近5日资金流向一览见下表： 该股为液氯，山东国企改革，国企改革概念热股。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 证券之星消息，亚星化学11月18日涨停收盘，收盘价9.79元。该股于9点25分涨停，未打开涨停，截止 收盘封单资金为1.94亿元，占其流通市值5.12%。 今日亚星化学涨停的可能因素有：1. 重大资产重组驱动：公司拟通过发行股份及支付现金方式收购天一 化学100%股权，标的公司在溴系阻燃剂领域产能国内最大，核心产品市占率超50%，形成产业链互 补；2. 新材料项目投产预期：4.5万吨/年高端新材料PVDC项目已基本建成，计划四季度投运，预计新 增年收入6.8亿元；3. 非公开增发支持：配套募资预案获控股股东潍坊城投参与认购，国资股东提供资 金及资源支持；4. 行业格局优化：溴素进口依赖度上升背景下，整合标的公司技术壁垒及市场份额，增 强长期竞争力。 ...

Core Points - Baichuan Co., Ltd. announced the approval of a proposal to permanently supplement working capital with surplus funds from a completed project [2] - The project, which involves the production of 30,000 tons of graphite anode materials, has reached its intended usable state and has a total investment of 1.42 billion yuan [2] - The surplus funds amount to 80.35 million yuan, representing 8.35% of the net raised funds from a convertible bond issuance [2] Fundraising and Financial Details - The surplus funds originated from the company's 2022 public issuance of convertible bonds, which raised a net amount of 962 million yuan after deducting issuance costs [2] - The project was completed by November 14, 2025, and the actual investment from the raised funds was 885 million yuan, with additional interest income contributing to the surplus [2][3] - The company plans to use the surplus funds entirely for working capital, while future payments for contracts and warranties will be covered by its own funds [3] Reasons for Surplus Funds - The surplus is attributed to strict cost control during project implementation, ensuring efficient investment while maintaining quality and progress [3] - The company engaged in compliant cash management of idle funds, generating stable investment returns and bank interest [3] - Delayed payment schedules for certain contract balances and warranty funds also contributed to the surplus [3]

最亲 ○ 单季度 11月17日晚间，亚星化学发布公告称，公司股票于11月18日开市起复牌。截至11月18日9时45分，公司股票开盘后涨停封板报9.79元/股，今年来股价已翻 倍。 | 交易类型 | 交易对方名称 | | --- | --- | | 发行股份及支付现金购买资产 | 山东天一控股集团股份有限公司等24 名山东天 | | | 一化学股份有限公司股东 | | 募集配套资金 | 包括潍坊市城市建设发展投资集团有限公司在内 | | | 的不超过 35 名符合条件的特定对象 | 截至本预案签署日，本次交易的审计及评估工作尚未完成，标的资产估值及定价尚未确定。本次交易预计将达到《重组管理办法》规定的重大资产重组标 准，构成上市公司重大资产重组。 亚星化学表示，交易完成后，公司的主要产品将新增溴系列精细化工产品，包括四溴双酚A、溴化环氧树脂、溴化聚苯乙烯、十溴二苯乙烷、氢溴酸等，以 及标的公司新材料板块、钾盐板块、膜材料板块的各项产品。 值得一提的是，本次交易构成关联交易。本次发行股份及支付现金购买资产交易对方之一华潍人才系公司控股股东潍坊市城投集团权属企业，同时本次募集 配套资金的认购方包括公司控股股东潍坊市 ...

Core Viewpoint - The recent increase in liquid ammonia prices by 21.8% over the past 15 days may have a positive impact on the annual report of Xinghua Co., but the company indicates that short-term price fluctuations will not significantly affect overall performance [1] Company Overview - Xinghua Co.'s subsidiary, Xinghua Chemical, has a designed production capacity of 300,000 tons per year for synthetic ammonia, with approximately 50,000 tons used for self-production of methylamine and 250,000 tons sold externally [1] - The company emphasizes a production organization based on the principle of prioritizing efficiency, aiming to maximize overall benefits through product structure adjustments [1] Market Dynamics - The company acknowledges that short-term price volatility of individual products is a common market phenomenon influenced by supply and demand dynamics [1]

风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 从基金十大重仓股角度 数据显示，永赢基金旗下1只基金重仓华鲁恒升。永赢稳健增利18个月持有混合A（010560）三季度持 有股数8000股，与上期相比持股数量不变，占基金净值比例为0.45%，位居第九大重仓股。根据测算， 今日浮亏损失约1.16万元。 永赢稳健增利18个月持有混合A（010560）成立日期2021年1月26日，最新规模4751.6万。今年以来收益 6.63%，同类排名6449/8140；近一年收益9.81%，同类排名5804/8057；成立以来收益13.32%。 永赢稳健增利18个月持有混合A（010560）基金经理为陶毅。 截至发稿，陶毅累计任职时间5年193天，现任基金资产总规模179.57亿元，任职期间最佳基金回报 21.56%， 任职期间最差基金回报-0.88%。 11月18日，华鲁恒升跌5.01%，截至发稿，报27.52元/股，成交5.02亿元，换手率0.84%，总市值584.3 ...

Core Viewpoint - The company, Yaxing Chemical, has announced a non-public issuance plan to acquire 100% equity of Tianyi Chemical from 24 shareholders, which is expected to constitute a major asset restructuring [1] Group 1: Acquisition Details - The acquisition will be financed through the issuance of shares and cash payments [1] - The company plans to issue shares to no more than 35 qualified specific investors, including Weifang City Investment Group, to raise supporting funds [1] Group 2: Product Expansion - Post-transaction, the company's main products will include a range of bromine series fine chemical products such as tetrabromobisphenol A, brominated epoxy resin, brominated polystyrene, decabromodiphenyl ether, and hydrobromic acid [1] - The acquisition will also enhance the company's product portfolio in new materials, potassium salts, and membrane materials [1] Group 3: Strategic Implications - This transaction is expected to improve the company's product layout and enhance its profitability [1]

交易咨询业务资格：证监许可【2012】1091号 纯碱早报 2025-11-18 大越期货投资咨询部 金泽彬 从业资格证号：F3048432 投资咨询证号： Z0015557 联系方式：0575-85226759 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投 资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 每日观点 纯碱： 1、基本面：碱厂产量高位，远兴二期年前预期投产，整体供给预期充裕；下游浮法玻璃供给扰动 预期，光伏日熔量延续下滑趋势，纯碱厂库处于历史同期高位；偏空 2、基差：河北沙河重质纯碱现货价1175元/吨，SA2601收盘价为1231元/吨，基差为-56元，期货升 水现货；偏空 3、库存：全国纯碱厂内库存170.73万吨，较前一周减少0.40%，库存在5年均值上方运行；偏空 4、盘面：价格在20日线上方运行，20日线向上；偏多 5、主力持仓：主力持仓净空，空减；偏空 6、预期：纯碱基本面不改疲弱，短期预计震荡运行为主。 影响因素总结 利多： 1、下游玻璃供给低位企稳回升，对纯碱需求有所增量。 利空： 1、 ...

Core Viewpoint - Satellite Chemical (002648.SZ) has a current carbonate production capacity of 150,000 tons, which includes 60,000 tons of Dimethyl Carbonate (DMC), 50,000 tons of Ethylene Carbonate (EC), 40,000 tons of Diethyl Carbonate (DEC), and Ethyl Methyl Carbonate (EMC) [1] Group 1 - The company’s carbonate products are utilized in downstream applications such as new energy and energy storage systems [1] - The company possesses a full industry chain advantage and a comprehensive product layout, covering mainstream products for four types of lithium battery electrolyte solvents [1] - The company aims to provide overall solutions for downstream electrolyte customers [1]

Core Insights - Yuanli Co., Ltd. experienced a stock price increase of 3.08% on November 17, with a trading volume of 380 million yuan [1] - The company reported a financing net purchase of 16.84 million yuan on the same day, with a total financing balance of 558 million yuan, representing 8.80% of its market capitalization [1] - For the period from January to September 2025, Yuanli Co., Ltd. achieved a revenue of 1.408 billion yuan, a year-on-year increase of 0.82%, while the net profit attributable to shareholders decreased by 18.61% to 173 million yuan [2] Financing and Margin Trading - On November 17, Yuanli Co., Ltd. had a financing buy amount of 62.87 million yuan and a financing repayment of 46.02 million yuan, resulting in a net financing purchase of 16.84 million yuan [1] - The current financing balance of 558 million yuan is above the 90th percentile of the past year, indicating a high level of financing activity [1] - The margin trading data shows that on November 17, 100 shares were repaid while 500 shares were sold short, with a short selling amount of 8,700 yuan [1] Shareholder and Dividend Information - As of September 30, 2025, Yuanli Co., Ltd. had 16,500 shareholders, a decrease of 0.80% from the previous period, with an average of 21,951 circulating shares per shareholder, an increase of 0.80% [2] - The company has distributed a total of 332 million yuan in dividends since its A-share listing, with 138 million yuan distributed over the last three years [2] - Hong Kong Central Clearing Limited is the eighth largest circulating shareholder, holding 4.8025 million shares as a new shareholder [2]

甲醇聚烯烃早报 研究中心能化团队 2025/11/18 甲 醇 日期 动力煤期 货 江苏现货 华南现货 鲁南折盘 面 西南折盘面 河北折盘 面 西北折盘 面 CFR中国 CFR东南 亚 进口利润 主力基差 盘面MTO 利润 2025/11/1 1 801 2067 2073 2388 2370 2350 2608 242 322 -24 -40 - 2025/11/1 2 801 2082 2080 2388 2370 2350 2608 243 322 -17 -40 - 2025/11/1 3 801 2077 2075 2388 2370 2350 2605 244 322 -21 -40 - 2025/11/1 4 801 2060 2048 2380 2370 2350 2580 239 319 -10 -30 - 2025/11/1 7 801 2020 1990 2370 2365 2350 2560 - - - -28 - 日度变化 0 -40 -58 -10 -5 0 -20 - - - 2 - 观点 现实差继续，伊朗停车慢于预期，11月应还是高进口，01矛盾较难处理，港口制裁的事情预计能在 ...