Core Viewpoint - The company, Lu Xi Chemical, has announced the establishment of a joint venture in polycarbonate with Cangzhou Dahua and Sinochem International's wholly-owned subsidiary, Sinochem Plastics, to address industry competition and consolidate sales resources [1] Group 1 - The joint venture aims to fulfill commitments made by state-owned shareholders regarding competition within the same industry [1] - The collaboration is expected to mitigate the impact of industry competition on the company [1] - The partnership will effectively integrate the sales resources of the three parties involved in the polycarbonate sector [1]

Group 1 - The chemical products sector increased by 2.97% on January 6, with Cangzhou Dahua leading the gains [1] - The Shanghai Composite Index closed at 4083.67, up 1.5%, while the Shenzhen Component Index closed at 14022.55, up 1.4% [1] - Notable stock performances included Cangzhou Dahua with a closing price of 16.64, up 9.98%, and Jiahu Energy also up 9.98% at a closing price of 9.59 [1] Group 2 - The chemical products sector saw a net inflow of 681 million yuan from main funds, while retail investors experienced a net outflow of 375 million yuan [2] - Major stocks like Wanhua Chemical had a net inflow of 4.13 billion yuan from main funds, despite a net outflow of 2.93 billion yuan from retail investors [3] - Dongyue Silicon Materials recorded a net inflow of 174 million yuan from main funds, with a net outflow of 1.03 billion yuan from retail investors [3]

Group 1 - The company, Cangzhou Dahua (600230), stated on an interactive platform that it only discloses the number of shareholders at the end of the reporting period in its periodic reports, in accordance with information disclosure principles [1]

Core Viewpoint - The chemical products sector experienced a slight increase of 0.27% on December 30, with Evergrande High-tech leading the gains, while the Shanghai Composite Index closed at 3965.12, showing no change, and the Shenzhen Component Index rose by 0.49% [1]. Group 1: Stock Performance - Evergrande High-tech (002591) closed at 9.02, up 10.00% with a trading volume of 84,400 shares and a transaction value of 76.13 million yuan [1]. - Huide Technology (603192) also rose by 10.00% to close at 28.72, with a trading volume of 150,700 shares and a transaction value of 413 million yuan [1]. - Akali (603722) increased by 9.99% to 41.38, with a trading volume of 44,700 shares and a transaction value of 183 million yuan [1]. - New Trend New Materials (301076) saw an 8.62% increase, closing at 49.64 with a trading volume of 245,100 shares and a transaction value of 1.182 billion yuan [1]. - Meirui New Materials (300848) rose by 8.49% to 17.37, with a trading volume of 344,800 shares and a transaction value of 579 million yuan [1]. Group 2: Fund Flow Analysis - The chemical products sector experienced a net outflow of 772 million yuan from institutional investors, while retail investors saw a net inflow of 710 million yuan [2]. - The main net inflow for New Trend New Materials (301076) was 102 million yuan, accounting for 8.59% of its trading volume [3]. - Meirui New Materials (300848) had a main net inflow of 97.12 million yuan, representing 16.78% of its trading volume [3]. - Institutional investors showed a net outflow from Huide Technology (603192) of 28.44 million yuan, which is a 6.89% decrease in their trading volume [3].

Core Viewpoint - The polycarbonate (PC) industry is undergoing significant transformation, moving from a focus on capacity expansion to cost control and technological breakthroughs, with an emphasis on high-end, differentiated, and sustainable products [3]. Group 1: Industry Developments - On December 22, Sinochem International announced a joint investment with Luxi Chemical Group and Cangzhou Dahua to establish a new company focused on polycarbonate sales, aiming to enhance market efficiency and reduce operational costs [2]. - The domestic polycarbonate production capacity has nearly doubled since 2018, reaching approximately 3.81 million tons by the end of 2024, making China the largest producer globally [2]. - The average price of polycarbonate has been declining due to a mismatch in supply and demand for low-end injection-grade products, leading to industry losses [2]. Group 2: Technological Advancements - The high-end PC market is experiencing substantial demand, particularly in sectors like electric vehicles and medical devices, with domestic companies making significant breakthroughs [4]. - Recent projects, such as the optical-grade special polycarbonate by Sichuan Zhongke Zhenxing New Materials, have achieved international standards in key performance indicators, indicating strong application potential in various industries [4]. - Tuoen Technology has successfully launched a project for high-refractive polycarbonate, becoming the first company in China to achieve large-scale production [5]. Group 3: Sustainable Practices - Companies are exploring recycling and sustainable practices, such as Covestro's partnership with Allmed to recover polycarbonate from medical devices for new products [8]. - Mitsubishi Chemical is advancing in the bio-based polycarbonate sector, with its bio-based engineering plastic being adopted in new vehicle models, showcasing the industry's shift towards sustainable materials [11]. - The development of bio-based polycarbonate production facilities in China is filling domestic gaps and promoting the use of renewable resources [11][12].

Core Viewpoint - Cangzhou Dahua, in collaboration with Luxi Chemical Group and Sinochem International's subsidiary Sinochem Plastics, plans to establish a joint venture named Sinochem Polycarbonate Sales (Liaocheng) Co., Ltd. with a registered capital of RMB 5 million [1] Group 1: Joint Venture Details - The joint venture will have a registered capital of RMB 5 million, with Luxi Chemical contributing RMB 2.55 million (51%), Cangzhou Dahua contributing RMB 1.5 million (30%), and Sinochem Plastics contributing RMB 0.95 million (19%) [1] - All parties will invest using their own funds [1] Group 2: Strategic Implications - This joint venture aims to effectively integrate the sales resources of Cangzhou Dahua, Luxi Chemical, and Sinochem International in the polycarbonate sector [1] - The collaboration is expected to enhance market synergy and reduce operational costs [1] - The funding for the joint venture will come from the companies' own resources, which will not significantly impact the financial status or operating results of Cangzhou Dahua [1]

证券代码：600230 股票简称：沧州大化 编号：2025-043 沧州大化股份有限公司关于 与关联方共同投资设立合资公司暨关联交易的公告 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。 沧州大化股份有限公司（以下简称"沧州大化"或"公司"）于 2025 年 12 月 22 日召开了第九届董事会第十三次会议，审议通过了《关于与关联方共同投 资设立合资公司并签署〈关于中化聚碳酸酯销售（聊城）有限公司之合资协议〉 暨关联交易的议案》，现将具体情况公告如下： 一、关联交易概述 （一）关联交易基本情况 沧州大化与鲁西化工集团股份有限公司（以下简称"鲁西化工"）及中化国 际（控股）股份有限公司（以下简称"中化国际"）全资子公司中化塑料有限公 司（以下简称"中化塑料"）拟共同投资设立中化聚碳酸酯销售（聊城）有限公 司（最终以工商注册登记为准），并签署《合资协议》。合资公司拟定注册资本 金人民币 500 万元，其中：鲁西化工出资 255 万元，占比 51%；沧州大化股份有 限公司出资 150 万元，占比 30%；中化塑料有限公司出资 95 ...

证券代码：600230 股票简称：沧州大化 编号：2025-042 近日,公司收到天职国际《关于变更签字注册会计师的函》，现将具体情况 公告如下： 一、签字注册会计师变更情况 天职国际作为公司 2025 年度财务及内控审计机构，原委派史志强先生、郭婧 女士作为签字注册会计师，齐春艳女士作为项目质量控制复核人共同为公司提供 审计服务。由于天职国际内部工作调整，现指派宋杰先生接替郭婧女士作为签字 注册会计师。变更后的公司 2025 年财务及内控审计的签字注册会计师为史志强 先生、宋杰先生，项目质量控制复核人为齐春艳女士。 二、 本次变更人员的基本情况 （一）基本信息 签字注册会计师：宋杰先生，2017 年成为注册会计师，2014 年开始从事上 市公司审计，2017 年开始在天职国际执业。2025 年开始为沧州大化提供审计服 务，近三年签署了上市公司审计报告 1 家，具备相应的专业胜任能力。 沧州大化股份有限公司 关于变更签字注册会计师的公告 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。 沧州大化股份有限公司（以下简称"公司"）于 ...

Core Viewpoint - Cangzhou Dahua announced the convening of its 12th meeting of the 9th Board of Directors on December 9, 2025, to review documents related to the adjustment of the Nomination Committee members [1] Group 1: Company Overview - For the year 2024, Cangzhou Dahua's revenue composition is 99.29% from the chemical industry and 0.71% from other businesses [1] - As of the report date, Cangzhou Dahua has a market capitalization of 5.3 billion yuan [1]

证券代码：600230 证券简称：沧州大化 公告编号：2025-041 沧州大化股份有限公司 2025年第三次临时股东会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 12 月 11 日 (二)股东会召开的地点：河北省沧州市渤海新区沧州临港化工园区东区军盐路北 侧公司办公楼 501 会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 268 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 210,981,708 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 50.9665 | (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次股东会由公司董事会召集，董事长刘增先生主持，采用现场会议、现场 投票与网络投票相结合的方式召开。会议的召集 ...