Group 1 - The epoxy propylene sector experienced a decline of 3.41%, ranking among the top losers in the market, with notable declines in stocks such as Hongqiang Co., which hit the daily limit down, and others like Hongbaoli, Yida Co., and Bohai Chemical [1][2] - The sector saw a net outflow of 9.23 billion yuan in principal funds, with 18 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 30 million yuan. Hongbaoli led the outflow with 5.56 billion yuan, followed by Hangjin Technology, Wanhua Chemical, and Hongqiang Co. [2][3] - The top stocks with net inflows included Satellite Chemical, Zhongchumai, and Shida Shenghua, with inflows of 332.33 million yuan, 2.50 million yuan, and 1.99 million yuan respectively [2][3] Group 2 - The top losers in the epoxy propylene sector included Hongbaoli (-8.60%), Hangjin Technology (-3.77%), and Hongqiang Co. (-9.98%), with significant trading volumes and turnover rates [2][3] - The overall market sentiment reflected a bearish trend, with various sectors such as sodium-ion batteries and transgenic technology also experiencing declines, indicating a broader market pullback [2]

Business Overview - Qixiang Tengda is a state-controlled listed company primarily engaged in chemical manufacturing and international trade, with two main industrial chains: C3 and C4 [1] - The C3 industrial chain includes products such as propylene, epoxy propane, acrylic acid, and butyl acrylate, while the C4 chain includes products like methyl ethyl ketone, anhydride, and nitrile latex [1] Current Profitability - The company's profitable products include tert-butanol, isobutylene, methyl ethyl ketone, acrylic acid, and rubber [2] - In Q1, the company experienced a year-on-year decline in performance due to weak downstream demand, but expects improvement with the easing of trade tensions and declining raw material prices [2] Strategic Implementation - The company plans to extend its industrial chain towards downstream new materials, focusing on alcohols, esters, and polyethers in the C3 chain, and isobutylene and MMA in the C4 chain [2] - It aims to develop specialized chemicals for regional manufacturing needs and high-value fine chemical products through partnerships with research institutions [2] - Mergers and acquisitions will be utilized for rapid industrial chain integration [2] Future Strategic Positioning - Shandong Energy Group aims to position Qixiang Tengda as a key player in the petroleum chemical sector, leveraging its extensive industry experience and comprehensive C3 and C4 chain layout [3] Export Performance - In Q1, the company exported 154,100 tons of products, generating $11.2 million in foreign exchange, indicating continuous growth [4] - Major export regions include East Asia, Southeast Asia, West Asia, Europe, and South America, with flexible adjustments to export volumes based on domestic and international price differences [4]

Core Viewpoint - Shandong Energy Qixiang Tengda is implementing targeted strategies to enhance operational efficiency and market competitiveness, focusing on quality improvement and cost reduction in production and management processes [1] Group 1: Precision Management for Efficiency - The company emphasizes flexible production based on market demand to maximize overall efficiency and ensure stable high output [2] - A market analysis team is closely monitoring market changes to adapt to domestic and international demands, ensuring that production aligns with sales and market needs [2] - The company is leveraging its industrial chain advantages to enhance profitability and reduce costs through comprehensive cost control and management [2] Group 2: Cost Reduction Strategies - The implementation of a "low-cost strategy" is a key focus for the year, with systematic management practices being refined to transition towards lean management [3] - Supply chain optimization is prioritized, with procurement strategies adjusted based on production needs and market conditions to ensure quality and cost-effectiveness [3] - A financial shared service center has been established to centralize financial data management, improving decision-making efficiency [3] Group 3: Production Optimization - The company is focusing on production optimization and cost reduction to enhance output and profitability, addressing bottlenecks in production processes [4] - Regular technical meetings are held to resolve production issues and improve operational efficiency, ensuring that production targets are met [4] - Quality control is prioritized, with advanced equipment and techniques employed to maintain product quality and compliance with industry standards [4]

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 | 债率 53%，公司资金充足，融资顺畅。 | | --- | | 3、环氧丙烷为什么不向 PEEK 方向发展？ | | 回复：感谢您对公司的关注，据了解环氧丙烷无法生产 PEEK 材 | | 料，公司也在规划继续向环氧丙烷下游产业链延伸，关于具体情 | | 况请持续关注公司相关公告。 | | 4、请问苏总，贵公告在公告的质量双提升方案中"16 个投资少， | | 见效快的技改项目"具体是哪些项目，这些项目目前实施进度如 | | 何，总投资约多少，预计会产生多少效益？ | | 贵公司的重点项目 hppo 装置目前技改进度如何，技改后预期会 | | 有具体哪些提升？ | | 贵公司丁腈胶乳项目一直在提要创新改造，目前改造情况如何？ | | 回复：感谢您对公司的关注，公司 16 个项目主要围绕解决公司 | | 现有装置运行瓶颈、提升装置运行效率和产品质量、降低生产成 | | 本等方面开展实施的。目前，前述项目正有序推进中。公司环氧 | | 丙烷项目的技改已接近尾声，公司要结合环氧丙烷市场情况来综 | | 合确定开车时间。公司丁腈胶乳项目的 ...

为进一步加强与投资者的互动交流，淄博齐翔腾达化工股份有限公司（以下 简称"公司"）将参加由山东证监局、山东上市公司协会与深圳市全景网络有限 公司联合举办的"2025 年山东辖区上市公司投资者网上集体接待日活动"，现 将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号（名称：全景财经）；或下载全景 路演 APP,参与本次互动交流。活动时间为 2025 年 5 月 15 日（周四）15:00-16:30。 届时公司高管将在线就公司 2024 年度业绩、公司治理、发展战略、经营状况、 融资计划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交 流，欢迎广大投资者踊跃参与！ 证券代码：002408 证券简称：齐翔腾达 公告编号：2025-029 债券代码：128128 债券简称：齐翔转 2 淄博齐翔腾达化工股份有限公司 关于参加 2025 年山东辖区上市公司投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特此公告。 淄博齐翔腾达化工 ...

Market Performance - The Shanghai Composite Index and Shenzhen Component Index experienced declines of 0.30% and 0.69% respectively on May 5, 2025, while the ChiNext Index and STAR Market 50 fell by 0.87% and 1.96% respectively [1] - Among 33 A-share companies in Zibo, 30 saw an increase, 1 remained flat, and 2 declined during the same period [1] Notable Stock Movements - Weiming Pharmaceutical (002581) achieved a remarkable 23.29% increase over five days, leading the gains [1] - Yahua Electronics (301337) and Jincheng Pharmaceutical (300233) also saw significant increases of 17.30% and 11.31% respectively [1] - On May 7, PEEK material concept stocks surged, with Zhongxin Fluorine Materials (002915) hitting the daily limit for the sixth time in nine days, and Kaisheng New Materials (301069) rising by 2.29% with a trading volume of 4.02 billion yuan [1] Company Announcements - Kehui Co., Ltd. announced a share repurchase plan with a budget between 9 million and 16 million yuan, with a maximum repurchase price of 17 yuan per share, aimed at employee stock ownership plans [1] Financial Results - Furuida (600223) reported a revenue of 526 million yuan in its cosmetics segment for Q1 2025, with a gross margin of 61.06% [3] - Qichang Tenda (002408) achieved total revenue of 5.618 billion yuan in Q1 2025, a year-on-year increase of 2.53%, but saw a significant drop in net profit by 83.18% to 5.4007 million yuan [3] - Xinhua Medical (600587) reported a total revenue of 2.308 billion yuan, down 8.74% year-on-year, with a net profit decline of 23.97% to 160 million yuan [3] - Bohui Paper (600966) reported a total revenue of 4.564 billion yuan, a 3.77% increase year-on-year, but a net profit decline of 46.91% to 53.3737 million yuan [3] Market Capitalization - In terms of market capitalization, Yingke Medical (300677) led with 14.708 billion yuan, followed closely by Shandong Pharmaceutical Glass (600529) at 14.626 billion yuan, and Qichang Tenda (002408) at 12.963 billion yuan [4]

| 证券代码：002408 | 证券简称：齐翔腾达 | 公告编号：2025-028 | | --- | --- | --- | | 债券代码：128128 | 债券简称：齐翔转2 | | 淄博齐翔腾达化工股份有限公司 2024 年度股东大会决议公告 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。 特别提示： 1.本次股东大会未出现否决议案的情形。 2.本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议的召开和出席情况 1、会议召集人:公司第六届董事会 2、本次股东大会现场会议召开时间:2025 年 5 月 9 日下午 14:00； 通过深圳证券交易所互联网投票系统投票时间:2025年5月9日9:15-15:00期 间的任意时间； 通过深圳证券交易所交易系统进行网络投票时间:2025年5月9日上午 9:15-9:25，9:30—11:30，下午13:00—15:00。 3、会议地点：山东省淄博市临淄区杨坡路 206 号 18 楼会议室。 4、会议方式：采取现场投票与网络投票相结合的方式。 5、主持人：公司董事长李庆文先生。 6、本次会议的召集、召开程序符 ...

会社律师事务所 KING&WODD VALLESONS 北京市朝阳区东三环中路1号 环球金融中心办公楼东楼18层 8th Floor, Fast Tower, World Financial Dongsanhuan Zhonglu. Chaovang District Beijing, 100020 P.R. China +86 10 5878 5588 北京市金杜律师事务所 关于淄博齐翔腾达化工股份有限公司 2024年度股东大会 之法律意见书 致:淄博齐翔腾达化工股份有限公司 北京市金杜律师事务所(以下简称本所)接受淄博齐翔腾达化工股份有限 公司(以下简称公司)委托,根据《中华人民共和国证券法》(以下简称《证券 法》)、《中华人民共和国公司法》(以下简称《公司法》)、中国证券监督管理委 贝会《上市公司股东会规则》(以下简称《股东会规则》等中华人民共和国境 内(以下简称中国境内,为本法律意见书之目的,不包括中国香港特别行政区、 中国澳门特别行政区和中国台湾地区）现行有效的法律、行政法规、规章、规 范性文件和现行有效的《淄博齐翔腾达化工股份有限公司章程》(以下简称《公 司章程》)有关规定,指派律师出席了公司于 ...

丨证券研究报告丨 公司研究丨点评报告丨齐翔腾达（002408.SZ） [Table_Title] 一季度业绩企稳向好，景气度有望改善 报告要点 [Table_Summary] 公司发布 2025 年一季度报告：2025 年第一季度营业收入 56.18 亿元，同比上升 2.53%，环比 下降 18.18%；归母净利润 0.05 亿元，同比下降 83.18%，环比扭亏为盈；扣非归母净利润 0.06 亿元，同比下降 80.38%，环比扭亏为盈。 分析师及联系人 [Table_Author] 魏凯 侯彦飞 SAC：S0490520080009 SAC：S0490521050002 SFC：BUT964 SFC：BVN517 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 齐翔腾达（002408.SZ） cjzqdt11111 [Table_Title2] 一季度业绩企稳向好，景气度有望改善 [Table_Summary2] 事件描述 公司发布 2025 年一季度报告：2025 年第一季度营业收入 56.18 亿元，同比上升 2.53%，环比 下降 18.18%；归母净利 ...