经济观察网 时代新材近期获33.2亿元风电叶片大额订单，预计2026年起逐步履行；其高性能材料产线及 越南生产基地亦计划于2026年投产，以拓展新应用领域并增强全球竞争力。公司近期主力资金呈净流出 状态。 公司项目推进 大额订单履行：公司于2025年第四季度与风电主机厂签订叶片销售合同，总金额达33.2亿元，预计从 2026年起逐步履行，可能对业绩形成支撑。该订单规模占2024年总营收约16%，凸显风电板块增长动 力。 以上内容基于公开资料整理，不构成投资建议。 新材料产线投产：聚酰胺酰亚胺（PAI）等高性能材料产线预计于2026年上半年实现投产，目前已完成 中试线试制并通过客户验证，有望拓展半导体封装等新应用领域。株洲基地计划增至10条产线，达产后 年销售收入预计约6亿元。 海外产能释放：越南生产基地预计2026年投产，并已获得客户锁定，将增强公司在全球化市场的竞争能 力，应对风电领域国内外需求扩张。 资金动向 此外，截至2026年2月11日，公司主力资金呈净流出状态，单日净卖出1219.54万元，市场情绪可能受短 期资金流动影响。长期来看，业务基本面和战略布局仍是关键驱动因素。 ...

从资金流向上来看，当日轨交设备板块主力资金净流入6185.26万元，游资资金净流出8354.12万元，散户 资金净流入2168.86万元。轨交设备板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601766 中国中车 | | 1.22亿 | 11.72% | -6638.50万 | -6.40% | -5525.07万 | -5.33% | | 688485 九州一轨 | | 937.38万 | 6.49% | -717.86万 | -4.97% | -219.52万 | -1.52% | | 000925 众合科技 | | 680.64万 | 3.68% | -778.36万 | -4.21% | 97.72万 | 0.53% | | 603111 康尼机电 | | 565.69万 | 10.36% | -193.10万 | -3.54% | -372.59万 | -6.82% | | 6 ...

Core Viewpoint - China CRRC Group has issued a statement warning the public about fraudulent activities involving unauthorized apps that misuse its name for illegal financing scams [2][3]. Group 1: Fraudulent Activities - Fraudulent apps named "China CRRC," "China CRRC," and "CRRC Wind Power" are being used to conduct illegal financing scams, falsely claiming high returns and investment projects [2]. - The company emphasizes that it has no connection to these apps and has not authorized any activities related to them [2][3]. Group 2: Public Warning - The apps cannot be downloaded through official channels and are spread via social media platforms like WeChat, using foreign servers to evade domestic regulations [3]. - The company urges the public to remain vigilant and avoid engaging with these fraudulent apps, advising anyone who has suffered losses to report to local authorities [3]. Group 3: Company Overview - China CRRC Group is the only industrialized group in China focused on rail transit equipment, high-end manufacturing, and clean energy equipment [4]. - The group includes four listed companies and has a total asset value of 520.4 billion yuan, with 406 subsidiaries and approximately 164,000 employees [4].

Core Viewpoint - The report highlights the growth in China's railway locomotive production, indicating a positive trend in the industry with a projected increase in output and market potential from 2026 to 2032 [1] Group 1: Company Overview - Listed companies in the railway locomotive sector include China CNR Corporation (601766), China Railway Group (601390), China Railway Construction Corporation (601186), Jinxi Axle (600495), Taiyuan Heavy Industry (600169), Times New Material (600458), Shenzhou High-speed Railway (000008), Kanni Electromechanical (603111), Huizhong Technology (002296), and Jinyi Industrial (601002) [1] Group 2: Industry Statistics - According to the National Bureau of Statistics, the production of railway locomotives in China reached 193 units in December 2025, marking a year-on-year increase of 1.6% [1] - The cumulative production of railway locomotives from January to December 2025 was 1,105 units, reflecting a cumulative growth of 16.7% [1] Group 3: Market Research - The report titled "2026-2032 China Railway Locomotive Industry Market Status Analysis and Future Outlook" by Zhiyan Consulting provides insights into the current market conditions and future prospects for the railway locomotive industry in China [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research reports, business plans, feasibility studies, and customized services [1]

Company Overview - Zhuzhou Times New Material Technology Co., Ltd. is located in Hunan Province, China, and was established on May 24, 1994. The company was listed on December 19, 2002. Its main business involves the research and engineering application of polymer materials, focusing on products for rail transit, wind power generation, automotive, and high-performance polymer materials [1][2]. Financial Performance - For the period from January to September 2025, the company achieved operating revenue of 14.949 billion yuan, representing a year-on-year growth of 14.42%. The net profit attributable to shareholders was 428 million yuan, showing a year-on-year increase of 40.52% [2]. - As of September 30, 2025, the company had a total of 41,800 shareholders, an increase of 33.69% compared to the previous period. The average circulating shares per person decreased by 25.14% to 19,353 shares [2]. Stock Performance - On January 20, the company's stock price decreased by 2.06%, trading at 14.25 yuan per share, with a total transaction volume of 98.6237 million yuan and a turnover rate of 0.80%. The total market capitalization was 13.263 billion yuan [1]. - Year-to-date, the stock price has increased by 7.39%, with a 2.37% rise over the last five trading days and an 8.28% increase over the last 20 days. However, it has seen a decline of 0.70% over the last 60 days [1]. Business Segmentation - The company's revenue composition is as follows: wind power products account for 42.25%, automotive products for 37.16%, rail transit for 11.92%, industrial and engineering for 9.14%, and unallocated projects for 3.62% [1]. Shareholder Information - Since its A-share listing, the company has distributed a total of 1.171 billion yuan in dividends, with 507 million yuan distributed over the last three years. As of September 30, 2025, Hong Kong Central Clearing Limited was the fourth-largest circulating shareholder, holding 8.6737 million shares as a new shareholder [3].

Market Performance - The rail transit equipment sector increased by 1.48% on January 19, with Jiuzhou Yitui leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Individual Stock Performance - Jiuzhou Yitui (688485) closed at 19.98, up 6.79% with a trading volume of 48,700 shares and a transaction value of 96.19 million [1] - Zhonghe Technology (000925) closed at 9.37, up 6.72% with a trading volume of 1.2818 million shares [1] - Times Electric (688187) closed at 56.56, up 5.52% with a trading volume of 126,700 shares [1] - Railway Technology (301016) closed at 27.45, up 5.41% with a trading volume of 116,000 shares [1] - Times New Materials (600458) closed at 14.55, up 4.53% with a trading volume of 280,000 shares [1] Capital Flow - The rail transit equipment sector saw a net inflow of 252 million yuan from institutional investors, while retail investors experienced a net outflow of 45.99 million yuan [2][3] - Major stocks like Zhonghe Technology and Shenzhou High-speed Railway had significant net inflows from institutional investors, indicating strong interest [3]

Market Overview - The rail transit equipment sector experienced a decline of 0.62% on January 16, with Bidu Technology leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Stock Performance - Notable gainers in the rail transit equipment sector included: - Gongda Gaoke (688367) with a closing price of 32.95, up 4.90% on a trading volume of 45,000 shares and a turnover of 146 million yuan [1] - Jiaoda Sino (300851) closed at 29.63, up 4.40% with a trading volume of 57,400 shares and a turnover of 174 million yuan [1] - Xianghe Industry (603500) closed at 12.96, up 3.43% with a trading volume of 87,000 shares and a turnover of 111 million yuan [1] Fund Flow Analysis - The rail transit equipment sector saw a net outflow of 79.08 million yuan from institutional investors, while retail investors experienced a net outflow of 75.46 million yuan [2] - Conversely, speculative funds recorded a net inflow of 155 million yuan [2] Individual Stock Fund Flow - China Railway Industry (600528) had a net inflow of 37.40 million yuan from institutional investors, but a net outflow of 34.22 million yuan from retail investors [3] - China Communication Signal (688009) saw a net inflow of 3.34 million yuan from institutional investors, while retail investors had a net outflow of 55.10 million yuan [3] - Xianghe Industry (603500) experienced a net inflow of 16.07 million yuan from institutional investors, with retail investors seeing a net outflow of 4.64 million yuan [3]

Core Viewpoint - The company, Zhuzhou Times New Material Technology Co., Ltd., is conducting a buyback and cancellation of 426,980 restricted shares due to various reasons related to the eligibility of incentive plan participants [2][4][8]. Group 1: Reasons for Share Buyback - The buyback is initiated because 26 incentive plan participants no longer qualify due to job changes, retirement, death, or personal reasons, leading to a total of 426,980 restricted shares being subject to cancellation [2][8]. - Specific cases include 71,400 shares from two participants who were transferred to the controlling shareholder's units, 95,200 shares from three retirees, and 33,500 shares from one deceased participant [4][5][6]. Group 2: Buyback Process and Approval - The decision for the buyback was approved in a board meeting held on July 16, 2025, and was disclosed on July 17, 2025, with no objections from creditors during the public notice period [3][4]. - The company has opened a dedicated securities account for the buyback and submitted the necessary applications, with the buyback expected to be completed by January 16, 2026 [9]. Group 3: Changes in Share Capital Structure - Following the buyback, the total number of shares will decrease from 931,180,500 to 930,753,520 [8][10]. - The company assures that the decision-making process and information disclosure comply with relevant laws and regulations, ensuring no harm to the rights of incentive participants or creditors [11][13].

Core Viewpoint - The company, Zhuzhou Times New Material Technology Co., Ltd., is implementing a buyback and cancellation of 426,980 restricted stocks due to various reasons related to the eligibility of incentive plan participants [2][7]. Group 1: Reasons for Stock Buyback and Cancellation - The buyback is due to 26 incentive plan participants losing their eligibility because of job changes, retirement, death, or personal reasons, resulting in 426,980 shares being subject to cancellation [2][7]. - Specific reasons include: - 71,400 shares from 2 participants who were transferred to the controlling shareholder's units [4]. - 95,200 shares from 3 participants who retired and did not meet performance conditions [4]. - 33,500 shares from 1 participant who passed away [5]. - 50,000 shares from 1 participant who left for personal reasons [6]. - 166,980 shares from 17 participants who did not meet the 100% release ratio for the first release period [6]. Group 2: Stock Buyback and Cancellation Details - The decision for the buyback was approved in a board meeting held on July 16, 2025, and the announcement was made on July 17, 2025 [3]. - The total number of shares after the buyback will decrease from 931,180,500 to 930,753,520 [7][8]. - The buyback is expected to be completed by January 16, 2026, with necessary legal registrations to follow [8]. Group 3: Compliance and Legal Assurance - The company assures that the decision-making process and information disclosure comply with relevant laws and regulations, ensuring no harm to the rights of incentive participants or creditors [9]. - A legal opinion confirms that the buyback has obtained necessary approvals and adheres to applicable laws and regulations [10].

证券代码：600458 证券简称：时代新材 公告编号：临 2026-009 1 株洲时代新材料科技股份有限公司 关于部分限制性股票回购注销实施公告 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。 重要内容提示： 回购注销原因：株洲时代新材料科技股份有限公司（以下简称"时代新 材"、"公司"）2022 年限制性股票激励计划（以下简称"本激励计划"）授 予的 26 名激励对象因工作调动、退休、身故、离职及个人层面解除限售比例未 达到 100%不再具备激励对象资格或所持股份不得解除限售，前述激励对象不得 解除限售的 426,980 股限制性股票，公司将进行回购注销。 本次注销股份的有关情况 | 回购股份数量（股） | 注销股份数量（股） | | | 注销日期 | | | | --- | --- | --- | --- | --- | --- | --- | | 426,980 | 426,980 | 2026 | 年 | 1 月 | 16 | 日 | 一、本次限制性股票回购注销的决策与信息披露 1、公司于 2025 年 7 月 16 ...