Core Viewpoint - Luzhou Tianhua plans to acquire 100% equity of Luzhou Hongsheng Chemical Park Operation Service Co., Ltd. from its affiliate, Luzhou Jintianhong Development Co., Ltd., to secure land assets for the implementation of chemical projects [1][2]. Group 1: Acquisition Details - The acquisition aims to obtain land assets to facilitate both short-term and long-term chemical projects [1]. - Luzhou Hongsheng was established in November 2022 with a registered capital of 360 million yuan, focusing on park management services, heat production and supply, and wastewater treatment [1]. - As of the end of 2024, Luzhou Hongsheng's total assets are valued at 336 million yuan, with net assets of 335.8 million yuan, and the assessed value of shareholders' equity is 676 million yuan, reflecting a 101.29% appreciation [1]. Group 2: Financial Aspects - Luzhou Jintianhong will acquire related equipment for a boiler and coal supply system, estimated at 79.7251 million yuan, which will be paid before the remaining 40% transfer payment of 270 million yuan is made by Luzhou Tianhua [2]. - The 10,000-ton/year green fine chemical project is located within the Luzhou Tianhua Chemical Park, covering approximately 325 acres, and aims to expedite project construction and reduce initial investment [2]. - The project is expected to yield a post-tax internal rate of return of 9.41%, with average annual sales revenue of 999.3 million yuan and average annual profit of 104 million yuan [2]. Group 3: Future Development Plans - Luzhou Tianhua plans to utilize Luzhou Hongsheng's land for developing green fine chemical and new fertilizer industries, as well as establishing a research and development base [3]. - The strategy aims to create a synergistic effect by integrating research, experimentation, and production, thereby establishing new profit growth points [3]. - This initiative supports a resource foundation for a cyclical industry model involving new efficient fertilizers, crop processing, fine chemical production, potassium mining, and new efficient fertilizers [3].

Core Insights - Chinese researchers have developed a high-performance electrocatalyst for the efficient synthesis of green hydrogen peroxide, enabling the possibility of "on-demand" production [1][2] - The research was led by Professor Liang Ji's team at Tianjin University and published in the international journal Nature Communications [1] Group 1: Research and Development - The newly developed catalyst is a nickel-based metal-organic framework material (Ni-BTA) that effectively matches the theoretical optimal value for electrosynthesis of hydrogen peroxide, ensuring high reaction activity while significantly suppressing side reactions [2] - Testing shows that the catalyst can achieve a 100% kill rate of pathogenic bacteria like E. coli in physiological saline within just 30 minutes, and it can rapidly degrade toxic organic dyes [2] Group 2: Industry Implications - This new material addresses the high energy consumption and pollution issues associated with traditional production methods, particularly the energy-intensive anthraquinone process [2] - The research team is working to optimize the production process to transition the technology from the laboratory to industrial production, aiming to replace traditional high-pollution methods and contribute to the goal of "green chemistry" [2]

| 上海华谊集团股份有限公司 | | | --- | --- | | 二○二五年五月三十日 | | | 上海华谊集团股份有限公司 | | | 一、2024 年年度股东大会会议须 | | | 知………………………………………… | 2 | | 二、2024 年年度股东大会会议议 | | | 程………………………………………… | 3 | | 2024 年度董事会工作报 三、公司 | | | 告………………………………………… | 4 | | 2024 年度监事会工作报 四、公司 | | | 告………………………………………… | 12 | | 2024 年度独立董事述职报 五、公司 | | | 告……………………………………… | 16 | | 2024 年年度报 六、公司 | | | 告…………………………………………………… | | | 33 | | | 七、公司 2024 年度财务决算情况报 | | | 告……………………………………… | 34 | | 八、关于公司对外担保额度的议 | | | 案………………………………………… | 37 | | 九、公司 2024 年度利润分配方案（预 | | | 案 ...

Core Viewpoint - The petrochemical industry is transitioning from capacity expansion to innovation-driven development, focusing on niche markets and high-quality growth amidst challenges in the "14th Five-Year Plan" period [1][2]. Group 1: Industry Status - The petrochemical industry remains a pillar of the national economy, contributing approximately 12% to the total industrial revenue, with projected revenues of 16.28 trillion yuan in 2024 [1][2]. - China holds a leading position in global petrochemical production, with major chemical raw material capacities ranking first worldwide, and significant advancements in technology and equipment autonomy [1][2]. Group 2: Challenges Faced - The industry is currently facing three major pressures: increased difficulty in maintaining stable growth due to market demand fluctuations, challenges in achieving green and low-carbon transitions, and rising uncertainties in international trade affecting supply chains [2][3]. - Profit margins are declining, with a reported 20.79% decrease in profits for 2023 and an expected further decline of 8.8% in 2024 [2]. Group 3: Strategic Directions - The industry consensus emphasizes the need to accelerate the upgrade of traditional industries through new technologies and equipment, eliminate outdated capacities, and avoid price wars [3][4]. - Focus areas for development include new energy, new materials, green chemistry, circular economy, and artificial intelligence, with an emphasis on collaborative innovation across the supply chain [4]. Group 4: Technological Integration - The industry aims to leverage digital transformation through smart factory initiatives, integrating advanced technologies such as AI, 5G, and big data to enhance operational efficiency and risk management [4].

Market Size and Growth Potential - The global market for 1,3-butanediol is projected to reach $350 million by 2030, with a compound annual growth rate (CAGR) of 7.2% during the forecast period, driven by sustained demand in traditional applications and rapid growth in emerging markets [4] - Chemical synthesis currently dominates the market, holding an 82.7% share, while bio-based 1,3-butanediol is emerging as a potential disruptor due to increasing sustainability demands [4] - The cosmetics industry is the largest demand sector for 1,3-butanediol, accounting for 85.3% of the market share, with steady growth in pharmaceutical and food applications further expanding market opportunities [4] Competitive Landscape and Market Participants - The global 1,3-butanediol market is highly concentrated, with top companies like OQ Chemicals, DAICEL, and KH Neochem collectively holding 88.0% of the market share [4][6] - OQ Chemicals and DAICEL maintain a leading position in the high-end market due to their technological expertise and global presence, while local players like Shandong Haike New Materials leverage cost advantages in the mid-to-low-end market [4][6] Driving Factors and Market Opportunities - Technological innovations in production processes, including optimized chemical synthesis and mature fermentation techniques, are enhancing product quality and expanding applications in high-end markets [7] - The growth of the global pharmaceutical and personal care markets, driven by aging populations and increasing health awareness, is creating significant demand for 1,3-butanediol [8][9] - Continuous improvements in production processes are lowering costs, enhancing the market competitiveness of 1,3-butanediol [10] Future Development Trends - The market for bio-based 1,3-butanediol is expected to grow significantly as environmental regulations tighten and consumer preferences shift towards sustainable products [14] - Emerging markets in the Asia-Pacific region, particularly in countries like China, Japan, and India, are anticipated to be key drivers of demand growth for 1,3-butanediol [15] - Research into new applications for 1,3-butanediol in areas such as renewable energy and biodegradable materials is ongoing, potentially opening new commercial opportunities [16]

Core Viewpoint - Yuzhong Sanxia A has achieved significant stock performance with a five-day limit increase, driven by improved financial performance and growing demand in the chemical coatings sector as the global economy recovers [1][3]. Group 1: Financial Performance - In 2024, Yuzhong Sanxia A successfully turned a profit, reporting revenue of 350 million yuan and a net profit of 4.367 million yuan, marking a turnaround from previous losses [2]. - The company reported a 7.35% year-on-year revenue growth in Q1 2025, achieving 73.7 million yuan in revenue [2]. - Cash flow from operating activities increased by 34.45% year-on-year, attributed to a higher proportion of cash sales [2]. Group 2: Market Position and Strategy - Yuzhong Sanxia A has established a comprehensive industrial coatings product system and is focusing on market-oriented strategies to enhance product quality and competitiveness [2]. - The company has restructured its marketing system to optimize product positioning and pricing, leading to significant sales growth in the Northwest market [2]. - The stock has attracted attention from notable investors and institutions, reflecting positive market sentiment [3]. Group 3: Innovation and R&D - The company has made substantial investments in technology innovation and product upgrades, particularly in green chemistry and sustainable development [4]. - Yuzhong Sanxia A has achieved significant advancements in the renewable energy sector, including the industrial application of safety-type alkyd coatings and certifications for photovoltaic and wind energy coatings [4][5]. - R&D investment reached 25.5654 million yuan in 2024, accounting for 7.30% of revenue, indicating a commitment to long-term growth through innovation [6]. Group 4: Industry Trends - The coatings industry is experiencing intensified competition, with opportunities and challenges coexisting [2]. - The push for environmental policies and the "dual carbon" goals are driving the industry towards high-performance, eco-friendly products, with water-based and powder coatings becoming key focus areas [4][6]. - The national fixed asset investment is projected to grow, providing new growth avenues for specialty coatings and eco-friendly products [6].

同日开工的中泰新能源托克逊自备绿电替代风电项目装机规模达115万千瓦。项目建成后，预计每年可 节约标准煤70万吨、减排二氧化碳193万吨。据该项目负责人刘超介绍，托克逊风电项目是依托新疆九 大风区之一的小草湖风区，建设以园区绿电替代为目标的新能源项目。"我们将紧紧围绕绿电替代和绿 色化工，以托克逊地区为主战场，积极探索氢、氨、醇等新型绿色能源的生产与应用，大力布局风电、 光伏、储能、绿氢、绿氨、绿醇等多元绿色产业，全力打造新疆中泰首个绿色化工城。"刘超表示。 新疆中泰党委书记、董事长王平洋表示，近两年来，新疆中泰在优化产业布局方面，明确"产业集团"的 发展定位，库尔勒聚酯项目填补了疆内化纤产业空白，托克逊百万吨甲醇项目投料试车，绿电在建总装 机容量实现从无到有。这两大项目开工投产标志着新疆中泰着力构建的"2+2"现代化产业发展新格局取 得实质性突破。该格局以绿色化工和生态棉纺为主业，同时大力发展新材料产业，协同推进新能源开发 与现代贸易，形成产业协同发展的创新模式。 建成我国首套完全自有知识产权百万吨级甲醇装置 中化新网讯 4月18日，新疆中泰(集团)有限责任公司(以下简称新疆中泰)迎来重大发展节点：中泰新材 ...

特别提示 本公司董事会及全体董事成员保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其 内容的真实性、准确性和完整性承担个别及连带责任。 山东鲁北化工股份有限公司（以下简称"公司"）于2025年4月21日下午15:00-17:00在上海证券交易所上 证路演中心（网址：https://roadshow.sseinfo.com/）通过网络方式召开了2024年度业绩暨现金分红说明 会，现将召开情况公告如下： 一、业绩说明会召开情况 公司于2025年4月12日在上海证券交易所网站（www.sse.com.cn）和《中国证券报》、《上海证券报》 披露了《关于召开2024年度业绩暨现金分红说明会的公告》（公告编号：2025-026）。2025年4月21 日，公司董事长陈树常先生，总经理冯祥义先生，董事、董事会秘书张金增先生，董事、副总经理、财 务总监马文举先生，独立董事宋莉女士（宋莉女士以网络互动方式与投资者进行了在线交流）出席了本 次说明会，与投资者进行互动交流和沟通，就投资者关注的问题进行了回复。 二、投资者提出的主要问题及公司回复情况 股票代码：600727 股票简称：鲁北化工 编号：2025-027 ...

4月7日，肯特催化材料股份有限公司（股票代码：603120，简称：肯特催化）已完成申购程序，即将登陆沪主 板。此次公开发行股份规模达2,260万股，发行价确定为每股15元。作为国内相转移催化剂和分子筛模板剂领域 的标杆企业，肯特催化此次IPO募集资金重点投向功能性催化新材料产能的扩建升级，此举不仅将巩固公司的领 先地位，更将驱动公司产品结构的优化，为业绩的持续增长注入新动能。 专注相转移催化材料，国内市占率排名第一 肯特催化成立于2009年，主要从事 季铵（鏻）化合物 产品 的研发、生产和销售，拥有 季铵盐、季铵碱、季鏻 盐、冠醚等四大系列产品，产品应用形式主要包括相转移催化剂、分子筛模板剂、固化促进剂、电解液添加剂 等，广泛应用于精细化工、分子筛、高分子材料、电池电解液、油田化学品等领域。 在核心技术领域，公司主打的相转移催化剂展现出显著创新价值。这类催化剂通过促进反应物在异相体系间的 定向转移，可大幅提升反应速率及转化效率，兼具降低能耗、提升产物纯度的绿色化学特性，在现代工业合成 领域，这类兼具经济性与环保性的催化剂已成为构建高效生产体系的关键要素，其典型代表涵盖季铵盐、季鏻 盐、冠醚等化合物，其中，季铵 ...

Core Insights - The 12th World Congress of Chemical Engineering and the 21st Asia-Pacific Chemical Alliance Conference will be held in Beijing in July 2025, marking the first time this prestigious event is hosted in China, aimed at promoting global chemical technology and industry development [1][2] Industry Development - China's chemical industry has seen rapid growth, with a total output value exceeding 16 trillion RMB in 2023, accounting for over 40% of the global chemical market, and more than 30,000 large-scale enterprises [1][2] - The industry maintains a stable growth rate of 5% to 7% annually, supported by enhanced technological innovation capabilities [1][3] Challenges and Opportunities - The chemical industry faces new challenges and opportunities due to a complex global environment and the need for paradigm shifts in response to industrial revolutions [2][3] - Key challenges include structural contradictions in the chemical sector, such as oversupply of basic products and insufficient supply of functional products, as well as the urgent need for high-end and fine chemical transformations [3][4] - The "dual carbon" goals present significant pressures for green transformation, necessitating the clean utilization of fossil energy and the large-scale adoption of green energy [3][4] Technological Innovation - Technological innovation is identified as a critical driver for the chemical industry's transition to high-quality development, with significant achievements in key areas of chemical technology innovation [4][5] - Future innovation directions should focus on strategic emerging fields such as chemical new energy, new materials, high-end specialty chemicals, and environmental technologies [4][5] Conference Significance - The World Congress of Chemical Engineering will facilitate deep exchanges and integration among the global chemical academic, technological, and industrial communities, promoting China's chemical industry to lead industrial upgrades with new productive forces [2][5] - The conference will address four major challenges: talent education, industrial transformation, emerging industries, and a smart future, featuring 34 thematic sub-forums led by renowned experts [5][6]