（文章来源：证券日报） 证券日报网讯 2月24日，濮耐股份在互动平台回答投资者提问时表示，截至2026年2月20日，公司股东 人数为37378户。 ...

证券日报网讯2月13日，濮耐股份（002225）在互动平台回答投资者提问时表示，截至2026年2月10日， 公司股东人数为37291户。 ...

Group 1 - The core viewpoint of the article is that the stock price movement of Puyang Nayi Co., Ltd. (002225) is influenced by multiple factors, making it difficult to accurately predict [1] - The company's board of directors and management team are committed to improving operational management, internal governance, and information disclosure [1]

Group 1 - The core viewpoint of the article is that Puyang Nayi Co., Ltd. (002225) has reported that its sales revenue in EU member countries accounts for approximately 0.5% over the past two years, achieved through direct sales [1]

Group 1 - The core viewpoint of the article highlights that Puyang Nayi Co., Ltd. (濮耐股份) has achieved approximately 0.5% of its sales revenue from the European Union over the past two years, primarily through direct sales [2]

股票近期走势 经济观察网 濮耐股份（002225）近期在氢能领域追加投资，同时股价呈现波动，主力资金呈净流入状 态。 公司项目推进 2026年1月5日，濮耐股份公告出资3565.18万元受让阜阳谋和氢能投资合伙企业的LP份额，使其对攀业 氢能的持股比例从8.07%提升至16.86%。公司表示此举旨在推进绿色转型，并计划未来推动攀业氢能的 证券化进程。 业绩经营情况 2025年1-9月，公司营业收入41.76亿元，同比增长4.34%；归母净利润9486.59万元，同比下降22.81%。 2026年2月11日，濮耐股份股价上涨2.04%，报6.51元/股，成交额3992.08万元，主力资金净流入611.93 万元。今年以来股价累计上涨14.21%，但近5个交易日下跌1.06%。 以上内容基于公开资料整理，不构成投资建议。 股东人数情况 截至2026年1月31日，公司股东户数为3.74万户，较1月20日减少9.04%，显示筹码趋向集中。 ...

濮耐股份表示，本次解除股份质押事项与上市公司生产经营无关。刘百宽家族成员股权质押融资的款项 全部用于股东个人资金需求，一年内可通过滚动还款等方式将质押风险控制在可控范围，加上年度分红 及个人自有资金，偿付能力有保障。 北京商报讯(记者翟枫瑞)2月9日，濮阳濮耐高温材料(集团)股份有限公司(以下简称"濮耐股份 （002225）")发布关于股东进行股票质押式回购交易的公告称，公司于近日收到了大股东刘百宽关于其 进行股票质押式回购交易的通知，刘百宽于2026年2月5日将其所持有的高管锁定股1240万股(占公司总 股本的1.07%)因个人资金需求与国泰海通证券股份有限公司进行了股票质押式回购交易，在中国证券登 记结算有限责任公司深圳分公司办理完毕相关手续。 ...

Group 1: Consumer Building Materials - The demand for traditional building materials is expected to rebound as the contraction in new real estate demand slows and the demand for stock updates gradually releases [1] - In 2025, national fixed asset investment (excluding rural households) is projected to be 48.5 trillion yuan, a year-on-year decrease of 3.8%, while real estate development investment is expected to be 8.28 trillion yuan, down 17.2% year-on-year [1] - The area of new housing starts is expected to decline by 20.4% year-on-year to 588 million square meters, only 25.87% of the peak value in 2019, indicating that the drag on demand from the new real estate market has been fully reflected [1] - The stock market for urban residential properties in China is approximately 33.55 billion square meters, with about 37.4 million housing units, indicating significant growth potential for renovation and upgrading of existing properties [1] - Policies aimed at stimulating demand for commercial housing, such as "stopping the decline and stabilizing" and "ensuring delivery," are expected to support the completion and sales of commercial housing [1] Group 2: Fiberglass Industry - The downstream application fields of fiberglass continue to expand, and the product structure of the industry is continuously optimized, with strong demand for specialty fiberglass fabrics such as electronic fiberglass cloth [2] - The industry is expected to see continuous improvement in profitability due to the explosive demand for computing power, leading to tight supply of specialty fiberglass fabrics like low-dielectric electronic cloth [2] - The overall price level of the industry is on the rise, and leading companies are expected to benefit significantly from industry dividends [2] Group 3: Infrastructure Demand - During the 14th Five-Year Plan, it is expected that over 700,000 kilometers of underground pipeline networks will be constructed and renovated, with new investment demand exceeding 5 trillion yuan [3] - There is a broad demand for upgrading and renovating underground pipeline networks for urban gas, water supply, sewage, drainage, and heating [3] Group 4: Companies with Second Growth Curve - Jinjing Technology (600586.SH) is expected to benefit from the significant production ramp-up in the downstream perovskite photovoltaic component industry, indicating broad future growth potential [4] - Puyang Refractories (002225.SZ) is expected to benefit from the demand space created by the replacement of wet metallurgy technology paths, with performance expected to be realized as production capacity is released [4] - Companies like Jinjing Technology and Puyang Refractories are recommended as they show significant incremental potential in their second growth curves [4]

Core Viewpoints - The traditional building materials sector is expected to bottom out and recover due to a combination of factors such as the slowdown in new real estate demand and the gradual release of stock renovation demand, with consumer building materials benefiting significantly [4] - The special fiberglass electronic cloth sector is experiencing high demand due to the explosion of computing power needs, and companies with outstanding technical advantages and production capacity reserves are favored [4] - Infrastructure investment opportunities are promising, particularly in sectors related to urban renewal and underground pipeline construction [4] Cement Sector - Cement demand is expected to stabilize as confidence in the housing market strengthens, with a potential bottoming out of demand [26][29] - The production of cement is declining due to weak demand from the real estate sector, with a forecasted production volume of 1.693 billion tons in 2025, down 6.9% year-on-year [29] - The average price of cement is recovering due to industry self-discipline and effective supply control, with policies aimed at eliminating backward production capacity expected to accelerate this trend [33] Fiberglass Sector - The fiberglass sector is expanding its application fields, with strong demand for electronic fiberglass cloth driven by the growth of computing power needs [36][41] - The apparent consumption of fiberglass in China has increased from 187,000 tons in 2012 to 624,000 tons in 2023, with a compound annual growth rate of 11.56% [40] - The demand for high-performance computing and AI applications is significantly increasing, leading to a structural change in demand for fiberglass materials [44] Glass Sector - The demand for flat glass is under pressure due to a decline in housing completion areas, with consumption levels expected to continue decreasing [51] - The glass industry is facing high inventory levels, with total inventory reaching 58.227 million weight boxes as of December 11, 2025, indicating a need for supply-side adjustments [51] - The photovoltaic glass sector is experiencing growth, but overall glass prices are under pressure due to capacity expansion and declining demand [51] Consumer Building Materials - The consumer building materials sector is seeing a release of stock demand, with policies aimed at stabilizing the housing market expected to support sales and completion rates [62] - The renovation demand is anticipated to recover as macroeconomic policies stimulate consumption, with a significant portion of demand coming from homes built 10-15 years ago [66] - The urban renewal initiatives and the establishment of a housing pension system are expected to further boost demand for consumer building materials [66] Recommended Investment Targets - Companies such as Rabbit Baby (兔宝宝, 002043) and Beixin Building Materials (北新建材, 000786) are highlighted for their strong market positions and competitive advantages in the consumer building materials sector [4][103] - International Composites (国际复材, 301526) is recommended for its strong performance in the special fiberglass cloth sector [4] - Companies like Jinjing Technology (金晶科技, 600586) and Puhua Co., Ltd. (濮耐股份, 002225) are noted for their promising second growth curves in TCO glass and high-activity magnesium oxide businesses, respectively [4]

（编辑 任世碧） 证券日报网讯 2月6日，濮耐股份发布公告称，公司于近日收到了大股东刘百宽先生关于其进行股票质 押式回购交易的通知。公司大股东刘百宽先生于2026年2月5日将其所持有的高管锁定股12，400，000股 （占公司总股本的1.07%）因个人资金需求与国泰海通证券股份有限公司进行了股票质押式回购交易， 于2026年2月5日在中国证券登记结算有限责任公司深圳分公司办理完毕相关手续。 ...