据了解，浙江诺亚作为国家级专精特新重点"小巨人"企业和国家级高新技术企业，长期专注于含氟电子 化学品的研发与生产，产品覆盖液冷氟化液、电子清洗剂、高效环保灭火剂及含氟锂电材料等高端领 域，客户涵盖数据中心、半导体、新能源等领域。 金石资源作为国内萤石资源储量最大的上市公司，掌握着氟化工产业链的源头——萤石矿产，其开采能 力与资源储备在国内首屈一指。此次战略合作，双方实现了"资源端+技术端"的强强联合。 近日，浙江诺亚氟化工有限公司迎来重要战略伙伴——国内萤石资源龙头企业金石资源（603505），成 为公司第二大股东。此次合作基于双方在氟化工产业链上的高度互补，旨在加强资源整合、提升协同效 率，共同推动双方业务的新发展。 公告显示，金石资源成立于2001年，是中国萤石资源储量最大、开采与加工能力最强的行业龙头企业， 也是国内首家以萤石为主营业务的A股上市公司。公司长期专注于萤石矿产资源的勘探、开采、选矿及 深加工业务，拥有遍布浙江、内蒙古、江西等多地的优质矿山资源，萤石保有资源量和年产能均位居全 国前列。 业内人士表示，当前在环保政策持续收紧、萤石资源管控加强的背景下，氟化工行业正加速向"资源 +技术"双轮驱动 ...

（编辑 袁冠琳） 证券日报网讯 1月26日，金石资源在互动平台回答投资者提问时表示，上市公司股价的短期波动受宏观 经济、市场情绪、资金偏好及公司具体经营情况等多重因素综合影响，同一产业链内不同环节的企业的 市场表现也常存在差异。 ...

证券日报网讯1月26日，金石资源（603505）在互动平台回答投资者提问时表示，相较于关注某个时点 的资金进出，公司更着眼于长期基本面的夯实与内在价值的提升。 ...

三大主题分享探讨合规路径 下午的学习交流环节，峰会设置了三个专业主题分享，从不同维度探讨合规治理的实践路径。 2026年1月22日，董秘学苑联合法律高级管理人士联合荟(GCπ)、财闻传媒等机构在杭州举办"2026资本 运作与合规治理杭州峰会"。本次峰会以"百舸争流千帆竞发"为主题，吸引超260位上市公司实控人、董 秘、法务负责人等参与，共同探讨AI时代上市公司合规治理与出海发展新路径。 董秘学苑执行董事杨小飞在致辞中表示，从2016年到2026年，董秘学苑已发展成为连接上市公司董秘圈 层的重要平台之一。他指出，当前市场环境、监管体系和社会预期发生深刻变化，合规治理不再仅是部 门专业问题，而是企业整体治理能力与风险意识的集中体现。"合规不是事后纠偏工具，而是前置制度 安排；不是被动风险防御，而是主动治理选择。" 新时代企业声誉风险管理经验分享环节，专家指出，在社交媒体时代，企业声誉风险呈现爆发快、传播 广、影响深的新特点。必须建立全方位的监测体系和快速响应机制，将声誉风险管理纳入日常治理体 系。 上市公司证券处罚与应对专题中，法律专家通过具体案例，详细解析了证券违法违规行为的认定标准、 处罚幅度以及申辩救济途径 ...

Investment Rating - The report maintains a "Strong Outperform" rating for the oil and petrochemical sector [1]. Core Insights - Kazakhstan's two major oil fields have halted production, causing supply disruptions that have boosted oil prices. WTI crude futures rose by 3.11% and Brent crude futures increased by 3.16% during the period from January 16 to January 23, 2026 [6]. - Geopolitical tensions, particularly between the US and Europe regarding Greenland, and uncertainties in the Middle East, particularly concerning Iran, continue to pose risks to the oil market [6]. - The supply constraints in the fluorochemical sector, combined with favorable demand driven by policy support, are expected to sustain high levels of market activity [6]. Summary by Sections Oil and Petrochemicals - Kazakhstan's oil fields "Tengiz" and "Korolev" have suspended production due to issues with the power distribution system, potentially lasting 7 to 10 days, which will reduce exports through the Caspian Pipeline Consortium (CPC) [6]. - The report highlights the need for vigilance regarding the geopolitical situation in the Middle East, with the US increasing military presence while also delaying military actions against Iran [6]. - Domestic oil companies are diversifying their oil and gas sources and investing in offshore resources to reduce dependence on foreign energy [7]. Fluorochemicals - The issuance of HFC production quotas for 2026 has increased by 5,963 tons year-on-year, with specific increases for HFC-134a, HFC-245fa, and HFC-32 [6]. - The demand for refrigerants is expected to grow due to government subsidies and the ongoing recovery in the home appliance and automotive sectors [6]. - The report suggests focusing on leading companies in the production of third-generation refrigerants and upstream fluorite resources [7]. Semiconductor Materials - The semiconductor inventory reduction trend is improving, and the basic fundamentals are gradually recovering, indicating potential for further upward movement in the sector [7]. - The report recommends attention to companies involved in semiconductor materials, particularly those benefiting from domestic substitution trends [7].

Investment Rating - The report maintains a strong rating for the chemical industry, indicating a positive outlook for the sector [5]. Core Insights - The chemical sector has shown resilience with the CITIC Basic Chemical Index rising by 5.73% and the Shenwan Chemical Index increasing by 7.29% this week [13][16]. - Key sub-industries such as soda ash, chlor-alkali, and dyeing chemicals have experienced significant price increases, with soda ash rising by 13.3% [16]. - The report highlights the competitive strength of domestic tire manufacturers and suggests focusing on companies like Sailun Tire and Linglong Tire as potential growth opportunities [4]. - The polyurethane project by Huide Technology, with an annual production capacity of 600,000 tons, has commenced, indicating strategic growth in the new materials sector [3]. - The report emphasizes the tightening supply-demand dynamics in the phosphate chemical sector due to environmental regulations and increasing demand from the new energy sector [4]. Summary by Sections Market Overview - The Shanghai Composite Index increased by 0.84%, while the ChiNext Index decreased by 0.34% [13]. - The overall performance of the chemical sector is positive, with notable gains in various sub-industries [16]. Key Sub-Industry Developments - **Polyurethane**: The price of pure MDI in East China is reported at 17,600 RMB/ton, showing a week-on-week decline of 1.12% [28]. - **Tires**: The operating load for all-steel tires in Shandong is at 62.70%, reflecting a year-on-year increase of 20.70% [49]. - **Fertilizers**: Urea prices are at 1,757.45 RMB/ton, with a week-on-week decrease of 0.4% [63]. - **Vitamins**: The price of Vitamin A is reported at 61.5 RMB/kg, down 1.6% week-on-week [79]. Investment Themes - **Tire Sector**: Domestic tire companies are positioned strongly, with a focus on growth stocks [4]. - **Consumer Electronics**: Recovery in demand is anticipated, benefiting upstream material companies [4]. - **Phosphate Chemicals**: Supply constraints due to environmental policies are expected to tighten the market [4]. - **Vitamin Supply**: Supply disruptions in Vitamin A and E are noted, creating potential investment opportunities [4].

证券日报网1月23日讯，金石资源（603505）在接受调研者提问时表示，氢氟醚系列是诺亚在中高端清 洗领域的重要产品线，已开发十余种纯品及配方产品，这些产品均可作为3M同类清洗剂的有效替代， 广泛应用于精密光学、面板、半导体、医疗器材制造和汽车领域的清洗与冷却。诺亚产品的优势是，在 保持价格竞争力的同时，具备更优的技术含量与性能表现，尤其在材料稳定性与清洗效能方面具有明显 优势，构建了较高的技术壁垒。 ...

Core Viewpoint - Jinshi Resources (603505) highlights the four main technical routes of fluorinated liquids, which include perfluoroamines, perfluoropolyethers, perfluoroolefins, and hydrofluoroethers, each with distinct characteristics in terms of environmental impact, process costs, and applicable scenarios [1] Group 1: Technical Routes - Perfluoroamines, represented by 3M, have excellent heat dissipation performance but are associated with high pollution and energy consumption due to their electrochemical fluorination production process, resulting in a high global warming potential (GWP) and elevated costs [1] - Perfluoropolyethers, primarily produced by European companies like Solvay, offer good heat dissipation performance, but some products have a GWP even higher than perfluoroamines, along with relatively high costs [1] - Perfluoroolefins, proposed by companies like Noah, have the lowest GWP and outstanding environmental properties, along with good heat dissipation performance; their production process is advantageous, making them the most cost-effective among the products, currently mainly used in temperature control and cleaning in semiconductor and data center applications [1] - Hydrofluoroethers are suitable for non-contact liquid cooling scenarios, providing good heat dissipation performance, but they have a higher dielectric constant [1]

Core Viewpoint - The company Jinshi Resources (603505) is currently experiencing a clear growth trend in its production capacity and order fulfillment, particularly in the cooling liquid segment, which is expected to reach full capacity by the fourth quarter of 2025 [1]. Group 1: Production Capacity - The company's total production capacity is nearly 20,000 tons, with a specific cooling liquid capacity of 5,000 tons per year [1]. - The production bases are located in Zhejiang Shengxiu and Hubei Qianjiang [1]. Group 2: Product Focus - The hydrogen fluoride ether products are primarily situated in Hubei Qianjiang and are currently in a capacity ramp-up phase [1]. - Orders for the hydrogen fluoride ether products have already been fully booked for the fourth quarter of 2025, indicating a strong demand and growth trajectory [1].

证券日报网1月23日讯，金石资源（603505）在接受调研者提问时表示，单一萤石矿山是公司的基本 盘，目前整体运作正常。公司位于国内的单一萤石矿山去年产量是在40多万吨，成本情况得到一定控 制，萤石精粉价格近期稳定在3300-3450元/吨(含税)的区间。2026年，随着翔振矿业的技改完成，预计 产量会略有提升。 ...