经济观察网近期染料行业出现涨价潮，多家企业自2026年2月初起上调分散染料价格。例如，浙江龙盛 （600352）于2月8日分散染料黑报价累计上涨5000元/吨，闰土股份（002440）同期分散染料黑每吨累 计上涨约5000元，福莱蒽特（605566）也于2月9日起对多款分散染料产品提价2000-3000元/吨。中邮证 券指出，本轮涨价核心驱动力来自上游关键中间体还原物价格飙升，其价格从去年2.5万元/吨涨至3.8万 元/吨，涨幅超50%。染料行业被纳入"十五五"规划重点，政策聚焦绿色化转型，或对化工板块整体情绪 有提振作用。但宁波色母（301019）主营业务为色母粒(用于塑料着色)，与直接染料产品关联度较低， 需关注板块联动效应。 股票近期走势 以上内容基于公开资料整理，不构成投资建议。 宁波色母近7日(2026年2月5日至11日)股价区间涨跌幅为2.45%，振幅5.06%。最新交易日(2月11日)收盘 价23.87元，单日涨0.63%，成交额2167万元，换手率0.87%。资金流向显示当日主力净流出12.13万元， 散户资金净流入1.21万元。技术面上，股价近期处于震荡区间，20日布林带压力位26.29元， ...

Group 1 - The dye and chemical sector has strengthened again, with companies like Yancheng Chemical Co., Ltd. and Huatai reaching their daily limit, while Jihua Group, United Chemical, Huilong Co., Ltd., Hangmin Co., Ltd., and Yayun Co., Ltd. also saw increases [1] - Zhejiang Longsheng has raised prices for certain disperse dyes, with the price of disperse black dye increasing by 5,000 yuan per ton as of February 8 [1] - Due to the recent rise in the price of reducing agents, Runtu Co., Ltd. has also seen the price of disperse black dye increase by approximately 5,000 yuan per ton [1]

Summary of Dye Industry Conference Call Industry Overview - The dye industry is currently experiencing a significant price increase, with reduction agents rising from a previous low of 25,000 yuan/ton to the current 70,000 yuan/ton, with expectations to surpass the previous high of 100,000 yuan/ton [1] - Mainstream disperse black dye prices have increased by 5,000 yuan/ton recently, currently priced at approximately 21,000 yuan/ton, with historical highs nearing 50,000 yuan/ton, and there is potential for prices to reach 30,000 yuan/ton [1][1] Key Points - **Downstream Demand**: The cost of dyes represents a very low percentage of overall costs for downstream printing and dyeing factories, which prioritize the stability of their orders. The demand for textiles and apparel is expected to improve in 2026 [1] - **Price Increase Strategy**: The current price increases are seen as just the beginning, with a more significant price surge expected after the holiday period as downstream factories begin to restock [2][3] - **Market Expectations**: - The reduction agent is just the first card to play; other intermediates like meta-phenylenediamine, hexachlorobenzene, and hexabromobenzene are still at low prices, providing more opportunities for leading companies [3] - Active dyes are also expected to see price increases [3] Investment Recommendations - The call suggests a favorable outlook for leading companies in the dye industry, predicting that the new round of price increases led by top firms may exceed market expectations in terms of both height and sustainability. Recommended companies to watch include: - Zhejiang Longsheng - Runtu Co., Ltd. - Jihua Group - Jinchijiang Co., Ltd. - Anuoqi - Yayun Co., Ltd. - Some of these stocks are believed to have the potential for doubling in value [3]

Group 1 - The People's Bank of China (PBOC) released the "2025 Q4 China Monetary Policy Implementation Report," emphasizing the continuation of a moderately loose monetary policy to support economic governance and the "14th Five-Year Plan" [5][6] - The report highlights the importance of counter-cyclical and cross-cyclical adjustments to enhance macroeconomic governance effectiveness [5] - The report aims to integrate incremental and stock policy effects to achieve a good start for the "14th Five-Year Plan" [5] Group 2 - Five departments issued the "Implementation Opinions on Strengthening the Capacity Building of the Information and Communication Industry to Support Low-altitude Infrastructure Development," focusing on the collaborative development of information infrastructure and low-altitude applications [6] - The plan includes achieving a ground mobile communication network coverage rate of no less than 90% for low-altitude public air routes by 2027, along with the development of at least 10 standards for information infrastructure [6] - The initiative aims to enhance low-altitude navigation service levels and create typical low-altitude application scenarios in urban governance, logistics, and cultural tourism [6] Group 3 - Data shows that from the stock registration date of December 1, 2025, to February 9, 2026, approximately 270 A-share listed companies implemented cash dividends totaling over 370 billion yuan, a year-on-year increase of about 9.6% [8] - The "15th Five-Year Plan" for Zhejiang Province aims to cultivate trillion-level industrial clusters, focusing on core industries like embodied intelligence and smart driving, with a target of achieving 1.2 trillion yuan in revenue from the core AI industry by 2030 [8]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002440 证券简称：闰土股份 公告编号：2026-005 浙江闰土股份有限公司 关于股价异动的公告 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、股票交易异常波动情况 3、公司目前经营情况正常，内外部经营环境未发生重大变化。 分散染料是公司的主要产品之一，还原物是分散染料较重要的中间体之一。因受还原物价格上涨因素影 响，公司分散染料的市场报价近期几次小幅上调，预计将对公司2026年业绩产生正面影响。但由于分散 染料价格波动的可持续性具有不确定性，暂时无法预计对公司业绩的影响程度，敬请投资者理性投资， 注意投资风险。 4、公司、控股股东及实际控制人不存在关于公司的应披露而未披露的重大事项，或处于筹划阶段的重 大事项。 5、公司控股股东、实际控制人在公司股票交易异常波动期间不存在买卖本公司股票的情形。 6、公司不存在违反公平信息披露规定的情形。 三、是否存在应披露而未披露信息的说明 浙江闰土股份有限公司（以下简称"公司"）股票（证券简称：闰土股份，证券代码：002440）于2026年 2月6日、 ...

Investment Rating - The report maintains an "Optimistic" rating for the chemical industry [2][3] Core Insights - The report highlights an upward trend in the dye, PVA, and vitamin sectors, with price increases expected post-holiday. It emphasizes the importance of positioning in the spring chemical sector [2][3] - Oil prices are expected to remain in a relatively loose range, supported by a stronger bottom, with Brent crude projected between $55-70 per barrel. Coal prices are stabilizing, and natural gas costs are anticipated to decline due to increased export facilities in the U.S. [2][3] - The report suggests focusing on specific sectors such as textiles, agriculture, exports, and beneficiaries of "anti-involution" policies for investment opportunities [2][3] Summary by Sections Industry Dynamics - Current macroeconomic judgment indicates that oil supply is slowing due to OPEC+ production delays and peak shale oil output. Demand is stabilizing with global economic improvements, leading to a forecast of stable oil demand [3][4] - The chemical industry is experiencing a recovery phase, with PPI showing a slight increase and manufacturing PMI at 49.3%, indicating some volatility in manufacturing operations [4] Investment Analysis - The report recommends investments in the textile chain, agricultural chain, export chain, and sectors benefiting from anti-involution policies. Specific companies to watch include: - Textiles: Lu Xi Chemical, Tongkun Co., Rongsheng Petrochemical, Hengli Petrochemical - Agriculture: Hualu Hengsheng, Baofeng Energy, Yuntianhua, Xingfa Group - Exports: Juhua Co., Sanmei Co., Wanhu Chemical, and others [2][3] - Key materials for growth include semiconductor materials, panel materials, and biobased materials, with specific companies highlighted for each category [2][3] Key Company Valuations - The report provides a valuation table for key companies, indicating their market capitalization and projected earnings for 2024-2027, with recommendations for "Increase" or "Buy" ratings for several firms [15][16]

智通财经APP讯，闰土股份(002440.SZ)发布公告，公司股票于2026年2月6日、2026年2月9日、2026年2 月10日连续三个交易日收盘价格涨幅偏离值累计超过20%，根据深圳证券交易所的有关规定，属于股票 交易的异常波动情况。分散染料是公司的主要产品之一，还原物是分散染料较重要的中间体之一。因受 还原物价格上涨因素影响，公司分散染料的市场报价近期几次小幅上调，预计将对公司2026年业绩产生 正面影响。但由于分散染料价格波动的可持续性具有不确定性，暂时无法预计对公司业绩的影响程度。 ...

闰土股份（002440）(002440.SZ)发布公告，公司股票于2026年2月6日、2026年2月9日、2026年2月10日 连续三个交易日收盘价格涨幅偏离值累计超过20%，根据深圳证券交易所的有关规定，属于股票交易的 异常波动情况。分散染料是公司的主要产品之一，还原物是分散染料较重要的中间体之一。因受还原物 价格上涨因素影响，公司分散染料的市场报价近期几次小幅上调，预计将对公司2026年业绩产生正面影 响。但由于分散染料价格波动的可持续性具有不确定性，暂时无法预计对公司业绩的影响程度。 ...

Group 1 - Baichuan Co., Ltd. announced that recent price increases of some main products are influenced by market supply and demand, but the sustainability of these price fluctuations is uncertain, making it difficult to predict the impact on company performance [2] - Jincheng Co., Ltd. plans to acquire an additional 42.5% stake in CMH Company, adjusting the payment terms to a fixed cash amount of $128 million, which will increase its ownership to 97.5% if the transaction is completed [3] - Runtou Co., Ltd. reported that the sustainability of price fluctuations in disperse dyes is uncertain, making it difficult to estimate the impact on company performance, despite recent price increases [4] Group 2 - Zhongtung High-tech announced a project to implement an additional 30 million PCB drill rods per year with an investment of 145 million yuan, aiming to expand market share and secure raw material needs [5] - ST Xinhua Jin indicated that if it fails to recover approximately 406 million yuan in occupied funds within six months, it may face stock suspension and potential delisting [6] - Lian De Co., Ltd. stated that its gas turbine business currently only generates limited revenue, accounting for less than 1% of total revenue, thus having a minimal impact on overall performance [7] Group 3 - Xinhang New Materials plans to raise up to 1 billion yuan through a private placement to fund projects related to high-performance resins and composite materials [8] - Changfei Optical Fiber noted that its products for data centers currently represent a small portion of global market demand, and the impact of price fluctuations on future performance will depend on market conditions [9] Group 4 - SMIC reported a net profit of 1.223 billion yuan for Q4 2025, a 23.2% increase year-on-year, driven by increased wafer sales and improved capacity utilization [11] - CITIC Securities announced that its subsidiary, Huaxia Fund, achieved a net profit of 2.396 billion yuan in 2025 [12] - Xinzhou Bang reported a net profit of 1.098 billion yuan for 2025, a 16.56% increase year-on-year, attributed to improved sales and operational efficiency [13] Group 5 - Youyan Silicon reported a net profit decline of 10.14% for 2025, with total revenue of 1.005 billion yuan, primarily due to increased investment losses and higher share-based payment expenses [14] - Kangbiter completed its first share buyback, acquiring 51,000 shares for a total of 785,400 yuan [15] - Linyang Energy announced its first share buyback of 8.35 million shares, totaling 52.325 million yuan [16] Group 6 - Hanwei Technology's shareholder plans to reduce its stake by up to 1.8639% due to personal funding needs [19] - Jiuzhitang's major shareholder reduced its stake by 1.02%, following a pre-planned reduction strategy [20] Group 7 - China State Construction signed new contracts worth 399.5 billion yuan in January 2026, reflecting a 1.8% year-on-year increase [21] - Senyuan Electric is expected to win a bid for a project worth 272 million yuan from the Southern Power Grid [22] - Jinguang Electric announced a successful bid for a project worth approximately 28.87 million yuan from the Southern Power Grid [23]

Investment Rating - The report maintains an "Optimistic" rating for the chemical industry [2][3] Core Insights - The chemical macroeconomic outlook indicates a stable increase in oil demand due to global economic recovery, with Brent crude oil expected to remain in the range of $55-70 per barrel [2][3] - The dye, PVA, and vitamin sectors are experiencing upward trends, with price increases anticipated post-holiday, highlighting the importance of positioning in the spring chemical sector [2][3] - The report suggests focusing on specific companies within the textile, agricultural, export, and "anti-involution" sectors for investment opportunities [2][3] Summary by Relevant Sections Chemical Macro Outlook - Oil supply is constrained due to OPEC+ production delays and peak shale oil output, while demand is stabilizing with tariff adjustments and economic improvements [2][3] - Coal prices are expected to stabilize at a long-term bottom, and natural gas costs may decrease as the U.S. accelerates export facility construction [2][3] Price Trends and Recommendations - Dye prices are expected to rise significantly, with companies like Zhejiang Longsheng and Runtu Co. recommended for investment [2][3] - PVA prices have increased from 9,530 CNY/ton to 10,244 CNY/ton, indicating further upward potential, with a focus on Anhui Wuhua [2][3] - Vitamin E prices are projected to rise post-holiday due to production halts during the Chinese New Year, with New Hope Liuhe recommended [2][3] Investment Strategy - The report recommends a diversified investment approach across four main chains: textile, agricultural, export, and sectors benefiting from "anti-involution" policies [2][3] - Key companies to watch include: - Textile: LUXI Chemical, Tongkun Co., and Hengli Petrochemical - Agricultural: Hualu Hengsheng, Baofeng Energy, and Yuntianhua - Export-related chemicals: Juhua Co., Wanhua Chemical, and leading titanium dioxide producers [2][3] Growth Focus - Emphasis on self-sufficiency in key materials, particularly in semiconductor and panel materials, with companies like Yake Technology and Dingsheng Co. highlighted [2][3]