证券日报网讯1月21日，闰土股份（002440）在互动平台回答投资者提问时表示，截至2026年1月20日， 公司股东人数为33216户。 ...

Investment Rating - The industry investment rating is "Outperform the Market - A" [5] Core Insights - The industry is experiencing a dual transformation in cost and structure due to high dependence on key intermediates, particularly 2-chloro-4-nitroaniline, which is essential for the production of disperse dyes [1] - The concentration of the disperse dye industry is increasing, with a CR4 of 70.69%, as stricter environmental regulations lead to the exit of non-compliant small and medium enterprises [2] - The implementation of carbon neutrality policies is expected to limit capacity expansion and further concentrate market share among companies with superior energy-saving and environmental protection technologies [2] Summary by Sections Industry Overview - The disperse dye industry is heavily reliant on key intermediates, which may lead to increased production costs and potential market consolidation [1] - Environmental regulations are tightening, resulting in a higher concentration of the industry and the exit of non-compliant firms [2] Company Recommendations - Recommended companies include: - Zhejiang Longsheng: 300,000 tons of dye and 100,000 tons of additives capacity, leading market share [3] - Runtu Co., Ltd.: 118,000 tons of disperse dye capacity [3] - Jihua Group: 75,000 tons of disperse dye capacity [3] - Yabang: Leading in anthraquinone structure disperse dyes [3] - Annoqi: 40,000 tons of disperse dye capacity [3] - Fulai Ant: 24,000 tons of disperse dye capacity [3] - Wanfeng: 10,000 tons of disperse dye capacity, with expansion plans [3] Market Performance - The industry has shown strong relative and absolute returns over the past months, with a 30.3% increase over 12 months [8]

Core Viewpoint - Luntou Co., Ltd. (SZ002440) experienced a limit-up on January 21, 2026, reaching a price of 9.01 yuan, with a 10.01% increase, and a total market capitalization of 10.127 billion yuan, driven by a complete industrial chain, performance growth, and improved corporate governance [1] Group 1: Company Performance - Luntou Co., Ltd. is primarily engaged in the research, production, and sales of textile dyes, having established a complete industrial chain from thermal power and steam to dyes, which ensures raw material supply and enhances cost control capabilities [1] - The company's net profit for the first three quarters of 2025 increased by 49.10% year-on-year, while the net profit excluding non-recurring items grew by 60.93%, indicating an improvement in the profitability of its main business [1] - Operating cash flow from business activities increased by 316.58% year-on-year, reaching 725 million yuan, reflecting an enhancement in operational quality [1] Group 2: Corporate Governance - The company has continuously optimized its governance structure by revising 20 governance systems and establishing multiple specialized committees, which enhances decision-making scientificity and transparency [1] Group 3: Market Dynamics - The domestic dye industry has a high market share for Luntou Co., Ltd., and the industry concentration is favorable for leading enterprises [1] - The chemical dye sector has recently gained market attention, with multiple stocks in this sector showing active performance, creating a certain degree of sector linkage effect [1] - Significant capital inflow into Luntou Co., Ltd. on the day of the limit-up contributed to the stock price surge, and technical indicators such as the MACD have shown a bullish crossover, indicating a clear upward trend in the short term [1]

Group 1 - The concept of disperse dyes is experiencing a significant upward trend, with Luneng Co., Ltd. hitting the daily limit increase [1] - Zhejiang Longsheng, Jinchicken Co., Ltd., Jihua Group, and Shanshui Technology are among the companies with notable gains [1]

证券日报网1月15日讯 ，闰土股份在接受调研者提问时表示，公司通过实施"后向一体化"策略，向上延 伸产业链，产业链配套布局成果显著。目前公司已布局还原物等关键中间体产能，有力地保障了原材料 供给；同时公司也将继续加大对关键中间体的规划、研究、开发工作，确保公司产业链的完整性。目前 公司染料产业体系已形成了从热电、蒸汽、氯气、烧碱，到中间体、滤饼、染料等完善的产业链。 （文章来源：证券日报） ...

证券日报网1月15日讯 ，闰土股份在接受调研者提问时表示，2025年前三季度，公司实现营业收入4， 163，303，974.91元，同比增长2.25%；实现营业利润326，804，261.74元，同比增长11.78%；实现归 属于上市公司股东的净利润225，054，399.80元，同比增长49.10%。 （文章来源：证券日报） ...

证券日报网1月15日讯，闰土股份（002440）在接受调研者提问时表示，目前国内H酸的有效产能不足6 万吨，市场有效供应存在10%以上的缺口；历史上，H酸价格曾到达过10万元/吨以上。目前H酸市场报 价保持在39，000元/吨左右。 ...

证券日报网1月15日讯，闰土股份（002440）在接受调研者提问时表示，染料产品价格由市场供需及原 料价格等因素决定。公司染料产品价格随行就市，采取价格跟随策略。 ...

证券日报网1月15日讯，闰土股份（002440）在接受调研者提问时表示，公司H酸产能在控股子公司江 苏明盛。目前，H酸装置处于停产状态。已在公司《2025年半年度报告》中披露。 ...

（记者 曾健辉） 每经AI快讯，闰土股份发布公告称，2026年1月14日上午10:30-12:00，闰土股份接受华泰证券、南方基 金调研，公司副总经理、董事会秘书刘波平，证券事务代表焦大伟参与接待，并回答了投资者提出的问 题。 每经头条（nbdtoutiao）——不到20万元，就能买特斯拉了？"廉价版"Model 3或进入中国市场，续航里 程480公里！关于自动驾驶，美国市场也有大调整 ...