股票代码：601233 股票简称：桐昆股份 公告编号：2026-002 桐昆集团股份有限公司关于 2023年限制性股票激励计划部分限制性股票 | 回购股份数量（股） | 注销股份数量（股） | 注销日期 | | | | --- | --- | --- | --- | --- | | 4,552,410 | 4,552,410 | 年 2026 1 20 | 月 | 日 | 一、本次限制性股票回购注销的决策与信息披露 1、2023 年 9 月 25 日，公司召开第九届董事会第四次会议和第 九届监事会第三次会议，审议通过了《关于公司<2023 年限制性股票 激励计划（草案）>及摘要的议案》《关于公司<2023 年限制性股票 1 激励计划实施考核管理办法>的议案》等相关议案，独立董事对股权 激励计划相关事项发表了独立意见，监事会对本次股权激励计划相关 事项进行核实并出具了相关核查意见。 2、2023 年 9 月 26 日至 2023 年 10 月 6 日，公司对授予激励对 象的姓名和职级通过公司内部网站进行了公示。公示期内，公司监事 会未收到任何异议。2023 年 10 月 10 日，公司披露了《桐昆集团股 份有限 ...

中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮政编码 100025 电话: (86-10) 5809-1000 传真: (86-10) 5809-1100 北京市竞天公诚律师事务所 关于桐昆集团股份有限公司 回购注销 2023 年限制性股票激励计划部分激励对象已获授但尚 未解除限售的限制性股票的 法律意见书 致：桐昆集团股份有限公司 北京市竞天公诚律师事务所（以下称"本所"）接受桐昆集团股份有限公司（以 下称"公司"或"桐昆股份"）的委托，根据《中华人民共和国公司法》（以下称"《公 司法》"）、《中华人民共和国证券法》（以下称"《证券法》"）、《上市公司 股权激励管理办法》（以下称"《管理办法》"）等有关法律、法规和规范性文件 及《桐昆集团股份有限公司章程》（以下称"《公司章程》"）、《桐昆集团股份 有限公司 2023 年限制性股票激励计划（草案）》（以下称"《激励计划（草案）》"） 的规定，就公司回购注销部分激励对象已获授但尚未解除限售的限制性股票（以 下称"本次回购注销部分限制性股票"）事宜出具本法律意见书。 为出具本法律意见书之目的，本所律师对公司提供的、本所律师认为出具本 法律意 ...

2026年第一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 股票代码：601233 股票简称：桐昆股份 公告编号：2026-003 桐昆集团股份有限公司 本次会议由公司董事会提议召开。公司董事长陈蕾主持会议。会议召集及召 开程序符合《公司法》和《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11人，列席10人，董事沈祺超因公务出差请假。 一、 会议召开和出席情况 (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： | 1、出席会议的股东和代理人人数 | 604 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,128,289,318 | | 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（%） | 47.3364 | (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。 2、公司董事会秘书费妙奇出席会议；副总裁徐奇 ...

中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮政编码 100025 电话：（86-10）5809-1000 传真：（86-10）5809-1100 北京市竞天公诚律师事务所 关于桐昆集团股份有限公司 2026年第一次临时股东会的法律意见书 致：桐昆集团股份有限公司 北京市竞天公诚律师事务所（以下称"本所"）接受桐昆集团股份有限公司 （以下称"公司"）的委托，指派本所律师列席公司于 2026 年 1 月 15 日 14 点 00 分在浙江省桐乡市凤凰湖大道 518 号桐昆集团总部会议室召开的 2026 年第一 次临时股东会（以下称"本次股东会"），并依据《中华人民共和国公司法》等 中国法律、法规和相关规范性文件（以下称"中国法律法规"）及《桐昆集团股 份有限公司章程》（以下称"公司章程"）的规定，就本次股东会的召集和召开 程序、出席会议人员资格、召集人资格、会议表决程序和表决结果等事宜（以下 称"程序事宜"）出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的有关本次股东会的文件， 包括但不限于第九届董事会第二十二次会议决议以及根据决议内容刊登的公告、 本次股东会的通知、议案和 ...

Group 1 - The chemical sector is leading the market gains, with the basic chemical sector showing the highest increase among 30 CITIC primary industries, reflecting a 0.99% rise in the chemical ETF (516020) [1] - Key stocks in the sector include rubber additives and phosphorus chemicals, with notable performances from Tongcheng New Materials, which hit the daily limit, and Hongda Co., which rose over 5% [1][2] - The overall market sentiment indicates a strong rebound in the chemical sector, driven by significant orders from leading lithium battery manufacturers, with expectations of substantial growth in lithium battery production capacity by 2026 [2][3] Group 2 - Industry analysts predict that the chemical industry's profitability is likely to recover in 2026 after experiencing a downturn in 2025, with a new phase of supply-demand rebalancing beginning [3] - The chemical ETF (516020) tracks the CSI segmented chemical industry theme index, with nearly 50% of its holdings concentrated in large-cap leading stocks, providing investors with opportunities to capitalize on the sector's rebound [3] - The ETF includes exposure to various themes such as AI computing, anti-involution policies, and new energy, which are expected to drive growth in the chemical sector [3]

Investment Rating - The industry investment rating is maintained at "Outperform the Market-A" [5] Core Viewpoints - The report highlights that major polyester filament manufacturers have initiated a new round of production cuts since late December, with plans to further expand reductions as the Spring Festival approaches, effectively responding to market changes and improving profitability [1][2] - The report anticipates a favorable "golden March and silver April" period, with a projected industry load of around 71%-72% during the Spring Festival, marking a three-year low, and a significant reduction in inventory levels [2] - The overall fundamentals of the filament industry are improving, with supply growth expected to be moderate and demand gradually recovering due to consumption stimulus policies and external factors [3] Summary by Sections 1. Polyester Filament: A Key Link in the Polyester Industry Chain - Polyester filament is a widely used synthetic fiber with characteristics such as durability, elasticity, and resistance to corrosion, widely applied in textiles and various industrial products [14] 2. Industry Self-Regulation and Supply-Demand Dynamics - The polyester filament industry has established a mature self-regulation mechanism, with two rounds of collaborative pricing strategies implemented to stabilize prices and manage production effectively [20][21] - The supply peak has passed, with future capacity additions concentrated in major companies, and the industry is expected to maintain a balanced supply-demand situation through 2026-2027 [27] 3. Sufficient Profit Elasticity and Expectations for "Golden March and Silver April" - The report indicates that polyester filament has strong profit elasticity, with significant profit increases observed during previous upturns, leading to improved profitability for key companies [30]

Group 1 - The core viewpoint of the article highlights a strong performance in the market, particularly in the petrochemical sector, with the CSI Petrochemical Industry Index rising over 1% and leading stocks such as Tongkun Co., Ltd., New Fengming, and Baofeng Energy driving gains [1] - The petrochemical ETF (159731) has seen a significant net inflow of funds totaling 94.6642 million yuan over the past five days, indicating strong buying interest [1] - According to CITIC Securities' research report, market sentiment suggests that the year-end rally is likely to continue, although there is an increased risk of short-term technical corrections [1] Group 2 - The petrochemical ETF and its linked funds closely track the CSI Petrochemical Industry Index, with the basic chemical industry accounting for 59.2% and the oil and petrochemical industry for 32.6% of the index [1] - Resource stocks make up 92.48% of the ETF's composition, positioning them to benefit significantly from the rising prices of resources [1] - The current market phase is characterized by a verification of economic conditions, with previously lagging sectors showing signs of recovery, which is expected to be a key direction for the ongoing year-end rally [1]

Group 1 - The chemical sector continues to show strong performance, with the chemical ETF (516020) rising by 1.55% as of the latest report [1] - Key stocks in the sector, such as Tongkun Co. and Xin Fengming, have seen significant gains, with increases exceeding 7% [1] - The ETF has attracted substantial capital inflow, with a net subscription of 378 million yuan over the past five trading days and over 900 million yuan in the last ten days [1][2] Group 2 - The National Development and Reform Commission emphasizes the need for structural reforms in traditional industries, including steel and petrochemicals, to enhance supply and demand balance and product structure [3] - Guotai Junan Securities suggests that the large chemical industry is likely to undergo a revaluation, as the current profitability does not align with its industry position [3] - The chemical ETF (516020) has been included in the Stock Connect program, which is expected to attract new northbound capital and enhance liquidity [4]

Group 1 - The chemical sector continues to show strong performance, with the chemical ETF (516020) rising by 1.55% as of the latest report [1][7] - Key stocks in the sector include Tongkun Co. and New Fengming, both of which have surged over 7%, while Junzheng Group increased by over 6% [1][7] - Recent inflows into the chemical ETF have been significant, with a net subscription of 378 million yuan over the past five trading days and over 900 million yuan in the last ten days [1][8] Group 2 - The National Development and Reform Commission has highlighted the need for structural reforms in traditional industries, including steel and petrochemicals, to improve supply-demand balance and product structure [3][9] - Guotai Junan Securities suggests that the large chemical industry is likely to be revalued, as the current profitability does not match its industry position, indicating potential for recovery [3][9] - The chemical ETF (516020) has been included in the Stock Connect program, which is expected to attract new capital and enhance liquidity [4][11] Group 3 - The chemical ETF tracks a specialized index covering various themes, with nearly 50% of its holdings in large-cap leading stocks like Wanhua Chemical and Salt Lake Potash [4][11] - Investors can also access the chemical sector through the chemical ETF linked funds, which provide an efficient way to invest in this sector [4][11]

Core Viewpoint - Dongwu Securities research report indicates that with the ongoing reduction in polyester chain competition, Tongkun Co., Ltd. is expected to see an improvement in profitability, and the company is viewed positively for future growth potential, receiving an initial "Buy" rating [1] Group 1: Industry Overview - By the end of December 2025, major domestic polyester filament manufacturers plan to implement self-discipline production cuts to maintain prices, with a planned reduction of 10% for POY and 15% for FDY, with further reductions expected around the Chinese New Year [1] - Tongkun Co., Ltd. is the largest polyester filament producer globally, with a PTA production capacity of 10.2 million tons per year and a polyester filament capacity of 13.5 million tons per year, leading the industry in both capacity and output [1] Group 2: Company Developments - As of the first half of 2025, Tongkun Co., Ltd. is constructing a 1.2 million tons per year green differentiated fiber project, which is divided into two phases: the first phase includes the construction of two sets of polyester filament production units with a total capacity of 600,000 tons per year and a texturing workshop, utilizing some relocated equipment from the former Hengsheng company; the second phase will also include two sets of polyester filament units with a total capacity of 600,000 tons per year [1] - The company will steadily advance the project while balancing industry supply and demand and market conditions [1]