Investment Rating - The report maintains an "Overweight" rating for the basic chemical industry [1][9]. Core Viewpoints - The basic chemical index outperformed the CSI 300 index by 2.93 percentage points, with a weekly increase of 2.50% compared to a decrease of 0.43% for the CSI 300 [3][15]. - Key sub-industries showing significant gains include potassium fertilizer (10.66%), fluorochemicals (7.24%), phosphorus fertilizer and phosphorus chemicals (6.60%), organic silicon (5.85%), and non-metallic materials III (3.75%) [16][19]. - The report highlights a positive trend in the vitamin market, with prices for Vitamin A and E increasing due to proactive price hikes by major producers, leading to heightened market activity [6][9]. Summary by Sections Market Trends - The basic chemical index increased by 2.50% over the past week, outperforming the CSI 300 index [15]. - The top-performing sub-industries included potassium fertilizer, fluorochemicals, and phosphorus chemicals [16]. Chemical Product Price Trends - The top five products with the highest weekly price increases were hydrochloric acid (Shandong) at 57.14%, NYMEX natural gas at 24.85%, concentrated nitric acid at 9.68%, and domestic vitamins E and A at 8.70% and 6.67% respectively [24][28]. - The products with the largest weekly price declines included POM (injection) at -14.06%, international butadiene at -11.64%, and coal tar at -7.29% [24][25]. Investment Recommendations - The report suggests focusing on several key sectors: refrigerants, chemical fibers, tire manufacturing, and agricultural chemicals, with specific companies highlighted for potential investment [9][45]. - Notable companies to watch include Jinshi Resources, Juhua Co., and Wanhu Chemical among others [9][45].

Core Points - The stock price of Yashi Chuangneng increased by 2.10% on November 4, reaching 8.28 CNY per share, with a trading volume of 1.18 billion CNY and a market capitalization of 35.49 billion CNY [1] - The company has seen a year-to-date stock price increase of 28.97%, with a 46.55% increase over the past 20 days [1] Financial Performance - For the period from January to September 2025, Yashi Chuangneng reported a revenue of 397 million CNY, a year-on-year decrease of 76.97%, and a net profit attributable to shareholders of -311 million CNY, a year-on-year decrease of 1574.20% [2] - Cumulative cash dividends since the company's A-share listing amount to 233 million CNY, with 50.81 million CNY distributed over the past three years [3] Business Overview - Yashi Chuangneng, established on February 13, 2009, and listed on September 28, 2017, specializes in functional architectural coatings, integrated thermal insulation materials, energy-saving insulation materials, waterproof materials, and their application systems [2] - The company's main revenue sources include functional architectural coatings (55.53%), energy-saving materials (29.43%), and waterproof materials (5.79%) [2]

Core Points - The stock of Asia Creative Energy (603378) experienced a limit down today, with a trading volume of 1.09 billion yuan and a turnover rate of 3.13% [2] - The stock was listed on the Shanghai Stock Exchange due to a daily decline deviation of -10.54%, with a net sell of 2.35 million yuan from brokerage seats [2] - The company reported a significant decline in revenue for the first three quarters, achieving 397 million yuan, a year-on-year decrease of 76.97%, and a net loss of 311 million yuan [3] Trading Activity - The top buying brokerage was GF Securities with a purchase amount of 4.97 million yuan, while the top selling brokerage was Guotou Securities with a selling amount of 6.99 million yuan [3] - Over the past six months, the stock has appeared on the trading list five times, with an average price increase of 0.01% the day after being listed and an average decline of 10.45% in the following five days [2] Fund Flow - Today, the stock saw a net outflow of 1.66 million yuan in main funds, with large orders contributing to a net outflow of 1.60 million yuan [2] - In the last five days, the main funds experienced a net inflow of 24.87 million yuan [2]

New Stock Issuance - New stock for Beikang Testing (920160) issued at a price of 6.70 on November 3, 2025[1] - New stock for Danna Biology (920009) issued at a price of 17.10 on November 3, 2025[1] Market Alerts - ST Zhongdi (000609) announced significant abnormal fluctuations on October 30, 2025[1] - Jiangbolong (301308) reported severe abnormal fluctuations on October 30, 2025[1] - Xiangnan Chip (300475) disclosed abnormal fluctuations on October 24, 2025[1] - Shangtai Technology (001301) announced abnormal fluctuations on November 3, 2025[1] - Hainan Development (002163) reported abnormal fluctuations on November 3, 2025[1] - Zhongrui Co., Ltd. (002374) disclosed abnormal fluctuations on November 3, 2025[1] - Fujian Jinsen (002679) announced abnormal fluctuations on November 3, 2025[1] - Yongxing Materials (002756) reported abnormal fluctuations on November 3, 2025[1] - Xinhongze (002836) disclosed abnormal fluctuations on November 3, 2025[1] - Guocheng Mining (000688) announced abnormal fluctuations on November 3, 2025[1]

Core Points - The stock of Asia Creative Energy (603378) experienced a limit down today, with a turnover rate of 9.78% and a trading volume of 389 million yuan, showing a fluctuation of 11.65% [2] - The stock was listed on the Shanghai Stock Exchange due to a daily decline deviation of -9.18%, with a net selling amount of 3.29 million yuan from brokerage seats [2] - The company reported a significant decline in revenue for the first three quarters, achieving 397 million yuan, a year-on-year decrease of 76.97%, and a net profit of -311 million yuan [2] Trading Activity - The top five brokerage seats accounted for a total transaction amount of 109 million yuan, with a buying amount of 52.64 million yuan and a selling amount of 55.93 million yuan, resulting in a net selling of 3.29 million yuan [2] - The largest buying brokerage was UBS Securities with a purchase amount of 16.35 million yuan, while the largest selling brokerage was Guotai Junan Securities with a selling amount of 21.24 million yuan [2] - The stock saw a net outflow of 22.28 million yuan in main funds today, with a significant outflow of 24.46 million yuan from large orders, while small orders saw a net inflow of 2.18 million yuan [2] Financial Performance - The company’s financial report for the third quarter indicated a drastic drop in revenue and a negative net profit, highlighting potential concerns regarding its financial health [2]

Core Viewpoint - The article highlights the significance of the Chengyu · Tonghua Li project in Hefei as a pioneering smart rental housing initiative in Anhui province, emphasizing its role in providing affordable housing and contributing to urban development and talent attraction [4][24]. Project Overview - The Chengyu · Tonghua Li project is located at the intersection of Tongcheng South Road and Gaotie Road in Hefei, covering a total construction area of 61,072.32 square meters, which includes three rental residential buildings, one commercial facility, and an underground garage [4]. - Upon completion, the project will offer 606 units of affordable rental housing, marking it as the first smart rental housing project in Anhui province [4]. Awards and Recognition - The project has received multiple accolades, including being recognized as a national safety production standardization base and a model project for smart residential construction in Hefei [4]. Waterproofing Solutions - The total waterproofing area for the project is approximately 50,000 square meters, covering roofs, basements, and interiors [5]. - Asta Waterproofing is the sole supplier of waterproof materials for the project, adhering to high-quality standards and contributing to the overall waterproof design [6]. Advantages of Pre-applied Self-adhesive Waterproofing System - The pre-applied self-adhesive waterproofing system is noted for its strong adaptability and ease of construction, allowing application on damp surfaces and reducing construction time and costs [8][10]. - The system ensures durability and structural stability by forming a complete waterproofing system that effectively prevents moisture penetration [9]. Environmental Considerations - The construction method is environmentally friendly, utilizing cold application techniques that eliminate fire hazards and harmful emissions, aligning with national green building standards [11][24]. Construction Key Points - Key construction steps include thorough cleaning and repair of the base layer, reinforcement of weak points, and careful installation of waterproofing membranes to ensure integrity and longevity [15][18][21].

Core Viewpoint - As of October 30, 2025, institutional investors hold a total of 215 million shares of Yashi Chuangneng (603378.SH), representing 50.11% of the company's total equity, indicating a slight decline in institutional ownership compared to the previous quarter [1] Institutional Holdings - Six institutional investors have disclosed their holdings in Yashi Chuangneng, with a combined ownership of 215 million shares, accounting for 50.11% of the total share capital [1] - The proportion of shares held by institutional investors has decreased by 1.31 percentage points compared to the previous quarter [1] Public Fund Holdings - In the current period, 26 public funds have not disclosed their holdings, including notable funds such as Guotai CSI All Share Construction Materials ETF and others [1]

Core Viewpoint - The company Yashichuangneng (SH 603378) reported a significant decline in revenue and a substantial net loss for the third quarter of 2023, indicating financial distress in the current market environment [1]. Financial Performance - For the first three quarters of 2023, the company's revenue was approximately 397 million yuan, representing a year-on-year decrease of 76.97% [1]. - The net profit attributable to shareholders of the listed company was a loss of approximately 311 million yuan [1].

Core Viewpoint - The company, Asia Creative Energy, announced that its stock price has deviated significantly, with a cumulative increase of over 20% in the last three trading days, indicating unusual trading activity [1] Summary by Sections - **Stock Performance** - The stock price of Asia Creative Energy has shown a cumulative increase of over 20% within three consecutive trading days, which is classified as abnormal stock trading behavior [1] - **Company Response** - Following the unusual trading activity, the company conducted a self-examination and consulted with its controlling shareholder and actual controller, confirming that there are no undisclosed significant matters as of the date of the announcement [1]

会议通知及资料已于 2025 年 10 月 25 日以电话、电子邮件或专人送达的方 式发出。本次会议由董事长李金钟先生主持，应出席董事 7 名，实际出席董事 7 名，本次会议的召集、召开符合《中华人民共和国公司法》和《公司章程》的有 关规定。 二、董事会会议审议情况 证券代码：603378 证券简称：亚士创能 公告编号：2025-064 亚士创能科技（上海）股份有限公司 第五届董事会第十四次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 亚士创能科技（上海）股份有限公司(以下简称"公司")第五届董事会第十 四次会议于 2025 年 10 月 29 日以现场结合通讯表决的方式召开。 经与会董事认真审议，会议表决通过了如下议案： 亚士创能科技（上海）股份有限公司董事会 2025 年 10 月 31 日 求。具体详见公司在上海证券交易所网站（www.sse.com.cn）披露的《关于独立 董事、高级管理人员辞职的公告》（公告编号：2025-061）。 为了完善公司治理结构，根据《上市公司治 ...