证券代码：600176 证券简称：中国巨石 公告编号：2025-081 中国巨石股份有限公司 关于持股 5%以上股东以专项贷款和自有资金 增持公司股份计划的公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 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法律责任。 重要内容提示： | 增持主体名称 | 振石控股集团有限公司 | | | --- | --- | --- | | | 控股股东、实控人 | 是 否 | | | 控股股东、实控人的一致行动人 | 是 否 | | 增持主体身份 直接持股 | 5%以上股东 | 是 否 | | | 董事、监事和高级管理人员 | 是 否 | | | 其他：__________ | | | 持股数量 | 675,826,646 股 | | | 持股比例 16.88% | | | | （占总股本） | | | | | 是 | | | | 增持计划完成情况：振石集团自 月 | 2024 年 11 23 | | 本次公告前 12 个月内 日至 | 2025 年 3 月 31 日，以专项贷款和自有资金通过上 | | | 增持主体 ...

Market Overview - The glass and fiberglass sector increased by 0.59% compared to the previous trading day, with Zai Sheng Technology leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Stock Performance - Zai Sheng Technology (603601) closed at 5.06, up 6.30% with a trading volume of 736,000 shares and a turnover of 367 million yuan [1] - Sanxia New Material (600293) closed at 3.17, up 4.62% with a trading volume of 671,100 shares and a turnover of 212 million yuan [1] - Qibin Group (601636) closed at 6.10, up 2.18% with a trading volume of 774,000 shares and a turnover of 473 million yuan [1] - Other notable stocks include Kaisheng New Energy (600876) at 10.18, up 1.90%, and North Glass (002613) at 3.86, up 1.31% [1] Capital Flow - The glass and fiberglass sector saw a net inflow of 5.0468 million yuan from institutional investors, while retail investors contributed a net inflow of 68.8737 million yuan [2] - Conversely, speculative funds experienced a net outflow of 73.9205 million yuan [2] Individual Stock Capital Flow - Zhongcai Technology (002080) had a net inflow of 34.999 million yuan from institutional investors, while it faced a net outflow of 53.912 million yuan from speculative funds [3] - Zai Sheng Technology (603601) recorded a net inflow of 22.1793 million yuan from institutional investors, with a net outflow of 17.7831 million yuan from speculative funds [3] - Sanxia New Material (600293) saw a net inflow of 21.4818 million yuan from institutional investors, while retail investors had a net outflow of 26.2026 million yuan [3]

Investment Rating - The report maintains a "Positive" investment rating for the building materials industry [12]. Core Viewpoints - The report highlights an increase in expectations regarding real estate policies, suggesting a focus on high-quality consumer building materials leaders. The industry is experiencing intensified downward pressure, but the anticipated policy tools aim to reduce housing burdens, which could support residential demand [6][9]. - The report recommends focusing on quality leaders in consumer building materials, such as SanKeTree, TuBaoBao, and WeiXing New Materials, as they possess bottom value and are expected to benefit from policy changes and operational turning points [6][9]. - The report notes a slight decline in cement prices and a shift in glass inventory from decrease to increase, indicating ongoing challenges in the market [7][8]. Summary by Sections Basic Situation - Cement prices have slightly decreased, with a national average of 355.65 yuan/ton, down 1.45 yuan/ton week-on-week and down 76.77 yuan/ton year-on-year. The cement output rate is approximately 45.5%, reflecting a 0.4 percentage point decrease [24][32]. - The glass market is operating weakly, with a national average price of 61.55 yuan per weight box, down 1.84 yuan per weight box week-on-week and down 15.22 yuan year-on-year. The inventory of glass has increased, indicating pressure on the market [38][40]. Recommendations - The report continues to recommend investments in the African supply chain and existing supply chain leaders, highlighting companies like Huaxin Cement and Keda Manufacturing as key players benefiting from demand recovery and structural optimization [9]. - It emphasizes the importance of focusing on quality leaders in the consumer building materials sector, particularly those with strong business models and growth potential, such as SanKeTree and TuBaoBao [9]. Market Trends - The report indicates that the downward slope of the industry is increasing, with a focus on the expected rise in real estate policies. The core reasons for the pressure on housing prices in major cities are linked to income and inflation expectations, as well as the rental-to-sale ratio being inverted with mortgage rates [6][9].

Core Viewpoint - China Jushi Co., Ltd. has announced the implementation results of its share repurchase plan, which includes the repurchase of 34,528,223 shares, accounting for approximately 0.86% of the company's total share capital, with a total expenditure of approximately RMB 539.66 million [2][3][4]. Group 1: Repurchase Approval and Plan Details - The company approved a share repurchase plan on September 24 and October 21, 2025, allowing for the repurchase of 30 million to 40 million shares within 12 months, with a total expenditure not exceeding RMB 88 million and a maximum price of RMB 22 per share [2]. - The repurchased shares are intended for the company's equity incentive plan, and if the plan does not receive necessary approvals, the shares will be canceled within three years after the announcement of the repurchase results [2]. Group 2: Repurchase Implementation Status - As of October 31, 2025, the company had repurchased 1,000,000 shares at a maximum price of RMB 16.20 per share, totaling approximately RMB 16.15 million [3]. - By November 24, 2025, the cumulative repurchase reached 34,528,223 shares, with a maximum price of RMB 16.20 and a minimum price of RMB 14.80 per share, totaling approximately RMB 539.66 million [3][4]. Group 3: Share Handling and Future Plans - The repurchased shares will be held in a dedicated securities account and will not enjoy voting rights or other shareholder privileges during the holding period [6]. - The company plans to use the repurchased shares for future equity incentive plans, adhering to necessary decision-making processes and disclosure obligations [6].

证券日报网讯11月25日晚间，中国巨石（600176）发布公告称，截至2025年11月24日，公司通过上海证 券交易所系统以集中竞价交易方式累计回购公司股份34，528，223股，已回购股份占公司总股本的比例 约为0.86%。本次股份回购方案已实施完毕。 ...

Core Viewpoint - China Jushi announced the completion of a share repurchase plan, acquiring approximately 34.53 million shares, representing about 0.86% of the company's total equity, with a total expenditure of approximately 540 million RMB [1] Group 1: Share Repurchase - As of November 24, 2025, the company repurchased shares through centralized bidding on the Shanghai Stock Exchange [1] - The highest purchase price was 16.2 RMB per share, while the lowest was 14.8 RMB per share [1] - The total amount paid for the repurchased shares was approximately 540 million RMB [1] Group 2: Revenue Composition - For the first half of 2025, the revenue composition of China Jushi was as follows: fiberglass yarn and products accounted for 97.41%, other businesses for 1.63%, and wind power for 0.96% [1] Group 3: Market Capitalization - As of the report date, the market capitalization of China Jushi was 60.8 billion RMB [1]

格隆汇11月25日丨中国巨石(600176.SH)公布，截至2025年11月24日，公司通过上海证券交易所系统以 集中竞价交易方式累计回购公司股份3452.82万股，已回购股份占公司总股本的比例约为0.86%。购买的 最高价为16.20元/股，最低价为14.80元/股，已支付的总金额为人民币5.4亿元（不含印花税、交易佣金 等费用）。本次股份回购方案已实施完毕。 ...

证券代码：600176 证券简称：中国巨石 公告编号：2025-080 中国巨石股份有限公司 关于股份回购实施结果暨股份变动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 | 回购方案首次披露日 | 2025/9/25 | | | | | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 10 月 21 日~2026 | 年 | 10 | 月 20 日 | | 预计回购金额 | 不超过88,000万元 | | | | | 回购价格上限 | 不超过22元/股 | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | □用于转换公司可转债 | | | | | | □为维护公司价值及股东权益 | | | | | 实际回购股数 | 34,528,223股 | | | | | 实际回购股数占总股本比例 | 0.86% | | | | | 实际回购金额 | 539,657,450元 | | | | | 实际回购价格区间 | 14.80元 ...

Market Overview - The glass and fiberglass sector increased by 4.57% on November 25, with China National Materials leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Stock Performance - China National Materials (002080) closed at 32.64, up 10.01% with a trading volume of 349,200 shares and a transaction value of 1.118 billion [1] - Honghe Technology (603256) closed at 31.92, up 9.99% with a trading volume of 196,400 shares and a transaction value of 610 million [1] - Other notable performers include: - Zaiseng Technology (603601) at 4.69, up 4.69% [1] - International Composite Materials (301526) at 5.72, up 3.25% [1] - Jiuding New Materials (002201) at 8.18, up 2.38% [1] Capital Flow - The glass and fiberglass sector saw a net inflow of 485 million from institutional investors, while retail investors experienced a net outflow of 284 million [2] - The main capital flow details include: - Honghe Technology had a net inflow of 22.9 million from institutional investors [3] - China National Materials had a net inflow of 21 million from institutional investors [3] - International Composite Materials had a net inflow of 14.1 million from institutional investors [3]

截至9月30日，中国巨石股东户数10.69万，较上期增加3.74%；人均流通股37436股，较上期减少 3.61%。2025年1月-9月，中国巨石实现营业收入139.04亿元，同比增长19.53%；归母净利润25.68亿元， 同比增长67.51%。 分红方面，中国巨石A股上市后累计派现112.55亿元。近三年，累计派现48.28亿元。 11月25日，中国巨石盘中上涨2.01%，截至09:39，报15.22元/股，成交3859.06万元，换手率0.06%，总 市值609.28亿元。 资金流向方面，主力资金净流出168.39万元，大单买入302.75万元，占比7.85%，卖出471.14万元，占比 12.21%。 中国巨石今年以来股价涨38.62%，近5个交易日跌2.62%，近20日跌5.35%，近60日涨13.50%。 资料显示，中国巨石股份有限公司位于浙江省桐乡市凤凰湖大道318号，成立日期1999年4月16日，上市 日期1999年4月22日，公司主营业务涉及公司主要从事玻璃纤维及制品的生产、销售。主营业务收入构 成为：玻纤及其制品相关97.41%，其他(补充)1.63%，风电0.96%。 中国巨石所属申万行 ...