Group 1 - The company, Jilin Chemical Fiber (000420.SZ), stated on the investor interaction platform that it does not have any business related to PEEK (Polyether Ether Ketone) materials [1]

Core Viewpoint - The commercial aerospace industry is entering a rapid development phase driven by policy support, which will significantly boost the carbon fiber market, with demand expected to double within five years [1] Industry Summary - The National Space Administration of China released an action plan on November 25, 2025, aiming for a highly efficient and collaborative commercial aerospace ecosystem by 2027 [1] - The carbon fiber composite market in commercial aerospace is projected to grow from a hundred-ton level to a thousand-ton level in demand [1] - In 2025, China's actual carbon fiber consumption is expected to reach 96,446 tons, a year-on-year increase of 71.89%, primarily driven by the wind power blade and aerospace sectors [1] Company Summary - Companies that can consistently supply high-performance products are gradually regaining pricing power due to upgrades in application sectors [1] - On December 12, 2025, Toray announced a price increase of 10%-20% for its TORAYCA™ carbon fiber and related intermediate products, effective for orders shipped from January 2026 [1] - On December 15, 2025, Jilin Chemical Fiber announced price increases for its wet method 12TK carbon fiber and 3K carbon fiber, with increases of 5,000 yuan and 10,000 yuan per ton, respectively, effective January 1, 2026 [1] - The high-end carbon fiber industry is expected to enter a new phase of high-quality growth due to optimized supply-demand relationships and accelerated technological breakthroughs [1] - Key companies to watch in the carbon fiber sector include Jilin Chemical Fiber, Zhongfu Shenying, Zhongjian Technology, and Guangwei Composites [1]

Group 1 - The chemical fiber sector experienced a decline of 1.41% on December 31, with C Shuangxin leading the drop [1] - The Shanghai Composite Index closed at 3968.84, up 0.09%, while the Shenzhen Component Index closed at 13525.02, down 0.58% [1] - Key stocks in the chemical fiber sector showed varied performance, with Huillong New Materials rising by 4.60% and C Shuangxin falling by 16.11% [1][2] Group 2 - The main funds in the chemical fiber sector saw a net outflow of 244 million yuan, while retail investors had a net inflow of 177 million yuan [2] - The trading volume for C Shuangxin was 1.0414 million shares, with a total transaction value of 1.82 billion yuan [2] - The fund flow analysis indicates that Suzhou Longjie had a net inflow of 27.84 million yuan from main funds, while Jilin Chemical Fiber experienced a net outflow of 38.83 million yuan from retail investors [3]

Core Viewpoint - Shanghai Fangda Investment Management Co., Ltd. has reduced its shareholding in Jilin Chemical Fiber Co., Ltd. by 24,588,700 shares, representing 1% of the company's total share capital [1] Group 1: Shareholding Changes - After the reduction, Shanghai Fangda Investment Management Co., Ltd. holds 146,393,500 shares, which is 5.95% of the total share capital of Jilin Chemical Fiber Co., Ltd. [1]

Investment Rating - The report maintains a rating of "B" for the new materials sector, indicating a leading position in the market [2]. Core Insights - The commercial aerospace sector is experiencing rapid development driven by policy support, which is expected to significantly boost the carbon fiber industry. The market for carbon fiber composites is projected to double within five years, with demand anticipated to rise from hundreds of tons to thousands of tons [6]. - The actual consumption of carbon fiber in China is expected to reach 96,446 tons in 2025, reflecting a year-on-year increase of 71.89%, primarily driven by the wind power blade and aerospace sectors [6]. - The new materials sector index increased by 7.03%, outperforming the ChiNext index by 3.14% over the past week, with notable gains in various sub-sectors such as battery chemicals (up 13.29%) and semiconductor materials (up 6.30%) [3][18]. Summary by Sections Market Performance - The new materials sector has shown strong performance, with the new materials index rising by 7.03% and various sub-sectors experiencing significant increases, including battery chemicals (up 13.29%) and semiconductor materials (up 6.30%) [3][18]. - The overall market performance for the week (December 22-26, 2025) saw the Shanghai Composite Index increase by 1.88% and the ChiNext Index by 3.90% [14]. Price Tracking - The report provides a weekly price tracking of various chemical raw materials, including stable prices for amino acids and biodegradable plastics, while some vitamins showed slight decreases [4]. - Carbon fiber prices remain stable, with leading companies announcing price increases for their products starting in 2026 [6]. Investment Recommendations - The report suggests focusing on leading companies in the carbon fiber sector, such as Jilin Chemical Fiber, Zhongfu Shenying, Zhongjian Technology, and Guangwei Composites, as they are expected to benefit from the anticipated growth in demand [7].

证券代码：000420 证券简称：吉林化纤 公告编号：2025-57 吉林化纤股份有限公司（以下简称"公司"）今日收到公司股东上海方大投资管理有 限责任公司《关于减持公司股份的告知函》，其于 2025 年 12 月 29 日通过深圳证券交易 所通过集中竞价交易方式减持 24,588,700 股，占公司总股本的 1%。本次减持后，上海方 大投资管理有限责任公司持有公司股份 146,393,500 股，占公司总股本的 5.95%。具体情 况如下： | 1.基本情况 | | | | | --- | --- | --- | --- | | 信息披露义务人 | 上海方大投资管理有限责任公司 | | | | 住所 | 中国（上海）自由贸易试验区商城路 618 号 室 | 1007 | | | 权益变动时间 | 2025 年 12 月 29 日 | | | | 权益变动过程 | 2025年12月29日通过深圳证券交易所通过集中竞价交易方式减持24,588,700 股，占公司总股本的 1%。本次减持计划的实施不会导致公司控制权发生变更， | | | | | 不会对公司治理结构、股权结构及持续性经营产生重大影响。 | | | ...

Group 1 - The core point of the article is that Jilin Chemical Fiber announced a share reduction by its shareholder Shanghai Fangda Investment Management Co., Ltd. [1] - On December 29, 2025, the shareholder reduced its holdings by 24.5887 million shares, which represents 1% of the company's total share capital [1] - After the reduction, the shareholder holds 146 million shares, accounting for 5.95% of the company's total share capital [1]

Market Overview - The A-share market experienced mixed performance with the Shanghai Composite Index recording a "9 consecutive days of gains" as of December 29, 2023, marking a slight increase of 0.04% [1] - The Shenzhen Component Index and the ChiNext Index fell by 0.49% and 0.66% respectively, while the North Star 50 Index decreased by 0.45% [1] - Total trading volume in the Shanghai and Shenzhen markets was 21,577 billion yuan, a decrease of 234 billion yuan from the previous day [1] Multi-Financial Sector - The multi-financial sector showed active performance, with stocks like Lakala leading the gains, and companies such as Cuiwei Co., Luxin Venture Capital, and Yuexiu Capital reaching around 10% limit up [3] - On December 26, the Shanghai Stock Exchange announced new guidelines to support high-quality commercial rocket enterprises under the Sci-Tech Innovation Board, which is expected to accelerate the development of the commercial aerospace industry [3] - The rapid growth of the commercial aerospace sector is projected to create significant market opportunities for carbon fiber composite materials, which can account for 70%-90% of the structural weight in spacecraft [3] Carbon Fiber Industry - Shanxi Securities noted that leading companies in the carbon fiber industry are announcing price increases, indicating a recovery in industry conditions [4] - The market for carbon fiber is showing clear differentiation, with general products facing strong competition, while high-end applications in aerospace, hydrogen storage, and wind power require consistent performance and reliable supply [4] - According to Baichuan Yingfu, China's actual consumption of carbon fiber is expected to reach 96,446 tons in 2025, a year-on-year increase of 71.89%, primarily driven by the wind power and aerospace sectors [4] Brain-Computer Interface Sector - The brain-computer interface sector saw significant gains, with Haige Communication reaching around 10% limit up, followed by companies like Meihao Medical and Mcland [5] - On December 26, the National Medical Products Administration released a list of high-end medical devices for priority approval, which includes implantable brain-computer interface devices [5] - The global brain-computer interface market is currently valued at several billion dollars and is expected to exceed 10 billion dollars by 2030, with the medical application market projected to reach 40 billion dollars by 2030 and 145 billion dollars by 2040 according to McKinsey [5][6]

Core Viewpoint - The Shanghai Composite Index achieved a "nine consecutive days of gains," while the ChiNext Index experienced a decline of over 1% at one point, indicating mixed performance across major indices [1] Market Overview - The total trading volume in the Shanghai and Shenzhen markets reached 2.14 trillion yuan, a decrease of 20.9 billion yuan compared to the previous trading day [1] - Over 3,300 stocks in the market experienced declines, highlighting a broad market weakness despite some sector strengths [1] Sector Performance - The robotics sector showed strong activity in the afternoon, with companies like Boke Co., Ltd. hitting the daily limit of 20% and reaching a historical high, alongside other stocks such as Wuzhou New Spring and Mould Technology also hitting the daily limit [1] - The commercial aerospace sector continued its strong performance, with Shenjian Co., Ltd. achieving eight consecutive daily limits, and other companies like Goldwind Technology and Leike Defense also seeing daily limit increases [1] - The carbon fiber sector was notably active, with Jilin Chemical Fiber and Heshun Technology both hitting the daily limit [1]

Group 1 - The carbon fiber concept sector rose by 2.52%, ranking second among concept sectors, with 47 stocks increasing, including Heshun Technology which hit the daily limit with a 20% increase [1] - Notable gainers in the carbon fiber sector included Jilin Carbon Valley, Guangwei Composite, and Zhongfu Shenying, which rose by 23.65%, 14.86%, and 9.02% respectively [1] - The sector experienced a net outflow of 500 million yuan from main funds, with 32 stocks seeing net inflows, and five stocks receiving over 100 million yuan in net inflows, led by Guangwei Composite with 348 million yuan [2][3] Group 2 - Jilin Chemical Fiber, Heshun Technology, and Daosheng Tianhe had the highest net inflow ratios at 25.72%, 19.30%, and 15.73% respectively [3] - The top stocks by net inflow in the carbon fiber sector included Guangwei Composite, Jilin Chemical Fiber, and Jinfat Technology, with net inflows of 348 million yuan, 298 million yuan, and 208 million yuan respectively [2][3] - The overall market performance showed a mixed trend, with some stocks like Daye Intelligent and TBEA experiencing declines of 16.38% and 3.20% respectively [1][2]