证券研究报告 | 策略点评 2025 年 10 月 09 日 投资要点 分析师：孟之绪 执业编号：S0300524080001 电话： 邮箱：mengzhixu@ykzq.com 投资策略研究 粤开市场日报-20251009 今日关注 今日主要指数涨跌幅：沪指涨跌幅为 1.32%，深证成指涨跌幅为 1.47%， 创业板指涨跌幅为 0.73%。 申万一级行业表现：有色金属、钢铁、煤炭在行业涨跌幅榜居前；汽车、 食品饮料、商贸零售在行业涨跌幅榜居后。 | 图表 1： | | --- | | 今日主要指数涨跌幅（%）及概念板块表现 3 | 概念板块表现：总体来看，稀土、稀有金属、钴矿概念表现相对较好； 影视、免税店、光刻胶概念表现相对较差。 风险提示 股市有风险，投资需谨慎。 请务必阅读最后特别声明与免责条款 www.ykzq.com 1 / 5 | 一、市场回顾 | 3 | | --- | --- | | 二、风险提示 | 3 | 策略点评 一、市场回顾 图表1：今日主要指数涨跌幅（%）及概念板块表现 二、风险提示 股市有风险，投资需谨慎 请务必阅读最后特别声明与免责条款 www.ykzq.com 3 / 5 资 ...

江化微所属申万行业为：电子-电子化学品Ⅱ-电子化学品Ⅲ。所属概念板块包括：电子化学品、光刻 胶、中芯国际概念、增持回购、OLED等。 截至6月30日，江化微股东户数5.15万，较上期减少20.31%；人均流通股7483股，较上期增加25.48%。 2025年1月-6月，江化微实现营业收入5.80亿元，同比增长11.30%；归母净利润4806.96万元，同比减少 15.51%。 分红方面，江化微A股上市后累计派现1.77亿元。近三年，累计派现9982.07万元。 10月9日，江化微盘中上涨2.02%，截至13:00，报21.18元/股，成交2.72亿元，换手率3.36%，总市值 81.68亿元。 资金流向方面，主力资金净流入318.39万元，特大单买入832.16万元，占比3.06%，卖出1001.75万元， 占比3.68%；大单买入7175.78万元，占比26.39%，卖出6687.81万元，占比24.60%。 江化微今年以来股价涨27.21%，近5个交易日涨0.52%，近20日涨7.29%，近60日涨16.31%。 资料显示，江阴江化微电子材料股份有限公司位于江苏省江阴市周庄镇长寿云顾路581号，成立日期 ...

Core Viewpoint - The company is advancing its production capabilities in specialized materials for LCD displays and 5G technology, focusing on optimizing product structures and preparing for large-scale production [1][3]. Group 1: LCD Display Materials - The company is working on a project to produce 5,000 tons of LCD display photoresist specialized nano pigment dispersion liquid, which is essential for the production of color filters in LCD displays [1]. - This nano pigment dispersion liquid is a key raw material that affects the brightness, contrast, and color performance of photoresists used in color displays [1]. Group 2: 5G Technology Materials - The company has developed 500 tons of electronic-grade hydrocarbon resin products at its Panjin base, which are primarily used for 5G high-speed copper-clad laminates [1]. - These hydrocarbon resin products are classified as M6 to M8 grade and have already been sampled and supplied in small batches to some downstream customers, preparing for project acceptance and subsequent large-scale production [1].

今年以来西陇科学已经5次登上龙虎榜，最近一次登上龙虎榜为9月24日，当日龙虎榜净买入361.92万 元；买入总计1.20亿元 ，占总成交额比9.07%；卖出总计1.16亿元 ，占总成交额比8.79%。 分红方面，西陇科学A股上市后累计派现2.17亿元。近三年，累计派现3101.65万元。 责任编辑：小浪快报 9月30日，西陇科学（维权）盘中下跌2.09%，截至13:33，报8.92元/股，成交2.97亿元，换手率7.04%， 总市值52.20亿元。 资料显示，西陇科学股份有限公司位于广东省广州市黄埔区科学城新瑞路6号，成立日期1994年7月19 日，上市日期2011年6月2日，公司主营业务涉及主要从事化学试剂的研发、生产、销售,并从事部分化 工原料、原料药及食品添加剂等业务。主营业务收入构成为：专用化学品62.60%，化工原料15.12%， 电子化学品9.66%，通用试剂7.71%，锂电池正极材料4.00%，原料药及食品添加剂0.86%，其他(补 充)0.04%。 资金流向方面，主力资金净流出2336.43万元，特大单买入543.82万元，占比1.83%，卖出985.93万元， 占比3.32%；大单买入369 ...

Core Viewpoint - Feikai Materials has shown significant stock performance and financial growth, indicating a positive outlook for the company in the high-tech materials sector [1][2]. Financial Performance - As of September 19, 2025, Feikai Materials achieved a revenue of 1.462 billion yuan, representing a year-on-year growth of 3.80% [2]. - The net profit attributable to shareholders for the same period was 217 million yuan, marking a substantial increase of 80.45% year-on-year [2]. - Cumulatively, the company has distributed 318 million yuan in dividends since its A-share listing, with 137 million yuan distributed over the last three years [3]. Stock Performance - The stock price of Feikai Materials increased by 66.87% year-to-date, with a 2.59% rise over the last five trading days, 14.17% over the last twenty days, and 28.82% over the last sixty days [1]. - As of September 30, the stock was trading at 26.19 yuan per share, with a market capitalization of 14.848 billion yuan [1]. Shareholder Information - The number of shareholders increased to 62,200 as of September 19, 2025, reflecting a 4.95% rise [2]. - The average number of circulating shares per shareholder decreased by 4.72% to 9,064 shares [2]. - Notable institutional holdings include Southern CSI 1000 ETF, which increased its holdings by 102,170 shares, and Hong Kong Central Clearing Limited, which reduced its holdings by 190,900 shares [3]. Business Overview - Feikai Materials specializes in the research, production, and sales of new materials, particularly ultraviolet curing materials, with a revenue breakdown of 52.32% from display materials, 24.51% from semiconductor materials, and 22.78% from ultraviolet curing materials [1]. - The company is classified under the electronic chemicals industry and is involved in several concept sectors, including photolithography and advanced packaging [1].

Core Viewpoint - The stock of Baolidi has shown significant fluctuations, with a year-to-date increase of 47.52%, but a recent decline of 1.61% over the last five trading days, indicating volatility in investor sentiment and market conditions [1]. Financial Performance - For the first half of 2025, Baolidi reported a revenue of 676 million yuan, representing a year-on-year growth of 1.47%, while the net profit attributable to shareholders was 63.81 million yuan, up 15.19% compared to the previous period [2]. - Cumulatively, Baolidi has distributed 300 million yuan in dividends since its A-share listing, with 170 million yuan distributed over the last three years [3]. Stock Market Activity - As of September 30, Baolidi's stock price reached 38.00 yuan per share, with a trading volume of 117 million yuan and a turnover rate of 2.25%, resulting in a total market capitalization of 6.794 billion yuan [1]. - The stock experienced a net outflow of 18.95 million yuan from major funds, with significant selling pressure observed, as 1.83 million yuan was sold by large orders, indicating potential concerns among institutional investors [1]. Company Overview - Baolidi, established on December 13, 2002, and listed on November 5, 2020, specializes in the research, production, and sales of core raw materials for chemical fiber, particularly focusing on colored and functionally modified fiber masterbatches [1]. - The company's revenue composition is primarily from masterbatches (97.33%), followed by color pastes (1.97%), inks (0.47%), and other products (0.23%) [1].

Group 1 - The core viewpoint of the news is that Hunan Kaimete Gas Co., Ltd. has shown significant stock price performance and financial growth in recent months, with a notable increase in market capitalization and trading activity [1][2]. - As of September 30, Kaimete Gas's stock price increased by 294.45% year-to-date, with a market capitalization of 16.814 billion yuan and a trading volume of 1.274 billion yuan [1]. - The company has been actively featured on the trading leaderboard, appearing 23 times this year, with the most recent net buy of -162 million yuan on September 26 [1]. Group 2 - Kaimete Gas, established on June 11, 1991, and listed on February 18, 2011, specializes in the research, production, and sales of industrial gases, including carbon dioxide and hydrogen, with a revenue composition of 33.46% hydrogen, 31.72% carbon dioxide, and 28.50% fuel products [2]. - As of June 30, 2025, Kaimete Gas reported a revenue of 310 million yuan, reflecting a year-on-year growth of 10.52%, and a net profit of 55.846 million yuan, marking a substantial increase of 199.82% [2]. - The company has distributed a total of 321 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3].

9月30日，格林达盘中上涨2.07%，截至10:04，报29.65元/股，成交4355.65万元，换手率0.74%，总市值 59.17亿元。 资金流向方面，主力资金净流入34.20万元，大单买入555.36万元，占比12.75%，卖出521.17万元，占比 11.97%。 格林达今年以来股价涨29.08%，近5个交易日涨6.89%，近20日涨12.18%，近60日涨14.08%。 今年以来格林达已经1次登上龙虎榜，最近一次登上龙虎榜为3月5日。 资料显示，杭州格林达电子材料股份有限公司位于浙江省萧山区杭州萧山临江工业园区红十五路9936 号，成立日期2001年10月17日，上市日期2020年8月19日，公司主营业务涉及从事超净高纯湿电子化学 品的研发、生产和销售业务。主营业务收入构成为：湿电子化学品98.16%，副产品1.66%，其他 0.18%。 格林达所属申万行业为：电子-电子化学品Ⅱ-电子化学品Ⅲ。所属概念板块包括：光刻胶、电子化学 品、半导体、集成电路、芯片概念等。 截至6月30日，格林达股东户数1.46万，较上期增加22.20%；人均流通股13631股，较上期减少18.17%。 2025年1月-6月 ...

Company Overview - Xilong Scientific Co., Ltd. is located in Huangpu District, Guangzhou, Guangdong Province, and was established on July 19, 1994. The company was listed on June 2, 2011. Its main business involves the research, production, and sales of chemical reagents, as well as some chemical raw materials, active pharmaceutical ingredients, and food additives [2] - The revenue composition of Xilong Scientific includes: specialized chemicals 62.60%, chemical raw materials 15.12%, electronic chemicals 9.66%, general reagents 7.71%, lithium battery cathode materials 4.00%, active pharmaceutical ingredients and food additives 0.86%, and others 0.04% [2] - As of June 30, the number of shareholders of Xilong Scientific was 87,100, an increase of 8.25% from the previous period, with an average of 5,375 circulating shares per person, an increase of 0.06% [2] Financial Performance - For the first half of 2025, Xilong Scientific achieved operating revenue of 3.368 billion yuan, a year-on-year decrease of 14.78%. The net profit attributable to the parent company was -75.3173 million yuan, a year-on-year decrease of 276.35% [2] - Since its A-share listing, Xilong Scientific has cumulatively distributed cash dividends of 217 million yuan, with a total of 31.0165 million yuan distributed in the past three years [3] Stock Performance - On September 29, Xilong Scientific's stock price fell by 2.04%, closing at 9.12 yuan per share, with a trading volume of 274 million yuan and a turnover rate of 6.33%. The total market capitalization was 5.337 billion yuan [1] - Year-to-date, Xilong Scientific's stock price has increased by 26.84%, with a decline of 3.49% over the last five trading days, a rise of 4.23% over the last 20 days, and a decline of 4.40% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" five times this year, with the most recent appearance on September 24, where the net buying on that day was 3.6192 million yuan, accounting for 9.07% of the total trading volume [1]

截至9月19日，国林科技股东户数2.03万，较上期增加5.40%；人均流通股7236股，较上期减少5.12%。 2025年1月-6月，国林科技实现营业收入2.59亿元，同比增长22.99%；归母净利润-988.17万元，同比增 长59.97%。 9月29日，国林科技盘中上涨2.02%，截至13:09，报16.68元/股，成交1.11亿元，换手率4.60%，总市值 30.69亿元。 资金流向方面，主力资金净流出867.93万元，特大单买入134.22万元，占比1.21%，卖出485.46万元，占 比4.38%；大单买入1312.78万元，占比11.84%，卖出1829.47万元，占比16.51%。 国林科技今年以来股价涨20.00%，近5个交易日跌1.88%，近20日涨4.58%，近60日涨11.65%。 今年以来国林科技已经1次登上龙虎榜，最近一次登上龙虎榜为3月28日，当日龙虎榜净买入-5413.27万 元；买入总计5485.03万元 ，占总成交额比6.15%；卖出总计1.09亿元 ，占总成交额比12.22%。 资料显示，青岛国林科技集团股份有限公司位于山东省青岛市崂山区株洲路188号甲1号楼7层，成立日 ...