Group 1 - The core point of the article is that Luzhou Tianhua plans to acquire 100% equity of Luzhou Hongsheng Chemical Park Operation Service Co., Ltd. from its affiliate, Jin Tianhong Company, to expedite the construction of a green fine chemical project [1] - The green fine chemical project has an annual capacity of 100,000 tons and is located in the western area of the Luzhou Tianhua Chemical Park, covering approximately 325 acres [1] - The estimated price for the acquisition of relevant equipment and facilities is 79.7251 million yuan, with a subsequent payment of approximately 270 million yuan for the remaining 40% of the transfer fee [1] Group 2 - Luzhou Tianhua plans to utilize the land of Luzhou Hongsheng to develop green fine chemical industries, new fertilizer industries, and establish research and development experimental bases [2] - The company aims to create a combination effect of research, experimentation, and production to form new profit growth points [2] - This strategy will support the establishment of an industrial cycle involving new efficient fertilizers, crop planting processing, fine chemical product production, potassium mining, and new efficient fertilizers [2]

近日，在镇江奇美化工有限公司（以下简称"奇美化工"）圌山区厂区西北角，一处长方形的水池引 人注意，旁边两台水泵通过管道与水池相连接。 近日，在位于新材料产业园内的优利德（江苏）化工有限公司（以下简称"优利德"）越河街厂区的 西南角，远处的生产装置将副产盐酸通过管道连接着四个容积1000立方米的盐酸储罐，旁边的槽罐车正 等待着将储罐中的盐酸运送至指定企业。 为消耗副产液氯，优利德于2020年9月开始建设年产10万吨氯化石蜡产业链延伸技改项目，当前项 目已完成竣工验收。 优利德环境科科长徐智晶介绍，该项目以液氯和石蜡为原料，采用氯化工艺生产氯化石蜡，在此反 应过程中会产出盐酸，盐酸是危险化学品，若直接处置只能作为危废，将造成高额的处置费用以及巨大 的资源浪费。为减少危废产生，优利德根据国家标准，将副产盐酸作为副产品销售，通过建设盐酸储 罐，将副产的盐酸进行收集再转运至需要的企业，用于金属表面酸洗等。项目每年副产盐酸约15.9万 吨。 优利德10万吨氯化石蜡产业链延伸技改项目是镇江经开区高质量推进无废城市建设的生动缩影。 2024年镇江经开区完成2项计划内工程项目、11个无废细胞建设指标等重点建设任务，完成423家 ...

Core Viewpoint - The company has announced its profit distribution plan for the fiscal year 2024, which includes a cash dividend of 5.00 RMB per 10 shares for all shareholders, with a total distribution amount of approximately 1.68 billion RMB [1][2]. Group 1: Profit Distribution Plan - The profit distribution plan was approved at the shareholders' meeting held on April 14, 2025, and will be based on the total share capital as of the record date [1]. - The total number of shares eligible for distribution is 3,356,567,311 shares, leading to a total cash dividend of 1,678,283,655.50 RMB [1][4]. - The cash dividend per share after the distribution will be calculated as 0.4982072 RMB per share [1][4]. Group 2: Adjustments and Conditions - The distribution amount will be adjusted if there are changes in the total share capital due to share buybacks or other corporate actions before the record date [2]. - The company will not issue new shares or bonus shares this year, and any undistributed profits will be carried forward to future distributions [1][2]. - The record date for the dividend distribution is set for June 6, 2025, with the ex-dividend date on June 9, 2025 [3]. Group 3: Taxation and Distribution Method - The cash dividend will be subject to different tax rates based on the type of shareholder, with specific provisions for Hong Kong investors and domestic investors [2][3]. - The distribution will be directly credited to the shareholders' accounts through their custodial securities companies [3][4].

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) and its subsidiaries have applied for a patent related to a method for pre-treatment of molecular sieve products, indicating ongoing innovation in the molecular sieve technology sector [1][2]. Company Overview - China Petroleum & Chemical Corporation (Sinopec) was established in 2000, located in Beijing, primarily engaged in petroleum, coal, and other fuel processing industries. The company has a registered capital of approximately 12.17 billion RMB and has invested in 254 enterprises, participated in 5,000 bidding projects, and holds 5000 patent records [1]. - Sinopec Catalyst Co., Ltd. was founded in 2013, based in Beijing, focusing on wholesale activities with a registered capital of 150 million RMB. The company has invested in 12 enterprises, participated in 2,175 bidding projects, and holds 855 patent records [2]. - Sinopec Nanjing Catalyst Co., Ltd. was also established in 2013, located in Nanjing, primarily engaged in the manufacturing of chemical raw materials and products, with a registered capital of 25 million RMB. The company has participated in 450 bidding projects and holds 60 patent records [2]. Patent Details - The patent application titled "A Method for Pre-Treatment of Molecular Sieve Products" was filed on November 2023, focusing on a method that involves pre-treating a mixture of molecular sieve raw powder and gel solvent to obtain a precursor. The process is conducted in high-speed mixing equipment with a rotor and inner cylinder speed difference of ≥5 m/s, resulting in a homogeneous and dense precursor, leading to a stable molecular sieve product with good crushing strength [1].

Industry Overview - N-propanol, also known as 1-propanol, is a colorless and transparent liquid widely used in coatings, paints, adhesives, cosmetics, plastics, and disinfectants, as well as in food and feed additives, synthetic fragrances, cleaning agents, preservatives, and brake fluids [1][2][3] - The production capacity of n-propanol in China has been increasing, with current capacity reaching approximately 270,000 tons, and the total production supply expected to rise from 109,300 tons in 2019 to 200,800 tons in 2024 [5][11] Supply Side - The domestic n-propanol industry has historically relied on imports due to insufficient local production capacity, with major import sources including the United States, Taiwan, and South Africa [7] - The total import volume of n-propanol in China increased from 30,400 tons in 2010 to 92,300 tons in 2019, but has since declined to between 30,000 and 50,000 tons from 2020 to 2024 due to increased domestic production and anti-dumping measures [7][9] Market Price Analysis - The market price of n-propanol in China has shown fluctuations but has remained within a range of 7,400 to 7,800 yuan per ton in the first half of 2024, with a notable increase in November 2024, reaching approximately 10,650 yuan per ton [9][11] Demand Side - N-propanol is primarily used to produce propyl acetate, accounting for 65% of the market share, followed by pharmaceutical and pesticide intermediates at 25%, and environmental solvents at 10% [11][19] - The demand for n-propanol is expected to grow due to the expansion of downstream products, particularly propyl acetate, which is projected to create a supply-demand imbalance, leading to potential price increases [11][19] Competitive Landscape - Major domestic producers of n-propanol include Sanwei Chemical, Luxi Chemical, and Nanjing Rongxin Chemical, with Sanwei Chemical holding the largest production capacity of around 100,000 tons [13][15][17] - The overall production capacity in the industry is stable at approximately 270,000 tons, with key players expanding their market share and production capabilities [13][15] Future Trends - The market demand for n-propanol is expected to continue growing, driven by the rapid development of downstream industries such as coatings, inks, and adhesives, as well as the increasing use of n-propanol as an environmentally friendly solvent [19][21] - The reliance on imports is decreasing as domestic production capacity expands, and the industry is moving towards greener, low-carbon production methods, enhancing overall competitiveness [20][21]

Summary of Key Points Core Viewpoint The company is adjusting part of its fundraising projects and changing the use of some raised funds to optimize resource allocation and enhance operational efficiency, which aligns with its strategic development goals and benefits all shareholders [21][22]. Group 1: Fundraising Overview - The company has received approval from the China Securities Regulatory Commission for its initial public offering, raising a total of RMB 340.24 million by issuing 16.11 million shares at RMB 21.12 each [1]. - The funds are stored in a dedicated account, and a tripartite supervision agreement has been signed with the sponsor and the supervising bank [2]. Group 2: Actual Use of Funds - As of May 23, 2025, the company has invested RMB 39.84 million in various projects, with a remaining balance of RMB 11.02 million in unutilized funds [3][5]. - The main projects include the construction of an environmentally friendly water-based printing glue production base and a headquarters and R&D center [3]. Group 3: Adjustments to Fundraising Projects - The company plans to relocate its R&D center to an existing production base to improve management and reduce operational costs while maintaining the same investment amount [6][7]. - The adjustment aims to enhance collaboration between production and R&D, supporting the development of high-performance silicon-based materials [6][7]. Group 4: Changes in Project Investment - The company is merging two projects into one, increasing the annual production capacity from 15,000 tons to 27,750 tons for environmentally friendly water-based printing glue [8][9]. - The total investment for the merged project is set at RMB 20.83 million, with a proposed fundraising amount that matches the previous projects' total [9][10]. Group 5: Economic Benefits and Feasibility - The merged project is expected to generate an average annual sales revenue of RMB 37.72 million, with a financial internal rate of return of 13.75% and a net present value of RMB 2.68 million [12][14]. - The project aligns with national policies promoting green and sustainable development, enhancing the company's competitive edge in the market [15][16]. Group 6: Approval and Compliance - The adjustments have been approved by both the board of directors and the supervisory board, ensuring compliance with relevant regulations and guidelines [21][22]. - The sponsor has confirmed that the adjustments will not harm the interests of the company or its minority shareholders and will not adversely affect current operations [22].

聚胶新材料股份有限公司 投资者关系活动记录表 证券简称：聚胶股份证券代码：301283 编号：2025-003 2.陈总好，贵司主要客户包括金佰利、Drylock、恒安、日本大王、 Essity、维达、宝洁等龙头企业，目前上述公司存在二供吗？贵司在上 述客户中还有多少抢占空间？还有哪些新客户在开拓？ 答:尊敬的投资者，您好！公司已进入金佰利、Drylock、恒安、日 本大王、Essity、维达、Ontex、宝洁等主要客户的合格供应商体系，与 其开展了不同程度的合作，并持续深化合作。客户为了其供应链安全， 一般不会只有唯一供应商。上述客户占了大部分的市场份额，目前，公 司在上述客户仍具有不同程度的可开拓空间。感谢您对公司的关注！ 3.廖总好，贵司股东郑朝阳接二连三的发减持计划公告，是不看好 公司发展前景吗？贵司有投资价值提升计划吗？ 答:尊敬的投资者，您好！股份的买卖属于所有股东享有的基本权利 和自由，郑朝阳先生根据自身资金需求和规划进行减持，公司严格按照 规定履行减持计划的相关披露义务。公司高度重视长期投资价值的提升， 积极应对市场变化，不断夯实并发挥公司自身的核心竞争力。一方面， 公司持续加强并扩大经验丰富 ...

Core Viewpoint - The company has successfully completed small batch orders for its flexible sensors, indicating strong market recognition and demand in the industrial inspection and robotics sectors [1] Group 1 - The company's flexible sensor (electronic skin) pilot line has reached operational status and is now in production [1] - The company has engaged with leading clients in the industrial inspection and robotic dexterous hand fields, achieving high levels of technical and market recognition [1] - The pilot line is capable of meeting current market demands, and the company plans to adjust production capacity in response to market changes [1]

Core Insights - The company emphasizes the importance of employees as the primary capital and the driving force behind technological innovation and self-reliance in the chemical industry [1] - The company has implemented various measures to stimulate employee innovation and integrate the innovation chain with the industrial chain [1] Group 1: Employee Innovation Initiatives - The company conducts regular innovation competitions focusing on small inventions, designs, and suggestions to address production challenges, engaging production and technical personnel [1] - The company promotes a culture of innovation through activities like "master-apprentice" training and skills competitions, fostering the development of versatile technical talents [1] - Successful models created by employees, such as specialized loading platforms and wastewater treatment devices, have received positive feedback from judges, enhancing employee engagement and innovation [1] Group 2: Technological Advancements - The company is committed to technological innovation, developing products like TY-650 for producing gas-solid phase chlorinated polyvinyl chloride, which enhances the processing capabilities of specialty resins [2] - The company’s specialty resins, TY-700 and TY-800, have a porosity of 10%, meeting advanced industry standards [2] - The company has applied for 70 patents and has been granted 57, demonstrating a strong focus on patent conversion and innovation [2]

Core Viewpoint - The company, Dao Sheng Tian He, is facing significant challenges in its IPO journey due to concerns over profitability, governance, and research and development capabilities, despite holding a leading position in the wind power blade epoxy resin market globally [1][9]. Financial Performance - The company's revenue from 2022 to 2024 shows fluctuations, with figures of 3.436 billion, 3.202 billion, and 3.238 billion yuan respectively, while net profits were 108 million, 152 million, and 155 million yuan [2][3]. - The operating income for 2024 is projected at 3.238 billion yuan, with a net profit of 155 million yuan, indicating a stagnation in profit growth despite revenue increases [3][9]. - The company has a high dependency on government subsidies, which accounted for 5.74%, 11.95%, and 11.75% of total profits from 2022 to 2024, raising concerns about the sustainability of its profitability [4]. Customer and Supplier Concentration - Dao Sheng Tian He has a high customer concentration, with the top five customers accounting for 68.19% to 72% of sales from 2022 to 2024, which poses risks to long-term stability [10][11]. - The company also relies heavily on a few suppliers, with the top five suppliers making up 50.61% to 69.60% of total procurement, indicating a lack of bargaining power [10][12]. Research and Development - The company's R&D expenditures from 2022 to 2024 were 94.07 million, 102 million, and 87.69 million yuan, with R&D as a percentage of revenue decreasing from 3.18% to 2.71%, suggesting insufficient investment in innovation [8][9]. Governance and Compliance Issues - Dao Sheng Tian He has faced internal governance challenges, including disputes over shareholding and compliance with disclosure regulations, which could hinder its IPO process [17][21]. - The company has been involved in litigation related to its operations, which raises concerns about its operational stability and transparency [18][19]. Market Position and Future Outlook - Despite its current challenges, the company is positioned to benefit from the government's focus on green and low-carbon development initiatives, which could provide new opportunities for growth in the renewable energy sector [22].