证券代码：300226 证券简称：上海钢联 公告编号：2026-004 特此公告。 上海钢联电子商务股份有限公司 董事会 上海钢联电子商务股份有限公司 关于高级管理人员辞职的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和 完整，没有虚假记载、误导性陈述或重大遗漏。 上海钢联电子商务股份有限公司（以下简称"公司"）于近日收到公司副总经 理张王军先生的书面辞职报告，张王军先生因个人原因，申请辞去公司副总经理 职务，辞职后将不再担任公司任何职务。张王军先生原定任期至第六届董事会届 满之日止，根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市 公司自律监管指引第 2 号——创业板上市公司规范运作》等相关规定，张王军先 生的辞职报告自送达公司董事会之日起生效。 截至本公告日，张王军先生持有公司股份 158,861 股，占公司总股本的 0.05%。 张王军先生辞职后，将继续遵守《上市公司董事和高级管理人员所持本公司股份 及其变动管理规则》《深圳证券交易所上市公司自律监管指引第 18 号——股东 及董事、高级管理人员减持股份》等法律法规及规范性文件的规定及相关股份减 持承诺。 张王军先生辞任公司副总经 ...

Core Insights - The article introduces the "aβγδ economic power structure" model to analyze the economic dynamics of Shanghai and Hong Kong, focusing on their unique growth drivers and innovation paths in the context of digital economy [1] Group 1: α - Development Power Structure - Shanghai operates as a "scale application engine" driven by national strategy, characterized by comprehensive factor aggregation and large-scale application [3] - Hong Kong functions as a "high-value hub engine," emphasizing capital and information density, high-end services, and networked nodes [5] Group 2: β - Operational Power Structure - Shanghai's operational structure reflects a strategic collaborative governance model, integrating top-down planning with market vitality [9] - Hong Kong's operational structure is based on a rule-of-law market autonomy, prioritizing market mechanisms and transparency [10] Group 3: γ - Innovation Power Structure - Shanghai's innovation is centered around the Real Data Asset (RDA) paradigm, focusing on the integration of operational data with physical assets [14] - Hong Kong is developing a Real World Asset (RWA) framework, utilizing blockchain to enhance the liquidity and efficiency of traditional assets [17] Group 4: δ - Coupling Power and Future Trends - The future development of Shanghai and Hong Kong will be shaped by national strategies, presenting a scenario of both competition and complementarity [18] - The interrelationship between RDA and RWA will serve as a critical coupling point, facilitating a complete value cycle in the digital economy [19]

2月27日晚间，中金黄金（600489）股份有限公司(以下简称"中金黄金")发布项目投资公告，公司拟以 自有资金45亿元投资控股子公司中国黄金（600916）集团内蒙古矿业有限公司(以下简称"内蒙古矿业") 乌努格吐山铜钼矿南区尾矿库工程。 对于钼价走势，上海钢联（300226）铁合金事业部钼业分析师魏捷对《证券日报》记者表示，受供应偏 紧、成本支撑及国际价格上涨等多重因素推动，当前钼市整体维持强势格局，且节后多家钢厂集中补 库，也使得需求端有所支撑。 此外，从钼金属的下游应用来看，有矿业上市企业表示，风电轴承用钢、LNG储罐与深海管道等高端 合金领域应用对钼消费增量的贡献显著，在风电、光伏、储能等新能源领域以及高端制造等领域，钼资 源亦有着不可替代的重要作用，有望对价格继续构成支撑。 此外，乌山属于大型斑岩型铜钼矿床，截至2025年6月，设计最终境界内保有工业铜矿石和钼矿石资源 储量，铜钼矿合计矿石量66476万t、铜金属113.9万t、钼金属26.85万t、平均品位Cu0.171%、 Mo0.040%。设计最终境界内另有低品位铜矿石和钼矿石资源储量，铜钼矿合计矿石量33572万t、铜金 属23.2万t、钼 ...

东吴证券股份有限公司研报显示："碳酸锂价格自2025年12月下旬开始加速上行，预计2026年至2027年 碳酸锂供需紧平衡，2028年或供需反转。我们认为碳酸锂价格合理中枢为15万元/吨，但由于供给端受 到不可控风险影响，会加剧紧缺，价格不排除超涨至20万元/吨以上。" 碳酸锂价格抬升给上游企业带来直接利好。例如，西藏矿业发展股份有限公司拥有独家开采权的西藏扎 布耶盐湖是世界三大、亚洲第一大锂矿盐湖。该公司相关负责人近日在互动易平台上表示："如果碳酸 锂价格能持续稳定上涨，对公司未来业绩会有好的支撑。" 本报记者 丁蓉 春节假期后，碳酸锂价格迎来强势上涨。Wind资讯数据显示，2月26日，电池级碳酸锂现货报17.31万 元/吨，较春节前最后一天2月13日的报价14.38万元/吨，上涨20.38%。 此轮涨势主要受海外供应扰动、节后补库需求等因素影响。 浙大城市学院副教授林先平向《证券日报》记者表示："供给端，春节期间锂盐企业集中检修，国内产 量阶段性收缩，叠加海外锂矿出口政策收紧，市场对供应稳定性担忧升温。需求端，动力电池刚需稳 定，储能需求快速放量，成为重要增量，下游补库意愿显著增强。加之当前行业库存处于低 ...

（文章来源：每日经济新闻） 上海钢联（300226.SZ）2月26日在投资者互动平台表示，公司股东人数情况会在定期报告中披露。公司 将于2026年4月3日披露2025年年度报告。 每经AI快讯，有投资者在投资者互动平台提问：公司目前股东数是多少？2025年度业绩预告何时发？ ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - 2026 is seen as a pivotal year for AI to achieve value realization and commercialization, with major companies focusing on this transition [4][10] - Anthropic is recognized as one of the fastest commercializing large model companies, recently raising $30 billion in Series G funding, pushing its valuation to $380 billion [4][10] - The ARR (Annual Recurring Revenue) of Anthropic reached $14 billion by February 2026, with significant growth driven by its Claude Code model [4][10] - OpenAI has shifted its focus from AGI ideals to commercial priorities, reducing its computational spending target to $600 billion and projecting total revenue to exceed $280 billion by 2030 [4][10] - The emergence of multimodal models is anticipated to reach a "DS moment" in 2026, enhancing capabilities while significantly reducing costs, benefiting sectors like film, gaming, and advertising [5][11] Summary by Sections Market Review - During the period from February 9 to February 13, 2026, the CSI 300 index increased by 0.36%, while the computer index rose by 4.35% [3][13] Investment Recommendations - Key recommendations for AI applications include companies such as Kingsoft Office, Hehe Information, Dingjie Shuzhi, and others, with beneficiaries in the multimodal field including Wanxing Technology, Huitian Ruisheng, and others [6][12]

Group 1 - The core viewpoint of the articles indicates that while January saw a rise in pig sales prices, the overall operational pressure on the breeding industry remains significant in the first half of the year [1][2] - New Hope Liuhe Co., Ltd. reported an average sales price of 12.48 yuan/kg for commercial pigs in January, reflecting a month-on-month increase of 10.64% [1] - Tian Kang Biological Co., Ltd. announced an average sales price of 11.78 yuan/kg for commercial pigs in January, with a month-on-month growth of 10.51% [1] - Shenzhen Jinxinnong Technology Co., Ltd. reported an average sales price of 12.38 yuan/kg for January, showing a notable increase from 11.54 yuan/kg in the previous month [1] Group 2 - The overall pig price trend in January showed an initial increase followed by a decline, influenced by various factors including seasonal demand and supply adjustments [1][2] - The industry is expected to remain in a supply surplus phase in the first half of 2026, with a likelihood of continued low prices due to seasonal consumption patterns [2] - Analysts suggest that the actual turning point for the industry may not occur until the second half of the year when capacity reduction becomes evident [2] - Cost control and cash flow management are highlighted as critical for breeding companies to navigate through the challenging first half of the year [2]

Group 1 - The core viewpoint of the news is that rare earth prices have surged significantly in early 2026, driven by supply-demand dynamics, with the rare earth price index rising by 33.64% from 217 on December 31, 2025, to 290 on February 12, 2026 [1] - The increase in rare earth prices is attributed to low inventory levels and strong market expectations, leading to preventive stocking behaviors among companies due to short-term production constraints [1] - Specific rare earth products have seen substantial price increases, with praseodymium oxide reaching 890,000 yuan/ton (up 43.55%), neodymium oxide at 880,000 yuan/ton (up 41.94%), and neodymium metal at 1,060,000 yuan/ton (up 39.47%) [1] Group 2 - Looking ahead, it is anticipated that as upstream companies resume operations, the supply-demand relationship may gradually improve, leading to a stabilization of prices with potential narrow fluctuations [2] - The long-term demand for rare earths is expected to grow due to the booming development of emerging industries such as electric vehicles, wind power, industrial motors, robotics, and drones [2] - The rare earth industry in China has entered a highly concentrated phase, with leading companies enhancing their core competitiveness through continuous technological innovation and industrial system development [2] Group 3 - China holds a dominant and irreplaceable position in the global rare earth industry chain, possessing advantages in resource reserves, extraction capabilities, and advanced refining and separation technologies [3] - The leading companies in China's rare earth sector are expected to further consolidate their market positions due to significant resource and cost advantages, as well as comprehensive industry chain layouts from extraction to high-end material manufacturing [3]

Core Viewpoint - The Chinese photovoltaic industry is facing a significant cost increase due to soaring silver prices, which have become a critical material for battery metallization, impacting profit margins and pricing strategies across the supply chain [1][2]. Group 1: Silver Price Impact - Silver prices have shown a sharp increase, with futures reaching 32,400 yuan/kg and spot prices hitting $121.64/oz by the end of January 2026, leading to a substantial rise in costs for photovoltaic components [2]. - The demand for silver in the photovoltaic sector has surged, consuming over 6,000 tons annually since 2020, accounting for nearly 20% of total silver demand [2]. - The cost of silver paste has increased, raising the complete cost of battery cells to over 0.5 yuan/W, with module costs exceeding 0.9 yuan/W [2][3]. Group 2: Cost Structure and Profit Margins - The proportion of silver in photovoltaic raw material costs has risen from approximately 9% in 2024 to over 30%, becoming the largest cost component outside of silicon [3]. - The rising raw material costs combined with low terminal product prices have created a "scissors gap," severely squeezing profit margins, contributing to widespread industry losses in 2025 [4]. - As of early February 2026, silver prices experienced volatility, with futures dropping to 20,600 yuan/kg, leading to a decrease in battery and module prices [4]. Group 3: Market Dynamics and Order Visibility - Domestic market orders are declining, with limited visibility on new contracts, while overseas markets are expected to dominate shipments in Q1 2026 due to export tax influences [5]. - The procurement attitude is cautious amid weak seasonal demand and recent price increases in components, resulting in insufficient order visibility for Q1 2026 [5]. Group 4: Cost Reduction Strategies - Companies are pursuing technological upgrades to reduce costs, with Longi Green Energy focusing on "cheap metalization" technology for mass production by Q2 2026 [6][8]. - Aiko Solar has implemented silver-free technology, significantly reducing costs and avoiding the impact of silver price fluctuations [8]. - The industry is exploring pathways for cost reduction through the substitution of cheaper metals and process optimizations, aiming for a silver consumption reduction of 10% to 20% [9]. Group 5: Future Outlook - The silver price is expected to remain high with fluctuations, driven by an expanding supply-demand gap and increased industrial demand, particularly from the photovoltaic sector [9]. - The impact of the "space photovoltaic" concept on silver demand is currently limited, with expectations for a 10% decrease in global silver usage in photovoltaics in 2026 compared to 2025 [9].

Group 1 - The core point of the article is that the price of MMLC battery-grade lithium carbonate has increased significantly, reaching 142,200 yuan per ton, which is an increase of 2,650 yuan per ton compared to the previous day's closing price [1] Group 2 - The data was released by Shanghai Steel Union, indicating a notable upward trend in lithium carbonate prices [1] - The price increase reflects ongoing demand and market dynamics within the battery materials sector [1] - The current price level suggests a strong market position for lithium carbonate, which is critical for battery production [1]