Group 1 - South Korean President Lee Jae-myung's first visit to China has significantly boosted his domestic approval rating to 60%, with diplomatic achievements being a key factor [1] - The visit resulted in the signing of numerous cooperation agreements, particularly in the energy sector, which is seen as crucial for regional cooperation in Northeast Asia [1][5] - Lee's administration emphasizes "pragmatic diplomacy," aiming to balance relations with major trading partners like China while maintaining security alliances with the U.S. and Japan [3][4] Group 2 - The visit included the signing of 15 government cooperation documents and 32 memorandums of understanding, highlighting the importance of energy cooperation [6][5] - Key South Korean companies such as Samsung, SK, Hyundai, and LG participated in the delegation, indicating a strong commitment to enhancing bilateral cooperation [6] - The agreements focus on renewable energy, including green hydrogen and sustainable aviation fuel, addressing South Korea's energy transition challenges [6][12] Group 3 - South Korea's energy security heavily relies on imports, with 84.6% of its energy supply coming from net imports, making international cooperation essential [10] - The collaboration with China is seen as a critical solution to South Korea's energy transition issues, leveraging China's experience in renewable energy projects [12] - The partnership is expected to create significant economic benefits by providing large-scale application scenarios for South Korean energy technologies in the Chinese market [12][13]

Core Viewpoint - Guoliang New Materials Co., Ltd. is focusing on expanding its market presence outside of Hebei, particularly in Jiangsu, Shandong, and Fujian provinces, while enhancing project management and exploring new projects to improve profitability [1][2][4] Group 1: Market Expansion and Strategy - The company aims to deepen relationships with high-quality clients in external markets to increase market share [1] - Guoliang New Materials plans to establish Jiangsu as a core business area while expanding into Shandong and Fujian [2] - The company has successfully provided comprehensive contracting services for refractory materials to major steel producers in Jiangsu, Shandong, and Fujian [1][2] Group 2: Product and Technology Development - Guoliang New Materials specializes in high-temperature industrial refractory materials, offering a range of products including steel ladle bricks and magnesium-carbon bricks [2][3] - The company emphasizes technological innovation and has a strong R&D team, holding 33 invention patents and 52 utility model patents [3] - The company has been recognized as a national-level "green factory" and has developed technologies that align with national carbon neutrality goals [3][4] Group 3: Financial Performance - The company reported revenues of 937 million yuan, 984 million yuan, 905 million yuan, and 511 million yuan for the years 2022 to 2025, with corresponding net profits of 40 million yuan, 84 million yuan, 71 million yuan, and 41 million yuan [4] - In the first three quarters of 2025, the company achieved revenues of 787 million yuan, a 21.18% increase year-on-year, and a net profit of 53 million yuan, a 4.41% increase year-on-year [5] Group 4: Fundraising and Investment Plans - The company plans to issue 18.04 million shares, raising approximately 175 million yuan after expenses, to invest in projects aimed at upgrading its main business and expanding green production capacity [5][6] - Specific projects include the technical transformation of the sliding water nozzle production line and the establishment of a new production line for magnesium-carbon bricks [6] Group 5: Industry Context and Future Outlook - The demand for high-performance, low-carbon refractory materials is increasing due to stricter environmental regulations and the push for green transformation in industries like steel [4][7] - Guoliang New Materials is positioned to lead the industry towards high-end and green development, leveraging its technological advantages and commitment to sustainable practices [7]

资料显示，金雷科技股份公司位于山东省济南市钢城区双元大街18号，成立日期2006年3月24日，上市 日期2015年4月22日，公司主营业务涉及研发、生产和销售风力发电机主轴及各类大型铸锻件。主营业 务收入构成为：风电轴类(含锻造和铸造)67.80%，其他精密轴类14.19%，装配业务10.71%，其他 7.30%。 金雷股份所属申万行业为：电力设备-风电设备-风电零部件。所属概念板块包括：海上风电、机械、风 能、碳中和、水电概念等。 截至9月30日，金雷股份股东户数2.79万，较上期减少7.27%；人均流通股8701股，较上期增加7.84%。 2025年1月-9月，金雷股份实现营业收入21.19亿元，同比增长61.35%；归母净利润3.05亿元，同比增长 104.59%。 1月14日，金雷股份盘中上涨2.04%，截至10:46，报30.06元/股，成交1.27亿元，换手率1.76%，总市值 96.23亿元。 资金流向方面，主力资金净流出76.12万元，特大单买入540.07万元，占比4.25%，卖出757.70万元，占 比5.96%；大单买入2633.91万元，占比20.73%，卖出2492.41万元，占比1 ...

沪铝早报- 交易咨询业务资格：证监许可【2012】1091号 大越期货投资咨询部 ：祝森林 从业资格证号：F3023048 投资咨询证号：Z0013626 联系方式：0575-85226759 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 每日观点 铝: 1、基本面：碳中和控制产能扩张，国内供应即将到达天花板，下游需求不强劲，房地产延续疲软，宏 观短期情绪多变；中性。 2、基差：现货24270，基差-105，贴水期货，中性。 3、库存：上期所铝库存较上周涨14010吨至143828吨；中性。 4、盘面：收盘价收于20均线上，20均线向上运行；偏多。 5、主力持仓：主力净持仓多，多增；偏多。 6、预期：碳中和催发铝行业变革，长期利多铝价，宏观情绪多变，铝价震荡向上运行 每日汇总 | 现货 昨日现货 | 地方 地方 | 中间价 中间价 | 涨跌 涨跌 | | 类型 类型 | 总量（吨） 总量（吨） | 增减 增减 | | --- | --- | --- | --- | --- ...

广发高端制造股票A（004997）成立日期2017年9月1日，最新规模44.24亿。今年以来收益2.37%，同类 排名4423/5520；近一年收益23.53%，同类排名3357/4203；成立以来收益49.75%。 从海博思创十大流通股东角度 数据显示，广发基金旗下1只基金位居海博思创十大流通股东。广发高端制造股票A（004997）三季度 新进十大流通股东，持有股数58.79万股，占流通股的比例为1.55%。根据测算，今日浮盈赚取约681.93 万元。 1月14日，海博思创涨5.27%，截至发稿，报231.66元/股，成交4.05亿元，换手率4.73%，总市值417.20 亿元。 广发高端制造股票A（004997）基金经理为郑澄然。 资料显示，北京海博思创科技股份有限公司位于北京市海淀区丰豪东路9号院2号楼12层，成立日期2011 年11月4日，上市日期2025年1月27日，公司主营业务涉及专注于电化学储能系统的研发、生产、销售, 为传统发电、新能源发电、智能电网、终端电力用户等"源-网-荷"全链条行业客户提供全系列储能系统 产品,提供储能系统一站式整体解决方案。主营业务收入构成为：储能系统99.77%，新 ...

Core Insights - The biodiesel industry is positioned at the intersection of "global green demand expansion" and "China's unique resource endowment," with short-term performance supported by export demand and long-term market potential driven by domestic policies [1] - Biodiesel, as an environmentally friendly energy source, is expected to benefit from both policy and demand incentives amid the global carbon neutrality trend [1] - The industry is transitioning from first-generation FAME to second-generation HVO biodiesel, which offers superior performance and carbon reduction benefits, making it a key choice for high-end sectors like transportation and aviation [2] Industry Growth and Demand - The global biodiesel market is experiencing continuous growth, driven primarily by mandatory blending policies in developed markets like the EU and the US [3] - The EU aims to increase the share of renewable energy in the transport sector to 29% by 2030, while the US RFS plan is set to promote ongoing growth in biofuel consumption [3] - From 2009 to 2023, global biodiesel consumption grew at a CAGR of approximately 10.34%, with projections of 5.71% CAGR from 2024 to 2027; HVO consumption is expected to grow even faster at an average annual rate of 16.38% from 2024 to 2028 [3] Supply Dynamics - Global biodiesel production is steadily increasing, with a CAGR of about 8.08% from 2012 to 2025, primarily in the EU and the US [4] - Southeast Asia, South America, and China are expected to gradually reshape the biodiesel supply landscape due to their raw material advantages [4] - Southeast Asian countries benefit from palm oil production, while South America leverages low-cost raw materials and compatibility with RFS; China utilizes waste cooking oil to achieve carbon reduction [4] Trade Patterns - The global biodiesel trade is shifting from "cost basins" to "policy highlands," reflecting a complex network influenced by resource endowments and policy compliance [5] - Current trade routes include Southeast Asia exporting low-cost raw materials to Europe, South America supplying the US with soybean oil products, and China primarily exporting to the EU [5] China's Market Landscape - China's biodiesel market is currently export-driven, with domestic demand poised for growth due to policy catalysts [6] - In 2024, China's biodiesel production capacity is expected to exceed 5 million tons per year, with an estimated output of 3.035 million tons, while consumption is only 867,000 tons [6] - The export volume to the EU is projected to decline by 75.41% in 2024 due to anti-dumping policies, prompting a shift towards SAF transformation and domestic market expansion [7] Industry Barriers - The core barriers in the biodiesel industry are centered around raw material control, technological breakthroughs, and economies of scale [8] - Companies with stable waste cooking oil recovery networks can establish cost advantages, while HVO/SAF production involves complex processes that require advanced technology [8] - Large-scale facilities can spread fixed costs, with leading global companies having HVO capacities exceeding 500,000 tons per year, and domestic firms accelerating expansion [8]

1月14日，德创环保盘中上涨2.04%，截至09:48，报12.00元/股，成交1833.17万元，换手率0.76%，总市 值24.50亿元。 资金流向方面，主力资金净流入8.46万元，大单买入159.22万元，占比8.69%，卖出150.76万元，占比 8.22%。 机构持仓方面，截止2025年9月30日，德创环保十大流通股东中，中信保诚多策略混合(LOF)A （165531）、诺安多策略混合A（320016）退出十大流通股东之列。 责任编辑：小浪快报 德创环保所属申万行业为：环保-环境治理-大气治理。所属概念板块包括：钠电池、微盘股、小盘、碳 中和、固废处理等。 截至9月30日，德创环保股东户数2.41万，较上期增加98.74%；人均流通股8470股，较上期减少 49.68%。2025年1月-9月，德创环保实现营业收入7.93亿元，同比增长17.48%；归母净利润1310.82万 元，同比减少45.88%。 分红方面，德创环保A股上市后累计派现4864.62万元。近三年，累计派现824.62万元。 德创环保今年以来股价涨7.82%，近5个交易日涨4.99%，近20日涨4.35%，近60日涨0.84%。 资 ...

Core Viewpoint - Guoliang New Materials (920076.BJ) is set to be available for subscription on the Beijing Stock Exchange, specializing in high-temperature industrial refractory materials and providing comprehensive solutions in this sector [1][2]. Group 1: Company Overview - Established in 2002, Guoliang New Materials is located in Tangshan, Hebei Province, a significant steel production base in China [1]. - The company has accumulated 5 provincial scientific and technological achievement certificates, 33 invention patents, and 52 utility model patents [3]. - Guoliang New Materials has been recognized as a national-level "specialized, refined, distinctive, and innovative" small giant enterprise [3]. Group 2: Financial Information - The offering price is set at 10.76 yuan per share, with an issuance price-to-earnings ratio of 14.97, compared to the industry average of 33.44 [2]. - The company plans to invest raised funds in several projects, including a technical transformation project for the sliding water nozzle production line (36.49 million yuan), an intelligent manufacturing project for 50,000 tons of magnesia-carbon bricks (84.42 million yuan), and a production line for 150,000 tons of recycled materials (24.11 million yuan) [2]. Group 3: Market Position and Clientele - Guoliang New Materials has established long-term partnerships with notable steel companies such as Delong Steel, Donghai Special Steel, and Shougang Group, leveraging its technological and regional advantages [3]. - The company is expanding its market presence internationally, targeting regions like Russia and Vietnam [3]. Group 4: Industry Context - The refractory materials industry is characterized by cyclical fluctuations, heavily influenced by the steel industry, which is subject to macroeconomic cycles and various policies [4]. - The steel industry accounted for approximately 15% of China's total carbon emissions in 2020, and ongoing policies for carbon neutrality will necessitate a shift towards greener practices [4]. - There is a risk of overcapacity in the refractory materials sector, as the industry currently has a low concentration of firms, leading to potential competition and challenges in maintaining profitability [4].

证券研究报告 建筑材料 | 装修建材 北交所|新股申购 hyzqdatemark 2026 年 01 月 13 日 证券分析师 赵昊 SAC：S1350524110004 zhaohao@huayuanstock.com 联系人 胡文瀚 ——高温工业耐火材料方案商，优质客户与钢铁行业需求升级驱动 投资要点： 请务必仔细阅读正文之后的评级说明和重要声明 huwenhan@huayuanstock.com 国亮新材(920076.BJ) 国亮新材本次发行价格 10.76 元/股，发行市盈率 12.68X，申购日为 2026 年 1 月 14 日。本次发行数量为 1804 万股，发行后总股本为 8363 万股，本次发行数量占发 行后总股本的 21.58%。经我们测算，公司发行后预计可流通股本比例为 25.79%， 老股占可流通股本比例为 16.33%。本次发行战略配售发行数量为 180.4 万股，占本 次发行数量的 10.00%，有 5 家战略投资者参与公司的战略配售。预计募投项目投资 总额为 17502 万元，募集资金将主要用于滑板水口产线技术改造项目、年产 5 万吨 镁碳砖智能制造项目、年产 15 万吨耐材用再 ...

甬金股份介绍，在中国钢铁工业去产能化的大背景下，热轧不锈钢板卷产品国内市场产能过剩。中国鼓 励钢铁企业"走出去"，以资本输出转移过剩的生产能力，调整钢铁产业结构，实现钢铁产能的全球化布 局。随着"一带一路"共建国家开始落实"进口替代"政策，国内制造业(如电子、家电、汽车产业等)加速 向东南亚国家转移，不锈钢海外需求将大增。 随着全球碳中和的推进，绿色低碳产品将带来更大的市场空间和竞争优势，短流程炼钢工艺可大幅降低 吨钢碳排放量，符合全球绿色冶金趋势，降低碳排放关税支出，提升产品市场竞争力。根据估算，"年 产200万吨短流程绿色精品不锈钢项目"具有很强的盈利能力和抗风险能力。公司目前已针对该项目进行 人员、技术储备，后续不排除通过与国内上游相关企业合作的方式提升产品竞争力。 该项目定位于满足公司海外不锈钢冷轧业务的上游原料供应，提前布局越南未来增量市场，打破境外市 场针对原产于中国及印尼不锈钢产品的反倾销、反规避贸易壁垒，为公司产品全球化布局开辟新的合法 通道，有利于提升公司产品的整体竞争力，增强公司品牌在国内和国际市场的知名度和影响力。 甬金股份（603995）1月13日晚公告，公司全资子公司新越资产管理(新 ...