Company Overview - Yuanli Co., Ltd. (SZ 300174) announced the convening of its sixth board meeting on November 27, 2025, to review various reports related to a transaction [1] - As of the report date, Yuanli's market capitalization stands at 5.7 billion yuan [1] Revenue Composition - For the first half of 2025, Yuanli's revenue composition is as follows: - Wood-based activated carbon accounts for 78.64% - Silicates account for 21.2% - Thermal energy accounts for 0.16% [1]

Group 1 - The core point of the article highlights that Baomo Co., Ltd. has a significant share pledge by Sichuan Xingtianfu Hongling Enterprise Management Co., Ltd., with a total of 76.76 million shares pledged, accounting for 79.38% of its holdings [1] - As of the announcement date, Baomo Co., Ltd. has a market capitalization of 3.8 billion yuan [2] - The revenue composition for Baomo Co., Ltd. for the first half of 2025 indicates that the chemical raw materials and chemical products manufacturing industry accounts for 92.9%, while the environmental water treatment industry contributes 6.8%, and other businesses make up 0.3% [1]

Group 1 - The core viewpoint of the article is that Yonghe Co., Ltd. is expanding its market presence with its hexafluoropropylene dimer and trimer products, which are applicable in the liquid cooling sector [1] - The combined production capacity of these products is 7 kilotons per year [1] - The company is currently in the market expansion phase for these products [1]

Core Viewpoint - The company has signed a cooperation framework agreement with its affiliate, Qujing High-tech Investment Co., Ltd., to establish a full industrial chain centered on pyridine alkaloids in Qujing, Yunnan, which is expected to enhance market competitiveness and achieve rapid project completion [1][2]. Group 1 - The agreement stipulates that Qujing High-tech Investment's wholly-owned subsidiary, Qujing Maoyuan New Materials Technology Co., Ltd., will construct a 50,000 tons/year new pyridine alkaloid circular economy industrial chain project based on the design and production process provided by the company [1]. - The investment and construction of the project will be the responsibility of the affiliate, with the company planning to operate the project through entrusted operation or leasing after completion [1]. - The cooperation period will not exceed thirty years, and specific cooperation details will be formalized in an agreement within one month after project completion [1]. Group 2 - The project aims to quickly achieve production capacity, expand market share, and strengthen the company's market competitiveness [2]. - The initiative is expected to enhance the company's cost advantages by extending and supplementing the industrial chain [2].

根据协议主要约定：(1)乙方指令其全资子公司曲靖茂源新材料科技有限公司（简称"曲靖茂源新材 料"）按照甲方或其指定云南华洲生物科技有限公司（为甲方旗下全资公司，统称为"甲方"）提供的设 计方案、最新生产工艺方案及设备采购要求，尽快建成5万吨/年新吡啶碱循环经济产业链项目。(2)乙方 负责项目投资建设，项目建设完成后，甲方采取委托运营、租赁经营等方式与乙方进行合作；合作期不 超过三十年。具体合作事项由双方在项目建成后一个月内以正式协议予以明确。(3)在合作期内，在项 目实现正收益的情况下，甲方将充分利用相关资本市场优势和资本工具功能择机依法购买项目资产以实 现对项目生产经营的主导权利，具体购买事项以双方正式协议约定为准。 格隆汇11月27日丨红太阳(000525.SZ)公布，为扩大市场份额，增强公司市场竞争力，通过延链补链强 链，构建全产业链成本优势，充分利用云南省曲靖高新区化工园区生产要素成本较低的优势，同时为整 合资源及拓展云南及东南亚市场，南京红太阳股份有限公司与关联方曲靖高新投实业有限公司（简 称"曲靖高新投实业"或"乙方"）于近日签署《合作框架协议》（简称"协议"或"本协议"），公司拟在曲 靖高新投实 ...

格隆汇11月27日丨昊华科技(600378.SH)在投资者互动平台表示，公司始终密切关注液冷服务器领域的 技术革新。液冷技术作为对高散热需求领域的关键技术，其行业前景广阔。液冷技术包括冷板液冷和浸 没液冷等多种应用方式，不同液冷方式使用的冷却液产品存在差异。目前，公司凭借在含氟化学品领域 丰富的研发积累与技术优势，已开发出多款液冷产品，并与多家行业头部客户开展了产品和应用开发合 作。公司将持续研发适配的多种应用场景的产品系列，为广大用户提供性能更优质的产品。 ...

Group 1: Ethylene Glycol Futures Market Data Change Analysis - **Main Contract and Basis**: The price of the main ethylene glycol futures contract rose from 3,873 yuan/ton to 3,896 yuan/ton, a 0.59% increase. The spot price in East China remained flat at 3,900 yuan/ton, resulting in a basis (spot - futures) of +4 yuan/ton [2][50]. - **Open Interest and Trading Volume**: The trading volume of the main contract decreased significantly by 30.79% to 177,363 lots, and the open interest decreased by 5.45% to 289,511 lots, indicating a decline in market participation [2][37][38]. *** Group 2: Industry Chain Supply - Demand and Inventory Change Analysis - **Supply Side**: The overall ethylene glycol operating rate remained stable at 67.63%, with the coal - based operating rate at 54.29% and the oil - based operating rate at 76.23%. Coal - based profit improved significantly to 187 yuan/ton, a 66.34% increase, while losses in ethylene - based processes deepened [2][45][50]. - **Demand Side**: The load of downstream polyester factories was 89.42%, and the load of Jiangsu and Zhejiang looms was 63.43%, both remaining unchanged, indicating stable demand [2][3][50]. - **Inventory Side**: The inventory at the main ports in East China remained flat at 732,000 tons, while the inventory in Zhangjiagang increased by 10,000 tons to 285,000 tons, a 3.64% increase, slightly increasing the port inventory pressure [3][50]. *** Group 3: Price Trend Judgment The ethylene glycol price is expected to maintain a volatile and slightly upward pattern. The reasons are as follows: the stable supply - side operating rate and the improvement in coal - based profit may support production willingness; the stable demand - side load supports the fundamentals; although there is a slight increase in Zhangjiagang's inventory, the overall inventory pressure is controllable. However, the expanding losses in oil - based production may limit the upside potential, and cost changes need to be monitored [50].

天原股份11月27日公告，下属子公司马边无穷矿业有限公司磷化工厂于2023年12月19日停产，为盘活闲 置无形资产，公司对2.5万吨/年黄磷产能指标公开挂牌转让。 公告称，最终确定四川和邦生物科技股份有限公司为受让方。11月25日，无穷矿业与和邦生物签订了 《产权交易合同》，成交金额为18529万元。 ...

兄弟科技11月27日在互动平台回复称，公司产品下游客户未包括机器人公司，公司生产的对苯二酚已正 式进入PEEK领域，PEEK可应用于工业、新能源汽车、人形机器人、航空航天、半导体等领域，未来公 司也将积极推进对苯二酚产品在各领域的推广工作。 ...

转自：智通财经 【中国化学：自主研发的超高分子量聚乙烯树脂项目可用于锂电池隔膜】智通财经11月27日电，中国化 学在互动平台表示，在锂电池技术上：1.中国化学自主研发的超高分子量聚乙烯（UHMWPE）树脂项 目可应用于锂电池隔膜；2.所属公司在盐湖提锂技术上取得了省级科技进步奖。 在储能方面：1.公司参 与多项储能工程项目，具有丰富的工程经验；2.公司生产的气凝胶产品用于电池热管理和储能系统保温 具有良好的经济效应；3.公司在氢储能、CCUS（碳捕集）技术研发上持续推进。 ...