节约用水，离不开全社会的共同努力。近年来，我省深入实施国家节水行动，持续推进农业节水增 效、工业节水减排、城镇节水降损，全社会节水意识明显增强，用水效率和效益不断提高。我省以占全 国1%的水资源，养育了约占全国7%的人口，灌溉了约占全国5%的耕地，生产了约占全国8%的粮食， 贡献了占全国7%以上的GDP。在国务院实行最严格水资源管理制度考核中，我省10次考核优秀。（记 者 方垒） 为表彰先进典型，树立奋斗榜样，激励社会各界积极投身节水实践、携手推进节水工作，经党和国 家功勋荣誉表彰工作委员会办公室批准设立中国节水奖。全国149个单位、199名个人分别荣获"中国节 水奖先进集体"、"中国节水奖先进个人"称号。其中，山东省水利厅科技与对外合作处、山东省城镇供 排水协会、德州市水利局、滨州市城乡水务局荣获"中国节水奖先进集体"；山东省工业和信息化厅绿色 发展推进处一级主任科员陈雪、山东省水利科学研究院副院长刘健、山东省农业技术推广中心（山东省 农业农村发展研究中心）土壤肥料部节水农业科科长于舜章、聊城市水利局水资源科（节约用水办公 室）科长唐浩、莱芜水利投资发展集团有限公司副总经理张奉刚、万华化学集团股份有限公司首 ...

Group 1 - The chemical industry has experienced a prolonged downturn since 2022, with companies now positioned at the bottom of the profitability cycle, indicating significant potential for recovery as production capacity has expanded since 2020 [1] - Wanhua Chemical's core businesses, including polyurethane and fine chemical new materials, are expected to see substantial production increases by 2025, with growth rates of 131%, 255%, and 381% compared to Q1-Q3 2020 [1] - Hualu Hengsheng's production in organic amines, fertilizers, and new energy materials is projected to grow by 45%, 109%, 161%, and 57% respectively by 2025, with significant profitability improvements anticipated through technological upgrades [1] Group 2 - Longbai Group's titanium dioxide and titanium concentrate production is expected to increase by 68% and 58% respectively by the first half of 2025, with significant capacity expansions underway [2] - Boyuan Chemical's production of soda ash and sodium bicarbonate is projected to grow by 388% and 59% respectively by the first half of 2025, with new projects contributing to future growth [2] - Xingfa Group's production in specialty chemicals, pesticides, fertilizers, and organic silicon is expected to grow by 75%, 51%, 131%, and 118% respectively by 2025, indicating strong market demand [2] Group 3 - As of December 26, 2025, the CSI Sub-Industry Chemical Theme Index has risen by 1.04%, with notable increases in stocks such as Guangwei Composites and Duofu Du, reflecting positive market sentiment [3] - The CSI Sub-Industry Chemical Theme Index is designed to track the performance of major listed companies in the chemical sector, with the top ten weighted stocks accounting for 45.41% of the index [3]

截至发稿，万华化学市值为2401亿元。 每经头条（nbdtoutiao）——微信聊天遭老板监视，杀毒软件"失明"，员工隐私被系统性采集！软件商 公开售卖"监控神器"，称已服务多家企业 （记者 王晓波） 每经AI快讯，万华化学（SH 600309，收盘价：76.71元）12月25日晚间发布公告称，公司获悉持股5% 以上股东烟台中诚投资股份有限公司所持有本公司的部分股份办理解除质押手续，本次解除质押400万 股。 公司股东烟台中诚投资股份有限公司持有万华化学股份约3.3亿股，占公司总股本比例为10.55%，本次 股份解除质押业务办理完成后，烟台中诚投资股份有限公司累计质押5500万股。 2025年1至6月份，万华化学的营业收入构成为：化学原料及化学品制造业占比98.88%，其他行业占比 0.72%，其他业务占比0.4%。 ...

公司股东烟台中诚投资股份有限公司持有万华化学股份 330,379,594 股，占公司总股本 比例 10.55%，本次股份解除质押业务办理完成后，烟台中诚投资股份有限公司累计质 押 55,000,000 股。 证券代码：600309 证券简称：万华化学 公告编号：临 2025-69 号 万华化学集团股份有限公司 关于持股 5%以上股东部分股份解除质押公告 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: 万华化学集团股份有限公司获悉公司持股 5%以上股东烟台中诚投资股份有 限公司所持有本公司的部分股份办理解除质押手续，具体情况如下表： | 股东名称 | 烟台中诚投资股份有限公司 | | --- | --- | | 本次解除质押股份数量 | 4,000,000 | | 占其所持股份比例 | 1.21% | | 占公司总股本比例 | 0.13% | | 解除质押时间 | 2025 年 12 月 24 日 | | 持股数量 | 330,379,594 | | 持股比例 | 10.55% | | 剩余被质押股份数量 | 5 ...

万华化学公告称，持股5%以上股东烟台中诚投资股份有限公司于2025年12月24日办理解除质押手续， 解除质押股份400万股，占其所持股份比例1.21%，占公司总股本比例0.13%。烟台中诚投资股份有限公 司持有公司股份330,379,594股，占公司总股本比例10.55%，本次解除质押后累计质押5500万股，占其 所持股份比例16.65%，占公司总股本比例1.76%。本次解除质押股份不用于后续质押。 ...

Core Viewpoint - Wanhua Chemical's stock has shown a positive trend with a year-to-date increase of 8.04%, and significant gains over various time frames, indicating strong market performance and investor interest [1]. Financial Performance - For the period from January to September 2025, Wanhua Chemical reported a revenue of 144.23 billion yuan, a year-on-year decrease of 2.29%, and a net profit attributable to shareholders of 9.16 billion yuan, down 17.45% compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 50.24 billion yuan, with 14.05 billion yuan distributed over the last three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders decreased by 9.49% to 243,600, while the average number of tradable shares per person increased by 10.16% to 12,850 shares [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 104 million shares, a decrease of 31.92 million shares from the previous period [3].

Group 1 - The chemical sector continues to rise, with the chemical ETF (516020) experiencing a maximum intraday increase of 1.33% before closing up 0.48% [1][10] - Key stocks in the sector include lithium battery-related companies, fluorochemicals, and phosphate chemicals, with notable performances from companies like Duofu Duo and Tianqi Materials, which surged by 9.37% and over 5% respectively [1][9] - The sub-index of the chemical ETF has shown a year-to-date increase of 34.27%, outperforming major A-share indices such as the Shanghai Composite Index (16.95%) and the CSI 300 Index (17.43%) [3][10] Group 2 - The basic chemical sector has seen significant capital inflow, with a net inflow of 14.218 billion yuan on a single day and a total of 37.722 billion yuan over the past five days, leading among 30 major industry sectors [2][11] - The lithium battery supply chain is experiencing a "warm winter" trend, driven by surging demand in energy storage and related sectors, leading to price increases across various components [4][12] - Analysts attribute the price increases in the lithium battery supply chain to unexpected growth in energy storage demand, with global energy storage installations expected to reach 150 GWh by 2025, a 50% year-on-year increase [5][13] Group 3 - The current valuation of the chemical sector is considered attractive, with the sub-index's price-to-book ratio at 2.48, which is at a relative low point historically [5][13] - Looking ahead, the chemical industry is expected to face a turning point in 2026, driven by supply-side contractions and strong policy support, potentially leading to a "Davis double play" scenario of valuation recovery and earnings growth [6][14] - The chemical ETF (516020) is recommended for investors looking to capitalize on the sector's rebound, as it tracks a comprehensive index covering various sub-sectors, with significant holdings in large-cap leading stocks [6][14]

Market Overview - The Shanghai Composite Index rose by 0.07% on December 23, with nine sectors experiencing gains, led by the power equipment and building materials sectors, which increased by 1.12% and 0.88% respectively [2] - The basic chemical industry saw a rise of 0.22% [2] - The sectors with the largest declines were social services and beauty care, which fell by 2.07% and 1.65% respectively [2] Capital Flow Analysis - The main capital outflow from the two markets totaled 44.851 billion yuan, with four sectors seeing net inflows [2] - The power equipment sector had the highest net inflow of 3.793 billion yuan, corresponding with its 1.12% increase [2] - The basic chemical sector also saw a net inflow of 1.002 billion yuan, with a daily increase of 0.22% [2] Basic Chemical Industry Performance - The basic chemical industry had 406 stocks, with 168 rising and 227 falling; seven stocks hit the daily limit up [3] - Among the stocks with net inflows, 162 saw capital inflows, with six exceeding 100 million yuan; the top inflow was for Dofluorid, which received 1.249 billion yuan [3] - Other notable inflows included Guofeng New Materials and Dongcai Technology, with inflows of 450 million yuan and 228 million yuan respectively [3] Top Gainers in Basic Chemical Industry - Dofluorid (002407) increased by 10.02% with a turnover rate of 16.22% and a main capital flow of 1.249 billion yuan [4] - Guofeng New Materials (000859) and Dongcai Technology (601208) both rose by 10.00%, with capital flows of 449.804 million yuan and 227.570 million yuan respectively [4] Top Losers in Basic Chemical Industry - Wanhua Chemical (600309) decreased by 1.31% with a capital outflow of 361.645 million yuan [5] - Guotai Group (603977) saw a significant drop of 6.65%, with a capital outflow of 249.774 million yuan [5] - Other notable losers included Jinfat Technology (600143) and Xinjing Road (000510), with declines of 2.72% and 5.80% and capital outflows of 132.271 million yuan and 111.027 million yuan respectively [5]

Industry Overview - The chemical sector showed a weekly performance ranking of 5th with a change of 2.58% from December 15 to December 19, 2025, outperforming the Shanghai Composite Index by 2.55 percentage points and the ChiNext Index by 4.83 percentage points [1] Key Insights - The chemical industry is expected to continue its differentiated trend in 2025, with a focus on synthetic biology, pesticides, chromatography media, sugar substitutes, vitamins, light hydrocarbon chemicals, COC polymers, and MDI [1] Synthetic Biology - The arrival of a pivotal moment in synthetic biology is anticipated, driven by energy structure adjustments. Traditional chemical companies will face competition based on energy consumption and carbon tax costs, with a shift towards green energy solutions and integrated advantages to reduce costs [2] - Companies like Kasei Bio and Huaheng Bio are highlighted as leaders in the synthetic biology sector [1] Refrigerants - The third-generation refrigerants are expected to enter a high prosperity cycle starting in 2024, with supply entering a "quota + continuous reduction" phase. The demand for refrigerants is projected to grow due to the development of heat pumps and the cold chain market [2] - Companies such as Juhua Co., Sanmei Co., Haohua Technology, and Yonghe Co. are positioned to benefit from this trend [2] Electronic Specialty Gases - Electronic specialty gases are critical for the electronics industry, with high technical barriers and added value. The domestic market is facing a mismatch between rapid upgrades in wafer manufacturing and insufficient high-end electronic specialty gas capacity [2] - Companies like Jinhong Gas, Huate Gas, and China Shipbuilding Gas are expected to capitalize on the domestic substitution opportunities [2] Light Hydrocarbon Chemicals - The trend towards light raw materials in the olefin industry is becoming global, with a shift from heavy naphtha to lighter low-carbon alkanes like ethane and propane. This shift is characterized by lower carbon emissions and energy consumption [3] - Satellite Chemical is recommended for investment in the light hydrocarbon chemical sector [3] COC Polymers - The industrialization of COC/COP (cyclic olefin copolymer) is accelerating in China, driven by domestic companies achieving breakthroughs and the shift of downstream industries to domestic sources [4] - Akolai is identified as a key player in the COC polymer production segment [4] Potash Fertilizers - Potash fertilizer prices are expected to rebound as the industry enters a destocking cycle, with supply constraints due to Canpotex withdrawing new quotes and Nutrien announcing production cuts [5] - Companies like Yara International, Salt Lake Potash, and Cangge Mining are noted as leading firms in the potash sector [5] MDI Market - The MDI market is characterized by oligopoly, with demand steadily increasing due to the expansion of polyurethane applications. The supply structure is expected to improve as major producers like Wanhua Chemical and BASF maintain significant market shares [6] - Wanhua Chemical is highlighted as a key company to watch in the polyurethane sector [6] Price Tracking - The top five price increases this week included SBS (4.52%), PTA (3.04%), and others, while the largest decreases were seen in nitric acid (-14.29%) and sulfur (-5.06%) [6] Supply Side Tracking - A total of 168 chemical enterprises had their production capacities affected this week, with 6 new repairs and 3 restarts reported [7]

Group 1 - The chemical sector continues to show strong performance, with the Chemical ETF (516020) experiencing a price increase of 1.6% at the close, marking four consecutive days of gains [1][8] - Key stocks in the sector include Enjie Co., which surged by 8.32%, and other significant gains from Rongsheng Petrochemical and Hengyi Petrochemical, both rising over 6% [1][8] - The basic chemical sector attracted substantial capital inflow, with a net inflow of 9.202 billion yuan on the day, ranking third among 30 sectors [11] Group 2 - Morgan Stanley raised the target price for lithium carbonate to $18,000 per ton for Q4 2026, significantly above the current spot price of approximately $13,500 per ton [4][10] - The demand for lithium is primarily driven by energy storage systems and electric commercial vehicles, with growth rates exceeding market expectations [4][10] - The current valuation of the chemical sector is considered attractive, with the Chemical ETF's index price-to-book ratio at 2.44, indicating a reasonable level historically [4][10] Group 3 - The Chemical ETF (516020) has seen a net subscription of 166 million yuan over the past five trading days, indicating strong investor interest [9] - The chemical industry is expected to enter a phase of improved dividend capacity and high potential dividend yields, as noted by Guohai Securities [12] - The "anti-involution" trend in the industry aims to enhance self-discipline among chemical companies, potentially stabilizing prices and profitability [12]