本次利润分配方案经公司2025年 4月 23 日的2024年年度股东大会审议通过。 证券代码：688722 证券简称：同益中 公告编号：2025-023 北京同益中新材料科技股份有限公司2024年年度权 益分派实施公告 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： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/6/17 | 2025/6/18 | 2025/6/18 | 一、 通过分配方案的股东大会届次和日期 | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/6/17 | 2025/6/18 | 2025/6/18 | 四、 分配实施办法 1. 实施办法 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本224,666, ...

Investment Rating - The report suggests a positive outlook for the refrigerant sector, recommending attention to companies such as Juhua Co., Sanmei Co., and Yonghe Co. due to expected demand growth and price increases in refrigerants [5]. Core Insights - The refrigerant market is entering a demand peak season, with prices and margins for major refrigerant types on the rise. The report highlights the impact of high summer temperatures and supply constraints due to quota policies [5][25]. - The explosion at Youdao Chemical has raised concerns in the pesticide industry, potentially affecting supply and prices of intermediates like K amine, while stricter regulations may benefit leading companies with better safety and management practices [4][5]. Summary by Sections 1. Key Chemical Product Price Tracking - Notable price increases were observed in formic acid (6.52%), dichloromethane (4.36%), and acrylamide (4.55%), while TMA and dichloromethane saw significant declines [13][18]. 2. Polyurethane - MDI prices decreased while TDI prices increased due to seasonal demand fluctuations and maintenance schedules at several production facilities [16]. 3. Agricultural Chemicals - Glyphosate prices rose slightly to 23,397 CNY/ton, supported by strong demand and reduced supply from some factories [18]. 4. Fluorinated Chemicals - Prices for third-generation refrigerants R32 and R134a increased, driven by seasonal demand and supply constraints. R32 is priced at 51,000 CNY/ton, and R134a at 48,500 CNY/ton [25][32]. 5. Phosphate Fertilizers - Prices for monoammonium phosphate and diammonium phosphate remained stable, with production pressures and inventory levels being closely monitored [20][21]. 6. Urea and Potassium Chloride - Urea prices decreased to 1,863 CNY/ton due to market adjustments and reduced export volumes, while potassium chloride prices remained stable at 2,956 CNY/ton [21][24].

Investment Rating - The report suggests a positive outlook for the refrigerant sector, recommending attention to companies such as Juhua Co., Sanmei Co., and Yonghe Co. due to expected demand growth and price increases in refrigerants [5]. Core Insights - The refrigerant market is entering a demand peak season, with prices and margins for major refrigerant types on the rise. The report highlights the impact of high summer temperatures and supply constraints due to quota policies [5][25]. - The explosion at Youdao Chemical has raised concerns in the pesticide industry, potentially affecting supply and prices of intermediates like K-amine, while stricter regulations may benefit leading companies with better safety and management practices [4][5]. Summary by Sections 1. Key Chemical Product Price Tracking - Notable price increases were observed in formic acid (6.52%), dichloromethane (4.36%), and acrylamide (4.55%), while TMA saw a significant decrease of 14.29% [13]. 2. Polyurethane - MDI prices decreased while TDI prices increased due to seasonal demand fluctuations and maintenance schedules at several production facilities [16]. 3. Agricultural Chemicals - Glyphosate prices rose slightly to 23,397 CNY/ton, supported by strong demand and reduced supply from some factories [18]. 4. Fluorinated Chemicals - Prices for R32 and R134a refrigerants increased, driven by seasonal demand and supply constraints. R32 is priced at 51,000 CNY/ton, and R134a at 48,500 CNY/ton [25][32]. 5. Phosphate Fertilizers - Prices for monoammonium phosphate and diammonium phosphate remained stable, with production pressures from high raw material costs [20][21]. 6. Urea and Potassium Chloride - Urea prices decreased to 1,863 CNY/ton due to changes in export policies and market dynamics, while potassium chloride prices remained stable at 2,956 CNY/ton [24].

证券代码：688722 股票简称：同益中 公告编号：2025-022 北京同益中新材料科技股份有限公司 关于调整2024年度利润分配方案每股分红金额的公告 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。 为0.06677元（含税，保留五位小数），具体以公司权益分派实施结果为准。 特此公告。 重要内容提示： 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3月27 日、2025年4月23日分别召开第三届董事会第二次会议及2024年年度股东大会， 审议通过了《关于公司2024年度利润分配的议案》。公司拟向全体股东每10股 派发现金红利0.67元（含税）。截至2024年12月31日，公司总股本224,666,700 股，以此计算合计拟派发现金红利15,000,000.00元（含税）。本次利润分配不 送红股，不进行资本公积金转增股本。 如在本议案通过之日起至实施权益分派股权登记日期间，因可转债转股/回 购股份/股权激励授予股份回购注销/重大资产重组股份回购注销等致使公司总 股本发生变动的，公司拟维持分配总额不变，相 ...

截至2025年5月30日收盘，同益中（688722）报收于21.1元，较上周的22.11元下跌4.57%。本周，同益 中5月26日盘中最高价报22.26元。5月30日盘中最低价报20.72元。同益中当前最新总市值47.4亿元，在 化学纤维板块市值排名16/23，在两市A股市值排名3019/5146。 本周关注点 机构调研要点：自2024年5月政策明确后业务基本恢复正常，业绩出现环比提升 机构调研要点 公司使用国产原材料的占比较高，同时公司具备切换原材料的能力。超高分子量聚乙烯粉在成本中的占 比不高，对于产品价格没有太大的影响。 更换周期基本在5-8年。 以2024年的情况来看，复合材料业务中出口的量大约有一半。 目前主要还是绝缘和蜂窝，其他的领域还有待扩展。 公司判断超高分子量聚乙烯纤维的价格还是在底部盘整的阶段。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 从政策端来看，自2023年三四季度开始，两用物项的政策还没有明确，公司的业绩出现了波动，自2024 年5月政策明确后业务基本恢复正常；从企业端来看，2022年底公司收购了子 ...

Core Viewpoint - The development of humanoid robot tendon materials is driven by advancements in ultra-high molecular weight polyethylene (UHMWPE) fibers, which have achieved performance levels comparable to international leaders while reducing costs by 30% [1][17]. The mass production plans of benchmark products like Tesla's Optimus are significantly increasing the demand for high-end tendon materials [1][17]. Industry Overview - Humanoid robot tendon materials are used to connect and fix robot joints, simulating human tendons to drive joint movement. These materials are crucial for enhancing the dexterity and lightweight characteristics of robotic hands [2][9]. Industry Development History - The industry has undergone three phases: 1. **Technical Enlightenment (2019-2022)**: The introduction of UHMWPE as a key strategic material by the Ministry of Industry and Information Technology (MIIT) and the initiation of domestic production [9]. 2. **Industrial Exploration (2023-2024)**: The MIIT's guidance on humanoid robot innovation and the successful mass production of high-strength fibers by companies like Nanshan Zhishang [10]. 3. **Ecosystem Construction (2025-Present)**: The establishment of standards and funding support for tendon material companies, with advancements in fiber strength and the introduction of smart tendon materials [10][24]. Industry Chain - The upstream of the tendon materials industry includes raw materials like UHMWPE resin and production equipment. The midstream involves the manufacturing of tendon materials, while the downstream applications include humanoid robots, industrial robots, and medical robots [12]. Market Size - The market for humanoid robot tendon materials in China is projected to grow from 1.325 million RMB in 2025 to 47.368 million RMB by 2029, with a compound annual growth rate (CAGR) of 144.52% [1][17]. Key Companies' Performance - Key players in the UHMWPE fiber sector include Jiuzhou Xingji, Qianxi Longxian, Tongyi Zhong, Henghui Anfang, and Nanshan Zhishang, with significant production capacities and product performance [19][22]. For instance, Jiuzhou Xingji has an annual production capacity of 30,000 tons, leading globally [19]. Industry Development Trends 1. **Material Performance and Smart Integration**: The industry will focus on enhancing UHMWPE fibers' strength and reducing creep rates, while also developing smart tendon materials with real-time monitoring capabilities [24]. 2. **Application Scenario Diversification**: The demand for tendon materials will split into high-end applications for medical and rehabilitation robots and low-cost solutions for educational and entertainment markets [25][26]. 3. **Domestic Substitution and Global Supply Chain Restructuring**: Chinese companies are accelerating domestic substitution and entering global supply chains, with a projected increase in domestic market share from 20% in 2023 to 35% in 2024 [27].

Core Viewpoint - Tongyi Zhong announced a capital increase of 150 million yuan for its subsidiary, Chaomeisi New Materials Co., Ltd., to enhance equipment upgrades and market expansion, thereby improving profitability and implementing strategic layout [1] Group 1: Capital Increase and Ownership - The capital increase aims to support equipment updates and market expansion, enhancing profitability [1] - After the capital increase, Chaomeisi's registered capital will change from 228.81 million yuan to 336.08 million yuan, with Tongyi Zhong's ownership rising to 83.52% [1] Group 2: Business Performance - Tongyi Zhong's main business involves ultra-high molecular weight polyethylene fibers and composite materials, with a complete industry chain layout [1] - In Q1, Tongyi Zhong achieved revenue of 253 million yuan, a year-on-year increase of 126.9%, and a net profit of 43.4 million yuan, up 147.35% year-on-year [1] Group 3: Chaomeisi's Product and Performance - Chaomeisi's main products include aramid and aramid paper, with designed annual production capacities of 5,000 tons for aramid and 2,000 tons for aramid paper [1] - In Q1, Chaomeisi reported revenue of 68.5 million yuan and a net profit of 2.27 million yuan [1]

Investment Rating - The report maintains a "Buy-A" rating for the company [1][7] Core Views - The company reported significant revenue growth in Q1 2025, achieving total revenue of 253 million yuan, representing a year-on-year increase of 126.9% and a quarter-on-quarter increase of 14.1% [3][4] - The increase in revenue is attributed to higher sales volume and the impact of acquisitions, particularly the subsidiary Chaomeisi, which generated revenue of 68 million yuan and a net profit of 2.27 million yuan in Q1 2025 [4][5] - The company plans to invest 150 million yuan in Chaomeisi to enhance its competitive strength and profitability, aiming for a substantial improvement in its profit margin, which currently stands at 1.1% compared to the industry average of 23.5% [5][7] Financial Performance and Projections - For the fiscal years 2025 to 2027, the company is projected to achieve net profits of 200 million yuan, 240 million yuan, and 290 million yuan, respectively, with corresponding P/E ratios of 28, 23, and 19 times [7][9] - The company’s revenue is expected to grow significantly, with projections of 996 million yuan in 2025, 1.196 billion yuan in 2026, and 1.407 billion yuan in 2027, reflecting year-on-year growth rates of 53.3%, 20.1%, and 17.7% respectively [9][13] - The gross profit margin is forecasted to stabilize around 36.4% to 37.2% over the next few years, indicating a consistent profitability outlook [9][14] Market Data - As of May 12, 2025, the company's closing price was 24.99 yuan, with a year-to-date high of 26.60 yuan and a low of 9.57 yuan [10]

Investment Rating - The report maintains a "Buy-A" rating for the company [1][4] Core Views - The company has shown significant revenue growth in Q1 2025, achieving total revenue of 253 million yuan, with year-on-year growth of 126.9% and quarter-on-quarter growth of 14.1% [2][3] - The increase in revenue is attributed to higher sales volume and the acquisition of subsidiaries [3] - The company plans to invest 150 million yuan in its subsidiary, Chaomeisi, to enhance its competitive strength and profitability, aiming for high-quality development [3] - Chaomeisi reported revenue of 68 million yuan and a net profit of 2.27 million yuan in Q1 2025, indicating potential for significant improvement compared to industry peers [3] Financial Projections - The company is projected to achieve net profits of 200 million yuan, 240 million yuan, and 290 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding P/E ratios of 28, 23, and 19 [4][6] - Revenue forecasts for the years 2025 to 2027 are 996 million yuan, 1.196 billion yuan, and 1.407 billion yuan, reflecting year-on-year growth rates of 53.3%, 20.1%, and 17.7% [6][10] - The gross profit margin is expected to stabilize around 36.4% to 37.2% over the forecast period [6][11] Market Data - As of May 12, 2025, the company's closing price was 24.99 yuan, with a year-to-date high of 26.60 yuan and a low of 9.57 yuan [7] - The total market capitalization is approximately 5.614 billion yuan, with 224 million circulating shares [7]

Core Viewpoint - The petrochemical industry investment strategy for May 2025 highlights a positive economic outlook driven by proactive fiscal policies and increased domestic consumption confidence, alongside a growing global interest in China's artificial intelligence sector [1][2]. Economic Overview - Since late September 2024, a series of domestic policies have been implemented, leading to a noticeable effect on the economy. In 2024, China's GDP reached 134.9 trillion RMB, marking a 5% increase from the previous year [2]. - In Q1 2025, China's GDP at current prices was 31,875.8 billion RMB, with a year-on-year growth of 5.4% at constant prices, indicating steady economic growth [2]. Policy Environment - The Central Political Bureau meeting on April 25 emphasized the need for more proactive macroeconomic policies in response to escalating US-China trade tensions and external uncertainties. The focus will be on expanding consumption and boosting domestic demand [2]. Industry Performance - In April 2025, the comprehensive PMI output index was 50.2%, a decrease of 1.2 percentage points from the previous month. The manufacturing production index fell to 49.8%, down 2.8 percentage points, indicating a decline in manufacturing activity [3]. - Despite a drop in international oil prices by over 15% in April due to increased production by OPEC and trade tensions, the expected price range for Brent crude is projected to be between $65-70 per barrel and WTI at $60-65 per barrel for 2025 [3]. Investment Recommendations - Key investment areas for May 2025 include potassium fertilizers, refrigerants, aramid paper, civil explosives, and pentaerythritol, with specific companies recommended for each sector: - **Potassium Fertilizers**: Global prices are rebounding, and there is a domestic demand gap. Recommended company: **Yaqi International** [4]. - **Refrigerants**: The market outlook is positive due to tightening long-term quotas and increased air conditioning production. Recommended companies: **Juhua Co.** and **Sanmei Co.** [4][7]. - **Aramid Paper**: Demand is increasing due to applications in electrical insulation and honeycomb core materials. Recommended company: **Tongyi Zhong** [4]. - **Civil Explosives**: The industry is experiencing improved profitability due to stable demand and declining costs. Recommended company: **Guangdong Hongda** [5]. - **Pentaerythritol**: Anticipated price increases due to low inventory levels and high demand from the PCB sector [5]. Investment Portfolio - The investment portfolio for this month includes: - **Yaqi International**: A rare potassium fertilizer producer with expanding capacity - **Bailong Chuangyuan**: A long-term growth "small giant" in functional sugars - **Tongyi Zhong**: A company with a full industrial chain layout for UHMWPE fibers - **Guangdong Hongda**: A leading integrated service provider in the civil explosives sector [6].