近日，公司从永兴新能源处获悉，锂云母绿色智能高效提锂综合技改项目已完成 设备安装调试、投料测试等工作，生产能力及相关关键指标已达到项目设计要求，实 现全面达产。 锂云母绿色智能高效提锂综合技改项目致力打造高端、智能、清洁、低耗、安全、 低成本的云母提锂标杆产线，该项目达产后，将在目前生产经营正常稳定的基础上， 进一步提高冶炼环节产量，加强采矿、选矿、冶炼各制造环节的匹配度，降低生产成 本，提升高效智能制造能力和绿色低碳水平，增强公司盈利能力及核心竞争力。 受经济运行周期、相关行业政策及市场供求变化等因素影响，碳酸锂产品未来市 场价格、需求量等可能存在不确定性风险。敬请广大投资者谨慎决策，注意投资风险。 特此公告。 永兴特种材料科技股份有限公司董事会 2026 年 1 月 21 日 证券代码：002756 证券简称：永兴材料 公告编号：2026-001 号 永兴特种材料科技股份有限公司 关于锂云母绿色智能高效提锂综合技改项目达产的公告 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。 永兴特种材料科技股份有限公司（以下简称"公司"）于 2024 年 6 月 21 ...

永兴材料公告，近日，公司从永兴新能源处获悉，锂云母绿色智能高效提锂综合技改项目已完成设备安 装调试、投料测试等工作，生产能力及相关关键指标已达到项目设计要求，实现全面达产。 ...

Investment Rating - The report maintains an "Overweight" rating for the steel industry [5]. Core Insights - Demand is expected to gradually stabilize, while supply-side constraints are anticipated to continue, leading to a potential recovery in the steel industry's fundamentals [3][4]. - The report highlights that despite a long period of micro-profitability in the industry, market-driven supply adjustments have begun, and if supply policies are implemented, the pace of supply contraction may accelerate [3][4]. Summary by Sections Steel Market Overview - The apparent consumption of the five major steel products was 8.2612 million tons, a decrease of 1.77% week-on-week but an increase of 4.33% year-on-year [6]. - The total steel inventory was 12.47 million tons, down 0.55% week-on-week, maintaining a low level [6]. - The average profit margin for rebar was 199.4 CNY/ton, down 15.2 CNY/ton from the previous week [6]. Production and Capacity Utilization - The production of five major steel products was 8.192 million tons, a slight increase of 0.08% week-on-week [6]. - The operating rate of blast furnaces in 247 steel mills was 78.84%, down 0.47 percentage points from the previous week [6][29]. - The capacity utilization rate for these mills was 85.48%, down 0.56 percentage points week-on-week [6][29]. Raw Material Prices - Iron ore spot prices remained unchanged, while futures prices decreased by 0.31% to 812 CNY/ton [48]. - The port inventory of iron ore rose to 165.55 million tons, an increase of 1.72% [52]. - The total shipment volume from major iron ore producers decreased, with Brazil's shipments down 7.37% and Australia's down 2.29% [53][61]. Recommendations - The report recommends focusing on companies with leading technology and product structures, such as Baosteel and Hesteel, as well as those with competitive advantages like CITIC Special Steel and Yongjin Materials [6].

Investment Rating - The report maintains an "Overweight" rating for the steel industry [6]. Core Insights - Demand is expected to gradually stabilize, while supply-side constraints are anticipated to continue, leading to a potential recovery in the steel industry's fundamentals [3][4]. - The report highlights that despite a long period of micro-profitability in the industry, market-driven supply adjustments have begun, which could accelerate the industry's upward progress if supply policies are implemented [3][4]. Summary by Sections Steel Market Overview - The apparent consumption of five major steel products was 8.2612 million tons, a decrease of 1.77% week-on-week but an increase of 4.33% year-on-year [6][20]. - Total steel inventory was 12.47 million tons, down 0.55% week-on-week, maintaining a low level [6][12]. - The average profit margin for rebar was 199.4 CNY/ton, down 15.2 CNY/ton from the previous week [6][41]. Production and Capacity Utilization - The operating rate of blast furnaces in 247 steel mills was 78.84%, a decrease of 0.47 percentage points from the previous week [6][29]. - The capacity utilization rate for these mills was 85.48%, down 0.56 percentage points week-on-week [6][29]. - The total steel production was 8.1921 million tons, a slight increase of 0.08% week-on-week [6][40]. Raw Materials - Iron ore inventory at ports reached 165.55 million tons, an increase of 1.72% week-on-week, marking a historical high [6][52]. - The spot price of iron ore remained unchanged, while futures prices decreased slightly [6][48]. - The total shipment volume of the four major iron ore producers decreased, with Brazil's shipments down 7.37% and Australia's down 2.29% [6][53][61]. Investment Recommendations - The report recommends focusing on companies with leading technology and product structures, such as Baosteel and Hualing Steel, as well as low-cost firms like Fangda Special Steel and New Steel [6]. - It also highlights the potential of upstream resource companies like Hebei Resources and Erdos, which may benefit from a recovery in demand [6].

| 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 | 成交金额 买方营业部 (万元) | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | | | | | | (万股/万份) | | | | 2026-01-19 | 002756 | 永兴材料 | 50.69 | 70.00 | 3,548.30信建投证券股份 | 广发证券股份有限 | | | | | | | 有限公司北京东城 | 公司湖州高富路证 | | | | | | | 分公司 | 券营业部 | 1月19日，永兴材料大宗交易成交70万股，成交额3548.3万元，占当日总成交额的4.45%，成交价50.69元，较市场收盘价 51.99元折价2.5%。 ...

Core Viewpoint - Recent fluctuations in lithium carbonate prices have led to rumors regarding the suspension of lithium mining operations at Yongxing Materials due to environmental issues, which the company has denied, stating that operations are normal and compliant with environmental standards [1]. Group 1: Company Operations - Yongxing Materials has confirmed that it operates as a green mine and adheres to the highest environmental standards, with no production stoppages reported in the last two to three years [1]. - The company was established in 2000 and is recognized as a national high-tech enterprise, focusing on lithium battery production from its integrated lithium mica mining operations in Yichun, Jiangxi [1]. Group 2: Financial Performance - For the third quarter of 2025, Yongxing Materials reported revenue of 5.547 billion yuan, reflecting a year-on-year decline of 10.98% [2]. - The net profit attributable to shareholders for the same period was 532 million yuan, down 45.25% year-on-year [2]. Group 3: Market Performance - As of January 19, 2023, Yongxing Materials' stock price was 51.88 yuan per share, with a slight increase of 0.64%, and a total market capitalization of 28 billion yuan [3][4].

Core Viewpoint - Recent fluctuations in lithium carbonate prices have led to rumors regarding the suspension of lithium mining operations at Yongxing Materials due to environmental issues, which the company has denied, stating that operations are normal and compliant with environmental standards [1] Company Response - Yongxing Materials confirmed that it operates as a green mine and adheres to the highest environmental standards [1] - The company stated that there have been no production stoppages in its mining operations over the past two to three years [1]

Investment Rating - The report maintains a "Buy" rating for all key companies listed, including Zijin Mining, Luoyang Molybdenum, and Huayou Cobalt, among others [3]. Core Insights - The report highlights that geopolitical tensions are driving up precious metal prices, with gold and silver showing significant increases due to heightened risk aversion [1][9]. - Industrial metal prices are experiencing mixed trends, with aluminum and copper facing downward pressure while zinc and nickel show some resilience [9][15]. - The report emphasizes the importance of domestic policies aimed at boosting demand, which are expected to support industrial metal prices in the near term [9][26]. Industry Performance - The SW Nonferrous Index increased by 3.94% during the week, while the Shanghai Composite Index and CSI 300 Index saw declines of 0.45% and 0.57%, respectively [9]. - Precious metals such as gold and silver have seen price increases of 1.83% and 12.73%, respectively, reflecting strong market demand [9][15]. Industrial Metals - Aluminum prices decreased by 0.65% to $3,129 per ton, while copper prices fell by 1.21% to $12,808.5 per ton [15]. - Zinc prices increased by 1.86% to $3,207.5 per ton, and nickel prices rose by 0.52% to $17,792 per ton [15]. - The report notes that domestic aluminum production is increasing, but demand remains weak, leading to a slight rise in inventory levels [26][28]. Precious Metals - Gold prices are projected to continue rising due to central bank purchases and a weakening dollar, with current prices around 1,034.77 CNY per gram [9][72]. - Silver prices have surged, with a notable increase in demand driven by geopolitical uncertainties [9][72]. Energy Metals - Cobalt prices are expected to rise as supply chain issues persist, with current market dynamics favoring a bullish outlook [9][88]. - Lithium prices have also seen significant increases, reflecting strong demand in the energy sector [9][88].

Core Viewpoint - Yongxing Materials has experienced a decline in stock price and financial performance, with significant decreases in revenue and net profit year-on-year, indicating potential challenges in the market [1][2]. Financial Performance - As of September 30, 2025, Yongxing Materials reported a revenue of 5.547 billion yuan, a year-on-year decrease of 10.98% [2]. - The net profit attributable to shareholders was 532 million yuan, reflecting a significant year-on-year decline of 45.25% [2]. - Cumulative cash dividends since the A-share listing amount to 5.662 billion yuan, with 4.362 billion yuan distributed over the past three years [3]. Stock Market Activity - On January 16, Yongxing Materials' stock price fell by 2.00%, trading at 52.43 yuan per share, with a total market capitalization of 28.265 billion yuan [1]. - The stock has decreased by 3.35% year-to-date, with a 2.60% decline over the past five trading days, but has increased by 8.84% over the last 20 days and 38.81% over the last 60 days [1]. - The net outflow of main funds was 19.81 million yuan, with significant selling pressure observed [1]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased to 52,500, a reduction of 2.28% [2]. - The average number of circulating shares per shareholder increased by 2.33% to 7,401 shares [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 31.3495 million shares, an increase of 25.9464 million shares from the previous period [3].

A股市场 锂矿股回调，其中， 国城矿业跌近9%， 中矿资源跌超7%， 盛新锂能跌6%， 永兴材料跌超 5%， 大中矿业、 融捷股份、 天齐锂业跌超4%。 ...