证券日报网讯 云图控股（002539）11月25日在互动平台回答投资者提问时表示，1、应城基地70万吨合 成氨及其配套项目推进顺利，目前已完成核心设备安装，正有序推进配套设施建设。其中，项目配套的 150万吨的精制盐产线已率先建成，进入调试阶段，其他配套产线也在同步推进中。2、雷波基地拥有三 宗磷矿资源，资源总储量约5.49亿吨，各磷矿项目推进情况如下：（1）阿居洛呷磷矿290万吨采选工程 稳步推进，井下基建、地表建设及边坡防护等各项工作有序开展。（2）牛牛寨东段磷矿400万吨采选工 程建设正有序推进。（3）牛牛寨西段磷矿正处于"探转采"阶段。公司将聚焦资源，加紧推进各项目建 设，力争早日建成投产，为公司提升市场竞争力奠定坚实基础。 ...

云图控股（002539.SZ）11月25日在投资者互动平台表示， 1、应城基地70万吨合成氨及其配套项目推 进顺利，目前已完成核心设备安装，正有序推进配套设施建设。其中，项目配套的150万吨的精制盐产 线已率先建成，进入调试阶段，其他配套产线也在同步推进中。 2、雷波基地拥有三宗磷矿资源，资源 总储量约5.49亿吨，各磷矿项目推进情况如下：（1）阿居洛呷磷矿290万吨采选工程稳步推进，井下基 建、地表建设及边坡防护等各项工作有序开展。（2）牛牛寨东段磷矿400万吨采选工程建设正有序推 进。（3）牛牛寨西段磷矿正处于"探转采"阶段。 公司将聚焦资源，加紧推进各项目建设，力争早日建 成投产，为公司提升市场竞争力奠定坚实基础。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：贵司能介绍一下应城化工项目和雷波磷矿开采项目的 最新进展情况吗？ ...

截至目前，该集团晋丰公司喜丰航公司气化系统间接冷却升级改造、安徽中能化工尿素装置能效升级改 造、江苏新恒盛公司40·60搬迁3个项目已建成投运，晋丰、天源、金象三家公司造气节能环保提升及配 套改造工程和晋开公司老厂搬迁转型升级新材料项目(一期)等9个项目也在有序推进中。 "安全是'生命线'，'三管三必须'落到实处" 晋开公司老厂搬迁项目是河南省重点项目。该公司将项目建设纳入党委前置研究程序，深度谋划、科学 决策，以"比发展质量、比安全环保"的"双比"机制倒逼进度，让项目建设跑出了"加速度"。 项目建设是高质量发展的"硬支撑"。2025年，晋能控股装备制造集团化工产业牢牢抓住重点项目建设这 一"牛鼻子"，建立"动态跟踪+重点核查"机制，围绕施工安全规范、工程进度节点、技术升级标准等关 键维度开展专项督导，及时发现并协调解决设备安装、特殊作业等环节潜在问题，确保项目朝着"安 全、高效、优质"目标推进，为产业绿色转型与产能升级夯实基础。 走进项目建设现场，专项建设组的"每日推进会"是雷打不动的惯例。清单上的节点清晰明确，施工人员 按单推进、有条不紊。技术上，项目采用意大利欧技公司改良的G4U高压法生产工艺，能耗达到 ...

发布日期：2025 年 11 月 24 日 尿素周报： 下游高价承接力度不足 摘要： 上周尿素盘面反弹，现货市场来看，尿素现货价格受期货连续反 弹的利好及下游需求好转的影响，价格重心上移，但周末以来，下游市 场对高价普遍出现抵触情绪，工厂收单不佳，价格弱稳运行。基本面来 看，预计在气头装置季节性停产以前，上游工厂装置日产将在 19 万吨 以上波动，而煤炭成本端，上涨趋势放缓，下游需求有待验证，若旺季 证伪，成本端支撑将下移。上周需求走强，工厂收单良好，东北备肥也 逐渐开启，为疲弱市场提振情绪，复合肥工厂开工负荷回升，上周环保 检查结束后，企业装置逐渐恢复生产，且东北地区部分装置开始开工， 部分装置开工负荷已提升至较高水平，预计下期冬储复合肥继续生产。 其他工业需求多以弱稳为主，农需处于淡季。东北地区开启备肥，工厂 出货情况良好，虽日产高居 20 万吨水平，但库存去化顺畅，支撑市场 情绪。整体来说，价格反弹后，下游反馈不佳，周末以来收单疲软，内 需依然难以支撑高价运行，印标价格也未提振市场，但目前出口继续维 持，且后续淡储及复合肥冬储依然需求托底，预计盘面窄幅区间震荡为 主。 【冠通期货研究报告】 现货市场动态 ...

11月24日，宏达股份跌5.43%，截至发稿，报10.45元/股，成交5.23亿元，换手率2.39%，总市值276.05 亿元。 资料显示，四川宏达股份有限公司位于四川省成都市高新区交子大道499号中海国际中心H座14楼，成 立日期1994年6月30日，上市日期2001年12月20日，公司主营业务涉及矿山开采、有色金属冶炼、磷化 工产品的生产和销售。主营业务收入构成为：锌金属及副产品45.55%，磷铵盐系列产品33.44%，复肥 产品11.82%，合成氨5.16%，其他(补充)3.27%，其他产品及服务0.76%。 从基金十大重仓股角度 数据显示，创金合信基金旗下1只基金重仓宏达股份。创金合信中证1000增强A（003646）三季度持有 股数10.83万股，占基金净值比例为1.28%，位居第二大重仓股。根据测算，今日浮亏损失约6.5万元。 创金合信中证1000增强A（003646）成立日期2016年12月22日，最新规模3955.41万。今年以来收益 25.84%，同类排名1429/4208；近一年收益23.31%，同类排名1304/3981；成立以来收益94.06%。 创金合信中证1000增强A（00364 ...

11月24日，宏达股份跌5.43%，截至发稿，报10.45元/股，成交5.21亿元，换手率2.38%，总市值276.05 亿元。 资料显示，四川宏达股份有限公司位于四川省成都市高新区交子大道499号中海国际中心H座14楼，成 立日期1994年6月30日，上市日期2001年12月20日，公司主营业务涉及矿山开采、有色金属冶炼、磷化 工产品的生产和销售。主营业务收入构成为：锌金属及副产品45.55%，磷铵盐系列产品33.44%，复肥 产品11.82%，合成氨5.16%，其他(补充)3.27%，其他产品及服务0.76%。 从宏达股份十大流通股东角度 截至发稿，闫冬累计任职时间6年253天，现任基金资产总规模221.18亿元，任职期间最佳基金回报 456.3%， 任职期间最差基金回报-40.23%。 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，鹏华基金旗下1只基金位居宏达股份十大流通股东。鹏华中证细分化工产业主题ETF联接A （014942）三季 ...

Investment Rating - The report maintains a "Buy" rating for several companies in the chemical industry, including Sinopec, Jiangshan Co., and others [9][19]. Core Viewpoints - The report highlights the significant price increases in products such as toluene (up 25.22%) and liquid chlorine (up 13.73%), while products like butadiene and vinyl acetate saw notable declines [4][5][16]. - It suggests focusing on investment opportunities in areas such as import substitution, domestic demand, and high dividend stocks, particularly in light of the current international oil price fluctuations [6][19]. - The report anticipates that the international oil price will stabilize around $65 per barrel, which could benefit companies with high dividend yields and those that are sensitive to raw material price declines [6][19]. Summary by Sections Chemical Industry Investment Suggestions - The report emphasizes the importance of monitoring sectors like glyphosate, fertilizers, and high-dividend assets for potential investment opportunities [19]. - It recommends companies like Jiangshan Co., Xingfa Group, and Yangnong Chemical, which are expected to enter a favorable economic cycle [19]. - The report also highlights the resilience of domestic chemical fertilizer and certain pesticide sectors, suggesting a focus on companies like China Heartland Fertilizer and Hualu Hengsheng [19]. Price Trends and Market Analysis - The report notes that while some chemical products have rebounded in price, the overall industry remains weak, with mixed performance across sub-sectors [17][19]. - It provides detailed price movements for various chemicals, indicating a general trend of price increases for certain products and declines for others [4][5][16]. - The report discusses the impact of OPEC's decisions on oil prices and how this affects the chemical industry, particularly in terms of raw material costs [6][20]. Company Focus and Earnings Forecast - The report includes a detailed earnings forecast for key companies, with a focus on their expected EPS and PE ratios for the coming years [9]. - Companies such as Sinopec, Jiangshan Co., and others are highlighted for their strong market positions and potential for growth [9][19]. - The report suggests that companies with strong asset quality and high dividend yields, like the "three barrels of oil," will benefit from the current market conditions [19].

Core Viewpoint - The clean and efficient utilization of coal is a crucial pathway to achieving the "dual carbon" goals, with technological innovation being essential for the green transformation of the coal chemical industry [1][12]. Group 1: Technological Innovation and Development - Jin Energy Holding Equipment Manufacturing Group and China Chemical Saiteng Engineering have successfully developed the JM-S furnace coal gasification technology, which has been applied in the Hubei Jin Energy Gas Company project, demonstrating stable operation and low energy consumption [1][20]. - The JM-S furnace technology has been recognized as a domestic leader in the efficient and clean utilization of smokeless coal, providing a new pathway for its application [1][12]. Group 2: Industry Collaboration and Promotion - A promotional conference was held to discuss the application and development trends of smokeless coal gasification technology, emphasizing the importance of collaboration among industry associations and enterprises [2][8]. - The conference highlighted the innovative value of the JM-S furnace and aimed to facilitate better adoption of this technology within the industry [2][8]. Group 3: Market Trends and Future Outlook - The demand for smokeless coal is declining due to the emergence of new gasification technologies, putting pressure on prices; however, the JM-S furnace technology enhances the economic value of smokeless coal while meeting environmental standards [21]. - The industry is witnessing a shift towards high-value products derived from smokeless coal, such as carbon fibers and graphite electrodes, which are in high demand in sectors like new energy batteries and aerospace [21]. Group 4: Industry Leadership and Standards - The Hubei Jin Energy Gas Company project, utilizing the JM-S technology, has set a new benchmark in the domestic ammonia synthesis industry, achieving significant economic benefits and operational efficiency [20]. - The project has been recognized for its innovative integration of technologies, contributing to the clean and efficient production of ammonia and serving as a model for upgrading older ammonia production facilities [20]. Group 5: Commitment to Sustainable Development - The coal industry is urged to focus on clean and efficient utilization, developing high-value and differentiated products to drive transformation and achieve optimal resource allocation [21]. - The commitment to sustainable practices is seen as essential for building a more environmentally friendly and efficient energy system [21].

Core Viewpoint - Xinghua Co., Ltd. stated that its subsidiary Xinghua Chemical has a designed production capacity of 300,000 tons/year for synthetic ammonia, with approximately 50,000 tons used for self-production of methylamine and around 250,000 tons sold externally annually. The company emphasized that short-term price fluctuations of individual products due to market supply and demand will not significantly impact overall performance [1] Group 1 - The main product of Xinghua Chemical is synthetic ammonia, with a designed capacity of 300,000 tons/year [1] - Approximately 50,000 tons of synthetic ammonia is used for self-production of methylamine, while 250,000 tons is sold externally each year [1] - The company organizes production based on the principle of prioritizing efficiency and aims to maximize overall benefits through product structure adjustments [1]

Core Viewpoint - The recent increase in liquid ammonia prices by 21.8% over the past 15 days may have a positive impact on the annual report of Xinghua Co., but the company indicates that short-term price fluctuations will not significantly affect overall performance [1] Company Overview - Xinghua Co.'s subsidiary, Xinghua Chemical, has a designed production capacity of 300,000 tons per year for synthetic ammonia, with approximately 50,000 tons used for self-production of methylamine and 250,000 tons sold externally [1] - The company emphasizes a production organization based on the principle of prioritizing efficiency, aiming to maximize overall benefits through product structure adjustments [1] Market Dynamics - The company acknowledges that short-term price volatility of individual products is a common market phenomenon influenced by supply and demand dynamics [1]