产教融合，深化校企合作。督促指导市管(市直)企业通过构建"1+N"校企联合模式，升级专业化人才培 养模式。国丰集团与中国工程院院士、中国免疫学会理事长吴玉章团队签署院士工作站合作协议，工作 站顺利落户蓝色药谷.生命岛；万华化学（600309）通过签订战略合作协议，与北京大学、天津大学、 华东理工等十余所高校建立深度合作关系，目前，各高校已累计向万华输送3000余名在校生实习；东方 电子（000682）通过设立奖学金、开展人才定制培养、邀请毕业生定向实习等多种方式，与华北电力大 学、兰州大学等外地高校以及山东工商学院等驻烟高校合作，吸引广大优秀毕业生留企就业。 悉心育才，夯实培训根基。坚持"统分结合、寓学于用、学以致用"原则，全力打造"智汇国资产才共 兴"人才培育品牌，形成了市国资委牵头抓总、市管(市直)企业各司其职的人才培育格局。2024年以 来，国资国企系统组织各类培训教育3000余次，悉心打造"万华大学""蓝天学院""国丰学堂"等教育品 牌，实现了对国企干部职工培训教育全覆盖。 齐鲁晚报.齐鲁壹点闫丽君 11月26日，烟台市人民政府新闻办公室举行"抓改革创新促高质量发展"主题系列第四场新闻发布会。会 上， ...

证券之星消息，11月26日山东国企改革板块较上一交易日上涨0.45%，新华制药领涨。当日上证指数报 收于3864.18，下跌0.15%。深证成指报收于12907.83，上涨1.02%。山东国企改革板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000756 | 新华制药 | 18.15 | 5.77% | 87.79万 | 15.95 Z | | 000977 | 浪潮信息 | 63.56 | 5.74% | 99.54万 | 62.66亿 | | 002083 | 季日股份 | 9.76 | 3.50% | 161.37万 | 15.64亿 | | 000680 | 山推股份 | 10.56 | 3.02% | 38.19万 | 4.07亿 | | 301262 | 海着股份 | 28.78 | 3.01% | 22.80万 | 6.56亿 | | 001219 | 青岛食品 | 14.81 | 2.49% | 6.53万 | 9679.03万 | | 600858 | ...

化工板块今日（11月25日）吹响反攻号角。反映化工板块整体走势的化工ETF（516020）开盘短暂下探 后迅速拉升，盘中场内价格最高涨幅达到1.43%，后持续高位震荡，截至收盘，涨1.17%。 成份股方面，氟化工、锂电、钾肥、磷化工等板块部分个股涨幅居前。截至收盘，多氟多飙涨7.26%， 天赐材料大涨4.36%，恩捷股份、藏格矿业、新宙邦等跟涨超3%。 中信建投指出，随着固态电池中期验收有望于年底前顺利完成，技术方案将进一步收敛，确定性逐步增 强，头部电池厂及整车厂有望于年底前开启新一轮订单招标，看好锂电设备跨年行情。 从估值方面来看，当前化工板块仍具配置性价比。数据显示，截至昨日（11月24日）收盘，化工ETF （516020）标的指数细分化工指数市净率为2.26倍，位于近10年来37.38%分位点的相对低位，中长期配 置性价比凸显。 值得注意的是，今年以来，或受益于"反内卷"行情，化工板块表现显著占优。数据显示，截至今日收 盘，化工ETF（516020）标的指数细分化工指数年内累计涨幅已达到25.08%，显著优于同期上证指数 （15.46%）、沪深300指数（14.12%）等A股主要指数。 展望后市，开源 ...

如何把握化工板块反弹机遇？借道化工ETF（516020）布局效率或更高。公开资料显示，化工ETF（516020）跟踪中证细分化工产业主题指 数，全面覆盖化工各个细分领域。其中近5成仓位集中于大市值龙头股，包括万华化学、盐湖股份等，分享强者恒强投资机遇；其余5成仓位兼 顾布局磷肥及磷化工、氟化工、氮肥等细分领域龙头股，全面把握化工板块投资机会。场外投资者亦可通过化工ETF联接基金（A类012537/C 类012538）布局化工板块。 来源：沪深交易所等，截至2025.11.25。 中信证券认为，展望2026年，锂电行业整体供需结构有望进一步改善。此外，固态电池产业化加速，有望带来电池、材料、设备环节的投资机 会。重点关注技术差异化程度更高、成本控制能力更强的供应链优质头部企业。 从估值方面来看，当前化工板块仍具配置性价比。数据显示，截至昨日（11月24日）收盘，化工ETF（516020）标的指数细分化工指数市净率 为2.26倍，位于近10年来37.38%分位点的相对低位，中长期配置性价比凸显。 开源证券表示，化工行业在"反内卷"推动下有望迎来迎来业绩、估值双重抬升。在"反内卷"浪潮席卷而来的当下，新一轮供给侧改 ...

截至9月30日，万华化学股东户数24.36万，较上期减少9.49%；人均流通股12850股，较上期增加 10.16%。2025年1月-9月，万华化学实现营业收入1442.26亿元，同比减少2.29%；归母净利润91.57亿 元，同比减少17.45%。 11月25日，万华化学盘中上涨2.04%，截至10:46，报64.07元/股，成交7.15亿元，换手率0.36%，总市值 2005.69亿元。 资金流向方面，主力资金净流入4842.74万元，特大单买入4326.43万元，占比6.05%，卖出4941.65万 元，占比6.91%；大单买入2.12亿元，占比29.65%，卖出1.58亿元，占比22.03%。 万华化学今年以来股价跌9.27%，近5个交易日跌2.03%，近20日涨4.21%，近60日跌6.01%。 资料显示，万华化学集团股份有限公司位于山东省烟台市经济技术开发区三亚路3号，成立日期1998年 12月16日，上市日期2001年1月5日，公司主营业务涉及各种异氰酸酯产品及其衍生产品的开发、生产、 经营、应用;各种聚氨酯系统料及其助剂的开发、生产、经营。主营业务收入构成为：聚氨酯系列 40.58%，石化系列 ...

Core Viewpoint - Sinochem New Materials Co., Ltd. and Wanhua Chemical Group Co., Ltd. have established a joint development laboratory to enhance collaboration on advanced coating materials and domestic high-performance raw materials [1] Group 1: Joint Development Laboratory - The joint development laboratory aims to focus on cutting-edge technology in high-end coating materials and the compatibility of Wanhua Chemical's domestic high-performance raw materials [1] - The initial collaboration will concentrate on single product supply, gradually expanding to R&D technology improvements and production process optimizations [1] Group 2: Domestic High-End Curing Agents - Sinochem New Materials is one of the first companies to switch to Wanhua Chemical's domestic HDI curing agents, addressing the long-standing reliance on imports for high-end curing agents in China [1] - Through joint testing and formulation optimization, the companies aim to achieve domestic substitution of high-end curing agents [1] Group 3: Trust and Collaboration - The partnership is built on years of accumulated trust, transitioning from "supply-demand synergy" to "technology co-creation" [1]

Group 1 - The report emphasizes a dual-driven strategy where technology and cyclical sectors are rebalanced, highlighting opportunities in the chemical industry under the "anti-involution" trend [4][14][15] - The report notes that from Q3 2025, both technology and cyclical sectors have shown synchronized growth, indicating a shift in market dynamics [15][18] - The chemical industry is expected to benefit from a recovery in supply-demand dynamics, with capital expenditure nearing its end and a significant decrease in ongoing projects [4][5][25] Group 2 - The chemical sector is positioned to enter a new cycle of prosperity, driven by the "anti-involution" policy, which is expected to enhance both performance and valuation [5][31][65] - The report identifies that the chemical industry has advantages over traditional cyclical sectors like steel and coal, particularly in capacity optimization and high-end transformation paths [25][30] - The report highlights that the chemical industry is experiencing a significant reduction in capital expenditure, with a 10% year-on-year decrease in ongoing projects as of H1 2025 [25][33] Group 3 - The report suggests that the domestic demand is stabilizing, supported by government policies aimed at boosting consumption, which is expected to benefit the chemical sector [35][42] - The chemical industry has shown resilience in exports despite trade tensions, with a notable increase in export volumes to ASEAN, EU, and India [42][47] - The report indicates that the chemical industry is likely to see a dual uplift in performance and valuation, particularly when compared to the refrigerant sector, which is currently experiencing high demand [66][68]

Investment Rating - The report maintains a "Recommended" rating for the chemical industry [1] Core Views - The chemical industry is expected to benefit from the ongoing "anti-involution" measures, which may lead to a significant slowdown in global chemical capacity expansion. This shift is anticipated to enhance cash flow and dividend yields for companies in the sector, transforming them from cash-consuming entities to cash-generating ones [7][27] - The report highlights the potential for domestic substitutes for Japanese semiconductor materials due to rising tensions in Sino-Japanese relations, which could accelerate the domestic market's growth in this area [6] Summary by Sections Recent Trends - The chemical industry has shown a relative performance increase of 16.1% over the past 12 months, outperforming the CSI 300 index, which increased by 11.6% [4] Key Price Movements - DMC (Dimethyl Carbonate) prices rose to 4400 CNY/ton, up 14.29% week-on-week, driven by strong demand from the electrolyte sector [14] - Lithium battery electrolyte prices increased to 27000 CNY/ton, up 8.00% week-on-week, although profit margins for manufacturers are under pressure due to rising raw material costs [14] - Diammonium phosphate prices in East China reached 3850 CNY/ton, up 5.48% week-on-week, amid rising production costs [14] Investment Opportunities - The report identifies four key opportunities in the chemical sector: 1. Low-cost expansion, focusing on companies like Wanhua Chemical and Hualu Hengsheng [9] 2. Improved industry conditions, particularly in chromium salts and phosphate rock [10] 3. New materials with high growth potential, such as electronic chemicals and aerospace materials [11] 4. High dividend yields from state-owned enterprises in the chemical sector, including China Petroleum and China National Chemical [11] Company Tracking and Earnings Forecast - The report provides a detailed earnings forecast for key companies, indicating a positive outlook for several firms in the chemical sector, with many rated as "Buy" [28]

2025年10月，A股市场掀起了一场声势浩大的"减持潮"，仅一周时间内就有247家公司发布减持公告，创下年内最高纪录。 而9月刚刚过去三分之一时，已有 超过400家上市公司披露重要股东减持完成公告，累计套现金额高达190亿元。 产业资本正在AI狂欢中悄然撤退，内部人的减持动作比任何分析师报告都更直白地预示估值高点。 中微公司作为市值千亿的半导体设备龙头，最近一个月累计减持超过18.09亿元。 其第一大股东上海创业投资和第二大股东巽鑫（上海）投资在今年已经连 续三次减持，最近一次就在11月13日，单次减持626万股，市值超过16亿元。 山西汾酒这家山西省国资委旗下的千亿白酒龙头，尽管是唯二两家三季报增长的白酒企业之一，仍然被第二大股东华创鑫睿减持611万股，总减持金额超过 17亿元。 化工行业市值龙头万华化学也未能幸免，作为烟台国资委旗下、全球最大的MDI生产商，最近一个月被累计减持超过11亿元。 令人困惑的是，万华化学股 价已经从高位有所回落，在这个并不算高的位置遭遇减持，引发市场种种猜测。 风电行业领军企业金风科技同样遭遇减持，其第四大股东和谐健康保险连续减持，持股从4亿股降至2亿多股，最近一个月累计减持超 ...

Core Viewpoint - The launch of the first scheduled China-Europe freight train route from Jinan to Budapest marks a significant step in enhancing international logistics and trade cooperation between Shandong and Europe, with a focus on efficiency and reliability in transportation [1][2]. Group 1: Launch and Operations - The first scheduled China-Europe freight train, operated by Shandong High-speed Group, departed with 104 standard containers loaded with diverse goods, including home appliance parts and chemicals, and is expected to reach Budapest in approximately 12 days [1][2]. - The new route is part of the fourth batch of scheduled China-Europe freight trains announced by China Railway Group, which includes seven new routes, enhancing the connectivity and operational efficiency of freight services [1][2]. Group 2: Efficiency and Benefits - The "high-end version" of the China-Europe freight train enjoys a "three-priority" guarantee mechanism, which includes priority in train assembly, loading, and departure, significantly reducing waiting times at key operational points [2]. - The full transportation time from Jinan to Budapest is controlled at 12 days and 3 hours, which is over 7 days faster than regular freight trains, providing a more reliable and efficient logistics option for import and export businesses [2]. Group 3: Economic Impact - In the first ten months of the year, Shandong's imports and exports to the EU reached 271.74 billion yuan, reflecting a year-on-year growth of 6%, indicating a growing demand for international logistics services [2]. - The operation of the scheduled freight train is expected to support Shandong enterprises in expanding their overseas markets, enhancing production planning, and reducing overall costs [3]. Group 4: Future Developments - The scheduled freight train from Jinan to Budapest will operate bi-weekly, aiming to expand door-to-door services and overseas regulatory warehouses for businesses [3]. - The establishment of a fixed schedule for the freight train network is anticipated to improve Jinan's status as a logistics hub, facilitating quick distribution of goods to neighboring countries through Budapest's extensive transport network [3][4].