Core Viewpoint - The groundbreaking ceremony for the bioenergy project of Excellence New Energy (Thailand) Co., Ltd., a subsidiary of Excellence New Energy (688196), was held in Thailand, marking a significant step in the company's international development strategy [1] Group 1: Project Overview - The bioenergy project aims to utilize local resources such as kitchen waste oil and palm fatty acid oil to produce 300,000 tons of biodiesel and 100,000 tons of HVO (Hydrotreated Vegetable Oil) / SAF (Sustainable Aviation Fuel) annually [1] - The project will be implemented in two phases, with the first phase focusing on the construction of the biodiesel production line, followed by the HVO/SAF production line [1] Group 2: Market and Supply - The products from this project will primarily supply markets in Europe, North America, and Southeast Asia, targeting aviation, maritime, and land transportation sectors [1] Group 3: Strategic Goals - The project is part of the company's core strategic initiative for internationalization, aiming to accelerate the development of bioenergy technology and contribute to the global vision of achieving carbon neutrality [1]

Core Viewpoint - The major shareholder of Zhuoyue New Energy, Longyan Zhuoyue Investment Co., Ltd., plans to reduce its shareholding by up to 3,815,722 shares, representing a maximum of 3% of the company's total share capital, to optimize the capital structure and enhance stock liquidity [1][2]. Shareholder Reduction Plan - Longyan Zhuoyue Investment Co., Ltd. currently holds 58,500,000 shares, accounting for 45.99% of Zhuoyue New Energy's total share capital of 127,190,795 shares [1]. - The planned reduction will occur through two methods: a block trade of up to 2,543,815 shares and a centralized bidding method of up to 1,271,907 shares [2][3]. - The reduction period is set from February 3, 2026, to May 3, 2026, excluding any periods prohibited by the China Securities Regulatory Commission and the Shanghai Stock Exchange [2][3]. Financial Implications - Based on the closing price of 70.25 yuan on January 12, 2023, the total cash amount from the planned reduction is approximately 268 million yuan [4]. - Zhuoyue New Energy was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on November 21, 2019, with a total fundraising amount of 1.288 billion yuan and a net amount of 1.201 billion yuan after expenses [4]. - The company plans to invest 736 million yuan of the raised funds into projects, including 561 million yuan for a biodiesel production project and 100 million yuan for working capital [4]. Historical Fundraising - Since its listing, Zhuoyue New Energy has raised a total of 1.588 billion yuan through two fundraising rounds [6].

Industry Investment Rating - The industry investment rating is "Outperform" and is maintained [2] Core Views - The basic chemical industry index closed at 4569.80 points, up 4.21% from last week, outperforming the CSI 300 index by 2.35% [17] - Among the 25 sub-industries in the chemical sector, all showed gains, with inorganic salts, modified plastics, synthetic resins, and chlor-alkali leading the way with weekly increases of 10.92%, 9.94%, 7.87%, and 7.60% respectively [18][19] - A total of 462 stocks in the chemical sector saw 400 stocks rise (87%) and 57 stocks fall (12%) during the week [21] Summary by Relevant Sections Weekly Chemical Market Overview - The basic chemical industry index rose to 4569.80 points, marking a 4.21% increase compared to the previous week, and outperformed the CSI 300 index by 2.35% [17] - The weekly performance of 25 sub-industries showed no declines, with significant gains in inorganic salts and modified plastics [18][19] Chemical Product Price Trends - Among 380 tracked chemical products, 89 saw price increases while 70 experienced declines [24] - The top ten products with the highest price increases included lithium manganate and lithium battery electrolytes, with increases ranging from 7% to 22% [25] - Conversely, the top ten products with the largest price declines included vitamin VD3 and lithium hexafluorophosphate, with declines ranging from 4% to 13% [26] Key Chemical Sub-Industry Tracking - The polyester filament market remained stable, with average prices for POY, FDY, and DTY showing slight declines [27] - The average industry operating rate for polyester filament was approximately 88.11%, with some facilities undergoing maintenance [28] - The average processing margin for polyester products indicated a slight improvement in profitability compared to the previous week [29] Tire Industry Insights - The operating rates for the full steel tire industry decreased to 55.50%, while the semi-steel tire industry dropped to 63.78% [38] - Export volumes from major tire companies in Southeast Asia showed significant year-on-year declines [39] - The average price of styrene-butadiene rubber increased by approximately 2.45% during the week [40] Refrigerant Market Overview - The R22 refrigerant market remained weak, with prices stabilizing at low levels due to cautious market sentiment [47] - In contrast, the R134a refrigerant market continued to rise, with major producers increasing prices amid tight supply conditions [48]

Summary of Key Points Core Viewpoint - Multiple shareholders across various companies are planning to reduce their stakes, indicating potential shifts in ownership and investor sentiment in the market [1]. Shareholder Reductions - Hengxuan Technology: Shareholders including Ningbo Yibifu plan to reduce their holdings by up to 1.50% [1]. - Guoxin Technology: Industry fund shareholders intend to reduce their stakes by up to 2.37% [1]. - Qusleep Technology: Shareholder Kuanzhai Cultural plans to reduce holdings by no more than 1.98% [1]. - Xinwei Communication: General Manager Peng Hao aims to reduce his stake by up to 1% [1]. - Guoanda: Shareholder Hong Junlong plans to reduce his holdings by up to 1.2761% [1]. - Zhuoyue New Energy: Controlling shareholders intend to reduce their stakes by up to 3.00% [1]. - Haibo Heavy Industry: Actual controller Zhang Haibo plans to reduce his stake by up to 3% [1]. - Sanyou Medical: Shareholders Xu Nong and Liu Mingyan plan to reduce their holdings by up to 2.00% [1]. - Saifen Technology: Multiple shareholders intend to reduce their stakes by up to 6% [1]. - Fangyuan Shares: Shareholder Betterry plans to reduce holdings by no more than 510.17 million shares [1]. - Qiutian Micro: Beihai Chengyu plans to reduce holdings by up to 0.83% [1]. - Diaoda Shares: Controlling shareholders plan to reduce their stakes by up to 3% [1]. - Maidi Technology: Shareholder Weng Kang plans to reduce holdings by 520.29 million shares [1]. Other Notable Events - *ST Yanshi: The company's stock may face delisting [1]. - Jin Yi Technology: The company has terminated the issuance of shares to specific targets and signed relevant termination agreements [1].

Summary of Key Points Core Viewpoint - On January 12, several companies disclosed their shareholding changes, with notable increases in shareholdings from 恒实科技 and 奥锐特, while 16 A-share listed companies announced share reductions [1][2]. Group 1: Shareholding Increases - 恒实科技's controlling shareholder, 新基集团, plans to increase its stake by 1.5% to 3% [2]. - 奥锐特 intends to adjust its share repurchase price ceiling to no more than 35 yuan per share [2]. Group 2: Shareholding Reductions - 立中集团's five executives plan to reduce their holdings by no more than 0.0642% [2]. - 钧达股份's second largest shareholder, 控股股东锦迪科技, intends to reduce its stake by no more than 3% [2]. - 南兴股份's controlling shareholder, 南兴投资, has reduced its holdings by a total of 366,900 shares as of January 12 [2]. - 中国核建's second largest shareholder reduced its holdings by 7,866,600 shares from January 7 to 9, bringing its stake down to 10% [2]. - 天银机电's largest shareholder, 澜海瑞兴, reduced its holdings by 1,245,300 shares on January 12 [2]. - 信维通信's actual controller and chairman, 彭浩, plans to reduce his stake by no more than 1% [2]. - 中电港's fourth largest shareholder recently reduced its holdings by 7,596,900 shares, bringing its stake below 5% [2]. - 佰维存储's second largest shareholder, 国家集成电路基金二期, plans to reduce its stake by no more than 2% [2]. - 青木科技's largest and third largest shareholders recently reduced their holdings by a total of 1,937,400 shares [2]. - 长芯博创's shareholders plan to reduce their holdings by no more than 2.55% [2]. - 趣睡科技's shareholders plan to reduce their holdings by no more than 2.6% [2]. - 卓越新能's controlling shareholder, 龙岩卓越投资, plans to reduce its stake by no more than 3% [2].

Group 1: Company Buybacks - Hengshi Technology's controlling shareholder, New Base Group, plans to increase its stake by 1.5%-3% [1][2] - Aorite intends to adjust the maximum repurchase price of its shares to no more than 35 yuan per share [2] Group 2: Company Sell-offs - Lichong Group's five executives plan to reduce their holdings by no more than 0.0642% of the company's shares [2] - Junda Co., the second-largest shareholder, intends to reduce its stake by no more than 3% [2] - Nanxing Co. has reduced its holdings by a total of 3.669 million shares as of January 12 [2] - China Nuclear Engineering's second-largest shareholder reduced its holdings by 7.8666 million shares from January 7 to 9, lowering its stake to 10% [2] - Tianyin Machinery's largest shareholder, Lanhai Ruixing, reduced its holdings by 1.2453 million shares on January 12 [2] - XW Communication's actual controller and chairman, Peng Hao, plans to reduce his stake by no more than 1% [2] - Aerospace Development's controlling and fourth-largest shareholders reduced their holdings during periods of significant stock price fluctuations [2] - Tianfu Communication's senior management has completed a reduction of 80,000 shares [2] - Zhongdian Port's fourth-largest shareholder recently reduced its holdings by 7.5969 million shares, bringing its stake below 5% [2] - Baiwei Storage's 20th largest shareholder, the National Integrated Circuit Fund Phase II, plans to reduce its stake by no more than 2% [2] - Qingmu Technology's largest and third-largest shareholders have recently reduced their holdings by a total of 1.9374 million shares [2] - Changxin Bochuang's shareholders plan to reduce their holdings by no more than 2.55% [2] - Qusleep Technology's shareholders plan to reduce their holdings by no more than 2.6% [2] - Zhuoyue New Energy's controlling shareholder, Longyan Zhuoyue Investment, plans to reduce its stake by no more than 3% [2]

Group 1 - Baiwei Storage's second largest shareholder, the National Integrated Circuit Fund Phase II, plans to reduce its stake by no more than 2% of the company's shares, equating to approximately 934.26 million shares [1][6] - Rongbai Technology expects a net loss of 150 million to 190 million yuan for 2025, but anticipates turning a profit in the fourth quarter with an estimated net profit of around 30 million yuan [8] - Yongxi Electronics plans to invest no more than 2.1 billion yuan in building an integrated circuit packaging and testing production base in Malaysia, which will account for approximately 13.68% of the company's total assets [9][10] Group 2 - Zhenyou Technology reported that revenue from the satellite internet sector accounted for about 7.15% of its total revenue in the first three quarters of 2025, indicating a low impact on overall performance [4] - Aerospace Hongtu stated that its main business is still in the satellite application stage, with no significant changes in market conditions or internal operations [5] - Ligong Navigation noted that its business planning in the commercial aerospace application field is still in the early stages, with revenue of approximately 154,400 yuan for the first nine months of 2025 [7] Group 3 - Zhongke Xingtou highlighted that its stock price increase is not supported by actual performance in the commercial aerospace sector, with related revenue accounting for 13.89% of total revenue [7] - Xinkai Mobile reported that its revenue from the satellite internet sector is approximately 2% to 3% of total revenue, which does not significantly impact overall performance [12] - Huayin Technology is focusing on special functional materials and exploring business opportunities in the aerospace sector, but the contribution of these products to revenue remains uncertain [16]

Group 1 - The core point of the article is that Zhuoyue New Energy (688196.SH) announced that its controlling shareholder, Longyan Zhuoyue Investment Co., Ltd., plans to reduce its shareholding by up to 3% of the total share capital, which amounts to a maximum of 3.8157 million shares [1] Group 2 - The reduction will be executed through block trading and centralized bidding methods to optimize the capital structure and enhance the liquidity of the company's stock [1]

Group 1 - The core point of the article is that Zhuoyue New Energy (688196.SH) announced that its controlling shareholder, Longyan Zhuoyue Investment Co., Ltd., plans to reduce its shareholding by up to 3% of the total share capital, which amounts to a maximum of 3.8157 million shares, through block trading and centralized bidding to optimize the capital structure and enhance stock liquidity [1] Group 2 - The reduction in shareholding is aimed at improving the company's stock liquidity [1] - The method of share reduction includes both block trading and centralized bidding [1] - The total number of shares to be reduced does not exceed 3% of the company's total share capital [1]

拟于减持计划公告披露之日起15个交易日之后的3个月内（根据中国证监会及上海证券交易所规定禁止 减持的期间除外）通过集中竞价交易方式减持公司股份不超过1,271,907股，且任意连续90日内减持总数 不超过公司总股本的1.00%。减持价格根据减持时的市场价格确定。 拟于减持计划公告披露之日起15个交易日之后起的3个月内（根据中国证监会及上海证券交易所规定禁 止减持的期间除外）通过大宗交易减持公司股份不超过2,543,815股，且任意连续90日内减持总数不超过 公司股份总数的2.00%。 格隆汇1月12日丨卓越新能(688196.SH)公布，控股股东龙岩卓越投资有限公司出于优化股本结构、释放 公司股票流动性考虑，拟通过大宗交易和集中竞价方式减持公司股份不超过3,815,722股，不超过公司总 股本的3.00%，具体如下： ...