随着上市公司财报披露季正式收官，山东省上市公司成绩单揭晓：上半年，309家A股山东企业合计营 收超14800亿元，其中258家盈利；67家港股山东企业营收超7500亿元，其中49家盈利。 据了解，山东是化工大省。2025年上半年，化工行业虽然仍受周期所困，但万华化学（600309）通过技 术革新，显著提高了生产效率和经济效益，实现营收909.01亿元，净利润61.23亿元。此外，华鲁恒升 （600426）、鲁西化工（000830）、齐翔腾达（002408）等企业上半年营收也超过百亿。 耐用消费品行业的海尔智家（600690）通过明星爆品及多品牌协同，全球市场多元化与本土化布局，取 得了亮眼成绩：实现营收1564.9亿元，同比增长10.2%；实现归属于上市公司股东的净利润120.3亿元， 同比增长15.6%。 从细分领域来看，山东省在AI算力、绿色能源与算力融合、高端新材料、生命科学数智化、低空经济 等赛道快速崛起，成为经济发展新引擎。 山东高速（600350）集团是山东省基础设施领域的国有资本投资公司，2023年以来，山东高速集团以交 通基础设施投资运营为主体，以工程建设和产融结合为支撑，积极布局新能源、智慧 ...

Core Viewpoint - The company is making progress in the development of graphene applications and expects heating revenue to contribute approximately 15% to total revenue by mid-2025 [1] Group 1: Financial Performance - The heating revenue from the wholly-owned subsidiary Qitaihe Baotailong Heating Co., Ltd. is projected to account for around 15% of total revenue by the first half of 2025 [1] Group 2: Technological Development - The company is continuously developing controllable preparation technologies for graphene applications [1] - Recent advancements have been made in the preparation of high-oriented graphene thermal precursor and composite materials with modified functional properties loaded with graphene [1]

格隆汇9月4日丨湖北宜化(000422.SZ)公布，截至公告披露日，20万吨/年烧碱搬迁节能改造项目(简 称"烧碱项目")已建成年产20万吨烧碱装置及相关配套设施，经相关主管部门审核后，于近期安全顺利 投产，烧碱产品已满负荷生产。 ...

中办、国办近日发布《关于推进绿色低碳转型加强全国碳市场建设的意见》（以下简称《意见》），要 求加强碳排放核算与报告管理，完善信息披露制度。 近年来，财政部、生态环境部、人民银行、国资委、证监会出台了多份企业可持续信披政策和指导文 件。其中，证监会指导沪深北三大交易所发布的《上市公司自律监管指引——可持续发展报告》要求部 分A股上市公司2026年强制披露ESG报告。21世纪经济报道记者根据数据梳理发现，截至9月3日，A股 上市公司中已有2523家披露了2024年ESG报告，披露率为46.49%。 多位受访者对21世纪经济报道记者表示，随着《意见》落地，企业可持续信息披露不再是单纯的合规任 务，而是影响碳市场履约、绿色融资成本和国际市场准入的关键考量与核心支撑。 也有多家企业回应21世纪经济报道记者，《意见》明确了行业覆盖的时间表和路线图，公司内部已经开 展了碳盘查、碳核算相关工作，一方面带动供应链协同减排和披露，另一方面为统一可持续标准建言献 策。 信披制度与碳数据核算要求升级 《意见》要求，完善信息披露制度。重点排放单位、注册登记机构、交易机构、技术服务机构、金融机 构等根据有关要求及时公开排放、履约、交易、 ...

Group 1 - The chemical sector continued to decline on September 4, with the Chemical ETF (516020) experiencing a drop of 1.69% [1][2] - Key stocks in the sector, such as Tongcheng New Materials, Hualu Hensheng, and Juhua Co., saw significant declines, with Tongcheng New Materials falling over 8% [1][2] - The overall market sentiment reflects a bearish trend in the chemical industry, particularly affecting rubber additives, nitrogen fertilizers, and fluorochemicals [1] Group 2 - The chemical ETF (516020) is currently at a relatively low valuation, with a price-to-book ratio of 2.2, indicating potential long-term investment opportunities [3] - Domestic policies emphasizing supply-side reforms and rising raw material costs are impacting the chemical industry, with increased uncertainty in overseas supply [4] - The Chinese chemical industry is expected to benefit from a slowdown in global capacity expansion, potentially leading to higher dividend yields and improved market conditions [5] Group 3 - The Chemical ETF (516020) tracks the CSI Sub-Industry Chemical Index, providing exposure to various segments of the chemical sector, including large-cap leaders and niche markets [6] - Investors can consider using the Chemical ETF as a more efficient way to capitalize on potential rebounds in the chemical sector [6]

聚合顺(605166.SH)现跌4.11%报12.13元，暂成交2.4亿元，最新市值38亿元。聚合顺公告，因自身资金需求，股东海南永昌新材料有限公司计划于2025年9月 25日至2025年12月24日，通过集中竞价减持不超过314.72万股、大宗交易减持不超过629.45万股，合计不超过944.17万股，减持比例不超过3%，所减股份均 来源于IPO前取得。(格隆汇) ...

韩国多套 POE 装置计划检修，国内首个 SAF 产业专项政策发布 [Table_IndRank] 行业评级：增持 报告日期： 2025-09-04 [Table_Chart] 行业指数与沪深 300 走势比较 -27% -14% 0% 14% 27% 41% 2/24 5/24 8/24 11/24 2/25 5/25 8/25 基础化工 沪深300 [Table_Author] 分析师：王强峰 [Table_IndNameRptType] 基础化工 行业周报 执业证书号：S0010522110002 电话：13621792701 邮箱：wangqf@hazq.com 分析师：潘宁馨 执业证书号：S0010524070002 电话：13816562460 邮箱：pannx@hazq.com [Table_Report] 相关报告 1.韩国拟削减 25%石脑油产能，六部门部署 规范光伏产业竞争秩序 20250822 2.中美"关税休战"再延长，1880 亿设备更新 补助资金下达 20250815 3.绿色液体燃料首批试点项目公式，制冷剂 价格涨势延续 20250808 4."反内卷"再催化，农药行业开启三年" ...

Core Viewpoint - ExxonMobil is considering selling its chemical plants in Europe due to multiple pressures including U.S. tariff policies, increased competition from low-cost imports in Asia, and the lingering effects of the 2022 energy crisis on the European chemical industry [1] Group 1: Company Actions - ExxonMobil has engaged in preliminary discussions with advisors regarding the potential sale of its chemical assets in Scotland and Belgium, with a possible transaction value of up to $1 billion [1] - The company has also considered the option of directly closing these plants, although it retains the choice to keep the assets [1] Group 2: Industry Context - The European chemical industry is facing new challenges such as disrupted global supply chains due to U.S. tariffs, delayed orders, and intensified market competition from low-cost Asian imports, which threaten the industry's recovery [1] - Other chemical giants, including LyondellBasell and Saudi Basic Industries Corporation, are also downsizing their European operations, indicating a broader trend in the industry [1]

| | | | 投资咨询业务资格:证监许可【2012】 31号 | | ITG国贸期货 | | --- | --- | --- | --- | --- | --- | | | | | | 蜈致据日报 | | | | | | 国贸期货研究院 | 期货从业号:F305427 | 2025/09/04 | | | | | 能源化工研究中心 陈一凡 | 投资咨询证号:Z0015946 | | | 指标 | 晋城无烟煤 | 2025/09/02 900. 00 | 2025/09/03 900. 00 | 涨跌值 0. 00 | 行情评述 | | | 内蒙动力煤 | 630. 00 | 630. 00 | 0.00 | | | FV AN | 川渝液化气 | 4064. 00 | 4080. 00 | 16. 00 | | | | 国际大然气 | 10. 87 | 10.68 | -0. 19 | | | | 太仓 | 2230.00 | 2240.00 | 10.00 | 昨日甲醇多地价格小幅上调。西北主 | | | | | | | 产区企业库存低位,下游及贸易商低 | | 肌货价格 | 内蒙 | 2030.00 | ...

Core Insights - In the first four months of 2025, the sulfuric acid production in Shaanxi Province reached 376,000 tons, representing an 11.2% decrease compared to the same period in 2024, with a growth rate 6.4 percentage points lower than in 2024 and 16.4 percentage points lower than the national average [1] - The total sulfuric acid production in the same period accounted for 1.0% of the national output of 36,512,000 tons [1] Monthly Analysis - In April 2025, the sulfuric acid production in Shaanxi Province was 113,000 tons, showing a significant increase of 31.7% compared to April 2024, with a growth rate 46.7 percentage points higher than in 2024 and 22.7 percentage points higher than the national average [3] - The April production accounted for 1.2% of the national sulfuric acid output of 9,220,000 tons [3]