Core Viewpoint - Guoen Co., Ltd. has announced a significant investment project aimed at establishing a comprehensive vertical integration platform for the entire PEEK industry chain, enhancing its competitiveness in the specialty engineering plastics sector [1] Group 1: Project Overview - The total investment for the project is 960 million yuan [1] - The project includes the construction of a pilot platform for polystyrene engineering materials polymerization and a 300,000 tons per year organic polymer modification and composite materials project [1] Group 2: Strategic Focus - The project will prioritize high-growth application scenarios with significant potential for domestic production rate improvement [1] - The aim is to provide high-performance specialty materials solutions [1]

格隆汇7月31日丨渤海化学(600800.SH)公布，根据化工企业生产工艺和生产装置的要求，为确保生产装 置安全有效运行，按照年度计划，天津渤海化学股份有限公司全资子公司天津渤海石化有限公司的PDH 装置（60万吨/年）于2025年7月29日开始停产检修，预计检修18天。本次停产检修是根据年度计划进行 的例行检修，对公司的生产经营不会产生重大影响。 ...

LITX® 9 5F导电添加剂旨在提升电池的 循环寿命 和 能量密度 。在基于厚电极 设计的软包电池性能测试中，该材料展现出优异的 容量保持率 ，为电池制造商优化 各类储能系统配方提供了灵活性。其高结构形态有助于在反复充放电循环中增强电极 的导电性与稳定性。此外，它还能适配锂离子电池正极厚电极设计，在保证电池性能 的同时有效降低材料成本。 卡博特公司全球执行副总裁、全球碳硅材料技术方案及电池材料业务总裁 兼亚太地区总裁朱戟表示 ，"随着全球能源格局持续演变，储能市场亟需能够 兼顾性能与效率的先进材料。我们此次推出的LITX® 95F导电添加剂解决方 案，正是对市场需求及电池客户诉求的精准响应——凭借深厚的行业积淀与经 过验证的卓越性能，更快速、更高效地助力储能应用全面实现规模化应用。此 次产品发布彰显了我们致力于通过技术创新，为电池技术提供解决方案，支持 全球范围内的能源转型，从而推动更可持续未来的承诺。" 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：卡博特 7月29日， 卡博特公司宣布推出全新 LITX® 95F 导电添加剂 。这款产品专为锂 离子电 ...

Group 1: Market Overview - The total production capacity of the potassium carbonate industry in China is 290,000 tons, with an actual production of approximately 230,000 tons in 2024. The overall market demand is growing steadily at a rate of about 5%, although the growth rate is slightly slowing down [2]. - A company in Hubei is implementing a project to co-produce potassium carbonate from potassium hydroxide, which will increase supply capacity. This may impact the sales market in the short term despite some growth in application demand [5]. Group 2: Product Substitution and Pricing - Potassium carbonate is primarily used in food, pharmaceuticals, fertilizers, pesticides, oil and gas, construction materials, electronics, glass, rubber, and steel production. There is a price difference of 700-900 RMB per ton between heavy and light potassium carbonate, which can lead to substitution in high-end applications when the price difference exceeds this range [3]. - The price trend of hydrochloric acid aminopropyl is influenced by market and cost factors, and the company believes the current price fluctuations are within a reasonable range [10]. Group 3: Company Strategy and Development - The company is open to mergers and acquisitions to utilize industry resources for steady growth, adhering to risk control principles [4]. - The company plans to continue its "one body, two wings" development strategy, focusing on potassium salts while expanding into the fluorine industry and increasing its veterinary drug offerings [14]. Group 4: Production Capacity and Market Demand - The current production capacity for hydrochloric acid aminopropyl is 600 tons per year, operating at full capacity, with an additional 800 tons under construction expected to be completed by June next year [7]. - The demand for hydrochloric acid aminopropyl has increased this year, partly due to customers seeking to diversify suppliers amid geopolitical instability affecting a competitor's production [6]. Group 5: Competitive Landscape and Market Position - The company faces competition in the hydrochloric acid aminopropyl market primarily from itself and a competitor in Israel. New entrants face high technical barriers, and their impact on the market remains limited [8]. - The company has strategic investments in semiconductor technology through its stake in Zhejiang Xinzhichun Semiconductor Company, aiming to tap into high-tech sectors encouraged by national policies [19].

Report Industry Investment Rating - Unilateral: Neutral; Inter - period: PL01 - 05 reverse spread; Inter - variety: Long PL2601 and short PP2509 [4] Core Viewpoints - For propylene, after the Politburo meeting, there are strong expectations on the macro - policy front, but the supply - demand fundamentals remain weak. Supply - side pressure is increasing significantly, with device restarts and rising PDH capacity utilization. Many downstream devices have maintenance plans, and the cost support is weak due to the weak oil prices [3]. - For polyolefins, the fundamentals change little, and the supply - demand pattern has no obvious improvement. There are both shutdown and startup plans for some devices, with rising capacity utilization expectations and increasing supply pressure. The cost support is weak, and the terminal consumption is in the off - season [3] Summary by Directory I. Propylene Basis Structure - Figures related to propylene basis structure include the closing price of the propylene main contract, East China basis, North China basis, and the 01 - 05 contract [10][13] II. Propylene Production Profit and Operating Rate - Figures involve the difference between China's propylene CFR and Japan's naphtha CFR, propylene capacity utilization, PDH production gross profit, PDH capacity utilization, MTO production gross profit, and methanol - to - olefins capacity utilization [19][21][29] III. Propylene Import and Export Profits - Figures include the differences between South Korea's FOB and China's CFR, Japan's CFR and China's CFR, Southeast Asia's CFR and China's CFR, and propylene import profit [35][37] IV. Propylene Downstream Profits and Operating Rates - Figures cover the production profits and operating rates of PP powder, propylene oxide, n - butanol, octanol, acrylic acid, acrylonitrile, and phenol - acetone [43][53][60] V. Propylene Inventory - Figures show propylene in - plant inventory and PP powder in - plant inventory [69] VI. Polyolefin Basis Structure - Figures include the trend of the plastic futures main contract, the basis between LL East China and the main contract, the trend of the polypropylene futures main contract, and the basis between PP East China and the main contract [70][74] VII. Polyolefin Production Profit and Operating Rate - Figures involve LL production profit (crude - oil - based), PE operating rate, PE weekly output, PE maintenance loss, PP production profit (crude - oil - based), PP production profit (PDH - based), PP operating rate, PP weekly output, PP maintenance loss, and PDH - based PP capacity utilization [79][87][93] VIII. Polyolefin Non - Standard Price Differences - Figures show the price differences between HD injection molding and LL East China, HD blow molding and LL East China, HD film and LL East China, LD East China and LL, PP low - melt copolymer and drawn wire in East China, and PP homopolymer injection molding and drawn wire in East China [97][100][101] IX. Polyolefin Import and Export Profits - Figures include LL import profit, differences between LL US Gulf FOB and China's CFR, LL Southeast Asia CFR and China's CFR, LL Europe FD and China's CFR, PP import profit, PP export profit (to Southeast Asia), differences between PP homopolymer injection molding US Gulf FOB and China's CFR, PP homopolymer injection molding Southeast Asia CFR and China's CFR, PP homopolymer injection molding Northwest Europe FOB and China's CFR, and LL export profit [106][117][122] X. Polyolefin Downstream Operating Rates and Profits - Figures cover the operating rates of PE downstream agricultural film, packaging film, winding film, PP downstream woven bags, BOPP film, injection molding, and their corresponding production gross profits [128][129][134] XI. Polyolefin Inventory - Figures show the inventories of PE and PP in oil - based enterprises, coal - chemical enterprises, traders, and ports [139][142][144]

在生产环节端，云天化集团全面实现精细化管理，强化生产全流程管控，推动产品质量与生产效率双提 升。 在产业链延伸方面，云天化集团依托长期积累的技术优势和敏锐的市场洞察力，积极布局精细化工、新 材料等新兴业务板块，在精细化工领域，成功研发并推出一系列高性能、高附加值产品；在新材料领 域，突破多项关键技术瓶颈，有效助力集团竞争力的提升。 近日云天化集团有限责任公司召开2025年年中经济运行分析会，云天化集团上半年实现营业收入超355 亿元，利润总额超30亿元，交出了一份稳中有进、质效双升的期中答卷。 在市场端，云天化集团积极应对市场变化，持续迭代"产业+商贸+物流+金融"全球供应链。一方面深化 与国内外经销商的合作，向产业组织者转型；另一方面通过南博会、国际橡塑展、亚洲化肥论坛等国际 展会，有效提升品牌影响力，拓宽销售渠道。数据显示，上半年集团产品市场占有率稳步提升，品牌价 值持续增长。 2025年上半年，云天化集团统筹兼顾生产经营与改革发展各项工作，展现出卓越的战略谋划与执行能 力，经营业绩实现稳中有进，发展韧性持续增强。 ...

Core Viewpoint - The successful completion of the 225,000 tons/year high-performance resin raw material project by Xinjiang Tianye Group marks a historic breakthrough in non-petroleum-based ethylene technology in China, producing high-purity ethylene products with a purity of 99.96% [1] Group 1 - The project is the largest single-unit ethanol dehydration to ethylene facility in China, indicating significant advancements in the industry [1] - The project was implemented by Xinjiang Tianye Huixiang New Materials Co., Ltd., a wholly-owned subsidiary of the company, utilizing patented technology developed by Tianjin University [1] - The new facility aims to reduce reliance on traditional calcium carbide methods for producing polyvinyl chloride (PVC), addressing high energy consumption and pollution issues [1] Group 2 - The project is expected to significantly lower standard coal consumption and carbon dioxide emissions, contributing to environmental benefits [1] - North Oil Engineering, as the design unit, has accumulated rich engineering experience in the field of coal chemical coupling low-carbon olefins, achieving important breakthroughs in the design of large-scale coal-based olefin facilities [1] - The project supports the establishment of a new industrial chain for the company, integrating "coal-ethanol-ethylene-PVC" [1]

证券研究报告 | 浙商早知道 报告日期：2025 年 07 月 31 日 浙商早知道 2025 年 07 月 31 日 ：王禾 执业证书编号：S1230512110001 ：021-80105901 ：wanghe@stocke.com.cn 市场总览 重要推荐 【浙商机械 邱世梁/王华君/陈姝姝】晶华新材（603683）公司深度：胶粘新材料领军企业，电子皮肤打开成长空 间 ——20250729 重要观点 【浙商固收信用债 杜渐/杨语涵】债券市场专题研究：历次赎回潮的经验总结与修复启示——20250730 http://www.stocke.com.cn 1/4 请务必阅读正文之后的免责条款部分 大势：7 月 30 日上证指数上涨 0.17%，沪深 300 下跌 0.02%，科创 50 下跌 1.11%，中证 1000 下跌 0.82%，创业 板指下跌 1.62%，恒生指数下跌 1.36%。 行业：7 月 30 日表现最好的行业分别是钢铁（+2.05%)、石油石化（+1.84%)、传媒（+0.99%)、食品饮料 （+0.86%)、社会服务（+0.65%)，表现最差的行业分别是电力设备（-2.22%)、计算机（ ...

企业名称韬硕一厂（哈尔滨）生物科技有限公司法定代表人刘慧君注册资本1000万人民币国标行业制造 业>化学原料和化学制品制造业>基础化学原料制造地址黑龙江省哈尔滨市双城区新兴街道新华 村-10073.1-2层企业类型其他有限责任公司营业期限2025-7-30至无固定期限登记机关哈尔滨市双城区市 场监督管理局 经营范围含许可项目：肥料生产。（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体 经营项目以相关部门批准文件或许可证件为准）技术服务、技术开发、技术咨询、技术交流、技术转 让、技术推广；肥料销售；生物有机肥料研发；土壤与肥料的复混加工；复合微生物肥料研发；企业管 理咨询。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动） 天眼查App显示，近日，韬硕一厂（哈尔滨）生物科技有限公司成立，法定代表人为刘慧君，注册资本 1000万人民币，由韬硕（北京）科技有限公司全资持股。 序号股东名称持股比例1韬硕（北京）科技有限公司100% 来源：金融界 ...

Group 1 - The company held its second extraordinary general meeting of shareholders on July 30, 2025, with a total share capital of 280,206,120 shares, of which 2,426,950 shares were in the repurchase account and did not have voting rights, resulting in 277,779,170 shares eligible for voting [2][4] - The meeting was legally convened and conducted according to the Company Law and the Articles of Association, with a combination of on-site and online voting methods [3][10] - All resolutions presented at the meeting were approved, including changes to the registered capital, the cancellation of the supervisory board, and various amendments to internal regulations [5][6][7] Group 2 - The company conducted a self-examination regarding insider trading related to its 2025 restricted stock incentive plan, confirming that no insider information was leaked or used for trading prior to the public disclosure of the plan [14][18] - During the self-examination period from January 10, 2025, to July 10, 2025, five insiders engaged in stock trading, but their actions were independent and occurred before they were aware of the incentive plan [16][17] - A total of 13 incentive plan participants traded the company's stock during the self-examination period, but they did so based on their independent judgment without knowledge of the incentive plan details [16][18]