Group 1 - Meibang Technology focuses on the research and production of epoxy propane and downstream polyether polyols, benefiting from a clean production process and stable capacity, which enhances business profitability when epoxy propane prices rise [1][29] - Hongqiang Co., Ltd. produces concrete additives that utilize epoxy propane-derived polyether polyols, allowing for cost transfer to customers when prices rise, while also benefiting from the green building certification and infrastructure investment cycles [2][30] - Weiyuan Co., Ltd. has a large capacity for epoxy propane and integrates its production with other chemicals, which helps mitigate raw material price fluctuations and enhances profitability [3][31] Group 2 - Hongbaoli is a leading supplier of polyurethane insulation materials, with its core product being rigid polyether polyols, directly linked to epoxy propane prices, allowing for price adjustments through long-term agreements [4][32] - Yinuowei relies heavily on epoxy propane for its polyurethane products, maintaining stable relationships with downstream customers and benefiting from the rapid expansion of the new energy sector [5][33] - Yida Co., Ltd. has developed its own epoxy propane production technology and offers a range of solvents, benefiting from the green development policies and enhancing cost control through efficient procurement [6][34] Group 3 - Bohai Chemical leverages its location in the Beijing-Tianjin-Hebei petrochemical cluster to enhance its epoxy propane production, benefiting from regional supply advantages and low-carbon transformation initiatives [7][35] - China Chemical, as a state-owned enterprise, benefits from the rising demand for engineering services related to epoxy propane production, supported by its global project experience and technological capabilities [8][36] - Weixing Chemical has a complete C3 industrial chain layout, with significant cost advantages in epoxy propane production, and is actively expanding into new energy materials [9][36] Group 4 - Huaitai Co. integrates its chemical production with green paper-making concepts, enhancing profitability through the rising prices of epoxy propane while maintaining a focus on sustainable practices [10][38] - Kent Catalysts specializes in catalysts for epoxy propane production, benefiting from the industry's growth and focusing on high-end catalyst development for new energy applications [11][39] - Dongfang Shenghong has a vertically integrated "refining-polyester" chain, leveraging the high demand for epoxy propane to enhance profitability while expanding into photovoltaic materials [12][40]

Group 1 - Kent Catalysts experienced a stock increase of 1.13% on January 19, with a trading volume of 47.45 million yuan [1] - The financing data on January 19 shows a financing buy amount of 3.49 million yuan and a financing repayment of 6.83 million yuan, resulting in a net financing buy of -3.34 million yuan [1] - As of January 19, the total balance of margin trading for Kent Catalysts is 60.08 million yuan, with a financing balance of 59.76 million yuan, accounting for 6.54% of the circulating market value [1] Group 2 - As of September 30, the number of shareholders for Kent Catalysts is 15,800, a decrease of 27.31% from the previous period, while the average circulating shares per person increased by 37.56% to 1,402 shares [2] - For the period from January to September 2025, Kent Catalysts achieved an operating income of 430 million yuan, a year-on-year increase of 0.62%, while the net profit attributable to the parent company was 50.35 million yuan, a decrease of 8.18% year-on-year [2] - Since its A-share listing, Kent Catalysts has distributed a total of 36.16 million yuan in dividends [2]

证券日报网讯 1月19日，肯特催化在互动平台回答投资者提问时表示，截至目前，公司尚无明确的并购 重组计划。未来，公司将持续关注精细化工行业政策导向及市场发展趋势，在聚焦主业、确保风险可控 的前提下，审慎评估包括横向整合、纵向延伸或战略性新兴领域在内的各类发展机会。如有相关进展达 到信息披露标准，公司将严格按照法律法规及时履行公告义务。 （编辑 姚尧） ...

格隆汇1月19日丨肯特催化(603120.SH)在投资者互动平台表示，公司现阶段产品暂未直接应用于航空航 天领域。 ...

格隆汇1月19日丨肯特催化(603120.SH)在投资者互动平台表示，公司现阶段产品暂未直接应用于航空航 天领域。 ...

Core Viewpoint - Kent Catalysts (603120) has received preliminary approval for the environmental assessment of its new material catalyst modification project, which has an annual production capacity of 2,767 tons and a total investment of 4.9 million yuan [1]. Group 1 - The "A-share Green Report" project, launched by Daily Economic News in collaboration with the public environmental research center (IPE), aims to enhance the transparency of environmental information from listed companies [1]. - The project utilizes authoritative environmental regulatory data from 31 provinces and 337 cities to monitor the environmental performance of listed companies and their subsidiaries [1]. - The latest issue of the A-share Green Weekly Report indicated that four listed companies recently exposed environmental risks [1].

Core Viewpoint - Kent Catalysts (603120) has confirmed its compliance with labor laws by providing mandatory social insurance and benefits to employees, including maternity leave and related allowances [1] Group 1 - The company has legally contributed to the "five insurances and one fund" for its employees, which includes maternity insurance [1] - Kent Catalysts adheres to national regulations regarding statutory leave, including maternity leave, paternity leave, and breastfeeding leave [1]

Group 1 - The core viewpoint of the article is that Kent Catalysts (603120) has received safety review approval for its new material catalyst project, which has an annual production capacity of 2,767 tons [1] - The investment amount for the project does not meet the temporary announcement disclosure standards set by the Shanghai Stock Exchange [1] - The company emphasizes its commitment to comply with legal and regulatory information disclosure obligations [1]

Group 1 - Kent Catalysts experienced a stock increase of 1.34% on December 22, with a trading volume of 44.09 million yuan [1] - The financing buy-in amount for Kent Catalysts on the same day was 4.27 million yuan, with a net financing buy-in of 1.55 million yuan [1] - As of December 22, the total balance of margin trading for Kent Catalysts was 51.64 million yuan, with a financing balance of 51.44 million yuan, accounting for 5.68% of the circulating market value [1] Group 2 - As of September 30, the number of shareholders for Kent Catalysts was 15,800, a decrease of 27.31% from the previous period [2] - For the period from January to September 2025, Kent Catalysts achieved an operating income of 430 million yuan, a year-on-year increase of 0.62%, while the net profit attributable to shareholders decreased by 8.18% to 50.35 million yuan [2] - Kent Catalysts has distributed a total of 36.16 million yuan in dividends since its A-share listing [2]

Core Viewpoint - Kent Catalytic Materials Co., Ltd. is utilizing part of its temporarily idle self-owned funds for cash management, amounting to a total of RMB 40 million, to enhance the efficiency of fund usage without affecting daily operational funds and ensuring fund safety [2][5]. Cash Management Overview - The purpose of cash management is to improve the efficiency of self-owned funds while ensuring that daily operational funds are not affected and fund safety is maintained [5]. - The total investment amount for this cash management initiative is RMB 40 million [6]. - The source of funds for this cash management is from the company's temporarily idle self-owned funds [7]. Investment Products and Procedures - The types of investments include collective asset management plans and structured deposit products [3]. - The company held board and supervisory meetings on April 27, 2025, where the proposal for cash management was approved, allowing the use of up to RMB 120 million of idle self-owned funds for cash management [3][9]. Financial Impact - The cash management will not affect the development of the company's main business and is expected to enhance the efficiency of fund usage and cash asset returns, thereby improving overall company profitability [13].