证券研究报告 | 2026年02月27日 热点追踪周报 由创新高个股看市场投资热点（第 232 期） 乘势而起：市场新高趋势追踪：截至 2026 年 2 月 27 日，上证指数、深证 成指、沪深 300、中证 500、中证 1000、中证 2000、创业板指、科创 50 指数 250 日新高距离分别为 0.06%、0.06%、1.67%、0.00%、0.00%、0.00%、 2.30%、4.37%。中信一级行业指数中机械、电力及公用事业、钢铁、基 础化工、建筑行业指数距离 250 日新高较近，食品饮料、银行、医药、 非银行金融、综合金融行业指数距离 250 日新高较远。概念指数中，储 能、万得全 A 等权、金属非金属、万得全 A、钢铁、电子设备和仪器、 光伏等概念指数距离 250 日新高较近。 见微知著：利用创新高个股进行市场监测：截至 2026 年 2 月 27 日，共 1370 只股票在过去 20 个交易日间创出 250 日新高。其中创新高个股数量最多的 是机械、基础化工、电子行业，创新高个股数量占比最高的是有色金属、石 油石化、钢铁行业。按照板块分布来看，本周制造、周期板块创新高股票数 量最多；按照指数 ...

山东国瓷功能材料股份有限公司 证券代码：300285 证券简称：国瓷材料 公告编号：2026-015 关于 2026 年限制性股票激励计划内幕信息知情人买卖公司股票情况的自 查报告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 山东国瓷功能材料股份有限公司（以下简称"公司"）于 2026 年 2 月 8 日召开第六 届董事会第七次会议审议通过了《关于公司<2026 年限制性股票激励计划（草案）> 及其摘要的议案》等议案，具体内容详见公司于 2026 年 2 月 9 日在巨潮资讯网 （www.cninfo.com.cn）披露的相关公告。 按照《上市公司股权激励管理办法》《深圳证券交易所创业板上市公司自律监管 指南第 1 号——业务办理》《深圳证券交易所创业板股票上市规则》等有关法律、法 规及规范性文件的相关规定，公司针对 2026 年限制性股票激励计划（以下简称"本激 励计划"）采取了充分必要的保密措施，同时对本激励计划的内幕信息知情人进行了 登记管理。根据相关法律法规的规定，公司通过向中国证券登记结算有限责任公司深 圳分公司（以下简称"中国结算深圳分公司"）查询， ...

证券代码：300285 证券简称：国瓷材料 公告编号：2026-016 山东国瓷功能材料股份有限公司董事会薪酬与考核委员会 | 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记 | | --- | | 载、误导性陈述或重大遗漏。 | 山东国瓷功能材料股份有限公司（以下简称"公司"）于 2026 年 2 月 8 日召开第六 届董事会第七次会议审议通过了《关于公司<2026 年限制性股票激励计划（草案）> 及其摘要的议案》等议案，具体内容详见公司于 2026 年 2 月 9 日在巨潮资讯网 （www.cninfo.com.cn）披露的相关公告。 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）《深圳证券交 易所创业板股票上市规则》（以下简称"《上市规则》"）《深圳证券交易所创业板上 市公司自律监管指南第 1 号——业务办理》和《公司章程》等相关规定，公司对 《2026 年限制性股票激励计划（草案）》（以下简称"《激励计划》"或"本次激励计 划"）首次授予激励对象的姓名和职务在公司内部进行了公示，公司董事会薪酬与考 核委员会结合公示情况对本次激励计划首次授予激励对象名单进行审核，相关公示及 ...

Investment Rating - The report maintains a "Recommended" rating for Industrial Fulian (601138.SH) with a target price of 57.39 CNY, projecting an EPS of 1.78 CNY for 2024, 3.15 CNY for 2025, and 4.14 CNY for 2026, with corresponding PE ratios of 32, 18, and 14 [51] Core Insights - The ongoing power supply shortage in North America is reshaping the energy landscape, creating new investment opportunities in Solid Oxide Fuel Cells (SOFC) and Multi-layer Ceramic Capacitors (MLCC) as critical solutions to address the energy and circuit operation challenges faced by data centers [7][10] - SOFC technology is highlighted as a key player in resolving the power supply issues for data centers, with a projected global market size of approximately 1 billion USD in 2024, expected to grow to 4.7 billion USD by 2033, reflecting a compound annual growth rate (CAGR) of 15.7% from 2025 to 2033 [16][17] - The rapid development of AI is driving significant demand for MLCCs, particularly in high-performance servers, where the demand for MLCCs is three times higher than that of standard servers, indicating a critical role in stabilizing power supply and filtering interference [40][41] Summary by Sections 1. North America's Power Supply Shortage - The imbalance in power supply and demand in North America is becoming increasingly severe, with projections indicating an average peak power gap of over 20 GW from 2027 to 2030 [7] - The expansion of data centers is intensifying the pressure on power supply, making SOFC a vital solution for addressing these challenges [10] 2. SOFC: The Solution to Data Center Power Challenges - SOFC technology offers high energy conversion efficiency (approximately 60%) and low emissions, making it suitable for distributed generation and combined heat and power systems [12][15] - The market for SOFC is expected to grow significantly, driven by the increasing demand for clean and efficient energy systems [16][17] - Key players in the SOFC market include Bloom Energy, which reported revenues exceeding 400 million USD with a year-over-year growth of 19.5% [21] 3. MLCC: Power and Signal Stabilizers in Circuit Modules - The demand for MLCCs is surging due to the rapid growth of AI, with high-performance servers requiring MLCCs to stabilize power supply and compensate for current fluctuations [40][41] - The global MLCC market is projected to grow from 34.895 billion USD in 2025 to 109.22 billion USD by 2034, with a CAGR of approximately 13.52% [42] - Japanese and Korean manufacturers dominate the high-end MLCC market, while domestic companies like Fenghua Advanced Technology and Sanhuan Group are making strides in R&D and production capacity [48][49] 4. Investment Recommendations - The report suggests focusing on companies involved in servers (Industrial Fulian), SOFC (Sanhuan Group, Weichai Power), and MLCC (Fenghua Advanced Technology, Jiemai Technology, Torch Electronics) as they are well-positioned to benefit from the growing demand in the AI-driven market [50]

2月25日，国瓷材料涨4.94%，成交额22.93亿元。两融数据显示，当日国瓷材料获融资买入额2.62亿 元，融资偿还2.01亿元，融资净买入6157.31万元。截至2月25日，国瓷材料融资融券余额合计11.56亿 元。 截至9月30日，国瓷材料股东户数4.56万，较上期减少5.23%；人均流通股18435股，较上期增加5.52%。 2025年1月-9月，国瓷材料实现营业收入32.84亿元，同比增长10.71%；归母净利润4.89亿元，同比增长 1.50%。 分红方面，国瓷材料A股上市后累计派现8.70亿元。近三年，累计派现3.98亿元。 机构持仓方面，截止2025年9月30日，国瓷材料十大流通股东中，香港中央结算有限公司位居第一大流 通股东，持股5248.54万股，相比上期减少343.55万股。富国天惠成长混合(LOF)A/B（161005）位居第 五大流通股东，持股2200.00万股，持股数量较上期不变。易方达创业板ETF（159915）位居第七大流 通股东，持股1666.53万股，相比上期减少279.71万股。嘉实新兴产业股票（000751）位居第十大流通股 东，持股1245.00万股，相比上期减少12 ...

责任编辑：小浪快报 02月24日消息，截止13:05，MLCC概念板块活跃，风华高科涨停，三环集团、达利凯普、国瓷材料、 洁美科技、博迁新材、宏达电子等个股涨幅居前。 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。 ...

Investment Rating - The report maintains a "Positive" rating for the chemical industry [4][3]. Core Insights - The macroeconomic outlook for the chemical industry indicates a stable increase in oil demand due to global economic recovery and tariff adjustments, with Brent crude oil expected to remain in the range of $60-75 per barrel [4][5]. - The report highlights a potential spring boom in the chemical sector, driven by the success of domestic robotics showcased during the Spring Festival and favorable export conditions following tariff reductions [4][3]. - Investment opportunities are identified in various chains, including textiles, agricultural chemicals, and overseas real estate, with specific companies recommended for investment [4][3]. Industry Dynamics - Oil supply is tightening due to OPEC+ production delays and peak shale oil output, while demand is stabilizing with improved global economic conditions [5]. - The chemical industry is at a cyclical turning point, with downstream operations gradually resuming post-holiday, indicating a positive demand outlook for the year [4][3]. - The report notes that the Producer Price Index (PPI) for industrial products decreased by 1.4% year-on-year in January, while the manufacturing PMI recorded 49.3, indicating some volatility in manufacturing activity [7][4]. Investment Analysis - The report suggests a diversified investment strategy focusing on four key areas: textiles, agricultural chemicals, export chains, and beneficiaries of "anti-involution" policies [4][3]. - Specific companies to watch include those in the textile chain like Lu Xi Chemical and Tongkun Co., and in the agricultural chain like Hualu Hengsheng and Baofeng Energy [4][3]. - The report emphasizes the importance of self-sufficiency in key materials, particularly in semiconductor and panel materials, recommending companies such as Yake Technology and Ruilian New Materials [4][3].

2月24日，国瓷材料涨10.1%，截至发稿，报34.13元/股，成交1.87亿元，换手率0.65%，总市值340.29亿 元。 易方达创业板ETF（159915）基金经理为成曦、刘树荣。 资料显示，山东国瓷功能材料股份有限公司位于山东省东营市东营区辽河路24号，成立日期2005年4月 21日，上市日期2012年1月13日，公司主营业务涉及高端功能陶瓷新材料的研发、生产和销售。主营业 务收入构成为：催化材料板块34.54%，其他材料板块24.77%，生物医疗材料板块24.18%，电子材料板 块19.37%，数码打印及其他材料板块-建筑陶瓷10.70%，新能源材料板块10.22%。 截至发稿，成曦累计任职时间9年296天，现任基金资产总规模2369.54亿元，任职期间最佳基金回报 131.04%， 任职期间最差基金回报-67.89%。 从国瓷材料十大流通股东角度 刘树荣累计任职时间8年224天，现任基金资产总规模1276.84亿元，任职期间最佳基金回报194.12%， 任职期间最差基金回报-48.01%。 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 ...

Core Viewpoint - The company is making steady progress on its sulfide electrolyte production line for solid-state battery products, indicating advancements towards potential mass production and shipment [2] Group 1 - The company has received inquiries from investors regarding the current stage of its solid-state battery technology project [2] - The company confirmed that the production line for sulfide electrolytes is progressing smoothly [2]

Core Viewpoint - The company is actively expanding its production capacity in response to growing market demand and is implementing various strategies to enhance market share and optimize costs [2] Group 1: Production Capacity and Expansion - The company has different production capacities across its business segments, with some products currently undergoing capacity expansion [2] - Production capacity planning for each product is determined based on industry and market changes [2] Group 2: Market Demand and Strategies - In light of increasing market demand, the company is intensifying efforts to explore both domestic and international markets [2] - The company is actively matching customer needs to further increase the market share of its products [2] Group 3: Supplier Relationships - The company aims to establish and maintain long-term stable strategic partnerships with upstream raw material suppliers [2] - Collaborative efforts with suppliers are focused on cost optimization and performance improvement to meet the growing market demand [2]