建新股份股价强势上涨，行业景气度提升与资金推动成主因

Core Viewpoint - The recent strong performance of Jianxin Co., Ltd. (300107.SZ) is primarily driven by the improvement in industry sentiment and the influx of main capital [1] Industry Policy and Environment - The chemical industry, particularly in the dye segment, has shown positive signals recently. According to UBS analysis, after four years of deep adjustment, the chemical industry is at a historical bottom, with a fundamental reversal in supply-demand dynamics expected between 2026 and 2028. Additionally, the prices of disperse dyes are rising due to tight supply of key upstream intermediates, benefiting companies in the industry [2] Capital Movement - Recent capital flow data indicates a net inflow of main capital. For instance, on February 12, 2026, the net inflow of main capital for the stock was 76.48 million yuan, with a net volume of 2.53%, leading to a 9.05% increase in stock price. Over the last five trading days (up to February 12), the cumulative stock price increase was 17.93% [3] Stock Price Situation - From a technical perspective, the stock has recently broken through key positions such as the 20-day moving average, with significantly increased trading activity. On February 12, the turnover rate reached 23.99%, with a transaction amount of 719 million yuan, indicating high market attention. However, the company's fundamentals still face challenges. According to the earnings forecast released on January 26, 2026, Jianxin Co. is expected to report a net loss attributable to shareholders of 20 million to 29 million yuan for 2025, primarily due to weak industry demand, declining product prices, and increased R&D investment. Therefore, the recent strong stock price more reflects expectations of industry cycle improvement and changes in capital flow [4]