山东卓创资讯股份有限公司 第三届董事会第十九次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、董事会会议召开情况 证券代码：301299 证券简称：卓创资讯 公告编号：2025-045 本次会议以现场结合通讯表决的方式，审议并通过以下议案： 1. 审议通过《关于公司<2025 年第三季度报告>的议案》 表决结果：6 票同意，0 票反对，0 票弃权。 董事会认为，公司《2025 年第三季度报告》真实、准确、完整地反映了公 司 2025 年第三季度经营、财务等方面的实际情况，不存在虚假记载、误导性陈 述或重大遗漏。 本议案已经公司董事会审计委员会审议通过。 山东卓创资讯股份有限公司（以下简称"公司"）第三届董事会第十九次会 议于 2025 年 10 月 28 日在公司会议室以现场结合通讯方式召开。本次会议通知 于 2025 年 10 月 24 日以电子邮件方式向全体董事发出。本次会议应出席董事 6 人，实际出席董事 6 人，独立董事张宜生先生、朱清滨先生均以通讯方式出席。 本次会议由董事长姜虎林先生召集并主持，公司监事、高级管理人员列席会议。 本 ...

Core Insights - The rubber industry in China has shown significant growth during the "14th Five-Year Plan" period, with tire production expected to reach 847 million units in 2024 and a high radial tire rate of 96.1% [1] - Despite facing challenges, the industry has established a robust supply chain and is encouraged to maintain development confidence [1] - Future growth predictions indicate a 3% increase in industry output value by 2026, with a potential turnaround in profit growth and an increase in green rubber products [2] Industry Performance - The rubber industry's main business revenue increased by 26.7%, profits grew by 14.4%, and export delivery value surged by 41.2% compared to 2020 [1] - The global economic situation is expected to impact China's economic growth slightly in the second half of the year, with traditional manufacturing facing more pressure [1] Future Trends - Predictions for 2026 include a product radialization rate exceeding 97% and green rubber products making up 30% of the market, with overseas production capacity rising to 15% [2] - The industry is advised to focus on technological innovation, green cycles, and international collaboration to build a quality and efficiency-oriented development model [2] Market Dynamics - The global scale advantage of China's rubber tire industry continues to grow, driven by performance upgrades and differentiated rubber development [2] - The rise of the low-altitude economy presents new growth opportunities for Chinese tire companies, emphasizing the need for collaboration in standard setting, technological innovation, and talent development [2] Strategic Initiatives - The "15th Five-Year Plan" development guidelines for the rubber industry were released, along with the announcement of key product energy efficiency leaders for 2024 [2]

Core Viewpoint - 福莱特玻璃 reported strong Q3 performance with significant revenue and profit growth, exceeding market expectations [1] Company Performance - 福莱特 achieved revenue of 4.73 billion yuan in Q3, representing a year-on-year increase of 21% and a quarter-on-quarter increase of 29% [1] - The company reported a net profit attributable to shareholders of 376 million yuan, marking a turnaround from losses and a quarter-on-quarter growth of 143% [1] Industry Insights - 国金证券 noted a significant increase in 福莱特's photovoltaic glass shipment volume in Q3, with expectations of accelerated inventory reduction [1] - By the end of Q3, 福莱特's inventory decreased by 751 million yuan to 1.207 billion yuan [1] - The photovoltaic glass industry has seen a reduction in production capacity, with domestic production capacity dropping to 89,000 tons per day as of July [1] - Despite rising prices in August and September, there has not been a large-scale resumption of production, maintaining low domestic production capacity [1] - The photovoltaic glass segment is experiencing less oversupply compared to other segments, with a notable decline in capacity from previous highs [1]

Core Viewpoint - The domestic retail price of refined oil is expected to decrease in the upcoming adjustment window, with the price of 92 gasoline in Chongqing potentially returning to the "6 yuan era" due to a negative change rate in international crude oil prices [1][2]. Group 1: Price Adjustments - The reference crude oil change rate as of October 24 is -6.09%, leading to an expected reduction of 265 yuan per ton for gasoline and 255 yuan per ton for diesel, translating to a decrease of 0.21 yuan for 92 gasoline, 0.22 yuan for 95 gasoline, and 0.22 yuan for diesel per liter [1]. - This will mark the ninth price reduction of the year, with a full tank (50L) for private cars costing approximately 10.5 yuan less after the adjustment [1]. Group 2: Impact on Transportation Costs - For a private car running 2000 kilometers per month with an average fuel consumption of 8L per 100 kilometers, the fuel cost is expected to decrease by around 16 yuan before the next price adjustment window [1]. - For heavy trucks running 10,000 kilometers per month with a fuel consumption of 38L per 100 kilometers, the fuel cost will decrease by approximately 390 yuan before the next adjustment window [1]. Group 3: Market Dynamics - Following the recent price drop, the cost of commuting and travel for the public has further decreased, with several gas stations in Chongqing offering discounts on gasoline [2]. - Despite the support from international crude oil prices, there are concerns about oversupply and rising U.S. oil production, which could negatively impact the market [2]. - The expectation for a potential price increase in the next adjustment window is based on a recalculated positive change rate for crude oil, with an anticipated adjustment of 230 yuan per ton [2].

Core Viewpoint - The National Development and Reform Commission announced a reduction in domestic gasoline and diesel prices due to fluctuations in international oil prices, marking the ninth price cut of the year [1][2]. Price Adjustment Summary - As of October 27, 2023, gasoline prices will decrease by 265 yuan per ton and diesel prices by 255 yuan per ton, resulting in a reduction of approximately 0.21 yuan for 92-octane gasoline and 0.22 yuan for diesel per liter [1]. - After the adjustment, the price of 92-octane gasoline will range from 6.8 to 6.9 yuan per liter, while diesel will be priced between 6.5 and 6.7 yuan per liter [1]. International Oil Market Analysis - The initial phase of the price adjustment was influenced by a reduction in geopolitical risk premiums due to easing tensions in the Middle East, alongside increased production from OPEC+ [2]. - Brent crude oil prices fell to around 61 USD per barrel, the lowest in six months, but later rebounded due to uncertainties regarding Russian oil supply and postponed US-Russia summit [2]. - Despite the rebound, the average international oil price remains significantly lower than in the previous adjustment cycle, indicating a general downward trend [2]. Future Market Outlook - Analysts suggest that geopolitical tensions and ongoing sanctions against certain oil-producing countries may provide short-term support for international oil prices, but the overall market is expected to remain in a state of oversupply [2][3]. - The International Energy Agency has raised its forecast for global oil supply growth, predicting a surplus of approximately 4 million barrels per day next year, which may limit upward price movements [2].

Market Overview - On October 27, the digital media sector declined by 0.17% compared to the previous trading day, with Fantuan Shuchuang leading the decline [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Stock Performance - Notable stock performances in the digital media sector included: - *ST Fanli: Closed at 6.40, up 4.40% with a trading volume of 125,500 shares and a turnover of 79.92 million yuan [1] - Zhidema: Closed at 33.92, up 3.13% with a trading volume of 112,200 shares [1] - Sanliuwang: Closed at 12.90, up 1.82% with a trading volume of 63,500 shares [1] - Zhuochuang Information: Closed at 56.19, up 1.43% with a trading volume of 11,000 shares [1] - Xinhua Net: Closed at 19.42, up 0.15% with a trading volume of 61,700 shares [1] Capital Flow - The digital media sector experienced a net outflow of 13.44 million yuan from institutional investors, while retail investors saw a net inflow of 2.38 million yuan [2][3] - Key capital flows included: - Zhidema: Net outflow of 36.68 million yuan from institutional investors, with a net inflow of 13.11 million yuan from retail investors [3] - Zhuochuang Information: Net inflow of 7.59 million yuan from institutional investors [3] - Fantuan Shuchuang: Net outflow of 6.43 million yuan from institutional investors [3]

据农业农村部监测，10月24日，全国农产品批发市场猪肉平均价格为17.73元/公斤，与上周五（10月17日）的18.03元/公斤相比，下降 1.7%。本周的平均价格为17.7元/公斤，与上周18.24元/公斤的均价相比，下降2.9%。 本周国内生猪价格持续上涨，周均价环比上涨。据中国养猪网的数据，10月24日，生猪（外三元）价格为11.8元/公斤，与上周五（10月17 日）的11.17元/公斤相比，上涨5.6%。从一周均价来看，本周生猪均价为11.5元/公斤，与上周11元/公斤的均价相比，上涨4.5%。 | 日期 | 猪肉批发价格 (元/公斤) | 生猪(外三元)(元/公斤) | | --- | --- | --- | | 2025年9月1日 | 20. 01 | 13. 83 | | 2025年9月2日 | 19. 8 | 14. 04 | | 2025年9月3日 | 20. 04 | 14. 06 | | 2025年9月4日 | 19. 85 | 13. 98 | | 2025年9月5日 | 19. 84 | 13. 89 | | 2025年9月8日 | 20. 1 | 13. 59 | | 2025年9 ...

Core Viewpoint - Apple futures contracts have seen a significant upward trend this year, with a cumulative increase of over 20% due to reduced production and rising market prices [1] Production and Market Conditions - The apple production this year is approximately 34.23 million tons, representing a decrease of around 3 million tons or 8% compared to last year [1] - Adverse weather conditions, including cold waves and strong winds during the flowering period, have negatively impacted both yield and quality [1] - The market purchase price for apples has increased by about 10% per pound, driven by reduced supply and higher demand for quality products [1] Pricing Trends - In major apple-producing regions such as Shandong, the mainstream purchase price for grade one and two apples (80mm and above) is around 3.5 to 4 yuan per pound [1] - The enthusiasm of buyers for high-quality apples is reportedly higher than in previous years, indicating a strong market interest [1]

Core Viewpoint - The macroeconomic atmosphere remains cautious, leading to continued low fluctuations in crude oil futures prices, with expectations for a reduction in retail fuel prices due to negative changes in crude oil reference rates [1] Oil Market Analysis - The reference crude oil change rate as of October 23 is -6.93%, indicating an expected reduction of 300 yuan per ton for gasoline and diesel, with the adjustment window set for October 27 at 24:00 [1] - Kuwait's statement about potentially canceling production cuts to address any oil shortages suggests that actual supply disruptions are unlikely, reducing market anxiety and indicating a risk of oil price decline [1] - With only one working day left before the price adjustment, it is highly probable that the negative fluctuation in the change rate will persist, leading to a likely downward adjustment in retail fuel prices [1]

Market Overview - On October 24, the digital media sector rose by 0.17% compared to the previous trading day, with Fantuan Shuchuang 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] Stock Performance - Fantuan Shuchuang (301313) closed at 29.00, with a significant increase of 12.27% and a trading volume of 128,800 shares, amounting to a transaction value of 359 million [1] - Other notable performers included Guomai Culture (600640) with a 2.92% increase, closing at 14.78, and Fengyuzhu (603466) with a 1.30% increase, closing at 9.38 [1] Fund Flow Analysis - The digital media sector experienced a net outflow of 63.29 million from institutional investors and 76.07 million from speculative funds, while retail investors saw a net inflow of 139 million [2][3] - Guomai Culture (600640) had a net inflow of 66.22 million from institutional investors, while Fantuan Shuchuang (301313) saw a net outflow of 33.95 million from speculative funds [3]