本报记者 禹伟良 陆娅楠 唐露薇 《人民日报》（2026年01月05日 第 01 版） 0:00 "推动长江经济带绿色发展首先要解决思想认识问题""一定要从思想认识和具体行动上来一个根本转变"。 ——习近平 "埋头拉车摔跟头，抬头看路尝甜头。学习新思想方向明，楚源集团认高质量发展这个新时代的硬道理！" 一进楚源厂区，党委书记、董事长杨鹏拉着记者直奔数字监控中心。 近5年记者五进楚源，变化有形又无形。 有形的是旧车间拆除，老烟囱"下岗"，机器人上线，纳米材料中试，新质生产力点亮传统化工业；无形的是企业从上到下的思想之变。 楚源高新科技集团公司，位于湖北荆州石首长江边，曾是全球规模最大的活性染料中间体制造商，在湖北省和全国同行中一直"响当当"。两任董事长杨志 成、杨鹏父子，当地人喊作"老杨""小杨"。 小杨口中的"摔跟头"发生在10年前。2016年初，楚源集团跻身荆州市纳税榜前三，老杨小杨迎来"高光时刻"。两个月后，2700多万元环保罚单砸向楚源集 团，创下长江流域"历史之最"。 "天价罚单"震惊湖北，震动沿江。涉事企业违规排污，实则是老杨小杨思想没跟上时代变化："身子进了新时代，思想还停留在过去。" 2016年 ...

本报记者 禹伟良 陆娅楠 唐露薇 "推动长江经济带绿色发展首先要解决思想认识问题""一定要从思想认识和具体行动上来一个根本转 变"。 ——习近平 "埋头拉车摔跟头，抬头看路尝甜头。学习新思想方向明，楚源集团认高质量发展这个新时代的硬道 理!" 2016年1月5日，习近平总书记在重庆召开具有里程碑意义的推动长江经济带发展座谈会，强调"当前和 今后相当长一个时期，要把修复长江生态环境摆在压倒性位置，共抓大保护，不搞大开发"。 2018年4月25日，习近平总书记乘船考察长江，从石首登岸。第二天，总书记在武汉主持召开深入推动 长江经济带发展座谈会，鲜明指出，"推动长江经济带绿色发展首先要解决思想认识问题""一定要从思 想认识和具体行动上来一个根本转变"。 讲话中，总书记点到了"位于长江'九曲回肠'石首段的一家临江化工企业，产业规模居世界前三，是当 地的纳税大户，但也是排污大户，严重污染问题多年难以解决，周围群众苦不堪言。这两年环保部门动 真格严查，开出二千七百多万元的长江流域'史上最大环保罚单'，倒逼企业关闭污染严重、难以改造的 生产线"。 近5年记者五进楚源，变化有形又无形。 有形的是旧车间拆除，老烟囱"下岗"，机 ...

（编辑 王雪儿） 证券日报网讯 12月4日，锦鸡股份在互动平台回答投资者提问时表示，公司H酸具体试投产情况请参阅 相关定期报告或临时公告。公司目前生产经营活动一切正常，不存在应披露而未披露的信息。本年度前 三季度的财务状况、经营成果已对外披露，全年经营情况请参阅业绩预告或年度报告。公司以提升投资 价值为导向持续开展市值管理，规范运作、稳健经营，不断推动经营水平和发展质量提高，并通过聚焦 主业经营、持续现金分红、畅通沟通渠道、规范信息披露等措施，推动投资价值合理反映上市公司质 量，提增投资者信心。 ...

Industry Overview - China is the world's largest producer, trader, and consumer of dyes, accounting for approximately 70% of global dye production [1] - Major dye production regions in China include Zhejiang, Jiangsu, and Shandong, with a high industry concentration [1] - The dye industry is characterized by intense competition, with increasing production capacity both domestically and internationally [2] Company Performance - For the first three quarters of 2025, the company achieved a revenue of ¥4,163,303,974.91, a year-on-year increase of 2.25% [2] - Operating profit reached ¥326,804,261.74, reflecting a growth of 11.78% year-on-year [2] - Net profit attributable to shareholders was ¥225,054,399.80, marking a significant increase of 49.10% year-on-year [2] H Acid Market Insights - Domestic effective capacity for H acid is currently below 60,000 tons, resulting in a supply shortfall of over 10% [2] - Historical prices for H acid have exceeded ¥100,000 per ton, while current market prices are around ¥40,000 per ton [2] - The company's H acid production capacity is located at its subsidiary Jiangsu Mingsheng, which is currently not in operation [2] Pricing Strategy - Dye product prices are determined by market supply and demand as well as raw material costs, with the company adopting a market-following pricing strategy [2] Investment Activities - The company has a robust cash flow and collaborates with professional investment institutions to explore growth opportunities in the semiconductor sector [2] - The company holds a 100% stake in Runyu Jinheng (Jiaxing) Investment Partnership, which has invested in various venture capital funds [2] - For example, the company indirectly holds 0.2068% of the total share capital of Muxi Integrated Circuit (Shanghai) Co., Ltd. through its investment in Tongchuang Zhixin [2] Industry Chain Strategy - The company implements a "backward integration" strategy to extend its industrial chain, achieving significant results in key intermediate production [3] - The dye industry system has been established, covering thermal power, steam, chlorine, caustic soda, intermediates, filter cakes, and dyes [3]

Industry Overview - China is the world's largest producer, trader, and consumer of dyes, accounting for approximately 70% of global dye production [1] - Major dye production regions in China include Zhejiang, Jiangsu, and Shandong, with a high industry concentration [1] - The dye industry is characterized by intense competition, with increasing production capacity both domestically and internationally [2] Company Performance - In the first three quarters of 2025, the company achieved a revenue of CNY 4,163,303,974.91, representing a year-on-year growth of 2.25% [2] - Operating profit for the same period was CNY 326,804,261.74, up by 11.78% year-on-year [2] - Net profit attributable to shareholders reached CNY 225,054,399.80, marking a significant increase of 49.10% year-on-year [2] H Acid Market - Domestic effective capacity for H acid is currently below 60,000 tons, resulting in a supply shortfall of over 10% [2] - Historical prices for H acid have exceeded CNY 100,000 per ton, while current market prices are around CNY 40,000 per ton [2] - The company's H acid production capacity is located in its subsidiary Jiangsu Mingsheng, which is currently not in operation [2] Dye Pricing Strategy - Dye product prices are determined by market supply and demand as well as raw material costs, with the company adopting a market-following pricing strategy [2] Investment Activities - The company has a robust cash flow and collaborates with professional investment institutions to explore growth opportunities in the semiconductor sector [2] - The company holds a 100% stake in Runyu Jinheng (Jiaxing) Investment Partnership, which has invested in various venture capital funds [2] - For example, the company indirectly holds 0.2068% of the total pre-IPO shares of Muxi Integrated Circuit (Shanghai) Co., Ltd. through its investment in Tongchuangzhixin [2] Industry Chain Integration - The company implements a "backward integration" strategy to extend its industrial chain, achieving significant results in key intermediate production [3] - The dye industry system has been established, covering thermal power, steam, chlorine, caustic soda, intermediates, filter cakes, and dyes [3]

Core Viewpoint - The dye industry in China is highly competitive, with the country being the largest producer, trader, and consumer of dyes globally, accounting for approximately 70% of the world's total production [1] Group 1: Industry Overview - China is the world's largest dye producer, with a production capacity concentrated in Zhejiang, Jiangsu, and Shandong provinces [1] - The industry has a high concentration, with major players in disperse dyes including Zhejiang Longsheng and Runtao Co., and in reactive dyes, Runtao Co. and Zhejiang Longsheng are also key players [1] - The increase in dye production capacity both domestically and internationally has intensified market competition [1] Group 2: Company Performance - For the first half of 2025, the company reported a revenue of 2.706 billion yuan, a year-on-year increase of 0.65% [1] - Operating profit for the same period was 205 million yuan, reflecting an 8.78% year-on-year growth [1] - The net profit attributable to shareholders was 150 million yuan, showing a significant year-on-year increase of 43.15% [1] Group 3: Sales and Market Dynamics - The company's export revenue for the first half of 2025 was 226 million yuan, accounting for 8.36% of total revenue, with a year-on-year growth of 32.99% [1] - The domestic H acid production capacity is less than 60,000 tons, with a market supply gap exceeding 100,000 tons [1] - Historical prices for H acid have exceeded 100,000 yuan per ton, while current market prices are around 40,000 yuan per ton [1] Group 4: Strategic Investments - The company has a strong cash flow and is collaborating with professional investment institutions to explore new growth avenues [1] - It holds a 100% stake in Runtao Jinheng (Jiaxing) Investment Partnership, which has invested in semiconductor companies, including Yao Xinwei (Shanghai) Electronic Technology Co., Ltd. [1] - The company has achieved significant results in the production capacity of key intermediates, establishing a complete dye industry chain [1]

Industry Overview - China is the world's largest producer, trader, and consumer of dyes, accounting for approximately 70% of global dye production [1] - Major dye production regions in China include Zhejiang, Jiangsu, and Shandong, with a high industry concentration [1] - The dye industry is characterized by intense competition, with increasing production capacity both domestically and internationally [2] Company Performance (2025 H1) - The company achieved a revenue of ¥2,705,856,948.69, a year-on-year increase of 0.65% [2] - Operating profit reached ¥205,192,579.49, reflecting an 8.78% year-on-year growth [2] - Net profit attributable to shareholders was ¥149,705,477.62, marking a significant year-on-year increase of 43.15% [2] - External sales revenue amounted to ¥226,333,644.43, accounting for 8.36% of total revenue, with a year-on-year growth of 32.99% [2] H Acid Market Insights - Domestic effective capacity for H acid is currently below 60,000 tons, indicating a supply gap of over 10% [2] - Historical prices for H acid have exceeded ¥100,000 per ton, while current market prices are around ¥40,000 per ton [2] Company Strategy and Investments - The company employs a "backward integration" strategy to extend its industrial chain, ensuring a stable supply of key intermediates [3] - The dye production system has been established to include a complete industrial chain from thermal power, steam, chlorine, and caustic soda to intermediates and dyes [3] - The company is actively investing in semiconductor enterprises through its investment fund, aiming to enhance growth and create higher investment value for stakeholders [2]

Industry Overview - China is the world's largest producer, trader, and consumer of dyes, accounting for approximately 70% of global dye production [1] - Major dye production areas in China include Zhejiang, Jiangsu, and Shandong provinces, with a high industry concentration [1] - The dye industry is characterized by intense competition, with increasing production capacity both domestically and internationally [2] Company Performance (2025 H1) - The company achieved a revenue of ¥2,705,856,948.69, a year-on-year increase of 0.65% [2] - Operating profit reached ¥205,192,579.49, reflecting a growth of 8.78% year-on-year [2] - Net profit attributable to shareholders was ¥149,705,477.62, marking a significant increase of 43.15% year-on-year [2] Export Performance - The company's export revenue for the first half of 2025 was ¥226,333,644.43, constituting 8.36% of total revenue, with a year-on-year growth of 32.99% [2] H Acid Market Insights - Domestic effective capacity for H Acid is currently below 60,000 tons, indicating a supply gap of over 10% [2] - Historical prices for H Acid have exceeded ¥100,000 per ton, while current market prices are around ¥40,000 per ton [2] Company H Acid Capacity - The company's H Acid production capacity is located at its subsidiary, Jiangsu Mingsheng, which is currently not in operation [2] Dye Price Trends - Dye prices are influenced by market supply and demand as well as raw material costs, with the company adopting a market-following pricing strategy [2] Investment Strategy - The company has a robust cash flow and collaborates with professional investment institutions to explore growth opportunities in the semiconductor sector [2] - The company holds a 100% stake in Runyu Jinheng (Jiaxing) Investment Partnership, which invests in various semiconductor enterprises [2] Industry Chain Strategy - The company implements a "backward integration" strategy to extend its industry chain, achieving significant results in securing raw material supply [3] - The dye industry system has been established, covering thermal power, steam, chlorine, caustic soda, intermediates, filter cakes, and dyes [3]

Group 1 - The core viewpoint of the article highlights the recent investor relations activity conducted by Zhejiang Runtu Co., Ltd., focusing on the dye industry development and the company's operations [1][2] - The dye industry in China has become the world's largest producer, trader, and consumer, accounting for approximately 70% of global production [3] - The main production areas for dyes in China are concentrated in Zhejiang, Jiangsu, and Shandong, indicating a high industry concentration [3] Group 2 - For the first half of 2025, Runtu Co., Ltd. reported a revenue of 2.706 billion yuan, a year-on-year increase of 0.65%, and a net profit attributable to shareholders of 150 million yuan, reflecting a significant growth of 43.15% [3] - The company's export revenue for the first half of 2025 was 226 million yuan, representing 8.36% of total revenue, with a year-on-year growth of 32.99% [3] - The domestic effective capacity for H acid is currently below 60,000 tons, with a market supply gap exceeding 10%, while historical prices for H acid have exceeded 100,000 yuan per ton, currently maintaining around 40,000 yuan per ton [3] Group 3 - Runtu Co., Ltd. employs a "backward integration" strategy to extend its industrial chain, ensuring raw material supply by developing key intermediates [3] - The company's dye industry system encompasses a complete industrial chain from thermal power, steam, chlorine, caustic soda to intermediates, filter cakes, and dyes [3] - Future plans include increasing investment in the planning, research, and development of key intermediates [3]

Group 1: Industry Overview - China is the world's largest producer, trader, and consumer of dyes, accounting for approximately 70% of global dye production [1] - Major dye production regions in China include Zhejiang, Jiangsu, and Shandong provinces, with a high industry concentration [1] - The dye industry is characterized by intense competition, with increasing production capacity both domestically and internationally [2] Group 2: Company Performance - In the first half of 2025, the company achieved a revenue of ¥2,705,856,948.69, a year-on-year increase of 0.65% [2] - Operating profit for the same period was ¥205,192,579.49, reflecting a growth of 8.78% year-on-year [2] - Net profit attributable to shareholders reached ¥149,705,477.62, marking a significant increase of 43.15% year-on-year [2] Group 3: Sales and Market Dynamics - The company's export revenue in the first half of 2025 was ¥226,333,644.43, accounting for 8.36% of total revenue, with a year-on-year growth of 32.99% [2] - The effective domestic production capacity for H acid is currently below 60,000 tons, resulting in a market supply gap of over 10% [2] - H acid prices have historically exceeded ¥100,000 per ton, but current market prices are around ¥40,000 per ton [2] Group 4: Strategic Initiatives - The company is implementing a "backward integration" strategy to extend its industrial chain, achieving significant results in the layout of key intermediates [2] - The dye production system has been established to include a complete industrial chain from thermal power, steam, chlorine, and caustic soda to intermediates and dyes [2]