Investment Rating - The report maintains a "Buy" rating for several companies including Xinyangfeng, Senqilin, Ruifeng New Materials, Sinopec, Juhua, Yangnong Chemical, CNOOC, Tongkun, Daotong Technology, and others [10]. Core Views - The report highlights significant price increases in products such as p-nitrochlorobenzene (up 27.91%) and LLDPE (up 24.72%), while products like natural gas and LDPE saw substantial declines [6][18]. - It suggests focusing on investment opportunities in areas such as import substitution, domestic demand, and high dividend stocks, particularly in light of fluctuating international oil prices [6][19]. - The report anticipates that international oil prices will stabilize around $65 per barrel in 2026, influenced by geopolitical uncertainties and expectations of price declines [19]. Summary by Sections Product Price Movements - Notable price increases this week include p-nitrochlorobenzene (27.91%), LLDPE (24.72%), and liquid chlorine (20.90) [18]. - Conversely, significant declines were observed in natural gas (-22.34%) and LDPE (-18.02%) [5][21]. Industry Performance - The chemical industry remains in a weak position overall, with mixed performance across sub-sectors due to past capacity expansions and weak demand [21]. - Specific sectors like the glyphosate industry are showing signs of potential recovery, with decreasing inventories and rising prices, suggesting a possible entry into a favorable cycle [21]. Investment Recommendations - The report recommends focusing on companies with strong competitive positions and growth potential, such as Ruifeng New Materials and Baofeng Energy [21]. - It emphasizes the importance of domestic chemical fertilizer and pesticide sectors, which are expected to maintain stable demand due to self-sufficiency [21]. - The report also highlights the benefits for major oil companies like Sinopec, which are expected to gain from lower raw material costs due to declining oil prices [21].

证券日报网讯1月30日，瑞丰新材（300910）在互动平台回答投资者提问时表示，《深圳证券交易所创 业板股票上市规则》对业绩预告的披露标准有明确规定，若达到相关标准，公司会按规定履行信披义 务。 ...

证券日报网讯 1月27日，瑞丰新材发布公告称，公司于近日收到了由河南省科学技术厅、河南省财政 厅、国家税务总局河南省税务局联合颁发的《高新技术企业证书》（证书编号：GR202541002056）， 发证时间：2025年11月4日，有效期：三年。本次认定系公司原《高新技术企业证书》有效期满后进行 的重新认定。 （文章来源：证券日报） ...

格隆汇1月27日丨瑞丰新材(300910.SZ)公布，公司于近日收到了由河南省科学技术厅、河南省财政厅、 国家税务总局河南省税务局联合颁发的《高新技术企业证书》（证书编号：GR202541002056），发证 时间：2025年11月4日，有效期：三年。本次认定系公司原《高新技术企业证书》有效期满后进行的重 新认定。根据国家对高新技术企业的相关税收优惠规定，公司自本次通过高新技术企业认定后的连续三 年（即2025年度至2027年度），将继续享受国家关于高新技术企业的相关税收优惠政策，按15%的税率 缴纳企业所得税。 ...

证券代码：300910 证券简称：瑞丰新材 公告编号：2026-001 新乡市瑞丰新材料股份有限公司 关于公司通过高新技术企业重新认定的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 新乡市瑞丰新材料股份有限公司（以下简称"公司"）于近日收到了由河南 省科学技术厅、河南省财政厅、国家税务总局河南省税务局联合颁发的《高新技 术企业证书》（证书编号：GR202541002056），发证时间：2025年11月4日，有 效期：三年。本次认定系公司原《高新技术企业证书》有效期满后进行的重新认 定。 根据国家对高新技术企业的相关税收优惠规定，公司自本次通过高新技术企 业认定后的连续三年（即2025年度至2027年度），将继续享受国家关于高新技术 企业的相关税收优惠政策，按15%的税率缴纳企业所得税。 公司2025年度已按15%的税率预缴企业所得税，本次通过高新技术企业重新 认定所获税收优惠政策不影响2025年度经营业绩。 特此公告。 新乡市瑞丰新材料股份有限公司 董事会 2026年1月27日 ...

瑞丰新材（300910.SZ）1月27日在投资者互动平台表示，公司生产的润滑油添加剂可用于航空航天发动 机油领域，但目前公司在售产品未在该领域形成收入。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：公司产品可以应用于航空航天领域吗？ ...

Group 1 - The core viewpoint of the article highlights the performance and adjustments of the fund managed by Zhu Shaoxing, with a net asset value of 22.484 billion yuan as of Q4 2025 [1] - The fund's performance during the reporting period shows a return of 1.12% for both the A/B and D classes, while the C class returned 0.91%, compared to a benchmark return of -0.09% across all classes [1][2] - The top ten holdings of the fund include notable companies such as Ningbo Bank, Jerry Holdings, CATL, and Kweichow Moutai, indicating a diversified investment strategy [1][2] Group 2 - Zhu Shaoxing's recent adjustments in the portfolio include a reversal on Zijin Mining, which was sold off in the first half of 2025 and repurchased in the second half, now ranking as the seventh largest holding [2] - The fund has reduced its exposure to the new energy vehicle sector, with companies like Luxshare Precision exiting the top ten holdings, while increasing its stake in CATL [2] - The analysis indicates that the current monetary policy remains accommodative, and the fiscal policy is actively supporting the market, leading to improved investor risk appetite [3] Group 3 - The A-share market is noted to have seen a significant increase in overall valuations, yet it remains within a reasonable range in a long-term cycle, suggesting continued attractiveness of equity assets [3] - The focus on selecting stocks with strong corporate governance and management is emphasized as a strategy for future value creation, aligning with the fund's growth-oriented investment approach [3]

智通财经APP获悉，日前，富国基金副总经理、基金经理朱少醒旗下基金发布2025年四季报。截至2025年四季度末，朱 少醒管理的富国天惠精选成长，基金资产净值为224.84亿元。 从调仓动向来看，朱少醒在操作上呈现明显调整。与上季度相比，对紫金矿业进行"反转操作"，在2025年上半年清仓 后，又于下半年重新买回，并将其列为第七大重仓股；徐工机械首次进入其前十大持仓；新能源汽车行业板块则遭到减 持，立讯精密等退出十大重仓，中创智领等被减持；此外，宁德时代也在2025年四季度期间获得进一步加仓。 朱少醒在最新季报中分析道，四季度货币政策保持宽松，财政政策持续发力。中美关系经历前期激烈的博弈后进入缓和 阶段，投资者的风险偏好也得以提升。高景气的通讯、电子、有色等行业表现良好。反内卷的系列政策正在逐步反应在 企业的经营环境上，未来将持续影响上市公司的基本面。市场的机会一定程度上有所扩散。 当前的 A 股市场整体估值已经上行不少，但依然处于长周期中的合理区间。当下权益资产在所有资产大类中相对吸引力 显著。当然指数中枢上行后，自下而上个股阿尔法的选择比之前更为重要。放在更长的时间维度，相信实体经济终将有 力复苏。优质的权益 ...

Investment Rating - The report maintains a "Buy" rating for several companies in the chemical industry, including Sinopec, Jiangshan Co., and others [10]. Core Insights - Domestic gasoline and natural gas prices have seen significant increases, while products like hydrochloric acid and liquid chlorine have experienced substantial declines. The report suggests focusing on import substitution, pure domestic demand, and high-dividend opportunities [6][19]. - The international oil prices are expected to stabilize around $65 per barrel in 2026, influenced by geopolitical uncertainties. Companies with high dividend characteristics, such as Sinopec, are expected to benefit from declining raw material costs [6][19]. - The chemical industry is currently in a weak state, with mixed performance across sub-sectors. However, certain sectors like lubricants are performing better than expected, indicating potential investment opportunities [22]. Summary by Sections Chemical Industry Investment Recommendations - The report highlights significant price increases for domestic gasoline (11.38%) and natural gas (8.68%), while products like liquid chlorine (-18.02%) and hydrochloric acid (-13.79%) have seen notable declines [19][20]. - It emphasizes the importance of focusing on sectors that may enter a recovery phase, such as glyphosate, and suggests specific companies for investment [22]. Market Performance - The report notes that the chemical industry is currently facing a weak overall performance, with varying results across different sub-sectors due to past capacity expansions and weak demand [22]. - It recommends monitoring companies with strong competitive positions and growth potential, particularly in the lubricant additives and coal-to-olefins sectors [22]. Price Trends - The report provides insights into the price trends of various chemical products, indicating a mixed performance with some products rebounding while others continue to decline [20][22]. - It also discusses the impact of geopolitical factors on oil prices, which in turn affect the chemical industry [23][24]. Key Companies and Earnings Forecast - The report lists several companies with strong earnings forecasts, including Sinopec, Jiangshan Co., and others, all rated as "Buy" [10][11].

Group 1 - The chemical sector continues to show strong performance, with the chemical ETF (516020) rising by 1.55% as of the latest report [1] - Key stocks in the sector, such as Tongkun Co. and Xin Fengming, have seen significant gains, with increases exceeding 7% [1] - The ETF has attracted substantial capital inflow, with a net subscription of 378 million yuan over the past five trading days and over 900 million yuan in the last ten days [1][2] Group 2 - The National Development and Reform Commission emphasizes the need for structural reforms in traditional industries, including steel and petrochemicals, to enhance supply and demand balance and product structure [3] - Guotai Junan Securities suggests that the large chemical industry is likely to undergo a revaluation, as the current profitability does not align with its industry position [3] - The chemical ETF (516020) has been included in the Stock Connect program, which is expected to attract new northbound capital and enhance liquidity [4]