Market Strategy - The market is experiencing a volume contraction and fluctuation, with the computing hardware sector leading the gains [5][7] - The overall A-share market saw a decline of 0.55%, with the Shanghai Composite Index down by 0.37% and the Shenzhen Component Index down by 0.39% [7][8] - The innovation growth sector, represented by the ChiNext Index, increased by 0.61%, while the North Star 50 Index, representing small and medium-sized enterprises, fell by 1.72% [7][8] Industry Dynamics - In November 2025, the brand television market in China saw a shipment volume of approximately 3.22 million units, a year-on-year decrease of 15.7% [25] - In the first eleven months of 2025, China's crude oil imports increased by 3.2%, while natural gas imports decreased by 4.7% [27] - The overall trade value of goods in China for the first eleven months reached 41.21 trillion yuan, a year-on-year growth of 3.6% [28] Company Tracking - Midea Group (000333.SZ) announced that the total amount of share repurchase has reached 10 billion yuan, completing the repurchase plan [29][30] - Yuanli Co., Ltd. (300174.SZ) plans to acquire 49% of Clarimex to expand its presence in the American activated carbon market [31][33] - Zhengtai Electric (601877.SH) intends to purchase photovoltaic components from related parties, with a total amount not exceeding 3.5 billion yuan [34] - Yisheng Industrial (002458.SZ) reported a 10.27% year-on-year decline in the sales of white feather broiler chicks in November, while sales of breeding pigs increased by 203.74% [36] - Jingji Zhino (000048.SZ) sold 2.11 million pigs from January to November 2025, a year-on-year increase of 8.27% [38]

长江商报消息 ●长江商报记者 汪静 元力股份（300174.SZ）拟通过收购进一步实现业务出海、走向国际化。 12月7日晚间，元力股份发布公告称，公司全资子公司拟以自有资金2556万美元（约合人民币1.81亿 元）收购Clarimex,S.A.de C.V（下称"Clarimex"或标的公司）的49%股权。 元力股份是国内规模最大、综合实力最强的木质活性炭生产企业，连续多年产量、销售量、出口量位居 全国第一。而Clarimex是跨国企业Norit全球活性炭业务布局的重要组成部分，也是元力股份在墨西哥的 重要客户。 元力股份称，拟通过本次收购实现业务出海，开启美洲市场业务布局，进一步巩固公司在全球木质活性 炭行业的市场地位。 长江商报记者注意到，2025年上半年，元力股份实现境外收入1.5亿元，营收占比16.01%，同比增长 2.47%。 拟收购美洲一活性炭企业 根据最新公告，元力股份全资子公司南平元力活性炭有限公司与Norit Americas, Inc（下称"Norit"）签署 了股权购买协议（SPA），拟以自有资金2556万美元，向Norit购买其持有Clarimex的49%股权。交易完 成后，南平元力活 ...

每经AI快讯，元力股份12月7日晚间发布公告称，2025年12月，本次交易由公司全资子公司南平元力活 性炭有限公司向Norit Americas, Inc.购买其持有Clarimex, S.A. de C.V.的49%股权。交易完成后， Clarimex, S.A. de C.V.的股权由原股东Adminvest,S.A.P.I. de C.V.持有51%，南平元力活性炭有限公司持有 49%。本次交易已经公司第六届董事会第十一次会议审议通过。 （记者 曾健辉） 每经头条（nbdtoutiao）——手机不再需要淘宝、微信、美团、携程？豆包手机助手掀翻超级App牌桌， 攻防战全面开打 ...

第一，本次交易前，Clarimex是跨国企业Norit全球活性炭业务布局的重要组成部分，也是公司在墨西哥 的重要客户。Clarimex具备成熟的活性炭产线，销售网络已经实现对北美洲、拉丁美洲、南美洲的有效 覆盖，与元力股份在技术、市场、人才方面存在明显的互补性。本次交易完成后，公司成为Clarimex的 战略股东，通过与Clarimex在技术、市场、人才方面的强强联合、优势互补，可以更顺利实现活性炭业 务的出海布局。 格隆汇12月7日丨元力股份(300174.SZ)公告，2025年12月，南平元力与Norit签署股份购买协议(SPA)， 拟以自有资金2556万美元整购买Norit持有的Clarimex49%股权。本次交易已经公司第六届董事会第十一 次会议审议通过。本次交易不构成关联交易，也不构成重大资产重组，无需提交公司股东会审议。 公司拟通过本次收购Clarimex49%股权的交易实现业务出海，开启美洲市场业务布局，进一步巩固公司 在全球木质活性炭行业的市场地位： 第二，通过本次收购，公司实现在墨西哥本土的落地扎根，可以充分利用墨西哥丰富的木屑原材料资 源，实现对美洲市场的深度拓展，进一步巩固公司在全球木质 ...

Core Viewpoint - Shanxi Huqing Environmental Protection Co., Ltd. announced that several shareholders have signed a share transfer agreement, involving 8.32% of the company's total equity, with two state-owned investment funds divesting their shares [1][3]. Group 1: Shareholder Changes - Datong Rural Industry Investment Fund and the Multiplication Fund plan to transfer all their shares in Huqing Environmental Protection to the controlling shareholder, Chang Yuqing [1][3]. - After the transfer, Chang Yuqing's shareholding will increase from 39.06% to 47.38%, maintaining his status as the actual controller of the company [3]. Group 2: Background of Shareholders - Datong Rural Industry Investment Fund is a government-guided fund established in 2019, focusing on rural revitalization and industrial upgrades [3]. - The Multiplication Fund was established in June 2022 to support the listing of enterprises in Shanxi Province [3]. Group 3: Listing Challenges - Huqing Environmental Protection has not yet achieved its goal of listing on the Beijing Stock Exchange by the end of 2024, which is tied to a previous agreement with investors [6]. - The company has not initiated the listing guidance process and is currently in the basic tier of the New Third Board [6]. Group 4: Financial Performance - In 2024, Huqing Environmental Protection reported a net profit of -1.56 million yuan, which is below the Beijing Stock Exchange's requirement of a minimum net profit of 15 million yuan over the past two years [6]. - For the first half of 2025, the company reported revenue of 81.07 million yuan, a year-on-year increase of 43.52%, and a net profit of 3.22 million yuan, indicating a turnaround [7].

Core Insights - Yuanli Co., Ltd. engaged in discussions with two institutions, including Xinda Securities, focusing on technology development, product innovation, market expansion, and new energy carbon materials business [1][2] Group 1: Technology and Innovation - Technology innovation is central to Yuanli's sustainable development, with a focus on comprehensive utilization of thermal energy and reducing consumption through R&D and technological upgrades [3] - The company aims to optimize production processes to enhance the stability of three main products: activated carbon, sodium silicate, and silica gel [3] - Yuanli is committed to improving production line efficiency and environmental standards while reducing costs and increasing efficiency through "technology application, process improvement, and equipment enhancement" [3] Group 2: Activated Carbon Product Layout - Yuanli is expanding its activated carbon product range towards full-category and high-end development, including wood-based powdered activated carbon, bamboo-based granular activated carbon, and fruit shell activated carbon [4] - These products find applications across various sectors such as fermentation, food, pharmaceuticals, chemicals, and water treatment [4] Group 3: Market Expansion Strategy - To consolidate market advantages, Yuanli employs flexible sales strategies to increase market share in traditional sectors and enhance bargaining power [5] - The company is expanding the production and sales scale of granular and coconut shell activated carbon while enhancing high-end product market development through exhibitions and forums [5] - Yuanli is focusing on creating a "one-stop overall solution" capability and improving marketing management to increase customer loyalty and promote activated carbon sales growth [5] Group 4: New Energy Carbon Materials Progress - Yuanli's new energy carbon materials business is off to a good start, with bulk production and sales of supercapacitor carbon, hard carbon, and porous carbon [6] - The company is steadily advancing the "2,000 tons annual production of porous carbon construction project," which is expected to become a new growth driver [6]

Group 1: Company Overview and Innovation Plans - The company emphasizes that technological innovation is the core of its sustainable development, focusing on research and development (R&D) and technological transformation to optimize production processes and enhance product quality stability for activated carbon, sodium silicate, and silica gel [1] - The company aims to improve production line efficiency and environmental standards through "technology application, process improvement, and equipment enhancement," while steadily advancing towards decarbonization [1] - The company plans to explore new products and applications in activated carbon, leveraging its technical foundation to develop specialized activated carbon products, aiming for a "develop one generation, produce one generation, and reserve one generation" strategy for long-term growth [1] Group 2: Product Development and Market Expansion - The company has developed a wide range of activated carbon products, including bamboo-based granular activated carbon, fruit shell activated carbon, coconut shell carbon, supercapacitor activated carbon, biomass hard carbon, and porous carbon, which are applied in various industries such as fermentation, food additives, pharmaceuticals, chemicals, water treatment, environmental protection, catalyst carriers, and new energy carbon materials [2] - The company intends to strengthen its market position in the activated carbon industry by adopting flexible sales strategies to expand market share in traditional sectors and enhance product pricing power [2] - The company is actively developing high-end activated carbon products and utilizing exhibitions, forums, and seminars to enhance its industry image and promote a "one-stop overall solution" capability [2] Group 3: New Energy Carbon Materials - The company reports that its new energy carbon materials, including supercapacitor carbon, hard carbon, and porous carbon, have started well, achieving mass production and sales, and are expected to become a new growth driver for the company [2] - The company is progressing with the "2,000 tons per year porous carbon construction project" to further enhance its production capacity [2]

Group 1: Acquisition Overview - Sinochem Equipment plans to issue shares to acquire 100% equity of Yiyang Rubber Machine and 100% equity of Beihua Machine, enhancing its core assets in rubber and chemical machinery[3] - The transaction represents an internal industry chain integration among key enterprises under China National Chemical Corporation[3] - The acquisition aims to create a more complete industrial chain loop by supplementing core assets in two major sectors[3] Group 2: Other Notable Acquisitions - Yuanli Co. intends to acquire control of Tongsheng Co. through a combination of share issuance and cash payment, with specific acquisition ratios to be determined in the formal agreement[3] - ST Weier plans to acquire 51% equity of Zijiang New Materials for a total transaction value of approximately 54.586 million yuan, focusing on energy storage and 3C digital products[3] - Fuda Alloy aims to acquire at least 51% equity of Guangda Electronics, a company specializing in electronic slurry products for solar photovoltaic and electronic components[3] Group 3: Market Trends and Implications - The acquisitions reflect a trend of consolidation within the chemical and machinery sectors, indicating a strategic move towards vertical integration and enhanced market positioning[3] - The reported market share of the target companies, such as Zijiang New Materials with a 22.2% market share in aluminum-plastic film sales, highlights their competitive advantage in the industry[3] - The ongoing mergers and acquisitions activity suggests a robust interest in expanding capabilities and market reach among Chinese enterprises[3]

Summary of Key Points Core Viewpoint - The company, Fujian Yuanli Activated Carbon Co., Ltd., has approved a share repurchase plan to buy back its own shares using its own funds, with a total budget between RMB 50 million and RMB 80 million, and a maximum repurchase price of RMB 17.00 per share within a 12-month period [1]. Share Repurchase Plan - The board of directors approved the share repurchase plan on July 12, 2024, allowing the company to repurchase shares through centralized bidding [1]. - The total amount allocated for the repurchase is between RMB 50 million and RMB 80 million, with a maximum price of RMB 17.00 per share [1]. Implementation Status - As of the latest announcement, the company has repurchased a total of 4,637,501 shares, representing 1.27% of the total share capital, with a total transaction amount of approximately RMB 59.99 million [2]. - The highest transaction price during the repurchase was RMB 13.68 per share, while the lowest was RMB 12.35 per share [2]. Compliance and Impact - The implementation of the repurchase plan does not significantly impact the company's financials, operations, research and development, or debt repayment capabilities [3]. - The share repurchase will not alter the company's control or its status as a listed company, and the share distribution remains compliant with listing requirements [3]. Share Capital Changes - Prior to the repurchase, the total share capital was 365,852,860 shares, which decreased to 364,210,360 shares after the repurchase [4]. - The company plans to cancel all unused repurchased shares, totaling 1,642,500 shares from previous repurchase activities [4]. Future Plans for Repurchased Shares - The repurchased shares will be stored in a dedicated account and are intended for employee stock ownership plans or equity incentive plans [7]. - If the repurchased shares are not utilized within 36 months, they will be legally canceled [7].

Core Viewpoint - The company has successfully completed its employee stock ownership plan, reflecting management's confidence in the company's future development and stability in stock price [3][5]. Group 1: Employee Stock Ownership Plan - The company completed its employee stock ownership plan by acquiring 2.6217 million shares at a price of 14.83 yuan per share, which represents 0.72% of the total share capital [3][5]. - A total of 285 employees participated in the plan, with 8 senior management and supervisors accounting for 9.23% of the total shares subscribed [4]. - The plan aims to stabilize stock prices and protect shareholder interests, demonstrating management's confidence in the company's prospects [5]. Group 2: Production and Sales Performance - In 2024, the company achieved an activated carbon production capacity of 149,900 tons, with a utilization rate of 98.68%, and sales of 150,200 tons, reflecting a year-on-year increase of 17.86% [6]. - The company maintained its leading position in the industry for several consecutive years in terms of production, sales, and export volumes [6]. - The sodium silicate production capacity reached 207,200 tons, with a utilization rate of 96.13%, and sales of 197,800 tons, showing a year-on-year decrease of 42.47% [6]. - The silica gel production capacity was 26,000 tons, with a utilization rate of 106.90%, and sales of 28,100 tons, reflecting a year-on-year increase of 10.62% [6]. Group 3: New Energy Carbon Materials Development - The company successfully launched its first porous carbon production line in 2024, laying a solid foundation for the industrialization of new energy carbon materials [7]. - Hard carbon and porous carbon have achieved mass production, enhancing the product matrix and accelerating the formation of new growth drivers for the company [7]. - The company announced a change in the use of raised funds from a previous project to support the construction of a new porous carbon production project, further strengthening its position in the new energy carbon materials sector [7].