证券日报网讯 7月31日，隆华新材发布公告称，公司根据全资子公司山东隆华高分子材料有限公司（简 称"隆华高材"）业务发展需要，以自有资金3亿元向其增资。本次增资完成后，隆华高材的注册资本由 人民币3亿元增加至人民币6亿元。隆华高材已于2025年7月30日完成相关工商变更登记，并已取得高青 县行政审批服务局核发的新《营业执照》。 （文章来源：证券日报） ...

金融界7月31日消息，隆华新材根据全资子公司山东隆华高分子材料有限公司业务发展需要，以自有资 金 3 亿元向其增资。增资后，隆华高材注册资本由 3 亿元增加至 6 亿元，并已于 2025 年 7 月 30 日完成 相关工商变更登记 。此次增资利于保障其日常需求及聚树脂项目推进，未导致公司合并报表范围变动 。责任编辑：栎树 ...

隆华高材已于 2025 年 7 月 30 日完成相关工商变更登记，并已取得高青县行 政审批服务局核发的新《营业执照》，具体情况如下： 一、本次变更内容 | 变更事项 | 变更前 | | 变更后 | | --- | --- | --- | --- | | 注册资本 | 3 亿元 | 6 | 亿元 | 证券代码：301149 证券简称：隆华新材 公告编号：2025-033 山东隆华新材料股份有限公司 关于全资子公司增加注册资本暨完成工商变更登记的公告 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，并对其内容的真实性、准确性和完整性承担个别及连 带责任。 山东隆华新材料股份有限公司（以下简称"公司"）根据全资子公司山东隆 华高分子材料有限公司（以下简称"隆华高材"）业务发展需要，以自有资金 3 亿元向其增资。本次增资完成后，隆华高材的注册资本由人民币 3 亿元增加至人 民币 6 亿元。 本事项不构成关联交易，不构成《上市公司重大资产重组管理办法》规定的 重大资产重组。根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所 上市公司自律监管指引第 2 号——创业板上 ...

1. 艾罗能源(688717.SH)：公司及多名董监高因个人资金需求，计划在15个交易日后3个月内通过集中竞价或大宗交易方式减持股 份，减持数量不超过公司总股本的0.78%。 2. 奥普光电(002338.SZ)：控股股东长春光机所计划在15个交易日后90日内，以集中竞价方式减持公司股份不超过240万股，占公 司总股本的1%。 3. 铂科新材(300811.SZ)：股东铂科天成及其一致行动人合计减持1.01%股份，减持计划实施完毕，同时股东梅建军合计减持8134 股，占总股本的0.0476%。 4. 博迁新材(605376.SH)：股东新辉投资计划在15个交易日后3个月内通过大宗交易减持公司股份不超过261.6万股，占公司总股本 的1%。 5. 博盈特焊(301468.SZ)：股东前海股权基金和中原前海基金减持计划实施完成，合计减持394.48万股，占公司总股本的2.99%。 6. 测绘股份(300826.SZ)：高级管理人员刘键计划在15个交易日后3个月内通过集中竞价方式减持公司股份不超过5万股，占公司总 股本的0.03%。 13. 红宝丽(002165.SZ)：控股股东宝源投资及实际控制人芮敬功计划在15 ...

Core Viewpoint - Newyu Longzhen Investment Partnership has reduced its shareholding in Shandong Longhua New Materials Co., Ltd. to below 5%, resulting in a change of actual control, but this will not significantly impact the company's governance structure or ongoing operations [2][4]. Summary by Sections Shareholding Changes - Newyu Longzhen held 21,499,985 shares, representing 4.999996% of the total share capital, thus falling below the 5% threshold [1][2]. - The shareholding was previously at 6.113156%, indicating a decrease of approximately 1.1132% [3][4]. Reduction Details - The reduction occurred in two phases: - From April 24, 2023, to June 2, 2023, a total of 3,799,986 shares were sold, accounting for 0.8837% of the total share capital [2][3]. - From July 14, 2025, to July 17, 2025, an additional 986,600 shares were sold, representing 0.2294% of the total share capital [1][2]. Compliance and Reporting - The reduction plan was disclosed in advance, with the company announcing the plan on June 9, 2025, and confirming that the plan was executed as intended [4][8]. - Newyu Longzhen has fulfilled its reporting obligations regarding the equity change, and there are no violations of relevant laws or regulations [4][8].

Core Viewpoint - The report outlines the equity change of Shandong Longhua New Materials Co., Ltd., indicating that the shareholder, Xinyu Longzhen Investment Partnership (Limited Partnership), has reduced its stake to below 5% through a series of share sales [1][2]. Group 1: Company Information - Company Name: Shandong Longhua New Materials Co., Ltd. [1] - Stock Exchange: Shenzhen Stock Exchange [1] - Stock Code: 301149 [1] - Shareholder: Xinyu Longzhen Investment Partnership (Limited Partnership) [1] - Registered Capital: 40,244,065.92 RMB [2] Group 2: Equity Change Details - Before the equity change, Xinyu Longzhen held 26,286,571 shares, representing 6.11% of the total share capital [5][7]. - After the equity change, Xinyu Longzhen holds 21,499,985 shares, which is 4.999996% of the total share capital [7]. - The reduction involved selling 3,799,986 shares from April 24, 2023, to June 2, 2023, and 986,600 shares from July 14, 2025, to July 17, 2025 [6][7]. Group 3: Purpose and Future Plans - The purpose of the equity change is primarily based on the shareholder's funding needs, leading to a reduction of shares through centralized bidding [4]. - There is a possibility of further reduction in shares within the next 12 months [4].

山东隆华新材料股份有限公司 上市公司名称：山东隆华新材料股份有限公司 简式权益变动报告书 股票上市地点：深圳证券交易所 股票简称：隆华新材 股票代码：301149 信息披露义务人：新余隆振投资合伙企业（有限合伙） 住所：江西省新余市渝水区珠珊镇珠珊集镇 41 号 通讯地址：江西省新余市渝水区珠珊镇珠珊集镇 41 号 股份变动性质：股份数量减少（股权比例下降至 5%以下） 签署日期：2025 年 7 月 19 日 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》（简称"《证券法》"）、 《上市公司收购管理办法》（简称"《收购办法》"）、《公开发行证券公司信息 披露内容与格式准则第 15 号——权益变动报告书》（简称"《15 号准则》"）及 相关的法律、法规编制本报告书。 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》、《收购办法》规定，本报告书已全面披露了信息披露义 务人在山东隆华新材料股份有限公司（以下简称"隆华新材"）拥有权益的股份变 动情况。截至本报告书签署之日，除本报告书披露的信息外，信息披露义务人没有 通过任何其他方式增加或减少其在隆华新材拥有权益的股份。 ...

证券代码：301149 证券简称：隆华新材 公告编号：2025-032 山东隆华新材料股份有限公司 关于持股5%以上股东权益变动触及1%整数倍且持股比例降 至5%以下、减持计划实施完成暨披露简式权益变动报告书的 提示性公告 股东新余隆振投资合伙企业（有限合伙）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。 本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。 特别提示： 1、本次权益变动后，股东新余隆振投资合伙企业（有限合伙）（以下简称 "新余隆振"）持有山东隆华新材料股份有限公司（以下简称"公司"或"本公 司"）股份 21,499,985 股，占本公司总股本的 4.999996%，持股比例下降至 5% 以下，不再是公司持股 5%以上股东。 2、本次权益变动属于股份减持，不触及要约收购，不会导致公司控股股东、 实际控制人发生变化。 公司于 2025 年 6 月 9 日在巨潮资讯网（www.cninfo.com.cn）披露了《关于 持股 5%以上股东及部分高级管理人员减持股份的预披露公告》（公告编号： 2025-029），公司持股 5%以上股东新余隆振持有公司股 ...

Industry Overview - As of late May 2025, the price of soft foam polyether in China is 0.73 million yuan per ton, a year-on-year decrease of 19.65% [1][9] - The decline in prices is attributed to the fluctuation and decrease in upstream raw material prices, such as propylene oxide, and rapid expansion of domestic production capacity, which reached 9.5 million tons per year by February 2025, with expectations to exceed 11 million tons per year [1][9][10] - The rapid increase in production capacity has led to a significant rise in market supply, while demand growth has not kept pace, resulting in an imbalance between supply and demand [1][9] Industry Development History - The soft foam polyether industry in China has undergone four main stages: the initial stage (1989-1993), rapid development (1993-1999), technological innovation (2000-2010), and green development (2010-present) [3][4][5] - The initial stage saw the establishment of the first large-scale polyether production facility in Tianjin, marking the beginning of industrial production [3] - The rapid development phase was characterized by the introduction of new products and significant increases in production capacity, with a focus on high-end applications [3] - The technological innovation phase involved advancements in production technology and increased government support for new materials [4] - The current green development phase emphasizes technological breakthroughs in catalysts and sustainable practices due to stricter environmental regulations [5] Industry Supply Chain - The upstream of the soft foam polyether industry includes basic chemical raw materials (propylene oxide, ethylene oxide), initiators (glycerol, propylene glycol), catalysts, and production equipment [7] - The midstream involves the manufacturing of soft foam polyether, while the downstream applications span across furniture, automotive, footwear, construction insulation, waterproof coatings, and packaging materials [7] Current Industry Status - The total production capacity of soft foam polyether in China was 9.413 million tons in 2024, with a year-on-year growth of 2.34% [10] - Major companies like Wanhua Chemical, Longhua New Materials, and Changhua Chemical dominate the market, leveraging their technological and scale advantages [10][14] - The consumption of soft foam polyether in the first four months of 2025 reached 122.56 thousand tons, a year-on-year increase of 7.15%, driven by recovery in downstream sectors like furniture and automotive [12] Key Companies' Performance - Wanhua Chemical Group, established in 1978, is a significant player in the global polyether market, focusing on technological innovation and expanding its production capacity [18] - Longhua New Materials, founded in 2011, has become a leading company in the domestic soft foam polyether industry, achieving a market share of 30% in polymer polyols [16] - In 2024, Longhua New Materials reported a revenue of 5.624 billion yuan, a year-on-year increase of 12.01% [16] Industry Development Trends - The industry is expected to see optimization of production capacity and increased concentration, with leading companies like Wanhua Chemical and Longhua New Materials driving capacity consolidation [20] - There is a strong emphasis on technological innovation and green transformation, with companies adopting low-VOC formulations and developing bio-based polyethers [21][22] - Downstream demand is diversifying, with traditional markets slowing while new sectors like automotive and cold chain logistics are emerging as key growth areas [23]

Industry Overview - Polyether polyols are essential raw materials for polyurethane, widely used in furniture, automotive, home appliances, and building insulation industries [1][12] - In 2024, China's polyether polyol production is projected to reach 5.48 million tons, a year-on-year increase of 7.07% [1][12] - Despite reaching a record high, the industry's capacity utilization rate remains below 70%, with intense competition in low-end products [1][12] - High-end specialty polyethers account for less than 30% of the market, with an import dependency exceeding 15%, indicating significant room for industrial upgrades [1][12] Industry Development History - The development of China's polyether polyol industry has gone through four stages, starting from 1980 to 1992, with the establishment of the largest polyether facility in Tianjin [4] - From 1993 to 1999, the industry experienced rapid growth, with production capacity reaching 260,000 tons per year by the end of 1996, a nearly 50% increase from 1994 [4] - The period from 2000 to 2010 focused on technological innovation, with significant advancements in production techniques and government support for new materials [4] - Since 2010, the industry has entered a phase of green development, with production capacity reaching 7.85 million tons by 2023, but with a capacity utilization rate of only about 63.16% [5][6] Industry Chain - The upstream of the polyether polyol industry includes basic chemical raw materials such as propylene oxide and ethylene oxide, as well as initiators and catalysts [8] - The midstream involves the production and manufacturing of polyether polyols, while the downstream applications span automotive, soft furniture, and footwear sectors [8] Current Industry Status - The demand for polyether polyols is driven by the continuous growth of the Chinese economy and consumption upgrades, leading to a steady increase in production [12] - The industry faces challenges such as low-end product homogenization and a need for higher-end product development [12] Key Companies' Performance - Wanhua Chemical, as a leading player, holds a 7% market share in the domestic polyether polyol market, with a production capacity of 1.59 million tons per year [14][16] - Longhua New Material focuses on high solid content and low VOC products, achieving a revenue of 5.513 billion yuan in 2024, a year-on-year increase of 12.28% [18] Industry Development Trends 1. **Accelerated Green Transformation and High-end Development** - The industry is moving towards green low-carbon transformation, with leading companies investing in bio-based raw material technologies [20] - Wanhua Chemical plans to establish a 100,000-ton/year bio-based polyether facility by 2025, reducing carbon emissions by 40% compared to traditional methods [20] 2. **Diversification of Market Demand and Structural Upgrades** - The demand structure is evolving, with traditional soft foam polyols growing slowly while new applications in cold chain logistics and electric vehicles are surging [21][22] 3. **Integration of Industry Chain and Deepening Global Layout** - The industry concentration is increasing, with leading companies enhancing cost advantages through vertical integration [23] - Wanhua Chemical has achieved over 80% self-sufficiency in propylene oxide, significantly reducing costs compared to purchasing raw materials [23]