中化新网讯近日，湖北联投集团有限公司襄阳磷煤氟产业基地一期项目在宜城开建，旨在建成全国首个 磷煤氟一体化资源循环利用示范基地。 该项目总投资300亿元，占地约3000亩，重点布局湿法磷酸及净化、合成氨等大装置集群，构建以磷煤 氟为主导的全资源、多元素耦合循环产业形态。项目分三期建设，其中一期投资约120亿元，将于2027 年6月建成投产，重点建设基础磷化工，并配套发展氟化工和煤化工，建成后可实现年产值108亿元。 ...

另据《勘探报告》显示，该矿总资源量9844.05万吨，属大型磷矿资源。据悉，这一项目与中伟股份目 前开阳基地已建成的年产20万吨磷酸铁产线、年产5万吨高端磷酸铁锂产能，共同成为中伟磷系"矿-化- 材-回收"一体化战略核心项目。 消息面上，据电池网报道，2025年12月31日，中伟股份（300919）旗下中伟兴阳矿业在贵州省贵阳市开 阳县龙水乡举行新场磷矿项目启动仪式。根据中伟兴阳矿业2025年1月21日取得的新场磷矿《采矿许可 证》，此次启动的新场磷矿矿区面积达6.6999平方公里，拟建设规模280万吨/年，采矿有效期10年。 中伟新材(02579)涨超6%，截至发稿，涨6.08%，报33.84港元，成交额7963.94万港元。 ...

Group 1 - The phosphoric chemical index experienced a significant increase, with notable gains from several companies [2] - Qing Shui Yuan saw a rise of over 10%, while Jin Cheng Xin increased by 5.90% [2] - Xing Fa Group and Xin An Co. both reported increases of 5.14% and 5.00% respectively, and Chuan Heng Co. rose by 4.21% [2]

[Table_scodeMsg1] 公司研究丨深度报告丨兴发集团（600141.SH） [Table_Title] 创新助力，新能源新材料放光彩 %% %% %% %% research.95579.com 1 丨证券研究报告丨 报告要点 [Table_Summary] 公司作为综合性化工龙头公司，依托所在地宜昌的富饶磷矿资源，打造了完备的磷化工产业链， 但公司又不囿于此，坚定践行国家战略，加强资源转化和科技创新，打造产业链一体化，发力 高附加值产品，谋求长期高质量发展。我们在公司深度报告《乘磷而兴，着力高端，多线齐飞》 中阐述了公司的多元板块布局、产业链协同优势等；而本篇深度更多着重公司在新能源材料、 高附加值新材料方面的布局。 分析师及联系人 [Table_Author] 马太 王明 李禹默 SAC：S0490516100002 SAC：S0490521030001 SAC：S0490525060002 SFC：BUT911 SFC：BVA881 请阅读最后评级说明和重要声明 2 / 30 %% %% %% %% research.95579.com 2 [Table_scodeMsg2] 兴发集团（60 ...

Core Insights - The article highlights the recognition of Huang Peizhao, Chairman and President of Batian Co., Ltd., as the "Annual Tribute Person of Guizhou" for his contributions to efficient phosphorus resource utilization and green transformation in the industry [1][11][13] Group 1: Leadership and Vision - Huang Peizhao has dedicated 40 years to the agricultural and fertilizer industry, earning a Ph.D. in Plant Nutrition in 1999, which laid a solid foundation for his contributions [3][15] - Under his leadership, Batian Co., Ltd. became the first listed company in China's compound fertilizer industry in 2007, marking a new chapter in standardized and large-scale development [3][15] - The company focuses on technological innovation as a core driver, establishing a dual business model of "high-value fertilizers + fine phosphorus chemicals" [3][15] Group 2: Technological Breakthroughs - Batian Co., Ltd. has adopted a "green first, ecological priority" philosophy, addressing the industry's challenges of high production costs and environmental pollution [4][11] - Huang led a strategic decision to invest over 4 billion yuan in building a phosphorus chemical circular economy industrial park in Guizhou, developing a proprietary frozen nitric phosphorus fertilizer process [4][16] - The company achieved significant breakthroughs in key processes, successfully localizing 308 sets of core equipment and breaking foreign technology monopolies [4][16][17] Group 3: Resource Empowerment - The Weng'an phosphorus mine in Guizhou is a key resource for Batian, known for its high phosphorus content and rich trace elements, supporting the company's stringent raw material standards [7][19] - Batian has made steady progress in securing phosphorus mining rights, achieving a production capacity goal of 200 million tons per year by October 2024, with plans to expand to 290 million tons [7][19][20] - The company has established a closed-loop circular economy model, achieving a net profit of 409 million yuan in 2024, a 57.67% increase year-on-year, and a net profit of 687 million yuan in the first three quarters of 2025, a 236.13% increase [8][20] Group 4: Future Outlook - Huang Peizhao's practices in Guizhou have become a replicable model for resource-based industry transformation, with plans to continue enhancing strategic layouts through innovative processes and AI [10][22] - The company aims to maximize phosphorus resource value and support modern agricultural development, contributing to economic growth and ecological protection [10][22]

Group 1 - The company Hongda Co., Ltd. (600331.SH) announced that its Shifang Nonferrous Metals Division and Shifang Phosphate Chemical Division will undergo maintenance and equipment upgrades for some production facilities [1] - The Shifang Nonferrous Metals Division has one zinc smelting facility with an annual capacity of 100,000 tons and one zinc alloy production facility with the same capacity [1] - The maintenance for the zinc smelting facility is scheduled to start in January 2026 and is expected to last for 5 months, with production planned to resume in early June 2026 [1] Group 2 - The Shifang Phosphate Chemical Division has phosphate series facilities with an annual capacity of 420,000 tons and compound fertilizer series facilities with a capacity of 300,000 tons [1] - The maintenance for the phosphate series facilities will also begin in January 2026, expected to last for 1 month, with production set to resume in early February 2026 [1]

Core Viewpoint - The company announced maintenance and equipment upgrades for its Shifang non-ferrous metal and phosphate chemical subsidiaries, which will temporarily halt production for specific periods to enhance operational safety, product quality, and efficiency [1]. Group 1: Shifang Non-Ferrous Metal Subsidiary - The Shifang non-ferrous metal subsidiary has a zinc smelting production capacity of 100,000 tons per year and a zinc alloy production capacity of 100,000 tons per year [1]. - The zinc smelting facility will undergo maintenance and upgrades starting January 2026, with a planned downtime of 5 months, aiming to resume production in early June 2026 [1]. - The maintenance is necessary due to aging equipment and aims to ensure safe, stable, and efficient operations [1]. Group 2: Shifang Phosphate Chemical Subsidiary - The Shifang phosphate chemical subsidiary has a phosphate production capacity of 420,000 tons per year and a compound fertilizer production capacity of 300,000 tons per year [1]. - The phosphate production facility will also undergo maintenance starting January 2026, with a planned downtime of 1 month, expected to resume production in early February 2026 [1]. - This maintenance aligns with the cyclical nature of the chemical industry and aims to improve safety, product quality, and reduce production costs [1]. Group 3: Production Continuity and Strategy - During the downtime of the zinc smelting facility, the zinc alloy production will continue, with the company sourcing zinc ingots externally to ensure raw material supply [2]. - The compound fertilizer production will remain operational while the phosphate facility is under maintenance [2]. - The company plans to coordinate production schedules with maintenance progress to ensure timely and high-quality completion of the upgrades [2].

国信证券近日发布2026年石化化工行业1月投资策略：石化化工是周期性行业，现阶段石化化工行业"内 卷式"竞争问题突出，低质量、同质化的无序竞争导致企业普遍面临增产不增利困境，全行业营业收入 利润率从2021年的8.03%持续降至2024年的4.85%，2025年以来部分子行业率先复苏，前三季度行业归 母净利润同比增长10.56%，行业盈利逐渐企稳复苏。 以下为研究报告摘要： 核心观点 展望2026年1月，考虑到原油价格维持中等水平，且波动区间收窄，炼油炼化等重要化工行业成本将有 所减弱，整体利润将有所恢复，同时我们看好储能需求增长有望拉动磷矿石价值重估，钾盐资源的长期 稀缺性及可持续行业燃料(SAF)的长期巨大增长空间，我们重点推荐炼油炼化、钾肥、磷化工及SAF等 领域投资方向。 炼油炼化板块，考虑到2026年国际原油价格维持中等水平，且波动区间收窄，炼油炼化等重要化工行业 成本将有所减弱，整体利润将有所恢复。同时我国炼油产能整体过剩严重，近年小规模炼厂退出且国内 炼油行业持续"减油增化"，叠加"反内卷"政策信号明确有力的推动，我们预计包含芳烃产业链的炼油炼 化行业供需关系将持续优化，重点推荐【中国石油（60 ...

核心观点 石化化工行业2026年1月投资观点： 石化化工是周期性行业，现阶段石化化工行业"内卷式"竞争问题突出，低质量、同质化的无序竞争导致 企业普遍面临增产不增利困境，全行业营业收入利润率从2021年的8.03%持续降至2024年的4.85%， 2025年以来部分子行业率先复苏，前三季度行业归母净利润同比增长10.56%，行业盈利逐渐企稳复 苏。 供给端：化学原料及化学制品制造业投资固定资产累计投资额于2025年6月开始转负，SW基础化工行业 及多个细分子行业的资本开支连续多个季度转负，此轮行业扩产周期接近尾声；9月"石化化工行业稳增 长"政策正式出台，旨在治理企业低价无序竞争、推动落后产能有序退出，有机硅、己内酰胺、PTA聚 酯等子行业相继响应"反内卷"出台或正在制定行业指导文件。我们认为，后续将会看到更多化工产品新 产能审批趋严、落后产能（如规模小、能耗高、污染大）将加速出清，石化化工行业供给过剩问题将得 到有效缓解。 需求端：传统需求方面，伴随着全球央行进入降息周期及暂停缩表，在货币政策及财政政策刺激下我们 看好石化化工传统需求有望实现温和复苏；新兴需求方面，从新能源、SAF到AI，关键化学品材料始终 ...

截至2025年12月31日收盘，川恒股份(002895)报收于36.66元，下跌0.27%，换手率1.4%，成交量8.33万 手，成交额3.04亿元。 当日关注点 交易信息汇总资金流向 12月31日主力资金净流出577.55万元，占总成交额1.9%；游资资金净流入1363.84万元，占总成交额 4.48%；散户资金净流出786.29万元，占总成交额2.58%。 公司公告汇总独立董事对第四届董事会第十四次会议相关事项的专门会议审核意见 贵州川恒化工股份有限公司独立董事对第四届董事会第十四次会议相关事项发表审核意见，涉及2026年 度与新疆博硕思生态科技有限公司、瓮安县天一矿业有限公司、四川万鹏时代科技股份有限公司及其子 公司的日常关联交易预计事项。独立董事认为上述交易属于正常商业行为，定价依据合理，未损害公司 及股东利益，特别是中小股东利益，符合监管要求，同意提交董事会审议，并明确关联董事应回避表 决。同时说明了2025年相关关联交易实际发生额与预计存在差异的原因。 国信证券股份有限公司关于贵州川恒化工股份有限公司2026年度日常性关联交易预计事项的核查意见 公司预计2026年度与新疆博硕思生态科技有限公司及其 ...