利华益维远化学股份有限公司 公司严格遵循《上海证券交易所股票上市规则》等相关规定，加快推进财务核算工作，在规定时限内尽 快披露2025年度业绩预告。具体准确的财务数据以公司正式披露的经审计后的2025年年度报告为准。 本次业绩预告提示性公告是公司财务部门基于公司年度经营情况和自身专业判断进行的初步测算，未经 注册会计师审计。敬请广大投资者理性投资，注意投资风险。 证券代码：600955 证券简称：维远股份 公告编号：2026-002 关于2025年度业绩预亏的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 2025年，利华益维远化学股份有限公司（以下简称"公司"）面对严峻的市场形势，积极应对挑战，坚持 绿色低碳发展方向和实体产业不动摇，发挥产业链优势，实施"深耕细管、降本增效"主题管理，不断降 低生产成本。受产品价格下降等因素影响，公司业绩不及预期。 经公司财务部门初步测算，预计2025年度归属于上市公司股东的净利润为负值，公司2025年度经营业绩 将出现亏损。 特此公告。 利华益维远化学股份有限公司董事会 ...

Core Viewpoint - Huarong Chemical (301256) is actively engaging in financial management and risk mitigation strategies, including providing guarantees for subsidiaries and conducting foreign exchange hedging to manage currency risk. Trading Information Summary - As of January 9, 2026, Huarong Chemical's stock closed at 17.42 yuan, up 2.65%, with a turnover rate of 11.86%, trading volume of 569,300 shares, and a transaction value of 973 million yuan [1] - On the same day, the net inflow of main funds was 18.09 million yuan, while retail investors experienced a net outflow of 1.66 million yuan [1] Company Announcement Summary - The second board meeting of Huarong Chemical on January 8, 2026, approved several proposals, including providing guarantees for subsidiaries, using idle funds for cash management, applying for comprehensive credit from financial institutions, and conducting foreign exchange hedging [1][3] - A temporary shareholders' meeting is scheduled for January 26, 2026, to review the proposals, including the guarantee for subsidiaries and cash management [1] Guarantee for Subsidiaries - Huarong Chemical plans to provide a total guarantee of up to 2.54 billion yuan for its subsidiaries, with 1.25 billion yuan for subsidiaries with a debt-to-asset ratio of 70% or higher, and 1.29 billion yuan for those below that threshold [2][3] - As of December 31, 2025, the actual guarantee amount was 458.67 million yuan, accounting for 26.50% of the latest audited net assets [2] Foreign Exchange Hedging - The company intends to conduct foreign exchange hedging due to increased foreign currency settlement needs, with a maximum contract value of 10 million USD per trading day and a maximum margin and premium of 6.5 million USD [3][6] - The hedging will include products such as forward foreign exchange settlements, foreign exchange swaps, and options, with a focus on USD and EUR [2][3] Cash Management - Huarong Chemical plans to use up to 1.5 billion yuan for cash management, including a maximum of 400 million yuan from idle raised funds, with a rolling usage period of 12 months [5][6] - Investment products will include low-risk options such as structured deposits, notice deposits, and time deposits [5][6]

1. Report Industry Investment Rating No information provided in the report. 2. Core Viewpoints of the Report - Coal prices are rebounding, driving up the cost side. The domestic methanol operating rate and production remain at a high level, while the international methanol operating rate has dropped to a low level. The import pressure in January has decreased, reducing the supply pressure. - Currently, the demand from some traditional downstream sectors is weak, the olefin profit is poor, the MTO maintenance plan in East China has been implemented, and the MTO industry is expected to have a reduced load, putting pressure on demand. - The import volume in January has declined from a high level, and there is an expectation of inventory reduction at ports. Although the macro - sentiment is good and methanol has risen for four consecutive weeks, the port inventory is still high and the downstream profit is poor, so the methanol price is expected to fluctuate mainly. - For unilateral and option trading, interval operation is recommended, with a reference interval of [2150, 2350] [13]. 3. Summary According to Relevant Catalogs 3.1 Methanol Supply and Demand Overview - **Inventory**: The inventory of Chinese methanol sample production enterprises is expected to be 45.11 tons, showing an increasing trend. The import volume is expected to decrease. Due to the opening of the arbitrage space for inland goods to flow to ports, the apparent import demand may weaken, and the port methanol inventory may decline [12]. - **Supply**: The weekly production of Chinese methanol is expected to be about 2.0511 million tons, with a capacity utilization rate of about 90.31%, a slight increase compared to the current period. The estimated arrival plan of imported methanol samples is 285,700 tons, including 186,100 tons of explicit and 99,600 tons of non - explicit. The domestic trade is estimated to be around 20,000 - 30,000 tons [12]. - **Demand**: With the implementation of the MTO maintenance plan in East China, the MTO industry is expected to have a reduced load. In terms of traditional demand, the operating rates of glacial acetic acid, formaldehyde, dimethyl ether, and chlorides have increased [12]. - **Industrial Chain Profit**: The import profit remains at a loss of - 202 yuan/ton. The profit of coal - to - methanol in Inner Mongolia remains stable at a loss of - 227 yuan/ton, and the downstream profit is in a large loss. The profit of MTO in East China remains at a loss of - 1446 yuan/ton [12]. - **Coal Price**: The slow approval of RKAB in Indonesia, the strict implementation of production control targets, and the expected export tariff will still dominate the market sentiment and drive up coal prices [12]. 3.2 Strategies - **MA605 Strategy**: Short MA605. As of January 8, the price of MA605 was 2231 yuan. The logic is that the port inventory is at a relatively high level, the downstream profit is poor, and the demand is under pressure. It is recommended to short on rallies [17]. - **PP - 3MA Strategy**: Short the PP - 3MA spread. As of January 8, the spread of the May contract was - 209 yuan. The logic is that in 2026, PP will still be in the peak production period, with greater supply pressure than methanol, while the new production capacity of methanol downstream is large, and the methanol demand is resilient. It is recommended to wait and see or short on rallies [18]. 3.3 Futures and Spot Prices - **Spot Price**: As of January 8, the spot price of methanol in Taicang, Jiangsu was 2220 yuan/ton [24]. - **Basis**: As of January 8, the basis relative to the May contract was - 11 yuan/ton [24]. 3.4 Supply - side - **Capacity Utilization and Production**: Last week (20260102 - 0108), the effective production capacity of Chinese methanol plants was 106.275 million tons/year, excluding 1.77 million tons/year of invalid production capacity. The production was 2,042,365 tons, a decrease of 6200 tons month - on - month. The plant capacity utilization rate was 91.42%, a month - on - month increase of 1.12% due to the decrease in the production capacity base [83]. - **International Operating Rate and Imports**: As of January 7, 2026, the methanol arrival volume in China during the period (20260101 - 20260107) was 373,300 tons, including 335,100 tons of foreign vessels (227,100 tons of explicit and 108,000 tons of non - explicit, with 83,400 tons of explicit in Jiangsu) and 38,200 tons of domestic trade vessels (13,300 tons in Jiangsu, 8800 tons of non - explicit in Zhejiang, and 16,100 tons in Guangdong) [91]. - **New Production Capacity in 2025**: China's new methanol production capacity in 2025 was about 7.43 million tons, with a capacity increase of about 7.3%, and most of the plants were equipped with downstream products such as MTO, acetic acid, and BDO [94]. - **New Production Capacity in 2026**: China's new methanol production capacity in 2026 is expected to be about 7.87 million tons, with a capacity increase of about 7.3% [95]. 3.5 Demand - side - **Apparent Consumption**: From January to November, the apparent consumption of methanol was 95.22 million tons, an increase of 9.75% [101]. - **Methanol - to - Olefin Operating Rate and Production**: The MTO operating rate was 89.28%, a month - on - month increase of 0.62%. Although the loads of many MTO enterprises in East China were reduced, the loads of inland enterprises increased, resulting in a slight increase in the weekly average operating rate after hedging [105]. - **Traditional Downstream Operating Rate**: The traditional downstream operating rate was low [109]. - **Downstream Purchasing Volume**: As of January 7, 2026, the order backlog of sample enterprises was 237,500 tons, an increase of 29,500 tons compared to the previous period, a month - on - month increase of 14.16% [122]. - **New Downstream Production Capacity**: The new downstream production capacity is expected to be high, with a corresponding methanol consumption of 10.52 million tons, indicating that the methanol demand remains resilient [125]. 3.6 Inventory - **Enterprise Inventory**: As of January 7, 2026, the inventory of Chinese methanol sample production enterprises was 447,700 tons, an increase of 25,100 tons compared to the previous period, a month - on - month increase of 5.94% [131]. - **Port Inventory**: As of January 7, 2026, the inventory of Chinese methanol port samples was 1.5372 million tons, an increase of 40,800 tons compared to the previous period, a month - on - month increase of 2.73%. The port inventory continued to accumulate, mainly in Zhejiang. The提货 at the mainstream storage areas along the Yangtze River in Jiangsu remained stable, while the delivery at the marginal warehouses along the river was weak due to the opening of the inland delivery space [133].

维远股份公告，预计2025年度净利润为负值，公司2025年度经营业绩将出现亏损。2025年，公司面对严 峻的市场形势，积极应对挑战，坚持绿色低碳发展方向和实体产业不动摇，发挥产业链优势，实施"深 耕细管、降本增效"主题管理，不断降低生产成本。受产品价格下降等因素影响，公司业绩不及预期。 ...

智通财经APP讯，和邦生物(603077.SH)发布公告，经公司财务部门初步测算，预计2025年度归属于上 市公司股东的净利润将出现亏损，主要系公司预计需计提资产减值准备导致。 ...

(文章来源：生意社) 新浪合作大平台期货开户 安全快捷有保障 交易商品牌/产地交货地最新报价 尿素 硝铵溶液 含氮32% 聊城芫泽化工产品有限公司鲁西化工山东省/德州市1800元/吨 聊城芫泽化工产品有限公司内蒙古山东省/聊城市1800元/吨 生意社01月11日讯 ...

Core Viewpoint - The company, Tongcheng New Materials Group Co., Ltd., has provided guarantees for its subsidiaries to support their daily operations and business development needs, with a total guarantee amounting to 255.897 million yuan, which represents 76.30% of the latest audited net assets [3][6]. Group 1: Guarantee Details - Tongcheng Chemical (China) Co., Ltd. has provided a guarantee of 124 million yuan for the company [2]. - A loan guarantee of 50 million yuan was provided to Shanghai Tongcheng Chemical Co., Ltd. through a contract with Shanghai Bank, with an actual guarantee balance of 43.794 million yuan [3]. - A loan guarantee of 7 million yuan was provided to Shanghai Tongcheng Electronic Materials Co., Ltd., with an actual guarantee balance of 94.868 million yuan [3]. Group 2: Internal Decision-Making Process - The company’s board approved the expected financing guarantee limit of 5 billion yuan for 2025, which includes mutual guarantees among subsidiaries [4]. - The board meeting on April 17, 2025, and the annual shareholders' meeting on May 8, 2025, reviewed and approved the financing guarantee limits [4]. Group 3: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to meet the operational and developmental needs of the company and its subsidiaries, aligning with the company's overall interests and development plans [6]. - The guaranteed entities are stable and have good creditworthiness, ensuring that the risks are manageable and will not significantly impact the company's operations or harm the interests of minority shareholders [6]. Group 4: Cumulative External Guarantees - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to 255.897 million yuan, with no overdue guarantees reported [6].

Group 1 - The core point of the article is that a block trade of 5.0473 million shares of Quecheng Co., Ltd. was executed on January 9, with a transaction amount of 100 million yuan and a transaction price of 19.89 yuan per share [2] - The buyer of the block trade was Goldman Sachs (China) Securities Co., Ltd., while the seller was Guotai Junan Securities Co., Ltd. [2] - On the same day, Quecheng's closing price was 19.89 yuan, reflecting a decrease of 0.50%, with a turnover rate of 0.57% and a total transaction amount of 46.3399 million yuan [2] Group 2 - The net outflow of main funds for Quecheng on that day was 1.5633 million yuan, and over the past five days, the stock has cumulatively decreased by 0.15% with a total net outflow of 4.5744 million yuan [2] - The block trade price was at a premium of 0.00% relative to the closing price on that day [2]

（文章来源：证券日报） 证券日报网讯 1月9日，鲁西化工发布公告称，公司2026年第一次临时股东会审议通过《关于2026年度 日常关联交易预计的议案》《关于修订部分条款的议案》。 ...

Core Viewpoint - The company, Sanyou Chemical, is actively engaged in the production of high-end electronic chemicals, which are essential for various industries including integrated circuits, display panels, and photovoltaics [2] Group 1: Company Overview - Sanyou Chemical's first phase of high-end electronic chemicals project includes products such as electronic-grade hydrogen chloride, ammonia gas, ammonia water, sulfuric acid, and isopropanol [2] - These products are categorized as ultra-pure reagents, indicating a high level of purity necessary for advanced applications [2] Group 2: Industry Applications - The primary downstream applications of these products are in the processes of etching, polishing, drying, and cleaning within the integrated circuit, display panel, and photovoltaic industries [2]