杭州高新材料科技股份有限公司 董事会议事规则 杭州高新材料科技股份有限公司 杭州高新材料科技股份有限公司 董事会议事规则 第一条 总则 为了进一步规范杭州高新材料科技股份有限公司（以下简称"公司"）董事 会的议事方式和决策程序，促使董事和董事会有效地履行其职责，提高董事会规 范运作和科学决策水平，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》"）、《上市公司治理准则》 《深圳证券交易所创业板股票上市规则》等法律、法规、规范性文件及《杭州高 新材料科技股份有限公司章程》（以下简称"《公司章程》"）等有关规定，制 订本规则。 第二条 董事会办公室 董事会下设董事会办公室，处理董事会日常事务。 证券事务代表协助董事会秘书的工作；在董事会秘书不能履行职责时，代行 董事会秘书的权利并履行其职责。 董事会会议分为定期会议和临时会议。 董事会每年应当至少召开两次会议，由董事长召集，于会议召开前 10 日书 面通知全体董事。 第四条 定期会议的提案 在发出召开董事会定期会议的通知前，董事会办公室应当充分征求各董事的 意见，初步形成会议提案后交董事长拟定。 董事长在拟 ...

PVC产业日报 2025-06-17 | | | | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 收盘价:聚氯乙烯(PVC)(日,元/吨) | 4833 | -27 成交量:聚氯乙烯(PVC)(日,手) | 834032 | -360614 | | | 持仓量:聚氯乙烯(PVC)(日,手) | 962017 | -16925 期货前20名持仓:买单量:聚氯乙烯(日,手) | 762413 | 6957 | | | 前20名持仓:卖单量:聚氯乙烯(日,手) | 778513 | 9691 前20名持仓:净买单量:聚氯乙烯(日,手) | -16100 | -2734 | | 现货市场 | 华东:PVC:乙烯法(日,元/吨) | 5000 | 0 华东:PVC:电石法(日,元/吨) | 4755.38 | 0 | | | 华南:PVC:乙烯法(日,元/吨) | 4955 | 0 华南:PVC:电石法(日,元/吨) | 4822.5 | -25 | | | PVC:中国:到岸价(日,美元/吨 ...

聚烯烃日报 | 2025-06-17 生产利润方面，PE油制生产利润为-244.8元/吨（-295.9），PP油制生产利润为-584.8元/吨（-295.9），PDH制PP生产 利润为33.4元/吨（+97.2）。 进出口方面，LL进口利润为-205.0元/吨（-12.8），PP进口利润为-352.7元/吨（+62.1），PP出口利润为6.7美元/吨（-7.6）。 下游需求方面，PE下游农膜开工率为12.4%（-0.5%），PE下游包装膜开工率为48.4%（-0.5%），PP下游塑编开工率 为44.4%（-0.3%），PP下游BOPP膜开工率为60.4%（+0.0%）。 以色列伊朗地缘局势升级，情绪面影响国际油价大幅走高，聚烯烃成本支撑增强。PE前期检修装置恢复，部分装 置计划内检修，整体开工维持高位，而PP检修装置回归，供应端压力较大，上游整体库存水平去化幅度较小。季 节性消费淡季，下游需求维持弱势，终端刚需采购为主，农膜开工触底反弹，仍处于低位，需求难以驱动。PDH 制PP生产利润维持亏损，新增绍兴三圆、海天石化PDH装置检修，巨正源检修延长，PP成本支撑较强。 策略 单边：中性。 跨期：无。 成本端推动 ...

交易咨询业务资格：证监许可【2012】1091号 PVC期货早报 2025年6月17日 大越期货投资咨询部 金泽彬 从业资格证号：F3048432 投资咨询证：Z0015557 联系方式：0575-85226759 1 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。 目 录 1 每日观点 2 基本面/持仓数据 每日观点 供给端来看，据隆众统计，2025年5月PVC产量为201.9692万吨，环比增加3.31%；本周样本 企业产能利用率为79.25%，环比减少0.02个百分点；电石法企业产量34.908万吨，环比减少 0.44%,乙烯法企业产量11.692万吨，环比减少5.15%；本周供给压力有所减少；下周预计检 修有所减少，预计排产少量增加。 需求端来看，下游整体开工率为45.8%，环比减少0.47个百分点，低于历史平均水平；下游型 材开工率为37.55%，环比减少0.5个百分点，低于历史平均水平；下游管材开工率为 42.94%，环比减少1.44个百分点，低于历史平均水平 ...

商 品 研 究 2025 年 6 月 17 日 PP：价格上涨，刚需成交 张驰 投资咨询从业资格号：Z0011243 zhangchi4@gtht.com 【基本面跟踪】 PP 基本面数据 PP 趋势强度：0 | PP 基本面数据 | | | | | | | --- | --- | --- | --- | --- | --- | | 期 货 | | 昨日收盘价 | 日涨跌 | 昨日成交 | 持仓变动 | | | PP2509 | 7133 | 1.15% | 398,212 | 4247 | | | | 昨日价差 | | 前日价差 | | | 价 差 | 0 9合约基差 | -13 | | -29 | | | | 0 9-0 1合约价差 | 5 | 2 | 5 4 | | | | | | 昨日价格（元/吨） | 前日价格（元/吨） | | | | 华北 | 7070 - | 7250 | 7070 - 7200 | | | 重要现货价格 | 华东 | 7120 - | 7250 | 7060 - 7200 | | | | 华南 | 7090 - | 7330 | 7070 - 7300 | | 注：趋势强度取 ...

Core Viewpoint - The upgrade of the "plastic ban" has led to a significant increase in the demand for polylactic acid (PLA) in various sectors, including packaging and disposable tableware, with China's PLA consumption expected to reach 240,000 tons in 2024, a year-on-year increase of 60% [1][12]. Industry Overview - Polylactic acid (PLA) is a biodegradable polymer material derived from the polymerization of lactic acid, which can be obtained from renewable plant resources through fermentation [4]. - PLA has good biocompatibility and can be decomposed by microorganisms in the natural environment, making it an environmentally friendly material [4]. Industry Development History - The PLA industry in China has gone through three main stages: the embryonic stage (1979-2006), the initiation stage (2007-2019), and the explosive growth stage (2020-present) [4][5]. - The government has implemented policies to restrict the use of non-degradable plastics, which has significantly boosted the demand for PLA [5][6]. Industry Chain - The PLA industry chain includes upstream raw materials (corn, sugarcane, etc.), midstream PLA production, and downstream applications in food packaging, disposable tableware, and medical devices [8]. Current Industry Status - The demand for PLA has surged due to the expanded scope of the plastic ban, with significant advancements in domestic production technology leading to lower costs and improved product quality [12]. - In the first four months of 2025, China's imports of primary PLA amounted to $48.39 million, a year-on-year increase of 42.69%, while exports reached $22.24 million, up 35.53% [14]. Key Companies' Performance - The PLA industry in China is characterized by strong leading companies, such as Anhui Fengyuan and Zhejiang Haizheng, which have established comprehensive industry chains and technological advantages [16][20]. - Anhui Fengyuan has a complete industry chain from corn planting to PLA deep processing, while Zhejiang Haizheng has achieved significant breakthroughs in the industrialization of key PLA raw materials [17][20]. Industry Development Trends 1. The global upgrade of plastic ban policies is a core driver for the PLA industry's growth, with increasing consumer awareness of environmental issues further boosting demand [22]. 2. Technological innovations and industry chain integration are accelerating, with domestic companies reducing reliance on imported technologies [23][24]. 3. The demand for high-end PLA products is growing, leading to a transformation towards high-value-added sectors, while international competition is intensifying [25].

Group 1 - The company held its 44th meeting of the 5th Board of Directors on June 16, 2025, to discuss various proposals [2][3] - The Board approved the proposal to register and issue non-financial corporate debt financing instruments in the interbank bond market, with a total amount not exceeding RMB 1 billion [14][15] - The Board also approved the establishment of an information disclosure management system for the debt financing instruments [6][7] Group 2 - The company plans to use part of its idle raised funds for cash management, not exceeding RMB 300 million, to invest in safe and liquid financial products [22][26] - The cash management period is set for up to 12 months from the date of the Board's approval [28] - The company aims to enhance the efficiency of fund utilization and generate better returns for shareholders through this cash management strategy [33][34] Group 3 - The company will convene the 5th Extraordinary General Meeting on July 3, 2025, to review the proposals approved by the Board [10][38] - The meeting will be conducted both in-person and via online voting, ensuring compliance with relevant regulations [39][40] - Shareholders can participate in the meeting based on the registration rules outlined by the company [41][42]

Summary of Key Points from the Conference Call Industry Overview - The conference call discusses advancements in the motor stator encapsulation technology, specifically focusing on the transition from PPS (Polyphenylene Sulfide) to LCP (Liquid Crystal Polymer) materials in the electric motor industry [1][4]. Core Insights and Arguments - **Third Generation Stator Encapsulation Technology**: The latest technology utilizes molding or injection processes with LCP materials, achieving an insulation layer thickness of only 0.1 mm, which is a significant improvement over the traditional 0.25 mm insulation paper. This results in a 15% increase in slot fill rate and a 5%-8% increase in power density [1][2]. - **Thermal Conductivity Improvement**: The thermal conductivity of the new technology has increased from 0.15 W/m·K to 2 W/m·K, greatly enhancing heat dissipation and overall reliability of the motors [2][3]. - **Market Penetration**: The penetration rate of the third-generation encapsulation technology remains low, with most manufacturers still using traditional methods. The complexity and high capital investment required for the new technology limit the number of manufacturers capable of adopting it [7][8]. - **Industry Shift**: The encapsulation process is shifting from traditional motor manufacturers to specialized plastic component manufacturers due to the complexity of mold manufacturing and injection processes. This transition is expected to impact the entire motor supply chain [6][12]. Important but Overlooked Content - **Material Transition**: The transition from PPS to LCP not only improves insulation and thermal properties but also drives the industry towards higher efficiency [4][11]. - **Competitive Landscape**: In the domestic market, few companies possess both precision mold manufacturing capabilities and LCP injection technology. Notable listed companies include Weike Technology and Zhaojin, while non-listed company Weini Manufacturing stands out for its expertise [10]. - **LCP Material Pricing**: The price of LCP has increased by approximately 5 to 6 times compared to traditional materials, but its superior performance justifies its application in high-efficiency motors [11]. - **Future Trends**: The demand for lightweight solutions in various sectors, including robotics, new energy vehicles, and consumer electronics, is expected to drive the adoption of third-generation LCP stator encapsulation technology [12][13]. This summary encapsulates the key points discussed in the conference call, highlighting the advancements in motor stator technology and its implications for the industry.

【SynBioCon】 获 悉， 6月12日， 苏州宜可生物科技有限公司 项目签约仪式在太湖新城隆重举行， 并于同日取得营业执照。吴中太湖新城党工委书记沈文群会见了公司创始人、澳大利亚莫道克大学兼任 副 教授Wilson Ling（林理坪）一行， 并共同见证签约。 #生物基产业进展 | 宜可生物 澳大利亚莫道克大学教授 Daniel Murphy（丹尼·墨菲），澳大利亚莫道克大学研究员Joseph Boctor （约瑟夫 · 波克特）特邀出席签 约仪式。 苏州宜可生物科技有限公司是 全球第一家拥有PCT专利生产PHA生物塑料树脂的企业 ，专注于可完 全降解的PHA生物塑料的研发与生产，致力于为 食品包装、医疗包装等领域提供高性能环保材料解决 方案 ，产品凭借其优异物性已成功应用于多个行业，并与多所大学开展产学研合作。 此次计划在太湖新城投资建设研发中心和生产基地，目标年产能 1万吨 ，分两期建设： 一期建设研发 中心和100吨中试产线；二期规划建设10000吨产线 。未来五年，公司将以技术创新为驱动，力争成为 生物塑料行业领军企业，实现全球化布局 。、 PHA材料正迎来快速增长的市场机遇 第四届合成生物与绿色 ...

6月16日，国家统计局发布5月国民经济运行数据。供给端，5月全国规上工业增加值同比增长5.8%（预期 5.6%），服务业生产指数当月同比增长6.2%。需求端，5月固定资产投资累计增长3.7%（预期4.1%），其中， 基建和制造业累计增速分别为10.4%（预期9.7%）和8.5%（预期8.5%），房地产投资累计同比-10.7%（预期增 速-10.5%）。社会消费品零售总额同比增长6.4%（预期4.8%）。 图1：消费提振，投资放缓 资料来源：Wind，招商银行研究院 资料来源：Wind，招商银行研究院 5月关税冲击显现，我国经济顶住压力，多数指标实现超预期增长，呈现三个特征。一是外需放缓节奏开始， 内外需增速差收敛。 5月人民币计价出口金额同比增长6.3%，较5月显著下行3pct，出口增速放缓，源自中美 双边贸易额大幅收缩三成，转口贸易和非美贸易伙伴需求边际回落。 二是消费提速支撑，增速同时高于市场 预期、投资和生产。 5月社零增速上行1.3pct至6.4%，以旧换新政策扩围显效、购物节前置、假日消费热度高 企，合力推高单月增速升至2020年以来次高位【注释1】。 三是房地产市场以价换量趋向价跌量缓。 70大中 ...