核心观点 投资建议与投资标的 本周宏观情绪强波动延续，商品市场波动性放大，短期碳酸锂期货价格回调后，现货端 补库需求对价格提供支撑；中期来看，锂盐供给受限、矿端成本上升，锂价中枢上行逻 辑未改。钴板块受原料成本支撑，电解钴价格回调后仍具韧性，整体下行空间有限，预 计市场维持震荡整理。 风险提示 新能源汽车增速不及预期，储能装机增速不及预期。 国家/地区 中国 行业 有色金属行业 报告发布日期 2026 年 02 月 08 日 看好（维持） | 于嘉懿 | 执业证书编号：S0860525110005 | | --- | --- | | | yujiayi1@orientsec.com.cn | | | 021-63326320 | | 宁紫微 | 执业证书编号：S0860525120005 | | | ningziwei@orientsec.com.cn | | | 021-63326320 | 有色金属行业 行业研究 | 行业周报 价格冲顶回落，节前采购加强 ——钴锂金属行业周报 | 铜精矿有望纳入战略储备范围，关键金属 | 2026-02-04 | | --- | --- | | 地位或进一步增强 | | ...

（编辑 袁冠琳） 证券日报网讯 2月3日，川能动力在互动平台回答投资者提问时表示，公司锂矿已建成投产，是公司未 来经营收入的重要板块。公司将密切关注行业动态和锂产品市场行情，加强经营统筹，抢抓市场机遇， 以良好经营业绩回报股东支持。 ...

每经AI快讯，1月27日，电池产业链集体下挫，天际股份（002759）触及跌停，川能动力（000155）、 国城矿业（000688）、盛新锂能（002240）、大中矿业（001203）、金圆股份（000546）跟跌。 ...

证券代码：000155 证券简称：川能动力 公告编号：2026-001号 债券代码：148936 债券简称：24 川新能 GCV01 四川省新能源动力股份有限公司 关于公司控股股东权益变动的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 2025 年 3 月 1 日，公司发布了《四川省新能源动力股份有限 公司关于收购报告书摘要及股东权益变动的提示性公告》（公告编 号 2025-008 号），公告了关于本次合并涉及的权益变动情况并披 露了《四川省新能源动力股份有限公司收购报告书摘要》《四川省 新能源动力股份有限公司简式权益变动报告书》等相关要件。 2025 年 3 月 6 日，公司披露了《四川省新能源动力股份有限 公司收购报告书》等相关要件。 本次合并完成后，公司控股股东由能投集团变更为四川能源发 展集团，实际控制人仍为四川省国资委。 二、本次控股股东权益变动进展情况 截至本公告披露日，本次控股股东权益变动涉及的能投集团直 接持有的公司股份尚未完成中国证券登记结算有限责任公司的登记 过户程序，相关工商变更登记手续尚未完成。 三、其他相关事项说明 重要内 ...

Group 1 - The power sector experienced a slight increase of 0.05% on the previous trading day, with TuoRi New Energy leading the gains [1] - The Shanghai Composite Index closed at 4136.16, up by 0.33%, while the Shenzhen Component Index closed at 14439.66, up by 0.79% [1] - Notable gainers in the power sector included TuoRi New Energy, which rose by 10.08% to a closing price of 5.46, and Solar Energy, which increased by 10.06% to 5.69 [1] Group 2 - The power sector saw a net outflow of 2.42 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.746 billion yuan [2] - The trading volume for TuoRi New Energy was 831,900 shares, with a total transaction value of 448 million yuan [1] - The stock performance of major companies showed varied results, with some experiencing declines, such as Shimao Energy, which fell by 2.52% to 27.44 [2] Group 3 - TuoRi New Energy had a net inflow of 230 million yuan from institutional investors, representing 51.41% of its trading volume [3] - Solar Energy experienced a net outflow of 197 million yuan from retail investors, indicating a shift in investor sentiment [3] - The overall trading dynamics in the power sector reflected a mixed sentiment, with significant inflows from retail investors countering the outflows from institutional investors [2][3]

| 证券代码：000155 | 证券简称：川能动力 | | 公告编号：2026-002 号 | | --- | --- | --- | --- | | 债券代码：148936 | 债券简称：24 | 川新能 | GCV01 | 四川省新能源动力股份有限公司 关于向专业投资者公开发行公司债券申请 获得中国证券监督管理委员会同意注册批复的公告 二、本次发行公司债券应严格按照报送深圳证券交易所的募集说 明书进行。 三、本批复自同意注册之日起 24 个月内有效，公司在注册有效 期内可以分期发行公司债券。 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 经四川省新能源动力股份有限公司（以下简称"公司"）2025 年第 1 次临时股东会审议批准，同意公司向深圳证券交易所申请注册 发行公司债券总额度不超过人民币 20 亿元（具体内容详见公司于 2025 年 8 月 29 日披露的《关于申请注册发行债务融资工具和公司债 券的公告》，公告编号：2025-052 号）。近日，公司收到中国证券 监督管理委员会《关于同意四川省新能源动力股份有限公司向专业投 资者公开发行公司债券注册的 ...

Group 1 - The A-share market saw a strong performance in lithium mining stocks, with notable gains from companies such as Chuaneng Power, which rose over 7%, and Tibet Summit and Guocheng Mining, which increased by over 6% [1] - The main contract for lithium carbonate surged by more than 5%, reaching a new high of 178,000 yuan per ton [1] Group 2 - Chuaneng Power's stock increased by 7.72%, with a total market capitalization of 25.8 billion yuan and a year-to-date increase of 19.83% [2] - Tibet Summit's stock rose by 6.47%, with a market cap of 19 billion yuan and a year-to-date increase of 37.83% [2] - Guocheng Mining's stock increased by 6.38%, with a market cap of 34.6 billion yuan and a year-to-date increase of 5.00% [2] - Other notable performers include Dazhong Mining (up 5.37%), Yiyaton (up 5.36%), and Ganfeng Lithium (up 4.54%) [2]

Group 1 - The A-share market saw a strong performance in lithium mining stocks, with notable gains from companies such as Chuaneng Power, which rose over 7%, and Tibet Summit and Guocheng Mining, which increased by over 6% [1] - The main contract for lithium carbonate surged by over 5%, reaching a new high of 178,000 yuan per ton [1] Group 2 - Chuaneng Power's market capitalization is 25.8 billion yuan, with a year-to-date increase of 19.83% [2] - Tibet Summit has a market capitalization of 19 billion yuan and a year-to-date increase of 37.83% [2] - Guocheng Mining's market capitalization stands at 34.6 billion yuan, with a year-to-date increase of 5.00% [2] - Other companies like Dazhong Mining and Yiyaton also reported gains of over 5%, with market capitalizations of 48.7 billion yuan and 15.3 billion yuan respectively [2] - Ganfeng Lithium, with a market capitalization of 153.1 billion yuan, saw a year-to-date increase of 16.11% [2] - Yongxing Materials and Aolian Electronics reported increases of 4.29% and 4.21% respectively, with market capitalizations of 29.5 billion yuan and 3.22 billion yuan [2] - The overall trend indicates a positive momentum in the lithium sector, supported by the MACD golden cross signal [2]

Group 1 - The core viewpoint of the articles highlights the strong performance and upward trends in the rare metals market, driven by increasing demand and supply constraints [1][2][3] Group 2 - As of January 23, 2026, the CSI Rare Metals Theme Index (930632) rose by 1.28%, with key stocks like Western Materials hitting the daily limit up and others like Chuaneng Power and Zhuhai Group also showing significant gains [1] - The top ten weighted stocks in the CSI Rare Metals Theme Index accounted for 59.54% of the index, with companies such as Luoyang Molybdenum, Northern Rare Earth, and Ganfeng Lithium leading the list [1] - The rare metals ETF fund (561800) saw a 1.41% increase, with a maximum intraday rise exceeding 2%, and recorded a turnover rate of 6.48% with total transactions of 14.6183 million yuan [1] - The price of battery-grade lithium carbonate increased by 4,000 yuan to 152,500 yuan per ton on January 20, 2026, reflecting a more than 28% rebound from the year's low, driven by surging storage demand and supply constraints [2] - New energy storage technologies are expanding rapidly, with lithium battery shipments in China reaching 430 GWh in the first three quarters of 2025, a year-on-year increase of 99.07% [2] - The supply-demand dynamics for rare metals are undergoing significant changes, with tungsten concentrate prices rising by 4.3% week-on-week to 507,000 yuan per ton, and prices for praseodymium-neodymium oxide and dysprosium oxide also increasing [3] - The CS Rare Metals Index, tracked by the rare metals ETF fund, is one of the highest in energy metal content, particularly lithium and cobalt, and is expected to benefit from ongoing market trends [3]

Group 1 - The core point of the article is that Chuaneng Power (SZ000155) reached its daily limit with a price of 14.26 yuan, reflecting a 9.26% increase and a total market capitalization of 26.142 billion yuan, driven by growth in lithium battery business, state-owned enterprise resource integration, and rich project reserves [1] Group 2 - Chuaneng Power's lithium battery production capacity has significantly increased, with the Lijiagou lithium mine achieving an annual output of 180,000 tons of concentrate and 45,000 tons of lithium salt, leading to a staggering 1210.80% year-on-year increase in net profit in Q3 2025 [1] - The new controlling shareholder, Sichuan Energy Development Group, has integrated resources from the Energy Investment Group and Chuan Investment Group, which may create synergistic effects [1] - The company has received approval for a 2.5 billion yuan debt financing tool, enhancing its financial strength, and its wind power business benefits from high-altitude wind resource advantages, with 2.07 million kilowatts of wind and photovoltaic projects expected to be operational by 2026 [1] - The renewable energy and lithium battery sectors are currently market hotspots, with potential capital inflows driving stock price increases [1] - Technical analysis suggests that significant inflows of main funds and a breakthrough of key resistance levels could also contribute to the stock's limit-up performance [1]