炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 多因素影响下，锆产品未来走势如何？产业链哪些上市公司值得关注？ 一边是固态电池商业化加速，让锆基材料需求从"传统陶瓷"迈向"新能源核心材料"；另一边是上游资源 供应持续紧绷，全球主要矿山面临资源枯竭风险。 2026年伊始，一项政策为锆市场增添了新的变数。商务部1月6日发布公告，加强两用物项对日本出口管 制，明确禁止向日本军事用户及相关领域出口包括氧化钇、锆及其合金在内的关键材料。 进入2026年，锆这种看似小众的金属元素，正因供需两端的新变化，价格逐步企稳。 资源高度集中 供应瓶颈凸显 锆作为一种稀有小金属，具有良好的耐腐蚀性和可塑性，广泛应用在电子、陶瓷、玻璃、石化、建筑等 领域。锆英砂是自然界中锆矿的主要存在形式，可以加工成电熔锆、氯氧化锆、碳酸锆等产品。 从资源上看，全球锆矿分布极不均衡，澳大利亚、南非、莫桑比克合计掌控全球超八成的储量。中国是 全球锆产品消费大国，也是锆产品进口大国，进口依存度常年高于80%。 进入2026年，这种资源高度集中的弊端愈发凸显。澳大利亚主要矿山面临资源枯竭风险，预计从今年起 将陆续进入减产或停产周期 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for the stock's performance in the near term [5]. Core Insights - The zirconium and hafnium separation production line is set to commence, which is expected to positively impact the company's performance in 2026 [2]. - The company has successfully completed a 14-day continuous production verification for its zirconium and hafnium separation line, achieving expected product quality standards [2]. - The projected market prices for hafnium oxide and zirconium sponge are expected to significantly contribute to revenue growth, with a forecasted increase in net profit for 2025 ranging from 32.0% to 71.6% year-on-year [2]. - The company is expanding its nuclear-grade zirconium sponge production, with a planned annual output of 1,300 tons, and has secured orders from major clients [2]. - The company is also developing solid-state battery electrolytes, with successful small-scale supply to downstream customers [3]. Financial Summary - The company expects revenues to grow from 1,080 million in 2023 to 1,667 million in 2027, reflecting a compound annual growth rate [4]. - The net profit is projected to increase from 79 million in 2023 to 510 million in 2027, with a significant jump of 241.44% expected in 2026 [4]. - Earnings per share are forecasted to rise from 0.19 in 2023 to 1.21 in 2027, indicating strong profitability growth [4]. - The price-to-earnings ratio is expected to decrease from 57.84 in 2023 to 38.10 in 2027, suggesting improved valuation metrics over time [4].

Group 1: Photovoltaic Industry - The photovoltaic industry is experiencing a clear upward trend due to supply-side clearing and demand-side support, with expectations of profitability recovery in 2026 as inefficient companies exit the market and leading firms enhance efficiency through technological upgrades [1][14] - In 2025, China's photovoltaic industry saw a significant increase in installed capacity, reaching 315.07 GW, with a year-on-year growth rate of 13.67%, despite a slowdown in the second half of the year [14][16] - The introduction of policies aimed at preventing "involution" in the industry has led to a recovery in prices, with polysilicon prices rising over 50% from June to November 2025, indicating a shift towards a more rational pricing environment [22][29] Group 2: Wind Power Industry - The wind power industry is expected to benefit from a favorable supply-demand structure, with significant growth anticipated in offshore wind projects and exports, particularly in 2025 [1][3] - The domestic wind power market is projected to continue its growth trajectory, with offshore wind becoming a key focus area, supported by increasing demand for domestic and international markets [1][3] - Investment recommendations include focusing on leading manufacturers in the wind turbine sector and companies involved in high-barrier components such as submarine cables, which are expected to see increased demand [3][3] Group 3: New Energy Vehicles - The new energy vehicle sector in China is projected to achieve sales of 16.49 million units in 2025, reflecting a year-on-year growth of 28.2%, driven by stable market demand and improved product structures [2][3] - The industry is witnessing a recovery in profitability as supply-side chaos is effectively managed, with significant price increases in key materials like lithium hexafluorophosphate and vinyl carbonate [2][3] - The transition to a high-quality development phase is expected in 2026, supported by technological innovations and enhanced supply chain capabilities [2][3] Group 4: Lithium Battery Industry - The lithium battery industry is experiencing a recovery in profitability as inefficient production capacity is eliminated, with key materials seeing price increases and demand from new energy vehicles and energy storage continuing to rise [8][8] - Recommendations include focusing on leading companies in the battery and structural components sectors, which are expected to benefit from the industry's recovery [8][8] - The commercialization of solid-state batteries is accelerating, with several companies making significant progress in this area [8][8]

Core Viewpoint - The company forecasts a net profit attributable to shareholders of approximately 100 million to 130 million yuan for 2025, representing a year-on-year increase of 31.99% to 71.58% [1] Group 1: Financial Performance - The expected net profit excluding non-recurring gains and losses is projected to be around 93 million to 123 million yuan, with a year-on-year increase of 27.72% to 68.93% [1] - The company has shown steady growth in operational scale and profitability since its listing [1] Group 2: Business Development - The company has established three major business segments: zirconium series, magnesium series, and advanced ceramics, with over 160 product varieties [1] - The company is focusing on the nuclear-grade zirconium sponge business, which is expected to significantly contribute to revenue growth [2] - The company has formed a collaborative advantage in the zirconium product industry chain, with its subsidiary, Liaoning Huazircon, being one of the largest industrial-grade zirconium sponge producers in Asia [2] Group 3: Market Trends - The demand for nuclear-grade zirconium alloys is expected to grow due to the increasing construction of nuclear power units in China, supported by government policies [2] - The price of hafnium is projected to surge due to structural shortages in supply, which could enhance the company's performance [3] Group 4: Technological Advancements - The company is actively advancing the hafnium-zirconium separation project, which could significantly improve production efficiency and reduce costs [3] - The company is developing solid-state battery materials using zirconium-based chlorides, which have shown promising electrochemical performance [4] Group 5: Investment Outlook - The production of nuclear-grade zirconium sponge and the industrialization of hafnium-zirconium separation technology are expected to solidify the company's industry position [5] - The company is projected to achieve net profits of 129 million, 278 million, and 403 million yuan from 2025 to 2027, with corresponding EPS of 0.31, 0.66, and 0.95 yuan per share [5]

格隆汇2月9日丨三祥新材(603663.SH)涨5.75%，报45.400元，股价创历史新高，总市值192.18亿元。 ...

Market Overview - On February 6, A-shares opened lower but rebounded before closing, with the Shanghai Composite Index down 0.25%, Shenzhen Component Index down 0.33%, ChiNext Index down 0.73%, and the Sci-Tech Innovation Index down 0.35% [2][3] - The trading volume in the Shanghai and Shenzhen markets was 2.15 trillion yuan, a decrease of 30.5 billion yuan compared to the previous trading day, with over 2,700 stocks rising and more than 2,500 stocks falling [6] Sector Performance - The consumer sector weakened, with liquor and retail leading the decline; AI applications and commercial aerospace concept stocks also saw significant pullbacks [3] - In contrast, sectors such as lithium batteries, energy metals, humanoid robots, and fintech showed strength, while chemicals and oil & gas sectors rose against the trend [3] Notable Stocks - Oil and gas stocks surged, with Intercontinental Oil and Gas hitting the daily limit, and Zhun Oil Co. also reaching the limit up [4] - Solid-state battery concept stocks experienced a surge, with companies like Enjie Co., Sanxiang New Materials, and Keri Technology hitting the daily limit [5] Capital Flow - Main funds saw a net inflow into battery, electronic components, and basic chemicals sectors, while there was a net outflow from communications, national defense, military industry, and media sectors [9] - Specific stocks with significant net inflows included Wuzhou Xinchun, Data Port, and Tianji Co., with inflows of 1.22 billion yuan, 1.08 billion yuan, and 1.065 billion yuan respectively [10] - Conversely, stocks like New Yisheng, Zhongji Xuchuang, and Aerospace Development faced net outflows of 2.883 billion yuan, 1.550 billion yuan, and 1.304 billion yuan respectively [11] Institutional Insights - Dexun Securities noted that the market showed signs of stabilization after a morning rebound [12] - Guojin Securities suggested that investors adopt a "dumbbell strategy" for asset allocation [13] - Galaxy Securities anticipated that sector rotation would remain the main theme before the Spring Festival, highlighting structural opportunities within the rotation [14]

2026年2月6日，三祥新材（sh603663）触及涨停，涨停价42.93元，涨幅9.99%，总市值181.72亿元，流 通市值181.52亿元，截止发稿，总成交额5.86亿元。 根据喜娜AI异动分析，三祥新材涨停原因可能如下，核级海绵锆+业绩增长+锆铪产线投产： 1、公司 2025年业绩预增明显，净利润预增31.99%-71.58%，第三季度单季净利润同比增长133.44%，核级海绵 锆业务成为主要增长点，显示产业链布局成效显著，良好的业绩表现刺激股价上涨。 2、西部证券2026 年1月28日研报指出，金属铪价格快速上涨，公司锆铪分离产线投产在即，这一消息可能吸引市场关 注，对股价起到推动作用。公司专注于新材料研发等，产品应用于核能、新能源等领域，随着行业发 展，其业务有较大发展空间。 3、从市场板块表现来看，同花顺数据显示当日新材料相关板块有一定资 金流入，同板块部分个股也有不同程度上涨，形成了板块联动效应。技术面上，该股当日突破短期均线 压力位，MACD指标绿柱缩短，显示短期多方力量增强。资金流向方面，东方财富数据显示当日超大单 净流入明显，主力资金积极介入。 责任编辑：小浪快报 声明：市场有风险，投资 ...

数据显示，东方阿尔法基金旗下1只基金位居三祥新材十大流通股东。东方阿尔法产业先锋混合A （011704）三季度新进十大流通股东，持有股数320.86万股，占流通股的比例为0.76%。根据测算，今 日浮盈赚取约673.81万元。 从基金十大重仓股角度 2月6日，三祥新材涨5.38%，截至发稿，报41.13元/股，成交2.45亿元，换手率1.47%，总市值174.10亿 元。 数据显示，东方阿尔法基金旗下1只基金重仓三祥新材。东方阿尔法产业先锋混合A（011704）四季度 减持134.55万股，持有股数186.31万股，占基金净值比例为6.46%，位居第一大重仓股。根据测算，今 日浮盈赚取约391.25万元。 资料显示，三祥新材股份有限公司位于福建省寿宁县解放街292号，成立日期1991年8月24日，上市日期 2016年8月1日，公司主营业务涉及锆系、铸改等工业新材料的研发、生产和销售。主营业务收入构成 为：锆系列产品84.25%，铸改新材料11.16%，其他(补充)2.52%，其他产品2.07%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参 ...

中信建投研报指出，航天侧，SpaceX积极推进上市进程，同时向FCC提交百万颗AI卫星申请，目标打 造太空算力卫星星座；苹果与SpaceX拟联合推动手机直连卫星服务，商业航天下游应用领域有望拓 展，继续看好航天及AI共振。 （文章来源：21世纪经济报道） 2月3日，A股市场探底回升，沪指、创业板指均涨超1%，深成指涨超2%。从板块来看，商业航天概念 爆发，罗博特科与帝科股份均20CM涨停，城建发展、巨力索具、沃格光电、东方钽业等22股涨停，三 角防务、海兰信、戈碧迦等跟涨。 消息面上，据新华社报道，美国企业家埃隆·马斯克创建的太空探索技术公司(SpaceX)2日发表声明说， 已收购同属马斯克名下的人工智能初创企业xAI公司，以整合涵盖人工智能、火箭、太空互联网等领域 的创新资源。 ...

Group 1 - The stock price of Sanxiang New Materials fell by 5.12% to 42.03 CNY per share, with a trading volume of 921 million CNY and a turnover rate of 5.05%, resulting in a total market capitalization of 17.791 billion CNY [1] - Sanxiang New Materials Co., Ltd. is located in Fujian Province and was established on August 24, 1991. It was listed on August 1, 2016. The company's main business involves the research, production, and sales of zirconium-based and casting modification industrial new materials [1] - The revenue composition of Sanxiang New Materials includes zirconium series products (84.25%), casting modification new materials (11.16%), and other products (4.59%) [1] Group 2 - The Oriental Alpha Fund has a position in Sanxiang New Materials, with its fund "Oriental Alpha Industry Pioneer Mixed A" (011704) entering the top ten circulating shareholders in the third quarter, holding 3.2086 million shares, which accounts for 0.76% of the circulating shares [2] - The fund has incurred an estimated floating loss of approximately 7.2835 million CNY today [2] - The fund manager, Zhou Mi, has been in the position for 7 years and 333 days, with the fund's total asset scale at 5.302 billion CNY and a best return of 112.22% during the tenure [2] Group 3 - In the fourth quarter, the Oriental Alpha Industry Pioneer Mixed A fund reduced its holdings in Sanxiang New Materials by 1.3455 million shares, now holding 1.8631 million shares, which represents 6.46% of the fund's net value, making it the largest holding [3] - The estimated floating loss for the fund today is approximately 4.2292 million CNY [3]