Market Overview - The Shanghai Composite Index rose by 0.29% on November 27, with 13 industries experiencing gains, led by light industry manufacturing and basic chemicals, which increased by 1.09% and 1.01% respectively [1] - The total net outflow of capital from the two markets was 21.827 billion yuan, with six industries seeing net inflows, primarily in light industry manufacturing, which had a net inflow of 590 million yuan [1] Basic Chemicals Industry - The basic chemicals industry saw a rise of 1.01% with a total net inflow of 206 million yuan, comprising 404 stocks, of which 274 rose and 115 fell [2] - Notable stocks with significant net inflows included Daoming Optics with 185 million yuan, Wanhua Chemical with 153 million yuan, and Yongtai Technology with 112 million yuan [2] - The industry also had stocks with significant net outflows, including Guofeng New Materials with a net outflow of 162 million yuan and Kaimete Gas with 130 million yuan [2][4] Capital Flow in Basic Chemicals - The top stocks in terms of capital inflow included: - Daoming Optics: +10.02%, turnover rate 4.87%, net inflow 185.29 million yuan - Wanhua Chemical: +3.45%, turnover rate 1.21%, net inflow 152.59 million yuan - Yongtai Technology: +1.51%, turnover rate 12.85%, net inflow 111.69 million yuan [2] - The top stocks in terms of capital outflow included: - Guofeng New Materials: -9.99%, turnover rate 22.38%, net outflow 162.03 million yuan - Kaimete Gas: -4.19%, turnover rate 11.65%, net outflow 130.78 million yuan - Duofluor: 0.00%, turnover rate 14.58%, net outflow 119.59 million yuan [4]

企业是市场经济和科技创新的主体，也是当前区域竞争的关键焦点和科技政策的支持重点，作为我省经 济发展"主力军"、科技创新"强引擎"的民营企业起到了非常重要的作用。11月26日，在省政府新闻办召 开的2025河南省民营经济高质量发展系列第二场新闻发布会上，省科学技术厅党组成员、副厅长陶曼晞 介绍，截至目前，我省民营企业中，高新技术企业数量达到12649家、科技型中小企业数量达到27796 家，占比均超过全省总量的95%。 我省先后出台《科技助企惠企政策新十条》《河南省支持企业科技创新若干政策措施》等，其中"新十 条"已拨付2.1亿元财政资金服务千余家民企，"若干政策措施"从八方面提供"真金白银"支持。同步推出 科技创新赋能专项行动方案，指导4000余家亿元级企业开展有组织科研，夯实创新基本盘。 通过以上举措，我省创新赋能民营经济高质量发展工作取得了较好成效，企业创新发展意愿不断增强。 今年前三季度全省规上高新技术产业增加值增速10.5%，以23.3%的规上工业占比贡献34.2%的产值，增 加值占比达52%。2024年全省企业研究与试验发展（R&D）经费占全省的85.2%，较全国平均水平高7.5 个百分点，成为研发 ...

Core Viewpoint - The chemical sector has shown a significant rebound, with the chemical ETF (516020) experiencing a rise of 1.17% by the end of the trading day on November 25, 2025, following a brief dip at the opening [1][4]. Group 1: Market Performance - The chemical ETF (516020) reached a maximum intraday increase of 1.43%, with notable gains in sectors such as fluorine chemicals, lithium batteries, potassium fertilizers, and phosphorus chemicals [1]. - Key stocks in the sector included Multi-Fluorine, which surged by 7.26%, and Tianqi Lithium, which rose by 4.36%, with several others like Enjie and Cangge Mining also increasing by over 3% [1]. Group 2: Historical Performance - The chemical ETF's index has recorded a year-to-date increase of 25.08%, outperforming major A-share indices such as the Shanghai Composite Index (15.46%) and the CSI 300 Index (14.12%) [4]. - Over the past five years, the detailed chemical index has shown varied performance, with a peak increase of 51.68% in 2020 and a decline of 26.87% in 2022 [2]. Group 3: Industry Developments - The first large-capacity all-solid-state battery production line in China has been completed and is entering small-scale testing, with energy density expected to double compared to existing batteries, aiming for vehicle testing by 2026 [3]. - The capital expenditure in the basic chemical industry is nearing completion, and the supply-demand dynamics are improving under the "anti-involution" policy [3]. Group 4: Future Outlook - The chemical industry is anticipated to experience dual improvements in performance and valuation due to the "anti-involution" trend, with leading companies likely to gain market share through better management and energy control [5]. - The focus on high-end, intelligent, and green transformation in the chemical sector is supported by national policies aimed at enhancing competitiveness in strategic emerging industries [5].

Core Insights - The lithium battery industry is experiencing a new cycle characterized by rising prices and increasing demand for hexafluorophosphate lithium, which is a key raw material for electrolytes [2][3][4] Price Trends - Hexafluorophosphate lithium prices have been on the rise since September, reaching an average of 160,500 CNY per ton by November 25, marking a 226% increase from the low of 49,300 CNY per ton in July [3] Order and Demand - The industry is witnessing robust demand, with companies reporting significant improvements in performance. For instance, the revenue of Dofluorid increased over fourfold year-on-year in the first three quarters of 2025, while Tianqi Materials reported a 22.34% increase in revenue to 10.843 billion CNY [4] Production Expansion - To meet the growing demand in the energy storage market, the industry has initiated multiple expansion projects for hexafluorophosphate lithium, with nearly 10 projects updated this year [5][6] Specific Projects - Notable projects include: - Hongyuan Pharmaceutical's 6,000 tons/year hexafluorophosphate lithium expansion project, which has passed energy-saving and environmental assessments [6] - The approval of Jiangxi Fuli's 50,000 tons/year hexafluorophosphate lithium project, which is in the equipment procurement phase [8] - Xinjiang Kexin Chemical's investment of 8.647 billion CNY for a project that includes 30,000 tons/year of hexafluorophosphate lithium [9] Capacity and Market Dynamics - The current market is dominated by leading companies with concentrated market share and effective capacity. This is expected to lead to increased orders and high operating rates, positively impacting performance [10][11]

Group 1 - The chemical sector has regained momentum, with the chemical ETF (516020) experiencing a maximum intraday price increase of 1.43%, closing up 1.04% as of the report [1] - Key stocks in the lithium battery, fluorine chemical, and phosphate chemical sectors have shown significant gains, with companies like Duofluoride rising over 7% and Tianci Materials increasing over 4% [1] - The overall market sentiment indicates a positive outlook for the chemical industry, driven by recent developments and investments in advanced materials and technologies [3][4] Group 2 - Citic Securities anticipates an improvement in the supply-demand structure of the lithium battery industry by 2026, with accelerated industrialization of solid-state batteries creating investment opportunities across various segments [3] - The current valuation of the chemical sector is considered attractive, with the chemical ETF's underlying index trading at a price-to-book ratio of 2.26, which is relatively low compared to historical levels [3] - The chemical industry is expected to benefit from a new round of supply-side reforms, enhancing the market share of leading companies through better management and energy control [3][4] Group 3 - Dongguan Securities highlights the government's focus on high-end, intelligent, and green transformation in the chemical sector, supported by various policies aimed at upgrading key industries [4] - The chemical ETF (516020) is recommended as an efficient way to gain exposure to the chemical sector, with nearly 50% of its holdings in large-cap leading stocks [4] - The report emphasizes the importance of monitoring developments in the new materials and fine chemicals sectors as part of the investment strategy [4]

六氟磷酸锂的涨价，也反映在了动力电池产业链相关供应商的股价上：天赐材料、多氟多等"六氟磷酸锂概念股"从今年8月底开始明显上涨，成为二级市 场热议的概念。不过在一周前陆续冲到近期最高点后，天赐材料、多氟多等股票在近几个交易日出现了回调。 相比渲染市场情绪，我们更倾向从产业角度来分析这一轮的六氟磷酸锂涨价。 六氟磷酸锂，这个普通消费者几乎接触不到的化合物，不仅是生产锂电池电解液的重要原材料，还正在创造一场近乎夸张的大涨价。 今年7月，在经历了3年价格回调后，六氟磷酸锂的市场价格开始回升。《证券日报》援引Wind数据显示，六氟磷酸锂价格从7月低点约4.93万元/吨迅速攀 升，至11月17日部分市场报价已突破15万元/吨，短短四个月内涨幅已超200%。据"上海有色网"统计，11月24日六氟磷酸锂的平均价已达到15.8万元/吨。 | SMN= | 首页 原料价格 | 产业数据 | 产业资讯 | 研究报告 | 成本解构 | 历史价格 | | --- | --- | --- | --- | --- | --- | --- | | 您所在的位置: SMM汽车产业 > 原料价格 > 价格详情 | | | | | | | | ■ ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002407 证券简称：多氟多公告编号:2025-086 多氟多新材料股份有限公司关于受让河南空天产业基金合伙企业（有限合伙）份额暨对外投资的公告 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。 一、对外投资概述 多氟多新材料股份有限公司（以下简称"公司"）于2025年11月24日与焦作通财创新创业投资基金（有限 合伙）（以下简称"焦作通财"）等相关方签订《关于河南空天产业基金合伙企业（有限合伙）之财产份 额转让协议》。公司拟以0元价格受让焦作通财持有的河南空天产业基金合伙企业（有限合伙）（以下 简称"河南空天产业基金"或"合伙企业"）对应认缴出资额6,000万元（实缴出资额0元）的合伙份额（以 下简称"标的份额"或"合伙份额"），并作为有限合伙人与河南空天产业基金其他合伙人签订合伙协议， 履行出资义务。 本次交易不构成关联交易，也不构成《上市公司重大资产重组管理办法》规定的重大资产重组情形，无 需有关部门批准。 根据《公司章程》《深圳证券交易所上市公司自律监管指引第7号一一交易与关联交易》等相关规定 ...

格隆汇11月24日丨多氟多(002407.SZ)公布，公司于2025年11月24日与焦作通财创新创业投资基金（有 限合伙）（简称"焦作通财"）等相关方签订《关于河南空天产业基金合伙企业（有限合伙）之财产份额 转让协议》。公司拟以0元价格受让焦作通财持有的河南空天产业基金合伙企业（有限合伙）（简称"河 南空天产业基金"或"合伙企业"）对应认缴出资额6,000万元（实缴出资额0元）的合伙份额，并作为有 限合伙人与河南空天产业基金其他合伙人签订合伙协议，履行出资义务。 ...

Group 1 - The chemical sector experienced a decline on November 24, with the chemical ETF (516020) showing a drop of 0.9% by the end of the trading day, after hitting a low of over 2% during the session [1] - Key stocks in the lithium battery, phosphate, and fluorine chemical sectors saw significant declines, with Enjie Co. down 5.83% and Hongda Co. down 4.34%, among others [1][3] - Despite the recent pullback in popular sectors like lithium batteries, institutions remain optimistic about the long-term trends in these sectors, with expectations of improved supply-demand dynamics by 2026 [1][3] Group 2 - The chemical ETF (516020) has shown a year-to-date increase of 23.73%, outperforming major indices such as the Shanghai Composite Index (14.47%) and the CSI 300 Index (13.04%) [3][4] - Recent trading data indicates that the chemical ETF has seen net subscriptions in 7 out of the last 10 trading days, with a total net subscription amount exceeding 500 million [5] - As of November 21, the price-to-book ratio of the chemical ETF's underlying index was 2.28, indicating a relatively low valuation compared to the past decade [6] Group 3 - Analysts suggest that the chemical industry is poised for further optimization in supply-demand dynamics, with leading companies expected to gain market share due to better management and energy control [7] - The chemical ETF (516020) tracks the CSI Sub-Industry Chemical Index, covering various sub-sectors, with nearly 50% of its holdings in large-cap leading stocks [7] - The report emphasizes the potential for investment opportunities in high-quality supply chain companies with strong cost control and technological differentiation [1][7]

证券代码：002407 证券简称：多氟多 公告编号:2025-086 多氟多新材料股份有限公司 关于受让河南空天产业基金合伙企业（有限合伙）份额 暨对外投资的公告 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。 一、对外投资概述 多氟多新材料股份有限公司（以下简称"公司"）于 2025 年 11 月 24 日与 焦作通财创新创业投资基金（有限合伙）（以下简称"焦作通财"）等相关方签 订《关于河南空天产业基金合伙企业（有限合伙）之财产份额转让协议》。公司 拟以 0 元价格受让焦作通财持有的河南空天产业基金合伙企业（有限合伙）（以 下简称"河南空天产业基金"或"合伙企业"）对应认缴出资额 6,000 万元（实 缴出资额 0 元）的合伙份额（以下简称"标的份额"或"合伙份额"），并作为 有限合伙人与河南空天产业基金其他合伙人签订合伙协议，履行出资义务。 本次交易不构成关联交易，也不构成《上市公司重大资产重组管理办法》规 定的重大资产重组情形，无需有关部门批准。 根据《公司章程》《深圳证券交易所上市公司自律监管指引第 7 号——交易 与关联交易》等相关规定，本次投资事 ...