Group 1 - The company, Morning Chemical Co., Ltd. (stock code: 300610), is closely monitoring the impact of the digital economy on the fine chemical industry [1]

扬州晨化新材料股份有限公司（以下简称"晨化股份"或"公司"）于 2025 年 5 月 13 日召开 2024 年度股东会，会议审议通过了《关于使用自有闲置资金进行现金管理的议案》， 同意公司及子公司在确保不影响正常运营的情况下，使用不超过 120,000 万元自有闲置资金 进行现金管理，期限为自 2024 年度股东会审议通过之日起至 2025 年度股东会召开之日止。 公 司 董 事 会 、 监 事 会 出 具 的 决 议 刊 载 于 2025 年 4 月 18 日 巨 潮 资 讯 网 （http://www.cninfo.com.cn）。根据上述决议，近日公司使用自有闲置资金购买了 1,500 万元的理财产品。现将具体情况公告如下： 证券代码：300610 证券简称：晨化股份 公告编号：2025-068 扬州晨化新材料股份有限公司 关于使用自有闲置资金进行现金管理的进展公告 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。 | 序 号 | 资金来 源 | 签约单位 | 产品名称 | 金额 (万 | 产品 | 产品 起息日 | | 产品 到期日 | | | 预期 ...

Core Viewpoint - The announcement of the Yarlung Tsangpo River downstream hydropower project, with a total investment of approximately 1.2 trillion yuan, has sparked significant interest in the capital market, leading to a surge in related A-share sectors, particularly the hydropower sector, which saw a cumulative increase of 21.9% from July 21 to July 22 [1] Company Involvement - Zhejiang Fuhua Holdings has reported ongoing projects in pumped storage, with orders amounting to approximately 2 billion yuan, and has experience in high-altitude hydropower projects [3] - Far East Holdings is actively following the Yarlung Tsangpo project and is optimizing its products for the unique characteristics of the project [3] - Xihigh Institute has noted that the project will support the development of surrounding solar and wind energy resources, creating a clean energy base [4] - Rigong Energy Technology focuses on power engineering construction and has a history of providing monitoring products for major hydropower projects [4] - Zhongyuan Co. plans to participate in the bidding for equipment related to the Yarlung Tsangpo project [5] - China Electric Power Construction has confirmed its involvement in the project [7] - Huace Testing is providing environmental monitoring services for the project [7] - Jiu Steel Hongxing is prioritizing business related to the Yarlung Tsangpo project [8] - Henghua Technology emphasizes the market opportunities presented by the project and its alignment with the company's product offerings [9] - Hualing Cable has experience in major hydropower projects and is preparing to engage with the Yarlung Tsangpo project [10]

Core Viewpoint - The automotive coolant market in China is experiencing significant growth, with the market size projected to increase from 9.628 billion yuan in 2016 to 28.49 billion yuan in 2024, representing a compound annual growth rate (CAGR) of 14.52% [1][14]. Industry Overview - Automotive coolant, also known as antifreeze, is essential for maintaining engine temperature and preventing overheating, corrosion, and scale formation [3][5]. - The composition of automotive coolant includes antifreeze agents, corrosion inhibitors, and other additives to enhance heat absorption and transfer [3]. Market Growth - The automotive coolant market in China is driven by the rapid growth of the automotive sector, with the number of vehicles expected to rise from 217 million in 2017 to 353 million by 2024, a CAGR of 7.2% [11]. - The sales volume of automotive coolant is projected to reach approximately 1.8793 million tons in 2024, reflecting an 8% year-on-year growth [13]. Industry Development History - The development of automotive coolant began in the 1840s, with significant advancements in the 1920s when ethylene glycol-based coolants were introduced [7]. - The 21st century has seen the introduction of propylene glycol coolants, which are now being promoted for their safety and environmental benefits [7]. Industry Chain - The upstream of the automotive coolant industry includes raw materials such as water, antifreeze agents, and corrosion inhibitors, which are processed to create specialized coolant products [9]. - The downstream market serves both traditional fuel vehicles and electric vehicles, with increasing demands for efficient thermal management systems in the latter [9]. Competitive Landscape - The automotive coolant market features numerous participants, including international brands like Shell and ExxonMobil, as well as domestic brands such as Longpan Technology and Kangputon [17][19]. - Despite the late start of China's automotive coolant industry, local companies are improving their technology and product quality, leading to a trend towards higher quality products [19]. Future Trends - The automotive coolant industry is expected to focus on environmental sustainability, with a shift towards bio-based coolants and low-toxicity formulations [25]. - There is a growing demand for high-efficiency coolants due to advancements in automotive power systems, with new additives enhancing thermal conductivity and corrosion resistance [26]. - The integration of smart technologies for monitoring coolant parameters and optimizing formulations is anticipated to drive the industry's digital transformation [27].

扬州晨化新材料股份有限公司 关于股东减持计划期限届满的公告 证券代码：300610 证券简称：晨化股份 公告编号：2025-067 股东杨思学、徐长胜及其一致行动人徐长俊保证向本公司提供的信息内容真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 扬州晨化新材料股份有限公司（以下简称"公司"）于 2025 年 3 月 26 日披露了 《关于股东减持计划的预披露公告》(公告编号:2025-013 号)，公司股东杨思学、徐长 胜及其一致行动人徐长俊因个人资金需求，拟通过集中竞价交易方式减持公司股份。杨 思学本次拟减持公司股份数量不超过 1,500,000 股，即不超过公司总股本的 0.6976%， 占扣除公司回购账户股份后总股本 0.7004%；徐长胜及其一致行动人徐长俊本次拟减持 公司股份数量不超过 2,030,000 股（其中：股东徐长胜减持公司股份不超过 1,600,000 股，股东徐长俊减持公司股份不超过 430,000 股），即不超过公司总股本 的 0.9442%，占扣除公司回购账户股份后总股本的 0.9479%。 公司于近日收到股 ...

Core Viewpoint - Shareholders Yang Sixue, Xu Changsheng, and their concerted actor Xu Changjun plan to reduce their holdings in Chenhua Co., Ltd. due to personal financial needs [1] Summary by Relevant Sections Shareholder Reduction Plans - Yang Sixue intends to reduce his holdings by no more than 1.5 million shares, accounting for 0.6976% of the company's total share capital [1] - Xu Changsheng and his concerted actor Xu Changjun plan to reduce their holdings by no more than 2.03 million shares, representing 0.9442% of the company's total share capital [1] Current Shareholding Status - As of the announcement date, Yang Sixue has already reduced his holdings by 670,000 shares, which is 0.3116% of the company's total share capital [1] - Xu Changsheng and his concerted actor Xu Changjun have reduced their holdings by 1.4109 million shares, equivalent to 0.6562% of the company's total share capital [1] - Xu Changjun has reduced his holdings by 430,000 shares, making up 0.2000% of the company's total share capital [1] Total Reduction and Remaining Holdings - The total reduction plan has reached 2.5109 million shares, which is 1.1678% of the company's total share capital [1] - After the reduction, Yang Sixue's shareholding ratio will decrease to 3.5947%, while Xu Changsheng and his concerted actor Xu Changjun's shareholding ratio will drop to 4.0717% [1]

Group 1: Overseas Market Expansion - The company has been exporting products to Europe, America, Oceania, East Asia, Southeast Asia, and Africa, with a focus on expanding in the U.S., Russia, and Central Asia in 2025 [2][3] - Key products for overseas market expansion include polyether amines, alkyl glycosides, and flame retardants [2] Group 2: Production Capacity and Collaborations - The current production capacity for alkyl glycosides is 35,000 tons/year, with the largest sales in the pesticide and daily chemical sectors [3] - The company has established long-term strategic partnerships with several well-known multinational chemical companies, though specific details remain confidential [2] Group 3: Financial Performance and Profit Growth - The company anticipates profit growth in 2025 through innovation and expansion of polyether amine applications, as well as the timely completion of the alkyl glycoside expansion project [3][4] - The company maintains an optimistic outlook for profit trends in the next two years, contingent on the recovery of the chemical industry [3] Group 4: Research and Development Initiatives - Current R&D focuses include promoting polyether amines in specialized fields, with sales exceeding 1 million yuan in 2024, and increasing alkyl glycoside applications in high-end cosmetics [4] - Future R&D projects will target bio-based polyols and biodegradable pressure-sensitive adhesives [5] Group 5: Capacity Utilization and Shareholding - The capacity utilization rate for alkyl glycosides reached 100% in the first half of 2025 [5] - The company secretary holds 184,000 shares, with 84,000 shares from a 2021 incentive plan and 100,000 shares from a 2024 plan [5]

Group 1 - Aerospace Science and Technology expects a net profit of 68 million to 95 million yuan for the first half of 2025, representing a growth of 1628.83% to 2315.27% compared to the same period last year [1] - Huaxia Airlines anticipates a net profit of 220 million to 290 million yuan for the first half of 2025, an increase of 741.26% to 1008.93% year-on-year [1] - Shida Group forecasts a net loss of 44 million to 65 million yuan for the first half of 2025, marking a shift from profit to loss [1] Group 2 - Jiaao Environmental Protection expects a net loss of 70 million to 90 million yuan for the first half of 2025 [3] - Haima Automobile predicts a net loss of 60 million to 90 million yuan for the first half of 2025, compared to a loss of 152 million yuan in the same period last year [3] - Huaibei Mining anticipates a net profit of approximately 1.027 billion yuan for the first half of 2025, a decrease of about 65% year-on-year [3] Group 3 - Quanfu Automobile expects a net loss of 155 million to 185 million yuan for the first half of 2025 [5] - Gaode Infrared signed a procurement agreement worth 879 million yuan, which is expected to positively impact its operating performance for the year [5] - Zhongchen Co. won a project from Southern Power Grid worth 379 million yuan, representing 12.26% of its audited revenue for 2024 [5] Group 4 - Daheng Technology anticipates a net loss of 406,000 yuan for the first half of 2025, compared to a loss of 988,250 yuan in the same period last year [6] - Dazhongnan expects a net profit of 6.5 million to 8 million yuan for the first half of 2025, a recovery from a loss of 15.325 million yuan last year [6] - Xianfeng Holdings projects a net profit of 34 million to 42 million yuan for the first half of 2025, a year-on-year increase of 524.58% to 671.53% [7] Group 5 - Shuangxiang Co. expects a net profit of 115 million to 150 million yuan for the first half of 2025, a growth of 128.1% to 197.53% year-on-year [8] - ST Xintong anticipates a net loss of 67 million to 97 million yuan for the first half of 2025 [9] - Jishi Media forecasts a net loss of 187 million to 233 million yuan for the first half of 2025 [10] Group 6 - Suli Co. expects a net profit of 72 million to 86 million yuan for the first half of 2025, a year-on-year increase of 1008.39% to 1223.91% [11] - Wanli Co. anticipates a net loss of 19 million yuan for the first half of 2025, compared to a loss of 12.9238 million yuan last year [12] - Langzi Co. projects a net profit of 22 million to 26 million yuan for the first half of 2025, an increase of 31.74% to 55.69% year-on-year [14] Group 7 - Changjiang Securities expects a net profit of 1.652 billion to 1.81 billion yuan for the first half of 2025, a growth of 110% to 130% [15] - Huahong Technology anticipates a net profit of 70 million to 85 million yuan for the first half of 2025, a year-on-year increase of 3047.48% to 3721.94% [16] - Chenhua Co. plans to invest 30 million yuan in financial products with an expected annual yield of 3.20% [16] Group 8 - Zijing Mining expects a net profit of approximately 23.2 billion yuan for the first half of 2025, a growth of about 54% year-on-year [28] - Limin Co. anticipates a net profit of 26 million to 28 million yuan for the first half of 2025, a year-on-year increase of 719.25% to 782.27% [29] - Huazhong Securities expects a net profit of 1.035 billion yuan for the first half of 2025, a growth of 44.94% year-on-year [30]

Core Viewpoint - The company,晨化股份, has announced the investment of 30 million yuan in financial products using its idle funds, aiming to enhance capital efficiency and achieve better investment returns [1] Investment Details - The investment consists of two financial products, each amounting to 15 million yuan, specifically the 银河盛汇稳健1号集合资产管理计划 [1] - The expected annualized return rate for these financial products is 3.2% [1] - The start date for these financial products is July 10, 2025, and the maturity date is July 6, 2026 [1] Operational Impact - The company assures that this investment will not affect the normal operations of its main business and is conducted under the premise of ensuring daily operations and fund safety [1]

证券代码：300610 证券简称：晨化股份 公告编号：2025-066 扬州晨化新材料股份有限公司 关于使用自有闲置资金进行现金管理的进展公告 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。 扬州晨化新材料股份有限公司（以下简称"晨化股份"或"公司"）于 2025 年 5 月 13 日召开 2024 年度股东会，会议审议通过了《关于使用自有闲置资金进行现金管理的议案》， 同意公司及子公司在确保不影响正常运营的情况下，使用不超过 120,000 万元自有闲置资金 进行现金管理，期限为自 2024 年度股东会审议通过之日起至 2025 年度股东会召开之日止。 公 司 董 事 会 、 监 事 会 出 具 的 决 议 刊 载 于 2025 年 4 月 18 日 巨 潮 资 讯 网 （http://www.cninfo.com.cn）。根据上述决议，近日公司及子公司使用自有闲置资金购买 了 3,000 万元的理财产品。现将具体情况公告如下： | 序 号 | 资金来 源 | 签约单位 | 产品名称 | 金额 (万 | 产品 | 产品 起息日 | | 产品 到期日 | | ...