（文章来源：证券日报） 证券日报网讯 1月9日，兴发集团在互动平台回答投资者提问时表示，公司"1万吨/年电池级五硫化二磷 及配套3万吨/年超纯黄磷项目"建设进展顺利，预计7月建成投产。该产品系硫化物固态电池电解质关键 前驱体材料，目前公司已与包括数家新能源企业在内的多家潜在客户建立了合作意向。 ...

证券日报网讯1月9日，兴发集团（600141）在互动平台回答投资者提问时表示，公司当前暂无磷化铟产 能，但在磷化铟的关键原材料电子级红磷方面研发进展顺利。依托电子级黄磷和电子级磷烷的技术优势 和产业链优势，公司目前正在抓紧推进电子级红磷生产制备技术研发，若取得成功，将实现磷化铟用关 键原材料电子级红磷的国产化替代。 ...

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 600596 | 新安股份 | -3.48 | 3.74 | -5137.51 | | 002215 | 诺普信 | 0.46 | 2.02 | -1973.14 | | 600141 | 兴发集团 | 0.03 | 2.61 | -1458.79 | | 301035 | 润丰股份 | -0.98 | 0.48 | -1269.82 | | 603077 | 和邦生物 | 0.00 | 1.73 | -1248.66 | | 600389 | 江山股份 | -1.49 | 1.93 | -1095.83 | | 002258 | 利尔化学 | -2.79 | 4.12 | -657.35 | | 300927 | 江天化学 | 0.58 | 2.71 | -418.59 | | 000525 | 红太阳 | 0.36 | 1.54 | -378.64 | | 301665 | 泰禾股份 | 0.52 | 5.82 | -346.53 | | 603 ...

Investment Rating - The report maintains an "Outperform" rating for the agricultural chemical industry [5][9]. Core Views - The potassium fertilizer supply and demand are tightly balanced, with international prices rising. China, being the largest consumer, has a high import dependency exceeding 60%. The domestic production of potassium chloride is expected to decrease by 2.7% in 2024, while imports are projected to reach a historical high of 12.633 million tons, a year-on-year increase of 9.1% [1][24]. - The long-term price of phosphate rock is expected to remain high due to declining grades and increasing extraction costs, coupled with growing demand from new applications like lithium iron phosphate [2][50]. - The price of glyphosate has shown volatility, with a significant increase during the South American planting season, followed by a decline due to high North American inventories [4][49]. Summary by Sections Potassium Fertilizer - The global potassium fertilizer market is characterized by a supply-demand imbalance, with prices expected to recover due to resource scarcity and geopolitical factors affecting supply chains [1][44]. - Domestic potassium chloride prices have shown an upward trend, with the average price at 3,282 RMB/ton by the end of December, reflecting a year-on-year increase of 30.45% [1][40]. Phosphate Chemicals - The phosphate rock market is experiencing tight supply conditions, with prices for 30% grade phosphate rock remaining high at around 1,040 RMB/ton in Hubei and 970 RMB/ton in Yunnan [2][50]. - The production capacity of lithium iron phosphate is projected to grow significantly, with a year-on-year increase of 48.59% expected in 2025 [2][51]. Pesticides - The glyphosate market is expected to see price improvements in 2026, following a period of price fluctuations influenced by seasonal demand and inventory levels [4][49]. - The report highlights several key companies in the pesticide sector, including Yangnong Chemical and Lier Chemical, which are positioned to benefit from rising prices and demand [8][49]. Investment Recommendations - Key recommendations include focusing on companies with strong potassium and phosphate resources, such as Yara International and Yun Tianhua, which are expected to benefit from the ongoing demand and supply dynamics in the agricultural chemical sector [7][9].

Investment Rating - The report maintains an "Outperform" rating for the agricultural chemical industry [5][9]. Core Views - The potassium fertilizer supply and demand are tightly balanced, with international prices rising. China, being the largest consumer, has a high import dependency exceeding 60%. The domestic production of potassium chloride is expected to decrease by 2.7% in 2024, while imports are projected to reach a historical high of 12.633 million tons, a year-on-year increase of 9.1% [1][24]. - The long-term price center for phosphate rock is expected to remain high due to declining grades and increasing extraction costs, alongside growing demand from new applications like lithium iron phosphate. The domestic supply-demand situation for phosphate rock is tightening, with prices for 30% grade phosphate rock remaining elevated [2][50]. - The price of glyphosate has shown volatility, with a peak during the South American planting season and a subsequent decline due to high North American inventories. The report anticipates a recovery in glyphosate prices in 2026 [4][49]. Summary by Sections Potassium Fertilizer - The global potassium fertilizer market is characterized by a supply-demand imbalance, with prices expected to recover due to resource scarcity and geopolitical factors affecting supply chains [1][44]. - Domestic potassium chloride prices are projected to stabilize around 3,100-3,200 CNY/ton, with expectations of maintaining high inventory levels for food security [24][40]. Phosphate Chemicals - The phosphate rock market is experiencing a tightening supply-demand balance, with prices for 30% grade phosphate rock remaining above 900 CNY/ton for over three years. The report highlights the increasing demand from lithium battery applications [2][50]. - Phosphate chemical prices have shown upward trends for products like lithium iron phosphate, while glyphosate prices have decreased significantly [49][51]. Pesticides - The report suggests a potential recovery in the pesticide sector, particularly for glyphosate and its derivatives, as the industry undergoes restructuring to improve profitability [4][8]. - Companies such as Yangnong Chemical and Lier Chemical are highlighted as key players in the pesticide market, with recommendations for investment [7][8].

湖北兴发化工集团股份有限公司 2026 年度第一次临时股东会 会 议 材 料 湖北兴发化工集团股份有限公司董事会 二O 二六年一月十四日 会议议程 会议时间：2026 年 1 月 14 日（星期三）14:30 会议地点：湖北省宜昌市伍家岗区沿江大道 188-9 号兴发大厦会议室 会议议程： 一、主持人宣布本次股东会开始，宣布出席会议股东、董事、 高管以及见证律师情况 - 1 - 二、推选计票人和监票人 三、介绍人宣读议案 四、股东讨论并审议议案 五、股东进行书面投票表决 六、统计现场投票表决情况 七、宣布现场投票表决结果 八、由见证律师宣读为本次股东会出具的法律意见书 九、签署会议文件 十、主持人宣布本次股东会结束 会议须知 为维护股东的合法权益，确保兴发集团2026年度第一次临时股 东会的正常秩序和议事效率，根据《公司法》《公司章程》和《股 东会议事规则》的有关规定，现就会议须知通知如下，望参加本次 会议的全体人员遵守。 一、本次会议期间，全体参会人员应以维护股东的合法权益， 确保会议的正常秩序和议事效率为原则，自觉履行法定义务。 二、为保证本次会议的严肃性和正常秩序，除出席会议的股东 及股东代理人、董事、 ...

1月5日，记者在湖北兴顺新材料有限公司磷酸铁锂厂看到，一条为比亚迪定制打造的生产线已投入试运行。该产线在原有设 备基础上，新增二十余套除磁装置，进一步提升产品性能，全面响应客户对材料品质的高标准要求。 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤储能 资讯~ 湖北兴顺新材料有限公司磷酸铁锂厂是兴发集团旗下专注磷酸铁锂正极材料研发、生产与销售的企业，年设计产能达8万 吨。公司产品体系覆盖二代半至四代规格，广泛应用于新能源汽车与储能电站等领域。目前，四代半产品已具备中试量产条件， 五代产品研发也取得阶段性突破，持续以技术迭代领跑行业。 湖北兴顺新材料有限公司磷酸铁锂厂厂长胡郑磊说："接下来我们将持续加快产品升级，同步加大市场开发力度，重点推进亿 纬锂能等头部电芯企业验证导入工作，目前吨级样品已通过比亚迪的测试验证，下一步将正式批量供货。2026年计划产销7万 吨，产品主要供应比亚迪，从3月份开始产线基本是持续满产状态。" 依托兴发集团在磷矿、水电及光伏等领域的资源优势，以及宜都园区兴友公司提供的优质关键原料，湖北兴顺新材料有限公 司磷酸铁锂厂形成了品类齐全、性能优异的产品矩阵。除 ...

12 月初行业协同会议决定观察到今年 2 月份，这三个月内维持 70%的限产水 平，根据情况可能调整至 75%或 80%。下游需求增长良好，从去年的数据看， 下游需求增长 10%至 20%。公司通过招商引资吸引下游企业入驻厂区周边， 实现管道直接输送，仅去年 11 月销量增长近 30%。 目前价格稳定在成本线以 上，但仍处于保本微利状态。如果要实现行业健康发展，需要一定利润，因此 预计价格可能上涨 10%左右，即达到 15,000-16,000 元/吨区间。这将带来接 近 10%的利润水平，有助于研发投入和工艺改进，从而促进行业良性循环。目 前每 1,000 元的价格波动对公司而言代表着两到三个亿的利润波动。本周元旦 兴发集团 20260107 摘要 兴发集团计划通过乔沟矿业采矿权证的获取和白水河磷矿股权收购，提 升磷矿石产能至 1,000 万吨，以保障未来磷资源供应，预计乔沟矿业 2026 年二季度开始建设，为公司磷化工产业链提供坚实基础。 特化板块以磷酸盐为核心，通过高附加值产品如"新发 A"和乙硫醇等， 实现盈利增长，预计 2026 年特化板块将继续推出 BCD 系列磷化剂和电 池级五硫化二磷等新产品， ...

Summary of Conference Call Records Industry Overview - The basic chemical sector is likely at the bottom of its cycle, with no need to wait for significant improvements in fundamentals before investing. Stock prices often lead the market, indicating potential investment opportunities when future fundamental changes are anticipated [2][4]. Key Investment Opportunities - Investment opportunities in 2026 are concentrated in traditional cyclical industries and technology materials, particularly in AI-related sectors such as energy storage materials (e.g., lithium carbonate) and storage materials (e.g., Yake Technology) [1][6]. - Recommended leading companies in the chemical industry include Wanhua Chemical, Hualu Hengsheng, and Juhua Co., due to their low valuations and high profit elasticity [1][8]. Company-Specific Insights Wanhua Chemical - Strongly recommended as a top investment choice due to its outlier effect and continuous growth catalysts. Expected revenue for 2026 is projected to reach 400 billion yuan, with a net profit forecast of 16 billion yuan [1][12][14]. - The company has a significant profit increase potential with every 1,000 yuan increase in MDI and TDI prices, translating to a net profit increase of 3.4 billion yuan [12][14]. Hualu Hengsheng - The company is expected to achieve annualized quarterly performance exceeding 5 billion yuan in 2026, supported by multi-category layout and technological upgrades [1][17][18]. Dongcai Technology - Notable for its advantages in new energy materials, with expectations to turn losses into profits as the overall profitability in the new energy sector improves [1][13][15]. Baofeng Energy - Expected to maintain stable annual profits between 12 billion to 13 billion yuan following the release of new capacity at its Ningxia base. The company benefits from the cyclical changes in the coal chemical industry and has diversified its product offerings [3][19][20]. Industry Trends and Signals - The potassium fertilizer industry is expected to experience tight supply and demand in 2026, maintaining high prices, while the phosphate market outlook remains stable with manageable supply increases [3][22][23]. - The tire industry is impacted by EU anti-dumping policies, prompting leading companies to expand overseas to increase market share [3][27][28]. - The spandex industry is at a cyclical bottom, with potential supply-side clearing effects anticipated due to the bankruptcy of a major player, which could improve market conditions [3][34][35]. Additional Insights - Investment in underperforming sectors is justified as they have likely reflected most negative factors in their stock prices, presenting potential for positive marginal changes [11]. - The refrigerant industry, while considered an "old story," shows strong certainty and potential for long-term investment due to ongoing price support [24]. - The organic silicon industry is expected to see price increases driven by domestic demand and external supply constraints, with companies like Dongyue showing significant elasticity [25][26]. Conclusion - The conference call highlighted a range of investment opportunities across various sectors within the chemical industry, emphasizing the importance of leading companies and emerging trends. Investors are encouraged to consider both cyclical recovery and technological advancements when making investment decisions.

清晨的宜昌秭归锚地，清帆保洁18号船穿梭在货轮间，船长金自立一早上收完8艘船的垃圾污水；午后的兴发 集团园区，昔日烟囱倒下的地方已是生态公园，磷化产品从"论吨卖"到"论克卖"的跃迁；傍晚的武汉青山江滩， 市民沿着步道散步，2026年这里就要迎来马拉松赛事…… 作为长江干线流经里程超千公里的唯一省份，湖北始终锚定"共抓大保护、不搞大开发"方向，坚定不移走好 生态优先、绿色发展之路，以"一江碧水永续东流、一泓清水永续北送"的担当，书写保护与发展辩证统一的荆楚 答卷。 黄金水道绿意浓 宜昌是三峡工程所在地，每年数万艘次船舶待闸，船舶生活垃圾和生活污水的处置，曾是长江大保护的一道 难题。 冬日的秭归茅坪作业区沙湾锚地，清帆保洁18号船，穿梭于货轮之间。船长金自立熟练地登上一艘河南货 轮，将2.7立方米生活污水和27公斤生活垃圾接收转运上岸。 宜昌有这样一群"水上快递员"，但他们不运货物、只运垃圾。"船员手机一点或打个电话，就能预约免费接收 服务，从接收、转运到处置，全流程都能在'净小宜'系统上看得明明白白。"金自立边展示手机上的系统，边告诉 记者，一早上他已经完成了8艘船的污染物接收工作。 产业转型动能足 生态环境保 ...