（文章来源：证券日报） 证券日报网讯 2月4日，昊华科技发布公告称，公司于2026年2月2日召开职工代表大会，同意选举肖昱 先生为公司第九届董事会职工代表董事，任期与公司第九届董事会任期一致。 ...

证券代码：600378 证券简称：昊华科技 公告编号：临 2026-009 昊华化工科技集团股份有限公司 关于选举公司第九届董事会职工代表董事 的公告 昊华化工科技集团股份有限公司 董事会 2026 年 2 月 5 日 附件：昊华化工科技集团股份有限公司第九届董事会职工代表董事简 历 肖昱，男，1987 年 8 月出生，汉族，中共党员，英国伍尔弗汉 普顿大学人力资源管理专业硕士学位，政工师。历任中国中化集团有 限公司办公厅秘书部副总经理，中国中化控股有限责任公司办公室 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。 根据《中华人民共和国公司法》（以下简称"《公司法》"）《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》等法律法 规、规范性文件及《昊华化工科技集团股份有限公司章程》等相关规 定，昊华化工科技集团股份有限公司（以下简称"公司"或"昊华科技"） 于 2026 年 2 月 2 日召开职工代表大会，经与会职工代表审议，同意 选举肖昱先生（简历附后）为公司第九届董事会职工代表董事，任期 与公司第九届董事会任期一 ...

北京市通商律师事务所 关于昊华化工科技集团股份有限公司 2026 年第一次临时股东会的 法律意见书 二〇二六年二月 中国北京市建国门外大街 1 号国贸写字楼 2 座 12-15 层 100004 12-15th Floor, China World Office 2, No.1 Jianguomenwai Avenue, Beijing 100004, China 电话 Tel: +86 10 6563 7181 传真 Fax: +86 10 6569 3838 电邮 Email: beijing@tongshang.com 网址 Web: www.tongshang.com 北京市通商律师事务所 关于昊华化工科技集团股份有限公司 2026 年第一次临时股东会的 法律意见书 致：昊华化工科技集团股份有限公司 十九次会议审议通过了《关于审议召开公司 2026 年第一次临时股东会的议案》， 并于 2026 年 1 月 20 日将本次股东会的召开时间、地点、审议议题、会议登记等 事项进行了公告，会议通知刊登在《中国证券报》《上海证券报》《证券时报》 及上海证券交易所网站上告知全体股东。 本次股东会表决方式采取现场投 ...

证券代码：600378 证券简称：昊华科技 公告编号：临 2026-008 昊华化工科技集团股份有限公司 2026年第一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 二、 议案审议情况 (一) 非累积投票议案 1、 议案名称：关于审议确定公司第九届董事会独立董事津贴标准的议案 | 1、出席会议的股东和代理人人数 | 240 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 978,062,806 | | 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（%） | 75.8188 | (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。 昊华化工科技集团股份有限公司（以下简称"公司"或"昊华科技"）召开 (一) 股东会召开的时间：2026 年 2 月 4 日 (二) 股东会召开的地点：北京市朝阳区小营路 19 号财富嘉园 A 座昊华大厦 19 层会议 ...

证券代码：600378 证券简称：昊华科技 公告编号：临 2026-010 昊华化工科技集团股份有限公司 第九届董事会第一次会议决议公告 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。 昊华化工科技集团股份有限公司（以下简称"公司"或"昊华科 技"）第九届董事会第一次会议于 2026 年 2 月 4 日在北京市朝阳区 小营路 19 号财富嘉园 A 座昊华大厦 19 层会议室召开，全体董事一 致同意豁免本次董事会会议通知期限要求，会议通知等材料于 2026 年 2 月 4 日股东会后以书面的方式发送给公司董事、高级管理人员候 选人。会议应出席董事 9 名，实际出席董事 9 名，共收回有效表决票 9 份。全体董事共同推举王军先生主持会议，公司高级管理人员候选 人等列席会议。会议的召开符合相关法律、行政法规、部门规章、规 范性文件和《公司章程》的规定。 会议审议并通过如下议案： 一、关于审议选举王军先生为公司第九届董事会董事长的议案 公司董事会同意选举王军先生为公司第九届董事会董事长，任期 自公司董事会选举通过之日起至公司第九届董事 ...

Industry Overview - The Chinese tetrafluoromethane (CF₄) industry is currently undergoing a phase of technological upgrades and market expansion, with a projected market size of approximately 2.079 billion yuan in 2024, representing a year-on-year growth of 7.44% [1][7] - The domestic low-temperature distillation-adsorption coupling process is maturing, improving the first-pass yield of 6N-grade products and narrowing the technology gap with international giants to a single purity level, laying a solid foundation for domestic substitution [1][7] - The demand for high-purity CF₄ is rapidly increasing due to the continuous expansion of downstream emerging industries such as semiconductors, photovoltaics, and panels [1][7] Industry Chain - The upstream of the CF₄ industry chain includes raw materials such as hydrofluoric acid, methanol, fluorine gas, carbon sources, and electricity, as well as production equipment like fluorocarbon reactors and distillation towers [4] - The midstream involves the production and manufacturing of CF₄, while the downstream applications are primarily in semiconductor, flat panel display, photovoltaic, and optical fiber manufacturing processes [4] Market Dynamics - The price of hydrofluoric acid, a core raw material for CF₄ production, is expected to reach 11,873 yuan per ton by the end of 2025, reflecting an increase of 8.87% year-on-year, driven by tightening supply and mining policies [5] - The production capacity of integrated circuits in China is projected to reach approximately 484.3 billion pieces by 2025, with a year-on-year growth of 7.28%, which will drive the demand for electronic-grade CF₄ in etching and wafer cleaning processes [7] Key Enterprises - The competitive landscape of the CF₄ industry is characterized by a concentration of leading firms driven by technology, with companies like Kemet, Fujian Del Technology, and Huate Gas rapidly emerging [8] - Huate Gas, established in 1999, has achieved high-purity CF₄ mass production and has been certified by major semiconductor clients, covering top global semiconductor companies [9] - Fujian Yongjing Technology, founded in 2007, focuses on fluorochemical production and has a capacity of 600 tons/year, utilizing advanced purification technologies [10] Future Trends - The growth of the CF₄ industry is primarily driven by the semiconductor and photovoltaic sectors, with increasing purity requirements pushing CF₄ products from mainstream 5N (99.999%) to 6N and beyond [12] - The competition in the industry is shifting towards a concentration of leading firms, with a focus on technological and capital advantages, as smaller firms face significant survival challenges [13] - Environmental regulations are expected to drive technological innovations in the industry, with a focus on green production processes and the development of efficient end-of-pipe treatment and recycling technologies [14]

Core Viewpoint - The fluorochemical index experienced a decline of 4.98% during the week of January 26 to January 30, underperforming compared to the Shanghai Composite Index and other benchmarks [1][2]. Market Overview - The fluorochemical index closed at 5062.85 points, down 4.98%, lagging behind the Shanghai Composite Index by 4.54%, the CSI 300 Index by 5.06%, and the basic chemical index by 4.08%, while outperforming the new materials index by 0.31% [1][2]. Fluorochemical Prices - Fluorspar prices stabilized, with the market average for wet flourspar at 3,314 CNY/ton as of January 30, reflecting a slight increase of 0.15% week-on-week, but a year-on-year decrease of 9.61% [3]. - The average price for January 2026 was 3,310 CNY/ton, down 4.92% from 2025 [3]. Refrigerant Prices - As of January 30, prices for various refrigerants remained stable week-on-week, including: - R32: 63,000 CNY/ton (domestic), 61,200 CNY/ton (export) - R125: 50,000 CNY/ton (domestic), 45,000 CNY/ton (export) - R134a: 58,000 CNY/ton (domestic), 56,000 CNY/ton (export) - R143a: 40,000 CNY/ton (domestic), 20,000 CNY/ton (export) - R227: 55,000 CNY/ton (domestic), 50,000 CNY/ton (export) - R152a: 27,000 CNY/ton (both domestic and export) - R410a: 55,500 CNY/ton (domestic), 54,000 CNY/ton (export) - R404: 46,000 CNY/ton (domestic), 35,000 CNY/ton (export) - R507: 46,000 CNY/ton (domestic), 35,000 CNY/ton (export) - R22: 17,500 CNY/ton (domestic), 14,500 CNY/ton (export) [3]. Market Demand and Outlook - The refrigerant market is entering a demand off-season, with exports gradually resuming post-holiday. However, delays in export license processing are hindering full recovery. The demand from A5 countries for high GWP refrigerants is expected to increase, potentially boosting exports and domestic market activity [4]. - Overall, with low inventory and constrained supply, the upcoming demand recovery, especially during peak seasons, is anticipated to provide sufficient upward momentum for refrigerant prices [4]. Company Performance Forecasts - Companies such as Juhua Co., Ltd. (600160) and Haohua Technology (600378) are expected to see significant profit increases in 2025, with Juhua projected to achieve a net profit of 3.54 to 3.94 billion CNY (up 80% to 101% year-on-year) and Haohua expected to reach 1.38 to 1.48 billion CNY (up 30.96% to 40.44%) [4]. - Other companies like Luxi Chemical (000830) and ST Lianchuang (300343) also forecast substantial profit growth for 2025 [4]. Beneficiary Stocks - Recommended stocks benefiting from the fluorochemical market include Jinshi Resources, Juhua Co., Ltd., Sanmei Co., Ltd. (603379), and Haohua Technology, among others [6].

Investment Rating - The investment rating for the chemical raw materials industry is "Positive" (maintained) [1] Core Insights - The fluorochemical industry is experiencing a stable pricing environment for third-generation refrigerants, with potential for a new round of price increases. Companies like Juhua Co., Ltd. and Haohua Technology have announced profit increases for 2025 [4][19] - The industry is entering a long-term prosperity cycle, with significant growth potential across the entire fluorochemical value chain, from raw materials like fluorite to high-end fluorinated materials and fine chemicals [25] Summary by Sections 1. Fluorochemical Market Overview - Fluorite prices have stabilized and are expected to gradually recover, with the average market price for 97% wet fluorite at 3,314 CNY/ton as of January 30, 2026, reflecting a 0.15% increase from the previous week [19][20] - The fluorochemical index decreased by 4.98% during the week of January 26 to January 30, 2026, underperforming compared to the Shanghai Composite Index by 4.54% [6][38] 2. Refrigerant Pricing Trends - As of January 30, 2026, the prices for various refrigerants are as follows: R32 at 63,000 CNY/ton, R125 at 50,000 CNY/ton, R134a at 58,000 CNY/ton, and R410a at 55,500 CNY/ton, all remaining stable compared to the previous week [21][22] - The market for refrigerants is entering a demand off-season, but there is potential for price increases as domestic demand is expected to rise with the upcoming peak season [23][24] 3. Company Performance and Announcements - Juhua Co., Ltd. expects a net profit of 3.54 to 3.94 billion CNY for 2025, representing a year-on-year increase of 80% to 101%. Haohua Technology anticipates a net profit of 1.38 to 1.48 billion CNY, a growth of 30.96% to 40.44% [10] - Other companies such as Luxi Chemical and ST Lianchuang also forecast significant profit increases for 2025, indicating a positive outlook for the industry [10] 4. Recommended Stocks - Recommended stocks include Jinshi Resources, Juhua Co., Ltd., Sanmei Co., Ltd., and Haohua Technology, with other beneficiaries being Dongyangguang, Yonghe Co., Ltd., Dongyue Group, and Xinzhou Bang [11][25]

Investment Rating - The investment rating for the chemical raw materials industry is "Positive" (maintained) [1] Core Views - The fluorochemical industry is experiencing a stable price trend for the third-generation refrigerants, with a potential new round of price increases on the horizon. Companies such as Juhua Co., Ltd. and Aohua Technology have announced profit increases for 2025 [4][19] - The industry is entering a long-term prosperity cycle, with significant growth potential across the entire fluorochemical value chain, from raw materials like fluorite to high-end fluorinated materials and fine chemicals [25] Summary by Sections Industry Overview - The fluorite price has stabilized and is expected to gradually recover, with the average market price for 97% wet fluorite at 3,314 CNY/ton as of January 30, 2026, reflecting a 0.15% increase from the previous week [19][20] - The fluorochemical index decreased by 4.98% during the week of January 26 to January 30, 2026, underperforming compared to the Shanghai Composite Index by 4.54% [6][38] Refrigerant Market - As of January 30, 2026, the prices for various refrigerants remained stable, with R32 at 63,000 CNY/ton, R125 at 50,000 CNY/ton, and R134a at 58,000 CNY/ton [21][22] - The refrigerant market is entering a demand off-season, but there is potential for price adjustments as domestic demand increases, especially with low inventory levels and supply constraints [9][24] Company Announcements - Juhua Co., Ltd. expects a net profit of 3.54 to 3.94 billion CNY for 2025, representing a year-on-year increase of 80% to 101%. Aohua Technology anticipates a net profit of 1.38 to 1.48 billion CNY, a growth of 30.96% to 40.44% [10] - Other companies such as Luxi Chemical and ST Lianchuang also forecast significant profit increases for 2025 [10] Recommended Stocks - Recommended stocks include Jinshi Resources, Juhua Co., Ltd., Sanmei Co., Ltd., and Aohua Technology, with other beneficiaries being Dongyangguang, Yonghe Co., Ltd., Dongyue Group, and Xinzhou Bang [11][25]

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].