| 本公司及其董事会全体成员保证公告内容真实、准确和完整，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"国瓷材料"或"公司"） 于2025年12月14日召开第六届董事会第五次会议审议通过了《关于使用部分闲 置募集资金进行现金管理的议案》，同意公司在不影响募集资金投资项目（以下 简称"募投项目"）正常进行的前提下，使用不超过1,115.00万元暂时闲置募集 资金进行现金管理，拟购买安全性高、流动性好的投资产品，使用期限自2026 年1月1日至2026年12月31日，在上述额度及决议有效期内，可循环滚动使用。 根据《公司章程》的有关规定，该事项无须提交股东会审议批准。具体情况如下： 一、募集资金的基本情况 经中国证券监督管理委员会《关于同意山东国瓷功能材料股份有限公司向特 定对象发行股票注册的批复》（证监许可[2020]2945号）同意，国瓷材料向特定 对象发行A股人民币普通股股票40,469,279股，每股面值为人民币1.00元，发行价 格为20.67元/股，募集资金总额为836,499,996.93 元，扣除与发行有关的费用 14,196,669. ...

证券代码：300285 证券简称：国瓷材料 公告编号：2025-078 山东国瓷功能材料股份有限公司 关于召开2025年第二次临时股东会的通知 本公司及董事会全体人员保证信息披露的内容真实、准确和完整，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2025年12月14日召开 的第六届董事会第五次会议，公司决定于2025年12月31日（星期三）召开2025年第 二次临时股东会，现将会议有关事项通知如下： 一、召开会议基本情况 1、会议届次：2025年第二次临时股东会。 2、会议召集人：公司董事会。 3、会议召开的合法、合规性 经公司第六届董事会第五次会议审议通过决定召开2025年第二次临时股东会， 召集程序符合有关法律、行政法规、部门规章、规范性文件和《公司章程》的规定。 4、召开时间 （1）现场会议时间：2025年12月31日（星期三）下午2:30开始。 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为2025 年12月31日9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系 统投票的具体时间为2025 ...

证券代码：300285 证券简称：国瓷材料 公告编号：2025-071 山东国瓷功能材料股份有限公司 第六届董事会第五次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，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"或"国瓷材料"）于 2025 年 12 月 11 日以邮件形式发出了《山东国瓷功能材料股份有限公司第六届董事会第五 次会议的通知》。本次会议于 2025 年 12 月 14 日在公司会议室以通讯会议的方式召 开。会议应出席董事 9 名，实际出席董事 9 名，公司高级管理人员列席了会议。本次 会议的召集、召开符合《中华人民共和国公司法》及《公司章程》的有关规定，会议 合法有效。本次会议由公司董事长张曦先生主持。 公司董事会审计委员会审议通过了此议案，保荐人发表了明确同意意见，具体内 容详见中国证监会指定的创业板信息披露网站上发布的相关公告。 表决结果：9 票赞成，0 票反对，0 票弃权，获得通过。 2.00 审议通过了《关于利用闲置自有资金开展委托理财业务的议案》 公司运用闲置自有资金进行委托理财是在确保公司日常运营和资金安全的前提下 实施的， ...

证券时报·数据宝统计显示，国瓷材料今日收盘价为28.55元，上涨1.96%，日换手率为13.49%，成交额 为32.35亿元，全天主力资金净流出8902.44万元，近5日该股累计上涨24.67%，近5日资金合计净流入 1.49亿元。 两融数据显示，该股最新融资余额为8.79亿元，近5日增加1.41亿元，增幅为19.07%。 据天眼查APP显示，山东国瓷功能材料股份有限公司成立于2005年04月21日，注册资本99704.8299万人 民币。（数据宝） 国瓷材料12月15日大宗交易平台出现一笔成交，成交量374.31万股，成交金额1.07亿元，大宗交易成交 价为28.55元。该笔交易的买方营业部为中国银河证券股份有限公司北京安贞门证券营业部，卖方营业 部为广发证券股份有限公司深圳科苑路证券营业部。 12月15日国瓷材料大宗交易一览 进一步统计，近3个月内该股累计发生6笔大宗交易，合计成交金额为1.74亿元。 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业 ...

Core Viewpoint - The latest margin financing balance of the ChiNext market is 535.695 billion yuan, showing a decrease of 0.836 billion yuan compared to the previous period, with 18 stocks experiencing a margin financing balance growth of over 10% [1]. Group 1: Margin Financing Overview - The total margin financing balance for ChiNext stocks is 537.576 billion yuan, down by 0.821 billion yuan from the previous trading day [1]. - The margin financing balance decreased by 0.836 billion yuan, while the margin short selling balance increased by 15.4828 million yuan [1]. - A total of 403 ChiNext stocks saw an increase in margin financing balance, with 18 stocks having an increase of over 10% [1]. Group 2: Top Gainers in Margin Financing - The stock with the highest increase in margin financing balance is Shaoyang Hydraulic, with a latest balance of 119.2499 million yuan, reflecting a 34.17% increase and a price increase of 19.98% on the same day [3]. - Other notable stocks with significant margin financing balance growth include Jingxue Energy (26.82% increase) and Haheng Huadong (21.86% increase) [3]. - Among the stocks with over 10% increase in margin financing, the average price increase on that day was 4.25%, with stocks like Huicheng Vacuum and New Xunda showing gains of 8.44% and 8.08% respectively [1][3]. Group 3: Decliners in Margin Financing - A total of 544 stocks experienced a decrease in margin financing balance, with 50 stocks showing a decline of over 5% [4]. - The stock with the largest decrease in margin financing balance is International Composite Materials, which saw a 29.46% drop, bringing its balance to 34.43764 million yuan [4]. - Other significant decliners include Siling Co. (-24.94%) and Qiaoyuan Co. (-21.87%) [4].

Group 1: Stock Market Activity - Institutions net bought 13 stocks and net sold 18 stocks on the day, with the top three net purchases being: Fuxin Technology (¥242 million), Guoci Materials (¥153 million), and Zhongneng Electric (¥124 million) [1] - Fuxin Technology saw a price increase of 6.90% with 1 buyer and no sellers [2] - Guoci Materials experienced a significant price increase of 20.02% with 4 buyers and 1 seller, and has begun mass production of RF microchip packaging for low-orbit satellites [2][4] Group 2: Energy Sector Insights - The International Energy Agency (IEA) predicts that global data center electricity consumption will reach approximately 945 TWh by 2030, more than double the estimated 415 TWh in 2024, with an annual growth rate of about 15% from 2024 to 2030 [3] - The nuclear fusion market is expected to approach $500 billion (¥3.5 trillion) by 2030, with domestic fusion industry anticipated to enter engineering experimental pile construction around 2027 [5] Group 3: Government Initiatives - The Central Economic Work Conference emphasized the need for a "dual carbon" approach to drive a comprehensive green transition, focusing on energy efficiency and carbon reduction in key industries [4]

Investment Rating - The report maintains an "Optimistic" rating for the chemical industry [6][20]. Core Insights - The macroeconomic judgment for the chemical industry indicates a stable increase in oil demand due to global economic improvement, with Brent oil prices expected to remain in the range of $55-70 per barrel [6][7]. - The central economic work conference emphasizes the need to combat "involution" in competition, which is expected to benefit the chemical industry through optimized capacity and improved profitability [6][7]. - The report highlights the potential for growth in the refrigerant market, with specific quotas set for 2026, and suggests focusing on companies like Juhua Co., Sanmei Co., and Dongyangguang [6][7]. - The commercial aerospace sector is anticipated to enter a golden age, driven by the rapid deployment of low-orbit satellite constellations, with a projected market size of 60 billion yuan for ceramic shells [6][7]. Summary by Sections Industry Dynamics - Oil supply is constrained due to OPEC+ production delays, while demand is stabilizing, leading to a forecast of sustained low oil prices [7]. - Coal prices are expected to stabilize at a low level, and natural gas costs may decrease as the U.S. accelerates export facility construction [6][7]. Chemical Sector Configuration - The report suggests a diversified investment approach across various chains, including textiles, agriculture, and export-related chemicals, benefiting from the "involution" policy [6][20]. - Key materials for growth are identified, including semiconductor materials and OLED panel materials, with specific companies highlighted for investment [6][20]. Key Company Valuations - The report provides a detailed valuation table for key companies in the chemical sector, indicating their market capitalization and projected earnings [20][21].

Market Performance - The main board saw significant gains with notable stocks such as Copper Peak Electronics (+10.04%), Xilong Science (+10.00%), and Dongfang Communication (+9.98%) leading the charge [1] - The ChiNext board experienced a surge, highlighted by Guoci Materials (+20.02%) and LianTe Technology (+15.87%) [1] - The Sci-Tech Innovation board also performed well, with Jingfeng Mingyuan (+20.00%) and Yandong Micro (+16.84%) among the top gainers [1] - Active sub-industries included SW Electronic Chemicals III (+4.36%) and SW Semiconductor Equipment (+3.55%) [1] Domestic News - Taiwan's Industrial Technology Research Institute announced the development of the region's first full-color high-resolution Micro LED AI smart glasses, featuring a 0.49-inch display with 1920x1080 FULL HD resolution and over 3000 nits brightness [1] - Shanghai Jiao Tong University and Guoxing Aerospace signed an agreement to establish China's first space computing joint laboratory, focusing on autonomous space computing chip development and related technologies [1] - Goer Group and Haier Group signed a strategic cooperation agreement to collaborate on smart home, health, and digital economy sectors, leveraging Goer's expertise in precision components and smart manufacturing [1] - According to BCI's report, Huawei's smartphone market share is projected to reach 27.81% by the 48th week of 2025, significantly ahead of Apple's 17.12% [1] Company Announcements - Electric Science and Technology Network announced a significant decrease in expected daily related transactions for 2026, with actual transactions for 2025 being 283.25 million yuan compared to an expected 1.17385 billion yuan [3] - Chip Origin announced progress in acquiring Zhudian Semiconductor, with a capital increase of 350 million yuan for the acquisition [3] - Yunding Technology projected daily related transactions for 2026 to be approximately 1.355 billion yuan, with actual transactions expected to be around 1.484 billion yuan [3] - Aisino Security reported receiving a government subsidy of 1 million yuan, classified as a revenue-related government grant [3] International News - Dell plans to increase prices for its commercial product line by approximately 10%-30% starting December 17, depending on computer configuration [1] - STMicroelectronics secured a new credit line of 1 billion euros from the European Investment Bank, with 60% allocated for enhancing manufacturing capabilities [1] - SK Hynix ordered seven sets of thermal compression bonding machines from ASMPT for HBM4 production, a critical technology for ensuring product yield and performance [1] - Kioxia plans to start producing next-generation NAND flash memory chips in Iwate Prefecture in 2026, increasing storage capacity by 59% and data transfer speed by 33% [1]

业绩方面，机构净买入个股中，公布2025年业绩预告的共有1只，业绩预告类型来看，预增有1只。以净 利润增幅中值来看，净利润增幅最高的是中国铀业，预计净利润中值为16.25亿元，同比增幅为 11.42%。 （原标题：龙虎榜机构新动向：净买入15股 净卖出16股） 12月12日沪指上涨0.41%，盘后龙虎榜数据显示，机构现身31只个股龙虎榜，净买入15只，净卖出16 只。深沪股通席位出现在18只个股龙虎榜。 证券时报•数据宝统计显示，12月12日机构专用席位现身31只个股龙虎榜，合计净买入2.00亿元。个股 来看，净买入15只，净卖出16只。 机构龙虎榜净买卖个股 机构专用席位净买入金额最多的是国瓷材料，该股今日收盘涨停，全天换手率为13.75%，成交额为 31.16亿元。因日收盘价涨幅达20.00%上榜龙虎榜，前五大买卖营业部中有5家机构专用席位，为买二、 买三、买四、买五、卖五，合计净买入15314.19万元。同时上榜的还有深股通专用席位，净买入8327.84 万元，营业部席位合计净卖出1.32亿元。资金流向方面，该股全天资金净流入2.23亿元。 中能电气，今日收盘涨停，全天换手率为27.68%，成交额为12 ...

Core Insights - The chemical industry is entering a favorable phase driven by demand, value, and supply dynamics [5][6][7] - Global supply constraints and the exit of European capacities are expected to enhance the market environment for the chemical sector [7] Demand Drivers - Key opportunities identified in various sectors include: - Gas turbine upstream: companies like Zhenhua Co., Yingliu Co., Longda Co., and Wanze Co. [5] - Refrigerants and fluorinated liquids: companies such as Juhua Co., New Zhoubang, and Runhe Materials [5] - Energy storage supply chain: including Chuanheng Co., Xingfa Group, Yuntianhua, Batian Co., and others [5] - Semiconductor materials: companies like Yanggu Huatai, Wanrun Co., Dinglong Co., and others [5] Value Drivers - Potential for increased dividend yields in sectors such as: - Coal chemical: Hualu Hengsheng, Luxi Chemical, and Baofeng Energy [6] - Oil refining: Hengli Petrochemical, Satellite Chemical, and Sinopec [6] - Phosphate fertilizers: Yuntianhua, Yuntu Holdings, and others [6] Supply Drivers - Domestic anti-involution policies and the exit of European production capacities are expected to support the chemical industry: - PTA and polyester filament: companies like Xin Fengming and Tongkun Co. [7] - Tire manufacturing: including Sailun Tire, Zhongce Rubber, and others [7] Key Companies and Profit Forecasts - Selected companies with profit forecasts include: - Zhenhua Co. (Net profit forecast for 2025: 6.04 billion, PE: 21.8) [8] - Yingliu Co. (Net profit forecast for 2025: 4.08 billion, PE: 42.7) [8] - Longda Co. (Net profit forecast for 2025: 1.06 billion, PE: 34.9) [8] - Wanze Co. (Net profit forecast for 2025: 2.37 billion, PE: 32.9) [8] - Juhua Co. (Net profit forecast for 2025: 48.14 billion, PE: 24.4) [8] Industry Cycle Insights - The chemical industry is expected to enter a new cycle, with demand recovery and supply-side reforms driving growth [14][21] - The chemical price index has shown signs of recovery, indicating a potential upturn in the market [20][21]