动平台回答投资者提问时表示，公司2025年新推磷化剂系列产品 和乙硫醇已完成市场导入，2025年分别实现销量约800吨和900吨。2026年上述两类产品规划销量较2025 年增长3至4倍，其中磷化剂系列产品2026年第一季度销量预计超过1000吨。2026年，公司计划建成投产 1万/吨电池级五硫化二磷，加快叔十二烷基硫醇、4，4-二氯二苯砜等新产品的中试放大以及电子级红 磷、聚硫醇等新产品的小试验证。 （文章来源：证券日报） ...

Group 1 - The agricultural chemical sector experienced a significant decline of 6.88% on February 2, with Hongda Co. leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] - Key stocks in the agricultural chemical sector saw substantial losses, with Hongda Co. down 10.02% to 14.63, and Zhongnong United down 10.01% to 18.52 [1] Group 2 - The agricultural chemical sector saw a net outflow of 2.269 billion yuan from main funds, while retail investors had a net inflow of 2.299 billion yuan [1] - Individual stock fund flows showed varied results, with Guangxin Co. experiencing a net outflow of 40.09 million yuan from main funds [2] - Longqing Co. had a net inflow of 4.18 million yuan from main funds, while Jinzhen Co. saw a net outflow of 3.77 million yuan from retail investors [2]

| 证券代码：600141 | 证券简称：兴发集团 | 公告编号：临 2026-012 | | --- | --- | --- | | 转债代码：110089 | 转债简称：兴发转债 | | 湖北兴发化工集团股份有限公司 关于以集中竞价交易方式回购股份的进展公告 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： | 回购方案首次披露日 | 2026/1/22 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2026 年 1 19 | 月 | 20 | 日~2026 | 年 | 4 | 月 日 | | 预计回购金额 | 20,000万元~40,000万元 | | | | | | | | 回购用途 | □减少注册资本 □用于员工持股计划或股权激励 | | | | | | | | | □用于转换公司可转债 | | | | | | | | | √为维护公司价值及股东权益 | | | | | | | | 累计已回购股数 ...

格隆汇2月2日丨兴发集团(600141.SH)公布，截至2026年1月31日，公司通过集中竞价交易方式累计回购 股份235.37万股，占公司总股本的比例为0.21%，回购成交的最高价为42.05元/股，最低价为40.26元/ 股，支付的资金总额为人民币9818.32万元(不含交易费用)。 ...

兴发集团(600141)2月2日在互动平台表示，公司2025年新推磷化剂系列产品和乙硫醇已完成市场导入， 2025年分别实现销量约800吨和900吨。2026年上述两类产品规划销量较2025年增长3至4倍，其中磷化剂 系列产品2026年第一季度销量预计超过1000吨。2026年，公司计划建成投产1万/吨电池级五硫化二磷， 加快叔十二烷基硫醇、4,4-二氯二苯砜等新产品的中试放大以及电子级红磷、聚硫醇等新产品的小试验 证。 ...

Investment Rating - The report does not explicitly provide an investment rating for the chemical industry. Core Insights - The report highlights that during the period from January 19 to February 1, 2026, the CSI 300 index experienced a decline of 0.54%, while the CITIC Basic Chemical Index increased by 3.19%, outperforming the CSI 300 by 3.73 percentage points. The CITIC Petroleum and Petrochemical Index rose by 15.22%, outperforming the CSI 300 by 15.76 percentage points [3][18]. - Among the 39 sub-sectors in the CITIC Basic Chemical and Petroleum and Petrochemical sectors, 26 sectors saw an increase, while 11 sectors declined. Notable gainers included Dyeing Chemicals (25.13%), Oil Extraction III (17.37%), Other Petrochemicals (15.09%), Chlor-alkali (14.35%), and Compound Fertilizers (13.40%). Conversely, Carbon Fiber (-6.34%), Lithium Battery Chemicals (-6.17%), Electronic Chemicals (-5.68%), Chemical Preparations (-4.24%), and Modified Plastics (-2.99%) were among the largest decliners [4][20]. Summary by Sections 1. Key Chemical Product Price Tracking - The report indicates significant price increases for products such as Nitro-chlorobenzene (27.91%), Acetonitrile (13.58%), TMP (12.15%), and Brent crude oil (10.38%) during the week of January 26 to February 1, 2026. In contrast, prices for Hydrogen Peroxide (-7.66%), Formaldehyde (-5.60%), Acetic Anhydride (-3.88%), and Hydrochloric Acid (-3.70%) saw notable declines [14]. 2. Convertible Bond Market Review - As of February 1, 2026, among 60 publicly traded convertible bonds in the chemical industry, 6 bonds increased in value while 54 bonds decreased. The top five gainers were Baichuan Convertible Bond 2 (12.75%), Jinj Chicken Convertible Bond (4.72%), Saiter Convertible Bond (4.16%), Blue Sky Convertible Bond 02 (0.96%), and Shenghong Convertible Bond (0.27%). The top five losers included Huicheng Convertible Bond (-15.82%), Julong Convertible Bond (-12.54%), Anji Convertible Bond (-10.28%), Dinglong Convertible Bond (-8.10%), and Youcai Convertible Bond (-7.03%) [5][22]. 3. Recent Key Bond Tracking and Issuance Progress - The report notes that the "Lianrui Convertible Bond" was listed on January 28, 2026, and the "Xingfa Convertible Bond" was redeemed early. Additionally, several companies are in the process of issuing convertible bonds, with details on their issuance scale and progress provided [6][29]. 4. Company Announcements and Industry News Tracking - Key announcements include Fulei New Materials adjusting its fundraising project to increase production lines for environmentally friendly high-precision display materials and the completion of a project by Youcai Resources for recycling old textiles. Additionally, the report discusses significant industry news, such as the closure of chemical plants in Europe and the strategic decisions of major companies like ExxonMobil and Tronox [33][34].

Investment Rating - The report maintains a "Recommended" rating for the organic silicon industry [1][100]. Core Insights - The demand for organic silicon is steadily increasing, driven by applications in electronics, construction, manufacturing, and textiles, with significant growth expected in photovoltaic adhesives and new energy lithium battery adhesives [7][22]. - Supply expansion in the organic silicon sector is slowing down, with the industry entering the tail end of a capacity expansion cycle, leading to limited new capacity in the coming years [7][68]. - The "anti-involution" trend is positively impacting the industry's recovery from the bottom, with recent meetings among industry leaders resulting in price increases for organic silicon intermediates [7][84]. Summary by Sections Demand and Supply - Organic silicon demand is projected to grow at rates of 8.0%, 7.0%, and 8.8% from 2025 to 2027 in China [7]. - The supply of organic silicon is expected to see limited new capacity additions, with only 45,000 tons projected from Xinjiang Qiya Group by 2027 [7][68]. Price Trends and Market Dynamics - The price of organic silicon intermediates has increased by approximately 27% from November 2025 to January 2026, reflecting strong industry support for price stabilization [7][84]. - The industry is experiencing a gradual decrease in inventory levels and maintaining a reasonable operating rate of 70%-75% [88]. Key Companies and Investment Focus - The report highlights key companies in the organic silicon sector, including Hoshine Silicon Industry, Xingfa Group, Luxi Chemical, Xin'an Chemical, Dongyue Silicon Material, Sanyou Chemical, and Hengxing Technology, as potential investment targets [7][100].

Investment Rating - The report maintains a positive investment rating for the chemical industry, highlighting the potential benefits from the "dual carbon" policy implementation [5]. Core Insights - The "dual carbon" policy is expected to significantly impact the chemical industry, with a focus on carbon emissions control becoming a rigid constraint during the 14th Five-Year Plan period [6][14]. - The report identifies that the attention towards "dual carbon" from provincial leaders has increased by 137% since September 2025, indicating a shift in focus towards carbon emissions as a critical performance metric [7][18]. - The chemical industry is anticipated to undergo structural changes, with high carbon intensity sectors facing supply constraints, while low-carbon leaders are expected to benefit from the transition [8][30]. Summary by Sections 1. "14th Five-Year Plan": Carbon Peak Closing Battle - Local carbon assessments may treat carbon emissions as an equally important rigid constraint [15]. - High carbon intensity sectors such as ammonia fertilizer, coal chemical, and chlorine-alkali are likely to face capacity constraints first [29][30]. 2. Petrochemical "Dual Carbon" Opportunities - The petrochemical sector is expected to undergo a transformation driven by the "dual carbon" goals, with a focus on optimizing supply and demand structures [38]. - Refining sector dynamics are shifting towards improved supply-demand balance due to stringent approval processes for new projects and the elimination of high-energy-consuming capacities [38]. 3. Basic Chemical "Dual Carbon" Opportunities - Coal chemical industry is projected to stabilize supply under carbon limits, driving quality improvements in the sector [3.1]. - Carbon fiber and fluorochemical sectors are expected to benefit from process optimization and green transitions [3.2][3.3]. 4. Investment Recommendations - The report suggests focusing on three categories of leading companies: 1. Integrated leaders in the oil chemical sector with scale and efficiency advantages [8]. 2. Coal chemical leaders with advanced processes and low emissions [8]. 3. High-quality firms in fluorochemical and carbon fiber sectors that align with "dual carbon" goals [8].

Investment Rating - The report maintains an "Outperform" rating for the phosphate chemical industry [1][4][5] Core Insights - The phosphate rock supply and demand are in a tight balance, with new energy contributing to incremental growth [1][2] - The wet-process phosphoric acid is the core preparation route in the phosphate chemical industry, gradually replacing the high-energy-consuming thermal process due to its lower energy consumption and simpler equipment [1][16] - Stricter safety and environmental policies are accelerating the exit of outdated production capacity, leading to a continuous optimization of the supply-demand structure in the industry [1][18] - The domestic supply of phosphate rock is tightening due to limited resources and strong environmental constraints, with the price expected to remain high in the long term [1][26][33] Summary by Sections Phosphate Chemical Industry Overview - The phosphate chemical industry includes both wet and thermal processes, with wet-process phosphoric acid being favored due to its lower energy consumption and cost advantages [1][13][16] - The industry is facing increasing pressure from environmental regulations, leading to the closure of many outdated production facilities [1][18] Supply and Demand Dynamics - China's phosphate rock resources are characterized by scarcity and low quality, with the country holding about 5% of global reserves while contributing nearly half of the world's production [1][26] - The demand for phosphate rock is expected to increase, particularly driven by the growth in new energy applications, which is projected to account for a significant portion of phosphate consumption by 2024 [2][31] Key Companies and Investment Recommendations - Recommended companies include: - Chuanheng Co., a leading integrated phosphate chemical company with high profit margins supported by self-sufficient high-grade phosphate rock [3][4] - Yuntianhua, a dual leader in phosphate rock and fertilizer with significant resource reserves and stable growth [3][4] - Xingfa Group, a leader in fine phosphate chemicals with a diversified business model [3][4] - Yuntu Holdings, a leader in the phosphate compound fertilizer industry benefiting from tight sulfur supply [3][4] Profit Forecast and Valuation - The report provides profit forecasts and investment ratings for key companies, indicating a favorable outlook for their earnings per share (EPS) and price-to-earnings (PE) ratios [4][5]

●本次权益变动系湖北兴发化工集团股份有限公司（以下简称"公司"）可 转换公司债券转股使得公司股份总数增加，导致公司持股5%以上股东浙江金帆达 生化股份有限公司（以下简称"浙江金帆达"）持股比例由16.14%被动稀释至 15.95%，触及1%的整数倍，不涉及持股数量变化。 ●本次权益变动未触及要约收购，不会导致公司控股股东及实际控制人发生 变化。 转债代码：110089 转债简称：兴发转债 证券代码：600141 证券简称：兴发集团 公告编号：临2026-011 湖北兴发化工集团股份有限公司 关于持股5%以上股东权益变动触及1%刻度的提示性 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： 三、其他情况说明 一、可转债基本情况 根据中国证券监督管理委员会《关于核准湖北兴发化工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【2022】1904 号），公司于2022 年 9 月22 日公开发行了2,800 万张可转换公司债券（转债简称"兴发转债"，转债 代码"110089"），每张面值100 元 ...