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 ...

Core Viewpoint - On January 29, 2026, Meibang Technology (stock code: 920471) was listed on the Beijing Stock Exchange and experienced significant trading activity, with a turnover rate of 28.70% and a transaction volume of 15.219 million shares, amounting to a total transaction value of 294 million yuan [1]. Trading Activity - The trading method was continuous bidding, indicating active market participation [1]. - The top buyer was Guojin Securities Co., Ltd. Shenzhen Branch, purchasing shares worth 7.8168 million yuan [1]. - The top seller was Dongfang Caifu Securities Co., Ltd. Lhasa Tuanjie Road Second Securities Business Department, selling shares worth 7.5818 million yuan [1].

Group 1 - The A-share market saw a significant rise in chemical stocks, with Meibang Technology increasing by over 16% and several other companies hitting the 10% limit up, including Runtu Co., Jiahu Energy, and Wanfu Co. [1] - The price of propylene oxide has been on an upward trend, with a reference price of 8200 yuan per ton as of January 28, 2026, marking a 6.26% increase compared to the beginning of the month [1]. Group 2 - Meibang Technology's market capitalization is 1.78 billion yuan, with a year-to-date increase of 68.64% [2] - Other notable companies include Runtu Co. with a market cap of 13.3 billion yuan and a year-to-date increase of 58.37%, and Jiahu Energy with a market cap of 16.5 billion yuan and a year-to-date increase of 39.13% [2]. - The overall performance of chemical stocks is strong, with MACD golden cross signals indicating positive momentum [1].

Core Viewpoint - On January 28, 2026, Meibang Technology (stock code: 920471) was featured on the trading leaderboard of the Beijing Stock Exchange due to a turnover rate of 25.70%, with a trading volume of 13.63 million shares and a transaction value of 248 million yuan [1]. Group 1 - Meibang Technology's closing price on the trading day was 18.35 yuan [1]. - The leading buyer was Dongfang Caifu Securities Co., Ltd., Lhasa Tuanjie Road Second Securities Business Department, purchasing approximately 5.63 million yuan worth of shares [2]. - The leading seller was an institutional account, selling approximately 4.89 million yuan worth of shares [2]. Group 2 - The total transaction amount for Meibang Technology on that day reached 248 million yuan [1]. - The trading volume was reported at 13.63 million shares [1]. - The turnover rate of 25.70% indicates a high level of trading activity for the stock [1].

Group 1 - The core viewpoint of the report highlights the resurgence of the commercial aerospace sector driven by the space photovoltaic theme, with significant stock performance from companies like Liancheng CNC and Optec [11][12] - The North Exchange 50 index increased by 2.6%, while trading volume decreased, indicating a shift of funds from large-cap indices to small-cap stocks [6][16] - The report notes that public fund disclosures for Q4 2025 show a decrease in the market value of heavy holdings in the North Exchange, suggesting a trend of profit-taking among investors [12] Group 2 - The report emphasizes the importance of Elon Musk's statements at the Davos Forum, which have activated interest in the space photovoltaic sector, with a focus on companies like Liancheng CNC [13] - Investment analysis suggests maintaining high market activity before the Spring Festival, with recommendations to invest in undervalued stocks and sectors with good growth prospects, such as semiconductors and AI computing [13] - The report details the performance of new stocks listed on the North Exchange, including Aisheren and Guoliang New Materials, which saw significant first-day price increases [28][31] Group 3 - The report provides a detailed analysis of stock performance, noting that 218 stocks rose while 71 fell, with a rise-to-fall ratio of 3.07, indicating a strong market sentiment [38] - It highlights the top-performing stocks of the week, including Huawai Design and Liancheng CNC, which experienced substantial gains [40] - The report also discusses the trading dynamics, with a notable decrease in trading volume and turnover rates for certain stocks, reflecting market volatility [43][26] Group 4 - The report outlines the new listings and financing activities in the New Third Board, indicating a healthy pipeline of new companies entering the market [49] - It mentions the completion of financing for several companies, showcasing the ongoing interest and investment in emerging sectors [50][51] - The report concludes with a summary of the current state of the New Third Board, including the number of companies listed and the financing amounts raised [49][50]

Summary of Key Points Core Viewpoint - The trading volume and value of stocks on the Beijing Stock Exchange (BSE) saw a significant increase, with a total trading volume of 1.044 billion shares and a trading value of 24.92 billion yuan, marking an increase of 1.137 billion yuan compared to the previous trading day. A total of 204 stocks closed higher, indicating a positive market sentiment [1]. Trading Performance - On January 22, 204 stocks on the BSE closed higher, accounting for 70.34% of the total tradable stocks. Notable gainers included Guoliang New Materials, which surged by 160.78%, and Tianli Composite, which rose by 16.00% [1][2]. - The trading activity was robust, with 63 stocks exceeding a trading value of 100 million yuan. The top performers in terms of trading value included Tianli Composite (1.166 billion yuan), Liujin Technology (810 million yuan), and Xingtou Measurement and Control (749 million yuan) [2]. Stock Activity - Guoliang New Materials exhibited a high turnover rate of 81.73%, indicating strong investor interest. Other active stocks included Aishalun and Huawi Design, with turnover rates of 47.86% and 40.03%, respectively [2]. - The overall trading dynamics showed that 34 stocks had a turnover rate exceeding 10%, with 10 stocks surpassing 20% [2]. Notable Stock Movements - The stocks that experienced the highest price increases included Guoliang New Materials (up 160.78%), Tianli Composite (up 16.00%), and Youji Co., Ltd. (up 11.76%). Conversely, stocks that saw the largest declines included Aishalun (down 12.17%), Meibang Technology (down 5.34%), and Huilong Piston (down 5.05%) [1][2].

Group 1 - The core point of the article is that Meibang Technology, listed on the Beijing Stock Exchange, experienced significant trading activity on January 22, 2026, with a turnover rate of 29.44% and a transaction volume of 15.61 million shares, amounting to 276 million yuan [1] Group 2 - The top buyer was Guosen Securities Co., Ltd. Shenzhen Internet Branch, purchasing shares worth 18.50 million yuan [1] - The top seller was also Guosen Securities Co., Ltd. Shenzhen Internet Branch, selling shares worth 6.65 million yuan [1]

Market Overview - On January 21, the Shanghai Composite Index rose by 0.08%, with the total margin trading balance reaching 27,210.23 billion yuan, an increase of 11.664 billion yuan compared to the previous trading day [1] - The margin trading balance in the Shanghai market was 13,746.08 billion yuan, up by 10.112 billion yuan; in the Shenzhen market, it was 13,373.67 billion yuan, increasing by 1.48 billion yuan; and in the Beijing Stock Exchange, it was 90.48 billion yuan, up by 0.072 billion yuan [1] Industry Analysis - Among the industries classified by Shenwan, 23 sectors saw an increase in margin trading balances, with the largest increase in the non-ferrous metals sector, which rose by 1.904 billion yuan. The electronics and basic chemicals sectors followed, with increases of 1.625 billion yuan and 1.043 billion yuan, respectively [1] Individual Stock Performance - A total of 1,851 stocks experienced an increase in margin trading balances, accounting for 49.09% of the total. Among these, 299 stocks had an increase of over 5% in their margin balances [1] - The stock with the highest increase in margin balance was Southern Power Grid, with a latest margin balance of 153.41 million yuan, reflecting a 47.30% increase from the previous trading day. The stock price rose by 4.09%, outperforming the Shanghai Composite Index [1] - Other notable stocks with significant increases in margin balances included Meibang Technology and Jiangtian Chemical, with increases of 45.26% and 44.75%, respectively [1] Top Gainers and Losers - Among the top 20 stocks with the highest increase in margin balances, the average price increase was 2.58%. The top gainers included Yifan Transmission, Hongbaoli, and Meiyang Jixiang, with increases of 20.00%, 9.98%, and 9.98%, respectively [2] - Conversely, the stocks with the largest declines in margin balances included Huilong Piston, which saw a decrease of 60.26%, and Yinen Power and Huawai Design, with declines of 32.43% and 31.33%, respectively [4][5]

Core Viewpoint - Meibang Technology (stock code: 920471) experienced significant trading activity on January 21, 2026, with a turnover rate of 35.75% and a transaction volume of 18.96 million shares, amounting to 352 million yuan [1][2]. Trading Activity Summary - The top buying seat was from Dongfang Caifu Securities Co., Ltd., Lhasa Tuanjie Road Second Securities Business Department, with a purchase amount of approximately 8.18 million yuan [1][2]. - The top selling seat was from Guoxin Securities Co., Ltd., Shenzhen Internet Branch, with a selling amount of approximately 12.15 million yuan [1][2]. - Total trading volume reached 18.96 million shares, with a total transaction value of 352 million yuan [1][2].

Group 1 - Meibang Technology focuses on the research and production of epoxy propane and downstream polyether polyols, benefiting from a clean production process and stable capacity, which enhances business profitability when epoxy propane prices rise [1][29] - Hongqiang Co., Ltd. produces concrete additives that utilize epoxy propane-derived polyether polyols, allowing for cost transfer to customers when prices rise, while also benefiting from the green building certification and infrastructure investment cycles [2][30] - Weiyuan Co., Ltd. has a large capacity for epoxy propane and integrates its production with other chemicals, which helps mitigate raw material price fluctuations and enhances profitability [3][31] Group 2 - Hongbaoli is a leading supplier of polyurethane insulation materials, with its core product being rigid polyether polyols, directly linked to epoxy propane prices, allowing for price adjustments through long-term agreements [4][32] - Yinuowei relies heavily on epoxy propane for its polyurethane products, maintaining stable relationships with downstream customers and benefiting from the rapid expansion of the new energy sector [5][33] - Yida Co., Ltd. has developed its own epoxy propane production technology and offers a range of solvents, benefiting from the green development policies and enhancing cost control through efficient procurement [6][34] Group 3 - Bohai Chemical leverages its location in the Beijing-Tianjin-Hebei petrochemical cluster to enhance its epoxy propane production, benefiting from regional supply advantages and low-carbon transformation initiatives [7][35] - China Chemical, as a state-owned enterprise, benefits from the rising demand for engineering services related to epoxy propane production, supported by its global project experience and technological capabilities [8][36] - Weixing Chemical has a complete C3 industrial chain layout, with significant cost advantages in epoxy propane production, and is actively expanding into new energy materials [9][36] Group 4 - Huaitai Co. integrates its chemical production with green paper-making concepts, enhancing profitability through the rising prices of epoxy propane while maintaining a focus on sustainable practices [10][38] - Kent Catalysts specializes in catalysts for epoxy propane production, benefiting from the industry's growth and focusing on high-end catalyst development for new energy applications [11][39] - Dongfang Shenghong has a vertically integrated "refining-polyester" chain, leveraging the high demand for epoxy propane to enhance profitability while expanding into photovoltaic materials [12][40]