Core Viewpoint - The governance of "involution" competition in China is deepening, with policies aimed at accelerating the elimination of outdated capacity in the chemical industry, promoting high-quality development by concentrating resources on leading companies with technological advantages and cost control [1] Industry Summary - The global surfactant market is expected to reach sales of $32.97 billion in 2025 and $39.36 billion in 2031, with a CAGR of 3.00% from 2025 to 2031 [2] - The market is witnessing a trend where downstream companies are increasingly selective in choosing suppliers, favoring larger, reputable companies with high-quality products, leading to a more optimized competitive landscape [2] Company Summary - Zanyu Technology (002637.SZ) operates a dual business model of surfactants and oil chemical products, with surfactants being the core business and oil chemical products serving as the growth driver [2] - The company has established a strong position in the domestic AES market, with a market share of 34.91% in 2024, producing 371,300 tons and achieving a sales volume of 372,700 tons [4] - Zanyu Technology has a palm oil production base in Indonesia, providing advantages in procurement costs, convenience, and production efficiency, enhancing its profitability [3][4] - The company is developing an integrated supply chain model that combines surfactant production with OEM/ODM services for daily chemical products, aiming to reduce costs and enhance market competitiveness [3]

Core Insights - The demand for Alkyl Ether Sulfate (AES) is rapidly increasing due to the growth of downstream markets such as detergents and personal care products, with a projected demand of 800,600 tons and a market size of 7.414 billion yuan in 2024 [1][6][7] Overview - AES, also known as Ethoxylated Alkyl Sulfate, is a modified product derived from nonionic surfactant Alkyl Ethoxylate (AEO) through sulfonation and neutralization, possessing both nonionic and anionic surfactant properties [2][3] Market Policies - Recent policies in China aim to guide the AES industry towards green and sustainable development, including initiatives for high-quality development in the petrochemical sector and standards for quality enhancement [4] Industry Chain - The AES industry chain includes upstream suppliers of raw materials like AEO and sulfurizing agents, midstream AES production companies, and downstream markets such as household detergents and personal care products [4][5] Demand Structure - The largest consumer market for AES is household detergents, accounting for 60% of the total demand in 2024, driven by urbanization and increasing population [5][6] Competitive Landscape - The AES market in China is highly concentrated, with leading companies like Licheng Industrial and Zanyu Technology holding a combined market share of 61.46% in 2024, with Zanyu Technology being the largest supplier [8][9] Company Analysis - Zanyu Technology is a leading high-tech enterprise specializing in surfactants and has projected revenues of 10.79 billion yuan in 2024, with surfactants contributing 41.71% of total revenue [8][9] - Licheng Industrial focuses on surfactants and cleaning products, expecting revenues of 3.649 billion yuan in 2024, with surfactant sales making up 92.55% of total revenue [8][9] Development Trends - The AES industry is expected to focus more on environmental sustainability, with an emphasis on biodegradable and low-toxicity products, as well as customization to meet diverse consumer needs [9]

Market Overview - As of October 16, the Shanghai Composite Index closed at 3916.23 points, with a change of +0.10% [1] - The Shenzhen Component Index closed at 13086.41 points, with a change of -0.25% [1] - The ChiNext Index closed at 3037.44 points, with a change of +0.38% [1] Trading Volume Analysis - 1928 stocks saw an increase in average transaction volume, with 38 stocks experiencing a rise of over 50% [1] - 2634 stocks reported a decrease in average transaction volume [1] - Notable stocks with significant increases in average transaction volume include Zanyu Technology, Ruineng Technology, and Aotexun [1] Active Stocks - 12 stocks showed both average transaction volume and transaction count increases exceeding 50% [1] - Top performers in terms of daily price change and transaction volume include: - Zanyu Technology: +9.97% with an average transaction volume increase of 188.61% [1] - Ruineng Technology: +9.99% with an average transaction volume increase of 157.18% [1] - Aotexun: +9.97% with an average transaction volume increase of 150.51% [1] Transaction Count Insights - Stocks with significant increases in transaction count include: - ST Erya: +0.60% with a transaction count increase of 3263.41% [1] - *ST Wanfang: +5.07% with a transaction count increase of 1490.95% [1] - Yuanda Intelligent: +2.09% with a transaction count increase of 876.10% [1]

Core Viewpoint - Zanyu Technology announced that its board of directors received a notification from Mr. Gu Keren, who has completed the required training for independent directors organized by the Shenzhen Stock Exchange and obtained the certification from the Shenzhen Stock Exchange's Entrepreneur Training Center [2] Group 1 - Mr. Gu Keren participated in the online training for independent directors [2] - The training was conducted by the Shenzhen Stock Exchange [2] - Mr. Gu Keren received the Independent Director Training Certificate [2]

截至公司 2025 年第一次临时股东会通知发出之日，谷克仁先生尚未取得独 立董事资格证书。根据深圳证券交易所的相关规定，谷克仁先生已书面承诺参加 最近一次独立董事培训并取得深圳证券交易所认可的独立董事资格证书。 证券代码：002637 证券简称：赞宇科技 公告编号： 2025-051 赞宇科技集团股份有限公司 关于独立董事取得独立董事资格证书的公告 本公司及董事会全体人员保证公告内容真实、准确和完整，并对公告中的 虚假记载、误导性陈述或者重大遗漏承担责任。 赞宇科技集团股份有限公司（以下简称"公司"）于 2025 年 10 月 9 日召开 2025 年第一次临时股东会，审议通过了《关于董事会换届选举独立董事的议案》， 选举谷克仁先生为公司第七届董事会独立董事，任期自本次股东会审议通过之日 起三年。 近日，公司董事会收到谷克仁先生的通知，谷克仁先生已按规定参加深圳证 券交易所举办的上市公司独立董事任前培训（线上），并取得了由深圳证券交易 所创业企业培训中心颁发的《上市公司独立董事培训证明》。 特此公告！ 赞宇科技集团股份有限公司 董事会 2025 年 10 月 13 日 ...

Core Viewpoint - Zanyu Technology (002637) is positioned to benefit from rising palm oil prices due to its ability to pass on raw material cost increases to product prices, supported by strong sales growth in its surfactants and oil chemical products [1][2]. Company Performance - In the first half of 2025, Zanyu Technology achieved revenue of 6.553 billion yuan, a year-on-year increase of 41.71%, with surfactants and oil chemical products generating revenues of 2.987 billion yuan and 3.421 billion yuan, respectively, reflecting growth rates of 56.14% and 30.36% [1]. - The net cash flow from operating activities reached 517 million yuan, marking a significant year-on-year increase of 557.13%, indicating improved operational quality [1]. Strategic Initiatives - The company is enhancing operational resilience by refining supply chain management and optimizing inventory and procurement strategies to mitigate the impact of raw material price fluctuations [2]. - Zanyu Technology is expanding its market presence by focusing on the development and promotion of specialty functional products and enhancing foreign trade channels, leading to stable performance growth [2]. Production and Supply Chain - Zanyu Technology has established a modern production base in Jakarta, Indonesia, which allows it to secure palm oil raw materials more effectively, benefiting from favorable procurement prices and reduced transportation costs [2][3]. - The company has developed a dual-main business model in surfactants and oil chemical products, which allows for resource sharing and process synergy, thereby reducing intermediate costs and enhancing production efficiency [3]. Industry Outlook - The global surfactants market is projected to grow from $47.36 billion in 2024 to $70.13 billion by 2032, with a CAGR of 4.9%, while the oil chemical products market is expected to increase from $40.37 billion to $65.38 billion, with a CAGR of 6.3% during the same period [4]. - Zanyu Technology is well-positioned to capitalize on market expansion, with over ten modern production bases in Zhejiang, achieving an annual production capacity of over 1.2 million tons for surfactants and over 1 million tons for oil chemical products [4]. Competitive Advantage - The company is leveraging its comprehensive technology and production capacity to strengthen its competitive position in the surfactants and oil chemical products industry, aiming to build differentiated competitive barriers and sustain long-term growth potential [5].

证券日报网讯 10月10日晚间，赞宇科技发布公告称，截至2025年9月30日，公司通过回购专用证券账户 以集中竞价交易方式累计回购股份数量为405.98万股，占公司股份总数的比例为0.86%。 （文章来源：证券日报） ...

Group 1 - The company Zanyu Technology (002637.SZ) announced a share buyback program, with a total of 4.0598 million shares repurchased, accounting for 0.86% of the total shares outstanding [1] - The highest transaction price during the buyback was RMB 10.99 per share, while the lowest was RMB 8.09 per share [1] - The total amount spent on the buyback reached RMB 39,767,364.92, excluding transaction fees [1] Group 2 - The buyback price did not exceed the proposed price of RMB 13.87 per share as outlined in the buyback plan (adjusted for dividends) [1]

证券代码：002637 证券简称：赞宇科技 公告编号： 2025-050 赞宇科技集团股份有限公司 关于回购进展的公告 本公司及董事会全体人员保证公告内容真实、准确和完整，并对公告中的虚 假记载、误导性陈述或者重大遗漏承担责任。 赞宇科技集团股份有限公司（以下简称"公司"）于2024年11月19日召开第六 届董事会第十八次会议，审议通过了《关于回购股份的方案》，公司拟使用自有 资金或银行专项贷款资金以集中竞价交易方式回购部分公司已在境内发行的人 民币普通股（A股）股票，用于后期实施股权激励或员工持股计划。原定本次回 购股份价格不超过13.99元/股（含），2024年年度权益分派实施后调整股份回购 价格上限为13.87元/股（含）（详见2025-030公告），本次回购股份的资金总额 为不低于人民币10,000万元（含）且不超过人民币20,000万元（含），具体回购 资金总额以回购结束时实际回购使用的资金总额为准。公司本次回购股份的期限 自董事会审议通过本次回购股份方案之日起12个月内。具体内容详见公司在《证 券时报》和巨潮资讯网（www.cninfo.com.cn）上披露的《关于回购公司股份方 案暨取得金融机构 ...

Core Viewpoint - Zanyu Technology announced the election of Zhang Jingguo as the chairman of the board on the evening of October 9 [2] Company Summary - Zanyu Technology has made a significant leadership change by electing Zhang Jingguo as the new chairman [2]