据金融界报道，日本可能通过提供资金和技术帮助，以推动与美国在6月中旬前达成关税协议。这其中包括投资阿拉斯加液化天然气（LNG）管 道项目、分享造船技术等。日本将展示其在破冰船建造方面的优势，随着北极地区安全担忧加剧，这一领域的需求日益增长。日本首相石破茂表 示，他亲自指定的贸易谈判代表赤泽亮正在华盛顿与美国同行举行第三轮会谈后返回东京。赤泽亮正表示，他希望在石破茂与特朗普计划于下个 月在加拿大举行的七国集团（G-7）峰会间隙会晤前达成协议。 然而，日本在谈判中也面临着诸多难题。一方面，日本依赖美国提供安全保护，在军事上对美国有一定的依赖；另一方面，美国此前曾指责日本 故意压低日元汇率，使其出口获得贸易优势，这使得谈判更加复杂。日本能否在谈判中迫使美方让步，全面取消汽车关税，还有待观察。但可以 确定的是，美国若不重视日本的诉求，日本国内的政治压力将会持续增大，这对美日关系的发展可能产生不可忽视的影响。 特朗普（资料图） 当前的中美经贸关系正处于一个微妙的转折点。美国企业原本期待的"短暂和解"并没有带来商业关系的修复，反而发现中国市场已经发生了不可 逆的变化。这种变化不仅体现在贸易数据上，更反映在中国企业对供应链 ...

Core Points - Fuling Technology Co., Ltd. is established as a joint-stock company based on the original Taizhou Fuling Plastic Co., Ltd. and registered with the Zhejiang Provincial Market Supervision Administration [3][4] - The company received approval from the China Securities Regulatory Commission to issue 147,330,000 shares of ordinary RMB stock to the public, with the listing on the Shenzhen Stock Exchange scheduled for January 23, 2025 [3] - The registered capital of the company is RMB 589.32 million [4] Chapter Summaries Chapter 1: General Provisions - The company aims to protect the legal rights of shareholders, employees, and creditors while regulating its organization and operations according to relevant laws [3] - The company is permanently established as a joint-stock limited company [4] Chapter 2: Business Objectives and Scope - The company's business objectives include humanistic environmental protection, communication and collaboration, and innovative development [5] - The business scope includes manufacturing and sales of plastic products, new material technology research and development, and various other manufacturing and service activities [6] Chapter 3: Shares - The company's shares are issued in the form of stocks, with each share having a par value of RMB 1 [7] - The total number of shares issued at the establishment of the company is 42.91 million shares, with a total of 58.932 million shares currently issued [8] Chapter 4: Shareholders and Shareholders' Meeting - The company maintains a shareholder register based on information from the securities registration agency, ensuring equal rights for shareholders of the same class of shares [12] - Shareholders have rights to dividends, participate in meetings, supervise operations, and access company documents [34] Chapter 5: Board of Directors - The board of directors is responsible for the company's operations and decision-making, with specific provisions for independent directors and committees [12] Chapter 6: General Manager and Other Senior Management - The company designates a general manager and other senior management personnel, including the vice president and financial officer [5] Chapter 7: Financial Accounting System, Profit Distribution, and Audit - The company establishes a financial accounting system and internal audit procedures, with provisions for appointing an accounting firm [5] Chapter 8: Notices and Announcements - The company outlines procedures for issuing notices and announcements to shareholders [5] Chapter 9: Merger, Division, Capital Increase, Decrease, Dissolution, and Liquidation - The company can increase or decrease capital and undergo mergers or divisions according to legal requirements and shareholder resolutions [9] Chapter 10: Amendment of Articles - The company can amend its articles of association as needed, subject to shareholder approval [9] Chapter 11: Supplementary Provisions - The articles of association become legally binding documents for the company, shareholders, directors, and senior management [4]

Group 1: IPO Guidance and Trends - In May, the China Securities Regulatory Commission (CSRC) disclosed 17 companies undergoing IPO guidance, bringing the total for 2025 to 123 companies [1] - The number of newly disclosed companies for guidance in May decreased compared to the previous months, with 32, 29, 23, and 22 companies in January to April respectively [1] - Notable companies disclosed in the last week of May include Huaxin New Materials, Tianhai Fluid Control, Chengdu Ultra-Pure Materials, and Chengfeng Technology [1] Group 2: Huaxin New Materials - Huaxin New Materials is the fourth globally and the first domestically to achieve mass production of high-performance polyimide (PI) films, filling a domestic gap and achieving import substitution [2] - The company was established in 2019 with a registered capital of 105 million yuan and has undergone five rounds of financing, attracting investments from notable institutions such as CRRC Capital and National Development Bank [3][4][5][6] - The company completed its IPO guidance registration with Guotai Junan Securities on May 28 [2] Group 3: Tianhai Fluid Control - Tianhai Fluid Control submitted its IPO guidance materials to the Anhui Securities Regulatory Bureau on May 21, with the application accepted on May 28 [7][8] - The company, established in 2012, has seen revenue growth from 2022 to 2024, with figures of 202 million yuan, 253 million yuan, and 287 million yuan respectively, showing year-on-year growth rates of 32.4%, 25.2%, and 13.3% [9] - Tianhai Fluid previously submitted an IPO application in December 2023 but was not accepted due to issues related to shareholding [9] Group 4: Chengdu Ultra-Pure Materials - Chengdu Ultra-Pure submitted its IPO guidance to the Sichuan Securities Regulatory Bureau on May 30, which was accepted [10] - Established in 2005, the company specializes in semiconductor etching devices and high-power laser devices, with a focus on advanced surface treatment processes [10] - The company has completed four rounds of financing, with significant participation from investors including BYD and TCL Venture Capital [11][12] Group 5: Chengfeng Technology - Chengfeng Technology submitted its IPO guidance materials on May 29, which were accepted by the Sichuan Regulatory Bureau [13] - The company, founded in 2009, specializes in the research, manufacturing, and sales of valves, with a significant portion of its revenue coming from domestic sales [14][15] - Despite a decline in net profit over the past two years, the company remains a key player in the valve market, ranking third in the sales of certain valve types [15]

5月，证监会官网新增披露17家企业进行IPO辅导备案。至此，2025年新增披露123家企业辅导备 案。 其中，1月-4月每月新增披露32家、29家、23家、22家企业辅导备案。 相比前四个月，5月新增披 露的辅导备案企业数量有减少。 星标 ★ IPO日报 精彩文章第一时间推送 具体来看，5月最后一周（5月26日-5月31日），新增披露株洲时代华鑫新材料技术股份有限公司 （下称"华鑫新材"）、铜陵天海流体控制股份有限公司（下称"天海流体"）、成都超纯应用材料 股份有限公司（下称"成都超纯"）、成都乘风流体科技集团股份有限公司（下称"乘风科技"）等 四家公司辅导备案。 IPO日报注意到，华鑫新材是全球第4家、国内首家具备批量生产高性能PI膜的高新技术企业，受 到中车资本、国家开发银行、国投创业、达晨财智等知名机构青睐；天海流体此次是二次筹备申 请北交所，此前申请未获受理，并受到全国股转公司的纪律处分；成都超纯一年连续三轮融资， 比亚迪、华泰紫金投资、TCL创投均参与投资；乘风科技净利润连续两年下滑，服务埃克森美 孚、雪佛龙、中石化等知名客户。 华鑫新材成立于2019年，注册资本1.05亿元，是一家以从事橡胶和塑料 ...

聚丙烯产业日报 2025-06-03 统消费旺季，近期国际油价走强。PP供需偏弱格局未改，不过需关注油价波动导致短期价格反弹。技术上 助理研究员: 徐天泽 期货从业资格号F03133092 ，PP2509下方关注6840附近支撑，上方关注6940附近压力。 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:聚丙烯(日,元/吨) | 6884 | 9 1月合约收盘价:聚丙烯(日,元/吨) | 6822 | 20 | | | 5月合约收盘价:聚丙烯(日,元/吨 ...

Core Viewpoint - The company has approved an increase in its foreign exchange hedging business limit for 2025 to mitigate foreign exchange risks and stabilize costs amid a complex external environment [3][7]. Group 1: Foreign Exchange Hedging Business - The company has decided to conduct foreign exchange hedging activities for 2025, with a total scale not exceeding 650,000 million RMB or equivalent foreign currency [2][3]. - The maximum expected margin and premium to be utilized for these transactions will not exceed 50,000 million RMB or equivalent foreign currency, and these amounts can be used in a rolling manner within the approved limits [3][7]. - The decision to adjust the hedging limit is based on the company's ongoing "833plus" strategic plan and the need for effective cost management and risk mitigation due to increased international transactions [3][4]. Group 2: Risk Management and Compliance - The company will adhere to a prudent principle in its foreign exchange hedging activities, ensuring that all transactions are based on normal business operations and not for speculative purposes [4][5]. - The funding for these hedging activities will come from the company's own funds and other legally permitted sources, without involving raised funds [4]. - The company has established management systems and procedures to ensure effective risk control and compliance with relevant accounting standards [6][7]. Group 3: Approval Process - The board of directors and the supervisory board have both approved the adjustment of the foreign exchange hedging business limit for 2025, emphasizing the importance of this decision for the company's stable operation and shareholder interests [7][8].

证券代码：603655 证券简称：朗博科技 公告编号：2025-027 常州朗博密封科技股份有限公司2024年年度权益分派实施公告 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： ? 每股分配比例 A 股每股现金红利0.10元（含税） ? 相关日期 股份类别 股权登记日 最后交易日 除权（息）日 现金红利发放日 Ａ股 2025/6/10 － 2025/6/11 2025/6/11 ? 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 19 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 （1）本次差异化分红方案 根据公司 2024 年年度股东大会审议通过的《关于 2024 年度利润分配预案》，公司 2024 年度拟以实施权益分派股权登记日登记的总股本扣除公司回购专用证券账户中的股份为基数， 向全体股东每 10 ...

Group 1: PMI Overview - The manufacturing PMI for May is at 49.5%, a month-on-month increase of 0.5 percentage points, still in the contraction zone[4] - The production index rose to 50.7%, up 0.9 percentage points, indicating a return to the expansion zone[4] - The new orders index increased to 49.8%, up 0.6 percentage points, reflecting improved demand[4] Group 2: Sector Performance - The new export orders index rose to 47.5%, up 2.8 percentage points, but remains below the levels seen in March (49.0%) and April[4] - High-tech manufacturing PMI decreased by 0.6 percentage points to 50.9%, remaining in the expansion zone for four consecutive months[4] - Large enterprises' PMI increased to 50.7%, up 1.5 percentage points, while medium enterprises' PMI fell to 47.5%, down 1.3 percentage points[5] Group 3: Price and Inventory Trends - The raw materials price index is at 46.9%, down 0.1 percentage points, indicating ongoing price pressure[4] - The finished goods price index is at 44.7%, also down 0.1 percentage points, suggesting weak downstream demand[4] - The raw materials inventory index is at 47.4%, up 0.4 percentage points, while the finished goods inventory index is at 46.5%, down 0.8 percentage points[5] Group 4: Economic Outlook - The production activity expectation index for manufacturing is at 52.5%, up 0.4 percentage points, indicating improved business sentiment[6] - The overall economic environment shows a structural characteristic where supply exceeds demand, necessitating policy support to alleviate price pressures[4]

PMMA 需求存在结构性分化，光学级国产替代正当时。PMMA 是迄今为止合成透明材料中质地最优异 的品种之一，被誉为"塑料女王"的高级材料。我国PMMA 市场需求量巨大，特别是近几年液晶显示 屏、LED 照明、汽车的市场增长十分迅速，光学级PMMA 材料使用量有了大幅度的增长，普通牌号 PMMA 制品与聚苯乙烯(PS)、聚碳酸酯(PC)等相关替代产品的激烈竞争；但我国PMMA产能以低端 PMMA 产能为主，高端光学级PMMA 产品市场份额和产能主要被几家国际化工巨头所掌控，我国仍需 每年大量进口，据海关总署数据，2024年我国PMMA 进口量为16.27 万吨。目前，国内企业陆续实现光 学级PMMA 生产能力，未来有望逐步实现光学级PMMA 国产替代。 事件：日本旭化成5 月27 日召开董事会会议，决定退出甲基丙烯酸甲酯（MMA）单体、甲基丙烯酸环 己酯（CHMA）、聚甲基丙烯酸甲酯（PMMA）树脂（产品名称：Delpet?和Delpowder?）以及苯乙烯- 丁二烯（SB）乳液业务，并重组乙腈供应框架（关闭川崎的精制厂）。 投资建议：预计公司2025-2027 年归母净利润分别为2.83、3.38、4.16 ...

Core Insights - The ISM Manufacturing Purchasing Managers' Index (PMI) indicates that U.S. manufacturing activity has contracted for the third consecutive month in May, with a PMI reading of 48.5%, down from 48.7% in April, remaining below the 50% threshold that signifies expansion [1][2] Manufacturing Activity - The new orders index stands at 47.6%, showing a slight improvement from April's 47.2%, but still indicating contraction for the fourth month in a row [1] - The production index increased to 45.4% in May from 44% in April, yet remains in a contraction phase [1] - The prices index is at 69.4%, slightly lower than April's 69.8%, indicating ongoing price expansion [1] Employment and Orders - The employment index rose marginally to 46.8%, but continues to reflect contraction, suggesting companies are still opting for layoffs to manage costs [1][2] - The backlog of orders index increased to 47.1%, indicating a slight easing in the contraction of backlogged orders [1] Supplier and Inventory Dynamics - The supplier delivery index recorded 56.1%, up from 55.2% in April, indicating slower deliveries, which is typically associated with economic recovery and increased customer demand [2] - The inventory index dropped significantly from 50.8% in April to 46.7%, entering a contraction phase [2] External Demand and Export Orders - The new export orders index fell to 40.1%, down 3 percentage points from April, while the import index plummeted to 39.9%, a drop of 7.2 percentage points, reflecting weakened external demand [2] - The overall manufacturing GDP shows that 57% is in contraction, significantly higher than April's 41% [3] Sector Performance - Only the petroleum and coal products and machinery sectors experienced expansion in May, while seven sectors contracted, including paper products and transportation equipment [3] - The sectors that showed growth include plastics and rubber products, nonmetallic mineral products, and electrical equipment [3] Business Sentiment and Challenges - Manufacturers report that tariffs, economic uncertainty, and supply chain issues are ongoing challenges affecting their operations [4] - Companies are in a "wait-and-see" mode, with business activities slowing down due to price instability and uncertain trade policies [4] - Concerns about potential supply shortages in consumer goods persist if trade agreements between the U.S. and China are not reached [4]