证券代码：603688 证券简称：石英股份 公告编号：临 2026-003 江苏太平洋石英股份有限公司 第六届董事会第二次会议决议公告 1 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）及指 定信息披露媒体的《江苏太平洋石英股份有限公司关于第四期员工持股计划存续 期展期的公告》。 （一）审议通过《关于第四期员工持股计划存续期展期的议案》 公司第四期员工持股计划的存续期将于 2026 年 02 月 15 日届满，基于对公 司长期发展的坚定信心，同时为了维护员工持股计划持有人的利益，根据《江苏 太平洋石英股份有限公司第四期员工持股计划（草案）》和公司 2023 年第一次 临时股东大会的授权，将本次员工持股计划存续期延长至 2027 年 02 月 15 日。 在存续期内，如本次员工持股计划所持公司股票全部出售，员工持股计划提前终 止；如延长期届满前仍未出售完毕，可在届满前再次召开持有人会议及董事会会 议，审议后续相关事宜。 本议案已经公司第六届董事会薪酬与考核委员会第一次会议审议通过，并同 意提交公司董事会审议。 董事刘明伟、赵仕江、张丽雯、李伟属于本次员工持股计划持有人，均回避 表决 ...

Group 1: Market Overview - The domestic market indices showed positive performance, with the Shanghai Composite Index closing at 4,165.29, up by 1.09% [4] - The SW textile and apparel sector rose by 2.65%, while the SW light industry manufacturing sector increased by 2.98%, indicating a general upward trend in the market [8] Group 2: Company Insights - Fast Retailing Group reported a revenue of 1,027.745 billion JPY for FY2026 Q1, a year-on-year increase of 14.8%, and raised its FY2026 revenue guidance to 3,800 billion JPY, up from the previous estimate of 3,570 billion JPY [6] - Ximai Foods achieved a revenue of 1.896 billion CNY in 2024, reflecting a year-on-year growth of 20.16%, and is positioned as the leading player in the oat industry in China [15][16] - Blue Sky Technology is expected to see revenues of 2.286 billion CNY in 2025, with a growth rate of 20.6%, driven by advancements in small nucleic acid technology [17] Group 3: Industry Trends - The solar energy sector experienced a decline in new installations, with a year-on-year decrease of 11.9% in November 2025, while the cumulative installed capacity for the year reached 274.89 GW, a 33.2% increase [11] - The retail sector is witnessing a shift towards community stores, as evidenced by Walmart's expansion in Shenzhen, indicating a competitive landscape in community retail [7] - The oat industry in China is projected to exceed 10 billion CNY in market size by 2024, driven by increasing health consciousness among consumers [15]

Core Viewpoint - The non-metal materials sector experienced a slight increase of 0.09% on January 12, with Changjiang Materials leading the gains. The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1]. Group 1: Stock Performance - Changjiang Materials (001296) closed at 29.29, with a rise of 3.68% and a trading volume of 157,300 shares, amounting to a transaction value of 458 million yuan [1]. - Dongfang Suosuo (920175) closed at 12.20, increasing by 3.39% with a trading volume of 37,000 shares, totaling 44.41 million yuan [1]. - Tianma New Materials (920971) closed at 32.97, up 2.71% with a trading volume of 45,200 shares, resulting in a transaction value of 146 million yuan [1]. - Other notable stocks include Ningxin New Materials (920719) at 13.65 (+2.32%), Qilu Huaxin (920832) at 7.77 (+2.24%), and Kuncai Technology (603826) at 17.77 (+2.07%) [1]. Group 2: Capital Flow - The non-metal materials sector saw a net outflow of 147 million yuan from institutional investors, while retail investors contributed a net inflow of 126 million yuan [2]. - The capital flow data indicates that Longgao Co. (605086) had a net outflow of 26.79 million yuan from institutional investors, while retail investors contributed a net inflow of 26.81 million yuan [3]. - Changjiang Materials (001296) experienced a net inflow of 14.46 million yuan from institutional investors, with a net outflow of 19.11 million yuan from retail investors [3].

Investment Rating - The report maintains a "Buy" rating for several companies, including Aishuo Co., Ltd. (600732.SH), Daqian Energy (688303.SH), Haibo Sichuang (688411.SH), Sungrow Power Supply (300274.SZ), Flat Glass Group (601865.SH), Longxin Group (300682.SZ), and Quartz Co., Ltd. (603688.SH) [2] Core Insights - The solar industry has experienced a decline in new installations, with November 2025 seeing a 11.9% year-on-year decrease, totaling 22.0 GW. However, the cumulative new installations from January to November 2025 reached 274.89 GW, reflecting a 33.2% increase year-on-year [3][13] - Solar module exports in November 2025 amounted to 171.4 billion yuan, marking a 33.9% year-on-year increase and a 6.6% month-on-month increase. The cumulative export value from January to November 2025 was 1854.0 billion yuan, down 9.0% year-on-year [4][16] - Inverter exports also showed positive growth, with November 2025 exports reaching 54.5 billion yuan, a 25.6% year-on-year increase and a 13.0% month-on-month increase. The cumulative export value for inverters from January to November 2025 was 587.5 billion yuan, up 8.7% year-on-year [4][28] - Solar power generation in November 2025 increased by 23.4% year-on-year, contributing to 5.29% of the total national power generation, which was 7792 billion kWh, a 2.7% increase year-on-year [5][41] Summary by Sections New Installations - November 2025 saw a domestic solar installation of 22.0 GW, down 11.9% year-on-year but up 74.8% month-on-month. Cumulative installations for the year reached 274.89 GW, up 33.2% year-on-year [3][13] Exports - Solar module exports in November 2025 were 171.4 billion yuan, up 33.9% year-on-year and 6.6% month-on-month. Cumulative exports for the year were 1854.0 billion yuan, down 9.0% year-on-year [4][16] - Inverter exports reached 54.5 billion yuan in November 2025, a 25.6% year-on-year increase and a 13.0% month-on-month increase. Cumulative exports for the year were 587.5 billion yuan, up 8.7% year-on-year [4][28] Power Generation - Solar power generation in November 2025 was 412.2 billion kWh, reflecting a 23.4% year-on-year increase and accounting for 5.29% of total national power generation [5][41] Investment Recommendations - The report recommends focusing on companies such as Aishuo Co., Ltd. for new technology, Daqian Energy and Flat Glass Group for supply-side initiatives, Haibo Sichuang and Sungrow Power Supply for energy storage, Longxin Group for market-oriented strategies, and Quartz Co., Ltd. for domestic substitution [5][46]

Group 1 - The Ministry of Industry and Information Technology, along with other regulatory bodies, held a meeting to discuss the regulation of the power and energy storage battery industry, involving 16 companies including major players like CATL and BYD [1] - The meeting aimed to address and mitigate irrational competition within the battery sector, highlighting the need for industry self-discipline [3] Group 2 - Emmanuel Faber, the ISSB Chair, welcomed the release of the "Corporate Sustainable Disclosure Standards No. 1 - Climate (Trial)" by the Chinese Ministry of Finance and ten other ministries, marking a significant step towards enhancing global comparability in ESG disclosures [2] - The Hong Kong Accounting and Financial Reporting Council has introduced a consultation document for a sustainable information assurance framework, indicating a move towards standardized and regulated sustainability disclosures in Hong Kong [4] Group 3 - Long-term implications for airlines are highlighted as EVA Air faces scrutiny after an incident involving a physical altercation between the captain and co-pilot during taxiing, leading to an internal investigation and the suspension of the captain [5] - Quartz Co., a subsidiary of Quartz Holdings, was fined 2.7 million RMB for violating trade secrets, which may impact its operational integrity and market position [6] Group 4 - The China Securities Association has issued a warning regarding the lack of effective management mechanisms in certain brokerage firms, which could lead to penalties in future evaluations [7] - Estée Lauder reported that two-thirds of its management positions are held by women, reflecting the company's commitment to diversity and inclusion within its workforce [8]

数据来源：国家统计局，智研咨询整理 上市公司：常铝股份（002160），亚太科技（002540），银邦股份（300337），东华能源（002221）， 宝利国际（300135），特瑞斯（834014），石英股份（603688），联瑞新材（688300），味知香 （605089），维维股份（600300），华源控股（002787），沪江材料（870204），佳合科技 （872392），永悦科技（603879），兴业股份（603928），无锡鼎邦（872931），亚星客车 （600213），宁沪高速（600377） 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。 2016-2025年1-11月江苏省工业企业数统计图 相关报告：智研咨询发布的《2026-2032年中国工业云行业市场深度评估及投资机会预测报告》 2025年1-11月，江苏省工业企业数（以下数据涉及的工业企业，均为规模以上工业企业，从2011年起， ...

Core Viewpoint - The non-metal materials sector experienced a 1.2% increase on January 9, with Changjiang Materials leading the gains, while the Shanghai Composite Index rose by 0.92% and the Shenzhen Component Index increased by 1.15% [1] Group 1: Market Performance - The non-metal materials sector saw a closing price increase, with Changjiang Materials closing at 28.25, up by 5.02% [1] - The sector's trading volume was significant, with Changjiang Materials recording 146,600 shares traded and a transaction value of 412 million yuan [1] - Other notable performers included Suotong Development, which closed at 26.42, up by 2.92%, and Lianrui New Materials, which closed at 64.05, up by 1.30% [1] Group 2: Capital Flow - The non-metal materials sector had a net inflow of 19.07 million yuan from institutional investors, while retail investors contributed a net inflow of 40.74 million yuan [1] - Notably, Lianrui New Materials had a net inflow of 11.17 million yuan from institutional investors, despite a net outflow of 23.24 million yuan from speculative funds [2] - Changjiang Materials experienced a net outflow of 5.81 million yuan from institutional investors, but had a net inflow of 14.06 million yuan from speculative funds [2]

Core Viewpoint - Quartz Co., Ltd. has shown a significant increase in stock price and trading volume, indicating positive market sentiment despite a decline in revenue and profit for the year [1][2]. Group 1: Stock Performance - On January 9, Quartz Co., Ltd. saw a stock price increase of 2.04%, reaching 40.07 CNY per share, with a trading volume of 293 million CNY and a turnover rate of 1.36%, resulting in a total market capitalization of 21.705 billion CNY [1]. - Year-to-date, the stock price has risen by 9.54%, with a 9.54% increase over the last five trading days, an 8.01% increase over the last 20 days, and a 4.16% decrease over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Quartz Co., Ltd. reported a revenue of 753 million CNY, a year-on-year decrease of 24.46%, and a net profit attributable to shareholders of 135 million CNY, down 56.81% year-on-year [2]. - Since its A-share listing, the company has distributed a total of 3.374 billion CNY in dividends, with 2.945 billion CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Quartz Co., Ltd. was 55,200, a decrease of 13.28% from the previous period, with an average of 9,813 circulating shares per person, an increase of 15.32% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 11.6441 million shares, an increase of 3.6438 million shares from the previous period, and several new institutional investors have entered the top ten [3].

证券之星消息，1月8日非金属材料板块较上一交易日下跌0.31%，联瑞新材领跌。当日上证指数报收于 4082.98，下跌0.07%。深证成指报收于13959.48，下跌0.51%。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) | | | --- | --- | --- | --- | --- | --- | --- | --- | | 605086 | 龙高股份 | 48.88 | 9.99% | | 6.11万 | | 2.86亿 | | 001296 | 长江材料 | 26.90 | 2.44% | | 5.47万 | 1.45亿 | | | 301071 | 力量钻石 | 37.90 | 1.88% | | 15.42万 | | 5.88 (Z | | 920675 | 秉扬科技 | 10.35 | 0.88% | | 1.58万 | 1628.08万 | | | 920175 | 东方恢袁 | 11.77 | 0.77% | | 1.72万 | 2005.15万 | | | 920971 | 天马新材 | 32.00 | 0.60% ...

Market Trends - The domestic market indices showed slight fluctuations, with the Shanghai Composite Index closing at 4,085.77, up by 0.05%, while the CSI 300 Index fell by 0.29% to 4,776.67 [4]. Industry Commentary: Communication - The communication industry outperformed in 2025, with a cumulative increase of 84.8%, ranking second among major sectors. Key segments included optical modules, liquid cooling, optical fibers, and satellite communications, with respective increases of 357.2%, 221.4%, 188.9%, and 160.2% [6]. - For 2026, the focus will be on overseas optical communications, domestic computing power, and commercial aerospace, which are expected to present high-low trading opportunities driven by event catalysts [6]. - The demand for 800G optical modules is projected to reach approximately 45 million units in 2026, doubling from 2025, with significant contributions from NV and ASIC [6]. Industry Commentary: Coal - The coal industry is expected to reverse the trend of internal competition, with a focus on controlling supply and improving profitability. The anticipated coal price for 2026 is around 720 RMB/ton, maintaining a tight balance [10]. - The report suggests that the "反内卷" (anti-involution) strategy will help stabilize coal prices and improve profitability, with a projected recovery in performance for the fourth quarter [10]. Industry Commentary: Photovoltaics - The price of polysilicon has increased, with average prices for dense materials rising to 54.0 RMB/kg, a 3.8% increase from the previous week. The total production of polysilicon in 2025 is estimated at 131.9 million tons, a decrease of 28.4% year-on-year [12]. - The average price of N-type battery cells has risen by 2.6% to 0.39 RMB/W, reflecting a response to inventory pressures and demand softness [14]. - The report highlights key companies to watch in the photovoltaic sector, including 隆基绿能 (LONGi Green Energy) and 晶澳科技 (JA Solar Technology) [14].