证券日报网讯12月19日，合盛硅业（603260）在互动平台回答投资者提问时表示，公司在浙江、四川、 新疆等地设有生产基地，其中浙江嘉兴为有机硅生产基地，产能为20万吨/年。 ...

每经AI快讯，合盛硅业（SH 603260，收盘价：51.4元）12月19日晚间发布公告称，截至本公告日，合 盛硅业股份有限公司控股股东宁波合盛集团有限公司一致行动人罗烨栋直接持有公司股份约1.79亿股， 占公司总股本的15.18%。本次质押及解质押后，罗烨栋累计质押股份约为8884万股，占其所持股份比 例的49.52%，占公司总股本比例的7.52%。 每经头条（nbdtoutiao）——海南封关首日直击：为中国探路，全球最大自贸港如何重塑开放边界？ （记者 曾健辉） 2024年1至12月份，合盛硅业的营业收入构成为：非金属冶炼占比51.56%，化工行业占比45.71%，其他 业务占比2.73%。 截至发稿，合盛硅业市值为608亿元。 ...

关于控股股东一致行动人部分股份质押及解质押的公告 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： 截至本公告日，合盛硅业股份有限公司（以下简称"公司"）控股股东宁波 合盛集团有限公司（以下简称"合盛集团"）一致行动人罗烨栋直接持有公司股 份179,406,101股，占公司总股本的15.18%。本次质押及解质押后，罗烨栋累计质 押股份为88,843,500股，占其所持股份比例的49.52%，占公司总股本比例的 7.52%。 证券代码：603260 证券简称：合盛硅业 公告编号：2025-084 合盛硅业股份有限公司 三、股东累计质押股份情况 截至本公告披露日，上述股东及其一致行动人累计质押股份情况如下： 注：合计数与分项数累加和不同是因四舍五入所致 截至本公告日，合盛集团及其一致行动人罗立国、罗燚、罗烨栋合计直接持 有公司股份869,105,229股，占公司总股本的73.52%。本次质押及解质押后，合盛 集团及其一致行动人罗立国、罗燚、罗烨栋直接持有的公司股份中处于质押状态 的股份累计数为433,253,200股 ...

（记者 王晓波） 每经AI快讯，有投资者在投资者互动平台提问：请问贵公司在浙江有生产基地吗？浙江基地产能是多 少？ 合盛硅业（603260.SH）12月19日在投资者互动平台表示，公司在浙江、四川、新疆等地设有生产基 地，其中浙江嘉兴为有机硅生产基地，产能为20万吨/年。 ...

合盛硅业（603260）董事长罗立国的创业史，正是企业精神"积于跬步，凌于高峰"的生动注脚。他以三 十余年的笃行，践行着"专注硅基新材料，创造美好生活"的企业使命，完成了一场从传统手工业到全球 硅业巨擘的壮阔攀登。 他的"积于跬步"，始于最质朴的起点。1989年，从慈溪一家生产草帽的工艺品厂开始，罗立国在每一顶 编织帽中锤炼对品质与市场的理解。这份源自基层的扎实积累，成为他日后一切宏图伟业的坚实基底。 世纪之交，他敏锐地"积"下关键一步：转向硅材料产业。这并非一时追逐风口，而是基于对工业发展脉 搏的深刻洞察所进行的长期铺垫。 真正的"凌于高峰"，在于其攀登产业巅峰的战略胆魄。当企业在硅材料领域站稳脚跟后，罗立国展现 了"凌"的魄力。2009年，他逆流而上，远赴新疆戈壁打造行业首个"煤、电、硅"一体化产业园，以超前 的全产业链布局，构筑了无可比拟的成本与规模优势。2017年，他再次作出关键抉择，在公司上市后全 力聚焦硅基主业，精准踏上了全球新能源爆发的浪潮之巅。这一系列决策，驱动合盛硅业从行业的追赶 者，一跃成为工业硅与有机硅产能雄踞世界前列的领军者。 罗立国的故事，是一部"积跬步"以"凌高峰"的实干教科书。他 ...

人民财讯12月17日电，企查查APP显示，近日，新疆卓能煤业有限公司成立，法定代表人为贺长江，注 册资本为1500万元，经营范围包含：煤炭及制品销售；煤炭洗选；煤制活性炭及其他煤炭加工；矿物洗 选加工；选矿；煤炭开采等。企查查股权穿透显示，该公司由合盛硅业（603260）间接全资持股。 ...

Investment Strategy Overview - The report emphasizes two main investment themes for the chemical industry: anti-involution policies and domestic substitution, which are expected to drive recovery and growth in the sector [4][5][6] Anti-Involution and Cycle Recovery - The report suggests that the chemical industry is at a turning point, with anti-involution measures leading to a recovery in the cycle. Key areas include the peak of new capacity in organic silicon, the end of PTA capacity expansion, and a rebound in prices for certain chemicals due to supply chain disruptions [4][5] - The China Chemical Product Price Index (CCPI) has decreased significantly, dropping to 3865 points by November 30, 2025, down 16.37% from early 2024 and 10.71% from the beginning of 2025 [4][20] Domestic Substitution as a Growth Driver - Domestic substitution is highlighted as a key growth driver, with significant support from national policies for bio-based materials and advancements in technology leading to a more robust domestic supply chain [4][6] - The report identifies several companies positioned to benefit from these trends, including KaiSai Bio and RuiFeng New Materials, which are making strides in bio-based materials and lubricant additives, respectively [5][6] Market Dynamics and Price Recovery - The report notes that while the chemical market is experiencing a downturn, certain segments are expected to see price recovery due to improved supply-demand dynamics and reduced capacity expansion [4][22] - Specific chemical products have shown varied price movements, with some experiencing significant declines while others are stabilizing or recovering [22] Manufacturing Sector Recovery - The manufacturing sector is showing signs of recovery, which is anticipated to support the chemical industry. The report mentions that the real estate market is stabilizing, and automotive production has increased, indicating a potential uptick in demand for chemical products [25][33] Capital Expenditure Trends - Capital expenditure growth in the chemical industry is slowing, with a notable decline in new projects. The report indicates that the total construction in progress for the chemical sector was 327.57 billion yuan in Q3 2025, down 17.64% year-on-year [34][39] Inventory and Consumption Trends - High inventory levels in the chemical sector are being addressed as consumer demand begins to recover. The report suggests that the inventory-to-revenue ratio for the basic chemical industry was 0.62 in Q3 2025, indicating a slight increase from the previous year [41][42] Profitability and Financial Performance - The report highlights a recovery in profitability for the chemical industry, with gross margins and return on equity (ROE) showing improvement in Q3 2025 compared to previous periods [56][60] - Specific sub-sectors, such as agrochemicals and fluorochemicals, have demonstrated significant profit growth, with some exceeding 100% year-on-year increases [55][56]

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" for the chemical industry [5] Core Views - The political bureau meeting emphasized the implementation of more proactive macro policies and the importance of expanding domestic demand and optimizing supply, which is expected to provide a clearer reversal signal for the chemical industry at the bottom of the cycle [2][3] - The chemical industry is currently at a historical low valuation, with a price-to-book (PB) ratio of 2.2, indicating significant upside potential [2][18] - The report highlights the importance of supply-side optimization and the potential for price recovery in industries with high concentration and low profitability [3][20] Summary by Sections 1. Core Insights of the Week - The report discusses the impact of the geopolitical situation on oil prices, with Brent oil closing at $61.28 per barrel, down $2.47 (-3.9%) from the previous week [17] - The Producer Price Index (PPI) has shown unexpected recovery, which has increased attention on the chemical sector [18] 2. Overall Performance of the Chemical Sector - The chemical sector index decreased by 2.2% in the week, ranking 26th among 31 industry sectors [24] - Year-to-date, the chemical sector index has increased by 25.0%, outperforming the Shanghai Composite Index by 9.0% [24][27] 3. Individual Stock Performance in the Chemical Sector - Among 424 stocks in the chemical sector, 97 stocks rose while 325 fell during the week [32] - The top gainers included companies like Bluestar Technology (+18.1%) and Qiaoyuan Co. (+15.2%) [34] 4. Key Investment Themes - **Theme One**: Focus on upstream resource assets with strong profit certainty, such as phosphorus and sulfur [19] - **Theme Two**: Emphasis on supply-side optimization and price elasticity in sectors like organic silicon and PTA [20] - **Theme Three**: Attention to low-valued leading companies in the sector, such as Wanhua Chemical and Hengli Petrochemical [22] - **Theme Four**: Investment in new productive forces aligned with green energy and semiconductor materials [23]

Core Insights - The establishment of Guanghe Qiancheng Technology Co., Ltd. is seen as a "silicon material storage platform" in the photovoltaic industry, with major players like Tongwei, GCL, Daqo, and Xinte participating as shareholders [1][2] - The platform aims to explore strategic cooperation opportunities within the industry, focusing on sustainable development rather than individual market expansion [1][3] Shareholder Information - Tongwei's subsidiary holds 30.35% of Guanghe Qiancheng, while GCL holds 16.79%. Other shareholders include Daqo, Xinte, and several smaller companies, with their respective shares ranging from 5.13% to 11.3% [2] - The platform's shareholder list also includes Beijing Zhongguang Tonghe Energy Technology Co., Ltd., a wholly-owned subsidiary of the China Photovoltaic Industry Association [1][2] Industry Context - According to Bernreuter Research, in 2024, the top four global polysilicon manufacturers will be Tongwei, GCL, Daqo, and Xinte, collectively holding 65% of the global market share [2] - The total planned capacity of polysilicon manufacturers not participating in Guanghe Qiancheng, such as Hoshine and its subsidiary, exceeds 80,000 tons [3][4] Future Projections - CITIC Securities predicts a negative growth in global new photovoltaic installations in 2026, estimating a decrease of 10.07% year-on-year, with a projected demand for polysilicon at 116,000 tons [4] - The establishment of Guanghe Qiancheng is seen as timely, as the industry faces a significant oversupply of polysilicon capacity compared to demand [4][6]

逆周期布局产业链核心环节 总部位于浙江的合盛硅业是全球硅基新材料领域的"领头羊"，凭借独步全球的"煤—电—硅"一体化 产业链，其工业硅、有机硅单体产能多年蝉联全球榜首。 宏伟蓝图凝聚奋进力量，科技自强承载时代重任。"十五五"规划建议明确提出，"加快高水平科技 自立自强，引领发展新质生产力"，将科技创新摆在国家发展全局的重要位置。 中国中信金融资产坚决贯彻落实党中央决策部署，坚持将服务科技金融的着力点放在支持产业链供 应链关键环节和龙头企业发展上，通过"股权+债权""重组+纾困"等综合金融手段，精准对接科技企业融 资需求，以"金融向实、资本向科"的实际行动，诠释服务国家战略的责任担当。 聚焦"硬科技" 践行金融使命 《金融时报》记者在采访中了解到，当企业面临挑战时，中国中信金融资产浙江分公司和资产经营 一部火速组建精锐团队，千里奔赴新疆戈壁生产基地，深入企业一线，精准研判企业核心价值。聚焦企 业看家本领——工业硅主业，通过增资其核心子公司，并实施一揽子纾困方案，成功为企业"瘦身减 负"、降低杠杆。深度参与公司治理，助力企业练好"内功"，进一步筑牢全球成本竞争力的"护城河"。 激活科技、产业、金融循环 中国中信金 ...