北京商报讯（记者 翟枫瑞）2月5日，三棵树涂料股份有限公司（以下简称"三棵树"）发布关于为子公 司提供担保的公告称，公司与建行博野支行签署了《本金最高额保证合同》，为河北三棵树提供最高债 权限额人民币2亿元的连带责任保证担保，该业务为前期合作业务的延续。公司与工商银行签署了《最 高额保证合同》，为安徽三棵树提供最高债权限额人民币8000万元的连带责任保证担保。同时，公司拟 与建行荔城支行签署《最高额保证合同》，为三棵树材料提供最高债权限额人民币4800万元的连带责任 保证担保。 三棵树表示，河北三棵树、安徽三棵树和三棵树材料为公司下属全资子公司，本次担保是为了满足子公 司在经营过程中的实际资金需要。上述子公司经营状况稳定，资信状况良好，担保风险可控。本次担保 事项不会损害公司和全体股东的利益，不会对公司的正常运作和业务发展造成不利影响。 ...

中金发表报告指，消费建材行业价格有望温和修复，部分板块龙头毛利率或边际改善。近期龙头企业相 继发布涨价函，如防水、石膏板、市政管道等细分领域。判断提价基础包括供给优化；上游原材料多为 化工品，年初以来价格中枢上移，包括PVC、乳液等。该行看好行业复价趋势下，龙头企业盈利边际修 复。该行建议关注东方雨虹、三棵树、北新建材、中国联塑、伟星新材。 ...

Investment Rating - The report maintains a "Positive" investment rating for the building materials industry [10]. Core Viewpoints - The report emphasizes increasing allocations to high-quality leading companies in consumer building materials and anticipates price increases in electronic fabrics due to shortages [2][3]. - Consumer building materials are highlighted as a strong investment opportunity due to significant supply exits, with production levels for various materials projected to be at 97% for plastic pipes, 82% for gypsum boards, and 77% for cement in 2024 compared to their peak levels [3]. - The report identifies three main lines for 2026: the stock chain, the African chain, and the AI chain, suggesting a shift in demand dynamics and growth opportunities in these areas [7]. Summary by Sections Basic Situation - Cement shipments have seen a slight month-on-month increase, while glass inventory continues to decline [6]. - In late January, cement demand showed slight recovery due to warmer weather in southern regions, with a shipment rate of approximately 32% in key domestic areas, up by 3 percentage points [6][23]. Outlook for 2026 - The report suggests focusing on three main lines: stock chain, African chain, and AI chain. The stock chain is expected to see a qualitative change in demand, with home renovation demand projected to rise from 50% to nearly 70% by 2030 [7]. - The African chain highlights undervalued growth opportunities in the African market, with recommendations for leading companies such as Keda Manufacturing and Huaxin Cement [7]. - The AI chain focuses on the upgrade of special electronic fabrics, with significant opportunities for domestic replacements in low CTE and low-Dk products [7]. Electronic Fabrics - The report is optimistic about price increases in electronic fabrics due to dual demand dynamics, with AI electronic fabrics benefiting from high demand and ordinary electronic fabrics facing supply constraints [5]. - The shortage of weaving machines is expected to continue, leading to sustained price increases [5]. Cement and Glass Market - The report notes that the national average price of cement is 349.84 yuan per ton, with a month-on-month decrease of 2.74 yuan [24]. - The national average price of glass is reported at 63.11 yuan per weight box, with a slight month-on-month increase of 0.50 yuan [36].

房地产、建材板块反复活跃，京投发展、韩建河山3连板，兔宝宝、坚朗五金、三棵树、城投控股、津 投城开、中国武夷跟涨跟涨。 ...

截至2026年2月4日 15:00，中证石化产业指数(H11057)上涨0.41%，成分股中国石化上涨3.17%，三棵树 上涨3.09%，上海石化上涨2.94%，恒逸石化上涨2.34%，和邦生物上涨2.06%。化工行业ETF易方达 (516570)上涨0.37%，最新价报1.09元。拉长时间看，截至2026年2月3日，化工行业ETF易方达近2周累 计上涨0.55%，涨幅排名可比基金1/2。（以上所列股票仅为指数成份股，无特定推荐之意） 从资金净流入方面来看，化工行业ETF易方达近13天获得连续资金净流入，最高单日获得3.91亿元净流 入，合计"吸金"13.71亿元，日均净流入达1.05亿元。（数据来源：Wind） 流动性方面，化工行业ETF易方达盘中换手3.05%，成交4876.76万元。拉长时间看，截至2月3日，化工 行业ETF易方达近1周日均成交1.60亿元。 规模方面，化工行业ETF易方达最新规模达15.95亿元，创近1年新高。（数据来源：Wind） 份额方面，化工行业ETF易方达最新份额达14.66亿份，创近1年新高。（数据来源：Wind） 化工行业ETF易方达(516570)，场外联接(易方达中证石 ...

证券日报网讯2月3日，三棵树（603737）发布公告称，截至2026年2月1日，公司及子公司对外担保余额 为人民币291，356.16万元，占公司最近一期经审计净资产的108.47%，其中，公司及子公司对子公司担 保余额为人民币283，982.31万元，占公司最近一期经审计净资产的105.73%。公司不存在逾期担保的情 况。 ...

免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 每经AI快讯，三棵树2月3日晚间发布公告称，经2024年年度股东大会审议通过的公司及子公司对子公 司提供的担保总额不超过人民币95亿元，占公司最近一期经审计净资产的353.69%；公司及子公司对外 担保总额不超过人民币3.5亿元，占公司最近一期经审计净资产的13.03%。截至2026年2月1日，公司及 子公司对外担保余额为人民币约29.14亿元，占公司最近一期经审计净资产的108.47%，其中，公司及子 公司对子公司担保余额为人民币约28.4亿元，占公司最近一期经审计净资产的105.73%。 每经头条（nbdtoutiao）——全网呼吁的健康福真的来了！这份"史上最短"红包攻略快收好 （记者 曾健辉） ...

证券代码：603737 证券简称：三棵树 公告编号：2026-006 三棵树涂料股份有限公司 关于为子公司提供担保的公告 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 | | | 子公司对外担保总额（万元） 年年度股东大会审 | 985,000 | | （经公司 2024 | | | 议通过的对外担保总额） | | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 366.72 | | 特别风险提示 | √担保金额（含本次）超过上市公司最近一期经审计净资产 50% | | | √对外担保总额（含本次）超过上市公司最近一期经审计净资 | | 产 | 100% | | | √本次对资产负债率超过 70%的单位提供担保 | 一、担保情况概述 （一） 担保的基本情况 重要内容提示： 担保对象及基本情况 | | 本次担 | 实际为其提 供的担保余 | 是否在前 | 本次担保 | | --- | --- | --- | --- | --- | | 被担保人名称 | 保金额 | | 期预计额 | 是否有反 | | | （万元） | 额（不含本次 ...

南财智讯2月3日电，三棵树公告，公司于2026年2月2日与中国建设银行股份有限公司博野支行签署《本 金最高额保证合同》，为全资子公司河北三棵树涂料有限公司提供最高债权限额人民币20000.00万元的 连带责任保证担保。 ...

Investment Rating - The report maintains a "Recommended" rating for the building materials industry [1] Core Views - The report anticipates significant growth in revenue and profit for fiberglass in Q4 2025, while traditional building materials face performance pressure [1] - The overall outlook for the cement industry indicates continued price and profit stabilization, with domestic pressures expected to persist [4][7] - The glass industry is projected to experience ongoing revenue and profit pressure, particularly in the float glass segment due to weak downstream demand [14][20] - The fiberglass sector is expected to see robust growth driven by increased demand for raw yarn and high-end fabrics [28] Summary by Sections Cement - Q4 2025 is expected to see domestic cement performance under pressure, while overseas markets may perform better. The average national cement price is projected at 357 RMB per ton, down 16% year-on-year [7] - The report notes that the cement industry is experiencing a bottoming out phase, with a year-on-year production decline of 7% from January to November 2025 [7] - Non-operating projects may impact profits, with companies accelerating capacity replacement and asset disposals [4][7] Glass - The float glass industry is expected to remain under pressure, with high inventory levels and ongoing losses. The average price for 5mm float glass is projected at 62 RMB per box in Q4 2025, down 17% year-on-year [14] - The photovoltaic glass segment is also expected to face significant revenue and profit pressure due to weak domestic installation demand, with a projected average price of 12.3 RMB per square meter in Q4 2025 [20] Fiberglass - The fiberglass sector is projected to see continued high growth in revenue and profit, with domestic net demand reaching 5.48 million tons, a 19% year-on-year increase [28] - The average price for mainstream products is expected to be 3,603 RMB per ton in 2025, with a slight decrease in Q4 [28] - High-end electronic fabric prices are expected to rise, benefiting companies with a first-mover advantage [28] Renovation Materials - The renovation materials sector is expected to face continued pressure, with a year-on-year decline in housing starts, completions, and sales area [4] - Companies are exploring new business channels to maintain resilience in performance [4]