Core Viewpoint - Yaxing Chemical is planning to acquire control of Shandong Tianyi Chemical Co., Ltd. through a combination of issuing shares and cash payments, which is expected to constitute a major asset restructuring and related party transaction [2][3] Group 1: Transaction Details - The transaction is currently in the planning stage, with the preliminary counterparty being the controlling shareholder of Tianyi Chemical, Shandong Tianyi Holding Group Co., Ltd. [3] - The transaction is not expected to change the actual controller of Yaxing Chemical and will not constitute a restructuring listing [3] - Yaxing Chemical's stock will be suspended from trading starting November 4, with an expected suspension period of no more than 10 trading days [3] Group 2: Tianyi Chemical Overview - Tianyi Chemical, established in November 2002, has a registered capital of 89.7994 million yuan and specializes in the research, development, and production of bromine series products [4] - The company has an annual production capacity of over 60,000 tons of various chemical products, including tetrabromobisphenol A and decabromodiphenyl ether, with an annual output value of 1 billion yuan [4] - Tianyi Chemical's bromine-based flame retardants hold over 50% market share domestically and up to 70% internationally for certain water-based functional monomers, positioning it as a "hidden champion" in its niche [4] Group 3: Strategic Implications - The acquisition is expected to leverage Tianyi Chemical's leading position and technical advantages in bromine chemicals, potentially enhancing Yaxing Chemical's business diversification and synergy effects, thereby improving long-term profitability and market confidence [4] - Investors are advised to pay attention to the valuation of the target assets, financing feasibility, and regulatory approval processes [4] Group 4: Ongoing Projects - Yaxing Chemical is advancing its 45,000 tons/year high-end new materials project, with equipment and installations nearing completion and expected to commence production in the fourth quarter [6] - The company is also progressing on its 500 tons/year hexachlorocyclotriphosphazene and 500 tons/year benzyl chloride ammonium industrialization projects, which are set to begin production in the fourth quarter as well [6]

Core Viewpoint - Yaxing Chemical is planning to acquire control of Shandong Tianyi Chemical Co., Ltd. through a combination of share issuance and cash payment, which is expected to constitute a major asset restructuring and related party transaction [1][2] Group 1: Transaction Details - The transaction is currently in the planning stage, with the preliminary counterparty being the controlling shareholder of Tianyi Chemical, Shandong Tianyi Holding Group Co., Ltd. [2] - The company has announced that this transaction will not lead to a change in the actual controller and does not constitute a restructuring listing [2] - Yaxing Chemical's stock will be suspended from trading starting November 4, with an expected suspension period of no more than 10 trading days [2] Group 2: Tianyi Chemical Overview - Tianyi Chemical, established in November 2002, has a registered capital of 897.994 million yuan and specializes in the research, development, and production of bromine series products [3] - The company has an annual production capacity of over 60,000 tons and an annual output value of 1 billion yuan, with products exported globally [3] - Tianyi Chemical holds a market share of over 50% in domestic brominated flame retardants and up to 70% in certain water-based functional monomers in the international market, positioning it as a "hidden champion" in its niche [3] Group 3: Strategic Implications - The acquisition is expected to enhance Yaxing Chemical's business diversification and synergy by integrating Tianyi Chemical's leading position and technical advantages in the bromine chemical sector, potentially improving long-term profitability and boosting market confidence [3] - Investors are advised to pay close attention to the valuation of the target assets, financing feasibility, and regulatory approval processes [3] Group 4: Company Developments - Yaxing Chemical has been active recently, with its core products, including chlorinated polyethylene, caustic soda, and hydrogen peroxide, generating a total revenue of 626 million yuan in the third quarter of 2025 [4] - The company is progressing steadily with its 45,000 tons/year high-end new materials project, with equipment installation nearly complete and expected to commence production in the fourth quarter [4]

潍坊亚星化学股份有限公司 关于 2025 年第三季度主要经营数据公告 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。 根据上海证券交易所《上海证券交易所上市公司自律监管指引第3号行业信 息披露：第十三号——化工》的要求，潍坊亚星化学股份有限公司（以下简称"公 司"）现将2025年第三季度主要经营数据披露如下： 二、主要产品和原材料的价格变动情况 证券代码：600319 证券简称：亚星化学 编号：临2025-046 （一）主要产品价格变动情况 2025年第三季度,公司主要产品的价格详见下表: | 主要产品 | | 2024年第三季 | | | 2025年第二季 | | | 2025年第三季 | | | 同 比 | 变 | 环 | 比 | 变 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 度 | 平 | 均 单 | 价 度 | 平 | 均 单 价 | 度 | 平 | 均 ...