Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Views - The chlor-alkali industry is experiencing a recovery in profitability, driven by a tightening supply of glyphosate and glufosinate, leading to price increases [4][20] - The "anti-involution" policy is expected to be a key focus in 2025 and beyond, aiming to optimize the competitive landscape in the chemical industry [26] Summary by Sections Industry Trends - The chemical industry index outperformed the CSI 300 index by 1.1% this week, with 76.7% of the 545 tracked stocks showing weekly gains [17] - The average price of glyphosate increased to 26,399 CNY/ton, a rise of 0.37% from the previous week, while glufosinate also saw a price increase [21][22] Key Products Tracking - Urea and potassium chloride prices have risen, while phosphorite and phosphates remain stable [52] - The average price of urea reached 1,780 CNY/ton, up 0.62% from the previous week, driven by improved market sentiment [52][54] Recommended and Beneficiary Stocks - Recommended stocks include leading chemical companies such as Wanhua Chemical, Hualu Hengsheng, and Hengli Petrochemical [6][26] - Beneficiary stocks include companies like Jiangshan Co., Ltd. and Hebei New Chemical Materials [24][27]

资料显示，昆明苏材新材料科技有限公司成立于2025年5月12日，法定代表人为俞寅辉，注册资本100万 人民币，公司位于昆明市，新材料技术研发、新材料技术推广服务、专用化学产品制造（不含危险化学 品）、新型建筑材料制造（不含危险化学品）、建筑材料销售。（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）。 工商信息显示，近日，江苏 苏博特 新材料 股份有限公司出资100万元成立昆明苏材新材料科技有限公 司，持股100%，所属行业为化学原料和化学制品制造业。 ...

金融界消息 截至2025年7月31日收盘，苏博特（603916）报收于11.43元，下跌3.71%，换手率7.77%， 成交量32.66万手，成交金额3.76亿元。 资金流向方面，今日主力资金净流出3720.16万元，占比成交额9.89%。其中，超大单净流出2387.16万 元、占成交额6.34%，大单净流出1333.00万元、占成交额3.54%，中单净流出流出2008.83万元、占成交 额5.34%，小单净流入5729.00万元、占成交额15.22%。 苏博特最新一期业绩显示，截至2025一季报，公司营业总收入6.82亿元、同比增长17.81%，归属净利润 2432.83万元，同比增长15.36%，扣非净利润2185.30万元，同比增长6.86%，流动比率2.051、速动比率 1.868、资产负债率41.78%。 天眼查商业履历信息显示，江苏苏博特新材料股份有限公司，成立于2004年，位于南京市，是一家以从 事通用设备制造业为主的企业。企业注册资本42030.8798万人民币，实缴资本4000万人民币。公司法定 代表人为毛良喜。 通过天眼查大数据分析，江苏苏博特新材料股份有限公司共对外投资了26家企业，参与 ...

苏博特最新一期业绩显示，截至2025一季报，公司营业总收入6.82亿元、同比增长17.81%，归属净利润 2432.83万元，同比增长15.36%，扣非净利润2185.30万元，同比增长6.86%，流动比率2.051、速动比率 1.868、资产负债率41.78%。 天眼查商业履历信息显示，江苏苏博特新材料股份有限公司，成立于2004年，位于南京市，是一家以从 事通用设备制造业为主的企业。企业注册资本42030.8798万人民币，实缴资本4000万人民币。公司法定 代表人为毛良喜。 资金流向方面，今日主力资金净流出1479.81万元，占比成交额2.94%。其中，超大单净流出371.47万 元、占成交额0.74%，大单净流出1108.34万元、占成交额2.2%，中单净流出流出318.47万元、占成交额 0.63%，小单净流入1798.28万元、占成交额3.57%。 金融界消息 截至2025年7月30日收盘，苏博特（603916）报收于11.87元，下跌1.58%，换手率9.95%， 成交量41.81万手，成交金额5.04亿元。 来源：金融界 通过天眼查大数据分析，江苏苏博特新材料股份有限公司共对外投资了26家企业 ...

- The report aims to track large purchases and net active purchases using transaction detail data[1] - The indicators used are the proportion of large order transaction amounts and the proportion of net active purchase amounts[7] - The proportion of large order transaction amounts reflects the buying behavior of large funds[7] - The proportion of net active purchase amounts reflects the active buying behavior of investors[7] - The top 5 stocks with the highest average proportion of large order transaction amounts over the past 5 days are: Sobute, China Railway Industry, Tibet Tianlu, Poly United, and China Power Construction[4][9] - The top 5 stocks with the highest average proportion of net active purchase amounts over the past 5 days are: Weixing Co., HNA Holdings, Kaili Medical, Liaogang Co., and Hengyi Petrochemical[4][10] - The top 5 industries with the highest average proportion of large order transaction amounts over the past 5 days are: Banking, Real Estate, Petroleum and Petrochemical, Transportation, and Coal[4] - The top 5 industries with the highest average proportion of net active purchase amounts over the past 5 days are: Media, Textile and Apparel, Computers, Electronics, and Light Manufacturing[4] - The top 5 ETFs with the highest average proportion of large order transaction amounts over the past 5 days are: China Agricultural Theme ETF, E Fund CSI 300 Medical and Health ETF, Huabao CSI Medical ETF, Bosera SSE STAR 100 ETF, and Guotai CSI Livestock Breeding ETF[4][15] - The top 5 ETFs with the highest average proportion of net active purchase amounts over the past 5 days are: Penghua CSI Subdivision Chemical Industry Theme ETF, GF SSE STAR 50 ETF, Harvest CSI Rare Metals Theme ETF, E Fund Guozheng Robotics Industry ETF, and Harvest CSI Software Services ETF[4][16]

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]