Core Viewpoint - Qianjiang is positioning itself as a new hub for semiconductor materials, demonstrating a strong commitment and clear path towards developing high-tech industries [1] Group 1: Industry Development - During the 14th Five-Year Plan, Qianjiang is constructing a three-in-one development system comprising an industrial ecosystem, technological innovation chain, and green circular chain to lead the industry towards high-end, intelligent, and green transformation [1] - The successful hosting of the "Central and Western Semiconductor Materials Industry Development Matching Conference" in Qianjiang attracted representatives from various semiconductor industry associations and leading enterprises, indicating a strategic focus on regional collaboration and innovation [1][2] - Qianjiang is recognized as a key supporting demonstration base within Hubei Province's trillion-yuan "Optoelectronic Information" industrial cluster, becoming a new engine for semiconductor materials development in Central and Western China [1][2] Group 2: Resource and Infrastructure - Qianjiang has a solid industrial foundation with abundant resources, including over 200 million tons of oil reserves, 790 billion tons of rock salt, and approximately 3.09 million tons of lithium resources, which support its transition to semiconductor materials [2] - The city has established a comprehensive circular chemical system covering various sectors, including petrochemicals and fine chemicals, which provides a robust support for upgrading to electronic-grade chemicals and semiconductor materials [2] - The park features modern infrastructure, including a comprehensive utility corridor, specialized wastewater treatment facilities, and a solid waste treatment center, ensuring a conducive environment for industry growth [3] Group 3: Business Environment and Policy Support - Qianjiang's complete industrial chain supply is a major attraction, with stable annual supplies of 800 million cubic meters of hydrogen and 25,000 tons of caustic soda, among other key materials [3] - The local government has designated Qianjiang as the only "Optoelectronic Information" industrial supporting demonstration base in the Wuhan metropolitan area, providing significant policy support and investment through the Yangtze (Qianjiang) Industrial Fund [3] - The city promotes a "zero fee" policy for industrial projects and offers comprehensive lifecycle services, fostering a business-friendly environment that encourages enterprise development [3] Group 4: Industry Growth and Future Plans - Qianjiang aims to establish itself as a "Central and Western Semiconductor Materials Industry Base," focusing on attracting projects related to polishing materials, photoresists, and electronic specialty gases [6] - The city is accelerating the construction of an electronic semiconductor materials analysis and testing center and is closely monitoring 32 projects in the optoelectronic information industry, which are expected to generate a total output value of 21.5 billion yuan upon full production [6] - Qianjiang is actively promoting the transformation of traditional chemicals into high-end fine chemicals, aiming to cluster semiconductor materials industries and develop new productive forces tailored to local conditions [6]

投资者可于 2025 年 09 月 11 日(星期四)至 09 月 17 日(星期三)16:00 前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 zq@chinaacryl.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 证券代码：603722 证券简称：阿科力 公告编号：2025-071 无锡阿科力科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： 会议召开时间：2025 年 09 月 18 日(星期四)下午 15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 如有特殊情况，参会人员可能进行调整。 无锡阿科力科技股份有限公司（以下简称"公司"）已于 2025 年 08 月 28 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度的经营成果、财务状况，公 ...

证券代码：603722 证券简称：阿科力 公告编号：2025-072 无锡阿科力科技股份有限公司 关于使用闲置自有资金及募集资金进行委托理财到 期赎回并使用闲置自有资金进行委托理财的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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 带法律责任。 重要内容提示： ●委托理财受托方：中国光大银行无锡分行 ●委托理财金额：人民币 5,000.00 万元 ●委托理财产品名称：2025 年挂钩汇率对公结构性存款定制第九期产品 120 ●委托理财期限：90 天 ●履行的审议程序：无锡阿科力科技股份有限公司第四届董事会第十四次会 议、第四届监事会第十四次会议、2024 年第二次临时股东大会审议通过了《关 于使用闲置自有资金进行委托理财的议案》，公司对最高额度不超过 20,000 万 元的闲置自有资金进行委托理财，在确保不影响公司日常运营的情况下在股东大 会审议通过之日起 12 个月内滚动使用，并授权公司总经理在上述额度内组织实 施。具体内容详见公司于 2024 年 10 月 26 日在《上海证券报》、《证券时报》、 《金融时报 ...

Group 1 - The core viewpoint of the news is that Akolyi's stock price has declined by 5.01% to 44.70 CNY per share, with a total market capitalization of 4.368 billion CNY as of the report date [1] - Akolyi Technology Co., Ltd. is located in Wuxi, Jiangsu Province, and was established on July 8, 1999, with its listing date on October 25, 2017 [1] - The company's main business involves the research, production, and sales of chemical new materials, including polyether amines, optical-grade polymer materials, and specialty epoxy resins [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Xiangcai holds Akolyi as a significant investment, with 2,100 shares representing 2.65% of the fund's net value [2] - The fund, Xiangcai New Energy Quantitative Selection Mixed A, has a total scale of 2.723 million CNY and has achieved a year-to-date return of 31.63% [2] - The fund managers have varying tenures and performance records, with the best return during their tenure reaching 61.83% for one manager [2]

Group 1 - The core viewpoint of the news is that Akolyi's stock price has declined by 5.03%, currently trading at 46.08 CNY per share, with a total market capitalization of 4.503 billion CNY [1] - Akolyi, established on July 8, 1999, and listed on October 25, 2017, specializes in the research, production, and sales of chemical new materials, including polyether amines and specialty epoxy resins [1] - The company's main business revenue composition is as follows: 59.70% from fatty amines, 40.01% from optical materials, and 0.29% from other sources [1] Group 2 - From the perspective of fund holdings, one fund under Galaxy Fund has a significant position in Akolyi, with the Galaxy Core Advantage Mixed A fund reducing its holdings by 13,800 shares in the second quarter [2] - The Galaxy Core Advantage Mixed A fund holds 111,100 shares of Akolyi, representing 5.8% of the fund's net value, making it the fourth-largest holding [2] - The fund has experienced a floating loss of approximately 271,100 CNY today [2] Group 3 - The fund manager of Galaxy Core Advantage Mixed A is Li Yifan, who has been in the position for 2 years and 128 days [3] - The total asset size of the fund is 88.9919 million CNY, with the best fund return during Li's tenure being -6.89% and the worst being -7.78% [3]

Group 1 - The core viewpoint of the news is that Akole's stock has shown volatility with a year-to-date increase of 14.08%, but a recent decline of 15.34% over the past five trading days [1] - As of September 5, Akole's stock price was 47.80 yuan per share, with a total market capitalization of 4.671 billion yuan [1] - The company has experienced a net inflow of main funds amounting to 665,200 yuan, with significant selling pressure observed [1] Group 2 - Akole's main business involves the research, production, and sales of chemical new materials, including polyether amines and optical-grade polymer materials [1] - The revenue composition of Akole's main business is 59.70% from fatty amines, 40.01% from optical materials, and 0.29% from other sources [1] - As of June 30, the number of shareholders decreased by 4.46%, while the average circulating shares per person increased by 13.91% [2] Group 3 - For the first half of 2025, Akole reported an operating income of 214 million yuan, a year-on-year decrease of 11.63%, and a net profit attributable to shareholders of -5.3112 million yuan, a decrease of 367.84% [2] - Since its A-share listing, Akole has distributed a total of 198 million yuan in dividends, with 53.5388 million yuan distributed in the last three years [3]

Core Viewpoint - Acolyte (603722) experienced a significant decline of 7.99% in its stock price, with a trading volume of 3.92 billion yuan and a turnover rate of 7.84% on the day of reporting [2] Trading Activity - The stock was listed on the Shanghai Stock Exchange due to a daily price deviation of -8.45%, with institutional investors net buying 20.40 million yuan [2] - The top five trading departments had a total transaction volume of 129 million yuan, with buying transactions amounting to 50.47 million yuan and selling transactions totaling 78.97 million yuan, resulting in a net selling of 28.50 million yuan [2] - Among the trading departments, one institutional special seat was noted, which net bought 20.40 million yuan [2] Fund Flow - The stock saw a net outflow of 22.92 million yuan in principal funds, with a significant outflow of 24.60 million yuan from large orders, while smaller orders saw a net inflow of 1.68 million yuan [2] - Over the past five days, the net inflow of principal funds amounted to 39.54 million yuan [2] Financial Performance - According to the semi-annual report released on August 28, the company achieved a total revenue of 214 million yuan in the first half of the year, representing a year-on-year decline of 11.63%, and reported a net loss of 5.31 million yuan [2]

Market Performance - The chemical products sector increased by 0.37% on September 1, with *ST Jintai leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Top Gainers in Chemical Sector - *ST Quantai (300225) closed at 5.79, up 12.21% with a trading volume of 366,800 shares and a turnover of 204 million yuan [1] - Kangda New Materials (002669) closed at 15.46, up 10.04% with a trading volume of 305,700 shares [1] - Jianye Co. (603948) closed at 32.09, up 10.01% with a trading volume of 25,800 shares [1] - Dinglong Technology (603004) closed at 24.42, up 10.00% with a trading volume of 78,100 shares [1] - Zanyu Technology (002637) closed at 12.02, up 9.97% with a trading volume of 154,400 shares [1] Top Losers in Chemical Sector - Akole (603722) closed at 51.95, down 7.99% with a trading volume of 75,000 shares and a turnover of 392 million yuan [2] - Jiabiyou (688089) closed at 27.36, down 5.07% with a trading volume of 122,100 shares [2] - Andyshi (66ZOO9) closed at 10.07, down 4.82% with a trading volume of 271,400 shares [2] Capital Flow Analysis - The chemical products sector experienced a net outflow of 361 million yuan from institutional investors, while retail investors saw a net inflow of 243 million yuan [2][3] - Kangda New Materials (002669) had a net inflow of 1.21 billion yuan from institutional investors, but a net outflow of 55.12 million yuan from retail investors [3] - Zanyu Technology (002637) had a net inflow of 61.87 million yuan from institutional investors, with a net outflow of 32.00 million yuan from retail investors [3]

Group 1: Metal Sector - Luoyang Molybdenum's net profit forecast for 2025 is 168.65 billion CNY, with a PE ratio of 15.32[12] - The company expects to increase copper production to 70,000 tons in 2025, a 56% year-on-year growth[14] - The strategic partnership with CATL aims to enhance lithium and nickel resource acquisition, contributing over 70% to gross profit[17] Group 2: Cement Sector - Huaxin Cement's domestic sales are projected to decline from 5,004,000 tons in 2023 to 4,078,000 tons in 2025, while overseas sales are expected to grow to 2,017,000 tons[30] - The company aims for a net profit of 19.58 billion CNY from overseas operations by 2026, reflecting a 25% increase from 2025[30] Group 3: Logistics Sector - Eastern Airlines Logistics' revenue from the US market accounts for 20%-30%, with a 5% decline in comprehensive freight rates due to tariff policies[32] - The company is adjusting its route structure to improve performance in the European market, anticipating a recovery in the second half of the year[32] Group 4: Chemical Sector - Wanhua Chemical's net profit is expected to recover as MDI prices stabilize, with a projected increase in demand from the furniture industry[50] - The company is positioned to benefit from a tightening supply of TDI, with prices expected to remain high through 2027[50] Group 5: Power Sector - Changjiang Electric Power's EPS forecast for 2025 is 1.38 CNY, with a PE ratio of 20.26, supported by a commitment to maintain a dividend payout ratio of no less than 70%[74] - The company plans to repurchase shares worth 4-8 billion CNY, reflecting confidence in its future growth[74]

Core Viewpoint - The company reported a significant decline in revenue and net profit for the first half of 2025, indicating financial challenges despite its focus on new material development [1][5]. Financial Performance - In the first half of 2025, the company achieved revenue of 214 million yuan, a year-on-year decrease of 11.63% [1] - The net profit attributable to shareholders was -5.31 million yuan, a year-on-year decline of 367.84% [1] - The non-recurring net profit attributable to shareholders was -7.03 million yuan, a year-on-year decrease of 2234.31% [1] - In Q2 2025, revenue was 108 million yuan, down 22.27% year-on-year but up 2.03% quarter-on-quarter [1] - The net profit attributable to shareholders in Q2 was -485,200 yuan, a year-on-year decline of 161.27% but a reduction in losses compared to the previous quarter [1] Business Focus and Market Position - The company specializes in the research and production of new materials, including polyether amines and optical-grade polymer materials, with applications in wind turbine blades, shale gas extraction, automotive coatings, and optical lenses [2] - It is a leading domestic producer of polyether amines and is actively developing cyclic olefin copolymers (COC/COP), aiming to fill a market gap in high-transparency materials in China [2][3] COC Market Potential - COC is a high-transparency material with superior optical properties and high technical barriers in production, with current domestic production being non-existent and reliant on imports [3] - The company has the highest designed production capacity and has completed laboratory-level synthesis and verification, positioning itself to become the first listed company in China to mass-produce COC/COP [3] - The existing demand and potential market capacity for COC are maturing, with significant price advantages expected to broaden application fields and increase consumption demand [4] Product Development and Testing - The company is conducting downstream testing for its COC products, with three varieties developed and tested by two partners in different fields [4] - A thousand-ton production line is in trial production, with products meeting customer requirements ready for further validation [4] - The AkzoNobel project in Qianjiang is progressing steadily, with polyether amines and high-heat-resistant resin projects nearing trial production [4] Future Profit Projections - The company is projected to achieve net profits of 2 million yuan, 230 million yuan, and 430 million yuan for the years 2025 to 2027, with corresponding PE ratios of 2489.4X, 23.3X, and 12.6X based on the closing price on August 29, 2025 [5]