从资金流向上来看，当日化学纤维板块主力资金净流出1.71亿元，游资资金净流出1729.45万元，散户资 金净流入1.88亿元。化学纤维板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002427 | 尤夫股份 | 7.51 | -4.57% | 38.94万 | 2.94亿 | | 002998 | 优彩资源 | 8.17 | -3.77% | 16.14万 | 1.32亿 | | 000677 | 恒天海龙 | 4.36 | -2.46% | 23.63万 | 1.03亿 | | 600810 | 神马股份 | 8.97 | -2.07% | 20.05万 | 1.80亿 | | 603225 | 新凤鸣 | 20.85 | -2.02% | 22.77万 | 4.78亿 | | 001369 | 双欣环保 | 14.87 | -1.39% | 13.88万 | 2.07亿 | | 600063 | 皖维高新 | 7.20 | -1.23% | 60.34万 | 4. ...

Investment Rating - The report maintains an "Outperform" rating for the construction materials sector, indicating a positive outlook compared to the broader market [2] Core Views - A new round of urban renewal is beginning, which is expected to provide significant opportunities in the consumer building materials sector, effectively countering the decline in new housing market demand [8] - The report highlights that after a prolonged downturn in the real estate sector, profitability in various segments of the construction supply chain is starting to recover, particularly for leading companies that have undergone strategic adjustments [8] - The report emphasizes the potential for price increases in certain segments, such as waterproofing and coatings, as companies respond to improved market conditions [8] Summary by Sections Cement - The cement market is entering a seasonal downturn, with demand expected to decline. The average shipment rate for major regions has dropped to 29%, a decrease of approximately 10 percentage points [27][34] - The national average price for cement remains stable at around 353 RMB per ton, with minor fluctuations observed in specific regions [28][34] - The report suggests that after the Spring Festival, demand may recover as new key projects are expected to commence, potentially stabilizing prices [34] Glass - The glass market is also experiencing a decline in demand, with production capacity decreasing to approximately 14.95 million tons, the lowest in recent years [53] - The average price for float glass has increased slightly to 1,139 RMB per ton, with inventory levels decreasing [38] - The report indicates that the glass industry is facing profitability challenges, leading to accelerated production line cold repairs, which may help stabilize the market [53] Fiberglass - The fiberglass market is seeing stable pricing for both roving and electronic fabrics, with the price of 7628 electronic fabric currently at approximately 4.4-4.85 RMB per meter [55] - The report anticipates continued high demand for electronic fabrics, supported by structural adjustments and a shortage of high-end products [55] - Key recommendations include focusing on leading companies like China Jushi, with additional attention on International Composite Materials and Zhongcai Technology [55] Carbon Fiber - Carbon fiber prices are expected to remain stable in the short term, with the rapid development of commercial aerospace potentially driving new demand [55] - The report notes that the current price stability is a necessary step for increased market penetration, with significant growth expected in the aerospace sector [55] Consumer Building Materials - The report highlights the resilience of consumer building materials, with leading companies like Sanke Tree and Rabbit Baby showing strong growth potential as they emerge from profitability challenges [8] - The urban renewal initiative is expected to create substantial market opportunities, particularly for high-quality consumer building materials [8]

空天系列报告二： 太空碳纤维：黑金时代开启 研究团队： 军工组 吴爽 报告日期：2026年1月24日 证券研究报告 * 请务必阅读最后一页免责声明 ➢ 风险提示：技术发展不及预期风险；需求不及预期风险；行业竞争加剧风险。 卫星用碳纤维：受益于整星重量增大，未来单星碳 纤维渗透率有望进一步提升 03 摘要 04 相关公司 证券研究报告 * 请务必阅读最后一页免责声明 1 • 碳纤维被誉为"黑色黄金"，按力学性能分为T系列（侧重拉伸强度，如T300）和M系列（侧重拉伸模量，如M40J）。M系列碳纤维通过 高温石墨化处理（含碳量超99%），模量可达300-600GPa，更适合太空环境。 • 碳纤维在火箭中用于整流罩、级间段、着陆腿等关键部位，能实现20%-50%的减重效果。SpaceX的"猎鹰9号"将其应用于整流罩、级间 段等复合结构。国内案例"微光一号"是全碳纤维火箭，减重30%以上，预计2028年商用。 • 卫星中碳纤维用于散热片、精密结构、太阳能电池板吊杆和天线反射器等，占比约15.1%。目前铝合金仍主导（36.7%），但碳纤维因低 热膨胀系数和减重效果，渗透率有望提升。Starlink卫星迭代显示，单星重量 ...

1月22日，中复神鹰涨1.94%，成交额3.41亿元。两融数据显示，当日中复神鹰获融资买入额3607.42万 元，融资偿还2835.21万元，融资净买入772.21万元。截至1月22日，中复神鹰融资融券余额合计2.52亿 元。 机构持仓方面，截止2025年9月30日，中复神鹰十大流通股东中，中欧景气精选混合A（020876）位居 第七大流通股东，持股244.93万股，为新进股东。 责任编辑：小浪快报 资料显示，中复神鹰碳纤维股份有限公司位于江苏省连云港经济技术开发区大浦工业区南环路北，成立 日期2006年3月2日，上市日期2022年4月6日，公司主营业务涉及从事碳纤维研发、生产和销售。主营业 务收入构成为：碳纤维98.45%，其他1.55%。 截至9月30日，中复神鹰股东户数1.15万，较上期减少4.19%；人均流通股52140股，较上期增加4.38%。 2025年1月-9月，中复神鹰实现营业收入15.37亿元，同比增长37.39%；归母净利润6293.46万元，同比增 长854.72%。 分红方面，中复神鹰A股上市后累计派现1.85亿元。 融资方面，中复神鹰当日融资买入3607.42万元。当前融资余额2.5 ...

证券日报网讯1月22日，中复神鹰在互动平台回答投资者提问时表示，公司面向欧盟客户主要采取直接 销售模式，具体经营情况请以公司披露的定期报告为准。 ...

证券之星消息，1月22日化学纤维板块较上一交易日上涨1.13%，恒申新材领涨。当日上证指数报收于 4122.58，上涨0.14%。深证成指报收于14327.05，上涨0.5%。化学纤维板块个股涨跌见下表： 从资金流向上来看，当日化学纤维板块主力资金净流出264.18万元，游资资金净流出7529.41万元，散户 资金净流入7793.58万元。化学纤维板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002064 | 华峰化学 | 4373.75万 | 8.62% | -2296.93万 | -4.52% | -2076.82万 | -4.09% | | 000420 | 吉林化纤 | 3721.23万 | 4.39% | -1253.53万 | -1.48% | -2467.70万 | -2.91% | | 600370 | 三房巷 | 2114.26万 | 8.79% | -1878.22万 ...

Group 1 - Major project construction is seen as a "ballast" and "strong engine" for accelerating high-quality development, with various provinces releasing key project lists for 2026, particularly in the oil and chemical sectors [1] - Sichuan Province has announced a total of 830 key projects for 2026, with an expected investment of 762.48 billion yuan, including several significant oil and chemical projects [1] - Jiangsu Province's key project list includes 670 projects, with a focus on strategic emerging industries, advanced manufacturing, and several petrochemical projects [2] Group 2 - Hebei Province plans to arrange 747 key construction projects for 2026, with a total investment of 1.56 trillion yuan, focusing on strategic emerging industries and traditional industry upgrades [2] - Shanxi Province has included 629 projects in its 2026 key project list, with 63.4% focused on energy transition and industrial upgrades, highlighting the importance of these sectors [3] - The energy transition projects in Shanxi involve hydrogen energy, new materials, and green electricity, along with various petrochemical projects aimed at enhancing sustainability [3]

Group 1: Organizational Restructuring - The company has approved an organizational restructuring to enhance management efficiency and effectiveness [1] - New departments established include the Quality Management Department and the Legal Compliance Department, while the Audit Compliance Department has been renamed to the Audit Department [1] - The Composite Materials Division has been dissolved, with its functions transferred to the newly formed Dapu Business Unit Composite Materials Workshop [2] Group 2: Shareholder Reduction Plan - Prior to the reduction plan, Eagle Group held 39,990,306 shares, representing 4.45% of the company's total equity [6] - The reduction plan allowed Eagle Group to sell up to 9,000,000 shares, not exceeding 1% of the total equity, within a specified trading period [7] - The reduction was completed with Eagle Group selling a total of 9,000,000 shares, bringing their ownership down to 34,000,000 shares, or 3.78% of the total equity [8]

Core Viewpoint - The announcement from Zhongfu Shenying indicates that Yingyou Group has completed a share reduction plan, selling a total of 9 million shares, which represents 1% of the company's total equity [1]. Group 1 - Yingyou Group held 39,990,306 shares before the reduction, accounting for 4.45% of the total equity [1]. - The share reduction occurred between January 5, 2026, and January 19, 2026, through centralized bidding transactions [1]. - The completion of the share reduction plan signifies a strategic move by Yingyou Group to adjust its stake in Zhongfu Shenying [1].

Group 1 - The core point of the article is that Zhongfu Shenying announced the completion of a share reduction plan by Eagle Group, which involved a total reduction of 9 million shares, accounting for 1% of the company's total share capital [1] Group 2 - The share reduction took place between January 5, 2026, and January 19, 2026, through centralized bidding transactions [1]