Group 1 - The chemical sector experienced a strong opening on July 30, with the chemical ETF (516020) rising over 2% during intraday trading, reflecting overall positive momentum in the sector [1] - Key stocks in the sector, including Satellite Chemical, Xin Fengming, and others, saw significant gains, with Satellite Chemical surging over 6% and several others rising more than 4% [1][2] - The basic chemical sector attracted substantial capital inflow, with net inflows exceeding 2.2 billion yuan, ranking second among 30 major sectors [1][3] Group 2 - The domestic chemical industry is facing a cycle of "expansion-price suppression-loss," leading to deteriorating profitability and a need for capacity constraints to break this cycle [3] - Leading companies in the chemical sector are expected to benefit significantly due to their lack of obsolete capacity, cost advantages, and high market share, which positions them well for profitability [3] - Current valuation metrics suggest that it may be an opportune time to invest in the chemical sector, with the chemical ETF's price-to-book ratio at 2.08, indicating a low valuation relative to historical levels [4] Group 3 - The market anticipates a policy shift towards "de-involution," which could lead to a re-pricing of cost factors in the chemical sector, similar to the effects seen during the supply-side reform period [4] - Investors are encouraged to focus on cyclical basic chemical products and leading companies with cost advantages as potential investment opportunities [4] - The chemical ETF (516020) provides a diversified investment approach, covering various sub-sectors and concentrating on large-cap leading stocks, which enhances investment efficiency [5]

Industry Overview - The tetrachloroethylene industry in China is experiencing a critical period of both overcapacity and demand upgrade as of 2025 [1][5] - From January to May 2025, China's tetrachloroethylene production reached 78,100 tons, an increase of 8.59% year-on-year, while consumption was 87,000 tons, up 1.02% year-on-year [1][5] - Technological upgrades, such as the replacement of thermal chlorination with oxychlorination, have improved production efficiency and reduced unit costs [1][5] Industry Chain - The upstream of the tetrachloroethylene industry includes raw materials like chlorine, ethylene, acetylene, and calcium hydroxide, as well as production equipment [3] - The midstream involves the production and manufacturing of tetrachloroethylene, while the downstream applications include dry cleaning, metal cleaning, environmental testing, and chemical raw materials [3] Current Industry Status - As of June 2025, the price of tetrachloroethylene in China was 3,691 yuan per ton, a decrease of 7.47% year-on-year, primarily due to an imbalance between supply and demand [7] - The operating rate in June 2025 was 61.73%, a decrease of 11.91 percentage points month-on-month but an increase of 8.26 percentage points year-on-year [9] - From January to May 2025, imports of tetrachloroethylene increased by 11.11% in quantity and 31.35% in value, while exports surged by 91.32% in quantity and 74.90% in value [11] Key Enterprises - The tetrachloroethylene industry in China has a stable competitive landscape, with a few large enterprises dominating the market [13] - Binhai Group leads with an annual capacity of 80,000 tons, while Luxi Chemical has a capacity of 50,000 tons and Dongyue Group integrates its refrigerant supply chain [13][17] - Luxi Chemical's actual production reached 72,000 tons in 2025, while Binhai Group's production was 77,900 tons, reflecting a growth of 0.91% [15][17] Industry Development Trends - Technological innovations are expected to drive the industry towards higher value-added applications, with a focus on reducing environmental impact and improving resource efficiency [19] - Market demand for tetrachloroethylene is anticipated to continue rising steadily, particularly in specialized fields like semiconductor manufacturing [20] - Regulatory policies are promoting environmental transformation in the industry, encouraging companies to adopt greener production processes [21]

Group 1 - The chemical sector is experiencing a strong rally, with the chemical ETF (516020) rising by 1.24% as of the latest update [1] - Key stocks such as Yipuli and Yara International have seen significant gains, with some stocks increasing over 3% [1] - The current situation in the chemical industry is reminiscent of the supply-side reforms of 2014-2015, suggesting a potential turning point for the sector [2] Group 2 - Domestic policies frequently emphasize supply-side requirements, while international factors like rising raw material costs and capacity exits in Europe and the U.S. add uncertainty to chemical supply [3] - The Chinese chemical industry is expected to leverage its competitive advantages in cost and technology to fill gaps in the international supply chain [3] - The implementation of new policies aimed at stabilizing growth in key industries, including chemicals, is anticipated to lead to structural adjustments and the elimination of outdated capacities [3] Group 3 - The chemical ETF (516020) tracks the CSI Sub-Industry Chemical Index, with nearly 50% of its holdings in large-cap stocks, providing an efficient way to invest in the sector [4] - The ETF includes a diverse range of chemical sub-sectors, allowing investors to capture various investment opportunities within the chemical industry [4]

证券代码：000830 证券简称：鲁西化工 公告编号：2025-052 鲁西化工集团股份有限公司 关于回购注销部分限制性股票减少注册资本 暨通知债权人公告 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、通知债权人的原因 鲁西化工集团股份有限公司（以下简称"公司"）于 2025 年 7 月 3 日召开的第九届董事会第十次会议审议通过了《关于 成就并回购注销部分限制性股票的议案》以及《关于修订 <公司> 章程>部分条款的议案》，于 2025 年 7 月 21 日召开的 2025 年第 四次临时股东大会审议通过了《关于 2021 年限制性股票激励计 划第三个解除限售期解除限售条件未成就并回购注销部分限制 性股票的议案》《关于修订 <公司章程> 部分条款的议案》；详见 公司分别于 2025 年 7 月 4 日、2025 年 7 月 22 日在巨潮资讯网 披露的《关于 2021 年限制性股票激励计划第三个解除限售期解 除限售条件未成就并回购注销部分限制性股票的公告》（公告编 号：2025-048）、《2025 年第四次临时股东大会决议公告》（公 告编号：2025- ...

Core Points - Luxi Chemical Group Co., Ltd. is a publicly listed company established in accordance with the Company Law of the People's Republic of China and other relevant regulations [1][2] - The company was approved by the China Securities Regulatory Commission to issue 50 million shares of ordinary stock to the public in May 1998 and was listed on the Shenzhen Stock Exchange in August 1998 [2] - The registered capital of the company is RMB 1,904,319,011 [2] Chapter Summaries Chapter 1: General Provisions - The purpose of the company's articles of association is to protect the legal rights of the company, shareholders, and creditors, and to regulate the company's organization and behavior [1] - The company is a permanent stock company with all assets divided into equal shares, and shareholders are liable for the company's debts only to the extent of their subscribed shares [2][3] Chapter 2: Business Objectives and Scope - The company's business objectives include establishing a modern enterprise system, clarifying property rights, and developing production capacity with a focus on quality and efficiency [4] - The business scope includes the production and sale of chemical fertilizers and chemical raw materials, heating and steam services, and chemical technology consulting [4] Chapter 3: Shares - The company's shares are issued in the form of stocks, and the issuance follows principles of openness, fairness, and justice [5] - The total number of shares issued by the company is 1,904,319,011, all of which are ordinary shares [5] Chapter 4: Shareholders and Shareholder Meetings - Shareholders have rights to dividends, participate in meetings, supervise company operations, and transfer their shares [10][12] - The company must hold an annual general meeting within six months after the end of the previous fiscal year [19] - Shareholder meetings can be called by the board of directors or by shareholders holding more than 10% of the shares [21][22] Chapter 5: Voting and Resolutions - Resolutions at shareholder meetings can be ordinary or special, with ordinary resolutions requiring more than half of the voting rights and special resolutions requiring two-thirds [33][34] - Specific matters such as capital increases, mergers, and amendments to the articles of association require special resolutions [34][35]

鲁西化工集团股份有限公司 公 司 章 程 二〇二五年七月 | 第一章 | 总 | 则 | - | 2 - | | --- | --- | --- | --- | --- | | 第二章 | | 经营宗旨和范围 | - | 4 - | | 第三章 | | 股份 | - | 4 - | | 第一节 | | 股份发行 | - | 4 - | | 第二节 | | 股份增减和回购 | - | 5 - | | 第三节 | | 股份转让 | - | 7 - | | 第四章 | | 股东和股东大会 | - | 9 - | | 第一节 | | 股东 | - | 9 - | | 第二节 | | 股东大会的一般规定 | - | 16 - | | 第三节 | | 股东大会的召集 | - | 19 - | | 第四节 | | 股东大会的提案与通知 | - | 22 - | | 第五节 | | 股东大会的召开 | - | 24 - | | 第六节 | | 股东大会的表决和决议 | - | 28 - | | 第五章 | | 董事会 | - | 35 - | | 第一节 | | 董 事 | - | 35 - | | 第二节 | | 董事会 ...

证券代码：000830 证券简称：鲁西化工 公告编号：2025-052 鲁西化工集团股份有限公司 关于回购注销部分限制性股票减少注册资本 暨通知债权人公告 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、通知债权人的原因 鲁西化工集团股份有限公司（以下简称"公司"）于 2025 年 7 月 3 日召开的第九届董事会第十次会议审议通过了《关于 2021 年限制性股票激励计划第三个解除限售期解除限售条件未 成就并回购注销部分限制性股票的议案》以及《关于修订<公司 章程>部分条款的议案》，于 2025 年 7 月 21 日召开的 2025 年第 四次临时股东大会审议通过了《关于 2021 年限制性股票激励计 划第三个解除限售期解除限售条件未成就并回购注销部分限制 性股票的议案》《关于修订<公司章程>部分条款的议案》；详见 公司分别于 2025 年 7 月 4 日、2025 年 7 月 22 日在巨潮资讯网 披露的《关于 2021 年限制性股票激励计划第三个解除限售期解 除限售条件未成就并回购注销部分限制性股票的公告》（公告编 号：2025-048）、《2025 ...

证券代码：000830 证券简称：鲁西化工 公告编号：2025-051 鲁西化工集团股份有限公司 2025年第四次临时股东大会决议公告 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。 重要提示： 1、本次股东大会议案全部审议通过。 2、本次股东大会没有涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、召开时间：2025 年 7 月 21 日 14:30 网络投票时间： 通过深圳证券交易所交易系统进行网络投票的具体时间为2025年7 月21日9:15—9:25，9:30—11:30和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2025 年7月 21 日 9:15 至 2025 年 7 月 21 日 15:00 期间的任意时间。 2、召开地点：公司会议室 3、召开方式：采取现场投票和网络投票相结合的方式 4、召 集 人：公司董事会 5、主 持 人：董事长陈碧锋先生 6、会议的召开符合《公司法》《上市公司股东大会规则》及《公司 章程》的规定。 二、会议出席情况 参加本次股东大会的股东及股东授权委托代表人数为 1004 人， ...

山东同心达律师事务所 关于鲁西化工集团股份有限公司 2025 年第四次临时股东大会法律意见书 致：鲁西化工集团股份有限公司 鲁西化工集团股份有限公司（以下简称"公司"）2025 年 第四次临时股东大会（以下简称"本次股东大会"）于 2025 年 7 月 21 日 14:30 通过现场表决与网络投票相结合的方式召开。 山东同心达律师事务所（以下简称"本所"）接受公司的委托， 指派本所律师邢建枢、田哲出席了现场会议，并依据《公司法》 《证券法》等法律规定，以及中国证券监督管理委员会《上市公 司股东大会规则》（以下简称"《股东大会规则》"）的要求发 表法律意见并出具本法律意见书。 为出具本法律意见书，本所律师已经按照《股东大会规则》 的要求，对本次股东大会召集、召开程序是否符合法律、行政法 规、《股东大会规则》和《公司章程》的规定，出席会议人员资 格、召集人资格的合法有效性和股东大会表决程序、表决结果的 合法有效性等问题进行了审查。 本所律师依据本法律意见书出具日之前已经发生或存在的 事实，以及中国现行法律、法规和规范性文件发表法律意见。 本所同意将本法律意见书作为公司本次股东大会的必备文 件公告，并依法对所出具的 ...

Group 1 - The fertilizer sector continues to rise, with significant stock price increases observed [1] - Both Boyuan Chemical (000683) and Qingsong Jianhua (600425) reached the daily limit increase [1] - Other companies such as Xuefeng Technology (603227), Kailong Co., Ltd. (002783), Luxi Chemical (000830), Hualu Hengsheng (600426), Yuntianhua (600096), and Xinghuo Technology (600866) also experienced price increases [1]