Core Viewpoint - Jiangsu Sop Chemical Co., Ltd. will conduct a major maintenance shutdown of its methanol, acetic acid, and ethyl acetate production facilities from October 10, 2025, to November 10, 2025, as part of its annual maintenance plan, which is not expected to significantly impact the company's operations [1][2]. Group 1 - The maintenance is scheduled to ensure the safe, stable, and efficient operation of production facilities [1]. - The shutdown is expected to last for one month, with production resuming on November 10, 2025 [1]. - This maintenance will provide assurance for the stable and efficient operation of the facilities for the next two to three years [1]. Group 2 - The company commits to complying with relevant laws and regulations regarding information disclosure [1]. - The designated media for information disclosure includes the Shanghai Securities Journal and the Shanghai Stock Exchange website [1].

（文章来源：证券日报） 证券日报网讯 10月9日晚间，江苏索普发布公告称，为确保生产装置安全、稳定、高效运行，根据公司 年度检修计划，公司甲醇、醋酸、醋酸乙酯及其配套装置将于2025年10月10日起停车大修，预计大修时 间为期一个月，至2025年11月10日恢复生产。 ...

Core Viewpoint - Jiangsu Sopo (600746.SH) announced a scheduled maintenance for its methanol, acetic acid, and ethyl acetate production facilities, starting from October 10, 2025, for a duration of one month, until November 10, 2025, to ensure safe, stable, and efficient operations [1] Group 1 - The maintenance is part of the company's annual repair plan [1] - The company expects that the maintenance will not have a significant impact on its production and operations [1] - The maintenance will ensure stable and efficient operation of the facilities for the next two to three years [1]

Core Viewpoint - Jiangsu Sopo (600746) announced a scheduled maintenance for its methanol, acetic acid, and ethyl acetate production facilities, set to begin on October 10, 2025, and lasting for one month until November 10, 2025. This maintenance is part of the company's annual work plan and is not expected to have a significant impact on its production and operations [1]. Group 1 - The maintenance will affect methanol, acetic acid, and ethyl acetate production facilities [1] - The scheduled maintenance is planned to last for one month [1] - The company anticipates no major impact on its production operations due to this maintenance [1]

Core Viewpoint - Yanzhou Coal Mining Company Limited reported a significant decline in revenue and profit for the first half of 2025 compared to the same period in 2024, indicating challenges in the coal market and operational performance [3][13]. Financial Performance - Total assets at the end of the reporting period reached CNY 375.67 billion, an increase of 4.77% from the previous year [3]. - Operating revenue for the first half of 2025 was CNY 59.35 billion, down 17.93% from CNY 72.31 billion in the same period last year [3][13]. - Total profit amounted to CNY 8.42 billion, a decrease of 39.38% compared to CNY 13.89 billion in the previous year [3][13]. - Net profit attributable to shareholders was CNY 4.43 billion, down 39.31% from CNY 7.30 billion year-on-year [3][13]. - The net cash flow from operating activities was CNY 7 billion, a significant drop from CNY 14.6 billion in the previous year [4]. Production and Sales - The company produced 73.60 million tons of commercial coal in the first half of 2025, an increase of 6.54% from 69.08 million tons in the same period of 2024 [13][14]. - Coal sales decreased by 4.51% to 64.81 million tons compared to 67.88 million tons in the previous year [13][14]. - The revenue from coal sales was CNY 34.48 billion, down 27.2% from CNY 47.35 billion year-on-year [15][17]. Shareholder Information - As of June 30, 2025, the total number of shareholders was 147,762, with Shandong Energy Group holding 52.84% of the shares [5][8]. - The company proposed a cash dividend of CNY 1.80 per 10 shares [2]. Market and Industry Context - The company's coal products are primarily sold to the power, metallurgy, chemical, and trading industries, with significant sales in China, Japan, South Korea, Thailand, and Australia [18].

Group 1 - The company disclosed its main operating data for the first half of 2025, including production, sales, and revenue figures for its key products [1] - The production and sales volumes for the main products were as follows: Packaging ink produced 5,798.73 tons with sales of 5,723.59 tons, generating revenue of 10,568.48 million yuan; Polyurethane adhesive produced 3,136.12 tons with sales of 3,089.11 tons, generating revenue of 4,686.40 million yuan; Electronic ink produced 115.57 tons with sales of 119.62 tons, generating revenue of 693.68 million yuan [1] - The sales price changes for the main products were: Packaging ink at 18.46 yuan/kg (down 5.48%), Polyurethane adhesive at 15.17 yuan/kg (down 7.78%), and Electronic ink at 57.99 yuan/kg (up 0.59%) [1] Group 2 - The report also included information on the price fluctuations of key raw materials: Ethyl acetate at 4.72 yuan/kg (down 15.41%), Titanium dioxide at 12.99 yuan/kg (down 10.66%), Adipic acid at 6.84 yuan/kg (down 21.11%), Isocyanate at 15.37 yuan/kg (down 9.00%), and Propyl acetate at 6.08 yuan/kg (down 3.03%) [1] - The company achieved a revenue of 1,315.85 million yuan from its computing power business, which accounted for 7.57% of the main business revenue, with costs amounting to 794.30 million yuan [1][2]

Group 1 - The stock price of Jiangsu Sop closed at 7.68 yuan on August 18, remaining unchanged from the previous trading day [1] - The trading volume on that day was 112,395 hands, with a transaction amount of 0.86 billion yuan, and the total market value reached 8.969 billion yuan [1] - Jiangsu Sop's main business involves the production and sales of chemical raw materials and products, including acetic acid and ethyl acetate, positioning it as a significant player in the chemical raw materials sector [1] Group 2 - The company has a production base layout advantage in the Yangtze River Delta region [1] - On August 18, the net outflow of main funds was 7.2758 million yuan, with a cumulative net outflow of 21.7084 million yuan over the past five trading days [1] - The current price-to-earnings ratio of the company is 44.02 times, and the price-to-book ratio is 1.65 times [1]

Core Viewpoint - The company has announced a comprehensive action plan titled "Enhancing Quality and Efficiency to Return Value," aimed at promoting high-quality development and increasing investor returns in response to the Shanghai Stock Exchange's initiative [1][2]. Group 1: Focus on Core Business Development - The company plans to enhance its core competitiveness by increasing production through energy-saving and emission-reduction technology upgrades in acetic acid production and resuming operations of the first phase project [1]. - Mid-term strategies include extending the "coal-syngas-methanol-acetic acid-acetic ester" industrial chain and advancing the "ethylene-acetic acid-EVA integration project," targeting an additional 330,000 tons/year of ethylene production by the end of 2026 [1]. - Long-term goals involve vertical integration of the industrial chain, continuous improvement of the integrated industrial layout, and driving cost reduction and efficiency enhancement through technological innovation and low-cost strategies [1]. Group 2: Strengthening Management and Value Creation - The company is implementing a talent strategy by deepening collaborations with universities and research institutions to enhance its technological innovation and industrial upgrade capabilities [2]. - A multi-layered investor protection system is being established, including a share buyback of 1.39% of total shares and a 0.83% increase in major shareholder holdings, alongside ongoing dividends and investor communication to enhance shareholder returns [2]. Group 3: Governance and Development Foundation - The company is optimizing its governance system through a "six-in-one" approach, enhancing internal and external supervision mechanisms to ensure clear responsibilities and effective checks and balances [2]. - Compliance with laws and regulations is prioritized, with a focus on improving internal control systems and risk management to ensure operational efficiency and governance standards [2]. Group 4: Shareholder Returns - The company emphasizes maximizing shareholder value with a stable and sustainable dividend mechanism, having distributed a total of 1.659 billion yuan in cash dividends over the past five years, representing 49.18% of net profits during that period [3]. - Future dividend policies will be optimized to ensure sustainable development while providing long-term stable returns to investors [3]. Group 5: Risk Management - The company prioritizes risk prevention in its management practices, adhering to strict disciplinary requirements to maintain market order and protect investor rights [5]. - Continuous improvement of the internal control system and compliance management for subsidiaries is being implemented to ensure overall operational compliance and risk management [5]. Group 6: ESG Practices - The company is advancing its ESG framework by integrating environmental, social, and governance requirements into all operational processes, focusing on areas such as environmental protection and community engagement [4]. - Starting in 2025, the company will publish its annual ESG report to disclose sustainable development outcomes and enhance transparency and accountability to stakeholders [4].

Core Viewpoint - Yanzhou Coal Mining Company Limited reported its operational data for the second quarter of 2025, highlighting changes in coal and chemical product production and sales, influenced by market conditions and internal adjustments [1][3]. Group 1: Coal Business - The company's coal sales volume includes both self-produced and traded coal sold to external markets, excluding sales to internal chemical and power sectors [1]. - The production and sales of urea increased year-on-year due to the commissioning of a new 400,000-ton urea plant in the second quarter of 2024 [1]. Group 2: Chemical Business - The production and sales of acetic acid ethyl decreased year-on-year, attributed to Yanzhou Lunan Chemical's flexible production adjustments in response to market changes [1]. - The production and sales of full-fraction liquid paraffin, crude liquid wax, and naphtha experienced year-on-year fluctuations, also due to flexible production and product structure optimization by Shaanxi Future Energy Chemical [1]. Group 3: Operational Data Variability - The operational data may vary significantly across quarters due to various factors, including national macro policy adjustments, domestic and international market changes, seasonal factors, adverse weather, equipment maintenance, and safety inspections [2].

股票代码：600188 股票简称：兖矿能源 编号：临 2025-046 兖矿能源集团股份有限公司 2025 年第二季度主要运营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完 整性承担法律责任。 经兖矿能源集团股份有限公司（"公司"）内部统计，2025 年第 二季度，公司及其附属公司煤炭业务、煤化工业务主要运营数据如下 表： | | | 第 2 季度 | | | 1-2 季度 | | | --- | --- | --- | --- | --- | --- | --- | | | 2025 年 | 2024 年 | 增减幅（%） | 2025 年 | 2024 年 | 增减幅 （%） | | 一、煤炭业务 | | | | | | | | 1.商品煤产量 | 3,680 | 3,444 | 6.83 | 7,360 | 6,908 | 6.54 | | 2.商品煤销量 | 3,314 | 3,369 | -1.64 | 6,456 | 6,788 | -4.88 | | 其中：自产煤销量 | 3,211 | 3,263 | -1.58 | ...