证券之星消息，1月5日非金属材料板块较上一交易日上涨2.37%，索通发展领涨。当日上证指数报收于 4023.42，上涨1.38%。深证成指报收于13828.63，上涨2.24%。非金属材料板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603612 | 索通发展 | 25.06 | 6.64% | 34.28万 | 8.51亿 | | 688300 | 联瑞新材 | 63.72 | 2.63% | 4.45万 | 2.83亿 | | 603688 | 石英股份 | 37.35 | 2.10% | 7.65万 | 2.84亿 | | 301071 | 力量钻石 | 36.58 | 2.06% | 6.42万 | 2.34亿 | | 001296 | 长江材料 | 26.76 | 1.87% | 4.57万 | 1.22亿 | | 920175 | 东方碳素 | 11.52 | 1.77% | 1.01万 | 1155.26万 | | 920675 | 秉扬科技 | 9.98 ...

石油石化 2026 年 1 月 4 日 石油石化周报 油价短期或有支撑，关注美委局势升级和 OPEC+增产态度 强于大市（维持） 行情走势图 -30% -20% -10% 0% 10% 20% 30% 40% 50% 24-01 24-03 24-05 24-07 24-09 24-11 25-01 25-03 25-05 25-07 25-09 25-11 沪深300 石油石化 基础化工 证券分析师 核心观点： 行 业 报 告 行 业 报 告 行 业 深 度 报 行 业 深 度 报 行 业 周 报 证 券 研 究 报 告 告 告 陈潇榕 投资咨询资格编号 S1060523110001 chenxiaorong186@pingan.com.cn 马书蕾 投资咨询资格编号 S1060524070002 mashulei362@pingan.com.cn 石油石化：美委地缘局势升级，叠加市场预期 OPEC+将维持暂停增 产立场，或对油价形成一定支撑。据 ifind 数据，2025 年 12 月 26 日 -2026 年 1 月 2 日，WTI 原油期货收盘价上涨 0.62%，布伦特油期货 价保持不变。地缘政治方面 ...

Core Viewpoint - The report highlights the performance and trends in China's non-metallic mineral products industry, indicating a slight decline in export value in November 2025 while showing an overall growth in cumulative exports for the year [1]. Group 1: Company Information - Listed companies in the non-metallic mineral sector include Changjiang Materials (001296), Power Diamond (301071), Suotong Development (603612), Quartz Co. (603688), Kuncai Technology (603826), Longgao Co. (605086), Lianrui New Materials (688300), Qilu Huaxin (830832), Bingyang Technology (836675), Tianma New Materials (838971), Dongfang Carbon (832175), and Ningxin New Materials (839719) [1]. Group 2: Industry Data - In November 2025, the export value of China's non-metallic mineral products industry was 15.88 billion yuan, representing a year-on-year decrease of 0.4% [1]. - From January to November 2025, the cumulative export value reached 166.31 billion yuan, showing a year-on-year growth of 3.8% [1]. - A statistical chart from 2019 to January-November 2025 illustrates the export value trends in the non-metallic mineral products industry [1].

Market Overview - The non-metal materials sector experienced a decline of 1.27% on December 31, with Tianma New Materials leading the drop [1] - The Shanghai Composite Index closed at 3968.84, up 0.09%, while the Shenzhen Component Index closed at 13525.02, down 0.58% [1] Stock Performance - Tianma New Materials saw a significant drop of 5.86%, closing at 30.70, with a trading volume of 40,200 shares and a transaction value of 126 million [2] - Other notable declines included: - Suotong Development down 2.33% to 23.50 [2] - Longgao Co., Ltd. down 1.72% to 45.66 [2] - Lianrui New Materials down 1.48% to 62.09 [2] - Conversely, Ningxin New Materials increased by 1.42% to 12.90 [1] Capital Flow - The non-metal materials sector saw a net outflow of 179 million from institutional investors, while retail investors contributed a net inflow of 152 million [2] - The capital flow for individual stocks showed: - Quartz Co. had a net inflow of 6.22 million from institutional investors [3] - Tianma New Materials faced a net outflow of 19.94 million from institutional investors [3] - Longgao Co., Ltd. had a net outflow of 43.87 million from institutional investors [3]

Group 1: AI-Driven Chemical Industry - The integration of AI in the chemical industry is expected to create investment opportunities across four key areas: research, production, operations, and supply chain management, leading to a data-driven and optimized system [5][6] - The demand for new chemical materials is driven by the energy consumption of AI data centers, with a projected compound annual growth rate of 44.8% in IT energy consumption from 2022 to 2027 [6] - The renewable energy generation in China is currently about 35%, with a future target of nearly 90%, emphasizing the need for green energy materials [7] - The new energy storage plan aims for a scale of 180 million kilowatts by 2027, with significant investments expected in lithium battery storage [8] - The manufacturing sector is poised for growth, particularly in high-end electronic resins and specialty engineering plastics, as domestic companies catch up with international standards [9] - The cooling materials market is projected to exceed $7 billion by 2034, with a compound annual growth rate of over 10% from 2024 to 2034, driven by the demand for AI-related cooling solutions [11] Group 2: Refrigeration Equipment Industry - The refrigeration and air conditioning industry in China is at a critical turning point, transitioning from a growth phase to a stable development phase dominated by replacement demand [12] - Strategic acquisitions in the HVAC sector are becoming common as companies seek to establish local distribution networks and adapt to market differences [13] - The commercial refrigeration sector, particularly in data center cooling, is highlighted as a growth area due to increasing demand for energy-efficient solutions [14] - Investment recommendations include focusing on leading companies in household refrigeration, specialized cooling solutions, and upstream components benefiting from data center demands [14]

Group 1 - The core viewpoint of the news is that Jiangsu Lianrui New Materials Co., Ltd. has seen a decline in its stock price, with a current trading price of 62.38 yuan per share and a total market capitalization of 15.063 billion yuan [1] - The company specializes in the research, manufacturing, and sales of inorganic fillers and granular carrier products, with its main business revenue composition being 57.16% from spherical inorganic powders, 26.39% from angular inorganic powders, and 16.32% from other products [1] Group 2 - From the perspective of fund holdings, the Agricultural Bank of China Fund has a significant position in Lianrui New Materials, with the Agricultural Specialized and Innovative Mixed A Fund holding 56,700 shares, accounting for 2.75% of the fund's net value [2] - The Agricultural Specialized and Innovative Mixed A Fund has achieved a year-to-date return of 56.3% and a one-year return of 51.93%, ranking 910th out of 8085 in its category [2] Group 3 - The fund manager of the Agricultural Specialized and Innovative Mixed A Fund is Wei Gang, who has a tenure of 7 years and 283 days, with the fund's total asset size being 540 million yuan [3] - During Wei Gang's tenure, the best fund return was 146.51%, while the worst return was -37.82% [3]

证券之星消息，12月30日非金属材料板块较上一交易日上涨0.14%，龙高股份领涨。当日上证指数报收 于3965.12，下跌0.0%。深证成指报收于13604.07，上涨0.49%。非金属材料板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日非金属材料板块主力资金净流出1.08亿元，游资资金净流入2254.23万元，散户 资金净流入8538.94万元。非金属材料板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 605086 龙高股份 | | -1386.74万 | 3.81% | 1239.27万 | 3.41% | -2626.00万 | -7.22% | | 920971 天马新材 | | 315.19万 | 2.51% | -9.10万 | -0.07% | -112.73万 ...

证券之星消息，12月29日非金属材料板块较上一交易日上涨0.48%，龙高股份领涨。当日上证指数报收 于3965.28，上涨0.04%。深证成指报收于13537.1，下跌0.49%。非金属材料板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 920675 | 秉扬科技 | 10.16 | -3.24% | 2.54万 | 2595.20万 | | 920832 | 齐鲁华信 | 7.30 | -2.67% | 1.56万 | 1145.22万 | | 920971 | 天马新材 | 31.98 | -2.47% | 3.82万 | 1.24亿 | | 920719 | 宁新新材 | 12.82 | -1.61% | 2.48万 | 3208.92万 | | 603612 | 索通发展 | 23.87 | -1.20% | 13.18万 | 3.17 乙 | | 603688 | 石英股份 | 37.20 | -1.12% | 6.25万 | 2.34亿 | | 920175 | ...

Core Viewpoint - The report highlights the performance and trends in China's non-metallic mineral mining and selection industry, indicating a slight decline in export value in November 2025, while showing an overall increase in cumulative exports for the year [1][2]. Group 1: Company Information - Listed companies in the non-metallic mineral sector include Changjiang Materials (001296), Power Diamond (301071), Suotong Development (603612), Quartz Co. (603688), Kuncai Technology (603826), Longgao Co. (605086), Lianrui New Materials (688300), Qilu Huaxin (830832), Bingyang Technology (836675), Tianma New Materials (838971), Dongfang Carbon (832175), and Ningxin New Materials (839719) [1]. Group 2: Industry Statistics - In November 2025, the export value of the non-metallic mineral mining industry was 25 million yuan, representing a year-on-year decrease of 1.4% [1]. - From January to November 2025, the cumulative export value of the non-metallic mineral mining industry reached 274 million yuan, showing a cumulative year-on-year growth of 9.2% [1].

债 券 周 评 相关研究 证 券 研 究 报 告 证券分析师 黄伟平 A0230524110002 huangwp@swsresearch.com 王明路 A0230525060003 wangml@swsresearch.com 徐亚 A0230524060002 xuya@swsresearch.com 联系人 徐亚 A0230524060002 xuya@swsresearch.com 2025 年 12 月 27 日 主题风格活跃，高价券领涨 ——转债周度跟踪 20251226 ⚫ 1. 周观点及展望 ⚫ 本周中证 2000 领涨，微盘股延续修复，转债风格适配、明显跟涨，商业航天概念持续火 热带动军工板块表现亮眼，金融、消费等临期大盘转债依旧承压，加之强赎风险阶段性回 落，偏股转债受益于平价和估值双击，涨幅明显好于大盘偏债转债。在经历强势修复后， 转债重回前期高点，主要表现为百元溢价率、转债价格中位数等均距离前期高点"一步之 遥"。但与 11 月上旬的修复行情相比，本轮表现较强的主要是偏股型高价转债，而 11 月 上旬则是偏债型低价转债较强，因此本轮强势修复后转债弹性要强于前期，虽然回撤会同 步放大， ...