长江商报消息 ●长江商报记者 张璐 天原股份（002386.SZ）加快扩产步伐。 近日，天原股份发布公告，全资子公司宜宾天原海丰和泰有限公司拟在公司预留场地实施产能扩建，新 建年产10万吨氯化法钛白粉项目，总投资14.83亿元。 长江商报记者注意到，近年来，天原股份持续加码研发，为氯化法钛白粉工艺优化提供了坚实技术支 撑。财报显示，2021年—2025年前三季度，公司研发费用累计达4.27亿元。 值得关注的是，此次扩产计划落地于公司业绩触底回升的关键节点。2025年前三季度，天原股份实现营 收84.9亿元，同比下降14.89%；归母净利润3169.34万元，同比大幅增长132.63%，盈利质量显著改善。 与此同时，天原股份磷矿项目稳步推进，"氯—钛—磷—铁（锂）"一体化循环产业链持续完善，多重利 好下，天原股份的转型发展之路备受市场瞩目。 拟14.83亿加码氯化法钛白粉产能 据天原股份最新公告，此次新建的年产10万吨氯化法钛白粉项目总投资14.83亿元，选址于公司现有厂 区预留场地，无需额外新增土地，可充分依托现有生产配套设施与技术积累，有效降低项目建设成本与 周期。 作为公司"一体两翼"战略中高功能新材料布 ...

截至2025年12月31日收盘，天原股份(002386)报收于5.43元，下跌1.99%，换手率1.7%，成交量22.18万 手，成交额1.21亿元。 当日关注点 交易信息汇总资金流向 12月31日主力资金净流出1285.8万元，占总成交额10.65%；游资资金净流入607.69万元，占总成交额 5.03%；散户资金净流入678.11万元，占总成交额5.62%。 公司公告汇总第九届董事会第二十次会议决议公告 宜宾天原集团股份有限公司第九届董事会第二十次会议于2025年12月30日以通讯方式召开，审议通过两 项议案。一是同意全资子公司宜宾天原海丰和泰有限公司投资148,281万元建设年产10万吨氯化法钛白 粉项目。二是审议通过关于向宜发展申请提供拟办理7500万新型政策性金融工具贷款服务担保并提供反 担保暨关联交易的议案，公司控股股东宜宾发展控股集团有限公司提供连带责任保证，公司以其持有的 宜宾天原锂电新材有限公司8.11%股权质押作为反担保。该议案尚需提交股东会审议。 第九届董事会第二十一次会议决议公告 宜宾天原集团股份有限公司第九届董事会第二十一次会议于2025年12月30日以通讯方式召开，审议通过 《关于 ...

基础化工行业 行业研究 | 行业周报 PX 价格上涨触发石化企业行情，行业存长 期修复机遇 核心观点 投资建议与投资标的 ⚫ 炼化行业我们推荐相关龙头企业中国石化(600028，买入)、荣盛石化(002493，买 入)、恒力石化(600346，买入)；同时，我们持续看好化工各子行业景气复苏机遇， 如 MDI 龙头：万华化学(600309，买入) ；PVC 行业，相关企业包括：中泰化学 (002092，未评级)、新疆天业(600075，未评级)、氯碱化工(600618，未评级)、天 原股份(002386，未评级)。以及景气度持续性受储能高速增长拉动的磷化工中相关 标的包括：川恒股份(002895，未评级)、云天化(600096，未评级)等。草酸行业 中，建议关注：华鲁恒升(600426，买入)、华谊集团(600623，买入)、万凯新材 (301216，买入)。 风险提示 ⚫ 需求不及预期；海外市场供需情况变化；油价大幅波动。 国家/地区 中国 行业 基础化工行业 报告发布日期 2026 年 01 月 04 日 看好（维持） | 倪吉 | 执业证书编号：S0860517120003 | | --- | --- | ...

长期以来，国际钛白粉产业持续向氯化法工艺转型。2018年以前，我国氯化法钛白粉产量占比为2%～ 5%。近年来，在低碳环保的发展趋势下，氯化法成为钛白粉主流生产工艺。 自2019年以来，龙佰集团（002601.SZ）、中信钛业、鲁北化工（600727.SH）等企业相继新建或扩建氯 化法项目。例如，龙佰集团目前已形成66万吨/年氯化法产能；鲁北化工2024年拟定增募资不超3亿元， 用于扩建年产6万吨氯化法钛白粉项目。 有关数据显示，2024年全球钛白粉有效产能约1080万吨，其中中国产能占比56%，达605万吨。然而， 国内硫酸法产能仍占主导，占比接近84%，而国外氯化法产能占比超过87%。2024年，我国钛白粉产量 约476万吨，同比增长14.57%;氯化法钛白粉产量约66.3万吨，占比13.93%，同比下降4%。 2025年12月30日，天原股份（002386.SZ）发布公告称，其全资子公司宜宾天原海丰和泰有限公司拟在 现有厂区预留场地内，投资建设年产10万吨氯化法钛白粉项目，总投资14.83亿元。 天原股份证券部人士在接受《中国经营报》记者采访时表示，此次产能扩张主要基于国内外钛白粉市场 需求相对稳定。公司 ...

Group 1 - Fenglong Co., Ltd. has no plans for restructuring or listing through the company in the next 36 months [1] - Wu Zhi Electromechanical's business in robotics and commercial aerospace accounts for approximately 1% of its main business revenue [1] Group 2 - Zhongse Co., Ltd.'s subsidiary plans to invest in a lead-zinc mining expansion project with a capacity of 1.65 million tons per year [1] - Tianyuan Co., Ltd.'s subsidiary intends to invest in a project to produce 100,000 tons of titanium dioxide via chlorination [1] Group 3 - Zhejiang Construction Investment's subsidiary signed a construction contract worth 1.8 billion yuan [1] - Jinpan Technology signed a contract worth approximately 696 million yuan for a data center project [1] - Shensi Electronics won a bid for the construction of low-altitude support facilities for the Jinan digital low-altitude flight management service platform [1] Group 4 - Yalake Co., Ltd. plans to acquire a 51% stake in Wukuang Salt Lake [1] - Shengxin Lithium Energy's subsidiary intends to acquire a 30% stake in Qicheng Mining [1] - Jiete Biological plans to acquire 70% of Jieke Membrane for 7.9199 million yuan [1] Group 5 - Baili Tianheng plans to repurchase shares worth 100 million to 200 million yuan [2] - Zhongju Gaoxin intends to repurchase shares worth 300 million to 600 million yuan [2] - Jiete Biological plans to repurchase shares worth 15 million to 30 million yuan [1][2] Group 6 - Zijin Mining expects a net profit increase of approximately 59% to 62% for the year 2025 [2] - Zongheng Co., Ltd. plans to raise no more than 548 million yuan through a private placement [2]

Group 1 - Shengxin Lithium Energy plans to acquire 30% equity of Qicheng Mining for 2.08 billion yuan, aiming to hold 100% of Qicheng Mining post-transaction [1] - Qicheng Mining holds a 70.97% stake in Huirong Mining, which has confirmed Li2O resources of 989,600 tons with an average grade of 1.62% [1] - The acquisition is part of Shengxin Lithium Energy's strategy to enhance its lithium resource portfolio [1] Group 2 - Zhongju High-tech intends to repurchase shares worth 300 million to 600 million yuan, with a maximum price of 26 yuan per share [2] - Baili Tianheng plans to repurchase shares valued between 100 million to 200 million yuan, with a maximum price of 546 yuan per share [3] Group 3 - China Aluminum's subsidiary plans to acquire 51% of Yun Aluminum Logistics for approximately 264 million yuan [5] - Yilake Co. will be included in the consolidated financial statements of China Aluminum post-acquisition [5] Group 4 - Salt Lake Co. intends to acquire 51% of Wuku Salt Lake for 4.605 billion yuan, aiming to become the controlling shareholder [6] - The acquisition is part of Salt Lake Co.'s strategy to accelerate the development of a world-class salt lake industry base [6] Group 5 - Cobalt Co. plans to invest 1.741 billion yuan in the expansion of a lead-zinc mining project with an annual capacity of 1.65 million tons [7] - The investment aims to enhance the mining capacity of the Cobalt Co.'s subsidiary [7] Group 6 - Tianyuan Co. is investing 1.483 billion yuan in a new chlorination titanium dioxide project with an annual capacity of 100,000 tons [9] - The project is part of Tianyuan Co.'s expansion strategy in the titanium dioxide market [9] Group 7 - Jiangbo Long plans to purchase the remaining 19% equity of its subsidiary Zilia Eletrônicos for approximately 46.08 million USD [26] - The acquisition aims to strengthen Jiangbo Long's position in the storage business and expand its international investment layout [26] Group 8 - China National Airlines intends to purchase 60 Airbus A320NEO series aircraft at a total catalog price of approximately 9.53 billion USD [33] - The aircraft are scheduled for delivery between 2028 and 2032 [33]

（记者 曾健辉） 每经AI快讯，天原股份12月30日晚间发布公告称，公司第九届第二十一次董事会会议于2025年12月30 日以通讯方式召开。会议审议了《关于增加商品期货套期保值业务保证金额度的议案》等文件。 每经头条（nbdtoutiao）——2025十大财经新闻出炉！护航、酣战、变局、狂飙分别指向哪些大事件？ ...

今日焦点 紫金矿业：2025年净利润同比预增59%—62% 紫金矿业公告称，紫金矿业预计2025年度归属于上市公司股东的净利润约510亿元-520亿元，同比增加 约59%-62%。报告期内，主要矿产品产量同比增长，其中矿产金、矿产铜、矿产银产量及销售价格上 升，当量碳酸锂产量大幅增长，推动公司盈利显著提升。 天普股份：8月22日至12月30日累计上涨718.39% 股票明起停牌核查 天普股份公告称，鉴于近期公司股票价格短期波动较大，且公司股价累计涨幅较大，自8月22日至12月 30日累计上涨718.39%，期间已累积巨大交易风险，现已严重偏离上市公司基本面，为进一步维护投资 者利益，公司就近期股票交易情况进行停牌核查。经向上海证券交易所申请，公司股票将于2025年12月 31日（星期三）开市起停牌，自披露核查公告后复牌。公司无开展人工智能相关业务的计划，与股东中 昊芯英未签订任何框架性合作协议。中昊芯英自身现有资本证券化路径与上市公司无关，无资产注入计 划。 盐湖股份：拟46.05亿元现金收购五矿盐湖51%股权 明德生物公告称，公司与蓝帆医疗签署《股权收购意向协议》，拟以现金方式收购武汉必凯尔救助用品 有限公 ...

Company Announcements - Tianpu Co., Ltd. has seen a cumulative increase of 718.39% in stock price from August 22 to December 30, leading to a suspension for verification starting December 31, 2025 [1] - Dongjie Intelligent has terminated its major asset restructuring plan and will resume trading on December 31, 2025 [2] - Zijin Mining expects a net profit increase of 59%-62% for 2025, with significant increases in the sales prices of gold, copper, and silver [2] - Jinpan Technology signed a contract for an overseas data center project worth approximately 696 million yuan [3] - Yanhai Co., Ltd. plans to acquire 51% of Wenkang Salt Lake for 4.605 billion yuan to enhance its salt lake industry base [5] - Shengxin Lithium Energy intends to acquire 30% of Qicheng Mining for 2.08 billion yuan, which is developing a lithium mine with an annual capacity of 3 million tons [7] - Mingde Bio plans to acquire 100% of Wuhan Bikaier Rescue Supplies Co., Ltd. in a significant asset restructuring [8] - Guotou Zhonglu plans to issue shares to acquire 100% of China Electronics Engineering Design Institute for 6.026 billion yuan [9] - Zhaoxing Co., Ltd. plans to invest 1.53 billion yuan in intelligent robotics and high-precision components for automotive applications [10] Stock Movements - Chaojie Co., Ltd. reported a reduction of 3.00% in shares by its controlling shareholder from November 25 to December 29, 2025 [6] - Five Continents New Spring's third-largest shareholder reduced holdings by 2.73% from November 3 to December 29, 2025 [13] - Zhongju Gaoxin plans to repurchase shares worth 300 million to 600 million yuan for capital reduction [20] Contracts and Projects - Zhejiang Construction signed an 18 billion yuan construction contract for a campus project [23] - Shen Si Electronics won a 199.8 million yuan project for low-altitude flight management services in Jinan [24] - Wangfujing signed a contract for a duty-free project at Beijing Capital International Airport, with a minimum operating fee of 113 million yuan [25] Investments and Financing - Tianyuan Co., Ltd. plans to invest 1.483 billion yuan in a titanium dioxide project [15] - Zhongke Co., Ltd. plans to invest 1.741 billion yuan in an expansion project for lead-zinc mining [16] - Zongheng Co., Ltd. plans to raise up to 548 million yuan for drone systems and AI technology projects [26]

（文章来源：证券日报） 证券日报网讯 12月30日，天原股份发布公告称，天原股份第九届董事会第二十一次会议审议通过《关 于增加商品期货套期保值业务保证金额度的议案》。 ...