Core Insights - The chemical products sector experienced a slight increase of 0.05% on November 24, with Qiaoyuan Co. leading the gains [1] - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] Stock Performance - Qiaoyuan Co. (301286) saw a significant rise of 11.97%, closing at 36.30 with a trading volume of 96,900 shares and a transaction value of 346 million [1] - Letong Co. (002319) increased by 9.98%, closing at 12.78 with a trading volume of 82,400 shares and a transaction value of 102 million [1] - Changhua Chemical (301518) rose by 9.83%, closing at 41.79 with a trading volume of 96,300 shares and a transaction value of 391 million [1] - Other notable gainers include Kangda New Materials (002669) up 5.43% and Xinxun Technology (001335) up 5.30% [1] Declining Stocks - Chenguang New Materials (6635399) fell by 10.02%, closing at 15.35 with a trading volume of 87,300 shares and a transaction value of 134 million [2] - Yahua Group (002497) decreased by 5.99%, closing at 21.35 with a trading volume of 1,155,700 shares and a transaction value of 2.436 billion [2] - Yongtai Technology (002326) dropped by 5.36%, closing at 23.83 with a trading volume of 1,041,600 shares and a transaction value of 2.503 billion [2] Capital Flow - The chemical products sector saw a net outflow of 1.318 billion from institutional investors, while retail investors contributed a net inflow of 1.303 billion [2][3] - Notable net inflows from retail investors were observed in stocks like Kangda New Materials (002669) and Wanhua Chemical (600309) [3] - Institutional investors showed significant interest in stocks such as Kangda New Materials and Wanhua Chemical, with net inflows of 80.76 million and 74.46 million respectively [3]

11月21日，长华化学大宗交易成交6.42万股，成交额202.68万元，占当日总成交额的0.78%，成交价 31.57元，较市场收盘价38.05元折价17.03%。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | | | | | 2025-11-21 | 301518 | 长华化学 | 31.57 | 6.42 | | 202.68 方正证券股份有限 | 国泰海通证券股份 | | | | | | | | 公司上海杨高南路 | 有限公司上海临港 | | | | | | | | 证券营业部 | 新片区分公司 | ...

Core Insights - Longhua Chemical's stock increased by 4.72% on November 20, with a trading volume of 344 million yuan [1] - The company reported a net financing outflow of 604.73 million yuan on the same day, with a total financing and securities balance of 1.20 billion yuan [1][2] - Longhua Chemical's revenue for the first nine months of 2025 was 1.991 billion yuan, a year-on-year decrease of 9.31%, while net profit attributable to shareholders increased by 127.81% to 76.067 million yuan [2] Financing and Trading Activity - On November 20, Longhua Chemical had a financing buy-in of 30.576 million yuan, with a current financing balance of 1.20 billion yuan, representing 5.71% of its market capitalization [1] - The financing balance is above the 90th percentile of the past year, indicating a high level of activity [1] - There were no short sales or repayments on the same day, with the short selling balance also at zero, reflecting a high position compared to the past year [1] Company Overview - Longhua Chemical, established on October 26, 2010, is located in Jiangsu and specializes in the research, production, and sales of polyether products [1] - The company's revenue composition includes 65.34% from POP, 26.68% from soft foam PPG, 6.80% from CASE polyethers and specialty polyethers, and 1.18% from other sources [1] Shareholder Information - As of October 31, Longhua Chemical had 12,100 shareholders, a decrease of 13.73% from the previous period, while the average number of circulating shares per shareholder increased by 15.91% to 4,411 shares [2] Dividend Information - Longhua Chemical has distributed a total of 93.3252 million yuan in dividends since its A-share listing [3]

Core Viewpoint - Changhua Chemical (301518.SZ) is actively developing products and expanding its market presence in the lithium battery sector, although the sales volume in this area remains relatively small [1] Group 1: Product Development - The company is involved in the development of specialty polyether polyols and is constructing carbon dioxide polyether polyols, which can be used to produce high-performance polyurethane adhesives and water-based PUDs [1] - Some of the high-performance polyurethane adhesives and water-based PUD products are applied in the lithium battery industry [1] Group 2: By-products and Applications - The by-product of carbon dioxide polyether, propylene carbonate, can be used through ester exchange to produce dimethyl carbonate and ethyl methyl carbonate, which are applicable in battery electrolytes [1]

Core Viewpoint - The company is actively progressing on its new projects related to carbon dioxide polyether production and is engaging in exhibitions to attract potential clients [1] Group 1: Project Progress - The company's subsidiary is constructing a project for the production of 80,000 tons of carbon dioxide polyether and 300,000 tons of polyether polyols, along with 800 tons of catalyst equipment and supporting utilities [1] - The project is expected to be completed by the end of 2025, after which the company will apply for trial production permits [1] Group 2: Market Engagement - The company is participating in domestic and international exhibitions to expand its client base and promote sales [1] - There is a specific focus on attracting new clients for carbon dioxide polyether products [1]

Group 1 - The core point of the article is that Changhua Chemical held its third temporary board meeting on November 17, 2025, to discuss the election of the chairman of the fourth board of directors [1] - For the first half of 2025, Changhua Chemical's revenue composition was as follows: ordinary polymer polyols accounted for 65.34%, high-activity polymer polyols accounted for 26.68%, soft foam and CASE-type polyether polyols accounted for 6.8%, and other businesses accounted for 1.18% [1] - As of the report date, Changhua Chemical's market capitalization was 5.3 billion yuan [1]

证券代码：301518 证券简称：长华化学 公告编号：2025-092 长华化学科技股份有限公司 第四届董事会第一次会议决议公告 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、董事会会议召开情况 长华化学科技股份有限公司（以下简称"公司"）于 2025 年 11 月 17 日召开 2025 年第三次临时股东会、职工代表大会 2025 年第一次会议选举产生第四届董事会成员。 为保证董事会工作的衔接性及连续性，公司第四届董事会第一次会议经征得全体董 事同意豁免通知期限，通过现场书面、口头及电话的方式发出会议通知，于 2025 年 11 月 17 日在公司行政楼 5 楼 5008 会议室，以现场结合电子通信方式召开。 全体董事共同推举顾仁发先生担任会议主持人。本次会议应出席董事 9 名，实 际出席董事 9 名，其中陈殿胜以电子通信方式出席会议。全体高管列席本次会议。 本次会议的召集、召开和表决程序符合《中华人民共和国公司法》（以下简称 "《公司法》"）等法律法规和《公司章程》的有关规定。 二、董事会会议审议情况 会议审议并通过了如下议案： 1、审议通过《关于选 ...

公司编制的《2025 年度以简易程序向特定对象发行股票方案论证分析报告 （二次修订稿）》符合中国证券监督管理委员会、深圳证券交易所和《公司章程》 的有关规定，综合考虑了公司实际情况及目前所处行业现状、未来发展趋势及未 来发展战略，充分论证了本次发行证券及其品种选择的必要性，本次发行对象的 选择范围、数量和标准的适当性，本次发行定价的原则、依据、方法和程序的合 理性，本次发行方式的可行性，本次发行方案的公平性、合理性，本次发行对原 股东权益或者即期回报摊薄的影响以及填补的具体措施等事项符合公司实际情 况、行业发展现状及长远发展规划，符合公司全体股东的利益，不存在损害公司 及股东特别是中小股东利益的情形。 我们一致同意公司编制的《2025 年度以简易程序向特定对象发行股票方案 论证分析报告（二次修订稿）》。 本页无正文，为《长华化学科技股份有限公司独立董事关于〈2025 年度以简易 程序向特定对象发行股票方案论证分析报告(二次修订稿)〉的专项意见》之签字 页） 独立董事： 长华化学科技股份有限公司独立董事 关于《2025 年度以简易程序向特定对象发行股票方案论证分析报告 （二次修订稿）》的专项意见 根据《中华人民 ...

长华化学科技股份有限公司（以下称"公司""长华化学"）于 2025 年 11 月 17 日召开 2025 年第三次临时股东会和第四届董事会第一次会议。公司 2025 年第三次临时股东会选举产生了 8 名董事（包括 5 名非独立董事和 3 名独立董 事），该 8 名董事和公司职工代表大会选举产生的 1 名职工代表董事共同组成公 司第四届董事会。第四届董事会第一次会议完成了第四届董事会董事长、各专门 委员会委员的选举及高级管理人员、证券事务代表的换届聘任工作。 现将相关情况公告如下： 证券代码：301518 证券简称：长华化学 公告编号：2025-093 长华化学科技股份有限公司 关于公司董事会完成换届选举 及聘任高级管理人员、证券事务代表的公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、第四届董事会组成 公司第四届董事会由 9 名董事组成： 非独立董事：顾仁发（董事长）、张秀芬、陈凤秋、顾磊、徐文跃 职工代表董事：李鹏 独立董事：陈殿胜、赵彬、张凌 公司第四届董事会董事任期自公司股东会审议通过之日起三年。 第四届董事会中兼任公司高级管理人员及由职工代表担 ...

长华化学科技股份有限公司 关于2025年度以简易程序向特定对象发行股票摊薄即期回报 的风险提示及填补即期回报措施和相关主体承诺 (二次修订稿)的公告 证券代码：301518 证券简称：长华化学 公告编号：2025-095 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。 重要提示： 1、本公告中长华化学科技股份有限公司（以下简称"长华化学"或"公 司"）在测算分析本次以简易程序向特定对象发行 A 股股票(以下简称"本次发 行")对公司即期回报主要财务指标的摊薄影响时基于的假设和前提条件，不代 表公司对未来经营情况及财务状况的判断，亦不构成盈利预测。投资者不应据此 进行投资决策，如投资者据此进行投资决策造成损失的，公司不承担赔偿责任。 2、公司本次制定的填补回报措施及相关承诺主体的承诺不等于对公司未来 利润做出保证，敬请投资者关注，并注意投资风险。 根据《国务院办公厅关于进一步加强资本市场中小投资者合法权益保护工 作的意见》（国办发〔2013〕110 号）、《国务院关于进一步促进资本市场健康 发展的若干意见》（国发〔2014〕17 号）以及《关于首发及再融资、重大 ...