证券代码：301003 证券简称：江苏博云 江苏博云塑业股份有限公司 投资者关系 活动类别 特定对象调研 □媒体采访 □新闻发布会 □专场机构交流会 □其他 □分析师会议 业绩说明会 □路演活动 □现场参观 参与单位名称及 人员姓名 招商证券 葛小川 华创证券 申起昊 财通证券 韩家宝 华富基金 邓贤波 东吴证券 程颙 上海证券 刘阳东 时间 2025 年 5 月 28 日 地点 公司会议室 上市公司接待 人员姓名 董事会秘书、财务负责人邓永清 证券事务代表杨玉婷 投资者关系管理 薛炜 投资者关系活动 主要内容介绍 1、新的募投项目预计一条产线一年对应多少产能？ 回复：2024 年末公司募投项目"研发测试中心及实验室建设项目" 及募投项目"改性塑料扩产及塑料制品成型新建项目"中的 4 条挤 出机生产线达到预定可使用状态，4 条新的生产线整体产能为 3 万 吨。 2、公司的马来西亚生产基地，主要生产什么材料？ 回复：马来西亚子公司生产基地今年进行了搬迁改造，由原来的租 赁物业改为购买自有物业，其主要业务是色母粒生产，同时也预留 了改性塑料生产的空间。 3、公司是否涉足机器人领域，有无相关业务？ 回复：公司目前产 ...

证券代码：300305 证券简称：裕兴股份 公告编号：2025-033 债券代码：123144 债券简称：裕兴转债 江苏裕兴薄膜科技股份有限公司 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。 一、担保情况概述 江苏裕兴薄膜科技股份有限公司（以下简称"公司"）于 2025 年 4 月 15 日召 开第六届董事会第八次会议，于 2025 年 5 月 7 日召开 2024 年年度股东大会，分 别审议通过了《关于公司 2025 年度担保额度预计的议案》，同意公司为控股子 公司常州福洛力新能源材料科技有限公司（以下简称"常州福洛力"）向银行申请 综合授信提供不超过人民币 5,000 万元的担保。具体内容详见公司在中国证监会 指定的创业板信息披露网站发布的《关于公司 2025 年度担保额度预计的公告》 （公告编号：2025-020）。 二、担保进展情况 近日公司与交通银行股份有限公司常州分行签署保证合同，为公司控股子公 司常州福洛力在交通银行股份有限公司常州分行申请综合授信提供连带责任保 证，担保金额不超过人民币 1,176 万元。 成立日期：2023 年 9 月 15 ...

1. Report Industry Investment Rating - No relevant content provided. 2. Core View of the Report - The report presents a comprehensive analysis of various asset classes and industries. It maintains the view of more volatility and a preference for safe - haven assets overseas, and a structural market in China. It suggests strategic allocation of gold and non - US dollar assets. Overseas, the US inflation expectation structure is stable with short - term fundamental resilience, while in China, the growth - stabilizing policies maintain their stance, and the export resilience and tariff relaxation support the Q2 economic growth. Different industries and asset classes are expected to show different trends, mostly in a state of oscillation [6]. 3. Summary by Related Catalogs 3.1 Macro Highlights - **Overseas Macro**: Tariff and US debt concerns are the main drivers of market volatility in May. The EU has requested an extension of the tariff negotiation deadline to July 9, which was approved by President Trump. The US House of Representatives passed a large - scale tax - cut and spending bill, increasing concerns about US debt. US retail sales in April increased slightly by 0.1%, and the May manufacturing and service PMIs were better than expected [6]. - **Domestic Macro**: April's domestic economic data showed resilience, and policy expectations were generally stable. The China - ASEAN Free Trade Area 3.0 negotiation was completed. The 1 - year and 5 - year - plus LPRs were both cut by 10BP in May, and major state - owned banks lowered deposit rates. Investment and consumption growth in April slightly slowed down but remained resilient. Fixed - asset investment from January to April increased by 4.0% year - on - year, and social consumer goods retail总额 increased by 5.1% year - on - year in April [6]. - **Asset View**: In the large - scale asset category, the report maintains the view of more volatility and a preference for safe - haven assets overseas and a structural market in China. It suggests strategic allocation of gold and non - US dollar assets. In the overseas market, the US inflation expectation structure is stable, and the short - term fundamentals are resilient. In the Chinese market, the growth - stabilizing policies maintain their stance, and the export resilience and tariff relaxation support the Q2 economic growth. Bonds have allocation value after the capital pressure eases, and stocks and commodities are expected to oscillate in the short term [6]. 3.2 View Highlights Financial Sector - **Stock Index Futures**: The proportion of small - cap and micro - cap trading volume shows a downward trend, and the stock index discount is converging, with an expected oscillation [7]. - **Stock Index Options**: The short - term market sentiment is positive, and attention should be paid to the option market liquidity, with an expected oscillation [7]. - **Treasury Bond Futures**: The bond market may continue to oscillate, and attention should be paid to changes in the capital market and policy expectations, with an expected oscillation [7]. Precious Metals - **Gold/Silver**: The progress of China - US negotiations exceeded expectations, and precious metals continued to adjust in the short term. Attention should be paid to Trump's tariff policy and the Fed's monetary policy, with an expected oscillation [7]. Shipping - **Container Shipping on the European Route**: Attention should be paid to the game between the peak - season expectation and the implementation of price increases. The short - term trend is expected to oscillate, and attention should be paid to tariff policies and shipping company pricing strategies [7]. Black Building Materials - **Steel**: Demand continues to weaken, and both futures and spot prices are falling. Attention should be paid to the progress of special bond issuance, steel exports, and molten iron production, with an expected oscillation [7]. - **Iron Ore**: The arrival of shipments has been continuously low, and port inventories have decreased slightly. Attention should be paid to overseas mine production and shipments, domestic molten iron production, weather factors, and port inventory changes, with an expected oscillation [7]. - **Coke**: The second - round price cut has started, and coke enterprises are having difficulty in shipping. Attention should be paid to steel mill production, coking costs, and macro - sentiment, with an expected oscillation and decline [7]. - **Coking Coal**: The pressure to reduce inventory is increasing, and market sentiment is low. Attention should be paid to steel mill production, coal mine safety inspections, and macro - sentiment, with an expected oscillation and decline [7]. Non - ferrous Metals and New Materials - **Copper**: Inventory continues to accumulate, and copper prices oscillate at a high level. Attention should be paid to supply disruptions, domestic policy surprises, the Fed's less - dovish than expected stance, and weaker - than - expected domestic demand recovery, with an expected oscillation and increase [7]. - **Aluminum Oxide**: The event of revoking mining licenses has not been finalized, and the aluminum oxide market oscillates at a high level. Attention should be paid to the failure of ore production to resume as expected, the over - expected resumption of electrolytic aluminum production, and extreme market trends, with an expected oscillation and decline [7]. Energy and Chemicals - **Crude Oil**: The expectation of production increase is strengthened, and oil prices continue to face pressure. Attention should be paid to OPEC + production policies, the progress of Russia - Ukraine peace talks, and the US sanctions on Iran, with an expected oscillation and decline [9]. - **LPG**: Demand continues to weaken, and LPG maintains a weak oscillation. Attention should be paid to the cost progress of crude oil and overseas propane, with an expected oscillation and decline [9]. - **Ethylene Glycol**: Concerns about tariffs have subsided, and the over - expected scale of EG maintenance has boosted futures prices. Attention should be paid to the terminal demand for ethylene glycol, with an expected oscillation and increase [9]. Agriculture - **Livestock and Poultry**: The spot price of pigs stopped falling before the festival, but the futures market remained weak. Attention should be paid to breeding sentiment, epidemics, and policies, with an expected oscillation and decline [9]. - **Cotton**: Cotton prices oscillate slightly. Attention should be paid to demand and production, with an expected oscillation [9].

Financial Performance Summary - In 2024, the company achieved operating revenue of 333.00 million yuan, a year-on-year increase of 28.15% compared to 259.86 million yuan in 2023 [2] - The net profit attributable to shareholders was -22.65 million yuan, improving by 5.14% from -23.87 million yuan in the previous year [2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -31.88 million yuan, a decrease of 2.79% from -32.79 million yuan in 2023 [2] - The net cash flow from operating activities was 42.71 million yuan, showing a significant increase of 112.01% from 20.14 million yuan in the previous year [2] Q1 2025 Performance - For the first quarter of 2025, the company reported operating revenue of 7.44 million yuan, a year-on-year growth of 10.97% compared to 6.71 million yuan in the same period last year [3] - The net profit attributable to shareholders was -0.38 million yuan, worsening from -0.10 million yuan in the previous year [3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -0.47 million yuan, compared to -0.32 million yuan in the same period last year, reflecting a decline of 47.79% [3] - The net cash flow from operating activities was -2.67 million yuan, a significant decrease from 0.32 million yuan in the previous year [3] Company Background - The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on July 10, 2020, with an initial public offering of 25 million shares at a price of 13.99 yuan per share [4] - The total amount raised was 350 million yuan, with a net amount of 293 million yuan allocated for production capacity expansion projects [4]

Company Overview - Shandong Yuelong Rubber and Plastic Technology Co., Ltd. (Yuelong Technology) has been accepted for IPO on the Beijing Stock Exchange, with a proposed fundraising of 289 million yuan for new projects [3] - The company was established in 1989 and has a registered capital of 61 million yuan, focusing on the research, production, and sales of flexible pipelines and hose assemblies for fluid transportation [3][5] Financial Performance - The company's projected revenues for 2022, 2023, and 2024 are 189 million yuan, 219 million yuan, and 262 million yuan, respectively [6] - Net profits for the same years are expected to be 47.92 million yuan, 60.78 million yuan, and 84.14 million yuan, showing a consistent growth trend [6] - The gross profit margins are forecasted to increase from 51.97% in 2022 to 59.95% in 2024, indicating improved operational efficiency [6] Shareholding Structure - The chairman and general manager, Xu Jincheng, controls 73.79% of the company's shares, making him the controlling shareholder and actual controller [5] Employee Demographics - As of December 31, 2024, the company has 367 employees, with 93.46% being over 40 years old, indicating an experienced workforce [8]

此次投资旨在拓展公司业务领域。通过投资傅利叶，公司能够增强发泡材料的应用场景，推动新材料研 发以更好地满足新兴产业的需求。 据了解，润阳科技成立于2012年，2020年在深圳证券交易所上市，公司专注于环保发泡材料的研发、生 产与销售。 长江商报记者注意到，近年来，润阳科技的资产规模增长迅速。截至2025年一季度末，公司资产总额达 13.16亿元。同时，2025年以来，润阳科技股价强势上行。数据显示，截至2025年5月27日，公司股价年 内涨128.72%。 塑料厂商润阳科技（300920）(300920.SZ)正加快丰富公司产业布局。 5月26日，润阳科技公告，公司拟与上海傅利叶智能科技有限公司(下称"傅利叶")签订《投资意向协 议》，通过认缴标的公司新增注册资本额的方式进行投资。傅利叶投前整体估值为80亿元，润阳科技拟 以现金方式合计投资不超过3亿元。 对此，润阳科技表示，此次通过对傅利叶的投资，有利于拓展公司发泡材料的应用场景，使公司更紧密 地根据新兴产业的需求进行新材料研发，提升产品技术含量，有助于提升公司综合竞争力及优化公司业 务布局，符合公司战略发展规划，对公司的持续发展将产生积极影响。 五年研发费 ...

01 研修背景 随着PA66关键原料己二腈国产化全面投产以及高温尼龙、长链尼龙等特种材料的合成技术突 破，中国尼龙产业正加速向高端化、低碳化转型。与此同时，新能源汽车、电子电气、低空经 济、具身智能机器人等新兴场景对尼龙材料的耐高压、轻量化、阻燃等性能提出更高要求，同 时为尼龙改性配方设计、工艺优化及助剂产业带来了巨大的机遇和挑战。 在此背景下，DT新材料延续前七期的精彩，将于 2025年7月4-5日 在 宁波 举办《尼龙改性及 高性能化加工技术》高级研修班（第八期）。本次研修从大家关注的 高温尼龙、高性能助剂、 改性加工技术、创新配方设计、螺杆组合设计 等生产难题出发，为大家邀请到相关细分领域拥 有多年实战经验的行业专家，分享尼龙改性及高性能化加工技术的创新思路和实战经验，促进 企业的技术创新和产品质量提升。 02 研修组织 主办单位：DT新材料 协办单位：宁波德泰中研信息科技有限公司 03 研修大纲 7月4日（周五） 9:00-10:30 主题：高 温尼龙树脂的特性及改性对应 讲师：朱俊 上海北冈新材料有限公司副总经理 课程内容： 高温尼龙树脂 的改性路径如何设计？典型改性配方与工艺如何匹配？ 玻纤增强尼 ...

Overall Inspection Results - The inspection covered 13 product categories with a total of 200 batches, including fertilizers, agricultural films, plastic shopping bags, agricultural machinery, and more [3] - A total of 48 production enterprises and 131 distribution units were inspected, with 1 batch from a production enterprise and 12 batches from distribution units found to be non-compliant [3] Fertilizers - The inspection of fertilizers followed national standards such as GB/T 15063-2020 and GB/T 21633-2020, and no non-compliant products were found [4] Agricultural Films - The inspection of agricultural films revealed non-compliance in thickness and thickness deviation, based on standards GB 13735-2017 and GB/T 4455-2019 [4] Plastic Shopping Bags - Non-compliance was found in environmental requirements and thickness for plastic shopping bags, inspected under GB/T 21661-2020 and GB/T 38082-2019 [4] Agricultural Machinery - No non-compliance was detected in agricultural machinery, inspected according to JB/T 9822.1-2018 and JB/T 10749-2018 [5] Agricultural Submersible Pumps - The inspection of agricultural submersible pumps showed no non-compliance, following GB/T 25409-2010 and GB/T 2816-2014 standards [5] Fire Emergency Lighting - All fire emergency lighting products passed inspection, adhering to GB 17945-2010 standards [5] Fire Hoses - Fire hoses were compliant with GB 6246-2011 standards, with no non-compliance found [6] Fire Doors - Fire doors passed inspection based on GB 12955-2008 standards, with no issues reported [6] Electric Blankets - Electric blankets were compliant with GB 4706.1-2005 and GB 4706.8-2008 standards, showing no non-compliance [6] Indoor Heaters - Indoor heaters had issues with input power and current, as well as grounding measures, based on GB 4706.1-2005 and GB 4706.23-2007 standards [7] Down Jackets - No non-compliance was found in down jackets, inspected under GB/T 14272-2021 and GB 18401-2010 standards [7] Fireworks - Fireworks showed non-compliance in stability and ignition device components, based on GB 19593-2015 and GB 10631-2013 standards [8] Commodity Coal - All inspected commodity coal products were compliant with the relevant standards [9] Non-Compliant Enterprises - A list of non-compliant enterprises was provided, detailing specific products and non-compliance issues [10] Compliant Enterprises - A list of compliant enterprises was also provided, indicating that no issues were found during the inspection [11]

聚烯烃日报 | 2025-05-27 进出口方面，LL进口利润为-91.0元/吨（-10.0），PP进口利润为-574.5元/吨（+3.2），PP出口利润为17.7美元/吨（-0.3）。 下游需求方面，PE下游农膜开工率为14.1%（-2.6%），PE下游包装膜开工率为49.2%（+0.5%），PP下游塑编开工率 为45.7%（+0.4%），PP下游BOPP膜开工率为60.2%（+0.2%）。 下游需求跟进偏弱，盘面弱势整理。当前市场回归基本面交易，下游需求处于淡季，农膜开工率低位运行，包装 膜开工窄幅震荡，塑编、BOPP等行业开工略有上涨，传统消费淡季即将到来，终端工厂对原料采购积极性不高， 备货积极性一般，刚需采购为主。PE存量检修装置增多，PE供应端有所缓解，PP前期检修装置陆续重启，聚烯烃 上游生产库存去库，预计未来供应量将有所上涨。由于中美关税缓和，PDH制PP生产利润修复，关注停车装置重 启情况。 策略 单边：塑料谨慎偏空。 跨期：无。 风险 需求跟进偏弱，聚烯烃弱势整理 市场分析 价格与基差方面，L主力合约收盘价为7080元/吨（-5），PP主力合约收盘价为6929元/吨（-19），LL华北现货 ...

中化新网讯 5月13日，中煤鄂能化公司乌审召分公司应用国产催化剂在聚烯烃中心装置成功完成聚丙烯 抗冲产品转产，这在国内尚属首次，突破了国内同类产品生产长期依赖进口催化剂的技术瓶颈，标志着 聚丙烯抗冲产品生产实现了国产催化剂应用—工艺操作技术全体系自主可控，填补了我国在该领域特种 催化剂生产应用的空白。 面对制约行业发展的关键核心技术难题，中煤鄂能化公司与国内催化剂厂家开展多次技术交流，通过深 度整合催化剂生产企业的技术创新能力与鄂能化公司在生产运营、工艺技术领域的积淀，协同创新实现 催化剂关键技术突破，为国内同类企业提供了国产化方案。一是算法赋能精准预测。基于催化剂平行数 据对比分析，利用先进过程控制系统与已有工艺数学模型对转产过程进行模拟与预测，精准制定关键技 术控制指标；二是全流程风险管控。依托催化剂实验室、中试过程及结果分析，对催化剂性能风险、试 用过程风险进行再评估，制定专项技术管控措施，确保国产化试验风险可控；三是技术体系成果深入应 用。根据前期生产数据与技术经验总结，采用多项技术创新与工艺优化措施，系统性解决了国产催化剂 应用难、切换不稳定等问题以及单耗能耗高、低稳定性、过渡料多等技术瓶颈，为国产 ...