Core Points - Dali Ke Pu (301566.SZ) announced that its major shareholder, Beijing Panmao Investment Management Co., Ltd. - Panxin (Shanghai) Investment Center (Limited Partnership), holds 35,097,096 shares, accounting for 8.77% of the total share capital [1] - The shareholder plans to reduce its holdings by up to 18,000,450 shares, which represents 4.50% of the total share capital, through centralized bidding and block trading within three months after the announcement [1]

证券代码：301566 证券简称：达利凯普 公告编号：2025-062 大连达利凯普科技股份公司 关于持股 5%以上股东减持股份的预披露公告 本公司持股 5%以上的股东北京磐茂投资管理有限公司－磐信（上海）投资中心 （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： 大连达利凯普科技股份公司（以下简称"公司"）持股 5%以上股东北京磐 茂投资管理有限公司－磐信（上海）投资中心（有限合伙）（以下简称"磐信投 资"）持有公司股份 35,097,096 股，占公司总股本的 8.77%，计划自本公告发 布之日起十五个交易日后的三个月内以集中竞价和大宗交易方式合计减持公司 股份不超过 18,000,450 股，占公司总股本的 4.50%。 磐信投资已完成向中国证券投资基金业协会申请适用《上市公司创业投资基 金股东减持股份的特别规定》，并已申请成功且通过基金业协会的备案。磐信投 资作为符合条件的创业投资基金，适用《深圳证券交易所上市公司创业投资基金 股东减持股份实施细则》"投资期限已满 36 个月但 ...

Investment Rating - Industry investment rating: Overweight [1] Core Views - The chemical sector showed a weekly performance ranking of 4th with a gain of 2.50%, outperforming the Shanghai Composite Index by 2.38 percentage points [3][22] - The chemical industry is expected to maintain a differentiated trend in 2025, with recommendations to focus on synthetic biology, pesticides, chromatography media, sweeteners, vitamins, light hydrocarbon chemicals, COC polymers, and MDI [4] Summary by Sections Industry Performance - The chemical sector's overall performance ranked 4th for the week of October 27 to October 31, 2025, with a gain of 2.50% [22] - The top three performing sub-sectors were fluorochemicals (8.40%), inorganic salts (7.68%), and phosphate fertilizers (5.84%) [23] Key Industry Dynamics - A new 510 billion yuan state-owned enterprise fund for emerging industries has been launched, focusing on strategic emerging industries such as new-generation information technology, artificial intelligence, and new materials [34] - The price of lithium hexafluorophosphate continued to rise, with a 15% increase to 103,500 yuan/ton, driven by high demand in the energy storage market [34] Recommendations for Specific Sectors - Synthetic biology is highlighted as a key area for growth, with companies like Kasei Biotech and Huaheng Biotech recommended for investment [4] - The third-generation refrigerants are expected to enter a high prosperity cycle due to quota policies, benefiting companies with high quota shares such as Juhua Co., Sanmei Co., and Haohua Technology [5] - The electronic specialty gases market presents significant domestic substitution opportunities, with companies like Jinhong Gas and Huate Gas positioned for growth [6][8] - Light hydrocarbon chemicals are identified as a global trend, with companies like Satellite Chemical recommended for investment [8] - The COC polymer industry is accelerating its domestic industrialization process, with companies like AkzoNobel expected to benefit [9] - Potash fertilizer prices are anticipated to rebound as supply tightens, with companies like Yara International and Salt Lake Potash recommended [10] - The MDI market is expected to improve due to oligopolistic supply dynamics, with Wanhu Chemical highlighted as a key player [12]

Core Viewpoint - The passive component market is experiencing significant price increases, particularly in tantalum capacitors, driven by rising demand from AI applications, with price hikes reported between 20% and 30% [1] Group 1: Price Increases and Market Impact - Kemet, a subsidiary of Yageo Group, has issued a price increase notice for tantalum capacitors, marking the second price hike this year, expanding the customer base from agents to direct sales [1] - The domestic passive component index saw an increase of nearly 5% over the first three trading days of the week from October 27 to 29 [1] Group 2: Financial Performance of Related Stocks - In 2024, over 20 stocks in the passive component industry are projected to achieve a combined net profit of nearly 6.6 billion, reflecting a year-on-year growth of 17.8%, reversing the decline seen in 2022 and 2023 [1] - For the first three quarters of this year, these stocks reported a net profit of nearly 5.8 billion, representing a year-on-year increase of nearly 12% [1] Group 3: Individual Stock Performance - Notable individual stocks with net profit growth exceeding 20% in the first three quarters include Shunluo Electronics, Dali Kipu, Tongfeng Electronics, Junwei Electronics, and Shunluo Electronics [1] - Among the over 20 stocks, only five have outperformed the passive component index's growth of 20.98% while also achieving a net profit growth of over 10% in the first three quarters: Tongfeng Electronics, Aihua Group, Dali Kipu, Fala Electronics, and Junwei Electronics, with the latter two having year-to-date growth below 5% [1]

Group 1 - Dali Ke Pu (301566.SZ) announced that Panxin Investment will reduce its shareholding by a total of 4.903924 million shares from October 16, 2025, to October 30, 2025, through centralized bidding and block trading [1] - The shares being reduced represent 1.2260% of the company's current total share capital [1]

Group 1 - Dali Ke Pu (301566.SZ) announced that Panxin Investment will reduce its shareholding by a total of 4.903924 million shares from October 16, 2025, to October 30, 2025, through centralized bidding and block trading [1] - The reduction represents 1.2260% of the company's current total share capital [1]

证券代码：301566 证券简称：达利凯普 公告编号：2025-061 大连达利凯普科技股份公司 关于持股 5%以上股东及董事、高级管理人员减持时间届满暨 减持股份结果公告 本公司持股 5%以上的股东北京磐茂投资管理有限公司－磐信（上海）投资中心 （有限合伙）及董事兼总工程师吴继伟、副总经理戚永义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。 大连达利凯普科技股份公司（以下简称"公司"）于 2025 年 7 月 9 日分别 披露了《关于持股 5%以上股东减持股份的预披露公告》（公告编号：2025-038） 及《关于部分董事及高级管理人员减持股份的预披露公告》（公告编号：2025-037）， 持有公司 5%以上股份的股东北京磐茂投资管理有限公司－磐信（上海）投资中 心（有限合伙）（以下简称"磐信投资"）计划自上述公告发布之日起十五个交 易日后的三个月内以集中竞价和大宗交易方式合计减持公司股份不超过 18,000,450 股，占公司总股本的 4.50%；吴继伟计划自上述公告发布之日起十五 个交易日后的三个月内以 ...

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、本次权益变动主体为持有大连达利凯普科技股份公司（以下简称"达利 凯普"或"公司"）5%以上股份的股东北京磐茂投资管理有限公司－磐信（上海） 投资中心（有限合伙）（以下简称"磐信投资"），不属于公司第一大股东、控 股股东及实际控制人，本次权益变动不会导致公司第一大股东、控股股东及实际 控制人发生变化，不会对公司治理结构及持续经营产生重大影响。 2、本次权益变动方式为集中竞价和大宗交易减持，不触及要约收购。 证券代码：301566 证券简称：达利凯普 公告编号：2025-060 大连达利凯普科技股份公司 关于持股 5%以上股东权益变动触及 1%的提示性公告 本公司持股 5%以上的股东北京磐茂投资管理有限公司－磐信（上海）投资中心 （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。 3、本次权益变动后，持有本公司 5%以上股份的股东磐信投资持有股份比例 从 10.0000%下降至 8.7741%。 4、本次权益变动涉及的减持股份计划的承诺与履行情况、意向、计划等具 体情况，详见公司 202 ...

Group 1 - The core viewpoint of the news highlights the financial performance and trading activity of Dali Kape, indicating a mixed sentiment in the market with a slight increase in stock price and notable financing activities [1][2]. - As of October 29, Dali Kape's stock price increased by 1.20%, with a trading volume of 245 million yuan. The net financing buy was negative at 523.88 million yuan, indicating more repayments than new purchases [1]. - The total financing and securities balance for Dali Kape reached 183 million yuan, accounting for 4.13% of its market capitalization, which is above the 80th percentile of the past year, suggesting a high level of financing activity [1]. Group 2 - For the period from January to September 2025, Dali Kape reported a revenue of 286 million yuan, reflecting a year-on-year growth of 13.75%, while the net profit attributable to shareholders increased by 43.20% to 126 million yuan [2]. - The company has distributed a total of 60 million yuan in dividends since its A-share listing, indicating a commitment to returning value to shareholders [3]. - As of September 30, 2025, the number of shareholders decreased by 2.34% to 20,600, while the average number of circulating shares per shareholder increased by 2.40% to 10,231 shares [2].

Core Viewpoint - The recent quarterly reports from listed companies reveal a significant shift in investment strategies among prominent private equity managers, with an increased focus on cyclical industries and a need to monitor fundamental developments, policy benefits, and industrial upgrades as core themes [1][4]. Private Equity Holdings - Gao Yi Asset's Feng Liu significantly reduced holdings in Hikvision by 58 million shares, retaining 280 million shares valued at 8.826 billion yuan, making it the fourth-largest shareholder [1]. - Renqiao Asset's Xia Junjie maintained positions in several stocks while slightly reducing holdings in Xingfu Electronics and increasing stakes in Beijing Renli [1]. - Ningquan Asset's Yang Dong entered as the eighth-largest shareholder in Fuanna with 6.0512 million shares valued at 4.2 million yuan [2]. - Ruijun Asset's funds became top shareholders in Dinglong Co., while also increasing stakes in other companies [2]. Increased Focus on Cyclical Industries - Gao Yi Asset's Deng Xiaofeng reduced holdings in Zijin Mining by approximately 18.6 million shares, still holding 180 million shares valued at 5.3 billion yuan, with a significant gain of about 1.5 billion yuan from the position [3]. - The same fund also reduced its stake in Yun Aluminum, holding 28.5 million shares valued at 1.164 billion yuan [3]. Policy Benefits and Industrial Upgrades - The Shanghai Composite Index surpassed 4,000 points, reflecting improved market sentiment and recognition of the value reassessment cycle in Chinese equity assets [4]. - Fengjing Capital noted that economic data remains resilient, with expectations for moderate improvement in fixed investment growth due to policy initiatives [4]. - Ning Shui Capital emphasized the importance of policy benefits and industrial upgrades as core investment themes while advising caution regarding high valuations [4].