Core Insights - The latest price of butadiene as of February 4 is 10,300.00 CNY per ton, with a recent increase of 11.07% over the last 15 days, 20.00% over the last 30 days, and 47.85% over the last 60 days [2][4] Industry Overview - Butadiene is experiencing significant price increases, indicating potential opportunities for investment in related companies [2][4] - The companies involved in butadiene production include Huajin Co., Ltd. (000059), Qixiang Tengda (002408), Rongsheng Petrochemical (002493), Satellite Chemical (002648), Sinopec (600028), Wanhua Chemical (600309), Hengli Petrochemical (600346), and China National Petroleum (601857) [2][4] Investment Strategy - The cyclical stock selection method focuses on companies that produce raw materials, where profits are highly influenced by raw material price fluctuations [2][4] - Utilizing the price fluctuation data from the business community can help identify buy signals for cyclical stocks ahead of quarterly and annual reports, making it a crucial strategy for investing in this sector [2][4]

Core Viewpoint - The company has successfully completed its 8,000 tons/year high-performance catalytic new materials project, which is now in the trial production phase, significantly enhancing its self-supply capability in the high-end catalytic materials sector [1] Group 1: Project Details - The project includes a 3,000 tons/year copper series catalyst and a 5,000 tons/year cobalt-molybdenum series catalyst [1] - The production launch will strengthen the company's resilience in the supply chain and solidify its technological moat [1] Group 2: Industry Impact - The high value-added nature of the products and the accelerating trend of domestic substitution in the industry will elevate the company's long-term profit baseline [1] - The project will provide crucial catalytic support for the green and low-carbon transformation of the chemical industry [1] Group 3: Future Plans - The company will continue to focus on the iterative upgrade of core catalyst technologies and accelerate research and development in key areas such as propylene oxide and MMA catalysts [1] - It aims to advance pilot testing and industrial application based on existing facilities, promoting large-scale domestic substitution of high-end catalysts and reinforcing its technological leadership in green chemicals and new materials [1]

Core Viewpoint - The company, Qixiang Tengda, has disclosed its operational capabilities and strategies in the production of butadiene and nitrile latex, highlighting its strong market position and risk management strategies [1] Group 1: Production Capabilities - The company operates butadiene extraction and oxidative dehydrogenation processes, with existing facilities running at full capacity [1] - The production of polybutadiene rubber dominates the output, while nitrile latex is closely tied to the downstream medical protective equipment sector [1] Group 2: Risk Management - The self-sufficiency rate of butadiene from the company's facilities has exceeded 80%, significantly reducing the volatility risk associated with raw material procurement [1] Group 3: Market Strategy - The company leverages its dual-process coordination capabilities to dynamically adjust and optimize product structure based on market price differentials, ensuring maximization of profits from both butadiene rubber and nitrile latex [1]

Core Viewpoint - The company maintains a high operational load across its main facilities, with an overall capacity utilization rate stable at over 90%, and has established an efficient collaborative industrial pattern for C3 and C4 resources [1] Group 1: C4 Industry Chain - The main products of the C4 industry chain include acetone, maleic anhydride, polybutadiene rubber, nitrile latex, MTBE, tert-butanol, isobutylene, methacrylic acid, and methyl methacrylate, which are the core of the company's current profitability [1] - The company aims to leverage the core competitive advantages of the C4 industry chain and continuously strengthen its market dominance in high value-added products such as acetone and maleic anhydride [1] Group 2: C3 Industry Chain - The C3 industry chain is centered around propylene, with extended layouts in propylene oxide, acrylic acid, and butyl acrylate, creating a differentiated competitive advantage [1] - The company plans to accelerate the technological upgrades of the C3 industry chain and the pace of industrial chain extension, promoting deep coupling and collaborative development between the C3 and C4 industry chains [1]

Core Viewpoint - The company is actively exploring new application scenarios for its nitrile latex production, aiming to expand its development space in high-value-added fields such as battery adhesives and sealing materials for new energy batteries [1] Group 1: Production Capacity and Current Focus - The company's nitrile latex facility has a designed production capacity of 200,000 tons per year, primarily for the production of high-end medical and industrial nitrile gloves [1] - The current demand for medical protective equipment has entered a normalization phase [1] Group 2: Innovation and Development - The company is focusing on developing new applications to broaden its market opportunities [1] - The self-developed large particle size emulsion MBS has successfully passed pilot testing and is preliminarily ready for industrialization [1]

格隆汇2月5日丨齐翔腾达(002408.SZ)披露投资者关系活动记录表显示，公司控股子公司齐鲁科力投资 建设的8000吨/年高性能催化新材料项目已顺利建成，正式进入试生产阶段。该项目涵盖3000吨/年铜系 列催化剂项目与5000吨/年钴钼系列催化剂项目，其投产将显著提升公司在高端催化材料领域的自主供 给能力，强化产业链韧性，筑牢技术护城河；同时依托产品的高附加值属性及国产替代加速推进的行业 趋势，将抬升公司长期盈利中枢，也为化工行业绿色低碳转型提供关键催化支撑。未来公司还将继续围 绕催化剂核心技术推动迭代升级，加快推进环氧丙烷、MMA催化剂等关键领域的研发，依托现有装置 推进中试验证及产业化应用，并加速实现高端催化剂的规模化国产替代，持续强化在绿色化工与新能源 材料领域的技术领先优势。 ...

Core Viewpoint - The company has established a stable operation of its butadiene extraction and oxidative dehydrogenation processes, primarily producing polybutadiene rubber and nitrile latex, with a focus on maximizing profits through dynamic product structure optimization based on market price differences [1] Group 1 - The company operates butadiene extraction and oxidative dehydrogenation processes, with existing facilities running at full capacity [1] - Polybutadiene rubber production capacity dominates, while nitrile latex is closely tied to the downstream nitrile latex glove and medical protective sectors [1] - The self-sufficiency rate of butadiene from the company's butadiene facilities has exceeded 80%, significantly reducing raw material procurement volatility risks [1] Group 2 - The company leverages dual-process collaborative scheduling capabilities to dynamically adjust and optimize product structure [1] - This strategy aims to ensure maximum profitability for both butadiene rubber and nitrile latex products [1]

Core Viewpoint - The company maintains a high operational load across its main facilities, with an overall capacity utilization rate stable at over 90%, and has established an efficient collaborative industrial pattern for C3 and C4 resources [1] Group 1: C4 Industry Chain - The main products of the C4 industry chain include acetone, maleic anhydride, polybutadiene rubber, nitrile latex, MTBE, tert-butanol, isobutylene, methacrylic acid, and methyl methacrylate, which are the core of the company's current profitability [1] - The company aims to leverage the core competitive advantages of the C4 industry chain and continuously strengthen its market dominance in high value-added products such as acetone and maleic anhydride [1] Group 2: C3 Industry Chain - The C3 industry chain centers around propylene, extending its layout to include propylene oxide, acrylic acid, and butyl acrylate, thereby constructing a differentiated competitive advantage [1] - The company plans to accelerate the technological upgrades of the C3 industry chain and the pace of industrial chain extension, promoting the deep coupling and collaborative development of the C3 and C4 industry chains [1]

南财智讯2月5日电，齐翔腾达在投资者关系活动中表示，公司核心产品甲乙酮设计产能26万吨/年，实 际产能可提升至33万吨/年，国内市场占有率稳定保持在40%左右，出口占比高达58%，稳居行业龙头地 位。 ...

证券代码：002408 证券简称：齐翔腾达 淄博齐翔腾达化工股份有限公司投资者关系活动记录表 编号：20260204 投资者关系活动 类别 ☑ 特定对象调研 □ 分析师会议 □ 媒体采访 □ 业绩说明会 □ 新闻发布会 □ 路演活动 □ 现场参观 □ 电话会议 □ 其他 参与单位名称及 人员姓名 东方证券 陈传双 时间 2026 年 2 月 4 日 地点 公司会议室 上市公司接待人 员姓名 董事会秘书 姜能成 证券事务代表 车俊侠 投资者关系活动 主要内容介绍 公司董事会秘书姜能成先生就公司生产经营情况和产业规 划情况进行介绍。 调研的主要问题： 1、请介绍一下公司当前主要装置产能运行情况？ 回复：公司当前主要装置均保持高负荷运行状态，整体产能 利用率持续稳定在 90%以上，公司已构建起碳三碳四资源高效协 同的产业格局；其中，碳四产业链的主要产品涵盖甲乙酮、顺酐、 顺丁橡胶、丁腈胶乳、MTBE、叔丁醇、异丁烯、甲基丙烯酸、甲 基丙烯酸甲酯等，是公司当前盈利的核心；碳三产业链则以丙烯 为核心枢纽，延伸布局环氧丙烷、丙烯酸、丙烯酸丁酯等产品， 构建起差异化竞争优势；公司将充分发挥碳四产业链的核心竞争 优势，持续强 ...