Core Viewpoint - The company is involved in a legal dispute concerning a construction contract, with a final judgment reached in the second instance, which will not significantly impact its financial performance or operations. Summary by Sections Litigation Status - The case is currently in the second instance, with a judgment already rendered [1] - The company, through its subsidiaries, is the appellant in the case [1] Amount Involved - The amount involved in the second instance judgment is approximately 26,097,889.91 yuan, excluding additional costs related to supplementary appraisals [2] - The judgment includes a penalty of 800,000.00 yuan to be paid by the plaintiff, Nantong Changcheng Construction Group Co., Ltd. [2] Impact on Financials - The final judgment is not expected to have a significant adverse effect on the company's current or future profits, as provisions have already been made in the financial statements for 2023 and 2024 [2][6] - The company will adjust its accounting treatment based on the execution of the judgment and the results confirmed by the auditing firm [6] Basic Information on the Lawsuit - The lawsuit was initiated by Nantong Changcheng, seeking payment for construction costs and penalties totaling 20,606,460.00 yuan [2] - The company and its subsidiaries submitted a response and counterclaim in April 2022 [2] Progress of the Lawsuit - The company received a civil judgment requiring its subsidiaries to pay compensation and interest to Nantong Changcheng [4] - The judgment includes specific amounts to be paid by the subsidiaries, with interest calculated based on the prevailing market rates [4][5]

证券代码：688199 证券简称：久日新材 公告编号：2025-037 天津久日新材料股份有限公司 关于控股子公司及控股孙公司涉及诉讼的进展公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 案件所处的诉讼阶段：二审已判决。 公司所处的当事人地位：天津久日新材料股份有限公司（以下简称公司） 控股子公司大晶信息化学品（徐州）有限公司（以下简称大晶信息）以及大晶信息 的全资子公司晶虹生物化学（徐州）有限公司（以下简称晶虹生物）和科利生物科 技（徐州）有限公司（以下简称科利生物）、公司的控股孙公司徐州大晶新材料科 技集团有限公司（控股子公司天津久日半导体材料有限公司的全资子公司，以下简 称大晶新材）为上诉人（原审被告、反诉原告）。 2022 年 3 月 26 日，公司控股子公司大晶信息及控股孙公司晶虹生物、科利生 物和大晶新材收到江苏省邳州市人民法院送达的关于原告南通长城以建设工程施 工合同纠纷为由起诉公司控股子公司大晶信息及控股孙公司晶虹生物、科利生物和 大晶新材的《民事起诉状》等相关材料，南通长城请求法院判 ...

Core Viewpoint - The 2025 TrendBank Lithography Industry Conference aims to address the challenges and advancements in lithography technology, materials, and equipment, focusing on enhancing domestic capabilities and self-sufficiency in the semiconductor industry [21][29][30]. Group 1: Conference Overview - The conference will take place on July 9-10, 2025, in Hefei, Anhui, at the Sheraton Hotel [20]. - It will feature over 20 speakers from the lithography industry, covering advanced lithography technologies, photoresists, and wet electronic chemicals [22]. - The event will include academic discussions and a combination of conference and exhibition formats to foster industry collaboration [23]. Group 2: Key Topics of Discussion - The conference will explore the latest research and application prospects of cutting-edge lithography technologies, including EUV, electron beam lithography, and nanoimprint [21]. - It will analyze the current state and technical bottlenecks of domestic photoresists, wet electronic chemicals, and masks, aiming to improve self-sufficiency and quality [21]. - Discussions will also focus on the challenges and solutions related to the localization of lithography equipment, including development, manufacturing processes, and market conditions [21]. Group 3: Industry Challenges - The domestic high-end photoresist self-sufficiency rate is low, with significant gaps in R&D and production technology compared to international standards [28]. - There is a reliance on imports for high-purity and specialty wet electronic chemicals, which poses supply constraints [28]. - The high-precision manufacturing technology for masks is challenging, with key raw materials primarily imported, and the rapid repair and update technology needing improvement [28]. Group 4: Strategic Importance - The lithography technology is crucial for semiconductor manufacturing, directly impacting chip performance, integration, and production costs [28]. - The conference aims to enhance the autonomous capabilities of the lithography technology and related industries in response to global geopolitical tensions affecting the semiconductor supply chain [29].

关于参与发起设立股权投资基金暨关联交易的进展公告 证券代码：688199 证券简称：久日新材 公告编号：2025-036 天津久日新材料股份有限公司 1 管理人名称：天津瑞兴投资管理有限公司 托管人名称：上海浦东发展银行股份有限公司 备案日期：2025 年 6 月 30 日 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、准确性和完整性依法承担法律责任。 一、合作投资暨关联交易概述 天津久日新材料股份有限公司（以下简称公司）于 2025 年 2 月 27 日召开第五 届董事会第十九次会议、第五届监事会第十八次会议，审议通过《关于参与发起设 立股权投资基金暨关联交易的议案》，同意公司作为有限合伙人与天津瑞兴投资管 理有限公司（以下简称瑞兴投资）和深圳市达武创投有限公司（以下简称达武创投） 共同投资设立天津市瑞武贰号股权投资基金合伙企业（有限合伙）（以下简称瑞武 贰号）。瑞武贰号目标募集规模为 5,000.00 万元，其中公司拟认缴出资 1,900.00 万元，在瑞武贰号中占比 38.00%。具体内容详见公司于 2025 年 2 月 28 日披露于 上海证券交 ...

Group 1 - The A-share photolithography concept stocks have become active again, with Kaimeteqi hitting the daily limit up, indicating strong market interest [1] - Blue Eagle Equipment rose by 7%, reflecting positive sentiment in the sector [1] - Other companies such as Zhongci Electronics, Xuguang Electronics, and Jiuri New Materials also experienced gains, suggesting a broader rally in the photolithography-related stocks [1]

Investment Rating - The report maintains an "Outperform" rating for the basic chemical industry [2] Core Viewpoints - The supply-demand relationship is expected to improve, with a recovery in the market for photoinitiators. China is the main producer of photoinitiators, and the industry is becoming increasingly concentrated among leading companies. The demand for photoinitiators is anticipated to rise due to the expansion of UV curing applications [5][29] - The price of sustainable aviation fuel (SAF) has been rising, indicating a potential phase of simultaneous volume and price increases. The recent increase in SAF prices is attributed to China's announcement of an export whitelist and quotas, leading to increased inquiries from European buyers [30][31] Summary by Sections 1. Core Viewpoints - The report highlights the expected improvement in the supply-demand dynamics for photoinitiators, with China being a key player in production and export [5][29] - The report suggests that the price of photoinitiators, which has been at historical lows, is likely to recover due to expanding applications in high-end sectors [5][29] - SAF prices have increased significantly, with European prices reaching 2230 USD/ton, reflecting a 9.85% weekly increase and a 25.14% monthly increase [30][31] 2. Overall Performance of the Chemical Sector - The basic chemical industry index increased by 3.1% during the week, outperforming the Shanghai Composite Index by 1.2% [16] - Year-to-date, the basic chemical industry index has risen by 6.4%, outperforming both the Shanghai Composite Index and the ChiNext Index [16] 3. Individual Stock Performance in the Chemical Sector - Among 424 stocks in the basic chemical sector, 372 stocks rose, with the top performers including Dadongnan (+50%) and Taihe Technology (+48.1%) [25][27] - The report notes significant declines in stocks such as Ningxin New Materials (-18.6%) and Jinniu Chemical (-14.4%) [25][27] 4. Key News and Company Announcements - The report emphasizes the recovery potential for photoinitiators and the rising SAF prices as significant developments in the industry [29][30]

Core Viewpoint - The company Jiuri New Materials (688199.SH) announced a share reduction plan by its board member and financial director due to personal funding needs, with specific details on the number of shares to be sold and the timeline for the reduction [1][2]. Group 1: Share Reduction Plan - Board member Kou Fuping plans to reduce his holdings by up to 37,250 shares, representing 0.0231% of the total share capital, during the period from July 22, 2025, to October 21, 2025 [1]. - Financial director Ma Xiuling intends to reduce her holdings by up to 61,696 shares, accounting for 0.0383% of the total share capital, within the same timeframe [1]. Group 2: Company Financial Performance - In 2024, the company reported revenue of 1.488 billion yuan, a year-on-year increase of 20.52%, but a net loss attributable to shareholders of 53.76 million yuan, an improvement from a loss of 96.14 million yuan in the previous year [2]. - For Q1 2025, the company achieved revenue of 356 million yuan, a slight decline of 0.15% year-on-year, with a net loss attributable to shareholders of 10.52 million yuan, compared to a loss of 4.39 million yuan in the same period last year [3]. Group 3: Initial Public Offering and Fundraising - Jiuri New Materials was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on November 5, 2019, issuing 27.81 million shares at a price of 66.68 yuan per share, raising a total of approximately 1.854 billion yuan [3]. - The net proceeds from the IPO amounted to approximately 1.709 billion yuan, exceeding the original plan by 113.87 million yuan, intended for various projects including the construction of a production facility [3]. Group 4: Equity Distribution - The company announced a capital reserve distribution plan, where shareholders will receive 4.9 additional shares for every 10 shares held, with no cash dividends or bonus shares distributed [4].

Core Viewpoint - The announcement details the share reduction plans of two senior executives at Tianjin Jiuri New Materials Co., Ltd., highlighting their reasons for selling shares and the specific amounts involved [1][2]. Summary by Sections 1. Basic Information on Shareholding - As of the announcement date, Director Kou Fuping holds 149,000 shares, representing 0.0924% of the total share capital, while CFO Ma Xiuling holds 246,786 shares, representing 0.1531% of the total share capital [1][3]. - The shares were acquired prior to the company's IPO and through the 2023 annual profit distribution and capital reserve conversion plan, both being unrestricted circulating shares [1][3]. 2. Share Reduction Plans - **Kou Fuping's Plan**: Plans to reduce holdings by up to 37,250 shares (0.0231% of total shares) through centralized bidding from July 22, 2025, to October 21, 2025, due to personal financial needs [1][4]. - **Ma Xiuling's Plan**: Plans to reduce holdings by up to 61,696 shares (0.0383% of total shares) through centralized bidding during the same period, also due to personal financial needs [2][4]. 3. Shareholding Source and Commitments - Both executives' shares were obtained prior to the IPO and through other means, including the capital reserve conversion plan [3][4]. - They have made prior commitments regarding shareholding, including a lock-up period and limits on the percentage of shares that can be sold annually [5][6]. 4. Compliance and Regulations - The share reduction plans comply with relevant laws and regulations, including the Securities Law and guidelines from the Shanghai Stock Exchange [8].

Metal Sector - China Hongqiao's net profit forecast for 2024 is CNY 223.72 billion, with a PE ratio of 6.78[12] - Luoyang Molybdenum's net profit forecast for 2025 is CNY 167.43 billion, with a PE ratio of 10.42[12] Building Materials Sector - China National Materials' net profit forecast for 2025 is CNY 18.54 billion, with a PE ratio of 16.65[12] - Keda Manufacturing's net profit forecast for 2025 is CNY 17.24 billion, with a PE ratio of 10.82[12] - Three Trees' revenue compound growth rate from 2015 to 2018 was approximately 33%[40] Transportation Sector - SF Holding's net profit forecast for 2025 is CNY 117.44 billion, with a PE ratio of 20.58[12] - The company has seen a significant increase in daily package handling, reaching an average of 166 packages per courier in 2024[56] Chemical Sector - Yara International's net profit forecast for 2025 is CNY 22.52 billion, with a PE ratio of 12.30[12] - Ba Tian's net profit forecast for 2025 is CNY 12.84 billion, with a PE ratio of 7.59[12] Financial Performance - The overall net profit for Keda Manufacturing is projected to reach CNY 19.0 billion by 2026, with a significant increase in overseas revenue contributing to growth[31]

证券代码：688199 证券简称：久日新材 公告编号：2025-035 天津久日新材料股份有限公司 董事、高级管理人员减持股份计划公告 本公司董事会、全体董事及相关股东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、准确性和完整性依法承担法律 责任。 重要内容提示： 董事、高级管理人员持股的基本情况 截至本公告披露日，天津久日新材料股份有限公司（以下简称公司）董事寇 福平先生持有公司股份 149,000 股，占公司总股本的 0.0924%；公司财务总监马 秀玲女士持有公司股份 246,786 股，占公司总股本的 0.1531%。前述股份来源为 公司首次公开发行股票并上市前取得的股份及公司实施 2023 年年度利润分配暨 资本公积金转增股本方案取得的股份，均为无限售流通股。 减持计划的主要内容 （一）公司董事寇福平先生因自身资金需求，计划以集中竞价交易方式减持 公司股份不超过 37,250 股，即减持不超过公司总股本的 0.0231%，不超过其可 减持股份数的 25%，减持期间为 2025 年 7 月 22 日至 2025 年 10 月 21 日（根据 中国证券监督管理委员会及上 ...