2025年12月24日，走进位于新疆生产建设兵团第十三师新星经济技术开发区二道湖工业园区的新疆中能 绿源化工有限公司资源清洁高效综合利用一体化项目生产现场，气化炉正向净化装置输送产品，各项工 艺参数均保持平稳运行。 目前，新疆班超集团已建成一期120万吨洁净碳、二期2万吨金属镁提标改造项目，在新星经济技术开发 区形成5万吨金属镁、15万吨镁合金产能，配套120万吨洁净碳和100万吨焦炭产能，构建起完善的区域 循环经济体系。 作为师市"6+12+10"重大产业项目标杆，该项目总投资87亿元，于2024年3月开工建设，2025年10月完 成安装调试。"2025年10月31日，航天炉一次性点火成功，标志着整个装置进入试生产阶段，自投产以 来，目前运行稳定，整个装置均达到设计产能，可实现年产60万吨合成氨、100万吨尿素。"该公司生产 部部长李琦说。 重大项目的加速推进，离不开师市健全的保障体系。2025年，师市紧扣"五大行动"战略部署，将"重大 项目支撑保障行动"作为突破发展的关键抓手，建立起重大项目全周期发力、全要素保障、全流程提 速、全方位服务的保障机制，全力抓好28个"6+12+10"重大产业项目、87个政府 ...

冬日，走进四川绵竹新市化工园区，龙佰四川钛业有限公司、龙蟒大地农业有限公司这对"邻居"企业 间，正在发生奇妙的"化学反应"。两家企业共同生产的产品，正是新能源汽车动力电池不可或缺的正极 材料。不远处的绵竹新材料化工园区塔罐林立，智慧化管理中心巨大的电子屏幕上数据实时跳动，精准 掌控着整个园区的生产脉搏。 "传统"与"新兴"的交融，勾勒出绵竹这座西部工业重镇转型升级的生动剪影。当前，绵竹市正重塑工业 结构、转换发展动能，在新能源、节能环保等战略性新兴产业方面积极布局，将宏伟蓝图转化为工业经 济高质量发展的生动实践。 作为四川省重要的化工产业集聚区，绵竹曾面临着产业结构单一、发展动能不足的问题。面对困局，绵 竹精准把握产业变革趋势，以两大省级化工园区为重要载体，开启了从"传统基地"到"创新高地"的蜕变 之路。 绵竹新市化工园区内，聚集了龙佰钛业、龙蟒大地等28家企业，去年实现产值121亿元。通过构建完整 的循环经济产业链，园区实现资源的高效循环利用，传统产业焕发新生机。 而在绵竹新材料化工园区，一场以"锂电新材料、高端化工新材料"为重点的产业升级正在深入推进。致 远锂业、川发龙蟒、国城锂业、思创锂盐等12家行业新 ...

Core Viewpoint - China National Chemical Corporation (Sinochem International) expects a significant net loss for the first half of 2025, with net profit attributable to shareholders ranging from -76,067 million to -89,490 million yuan, indicating a challenging financial outlook due to low product prices and operational difficulties [1][6]. Performance Forecast - The company anticipates a net profit attributable to shareholders of -80,675 million to -94,911 million yuan for the first half of 2025, with a net profit excluding non-recurring items expected to be between -76,067 million and -89,490 million yuan [1]. - The forecast has not been audited by registered accountants [1]. Previous Year Comparison - In the same period last year, the net profit attributable to shareholders was 1,232 million yuan, while the net profit excluding non-recurring items was -82,525 million yuan [1]. - Earnings per share for the previous year were 0.003 yuan [1]. Reasons for Expected Loss - The primary reason for the expected loss is the impact of the main business operations, with product prices remaining at historical lows despite efforts to enhance operational capabilities [1]. - The company is focusing on improving operational management through marketing, production efficiency, and cost reduction in the supply chain [1]. Business Segments Overview - The company operates in five main segments: basic raw materials and intermediates, high-performance materials, polymer additives, chemical materials marketing, and other segments [3]. - The basic raw materials segment includes products like epoxy chloropropane and caustic soda, while high-performance materials include epoxy resins and ABS [3]. Production and Cost Management - The company has implemented strategies to increase production efficiency, achieving a 13% year-on-year increase in capacity utilization and a 2.4% reduction in production costs [2]. - Efforts to optimize procurement and logistics have resulted in a 3.5% decrease in procurement costs and a 4.2% reduction in logistics costs [2]. Market Conditions and Challenges - The company faces challenges in various product markets, with prices for key products like acetone and ABS declining due to market conditions [5]. - The ABS segment has seen a 2% decrease in revenue, while the aramid fiber segment has experienced a 23% drop in product prices [5]. Non-Operating Losses - The company has recognized losses related to the bankruptcy of a subsidiary, which has impacted its financial results [5]. - There has been a significant reduction in government subsidies compared to the previous year, further affecting profitability [5].

Group 1 - BASF has launched an expansion project for its Cellasto factory in Shanghai, with an investment of approximately 500 million yuan [1] - The expansion aims to provide automotive shock absorber solutions that combine noise reduction, vibration damping, and comfort for the Chinese electric vehicle market [1] - The new production line is scheduled to commence operations in 2027 [1]