该公司主营业务为汽车涂料及相关产品的研发、生产和销售。产品广泛应用于乘用车、商用车、工程机 械等领域。 东来技术7月31日报收25.44元，较前一交易日下跌1.97%。当日成交量为7687手，成交金额达0.2亿元。 风险提示：投资有风险，入市需谨慎。 7月31日晚间，东来技术发布公告称，公司2025年第一次临时股东会审议通过了《关于补选第三届董事 会非独立董事的议案》等多项议案。 ...

Core Insights - Axalta Coating Systems reported revenue of $1.31 billion for the quarter ended June 2025, a decrease of 3.4% year-over-year, with EPS at $0.64, up from $0.57 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $1.32 billion, resulting in a surprise of -1.33%, while the EPS exceeded the consensus estimate of $0.61 by 4.92% [1] Financial Performance - Total sales in Performance Coatings were $836 million, below the average estimate of $872.1 million, reflecting a year-over-year decline of 5.8% [4] - Total sales in Mobility Coatings reached $469 million, slightly above the average estimate of $463.08 million, marking a year-over-year increase of 1.1% [4] - Sales in Mobility Coatings for commercial vehicles were $107 million, compared to an estimate of $100.02 million, showing a decline of 2.7% year-over-year [4] - Sales in Performance Coatings for industrial applications were $322 million, below the average estimate of $327.45 million, representing a year-over-year decrease of 5.6% [4] - Sales in Mobility Coatings for light vehicles were $362 million, slightly below the estimate of $363.06 million, with a year-over-year increase of 2.3% [4] - Sales in Performance Coatings for refinish applications were $514 million, below the average estimate of $544.4 million, reflecting a year-over-year decline of 5.9% [4] - Adjusted EBIT for Mobility Coatings was $92 million, exceeding the estimate of $74.79 million [4] - Adjusted EBIT for Performance Coatings was $200 million, below the average estimate of $209.59 million [4] Market Performance - Axalta Coating Systems' shares have returned -5.9% over the past month, contrasting with the Zacks S&P 500 composite's increase of 3.4% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

表决结果：通过。 | 证券代码：000565 证券简称：渝三峡 A | | | | | 公告编号：2025-043 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 重庆三峡油漆股份有限公司 | | | | | | | | | | | | 本公司及董事会全体成员保证信息披露内容的真实、准确、完整， | | | | | | | | | | | | 没有虚假记载、误导性陈述或重大遗漏。 特别提示： | | | | | | | | | | | | 一、会议召开情况 | | | | | | | | | | | | （一）现场会议召开时间：2025 年 7 日（星期三）14:00。 | | 月 | 30 | | | | | | | | | 网络投票时间：2025 年 7 月 30 日。其中： | | | | | | | | | | | | 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 | | | | | 年 7 月 30 | | | | | | | 日 9:15-9:25，9:30-11:3 ...

国浩律师（重庆）事务所 关于 重庆三峡油漆股份有限公司 法律意见书 中国重庆市江北区江北城西大街 25 号平安财富中心 8 楼 邮编：400023 电话/Tel: +8623 8679 8588 6775 8383 传真/Fax: +8623 8679 8722 网址/Website: http://www.grandall.com.cn 法律意见书 国浩律师（重庆）事务所 关于重庆三峡油漆股份有限公司 致：重庆三峡油漆股份有限公司 国浩律师（重庆）事务所（以下简称"本所"）系经重庆市司法局 批准成立的法律服务执业机构，持有重庆市司法局颁发的第 托，指派本所律师出席贵公司于 2025 年 7 月 30 日召开的 2025 年第二 次临时股东会（以下简称"本次股东会"），并根据《中华人民共和国 公司法》（以下简称《公司法》）、《上市公司股东会规则》（以下简 称《股东会规则》）和《深圳证券交易所上市公司股东会网络投票实施 细则》等法律、行政法规、规范性文件及《重庆三峡油漆股份有限公司 章程》（以下简称《公司章程》）的有关规定，就贵公司本次股东会的 召集、召开程序的合法性、出席会议人员资格和会议召集人资格的合法 性 ...

Core Viewpoint - Qingdao High-tech Zone is making significant strides in green development, with 7 enterprises selected as green factories for 2025, contributing to a total of 23 city-level, 4 provincial-level, and 7 national-level green factories [1] Group 1: Green Factory Initiatives - The concept of "green factory" represents advanced levels of green development in manufacturing, focusing on land efficiency, harmless raw materials, clean production, waste resource utilization, and low-carbon energy [5] - Zhongyuan Jordan Marine Coatings (Qingdao) has implemented solar panels that generate 438,000 kWh annually, accounting for 10% of its energy consumption, and reducing CO2 emissions by approximately 292 tons per year [3][4] - Pangu Intelligent Manufacturing Co., Ltd. has optimized its product design and production processes, significantly reducing raw material and energy consumption while promoting waste recycling [6] Group 2: Collaborative Development - The AstraZeneca inhalation aerosol production base project is being developed as a "zero-carbon factory" following LEED green building standards, showcasing advanced green and intelligent technologies [8] - Qingdao High-tech Zone is implementing a pollution reduction strategy by creating an ecological chain for waste management, exemplified by Qingdao Yibang Bioengineering Co., Ltd., which has innovated waste chicken embryo treatment to achieve 100% resource utilization [9] Group 3: Waste Management and Cost Reduction - Qingdao High-tech Zone is promoting comprehensive waste utilization to lower costs for enterprises, with CRRC Qingdao Sifang achieving a significant reduction in hazardous waste generation through ecological transformation [10] - The "no-waste factory" initiative has led to a comprehensive utilization rate of 99.71% for general industrial solid waste and 95% for hazardous waste in the chemical industry [11] Group 4: Policy Support and Environmental Impact - Qingdao High-tech Zone has introduced policies to support enterprises in green transformation, offering financial incentives for technological upgrades and recognition of green manufacturing achievements [11] - Over the past five years, the industrial value-added growth rate has averaged 14.7%, while sulfur dioxide emissions have decreased by 93.4% and nitrogen oxides by 30.3% [11]

Financial Data and Key Metrics Changes - The company reported net sales of $4.2 billion, with an organic sales increase of 2% [7] - Adjusted earnings per diluted share were $2.22, and the quarterly segment EBITDA margin was 20.3% [8] - The company repurchased approximately $150 million of stock during the quarter, totaling $540 million year-to-date [8][19] Business Line Data and Key Metrics Changes - In the Global Architectural Coatings segment, positive selling prices were offset by lower volumes and the impact of a divestiture [9] - The Performance Coatings segment achieved record net sales and earnings, with a 6% increase in organic sales driven by higher selling prices and sales volumes [11] - Protective and Marine Coatings delivered double-digit percentage organic sales growth, marking the ninth consecutive quarter of positive year-over-year sales volume growth [13] Market Data and Key Metrics Changes - Organic growth was delivered in both the United States and Latin America, while demand in Europe was tepid and some softening was noted in Asia [8] - In Architectural Coatings Latin America, organic sales growth was seen in Mexico, aided by solid retail sales [10] - The company expects project-related spending in Mexico to improve as the year progresses [10] Company Strategy and Development Direction - The company is committed to using its strong balance sheet for shareholder value creation and has raised its quarterly dividend per share by 4% [8][19] - The company anticipates continued growth in its Performance Coatings segment, driven by technology advantages in Aerospace and Protective and Marine [20] - The company is focused on aggressive self-help and discretionary cost management programs to drive future growth [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the dynamic macro environment, expecting sales and earnings growth momentum for the second half of the year [19] - The company is monitoring the tariff situation and plans to react accordingly with pricing actions to mitigate financial impacts [19] - Management expects to achieve high single-digit percentage year-over-year earnings growth for the second half of the year [21] Other Important Information - The company retired €300 million of debt during the quarter and has another €600 million of euro debt maturing in the fourth quarter [19] - The company is investing in both OpEx and CapEx in aerospace to support continued growth [11] Q&A Session Summary Question: Global Architectural Coatings segment performance - Management noted that Eastern Europe did not recover as expected, impacting overall performance, but there was positive momentum in the Nordic region and the UK [26][28] Question: Volume growth expectations for Q3 and Q4 - Management expects low single-digit volume growth to continue into the second half of the year [34][35] Question: Outlook for Performance Coatings and Refinish - Management anticipates a soft Q3 for Refinish due to distributor order patterns but expects normalization in Q4 [39] Question: Raw material pricing and inflation - Management explained that raw material inflation is influenced by the company's significant operations in Mexico and specific material costs like epoxy [44][45] Question: Buyback activity and M&A plans - Management confirmed ongoing buyback activity and indicated that there are no significant M&A plans on the horizon [48][49] Question: Outlook for auto OEM and production dynamics - Management highlighted share gains and long-term fundamentals in the auto OEM sector, expecting to outperform the industry [92][94] Question: Architectural margins and cost impacts - Management discussed the mix impact from Mexico and the normalization of FX impacts in the second half of the year [107][108]

Financial Data and Key Metrics Changes - Axalta reported net sales of just over $1.3 billion, in line with guidance, with adjusted EBITDA reaching $292 million and margins exceeding 22%, marking the fifth consecutive quarter of adjusted EBITDA margins at or above the 21% target [7][17][28] - Adjusted diluted earnings per share increased by 5% to $0.64, driven by lower interest expenses and reduced shares outstanding due to share repurchases [19][28] - Cash flow from operations increased by 25% year over year, resulting in free cash flow of $101 million [8][19] Business Line Data and Key Metrics Changes - Performance Coatings net sales declined by 6% year over year to $836 million, primarily due to lower volumes and unfavorable price mix in North America [20] - Refinish net sales decreased by 6% to $514 million, with organic sales down in high single digits due to industry softness and distributor inventory corrections [20][21] - Mobility Coatings reported net sales of $469 million, a 1% increase from the prior year, with organic sales contributing approximately 2% growth [23] Market Data and Key Metrics Changes - The Refinish market in North America faced challenges, with collision claims reported through Q1 significantly lower, despite collision frequency remaining stable [9][10] - Inflationary pressures are beginning to moderate, particularly in repair expenses and insurance premiums, which may lead to an improved repair environment [12] - The company continues to gain market share, adding 1,600 net new body shops year to date, building on over 2,800 wins in 2024 [11][32] Company Strategy and Development Direction - Axalta remains focused on its A Plan strategy, emphasizing operational excellence and cost management, which has driven approximately $40 million in cost savings [14][29] - The company is committed to achieving zero incidents in safety, improving its safety record by 55% year over year [14] - Axalta plans to expand its digital platform, Nimbus, to 40,000 body shops by 2026, enhancing customer engagement and operational efficiency [32] Management's Comments on Operating Environment and Future Outlook - Management anticipates that the softer demand environment will persist longer than previously expected, with net sales projected to decline in the low single digits for Q3 [26][28] - The company expects adjusted EBITDA margins to remain around 22% or above for the full year, reflecting disciplined execution and pricing resilience [28] - Management remains optimistic about the long-term growth trajectory, particularly in the Refinish and Mobility segments, despite current market challenges [30][34] Other Important Information - Axalta executed $65 million in share repurchases during the quarter and plans to maintain this pace throughout the year [8][25] - The company has streamlined operations by closing three manufacturing plants in the last year, positioning itself for growth when industry volumes rebound [14][34] Q&A Session Summary Question: Assessment of the Refinish market challenges - Management noted that while accidents are down 1% to 2%, claims are lower due to rising insurance costs and repair expenses, but they expect stabilization in the market by 2026 [39][41][44] Question: Update on cost improvement and margin story - Management expressed optimism about ongoing cost improvements and operational excellence, indicating that there is still significant potential for margin growth [46][49][52] Question: Organic net sales performance relative to industry - Axalta's organic sales were down about 3%, with Mobility performing well, while Refinish faced challenges primarily in North America [56][59] Question: Impact of auto sales pull forward on production - Management indicated that while North America faced some customer shutdowns, growth continued in China and Latin America, with expectations for consistent volumes moving forward [64][66] Question: Incremental revenue from new body shop wins - Management highlighted that they have added 1,600 new body shops year to date, with a strong focus on mainstream and economy segments, which aligns with their growth strategy [70][72] Question: Concerns about Refinish top-line performance - Management reassured that the current performance is temporary, with ongoing wins in Refinish and expectations for market improvement [75][76] Question: Future growth opportunities and portfolio adjustments - Management plans to provide a new A Plan by early next year, outlining growth opportunities and potential portfolio adjustments [84][85]

格隆汇7月30日丨集泰股份(002909.SZ)在互动平台表示，目前，公司暂未推出专门针对特高压领域的绝 缘子涂料产品。公司将结合行业需求和技术发展趋势，持续评估相关市场机会并开展技术储备。 ...

Core Points - The implementation of the new mandatory 3C certification for imported paint products in China signifies higher safety and environmental standards for these products, enhancing consumer protection [1] - Laurentide®, a Canadian eco-friendly paint brand, has successfully obtained the 3C certification, allowing it to comply with the new regulations and enter the Chinese market [1][6] - The certification process for Laurentide® involved rigorous testing of environmental indicators such as formaldehyde, VOCs, and heavy metals, demonstrating its high manufacturing standards and quality assurance [6] - Established in 1950, Laurentide® has a 75-year history in the North American market, focusing on high-performance water-based paints, and is known for its strict quality control and color performance [9] - MAjOR, the exclusive agent for Laurentide® in China, emphasizes its commitment to high standards in imported building materials and aims to introduce more international quality brands to promote a greener and safer home environment in China [13]

Core Viewpoint - The 2025 China International Coatings Exhibition aims to promote the green transformation of the coatings industry through technological innovation, creating a high-end platform for global collaboration and development [1][11]. Industry Overview - The exhibition will take place from September 3 to 5, 2025, at the Shanghai New International Expo Center, focusing on "Quality Development and Technological Empowerment" [1]. - Since its inception in 1995, the exhibition has successfully held 22 sessions, becoming a renowned event in the Asia-Pacific region, covering the entire coatings industry chain [4]. Exhibition Highlights - The exhibition will feature eight major exhibition areas, with four core areas emphasizing technological innovations in green coatings [6]. - Raw Materials Area: Showcasing low-carbon products such as water-based resins and bio-based solvents, highlighting the shift towards sustainable materials [6]. - Green Coatings Area: Presenting environmentally friendly products like waterborne and powder coatings, addressing the increasing demand for high-performance solutions in various applications [6]. - Intelligent Manufacturing Area: Featuring smart coating equipment and online detection systems that enhance production efficiency and quality control [6]. - Green Supply Chain Area: Integrating services from laboratory equipment to application, promoting a comprehensive service system for sustainable development [6]. Professional Activities - Over 20 professional events will be held during the exhibition, including the "2025 China Coatings Summit" and the "International Coatings Innovation Forum," aimed at fostering innovation and collaboration [8]. - The event will facilitate supply-demand matching between procurement teams from industries like automotive and real estate and leading coatings companies [8]. Sustainability Initiatives - The exhibition emphasizes the construction of a green supply chain, showcasing eco-friendly surface treatment technologies and new products like formaldehyde-free coatings [9]. - It aims to align with the "dual carbon" strategy, promoting the integration of green building materials with the new energy industry [9]. Future Outlook - The exhibition is positioned as a key driver for the coatings industry's green development and innovation, expected to inject new vitality into the sector amidst a changing global landscape [11].