二、主要原材料的采购量、消耗量及价格变动情况 山西焦化股份有限公司 2025年第二季度主要经营数据公告 重要提示：本公司及董事会全体成员保证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》有关规定和披露要求，公司2025年第二季度主要经营数据如 下： | 主要产品 | 经营指标 | 单位 | 2025 年第二季度 | 2025年第一季度 | 变动比率（%） | | --- | --- | --- | --- | --- | --- | | 焦炭 | 产量 | 吨 | 735,647.30 | 731,962.69 | 0.50 | | | 销量 | 吨 | 761,790.27 | 727,501.76 | 4.71 | | | 销售收入 （不含税） | 元 | 981,617,628.62 | 1,055,586,825.97 | -7.01 | | | 平均售价 （不含税） | 元/吨 | 1,288.57 | 1,450.97 | -11.19 | | 沥青 | ...

Core Viewpoint - The company, Shanxi Yongdong Chemistry Industry Co., Ltd., is responding to an inquiry from the Shenzhen Stock Exchange regarding its application for a specific stock issuance, detailing its financial performance, inventory management, and market conditions affecting its operations [1]. Financial Performance - The company's operating revenue for the reporting periods was 375.90 million yuan, 450.40 million yuan, and showed fluctuations in profit margins with rates of 12.50%, 4.15%, 5.33%, and 4.99% [2]. - The company's inventory values at the end of each reporting period were 34.71 million yuan, 64.45 million yuan, with a significant portion of inventory being over one year old due to production halts [2]. - Fixed assets totaled 118.94 million yuan, with 35.85 million yuan being idle due to the suspension of a production project [2]. Market Conditions - The global carbon black market is projected to grow from 28.76 billion USD in 2024 to 41.28 billion USD by 2032, with a CAGR of 4.6% [10]. - China holds a significant position in the global carbon black industry, with a production capacity of 46.2% of the world's total as of 2023 [11]. - The carbon black industry in China is experiencing a gradual increase in production capacity and output, with a focus on improving product quality and technological advancements [12][13]. Product Pricing and Cost Analysis - The average procurement cost of coal tar, a primary raw material, has decreased significantly, aligning with market trends [6][19]. - The pricing model for carbon black products is based on raw material costs and market conditions, with quarterly or monthly adjustments made based on customer negotiations [7][8]. - The company’s carbon black product gross margin has shown stability, with fluctuations primarily driven by changes in raw material prices and market conditions [19][23]. Regulatory and Safety Issues - The company faced a fine of 500,000 yuan due to a suffocation incident, which raised concerns about compliance with safety regulations [3]. - The inquiry from the Shenzhen Stock Exchange also requested clarifications on the company's internal control measures regarding safety production [4]. Investment and Future Outlook - The company is expected to enhance its competitive edge through innovation and by expanding into high-performance carbon black markets, responding to increasing environmental regulations and market demands [15][16]. - The coal tar processing industry is shifting towards higher value-added products and improved resource utilization, indicating a potential growth area for the company [16].

证券代码：002753 证券简称：永东股份 山西永东化工股份有限公司投资者关系活动记录表 编号：2025-002 （3）打造百万吨煤焦油加工工厂。 分配预案的议案》。拟以 2024 年度权益分派实施公告中确定 的股权登记日当日的总股本扣除回购专户上的股份后的股本 为基数，以未分配利润向全体股东每 10 股派发现金红利 1.50 元（含税），不送红股，不以资本公积金转增股本。 该议案还需提交公司 2024 年年度股东大会审议通过后方 可实施。 3.公司的业务拓展战略？ （1）煤化深加工产品向新材料领域拓展。 公司采购煤焦油自行精制炭黑原料油，在此基础上进一步 提取工业萘、洗油、轻油、沥青等化工产品。这些产品一方面 可作为染料、农药、医药、材料等产业的重要原料，另一方面 有效提升了炭黑品质的稳定性。公司现有改质沥青产能 20 万 吨/年，同时， "2×10 万吨/年蒽油深加工项目"与"50 万吨/年 煤焦油深加工项目"已通过公司股东大会审议，未来项目投产 后，将进一步丰富公司在煤化深加工新材料领域的产品线。 （2）推动炭黑产品向高端延伸。 公司投资建设 50 万吨/年煤焦油深加工项目已获股东大 会审议通过。项目完 ...

Investment Rating - The report maintains an "Outperform" rating for the basic chemical industry [2]. Core Viewpoints - The commercialization of humanoid robots is accelerating, with a focus on four major investment themes related to the chemical sector. In Q1 2025, over 35 companies launched new humanoid robot products, with more than 21 from China. The market for humanoid robots is expected to reach 8.239 billion yuan, accounting for about 50% of the global market by 2025 [5][28]. Summary by Sections Market Performance - The basic chemical industry index increased by 2.7% from April 18 to April 25, outperforming the Shanghai Composite Index by 2.1 percentage points and the ChiNext Index by 1.0 percentage points. Year-to-date, the basic chemical industry index has risen by 1.7%, surpassing the Shanghai Composite Index by 3.4 percentage points and the ChiNext Index by 10.8 percentage points [3][16]. Investment Themes 1. **Equity Investment Strategy**: The humanoid robot industry is projected to produce over 10,000 units by 2025, with significant market potential. Chemical companies can enhance their technological attributes through early-stage equity investments [5][28]. 2. **Polymer Materials**: Humanoid robots require various polymer materials, with modified plastics being a key solution for lightweight components. The demand for PEEK is expected to grow significantly, with a projected CAGR of 16.8% from 2022 to 2027 [5][29]. 3. **Tendon Materials**: Tendon systems are crucial for humanoid robots, with UHMWPE and carbon fiber being ideal materials due to their superior properties. Companies like Tongyi Zhong and Nanshan Zhishang are leading in UHMWPE production [5][6]. 4. **Electronic Skin Materials**: The electronic skin market is expected to grow from 6.3 billion USD in 2024 to 30 billion USD by 2034, with companies like Fulei New Materials and Hanwei Technology actively developing flexible sensor materials [5][6]. Product Price Changes - The report lists significant price changes for chemical products, with the top gainers including glyphosate (+16.3%) and liquid nitrogen (+13.7%). Conversely, coal tar saw a decline of 11.8% [5]. Investment Recommendations - Core assets in the chemical sector are entering a long-term value zone, with companies like Baofeng Energy and Wanhua Chemical recommended for investment. Additionally, sectors facing supply constraints, such as vitamins and refrigerants, are highlighted for their potential price elasticity [5][14][15].

Investment Rating - The report maintains an "Outperform" rating for the basic chemical industry [2]. Core Viewpoints - The commercialization of humanoid robots is accelerating, with a focus on four major investment themes related to the chemical sector. In Q1 2025, over 35 companies launched new humanoid robot products, with more than 21 from China. The market for humanoid robots is expected to reach 8.239 billion yuan, accounting for about 50% of the global market by 2025 [5][28]. Summary by Sections Market Performance - The basic chemical industry index increased by 2.7% from April 18 to April 25, outperforming the Shanghai Composite Index by 2.1 percentage points and the ChiNext Index by 1.0 percentage points. Year-to-date, the basic chemical industry index has risen by 1.7%, surpassing the Shanghai Composite Index by 3.4 percentage points and the ChiNext Index by 10.8 percentage points [3][16]. Investment Themes 1. **Equity Investment Strategy**: The humanoid robot industry is projected to produce over 10,000 units by 2025, with significant market potential. Chemical companies can enhance their technological attributes through early-stage equity investments [5][28]. 2. **Polymer Materials**: Humanoid robots require various polymer materials, with modified plastics being a key solution for lightweight components. The demand for PEEK is expected to grow significantly, with a projected CAGR of 16.8% from 2022 to 2027 [5][29]. 3. **Tendon Materials**: Tendon systems are crucial for humanoid robots, with UHMWPE and carbon fiber being ideal materials due to their superior properties. Companies like Tongyi Zhong and Nanshan Zhishang are leading in UHMWPE production [6][29]. 4. **Electronic Skin Materials**: The electronic skin market is expected to grow from 6.3 billion USD in 2024 to 30 billion USD by 2034, with companies like Fulei New Materials and Hanwei Technology actively developing flexible sensor materials [5][29]. Product Price Changes - The report lists significant price changes for chemical products, with the top gainers including glyphosate (+16.3%) and liquid nitrogen (+13.7%). Conversely, coal tar saw a decline of 11.8% [5][6]. Investment Recommendations - Core assets in the chemical sector are entering a long-term value zone, with companies like Baofeng Energy and Wanhua Chemical recommended for investment. Additionally, sectors facing supply constraints, such as vitamins and refrigerants, are highlighted for their potential price elasticity [5][14].

证券代码：600740 证券简称：山西焦化 编号：临 2025-007 号 山西焦化股份有限公司 2025年第一季度主要经营数据公告 重要提示：本公司及董事会全体成员保证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》有关规定和披露要求，公司2025年第一季度主要经营数据如 下： | 主要产品 | 经营指标 | 单位 | 2025年第一季度 | 2024 年第四季度 | 变动比率（%） | | --- | --- | --- | --- | --- | --- | | 焦炭 | 产量 | 吨 | 731,962.69 | 829,363.28 | -11.74 | | | 销量 | 吨 | 727,501.76 | 811,782.76 | -10.38 | | | 销售收入 （不含税） | 元 | 1,055,586,825.97 1,397,191,409.60 | | -24.45 | | | 平均售价 （不含税） | 元/吨 | 1,450.97 | 1,72 ...