淡季维持累库趋势，但库存处于历史低位 [Table_Industry] 钢铁 ——钢铁行业周度更新报告 | | | --- | [Table_Invest] 评级： 增持 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 李鹏飞(分析师) | 010-83939783 | lipengfei2@gtht.com | S0880519080003 | | 刘彦奇(分析师) | 021-23219391 | liuyanqi@gtht.com | S0880525040007 | | 魏雨迪(分析师) | 021-38674763 | weiyudi@gtht.com | S0880520010002 | | 王宏玉(分析师) | 021-38038343 | wanghongyu@gtht.com | S0880523060005 | 本报告导读： 需求有望逐步触底；供给端即便不考虑供给政策，目前行业微利时间已经较长，供 给的市场化出清已开始出现，我们预期钢铁行业基本面有望逐步修复。而若供给政 策落地，行业供给的收缩速度更快，行 ...

证券日报网讯2月5日，铂科新材（300811）在互动平台回答投资者提问时表示，公司研发的适用于 DDR内存的金属软磁粉芯电感性能指标领先，已经进入小批量测评。 ...

格隆汇2月5日丨铂科新材(300811.SZ)在互动平台表示，公司产品目前尚未用于太空光伏。 ...

2月5日，铂科新材跌5.03%，截至发稿，报74.08元/股，成交3.90亿元，换手率2.17%，总市值214.68亿 元。 资料显示，深圳市铂科新材料股份有限公司位于广东省深圳市南山区西丽街道曙光社区智谷研发楼B栋 1301，成立日期2009年9月17日，上市日期2019年12月30日，公司主营业务涉及从事金属软磁粉、金属 软磁粉芯和电感元件的研发、生产和销售,为电能变换各环节电力电子设备或系统实现高效稳定、节能 环保运行提供高性能软磁材料、模块化电感以及整体解决方案。主营业务收入构成为：金属软磁粉末制 品96.69%，金属软磁粉3.07%，其他(含其他业务收入)0.25%。 国投瑞银新能源混合A（007689）基金经理为施成。 截至发稿，施成累计任职时间6年316天，现任基金资产总规模99.64亿元，任职期间最佳基金回报 204.74%， 任职期间最差基金回报-23.15%。 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。 责任 ...

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. If supply policies are implemented, the contraction in supply may accelerate, facilitating a quicker industry upturn [3][4]. Summary by Sections Steel Market Overview - Steel prices have decreased, with the Shanghai rebar price dropping by 20 CNY/ton to 3240 CNY/ton, a decline of 0.61%. The total inventory of steel has increased by 1.70% to 12.7851 million tons [8][12]. - Apparent consumption of five major steel products was 8.0174 million tons, down 0.96% week-on-week but up 28.96% year-on-year [21]. - The production of five major steel products was 8.2317 million tons, an increase of 0.44% week-on-week [12][37]. Supply and Demand Dynamics - Approximately 60% of steel companies are currently operating at a loss, indicating a market-driven supply clearance is beginning to occur [4]. - The construction sector's demand for steel is expected to stabilize, while demand from infrastructure and manufacturing is projected to grow steadily [4]. Profitability and Production Margins - The average gross profit for rebar was 196.9 CNY/ton, down 11.7 CNY/ton from the previous week, while hot-rolled coil profit increased by 2.3 CNY/ton to 46.9 CNY/ton [39]. - The profitability rate of 247 steel companies was 39.39%, a decrease of 1.3% from the previous week [28]. 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 [4]. - It also highlights the potential of upstream resource companies like Hebei Resources and Erdos, which may benefit from a recovery in demand [4].

1月30日，铂科新材跌5.04%，截至发稿，报75.30元/股，成交4.88亿元，换手率2.67%，总市值218.22亿 元。 华夏行业景气混合A（003567）成立日期2017年2月4日，最新规模69.58亿。今年以来收益11.14%，同 类排名1561/8872；近一年收益76.5%，同类排名595/8126；成立以来收益443.73%。 华夏行业景气混合A（003567）基金经理为钟帅。 截至发稿，钟帅累计任职时间5年188天，现任基金资产总规模119.14亿元，任职期间最佳基金回报 218.15%， 任职期间最差基金回报11.77%。 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。 责任编辑：小浪快报 资料显示，深圳市铂科新材料股份有限公司位于广东省深圳市南山区西丽街道曙光社区智谷研发楼B栋 1301，成立日期2009年9月17日，上市日期2019年12月30日，公司主营业务涉及从事金属软磁粉、金属 软磁粉芯和电感元件的研发 ...

证券日报网讯 1月28日，铂科新材在互动平台回答投资者提问时表示，公司和香农、佰维没有业务合 作。 （文章来源：证券日报） ...

Core Viewpoint - The company, Placo New Materials (300811), indicates that its main product lines include metal magnetic powder cores, chip inductors, and metal soft magnetic powders, with chip inductors showing significant market potential and growth prospects compared to other product lines [1] Group 1 - The chip inductor market space is described as broad, with growth potential significantly exceeding that of other product lines [1] - Sales revenue from chip inductors is rapidly increasing as a proportion of the company's overall revenue [1] - The timeline for chip inductors to become the company's largest product line will depend on market demand and capacity construction [1]

1月27日，铂科新材涨5.07%，截至发稿，报80.97元/股，成交6.83亿元，换手率3.67%，总市值234.65亿 元。 资料显示，深圳市铂科新材料股份有限公司位于广东省深圳市南山区西丽街道曙光社区智谷研发楼B栋 1301，成立日期2009年9月17日，上市日期2019年12月30日，公司主营业务涉及从事金属软磁粉、金属 软磁粉芯和电感元件的研发、生产和销售,为电能变换各环节电力电子设备或系统实现高效稳定、节能 环保运行提供高性能软磁材料、模块化电感以及整体解决方案。主营业务收入构成为：金属软磁粉末制 品96.69%，金属软磁粉3.07%，其他(含其他业务收入)0.25%。 从铂科新材十大流通股东角度 数据显示，华夏基金旗下1只基金位居铂科新材十大流通股东。华夏行业景气混合A（003567）三季度 减持253.8万股，持有股数215.38万股，占流通股的比例为0.91%。根据测算，今日浮盈赚取约842.13万 元。 华夏行业景气混合A（003567）成立日期2017年2月4日，最新规模69.58亿。今年以来收益11.25%，同 类排名1318/8861；近一年收益73.81%，同类排名541/8126； ...

Core Viewpoint - The company, Placo New Materials (300811.SZ), indicates that its main product lines include metal magnetic powder cores, chip inductors, and metal soft magnetic powders, with chip inductors showing significant market potential and growth prospects compared to other product lines [1] Product Line Summary - The chip inductor segment is expected to have a broad market space and its sales revenue is rapidly increasing as a proportion of the company's total revenue [1] - The timeline for chip inductors to become the company's largest product line will depend on market demand and capacity construction [1]