Group 1 - The personal care products sector increased by 1.77% on January 20, with Yanjiang Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] - Key stocks in the personal care sector showed varied performance, with Yanjiang Co., Ltd. closing at 19.40, up 9.11%, and Ziya Co., Ltd. at 22.51, up 4.16% [1] Group 2 - The personal care products sector experienced a net outflow of 47.99 million yuan from institutional investors, while retail investors saw a net inflow of 9.42 million yuan [2] - The trading volume for Yanjiang Co., Ltd. was 638,400 shares, with a total transaction value of 1.257 billion yuan [1] - The stock performance of major companies included a 2.51% increase for Beijia Co. and a 2.25% increase for Dengkang Oral Care [1][2] Group 3 - The net inflow from retail investors for the stock of Yiyi Co. was 400.92 million yuan, while the net outflow from institutional investors was 595.82 million yuan for Kela Co. [3] - The net inflow for Ziya Co. was 299.34 million yuan from retail investors, while it faced a net outflow of 1,407.33 million yuan from institutional investors [3] - The overall market sentiment showed mixed results, with some stocks like Yiyi Co. and Beijia Co. attracting retail interest despite institutional outflows [3]

Core Viewpoint - The company, Yanjing Co., Ltd. (延江股份), is attempting to diversify its business by acquiring a majority stake in Ningbo Yongqiang Technology Co., Ltd. (甬强科技), which specializes in high-end electronic interconnection materials for integrated circuits [2][3][6]. Group 1: Acquisition Details - Yanjing plans to acquire 98.54% of Yongqiang Technology through a combination of issuing shares and cash payments [4][5]. - The acquisition is expected to transform Yongqiang into a subsidiary of Yanjing, allowing the company to enter the high-end electronic interconnection materials market [4][6]. - The transaction is contingent upon the completion of asset auditing and valuation, with the final price yet to be determined [5]. Group 2: Financial Performance - For the first three quarters of 2025, Yanjing reported revenues of 1.295 billion yuan, a year-on-year increase of 22.99%, and a net profit of 42.5 million yuan, up 27.95% [11]. - In Q3 2025, Yanjing achieved revenues of 452 million yuan, reflecting a 16.6% increase, and a net profit of 16.66 million yuan, which is a significant rise of 209.1% [11]. Group 3: Market Position and Strategy - Yanjing has been focusing on both domestic and international markets, with a strategy aimed at enhancing profitability through technological advancements and product differentiation [11][12]. - The company has seen substantial growth in its existing product lines, with specific revenue increases in non-woven fabrics and perforated films [11]. - The acquisition of Yongqiang is viewed as a strategic move to capitalize on the growth potential in the integrated circuit materials sector [3][6]. Group 4: Yongqiang Technology Overview - Yongqiang Technology specializes in high-performance copper-clad laminates and semi-cured sheets, with an annual production capacity of 10 million square meters for high-frequency and BT substrates [6][12]. - Despite its potential, Yongqiang has not yet turned a profit, reporting losses in recent years, with revenues of 70.05 million yuan, 110 million yuan, and 139 million yuan from 2023 to the first nine months of 2025 [12][13].

Core Viewpoint - The passing of Ms. Xie Yingqiu, a significant shareholder of Yanjiang Co., Ltd., has led to a change in the company's ownership structure, with her shares being inherited by her son, Chen Zi'an [1] Shareholding Changes - Ms. Xie Yingqiu held 18,553,060 shares, representing 5.58% of the company's total share capital [1] - Following her death, these shares will be transferred to Chen Zi'an, who will inherit the entire stake [1] Control Structure - Prior to this change, the company's controlling shareholders included Xie Jihua, Xie Jiquan, Xie Yingqiu (deceased), Xie Shudong, Xie Daoping, and Lin Binbin [1] - On January 16, 2026, Chen Zi'an and his legal guardian signed a "Consistent Action Agreement" with Xie Jihua, ensuring that Chen Zi'an will align his voting decisions with Xie Jihua for five years [1] - Post this equity change, the controlling shareholders remain the same, with Chen Zi'an being recognized as a consistent action person [1]

Core Viewpoint - The passing of Ms. Xie Yingqiu, a significant shareholder of Yanjiang Co., Ltd., has led to a change in the company's ownership structure, with her shares being inherited by her son, Chen Zi'an [1] Shareholding Changes - Ms. Xie Yingqiu held 18,553,060 shares, representing 5.58% of the total share capital of the company [1] - Following her death, these shares will be transferred to Chen Zi'an, who will inherit the entire stake [1] Control Structure - Prior to this change, the company's controlling shareholders included Xie Jihua, Xie Jiquan, Xie Yingqiu (deceased), Xie Shudong, Xie Daoping, and Lin Binbin [1] - On January 16, 2026, Chen Zi'an and his legal guardian signed a "Consistent Action Agreement" with Xie Jihua, confirming that Chen Zi'an will align his voting decisions with Xie Jihua for five years [1] - Post this equity change, the controlling shareholders remain Xie Jihua, Xie Jiquan, Xie Shudong, Xie Daoping, and Lin Binbin, with Chen Zi'an recognized as a consistent action partner [1]

Strong Stocks - As of January 19, the Shanghai Composite Index rose by 0.29% to 4114.0 points, while the Shenzhen Component Index increased by 0.09% to 14294.05 points. The ChiNext Index fell by 0.7% to 3337.61 points. A total of 103 stocks in the A-share market hit the daily limit up [1] - The top three strong stocks based on current consecutive limit-up counts and daily trading data are: Sanbian Technology (002112), Siyuan Electric (002028), and Guangdian Electric (601616) [1] - Detailed data for the top 10 strong stocks includes: - Sanbian Technology (002112): 4 limit-ups in 5 days, turnover rate of 48.63%, and closing price of 25.9 - Siyuan Electric (002028): 2 consecutive limit-ups, turnover rate of 3.89%, and closing price of 46.6 - Guangdian Electric (601616): 2 consecutive limit-ups, turnover rate of 15.33%, and closing price of 6.51 [1] Strong Concept Sectors - The top three concept sectors with the highest gains in the A-share market are: Flexible DC Transmission, UHV (Ultra High Voltage), and Glyphosate [2] - The detailed data for the top 10 concept sectors includes: - Flexible DC Transmission: increased by 5.14% - UHV: increased by 4.29% - Glyphosate: increased by 3.46% [3]

股票代码：300658 股票简称：延江股份 公告编号：2026-007 厦门延江新材料股份有限公司 关于控股股东、实际控制人之一所持公司股份已完成继承公 证并签署一致行动协议的公告 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。 重要内容提示： 1、本次权益变动系公司原实际控制人之一谢影秋女士去世，对其遗产继承 事项导致。本次权益变动前，公司实际控制人为谢继华、谢继权、谢影秋（已过 世）、谢淑冬、谢道平、林彬彬；本次权益变动涉及的资产过户手续完成后，公 司实际控制人及其一致行动人将变为谢继华、谢继权、谢淑冬、谢道平、林彬彬 及陈子安，本次权益变动不会对公司生产经营产生重大不利影响； 2、根据《上市公司收购管理办法》第六十三条的规定，本次权益变动不涉 及要约收购，可以免于发出要约。 一、本次权益变动的原因 厦门延江新材料股份有限公司（以下简称"公司"）原实际控制人之一谢影 秋女士因病逝世，其生前直接持有公司股份 18,553,060 股，占公司总股本的比例 为 5.58%。 根据福建省厦门市思明公证处于 2026 年 1 月 15 日出具的（2026）厦思证内 ...

信息披露义务人一：陈子安 住所：福建省厦门市思明区建业路*号 通讯地址：福建省厦门市思明区建业路*号 厦门延江新材料股份有限公司 简式权益变动报告书 上市公司名称：厦门延江新材料股份有限公司 股票代码：300658 信息披露义务人二：陈伯才 住所：福建省厦门市思明区洪文一里*号 通讯地址：福建省厦门市思明区洪文一里*号 股份变动性质：股份增加（继承） 签署日期：二〇二六年一月十六日 上市地点：深圳证券交易所 股票简称：延江股份 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司收购管理办 法》（以下简称"《收购管理办法》"）、《公开发行证券的公司信息披露内容与 格式准则第15号——权益变动报告书》等法律、法规和规范性文件编制本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《证券法》、《收购管理办法》的规定，本报告书已全面披露信息披露 义务人在厦门延江新材料股份有限公司（以下简称"延江股份"）拥有权益的股份 变动情况；截至本报告书签署日，除本报告书披露的信息外，上述信息披露义务 ...

Market Overview - As of January 19, the Shanghai Composite Index closed at 4114.00 points, up 12.09 points, with a gain of 0.29% [1] - The Shenzhen Component Index closed at 14294.05 points, up 12.97 points, with a gain of 0.09% [1] - The ChiNext Index closed at 3337.61 points, down 23.41 points, with a decline of 0.70% [1] Stock Performance - A total of 86 A-shares had a turnover rate exceeding 20%, indicating significant trading activity [1] - Key stocks with high turnover rates included: - Kema Materials (科马材料) with a turnover rate of 62.05% and a closing price of 40.25 yuan, down 26.75% [1] - Kuntai Co. (坤泰股份) with a turnover rate of 54.99% and a closing price of 24.74 yuan, up 4.70% [1] - Sanbian Technology (三变科技) with a turnover rate of 48.63% and a closing price of 21.97 yuan, up 10.02% [1] - Nabichuan (纳百川) with a turnover rate of 44.29% and a closing price of 80.88 yuan, up 8.83% [1] - Hongxiang Co. (红相股份) with a turnover rate of 40.96% and a closing price of 17.99 yuan, up 15.17% [1] Notable Stocks - Other notable stocks with high turnover rates included: - Kangqiang Electronics (康强电子) at 40.96% turnover, closing at 23.48 yuan, up 7.46% [1] - Fangzheng Electric (方正电机) at 39.47% turnover, closing at 16.53 yuan, up 5.09% [1] - Shuangjie Electric (双杰电气) at 39.16% turnover, closing at 14.82 yuan, up 20.00% [1] - Deen Precision (德恩精工) at 39.15% turnover, closing at 24.19 yuan, up 2.76% [1] - C Zhi Xin (C至信) at 37.80% turnover, closing at 52.04 yuan, down 6.54% [1]

Core Viewpoint - The chemical industry is experiencing a significant upward trend, driven by a combination of cost support, demand recovery, and supply optimization, leading to a tighter supply-demand balance [4][12]. Group 1: Industry Performance - As of January 19, the Shenwan Basic Chemical Index rose by 2.70%, reaching 4758.50 points, with leading stocks like Xinxiang Chemical Fiber and Letong Co. hitting the daily limit [1][8]. - Multiple chemical products have seen collective price increases, including propylene, ammonium sulfate, acetone, and lithium hydroxide, driven by upstream oil price stabilization and pre-holiday stocking demand [3][11]. Group 2: Market Dynamics - The current price increase in chemical products is attributed to three main factors: cost support from stable oil prices, reduced effective capacity due to pre-holiday maintenance, and concentrated demand from downstream sectors [4][12]. - The industry is witnessing a trend of mergers and acquisitions as companies seek to expand into high-value sectors, such as integrated circuit materials and high-end electronic chemicals [5][13]. Group 3: Policy and Future Outlook - The Ministry of Industry and Information Technology and other departments have issued a plan aiming for an annual growth of over 5% in the petrochemical industry from 2025 to 2026, focusing on technological innovation and high-quality development [5][14]. - The Shandong Provincial Government has set a target for the petrochemical industry to achieve over 5% year-on-year growth by 2026, emphasizing the importance of high-end chemical products [6][14]. - The industry is transitioning from chaotic expansion to a phase of stable growth and transformation, supported by both national and local policies [7][15].

Core Viewpoint - The personal care products sector experienced a 1.96% increase on January 19, with Yanjiang Co., Ltd. leading the gains, while the Shanghai Composite Index rose by 0.29% and the Shenzhen Component Index increased by 0.09% [1] Group 1: Market Performance - The closing price of Yanjiang Co., Ltd. was 17.78, reflecting a significant increase of 19.97% with a trading volume of 767,100 shares and a transaction value of 1.28 billion yuan [1] - Baiya Co., Ltd. closed at 21.61, up by 4.60%, with a trading volume of 130,400 shares and a transaction value of 283 million yuan [1] - Reliable Co., Ltd. saw a closing price of 13.46, increasing by 2.12% with a trading volume of 32,300 shares [1] Group 2: Fund Flow Analysis - The personal care products sector had a net outflow of 50.30 million yuan from institutional investors, while retail investors saw a net inflow of 17.49 million yuan [2] - The main funds showed a net inflow of 7.99 million yuan into Stable Medical, while the retail funds had a net outflow of 16.41 million yuan [3] - In contrast, Jingya Co., Ltd. experienced a net outflow of 3.24 million yuan from main funds, but retail funds showed a net inflow of 5.23 million yuan [3]