上市公司：长江材料（001296），力量钻石（301071），索通发展（603612），石英股份（603688）， 坤彩科技（603826），龙高股份（605086），联瑞新材（688300），齐鲁华信（830832），秉扬科技 （836675），天马新材（838971），东方碳素（832175），宁新新材（839719） 2016-2025年1-8月非金属矿采选业企业数统计图 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 相关报告：智研咨询发布的《2026-2032年中国黑色金属矿采选业行业市场全景调查及投资前景预测报 告》 2025年1-8月，非金属矿采选业企业数（以下数据涉及的企业，均为规模以上工业企业，从2011年起， 规模以上工业企业起点标准由原来的年主营业务收入500万元提高到年主营业务收入2000万元）为4008 个，和上年同期相比，减少了49个，同比下 ...

Market Overview - The non-metal materials sector experienced a decline of 4.54% on October 17, with Tianma New Materials leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Individual Stock Performance - Tianma New Materials (code: 920971) closed at 36.72, down 9.11% with a trading volume of 56,700 shares and a transaction value of 219 million [1] - Strength Diamond (code: 301071) closed at 40.62, down 7.58% with a trading volume of 263,700 shares and a transaction value of 1.086 billion [1] - Quartz Shares (code: 603688) closed at 38.21, down 7.05% with a trading volume of 199,300 shares and a transaction value of 779 million [1] - Other notable declines include Lianrui New Materials (down 5.62%), Ningxin New Materials (down 3.15%), and Changjiang Materials (down 2.11%) [1] Capital Flow Analysis - The non-metal materials sector saw a net outflow of 225 million from main funds, while retail investors contributed a net inflow of 188 million [1] - The capital flow for individual stocks indicates that Longgao Co. (code: 605086) had a main fund net inflow of 7.38 million, while other stocks like Strength Diamond and Quartz Shares experienced significant net outflows of 56.80 million and 87.06 million respectively [2]

Core Viewpoint - On October 17, Lianrui New Materials experienced a decline of 5.06%, trading at 53.88 CNY per share, with a transaction volume of 214 million CNY and a turnover rate of 1.62%, resulting in a total market capitalization of 13.01 billion CNY [1] Company Overview - Jiangsu Lianrui New Materials Co., Ltd. is located in Lianyungang City, Jiangsu Province, established on April 28, 2002, and listed on November 15, 2019. The company specializes in the research, manufacturing, and sales of inorganic fillers and granular carrier products [1] - The revenue composition of the main business includes spherical inorganic powder (57.16%), angular inorganic powder (26.39%), and other products (16.32%) [1] Shareholder Analysis - Noan Fund's Noan Pioneer Mixed A (320003) is among the top ten circulating shareholders of Lianrui New Materials, having entered the list in the second quarter with 1.4602 million shares, representing 0.6% of circulating shares. The estimated floating loss today is approximately 4.1908 million CNY [2] - Noan Pioneer Mixed A (320003) was established on December 19, 2005, with a latest scale of 3.84 billion CNY. Year-to-date returns are 35.18%, ranking 2130 out of 8160 in its category, while the one-year return is 45.87%, ranking 1490 out of 8021. Since inception, the return is 1143.04% [2] Fund Performance - The fund manager of Noan Pioneer Mixed A (320003) is Yang Gu, who has a cumulative tenure of 19 years and 243 days, managing assets totaling 5.133 billion CNY. The best fund return during his tenure is 1094.81%, while the worst is 8.34% [3] - Noan Research Preferred Mixed A (008185) holds Lianrui New Materials as a significant position, with 77,800 shares, accounting for 4.89% of the fund's net value. The estimated floating loss today is about 223,200 CNY [4] - Noan Research Preferred Mixed A (008185) was established on May 9, 2020, with a latest scale of 71.2857 million CNY. Year-to-date returns are 78.82%, ranking 137 out of 8160, while the one-year return is 65.03%, ranking 527 out of 8021. Since inception, the return is 32.72% [4] Fund Manager Profile - The fund manager of Noan Research Preferred Mixed A (008185) is Deng Xinyi, with a cumulative tenure of 3 years and 105 days, managing assets totaling 2.009 billion CNY. The best fund return during her tenure is 53.61%, while the worst is -16% [5]

Group 1 - The core point of the news is that Lianrui New Materials experienced a decline of 5.06% in stock price, reaching 53.88 CNY per share, with a trading volume of 214 million CNY and a turnover rate of 1.62%, resulting in a total market capitalization of 13.01 billion CNY [1] - Lianrui New Materials, established on April 28, 2002, and listed on November 15, 2019, is located in Lianyungang City, Jiangsu Province. The company specializes in the research, manufacturing, and sales of inorganic fillers and granular carrier products [1] - The revenue composition of Lianrui New Materials includes spherical inorganic powder at 57.16%, angular inorganic powder at 26.39%, and other products at 16.32%, with a minor contribution of 0.12% from supplementary products [1] Group 2 - From the perspective of major fund holdings, Lianrui New Materials is a significant investment for Changsheng Fund, with its Changsheng Transformation Upgrade Mixed Fund (001197) holding 97,000 shares, accounting for 2.36% of the fund's net value, ranking as the tenth largest holding [2] - The Changsheng Transformation Upgrade Mixed Fund (001197) was established on April 21, 2015, with a current scale of 192 million CNY. Year-to-date returns are at 20.88%, ranking 4231 out of 8160 in its category, while the one-year return is 15.32%, ranking 5165 out of 8021. Since inception, the fund has experienced a loss of 17.2% [2]

Core Insights - The non-metal materials sector experienced a slight increase of 0.17% on October 16, with Strength Diamond leading the gains [1] - The Shanghai Composite Index closed at 3916.23, up 0.1%, while the Shenzhen Component Index closed at 13086.41, down 0.25% [1] Sector Performance - Strength Diamond (301071) saw a closing price of 43.95, with a significant increase of 7.27% and a trading volume of 368,600 shares, amounting to a transaction value of 1.558 billion [1] - Other notable performers included Tianma New Materials (920971) with a 2.07% increase, and Suotong Development (603612) with a 1.79% increase [1] - Conversely, Longgao Co. (605086) and Jiangsu Changjiang Materials (001296) experienced declines of 2.42% and 2.15%, respectively [1] Capital Flow - The non-metal materials sector saw a net inflow of 95.9941 million in main funds, while retail funds experienced a net outflow of 76.1369 million [2][3] - Strength Diamond led the main fund inflow with 65.4779 million, while retail investors withdrew 63.7005 million [3] - Suotong Development also attracted significant main fund inflow of 40.6739 million, despite a retail outflow of 25.8334 million [3]

Market Overview - On October 15, the non-metal materials sector increased by 0.5% compared to the previous trading day, with Suotong Development leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance - Suotong Development (603612) closed at 25.09, up 3.46% with a trading volume of 154,300 shares and a transaction value of 382 million [1] - Other notable stocks include: - Dongfang Shuosuo (920175) at 12.86, up 2.06% [1] - Bingyang Technology (920675) at 11.24, up 1.90% [1] - Changjiang Materials (001296) at 23.28, up 1.39% [1] - Tianma New Materials (920971) at 39.58, up 1.20% [1] - Lianrui New Materials (688300) at 56.90, up 0.99% [1] Capital Flow - The non-metal materials sector experienced a net outflow of 178 million from institutional investors, while retail investors saw a net inflow of 115 million [2] - The capital flow for individual stocks shows: - Kuncai Technology (603826) had a net inflow of 160.53 million from retail investors [3] - Lianrui New Materials (688300) had a net outflow of 46.39 million from institutional investors [3] - Suotong Development (603612) had a net outflow of 258.89 million from institutional investors [3]

Core Insights - The report highlights a positive performance in the basic chemical industry, with the Shanghai and Shenzhen 300 Index declining by 0.51%, while the Shenwan Oil and Petrochemical Index increased by 2.99%, outperforming the market by 3.50 percentage points [1][2] - The basic chemical index rose by 1.99%, also outperforming the market by 2.50 percentage points, ranking 5th and 8th among all Shenwan first-level industries respectively [1][2] - Key sub-sectors showing significant gains include phosphate fertilizers and phosphate chemicals (6.26%), titanium dioxide (4.23%), and oil and petrochemical trading (4.23%) [1][2] Industry Data Tracking - The report notes that the National Development and Reform Commission and the State Administration for Market Regulation have issued guidelines to address price disorder and maintain fair market competition [2] - Price tracking indicates that NYMEX natural gas saw a price increase of 10.88%, while dichloromethane experienced a decline of 3.44% [2] Investment Recommendations - The supply side is expected to undergo structural optimization, with a focus on sectors with elastic supply and competitive advantages [3][4] - The report suggests monitoring sectors like organic silicon, membrane materials, and dyeing, as well as leading companies such as Hoshine Silicon Industry and Zhejiang Longsheng [3][4] - New consumption trends and technological advancements are anticipated to drive demand for health additives and food additives, with companies like Bailong Chuangyuan and Jinhwa Industrial being highlighted [4]

Investment Rating - The report rates the industry as "Overweight" [1] Core Insights - The supply side is expected to undergo structural optimization, with a focus on selecting elastic and advantageous sectors. Domestic policies frequently emphasize supply-side requirements, while rising raw material costs and capacity shocks in Asia have led to shutdowns and capacity exits among European and American chemical companies. In the short term, geopolitical tensions have increased uncertainty in overseas chemical supply, but in the long term, China's chemical industry chain has a clear competitive advantage, rapidly filling gaps in the international supply chain and potentially reshaping the global chemical industry landscape [4][13] Summary by Sections Investment Recommendations - Focus on sectors with significant supply elasticity such as organic silicon, membrane materials, chlorine-alkali, and dyes, with key companies including Hoshine Silicon Industry, Xingfa Group, Dongcai Technology, Junzheng Group, Zhejiang Longsheng, and Runtu Co. Additionally, pay attention to relatively advantageous products or leading companies in sectors with weaker supply-demand dynamics, such as coal chemical leader Baofeng Energy, fluorochemical refrigerants related to leading company Juhua Co., and pesticide sector leaders like Yangnong Chemical, Guangxin Co., Runfeng Co., and Jiangshan Co. [4][13] Industry News and Policy Signals - On September 28, the National Development and Reform Commission and the State Administration for Market Regulation issued an announcement aimed at curbing price disorder and maintaining a good market price order. This includes measures such as assessing industry average costs, providing pricing references, enhancing price supervision, and standardizing bidding behaviors to guide operators in maintaining fair competition in the industry [12] Market Performance - For the week of October 9-10, 2025, the CSI 300 index fell by 0.51%, while the Shenwan Petroleum and Petrochemical Index rose by 2.99%, outperforming the market by 3.50 percentage points. The Shenwan Basic Chemical Index increased by 1.99%, outperforming the market by 2.50 percentage points, ranking 5th among all Shenwan first-level industries [15][17] Price Trends - The top price increases for the week of October 6-10, 2025, included NYMEX natural gas at 10.88%, anhydrous hydrofluoric acid in Jiangsu at 8.49%, and East China fluorite powder at 6.94%. Conversely, the largest price declines were seen in dichloromethane in Jiangsu at -3.44% and polyester industrial yarn at -2.30% [27][28]

Market Overview - The non-metal materials sector experienced a decline of 1.76% on October 14, with Lianrui New Materials leading the drop [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] Stock Performance - Notable stock movements included: - Liliang Diamond (301071) rose by 14.97% to a closing price of 41.10, with a trading volume of 461,500 shares and a transaction value of 1.837 billion [1] - Lianrui New Materials (688300) fell by 6.89% to a closing price of 56.34, with a trading volume of 84,000 shares and a transaction value of 492 million [2] - Other stocks such as KunCai Technology (603826) and Longgao Co. (605086) saw minor declines of 0.69% and 0.91%, respectively [1][2] Capital Flow - The non-metal materials sector saw a net outflow of 14.67 million from institutional investors and 4.07 million from retail investors, while retail investors had a net inflow of 18.73 million [2] - Specific stock capital flows included: - Liliang Diamond had a net inflow of 192 million from institutional investors, while it faced a net outflow of 92.59 million from speculative funds [3] - Lianrui New Materials experienced a significant net outflow of 81.19 million from institutional investors [3]

Investment Rating - The report maintains an "Outperform" rating for the oil and petrochemical sector [1]. Core Views - The Israeli government's approval of the Gaza ceasefire agreement has led to a continued decline in oil prices, with WTI crude futures dropping by 4.15% and Brent crude by 3.53% during the specified period [6]. - Geopolitical tensions remain, particularly with the U.S. halting diplomatic engagement with Venezuela and potential military escalations, which could disrupt Venezuelan oil supplies [6]. - OPEC+ plans a cautious production increase of 137,000 barrels per day in November 2025, but Russia advocates for maintaining current production levels to avoid downward pressure on oil prices [6]. - The EIA has raised its short-term price forecasts for WTI to $65 per barrel and Brent to $68.64 per barrel, while also slightly increasing U.S. oil production expectations to 13.53 million barrels per day [6]. - The report highlights a tightening supply in the fluorochemical sector, with prices for popular refrigerants like R32 and R134a remaining stable at high levels due to production constraints and increasing demand from the air conditioning and automotive sectors [6]. Summary by Sections Oil and Petrochemicals - The report discusses the impact of geopolitical events on oil prices, noting a significant drop in both WTI and Brent crude prices following the ceasefire agreement [6]. - It tracks OPEC+ production strategies and U.S. oil production forecasts, indicating a cautious approach to increasing supply amidst fluctuating demand [6][7]. Fluorochemicals - The fluorochemical market is experiencing a tight supply for popular refrigerants, with stable high prices due to production limitations and recovering demand in the domestic market [6]. - The report notes a projected increase in production for household air conditioners and automotive refrigerants, driven by government incentives [6]. Investment Recommendations - The report suggests focusing on the oil and petrochemical sector, particularly on companies with resilient earnings such as China National Petroleum, Sinopec, and CNOOC [7]. - In the fluorochemical sector, it recommends companies leading in third-generation refrigerant production and upstream fluorite resources [7]. - The semiconductor materials sector is also highlighted, with a positive outlook due to inventory reduction trends and domestic substitution [7].