从资金流向来看，百傲化学8月25日主力资金净流出7657.82万元，占流通市值的0.52%。近五个交易日 累计净流出2.04亿元，占流通市值的1.37%。 风险提示：以上内容仅供参考，不构成投资建议。市场有风险，投资需谨慎。 公司8月25日晚间发布公告称，总经理刘海龙因个人身体原因辞去总经理职务，但仍继续担任公司董事 及首席顾问职务；董事刘松因个人原因辞去董事职务，将继续担任公司副总经理职务。相关人事变动自 辞职报告送达董事会之日起生效。 截至2025年8月25日收盘，百傲化学股价报21.05元，较前一交易日下跌0.56元，跌幅2.59%。当日成交 量为22.42万手，成交金额达4.68亿元，换手率为3.17%。 百傲化学主营业务为农药、兽药等精细化学品的研发、生产和销售。公司产品广泛应用于农业、畜牧业 等领域。作为辽宁地区的重要化工企业，百傲化学在细分市场具有一定影响力。 ...

证券代码：600141 证券简称：兴发集团 公告编号：临2025-044 转债代码：110089 转债简称：兴发转债 湖北兴发化工集团股份有限公司 2025 年半年度主要经营数据公告 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、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据上海证券交易所《上市公司自律监管指引第3 号——行业信息披露： 第十三号——化工》有关规定和要求，湖北兴发化工集团股份有限公司（以下 简称"公司"）现将2025 年半年度主要经营数据披露如下： 注：1.特种化学品主要包括电子化学品、食品添加剂以及用于油田、水处理、医药等领域的其它精细 化学品和助剂，下同；2.农药产品包括草甘膦原药与制剂、百草枯原药与制剂、2,4-滴、烟嘧磺隆、咪草 烟原药等，下同；3.肥料包括磷酸一铵、磷酸二铵及复合肥产品，下同；4.有机硅系列产品包括DMC 及下 游深加工产品，下同。 三、主要原材料的价格变动情况（不含税） 主要产品 2025 年1 至6 月产量 （万吨） 2025 年1至6月销量 （万吨） 2025 年1 至6 月销售金额 （万元） 特种化学品 26. ...

格隆汇8月25日丨湖南海利(600731.SH)公布半年度报告，2025年上半年，农化行业整体呈现结构性分化 态势，部分产品价格涨幅明显，多数农药产品价格受产能过剩制约持续低位运行。面对复杂的行业形 势，公司紧紧围绕"十四五"发展规划和年度工作计划，积极应对市场变化，抢订单、降成本、强管理、 抓发展，全力推进年度各项工作任务目标实施。报告期内，公司共实现营业收入为9.66亿元，归属于母 公司净利润为1.43亿元，同比增长41.82%。 ...

证券研究报告 | 2025年08月25日 | 晨会纪要 | | --- | | 数据日期:2025-08-22 | 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） | 3825.75 | 12166.06 | 4377.99 | 13655.04 | 3611.56 | 1247.86 | | 涨跌幅度（%） | 1.44 | 2.06 | 2.09 | 1.10 | 2.06 | 8.58 | | 成交金额（亿元） | 10950.91 | 14516.18 | 6759.35 | 5066.62 | 6905.72 | 1104.30 | $$\overline{{{\overline{{\mathbb{M}}}}}}\cong\overline{{{\mathbb{L}}}}\pm\overline{{{\mathbb{M}}}}$$ 【常规内容】 宏观与策略 宏观周报:高技术制造业宏观周报-国信周频高技术制造业扩散指数保持 不变 宏观周报:宏观经 ...

证券代码：301035 证券简称：润丰股份 编号：2025-003 山东潍坊润丰化工股份有限公司 投资者关系活动记录表 | 投资者关系活 | 特定对象调研 | 分析师会议 | | --- | --- | --- | | 动类别 | □媒体采访 | 业绩说明会 | | | □新闻发布会 | □路演活动 | | | □现场参观 | 其他 电话会议 | | 参与单位名称 | 交银施罗德 | 杨金金、张明晓、郭若、王丽婧； | | | 中庚基金 | 刘晟、王啊涛、胡坤、陆伟成、薛潇、杨舜杰、周汝昂； | | 及人员情况 | 远信投资 | 周伟锋、黄垲锐、谢振东； | | | 巨杉资产 | 齐东超、王黛丝、王慧娟； | | | 招商基金 | 陈海波、贾仁栋、李恭敏、陆文凯； | | | 国泰基金 | 曾彪、戴计辉、钱晓杰、任一林； | | | 光大证券 | 胡星月、饶于晨、应超、周家诺； | | | 东北证券 | 刘佳怡、孙鹏程、王家鑫、郭子瑜； | | | 天风证券 | 唐婕； 鹏华基金 范晶伟、杨浩； | | | 东方证券 | 万里扬； 申万宏源 范一洲、屈玲玉、周超； | | | 中金证券 | 吴頔； 国 ...

天眼查App显示，近日，红塔区启峰值保农药经营店（个体工商户）成立，法定代表人为秦发超，注册 资本3万人民币，经营范围为许可项目：农药批发；农药零售(依法须经批准的项目，经相关部门批准后 方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准) 一般项目：化肥销售；肥料销 售(除依法须经批准的项目外，凭营业执照依法自主开展经营活动)。 ...

本报讯 （记者李乔宇）8月22日晚间，中农发种业集团股份有限公司（以下简称"农发种业"）披露2025 年半年度报告。公告显示，今年上半年，农发种业实现营业收入29.16亿元，同比增长47.86%；实现归 属于上市公司股东的净利润6303.76万元，同比增长14.13%；实现归属于上市公司股东的扣除非经常性 损益的净利润2858.03万元，同比增长84.52%。 今年上半年，农发种业聚焦创新发展，种业科研取得明显成效。在此期间，农发种业持续加大研发投 入，扎实推进各项科技项目。上半年农发种业共有8个农作物新品种通过国家或省级审定/登记；共有5 个经营品种、1个自主选育品种入选2025年国家农作物优良品种推广目录。在研发项目方面，今年上半 年农发种业先后开展自主及合作研发项目53项；牵头的3个国家重大科技项目、承担的农业农村部国家 育种联合攻关中小麦优势企业自主攻关任务进展顺利。 此外，今年上半年农发种业围绕"优品种、提品质、创品牌、拓市场"的经营思路，专用品种粮业务发展 势头良好，有效带动种子业务发展。 （编辑 张伟） 今年上半年，在种子业务方面，农发种业所属各种业企业依托优势新品种全力以赴攻市场、拓渠道，做 ...

天眼查App显示，近日，内蒙古智耕时代生物科技有限公司成立，法定代表人为刘志富，注册资本200 万人民币，经营范围为许可项目：农药批发；农药零售；肥料生产。（依法须经批准的项目，经相关部 门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）一般项目：肥料销 售；生物有机肥料研发；复合微生物肥料研发；化肥销售；农、林、牧、副、渔业专业机械的销售；农 业机械服务；农业专业及辅助性活动；专用化学产品销售（不含危险化学品）；机械设备销售；技术服 务、技术开发、技术咨询、技术交流、技术转让、技术推广；化工产品销售（不含许可类化工产品）； 农业科学研究和试验发展；智能农机装备销售；国内贸易代理；土壤及场地修复装备销售；物料搬运装 备销售；日用化学产品销售；贸易经纪；卫生用杀虫剂销售。（除依法须经批准的项目外，凭营业执照 依法自主开展经营活动）。 ...

Investment Rating - The report maintains an "Outperform" rating for the chemical industry [2] Core Insights - The chemical industry is expected to benefit from anti-involution policies aimed at curbing disorderly competition and eliminating outdated production capacity, which may lead to a recovery in industrial product prices and positively impact PPI and CPI [6][11][17] - The report highlights the significant influence of the energy and chemical sectors on PPI, with their price fluctuations directly affecting overall industrial inflation levels [16] - The industry is under pressure from declining product prices and reduced capacity utilization, leading to a strong demand for anti-involution measures [17] - The current valuation of the chemical industry is at a historical low, providing substantial upside potential as the sector is expected to recover from its cyclical bottom [17][19] Summary by Sections 1. Importance of Inflation Recovery - The report emphasizes that the chemical sector is a crucial lever for inflation recovery, as evidenced by the PPI's continuous decline and the need for policy intervention to combat deflationary pressures [6][11] 2. Reasons to Focus on Chemicals - The energy and chemical sectors account for 25%-30% of PPI, making their price recovery vital for overall inflation [16] - The industry faces significant profitability challenges, with nearly 25% of chemical companies reporting losses in 2024 [17] 3. Paths for Anti-Involution in Chemicals 3.1. Active Approach: Industry Self-Regulation - Certain sub-industries, such as polyester filament and sucralose, are attempting to improve profitability through supply-side collaboration, benefiting from high concentration and low profitability [27][29] - The report identifies key chemical products likely to benefit from self-regulation, including polyester filament, polyester bottle chips, and organic silicon [29][31] 3.2. Passive Approach: Policy-Driven Industry Improvement - The report outlines a dual-track policy framework focusing on optimizing existing capacity and strictly controlling new projects to enhance the competitive landscape [27][31] - Historical experiences suggest that effective policy measures will include phasing out outdated facilities and enforcing stricter environmental regulations [27][31]

Core Insights - The report highlights a positive outlook for the A-share market, driven by a shift in household savings towards capital markets and supportive monetary policies, with an expected recovery in corporate earnings growth in 2025 [7][8][10] - The gaming, publishing, and IP derivative sectors are identified as key investment opportunities, with strong performance expected due to favorable market conditions and technological advancements [12][13][14] - The automotive industry shows resilience with a significant increase in new energy vehicle exports, indicating robust demand and market share growth for domestic brands [16][17] - The software industry is experiencing growth, particularly in AI applications, with a notable increase in project bids and revenue, suggesting a strong future trajectory for domestic software companies [19][20][21] Domestic Market Performance - The A-share market has shown slight fluctuations, with the Shanghai Composite Index closing at 3,727.29, reflecting a minor decrease of 0.02% [3] - The average P/E ratios for the Shanghai Composite and ChiNext are at 15.26 and 45.19 respectively, indicating a suitable environment for medium to long-term investments [7][10] Industry Analysis - The media sector has seen a 6.56% increase from July 21 to August 15, 2025, with a notable rise in public fund holdings, particularly in gaming and advertising [12][25] - The automotive sector's production and sales figures for July indicate a seasonal decline but maintain a year-on-year growth rate of over 10%, with new energy vehicles leading the charge [16][17] - The software industry reported a revenue increase of 11.9% in the first half of 2025, with AI-related projects significantly contributing to this growth [19][20] Investment Recommendations - The report suggests focusing on sectors such as gaming, publishing, and IP derivatives due to their strong performance and growth potential [13][14][25] - In the automotive sector, the recommendation is to monitor the impact of policies aimed at enhancing market competition and the adoption of smart driving technologies [16][17] - For the software industry, attention is drawn to the increasing demand for AI applications and the potential for domestic companies to capture market share [19][20][21]