Jing Ji Guan Cha Wang·2026-02-12 12:24Group 1 - The stock price of Kaisheng New Energy (600876.SH) has shown a fluctuating upward trend, with a single-day increase of 4.23% on February 9, closing at 11.34 yuan, with a trading volume of 1.28 billion yuan and a net inflow of main funds of 1.4051 million yuan [1] - As of February 12, the stock price slightly decreased by 0.54% to 11.14 yuan, but the cumulative increase over five days was 2.48%, and the year-to-date increase reached 12.98% [1] - The glass fiber sector, to which the company belongs, saw an increase of 4.45%, partly driven by a price surge in electronic cloth [1] Group 2 - Kaisheng New Energy held a work conference from February 5 to 6, 2026, emphasizing a focus on the "three major battles" 2.0 version and setting a "224" operational goal to enhance competitiveness through lean management, innovation, and digital transformation [2] - On February 9, the company announced strategic deployments for 2026, aiming to deepen capacity optimization, cost control, and overseas market expansion to promote high-quality development [2] Group 3 - According to the Q3 2025 financial report, Kaisheng New Energy's revenue for the first three quarters was 2.677 billion yuan, a year-on-year decrease of 27.55%, with a net loss attributable to shareholders of 596 million yuan, an increase of 141.12% year-on-year [3] - However, the revenue for the third quarter alone grew by 40.15% year-on-year, and the loss narrowed, indicating some alleviation of operational pressure [3] - Institutions predict that the company may turn a profit in 2025, with an expected net profit of 98 million yuan, a year-on-year increase of 116.07% [3] Group 4 - Institutional ratings for Kaisheng New Energy are generally neutral, with a comprehensive target price of 12.58 yuan, indicating a potential upside of 20.04% from the current stock price [4] - Citigroup and other institutions noted that the tight supply and demand for glass fiber cloth may indirectly benefit the glass fiber sector, but the company's focus on new energy glass requires attention to its operational improvements [4] - Current institutional research frequency is low, but profit forecasts indicate a potential year-on-year net profit growth of 114.29% for 2026 [4]