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 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 广州鹿山新材料股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召 开第五届董事会第二十六次会议及第五届监事会第二十二次会议，分别审议通过 《关于使用部分暂时闲置募集资金补充流动资金的议案》，同意公司使用首次公 开发行股票部分暂时闲置募集资金不超过 4,500.00 万元及公开发行可转换公司 债券部分暂时闲置募集资金不超过 28,000.00 万元用于暂时补充流动资金，使用 期限自董事会审议通过之日起不超过 12 个月。具体详见公司于 2025 年 4 月 28 日在上海证券交易所网站（www.sse.com.cn）披露的《广州鹿山新材料股份有限 公司关于使用部分暂时闲置募集资金补充流动资金公告》 （公告编号：2025-020）。 证券代码：603051 证券简称：鹿山新材 公告编号：2025-041 债券代码：113668 债券简称：鹿山转债 广州鹿山新材料股份有限公司 关于归还暂时用于补充流动资金的闲置募集资金的 在上述规定的使用期限内，公司实际使用首次公 ...

Group 1 - The meeting between the Secretary of the Autonomous Region and the Chairman of Jinjiang Group highlighted the importance of Jinjiang Group's contributions to the economic and social development of Guangxi [1] - Guangxi is focusing on high-quality development, particularly in the non-ferrous metal industry, and aims to enhance its industrial system and cooperation with ASEAN in artificial intelligence [1] - Jinjiang Group is encouraged to leverage its strengths to participate in the high-quality development of Guangxi's non-ferrous metal industry and optimize its investment layout in chemical new materials and aluminum [1] Group 2 - Jinjiang Group expressed gratitude for the support received from the local government and outlined its ongoing projects in Guangxi, including the construction of the Baise Tiandong Circular Economy Industrial Park and the Longzhou Ecological Alumina Project [2] - The company aims to expand its business in Guangxi by focusing on local needs and its capabilities, while also targeting the ASEAN chemical and non-ferrous metal markets [2]

Core Viewpoint - Wuxi Chuangda New Materials Co., Ltd. has completed its listing guidance and plans to list on the Beijing Stock Exchange, with Shenwan Hongyuan Securities as the underwriting sponsor [3] Company Overview - Chuangda New Materials was established in 2003 and specializes in the research, production, and sales of high-performance thermosetting composite materials [3] - The main products include epoxy molding compounds, liquid epoxy encapsulants, silicone gels, phenolic molding compounds, and conductive silver pastes [3] Financial Performance - In 2024, Chuangda New Materials reported a revenue of 419 million yuan, representing a year-on-year increase of 21.53% [3] - The net profit attributable to shareholders was 61.22 million yuan, up 18.95% year-on-year [3] - The gross profit margin was 31.8%, slightly up from 31.47% in the previous year [3] Shareholding Structure - The actual controllers, Zhang Jun and Lu Nanping, collectively control 51.87% of the company's shares [3] - Zhang Jun holds 26.98% of the voting rights and serves as the Chairman and General Manager [3] - Lu Nanping holds 24.89% of the voting rights and serves as the Vice Chairman and Deputy General Manager [3] - They, along with other investors, have signed a "Joint Action Agreement" [3]

Group 1 - The core viewpoint of the articles highlights the recent performance and financial metrics of Akol, including a significant stock price increase and its market valuation [1][2] - As of June 11, Akol's closing price was 42.82 yuan, marking a 9.99% increase, with a latest price-to-book ratio of 4.42 and a total market capitalization of 4.098 billion yuan [1] - The company has three institutional investors holding a total of 731,000 shares, with a combined market value of 30 million yuan [1] Group 2 - Akol specializes in the research, production, and sales of chemical new materials, including polyether amines and optical-grade polymer materials [1] - The company has been recognized as a national-level specialized and innovative small giant enterprise and holds various research and development qualifications [1] - As of December 31, 2024, Akol has been granted 30 national invention patents and one U.S. invention patent, with 16 additional patents pending [1] Group 3 - In the latest financial report for Q1 2025, Akol reported revenue of 106 million yuan, a year-on-year increase of 2.70%, while net profit was -4,825,999.14 yuan, reflecting a year-on-year decline of 505.20% [1] - The company's gross profit margin stood at 6.22% [1] - The price-to-earnings (P/E) ratio for Akol is significantly higher than the industry average, with a trailing P/E of 159.65 compared to the industry average of 71.48 [2]

Core Viewpoint - The chemical new materials industry is a crucial sector for strategic emerging industries, playing an irreplaceable role in promoting industrial upgrades, ensuring national security, and facilitating sustainable economic development [1]. Group 1: Industry Development - During the "14th Five-Year Plan" period, China's chemical new materials capacity and output have steadily expanded, with self-sufficiency rates continuously improving, marking a rapid development phase [2]. - Significant achievements have been made in system construction, technological innovation, and market cultivation, making it the fastest-growing and most dynamic field in China's chemical industry [2]. - Technological innovations have seen breakthroughs, with key technologies and products developed, such as metallocene polypropylene and high-performance carbon fibers, breaking foreign monopolies and supporting domestic manufacturing [2]. Group 2: Application and Market Expansion - Chemical new materials are widely applied in strategic emerging industries such as new energy, electronic information, aerospace, and high-end equipment manufacturing, enhancing performance and efficiency [3]. - The industry has formed clusters in regions like Bohai Rim, Yangtze River Delta, and Pearl River Delta, fostering collaboration among leading enterprises and research institutions [3]. - Leading companies like China National Chemical Corporation and Sinopec have made significant progress in various sub-sectors, becoming key players in high-performance chemical materials [3]. Group 3: Challenges and Areas for Improvement - The industry faces challenges such as insufficient innovation capabilities and an unreasonable product structure, with a lack of original innovation and collaboration between enterprises and research institutions [4][5]. - High-end product self-sufficiency rates remain low, with significant reliance on imports for critical materials like metallocene polyethylene, posing risks to national supply chain security [5]. - Market competition is intensifying, with domestic companies facing pressure from multinational corporations, leading to a shift towards integrated competition across the entire industry chain [6]. Group 4: Future Directions - To address existing issues, the industry must strengthen basic research, enhance innovation capabilities, and establish collaborative mechanisms between academia and industry [7]. - Upgrading and transforming the industry by focusing on key strategic needs and optimizing the product structure is essential for improving overall competitiveness [8]. - A comprehensive industrial ecosystem should be developed, including robust service platforms and financial support to facilitate innovation and market stability [9].

Core Viewpoint - Wanhua Chemical has signed a memorandum of cooperation with European lithium iron phosphate (LFP) battery manufacturer ElevenEs to establish a localized battery cathode material supply chain in Europe, which is expected to enhance Wanhua's overseas performance and strengthen its global competitive advantage [1][4]. Group 1: Partnership and Supply Chain - Wanhua Chemical will supply ElevenEs with key battery materials including LFP cathode materials, PVDF binders, and NMP solvents, while providing global supply chain support for ElevenEs' production base in Serbia [1]. - The collaboration aims to expand into electric vehicles and energy storage systems in the future [1]. Group 2: Company Background and Product Development - Wanhua Chemical operates globally in five major industrial clusters, including battery materials, and has established multiple production bases and R&D centers across various countries [2]. - The company has developed a new generation of high-density LFP cathode materials and sodium-ion battery materials, showcasing significant improvements in energy density and performance [2]. Group 3: Strategic Projects and Future Plans - Wanhua's new battery materials industrial park in Shandong, with a total investment of 16.8 billion yuan, is set to produce 100,000 tons of LFP by June 2026 and reach full production by December 2032 [3]. - The company has also signed a joint development agreement with German firm IBU-tec to scale up LFP material production, with preliminary results expected in Q3 2023 [3]. Group 4: Industry Trends - The lithium battery industry is increasingly focusing on overseas expansion, particularly in Europe, to meet rising battery demand and mitigate trade risks [4]. - Wanhua's collaboration with international firms represents a significant step for domestic companies to reduce risks and costs while rapidly introducing products to local markets [4].

Core Viewpoint - The credit rating agency maintains the rating of Jingrui Electronic Materials Co., Ltd. at A+ with a stable outlook, reflecting the company's diversified business structure, stable and high-quality customer base, and strong product and technological advantages [4][10][11]. Financial Overview - Total assets of Jingrui Electronic Materials reached 51.50 billion yuan in 2023, with total liabilities at 15.21 billion yuan, resulting in a debt-to-asset ratio of 29.53% [6][20]. - The company reported total revenue of 14.35 billion yuan in 2023, with a net profit of -1.91 billion yuan, indicating a decline in profitability due to market competition and goodwill impairment losses [6][19]. - The EBITDA for 2023 was 1.76 billion yuan, with an EBITDA interest coverage ratio of 3.62 times [6][20]. Business Structure and Market Position - Jingrui Electronic Materials has a diversified business structure, focusing on semiconductor materials and new energy materials, with a significant market share in high-purity hydrogen peroxide exceeding 40% [11][12]. - The company has maintained a stable market position in the domestic microelectronics chemical sector, with ongoing expansion in production capacity for high-purity chemicals and photoresists [11][12][17]. Investment and Growth Prospects - The company plans to enhance its product and technology investments, particularly in semiconductor and new energy sectors, with ongoing projects requiring substantial capital expenditures [11][18]. - Recent capital increases through private placements and stock issuances are expected to alleviate investment pressures and improve financial strength [10][19]. Risks and Challenges - The company faces challenges from intensified market competition, leading to price declines in some products and reduced profitability [5][19]. - The low shareholding ratio of the controlling shareholder is a concern, as it has been continuously diluted due to capital increases [10][19]. Research and Development - Jingrui Electronic Materials has increased its R&D investment, with a focus on high-end photoresists and high-purity chemicals, aiming to enhance its competitive edge in the market [17][18]. - The company holds 175 patents, including 74 invention patents, reflecting its commitment to innovation and technological advancement [17].

证券代码：300398 证券简称：飞凯材料 公告编号：2025-100 上海飞凯材料科技股份有限公司 关于召开 2025 年第三次临时股东会的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 上海飞凯材料科技股份有限公司（以下简称"公司"）于 2025 年 5 月 28 日在巨潮资讯网上发布了《关于召开 2025 年第三次临时股东会的通知》，公司 将于 2025 年 6 月 16 日（星期一）下午 14:30 召开 2025 年第三次临时股东会。 鉴于本次股东会将采用现场表决与网络投票相结合的方式，为了便于各位股东行 使股东会表决权，保护广大投资者合法权益，现再次将有关事项公告如下： 一、召开会议的基本情况 过，决定召开本次股东会。本次股东会会议召开符合有关法律、行政法规、部门 规章、规范性文件和《公司章程》等的规定。 （1）现场会议时间：2025 年 6 月 16 日（星期一）下午 14:30 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为 2025 年 6 月 16 日（星期一）的交易时间，即 9:15-9:25，9:3 ...

Core Viewpoint - The emphasis on building a collaborative innovation platform between schools, enterprises, and local governments aims to enhance the efficiency of technology transfer and ensure seamless integration of the innovation chain and industrial chain [1] Group 1: Policy and Strategic Initiatives - Jiangsu has issued guidelines to support the high-quality development of Nanjing Jiangbei New Material Technology Park, focusing on creating an efficient technology transfer system and upgrading traditional industries [1][7] - The park aims to strengthen the integration of innovation and industry through various policies and initiatives, fostering a collaborative ecosystem for technology and talent [3][4] Group 2: Industry Development and Ecosystem - Nanjing Jiangbei New Material Technology Park is committed to transforming traditional industries towards high-end, intelligent, and green upgrades, leveraging partnerships with major companies like Sinopec and BASF [2] - The park has developed a unique industrial ecosystem based on petrochemical raw materials, nurturing key industries such as polyurethane and synthetic rubber, while also expanding into strategic emerging fields [2] Group 3: Innovation and Collaboration - The park has successfully facilitated over 100 technology investment projects and established partnerships with high-end research entities, resulting in significant advancements in technology transfer and innovation [3] - A newly formed Industrial Innovation Alliance, comprising 14 universities and 60 enterprises, aims to enhance collaboration between academia and industry, leading to the establishment of multiple technology transfer bases [4][5] Group 4: Infrastructure and Investment - The construction of a pilot test base, covering 156 acres with an investment of 640 million yuan, is underway to support the industrialization of disruptive technologies [6][7] - The pilot test base will feature various functional areas to create a complete innovation chain for the new materials industry, facilitating research, incubation, and commercialization [7] Group 5: Future Directions and Technological Integration - The introduction of AI technology in material development is expected to revolutionize research and development processes, with a focus on catalysis and polymer materials [8] - The park aims to become a national hub for innovation in the new materials industry, fostering high-quality development and creating new production capabilities [8]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The price of Sustainable Aviation Fuel (SAF) has increased, with the latest European FOB price at $1898 per ton, up 6.51% week-on-week and 2.37% year-to-date [3][12] - Refrigerant prices remain high, with R22 at 36000 CNY per ton, R32 at 51000 CNY per ton, and R134a at 48500 CNY per ton, all stable compared to the previous week [4][12] - The demand for high-performance fibers and lightweight materials is expected to rise due to advancements in robotics and the low-altitude economy [5][40] Summary by Sections 1. Sub-industry Tracking - SAF prices have risen significantly, reflecting strong demand and supply dynamics [3][12] - Refrigerant prices are stable but have shown significant year-on-year increases, enhancing profitability [4][12] - The market for high-performance fibers, such as carbon fiber and ultra-high molecular weight polyethylene (UHMWPE), is gaining attention due to their applications in various industries [5][40] 2. Electronic Chemicals - The electronic chemicals sector is characterized by a wide variety of specialized products, with a focus on wet electronic chemicals, photoresists, and electronic gases [14][17] - The market is experiencing a shift towards domestic production due to policy support and import substitution trends [21][24] 3. New Production Forces - Carbon fiber and UHMWPE are highlighted as key materials benefiting from the low-altitude economy and robotics industry [36][40] - PEEK materials are increasingly used in humanoid robots, with significant growth in market demand [41][40] 4. Lithium Battery/Storage Materials - Conductive agents like carbon black and carbon nanotubes are essential for lithium battery materials, with current market prices reflecting a downward trend [44][47] - Sodium-ion battery materials are gaining traction due to their cost advantages and potential applications in large-scale energy storage [47][48] 5. Renewable and Modified Plastics - The market for renewable plastics is expanding, driven by environmental concerns and increasing recycling rates [64][68] - Special engineering plastics are in demand across various sectors, including automotive and aerospace, due to their superior performance characteristics [64][68] 6. Coatings, Inks, and Pigments - The demand for new functional coating materials is rising, supported by growth in the automotive and consumer electronics sectors [71][72] 7. Market Performance - The basic chemical industry has shown resilience, with a 2.65% increase in the index, outperforming the broader market [75][81]