Group 1 - The core viewpoint indicates that the chemical industry is experiencing mixed performance, with some products seeing price increases while others decline, influenced by external factors such as the Federal Reserve's interest rate cuts and geopolitical tensions [1][2] - Key products with significant price increases this week include synthetic ammonia (up 8.58%), lithium battery electrolyte (up 5.71%), and aniline (up 3.90%), while natural gas saw a notable decline of 7.90% [1][2] - The overall chemical industry remains weak, with varying performance across sub-sectors, largely due to past capacity expansions and weak demand, although some sectors like lubricants are performing better than expected [2] Group 2 - Investment opportunities are suggested in areas such as glyphosate, fertilizers, import substitution, domestic demand, and high-dividend assets [2] - Specific recommendations include focusing on the glyphosate sector, which is showing signs of recovery, and selecting companies with strong competitive positions and growth potential, such as Ruifeng New Materials and Baofeng Energy [2] - The report emphasizes the importance of domestic demand in the chemical industry, particularly for nitrogen and phosphate fertilizers, with companies like Hualu Hengsheng and China Heartlink Fertilizer being highlighted for their robust market positions [2]

Core Insights - The glyphosate concept sector saw an increase of 0.94%, ranking third among concept sectors, with 13 stocks rising, including Li Er Chemical, Jiangshan Co., and Yangnong Chemical, which rose by 6.17%, 2.70%, and 2.10% respectively [1] - The sector experienced a net inflow of 0.20 billion yuan from main funds, with Li Er Chemical leading the inflow at 13.30 million yuan [1] Market Performance - The top-performing concept sectors included soybeans at 1.02%, and the glyphosate sector at 0.94%, while sectors like Tonghuashun Fruit Index and AI PC saw declines of -4.09% and -4.01% respectively [1] - The main funds' net inflow rates for Jiangtian Chemical, Hebang Biological, and Ando Mai A were 10.43%, 6.41%, and 3.60% respectively [2] Stock Performance - Li Er Chemical led the glyphosate sector with a daily increase of 6.17% and a turnover rate of 5.86%, with a net inflow of 13.30 million yuan [2] - Jiangtian Chemical and Hebang Biological also showed positive performance with increases of 0.67% and 0.00% respectively, and significant net inflows of 7.54 million yuan and 10.25 million yuan [2][3] - Stocks such as Nuobing and Taihe Co. experienced declines of -0.85% and -0.58% respectively, indicating some volatility within the sector [3]

提及公司上半年市场营销策略，江山股份董事兼总经理孟长春表示，他们确立"销售第一"的核心导向， 激励销售团队全力开拓市场、提升份额。同时，该公司还加强与跨国公司的业务对接合作，以此增强品 牌影响力。 江山股份董事长王利表示："2025年上半年，我们依托技术、渠道及配套等优势积极开拓市场。一方 面，通过坚持精准营销策略，创新营销策略和模式，销售收入同比实现增长;另一方面，在降本增效领 域成效显著，不仅优化采购管理体系以达成显著降本，还持续推进技术革新，借助工艺优化与资源循环 利用，提升资源转化效率，实现原料与能源的降耗降本。" 中化新网讯 近日，南通江山农药化工股份有限公司(以下简称江山股份)召开半年度业绩说明会，上半年 实现营业收入33.59亿元，同比增长6.07%;归属于上市公司股东的净利润3.38亿元，同比增长98.18%。 ...

Core Insights - Jiangshan Co., Ltd. through its subsidiary Guizhou Wengfu Jiangshan Chemical Co., Ltd. has announced a public tender for a project related to the procurement of evaporators and heat exchangers for a chlor-alkali by-product hydrogen peroxide project, with a budget of 10 million yuan [1] Company Summary - Guizhou Wengfu Jiangshan Chemical Co., Ltd. is a subsidiary of Jiangshan Co., Ltd., holding a 35% stake in the company [1]

公司已于 2025 年 9 月 18 日完成了工商变更登记，取得了南通市数据局换发 的《营业执照》，本次《营业执照》变更仅涉及增加经营范围，其他登记信息未 变，换发后的《营业执照》所载经营范围为：化学农药、有机化学品、无机化学 品、高分子聚合物、纳米材料、耐火绝热产品制造、加工、销售（国家有专项规 定的办理审批手续后经营）。经营本企业自产产品及相关技术的出口业务；经营 本企业生产、科研所需的原辅材料、机械设备、仪器仪表、零配件及相关技术的 进口业务；经营本企业的进料加工和"三来一补"业务。化学技术咨询服务。工 业盐的零售。在港区内从事货物装卸、仓储经营。（依法须经批准的项目，经相 关部门批准后方可开展经营活动） 一般项目：船舶港口服务；非居住房地产租赁；煤炭及制品销售（除依法须 经批准的项目外，凭营业执照依法自主开展经营活动） 特此公告。 南通江山农药化工股份有限公司董事会 2025 年 9 月 19 日 证券代码：600389 证券简称：江山股份 公告编号：临 2025—050 南通江山农药化工股份有限公司 关于完成工商变更登记的公告 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 ...

Core Viewpoint - The continuous expansion of crop planting area in China is driving the growth of the herbicide market, with increasing demand for long-lasting herbicides in non-agricultural sectors such as railways and industrial parks, leading companies to develop environmentally friendly formulations with a duration of over six months [1][9]. Summary by Sections Overview - The herbicide market is defined under the revised "Pesticide Management Regulations" by the State Council, which categorizes herbicides as substances used to suppress or kill weeds, thereby protecting crops [2]. - There are over 300 types of herbicides, classified into thirteen categories based on their chemical structure [2]. Industry Chain - The upstream of the herbicide industry includes suppliers of petrochemical raw materials, inorganic chemicals, and production equipment, while the midstream consists of glyphosate processing enterprises, and the downstream primarily serves agricultural and non-agricultural weed control markets [7][8]. Current Development - The total production of agricultural raw materials in China is projected to reach 3.3126 million tons in 2024, with herbicides accounting for 1.2719 million tons, representing 38.40% of the total [1][9]. - The demand for herbicides is expected to grow due to the continuous increase in crop planting area, which reached 173 million hectares in 2024, with various crops showing positive growth rates [8]. Import and Export Trade - In 2024, China's herbicide exports are expected to reach 2.1244 million tons, generating an export revenue of approximately $5.085 billion, with retail packaging accounting for 57.21% of the exports [10]. Competitive Landscape - The herbicide market in China is characterized by the coexistence of domestic and foreign companies, with leading firms like Bayer, Syngenta, and BASF holding significant market shares, while domestic companies such as Adama, Xingfa Group, and New Hope Group have also enhanced their market competitiveness [11]. Key Companies - Adama's revenue in 2024 is projected to exceed 29.49 billion yuan, with herbicide sales contributing 39.77% of its total revenue [11]. - New Hope Group is expected to achieve a revenue of 14.67 billion yuan in 2024, with a gross profit margin of 11.07% [12]. Future Trends - The future of the herbicide industry may see the integration of drone technology for real-time weed monitoring and targeted application, as well as a shift towards a closed-loop ecosystem that encompasses research, production, service, and recycling [13].

证券代码：600389 证券简称：江山股份 公告编号：临 2025-049 南通江山农药化工股份有限公司 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： (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 | 340 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 185,705,154 | | 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 | 43.1220 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次股东会由公司董事会召集，现场会议由董事长王利先生主持，会议采用 现场投票与网络投票相结合的表决方式，大会的通知、召开、表决方式符合《公 司法》及《公司章程》的规定。 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 09 月 11 日 (二)股东会召开的地点：南通江 ...

北京炜㶖喕上海喖律师事务所 关于南䕏江山农㢤化工㗖份有䮅公司 2025 年ち三次临时㗖东会的法律意㻶书 㜩喧南䕏江山农㢤化工㗖份有䮅公司 北京炜㶖喕上海喖律师事务所喕以下サ称"本所"喖接受南䕏江山农㢤化工㗖 份有䮅公司喕以下サ称"公司"喖的委托喙就公司召开的 2025 年ち三次临时㗖东会 喕以下サ称"本次㗖东会"喖的有关事宜喙根据《中华人民共和国䃶券法》喕以下 サ称"《䃶券法》"喖、《中华人民共和国公司法》喕以下サ称"《公司法》"喖、 《上市公司㗖东会㻹则》ま法律、法㻹、㻹章及㻹㠸性文件以及《南䕏江山农㢤化 工㗖份有䮅公司章程》喕以下サ称"《公司章程》"喖的㻹定喙出具本法律意㻶书。 为出具本法律意㻶书喙本所及本所律师依据《律师事务所从事䃶券法律业务ブ 理办法》和《律师事务所䃶券法律业务执业㻹则喕䄊㶁喖》ま㻹定喙严格履㶁了法 定㖁䉘喙䖪循了勤勉尽䉘和䄏实信用原则喙对本次㗖东会所涉及的相关事䶮䔐㶁了 必㺶的核查和俁䃶喙核查了本所䃙为出具本法律意㻶书所䰵的相关文件、䉹料喙并 参加了公司本次㗖东会的全䓼程。 本所保䃶本法律意㻶书所䃙定的事实真实、准确、完整喙所发㶝的㐈䃯性意㻶 合法、准确喙不存在㮏假䃥䒲、䄤导性䭽䔥或 ...

Market Overview - The agricultural chemical sector experienced a decline of 1.45% on September 10, with Limin Co. leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Individual Stock Performance - Yingtai Biological (code: 920819) saw a closing price of 4.61, with an increase of 2.90% and a trading volume of 227,900 shares, totaling a transaction value of 104 million yuan [1] - Hongda Co. (code: 600331) closed at 11.27, up 2.55%, with a trading volume of 551,600 shares and a transaction value of 616 million yuan [1] - Limin Co. (code: 002734) closed at 19.88, down 3.68%, with a trading volume of 306,700 shares and a transaction value of 616 million yuan [2] - Yanhai Co. (code: 000792) closed at 66.61, down 3.48%, with a trading volume of 1,045,600 shares and a transaction value of 2.094 billion yuan [2] Capital Flow Analysis - The agricultural chemical sector experienced a net outflow of 556 million yuan from main funds, while retail funds saw a net inflow of 342 million yuan [2] - Main funds showed a net inflow in stocks like Hubei Yihua (code: 000422) with 34.34 million yuan, while it faced outflows in stocks like Hongda Co. with a net outflow of 25.20 million yuan [3]

周智硕累计任职时间4年357天，现任基金资产总规模128.67亿元，任职期间最佳基金回报47.06%， 任 职期间最差基金回报-24.96%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 数据显示，广发基金旗下1只基金位居江山股份十大流通股东。广发稳健增长混合A（270002）二季度 新进十大流通股东，持有股数620万股，占流通股的比例为1.44%。根据测算，今日浮盈赚取约799.8万 元。 广发稳健增长混合A（270002）成立日期2004年7月26日，最新规模108.93亿。今年以来收益8.87%，同 类排名5823/8248；近一年收益12.91%，同类排名6479/8051；成立以来收益1154.27%。 广发稳健增长混合A（270002）基金经理为傅友兴、周智硕。 截至发稿，傅友兴累计任职时间12年219天，现任基金资产总规模113.94亿元，任职期间最佳基金回报 125.8%， 任职期间最差基金回报-13.8%。 9月8日，江山股份涨5.14%，截至发稿， ...