研报掘金丨华安证券：维持中化国际“增持”评级，拟收购南通星辰发展迈上新台阶

Core Viewpoint - Sinochem International plans to acquire Nantong Xingchen, which will enhance its competitiveness in the epoxy resin market and leverage synergies in the engineering plastics industry chain [1] Group 1: Acquisition Details - Upon completion of the transaction, Sinochem International will hold 100% equity of Nantong Xingchen, increasing its total epoxy resin capacity to 510,000 tons, maintaining the leading position in China [1] - Nantong Xingchen's epoxy resin and bisphenol A businesses complement Sinochem's existing product lines, enhancing the overall competitiveness of its epoxy resin industry chain [1] Group 2: Strategic Benefits - The acquisition will enable Sinochem to rapidly expand its product offerings in the high-performance and high-value-added engineering plastics sector, creating a differentiated product portfolio that meets customer material needs [1] - The company focuses on building a "2+2" core industry chain and has a rich reserve of ongoing projects [1]