人民财讯12月5日电，多氟多（002407）12月5日公告，公司董事、控股股东一致行动人李凌云拟减持公 司股份不超过231.07万股，占剔除公司回购专用账户股份后总股本的0.2%。 ...

2025年1至6月份，多氟多的营业收入构成为：工业占比79.42%，其他行业占比20.58%。 截至发稿，多氟多市值为369亿元。 每经AI快讯，多氟多（SZ 002407，收盘价：30.96元）12月5日晚间发布公告称，持有公司股份约924万 股（占剔除公司回购专用账户股份后总股本的比例为0.8%）的董事、控股股东一致行动人李凌云女士 计划通过集中竞价、大宗交易方式合计减持公司股份不超过约231万股（占剔除公司回购专用账户股份 后总股本的比例为0.2%）。 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） ...

证券代码：002407 证券简称：多氟多 公告编号：2025-087 多氟多新材料股份有限公司 关于董事、控股股东一致行动人减持股份预披露的公告 李凌云女士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。 特别提示： 持有本公司股份 9,242,986 股（占剔除公司回购专用账户股份后总股本的比例 0.80%）的董事、控股股东一致行动人李凌云女士计划通过集中竞价、大宗交易方式 合计减持公司股份不超过 2,310,746 股（占剔除公司回购专用账户股份后总股本的比 例 0.20%）。 近日，多氟多新材料股份有限公司（以下简称"公司"）收到董事、控股股东一 致行动人李凌云女士出具的《股份减持计划告知函》，现将有关情况公告如下： 一、股东的基本情况 1、本次减持股东名称：李凌云女士 1、减持原因：自身资金需求。 2、股份来源：公司首次公开发行前已持有及二级市场上增持的股份。 3、拟减持的股份数量及减持比例：拟减持其所持有的公司股份不超过 2,310,746 股，占剔除公司回购专用账户股份后总股本的比例 0.20%。 ...

（文章来源：每日经济新闻） 每经AI快讯，12月5日，锂电电解液指数盘中下挫2%，成分股多数走低。其中，海科新源跌7.69%，天 际股份跌2.72%，多氟多跌2.36%，杉杉股份跌2.24%，石大胜华跌1.79%。 ...

Core Viewpoint - The chemical industry is currently experiencing a dual bottom in valuation and profitability, with signs of recovery in profit margins and a potential upward trend in the economic cycle driven by demand recovery and resource supply contraction [1][2]. Group 1: Industry Performance - As of December 3, 2025, the chemical sector index rose by 0.87%, with notable gains from stocks such as Hangzhou Oxygen Plant (up 4.48%) and Yara International (up 4.42%) [1]. - The basic chemical sector's net profit increased by 7.45% year-on-year for the first three quarters of 2025, indicating a recovery trend despite mixed performance across sub-sectors [1]. - The overall chemical industry remains at a low level of prosperity, but a gradual improvement in profit margins is becoming evident [1]. Group 2: Market Dynamics - The industry is expected to benefit from reduced supply-side pressures and a global monetary easing environment, particularly with the anticipated interest rate cuts by the Federal Reserve, which could stimulate downstream demand [1]. - The focus on "anti-involution" policies is crucial as multiple sub-industries face competitive pressures, and the industry is likely to accelerate the release of high-performance new materials driven by AI demand [1][2]. Group 3: Investment Opportunities - Investors can track the chemical sector through the Jia Shi Chemical ETF (159129), which closely follows the China Securities Index for the chemical industry [2]. - There are also opportunities for off-market investors to engage with the chemical sector via the Chemical ETF Connect Fund (013527) [3].

Investment Rating - The industry rating is "Overweight" (maintained) [5] Core Insights - The sodium-ion battery industry is transitioning from "industrialization year" to "scale application year" in 2025, with significant growth expected in various applications such as energy storage, start-stop systems, two-wheeled vehicles, and mid-low range electric vehicles [5][37] - The average price of sodium battery cells in 2025 is projected to be 0.52 yuan/Wh, expected to drop to 0.25 yuan/Wh by 2030 [5][37] - The global sodium battery market is anticipated to reach a scale of 1,051 GWh by 2030, with substantial contributions from energy storage and automotive sectors [5][39][40] Summary by Sections 1. Sodium-Ion Battery Material Segments - Key materials for sodium-ion batteries include layered oxides, polyanions, and Prussian blue, with polyanions expected to dominate the market by 2030 [5][16][51] - The production process for sodium-ion batteries is similar to that of lithium-ion batteries, with specific adjustments in material handling and processing [5][33][34] 2. Market Application Potential - The energy storage sector shows immense potential for sodium batteries, particularly in large-scale storage systems due to their long cycle life and safety features [5][37] - In the automotive sector, sodium batteries are expected to dominate the A00/A0 class microcars and economical family cars, with a projected market size of 410 GWh by 2030 [5][40][41] 3. Material Shipment Forecasts - For 2025, the total shipment of sodium battery positive materials is expected to reach 15,000 tons, with polyanion materials surpassing layered oxides in shipment volume [5][51] - The shipment of sodium battery negative materials is projected to be 141.9 million tons by 2030, with hard carbon remaining the mainstream choice [5][54] - The sodium battery electrolyte market is expected to see a shipment of 157.7 million tons by 2030, with prices decreasing from 28,000 yuan/ton in 2025 to 15,000 yuan/ton by 2030 [5][58] 4. Key Company Developments - CATL launched its sodium battery products in 2025, achieving energy densities of 175 Wh/kg and over 10,000 cycles, marking a significant advancement in battery technology [5][61] - BYD reported a sodium battery cell capacity of 200 Ah and a cycle life exceeding 10,000 cycles, showcasing superior performance compared to existing lithium batteries [5][64] - Transart Technology is expanding its sodium battery production capacity, targeting applications in electric two-wheelers and other sectors [5][66] - Weike Technology is focusing on the development and production of sodium battery products, emphasizing their application in energy storage and start-stop systems [5][67]

证券研究报告 行业研究 / 行业点评 2025 年 12 月 02 日 陆嘉怡 S0820124120008 021-32229888-25521 lujiayi@ajzq.com 电力设备 一年内行业指数与沪深 300 指数对比走势： 资料来源：聚源数据，爱建证券研究所 相关研究 《数据中心能耗和功率提升推动供电架构革新， SST 市场空间广阔》2025-11-26 《储能锂电需求向好，锂电材料价格温和抬升》 2025-11-25 《10 月光伏出口环比下滑，储能需求旺盛》 2025-11-25 《动力和储能电池需求强劲，原材料和电芯价 格明显回升》2025-11-19 《电新行业 2025Q3 公募基金持仓分析》 2025-11-19 朱攀 S0820525070001 021-32229888-25527 zhupan@ajzq.com 联系人 行业及产业 动力和储能锂电需求向好，锂电材料价 格涨跌互现 ——锂电行业跟踪 强于大市 投资要点： 排产：10 月份锂电行业排产超预期。2025 年 1-10 月，国内电池和磷酸铁锂正极材料产量 明显高于 2024 年同期。2025 年 10 月，国内电池产量 ...

Group 1 - The lithium battery electrolyte index experienced a decline of 3% during intraday trading [1] - Most component stocks in the index showed downward movement, with Shida Shenghua dropping by 7.48% [1] - Haike Xinyuan fell by 5.17%, Tianji Co. decreased by 4.57%, and Duofuduo dropped by 4.17% [1] - Aok Co. saw a decline of 3.52% [1]

国家级荣誉加持，行业领袖连任，多氟多新材料股份有限公司在知识产权领域"双喜临门"。在国家知识 产权局近日公布的首批国家级产业知识产权运营中心名单中，多氟多新材料股份有限公司成功入选，跻 身全国65家、河南省3家获批单位之列。多氟多董事长李世江亦凭借其在知识产权领域的深厚积淀与行 业影响力，再次当选焦作市知识产权保护商会会长，标志着企业知识产权战略从自身建设迈向引领区域 发展的新阶段。这两件"喜事"，不仅是对多氟多知识产权领域实力的双重认证，更折射出中国企业从技 术自强到知识产权运营自信的升级之路。 多氟多科技大厦外景图。 (企业供图) 筑基：体系重构搭建战略支柱 在全球新材料产业的激烈竞争中，知识产权早已成为企业在"知本市场"角逐的入场券。对于多氟多而 言，这条认知之路，始于一场国际官司，最终却引领其走向了一条以"专利导航"为核心，贯通"产品、 资本、知本"三大市场的战略发展之路。 时间回溯至公司2010年上市之际，一场突如其来的跨国知识产权纠纷，给初登资本市场的多氟多上了刻 骨铭心的一课。"那一仗，打得非常艰难。"回忆往事，李世江仍感慨万千。这件事也让多氟多深刻意识 到：知识产权必须从"事后维权"的被动姿态 ...

（文章来源：每日经济新闻） 每经AI快讯，12月2日，锂电电解液指数盘中跌2%，石大胜华跌4.80%，多氟多跌4.32%，天赐材料跌 2.71%，天际股份跌2.46%，奥克股份跌2.43%。 ...