永兴特种材料科技股份有限公司股票交易异常波动公告 永兴特种材料科技股份有限公司（以下简称"公司"）股票（证券简称：永兴材料，证券代码：002756） 连续三个交易日内（2025年10月29日、2025年10月30日、2025年10月31日）收盘价格涨幅偏离值累计超 过了20%，根据深圳证券交易所的有关规定，属于股票交易异常波动的情况。 二、公司关注并核实情况 针对公司股票交易异常波动，公司对有关事项进行了核查，并以书面函询方式向公司控股股东、实际控 制人就有关事项进行了核实，现将核查情况说明如下： 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002756 证券简称：永兴材料 公告编号：2025-047号 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、股票交易异常波动的情况介绍 本公司及董事会全体成员保证公告内容的真实、准确和完整，并对公告中的虚假记载、误导性陈述或重 大遗漏承担责任。 经公司董事会确认，除公司已披露的事项外，本公司目前没有任何根据《深圳证券交易所股票上市规 则》等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、 ...

永兴材料11月2日公告，公司股票连续三个交易日内收盘价格涨幅偏离值累计超过了20%，根据深圳证 券交易所的有关规定，属于股票交易异常波动的情况｡经核实，近期公司经营情况正常，内外部经营环 境未发生重大变化。公司、控股股东和实际控制人不存在关于本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。 ...

证券代码：002756 证券简称：永兴材料 公告编号：2025-047 号 永兴特种材料科技股份有限公司 股票交易异常波动公告 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。 2、公司未发现近期公共传媒报道了可能或已经对本公司股票交易价格产生较大 影响的未公开重大信息。 一、股票交易异常波动的情况介绍 3、近期公司经营情况正常，内外部经营环境未发生重大变化。 永兴特种材料科技股份有限公司（以下简称"公司"）股票（证券简称：永兴材 料，证券代码：002756）连续三个交易日内（2025 年 10 月 29 日、2025 年 10 月 30 日、2025 年 10 月 31 日）收盘价格涨幅偏离值累计超过了 20%，根据深圳证券交易所 的有关规定，属于股票交易异常波动的情况。 二、公司关注并核实情况 针对公司股票交易异常波动，公司对有关事项进行了核查，并以书面函询方式向 公司控股股东、实际控制人就有关事项进行了核实，现将核查情况说明如下： 1、经核查，公司前期披露的信息不存在需要更正、补充之处。 4、公司、控股股东和实际控制人不存在关于本公司的应披露而未披露的重大 ...

Investment Rating - The report maintains a "Buy" rating for Yongxing Materials [1] Core Views - The cost advantage of lithium carbonate is sustained, and there is potential for price elasticity in the future [1][8] - The company is expected to maintain a low cost level, with lithium prices projected to stabilize around 80,000 yuan/ton, which may release profit elasticity [8] - The report has adjusted profit forecasts for 2025-2027, estimating net profits of 700 million, 980 million, and 1.41 billion yuan respectively, reflecting a year-on-year decline of 32% in 2025, but growth of 39% and 44% in 2026 and 2027 [8] Financial Performance Summary - For Q3 2025, the company reported total revenue of 1.855 billion yuan, a year-on-year decrease of 35.4%, with a gross margin of 16.6% [8] - The average price of lithium carbonate in Q3 2025 was 71,000 yuan/ton, with a stable all-in cost estimated at 48,000 yuan/ton [8] - The company’s operating cash flow for the first three quarters of 2025 was 460 million yuan, a year-on-year increase of 20.1% [8] Revenue and Profit Forecasts - The total revenue forecast for 2023 is 12.189 billion yuan, with a projected decline of 21.76% [1] - The net profit attributable to shareholders is forecasted to be 3.407 billion yuan for 2023, reflecting a year-on-year decrease of 46.09% [1] - The report anticipates a gradual recovery in downstream demand for special steel, with expected contributions of nearly 350 million yuan in profit for the full year 2025 [8]

新京报贝壳财经讯11月1日，永兴材料（002756）在互动平台回复投资者称，公司特钢新材料业务主营 产品为不锈钢棒线材及特殊合金材料，特钢产品经下游客户深加工后，可应用于核电领域。公司将持续 关注产品需求变化，优化产品结构，提高新领域新产品市场占比。 ...

Core Viewpoint - The company, Yongxing Materials, is focusing on its special steel new materials business, particularly stainless steel bar and wire materials, which can be applied in the nuclear power sector after further processing by downstream customers [1] Group 1: Business Focus - The main products of the special steel new materials business are stainless steel bar and wire materials, as well as special alloy materials [1] - The company aims to continuously monitor changes in product demand and optimize its product structure [1] Group 2: Market Strategy - Yongxing Materials plans to increase the market share of new products in emerging fields [1]

Core Insights - The article highlights the performance of stocks with significant trading volumes and consecutive price increases, indicating strong market interest and potential investment opportunities in specific sectors [1][2]. Group 1: Stock Performance - The top stock by trading volume on the limit-up board is Hezhan Energy, with a total of 523,000 hands [1]. - ST Zhongdi achieved a remarkable 10 consecutive limit-ups, while other stocks like Shikong Technology and Yashichuangneng recorded 6 and 5 consecutive limit-ups, respectively [1]. - A total of 20 stocks had limit-up orders exceeding 10 million yuan, with Shikong Technology, Ruierte, and others exceeding 20 million yuan [2]. Group 2: Company Developments - Shikong Technology plans to acquire 100% of Shenzhen Jiahe Jingwei Electronic Technology Co., Ltd., which specializes in storage products, marking a significant expansion into a new industry [2]. - The company reported a third-quarter revenue of 71.01 million yuan, a year-on-year increase of 66.04%, but incurred a net loss of 49.02 million yuan [2]. - Hezhan Energy's trading volume reached 523,000 hands, with a focus on wind power and energy storage, despite reporting a year-on-year loss reduction in its third-quarter results [3]. Group 3: Sector Highlights - The lithium mining sector saw multiple stocks hitting the limit-up, including Xizang City Investment and Yongxing Materials, driven by strong lithium resource development and production plans [5]. - The battery recycling sector is gaining traction, with companies like Fulongma and Yuanda Environmental Protection actively engaging in lithium battery recycling and related services [6][7]. - Quantum computing is also highlighted, with companies like Geer Software and Shenzhou Information making strides in quantum technology and applications [7]. Group 4: Institutional Investment - Five stocks saw net purchases exceeding 100 million yuan, with Jiangte Electric leading at 277 million yuan, followed by other notable companies [8].

Core Insights - On October 31, a total of 41 stocks appeared on the trading leaderboard, with 23 showing net institutional buying and 18 showing net institutional selling [1] Group 1: Institutional Buying - The top three stocks with the highest net institutional buying were Zejing Pharmaceutical, Shutai Shen, and Yongxing Materials, with net buying amounts of 207 million, 198 million, and 125 million respectively [1][2] - Other notable stocks with significant net institutional buying included Nuo Si Ge (105 million), Yi Fang Bio (87 million), and Tian Ji Co. (86 million) [2] Group 2: Institutional Selling - The top three stocks with the highest net institutional selling were Shikong Technology, Chuling Information, and Shangtai Technology, with net selling amounts of 122 million, 103 million, and 101 million respectively [1][3] - Additional stocks with notable net institutional selling included Zhong Tung Gao Xin (622 million), Ying Xin Development (424 million), and Si Wei Lie Control (298 million) [3][4]

Investment Rating - The report maintains a rating of "Accumulate" for the company [5][7]. Core Views - The company's Q3 revenue reached 1.853 billion RMB, a year-on-year increase of 6.61% but a quarter-on-quarter decrease of 2.70%. The net profit attributable to shareholders was 131 million RMB, down 35.40% year-on-year and 37.55% quarter-on-quarter [1][2]. - The increase in lithium prices has led to an improvement in the company's gross margin, which was 16.55% in Q3, a quarter-on-quarter increase of 1.78% despite a year-on-year decrease of 0.20 percentage points [2][3]. - The report highlights the expected upward trend in lithium prices due to supply constraints and increasing demand from the energy storage sector, which is anticipated to support the company's performance recovery [3][4]. Summary by Sections Financial Performance - For the first three quarters of 2025, the company achieved a total revenue of 5.547 billion RMB, down 10.98% year-on-year, with a net profit of 532 million RMB, a decrease of 45.25% year-on-year [1][5]. - The company’s total expenses in Q3 were 6.58%, an increase of 2.16 percentage points year-on-year and 1.52 percentage points quarter-on-quarter, with notable increases in sales, management, and R&D expenses [2][4]. Market Outlook - The report anticipates that the lithium market will experience a strong supply-demand dynamic in 2026, driven by robust energy storage demand, which is expected to support lithium price stability and potentially enhance the company's earnings [3][4]. - The company is also focusing on expanding its lithium production capacity and improving its product structure, which is expected to contribute positively to its financial performance in the upcoming quarters [4][5]. Earnings Forecast and Valuation - The earnings per share (EPS) estimates for 2025, 2026, and 2027 are projected to be 1.72 RMB, 2.41 RMB, and 3.12 RMB respectively. The target price for the company is set at 50.79 RMB, reflecting an increase from the previous target of 38.39 RMB [5][7]. - The report uses a comparative valuation method, suggesting a price-to-earnings (PE) ratio of 12.5 for the steel segment and 28.7 for the lithium materials segment in 2026 [5][12].

Group 1 - The A-share market experienced fluctuations on October 30, 2025, with the lithium mining sector showing significant gains, particularly in the afternoon session [1] - The CSI Rare Metals Theme Index (930632) rose by 2.25%, with notable increases in constituent stocks such as Tianhua New Energy (300390) up 14.69%, and Yongxing Materials (002756) and Jiangte Motor (002176) hitting the 10% daily limit [1] - The Rare Metals ETF (561800) closed up 2.46%, and over the past week, it has accumulated a rise of 9.24% [1] Group 2 - Lithium carbonate prices have shown a significant increase week-on-week, driven by strong demand from downstream lithium salt manufacturers and a limited supply of available inventory [2] - The price of lithium cobalt has risen above 370,000 yuan/ton, influenced by the rising costs of cobalt chloride and lithium cobalt oxide, alongside robust demand from the consumer electronics sector [2] - Tianqi Lithium reported a net profit of 95.49 million yuan for Q3 2025, marking a year-on-year increase of 119.26%, with a total net profit of approximately 180 million yuan for the first three quarters, up 103.16% year-on-year [2] Group 3 - As of September 30, 2025, the top ten weighted stocks in the CSI Rare Metals Theme Index accounted for 59.91% of the index, with Northern Rare Earth (600111) and Luoyang Molybdenum (603993) being the top two [3] - The top ten stocks include companies like Huayou Cobalt (603799) and Ganfeng Lithium (002460), indicating a strong concentration in the rare metals sector [3][5]