2月9日晚间，方大炭素（600516）公告，为优化库存管理，整合公司及子公司物流环节的管控效率与稳定性，提升公司抗风险能力，降低储运及物流成 本，公司拟以自有资金购买关联方天津一商持有的天津通达环宇物流有限公司（以下简称"通达环宇"或"标的公司"）100%股权。上述股权评估价值为 31,918.70万元，根据交易双方协商，交易对价拟定为31,918.70万元。 2025年度业绩预减的主要原因是公司主营产品销售价格有所下降，对业绩影响较大。 值得一提的是，2022年至2025年，方大炭素净利润连续4年下滑，从逾10亿元盈利直线降至或不足亿元。 在业绩4连降之际，方大炭素换帅。 天津一商是公司控股股东辽宁方大集团（000055）实业有限公司（以下简称方大集团）间接控制的企业，本次交易构成关联交易。本次交易不构成重大资 产重组。 资料显示，通达环宇地处天津市东丽区华明高新技术产业区，主要从事货物仓储服务、国内及国际货物运输代理、货物进出口、技术进出口等业务。 截至2025年12月31日，通达环宇资产总额为50,592.67万元，净资产为30,221.36万元。 方大炭素表示，收购后公司可快速获得环渤海地区的物流网络 ...

方大炭素表示，本次交易资金来源于公司自有资金。本次交易对方天津一商是公司控股股东方大集团间 接控制的企业，本次交易构成关联交易。本次交易不构成重大资产重组。 通达环宇区域优势明显，交通网络发达，存储物质主要物流方向为京津冀地区及天津港。收购后公司可 快速获得环渤海地区的物流网络、客户资源和仓储设施，强化区域市场渗透力。公司的主要产品出口及 部分原料进口均在天津港装卸，标的公司拥有的库房为丙类及以上仓库，完全可以满足公司进出口产品 及原料的存储周转需要。 北京商报讯（记者 王蔓蕾）2月9日晚间，方大炭素（600516）披露公告称，公司拟收购天津一商集团 有限公司（以下简称"天津一商"）持有的天津通达环宇物流有限公司（以下简称"通达环宇"）100%股 权。经交易双方协商确定交易价格为3.19亿元。 ...

格隆汇2月9日丨方大炭素(600516.SH)公布，为优化库存管理，整合公司及子公司物流环节的管控效率 与稳定性，提升公司抗风险能力，降低储运及物流成本，公司拟以自有资金购买关联方天津一商持有的 天津通达环宇物流有限公司（以下简称标的公司）100%股权。上述股权评估价值为31,918.70万元，根 据交易双方协商，交易对价拟定为31,918.70万元。 ...

证券代码： 600516 证券简称：方大炭素 公告编号：2026-012 方大炭素新材料科技股份有限公司 关于购买股权暨关联交易的公告 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。 重要内容提示： ●方大炭素新材料科技股份有限公司（以下简称公司）收购天津一商集团有 限公司（以下简称天津一商）持有的天津通达环宇物流有限公司（以下简称标的 公司）100%股权。本次交易以资产评估机构出具的评估报告确认的标的公司评估 值作为定价依据，经交易双方协商确定交易价格为31,918.70万元。 ●天津一商是公司控股股东辽宁方大集团实业有限公司（以下简称方大集团） 间接控制的企业，根据《上海证券交易所股票上市规则》的规定，本次交易构成 关联交易。 ●本次交易不构成重大资产重组。 ●本次交易已经公司董事会2026年第一次独立董事专门会议和第九届董事 会第十九次临时会议审议通过。本次关联交易无需公司股东会审议。 ●截至本次交易，过去12个月内，公司及子公司未与同一关联法人进行过与 本次交易类别相关的关联交易。 一、关联交易概述 （一）本次交易的基 ...

南财智讯2月9日电，方大炭素公告，公司与天津一商签署协议，拟以31918.70万元收购标的公司通达环 宇100%股权。本次交易资金来源于公司自有资金。交易完成后，公司将持有通达环宇100%股权。通达 环宇主要从事货物仓储服务、国内及国际货物运输代理、货物进出口、技术进出口等业务。该事项构成 关联交易，但不构成重大资产重组。 ...

Market Performance - The steel sector declined by 3.02% this week, underperforming the broader market, with sub-sectors such as special steel down 2.10%, long products down 1.88%, and flat products down 3.84% [2][5] - Iron ore and steel consumables sectors also saw declines of 1.74% and 3.02% respectively, while the trade circulation sector fell by 4.006% [2][5] Supply Situation - As of February 6, the capacity utilization rate of blast furnaces in sample steel enterprises was 85.7%, an increase of 0.22 percentage points week-on-week [2] - Electric furnace capacity utilization was at 48.1%, a decrease of 7.59 percentage points week-on-week [2] - The production of five major steel products was 7.208 million tons, a week-on-week decrease of 15,500 tons [2] - Daily average pig iron production was 2.2858 million tons, an increase of 6,000 tons week-on-week and 1,400 tons year-on-year [5] Demand Situation - The consumption of five major steel products was 7.607 million tons, a week-on-week decrease of 410,800 tons, or 5.12% [2] - Mainstream traders' sales volume of construction steel was 35,000 tons, down 32,500 tons week-on-week, representing a 48.24% decline [2] Inventory Situation - As of February 6, social inventory of five major steel products was 9.404 million tons, an increase of 496,800 tons week-on-week, or 5.58%, but down 18.04% year-on-year [3][5] - Factory inventory of five major steel products was 3.973 million tons, an increase of 95,600 tons week-on-week, or 2.47%, and down 24.13% year-on-year [3][5] Steel Prices & Profits - As of February 6, the comprehensive index for ordinary steel was 3,414.2 yuan/ton, a week-on-week decrease of 13.31 yuan/ton, or 0.39%, and down 5.51% year-on-year [3] - The comprehensive index for special steel was 6,582.0 yuan/ton, a week-on-week decrease of 2.28 yuan/ton, or 0.03%, and down 2.88% year-on-year [3] - The profit for rebar from blast furnaces was 65 yuan/ton, an increase of 14.0 yuan/ton week-on-week, or 27.45% [3] - The profit for construction steel from electric furnaces was -76 yuan/ton, an increase of 4.0 yuan/ton week-on-week, or 5.00% [3] Raw Material Situation - As of February 6, the spot price index for Australian powder ore (62% Fe) at Rizhao Port was 764 yuan/ton, a week-on-week decrease of 29.0 yuan/ton, or 3.66% [4] - The price for main coking coal at Jingtang Port was 1,700 yuan/ton, a week-on-week decrease of 80.0 yuan/ton [4] - The average available days of iron ore for sample steel enterprises was 31.29 days, an increase of 2.6 days week-on-week [4] Investment Recommendations - The steel sector is expected to have strong "anti-involution" characteristics and significant profit recovery potential, with high-quality steel companies likely to see performance improvements [6][7] - Key companies to focus on include regional leaders with advanced equipment and environmental standards, as well as those benefiting from the new energy cycle [7]

新甘肃客户端兰州讯（新甘肃·甘肃日报记者 杜雪琴）2月3日，方大炭素传来喜讯：企业自主研发的直径600毫米及以上大规格超高功率石墨电极，关键性能 指标达到国际领先水平，其中直径700毫米以上产品成功跻身欧美高端市场。这一突破，标志着我国炭素行业实现从"跟跑"向"领跑"的跨越。 经过持续技术攻关，方大炭素直径600毫米及以上大规格超高功率电极性能达到国际领先水准，成功打开全球高端市场，其中，直径700毫米以上产品已应用 于海外多个高端项目，成为企业拓展国际市场的"拳头产品"。 在市场布局上，方大炭素不仅巩固了传统海外市场，也在阿根廷、巴西、厄瓜多尔等新兴市场取得实质性突破，公司外销量保持稳健增长，直供客户销量占 比显著提升。最新数据显示，今年1月，公司石墨电极加工产量完成计划的102.33%，炭砖加工产量完成计划的105.45%。企业核心产品——石墨电极、炭砖 与副品，全面超额完成销售任务，为实现全年目标奠定坚实基础。 版权声明 1.本文为新甘肃客户端原创作品。 2.所有原创作品,包括但不限于图片、文字及多媒体形式的新闻、信息 等,未经著作权人合法授权,禁止一切形式的下载、转载使用或者建立 镜像。违者将依法追究 ...

Report Industry Investment Rating - The investment rating for the steel industry is "Bullish" [2]. Report's Core View - The current inventory accumulation pressure of the five major steel products is relatively limited, with the overall inventory at a relatively low level in history and the inventory accumulation speed slower than in previous years. Coupled with the supply support formed by the potential slight contraction of local production capacity due to recent safety inspections, the steel inventory pressure is limited. Currently, the profit per ton of general steel is considerable. Against the backdrop of the industry's "anti - involution," the performance improvement space of general steel companies is large, and they are expected to experience value restoration. The steel sector is also expected to present an opportunity for allocation. Based on the judgment of the steel industry cycle, the steel sector has strong "anti - involution" attributes and a large profit restoration space. High - quality steel enterprises have excellent upward elasticity brought about by the gradual restoration of performance and the room for the sector's valuation to rise due to the improvement of the supply pattern. The sector still has medium - to - long - term strategic investment opportunities, so the "Bullish" rating for the industry is maintained [2][3]. Summary According to the Table of Contents 1. This Week's Performance of the Steel Sector and Individual Stocks - The steel sector fell 3.02% this week, underperforming the broader market. The CSI 300 fell 1.33% to 4643.60. The top three sectors in terms of gains and losses were food and beverage (4.44%), textile and apparel (2.23%), and banking (2.09%) [10]. - The special steel sector fell 2.10%, the long - product sector fell 1.88%, the plate sector fell 3.84%, the iron ore sector fell 1.74%, the steel consumables sector fell 3.02%, and the trade and distribution sector fell 4.006% [2][13][17]. - The top three stocks in the steel sector in terms of gains and losses were Boyun New Materials (9.79%), Dazhong Mining (5.92%), and Shengde Xintai (4.72%) [15]. 2. This Week's Core Data Supply - As of February 6, the daily average hot metal output was 228.58 million tons, a week - on - week increase of 0.60 million tons (0.26%) and a year - on - year increase of 0.06% [25]. - As of February 6, the blast furnace capacity utilization rate of sample steel enterprises was 85.7%, a week - on - week increase of 0.22 percentage points [25]. - As of February 6, the electric furnace capacity utilization rate of sample steel enterprises was 48.1%, a week - on - week decrease of 7.59 percentage points [25]. - As of February 6, the output of the five major steel products was 720.8 million tons, a week - on - week decrease of 1.55 million tons (0.21%) [25]. Demand - As of February 6, the consumption of the five major steel products was 760.7 million tons, a week - on - week decrease of 41.08 million tons (5.12%) [35]. - As of February 6, the trading volume of construction steel by mainstream trading companies was 3.5 million tons, a week - on - week decrease of 3.25 million tons (48.24%) [35]. - As of February 1, 2026, the commercial housing transaction area in 30 large and medium - sized cities was 1.655 million square meters, a week - on - week increase of 226,000 square meters [35]. - As of February 8, the net financing amount of local government special bonds was 1.0851 trillion yuan, a cumulative year - on - year increase of 121.74% [35]. Inventory - As of February 6, the social inventory of the five major steel products was 940.4 million tons, a week - on - week increase of 49.68 million tons (5.58%) and a year - on - year decrease of 18.04% [43]. - As of February 6, the in - plant inventory of the five major steel products was 397.3 million tons, a week - on - week increase of 9.56 million tons (2.47%) and a year - on - year decrease of 24.13% [43]. Steel Prices - As of February 6, the general steel composite index was 3414.2 yuan/ton, a week - on - week decrease of 13.31 yuan/ton (0.39%) and a year - on - year decrease of 5.51% [49]. - As of February 6, the special steel composite index was 6582.0 yuan/ton, a week - on - week decrease of 2.28 yuan/ton (0.03%) and a year - on - year decrease of 2.88% [49]. Steel Mill Profits - As of January 30, the national average hot metal cost was 2396 yuan/ton, a week - on - week increase of 12.0 yuan/ton [57]. - As of February 6, the profit per ton of construction steel electric furnace at normal electricity price was - 76 yuan/ton, a week - on - week increase of 4.0 yuan/ton (5.00%) [57]. - As of February 6, the profit per ton of blast furnace for rebar was 65 yuan/ton, a week - on - week increase of 14.0 yuan/ton (27.45%) [57]. - As of February 6, the profitability rate of 247 steel enterprises was 39.39%, unchanged from the previous week [57]. Futures - Spot Basis - As of February 6, the spot basis of hot - rolled coils was - 1 yuan/ton, a week - on - week increase of 17.0 yuan/ton [65]. - As of February 6, the spot basis of rebar was 143 yuan/ton, a week - on - week increase of 21.0 yuan/ton [65]. - As of February 6, the spot basis of coke was - 117 yuan/ton, a week - on - week increase of 18.0 yuan/ton [65]. - As of February 6, the spot basis of coking coal was 73.5 yuan/ton, a week - on - week increase of 21.5 yuan/ton [65]. - As of February 6, the spot basis of iron ore was 4.5 yuan/ton, a week - on - week increase of 2.0 yuan/ton [65]. Raw Materials: Price & Profit - As of February 6, the spot price index of Australian powder ore in Rizhao Port (62% Fe) was 764 yuan/ton, a week - on - week decrease of 29.0 yuan/ton [74]. - As of February 5, the ex - warehouse price of main coking coal in Jingtang Port was 1700 yuan/ton, a week - on - week decrease of 80.0 yuan/ton [74]. - As of February 6, the ex - factory price of first - grade metallurgical coke was 1770 yuan/ton, unchanged from the previous week [74]. - As of February 6, the average profit per ton of coke for independent coking enterprises was - 10 yuan/ton, a week - on - week increase of 45.0 yuan/ton [74]. - As of February 6, the price difference between hot metal and scrap steel was 66.3 yuan/ton, a week - on - week decrease of 51.9 yuan/ton [74]. 3. Valuation Table and Key Announcements of Listed Companies Valuation Table of Listed Companies - The table shows the closing prices, net profits attributable to parent companies, EPS, and P/E ratios of multiple listed steel companies from 2024 to 2027 [75]. Key Announcements of Listed Companies - Youfa Group plans to invest in establishing a wholly - owned subsidiary, Guangdong Youfa Pipe Industry Technology Co., Ltd., with a registered capital of 500 million yuan [76]. - Hainan Mining is planning to acquire the control rights of Luoyang Fengrui Fluorine Industry Co., Ltd. through the issuance of shares and payment of cash and raise supporting funds. The company's stock has been suspended since January 29, 2026, with an expected suspension time of no more than 10 trading days [76]. - Hualing Steel has repurchased 56,023,339 shares as of January 31, 2026, accounting for 0.8109% of the total share capital, with a total transaction amount of 278,597,423.90 yuan [78]. - Anyang Iron and Steel expects a loss of about 460 million yuan in 2025, with a year - on - year reduction of about 85.94% in the loss amount. The net profit after deducting non - recurring gains and losses is expected to be about - 748 million yuan, with a year - on - year reduction of about 77.44% in the loss amount [78]. 4. This Week's Important Industry News - The new - home transactions in 10 major cities increased by 26.8% week - on - week, indicating a warming of real estate demand and having a marginal boost to the demand for construction steel [79]. - Indonesia has suspended the spot coal export due to the government's production cut plan, which may affect China's coal supply and be negative for steel prices [79]. - As of February 2, 23 listed steel companies have released their 2025 performance forecasts, with 12 in profit and 11 in loss [79]. - In January 2026, the sales volume of excavators in China was 18,708 units, a year - on - year increase of 49.5%, with domestic sales increasing by 61.4% and exports increasing by 40.5% [79].

Investment Rating - The report maintains a "Buy" rating for several key companies in the steel industry, including Hualing Steel, Baosteel, Nanjing Steel, and others [2][3]. Core Insights - The iron ore market is experiencing downward price trends due to high overseas shipments and increasing port inventories, which have surpassed 170 million tons. This has led to a structural easing of inventory issues as steel mills complete their restocking [6][28]. - Short-term expectations for real estate policy relaxation may improve raw material cost pressures, potentially leading to a recovery in steel mill profits. Long-term, the industry is expected to shift from scale expansion to quality and efficiency improvements, benefiting leading enterprises [6][28]. Summary by Sections Domestic Steel Market - As of February 6, 2026, steel prices have decreased, with HRB400 rebar priced at 3,210 CNY/ton, down 30 CNY/ton from the previous week. Other products like high-line and hot-rolled steel also saw price declines [12][13]. International Steel Market - In the U.S., hot-rolled steel prices increased to 1,066 USD/ton, while in Europe, prices fluctuated with hot-rolled steel at 782 USD/ton, reflecting a mixed market response [23][25]. Raw Materials and Shipping Market - Domestic iron ore prices are stable with slight declines, while scrap steel prices have risen to 2,090 CNY/ton. The coal market is influenced by production quota adjustments in Indonesia, affecting prices [28][29]. Production and Inventory - As of February 6, 2026, total steel production decreased to 8.2 million tons, with an increase in total inventory to 939.28 million tons, indicating a rise in stock levels despite production cuts [6][12]. Profitability Analysis - The report indicates a decline in steel margins, with average gross profits for rebar, hot-rolled, and cold-rolled steel decreasing by 27 CNY/ton, 19 CNY/ton, and 21 CNY/ton respectively [6][28]. Key Company Valuations and Stock Performance - The report provides earnings per share (EPS) forecasts for various companies, with Hualing Steel projected to have an EPS of 0.50 CNY in 2025, and a price-to-earnings (PE) ratio of 12x, indicating a favorable investment outlook [2][3].

Investment Rating - The report maintains a "Buy" rating for the steel industry, recommending several key companies [2][3]. Core Insights - The iron ore market is experiencing downward price trends due to high overseas shipments and increasing port inventories, which have surpassed 170 million tons. This has led to a structural easing of inventory issues as steel mills complete their restocking [6][28]. - Short-term expectations for real estate policy relaxation may improve raw material cost pressures, potentially leading to a recovery in steel mill profits. Long-term, the industry is expected to shift from scale expansion to quality and efficiency improvements, benefiting leading enterprises [6][28]. Summary by Sections 1. Domestic Steel Market - As of February 6, 2026, the price of 20mm HRB400 rebar in Shanghai is 3,210 CNY/ton, down 30 CNY/ton from the previous week. Other steel products also saw price declines, with hot-rolled and cold-rolled prices decreasing by 20 CNY/ton [12][13]. 2. International Steel Market - In the U.S., the hot-rolled steel price is 1,066 USD/ton, up 16 USD/ton from last week. In Europe, hot-rolled prices are at 782 USD/ton, increasing by 12 USD/ton [23][25]. 3. Raw Materials and Shipping Market - Domestic iron ore prices are stable with slight declines, while scrap steel prices have increased to 2,090 CNY/ton, up 20 CNY/ton from last week. The coal market is stable, with main coking coal prices in North China dropping to 1,320 CNY/ton [28][29]. 4. Production and Inventory - As of February 6, 2026, total steel production is 8.2 million tons, a decrease of 32,700 tons week-on-week. Total inventory has increased by 496,100 tons to 9.3928 million tons [6][12]. 5. Profitability Analysis - The report indicates a decrease in steel profits, with average gross margins for rebar, hot-rolled, and cold-rolled steel declining by 27 CNY/ton, 19 CNY/ton, and 21 CNY/ton respectively compared to the previous week [6][28]. 6. Key Company Valuations and Stock Performance - Recommended companies include Hualing Steel, Baosteel, and Nanjing Steel, all rated as "Buy" with projected earnings per share (EPS) growth over the next few years [2][6].