Market Overview - The refining and trading sector experienced a decline of 0.19% on September 29, with Compton leading the drop [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Stock Performance - Daqing Huake (000985) saw a significant increase of 10.00%, closing at 19.91 with a trading volume of 59,900 shares and a turnover of 117 million yuan [1] - Other notable gainers included Bohui Co. (300839) with a 4.42% increase, Baocao Co. (002476) up 2.10%, and Maohua Shihua (000637) rising by 1.95% [1] - Conversely, Compton (603798) led the declines with a drop of 3.70%, closing at 16.64, alongside Rongsheng Petrochemical (002493) down 3.24% [2] Capital Flow - The refining and trading sector saw a net outflow of 66.36 million yuan from institutional investors, while retail investors contributed a net inflow of 2.50 million yuan [2] - The main stocks with significant capital inflow included Daqing Huake with 39.99 million yuan and China Petroleum (601857) with 35.17 million yuan [3] - Notably, Baocao Co. experienced a net inflow of 20.54 million yuan from institutional investors, despite a net outflow from retail investors [3]

Group 1 - The company, Baomo Co., stated on September 25 that all capital operations are conducted in strict accordance with relevant laws, regulations, and regulatory requirements [1] - The company ensures timely and fair disclosure of matters that meet information disclosure standards, guaranteeing the authenticity, accuracy, and completeness of information [1] - The company emphasizes the protection of all investors' right to know [1]

Group 1 - The core viewpoint of the news highlights the trading performance and financial metrics of Baomo Co., Ltd., indicating a stable increase in financing activities and a significant rise in revenue and net profit for the first half of 2025 [1][2]. - As of September 24, Baomo's stock price increased by 0.17%, with a trading volume of 260 million yuan, and a net financing purchase of 6.39 million yuan, reflecting strong investor interest [1]. - The financing balance of Baomo reached 274 million yuan, accounting for 7.74% of its market capitalization, indicating a high level of leverage compared to the past year [1]. Group 2 - For the first half of 2025, Baomo reported an operating income of 268 million yuan, representing a year-on-year growth of 26.16%, and a net profit attributable to shareholders of 15.85 million yuan, which is a 129.30% increase compared to the previous year [2]. - The company has distributed a total of 131 million yuan in dividends since its A-share listing, with 12.24 million yuan distributed over the last three years [3]. - As of June 30, 2025, Baomo's top ten circulating shareholders included Changcheng Industry Rotation Mixed Fund, holding 1.97 million shares, while another fund, Changcheng Anxin Return Mixed Fund, exited the top ten list [3].

Market Overview - The refining and trading sector increased by 0.17% on September 24, with Guangju Energy leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Stock Performance - Guangju Energy (000096) closed at 11.57, up 3.40% with a trading volume of 101,500 shares and a turnover of 116 million yuan [1] - Baoli International (300135) closed at 4.59, up 3.38% with a trading volume of 690,400 shares and a turnover of 314 million yuan [1] - Tongkun Co. (601233) closed at 14.11, up 3.14% with a trading volume of 260,000 shares and a turnover of 362 million yuan [1] - Other notable stocks include Wanbangda (300055) up 2.50%, Guochuang Gaoxin (002377) up 2.35%, and Kangjindun (603798) up 2.15% [1] Capital Flow - The refining and trading sector saw a net inflow of 132 million yuan from institutional investors, while retail investors experienced a net outflow of 118 million yuan [2] - The main capital flow data indicates that Baoli International had a net inflow of 39.09 million yuan from institutional investors, while retail investors had a net outflow of 41.85 million yuan [3] - China Petroleum (601857) also saw a net inflow of 33.19 million yuan from institutional investors, despite a net outflow from retail investors [3]

Market Overview - The Shanghai Composite Index decreased by 0.03% at the close, with a trading volume of 979.60 million shares and a turnover of 15,108.13 billion yuan, representing a 12.16% decrease from the previous trading day [1] Industry Performance - The coal industry showed the highest increase at 1.97%, with a transaction amount of 111.71 billion yuan, up 41.65% from the previous day, led by Huayang Co., which rose by 8.09% [1] - The defense and military industry increased by 1.66%, with a transaction amount of 431.15 billion yuan, up 6.87%, led by Guorui Technology, which rose by 9.99% [1] - The non-ferrous metals sector rose by 1.42%, with a transaction amount of 597.97 billion yuan, down 14.34%, led by Ganfeng Lithium, which increased by 10.00% [1] - The automotive sector experienced the largest decline at 1.63%, with a transaction amount of 1,040.70 billion yuan, down 7.43%, led by Haon Automotive, which fell by 11.48% [2] - The pharmaceutical and biological sector decreased by 1.04%, with a transaction amount of 682.17 billion yuan, down 8.78%, led by Saily Medical, which fell by 6.22% [2] - The real estate sector declined by 0.97%, with a transaction amount of 242.96 billion yuan, down 8.46%, led by Suning Universal, which decreased by 10.12% [2]

Core Viewpoint - Inorganic flocculants demonstrate significant application value across various fields, with water treatment being the core application area. The market for inorganic flocculants in China is projected to reach 3.049 billion yuan in 2024, reflecting a year-on-year growth of 4.38% [1][6]. Industry Overview - Inorganic flocculants, also known as inorganic coagulants, are water treatment agents composed of inorganic components (such as aluminum salts, iron salts, and silicates). They function through physical and chemical actions to aggregate suspended particles and colloids in water, forming larger flocs that can settle [2][3]. Industry Chain - The upstream of the inorganic flocculant industry chain includes raw materials like aluminum salts (aluminum hydroxide, aluminum sulfate), iron salts (ferric chloride, ferrous sulfate), and silicates (sodium silicate). The midstream involves the production and manufacturing of inorganic flocculants, while the downstream applications span water treatment, oil and gas, papermaking, and mining [3][4]. Market Size - The inorganic flocculant market in China is expected to reach 3.049 billion yuan in 2024, with a year-on-year growth of 4.38%. The demand for inorganic flocculants is driven by the need for effective removal of pollutants in municipal and industrial wastewater treatment [1][6]. Key Companies - Shandong Baomo Biological Chemical Co., Ltd. focuses on fine chemicals and environmental water treatment, with a production capacity of 30,000 tons/year for acrylamide and 33,000 tons/year for anionic polyacrylamide. In the first half of 2025, the company reported a revenue of 268 million yuan, up 26.16% year-on-year [7]. - Jiangsu Fumiao Technology Co., Ltd. specializes in hydrophilic functional polymers, with products used in various applications including papermaking and water treatment. In the first half of 2025, the company reported a revenue of 721 million yuan, down 5.80% year-on-year [8]. Industry Development Trends 1. The inorganic flocculant industry will increasingly focus on technological innovation and product upgrades, driven by rising environmental standards. Companies are expected to invest more in R&D to develop more efficient and eco-friendly products [9]. 2. The application of intelligent and automated technologies will become a significant trend, enhancing production efficiency and product quality while reducing costs and energy consumption [10]. 3. The market applications for inorganic flocculants will continue to expand, particularly in municipal wastewater treatment and industrial applications, with a noticeable trend towards industry consolidation as larger companies seek to increase market share [10].

Group 1 - The company Baomo Co., Ltd. (002476) reported that as of September 10, 2025, the total number of shareholders is 41,593 [1]

Group 1 - The company announced the decision to dissolve its wholly-owned subsidiary, Guangxi Baomo Industrial Co., Ltd. [1] - The board meeting to approve the dissolution is scheduled for April 18, 2025 [1] - The company has received a registration notice from the market supervision administration confirming the acceptance of the dissolution application [1] Group 2 - As of the date of the announcement, Guangxi Baomo has completed all necessary deregistration procedures [1]

证券代码：002476 证券简称：宝莫股份 公告编号：2025-042 本次注销完成后，广西宝莫将不再纳入公司合并财务报表范围。此次注销不 会对公司整体业务发展和盈利水平产生重大不利影响，亦不存在损害公司及全体 股东利益的情形。 二、备查文件 《登记通知书》。 特此公告。 关于公司全资二级子公司完成注销登记的公告 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。 一、注销情况概述 山东宝莫生物化工股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日 召开第七届董事会第六次会议，审议通过《关于拟注销公司全资二级子公司的议 案》，同意注销全资二级子公司广西宝莫实业有限公司（以下简称"广西宝莫"）， 并授权公司管理层依法办理相关清算和注销事宜。具体内容详见公司 2025 年 4 月 22 日披露于巨潮资讯网（http://www.cninfo.com.cn/）的《关于拟注销公司 全资二级子公司的公告》（公告编号：2025-019）。 公司此前已收到来宾市兴宾区市场监督管理局出具的《登记通知书》，显示 该局已对广西宝莫提交的公司注销登记申请予以登记。截至本 ...

Group 1 - The board meeting of Shandong Baomo Biological Chemical Co., Ltd. was held on September 4, 2025, with all 9 directors present, complying with legal and regulatory requirements [1][2]. - The board approved the agenda items with a unanimous vote of 9 in favor, 0 against, and 0 abstentions [1]. - The board agreed to waive the advance notice requirement for this meeting based on the company's actual situation and its articles of association [1]. Group 2 - The company disclosed the progress of its share repurchase transaction in a separate announcement on the same day [2]. - The minutes of the board meeting are available for review as part of the company's official documentation [2].