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证券代码：002226 证券简称：江南化工 公告编号:2025-046 安徽江南化工股份有限公司 本公司及董事会全体成员保证公告内容真实、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 安徽江南化工股份有限公司（以下简称"江南化工"或"公司"或"本公司"） 股票（证券简称：江南化工，证券代码：002226）连续三个交易日（2025 年 7 月 18 日、2025 年 7 月 21 日、2025 年 7 月 22 日）收盘价格涨幅偏离值累计超过 20%，根 据深圳证券交易所的有关规定，属于股票交易异常波动情况。 二、公司关注、核实情况说明 针对公司股票交易异常波动，公司董事会对公司、控股股东及实际控制人就相 关事项进行了核实，现就有关情况说明如下： 项。 务领域，聚焦民爆产品、工程施工服务、矿山经营管理三大业务板块。主要从事工 业炸药、工业雷管、工业索类等民用爆炸物品的研发、生产、销售，以及为客户提 供工程施工服务等。未来公司能否参与该水电工程项目尚存在不确定性。敬请广大 投资者注意投资风险，理性投资。 三、是否存在应披露而未披露信息的说明 本公司董事会确认，本公司目前没有根 ...

智通财经7月22日电，江南化工(002226.SZ)发布异动公告，公司关注到近期市场出现"雅下水电工程"概 念的相关报道。公司在民爆业务领域，聚焦民爆产品、工程施工服务、矿山经营管理三大业务板块。主 要从事工业炸药、工业雷管、工业索类等民用爆炸物品的研发、生产、销售，以及为客户提供工程施工 服务等。未来公司能否参与该水电工程项目尚存在不确定性。敬请广大投资者注意投资风险，理性投 资。 2连板江南化工：聚焦民爆产品、工程施工服务、矿山经营管理三大业务板块 能否参与雅下水电工程项 目尚存在不确定性 ...

证券代码：002226 证券简称：江南化工 公告编号:2025-046 安徽江南化工股份有限公司 关于股票交易异常波动的公告 本公司及董事会全体成员保证公告内容真实、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 安徽江南化工股份有限公司（以下简称"江南化工"或"公司"或"本公司"） 股票（证券简称：江南化工，证券代码：002226）连续三个交易日（2025 年 7 月 18 日、2025 年 7 月 21 日、2025 年 7 月 22 日）收盘价格涨幅偏离值累计超过 20%，根 据深圳证券交易所的有关规定，属于股票交易异常波动情况。 二、公司关注、核实情况说明 针对公司股票交易异常波动，公司董事会对公司、控股股东及实际控制人就相 关事项进行了核实，现就有关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处。 2、公司、控股股东和实际控制人不存在关于本公司的应披露而未披露的重大事 项。 3、公司近期经营情况正常，内外部经营环境未发生重大变化。 4、公司关注到近期市场出现"雅下水电工程"概念的相关报道。公司在民爆业 务领域，聚焦民爆产品、工程施工服务、矿山经营管 ...

Investment Rating - The report maintains an "Outperform" rating for the basic chemical industry [2] Core Viewpoints - The basic chemical sector has outperformed the market, with the industry index rising by 1.8% from July 11 to July 18, compared to a 0.7% increase in the Shanghai Composite Index [9][20] - The report highlights significant price increases in TDI, glyphosate, and glufosinate due to supply disruptions and rising demand, particularly in South America [6][31][33] Summary by Sections 1. Core Viewpoints - The basic chemical sector is expected to benefit from supply-side reforms and improved demand due to recent government policies aimed at stabilizing the economy [17] - The report emphasizes the potential for long-term investment in core assets as the profitability of chemical products has likely bottomed out, suggesting a recovery in valuations [17][18] 2. Overall Performance of the Chemical Sector - The basic chemical industry index has shown a year-to-date increase of 10.8%, outperforming both the Shanghai Composite and ChiNext indices by 5.4% and 4.5%, respectively [20][26] 3. Individual Stock Performance in the Chemical Sector - Among 424 stocks in the basic chemical sector, 251 stocks rose while 162 fell during the reporting week, with notable gainers including Shangwei New Materials (+148.8%) and Dongcai Technology (+33.2%) [29][30] 4. Key News and Company Announcements - A fire at Covestro's TDI plant in Germany has led to significant supply disruptions, creating opportunities for price increases in TDI [31][32] - Glyphosate prices have increased to 25,500 CNY per ton, reflecting a 7.16% month-over-month rise, driven by reduced inventory levels [33] - New regulations on glufosinate are expected to constrain supply, potentially leading to price increases as the market adjusts [34]

Group 1: Overseas Business Development - Jiangnan Chemical has established a business network in countries along the "Belt and Road" initiative, including Namibia, Congo (DRC), Mongolia, Serbia, Liberia, and Guyana, focusing on civil explosive services [1][2] - The company aims to enhance its international market management capabilities and compliance operations while promoting steady international business growth [2] Group 2: Industrial Explosive Capacity Planning - The company dynamically adjusts its industrial explosive capacity based on operational efficiency and regional layout advantages, in accordance with Ministry of Industry and Information Technology requirements [2] - Jiangnan Chemical is committed to increasing resource investment in key civil explosive markets [2] Group 3: Competition Resolution with Actual Controller - Jiangnan Chemical's controlling shareholder, Special Energy Group, has committed to resolving industry competition issues within 60 months of acquiring control, ensuring no overlap in civil explosive business operations [2] - Ongoing due diligence is being conducted on overseas projects to mitigate competition concerns [2] Group 4: Strategic Market Expansion in Tibet - The company is actively expanding its presence in the Tibetan civil explosive market, having established five subsidiaries in the region to capitalize on market demand [3] Group 5: Automation in Production - Jiangnan Chemical is advancing towards unmanned production lines by 2027, focusing on safety and efficiency improvements through technology [4] - The company emphasizes employee safety and aims to enhance production efficiency while reducing hazardous operations [4] Group 6: Mining Services Strategy - The company leverages synergies between civil explosive production and engineering services to provide integrated solutions for mining operations [5][6] - Jiangnan Chemical plans to transition from product provision to comprehensive service offerings, enhancing overall service scale and effectiveness [6] Group 7: Market Value Management - Jiangnan Chemical has developed a market value management plan for 2025, focusing on improving operational quality and investor relations to stabilize market confidence [6] - The company aims to integrate industrial and financial capital to enhance value creation and preservation of state-owned assets [6]

Investment Rating - The report maintains an "Outperform" rating for the basic chemical industry [2] Core Viewpoints - The basic chemical sector has shown better performance than the market, with a year-to-date increase of 8.9%, outperforming the Shanghai Composite Index by 4.2 percentage points [4][16] - The global potash market is characterized by oligopoly, with major producers controlling supply and prices. Recent production cuts by key players are expected to sustain potash market conditions [5][27] - Phosphate supply remains tight, with stable prices and potential improvements in export opportunities as demand increases [5][27] Summary by Sections 1. Core Viewpoints - Policies are expected to improve supply-demand dynamics in the chemical sector, with a focus on cyclical investment opportunities [13] - The chemical industry is entering a new long-term prosperity cycle, driven by improved fundamentals and reduced risks [13][14] 2. Overall Performance of the Chemical Sector - The basic chemical industry index increased by 1.5% during the week, outperforming the Shanghai Composite Index by 0.4 percentage points [16] - Year-to-date, the basic chemical industry index has increased by 8.9%, significantly outperforming both the Shanghai Composite and ChiNext indices [16][18] 3. Individual Stock Performance in the Chemical Sector - Among 424 stocks in the basic chemical sector, 298 stocks rose while 123 fell during the week [25] - The top performers included companies like Shangwei New Materials (+72.9%) and Hongbo New Materials (+24.7%) [25][26] 4. Key News and Company Announcements - The autumn fertilizer preparation has begun, with a focus on investment opportunities in potash and phosphate fertilizers [27] - Major potash producers have announced production cuts, which are expected to tighten supply and support prices [5][27] - Phosphate prices remain stable, with potential for improved export conditions as demand increases [5][27] 5. Product Price Changes - The report highlights significant price increases in various chemical products, with notable gains in dimethylamine (+16.7%) and fatty alcohol (+8.2%) [6] - Conversely, urea prices have seen a significant decline (-15%) [6]

Report Summary 1. Report Industry Investment Rating - No industry investment rating information is provided in the report. 2. Core View of the Report - The report regularly tracks the latest private exchangeable bond (private EB) projects from public channels, including basic elements such as issuer, scale, underlying stock, and project status. The actual issuance terms and progress may change, and investors are advised to refer to the final prospectus and consult the lead underwriters [1]. 3. Summary of Key Information New Projects This Week - Fuda Holdings Group Co., Ltd.'s 2025 private exchangeable corporate bond project for professional investors received exchange feedback, with a proposed issuance scale of 1.2 billion yuan and the underlying stock being Fuda Co., Ltd. (603166.SH). The lead underwriter is Zhongde Securities, and the exchange update date is July 11, 2025 [2]. - Zijin Mining Investment (Shanghai) Co., Ltd.'s 2025 private exchangeable corporate bond project for professional investors received exchange feedback, with a proposed issuance scale of 700 million yuan and the underlying stock being Jiangnan Chemical Industry Co., Ltd. (002226.SZ). The lead underwriter is CITIC Securities, and the exchange update date is July 8, 2025 [2]. Project Status Table - The report lists the status of multiple private exchangeable bond projects as of July 11, 2025, including details such as bond name, lead underwriter, scale, underlying stock, project status, and update date. Projects are divided into two categories: "passed" and "feedback received" [3].

Group 1 - The company held its sixth meeting of the seventh board on July 2, 2025, where several proposals were reviewed and approved [1][2] - The first proposal approved was regarding the provision of special bond funds by the controlling shareholder, with a unanimous vote of 4 in favor and no opposition or abstentions [1] - The second proposal involved an increase in capital for the wholly-owned subsidiary Xinjiang Zhongkuang Hengtai Mining Technology Engineering Co., Ltd., which received 9 votes in favor, also with no opposition or abstentions [2] Group 2 - The independent directors had previously reviewed and approved the first proposal, with a majority agreement from all independent directors [1] - Detailed announcements regarding both proposals will be published on July 11, 2025, in various financial newspapers and on the company's official information platform [1][2]

证券代码：002226 证券简称：江南化工 公告编号：2025-045 1 安徽江南化工股份有限公司 关于控股子公司新疆天河对其全资子公司中矿恒泰增资的公告 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。 安徽江南化工股份有限公司（以下简称"公司"）于 2025 年 7 月 10 日召开第 七届董事会第六次会议，审议通过《关于下属子公司新疆天河化工有限公司对其 全资子公司新疆中矿恒泰矿山技术工程有限责任公司增资的议案》，具体内容如下： 一、增资情况概述 新疆中矿恒泰矿山技术工程有限责任公司(以下简称"中矿恒泰")为下属子 公司新疆天河化工有限公司(以下简称"新疆天河")之全资子公司，为提高中矿 恒泰发展前景，优化其资本结构，助推中矿恒泰建设年产 5,000 吨现场混装炸药 生产系统项目，开拓新疆哈密市伊州区市场和实现可持续良性发展，由新疆天河 以现金增资的方式对中矿恒泰增资 3,500 万元，本次增资完成后，中矿恒泰注册 资本由 100 万元增加至 3,600 万元，仍为新疆天河之全资子公司。 本次增资事项不涉及关联交易，也不构成上市公司重大资产重组事项。根据 ...