[Table_Rating] 增持（维持） [◼Table_Summary] 市场行情走势 [行业Table_Industry] : 基础化工 日期: shzqdatemark 2025年11月05日 [Table_Author] 分析师: 于庭泽 SAC 编号: S0870523040001 [Table_QuotePic] 最近一年行业指数与沪深 300 比较 -10% -6% -2% 2% 7% 11% 15% 19% 23% 10/24 01/25 03/25 06/25 08/25 10/25 基础化工 沪深300 [Table_ReportInfo] 相关报告： 《原油价格下行，钴酸锂、碳酸锂涨幅居 前 ——基础化工行业周报（2025.10.11- 2025.10.17）》 ——2025 年 10 月 21 日 《原油价格下行，关注锂电材料 ——基础 化工行业周报（2025.9.27-2025.10.10）》 ——2025 年 10 月 15 日 《石化化工行业稳增长工作方案发布，关 注"反内卷"与新材料 ——基础化工行业周 报（2025.9.20-2025.9.26）》 ——2025 年 09 ...

Group 1 - The core viewpoint of the article highlights that Boyuan Co., Ltd. (SZ 301617) is actively engaging with investors, indicating a focus on transparency and communication regarding its business operations [1] - Boyuan Co., Ltd. reported that its revenue composition for the year 2024 is entirely from the chemical industry, with a 100.0% share [2] - As of the latest update, Boyuan Co., Ltd. has a market capitalization of 12.3 billion yuan [2]

Group 1: Company Overview - The company, Shandong Boyuan Pharmaceutical Chemical Co., Ltd., has a stock code of 301617 and is referred to as Boyuan Co. [1] Group 2: Investor Relations Activity - The investor relations activity involved a specific audience survey and included participants from various financial institutions such as Nuode Fund, Changjiang Securities, and others [2] - The meeting took place on October 31, 2025, in the Boyuan Co. conference room [2] Group 3: Product Capacity and Applications - The company has an existing production capacity of 4,100 tons/year for iodide products, which include inorganic iodides like potassium iodide and sodium iodide, as well as organic iodides such as trimethyl iodide [2][3] - Iodine and its derivatives are crucial raw materials in medical, agricultural, industrial, and nutritional fields, with applications in X-ray contrast agents, disinfectants, and LCD/LED screen polarizers [3] Group 4: Strategic Partnerships - Boyuan Co. signed a strategic cooperation framework agreement with Dongsheng Technology in October 2025, focusing on resource integration and technological innovation to enhance competitiveness in the solid-state battery materials industry [2] Group 5: Global Iodine Market Insights - According to SQM's 2024 annual report, the downstream application structure of iodine shows that X-ray contrast agents, pharmaceutical manufacturing, and LCD panel manufacturing account for approximately 63% of global consumption [3] - The global iodine production is concentrated in Chile, Japan, and the USA, which together account for 88% of total sales, with Chilean companies alone contributing 60% of global iodine sales [3]

证券代码：301617 证券简称：博苑股份 山东博苑医药化学股份有限公司 编号：2025-014 | | 特定对象调研 □分析师会议 ☑ | | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他（请文字说明其他活动内容） | | 参与单位名称 | 浙商证券、华福证券、竹润投资、招商信诺资产、中泰证券、 | | 及人员姓名 | 远惟投资 | | 时间 | 2025 年 10 月 30 日 | | 地点 | 博苑股份会议室 | | | 1、董事长：李成林 | | 上市公司接待 | 2、董事会秘书：张山岗 | | 人员姓名 | 3、财务总监：孙腾 | | | 4、证券事务代表：杨艳丽 | | | 1、碘及碘衍生物的主要应用与资源分布？ | | | 答：碘及碘衍生物是医疗、农业、工业及人类与动物营养 | | | 领域的重要原料，广泛应用于各类产品配方中，作为关键成分 | | | 或催化剂。其应用涵盖 X 射线造影剂、杀菌剂、防腐消毒剂、 | | | 医药中间体、LCD 与 LED 屏幕偏光膜、化学品、有机合成物和 | ...

Market Overview - The chemical products sector experienced a decline of 0.57% on the trading day, with Boyuan Co., Ltd. leading the losses [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers in the chemical products sector included: - Hangzhou Oxygen Plant Co., Ltd. (002430) with a closing price of 29.52, up 9.99% and a trading volume of 494,700 shares, totaling 1.43 billion yuan [1] - Pioneer New Materials (300163) closed at 4.93, up 6.94% with a trading volume of 1,542,200 shares, totaling 759 million yuan [1] - Jinrongzi (002407) closed at 26.50, up 6.26% with a trading volume of 2,445,100 shares, totaling 6.408 billion yuan [1] - Major decliners included: - Boyuan Co., Ltd. (301617) closed at 94.00, down 7.66% with a trading volume of 78,600 shares, totaling 763 million yuan [2] - Jinhua New Materials (920015) closed at 58.33, down 7.29% with a trading volume of 132,100 shares, totaling 810 million yuan [2] - Poly United (002037) closed at 10.10, down 6.13% with a trading volume of 247,400 shares, totaling 254 million yuan [2] Capital Flow - The chemical products sector saw a net outflow of 933 million yuan from institutional investors, while retail investors contributed a net inflow of 665 million yuan [2] - The capital flow for specific stocks indicated: - Hangzhou Oxygen Plant Co., Ltd. had a net inflow of 1.52 billion yuan from institutional investors, while retail investors had a net outflow of 948.96 million yuan [3] - Yongtai Technology (002326) experienced a net inflow of 1.25 billion yuan from institutional investors, with a net outflow of 2.22 billion yuan from retail investors [3] - Yahua Group (002497) had a net inflow of 1.08 billion yuan from institutional investors, while retail investors saw a net outflow of 657.87 million yuan [3]

Market Overview - The chemical products sector increased by 1.38% on October 29, with JinHua New Materials leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Top Performers - JinHua New Materials (Code: 920015) closed at 62.92, up 30.00% with a trading volume of 135,600 shares and a turnover of 746 million [1] - WeiLan Bio (Code: 603739) closed at 15.51, up 10.00% with a trading volume of 96,900 shares and a turnover of 148 million [1] - YiNuoWei (Code: 920261) closed at 16.34, up 7.08% with a trading volume of 48,000 shares and a turnover of 75.93 million [1] Underperformers - XianFeng New Materials (Code: 300163) closed at 4.61, down 7.62% with a trading volume of 1,672,400 shares and a turnover of 787 million [2] - JinJi Co., Ltd. (Code: 300798) closed at 7.63, down 5.92% with a trading volume of 230,600 shares and a turnover of 178 million [2] - KaiLi New Materials (Code: 6888889) closed at 41.10, down 5.30% with a trading volume of 40,900 shares and a turnover of 170 million [2] Capital Flow - The chemical products sector experienced a net outflow of 84.36 million from institutional investors, while retail investors saw a net inflow of 87.49 million [2][3] - Major stocks like KaiMeiTeQi (Code: 002549) had a net inflow of 200 million from institutional investors, while DeMeiHuaGong (Code: 002054) saw a net outflow of 155 million [3]

Core Viewpoint - The stock of Shandong Boyuan Pharmaceutical Chemical Co., Ltd. has experienced significant fluctuations, with a year-to-date increase of 151.82% but a recent decline of 3.42% over the last five trading days [1] Group 1: Company Overview - Shandong Boyuan Pharmaceutical Chemical Co., Ltd. was established on August 6, 2008, and is located in Shouguang City, Shandong Province [2] - The company specializes in the research, production, and sales of fine chemicals, including organic iodides, inorganic iodides, precious metal catalysts, luminescent materials, and hexamethyldisilazane [2] - The main revenue composition includes iodides (74.56%), specialty functional chemicals (12.79%), trading business (9.94%), and others (2.72%) [2] Group 2: Financial Performance - For the period from January to September 2025, Boyuan achieved operating revenue of 1.073 billion yuan, representing a year-on-year growth of 6.60% [2] - The net profit attributable to the parent company was 132 million yuan, showing a year-on-year decrease of 22.53% [2] - Cumulative cash dividends since the A-share listing amount to 88.408 million yuan [3] Group 3: Shareholder and Market Activity - As of October 20, 2025, the number of shareholders increased by 25.58% to 13,300, with an average of 2,502 circulating shares per person, a decrease of 20.37% [2] - The stock has appeared on the "Dragon and Tiger List" six times this year, with the most recent appearance on October 17, where it recorded a net buy of -20.2738 million yuan [1] - Major shareholders include various new institutional investors, with significant holdings from funds such as Zhonghang New Start Flexible Allocation Mixed A and Hong Kong Central Clearing Limited [3]

分红方面，博苑股份A股上市后累计派现8840.80万元。 机构持仓方面，截止2025年9月30日，博苑股份十大流通股东中，中航新起航灵活配置混合A （005537）位居第二大流通股东，持股134.56万股，为新进股东。香港中央结算有限公司位居第三大流 通股东，持股96.44万股，为新进股东。永赢新材料智选混合发起A（024737）位居第四大流通股东，持 股82.38万股，为新进股东。永赢睿信混合A（019431）位居第六大流通股东，持股72.87万股，为新进 股东。富国低碳环保混合（100056）位居第七大流通股东，持股61.45万股，为新进股东。富国新材料 新能源混合A（009092）位居第八大流通股东，持股50.01万股，为新进股东。鹏华汇智优选混合A （010894）位居第十大流通股东，持股43.42万股，为新进股东。 责任编辑：小浪快报 10月24日，博苑股份涨14.34%，成交额9.02亿元。两融数据显示，当日博苑股份获融资买入额8970.56 万元，融资偿还9953.44万元，融资净买入-982.88万元。截至10月24日，博苑股份融资融券余额合计 1.92亿元。 资料显示，山东博苑医药化学股份有 ...

Core Insights - The chemical products sector experienced a slight increase of 0.11% on October 24, with Boyuan Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Sector Performance - Boyuan Co., Ltd. (301617) closed at 102.79, with a significant increase of 14.34% and a trading volume of 91,000 shares, resulting in a transaction value of 902 million yuan [1] - Yahua Group (002497) saw a rise of 10.03%, closing at 17.88 with a trading volume of 1.2768 million shares [1] - Licheng Industrial (001218) increased by 6.97%, closing at 23.78 with a trading volume of 95,700 shares [1] - Guangdong Hongda (002683) rose by 4.77%, closing at 39.94 with a trading volume of 237,200 shares [1] - Other notable performers include Shengda Biological (603079) up 4.29%, Jianlong Micro-Nano (688357) up 4.04%, and Gaodian New Materials (300200) up 3.86% [1] Capital Flow - The chemical products sector saw a net outflow of 291 million yuan from main funds, while retail investors contributed a net inflow of 379 million yuan [1]

Core Viewpoint - The company reported a revenue of 327 million yuan in Q3 2025, reflecting a year-on-year growth of 4.84%, while net profit decreased by 31.08% to 33.42 million yuan [1] Financial Performance - Q3 2025 revenue reached 327 million yuan, marking a 4.84% increase compared to the same period last year [1] - Net profit for Q3 2025 was 33.42 million yuan, which represents a decline of 31.08% year-on-year [1]