证券代码：000683 证券简称：博源化工 公告编号：2026-005 （1）本次裁决不会对公司的日常生产经营产生重大影响。 公司近日收到中煤能源和蒙大矿业发来的《关于催告履行仲裁裁决的函》， 依据仲裁裁决（〔2025〕中国贸仲京裁第 2936 号），公司和上海证大投资发展 股份有限公司（曾用名：上海证大投资发展有限公司，以下简称上海证大）对应 向中煤能源及蒙大矿业的支付义务承担连带责任。根据法律规定，中煤能源及蒙 大矿业有权要求公司单方承担案涉裁决书项下的债务，要求公司尽快全面履行裁 决的全部款项。公司于 2026 年 2 月 2 日召开九届三十八次董事会，审议通过了 《关于签订<和解协议>的议案》，经公司与中煤能源和蒙大矿业协商，在公司九 内蒙古博源化工股份有限公司 关于签订和解协议暨重大仲裁事项的进展公告 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。 特别提示： 1.案件所处的仲裁阶段：执行阶段。 2.上市公司所处的当事人地位：内蒙古博源化工股份有限公司（以下简称公 司）为仲裁的第一被申请人。 3.和解金额：公司向乌审旗蒙大矿业有限责任公司（以下简称蒙 ...

证券代码：000683 证券简称：博源化工 公告编号：2026-003 内蒙古博源化工股份有限公司 关于公司向银行申请贷款的公告 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）内蒙古博源控股集团有限公司 内蒙古博源化工股份有限公司（以下简称公司）于 2026 年 2 月 2 日召开九 届三十八次董事会，审议通过了《关于公司向银行申请贷款的议案》，现将具体 内容公告如下： 一、申请贷款情况概述 根据公司及子公司生产经营的资金需求，为保证日常生产经营等各项工作顺 利进行，提高资金营运能力，公司 2026 年度拟向银行申请综合授信（贷款）额 度不超过人民币 250,000 万元，期限不超过三年。 公司的实际融资金额以授信额度内银行与公司发生的融资金额为准，具体品 种将视公司业务发展的实际需求合理确定。授信业务包括但不限于流动资金贷款、 银行承兑汇票、票据贴现、信用证等综合业务。银行授信的抵质押、担保的方式 包括保证、股权质押等。具体授信业务品种、额度、期限和利率，以各方签订的 合同为准。本次贷款具体明细如下： 单位：万元 | 序号 | 授信机构 | 授信额度 ...

证券代码：000683 证券简称：博源化工 公告编号：2026-006 内蒙古博源化工股份有限公司 一、召开会议的基本情况 1.股东会届次：2026 年第一次临时股东会 2.股东会的召集人：董事会 3.本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所 股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公 司规范运作》等法律、行政法规、部门规章、规范性文件及《公司章程》的有 关规定。 4.会议时间： （1）现场会议时间：2026 年 2 月 27 日 14:50:00 关于召开 2026 年第一次临时股东会的通知 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。 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2026 年 2 月 27 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易 所互联网投票系统投票的具体时间为 2026 年 2 月 27 日 9:15 至 15:00 的任意时 间。 5.会议的召开方式：现场表决与网络投票相结合。 6.会议的股权登记日：2026 ...

证券代码：000683 证券简称：博源化工 公告编号：2026-002 内蒙古博源化工股份有限公司 九届三十八次董事会决议公告 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 2026 年 1 月 30 日以书 面、传真或者电子通讯方式向公司全体董事发出了关于召开九届三十八次董事会 会议的通知。 2.会议于 2026 年 2 月 2 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、邢占飞、李永忠、董敏，通过视频参加会议的董事为刘宝龙、宋为 兔、纪玉虎、张世潮、李要合。会议由公司董事长戴继锋先生主持，公司部分高 级管理人员列席本次会议。 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 经董事认真审议并表决，通过以下决议： 1.审议通过《关于公司向银行申请贷款的议案》 表决结果：9 票同意，0 ...

证券代码：000683 证券简称：博源化工 公告编号：2026-001 内蒙古博源化工股份有限公司 关于控股股东部分股份解除质押及再质押的公告 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。 特别风险提示： 截至本公告披露日，内蒙古博源化工股份有限公司（以下简称公司）控股股 东内蒙古博源控股集团有限公司（以下简称博源集团）质押股份数量占其所持公 司股份数量比例超过 80%，请投资者注意相关风险。 公司近日收到控股股东博源集团的通知，其将持有公司的部分股份解除质押 冻结并重新办理了质押登记，具体事项如下： | 一、股东股份本次解除质押及质押基本情况 | | --- | 2.股东股份本次质押基本情况 | | 是否为控股 | | 占其 | 占公 | 是否 | 是否 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 股东或第一 | 本次质押数 | 所持 | 司总 | 为限 | 为补 | 质押起 | | 质押到 | 质权人 | 质押 | ...

Investment Rating - The report assigns an "Overweight" rating for the real estate chain chemical products sector [1]. Core Insights - The report emphasizes that the improvement in the supply-demand structure of real estate chain chemical products is expected to drive a long-term upward trend. It recommends specific products such as MDI, titanium dioxide, PVC, soda ash, organic silicon, and refrigerants [2][3]. Summary by Sections Industry Overview - The report discusses the concept of "high-quality development" in real estate, indicating that the supply-demand dynamics for chemical products related to real estate are set to improve, which will support a long-term upward trend in the market [2]. Investment Recommendations - The report highlights key companies to invest in, including: - MDI leader Wanhua Chemical - Titanium dioxide leader Longbai Group - Soda ash leader Boyuan Chemical - Organic silicon leader Hesheng Silicon - Refrigerant leader Juhua Co. - PVC leader Zhongtai Chemical and Xinjiang Tianye [3][4]. Market Dynamics - The report notes that while China's housing demand has shifted from aggressive growth, there is still medium-term support for total demand, projected to stabilize at 700-800 million square meters during the 14th and 15th Five-Year Plans. Factors such as demand improvement, urban renewal, and urbanization are expected to stabilize the overall transaction scale in the industry [3]. Product Applications - The report details the applications of various chemical products in the real estate sector: - MDI is used in environmentally friendly board production and insulation materials for refrigerators - Titanium dioxide is a key white pigment in coatings - PVC is primarily used in the real estate sector, directly influenced by new housing starts and construction progress - Soda ash is essential for producing flat glass and glass products, benefiting from urban renewal projects - Organic silicon adhesives are used in construction for sealing and bonding [3]. Supply and Demand Outlook - The report indicates that the demand side is expected to stabilize due to policy support and the stabilization of real estate companies, while the supply side is seeing an end to expansion in many sectors. This combination is anticipated to improve the supply structure and alleviate competitive pressures [3].

Group 1: Market Performance - The chemical raw materials sector increased by 2.68% compared to the previous trading day, with Jiangtian Chemical leading the gains [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] Group 2: Individual Stock Performance - Jiangtian Chemical (300927) closed at 30.31, up 19.99% with a trading volume of 195,300 shares and a transaction value of 564 million [1] - Dier Chemical (920304) closed at 15.32, up 10.45% with a trading volume of 200,600 shares [1] - Weiyuan Co. (600955) closed at 20.59, up 9.99% with a trading volume of 227,900 shares [1] - Zhongyida (600610) closed at 11.37, up 9.96% with a trading volume of 182,160 shares [1] - Lushi Chemical (000830) closed at 19.96, up 8.89% with a trading volume of 666,900 shares [1] - Xinjiang Tianye (600075) closed at 6.26, up 8.12% with a trading volume of 1,176,800 shares [1] - Satellite Chemical (002648) closed at 20.79, up 6.67% with a trading volume of 1,382,800 shares [1] - Hydrogen Alkali Chemical (600618) closed at 14.04, up 5.17% with a trading volume of 494,000 shares [1] - Boyuan Chemical (000683) closed at 8.59, up 5.14% with a trading volume of 1,221,600 shares [1] - Zhongtai Chemical (002092) closed at 6.13, up 4.97% with a trading volume of 1,834,300 shares [1] Group 3: Capital Flow - The chemical raw materials sector saw a net inflow of 139 million from main funds, while retail funds experienced a net outflow of 60.52 million [2] - The main funds' net inflow for Zhongyida (600610) was 267 million, accounting for 29.40% of its trading volume [3] - Jiangtian Chemical (300927) had a main fund net inflow of 150 million, representing 26.57% of its trading volume [3] - Hydrogen Alkali Chemical (600618) had a main fund net inflow of 82.68 million, accounting for 12.24% of its trading volume [3] - Weiyuan Co. (600955) had a main fund net inflow of 73.73 million, representing 16.07% of its trading volume [3]

Group 1 - The core point of the news is that Boyuan Chemical has seen a stock price increase of 5.02%, reaching 8.58 CNY per share, with a trading volume of 793 million CNY and a turnover rate of 2.83%, resulting in a total market capitalization of 31.89 billion CNY [1] - Boyuan Chemical, established on January 23, 1997, and listed on January 31, 1997, is located in Ordos City, Inner Mongolia, and its main business involves the production and sales of coal, methanol, fertilizers, soda ash, and sodium bicarbonate [1] - The revenue composition of Boyuan Chemical's main business includes soda ash at 60.01%, urea at 25.08%, sodium bicarbonate at 12.88%, other products at 1.56%, and additional items at 0.46% [1] Group 2 - Manulife Fund has a significant holding in Boyuan Chemical, with its Manulife High-end Equipment Stock A (022327) holding 1,105,700 shares, accounting for 3.42% of the fund's net value, making it the ninth-largest holding [2] - The Manulife High-end Equipment Stock A (022327) has a current scale of 60.42 million CNY and has achieved a year-to-date return of 8.66%, ranking 1554 out of 5542 in its category, while its one-year return is 61.78%, ranking 727 out of 4235 [2]

Investment Rating - The industry investment rating is "Positive" and maintained [8] Core Insights - In the previous two cyclical bull markets, alpha leading stocks significantly outperformed the basic chemical sector. These leaders possess both supply-demand improvements and cost advantages, leading to price elasticity and sustainable low-cost expansion. In cyclical bull markets, they exhibit performance drivers of volume and price increases, providing excess returns for investors [2][6][38]. - The report emphasizes the importance of investing in high-quality leading companies such as Wanhua Chemical, Hualu Hengsheng, Longbai Group, Yangnong Chemical, Huafeng Chemical, and Boyuan Chemical [2][6][38]. Summary by Sections Introduction: Why Focus on Leading Stocks in Cyclical Bull Markets? - The PPI (Producer Price Index) has shown a continuous narrowing of decline and is expected to turn positive by October 2025. This indicates a potential recovery in industrial product pricing and an improvement in market demand and supply conditions. The chemical industry, as a key industrial raw material, is likely to reflect these changes first, suggesting a transition from demand stagnation to a new round of inventory replenishment or capacity adjustment [4][14]. Performance of Alpha Leaders in Previous Cyclical Bull Markets - The report analyzes the stock selection and performance of alpha leaders during the last two cyclical bull markets (2016-2018 and 2020-2021). The selected stocks include Wanhua Chemical, Hualu Hengsheng, Longbai Group, and Yangnong Chemical, with the addition of Huafeng Chemical and Boyuan Chemical in the second round. The performance data shows that these leaders significantly outperformed the basic chemical index [5][18]. - In the first cycle (2016-2018), the highest stock price increases for these leaders were 488.9% for Wanhua Chemical, 281.4% for Hualu Hengsheng, 147.7% for Longbai Group, and 247.5% for Yangnong Chemical, with an average increase of 291.4%. The basic chemical index saw a maximum increase of around 39% during the same period [18][19]. - In the second cycle (2020-2021), the highest increases were 311.0% for Wanhua Chemical, 276.5% for Hualu Hengsheng, 314.2% for Longbai Group, 188.0% for Yangnong Chemical, 290.1% for Huafeng Chemical, and 728.7% for Boyuan Chemical, with an average increase of 351.4% compared to a maximum of 136% for the basic chemical index [18][19]. Investment Recommendations - The report suggests focusing on high-quality leading companies for investment opportunities, as they are expected to benefit from supply-demand improvements and cost advantages. The overall chemical sector is currently at a low point, but with anticipated global economic growth, demand for chemical products is expected to increase. The report also highlights the potential for a recovery in PPI and chemical prices in 2026 [6][38][39].

Group 1 - The company is currently in the process of testing its new production line for the Alashan natural soda ash project phase two, which is in the commissioning, optimization, and improvement stage [2] - The equipment operating parameters and process matching are still being optimized, and the production line has not yet reached a stable mass production state [2]