Meeting Overview - The shareholders' meeting was held on August 1, 2025, at China Chemical Building [1] - The meeting was convened by the board of directors and chaired by Chairman Mo Dingge, complying with the Company Law and Articles of Association [1][2] Attendance - All 6 current directors attended the meeting, along with the board secretary Zhu Jinfeng and some senior executives [2] - The voting method adhered to legal regulations and the company's articles [2] Resolutions - A resolution to elect Mr. Deng Zhaojing as a director was passed with more than half of the voting rights from attending shareholders [2] - No resolutions were rejected during the meeting [1] Legal Verification - The meeting was witnessed by Beijing Hairun Tianrui Law Firm, with lawyers Wang Caihong and Yang Yingming present [3] - The legal opinion confirmed that the meeting's procedures and resolutions were in compliance with relevant laws and regulations [4] Conclusion - The resolutions made during the shareholders' meeting are deemed legal and valid [4][5]

证券简称 推荐次数 所属申万一级行业 东方财富 6 非银金融 东鹏饮料 3 食品饮料 大金重工 3 电力设备 万华化学 3 基础化工 沪电股份 3 电子 洛阳钼业 3 有色金属 牧原股份 3 农林牧渔 华菱钢铁 2 钢铁 中国化学 2 建筑装饰 欣旺达 2 电力设备 ...

Meeting Overview - The shareholders' meeting was held on August 1, 2025, at China Chemical Building [1] - The attendance rate of ordinary shareholders and preferred shareholders with restored voting rights was 46.0375% [1] - The meeting was convened by the board of directors and chaired by Chairman Mo Dingge, complying with the Company Law and Articles of Association [1] Voting Results - All non-cumulative voting proposals were approved, with 99.7452% of A-shareholders voting in favor [1] - The proposal for the re-election of director Deng Zhaojing was also approved, with voting percentages for support, opposition, and abstention being below 5% [1] Legal Compliance - The meeting's procedures, attendance qualifications, and voting processes were verified by lawyers Wang Caihong and Yang Yingming, confirming compliance with legal regulations and the company's Articles of Association [2][3]

Core Viewpoint - The legal opinion letter confirms that the convening and procedures of the 2025 First Extraordinary General Meeting of China Chemical Engineering Co., Ltd. comply with relevant laws and regulations, ensuring the legitimacy and effectiveness of the resolutions made during the meeting [1][6]. Group 1: Meeting Procedures - The notice for the meeting was issued on July 1, 2025, and the meeting took place on August 1, 2025, at 14:30 in Beijing [2][3]. - The meeting utilized a combination of on-site and online voting, with specific time slots for online voting through the Shanghai Stock Exchange's system [3][4]. - The procedures for convening and holding the meeting were found to be in accordance with the Company Law and the rules governing shareholder meetings [3][4]. Group 2: Attendance and Voting - A total of 746 shareholders and representatives attended the meeting, representing 2,812,307,840 shares, which is 46.0375% of the total voting shares [4]. - Of the attendees, 2 shareholders voted on-site, representing 2,638,964,675 shares (43.1999%), while 744 participated via online voting, representing 173,343,165 shares (2.8376%) [4][5]. - The voting results showed that 2,805,142,531 shares (99.7452%) were in favor of the proposal, while 6,397,909 shares (0.2274%) opposed it, and 767,400 shares were abstained [5][6]. Group 3: Conclusion - The legal opinion concludes that all aspects of the meeting, including the convening, attendance, and voting procedures, were compliant with the relevant laws and regulations, rendering the resolutions valid [6].

Group 1 - The Shanghai Composite Index decreased by 0.37%, while the Shanghai Urban Infrastructure Index fell by 0.46%, closing at 1237.37 points with a trading volume of 20.049 billion yuan [1] - The Shanghai Urban Infrastructure Index has increased by 6.04% over the past month and 6.76% over the past three months, but has declined by 1.59% year-to-date [2] - The index series reflects the performance of listed companies influenced by changes in economic and consumption structures, focusing on themes such as intensive, intelligent, and green low-carbon development [2] Group 2 - The top ten weighted stocks in the Shanghai Urban Infrastructure Index include China State Construction (9.44%), China Railway (6.99%), and Poly Development (6.86%) [2] - The index is composed entirely of stocks listed on the Shanghai Stock Exchange, with the industrial sector accounting for 57.81%, real estate for 31.30%, and materials for 10.90% [3] - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December [3]

Group 1 - The core point of the article highlights the financial performance and stock activity of China Chemical Engineering Co., Ltd. as of August 1, 2025, with a closing price of 8.01 yuan, a slight increase of 0.25% [1] - The company reported total operating revenue of 44.653 billion yuan for Q1 2025, a year-on-year decrease of 1.15%, while net profit attributable to shareholders was 1.445 billion yuan, reflecting an 18.77% increase year-on-year [1] - The company has a current ratio of 1.152, a quick ratio of 1.104, and a debt-to-asset ratio of 69.43% [1] Group 2 - China Chemical Engineering Co., Ltd. has made investments in 31 enterprises and participated in 298 bidding projects [2] - The company holds 4 trademark registrations and 85 patents, along with 24 administrative licenses [2]

Core Viewpoint - China Chemical Tianchen Company has been recognized as a "benchmark" in the 2024 evaluation of the State-owned Assets Supervision and Administration Commission's "Science and Technology Reform Action," marking its fifth consecutive highest rating since its initial selection in 2020, establishing itself as a model enterprise in the national chemical sector [1] Group 1 - The company has actively integrated into the global technological competition landscape, adhering to national strategic deployments as its fundamental guideline [1] - It has successfully overcome key technologies such as adiponitrile, forming a diversified development pattern characterized by "technology leadership, engineering support, and industrial implementation" [1] - The company's efforts provide solid support for ensuring the safety and stability of China's chemical industry supply chain [1]

（文章来源：证券日报） 证券日报网讯 8月1日晚间，中国化学发布公告称，公司2025年第一次临时股东会审议通过了《关于补 选邓兆敬先生为公司董事的议案》。 ...

Core Insights - The construction industry is expected to outperform the market in the second half of 2025, driven by improvements in asset quality and a potential recovery in demand [1][4] - Downstream demand remains weak, leading to accelerated balance sheet contraction among construction companies [1][4] - Infrastructure investment is anticipated to become a key driver for expanding domestic demand and stabilizing growth [3][4] Summary by Sections Industry Performance - In the first half of 2025, the total contract amount for new projects in the construction industry reached 25 trillion yuan, a year-on-year increase of 22.5%, although still significantly lower than levels in 2022-2023 [1][30] - The industry is experiencing a decline in new orders and revenue, but signs of a profitability turning point are emerging as some local construction companies accelerate the collection of receivables and repay existing debts [1][4] Inventory Cycle Perspective - The construction industry is nearing the end of a "passive inventory replenishment" phase, characterized by a lagged response of inventory fluctuations to changes in downstream demand [2][77] - Since 2021, the industry has entered a phase of passive inventory accumulation due to prolonged project repayment cycles and a concentration of PPP projects transitioning to operational phases [2][82] Infrastructure Investment - Infrastructure investment is seen as a critical measure to expand domestic demand and stabilize economic growth, especially in light of pressures on price indicators and the need for effective investment [3][4] - The government is expected to increase fiscal support for infrastructure projects, particularly in areas related to public welfare and energy security [3][4] Investment Recommendations - The report maintains a positive outlook for the construction sector in the second half of 2025, suggesting that asset quality improvements will align with demand recovery [4] - Recommended stocks include Yaxiang Integration, Zhongyan Dadi, China Railway Construction, and others, which are expected to benefit from the anticipated recovery in infrastructure investment [4][8]

北京海润天睿律师事务所 关于中国化学工程股份有限公司 2025 年第一次临时股东会的法律意见书 中国·北京 北京市朝阳区建外大街甲 14 号广播大厦 5 层&9 层&10 层&13 层&17 层 电话（Tel）：86-10-65219696 传真（Fax）：86-10-88381869 第 1 页 共 6 页 北京海润天睿律师事务所 关于中国化学工程股份有限公司 2025 年第一次临时股东会的 法律意见书 致：中国化学工程股份有限公司 北京海润天睿律师事务所（以下简称"本所"）接受中国化学工程股份有限 公司（以下简称"公司"）的委托，指派王彩虹律师、杨苡铭律师出席公司 2025 年第一次临时股东会，并依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规 则》（以下简称"《股东会规则》"）等相关法律、法规、规范性文件及《中国 化学工程股份有限公司章程》（以下简称"《公司章程》"）的规定，就公司本 次股东大会的召集、召开程序、出席会议人员的资格、召集人资格、表决程序、 表决结果等有关事宜出具本法律意见书。 对本法律意见书的出具，本所律师特 ...