Core Viewpoint - Zhongyan Chemical (600328.SH) has successfully acquired a natural soda mining right in Inner Mongolia for approximately 6.8 billion yuan, aiming to strengthen its core soda ash business [2][3]. Group 1: Acquisition Details - Zhongyan Chemical won the bidding for the natural soda mining rights after a third party withdrew, allowing the company to fully own the asset [3][5]. - The mining site is located in Tongliao City, Inner Mongolia, with a natural soda resource estimated at 2.077 billion tons, making it the largest known soda mine in China [6][8]. - The acquisition aligns with the company's strategy to focus on its core business and expand its natural soda production capacity, which is not subject to strict industrial policy restrictions [6][8]. Group 2: Financial Position - As of March 2025, Zhongyan Chemical's debt-to-asset ratio is 28.65%, indicating a relatively low level of debt and strong medium to long-term repayment capability [9][10]. - The company has a history of profitable operations, with cumulative profits of 7.681 billion yuan and cash dividends of 2.364 billion yuan since its listing [10]. - To finance the acquisition, Zhongyan Chemical plans to explore various funding options, including attracting strategic investors, utilizing its own funds, bank loans, and capital market financing [10]. Group 3: Industry Position - Zhongyan Chemical is currently the third-largest soda ash producer in China, with a production capacity of 3.9 million tons [8]. - The company has a competitive edge due to its resource advantages, scale, and integrated industrial chain, which includes various chemical products [8]. - The development of the natural soda industry is expected to optimize the company's product structure and enhance its core competitiveness in the soda ash market [8].

Price Index Summary - In May 2025, the Xinhua Zhongyan industrial salt price index reported 947.78 points, a decrease of 15.96 points (1.66%) from April 2025, and a decline of 52.22 points (5.22%) from the base period of January 2018 [1] - The index is down 788.88 points (4.43%) from the highest point of 1736.66 points in April 2022, but up 131.58 points (16.12%) from the lowest point of 816.2 points in August 2020 [1] Regional Price Trends - In May 2025, industrial salt prices increased in Anhui, Jiangsu, Chongqing, and Yunnan compared to April 2025, while prices remained stable in Hubei, Hunan, Sichuan, and Liaoning [1] - Prices decreased in Shaanxi, Jiangxi, Henan, Xinjiang, Hebei, Shandong, Tianjin compared to April 2025 [1] - Three regions reported industrial salt prices above 300 RMB/ton: Henan, Yunnan, and Liaoning, while 14 regions reported prices below 300 RMB/ton [1] Supply and Demand Dynamics - In May, the raw salt market in China experienced increased supply with stable demand, particularly due to intensified salt production efforts post-May Day holiday [2] - The sea salt market saw a significant rise in supply, especially in Hebei, Shandong, and Jiangsu, but downstream demand from alkali enterprises remained limited, leading to increased inventory pressure [2] - Some salt companies began to implement slight price reductions to alleviate inventory pressure and promote sales [2] Market Segmentation - The mineral salt market showed significant regional price differentiation, with supply tightening in North and Central China due to maintenance shutdowns, leading to price increases [3] - In contrast, the Southwest region saw stable supply due to increased production capacity, while the Northwest maintained high production levels, resulting in stable pricing [3] - The lake salt market remained balanced with stable supply and demand, although increased temperatures in the Northwest led to higher lake salt production [3] Soda Ash Market Conditions - As of the end of May, the soda ash market continued to face pressure due to overcapacity, with weak demand from the real estate and photovoltaic industries [4] - The overall effective production capacity in the soda ash industry remained stable, with limited major maintenance affecting supply [4] - Inventory levels for soda ash producers increased, while social inventory slightly decreased, indicating ongoing overcapacity in the market [4] Liquid Alkali Market Overview - The liquid alkali market in May exhibited a relatively loose supply-demand balance, with local adjustments in supply and demand [5][6] - Supply remained sufficient due to the recovery of previously shut down production facilities, although regional demand showed variability [6] - The textile and dyeing industries provided some demand support, while the aluminum oxide sector's demand fluctuated due to maintenance and production adjustments [6]

Group 1 - Jiangyan Group announced the resignation of Chairman Hu Shiping due to work changes, effective June 12, 2025 [2][3] - Hu Shiping held 459,702 shares of the company and will continue to comply with relevant laws and regulations after his resignation [2][3] - The company will expedite the election of a new chairman following Hu's departure [3] Group 2 - Jiangyan Group reported a revenue of 2.682 billion yuan for 2024, a year-on-year decrease of 7.10% [5] - The net profit attributable to shareholders was 461 million yuan, down 6.88% year-on-year, while the net profit after deducting non-recurring gains and losses was 433 million yuan, a decline of 9.25% [5] - The basic earnings per share for the company was 0.72 yuan [5]

Core Viewpoint - The article discusses the initiatives taken by the Haixi Prefecture Market Supervision Administration to enhance the quality and standards of the salt chemical industry, aiming to establish a world-class salt lake industry base through six major projects focused on quality improvement, standard leadership, measurement services, certification and recognition, brand cultivation, and optimizing the business environment [1][2][3] Group 1: Quality Improvement Initiatives - Implementation of the Quality Strong Enterprise initiative, with over 50% coverage of enterprises adopting the Chief Quality Officer system [1] - Establishment of a collaborative research studio for salt lake chemical testing, promoting high-end and green development of products like potassium, lithium, and magnesium [1] - A one-stop service platform integrating 80 technical institutions and 60 experts, achieving an industrial product sampling pass rate of over 90% [1] Group 2: Standard Leadership - Development of a comprehensive standard system for the salt lake industry, focusing on national standards for products like magnesium hydroxide and anhydrous magnesium chloride [2] - Aiming to revise or formulate 30 standards and participate in one international standard, with financial incentives for enterprises leading standard development [2] Group 3: Measurement Services - Strengthening collaboration with advanced measurement institutions and conducting key technology research, including online calibration of flow meters [2] - 100% energy measurement review for enterprises consuming over 5,000 tons of standard coal annually, promoting green certification and supporting carbon reduction goals [2] Group 4: Certification and Recognition - Enhancing voluntary certification supervision, with a 5% annual increase in certification numbers, focusing on green, organic, and management system certifications [2] - Expansion of testing capabilities at the state salt chemical quality inspection center, adding 3-5 new product testing qualifications [2] Group 5: Brand Cultivation - Establishment of four trademark brand guidance stations and two intellectual property rights protection stations, promoting participation in branding events [2] - Development of proprietary brands like "Salt Bridge" potassium chloride and aiming for over 60 high-value patents in the salt lake sector [2] Group 6: Service Optimization - Launching a "green channel" for salt chemical project approvals and implementing a "one-stop service" to reduce business setup time [2] - Establishing a rapid credit repair channel to assist enterprises in restoring credit and lowering institutional costs [2] Future Directions - The Haixi Prefecture Market Supervision Administration plans to build a quality infrastructure system covering the entire salt lake resource development chain, promoting the salt chemical industry towards high-end, green, and branded development [3]

Group 1 - The company has successfully upgraded its bleaching powder production facility, achieving a 20% reduction in steam consumption and a nearly 40% decrease in exhaust gas pollutant concentration [1] - The new equipment is expected to reduce product loss by approximately 180 tons annually, translating to direct economic benefits exceeding 1.2 million yuan [1] - The company plans to continue its green transformation by upgrading the remaining two bleaching powder production units and standardizing the monitoring of 33 exhaust emission points [1] Group 2 - The company has implemented significant water-saving measures, identifying and addressing 403 leakage points, achieving a leak repair rate of 93.30% [2] - Water-saving projects have been completed, resulting in daily water savings of approximately 1,145 cubic meters, with a total of 540,000 cubic meters saved from January to May this year [2] - An ongoing project is expected to save an additional 1,100 cubic meters of water daily upon completion by the end of 2025, leading to annual water cost savings of about 900,000 yuan [2] Group 3 - The company is focusing on hydrogen energy as part of its future strategy, with a production capacity of around 5,000 tons of high-purity hydrogen annually for use as clean fuel and chemical raw material [3] - The hydrogen production utilizes electricity generated from two solar power plants, contributing to a reduction of 57,700 tons of carbon emissions each year [3] - The solar panels, covering approximately 508 acres, generate an average annual electricity output of 57.1 million kilowatt-hours, meeting 7.5% of the company's electricity needs [3] Group 4 - The company is demonstrating a comprehensive approach to green transformation, integrating end-of-pipe treatment with source control and optimizing the entire production process [4] - The initiatives reflect the company's commitment to new development concepts and showcase a vivid picture of a traditional chemical enterprise undergoing green transformation [4]

"为了稳就业，我们想了很多办法。"江苏农垦人力资源部部长张祥云介绍，从集中招聘到政策保 障，从技能培训到校企合作，省农垦集团用工用人突出的是"多维度、精准化"。 集团通过校企合作，共建实习实训基地，搭建科研创新平台，设立农垦奖学金，举办高校农垦班等 举措，提前"锁定"优质生源，让人才培养"前置一公里"。目前，集团与南京农业大学、江南大学、扬州 大学、江苏农林职业技术学院等建立了长期合作关系。同时强化培训，用"条线化培训＋定制化培养"的 方式，打造更多精品班次，开办"苏垦新锐"训练营，迅速提升适岗能力，让新入职员工"饭碗"端得更 稳。 "稳就业不是权宜之计，而是国企的长期使命。"在就业形势复杂严峻的当下，江苏省属国有企业如 何担当起稳就业重任？ 记者连日来调查发现，省内各家国企纷纷出招，从岗位扩容、见习赋能到产教融合，构建起全链条 就业服务体系，并用实打实的举措为各类群体铺就职业成长之路。记者采撷部分"招式"、举措，看江苏 国企如何从岗位供给到能力提升，从特殊群体帮扶到产业人才储备，以"全周期"就业服务彰显"顶梁 柱"担当。 招式一：人才培养"前置一公里" "我们通过这种订单式培养、双主体联合办学、联合委培班等 ...

Core Viewpoint - Jiangsu Suyuan Jingshen Co., Ltd. announced the repurchase and cancellation of restricted stocks due to the retirement of four incentive targets who no longer meet the incentive conditions as per the 2021 Restricted Stock Incentive Plan [1][2] Group 1: Repurchase and Cancellation Details - The repurchase and cancellation of restricted stocks involves four incentive targets, with a total of 270,667 shares to be repurchased and canceled [2][3] - The repurchase will be completed by June 9, 2025, and the company will proceed with the necessary registration changes [2][3] Group 2: Share Structure Changes - After the repurchase and cancellation, the share structure will change as follows: - Restricted tradable shares will decrease from 4,681,374 to 4,410,707 - Unrestricted tradable shares will remain at 777,247,495 - Total shares will decrease from 781,928,869 to 781,658,202 [3] Group 3: Compliance and Legal Assurance - The company assures that the decision-making process and information disclosure comply with relevant laws and regulations, and there are no damages to the rights of incentive targets or creditors [3][4] - A legal opinion confirms that all necessary approvals and procedures have been followed for the repurchase and cancellation [4]

Core Viewpoint - The company is focused on deepening reform and innovation, optimizing its industrial layout, and enhancing governance capabilities to achieve sustainable growth and value creation in the salt industry. Group 1: Company Strategy and Operations - The company aims to enhance the comprehensive development and utilization of salt resources, focusing on vertical and horizontal integration to drive profitability and create a complete supply chain for salt and related products [5][6]. - The company has increased its R&D investment to 3.8% of revenue, resulting in 30 new patents in 2024 and recognition for technological advancements in salt and chemical production [6][7]. - The company is committed to improving governance and operational compliance, receiving an "excellent" rating from the provincial state-owned assets supervision and administration commission for its board construction [7][9]. Group 2: Financial Performance - As of December 31, 2024, the company reported total assets of 566,110.95 million yuan, a decrease of 1.31% from the previous year, while total liabilities decreased by 21.96% to 121,838.85 million yuan [17][19]. - The company achieved a net profit of 460.97 million yuan in 2024, a decline of 6.88% compared to the previous year, attributed to lower product prices [19][22]. - The company proposed a cash dividend of 2.20 yuan per 10 shares, amounting to a total distribution of 141.41 million yuan, representing 30.68% of the net profit [22][23]. Group 3: Future Outlook - The company plans to focus on technological innovation and digital transformation to upgrade traditional industries and explore new growth areas in the "dual new" sectors [11][12]. - The company aims to enhance its ESG framework and market value management to align with national policies and improve its overall corporate responsibility [12][19]. - The company anticipates continued operational stability and aims to leverage its financial strength to support future growth initiatives [20][21].

（天 证券代码：600929 证券简称：雪天盐业 公告编号：2025-028 雪天盐业集团股份有限公司 关于签订募集资金专户存储四方监管协议 的公告 本公司董事会及全体董事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 担法律责任。 一、募集资金基本情况 经中国证券监督管理委员会（以下简称中国证监会）《关于同意 雪天盐业集团股份有限公司向特定对象发行股票注册的批复》（证监 许可【2023】1130 号）核准，雪天盐业集团股份有限公司（以下简 称公司）采用向特定对象发行股票方式发行人民币普通股 募集资金总额为人民币 1,105,837,497.80 元，扣除与发行有关的费 用（不含税）人民币 8,492,488.79 元后，实际募集资金净额为人民 币 1,097,345,009.01 元。2023 年 7 月 3 日，天职国际会计师事务所 （特殊普通合伙）出具了《雪天盐业集团股份有限公司验资报告》 体办理募集资金专项账户的开立和《募集资金专户存储三方监管协议》 《募集资金专户存储四方监管协议》的签署等具体事宜,该专项账户 仅用于存储和管理本次募集资金，不得用于存 ...

Group 1 - The company held a performance briefing on May 22, 2025, to discuss its 2024 annual and Q1 2025 results, with key executives present for investor interaction [1] - The company reported a revenue of 5.344 billion yuan for 2024, a decrease of 5.95% year-on-year, while net profit attributable to shareholders increased by 4.15% to 769 million yuan [3][4] - The company aims to enhance its long-term core competitiveness through a strategic transformation towards a "salt + energy storage" industry model [3] Group 2 - The investment in the air energy storage project by Jiangsu Guoxin Su Yan Storage Power Co., Ltd. is approximately 3.74 billion yuan, with a planned capacity of 300MW for the first phase, expected to commence production in July 2025 [2] - The company maintains a cash dividend payout ratio of 45.04% for 2024, with cumulative cash dividends of 960 million yuan from 2022 to 2024, indicating a commitment to shareholder returns [4] - The company is focusing on the development of its "traditional, emerging, and future" industries, particularly in the salt cavern energy storage sector, to create new business opportunities and enhance profitability [3]