董事会审计与风险委员会议事规则 目 录 第一章 总 则 第一条 为充分发挥董事会审计与风险委员会（以下简称委员会）对中国化 学工程股份有限公司（以下简称公司）财务信息、内部控制、内外部审计等工作 的监督作用，健全公司内部监督机制，根据《中华人民共和国公司法》《中华人 民共和国证券法》《上市公司治理准则》《上市公司独立董事管理办法》《上海 证券交易所股票上市规则》《上市公司审计委员会工作指引》以及《中国化学工 程股份有限公司章程》等相关规范性文件的规定，制定本规则。 第二条 委员会是董事会下设的专门委员会，对董事会负责，依照公司章程 和董事会授权履行职责，专门委员会的提案应当提交董事会审议决定。 第三条 委员会成员须保证足够的时间和精力履行委员会的工作职责，勤勉 尽责，切实有效地监督、评估上市公司内外部审计工作，促进公司建立有效的内 部控制并提供真实、准确、完整的财务报告。 第四条 公司董事会秘书负责组织、协调委员会与相关各部门的工作，列席 委员会会议。 审计部门是委员会的日常办事机构，须牵头做好支撑，负责提供或组织内控、 法务、财务、责任追究等相关部门协同配合提供会议所议事项的资料。 第九条 公司组织委员会成 ...

证券代码：601117 股票简称：中国化学 公告编号：临 2025-065 中国化学工程股份有限公司 关于子公司放弃与关联方共同投资之公司拟转让 股权优先购买权所涉关联交易事项的公告 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 担个别及连带责任。 重要内容提示： 中国化学工程股份有限公司（以下简称"公司"）控股股 东中国化学工程集团有限公司（以下简称"中国化学工程"）的 全资子公司中化学南方建设投资有限公司（以下简称"南投公司"） 拟将其持有的赣州市南康区众拓家具产业运营有限公司（以下简 称"众拓公司"）及赣州市南康区群拓家具产业运营有限公司（以 下简称"群拓公司"）各 4.9%的股权通过北京产权交易所挂牌 转让，交易金额共计约 13,021.17 万元。公司全资子公司中国化 学工程第三建设有限公司（以下简称"三化建"）作为众拓公司 股东、全资子公司中国化学工程第四建设有限公司（以下简称"四 化建"）作为群拓公司股东放弃本次股权转让的优先购买权。 本次放弃优先购买权事宜构成关联交易，不构成重大资产 重组。 本次关联交易已经公司第五届董 ...

证券代码：601117 股票简称：中国化学 公告编号：临 2025-066 中国化学工程股份有限公司 第五届董事会第三十三次会议决议公告 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。 公司全体董事均出席本次董事会。 本次董事会所有议案均获通过。 第十九次会议审议通过。 重要内容提示： 一、董事会会议召开情况 中国化学工程股份有限公司（以下简称"本公司"或"公司"） 第五届董事会第三十三次会议通知于 2025 年 12 月 17 日发出， 会议于 2025 年 12 月 29 日以现场会议的方式召开。本次会议应 出席董事 7 人，实际出席董事 7 人。会议由董事长莫鼎革先生主 持。本次会议的召开符合有关法律法规、规范性文件和《公司章 程》《董事会议事规则》的相关规定。 二、董事会会议审议情况 （一）《关于〈公司 2025 年度风险、合规工作情况和 2026 年度工作计划的报告〉的议案》 表决结果：通过。同意 7 票，反对 0 票，弃权 0 票。 本议案已于 2025 年 12 月 24 日经董事会审计与风险委员会 1 表决结 ...

Core Viewpoint - China Chemical announced that its controlling shareholder, China Chemical Engineering's wholly-owned subsidiary, Nantou Company, plans to transfer 4.9% equity stakes in Zhongtuo Company and Quntuo Company for a total transaction amount of 130.21 million yuan [1] Group 1 - The transaction involves the transfer of equity stakes in two companies, Zhongtuo and Quntuo, with a total value of 130.21 million yuan [1] - The wholly-owned subsidiaries of China Chemical, Sanhua Construction and Sihua Construction, as shareholders of the two companies, waived their preemptive rights for this transfer [1] - This transaction constitutes a related party transaction but does not qualify as a major asset restructuring [1] Group 2 - As of the announcement date, the cumulative amount of related party transactions in the past 12 months, which did not require shareholder meeting approval, reached 118 million yuan, accounting for 0.19% of the most recent audited net assets [1] - This transaction does not require submission for shareholder meeting approval [1]

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies [1]. Core Insights - The launch of the carbon-based high-performance materials demonstration project by China Chemical signifies the first industrial application of graphene continuous gas-phase synthesis technology in China [1]. - Clearon Technology has completed a multi-million angel round financing to expand production lines and develop core equipment for high-performance composite dielectric films [3]. - Guangyin Technology has secured a significant A+ round financing to accelerate the industrialization of perovskite technology and expand into consumer electronics and IoT applications [4]. Summary by Sections Industry Development Dynamics - The carbon-based high-performance materials demonstration project in Hefei covers an area of 49.43 acres and includes a production line for 200 tons/year of gas-phase synthesized graphene powder and 4000 tons/year of graphene functional slurry [1]. Investment and Financing Dynamics - Clearon Technology, founded in September 2024, focuses on high-performance composite dielectric materials and has completed a multi-million angel round financing led by Zhongke Chuangxing [3]. - Guangyin Technology, established in 2022, aims to commercialize perovskite technology and has received funding to enhance its production capacity and market reach [4]. Market Performance - The Wande New Materials Index rose by 7.03% in the week from December 22 to December 26, while the CSI 300 Index increased by 1.95% during the same period [6].

Core Viewpoint - The report highlights the growth trajectory of China's chemical pesticide raw material production, projecting a 10% year-on-year increase in production by October 2025, reaching 331,000 tons [1]. Industry Overview - According to the National Bureau of Statistics, the cumulative production of chemical pesticide raw materials from January to October 2025 is expected to reach 3,423,000 tons, reflecting a 7.9% increase [1]. - The report is based on a comprehensive market survey and strategic analysis conducted by Zhiyan Consulting, a leading industry research institution in China [1]. Company Insights - Listed companies in the sector include Yangnong Chemical (600486), Adama Agricultural Solutions A (000553), Xianda Co., Ltd. (603086), ST Hongtai (000525), Noposion (002215), Lier Chemical (002258), Runfeng Co., Ltd. (301035), and Xin'an Chemical (600596) [1].

Core Viewpoint - China National Chemical Engineering's subsidiary, China Five Rings Engineering Co., has developed a "second-generation high-efficiency synthesis, low-energy consumption urea process technology" that has been recognized as internationally leading by the China Petroleum and Chemical Industry Federation [1][5]. Group 1: Technology Innovation - The new generation of full condensation reactor and high-pressure loop process has achieved the synthesis of urea through two-step reactions under optimal conditions, significantly improving conversion rates and reducing steam and circulating water consumption, thus overcoming the energy consumption bottleneck of traditional urea plants [6]. - The technology has been implemented in over 30 sets domestically and internationally, with a total capacity exceeding 25 million tons per year [6]. Group 2: Performance Metrics - The urea plant built based on this technology at Anhui Haoyuan Chemical Group has a capacity of 700,000 tons per year and demonstrated performance exceeding design values during a 72-hour on-site assessment, with steam consumption for urea production at 562.9 kg per 2.5 MPaG, reaching industry advanced levels [6]. Group 3: Recognition and Awards - The second-generation urea process technology has received multiple accolades, including the Hubei Province Patent Gold Award and the First Prize for Technological Progress from the Nitrogen Fertilizer Industry Association, along with 22 national authorized patents, of which 7 are invention patents [6].

Core Insights - The report highlights a significant decline in fixed asset investment (FAI) in 2025, with infrastructure investment becoming a drag on the economy, prompting the economic work conference to emphasize "investment stabilization" [2][9] - Looking ahead to 2026, the report suggests that "active fiscal policies" will drive investment stabilization, with a focus on structural opportunities in the construction sector, including western infrastructure, overseas engineering, and new infrastructure [2][9] Group 1: Economic Overview - In 2025, FAI experienced a comprehensive decline, with infrastructure investment significantly dropping, particularly in the third quarter, where narrow infrastructure investment turned negative, declining by 8.7% in October [23][28] - The report notes that the actual situation of infrastructure investment may have deteriorated earlier than expected in 2024, despite apparent growth in infrastructure investment [30][34] Group 2: Structural Opportunities - The report emphasizes the importance of structural opportunities in the construction sector, particularly in western infrastructure projects, overseas engineering, and new infrastructure driven by technological advancements [45][46] - Specific recommendations include focusing on high-dividend leading companies in western regions, such as Sichuan Road and Bridge, and exploring opportunities in Xinjiang and Tibet [9][10] Group 3: Overseas Engineering - The report indicates that overseas engineering demand remains strong, driven by favorable client structures and business models of central enterprises, as well as private enterprises expanding into international markets [10][11] - Key recommendations for overseas engineering include companies like China National Materials, Jianghe Group, and Jinggong Steel Structure, which are expected to perform well in terms of earnings and dividends [10][11] Group 4: New Infrastructure - The report identifies several sectors within new infrastructure that are expected to see growth, including clean rooms, commercial aerospace, nuclear power, and low-altitude economy, driven by technological advancements and safety demands [10][11] - Specific companies recommended in these sectors include Yaxiang Integration for clean rooms and China Nuclear Engineering for nuclear power projects [10][11] Group 5: Traditional Demand - The report notes that traditional demand, particularly in real estate, remains under pressure, with new and second-hand housing demand still facing challenges [11] - It highlights the potential turning point for companies like Honglu Steel Structure, which may benefit from improved cyclical sentiment and operational efficiency [11] Group 6: Reform and Restructuring - The report discusses the need for deep reforms in the construction sector to enhance global competitiveness, focusing on identifying quality assets and new business opportunities for central enterprises [12][12] - It also emphasizes the importance of market value management and the potential for mergers and acquisitions in the construction industry [12][12]

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。 重要内容提示： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东会召开的时间：2025年12月24日 2、董事会秘书列席会议，部分公司高管列席。 二、议案审议情况 (一)非累积投票议案 1、议案名称：关于公司2025年中期利润分配的议案 审议结果：通过 (二)股东会召开的地点：中国化学大厦 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次会议由公司董事会召集，由公司董事长莫鼎革先生主持。会议的召集、召开及表决方式符合《公司 法》等法律法规及《公司章程》的规定。 (五)公司董事和董事会秘书的列席情况 1、公司在任董事7人，列席7人； 表决情况： ■ 2、议案名称：关于公司回购注销部分限制性股票及调整回购价格的议案 审议结果：通过 表决情况： ■ (二)现金分红分段表决情况 ■ (三)涉及重大事项，5%以下股东的表决情况 本次股东会表决方式符合《公司法》及《公司章程 ...

Core Viewpoint - The central economic work conference in December 2025 emphasizes the need to "promote investment stabilization" in 2026, leading to an optimistic outlook on fiscal policy for the upcoming year, particularly in infrastructure investment, which is expected to grow by 4.5% in 2026 [1][3][18]. Fiscal Policy Outlook - The fiscal measures for 2026 are anticipated to be more proactive, with a focus on stabilizing investment and stimulating private sector investment [3][4]. - The trend of "central government increasing leverage while local governments reduce leverage" is expected to continue, with the central government taking a more significant role in driving investment due to limited local government borrowing capacity [4][18]. Infrastructure Investment - Infrastructure investment is projected to be a crucial growth stabilizer in 2026, with a forecasted growth rate of 4.5% [18]. - The central government is expected to play a vital role in supporting infrastructure investment, particularly in the western regions, where there is significant potential for growth [18][32]. Construction Sector Insights - The construction state-owned enterprises (SOEs) are expected to benefit from debt reduction initiatives, leading to improved asset quality and valuation recovery [2][22]. - The share of receivables in total assets for major construction SOEs has been rising, indicating a need for financial improvement and valuation recovery as local government funding stabilizes [22][26]. Regional Investment Opportunities - The western provinces, particularly Sichuan, are highlighted as having high potential for infrastructure investment due to favorable central government funding and strategic positioning [32][39]. - The central transfer payment to western provinces is projected to be 4 trillion yuan, accounting for 42.2% of total central transfer payments, indicating strong financial support for infrastructure projects [32][36]. Manufacturing Sector Outlook - Manufacturing investment is expected to stabilize with a growth rate of around 5% in 2026, driven by a recovery in semiconductor capital expenditures [14][46]. - The cleanroom engineering sector is anticipated to benefit significantly from the upturn in semiconductor investments [46]. International Market Growth - The overseas market is projected to become a second growth curve for construction companies, with expectations of continued growth in new contracts and revenue from international projects [2][18].