证券之星消息，近日新安股份披露，截至2025年6月30日公司股东户数为8.52万户，较3月31日减少 1224.0户，减幅为1.42%。户均持股数量由上期的1.56万股增加至1.58万股，户均持股市值为12.84万 元。 在农化制品行业个股中，新安股份股东户数高于行业平均水平，截至6月30日，农化制品行业平均股东 户数为4.35万户。户均持股市值方面，农化制品行业A股上市公司户均持股市值为24.87万元，新安股份 低于行业平均水平。 从股价来看，2025年3月31日至2025年6月30日，新安股份区间跌幅为1.54%，在此期间股东户数减少 1224.0户，减幅为1.42%。 | | | 统计截止日 区间股价涨跌幅 股东户数 增减 增减比例 户均持股市值（元） | | | 户均持股数(股) | | --- | --- | --- | --- | --- | --- | | 2025-06-30 | -1.54% | 85164 -1224 | -1.42% | 12.84万 | 1.58万 | | 2025-03-31 | -5.13% | 86388 -2834 | -3.18% | 13.01万 | 1.5 ...

从资金流向上来看，当日农化制品板块主力资金净流出7.14亿元，游资资金净流入2.24亿元，散户资金净 流入4.9亿元。农化制品板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002170 | 芭田股份 | 3218.68万 | 11.11% | -1918.17万 | -6.62% | -1300.52万 | -4.49% | | 603395 | 红四方 | 2958.29万 | 5.05% | -1423.10万 | -2.43% | -1535.19万 | -2.62% | | 600096 | 云天化 | 2551.98万 | 2.42% | 4290.50万 | 4.07% | -6842.48万 | -6.48% | | 002588 | 史丹利 | 1897.14万 | 7.21% | 1405.09万 | 5.34% | -3302.23万 | -12.55% | | 00 ...

Group 1 - The company has reported its half-year financial results and emphasized the importance of reading the full report for a comprehensive understanding of its performance and future plans [1][2] - The board of directors confirmed the accuracy and completeness of the report, stating that there are no false records or significant omissions [1][2] - The company has not proposed any profit distribution or capital increase from reserves during the reporting period [2] Group 2 - The company disclosed its main operating data for the second quarter of 2025, focusing on the production, sales, and revenue of its agricultural chemical products, including glyphosate and various selective herbicides [3][4] - The report indicates that the operating data has not been audited, and investors are advised to use the data cautiously [4] Group 3 - The company has raised approximately RMB 1.78 billion through a private placement of shares, with the funds being deposited into a designated account [7][54] - The company plans to use part of the raised funds for cash management, allowing for a maximum of RMB 200 million to be invested in safe and liquid financial products [53][58] - The company has established a management system for the raised funds, ensuring compliance with relevant regulations and protecting investor interests [9][56] Group 4 - The company has reported a total of RMB 83.93 million in asset impairment provisions for the first half of 2025, reflecting a cautious approach to its financial reporting [32][35] - The impairment provisions include RMB 16.35 million for accounts receivable and RMB 68.54 million for inventory [33][34] Group 5 - The company has initiated a valuation enhancement plan due to its stock price being below the net asset value for 12 consecutive months, aiming to improve operational quality and shareholder returns [39][42] - The plan includes strategies such as enhancing core business efficiency, maintaining stable cash dividends, and improving investor relations [42][44][45]

Core Points - The board of directors of Zhejiang Xin'an Chemical Group Co., Ltd. held its 20th meeting of the 11th session on August 20, 2025, via communication voting [1] - The meeting approved the 2025 semi-annual report and summary with a unanimous vote of 9 in favor [1] - The board also approved a special report on the storage and actual use of raised funds for the first half of 2025, also with a unanimous vote [2] Summary by Sections Meeting Details - The board meeting was conducted in accordance with the Company Law and the company's articles of association [1] Resolutions Passed - The board approved the semi-annual report for 2025, with the audit committee expressing agreement [1] - A special report on the use of raised funds was also approved, with the audit committee's agreement noted [2] - The board agreed to extend the timeline for the "Zhejiang Kaihua Synthetic Materials Co., Ltd. relocation project" to the end of March 2026, maintaining the original project parameters [2] - The board approved the use of up to RMB 200 million of temporarily idle raised funds for cash management, with specific guidelines on the types of financial products to be used [2] - A risk assessment report regarding Transfar Group Financial Co., Ltd. was approved, with certain directors abstaining from the vote [3] - The board approved a valuation enhancement plan, with unanimous support [4]

证券代码：600596 证券简称：新安股份 公告编号：2025-044 号 浙江新安化工集团股份有限公司 第十一届监事会第十二次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 浙江新安化工集团股份有限公司（以下简称"公司"）于 2025 年 8 月 20 日 以通讯表决方式召开了第十一届监事会第十二次会议，会议通知于 2025 年 8 月 符合《公司法》和《公司章程》的有关规定和要求。 二、监事会会议审议情况 表决结果：同意 3 票、反对 0 票、弃权 0 票。 监事会对公司 2025 年半年度报告进行了认真严格的审核，提出如下审核意 见： 内部管理制度的各项规定； 项规定，所包含的信息从各个方面真实、完整地反映出公司报告期的经营管理和 财务状况等事项； 员有违反保密规定的行为。 表决结果：同意 3 票、反对 0 票、弃权 0 票。 表决结果：同意 3 票、反对 0 票、弃权 0 票。 监事会对该议案发表了同意的书面审核意见。 表决结果：同意 3 票、反对 0 票、弃权 0 票。 监 ...

Core Viewpoint - The company plans to utilize part of its temporarily idle raised funds for cash management to enhance fund efficiency while ensuring the safety of the funds and not affecting ongoing projects [1][4][6]. Fundraising Overview - The company raised approximately RMB 1.8 billion through the issuance of 203,850,509 shares at a price of RMB 8.83 per share, with net proceeds after fees amounting to RMB 1,781,788,814.78 [2][3]. - The funds are stored in dedicated accounts, with a total balance of RMB 26,400.42 million as of June 30, 2025 [3]. Fund Usage and Idle Reasons - The primary project funded by the raised capital is the relocation and upgrading of Zhejiang Kaihua Synthetic Materials Co., with a total investment of RMB 227,304.66 million and an intended allocation of RMB 180,000.00 million from the raised funds [2][3]. - The project is expected to reach operational status by the end of March 2026, leading to a temporary idle status of some funds [3][4]. Cash Management Details - The company intends to use up to RMB 200 million of the temporarily idle funds for cash management, with a maximum daily balance included, from the board's approval date until March 31, 2026 [4][5]. - The cash management products will include safe and liquid principal-protected financial products, such as structured deposits and time deposits, and will not be used for pledging or securities investment [4][5]. Decision-Making Process - The board and supervisory committee have approved the cash management plan, confirming it will not affect the normal operation of the company or the implementation of fundraising projects [6][7]. - The company will ensure compliance with relevant regulations and maintain transparency in its cash management activities [6][7].

证券代码：600596 证券简称：新安股份 公告编号：2025-046 号 浙江新安化工集团股份有限公司 关于部分募投项目延期的公告 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。 重要内容提示： ? 浙江新安化工集团股份有限公司（以下简称"公司"）于 2025 年 8 月 20 日召开第十一届董事会第二十次会议、第十一届监事会第十二次会议，审议通过 了《关于部分募集资金投资项目延期的议案》，同意公司对"浙江开化合成材料 有限公司搬迁入园提升项目"整体达到预定可使用状态日期由原计划的 2025 年 实施主体。保荐人中信证券股份有限公司对本事项出具了同意的核查意见。该事 项审批权限在董事会权限范围内，无需提交股东会审议。 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意浙江新安化工集团股份有限公司向 特定对象发行股票注册的批复》（证监许可〔2023〕1342 号），公司采用网下向 配售对象询价配售方式，向特定对象发行人民币普通股 203,850,509 股，发行价 为每股人民币 8.83 元，共计募集资金 1,7 ...

中信证券股份有限公司 关于浙江新安化工集团股份有限公司 部分募投项目延期的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为浙江新 安化工集团股份有限公司（以下简称"新安股份"或"公司"）向特定对象发行 股份的保荐人，根据《证券发行上市保荐业务管理办法》《上市公司募集资金监 管规则》《上海证券交易所股票上市规则》和《上海证券交易所上市公司自律监 管指引第 1 号——规范运作》等有关规定，对新安股份本次部分募投项目延期的 事项进行了审慎核查，并出具核查意见如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意浙江新安化工集团股份有限公司向 特定对象发行股票注册的批复》 （证监许可〔2023〕1342 号），公司采用网下向配 售对象询价配售方式，向特定对象发行人民币普通股 203,850,509 股，发行价为 每股人民币 8.83 元，共计募集资金 1,799,999,994.47 元，扣除承销和保荐费用 入公司募集资金监管账户。另减除审计及验资费用、律师费用、股权登记费等与 发行权益性证券直接相关的新增外部费用 2,173,443.88 元后，公司本次募集资金 净额为 1,781 ...

Core Viewpoint - The company intends to utilize part of the temporarily idle raised funds for cash management to enhance the efficiency of fund usage while ensuring the safety of the funds and not affecting the normal operation of the fundraising projects [1][3][8] Fundraising Overview - The company raised a total of approximately RMB 1.8 billion (1,799,999,994.47) through the issuance of 203,850,509 shares at a price of RMB 8.83 per share, after deducting related expenses [1] - The net amount of raised funds after deducting external costs was RMB 1,781,788,814.78 [1] Fund Usage and Idle Reasons - The company has established five special accounts for the raised funds, with a total balance of RMB 26,400.42 million as of the date of the report [2] - The main project funded by these raised funds, the Zhejiang Kaihua Synthetic Materials Co., Ltd. relocation project, is expected to reach its usable state by the end of March 2026 due to its complexity, resulting in some funds being temporarily idle [3][4] Cash Management Details - The company plans to use up to RMB 200 million of the temporarily idle funds for cash management, with a maximum daily balance included, from the date of board approval until March 31, 2026 [4] - The cash management will involve safe, liquid, and principal-protected financial products, such as structured deposits and time deposits, and will not be used for pledging or securities investment [3][4] Impact on Daily Operations - The cash management initiative will not affect the normal operation of the company or the implementation of fundraising projects, and it aims to improve the efficiency of fund usage and increase returns for the company and its shareholders [4][7][8] Approval Process - The board of directors and the supervisory board have approved the cash management plan, confirming that it complies with relevant regulations and does not change the purpose of the raised funds [6][8]

Investment Rating - The report maintains a "Positive" investment rating for the industry [12] Core Insights - The cooling methods for data centers are transitioning from air cooling to liquid cooling due to the increasing power consumption of chips and single cabinets. Liquid cooling technologies offer significant advantages such as higher cooling efficiency, lower energy consumption, and reduced total cost of ownership (TCO) [6][19] - The report highlights the growth of liquid cooling solutions, particularly single-phase cold plate cooling, which currently accounts for over 90% of liquid cooling applications in data centers. The technology is maturing, and small-scale commercial applications are being promoted [6][19] - The report suggests that various cooling media will emerge as opportunities in the liquid cooling market, with a focus on companies involved in the production of these cooling liquids [10][52] Summary by Sections Data Center Cooling Transition - The report discusses the shift to liquid cooling as a response to the rising power density of chips, particularly in AI servers, which are pushing the limits of traditional air cooling methods. The maximum power density for traditional air-cooled cabinets is around 20 kW, while future designs may reach up to 600 kW [7][25][29] Cooling Media Opportunities - Different cooling media are being explored for single-phase and two-phase cooling solutions. For single-phase cooling, common media include ethylene glycol solutions and propylene glycol solutions, while two-phase solutions primarily use refrigerants and low-boiling point fluids [8][41] - The report emphasizes the need for cooling liquids that meet specific technical requirements, such as excellent insulation properties, low surface tension, and high thermal conductivity [9][42] Investment Recommendations - The report recommends focusing on companies involved in the liquid cooling media industry, including: - Juhua Co., Ltd. (fluorinated liquids + refrigerants) - Sinoma Science & Technology (fluorinated liquids) - Yonghe Technology (fluorinated liquids + refrigerants) - Haohua Technology (fluorinated liquids + refrigerants) - Sanmei Co., Ltd. (refrigerants) - Xin'an Chemical (silicone oil) - Xingfa Group (silicone oil) [10][52]