本文字数：1674，阅读时长大约3分钟 作者 | 第一财经 林靖 2025.11. 17 《建议》提到，要推动高等教育提质扩容，扩大优质本科教育招生规模。提升职业学校办学能力，建设特色鲜明高职 院校。引导规范民办教育发展。扩大高水平教育对外开放。 除研究型大学之外，从今年的高考分数线看，多所职业院校爆红，部分职业本科分数线甚至比肩双一流大学。深圳职 业技术大学、深圳信息职业技术大学，金华职业技术大学、北京科技职业大学、广州职业技术大学、苏州职业技术大 学、广东轻工职业技术大学、武汉职业技术大学、顺德职业技术大学、黎明职业大学等院校招生成绩均十分亮眼。 人口结构的变化，正带动教育资源配置的改变。 当前，我国人口发展出现了新特征：小学在校生规模已在2023年达峰，初中阶段预计明年达峰，高中阶段将在2029 年达峰，高等教育学龄人口将在2032年达峰。 《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》（下称《建议》）提出，健全与人口变化相适应 的教育资源配置机制。 《建议》提到，一体推进教育科技人才发展。如何一体推进教育科技人才高质量发展？《建议》从建立健全协调机制 入手，并对"为谁培育人才、培育什么样 ...

Market Overview - The A-share market showed weakness around the 4000-point mark, with major indices generally declining. The Shanghai Composite Index closed at 3972.03 points, down 0.46% [1] - The Shenzhen Component Index slightly decreased by 0.11%, closing at 13202.00 points, while the ChiNext and STAR Market indices fell by 0.2% and 0.53%, respectively [1] - A total of 2584 stocks rose, while 2726 stocks fell, indicating a divergence in individual stock performance [1] - Net outflow of main funds reached 16.844 billion yuan, with 2078 stocks seeing inflows, significantly lower than the 3078 stocks that experienced outflows [1] - Despite the outflows, the overall trading volume remained high at 1.93 trillion yuan, suggesting a reallocation of funds rather than an exit from the market [1] Sector Performance - The lithium mining sector led the market with a 7.16% increase, driven by both fundamental and capital market factors. The price of lithium carbonate futures hit the limit up, boosting the profitability outlook for the industry [2] - Domestic sales of new energy vehicles showed signs of recovery in October, reinforcing lithium's strategic value as "white oil" amid ongoing global energy transition trends [2] - The military industry gained strength due to rising geopolitical uncertainties, with expectations of increased defense spending [2] Technology and Innovation - The operating system and AI-related sectors rose, driven by domestic substitution and technological breakthroughs. The operating system index surged by 4.31% [3] - Huawei's upcoming AI breakthrough, set to be announced on November 21, is expected to enhance resource management for AI training and inference, positively impacting related stocks [3] Macro Policy and Institutional Insights - Positive macro factors are gradually accumulating, with the Ministry of Commerce and other departments initiating projects to promote industrial transfer and new productivity development [3] - Insurance capital holdings reached a historical high of 5.59 trillion yuan, indicating long-term capital's recognition of A-share value [3] - UBS maintains an "overweight" rating on Chinese stocks, reflecting a consensus on positive market factors [3] Future Market Outlook - The market is expected to continue its "oscillating rotation" pattern, with ongoing competition between policy expectations and profit recovery [4] - Investors are advised to focus on sectors benefiting from policies and profit improvements, including lithium, military, and technology sectors [4] - Close attention should be paid to the Federal Reserve's December meeting, major project implementations, and potential style rebalancing due to mutual fund annual assessments [4]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The increase in the price of Mancozeb and the successful collaboration with BASF open up growth opportunities for the company [1][7] - The company has adjusted its profit forecasts for 2025-2027, expecting net profits of 560 million, 712 million, and 828 million yuan respectively, with corresponding EPS of 1.26, 1.60, and 1.86 yuan [6] - The company is well-positioned to benefit from the growing demand in the lithium battery sector due to its planned investment in new energy projects [8] Financial Summary - Revenue is projected to increase from 4,224 million yuan in 2023 to 5,699 million yuan in 2025, reflecting a year-on-year growth of 34.5% [9] - The net profit is expected to rise significantly from 62 million yuan in 2023 to 560 million yuan in 2025, indicating a year-on-year growth of 587.8% [9] - The gross margin is forecasted to improve from 17.0% in 2023 to 27.4% in 2025, while the net margin is expected to increase from 1.5% to 9.8% over the same period [9][12]

登录新浪财经APP 搜索【信披】查看更多考评等级 11月17日，山东丰元化学股份有限公司（下称"山东丰元化学"）在上海举行路演活动，接待了中邮证 券、国海富兰克林基金、永赢基金、浦银安盛基金、申万菱信、万家基金等6家机构的调研。公司董事 会秘书倪雯琴出席并与机构投资者就公司核心业务进展、产能布局及未来发展规划等议题展开深入交 流。 投资者关系活动基本情况 据披露，本次投资者关系活动类别为路演活动，于2025年11月17日分时段举行，具体时间安排为 10:00、11:30、13:30、15:00、16:00，参与机构包括中邮证券及上述5家基金公司。活动地点位于上海， 公司接待人员为董事会秘书倪雯琴。 核心业务与发展规划解读 在交流中，机构重点关注了公司草酸及磷酸铁锂两大核心业务的运营情况，以及未来业绩预期。具体来 看： 针对草酸业务，公司介绍，经过多年发展，已形成工业草酸、精制草酸及草酸衍生品合计10万吨/年的 产能规模。生产工艺方面，公司采用"改良碳水化合物氧化法"，该工艺具有收率高、能耗低、尾气回收 经济性强、工艺流程短等显著优势，为业务竞争力提供有力支撑。 磷酸铁锂业务：22.5万吨产能落地 利用率维持高 ...

Investment Rating - The report does not explicitly state an investment rating for the industry [1]. Core Views - The price of photovoltaic silicon wafers continues to be under pressure due to reduced demand from downstream battery segments, leading to a significant decrease in orders and subsequent price drops. Some second and third-tier companies are forced to clear inventory, causing further price declines. A slight rebound in N-type 183mm silicon wafer prices was noted after several companies attempted to stabilize prices [4][2]. - In the industrial gas sector, the price of liquid argon has increased by 7.94% to 829 RMB/ton, while the prices of liquid oxygen and nitrogen have decreased by 2.54% and 4.6%, respectively. The overall price trend is stable, with no significant upward pressure expected in the near future [4][2]. - The automotive market saw a slight decline in retail sales in early November, with a year-on-year decrease of 19%. However, long-term growth in sales is anticipated due to upcoming tax incentives for electric vehicles [4][2]. Summary by Sections Market Overview - The mechanical equipment, electric power equipment, and automotive industry indices experienced declines of -2.22%, -0.8%, and -2.11%, respectively, ranking 28th, 23rd, and 26th among 31 first-level industries [9][1]. Industry News and Key Company Announcements - Longi Green Energy plans to acquire approximately 61.9998% of Suzhou Jingkong Energy Technology Co., Ltd., marking its entry into the energy storage sector [22][2]. - The domestic inventory of photovoltaic components has continued to decline, with a 0.6GW reduction noted in the second week of November [22][2]. - The Inner Mongolia government has outlined plans to significantly develop renewable energy, aiming for over 300 million kW of installed renewable energy capacity by 2030 [22][2].

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 主力合约收盘价（日，元/吨） | 95,200.00 | +7840.00↑ 前20名净持仓（日，手） | -193,284.00 | -2348.00↓ | | 期货市场 | 主力合约持仓量（日，手） | 562,954.00 | +46176.00↑ 近远月合约价差（日，元/吨） | 360.00 | +1700.00↑ | | | 广期所仓单（日，手/吨） | 26,953.00 | -217.00↓ | | | | 现货市场 | 电池级碳酸锂平均价（日，元/吨） | 86,150.00 | +1000.00↑ 工业级碳酸锂平均价（日，万元/吨） | 83,800.00 | +1000.00↑ | | | Li₂CO₃主力合约基差（日，元/吨） | -9,050.00 | -6840.00↓ | | | | 上游情况 | 锂辉石精矿(6%CIF中国)平均价（日，美元/吨） | 999.00 | +47.00↑ 磷锂铝石平均价（日，元/吨） ...

每经AI快讯，有投资者在投资者互动平台提问：您好！公司固态电池进展如何，公司应借助大股东和 控股股东的资源在固态电池领域弯道超车，积极引进有技术实力的战略投资者！谢谢！ （记者 曾健辉） 圣阳股份（002580.SZ）11月17日在投资者互动平台表示，您好！公司自主研发的固态电池已顺利完成 安全验证及循环稳定性测试，性能指标良好。目前产品进入典型场景市场应用阶段。公司将紧密跟踪行 业技术发展及市场需求趋势，不断加大研发投入，通过自主研发与产学研相结合方式，借力社会优质资 源，持续推进更大容量、更高能量密度的电池技术开发，以满足多元化的新能源应用场景需求。 ...

Group 1: Lithium Battery Industry - Ganfeng Lithium's chairman Li Liangbin stated that if demand growth exceeds 30% to 40% next year, supply will not balance in the short term, potentially pushing prices above 150,000 to 200,000 yuan per ton [5] - Foshan Plastics Technology announced a partnership with Zijin Mining to invest 113 million yuan in a pilot platform for battery-grade lithium sulfide, holding a 5% stake [6] - The report highlighted that the price of wet-process separators is entering an upward channel, with supply potentially tightening by 2026, mentioning Foshan Plastics Technology as a relevant company [7] - On November 17, Foshan Plastics Technology experienced a trading halt due to a significant price increase [8] - The lithium battery industry is showing signs of stabilization and upward trends, indicating a new lithium battery cycle is emerging [11] Group 2: Copper Foil and Electrolyte Production - Zhongyi Technology focuses on high-performance electrolytic copper foil production, with a capacity of 55,500 tons per year and plans for expansion to meet high-growth demands in AI and new energy sectors [13] - Zhongyi Technology's stock surged by 20% on November 17 [14] - Xinzhou Bang is expanding its production of lithium hexafluorophosphate, with current capacity at 24,000 tons per year, expected to reach 36,000 tons by the end of 2025 [15] - Xinzhou Bang's stock rose by 17.33% over three days [16] Group 3: Lithium Battery Materials and Additives - Haike New Source is a leading company in lithium battery electrolyte solvents, actively developing lithium battery additives, with prices entering an upward trend, indicating potential for significant profit elasticity [17] - Haike New Source's stock rose by 13.96% on November 17 [18] - The report indicated that the price elasticity of lithium battery materials is highest for electrolytes, followed by various other components, with Foshan Plastics Technology and Shida Shenghua showing significant price increases [19] Group 4: AI Applications - Alibaba officially launched the "Qianwen" project to enter the AI to C market, with the app now available for public testing [21] - The AI application sector is experiencing accelerated breakthroughs in segmented scenarios, with BlueFocus mentioned as a notable player [22] - The domestic large model breakthroughs are expected to drive significant changes in AI applications, with BlueFocus's stock rising by 12.42% on November 17 [23] Group 5: Quantum Technology - The "Tianyan-287" superconducting quantum computer has been completed, indicating advancements in quantum computing technology [26] - Quantum Computing stocks rose by 12% following positive earnings and guidance, with related stocks also experiencing significant increases, including Geer Software, which hit a trading halt [27]

证券代码：002805 证券简称：丰元股份 山东丰元化学股份有限公司 投资者关系活动记录表 编号：2025-008 | 投资者关系 | □特定对象调研 □分析师会议 □业绩说明会 | | --- | --- | | 活动类别 | □媒体采访 □新闻发布会 √路演活动 | | | □现场参观 □其他 | | | 2025 年 11 月 17 日 | | | 10:00 中邮证券、国海富兰克林基金 | | 参与单位名称 | 11:30 中邮证券、永赢基金 | | 及时间 | 13:30 中邮证券、浦银安盛基金 | | | 15:00 中邮证券、申万菱信 | | | 16:00 中邮证券、万家基金 | | 地点 | 上海 | | 上市公司接待 | 倪雯琴（董事会秘书） | | 人员姓名 | | | | 本次交流会中，互动问答的主要内容（口头交流内容表述 | | | 可能存在误差，如与正式公告内容冲突，请以正式公告披露内 | | | 容为准）如下： | | | 1、能否简要介绍下公司的草酸业务情况？ | | | 经过多年发展，公司具备工业草酸、精制草酸及草酸衍生 | | 投资者关系活动 | 品合计 10 万吨/年的产 ...

格隆汇11月17日｜巨化股份总经理韩金铭在今日下午召开的2025年第三季度业绩说明会上表示，截至目 前，第四季度HFCs（氢氟烃，也称第三代氟制冷剂）产品价格保持上行趋势；公司甘肃巨化高性能氟 氯新材料一体化项目建设正在积极有序推进中。随着人工智能、半导体、新能源产业的快速发展以及国 产化水平的提高，预计我国氟化液产品及市场将保持良好成长，公司对全球氟制冷剂市场保持较为乐观 预期。 ...