近期工业硅期货价格持续反弹，根据交易所数据，截至7月14日收盘，主力合约工业硅2509上涨 3.27%，成交量147.40万手；工业硅期货全合约总计成交169.03万手，比上一日新增60.15万手，交易热 度大增。铜冠金源期货7月14日研报认为，上周工业硅延续反弹，主因国家有关部门将重点综合治理光 伏产业低价无序竞争，推动落后产能有序退出，聚焦加快行业高质量发展路径，产业链各环节有望迎来 利润修复。 同时，工业硅龙头已显著受益于产业链利润修复预期。合盛硅业（603260.SH）作为国内工业硅产能最 大的生产厂家，且是煤电硅产业链最完整的企业之一，近期股价连续上涨，7月14日报收于50.16元/ 股，相比于6月25日45.19元/股的收盘价累计涨幅超10%，体现市场信心稳步回升。 光伏行业自律成效逐步显现 与此同时，公司作为"工业硅+有机硅"的双龙头，有机硅业务成为公司稳定现金流的另一个重要保障， 抗风险能力显著强于业务聚焦于光伏产业链的同类企业。受到"反内卷"政策等因素的影响，近期原料端 工业硅价格有所上涨，在成本端为有机硅价格形成支撑，并迎来陶氏计划退出其欧洲有机硅产能的机 遇，驱动有机硅产品价格进一步上行 ...

? 合盛硅业股份有限公司（以下简称"公司"）2025年半年度业绩预告适 用《上海证券交易所股票上市规则》第5.1.1条中"（一）净利润为负 值；"的情形。 ? 公司预计2025年半年度实现归属于母公司所有者的净利润-40,000万元到- 除非经常性损益后的净利润-55,000万元到-45,000万元。 证券代码：603260 证券简称：合盛硅业 公告编号：2025-043 合盛硅业股份有限公司 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 ） 利 润 总 额 ： 143,702.23 万 元 。 归 属 于 母 公 司 所 有 者 的 净 利 润 ： 万元。 （二）每股收益：0.83 元。 三、本期业绩预亏的主要原因 多晶硅整体开工率处于低位；同时，受工业硅、多晶硅供需阶段性失衡以及期 现套保等方面影响，工业硅、多晶硅期现市场价格均持续下行，特别自二季度 开始，光伏抢装潮逐渐退坡，终端需求阶段性降温，价格跌幅明显扩大。受此 影响，公司工业硅销售价格同比出现较大下滑，光伏板块受停工损失和计提存 货跌价准 ...

合盛硅业股份有限公司 2025年半年度业绩预告 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： 一、本期业绩预告情况 证券代码：603260 证券简称：合盛硅业 公告编号：2025-043 预计2025年半年度实现归属于母公司所有者的扣除非经常性损益后的净利 润 -55,000万元到-45,000万元。 （三）本次业绩预告数据系公司初步测算，未经审计。 二、上年同期经营业绩和财务状况 （一）利润总额：143,702.23 万元。归属于母公司所有者的净利润： 97,804.96 万元。归属于母公司所有者的扣除非经常性损益的净利润：89,898.42 万元。 （一）业绩预告期间 2025年1月1日至2025年6月30日 合盛硅业股份有限公司（以下简称"公司"）2025年半年度业绩预告适 用《上海证券交易所股票上市规则》第5.1.1条中"（一）净利润为负 值；"的情形。 公司预计2025年半年度实现归属于母公司所有者的净利润-40,000万元到- 30,000万元，与上年同期相比，将出现亏损；归属于母公司所有者的扣 ...

Investment Rating - The report maintains a "Recommended" rating for the organic silicon industry, indicating a positive outlook for the sector [1]. Core Insights - Dow Chemical plans to close its basic siloxane plant in Barry, UK, by mid-2026 as part of its European asset optimization strategy, which will reduce siloxane production capacity by 145,000 tons per year, representing nearly one-third of Europe's total capacity [5]. - The closure is expected to enhance the pricing of organic silicon materials and improve the industry's overall profitability, while also creating significant opportunities for Chinese exporters to fill the supply gap left by the European exit [5]. - The report highlights a steady increase in industrial silicon prices, which supports the upward trend in organic silicon prices, with the average market price reaching 8,881 CNY per ton as of July 10, 2025, up 245 CNY from June 11, 2025 [6][7]. Summary by Sections Recent Trends - The organic silicon industry has shown a positive performance relative to the basic chemical sector and the CSI 300 index over the past year, with a 12-month increase of 17.4% for basic chemicals and 15.8% for CSI 300 [3]. Investment Highlights - The anticipated exit of major overseas producers from the market is expected to enhance the industry's outlook, with a notable increase in demand for organic silicon intermediates, which saw a 5.77% year-on-year increase in exports from China in the first five months of 2025 [5]. - The report emphasizes the importance of monitoring companies with organic silicon intermediate DMC production capacity, such as Xingfa Group, Luxi Chemical, Dongyue Silicon Materials, and others [8]. Key Companies and Earnings Forecast - The report provides earnings per share (EPS) forecasts for several key companies, indicating a positive growth trajectory for firms like Hoshine Silicon Industry and Xingfa Group, with projected EPS of 1.72 and 1.85 for 2025, respectively [8].

Core Viewpoint - Recent activities of several listed companies' shareholders engaging in ETF swap transactions have drawn market attention, with a focus on the implications for stock structure optimization and potential hidden risks associated with large shareholder exits [1][2][9]. Group 1: Company Actions - Hosheng Silicon Industry announced that its controlling shareholder, Hosheng Group, plans to swap up to 11.82 million shares, representing no more than 1% of the total share capital, for ETF shares within three months after 15 trading days from July 26, 2025, with an estimated market value of 591 million yuan based on a closing price of 50 yuan on July 11 [1][3][5]. - Other companies, including Shanghai Electric, Hangzhou Steel, and Longi Green Energy, have also disclosed ETF swap plans, indicating a trend among major shareholders to engage in such transactions [1][7]. Group 2: Market Implications - The move to swap single stock assets for ETF shares is seen as a way to diversify investments and reduce risks associated with holding individual stocks, which can have positive implications for optimizing the equity structure of listed companies [1][7]. - However, there are concerns that ETF swaps may serve as a covert method for major shareholders to reduce their holdings, potentially leading to hidden exits from the market [1][9]. Group 3: Regulatory Context - Regulatory bodies have encouraged the expansion of ETF offerings and the normalization of ETF swap activities, which can enhance ETF scale and liquidity, but past instances of excessive swaps have led to significant tracking errors and performance issues for ETFs [2][10]. - The industry has noted the need for careful assessment of the liquidity impact of these swaps on ETF products to ensure fair treatment of smaller investors [10].

Group 1 - The organic silicon concept sector rose by 2.51%, ranking third among concept sectors, with 33 stocks increasing in value, including Hongbai New Materials and Chenguang New Materials hitting the daily limit [1] - Notable gainers in the organic silicon sector included Silica Technology, which increased by 18.29%, and Chenghua Co., which rose by 8.09% [1] - The sector saw a net inflow of 321 million yuan from main funds, with 22 stocks experiencing net inflows, and Silica Technology leading with a net inflow of 229 million yuan [1] Group 2 - The top stocks by net inflow ratio included Chenguang New Materials at 50.01%, Hongbai New Materials at 19.28%, and Kangpeng Technology at 12.72% [2] - The organic silicon concept's top performers based on net inflow included Silica Technology with a net inflow of 228.72 million yuan and Hongbai New Materials with 45.05 million yuan [2] - Other significant stocks in the sector included He Sheng Silicon Industry and Chenguang New Materials, with net inflows of 37.25 million yuan and 36.21 million yuan, respectively [2]

智通财经7月10日电，有机硅概念盘中持续走高，硅宝科技、晨化股份涨超10%，此前晨光新材、宏柏 新材涨停，东岳硅材、润禾材料、合盛硅业涨幅靠前。消息面上，7月7日，陶氏化学宣布关闭英国巴里 工厂的基础硅氧烷设施，涉及14.5万吨DMC产能，预计关闭工作将于2026年年中开始，2027年底前完 成。陶氏退出的供给缺口有望进一步加大国内企业的出口需求，行业供需有望加速进入转换窗口期。 有机硅概念持续拉升 硅宝科技、晨化股份双双涨超10% ...

证券代码：603260 证券简称：合盛硅业 公告编号：2025-042 | 股东 | 是否为控 | 本次质押股数 | | 是否 是否补 为限 | 质押起始日 | 质押到期日 | 质权人 | 占其所持 | 占公司 总股本 | 质押融资资金 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 股股东 | | | 充质押 | | | | 股份比例 | | 用途 | | | | | | 售股 | | | | | 比例 | | | 合盛 集团 | 控股股东 | 4,900,000 | 股 | 否 否 | 2025/7/3 | 至办理解除 质押登记手 | 西藏信托有限公司 | 0.90% | 0.41% | 补充流动资金 | | | | | | | | 续之日止 | | | | | | | 控股股东 | | | | | 至办理解除 | | | | | | 罗燚 | 一致行动 | 6,100,000 | 股 | 否 否 | 2025/7/7 | 质押登记手 | 刘某 | 3.17% | 0.52% | 生产经营 | | | ...

智通财经7月8日电，光伏产业链持续爆发，带动有机硅方向展开补涨，午后东岳硅材、合盛硅业冲高一 度逼近涨停，硅宝科技涨超10%，润禾材料、宏柏新材、晨光新材、新亚强等跟涨。消息面上，多晶硅 期货主力合约午后封涨停，带动工业硅期货主力合约扩大涨幅至5%。 有机硅概念集体走强 东岳硅材逼近涨停 ...

Group 1 - The A-share organic silicon concept stocks experienced a short-term rise, with Dongyue Silicon Materials increasing by over 11% [1] - Other stocks such as Hoshine Silicon Industry, Silbond Technology, Yian Technology, and Runhe Materials also saw gains [1] - The main contract for polysilicon reached its daily limit, with an increase of 7%, currently priced at 38,385 yuan per ton [1]