Group 1 - On September 19, Baichuan Co., Ltd. executed a block trade of 394,700 shares, with a transaction value of 2.5616 million yuan, accounting for 0.62% of the total transaction volume for the day [1][2] - The transaction price was 6.49 yuan per share, representing a discount of 10.73% compared to the market closing price of 7.27 yuan [1][2]

（文章来源：每日经济新闻） 百川股份（002455.SZ）9月19日在投资者互动平台表示，公司目前未有生产液冷服务器，公司技术团队 将对其发展态势进行持续关注，后续如有相关布局投资，公司会及时公告。 每经AI快讯，有投资者在投资者互动平台提问：贵公司生产的液冷储能电池簇产品中的液冷技术可以 借鉴到液冷服务器中，公司是否有相关业务或者有相关业务的拓展意愿？ ...

Company Overview - Baichuan Co., Ltd. is located in Jiangyin City, Jiangsu Province, and was established on July 1, 2002. The company was listed on August 3, 2010. Its main business involves fine chemicals, new materials, and new energy [1] - The revenue composition of Baichuan Co., Ltd. is as follows: chemical products account for 75.51%, new materials account for 18.65%, and new energy accounts for 5.84% [1] Financial Performance - As of June 30, 2025, Baichuan Co., Ltd. achieved an operating income of 2.91 billion yuan, representing a year-on-year growth of 10.40%. However, the net profit attributable to shareholders decreased by 47.06% to 53.93 million yuan [2] - Since its A-share listing, Baichuan Co., Ltd. has distributed a total of 550 million yuan in dividends, with 65.31 million yuan distributed over the past three years [3] Stock Market Activity - On September 19, Baichuan Co., Ltd. saw its stock price increase by 2.10%, reaching 7.28 yuan per share, with a trading volume of 141 million yuan and a turnover rate of 3.78%. The total market capitalization is 4.326 billion yuan [1] - Year-to-date, the stock price has decreased by 1.75%, but it has increased by 4.90% over the last five trading days and by 3.41% over the last 20 days [1] - As of June 30, 2025, the number of shareholders is 80,600, a decrease of 6.93% from the previous period, while the average number of circulating shares per person increased by 7.44% to 6,438 shares [2] Shareholding Structure - As of June 30, 2025, Hong Kong Central Clearing Limited is the fifth-largest circulating shareholder, holding 2.8441 million shares, an increase of 859,400 shares compared to the previous period [3]

Core Viewpoint - Baichuan Co., Ltd. has developed high-end pitch coke with excellent properties such as low CTE, high strength, and good thermal and electrical conductivity, suitable for various advanced applications [2] Group 1: Product Development - The high-end pitch coke developed by the company is characterized by low CTE and high strength [2] - The product exhibits good thermal and electrical conductivity, making it suitable for precision molds, semiconductors, and photovoltaic thermal field materials [2] Group 2: Market Applications - The high-end pitch coke can be used in the production of high-end isostatic graphite required in markets such as nuclear graphite and aerospace materials [2]

Core Viewpoint - The company Baichuan Co., Ltd. (002455) has stated that it currently does not produce PEEK materials [1] Company Summary - Baichuan Co., Ltd. responded to investor inquiries on September 18, indicating the absence of PEEK material production [1]

Group 1 - A total of 83 stocks experienced block trades in the A-share market on September 18, with a total transaction value of 11.257 billion yuan [1] - The top three stocks by transaction value were Pudong Development Bank (6.368 billion yuan), Shenghong Technology (3.073 billion yuan), and Haoyuan Pharmaceutical (276 million yuan) [1] - Among the stocks, 21 were traded at par, 8 at a premium, and 54 at a discount; the highest premium rates were for Bangyan Technology (12.72%), Pudong Development Bank (3.29%), and Huayu Pharmaceutical-W (2.99%) [1] Group 2 - The top stocks by institutional buy amounts included Shenghong Technology (2.499 billion yuan), Dameng Data (70.342 million yuan), and Yinzhijie (54.357 million yuan) [1] - The top stocks by institutional sell amounts were Sanhua Intelligent Controls (9.11 million yuan), New Industry (7.968 million yuan), and Hailiang Co. (4.9551 million yuan) [2]

9月18日，百川股份大宗交易成交279.7万股，成交额1784.49万元，占当日总成交额的4.95%，成交价 6.38元，较市场收盘价7.13元折价10.52%。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) (万元) | | | | | 2025-09-18 | 002455 | 直川股份 | 6.38 | 31.50 | 200.97 机构专用 | | 广发证券股份有限 | | | | | | | | | 公司无锡太湖东大 | | | | | | | | | 道证券营业部 | | 2025-09-18 | 002455 | 直川股份 | 6.38 | 31.50 | 200.97 机构专用 | | 广发证券股份有限 | | | | | | | | | 公司无锡太湖东大 | | | | | | | | | 道证券营业部 | | 2025-09-18 | 002455 | 直川股份 | 6.38 ...

Company Overview - Baichuan Co., Ltd. is located in Jiangyin City, Jiangsu Province, and was established on July 1, 2002. The company was listed on August 3, 2010. Its main business involves fine chemicals, new materials, and new energy sectors [1]. - The revenue composition of Baichuan Co., Ltd. is as follows: chemical products account for 75.51%, new materials account for 18.65%, and new energy accounts for 5.84% [1]. Financial Performance - As of June 30, 2025, Baichuan Co., Ltd. achieved an operating income of 2.91 billion yuan, representing a year-on-year growth of 10.40%. However, the net profit attributable to shareholders decreased by 47.06% to 53.93 million yuan [2]. - Since its A-share listing, Baichuan Co., Ltd. has distributed a total of 550 million yuan in dividends, with 65.31 million yuan distributed over the past three years [3]. Stock Market Activity - On September 18, Baichuan Co., Ltd.'s stock price increased by 2.26%, reaching 7.25 yuan per share, with a trading volume of 190 million yuan and a turnover rate of 5.17%. The total market capitalization is 4.308 billion yuan [1]. - Year-to-date, the stock price has decreased by 2.16%, but it has increased by 3.13% over the last five trading days, 2.40% over the last 20 days, and 0.14% over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders of Baichuan Co., Ltd. is 80,600, a decrease of 6.93% from the previous period. The average number of circulating shares per person is 6,438, an increase of 7.44% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest, holding 2.8441 million shares, an increase of 859,400 shares compared to the previous period [3]. Capital Flow - In terms of capital flow, there was a net outflow of 7.27 million yuan from main funds, with large orders buying 29.55 million yuan (15.54% of total) and selling 38.30 million yuan (20.14% of total) [1].

Group 1 - The company has not yet developed or produced PEEK materials [2] - The inquiry about PEEK materials was made by an investor on an interactive platform [2] - The company's response was provided on September 18 [2]

Core Viewpoint - Baichuan Co., Ltd. (002455) has not yet commenced production of solid-state batteries, but the company is monitoring the development trends in battery technology and will consider future investments accordingly [1] Company Summary - Baichuan Co., Ltd. is currently not producing solid-state batteries [1] - The company's technical team is focused on keeping track of advancements in battery technology [1] - Future strategic decisions regarding battery production will be made based on ongoing assessments of technology trends [1]