Ruifeng New Materials: Listed In Sanctions By European Union (EU), Company Never Supplied Chemical Additives Used In Russian Military Machinery Lubricants

On June 16, Ruifeng New Materials (300910.SZ) announced that the company has been included in the EU's sanctions list against Russia. The EU claims that the company supplies chemical additives for military lubricants used by the Russian military machinery. The company stated that its products are solely for civilian use, has never supplied chemical additives for Russian military machinery lubricants, is not an entity supporting the Russian military-industrial complex, has not participated in military research and development, has proactively ceased business with Russia, and has initiated response measures, cooperating with national authorities to negotiate with the EU. Revenue from the EU region in 2025 is approximately 142 million yuan, accounting for about 4% of total revenue, with a preliminary assessment indicating a relatively small direct impact.

On June 15, the National Development and Reform Commission and four other departments jointly issued the "Notice on Launching a Three-Year Action for Energy Conservation and Carbon Reduction Transformation in Key Industries." The notice focuses on nine industries: steel, electrolytic aluminum, cement, flat glass, refining, ethylene, synthetic ammonia, methanol, and coal power, aiming to comprehensively implement energy-saving and carbon reduction transformations within three years. The notice proposes that by the end of 2028, the proportion of production capacity in key industrial sectors such as steel, electrolytic aluminum, cement, flat glass, refining, ethylene, synthetic ammonia, and methanol that meets the current energy efficiency benchmark level will increase by an average of 20 percentage points, while the coal power industry will strive to increase by 15 percentage points. Production capacity below the energy efficiency benchmark level will be basically eliminated, cumulatively resulting in energy savings exceeding 100 million tons of standard coal and carbon dioxide emissions reductions exceeding 200 million tons.

Recently, 1,008 tonnes of polypropylene products sold by Sinochem Chemical Sales departed from Qinzhou Port in Guangxi for Mundra Port in India. The shipment, comprising 36 containers, represents the largest single order since Sinochem Chemical Sales began its polypropylene export business. Since the beginning of this year, demand for polypropylene in the Indian market has shown growth opportunities. The company closely tracked changes in overseas customer inquiries, promoted resource matching and quotation implementation, and ultimately secured the order. During execution, taking into account tight shipping space on Southeast Asia and India routes, the business and logistics teams secured space in advance and dynamically adjusted the container loading plan to ensure the goods were delivered to the port and shipped on schedule.

Xiaopeng He: X9 has begun deliveries in Europe. A new step in globalization. Looking forward to it becoming part of the daily lives of more European families.

On June 15, the signing ceremony for the establishment of Corning's new company project in Jiading was held. This new company project will focus on the scaled production of high-precision optical fiber connector harnesses. Strengthen infrastructure construction, focusing on supporting services for data center operations. Further improve the production environment, introduce key equipment, and build more comprehensive manufacturing and testing capabilities. At the same time, support the introduction and development of a professional team, gradually building stronger local production and delivery capabilities, and strive to establish a world-leading production base in Jiading with an annual output value of USD 1 billion.