截至2025年12月26日收盘，海螺水泥（600585）报收于22.2元，较上周的22.18元上涨0.09%。本周，海 螺水泥12月26日盘中最高价报22.46元。12月22日盘中最低价报22.03元。海螺水泥当前最新总市值 1158.43亿元，在水泥板块市值排名1/21，在两市A股市值排名154/5181。 安徽海螺水泥股份有限公司于2025年12月31日与海慧公司签署《供应链物流运输服务合同》及《充 （换）电站设备使用合同》。根据合同，海慧公司将为本集团提供水泥、熟料、骨料、商品混凝土及煤 炭等产品的供应链物流运输服务，2026年度交易上限不超过人民币30亿元；同时，海慧公司将使用并对 外经营本集团提供的充（换）电设备及电力，年度交易上限不超过人民币1.5亿元。上述交易构成持续 关连交易，获董事会批准，须遵守年度审阅及披露规定，但获豁免独立股东批准。 安徽海螺水泥股份有限公司于2025年12月31日与海螺制剂签订两项采购框架协议，分别用于2026年度采 购燃烧促进剂、熔解促进剂及脱硫剂、水处理剂，预计总交易金额分别为不超过人民币1.51亿元和1.49 亿元。该等交易构成持续关连交易，已获董事会批准，遵循公 ...

格隆汇12月31日丨海螺水泥(00914.HK)公告，于2025年12月31日，公司(为其自身及代表集团相关成员) 与海螺制剂签订了《燃烧促进剂、熔解促进剂采购框架协议》。根据该协议，集团拟在2026年1月1日至 2026年12月31日期间，向海螺制剂采购燃烧促进剂、熔解促进剂。《燃烧促进剂、熔解促进剂采购框架 协议》项下预计总交易金额(即2026年度上限)为不超过人民币1.51亿元。 于2025年12月31日，公司(为其自身及代表集团相关成员)与海螺制剂签订了《脱硫剂、水处理剂采购框 架协议》。根据该协议，集团拟在2026年1月1日至2026年12月31日期间，向海螺制剂采购脱硫剂、水处 理剂。《脱硫剂、水处理剂采购框架协议》项下预计总交易金额(即2026年度上限)为不超过人民币1.49 亿元。 ...

于2025年12月31日，公司(为其自身及代表集团相关成员)与海螺制剂签订了《脱硫剂、水处理剂采购框 架协议》。根据该协议，集团拟在2026年1月1日至2026年12月31日期间，向海螺制剂采购脱硫剂、水处 理剂。《脱硫剂、水处理剂采购框架协议》项下预计总交易金额(即2026年度上限)为不超过人民币1.49 亿元。 格隆汇12月31日丨海螺水泥(00914.HK)公告，于2025年12月31日，公司(为其自身及代表集团相关成员) 与海螺制剂签订了《燃烧促进剂、熔解促进剂采购框架协议》。根据该协议，集团拟在2026年1月1日至 2026年12月31日期间，向海螺制剂采购燃烧促进剂、熔解促进剂。《燃烧促进剂、熔解促进剂采购框架 协议》项下预计总交易金额(即2026年度上限)为不超过人民币1.51亿元。 ...

Core Viewpoint - The Shandong Provincial Department of Industry and Information Technology, along with five other departments, has issued the "Shandong Province Red Mud Comprehensive Utilization Action Plan" to promote the reduction, control, and utilization of red mud, aiming for a comprehensive utilization rate of over 18% by 2027 [1][2]. Group 1: Red Mud Management - Red mud is a key industrial waste generated during alumina production, and Shandong is a major alumina production province with significant red mud generation and storage challenges [1]. - The plan emphasizes a lifecycle management system covering "generation—transportation—utilization—disposal" with a focus on "reduction, resource utilization, and harmlessness" [1]. Group 2: Technological Advancements - The plan encourages alumina production companies to enhance technological upgrades, utilizing big data and artificial intelligence for green and intelligent transformations [1]. - Establishing intelligent production systems with functions for process optimization, dynamic scheduling, and energy consumption management is a key objective [1]. Group 3: Utilization Pathways - Shandong will optimize the "low-cost selection of metal elements from red mud + roadbed, building materials, permeable bricks, and road slope protection" model to expand the scale of existing utilization pathways [2]. - Cities like Zibo, Yantai, Liaocheng, and Binzhou are encouraged to produce various products from red mud, including sintered bricks, non-fired bricks, and permeable bricks, while also exploring its use in construction materials and chemical products [2].

Core Viewpoint - The company is focusing on high-quality development across its "one foundation and five industries" strategy, which includes cement manufacturing as the core and expands into new energy, new materials, environmental protection, digital economy, and international trade. Market Expansion and Growth - The company emphasizes market-driven strategies, enhancing market presence, and innovating business models to improve efficiency and profitability [2] - The cement segment is committed to outperforming the market through targeted strategies and strengthening sales channels to maintain industry health and stabilize profits [2] New Materials and Consumer Market - The company is accelerating its entry into the consumer market, with significant growth in sales, achieving an 82% year-on-year increase in the C-end market from January to May [4] - The company has expanded its window and door market, with sales reaching 520,000 square meters, a year-on-year increase of 18% [4] Emerging Industries Development - The company is diversifying its industrial chain by investing in new energy, new materials, environmental protection, and digital economy, aiming to create new growth drivers [6] - In the new energy sector, the company has connected 18 projects to the grid this year, adding 200 MW of capacity, a threefold increase compared to the previous year [6] Environmental Protection Initiatives - The company is leveraging its status as a national hazardous waste disposal center to enhance its market influence, with over 50,000 tons of waste disposal contracts signed from January to May [8] - The company has seen a 46% year-on-year increase in external orders, particularly in the chemical industry [8] International Market Focus - The company is enhancing its international operations, with significant growth in overseas sales, achieving an 18% year-on-year increase from January to May [12] - New projects in Indonesia and Uzbekistan are underway, and the company has successfully established a U.S. patent, facilitating international market expansion [12] Digital and E-commerce Development - The company is extending its supply chain capabilities and fostering new trade models, with cross-border e-commerce revenue increasing by 22% year-on-year from January to May [12]

Group 1: Company Overview - Shandong Sanwei Chemical Group is a technology-driven chemical group engaged in R&D, engineering services, and production of basic chemical raw materials [3] - The company is the largest producer of n-propanol in China and a leading enterprise in the recovery of butyl and octanol residuals [3][4] - Products are widely used in pharmaceuticals, pesticides, dyes, coatings, and food additives [3][4] Group 2: Engineering Business Performance - In Q1 2025, the company signed new engineering consulting and EPC contracts worth 302.328 million yuan [5] - As of March 31, 2025, the total signed but uncompleted orders amounted to 1.6706456 billion yuan [5] - Major ongoing projects include sulfur recovery and technical transformation projects for various petrochemical companies [6] Group 3: Coal Chemical Projects - The company has undertaken several coal chemical projects, including sulfur recovery design and technical services for major energy groups [7][8] - New contracts signed in 2025 include projects for natural gas production and sulfur recovery technology services [7][8] Group 4: Chemical Business and Product Strategy - The company is actively developing new chemical materials and has a complete "aldehyde-alcohol-ester" industrial chain [9] - Strategies to cope with price fluctuations include flexible production adjustments based on market demand and raw material prices [9] Group 5: Future Development Plans - Ongoing projects include the optimization of acetic acid butyl cellulose production and the enhancement of cellulose derivatives [10] - The company aims to integrate R&D resources to promote high-end product development in food-grade and pharmaceutical-grade chemicals [10] Group 6: Collaboration and R&D - A strategic partnership with the Dalian Institute of Chemical Physics focuses on technology development in petrochemicals and materials [11] - Current projects include the development of hydrogen production and sulfur technology from refining processes [11] Group 7: Catalyst Business Overview - The catalyst business is primarily managed by Qingdao Lianxin, which specializes in sulfur-resistant conversion technology [12] - The company aims to leverage its technological advantages to enhance profitability in the catalyst sector [12]