（文章来源：证券日报） 证券日报网讯 12月4日，华软科技在互动平台回答投资者提问时表示，公司近年来一直围绕精细化工主 业开展各项工作，积极开拓市场，通过精细化管理及降本增效等措施提升资产运营效率，努力改善公司 经营情况。目前公司也在积极探索新的业务增长点，优化资产结构等，以增强公司的核心竞争力和盈利 能力，致力于公司的可持续发展。 ...

行业分析指出，2025至2030年间，国内无水叔丁醇市场需求年均增速有望维持在6%-8%，其中电子级、 医药级和生物基应用将成为核心增长引擎。齐翔腾达此次精准卡位高端细分市场，不仅提升了产品溢价 能力，也有效对冲了基础化工品周期波动风险。 据悉，此次技改并非简单产能替换，而是瞄准下游高附加值应用场景的战略性升级。无水叔丁醇（纯度 ≥99.5%）正逐步突破传统溶剂用途，广泛渗透至电子半导体、生物医药、生物基材料等新兴赛道。具 体来看，其在环氧树脂活性稀释剂（用于风电叶片、电子封装胶）、PCB及IC封装清洗（替代高污染醚 类溶剂）、抗生素与疫苗佐剂合成、聚乳酸（PLA）等可降解材料起始剂、以及低VOC航空与车用清洁 燃料添加剂等领域需求快速增长。 中证报中证网讯（记者 张鹏飞）近期，在化工行业深度调整与绿色低碳转型的双重背景下，齐翔腾达 （002408）以存量资产优化为抓手，成功完成对其40万吨/年叔丁醇装置的技术改造，实现年产7万吨 99.9%高纯无水叔丁醇的稳定达产。此举不仅标志着公司在高端精细化工领域迈出关键一步，更彰显其 从"规模驱动"向"价值驱动"战略转型的坚定决心。 值得关注的是，公司8000吨/年高 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 出品：新浪上市公司研究院 文/夏虫工作室 核心观点：华软科技（维权）究竟因何事项导致财务核算不准确？警示函公布后公司股价一字跌停市场 究竟有没有反应过度？需要指出的是，公司频繁更换实控人背后疑存资本套利局，但公司基本面仍差。 随着监管认定财务核算不准确等问题，公司是否可能埋财务合规雷？值得注意的是，公司年报审计机构 也存在频繁更换现象。 华软科技究竟因何事项导致财务核算不准确？警示函公布后公司股价一字跌停市场究竟有没有反应过 度？ 资本运作藏财技？ 小比例持股与顶格配融的奥妙 华软科技从历史背景看，故事满满，经历多次实控人变更。 近日，华软科技因收监管警示股价一字跌停。 11月29日，华软科技发布的《2025-050 关于公司及相关人员收到北京证监局警示函》的公告，警示函 直指公司两大问题。 其一，公司存在财务核算不准确情况，即公司存在资产减值核算不准确、收入财务处理不规范、公允价 值变动损益及投资收益核算不准确、个别其他应收款未按单项计提坏账准备等财务核算问题； 其二，公司治理疑存瑕疵，即公司股东会等"三会"记录存在瑕疵、规范运作待提升等问题。 上述情形导致 ...

格隆汇12月4日丨天龙集团(300063.SZ)在投资者互动平台表示，公司精细化工产品出口亚洲、欧洲、非 洲等多个地区。 ...

Core Viewpoint - The article highlights the transformation of Zhaoxin Co., Ltd. from scale expansion to quality-driven growth, emphasizing the importance of "engineering thinking" in navigating market cycles and enhancing corporate resilience [1][2]. Financial Restructuring - The new management team prioritized cash flow management, developing an internal tracking and forecasting system, and made decisive asset sales during high market prices to recover liquidity for future strategic initiatives [3][5]. - These actions led to a significant improvement in the company's financial health, allowing it to resolve historical debt issues and achieve a healthier asset structure [3][5]. Business Capability Development - Zhaoxin Co., Ltd. digitized 30 years of formula research in the fine chemical sector, reducing customer response time from months to 30 minutes through AI-assisted R&D [3][5]. - The company standardized project evaluation and decision-making processes in the new energy sector, enabling rapid completion of assessments and decisions within a week [3][5]. Governance Improvements - The company established a clear authorization matrix and operational dashboards to institutionalize decision-making processes, ensuring accountability and traceability during rapid expansion [5]. Growth Strategies - Zhaoxin Co., Ltd. identified three growth curves: globalization and high value-add in fine chemicals, engineering replication in photovoltaic energy, and smart operation of new energy assets [6][7]. - The fine chemicals segment achieved a gross margin of over 28% despite a downturn in the construction materials sector, with plans to expand into Southeast Asia, the Middle East, Africa, and Europe [6][7]. - The photovoltaic EPC business saw a revenue increase of 928.91% year-on-year, contributing 26.13% to total revenue in the first half of 2025 [7]. Strategic Alignment with National Policies - The company is actively engaging in methane utilization and lithium extraction from salt lakes, aligning with national strategies for new energy systems and resource development [9]. - A strategic partnership with Zhejiang Yiyang Energy Technology Co., Ltd. aims to create a comprehensive energy station model that integrates resource recycling and new energy generation [9]. Future Vision - Zhaoxin Co., Ltd. aims to evolve into a platform-based enterprise focused on capability output rather than asset accumulation, emphasizing light asset operations as a key growth strategy [10]. - The company plans to leverage engineering and data capabilities to shift from one-time delivery to long-term service models, driving growth through knowledge, data, and algorithms rather than solely capital expenditure [10].

Core Insights - The article discusses the transformation of Zhaoxin Co., Ltd. from scale expansion to quality-driven growth, emphasizing the importance of "engineering thinking" in its strategic restructuring [1][2] Financial Restructuring - The company faced significant challenges, including high-interest debt and cash flow issues, prompting a comprehensive financial overhaul led by the new management team [2] - A cash flow management system was developed, prioritizing liquidity recovery during high market prices for lithium and photovoltaic assets, which helped resolve the debt crisis [2][3] Business Development - Zhaoxin Co., Ltd. digitized 30 years of formula research in the fine chemical sector, significantly reducing response time to customer needs from months to 30 minutes [3] - The company aims to expand its aerosol business globally, targeting Southeast Asia, the Middle East, Africa, and Europe, with a gross margin exceeding 28% [4] Growth Strategies - The first growth curve focuses on globalizing and adding value to fine chemical products, while the second growth curve leverages engineering capabilities in photovoltaic EPC projects, achieving a revenue increase of 928.91% year-on-year [4] - The third growth curve involves transitioning from investment to specialized operational services in renewable energy, with a new subsidiary aimed at enhancing operational efficiency and cash flow quality [5][6] Strategic Alignment with National Policies - Zhaoxin Co., Ltd. is aligning its strategies with national goals, recently signing a strategic cooperation agreement to innovate in methane utilization and lithium extraction from salt lakes [6][7] - The company aims to create a comprehensive energy supply network by integrating various renewable energy sources and enhancing resource recycling [7] Future Vision - The long-term vision is to transform Zhaoxin Co., Ltd. into a platform-based enterprise, focusing on capability output rather than asset accumulation, with an emphasis on light asset operations [6][7]

Core Insights - The breakthrough development of AI technology is driving the smartphone market into the "smart agent era," leading to a surge in demand for specialized and adaptable device maintenance solutions [1][2] - Zhaoxin Co., Ltd. (002256), with 30 years of experience in fine chemical engineering, has launched several AI smartphone-specific maintenance products, leveraging its self-developed AI formula assistance system to integrate technical advantages with practical value [1] Group 1 - AI smartphones have seen a 40% increase in internal component density compared to traditional phones, resulting in more precision gaps that accumulate dust, oil, and sweat, which can lead to performance issues [2] - Zhaoxin's screen cleaner is developed with "AI adaptation" as the core logic, using a skin-friendly formula that effectively removes stubborn stains like fingerprints and dust, ensuring clear screen visibility for AI sensors [1][2] - The company is transitioning from traditional fine chemicals to the AI smart hardware maintenance sector, aiming to establish a comprehensive "cleaning—maintenance—protection" solution [2] Group 2 - Zhaoxin's new cleaning agents utilize industrial-grade technology with low surface tension eco-friendly formulas, allowing for deep cleaning of micro-gaps without disassembly, featuring quick-drying and residue-free properties [2] - The company plans to continue deepening technological innovation and expanding its product matrix in line with the evolving trends of AI smart hardware, targeting the growing market in the cleaning and maintenance of advanced AI devices [2]

本报讯(记者刘晓一)近日，为抢抓AI手机市场快速增长的机遇，深圳市兆新能源股份有限公司(以下简 称"兆新股份（002256）")推出三款AI手机专属养护新品。随着AI手机渗透率持续提升，其精密化的内 部结构与多样化的使用场景对专业养护提出了更高要求。公司依托三十年在精细化工领域的技术积淀， 结合自研的AI配方辅助研发系统，成功将工业级技术应用于消费级产品创新。 在屏幕清洁方面，兆新股份针对AI手机屏幕作为多模态交互核心的特点，研发了温和无刺激的专用清 洁剂。该产品能快速清除指纹与油污，保障人脸识别、眼动追踪等传感器的精准运作；面对AI手机内 部元器件高度密集的挑战，公司开发了精密零部件清洗剂。该产品采用环保低表面张力配方，配合定向 喷雾设计，无需拆机就能深入微米级缝隙，清除灰尘和汗液残留。此外，兆新股份还推出绝缘保护剂， 该产品运用纳米涂层技术，能在电路板表面形成透明致密的防护膜，提供防潮、防腐、耐盐雾的全面保 护。 此次产品发布标志着兆新股份从传统精细化工向AI智能硬件养护领域的重要战略延伸。公司通过构 建"清洁-养护-防护"全链路解决方案，展现出技术积累与市场洞察的深度融合。未来，公司将继续紧跟 AI硬件 ...

Core Viewpoint - The article highlights the rapid industrial growth and development of Qiantang District in Hangzhou, showcasing its transformation into a comprehensive industrial hub within five years, driven by strategic investments and a focus on emerging industries. Group 1: Industrial Growth and Investment - In 2025, Qiantang District maintained the highest industrial and manufacturing investment scale in Hangzhou, with the "vehicle, medicine, chip, chemical, and aviation" industry accounting for 87.4% of the industrial output value [1][3] - The digital economy's core manufacturing value added increased by 10.939 billion yuan, and the district has won the "Zhejiang Manufacturing Tiangong Ding" award for three consecutive years [1][3] - Qiantang District has established a mechanism for improving the quality and efficiency of existing industrial land, resulting in 126 enterprise transformation projects with an annual investment of 12.7 billion yuan in 2024 [3][4] Group 2: Industry Clusters and Future Development - The automotive industry, supported by companies like Geely and Ford, aims for a combined output value of 200 billion yuan for both vehicles and parts within three years, while the biopharmaceutical sector has over 1,800 companies and 106 innovative drugs in clinical trials [4][5] - Qiantang District has formed three national-level industrial clusters and five provincial-level characteristic industrial clusters, enhancing its industrial vitality and competitiveness [5] - The district is focusing on new production capabilities, particularly in artificial intelligence, synthetic biology, nucleic acid drugs, and low-altitude economy, to create a future industrial system [5][7] Group 3: Supportive Environment and Services - Qiantang District allocates 30% of its general public budget annually for industrial development and has the largest area of industrial standard factory land sold in Hangzhou over the past five years [10][11] - The district has established a three-tier service system to support enterprises throughout their lifecycle, with 544 enterprise service personnel providing on-site assistance [10][11] - Qiantang District has signed 94 projects with investments exceeding 100 million yuan, totaling approximately 55.1 billion yuan in the first three quarters of the year, demonstrating strong market-driven growth [8][10]

Group 1 - The core focus of the news is on the rapid development and production capabilities of Henan Xingwang Fine Chemical Co., Ltd., which is set to produce 3,600 tons of vinyl monomer products annually, addressing the high demand in the market for key raw materials in various sectors [1][2] - The company has achieved international advanced levels in producing high-purity vinyl imidazole, with only a few domestic competitors capable of stable production [1] - The collaboration with Lanzhou University and Zhengzhou University has led to significant technological advancements, including a 20% reduction in production costs through low-temperature catalytic processes [1][2] Group 2 - The implementation of an intelligent control system allows for efficient management of over 800 production processes, resulting in a 15% reduction in energy consumption and an increase in product quality to over 98% [2] - The company has established a rapid project development timeline, achieving project initiation in July 2024 and trial production by November of the same year, setting a new record for industrial project construction in Yima [2] - The fine chemical industry in Yima is experiencing significant growth, with 43 key projects underway and an increase in the number of chemical enterprises from 12 to 17 since the beginning of the 14th Five-Year Plan [3]