出品：新浪财经上市公司研究院 文/夏虫工作室 核心观点：长鸿高科拟将广西长科注入体内究竟是需要新叙事还是需要项目募资输血？需要注意的是， 长鸿高科存超百亿投资项目计划，然而长鸿高科有息债务规模庞大但账面资金有限，目前短期资金链压 力或不小。需要引起投资者警惕的是，长鸿高科近年营收规模迅速膨胀，毛利率却与上市前出现大幅下 降，这种极致反差数据背后又是否重新审视相关数据真实性？长鸿高科客商均出现关联交易，第一大客 户波动背后出出现注销现象，而新晋"替补"客户疑似又与体外关联方存在股权交集。 近日，长鸿高科公布重组进展公告。 此前，公司发布重组预案，计划通过发行股份、可转换公司债券及支付现金的方式购买广西长科新材料 有限公司（简称"广西长科"）100%股权并向不超过35名特定投资者发行股份募集配套资金。截止目 前，公司及相关各方仍在推进本次交易相关尽职调查、审计、评估等各项工作。 登录新浪财经APP 搜索【信披】查看更多考评等级 需要指出的是，长鸿高科早在2023年便计划将广西长科装进上市公司，当时采取现金收购方案备受市场 质疑。即公司资金并不宽裕背景下接盘实控人体外资产。值得注意的是，公司出现两次延期回复监管问 ...

格隆汇1月6日丨凌玮科技(301373.SZ)在互动平台表示，公司产品可应用于商业航天零部件领域，具有 消光、涂层保护等功能。 公司产品广泛应用于涂料、油墨、3C电子、光伏、塑料、石化、医用胶片等 行业，终端客户分布于工业制造、木器、家具、皮革、纺织、卷材、喷墨相纸、广告耗材、轨道交通、 UV、风电叶片、塑料薄膜等应用领域，并进入防火耐高温材料、金属表处剂、工业防腐、陶瓷、蓄电 池、精密基材抛光液、太阳能电池涂覆背板膜、饮料澄清剂、医用胶片和医用手套等新的应用领域。 公司将持续关注并积极参与商业航天行业的发展，致力于为行业提供环保、高效的新材料解决方案。 ...

Group 1 - The core viewpoint of the news is the performance and market position of Shangwei New Materials, which saw a stock price increase of 5.09% to 133.50 CNY per share, with a total market capitalization of 53.849 billion CNY [1] - Shangwei New Materials specializes in the research, production, and sales of environmentally friendly high-performance corrosion-resistant materials, materials for wind turbine blades, and new composite materials, with revenue contributions of 46.26% from corrosion-resistant materials, 40.07% from wind turbine blade materials, 6.14% from resale and others, 5.69% from new composite materials, and 1.84% from circular economy materials [1] - The company was founded on October 25, 2000, and went public on September 28, 2020, indicating a relatively recent entry into the public market [1] Group 2 - The Tongtai Competitive Advantage Mixed A Fund holds a significant position in Shangwei New Materials, with 78,100 shares, representing 9.16% of the fund's net value, making it the third-largest holding [2] - The fund has a total scale of 18.4906 million CNY and has achieved a year-to-date return of 0.28%, ranking 7928 out of 8818 in its category, while its one-year return stands at 77.02%, ranking 518 out of 8083 [2] - The fund manager, Wang Xiu, has been in charge for 1 year and 343 days, with the fund's total assets amounting to 748 million CNY, achieving a best return of 171.53% and a worst return of 32.17% during his tenure [3]

Core Viewpoint - The company aims to become a leading global enterprise in the research and production of green chemical new materials, emphasizing continuous technological innovation and enhancing global competitiveness [1] Group 1 - The company is focused on developing high-quality, diverse, differentiated, and high-value-added products [1]

近日，中国化学工程华陆公司所属华陆新材成功完成A轮融资，引入中化学新材料基金、中国石油集团昆仑资本、建信股权、中国电气装备投资、国家能 源国华投资等大型中央企业投资平台。本次融资的成功落地，标志着中国化学工程在气凝胶领域的产业布局与综合实力获得资本市场的高度认可，也充分 彰显了各方对气凝胶产业广阔发展前景及华陆新材核心竞争力的坚定信心。 本轮融资引入的战略投资者均深耕于油气开采、石油化工、电力电网、能源储运、工业制造等气凝胶关键应用领域，具备深厚的产业资源与协同优势，将 为华陆新材加速拓展多元化应用场景、推动产品规模化落地提供强有力的产业支撑，也将助力企业深化产融结合，优化资源配置，提升资本运作效能，为 后续高质量发展构建多维度、全链条的资源保障体系。 作为目前已知热导率最低的固体隔热材料，气凝胶兼具优异的隔热保温性能与显著的节能减排效果，其产业化进程高度契合我国绿色低碳转型战略。在国 家"双碳"目标持续推进的背景下，气凝胶新材料已在工业保温、建筑节能、新能源汽车、电化学储能等多个领域展现出巨大的应用潜力，市场空间广阔。 本次A轮融资的顺利完成，不仅为华陆公司气凝胶业务夯实了资本基础，也为打造"产学研用"深度 ...

| 800+ | 200+ | 30+ | 50.000m² | | --- | --- | --- | --- | | 企业参展 | 科研院所 | 主题论坛 | 展览面积 | 以PEEK、PI为代表的特种高分子材料一直备受关注，但从来没有像现在这样"火爆"， 究其原因仍然是产业升级的新需求和材料自身特性的双向奔赴，催生的"热 情"。 比如，早些年在房地产建筑和普通家电的引领下，以聚丙烯、聚乙烯等为代表的 5大通用塑料 似乎要统治天下，产能要按照亿吨计算，但凡聚烯烃能做的基本都 没别的材料啥事，便宜为王。后来汽车、高端家电、电子电气等产业快速发展， 5大通用工程塑料 迎来高光时刻，而且一直"火"到现在，包括尼龙、聚甲醛、聚 苯醚、聚碳酸酯等依然是"顶梁柱"，性价比为王，不过也因为太耀眼，产能过剩的话题已经不绝于耳。 到现在，机器人、无人机、AI服务器等新兴和未来产业崛起， 特种工程塑料 终于"扬眉吐气"，再也不因为"贵"而被束之高楼，火爆程度到" 驰骋 "在二级市场的 老太太可能都会熟练说出"PEEK"的一串概念股，一大波企业跨界"来势汹汹"。 点解阅读 ： PEEK ，又一国家级 " 小巨人 " 入局！ 在 ...

北交所策略专题报告 2026 年 01 月 04 日 北交所研究团队 交 所 研 究 北 交 所 策 略 专 题 报 告 相关研究报告 《科马材料（920086.BJ）：干式摩擦片 隐形冠军，国产破局正当时—北交所 新股申购报告》-2026.1.2 《北交所股份协议转让增多，实现"产 业赋能"与"市场减压"双赢—北交 所策略专题报告》-2026.1.1 《新三板隐形冠军涌现：聚焦车联网 等细分行业，关注雅迅智联、一诺生 物 等 — 新 三 板 掘 金 周 报 第 三 期 》 -2025.12.28 布局 2026 春季行情，关注新质生产力和中小盘成长股机会 ——北交所策略专题报告 诸海滨（分析师） zhuhaibin@kysec.cn 证书编号：S0790522080007 关注春季行情中北证新质生产力，行情后期中小盘成长主线或有第二波上涨 2024 年以来北交所经历了 2024 年"924"和 2025 年一季度到三季度行情，2025 年北证 50 指数四季度整体稳定。复盘 2013-2015 年创业板行情来看，行情后期 成长主线业绩兑现通常有第二波上涨，关注春季中的北证代表新质生产力的产 业链机会。1）本 ...

文｜徐雅琳 岁序更替，大河奔流。 一组以"用"为本的创新链，着力攻克产业化的关键瓶颈。聊城正着力构建以产业需求为导向的创新链，其核心是发挥"链主"企业的引领作用。 当"十四五"圆满收官、"十五五"宏图待展的历史时刻，聊城，这座被京杭大运河滋养了数千年的"江北水城"，迈出高质量发展新步伐。 回望整个"十四五"时期，预计全市地区生产总值将突破3300亿元，规上工业营收冲刺5000亿元，交出了一份"厚重提气"的五年成绩单。 在齐鲁大地"走在前、挑大梁"的奋进征程中，聊城正以"智造"为引擎、以"提质"为内核，勾勒出一幅崭新的发展图景。 图片来源：摄图网 锻造新质生产力的硬核引擎 发展新质生产力，关键在于找准具有爆发潜力且能与本土优势深度融合的突破口。对于聊城而言，这一突破口明确地锚定在化工新材料上。这并非舍弃传 统，而是对传统化工产业进行一场深刻的"价值重塑"，推动产业链条从大宗、基础向精细、高端奋力攀升。 一条向"高"而行的产品链，正在打破对传统路径的依赖。过去，聊城的化工标签更多是"基础原料"。如今，龙头企业正将视野投向产业链的更高处。 以鲁西化工为例，其产品矩阵已从化肥、基础化学品，系统性地延伸至高端聚碳酸酯、 ...

Core Viewpoint - The "14th Five-Year Plan" period is a critical phase for state-owned enterprises to deepen reforms and cultivate new productive forces, with a significant opportunity for the new materials industry to advance towards high-end, intelligent, and clustered development [1] Group 1: Strategic Development - Shandong Energy New Materials Company aims to become a leading new materials industry group, focusing on a dual-driven strategy of optimizing existing resources and expanding through mergers and acquisitions [2] - The company has achieved a 217% increase in total assets since its establishment, demonstrating significant growth and development in the new materials sector [1][2] Group 2: Industry Clusters and Innovations - The company has established four major industrial clusters: high-end chemical new materials, fiber composite new materials, calcium-based new materials, and optoelectronic new materials, which are crucial for its strategic development [2][3] - The successful construction of a 100 MW perovskite solar cell production line marks a significant advancement in the optoelectronic materials sector, achieving industry-leading conversion efficiency [4] Group 3: Capital Operations and Mergers - The successful restructuring of Qixiang Group, completed on May 31, 2023, added a new platform with nearly 30 billion yuan in total assets to the new materials sector, showcasing effective capital operations [7][9] - The project team identified strategic opportunities during Qixiang's financial difficulties, leading to a swift acquisition process that exemplified proactive capital management [8] Group 4: Digital Transformation - The company is focusing on digital transformation as a strategic choice to gain competitive advantages, integrating new information technologies with manufacturing processes [12] - The implementation of smart manufacturing practices, such as the "black light factory" model, has significantly improved production efficiency and reduced labor costs [13] Group 5: Reform and Efficiency Enhancement - The company has initiated reforms to streamline its organizational structure, reducing the number of departments by 25% to enhance operational efficiency [16] - Non-core business units have been integrated or closed, allowing the company to focus on its main business and improve development momentum [17] Group 6: Cultural and Social Responsibility - The company emphasizes the importance of high-quality party building to guide its development, fostering a strong corporate culture that enhances operational effectiveness [20][21] - Initiatives to support employees, such as financial aid for struggling families and wellness programs, have increased employee satisfaction and sense of belonging [22]

Group 1 - During the "14th Five-Year Plan" period, China's petrochemical industry has entered a low growth phase after a concentrated release of basic product capacity, with a focus on policy support for sustainable development by 2026 [1] - The central economic work conference emphasized a more proactive fiscal policy and moderately loose monetary policy, aiming to promote domestic demand and build a large domestic market [1] - Multiple institutions, including Guosen Securities and Everbright Securities, predict that the petrochemical industry will see a cyclical turning point in 2026, with gradual recovery in industry prosperity [1] Group 2 - The domestic policy continues to guide structural optimization in the industry, including strict control of new refining capacity and promoting the elimination of outdated refining capacity [1] - On the international front, the Federal Reserve is expected to restart its interest rate cut cycle in 2025, while OPEC+ continues to adjust its production plans, reflecting a cautious attitude towards short-term energy demand [1] - The petrochemical sector is expected to benefit from a stable oil price environment in 2026, with core domestic petrochemical companies likely to see improved profit elasticity [2] Group 3 - China National Petroleum Corporation is expected to benefit from natural gas market reforms, leading to stable performance improvements [2] - Sinopec is focusing on domestic refining and chemical sectors, enhancing cost control and market share [2] - CNOOC is advancing its reserve and production increase while reducing costs and improving efficiency [2] Group 4 - The chemical industry is anticipated to experience profit restructuring opportunities in 2026, with specific sectors like fluorochemicals and potash fertilizers expected to see improved market conditions [2] - The implementation of the "one certificate, one product" policy in the pesticide sector is expected to reshape market competition [2] - Breakthroughs in catalyst technology and biobased chemical production are crucial for enhancing competitiveness in high-end materials [2]