昊华科技今年以来股价涨7.38%，近5个交易日涨0.15%，近20日涨12.16%，近60日涨20.29%。 1月14日，昊华科技盘中下跌2.05%，截至13:08，报34.32元/股，成交2.37亿元，换手率0.63%，总市值 442.73亿元。 资金流向方面，主力资金净流出1615.47万元，特大单买入542.50万元，占比2.29%，卖出560.13万元， 占比2.36%；大单买入2549.60万元，占比10.76%，卖出4147.44万元，占比17.50%。 分红方面，昊华科技A股上市后累计派现21.52亿元。近三年，累计派现12.68亿元。 机构持仓方面，截止2025年9月30日，昊华科技十大流通股东中，华夏军工安全混合A（002251）位居 第五大流通股东，持股2613.69万股，相比上期增加733.70万股。香港中央结算有限公司位居第九大流通 股东，持股918.04万股，为新进股东。大成新锐产业混合A（090018）、大成睿景灵活配置混合A （001300）退出十大流通股东之列。 责任编辑：小浪快报 资料显示，昊华化工科技集团股份有限公司位于北京市朝阳区小营路19号财富嘉园A座昊华大厦A座， 成 ...

责任编辑：小浪快报 金石资源所属申万行业为：基础化工-化学制品-氟化工。所属概念板块包括：民爆、氟化工、送转填 权、稀缺资源、融资融券等。 截至9月30日，金石资源股东户数2.75万，较上期增加35.62%；人均流通股30617股，较上期增加 3.13%。2025年1月-9月，金石资源实现营业收入27.58亿元，同比增长50.73%；归母净利润2.36亿元，同 比减少5.88%。 分红方面，金石资源A股上市后累计派现6.82亿元。近三年，累计派现3.98亿元。 1月14日，金石资源盘中上涨2.07%，截至09:49，报19.72元/股，成交6118.38万元，换手率0.37%，总市 值165.98亿元。 资金流向方面，主力资金净流入361.33万元，特大单买入574.90万元，占比9.40%，卖出372.30万元，占 比6.08%；大单买入1173.02万元，占比19.17%，卖出1014.30万元，占比16.58%。 金石资源今年以来股价涨5.57%，近5个交易日涨1.02%，近20日涨9.74%，近60日涨12.24%。 资料显示，金石资源集团股份有限公司位于浙江省杭州市求是路8号公元大厦南楼2301室， ...

Group 1 - The core viewpoint of the news is that Jinshi Resources has shown a positive stock performance and significant revenue growth, despite a slight decrease in net profit [1][2]. Group 2 - As of January 13, Jinshi Resources' stock price increased by 2.04% to 19.48 CNY per share, with a total market capitalization of 16.396 billion CNY [1]. - The company experienced a net inflow of main funds amounting to 8.79 million CNY, with significant buying activity from large orders [1]. - Year-to-date, the stock price has risen by 4.28%, with a 9.25% increase over the past 20 days [1]. Group 3 - For the period from January to September 2025, Jinshi Resources achieved an operating income of 2.758 billion CNY, representing a year-on-year growth of 50.73% [2]. - The net profit attributable to shareholders decreased by 5.88% to 236 million CNY during the same period [2]. Group 4 - Jinshi Resources has distributed a total of 682 million CNY in dividends since its A-share listing, with 398 million CNY distributed over the past three years [3]. Group 5 - The company specializes in the investment and development of fluorite mines, as well as the production and sales of fluorite products, with its main revenue sources being anhydrous hydrofluoric acid (52.55%) and fluorite concentrate (38.03%) [1]. - Jinshi Resources is classified under the basic chemicals industry, specifically in the fluorochemical sector, and is associated with concepts such as civil explosives and scarce resources [1].

Investment Rating - The report maintains a "Strong Outperform" rating for the oil and petrochemical sector [1]. Core Viewpoints - The oil price is supported in the short term by geopolitical risks, particularly due to tensions between the U.S. and Venezuela, as well as instability in the Middle East [6]. - The supply of oil from Venezuela may see a recovery, but significant uncertainties remain regarding the scale of production due to the need for substantial investment [6]. - The fluorochemical sector is expected to maintain high levels of activity due to supply constraints and favorable demand driven by policy support [6]. - The semiconductor materials sector is experiencing a positive cycle with improving fundamentals and domestic substitution trends [7]. Summary by Sections Oil and Petrochemicals - Geopolitical tensions are influencing oil prices, with WTI crude futures rising by 2.72% and Brent crude by 3.70% in early January 2026 [6]. - The U.S. Treasury Secretary indicated potential easing of sanctions on Venezuela, which could lead to increased oil supply, but investment interest from U.S. companies remains cautious [6]. - The macroeconomic outlook includes a projected 150 basis point rate cut by the Federal Reserve in 2026, with stable employment growth signals [6]. Fluorochemicals - The supply quota for HFCs has increased slightly, with a total of 797,845 tons for 2026, which is a year-on-year increase of 5,963 tons [6]. - The demand for refrigerants is expected to grow due to continued government subsidies and favorable policies, particularly in the home appliance and automotive sectors [6]. - The production of household air conditioners is projected to increase by 11% year-on-year in January 2026, indicating strong demand [6]. Semiconductor Materials - The semiconductor materials sector is benefiting from a positive inventory destocking trend and improving end-market fundamentals [7]. - The report suggests that the sector may see further upward movement due to cyclical recovery and domestic substitution [7]. - Companies to watch include Shanghai Xinyang, Lianrui New Materials, and Qiangli New Materials [7].

Investment Rating - The report maintains a positive outlook on the basic chemical industry, highlighting strong performance in various sub-sectors and suggesting potential investment opportunities in specific companies [3][4][5]. Core Insights - The restructuring of China Petroleum & Chemical Corporation (Sinopec) and China Aviation Oil (China National Aviation Fuel) is a significant development, marking the first major state-owned enterprise restructuring in 2026, which is expected to enhance the production and application of sustainable aviation fuel (SAF) [3]. - The domestic urea market has shown signs of recovery, with prices rising to over 1700 RMB per ton, a 9% increase from the lowest point in October 2025, driven by steady demand and reduced supply [3][4]. - The report identifies several investment themes, including the competitiveness of domestic tire manufacturers, the potential recovery in consumer electronics, and the resilience of certain cyclical industries [4][5][7]. Summary by Sections Market Performance - The Shanghai Composite Index rose by 3.82%, the ChiNext Index by 3.89%, and the CSI 300 Index by 2.79%. The CITIC Basic Chemical Index increased by 5.39%, and the Shenwan Chemical Index by 5.03% [13][16]. - The top-performing sub-sectors included rubber additives (17.27%), electronic chemicals (15.08%), and modified plastics (9.87%) [16]. Key Industry Dynamics - Sinopec and China Aviation Oil's restructuring aims to streamline operations and enhance the production of SAF, positioning the companies for future growth in a low-carbon economy [3]. - The urea market is expected to continue its upward trend, with a forecast for moderate price increases in the near future due to favorable supply-demand dynamics [3][4]. Investment Themes - **Tire Industry**: Domestic tire manufacturers are becoming increasingly competitive, with recommended stocks including Sailun Tire, Senqcia, General Tire, and Linglong Tire [4]. - **Consumer Electronics**: A gradual recovery in consumer electronics is anticipated, with upstream material companies expected to benefit. Recommended stocks include Dongcai Technology, Stik, Lite-On Optoelectronics, and Ruian New Materials [4]. - **Cyclical Industries**: Focus on industries with strong resilience and inventory destocking, particularly in phosphate and fluorine chemicals, as well as polyester filament [5][7]. - **Vitamin Supply**: Attention is drawn to vitamin products due to supply disruptions from BASF, which may lead to market imbalances [7].

重要内容提示： ●本次交易现已取得浙江诺亚氟化工有限公司（以下简称"诺亚氟化工"或"标的公司"）全体股东放弃优 先购买权及机构股东放弃共同出售权的文件、全体股东签署的股东协议及标的公司股东会决议，首期款 的付款条件均已达成，金石资源集团股份有限公司（以下简称"公司"）于2026年1月9日向各转让方支付 《股权转让协议》约定的首期款项，合计128,467,779.92元。公司已于2026年1月9日取得所购买的标的 公司相关股权对应的股东权利。 登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 根据《股权转让协议》的相关约定，公司自首期款支付之日起取得所购买股权完全、合法、有效的所有 权，享有该等股权股东权利。 公司后续将根据《股权转让协议》的约定推进标的公司办理本次股权转让相关工商变更登记，并将根据 协议约定履行剩余50%股权转让价款即合计128,467,779.93元的付款义务。 三、风险提示 公司将根据后续进展情况及时履行信息披露义务。敬请广大投资者关注后续公告，注意投资风险！ ...

每经AI快讯，多氟多1月9日晚间发布公告称，公司第八届第二次董事会会议于2026年1月9日在焦作市 中站区焦克路公司科技大厦五楼会议室以现场和通讯相结合方式召开。会议审议了《关于开展2026年度 套期保值业务的议案》等文件。 每经头条（nbdtoutiao）——独家对话特斯拉FSD跨美第一人：4400公里"零接管"，手没碰过方向盘！作 为激光雷达销售员，他为何站队马斯克的"纯视觉"？ （记者 曾健辉） ...

山东东岳未来氢能材料股份有限公司（下称"未来材料"）的科创板IPO申请，正在进入监管层对治理结构、财务质量、关联依赖和技术自 立的实质审视阶段。 2025年6月，未来材料拟募资24.46亿元的IPO计划申报获上交所受理，并于10月披露首轮问询回复。随着问询推进，这些问题并不只关系 到IPO进程的推进节奏，也将被带入后续持续信息披露与市场检验之中。 在"硬科技"与氢能概念并行的背景下，公司一方面具备全氟质子交换膜等核心材料的技术积累，在多项内部及客户验证中对标国际主流厂 商技术指标，招股材料中亦将戈尔等国际企业作为对标对象，技术水平国内领先；另一方面，其业绩波动、关联依存与扩产节奏，也逐步 成为审核关注的集中落点。 这种"未来材料有实控人，东岳集团无实控人"的认定，实质上构建了一道防火墙。如果承认张建宏同时控制东岳集团，那么未来材料与东 岳集团旗下众多氟化工子公司的同业竞争问题将变得无法回避，且关联交易的公允性将受到更严格的穿透式监管。如果二者不存在法律上 的控制链条，发行人就可以在享受东岳集团产业链红利的同时，不受上市审核中关于独立性的硬性门槛约束。 有分析师指出，这种架构使得未来材料在名义上独立，但实际上极 ...

Core Viewpoint - The report from Guosen Securities indicates that the tightening of refrigerant quotas is a long-term trend, with expectations for continued demand and price increases for mainstream refrigerants like R32, R134a, and R125, as well as a positive outlook for companies with leading positions in the refrigerant quota market [1] Group 1: Refrigerant Pricing and Production - In Q1, the long-term contract prices for mainstream refrigerants have continued to rise, with R32 expected to reach 61,200 yuan/ton, a 1.66% increase from Q4 2025, and R410A at 55,100 yuan/ton, a 3.57% increase [1] - The expected price ranges for the upcoming week are approximately 62,000-63,000 yuan/ton for R32, 55,000-56,000 yuan/ton for R410A, and 56,000-57,000 yuan/ton for R134a [1] - The prices for R134a and R125 have increased to 58,000 yuan/ton and 47,500 yuan/ton respectively, with R410A also seeing a rise to 54,500 yuan/ton [2] Group 2: Production and Export Trends - Domestic production of air conditioners in January 2026 reached 7.86 million units, an 8.9% year-on-year increase, while February saw a decrease of 12% [3] - Exports in January 2026 totaled 1.065 million units, a 1.2% increase year-on-year, but February experienced an 11% decline [3] - The overall export market has shown a downward trend since May, with a cumulative export of 55.16 million units from January to November, reflecting a 2.9% year-on-year decrease [2] Group 3: Liquid Cooling and Demand for Fluorinated Liquids - The development of AI technology has led to increased power density in servers, pushing the demand for liquid cooling solutions, which in turn is expected to boost the demand for fluorinated liquids and refrigerants [4] - Companies such as Juhua Co., Sanmei Co., and Dongyue Group are recommended for their potential in this growing market [4] Group 4: PVDF Price Trends - The PVDF market is experiencing a price increase due to rising raw material costs and improved supply-demand dynamics, with mainstream prices for different grades ranging from 54,000 to 60,000 yuan/ton [5] - Companies are showing a strong willingness to maintain prices and pass on cost pressures to downstream customers [5] Group 5: Industry News - Dongyangguang has acquired Datuhot Control; Dongyue Group has announced an expansion project for R32 production; Jinshi Resources plans to acquire a 15.71% stake in Noah Fluorine Chemical for 257 million yuan [6]

Group 1: Macro and Strategy - The core conclusion indicates that the incremental capital entering the A-share market in 2025 is characterized by active funds such as leveraged and private equity funds, with a significant inflow from insurance capital, while public equity funds are experiencing net redemptions [7][10] - It is expected that in 2026, the total incremental capital will reach 2 trillion yuan, driven by a recovery in risk appetite among residents, particularly from high-net-worth individuals [10][9] - The market environment in 2025 shows similarities to 2020, but the structure of incremental capital differs, suggesting a gradual increase in resident participation in the market [10][9] Group 2: Agricultural Industry - The agricultural sector is witnessing a potential upward trend in beef prices due to the implementation of import guarantee measures, indicating a reversal in the livestock cycle [15] - As of December 31, 2025, the price of live pigs was 12.67 yuan/kg, reflecting a week-on-week increase of 10.37%, while beef prices reached 60.91 yuan/kg, up 20.61% year-on-year [16][15] - The report highlights the importance of supply-demand dynamics in the agricultural sector, with a focus on the recovery of pork prices and the potential for sustained growth in beef prices [15][16] Group 3: Chemical Industry - The potassium fertilizer market is experiencing a tight supply-demand balance, with domestic production expected to decrease while imports are projected to rise, leading to a historical high in import volumes [24][25] - The price of potassium chloride as of December 31, 2025, was 3,282 yuan/ton, showing a year-on-year increase of 30.45%, driven by the need for food security [24][25] - The report anticipates a long-term price stability for phosphate rock due to increasing demand from new energy materials, with the market price for 30% grade phosphate rock remaining high [25][26] Group 4: Automotive Industry - The general aviation market is poised for steady development, driven by policy support, technological advancements, and market expansion [18][19] - The report emphasizes the potential for growth in low-altitude operations, with a focus on high-value applications such as logistics and maritime transport [20][21] - The global general aviation market is projected to grow, with an expected compound annual growth rate of 4.72% by 2029, indicating significant opportunities for domestic players [19][20] Group 5: Media and Internet Industry - The media sector has shown resilience, with a 2.27% increase in the industry index, outperforming major indices [22] - Upcoming IPOs for companies like Minimax and Zhiyu are anticipated to attract attention, particularly in the AI application sector [22][23] - The report highlights the strong performance of films during the New Year period, indicating a recovery in consumer spending in the entertainment sector [23][24]