Market Performance - The glass and fiberglass sector increased by 4.03% on February 3, with Jinjing Technology leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] Stock Performance - Jinjing Technology (600586) closed at 6.40, up 9.97%, with a trading volume of 1.0483 million shares and a transaction value of 650 million [1] - International Composites (301526) closed at 9.49, up 9.71%, with a trading volume of 2.4664 million shares and a transaction value of 2.303 billion [1] - Reascend Technology (603601) closed at 12.82, up 8.55%, with a trading volume of 2.5382 million shares and a transaction value of 3.205 billion [1] - Other notable stocks include Qibin Group (601636) at 7.11 (+6.60%), Jiuding New Materials (002201) at 14.18 (+5.51%), and Yaopi Glass (600819) at 8.62 (+5.12%) [1] Capital Flow - The glass and fiberglass sector saw a net inflow of 640 million from main funds, while retail funds experienced a net outflow of 262 million [2] - The main funds' net inflow for Reascend Technology was 366 million, while Jinjing Technology had a net inflow of 169 million [3] - International Composites and Jiuding New Materials also saw net inflows of 69.83 million and 64.88 million, respectively [3]

Group 1 - Qibin Group announced that as of January 31, 2026, it has repurchased approximately 28 million shares, accounting for 1.0435% of the total share capital before the buyback of approximately 2.684 billion shares [1] - The repurchased shares represent 0.9465% of the total share capital of approximately 2.959 billion shares as of January 31, 2026 [1] - The highest purchase price for the repurchased shares was 7.21 CNY per share, while the lowest was 5.87 CNY per share, with a total expenditure of approximately 196 million CNY for the buyback [1] Group 2 - Baolide, a major automotive sales giant known for selling luxury cars such as Rolls-Royce and Porsche, is now undergoing bankruptcy liquidation [1] - The headquarters in Hangzhou has been vacated, and the subsidiary in Yiwu has been sealed [1]

株洲旗滨集团股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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： | 回购方案首次披露日 | 2025/9/26，由董事会提议 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 9 月 | 2025 年 25 | 日~2026 | 年 | 9 | 月 24 日 | | 预计回购金额 | 10,000万元~20,000万元 | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | | | □用于转换公司可转债 | | | | | | | | □为维护公司价值及股东权益 | | | | | | | 累计已回购股数 | 2,800.34万股 | | | | | | | 累计已回购股数占总股本比例 | | 0.9465% | | | | | | 累计已回购金额 | 19,623.70万元 | | | | | | | 实际回购价 ...

格隆汇2月2日丨旗滨集团(601636.SH)公布，截至2026年1月31日，公司已累计回购公司股份28,003,416 股，占2026年1月31日公司股本总额2,958,653,728股的0.9465%，购买的最高价为7.21元/股、最低价为 5.87元/股，回购累计已支付的总金额为人民币196,237,018.07元（不含交易费用）。 ...

格隆汇2月2日｜旗滨集团公告称，公司于2025年9月25日起以集中竞价交易方式回购股份，预计金额1-2 亿元，用于员工持股计划或股权激励。截至2026年1月31日，已累计回购2800.34万股，占总股本 0.9465%，累计已回购金额1.96亿元，实际回购价格区间为5.87-7.21元/股，本次回购累计使用资金占拟 回购资金总额上限的98.12%。 ...

证券之星消息，2月2日玻璃玻纤板块较上一交易日下跌4.24%，中材科技领跌。当日上证指数报收于 4015.75，下跌2.48%。深证成指报收于13824.35，下跌2.69%。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) | | --- | --- | --- | --- | --- | --- | | 603601 | 再升科技 | 11.81 | 4.33% | 195.69万 | 23.36亿 | | 600586 | 金晶科技 | 5.82 | 2.28% | 77.10万 | 4.49 Z | | 601112 | C振石 | 21.53 | -0.69% | 50.40万 | 10.78亿 | | 002613 | 北玻股份 | 3.89 | -0.77% | 15.77万 | 6207.14万 | | 002201 | 九鼎新材 | 13.44 | -0.96% | 61.48万 | 8.42 Z | | 301526 | 国际复材 | 8.65 | -1.03% | 168.28万 | 14.81亿 | | 600876 | 凯盛 ...

资料显示，株洲旗滨集团股份有限公司位于广东省深圳市南山区桃源街道龙珠四路2号方大城T1栋36 楼，成立日期2005年7月8日，上市日期2011年8月12日，公司主营业务涉及玻璃及玻璃制品生产、销 售。主营业务收入构成为：超白光伏玻璃43.59%，优质浮法玻璃37.93%，节能建筑玻璃14.87%，其他 功能玻璃2.39%，其他(补充)1.18%，物流0.04%。 1月30日，旗滨集团跌2.64%，成交额5.38亿元。两融数据显示，当日旗滨集团获融资买入额4056.27万 元，融资偿还7217.60万元，融资净买入-3161.33万元。截至1月30日，旗滨集团融资融券余额合计3.03 亿元。 融资方面，旗滨集团当日融资买入4056.27万元。当前融资余额2.96亿元，占流通市值的1.43%，融资余 额低于近一年10%分位水平，处于低位。 融券方面，旗滨集团1月30日融券偿还6700.00股，融券卖出1000.00股，按当日收盘价计算，卖出金额 7010.00元；融券余量90.70万股，融券余额635.81万元，超过近一年70%分位水平，处于较高位。 分红方面，旗滨集团A股上市后累计派现79.20亿元。近三年，累 ...

Investment Rating - The report maintains an "Outperform" rating for the construction materials sector, indicating a positive outlook for the industry [2]. Core Views - The construction materials sector is expected to benefit from a new round of urban renewal, with significant potential in the consumer building materials segment as it shows resilience against the declining demand in the new housing market [2][9]. - The industry is witnessing a consolidation trend, with leading companies emerging from the profit trough, while smaller firms are being eliminated due to declining profitability [2][9]. - Price increases have been observed in various segments, including waterproofing, coatings, and gypsum board, as companies adjust their strategies post-downturn [2][9]. Summary by Sections Cement - The cement market is entering a traditional off-season, with demand expected to weaken. The average price is around 350 RMB per ton, showing a slight decrease of 2.7 RMB per ton [25][32]. - The average shipment rate for cement companies has increased by approximately 3 percentage points, reaching about 32% [27][32]. - Recommendations include companies like Huaxin Cement and Conch Cement, with a focus on potential new projects post-Chinese New Year [32]. Glass - The glass sector is also entering a demand lull, with the average price of float glass at 1,145 RMB per ton, reflecting a weekly increase of 6 RMB [34]. - Inventory levels have decreased, with a reported stock of approximately 4,927 million weight boxes, down by 1% week-on-week [34]. - Companies to watch include Qibin Group and Xinyi Glass, as the industry anticipates a stabilization point after recent downturns [34][46]. Fiberglass - The fiberglass market is expected to maintain stable prices in the short term, with a potential for price increases post-holiday due to stable demand in wind power and thermoplastic sectors [9][12]. - The price of electronic cloth is currently stable, with expectations for continued high demand in mid-to-high-end products [12]. - Key recommendations include China Jushi and International Composites, with a focus on their growth potential [9][12]. Carbon Fiber - Carbon fiber prices are stable, with the commercial aerospace sector expected to drive new demand growth in 2026 [12][15]. - The industry is currently facing profitability pressures, but the development of commercial aerospace may provide new opportunities [12][15]. - Companies to monitor include Zhongfu Shenying and Guangwei Composites, as they may benefit from this emerging demand [12][15].

Core Insights - The construction materials industry is currently at a low valuation level, with a focus on urban renewal and related opportunities. The allocation ratio for construction materials in Q4 2025 is 0.72%, an increase of 0.11 percentage points from Q3 2025, indicating significant potential for valuation recovery [6][15]. Group 1: Urban Renewal and Market Dynamics - The Ministry of Natural Resources and the Ministry of Housing and Urban-Rural Development issued a notice on January 20, 2026, to support urban renewal actions, providing specific operational guidelines for the "14th Five-Year Plan" urban renewal strategy. This includes a focus on "two renewals and two new projects," emphasizing the construction of underground pipelines and comprehensive utility tunnels [24]. - Companies involved in urban renewal and the renovation of old neighborhoods, such as Dongfang Yuhong, Keshun Co., Sankeshu, Weixing New Materials, and China Liansu, are recommended for attention [24]. Group 2: Construction Materials Sector Overview - The construction materials sector is experiencing a recovery in profitability, with expectations for continued improvement in 2026. The supply-side adjustments and structural changes in demand are expected to support this recovery [37]. - The cement market saw a 0.8% decrease in prices week-on-week, with the national average price at 345 RMB/ton as of January 30, 2026. The industry is currently at a historical low valuation, with companies like Huaxin Cement, Conch Cement, and Shafeng Cement recommended for investment [6][38]. Group 3: Key Company Developments - Keshun Co. established a semiconductor company to explore a second growth curve, focusing on integrated circuit chips and related technologies [20]. - Weixing New Materials plans to acquire an 88.26% stake in Beijing Songtiancheng Technology Co., enhancing its capabilities in municipal pipeline systems and expanding its market reach [23]. - Leading companies in the construction materials sector, such as Sankeshu and Huaxin Cement, are expected to report significant profit growth in 2025, driven by strong operational resilience and strategic adjustments [25][27].

截至2026年1月30日收盘，旗滨集团（601636）报收于7.01元，较上周的6.95元上涨0.86%。本周，旗滨 集团1月29日盘中最高价报7.34元。1月30日盘中最低价报6.78元。旗滨集团当前最新总市值207.4亿元， 在玻璃玻纤板块市值排名6/16，在两市A股市值排名1020/5184。 本周关注点 业绩披露要点 公司使用闲置自有资金进行委托理财，本次投资金额118,000万元，涉及12笔银行理财产品，产品类型 为保本浮动收益型结构性存款，期限在25至52天之间，受托方包括中国光大银行、浦发银行、中国银 行、交通银行等。资金来源为自有资金，不影响公司正常经营。截至2026年1月27日，最近十二个月累 计委托理财金额904,800万元，已收回786,800万元，尚未收回本金余额118,000万元。理财额度经董事会 及股东大会审议通过，单日最高余额不超过20亿元。 公司制定并发布了《株洲旗滨集团股份有限公司套期保值管理制度（2026年1月修订）》，明确仅以规 避原材料、产成品价格波动风险为目的，开展与生产经营相关的纯碱、白银、锡、铂金、玻璃等品种的 期货套期保值业务。制度规定不得进行投机交易，资金来源 ...