Market Overview - The chemical products sector rose by 0.19% on November 11, with Changhua Chemical leading the gains [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Top Performers - Changdai Chemical (301518) closed at 43.81, up 19.99% with a trading volume of 113,900 shares and a turnover of 433 million yuan [1] - Liansheng Chemical (301212) closed at 34.84, up 13.49% with a trading volume of 86,900 shares and a turnover of 278 million yuan [1] - United Chemical (301209) closed at 101.66, up 10.74% with a trading volume of 40,100 shares and a turnover of 392 million yuan [1] - Yongtai Technology (002326) closed at 25.04, up 10.02% with a trading volume of 1,255,400 shares and a turnover of 2.998 billion yuan [1] - Jinghua New Materials (603683) closed at 30.58, up 10.00% with a trading volume of 130,600 shares and a turnover of 387 million yuan [1] Underperformers - Jinhua New Materials (920015) closed at 58.40, down 8.55% with a trading volume of 74,700 shares and a turnover of 448 million yuan [2] - Runmo Materials (300727) closed at 39.75, down 5.13% with a trading volume of 86,200 shares and a turnover of 344 million yuan [2] - Sanmei Co., Ltd. (603379) closed at 54.28, down 4.77% with a trading volume of 142,400 shares and a turnover of 778 million yuan [2] Capital Flow - The chemical products sector experienced a net outflow of 585 million yuan from institutional investors and 480 million yuan from retail investors, while individual investors saw a net inflow of 1.065 billion yuan [2] - Notable net inflows from individual investors were observed in Yongtai Technology (2.28 billion yuan) and other companies [3]

Core Insights - Changhua Chemical's stock price increased by 5.15% on November 11, reaching 38.39 CNY per share, with a trading volume of 294 million CNY and a turnover rate of 15.04%, resulting in a total market capitalization of 5.381 billion CNY. The stock has risen for three consecutive days, with a cumulative increase of 8.34% during this period [1] Company Overview - Changhua Chemical Technology Co., Ltd. is located at No. 20 Beijing Road, Jiangsu Yangtze River International Chemical Park. The company was established on October 26, 2010, and went public on August 3, 2023. Its main business involves the research, production, and sales of polyether products [1] - The revenue composition of Changhua Chemical is as follows: POP accounts for 65.34%, soft foam PPG for 26.68%, CASE polyether and specialty polyether for 6.80%, and other (supplementary) products for 1.18% [1] Fund Holdings - According to data from the top ten holdings of funds, one fund under Penghua Fund has a significant position in Changhua Chemical. The Penghua Honghe Mixed A Fund (001325) held 99,500 shares in the third quarter, representing 4.98% of the fund's net value, making it the third-largest holding. The estimated floating profit today is approximately 187,100 CNY, with a total floating profit of 279,600 CNY over the three-day increase [2] - The Penghua Honghe Mixed A Fund (001325) was established on May 25, 2015, with a latest scale of 13.9925 million CNY. Year-to-date returns are 54.6%, ranking 737 out of 8147 in its category; the one-year return is 37.83%, ranking 1358 out of 8056; and since inception, the return is 90.08% [2] Fund Manager Profile - The fund manager of Penghua Honghe Mixed A (001325) is Liu Fangzheng. As of the report date, Liu has a cumulative tenure of 10 years and 248 days, with total fund assets of 811 million CNY. The best fund return during his tenure is 128.22%, while the worst return is -1.2% [3]

Group 1 - Changhua Chemical's stock increased by 5.21%, reaching 35.54 CNY per share, with a trading volume of 86.99 million CNY and a turnover rate of 4.69%, resulting in a total market capitalization of 4.982 billion CNY [1] - The company, established on October 26, 2010, and listed on August 3, 2023, is located in Jiangsu and specializes in the research, production, and sales of polyether products. The revenue composition is as follows: POP 65.34%, soft foam PPG 26.68%, CASE polyether and specialty polyether 6.80%, and others 1.18% [1] Group 2 - According to data from the top ten holdings of funds, Penghua Fund has one fund heavily invested in Changhua Chemical. The Penghua Honghe Mixed A fund (001325) held 99,500 shares in the third quarter, accounting for 4.98% of the fund's net value, making it the third-largest holding. The estimated floating profit today is approximately 175,100 CNY [2] - The Penghua Honghe Mixed A fund was established on May 25, 2015, with a latest scale of 13.9925 million CNY. Year-to-date returns are 56.21%, ranking 748 out of 8148 in its category; the one-year return is 42.16%, ranking 1254 out of 8053; and since inception, the return is 92.06% [2] Group 3 - The fund manager of Penghua Honghe Mixed A (001325) is Liu Fangzheng, who has a cumulative tenure of 10 years and 244 days. The current total asset size of the fund is 811 million CNY, with the best fund return during his tenure being 128.22% and the worst being -1.2% [3]

Core Viewpoint - Changhua Chemical (301518.SZ) has completed its share repurchase plan, acquiring a total of 1,039,718 shares, which represents 0.74% of the company's total share capital, with a total expenditure of approximately 18.21 million yuan [1] Summary by Sections Share Repurchase Details - The company repurchased shares through a centralized bidding transaction method, with the highest transaction price at 18.69 yuan per share and the lowest at 16.04 yuan per share [1] - The total amount spent on the repurchase was 18,208,981.10 yuan, excluding transaction fees [1] - The actual repurchase period was from December 10, 2024, to October 31, 2025 [1] Compliance and Implementation - The repurchase amount has reached the lower limit of the total funds allocated for the repurchase plan, without exceeding the upper limit [1] - The implementation of the share repurchase plan is in accordance with the company's established repurchase scheme, repurchase report, and relevant legal regulations [1]

Core Viewpoint - Longhua Chemical (301518.SZ) has completed its share repurchase plan, acquiring a total of 1,039,718 shares, which represents 0.74% of the company's total share capital, with a total expenditure of approximately 18.21 million yuan [1] Summary by Sections Share Repurchase Details - The company repurchased shares through a dedicated securities account via centralized bidding, with the highest transaction price at 18.69 yuan per share and the lowest at 16.04 yuan per share [1] - The actual repurchase period was from December 10, 2024, to October 31, 2025 [1] - The total amount spent on the repurchase has reached the lower limit of the planned repurchase funds, without exceeding the upper limit [1] Compliance and Implementation - The share repurchase has been executed in accordance with the company's established repurchase plan, repurchase report, and relevant legal regulations [1]

Summary of Key Points Core Viewpoint - Changhua Chemical announced a share buyback plan, indicating confidence in its financial health and commitment to shareholder value [1] Group 1: Share Buyback Details - As of the announcement date, the company has repurchased approximately 1.04 million shares, representing 0.74% of the total share capital [1] - The highest purchase price for the shares was 18.69 CNY per share, while the lowest was 16.04 CNY per share [1] - The total amount spent on the buyback is approximately 18.21 million CNY, which has reached the lower limit of the planned buyback fund [1] Group 2: Buyback Timeline - The actual buyback period is set from December 10, 2024, to October 31, 2025 [1] - The company has not exceeded the upper limit of the buyback fund as per the announced plan [1]

证券代码：301518 证券简称：长华化学 公告编号：2025-088 长华化学科技股份有限公司 关于回购股份实施完成暨股份变动的公告 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、回购事项概述 长华化学科技股份有限公司（以下简称"公司"）于 2024 年 11 月 11 日召开 第三届董事会第十二次会议，审议通过了《关于回购公司股份方案的议案》，同意 公司使用资金总额不超过 2,000 万元（含），不低于 1,000 万元（含）的自有资金 及中国建设银行股份有限公司张家港分行提供的股票回购专项贷款以集中竞价交 易方式回购公司人民币普通股（A 股），其中专项贷款金额不超过 1,400 万元。回 购股份将用于员工持股计划或股权激励，回购的实施期限为自公司第三届董事会第 十二次会议审议通过回购方案之日起不超过 12 个月。 具体内容详见公司分别于 2024 年 11 月 12 日、12 月 4 日在巨潮资讯网 （www.cninfo.com.cn）披露的《关于回购公司股份方案暨取得金融机构股票回购 专项贷款承诺书的公告》（公告编号：2024-038）、《回购 ...

Core Viewpoint - Changhua Chemical, established in 2010 and listed on the Shenzhen Stock Exchange in 2023, is a significant player in the domestic polyether product sector, known for its technological advantages and stable product quality [1] Group 1: Business Overview - Changhua Chemical's main business includes the research, production, and sales of polyether products, classified under the basic chemical industry [1] - The company is part of several concept sectors, including new materials, share buybacks, social security heavy holdings, nuclear fusion, superconductivity, and nuclear power [1] Group 2: Financial Performance - For Q3 2025, Changhua Chemical reported a revenue of 1.991 billion yuan, ranking 20th among 79 companies in the industry, with the industry leader, Sinochem International, generating 35.716 billion yuan [2] - The net profit for the same period was 76.0674 million yuan, placing it 33rd in the industry, while the top performer, Hangyang Co., reported a net profit of 850 million yuan [2] Group 3: Financial Ratios - As of Q3 2025, Changhua Chemical's debt-to-asset ratio was 43.98%, exceeding the industry average of 34.74%, and significantly higher than the previous year's 14.52% [3] - The gross profit margin for Q3 2025 was 7.12%, below the industry average of 19.93%, and an increase from 3.95% in the previous year [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 45.12% to 14,000, while the average number of circulating A-shares held per account decreased by 31.09% to 3,806 [5]

Group 1 - The core point of the news is that Changhua Chemical's stock price increased by 5.23% to 34.80 CNY per share, with a total market capitalization of 4.878 billion CNY as of the report date [1] - Changhua Chemical, established on October 26, 2010, and listed on August 3, 2023, specializes in the research, production, and sales of polyether products, with its main business revenue composition being 65.34% from POP, 26.68% from soft foam PPG, 6.80% from CASE polyether and specialty polyethers, and 1.18% from other sources [1] Group 2 - From the perspective of fund holdings, Penghua Fund has a significant position in Changhua Chemical, with its Penghua Honghe Mixed A fund holding 99,500 shares, accounting for 4.98% of the fund's net value, making it the third-largest holding [2] - The Penghua Honghe Mixed A fund, established on May 25, 2015, has a latest scale of 13.9925 million CNY and has achieved a year-to-date return of 60.4%, ranking 616 out of 8,154 in its category [2] - The fund manager, Liu Fangzheng, has a tenure of 10 years and 237 days, with the fund's total asset size at 811 million CNY, achieving a best return of 128.22% during his tenure [2]

Core Viewpoint - Changhua Chemical (301518.SZ) reported a decline in revenue for the first three quarters of 2025, while net profit showed significant growth [1] Financial Performance - The company's operating revenue for the first three quarters was 1.991 billion yuan, a year-on-year decrease of 9.31% [1] - Net profit attributable to shareholders was 76.067 million yuan, reflecting a year-on-year increase of 127.81% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 74.958 million yuan, marking a year-on-year growth of 168.81% [1] - Basic earnings per share were 0.55 yuan [1]