Core Points - The company, Juhua Co., Ltd. (stock code: 600160), announced the resignation of its board secretary, Liu Yunhua, due to work adjustments [1] Summary by Category - **Company Announcement** - Juhua Co., Ltd. has received a written resignation report from its board secretary, Liu Yunhua [1]

Group 1 - Liu Yunhua has resigned as the Secretary of the Board of Directors of the company due to work adjustments, but he will continue to serve as a director and in other roles within the company [1] - The company's revenue composition for the period from January to December 2024 indicates that the chemical industry accounts for 84.88% of total revenue, while other businesses contribute 15.12% [1] Group 2 - The current market capitalization of the company is 93.8 billion yuan [2]

证券代码：600160 证券简称：巨化股份 公告编号：临 2025-50 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。 公司将根据《上海证券交易所股票上市规则》《公司董事会秘书工作制度》 等有关规定，尽快完成董事会秘书的选聘工作。 为保证董事会工作的正常进行，公司在聘任新的董事会秘书之前，暂由公司 董事、财务负责人王笑明先生代行董事会秘书职责。 刘云华先生担任公司董事会秘书期间勤勉尽责，为公司的健康发展做出了积 极贡献。公司及董事会对此表示衷心感谢。 浙江巨化股份有限公司 关于董事会秘书离任的公告 重要内容提示： 浙江巨化股份有限公司（以下简称"公司"）董事会于近日收到公司董事会 秘书刘云华先生的书面辞职报告。因工作调整，刘云华先生辞去公司董事会秘书 职务。 一、提前离任的基本情况 | 姓名 | 离任职务 | 离任时间 | | | 原定任期 | 离任原因 | 是否继续在上 市公司及其控 | 具体职 务（如 | 是否存在未 履行完毕的 | | --- | --- | --- | --- | --- | --- | --- | ...

Core Viewpoint - The company announced the resignation of its board secretary, Liu Yunhua, due to work adjustments, while he will continue to serve as a board member and in other roles [1] Group 1 - Liu Yunhua submitted a written resignation report to the board, effective upon delivery [1] - The company will expedite the selection of a new board secretary [1] - Until a new board secretary is appointed, the responsibilities will be temporarily assumed by Wang Xiaoming, the company's director and financial officer [1]

Core Viewpoint - The petrochemical sector is experiencing a strong upward trend, with significant gains in the sector index and individual stocks, indicating a positive market sentiment and potential investment opportunities [1][3]. Group 1: Market Performance - As of November 19, 2025, the China Petrochemical Industry Index rose by 1.37%, with notable increases in stocks such as Tongcheng New Materials (up 5.63%) and China Petroleum (up 4.83%) [1]. - The Petrochemical ETF (159731) increased by 1.44%, reaching a price of 0.85 yuan, and has seen a total net inflow of 8.51 million yuan over the past three days [1]. - The Petrochemical ETF's net asset value has risen by 26.56% over the past six months, with a maximum monthly return of 15.86% since its inception [3]. Group 2: Investment Insights - According to CITIC Securities, the chemical sector is currently trading based on three main themes: 1. Increased demand for energy storage materials, particularly in lithium battery supply chains [3]. 2. Ongoing self-regulation within the chemical industry, which may lead to a recovery in chemical prices [3]. 3. High growth potential in the chemical sector's core businesses [3]. - The top ten weighted stocks in the China Petrochemical Industry Index account for 56.05% of the index, with Wanhua Chemical and China Petroleum being the largest contributors [3]. Group 3: Stock Performance - The performance of key stocks within the index includes: - Wanhua Chemical: -0.37% (10.47% weight) - China Petroleum: +4.05% (7.63% weight) - Salt Lake Co.: +5.58% (6.44% weight) - China Petrochemical: +4.83% (6.44% weight) [5].

Group 1: Oil and Gas - The oil supply-demand situation is under short-term pressure due to OPEC+ production increases, but medium to long-term oil prices are expected to have bottom support, with Brent crude oil price forecasts for 2025 and 2026 at $68 and $62 per barrel respectively [2][46] - The demand for natural gas in China is expected to continue growing, supported by low import costs, which will enhance profitability in the domestic industry chain [49] Group 2: Bulk Chemicals - A turning point in capital expenditure growth in the chemical raw materials and products industry has been observed since the second half of 2025, with expectations for a new round of recovery in 2026 driven by domestic demand improvements and export support [3][54] - The supply-demand situation for bulk chemical products is expected to improve, with policies supporting supply optimization and demand recovery anticipated to lead to a new round of prosperity [9][54] Group 3: Chemical Products and Fine Chemicals - The recovery in demand for chemical products and fine chemicals is expected to continue, driven by growth in sectors such as automotive, home appliances, military, and electronics, alongside cost improvements in raw materials [4][54] - The chemical industry is likely to see ongoing development in new materials and technologies, with a focus on high-end supply enhancement as emphasized in national policies [4][24] Group 4: Recommended Companies - The report recommends several companies for investment, including China Petroleum (A/H), China National Offshore Oil Corporation (A/H), and various chemical companies such as LUXI Chemical, Hualu Hengsheng, and Wanhua Chemical, indicating their potential for value reassessment and growth [7][23][24]

Group 1 - The PVDF concept sector experienced a decline of 3.53%, ranking among the top declines in the concept sector, with stocks like Putailai and Duofluoride hitting the daily limit down [1] - Major stocks within the PVDF concept, such as Duofluoride and Putailai, saw significant drops, with Duofluoride down by 9.99% and Putailai also down by 9.99% [2][3] - The PVDF concept sector faced a net outflow of 2.148 billion yuan, with 14 stocks experiencing net outflows, and 11 stocks seeing outflows exceeding 30 million yuan, led by Duofluoride with a net outflow of 1.436 billion yuan [2] Group 2 - Other concept sectors showed varied performance, with the Xiaohongshu concept rising by 3.16% and the sodium-ion battery concept declining by 3.76% [2] - The top net inflow stocks included Dongyangguang, Jinming Precision Machinery, and Shengjingwei, with net inflows of 33.5148 million yuan, 4.946 million yuan, and 254,300 yuan respectively [2][3] - The trading volume for Duofluoride was notably high, with a turnover rate of 20.77% alongside a significant net outflow of 1.436 billion yuan [2]

（记者 王瀚黎） 巨化股份（600160.SH）11月18日在投资者互动平台表示，本公司除参股公司新亚杉杉新材料科技(衢 州)有限公司从事该业务外，本公司不直接从事该业务。 每经AI快讯，有投资者在投资者互动平台提问：公司是否生产六氟磷酸锂，占年度业绩多少？ ...

11月18日，巨化股份盘中下跌2.05%，截至14:29，报34.48元/股，成交6.09亿元，换手率0.64%，总市值 930.87亿元。 分红方面，巨化股份A股上市后累计派现59.73亿元。近三年，累计派现16.47亿元。 资金流向方面，主力资金净流出7350.00万元，特大单买入4913.19万元，占比8.07%，卖出8531.40万 元，占比14.02%；大单买入1.47亿元，占比24.20%，卖出1.85亿元，占比30.33%。 机构持仓方面，截止2025年9月30日，巨化股份十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股6450.90万股，相比上期减少2041.15万股。兴全合润混合A（163406）位居第三大流通股 东，持股4872.24万股，相比上期减少175.15万股。兴全合宜混合A（163417）位居第四大流通股东，持 股2522.52万股，相比上期增加27.31万股。华泰柏瑞沪深300ETF（510300）位居第七大流通股东，持股 2311.19万股，相比上期减少105.44万股。鹏华中证细分化工产业主题ETF联接A（014942）位居第八大 流通股东，持股2026.70 ...

Core Viewpoint - The company maintains an optimistic outlook on the global refrigerant market, driven by the growth of artificial intelligence, semiconductors, and the new energy industry, alongside increasing domestic production levels [1] Group 1: Product Pricing and Market Trends - As of now, the prices of HFCs (hydrofluorocarbons) continue to trend upwards in the fourth quarter [1] - The company anticipates sustained growth in the fluorinated liquid products and market in China [1] Group 2: Project Development - The construction of the Gansu Juhua high-performance fluorine and chlorine new materials integration project is progressing actively and orderly [1]