从业务发展视角看，裕丰昌控股正以稳健姿态推进战略转型。此前公布的截至2025年3月31日止年度的 年度业绩显示，公司收益结构已实现显著优化——传统柴油销售占比从2024财年的98%降至74.3%，同 时新业务石油衍生品业务(如聚丙烯、PET切片等)成为第二大收入来源，贡献1090万港元，占比 19.7%，电商销售业务亦实现200万港元收入。这两大新兴业务合计占总收入23.3%，标志着公司从单一 燃料供应商向综合能源及快消品服务商的转型初见成效。 王新龙先生对相关条款及违约事件的认定存在异议，并正寻求法律意见。 裕丰昌控股的运营及业务并未受到实质影响。应公司要求，股份自2025年8月7日起暂停买卖，并已申请 于2025年11月26日上午九时恢复交易，体现了公司维护市场秩序及投资者利益的决心。 在企业战略发展方面，裕丰昌控股正坚定聚焦核心业务运营，秉持长远发展原则。公告提到，王新龙先 生现正与多家优质潜在合作伙伴进行深入讨论，以支持公司的战略升级及业务扩张。 11月25日，裕丰昌控股有限公司(08631)发布内幕消息公告，就公司股份押记及相关事件作出说明。 根据公告内容，公司执行董事罗名译先生与控股股东王新龙先生 ...

在企业战略发展方面，裕丰昌控股正坚定聚焦核心业务运营，秉持长远发展原则。公告提到，王新龙先 生现正与多家优质潜在合作伙伴进行深入讨论，以支持公司的战略升级及业务扩张。 从业务发展视角看，裕丰昌控股正以稳健姿态推进战略转型。此前公布的截至2025年3月31日止年度的 年度业绩显示，公司收益结构已实现显著优化——传统柴油销售占比从2024财年的98%降至74.3%，同 时新业务石油衍生品业务(如聚丙烯、PET切片等)成为第二大收入来源，贡献1090万港元，占比 19.7%，电商销售业务亦实现200万港元收入。这两大新兴业务合计占总收入23.3%，标志着公司从单一 燃料供应商向综合能源及快消品服务商的转型初见成效。 此外，近期公司与驿箱有礼签署长期供货协议，共建加油站快消供应链新生态。通过整合双方在产能供 应链与数字化渠道网络的优势，裕丰昌旗下包装饮用水、酒水饮品、生活日化等产品将全面接入驿箱有 礼覆盖全国4万多家加油站的服务体系。这一合作不仅拓展了业务边界，更通过"产能+渠道"的深度融 合，为终端消费者提供标准化、品牌化的优质商品，实现多方共赢。与此同时，近日公司旗下的在佳共 享云仓也已携手急时汽车物流集团，在陕 ...

作者：赵婷 审核：王艳红 投资咨询编号：Z0016344 投资咨询编号：Z0010675 Email: zhaot@zxqh.net Tel：027-68851659 内容要点 PTA：原料强势支撑下，PTA偏暖震荡 MEG：供需格局尚可，MEG短期延续低位反弹 正信期货聚酯周报 20250512 | | | 元/吨 | | POY | FDY | DTY | 开工率 | 元/吨 | | | 元/吨 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 价格 | 5805 | 瓶片 | 价格 | 6525 | 6550 | 7775 | 92 | 长丝 | 价格 | 6385 | 短纤 | | 涨跌 | 1.49% | | 涨跌 | 1.56% | 0.77% | 0.97% | | | 涨跌 | 0.71% | | | 加工利润 | 5805 | | 利润 | -57.3167 | -248.983 | 41.6667 | | | 加工利润 | -193.983 | | | 利润涨跌 | 0.26% | | ...

Investment Rating - The report maintains a "Buy" rating for several companies in the chemical industry, including Sinopec, PetroChina, and CNOOC, highlighting their high dividend characteristics [6][10]. Core Views - The report emphasizes the importance of focusing on import substitution, domestic demand, and high dividend assets as investment opportunities in the current market environment [6][8]. - It notes that the recent OPEC production cuts have led to a stabilization of international oil prices, with a projected average price of $70 per barrel in 2025 [6][8]. - The chemical industry is experiencing mixed performance, with some sectors like tires and lubricants showing better-than-expected results, while others remain weak due to overcapacity and weak demand [7][22]. Summary by Sections Industry Tracking - International oil prices have fluctuated, with WTI and Brent prices dropping by 7.51% and 8.34% respectively as of May 2 [6][23]. - The domestic gasoline and diesel prices have shown slight declines, reflecting cautious market sentiment amid uncertain tariff policies [24][25]. Price Movements - Significant price increases were observed in sulfuric acid (21.21%) and natural gas (12.74%), while synthetic ammonia saw a notable decline of 13.19% [20][21]. - The report highlights the mixed performance of chemical products, with some experiencing price rebounds while others continue to decline [22][7]. Investment Opportunities - The report suggests focusing on sectors benefiting from import substitution, such as lubricating oil additives and specialty coatings, due to rising domestic prices and difficulties in obtaining imports [8][22]. - It also points out the potential in the tire industry, which has shown resilience against tariff impacts, recommending companies like Senqcia and Sailun Tire [8][22]. Company Focus and Earnings Forecast - The report provides earnings forecasts for key companies, indicating a positive outlook for firms like Xinyangfeng and Ruifeng New Materials, with projected EPS growth [10][22]. - Companies with high dividend yields, such as the "three barrels of oil" (Sinopec, PetroChina, CNOOC), are highlighted as attractive investment options amid rising risk aversion [8][22].