| 证券代码：600500 | 证券简称：中化国际 | 编号：2025-041 | | --- | --- | --- | | 债券代码：138949 | 债券简称：23中化K1 | | | 债券代码：241598 | 债券简称：24中化K1 | | 中化国际（控股）股份有限公司 第十届董事会第七次会议决议公告 中化国际（控股）股份有限公司（以下简称"公司"、"上市公司"）第十届 董事会第七次会议于 2025 年 7 月 27 日以通讯表决的方式召开。会议应到董事 7 名，实到董事 7 名，出席会议董事超过全体董事的半数。会议符合《公司法》 《公司章程》及《董事会议事规则》的有关规定。经认真讨论，会议审议通过 以下决议： 一、同意《关于公司发行股份购买资产暨关联交易符合相关法律法规的议 案》 根据《公司法》《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司重大资产重组管理办法》（以下简称"《重组管理办法》"）、 《上市公司监管指引第9号——上市公司筹划和实施重大资产重组的监管要求》 （以下简称"《监管指引第9号》"）等法律、法规及规范性文件的相关规定， 经对公司实际情况及相关事项进行认真自查论证 ...

关于发行股份购买资产暨关联交易事项的 证券代码：600500 证券简称：中化国际 公告编号：2025-043 中化国际(控股)股份有限公司 因本次交易尚存在不确定性，为保证公平信息披露，维护投资者利益，避免 造成公司股价异常波动，根据有关规定，经公司向上海证券交易所申请，公司股 票（证券品种：A 股股票，证券简称：中化国际，证券代码：600500）于 2025 年 7 月 16 日（星期三）开市起停牌，预计停牌时间不超过 10 个交易日。具体内容详 见公司于 2025 年 7 月 16 日披露的《中化国际（控股）股份有限公司关于筹划发 行股份购买资产事项的停牌公告》（公告编号：2025-039）。 停牌期间，公司根据相关法律法规履行了信息披露义务，具体内容详见公司 一般风险提示暨公司股票复牌的提示性公告 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： 证券停复牌情况：适用 因筹划发行股份购买资产事项,本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | | 停牌起始日 | 停牌 期间 ...

中化国际(600500.SH)公告称，公司拟通过发行股份方式购买中国蓝星（集团）股份有限公司下属全资 子公司南通星辰合成材料有限公司100%股权。公司股票将于2025年7月29日开市起 复牌。本次交易尚 需再次提交公司董事会及股东大会审议批准，并需经有权监管机构批准后方可正式实施，能否通过审批 和实施尚存在不确定性。 ...

Core Viewpoint - China National Chemical Corporation International (中化国际) is planning to acquire 100% equity of Nantong Xingchen Synthetic Materials Co., Ltd. (南通星辰) as part of its asset restructuring efforts amid ongoing financial losses [2][3]. Group 1: Acquisition Details - The acquisition involves issuing shares to purchase Nantong Xingchen, a wholly-owned subsidiary of China BlueStar (Group) Co., Ltd. [3] - The transaction is expected to be classified as a related party transaction but will not constitute a major asset restructuring or change in actual control of the company [3]. - Nantong Xingchen specializes in manufacturing and developing chemical new materials, including PBT, PPE, and epoxy resins, with a total production capacity exceeding 400,000 tons [4]. Group 2: Financial Performance - The company has reported continuous losses, with projected net losses of 18.48 billion yuan and 28.37 billion yuan for 2023 and 2024, respectively, totaling 46.85 billion yuan over two years [2][7]. - For the first half of 2025, the expected net loss is between 8.07 billion yuan and 9.49 billion yuan, attributed to a sluggish industry environment and low chemical product prices [7][8]. - The company's revenue has declined significantly, with a 37.94% drop in 2023 and a further 2.48% decline in 2024 [7]. Group 3: Industry Context - The epoxy resin market has been experiencing low price levels due to oversupply and weak demand, with expectations of a slight recovery in 2025 driven by wind energy demand [9]. - The domestic market for PPE is particularly noteworthy, as it has historically relied on imports, especially for electronic-grade products used in advanced technologies like 5G and AI servers [6].

Summary of Key Points Core Insights - The report highlights significant stock suspensions for various companies due to major asset restructuring and control changes, indicating potential volatility in the market [2][3][4]. Company-Specific Summaries - **Invesco Great Wall S&P Consumer Select ETF (QDII)**: The ETF will be suspended from trading on July 24, 2025, until 10:30 AM to protect investor interests [2]. - **Hui Green Ecology (001267)**: The stock is suspended due to planning for a major asset restructuring, effective from July 22, 2025 [2]. - **Jiangte Electric (002176)**: The stock is suspended due to a planned change in company control, effective from July 22, 2025 [2]. - **Zhonglin Group SCP Bonds (multiple series)**: Various SCP bonds from Zhonglin Group will be suspended starting November 21, 2023, indicating ongoing financial adjustments [2][3][4]. Industry Insights - The report indicates a trend of companies undergoing significant restructuring, which may lead to increased market volatility and investment risks in the affected sectors [2][3][4].

截至本公告披露日，公司及有关各方正在积极推进本次交易的相关工作，相 关各方正在就本次交易方案进行沟通、协商和确定。鉴于上述事项尚存在不确定 性，为保证信息披露公平，维护投资者利益，根据上海证券交易所的相关规定， 公司股票将继续停牌。 停牌期间，公司将根据相关事项的进展情况及时履行信息披露义务。同时， 公司将严格按照法律法规、规范性文件的有关规定积极推进本次交易相关事项的 各项工作，履行必要的审议程序，尽快向上海证券交易所提交披露符合相关规定 要求的文件并申请股票复牌。 本次交易正处于筹划阶段，交易各方尚未签署正式的交易协议，且本次交易 尚需提交公司董事会、股东大会审议，并经有权监管机构批准、审核通过或同意 注册后方可正式实施，最终能否实施尚存在不确定性，有关信息均以公司指定信 息披露媒体发布的公告为准。待相关重大事项确定后，公司将及时发布相关公告 并申请公司股票复牌。敬请广大投资者理性投资，注意投资风险。 特此公告。 证券代码：600500 证券简称：中化国际 编号：2025-040 债券代码：138949 债券简称：23 中化 K1 债券代码：241598 债券简称：24 中化 K1 中化国际（控股）股份有 ...

| 证券代码：600500 | 证券简称：中化国际 | | | 编号：2025-040 | | --- | --- | --- | --- | --- | | 债券代码：138949 | 债券简称：23 | 中化 | K1 | | | 债券代码：241598 | 债券简称：24 | 中化 | K1 | | 中化国际（控股）股份有限公司 关于筹划发行股份购买资产事项的停牌进展公告 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个别及连带责任。 中化国际（控股）股份有限公司（以下简称"公司"）正在筹划发行股份购 买中国蓝星（集团）股份有限公司（以下简称"蓝星集团"）下属全资子公司南 通星辰合成材料有限公司（以下简称"南通星辰"或"交易标的"）100%股权（以 下简称"本次交易"）。 停牌期间，公司将根据相关事项的进展情况及时履行信息披露义务。同时， 公司将严格按照法律法规、规范性文件的有关规定积极推进本次交易相关事项的 各项工作，履行必要的审议程序，尽快向上海证券交易所提交披露符合相关规定 要求的文件并申请股票复牌。 本次交易正处于筹划阶段 ...

Investment Rating - The report does not explicitly state the investment rating for Sinochem International [2][3] Core Viewpoints - The company is a leading domestic epoxy resin enterprise with a fully integrated industrial chain for various chemical products, including epoxy resin, ABS, and nylon 66 [2][4] - The company plans to acquire 100% equity of Nantong Xingchen, which specializes in manufacturing and R&D of new chemical materials, enhancing its production capacity significantly [3][5] - The first half of 2025 saw the company facing losses, with net profit expected between -807 million and -949 million yuan, but operational efficiencies are beginning to show as losses from new facilities have narrowed [3][5] - Revenue from the basic raw materials and intermediates sector is projected to grow by 25-35%, while the high-performance materials sector is experiencing a decline in revenue [3][5] - The company has successfully increased production capacity for high-performance materials, breaking the monopoly of multinational companies on key raw material technologies [3][5] Summary by Sections Company Overview - Sinochem International is recognized as a leading player in the epoxy resin market, with a comprehensive product range that includes propylene, phenol, and functional fine chemicals [2][4] Acquisition Plans - The company intends to acquire Nantong Xingchen to bolster its capabilities in producing PBT, PPE, and other chemical materials, with a total production capacity exceeding 400,000 tonnes [3][5] Financial Performance - The company reported a projected net loss for the first half of 2025, but improvements in operational efficiency are noted, with a narrowing of losses from new installations [3][5] Sector Performance - The basic raw materials and intermediates sector is expected to see significant revenue growth, while the high-performance materials sector is facing challenges with declining revenues [3][5] Production Capacity - The company has enhanced its production capabilities in high-performance materials, achieving full capacity in its para-aramid production line and successfully completing expansion projects [3][5]

Group 1 - The company Chutianlong is actively exploring and promoting the implementation of digital currency bridge scenarios, but faces risks related to new technology research and development and commercial application not meeting expectations [6] - Sanwei Biological received the preliminary ruling result of the anti-dumping investigation on erythritol from the US Department of Commerce, with a 450.64% anti-dumping duty applicable to the company [6] Group 2 - Sitwei expects a year-on-year net profit increase of 140% to 180% for the first half of the year [7] - Pop Mart anticipates a profit growth of no less than 350% for the six months ending June 30, 2025, compared to the same period last year [7] - Zhongsheng High-Tech is planning a change in company control, with its stock suspended from trading starting July 16 [7] - Sinochem International intends to acquire 100% equity of Nantong Xingchen, with its stock also suspended from trading starting July 16 [7] - *ST Yazhen's stock is under suspension for verification due to abnormal trading fluctuations starting July 16 [7] - Yanshan Technology's wholly-owned subsidiary is participating in the establishment of a partnership, which will ultimately invest in Bytedance Ltd. in equity form [7] - Bertley plans to jointly establish a partnership with Jinding Private Equity, focusing on investments in unlisted companies in the field of humanoid robots [7] - *ST Weir intends to purchase 51% of Zijiang New Materials for 546 million yuan, entering the lithium battery materials industry [7] - Dahua Technology's controlling subsidiary Huairui Technology is adjusting to be listed on the Hong Kong Stock Exchange [7]

Market Overview - On July 15, A-shares experienced a rise and then a pullback, with the Shanghai Composite Index closing down 0.42% and the Shenzhen Component Index up 0.56% [1] - The market turnover reached 1.64 trillion yuan, an increase of over 150 billion yuan compared to the previous trading day [1] - More than 4,000 stocks declined, with the CPO concept stocks showing strength throughout the day, while the real estate sector saw a midday rally [1] Institutional Trading - On July 15, institutional investors net bought 5.80 billion yuan worth of stocks, with 13 stocks being net bought and 15 stocks being net sold [2] - The top net bought stocks included Zhongji Xuchuang, Xinyi Technology, and COSCO Shipping Technology, with net buying amounts accounting for 5.23%, 0.99%, and 1.57% of the day's trading volume, respectively [2] - The top net sold stocks included Dongtianwei, Laisentongling, and Pengding Holdings, with net selling amounts accounting for 5.01%, 25.42%, and 2.15% of the day's trading volume, respectively [2] Stock Performance - The stocks with the highest institutional net buying on July 15 included Zhongji Xuchuang (16.68% increase), Xinyi Technology (20.00% increase), and COSCO Shipping Technology (3.05% increase) [3] - The average increase for stocks rated as buy by institutions was 1.49%, outperforming the Shanghai Composite Index [5] - Notable stocks with significant upward potential included Shui Jing Fang, with a target price of 64 yuan, indicating a potential increase of 56.33% [5] Announcements - Sinochem International announced plans for an asset restructuring involving the acquisition of a 100% stake in Nantong Xingchen Synthetic Materials Co., Ltd., with stock suspension starting July 16 for up to 10 trading days [7] - Shengao Technology is planning to transfer 22.35% of its shares for 2.5 billion yuan, which may lead to a change in control, with stock suspension starting July 16 for up to 2 trading days [7] Earnings Forecasts - Several companies provided earnings forecasts for the first half of the year, with significant growth expected: - Sitaiwei-W anticipates a net profit of 360 million to 420 million yuan, a year-on-year increase of 140% to 180% [8] - Juxin Technology expects a net profit of 91 million yuan, a year-on-year increase of 122.28% [8] - Satellite Chemical forecasts a net profit of 2.7 billion to 3.15 billion yuan, a year-on-year increase of 31.32% to 53.20% [9]