SINOCHEM INTERNATIONAL(SH:600500) Sou Hu Cai Jing·2025-12-23 10:09Core Viewpoint - China National Chemical Corporation (中化国际) has announced the establishment of a joint venture with related parties to enhance the sales of polycarbonate, aiming to improve market efficiency and reduce operational costs [1]. Group 1: Company Performance - As of December 23, 2025, China National Chemical Corporation's stock closed at 3.88 yuan, down 0.77% from the previous trading day, with a total market capitalization of 13.923 billion yuan [1]. - The stock opened at 3.92 yuan, reached a high of 3.92 yuan, and a low of 3.87 yuan, with a trading volume of 49.0081 million yuan and a turnover rate of 0.35% [1]. Group 2: Joint Venture Details - The joint venture, named China National Chemical Polycarbonate Sales (聊城) Co., Ltd., has a registered capital of 5 million yuan [1]. - The investment structure includes Lu Xi Chemical contributing 2.55 million yuan for a 51% stake, Cangzhou Dahua contributing 1.5 million yuan for a 30% stake, and China National Chemical Plastics contributing 0.95 million yuan for a 19% stake [1]. - All parties are investing their own funds, and the board of directors has approved the investment, with independent directors also expressing agreement [1]. - The joint venture will have one director appointed by Lu Xi Chemical, and the financial officer will also be appointed by Lu Xi Chemical, with no supervisory board established [1].