Core Viewpoint - The domestic development and application of urea-grade austenitic stainless steel materials SH010(25-22-2) and SH020(316L mod) have achieved international advanced levels, as confirmed by a technical appraisal committee [1][2]. Group 1: Technical Achievements - The technical indicators of SH010 and SH020 meet the standards set by the United States and Europe, as well as the requirements from internationally renowned urea engineering companies [1]. - The expert committee unanimously agreed to pass the technical appraisal and recommended accelerating the promotion and application of these materials in relevant fields [1]. Group 2: Material Properties - Analysis of the chemical composition of SH010 and SH020 shows low levels of harmful impurities and good control of non-metallic inclusions [2]. - The microstructure is fully austenitic, with no σ phase or intergranular/intragranular compounds detected [2]. - The corrosion resistance of these materials is comparable to or slightly better than that of foreign counterparts in similar working conditions [2]. Group 3: Product System and Applications - The SH010 and SH020 series have formed a complete product system covering plates, heat exchange tubes, steel pipes, forgings, bars, and fittings [2]. - These products are currently applied in over 40 projects across 19 major state-owned enterprises, with annual production capacities ranging from 300,000 to 1,050,000 tons for urea and melamine plants [2]. Group 4: Supply Chain Collaboration - A comprehensive supply chain service mechanism has been established, with Fushun Special Steel and Zhongxing Equipment focusing on manufacturing, while Dalian Songhai ensures direct supply and lifelong service [2]. - The collaboration includes a tripartite inspection responsibility to ensure material quality and stabilize market supply and demand, thereby avoiding chaotic market competition [2].

Group 1 - The core viewpoint emphasizes the short-term focus on mid-year report trends, the impact of "anti-involution" on supply, the self-sufficiency in electronic materials, and the dividend policies of energy companies [1] - In the medium to long term, there is significant development potential in the new materials sector, including domestic material production, increased penetration of OLED technology, and the expansion of applications for new energy materials [1] - Under supportive policies, sub-industries such as fluorochemicals and vitamins are expected to see improved market conditions, while tire companies still have room for global expansion [1] Group 2 - The chemical leader ETF (516220) tracks a segmented chemical index (000813), which selects listed companies from various chemical sub-industries like fertilizers, pesticides, and coatings to reflect the overall performance of the chemical sector [1] - The segmented chemical index focuses on the chemical industry, covering multiple important sub-industries, with constituent stocks primarily selected from representative companies to showcase the market value and growth potential of the chemical industry [1] - Investors without stock accounts can consider the Guotai Zhongzheng segmented chemical industry theme ETF Connect C (012731) and Guotai Zhongzheng segmented chemical industry theme ETF Connect A (012730) [1]