Core Viewpoint - The establishment of a Guangdong branch by the company is driven by its overall development strategy and the need to optimize its domestic market layout, particularly in the important petrochemical hub of South China [2] Group 1: Strategic Development - The Guangdong branch aims to enhance local service capabilities and response speed, thereby solidifying and expanding the company's market presence in South China [2] - This move is expected to improve the company's overall competitiveness by completing its national service network [2] Group 2: Future Outlook - The Guangdong branch will serve as a key support point in the South China region, leveraging existing resources to provide high-quality and efficient technical and service support to clients [2] - The branch will actively seize regional industrial development opportunities, attract local talent, and continuously enhance brand influence to support the company's long-term and stable growth, ultimately creating value for all shareholders [2]

Core Viewpoint - The company is focusing on a transformation towards "specialization, high-end, intelligence, and low-carbon" in its technology research and development, achieving breakthroughs in fine chemicals and new materials [1] Group 1: Technological Advancements - The company has successfully developed several innovative processes by 2025, including sulfur recovery, high-purity isononanoic acid synthesis, hydrazine production via hydrogen peroxide, and ultra-large low-temperature storage tank systems [1] - The company is advancing digital platform construction, including a collaborative design data platform and procurement management software, with its SPPID design solution winning an industry award for digital design [1] Group 2: Market Position and Competitive Advantage - These technological advancements not only reinforce the company's traditional refining technology advantages but also establish new competitive edges in high-end and fine chemical sectors, supporting the expansion into high value-added markets [1] Group 3: Research and Development Strategy - The company has built a comprehensive innovation system driven by market demand and deep integration of production, education, and research, collaborating closely with top research institutions [1] - The future R&D focus will include optimizing oil reduction and chemical processes, enhancing refining and chemical integration efficiency, developing high-end new material processes, and applying digital twin technology [1] Group 4: Sustainable Development Goals - The company aims to extend into green low-carbon emerging fields, continuously strengthening its core competitiveness and sustainable development capabilities through innovation [1]

Core Viewpoint - Zhenhai Co., Ltd. (603637) has experienced a decline in stock price, closing at 11.35 yuan, down 3.98% from the previous week, with a current market capitalization of 2.709 billion yuan, ranking 36th in the professional engineering sector and 4808th in the A-share market [1]. Shareholder Changes - As of January 9, 2026, the number of shareholders for Zhenhai Co. has increased to 12,200, up by 74, or 0.61% from December 19, with an average shareholding of 19,600 shares per account, translating to an average market value of 231,700 yuan per account [3]. Institutional Research Highlights - Zhenhai Co. was established in January 2005 and has over 50 years of experience in the petrochemical engineering sector, focusing on environmental protection, oil quality upgrades, and technological innovation [4]. - The company has a robust cash reserve and plans to prioritize core business operations, seek acquisition opportunities in high-value sectors like new energy and new materials, and enhance the efficiency of fund usage through low-risk financial products [4]. - Zhenhai Co. is actively exploring opportunities in the coal chemical market in regions like Xinjiang and Inner Mongolia, having successfully won bids for projects related to the Tar River Refining Company [5]. - The company maintains a sustainable revenue scale of approximately 500 million yuan, which is expected to remain stable due to its operational model and team size [5]. - The competitive landscape is characterized by three tiers, with Zhenhai Co. positioned in the second tier, relying on specialized technology for differentiation [6]. - The company aims to enhance shareholder returns, with cash dividends projected to increase from 30.11% of net profit in 2022 to 49.09% in 2024 [7]. - Zhenhai Co. is committed to developing a scientific and effective incentive mechanism, including exploring stock option plans to attract and retain key talent [7].

Group 1 - The core point of the article is that Zhenhai Co., Ltd. (603637) reported a total of 12,174 shareholders as of January 9, 2026 [1]

Core Viewpoint - The company has decided to establish a subsidiary in Guangdong to enhance its service network and improve project execution quality in the South China region [1] Group 1: Reasons for Establishing the Subsidiary - The establishment of the Guangdong subsidiary will improve service response efficiency and project implementation quality for key clients in South China, ensuring the smooth execution of existing contracts [1] - It will allow the company to closely engage with the South China petrochemical market, seizing opportunities related to regional industrial upgrades and green development, thereby consolidating its competitive advantages in sulfur recovery and new chemical materials [1] - The subsidiary will facilitate the recruitment of local talent and integration of local resources, enhancing the company's localized service capabilities [1] - It will create synergies with existing branches, further optimizing the national market and service network to support the company's long-term development strategy [1]

证券代码：603637 证券简称：镇海股份 公告编号：2026-001 4、经营范围：凭总公司授权开展经营活动，不超过公司的经营范围（除依 法须经批准的项目外，凭营业执照依法自主开展经营活动） 以上信息均以市场监督管理部门核准登记为准。 镇海石化工程股份有限公司 关于公司设立广东分公司的公告 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。 镇海石化工程股份有限公司(以下简称"本公司")于 2026 年 1 月 9 日召开 第六届董事会第四次会议，审议通过了《关于设立镇海石化工程股份有限公司广 东分公司的议案》。根据《公司章程》及相关规定，本次议案无需提交公司股东 会审议。现将相关事项公告如下： 一、设立分公司的基本情况 1、拟设立分公司名称：镇海石化工程股份有限公司广东分公司 2、分公司性质：股份有限公司分公司 3、营业场所：广东省茂名市（具体地址待定） 设立广东分公司是公司基于战略发展需要作出的重要决策，有利于公司把握 市场机遇，优化业务布局。该事项已履行必要的内部论证程序，不存在法律、法 规限制或禁止的风险。为保证本次设立 ...

Core Viewpoint - The company has decided to establish a subsidiary in Guangdong to enhance its service network and improve project execution quality in the South China petrochemical market [1] Group 1: Reasons for Establishing the Subsidiary - The establishment of the Guangdong subsidiary will improve service response efficiency and project implementation quality for key clients in South China, ensuring the smooth execution of existing contracts [1] - It will allow the company to closely engage with the South China petrochemical market, seizing opportunities for regional industrial upgrades and green development, thereby consolidating its competitive advantages in sulfur recovery and new chemical materials [1] - The subsidiary will facilitate the recruitment of local talent and integration of local resources, enhancing the company's localized service capabilities [1] - It will create synergies with existing branches, further optimizing the national market and service network to support the company's long-term development strategy [1]

Core Viewpoint - The company, Zhenhai Co., Ltd. (603637.SH), has announced the establishment of a branch in Guangdong to enhance regional market expansion and improve service network layout, ensuring high-quality project execution [1] Group 1: Strategic Rationale - The establishment of the Guangdong branch aims to improve service response efficiency and project implementation quality for key clients in South China, ensuring the smooth execution of existing contracts [1] - The new branch will allow the company to closely engage with the South China petrochemical market, seizing opportunities related to regional industrial upgrades and green development, thereby consolidating and expanding its competitive advantages in sulfur recovery and new chemical materials [1] - The branch will facilitate the recruitment of local talent and integration of local resources, enhancing the company's localized service capabilities [1] - The new branch is expected to create synergies with existing branches, further optimizing the national market and service network to support the company's long-term development strategy [1]

Core Viewpoint - The company, Zhenhai Co., Ltd. (603637.SH), has announced the establishment of a branch in Guangdong to enhance regional market expansion and service network layout, ensuring high-quality project execution [1] Group 1: Reasons for Establishing the Branch - The new branch will improve service response efficiency and project implementation quality for key clients in South China, ensuring the smooth execution of existing contracts [1] - It will allow the company to closely engage with the South China petrochemical market, seizing opportunities for regional industrial upgrades and green development, thereby consolidating its competitive advantages in sulfur recovery and new chemical materials [1] - The branch will facilitate the recruitment of local talent and integration of local resources, enhancing localized service capabilities [1] - It will create synergies with existing branches, further optimizing the national market and service network to support the company's long-term development strategy [1]

Core Viewpoint - The company plans to establish a branch in Guangdong Province to enhance regional market expansion and improve competitiveness and efficiency [1] Group 1 - The board of directors will hold a meeting on January 9, 2026, to review the proposal for setting up the Guangdong branch [1] - The branch will operate as a subsidiary of the company, with its business scope authorized by the headquarters and not exceeding the company's overall scope [1] - Although the branch will not have independent legal status, the company will bear the legal responsibilities, aligning with its long-term strategic goals [1]