近日该股表现 | 日期 | 当日涨跌幅（%） | 换手率（%） | 主力资金净流入（万元） | | --- | --- | --- | --- | | 2026.01.08 | 5.24 | 5.45 | 876.79 | | 2026.01.07 | 0.00 | 3.38 | -530.35 | | 2026.01.06 | -1.04 | 5.70 | -1299.33 | | 2026.01.05 | 4.89 | 3.83 | 15.11 | | 2025.12.31 | 5.14 | 2.19 | 348.36 | | 2025.12.30 | -1.69 | 1.21 | -815.52 | | 2025.12.29 | 0.00 | 1.32 | -8.73 | | 2025.12.26 | 0.56 | 1.61 | 160.53 | | 2025.12.25 | 2.91 | 1.22 | 353.47 | | 2025.12.24 | 1.78 | 0.66 | 286.40 | MACD金叉信号形成，这些股涨势不错！ MACD金叉信号形成，这些股涨势不错！ *ST辉丰再度涨停，6个交易 ...

Group 1: Potash Market - Global potash supply and demand are tightly balanced, with international potash prices on the rise. China, being the largest potash consumer, has an import dependency exceeding 60%. In 2024, China's potassium chloride production is expected to be 5.5 million tons, a decrease of 2.7% year-on-year, while imports are projected to reach 12.633 million tons, an increase of 9.1%, marking a historical high [2] - As of December 2025, domestic potassium chloride port inventory is 2.4294 million tons, a decrease of 615,300 tons year-on-year, with a decline rate of 0.21%. Due to increasing emphasis on food production safety, it is anticipated that domestic potash safety stock will rise to over 4 million tons [2] - The average market price of potassium chloride in December was 3,282 yuan/ton, reflecting a month-on-month increase of 0.83% and a year-on-year increase of 30.45% [2] Group 2: Phosphate Market - The long-term price center for phosphate rock is expected to remain high due to declining extractable grades and increasing extraction costs in China, alongside growing demand from new sectors such as lithium iron phosphate. The market price for 30% grade phosphate rock has remained in the high price range of 900 yuan/ton for over three years [3] - As of December 31, 2025, the market price for 30% grade phosphate rock in Hubei is 1,040 yuan/ton, while in Yunnan it is 970 yuan/ton, both remaining stable compared to the previous month [3] Group 3: Lithium Iron Phosphate - China's lithium iron phosphate production capacity is currently 5.945 million tons per year, with a projected output of 3.82 million tons in 2025, representing a year-on-year increase of 48.59%. As of January 7, 2026, the market price for lithium iron phosphate is approximately 50,300 yuan/ton, up 57.19% from the lowest price of 32,000 yuan/ton in June 2025 [4] - The demand for lithium iron phosphate is driven by the growing energy storage and power battery sectors, leading to a significant increase in the demand for phosphorus-containing new energy materials [4] Group 4: Glyphosate Market - Glyphosate prices experienced fluctuations in 2025, rising from 23,200 yuan/ton in April to 27,700 yuan/ton in October, before declining to 23,800 yuan/ton by the end of the year. The price changes were primarily influenced by demand variations, particularly from South America [6] - The export of glyphosate from China to North America saw a significant increase of 62.89% year-on-year in the fourth quarter of 2024, but the high inventory levels in North America led to a decrease in demand towards the end of 2025 [6] Group 5: Investment Recommendations - For potash, the company recommends focusing on the resource scarcity attribute, particularly highlighting "Yara International," with expected potassium chloride production of 2.8 million tons in 2025 and 4 million tons in 2026 [7] - In the phosphate sector, the company suggests investing in leading firms with rich phosphate reserves such as "Yuntianhua" and "Xingfa Group," while also monitoring companies like "Hubei Yihua" and "Yuntu Holdings" that are improving phosphate self-sufficiency [7] - In the pesticide sector, recommended companies include "Yangnong Chemical" and "Lier Chemical," with a focus on firms like "Xingfa Group" and "Limin Co." that are expanding their product lines and market presence [7]

Core Viewpoint - The company emphasizes a customer-centric strategy, focusing on serving existing clients while actively seeking new customers across various sectors such as crop protection, pharmaceuticals, and renewable energy [1] Group 1: Customer Strategy - The company implements a major client strategy across all segments, prioritizing the service of existing customers [1] - The company believes that focusing on serving existing clients and continuously expanding the customer base fosters mutual trust and long-term cooperation [1] Group 2: Market Expansion - The company is actively exploring new clients in the crop protection, pharmaceutical, and renewable energy sectors [1] - The company aims to enhance its technical capabilities and market reach as part of its growth strategy [1]

Investment Rating - The report maintains an "Outperform" rating for the agricultural chemical industry [5][9]. Core Views - The potassium fertilizer supply and demand are tightly balanced, with international prices rising. China, being the largest consumer, has a high import dependency exceeding 60%. The domestic production of potassium chloride is expected to decrease by 2.7% in 2024, while imports are projected to reach a historical high of 12.633 million tons, a year-on-year increase of 9.1% [1][24]. - The long-term price of phosphate rock is expected to remain high due to declining grades and increasing extraction costs, coupled with growing demand from new applications like lithium iron phosphate [2][50]. - The price of glyphosate has shown volatility, with a significant increase during the South American planting season, followed by a decline due to high North American inventories [4][49]. Summary by Sections Potassium Fertilizer - The global potassium fertilizer market is characterized by a supply-demand imbalance, with prices expected to recover due to resource scarcity and geopolitical factors affecting supply chains [1][44]. - Domestic potassium chloride prices have shown an upward trend, with the average price at 3,282 RMB/ton by the end of December, reflecting a year-on-year increase of 30.45% [1][40]. Phosphate Chemicals - The phosphate rock market is experiencing tight supply conditions, with prices for 30% grade phosphate rock remaining high at around 1,040 RMB/ton in Hubei and 970 RMB/ton in Yunnan [2][50]. - The production capacity of lithium iron phosphate is projected to grow significantly, with a year-on-year increase of 48.59% expected in 2025 [2][51]. Pesticides - The glyphosate market is expected to see price improvements in 2026, following a period of price fluctuations influenced by seasonal demand and inventory levels [4][49]. - The report highlights several key companies in the pesticide sector, including Yangnong Chemical and Lier Chemical, which are positioned to benefit from rising prices and demand [8][49]. Investment Recommendations - Key recommendations include focusing on companies with strong potassium and phosphate resources, such as Yara International and Yun Tianhua, which are expected to benefit from the ongoing demand and supply dynamics in the agricultural chemical sector [7][9].

Investment Rating - The report maintains an "Outperform" rating for the agricultural chemical industry [5][9]. Core Views - The potassium fertilizer supply and demand are tightly balanced, with international prices rising. China, being the largest consumer, has a high import dependency exceeding 60%. The domestic production of potassium chloride is expected to decrease by 2.7% in 2024, while imports are projected to reach a historical high of 12.633 million tons, a year-on-year increase of 9.1% [1][24]. - The long-term price center for phosphate rock is expected to remain high due to declining grades and increasing extraction costs, alongside growing demand from new applications like lithium iron phosphate. The domestic supply-demand situation for phosphate rock is tightening, with prices for 30% grade phosphate rock remaining elevated [2][50]. - The price of glyphosate has shown volatility, with a peak during the South American planting season and a subsequent decline due to high North American inventories. The report anticipates a recovery in glyphosate prices in 2026 [4][49]. Summary by Sections Potassium Fertilizer - The global potassium fertilizer market is characterized by a supply-demand imbalance, with prices expected to recover due to resource scarcity and geopolitical factors affecting supply chains [1][44]. - Domestic potassium chloride prices are projected to stabilize around 3,100-3,200 CNY/ton, with expectations of maintaining high inventory levels for food security [24][40]. Phosphate Chemicals - The phosphate rock market is experiencing a tightening supply-demand balance, with prices for 30% grade phosphate rock remaining above 900 CNY/ton for over three years. The report highlights the increasing demand from lithium battery applications [2][50]. - Phosphate chemical prices have shown upward trends for products like lithium iron phosphate, while glyphosate prices have decreased significantly [49][51]. Pesticides - The report suggests a potential recovery in the pesticide sector, particularly for glyphosate and its derivatives, as the industry undergoes restructuring to improve profitability [4][8]. - Companies such as Yangnong Chemical and Lier Chemical are highlighted as key players in the pesticide market, with recommendations for investment [7][8].

Core Viewpoint - The company Beishimei's subsidiary, Jiangsu Yong'an Chemical Co., has been prosecuted for environmental pollution, which may impact its financial performance, although the company claims operations are normal and has completed necessary rectifications [1][2]. Group 1: Legal Issues - Jiangsu Yong'an Chemical has been charged with environmental pollution due to interference with automatic monitoring facilities, leading to distorted data [1][2]. - The prosecution suggests that there are mitigating circumstances for the involved personnel, indicating potential for leniency in sentencing [2]. - The company is unable to assess the impact of the legal proceedings on its current or future profits until a court decision is made [2]. Group 2: Financial Performance - In 2023, Yong'an Chemical reported revenue of 599 million yuan and a net profit of 94.01 million yuan, but in 2024, it faced a significant downturn with revenue dropping to 423 million yuan and a net loss of 571,300 yuan [3]. - The decline in performance is attributed to a de-inventory cycle for its main product, dimethenamid, and weak demand from downstream customers [3]. - In the first half of 2025, Yong'an Chemical returned to profitability with a net profit of 7.44 million yuan [4]. Group 3: Environmental Investments - Yong'an Chemical has consistently invested in environmental protection, with expenditures of 13.82 million yuan in 2023 and 12.06 million yuan in 2024 [4]. Group 4: Corporate Developments - Beishimei acquired an additional 4.11% stake in Yong'an Chemical for 49.32 million yuan, making it a wholly-owned subsidiary [3]. - The company's actual controller, Chen Feng, is under investigation by the China Securities Regulatory Commission for regulatory violations [4].

Core Viewpoint - Yangnong Chemical's stock price has shown fluctuations with a recent decline of 2.03%, while the company has experienced a year-to-date increase of 3.07% in stock price, indicating mixed market sentiment [1] Financial Performance - For the period from January to September 2025, Yangnong Chemical achieved a revenue of 9.156 billion yuan, representing a year-on-year growth of 14.23%. The net profit attributable to shareholders was 1.055 billion yuan, reflecting a growth of 2.88% [2] - Cumulative cash dividends since the company's A-share listing amount to 2.833 billion yuan, with 1.137 billion yuan distributed over the past three years [3] Shareholder Structure - As of September 30, 2025, the number of shareholders for Yangnong Chemical decreased by 6.49% to 16,900, while the average circulating shares per person increased by 7.24% to 23,883 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 14.2374 million shares, a decrease of 2.0554 million shares from the previous period. New entrants include Penghua CSI Subdivision Chemical Industry Theme ETF [3]

在原药方面，江苏永安化工目前掌握二甲戊灵原药提纯核心技术，通过持续技术创新，其产品纯度稳定 达到98%以上（国内行业平均水平为96%），且关键杂质亚硝胺含量低于10ppm，优于欧盟标准 （40ppm），完全满足美国（10ppm）及欧盟等全球最严苛的法规要求。该技术突破使公司产品获得国 内外客户广泛认可，奠定了其在全球二甲戊灵市场的领先地位。 数据显示，当前二甲戊灵正逐步替代乙草胺、氟乐灵等传统除草剂，在欧洲更被广泛用作草甘膦的混用 助剂，全球市场需求稳步增长，前景广阔。根据观研报告网数据，近年来全球除草剂市场持续增长。 2022—2028年全球除草剂市场规模或将从463亿元增长至突破600亿元，CAGR为4.6%。 1月7日，贝斯美(300796)发布公告称，公司全资子公司永安化工收到江苏省涟水县人民检察院出具的 《起诉书》，根据检察机关查明的事实及相关法律规定，永安化工及涉案人员具有明确的从轻、从宽处 罚情节，同时建议可以从轻、从宽处理。目前永安化工生产经营活动正常开展。针对此次诉讼涉及的问 题，永安化工已于2024年完成整改，并在2025年2月25日重新申请排污许可证，获得淮安市生态环境局 审核通过。 值 ...

Core Viewpoint - The implementation of the "one certificate, one product" policy is beneficial for companies like Limin Co., Ltd. (002734) that have abundant registration resources, scale advantages, and strong brand influence, leading to increased industry concentration, market competitiveness, and brand strength [1]. Group 1: Industry Impact - The "one certificate, one product" policy raises the entry barriers in the domestic formulation industry, which is expected to further enhance industry concentration [1]. - The company will continue to carry out registration work to increase its reserve of high-quality registration resources, creating a new competitive moat under the new policy [1]. Group 2: Company Strengths - The company currently holds a total of 328 various pesticide certificates, including 50 active ingredient registration certificates and 278 formulation registration certificates, covering multiple product categories such as fungicides, insecticides, herbicides, soil conditioners, and seed coatings [1]. - With a rich registration resource base, the company can provide a one-stop application solution across multiple categories, which is expected to further enhance the market competitiveness of its domestic formulation products [1]. - The company will leverage its existing advantages in active ingredient varieties and the integration of active ingredients and formulations, focusing on existing major products while continuously developing formulation products and enhancing brand building to create new major products, thereby increasing its brand influence [1].

中证报中证网讯(王珞)2026年1月7日晚间，贝斯美（300796）发布公告称，公司全资子公司江苏永安化 工有限公司(简称"永安化工")收到江苏省涟水县人民检察院出具的《起诉书》。检察机关认为，被告人 环保部员工关吉标干扰排污自动监测设施，致使监测数据严重失真。根据检察机关查明的事实及相关法 律规定，永安化工及涉案人员具有明确的从轻、从宽处罚情节，同时建议可以从轻、从宽处理。目前永 安化工生产经营活动正常开展。 目前，二甲戊灵正逐步替代乙草胺、氟乐灵等传统除草剂，在欧洲被广泛用作草甘膦的混用助剂，全球 市场需求稳步增长。贝斯美自主生产的中间体如4-硝、戊胺等，部分对外销售，部分供应永安化工进一 步加工为二甲戊灵原药及制剂后销往全球。 公告指出，针对此次诉讼涉及的问题，永安化工已于2024年完成整改，并在2025年2月25日重新申请排 污许可证并获得淮安市生态环境局审核通过。 值得注意的是，永安化工为公司核心子公司之一。永安化工成立于2005年12月，是国家定点农药原药生 产企业，专注于农药产品的研发、生产与销售，其核心产品为除草剂二甲戊灵，目前已打入欧美高端市 场，并成为国内率先通过欧盟原药等同性评审的企业。 ...