Report Industry Investment Rating - The report gives a neutral rating, expecting the urea market to continue narrow - range fluctuations [3] Core Viewpoints - The total inventory of Chinese urea enterprises is 980,000 tons, an increase of 63,000 tons from last week. The industrial and agricultural demand is tepid, and the enterprise inventory continues to increase. Some factory inventories are reserved for export as export factory inspections are carried out. The operating rates of coal - based and natural - gas - based urea production have increased, with high - level production and continuous release of new production capacity, resulting in a loose market supply. The costs are stable as coal and natural gas prices change little. The urea export window has opened, and the future export demand is expected to rise, leading to a month - on - month increase in port inventory. The downstream agricultural demand is growing steadily, with wheat fertilization demand ending in some areas and rice fertilization demand in the southern regions set to increase. The downstream industrial demand shows a significant decline in compound fertilizer production [2] Summary by Directory 1. Urea Basis Structure - On May 28, 2025, the closing price of the urea main contract was 1,790 yuan/ton (-24). The ex - factory price of small - particle urea in Henan was 1,860 yuan/ton (0), in Shandong was 1,880 yuan/ton (+20), and in Jiangsu was 1,900 yuan/ton (+20). The Shandong basis was 90 yuan/ton (+44), the Henan basis was 70 yuan/ton (+34), and the Jiangsu basis was 110 yuan/ton (+44) [1] 2. Urea Production - As of May 28, 2025, the enterprise capacity utilization rate was 88.56% (0.08%). The total inventory of sample enterprises was 980,600 tons (+63,200), and the port sample inventory was 203,000 tons (+40,000) [1] 3. Urea Production Profit and Operating Rate - The urea production profit was 413 yuan/ton (+20), and the export profit was 507 yuan/ton (+5). The upstream coal - based and natural - gas - based urea operating rates have increased, with high - level production and continuous release of new production capacity [1][2] 4. Urea FOB Price and Export Profit - The urea export legal inspection information is clear, the urea export window has opened, and the future export demand is expected to increase, with the port inventory rising month - on - month [2] 5. Urea Downstream Operating Rate and Orders - As of May 28, 2025, the capacity utilization rate of compound fertilizers was 37.57% (-2.69%); the capacity utilization rate of melamine was 66.49% (-8.33%); the number of advance order days for urea enterprises was 5.88 days (-0.06). The downstream industrial demand shows a significant decline in compound fertilizer production [1] 6. Urea Inventory and Warehouse Receipts - The total inventory of Chinese urea enterprises is 980,000 tons, an increase of 63,000 tons from last week. The port inventory has increased month - on - month due to the expected increase in export demand [1][2]

深圳诺普信作物科学股份有限公司 第七届董事会 第六次会议（临时）决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002215 证券简称：诺普信 公告编号：2025-025 导性陈述或重大遗漏。 深圳诺普信作物科学股份有限公司（以下简称"公司"）第七届董事会第六次会议（临时）通知于2025年 5月23日以传真和邮件方式送达。会议于2025年5月28日在公司七楼会议室以现场结合通讯方式召开。应 参加会议的董事5名，实际参加会议的董事5名，参与表决的董事5名。会议由董事长卢柏强先生召集和 主持，公司监事、高级管理人员列席此次会议，会议符合《公司法》和《公司章程》的规定，会议审议 并通过如下决议： 一、会议以同意3票，反对0票，弃权0票，审议通过《关于公司2022年第一期、第二期限制性股票激励 计划第二个解锁期解锁条件成就的议案》。 董事、总经理高焕森先生，副董事长王时豪先生为本次激励计划的激励对象，作为关联董事回避表决。 具体内容详见2025年5月29日在《证券时报》、《证券日报》、《中国证券报》、《上海证券报》和巨 潮资讯 ...

深圳市芭田生态工程股份有限公司第八届监事会第二十一次会议决议公告 证券代码:002170 证券简称:芭田股份 公告编号:25-39 深圳市芭田生态工程股份有限公司 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 一、监事会会议召开情况 深圳市芭田生态工程股份有限公司（以下简称"公司"）第八届监事会第二十一次 会议于 2025 年 5 月 28 日（星期三）在公司本部会议室以现场方式和通讯方式结合召 开。本次会议的通知于 2025 年 5 月 23 日以电子邮件、微信、电话等方式送达。本届 监事会共有 3 名监事，应参加会议的监事 3 名，实际参加会议的监事 3 名。本次会议 的召开程序符合《公司法》《证券法》及《公司章程》等有关法律法规的规定。 二、监事会会议审议情况 （一）审议通过《关于向 2025 年股票期权与限制性股票激励计划激励对象授予 股票期权与限制性股票的议案》。 形。 深圳市芭田生态工程股份有限公司第八届监事会第二十一次会议决议公告 权与限制性股票激励计划（草案）》的有关规定。 综上，公司 2025 年股票期权与限制性股票激励计划规定的授予条件已成 ...

公司监事会根据《中华人民共和国公司法》（以下简称"《公司法》"）《中华 人民共和国证券法》（以下简称"《证券法》"）《上市公司股权激励管理办法》（以 下简称"《管理办法》"）等有关法律、法规和规范性文件以及《深圳市芭田生态工 程股份有限公司章程》（以下简称"《公司章程》"）的规定，对获授股票期权/限制 性股票的激励对象名单进行审核，发表核查意见如下： 公司本次股票期权/限制性股票授予激励对象人员名单与公司 2025 年第一次临时 股东大会批准的 2025 年股票期权与限制性股票激励计划中规定的激励对象相符，具备 《公司法》《证券法》等法律、法规和规范性文件以及《公司章程》规定的任职资格， 符合《管理办法》规定的激励对象条件，符合《深圳市芭田生态工程股份有限公司 2025 年股票期权与限制性股票激励计划（草案）》及其摘要规定的激励对象范围，其作为 公司 2025 年股票期权与限制性股票激励计划激励对象的主体资格合法、有效。公司和 本激励计划授予的激励对象均未出现《管理办法》及本激励计划规定的不能授予或不 得成为激励对象的情形，本激励计划的激励对象获授股票期权/限制性股票的条件已成 就。 综上，监事会同意本次股票 ...

深圳诺普信作物科学股份有限公司公告 关于调整 2023 年限制性股票激励计划 授予股份回购价格的公告 本公司及董事保证公告内容真实、准确和完整，没有虚假记载、误导性陈述 或者重大遗漏。 深圳诺普信作物科学股份有限公司（以下简称"公司"）于2025年5月28日 召开第七届董事会第六次会议（临时）、第七届监事会第五次会议（临时）审议 通过了《关于调整2023年限制性股票激励计划授予股份回购价格的议案》，现将 具体内容详细公告如下： 一、公司2023年限制性股票激励计划简述 议并通过了《关于公司2023年限制性股票激励计划（草案）及其摘要》、《公司 会办理公司2023年限制性股票激励计划相关事宜的议案》。公司独立董事、律师 事务所就该事项发表了意见。 并通过了《关于公司2023年限制性股票激励计划（草案）及其摘要》、《公司2023 年限制性股票激励计划实施考核管理办法》、《关于核实公司2023年限制性股票 激励计划激励对象名单的议案》，并对激励对象名单进行审核，认为相关激励对 象作为公司本次限制性股票激励计划激励对象的主体资格合法、有效。 证券代码：002215 证券简称：诺普信 公告编号：2025-030 深圳诺 ...

Market Overview - The A-share market experienced a five-day decline across major indices, with a total trading volume of 1.03 trillion yuan and nearly 3,500 stocks rising [1] - Market focus shifted towards nuclear power, controllable nuclear fusion, and dairy sectors, while the fertilizer sector saw a decline [1] Stock Performance - A total of 57 stocks hit the daily limit up, with 17 stocks achieving consecutive limit ups, and a limit up rate of 71% (excluding ST and delisted stocks) [3] - Notable performers included Yong'an Pharmaceutical, which achieved 7 limit ups in 11 days, and Binhai Energy with 6 limit ups in 8 days [3] Key Stocks and Their Movements - **Yong'an Pharmaceutical**: Price increased by 10.00% to 24.63 yuan, with a trading volume of 20.52 billion yuan and a turnover rate of 34.68% [15][16] - **Youfu Co., Ltd.**: Price rose by 9.98% to 10.69 yuan, with a trading volume of 22.33 billion yuan and a turnover rate of 21.46% [13][14] - **Shangwei Co., Ltd.**: Price increased by 9.96% to 9.05 yuan, with a trading volume of 14.65 billion yuan and a turnover rate of 26.49% [4] Sector Highlights - The nuclear power sector saw significant interest, with stocks like Shangwei Co., Ltd. and Rongfa Nuclear Power achieving multiple limit ups due to positive market sentiment around nuclear energy [4][10] - The fertilizer and chemical sectors faced downward pressure following an explosion incident at a chemical plant, which affected market sentiment [17] Institutional and Retail Investor Activity - The top net purchases on the trading board were from Snowman Co., Ltd., Youfu Co., Ltd., and Yong'an Pharmaceutical, with net purchases of 175 million yuan, 161 million yuan, and 92.96 million yuan respectively [6] - Conversely, the top net sales were from Guangju Energy, Suzhou Longjie, and Zhongqi Co., Ltd., with net sales of 110 million yuan, 106 million yuan, and 98.75 million yuan respectively [7] Notable News and Developments - Yong'an Pharmaceutical announced a significant increase in its sales volume for 2024, projected to reach 49,700 tons, a year-on-year increase of 16.32% [15] - The controllable nuclear fusion sector is gaining traction, with reports indicating that 26 out of 37 surveyed companies believe the first nuclear fusion unit will be operational by 2035 [9]

金融界5月28日消息，上证指数高开震荡，上证农业主题指数 (上证农业，000122)下跌0.55%，报 1480.77点，成交额45.44亿元。 从上证农业主题指数持仓样本的行业来看，主要消费占比84.89%、原材料占比12.32%、工业占比 2.79%。 数据统计显示，上证农业主题指数近一个月上涨0.74%，近三个月上涨5.47%，年至今上涨1.31%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 据了解，上证农业主题指数从沪市中选取50只业务涉及农产品、农用机械、化肥与农药、畜禽药物等领 域的上市公司证券作为指数样本，以反映沪市农业主题上市公司证券的整体表现。该指数以2011年06月 30日为基日，以1000.0点为基点。 从指数持仓来看，上证农业主题指数十大权重分别为：梅花生物（14.91%）、北 ...

能源材料需求增长、水溶肥渗透率提升，市场需求攀升，叠加上游原 料磷矿石、硫磺价格支撑，价格保持高位震荡。 证券代码：002539 证券简称：云图控股 成都云图控股股份有限公司 投资者关系活动记录表 编号：2025-007 投资者关系活 动类别 ☑特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 其他 活动参与人员 浙商证券、招商基金、中加基金、工银瑞信、人保养老、众安保险等 机构人员 上市公司接待 人员姓名 董事会秘书 陈银 时间 2025 年 5 月 27 日下午 16:00-17:30 地点 云图控股会议室 形式 现场会议 交流内容及具 体问答记录 1、磷复肥当前的销售情况和增量表现？ 答：随着国家对粮食安全的高度重视和农业现代化水平的提升， 带动绿色高效肥料的需求增长，为公司磷复肥业务提供稳定支撑。公 司凭借产业链带来的资源成本优势，以及持续的产品研发、技术推广 和营销整合工作，2024 年磷复肥销量达 417.97 万吨，同比增长 10.59%，盈利能力逐步修复，进入量利齐升阶段。2025 年一季度，公 司抓住春耕用肥旺季需求，磷复肥销售延续增长态势。 2、磷 ...

1. Report Industry Investment Ratings No investment ratings are provided in the reports. 2. Core Views Crude Oil - Overnight international oil prices rose slightly, but the market lacks strong drivers. The main logic is the dynamic game between OPEC+ production - increase expectations and Russia - sanction risks. - In the short - term, observe opportunities to short on rebounds. WTI is expected to fluctuate in the range of [59, 69], Brent in [61, 71], and SC in [440, 500]. In the medium - to - long - term, adopt a band - trading strategy. [2] Methanol - The inland methanol market has downward valuation pressure. After the spring maintenance, production has recovered, and downstream profits are divided. The port has entered a inventory - accumulation period. - Suggest to short MA09 contract on rallies. [5] LLDPE and PP - Spot prices continue to fall, and overall trading is weak. LLDPE has inventory - reduction expectations before early June, while PP will face increasing supply pressure after late May. - Short PP on rallies; the LP spread is expected to widen. [9] Urea - The urea market is expected to fluctuate between 1800 - 1900 yuan/ton around the Dragon Boat Festival. Pay attention to signals such as wheat - harvest progress in northern Anhui, port pre - collection scale, and the operating rate of Shanxi's fixed - bed plants. [19] Styrene - The pure benzene market price is weak, but there is an expected turnaround as styrene plants resume operation. - The styrene port inventory has started to accumulate, and the 3S products have limited driving force. Adopt a short - selling strategy for near - month contracts. [30] Polyester Industry - **PX**: Supply is increasing, but short - term support is strong. Consider a long - position around 6600 and a short - spread between PX9 - 1. - **PTA**: Supply - demand is weakening, but support is strong at low processing fees. Pay attention to polyester production cuts. Consider a long - position around 4600 and a short - spread between TA9 - 1. - **Ethylene Glycol**: Supply is expected to contract, and inventory is decreasing. Adopt a wait - and - see strategy for single - side trading and a long - spread strategy for EG9 - 1. - **Short - fiber**: Processing fees may recover. Follow PTA's single - side strategy and expand the processing - fee spread. - **Bottle - chip**: Supply and demand are both increasing. Follow PTA's single - side strategy and expand the processing - fee spread in the 350 - 550 yuan/ton range. [34] Chlor - alkali Industry - **Caustic Soda**: Short - term supply pressure is limited, and demand from the alumina industry is expected to increase. However, there are risks from non - aluminum demand and high valuations. Adopt a wait - and - see strategy for single - side trading and a long - spread strategy for 6 - 9 contracts. - **PVC**: The market is weak due to poor sentiment. Long - term contradictions are prominent, but short - term supply pressure is limited. Adopt a wait - and - see strategy for single - side trading and a short - selling strategy for the 09 contract above 5100. [39][40] 3. Summary by Catalog Crude Oil - **Prices and Spreads**: Brent decreased by 0.65 to 64.09 dollars/barrel (-1.00%); WTI increased by 0.35 to 61.24 dollars/barrel (0.57%); SC decreased by 3.90 to 453.50 yuan/barrel (-0.85%). [2] - **Product Prices and Spreads**: NYM RBOB increased by 0.40 to 207.55 cents/gallon (0.19%); NYM ULSD increased by 0.50 to 208.44 cents/gallon (0.24%); ICE Gasoil decreased by 3.75 to 606.00 dollars/ton (-0.62%). [2] - **Product Crack Spreads**: Most crack spreads showed small changes, with some increasing and some decreasing. [2] Methanol - **Prices and Spreads**: MA2505 decreased by 64 to 2229 yuan/ton (-2.79%); the MA2505 - 2509 spread decreased by 48 to 21 yuan/ton (-69.57%). - **Inventory**: Methanol enterprise inventory decreased by 0.2 to 33.401% (-0.52%); port inventory increased by 0.6 to 49.0 million tons (1.34%). - **Operating Rates**: The upstream domestic enterprise operating rate decreased by 1.0 to 74.51% (-1.31%); the downstream external - procurement MTO device operating rate increased by 7.9 to 83.54% (10.39%). [5] LLDPE and PP - **Prices and Spreads**: L2505 decreased by 73 to 6986 yuan/ton (-1.03%); PP2509 decreased by 33 to 6896 yuan/ton (-0.48%). - **Operating Rates**: PE device operating rate decreased by 1.43 to 78.0% (-1.80%); PP device operating rate increased by 0.28 to 76.8% (0.4%). - **Inventory**: PE enterprise inventory decreased by 2.94 to 49.8 million tons (-5.57%); PP enterprise inventory decreased by 1.12 to 59.3 million tons (-1.85%). [9] Urea - **Futures Prices**: 01, 05, and 09 contracts all showed slight decreases. - **Raw Material and Production Costs**: Most raw material prices were stable, with synthetic ammonia decreasing by 50 to 2120 yuan/ton (-2.30%). - **Supply and Demand**: Domestic urea daily production increased by 0.30 to 20.48 million tons (1.49%); factory inventory increased by 10.02 to 91.74 million tons (12.26%). [14][17][19] Styrene - **Upstream Prices**: Brent crude oil (July) decreased by 0.6 to 64.1 dollars/barrel (-1.0%); CFR Japan naphtha increased by 1.0 to 567.0 dollars/ton (0.2%). - **Spot and Futures Prices**: Styrene's East - China spot price increased by 75 to 7900 yuan/ton (1.0%); EB2506 decreased by 28 to 7313 yuan/ton (-0.4%). - **Inventory and Operating Rates**: Pure benzene port inventory increased by 0.5 to 12.8 million tons (4.1%); styrene port inventory decreased by 1.8 to 7.5 million tons (-19.0%). [27][28][30] Polyester Industry - **Raw Material Prices**: Brent crude oil (July) decreased by 0.65 to 64.09 dollars/barrel (-1.0%); CFR Japan naphtha increased by 1.0 to 567.0 dollars/ton (0.2%). - **Product Prices and Cash Flows**: POY150/48 price remained at 6990 yuan/ton; polyester bottle - chip price decreased by 81 to 5941 yuan/ton (-1.3%). - **Operating Rates**: Asian PX operating rate increased by 1.9 to 69.4% (2.8%); polyester comprehensive operating rate increased by 1.1 to 95.0% (1.2%). [34] Chlor - alkali Industry - **Spot and Futures Prices**: Shandong 32% liquid caustic soda (converted to 100%) increased by 62.5 to 2750 yuan/ton (2.3%); East - China calcium - carbide - based PVC market price decreased by 60 to 4700 yuan/ton (-1.3%). - **Supply and Demand**: Caustic soda industry operating rate increased by 1.1 to 86.9% (1.3%); PVC total operating rate decreased by 0.9 to 73.1% (-1.2%). - **Inventory**: Liquid caustic soda East - China factory inventory decreased by 0.4 to 19.1 million tons (-1.9%); PVC total social inventory decreased by 2.0 to 37.8 million tons (-4.9%). [39][40]

登录新浪财经APP 搜索【信披】查看更多考评等级 会议审议通过以下议案： （一）《关于四川泸天化股份有限公司拟购买泸州弘盛化工园区运营服务有限公司100%股权的议案》 泸州弘盛化工园区运营服务有限公司（以下简称"弘盛公司"）是泸天化（集团）有限责任公司的全资子 公司泸州锦天宏发展有限公司（以下简称"锦天宏公司"）的全资子公司，公司向锦天宏公司购买弘盛公 司100%股权的交易属于关联交易。弘盛公司拥有的泸州泸天化化工园区工业用地使用权是公司发展战 略得以实施的重要载体。公司与锦天宏公司之间的关联交易定价已经评估，交易价格公允，未发现损害 公司及全体股东、特别是中小股东利益的情形。 经表决，同意将《关于四川泸天化股份有限公司拟购买泸州弘盛化工园区运营服务有限公司100%股权 的议案》提请第八届董事会第十二次临时会议审议。 表决结果：3票同意，0票反对，0票弃权。 （二）《关于拟为全资子公司及孙公司提供担保的议案》 四川泸天化股份有限公司 2025年第二次独立董事专门会议决议 一、独立董事专门会议召开情况 四川泸天化股份有限公司（以下简称"公司"）独立董事于2025年5月13日以视频会议的方式召开2025年 第二次 ...