Investment Rating - The report maintains an "Optimistic" rating for the chemical industry [3][4]. Core Insights - The report highlights the global expansion of major titanium dioxide manufacturers, emphasizing the opportunity for industry recovery from the bottom of the cycle. The acquisition of Venator UK's titanium dioxide assets and the establishment of subsidiaries in Malaysia and the UK are key developments [4][5]. - The macroeconomic outlook for the chemical sector indicates stable oil demand despite a slight slowdown due to tariffs, with global GDP growth projected at 2.8%. The report also notes that coal prices are stabilizing and natural gas export facilities in the U.S. are expected to accelerate [4][5]. - The report suggests investment strategies across various sectors, including textiles, agriculture, and chemicals, with a focus on companies benefiting from the "anti-involution" policies [4][5]. Summary by Sections Industry Dynamics - The report discusses the current macroeconomic conditions affecting the chemical industry, including oil supply and demand dynamics, with a forecast of increased production from non-OPEC sources and stable global oil demand [5][6]. - It notes that the PPI for industrial products decreased by 2.3% year-on-year in September, indicating a stabilization in prices due to improved supply-demand structures [6]. Investment Analysis - The report recommends a diversified investment approach focusing on sectors such as textiles, agriculture, and export-oriented chemicals, highlighting specific companies for potential investment [4][18]. - Key materials for growth are identified, including semiconductor materials and packaging materials, with specific companies mentioned for each category [4][18]. Price Movements - The report provides detailed price movements for various chemical products, including titanium dioxide, fertilizers, and pesticides, indicating a mixed outlook with some prices stabilizing while others show slight declines [11][14][20]. - It highlights the impact of external factors such as raw material costs and international trade dynamics on pricing trends within the chemical sector [11][14].

Market Overview - The chemical fiber sector experienced a decline of 2.23% on October 17, with Haiyang Technology leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Individual Stock Performance - Haiyang Technology (603382) closed at 32.76, down 6.32% with a trading volume of 31,100 shares and a turnover of 105 million yuan [1] - Shenma Co., Ltd. (600810) closed at 10.12, down 6.30% with a trading volume of 622,800 shares and a turnover of 643 million yuan [1] - Moyi Zhong (688722) closed at 17.66, down 5.21% with a trading volume of 52,000 shares and a turnover of 94.11 million yuan [1] - Tianfulong (603406) closed at 48.06, down 4.83% with a trading volume of 58,700 shares and a turnover of 288 million yuan [1] - Baogudi (300905) closed at 32.82, down 4.45% with a trading volume of 60,200 shares and a turnover of 202 million yuan [1] Capital Flow Analysis - The chemical fiber sector saw a net outflow of 351 million yuan from institutional investors, while retail investors had a net inflow of 334 million yuan [1] - The table of capital flow indicates that major stocks like Huafeng Chemical (002064) and Montai High-tech (300876) had mixed net inflows and outflows from different investor categories [2]

Core Viewpoint - The financing activities of Tongyi Zhong (688722) indicate a positive sentiment among investors, with a net buying trend observed over the past three trading days [1][2]. Financing Activities - On October 16, Tongyi Zhong had a financing buy of 9.85 million yuan and a financing repayment of 8.74 million yuan, resulting in a net financing purchase of 1.12 million yuan [1]. - The total financing balance reached 240 million yuan, reflecting an increase of 0.47% compared to the previous day [2][3]. - Over the last three trading days, the cumulative net buying amounted to 10.15 million yuan [1]. Margin Trading Data - The margin trading balance on October 16 was 240 million yuan, with a change of 1.12 million yuan, representing a 0.47% increase [3]. - The previous trading days showed fluctuations in the margin trading balance, with notable changes including a decrease of 3.49 million yuan on October 13 and an increase of 8.01 million yuan on October 14 [3].

Core Points - The company held its second extraordinary general meeting of shareholders on October 10, 2025, with no resolutions being rejected [2] - The meeting was conducted in compliance with the Company Law and the company's articles of association, utilizing both on-site and online voting methods [2][3] Group 1: Meeting Details - The meeting took place at No. 17, Jingsheng South 2nd Street, Majia Bridge Town, Tongzhou District, Beijing [2] - All 7 current directors and 3 current supervisors attended the meeting, along with the board secretary and some senior management personnel [3] Group 2: Resolutions Passed - The proposal to abolish the supervisory board and amend the articles of association was approved [4] - Zhao Yajian was elected as a non-independent director of the third board of directors [4] - Several governance rules were amended, including the rules for board meetings and general meetings, all of which were passed [5] Group 3: Legal Verification - The meeting was witnessed by Beijing Zhonglun Law Firm, confirming that the procedures and voting were in accordance with relevant laws and regulations [5]

Core Viewpoint - The company announced the cancellation of its supervisory board and the transfer of its responsibilities to the audit committee of the board of directors, along with the establishment of a worker representative director position [2] Group 1 - The company will hold its second extraordinary general meeting of shareholders on October 10, 2025, to review the proposal regarding the cancellation of the supervisory board [2] - The responsibilities of the supervisory board will now be exercised by the audit committee of the board of directors [2] - A worker representative director, Lin Fengqi, has been elected to the third board of directors, with a term aligned with that of the board [2]

2025 年 10 月 11 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、准确性和完整性承担法律责任。 北京同益中新材料科技股份有限公司（以下简称"公司"）于 2025 年 10 月 10 日召开 2025 年第二次临时股东大会，审议通过了《关于公司取消监事会 暨修订＜公司章程＞并办理工商备案登记的议案》,公司不再设置监事会，其职 权由董事会审计委员会行使，同时在董事会中设立职工代表董事席位。公司于 同日召开职工代表大会并做出决议，选举林凤崎女士为公司第三届董事会职工 代表董事（简历见附件），其将与公司第三届董事会非职工代表董事共同组成 第三届董事会，任期与第三届董事会任期一致。 林凤崎女士符合《中华人民共和国公司法》《公司章程》等法律法规关于 董事的任职资格和条件，将按照相关法律法规的规定行使职权。本次选举完成 后，公司董事会中兼任公司高级管理人员以及由职工代表担任的董事人数总计 不超过公司董事总数的二分之一。 特此公告。 北京同益中新材料科技股份有限公司董事会 证券代码：688722 证券简称：同益中 公告编号：2025-038 北京同益中新材 ...

一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 10 月 10 日 （二） 股东大会召开的地点：北京市通州区马驹桥镇景盛南二街 17 号 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 109 | | --- | --- | | 普通股股东人数 | 109 | | 2、出席会议的股东所持有的表决权数量 | 108,295,640 | | 普通股股东所持有表决权数量 | 108,295,640 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 48.2027 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 48.2027 | 证券代码：688722 证券简称：同益中 公告编号：2025-037 北京同益中新材料科技股份有限公司 2025年第二次临时股东大会决议公告 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： 本次会议是否有被否决议案：无 （ ...

北京市中伦律师事务所 关于北京同益中新材料科技股份有限公司 2025 年第二次临时股东大会的 法律意见书 致：北京同益中新材料科技股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受北京同益中新材料科技股 份有限公司（以下简称"公司"）委托，指派律师见证公司 2025 年第二次临时 股东大会（以下简称"本次股东大会"）。本所律师根据《中华人民共和国公司 法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证 券法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）、《律 师事务所从事证券法律业务管理办法》等相关法律、法规、规章、规范性文件及 《北京同益中新材料科技股份有限公司章程》（以下简称"《公司章程》"）的 规定，对本次股东大会的相关事项进行见证并出具法律意见。 为出具本法律意见书，本所律师审查了公司本次股东大会的有关文件和材料。 本所律师出具本法律意见书基于公司向本所律师提供的一切原始材料、副本、复 印件等材料、口头证言均是真实、准确、完整和有效的，不存在隐瞒记载、虚假 陈述或重大遗漏，有关文件的印章和签字均真实、有效，有关副本、复印件等材 料均与原始材料一致。 在本法律 ...

Core Insights - The stock of Tongyi Zhong increased by 1.81% on October 9, with a trading volume of 68.99 million yuan, indicating positive market sentiment [1] - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue reaching 483 million yuan, a year-on-year growth of 89.7%, and a net profit of 66.48 million yuan, up 41.13% year-on-year [2] Financing and Margin Trading - On October 9, Tongyi Zhong had a financing buy-in of 7.09 million yuan and a financing repayment of 13.47 million yuan, resulting in a net financing outflow of 6.38 million yuan [1] - The total margin trading balance for Tongyi Zhong as of October 9 was 236 million yuan, accounting for 5.48% of its market capitalization, which is above the 90th percentile of the past year [1] Shareholder and Institutional Holdings - As of June 30, the number of shareholders for Tongyi Zhong increased by 12.67% to 9,456, while the average number of circulating shares per person decreased by 11.24% to 23,699 shares [2] - The company has distributed a total of 136 million yuan in dividends since its A-share listing [3] - New institutional shareholders include Penghua Carbon Neutral Theme Mixed A, holding 2.97 million shares, and other funds that have entered the top ten circulating shareholders list [3]

Core Viewpoint - The announcement details the early termination of the share reduction plan by certain directors, senior management, and key technical personnel of Beijing Tongyi New Material Technology Co., Ltd, along with the results of the share reduction [1][4]. Summary by Relevant Sections Shareholding Status Before Reduction - Prior to the reduction plan, the chairman and general manager, Huang Xingliang, held 758,700 shares, accounting for 0.3377% of the total share capital. Other key personnel held the following shares: - Vice General Manager and Chief Legal Officer, Xie Yunxiang: 573,600 shares (0.2553%) - Vice General Manager and Key Technical Personnel, Zhao Peng: 286,800 shares (0.1277%) - Vice General Manager and Key Technical Personnel, Liu Qinghua: 519,000 shares (0.2310%) - Vice General Manager, Yu Yanfei: 478,000 shares (0.2128%) - Vice General Manager and Key Technical Personnel, Lin Fengqi: 478,000 shares (0.2128%) - Financial Officer and Board Secretary, Su Min: 382,400 shares (0.1702%) [2]. Results of the Reduction Plan - From July 22, 2025, to September 29, 2025, the following shares were reduced through centralized bidding: - Huang Xingliang: 189,600 shares (0.0844%) - Xie Yunxiang: 143,400 shares (0.0638%) - Zhao Peng: 71,700 shares (0.0319%) - Liu Qinghua: 129,750 shares (0.0578%) - Yu Yanfei: 119,500 shares (0.0532%) - Lin Fengqi: 119,500 shares (0.0532%) - Su Min: 94,406 shares (0.0420%) - As of the announcement date, the reduction plans for Xie Yunxiang, Zhao Peng, Liu Qinghua, Yu Yanfei, and Lin Fengqi were completed, while Huang Xingliang and Su Min's plans were terminated early due to personal circumstances [4][6]. Implementation of the Reduction Plan - The actual reduction was consistent with the previously disclosed reduction plan, and the minimum reduction quantity was achieved. The reduction plan was officially completed [6][7].