Cosco Shipping Suspends New Booking Services for Relevant Routes Amid Escalating Middle East Conflict

COSCO Shipping: Given the ongoing escalation of conflicts in the Middle East, new booking services for related routes are suspended effective immediately.

An investor asked on the investor interaction platform: With the significant increase in the cost of pure benzene as a raw material, will it affect the company's performance? On March 4th, Hengshen New Materials (000782.SZ) responded on the investor interaction platform that the main raw material for the company's nylon 6 chip is caprolactam. Pure benzene is not the company's raw material, but rather the raw material for the upstream industry. From the perspective of the petrochemical industry chain, an increase in the price of upstream raw materials usually leads to a price increase in the downstream and terminal products. However, the transmission mechanism is influenced by complex factors such as market supply and demand and competitive landscape, making it difficult to predict simply. For specific subsequent operating performance, please pay attention to the relevant announcements disclosed by the company.

According to Wanhua Chemical (600309), Wanhua Chemical has successfully developed a new generation of PVC weather-resistant material through in-depth research on the micro-mechanisms of materials. This innovation effectively addresses the industry challenges of traditional PVC flooring fading and aging under sunlight, significantly enhancing the color durability and luster stability of the flooring's decorative layer.

According to Jilin Petrochemical's Production Operations Department, the company produced 262,000 tons of ethylene in the first two months, an increase of 112.08% year-on-year, setting a new historical record for ethylene output.

Shanghai Petrochemical Co., Ltd. announced that Inner Mongolia Xinsanjin Carbon Fiber Co., Ltd. has successfully completed a public equity financing round. This round attracted several strategic investors, including Sinopec Corporation, Uxin Banner State-owned Investment Group Co., Ltd., Dongfang Wind Power Co., Ltd., and China Construction Bank Investment Co., Ltd., collectively injecting RMB 600 million in newly registered capital. Among them, Sinopec Corporation subscribed to RMB 300 million of the newly issued registered capital and, upon completion of the, will hold a 25% equity stake in the carbon fiber company. The remaining RMB 300 million of newly issued registered capital was subscribed to by other strategic investors, including Uxin Banner State-owned Investment Group Co., Ltd., Dongfang Wind Power Co., Ltd., and China Construction Bank Investment Co., Ltd. Following this capital increase, the carbon fiber company’s registered capital increased from RMB 600 million to RMB 1.2 billion, and Shanghai Petrochemical Co., Ltd.’s equity stake in the carbon fiber company was diluted from 100% to 50%.