证券日报网讯 2月24日，齐翔腾达在互动平台回答投资者提问时表示，公司建有30万吨/年环氧丙烷装 置，该装置采用德国赢创、蒂森克虏伯共有的HPPO（过氧化氢直接氧化法）技术，该工艺具有绿色环 保、技术先进、副产物少等特点。 （文章来源：证券日报） ...

证券日报网讯2月24日，齐翔腾达（002408）在互动平台回答投资者提问时表示，截至2026年1月31日公 司股东人数为56205户。 ...

Group 1 - The latest price quote for Suzhou Huayuan Chemical Co., Ltd. Qi Xiang Teng Da in Jiangsu Province is 6850 yuan per ton [1][3] - The benchmark price from the Business Society is generated based on big data and pricing models, serving as a trading guide price [1][3] - The pricing formula for settlement price is defined as: Settlement Price = Business Society Benchmark Price × K + C, where K is an adjustment coefficient and C includes various cost factors [1][3] Group 2 - The adjustment coefficient K accounts for factors such as account period costs [2][4] - The surcharge C includes logistics costs, brand price differences, and regional price differences [2][4]

Core Viewpoint - Qixiang Tengda has a robust public auxiliary facility system that enhances resource utilization efficiency and supports future capacity expansion [1] Group 1: Infrastructure and Capabilities - The company possesses a comprehensive public auxiliary facility system, including dual-loop power supply, steam pipeline network, nitrogen and compressed air systems, wastewater treatment, and hazardous waste disposal [1] - The self-supply capability of the company's public auxiliary facilities is outstanding, allowing for interconnectivity and resource sharing with other enterprises in the park [1] - This interconnected system significantly improves regional resource utilization efficiency and reserves ample interfaces and redundancy for future high-end capacity expansion [1]

Core Viewpoint - The company Qixiang Tengda has successfully entered the electronic cleaning agent market with its main product, acetone and butanone, and is expanding its product applications into high-end fields such as semiconductor cleaning [1] Group 1: Product Development - The newly launched products, including anhydrous tert-butanol, isopropanol, and hydrogen peroxide, have been purified for applications in semiconductor cleaning and other high-end sectors [1] - The company is actively exploring the extension of phthalic anhydride downstream into new environmentally friendly board materials and the industrialization of MMA into optical-grade PMMA [1]

Core Viewpoint - The company has upgraded its propane dehydrogenation unit to a mixed alkane dehydrogenation unit, significantly improving the utilization efficiency of mixed propane and butane feedstock, enhancing product flexibility and resilience against raw material supply fluctuations [1] Group 1 - The technical transformation allows for the production of high-value isobutylene, which can be used to manufacture downstream fine chemicals such as MTBE, TBA, and high-purity isobutylene [1] - The new product route enhances the company's ability to respond to market changes and strengthens the resilience of the industrial chain [1]

Group 1: Company Infrastructure and Operations - The company has a comprehensive public auxiliary facility system, including dual-loop power supply, steam pipeline network, nitrogen and compressed air systems, wastewater treatment, and hazardous waste disposal, which enhances operational stability and reduces costs [1] - The company’s carbon three industrial chain starts with propylene and extends upstream to propane dehydrogenation (PDH) and downstream to products like epoxy propylene and acrylic acid, improving supply chain resilience [2] Group 2: Product Development and Market Adaptation - The carbon four industrial chain is segmented into four pathways: butene, isobutylene, butane, and isobutane, allowing for dynamic adjustments based on market demand and maximizing value from raw materials to end products [2] - The company is enhancing existing product quality to penetrate high-end application scenarios, with key products like acetone entering the electronic cleaning agent market and new products like anhydrous tert-butanol and isopropanol being used in semiconductor cleaning [2] Group 3: Strategic Expansion and Future Directions - The company is actively exploring extensions into new fields such as environmentally friendly board materials and the industrialization of MMA into optical-grade PMMA, aiming for a transition from basic chemical raw materials to functional, high-purity, and customized materials [2]

Group 1 - The latest price of polybutadiene rubber is 13,020.00 CNY per ton as of February 10, with a 19.56% increase over the last 60 days [3][4] - Relevant producers in the industry include Chuanhua Zhili (002010), Qixiang Tengda (002408), Rongsheng Petrochemical (002493), Sinopec (600028), and China National Petroleum (601857) [3][4] - The method for selecting cyclical stocks involves monitoring raw material price fluctuations to identify buying signals before quarterly and annual reports [3]

Core Viewpoint - The epoxy propylene sector has experienced a significant price surge since January, with various companies seeing substantial stock price increases, driven by supply-demand dynamics and market speculation [2][3][4]. Price Increase - In January, stock prices of companies related to epoxy propylene saw remarkable increases, with Meibang Technology rising by 67.45% and Hongbaoli by 68.92% [3]. - The benchmark price of epoxy propylene reached 8200.00 yuan/ton by January 30, marking a 6.03% increase from the beginning of the month, with some periods seeing nearly a 10% rise [4]. Supply and Demand Dynamics - The price increase is attributed to changes in the supply-demand landscape, with reduced operating loads in northern regions and a positive outlook in the downstream market leading to increased purchasing activity [4][5]. - The cancellation of export tax rebates for certain products is expected to drive a surge in orders before the April deadline, further boosting demand for epoxy propylene [5]. Market Trends - Despite the price surge, there are signs of a cooling market as purchasing sentiment declines due to high prices, leading to a potential downward adjustment in prices [6]. - The epoxy propylene industry is currently experiencing an oversupply situation, with low operating rates and expected new capacity additions by 2026 [6][7]. Demand Growth - Although there is oversupply, demand for epoxy propylene is showing slight growth, particularly in the appliance and export sectors, which is helping to sustain overall demand [7]. - The market is expected to experience fluctuations in February, with potential price rebounds later in the month as downstream factories resume operations [8].

Core Insights - The company has implemented an advanced process control (APC) system integrated with industrial large models to optimize boiler operations, enhancing efficiency and environmental performance [1][2] - The traditional boiler control relied on manual experience, which led to inefficiencies in energy consumption and emissions [1] - The new intelligent control platform allows for data-driven, multi-variable coordination, significantly improving combustion and environmental optimization [2] Group 1: Technological Advancements - The integration of an AI-driven control system represents a significant upgrade from traditional automation, focusing on both economic and environmental benefits [2] - The system employs soft measurement and automatic online optimization mechanisms to create a coal coordination control strategy based on energy balance [2] - Real-time data collection enables dynamic adjustments to coal and air ratios, improving denitrification efficiency and reducing nitrogen oxide emissions [2] Group 2: Environmental and Economic Impact - Since the system's operation, it has reduced carbon dioxide emissions and decreased other pollutants such as nitrogen oxides, sulfur dioxide, and particulate matter by 556.4 kilograms [2] - The company anticipates annual cost savings of 843,000 yuan, achieving a balance between environmental protection and economic efficiency [2]