Core Viewpoint - On July 21, a total of 23 listed companies had their restricted shares unlocked, with a total market value of approximately 5.36 billion yuan [1] Summary by Category Restricted Share Unlocking - The specific details of the restricted share unlocking include: - Shandong High Energy (000803): 1.2772 million shares from equity incentive - Yueyang Xingchang (000819): 2.1525 million shares from equity incentive - Zhangyu A (000869): 2.0357 million shares from equity incentive - Sheneng Co., Ltd. (600642): 9.7161 million shares from equity incentive - Batian Co., Ltd. (002170): 1.2 million shares from equity incentive - Wanma Co., Ltd. (002276): 2.6112 million shares from equity incentive - Chuanfa Longmang (002312): 12.5 million shares from A-share issuance - Chengda Pharmaceutical (301201): 6.15594 million shares with extended lock-up period - Maoshuo Power (002660): 8.22983 million shares from A-share issuance - Laobaixing (603883): 193.6 thousand shares from equity incentive - Zhenbaodao (603567): 726.9 thousand shares from equity incentive - Lifang Pharmaceutical (003020): 234 thousand shares from equity incentive - Triangle Defense (300775): 110.4 thousand shares from equity incentive - Yidao Information (001314): 46.26 thousand shares from equity incentive - Honghe Technology (603256): 252.65 thousand shares from equity incentive - Guomao Co., Ltd. (603915): 165.8 thousand shares from equity incentive - Arrow Home (001322): 135.28 thousand shares from equity incentive - Hongying Intelligent (001266): 18 thousand shares from equity incentive - Kangpeng Technology (688602): 4.6189 million shares - Juyi Technology (688162): 108.1 thousand shares - Xidiwei (688173): 15.4 million shares - Aike Optoelectronics (688610): 68 thousand shares - Hangcai Co., Ltd. (688563): 180 thousand shares [1]

关于竞得四川发展天盛矿业有限公司 10%股权暨 关联交易的进展公告 一、交易概述 本公司及董事会全体成员保证公告信息披露的内容真实、准确和完整， 没有虚假记载、误导性陈述或者重大遗漏。 一、交易概述 四川发展龙蟒股份有限公司（以下简称"公司"）召开了第七届董事会第七 次会议、第七届监事会第七次会议，审议通过了《关于拟竞买四川发展天盛矿业 有限公司 10%股权暨关联交易项目的议案》。根据西南联合产权交易所出具的 《关于成交相关事项的告知函》，公司通过公开摘牌的方式竞得控股股东四川省 先进材料产业投资集团有限公司全资子公司四川发展天盛矿业有限公司（以下简 称"天盛矿业"）10%股权。本次交易不涉及公司合并报表范围变更。 本次参与竞拍事项具体内容详见公司披露的《关于竞得四川发展天盛矿业有 限公司 10%股权暨关联交易的公告》《关于竞得四川发展天盛矿业有限公司 10% 股权暨关联交易的进展公告》。 二、本次交易进展情况 证券代码：002312 证券简称：川发龙蟒 公告编号：2025-043 四川发展龙蟒股份有限公司 特此公告。 四川发展龙蟒股份有限公司董事会 二〇二五年七月十六日 近日，天盛矿业已完成相关工商变更登记 ...

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]

Core Viewpoint - Sichuan Development Longmang Co., Ltd. has received approval to register and issue medium-term notes up to RMB 2.5 billion in the interbank market [1][2]. Group 1 - The company held the sixth meeting of the seventh board and the first extraordinary general meeting of 2025 on January 6 and January 22, respectively, to approve the proposal for medium-term note registration [1]. - The registered amount for the medium-term notes is RMB 2.5 billion, valid for two years from the date of the acceptance notice issued by the Trading Association [1][2]. - Industrial Bank Co., Ltd. will act as the lead underwriter for the medium-term notes [1]. Group 2 - The company can issue the medium-term notes in installments during the registration validity period and must file with the Trading Association prior to issuance [2]. - The company will manage the issuance according to relevant regulations and will disclose the issuance results through approved channels after completion [2]. - The company plans to issue medium-term notes based on funding needs and market conditions while fulfilling information disclosure obligations [2].

四川发展龙蟒股份有限公司 关于中期票据获准注册的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 证券代码：002312 证券简称：川发龙蟒 公告编号：2025-042 四川发展龙蟒股份有限公司（以下简称"公司"）分别于 2025 年 1 月 6 日 和 2025 年 1 月 22 日召开了第七届董事会第六次会议和 2025 年第一次临时股东 大会，审议通过了《关于公司申请注册发行中期票据的议案》，同意公司根据《中 华人民共和国公司法》《银行间债券市场非金融企业债务融资工具管理办法》等 法律法规的规定，在中国银行间市场交易商协会（以下简称"交易商协会"）注 册并发行中期票据不超过人民币 25 亿元（含）。具体内容详见公司披露的相关 公告。 近日，公司收到交易商协会签发的《接受注册通知书》（中市协注〔2025〕 MTN582 号）（以下简称"《通知书》"），交易商协会决定接受公司中期票据 注册，现将有关事项公告如下： 一、公司中期票据注册金额为 25 亿元，注册额度自通知书落款之日起 2 年 内有效，由兴业银行股份有限公司主承销。 二、公司在注册有效期内可分期 ...

Core Points - The company, Chuanfa Longmang (002312), has received a registration notice from the trading association for its medium-term notes, with a registered amount of 2.5 billion yuan [1] - The registration is valid for two years from the date of the notice and will be underwritten by Industrial Bank Co., Ltd. [1] - The company can issue medium-term notes in installments during the registration period and must comply with relevant management requirements for issuance [1]

Group 1 - The core viewpoint of the article is that Chuanfa Longmang is accelerating its layout in lithium battery materials projects through a partnership with Fulim Precision, aiming to establish a joint venture for the production of lithium iron phosphate and lithium dihydrogen phosphate precursor projects [1][2][3] - The joint venture will invest in a new 100,000 tons/year high-pressure lithium iron phosphate project and a 100,000 tons/year lithium dihydrogen phosphate precursor project, enhancing the integration of upstream resources to the cathode material supply chain [1][2] - Chuanfa Longmang has a strong foothold in the phosphate chemical industry, with phosphate ore reserves of approximately 130 million tons and an annual production capacity of 4.1 million tons, achieving a 16.01% year-on-year increase in actual phosphate production in 2024 [2][4] Group 2 - The company reported a revenue of 8.178 billion yuan in 2024, a year-on-year increase of 6.10%, and a net profit of 533 million yuan, a significant year-on-year growth of 28.62% [4][5] - Total assets of Chuanfa Longmang increased from 7.784 billion yuan at the end of 2019 to 19.37 billion yuan by the end of 2024, marking a growth of approximately 148.84% over five years [5] - The company has committed to innovation, with a total R&D investment of 795 million yuan from 2020 to 2024, supporting its dual-driven strategy in phosphate chemicals and new energy materials [5]

Core Viewpoint - The collaboration between Sichuan Development Longmang Co., Ltd. and Fulian Precision Co., Ltd. is seen as a strong alliance between two leading companies in their respective fields, aiming for complementary advantages and mutual benefits [2][3]. Group 1: Partnership Details - Both companies signed a Cooperation Framework Agreement to collaborate in equity and capital, as well as in lithium iron phosphate projects and precursor projects [2]. - They plan to establish a joint venture where Fulian Precision or its designated party will hold 51% and Sichuan Development Longmang or its designated party will hold 49%, to invest in a new 100,000 tons/year high-pressure dense lithium iron phosphate project [2]. - Another joint venture will be formed with Fulian Precision or its designated party holding 49% and Sichuan Development Longmang or its designated party holding 51%, to build a 100,000 tons/year lithium dihydrogen phosphate precursor project [2]. Group 2: Strategic Advantages - Sichuan Development Longmang is recognized as a leading company in the domestic phosphate chemical sector, with a focus on lithium iron phosphate and other new energy materials, creating a dual-driven industrial pattern [3]. - Fulian Precision is a core supplier of intelligent electric control and incremental components for new energy vehicles, known for its advanced high-pressure dense lithium iron phosphate materials with significant technical and performance advantages [3]. - The partnership is expected to enhance both companies' core competitiveness in the new energy materials sector and optimize their resource integration capabilities within a green circular economy industry chain [3].

Core Viewpoint - The article discusses the collaboration between Fulian Precision and Chuanfa Longmang in the lithium iron phosphate (LFP) sector, focusing on high-pressure dense LFP technology and its market implications [4][5][6]. Group 1: Event Overview - The 2025 Fifth Start Point Two-Wheeled Vehicle Battery Swap Conference and Lightweight Power Battery Technology Summit will be held on July 11, 2025, in Shenzhen [2]. - The event is sponsored by various industry leaders, including Yadi Technology Group, Tailin Group, and others [2]. Group 2: Collaboration Details - Fulian Precision and Chuanfa Longmang signed a cooperation framework agreement to collaborate on equity and capital, LFP projects, and precursor projects [4]. - They plan to establish a joint venture for a 100,000 tons/year high-pressure dense LFP project and another for a 100,000 tons/year lithium dihydrogen phosphate precursor project [4][5]. Group 3: Market Position and Performance - Fulian Precision has seen significant growth, with a revenue of 8.47 billion yuan in 2024, a 47.02% increase year-on-year, and a net profit of 397 million yuan, marking a turnaround from losses [9][10]. - The company’s high-pressure dense LFP production capacity is expected to increase from 215,000 tons to 300,000 tons within the year [11]. Group 4: Industry Dynamics - The high-pressure dense LFP market is characterized by a few key players, including Fulian Precision and Hunan Youneng, with increasing production capabilities and product offerings [14][19]. - Companies like Defang Nano and Longpan Technology are also advancing their high-pressure dense LFP products, indicating a competitive landscape with diverse technological approaches [15][18].

Key Points - Jiangnan Water received a stake increase from Lianan Life Insurance, reaching 5.03% of total shares [3] - Yingboer plans to transfer 100% equity of Zhuhai Dingyuan for 239 million yuan to optimize asset structure [4] - Chengbang Co. warns that its stock price fluctuations are not aligned with its fundamentals, as it has seen five consecutive trading days of price increases [6] - Weimais intends to invest 190 million yuan into its subsidiary for a new electric drive assembly project [7] - Fosun Pharma's subsidiary received EU GMP certification for its production facilities, indicating compliance with EU standards [8] - Jingwei Huikai plans to acquire an additional 12.44% stake in Nosi Micro, increasing its control in the semiconductor sector [9] - ST Tongmai will remove its delisting risk warning starting July 4, while continuing other risk warnings [10] - ST Modern seeks to apply for the removal of other risk warnings but will maintain delisting risk warnings [11] - Luxshare Precision is planning to issue H-shares for listing on the Hong Kong Stock Exchange [12] - Hainan Highway intends to purchase a 51% stake in Hainan Jiaokong Petrochemical, which will become a subsidiary [13] - Jucheng Co. plans to transfer 1.25% of its shares through a price inquiry [14] Performance Highlights - Foton Motor reported a 150.96% year-on-year increase in new energy vehicle sales for the first half of the year [15] - Jiangling Motors achieved a total vehicle sales of 172,700 units in the first half, up 8.15% year-on-year [16] - Changan Automobile's sales reached 1.3553 million units in the first half, with new energy vehicle sales growing by 49.05% [17] - Meinuohua expects a net profit increase of 142.84% to 174.52% for the first half of the year [18] - Jihong Co. anticipates a net profit increase of 55% to 65% for the first half of the year [19] - Nanjing Business Travel expects a net profit decrease of 67.4% to 78.27% for the first half of the year [20] - Madi Technology forecasts a net profit of 25 million to 27 million yuan, marking a turnaround from losses in the previous year [21] Major Contracts - Dash Intelligent signed a contract for an intelligent project worth 11.88 million yuan [22] - Jinyi Industrial won a bid for a 335 million yuan intercity railway materials procurement project [23] - Sichuan Road and Bridge signed a construction contract worth approximately 11.596 billion yuan [24] - Fulian Precision signed a cooperation framework agreement with Chuanfa Longmang for lithium battery material projects [26] Share Buybacks - Kweichow Moutai repurchased 72,000 shares in June, totaling 1.02 billion yuan [27] - Feiwo Technology plans to repurchase shares worth 25 million to 50 million yuan [28] - Nengte Technology intends to repurchase shares worth 300 million to 500 million yuan for capital reduction [29] - CATL has repurchased 6.641 million A-shares for a total of 1.551 billion yuan [30] Shareholding Changes - Renfu Pharmaceutical's shareholder plans to increase its stake by 1% to 2% [31] - Sanwei Xinan's shareholder intends to reduce its stake by up to 2% [33] - Data Port's shareholders plan to reduce their stakes by up to 2% [34] - Zhuzhou Design's controlling shareholders plan to reduce their stakes by up to 3% [35] - Tianji Co.'s controlling shareholders plan to reduce their stakes by up to 3% [36] - Anjisi's shareholders plan to reduce their stakes by up to 4% [37] Financing Activities - CITIC Securities received approval to issue up to 20 billion yuan in perpetual subordinated bonds [39]