Core Viewpoint - The epoxy propylene sector has experienced a significant price surge since January, with various companies seeing substantial stock price increases, driven by supply-demand dynamics and market speculation [2][3][4]. Price Increase - In January, stock prices of companies related to epoxy propylene saw remarkable increases, with Meibang Technology rising by 67.45% and Hongbaoli by 68.92% [3]. - The benchmark price of epoxy propylene reached 8200.00 yuan/ton by January 30, marking a 6.03% increase from the beginning of the month, with some periods seeing nearly a 10% rise [4]. Supply and Demand Dynamics - The price increase is attributed to changes in the supply-demand landscape, with reduced operating loads in northern regions and a positive outlook in the downstream market leading to increased purchasing activity [4][5]. - The cancellation of export tax rebates for certain products is expected to drive a surge in orders before the April deadline, further boosting demand for epoxy propylene [5]. Market Trends - Despite the price surge, there are signs of a cooling market as purchasing sentiment declines due to high prices, leading to a potential downward adjustment in prices [6]. - The epoxy propylene industry is currently experiencing an oversupply situation, with low operating rates and expected new capacity additions by 2026 [6][7]. Demand Growth - Although there is oversupply, demand for epoxy propylene is showing slight growth, particularly in the appliance and export sectors, which is helping to sustain overall demand [7]. - The market is expected to experience fluctuations in February, with potential price rebounds later in the month as downstream factories resume operations [8].

| | 2026-02-06美邦科技 (920471) 龙虎榜 | | | | --- | --- | --- | --- | | 序号 | 交易营业部名称 | 买入金额(元) | 卖出金额(元) | | ਜੇਵ ਹ | 国信证券股份有限公司深圳互联网分公司 | 18941134.04 | 8592078.59 | | 买2 | 国信证券股份有限公司深圳红岭中路证券营业部 | 7596182.8 | 2056981.63 | | 址3 | 机构专用 | 6024234.41 | 4029582.8 | | ग्रेडर | 中信建投证券股份有限公司北京东城分公司 | 4522521.16 | 606570.42 | | ન્નેટ | 东方财富证券股份有限公司拉萨团结路第二证券营业部 | 3659906.06 | 3707392.24 | | 卖T | 国信证券股份有限公司深圳互联网分公司 | 18941134.04 | 8592078.59 | | 卖2 | 机构专用 | 6024234.41 | 4029582.8 | | 卖3 | 东方财富证券股份有限公司拉萨团结路第二证券营业部 | 3659906.0 ...

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies [23] Core Insights - The North Exchange A-share trading volume reached 22.508 billion yuan on February 4, an increase of 0.958 billion yuan from the previous trading day, with the North Exchange 50 Index closing at 1,538.571, down 0.71% [1][7] - The market exhibited characteristics of "few leading stocks declining, many individual stocks diverging," with notable rebounds in undervalued stocks like Kaiter Co., while weighted stocks like Liancheng CNC dragged down the index [3] - The report highlights ongoing positive factors for the North Exchange market, including policy support from the central bank for technology and green sectors, and successful IPOs of national-level specialized and innovative "little giant" enterprises [3] Market Review - On February 4, among 292 companies listed on the North Exchange, 113 stocks rose, 9 remained flat, and 170 declined [15] - The top five gainers were *ST Yunchuang (24.1%), Haitai New Energy (14.1%), Oputai (13.0%), Kaiter Co. (8.7%), and Tress (8.4%) [15] - The top five decliners were Liancheng CNC (-9.1%), Tianli Composite (-8.8%), Meibang Technology (-7.6%), Meideng Technology (-6.9%), and Liujin Technology (-5.8%) [15] Important News - Elon Musk's teams from SpaceX and Tesla are exploring China's photovoltaic industry, with the Tesla team currently in the factory inspection phase and SpaceX having placed orders with a leading heterojunction equipment manufacturer [2][17] - The first satellite launch technology facility for commercial aerospace has been established, which is expected to double the efficiency of single-rocket launches and reduce network costs by over 30% [2][18] Company Announcements - Yizhi Magic Yam announced the completion of a share buyback of 17,521 shares, accounting for 0.0170% of the total share capital before the buyback [19] - Tress plans to repurchase shares primarily to reduce registered capital, with a total repurchase amount between 10 million and 20 million yuan, representing 0.41%-0.82% of the current total share capital [20]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 920471 | 美邦科技 | 18.57 | -12.61% | 10.20万 | 2.03亿 | | 300721 | 怡达股份 | 15.57 | -11.23% | 25.60万 | 4.14亿 | | 688267 | 中触媒 | 28.92 | -10.02% | 8.51万 | 2.54亿 | | 600230 | 沧州大化 | 20.43 | -10.00% | 44.79万 | 9.37亿 | | 600352 | 浙江龙盛 | 13.70 | -9.99% | 153.80万 | 21.75亿 | | 002037 | 保利联合 | 8.84 | -9.15% | 23.43万 | 2.13亿 | | 002809 | 红墙股份 | 13.97 | -8.87% | 48.45万 | 7.19亿 | | 600309 | 万华化学 | 80.33 | -8.68% | 82.87万 | 68.26亿 | | 002637 | 赞 ...

2026 年 02 月 01 日 北交所研究团队 PVC 行业景气度触底反弹，北交所相关标的有望受益 ——北交所策略专题报告 诸海滨（分析师） zhuhaibin@kysec.cn 证书编号：S0790522080007 PVC 行业景气度触底反弹，北交所相关标的有望受益 近期，国内 PVC 行业开始出现反弹迹象；2022 年以来，PVC 行业进入下行周期， 2025 年 12 月，PVC 指数来到近十年来的历史低点。根据化工在线数据，国内 PVC 价格在 2025 年 12 月降至 4290 元/吨，价格来到近十年的最低点。在需求收 缩和产能过剩的双重挤压下，近四年来 PVC 生产企业多数时间处于亏损运行状 态，因此生产企业在目前的底部价格之下面临较大的经营压力，一定程度上表明 PVC 价格继续下行的空间有限。PVC 行业持续亏损，产能扩张有限，2026 年预 计将暂无 PVC 装置新增或投产，2027 年至 2030 年计划中 PVC 装置项目均存在 较大不确定性，根据隆众资讯初步预计，集中大规模产能的新增 2025 年或成为 绝唱，国内 PVC 产能规模总体看或控制在 3000 万吨规模上下。从 202 ...

（记者 曾健辉） 每经讯，2026年1月30日，北交所上市公司美邦科技（920471，收盘价：21.25元）登上龙虎榜，交易方式是连续竞价，披露原因 是当日换手率达到25.07%，成交数量1329.25万股，成交金额2.71亿元。买一席位为中信建投证券股份有限公司武汉珞喻东路证 券营业部，买入519.04万元；卖一席位为国金证券股份有限公司深圳分公司，卖出723.24万元。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 每日经济新闻 ...

Core Insights - The report indicates that since the fourth quarter, the funding structure of the Beijing Stock Exchange (BSE) has shown a "dual expansion" characteristic, with both the number and attention towards index funds steadily increasing, forming a preliminary bottom position for index products. Concurrently, some active funds are beginning to identify individual stocks with growth potential and undervaluation advantages, transitioning from a concentrated to a structured optimization approach, maintaining overall market stability [7][16] - From the market ecology perspective, the concentration of index constituent stocks has increased, and the valuation anchoring effect is gradually becoming evident. Some newly listed stocks with solid fundamentals and low coverage have become focal points for new incremental funds. As the allocation logic evolves towards the medium to long term, the market style is gradually shifting to a "selected + low turnover" characteristic. Overall, the current valuation of the BSE market offers relative cost-effectiveness, with a resonance structure among index funds, active funds, and new stock supply, which is expected to provide medium-term support for the market [7][16] Market Review and Valuation - As of January 29, 2026, the BSE 50 Index rose by 6.64% in January, with a maximum increase of 3.96% during the period. Among BSE stocks, 222 stocks increased, 69 stocks decreased, and none remained flat [8][17] - The average PE (TTM) of the BSE 50 Index as of January 29, 2026, is 64.50 times, with a median of 64.74 times. In comparison, the average PE (TTM) of the ChiNext Index is 43.24 times, and the Sci-Tech Innovation Board is 175.49 times [22] New Stock Dynamics - In January, four new stocks were listed on the BSE, bringing the total number of listed companies to 291 as of January 29, 2026. From January 1 to January 30, 2026, five companies were subscribed and five were listed [32] Key Company Announcements - The report includes various company announcements, highlighting significant contracts and operational updates from companies such as Copper Crown Mining, Taihu Yuanda, and Dana Biotechnology, which indicate ongoing business activities and strategic developments [40]

证券代码：920471 证券简称：美邦科技 公告编号：2026-001 河北美邦工程科技股份有限公司 2025 年年度业绩预告公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 特别提示：本公告所载 2025 年年度主要财务数据为初步核算数据，未经会 计师事务所审计，具体数据以公司 2025 年年度报告中披露的数据为准，提请投 资者注意投资风险。 单位：万元 | 项目 | 本报告期 | 上年同期 | 变动比例% | | --- | --- | --- | --- | | 归属于上市公司 | -3500～-2500 | -345.27 | - | | 股东的净利润 | | | | 二、本期业绩重大变化的主要原因 报告期内，预计归属于上市公司股东的净利润为负的主要原因为： 1、受市场行情变化影响，报告期内甲苯氧化系列产品销售均价较上年同 期下降幅度较大，导致报告期内相关产品毛利率下降； 一、本期业绩预告情况 (一)业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 (二)业绩 ...

每经讯，2026年1月29日，北交所上市公司美邦科技（920471，收盘价：20.68元）登上龙虎榜，交易方式是连续竞价，披露原因 是当日换手率达到28.70%，成交数量1521.9万股，成交金额2.94亿元。买一席位为国金证券股份有限公司深圳分公司，买入 781.68万元；卖一席位为东方财富证券股份有限公司拉萨团结路第二证券营业部，卖出758.18万元。 每日经济新闻 （记者 曾健辉） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 ...

| 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 920471 | 美邦科技 | 1 | 16.62 | 17.80亿 | 68.64 | | 002440 | 闺主股份 | 1 | 10.05 | 133亿 | 58.37 | | 600273 | 嘉化能源 | -18- | 10.05 | 165亿 | 39.13 | | 603172 | 万丰股份 | | 10.02 | 31.20亿 | 31.40 | | 603599 | 广信股份 | 1 | 10.01 | 141亿 | 35.02 | | 002165 | 红宝丽 | 4-4 | 10.00 | 86.54亿 | 55.69 | | 002455 | 早川股份 | 1 | 9.96 | 51.82亿 | 21.62 | | 600722 | 金牛化工 | | 9.96 | 58.58亿 | 44.95 | | 688269 | 凯立新材 | 报 | 9.92 | 65.17亿 | 24.62 | | 002734 | 利民股份 | 1 | ...