证券代码：002756 证券简称：永兴材料 公告编号：2026-004 号 永兴特种材料科技股份有限公司 关于使用闲置自有资金进行现金管理的公告 2、投资额度 公司及控股子公司拟使用额度不超过人民币 50 亿元的自有资金进行现金管理。投 资期限为自董事会审议通过之日起12 个月（前次审批额度自本次审批额度生效时终止）， 在上述额度及期限内，资金可以滚动使用。 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。 重要内容提示： 1、投资品种：安全性高、流动性强、风险可控、产品风险等级不大于 R2 级的理 财产品，包括但不限于保本理财、结构性存款等。 2、投资额度：使用额度不超过人民币 50 亿元的自有资金进行现金管理。在审议 额度及期限内，资金可以滚动使用。 3、特别风险提示：尽管公司及控股子公司购买的是安全性高、流动性强、风险较 低的理财产品，但金融市场受宏观经济的影响较大，公司将根据经济形势以及金融市 场的变化适时适量地介入，但不排除该项投资受到市场波动的影响，导致投资收益未 达预期的风险。 一、进行现金管理概述 1、投资目的 为提高资金使用效率和收益水平，增强 ...

证券代码：002756 证券简称：永兴材料 公告编号：2026-007 号 永兴特种材料科技股份有限公司 关于开展期货及衍生品套期保值业务的公告 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。 重要内容提示： 1、交易目的、交易品种、交易工具、交易场所和交易金额：鉴于永兴特种材料科 技股份有限公司（以下简称"公司"）全资子公司江西永兴特钢新能源科技有限公司 的主要产品碳酸锂的价格受市场价格波动影响明显，为降低产品价格波动给公司带来 的经营风险，保持公司经营业绩持续、稳定，公司拟开展期货及衍生品套期保值业务， 以有效降低市场价格波动风险，保障主营业务稳步发展。本次开展的期货及衍生品套 期保值业务，交易品种仅限与公司生产经营有直接关系的碳酸锂，交易工具包括但不 限于期货、期权及相关场外衍生品合约。公司拟在合规并满足公司期货及衍生品套期 保值业务条件的场内外市场交易，保证金和权利金金额合计不超过人民币 30,000 万元 （不含标的实物交割款项），任一交易日持有的最高合约价值不超过人民币 30,000 万 元。上述额度在有效期限内可循环滚动使用。 2、已履行的审议程 ...

的可行性分析报告 一、开展远期结售汇的情况概述 1、开展远期结售汇的目的 永兴特种材料科技股份有限公司 关于开展以套期保值为目的的远期结售汇业务 公司及控股子公司外贸业务主要采用美元和欧元进行结算，当汇率出现持续 波动时，不仅会影响公司外贸业务的正常进行，且汇兑损益对公司经营业绩也会 产生影响。为降低汇率波动对公司业绩的影响，更好地防范外汇汇率波动风险， 增强公司财务稳健性，公司及控股子公司拟开展以套期保值为目的的远期结汇、 售汇业务，以加强外汇风险管理。 2、交易金额 公司及控股子公司预计开展远期结售汇业务的交易总规模为累计金额不超 过 5,000 万美元（或等值外币）。 3、交易方式及品种 公司及控股子公司通过与银行签订远期结售汇合同，约定将来办理结汇或售 汇的外汇币种、金额、汇率和期限，在合同约定期限内按照该远期结售汇合同约 定的币种、金额、汇率办理结汇或售汇的业务。公司及控股子公司开展远期结售 汇业务的品种为外贸业务所使用的美元和欧元等。 4、交易期限及具体实施 公司及控股子公司将根据外贸业务需求及汇率变动趋势择机开展，自公司董 事会审议通过之日起十二个月内有效。公司董事会授权经营管理层负责远期结售 ...

一、关于使用闲置自有资金进行现金管理的议案 表决结果：同意：9 票；反对：0 票；弃权：0 票 董事会同意公司及控股子公司在不影响公司正常生产经营的前提下，使用额度不 超过人民币 50 亿元的自有资金进行现金管理。期限为自董事会审议通过之日起 12 个 月（前次审批额度自本次审批额度生效时终止）。在上述额度内，资金可以滚动使用。 董事会授权公司管理层负责本次使用闲置自有资金进行现金管理的具体实施。 《关于使用闲置自有资金进行现金管理的公告》与本决议公告同日刊登于《证券 时报》《上海证券报》和巨潮资讯网（http://www.cninfo.com.cn），供投资者查阅。 证券代码：002756 证券简称：永兴材料 公告编号：2026-003 号 永兴特种材料科技股份有限公司 第七届董事会第二次临时会议决议公告 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。 永兴特种材料科技股份有限公司（以下简称"公司"）于 2026 年 3 月 11 日以书 面送达及电子邮件等方式向公司全体董事、高级管理人员发出了召开公司第七届董事 会第二次临时会议的通知。会议于 2026 年 ...

Investment Rating - The report maintains an "Overweight" rating for the steel industry [4]. Core Insights - Demand is expected to gradually stabilize, and supply-side adjustments are anticipated to continue, leading to a potential recovery in the steel industry's fundamentals [2]. - The report highlights that approximately 60% of steel companies are currently operating at a loss, indicating a market-driven supply clearance is beginning to occur [4]. - The report emphasizes the importance of balancing supply and demand, optimizing product structure, and the necessity for structural reforms in the steel industry during the "14th Five-Year Plan" period [4]. Summary by Sections Demand and Supply - Demand is projected to stabilize, with a decrease in the real estate sector's contribution to steel demand becoming less impactful. Growth in steel demand from infrastructure and manufacturing is expected to be steady [4]. - The total social inventory of major steel products reached 14.23 million tons, an increase of 200,000 tons week-on-week. Steel mill inventories also rose to 5.52 million tons, up by 30,000 tons [9][29]. Profitability - The report notes a rebound in production profits for rebar and hot-rolled steel, with average gross margins for hot-rolled steel increasing by 2 CNY/ton to 46 CNY/ton, and for rebar, the average gross margin rose by 34 CNY/ton to 182 CNY/ton [33][39]. Price Trends - Steel prices have shown a week-on-week increase, with Shanghai rebar prices rising by 60 CNY/ton to 3,260 CNY/ton, and hot-rolled coil prices increasing by 60 CNY/ton to 3,310 CNY/ton [7][39]. - International steel prices have decreased, with U.S. rebar prices dropping by 19 USD/ton to 1,026 USD/ton, and European prices falling by 58 USD/ton to 715 USD/ton [36]. Raw Material Prices - Iron ore spot prices have rebounded, with the price at Rizhao Port increasing by 20 CNY/ton to 799 CNY/ton, while futures prices rose by 21.5 CNY/ton to 772 CNY/ton [39][46]. - The report indicates an increase in iron ore port inventories, which rose by 700,000 tons to 17.182 million tons [46]. Recommendations - The report recommends focusing on leading companies with technological and product structure advantages, such as Baosteel, Hualing Steel, and Shougang, as well as low-cost and flexible steel companies like Fangda Special Steel and New Steel [4].

Investment Rating - The report maintains a "Buy" rating for all key companies listed, including Zijin Mining, Luoyang Molybdenum, and Huayou Cobalt [3]. Core Insights - The ongoing geopolitical tensions in the Middle East, particularly the US-Iran conflict, are exerting downward pressure on metal prices due to inflationary concerns and a shift towards stagflation trading [1][9]. - The report highlights a strong expectation for aluminum prices to remain robust due to supply tightening from geopolitical risks, despite a cautious demand outlook [9]. - The copper market is experiencing fluctuations due to macroeconomic uncertainties and geopolitical tensions, with expectations for prices to remain within a defined range [9][44]. - The report emphasizes the importance of monitoring the recovery of downstream demand and the impact of geopolitical events on supply chains across various metals [9][66]. Summary by Sections 1. Industry and Stock Performance - The report provides a detailed analysis of stock performance for key companies in the non-ferrous metals sector, indicating a general upward trend in stock prices despite recent market volatility [12]. 2. Base Metals - **Aluminum**: Prices are expected to remain high due to geopolitical tensions affecting supply, with LME prices projected to range between $3,400 and $3,600 per ton [25][26]. - **Copper**: The market is characterized by short-term fluctuations influenced by geopolitical events and macroeconomic indicators, with prices expected to oscillate between $12,800 and $13,200 per ton [44][45]. - **Zinc**: Prices are under pressure due to increasing domestic inventories and geopolitical uncertainties, with LME prices recorded at $3,293.5 per ton [52][53]. 3. Precious and Minor Metals - **Gold**: The report maintains a bullish outlook on gold prices in the medium to long term, driven by central bank purchases and weakening US dollar credit [9]. - **Silver**: Industrial demand for silver may face challenges due to the impact of lower photovoltaic material costs, which could suppress prices [9]. - **Nickel**: Prices are expected to fluctuate due to supply constraints from Indonesia and geopolitical risks, with a projected range of 135,000 to 145,000 yuan per ton [66]. 4. Rare Earths - The report does not provide specific insights on rare earths in this section, focusing instead on the broader trends in base and precious metals [9].

Summary of China Basic Materials Monitor - March 2026 Industry Overview - The report focuses on the **China Basic Materials** industry, highlighting changes post-Chinese New Year (CNY) amid elevated commodity prices and geopolitical tensions in the Middle East [1] Key Points Demand Trends - **Mixed Demand Post-CNY**: Demand is strong for energy-related items such as power grid cables, ESS batteries, and export solar modules, but weaker than expected in construction, appliances, automotive, and traditional hardware [1] - **Demand Destruction**: Elevated metal prices have led to a **15-20% demand destruction** pre-CNY, although this has been accepted by the end market for now [1] - **Export Orders Impact**: Producers expect a **5-15% impact on export orders** from the Middle East, particularly in steel, electric vehicles (EV), and energy storage systems (ESS) [1] - **High Energy Prices**: The outlook for high energy prices has made copper traders cautious, leading to increased prices for seaborne and domestic coal [1] Supply Dynamics - **Cement Production Cuts**: Top cement producers are closing **5-15% of their capacity** due to depressed demand [1] - **Carbon Trading Impact**: The inclusion of steel in the national carbon trading platform imposes limited discipline on steel production in 2026 [1] Demand Metrics - **High-Frequency Data**: In the first week of March, Chinese demand was reported to be **50-60% lower year-on-year (YoY)** for cement and construction steel, and **2-8% lower YoY** for aluminum, copper, and flat steel [1] - **Margin and Pricing Trends**: Margins/pricing for coal, aluminum, and lithium improved, while steel and cement prices softened, with copper prices remaining stable [1] Producer Feedback - **Order Book Trends**: A proprietary survey indicated that **95% of respondents** reported a month-on-month (MoM) pickup in March for downstream sectors, and **86% for commodities** [2] Additional Insights - **Cautious Outlook**: The overall cautious sentiment in the market is reflected in the mixed demand and the adjustments in production capacities across various sectors [1][2] Conclusion - The China Basic Materials industry is currently navigating a complex landscape characterized by mixed demand, elevated prices, and strategic adjustments in production. The ongoing geopolitical tensions and energy price fluctuations are critical factors influencing market dynamics.

证券代码：002756 证券简称：永兴材料 公告编号：2026-002 号 1、股东减持股份情况 注：减持比例计算中总股本为剔除公司回购专用证券账户股份后总股本，下同。 邹伟民先生本次通过集中竞价减持的股份，股份来源为员工持股计划、限制性股 票激励计划，减持的价格区间为 54.20 元/股-69.17 元/股。 高亦斌先生本次通过集中竞价减持的股份，股份来源为员工持股计划、限制性股 票激励计划，减持的价格区间为 54.10 元/股-69.72 元/股。 永兴特种材料科技股份有限公司 关于董事、高级管理人员股份减持计划实施完毕的公告 公司董事邹伟民先生、高级管理人员高亦斌先生保证向本公司提供 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。 永兴特种材料科技股份有限公司（以下简称"公司"）于 2025 年 12 月 4 日在巨 潮资讯网（www.cninfo.com.cn）披露了《关于董事、高级管理人员减持股份的预披 露公告》（公告编号：2025-049 号），公司董事邹伟民先生、高级管理人员高亦斌先 生计划在前述公告披露之日 ...

Investment Rating - The industry rating is "Recommended" [3] Core Insights - The report highlights that tungsten prices continue to reach historical highs, with expectations for a strong overall market for key metals [1][23] - Nickel prices are supported by tightening supply expectations due to Indonesia's reduced production quotas for 2026, which are set between 260 million to 270 million tons, significantly lower than the previous year's quota of 42 million wet tons [1][29] - Cobalt supply is expected to tighten further due to slow export progress from the Democratic Republic of Congo, with a forecasted increase in cobalt prices [2][5] - Antimony prices are anticipated to remain strong due to supply constraints, with a significant drop in production reported [6][18] - Lithium supply disruptions are expected to continue, with potential for lithium prices to reach new highs amid increasing demand [8][19] - The rare earth sector is facing supply shortages, particularly for praseodymium and neodymium, which may support prices [9][20] - Tin prices are supported by ongoing supply concerns from Myanmar and the Democratic Republic of Congo, with a notable decrease in tin imports [11][21] - Uranium supply is expected to remain tight, supporting high prices due to geopolitical factors and production delays [14][24] Summary by Sections Nickel and Cobalt Industry Insights - Indonesia's nickel production quota for 2026 is set to significantly reduce, impacting supply and supporting prices [1][29] - Cobalt exports from the Democratic Republic of Congo are hindered by complex local processes and logistical challenges, leading to tighter supply [2][5] Antimony Industry Insights - Antimony production has seen a sharp decline, which is expected to support prices in the near term [6][18] Lithium Industry Insights - Lithium prices are under pressure due to supply disruptions, but demand remains strong, potentially leading to price increases [8][19] Rare Earth Industry Insights - Supply shortages for praseodymium and neodymium are anticipated, which may bolster prices in the market [9][20] Tin Industry Insights - Ongoing supply issues from Myanmar and the Democratic Republic of Congo are expected to support tin prices [11][21] Uranium Industry Insights - The uranium market is facing supply constraints, which are likely to keep prices elevated due to geopolitical tensions and production delays [14][24]

Investment Rating - The report maintains a "Buy" rating for all key companies listed, including Zijin Mining, Luoyang Molybdenum, and Huayou Cobalt [2][4]. Core Views - The ongoing geopolitical tensions in the Middle East are impacting global commodity markets, particularly in the non-ferrous metals sector, leading to increased prices for key resources [8][28]. - The report highlights a strong expectation for aluminum prices to rise due to supply constraints caused by geopolitical risks, particularly in the Middle East [28]. - Demand recovery is noted in the aluminum sector as downstream industries resume operations post-holiday, with significant increases in aluminum water ratios [28]. - The lithium and cobalt markets are experiencing upward price pressures due to supply concerns from Zimbabwe and the Democratic Republic of Congo, respectively [28]. - Precious metals are expected to benefit from heightened risk aversion due to geopolitical tensions, with a bullish outlook on gold prices in the medium to long term [28]. Summary by Sections Industry and Stock Performance - The report provides a detailed performance analysis of key stocks in the non-ferrous metals sector, indicating a general upward trend in stock prices despite recent market volatility [11][13]. Base Metals - Aluminum prices have increased by 9.22% week-on-week, with expectations for continued strength due to supply disruptions from geopolitical tensions [15][28]. - Copper prices have shown volatility, with a recent decline attributed to rising geopolitical risks and a strong dollar, impacting market sentiment [48][49]. - Zinc prices have fluctuated due to supply and demand dynamics, with recent increases in domestic inventories affecting price stability [60][61]. Precious Metals and Minor Metals - Gold prices have risen by 3.71% recently, driven by increased demand for safe-haven assets amid geopolitical uncertainties [16][28]. - The report notes that silver prices have also increased significantly, reflecting strong industrial demand and investment interest [16][28]. - Cobalt and nickel markets are under pressure from supply constraints and geopolitical factors, with expectations for price increases in the near term [28][73]. Rare Earths - The report does not provide specific insights into rare earths in this section, focusing instead on the broader non-ferrous metals market dynamics [28].