Group 1 - The company, Aoke Co., Ltd. (300082), is closely monitoring national policy dynamics and development opportunities [1] - The focus is particularly on areas related to the company's main business in construction chemicals [1]

Group 1 - The company, Aoke Co., Ltd. (300082), holds a leading market share in the domestic market for water-reducing agents, specifically polyether monomers [1] - Subote (603916) is a downstream customer of the company's polyether monomer products, and both companies maintain a stable and ongoing cooperative relationship [1] - The company places significant emphasis on the strategic opportunities presented by major national water conservancy projects and closely monitors policy dynamics and industry development trends [1]

Group 1 - The core viewpoint of the article is that Aoke Co., Ltd. (300082) has established strategic partnerships with well-known water-reducing agent manufacturers, indicating a strong position in the industry [1] - The company's water-reducing agent polyether monomer directly serves customers who produce water-reducing agents, highlighting its role in the supply chain [1] - Aoke Co., Ltd. does not directly participate in engineering construction, which clarifies its business model and focus on manufacturing [1]

Group 1 - The company stated that its polyether monomer for water-reducing agents is directly downstream to customers producing water-reducing agents [1] - Water-reducing agents have a wide range of applications, indicating the versatility of the company's products [1] - Some downstream customers are involved in the construction project of the Yarlung Tsangpo River Hydropower Station [1]

Core Viewpoint - The company, Aoke Co., Ltd., has announced the provision of guarantees for its wholly-owned subsidiary, Hainan Aoke Chemical Co., Ltd., in relation to a credit application from a local bank [1][2]. Group 1: Company Guarantees - Aoke Co., Ltd. approved a guarantee limit of up to 3,399.21 million yuan for certain subsidiaries during its board and shareholder meetings in 2025 [1]. - The guarantee methods include but are not limited to guarantees, mortgages, and pledges, with the guarantee period lasting until the next annual shareholder meeting [1]. - Hainan Aoke has applied for a comprehensive credit of 100 million yuan from Danzhou Rural Commercial Bank, with Aoke Co., Ltd. providing a joint liability guarantee for this application [1]. Group 2: Financial Data of Hainan Aoke - Hainan Aoke, established on February 5, 2021, has a registered capital of 115.2 million yuan and its business scope includes import and export of goods and technology [2]. - As of December 31, 2024, Hainan Aoke reported total assets of 639.47 million yuan and total liabilities of 506.45 million yuan [2]. - As of March 31, 2025, the company reported total assets of 632.50 million yuan and total liabilities of 499.93 million yuan [2]. Group 3: Aoke Co., Ltd. Guarantee Status - As of the announcement date, Aoke Co., Ltd. had signed guarantee contracts totaling 2,618.68 million yuan for its subsidiaries, with an actual guarantee balance of 1,256.38 million yuan [2]. - The actual guarantee balance represents 45.57% of the company's most recent audited net assets and 21.94% of total assets [2]. - There are no guarantees provided to external entities outside the consolidated financial statements [2].

辽宁奥克化学股份有限公司 关于公司为全资子公司提供担保的进展公告 证券代码：300082 证券简称：奥克股份 公告编号：2025-036 辽宁奥克化学股份有限公司 关于公司为全资子公司提供担保的进展公告 二、担保进展情况 近日，公司全资子公司海南奥克向海南农村商业银行股份有限公司儋州支行 （以下简称"儋州农商行"）申请人民币10,000.00万元的综合授信，履行债务 的期限为12个月。公司为海南奥克本次向儋州农商行申请人民币10,000.00万元 1 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 辽宁奥克化学股份有限公司（以下简称"公司"）于近日签署了关于全资子 公司海南奥克化学有限公司（以下简称"海南奥克"）的担保合同。具体公告如 下： 一、本次担保事项概述 公司于2025年4月20日召开第六届董事会第十五次会议、第六届监事会第十 二次会议，审议通过《关于2025年度公司对外担保额度预计的议案》，公司于2025 年5月20日召开2024年年度股东大会审议通过前述议案。为满足公司经营业务发 展需要，同意公司对合并报表范围内部分子公司提供的担保额度合计不超过 339 ...

辽宁奥克化学股份有限公司 关于参股公司申请公开发行股票并在北京证券 交易所上市获得受理的公告 证券代码：300082 证券简称：奥克股份 公告编号：2025-035 公司参股公司吉和昌为全国中小企业股份转让系统挂牌企业，证券简称：吉和 昌，证券代码：874693。截至本公告披露日，公司持有吉和昌 31,428,000 股股份， 持股比例 37.71%。近日，吉和昌向北交所报送了向不特定合格投资者公开发行股票 并在北交所上市的申报材料，北交所已正式受理。具体内容详见吉和昌于 2025 年 6 月 30 日在全国中小企业股份转让系统（http://www.neeq.com.cn）披露的相关公告。 二、风险提示 吉和昌向不特定合格投资者公开发行股票并在北交所上市事项，尚需履行北交 所审核和中国证券监督管理委员会注册等相关程序，存在无法通过北交所审核或中 国证券监督管理委员会注册的风险。吉和昌存在因公开发行失败而无法上市的风险。 公司将根据相关事项进展情况，并严格按照法律法规的规定和要求，及时履行信 息披露义务，敬请广大投资者注意投资风险。 特此公告。 辽宁奥克化学股份有限公司 关于参股公司申请公开发行股票并在北京证 ...

Core Viewpoint - The company has confirmed that it is not currently involved in any stablecoin-related business and continues to rely on traditional methods such as wire transfers and letters of credit for its export business [1] Group 1 - The company stated on June 18 that it does not engage in stablecoin-related activities [1] - The primary settlement methods for the company's export business remain wire transfers and letters of credit [1]

Investment Rating - The report maintains a recommendation for the chemical industry, particularly focusing on new materials, indicating a positive outlook for investment opportunities in this sector [1]. Core Insights - The report highlights a recovery in prices for chemical products, driven by a recent easing of tariffs in the US-China trade war, which has led to increased foreign trade inquiries and shipping prices [8]. - The chemical industry is currently experiencing a dual bottom in profitability and valuation, with a projected ROE-PB of 6.19% and 1.77 for 2024, and a recovery to 7.55% and 1.85 in Q1 2025 [8]. - The report emphasizes the importance of domestic production capabilities in new materials, particularly in light of the ongoing trade tensions and the need for self-sufficiency [9]. - The new materials sector has shown strong performance, outpacing the broader market indices, with a weekly change of 1.98% compared to a decline in major indices [10]. Industry Updates - The report notes that the new materials sector is expected to benefit from a shift towards domestic production and the reduction of import dependencies, particularly in critical areas [9]. - The report identifies specific new materials with high growth potential, including ETO, nucleating agents, aramid paper, PI films, industrial coatings, and ion exchange resins [9]. - The report also mentions the investigation into DuPont China by the National Market Supervision Administration, which could create opportunities for domestic companies in the same sector [11]. Trading Data - The Huachuang Chemical Industry Index stands at 75.23, reflecting a decrease of 1.08% week-on-week and a year-on-year decline of 24.76% [18]. - The report provides detailed statistics on price changes for various materials, indicating a mixed performance with some materials like SAF Europe FOB prices increasing by 3.00% while high-purity hydrogen saw a decrease of 10.00% [19][22]. New Materials Subsector Tracking - The report tracks various subsectors within new materials, including advancements in battery safety standards, which are set to be enforced in 2026, potentially impacting the materials used in electric vehicle batteries [12]. - The report highlights the growth in the smartphone market, with a 3.3% year-on-year increase in shipments, benefiting the consumer electronics materials sector [13]. - The report discusses funding initiatives in Shenzhen aimed at supporting AI terminal technology, which may influence the materials used in smart devices [14].

Transaction Overview - The company plans to sell up to 4.5 million shares of Liaoning Aoke Chemical Co., Ltd. to maximize shareholder value and optimize asset structure [1][2] - The board of directors has authorized the management to determine the timing, method, quantity, and price of the sale within a 12-month period [1][6] Target Asset Information - The target asset is the company's holding in Aoke shares, which is clear of any encumbrances or legal disputes [2][3] - As of March 31, 2025, the company holds 32,267,200 shares of Aoke, representing 4.74% of its total share capital [6] Financial Data of Aoke - As of December 31, 2024, Aoke's total assets were approximately 5.73 billion yuan, with net assets of about 2.76 billion yuan [5] - For the first quarter of 2025, Aoke reported a revenue of approximately 943 million yuan and a net profit attributable to shareholders of about -3.28 million yuan [5] Purpose and Impact of the Sale - The sale aims to enhance asset operational efficiency and promote sustainable development while maximizing shareholder value [6] - The actual impact on the company's financials will depend on the number of shares sold and the sale price, with accounting treatment to follow relevant standards [6]