Core Viewpoint - The company, Ruilian New Materials, plans to invest 80 million yuan in the construction of the Pucheng Haitai high-performance optoelectronic materials industrialization project, utilizing part of the remaining fundraising from its liquid crystal project [2][4][6]. Group 1: Project Overview - The project will be implemented by Ruilian New Materials' wholly-owned subsidiary, Pucheng Haitai, leveraging the existing 311 workshop, which has completed structural and decorative engineering [4]. - The total planned investment for the project is 80 million yuan, focusing on equipment procurement and installation, as well as necessary public utilities and auxiliary service facilities [6]. - Upon completion, the project will produce OLED sublimation precursor materials, addressing the growing market demand in the OLED display industry [6]. Group 2: Market Position and Strategy - Ruilian New Materials aims to capitalize on the continuous growth of the OLED display market, as the current production capacity is insufficient to meet business development needs [6]. - As a leading company in the domestic OLED sublimation precursor materials sector, it is essential for Ruilian to plan and layout production capacity in advance to better seize industry opportunities and meet core customer procurement needs [6]. - The successful implementation of this fundraising investment project will help Ruilian expand its market share, deepen its business layout in related sectors, and enhance its profitability and market presence [6].

国泰海通证券股份有限公司 关于西安瑞联新材料股份有限公司使用已终止募投项目部 分剩余募集资金投资建设新项目的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为 西安瑞联新材料股份有限公司（以下简称"瑞联新材"或"公司"）首次公开发 行股票并在科创板上市的持续督导保荐机构，根据《证券发行上市保荐业务管理 办法》《上市公司募集资金监管规则》《上海证券交易所科创板上市公司自律监管 指引第 1 号——规范运作》及《上海证券交易所上市公司自律监管指引第 11 号 ——持续督导》等有关规定，对公司使用已终止募投项目部分剩余募集资金投资 建设新项目的事项进行了核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意西安瑞联新材料股份有限公司首次公 开发行股票注册的批复》（证监许可[2020]1582 号）同意注册，公司向社会公开 发行人民币普通股（A 股）股票 1,755.00 万股，每股发行价为人民币 113.72 元， 募集资金总额为人民币 1,995,786,000 元，各项发行费用金额（不含税）人民币 151,750,132.76 元，扣除发行费用后的募集资金净额为人 ...

证券代码：688550 证券简称：瑞联新材 公告编号：2026-013 西安瑞联新材料股份有限公司 关于使用部分剩余募集资金投资建设蒲城海泰高性 能光电材料产业化项目的公告 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、准确性和完整性依法承担法律责任。 重要内容提示 项目建设周期：本项目核心建设内容包含生产设备的购置与安装，以及配套 生产所需的供水、供电等公用工程及辅助服务设施建设，预计整体建设周期为 9 个月。 投资金额及资金来源：项目总投资为 8,000.00 万元，资金来源为公司已终止 募投项目部分剩余募集资金（以下简称"募集资金"）。 本次投资事项不构成关联交易，亦不构成《上市公司重大资产重组管理办法》 规定的重大资产重组。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意西安瑞联新材料股份有限公司首次公 开发行股票注册的批复》（证监许可[2020]1582 号）同意注册，公司向社会公开 发行人民币普通股（A 股）股票 1,755.00 万股，每股发行价为人民币 113.72 元， 募集资金总额为人民币 1,995,786,000 元，各 ...

证券代码：688550 证券简称：瑞联新材 公告编号：2026-014 西安瑞联新材料股份有限公司 关于增加 2026 年日常性关联交易预计的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 是否需要提交股东会审议：是 日常关联交易对公司的影响：西安瑞联新材料股份有限公司（下称"公 司"）的日常关联交易符合公司业务经营和发展的需要，遵循客观公正、平等自 愿、互惠互利的原则，对公司的经营和发展均具有积极意义；公司与关联方的交 易是在公开、公平、公正的基础上按市场化方式进行，交易符合公平自愿原则， 交易价格参照市场价格，定价公允，结算时间和方式合理，不存在损害公司及全 体股东特别是中小股东利益的情形；相关关联交易不会影响公司的独立性，公司 主要业务不会因此形成对关联方的依赖，不存在损害公司及中小股东利益的情况。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 1、独立董事专门会议审议情况 2026年3月23日，公司召开第四届董事会独立董事第三次专门会议，审议通 过了《关于增加2026年日常性关联 ...

西安瑞联新材料股份有限公司 关于召开2026年第二次临时股东会的通知 证券代码：688550 证券简称：瑞联新材 公告编号：2026-012 本公司董事会及全体董事保证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： 一、 召开会议的基本情况 （一） 股东会类型和届次 2026年第二次临时股东会 （四） 现场会议召开的日期、时间和地点 召开日期时间：2026 年 4 月 13 日 14 点 30 分 召开地点：陕西省西安市高新区锦业二路副 71 号五楼会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 4 月 13 日 至2026 年 4 月 13 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联 网投票平台的投票时间为股东会召开当日的 9:15-15:00。 （六） 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 ...

证券代码：688550 证券简称：瑞联新材 公告编号：2026-011 西安瑞联新材料股份有限公司 第四届董事会第三次会议决议公告 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。 一、董事会会议召开情况 西安瑞联新材料股份有限公司（以下简称"公司"）第四届董事会第三次会 议通知和相关材料于2026年3月15日以电子邮件方式送达给全体董事及高级管理 人员，会议于2026年3月25日以现场结合通讯方式在公司会议室召开，会议由董 事长刘晓春先生主持，本次会议应到董事9名，实到董事9名。 本次会议的召集和召开程序符合《中华人民共和国公司法》和《西安瑞联新 材料股份有限公司章程》的有关规定。 二、董事会会议审议情况 （一）审议通过了《关于使用部分募集资金投资建设蒲城海泰高性能光电材 料产业化项目的议案》 为进一步把握OLED显示行业持续增长的市场机遇，满足公司OLED升华前材 料产品在产能、专业生产设备上的配套需求，为客户提供更多元化、高品质的产 品与服务，公司依托成熟的研发技术体系、专业的管理团队，以及现有厂房、配 套资源等基础， ...

Investment Rating - The report does not explicitly state an investment rating for the chemical industry, but it provides various investment suggestions based on the analysis of different segments within the industry [6]. Core Insights - The petrochemical industry is a pillar of the national economy, with a significant economic volume, long industrial chain, and wide product variety, impacting supply chain security, green development, and public welfare [8]. - The report identifies four major directions related to the chemical industry based on the "14th Five-Year Plan": security assurance in key areas, comprehensive rectification of "involution" competition, domestic substitution of new materials, and green low-carbon economy [8]. Summary by Sections 1. National Economic Pillar Industry - The petrochemical industry is crucial for economic stability, with projected revenues of 15.7 trillion yuan in 2025, a 3% decrease year-on-year, and total profits of 702.09 billion yuan, down 9.6% [8]. 2. Strengthening Strategic Material Supply - The "14th Five-Year Plan" aims for a grain production capacity of 1.45 trillion jin and energy production capacity of 5.8 billion tons of standard coal, emphasizing the importance of fertilizer supply stability and energy resource security [9]. - Key companies to watch include Hualu Hengsheng, Yuntianhua, and China Petroleum, focusing on fertilizer supply and oil and gas production [9][11]. 3. Comprehensive Rectification of "Involution" Competition - The report suggests that the PTA industry is expected to see an upward correction in demand due to improved supply and demand conditions, with a projected capacity of 90.35 million tons and production of 73.42 million tons by 2025 [43][44]. - The polyester filament industry is becoming more concentrated, which may lead to a more orderly market supply, with a production capacity of 53.16 million tons by 2025 [48][49]. 4. Empowering Emerging Industries and Accelerating Domestic Substitution of New Materials - The report highlights the potential for new materials such as PEEK and electronic-grade PPO to drive growth in emerging industries, with significant investment opportunities in companies like Zhongyan Co., Guo'en Co., and Watte Co. [10]. 5. Accelerating Green Low-Carbon Transition - The "14th Five-Year Plan" emphasizes achieving carbon peak targets, with a focus on clean energy systems and reducing carbon emissions by 17% per unit of GDP by 2025 [10]. - Companies like Satellite Chemical and Wanhua Chemical are noted for their competitive advantages in green low-carbon production [10].

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The titanium dioxide industry has initiated its first collective price increase of the year, with domestic prices rising by 500 CNY/ton and international prices by 100 USD/ton [3] - A historic disruption in the global natural gas supply chain occurred due to an attack on Qatar's energy facilities, leading to a 50% increase in European natural gas prices and an 8% rise in Brent crude oil prices [3] - The domestic tire industry shows strong competitiveness, with recommended companies including Sailun Tire, Senqilin, General Motors, and Linglong Tire [4] - The consumer electronics sector is expected to gradually recover, with a focus on upstream material companies benefiting from the recovery in the panel supply chain [4] - The report highlights the resilience of certain cyclical industries, particularly in the phosphorous chemical sector, which is supported by environmental policies limiting supply [6] Summary by Sections Chemical Sector Market Review - The Shanghai Composite Index fell by 0.93%, with the CITIC Basic Chemical Index down by 2.27% [12] - The top-performing sub-industries included synthetic resins (6.9%) and chlor-alkali (3.53%), while electronic chemicals (-7.91%) and membrane materials (-7.5%) were the worst performers [15] Key Sub-Industry Market Review Tires - Full steel tire production load in Shandong increased to 66.41%, while semi-steel tire production load reached 73.52% [52] Fertilizers - Urea prices rose to 1853.5 CNY/ton, with a production load of 93.62% [67] - Phosphate prices for monoammonium phosphate and diammonium phosphate increased to 3892.5 CNY/ton and 4381.88 CNY/ton, respectively [70] Vitamins - Vitamin A price remained stable at 60.5 CNY/kg, while Vitamin E increased by 15.65% to 66.5 CNY/kg [82] Fluorochemicals - Fluorspar prices rose to 3475 CNY/ton, with a production load of 8.07% [84] Organic Silicon - The organic silicon market is experiencing price increases due to production cuts, with DMC prices reported at 14000-14300 CNY/ton [97]

Investment Rating - The report maintains an "Optimistic" rating for the chemical industry [4][5]. Core Insights - The geopolitical conflict between the US and Iran is expected to drive up prices for methanol, ethylene glycol, and urea, with a comprehensive price increase anticipated for chemical products after the holiday [4]. - The report highlights the impact of differentiated electricity pricing in Shaanxi, which may accelerate the exit of outdated production capacities and improve industry dynamics [4]. - The overall capital expenditure in the chemical sector is at its peak, with low inventory levels in the supply chain, suggesting a favorable environment for price increases as downstream production resumes post-holiday [4]. Industry Dynamics - Current macroeconomic judgment indicates that oil prices are expected to remain in a relatively loose range, with Brent crude projected between $60 and $75 per barrel due to delayed OPEC+ production increases and stable demand recovery [5]. - Coal prices are expected to stabilize at a low level in the medium to long term, while natural gas costs may decrease as the US accelerates its export facility construction [5]. - The report notes that the January PPI for industrial products decreased by 1.4% year-on-year but increased by 0.4% month-on-month, indicating a slight recovery in the manufacturing sector [7]. Investment Analysis - The report suggests focusing on four main areas for investment: 1. Textile and apparel chain, benefiting from high demand growth and improved supply dynamics [4]. 2. Agricultural chemicals, with stable fertilizer demand and increasing transgenic penetration supporting long-term pesticide demand [4]. 3. Export-related chemical products, as overseas inventories are at historical lows and interest rates are expected to decline [4]. 4. "Anti-involution" policies leading to accelerated clearance of outdated capacities in various sectors [4]. Key Material Focus - The report emphasizes the importance of self-sufficiency in key materials, particularly in semiconductor and panel materials, as well as in lithium battery and fluorine materials [4].

Group 1 - The core point of the article is that Ruilian New Materials reported its shareholder count as of February 13, 2026, which stands at 11,597 households [2]