Group 1: Chemical Industry Performance - The chemical raw materials index increased by 4.45%, the chemical machinery index rose by 2.16%, the chemical pharmaceuticals index grew by 0.94%, and the pesticide and fertilizer index surged by 5.43% during the week of July 21 to 25 [1] - The oil processing index increased by 3.53%, while the oil extraction index decreased by 1.86%, and the oil trading index rose by 1.20% [1] Group 2: Oil Price Trends - As of July 25, the WTI crude oil futures settled at $65.16 per barrel, down 3.24% from July 18, while Brent crude oil futures settled at $68.44 per barrel, down 1.21% from July 18 [1] Group 3: Petrochemical Product Price Changes - The top five petrochemical products with price increases were Vitamin D3 (up 12.12%), battery-grade lithium carbonate (up 11.62%), organic silicon DMC (up 11.61%), raw rubber (up 9.76%), and 107 glue (up 8.33%) [1] - The top five petrochemical products with price decreases were Atrazine (down 14.73%), methyl acrylate (down 9.47%), hydrochloric acid (down 6.32%), cracked carbon nine (down 5.84%), and folic acid (down 5.66%) [1] Group 4: Capital Market Performance of Chemical Companies - The top five performing listed chemical companies were Shangwei New Materials (up 97.37%), Yokogawa Precision (up 64.42%), Poly United (up 52.73%), Gaozheng Mining Explosives (up 39.83%), and Subote (up 31.83%) [2] - The bottom five performing listed chemical companies were Pioneer New Materials (down 11.67%), Dazhongnan (down 9.90%), Qide New Materials (down 9.61%), Yueyang Xingchang (down 9.38%), and Qingdao Jinwang (down 8.50%) [2]

Investment Rating - Industry Rating: Neutral (maintained rating) [6] Core Viewpoints - The report highlights the recent price increases in key chemical products such as soda ash, organic silicon, and MDI, driven by strong demand and supply constraints [1][3] - The basic chemical sector outperformed the Shanghai and Shenzhen 300 index, with a weekly increase of 4.25% compared to 1.69% for the index, indicating a positive market sentiment [4][16] - The report suggests that the industry may be at a cyclical bottom, with a focus on supply-demand marginal changes [5] Summary by Sections Key News Tracking - The National Development and Reform Commission issued a revised method for energy consumption and carbon emission management for fixed asset investment projects, which is expected to enhance energy efficiency reviews [1][13] Product Price Monitoring - Key chemical products saw significant price changes, with organic silicon and TDI prices increasing by 11.6% and 6.8% respectively, while DMF and acetic acid prices decreased by 5.7% and 1.3% [2][26] - The report notes that 85 out of 345 tracked chemical products experienced price increases, while 79 saw declines [26] Sector Performance - The basic chemical sector's weekly performance was strong, with notable increases in synthetic resin (+21.94%), soda ash (+14.45%), and organic silicon (+9.01%) [4][18] - The report lists the top-performing stocks in the basic chemical sector, with significant gains for companies like Shangwei New Materials (+97.37%) and Henghe Precision (+64.42%) [21] Investment Insights - The report recommends focusing on sectors with stable demand and potential for recovery, such as organic silicon and amino acids, while also highlighting companies that may benefit from domestic demand [5][6] - It emphasizes the importance of supply-side reforms and cost factors in pricing strategies to mitigate market volatility [5]

保利联合：在西藏已布局2.1万吨工业炸药产能 积极争取相关项目 智通财经7月28日电，保利联合在互动平台表示，公司在西藏已布局2.1万吨工业炸药产能，目前正在积 极争取相关项目。如涉及需披露事项，将严格按照监管要求履行信息披露义务。 ...

Market Performance - The civil explosives sector declined by 2.13%, ranking among the top losers in the concept sector as of July 25 [1] - Notable declines within the sector included Huahua Co., China Energy Construction, and Yipuli, while the top gainers were Yahua Group, Poly United, and Guangdong Hongda, with increases of 5.41%, 4.30%, and 1.91% respectively [1] Capital Flow - The civil explosives sector experienced a net outflow of 2.181 billion yuan, with 21 stocks seeing net outflows, and 9 stocks exceeding 50 million yuan in outflows [2] - China Energy Construction led the outflows with a net outflow of 647.45 million yuan, followed by Gaozheng Civil Explosives and Poly United with outflows of 478.76 million yuan and 407.17 million yuan respectively [2] Individual Stock Performance - China Energy Construction saw a significant drop of 9.63% with a turnover rate of 6.55% and a net outflow of 647.45 million yuan [2] - Gaozheng Civil Explosives and Poly United also faced declines of 4.51% and 4.30% respectively, with notable net outflows [3] - Yahua Group and Guangdong Hongda were among the few stocks that gained, with increases of 5.41% and 1.91% respectively, despite the overall sector decline [3]

Group 1 - The civil explosives sector experienced a decline of 0.56%, ranking among the top losers in the concept sector as of July 24 [1][2] - Among the companies in the civil explosives sector, Huazhong Chemical, Jiangnan Chemical, and Yipuli saw significant declines, while Gaozheng Civil Explosives, Poly United, and Huaibei Mining had notable increases of 10.01%, 10.00%, and 2.64% respectively [1][2] - The civil explosives sector faced a net outflow of 2.209 billion yuan, with 16 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 50 million yuan [2][3] Group 2 - The top net outflow stock was Gaozheng Civil Explosives, with a net outflow of 1.230 billion yuan, followed by Yahua Group, Yipuli, and Huazhong Chemical with net outflows of 382 million yuan, 182 million yuan, and 180 million yuan respectively [2][3] - The stocks with the highest net inflows included Lixin Micro, Tongde Chemical, and Jiangnan Chemical, with net inflows of 42.699 million yuan, 26.662 million yuan, and 23.071 million yuan respectively [2][3] - The civil explosives sector's trading activity showed that Gaozheng Civil Explosives had a trading rate of 21.74% despite a price increase of 10.01% [2][3]

Summary of Key Points Core Viewpoint - The stock of Poly United has experienced a significant surge, achieving four consecutive daily limit-ups, with a total increase of 46.44% during this period [2]. Recent Stock Performance - As of July 23, the stock price reached 14.19 yuan, with a turnover rate of 0.91% and a trading volume of 4.4074 million shares, amounting to a transaction value of 62.5410 million yuan [2]. - The stock's limit-up order amount reached 704 million yuan [2]. - The total market capitalization of the stock is currently 6.866 billion yuan [2]. Margin Trading Data - As of July 23, the margin trading balance for the stock is 199 million yuan, with a financing balance of 199 million yuan, reflecting a decrease of 9.7965 million yuan (4.69%) from the previous trading day [2]. - Over the past four days, the margin trading balance has decreased by 13.2699 million yuan (6.24%) [2]. Institutional Trading Activity - The stock has appeared on the Dragon and Tiger list due to a cumulative price deviation of 20% over three consecutive trading days [2]. - Institutional investors have net sold 1.7106 million yuan, while other trading desks have net bought 42.3116 million yuan [2]. Financial Performance - The company reported a total operating revenue of 1.197 billion yuan for Q1, representing a year-on-year growth of 21.23% [2]. - The net profit for Q1 was -60 million yuan, showing a year-on-year increase of 9.09% [2]. - The company has projected a net profit for the first half of the year to be between -70 million yuan and -50 million yuan [2]. Daily Trading Data - The stock's daily trading performance over the past week shows fluctuations in price and turnover rates, with notable net inflows and outflows of capital [2].

Group 1 - The hydroelectric concept stocks have shown significant divergence, with companies like Tibet Tianlu (600326), Poly United (002037), Subote (603916), and Zhejiang Fu Holdings (002266) achieving four consecutive trading limit ups [1] - Conversely, Huhua Co., Ltd. (003002) has seen a decline of over 8%, while Jiangnan Chemical (002226) and Dayu Water-saving (300021) have both dropped by more than 7% [1]

Group 1 - The company's stock price experienced an abnormal fluctuation, with a cumulative increase of over 20% in closing prices over two consecutive trading days (July 22 and July 23, 2025) [1] - The company conducted an internal review and confirmed that there were no corrections or supplements needed for previously disclosed information [1][4] - The company has not identified any significant undisclosed information that could impact its stock price, and its operations remain normal without major changes in the internal or external business environment [1][4] Group 2 - The company's controlling shareholders and actual controllers did not engage in buying or selling the company's stock during the period of abnormal trading [2] - The company confirmed that there were no violations of fair information disclosure [3][5] - The company will strictly adhere to legal and regulatory requirements for information disclosure and will ensure timely communication of relevant information [6]

Market Overview - The Shanghai Composite Index reached a high of 3600 points during the day but closed at 3582.3 points, up 0.01% [1] - The total market turnover was 1.9 trillion yuan, a decrease of 30.3 billion yuan from the previous day [1] - The Hang Seng Index rose by 1.62%, reaching a three-and-a-half-year high, while the Hang Seng Tech Index increased by 2.48% [1] Sector Performance - The financial sector played a significant role in pushing the index above 3600 points, but it retreated in the afternoon [2] - Notable performances included Guosen Securities, which rose over 5%, and New China Life Insurance, which hit a historical high of 64.29 yuan per share [2] - The Yajiang Hydropower concept stocks showed mixed results, with some core stocks like China Power Construction and Tibet Tianlu achieving three consecutive gains, while others like Ankao Zhidian fell over 13% [2] Institutional Insights - Analysts from GF Securities suggest that the recent index fluctuations are not indicative of a trend reversal but rather a release of multiple pressures [3] - If trading volume remains below 1.7 trillion yuan in the coming days, short-term support for the Shanghai index may drop to the 3536-3542 point gap [3] - Huatai Securities reports that brokerage firms are expected to see high growth in their semi-annual earnings, indicating a potential recovery in the brokerage sector [3]

股票交易异常波动公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 一、股票交易异常波动的情况介绍 证券代码：002037 证券简称：保利联合 公告编号：2025-30 保利联合化工控股集团股份有限公司 股票的行为。 保利联合化工控股集团股份有限公司（以下简称公司）股票交 易价格连续两个交易日（2025 年 7 月 22 日、7 月 23 日）收盘价格 涨幅偏离值累计超过 20%，根据《深圳证券交易所交易规则》的有关 规定，属于股票交易异常波动情况。 二、公司关注及核实情况的说明 针对公司股票异常波动，公司就相关事项进行了核查，有关情 况说明如下： 1.公司前期披露的信息不存在需要更正、补充之处。 2.公司未发现近期公共传媒报道了可能或已经对本公司股票交 易价格产生较大影响的未公开重大信息。 3.公司目前经营正常，近期公司经营情况及内外部经营环境未 发生重大变化。 4.经向公司控股股东和实际控制人询问，控股股东和实际控制 人不存在其他关于本公司的应披露而未披露的重大事项，或处于筹 划阶段的重大事项。 5.公司控股股东、实际控制人在股票异动期间不存在买卖公司 ...