证券代码：603225 证券简称：新凤鸣 公告编号：2026-006 新凤鸣集团股份有限公司 一、 召开会议的基本情况 关于召开2026年第二次临时股东会的通知 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： (一) 股东会类型和届次 2026年第二次临时股东会 召开的日期时间：2026 年 2 月 5 日 14 点 00 分 召开地点：浙江省桐乡市梧桐街道履祥路 501 号公司二十四楼会议室 (五) 网络投票的系统、起止日期和投票时间。 股东会召开日期：2026年2月5日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 2 月 5 日 至2026 年 2 月 5 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9 ...

| 股票代码：603225 | 股票简称：新凤鸣 | | | 公告编号：2026-007 | | --- | --- | --- | --- | --- | | 转债代码：113623 | 转债简称：凤 | 21 | 转债 | | 新凤鸣集团股份有限公司 第六届董事会第四十五次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 新凤鸣集团股份有限公司（以下简称"公司"）第六届董事会第四十五次会 议于 2026 年 1 月 19 日以现场表决和通讯表决相结合的方式在公司二十四楼会议 室召开。本次董事会会议通知于 2026 年 1 月 14 日以电话方式发出。会议由董事 长庄耀中先生召集并主持，会议应出席董事 8 名，实际出席董事 8 名，公司高级 管理人员列席了本次会议。本次会议的召开和表决程序符合《中华人民共和国公 司法》《中华人民共和国证券法》和本公司章程的有关规定，合法有效。 二、董事会会议审议情况 会议审议通过了以下议案，并形成了决议： 本议案已经公司第六届董事会独立董事专门会议第 ...

人民财讯1月19日电，新凤鸣（603225）1月19日公告，全资孙公司独山能源以转让底价2.59亿元，通过 在浙江产权交易所公开竞拍的方式取得嘉兴市独山港开发建设有限公司持有的嘉兴港独山港口发展有限 责任公司(以下简称"独山港口发展")35%股权。本次交易旨在提升公司全资孙公司独山能源原材料供应 链的自主保障能力，扩大码头吞吐量，提高装卸效率，缩短货物周转时间，降低物流成本，为公司PTA 业务的原材料供应提供稳定、高效的运输通道，进一步增强供应链自主性和韧性。 ...

本次交易旨在提升公司全资孙公司独山能源原材料供应链的自主保障能力，扩大码头吞吐量，提高装卸 效率，缩短货物周转时间，降低物流成本，为公司PTA业务的原材料供应提供稳定、高效的运输通道， 进一步增强供应链自主性和韧性。 格隆汇1月19日丨新凤鸣(603225.SH)公布，2026年1月16日，独山能源与独山港开发建设签署《关于嘉 兴港独山港口发展有限责任公司的35%股权公开转让交易合同》，独山能源以转让底价人民币2.59亿 元，通过在浙江产权交易所公开竞拍的方式取得独山港开发建设持有的独山港口发展35%股权。 ...

Group 1 - The price spread for domestic key refining projects this week is 2439 CNY/ton, down 102 CNY/ton (4% decrease) compared to the previous week [1] - The price spread for foreign key refining projects this week is 1102 CNY/ton, down 58 CNY/ton (5% decrease) compared to the previous week [1] - The average PX price this week is 893.7 USD/ton, up 3.0 USD/ton compared to the previous week, with a price spread against crude oil of 422.9 USD/ton, down 18.1 USD/ton [2] Group 2 - The average prices for POY, FDY, and DTY in the polyester sector this week are 6657 CNY/ton, 6879 CNY/ton, and 7779 CNY/ton, respectively, with week-on-week increases of 107 CNY/ton, 129 CNY/ton, and 29 CNY/ton [1] - The weekly average profits for POY, FDY, and DTY are -61 CNY/ton, -179 CNY/ton, and -179 CNY/ton, with week-on-week changes of +79 CNY/ton, +93 CNY/ton, and +27 CNY/ton [1] - The inventory levels for POY, FDY, and DTY are 12.8 days, 17.4 days, and 23.2 days, with week-on-week changes of +1.1 days, -2.1 days, and -1.4 days [1] - The operating rate for long filaments is 90.3%, with a week-on-week increase of 0.1 percentage points [1]

Group 1 - The price spread for domestic key refining projects this week is 2439 CNY/ton, a decrease of 102 CNY/ton (down 4%) compared to the previous week [1] - The price spread for foreign key refining projects this week is 1102 CNY/ton, a decrease of 58 CNY/ton (down 5%) compared to the previous week [1] - The average price of PX this week is 893.7 USD/ton, an increase of 3.0 USD/ton compared to the previous week, with a price spread against crude oil of 422.9 USD/ton, a decrease of 18.1 USD/ton [2] Group 2 - The average prices for POY, FDY, and DTY in the polyester sector this week are 6657 CNY/ton, 6879 CNY/ton, and 7779 CNY/ton, with increases of 107 CNY/ton, 129 CNY/ton, and 29 CNY/ton respectively compared to the previous week [1] - The weekly average profits for POY, FDY, and DTY are -61 CNY/ton, -179 CNY/ton, and -179 CNY/ton, with increases of 79 CNY/ton, 93 CNY/ton, and 27 CNY/ton respectively compared to the previous week [1] - The inventory levels for POY, FDY, and DTY are 12.8 days, 17.4 days, and 23.2 days, with changes of +1.1 days, -2.1 days, and -1.4 days respectively compared to the previous week [1] Group 3 - The operating rate for long filaments is 90.3%, an increase of 0.1 percentage points compared to the previous week [1] - Domestic refined oil prices for gasoline, diesel, and aviation kerosene have decreased this week [2] - In the US, gasoline, diesel, and aviation kerosene prices have increased this week [2] Group 4 - Relevant listed companies in the private refining and polyester filament sector include Hengli Petrochemical (600346), Rongsheng Petrochemical (002493), Hengyi Petrochemical (000703), Tongkun Co., Ltd. (601233), and Xin Fengming (603225) [2]

1月16日，新凤鸣跌1.91%，成交额2.58亿元。两融数据显示，当日新凤鸣获融资买入额1551.42万元， 融资偿还2343.24万元，融资净买入-791.82万元。截至1月16日，新凤鸣融资融券余额合计1.62亿元。 融资方面，新凤鸣当日融资买入1551.42万元。当前融资余额1.59亿元，占流通市值的0.51%，融资余额 低于近一年40%分位水平，处于较低位。 截至1月9日，新凤鸣股东户数1.82万，较上期增加0.17%；人均流通股83421股，较上期减少0.17%。 2025年1月-9月，新凤鸣实现营业收入515.42亿元，同比增长4.77%；归母净利润8.69亿元，同比增长 16.53%。 分红方面，新凤鸣A股上市后累计派现17.33亿元。近三年，累计派现7.20亿元。 机构持仓方面，截止2025年9月30日，新凤鸣十大流通股东中，香港中央结算有限公司位居第九大流通 股东，持股1673.14万股，为新进股东。 责任编辑：小浪快报 融券方面，新凤鸣1月16日融券偿还2.57万股，融券卖出5500.00股，按当日收盘价计算，卖出金额11.30 万元；融券余量14.79万股，融券余额303.70万元，低于 ...

1. Report Industry Investment Rating - No information provided in the given content. 2. Core Viewpoints - The cost - end of polyester has strong support, and leading filament producers announced further production cuts. The domestic key large - scale refining and chemical projects' spread this week is 2439 yuan/ton, a week - on - week decrease of 102 yuan/ton (- 4%); the foreign key large - scale refining and chemical projects' spread is 1102 yuan/ton, a week - on - week decrease of 58 yuan/ton (- 5%) [2]. - In the polyester sector, the weekly average prices of POY/FDY/DTY are 6657/6879/7779 yuan/ton respectively, with week - on - week increases of 107/129/29 yuan/ton. The weekly average profits are - 61/- 179/- 179 yuan/ton respectively, with week - on - week increases of 79/93/27 yuan/ton. The inventory levels are 12.8/17.4/23.2 days respectively, with week - on - week changes of + 1.1/- 2.1/- 1.4 days. The filament operating rate is 90.3%, a week - on - week increase of 0.1 pct [2]. - In the refining sector, domestic refined oil prices (gasoline, diesel, and jet fuel) declined this week, while US refined oil prices (gasoline, diesel, and jet fuel) increased [2]. - In the chemical sector, the average PX price this week is 893.7 dollars/ton, a week - on - week increase of 3.0 dollars/ton. The spread compared to crude oil is 422.9 dollars/ton, a week - on - week decrease of 18.1 dollars/ton. The PX operating rate is 90.5%, a week - on - week increase of 1.6 pct [2]. 3. Summary by Directory 1. Big Refining and Chemical Weekly Data Briefing 3.1. Six Private Refining and Chemical Companies' Performance - **Stock price changes**: As of January 16, 2026, the petroleum and petrochemical index had a 1 - week change of - 0.3%, a 1 - month change of 8.3%, a 3 - month change of 13.1%, a 1 - year change of 15.1%, and a change of 11.7% since the beginning of 2025. Among private refining and chemical companies, Rongcheng Petrochemical had corresponding changes of 0.3%, 23.2%, 21.3%, 31.4%, and 30.0%; Hengli Petrochemical had 1.0%, 24.3%, 39.0%, 63.8%, and 58.4%; Hengyi Petrochemical had - 0.3%, 27.1%, 58.0%, 72.1%, and 68.0%; Tongkun Co., Ltd. had 4.2%, 27.8%, 35.2%, 55.6%, and 57.5%; Xin Fengming had 3.1%, 26.8%, 34.4%, 76.8%, and 88.1% [8]. - **Profit forecasts**: For 2024A - 2027E, Hengli Petrochemical's归母 net profit is expected to be 7.0, 8.0, 9.3, and 10.7 billion yuan respectively; Rongcheng Petrochemical's is expected to be 7, 19, 29, and 41 billion yuan respectively; Xin Fengming's is expected to be 1.1, 1.1, 1.7, and 2.3 billion yuan respectively; Tongkun Co., Ltd.'s is expected to be 1.2, 2.0, 3.5, and 4.0 billion yuan respectively; Hengyi Petrochemical's is expected to be 2, 4, 7, and 8 billion yuan respectively [8]. 3.2. Oil Prices and Refining and Chemical Spreads - **International crude oil**: The average price of Brent crude oil this week is 64.5 dollars/barrel, a week - on - week increase of 2.9 dollars/barrel (4.7%), and a year - on - year decrease of 20.2%. In yuan/ton, it is 3300.5 yuan/ton, a week - on - week increase of 143.4 yuan/ton (4.5%), and a year - on - year decrease of 22.2%. The average price of WTI crude oil is 60.0 dollars/barrel, a week - on - week increase of 2.2 dollars/barrel (3.8%), and a year - on - year decrease of 23.5%. In yuan/ton, it is 3085.1 yuan/ton, a week - on - week increase of 108.5 yuan/ton (3.6%), and a year - on - year decrease of 25.4% [8]. - **Refining and chemical spreads**: The spread of domestic refining and chemical projects this week is 2438.8 yuan/ton, a week - on - week decrease of 102.3 yuan/ton (- 4.0%) and a year - on - year increase of 3.1%. The spread of foreign refining and chemical projects is 1102.2 yuan/ton, a week - on - week decrease of 58.4 yuan/ton (- 5.0%) and a year - on - year increase of 19.6% [8]. 3.3. Polyester Sector - **Upstream products**: PX average price is 893.7 dollars/ton, a week - on - week increase of 3.0 dollars/ton, with a spread of 422.9 dollars/ton compared to crude oil, a week - on - week decrease of 18.1 dollars/ton, and an operating rate of 90.5%, a week - on - week increase of 1.6 pct; MEG average price is 3699.3 yuan/ton, a week - on - week increase of 17.1 yuan/ton, with a spread of 398.8 yuan/ton, a week - on - week decrease of 126.3 yuan/ton, inventory of 73.3 tons, a week - on - week increase of 5.0 tons, and an operating rate of 64.9%, a week - on - week increase of 0.3 pct; PTA average price is 5047.1 yuan/ton, a week - on - week decrease of 20.7 yuan/ton, with a single - ton net profit of - 160.9 yuan/ton, a week - on - week decrease of 19.9 yuan/ton, inventory of 3.6 days, no week - on - week change, and an operating rate of 77.4%, a week - on - week increase of 2.3 pct [10]. - **Polyester filaments**: POY average price is 6657.1 yuan/ton, a week - on - week increase of 107.1 yuan/ton, with a single - ton net profit of - 60.5 yuan/ton, a week - on - week increase of 79.1 yuan/ton, and inventory of 12.8 days, a week - on - week increase of 1.1 days; FDY average price is 6878.6 yuan/ton, a week - on - week increase of 128.6 yuan/ton, with a single - ton net profit of - 179.0 yuan/ton, a week - on - week increase of 93.3 yuan/ton, inventory of 17.4 days, a week - on - week decrease of 2.1 days, an operating rate of 90.3%, a week - on - week increase of 0.1 pct, and a sales - to - production ratio of 68.4%, a week - on - week increase of 19.7 pct; DTY average price is 7778.6 yuan/ton, a week - on - week increase of 28.6 yuan/ton, with a single - ton net profit of - 179.0 yuan/ton, a week - on - week increase of 26.9 yuan/ton, and inventory of 23.2 days, a week - on - week decrease of 1.4 days [10]. - **Short fibers and bottle chips**: Polyester short - fiber average price is 6512.9 yuan/ton, a week - on - week decrease of 20.0 yuan/ton, with a single - ton net profit of 9.7 yuan/ton, a week - on - week decrease of 5.3 yuan/ton, inventory of 5.9 days, a week - on - week decrease of 0.1 days, an operating rate of 90.7%, a week - on - week increase of 1.3 pct, and a sales - to - production ratio of 63.1%, a week - on - week increase of 4.9 pct. Polyester bottle - chip average price is 6098.6 yuan/ton, a week - on - week increase of 68.6 yuan/ton, with a single - ton net profit of - 132.6 yuan/ton, a week - on - week increase of 53.5 yuan/ton [10]. - **Downstream products**: The inventory of weaving is 28.2 tons, a week - on - week increase of 0.7 tons, and the operating rate is 54.9%, a week - on - week decrease of 3.0 pct [10]. 3.4. Refining Sector - **China**: Gasoline average price is 146.5 dollars/barrel, a week - on - week decrease of 0.3 dollars/barrel, with a spread of 82.0 dollars/barrel, a week - on - week decrease of 3.2 dollars/barrel; in yuan/ton, it is 7526.1 yuan/ton, a week - on - week decrease of 25.4 yuan/ton, with a spread of 4225.6 yuan/ton, a week - on - week decrease of 168.8 yuan/ton. Diesel average price is 123.3 dollars/barrel, a week - on - week decrease of 1.2 dollars/barrel, with a spread of 58.8 dollars/barrel, a week - on - week decrease of 4.1 dollars/barrel; in yuan/ton, it is 6334.6 yuan/ton, a week - on - week decrease of 70.7 yuan/ton, with a spread of 3034.1 yuan/ton, a week - on - week decrease of 214.1 yuan/ton. Jet fuel average price is 102.1 dollars/barrel, a week - on - week decrease of 0.1 dollars/barrel, with a spread of 37.6 dollars/barrel, a week - on - week decrease of 3.0 dollars/barrel; in yuan/ton, it is 5246.8 yuan/ton, a week - on - week decrease of 11.8 yuan/ton, with a spread of 1946.3 yuan/ton, a week - on - week decrease of 155.2 yuan/ton [10]. - **US**: Gasoline average price is 75.7 dollars/barrel, a week - on - week increase of 3.0 dollars/barrel, with a spread of 11.2 dollars/barrel, a week - on - week increase of 0.1 dollars/barrel; in yuan/ton, it is 3873.7 yuan/ton, a week - on - week increase of 148.6 yuan/ton, with a spread of 573.1 yuan/ton, a week - on - week increase of 5.2 yuan/ton. Diesel average price is 92.5 dollars/barrel, a week - on - week increase of 3.5 dollars/barrel, with a spread of 28.0 dollars/barrel, a week - on - week increase of 0.6 dollars/barrel; in yuan/ton, it is 4731.1 yuan/ton, a week - on - week increase of 171.2 yuan/ton, with a spread of 1430.6 yuan/ton, a week - on - week increase of 27.8 yuan/ton. Jet fuel average price is 82.0 dollars/barrel, a week - on - week increase of 3.3 dollars/barrel, with a spread of 17.5 dollars/barrel, a week - on - week increase of 0.4 dollars/barrel; in yuan/ton, it is 4198.0 yuan/ton, a week - on - week increase of 162.0 yuan/ton, with a spread of 897.5 yuan/ton, a week - on - week increase of 18.5 yuan/ton [10]. - **Europe**: Gasoline average price is 84.9 dollars/barrel, a week - on - week increase of 1.3 dollars/barrel, with a spread of 20.4 dollars/barrel, a week - on - week decrease of 1.6 dollars/barrel; in yuan/ton, it is 4362.3 yuan/ton, a week - on - week increase of 59.5 yuan/ton, with a spread of 1061.8 yuan/ton, a week - on - week decrease of 83.9 yuan/ton. Diesel average price is 86.6 dollars/barrel, a week - on - week increase of 3.0 dollars/barrel, with a spread of 22.1 dollars/barrel, a week - on - week increase of 0.1 dollars/barrel; in yuan/ton, it is 4449.7 yuan/ton, a week - on - week increase of 148.6 yuan/ton, with a spread of 1149.2 yuan/ton, a week - on - week increase of 5.2 yuan/ton. Jet fuel average price is 98.5 dollars/barrel, a week - on - week increase of 4.0 dollars/barrel, with a spread of 34.0 dollars/barrel, a week - on - week increase of 1.1 dollars/barrel; in yuan/ton, it is 5061.2 yuan/ton, a week - on - week increase of 200.5 yuan/ton, with a spread of 1760.7 yuan/ton, a week - on - week increase of 57.1 yuan/ton [10]. - **Singapore**: Gasoline average price is 71.8 dollars/barrel, a week - on - week increase of 1.3 dollars/barrel, with a spread of 7.4 dollars/barrel, a week - on - week decrease of 1.5 dollars/barrel; in yuan/ton, it is 3673.8 yuan/ton, a week - on - week increase of 62.2 yuan/ton, with a spread of 373.3 yuan/ton, a week - on - week decrease of 81.2 yuan/ton. Diesel average price is 81.1 dollars/barrel, a week - on - week increase of 2.8 dollars/barrel, with a spread of 16.6 dollars/barrel, a week - on - week decrease of 0.1 dollars/barrel; in yuan/ton, it is 4147.7 yuan/ton, a week - on - week increase of 136.0 yuan/ton, with a spread of 847.2 yuan/ton, a week - on - week decrease of 7.5 yuan/ton. Jet fuel average price is 82.6 dollars/barrel, a week - on - week increase of 2.0 dollars/barrel, with a spread of 18.2 dollars/barrel, a week - on - week decrease of 0.9 dollars/barrel; in yuan/ton, it is 4228.6 yuan/ton, a week - on - week increase of 95.6 yuan/ton, with a spread of 928.1 yuan/ton, a week - on - week decrease of 47.8 yuan/ton [10]. 3.5. Chemical Products Sector - **EVA**: EVA photovoltaic material average price is 9400 yuan/ton, a week - on - week increase of 250 yuan/ton, with a spread of 6099 yuan/ton, a week - on - week increase of 107 yuan/ton; EVA foaming material average price is 9300 yuan/ton, a week - on - week increase of 100 yuan/ton, with a spread of 5999 yuan/ton, a week - on - week decrease of 43 yuan/ton [10]. - **Polyethylene**: LDPE average price is 9207 yuan/ton, a week - on - week increase of 207 yuan/

Investment Rating - The report does not explicitly state an investment rating for the petrochemical industry [1]. Core Insights - The report highlights that the reduction in production of polyester filament supports the upward movement of product prices [1]. - Domestic and international refining project price differentials are tracked, with domestic key refining project price differential at 2474.39 CNY/ton, a decrease of 21.68 CNY/ton (-0.87%) week-on-week, while the international price differential is at 1105.24 CNY/ton, down by 57.47 CNY/ton (-4.94%) [2][3]. - Brent crude oil's weekly average price is reported at 64.50 USD/barrel, reflecting a week-on-week increase of 4.69% [2]. Summary by Sections Refining Sector - The report discusses the impact of geopolitical tensions in Venezuela and Iran, which have influenced oil prices. Initially, oil prices rose due to these tensions, but later eased as the situation in Iran stabilized and Venezuelan oil exports resumed [2][15]. - Domestic refined oil prices have shown a slight decline, with diesel, gasoline, and aviation kerosene averaging 6334.57 CNY (-70.71), 7526.14 CNY (-25.43), and 5246.79 CNY (-11.79) per ton respectively [15]. Chemical Sector - The chemical products' prices have generally increased due to strong cost support. Polyethylene prices are fluctuating, while polypropylene prices are rising due to reduced supply pressure from increased maintenance [2][43]. - EVA prices have significantly increased due to the cancellation of export tax rebates for photovoltaic products, leading to improved price differentials [2][43]. - Benzene prices have risen, but the price differential remains stable, while styrene prices have increased due to strong overseas demand and declining inventory [2][43]. Polyester & Nylon Sector - In the polyester segment, cost support remains strong, but weak demand in the textile sector has led to a slight increase in PX prices. The overall operating rate has decreased due to maintenance and production cuts in filament plants, resulting in price increases driven by supply-side support [2][43].

新凤鸣所属申万行业为：基础化工-化学纤维-涤纶。所属概念板块包括：新材料、长三角一体化、增持 回购、融资融券、中盘等。 截至1月9日，新凤鸣股东户数1.82万，较上期增加0.17%；人均流通股83421股，较上期减少0.17%。 2025年1月-9月，新凤鸣实现营业收入515.42亿元，同比增长4.77%；归母净利润8.69亿元，同比增长 16.53%。 分红方面，新凤鸣A股上市后累计派现17.33亿元。近三年，累计派现7.20亿元。 机构持仓方面，截止2025年9月30日，新凤鸣十大流通股东中，香港中央结算有限公司位居第九大流通 股东，持股1673.14万股，为新进股东。 责任编辑：小浪快报 1月16日，新凤鸣盘中下跌2.01%，截至10:05，报20.52元/股，成交6142.74万元，换手率0.19%，总市值 312.84亿元。 资金流向方面，主力资金净流出371.73万元，特大单买入0.00元，占比0.00%，卖出104.15万元，占比 1.70%；大单买入1073.53万元，占比17.48%，卖出1341.10万元，占比21.83%。 新凤鸣今年以来股价涨5.45%，近5个交易日涨3.01%，近20 ...