Core Viewpoint - The company held a half-year performance briefing on September 18, 2025, to provide investors with insights into its performance and future strategies amid market challenges [1][2]. Group 1: Performance and Market Challenges - The company acknowledged that its existing polyether amine products are facing price pressures due to domestic overcapacity, leading to decreased profitability [2][3]. - The company is actively transitioning to new products, including COC, which has begun mass production and is being promoted in various downstream sectors, including medical packaging [2][3]. - The stock performance has been lackluster, with concerns raised about market management and shareholder protection, particularly regarding low-priced placements and stock incentives impacting performance [2][3]. Group 2: Product Development and Future Prospects - The company has developed three models of COC products, primarily targeting mobile camera, automotive HUD, and medical packaging applications [3][5]. - There is ongoing exploration of applications for COC in various fields, including robotics and energy storage, with suggestions for increased development efforts and potential strategic partnerships [5][6]. - The company is in the process of addressing quality issues related to COC products, with improvements reported and ongoing sales [7][8]. Group 3: Investor Engagement and Communication - The company emphasized its commitment to maintaining communication with investors and responding to regulatory calls to enhance shareholder value [2][3]. - The company expressed gratitude for investor participation and support during the briefing, highlighting the importance of transparency and ongoing updates regarding project developments [7][8].

证券代码：603722 证券简称：阿科力 公告编号：2025-073 无锡阿科力科技股份有限公司 关于 2025 年半年度业绩说明会召开情况的公告 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个别及连带责 任。 为使广大投资者更加全面、深入地了解公司2025年半年度业绩情况，根据 上海证券交易所的有关规定，公司于2025年9月18日15:00-16:00在上海证券交易 所上证路演中心平台（网址：http://roadshow.sseinfo.com/）以网络互动方式召开 公司2025年半年度业绩说明会，现将有关情况公告如下： 一、业绩说明会召开情况 公司于2025年9月10日披露了《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》（公告编号：2025-071），并于2025年9月18日 15:00-16:00 在 上 海 证 券 交 易 所 上 证 路 演 中 心 平 台 （ 网 址 ： http://roadshow.sseinfo.com/）以网络互动方式召开公司2025年半年度业绩说明会， 公司董事长、总经 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index in the next six months [4][10][18]. Core Views - The report highlights that the polyether amine industry is currently at a low point, with the company's performance under short-term pressure. However, there is optimism regarding the gradual ramp-up of COC (Cyclic Olefin Copolymer) products in the future [2][9][10]. - The company is actively exploring niche markets and has made progress in its COC production line, which has entered formal production, potentially opening a second growth curve for the company [9][10]. Financial Summary - **Revenue Projections**: The company is expected to generate revenues of 6.08 billion, 11.26 billion, and 16.31 billion yuan from 2025 to 2027, with year-on-year growth rates of 30.3%, 85.3%, and 44.8% respectively [10]. - **Net Profit Projections**: The projected net profits for the same period are 0.17 billion, 1.17 billion, and 2.70 billion yuan, with significant year-on-year growth rates of 185.9%, 593.0%, and 130.5% [10]. - **Earnings Per Share (EPS)**: The EPS is expected to be 0.18, 1.22, and 2.82 yuan for 2025, 2026, and 2027 respectively [10]. - **Price-to-Earnings (P/E) Ratio**: The P/E ratios are projected to be 252.8, 36.5, and 15.8 for the years 2025, 2026, and 2027 respectively [10]. Industry Context - The polyether amine industry is facing intense competition, leading to a decline in both sales volume and price. The report notes that the average selling price of the company's products has decreased, while raw material costs have increased significantly [2][8]. - The company is focusing on expanding its international market presence and enhancing relationships with high-quality clients to mitigate competitive pressures [8][9].

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]