昆仑信托助力卫星化学 完成绿色新材料生产试料 从试料业务 看见产业金融的新解法 在化工新材料产业链加速向高端化、绿色化升级的背景下，如何让金融工具真正嵌入实体产业运行逻辑，成为摆在行业面前的重要课题。 近日，昆仑信托创新构建的"信托+SPV"供应链金融模式，基础设施事业部通过管理的SPV公司与化工新材料领域头部企业浙江卫星化学实业有限公司和 金达科技股份有限公司开展合作，并顺利实现双方首次试料合作的成功落地，为产业链协同发展提供了新的金融解决方案。 龙头担当｜ 卫星化学夯实新材料产业"关键一环" 卫星化学股份有限公司是拥有原创技术优势的上市企业，也是中石油集团的重要合作客户。相较于传统原油制塑料颗粒的工艺，卫星化学采用天然气分离 的轻烃为原料，其产品的绿色优势贯穿全产业链，成品兼具低碳、低成本、高纯度的核心特性，能精准匹配金达科技的生产加工需求。 本次试料产品为聚苯乙烯，依托卫星化学的绿色产业布局，该原料供应稳定且成本可控，能帮助金达科技缓解传统石化原材料价格波动的压力，优化采购 成本与供应链管理。本次试料各环节成效良好，为双方后续深化合作奠定了坚实基础。 践行 "坚持节能降碳" 理念，聚焦绿色低碳化学新材料 ...

Core Insights - The latest price of butadiene as of February 4 is 10,300.00 CNY per ton, with a recent increase of 11.07% over the last 15 days, 20.00% over the last 30 days, and 47.85% over the last 60 days [2][4] Industry Overview - Butadiene is experiencing significant price increases, indicating potential opportunities for investment in related companies [2][4] - The companies involved in butadiene production include Huajin Co., Ltd. (000059), Qixiang Tengda (002408), Rongsheng Petrochemical (002493), Satellite Chemical (002648), Sinopec (600028), Wanhua Chemical (600309), Hengli Petrochemical (600346), and China National Petroleum (601857) [2][4] Investment Strategy - The cyclical stock selection method focuses on companies that produce raw materials, where profits are highly influenced by raw material price fluctuations [2][4] - Utilizing the price fluctuation data from the business community can help identify buy signals for cyclical stocks ahead of quarterly and annual reports, making it a crucial strategy for investing in this sector [2][4]

2月3日，卫星化学涨2.97%，成交额20.05亿元。两融数据显示，当日卫星化学获融资买入额2.27亿元， 融资偿还2.03亿元，融资净买入2440.84万元。截至2月3日，卫星化学融资融券余额合计16.37亿元。 机构持仓方面，截止2025年9月30日，卫星化学十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股2.34亿股，相比上期增加8380.77万股。华泰柏瑞沪深300ETF（510300）位居第六大流通 股东，持股2860.72万股，相比上期减少144.21万股。鹏华中证细分化工产业主题ETF联接A（014942） 位居第七大流通股东，持股2528.92万股，为新进股东。易方达沪深300ETF（510310）位居第十大流通 股东，持股2072.97万股，相比上期减少65.84万股。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 融资方面，卫星化学当日融资买入2.27亿元。当前融资余额16.30 ...

Group 1 - Trump and Modi reached a trade agreement to reduce tariffs on Indian goods from 25% to 18% and cancel an additional 25% tariff on Indian purchases of Russian oil. India committed to purchasing over $500 billion worth of U.S. goods in sectors including energy, technology, agriculture, and coal [2] - SpaceX announced the completion of its acquisition of xAI, with SpaceX valued at approximately $1 trillion and xAI at around $250 billion, resulting in a combined valuation of $1.25 trillion [2] Group 2 - The U.S. Labor Statistics Bureau will not release the January non-farm employment report due to a partial government shutdown, and the December job openings report will also be postponed [4] - U.S. stock markets saw all three major indices rise, with the Dow Jones up 1.05%, S&P 500 up 0.54%, and Nasdaq up 0.56%. Notable tech stocks like Intel rose nearly 5%, while Nvidia fell over 2% [5][6] - The Nasdaq Golden Dragon China Index fell 0.65%, with significant declines in Chinese stocks such as XPeng down 8.2% and BYD down 6.7% [5] Group 3 - The U.S. dollar index increased by 0.64%, while the offshore and onshore RMB showed slight fluctuations [8] - Gold and silver experienced significant volatility, with spot gold dropping over 4% and silver declining nearly 7%. WTI crude oil futures fell by approximately 4.71% [6][8] Group 4 - The Chinese manufacturing PMI for January rose to 50.3, indicating continued expansion, driven by improvements in employment and new orders [22] - Citigroup raised its GDP forecast for Hong Kong to 3.2% for the year, reflecting a more stable recovery in major industries [24]

Market Overview - On February 2, the trading volume of the Shanghai and Shenzhen stock markets was 2.58 trillion yuan, a decrease of 250.8 billion yuan compared to the previous trading day [1] - The precious metals and non-ferrous metals sectors experienced a significant decline, while the electric grid equipment and liquor sectors saw notable gains [1] Stock Performance - Notable gainers included: - STR (+5.19% to 2.23 yuan) with a trading volume of 3.49% [2] - *ST Huqing (+5.03% to 8.14 yuan) due to performance expectations and termination of equity transfer [2] - Huangtai Liquor (+9.98% to 17.52 yuan) driven by regional brand strength and shareholder increase [2] - Horizontal Film (+10.00% to 28.05 yuan) benefiting from the Spring Festival box office [2] - Wanfu Co. (+9.99% to 28.30 yuan) due to rising dye prices [2] Stock Declines - High-profile stocks facing declines included: - ST Jinglan with 6 consecutive gains [3] - Deep Technology (-10.00% to 29.24 yuan) due to a downturn in the storage chip sector and significant prior gains [14] - Kaipu Cloud (-20.00% to 195.84 yuan) with a projected net loss for 2025 [17] Institutional Trading - The top three net purchases on the daily leaderboard were: - Zhongchao Holdings with a net purchase of 512 million yuan [5] - Baobian Electric with a net purchase of 436 million yuan [5] - Shuangjie Electric with a net purchase of 308 million yuan [5] - The top three net sales were: - Deep Technology with a net sale of 251 million yuan [6] - Kaipu Cloud with a net sale of 192 million yuan [6] - Tianlong Group with a net sale of 187 million yuan [6] Sector Insights - Zhongchao Holdings is involved in commercial aerospace and high-temperature alloys, with strong demand for transformers and data center orders extending to 2027 [9] - Deep Technology's recent performance has been impacted by stricter customer audits from major storage manufacturers [14] - Kaipu Cloud's projected losses indicate a significant decline in profitability, with expectations of a 139% to 158% decrease in net profit [17]

Market Overview - The chemical raw materials sector experienced a significant decline of 7.5% on February 2, with Satellite Chemical leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] Stock Performance - Satellite Chemical (002648) closed at 21.92, down 10.02% with a trading volume of 1.3955 million shares and a turnover of 3.147 billion yuan [1] - Hydrogen Alkali Chemical (600618) and Zhongtai Chemical (002092) both saw declines of 10.00% and 9.99% respectively, with trading volumes of 442,100 and 1.1856 million shares [1] - Other notable declines included Zhongyida (600610) at -9.98%, Luxi Chemical (000830) at -9.97%, and Shandong Haihua (000822) at -9.97% [1] Capital Flow - The chemical raw materials sector saw a net outflow of 2.658 billion yuan from main funds, while retail investors contributed a net inflow of 2.512 billion yuan [1] - The table of capital flow indicates that major funds had a negative net inflow in several companies, including Su Yan Jing Shen (603299) and Hua Er Tai (001217) [2] - Retail investors showed a mixed response, with some companies like Jinpu Titanium Industry (000545) experiencing a net inflow of 13 million yuan from retail investors [2]

Group 1 - Satellite Chemical experienced a limit down, with a trading volume of 3.147 billion yuan and a turnover rate of 4.15% [1] - The post-market dragon and tiger list indicates that the Shenzhen Stock Connect special seat bought 320 million yuan and sold 176 million yuan [1] - Three institutional special seats had a net purchase of 142 million yuan, while one institutional special seat had a net sale of 43.77 million yuan [1]

Core Viewpoint - Satellite Chemical (sz002648) experienced a limit down on February 2, 2026, with a price of 21.92 yuan, reflecting a decline of 9.73% and a total market capitalization of 74.077 billion yuan [1] Group 1: Financial Performance - The company's short-term performance is under pressure, with a net profit decrease of 49.02% year-on-year in 2022 and a 38.21% decline in net profit for Q3 2025, raising concerns among investors about its short-term profitability [2] - The stock price drop is attributed to significant selling pressure from investors due to the company's poor short-term earnings outlook [2] Group 2: Cost Pressures - Fluctuations in ethane prices are increasing cost pressures for Satellite Chemical, as raw material costs are influenced by energy prices, which may compress profit margins and negatively impact operational efficiency [2] Group 3: Governance Issues - There are governance issues reflected in the high dissent rates among minority shareholders, with over 50% opposition to certain proposals, such as a 54.44% dissent on procedural rules, which may undermine confidence in the company's strategic direction and decision-making [2] Group 4: Market Dynamics - Following a historical high on January 29, 2026, there may be profit-taking activities leading to the stock price correction, compounded by technical signals such as MACD crossovers and BOLL channel breaches prompting further selling [2]

Core Viewpoint - The chemical sector experienced a significant pullback on February 2, with the chemical ETF (516020) declining by 5.85% during trading, reflecting a broader downturn in the industry [1][7]. Market Performance - The chemical ETF (516020) opened lower and saw a decline of 5.85%, with a trading price of 0.917 as of the latest update [2][7]. - Key stocks in the sector, including Huafeng Chemical, Hongda Co., and Luxi Chemical, hit the daily limit down, while others like Satellite Chemical and Zhejiang Longsheng fell over 9% [1][7]. Supply Chain and External Factors - A cold wave in the U.S. Gulf Coast has led to the shutdown of several chemical plants, affecting over 30% of the chemical production capacity in Texas, which accounts for about one-third of the U.S. chemical output [3][10]. - The cold weather has increased natural gas prices, raising the costs of ethylene and polyethylene, while supply constraints are expected to strengthen the pricing outlook for chemical products [10]. Future Outlook - Analysts predict that the chemical industry will face low demand in 2025, but measures to counteract "involution" may help restore profitability by 2026, alongside growth in new materials driven by rapid downstream demand [10]. - The current low valuation of the industry presents potential opportunities for investors, particularly through the chemical ETF (516020), which tracks a specialized index covering various themes including AI and new energy [10]. Investment Strategy - Investors are encouraged to consider the chemical ETF (516020) for efficient exposure to the sector, as it tracks the CSI segmented chemical industry index and includes stocks related to trending themes [10].

Group 1 - The core viewpoint of the news is that Satellite Chemical has shown a stable financial performance with a slight increase in revenue and net profit, while also experiencing significant trading activity in its stock [1][2][3] Group 2 - As of January 30, Satellite Chemical's stock price increased by 0.45%, with a trading volume of 2.389 billion yuan and a net financing buy of -1.6496 million yuan [1] - The total financing and securities lending balance for Satellite Chemical reached 1.635 billion yuan, with a financing balance of 1.627 billion yuan, accounting for 1.98% of its market capitalization [1] - The company reported a revenue of 34.771 billion yuan for the first nine months of 2025, representing a year-on-year growth of 7.73%, and a net profit of 3.755 billion yuan, up 1.69% year-on-year [2] - Cumulatively, Satellite Chemical has distributed 5.733 billion yuan in dividends since its A-share listing, with 3.026 billion yuan distributed in the last three years [3] - As of September 30, 2025, the number of shareholders decreased by 4.05% to 89,400, while the average circulating shares per person increased by 4.22% to 37,663 shares [2][3]