从资金流向上来看，当日化学原料板块主力资金净流出5.1亿元，游资资金净流入2416.27万元，散户资 金净流入4.86亿元。化学原料板块个股资金流向见下表： 证券之星消息，12月9日化学原料板块较上一交易日下跌1.67%，氯碱化工领跌。当日上证指数报收于 3909.52，下跌0.37%。深证成指报收于13277.36，下跌0.39%。化学原料板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 ...

证券之星消息，12月8日化学原料板块较上一交易日下跌0.84%，新金路领跌。当日上证指数报收于 3924.08，上涨0.54%。深证成指报收于13329.99，上涨1.39%。化学原料板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 000830 鲁西化工 | | - 1999.29万 | 4.49% | 1712.83万 | 3.84% | -3712.12万 | -8.33% | | 000545 金浦钛业 | | 1692.77万 | 10.85% | -1164.57万 | -7.46% | -528.20万 | -3.38% | | 601678 滨化股份 | | 1014.14万 | 5.00% | 1695.50万 | 8.36% | -2709.64万 | -13.36% | | 600328 中盐化工 | | 1003.42万 | 5.32% | 505.35万 | 2.68% ...

中国经济网北京12月8日讯 A股三大指数集体上涨，截至收盘，上证指数报3924.08点，涨幅0.54%，成交额8394.39 亿元；深证成指报13329.99点，涨幅1.39%，成交额11972.07亿元；创业板指报3190.27点，涨幅2.60%，成交额5818.21亿 元。 | 序号 | 板块 | 涨跌幅(%)▼ | 总成交量(万手) ▼ | 总成交额(亿元) * | 净流入(亿元) ▼ | 上涨家数 | 下跌家数 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 通信设备 | 3.55 | 2854.92 | 1481.20 | 84.94 | 80 | 7 | | 2 | 脂源等層 | 3.27 | 382.79 | 174.80 | 20.35 | 13 | 0 | | 3 | 其他电子 | 3.14 | 673.21 | 263.57 | 20.09 | 32 | 2 | | 4 | 元件 | 3.02 | 1394.08 | 601.08 | 53.04 | 56 | 4 | | 5 | 未含体 | 2.39 | 2201.55 ...

Group 1: Major Transactions - Bohai Chemical is planning to sell 100% equity of Tianjin Bohai Petrochemical and acquire control of Anhui Taida New Materials through a combination of share issuance and cash payment, leading to a significant asset restructuring [1] - Zhongneng Electric is set to acquire 65% equity and debt from three companies, which may constitute a major asset restructuring but will not involve share issuance or change in control [4] - Hai Tai Development has decided to terminate the acquisition of controlling interest in Zhixueyun Technology due to disagreements on key terms, ensuring no adverse impact on normal business operations [5] Group 2: Performance Updates - Wen's shares reported a sales revenue of 3.324 billion yuan from meat chickens in November, marking a year-on-year increase of 10.18% [6] - Shuguang shares saw a 71.07% year-on-year increase in vehicle sales, totaling 207 units in November [6] - Muyuan shares experienced a decline in sales revenue from commodity pigs, reporting 9.39 billion yuan, a decrease of 20.43% year-on-year [6] - Pengding Holdings reported a 5.58% year-on-year decrease in consolidated revenue for November [6] Group 3: Industry Developments - Xiangxi Dairy reported a 6.3% month-on-month increase in fresh milk production in November, although it saw a year-on-year decline of 6.47% [7] - Baisheng Intelligent plans to acquire 51% equity in Zhongke Shengu, which focuses on the research and application of core technologies for embodied intelligent robots [7]

[Table_ReportDate] 2025 年 12 月 5 日 [Table_ReportDate] 证券研究报告 行业研究 [Tabl 行业投资策略 e_ReportType] 化工行业 张燕生 化工行业首席分析师 执业编号：S1500517050001 联系电话：+86 010-83326847 邮 箱：zhangyansheng@cindasc.com 化工 2026 年度策略报告：成长与分红并重，价值再发现 洪英东 化工行业分析师 执业编号：S1500520080002 联系电话：+86 010-83326848 邮 箱： hongyingdong@cindasc.com 信达证券股份有限公司 CINDA SECURITIES CO.,LTD 北京市西城区宣武门西大街甲127号金隅 大厦B座 邮编：100031 [化工Table_T 202i6tle年度] 策略报告：成长与分红并重，价值再发现 [Table_ReportDate] 2025 年 12 月 5 日 本期内容提要: [Table_Summary] 行业整体承压。 2022 年以来，中国化工品价格指数持续下行，2023- 2025 年 ...

从资金流向上来看，当日化学原料板块主力资金净流出5958.0万元，游资资金净流出1.91亿元，散户资金 净流入2.51亿元。化学原料板块个股资金流向见下表： 证券之星消息，12月5日化学原料板块较上一交易日上涨0.26%，振华股份领涨。当日上证指数报收于 3902.81，上涨0.7%。深证成指报收于13147.68，上涨1.08%。化学原料板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603067 | 振华股份 | 28.82 | 10.00% | 44.08万 | 12.33 亿 | | 600714 | 金瑞矿业 | 12.42 | 4.99% | 10.98万 | 1.35亿 | | 000830 | 鲁西化工 | 15.39 | 4.69% | 28.64万 | 4.35亿 | | 000510 | 新金路 | 10.41 | 3.79% | 211.98万 | 22.38亿 | | 000683 | 博源化工 | 7.35 | 3.67% | 43.09万 | ...

中国经济观察 2025年第四季度 kpmg.com/cn 目录 | 要点综述 | | 2 | | --- | --- | --- | | 经济走势 | | 5 | |  | 三季度经济内外需分化，四季度政策聚焦稳需求 | 6 | |  | 国内政策重心调整，投资将步入新稳态 | 10 | |  | 服务消费是重要拉动力 | 22 | |  | "反内卷"成效初显，推动价格企稳 | 26 | |  | 货币政策将更多依赖结构性工具发力 | 30 | |  | 全球贸易政策仍存不确定性，中国外贸顶压前行 | 34 | |  | 人民币汇率震荡上行 | 40 | |  | 中国香港经济稳步回升 | 42 | |  | 全球经济阻力仍存 | 45 | | | 政策分析 | 51 | |  | 研读"十五五"规划《建议》 | 52 | |  | 工信部陆续出台新一轮十个重点行业稳增长举措 | 61 | |  | 深入实施"人工智能+"行动，部署智能经济发展路线 | 66 | |  | 推动城市内涵式发展，建设现代化人民城市 | 71 | © 2025 毕马威华振会计师事务所(特殊普通合伙) — ...

2025年，A股化工上市公司数量达到431家，覆盖申万行业分类下的1个一级行业、7个二级行业及33个三级行业。报告以2025年8月31日为数据截止点，基于 和君"咨询+资本"双重视角，构建了系统分析框架，全面梳理行业宏观发展与微观运行逻辑。 行业整体处于创新驱动与全球化发展的新阶段，细分领域呈现明显分化，化学制品占据核心地位。区域格局上，浙江、山东、江苏三地表现突出，形成梯次 分布。市场方面，化工品价格在2024年震荡后持续低位，价差波动显著，股价表现弱于大盘，估值长期处于历史低位。市值分化明显，头部企业与高成长标 的表现突出。 经营层面，营收展现规模韧性，但归母净利润呈现结构性差异，利润增速虽仍为负但已大幅收窄。盈利能力承压，行业内部分化加剧，反映产业转型的攻坚 阶段。营运能力呈现分化，资产与账款管理体现企业经营韧性。资产负债率有所上升，财务策略逐步适应产业升级需求。 资本运作方面，IPO与增发全面收缩，融资聚焦优质赛道与核心项目，债券融资温和修复，资金向优质项目与头部企业集中。产能建设中，资本开支同比收 缩，固定资产增长放缓，不同细分行业间存在明显差异，头部企业聚集效应增强。 科技创新投入整体提升，资源向 ...

Group 1: Stock Resumption - Tianpu Co., Ltd. has completed its verification and resumed trading [1] - *ST Zhengping has completed its verification and resumed trading [1] - Annie Co., Ltd. may have a change in controlling shareholder and continues to be suspended [1] - Dream Home may apply for suspension if stock price continues to rise abnormally [1] - Aik Co., Ltd. plans to acquire 100% equity of Dongguan Silicon Xiang for 2.2 billion, focusing on products related to electric core signal collection and thermal management, with revenue from liquid cooling products expected to grow rapidly starting in 2025 [1] Group 2: Mergers and Acquisitions - Xue Tian Salt Industry plans to acquire 41% equity of Meite New Materials for 261 million, becoming the controlling shareholder with a total of 61% ownership post-acquisition [2] - Meite New Materials specializes in the production and sales of lithium cobalt oxide, with a designed capacity of 7,500 tons and a certified capacity of 5,500 tons [2] Group 3: Shareholding Changes - Caixin Development's investor Jiangxi Zhongjiu intends to acquire 20% to 29.99% of the company's shares, potentially leading to a change in control [3] Group 4: Investment Cooperation and Business Conditions - Xi'an Yicai plans to invest 12.5 billion in a silicon material base project in Wuhan, focusing on producing silicon single crystal polishing wafers and epitaxial wafers for advanced integrated circuits [4] - Jiangbolong plans to raise no more than 3.7 billion through a private placement for AI high-end memory research and industrialization projects, semiconductor storage main control chip series research, and high-end packaging and testing projects [4] - Hai Xin Food has successfully entered Sam's Club, currently in the sales assessment period [5] - Shunhao Co., Ltd. is involved in launching computational satellites to establish space data centers, with potential commercial value in the next five years [5] - Wankai New Materials collaborates with Carbios to invest approximately 922 million in a bio-enzymatic PET recycling project and 350 million in a technical transformation project for producing 100,000 tons of glycol annually [5]

Market Overview - The chemical raw materials sector experienced a decline of 0.43% on December 2, with Deer Chemical leading the drop [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] Top Performers - Jineng Technology (603113) saw a significant increase of 10.02%, closing at 6.92 with a trading volume of 540,000 shares and a turnover of 357 million yuan [1] - Huarong Chemical (301256) rose by 5.17%, closing at 18.10 with a trading volume of 775,900 shares and a turnover of 139.9 million yuan [1] - Other notable gainers included ST Yatai (1690000) with a 4.98% increase, Xutian Salt Industry (600929) with a 4.95% increase, and Liuhua Co. (600423) with a 1.95% increase [1] Underperformers - Deer Chemical (920304) led the decline with a drop of 5.96%, closing at 13.56 with a trading volume of 88,000 shares and a turnover of 121 million yuan [2] - Other significant decliners included Tiangong Chemical (300927) down 3.11%, and Aok Chemical (300082) down 3.07% [2] Capital Flow - The chemical raw materials sector saw a net outflow of 365 million yuan from institutional investors, while retail investors contributed a net inflow of 264 million yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors showed interest [2][3] Individual Stock Capital Flow - Jineng Technology (603113) had a net inflow of 112.16 million yuan from institutional investors, while it faced a net outflow from retail investors of 83.06 million yuan [3] - Sanxiang New Materials (603663) experienced a net inflow of 66.75 million yuan from institutional investors, but also saw a significant outflow from retail investors [3] - Other stocks like Hanjin Technology (000818) and Shandong Haohua (000822) also showed varied capital flows, indicating differing investor sentiments across the sector [3]