证券代码：000683 证券简称：博源化工 公告编号：2026-009 内蒙古博源化工股份有限公司 2026年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1.本次股东会没有出现否决议案的情形。 2.本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1.召开时间： 现场会议召开时间：2026 年 2 月 27 日（星期五）下午 14:50。 网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2026 年 2 月 27 日的交易时间，即 9:15—9:25，9:30—11:30 和 13:00—15:00；通 过深圳证券交易所互联网投票系统投票的时间为2026年2月27日9:15至15:00 期间的任意时间。 其中：出席现场会议的股东及股东代理人共 3 人，代表股份 1,122,644,195 股，占公司有表决权股份总数的 30.2043%。通过网络投票的股东 498 人，代表 1 股份 497,592,769 股，占公司有表决权股份总数的 13.3876%。 综合出席现场投票与网络投票的中 ...

北京市鼎业律师事务所 BEIJING DINGYE LAW FIRM 中国北京市海淀区人大北路33号大行基业大厦16层 电 话：86-010-82685026 传 真：86-010-82684574 邮 编：100080 北京市鼎业律师事务所 关于内蒙古博源化工股份有限公司 2026 年第一次临时股东会的 法律意见 鼎业证字[2026]BY001 号 内蒙古博源化工股份有限公司： 北京市鼎业律师事务所（以下简称"本所"）接受内蒙古博源化工股份有限 公司（以下简称"公司"或"贵公司"）的委托，指派本所律师出席贵公司 2026 年第一次临时股东会（以下简称"本次股东会"），就本次股东会会议的召集与召 开程序、召集人资格、出席会议人员资格、会议表决程序及表决结果等事宜，出 具法律意见。 为出具本法律意见书之目的，贵公司向本所律师提供了与本次股东会召开事 宜有关的文件、资料。贵公司承诺向本所律师提供的文件及所作的陈述和说明是 完整的、真实的和有效的，有关原件及其上面的签字和印章是真实的，且一切足 以影响本法律意见书的事实和文件均已向本所披露，无任何隐瞒、疏漏之处。 本所律师根据《中华人民共和国公司法》（以下简称"《公 ...

（文章来源：证券日报） 证券日报网讯 2月26日，博源化工在互动平台回答投资者提问时表示，公司各类产品生产按照年度作业 计划有序安排。阿碱二期项目当前正在试车，产能逐步爬坡释放。在阿碱项目二期及120万吨/年碳回收 小苏打项目产能完全释放后，公司纯碱产能960万吨/年；小苏打产能310万吨/年；尿素产能154万吨/ 年。 ...

交易咨询业务资格：证监许可【2012】1091号 纯碱早报 2026-2-26 大越期货投资咨询部 金泽彬 从业资格证号：F3048432 投资咨询证号： Z0015557 联系方式：0575-85226759 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投 资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 每日观点 纯碱： 1、基本面：远兴能源二期开工负荷提升，碱厂产量高位，整体供给预期充裕；下游浮法玻璃、光 伏日熔量整体延续下滑趋势，纯碱厂库处于历史同期高位；偏空 2、基差：河北沙河重质纯碱现货价1150元/吨，SA2605收盘价为1191元/吨，基差为-41元，期货升 水现货；偏空 3、库存：全国纯碱厂内库存158.80万吨，较前一周增加0.44%，库存在5年均值上方运行；偏空 4、盘面：价格在20日线上方运行，20日线向下；中性 5、主力持仓：主力持仓净空，空减；偏空 6、预期：纯碱基本面疲弱，短期预计震荡偏弱运行为主。 影响因素总结 利多： 1、下游浮法玻璃冷修较少，产量持稳。 利空： 主要逻辑和风险点 1、远 ...

交易咨询业务资格：证监许可【2012】1091号 纯碱早报 2026-2-25 大越期货投资咨询部 金泽彬 从业资格证号：F3048432 投资咨询证号： Z0015557 联系方式：0575-85226759 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投 资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 每日观点 纯碱： 1、基本面：远兴能源二期开工负荷提升，碱厂产量高位，整体供给预期充裕；下游浮法玻璃、光 伏日熔量整体延续下滑趋势，纯碱厂库处于历史同期高位；偏空 2、基差：河北沙河重质纯碱现货价1140元/吨，SA2605收盘价为1169元/吨，基差为-29元，期货升 水现货；偏空 3、库存：全国纯碱厂内库存158.80万吨，较前一周增加0.44%，库存在5年均值上方运行；偏空 4、盘面：价格在20日线下方运行，20日线向下；偏空 5、主力持仓：主力持仓净空，空减；偏空 6、预期：纯碱基本面疲弱，短期预计震荡偏弱运行为主。 影响因素总结 利多： 1、下游浮法玻璃冷修较少，产量持稳。 利空： 主要逻辑和风险点 1、远 ...

Investment Rating - The report maintains a "Positive" rating for the chemical industry [4][3]. Core Insights - The macroeconomic outlook for the chemical industry indicates a stable increase in oil demand due to global economic recovery and tariff adjustments, with Brent crude oil expected to remain in the range of $60-75 per barrel [4][5]. - The report highlights a potential spring boom in the chemical sector, driven by the success of domestic robotics showcased during the Spring Festival and favorable export conditions following tariff reductions [4][3]. - Investment opportunities are identified in various chains, including textiles, agricultural chemicals, and overseas real estate, with specific companies recommended for investment [4][3]. Industry Dynamics - Oil supply is tightening due to OPEC+ production delays and peak shale oil output, while demand is stabilizing with improved global economic conditions [5]. - The chemical industry is at a cyclical turning point, with downstream operations gradually resuming post-holiday, indicating a positive demand outlook for the year [4][3]. - The report notes that the Producer Price Index (PPI) for industrial products decreased by 1.4% year-on-year in January, while the manufacturing PMI recorded 49.3, indicating some volatility in manufacturing activity [7][4]. Investment Analysis - The report suggests a diversified investment strategy focusing on four key areas: textiles, agricultural chemicals, export chains, and beneficiaries of "anti-involution" policies [4][3]. - Specific companies to watch include those in the textile chain like Lu Xi Chemical and Tongkun Co., and in the agricultural chain like Hualu Hengsheng and Baofeng Energy [4][3]. - The report emphasizes the importance of self-sufficiency in key materials, particularly in semiconductor and panel materials, recommending companies such as Yake Technology and Ruilian New Materials [4][3].

上市企业：远兴能源（000683）,三友化工（600409）,山东海化（000822）,双环科技（000707）,氯碱化 工（600618）,金晶科技（600586）,湖北宜化（000422）,云图控股（002539）,和邦生物（603077） 2020-2025年中国纯碱(碳酸钠)产量统计图 数据来源：国家统计局，智研咨询整理 相关报告：智研咨询发布的《2026-2032年中国纯碱行业市场专项调研及竞争战略分析报告》 根据国家统计局数据显示：2025年12月中国纯碱(碳酸钠)产量为335万吨，同比下降0.1%；2025年1-12 月中国纯碱(碳酸钠)累计产量为3957.2万吨，累计增长4.3%。 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

格隆汇2月13日丨博源化工(000683.SZ)在投资者互动平台表示，目前公司生产企业无停产计划。 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company, highlighting its significant cost and technological advantages in the natural soda ash sector, and the potential for increased profitability following the commissioning of the Alashan project [4]. Core Insights - The company is a leading player in the domestic natural soda ash industry, with a robust expansion plan for its Alashan project, which is expected to enhance its production capacity and profitability [1][15]. - The global soda ash supply is projected to experience a slowdown in capacity growth, while the demand for light soda ash remains resilient, driven by various industries including photovoltaic and lithium carbonate [2][3]. - The company has a strong focus on its core business, with the Alashan project expected to contribute significantly to its earnings, supported by its cost advantages in natural soda ash production compared to synthetic methods [3][4]. Summary by Sections Company Overview - The company has been deeply involved in the natural soda ash industry since its establishment in 1997, becoming the largest producer of natural soda ash in China after acquiring a majority stake in Zhongyuan Chemical [15]. - As of the end of 2024, the company has a production capacity of 6.8 million tons/year for soda ash and 1.5 million tons/year for sodium bicarbonate, with plans for further expansion [1][17]. Supply and Demand Dynamics - The global soda ash production is expected to reach 70.6 million tons by the end of 2024, with a compound annual growth rate of 5.45% from 2020 to 2024 [2]. - Domestic soda ash capacity is projected to reach 44.5 million tons by the end of 2025, with a new round of capacity expansion expected to continue until 2028, although growth rates are anticipated to slow [2]. Strategic Focus and Financial Performance - The company has strategically focused on its core business, leading to stable revenue growth despite fluctuations in profitability due to market conditions [15][22]. - The projected net profits for the company from 2025 to 2027 are estimated at 1.453 billion, 2.094 billion, and 2.520 billion yuan, respectively, with corresponding price-to-earnings ratios of 21X, 15X, and 12X [4]. Cost and Operational Efficiency - The company maintains strong cost control, with a decreasing trend in its expense ratios since 2017, indicating effective management of operational costs [35]. - The natural soda ash production method offers significant advantages in terms of energy consumption and environmental impact compared to synthetic methods, enhancing the company's competitive position [57][59].

Core Viewpoint - Boyuan Chemical has reached a settlement regarding a capital increase and share expansion agreement dispute with China Coal Energy and Wushenqi Mengda Mining, which will impact the company's financials in 2025 [1][2] Group 1: Settlement Details - The settlement involves Boyuan Chemical offsetting the unpaid exploration rights payment of 1.889 billion yuan with undistributed profits from its 34% stake in Mengda Mining, along with an additional payment of 12.4714 million yuan for legal fees [1] - The settlement is a result of an arbitration ruling that required Boyuan Chemical to pay the exploration rights price difference of 1.889 billion yuan [2] - Boyuan Chemical plans to pursue compensation from Shanghai Zheda Investment Development Co., which is also involved in the arbitration, but the specific amount remains uncertain [2] Group 2: Financial Performance - Boyuan Chemical's net profit dropped significantly from 2.660 billion yuan in 2022 to 1.410 billion yuan in 2023, a decline of 46.99%, before recovering to 1.811 billion yuan in 2024, which is still a 32% decrease from 2022 [3] - Revenue has shown consistent growth from 10.987 billion yuan in 2022 to 13.264 billion yuan in 2024, despite the profit decline [3] - For the first three quarters of 2025, the company reported revenue of 8.656 billion yuan, a year-on-year decrease of 16.54%, and a net profit of approximately 1.062 billion yuan, down 41.15% year-on-year [3] Group 3: Industry Outlook - The soda ash industry is expected to face oversupply issues, with new production capacity being released in 2024-2025 while demand growth slows, leading to a decline in market prices [3][4] - Analysts predict that the total capacity of the soda ash industry may reach 47.5 million tons by 2026, with a year-on-year production increase of over 10% [4] - High inventory levels and supply pressures are expected to continue suppressing price rebounds, particularly affecting downstream demand in sectors like real estate and solar glass [4][5]