证券代码：002176 证券简称：江特电机 公告编号：2026-004 | | | | | | 占公 | 已质押股份情况 | | | 未质押股份情况 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名称 | 持股数量（股） | 持股比例 | 累计质押股 份数量（股） | 占其所 持股份 | 司总 | 已质押 股份限 | 占已 质押 | 未质押 股份限 | 占未质押 | | | | | | 比例 | 股本 比例 | 售和冻 结、标记 | 股份 | 售和冻 结数量 | 股份比例 | | | | | | | | 数量 | 比例 | | | | 江西江特电气集 团有限公司 | 240,875,533 | 14.12% | 112,000,000 | 46.50% | 6.56% | 0 | 0 | 0 | 0 | 江西特种电机股份有限公司 关于控股股东股份质押事项的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 江西特种电机股份有限公司（以下简称"公司"）于近日接到公司控股股 ...

Core Viewpoint - The company expects a net profit loss attributable to shareholders of 310 million to 370 million yuan for the fiscal year 2025, compared to a loss of 319 million yuan in the same period last year [1] Group 1: Financial Performance - The projected net profit loss for 2025 is in the range of 310 million to 370 million yuan [1] - The previous year's loss was recorded at 319 million yuan [1] Group 2: Operational Challenges - The company's core lithium mine, Qikeng, has not yet commenced mining operations [1] - The raw materials for lithium ore are primarily sourced externally, making procurement prices closely tied to lithium salt market prices [1] - Due to market environment factors, the gross profit margin of the company's lithium salt products has declined, leading to operational losses [1]

Financial Performance - The company expects a net loss attributable to shareholders between RMB 310 million and RMB 370 million for the fiscal year 2025, compared to a net loss of RMB 319.19 million in the same period last year[3]. - The net loss after deducting non-recurring gains and losses is projected to be between RMB 220 million and RMB 280 million, an improvement from a loss of RMB 547.91 million in the previous year[3]. - Basic earnings per share are expected to be a loss of RMB 0.18 to RMB 0.22, compared to a loss of RMB 0.19 per share last year[3]. - Investors are advised to note that the financial data is preliminary and subject to change pending the final annual report[8]. Product and Market Performance - The company's lithium salt product gross margin has decreased due to market price fluctuations, impacting overall performance negatively[5]. - The electric motor segment has seen a significant increase in new product orders, with steady growth in sales revenue and net profit[6]. Strategic Initiatives - The company plans to accelerate the preparation work for the Qikeng mining area to commence production as soon as possible[7]. - Increased R&D investment in the electric motor sector aims to strengthen the company's position in the robotics market and develop high-end brands[7]. - The company is focusing on sustainable technology barriers and industry advantages by leveraging its team's expertise in superhard materials and artificial intelligence[7]. - Continuous optimization of production management and cost reduction efforts are expected to enhance overall company performance[7].

Market Overview - The electric motor sector experienced a decline of 1.21% on the previous trading day, with Huayang Intelligent leading the drop [1] - The Shanghai Composite Index closed at 4151.24, up by 0.27%, while the Shenzhen Component Index closed at 14342.9, up by 0.09% [1] Stock Performance - Notable gainers in the electric motor sector included: - China Electric Motor (603988) with a closing price of 38.13, up by 10.01% and a trading volume of 151,300 shares, totaling 567 million yuan [1] - Fangzheng Electric (002196) closed at 18.25, up by 4.95% with a trading volume of 1,320,200 shares, totaling 2.327 billion yuan [1] - Conversely, significant decliners included: - Huayang Intelligent (301502) which closed at 44.79, down by 5.61% with a trading volume of 22,100 shares, totaling 101 million yuan [2] - Yifan Transmission (301023) closed at 48.39, down by 4.25% with a trading volume of 59,000 shares, totaling 288 million yuan [2] Capital Flow - The electric motor sector saw a net outflow of 671 million yuan from major funds, while retail investors contributed a net inflow of 605 million yuan [2] - The detailed capital flow for selected stocks showed: - China Electric Motor had a net inflow of 41.27 million yuan from major funds, while retail investors had a net outflow of 8.35 million yuan [3] - Fangzheng Electric experienced a net inflow of 25.17 million yuan from major funds, with a net outflow of 1.65 million yuan from retail investors [3]

Market Overview - The motor sector increased by 0.05% compared to the previous trading day, with Zhao Wei Electric leading the gains [1] - The Shanghai Composite Index closed at 4139.9, up by 0.18%, while the Shenzhen Component Index closed at 14329.91, up by 0.09% [1] Stock Performance - Zhao Wei Electric (003021) closed at 123.15, with a rise of 1.03% and a trading volume of 56,500 shares, amounting to a transaction value of 683 million yuan [1] - Xiangdian Co. (600416) closed at 15.65, up by 0.97%, with a trading volume of 389,600 shares [1] - Mingzhi Electric (603728) closed at 73.56, increasing by 0.85%, with a trading volume of 100,300 shares [1] - Jiangsu Leili (300660) closed at 54.43, up by 0.80%, with a trading volume of 112,190 shares [1] - Huayang Intelligent (301502) closed at 47.45, with a rise of 0.70% [1] - Wolong Electric (600580) closed at 44.97, increasing by 0.65%, with a trading volume of 567,800 shares [1] - Other notable stocks include Huaxin Precision (603370) and Bafang Co. (603489), with minor increases [1] Fund Flow Analysis - The motor sector experienced a net outflow of 465 million yuan from institutional investors and a net outflow of 176 million yuan from speculative funds, while retail investors saw a net inflow of 641 million yuan [2] - The detailed fund flow for specific stocks indicates that Zhongdian Electric (603988) had a net inflow of 67.02 million yuan from institutional investors, while it faced a net outflow from speculative and retail investors [3] - Other stocks like Keli'er (002892) and Huayang Intelligent (301502) showed mixed fund flows, with some experiencing net outflows from institutional and speculative investors but net inflows from retail investors [3]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 301023 | 奕帆传动 | 56.52 | -4.53% | 14.30万 | 8.20亿 | | 300626 | 本瑞股份 | 19.95 | -4.04% | 22.72万 | 4.51亿 | | 002249 | 大洋电机 | 11.72 | -2.01% | 170.40万 | 19.96/Z | | 000922 | 佳电股份 | 14.93 | -0.99% | 12.83万 | 1.91亿 | | 300660 | 江苏雷利 | 56.61 | -0.61% | 15.89万 | 9.01亿 | | 002196 | 方正电机 | 17.92 | -0.44% | 122.46万 | 22.10亿 | | 603344 | 星德胜 | 34.16 | -0.23% | 2.28万 | 7787.38万 | | 920100 | 三协电机 | 71.61 | -0.20% | 1.79万 | 1.29亿 | | 600416 | ...

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]

Core Viewpoint - The price of lithium carbonate continues to rise, leading to improved performance and stock prices for lithium companies, with analysts generally optimistic about future market performance [1][20]. Price Trends - The lithium carbonate 2602 index reached a low of 58,480 in June 2025 and has since increased by 57.2% by the end of 2025, with a further rise of 38.4% to 165,300 by January 13, 2026 [3][20]. - The stock prices of lithium companies have shown significant gains, with increases ranging from 52.8% to 172% from 2025 to January 2026 [3][20]. Company Performance - Despite some lithium companies reporting losses in 2024, the ongoing rise in lithium product prices is gradually improving their fundamentals [1][20]. - For instance, Ganfeng Lithium reported a net profit of 25.52 million in the first three quarters of 2025 after a loss of 2.074 billion in 2024, while Tianqi Lithium turned a profit of 180 million in the same period after a loss of 7.905 billion in 2024 [6][23]. Analyst Predictions - Analysts have raised profit expectations for several lithium companies, with Ganfeng Lithium's net profit forecast for 2026-2027 increased to 13.53 billion and 29.97 billion respectively [17][34]. - Tianqi Lithium's net profit projections for the same period are expected to reach 17.91 billion, 28.27 billion, and 35.53 billion [17][34]. Market Dynamics - The lithium market is experiencing increased investment, with companies like Hunan Yuno and Longpan Technology planning significant projects to enhance lithium production capacity [31]. - However, there are concerns about potential oversupply as new projects come online, which could impact future pricing [31]. Regulatory Environment - Recent changes in export tax policies for battery products may temporarily boost demand but could lead to long-term pressure on lithium prices due to reduced profitability across the supply chain [32]. - The regulatory environment is tightening, with trading limits on lithium futures being implemented to curb speculative trading [33]. ESG Ratings - Ganfeng Lithium's ESG score is 8.32, lower than Tianqi Lithium's 8.88 and Yahua Group's 8.68, indicating potential governance issues that could affect investor sentiment [11][30].

Group 1 - The motor sector increased by 1.34% compared to the previous trading day, with Yifan Transmission leading the gains [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] - Key stocks in the motor sector showed significant price increases, with Yifan Transmission rising by 20.00% to a closing price of 55.92 [1] Group 2 - The motor sector experienced a net inflow of 407 million yuan from main funds, while retail investors saw a net outflow of 159 million yuan [2] - The stock performance of major companies in the motor sector varied, with Fangzheng Electric showing a net inflow of 3.60 billion yuan from main funds, representing 26.21% of its total [3] - Yifan Transmission had a net inflow of 51.94 million yuan from main funds, accounting for 27.07% of its total [3]