Core Viewpoint - The company is actively engaged in the field of controlled nuclear fusion, recognizing it as a significant global research topic and an important area for international scientific collaboration [1] Group 1: Research and Development Focus - The company is increasing its investment in research and development related to controlled nuclear fusion, particularly in key materials such as PF conduits [1] - A specialized R&D team has been established to explore cutting-edge technologies in the field of controlled nuclear fusion materials [1] Group 2: Strategic Partnerships and Market Awareness - The company is collaborating with research institutions, universities, and partners across the industry chain to share research outcomes and capture strategic opportunities in technological innovation and future industry layout [1] - Although the current business segment related to controlled nuclear fusion is small, the company is closely monitoring technological innovations, global research trends, policy directions, and potential market demand changes in this area [1]

Core Viewpoint - The company is actively engaged in research and development related to controllable nuclear fusion, emphasizing its importance as a global scientific research topic and a field for international collaboration [1] Group 1: Research and Development Focus - The company has increased its investment in research and development for key materials, including PF conduits, to achieve breakthroughs in material performance and manufacturing processes [1] - A specialized research team has been established to enhance the company's strategic investment and forward-looking layout in the field of controllable nuclear fusion materials [1] Group 2: Collaboration and Partnerships - The company is collaborating with research institutions, universities, and partners across the industry chain to explore cutting-edge technologies in controllable nuclear fusion [1]

久立特材(002318)10月10日在互动平台表示，可控核聚变作为一项全球性科研课题，亦是国际科研合作 的重要领域，公司对此给予了高度关注，并持续加大科研投入力度。目前，公司正积极参与相关项目， 专注于研发与生产包括PF导管（方圆管）在内的关键材料，力求在材料性能、制造工艺等方面实现关 键突破，为推动可控核聚变研究的进程贡献力量。公司正不断强化在可控核聚变材料研发领域的战略投 入与前瞻布局，组建了专业化的研发团队，并与科研院所、高等院校及产业链上下游伙伴携手探索前沿 科技。 ...

Core Viewpoint - The Shanghai Composite Index rose by 1.32% on October 9, with 23 industries experiencing gains, particularly in non-ferrous metals and steel, which increased by 7.60% and 3.38% respectively [1] Industry Summary Non-Ferrous Metals - The non-ferrous metals industry saw the highest net inflow of funds, totaling 5.36 billion yuan, contributing to its 7.60% increase [1] Steel Industry - The steel industry increased by 3.38%, with a net inflow of 906 million yuan. Out of 44 stocks in this sector, 38 rose, and 2 hit the daily limit [2] - The top three stocks by net inflow were: - Baogang Co., with an inflow of 880 million yuan and a rise of 8.40% - Hebei Steel Resources, with an inflow of 92.96 million yuan and a rise of 9.99% - Jiuli Special Materials, with an inflow of 59.17 million yuan and a rise of 8.04% [2][3] - The steel industry had 19 stocks with net outflows, with the largest being: - Hangang Co., with an outflow of 165 million yuan - Maanshan Steel, with an outflow of 29.82 million yuan - Shougang Co., with an outflow of 29.49 million yuan [2][3]

Core Viewpoint - The special steel sector experienced a significant increase, with a 2.67% rise on October 9, led by Jiuli Special Materials, amidst a broader market uptrend in the Shanghai Composite Index and Shenzhen Component Index [1][3]. Group 1: Market Performance - On October 9, the Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1]. - The special steel sector stocks showed varied performance, with Jiuli Special Materials leading the gains at 8.04%, closing at 26.33 [1]. Group 2: Individual Stock Performance - Key performers in the special steel sector included: - Jiuli Special Materials (002318): Closed at 26.33, up 8.04%, with a trading volume of 295,100 shares and a turnover of 757 million [1]. - Jinzhu Pipeline (002443): Closed at 60.8, up 4.79%, with a trading volume of 259,700 shares [1]. - Xianglou New Materials (301160): Closed at 62.05, up 3.78%, with a trading volume of 36,100 shares [1]. - Taiyuan Iron & Steel (000825): Closed at 4.13, up 3.25%, with a trading volume of 784,400 shares [1]. - Other notable stocks included Shengde Zhengtai (300881), Tongjin Co., Ltd. (603995), and Xining Special Steel (600117), all showing positive gains [1]. Group 3: Capital Flow - The special steel sector saw a net inflow of 88.35 million in main funds, while retail investors experienced a net outflow of 74.58 million [3]. - The overall capital flow indicates a mixed sentiment, with institutional investors showing interest while retail investors withdrew [3].

Core Viewpoint - Jiu Li Special Materials (002318.SZ) announced that its controlling shareholder, Jiu Li Group, has increased its stake in the company through the secondary market, indicating confidence in the company's future performance [1] Shareholding Changes - Jiu Li Group acquired 4,145,900 shares, representing 0.42% of the total share capital, on September 29, 2025 [1] - From October 19, 2023, to September 29, 2025, Jiu Li Group and its concerted parties collectively increased their holdings by 8,782,800 shares, accounting for 0.90% of the total share capital [1] - Following this equity change, the shareholding ratio of Jiu Li Group and its concerted parties has reached an integer multiple of 1% [1]

Core Viewpoint - Jiu Li Special Materials (002318.SZ) announced that its controlling shareholder, Jiu Li Group, has increased its stake in the company through the secondary market, indicating confidence in the company's future performance [1] Shareholding Changes - Jiu Li Group acquired 4,145,900 shares, representing 0.42% of the total share capital, on September 29, 2025 [1] - From October 19, 2023, to September 29, 2025, Jiu Li Group and its concerted parties will collectively increase their holdings by 8,782,800 shares, accounting for 0.90% of the total share capital [1] - Following this equity change, the shareholding ratio of Jiu Li Group and its concerted parties will reach an integer multiple of 1% [1]

证券代码:002318 证券简称:久立特材 公告编号:2025-038 浙江久立特材科技股份有限公司 关于控股股东及其一致行动人增持股份触及1%整数倍的公告 公司控股股东久立集团股份有限公司及其一致行动人保证向本公司提供的 信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及其董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 浙江久立特材科技股份有限公司（以下简称"公司"或"久立特材"）于近日收 到控股股东久立集团股份有限公司（以下简称"久立集团"）通知，获悉久立集团 于2025年9月29日通过深圳证券交易所证券交易系统从二级市场增持公司股份 4,145,900股，占公司总股本的0.42%。2023年10月19日至2025年9月29日期间，久 立集团及其一致行动人合计增持公司股份8,782,800股，占公司总股本的0.90%。 本次权益变动后，久立集团及其一致行动人持股比例变动触及1%的整数倍。现 将有关情况公告如下： | 1．基本情况 | | | --- | --- | | 信息披露义务人1 | 久立集团股份有限公司 | | 住所1 | 浙江省湖州市镇西镇长生桥 | | 信息 ...

Investment Rating - The report maintains a "Buy" rating for key stocks in the steel industry, including Xining Special Steel, Nanjing Steel, Hualing Steel, and Baosteel [5][8]. Core Viewpoints - The financial attributes of metals continue to drive prices, with the CITIC Steel Index rising by 3.18% [1][86]. - The manufacturing sector shows signs of improvement, with the PMI for September at 49.8%, indicating a slight recovery in manufacturing activity [4][12]. - The report emphasizes the importance of supply-side policies and the potential for a recovery in the steel industry, particularly in the context of energy investments and infrastructure upgrades [2][4]. Supply Analysis - Daily molten iron production has decreased by 0.6 million tons to 241.8 million tons, while the production of rebar and hot-rolled coils has slightly increased [11][16]. - The capacity utilization rate of 247 steel mills is at 90.7%, down 0.2 percentage points from the previous week but up 6.2 percentage points year-on-year [16][23]. Inventory Analysis - Total steel inventory has decreased by 2.5% week-on-week, with social inventory declining more than factory inventory [23][25]. - The social inventory of five major steel products stands at 10.589 million tons, down 2.8% week-on-week and up 16.1% year-on-year [25][27]. Demand Analysis - Apparent consumption of five major steel products improved by 3.5% week-on-week, with rebar demand showing significant recovery [37][47]. - The average weekly transaction volume for construction steel was 103,000 tons, down 1.4% from the previous week [38][47]. Raw Material Analysis - Iron ore prices remained stable, with the Platts 62% iron ore price index at $103.9 per ton, unchanged from the previous week [54][66]. - The report notes an increase in Australian iron ore shipments by 8.1% week-on-week, while Brazilian shipments decreased by 13.7% [54][66]. Price and Profit Analysis - The Myspic comprehensive steel price index decreased by 0.9% week-on-week, indicating a slight decline in steel prices [66][67]. - The current cost of long-process rebar is 3,422 yuan per ton, with a loss of 188 yuan per ton, while hot-rolled coil costs 3,648 yuan per ton, with a loss of 299 yuan per ton [67][68].

Investment Rating - The report maintains an "Overweight" rating for the steel industry [6]. Core Insights - Demand is expected to gradually stabilize, and the inventory levels are decreasing, indicating a potential recovery in the steel industry [3][6]. - The report highlights that the supply-side adjustments are beginning to take effect, with a significant portion of steel companies still operating at a loss, which may lead to a market-clearing process [3][6]. Summary by Sections 1. Steel Market Overview - The apparent consumption of five major steel products reached 8.7406 million tons, an increase of 237,300 tons week-on-week; construction materials consumption was 3.0445 million tons, up by 99,800 tons; and sheet metal consumption was 5.6961 million tons, up by 137,500 tons [6]. - Total steel inventory decreased to 15.1061 million tons, down by 91,300 tons week-on-week, maintaining a low level [6]. - The operating rate of blast furnaces in 247 steel mills was 84.45%, an increase of 0.47 percentage points week-on-week [6]. 2. Profitability and Production - The average gross profit for rebar was 216.2 CNY/ton, down by 18.1 CNY/ton week-on-week, while hot-rolled coil gross profit was 172.2 CNY/ton, up by 18.4 CNY/ton [6]. - The profitability rate of 247 steel companies was 58.01%, a decrease of 0.86 percentage points week-on-week [6]. 3. Supply and Demand Dynamics - The report anticipates that the negative impact of the real estate sector on steel demand will weaken, while demand from infrastructure and manufacturing is expected to grow steadily [6]. - The recent policy document on the steel industry emphasizes continued production cuts and the exit of inefficient capacity, supporting the expectation of supply-side contraction [6]. 4. Recommendations - The report recommends several companies based on their competitive advantages and market positioning, including Baosteel, Hualing Steel, and CITIC Special Steel, among others [6].