Nanjing Julong (300644.SZ): Company Establishes Dedicated R&D Team for Chip Packaging Materials in 2025

April 13,Domestic commodity futures opened lower, with the main contracts of Shanghai Gold and Shanghai Silver falling more than 1% each. Internationally, spot gold once again fell below 4,700 USD per ounce, declining 1.08% on the day; spot silver was down 1.89%, at 74.398 USD per ounce. In addition, energy and chemical futures led the gains,Crude oil rose more than 4%, and low-sulfur fuel oil climbed over 3%; international oil prices surged significantly. On the news front, the United States and Iran failed to reach any agreement during negotiations in Islamabad. Additionally, U.S. President Donald Trump posted on social media on the 12th stating that the U.S. Navy would begin blocking vessels from entering and exiting the Strait of Hormuz.

Geelonghui, April 13 | Nanjing Juli Long (300644.SZ) stated on the investor interaction platform that the company has formed a special R&D team for chip encapsulation materials business in 2025. Currently, it is in the early stage of technology exploration and R&D, and has not yet formed cooperative supply with customers.

Sinopec stated on its interactive platform in response to investor inquiries that it expects the release of new domestic chemical production capacity to continue this year, resulting in persistent structural oversupply pressure. Coupled with the sharp rise in oil and naphtha prices triggered by the Middle East geopolitical conflict, chemical gross profit margins are under significant pressure. The company will closely monitor both domestic and international market conditions, dynamically optimize production, operation arrangements, and sales strategies, intensify efforts to expand domestic and overseas markets, and strive to enhance the quality of its chemical business development.

On April 10, in response to market reports claiming that "Tesla is developing a new, smaller, and more affordable electric SUV," Tesla China stated that the report is false.Previously, Tesla had halted production of its high-end vehicles, the Model X and Model S.

Institutional statistics show that the global polyethylene capacity growth is expected to be more than twice the demand growth. Until 2030, polyethylene demand growth is about 3.3 million tons per year, while the average capacity growth is 6.7 million tons per year. The growth in 2026 and 2027 may be particularly strong. Of the 34 million tons per year of reserve capacity by 2030, about 85% is under construction, mainly large steam cracking units supported by major oil and chemical companies. This surge in supply will drive a restructuring of the global polyethylene market. New, lower-cost large facilities will replace less competitive older assets. Starting from 2026, the pace of capacity closures in Europe and developed East Asia (including Japan and South Korea) will accelerate.