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]

Core Viewpoint - Yanjiang Co., Ltd. (延江股份) has resumed trading and experienced a significant increase of 19.91% in stock price following the announcement of its plan to acquire control of Ningbo Yongqiang Technology Co., Ltd. [1] Group 1: Transaction Overview - The acquisition plan involves issuing shares and cash payments to purchase assets and raise supporting funds, with the company aiming to acquire 98.54% of Yongqiang Technology from 28 shareholders [2][3] - The transaction is contingent upon obtaining necessary approvals and authorizations, and the final transaction price will be determined based on an evaluation report [3][4] - The planned share issuance price for raising supporting funds is set at 9.94 yuan per share, which is not less than 80% of the average trading price over the previous 20 trading days [3] Group 2: Financial Performance - Yongqiang Technology reported revenues of 70.0455 million yuan, 110.0470 million yuan, and 139.4568 million yuan for the years 2023, 2024, and the first nine months of 2025, respectively, with net losses of 37.8291 million yuan, 44.4060 million yuan, and 31.6944 million yuan during the same periods [8] - Yanjiang Co., Ltd. reported revenues of 1.2304 billion yuan, 1.2586 billion yuan, 1.4846 billion yuan, and 1.2951 billion yuan for the years 2022, 2023, 2024, and the first nine months of 2025, respectively, with net profits of 29.3773 million yuan, 20.8718 million yuan, 27.2843 million yuan, and 42.5018 million yuan [11][12] Group 3: Strategic Implications - The acquisition will allow Yanjiang Co., Ltd. to expand its business into the high-end electronic information interconnection materials sector, enhancing its technological research and product development capabilities [6] - The transaction is expected to facilitate direct financing for Yongqiang Technology, providing long-term funding support and improving its ability to attract high-quality talent [6]

Market Overview - The Shanghai Composite Index rose by 0.13% at midday, while the Shenzhen Component Index fell by 0.01%, the ChiNext Index dropped by 0.64%, and the Sci-Tech Innovation Index decreased by 0.19% [3]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.79 trillion yuan, a decrease of 198.5 billion yuan compared to the previous trading day, with over 3,300 stocks rising [6]. Sector Performance - The ultra-high voltage concept stocks surged, with companies like China Xidian hitting the daily limit, and several other stocks in the electric grid equipment sector also saw significant gains [5][6]. - The retail and tourism sectors experienced a rally, with Xinhua Department Store hitting the daily limit and Guangbai Co. rising over 7% [6]. - The AI application sector showed signs of recovery, with Tianqi Co. reaching the daily limit and other companies like Giant Network and Shiji Information also performing well [7]. Notable Stocks - Cambridge Technology hit the daily limit down, despite forecasting a 51%-67% year-on-year increase in net profit for 2025, as Q4 performance fell short of expectations [7]. - Yongjiang Co. reached the daily limit after announcing plans to acquire 98.54% of Yongqiang Technology [11]. - Tongwei Co. opened down over 5%, with an expected net loss of approximately 9 to 10 billion yuan for 2025 [12]. Economic Indicators - The People's Bank of China conducted a 7-day reverse repurchase operation of 158.3 billion yuan at an interest rate of 1.40%, with 86.1 billion yuan of reverse repos maturing today [12].