Industry Overview - The domestic chlorosulfonic acid market has seen a rapid price increase, with the latest average market price reaching 3500 RMB/ton on December 23, marking a daily increase of 222 RMB/ton, or 6.77% [1] - Over the past week, the cumulative increase in chlorosulfonic acid prices has been 22.25%, and over the past month, the increase has reached 78.03% [1] - Current market conditions are characterized by tight supply and demand, leading to frequent price fluctuations, with some manufacturers adopting an "order-based pricing" model [1] Application and Demand - Chlorosulfonic acid is a crucial basic chemical raw material and chlorinating agent, primarily used in the production of pesticides, pharmaceutical intermediates, and dye synthesis, indicating stable demand [1] - It is also a key raw material for high-performance electrolyte production, particularly for lithium bis(fluorosulfonyl)imide (LiFSI), which is essential for solid-state batteries. The increasing performance requirements in the new energy vehicle and energy storage markets are expected to drive demand for high-purity battery-grade chlorosulfonic acid [1] - Additionally, chlorosulfonic acid is vital for defense, aerospace applications, and as a core raw material for specialty engineering plastics like polyether ketone ketone (PEKK) [1] Company Insights - Kaisheng New Materials is the world's largest producer of chlorosulfonic acid, with an annual capacity of 150,000 tons. The company holds a leading position in the industry due to its advantages in production processes, cost control, and circular economy practices [2] - Shilong Industrial is one of the major domestic producers of chlorosulfonic acid, with a capacity of 50,000 tons. Its downstream customers are primarily involved in the production of sucralose sweeteners, pharmaceutical intermediates, dyes, and other fine chemicals, with some applications in lithium battery materials [2]

Group 1 - The chemical raw materials sector increased by 1.73% compared to the previous trading day, with Shilong Industrial leading the gains [1] - The Shanghai Composite Index closed at 3890.45, up 0.36%, while the Shenzhen Component Index closed at 13140.22, up 0.66% [1] - Detailed stock performance within the chemical raw materials sector is provided in a table [1] Group 2 - The net inflow of main funds into the chemical raw materials sector was 481 million yuan, while retail funds experienced a net outflow of 276 million yuan and speculative funds saw a net outflow of 205 million yuan [2] - A table detailing the fund flow for individual stocks in the chemical raw materials sector is included [2]

Group 1 - The chlor-alkali sector is experiencing a strong performance, with multiple companies showing significant gains [1] - Shandong Shihua Industrial has reached the daily limit increase, indicating strong market interest [1] - Other companies such as Xinjin Road, Yaxing Chemical, Salt Lake Shares, Tianyuan Shares, Hengguang Shares, Hu塑 Shares, and Yingli Special Materials are also seeing upward movement in their stock prices [1]

Group 1 - The core viewpoint of the news is that Shilong Industrial has seen a stock price increase of 5.31%, reaching 12.49 CNY per share, with a trading volume of 166 million CNY and a turnover rate of 5.73%, resulting in a total market capitalization of 2.998 billion CNY [1] - Shilong Industrial, established on December 2, 2003, and listed on March 19, 2015, is located in the industrial park of Le Ping City, Jingdezhen, Jiangxi Province. The company specializes in the research, production, and sales of chemical products, including AC foaming agents, thionyl chloride, and chlor-alkali products [1] - The revenue composition of Shilong Industrial includes AC series products at 58.76%, chlor-alkali series products at 28.73%, thionyl chloride series products at 5.40%, intermediates for medicine and pesticides at 3.30%, new material additives at 3.18%, other products at 0.46%, and steam at 0.16% [1] Group 2 - From the perspective of major circulating shareholders, Citic Prudential Fund has a fund that ranks among the top ten circulating shareholders of Shilong Industrial. The fund, Citic Prudential Multi-Strategy Mixed (LOF) A (165531), entered the top ten in the third quarter, holding 956,400 shares, which accounts for 0.4% of the circulating shares [2] - The Citic Prudential Multi-Strategy Mixed (LOF) A fund, established on June 16, 2017, has a current scale of 1.133 billion CNY. Year-to-date, it has achieved a return of 41.57%, ranking 1414 out of 8098 in its category; over the past year, it has returned 34.65%, ranking 1872 out of 8067; and since inception, it has returned 139.73% [2] - The fund manager of Citic Prudential Multi-Strategy Mixed (LOF) A is Wang Ying, who has been in the position for 8 years and 309 days, managing total fund assets of 4.904 billion CNY, with the best fund return during the tenure being 53.8% and the worst being -8.42% [2]

Group 1: Lithium Thionyl Chloride Battery Industry - The Ministry of Industry and Information Technology, along with the Ministry of Commerce and the General Administration of Customs, announced optimized import and export regulations for lithium thionyl chloride batteries, effective January 1, 2026, allowing batteries with a filling content of less than 1 kg to be exempt from certain approval processes [2] - The lithium thionyl chloride battery is characterized by high energy density and long storage life, with energy density reaching 590 W·h/kg and 1100 Wh/L, making it suitable for applications in smart instruments, medical devices, and scientific instruments [2] - China's lithium thionyl chloride battery industry has developed a complete supply chain, with upstream materials like lithium metal, thionyl chloride, carbon materials, and special membranes largely domestically sourced [2] Group 2: Market and Export Data - In 2024, China's total production of lithium thionyl chloride batteries is projected to reach 680 million units, with a market size of approximately 12.5 billion RMB [2] - The export value of lithium thionyl chloride batteries from China is expected to reach 3.5 billion RMB in 2024, representing an 18.2% year-on-year increase, with the US being the largest export destination, accounting for 30% of total exports [3] - Major companies in the lithium thionyl chloride battery sector include EVE Energy, which is a leading manufacturer, and Penghui Energy, which offers a range of products including lithium thionyl chloride batteries [3] Group 3: Stock Market and Upcoming Unlocks - Next week, a total of 25 stocks will have restricted shares unlocked, with a combined market value exceeding 13 billion RMB, marking the lowest weekly unlock value of the year [5] - Among the stocks, Yandong Microelectronics has the highest unlock value at 5.566 billion RMB, followed by Lintai New Materials at 2.113 billion RMB and Shengxin Lithium Energy at 1.398 billion RMB [6] - Shengxin Lithium Energy is facing significant losses, with projected losses exceeding 600 million RMB in 2024, and has a substantial portion of its shares being unlocked [7]

Industry Overview - The price of chlorosulfonic acid in China has significantly increased, rising by 9.87% to 2382 RMB/ton as of December 3, and up 66.69% compared to the previous month [1] - Chlorosulfonic acid is a key intermediate in the production of lithium battery electrolytes, and its demand is boosted by the narrowing price gap between lithium hexafluorophosphate and its substitute LiFSI [1] - Environmental regulations are tightening, leading to increased costs for exhaust treatment and causing small to medium enterprises to gradually exit the market, resulting in slow supply growth in the industry [1] Company Insights - Shilong Industrial is a comprehensive chemical enterprise primarily engaged in the research, production, and sales of chlor-alkali and downstream products, including chlorosulfonic acid [2] - Kaisheng New Materials specializes in fine chemical products and new polymer materials, with an annual production capacity of 150,000 tons of chlorosulfonic acid [3]

Group 1 - The company, Shilong Industrial, announced the election of Xiong Zhenli as the employee representative director of the sixth board of directors during the employee representative assembly held on November 21, 2025 [1]

证券代码：002748 证券简称：世龙实业 公告编号：2025-043 江西世龙实业股份有限公司 关于选举第六届董事会职工代表董事的公告 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。 江西世龙实业股份有限公司（以下简称"公司"）于 2025 年 11 月 20 日召 开了 2025 年第二次临时股东大会，审议通过了《关于调整董事会成员人数并修 订<公司章程>的议案》。根据修订后的《公司章程》，公司董事会设职工代表董 事一名，由职工代表大会民主选举产生。 2 江西世龙实业股份有限公司 董 事 会 2025 年 11 月 21 日 1 附件：职工代表董事简历 熊珍丽：女，1976 年 10 月出生，中国国籍，无境外永久居留权，本科学历， 经济师职称。1996 年入职江西电化厂，历任电化公司企管办科员、电化精细公 司行政管理部主办、世龙实业总经办主任助理、副主任。现任公司总经办主任、 深圳龙蕃实业有限公司监事、江西电化乐丰化工股份有限公司监事。 截至目前，熊珍丽女士未持有本公司股票。其与持有公司 5%以上股份的股 东、其他董事、高级管理人员之间不存在关联关系，不存 ...

证券代码：002748 证券简称：世龙实业 公告编号：2025-042 江西世龙实业股份有限公司 2025 年第二次临时股东大会决议公告 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。 特别提示： 1、本次股东大会无新增、变更或否决提案的情况； 2、本次股东大会未涉及变更前次股东大会决议的情形。 一、股东大会的召开情况 1、会议召开时间： 现场会议时间：2025 年 11 月 20 日（星期四）下午 14：30 网络投票时间：通过深圳证券交易所交易系统投票的时间为 2025 年 11 月 2 0 日 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深圳证券交易所互联网投票系统 进行网络投票的具体时间为 2025 年 11 月 20 日 9:15-15:00。 2、会议召开地点：江西省乐平市工业园区世龙科创大楼六楼会议室 3、会议召开方式：本次会议采取现场投票与网络投票相结合的方式 4、会议召集人：公司董事会 5、会议主持人：董事长汪国清先生 6、会议召开合法、合规性：本次股东大会的召开符合有关法律、法规和《公 司章程》的规定。 二、会 ...

江西省南昌市红谷滩区红谷中大道 1391 号华皓中心 53 层 53rd Floor, Huahao Center, No.1391 Honggu Middle Road, Honggutan District, Nanchang City, Jiangxi Province 电话/Tel.: 0791-86789099 网址/Website: www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达（南昌）律师事务所 关于 本所律师出席了公司本次股东大会并审查了公司提供的有关召集、召 开本次股东大会的有关文件原件或复印件，同时听取了公司就相关事项的 第 1 页 共 14 页 江西世龙实业股份有限公司 2025 年第二次临时股东大会法律意见书 致：江西世龙实业股份有限公司 北京市康达（南昌）律师事务所（以下简称"本所"）接受江西世龙 实业股份有限公司（以下简称"公司"）的委托，指派本所潘莹律师、徐 楠律师（以下简称"本所律师"）出席公司 2025 年第二次临时 ...