来源：新浪财经 1月9日，远信储能正式向香港联交所提交主板上市申请，招银国际担任独家保荐人。 远信储能于2019年成立，如今已成为一家覆盖设备研发、系统集成及项目运营的全链条储能服务商。 公司财务数据显示出一条陡峭的增长曲线。2023年，远信储能营收4.35亿元，一年后飙升至11.44亿元， 增幅高达163%。 利润表现同样强劲。2023年公司期内利润为4074万元，2024年已增至9627万元。2025年前三季度，公司 录得收入8.81亿元，期内利润达7089万元。 此外，远信储能的客户集中度风险也值得关注。2023年至2025年前三季度，公司前五大客户贡献的收入 占比分别为53.6%、81.6%和80.8%。最大单一客户在2024年更是贡献了40.7%的收入。 产能方面，截至2025年9月30日，远信储能在江苏镇江、云南姚安和大理设有生产基地，年化产能达 6.8GWh。 伴随营收增长的是毛利率的波动。2023年，远信储能的毛利率为21.6%，2024年微降至17.8%，2025年 前三季度小幅回升至18.3%。 大型储能系统解决方案已成为毛利增长的主要动力。2023年，该类业务毛利仅为82.3万元；202 ...

容诚会计师事务所近日就厦门盈趣科技股份有限公司（以下简称"盈趣科技"）申请向特定对象发行股票 的审核问询函中有关财务会计问题出具专项说明。报告显示，盈趣科技报告期内营业收入、净利润、毛 利率等多项核心财务指标呈下降趋势，但公司表示相关不利因素已显著改善。 业绩波动原因及合理性 报告期各期，盈趣科技实现营业收入分别为434,522.00万元、386,019.99万元、357,276.03万元及 288,176.74万元，扣除非经常性损益后归属于母公司所有者的净利润分别为61,684.16万元、38,667.11万 元、23,808.57万元及16,788.36万元，毛利率分别为30.43%、30.70%、28.36%和27.11%，均呈下降趋 势。 公司称，业绩变动主要受产品结构调整、市场竞争加剧及客户需求变化等因素影响。其中，2023年及 2024年创新消费电子产品收入下滑明显，主要因电子烟产品代际切换及家用雕刻机客户去库存。不过， 2025年1-9月，公司营业收入及扣非净利润已分别实现11.44%和16.43%的增长。 境外业务与贸易政策影响 盈趣科技境外收入占比较高，报告期内分别为85.92%、78.16 ...

合成橡胶产业日报 2026-01-13 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 企业周期内延续控产，拖拽样本企业产能利用率下行，随着检修装置逐步恢复，本周轮胎企业产能利用率 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 或有小幅回升。br2603合约短线预计在11700-12500区间波动。 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 | 项目类别 | 数据指标 环比 | 最新 | | 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | --- | | 期货市场 | 主力合约收盘价:合成橡胶(日,元/吨) -70 主力合约持仓量:合成橡胶(日,元/吨) | 12000 | | | ...

Group 1 - The core viewpoint of the article indicates that while there are policy disturbances affecting the soda ash market, the fundamentals are limiting upward price movements [4][39]. - Supply of soda ash has increased week-on-week due to reduced maintenance schedules and new capacity coming online, leading to significant pressure on the supply side [4][39]. - Demand for soda ash has slightly decreased, particularly in heavy soda ash, while light soda ash demand remains stable [4][39]. Group 2 - Inventory levels for soda ash have significantly increased, with production company inventories rising sharply and social inventories slightly declining, indicating an overall surplus in supply [4][39]. - The short-term strategy for soda ash is expected to be characterized by low-level fluctuations, with a price range of 1180-1280 for the SA2605 contract [4][40]. - In the medium term, the market is expected to remain bearish due to persistent oversupply, with a focus on selling opportunities after price rebounds [5][40]. Group 3 - The production cost of soda ash has shown slight fluctuations, with the cost for ammonia-based production at 1308 yuan/ton and for co-production at 1648 yuan/ton [11][46]. - The overall operating rate for soda ash production has increased to 84.39%, with weekly production rising to 75.36 million tons [13][49]. - The soda ash sales-to-production ratio has decreased to 78.18%, indicating a decline in market activity [16][53]. Group 4 - The glass market has seen a decrease in supply due to maintenance on production lines, which has positively impacted prices [26][64]. - Demand for glass has slightly decreased, with increased speculative demand noted, particularly in the context of a weak real estate market [26][64]. - Glass inventory has decreased by nearly 7,000 tons week-on-week, indicating improved sales activity [26][75].

数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 企业周期内延续控产，拖拽样本企业产能利用率下行，随着检修装置逐步恢复，本周轮胎企业产能利用率 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 或有小幅回升。br2603合约短线预计在11700-12500区间波动。 合成橡胶产业日报 2026-01-12 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 主力合约收盘价:合成橡胶(日,元/吨) | 12070 | 55 主力合约持仓量:合成橡胶(日,元/吨) | 22742 | -3597 | | | 合成橡胶2-3价差(日,元/吨) | -35 | 15 仓单数量:丁二烯橡胶:仓库:总计(日,吨) | 4530 | 0 | | 现货市场 | 主流价:顺丁橡胶(BR9000,齐鲁石化):山 | 11950 | -50 主流价:顺丁橡胶(BR9000,大庆石化):山 | 11950 | -50 | | | 东(日,元/吨) 主流价:顺丁橡胶 ...

企业产能利用率下行，随着检修装置逐步恢复，本周轮胎企业产能利用率或有小幅回升。ru2605合约短线 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 预计在15600-16400区间波动，nr2603合约短线预计在12650-13250区间波动。 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 天然橡胶产业日报 2026-01-12 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 沪胶主力合约收盘价(日,元/吨) | 16130 | 100 20号胶主力合约收盘价(日,元/吨) | 13010 | 60 | | | 沪胶5-9差(日,元/吨) | 20 | -5 20号胶2-3价差(日,元/吨) | -50 | -5 | | 期货市场 | 沪胶与20号胶价差(日,元/吨) ...

Report Industry Investment Rating - Short-term shock is on the strong side [1] Core Viewpoints - The supply of soda ash is increasing and demand is weakening, which may intensify the supply-demand contradiction. However, in the short term, boosted by macro expectations and the sharp rise in coal prices, the price may maintain a volatile and strong operation, but the upward space may be limited. Follow-up attention should be paid to changes in downstream demand, macro policies, and market sentiment [4] Summary by Directory Market Review - **Futures Market**: The main contract of soda ash opened high and moved low, showing a weak intraday shock. The 120-minute Bollinger Bands continued to have three tracks upward, indicating a short-term shock on the strong side. The upper pressure was focused on the 20 and 60 moving averages on the weekly line, and the support continued to focus on the 40 moving average on the daily line. The trading volume decreased by 643,000 lots compared with the previous day, and the open interest decreased by 1,967 lots. The intraday high was 1,242, the low was 1,204, and the closing price was 1,228, a decrease of 20 yuan/ton (1.6% decline) compared with the previous settlement price [1] - **Spot Market**: It was stable with fluctuations. The enterprise equipment was generally stable with minor adjustments, and the maintenance expectations were few. The industrial supply hovered at a high level. The downstream purchasing sentiment was average, the demand was neither strong nor weak, and most of them maintained low-price on-demand replenishment and were resistant to high prices [1] - **Basis**: The spot price of heavy soda ash in North China was 1,250, and the basis was 22 yuan/ton [1] Fundamental Data - **Supply**: As of January 8, the domestic soda ash output was 753,600 tons, a month-on-month increase of 56,500 tons (8.11% increase). Among them, the light soda ash output was 349,100 tons, a month-on-month increase of 23,000 tons; the heavy soda ash output was 404,500 tons, a month-on-month increase of 33,500 tons. The comprehensive capacity utilization rate was 84.39%, compared with 79.96% last week, a month-on-month increase of 4.43%. Among them, the ammonia-soda process capacity utilization rate was 90.41%, a month-on-month increase of 11.20%; the combined process capacity utilization rate was 74.11%, a month-on-month increase of 1.33%. The overall capacity utilization rate of 15 enterprises with an annual production capacity of one million tons and above was 88.15%, a month-on-month increase of 2.24% [2] - **Inventory**: The total inventory of domestic soda ash manufacturers was 1.5727 million tons, an increase of 64,300 tons compared with Monday (4.26% increase). Among them, the light soda ash was 836,500 tons, a month-on-month increase of 40,800 tons; the heavy soda ash was 736,200 tons, a month-on-month increase of 23,500 tons. Compared with last Wednesday, it increased by 164,400 tons (11.67% increase). Among them, the light soda ash was 836,500 tons, a month-on-month increase of 104,300 tons; the heavy soda ash was 736,200 tons, a month-on-month increase of 60,100 tons. The inventory at the same time last year was 1.4708 million tons, a year-on-year increase of 10,190 tons (6.93% increase) [2] - **Demand**: This week, the shipment volume of soda ash enterprises was 589,200 tons, a month-on-month decrease of 18.99%; the overall shipment rate of soda ash was 78.18%, a month-on-month decrease of 26.15%. The downstream demand for soda ash was average, mainly consuming inventory and purchasing at low prices. Light soda ash was relatively stable. At the end of last month, some glass production lines were shut down for cold repair, and the rigid demand for heavy soda ash weakened [2][3] - **Profit**: According to Longzhong Information statistics, the theoretical profit (double tons) of the combined process was -40 yuan/ton, a month-on-month decrease of 12.68%. The theoretical profit of the ammonia-soda process was -57.85 yuan/ton, a month-on-month increase of 39.65%. During the week, the price of raw material ore salt was stable, and the price of thermal coal increased, resulting in an increase in costs [3] Main Logic Summary - The current daily output of soda ash has reached 110,300 tons, with a capacity utilization rate of 84.39%. Coupled with the gradual release of new production capacity, the overall output is constantly increasing. Before the New Year's Day, 6 glass production lines were shut down for cold repair, and this week, another 3 production lines were shut down for cold repair, further weakening the rigid demand for soda ash and continuously increasing the inventory. However, there is certain short-term support under continuous losses and positive macro sentiment [4]

证券日报网讯1月9日，金奥博（002917）在互动平台回答投资者提问时表示，公司民爆产品的产能利用 率统计口径为安全生产许可产能利用率，公司专用设备因根据客户的需求提供差异化的产品设计，难以 按照标准化产品统计产能，产量主要取决于所获取的订单，即通过销量来确定产量。公司2025年整体产 能利用率保持稳定，第四季度的整体产能利用情况较前三季度有所提升。目前公司整体生产经营状况正 常，根据订单情况合理安排生产。 ...

□四川日报全媒体记者 周海波 徐浩煊 1月4日，2026年的第一个工作日，吉利远程新能源商用车集团南充生产基地传来好消息——吉利 四川商用车N72新车型第21300辆汽车顺利下线。该型号整车最高日下线量突破130台，产量再创 新高。 产线火热，是南充向"沉睡产能"要增量、提升发展质效的缩影。时间回到2024年，南充工业的关 键指标"亮红灯"：工业增加值占GDP比重仅17%、规上工业营业收入仅1186亿元——均居全省7个 区域中心城市末位。 2024年2月，南充市委首次提出"产业为本、工业当家"，将其确定为"最重要、最现实、最紧迫"的 发展任务。时隔近两年，南充工业发生了哪些变化？ 从53.4%到64.7% "沉睡产能"醒过来 由此还引发一系列连锁反应——产能有限，企业难以获得"量大从优"的用能政策优惠，生产成本 居高不下。"以用电为例，全市用电大户少，导致输配电压等级偏低，无法争取到电价优惠。2024 年，南充全市工业用电均价为每度0.644元。"宇震介绍，这一电价在全省7个区域中心城市中高居 首位。 生产成本高，产品单价就高、订单就不饱和，难以形成规模效应。"我们算过一笔账，因为量上不 去，生产线即便'开一 ...

【冠通期货研究报告】 一、市场行情回顾 1，期货市场：纯碱主力高开高走，日内强势。120 分钟布林带三轨开口向 上，短期震荡偏强信号，上方压力重点关注周线的 60 均线附近，支撑关注日线 的 60/40 均线附近。成交量较昨日增 152.1 万手，持仓量较昨日减 15426 手；日 内最高 1277，最低 1188，收盘 1271，（较昨日结算价）涨 89 元/吨，涨幅 7.53%。 2，现货市场：价格趋稳。个别装置负荷小幅提升，检修预期较少，行业供 应高位徘徊。下游需求表现一般，多按需补货，低价成交为主。 3，基差：华北重碱现货价格 1250，基差-21 元/吨。 二、基本面数据 供应方面，截止 1 月 1 日，国内纯碱产量 69.71 万吨，环比-1.47 万吨，跌 幅 2.07%。其中，轻碱产量 32.61 万吨，环比-0.02 万吨；重碱产量 37.1 万吨， 环比-1.45 万吨。综合产能利用率 79.96%，上周 81.65%，环比-1.69%。其中氨 碱产能利用率 79.21%，环比-4.11%；联产产能利用率 72.77%，环比-1.08%。15 家年产能百万吨及以上规模企业整体产能利用率 8 ...