证券代码：003022 证券简称：联泓新科 公告编号：2025-051 联泓新材料科技股份有限公司 关于召开 2025 年第四次临时股东会的通知 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。 联泓新材料科技股份有限公司（以下简称"公司"）第三届董事会第八次 会议审议通过《关于提请召开 2025 年第四次临时股东会的议案》，决定于 2025 年 12 月 30 日 14:30 召开 2025 年第四次临时股东会。现将有关情况通知 如下： 一、召开会议的基本情况 1、股东会的届次：2025 年第四次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易 所股票上市规则》《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》等法律、行政法规、部门规章、规范性文件及《联泓新材料 科技股份有限公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 12 月 30 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间 为 2025 年 12 月 30 日 ...

证券代码：003022 证券简称：联泓新科 公告编号：2025-046 联泓新材料科技股份有限公司 第三届董事会第八次会议决议公告 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、董事会会议召开情况 联泓新材料科技股份有限公司（以下简称"公司"）第三届董事会第八次会 议于 2025 年 12 月 5 日 15:00 以现场会议方式召开，会议通知于 2025 年 11 月 29 日以通讯方式发出。本次会议应出席董事 8 名，实际出席董事 8 名，出席董事占 公司全体董事人数的 100%；会议由公司董事长郑月明先生主持，公司高级管理 人员列席本次会议。本次会议的召开符合《中华人民共和国公司法》等有关法律、 行政法规、部门规章、规范性文件和《联泓新材料科技股份有限公司章程》的规 定。 二、董事会会议审议情况 1、逐项审议通过《关于 2026 年度日常关联交易预计的议案》子议案 1.1 审议通过《关于公司与滕州郭庄矿业有限责任公司 2026 年度日常关联 交易预计的议案》 关联董事李蓬先生、陈静女士、郑月明先生、赵海力先生回避表决，4 名非 关联董事进行表决。 表 ...

联泓新科公告称，公司于2025年12月5日召开董事会会议，审议通过2026年度开展商品期货套期保值业 务的议案。公司及子公司拟以自有资金在郑州商品交易所开展甲醇期货套期保值业务，保证金额度最高 不超5000万元，可循环使用。交易期限为2026年1月1日至12月31日。该业务旨在规避原材料价格波动风 险，但存在价格异常波动、操作等风险，公司将采取匹配经营业务、控制资金规模等风控措施。 ...

Core Viewpoint - The company, Longhong New Science (联泓新科), confirmed that its lithium carbonate solvent production facility is operating well, with full orders and sales, amidst rising market prices for EC solvents driven by increased downstream demand [2]. Group 1: Company Operations - The company's lithium carbonate solvent production capacity includes 100,000 tons/year of EC, 50,000 tons/year of EMC, and 900 tons/year of DEC, making it one of the main suppliers of electrolyte solvents [2]. - The production facility is currently running smoothly, with full production and sales [2]. Group 2: Market Conditions - Recent market conditions have led to a tightening supply of EC and other solvent products, resulting in a rapid increase in market prices [2]. - It was noted that the price increase for EC solvents has been nearly 40% [2].

Core Viewpoint - The surge in lithium hexafluorophosphate prices has led to increased institutional research on companies in the supply chain, particularly those producing vinylene carbonate (VC), a key additive for lithium battery electrolytes [1][2]. Group 1: Company Developments - Yongtai Technology has reported a current production capacity of 5,000 tons/year for VC, with an additional 5,000 tons/year capacity entering trial production as of November 17, bringing total capacity to 10,000 tons/year [1]. - Fuxiang Pharmaceutical plans to increase its VC production capacity from 8,000 tons/year to 10,000 tons/year through technological upgrades, expected to be completed by Q2 2026 [1]. - Lianhong Xinke is in trial production for its 4,000 tons/year VC facility and is recognized as a major supplier of lithium battery electrolyte solvents [1]. Group 2: Market Trends - VC is primarily used in lithium battery electrolytes as an organic film-forming additive and overcharge protection additive, enhancing battery efficiency and lifespan [2]. - The average market price for VC has risen to 60,000 yuan/ton, reflecting a more than 30% increase from its lowest point, with some top manufacturers experiencing inventory shortages and offering prices exceeding 70,000 yuan [2]. - The significant price increase of lithium hexafluorophosphate has positively impacted the market interest in VC, with related stocks like Fuxiang Pharmaceutical and Yongtai Technology seeing substantial gains [2]. Group 3: Production Challenges - Taihe Technology's VC project has faced delays due to land restrictions affecting the production of high-purity CEC raw materials, necessitating a redesign of production processes and the acquisition of new equipment [3]. - Yongtai Technology has indicated that its new VC production capacity is expected to ramp up quickly, within 1-2 months, due to its established production technology and management experience [3]. Group 4: Price Outlook - Yongtai Technology anticipates a continued tight balance between supply and demand for lithium battery materials, driven by the long-term growth of the new energy sector and cautious expansion in production capacity [4]. - The future price trends for lithium battery materials are influenced by multiple factors, including market supply and demand, raw material costs, and industry policies, leading to uncertainties in accurate predictions [4].

Group 1 - The chemical sector experienced a decline on November 21, with the Chemical ETF (516020) dropping over 4% at one point and closing down 2.84% [1][2] - Key stocks in the sector, such as Enjie Co., Ltd. and Tianqi Lithium, saw significant losses, with Enjie hitting the daily limit down and Tianqi falling over 8% [1][2] - The Chemical ETF has shown a year-to-date increase of 30.5%, outperforming major indices like the Shanghai Composite Index (17.28%) and the CSI 300 Index (16.01%) [1][3] Group 2 - The chemical industry has faced a continuous decline in product prices for four years, but recent policies aimed at reducing competition may signal a turning point [3][4] - The current price-to-book ratio of the Chemical ETF is 2.37, indicating a relatively low valuation compared to the past decade [4] - Analysts suggest that the industry may see improved supply-demand dynamics and profitability due to the "anti-involution" policies, with a focus on sectors like pesticides and organic silicon [5][6] Group 3 - The Chemical ETF (516020) tracks the CSI Sub-Industry Chemical Index, covering various segments of the chemical industry, with nearly 50% of its holdings in large-cap stocks [5][6] - Investors are encouraged to consider the Chemical ETF as a more efficient way to gain exposure to the chemical sector [5][6]

Core Viewpoint - The stock of Lianhong Xinke has experienced fluctuations, with a year-to-date increase of 51.79% but a recent decline of 6.77% over the past five trading days, indicating volatility in investor sentiment and market conditions [1] Company Overview - Lianhong Xinke, established on May 21, 2009, and listed on December 8, 2020, is located in the Mushi Industrial Park of Tengzhou, Shandong Province. The company specializes in the research, production, and sales of new material products [1] - The main business revenue breakdown includes: polypropylene special materials (27.50%), ethylene-vinyl acetate copolymer (26.28%), by-products and others (19.95%), ethylene oxide derivatives (18.38%), ethylene oxide (4.48%), vinyl acetate (2.65%), special gases (0.49%), and ultra-high molecular weight polyethylene (0.27%) [1] Financial Performance - For the period from January to September 2025, Lianhong Xinke reported a revenue of 4.568 billion yuan, a year-on-year decrease of 8.02%, while the net profit attributable to shareholders increased by 30.32% to 232 million yuan [2] - Since its A-share listing, the company has distributed a total of 929 million yuan in dividends, with 454 million yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 19.55% to 64,800, while the average circulating shares per person decreased by 16.36% to 20,585 shares [2] - The top ten circulating shareholders include new entrants and changes in holdings, with notable movements in shares held by various ETFs [3]

Core Viewpoint - The new materials sector has shown positive performance this week, with the new materials index rising by 0.32%, outperforming the ChiNext index by 3.33% [1][2]. Market and Sector Performance - The synthetic biology index increased by 5.04% over the past five trading days, while semiconductor materials decreased by 1.82%, electronic chemicals fell by 2.23%, biodegradable plastics rose by 1.10%, industrial gases dropped by 0.24%, and battery chemicals surged by 13.83% [1][2]. Price Tracking of Industry Chain - Amino acids: Valine remains at 12,550 CNY/ton, Arginine decreased by 0.47% to 21,400 CNY/ton, Tryptophan remains at 32,500 CNY/ton, and Methionine decreased by 2.22% to 19,800 CNY/ton [3]. - Biodegradable materials: PLA (FY201 injection grade) remains at 17,800 CNY/ton, PLA (REVODE201 film grade) at 17,000 CNY/ton, PBS at 17,500 CNY/ton, and PBAT at 9,800 CNY/ton [3]. - Vitamins: Vitamin A remains at 63,000 CNY/ton, Vitamin E at 52,500 CNY/ton, Vitamin D3 at 212,500 CNY/ton, Calcium Pantothenate at 42,000 CNY/ton, and Inositol at 30,500 CNY/ton [3]. - Industrial gases and wet electronic chemicals: UPSSS grade hydrofluoric acid remains at 11,000 CNY/ton, and EL grade hydrofluoric acid at 6,100 CNY/ton [3]. - Plastics and fibers: Carbon fiber remains at 83,750 CNY/ton, polyester industrial yarn at 8,400 CNY/ton, and aramid at 81,800 CNY/ton, which decreased by 13.44% [3]. Investment Recommendations - The demand for the energy storage industry is surging, leading to continuous price increases for lithium battery materials. Lithium hexafluorophosphate, a key raw material for electrolytes, is crucial for battery performance [4]. - Despite leading companies operating at full capacity, the overall supply remains tight due to previous overcapacity issues, with lithium hexafluorophosphate prices rising to 160,000 CNY/ton, a threefold increase from the July 2025 low of 50,000 CNY/ton [5]. - The price of VC (vinylene carbonate), an important additive in electrolytes, has also increased to 60,000 CNY/ton, reflecting a more than 30% rise from its lowest point [5].

Investment Rating - The report maintains a "B" rating for the new materials sector, indicating a positive outlook for the industry [2]. Core Insights - The demand for energy storage is surging, leading to a continuous increase in lithium battery material prices. Lithium hexafluorophosphate, a key raw material for electrolytes, has seen its price rise to 160,000 CNY/ton, a threefold increase from the low of 50,000 CNY/ton in July 2025. This price surge is expected to persist due to tight supply conditions, which may last until 2026 [4][5]. - The report highlights the significant growth in procurement volumes for lithium hexafluorophosphate by electrolyte manufacturers, driven by the booming demand from the electric vehicle and energy storage sectors [4]. - The report suggests focusing on the lithium hexafluorophosphate supply chain, recommending companies such as Tianji Co., Tianqi Materials, Xinzhou Bang, Shenzhen New Star, and Duofluo [4]. Summary by Sections 1. Market Performance - The new materials index increased by 0.32%, outperforming the ChiNext index by 3.33%. Over the past five trading days, the battery chemicals sector rose by 13.83%, while semiconductor materials and electronic chemicals declined by 1.82% and 2.23%, respectively [2][17]. 2. Price Tracking - As of November 14, 2025, the price of valine remained stable at 12,550 CNY/ton, while arginine decreased by 0.47% to 21,400 CNY/ton. The price of vitamin D3 was 212,500 CNY/ton, unchanged from the previous week [3][28]. - The price of biodegradable plastics, such as PLA, remained stable at 17,800 CNY/ton for injection molding grade and 17,000 CNY/ton for film blowing grade [32]. 3. Investment Recommendations - The report emphasizes the high entry barriers in the industry and the cautious expansion of companies due to years of losses. It predicts that the average price of VC (vinylene carbonate), an important additive in electrolytes, could reach 100,000 CNY/ton by 2026 [5]. - Companies to watch include Huasheng Lithium Battery, Haike New Source, Lianhong Technology, and Taihe Technology [5].

Core Viewpoint - The stock of Lianhong New Materials has experienced fluctuations, with a current price of 21.30 CNY per share, reflecting a year-to-date increase of 55.36% [1] Company Overview - Lianhong New Materials Technology Co., Ltd. was established on May 21, 2009, and went public on December 8, 2020. The company is located in the Mushi Industrial Park, Tengzhou, Shandong Province, focusing on the research, production, and sales of new material products [1] - The main business revenue composition includes: polypropylene special materials (27.50%), ethylene-vinyl acetate copolymer (26.28%), by-products and others (19.95%), ethylene oxide derivatives (18.38%), ethylene oxide (4.48%), vinyl acetate (2.65%), special gases (0.49%), and ultra-high molecular weight polyethylene (0.27%) [1] Financial Performance - For the period from January to September 2025, Lianhong New Materials reported operating revenue of 4.568 billion CNY, a year-on-year decrease of 8.02%. However, the net profit attributable to shareholders increased by 30.32% to 232 million CNY [2] - Since its A-share listing, the company has distributed a total of 929 million CNY in dividends, with 454 million CNY distributed over the past three years [3] Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 19.55% to 64,800, with an average of 20,585 circulating shares per person, a decrease of 16.36% [2] - The top ten circulating shareholders include new entrants such as Penghua CSI Subdivided Chemical Industry Theme ETF, holding 5.9999 million shares, while other significant shareholders have seen changes in their holdings [3]