Core Viewpoint - 瑞丰新材's stock price has increased by 5.1% on November 13, reaching 62.25 CNY per share, with a total market capitalization of 18.422 billion CNY, indicating a positive market sentiment towards the company [1] Group 1: Company Overview - 瑞丰新材, established on November 11, 1996, is located in Xinxiang County, Henan Province, and was listed on November 27, 2020 [1] - The company specializes in the research, production, and sales of fine chemical products, primarily oil additives (98.12% of revenue) and other products (1.88% of revenue) [1] Group 2: Stock Performance - The stock has seen a cumulative increase of 3.37% over the past three days [1] - The trading volume on November 13 was 1.28 million CNY, with a turnover rate of 1.00% [1] Group 3: Shareholder Insights - 富国天惠成长混合(LOF)A/B (161005) is among the top ten circulating shareholders of 瑞丰新材, having reduced its holdings by 3.8 million shares in the third quarter, now holding 10 million shares, which is 4.82% of the circulating shares [2] - The fund has realized a floating profit of approximately 30.2 million CNY today and 19.3 million CNY during the three-day increase [2][3] Group 4: Fund Performance - 富国天惠成长混合(LOF)A/B (161005) has a total scale of 22.661 billion CNY and has achieved a year-to-date return of 16.98% [2] - The fund manager, 朱少醒, has a tenure of over 20 years, with the best fund return during this period being 1659.44% [2]

新乡市瑞丰新材料股份有限公司 关于公司对外投资并设立合资公司的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：300910 证券简称：瑞丰新材 公告编号：2025-054 一、对外投资并设立合资公司的概述 新乡市瑞丰新材料股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开第四届董事会第十一次会议，审议通过了《关于公司对外投资并设立合资 公司的议案》。具体内容详见公司于 2025 年 10 月 28 日披露于巨潮资讯网 （www.cninfo.com.cn）的《关于公司对外投资并设立合资公司的公告》（公告 编号：2025-051）。 为贯彻执行公司的战略规划和发展目标，优化业务布局，满足区域客户的配 套需求，增强公司在全球市场的综合竞争力，公司全资子公司瑞丰润滑油添加剂 （香港）有限公司（以下简称"瑞丰香港"）拟与沙特阿拉伯公司 Farabi Downstream Company（简称"法拉比下游公司"）在沙特阿拉伯延布市设立合资公司瑞丰法 拉比润滑油添加剂公司（简称"瑞丰法拉比"）（暂定名称，最终名称以相关部 门的备案 ...

Group 1 - The company reported a closing price of 57.3 yuan on November 7, 2025, with a decrease of 0.87% and a turnover rate of 1.72% [1] - The company has been in the lubricant additive industry for over 20 years and aims to become a significant global supplier in this sector [1] - The company plans to gradually build and release its production capacity based on market demand and customer development, focusing on obtaining third-party certifications and expanding its product matrix [1] Group 2 - The company has no intention to seek strategic partners for share transfer or buyback to mitigate the impact of potential large-scale share reductions by shareholders [2] - The company emphasizes that its stock price reflects its future value and will continue to enhance its competitiveness to create more value for shareholders [2] Group 3 - On November 7, there was a net outflow of 941.85 million yuan from main funds, while retail funds experienced a net outflow of 176.69 million yuan [3] - Conversely, there was a net inflow of 1,118.54 million yuan from speculative funds on the same day [3]

Core Viewpoint - The company's stock price ultimately reflects its future value, and it aims to enhance its industry competitiveness to create more value returns for shareholders [1] Group 1 - The company, Ruifeng New Materials, emphasizes its commitment to deepening its core business [1] - The company is focused on continuously improving its industry competitiveness [1] - The company aims to provide greater value returns to its shareholders [1]

Core Viewpoint - The company, Ruifeng New Materials, addressed investor concerns regarding the planned share reduction by Sinopec Capital and certain board members, emphasizing that it is a normal action based on personal financial needs and urging investors to view it rationally [2]. Summary by Relevant Sections - **Share Reduction Announcement** - Sinopec Capital and some directors and executives of the company plan to reduce their shareholdings, which is described as a normal behavior of shareholders based on their own financial requirements [2]. - **Investor Communication** - The company reassured investors that there are no undisclosed significant information that could impact the trading price of its stock and derivatives, in accordance with relevant laws and regulations [2].

Investment Rating - The report maintains a "Buy" rating for several companies in the chemical industry, including Xinyangfeng, Senqilin, Ruifeng New Materials, Sinopec, Juhua, Yangnong Chemical, CNOOC, Tongkun, and Daotong Technology [10]. Core Viewpoints - The report highlights significant price increases in sulfur, sulfuric acid, and lithium battery electrolyte, suggesting a focus on import substitution, domestic demand, and high dividend opportunities [6][19]. - The chemical industry is currently experiencing a weak overall performance, with mixed results across different sub-sectors due to past capacity expansions and weak demand [22]. - The report emphasizes the potential for the glyphosate industry to enter a recovery phase, recommending companies like Jiangshan Co., Xingfa Group, and Yangnong Chemical [8][22]. - It suggests focusing on companies with strong competitive positions and growth potential, particularly in the lubricant additive sector and coal-to-olefins industry [22]. - The report also notes the impact of international oil price fluctuations on the chemical sector, with a recommendation to pay attention to companies benefiting from lower raw material costs due to declining oil prices [20][22]. Summary by Sections Chemical Industry Investment Suggestions - The report suggests monitoring the glyphosate industry for potential recovery, with a focus on companies like Jiangshan Co., Xingfa Group, and Yangnong Chemical [8][22]. - It highlights the importance of selecting stocks with good competitive dynamics and profitability, particularly in the lubricant additive and coal-to-olefins sectors [22]. Price Trends of Chemical Products - Significant price increases were noted for sulfur (10.77%), lithium battery electrolyte (10.53%), and sulfuric acid (9.09%) [19]. - Conversely, products like R22 saw a drastic price drop of 60.49%, indicating volatility in the market [19]. Market Dynamics - The report discusses the influence of geopolitical events, such as US sanctions on Russia, on international oil prices, which are expected to remain around $65 per barrel [20][24]. - It also mentions the mixed performance of the chemical industry due to varying demand across different sectors, with some areas like lubricants performing better than others [22].

Group 1 - The core point of the news is that Ruifeng New Materials has experienced a decline in stock price, with a cumulative drop of 7.06% over three consecutive days, currently trading at 52.80 yuan per share and a market capitalization of 15.625 billion yuan [1] - Ruifeng New Materials, established on November 11, 1996, is located in Xinxiang County, Henan Province, and specializes in the research, production, and sales of fine chemical products, primarily lubricant additives, which account for 98.12% of its main business revenue [1] - The company has a trading volume of 1.06 billion yuan and a turnover rate of 0.97% as of the latest report [1] Group 2 - Tianhong Fund holds a significant position in Ruifeng New Materials through its Tianhong Ninghong Six-Month A fund, which has 8,000 shares, representing 0.59% of the fund's net value, making it the sixth-largest holding [2] - The Tianhong Ninghong Six-Month A fund has experienced a floating loss of approximately 2,320 yuan today and a total floating loss of 32,100 yuan during the three-day decline [2] - The fund manager, Hu Yu, has been in charge for 2 years and 124 days, with the fund's total asset size at 1.703 billion yuan and a best return of 9.07% during his tenure [2]

Group 1 - The core point of the article is that Ruifeng New Materials (300910.SZ) has seen a decline of 6.34%, currently trading at 53.05 yuan, with a market capitalization of 15.7 billion yuan [1] - The shareholder, Sinopec Capital Co., Ltd., plans to reduce its stake in the company by up to 2,959,300 shares, which represents a maximum of 1% of the total share capital [1] - The reduction period for this plan is set to begin 15 trading days after the announcement and will last for three months, from November 25, 2025, to February 24, 2026 [1]

Core Viewpoint - China Petroleum Capital Limited plans to reduce its stake in Ruifeng New Materials by up to 2.96 million shares, representing a maximum of 1% of the total share capital [1] Group 1: Shareholder Actions - China Petroleum Capital Limited holds 36.04 million shares, accounting for 12.18% of the total share capital, and 12.41% when excluding shares in the repurchase account [1] - Other executives, including the Vice General Manager and Board Secretary, plan to collectively reduce their holdings by 1.54 million shares, which is 0.52% of the total share capital [1] Group 2: Company Performance - Ruifeng New Materials specializes in the R&D, production, and sales of fine chemical products, including oil additives and carbonless paper color developers [1] - For the first three quarters of 2025, the company reported revenue of 2.551 billion yuan, a year-on-year increase of 10.87% [1] - The net profit attributable to shareholders reached 574 million yuan, reflecting a year-on-year growth of 14.85%, while the net profit after deducting non-recurring items was 540 million yuan, up 13.69% year-on-year [1]

Group 1 - The core point of the news is that Ruifeng New Materials experienced a decline of 5.01% in stock price, reaching 53.80 yuan per share, with a trading volume of 1.18 billion yuan and a turnover rate of 1.05%, resulting in a total market capitalization of 15.921 billion yuan [1] - Ruifeng New Materials, established on November 11, 1996, and listed on November 27, 2020, is located in Xinxiang County, Henan Province. The company specializes in the research, production, and sales of fine chemical products, including oil additives and non-carbon paper color developers [1] - The main business revenue composition of Ruifeng New Materials is 98.12% from lubricant additives and 1.88% from other supplementary products [1] Group 2 - According to data from the top ten heavy stocks of funds, a fund under Changjiang Asset Management holds a significant position in Ruifeng New Materials. The Changjiang Intelligent Manufacturing Mixed Fund A (014339) held 235,000 shares in the third quarter, accounting for 2.41% of the fund's net value, ranking as the eighth largest heavy stock [2] - The Changjiang Intelligent Manufacturing Mixed Fund A (014339) was established on December 29, 2021, with a latest scale of 341 million yuan. Year-to-date returns are 26.94%, ranking 3480 out of 8150 in its category; the one-year return is 37.64%, ranking 2017 out of 8043; and since inception, the return is 43.61% [2] - The fund manager of Changjiang Intelligent Manufacturing Mixed Fund A is Shi Zhan, who has been in the position for 3 years and 312 days, with a total asset scale of 603 million yuan. The best fund return during his tenure is 42.76%, while the worst is 40.58% [2]