目前，盘锦已围绕华锦阿美项目谋划了下游60个延链补链项目，储备了118家目标企业，并规划3.57平 方公里的下游产业集聚区。盘锦将把华锦阿美项目建设成为中沙合作的样板项目，加强与沙特等中东国 家在特种化学品、高性能橡胶、工程塑料等领域的合作，带动更多沙特阿美合作伙伴落地盘锦。 据介绍，项目建成后，将实现年收入超千亿元，利润总额超百亿元，税收200亿元以上，有望成为世界 级石化和精细化工产业基地，对推动东北振兴意义重大。 近日，华锦阿美精细化工及原料工程项目165万吨/年乙烯装置、200万吨/年芳烃联合装置、100万吨/年 碳四联合装置、20万吨/年聚醚多元醇装置顺利完成机械竣工。至此，项目的32套主要生产装置全部机 械竣工。 总投资837亿元的华锦阿美精细化工及原料工程项目，是中国和沙特阿拉伯全面战略合作的重大项目， 也是沙特在华的最大投资项目。主要建设1500万吨/年炼油和165万吨/年乙烯等共32套工艺装置以及配 套公用工程和辅助设施。项目2023年3月开工以来，建设者们冒严寒、战酷暑，抢工期、赶进度，在 2025年即将收官之际，迎来了全部主要生产装置机械竣工这一重要里程碑。 该项目建设创造了多项行业纪录 ...

阚雪迪 本报记者 刘永安 本报讯 12月25日，华锦阿美精细化工及原料工程项目建设迎来重要里程碑，165万吨/年乙烯装置、200 万吨/年芳烃联合装置、100万吨/年碳四联合装置、20万吨/年聚醚多元醇装置顺利机械竣工。至此，华 锦阿美项目32套主要生产装置全部机械竣工，圆满完成年内全部主要生产装置机械竣工目标。 华锦阿美精细化工及原料工程项目于2023年3月29日开工，总投资837亿元，主要建设1500万吨/年炼油 和165万吨/年乙烯等共32套工艺装置。在进入全面建设期后，混凝土、装置区地管、钢结构、设备安装 等工作多线并进，现场大型设备密集，交叉作业多、施工强度大，超大件设备运输路径需跨越多重障 碍，施工精度要求极高。 其中，华锦阿美165万吨/年乙烯装置为目前国内最大的单体乙烯装置，也是项目化工区域的龙头装置， 施工进度十分关键，为此成立多支"安装攻坚"党员突击队，推动重2100余吨的丙烯精馏塔、近1000吨的 乙烯精馏塔同日吊装完成，创造行业纪录；在芳烃联合装置，项目团队将全球化工项目同类型塔器中直 径最大、高度最高、重量第二的设备，重4366吨的抽余液塔一次吊装成功；在聚醚多元醇装置，团队建 立" ...

Core Viewpoint - The company, Lihua Yihui Chemical Co., Ltd., has released its third-quarter operational data for 2025, ensuring the accuracy and completeness of the information provided in the report [7]. Financial Data - The financial statements for the third quarter of 2025 have not been audited [3]. - The report includes key financial data and indicators, with a focus on the company's performance over the specified period [3][4]. Major Products and Performance - The company has detailed the production, sales, and revenue realization of its main products, which include phenolic and ketone-related products, new energy materials, specialty chemicals, and industrial gases [7][8]. - Specific product categories mentioned are phenol, acetone, isopropanol, bisphenol A, dimethyl carbonate, propylene, and hydrogen, among others [7][8]. Price Changes - The report outlines the price changes for major products and raw materials, although specific figures are not provided in the summary [9]. Other Important Information - There are no other significant events affecting the company's operations during the reporting period [9].

Group 1 - The company guarantees the authenticity, accuracy, and completeness of the semi-annual report, and assumes legal responsibility for any false records or misleading statements [1][5][11] - The semi-annual report has not been audited [3][8] - The board of directors approved the profit distribution plan or capital reserve transfer plan, which is not applicable for this period [4] Group 2 - The company, Li Hua Yi Wei Yuan Chemical Co., Ltd., is identified by the stock code 600955 and is involved in the chemical industry [5][10] - The company has disclosed its major operating data for the first half of 2025, including production, sales, and revenue for key products [5][8] - The report includes information on the price changes of major products and raw materials [8] Group 3 - The board of directors held its ninth meeting on August 26, 2025, with all members present [2][12] - The board approved the semi-annual report and its summary, which complies with regulatory requirements [13][27] - The board also approved the cancellation of the supervisory board and the revision of the company's articles of association, which will be submitted for shareholder approval [15][29][54] Group 4 - The company will hold its first extraordinary general meeting of 2025 on September 12, 2025, with both on-site and online voting options available [33][35] - Shareholders must register to attend the meeting, with specific requirements outlined for both individual and corporate shareholders [44][45] - The meeting will address various proposals that have been previously approved by the board and supervisory board [38]

Summary of Conference Call Records Industry Overview - The records primarily discuss the **LPG (Liquefied Petroleum Gas)** market and its relationship with the **crude oil** market, particularly in the context of geopolitical tensions in the Middle East and trade dynamics between the US and China [1][2][3][4][6][16]. Key Points and Arguments 1. **Geopolitical Impact on Oil Prices**: - The easing of geopolitical tensions in the Middle East has led to a decrease in geopolitical premiums, with Brent crude oil prices expected to fluctuate and struggle to return to $80 per barrel [1][4][15]. - Recent events, including US military actions and diplomatic negotiations, have caused significant volatility in oil prices, with Brent crude reaching a peak of $79.4 per barrel before falling to $66.5-$67 [2][15]. 2. **LPG Market Trends**: - The LPG market is closely linked to crude oil prices, showing a weakening trend influenced by trade wars and geopolitical developments [1][6][7][16]. - Future LPG market performance is anticipated to remain weak, driven by global economic conditions and energy price fluctuations [1][7][16]. 3. **Carbon Four's Role**: - Carbon four (C4) has gained importance in the LPG futures market as a deliverable commodity, with its price being influenced by crude oil and its derivatives [8][9][10]. - The relationship between crude oil prices and LPG is primarily transmitted through C4 prices, affecting the pricing of LPG significantly [8][10][16]. 4. **Supply and Demand Dynamics**: - The supply of LPG has been impacted by increased production from domestic refineries, which has limited price increases despite rising crude oil prices [12][13]. - The demand for C3 (propane) is increasing, while C4 demand remains weak, potentially making C4 the cheapest deliverable commodity in the LPG futures market [3][24]. 5. **Future Price Predictions**: - The overall outlook for the LPG futures market is pessimistic, with expectations of continued price declines as C4 becomes the cheapest deliverable commodity [14][24]. - The LPG market is expected to follow crude oil prices more closely than propane demand, indicating a bearish trend [17][24]. 6. **Impact of Trade Policies**: - Changes in China's import structure have led to increased demand for Middle Eastern sources, making Saudi CP propane prices more resilient compared to oil prices [20]. - The ongoing trade tensions and tariff uncertainties have shifted Chinese importers' preferences towards Middle Eastern LPG, affecting pricing dynamics [11][20]. 7. **Shipping Costs and Geopolitical Risks**: - Shipping costs from the Middle East to the Far East have increased due to geopolitical instability, currently averaging $85-$86 per ton [21]. - The geopolitical situation has caused many importers to adopt a wait-and-see approach, impacting LPG trade flows and inventory levels [21][22]. 8. **Domestic Demand Trends**: - Residential demand for LPG is declining due to the increasing adoption of natural gas pipelines, while industrial demand remains uncertain due to economic conditions and trade policies affecting propane and butane usage [23][24]. Other Important Insights - The records highlight the significant influence of US political figures, particularly President Trump, on oil market expectations through public statements regarding oil prices [5][15]. - The relationship between domestic LPG prices and international benchmarks is complex, with various factors including tariffs, geopolitical risks, and market dynamics influencing pricing strategies [19][20]. This comprehensive analysis provides a detailed understanding of the current state and future outlook of the LPG market in relation to crude oil prices and geopolitical factors.