Group 1 - The core point of the article is that China Chemical Engineering Co., Ltd. announced that its assistant general manager, Hu Yonghong, holds 240,000 shares, representing 0.0039% of the company's total equity, and plans to reduce his holdings by up to 60,000 shares within three months after the announcement [1] - Hu Yonghong's planned reduction will not exceed 25% of his total shareholding, and the selling price will be determined based on the market price at the time of the sale [1] Group 2 - The article also highlights advancements in agricultural technology, specifically the emergence of "plant factories" in China, which can produce water rice in 60 days, significantly reducing the traditional production time of 120 days [1] - These plant factories reportedly have an annual output that is over 120 times greater than traditional fields, and they operate without the need for pesticides due to the absence of pests [1]

Summary of Key Points Core Viewpoint - China Chemical (601117.SH) announced that its assistant general manager, Hu Yonghong, plans to reduce his shareholding by up to 60,000 shares, which does not exceed 25% of his total shareholding, through centralized bidding within three months after the announcement date, excluding the period prohibited by laws and regulations [1] Group 1 - The planned share reduction is set to occur within a specific timeframe of three months following the announcement [1] - The maximum number of shares to be reduced is 60,000 [1] - The reduction will be executed at market prices prevailing at the time of the sale [1]

Summary of Key Points Core Viewpoint - China Chemical (601117.SH) announced that its assistant general manager, Hu Yonghong, plans to reduce his shareholding by up to 60,000 shares, which does not exceed 25% of his total shareholding, through centralized bidding within three months after the announcement date, excluding the period prohibited by laws and regulations [1] Group 1 - The planned share reduction is set to occur within a specific timeframe of three months following the announcement [1] - The reduction will be executed through centralized bidding, indicating a structured approach to the sale [1] - The selling price will be determined based on the market price at the time of the reduction [1]

证券代码：601117 证券简称：中国化学 公告编号：2026-002 中国化学工程股份有限公司 关于高级管理人员减持股份计划公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 高级管理人员持股的基本情况：截至本公告披露日，中国 化学工程股份有限公司（以下简称"公司"）总经理助理胡永红 先生持有公司股份 240,000 股，占公司总股本的 0.0039%。 集中竞价减持计划的主要内容：自公告披露之日起 15 个 交易日后的 3 个月内（法律法规禁止减持的期间除外），胡永红 先生拟通过集中竞价方式减持其所持公司股份不超过 60,000 股， 未超过其所持公司股份总数的 25%，减持价格按照减持实施时的 市场价格确定。 预披露期间，若公司股票发生停牌情形的，实际开始减持的 时间根据停牌时间相应顺延。 (一)相关股东是否有其他安排 □是 √否 (二)大股东及董事、高级管理人员此前对持股比例、持股数 量、持股期限、减持方式、减持数量、减持价格等是否作出承诺 □是 √否 2 股东名称 胡永红 计划减持数量 ...

Core Viewpoint - The strategic cooperation agreement signed between the Chongqing Municipal Government and China Chemical Engineering Group aims to enhance collaboration in ecological environment governance, advanced materials industry development, and technological innovation [1] Group 1 - The agreement was signed on January 12, 2023, marking a new starting point for cooperation [1] - Chongqing's municipal leadership expressed the hope that this partnership will yield significant results in collaboration between central enterprises and local governments [1]

Investment Rating - The report maintains a "Recommended" rating for the chemical industry [1] Core Insights - The chemical industry is expected to experience an upward cycle due to the implementation of "anti-involution" policies in China and the accelerated exit of some European facilities [29] - The report highlights the potential for domestic substitution of semiconductor materials from Japan due to rising geopolitical tensions, which could benefit various companies in the sector [5] - The chromium salt industry is undergoing a value reassessment driven by increased demand from AI data centers and commercial aircraft engines, with a projected supply-demand gap of 340,900 tons by 2028 [8] Summary by Sections Industry Performance - The chemical industry has shown strong relative performance with a 1-month increase of 10.7%, 3-month increase of 9.6%, and a 12-month increase of 45.1%, outperforming the CSI 300 index [3] Price Trends - Key products such as lithium carbonate and polysilicon have seen significant price increases, supported by policy guidance and industry self-discipline [12] - The price of chromium salts has remained stable, with metal chromium priced at 82,000 CNY/ton as of January 9, 2026 [15] Investment Opportunities - Focus on companies with low-cost expansion capabilities, such as Wanhu Chemical and Hualu Hengsheng, as well as those in sectors with improving market conditions like chromium salts and phosphates [6][9] - High dividend yield opportunities are identified in state-owned enterprises like China Petroleum and China National Chemical [10] Key Company Tracking - Companies such as Dongfang Shenghong and Huabei Yihua are highlighted for their earnings potential, with projected EPS growth for 2026 [30] - The report tracks specific price movements for various chemicals, including a notable increase in the price of ammonium phosphate and a stable price for urea [17][19]

Core Viewpoint - The successful completion of the first gas lifting operation for a low-temperature storage tank project in Vietnam by China Chemical Tianchen Company marks a significant milestone, indicating the project's transition from civil construction to the installation phase, thereby accelerating its completion timeline [1] Group 1: Project Overview - The low-temperature storage tank project is a joint venture between China Chemical Tianchen Company and Vietnam Oil Technical Services Company, with China Chemical 14th Construction Company responsible for the construction [1] - The gas lifting operation was completed 24 days ahead of schedule, showcasing effective project management and execution [1] Group 2: Technical Details - The dome structure of the storage tank has a diameter of over 70 meters, weighs more than 610 tons, and was lifted to a height exceeding 33 meters, representing a highly complex technical challenge [1] - The project team utilized their extensive experience in large low-temperature storage tanks to manage various aspects such as design, procurement, construction, safety, and quality [1] Group 3: Challenges and Solutions - The project faced challenges including complex climate conditions and cross-border logistics coordination [1] - Multiple rounds of planning discussions and rehearsals were conducted to ensure the technical details were meticulously executed, allowing the gas lifting to be completed smoothly and accurately within three hours [1] Group 4: Future Implications - The successful gas lifting operation signifies a transition to the peak installation phase of the project, which is crucial for timely completion and production [1]

Group 1 - The core viewpoint of the article highlights the growth in China's chemical fiber industry, with a reported production of 7.56 million tons in November 2025, reflecting a year-on-year increase of 6.4% [1] - Cumulative production from January to November 2025 reached 79.318 million tons, marking a cumulative growth of 5% [1] - The article references a report by Zhiyan Consulting, which analyzes the market operation status and investment prospects of the chemical fiber industry in China from 2026 to 2032 [1] Group 2 - The listed companies in the chemical fiber sector include Xinxiang Chemical Fiber, Hengli Petrochemical, Huafeng Superfiber, Rongsheng Petrochemical, Jilin Chemical Fiber, Tongkun Co., Zhongtai Chemical, Nanjing Chemical Fiber, Taihe New Materials, and Aoyang Health [1] - The data source for the production statistics is the National Bureau of Statistics, with the information organized by Zhiyan Consulting [1] - Zhiyan Consulting is described as a leading industry consulting firm in China, providing comprehensive industry research reports, business plans, feasibility studies, and customized services [1]

Group 1 - The board of directors of China Chemical Engineering Co., Ltd. held its 34th meeting of the 5th board on January 9, 2026, via communication, with all 7 directors present [1] - The meeting approved the appointment of Mr. Zhao Tao as the vice president of the company, with his term aligned with the current board's term [1] - The voting results for the appointment were unanimous, with 7 votes in favor and no votes against or abstentions [2] Group 2 - Mr. Zhao Tao, born in June 1979, is a senior engineer and holds a master's degree. He currently serves as the Minister of the Science and Digitalization Department of China Chemical Engineering Group Co., Ltd. and as the vice president of China Chemical Engineering Co., Ltd. [3] - Mr. Zhao has held various positions within the company and its subsidiaries, including roles in project management and engineering, demonstrating extensive experience in the industry [3] - All proposals presented at the board meeting were approved unanimously by the directors [4]

Group 1 - The core point of the article is that China Chemical announced the appointment of a new vice president during its board meeting [2] Group 2 - The fifth board of directors held its thirty-fourth meeting to review and approve the proposal regarding the appointment [2]