10月13日，泰禾股份跌0.98%，成交额4420.58万元。两融数据显示，当日泰禾股份获融资买入额478.26 万元，融资偿还487.08万元，融资净买入-8.81万元。截至10月13日，泰禾股份融资融券余额合计 7709.27万元。 机构持仓方面，截止2025年6月30日，泰禾股份十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股40.19万股，为新进股东。 责任编辑：小浪快报 资料显示，南通泰禾化工股份有限公司位于上海市长宁区临虹路365号北5座，成立日期2004年4月29 日，上市日期2025年4月11日，公司主营业务涉及农药产品以及功能化学品的研发、生产和销售。主营 业务收入构成为：除草剂43.14%，杀菌剂37.30%，功能化学品9.98%，其他9.57%。 截至10月10日，泰禾股份股东户数1.66万，较上期减少0.29%；人均流通股2161股，较上期增加0.29%。 2025年1月-6月，泰禾股份实现营业收入24.13亿元，同比增长23.15%；归母净利润1.82亿元，同比增长 72.20%。 分红方面，泰禾股份A股上市后累计派现2.70亿元。 融资方面，泰禾股份当日融资买入478 ...

每经AI快讯，新农股份（SZ 002942，收盘价：19.87元）10月13日晚间发布公告称，浙江新农化工股份 有限公司董事兼副总经理张坚荣先生持有公司股份约228万股（占公司总股本比例为1.465%），计划自 本公告披露日起15个交易日后的3个月内，以集中竞价交易或大宗交易方式减持公司股份不超过57万 股。 2025年1至6月份，新农股份的营业收入构成为：农药行业占比93.18%，其他业务占比6.82%。 截至发稿，新农股份市值为31亿元。 每经头条（nbdtoutiao）——中科院博导带队，中国固态电池技术又有重大突破！ （记者 曾健辉） ...

2024年1至12月份，中化国际的营业收入构成为：化工新材料行业占比39.28%，其他占比31.04%，农药 占比29.68%。 截至发稿，中化国际市值为153亿元。 每经AI快讯，中化国际（SH 600500，收盘价：4.26元）10月13日晚间发布公告称，柯希霆先生因工作 调整申请辞去公司董事会秘书职务。辞职后柯希霆先生将继续在公司担任其他职务。经董事会提名与公 司治理委员会审查通过，董事会同意聘任浦江先生为公司董事会秘书。 每经头条（nbdtoutiao）——AI技术滥用调查：明星可被"一键换装"，"擦边"内容成流量密码，技术防 线为何形同虚设？ （记者 王晓波） ...

每经头条（nbdtoutiao）——AI技术滥用调查：明星可被"一键换装"，"擦边"内容成流量密码，技术防 线为何形同虚设？ （记者 曾健辉） 2024年1至12月份，中化国际的营业收入构成为：化工新材料行业占比39.28%，其他占比31.04%，农药 占比29.68%。 截至发稿，中化国际市值为153亿元。 每经AI快讯，中化国际（SH 600500，收盘价：4.26元）10月13日晚间发布公告称，公司第十届第十二 次董事会会议于2025年10月13日以通讯表决的方式召开。会议审议了《关于宁夏锂电破产重整方案的议 案》等文件。 ...

Group 1 - The chemical sector experienced a significant pullback on October 13, with the chemical ETF (516020) declining by 3.19% [1][2] - Key stocks in the sector, including Tongkun Co., Ltd., fell over 7%, while several others like Xin Fengming and Huafeng Chemical dropped more than 6%, negatively impacting the overall sector performance [1][2] - The chemical ETF has seen a capital inflow of over 80 million yuan in the last three trading days, indicating renewed interest from investors [1][2] Group 2 - The chemical industry is currently at a historical low in terms of profitability and valuation, with a profit margin of 4.14% for the chemical raw materials and products sector as of August 2025 [3] - The price-to-book ratio for the chemical ETF (516020) is at 2.4 times, which is in the 41.57 percentile of the last decade, suggesting a favorable long-term investment opportunity [3] - The construction of new projects in the basic chemical sector has seen a decline for three consecutive quarters, confirming a supply turning point and indicating a potential improvement in the industry landscape [4] Group 3 - Investment strategies suggest focusing on sectors with significant profit elasticity, such as pesticides, organic silicon, and polyester filament, which are expected to benefit from supply-side improvements [4] - The chemical ETF (516020) tracks the CSI segmented chemical industry index, covering various sub-sectors and concentrating nearly 50% of its holdings in large-cap stocks like Wanhua Chemical and Salt Lake Industry [4] - Investors can also consider the chemical ETF linked funds (A class 012537/C class 012538) for exposure to the chemical sector [4]

Core Viewpoint - The stock of Lanfeng Biochemical experienced a dramatic fluctuation, moving from a limit down to a limit up, indicating significant market activity and investor interest [1] Group 1: Stock Performance - The stock price of Lanfeng Biochemical saw a trading volume of 111 million shares and a transaction value of 950 million yuan [1] - The stock exhibited a volatility of 19.95% and a turnover rate of 41.71% [1] - The amount of money locked in the limit up order was 41.84 million yuan [1]

10月13日，利民股份涨5.44%，截至发稿，报20.35元/股，成交6.13亿元，换手率7.83%，总市值90.37亿 元。利民股份股价已经连续5天上涨，区间累计涨幅10.6%。 截至发稿，吴邦栋累计任职时间7年216天，现任基金资产总规模13.29亿元，任职期间最佳基金回报 126.03%， 任职期间最差基金回报-25.02%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，华泰柏瑞基金旗下1只基金重仓利民股份。华泰柏瑞战略新兴产业混合A（005409）二季度 持有股数8.9万股，占基金净值比例为1.97%，位居第六大重仓股。根据测算，今日浮盈赚取约9.35万 元。连续5天上涨期间浮盈赚取16.47万元。 华泰柏瑞战略新兴产业混合A（005409）成立日期2018年1月16日，最新规模8080.84万。今年以来收益 14.87%，同类排名5346/8234；近一年收益12.73%，同类排名5314/8083；成立以来收益88.13%。 ...

证券研究报告 | 2025年10月13日 | 晨会纪要 | | --- | | 数据日期:2025-10-10 | 上证综指 | 深证成指沪深 | 300 指数 | 中小板综指 | 创业板综指 | 科创 50 | | --- | --- | --- | --- | --- | --- | --- | | 收盘指数（点） | 3897.02 | 13355.41 | 4616.83 | 14445.20 | 3845.28 | 1452.67 | | 涨跌幅度（%） | -0.93 | -2.69 | -1.96 | -1.59 | -3.13 | -5.61 | | 成交金额（亿元） | 11321.27 | 13834.86 | 7927.43 | 4908.01 | 6176.00 | 1194.86 | $\frac{10}{100}\sum\limits_{\begin{subarray}{c}\text{\rm{B}}\\ \text{\rm{B}}\end{subarray}}\frac{10}{100}\sum\limits_{\begin{subarray}{c}\text{\rm{B}}\\ ...

明日主题前瞻 1、卫星互联网 | 工信部就《工业和信息化部关于组织开展卫星物联网业务商用试验的通知（征求意见稿）》公开征求意见。其中提出，通过开展卫星物联 网业务商用试验，丰富卫星通信市场供给，激发市场主体活力，提升行业服务能力，建立安全监管体系，形成可复制可推广的经验和模式，支撑商业航天、 低空经济等新兴产业安全健康发展，服务构建新发展格局。商用试验期为两年。 点评：据中证报，业内人士普遍认为，相较手机终端，卫星物联网相关的应用场景更为丰富多样，能满足更多细分场景下设备的通信需求。卫星物联网是空 天地一体网络的重要组成，通过利用卫星平台为物联网设备提供通信服务，能够弥补地面蜂窝网络在覆盖范围、灾难恢复、紧急通信等方面的不足，与地面 蜂窝网络优势互补、深度融合，共同形成空天地一体的异构网络架构。权威预计，2030年全球市场规模有望突破千亿美元，中国贡献率超30%。 2、工业软件 | 据中新网，工信部等七部门近日联合印发《深入推动服务型制造创新发展实施方案(2025—2028年)》，提出到2028年，打造服务型制造升级 版，完成20项标准制定，打造50个领军品牌，建设100个创新发展高地。《方案》提出的重点生产 ...

Core Viewpoint - The Chinese capital market is entering a deep-water reform phase during the later period of the 14th Five-Year Plan, focusing on enhancing the quality of listed companies and mitigating financial risks through the implementation of merger, acquisition, and bankruptcy reorganization systems [1][2]. Group 1: Policy and Regulatory Developments - The China Securities Regulatory Commission (CSRC) is optimizing the bankruptcy reorganization system to effectively mitigate risks and enhance the quality of listed companies, with new guidelines set to be released in 2025 [2]. - The State-owned Assets Supervision and Administration Commission (SASAC) is pushing for state-owned enterprises (SOEs) to transition from short-term relief to long-term governance through mergers and acquisitions, emphasizing the importance of maintaining market stability [2]. Group 2: Case Study of Hongyang Company - Hongyang Company, a high-tech enterprise in the green pesticide sector, underwent a pre-reorganization process starting in November 2022, successfully resolving 14.1 billion yuan in debt and stabilizing employment for nearly 10,000 workers [3]. - The reorganization plan was completed by December 2024, marking Hongyang as the first listed company to finish reorganization under the new regulatory framework, with its stock name changed to "Hongyang" and daily trading limits increased from 5% to 10% [3]. Group 3: Financial Performance - In 2024, Hongyang achieved revenue of 3.007 billion yuan and turned a profit of 388 million yuan, recovering from a loss of 389 million yuan in the previous year [4]. - By mid-2025, the company reported revenue of 1.460 billion yuan but incurred a loss of 208 million yuan, indicating a significant reduction in losses compared to the previous year [4]. Group 4: Strategic Changes and Governance - The controlling shareholder of Hongyang changed to Yunnan Heao Industrial Partnership, marking its transition to a state-owned enterprise with a focus on strategic investment rather than mere financial rescue [5]. - The governance structure was overhauled to align with state-owned enterprise standards, ensuring prudent management of significant operational and financial decisions [6]. Group 5: Innovation and Market Expansion - Hongyang is innovating its technology and product offerings, including the development of new patented processes and entry into the biological pesticide market [7]. - The company is also expanding its international presence, particularly in Southeast Asia, by leveraging local resources for its agricultural products and establishing new production bases [8].