1月15日，杉杉股份（维权）盘中上涨2.03%，截至09:53，报13.60元/股，成交2.66亿元，换手率 1.08%，总市值305.92亿元。 资金流向方面，主力资金净流入1297.14万元，特大单买入2027.57万元，占比7.64%，卖出1388.46万 元，占比5.23%；大单买入5342.50万元，占比20.12%，卖出4684.48万元，占比17.64%。 杉杉股份今年以来股价涨0.67%，近5个交易日跌2.86%，近20日涨5.02%，近60日涨1.04%。 分红方面，杉杉股份A股上市后累计派现30.79亿元。近三年，累计派现11.09亿元。 机构持仓方面，截止2025年9月30日，杉杉股份十大流通股东中，香港中央结算有限公司位居第六大流 通股东，持股3060.07万股，相比上期减少276.19万股。南方中证500ETF（510500）位居第七大流通股 东，持股2289.56万股，相比上期减少46.12万股。广发国证新能源车电池ETF（159755）位居第八大流 通股东，持股1781.84万股，为新进股东。 责任编辑：小浪快报 资料显示，宁波杉杉股份有限公司位于浙江省宁波市鄞州区日丽中路777 ...

证券代码：600884 证券简称：杉杉股份 公告编号：2026-001 宁波杉杉股份有限公司 关于控股股东部分持股被司法裁定执行 暨权益变动触及 1%刻度的提示性公告 杉杉集团有限公司保证向本公司提供的信息真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 一、 本次执行裁定的基本情况 2025 年 2 月 24 日，因上海海毅供应链管理有限公司（下称"上海海毅公司"） 与杉杉控股有限公司、杉杉集团有限公司（下称"杉杉集团"）、宁波朋泽贸易有 限公司、宁波市鄞州捷伦投资有限公司借款合同纠纷一案，山东省青岛市中级人 民法院（下称"青岛中院"）作出（2025）鲁 02 执 343 号之三执行裁定书，裁定 将杉杉集团信用账户中的 65,230,000 股宁波杉杉股份有限公司（下称"公司"） 股票予以强制平仓，平仓数量以了结国泰君安证券股份有限公司宁波广福街证券 营业部（下称"国泰君安"）对杉杉集团的融资融券所产生的债权为限；在平仓 处置了结后，将杉杉集团信用账户的剩余股票、资金等全部划转到杉杉集团名下 普通账户，同时将该普通账 ...

转自：前瞻产业研究院 以下数据及分析来自于前瞻产业研究院石墨负极材料行业研究小组发布的《中国锂电池石墨负极材料行 业发展前景预测与投资战略规划分析报告》 石墨负极材料行业主要上市公司：贝特瑞(920185);杉杉股份(600884);璞泰来(603659);翔丰华(300890);尚 太科技(001301);国民技术(300077);中科电气(300035);科达制造(600499)等 本文核心数据：中国石墨负极材料国家政策汇总;中国石墨负极材料各省市政策汇总;各省市石墨负极材 料发展目标 1、政策历程图 "十二五"以来，国家支持发展新材料、新能源汽车等行业，石墨负极材料属于新材料行业，是国家重点 发展的产品之一。新能源汽车行业是石墨负极材料的重点应用领域之一，国家支持新能源汽车行业的发 展，也间接带动了石墨负极材料的发展。 2、国家层面政策汇总及解读 ——国家层面石墨负极材料行业政策汇总 2016年以来，《轻工业发展规划(2016-2020年)》《关于推动能源电子产业发展的指导意见》《锂电池行 业规范条件(2024年本)》等政策相继出台，鼓励发展石墨负极材料，同时规范行业生产经营和进出口。 中国石墨负极材料 ...

Core Viewpoint - The recent announcement by the Ministry of Finance and the State Taxation Administration to cancel export VAT rebates for photovoltaic and battery products is seen as a significant measure in the "anti-involution" actions within the new energy sectors, aimed at addressing the industry's profitability issues and promoting higher value-added products [5][6][8]. Industry Overview - The new energy photovoltaic and lithium battery industries have been facing challenges due to mismatched supply and demand and intense price competition, leading to weak profitability across the sector [3]. - Since 2025, there have been ongoing calls within the lithium battery sector to resist vicious competition, control capacity growth, and enhance technological innovation [3]. Policy Changes - Starting from April 1, 2026, the export VAT rebate for photovoltaic products will be canceled, and the rebate rate for battery products will be reduced from 9% to 6% until the end of 2026, after which it will be completely eliminated [1][5]. - The Ministry of Industry and Information Technology and other regulatory bodies have proposed 20 measures to regulate industry competition, including tightening approvals for low-capacity projects and establishing a cost-based price monitoring mechanism [4]. Market Reactions - Following the announcement, the stock performance of key players in the lithium battery sector showed significant volatility, with leading companies like CATL experiencing declines, while some photovoltaic companies saw substantial gains [1]. - The cancellation of export VAT rebates is expected to lead to an increase in the cost and price of Chinese photovoltaic components in overseas markets, which may help clear out low-end production capacity [8]. Price Trends - The prices of lithium carbonate futures have surged to over 160,000 yuan per ton, compared to 60,000 yuan per ton in June 2025, indicating a significant recovery in the battery materials market [6]. - The demand for upstream materials remains strong, with companies reporting full production capacity and no immediate adjustments in order volumes from downstream clients [7]. Future Outlook - The upcoming policy changes are anticipated to drive a surge in orders for photovoltaic components before the new VAT regulations take effect, although this demand may be temporary [7]. - Long-term, the cancellation of export VAT rebates is expected to facilitate industry consolidation and price normalization, benefiting the overall market structure [8].

记者丨费心懿编辑丨骆一帆 1月12日开盘，新能源光伏、锂电板块震荡，个股走势显著分野。 锂电龙头宁德时代（300750.SZ；3750.HK）H股下跌3%，A股早盘一度跌超4%；德方纳米（300769.SZ）涨2.47%；湖南裕能 （301358.SZ）则下跌2.37%。光伏板块，迈为股份（300751.SZ）、捷佳伟创（300724.SZ）涨超10%；天合光能 （688599.SH）、海优新材（688680.SH）涨超8%。 | 名称 | 现价 | 涨跌幅 √ | | --- | --- | --- | | 东方日升 | 19.50 c | 14.84% | | 迈为股份 | 233.73 c | 13.38% | | 捷佳伟创 | 116.55 c | 12.77% | | 美辰股份 | 38.36 c | 10.01% | | 金晶科技 | 6.71 c | 10.00% | | 国晟科技 | 23.43 c | 10.00% | | 航天机电 | 22.79 с | 9.99% | | 奧特维 | 61.11 c | 8.81% | | 海优新材 | 49.53 c | 8.67% | | 天合光能 ...

记者丨 费心懿 编辑丨 骆一帆 这被视为， 此前新能源两大行业"反内卷"行动的一次举措。 近两年来，新能源光伏、锂电两 大产业受制于供需关系错配和激烈的价格竞争，导致行业普遍盈利能力不强。叠加产业周期影 响，正将行业推入前所未有的深度博弈。在此背景下，新能源光伏、锂电行业推出了一系列以 扩需求、调价格、控产能为主线"反内卷"行动。 出口退税政策退坡 21世纪经济报道记者注意到，2025年以来，锂电各环节的"反内卷"呼吁不断，包括磷酸铁锂、 隔膜、铜箔、六氟磷酸锂等环节多次召开行业会议，提出抵制恶性竞争、控制产能无序增长、 加强产能合作、深化科技创新等倡议。市场端，电解液、正负极材料及隔膜环节企业先后公告 调价，以促进产品价格回归正常曲线， 多家磷酸铁锂企业发布停产检修试图挺价。 | 中华人民共和国财政部 税政司 | | --- | | Ministry of Finance of the People's Republic of China | | 请输入关键字 2026年01月12日 星期一 税政司 搜索 汉回手站 | | 当前位置:首页>政策发布 | | 关于调整光伏等产品出口退税政策的公告 | | 财政 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 301511 | 德福科技 | 32.26 | -9.10% | 80.69万 | 25.60亿 | | 300619 | 金银河 | 45.38 | -4.98% | 17.87万 | 8.22亿 | | 600884 | 杉杉股份 | 13.33 | -3.82% | 138.41万 | 18.55 亿 | | 300450 | 先导智能 | 56.24 | -3.70% | 135.95万 | 76.42 亿 | | 603659 | 璞泰来 | 26.95 | -2.74% | 48.21万 | 12.98 Z | | 002850 | 科达利 | 162.13 | -2.69% | 8.56万 | 13.74亿 | | 001283 | 蒙腊科技 | 70.99 | -2.42% | 5.42万 | 3.84亿 | | 301358 | 湖南裕能 | 62.08 | -2.37% | 28.50万 | 17.74亿 | | 300953 ...

Core Viewpoint - The recent announcement by Fangda Carbon to withdraw from the restructuring of the Shanshan Group has added new uncertainties to the restructuring process of this well-known company valued in the billions, which is currently facing significant financial challenges [1][2]. Group 1: Company Restructuring - Fangda Carbon announced its withdrawal from the substantive merger and restructuring of Shanshan Group and its subsidiary, Ningbo Pengze Trading Co., Ltd., after previously participating in the restructuring process [1]. - The company incurred a loss of 50 million yuan as it had paid a due diligence deposit and engaged in various discussions regarding asset valuation and other key matters [1]. - The decision to withdraw was based on insufficient due diligence time and the inability to make a reasonable valuation of the target assets, leading to a cautious assessment of the associated risks [1]. Group 2: Financial Situation - Shanshan Group is facing a substantial debt burden, with liabilities estimated at around 50 billion yuan, and the total debts of the entire "Shanshan system" potentially exceeding 80 billion yuan [3]. - As of September 29, 2025, the confirmed debts of Shanshan Group and its subsidiary amounted to 33.55 billion yuan, with a short-term debt gap of 5.3 billion yuan [7]. - Despite the financial turmoil, Shanshan Co., Ltd. reported a revenue of 4.95 billion yuan for the third quarter of 2025, reflecting a year-on-year increase of 10.91%, and a net profit of 76.29 million yuan, which surged by 1253.04% [8]. Group 3: Market Reaction - Following Fangda Carbon's announcement to exit the restructuring, its stock price experienced a rise, increasing from 5.69 yuan per share on January 5 to 5.92 yuan per share by January 8 [2]. - Shanshan Co., Ltd. maintained a relatively stable stock performance, indicating that Fangda Carbon's withdrawal did not significantly impact its market position [2]. Group 4: Historical Context - The restructuring process has been complicated by internal family disputes following the death of the founder, Zheng Yonggang, which has led to a loss of trust among banks and market participants [6]. - The ongoing family power struggle culminated in a boardroom change in November 2024, but the company still faces significant operational challenges [6]. - The restructuring process has seen multiple rounds of investor recruitment, with the second round currently underway, as the company seeks to stabilize its financial situation [3][4].

Group 1 - The metal nickel sector experienced a decline of 0.99%, ranking among the top losers in the concept sector, with notable declines from companies like Greeenmei, Zhongwei Co., and Boqian New Materials [1] - Among the companies in the metal nickel sector, 8 stocks saw price increases, with China First Heavy Industries, Shanshan Co., and Zhejiang Fu Holding leading the gains at 10.07%, 4.56%, and 2.51% respectively [1] - The metal nickel sector faced a net outflow of 3.746 billion yuan in main funds, with 26 stocks experiencing net outflows, and 9 stocks seeing outflows exceeding 100 million yuan [2] Group 2 - The top net outflow in the metal nickel sector was from Greeenmei, which saw a net outflow of 750.28 million yuan, followed by Huayou Cobalt and Luoyang Molybdenum with outflows of 677.95 million yuan and 525.70 million yuan respectively [2][3] - The stocks with the highest net inflows included China First Heavy Industries, Shanshan Co., and Youyan Powder Materials, with inflows of 183 million yuan, 167 million yuan, and 5.509 million yuan respectively [2][3] - The trading volume for Greeenmei was 12.20%, while other companies like Huayou Cobalt and Luoyang Molybdenum had trading volumes of 3.88% and 1.24% respectively [3]

Market Size and Forecast - The global lithium battery cathode material shipment is expected to reach 4.798 million tons by 2025, a year-on-year increase of 48.5%, with lithium iron phosphate (LFP) shipments at 3.654 million tons, growing by 67.2%, accounting for 78% of the total [2] - The shipment of ternary materials is projected to be 880,000 tons, with a slight increase of 4.3%, making up 16% of the total [2] - The main growth driver for lithium battery cathode materials is LFP, benefiting from the growth of the electric vehicle and energy storage markets [2] - The global lithium battery anode material shipment is expected to reach 2.723 million tons by 2025, a year-on-year increase of 48%, with artificial graphite accounting for 89.3% of the total [4] - The global lithium battery electrolyte shipment is projected to be 2.396 million tons by 2025, with a year-on-year growth of 53% [8] - The global lithium battery separator shipment is expected to reach 38.49 billion square meters by 2025, a year-on-year increase of 48.6% [10] Price Trends and Forecasts - The price of lithium battery cathode materials is expected to enter an upward cycle between 2026 and 2027 due to significant increases in raw material prices and improved supply-demand relationships [13] - The price of lithium battery anode materials is projected to rise in 2026-2027, driven by a rebound in upstream raw material prices and a concentration of orders among leading companies [14] - The price of lithium battery electrolytes is expected to rise in 2026-2027, primarily due to strong demand for lithium hexafluorophosphate and limited production capacity [17] - The price of separators is anticipated to increase in 2026-2027 due to growing demand from the power and energy storage markets, despite having reached cost price levels [18] Top 10 Companies in 2025 - The top 10 companies for lithium battery ternary cathode materials in China include Nantong Ruixiang, Rongbai Technology, and Bamo Technology [21] - The top 10 companies for lithium battery lithium iron phosphate cathode materials in China include Hunan Youneng, Defang Nano, and Wanrun New Energy [23] - The top 10 companies for lithium battery anode materials in China include BTR, Sanyuan Technology, and Zhongke Xingcheng [25] - The top 10 companies for lithium battery electrolyte in China include Tianci Materials, New Zobon, and Ruifeng New Materials [26] - The top 10 companies for lithium battery separators in China include Enjie, Xingyuan Materials, and Jinli Technology [28]