特约评论员蔡湛 春光为序启新程，快马扬鞭拼开局。茂名市高质量发展大会暨推进"百千万工程"现场交流会动员全市上下起步即冲刺、全年都加力，只争朝夕，策马扬 鞭，在开局之年干出开局之势，在关键之年干出关键之为，吹响锚定高质量发展不动摇的奋进号角。 2月27日茂名日报报道截图 骐骥驰骋，未来可期。茂名日报社全媒体日前报道，总投资300多亿元的茂名石化炼油转型升级及乙烯提质改造项目全面展开稳步推进，目前总体进度完 成59%，预计2027年底建成投产，将优化产业结构，丰富产品种类，新增200多万吨化工产能，拉动下游产业产值增加1500多亿元，为茂名经济发展注入 强劲动能。 石化龙头起舞的背后，是茂名石化向新型工业化转型的坚定步履。以高端化破局、智能化提效、绿色化筑基，使这家七十多年历史的老国企"强油精化"， 焕发蓬勃生机。这启示我们，建设特色鲜明的制造业强市，必须锚定重大项目不放松不懈怠，以实干笃行将高质量发展宏大蓝图变为璀璨现实。 百舸争流，奋楫者先；千帆竞发，勇进者胜。高质量发展是一场艰苦的竞速赛、耐力赛、接力赛。在"压力测试"下不变形、在"耐力赛跑"中不泄气， 在"实力竞技"中勇争先，比拼的是产业发展的"硬实力"。 ...

转自：中国科学报 在中国石油吉林石化公司的一座崭新装置内，洁白的ABS树脂颗粒正源源不断地倾泻而出。经检测，其 底色白度等关键指标均达到国际顶尖水平。这一刻，年产20万吨本体法ABS装置成功产出合格产品，标 志着我国在本体法ABS技术及成套装备领域实现了从工艺、产品到装备的全面国产化。 该装置的顺利投产，使得吉林石化ABS总产能一举跃升至180万吨/年，跻身全球产能前列，有力推动我 国石油化工产品向高端化、绿色化迈进。 从深陷技术封锁的困境到实现自主可控，从亦步亦趋的模仿到与世界先进水平并肩赛跑，这场由大连理 工大学教授李杨团队领衔、与产业龙头协同攻坚的"技术突围战"，历时三十载终获圆满转化。"这不止 是一项技术的突破，更是一条'三位一体'成果转化路径的成功实践。"李杨感慨道。 连续本体法ABS树脂产品。大连理工大学供图 从"水中捞面"到"干法揉面" 时间回溯至三十年前，中国的ABS树脂产业发展前景并不明朗。 作为一种广泛应用于汽车、电子、家电的关键工程塑料，ABS树脂的全球技术高地长期被国外化工巨头 占据，国内企业只能大规模引进"乳液法"工艺，然而生产过程却阻碍重重。 "我们不仅要支付高昂的技术许可费，生产 ...

Core Viewpoint - The successful production of qualified products from a 200,000 tons/year ABS plant by Jilin Petrochemical Company, utilizing the continuous bulk method developed by Dalian University of Technology, marks a significant advancement in China's domestic capabilities in ABS technology and equipment [1][2]. Group 1: Technology and Production - The continuous bulk method for producing ABS offers advantages over traditional emulsion methods, including shorter processes, lower energy consumption, reduced investment, superior product performance, and environmental friendliness [1]. - The new ABS plant increases Jilin Petrochemical's total ABS production capacity to 1.8 million tons/year, positioning it among the top producers globally and promoting the high-end and green transformation of China's petrochemical products [1]. Group 2: Research and Development - Professor Li Yang's team at Dalian University of Technology has developed a complete independent intellectual property system covering process methods, product systems, and equipment design, focusing on high-end chemical materials [1]. - The ABS products produced using this new method exhibit characteristics such as pure white color, resistance to yellowing, low residual monomer content, and impact resistance that meets international leading standards, supporting the upgrade of China's ABS industry [1]. Group 3: Collaboration and Future Directions - The rapid transformation of this technology is attributed to a new collaborative model formed by Dalian University of Technology, which integrates original research, discipline-specific company transformation, and application by leading enterprises [2]. - The university plans to continue enhancing organized research and deepening the integration of industry and academia, supporting more high-level research outcomes to meet national demands and contribute to the upgrade of China's high-end chemical materials and manufacturing [2].

Group 1 - The Liao Bin Economic and Technological Development Zone has set a target for "project breakthrough year," focusing on high-quality projects to build a modern industrial system, resulting in a 47.6% year-on-year increase in fixed asset investment and a 45.8% increase in actual domestic investment in the first 11 months [1] - The Huajin Amoco fine chemical and raw material engineering project has achieved mechanical completion of 28 major production units, with an overall construction progress exceeding 95%. This project aims to enhance the resilience and safety of the industrial and supply chains by moving towards high-end value chains in the petrochemical industry [1] - The development of a 3.57 square kilometer downstream fine chemical industrial park is planned to support the head enterprise clustering effect of the Huajin Amoco project, focusing on deep processing of products and promoting the development of new chemical materials and high-end fine chemicals [1] Group 2 - The Liao Bin Economic and Technological Development Zone held an investment promotion conference on January 4, establishing a "1+6" system to attract investments, resulting in 60 recognized signed projects with a total agreement amount of 27 billion yuan [2] - The Liaoning Jinfa Technology project for a 200,000-ton functional ABS modified workshop has six production lines in operation, while the remaining seven lines are under installation. Other projects include a 2 billion yuan wind power large pile equipment manufacturing project and a 1.51 billion yuan 500 kV transformer project nearing completion [2] - New signed projects are progressing rapidly, including the completion of the filing for the Andeford zero-carbon green ammonia energy storage center and the Icos carbon five new material project, which is in the final stages of environmental and safety assessments [2] Group 3 - The Liao Bin Economic and Technological Development Zone has established an efficient closed-loop system for project management, ensuring seamless coordination among departments and a "weekly scheduling mechanism" to address issues promptly [3] - Notable companies such as Jincheng Petrochemical, Lanxess, and Wiggins have gathered in the area, contributing to a diverse range of export products including ABS resin, butyl rubber, and epoxy resin, which are vital for the green petrochemical advanced manufacturing cluster [3]

Core Viewpoint - Huajin Co., Ltd. is focusing on enhancing its competitive edge and addressing challenges in the petrochemical industry through innovation and strategic planning [1][2][3] Group 1: Business Overview - Huajin Co., Ltd. specializes in the production and sales of petrochemicals and chemical fertilizers, with key products including diesel, polypropylene resin, polyethylene resin, ABS resin, and various oils [1] - The company has strong production capabilities in both naphthenic and paraffinic base oils, supported by a robust technology innovation system that integrates research, production, and sales [1] Group 2: Challenges and Responses - The company's performance is influenced by multiple factors, including raw material prices, product sales prices, and production efficiency, with recent losses attributed to international oil price fluctuations and insufficient downstream demand in the petrochemical sector [2] - To mitigate risks from raw material price volatility, the company is optimizing procurement strategies, exploring new channels, and enhancing marketing operations [2] Group 3: Future Development Strategy - Huajin Co., Ltd. plans to focus on optimizing four key sectors, strengthening the industrial chain, and improving operational capabilities, while emphasizing high-end, green, and intelligent development [3] - The company aims to accelerate the development of high-value-added new products to enhance its competitive advantage and align with national policy directions [3]

证券代码：600143 证券简称：金发科技 公告编号：2025-087 金发科技股份有限公司 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》有关规定和披露要求，金发科技股份有限公司（以下简称"公司"） 将2025年第三季度主要经营数据披露如下： 一、主要产品的产量、销量及收入实现情况 | 主要产品 | 年 产量（2025 | 月、万 7-9 | 年 销量（2025 | 月、万 7-9 | 营业收入（2025 | 年 7-9 | | --- | --- | --- | --- | --- | --- | --- | | | 吨） | | | 吨） | 月、万元） | | | 改性塑料产品 | | 82.14 | | 78.20 | | 913,050.01 | | 绿色石化产品 | | 53.18 | | 46.11 | | 312,908.97 | | 新材料产品 | | 4.67 | | 7.23 | | ...

Core Points - The European Chemicals Agency (ECHA) has identified Decabromodiphenyl Ether (DBDPE) as a Substance of Very High Concern (SVHC) due to its high persistence and bioaccumulation characteristics [1] - DBDPE is primarily used as a substitute for decabromodiphenyl ether flame retardants and is commonly found in various plastics and products [1] - The identification of DBDPE as SVHC will support potential restrictions on brominated flame retardants and aligns with the deadline for its inclusion in the CLP regulation [1] Group 1 - ECHA plans to include DBDPE in the SVHC candidate list in November [1] - DBDPE is used in HIPS, ABS resins, PVC, PP, adhesives, sealants, coatings, lubricants, and cleaning products [1] - Sweden proposed to classify DBDPE as an SVHC candidate substance on April 23, 2025, with public consultation occurring from June 27 to August 11, 2025 [1] Group 2 - Manufacturers and importers must notify if SVHC is present in their products at concentrations exceeding 0.1% by weight and if the total weight produced in the EU exceeds 1 ton annually [2] - Companies placing items containing SVHC above 0.1% in the EU market are required to complete SCIP notifications as per the Waste Framework Directive [2]

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core View of the Report - No clear core view presented in the given content Group 3: Summary by Relevant Catalogs 1. BR Main Contract Overview - The closing price of the main contract on August 28 was 11,980, with a daily increase of 270 and a weekly increase of 320 [4]. - The open interest of the main contract was 41,078, up 1,166 daily and 5,323 weekly [4]. - The trading volume of the main contract was 132,297, a daily increase of 37,298 and a weekly increase of 42,963 [4]. - The number of warehouse receipts was 12,260, down 210 daily and up 70 weekly [4]. - The long - short ratio was 16.75 [4]. 2. Basis & Calendar Spread - The basis of cis - butadiene changed from 40 on August 22 to - 30 on August 28, a daily decrease of 120 and a weekly decrease of 70 [4]. - The basis of cis - butadiene (two major oil companies) changed from 240 on August 22 to 120 on August 28, a daily decrease of 270 and a weekly decrease of 120 [4]. - The basis between butadiene styrene and cis - butadiene changed from 590 on August 22 to 420 on August 28, a daily decrease of 270 and a weekly decrease of 170 [4]. - The spread between the 8 - 9 contracts changed from 145 on August 22 to 15 on August 28, a daily decrease of 260 and a weekly decrease of 130 [4]. - The spread between the 9 - 10 contracts was - 15 on August 28, a daily decrease of 5 and a weekly decrease of 35 [4]. 3. Spot Market - The market price in Shandong for cis - butadiene was 11,950 on August 28, up 150 daily and 250 weekly [4]. - The market price at Transfar for cis - butadiene was 11,900 on August 28, up 200 daily and 250 weekly [4]. - The ex - factory price of Qilu for cis - butadiene was 12,100 on August 28, unchanged daily and up 200 weekly [4]. - CFR Northeast Asia was 1,475, unchanged daily and no weekly change data available [4]. - CFR Southeast Asia was 1,725, unchanged daily and weekly [4]. 4. Processing & Import - Export - The spot processing profit of BR was - 32 on August 28, up 28 daily and down 31 weekly [4]. - The futures processing profit of BR was - 2 on August 28, up 178 daily and 40 weekly [4]. - The import profit was - 86,374 on August 28, up 232 daily and down 1,112 weekly [4]. - The export profit was - 495 on August 28, down 139 daily and 65 weekly [4]. 5. BD Price and Profit - The market price in Shandong for butadiene was 9,590 on August 28, up 90 daily and 275 weekly [4]. - The market price in Jiangsu for butadiene was 9,400 on August 28, up 100 daily and 150 weekly [4]. - The carbon four extraction profit was not available on August 28, and previous data showed fluctuations [4]. - The butene oxidative dehydrogenation profit was 306 on August 28, up 100 daily and 150 weekly [4]. - The import profit of butadiene was not available on August 28, and previous data showed changes [4]. - The export profit of butadiene was - 93 on August 28, down 93 daily and up 29 weekly [4]. 6. Downstream Profit - The production profit of ABS was 33 on August 28, up 24 daily and 102 weekly [4]. - The production profit of SBS (791 - H) was 1,090 on August 28, unchanged daily and down some amount (data incomplete) weekly [4]. 7. Inter - Variety and Intra - Variety Spreads - The spread between RU - BR was - 25,133 on August 28, down 981 daily and 5,003 weekly [4]. - The spread between NR - BR was - 28,298 on August 28, down 1,001 daily and 5,053 weekly [4]. - The spread between Thai mixed rubber and cis - butadiene was 2,900 on August 28, unchanged daily and weekly [4]. - The spread between 3L and butadiene styrene was 2,750 on August 28, up 150 daily and 150 weekly [4]. - The spread between standard and non - standard cis - butadiene was 200 on August 28, down 50 daily and unchanged weekly [4]. - The spread between butadiene styrene 1502 and 1712 was 900 on August 28, unchanged daily and down 100 weekly [4].

Group 1: Report Overview - Report Name: Yongan Synthetic Rubber Morning Report [2] - Research Team: Research Center Energy and Chemicals Team [3] - Report Date: August 13, 2025 [3] Group 2: BR (Butadiene Rubber) Data 1. Futures Contract Data - Main contract closing price on August 12 was 11,825, with a daily change of 40 and a weekly change of 310 [4] - Main contract open interest on August 12 was 26,687, with a daily change of -1,401 and a weekly change of -3,745 [4] - Main contract trading volume on August 12 was 60,045, with a daily change of -78,270 and a weekly change of 6,100 [4] 2. Warehouse Receipt and Ratio Data - Warehouse receipt quantity on August 12 was 0, with a daily change of -10,470 and a weekly change of -10,540 [4] - The virtual - real ratio on August 12 had a DIV/0! error [4] 3. Basis and Spread Data - Butadiene basis on August 12 was -75, with a daily change of 10 and a weekly change of -160 [4] - Butadiene basis (Two - oil) on August 12 was -125, with a daily change of -40 and a weekly change of -110 [4] - Styrene - butadiene basis on August 12 was 425, with a daily change of 60 and a weekly change of -60 [4] - 8 - 9 month spread on August 12 was -5, with a daily change of -15 and a weekly change of -5 [4] - 9 - 10 month spread on August 12 was 5, with a daily change of 5 and a weekly change of 10 [4] 4. Price and Profit Data - Shandong market price on August 12 was 11,750, with a daily change of 50 and a weekly change of 150 [4] - Chuanhua market price on August 12 was 11,700, with a daily change of 0 and a weekly change of 200 [4] - Qilu ex - factory price on August 12 was 11,700, with a daily change of 0 and a weekly change of 200 [4] - CFR Northeast Asia on August 12 was 1,450, with a daily change of 0 and a weekly change of 0 [4] - CFR Southeast Asia on August 12 was 1,735, with a daily change of -15 and a weekly change of -15 [4] - Spot processing profit on August 12 was -79, with a daily change of 111 and a weekly change of -18 [4] - Futures processing profit on August 12 was -4, with a daily change of 101 and a weekly change of 142 [4] - Import profit on August 12 was -83,803, with a daily change of 45 and a weekly change of -1,536 [4] - Export profit on August 12 was -452, with a daily change of -43 and a weekly change of -124 [4] Group 3: BD (Butadiene) Data 1. Price Data - Shandong market price on August 12 was 9,440, with a daily change of -60 and a weekly change of 140 [4] - Jiangsu market price on August 12 was 9,350, with a daily change of -50 and a weekly change of 100 [4] - Yangzi ex - factory price on August 12 was 9,400, with a daily change of 0 and a weekly change of 200 [4] - CFR China on August 12 was 1,070, with a daily change of 0 and a weekly change of -10 [4] 2. Profit Data - Carbon four extraction profit data for August 12 was N/A [4] - Butene oxidative dehydrogenation profit on August 12 was 256, with a daily change of -50 and a weekly change of 30 [4] - Import profit on August 12 was 508, with a daily change of -20 and a weekly change of 175 [4] - Export profit on August 12 was -1,096, with a daily change of 44 and a weekly change of 61 [4] 3. Downstream Profit Data - Butadiene rubber production profit on August 12 was -4, with a daily change of 101 and a weekly change of 142 [4] - Styrene - butadiene rubber production profit on August 12 was 750, with a daily change of 0 and a weekly change of 25 [4] - ABS production profit data for August 12 was N/A [4] - SBS (791 - H) production profit on August 12 was 1,160, with a daily change of 200 and a weekly change of 30 [4] Group 4: Spread Data 1. Inter - variety Spread - The difference between Thai mixed rubber and butadiene rubber on August 12 was 2,870, with a daily change of -10 and a weekly change of 150 [4] - The difference between 3L rubber and styrene - butadiene rubber on August 12 was 2,600, with a daily change of -100 and a weekly change of -50 [4] - The difference between RU and BR on August 12 was -10,827, with a daily change of 1,200 and a weekly change of 5,060 [4] - The difference between NR and BR on August 12 was -14,022, with a daily change of 1,446 and a weekly change of 4,110 [4] 2. Intra - variety Spread - The difference between standard and non - standard butadiene rubber on August 12 was 200, with a daily change of 50 and a weekly change of -50 [4] - The difference between styrene - butadiene 1502 and 1712 on August 12 was 1,000, with a daily change of 50 and a weekly change of -150 [4]

Core Viewpoint - North Huajin Chemical Industries Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, attributed to weak global economic growth, fluctuating international oil prices, and increased domestic production capacity [1][2]. Company Overview and Key Financial Indicators - The company is primarily engaged in the production and sale of petrochemicals and chemical fertilizers, with major products including diesel, polypropylene, polyethylene, and various chemical fertilizers [2][3]. - Total revenue for the first half of 2025 was approximately CNY 20.10 billion, a decrease of 5.01% compared to CNY 21.16 billion in the same period last year [3][4]. - The net profit attributable to shareholders was a loss of CNY 989.14 million, worsening from a loss of CNY 742.89 million year-on-year, representing a 33.15% decline [3][4]. - The company reported a basic earnings per share of -0.6184, down 33.13% from -0.4645 in the previous year [3][4]. Main Business Analysis - The petrochemical sector accounted for 86.47% of total revenue, while the chemical fertilizer sector contributed 4.47% [6][7]. - The sales revenue from the petrochemical sector was CNY 17.38 billion, down 5.73% from the previous year, while the chemical fertilizer sector saw a 17.75% decline in revenue [6][7]. - The company has implemented various strategies to optimize production and enhance operational efficiency, including the use of advanced management systems and collaboration with major oil companies [2][3]. Financial Performance and Cost Management - Operating costs decreased by 5.30% to CNY 17.91 billion, reflecting efforts to control expenses amid declining revenues [4][5]. - The company has focused on cost control measures, including reducing unnecessary expenditures and optimizing procurement strategies to mitigate the impact of fluctuating raw material prices [2][3]. - Cash flow from operating activities was reported at -CNY 3.04 billion, showing a slight improvement of 0.32% compared to the previous year [4][5]. Asset and Liability Status - Total assets at the end of the reporting period were approximately CNY 27.37 billion, down 2.50% from the previous year [8]. - The company's net assets attributable to shareholders decreased by 8.75% to CNY 10.48 billion [8]. Investment and Financing Activities - The company reported a significant increase in financing activities, with net cash flow from financing activities reaching CNY 1.70 billion, a 548.43% increase compared to the previous year [4][5]. - The company has utilized part of its idle funds to supplement working capital, with a temporary use of CNY 300 million approved by shareholders [10][11]. Future Development and Strategic Focus - The company aims to enhance its competitive edge by focusing on high-value product development and optimizing its industrial chain [2][3]. - Plans include strengthening communication with key stakeholders and improving operational efficiency to adapt to market changes [2][3].