Group 1 - Jianghuai Microelectronics (江化微) reported a financing buy-in of 49.68 million yuan on September 12, with a net financing buy of 2.11 million yuan and a financing balance of 398 million yuan [1][2] - Over the past three trading days, Jianghuai Microelectronics has seen a cumulative net buy of 6.38 million yuan, with 11 out of the last 20 trading days showing net financing buy activity [1] - The financing balance increased by 0.53% compared to the previous day, indicating a positive trend in investor sentiment [3] Group 2 - The financing net buy on September 12 accounted for 5.12% of the company's circulating market value [2] - The financing balance on September 11 was 396 million yuan, with a net buy of 2.69 million yuan, reflecting a 0.68% increase [3] - The overall margin trading balance on September 12 was 398 million yuan, showing a consistent upward movement in recent trading days [3]

Investment Rating - The report maintains a "Recommended" rating for the chemical industry [1] Core Insights - The chemical industry in China is expected to undergo a revaluation due to anti-involution measures, which may lead to a significant slowdown in global chemical capacity expansion. This shift could enhance the cash flow and dividend yield of Chinese chemical companies, transforming them from cash-consuming entities to profit-generating ones [6][29] - The demand for chromium salts is anticipated to rise significantly due to increased orders for gas turbines and commercial aircraft engines in Europe and the US, leading to a projected shortfall of 250,000 tons by 2028, which is about 23% of the total annual production [6] - The report highlights four key investment opportunities: low-cost expansion, improving industry conditions, new materials, and high dividend yields from state-owned enterprises [7][8] Summary by Sections Recent Performance - The basic chemical sector has shown a performance increase of 51.0% over the past 12 months, compared to 42.5% for the CSI 300 index [4] Investment Recommendations - The report emphasizes the potential for low-cost expansion in major companies such as Wanhua Chemical, Hualu Hengsheng, and others, alongside sectors like tires and fertilizers [7] - It also points out the improving conditions in various segments, including chromium salts, phosphate rock, and agricultural chemicals [8] Key Products Analysis - Recent price increases were noted for acrylic acid and esters, with butyl acrylate priced at 7,600 RMB/ton, reflecting a 3.40% increase [10] - The report also mentions the price of polymer MDI in East China at 15,550 RMB/ton, up by 1.97% [10] Company Tracking and Earnings Forecast - The report provides a detailed earnings forecast for key companies, indicating a positive outlook for many, with several companies rated as "Buy" [30]

Core Viewpoint - Jiangyin Jianghua Microelectronics Materials Co., Ltd. announced a cash dividend distribution of 0.03 RMB per share for the first half of 2025, totaling approximately 11.57 million RMB [2][4]. Distribution Plan - The cash dividend of 0.03 RMB per share (before tax) will be distributed based on a total share capital of 385,637,248 shares [4]. - The distribution plan was approved at the annual general meeting on April 11, 2025, and subsequently confirmed by the board meeting on August 22, 2025 [2][3]. Distribution Implementation - The dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the record date [3]. - The cash dividends will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited, and shareholders who have completed designated transactions can collect their dividends on the payment date [5]. Taxation Details - For individual shareholders holding unrestricted circulating shares, dividends are subject to different tax treatments based on the holding period, with a maximum tax rate of 20% for shares held for less than one month [8]. - For shares held over one year, dividends are exempt from individual income tax [8]. - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net dividend of 0.027 RMB per share after tax [10].

Group 1 - The company Jianghua Micro announced a profit distribution plan for the first half of 2025, proposing a cash dividend of 0.03 yuan per share (tax included) for A-shares [2] - The record date for the dividend is set for September 16, 2025, and the ex-dividend date is September 17, 2025 [2]

证券代码：603078 证券简称：江化微 公告编号：2025-037 江阴江化微电子材料股份有限公司 2025年半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 二、分配方案 1.发放年度：2025年半年度 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。 3.分配方案： A 股每股现金红利0.03元（含税） 相关日期 | 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 | 2025/9/16 | － | 2025/9/17 | 2025/9/17 | 差异化分红送转： 否 一、通过分配方案的股东会届次和日期 本次利润分配方案经公司 2025 年 4 月 11 日的 2024 年年度股东大会审议通过， 授权董事会制定并实施具体的现金分 ...

9月5日，江化微涨5.24%，截至发稿，报19.88元/股，成交2.59亿元，换手率3.50%，总市值76.66亿元。 资料显示，江阴江化微电子材料股份有限公司位于江苏省江阴市周庄镇长寿云顾路581号，成立日期 2001年8月17日，上市日期2017年4月10日，公司主营业务涉及超净高纯试剂、光刻胶配套试剂等湿电子 化学品的研发、生产和销售。主营业务收入构成为：超净高纯试剂62.62%，光刻胶配套试剂34.69%， 其他(补充)2.70%。 从基金十大重仓股角度 截至发稿，张琦累计任职时间15年64天，现任基金资产总规模23.17亿元，任职期间最佳基金回报 150.65%， 任职期间最差基金回报-19.09%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，国寿安保基金旗下1只基金重仓江化微。国寿安保目标策略混合发起A（004818）二季度持 有股数28.58万股，与上期相比持股数量不变，占基金净值比例为3.64%，位居第八大重仓股。根据测 ...

非独立董事辞职暨选举职工董事的公告 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： 江阴江化微电子材料股份有限公司（以下简称"公司"）于2025年9月8日召开2025年第一次临时股东大 会，审议通过《关于取消监事会并修订〈公司章程〉的议案》《关于修订及制定公司部分治理制度的议 案》。根据《中华人民共和国公司法》《上海证券交易所上市公司自律监管指引第1号一一规范运作》 等法律法规、规范性文件及《江阴江化微电子材料股份有限公司章程》的相关规定，并结合公司董事变 动情况，公司于同日召开职工代表大会，选举殷姿女士为公司第五届董事会职工代表董事。 一、董事/高级管理人员离任情况 (一)提前离任的基本情况 ■ 证券代码：603078 证券简称：江化微 公告编号：2025-036 江阴江化微电子材料股份有限公司关于公司 二、选举职工代表董事基本情况 根据《中华人民共和国公司法》《上海证券交易所上市公司自律监管指引第1号一一规范运作》等法律 法规、规范性文件及《江阴江化微电子材料股份有限公司章程》的相关规定，并结合公司董事变动 ...

证券日报网讯 9月8日晚间，江化微发布公告称，公司于2025年9月8日召开职工代表大会，经与会职工 代表认真审议并表决，选举殷姿女士为公司第五届董事会职工代表董事。 （文章来源：证券日报） ...

证券代码：603078 证券简称：江化微 公告编号：2025-036 | 姓 | 离任 | 离任时 | | | 原定任期 | | 离任原因 | 是否继续在上 市公司及其控 | | 具体职务 | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名 | 职务 | 间 | | | 到期日 | | | 股子公司任职 | | （如适用） | 毕的公开 承诺 | | 殷 | 董事 | 2025年 | 9 | 2026 | 年 | 01 | 公司治理 | 是 | 总 经 | 理 助 | 否 | | 姿 | | 月 8 | 日 | 月 | 日 12 | | 结构调整 | | 理 兼 | 行 政 | | | | | | | | | | | | 管 理 | 中 心 | | | | | | | | | | | | 部长 | | | (一) 提前离任的基本情况 二、选举职工代表董事基本情况 根据《中华人民共和国公司法》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等法律法规、规范性文件及《江阴 ...

北京植德（上海）律师事务所 关于江阴江化微电子材料股份有限公司 2025 年第一次临时股东大会的 法律意见书 植德沪(会)字[2025]0040 号 二〇二五年九月 上海市徐汇区虹桥路 183 号徐家汇中心三期 A 座办公楼 27 层 邮编：200030 27th Floor Tower A, THREE itc, No.183 Hongqiao Road, Xuhui District, Shanghai 200030 P.R.C 电话(Tel)：021-52533500 传真(Fax)：021-52533599 www.meritsandtree.com 法律意见书 植德沪(会)字[2025]0040号 致：江阴江化微电子材料股份有限公司 北京植德（上海）律师事务所（以下简称"本所"）接受江阴江化微电子材 料股份有限公司（以下简称"公司"或"江化微"）的委托，指派律师出席并见 证公司2025年第一次临时股东大会（以下简称"本次会议"）。 本所律师根据《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》" ...