点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客 户，用作新媒体形势下研究信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿 订阅、接收或使用本订阅号中的任何信息。本订阅号难以设置访问权限，若给您造成不便， 敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相关人员为光大 证券的客户。 报告摘要 军工新材料：电解钴价格上涨 （1）本周电解钴价格25.00 万元/吨，环比+0.8%。本周电解钴和钴粉价格比值0.93 ，环比+0.8%；电解钴 和硫酸钴价格比值为5.04 ，环比-0.4%。（2）碳纤维本周价格83.8元/千克，环比+0%。毛利-8.51元/千 克。（3）铍价格本周持平。 新能源车新材料：电碳价格近5个月首次上涨 （1）本周Li2O 5%锂精矿中国到岸价582.5美元/吨，环比 +6.88%。（2）本周电碳、工碳和电池级氢氧化 锂价格分别为6.13 、5.98 和5.77 万元/吨，环比+1.6%、+1.91%和-1.1%。电碳与工碳价差为2024年11月以 来新低，或代表锂电景气度相较工业领域有所减弱。（ ...

"兖州区是山东省科技创新强县、山东省技术转移先进区，拥有大批优质的科技企业、良好的产业基 础、完善的基础设施，正是由于这些优势条件，西安交通大学国家大学科技园选择在兖州设立分支机 构"。西安交大兖州科技园总经理徐磊表示。 中国发展网讯3个项目签约落地，3个省外招引项目正在跟踪推进，成功对接8个高校专家团队，组织了7 场技术交流会议，面向区内40家科技企业集中推介4个优质项目……西安交通大学兖州科技园揭牌成立 以来，各项工作取得了阶段性成效，还有一批科技项目正在运作之中。以西安交大兖州科技园为载体， 山东省济宁市兖州区正积极构建区域创新生态系统，推动支柱产业向高端化、智能化转型迈出坚实步 伐。 依托西安交通大学的科技创新资源，科技园围绕兖州高端装备制造、新材料、新能源等产业的转型升级 需求，将技术研发攻关、成果转化、企业孵化培育等功能有机融合，持续落地转化先进技术成果，为兖 州企业发展注入创新动力。截至目前已累计梳理西安交通大学可转化科技成果203项，精准匹配区内企 业技术需求36项。 "我们针对发挥好科技园高端平台作用，建立起了一套科技服务体系，除聚焦技术转移、推动成果转 化、开展项目孵化等工作外，更加重视科 ...

2025 年 7 月 7 日 有色金属 电碳价格近 5 个月首次上涨，电解钴价格创近 1 个月新高 ——金属新材料高频数据周报（20250630-20250706） 要点 军工新材料：电解钴价格上涨。（1）本周电解钴价格 25.00 万元/吨，环比 +0.8%。本周电解钴和钴粉价格比值 0.93 ，环比+0.8%；电解钴和硫酸钴价 格比值为 5.04 ，环比-0.4%。（2）碳纤维本周价格 83.8 元/千克，环比 +0%。毛利-8.51 元/千克。（3）铍价格本周持平。 新能源车新材料：电碳价格近 5 个月首次上涨。（1）本周 Li2O 5%锂精矿中 国到岸价 582.5 美元/吨，环比 +6.88%。（2）本周电碳、工碳和电池级氢氧 化锂价格分别为 6.13 、5.98 和 5.77 万元/吨，环比+1.6%、+1.91%和 -1.1%。电碳与工碳价差为 2024 年 11 月以来新低，或代表锂电景气度相较 工业领域有所减弱。（3）本周硫酸钴价格 4.89 万元/吨，环比+0.10%。 （4）本周磷酸铁锂、523 型正极材料价格分别为 3.05 、10.56 万元/吨，环 比+0.50%、+0.0%。（5 ...

Core Insights - The Chongqing Baitao Industrial Park is transforming into a vibrant new materials industry hub, achieving an industrial output value of 119.9 billion yuan in 2024 [1] - The park's development is supported by its clear industrial positioning and continuous clustering of industries, with the materials industry projected to contribute 87.7 billion yuan in 2024 [2] Industry Development - The materials industry is the core pillar of the park, encompassing chemical materials such as polyurethane, polyamide, and metallurgical materials like iron and aluminum alloys [2] - The park is divided into three major areas: Baitao focuses on upgrading chemical new materials, Lingang strengthens consumer goods and logistics, and Qingxi promotes non-ferrous metal industry efficiency [2] Energy Sector - The energy industry is also a key sector, expected to achieve a total output value of 19.5 billion yuan in 2024, with companies converting shale gas into natural gas for power generation [3] Consumer Goods Sector - The consumer goods industry is showing strong growth, with an output value of 11.1 billion yuan in 2024, driven by deep processing clusters in grain and oil [3] Project Implementation - The park has established a service mechanism for key enterprises, visiting nearly 100 companies in the first half of 2025 to address over 30 issues [4] - The park's leadership has conducted 29 investment promotion trips, successfully signing 10 projects in the fine chemical sector [4] Safety and Environmental Protection - Safety and environmental protection are prioritized, with a three-tier safety responsibility system in place and regular safety meetings conducted [5] - The park aims for green and low-carbon transformation, with 12 national-level green factories and 5 municipal-level green factories [6] Future Goals - The park aims to achieve an industrial output value of 140 billion yuan by 2025, with the materials industry expected to exceed 90 billion yuan [6]

Core Insights - Hangzhou has transformed from an e-commerce hub to an AI city, attracting numerous enterprises due to its favorable business environment and effective government services [1][3][5] Group 1: Investment Attraction - Despite high vacancy rates in many regions, Hangzhou has successfully attracted businesses by offering a superior business environment and proactive investment policies [3][4] - The city has seen a surge in interest from emerging companies in sectors like biomedicine, aerospace, and new materials, which were initially considering other locations [3][4] - Hangzhou's approach contrasts with other regions that have resorted to drastic rent reductions, which have not proven effective in attracting businesses [3][4] Group 2: Evolving Investment Strategies - The focus of investment attraction has shifted from merely bringing companies in to ensuring they remain, emphasizing the need for enhanced value-added services [4][6] - Hangzhou's government has implemented efficient services, such as the "one-stop" service model, to streamline processes for businesses [4][5] - The city treats all incoming enterprises equally, providing comprehensive support tailored to their development stages, including financial incentives and talent policies [4][5] Group 3: Case Study - Qiantang Industrial Group - Qiantang Industrial Group has developed a specialized and professional approach to investment attraction, focusing on data-driven strategies and a comprehensive service system [6][8] - The group has successfully attracted high-quality enterprises in key industries like biomedicine and integrated circuits, fostering a positive industry cluster effect [8][9] - Qiantang Industrial Group has established a robust investment fund system, nurturing numerous "little giant" enterprises and facilitating their growth in the capital market [10]

行 基础化工 2025 年 07 月 07 日 业 研 究 基础化工 新材料周报：阿科力 5000 吨/年 COC 正式投产， 2025Q2 华为出货量同比增长 12% 投资要点： 行 业 定 期 报 告 本周行情回顾。本周，Wind 新材料指数收报 3844.35 点，环比上涨 1.28%。 其中，涨幅前五的有久日新材(21.01%)、东岳硅材(14.14%)、东材科技(14.01%)、 赛伍技术(13.66%)、国恩股份(12.65%)；跌幅前五的有新亚强(-14.41%)、长阳 科技(-7.7%)、阿科力(-7.12%)、三祥新材(-4.99%)、斯迪克(-4.39%)。六个子行 业中，申万三级行业半导体材料指数收报 6068.81 点，环比下跌 1.23%；申万 三级行业显示器件材料指数收报 1072.34 点，环比上涨 0.19%；中信三级行业 有机硅材料指数收报 5963.11 点，环比上涨 1.4%；中信三级行业碳纤维指数收 报 1176.94 点，环比下跌 1.82%；中信三级行业锂电指数收报 1859.72 点，环 比下跌 2.99%；Wind 概念可降解塑料指数收报 1886.73 点，环 ...

Core Insights - Gansu Wuwei City promoted investment opportunities and signed 122 projects with a total investment of 46.421 billion yuan during the 31st Lanzhou Investment and Trade Fair, focusing on various sectors including new energy, equipment manufacturing, new materials, digital industries, and deep processing of agricultural products [1][2] Group 1: New Energy Projects - New energy projects accounted for over 60% of the total investment, with significant projects including a 300 MW photovoltaic project in Liangzhou District with an investment of 4 billion yuan, which will include the construction of photovoltaic arrays and supporting booster stations [1] - Other notable projects include a 250,000 kW wind power project in Minqin County and a 2 million kW photovoltaic project in Gulang County, which will enhance energy utilization efficiency through the construction of supporting energy storage facilities [1] - The innovative decentralized wind power project for smart streetlights in Tianzhu County combines new energy with infrastructure development, showcasing a new path for green development [1] Group 2: New Materials Industry - Wuwei City is accelerating its new materials industry layout, with the Dayaoxinlei active nano-calcium-based materials industrial base project in Gulang County investing 1.12 billion yuan and producing 200,000 tons of nano-calcium-based materials annually [2] - A high-performance silicon-carbon anode materials project will be developed in three phases with a total investment of 1 billion yuan, providing critical material support for the new energy industry chain [2] - Additional projects include a 60,000 tons per year lithium-ion battery anode materials integration project in Minqin County and a static pressure graphite purification project in Liangzhou District, further enriching the new materials industry ecosystem [2] Group 3: Agricultural and Environmental Projects - The signed projects in the agricultural sector focus on technology empowerment, such as the edible mushroom smart industrial park in Tianzhu County and the modern potato industrial park in Liangzhou District, which aim to enhance the added value of the industry through intelligent technology [2] - In the green and environmental sector, projects like the comprehensive utilization project for 40,000 tons of waste lithium batteries in Gulang County and the Tianzhu Impression biological research and development base reflect the deep practice of circular economy concepts [2]

研报金选 金选导读 1、钙钛矿量产倒计时！2030年130GW市场引爆，成本暴跌40%至8毛，这3类企业或将垄断下 一代光伏市场 2、"以塑代钢"核心材料，飞机汽车+医疗+机器人的万亿赛道密码，一张产业图谱全部get 1、钙钛矿量产倒计时！2030年130GW市场引爆，成本暴跌40%至8毛，这3类企业或将垄断下 一代光伏市场 钙钛矿效率潜力高成本低、2025年GW线逐步落地，降本增效促进下，钙钛矿有望成为下一 代光伏电池技术方向，建议重点关注：1）钙钛矿组件：推荐……；2）设备： ……； 3） 封装： ……； 4）TCO玻璃： …… 点击解锁钙钛矿产业标的估值表 研报观点： ①光伏产能过剩价格低位，供给侧+新技术破局...... ②百MW中试线运行成熟，GW线逐步落地...... ③市场前景广阔，设备+材料率先受益…… 点此解锁研报全文及推荐详情 2、"以塑代钢"核心材料，飞机汽车+医疗+机器人的万亿赛道密码，一张产业图谱全部get PEEK材料在医疗领域聚焦人造骨骼、填充物等应用场景丰富；是飞机轻量化的关键解决方案；是 人形机器人关节与传动系统的核心替代材料。有机构预计，2027年人形机器人给PEEK行业贡 ...

Core Viewpoint - Changsha is focusing on building a modern industrial system by enhancing industrial chain collaboration, transforming traditional industries, and nurturing emerging industries, which is essential for regional economic vitality [1][2]. Group 1: Industrial Development Strategy - The strategy emphasizes the importance of creating a complete industrial chain and fostering collaborative industrial clusters to enhance regional economic resilience [1][3]. - Changsha has established 17 industrial chains, including engineering machinery and advanced energy storage materials, leading to the emergence of six trillion-level manufacturing industry clusters [10][14]. - The "chain-long system" initiated in 2017 aims to connect upstream and downstream supply chains, promoting collaborative development among enterprises [9][17]. Group 2: Case Studies and Examples - The introduction of Guangdong Bangpu Recycling Technology Co., Ltd. in 2007 marked an early investment in the lithium battery new energy sector, showcasing proactive industrial layout [4]. - The advanced energy storage materials industry in Changsha has maintained a stable output value at the billion-level despite a 90% drop in lithium carbonate prices, thanks to a complete industrial chain [11][12]. - The establishment of the "Changsha Sodium-Ion Battery Innovation Alliance" in 2022 demonstrates a strategic move to capture new market opportunities in sodium-ion battery technology [13]. Group 3: Ecosystem and Future Planning - Changsha is building an "industrial forest ecosystem" that integrates various industries, ensuring mutual growth and resource sharing among enterprises [19][20]. - The "4433" modern industrial system includes four pillar industries, four emerging industries, three traditional industries, and three future industries, indicating a comprehensive approach to industrial development [21][23]. - The city is learning from other major cities to explore paths for emerging and future industries, enhancing its competitive edge in advanced manufacturing [22].

分析师：张刚 登记编码：S0730511010001 zhanggang@ccnew.com 021-50586990 晨会聚焦 | 国内市场表现 | | | | | --- | --- | --- | --- | | 指数名称 | | 昨日收盘价 | 涨跌幅(%) | | 上证指数 | | 3,472.32 | 0.32 | | 深证成指 | | 10,508.76 | -0.25 | | 创业板指 | | 2,022.77 | -0.47 | | 沪深 | 300 | 3,982.20 | 0.36 | | 上证 | 50 | 2,443.97 | -0.52 | | 科创 | 50 | 891.46 | 0.14 | | 创业板 | 50 | 1,924.26 | -0.67 | | 中证 | 100 | 3,770.32 | 0.25 | | 中证 | 500 | 5,911.44 | -0.19 | | 中证 | 1000 | 6,116.76 | 0.33 | | 国证 | 2000 | 7,801.23 | 0.58 | | 资料来源：聚源，中原证券研究所 | | | | 国际市场表现 | 指数 ...