证券代码：603155 证券简称：新亚强 公告编号：2026-006 新亚强硅化学股份有限公司 关于持股 5%以上股东吸收合并全资子公司的公告 重要内容提示： 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个别及连带责任。 ●持股 5%以上股东红塔创新投资股份有限公司（以下简称"红塔创新"） 拟对其全资子公司红塔创新（昆明）创业投资有限公司（以下简称"红塔昆明"） 进行吸收合并，吸收合并后红塔创新持股比例由 7.26%增加至 19.89%，红塔昆 明不再持有公司股份。 ●本次吸收合并不涉及向市场增持或减持公司股份的情形，不会导致公司控 股股东或实际控制人发生变化。 一、本次持股 5%以上股东吸收合并全资子公司的基本情况 新亚强硅化学股份有限公司（以下简称"公司"）近日收到持股 5%以上股 东红塔创新通知，获悉红塔创新拟对其全资子公司红塔昆明进行吸收合并，本次 吸收合并后红塔昆明解散并注销，同时将其持有的公司股份以非交易过户形式转 让给红塔创新。红塔创新作为合并后的存续公司依法承继红塔昆明全部资产、现 存业务、债权债务及其他权利和义务。 ...

Investment Rating - The industry rating is "Outperform the Market," indicating that the overall return of the industry is expected to exceed the market benchmark index by more than 5% in the next 6 months [56]. Core Insights - In January 2026, global semiconductor sales reached $82.5 billion, marking a 46.1% increase compared to January 2025 and a 3.7% increase from December 2025 [4][31]. - The semiconductor price increase trend continues, with major foundries planning to raise prices by up to 10% starting in April 2026 due to rising production costs driven by various factors including supply chain disruptions and raw material price hikes [30]. - The domestic manufacturing upgrade is ongoing, with high standards and high-performance material demands expected to be released gradually, indicating a rapid development potential for the new materials industry [4]. Market Overview - The Wind New Materials Index closed at 5900.37 points, up 0.87% week-on-week. Among the six sub-industries, the semiconductor materials index fell by 2.79%, while the carbon fiber index rose by 26.05% [3][11]. - The top five gainers in the week included Ruifeng High Materials (25.52%), Lianrui New Materials (21.33%), and Huate Gas (15.49%) [26][27]. Recent Industry Highlights - The launch of the full-size humanoid robot PEEK by Huaxiang Qiyuan represents a breakthrough in lightweight, high-endurance, and durable applications, reducing the robot's weight by 5.3 kg [4][35]. - Feikai Materials announced plans to invest in a new production base in Anhui, with a total investment of approximately 1 billion yuan, aimed at expanding its semiconductor materials strategy [35][36].

Investment Rating - The report maintains a "Recommended" rating for the chemical industry [1][28]. Core Insights - The global chemical industry is entering a significant upward cycle driven by anti-involution and AI demand, with China's leading companies benefiting from solid cost and efficiency advantages. The industry is expected to see a substantial increase in free cash flow as capacity expansion slows, transforming companies from cash-consuming entities to cash-generating ones. The upcoming peak season for chemicals is anticipated to enhance profitability, making it crucial to focus on demand, value, and supply dynamics for investment opportunities [3][28]. Summary by Sections Recent Trends - As of March 5, 2026, the Guohai Chemical Prosperity Index stands at 99.35, reflecting a 5.16 increase from February 26, 2026 [1]. Performance Metrics - The basic chemical sector has shown a performance increase of 7.4% over the past month, 23.6% over the past three months, and 50.8% over the past year [4]. Investment Opportunities 1. **Value-Driven Opportunities**: Potential for increased dividend yields in sectors such as coal chemicals (e.g., Hualu Hengsheng, Luxi Chemical), oil refining (e.g., Hengli Petrochemical, Sinopec), pesticides (e.g., Yangnong Chemical), and potassium fertilizers (e.g., Salt Lake Industry) [3]. 2. **Supply-Driven Opportunities**: Focus on domestic anti-involution policies and European capacity exits, with key players including PTA/Polyester (e.g., Xinfengming, Tongkun), glyphosate and organosilicon (e.g., Xingfa Group), and industrial silicon (e.g., Hoshine Silicon) [6]. 3. **Demand-Driven Opportunities**: Highlighting sectors benefiting from large-scale opportunities, including gas turbines (e.g., Zhenhua Group), refrigerants (e.g., Juhua), and energy storage (e.g., Chuanheng) [6]. Key Companies and Earnings Forecasts - The report tracks several key companies with their respective earnings per share (EPS) forecasts for 2024 to 2026, indicating a positive outlook for many, including Dongfang Shenghong, Hubei Yihua, and Wanhua Chemical [29]. Market Observations - The report notes that geopolitical tensions, particularly in the Middle East, are likely to drive oil prices higher, benefiting companies like China National Petroleum and CNOOC, while also increasing costs for petrochemical products [9][13]. Price Trends - Recent price increases have been observed in various chemical products, including MDI and TDI, with significant upward movements in raw material costs due to geopolitical events [14][18]. Conclusion - The chemical industry is positioned for a favorable outlook, driven by structural changes in supply and demand dynamics, with a focus on companies that can leverage these trends for growth and profitability [28].

Investment Rating - The report maintains a "Recommended" rating for the chemical industry [1] Core Insights - The report highlights the solid cost and efficiency advantages of leading Chinese chemical companies, which are entering a long-term upward performance phase. The recovery in demand is expected to sustain the improvement in the performance of supply-constrained sectors. The carbon emission control measures are likely to lead to a re-evaluation of the Chinese chemical industry, with capacity expansion slowing down significantly. This is expected to enhance free cash flow and potential dividend yields for companies, transforming them from cash-consuming entities to cash-generating ones. The report emphasizes the importance of demand, value, and supply in identifying investment opportunities [2][29] Summary by Sections Recent Trends - As of February 26, 2026, the Guohai Chemical Prosperity Index stands at 94.19, reflecting a slight increase of 0.22 from February 19, 2026 [1] Performance Analysis - The basic chemical sector has shown a performance increase of 6.0% over the past month, 26.1% over the past three months, and 52.2% over the past year, significantly outperforming the CSI 300 index [4] Investment Opportunities - **Value-Driven Opportunities**: Companies such as Hualu Hengsheng, Luxi Chemical, and Baofeng Energy are highlighted for their potential dividend rate increases [2] - **Supply-Driven Opportunities**: Companies like Xin Fengming and Tongkun Co. are noted for benefiting from domestic supply constraints and European capacity exits [6] - **Demand-Driven Opportunities**: The report identifies companies in sectors such as gas turbines, refrigerants, and energy storage as key beneficiaries of growing demand [6][7] Key Companies and Earnings Forecast - The report provides a detailed earnings forecast for various companies, indicating a positive outlook for firms like Dongfang Shenghong, Hubei Yihua, and Baofeng Energy, with expected earnings per share (EPS) growth in the coming years [30] Market Dynamics - The report discusses the impact of geopolitical tensions on oil prices, which are expected to rise, benefiting companies like China Petroleum and China National Offshore Oil Corporation. It also notes potential supply shortages in methanol and urea due to disruptions in Iranian production [10][11] Price Trends - Recent price movements include a significant increase in battery-grade lithium carbonate prices, which rose by 19.18% week-on-week, driven by supply constraints and demand recovery [14] Conclusion - The report concludes that the chemical industry is entering a favorable cycle, driven by supply-side constraints and increasing demand, making it an attractive investment area [29]

持股 5%以上股东的基本情况 截至本公告披露日，红塔创新投资股份有限公司（以下简称"红塔创新"） 持有新亚强硅化学股份有限公司（以下简称"公司"）22,928,423 股，占公司总 股本的 7.26%；一致行动人红塔创新（昆明）创业投资有限公司（以下简称"红 塔昆明"）持有公司 39,875,919 股，占公司总股本的 12.63%。红塔创新及其一致 行动人合计持有公司 62,804,342 股，占公司总股本的 19.89%。 截至本公告披露日，孙秀杰女士持有公司 19,517,701 股，占公司总股本的 6.18%。 减持计划的主要内容 证券代码：603155 证券简称：新亚强 公告编号：2026-005 新亚强硅化学股份有限公司 关于持股 5%以上股东减持股份计划的公告 本公司董事会、全体董事及相关股东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： 前述减持价格根据减持时市场价格确定。若减持股份计划实施期间，公司发 生送红股、增发新股或配股、转增股本、股份回购等事项导致股东持股数量或公 司股份总数发生变更的，上述减持股份数量应做 ...

Summary of Key Points Core Viewpoint - Multiple shareholders across various companies are planning to reduce their holdings, indicating potential shifts in investor sentiment and market dynamics. Shareholder Reductions - Xiamen Chentu and its concerted parties plan to reduce holdings by up to 4.027 million shares in Xiaoming Co [1] - Guoxin Jianyuan and Jianxin Investment intend to collectively reduce holdings by up to 26.7516 million shares in Hongsheng Huayuan [1] - Founder Information Industry plans to reduce up to 3% of its shares in Founder Technology [1] - The controlling shareholder of Tongguang Cable intends to reduce up to 3% of its shares [1] - Li Jianwei plans to reduce up to 3.2 million shares in Mengjie Co [1] - Sun Xiujie plans to reduce up to 3% of shares in Xinyaqiang [1] - The controlling shareholder of Galaxy Electronics intends to reduce up to 0.81% of its shares [1] - Guangda Investment and Jingwei Investment plan to collectively reduce 4.6443 million shares in Ningbo Jingda [1] - Haishuo Development and Ningbo Hechuang plan to collectively reduce 1.7156 million shares in Sanboshuo [1] - Youlijia Partnership plans to reduce 5.122 million shares in Pioneer Precision [1] - Qizhong Shiyuan has already reduced 5.8036 million shares in Nanwei Software [1] Financial Performance - Zhixiang Jintai is projected to incur a net loss of 536 million yuan in 2025 [1] - Trina Solar is projected to incur a net loss of 6.994 billion yuan in 2025 [1]

Core Viewpoint - On February 26, Tianhao Energy disclosed its stock repurchase commitment, while ten A-share listed companies announced their plans for share reductions [1][2]. Group 1: Stock Repurchase and Increase - Tianhao Energy has obtained a commitment letter for a special loan for stock repurchase from a full融机构 [2]. Group 2: Share Reduction Announcements - Mengjie Co., Ltd. plans for shareholder Li Jianwei to reduce no more than 0.43% of shares [2]. - Hongsheng Huayuan's shareholders, Guo Xin Jian Yuan and Jianxin Investment, intend to collectively reduce no more than 1% of shares [2]. - Founder Technology's shareholder, Founder Information Industry, plans to reduce no more than 3% of shares [2]. - Tongguang Cable's controlling shareholder, Tongguang Group, and Chairman Zhang Zhong plan to reduce no more than 3.021% of shares [2]. - Wu Zhi Machinery's shareholder, Miao Shilei Qun, intends to reduce no more than 0.11% of shares [2]. - Qusleep Technology's shareholder, Li Liang, plans to reduce no more than 1.4% of shares [2]. - Yinhai Electronics' controlling shareholder, Yinhai Electronics Group Investment Co., Ltd., intends to reduce no more than 0.81% of shares [2]. - Weier Pharmaceutical's shareholder, Shuntai Zonghua, plans to reduce no more than 0.33% of shares [2]. - Shengyi Technology's shareholders, Guangxin Group and Chen Renxi, have completed their reduction plan [2].

Group 1: Acquisition Announcements - Aucma plans to acquire 45% equity of Qingdao Aucma Smart Industry Co., Ltd. for 253 million yuan, aiming to hold 100% ownership post-transaction [1] - Guotou Zhonglu intends to cash purchase 70% equity of Luochuan Lingxian Company for 74.874473 million yuan, with part of the funds allocated for equity purchase and the rest for capital increase [2] Group 2: Earnings Reports - Jinlongyu reported a total revenue of 245.126 billion yuan for 2025, a year-on-year increase of 2.87%, with a net profit of 3.153 billion yuan, up 26.01% [3] - BeiGene announced a total revenue of 38.205 billion yuan for 2025, a 40.4% year-on-year growth, achieving a net profit of 1.422 billion yuan, marking a turnaround from losses [4] - Daqo New Energy reported a total revenue of 4.839 billion yuan for 2025, a decrease of 34.71%, with a net loss of 1.129 billion yuan, compared to a net loss of 2.718 billion yuan in the previous year [5] Group 3: Shareholding Changes - Tongguang Cable's controlling shareholder plans to reduce holdings by up to 14.028 million shares, representing 3% of total shares, while the chairman intends to reduce by up to 98,300 shares, or 0.021% [6] - Xinyaqiang's major shareholders plan to collectively reduce holdings by up to 4%, with specific plans for both major shareholders to sell portions of their stakes [7] - Founder Technology's shareholder plans to reduce holdings by up to 12.8 million shares, representing a maximum of 3% of total shares, due to personal funding needs [8]

Core Viewpoint - On February 26, Tianhao Energy disclosed its stock repurchase commitment, while ten A-share listed companies announced their plans for share reduction, indicating a mixed sentiment in the market [1][3]. Group 1: Stock Buyback and Reduction Announcements - Tianhao Energy has obtained a commitment letter for a stock repurchase from a full融 institution [2]. - The following companies announced share reductions: - Mengjie Co., Ltd.: Shareholder Li Jianwei plans to reduce holdings by no more than 0.43% [5]. - Hongsheng Huayuan: Shareholders Guo Xin Jian Yuan and Jianxin Investment plan to collectively reduce holdings by no more than 1% [5]. - Founder Technology: Shareholder Founder Information Industry plans to reduce holdings by no more than 3% [5]. - Tongguang Cable: Controlling shareholder Tongguang Group and Chairman Zhang Zhong plan to reduce holdings by no more than 3.021% [5]. - Wu Zhi Machinery: Director Lei Qun plans to reduce holdings by no more than 0.11% [5]. - Qusleep Technology: Shareholder Li Liang plans to reduce holdings by no more than 1.4% [5]. - Xinyaqiang: Shareholders Hongta Innovation and Sun Xiujie plan to collectively reduce holdings by no more than 4% [5]. - Galaxy Electronics: Controlling shareholder Galaxy Electronics Group Investment Co., Ltd. plans to reduce holdings by no more than 0.81% [5]. - Weier Pharmaceutical: Shareholder Shuntai Zonghua plans to reduce holdings by no more than 0.33% [5]. - Shengyi Technology: Guangxin Group and Chen Renxi have completed their reduction plan [5]. Group 2: Market Signals - The formation of a MACD golden cross signal indicates a positive trend for certain stocks, suggesting potential upward movement in the market [3].

证券代码：603155 证券简称：新亚强 公告编号：2026-004 新亚强硅化学股份有限公司 关于使用部分闲置募集资金进行现金管理到期赎回 并继续进行现金管理的公告 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： 已履行的审议程序 新亚强硅化学股份有限公司（以下简称"公司"）于 2025 年 4 月 9 日召开第 四届董事会第三次会议、第四届监事会第三次会议，2025 年 4 月 30 日召开 2024 年年度股东大会，2025 年 10 月 29 日召开第四届董事会第六次会议，分别审议 通过了《关于使用部分闲置募集资金进行现金管理的议案》。保荐机构对此事项 发表了无异议的核查意见。 特别风险提示 虽然公司选取投资安全性较高、流动性好、风险性较低，具有合法经营资格 的金融机构销售的现金管理类产品，但金融市场受宏观经济的影响较大，不排除 该项投资受到市场波动的影响，主要面临收益波动、流动性以及投资实际收益不 达预期等风险。 一、投资情况概述 （一）投资目的 （二）投资金额 公司本次现金管理投资金额为 26,00 ...