证券之星消息，1月22日玻璃玻纤板块较上一交易日上涨5.42%，九鼎新材领涨。当日上证指数报收于 4122.58，上涨0.14%。深证成指报收于14327.05，上涨0.5%。玻璃玻纤板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002201 | 九鼎新材 | 13.86 | 10.00% | 86.00万 | 11.59亿 | | 603256 | 宏和科技 | 47.43 | 10.00% | 46.37万 | 21.29亿 | | 603601 | 再升科技 | 10.15 | 9.97% | 156.28万 | 15.36亿 | | 301526 | 国际复材 | 8.69 | 7.02% | 272.53万 | 22.66亿 | | 600586 | 金晶科技 | 6.07 | 5.20% | 57.42万 | 3.43 Z | | 002080 | 中材科技 | 41.14 | 4.76% | 82.43万 | 33.22亿 | | 601636 | | 6. ...

Core Viewpoint - Jin Jing Technology's stock has shown fluctuations in price and trading volume, with a recent increase of 2.08% on January 22, 2023, and a total market capitalization of 8.348 billion yuan [1]. Financial Performance - For the period from January to September 2025, Jin Jing Technology reported a revenue of 3.461 billion yuan, representing a year-on-year decrease of 31.63%. The net profit attributable to shareholders was -270 million yuan, a significant decline of 190.80% compared to the previous year [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Jin Jing Technology was 92,400, a decrease of 2.29% from the previous period. The average number of circulating shares per person increased by 1.52% to 15,341 shares [2]. Dividend Distribution - Since its A-share listing, Jin Jing Technology has distributed a total of 999.2 million yuan in dividends, with 205 million yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Southern CSI 1000 ETF, which held 9.1478 million shares, a decrease of 75,200 shares from the previous period. Hong Kong Central Clearing Limited increased its holdings by 868,000 shares to 8.9295 million shares [3].

从资金流向上来看，当日玻璃玻纤板块主力资金净流入4.2亿元，游资资金净流出2.81亿元，散户资金净 流出1.39亿元。玻璃玻纤板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603256 | 宏和科技 | 43.12 | 10.00% | 36.57万 | 15.05亿 | | 301526 | 国际复材 | 8.12 | 9.58% | 293.58万 | 23.95 Z | | 600176 | 中国巨石 | 20.44 | 7.07% | 101.54万 | 20.31亿 | | 002080 | 中材科技 | 39.27 | 5.51% | 62.07万 | 23.69亿 | | 300196 | 长海股份 | 16.49 | 3.91% | 18.87万 | 3.07亿 | | 605006 | 山东玻纤 | 7.79 | 2.91% | 22.45万 | 1.73亿 | | 601636 | | 6.49 | 1.56% | 71.49万 | 4.61亿 | ...

Market Overview - The glass and fiberglass sector experienced a decline of 2.34% compared to the previous trading day, with International Composite Materials leading the drop [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] Stock Performance - Notable stock performances include: - Jiuding New Materials (002201) rose by 10.02% to a closing price of 13.94, with a trading volume of 1.9372 million shares and a transaction value of 2.652 billion [1] - Qibin Group (601636) increased by 1.43% to 6.39, with a trading volume of 630,000 shares and a transaction value of 286.8 million [1] - China Jushi (600176) saw a slight increase of 0.16% to 19.09, with a trading volume of 513,200 shares and a transaction value of 977 million [1] - International Composite Materials (301526) fell by 7.95% to 7.41, with a trading volume of 1.979 million shares and a transaction value of 1.497 billion [2] Capital Flow - The glass and fiberglass sector saw a net outflow of 360 million from institutional investors, while retail investors contributed a net inflow of 506 million [2] - Detailed capital flow for specific stocks indicates: - Jiuding New Materials had a net inflow of 30.3 million from institutional investors, while retail investors had a net outflow of 12.9 million [3] - North Glass (002613) experienced a net outflow of 1.859 million from institutional investors but a net inflow of 735,600 from retail investors [3] - China Jushi had a net outflow of 7.5775 million from institutional investors, with retail investors contributing a net outflow of 2.93287 million [3]

Company and Industry Summary Company: Jinjing Technology (金晶科技) Key Points Industry Overview - The float glass price is expected to rebound in 2026 due to low demand and anticipated cold repairs in high-energy-consuming production lines, although the demand for soda ash will face downward pressure from the cold repair requests in the construction and photovoltaic glass sectors [2][4] Financial Performance - The performance in 2025 is complex, with significant losses in architectural and photovoltaic glass impacting overall results. The soda ash business also performed poorly in the second half of the year, contributing to the decline in overall performance [3] Soda Ash Market Outlook - The soda ash market is expected to face challenges in 2026 due to negative pressure from the cold repair requests in the construction and photovoltaic glass sectors. The company is taking active measures to reduce costs to mitigate some of this pressure [6] Production and Sales - The company internally consumes about 30% of its soda ash, with the remaining 70% sold externally. However, due to production line shutdowns in Shandong, the self-consumption ratio may fall below 30% [7] - The company is currently formulating its production and sales budget for 2026, with expectations for optimistic growth compared to 2025, although specific production data is not yet available [13] Deep Processing Business - The deep processing business accounted for approximately 10 million square meters in 2025, with expectations for an increase in 2026. The company is positioning itself towards green building energy efficiency and green energy, aiming to develop deep processing business through adaptation to the downstream solar photovoltaic battery and energy-saving rack sectors [9] TCO Glass Production Capacity - The company has TCO production lines in Tengzhou and Zibo, each with a full capacity of about 15 million square meters. These lines can dynamically adjust product structures based on market conditions, producing raw sheets, architectural coatings, industrial coatings, or automotive coatings [11] PCO Product Development - The company's PCO shipments are primarily concentrated in the perovskite sector, with an estimated shipment volume of about 1 million square meters in 2025. The growth rate for 2026 is expected to be more optimistic than in 2025, although specific production data is not confirmed [5][10] Cost Control Measures - The company is negotiating gas prices to lower fuel costs and has implemented various solutions to address cost issues in the deck business. These measures have been gradually implemented since last year but are not yet fully realized [8] Overseas Operations - The company has an overseas production base in Malaysia, producing photovoltaic glass backsheets and architectural glass to serve the Southeast Asian market. This base collaborates with First Solar in the U.S. [14] Research and Development - Currently, the company does not directly participate in the research and development of perovskite photovoltaic routes for commercial aerospace applications. Some clients may be conducting related tests, but results have not been communicated back to the company [15] Equipment Localization - The localization rate of equipment for the PCO glass production line is high, with most core components being domestically sourced and assembled [19]

Market Overview - The glass and fiberglass sector increased by 2.19% on January 19, with Jiuding New Materials 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] Stock Performance - Jiuding New Materials (002201) closed at 12.67, up 9.98%, with a trading volume of 661,900 shares and a transaction value of 819 million [1] - International Composites (301526) closed at 8.05, up 5.78%, with a trading volume of 2,155,100 shares and a transaction value of 1.717 billion [1] - Yao Pi Glass (618009) closed at 8.29, up 3.11%, with a trading volume of 111,300 shares and a transaction value of 90.799 million [1] - Other notable stocks include Qibin Group (601636) at 6.30 (+2.77%), Shandong Pofiber (605006) at 7.58 (+2.71%), and Honghe Technology (603256) at 41.35 (+2.63%) [1] Capital Flow - The glass and fiberglass sector saw a net inflow of 667 million from main funds, while retail funds experienced a net outflow of 481 million [1] - Jiuding New Materials had a main fund net inflow of 2.79 billion, representing 34.10% of its total [2] - International Composites had a main fund net inflow of 188 million, accounting for 10.95% [2] - Other companies like Honghe Technology and Zhongcai Technology also reported net inflows from main funds, while retail funds showed significant outflows across various stocks [2]

目前，金晶科技TCO玻璃已在建筑光伏一体化、地面电站、渔光互补等多个场景落地，并在建筑、汽车、电子产品等领域 展现出应用潜力。研究表明，该材料还可拓展至光电幕墙、智能变色玻璃、电磁屏蔽视窗等新领域。 该公司在绿色能源领域的进展尤为突出。TCO玻璃是钙钛矿太阳能电池的关键材料，长期依赖进口。2022年，金晶科技自 主研发生产出首片国产TCO玻璃，实现从设备制造到量产的全链条自主可控，突破了大尺寸镀膜均匀性、高导电高透光等技术 瓶颈。 2025年，金晶科技已成为钙钛矿电池关键材料供应商。该公司在淄博和滕州各布局一条TCO玻璃产线，产品已应用于龙头 企业，占据国内绝大部分市场份额。销售团队正积极拓展国内外重点客户，持续优化TCO玻璃在不同场景的应用性能。 基于市场需求，该公司子公司宁夏金晶科技有限公司于2025年7月发布技改计划，拟投资4.95亿元对产线进行TCO镀膜工艺 升级改造。改造完成后，将具备年产2000万平方米2mm至3.2mm超白TCO镀膜玻璃的能力，为钙钛矿等薄膜电池组件提供配 套。 本报讯 （记者王僖）1月16日晚，山东金晶科技股份有限公司（以下简称"金晶科技"）发布2025年年度业绩预告，预计公 ...

Investment Rating - The report indicates a positive outlook for the power equipment industry, particularly in the renewable energy sector, with significant investments and technological advancements expected to drive growth [1][2][4]. Core Insights - The report highlights that the State Grid's investment during the "14th Five-Year Plan" period is projected to reach 4 trillion yuan, marking a 40% increase compared to the previous plan [2]. - The report emphasizes the stability in polysilicon prices and the continuous rise in battery component prices, with N-type battery prices increasing to 0.40 yuan per watt [15][16]. - The report identifies three key areas of focus: supply-side reform leading to price increases in the industry chain, long-term growth opportunities from new technologies, and industrialization opportunities from perovskite GW-level layouts [16]. Summary by Sections 1. New Energy Generation 1.1 Photovoltaics - Polysilicon prices remain stable, while battery component prices are on the rise, with N-type battery prices reaching an average of 0.40 yuan per watt [15]. - The report notes that leading component companies are responding to industry self-discipline by raising component prices, with distributed sales prices reaching 0.72 yuan per watt [15][16]. - Key companies to watch include Tongwei Co., GCL-Poly, LONGi Green Energy, JA Solar, and Trina Solar [16]. 1.2 Wind Power & Grid - The UK AR7 offshore wind auction results exceeded expectations, with a total scale of approximately 8.4GW, validating the upward trend in European offshore wind [17]. - The State Grid's investment is expected to enhance transmission capacity significantly, addressing bottlenecks in renewable energy delivery [18]. - Companies to focus on include Goldwind, Yunda Wind Power, Mingyang Smart Energy, and Sany Heavy Energy [18]. 1.3 Hydrogen & Energy Storage - By 2025, the production and sales of fuel cell vehicles in China are projected to reach 7,797 units, reflecting a 44% year-on-year increase [20]. - The report anticipates that new energy storage installations will reach 58.6GW/175.3GWh by 2025, with significant growth expected in the energy storage sector [21]. - Key players in the hydrogen sector include Shuangliang Energy, Huadian Heavy Industries, and Shenghui Technology [20]. 2. New Energy Vehicles - Solid-state batteries are gaining traction, with several automakers making progress towards mass production by 2026 [29]. - Companies such as BYD, Changan Automobile, and Chery are expected to achieve significant milestones in solid-state battery technology [29]. - The report suggests monitoring companies like Xiamen Tungsten, Hailiang Co., and Nanjing Advanced Lithium Battery [29]. 3. Industry Trends - The report notes a 0.4% increase in the new energy equipment sector from January 12 to January 16, 2026, with a cumulative increase of 5.3% since the beginning of the year [12]. - The photovoltaic equipment sector saw a 3.52% increase, while the wind power equipment sector experienced a decline of 1.28% during the same period [13].

Core Viewpoint - The company, Shandong Jinjing Technology Co., Ltd., has announced a projected net loss for the fiscal year 2025, primarily due to a downturn in the construction glass, photovoltaic glass, and soda ash markets, leading to decreased sales prices and lower gross margins [2][9]. Financial Performance Summary - The estimated net profit attributable to shareholders for 2025 is approximately -560 million yuan [4]. - The estimated net profit attributable to shareholders, excluding non-recurring gains and losses, is approximately -580 million yuan [4]. - In the same period last year, the total profit was 108.21 million yuan, with a net profit attributable to the parent company of 60.48 million yuan and a net profit excluding non-recurring items of 35.36 million yuan [7]. Earnings Per Share - The earnings per share for the previous year was 0.0427 yuan [8]. Reasons for Performance Decline - The primary reasons for the expected loss include a sluggish market for the company's main products, resulting in a decline in sales prices and gross margins [9].

证券代码：600586 证券简称：金晶科技 公告编号：临 2026-003 山东金晶科技股份有限公司 2025 年度业绩预亏公告 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： 业绩预告的具体适用情形：净利润为负值 业绩预告相关的主要财务数据情况：预计 2025 年度归属于上市公司股东 的净利润为-56,000 万元左右，预计 2025 年度归属于上市公司股东的扣除非经常 性损益的净利润为-58,000 万元左右。 一、本期业绩预告情况 （三）注册会计师对公司本期业绩预告是否适当和审慎的专项说明。 本次预告的业绩尚未经注册会计师审计。 二、上年同期经营业绩和财务状况 （一）利润总额：10820.80 万元；归属于母公司所有者的净利润：6047.62 万元；归属于母公司所有者的扣除非经常性损益的净利润：3536.15 万元。 （二）每股收益：0.0427 元。 三、本期业绩预亏的主要原因 2025 年建筑玻璃、光伏玻璃、纯碱行业市场低迷，公司主要产品销售价格 同比下降、毛利率下滑，导致主营业务亏损。 四、风险提示 ...