Group 1: Chemical Industry Performance - The chemical raw materials index increased by 4.45%, the chemical machinery index rose by 2.16%, the chemical pharmaceuticals index grew by 0.94%, and the pesticide and fertilizer index surged by 5.43% during the week of July 21 to 25 [1] - The oil processing index increased by 3.53%, while the oil extraction index decreased by 1.86%, and the oil trading index rose by 1.20% [1] Group 2: Oil Price Trends - As of July 25, the WTI crude oil futures settled at $65.16 per barrel, down 3.24% from July 18, while Brent crude oil futures settled at $68.44 per barrel, down 1.21% from July 18 [1] Group 3: Petrochemical Product Price Changes - The top five petrochemical products with price increases were Vitamin D3 (up 12.12%), battery-grade lithium carbonate (up 11.62%), organic silicon DMC (up 11.61%), raw rubber (up 9.76%), and 107 glue (up 8.33%) [1] - The top five petrochemical products with price decreases were Atrazine (down 14.73%), methyl acrylate (down 9.47%), hydrochloric acid (down 6.32%), cracked carbon nine (down 5.84%), and folic acid (down 5.66%) [1] Group 4: Capital Market Performance of Chemical Companies - The top five performing listed chemical companies were Shangwei New Materials (up 97.37%), Yokogawa Precision (up 64.42%), Poly United (up 52.73%), Gaozheng Mining Explosives (up 39.83%), and Subote (up 31.83%) [2] - The bottom five performing listed chemical companies were Pioneer New Materials (down 11.67%), Dazhongnan (down 9.90%), Qide New Materials (down 9.61%), Yueyang Xingchang (down 9.38%), and Qingdao Jinwang (down 8.50%) [2]

Investment Rating - Industry Rating: Neutral (maintained rating) [6] Core Viewpoints - The report highlights the recent price increases in key chemical products such as soda ash, organic silicon, and MDI, driven by strong demand and supply constraints [1][3] - The basic chemical sector outperformed the Shanghai and Shenzhen 300 index, with a weekly increase of 4.25% compared to 1.69% for the index, indicating a positive market sentiment [4][16] - The report suggests that the industry may be at a cyclical bottom, with a focus on supply-demand marginal changes [5] Summary by Sections Key News Tracking - The National Development and Reform Commission issued a revised method for energy consumption and carbon emission management for fixed asset investment projects, which is expected to enhance energy efficiency reviews [1][13] Product Price Monitoring - Key chemical products saw significant price changes, with organic silicon and TDI prices increasing by 11.6% and 6.8% respectively, while DMF and acetic acid prices decreased by 5.7% and 1.3% [2][26] - The report notes that 85 out of 345 tracked chemical products experienced price increases, while 79 saw declines [26] Sector Performance - The basic chemical sector's weekly performance was strong, with notable increases in synthetic resin (+21.94%), soda ash (+14.45%), and organic silicon (+9.01%) [4][18] - The report lists the top-performing stocks in the basic chemical sector, with significant gains for companies like Shangwei New Materials (+97.37%) and Henghe Precision (+64.42%) [21] Investment Insights - The report recommends focusing on sectors with stable demand and potential for recovery, such as organic silicon and amino acids, while also highlighting companies that may benefit from domestic demand [5][6] - It emphasizes the importance of supply-side reforms and cost factors in pricing strategies to mitigate market volatility [5]

证 券 代 码 ： 6 0 3 9 1 6 证 券 简 称 ： 苏 博 特 公 告 编 号 ： 2 0 2 5 - 0 3 8 转债代码：113650 转债简称：博 22 转债 在不影响公司正常经营和保证资金安全的情况下，为提高资金使用效率，利 用公司闲置募集资金购买保本型现金管理产品，以更好地实现公司现金的保值增 值，保障公司股东的利益。 （二）资金来源及相关情况 现金管理额度及期限：江苏苏博特新材料股份有限公司（以下简称"公 司"）使用总额不超过 3,000 万元人民币（系前次于招商银行南京分行 江宁支行购买的协定存款转换而来）的闲置募集资金进行现金管理，使 用期限至 2025 年 10 月 17 日止。 现金管理投资品种：结构性存款。 履行的审议程序：公司于 2024 年 10 月 25 日召开第七届董事会第六次 会议审议通过了《关于使用闲置募集资金进行现金管理的议案》，同意 公司使用总额不超过 1.6 亿元人民币的闲置募集资金进行现金管理，使 用期限自董事会审议通过之日起十二个月内。在上述额度及有效期内， 资金可循环滚动使用。 江苏苏博特新材料股份有限公司 关于使用部分闲置募集资金进行现金管理的公告 ...

Group 1 - The stock of Subote (603916) experienced a limit down today, with a turnover rate of 18.92% and a trading volume of 1.045 billion yuan, showing a fluctuation of 11.76% [2] - Institutional investors net sold 30.769 million yuan, while the total net selling by brokerage seats amounted to 23.2008 million yuan [2] - The stock was listed on the Shanghai Stock Exchange due to a daily decline deviation of -9.67% [2] Group 2 - In the last five days, the main funds have net outflowed 168 million yuan, with a significant outflow of 140 million yuan from large orders [2] - The latest margin trading data shows a total margin balance of 99.7062 million yuan, with a financing balance of 99.653 million yuan and a securities lending balance of 53,200 yuan [2] - The financing balance increased by 22.8912 million yuan over the last five days, representing a growth of 29.82% [2] Group 3 - For the first quarter, the company reported a revenue of 682 million yuan, reflecting a year-on-year growth of 17.81%, and a net profit of 24.3283 million yuan, up 15.36% year-on-year [3] - The top five brokerage seats for buying and selling on July 25 included major firms such as Guotai Junan Securities and UBS Securities, with significant buy and sell amounts recorded [3]

Group 1 - The hydroelectric concept stocks experienced a significant decline in the afternoon trading session [1] - Huaxin Cement (600801), Subote (603916), and Zhongshe Co. (002883) hit the daily limit down [1] - Shen Shui Guiyuan (301038) and Tie Jian Heavy Industry fell over 14% [1]

Core Viewpoint - The article summarizes significant announcements from various listed companies in the Shanghai and Shenzhen stock markets, providing insights for investors regarding operational changes, financial performance, and potential risks. Group 1: Company Announcements - Zhongjin Gold announced the suspension of operations at its Inner Mongolia mining subsidiary following a tragic incident where six students drowned during a site visit [3] - China Power Construction is involved in the Yarlung Tsangpo River downstream hydropower project, but the long construction cycle introduces uncertainty regarding its future financial impact [4][5] - Su Bote's stock has seen a significant increase, with its rolling P/E ratio at 55.52, well above the industry average of 19.61, prompting a warning about trading risks [6] - Agricultural Bank of China successfully issued a total of 600 billion yuan in secondary capital bonds, with two different maturities and interest rates [7] - Nanjing Xinbai's major assets are under judicial freeze due to liquidity issues faced by its controlling shareholder [8] - Time Space Technology's stock is suspended as the controlling shareholder plans a change in control [9] - Pioneer New Materials and its former controlling shareholder are under investigation by the China Securities Regulatory Commission for information disclosure violations [10] - *ST Wanfang faces risks of change in control as its major shareholder's stock is subject to auction [11] - ST Xia Chuang plans to publicly transfer 20% of its stake in a subsidiary to optimize its asset structure [12] - Saiwei Microelectronics is planning to transfer up to 18% of its shares through an agreement, without affecting control [13] - Hailun Piano's controlling shareholder is set to change, with a new entity becoming the largest shareholder [14] - Yuanli Co. intends to acquire 100% of Tongsheng Co. to enhance its strategic business layout in silica [15][16] - Zhongtung High-tech is focusing on opportunities in the Yarlung hydropower market [17] - Shen Shui Planning Institute is monitoring developments in the Yarlung hydropower project but is not currently involved [18] - *ST Baoying plans to transfer 50.1% of its stake in a subsidiary to optimize resource allocation [19] Group 2: Financial Performance - Zhimingda reported a net profit of 38.298 million yuan for the first half of 2025, a year-on-year increase of 2147.93% [20] - Leshan Electric Power's net profit for the first half of 2025 was 7.9031 million yuan, down 14.55% year-on-year, attributed to new pricing policies and increased costs [21][22] - Sainuo Medical expects a net profit of 13.84 million yuan for the first half of 2025, a 296.54% increase year-on-year, driven by strong sales of its coronary stent products [23] - China Haisong reported a net profit of 152 million yuan for the first half of 2025, up 8.52% year-on-year [24] Group 3: Shareholding Changes - Beitaini's shareholder plans to reduce its stake by up to 2% [25] - Yaoji Technology's controlling shareholder intends to reduce their stake by up to 3% [26] - Adit's major shareholder plans to reduce their stake by up to 3% [27] - Zhonghuan Environmental Protection's specific shareholder did not execute its planned share reduction [31] - Zhangyue Technology's major shareholder plans to reduce their stake by up to 3% [37] Group 4: Buybacks and Financing - Gaon Environment plans to repurchase shares worth between 100 million and 150 million yuan [38] - Quanzhu Co. intends to raise no more than 180 million yuan through a private placement for AI-related projects [39]

Group 1 - Su Bote's latest rolling P/E ratio is 55.52 and P/B ratio is 1.28, significantly higher than the industry averages of 19.61 and 0.81 respectively [3] - Agricultural Bank completed the issuance of 600 billion yuan in secondary capital bonds, with two types: 400 billion yuan fixed-rate bonds at 1.92% for 10 years and 200 billion yuan fixed-rate bonds at 2.12% for 15 years [4] - Nanjing Xinbai's major assets are frozen due to liquidity debt crisis faced by its controlling shareholder, but the company's operations remain normal [5] - Time Space Technology's stock is suspended as the controlling shareholder is planning a change in control [6] - Pioneer New Materials and its former controlling shareholder are under investigation by the CSRC for information disclosure violations, but it will not adversely affect the company's operations [7] - *ST Wan Fang's major shareholder's stock auction was canceled, indicating ongoing risks of control change [8] Group 2 - Zhimingda reported a net profit of 38.298 million yuan for the first half of 2025, a year-on-year increase of 2147.93% [10] - Leshan Electric's net profit for the first half of 2025 was 7.9031 million yuan, a decrease of 14.55% year-on-year, attributed to new pricing policies and increased costs [12] - Sainuo Medical expects a net profit of 13.84 million yuan for the first half of 2025, a year-on-year increase of 296.54%, driven by increased sales of coronary stents and balloons [13] Group 3 - Zhongqi New Materials' subsidiary signed a mining rights transfer contract, increasing the mining production capacity from 20 million tons/year to 40 million tons/year [15] - Zhonghuan Environmental Protection's major shareholder did not execute its planned share reduction of up to 15.0583 million shares by the deadline [17] - Zhangyue Technology plans to reduce its holdings by up to 438,900 shares, not exceeding 1% of the total share capital [18]

证券代码：6 0 3 9 1 6 证券简称：苏博特 公告编号：2 0 2 5 - 0 3 7 转债代码：113650 转债简称：博 22 转债 江苏苏博特新材料股份有限公司 股票交易风险提示公告 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。 江苏苏博特新材料股份有限公司（以下简称"公司"）股票于 2025 年 7 月 21 日、2025 年 7 月 22 日、2025 年 7 月 23 日连续 3 个交易日内收盘价格涨幅偏 离值累计达 20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易 异常波动情况，公司于 2025 年 7 月 24 日披露了《股票交易异常波动公告》 （2025-036）。 三、关于热点概念的澄清 经公司自查，公司没有需要澄清或回应的媒体报道或市场传闻。 公司郑重提醒广大投资者，有关公司信息以在上海证券交易所网站 （www.sse.com.cn）和公司指定信息披露媒体上刊登的相关公告为准，敬请广大 投资者理性投资、注意投资风险。公司将按照有关法律和法规的要求，认真履行 信息披露义务，及时、 ...

Core Points - The stock of Subote has reached a limit-up for four consecutive trading days, with a current price of 13.99 yuan and a total market capitalization of 60.52 billion yuan [2] - During the consecutive limit-up period, the stock has increased by 46.49% with a cumulative turnover rate of 1.34% [2] - The latest margin trading data shows a margin balance of 66.68 million yuan, with a financing balance of 66.63 million yuan, reflecting a decrease of 1.79 million yuan or 2.62% from the previous trading day [2] - The stock has been listed on the Dragon and Tiger list twice due to significant trading activity, with institutional investors net selling 3.25 million yuan while other trading desks net bought 36.77 million yuan [2] Financial Performance - In the first quarter, the company reported total operating revenue of 682 million yuan, representing a year-on-year growth of 17.81%, and a net profit of 24 million yuan, up 15.36% year-on-year [2] Recent Stock Performance - The stock's daily performance over the past week shows significant fluctuations, with notable increases of 10.03%, 9.99%, and 10.05% on July 23, 22, and 21 respectively, alongside varying turnover rates and net capital inflows [2]

Group 1 - The hydroelectric concept stocks have shown significant divergence, with companies like Tibet Tianlu (600326), Poly United (002037), Subote (603916), and Zhejiang Fu Holdings (002266) achieving four consecutive trading limit ups [1] - Conversely, Huhua Co., Ltd. (003002) has seen a decline of over 8%, while Jiangnan Chemical (002226) and Dayu Water-saving (300021) have both dropped by more than 7% [1]