据中国贸易救济信息网，7月28日，欧盟委员会发布公告，对原产于中国、泰国2国及中国台湾地区的环 氧树脂作出反倾销肯定性终裁：裁定江苏三木集团有限公司反倾销税为17.3%，中国中化集团有限公 司、江苏瑞恒新材料科技有限公司、南通星辰合成材料有限公司、江苏扬农锦湖化工有限公司反倾销税 均为33.0%，其他合作企业反倾销税为23.0%、中国其他生产商/出口商反倾销税为33.0%；泰国生产商/ 出口商反倾销税为29.9%；中国台湾地区生产商/出口商反倾销税为10.8%—11.0%。同时，终止对原产于 韩国涉案产品的反倾销调查。本案倾销调查期为2023年4月1日至2024年3月31日，损害调查期为2020年1 月1日至倾销调查期结束。措施自公告发布次日起生效。 2024年7月1日，欧盟委员会对原产于中国、韩国、泰国3国及中国台湾地区的环氧树脂发起反倾销调 查。 ...

Group 1 - The core point of the article is the application of a patent by Sinopec for a composite electrode material that includes an olive-shaped heterogeneous symbiotic oxide/graphene, which shows high cycling efficiency and specific capacity [1] - The patent application was filed on January 2024, and the publication number is CN120388994A [1] - The composite material consists of graphene and two types of metal oxide particles, which are one-dimensional nanoparticles, enhancing charge-discharge stability and performance [1] Group 2 - Sinopec, established in 2000, is primarily engaged in oil and gas extraction, with a registered capital of approximately 12.17 billion RMB [1] - The company has invested in 263 enterprises and participated in 5000 bidding projects, holding 5000 patent information and 45 trademark records [1] - Sinopec (Beijing) Chemical Research Institute, founded in 2021, focuses on the manufacturing of chemical raw materials and products, with a registered capital of 100 million RMB [2] - The research institute has invested in 4 enterprises and participated in 1268 bidding projects, holding 1661 patent records and 16 trademark records [2]

Report Industry Investment Ratings - PX: Unilateral trend is weakening, rated as "Weak" [1][8] - PTA: Weak, with basis reverse arbitrage and monthly spread positive arbitrage opportunities, rated as "Weak" [1][8] - MEG: Trend turns weak, with monthly spread reverse arbitrage, rated as "Weak" [1][8] Core Viewpoints - PX's price decline is a correction after the sharp rise on July 25, and future Asian supply will gradually increase; PTA's spot supply pressure increases, and attention should be paid to basis and monthly spread arbitrage; MEG is short - term bearish due to supply pressure and other factors [3][9][10] Market Overview PX - End - of - day naphtha price declined, and today's PX price dropped significantly. Two September Asian spot deals were at 855 and 854, and one October deal was at 848. The decline is seen as a correction after the July 25 surge, driven by China's discussion on curbing industrial over - capacity. Crude oil's afternoon weakness added downward pressure, but its potential rebound may support PX [3][5] PTA - PTA spot price fell to 4800 yuan/ton, with a mainstream basis of 09 - 7 [5] MEG - East China main port MEG inventory is about 52.1 tons, down 1.2 tons from the previous period. Different ports have different inventory changes [6] Polyester - A 300,000 - ton polyester new device in Anhui will be put into production tomorrow. Jiangsu and Zhejiang polyester yarn sales are light, with an average sales rate of less than 30% as of 3:30 pm. Direct - spinning polyester staple fiber sales are average, with an average sales rate of 48% as of 3:00 pm [6][7] Trend Intensity - PX, PTA, and MEG trend intensities are all - 1, indicating a weak trend [8] Views and Suggestions PX - Unilateral trend turns weak, hedge on rallies. Go long PX and short PTA01 contract, short PXN on rallies. China's PX开工率 is 79.9% (1.2%), and Asia's is 72.9% (- 0.7%). Future Asian supply will gradually increase [9] PTA - Unilateral turns weak, industries can hedge on rallies. Pay attention to going long PX and short PTA on 01 contract. Basis is in reverse arbitrage, and 9 - 1 monthly spread positive arbitrage can be considered. PTA装置开工率 remains at 79.7%. Pay attention to high - valuation PTA processing fee compression positions [9][10] MEG - Short - term bearish. Pay attention to supply pressure from non - mainstream warehouse receipts. Consider shorting ethylene glycol and going long L arbitrage. Import volume will change in different months, and domestic supply is relatively loose [10][11]

Group 1 - Sun Xuexiang has been recognized multiple times for his technical skills and contributions to the Gansu Jinchang Chemical Industry Group, including awards such as the "National Labor Model" in 2023 [1][2] - He has led over 20 technical transformation projects, saving the company more than 9 million yuan, and successfully revived a 600,000 yuan compressor crankshaft that was facing scrapping [2][3] - Sun established a provincial-level skills master studio in 2016, which became a national-level studio in 2020, fostering innovation and training for young technicians [3] Group 2 - The studio has produced several practical patents and completed over 30 technical innovations, generating annual economic benefits exceeding 10 million yuan [3] - The studio has also identified and addressed over 80 equipment hazards, including more than 20 major risks [3] - The collaborative efforts in the studio have created a platform for skill exchange and technical research among workers [3]

Summary of the Conference Call for 福莱股份 Company Overview - 福莱股份 is engaged in the production of active magnesium oxide, primarily for use in nickel extraction processes, and has established significant partnerships with companies like 格林美. Key Points Industry and Market Dynamics - 福莱股份 has entered into a strategic cooperation with 格林美, which involves switching all three of its production lines to use active magnesium oxide. This change is expected to enhance metal recovery rates and production efficiency while reducing nickel manufacturing costs by 10%-15% [2][3][5]. - The active magnesium oxide market is expanding, with interest from other Chinese enterprises such as 力勤, 青山, and 华友, indicating potential for future sales growth [2][4]. Production Capacity and Plans - The company currently has a production capacity of 110,000 tons, with plans to increase this to 170,000 tons after technical upgrades. Additionally, there are plans to add another 120,000 tons of capacity by June 2026 to meet the demands of 格林美 and other potential clients [2][4][7]. - 福莱股份 has a mining capacity of 1 million tons per year in Tibet, theoretically allowing for the production of 450,000 tons of magnesium oxide [7]. Financial Performance and Pricing - The price range for active magnesium oxide is approximately 4,500-5,000 RMB per ton in the Indonesian market and below 4,000 RMB per ton in Africa. The company enjoys a gross margin exceeding 40%-50% due to its own mining resources [3][9]. - Direct costs for transporting products to major cities like Wuhan or Shanghai are around 2,000 RMB per ton [10]. Strategic Partnerships and Agreements - The three-year supply agreement with 格林美 guarantees a minimum supply of 150,000 tons annually, which is crucial for the stability of their production lines [3][11]. - The company is also exploring partnerships with other nickel ore enterprises, with 青山 planning to start production in 2026 and 华友 expressing interest in long-term cooperation [8]. Challenges and Opportunities - The refractory materials business faces pricing pressures from domestic steel companies, but there is increasing demand in overseas markets, particularly in the U.S. where sales are expected to reach 15,000 tons in 2025 [3][16]. - The company is optimistic about the growth of its active magnesium oxide sales, with expectations of steady increases in the coming years due to new client acquisitions and existing client demand [6]. Future Outlook and Investment Plans - 福莱股份 plans to continue investing in new projects, with significant capital expenditure anticipated in 2025 and 2026. The company may consider financing options to support these investments [20]. - The company aims to balance its focus on domestic refractory materials, overseas market expansion, and new materials, particularly in high-efficiency sedimentation agents and hydrometallurgy processes [21]. Conclusion - 福莱股份 is well-positioned in the active magnesium oxide market, with strong partnerships and a clear growth strategy. The company is navigating challenges in the refractory materials sector while capitalizing on opportunities in new materials and international markets.

召开地点：公司会议室 (五)网络投票的系统、起止日期和投票时间。 证券代码：600135 证券简称：乐凯胶片 公告编号：2025-037 网络投票系统：上海证券交易所股东大会网络投票系统 乐凯胶片股份有限公司 关于召开2025年第二次临时股东大会的通知 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。 重要内容提示： 召开的日期时间：2025 年 8 月 13 日 14 点 00 分 (七)涉及公开征集股东投票权 无 二、 会议审议事项 本次股东大会审议议案及投票股东类型 投票股东类型 网络投票起止时间：自2025 年 8 月 13 日 至2025 年 8 月 13 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通 ...

乐凯胶片股份有限公司 股东会规则 （2025年7月修订） 第一章 总则 第一条 为规范乐凯胶片股份有限公司（以下简称"公司"）股东会运作，提高股东 会议事效率及决策水平，保障股东合法权益，保证股东会依法、依公司章程行使职权,保 证股东会会议程序和决议内容合法、有效，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》）、《上市公司股东会规则 （2025年修订）》（以下简称《股东会规则》）及本公司章程的规定，特制定本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本规则。本规则所涉及术 语的含义及未载明事项均适用公司章程之规定，不以公司的其他规章作为解释和援引的依 据。 第三条 公司应当严格按照法律、行政法规、《股东会规则》及公司章程的相关规定 召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应当勤勉尽责， 确保股东会正常召开和依法行使职权。 第四条 股东会应当在《公司法》和公司章程规定的范围内行使职权。 第五条 股东会分为年度股东会和临时股东会。年度股东会每年召开一次，应当于上 一会计年度结束后的六 ...

Group 1 - The company has reported overdue debts totaling 50,625,559.09 yuan, which accounts for 2.54% of its audited net assets for 2024 [3][4] - As of April 2025, the overdue principal amount was 30,820,946.72 yuan, with interest paid on the overdue debts [1] - The company has signed supplementary agreements with several financial leasing companies to adjust repayment plans, with some payments postponed to late August to late September [4] Group 2 - The company has coordinated with banks and financial institutions to mitigate debt risks and pressure, establishing a creditor committee to facilitate communication and support [4] - All due bank loans have been renewed, and no overdue debts have occurred with banks, aside from the overdue debts with financial leasing companies [4] - The company is taking measures to alleviate short-term liquidity pressure, including increasing the disposal of non-core assets to improve operational conditions [4]

Group 1 - The core viewpoint of the article highlights the recent performance and financial metrics of Jianlong Micro-Nano (688357), indicating a stock price increase of 4.74% to 31.82 yuan as of July 28, 2025, with a trading volume of 33,000 hands and a transaction amount of 104 million yuan [1] - The company reported a total operating revenue of 178 million yuan for Q1 2025, reflecting a year-on-year decrease of 7.39%, and a net profit attributable to shareholders of 25.41 million yuan, down 19.68% year-on-year [1] - The liquidity ratios of the company are strong, with a current ratio of 3.254 and a quick ratio of 2.584, while the debt-to-asset ratio stands at 38.42% [1] Group 2 - Jianlong Micro-Nano has made investments in 6 companies and participated in 400 bidding projects, showcasing its active engagement in the market [2] - The company holds 13 trademark registrations and 153 patents, indicating a robust intellectual property portfolio [2] - Additionally, Jianlong Micro-Nano has obtained 266 administrative licenses, reflecting its compliance and operational capabilities [2]

Industry Investment Rating No information provided. Core Views - For methanol, high imports are being realized, inventory accumulation has begun, and the futures price is undervalued. It is in a period of bearish factors being realized. With macro - instability and weak methanol prices in Europe and the US, it's hard to determine the single - side direction. Given the low valuation, it's advisable to consider long - position when the price is low [2]. - For polyethylene, the overall inventory is neutral. The 09 basis is around - 150 in North China and - 100 in East China. Import profits are around - 100 with no further increase for now. Non - standard HD injection prices are stable, and LD is weakening. In August, maintenance will decrease and domestic linear production will increase. Attention should be paid to LL - HD conversion and US quotes, as well as new device commissioning in 2025 [9]. - For polypropylene, upstream Sinopec and PetroChina are accumulating inventory while the middle - stream is destocking. The basis is - 60, non - standard price spreads are neutral, and import profit is around - 800. Exports have been good this year. In June, supply is expected to increase slightly, and downstream orders are average. In the context of over - capacity, the 09 contract is under moderate to excessive pressure, which can be alleviated if exports continue to grow or PDH device maintenance increases [9]. - For PVC, the basis is maintained at 09 - 150, and the factory - delivery basis is - 450. Downstream开工 is seasonally weakening, and there is a strong willingness to hold inventory at low prices. Mid - and upstream inventory destocking is slowing down. Attention should be paid to new device commissioning and export sustainability from July to August. The current static inventory contradiction is accumulating slowly, costs are stable, and downstream performance is mediocre [9]. Summary by Commodity Methanol - **Price Data**: From July 21 - 25, 2025, the daily change in动力煤期货 was 0,江苏现货 increased by 20,华南现货 by 32,鲁南折盘面 by 35,西北折盘面 by 12,进口利润 increased by 39,主力基差 decreased by 5, and盘面MTO profit remained unchanged [2]. - **Market Situation**: High imports are being realized, inventory accumulation has started, and the futures price is undervalued. Iran has reduced its production, non - Iranian supply has increased, and domestic supply has also grown. It's in a bearish realization period, and attention should be paid to actual inventory accumulation. With macro - instability and weak methanol prices in Europe and the US, it's hard to determine the single - side direction, but due to the low valuation, it's advisable to consider long - position when the price is low [2]. Polyethylene - **Price Data**: From July 21 - 25, 2025,东北亚乙烯 remained unchanged,华北LL increased by 80,主力期货 increased by 71,基差 decreased by 30,两油库存 decreased by 2, and仓单 decreased by 6 [9]. - **Market Situation**: The overall inventory is neutral. The 09 basis is around - 150 in North China and - 100 in East China. Import profits are around - 100 with no further increase for now. Non - standard HD injection prices are stable, and LD is weakening. In August, maintenance will decrease and domestic linear production will increase. Attention should be paid to LL - HD conversion and US quotes, as well as new device commissioning in 2025 [9]. Polypropylene - **Price Data**: From July 21 - 25, 2025,山东丙烯 decreased by 30,华东PP increased by 45,华北PP increased by 8,山东粉料 increased by 50,华东共聚 increased by 28,主力期货 increased by 40, and基差 decreased by 40 [9]. - **Market Situation**: Upstream Sinopec and PetroChina are accumulating inventory while the middle - stream is destocking. The basis is - 60, non - standard price spreads are neutral, and import profit is around - 800. Exports have been good this year. In June, supply is expected to increase slightly, and downstream orders are average. In the context of over - capacity, the 09 contract is under moderate to excessive pressure, which can be alleviated if exports continue to grow or PDH device maintenance increases [9]. PVC - **Price Data**: From July 21 - 25, 2025,山东烧碱 increased by 5,电石法 - 华东 increased by 70, and other prices remained unchanged [9]. - **Market Situation**: The basis is maintained at 09 - 150, and the factory - delivery basis is - 450. Downstream开工 is seasonally weakening, and there is a strong willingness to hold inventory at low prices. Mid - and upstream inventory destocking is slowing down. Attention should be paid to new device commissioning and export sustainability from July to August. The current static inventory contradiction is accumulating slowly, costs are stable, and downstream performance is mediocre [9].