（编辑 丛可心） 证券日报网讯 1月28日，华新建材发布公告称，公司预计2025年年度实现归属于母公司所有者的净利润 为人民币27.0亿元至29.5亿元，与上年同期相比，将增加人民币2.8亿元至5.3亿元，同比增加11.6%至 21.9%。 ...

最新消息，华新建材发布《2025年年度业绩预告》显示，公司预计2025年年度实现归属于母公司所有者 的净利润为人民币27.0亿元至29.5亿元，与上年同期相比，将增加人民币2.8亿元至5.3亿元，同比增加 11.6%至21.9%；预计2025年年度实现归属于母公司所有者的扣除非经常性损益的净利润为人民币25.8亿 元至27.6亿元，与上年同期相比，将增加人民币8.0亿元至9.8亿元，同比增加45.0%至55.0%。 报告期内，公司海外业务规模持续增长，业绩贡献显著；国内业务面临的市场竞争环境依然严峻，但得 益于燃料成本下降及公司坚定不移地深化各项降本增效措施，主要产品单位盈利有所恢复。 最新消息，华新建材发布《2025年年度业绩预告》显示，公司预计2025年年度实现归属于母公司所有者 的净利润为人民币27.0亿元至29.5亿元，与上年同期相比，将增加人民币2.8亿元至5.3亿元，同比增加 11.6%至21.9%；预计2025年年度实现归属于母公司所有者的扣除非经常性损益的净利润为人民币25.8亿 元至27.6亿元，与上年同期相比，将增加人民币8.0亿元至9.8亿元，同比增加45.0%至55.0%。 报告期内， ...

报告期内，公司海外业务规模持续增长，业绩贡献显著;国内业务面临的市场竞争环境依然严峻，但得 益于燃料成本下降及公司坚定不移地深化各项降本增效措施，主要产品单位盈利有所恢复。 智通财经APP讯，华新建材(600801.SH)发布公告，公司预计2025年年度实现归属于母公司所有者的净 利润为人民币27亿元至29.5亿元，与上年同期相比，将增加人民币2.8亿元至5.3亿元，同比增加11.6%至 21.9%。 ...

报告期内，公司海外业务规模持续增长，业绩贡献显著;国内业务面临的市场竞争环境依然严峻，但得 益于燃料成本下降及公司坚定不移地深化各项降本增效措施，主要产品单位盈利有所恢复。 华新建材（600801）(06655)发布公告，预计2025年年度实现归属于母公司所有者的净利润为人民币27.0 亿元至29.5亿元，同比增加11.6%至21.9%。预计2025年年度实现归属于母公司所有者的扣除非经常性损 益的净利润为人民币25.8亿元至27.6亿元，同比增加45.0%至55.0%。 ...

本期债券发行价格100元/张，采取网下面向《公司债券发行与交易管理办法》和《上海证券交易所债券 市场投资者适当性管理办法(2023年修订)》规定的专业机构投资者询价配售的方式发行。 本期债券采取网下面向专业机构投资者询价配售的方式发行，发行工作已于2026年1月22日结束。本期 债券品种一实际发行金额20亿元，认购倍数2.38倍，最终票面利率为1.77%;品种二未实际发行。 智通财经APP讯，中国建材(03323)发布公告，根据《中国建材股份有限公司2026年面向专业投资者公开 发行科技创新公司债券(第一期)发行公告》，中国建材股份有限公司2026年面向专业投资者公开发行科 技创新公司债券(第一期)(以下简称"本期债券")发行规模不超过20亿元。本期债券分为两个品种，品种 一期限为3年，品种二期限为5年。本期债券引入品种间回拨选择权，回拨比例不受限制，发行人和簿记 管理人将根据本期债券发行申购情况，在总发行规模内由发行人和簿记管理人协商一致，决定是否行使 品种间回拨选择权。 ...

中国建材(03323)发布公告，中国建材股份有限公司2026年面向专业投资者公开发行科技创新公司债券 (第一期)发行规模为不超过20亿元。本期债券分为两个品种，品种一期限为3年，品种二期限为5年。根 据网下专业机构投资者询价结果，经发行人和主承销商协商一致，最终确定本期债券品种一的票面利率 为1.77%，品种二未实际发行。 ...

智通财经APP讯，中国建材(03323)发布公告，中国建材股份有限公司 2026 年面向专业投资者公开发行 科技创新公司债券(第一期)发行规模为不超过 20 亿元。本期债券分为两个品种，品种一期限为3年，品 种二期限为5年。根据网下专业机构投资者询价结果，经发行人和主承销商协商一致，最终确定本期债 券品种一的票面利率为1.77%，品种二未实际发行。 ...

Group 1 - The company, China National Building Material (03323), plans to issue a public offering of technology innovation corporate bonds for professional investors, with a total issuance scale not exceeding 2 billion yuan (including 2 billion yuan) [1] - The bonds will consist of two types: a 3-year fixed-rate bond and a 5-year fixed-rate bond [1] - The coupon rate for the 3-year bond is set in a range of 1.40%-2.40%, while the 5-year bond's coupon rate is set in a range of 1.50%-2.50% [1] Group 2 - The funds raised from this bond issuance will be used to repay interest-bearing debts [1]

Core Viewpoint - The industrial sector is a crucial part of the real economy and serves as a stabilizing force for economic operations. By 2025, China's industrial production is expected to show rapid growth, improved structure, and new driving forces, significantly supporting economic stability [1]. Group 1: Industrial Strength Development - By 2025, China's industrial added value is projected to reach 41.7 trillion yuan, representing a 5.8% increase from the previous year, with a growth rate acceleration of 0.3 percentage points. The contribution rate to economic growth is expected to be 35%, an increase of 1.8 percentage points from the previous year [2]. - The manufacturing sector continues to expand, with the added value of manufacturing expected to reach 34.7 trillion yuan, growing by 6.1% year-on-year, maintaining a GDP share of around 25% [2]. Group 2: Industrial Structure Upgrade - The trend towards high-end, intelligent, and green development in manufacturing is becoming more pronounced. The added value of equipment manufacturing and high-tech manufacturing is expected to grow by 9.2% and 9.4%, respectively, with their shares in above-scale industrial output rising to 36.8% and 17.1% [2]. - New products such as high-speed trains, industrial robots, and servers are experiencing rapid growth, with the production of new energy vehicles surpassing 16 million units, maintaining the global lead for 11 consecutive years [2]. Group 3: Industrial Transformation and Upgrading - Traditional industries are continuously developing new driving forces through technological breakthroughs, digital empowerment, and green transformation. The added value of the petroleum processing industry is expected to grow by 6.7%, with the biofuel processing sector growing by 16.8% [3]. - The chemical fiber industry is projected to grow by 8.2%, with bio-based material manufacturing increasing by 27.9%. Profit growth in industries such as graphite and carbon products manufacturing and biochemicals is expected to be 73.9% and 48.3%, respectively [3]. Group 4: Improvement in Manufacturing Enterprise Efficiency - In the first 11 months of 2025, profits in above-scale manufacturing are expected to increase by 5% year-on-year, a recovery from a 4.6% decline in the previous year. Profits in equipment manufacturing and high-tech manufacturing are projected to grow by 7.7% and 10%, respectively, providing strong support for improved industrial enterprise efficiency [3].

Fixed Income Research - The report highlights four key points regarding the EVE indicator for major banks, focusing on the impact of extended bond durations, deposit replacement, Tier 1 capital replenishment, and changes in the behavior of large banks in primary and secondary markets [2][3][4][5] - It emphasizes that the adjustment of the EVE indicator is more about risk mitigation rather than a significant increase in active long-term bond purchases by banks, suggesting that long-term supply pressures may limit the downward space for long-term interest rates [2][5] Metal New Materials Research: China Uranium Industry - China Uranium Industry derives over 90% of its revenue from natural uranium business and is the exclusive supplier of natural uranium products for its controlling shareholder, China National Nuclear Corporation (CNNC) [6][7] - The company is expected to see significant growth due to its role in national uranium supply and expansion in domestic capacity and overseas resource layout, with projected revenues of CNY 172.79 billion in 2024 and a net profit of CNY 14.58 billion [6][38] - The global uranium market is experiencing a supply-demand gap, with increasing demand driven by nuclear energy development, which is expected to benefit the company in the long term [8][40] Company Overview: China Uranium Industry - The company is the sole supplier of natural uranium products within CNNC, controlling 69.94% of the company’s shares, and has signed long-term supply agreements with China Nuclear Power [7][39] - It holds extensive domestic and international exploration and mining rights, with core uranium resources located in strategic areas such as Xinjiang and Namibia [7][39] - The report projects a net profit growth of CNY 17.62 billion, CNY 33.09 billion, and CNY 44.28 billion for the years 2025 to 2027, respectively, with corresponding EPS of CNY 0.85, CNY 1.60, and CNY 2.14 [6][38] Investment Recommendations - The report assigns a target price of CNY 80 for China Uranium Industry, based on a 50x PE valuation for 2026, and recommends an "Accumulate" rating [6][38] - The company is positioned to benefit from the long-term supply-demand gap in the uranium market, with a projected increase in global uranium demand expected to reach 150,500 tons by 2040 [8][40]