证券日报网讯永兴材料（002756）9月26日在互动平台回答投资者提问时表示，公司特钢新材料业务以 不锈废钢为主要原料，采用短流程工艺生产不锈钢棒线材及特殊合金材料，产品经下游加工后可用于核 电领域。 ...

证券之星消息，9月26日特钢板块较上一交易日上涨1.04%，中信特钢领涨。当日上证指数报收于 3828.11，下跌0.65%。深证成指报收于13209.0，下跌1.76%。特钢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) | | --- | --- | --- | --- | --- | --- | | 000708 | 中信特钢 | 13.28 | 2.79% | 24.83万 | 3.27亿 | | 600507 | 方大特钢 | 5.35 | 2.10% | 22.65万 | 1.21亿 | | 002478 | 常宝股份 | 5.55 | 1.46% | 11.18万 | 6187.62万 | | 002318 | 久立特材 | 23.19 | 0.69% | 10.90万 | 2.54亿 | | 600117 | 西宁特钢 | 3.14 | 0.32% | 32.96万 | 1.04亿 | | 603995 | 角金股份 | 17.28 | 0.12% | 2.83万 | 4886.00万 | | 000825 | 太钢不锈 | 3.87 | ...

Market Overview - On September 25, the special steel sector rose by 0.46% compared to the previous trading day, with Xianglou New Materials leading the gains [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Stock Performance - Xianglou New Materials (301160) closed at 63.58, up 2.25% with a trading volume of 28,400 lots and a transaction value of 181 million [1] - CITIC Special Steel (000708) closed at 12.92, up 1.10% with a trading volume of 136,200 lots [1] - Jinzhu Pipeline (002443) closed at 7.35, up 0.68% with a trading volume of 144,800 lots [1] - Other notable performances include Jiuli Special Materials (002318) at 23.03, up 0.57%, and Taiyuan Iron & Steel (000825) at 3.87, up 0.52% [1] Capital Flow - The special steel sector saw a net inflow of 7.496 million from institutional investors, while retail investors contributed a net inflow of 29.624 million [2] - However, speculative funds experienced a net outflow of 37.1203 million [2] Individual Stock Capital Flow - Jinzhu Pipeline (002443) had a net inflow of 19.2741 million from institutional investors, while it faced a net outflow of 11.3191 million from speculative funds [3] - Xianglou New Materials (301160) saw a net inflow of 17.6055 million from institutional investors, with a net outflow of 12.4069 million from speculative funds [3] - Fushun Special Steel (600399) recorded a net inflow of 4.4309 million from institutional investors [3]

Group 1 - Zhangjiagang Guodacheng Special Materials Co., Ltd. announced a correction regarding the date of its decision to reduce registered capital, which should be July 31, 2025 [1] - The announcement was published on August 6, 2025, in the National Enterprise Credit Information Publicity System [1] - The company issued the correction on September 25, 2025 [1]

Market Overview - On September 24, the special steel sector rose by 0.11% compared to the previous trading day, with Jiuli Special Materials leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Stock Performance - Jiuli Special Materials (002318) closed at 22.90, with a gain of 3.01% and a trading volume of 142,800 shares, amounting to a transaction value of 325 million yuan [1] - Other notable performers included: - Shengde Zhengtai (300881) at 34.04, up 2.53% [1] - Changbao Co. (002478) at 5.56, up 1.65% [1] - Shagang Group (002075) at 5.71, up 1.42% [1] Capital Flow - The special steel sector saw a net inflow of 25.36 million yuan from main funds, while retail funds experienced a net inflow of 38.95 million yuan [2] - Notably, speculative funds had a net outflow of 64.32 million yuan [2] Individual Stock Capital Flow - Jiuli Special Materials had a main fund net outflow of 33.99 million yuan, with retail funds showing a net inflow of 0.37 million yuan [3] - Tai Steel (000825) experienced a main fund net inflow of 5.32 million yuan, while retail funds also saw a net inflow of 0.52 million yuan [3] - Other stocks like Shengde Xintai (300881) and Changbao Co. (002478) faced significant net outflows from main and speculative funds [3]

Group 1: Core Perspective - The "14th Five-Year Plan" is a critical period for the Chinese steel industry to transition from scale leadership to quality breakthroughs, with special steel being essential for high-end manufacturing [1] - CITIC Special Steel has emerged as a benchmark in the global special steel industry through continuous efforts in innovation, low-carbon transformation, and social responsibility [1][2] Group 2: Technological Innovation - The steel industry's transformation focuses on shifting from meeting quantity demands to supporting quality upgrades, with special steel providing indispensable material support for major national projects [2][3] - CITIC Special Steel maintains an average annual R&D investment of over 3% of revenue, significantly exceeding the industry average, and has obtained 1,851 authorized patents, including 50 international patents [3] Group 3: Green Transformation - The steel industry accounts for approximately 15% of national carbon emissions, and CITIC Special Steel adopts a dual approach to carbon reduction: enhancing its own low-carbon production system and innovating products to assist downstream industries in reducing emissions [4] - The company has implemented significant renewable energy projects, including 157 MW of solar power and 28.8 MW of wind power, achieving annual carbon reductions exceeding 110,000 tons [4] Group 4: Social Responsibility and ESG - CITIC Special Steel integrates social responsibility into its core operations, focusing on long-term contributions to the industry chain, employees, and society, rather than merely engaging in charitable donations [6] - The company has received multiple awards for its ESG practices, including the "Five-Star Golden Award" for social responsibility in the manufacturing sector [7] Group 5: Future Directions - The future of China's special steel industry is expected to shift from "catching up" to "leading," with a focus on high-end manufacturing, new energy, and marine engineering [7][8] - CITIC Special Steel aims to achieve industry-leading carbon neutrality, deepen research in hydrogen metallurgy, and replicate its "lighthouse factory" model across more bases [7][8]

Core Viewpoint - The strategic cooperation between the National Carbon Measurement Center (Fujian) and CITIC Pacific Special Steel Group aims to establish a "dual carbon" innovation platform in the special steel sector, promoting green development in the industry [1][2]. Group 1: Strategic Cooperation - The signing ceremony took place in Jiangyin City, Jiangsu Province, focusing on major technological needs of the nation and enterprises [1]. - Both parties will leverage their strengths to create a national low-carbon high-end think tank and develop a differentiated low-carbon evaluation system for special steel [1][2]. - The collaboration aims to support the green and high-quality development of the special steel industry and achieve national "dual carbon" goals [1]. Group 2: Local Government Support - The Deputy Mayor of Nanping City emphasized the importance of green development and the need for intelligent upgrades in the industry [1]. - The local government hopes that this strategic partnership will enhance CITIC Pacific Special Steel's global leadership in the special steel sector and drive the green transformation of Jiangyin's overall industry [2]. Group 3: Technical Advancements - The cooperation will focus on the entire special steel industry chain, addressing key technical bottlenecks in carbon measurement, emission reduction, and certification [2]. - The initiative aims to enhance China's international influence in the special steel industry through systematic breakthroughs in key technologies [2].

Core Insights - On September 22, brokerages set target prices for listed companies, with notable increases for Gao Weida, SAIC Motor, and Haitian Flavoring, showing target price increases of 98.76%, 37.72%, and 27.18% respectively, across the software development, passenger vehicle, and seasoning industries [1][3] Group 1: Target Price Increases - Gao Weida received a target price of 51.50 yuan, reflecting a target price increase of 98.76% [3] - SAIC Motor's target price was set at 26.25 yuan, indicating a 37.72% increase [3] - Haitian Flavoring's target price reached 50.25 yuan, with a 27.18% increase [3] Group 2: Rating Adjustments - One company, Tebian Electric Apparatus, had its rating upgraded from "Hold" to "Strong Buy" by China Merchants Securities [4] - One company, Jiangling Motors, had its rating downgraded from "Buy" to "Hold" by Industrial Securities [5] Group 3: First Coverage - On September 22, brokerages initiated coverage on nine companies, including Jiangling Motors with a rating of "Hold" from Industrial Securities, and Ximai Food with a "Hold" rating from Shanxi Securities [6] - Gao Weida received a "Buy" rating from Dongwu Securities [6] - Other companies receiving coverage include Hengxin Life with a "Hold" rating and Xianglou New Materials with a "Hold" rating [6]

Group 1 - The special steel sector experienced a slight decline of 0.03% on September 22, with Xining Special Steel leading the drop [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] - Individual stock performance in the special steel sector varied, with Changbao Co. rising by 1.45% and Jiu Li Special Materials falling by 0.36% [1] Group 2 - The net capital outflow from the special steel sector amounted to 51.33 million yuan, while retail investors saw a net inflow of 52.02 million yuan [3] - The table detailing capital flow for individual stocks in the special steel sector was provided, indicating varying levels of investment activity [3]

Core Viewpoint - The report from Dongfang Securities highlights that Jiuli Special Materials achieved a revenue of 6.105 billion yuan in the first half of the year, representing a year-on-year growth of 26.39%, with a net profit of 804 million yuan, up 36.44% year-on-year, indicating strong profit growth [1] Group 1: Financial Performance - Jiuli Special Materials reported a revenue of 6.105 billion yuan, a 26.39% increase compared to the previous year [1] - The company's net profit, excluding Yongxing Investment income, reached 804 million yuan, reflecting a 36.44% year-on-year growth [1] Group 2: Competitive Advantages - The company leverages its technological advantages to break foreign technology monopolies in some high-end products [1] - Jiuli's advanced extrusion process significantly enhances raw material utilization and product quality, contributing to high gross margins that demonstrate cost advantages and strong competitiveness [1] Group 3: Market Outlook and Expansion - The company is optimistic about the application prospects of its products in the context of the growing demand for deep-sea and acidic oil and gas [1] - Jiuli Special Materials is advancing capacity expansion projects, with progress reported at 100% for the corrosion-resistant pipeline project, 40% for the EBK company upgrade, and 35% for the 20,000-ton high-performance pipe project for nuclear and oil and gas applications [1] - The high-end capacity is expected to accelerate release, injecting new growth potential into the company [1] Group 4: Valuation - Using the DCF method for valuation, the target price for Jiuli Special Materials is set at 31.68 yuan, maintaining a "buy" rating [1]