格隆汇10月9日丨凯盛科技(600552.SH)在投资者互动平台表示，公司合成石英砂项目已投料试产，仍在 处于持续优化操作工艺参数、不断调整配方的过程中，前段有机硅、副产品硅烷及电子级硅溶胶今年已 形成小批量订单。 ...

（记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：最近媒体报导无锡一家公司正在投产7N合成石英砂， 贵司合成纯石英砂现在是否有点进展，什么时间可以投产？年前就说已小批量供应抛光液，现在还是如 此吗？ 凯盛科技（600552.SH）10月9日在投资者互动平台表示，公司合成石英砂项目已投料试产，仍在处于 持续优化操作工艺参数、不断调整配方的过程中，前段有机硅、副产品硅烷及电子级硅溶胶今年已形成 小批量订单。 ...

凯盛科技在互动平台表示，公司合成石英砂项目已投料试产，仍在处于持续优化操作工艺参数、不断调 整配方的过程中，前段有机硅、副产品硅烷及电子级硅溶胶今年已形成小批量订单。 ...

Core Viewpoint - The coal industry in China has made significant strides in ensuring energy security, promoting green and low-carbon transformation, and enhancing industrial competitiveness during the "14th Five-Year Plan" period [3] Group 1: Energy Security and Supply Capacity - The coal supply capacity has significantly improved, with national coal reserves increasing to 2,186 billion tons by the end of 2023 [4] - Coal production in 2024 is projected to reach 4.78 billion tons, an increase of 880 million tons compared to 2020 [4] - The coal railway transportation volume rose from 2.36 billion tons to 2.82 billion tons, enhancing the national coal resource allocation capacity [4] Group 2: Production and Distribution Optimization - The focus of coal production has shifted towards the central and western regions, with raw coal output in the western region increasing from 2.32 billion tons to 3.04 billion tons [5] - The production capacity of eight major provinces reached 4.36 billion tons in 2024, accounting for 91.3% of the national total [5] - Xinjiang's coal production is expected to reach 540 million tons in 2024, marking a significant increase [5] Group 3: Structural Optimization and Modernization - The number of coal mines has decreased to fewer than 4,300, with an average production scale of 1.7 million tons per mine [6] - The number of large modern coal mines with an annual output of over 10 million tons has increased to 83, with a total capacity of 1.36 billion tons per year [6] - The industry is actively developing new sectors such as advanced computing, new materials, and modern finance [6] Group 4: Green and Low-Carbon Development - The coal industry has implemented green mining technologies, achieving a comprehensive utilization rate of 74.1% for coal gangue and 74.2% for mine water [8] - The comprehensive energy consumption for coal production has decreased to 7.9 kg of standard coal per ton [8] - The industry is transitioning from a single fuel source to a dual focus on raw materials and fuel, with significant progress in developing new coal-based materials [8] Group 5: Technological Innovation and Industry Advancement - The coal industry has seen a significant increase in intelligent mining, with smart mines accounting for over 55% of total coal production capacity [9] - The industry has established several innovative platforms, including a national-level blockchain service platform [9] - The number of patents in the coal sector has been growing at an annual rate of over 25% [9] Group 6: Reform and Regulatory Enhancements - Key reforms in the coal sector have been implemented, including market-oriented reforms and the establishment of a unified coal market system [10] - The energy law and coal law revisions are underway, enhancing the regulatory framework for the industry [10] - In 2024, 26 coal companies made it to the Fortune 500 list, indicating improved market competitiveness [10] Group 7: Safety and Governance Improvements - The coal industry has enhanced its safety production capabilities, with new regulations and standards being implemented [11] - Significant investments in safety management and technology have been made to prevent major disasters [11] - The overall safety performance of coal mines has shown a stable improvement [11] Group 8: Future Outlook - The "15th Five-Year Plan" period is expected to see coal demand peak, with a focus on clean and efficient utilization [12] - The industry aims to further its role in energy security while accelerating green and low-carbon transitions [12] - The goal is to achieve higher quality, efficiency, and safety in coal production, supporting China's modernization efforts [12]

Core Viewpoint - The company has initiated trial production of its synthetic quartz sand project and is continuously optimizing operational parameters and adjusting formulations [1] Group 1: Company Developments - The synthetic quartz sand project has commenced trial production [1] - The company is working on optimizing operational parameters and adjusting formulations [1] - Small batch orders for upstream products such as organic silicon, by-product silane, and electronic-grade silica sol are expected to be formed this year [1]

Group 1 - The company guarantees that the information disclosed is true, accurate, and complete without any false records, misleading statements, or significant omissions [1][10]. - All directors attended the board meeting that reviewed the report [3]. - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves during the reporting period [4]. Group 2 - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [6]. - The company has completed the production of all planned products at the Qianjiang Electronic Specialty Gas Industrial Park, aiming for full production by 2025 [6][7]. - The Yichang Electronic Specialty Gas and Functional Materials Industrial Park is in the trial production phase for several products, with stable operations expected to be achieved this year [7]. Group 3 - The company held its fifth board meeting on August 18, 2025, to discuss various resolutions, including the approval of the 2025 semi-annual report [32][33]. - The board proposed the nomination of Mr. Cao Hongfeng as a candidate for a non-independent director, pending approval from the shareholders' meeting [35]. - The company plans to revise its articles of association and governance systems, including the abolition of the supervisory board, to enhance governance [38][39]. Group 4 - The company will hold its second extraordinary shareholders' meeting on September 5, 2025, to discuss the proposed resolutions [52][58]. - The meeting will allow for both on-site and online voting, with specific timeframes for participation [53][54]. - Shareholders must register by September 4, 2025, to attend the meeting [59].

Group 1 - The company has maintained growth in the production of major gases such as oxygen, nitrogen, and argon, while leveraging resources and technological advantages to innovate and upgrade its supply chain [3] - The company has invested over 3 billion yuan to establish two electronic specialty gas industrial parks in Yichang and Qianjiang, focusing on six business areas including electronic specialty gases and industrial chemicals [3] - As of the first half of the year, the Qianjiang electronic specialty gas industrial park has achieved stable production of high-purity ammonia, hydrogen, and carbon monoxide, with sales of high-purity hydrogen showing growth [3] Group 2 - The Yichang electronic specialty gas and functional materials industrial park has reached stable operation for its main production lines, with all planned products expected to be in stable production by the end of the year [3] - The company anticipates steady growth in operations due to the gradual production ramp-up of the two industrial parks and an increase in industrial gas projects [3] - Investors are encouraged to focus on the company's long-term value as it continues to expand its production capabilities [3]

Group 1 - The core viewpoint of the news is that 弘尚资产 has conducted research on 和远气体, highlighting the company's recent developments in the electronic specialty gas industry and its investment in two major production parks [1] - 和远气体 has maintained growth in the production of major gases like oxygen, nitrogen, and argon, while also leveraging its technological advantages in gas synthesis, separation, and purification [1] - The company has invested over 3 billion yuan to establish the 宜昌 and 潜江 electronic specialty gas industrial parks, which are now entering stable production and increasing output [1] Group 2 - The 潜江 electronic specialty gas park has begun mass production of high-purity ammonia, hydrogen, and carbon monoxide, with high-purity hydrogen sales showing growth [1] - The production of electronic-grade hydrogen chloride, chlorine, and carbonyl sulfide is expected to stabilize in the third quarter, with certification for semiconductor and panel enterprises starting in the fourth quarter [1] - The 宜昌 electronic specialty gas and functional materials park has achieved stable operation of its main production lines, with all planned products expected to be in stable production by the end of the year, contributing to revenue generation in the second half [1]

Group 1: Company Overview and Development - The company has invested over 3 billion CNY to establish two electronic specialty gas industrial parks in Yichang and Qianjiang, focusing on six business directions: electronic specialty gases, electronic chemicals, silicon-based functional materials, bulk gases, industrial chemicals, and waste gas recovery [2] - The company maintains a strong development momentum in bulk gases such as oxygen, nitrogen, and argon, leveraging resources and location advantages from the Yichang and Qianjiang chemical parks [2] Group 2: Production and Market Performance - As of the first half of the year, the Qianjiang electronic specialty gas industrial park has achieved stable production of high-purity ammonia, high-purity hydrogen, and high-purity carbon monoxide, with high-purity hydrogen sales showing growth [2] - The Qianjiang industrial park is expected to reach stable production of electronic-grade hydrogen chloride, chlorine, and carbonyl sulfide in Q3, with certification for semiconductor and panel enterprises starting in Q4 [2] - The Yichang industrial park's main production lines for trichlorosilane, silane, and tetrachlorosilicon have reached stable operation, with all planned products expected to be in stable production by the end of the year [2] Group 3: Future Outlook and Risks - The gradual production ramp-up of the two industrial parks and the increase in industrial gas projects are anticipated to lead to steady growth in the company's operations [2] - Risks include potential delays in project production schedules due to technical complexities and safety audits, as well as market fluctuations affecting product prices [3]

Summary of the Organic Silicon Industry Conference Call Industry Overview - The conference call discusses the organic silicon industry, particularly focusing on the impact of a fire incident at a major manufacturer in Shandong, which has led to a significant supply disruption in the market [1][2][3]. Key Points and Arguments - **Fire Incident Impact**: A fire at a Shandong organic silicon manufacturer caused a temporary shutdown, affecting approximately 10% of domestic capacity. This incident has led to a rapid increase in DMC prices by 1,000 yuan/ton, indicating a significant supply-demand shock in the industry [1][2]. - **Production Capacity and Shutdown Duration**: The affected plant's first and second phases (each with a capacity of 100,000 tons of silane) are expected to be offline for one month, while the third phase (200,000 tons of siloxane) may remain shut for two to three months due to equipment repairs and regulatory inspections [1][4][6]. - **Pre-Incident Production Levels**: Prior to the incident, the plant operated at a 90% utilization rate, contributing 12% of the national output, which typically meets about 14% of industry demand [1][7]. - **Market Reaction**: The fire has triggered panic in the market, affecting stock prices of related companies and leading to a unified pricing strategy among some firms to manage market volatility [2][5]. - **Current Supply-Demand Dynamics**: The organic silicon industry is currently experiencing a supply shortage, with an overall operating rate of 76% in the first half of 2025, which is below the reasonable level of 85%-90% [1][12][21]. - **Long-term Demand Outlook**: The average growth rate for organic silicon in China is projected to be around 8% for 2025, with a significant increase in consumption expected in sectors like construction, photovoltaics, and new energy [3][24]. Additional Important Insights - **Downstream Demand**: The primary applications for organic silicon include construction, photovoltaics, and new energy, with silicone rubber accounting for 60%-75% of the demand. The growth in these sectors is expected to continue, driven by low prices and increasing exports [16][19]. - **Price Trends**: The price of DMC has risen from a low of 10,200 yuan to 12,000 yuan, reflecting a 20% increase. This price level allows for profitability across the industry, although potential increases in metal silicon costs could affect future price movements [20]. - **Production Challenges**: Despite the current high demand, the industry faces challenges in meeting supply due to the need for all facilities to operate at full capacity without interruptions. The maintenance and repair cycles for equipment are also a concern, as they can extend downtime [15][18]. - **Regional Cost Disparities**: There are significant cost differences between eastern and western Chinese manufacturers, primarily due to energy prices. This affects overall competitiveness in the market [22][23]. This summary encapsulates the critical aspects of the organic silicon industry as discussed in the conference call, highlighting the immediate impacts of the fire incident, current market dynamics, and future outlook.