Core Viewpoint - Jiangnan Chemical announced that the total amount of newly signed or executed blasting service engineering contracts for the first half of 2025 reached 6.238 billion RMB [1] Group 1: Contract Details - The total amount includes significant engineering construction contracts, each exceeding 100 million RMB [1] - Notable projects include the upgrade and renovation of the Namibia Lakeside Ground Station and the blasting project for Xinjiang Hongshengcan Mining Co., Ltd. at the Atushi Hala Jun Titanium Iron Mine [1] - The service duration for these contracts ranges from 1 to 5 years [1]

| 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 | 成交会额 (万元) | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | (万股/万份) | | | | | 2025-07-29 | 002226 | 江南化工 | 5.73 | 57.00 | 326.61 | 机构变用 | 广发证券股份有限 | | | | | | | | | 公司厦门环岛东路 | | | | | | | | | 证券营业部 | | 2025-07-29 | 002226 | 江南化工 | 5.73 | 48.00 | 275.04 | 机构专用 | 广发证券股份有限 | | | | | | | | | 公司厦门环岛东路 | | | | | | | | | 证券营业部 | | 2025-07-29 | 002226 | 江南化工 | 5.73 | 36.00 | 206.28 | 机构专用 | 广发证券股份有限 | | | | | | | | | 公司厦门环岛东路 | | | | | | | | | 证券营业 ...

Group 1 - The A-share market experienced a rebound in the concept of civil explosives, with companies like Gaozheng Minbao hitting the daily limit up [1] - Other companies such as Poly United, Xinyu Guoke, Yipuli, Guangdong Hongda, Huhua Co., and Jiangnan Chemical also saw increases in their stock prices [1]

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]

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: Market Overview - Investors are awaiting earnings reports from major tech companies like Google and Tesla, while digesting tariff-related news, leading to a decline in semiconductor and AI sectors, which ended the Nasdaq's seven-day rally [1] - The S&P 500 index rose by 0.06%, and the Dow Jones increased by 0.40%, while the Nasdaq fell by 0.39% [2] - Nvidia dropped over 2.5%, while Google A shares rose by 0.65%, marking the longest consecutive rise since the end of 2010 [2] Group 2: Commodity and Currency Movements - U.S. Treasury yields fell across the board, with the 10-year yield dropping nearly 3 basis points [3] - The U.S. dollar experienced a three-day decline, decreasing by nearly 0.5% [3] - Gold prices surged over 1%, reaching $3,400, marking a one-month high [4] Group 3: Sector Developments - The global first Tesla restaurant opened, featuring "Cybertruck" and humanoid robots for food delivery, with some customers waiting 13 hours [6] - The UK approved a £38 billion project for the Sizewell C nuclear power station [7] - OpenAI announced a partnership with Oracle to expand a 4.5 GW data center, accelerating AI infrastructure [8] Group 4: Investment Trends - The State-owned Assets Supervision and Administration Commission emphasized the role of state-owned enterprises in supporting high-quality development in Tibet, focusing on infrastructure investment [11] - A report indicated that the lithium carbonate futures rose over 2.7%, with a 13% increase over the past seven trading days, driven by regulatory actions in lithium resource production [15] - The Hainan Free Trade Port is expected to release positive policy signals regarding its construction and operation, which could significantly boost the regional economy [16] Group 5: Aging Population and Healthcare - The National Health Commission released a plan to promote integrated medical and elderly care services, responding to the growing demand for elderly health services [17] - The elderly population in China is projected to exceed 300 million by 2025, with the market size for elderly care expected to grow to ¥16.1 trillion, reflecting a growth rate of over 15% [17]

Group 1 - The stock of Anhui Jiangnan Chemical Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days (July 18, July 21, and July 22, 2025) [1] - The company's board of directors conducted verification regarding the stock price fluctuation and confirmed that there are no undisclosed matters that should be disclosed according to the Shenzhen Stock Exchange's regulations [2] - The company focuses on three main business segments: civil explosive products, engineering construction services, and mining management, primarily engaged in the research, production, and sales of industrial explosives and related products [1][2] Group 2 - The company has confirmed that it is not aware of any undisclosed information that could significantly impact the trading price of its stock and derivatives [2] - The company is currently preparing its semi-annual report, and it has not reached the threshold for disclosing performance forecasts as per the Shenzhen Stock Exchange's regulations [2]

Group 1 - The company Jiangnan Chemical (002226.SZ) focuses on three main business segments: civil explosive products, engineering construction services, and mining management [1] - The company is primarily engaged in the research, production, and sales of industrial explosives, industrial detonators, and industrial cords, as well as providing engineering construction services to clients [1] - There is uncertainty regarding the company's potential participation in the "Yaxia Hydropower Project" [1]

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]