Wingtech Technology: It is projected to have a net loss of RMB 9 billion to RMB 13.5 billion in 2025. As of the end of this reporting period, the company's control over Nexperia remains temporarily restricted, which will have a significant impact on the company's performance during the reporting period.

On January 30, sodium-ion battery enterprise Naco New Materials announced the completion of its Series A financing, led by Toukong Donghai. Starting with biomass-based hard carbon anode material technology, the company has gradually expanded into full-chain sodium-ion battery material R&D, battery manufacturing, and the industrialization of advanced battery technologies. Its products target scenarios such as electrochemical energy storage, low-speed electric vehicles, electric bicycles, and data centers. This round of financing will be used to accelerate the construction of pilot production lines, the mass production of core materials, and the expansion of the R&D team.

Gongyuan Co., Ltd. (002641.SZ) announced that it expects its net profit attributable to shareholders of listed companies in 2025 to be between RMB 49.5 million and RMB 64 million, a year-on-year decrease of 74.01% to 66.39%. The net profit after deducting non-recurring gains and losses is expected to be between RMB 9 million and RMB 13 million, a year-on-year decrease of 94.10% to 91.47%. The main reasons for the company's performance change are the continuous**** of demand in the downstream real estate market, the decline in sales volume and prices of the company's pipeline domestic trade business, the decrease in gross profit margin, and increased expenditures due to the restructuring of the Shanghai base business.

Recently, Oriental Yuhong Indonesia and the Indonesian Village Officials Association (PPDI) officially signed a strategic cooperation agreement. Focusing on the national village renovation projects in Indonesia, the two parties will provide professional support for local village house renovation projects with Oriental Yuhong's technical standards, product system, and construction services as the core support, helping to improve the quality of the Indonesian rural living environment.

When answering a reporter's question about the "Announcement on Issuing Control Requirements for 12 Types of Mercury-Added Products Including Mercury-Containing Batteries and Polyurethane Production Processes Using Mercury-Containing Catalysts," a relevant official from the Solid Waste and Chemicals Department of the Ministry of Ecology and Environment stated that China will focus on key areas such as the research and development of mercury-free catalysts and accelerate the mercury-free transformation of the PVC industry. Recently, the Ministry of Ecology and Environment, together with other relevant departments, jointly issued the "Announcement," which specifies the control requirements for the production and import/export of 12 types of mercury-added products, including mercury-containing batteries, and prohibits the use of mercury-containing catalysts in the production of polyurethane.

Recently, China National Offshore Oil Corporation (CNOOC) and Shell Petrochemicals Company Limited (CSPC) held a grand opening ceremony for its Product Innovation Center and a launch event for differentiated product brands in the Daya Bay Petrochemical Zone, Huizhou, Guangdong Province. The CSPC Product Innovation Center, with a building area of approximately 7,000 square meters, focuses on polymer product innovation. The center is equipped with over 170 sets of internationally advanced equipment, covering the entire chain from material synthesis and performance testing to application evaluation, and is equipped with the first pilot-scale melt polycarbonate synthesis unit in China, as well as multiple sets of self-developed polyether polyol laboratory reaction units. The center will focus on tackling three major areas: specialty polyether polyols, high-end polyolefins, and differentiated polycarbonates, providing technical support for the capacity upgrades and new product solutions of Phases I, II, and III.

International crude oil prices surged on Thursday, with both WTI and Brent crude rising more than 4% intraday, as U.S. President Trump considers military strikes against OPEC member Iran.Brent CrudeStood above $70 a barrel. WTI Crude OilClimbing above $66 per barrel, both marks reached this level for the first time since last September. The latest reports state that Iran has issued a warning.Announced plans to hold live-fire naval drills in the Strait of Hormuz this Sunday and next Monday.

According to CCTV News, on the 29th local time, US President Trump posted on his social media platform "Truth Social" that Canada's "wrongful, illegal, and long-standing" refusal to certify American Gulfstream 500, 600, 700, and 800 business jets constitutes unfair treatment of American companies. In response, the US will suspend certification of Bombardier Global Express series and all Canadian-made aircraft until Gulfstream aircraft receive full certification. He warned that if the issue is not immediately rectified, a 50% tariff will be imposed on all Canadian aircraft sold to the United States.

Amidst the dual trends of global energy structure transformation and the explosive growth of the cold chain logistics industry, the high-performance energy-saving materials sector is emerging as a new focal point for capital and industry. Recently, Shandong Hualan New Material Co., Ltd. (hereinafter referred to as "Shandong Hualan"), an innovative practitioner in China's polyurethane insulation materials field, announced the successful completion of its 20 million RMB angel round financing.This round of financing signifies that the company's overall strength and development prospects have gained recognition from professional investment institutions, injecting strong momentum into accelerating the company's industrial layout and deepening its technological moat.

Recently, the FDPE unit constructed by the Nantong Blue Island New Materials Full-Density Polyethylene Project Department of the Fifth Branch reached a critical milestone: the successful hoisting and positioning of the light-end stripper (3200-C-3201). As the first of the unit's six columns to be installed, the success of this "first lift" establishes a solid foundation for the subsequent centralized hoisting of similar equipment. It also marks the full-scale commencement of the installation phase for large-scale columns within the unit, representing a significant milestone in the overall progress of the project schedule.

Mitsubishi Chemical Group, Asahi Kasei Corporation, and Mitsui Chemicals, Inc. announced plans to establish a new joint operating entity to manage two ethylene production facilities in western Japan. As part of a comprehensive operational reform, the companies will shut down the Asahi Kasei Mitsubishi Chemical ethylene cracker in Mizushima and integrate the cracker operated by Osaka Petrochemical Industries Ltd. in Takaishi, targeting completion by the end of fiscal year 2031, or March 2032.

People's Finance News, January 28 — According to data from Qichacha, Huizhou Julong New Material Technology Co., Ltd. was recently established with a registered capital of 30 million RMB. Its business scope includes the manufacture of additive manufacturing equipment, sales of civil aviation materials, and processing of mechanical parts and components. Equity structure data from Qichacha shows that the company is a wholly-owned subsidiary of Nanjing Julong (300644).

The overall supply pressure remains relatively high. However, domestically, only Zhejiang Jiahe has a planned new capacity of 300,000 tons in 2026, and overseas, the planned UAE project has been postponed, indicating that the supply expansion is nearing its end. On the demand side, the operating rate of finished product manufacturers is weakly stable, and the terminal demand is in the off-season, with construction sites in the north suspending work and order intake being poor. In terms of inventory, social warehouses are accumulating inventory, while factory warehouses are destocking, and the registered warehouse receipt volume remains at a high level. Regarding costs, the price of calcium carbide has rebounded slightly, with the calcium carbide method experiencing increased losses and the ethylene method experiencing reduced losses, while the chlor-alkali profit remains at a low level. From a policy perspective, the VAT export rebate for PVC will be canceled from April 1, 2026. Overall, the weak supply-demand pattern of PVC has not changed for the time being. The cancellation of the export rebate will directly increase the export cost of PVC, but before April 1, there may be a rush to export. In the medium and long term, attention should be paid to the disruption to supply caused by increased competition among upstream enterprises. In the short term, the chemical sector is collectively strengthening. For single-leg trading, a short-term bullish approach is recommended, with the 2605 contract's range referring to 4750-5000. In terms of arbitrage, attention can be paid to the 3-5 contract calendar spread.

A-share coal chemical industry concept continues to strengthen, Liuhua shares hit the daily limit, followed by Baofeng Energy, Shanxi Coking Coal, Baotailong, Xinghua Shares, Yunwei Shares, Huachang Chemical and others.

Qi Xiang Tengda recently stated during a targeted investor survey that the company is continuously exploring new downstream application scenarios for its products, such as the use of methyl ethyl ketone (MEK) in electronic cleaning, maleic anhydride in new environmentally friendly building materials, high-purity anhydrous tert-butanol in semiconductor photoresist diluents, and propylene oxide in new energy vehicle seat filling materials. Simultaneously, the company is advancing key technology breakthroughs through independent research and development, as well as collaboration with research institutes and universities, to accelerate the transformation of scientific and technological achievements into practical applications. Currently, leveraging the advantages of its existing MMA products, the company is steadily extending into downstream high-performance resin materials such as PMMA. It has already initiated small-scale PMMA technology cooperation with research institutes and will subsequently promote pilot-scale and industrialization research.

Recently, Zhenhai Refining & Chemical Co. The propylene dimerization pilot plant has successfully produced qualified 4-methyl-1-pentene product for the first time, with an average purity exceeding 98%.This marks a significant phased technological breakthrough in China's synthesis of this high-end specialty monomer. 4-methyl-1-pentene is a key monomer for synthesizing poly(4-methyl-1-pentene) (PMP), which is used to manufacture ECMO membrane oxygenators.Nuclear pore membrane material Core ingredients For a long time, the PMP resin industry chain has been firmly controlled by Japan's Mitsui Chemicals. The localization rate of 4-methyl-1-pentene is zero, leaving it 100% dependent on imports, which represents a genuine "bottleneck" technology.

Exxon Mobil announced on January 24 that it would suspend operations of some units at its Baytown, Texas refining and petrochemical complex due to expected freezing weather in the next three days. The complex, located east of Houston, includes a chemical plant, an olefins plant, and a refinery with a daily processing capacity of 564,400 barrels. The company's community alert did not specify the scope of the shutdowns, but the cold snap could lead to a short-term tightening of energy supplies in the region. As one of the largest refining bases in the United States, the complex experienced a complete shutdown in 2022 due to a winter storm, which then caused a 3% disruption to the nation's refining capacity.

January 27th report. Heng Hui Security During investor relations activities, the company stated that its "4,800-ton annual ultra-high molecular weight polyethylene fiber project" has made substantial progress, with 2 production lines achieving stable mass production and successfully completing the first batch of order deliveries. The remaining production lines are being accelerated for installation and commissioning. Of the company's planned new total capacity of 12,000 tons, the remaining 7,200 tons of capacity will be dynamically adjusted and initiated opportunistically based on the overall strategic rhythm and market demand, ensuring that capacity release is precisely matched with market demand.

SC crude oil futures contract performed strongly today, closing up 4.07% at 457.3 yuan/barrel. Geopolitical tensions continue to evolve. Following the US-Venezuela and US-Iran situations, President Trump's remarks last week about forcibly acquiring Greenland and imposing tariffs on eight European countries shifted the geopolitical focus again. However, Trump changed his stance during the Davos Forum. Last Friday, the US announced a new round of sanctions against Iran. In the short term, continue to monitor geopolitical developments. Considering the current global oil oversupply, the height of emotional premium will be suppressed, making it difficult for oil prices to continue to rise. In the medium term, the driving force will return to fundamentals, and a bottom-range fluctuation is expected in the first quarter.

With the implementation of the new EU Battery Regulation, the German Battery Act has been upgraded to BattDG. Starting in 2026, the OfH recycling system will replace the old one. OfH is an officially recognized Producer Responsibility Organization, responsible for managing the battery recycling network, data reporting, and collecting environmental fees. Cross-border sellers should pay special attention: merchants selling products containing batteries, using German warehouses, or shipping to German consumers must bind with OfH. Otherwise, they face risks such as registration cancellation, product seizure, and high fines. Key steps for compliance include: confirming the authorized representative status, clarifying battery categories, binding OfH in the EAR system, and updating platform information and labels. The new regulation requires companies to bear full life-cycle responsibility, and sellers are advised to self-check their compliance status as early as possible.