Core Insights - The lithium iron phosphate (LFP) material prices have plummeted from 173,000 yuan/ton to 34,000 yuan/ton between the end of 2022 and August 2025, marking an 80.2% decline, leading to over 36 months of continuous losses in the industry [1] - The LFP industry is experiencing a dichotomy, with surging demand from electric vehicle and energy storage batteries on one side, and three consecutive years of losses and an average debt ratio of 67.7% on the other [1][2] - The industry faces a structural supply-demand imbalance and a lack of bargaining power within the supply chain, complicating the cost transmission from raw materials to LFP producers [3] Industry Challenges - The LFP sector is currently the most competitive segment within the lithium battery supply chain, with six out of seven leading companies having an average debt ratio of 67.7% [2] - The core issue causing the industry's predicament is the dual challenge of structural supply-demand imbalance and a lack of bargaining power in the supply chain [3] - There is a significant disparity between excess low-end capacity and a shortage of high-end products, leading to fierce price competition in the low-end market [3] Technological Hurdles - The industry must focus on technological upgrades to maintain its competitive edge against sodium-ion and solid-state batteries [4] - Key areas for technological iteration include ultra-high density, fast charging capabilities, and low-temperature performance, but funding constraints hinder the industrialization of advanced technologies [4] - The low entry barriers in the industry have resulted in some companies lacking core technological capabilities, forcing them to compete on price in the low-end market, which further depresses overall profitability [4] Collaborative Solutions - The "anti-involution" movement in the LFP industry requires collaborative efforts across the entire supply chain [6] - The China Chemical and Physical Power Industry Association has released a cost index system for the LFP industry to provide transparent value references for companies and support government regulation [6] - A shift from price competition to value competition is necessary, requiring consensus among mining, material, battery, and end-use companies to share cost pressures and establish a healthy price transmission mechanism [6]

Core Insights - The lithium battery industry is experiencing strong growth, with China's lithium-ion battery exports reaching $55.38 billion from January to September 2025, a year-on-year increase of 26.75% [1] - The domestic penetration rate of new energy vehicles has surpassed 45%, and energy storage installations have surged by 60% year-on-year, indicating a potential industry output value exceeding 3 trillion yuan [1] - However, the phosphoric iron lithium materials sector is facing structural challenges, including overcapacity and intense homogenization competition, leading to significant pressure on profits [1] Cost Structure Analysis - The average cost range for phosphoric iron lithium materials is estimated to be between 15,714.8 yuan/ton and 16,439.3 yuan/ton (excluding tax), based on a single sintering process and specific density parameters [2] - The cost structure reveals that the main material accounts for 35%-40% of total costs, with energy costs and direct expenses each contributing approximately 19%, while period expenses account for 16% and auxiliary material costs only 5%-6% [2] Strategies for Improvement - Industry participants discussed various strategies for cost reduction and innovation, including establishing long-term procurement partnerships with upstream suppliers and implementing centralized purchasing to lower main material costs [3] - Optimizing sintering processes to enhance energy efficiency and reduce production losses, as well as streamlining management structures to control period expenses, were highlighted as key areas for improvement [3] - Research into alternative materials for carbon sources and binders was suggested to further reduce costs while maintaining performance, addressing the high proportion of main material costs [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会、全体董事及相关股东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： ● 高级管理人员持股的基本情况：截至本公告披露日，中国化学工程股份有限公司（以下简称"公司"） 总经理助理聂宁新先生持有公司股份240,000股，占公司总股本的0.0039%。 ● 集中竞价减持计划的主要内容：自公告披露之日起15个交易日后的3个月内（法律法规禁止减持的期 间除外），聂宁新先生拟通过集中竞价方式减持其所持公司股份不超过60,000股，未超过其所持公司股 份总数的25%，减持价格按照减持实施时的市场价格确定。 一、减持主体的基本情况 ■ 上述减持主体无一致行动人。 二、减持计划的主要内容 ■ 预披露期间，若公司股票发生停牌情形的，实际开始减持的时间根据停牌时间相应顺延。 (一)相关股东是否有其他安排 □是 √否 (二)大股东及董监高此前对持股比例、持股数量、持股期限、减持方式、减持数量、减持价格等是否作 出承诺 □是 √否 (三)本所要求的其他事项：无 三、减持计划相关风险提示 (一)减持计 ...

Core Insights - On November 18, several companies disclosed their shareholding changes, with 康缘药业, 超达装备, and 海大集团 announcing share buybacks, while 15 companies, including 立达信 and 艾布鲁, reported share reductions [1][2]. Group 1: Share Buybacks - 康缘药业's actual controller and director, 肖伟, increased his shareholding by 20,000 shares [2]. - 超达装备 secured a stock repurchase loan commitment from China Bank for up to 450 million yuan [2]. - 海大集团 plans to repurchase shares worth no less than 1 billion yuan and up to 1.6 billion yuan [2]. Group 2: Share Reductions - 立达信's shareholder, 李春华, intends to reduce his stake by no more than 1.56% [2]. - 艾布鲁's controlling shareholder, 钟儒波, plans to reduce his stake by no more than 3% [2]. - 高德红外's actual controller, 黄立, aims to reduce his stake by no more than 3% [2]. - 嘉美包装's shareholders plan to collectively reduce their stake by no more than 1.16% [2]. - 蓄奥规划's shareholders intend to reduce their stake by no more than 1% [2]. - 君逸数码's shareholder, 成都高创投, plans to reduce his stake by no more than 1% [2]. - 联合水务's shareholder, 上海衡联, intends to reduce his stake by no more than 0.14% [2]. - 亚翔集成's second-largest shareholder has reduced 130,000 shares and is still in the reduction period [2]. - 芯朋微's controlling shareholder, 张立新, has terminated his reduction plan early [2]. - 安旭生物's shareholder, 马华祥, plans to reduce his stake by no more than 0.94% [2]. - 农心科技's shareholder, 宁波农旗, intends to reduce his stake by no more than 0.54% [2]. - 禾川科技's actual controller and others plan to reduce their stake by no more than 6% [2]. - 世龙实业's shareholder, 电化高科, plans to reduce his stake by no more than 3% [2]. - 中国化学's executive, 聂宁新, intends to reduce his stake by no more than 60,000 shares [2]. - 鸿泉技术's shareholder, 千方科技, plans to reduce his stake by no more than 3% [2].

证券日报网讯 11月18日晚间，中国化学发布公告称，截至本公告披露日，中国化学工程股份有限公司 （以下简称"公司"）总经理助理聂宁新先生持有公司股份240，000股，占公司总股本的0.0039%。集中 竞价减持计划的主要内容：自公告披露之日起15个交易日后的3个月内（法律法规禁止减持的期间除 外），聂宁新先生拟通过集中竞价方式减持其所持公司股份不超过60，000股，未超过其所持公司股份 总数的25%，减持价格按照减持实施时的市场价格确定。 （文章来源：证券日报） ...

中国化学11月18日晚间公告，公司总经理助理聂宁新基于个人资金需求，计划自公告披露之日起15个交 易日后的3个月内，通过集中竞价方式减持公司股份不超过6万股，即不超过公司总股本的0.00098%。 减持价格将根据减持时的市场价格确定。 ...

2025年1至6月份，中国化学的营业收入构成为：化学工程占比82.46%，基础设施占比10.04%，其他行 业占比5.32%，现代服务业占比0.89%，其他业务占比0.72%。 每经AI快讯，中国化学（SH 601117，收盘价：7.74元）11月18日晚间发布公告称，截至本公告披露 日，中国化学工程股份有限公司总经理助理聂宁新先生持有公司股份24万股，占公司总股本的 0.0039%。自公告披露之日起15个交易日后的3个月内，聂宁新先生拟通过集中竞价方式减持其所持公 司股份不超过6万股，未超过其所持公司股份总数的25%，减持价格按照减持实施时的市场价格确定。 截至发稿，中国化学市值为473亿元。 每经头条（nbdtoutiao）——段睿：我与蔡磊是 "找钥匙的人"，纵使生前寻不到，也要为其他渐冻症患 者铺就近路 （记者 王晓波） ...

证券代码：601117 证券简称：中国化学 公告编号：2025-057 中国化学工程股份有限公司 关于高级管理人员减持股份计划公告 本公司董事会、全体董事及相关股东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： 高级管理人员持股的基本情况：截至本公告披露日，中国 化学工程股份有限公司（以下简称"公司"）总经理助理聂宁新 先生持有公司股份 240,000 股，占公司总股本的 0.0039%。 集中竞价减持计划的主要内容：自公告披露之日起 15 个 交易日后的 3 个月内（法律法规禁止减持的期间除外），聂宁新 先生拟通过集中竞价方式减持其所持公司股份不超过 60,000 股， 未超过其所持公司股份总数的 25%，减持价格按照减持实施时的 市场价格确定。 (三)本所要求的其他事项：无 三、减持计划相关风险提示 1 股东名称 聂宁新 股东身份 控股股东、实控人及一致行动人 □是 √否 直接持股 5%以上股东 □是 √否 董事、监事和高级管理人员 √是 □否 一、减持主体的基本情况 | | 其他： | | --- | --- | | 持股数 ...

格隆汇11月18日丨中国化学(601117.SH)公布，自公告披露之日起15个交易日后的3个月内（法律法规禁 止减持的期间除外），总经理助理聂宁新先生拟通过集中竞价方式减持其所持公司股份不超过60,000 股，未超过其所持公司股份总数的25%，减持价格按照减持实施时的市场价格确定。 ...

格隆汇11月18日丨中国化学(601117.SH)公布,自公告披露之日起15个交易日后的3个月内（法律法规禁止 减持的期间除外），聂宁新先生拟通过集中竞价方式减持其所持公司股份不超过6万股，未超过其所持 公司股份总数的25%，减持价格按照减持实施时的市场价格确定。 ...