证券代码：300821 证券简称：东岳硅材 公告编号：2026-013 山东东岳有机硅材料股份有限公司 关于公司 2025 年度利润分配预案的公告 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。 一、审议程序 公司于 2026 年 3 月 24 日召开的第三届董事会第十八次会议，审议通过了《关于公司 2025 年度利润分配预案的议案》，该议案尚需 2025 年度股东会审议通过。 二、利润分配方案的基本情况 （一）分配基准：2025 年度 （二）经容诚会计师事务所（特殊普通合伙）审计确认，公司 2025 年度归属于上市 公司股东净利润-1,930.92 万元，合并报表 2025 年末可供分配的利润为 112,924.86 万元； 2025 年度母公司实现净利润-1,880.34 万元，提取盈余公积 0 万元,加上年初未分配利润 116,842.44 万元，扣除 2025 年派发的现金股利 1,800.00 万元，母公司报表 2025 年末可 供分配利润为 113,162.10 万元。 （三）分配预案：以 2025 年 12 月 31 日公司总股本 120,000 ...

山东东岳有机硅材料股份有限公司 2025 年年度报告全文 山东东岳有机硅材料股份有限公司 2025 年年度报告 2026-005 2026 年 3 月 1 山东东岳有机硅材料股份有限公司 2025 年年度报告全文 2025 年年度报告 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律 责任。 公司负责人苏琳、主管会计工作负责人王海波及会计机构负责人(会计主 管人员)王海波声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 报告期内，公司主营业务、核心竞争力未发生重大不利变化，业绩亏损 的原因详见本报告"第三节 管理层讨论与分析"。 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资 者的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应 当理解计划、预测与承诺之间的差异。 公司在生产运营中主要存在的风险详见本报告"第三节 管理层讨论与分 析"之"十一、公司未来发展的展望"。敬请广大投资者注意投资风险。 公司经本次董事会审议通过的利润 ...

Group 1 - Wanhua Chemical (600309) is a global leader in the polyurethane industry, with core businesses covering MDI, TDI, and polyether polyols, while also extending into petrochemicals, new materials, and fine chemicals. The company has established a comprehensive industrial chain from raw materials to end products, maintaining a leading market share in MDI due to its scale and technological barriers. It is expanding into high-performance materials and new energy materials, aligning with the trends in new energy and high-end manufacturing, which opens up long-term growth opportunities [1][25] - Juhua Co., Ltd. (600160) is a leading enterprise in the domestic fluorochemical sector, with core businesses including fluorochemicals, chlor-alkali chemicals, and petrochemical materials. The company has a significant capacity in fluorinated refrigerants and is expanding into electronic chemicals and photovoltaic fluorinated materials, gradually breaking through overseas technological monopolies. Its comprehensive layout in the fluorochemical industry chain and strong compliance and cost advantages position it well for growth [2][26] - Satellite Chemical (002648) is a leader in the domestic acrylic acid and ester industry, focusing on acrylic acid, high polymer emulsions, and functional polymer materials. The company is accelerating its layout in photovoltaic-grade EVA and POE new energy materials, leveraging its propane dehydrogenation process to build an integrated industrial chain. Its strong cost control and alignment with the growth of the photovoltaic and lithium battery industries provide sustainable development momentum [3][27] Group 2 - Hoshine Silicon Industry (603260) is a global leader in industrial silicon and organic silicon, with core businesses covering industrial silicon, organic silicon, and graphite electrodes. The company has a leading production capacity in industrial silicon and a comprehensive product range in organic silicon, benefiting from energy-rich production bases. Its complete industrial chain layout and focus on high-purity silicon for photovoltaics align with trends in new energy and high-end manufacturing, offering significant long-term growth potential [4][28] - Adisseo (600299) is a global leader in animal nutrition additives, with core products including methionine and vitamins widely used in livestock farming. The company has established a stable supply system and significant technological and cost advantages, while also expanding into biotechnology and functional food sectors. Its stable performance and low sensitivity to macroeconomic fluctuations enhance its competitive position in the global feed additive industry [5][29] - Zhejiang Longsheng (600352) is a global leader in the dye industry, with core businesses covering dyes, intermediates, and water-reducing agents. The company has a leading market share in disperse and reactive dyes, supported by an integrated industrial chain and strong cost control. Its diversified business structure enhances risk resilience, while its expansion into hydrogen energy and environmental protection projects strengthens its competitive position in the global dye and fine chemical industry [6][30] Group 3 - Haohua Technology (600378) is a domestic leader in high-end fluorinated materials and electronic chemicals, with core businesses including fluororesins, fluororubbers, and electronic-grade chemicals. The company benefits from deep technological reserves and has achieved some degree of import substitution. Its focus on high-end chemical materials aligns with national strategic emerging industries, providing long-term growth support [7][31] - Sanmei Co., Ltd. (603379) is a key player in the domestic fluorochemical sector, focusing on refrigerants, foaming agents, and fluorinated salts. The company has established an integrated fluorochemical industrial chain and is expanding into environmentally friendly refrigerants. Its stable cash flow and strong downstream demand support its competitive position in the domestic fluorochemical market [8][32] - Meihua Biological (600873) is a global leader in the amino acid industry, with core products including monosodium glutamate and amino acids widely used in food, feed, and pharmaceuticals. The company has a leading market share in MSG and lysine, supported by its advanced fermentation technology and cost advantages. Its expansion into pharmaceutical-grade amino acids and biodegradable materials enhances its competitive position in the global amino acid and fermentation industry [9][33]

Investment Rating - The industry rating is "Outperform the Market," indicating that the overall return of the industry is expected to exceed the market benchmark index by more than 5% in the next 6 months [56]. Core Insights - In January 2026, global semiconductor sales reached $82.5 billion, marking a 46.1% increase compared to January 2025 and a 3.7% increase from December 2025 [4][31]. - The semiconductor price increase trend continues, with major foundries planning to raise prices by up to 10% starting in April 2026 due to rising production costs driven by various factors including supply chain disruptions and raw material price hikes [30]. - The domestic manufacturing upgrade is ongoing, with high standards and high-performance material demands expected to be released gradually, indicating a rapid development potential for the new materials industry [4]. Market Overview - The Wind New Materials Index closed at 5900.37 points, up 0.87% week-on-week. Among the six sub-industries, the semiconductor materials index fell by 2.79%, while the carbon fiber index rose by 26.05% [3][11]. - The top five gainers in the week included Ruifeng High Materials (25.52%), Lianrui New Materials (21.33%), and Huate Gas (15.49%) [26][27]. Recent Industry Highlights - The launch of the full-size humanoid robot PEEK by Huaxiang Qiyuan represents a breakthrough in lightweight, high-endurance, and durable applications, reducing the robot's weight by 5.3 kg [4][35]. - Feikai Materials announced plans to invest in a new production base in Anhui, with a total investment of approximately 1 billion yuan, aimed at expanding its semiconductor materials strategy [35][36].

Core Viewpoint - Dongyue Silicon Materials is actively engaged in the research, production, and sales of silicone materials, with a focus on developing products that often require further processing for end-use applications [1] Group 1: Company Overview - The company specializes in organic silicone materials [1] - Products developed by the company include electric liquid glue, which is currently being marketed [1] Group 2: Market Engagement - Dongyue Silicon Materials is actively connecting with the market for its developed products [1]

Core Viewpoint - The A-share market continues to show a strong upward trend, driven by resource stocks, while the media sector remains weak due to profit-taking and insufficient earnings expectations [3][12]. Market Performance - On February 25, the A-share market saw 3,748 stocks rise, with the Shanghai Composite Index up 0.72% to 4,147.23 points, and the ChiNext Index up 1.41% to 3,354.82 points [4][5]. - The total trading volume increased by 262.8 billion yuan, reaching 2.48 trillion yuan, with margin trading balances in the three major markets rising to 2.62 trillion yuan [4][5]. Sector Analysis - Resource stocks, particularly in non-ferrous metals and steel, are leading the market due to favorable policies, improved supply-demand dynamics, and rising product prices [3][12]. - The media sector is experiencing a downturn, attributed to continuous adjustments in the film and theater sector, weakening AI application concepts, and profit-taking after significant prior gains [3][12]. Investment Recommendations - The market is expected to maintain a structurally rotating trend in the short term, with a focus on technology and resource stocks as key investment directions [3][12][15]. - Analysts suggest that the core investment themes should revolve around resource stocks (steel, non-ferrous metals, chemicals) and hard technology (semiconductors, commercial aerospace) [15].

Group 1: Market Overview - The total trading amount for the Shanghai Stock Connect today was 151.32 billion, while the Shenzhen Stock Connect totaled 168.22 billion [2] - The top traded stocks in the Shanghai Stock Connect included Northern Rare Earth with 1.92 billion, followed by 34-Year Salary and Industrial Fulian with 1.88 billion and 1.82 billion respectively [3] - In the Shenzhen Stock Connect, CATL led with 2.89 billion, followed by Tianfu Communication and Zhongji Xuchuang with 2.56 billion and 2.51 billion respectively [3] Group 2: Sector Performance - The non-ferrous metals and chemical sectors showed significant gains, while the film and television, as well as AI application sectors, experienced declines [4] - The non-ferrous metals sector had a net inflow of 5.36 billion, leading all sectors, followed by electronics with 5.29 billion and communications with 4.64 billion [5] - The computer sector saw the highest net outflow of 12.41 billion, followed by cultural media with 8.81 billion and film and television with 2.53 billion [6] Group 3: Stock-Specific Activity - Tongyuan Petroleum saw a price increase of 14.51% with institutional purchases totaling 385 million, while it faced a sell-off of 138 million from two major retail investors [12] - Dongyue Silicon Material experienced a strong surge, receiving 102 million from quantitative funds and 59 million from a major retail investor [12][14] - The top stocks with net inflows included Zhongji Xuchuang with 221.8 million and Huagong Technology with 133 million [7] Group 4: ETF Trading - The top ETF by trading amount was A500 ETF Fund with 10.65 billion, showing a 27.23% increase from the previous trading day [9] - The A500 ETF from Huatai Baichuan and Southern also saw significant trading volumes of 8.20 billion and 7.60 billion respectively, with growth rates of 3.46% and 27.31% [9] - The ETF with the highest increase in trading amount compared to the previous day was the Brazil ETF from E Fund, which surged by 489.90% to 1.11 billion [10] Group 5: Futures Market - In the futures market, the main contracts for IH, IF, and IC saw both long and short positions increase, with a notable increase in short positions for the IF contract [11]

Core Viewpoint - The article highlights the trading activities and capital flows in the Chinese stock market, focusing on the performance of specific stocks, sectors, and ETFs, indicating potential investment opportunities and trends in market sentiment [1][5][12]. Trading Volume Summary - The total trading volume for the Shanghai and Shenzhen Stock Connect reached 319.54 billion, with Northern Rare Earth and CATL leading in trading volume for the Shanghai and Shenzhen markets respectively [1][2]. - The top ten stocks by trading volume included Northern Rare Earth (1st, 19.19 billion), Zijin Mining (2nd, 18.82 billion), and Industrial Fulian (3rd, 18.17 billion) for the Shanghai market [3]. - For the Shenzhen market, CATL topped the list (1st, 28.88 billion), followed by Tianfu Communication (2nd, 25.62 billion) and Zhongji Xuchuang (3rd, 25.11 billion) [4]. Sector Performance - The non-ferrous metals sector saw the highest net inflow of capital, amounting to 5.36 billion, with a net inflow rate of 3.23% [6]. - Other sectors with significant net inflows included electronics (5.29 billion, 1.46%) and communications (4.64 billion, 3.29%) [6]. - Conversely, the computer sector experienced the largest net outflow, totaling -12.41 billion, with a net outflow rate of -5.86% [7][8]. ETF Trading Activity - The A500 ETF Fund (512050) had the highest trading volume at 10.65 billion, with a week-on-week increase of 27.23% [12]. - The Brazilian ETF (520870) saw a remarkable increase in trading volume, up 489% from the previous trading day, reaching 1.11 billion [13]. Institutional and Retail Trading Insights - Institutional trading was notably active, with Tongyuan Petroleum experiencing a price surge and receiving 385 million from five institutions, while also facing a sell-off of 138 million from two retail investors [16]. - The top stocks with significant net inflows included Zhongji Xuchuang (22.18 billion, 11.26%) and Huagong Technology (13.30 billion, 22.23%) [9]. - The stocks with the highest net outflows included Huasheng Tiancai (-16.38 billion, -18.20%) and Dazhi Technology (-15.32 billion, -23.88%) [10]. Futures Market Overview - In the futures market, both long and short positions increased across major contracts, with the IF contract seeing a notable increase in short positions [15].

Core Insights - The total trading volume of the Shanghai and Shenzhen Stock Connect reached 319.54 billion, with Northern Rare Earth and CATL leading in trading volume for the Shanghai and Shenzhen markets respectively [1][2] - The non-ferrous metals sector saw the highest net inflow of funds, indicating strong investor interest [4][5] - The Brazilian ETF from E Fund experienced a remarkable 489% increase in trading volume compared to the previous trading day [10] Trading Volume Summary - The total trading amount for the Shanghai Stock Connect was 151.32 billion, while the Shenzhen Stock Connect totaled 168.22 billion [2] - The top traded stocks in the Shanghai market included Northern Rare Earth (1st, 19.19 billion), Zijin Mining (2nd, 18.82 billion), and Industrial Fulian (3rd, 18.17 billion) [3] - In the Shenzhen market, CATL topped the list with 28.88 billion, followed by Tianfu Communication (25.62 billion) and Zhongji Xuchuang (25.11 billion) [3] Sector Fund Flow Summary - The non-ferrous metals sector led with a net inflow of 5.36 billion, representing a net inflow rate of 3.23% [4] - Other sectors with significant net inflows included the communication sector (4.63 billion, 3.29%) and electrical grid equipment (3.75 billion, 4.33%) [4] - The computer sector experienced the highest net outflow at -12.41 billion, with a net outflow rate of -5.86% [5] Individual Stock Activity - Tongyuan Petroleum saw a significant increase of 14.51% with institutional purchases totaling 385 million [12] - Dongyue Silicon Materials achieved a strong limit-up, attracting 102 million from quantitative funds [15] - The top net inflow stocks included Zhongji Xuchuang (2.22 billion) and Huagong Technology (1.33 billion) [7] ETF Trading Summary - The A500 ETF Fund (512050) had the highest trading volume at 10.65 billion, with a 27.23% increase from the previous trading day [9] - The Brazilian ETF from E Fund (520870) had a staggering 489% increase in trading volume, making it the top performer in terms of growth [10]

Summary of Key Points Core Viewpoint - The trading volume of the Shanghai and Shenzhen Stock Connect reached a total of 319.54 billion, with Northern Rare Earth and CATL leading in individual stock trading volumes. The non-ferrous metals sector saw the highest net inflow of funds, while the Brazilian ETF experienced a significant increase in trading volume. Group 1: Trading Volume and Key Stocks - The total trading amount for the Shanghai Stock Connect was 151.32 billion, while the Shenzhen Stock Connect totaled 168.22 billion [1] - Northern Rare Earth topped the Shanghai Stock Connect with a trading volume of 1.919 billion, followed by Industrial Fulian and Zhaoyi Innovation [2] - CATL led the Shenzhen Stock Connect with a trading volume of 2.888 billion, followed by Tianfu Communication and Zhongji Xuchuang [2] Group 2: Sector Performance - The non-ferrous metals sector had a net inflow of 5.36 billion, representing a net inflow rate of 3.23% [3] - Other sectors with significant net inflows included electronics and communications, while the computer and cultural media sectors experienced the highest net outflows [4] Group 3: ETF Trading - The A500 ETF Fund (512050) had the highest trading volume at 10.6513 billion, with a 27.23% increase from the previous trading day [6] - The Brazilian ETF (520870) saw a remarkable 489% increase in trading volume, making it the top performer in terms of growth [7] Group 4: Institutional Activity - Tongyuan Petroleum saw a price increase of 14.51% with institutional purchases totaling 385 million [8] - The stock Zhongtung High-tech experienced a 10% increase with institutional purchases of 199 million [8] Group 5: Quantitative Fund Activity - Zhongji Xuchuang had the highest net inflow from quantitative funds at 2.218 billion, with a net inflow rate of 11.26% [5] - Other notable stocks with significant net inflows included Huagong Technology and China Railway [5]