《天山放歌》实干奋进：新疆维吾尔自治区能源等领域取得跨越式进步 盛夏的重庆，热浪翻滚。而此时，远在千里之外的新疆哈密市巴里坤哈萨克自治县，风能与光能正化作澎湃动力，跨越崇 山峻岭，点亮长江之畔的万家灯火。 为庆祝新疆维吾尔自治区成立七十周年，中央广播电视总台摄制六集政论专题片《天山放歌》。《实干奋进》第二集，内容聚 焦新疆在交通、能源、水利、数字经济等领域的跨越式进步，以一个个生动的故事，展现新疆高质量发展与民生改善的崭新篇 章。 新疆哈密市巴里坤哈萨克自治县 。 环网的铁塔如一串串明珠，串联起新疆的戈壁和绿洲 。 7月13日，我国最大的750千伏超高压环网——新疆环塔里木盆地750千伏输变电工程正式"合龙"。这是继公路、铁路、绿 化带合龙之后的电路大合龙。 黄沙漫天，银线纵横。这是 15年的汗水浇灌的 " 钢铁丝路 " 。据测算，它将带动产业投资超过 283亿元，提供就业岗位 8000多个。 环塔工程，功在当代，利在南疆。南疆电网更安全，更可靠，更清洁了。 国家电网新疆电力有限公司党委书记董事长 陈守军： " 我们整体疆内电网建设 的 速度很快， 所以在今年我们标志性的工 程， 我们就是在南疆，沿着塔克拉玛 ...

Core Viewpoint - The modern coal chemical industry is entering a development opportunity period due to the resonance of industrial upgrading and energy security, with coal as a primary raw material for producing alternative petrochemical products and clean fuels [2][3]. Group 1: Industry Overview - Modern coal chemical industry includes coal-to-olefins, coal-to-ethylene glycol, coal-to-aromatics, coal-to-oil, and coal-to-natural gas, characterized by high technological content and added value [2]. - China's energy reserves show a "rich coal, poor oil, and less gas" feature, with coal accounting for over 50% of the energy consumption structure [2][3]. - The high dependence on imported oil and gas resources, with 2023 import ratios of 73% for crude oil and 42% for natural gas, necessitates the development of modern coal chemical industry to alleviate external dependency [2]. Group 2: Regional Advantages - Xinjiang has the foundational conditions to become a large coal chemical base, with coal reserves of 2.19 trillion tons, accounting for about 40% of the national total [3]. - The coal types in Xinjiang are of high quality, primarily consisting of low-volatile long flame coal, non-caking coal, and weakly caking coal, suitable for both power generation and chemical raw materials [3]. - The cost advantages in Xinjiang make it suitable for open-pit mining, supported by national policies positioning Xinjiang as a major coal chemical base [3]. Group 3: Investment Opportunities - Investment in coal chemical projects is projected to exceed 800 billion yuan in Xinjiang, with specific projects including 9 coal-to-olefins projects (investment of 257.5 billion yuan), 11 coal-to-natural gas projects (investment of 310.9 billion yuan), and 3 coal-to-oil projects (investment of 104.3 billion yuan) [3]. - The coal-to-gas projects in Xinjiang have a total investment of 260.3 billion yuan, with planned capacity of 40 billion cubic meters, showcasing significant economic advantages due to lower coal prices compared to other regions [4]. - The coal-to-oil projects in Xinjiang are expected to achieve breakeven at coal prices of 500-600 yuan/ton and international oil prices of 60-70 USD/barrel, with production costs significantly lower than in other regions [5]. Group 4: Investment Directions - Investment opportunities can be categorized into three main areas: equipment manufacturers, project owners, and service providers [7]. - Recommended companies for equipment and engineering services include Sanwei Chemical, China Chemical, and Donghua Technology [7]. - Companies benefiting from Xinjiang's cost advantages in coal chemical projects include Baofeng Energy and Guanghui Energy [7].

Core Insights - Yulin is a significant energy base in China and one of the four modern coal chemical industry demonstration zones, focusing on clean and efficient coal utilization [1][4] - The 1 million tons/year high-end chemical new materials project is a key initiative under Yulin's "14th Five-Year Plan," aimed at enhancing the coal chemical industry chain [1][2] - The project includes various production facilities, such as a 400,000 tons/year DMTA unit and a 200,000 tons/year ethylene oxide unit, which will produce refined chemical products for downstream markets [1][2] Industry Development - Yulin is developing six industrial chains, including coal-based high-end chemicals and coal-to-oil, to promote industrial clustering in designated industrial zones [2][4] - The transformation of coal into various products, including construction materials and biodegradable medical supplies, signifies a shift towards sustainable practices in the coal industry [2][4] - The establishment of the Yulin Zhongke Clean Energy Innovation Research Institute aims to integrate technology and industry, focusing on hydrogen energy storage and downstream coal chemical research [3][4] Environmental Initiatives - Yulin is actively pursuing carbon reduction strategies, including the largest carbon capture and utilization project in Shaanxi, which aims to reduce CO2 emissions by 1.01 million tons annually [4] - The project converts CO2 into useful products for oil recovery, underground storage, and agricultural fertilizers, aligning with global green energy trends [4] - The introduction of innovative technologies in coalbed methane extraction and low-carbon fracturing techniques reflects the industry's commitment to reducing carbon emissions [5]

Report Industry Investment Ratings - Propylene, Polyolefins, Styrene, PTA, Short Fiber, Bottle Chip, Methanol, Urea, PVC, and Glass are rated ☆☆☆, indicating a clearer long/short trend and relatively appropriate investment opportunities currently [1]. - Pure Benzene is rated ☆☆☆, suggesting a clearer long/short trend and relatively appropriate investment opportunities currently [1]. - Ethylene Glycol is rated ☆☆☆, meaning a clearer long/short trend and relatively appropriate investment opportunities currently [1]. - Caustic Soda is rated ☆☆☆, indicating a clearer long/short trend and relatively appropriate investment opportunities currently [1]. - Soda Ash is rated ☆☆☆, suggesting a clearer long/short trend and relatively appropriate investment opportunities currently [1]. Report's Core View - In the chemical industry, different products present diverse market conditions. Some products have positive short - term trends but face long - term supply - demand imbalances, while others are affected by factors such as weather, downstream demand, and production capacity changes [2][3][5]. Summary by Related Catalogs Olefins - Polyolefins - Propylene futures rose slightly. Supply is increasing, but lower prices led to better low - price sales. Polyolefins futures also rose slightly. Polyethylene has inventory pressure, and polypropylene's supply is still ample despite some improvement in the packaging sector [2]. Pure Benzene - Styrene - Pure benzene futures rebounded slightly. Its weekly production decreased, and port inventory declined, but high import expectations and poor downstream profits weakened the outlook. Styrene futures rose slightly but remained below the 5 - day moving average, with sufficient supply and weak demand [3]. Polyester - PX's strong supply - demand expectations weakened, but an oil price rebound drove up PX and PTA prices. PTA's profitability is poor. Ethylene glycol prices fell, with weak expectations. Short - fiber new capacity is limited, and demand is improving. Bottle - chip production was affected by typhoons, but long - term over - capacity is a concern [5]. Coal Chemical Industry - Methanol stopped falling. Port unloading was slow, and MTO plant operations increased, leading to port de - stocking. However, high port inventory limited price increases. Urea prices rose, but supply still exceeded demand, and the export window is closing [6]. Chlor - Alkali - PVC's supply - demand is loose, with high inventory. It may show a weak and volatile trend. Caustic soda has a weak current situation but strong future expectations, and the 2510 - 2601 spread may widen [7]. Soda Ash - Glass - Soda ash rose with glass. Soda ash production is expected to increase, and long - term supply is excessive. Glass prices rose due to industry meetings and planned price hikes. In the short - term, it may be strong, but long - term trends depend on capacity reduction [8].

Group 1 - The overall economic performance of China's basic chemical industry showed a steady improvement in the first half of the year, with 535 companies reporting a total revenue of 1,352.868 billion yuan, a year-on-year increase of 4.53%, and a net profit attributable to shareholders of 78.371 billion yuan, up 0.28% [1] - Among 31 sub-industries, 20 reported revenue growth, indicating a continuous optimization of the industrial structure and steady development of new productive forces within the basic chemical sector [1] Group 2 - Certain sub-industries, such as potash fertilizer, modified plastics, fluorochemicals, and others, experienced significant profit growth, benefiting from factors like reduced overseas supply and strong global demand [2] - Potash fertilizer companies collectively achieved a revenue of 13.129 billion yuan, a 3.57% increase, and a net profit of 5.663 billion yuan, soaring by 39.69% [2] - The fluorochemical sector saw a remarkable increase in revenue for refrigerant companies, totaling 33.488 billion yuan, a 29.96% rise, and a net profit of 4.575 billion yuan, up 137.42% [2] Group 3 - The modified plastics sector reported robust growth, with 16 companies generating a revenue of 60.319 billion yuan, a 20.7% increase, and a net profit of 1.531 billion yuan, up 29.64% [3] - This growth was driven by strong demand in emerging markets and technological advancements in high-performance materials [3] Group 4 - Despite positive performances in some areas, supply-demand mismatches remain a significant challenge for high-quality development in the industry [4] - The carbon black industry faced low operating rates and profitability issues, with five companies reporting a revenue of 21.295 billion yuan, a 1.52% increase, but a net profit drop of 24% to 0.078 billion yuan [4] - The titanium dioxide sector experienced a revenue decline of 10.92% to 30.65 billion yuan and a net profit decrease of 38.55% to 1.962 billion yuan [4] Group 5 - The tire industry is grappling with rising raw material costs and intense competition, leading to a revenue drop of 11.24% to 101.613 billion yuan and a net profit decline of 21.07% to 6.85 billion yuan [4] - The government is promoting a "de-involution" strategy to eliminate unfair competition and facilitate the orderly exit of outdated capacities, aiming for higher quality development in the chemical industry [5] - This policy is expected to alleviate issues of overcapacity and chaotic competition in certain sub-industries, leading to a potential phase of improvement in industry conditions [5]

9 月 11 日，中国科学院院士徐星走进贵州省六盘水市水城区第一实验中学，为学生作《恐龙科学发现的 故事》科普讲座。中国科学院供图 中国科学院帮扶团队在贵州省六盘水市推广的防雹网技术，能有效保护网下作物，在全市已推广超万 亩。中青报 · 中青网见习记者 蒋继璇 / 摄 中国科学院帮扶团队帮助在贵州省六盘水市水城区选育的刺梨品种。中青报 · 中青网见习记者 蒋继璇 / 摄 贵州省六盘水市水城区蟠龙镇百车河社区果农晏庭银和他种的 " 东红 " 猕猴桃。该品种由中国科学院相 关专家团队选育，猕猴桃为当地农业的支柱产业。中青报 · 中青网见习记者 蒋继璇 / 摄 "请您在书上帮我签个名！"9月11日下午，贵州省六盘水市水城区第一实验中学内，十几名"追 星"的学生从礼堂一路小跑出来，他们手中拿着中国科学院刚为该校捐赠的图书，而被他们围住签名的 人，是中国科学院院士、古生物学家徐星。 为孩子"摘"一颗科学的星 两个小时前，在徐星《恐龙科学发现的故事》的科普讲座上，学生们第一次能够与院士面对面交 流。 孩子们能有这次交流机会，得益于中国科学院在9月11日至14日主办的"院士专家走进定点帮扶县专 题活动"。这场科普讲座也是近 ...

Group 1 - Tianchen Company signed an EPC general contracting agreement for a project to produce 2.6 million tons of coke and utilize resources, with an initial phase of 1.3 million tons of coke and an LNG facility [1] - The collaboration between Tianchen Company and Shandong Energy Xinkun Group reflects a long-standing partnership and mutual trust, aiming to deepen cooperation in the energy and chemical sectors [1] - The project is significant for optimizing the regional energy structure and enhancing energy utilization efficiency, aligning with Shandong Energy Group's strategic mission of creating green energy and leading energy transformation [2] Group 2 - The project is crucial for the local coal industry in Inner Mongolia, expected to generate an annual output value of 3.5 billion yuan once fully operational [2] - The implementation of the project will promote the rational use of local coal resources, accelerate resource conversion, and extend the industrial chain, achieving a balance of economic, social, and environmental benefits [2]

9月23日，宝丰能源盘中上涨2.01%，截至09:49，报16.76元/股，成交1.31亿元，换手率0.11%，总市值 1229.07亿元。 资金流向方面，主力资金净流出134.26万元，特大单买入948.50万元，占比7.26%，卖出1657.45万元， 占比12.68%；大单买入2984.68万元，占比22.83%，卖出2410.00万元，占比18.44%。 宝丰能源今年以来股价涨3.78%，近5个交易日跌1.18%，近20日跌1.18%，近60日涨5.34%。 资料显示，宁夏宝丰能源集团股份有限公司位于宁夏银川市宁东能源化工基地宝丰循环经济工业园区， 成立日期2005年11月2日，上市日期2019年5月16日，公司主营业务涉及煤制烯烃。主营业务收入构成 为：主要产品85.00%，其他产品14.96%，租赁收入0.04%。 宝丰能源所属申万行业为：基础化工-化学原料-煤化工。所属概念板块包括：沥青概念、甲醇概念、大 盘、碳中和、增持回购等。 截至6月30日，宝丰能源股东户数6.30万，较上期增加2.29%；人均流通股116356股，较上期减少 2.24%。2025年1月-6月，宝丰能源实现营业收入228. ...

Company Overview - Jinniu Chemical is located in Shijiazhuang, Hebei Province, and was established on June 17, 1996, with its listing date on June 26, 1996. The company primarily engages in the production and sales of methanol, with its main business revenue composition being 99.75% from chemical products and 0.25% from other sources [1]. Stock Performance - As of September 23, Jinniu Chemical's stock price decreased by 2.02%, trading at 6.29 CNY per share, with a total market capitalization of 4.279 billion CNY. The stock has seen a year-to-date increase of 34.40%, but has declined by 11.90% over the last five trading days, 10.01% over the last 20 days, and 1.10% over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" four times this year, with the most recent appearance on June 24, where it recorded a net buy of -11.729 million CNY, with total buys of 61.195 million CNY (8.55% of total trading volume) and total sells of 72.924 million CNY (10.19% of total trading volume) [1]. Financial Performance - For the period from January to June 2025, Jinniu Chemical reported an operating income of 235 million CNY, a year-on-year decrease of 1.42%. The net profit attributable to the parent company was 26.7079 million CNY, reflecting a year-on-year increase of 1.65% [2]. - The company has cumulatively distributed 31.6065 million CNY in dividends since its A-share listing, with no dividends distributed in the past three years [3]. Shareholder Information - As of September 10, the number of shareholders for Jinniu Chemical was 59,000, a decrease of 4.84% from the previous period. The average number of circulating shares per person increased by 5.09% to 11,530 shares [2].

Core Viewpoint - Degute (SZ 300950, closing price: 31.51 yuan) announced that on September 22, 2025, it will accept investor research from Qingdao Shuo Fang Investment and others, with participation from the company's general manager, Song Chao, who will address investor inquiries [1] Company Summary - For the first half of 2025, Degute's revenue composition is as follows: petrochemical industry accounts for 50.31%, coal chemical industry accounts for 40.32%, other industries account for 8.59%, and other businesses account for 0.78% [1] - As of the report date, Degute's market capitalization is 4.8 billion yuan [1]