Core Viewpoint - Blue Sky Technology is leveraging specialized resin materials and adsorption separation technology to tap into the lithium extraction market, significantly contributing to the development of various industries such as new energy vehicles, semiconductors, and biomedicine [1][3][11]. Group 1: Company Growth and Development - Founded in 2001, Blue Sky Technology has grown from a small office of 50 square meters to a publicly listed company with a market value exceeding 20 billion yuan, positioning itself among the global industry leaders [1][11]. - The company has developed a cumulative production capacity of 100,000 tons for lithium extraction, capturing nearly half of the domestic market share in salt lake lithium extraction [6][11]. - Blue Sky Technology's innovative journey includes overcoming significant challenges in the early stages of lithium extraction technology development, which began in 2007 but was paused due to low market demand until the rise of the electric vehicle industry in 2015 [4][6]. Group 2: Technological Innovation - The company has successfully designed a lithium adsorbent that can selectively extract lithium ions from brine with a concentration of 10 parts per million, while ignoring impurities like calcium and magnesium [2][3]. - Blue Sky Technology's research and development efforts have led to breakthroughs in various fields, including the production of high-purity water and the extraction of gallium, enhancing the competitiveness of Chinese production in the global market [10][11]. - The company maintains a unique culture of innovation, allowing for a "tolerance for error" in research, which encourages scientists to explore new technologies without the fear of negative performance evaluations [8][9]. Group 3: Market Strategy and Positioning - Blue Sky Technology adopts a comprehensive approach by providing not only adsorbent materials but also customized equipment and operational solutions to clients, fostering long-term partnerships [9]. - The company has successfully penetrated various markets, including juice processing and biomedicine, by optimizing production processes and enhancing extraction efficiencies for its clients [9][10]. - Despite fluctuations in lithium prices and market conditions, Blue Sky Technology focuses on strengthening its core competencies and expanding into new fields such as life sciences and ultra-pure water [11][12].

Core Viewpoint - The chemical sector is experiencing a rebound, with the chemical ETF (516020) showing positive performance, indicating potential investment opportunities in the industry [1][2]. Group 1: Market Performance - The chemical ETF (516020) rose by 0.41% during the trading session, reflecting a positive trend in the chemical sector [1][2]. - Key stocks such as Zhongke Titanium, Guangdong Hongda, and others saw significant gains, with Zhongke Titanium and Guangdong Hongda both increasing over 7% [1]. Group 2: Industry Dynamics - The chemical industry is currently at a low point, necessitating the elimination of outdated production capacity to optimize supply-demand dynamics and promote high-quality development [1][4]. - There is a notable decline in new construction projects in the basic chemical sector, with the ratio of construction projects to fixed assets dropping to 24% in Q2 2025, down from 37% in Q2 2023, indicating a slowdown in capacity expansion [4]. Group 3: Future Outlook - The "anti-involution" movement within the chemical industry is expected to lead to a re-evaluation of the sector, with potential measures to slow global capacity expansion [5]. - The chemical sector is characterized by strong cash flow, and a slowdown in expansion could significantly enhance potential dividend yields, transforming the sector from a cash drain to a cash generator [5]. - The chemical ETF (516020) provides a diversified investment opportunity across various sub-sectors, with nearly 50% of its holdings in large-cap stocks, allowing investors to capitalize on strong market leaders [6].

Group 1 - Company Blue Sky Technology announced on September 18 that it received a notification from its major shareholder, Mr. Tian Xiaojun, regarding the extension of the pledge on part of his shares, specifically 2 million shares [1] - As of the date of the announcement, Mr. Tian has pledged a total of 6.59 million shares, which accounts for 8.56% of his total holdings [1]

证券代码：300487 证券简称：蓝晓科技 公告编号：2025-051 债券代码：123195 债券简称：蓝晓转02 三、其他说明 田晓军先生所持有的公司股份不涉及业绩补偿义务，其资信状况良好，具备 股东 名称 是否为 第一大 股东及 一致行 动人 本次质 押展期 股份数 量（万 股） 占其 所持 股份 比例 占公 司总 股本 比例 是否 为限 售股 是否 为补 充质 押 原质押起 始日 原质押到 期日 本次展期 后质押到 期日 质权人 质 押 用 途 田晓军 否 160 2.08% 0.32% 否 否 2024.9.18 2025.9.18 2026.9.16 中信建 投证券 股份有 限公司 个 人 融 资 40 0.52% 0.08% 合计 - 200 2.60% 0.39% - - - - - - - 一、本次股份质押展期的基本情况 西安蓝晓科技新材料股份有限公司 关于持股 5%以上股东部分股份质押展期的公告 万股 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，不存在虚 假记载、误导性陈述或重大遗漏。 西安蓝晓科技新材料股份有限公司（以下简称"公司"）接到公司持股 5%以 上股东田晓军先生的 ...

Group 1 - The chemical sector experienced fluctuations on September 17, with the chemical ETF (516020) initially weakening but later rising by 0.27% at the time of reporting [1] - Key stocks in the sector included Jinfa Technology, which surged over 9%, and Guangdong Hongda, which rose over 5% [1] - The chemical ETF (516020) has seen significant capital inflow, accumulating over 8.1 billion yuan in the last 10 trading days and over 17 billion yuan in the last 20 trading days [2] Group 2 - The pesticide industry is experiencing a reduction in inventory, with some products starting to increase in price, indicating a potential recovery in the sector [3] - As of the last closing, the chemical ETF (516020) had a price-to-book ratio of 2.27, which is at a low point historically, suggesting a favorable long-term investment opportunity [3] - The basic chemical industry showed a turning point in fixed asset growth in Q4 2023, with a year-on-year increase in fixed assets reported for Q2 2025 [4] Group 3 - The chemical ETF (516020) tracks the CSI segmented chemical industry index, covering various sub-sectors and concentrating nearly 50% of its holdings in large-cap stocks [5] - Investors can also access the chemical sector through the chemical ETF linked funds (A class 012537/C class 012538) for better investment efficiency [5]

Core Viewpoint - Blue Sky Technology's stock has experienced fluctuations, with a recent decline of 2.08% and a year-to-date increase of 14.66%, indicating volatility in market performance [1]. Financial Performance - For the first half of 2025, Blue Sky Technology reported revenue of 1.247 billion yuan, a year-on-year decrease of 3.64%, while net profit attributable to shareholders increased by 10.01% to 445 million yuan [2]. - Cumulative cash dividends since the company's A-share listing amount to 1.136 billion yuan, with 866 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 9.84% to 19,000, while the average number of circulating shares per person increased by 10.92% to 16,100 shares [2]. - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 50.0449 million shares, an increase of 1.0271 million shares from the previous period [3]. Stock Market Activity - As of September 15, 2023, Blue Sky Technology's stock price was 54.20 yuan per share, with a market capitalization of 27.515 billion yuan [1]. - The stock has seen a trading volume of 147 million yuan, with a turnover rate of 0.87% on the same day [1].

Investment Rating - The report maintains a "Recommended" rating for the chemical industry [1] Core Insights - The chemical industry in China is expected to undergo a revaluation due to anti-involution measures, which may lead to a significant slowdown in global chemical capacity expansion. This shift could enhance the cash flow and dividend yield of Chinese chemical companies, transforming them from cash-consuming entities to profit-generating ones [6][29] - The demand for chromium salts is anticipated to rise significantly due to increased orders for gas turbines and commercial aircraft engines in Europe and the US, leading to a projected shortfall of 250,000 tons by 2028, which is about 23% of the total annual production [6] - The report highlights four key investment opportunities: low-cost expansion, improving industry conditions, new materials, and high dividend yields from state-owned enterprises [7][8] Summary by Sections Recent Performance - The basic chemical sector has shown a performance increase of 51.0% over the past 12 months, compared to 42.5% for the CSI 300 index [4] Investment Recommendations - The report emphasizes the potential for low-cost expansion in major companies such as Wanhua Chemical, Hualu Hengsheng, and others, alongside sectors like tires and fertilizers [7] - It also points out the improving conditions in various segments, including chromium salts, phosphate rock, and agricultural chemicals [8] Key Products Analysis - Recent price increases were noted for acrylic acid and esters, with butyl acrylate priced at 7,600 RMB/ton, reflecting a 3.40% increase [10] - The report also mentions the price of polymer MDI in East China at 15,550 RMB/ton, up by 1.97% [10] Company Tracking and Earnings Forecast - The report provides a detailed earnings forecast for key companies, indicating a positive outlook for many, with several companies rated as "Buy" [30]

Investment Rating - The report maintains a "Positive" rating for the chemical industry [6][12]. Core Insights - The macroeconomic judgment indicates that non-OPEC countries are expected to lead an increase in oil production, with a significant overall supply growth anticipated. Global GDP growth is projected to remain at 2.8%, with stable oil demand, although the growth rate may slow due to tariff policies [6][7]. - The expectation of a Federal Reserve interest rate cut is likely to boost demand during the peak season of September and October. Additionally, the leakage incident of GFL R32 in India may enhance China's export opportunities [6][12]. - The report highlights the ongoing investigation into anti-dumping practices against imported semiconductor chips from the U.S., which may benefit domestic semiconductor materials [6][12]. Summary by Sections Macroeconomic Analysis - Oil supply is expected to increase significantly, driven by non-OPEC production, while demand remains stable despite potential slowdowns due to tariffs. Geopolitical factors, including U.S.-China tariff relief and the Russia-Ukraine situation, are influencing oil prices [6][7]. - Coal prices are anticipated to stabilize at a low level, and natural gas export facilities in the U.S. may accelerate, leading to lower import costs [6][7]. Chemical Sector Configuration - The report suggests a strategic focus on four areas: textile and apparel chain, agricultural chemicals, export chain, and sectors benefiting from "de-involution" policies. Specific companies are recommended for investment based on their market positions and growth potential [6][12]. Key Material Focus - Emphasis is placed on the importance of self-sufficiency in key materials, particularly in semiconductor and panel materials, with specific companies highlighted for their potential in these sectors [6][12]. Price Trends - Recent data indicates fluctuations in various chemical prices, with PTA prices down by 0.3% and MEG down by 2.0%. The report notes that the overall industrial product PPI has shown a year-on-year decline of 2.9% [12][13][16]. Company Valuations - A detailed valuation table is provided, showcasing various companies in the agricultural chemicals and chemical sectors, with ratings ranging from "Buy" to "Increase" based on their market performance and projected earnings [20].

Core Viewpoint - Blue Sky Technology's stock has shown a mixed performance in recent trading, with a year-to-date increase of 18.09% but a slight decline of 0.43% over the last five trading days [1] Financial Performance - For the first half of 2025, Blue Sky Technology reported revenue of 1.247 billion yuan, a year-on-year decrease of 3.64%, while net profit attributable to shareholders increased by 10.01% to 445 million yuan [2] - Cumulative cash dividends since the company's A-share listing amount to 1.136 billion yuan, with 866 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 9.84% to 19,000, while the average circulating shares per person increased by 10.92% to 16,100 shares [2] - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 50.0449 million shares, an increase of 1.0271 million shares from the previous period [3] - Other notable shareholders include Fu Guo Tian Hui Growth Mixed Fund and E Fund Growth ETF, with varying changes in their holdings [3] Market Activity - On September 12, Blue Sky Technology's stock price reached 55.82 yuan per share, with a trading volume of 182 million yuan and a turnover rate of 1.08% [1] - The company's market capitalization stands at 28.338 billion yuan, with significant net outflows of main funds amounting to 4.2828 million yuan [1]

证券日报网讯 9月11日晚间，蓝晓科技发布公告称，公司于2025年9月10日召开了职工代表大会，经与 会职工代表民主投票表决，选举安源女士为公司第五届董事会职工代表董事。安源女士由第五届董事会 非职工代表董事变更为第五届董事会职工代表董事，任期至公司第五届董事会任期届满之日止。 （文章来源：证券日报） ...