点评： 特性优良应用广泛，需求有望持续增长 环氧活性稀释剂是一类含有环氧基团的多功能化合物，具有黏度低、 反应活性强、柔韧性好等优良特性，且环境友好、品种多样、用途广 泛。根据 QYResearch，2021 年全球环氧活性稀释剂总消费量约 22.8 万吨，其中复合材料（主要用于风电叶片用环氧树脂基复合材料）、 涂料、电子电器、胶粘剂领域消费占比分别为 32%、16%、15%、12%。 考虑到近年我国风电装机量快速增长，根据国家能源局，2025H1 我 国新增风电装机量 51.39GW，同比+99%，接近翻番；且"十五五"期 间我国风电年新增装机量不低于 120GW，有望持续对上游环氧活性稀 释剂形成持续带动。叠加新兴应用领域（硅烷偶联剂、日化用品、3D 打印、UV 树脂、可降解塑料、高吸水性树脂、PVC 助剂、造纸助剂和 纺织助剂等）的不断拓展，未来环氧活性稀释剂需求有望稳步向上。 突发火灾不可抗力，环氧活性稀释剂或阶段性紧缺 新远科技系全球规模最大的环氧活性稀释剂企业，具备 5 万吨环氧 活性稀释剂生产能力。根据 QYResearch，2021 年全球/国内环氧活性 稀释剂产量分别为 22.8/7.8 万 ...

2025 年 11 月 23 日 基础化工 重视环氧活性稀释剂、有机硅等涨价机 遇 事件：1）据徽州发布及中华网，11 月 19 日，安徽新远科技有 限公司一车间起火，已造成一人死亡。2）据 SMM 硅世界，11 月 18 日，有机硅单体厂实控人会议在上海如期召开，主办单位为中 国氟硅有机材料工业协会，龙头企业悉数参加，参会企业总产能 占行业产能的 80%以上，会议内容关于联合减排以及挺价事宜。 供应不可抗力，环氧活性稀释剂价格弹性可期 特性优良应用广泛，需求有望持续增长。环氧活性稀释剂是一类含有 环氧基团的多功能化合物，具有黏度低、反应活性强、柔韧性好等优 良特性，且环境友好、品种多样、用途广泛。根据 QYResearch，2021 年全球环氧活性稀释剂总消费量约 22.8 万吨，其中复合材料（主要 用于风电叶片用环氧树脂基复合材料）、涂料、电子电器、胶粘剂领 域消费占比分别为 32%、16%、15%、12%。考虑到近年我国风电装机量 快速增长，根据国家能源局，2025H1 我国新增风电装机量 51.39GW， 同比+99%，接近翻番；且"十五五"期间我国风电年新增装机量不低 于 120GW，有望持续对上游 ...

Group 1: Companies Submitting IPO Counseling Reports - Seven companies submitted IPO counseling reports for listing on the domestic stock exchanges from November 4 to November 11 [2] - Anwen Technology Group Co., Ltd. focuses on automotive parts production, including safety systems and comfort solutions [3] - Hangzhong Tianqi (Chongqing) Microelectronics Co., Ltd. specializes in communication and digital energy chips, holding over 100 intellectual property rights [5] - Wuhan Jiachen Electronics Technology Co., Ltd. is engaged in high-voltage safety systems for the new energy vehicle industry [7] - Inner Mongolia Dongyuan Environmental Technology Co., Ltd. operates in environmental water services and municipal engineering [10] - Ningbo Jinlai Chemical Co., Ltd. produces chemical products with a global market presence [12] - Anhui Xinyuan Technology Co., Ltd. is a leading manufacturer of epoxy active diluents and resins [14] - Huanuo Star Technology Co., Ltd. operates in the field of entity space security, providing various safety and emergency solutions [16] Group 2: Shareholding Structures - Anwen Technology's major shareholder is Zhang Haitao, holding 45.33% [4] - Hangzhong Tianqi's controlling shareholder is Sun Xiangyang, with a 41.43% stake [6] - Wuhan Jiachen's controlling shareholder is Wuhan Qirui Star Technology Co., Ltd., holding 18.89% [8] - Inner Mongolia Dongyuan's major shareholder is Inner Mongolia Dongyuan Investment Group Co., Ltd., with a 59.47% stake [11] - Ningbo Jinlai's controlling shareholder is Zhu Xingrong, holding 69.84% [13] - Anhui Xinyuan's actual controller is Anhui Hengyuan Holding Group Co., Ltd., with a 65.77% stake [15] - Huanuo Star's controlling shareholder is Yi Xiaofei, holding 22.83% [17] Group 3: Companies Passing IPO Counseling Acceptance - Changsha Beidou Industry Safety Technology Research Institute Group Co., Ltd. passed the counseling acceptance, focusing on satellite navigation and aerospace control [20] - Luoyang Bearing Group Co., Ltd. is a manufacturer of various types of bearings, including those for rail transit [22] - Fujian Makeng Mining Co., Ltd. is a major iron ore producer in Fujian Province, with a proven reserve of 434 million tons [24]

Group 1 - The core point of the article is that Anhui Xinyuan Technology Co., Ltd. has initiated IPO guidance with GF Securities after a lengthy process that began in October 2022 and included a transition to the Shanghai Stock Exchange in March 2023, ultimately leading to a withdrawal of the IPO application in June 2024 [1] - Anhui Xinyuan Technology was established in 2004 with a registered capital of 139 million yuan and specializes in the research, production, and sales of fine chemicals, recognized as a national-level "specialized and innovative" small giant enterprise [1] - The company's main products include epoxy reactive diluents and epoxy resins, with plans to expand into advanced solvents from the aldehyde series and electronic-grade special epoxy resin products in the future [1] Group 2 - The chairman and general manager of the company is Cheng Zhenshuo, who has a diverse background in various managerial roles across different companies, including positions at Huangshan Huachang Chemical Co., Ltd. and Hengyuan Holdings [1] - Cheng Zhenshuo has held multiple leadership positions since 2000, demonstrating extensive experience in the chemical industry and company management [1]