Group 1 - The core point of the article is that Zanyu Technology announced the repurchase of shares, totaling 2.0495 million shares, which represents 0.44% of the company's total shares [2] Group 2 - The share repurchase was conducted through a dedicated securities account via centralized bidding [2] - The announcement was made on the evening of August 1 [2] - The repurchase is set to be completed by July 31, 2025 [2]

证券代码：002637 证券简称：赞宇科技 公告编号： 2025-033 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 ...

Summary of Key Points Core Viewpoint - Zanyu Technology (002637.SZ) announced a share buyback program, indicating a commitment to enhancing shareholder value through strategic capital allocation [1] Company Actions - As of July 31, 2025, the company has repurchased a total of 2.0495 million shares, which represents 0.44% of the total shares outstanding [1] - The highest transaction price during the buyback was RMB 9.70 per share, while the lowest was RMB 8.09 per share [1] - The total amount spent on the share repurchase reached RMB 18.58535 million, excluding transaction fees [1]

Summary of Zanyu Technology Conference Call Company Overview - **Company**: Zanyu Technology - **Industry**: Palm Oil and Surfactants Key Points Industry and Market Dynamics - Zanyu Technology benefits from Indonesia's palm oil tariff policy, reducing raw material costs through local procurement and processing, enhancing profitability [2][4] - Palm oil prices are closely linked to the company's performance, with historical data showing a direct correlation between the two [6] - Global palm oil supply has stabilized since 2018 due to slowed planting area growth and declining yields from aging trees, with expectations for stable supply over the next three years [2][11] - Demand for palm oil is primarily driven by food consumption and industrial uses, with biodiesel demand growing, particularly in Indonesia [2][12] Financial Performance and Projections - The company's Duku Da project is undergoing capacity expansion from 600,000 tons to 1,100,000 tons, expected to significantly enhance profitability starting in Q3 [2][15] - The surfactant business has a capacity of 1,200,000 tons, with a focus on improving operating rates to recover margins after initial low utilization [2][16] - The company anticipates overall earnings of approximately 400 million yuan in 2025, with projections exceeding 500 million yuan in 2026 and 600 million yuan in 2027, based on conservative estimates [20] Pricing and Cost Factors - Palm oil prices exhibit seasonal fluctuations, typically higher during the reduction season and lower during the production season, with a gradual upward trend in price floors [14] - The company's profitability is expected to improve as palm oil prices rise, with estimates suggesting a potential profit of 900-1,000 yuan per ton in 2025 [15] Competitive Position and Strategic Initiatives - The Duku Da project is positioned to enhance market competitiveness and profitability, with optimistic recovery prospects for gross margins as operational efficiency improves [5][18] - The surfactant business is expanding its client base, including major brands like Blue Moon and Procter & Gamble, while focusing on cost-saving measures through local production [16] Risks and Considerations - The palm oil market faces potential risks from environmental regulations and land use policies in Indonesia, which could impact future supply growth [9][10] - The company’s valuation is currently considered low, presenting potential investment opportunities as production ramps up and seasonal price increases occur [21] Conclusion - Zanyu Technology is well-positioned to capitalize on favorable market conditions in the palm oil sector, with strategic expansions and a focus on improving operational efficiencies expected to drive future growth and profitability [17][19]

Investment Rating - Industry Rating: Neutral (maintained rating) [6] Core Viewpoints - The report highlights the recent price increases in key chemical products such as soda ash, organic silicon, and MDI, driven by strong demand and supply constraints [1][3] - The basic chemical sector outperformed the Shanghai and Shenzhen 300 index, with a weekly increase of 4.25% compared to 1.69% for the index, indicating a positive market sentiment [4][16] - The report suggests that the industry may be at a cyclical bottom, with a focus on supply-demand marginal changes [5] Summary by Sections Key News Tracking - The National Development and Reform Commission issued a revised method for energy consumption and carbon emission management for fixed asset investment projects, which is expected to enhance energy efficiency reviews [1][13] Product Price Monitoring - Key chemical products saw significant price changes, with organic silicon and TDI prices increasing by 11.6% and 6.8% respectively, while DMF and acetic acid prices decreased by 5.7% and 1.3% [2][26] - The report notes that 85 out of 345 tracked chemical products experienced price increases, while 79 saw declines [26] Sector Performance - The basic chemical sector's weekly performance was strong, with notable increases in synthetic resin (+21.94%), soda ash (+14.45%), and organic silicon (+9.01%) [4][18] - The report lists the top-performing stocks in the basic chemical sector, with significant gains for companies like Shangwei New Materials (+97.37%) and Henghe Precision (+64.42%) [21] Investment Insights - The report recommends focusing on sectors with stable demand and potential for recovery, such as organic silicon and amino acids, while also highlighting companies that may benefit from domestic demand [5][6] - It emphasizes the importance of supply-side reforms and cost factors in pricing strategies to mitigate market volatility [5]

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"）第二期员工持股计划第二 个锁定期解锁股票已出售完毕。根据中国证监会《关于上市公司实施员工持股计 划试点的指导意见》《深圳证券交易所上市公司自律监管指引第1号——主板上 市公司规范运作》及公司《第二期员工持股计划》等相关规定，现将有关事项公 告如下： 证券代码：002637 证券简称：赞宇科技 公告编号： 2025-032 赞宇科技集团股份有限公司 关于第二期员工持股计划第二个锁定期解锁股票出售完毕的公告 一、本员工持股计划持股实施概况 2024年4月18日，公司召开第六届董事会第十三次会议，审议通过《关于第 二期员工持股计划第一个锁定期届满暨解锁条件成就的议案》，本员工持股计划 第一个锁定期已于2024年3月10日届满，可解锁股份数为第二期员工持股计划所 持标的股票总数的40%，即6,757,499股，占公司总股本的1.4365%。具体内容详 见公司于2024年4月19日在巨潮资讯网（www.cninfo.com.cn）上披露的相关公告。 4、第一个解锁期股 ...

Group 1 - Palm oil prices are on the rise, with futures and spot prices increasing significantly. As of July, the Dalian Commodity Exchange palm oil futures price has risen by 8.93% since June, while Malaysia's MDE futures price increased by 7.40%. Spot prices for imported Malaysian palm oil have risen by 3.53%, and Indonesian palm oil spot prices increased by 4.09% [1] - Current palm oil inventory levels are at a historical low, with China's commercial inventory at 545,000 tons, which is at the 36.44% percentile of the past five years. Indonesia's palm oil ending inventory is at 3.046 million tons, at the 19.73% percentile of the past five years. Low inventory levels are favorable for price increases [1] - Indonesia, as a major producer and exporter of palm oil, is maintaining a controlled planting area. Domestic demand is rising due to biodiesel policies, with palm oil consumption increasing by 7.56% year-on-year as of April, while export growth is only 3.23%. This combination of rising demand and low inventory suggests that palm oil prices are likely to continue on an upward trend [1] Group 2 - The Dukuda project in Indonesia is progressing, providing the company with advantages in palm oil procurement, convenience, transportation time, tax policies, and production costs. This project is expected to enhance supply chain control and expand market reach, potentially driving significant performance improvements once operational [2] - The company anticipates strong profitability driven by the rising palm oil market and the strategic positioning of the Dukuda project. Projected net profits for the company are estimated to be 338 million, 412 million, and 513 million yuan for the years 2025 to 2027 [2]

Investment Rating - The report maintains a "Buy" rating for the company [4][36]. Core Viewpoints - The company is entering a new growth phase driven by the completion of the Dukuda expansion project and improved profitability [3][35]. - The Dukuda base has significant tariff advantages, with profitability positively correlated to palm oil prices [1][15]. - Stable supply combined with growing demand is expected to push palm oil prices higher, benefiting the company's profitability [2][33]. Summary by Sections 1. Tariff Advantages and Profitability - The Dukuda base in Indonesia benefits from high export tariffs on crude palm oil while facing no tariffs on refined products, leading to a competitive cost advantage [1][15]. - Historical performance shows a clear positive correlation between the company's earnings and palm oil prices, with higher prices leading to increased profitability [16]. 2. Supply and Demand Dynamics - Indonesia's palm oil production is stabilizing due to slowed planting area growth and aging trees, which is expected to maintain overall production levels [2][28]. - Demand for palm oil is supported by food consumption and industrial uses, particularly in biodiesel, with significant growth expected in regions like India and Southeast Asia [30][33]. 3. Dukuda Expansion Project - The Dukuda expansion project, with an investment of 248 million yuan, is progressing towards full production, which is anticipated to significantly enhance the company's performance [3][35]. 4. Profit Forecast and Valuation - The company is projected to achieve net profits of 399 million, 540 million, and 662 million yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 0.85, 1.15, and 1.41 yuan [4][36]. - The current price corresponds to P/E ratios of 11.99, 8.85, and 7.22 for the same years, indicating a favorable valuation outlook [4][36].

证券代码：002637 证券简称：赞宇科技 公告编号： 2025-031 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 ...

Group 1 - The company approved a share repurchase plan with a total fund of no less than RMB 100 million and no more than RMB 200 million, to be executed within 12 months [1] - The annual profit distribution plan for 2024 was approved, with a cash dividend of RMB 1.20 per 10 shares, totaling RMB 55,247,268 [2] - The repurchase price limit was adjusted from RMB 13.99 per share to RMB 13.87 per share following the dividend distribution [3] Group 2 - The estimated number of shares to be repurchased is approximately 14,419,610 shares, accounting for 3.07% of the total issued shares, based on the upper limit of the repurchase fund [3] - If the repurchase is executed at the lower limit of RMB 100 million, the estimated number of shares would be around 7,209,805 shares, representing 1.53% of the total issued shares [3] - The company will fulfill its information disclosure obligations in accordance with relevant laws and regulations during the repurchase period [4]