Group 1 - The chemical fiber sector experienced a 0.46% increase on December 30, with N Shuangxin leading the gains [1] - The Shanghai Composite Index closed at 3965.12, showing no change, while the Shenzhen Component Index rose by 0.49% to 13604.07 [1] - N Shuangxin's stock price surged by 187.30% to 19.68, with a trading volume of 1.4599 million shares and a transaction value of 30.45 billion [1] Group 2 - The chemical fiber sector saw a net inflow of 35.49 million from institutional investors, while retail investors experienced a net outflow of 810 million [2][3] - The top stocks in the sector included Xin Fengming, which rose by 7.86% to 19.90, and Shenma Co., which increased by 3.31% to 9.35 [1] - The overall trading volume for the chemical fiber sector was significant, with N Shuangxin leading in both net inflow and trading activity [3]

Market Overview - The Shanghai Composite Index is at 3979.82 points, above the annual line, with a change of 0.41% [1] - The total trading volume of A-shares is 11,702.17 million yuan [1] Stocks Breaking Annual Line - A total of 57 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] - Stocks with the highest deviation rates include: - Nova Star Cloud (4.63%) - Dong'an Power (4.51%) - Jida Communication (4.00%) [1] Detailed Stock Performance - Nova Star Cloud: Today's change is 6.74%, with a turnover rate of 3.75%, latest price at 166.51 yuan [1] - Dong'an Power: Today's change is 10.03%, with a turnover rate of 4.97%, latest price at 13.16 yuan [1] - Jida Communication: Today's change is 4.92%, with a turnover rate of 6.55%, latest price at 9.60 yuan [1] Additional Stocks with Notable Performance - Other stocks with significant performance include: - Tuo Wei Information: Change of 4.23%, latest price at 32.00 yuan, deviation rate of 3.66% [1] - Jingke Energy: Change of 6.29%, latest price at 6.08 yuan, deviation rate of 3.51% [1] - Stocks with smaller deviation rates that have just crossed the annual line include: - Hada Technology: Change of 2.45%, latest price at 10.88 yuan, deviation rate of 2.01% [1] - Blue Sail Medical: Change of 2.38%, latest price at 5.60 yuan, deviation rate of 1.96% [1]

Industry Overview - Nylon 66 (PA66) is recognized as the "crown jewel" of engineering plastics, characterized by its high crystallinity and excellent physical properties due to its symmetrical molecular structure [4][6][18] - The historical development of PA66 reflects significant advancements in synthetic materials, starting from its invention by DuPont in the 1930s to its strategic military applications during World War II and subsequent industrial expansion [8][12][14] - PA66's unique properties, such as high melting point (approximately 260°C), mechanical strength, self-lubrication, and chemical resistance, make it irreplaceable in various applications [18][20][21] Industry Positioning - The PA66 industry is transitioning from a "high premium monopoly" to a "self-controlled" model, as China has made significant breakthroughs in the production of key raw materials, particularly adiponitrile (ADN) [33] - The industry is now viewed as a symbol of China's chemical sector achieving high levels of self-reliance and independence [33] Supply Chain Analysis - The PA66 supply chain is characterized by high barriers to entry and significant global division of labor, with ADN being the critical intermediate that determines the industry's viability [40][41] - The supply chain exhibits a "sandglass" structure, with numerous participants upstream and a concentrated number of key players in the middle [43] - The production of ADN is dominated by a few global giants, and the technology involved is complex, leading to a historical monopoly [48][51] Market Dynamics - The global nylon 66 market has been historically dominated by a few companies, with pricing power held by major players like Invista, Ascend, and BASF [63][65] - The market is experiencing a shift, with China's domestic production capacity rapidly increasing, moving from a net importer to a potential net exporter of nylon 66 [79] - The demand for nylon 66 is expected to grow significantly, particularly in the Asian market, driven by applications in automotive and consumer goods [75][76] Technological Advancements - Continuous polymerization processes and vertical reactors are becoming the industry standard, enhancing efficiency and reducing energy consumption [82][87] - The adoption of advanced technologies in production is crucial for maintaining competitive advantages in the global market [105][107] Downstream Applications - The consumption structure of nylon 66 is highly concentrated, with engineering plastics accounting for approximately 57% and synthetic fibers for about 40% of the market [109]

Core Viewpoint - The article highlights the signing of an investment cooperation agreement for a 12,000-ton annual production capacity of recycled nylon project, marking an expansion in the production scale of recycled nylon products by Pingmei Shenma Group [1]. Group 1: Project Overview - The project aims to establish a new resource recycling system utilizing waste nylon 66 yarn from both internal sources and market procurement, transforming it into recycled nylon pellets for downstream use in the nylon industry chain [1]. - The project is located in the Yexian Nylon Deep Processing Industrial Park and is a joint venture between Lianzi Cloth Development Company, Anhui Zhongxin Hongwei Technology Co., Ltd., and Shanghai Shou'an Chemical Technology Co., Ltd. [1]. Group 2: Technological and Market Advantages - The newly formed company, Henan Shenma Hong'an Recycled Nylon New Materials Co., Ltd., will leverage multiple patented technologies and equipment from Anhui Zhongxin Hongwei in the PA66 recycling granulation field, providing significant advantages in production technology and cost control [2]. - The collaboration is expected to capture a substantial market share in domestic PA66 waste yarn and recycled chip products, enhancing market pricing power as recycled nylon technology advances [2].

一、会议召开和出席情况 证券代码：600810 证券简称：神马股份 公告编号：2025-123 神马实业股份有限公司 2025年第七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： ● 本次会议是否有否决议案：无 (一)股东会召开的时间：2025年12月23日 (二)股东会召开的地点：公司东配楼二楼会议室 (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： ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次股东会由公司董事会召集，董事长李本斌先生主持，会议召集和召开程序、出席会议人员的资格、 会议的表决方式和程序均符合《公司法》及《公司章程》的有关规定。 (五)公司董事和董事会秘书的列席情况 1、公司在任董事9人，出席5人，董事樊亚平先生、独立董事刘民英先生、独立董事王玉法先生、独立 董事尚贤女士因工作原因未出席本次会议。 2、董事会秘书安鲁嘉先生出席本次会议；财务总监江泳先生、总法律顾问李金磊先生列席了本次会 议。 二、议案审议情况 表决情况 ...

证券日报网讯 12月23日，神马股份发布公告称，公司2025年第七次临时股东会审议通过《关于为控股 子公司中平神马江苏新材料科技有限公司提供担保的议案》。 （文章来源：证券日报） ...

本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 722 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 687,451,536 | | 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 | | | 份总数的比例（%） | 61.8621 | 证券代码：600810 证券简称：神马股份 公告编号：2025-123 神马实业股份有限公司 2025年第七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： 审议结果：通过 表决情况： | 股东类型 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | | 票数 | 比例（%） | 票数 | 比例 | 票数 | 比例 | | | | | | （%） | | （%） | | A 股 | 680,959,984 | 99.0557 | 6,251,552 | 0.9093 | 240,0 ...

@@ 北京市众天律师事务所 ZHONGTIAN PRC LAWYERS 地址：北京市海淀区北四环西路 9 号银谷大厦十七层 Add: 17/F，Yingu Mansion，9 West Beisihuan 邮编：100190 Rd.，Beijing 100190，CHINA 电话：（86-10）62800408 Tel:（86-10）62800408 传真：（86-10）62800409 Fax：（86-10）62800409 电子邮箱：zhtian@zhongtian.org E-mail:zhtian@zhongtian.org 北京市众天律师事务所 关于神马实业股份有限公司 2025 年第七次临时股东会 的法律意见 众天证字[2025] SHM-008号 致：神马实业股份有限公司 北京市众天律师事务所（以下简称"本所"）接受神马实业股份有限公司（以 下简称"公司"）的委托，指派本所律师出席了公司 2025 年第七次临时股东会 （以下简称"本次股东会"），对本次股东会的召集和召开程序、出席会议人员 及召集人的资格、表决程序和表决结果的合法有效性进行现场律师见证，并发表 本法律意见。 本律师根据《中华人民共 ...

Core Viewpoint - The nylon 66 (PA66) industry is at a pivotal turning point in 2024, driven by domestic technological breakthroughs and the planning of million-ton production capacity, which is expected to dissolve the long-standing foreign monopoly on key raw materials like adiponitrile [2]. Industry Overview - Nylon 66, known as the "king of engineering plastics," is a semi-crystalline thermoplastic resin produced from adipic acid and hexamethylenediamine, characterized by its symmetrical molecular structure that provides high crystallinity and excellent physical properties [4][6]. - The historical development of PA66 reflects significant advancements in synthetic materials, starting from its invention by DuPont in the 1930s to its strategic military applications during World War II, and its subsequent industrial expansion [8][12][14]. - PA66's unique properties, such as high melting point (approximately 260°C), mechanical strength, self-lubrication, and chemical resistance, make it irreplaceable in various applications [18][19][20][21]. Industry Positioning - The PA66 industry is classified as both technology-intensive and capital-intensive, previously dominated by global giants like Invista, Ascend, and BASF. However, with China's advancements in adiponitrile technology, the industry is transitioning from a "noble plastic" to a more generalized engineering plastic [33]. Supply Chain Analysis - The nylon 66 supply chain is characterized by a "sandglass" structure, with numerous participants upstream and a highly concentrated midstream focused on adiponitrile production, which is critical for PA66 manufacturing [40][43]. - Adiponitrile is the key intermediate in the production of nylon 66, and its production technology is complex, with only a few companies globally mastering commercial production [48]. - The global supply landscape for adiponitrile has shifted from a triopoly dominated by Invista, Ascend, and Solvay to a more competitive environment, with China's self-sufficiency in adiponitrile rapidly increasing [51]. Market Analysis - The global nylon 66 market has historically been oligopolistic, with pricing heavily influenced by raw material costs and supply disruptions. However, the market is evolving towards a more competitive landscape as domestic production stabilizes [63][64]. - China's nylon 66 industry is experiencing a significant capacity expansion, transitioning from a net importer to a potential global manufacturing hub, with projections indicating a rise in domestic production capacity to over 200,000 tons by 2027 [69][72]. - The demand for nylon 66 is expected to grow, particularly in the high-end textile market, as price reductions due to increased supply make it more competitive against alternatives like nylon 6 [75]. Technical Analysis - The production process of nylon 66 is shifting towards continuous polymerization methods, particularly using vertical reactors, which enhance efficiency and reduce energy consumption [82][97]. - Continuous polymerization allows for a more stable production process, minimizing quality fluctuations and improving overall yield, which is crucial for meeting the growing demand [90][101]. Downstream Application Analysis - The downstream consumption of nylon 66 is highly concentrated, with engineering plastics accounting for approximately 57% and synthetic fibers for about 40% of the market [109].

神马实业股份有限公司 2025 年第七次临时股东会 会议材料 2025 年 12 月 23 日 2022 年第九次临时股东会 2025 年第七次临时股东会 目录 | 2025 年第七次临时股东会会议议题 . | | --- | | 议案一： | | 关于为控股子公司中平神马江苏新材料科技有限公司提供担保的议 | | 家 | 2025 年第七次临时股东会 2025 年第七次临时股东会会议议题 一、关于为控股子公司中平神马江苏新材料科技有限公司提供担 保的议案 第 1 页 共 2 页 2025 年第七次临时股东会 议案一： 关于为控股子公司中平神马江苏新材料科技有限公司 提供担保的议案 各位股东、各位代表： 神马实业股份有限公司（简称公司或本公司）持有中平神马江苏 新材料科技有限公司（简称江苏新材料）60%的股权，为其控股方； 南通鹏发高分子材料有限公司（简称南通鹏发）持有江苏新材料 40% 的股权，为其参股方。 江苏新材料在海安农商行 8,000 万元贷款于 2025 年 11 月到期， 现申请续作,期限一年。本公司拟按持股比例 60%为江苏新材料本次 贷款提供连带责任保证担保，担保金额 4,800 万元；南通 ...