据中研网，2025年国内碳纤维产能预计达14.4万吨，预计下半年风电领域维持强势，航空航天、体育休 闲等领域需求回暖，新兴领域如低空飞行、无人机等占比进一步提升。尽管行业整体供应过剩局面仍未 改变，但行业整体在相对触底下，正逐步从"量增"转向"质升"。 化纤板块26日盘中强势拉升，截至发稿，神马股份、皖维高新涨停，恒逸石化、新凤鸣涨超8%，桐昆 股份涨逾7%。 中信证券表示，目前碳纤维行业正处于周期底部复苏阶段，经过前期价格深度调整与产能出清，行业供 需格局逐步修复，价格已呈现筑底企稳迹象。随着"反内卷"政策推动行业供给收缩与集中度提升，行业 景气度有望持续改善。建议聚焦三大方向：1）专注航空航天、无人机/eVTOL等高端应用，具备3K 丝、T700级以上高性能碳纤维量产能力的企业；2）新能源产业链优势企业：深度绑定风电、氢能等优 质客户，具备成本优势和规模效应；3）出海逻辑清晰的供应商：出口表现亮眼，积极拓展国际市场的 企业。 行业方面，据百川盈孚，截至2025年8月，主流碳纤维型号T300-12K、T300-24/25K、T300-48/50K、 T700-12K的华东市场价格分别为85元/kg、75元/ ...

9月25日，市场震荡上行，创业板指探底回升一度涨逾2%，续创3年多新高。截至收盘，沪指跌0.01%， 深成指涨0.67%，创业板指涨1.58%。沪深两市成交额2.37万亿，较上一个交易日放量443亿。板块方 面，游戏、AI应用、可控核聚变等板块涨幅居前，港口航运、贵金属、油气等板块跌幅居前。 | 名称 | 最新点位 | 涨跌幅 | | --- | --- | --- | | 上证指数 | 3853.3 | -0.34(-0.01%) | | 深证指数 | 13445.9 | +89.76(0.67%) | | 创业板指 | 3235.76 | +50.19(1.58%) | | | 日期:9月25日 制图:21投资通 | | 隔夜外盘 纽约股市三大股指9月25日集体下挫。截至当天收盘，道琼斯工业平均指数比前一交易日下跌173.96 点，收于45947.32点，跌幅为0.38%；标准普尔500种股票指数下跌33.25点，收于6604.72点，跌幅为 0.50%；纳斯达克综合指数下跌113.16点，收于22384.70点，跌幅为0.50%。 欧洲三大股指9月25日全线下跌。截至当天收盘，英国富时100种股票平均价 ...

Group 1 - The Ministry of Commerce of China has initiated an anti-dumping investigation into imported pecans from Mexico and the United States, citing evidence of sales below normal value and significant market impact on domestic products [2] - Sichuan province is implementing housing support policies tailored to individual cities to stabilize real estate consumption and enhance the supply of quality housing [3] - Guangzhou has introduced new policies allowing real estate companies to sell self-held housing, aimed at alleviating financial pressure on developers [4] Group 2 - International copper prices surged, reaching a two-month high due to a mining accident in Indonesia that is expected to reduce copper sales and delay full operations until mid-2026 [5] - As of the end of August 2025, the net asset value of public funds in China reached 36.25 trillion yuan, with 164 fund management institutions operating in the market [7] - The Digital Renminbi International Operation Center has officially commenced operations, focusing on cross-border digital payment and blockchain services [8] Group 3 - The Ministry of Commerce has urged the U.S. to take positive actions to remove unreasonable tariffs on soybean trade to foster bilateral trade and global economic stability [9] - The China Nonferrous Metals Industry Association has expressed strong opposition to "involution" competition in the copper smelting industry, emphasizing the need for regulatory measures to control capacity expansion [10] Group 4 - Zhejiang Xiantong plans to increase investment in Haohai Xingkong and establish a joint venture for robotics business [12] - China National Petroleum Engineering has signed a $2.524 billion contract for a seawater pipeline project in Iraq [12] - Guizhou Province's investment in infrastructure projects has led to significant contract wins for companies like China Railway and Century Hengtong [12]

Group 1 - The Ministry of Commerce has added three US entities, including Huntington Ingalls Industries, to the export control list and three others to the unreliable entity list [1] - The digital RMB international operation center has officially launched in Shanghai, introducing three major business platforms: cross-border digital payment, blockchain service, and digital asset platform [1] - The Ministry of Education and the State Administration for Market Regulation have issued guidelines for the procurement and acceptance management of bulk food ingredients in school canteens, requiring suppliers to have legal operating qualifications [1] Group 2 - The Chinese government is initiating a trade and investment barrier investigation against Mexico due to proposed increases in import tariffs on products from non-free trade partners, including China [1] - The China Foreign Exchange Trading Center announced improvements to the "Swap Connect" mechanism, including an increase in the daily net limit to 45 billion yuan starting October 13, 2025 [1] - The China Securities Investment Fund Industry Association reported that the net asset value of public funds in China has surpassed 36 trillion yuan, reaching a historical high of 36.25 trillion yuan as of August 2025 [1] Group 3 - Five A-share companies, including Pingmei Shenma and Yicheng New Energy, announced that the Henan provincial government will implement a strategic restructuring of two major energy groups, which will not significantly impact their operations [1] - Hanyu Pharmaceutical announced plans to raise no more than 968 million yuan for the research and development of Semaglutide, including domestic injectable and US oral formulations [1] - The financing prosperity index for small and micro enterprises in August 2025 was reported at 54.22 points, indicating a slight decline from July, with overall credit structure continuing to optimize [1] Group 4 - Non-coal Holdings plans to implement a strategic restructuring involving its controlling shareholder [6] - China Railway recently won bids for 11 major projects with a total bid amount of 50.215 billion yuan [6] - Ganfeng Lithium's subsidiary is increasing capital and introducing investors for its lithium battery business [6]

摩尔线程科创板IPO上会； 2025人工智能计算大会在北京举办； 2025·青岛创投风投大会举办。 机构预计，节前上证指数围绕3800点进行窄幅震荡。 【财经日历】 COMEX黄金期货上涨0.08%，报3771.1美元/盎司。 ►►商务部获得的初步证据和信息显示，根据墨西哥《国会公报》2025年9月9日刊登的关于调整多项进口税的提案，墨西哥政府拟对中国等非自贸伙伴的产 品提高进口关税税率，该措施将严重损害中国企业的贸易投资利益。依据《中华人民共和国对外贸易法》第三十六条、第三十七条及《对外贸易壁垒调查规 则》第十二条、第三十五条的规定，商务部决定自2025年9月25日起对墨西哥相关涉华限制措施启动贸易投资壁垒调查。 ►►9月25日，农业农村部召开全国粮油作物大面积单产提升暨"三秋"生产视频会，部党组书记、部长韩俊出席会议并讲话。会议要求，要抓实抓好"三 秋"生产重点工作，毫不放松抓好秋粮收获，确保"颗粒归仓"，着力抓好冬小麦生产，持续巩固冬油菜扩种成果，确保冬小麦、冬油菜种足种满。要稳定"菜 篮子"产品生产供给，抓好冬春蔬菜稳产保供，强化生猪产能综合调控，持续抓好肉牛奶牛产业纾困，切实做好保供稳价工作。要严抓 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600810 证券简称：神马股份 公告编号：2025-088 ● 公司第十一届董事会第六十一次会议于2025年9月25日审议通过了《关于收购控股子公司河南神马尼 龙化工有限责任公司部分少数股东股权及放弃优先受让权的议案》，该事项无需提交股东大会审议。 神马实业股份有限公司关于收购控股子公司 河南神马尼龙化工有限责任公司部分少数股东 股权及放弃优先受让权的公告 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： ● 神马实业股份有限公司（以下简称"公司"、"本公司"、"上市公司"）拟收购金石制造业转型升级新材 料基金（有限合伙）（以下简称"金石基金"）持有的本公司之控股子公司河南神马尼龙化工有限责任公 司（以下简称"尼龙化工"）2.16%少数股东股权（对应9,455.63万股）。股权交易事项完成后，本公司持 有尼龙化工股权由72.06%增加至74.22%，金石基金持有尼龙化工股权由5.39%减少至3.23%，剩余股权 由河南中原平煤神马接续基金有限公司承接， ...

Core Viewpoint - *ST Tianmao's stock will be delisted from the Shenzhen Stock Exchange, with the decision effective immediately, and the stock will be removed within five trading days [1][2]. Group 1: Delisting Announcement - On September 25, *ST Tianmao received a notice from the Shenzhen Stock Exchange regarding the termination of its stock listing [1]. - The stock will not enter a delisting transition period and will be delisted within five trading days from the announcement [2]. Group 2: Shareholder Meeting and Cash Option - On August 25, *ST Tianmao held an extraordinary general meeting where shareholders approved the decision to voluntarily terminate the stock listing [5]. - The company initiated a cash option mechanism to protect investors, allowing eligible A-share shareholders to exercise cash options at a price of 1.60 yuan per share, with a total of 1,442,279,537 cash options effectively declared during the application period [5]. - The total funding required for the cash options is approximately 2.3 billion yuan [5]. Group 3: Post-Delisting Arrangements - After delisting, *ST Tianmao's shares will be transferred to the National Equities Exchange and Quotations system for trading [6]. - The company has appointed Changcheng Guorui as the agency to manage the share transfer services [6].

Core Viewpoint - The Henan Provincial Government has decided to implement a strategic restructuring of Henan Energy Group and China Pingmei Shenma Group, which will not significantly impact the operations of the involved companies [1][3][6][9][12]. Group 1: Company Announcements - Pingmei Shares announced that it received notification from its controlling shareholder, China Pingmei Shenma Group, regarding the strategic restructuring decision by the Henan Provincial Government. As of September 20, the group holds approximately 1.151 billion shares, accounting for 46.62% of the company [1]. - Shenma Shares also confirmed the receipt of the same notification and stated that the restructuring will not change the controlling shareholder or the actual controller of the company [3][4]. - Yicheng New Energy reported that its controlling shareholder holds about 826 million shares, representing 44.0935% of the company, and the restructuring will not have a significant impact on its operations [6][7]. - Silane Technology announced that its controlling shareholder holds approximately 232 million shares, accounting for 54.90%, and the restructuring will not affect its normal operations [9][10]. - Dayou Energy received a notification from Henan Energy Group regarding the restructuring, confirming that the actual controller will remain unchanged [12]. Group 2: Background Information - China Pingmei Shenma Group was formed through the merger of Pingmei Group and Shenma Group in December 2008, and it currently controls four listed companies: Pingmei Shares, Shenma Shares, Yicheng New Energy, and Silane Technology [14]. - Henan Energy Group, established through two strategic restructurings in December 2008 and September 2013, is a key state-owned enterprise in Henan Province with a registered capital of 21 billion yuan and coal resource reserves of 28.4 billion tons [15].

Group 1: Strategic Restructuring - Pingmei Shenma and Shenneng Group announced plans for strategic restructuring by the controlling shareholders, which will not significantly impact their operations [1][1] - The restructuring will not change the controlling shareholders or the actual controllers of either company [1][1] Group 2: Capital Increase - Ganfeng Lithium plans to introduce investors for a capital increase of up to 2.5 billion yuan for its subsidiary, Ganfeng Lithium Technology [2] - The capital increase will be priced at 3 yuan per 1 yuan of registered capital, and the company will waive its preferential subscription rights [2] Group 3: Stock Trading Suspension - Upwei New Materials' stock has been suspended for verification due to multiple instances of abnormal trading fluctuations [3] - The company will conduct an investigation into the trading volatility and will resume trading after the verification process [3] Group 4: Earnings Forecast - Jihong Co. expects a net profit of 209 million to 222 million yuan for the first three quarters of 2025, representing a growth of 55% to 65% year-on-year [4] - The growth is attributed to significant increases in revenue and profit from cross-border social e-commerce and improved operational efficiency in the packaging business [4] Group 5: Fundraising and Projects - Hanyu Pharmaceutical plans to raise up to 968 million yuan through a private placement for various projects including peptide drug production and R&D upgrades [5] - Water Development Gas received acceptance for its securities issuance application from the Shanghai Stock Exchange [6] Group 6: Important Transactions - Tianqi Model's controlling shareholders signed a share transfer agreement to transfer 162 million shares, which will change the controlling shareholder to Jianfa Wanyu [7] - The transaction is expected to lead to a change in the actual controller to the Urumqi Economic and Technological Development Zone State-owned Assets Supervision and Administration Commission [7] Group 7: Investment Projects - Dongfang Yuhong signed an investment agreement to invest 600 million yuan in a new materials industry chain project in Nanning, Guangxi [9] - The project includes mining, processing, and product development [9] - Changqing Group plans to invest 571 million yuan in the second phase of its cogeneration project in Maoming [9]

Core Viewpoint - The article discusses the strategic restructuring of two major energy companies in Henan Province, China, namely China Pingmei Shenma Group and Henan Energy Group, which is expected to impact their listed subsidiaries [3][4]. Group 1: Company Overview - Henan Province is a significant energy-producing region in China, with a history of high coal production. The "2024 China Top 500 Enterprises" list includes 13 companies from Henan, with China Pingmei Shenma Group and Henan Energy Group ranking among the top four [9]. - China Pingmei Shenma Group was formed through the merger of two major state-owned enterprises in 2008, focusing on coal and chemical industries, with assets exceeding 280 billion yuan [9][10]. - Henan Energy Group was established through multiple strategic mergers, currently holding a registered capital of 21 billion yuan and employing approximately 137,000 people, with coal reserves of 28.4 billion tons [10][11]. Group 2: Financial Performance - In 2024, China Pingmei Shenma Group reported revenues of 168.8 billion yuan, while Henan Energy Group's revenues were 121 billion yuan [11]. - The top four coal enterprises in terms of revenue for 2024 include Shandong Energy Group (866.4 billion yuan), Nengjia Energy Investment Group (774.8 billion yuan), and others, indicating a competitive landscape [11]. Group 3: Strategic Restructuring - The strategic restructuring of China Pingmei Shenma Group and Henan Energy Group is being implemented by the Henan Provincial Government, with announcements made by their respective listed subsidiaries [4][12]. - The restructuring is not expected to significantly impact the operational activities of the involved companies, as the control remains with the Henan Provincial State-owned Assets Supervision and Administration Commission [13].