| 指数 | 收盘 | | 涨跌（％） | | | --- | --- | --- | --- | --- | | 名称 | （点） | 1 日 | 5 日 | 1 月 | | 上证指数 | 4139 | -0.64 | 6.41 | 1.35 | | 深证综指 | 2676 | -1.42 | 8.19 | 2.23 | | 风格指数 (％) | 昨日 | 近 1 个月 | 近 6 个月 | | --- | --- | --- | --- | | 大盘指数 | -0.67 | 3.31 | 18.67 | | 中盘指数 | -1.16 | 11.37 | 33.83 | | 小盘指数 | -1.84 | 12.18 | 30.49 | | 涨幅居前 行业(％) | 昨日 | 近 1 个月 | 近 6 个月 | | --- | --- | --- | --- | | 医疗服务Ⅱ | 4.31 | 18.07 | 27.38 | | 油服工程 | 3.09 | 10.35 | 11.46 | | 贵金属 | 2.93 | 14.92 | 50.4 | | 电网设备 | 2.59 | 10.08 | 47.67 ...

格隆汇1月13日｜申万宏源研究指出，新和成依托高壁垒核心中间体拓品，着眼于国产替代，成长为全 球性精细化工产业领军者。公司早期突破维生素A 和E 的国产化难题，后续依托高壁垒核心中间体，并 考虑客户协同和国产替代，进行产业链延伸，形成了营养品、香精香料、新材料、原料药及中间体、生 物发酵等多板块协同布局。当前蛋氨酸价格回落，但成本曲线陡峭，底部支撑强；公司位于曲线最左 侧，底部利润坚实，且海外产能受制于成本及环保压力逐步退出，26年欧盟碳关税或加速这一趋势，蛋 氨酸价格弹性可期。25年公司7 万吨固蛋技改和18万吨液蛋项目落地，26年或迎量利齐升。香精香料持 续拓品，板块稳健增长；新材料彰显产业与技术协同，己二腈再添成长曲线。考虑到公司是全球性的精 细化工领军者，规模成本优势突出，周期底部兼具弹性及新材料成长性，维持"增持"评级。 ...

| | | | --- | --- | | | | | . | 1 | | . | | | 市场数据: | 2026 年 01 月 12 日 | | --- | --- | | 收盘价（元） | 25.36 | | 一年内最高/最低（元） | 26.28/19.52 | | 市净率 | 2.4 | | 股息率%（分红/股价） | 3.55 | | 流通 A 股市值(百万元) | 77,015 | | 上证指数/深证成指 4,165.29/14,366.91 | | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2025年09月30日 | | --- | --- | | 每股净资产 (元) | 10.48 | | 资产负债率% | 28.25 | | 总股本/流通 A 股 (百万) | 3,073/3,037 | | 流通 B 股/H 股 (百万) | -/- | 市公司 同研究人公司深 年内股价与大盘对比走势: 沪深300指数 相关研究 证券分析师 李绍程 A0230525070002 lisc@swsresearch.com 宋涛 A0230516070001 songtao@sw ...

上 市 公 司 -20% 0% 20% 40% 01-13 02-13 03-13 04-13 05-13 06-13 07-13 08-13 09-13 10-13 11-13 12-13 新和成 沪深300指数 (收益率) 相关研究 证券分析师 李绍程 A0230525070002 lisc@swsresearch.com 宋涛 A0230516070001 songtao@swsresearch.com 马昕晔 A0230511090002 maxy@swsresearch.com 联系人 公 司 研 究 / 公 司 深 度 证 券 研 究 报 告 | | | | --- | --- | | | | | . | 1 | | . | | | 市场数据： | 2026 年 01 月 12 日 | | | --- | --- | --- | | 收盘价（元） | | 25.36 | | 一年内最高/最低（元） | 26.28/19.52 | | | 市净率 | | 2.4 | | 股息率%（分红/股价） | | 3.55 | | 流通 A 股市值（百万元） | 77,015 | | | 上证指数/深证成指 | ...

来源：只想抄大佬作业 | 股票 | 增减 | 股东类型 | 持股数 | 硬新日期 | 酸景名称 | 市值 | 变动 | 股东省称 | 占比 | 比例 | 增减数量 | 44883 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.50% | 十大优通股东 | 002001 | 重阳战略服留 | 新和成 | 1509.67万股 | 3.674Z | 不少 | 0万股 | 0.49% | 十大股东 | | | | | | | | | | | 2025年 | 十大流通股东 | 0.89% | 6.54Z | 002001 | 重阳战略汇报 | 2693.07万股 | 0万股 | 不变 | 不变 | 新和成 | 三字号 | | | | | | | | | | 0.88% | 十大股东 | ( 2025.9.30 ) | 十大流過股东 | 0.63% | | | | | | | | | | ...

Investment Rating - The industry investment rating is "Overweight," indicating an expected outperformance of the industry index relative to the benchmark by more than 5% over the next six months [70]. Core Insights - The average prices for pure MDI, polymer MDI, and TDI are reported at 18,043, 14,171, and 14,478 CNY/ton respectively, with TDI showing a week-on-week increase of 59 CNY/ton [2]. - The average prices for ethane, propane, and coal are 1,165, 4,172, and 520 CNY/ton respectively, with ethane decreasing by 85 CNY/ton and propane increasing by 45 CNY/ton [2]. - The average prices for synthetic ammonia, urea, DMF, and acetic acid are 2,213, 1,724, 3,787, and 2,546 CNY/ton respectively, with synthetic ammonia decreasing by 34 CNY/ton and urea increasing by 12 CNY/ton [2]. - The average prices for animal nutrition products such as VA and VE are 62.5 and 54.9 CNY/kg respectively, with no significant changes [2]. Summary by Sections Polyurethane Sector - The average prices for pure MDI, polymer MDI, and TDI are 18,043, 14,171, and 14,478 CNY/ton respectively, with TDI showing a week-on-week increase of 59 CNY/ton [2][16][20]. Oil, Coal, and Olefins Sector - Ethane and propane average prices are 1,165 and 4,172 CNY/ton respectively, with ethane decreasing by 85 CNY/ton and propane increasing by 45 CNY/ton [2][24][31]. - The average price for polyethylene is 6,800 CNY/ton, reflecting a week-on-week increase of 30 CNY/ton [2]. Coal Chemical Sector - The average prices for synthetic ammonia, urea, DMF, and acetic acid are 2,213, 1,724, 3,787, and 2,546 CNY/ton respectively, with synthetic ammonia decreasing by 34 CNY/ton and urea increasing by 12 CNY/ton [2][40][48][49]. Animal Nutrition Sector - The average prices for VA, VE, solid egg amino acid, and liquid egg amino acid are 62.5, 54.9, 17.6, and 14.2 CNY/kg respectively, with no significant changes [2][56][62].

Investment Rating - The report maintains a "Recommended" rating for the chemical industry [1] Core Insights - The chemical industry is expected to experience an upward cycle due to the implementation of "anti-involution" policies in China and the accelerated exit of some European facilities [29] - The report highlights the potential for domestic substitution of semiconductor materials from Japan due to rising geopolitical tensions, which could benefit various companies in the sector [5] - The chromium salt industry is undergoing a value reassessment driven by increased demand from AI data centers and commercial aircraft engines, with a projected supply-demand gap of 340,900 tons by 2028 [8] Summary by Sections Industry Performance - The chemical industry has shown strong relative performance with a 1-month increase of 10.7%, 3-month increase of 9.6%, and a 12-month increase of 45.1%, outperforming the CSI 300 index [3] Price Trends - Key products such as lithium carbonate and polysilicon have seen significant price increases, supported by policy guidance and industry self-discipline [12] - The price of chromium salts has remained stable, with metal chromium priced at 82,000 CNY/ton as of January 9, 2026 [15] Investment Opportunities - Focus on companies with low-cost expansion capabilities, such as Wanhu Chemical and Hualu Hengsheng, as well as those in sectors with improving market conditions like chromium salts and phosphates [6][9] - High dividend yield opportunities are identified in state-owned enterprises like China Petroleum and China National Chemical [10] Key Company Tracking - Companies such as Dongfang Shenghong and Huabei Yihua are highlighted for their earnings potential, with projected EPS growth for 2026 [30] - The report tracks specific price movements for various chemicals, including a notable increase in the price of ammonium phosphate and a stable price for urea [17][19]

格隆汇1月9日丨新和成(002001.SZ)在投资者互动平台表示，公司PPS、PPA系列产品均有商业航天领域 订单。 ...

Wind数据显示，1月8日，8家公司共发布8个股票回购相关进展。其中，5家公司披露股票回购实施进 展，3家公司回购方案已实施完毕。 从已完成回购来看，当日共3家公司回购金额超千万。京新药业、华昌达、实朴检测已完成回购金额最 高，分别回购6.09亿元、4189.96万元、3195.12万元。 截至1月8日，今年以来已有29个回购方案已实施完毕，涉及22家公司，其中7家公司已完成回购金额超 亿元。其中京东方A、京新药业、新和成回购金额居前，分别已完成回购15.00亿元、6.09亿元、5.56亿 元。 从回购实施进展来看，健盛集团、东诚药业、民生健康回购金额最高，分别回购1.18亿元、1718.63万 元、1499.93万元。 ...

证券日报网讯 1月7日，新和成（002001）在互动平台回答投资者提问时表示，公司努力提升经营业绩 回报股东，致力于不断增强自身核心竞争力提升公司投资价值。 ...