辽宁鼎际得石化股份有限公司 辽宁鼎际得石化股份有限公司 信息披露暂缓与豁免业务管理制度 第一章 总则 第一条 为规范辽宁鼎际得石化股份有限公司（以下简称"公司"）和其他信息披露 义务人信息披露暂缓与豁免行为，督促公司依法合规履行信息披露义务，保护投 资者的合法权益，根据《中华人民共和国证券法》《上市公司信息披露管理办法》 《上海证券交易所股票上市规则》（以下简称"《股票上市规则》"）等法律、法规 和规范性文件以及《辽宁鼎际得石化股份有限公司公司章程》（以下简称"《公司 章程》"）的有关规定，结合公司实际情况，制定本制度。 第二条 公司和其他信息披露义务人暂缓、豁免披露临时报告，在定期报告、临时 报告中豁免披露中国证券监督管理委员会（以下简称"中国证监会"）和上海证券 交易所规定或者要求披露的内容，适用本制度。 第三条 公司和其他信息披露义务人应当真实、准确、完整、及时、公平地披露信 息，不得滥用暂缓或者豁免披露规避信息披露义务、误导投资者，不得实施内幕 交易、操纵市场等违法行为。 第二章 信息披露暂缓与豁免的适用情形 第四条 公司和其他信息披露义务人应当审慎确定信息披露暂缓、豁免事项，履行 内部审核程序后实施 ...

Group 1: Policy Research - The "14th Five-Year Plan" period is a critical phase for China to achieve its 2035 vision, focusing on high-quality development driven by new productive forces through technological innovation and industrial upgrades [2][4] - The core development line during the "15th Five-Year Plan" period emphasizes high-quality development driven by new productive forces, with a focus on advanced fields such as artificial intelligence, quantum technology, and low-altitude economy [4][5] - The report outlines a strategic goal system for the "15th Five-Year Plan," aiming for an average annual economic growth of approximately 4.73% to double the economy or per capita income by 2035 [5][6] Group 2: Overseas Technology Research - OpenAI has signed a 10GW computing power order with Broadcom, focusing on building foundational hardware capabilities [7][8] - OpenAI plans to deploy a total of 26GW of computing power through partnerships with NVIDIA and AMD, indicating a significant investment in AI accelerator technology [8][9] - OpenAI is exploring new business models, including integrating shopping features into ChatGPT and launching consumer hardware products, aiming to support a $1 trillion capital investment over five years [9][10] Group 3: Industry Insights - TSMC has reported stronger-than-expected AI demand, with Q4 revenue guidance exceeding market expectations, indicating a positive outlook for the AI sector [10] - The semiconductor market is experiencing significant price increases, with DRAM prices rising by 91% since early September and 510% since March 2025, benefiting semiconductor material demand [19] - The steel industry is witnessing a recovery in demand post-holiday, with inventory levels decreasing, suggesting a potential stabilization in the market [31][34]

Investment Rating - The report maintains an "Outperform" rating for the industry [5] Core Views - The chemical sector has experienced a decline, with the CITIC Basic Chemical Index dropping by 5.76% this week [14] - Dragon Group's acquisition of Venator UK's titanium dioxide production assets for $69.9 million is a strategic move to enhance its overseas business [3] - Dingjide's new 200,000 tons POE industrial facility has been successfully launched, marking a significant milestone in its diversification into new materials [3] Market Performance - The Shanghai Composite Index fell by 1.47%, while the ChiNext Index dropped by 5.71% this week [14] - The top five sub-industries in terms of decline include synthetic resin (-10.64%) and modified plastics (-9.6%) [17] - The top ten companies with the highest gains include Sanfu Co. (+33.17%) and New Agricultural Co. (+21.48%) [18] Key Industry Dynamics - Dragon Group's acquisition is aimed at expanding its titanium dioxide production capabilities, which is crucial given the competitive landscape dominated by major players like Chemours and Tronox [3] - Dingjide's POE project is expected to support domestic production and reduce reliance on foreign technology [3] - The tire industry shows strong domestic competition, with companies like Sailun Tire and Linglong Tire being highlighted as potential investment opportunities [4] Investment Themes - The tire sector is identified as having strong growth potential, with domestic companies showing competitive advantages [4] - The consumer electronics sector is anticipated to recover, benefiting upstream material companies [4] - The phosphorous chemical industry is expected to tighten supply due to environmental regulations, making it a focus for investment [8] - The vitamin market is experiencing supply disruptions, particularly in vitamins A and E, creating potential investment opportunities [9]

Core Viewpoint - The company has successfully launched its POE industrialization project, producing qualified POE products that meet or exceed the performance of similar products in the market [2]. Group 1: Project Launch and Production - On October 16, the company announced the successful production of its POE industrialization facility, achieving stable operations and meeting performance indicators comparable to international competitors [2]. - The project has received market recognition from clients such as Shanghai Jinfa Technology Development Co., Ltd. and Suzhou Hechang Polymer Materials Co., Ltd. [2]. Group 2: Future Expansion Plans - The company plans to start the construction of the POE high-end new materials project in March 2024, following the approval of the investment proposal at the shareholder meeting on January 11, 2023 [2]. - After the first phase of production, the company intends to initiate a second phase to increase production capacity by an additional 200,000 tons/year of POE and 300,000 tons/year of ethylene for α-olefins [2]. - Long-term plans include establishing a complete petrochemical new materials industry matrix with additional capacities for liquid-phase polyethylene, ethylene vinyl acetate, and CO2 reforming technology [2].

Core Insights - The announcement by Liaoning Dingjide Petrochemical Co., Ltd. highlights the successful production of qualified POE products from its newly launched industrial facility, marking a significant milestone in the company's strategic development [1] Project Overview - The POE high-end new materials project is divided into short-term and long-term phases, with the short-term project involving an investment of 12 billion yuan [1] - The first phase of the short-term project includes the construction of a 200,000 tons/year POE facility, a 300,000 tons/year ethane-to-alpha-olefins unit, and related utilities [1] - Construction of the project commenced in March 2024, with pilot production expected to start in June 2025, achieving stable production of qualified POE products [1] Strategic Significance - The launch of the POE industrial facility signifies the company's transition from a producer of fine chemical additives and catalysts to a diversified manufacturer of new materials and fine chemicals [1] - This project is expected to support the domestic substitution of POE products and enhance the self-sufficiency of the industry chain [1] Industry Context - POE is recognized as a high-end polyolefin material with significant production challenges and high barriers to entry [1] - In recent years, domestic research institutions and companies have actively pursued independent research and development to break foreign technology monopolies, with several projects already achieving mass production [1]

Market Overview - US stock markets closed lower, with the Dow Jones Industrial Average down 301.07 points to 45952.24, a decline of 0.65% [1] - The S&P 500 index fell 41.99 points to 6629.07, down 0.63%, while the Nasdaq Composite dropped 107.54 points to 22562.54, a decrease of 0.47% [1] - 10 out of 11 sectors in the S&P 500 closed lower, with the financial sector leading the decline at 2.75% [1] Regional Bank Concerns - Zions Bancorporation reported unexpected losses of approximately $50 million in its California division, causing its stock to plummet by 13% [2] - The regional bank sector collectively declined, with Western Alliance down 10.8% after announcing a fraud lawsuit against a borrower [2] - The KBW regional bank index fell nearly 4%, marking its largest single-day drop in four months [2] Federal Reserve Insights - Federal Reserve Governor Christopher Waller indicated a preference for a 25 basis point rate cut in the upcoming October meeting, contingent on labor market data [3] - The market anticipates a 25 basis point cut with a mere 3.2% probability for a 50 basis point reduction [3] - US Treasury yields fell, with the 10-year yield down 6.9 basis points to 3.976%, the lowest since April [3] Commodity Market Movements - Gold prices surged, with spot gold closing above $4300 per ounce, marking a nearly 2.5% increase [3] - WTI crude oil futures fell by 1.47% to $56.99 per barrel, while Brent crude dropped 1.37% to $61.06 per barrel [3] Economic Data and Predictions - China's National Bureau of Statistics is set to release Q3 macroeconomic data, with economists predicting a GDP growth rate of 4.8% year-on-year [6] - The tax authority reported significant growth in retail sales for home appliances and smart home products, with a 30.1% increase in new energy vehicle sales [7] Corporate Announcements - Meituan's CEO emphasized the need for businesses to enhance operational efficiency rather than relying on competition within the industry [13] - Fuyao Glass announced a leadership change, with its founder stepping down as chairman [14]

Market Overview - US stock indices experienced a decline for the first time this week, with the S&P 500 down 0.63%, Dow Jones down 0.65%, and Nasdaq down 0.47%. The financial sector led the decline, dropping nearly 3% as regional banks Zions and Western Alliance reported rising non-performing loans, both falling over 10% [1] - The Nasdaq China Golden Dragon Index fell by 0.91%, with Century Internet down 5.84% and New Oriental down 5.10% [2] - US Treasury prices rose, with the 10-year yield dropping below 4.0%, reaching a six-month low, while the two-year yield hit a three-year low [3] Commodity and Currency Movements - The US dollar index fell for three consecutive days, reaching a weekly low, while the offshore RMB approached the 7.12 mark, hitting a monthly high. Gold and silver prices reached historical highs, with gold surpassing $4300 for the first time and silver rising over 4% [4] - Crude oil prices hit a five-month low, with EIA data showing an increase in crude oil inventories, leading to a nearly 2% drop in oil prices [4] Company Highlights - Oracle reported that its orders have exceeded $500 billion, with expectations that AI infrastructure projects could achieve a gross margin of 35%. The company anticipates revenues of $225 billion for the fiscal year 2030, surpassing analyst expectations, leading to a 5% increase in stock price [1] - ByteDance's Volcano Engine disclosed a significant increase in token usage for its large model, growing from 120 billion tokens in May 2024 to over 30 trillion tokens by September this year, indicating a substantial rise in computational demand [11] - The China National Nuclear Corporation's "Linglong No. 1" small modular reactor successfully completed its cold functional test, marking a significant breakthrough in China's nuclear power innovation [10] Investment Opportunities - The "Linglong No. 1" reactor is expected to generate 1 billion kWh annually and has a domestic equipment localization rate of over 90%, which could revitalize the nuclear equipment and fuel supply chains [10] - The construction of the 350MW tower solar thermal power project in Qinghai, which is the largest of its kind globally, has commenced with an investment of approximately 5.435 billion yuan [12] New Stock Offerings - A new stock offering is available for subscription: Bibet, on the Sci-Tech Innovation Board, with a subscription price of 17.78 yuan per share, focusing on innovative drug development for various cancers and autoimmune diseases [14]

Core Viewpoint - The announcement highlights the successful production of qualified POE products from the newly launched industrialization facility of the high-end new material project by Liaoning Dingjide Petrochemical Co., Ltd. [2][6] Group 1: Project Overview - The company approved the investment in the POE high-end new material project during the first extraordinary shareholders' meeting on January 11, 2023 [3] - The investment agreement for the project was revised and approved at the fourth extraordinary shareholders' meeting on August 14, 2023 [3] - The project received necessary permits and officially commenced construction in March 2024 [4] Group 2: Project Progress - The industrialization facility for the POE high-end new material project was successfully put into operation recently, producing qualified POE products [5][6] Group 3: Impact on the Company - The POE products have met performance indicators comparable to foreign counterparts, with some exceeding industry leaders [7] - The successful launch of the POE industrialization facility marks a significant milestone in the company's strategic development, transitioning from a fine chemical additive and catalyst manufacturer to a diversified producer of new materials and fine chemicals [7] - The project is expected to support domestic substitution of POE products and enhance the company's core competitiveness and market expansion [7]

Group 1: Industry Developments - The Ministry of Industry and Information Technology (MIIT) has launched a special initiative to achieve a city-wide computing power latency of less than 1 millisecond, aiming for a coverage rate of no less than 70% by 2027 [1] - The Ministry of Commerce plans to strengthen policy reserves and timely introduce new policies to stabilize foreign trade, focusing on enhancing services for foreign trade enterprises [2] - TSMC reported a Q3 revenue of NT$989.92 billion, a year-on-year increase of 30.3%, with a net profit of NT$452.3 billion, marking a record high and a 39.1% year-on-year growth [4][3] Group 2: Market Trends - International gold prices have reached a historical high for four consecutive days, driven by investor concerns over U.S. government shutdowns and global trade tensions, with COMEX gold peaking at $4,255.4 per ounce [5] - The U.S. is pressuring Japan to stop importing Russian energy, following similar actions taken against India [6] - Concerns about a potential market adjustment in the AI sector have been raised by a former Meta executive, indicating a high likelihood of market corrections [7] Group 3: Investment Opportunities - XPeng Motors plans to mass-produce flying cars next year, with expectations that the growth rate will surpass that of traditional automobiles [9] - The low-altitude economy is projected to exceed RMB 1 trillion by 2026, with significant market potential in various commercial scenarios [9] - Positive announcements include Fuyao Glass reporting a net profit of RMB 7.064 billion for the first three quarters, a year-on-year increase of 28.93% [16]

Core Viewpoint - Multiple companies have announced significant developments, including leadership changes, investment plans, project completions, and financial performance updates, which may present investment opportunities and insights into market trends [4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44]. Group 1: Leadership Changes - Fuyao Glass announced that Chairman Cao Dewang has resigned, with his son Cao Hui taking over as Chairman while Cao Dewang remains a board member [4] - Cangzhou Mingzhu's controlling shareholder is set to change to Guangzhou State-owned Assets Supervision and Administration Commission following a share transfer agreement [11]. Group 2: Investment and Fundraising Activities - Yiyi Co. plans to invest 70.2 million yuan in a venture capital fund to enhance its investment in the pet industry [5][6] - Guosen Securities received approval from the China Securities Regulatory Commission to issue up to 15 billion yuan in short-term corporate bonds [8]. - Yunnan Energy Investment's subsidiary plans to invest 1.872 billion yuan in a compressed air energy storage project [14]. Group 3: Project Developments and Contracts - Dingjide's subsidiary has successfully launched a high-end new material project for POE [7]. - Zhongtian Technology's subsidiaries have won or are expected to win contracts worth approximately 1.788 billion yuan for various marine projects [9]. - Dongfang Cable has recently secured seven projects with a total value of about 2.374 billion yuan [13]. Group 4: Financial Performance Updates - Rongzhi Rixin expects a net profit increase of 871.3% to 908.09% year-on-year for the first three quarters [23]. - Huadong CNC reported a 151.78% increase in net profit year-on-year for the first three quarters [24][25]. - Shijia Photon announced a 727.74% increase in net profit year-on-year for the first three quarters [26]. - Cangge Mining reported a net profit of 9.51 billion yuan for the third quarter, a 66.49% increase year-on-year [33]. Group 5: Strategic Partnerships and Collaborations - Buchang Pharmaceutical's subsidiary signed a technical service contract with WuXi AppTec for 10.8 million yuan [36]. - Zhongchao Holdings' subsidiary is participating in a national key project in collaboration with Shanghai Jiao Tong University [37]. - Zhaofeng Co. signed a strategic cooperation framework agreement with Niunai Robotics to collaborate on humanoid robot technology [38]. Group 6: Share Buybacks and Stock Movements - Zhijiang Bio plans to repurchase shares worth between 60 million and 120 million yuan [43]. - Hunan Silver adjusted its share repurchase price cap to 8 yuan per share, with a total repurchase amount between 92.6 million and 123 million yuan [44].