Investment Strategy Overview - The report emphasizes two main investment themes for the chemical industry: anti-involution policies and domestic substitution, which are expected to drive recovery and growth in the sector [4][5][6] Anti-Involution and Cycle Recovery - The report suggests that the chemical industry is at a turning point, with anti-involution measures leading to a recovery in the cycle. Key areas include the peak of new capacity in organic silicon, the end of PTA capacity expansion, and a rebound in prices for certain chemicals due to supply chain disruptions [4][5] - The China Chemical Product Price Index (CCPI) has decreased significantly, dropping to 3865 points by November 30, 2025, down 16.37% from early 2024 and 10.71% from the beginning of 2025 [4][20] Domestic Substitution as a Growth Driver - Domestic substitution is highlighted as a key growth driver, with significant support from national policies for bio-based materials and advancements in technology leading to a more robust domestic supply chain [4][6] - The report identifies several companies positioned to benefit from these trends, including KaiSai Bio and RuiFeng New Materials, which are making strides in bio-based materials and lubricant additives, respectively [5][6] Market Dynamics and Price Recovery - The report notes that while the chemical market is experiencing a downturn, certain segments are expected to see price recovery due to improved supply-demand dynamics and reduced capacity expansion [4][22] - Specific chemical products have shown varied price movements, with some experiencing significant declines while others are stabilizing or recovering [22] Manufacturing Sector Recovery - The manufacturing sector is showing signs of recovery, which is anticipated to support the chemical industry. The report mentions that the real estate market is stabilizing, and automotive production has increased, indicating a potential uptick in demand for chemical products [25][33] Capital Expenditure Trends - Capital expenditure growth in the chemical industry is slowing, with a notable decline in new projects. The report indicates that the total construction in progress for the chemical sector was 327.57 billion yuan in Q3 2025, down 17.64% year-on-year [34][39] Inventory and Consumption Trends - High inventory levels in the chemical sector are being addressed as consumer demand begins to recover. The report suggests that the inventory-to-revenue ratio for the basic chemical industry was 0.62 in Q3 2025, indicating a slight increase from the previous year [41][42] Profitability and Financial Performance - The report highlights a recovery in profitability for the chemical industry, with gross margins and return on equity (ROE) showing improvement in Q3 2025 compared to previous periods [56][60] - Specific sub-sectors, such as agrochemicals and fluorochemicals, have demonstrated significant profit growth, with some exceeding 100% year-on-year increases [55][56]

证券之星消息，12月15日化学纤维板块较上一交易日上涨2.68%，新乡化纤领涨。当日上证指数报收于 3867.92，下跌0.55%。深证成指报收于13112.09，下跌1.1%。化学纤维板块个股涨跌见下表： | 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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 000420 | 吉林化纤 | 6095.59万 | 15.85% | -3604.68万 | -9.37% | -2490.92万 | -6.48% | | 000949 | 新乡化纤 | 5765.54万 | 10.44% | -1872.18万 | -3.39% | -3893.36万 | -7.05% | | 002064 | 华峰化学 | 3554.39万 | 7.07% | 617.36万 | 1.23% | -4171.75万 | -8.30% | | 603225 | 新凤鸣 | 2141.20万 | 8.72% | -2034.62万 | -8. ...

证券之星消息，12月10日化学纤维板块较上一交易日上涨0.45%，华西股份领涨。当日上证指数报收于 3900.5，下跌0.23%。深证成指报收于13316.42，上涨0.29%。化学纤维板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000936 | 华西股份 | 7.98 | 10.07% | 69.24万 | 5.37 乙 | | 300876 | 蒙泰高新 | 34.28 | 2.63% | 2.95万 | 1.01亿 | | 600810 | 神马股份 | 8.66 | 2.24% | 22.37万 | 1.92亿 | | 002064 | 华峰化学 | 9.12 | 1.00% | 16.04万 | 1.45亿 | | 688722 | 司益中 | 17.70 | 0.74% | 2.79万 | 4937.45万 | | 600889 | 南京化纤 | 15.16 | 0.46% | 4.68万 | 7084.43万 | | 600370 | 三房巷 | 2.24 ...

从资金流向上来看，当日化学纤维板块主力资金净流出5130.72万元，游资资金净流入5692.09万元，散户 资金净流出561.37万元。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) | | | --- | --- | --- | --- | --- | --- | --- | | 300876 | 蒙泰高新 | 33.33 | 3.03% | 3.42万 | | 1.15亿 | | 688722 | 同益中 | 17.62 | 1.73% | 2.11万 | | 3720.13万 | | 920077 | 吉林碳谷 | 14.19 | 1.00% | 2.65万 | | 3755.43万 | | 000782 | 恒申新材 | 5.33 | 0.76% | 10.21万 | | 5439.63万 | | 688295 | 中复神鹰 | 25.69 | 0.71% | 2.53万 | | 6525.65万 | | 605166 | 聚合顺 | 10.67 | 0.66% | 2.22万 | | 2355.46万 | | 603332 | 苏州龙 ...

天眼查商业履历信息显示，华峰化学股份有限公司，成立于1999年，位于温州市，是一家以从事化学原 料和化学制品制造业为主的企业。企业注册资本496254.3897万人民币，实缴资本496254.3897万人民 币。公司法定代表人为尤飞煌。 通过天眼查大数据分析，华峰化学股份有限公司共对外投资了14家企业，参与招投标项目92次，知识产 权方面有商标信息32条，专利信息235条，此外企业还拥有行政许可8个。 来源：市场资讯 资金流向方面，今日主力资金净流入5078.20万元，占比成交额11.77%。其中，超大单净流入2236.77万 元、占成交额5.18%，大单净流入2841.43万元、占成交额6.59%，中单净流出流入1028.17万元、占成交 额2.38%，小单净流出6106.37万元、占成交额14.15%。 华峰化学最新一期业绩显示，截至2025三季报，公司营业总收入181.09亿元、同比减少11.11%，归属净 利润14.62亿元，同比减少27.45%，扣非净利润13.43亿元，同比减少29.62%，流动比率2.505、速动比率 2.029、资产负债率26.78%。 据交易所数据显示，截至2025年12月8 ...

东方证券研报指出，华峰化学业绩保持韧性，格局优化龙头具备弹性。前三季度实现归母净利润14.62 亿元，同比-27.45%，Q3实现归母净利润4.78亿元（同比-3.68%，环比-0.17%）。前三季度公司氨纶/己 二酸景气底部，原液盈利稳定，公司业绩保持韧性。氨纶行业格局改善，龙头具备量价弹性。供给端， 行业扩产进入末期，部分产能开始退出。需求端，随着瑜伽服、防晒服、卫材等弹性面料需求趋势兴 起，行业需求仍有望保持增长。行业格局将不断优化，龙头华峰化学将具备量价弹性。目前己二酸的盈 利水平处于历史底部区域，行业正处于优胜劣汰、产能进一步集中化的阶段。按照可比公司26年19倍 PE，给予公司目标价为10.64元，维持"买入"评级。 ...

华峰化学 002064.SZ 公司研究 | 季报点评 风险提示：在建项目不及预期；产品需求不及预期；氨纶产能消化风险；原材料价格 波动。 | 公司主要财务信息 | | | | | | | --- | --- | --- | --- | --- | --- | | | 2023A | 2024A | 2025E | 2026E | 2027E | | 营业收入(百万元) | 26,298 | 26,931 | 25,750 | 27,607 | 29,368 | | 同比增长 (%) | 1.6% | 2.4% | -4.4% | 7.2% | 6.4% | | 营业利润(百万元) | 2,768 | 2,563 | 2,251 | 3,203 | 3,811 | | 同比增长 (%) | -13.6% | -7.4% | -12.2% | 42.3% | 19.0% | | 归属母公司净利润(百万元) | 2,478 | 2,220 | 1,944 | 2,785 | 3,322 | | 同比增长 (%) | -12.9% | -10.4% | -12.4% | 43.3% | 19.3% | | 每股收益（ ...

化工板块今日（12月5日）震荡拉升，反映化工板块整体走势的化工ETF（516020）全天几乎单边上 行，盘中场内价格最高涨幅达到1.65%，截至收盘，涨1.39%。 成份股方面，农药、氮肥、聚氨酯等板块部分个股涨幅居前。截至收盘，扬农化工飙涨6.11%，鲁西化 工大涨4.69%，华峰化学、博源化工、万华化学等多股跟涨超4%。 | 分时 多日 1分 5分 15分 30分 · | | | | | | | | F9 盘前盘后 婴加 九轮 画线 工具 (2 > | | | 化工ETF O | | 516020 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.80 | | | | | 516020[化工ETF] 15:00 价 0.800 露跌 0.010[1.27%] 均价 0.797 成交量 37 IOP... | | | | 1.65% | 0 :30 | | | +0.011 +1.39% | | | | | | | | | | | | | SSE CNY 15:00:11 阅 ...

证券之星消息，12月5日化学纤维板块较上一交易日上涨0.64%，华峰化学领涨。当日上证指数报收于 3902.81，上涨0.7%。深证成指报收于13147.68，上涨1.08%。化学纤维板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002064 | 华峰化学 | 9.66 | 3.98% | 32.57万 | 3.12 乙 | | 603073 | 彩蝶实业 | 19.33 | 2.82% | 2.30万 | 4378.53万 | | 688295 | 中复神鹰 | 25.51 | 2.66% | ● 1.99万 | 5011.88万 | | 603332 | 苏州龙杰 | 12.81 | 2.48% | 7.20万 | 9213.73万 | | 000782 | 恒申新材 | 5.29 | 2.32% | 13.03万 | 6891.60万 | | 600370 | 三房巷 | 2.31 | 2.21% | 25.44万 | 5799.57万 | | 603225 | 新 ...

昨日基金共对26家公司进行调研，扎堆调研长光华芯、华峰化学、奥比中光等。 证券时报·数据宝统计，12月4日共38家公司被机构调研，按调研机构类型看，基金参与26家公司的调研 活动，其中，5家以上基金扎堆调研公司共9家。长光华芯最受关注，参与调研的基金达15家；华峰化 学、奥比中光等分别获14家、7家基金集体调研。 （文章来源：证券时报网） 市场表现上，基金调研股中，近5日上涨的有14只，涨幅居前的有杰瑞股份、新金路、广联航空等，涨 幅为30.00%、18.14%、11.01%；下跌的有12只，跌幅居前的有石基信息、广博股份、长光华芯等，跌 幅为11.08%、6.47%、6.46%。 数据宝统计，基金参与调研股中，近5日资金净流入的有7只，大连重工近5日净流入资金6171.37万元， 主力资金净流入最多；净流入资金较多的还有杰瑞股份、常宝股份等，净流入资金分别为3564.34万 元、3087.41万元。（数据宝） 12月4日基金调研公司一览 | 代码 | 简称 | 基金家数 | 最新收盘价（元） | 近5日涨跌幅（%） | 行业 | | --- | --- | --- | --- | --- | --- | | ...