转自：智通财经 【江苏索普：拟定增募资不超过15亿元】智通财经8月12日电，江苏索普(600746.SH)公告称，拟定增募 资不超过15亿元，扣除发行费用后的募集资金净额将用于醋酸乙烯及EVA一体化项目（一期工程）。 ...

江苏索普公告，2025年上半年营业收入31.58亿元，同比下降1.08%；净利润1.02亿元，同比下降 13.01%。公司不进行半年度利润分配或资本公积金转增股本。 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Views - The chlor-alkali industry is experiencing a recovery in profitability, driven by a tightening supply of glyphosate and glufosinate, leading to price increases [4][20] - The "anti-involution" policy is expected to be a key focus in 2025 and beyond, aiming to optimize the competitive landscape in the chemical industry [26] Summary by Sections Industry Trends - The chemical industry index outperformed the CSI 300 index by 1.1% this week, with 76.7% of the 545 tracked stocks showing weekly gains [17] - The average price of glyphosate increased to 26,399 CNY/ton, a rise of 0.37% from the previous week, while glufosinate also saw a price increase [21][22] Key Products Tracking - Urea and potassium chloride prices have risen, while phosphorite and phosphates remain stable [52] - The average price of urea reached 1,780 CNY/ton, up 0.62% from the previous week, driven by improved market sentiment [52][54] Recommended and Beneficiary Stocks - Recommended stocks include leading chemical companies such as Wanhua Chemical, Hualu Hengsheng, and Hengli Petrochemical [6][26] - Beneficiary stocks include companies like Jiangshan Co., Ltd. and Hebei New Chemical Materials [24][27]

Industry Overview - Chlorobenzene is a key organic chemical intermediate with irreplaceable strategic importance in agriculture, pharmaceuticals, dyes, and polymer materials [1][5] - In the first half of 2025, China's chlorobenzene industry is expected to experience a concentrated release of production capacity, leading to a significant increase in output, which is projected to reach 211,300 tons, a year-on-year growth of 71.43% [1][5] Industry Chain - The upstream of the chlorobenzene industry includes raw materials such as benzene, chlorine gas, and catalysts, as well as production equipment like chlorination reactors and distillation towers [3] - The midstream involves the production and manufacturing of chlorobenzene, while the downstream applications span agriculture, pharmaceuticals, dyes, pigments, fine chemicals, and synthetic materials [3] Current Industry Status - As of June 2025, the price of chlorobenzene is 4,964 yuan per ton, a year-on-year decrease of 33.25% due to increased market supply and reduced upstream raw material costs [7] - The industry operating rate in June 2025 is 55.69%, a decrease of 8.00 percentage points month-on-month but an increase of 21.21 percentage points year-on-year, driven by new production capacity and improved downstream demand [9] - The inventory level in the last week of June 2025 is 8,630 tons, a year-on-year increase of 643.97%, indicating a supply-demand imbalance [11] Key Enterprises - The chlorobenzene industry in China is highly concentrated, with a few large enterprises dominating the market. Anhui Bayi Chemical Co., Ltd. is the largest producer with an annual capacity of 320,000 tons [13] - Sinopec Nanjing Chemical Industry Co., Ltd. has an annual capacity of 150,000 tons and is a significant player in production technology and product quality [13] Industry Development Trends 1. The industry is transitioning from "scale expansion" to "quality upgrade," with technological advancements such as catalytic chlorination expected to reduce energy consumption and emissions [19] 2. The demand for chlorobenzene is expanding into high-value-added fields, particularly in pharmaceuticals and electronic chemicals, driven by the expiration of patents for key drugs [20] 3. Stricter environmental policies are pushing for a green transformation, leading to increased industry concentration as smaller firms face elimination due to rising compliance costs [21]

Group 1 - The core message emphasizes the importance of safety production in the chemical industry, highlighting the need for continuous improvement in safety management and the implementation of advanced technologies [1][2] - The government stresses the necessity of strict safety production responsibilities across all levels, including party leadership, departmental oversight, and corporate accountability [2] - There is a focus on upgrading old equipment and adopting new technologies to enhance safety measures and production efficiency within the industry [1][2] Group 2 - The analysis of typical safety accident cases in the chemical industry aims to identify characteristics and causes, leading to better safety practices [2] - The government encourages the cultivation of a safety culture within enterprises, including regular safety training and emergency drills for employees [2] - The establishment of a robust safety management system is crucial, with an emphasis on strict supervision, accountability, and the implementation of safety regulations [2]

Core Viewpoint - Jiangsu Sop Chemical Co., Ltd. has announced a cash dividend distribution plan for the fiscal year 2024, with a cash dividend of 0.05 CNY per share for A-shares, approved during the annual shareholders' meeting on May 23, 2025 [1][2]. Dividend Distribution Plan - The cash dividend distribution is set at 0.05 CNY per share, amounting to a total cash dividend of approximately 57.58 million CNY (including tax) based on the actual participating shares [1][2]. - The total share capital of the company is 1,167,842,884 shares, with 16,196,626 shares in the repurchase account, resulting in 1,151,646,258 shares eligible for the dividend distribution [1][2]. Important Dates - The key dates for the dividend distribution are as follows: - Record date: July 15, 2025 - Last trading day: July 16, 2025 - Ex-dividend date: July 16, 2025 [1][2]. Taxation on Dividends - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax, resulting in a net cash dividend of 0.05 CNY per share [3][4]. - For shares held for less than one year, the tax will be withheld upon transfer of the shares, with a tax burden of 20% for holdings of one month or less, and 10% for holdings between one month and one year [4][5]. - Qualified Foreign Institutional Investors (QFII) will have a 10% corporate income tax withheld, resulting in a net cash dividend of 0.045 CNY per share [5][6]. Implementation of Dividend Distribution - The cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited, with shareholders who have completed designated transactions able to receive their dividends on the payment date [2][3].

Group 1 - The legal opinion letter is issued by Jiangcheng Law Firm regarding Jiangsu Sop Chemical Co., Ltd.'s 2024 profit distribution plan, specifically addressing the differentiated equity distribution [2][4] - The company plans to distribute a cash dividend of 0.50 yuan (including tax) for every 10 shares, totaling approximately 57.58 million yuan (including tax) [7][8] - The shares held in the company's repurchase special securities account will not participate in the profit distribution, necessitating a differentiated equity distribution treatment [7][9] Group 2 - The legal opinion confirms that the differentiated equity distribution complies with relevant laws and regulations, including the Company Law and Securities Law, and does not harm the interests of the company or its shareholders [9][10] - The calculation of the ex-dividend reference price is based on the closing price prior to the distribution date, with minimal impact on the reference price [8][9]

关于 江苏索普化工股份有限公司 2024 年度差异化权益分派事项的 法律意见书 江苏江成律师事务所 地址：江苏省镇江市健康路 1-1 电话：0511-84416626 法律意见书 第一部分 声明事项 为出具本法律意见书，本所及本所律师声明如下： 江苏江成律师事务所 关于 江苏索普化工股份有限公司 2024 年度差异化权益分派事项的 法律意见书 致：江苏索普化工股份有限公司 江苏江成律师事务所（以下简称"本所"）接受江苏索普化工股份有限公司（以 下简称"江苏索普"或"公司"）的委托，就公司 2024 年度利润分配方案所涉及 的差异化权益分派（以下简称"本次差异化权益分派"）相关事宜，根据《中华人 民共和国证券法》（以下简称"《证券法》"）、《中华人民共和国公司法》（以 下简称"《公司法》"）、《上市公司股份回购规则（2025 修订）》（以下简称 "《回购规则》"）和《上海证券交易所上市公司自律监管指引第 7 号——回购股 份（2025 年 3 月修订）》（以下简称"《自律监管指引第 7 号》"）等有关法律、 法规和有关规范性文件，出具本法律意见书。 一、为出具本法律意见书，本所已得到如下保证：江苏索普已经提供了 ...

2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.05元 相关日期 证券代码：600746 证券简称：江苏索普 公告编号：临 2025-022 江苏索普化工股份有限公司 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/15 | － | 2025/7/16 | 2025/7/16 | 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 23 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东（公司回购专用账户除 外）。 3. 差异化分红送转方案： （1）本次差异化分红方案 公 ...

Group 1 - The core viewpoint of the article highlights the recent research conducted by the well-known private equity firm Fuyou Zhe on Jiangsu Suope, focusing on its methanol production capacity and cost-reduction measures in acetic acid production [1] - Jiangsu Suope primarily uses its methanol production capacity for acetic acid raw materials and has not engaged in hedging activities [1] - The company is implementing multiple measures to reduce costs in acetic acid production, including technological upgrades and the application of new technologies [1] Group 2 - The acetic acid ethylene project is being constructed by Jiangsu Suope, funded by its own capital and loans, with trial production expected in the first half of 2027 [1] - Jiangsu Suope collaborates with several universities and research institutions for technological upgrades and research and development, holding the only authorized ethylene method technology in the country [1] - The company emphasizes environmental protection by adopting new technologies to reduce emissions and implementing an environmental enhancement plan [1]