退税调整刺激短期需求， 加速上涨注意回调风险 碳酸锂周报 2026/01/10 曾宇轲（有色金属组） 0755-23375139 zengyuke@wkqh.cn 从业资格号：F03121027 交易咨询号：Z0023147 CONTENTS 目录 03 供给端 06 成本端 01 周度评估及策略推荐 04 需求端 02 期现市场 05 库存 01 周度评估及策略推荐 周度要点小结 ◆ 期现市场：1月9日，五矿钢联碳酸锂现货指数（MMLC）早盘报138653元，周涨18.6%。MMLC电池级碳酸锂均价为139100元。同日广期所 LC2605收盘价143420元，本周涨17.96%。 ◆ 供给：1月8日，SMM国内碳酸锂周度产量报22535吨，环比增0.5%。 ◆ 需求：乘联会数据，12月新能源车零售量138.7万辆，同比增长7%，环比增幅为5%，全年累计销量1285.9万辆，增速18%。当月厂商批发量 155.4万辆，同比增长3%，但环比下降9%，全年累计批发量达1531万辆，同比增长25%。1月湖南裕能、万润新材、德方纳米和常州锂源等头 部磷酸铁锂企业减产，淡季需求回落。 ◆ 库存：1月8日，国内碳酸锂周 ...

资料显示，辽宁奥克化学股份有限公司位于辽宁省辽阳市宏伟区万和七路38号，成立日期2000年1月1 日，上市日期2010年5月20日，公司主营业务涉及环氧乙烷、乙烯衍生绿色低碳精细化工高端新材料的 研发与生产销售。主营业务收入构成为：聚醚单体65.11%，聚乙二醇20.58%，脂肪醇醚13.99%，其他 (补充)0.31%。 奥克股份所属申万行业为：基础化工-化学原料-其他化学原料。所属概念板块包括：电解液、小盘、固 态电池、污水处理、锂电池等。 1月9日，奥克股份盘中上涨2.20%，截至14:00，报10.69元/股，成交2.15亿元，换手率3.01%，总市值 72.70亿元。 资金流向方面，主力资金净流入368.13万元，特大单买入1166.22万元，占比5.42%，卖出1070.50万元， 占比4.98%；大单买入4321.71万元，占比20.09%，卖出4049.31万元，占比18.83%。 奥克股份今年以来股价涨7.98%，近5个交易日涨7.98%，近20日涨5.22%，近60日涨34.47%。 责任编辑：小浪快报 截至9月30日，奥克股份股东户数3.00万，较上期减少15.65%；人均流通股2261 ...

Group 1 - The core viewpoint of the news is that Shengxin Lithium Energy's stock has experienced fluctuations, with a recent decline of 2.01% and a total market capitalization of 32.163 billion yuan [1] - As of January 9, the stock price is reported at 35.14 yuan per share, with a trading volume of 1.64 billion yuan and a turnover rate of 5.03% [1] - The company has seen a year-to-date stock price increase of 2.06%, with significant gains over the past 60 days, rising by 80.11% [2] Group 2 - Shengxin Lithium Energy's main business involves the production and sale of lithium-related products, with 100% of its revenue coming from the new energy sector [2] - As of September 30, the company reported a revenue of 3.095 billion yuan for the first nine months of 2025, a year-on-year decrease of 11.53%, and a net profit attributable to shareholders of -0.752 billion yuan, down 62.96% year-on-year [2] - The company has distributed a total of 929 million yuan in dividends since its A-share listing, with 811 million yuan distributed over the past three years [3]

Core Viewpoint - Shenzhen New Star's stock price has experienced a decline of 4.64% year-to-date, with a notable drop of 2.07% on January 9, 2025, indicating potential concerns among investors regarding the company's performance and market conditions [1]. Financial Performance - For the period from January to September 2025, Shenzhen New Star achieved a revenue of 2.324 billion yuan, representing a year-on-year growth of 25.54% [2]. - The company reported a net profit attributable to shareholders of -61.83 million yuan, which reflects a year-on-year increase of 37.02% [2]. Stock Market Activity - As of January 9, 2025, Shenzhen New Star's stock was trading at 26.93 yuan per share, with a total market capitalization of 5.685 billion yuan [1]. - The stock experienced a trading volume of 272 million yuan on January 9, with a turnover rate of 4.69% [1]. - The stock has seen a net outflow of 37.77 million yuan in principal funds, with significant selling pressure observed [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Shenzhen New Star increased by 3.62% to 16,500 [2]. - The average number of circulating shares per shareholder decreased by 3.49% to 12,830 shares [2]. Dividend Information - Since its A-share listing, Shenzhen New Star has distributed a total of 42 million yuan in dividends, with no dividends paid in the last three years [3]. Institutional Holdings - As of September 30, 2025, the eighth largest circulating shareholder is the Dongfang Alpha Industry Pioneer Mixed Fund A, holding 1.6514 million shares as a new shareholder [3].

双欣环保（001369.SZ）1月9日在投资者互动平台表示，公司产品DMC、DEC、EMC是锂电池电解液的 重要原材料之一。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：贵公司的锂电池业务是属于哪个环节？ ...

Core Viewpoint - The stock of Huasheng Lithium Electric has experienced a decline of 3.69% since the beginning of the year, with a notable drop of 2.04% on January 9, 2025, amid significant trading activity and capital outflow [1]. Group 1: Stock Performance - As of January 9, 2025, Huasheng Lithium Electric's stock price is reported at 109.50 yuan per share, with a total market capitalization of 17.465 billion yuan [1]. - The stock has seen a 3.69% decrease in price year-to-date and a 3.69% drop over the last five trading days, while it has increased by 0.66% over the past 20 days and surged by 153.88% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Huasheng Lithium Electric achieved a revenue of 539 million yuan, reflecting a year-on-year growth of 62.29% [2]. - The company reported a net profit attributable to shareholders of -103 million yuan, which represents a year-on-year increase of 21.81% [2]. Group 3: Shareholder and Institutional Holdings - As of September 30, 2025, the number of shareholders for Huasheng Lithium Electric has increased to 12,700, marking a 17.25% rise from the previous period [2]. - The average number of circulating shares per shareholder has risen to 9,383 shares, an increase of 62.45% compared to the last period [2]. - The company has distributed a total of 157 million yuan in dividends since its A-share listing [3].

Core Viewpoint - The stock price of Furui Co., Ltd. has shown significant fluctuations, with a recent decline of 2.00% and a notable increase of 11.01% year-to-date, indicating volatility in investor sentiment and market performance [1][2]. Group 1: Stock Performance - As of January 9, Furui Co., Ltd. experienced a stock price of 13.21 yuan per share, with a trading volume of 10.15 billion yuan and a turnover rate of 8.00%, leading to a total market capitalization of 125.05 billion yuan [1]. - The stock has increased by 11.01% this year, with a 5-day increase of 11.01%, a 20-day increase of 23.92%, and a remarkable 60-day increase of 153.07% [2]. Group 2: Financial Performance - For the period from January to September 2025, Furui Co., Ltd. reported an operating income of 3.841 billion yuan, reflecting a year-on-year decrease of 4.45%, and a net profit attributable to shareholders of 296 million yuan, down 12.05% year-on-year [2]. - The company has distributed a total of 1.969 billion yuan in dividends since its A-share listing, with 331 million yuan distributed over the past three years [3]. Group 3: Business Overview - Furui Co., Ltd. is located in Weifang, Shandong Province, and was established on August 11, 1999, with its shares listed on November 24, 2006. The company primarily engages in the production and sale of towel series products and decorative fabric series products [2]. - The revenue composition of the company includes towel series (62.86%), other products (9.96%), thermal power products (9.25%), bedding series (6.96%), chemical products (3.88%), coating materials (3.78%), and motor products (3.31%) [2].

1月9日，英飞特盘中上涨2.03%，截至10:13，报17.56元/股，成交1.10亿元，换手率2.89%，总市值52.42 亿元。 资金流向方面，主力资金净流出245.29万元，特大单买入360.14万元，占比3.27%，卖出403.02万元，占 比3.66%；大单买入1928.15万元，占比17.51%，卖出2130.57万元，占比19.35%。 分红方面，英飞特A股上市后累计派现1.28亿元。近三年，累计派现4208.95万元。 机构持仓方面，截止2025年9月30日，英飞特十大流通股东中，大成中证360互联网+指数A（002236） 退出十大流通股东之列。 责任编辑：小浪快报 资料显示，英飞特电子(杭州)股份有限公司位于浙江省杭州市滨江区长河街道江虹路459号A座，成立日 期2007年9月5日，上市日期2016年12月28日，公司主营业务涉及LED驱动电源的研发、生产、销售和技 术服务。主营业务收入构成为：LED照明行业94.62%，其他业务3.71%，其他1.19%，新能源相关产品 0.48%。 英飞特所属申万行业为：电子-光学光电子-LED。所属概念板块包括：QFII持股、LED、锂电池、新能 源 ...

Group 1 - The core viewpoint of the news is that Hongxing Development has shown a positive stock performance with a 5.04% increase year-to-date and significant trading activity, indicating investor interest [1] - As of January 9, Hongxing Development's stock price reached 18.35 yuan per share, with a total market capitalization of 6.26 billion yuan [1] - The company reported a net inflow of main funds amounting to 9.04 million yuan, with significant buying activity from large orders [1] Group 2 - For the period from January to September 2025, Hongxing Development achieved an operating income of 1.609 billion yuan, a slight decrease of 0.14% year-on-year, while the net profit attributable to shareholders increased by 86.78% to 107 million yuan [2] - The number of shareholders decreased by 3.28% to 42,000, while the average circulating shares per person increased by 3.39% to 7,666 shares [2] Group 3 - Since its A-share listing, Hongxing Development has distributed a total of 260 million yuan in dividends, with 47.34 million yuan distributed over the past three years [3]

Core Viewpoint - The company, Zhejiang Kaichuang Electric Co., Ltd., is experiencing fluctuations in stock performance and is focusing on expanding its lithium battery product line and e-commerce business while benefiting from the depreciation of the RMB [2][6]. Group 1: Company Performance - On January 8, the stock price of Kaichuang Electric fell by 2.22%, with a trading volume of 78.72 million yuan and a market capitalization of 5.071 billion yuan [1]. - For the period from January to September 2025, the company reported a revenue of 490 million yuan, a year-on-year decrease of 12.96%, and a net profit attributable to shareholders of -10.46 million yuan, a year-on-year decrease of 119.10% [6]. - The company has distributed a total of 67.12 million yuan in dividends since its A-share listing [7]. Group 2: Business Segments and Growth - In 2023, the company developed 20 new lithium battery products, gaining recognition from clients such as Bosch and Harbor Freight Tools, with lithium product sales currently accounting for less than 10% of total revenue, indicating significant growth potential [2]. - The company has a high overseas revenue ratio of 91.85%, benefiting from the depreciation of the RMB [2]. - The company has been recognized as a "specialized and innovative" small giant enterprise, which enhances its competitiveness and stability in the supply chain [2]. Group 3: E-commerce Development - Since 2018, the company has been expanding its e-commerce business, establishing cross-border e-commerce companies in Jinhua, Hangzhou, and Shenzhen, and promoting its own brand of power tools through platforms like Amazon [2]. - In 2024, the company's online sales revenue increased by 58.64% year-on-year [2]. Group 4: Market and Technical Analysis - The average trading cost of the stock is 57.93 yuan, with recent reductions in holdings but at a slowing rate; the current stock price is between resistance at 52.09 yuan and support at 44.02 yuan, suggesting potential for range trading [5]. - The main capital flow shows a net outflow of 12.92 million yuan today, with a ranking of 207 out of 245 in the industry, indicating a lack of clear trends in main capital [3][4].