每经AI快讯，久立特材发布公告称，2026年1月30日，久立特材接受长江证券等投资者调研，公司董事 长李郑周、董事会秘书寿昊添、证券事务代表姚慧莹参与接待，并回答了投资者提出的问题。 每经头条（nbdtoutiao）——核电建设热潮下，设备厂忙到"飞起"！订单已排至2028年，员工三班倒， 产线24小时不停 （记者 王晓波） ...

Core Viewpoint - The company emphasizes a dual approach of product structure adjustment and quality enhancement to drive high-quality development during the "14th Five-Year Plan" period [1] Group 1: Strategic Focus - The company identifies mergers and acquisitions as a core strategy for improving industry chain layout and achieving leapfrog development, focusing on high-quality targets in core business areas [1] - The company is simultaneously advancing its capability upgrades, accelerating smart manufacturing and digital transformation [1] Group 2: Market Positioning - The company is deepening its layout in deep processing fields such as plates, wires, and bars, prioritizing high value-added business segments to fully promote the self-control of high-end materials [1]

Market Overview - The special steel sector experienced a decline of 0.17% on January 30, with Fushun Special Steel leading the drop [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] Stock Performance - Notable stock performances include: - CITIC Special Steel (000708) closed at 16.42, up 3.27% with a trading volume of 326,800 shares and a turnover of 531 million yuan [1] - Fangda Special Steel (600507) closed at 6.48, up 1.09% with a trading volume of 760,700 shares and a turnover of 494 million yuan [1] - Fushun Special Steel (6652009) closed at 6.54, down 4.11% with a trading volume of 1,332,900 shares and a turnover of 867.1 million yuan [2] Capital Flow - The special steel sector saw a net outflow of 196 million yuan from institutional investors, while retail investors had a net inflow of 159 million yuan [2] - The capital flow for specific stocks includes: - Fangda Special Steel had a net inflow of 19.57 million yuan from institutional investors [3] - CITIC Special Steel experienced a net outflow of 21.09 million yuan from speculative funds [3] - Shagang Co. (002075) had a net outflow of 5.42 million yuan from institutional investors [3]

Group 1: Business Development - The company’s nuclear power products cover levels 1-3 and non-nuclear equipment, focusing on production, quality control, and delivery to enhance customer loyalty [2] - Continuous integration with EBK Company to enhance resource synergy, leading to efficient contract delivery and market channel expansion for composite pipes [2] - The alloy materials subsidiary emphasizes R&D innovation, establishing a comprehensive production control system to meet high-end market demands [2][3] Group 2: Future Development Plans - The company aims to adjust product structure and improve quality during the 14th Five-Year Plan, focusing on mergers and acquisitions to enhance industry chain layout and market channels [3] - Accelerating smart manufacturing and digital transformation to improve operational efficiency and quality control [3] - Expanding into deep processing fields such as plates, wires, and bars, while prioritizing high-value business segments to enhance core competitiveness and risk resistance [3]

Core Viewpoint - The article discusses the decline in China's welded steel pipe production, highlighting a significant decrease in output and providing insights into the industry's future outlook based on a report by Zhiyan Consulting [1]. Industry Summary - As of December 2025, China's welded steel pipe production reached 4.92 million tons, reflecting a year-on-year decrease of 10.1% [1]. - The cumulative production of welded steel pipes in China for the entire year of 2025 was 60.14 million tons, showing a slight decline of 0.8% compared to the previous year [1]. - The data indicates a downward trend in the welded steel pipe industry, which may impact related companies and investment opportunities [1]. Company Summary - The article lists several companies involved in the welded steel pipe sector, including Baosteel Co., Ltd. (600019), Xinxing Cathay International Group (000778), Changbao Steel Pipe (002478), Jiuli Special Materials (002318), Honglu Steel Structure (002541), Youfa Group (601686), CITIC Special Steel (000708), Jinzhu Pipeline (002443), and Yulong Co., Ltd. (601028) [1]. - These companies may face challenges due to the declining production figures and overall market conditions in the welded steel pipe industry [1]. Report Reference - The insights are derived from the "2026-2032 China Welded Steel Pipe Industry Development Model Analysis and Future Outlook Report" published by Zhiyan Consulting, which emphasizes the need for strategic planning in response to market changes [1].

Market Overview - The special steel sector experienced a decline of 0.39% on January 29, with Changbao Co. leading the drop [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Stock Performance - Notable stock performances in the special steel sector include: - CITIC Special Steel (000708) closed at 15.90, up 1.47% with a trading volume of 265,300 shares and a turnover of 419 million yuan [1] - Fangda Special Steel (600507) closed at 6.41, up 0.94% with a trading volume of 678,000 shares and a turnover of 439 million yuan [1] - Fushun Special Steel (600399) closed at 6.82, up 0.44% with a trading volume of 1,043,200 shares and a turnover of 721 million yuan [1] - Changbao Co. (002478) closed at 9.82, down 4.01% with a trading volume of 541,800 shares and a turnover of 546 million yuan [2] Capital Flow Analysis - The special steel sector saw a net outflow of 82.17 million yuan from institutional investors, while retail investors had a net inflow of 84.75 million yuan [2] - Detailed capital flow for selected stocks includes: - CITIC Special Steel had a net inflow of 47.09 million yuan from institutional investors [3] - Changbao Co. experienced a net outflow of 21.95 million yuan from institutional investors [3] - Retail investors contributed a net inflow of 50 million yuan to Changbao Co. [3]

Investment Rating - The report maintains a "Strong Buy" rating for the company [1] Core Views - The company is a key supplier of stainless steel armor for fusion magnets, with potential demand in emerging industries possibly underestimated [7] - The company has a competitive advantage in the superconducting magnet segment, particularly with its stainless steel armor products, which are essential components of superconducting magnet systems [6][8] - The report highlights the expected capital expenditure expansion cycle in the controlled nuclear fusion industry, which may lead to increased orders across the supply chain [34] Financial Summary - Projected total revenue (in million) for 2024A is 10,918, with a year-on-year growth of 27.4%. For 2025E, it is expected to be 11,795, with a growth of 8.0%. However, a decline of 8.7% is anticipated for 2026E, followed by a slight increase of 2.2% in 2027E [2] - The projected net profit attributable to shareholders (in million) for 2024A is 1,490, with a minimal growth of 0.1%. For 2025E, it is expected to be 1,540, with a growth of 3.3%. A decline of 12.7% is expected for 2026E, followed by a recovery of 16.3% in 2027E [2] - The target price range for the company is set between 40.0 and 48.0 yuan, indicating a potential upside of 13% to 35% from the current price of 35.43 yuan [2][9] Industry Analysis Controlled Nuclear Fusion Sector - The company’s stainless steel armor products are crucial for superconducting magnet systems, which are essential for the Tokamak devices, the leading technology in nuclear fusion [13][21] - The company has secured a significant project with the Chinese Academy of Sciences for stainless steel armor, valued at 58.168 million yuan, showcasing its strong supply capabilities [30] Nuclear Power Industry - The nuclear power sector in China is expected to see substantial growth, with projections indicating the need for 10 GW of new nuclear power installations annually from 2025 to 2030 [56] - The company is a key supplier of U-shaped pipes for third-generation nuclear power plants and is strategically positioned in the fourth-generation nuclear technology space [56][60] Aerospace Sector - The company has launched a production line for aerospace-grade pipes, establishing a first-mover advantage in the supply chain [8] Traditional Downstream Sector - The oil and gas industry shows long-term demand potential, with the company possessing advanced technology for nickel-based alloy oil well pipes [8]

（来源：中华工商时报） 区工商联聚焦新生代企业家在接班传承、资源对接以及企业经营中的痛点、难点精准发力，搭建服务平 台，为企业创新发展保驾护航。 转自：中华工商时报 南浔区工商联以系统培育为根基，以精准服务为抓手，强化作用发挥，锻造新生代企业家铁军队伍，为 区域经济高质量发展注入澎湃青春动能。 建强培育体系，筑牢成长根基 区工商联精准把握新生代企业家群体特征，构建全方位培育矩阵，助力新生代企业家明方向、补短板、 强本领。 常态化举办浔商大讲堂。2025年，区工商联组织新生代企业家围绕民营经济促进法等开展专题学习8 次。每年协助举办区委书记与青年企业家面对面专题活动2次，组织年轻一代企业家赴嘉兴南湖、西柏 坡等地开展主题教育。 联合高校制定长期培养计划。区工商联每年联合高校开设研修班、示范班，针对企业管理痛点，设置法 务合规、人工智能等实用课程。组织企业家赴比亚迪、吉利等领军企业实地研学，学习智能制造、产业 工人培育等先进经验。 强化组织建设。区工商联打造"浔商会客厅"主阵地，配强新生代企业家联谊会秘书处专职力量。构建多 层级评选激励体系，内部评选"年度优秀会员"，区级层面评选"新势力奖"先进个人，向上推荐参与 ...

Market Performance - The special steel sector increased by 1.53% on January 28, with Jiuli Special Materials leading the gains [1] - The Shanghai Composite Index closed at 4151.24, up 0.27%, while the Shenzhen Component Index closed at 14342.9, up 0.09% [1] Stock Performance - Jiuli Special Materials (002318) closed at 35.43, up 7.36% with a trading volume of 206,200 shares and a transaction value of 698 million [1] - Other notable performers include: - Taiyuan Iron & Steel (000825) at 5.52, up 2.99% [1] - Fangda Special Steel (600507) at 6.35, up 2.25% [1] - Xining Special Steel (600117) at 2.98, up 1.36% [1] - Conversely, Changbao Co. (002478) and Jinzou Pipeline (002443) saw declines of 0.87% and 1.11%, respectively [1] Capital Flow - The special steel sector experienced a net outflow of 23.98 million from institutional investors and 18.07 million from retail investors, while retail investors saw a net inflow of 42.05 million [2] - The detailed capital flow for individual stocks indicates that Jiuli Special Materials had a net inflow of 21.80 million from institutional investors [3] - Other stocks with significant net inflows include: - Taiyuan Iron & Steel with 14.52 million [3] - Fangda Special Steel with 12.80 million [3] - Notably, Xining Special Steel had a net inflow of 6.99 million from institutional investors [3]

1月27日，久立特材（002318）(002318.SZ)发布2026年员工持股计划(草案)。这也是公司继2025年第一 期员工持股计划完成非交易过户后，公司再次实施员工持股计划，此举成为久立特材践行"长期主义"激 励的重要形式，同时也对外向资本市场释放管理层看好公司长期价值的信号。 公告显示，2026年员工持股计划首次授予部分拟参加对象不超过60人(不包含预留人数)，认购总股数为 9,500,000股，占本次员工持股计划总股数的90.13%；预留股数1040,000股，占本次员工持股计划总股数 的9.87%。合计不超过10,540,000股(含预留份额)，占公司当前股本总额977,170,720股的1.08%。 本员工持股计划筹集资金总额不超过17,559.64万元，以"份"作为认购单位，每份份额为1.00元，本员工 持股计划的份数上限为17,559.64万份。持股计划的存续期为96个月，所获标的股票锁定为12个月。 公告称，本次员工持股计划参加对象为对公司整体业绩和中长期发展具有重要作用的公司核心人员，包 括董事、高级管理人员和其他核心人员。参加本员工持股计划的员工总人数不超过60人(不包含预留人 数)， ...