Core Viewpoint - The controlling shareholder of Wanrun Co., Ltd., China Energy Conservation and Environmental Protection Group Co., Ltd. (referred to as "China Energy"), has increased its shareholding in the company from 25.19% to 26.00% [1] Group 1 - China Energy, along with its concerted party, Zhongjie Capital Holdings Co., Ltd., has cumulatively increased its shareholding by 7,504,211 shares through centralized bidding from December 3, 2025, to January 6, 2026 [1] - After the increase, China Energy holds 219,881,162 shares, accounting for 23.82% of the total share capital, while Zhongjie Capital holds 20,100,366 shares, representing 2.18% of the total share capital [1] - The planned increase in shareholding is set to be between 365 million yuan and 730 million yuan, with funding sourced from self-owned funds and a special loan for stock purchases [1]

证券代码：002643 证券简称：万润股份 公告编号：2026-004 中节能万润股份有限公司 关于控股股东、实际控制人增持公司股份权益变动触及 1%整数倍 暨增持计划进展情况的公告 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 中节能万润股份有限公司（以下简称"公司"或"万润股份"）于 2026 年 1 月 6 日收到公司控股股东、实际控制人中国节能环保集团有限公司（以下简称"中国 节能"）出具的《关于增持万润股份权益变动触及 1%整数倍暨增持计划进展情况 告知书》，中国节能及其一致行动人中节能资本控股有限公司（以下简称"中节 能资本"）合计持有公司股份比例变动触及 1%整数倍。具体事项如下： 1 持股比例变动情况如下： | 1．基本情况 | | | | | | | --- | --- | --- | --- | --- | --- | | 信息披露义务人 | 中国节能环保集团有限公司 | | | | | | 住所 | 北京市大兴区宏业东路 号院 | 1 | 25 号楼 | | | | 权益变动时间 年 2025 | 月 日至 年 12 3 1 | 2026 | 月 日 6 | | | ...

中节能万润股份有限公司 关于控股股东提供专项债资金暨关联交易的公告 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。 一、关联交易概述 为满足中节能万润股份有限公司（以下简称"公司"或"万润股份"）项目 建设的资金需求，缓解资金压力，降低融资成本，公司通过控股股东、实际控制 人中国节能环保集团有限公司（以下简称"中国节能"）向国有资本运营公司申 请"稳增长、扩投资"专项债资金，申请总额不超过人民币 5 亿元（含本数）， 使用期限不超过 10 年，利率不高于同期贷款市场报价利率（LPR），到期一次 性还本，按年付息。公司无需提供保证、抵押、质押等任何形式的担保。"稳增 长、扩投资"专项债是经国资委同意，授权国有资本运营公司发行，用于重点支 持"两重"、"两新"项目投资的资金。 本次交易不构成《上市公司重大资产重组管理办法》规定的重大资产重组， 不构成重组上市，不需要经过有关部门批准。中国节能为公司的控股股东、实际 控制人，本次交易构成关联交易。根据《深圳证券交易所股票上市规则》等有关 规定，本次交易无需提交公司股东会审议。 证券代码：002643 证券简称：万润股 ...

证券代码：002643 证券简称：万润股份 公告编号：2026-002 经中节能万润股份有限公司（以下简称"公司"、"本公司"或"万润股份"）全 体董事一致同意，公司第六届董事会第十八次会议于 2026 年 1 月 6 日以现场与 通讯表决相结合的方式于公司本部办公楼三楼会议室召开。本次董事会会议由公 司董事长霍中和先生召集并主持，会议通知于 2025 年 12 月 29 日以电子邮件方 式发送至全体董事，会议应参加表决董事 9 名，实际参加表决董事 9 名，其中， 采用通讯表决方式参加本次会议的公司董事为张连钵、朱彩飞、关霖、王晓霞、 崔志娟、邱洪生、郭颖，公司部分高级管理人员列席了本次会议。本次会议符合 《中华人民共和国公司法》《中华人民共和国证券法》及其他法律法规、规范性 文件以及《公司章程》的有关规定。经表决，会议通过了如下决议： 一、审议并通过了《万润股份：关于控股股东提供专项债资金暨关联交易 的议案》； 关联董事霍中和先生、朱彩飞先生、关霖先生对本议案回避表决。 中节能万润股份有限公司 第六届董事会第十八次会议决议公告 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 ...

Core Insights - The report emphasizes the growth opportunities in the electronic materials sector driven by rapid downstream development, technological advancements, and domestic substitution [3][5] - The semiconductor materials market is projected to grow significantly, with a forecasted sales revenue of USD 67.5 billion in 2024, reflecting a year-on-year increase of 3.8% [7][34] - The report maintains a "stronger than market" rating for the industry, indicating a positive outlook for investments in electronic materials [3][5] Semiconductor Materials - The global semiconductor materials market is expected to exceed USD 87 billion by 2029, with a compound annual growth rate (CAGR) of 4.5% from 2024 to 2029 [7][34] - China's semiconductor materials domestic substitution rate is currently around 15%, with significant reliance on imports for high-end materials [38][42] - Key materials such as CMP polishing materials, photoresists, and electronic specialty gases are seeing increased domestic production efforts, which are expected to enhance the domestic substitution rate [38][42] PCB Materials - The PCB industry is evolving towards high-frequency and high-speed applications, with increasing demand for electronic resins and fabrics [7][34] - The global market for electronic resins and fabrics used in PCB production is estimated at approximately USD 33.02 billion and USD 24.13 billion, respectively, in 2023 [7][34] - The transition to high-frequency and high-speed PCBs is driven by advancements in 5G technology and the rapid growth of data centers and cloud computing [7][34] OLED Materials - The demand for OLED materials is expected to grow rapidly due to increasing terminal application needs and the acceleration of high-generation line capacity release [7][34] - The global OLED display materials market is projected to reach USD 2.44 billion in 2024, with a CAGR of 19.8% expected from 2025 to 2031 [7][34] - Domestic OLED organic materials currently have a low substitution rate of around 12%, indicating significant growth potential as local manufacturers expand their capabilities [7][34] Investment Recommendations - The report recommends investing in companies benefiting from the semiconductor market recovery, such as Anji Technology, Yake Technology, and Jiangfeng Electronics, among others [5][34] - For AI server demand, companies like Shengquan Group and Dongcai Technology are highlighted as key players in the electronic resin market [5][34] - In the OLED sector, companies like Lite-On Optoelectronics and Wanrun Co., Ltd. are recommended due to their strong market positions [5][34] Industry Performance - The semiconductor materials index has shown a cumulative increase of 37.87% in 2025, outperforming the CSI 300 index by 18.72 percentage points [26] - The electronic chemicals index has increased by 54.98% in the same period, surpassing the CSI 300 index by 35.83 percentage points [26] - Overall, the electronic materials industry is experiencing stable growth, with significant improvements in revenue and profitability metrics [16][26]

格隆汇1月5日丨万润股份(002643.SZ)公布，截至2025年12月31日，公司通过股份回购专用证券账户以 集中竞价方式回购公司股份4,637,100股，占公司当前总股本922,959,225股的0.5024%，购买股份的最高 成交价为16.00元/股，最低成交价为11.31元/股，已使用资金总额为60,362,985.02元（不含交易费用）。 ...

格隆汇1月5日丨万润股份(002643.SZ)公布，截至2025年12月31日，公司通过股份回购专用证券账户以 集中竞价方式回购公司股份4,637,100股，占公司当前总股本922,959,225股的0.5024%，购买股份的最高 成交价为16.00元/股，最低成交价为11.31元/股，已使用资金总额为60,362,985.02元（不含交易费用）。 ...

证券代码：002643 证券简称：万润股份 公告编号：2026-001 中节能万润股份有限公司 关于回购股份进展的公告 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。 本次回购股份资金来源为公司自有资金及股票回购专项贷款，回购价格未超 过 16.45 元/股。本次回购符合相关法律法规的规定和公司既定的回购股份方案的 要求。 二、其他说明 公司回购股份的时间、回购股份价格及集中竞价交易的委托时段符合《深圳 证券交易所上市公司自律监管指引第 9 号——回购股份》的相关规定，具体情况 如下： 1、公司未在下列期间回购公司股份： 中节能万润股份有限公司（以下简称"公司"或"万润股份"）于 2025 年 4 月 23 日召开第六届董事会第十一次会议、于 2025 年 5 月 21 日召开 2024 年度 股东大会，审议通过了《万润股份：关于回购股份方案的议案》，同意公司使用 自有资金及股票回购专项贷款，通过深圳证券交易所交易系统以集中竞价交易方 式回购公司已发行的人民币普通股（A 股），用于减少公司注册资本。本次用于 回购股份的资金总额不低于人民币 1 亿元（含本数）， ...

万润股份公告称，公司于2025年5月21日股东大会通过回购议案，拟用1-2亿元自有资金及贷款，以不超 16.55元/股回购股份用于减资。因2024年度权益分派，回购价格上限调整为16.45元/股。截至2025年12 月31日，已回购463.71万股，占总股本0.5024%，最高成交价16元/股，最低11.31元/股，已用资金 6036.30万元（不含交易费），符合方案要求，后续将继续实施并披露信息。 ...

Core Viewpoint - The article highlights the increasing demand and significance of specialty high polymer materials, particularly PEEK and PEI, driven by industrial upgrades and the unique properties of these materials, marking a shift from traditional general-purpose plastics to advanced engineering plastics in various high-tech applications [2][5]. Group 1: Market Trends and Developments - Specialty engineering plastics are gaining traction due to the rise of emerging industries such as robotics, drones, and AI servers, which are no longer deterred by the higher costs associated with these materials [2][5]. - The article notes that the production capacity of general-purpose plastics like polypropylene and polyethylene has historically dominated the market, but the focus is now shifting towards high-performance engineering plastics [2][5]. Group 2: Key Material Innovations - LCP (Liquid Crystal Polymer) films have recently achieved large-scale production by the company Prilite, breaking the long-standing foreign monopoly in high-end applications, particularly in communication technology [4][5]. - PEI (Polyetherimide) has also seen advancements, with Wanrun Co. announcing the commercial production of PEI materials, which are being utilized in various applications including aerospace and medical devices [6][7]. Group 3: Government Initiatives and Industry Support - The Ministry of Industry and Information Technology has identified LCP films and PEI as key innovative products for the 2025 fine chemical industry, indicating their strategic importance in the national agenda [3][4]. - The article emphasizes the government's focus on developing 50 critical new materials and equipment, showcasing a commitment to advancing the chemical industry [3][4]. Group 4: Future Industry Applications - LCP films are positioned to impact future technologies such as 6G communications, brain-machine interfaces, and AI server PCBs, indicating their relevance in cutting-edge applications [4][5]. - PEI materials are being integrated into various sectors, including fiber optic connectors and high-temperature applications, highlighting their versatility and growing market presence [6][7]. Group 5: Upcoming Events and Exhibitions - The article mentions an upcoming exhibition focused on lightweight, high-strength, and sustainable materials, scheduled for June 10-12, 2026, at the Shanghai New International Expo Center, which will showcase advancements in new materials technology [10][15].