证券日报网讯 12月19日，泰和新材（002254）在互动平台回答投资者提问时表示，公司经营层不断加 强与兄弟单位的学习交流，取长补短，争取尽快扭转不利局面。 ...

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]

编者按 前不久，陕西省委、省政府公布了2024年度陕西省科学技术奖获奖项目名单。其中，石油和化 学工业领域共有28项成果入选，包括一等奖10项、二等奖6项、三等奖12项，涵盖油气勘探、煤化工、 石油化工、精细化工、化工新材料、石油装备及资源绿色利用等多个方向。 为展现相关科技成果的研发历程、创新价值与应用成效，本报记者对其中3项一等奖成果进行了深入采 访，并自本期起推出《2024年度陕西省科技奖成果展示》系列报道，以期呈现科技赋能产业高质量发展 的生动实践。 以轻工技术与工程(造纸)学科见长的陕西科技大学扮演了冲锋者的角色。该校在此领域已深耕20余年， 此前攻克的高性能纤维纸基材料制备关键技术，已成功应用于国产CRH系列高速列车和新型军用直升 机。站在前人肩膀上，以陆赵情教授为核心的团队，再次向绝缘材料领域的珠峰——高掺量芳纶云母复 合材料发起挑战。科研团队开展了高性能纤维纸基复合材料纤维制备、高效分散与界面增强等基础理论 研究，相继攻克了有机无机高密度差浆料系统难分散、高掺量云母芳纶纤维体系难共容等"卡脖子"技术 瓶颈，在云母活化改性、有机/无机界面结合、芳纶云母绝缘纸复合等关键核心技术取得突破，形成了 具 ...

Core Insights - The article highlights the target price increases for several listed companies as recommended by brokerages, with notable gains in specific sectors [1] Group 1: Target Price Increases - The companies with the highest target price increases include Wen's Foodstuffs Group with a rise of 35.97%, Taihe New Materials with 30.43%, and Yuheng Pharmaceutical with 17.04% [1] - These companies belong to the aquaculture, chemical fiber, and pharmaceutical industries respectively [1] Group 2: Brokerage Recommendations - On December 11, a total of 20 listed companies received recommendations from brokerages, including Yuheng Pharmaceutical, Huayang Co., and Taihe New Materials, each receiving one recommendation [1]

临时公告：2025-077 证券代码：002254 股票简称：泰和新材 公告编号：2025-077 关于部分股权激励限制性股票回购注销完成的公告 特别提示： 1、本次回购注销的限制性股票为公司 2022 年限制性股票激励计划已授予的 部分限制性股票，涉及 10 名激励对象，限制性股票共计 156,000 股，占本次注 销前公司总股本 857,213,183 股的 0.02%。 2、本次回购注销完成后，公司总股本由 857,213,183 股变更为 857,057,183 股。 泰和新材集团股份有限公司（以下简称"公司"或"泰和新材"）于 2025 年 9 月 29 日召开第十一届董事会第十八次会议和第十一届监事会第十六次会议，审 议通过了《关于回购注销部分限制性股票的议案》，同意公司向不再具备激励资 格的 10 名激励对象回购 156,000 股限制性股票。本次回购事项已经公司 2025 年 第三次临时股东大会审议通过，具体请见公司于 2025 年 9 月 30 日在巨潮资讯网 披露的《关于回购注销部分限制性股票的公告》（公告编号：2025-067）。现将 相关事项公告如下： 一、公司限制性股票激励计划已履行 ...

格隆汇12月8日丨泰和新材(002254.SZ)在互动平台表示，公司芳纶纸已用于机器人伺服电机的绝缘材 料，公司也在积极开发可用于机器人的其他材料。 ...

格隆汇12月8日丨泰和新材(002254.SZ)在投资者互动平台表示，相关产品可用于航空航天领域。 ...

证券日报网讯 12月5日，泰和新材在互动平台回答投资者提问时表示，关于开工率及毛利率的相关信 息，公司将在定期报告中披露。 （文章来源：证券日报） ...

每经AI快讯，泰和新材（SZ 002254，收盘价：9.52元）发布公告称，2025年12月5日，泰和新材接受宁 银理财等投资者调研，公司董事会秘书董旭海、董事会办公室人员参与接待，并回答了投资者提出的问 题。 2025年1至6月份，泰和新材的营业收入构成为：化纤行业占比99.18%，其他行业占比0.82%。 每经头条（nbdtoutiao）——秒光、售罄！银行大额存单成稀缺资源，2%以上产品很难抢，有的门槛高 达1000万元！专家：存款利率或长期下行 （记者 曾健辉） 截至发稿，泰和新材市值为82亿元。 ...

投资者关系活动记录表 证券代码：002254 证券简称：泰和新材 泰和新材集团股份有限公司 投资者关系活动记录表 | 投资者关系活动 | √特定对象调研 | □分析师会议 | | --- | --- | --- | | 类别 | □媒体采访 | □业绩说明会 | | | □新闻发布会 | □路演活动 | | | □现场参观 | | | | □其他 | | | 参与单位名称及 | 淡水泉 | 于凡真 | | 人员姓名 | 宁银理财 | 孙文瑞 | | | 鑫元基金 | 刘义涛 | | | 兴业基金 | 王腾霄 | | | 开源证券 | 宋梓荣 | | | 天弘基金 | 胡彧 | | | 开源证券 | 金益腾 | | | 鹏华基金 | 杨浩 | | 时间 | 2025 年 12 月 5 日 | | | 地点 | 公司会议室 | | | 上市公司接待人 | 董事会秘书董旭海、董事会办公室人员 | | | 员 | | | | | 投资者：氨纶现在什么情况？ | | | | 答：我们感觉行业情况一般，我们自己有点改善。 | | | | 投资者：我们自己氨纶的情况？ | | | 投资者关系活动 | 答：从大的趋势来看我们 ...