（文章来源：证券日报） 证券日报网讯 2月25日，久立特材在互动平台回答投资者提问时表示，公司始终密切关注并深入分析全 球能源领域的项目机遇，包括中东地区的大型天然气及油气基础设施相关项目，致力于积极捕捉市场的 新动态与发展新契机。若涉及具体投标事宜或重大合同进展，公司将严格遵守相关法律法规及监管规 定，及时履行信息披露义务。在此特别提示：所有信息请以公司在法定信息披露渠道及平台发布的公告 为准，敬请广大投资者理性投资、审慎决策，注意投资风险。 ...

Group 1: Core Insights - The steel industry in 2025 is characterized by supply contraction, export growth, price stabilization at low levels, and gradual improvement in profitability, with crude steel and pig iron production decreasing by 4.4% and 3.0% respectively, while steel output increased by 3.1% to 1.446 billion tons [2][10][81] - Steel exports reached a record high of 11.9 million tons in 2025, reflecting a 7.5% year-on-year increase, while the average export price fell by 8.1% to 694 USD per ton [10][81] - The China Steel Price Index (CSPI) averaged 93.19 points in 2025, down 9.1% year-on-year, indicating a narrow fluctuation range and a balance in market supply and demand [11][81] Group 2: Supply and Demand Dynamics - The raw material prices for iron ore and coking coal showed a mixed trend in 2025, with expectations for stable supply and weak price fluctuations in 2026 [2][19][81] - The steel supply side is constrained by government policies, leading to further reductions in pig iron and crude steel production capacity, while steel mills adopted a "production based on demand" strategy [2][23][81] - The demand structure for steel is shifting, with manufacturing steel usage surpassing construction steel for the first time, accounting for 51% of total demand, while construction steel dropped to 49% [2][44][82] Group 3: Industry Transformation and Profitability - The steel industry is expected to focus on "controlling total volume, optimizing supply, increasing efficiency, and promoting transformation" as it enters the 14th Five-Year Plan period [12][82] - Profitability is anticipated to stabilize and improve, supported by structural optimization and cost control, with special steel and green steel sectors likely to benefit from industry development [12][82] - Investment recommendations include companies such as CITIC Special Steel, Hualing Steel, Jiuli Special Materials, Yongjin Co., and Yongxing Materials, which are expected to perform well in the evolving market [81][83]

久立特材产品线丰富多元，涵盖DSS/SDSS、CRA-OCTG、HRB/MLP/WOL、SG-U管、油气输送用大口 径厚壁不锈钢焊接管、大型换热器用超长不锈钢焊接U型管、海水腐蚀铁素体不锈钢焊接U型管、海水 淡化及电站用钛及钛合金焊接管等近百个品种，广泛应用于油气、电力、化工等多个核心工业领域。其 中，公司部分高端产品成功打破国外技术垄断，填补国内相关领域空白，构建显著技术壁垒与市场竞争 优势。截至2025年上半年，久立特材应用于高端装备制造及新材料领域的高附加值、高技术含量产品实 现营业收入12.20亿元，占公司营收比重约20%，同比增长15.42%。 依托优质的产品品质与高效的服务能力，久立特材赢得了国内外众多大中型企业的广泛信赖与深度合 作。在国内市场，公司是中石油、中石化、中海油、中国化工集团、国家能源集团、中国广核 （003816）集团、哈尔滨电气、上海电气（601727）、东方电气（600875）等国内核心能源及装备企业 的重要供应商，深度绑定国内能源基建核心需求；在国际市场，久立特材产品远销70多个国家和地区， 成功与沙特阿美（Aramco）、英荷壳牌（Shell）、埃克森美孚（ExxonMob ...

【中信证券新材料/机械/电新】核电行业重点推荐——高端制造估值重估，短期业绩高增远期空间广阔 ‼核心观点：①核电为低位、低估值、高科技属性大容量板块，同时国内外利好催化密集；②大部分标的长期估值 受限，但短期板块将业绩高增，同时四代堆/小堆/核应用/出口/乏燃料将贡献增量；③聚变资本开支基准有望迎事 件切换，大幅拔高远期估值。 ‼高利润率高成长，估值长期受限。 25年我国核 【中信证券新材料/机械/电新】核电行业重点推荐——高端制造估值重估，短期业绩高增远期空间广阔 ‼核心观点：①核电为低位、低估值、高科技属性大容量板块，同时国内外利好催化密集；②大部分标的长期估值 受限，但短期板块将业绩高增，同时四代堆/小堆/核应用/出口/乏燃料将贡献增量；③聚变资本开支基准有望迎事 件切换，大幅拔高远期估值。 ‼高利润率高成长，估值长期受限。 25年我国核电发电占比约4.82%，世界平均水平10%，发达国家普遍在20%以上，AI需求引发行业复兴，空间广 阔。 行业壁垒导致核岛核心设备毛利率在30%以上。 在历史业绩稳健增长、毛利率较高的背景下，零部件企业估值提升长期受限，我们认为核心原因是市场对核电"远 期成长"信心不足 ...

Company Performance - On February 13, 2026, Jiuli Special Materials (002318) experienced a stock price decline of 4.16%, closing at 34.06 yuan, while the steel sector dropped by 2.46% and the special steel sector fell by 3.05% [1][2] - The stock price reached a new high of 35.98 yuan on February 12 before declining, breaking below the 5-day moving average of 34.57 yuan but remaining above the 20-day moving average of 33.20 yuan [1] - The company's net profit for the first three quarters of 2025 increased by 20.73% year-on-year, but forecasts indicate a potential decline of 5.08% in net profit for 2026 [4] Industry Context - The overall A-share market saw major indices decline, with the Shanghai Composite Index down 1.26% and the Shenzhen Component Index down 1.28%, influenced by macroeconomic expectations [2] - Despite Jiuli Special Materials' solid fundamentals, the company was affected by negative sentiment in the steel sector [2] Market Sentiment - On February 13, the net inflow of main funds was 830,800 yuan, but there was a net outflow of 6,656,600 yuan from large orders, indicating a divergence in fund flows and differing institutional views on short-term valuations [3] - The company's price-to-earnings ratio (TTM) was 19.50 times, and the price-to-book ratio was 4.08 times, which, while lower than some high-temperature alloy peers, is still at a relatively high level historically for the company [5] Future Outlook - The comprehensive target price set by institutions is 40.00 yuan, suggesting a potential upside of 17.44% from the current price, indicating limited short-term valuation recovery potential [5] - Investors are advised to monitor the progress of the company's high-end production capacity release and the disclosure of the 2025 annual report [5]

Meeting Overview - The company held its 2026 first extraordinary general meeting on February 13, 2026, at 14:30, combining on-site and online voting methods [6][8] - A total of 637 participants attended the meeting, representing 596,678,701 shares, which is 61.7277% of the total voting shares [4][5] Attendance Details - Out of the total participants, 9 attended the on-site meeting, representing 369,499,346 shares (38.2255% of total voting shares) [5] - 628 shareholders participated via online voting, representing 227,179,355 shares (23.5022% of total voting shares) [5] - Among the attendees, 630 were small investors, representing 227,469,655 shares (23.5322% of total voting shares) [7] Proposals and Voting Results - The meeting approved the proposal for the 2026 Employee Stock Ownership Plan (draft) with 243,512,705 votes in favor (99.7586% of valid votes) [8] - The proposal for the 2026 Employee Stock Ownership Plan Management Measures was also approved with 243,518,705 votes in favor (99.7610% of valid votes) [9] - The proposal to authorize the board to handle matters related to the 2026 Employee Stock Ownership Plan received 243,518,705 votes in favor (99.7610% of valid votes) [10] Legal Opinion - The meeting was witnessed by lawyers from Guohao Law Firm, who confirmed that the meeting's procedures complied with relevant laws and regulations, making the meeting's attendance and voting results valid [11][12]

浙江久立特材科技股份有限公司 2026 年员工持股计划 证券代码：002318 证券简称：久立特材 二〇二六年二月 浙江久立特材科技股份有限公司 2026 年员工持股计划 声明 本公司及董事会全体成员保证本员工持股计划内容不存在虚假记载、误导性 陈述或重大遗漏，并对其真实性、准确性、完整性承担个别和连带的法律责任。 浙江久立特材科技股份有限公司 2026 年员工持股计划 本方案主要条款与公司2026年1月28日公告的公司2026年员工持股计划草案 及其摘要内容一致。 1 浙江久立特材科技股份有限公司 2026 年员工持股计划 风险提示 一、浙江久立特材科技股份有限公司（以下简称"久立特材"或"公司"） 2026年员工持股计划（以下简称"本员工持股计划"）须经公司股东会批准后方 可实施，本员工持股计划能否获得公司股东会批准，存在不确定性。 二、有关本员工持股计划的具体资金来源、出资比例、实施方案等属初步结 果，能否完成实施，存在不确定性。若员工认购资金较低，则本次员工持股计划 存在不能成立的风险；若员工认购资金不足，本次员工持股计划存在低于预计规 模的风险。 三、本员工持股计划由公司自行管理，公司设立员工持股计 ...

证券代码：002318 证券简称：久立特材 公告编号：2026-007 浙江久立特材科技股份有限公司 2026 年第一次临时股东会决议公告 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。 特别提示： 1、本次股东会未出现否决议案的情形； 2、本次股东会未涉及变更以往股东会决议的情形。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开日期和时间：2026 年 2 月 13 日 14:30 网络投票时间为：通过深圳证券交易所系统进行网络投票的具体时间为 2026 年 2 月 13 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互 联网投票系统投票的具体时间为 2026 年 2 月 13 日 9:15 至 15:00 的任意时间。 2、现场会议召开地点：湖州市吴兴区八里店久立特材三楼会议室 3、会议召集人：公司第七届董事会 4、会议召开方式：本次会议采取现场投票与网络投票相结合的方式 5、现场会议主持人：董事长李郑周先生 6、本次会议的召集、召开与表决程序符合《公司法》和《公司章程》的有 关规定。 （二）会议出席情况 ...

久立特材 2026 年第一次临时股东会法律意见书 国浩律师（杭州）事务所 国浩律师（杭州）事务所 关 于 浙江久立特材科技股份有限公司 2026 年第一次临时股东会的 法律意见书 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二六年二月 久立特材 2026 年第一次临时股东会法律意见书 国浩律师（杭州）事务所 国浩律师（杭州）事务所 关 于 浙江久立特材科技股份有限公司 2026 年第一次临时股东会的 法律意见书 致：浙江久立特材科技股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受浙江久 ...

格隆汇2月12日丨久立特材(002318.SZ)涨2.88%，报35.690元，股价创历史新高，总市值348.75亿元。 ...