Core Viewpoint - Runfeng Co., Ltd. announced plans to engage in foreign exchange derivative trading with a maximum limit of up to 1.5 billion USD, which can be reused within 12 months following shareholder approval [2] Summary by Categories Company Announcement - The company and its subsidiaries intend to utilize their own funds for the foreign exchange derivative trading business [2] - The trading limit of 1.5 billion USD is applicable for a period of 12 months from the date of approval by the shareholders [2] - At any point during the trading period, the transaction amount, including reinvested earnings from the investments, should not exceed the specified limit [2]

格隆汇12月19日｜有投资者在互动平台向康鹏科技提问：贵公司LiFSI 产能有多少？今年已出货多少？ 价格较去年是否有上涨？康鹏科技回复称，公司LiFSI产能为1700吨，今年销量为千吨级别。当前报价 较去年均价上涨。 ...

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：Vc项目在春节前后改造完毕，请问现在有没有意向客 户？或者已经签订预销合同的？ 泰和科技（300801.SZ）12月19日在投资者互动平台表示，尊敬的投资者您好，泰和科技目前有碳酸亚 乙烯酯（VC）产品的意向客户，由于暂未投产，尚未签订任何销售合同。后续VC项目试生产过程具有 不确定性，请注意投资风险，感谢您的关注。 ...

Group 1 - The core viewpoint of the articles highlights the positive performance of the petrochemical sector, particularly the rise of the Petrochemical ETF and the successful import of raw materials for the Tianjin Sinopec Nankou Ethylene Project, marking a significant step in the project’s operational phase [1][2][3] - The Petrochemical ETF has reached a new high in scale, amounting to 206 million yuan, with notable gains in stocks such as Cangge Mining, Hangyang Co., and Hengyi Petrochemical [1] - The industry is experiencing a clear differentiation, with the basic chemical sector benefiting from increased demand for electronic chemical materials driven by the robotics industry and AI computing power, while the oil and petrochemical sector faces pressure due to declining oil prices [1] Group 2 - The China Securities Petrochemical Industry Index, which the Petrochemical ETF closely tracks, shows that the top three sectors are refining and trading (27.33%), chemical products (22.04%), and agricultural chemical products (21.98%) [2] - The "anti-involution" trend is expected to catalyze a recovery in the cycle, leading to sustained improvement in industry prosperity [2] - Looking ahead to 2025, there is widespread attention on resource products such as potash, lithium, and phosphate rock, which are expected to maintain favorable price conditions [1]

Core Viewpoint - The company, Xinzhou Bang (300037.SZ), is actively engaged in the production of lithium battery additives through its subsidiary, Hankan Electronic Materials, with a focus on high-value products like VC and FEC [1] Production Capacity - The current production capacity for VC is approximately 10,000 tons, with an additional 5,000 tons under construction expected to be operational in the second half of 2026 [1] - The existing capacity for the precursor CEC is 35,000 tons per year, which can support the usage of 15,000 tons of VC and 8,000 tons of FEC [1] Business Performance - The overall capacity utilization rate of the company's battery chemicals business remains at a reasonable level, with VC experiencing a continuous increase in demand since the fourth quarter, currently operating at full production and sales [1] Future Planning - Future capacity planning will be based on market conditions and customer demand, indicating a responsive approach to production adjustments [1]

证券研究报告 | 2025年12月19日 万华化学（600309.SH） MDI 产品景气回暖，锂电材料、新材料加速放量 |  公司研究·公司快评 | |  | 基础化工·化学制品 |  投资评级：优于大市（维持） | | --- | --- | --- | --- | --- | | 证券分析师： | 杨林 | 010-88005379 | yanglin6@guosen.com.cn | 执证编码：S0980520120002 | | 证券分析师： | 薛聪 | 010-88005107 | xuecong@guosen.com.cn | 执证编码：S0980520120001 | 事项： 事件：11 月下旬以来，全球主要聚氨酯企业相继上调 MDI 和 TDI 产品价格，覆盖多个区域市场。公司 12 月初以来分别上调拉丁美洲、中东、非洲、土耳其、东南亚、南亚地区 MDI 或 TDI 价格 200-300 美元/吨， 匈牙利 BC 也宣布对所有 MDI 产品涨价 300 欧元/吨。 国信化工观点： 1）受海外、国内多装置减产影响，MDI 价格上行：截至 12 月 15 日，聚合 MDI 市场价格上涨至 ...

人民财讯12月19日电，鼎际得（603255）12月18日发布关于抗氧剂产品价格调整的说明函称，当前，受 多重因素影响，抗氧剂产品原材料与运营成本呈现显著上升趋势，公司决定对抗氧剂产品价格进行相应 更新。本次价格调整覆盖公司全部抗氧剂系列，含通用型主、辅抗氧剂及各专项应用型号；不同品类及 合作层级的产品价格将进行不同程度调整，整体上调比例约为10%。新价格将于发布之日起正式实施。 ...

Group 1 - The core viewpoint of the news is that 蓝宇股份 (Lanyu Co., Ltd.) has shown fluctuations in its stock performance and financial metrics, indicating potential investment opportunities and challenges [1][2]. Group 2 - On December 18, 蓝宇股份 experienced a stock increase of 0.56%, with a trading volume of 22.96 million yuan. The financing buy-in amount was 5.63 million yuan, while the net financing buy-in was 3.23 million yuan, leading to a total financing and securities balance of 48.90 million yuan [1]. - As of December 18, the financing balance of 蓝宇股份 was 48.60 million yuan, accounting for 6.11% of its circulating market value. The company had no short-selling activity on that day, with a short-selling balance of 30.28 thousand yuan [1]. - 蓝宇股份, established on December 30, 2010, is located in Yiwu, Zhejiang Province, and focuses on the research, production, and sales of digital printing inks that align with national energy-saving and environmental protection strategies. Its main revenue sources include dispersed inks (53.41%), active inks (22.06%), and textile printing processing (10.35%) [1]. Group 3 - As of September 30, the number of shareholders of 蓝宇股份 was 10,600, a decrease of 12.38% from the previous period. The average circulating shares per person increased by 14.13% to 2,462 shares [2]. - For the period from January to September 2025, 蓝宇股份 reported a revenue of 336 million yuan, a year-on-year decrease of 6.10%, and a net profit attributable to shareholders of 47.49 million yuan, down 42.15% year-on-year [2]. - Since its A-share listing, 蓝宇股份 has distributed a total of 32 million yuan in dividends [2].

Core Viewpoint - The price of VC (Vinyl Carbonate) has been rising since the second half of this year, leading to a surge in demand as customers begin to make advance purchases for 2026 [1] Group 1: Company Production Capacity - The company’s subsidiary, Hankan Electronic Materials, specializes in the production of lithium battery additives, including VC and FEC [1] - Current VC production capacity is approximately 10,000 tons, with an additional 5,000 tons under construction expected to be operational in the second half of 2026 [1] - The existing precursor CEC has a production capacity of 35,000 tons per year, which can support the use of 15,000 tons of VC and 8,000 tons of FEC [1] Group 2: Market Demand and Utilization - The overall capacity utilization rate of the company's battery chemicals business remains at a reasonable level, with VC being a high-value-added product [1] - Since the fourth quarter, demand for VC has continued to rise, and the company is currently operating at full production and sales capacity [1] Group 3: Future Production Plans - Future capacity planning will be based on market conditions and customer demand [1]

格隆汇12月18日丨永太科技(002326.SZ)在互动平台表示，公司氟化液业务已具备产业化基础，并初步 形成小规模订单，目前占整体营收比重较小。根据不同型号的产品性能，公司氟化液产品可以适用于半 导体制造、浸没式数据中心冷却、储能热管理、5G基站热管理和芯片封装等细分场景，近期亦逐步开 始应用于冷板式两相液冷方案中。 ...