Group 1: CPI Analysis - In May, the Consumer Price Index (CPI) decreased by 0.2% month-on-month and by 0.1% year-on-year, while the core CPI, excluding food and energy, increased by 0.6%, with the growth rate expanding by 0.1 percentage points compared to the previous month [1][2][3] - The month-on-month decline in CPI was primarily driven by a 1.7% decrease in energy prices, which accounted for approximately 70% of the total decline in CPI [2] - Food prices fell by 0.2%, with seasonal vegetables seeing a 5.9% price drop, while prices for eggs, pork, and poultry slightly decreased by 0.3% to 1.0% [2][3] Group 2: PPI Analysis - The Producer Price Index (PPI) decreased by 0.4% month-on-month and by 3.3% year-on-year, with the year-on-year decline expanding by 0.6 percentage points compared to the previous month [1][4][5] - The month-on-month PPI decline was influenced by international factors, including a 5.6% drop in oil and gas extraction prices and a 3.5% decrease in refined oil product manufacturing prices [4] - Some sectors showed marginal price improvements, with consumer demand policies positively impacting prices in certain industries, such as a 12.8% increase in the price of arts and crafts and a 0.8% rise in footwear manufacturing [5]

Group 1 - The A-share IPO market is gradually recovering, with two new stocks listed on June 5, and significant progress made by previously stalled IPOs [1] - In May, the three major exchanges in China received 16 IPO applications, surpassing the total of the previous four months combined, marking a new monthly high for the year [2] - The current trend in A-share IPOs reflects increased confidence among companies, with a notable acceleration in the review process and a decrease in terminated projects [2][3] Group 2 - As of this year, a total of 28 companies have submitted IPO applications, with the North Exchange receiving the most applications, accounting for over 67% [2] - The average time from application to the first round of inquiries is 18 days for the Shenzhen Main Board and 30 days for the North Exchange, indicating varying efficiency across exchanges [3] - The number of companies under review has decreased significantly, with only 185 companies currently in the pipeline, down nearly 60% from the previous year [3] Group 3 - The increase in IPO applications is attributed to both accelerated review processes and a high termination rate, with 64 companies withdrawing their applications this year [3] - June is traditionally a peak month for IPO applications, as many companies aim to submit materials based on the previous year's financials by the end of June [3] Group 4 - Regulatory bodies are emphasizing support for technology innovation, aiming to enhance the inclusivity and adaptability of the IPO system for high-quality, unprofitable tech companies [4][5] - Among the 28 companies currently under review, 25 are manufacturing firms, with a significant representation from specialized equipment manufacturing [5] Group 5 - The first batch of IPO projects on the ChiNext board this year represents strategic emerging industries, showcasing the integration of technology innovation and industrial development [6] - Notable companies include Sanrui Intelligent, which ranks second globally in the civil drone electric propulsion system market, and Hongming Electronics, which specializes in electronic components for defense applications [6] Group 6 - The North Exchange has seen an improvement in the quality of companies applying for listing, with many demonstrating strong profitability [8][9] - The average revenue for companies applying to the North Exchange in 2024 is projected to exceed 10.13 billion, with 12 companies reporting net profits over 100 million [8] - The increase in quality is attributed to better performance of new companies listed on the New Third Board and enhanced resource allocation by investment banks [9]

Company Overview - Hunan Haili Chemical Co., Ltd. is a leading enterprise in the manufacturing of chemical raw materials and products, primarily focusing on pesticide raw materials, formulations, intermediates, and lithium battery materials [1] - The company has over 70 years of experience in chemical research and development, holding a dominant position in the domestic market for carbamate pesticides with a high market share and self-sufficient key raw materials [1] - Hunan Haili is recognized as a major center for pesticide innovation and research in China, hosting several national research centers and maintaining a leading position in various pesticide-related research areas [1] Recent Performance - The company's operating revenue for the last three years was reported as follows: 2021: 2,470.84 million CNY, 2020: 2,374.35 million CNY, and 2019: 3,130.11 million CNY [3] - Research and development (R&D) investment has shown fluctuations, with 2021 at 142.56 million CNY, 2020 at 121.80 million CNY, and 2019 at 145.94 million CNY, reflecting a growth rate of 17.04% in 2021 and a decline of 16.54% in 2020 [3] - Net profit figures were 288.53 million CNY in 2021, 283.93 million CNY in 2020, and 374.46 million CNY in 2019, with a notable increase in net profit attributable to shareholders after excluding non-recurring gains and losses [3] Stock Incentive Plan - The company plans to grant 16.76 million restricted stocks, accounting for 3.00% of the total share capital, with 97.14% of these being initial grants [4][6] - The initial grant price for the restricted stocks is set at 3.47 CNY per share, which is below the average trading price prior to the announcement [11] - The incentive plan aims to enhance the company's governance structure, motivate key personnel, and align the interests of shareholders and employees [5][6] Performance Targets - The performance targets for the incentive plan include achieving a net profit growth rate of at least 45% by 2025, with additional targets for net asset return and revenue growth [18][19] - The plan includes annual performance assessments to determine the release of restrictions on the granted stocks, with specific growth rates set for each year from 2025 to 2027 [18][19] Governance and Compliance - The company has established a comprehensive governance framework for the stock incentive plan, including the requirement for independent legal and financial opinions [25][26] - The plan stipulates conditions under which the granted stocks may be revoked or adjusted, ensuring compliance with relevant laws and regulations [27][28]

Group 1 - The core viewpoint is that the financial system in Henan Province is intensifying efforts to address the financing difficulties faced by enterprises, particularly small and private businesses, through innovative mechanisms and practical actions [1] - As of May 15, the financing coordination mechanism for small and micro enterprises in Henan Province has resulted in a new credit issuance of 820.198 billion yuan and new loans of 757.289 billion yuan [1] - Financial institutions have visited a total of 7.3488 million small and micro enterprises and individual businesses to ensure comprehensive coverage of financing needs [1] Group 2 - Financial institutions are focusing on supporting the transformation and upgrading of the manufacturing industry, providing specialized support for traditional industries to become more intelligent, green, and technologically advanced [2] - As of the end of April, 54.91% of new corporate loans in the province were directed towards private enterprises, with the number of private enterprise loan accounts reaching 34,900 and the loan balance amounting to 2.54 trillion yuan [2] - The financial regulatory department is enhancing the monitoring system for private enterprise loans and guiding banks to set annual service targets specifically for private and small enterprises [2]

Economic Growth - Sichuan province's industrial added value increased by 7.1% year-on-year from January to April, outpacing the national growth rate by 0.7% [2] - The total retail sales of consumer goods reached 928.59 billion yuan, with a year-on-year growth of 5.3%, also exceeding the national average by 0.6% [2] Industry Performance - Out of 41 major industries, 35 reported growth in added value [2] - The automotive manufacturing industry saw a significant increase of 22.3% year-on-year [2] - Chemical raw materials and products manufacturing grew by 20.0% [2] - The computer, communication, and other electronic equipment manufacturing sector increased by 15.0% [2] - Black metal smelting and rolling processing industry grew by 14.9% [2] - Electrical machinery and equipment manufacturing rose by 10.6% [2] Industrial Product Output - Natural gas production increased by 9.4% year-on-year [2] - Power generation grew by 4.1% [2] - Smart watch production surged by 92.7% [2] - Generator sets production increased by 73.1% [2] - Lithium-ion battery output rose by 66.7% [2] - Automobile production grew by 35.6% [2] - Industrial boiler output increased by 28.3% [2] - Integrated circuit production rose by 15.7% [2] - Color television production increased by 14.9% [2] - Smartphone production grew by 12.4% [2] Investment Trends - The product sales rate for industrial enterprises above designated size was 94.6% [3] - Fixed asset investment (excluding rural households) increased by 3.2% year-on-year [3] - Investment in the primary industry grew by 20.5% [3] - Investment in the secondary industry increased by 15.7%, with industrial investment rising by 15.9% [3] - Investment in the tertiary industry declined by 2.6% [3] Real Estate Development - Real estate development investment decreased by 6.8% year-on-year [4] - The construction area of commercial housing fell by 12.6% [4] - The sales area of newly built commercial housing declined by 7.4% [4] Consumer Spending - Restaurant revenue reached 130.32 billion yuan, growing by 4.6% year-on-year [4] - Retail sales of goods amounted to 798.27 billion yuan, with a year-on-year growth of 5.4% [4] - E-commerce sales from above-designated size enterprises reached 67.14 billion yuan, increasing by 27.1% [4] Hot Product Categories - Retail sales of communication equipment from above-designated size enterprises surged by 79.2% [4] - Retail sales of household appliances and audio-visual equipment grew by 16.4% [4] - Retail sales of grain, oil, and food increased by 13.0% [4] - Beverage retail sales rose by 12.7% [4] - Retail sales of cultural and office supplies grew by 10.5% [4]

Group 1: Industrial Growth - Sichuan's industrial added value increased by 7.1% year-on-year from January to April, with state-owned enterprises growing by 8.1% and joint-stock enterprises by 6.4% [1] - Among 41 major industries, 35 experienced growth, with notable increases in automotive manufacturing (22.3%), chemical raw materials and products (20.0%), and computer and electronic equipment manufacturing (15.0%) [1] - Key industrial product outputs included natural gas (9.4%), electricity generation (4.1%), and significant growth in smartwatches (92.7%), generators (73.1%), and lithium-ion batteries (66.7%) [1] Group 2: Fixed Asset Investment - Fixed asset investment in Sichuan grew by 3.2% year-on-year from January to April, with the primary industry seeing a 20.5% increase and the secondary industry growing by 15.7% [1] - Industrial investment specifically rose by 15.9% during the same period [1] Group 3: Consumer Retail - Sichuan's total retail sales of consumer goods reached 928.59 billion yuan, marking a 5.3% year-on-year increase [2] - Urban retail sales accounted for 753.51 billion yuan (5.2% growth), while rural retail sales were 175.07 billion yuan (5.9% growth) [2] - Notable growth in retail categories included communication equipment (79.2%), household appliances (16.4%), and food products (13.0%) [2]

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) is initiating the third batch of pilot projects for the digital transformation of small and medium-sized enterprises (SMEs) in approximately 34 cities, focusing on key industries such as chemical manufacturing and fuel processing [1][2] Group 1: Key Tasks and Focus Areas - The pilot projects will emphasize practical transformation effects, addressing the deep-rooted reasons for SMEs' reluctance or inability to undergo digital transformation [1] - There will be a focus on strengthening professional supply by selecting service providers who understand both the industry and digitalization, developing targeted "small, fast, light, and precise" solutions for SMEs [1][2] - The initiative encourages the exploration of new technologies and models, such as artificial intelligence and cluster park transformations, to enhance the digital capabilities of SMEs [1][2] Group 2: Mechanisms and Implementation - The pilot cities are encouraged to explore new paths and methods tailored to their unique advantages, while ensuring the availability of essential resources like talent, funding, and data for digital transformation [2] - A dynamic tracking and experience summarization mechanism will be established to continuously optimize the pilot projects and improve their relevance and timeliness [2] - The selection of industries for the pilot projects will focus on those with significant production value, high SME concentration, and clear potential for transformation, avoiding dispersion [2]

中石化（北京）化工研究院有限公司，成立于2021年，位于北京市，是一家以从事化学原料和化学制品 制造业为主的企业。企业注册资本10000万人民币。通过天眼查大数据分析，中石化（北京）化工研究 院有限公司共对外投资了4家企业，参与招投标项目876次，财产线索方面有商标信息9条，专利信息 1372条，此外企业还拥有行政许可937个。 来源：金融界 金融界2025年5月3日消息，国家知识产权局信息显示，中国石油化工股份有限公司;中石化（北京）化 工研究院有限公司申请一项名为"一种硼酸盐化合物的制备方法及应用"的专利，公开号 CN119899204A，申请日期为2023年10月。 专利摘要显示，本发明属于硼酸盐化合物的制备技术领域，公开了一种硼酸盐化合物的制备方法及应 用，该制备方法包括以下步骤：1)将苯的卤代衍生物和溶剂混合，在‑60℃至‑100℃、氮气保护下，滴加 正丁基锂溶液并反应2～24h，再加入三氯化硼溶液继续反应1～36h；2)将步骤1)得到的反应混合物升温 至常温，然后减压升温脱除溶剂，得到粗产物，将粗产物中加入二氯甲烷、以及胺类或胺的盐酸盐，搅 拌反应0.5～4h；3)将步骤2)得到的产物过滤，向滤液 ...

Economic Overview - In Q1 2025, Sichuan's GDP reached 15,246.92 billion yuan, with a year-on-year growth of 5.5% at constant prices [1] - The primary industry added value was 814.19 billion yuan, growing by 2.9%; the secondary industry added value was 4,994.84 billion yuan, increasing by 5.5%; the tertiary industry added value was 9,437.89 billion yuan, rising by 5.8% [1] Agricultural Production - In Q1, the production of vegetables and edible fungi increased by 3.5%, fruits by 6.9%, and tea leaves by 5.1% [2] - The number of live pigs slaughtered was 15.812 million, with a slight increase of 0.2% [2] - Aquatic product output reached 469,000 tons, growing by 5.0% [2] Industrial Production - The added value of large-scale industrial enterprises grew by 7.2% year-on-year, with a product sales rate of 94.0% [3] - State-owned enterprises saw a 16.0% increase in added value, while collective enterprises decreased by 35.5% [3] - Key industries such as automotive manufacturing and chemical production experienced significant growth, with automotive manufacturing up by 22.5% and chemical products by 22.4% [3] - High-tech manufacturing added value increased by 14.5%, with electronic and communication equipment manufacturing growing by 21.9% [3] Service Sector - The tertiary sector's added value grew by 5.8%, with information transmission and software services increasing by 12.5% [4] - Other sectors such as rental and business services grew by 12.0%, while the financial sector saw a 3.0% increase [4] Investment Trends - Fixed asset investment (excluding rural households) increased by 4.0% year-on-year [5] - Investment in the primary industry surged by 27.2%, while the tertiary sector saw a decline of 2.6% [5] - Real estate development investment decreased by 6.5%, with new housing construction area down by 12.3% [5] Consumer Market - The total retail sales of consumer goods reached 7,003.4 billion yuan, growing by 5.2% [6] - Urban retail sales were 5,693.0 billion yuan, up by 5.1%, while rural retail sales increased by 5.8% to 1,310.4 billion yuan [6] - Notable growth in online retail sales through large enterprises was 27.5% [7] Economic Sentiment - The economic sentiment index for Q1 was 102.2, indicating a positive outlook, with production and sales indices at 102.1 and 102.5, respectively [8]

吉林省中研高分子材料股份有限公司 首次公开发行股票并在科创板上市 发行公告 保荐人（主承销商）：海通证券股份有限公司 重要提示 下简称"互联网交易平台"）进行，网上发行通过上交所交易系统进行，请投资 者认真阅读本公告。关于初步询价和网下发行电子化的详细内容，请查阅上交 所网站（www.sse.com.cn）公布的《网下发行实施细则》等相关规定。 投资者可通过以下网址（http://www.sse.com.cn/disclosure/listedinfo/listing/、 http://www.sse.com.cn/ipo/home/）查阅公告全文。 | 发行人基本情况 | | | | | --- | --- | --- | --- | | 公司全称 | 吉林省中研高分子材料股 | 证券简称 | 中研股份 | | 份有限公司 | | | | | 证券代码/网下 | 688716 | 网上申购代码 | 787716 | | 申购代码 | | | | | 网下申购简称 | 中研股份 | 网上申购简称 | 中研申购 | | 本次发行基本情况 | | | | | 定价方式 | 网下初步询价确定发行价 | 本 次 发 ...