方大炭素于2025年11月24日召开董事会，审议通过参与杉杉集团及其全资子公司实质合并重整投资人招 募的议案，并授权公司管理层进行相关重整投资工作。公司已提交报名材料，并缴纳了5000万元尽职调 查保证金，同时签署了尽职调查保密协议。 观点网讯：1月4日，方大炭素新材料科技股份有限公司发布公告，宣布终止参与杉杉集团及其全资子公 司实质合并重整的事宜。 免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 在与杉杉集团管理人就关键事项进行多次沟通后，方大炭素表示，由于尽职调查时间短、不充分，无法 对标的资产做出合理价值判断，基于整合后风险因素的审慎评估，决定终止参与。 ...

#方大炭素终止参与杉杉重整#【方大炭素：终止参与杉杉集团及其全资子公司实质合并重整】方大炭素 公告称，公司于2025年11月24日同意参与杉杉集团有限公司及其全资子公司宁波朋泽贸易有限公司的实 质合并重整投资人招募。然而，由于尽职调查时间短、不充分，无法对标的资产做出合理价值判断。同 时，结合公司在新材料、新能源领域的战略规划，公司决定终止参与重整事项。这一决定不会对公司的 生产经营及财务状况产生不利影响。（智通财经） ...

证券代码：600516 证券简称：方大炭素 公告编号：2026-001 一、本次交易概述 方大炭素新材料科技股份有限公司 关于终止参与杉杉集团及其全资子公司 实质合并重整的公告 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。 公司终止参与重整事项，不会对公司的生产经营及财务状况产生不利影响， 不存在损害公司及中小股东利益的情形。公司未来将继续围绕既定的战略目标有 序开展各项经营管理工作，积极关注投资与合作机遇，多措并举努力提升公司业 绩，切实维护广大股东利益。 特此公告。 方大炭素新材料科技股份有限公司 董 事 会 方大炭素新材料科技股份有限公司（以下简称方大炭素或公司）于 2025 年 11 月 24 日召开第九届董事会第十四次临时会议，审议通过了《关于拟参与杉杉 集团及其全资子公司实质合并重整投资人招募的议案》，同意公司参与杉杉集团 有限公司（以下简称杉杉集团）及其全资子公司宁波朋泽贸易有限公司的实质合 并重整投资人招募，同时授权公司管理层代表公司拟定和提交重整投资的报名资 料、签署尽职调查保密协议、开展尽职调查、提交《重 ...

Investment Rating - The report maintains a "Buy" rating for several key companies in the steel industry, including Hualing Steel, Baosteel, Nanjing Steel, and others, indicating a positive outlook for their performance in the coming years [2][4]. Core Insights - The expectation for iron ore replenishment has increased, while short-term steel exports are under pressure due to new regulations on low-value-added steel exports [8][30]. - Steel prices have seen a slight increase, with the price of 20mm HRB400 rebar reaching 3,320 CNY/ton, up 40 CNY/ton from the previous week [14][15]. - The overall steel production has slightly increased, with a total output of 8.15 million tons for major steel products, reflecting a week-on-week increase [8][30]. - The report highlights a decrease in steel profits, with average margins for rebar, hot-rolled, and cold-rolled steel showing a decline compared to the previous week [8][30]. Summary by Sections Domestic Steel Market - Domestic steel prices have risen, with specific increases noted in rebar and high-line steel prices [14][15]. - The report indicates stable prices for hot-rolled and cold-rolled steel, while medium plates have remained unchanged [14][15]. International Steel Market - U.S. and European steel prices have remained stable, with no significant changes reported in the last week [25][27]. Raw Materials and Shipping Market - Domestic iron ore prices are stable to slightly rising, while scrap steel prices have decreased [30][35]. - The report notes that the shipping market has seen a decline, impacting overall raw material costs [30]. Production Situation of Domestic Steel Mills - The production of major steel products has increased, with specific gains in rebar and plate production [8][30]. - Inventory levels have decreased, indicating a tightening supply in the market [8][30]. Profit Situation - The steel industry reported a profit of 1,115 billion CNY from January to November, showing a significant year-on-year increase [12][30]. - Monthly profits have shown a decreasing trend, indicating potential challenges ahead [12][30]. Key Steel Companies Valuation and Stock Performance - The report provides detailed earnings forecasts and valuations for key companies, all rated as "Buy" [2][4].

Core Viewpoint - The steel raw materials sector experienced a decline of 0.6% on December 31, with Guangdong Mingzhu leading the losses, while the Shanghai Composite Index rose by 0.09% and the Shenzhen Component Index fell by 0.58% [1] Group 1: Market Performance - The closing prices and performance of key stocks in the steel raw materials sector showed varied results, with Hebei Steel Resources closing at 21.17, up by 0.81%, and Guangdong Mingzhu at 7.13, down by 1.52% [1] - The total trading volume for Hebei Steel Resources was 136,500 shares, with a transaction value of 290 million yuan, while Guangdong Mingzhu had a trading volume of 141,600 shares and a transaction value of 102 million yuan [1] Group 2: Capital Flow - The steel raw materials sector saw a net inflow of 60.27 million yuan from institutional investors, while retail investors experienced a net outflow of 616.35 million yuan [1] - Major stocks like Dazhong Mining had a net inflow of 44.87 million yuan from institutional investors, while Hainan Mining saw a net inflow of 37.35 million yuan [2] - Conversely, stocks like Fangda Carbon and Baodi Mining faced significant net outflows from institutional investors, amounting to 23.27 million yuan and 7.08 million yuan respectively [2]

Group 1 - The core viewpoint of the news is that Fangda Carbon (600516) has initiated a strategic cooperation with Beijing University of Science and Technology to develop a groundbreaking green metallurgy technology focused on electric arc furnace direct reduction iron (DRI) [1] - This collaboration aims to tackle key technologies for efficient melting of solid DRI, validating critical indicators such as energy consumption, energy utilization efficiency, metal recovery rate, carbon emissions, and iron quality [1] - The breakthrough in this technology route is expected to address common bottlenecks in the low-carbon transition of the steel industry, with significant market application potential [1] Group 2 - Fangda Carbon's core products demonstrate unique competitive advantages in this advanced process, particularly its self-developed ultra-high power graphite electrodes, which enhance melting efficiency and reduce system energy consumption [2] - The company has established a complete industrial chain with an annual production capacity of 260,000 tons, exporting its leading products to over 60 countries and regions [2] - The collaboration with academic institutions like Tsinghua University and Beijing University of Science and Technology has led to breaking several foreign monopolies in key technology areas, securing over 50 provincial and ministerial-level scientific achievements [2] Group 3 - Industry estimates suggest that the electric arc furnace DRI technology route could reduce carbon dioxide emissions by approximately 75% compared to traditional steelmaking processes [3] - The partnership not only expands the application boundaries of Fangda Carbon's core products but also empowers the steel industry in its decarbonization efforts, creating new growth opportunities for the company [3] - The chairman of Fangda Carbon emphasized the commitment to deepen collaborative innovation and provide high-quality products and services to support the steel industry's transition to low carbon [3]

Group 1 - The core collaboration between Fangda Carbon and Beijing University of Science and Technology focuses on the research and development of electric arc furnace direct reduction iron technology, aiming to address key technological bottlenecks in the low-carbon transition of the steel industry [1] - The project aims to provide low-carbon, clean, and high-quality iron source solutions for electric furnace steelmaking by evaluating energy consumption, energy utilization efficiency, metal recovery rate, carbon emissions, and iron water quality [1][3] - Fangda Carbon has established a complete industrial chain with an annual production capacity of 260,000 tons of carbon products, exporting to over 60 countries and regions globally [2] Group 2 - The electric arc furnace direct reduction iron (DRI) technology is expected to reduce carbon dioxide emissions by approximately 75% compared to traditional steelmaking processes [3] - The company plans to leverage this project to enhance collaborative innovation between industry and academia, contributing to the deep decarbonization of the steel industry [3] - Fangda Carbon has developed high-performance graphite electrodes and carbon bricks that improve melting efficiency and operational continuity, supporting the economic scalability of DRI production [2]

Core Insights - The steel raw materials sector experienced a slight increase of 0.32% on December 30, with Ordos leading the gains [1] - The Shanghai Composite Index closed at 3965.12, showing no change, while the Shenzhen Component Index rose by 0.49% to 13604.07 [1] Sector Performance - Ordos (600295) closed at 12.50, up by 4.69%, with a trading volume of 211,100 shares and a transaction value of 265 million [1] - Hebei Steel Resources (000923) increased by 1.79% to 21.00, with a trading volume of 181,500 shares and a transaction value of 379 million [1] - Dazhong Mining (001203) rose by 1.24% to 31.11, with a trading volume of 325,800 shares and a transaction value of 1 billion [1] - Other companies like Steel Titanium (000629), Fangda Carbon (600516), and Guangdong Mingzhu (600382) saw slight declines in their stock prices [1] Capital Flow - The steel raw materials sector saw a net outflow of 267 million from main funds, while retail investors contributed a net inflow of 292 million [1] - The detailed capital flow indicates that Ordos had a net inflow of over 694,100, while other companies like Jinding Mining (000655) and Guangdong Mingzhu (600382) experienced net outflows from main funds [2]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600382 | 广东明珠 | 7.22 | 0.70% | 10.25万 | 7326.49万 | | 600295 | 鄂尔多斯 | 11.46 | 0.53% | 6.79万 | 7742.15万 | | 000629 | 钢钛股份 | 3.06 | 0.33% | 65.38万 | 2.00亿 | | 600516 | 方大炭素 | 5.75 | 0.00% | 52.24万 | 2.9867 | | 601121 | 宝地矿业 | 7.26 | -0.14% | 8.46万 | 6111.88万 | | 000923 | 河钢资源 | 20.08 | -0.25% | 11.13万 | 2.22亿 | | 000655 | 等龄矿业 | 9.34 | -0.43% | 5.82万 | 5414.68万 | | 001203 | 大中矿业 | 30.68 | -2.23% | 33.49万 | 10.12亿 | | 696109 | 海南矿 ...

证券之星消息，12月24日冶钢原料板块较上一交易日上涨0.45%，河钢资源领涨。当日上证指数报收于 3940.95，上涨0.53%。深证成指报收于13486.42，上涨0.88%。冶钢原料板块个股涨跌见下表： | 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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601121 | 宝地矿业 | 2677.35万 | 24.40% | -452.69万 | -4.13% | -2224.66万 | -20.27% | | 000923 河钢资源 | | 1382.53万 | 4.00% | -1273.63万 | -3.68% | -108.91万 | -0.31% | | 600382 广东明珠 | | 66.90万 | 1.27% | 87.99万 | 1.67% | -154.89万 | -2.94% | | 000655 金岭矿业 | | -14.03万 | -0.23% | 122.09万 | 2.02% | -1 ...