氯碱化工公告，2025年上半年营业收入35.77亿元，同比下降8.10%。净利润4.43亿元，同比增长 21.09%。报告期内不分配不转增。 ...

Investment Rating - The report maintains an "Outperform" rating for the chemical industry [2] Core Insights - The chemical industry is expected to benefit from anti-involution policies aimed at curbing disorderly competition and eliminating outdated production capacity, which may lead to a recovery in industrial product prices and positively impact PPI and CPI [6][11][17] - The report highlights the significant influence of the energy and chemical sectors on PPI, with their price fluctuations directly affecting overall industrial inflation levels [16] - The industry is under pressure from declining product prices and reduced capacity utilization, leading to a strong demand for anti-involution measures [17] - The current valuation of the chemical industry is at a historical low, providing substantial upside potential as the sector is expected to recover from its cyclical bottom [17][19] Summary by Sections 1. Importance of Inflation Recovery - The report emphasizes that the chemical sector is a crucial lever for inflation recovery, as evidenced by the PPI's continuous decline and the need for policy intervention to combat deflationary pressures [6][11] 2. Reasons to Focus on Chemicals - The energy and chemical sectors account for 25%-30% of PPI, making their price recovery vital for overall inflation [16] - The industry faces significant profitability challenges, with nearly 25% of chemical companies reporting losses in 2024 [17] 3. Paths for Anti-Involution in Chemicals 3.1. Active Approach: Industry Self-Regulation - Certain sub-industries, such as polyester filament and sucralose, are attempting to improve profitability through supply-side collaboration, benefiting from high concentration and low profitability [27][29] - The report identifies key chemical products likely to benefit from self-regulation, including polyester filament, polyester bottle chips, and organic silicon [29][31] 3.2. Passive Approach: Policy-Driven Industry Improvement - The report outlines a dual-track policy framework focusing on optimizing existing capacity and strictly controlling new projects to enhance the competitive landscape [27][31] - Historical experiences suggest that effective policy measures will include phasing out outdated facilities and enforcing stricter environmental regulations [27][31]

Group 1 - The company, Yinglite, operates in the chlor-alkali chemical industry, with main products including polyvinyl chloride (PVC) and caustic soda [1] - PVC is primarily used in various applications such as pipes and fittings, PVC flooring/wall panels, profiles/windows, films, shoe and sole materials, synthetic leather, electrical wires and cables, wallpapers, building leather, foaming materials, rigid products, and soft products [1] - Caustic soda is mainly applied in industries such as aluminum oxide, chemicals, papermaking, textile printing and dyeing, light industry, water treatment, pharmaceuticals, petroleum, and military [1]

证券之星消息，8月19日，氯碱化工（600618）融资买入1007.53万元，融资偿还930.95万元，融资净买 入76.58万元，融资余额1.97亿元，近3个交易日已连续净买入累计1457.03万元，近20个交易日中有13个 交易日出现融资净买入。 | 交易日 | 融资净买入(元) | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | | 2025-08-19 | 76.58万 | 1.97亿 | 2.54% | | 2025-08-18 | 307.57万 | 1.96 Z | 2.55% | | 2025-08-15 | 1072.88万 | 1.93亿 | 2.52% | | 2025-08-14 | -217.04万 | 1.82亿 | 2.42% | | 2025-08-13 | 25.78万 | 1.85亿 | 2.41% | 融券方面，当日融券卖出6500.0股，融券偿还200.0股，融券净卖出6300.0股，融券余量6.84万股。 融资融券余额1.97亿元，较昨日上涨0.43%。 | 交易日 | 两融余额(元) | 余额变动(元) | 变动幅度 | | ...

Group 1 - The company plans to implement a natural soda ash mining solution test project with an annual production capacity of 5 million tons at Zhongyan (Inner Mongolia) Soda Industry Co., Ltd., with a total estimated investment of 360 million yuan, scheduled to start in August 2025 and complete the data report by the end of February 2026, with a total construction period of 7 months [1] - The company has completed the decision-making and regulatory processes for the reduction of capital at Zhongyan Soda Industry, and is currently handling business changes, making it a wholly-owned subsidiary of the company [1] - The company intends to carry out a technical upgrade and transformation project for the production of 60,000 tons of special resin at Zhongyan Jilantai Chlor-Alkali Chemical Co., Ltd., with a total investment of 493 million yuan and a construction period of 2 years, expected to be completed and put into use by 2027 [1]

Group 1 - The company, Zhongyan Chemical, announced an investment of 493.38 million yuan to upgrade its special resin production technology at Zhongyan Jilan Tai Chlor-Alkali Chemical Co., Ltd. [1] - The project aims to achieve an annual production capacity of 60,000 tons of special resin and is expected to be completed by 2027 [1] - The implementation of this project will enhance the company's market competitiveness and improve the profitability of its chlor-alkali business [1]

（文章来源：证券日报） 证券日报网讯 8月11日晚间，氯碱化工发布公告称，公司将于2025年9月2日召开2025年第一次临时股东 大会。本次股东大会将审议《关于修订及配套议事规则并取消监事会的议案》。 ...

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： 召开的日期时间：2025 年 9 月 2 日 14 点 30 分 召开地点：上海市徐家汇路 560 号 2101 会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 2 日 至2025 年 9 月 2 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运 作》等有关规定执行。 (七)涉及公开征集股东投票权 无 二、 会议审议事项 本次股东大会审议议案及投票股东类型 投票股东类型 序号 ...

证券代码：600618 900908 证券简称：氯碱化工 氯碱 B 股 公告编号：2025-017 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： 一、 召开会议的基本情况 (四)现场会议召开的日期、时间和地点 上海氯碱化工股份有限公司 关于召开2025年第一次临时股东大会的通知 召开的日期时间：2025 年 9 月 2 日 14 点 30 分 召开地点：上海市徐家汇路 560 号 2101 会议室 股东大会召开日期：2025年9月2日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (一)股东大会类型和届次 2025年第一次临时股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 (六 ...

行 业 研 究 2025 年 08 月 08 日 投资评级：看好（维持） 行业走势图 -10% 0% 10% 19% 29% 38% 2024-08 2024-12 2025-04 2025-08 基础化工 沪深300 数据来源：聚源 相关研究报告 《中共中央政治局会议再度明确"反 内卷"决心，国家发改委将对内卷行 业展开摸底调查—化工行业周报》 -2025.8.3 《多国政策支持生物燃料行业发展， 行业景气度向上—行业点评报告》 -2025.8.1 《农药行业开展"正风治卷"三年行 动，看好供给优化助力盈利修复、景 气反转—行业点评报告》-2025.7.28 ——行业深度报告 氯碱盈利已触底，PVC 亏损严重，反内卷政策推动下行业盈利有望修复。2025 年 7 月 1 日，中央财经委员会第六次会议明确强调，依法依规治理企业低价无序竞 争，推动落后产能有序退出。从氯碱行业上市公司 2024 年利润情况看，在我们统计 的 14 家上市企业中，6 家企业的氯碱业务处于盈亏平衡或者亏损的状态，可能非上 市公司的情况更差。据我们测算，2025 年 7 月，片碱行业平均盈利约为 1,053 元/吨、 PVC 行业平均亏 ...