证券代码：000683 证券简称：博源化工 公告编号：2025-071 内蒙古博源化工股份有限公司监事会 关于2023年限制性股票激励计划预留授予部分 第一个解除限售期拟解除限售激励对象名单的核查 意见 内蒙古博源化工股份有限公司（以下简称公司）监事会根据《公司法》《证 券法》《上市公司股权激励管理办法》（以下简称《管理办法》）等法律法规、规 范性文件以及公司《2023 年限制性股票激励计划（草案）》（以下简称《激励计 划》）、《公司章程》的有关规定，对 2023 年限制性股票激励计划预留授予部分第 一个解除限售期拟解除限售激励对象名单进行审核，现发表核查意见如下： 1.公司符合《管理办法》和《激励计划》等法律法规、规范性文件规定的实 施股权激励计划的条件，公司具备实施股权激励计划的主体资格，符合《激励计 划》中对预留授予部分第一个解除限售期解除限售条件的要求，未发生《激励计 划》中规定的不得解除限售的情形。 2.公司 2023 年限制性股票激励计划预留授予部分第一个解除限售期拟解除 限售的 35 名激励对象不存在下列情形： 3.监事会对激励对象名单进行了核查，认为本次 35 名激励对象已满足《管 理办法》和 ...

2.会议于 2025 年 9 月 29 日在鄂尔多斯市东胜区鄂托克西街博源大厦 19 层 会议室以现场和视频相结合的方式召开。 3.本次董事会应参会董事 9 名，实际参会董事 9 名。其中参加现场会议的董 事为戴继锋、刘宝龙、宋为兔、邢占飞、李永忠、纪玉虎、张世潮、董敏，通过 视频参加会议的董事为李要合。会议由公司董事长戴继锋先生主持，公司监事、 部分高管人员列席本次会议。 4.本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性文件 和《公司章程》的规定。 二、董事会会议审议情况 证券代码：000683 证券简称：博源化工 公告编号：2025-064 内蒙古博源化工股份有限公司 九届三十一次董事会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1.内蒙古博源化工股份有限公司（以下简称公司）于 2025 年 9 月 26 日以书 面、传真或电子邮件方式向公司全体董事发出了关于召开九届三十一次董事会会 议的通知。 经董事认真审议并表决，通过以下决议： 1.逐项审议通过《关于减少注册资本、修订<公司章程>及制定、修订、废 ...

Group 1 - The Ministry of Industry and Information Technology has restricted new production capacity for soda ash, which raises concerns about its impact on the company's new production line [2] - Boyuan Chemical (000683.SZ) confirmed that its Alashan natural soda project complies with national industrial policies, and the second phase of construction is progressing as planned [2]

Market Overview - The Shanghai Composite Index is at 3852.31 points with a decline of -0.21% as of 10:32 AM, and the total trading volume of A-shares is 1,075.764 billion yuan [1] Stocks with Death Cross - A total of 152 A-shares have seen their 5-day moving average cross below the 10-day moving average, indicating potential bearish trends [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Songjing Co., Ltd. (688157) with a distance of -1.61% - Chunguang Technology (603657) with a distance of -1.02% - Pilin Bio (000403) with a distance of -0.93% [1] Detailed Stock Performance - Key stock performances include: - Songjing Co., Ltd. (688157): Today's change is -0.67% with a latest price of 40.09 yuan, which is -3.28% from the 10-day moving average [1] - Chunguang Technology (603657): Today's change is -3.47% with a latest price of 38.70 yuan, which is -6.79% from the 10-day moving average [1] - Pilin Bio (000403): Today's change is -0.52% with a latest price of 17.32 yuan, which is -2.64% from the 10-day moving average [1] Additional Stocks with Notable Changes - Other stocks showing significant changes include: - Jiangsu New Energy (603693): Today's change is -1.38% with a latest price of 12.87 yuan, which is -2.29% from the 10-day moving average [2] - Yongan Pharmaceutical (002365): Today's change is -1.04% with a latest price of 18.11 yuan, which is -1.45% from the 10-day moving average [2] - Mosi Co., Ltd. (001323): Today's change is -1.95% with a latest price of 28.16 yuan, which is -2.96% from the 10-day moving average [2]

Market Overview - On September 12, the chemical raw materials sector declined by 0.41%, with Dayang Bio leading the drop [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - Notable gainers in the chemical raw materials sector included: - Zhenhua Co., Ltd. (603067) with a closing price of 18.59, up 4.97% [1] - ST Yatai (000691) with a closing price of 7.44, up 4.94% [1] - Shilong Industry (002748) with a closing price of 10.17, up 4.31% [1] - Major decliners included: - Dayang Bio (003017) with a closing price of 33.78, down 3.82% [2] - Sanyou Chemical (600409) with a closing price of 5.97, down 2.45% [2] - Kaisheng New Materials (301069) with a closing price of 23.12, down 2.41% [2] Capital Flow - The chemical raw materials sector experienced a net outflow of 209 million yuan from main funds, while retail funds saw a net inflow of 89.33 million yuan [2] - Key stocks with significant capital flow included: - Longbai Group (002601) with a main fund net inflow of 26.73 million yuan [3] - Zhongke Titanium White (002145) with a main fund net inflow of 25.74 million yuan [3] - Huayi Group (600623) with a main fund net inflow of 22.27 million yuan [3]

Investment Rating - The report suggests a cautious approach towards the soda ash industry, highlighting significant cost advantages for companies with natural soda ash production capabilities, such as Boyuan Chemical and Zhongyan Chemical [7][11]. Core Insights - The soda ash industry is experiencing a downward price trend, with significant impacts on profitability and operational performance of listed companies. The report emphasizes the need for industry optimization and potential recovery through demand stimulation and policy support [7][11]. - The supply side is undergoing structural changes, with natural soda ash production increasing its share significantly, which is expected to dominate future capacity expansions [4][12]. - Demand pressures are evident from the real estate sector's decline and short-term fluctuations in the photovoltaic glass market, although long-term growth potential remains [5][13]. Summary by Sections Price Trends - Soda ash prices have been on a continuous decline for seven consecutive quarters, with heavy losses reported across the industry. The price of heavy soda ash peaked at 3681 CNY/ton in October 2021 and fell to a range of 1335-1349 CNY/ton by August 2025 [3][21][22]. Supply Side - The production capacity of soda ash has accelerated, surpassing 40 million tons in 2023, with a year-on-year increase of 19.5%. By 2024, capacity is expected to reach 43.45 million tons, with natural soda ash accounting for a growing share of total production [4][36][64]. - The share of natural soda ash in total production capacity increased from 5% in 2022 to 19% in 2025, driven by new projects from companies like Boyuan Chemical [4][12][50]. Demand Side - The demand for soda ash is primarily driven by the glass industry, with flat glass accounting for 46% of total consumption in 2024. The photovoltaic glass sector is also growing, contributing to a significant portion of soda ash demand [15][66]. - The real estate sector's downturn has negatively impacted flat glass demand, while the automotive sector has provided some support. The photovoltaic glass market is facing short-term challenges but is expected to recover in the long term [5][13][66]. Cost Structure - The cost structure of soda ash production varies significantly by production method, with natural soda ash having the lowest unit cost at approximately 1000-1200 CNY/ton, compared to 1400-1600 CNY/ton for the synthetic methods [6][35]. Industry Outlook - The report outlines a potential path for the industry to counteract the current downward trends through supply optimization, demand recovery, and policy guidance aimed at promoting energy efficiency and the development of green production methods [7][11].

Group 1 - The chemical sector experienced a pullback on September 10, with the Chemical ETF (516020) dropping by 1.34% at closing, after a decline of 2.67% during the day [1][2] - Key stocks in the sector, such as Junzheng Group and Jinfat Technology, saw declines exceeding 4%, while Tianqi Materials and Luxi Chemical fell over 3% [1][2] - Despite the pullback, the chemical sector has shown strong performance recently, benefiting from the "anti-involution" trend, with the Chemical ETF index rising by 23.48% since July, outperforming major indices like the Shanghai Composite Index and CSI 300 [3][4] Group 2 - The Producer Price Index (PPI) data released by the National Bureau of Statistics indicated a halt in the decline, with a month-on-month change of 0% and a year-on-year decrease of 2.9%, marking the first narrowing of the decline since March [4] - Analysts suggest that the "anti-involution" policy may reshape the Chinese chemical industry, potentially leading to a significant slowdown in global chemical capacity expansion [5][6] - The valuation of the Chemical ETF remains low, with a price-to-book ratio of 2.3, indicating a favorable long-term investment opportunity [7] Group 3 - Future policies are expected to address industry pain points, which could help the chemical sector recover from its current downturn [8] - The Chinese chemical industry is positioned to fill gaps in the international supply chain due to its competitive advantages in cost and technology [8] - The Chemical ETF (516020) provides a diversified investment opportunity across various segments of the chemical industry, with significant holdings in large-cap stocks [8]

Core Insights - The article discusses the production trends of petroleum coke in China, highlighting a decrease in output for the year 2025 compared to previous years [1] Industry Overview - According to the National Bureau of Statistics, China's petroleum coke production in July 2025 is projected to be 2.65 million tons, reflecting a year-on-year decline of 2.1% [1] - Cumulative production from January to July 2025 is reported at 18.282 million tons, which represents a cumulative decrease of 4.4% compared to the same period in the previous year [1] Company Insights - The article lists several companies involved in the petroleum coke industry, including Huajin Co., Yuancheng Energy, Shanghai Petrochemical, Huaxi Energy, Wanhua Chemical, Hengli Petrochemical, Rongsheng Petrochemical, Xin'ao Co., and Sinopec Capital [1] - The report by Zhiyan Consulting provides an analysis of the development trends and investment potential in the petroleum coke industry from 2025 to 2031 [1]

Group 1 - The core viewpoint of the news is that Boyuan Chemical's stock has experienced a decline, with a 5.53% drop over the last three days, closing at 6.32 CNY per share on September 3, with a total market capitalization of 23.502 billion CNY [1] - Boyuan Chemical's main business includes the production and sales of coal, methanol, fertilizers, soda ash, and sodium bicarbonate, with revenue composition being 60.01% from soda ash, 25.08% from urea, 12.88% from sodium bicarbonate, and 1.56% from other products [1] - The company is located in Ordos City, Inner Mongolia, and was established on January 23, 1997, with its listing date on January 31, 1997 [1] Group 2 - Southern Fund's Southern CSI 500 ETF (510500) is among the top ten circulating shareholders of Boyuan Chemical, having increased its holdings by 5.2159 million shares in the second quarter, totaling 38.6719 million shares, which represents 1.17% of the circulating shares [2] - The Southern CSI 500 ETF has incurred a floating loss of approximately 3.4805 million CNY today, with a total floating loss of 14.3086 million CNY during the three-day decline [2] - The fund was established on February 6, 2013, with a current scale of 113.438 billion CNY, achieving a year-to-date return of 23.14% and a one-year return of 55.04% [2]

Core Viewpoint - Antibacterial glass is an emerging functional glass that not only retains the original functions and decorative effects of glass but also adds the ability to inhibit and kill pathogenic microorganisms, leading to increased demand across various sectors [1][7]. Market Overview - The market size of the antibacterial glass industry in China reached 1.16 billion yuan in 2018 and is projected to grow to 2 billion yuan by 2024, with a compound annual growth rate (CAGR) of 9.5% [1][8]. - In 2020, due to the pandemic, the market size in the medical field increased by 13.3% due to the strong antibacterial capabilities of the glass [1]. Industry Chain - The upstream of the antibacterial glass industry includes raw materials such as quartz sand, soda ash, and nano antibacterial agents, with quartz sand being the core raw material [6]. - The midstream involves the production and manufacturing of antibacterial glass, while the downstream includes application fields such as healthcare, food processing, and construction [6]. Product Characteristics - Antibacterial glass is categorized into different types based on antibacterial mechanisms, including silicon-silver coated, silicon-titanium coated, and silicon-fluorine coated antibacterial glass, each with unique properties [4][5]. Competitive Landscape - The antibacterial glass industry is primarily dominated by foreign companies, with significant market share held by firms like Corning in the U.S. However, domestic companies are gradually increasing their market share through technological advancements [8]. Development Trends - Market demand for antibacterial glass is expected to continue growing, particularly in healthcare, food packaging, and construction sectors, driven by increasing consumer health awareness [10]. - Companies in the antibacterial glass industry are focusing on green and sustainable development, emphasizing the use of eco-friendly materials and reducing energy consumption [11]. - There is a need for companies to explore international markets, especially in Southeast Asia and the Middle East, where there is a rising demand for antibacterial glass products due to public health upgrades and infrastructure development [12].