Group 1 - The core point of the article highlights the performance of Shenzhen Xinzhoubang Technology Co., Ltd., which saw a stock price increase of 5.02% to 64.43 CNY per share, with a trading volume of 2.727 billion CNY and a turnover rate of 8.05%, resulting in a total market capitalization of 48.18 billion CNY [1] - The company, established on February 19, 2002, and listed on January 8, 2010, specializes in the research, production, sales, and service of new electronic chemicals and functional materials [1] - The revenue composition of the company includes battery chemicals at 66.43%, organic fluorine chemicals at 17.03%, electronic information chemicals at 16.03%, and other supplementary products at 0.50% [1] Group 2 - From the perspective of the top ten circulating shareholders, E Fund's ETF (159915) reduced its holdings by 1.721 million shares in the third quarter, now holding 10.2158 million shares, which accounts for 1.89% of the circulating shares, resulting in a floating profit of approximately 31.4647 million CNY [2] - E Fund's ETF (159915) was established on September 20, 2011, with a current scale of 110.2 billion CNY, achieving a year-to-date return of 47.2% and a one-year return of 34.96% [2] Group 3 - The fund managers of E Fund's ETF (159915) are Cheng Xi and Liu Shurong, with Cheng having a tenure of 9 years and 197 days and a total fund asset size of 250.121 billion CNY, achieving a best return of 131.04% during his tenure [3] - Liu Shurong has a tenure of 8 years and 125 days with a total fund asset size of 141.127 billion CNY, achieving a best return of 194.12% during his tenure [3]

Group 1 - The chemical sector continues to rise, with the chemical ETF (516020) showing a maximum intraday increase of 1.81% and currently up by 0.96% [1][2] - Key stocks in the sector include potassium fertilizers, petrochemicals, and lithium batteries, with Salt Lake Co. and Hengyi Petrochemical both rising over 6% [1][3] - The lithium battery supply chain has seen significant growth, with strong demand and tight supply leading to price increases in lithium carbonate and lithium hexafluorophosphate [1][3] Group 2 - The basic chemical sector has attracted significant capital, with a net inflow of over 3.2 billion yuan in a single day, ranking fifth among 30 sectors [3][4] - Over the past five days, the basic chemical sector has accumulated a total net inflow of 31.3 billion yuan, the highest among all sectors [3][4] - The chemical ETF (516020) has also seen substantial net subscriptions, exceeding 470 million yuan over the last five trading days [4][5] Group 3 - Valuation metrics indicate that the chemical sector may present a favorable investment opportunity, with the chemical ETF's underlying index trading at a price-to-book ratio of 2.43, which is relatively low compared to the past decade [4][5] - Analysts predict that the basic chemical sector may experience an upward trend starting in 2026, driven by improved domestic demand and supply-side adjustments [5][6] - Key investment opportunities in the sector include low-cost expansion, improving market conditions, new materials, and high dividend yields [5][6]

Investment Rating - The investment rating for the chemical raw materials industry is optimistic (maintained) [1] Core Views - The report highlights that the price of R134a has exceeded expectations, indicating a significant value proposition in the refrigerant sector, and suggests that long-term positioning is timely [4] - The fluorochemical index has shown a strong performance, increasing by 7.71% and outperforming major indices such as the Shanghai Composite and CSI 300 [6][25] - The report emphasizes the ongoing upward trend in refrigerant prices, particularly for R134a, R32, and R125, while noting a structural differentiation in the market [22][23] Summary by Sections 1. Fluorochemical Industry Overview - The fluorochemical market is experiencing a positive trend, with R134a prices rising significantly due to concentrated purchasing demand, reaching 60,000 yuan/ton, an increase of 6,000 yuan/ton [9][22] - The overall market sentiment for fluorite is weak, with prices for 97% fluorite powder averaging 3,391 yuan/ton, down 0.96% from the previous week [19][33] 2. Refrigerant Market Trends - As of November 14, refrigerant prices are as follows: R32 at 63,000 yuan/ton, R125 at 45,500 yuan/ton, R134a at 55,000 yuan/ton, and R410a at 53,500 yuan/ton, with R134a showing a weekly increase of 1.85% [21][24] - The report notes that the refrigerant market is characterized by a strong upward trend for R32 and R134a, while R125 remains stable, and other products like R404 and R507 are experiencing downward pressure [22][23] 3. Beneficiary Companies - Recommended stocks include Jinshi Resources, Juhua Co., Sanmei Co., and Haohua Technology, with other beneficiaries being Dongyangguang, Yonghe Co., Dongyue Group, and Xinzhoubang [11][23]

Core Viewpoint - The company Xinzhou Bang (300037) announced the election of Mr. Zhou Aiping as the employee representative director of the sixth board of directors [1] Group 1 - The announcement was made on the evening of November 14 [1] - Mr. Zhou Aiping has been elected to represent employees on the board [1]

关于董事辞任暨选举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。 | 证券代码：300037 | 证券简称：新宙邦 | 公告编号：2025-084 | | --- | --- | --- | | 债券代码：123158 | 债券简称：宙邦转债 | | 深圳新宙邦科技股份有限公司 一、董事辞任的情况 深圳新宙邦科技股份有限公司（以下简称"公司"）董事会于近日收到公司 非独立董事周艾平先生的书面辞职报告。因公司治理结构调整，周艾平先生申请 辞去公司第六届董事会非独立董事职务，周艾平先生担任公司非独立董事原定任 期至公司第六届董事会届满时止，其辞任后仍担任公司其他职务。根据《深圳证 券交易所上市公司自律监管指引第 2 号-创业板上市公司规范运作》和《公司章 程》等相关规定，其辞职报告自送达公司董事会之日起生效。 截至本公告披露日，周艾平先生持有公司股份 2,270,086 股，占公司目前总 股本的 0.3036%（占剔除公司回购专用账户股份后总股本的 0.3046%），其配偶 或其他关联人未持有公司股份。周艾平先生辞职后，其所持公司股份将严格按照 ...

| 证券代码：300037 | 证券简称：新宙邦 | 公告编号：2025-083 | | --- | --- | --- | | 债券代码：123158 | 债券简称：宙邦转债 | | 深圳新宙邦科技股份有限公司 2025年第三次临时股东会决议公告 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、本次股东会不存在增加、变更、否决议案的情况； 2、本次股东会不涉及变更前次股东会决议的情况； 3、本次股东会以现场与网络投票相结合的方式召开。 一、会议召开和出席情况 （一）会议召开情况 1、现场会议召开时间：2025 年 11 月 14 日（星期五）14:00 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 11 月 14 日 9:15-9:25，9:30-11:30，13:00-15:00 通过深圳证券交易所互联网投票系统投票的具体时间为 2025 年 11 月 14 日 9:15 至 15:00 的任意时间 3、现场会议召开地点：深圳市坪山区昌业路深圳新宙邦科技大厦 16 层会议 室 4、会议召集人：公司第六届董 ...

北京市中伦（深圳）律师事务所 关于深圳新宙邦科技股份有限公司 2025 年第三次临时股东大会的 法律意见书 二〇二五年十一月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 法律意见书 法律意见书 致：深圳新宙邦科技股份有限公司 根据《中华人民共和国公司法》（下称"《公司法》"）、《上市公司股东 会规则》（下称"《股东会规则》"）和《深圳新宙邦科技股份有限公司章程》 （下称"《公司章程》"）的规定，北京市中伦（深圳）律师事务所（下称"本所"） 接受深圳新宙邦科技股份有限公司（下称"公司"）的委托，指派 ...

Core Viewpoint - Fuxiang Pharmaceutical (300497) announced plans to increase its production capacity for VC and FEC products, indicating a strategic response to market demand and industry capacity release [1] Group 1: Production Capacity - The company currently has a production capacity of 8,000 tons per year for VC products and approximately 4,000 tons per year for FEC products [1] - Plans are in place to enhance VC production capacity to 10,000 tons per year, with the upgrade expected to be completed by the second quarter of 2026 [1] - Future capacity expansions may increase VC production to 20,000 tons per year and FEC production to 5,000 tons per year, depending on market demand and industry conditions [1] Group 2: Key Customers - Major customers for the company's VC and FEC products include Tianqi Materials (002709) and Xinjubang (300037) [1]

Core Viewpoint - The lithium battery materials sector is experiencing a comprehensive price increase, which is expected to significantly enhance the profitability of related companies [2] Group 1: Lithium Battery Materials Price Increases - As of November 13, the average price of lithium hexafluorophosphate is 131,000 yuan/ton, up approximately 110% from early October, with a peak price exceeding 142,000 yuan/ton [2] - The average price of electrolyte is 25,700 yuan/ton, having increased by 7,000 yuan/ton (40%) since early October, with a maximum price of 29,000 yuan/ton [2] - The average price of VC additive is 87,500 yuan/ton, reflecting a cumulative increase of 41,000 yuan/ton (about 90%) since early October [2] - The average price of lithium iron phosphate is 36,900 yuan/ton, up 3,300 yuan/ton (about 10%) since early October [2] - The average price of wet-process separators is 0.78 yuan/sq.m, having risen by 0.03 yuan/sq.m (about 5%) since early October [2] Group 2: Energy Storage System Demand - The cumulative bidding scale for domestic energy storage systems reached 166.3 GWh from January to October, representing a year-on-year increase of approximately 172% [3] - The average price of 4-hour energy storage systems is 0.52 yuan/Wh, which has increased by 0.06 yuan/Wh month-on-month [3] - New energy storage installations totaled 85.5 GWh from January to October, showing a year-on-year growth of 71% [3] - The total scale of newly registered energy storage projects in October exceeded 128.9 GWh, marking a year-on-year increase of 224% [3] Group 3: AI Data Center Capital Expenditure - Major internet companies are increasing capital expenditures to meet the explosive demand from AI and cloud computing, with Google raising its 2025 capital expenditure guidance to between 91 billion and 93 billion USD, and Meta increasing it to between 70 billion and 72 billion USD [4] - OpenAI plans to launch the "Stargate" data center in 2026, with a planned capacity exceeding 8 GW and an expected investment of over 450 billion USD in the next three years [4] Group 4: Smart Meter Price Recovery - The third round of bidding for smart meters by the State Grid has seen a significant price rebound due to new specifications and changes in pricing standards [5] - The recovery in smart meter prices is expected to improve the profitability and performance elasticity of related companies in the meter industry [5] Group 5: Investment Recommendations - Companies to focus on include leading firms in the lithium battery industry such as CATL, Yiwei Lithium Energy, and others [2] - In the energy storage sector, key companies include Sungrow Power Supply, Yiwei Lithium Energy, and others [3] - For AI data center-related investments, companies like Jinpan Technology and others are recommended [4] - In the smart meter sector, companies such as Haixing Electric and others are highlighted [5]

Core Viewpoint - Fuxiang Pharmaceutical has announced its current production capacity and future expansion plans for VC and FEC products, indicating a strategic focus on increasing output to meet market demand [1] Group 1: Production Capacity - The company currently has a production capacity of 8,000 tons per year for VC products and approximately 4,000 tons per year for FEC products [1] - There are plans to upgrade the VC production capacity to 10,000 tons per year, expected to be completed by the second quarter of 2026 [1] - Future expansions may increase VC and FEC capacities to 20,000 tons per year and 5,000 tons per year, respectively, depending on market demand [1] Group 2: Key Customers - The main customers for the company's VC and FEC products include Tianqi Materials and Xinzhou Bang [1]