国家级荣誉加持，行业领袖连任，多氟多新材料股份有限公司在知识产权领域"双喜临门"。在国家知识 产权局近日公布的首批国家级产业知识产权运营中心名单中，多氟多新材料股份有限公司成功入选，跻 身全国65家、河南省3家获批单位之列。多氟多董事长李世江亦凭借其在知识产权领域的深厚积淀与行 业影响力，再次当选焦作市知识产权保护商会会长，标志着企业知识产权战略从自身建设迈向引领区域 发展的新阶段。这两件"喜事"，不仅是对多氟多知识产权领域实力的双重认证，更折射出中国企业从技 术自强到知识产权运营自信的升级之路。 多氟多科技大厦外景图。 (企业供图) 筑基：体系重构搭建战略支柱 在全球新材料产业的激烈竞争中，知识产权早已成为企业在"知本市场"角逐的入场券。对于多氟多而 言，这条认知之路，始于一场国际官司，最终却引领其走向了一条以"专利导航"为核心，贯通"产品、 资本、知本"三大市场的战略发展之路。 时间回溯至公司2010年上市之际，一场突如其来的跨国知识产权纠纷，给初登资本市场的多氟多上了刻 骨铭心的一课。"那一仗，打得非常艰难。"回忆往事，李世江仍感慨万千。这件事也让多氟多深刻意识 到：知识产权必须从"事后维权"的被动姿态 ...

科技日报记者 张毅力 "一进焦作府，四两黑煤土。"这曾是河南省焦作市给人的固有印象。作为全国首批资源枯竭城市， 焦作近年来在传统产业提质、新兴产业壮大、未来产业谋篇的实践中，全力构建具有地域特色和核心竞 争力的现代化产业体系。 数据是最有力的见证：焦作三次产业结构从2020年的7.4∶42∶50.6优化为2024年的6.2∶42.5∶51.3，高质 量发展综合绩效考核稳居全省前列，在全国资源枯竭城市转型年度绩效评价中四次获评优秀档次。 如果说传统产业是焦作经济稳增长的"压舱石"，那么战略性新兴产业则是推动焦作经济腾飞的新引 擎。焦作聚焦新材料、生物医药、电子信息等产业，以前瞻性的战略眼光和果断的决策部署，推动新兴 产业从"零散布局"迈向"系统作战"，实现了跨越式发展。 今年上半年，焦作高技术产业、战略性新兴产业增加值分别增长43.8%、15.2%，增速远远超过全 省平均水平，展现出强劲的发展势头和巨大的发展潜力。这一成绩的取得，得益于焦作在战略性新兴产 业领域的持续发力与精耕细作。 新材料产业是焦作重点发展的战略性新兴产业之一。作为国内无机氟化工行业的领军企业，多氟多 新材料股份有限公司凭借在六氟磷酸锂、电子 ...

"十四五"期间，我国化工园区建设取得显著进展。当前，化工园区认定工作基本完成，正从规范建设迈 向高质量发展阶段。如今，化工园区在产业引领、安全管控、绿色发展方面作用日益凸显，已成为石油 和化工行业高质量发展的"主阵地"和"压舱石"。 承载能力迭代升级，空间布局持续优化。根据中国石油和化学工业联合会化工园区工作委员会所做的全 国性调研统计，截至2025年8月底，全国29个省(区、市)及新疆生产建设兵团正式公布(不含公示)已通过 认定的化工园区数量为729家。同时，各省也构建起了较为完善的园区管理体系。以山东省为例，该省 园区数量从最初的190多家优化到现在的84家，管理水平和发展质量得到明显提升。2024年园区产值占 全行业产值比重超过69%，其中，产值超千亿元的超大型化工园区22家，产值在500亿~1000亿元的大型 园区38家，产值在100亿~500亿元的中型化工园区182家。 创新链条加速贯通，中试平台瓶颈破解。"十四五"期间，我国建成一批高水平化工中试平台，其中国科 控股上虞新材料中试平台等入选工信部首批重点培育石化化工中试平台名单。浙江大学衢州研究院创 新"政府投资+研究院管理+企业化运作"模式，打造 ...

Core Viewpoint - The company plans to increase its stake in Sichuan Zhongfu Taihua New Material Technology Co., Ltd. to 51% through a capital increase, which is expected to significantly enhance its profitability and operational stability through a dual-driven strategy of "cables + chemicals" [2][7]. Group 1: Investment and Growth Potential - The capital increase will raise Sichuan Zhongfu Taihua's registered capital from 500 million to 1.02 billion yuan, with the company holding 51% of the shares [3]. - Sichuan Zhongfu Taihua is set to enter a capacity release phase in 2026, with new production capacities including 200,000 tons/year of hydrogen peroxide, 60,000 tons of electronic-grade anhydrous hydrogen fluoride, and 70,000 tons of electronic-grade hydrofluoric acid [2][4]. - The company has committed to achieving a net profit of no less than 180 million yuan from 2026 to 2028, which is expected to significantly improve the profitability of the parent company [4][6]. Group 2: Risk Mitigation Measures - The investment includes performance compensation and loss buyback clauses, ensuring that if profit targets are not met, the controlling shareholder will compensate the difference in cash [5][6]. - If Sichuan Zhongfu Taihua incurs losses from 2026 to 2028, the controlling shareholder will buy back the shares at the investment price plus interest, providing a safeguard for the company's investment [6]. Group 3: Business Strategy and Financial Health - The company aims to expand into electronic chemicals and related basic chemicals, while maintaining its core business in special cables, thus establishing a dual-driven growth model [7]. - As of October 31, 2025, the company has a debt-to-asset ratio of 29.02% and sufficient liquidity with cash reserves of 490 million yuan and a bank credit line of 310 million yuan [7][8]. - The capital increase will not dilute earnings per share as it does not involve issuing new shares, and the existing cable business will continue to operate normally [8]. Group 4: Market Expansion and Structural Optimization - Following the change in controlling shareholder, the company has initiated internal management upgrades and external channel expansions, including establishing marketing offices in key domestic and international locations [9]. - The strategy to grow both the cable and chemical businesses will optimize the company's business structure and reduce reliance on a single business, enhancing its resilience and sustainable development [9].

在产品品质控制方面，生产团队实施原料端精准管控，重点攻克砷含量、二氧化硫等关键技术瓶颈，通 过优化工艺参数及引入全过程质量控制点，实现产品关键杂质含量的稳定控制，品质达到国际湿电子化 学品采购标准。 面对电子级氢氟酸作为危险化学品的复杂国际贸易壁垒，福多邦公司通过构建全流程合规体系，严格遵 循国际危化品管理规范，完成报关、检验检疫、国际运输等合规流程并实现操作标准化与可复制化，为 后续批量供应打通关键通道。 中化新网讯 近日，福建福多邦科技有限责任公司自主研发生产的电子级氢氟酸产品首次从广西钦州港 发往东南亚，实现了从"生产制造"到"品牌出海"的战略升级，标志着公司正式跻身国际湿电子化学品供 应链体系。 ...

Core Viewpoint - The company plans to invest 520 million yuan in Sichuan Zhongfu Taihua New Materials Technology Co., Ltd., increasing its registered capital and gaining a controlling stake, marking a strategic shift towards expanding its electronic chemical products business [1][3]. Financial Summary - As of October 31, 2025, the company's asset-liability ratio is 29.02%, with cash reserves of 490 million yuan and a bank credit line of 310 million yuan, indicating a stable financial condition [2]. - The investment will utilize 220 million yuan of the company's own funds and a 300 million yuan loan from Fuhua Chemical at an annual interest rate of 3.8% [2]. - The company has committed to ensuring that the core cable business operates normally, with approximately 150 million yuan allocated for working capital [2]. Performance Commitment - Fuhua Chemical has made a performance commitment that Sichuan Zhongfu Taihua's net profit attributable to the parent company will not be less than 180 million yuan from 2026 to 2028, with provisions for compensation if targets are not met [2]. Business Development - Sichuan Zhongfu Taihua is currently in the project construction phase, with limited operations, reporting revenue of 38.51 million yuan and a net loss of 1.33 million yuan for the first nine months of 2025 [3]. - The company has several projects expected to commence production in 2026, including a 200,000 tons/year hydrogen peroxide project and a 60,000 tons/year electronic-grade anhydrous hydrogen fluoride project, which will diversify its product offerings into electronic chemicals [3]. Strategic Shift - This investment represents a significant move for the company to transition from a single focus on special cable manufacturing to a dual-driven model of "cables + chemicals," aiming to cultivate a second growth curve [3]. - Post-investment, the governance structure of Sichuan Zhongfu Taihua will include a board of directors with a majority from the investing company, ensuring control over the subsidiary [3].

Core Insights - The article highlights a significant shift in the lithium battery materials market, where prices of various materials such as lithium hexafluorophosphate and electrolytes are rising, driven not by lithium prices but by a robust chemical supply chain [2][3][4][6]. Price Dynamics - Since November, prices of lithium battery materials have been on the rise, including lithium hexafluorophosphate, electrolytes, and iron phosphate [2]. - Unlike previous trends where lithium prices dictated the market, this price increase is attributed to the strong performance of the chemical sector, indicating a shift from a "resource dividend" to a "process dividend" [3][4]. - The price of lithium carbonate has fluctuated around 80,000 yuan/ton, showing a slight downward trend, contrasting with the rising costs in the chemical raw material chain [7][21]. Chemical Sector Influence - Key chemical components such as yellow phosphorus and anhydrous hydrofluoric acid have seen price increases, which subsequently raise the costs of iron phosphate and lithium hexafluorophosphate [8][10]. - The price of yellow phosphorus has increased approximately 2% to around 22,000 yuan/ton since November, impacting the cost structure of lithium battery materials [8]. Demand and Supply Factors - The demand for VC (vinylene carbonate) has surged due to changes in battery demand structures, with total demand expected to exceed 70,000 tons this year against an effective production capacity of only 80,000 tons [15][17]. - The increase in demand for energy storage and LFP (lithium iron phosphate) vehicles has contributed to the recovery of iron phosphate prices [9]. Industry Trends - The article notes a structural shift in the lithium battery industry, where the focus is moving from lithium mining to chemical processing capabilities, indicating a new competitive landscape [55][59]. - Companies like Tianqi Materials and Duofluor have established integrated chemical systems, enhancing their competitive edge in the market [31][36]. Future Outlook - The upcoming 2025 High-Performance Lithium Battery Conference will address critical topics such as battery material innovation and the new supply chain ecosystem, reflecting the industry's evolving dynamics [60][61]. - The article suggests that the next decade will see a focus on chemical and process capabilities rather than just resource ownership, reshaping the industry's growth narrative [55][58].

Core Viewpoint - The company emphasizes its competitive advantage in electronic-grade hydrofluoric acid and is actively developing precursor materials and functional chemical products to meet market demands [1] Group 1 - The company identifies electronic-grade hydrofluoric acid as one of its key products [1] - The company is focusing on precursor materials and functional chemical products as part of its growth strategy [1] - The company aims to align with market and customer needs to seize opportunities and provide high-quality, specialized products and services [1]

Core Viewpoint - Binhua Co., Ltd. has submitted its IPO application to the Hong Kong Stock Exchange, aiming to raise funds for various projects, despite facing declining revenue and profitability in its core chlor-alkali chemical segment [1][4]. Group 1: Company Overview - Binhua Co., Ltd. is a comprehensive chemical group in China, primarily engaged in chlor-alkali chemicals, carbon chemicals, and electronic chemicals [2]. - The company claims to be a leader in the chlor-alkali chemical industry, with significant market shares in various products [2]. Group 2: Financial Performance - The company reported revenues of 88.92 billion, 73.06 billion, 102.28 billion, and 73.54 billion for the years 2022, 2023, 2024, and the first half of 2025, respectively [4]. - Net profits for the same periods were 12.03 billion, 3.99 billion, 2.17 billion, and 1.36 billion, indicating a significant drop in profitability despite revenue growth in 2024 [4]. - The gross margin decreased from 26.5% in 2022 to 8.4% in the first half of 2025, a cumulative decline of 18.1 percentage points [4]. Group 3: Revenue Composition - The revenue contribution from chlor-alkali chemicals has been declining, accounting for 90.8%, 88.4%, 59.8%, and 41.9% of total revenue during the reporting period [2]. - Conversely, the revenue share from carbon chemicals increased from 0% to 47.4% over the same period, indicating a shift in the company's revenue sources [2]. Group 4: Market and Supply Chain - Binhua Co., Ltd. distributes its products to over 100 countries, but the majority of its revenue still comes from domestic sales, with overseas revenue contributions of 6.1%, 5.4%, 3.4%, and 2.9% during the reporting period [3]. - The company sources its raw materials from both domestic and international suppliers, with a growing concentration on a few key suppliers [5][6]. Group 5: Capital Raising and Investment Plans - The company has a history of raising capital through various means, including an IPO in A-shares and multiple bond issuances, totaling 54.9 billion raised to date [7]. - A planned 20 billion capital increase in 2023 was later reduced to 14 billion and ultimately terminated in October 2024 [7][8].

Company Overview - Company submitted its IPO application to the Hong Kong Stock Exchange on October 22, 2025, aiming for a dual listing (A+H) [1] - Company is a leading comprehensive chemical group in China, with a revenue of approximately RMB 10.228 billion in 2024 and RMB 7.354 billion in the first half of 2025, representing a year-on-year growth of 61% [2] - The company has been established since 1968 and focuses on technological innovation and green low-carbon development [2] - It holds a leading position in the chlor-alkali chemical industry and has achieved rapid growth in petrochemical and wet electronic chemicals [2] Financial Performance - For the first half of 2025, the company reported a net profit of RMB 136 million, a year-on-year increase of 15% [2] - Revenue for the years ending December 31 for 2022, 2023, and 2024 were approximately RMB 88.92 billion, RMB 73.06 billion, and RMB 102.28 billion respectively [5] - Gross profit for the first half of 2025 was RMB 617 million, reflecting a year-on-year increase of 22.16% [5] Industry Situation - The sales revenue of caustic soda in China increased from RMB 62.3 billion in 2020 to RMB 121.1 billion in 2024, with a compound annual growth rate (CAGR) of 18.1% [7] - The company holds a 1.2% market share in China's caustic soda production and ranks first in the market share for food-grade flake caustic soda at 70.2% [10] - The sales revenue of epoxy propane in China is projected to grow from RMB 25.5 billion in 2020 to RMB 35.9 billion in 2024, with a CAGR of 8.9% [10] Management Structure - The board of directors consists of nine members, including four executive directors, one non-executive director, and four independent non-executive directors [15] - Key executives include the chairman and executive director, who is responsible for overall strategic development and investment planning [16] Shareholding Structure - Prior to the Hong Kong listing, major shareholders include Binzhou and Yi holding 9.90%, and Zhang Zhongzheng holding 5.63% [17]