保利联合盘中涨停，已连收4个涨停板，截至9:25，该股报14.19元，换手率0.91%，成交量440.74万股， 成交金额6254.10万元，涨停板封单金额为7.04亿元。连续涨停期间，该股累计上涨46.44%，累计换手 率为3.11%。最新A股总市值达68.66亿元。 证券时报·数据宝统计，两融数据来看，该股最新（7月23日）两融余额为1.99亿元，其中，融资余额 1.99亿元，较前一个交易日减少979.65万元，环比下降4.69%，近4日累计减少1326.99万元，环比下降 6.24%。 龙虎榜数据显示，该股因连续三个交易日内，涨幅偏离值累计达20%上榜龙虎榜1次，买卖居前营业部 中，机构净卖出171.06万元，营业部席位合计净买入4231.16万元。 4月25日公司发布的一季报数据显示，一季度公司共实现营业总收入11.97亿元，同比增长21.23%，实现 净利润-0.60亿元，同比增长9.09%。7月15日公司公布了上半年业绩预告，预计实现净利润-0.70亿元 至-0.50亿元。（数据宝） 近日该股表现 | 日期 | 当日涨跌幅（%） | 换手率（%） | 主力资金净流入（万元） | | --- | - ...

雅下水电概念股显著分化，西藏天路（600326）、保利联合（002037）、苏博特（603916）、浙富控股 （002266）4连板。壶化股份（003002）跌超8%，江南化工（002226）、大禹节水（300021）等跌超 7%。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 一、股票交易异常波动的情况介绍 2.公司未发现近期公共传媒报道了可能或已经对本公司股票交易价格产生较大影响的未公开重大信息。 3.公司目前经营正常，近期公司经营情况及内外部经营环境未发生重大变化。 4.经向公司控股股东和实际控制人询问，控股股东和实际控制人不存在其他关于本公司的应披露而未披 露的重大事项，或处于筹划阶段的重大事项。 5.公司控股股东、实际控制人在股票异动期间不存在买卖公司股票的行为。 6.公司不存在违反信息公平披露的情形。 三、是否存在应披露而未披露信息的说明 本公司董事会确认，本公司目前没有任何根据《深圳证券交易所股票上市规则》等有关规定应予以披露 而未披露的事项或与该事项有关的筹划、商谈、意向、协议等；董事会也未获悉本公司有根据《深圳证 券交易所股票上市规则》等有关规定应予以披露而未披露的、对本公司股票及其衍生品种交易价格产生 较大影响的信息；公司前期披露的信息不存在需要更正、补充之处。 保利联合化工控股集团股份有限公司（以下简称公司）股票交易 ...

备受关注的雅江水电概念股当日走势分化。中国电建、西藏天路、高争民爆、保利联合等核心股收获三连板，水 泥、特高压明显回撤，安靠智电一度跌超13%，万年青、上峰水泥跌超8%，中国能建最后10分钟开板后巨量成交 超60亿元，收涨3%。 机构：可逢低布局景气优质赛道 广发证券高级投资顾问黎衍军认为，指数冲高回落并非趋势反转，而是多重压力的集中释放。若未来两日成交额 持续低于1.7万亿元，沪指短线支撑或下移至3536-3542点缺口。但放眼中期，流动性与政策红利并未转向，震荡 反而提供了"政策+业绩"双轮驱动的低吸窗口。逢回调布局景气上行、政策加持的优质赛道，仍是当前最优策略。 华泰证券研报表示，券商半年报预告业绩高增，且当前市场交投延续高景气度、杠杆资金持续活跃，可关注市场 和业绩共振下的券商修复行情。银行负债成本持续改善，预计二季度银行业绩有望筑底回稳，优质区域行持续领 先。 7月23日，大盘全天冲高回落。沪指盘中站上3600点，截至收盘，涨0.01%报3582.3点。全日市场成交1.9万亿元， 较前一日缩量303亿元。港股市场方面，恒生指数涨1.62%，创三年半以来新高，恒生科技指数涨2.48%，恒生国 企指数涨 ...

股票交易异常波动公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 一、股票交易异常波动的情况介绍 证券代码：002037 证券简称：保利联合 公告编号：2025-30 保利联合化工控股集团股份有限公司 股票的行为。 保利联合化工控股集团股份有限公司（以下简称公司）股票交 易价格连续两个交易日（2025 年 7 月 22 日、7 月 23 日）收盘价格 涨幅偏离值累计超过 20%，根据《深圳证券交易所交易规则》的有关 规定，属于股票交易异常波动情况。 二、公司关注及核实情况的说明 针对公司股票异常波动，公司就相关事项进行了核查，有关情 况说明如下： 1.公司前期披露的信息不存在需要更正、补充之处。 2.公司未发现近期公共传媒报道了可能或已经对本公司股票交 易价格产生较大影响的未公开重大信息。 3.公司目前经营正常，近期公司经营情况及内外部经营环境未 发生重大变化。 4.经向公司控股股东和实际控制人询问，控股股东和实际控制 人不存在其他关于本公司的应披露而未披露的重大事项，或处于筹 划阶段的重大事项。 5.公司控股股东、实际控制人在股票异动期间不存在买卖公司 ...

Investment Rating - Industry rating is Neutral (maintained rating) [5] Core Insights - The Yarlung Tsangpo River hydropower project has commenced, which is expected to significantly boost the demand for civil explosives in the Tibet region [1][3][10] - The project involves an investment of approximately 1.2 trillion yuan, with the potential to create a demand for several hundred thousand tons of industrial explosives [3][11] - The hydropower project is a key investment project as outlined by the National Development and Reform Commission for the 2025 economic development plan [1][9] Summary by Sections Project Overview - The Yarlung Tsangpo River hydropower project is located in Linzhi City, Tibet, and will construct five tiered power stations [3][11] - The theoretical hydropower resource in Tibet is over 200 million kilowatts, accounting for 30% of the national total, with the Yarlung Tsangpo River basin being the most resource-rich area [1][9] Demand for Explosives - The construction of the hydropower project is projected to generate a demand for several hundred thousand tons of industrial explosives, based on the investment scale [3][11] - In 2024, the industrial explosive production and sales volume in Tibet is around 52,000 tons, with a year-on-year increase of 10% in early 2025 [3][11] Company Capacities - Several listed companies have established explosive production capacities in Tibet, including Gaozheng Explosives, Tibet Poly Jiulian, and others [4][15] - In 2024, the revenue from the southwestern (or Tibetan) region for these companies is projected to be significant, with Gaozheng Explosives' revenue from Tibet accounting for 76% of its total revenue [17][18] Financial Performance - The financial performance of companies in the explosive sector shows that Gaozheng Explosives has a high profit margin from its operations in Tibet, with a gross profit of 4.6 billion yuan, representing 89% of the company's total gross profit [17][18] - The revenue growth for companies like Guangdong Hongda in the Tibetan market has been substantial, with increases of 65.15% and 32.41% in 2023 and 2024, respectively [20]

Summary of the Conference Call on the Motuo Hydropower Station Project Industry and Company Involved - **Industry**: Hydropower and Explosives Industry - **Company**: Various companies involved in the construction and supply for the Motuo Hydropower Station project, including China Electric Power Construction, China Energy Construction, and local explosive companies like Gaozheng Minbao, Yipuli, and Baoli United. Core Points and Arguments - **Project Overview**: The Motuo Hydropower Station has a total investment of 1.2 trillion yuan, with plans to construct five tiered power stations and a core 50 km water diversion tunnel, aiming for a total installed capacity of 6,000 to 7,000 kilowatts and an expected annual power generation of 300 billion kilowatt-hours, which can supply electricity for 300 million people [1][2]. - **Strategic Significance**: The project will replace 90 million tons of coal, reduce carbon dioxide emissions by 300 million tons, optimize the energy structure in Eastern China, create approximately 200,000 jobs, and enhance military response capabilities at the border. It may also facilitate electricity exports to Bangladesh and Myanmar, increasing China's influence in South Asia [2]. - **Investment Breakdown**: The construction period is approximately ten years, with infrastructure investment accounting for 50% of the total investment. The project will require 250,000 tons of industrial explosives and 360 million electronic detonators, significantly benefiting the explosives industry [1][4]. - **Comparison with the Three Gorges Project**: The Motuo project will use a larger quantity of explosives compared to the Three Gorges Project, with total investment being four to five times greater. The Three Gorges Project used over 50,000 tons of explosives, while Motuo's requirements are expected to be much higher due to its geological and construction challenges [5][10]. - **Current Progress**: As of 2023, preliminary work has focused on geological data collection, traffic tunnel construction, and surface blasting, with approximately 6,000 tons of explosives already used [6][7]. - **Peak Usage of Explosives**: The peak period for explosive usage is anticipated to be from the third to the eighth year of construction (around 2027-2028), after which the demand will decrease as the focus shifts to equipment installation [8]. - **Market Share and Revenue**: Gaozheng Minbao is expected to capture about 50% of the market share for explosives, generating approximately 30 billion yuan in revenue with a profit margin of around 10% [3][17]. - **Explosive Pricing**: Prices for explosives in Tibet vary by region, with costs around 13,000 yuan per ton in Lhasa and up to 20,000 yuan in remote areas. The overall service fees for blasting are relatively fixed, including monthly service fees and operational costs [13][14]. - **Profitability of Explosives**: The profit margin for explosives in the region is higher than in mainland China, positively impacting the overall profitability of the Motuo project. The estimated revenue from explosives could reach around 35 billion yuan based on projected usage [23][24]. Other Important but Possibly Overlooked Content - **Geological Challenges**: The complex geological conditions and transportation difficulties in the region significantly affect construction progress and the reliance on blasting rather than tunneling machines [26]. - **Supplier Involvement**: Various companies are involved in different aspects of the project, including cement supply from Huaxin Cement and road construction by Xizang Tianlu, which are included in the total investment [21][32]. - **Bidding and Contracting**: The bidding process for the project has been ongoing, with several companies already confirmed to participate in construction tasks [35]. - **Impact on Local Economy**: The project is expected to have a substantial impact on the local economy, providing jobs and boosting the demand for local materials and services [2][4].

【导读】雅江水电站概念延续强势，宁德时代 AH 短线齐升 中国基金报记者 张舟 今天是 7 月 22 日星期二。基金君和你一起关注上午的市场行情和最新资讯！ 7 月 22 日上午， A 股三大股指小幅上涨。截至午间收盘，上证指数报 3568.78 点，涨 0.25% ；深证成指报 11069.57 点，涨 0.56% ；创业板指报 2312.74 点，涨 0.69% 。 沪深两市半日成交额突破 1 万亿元，达 1.14 万亿元，较上个交易日放量 513 亿元；个股跌 多涨少，全市场超 2700 只个股下跌。 盘面上，上午大基建板块全面爆发，贵金属、建筑等板块领涨 A 股，雅江水电站、水利水电 建设、西藏振兴、水泥制造等概念股持续火热；互联网、保险、银行板块整体走低， PEEK 材料、宇树机器人、 央企银行 等概念股不振。 | Wind热门概念指数 | | | | --- | --- | --- | | 水利水电建设 雅江水电站 | 西部大基建 | 水泥制造 | | 9.84% 6.45% | 4.79% | 4.57% | | 西藏振兴 大基建央企 | 培育钻石 | 锂矿 | | 4.56% 4.08% | ...

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Group 1: Project Overview - The Yarlung Tsangpo River downstream hydropower project has officially commenced, with a total investment of approximately 1.2 trillion yuan, aiming to construct five cascade power stations [1] - The project is expected to generate an annual electricity output of about 300 billion kilowatt-hours, which is three times that of the Three Gorges Project [2] Group 2: Industry Impact - The project is anticipated to significantly boost demand for engineering machinery due to its large scale and the challenging geographical conditions, benefiting leading companies in the industry [2] - Major suppliers of hydropower equipment in China include Dongfang Electric, Shanghai Electric, and Harbin Electric, with Dongfang Electric achieving a 100% localization rate for 1 million kilowatt generator sets [2] - Central state-owned enterprises involved in hydropower engineering design and construction, such as China Power Construction Corporation and China Energy Engineering Corporation, are expected to be the first beneficiaries of the project [2] Group 3: Related Sectors - The high-altitude and complex geological conditions of the project will drive the demand for high-performance engineering machinery, favoring industry leaders [2][3] - The cement sector is likely to experience a new wave of growth due to the project, with companies like Tibet Tianlu and Huaxin Cement dominating the local market [3] - The commencement of the project is expected to significantly increase the demand for explosives in Tibet, benefiting companies with production capacity and business layout in the region, such as Gaozheng Minbao and Yipuli [3]