证券日报网讯 盐湖股份（000792）11月25日在互动平台回答投资者提问时表示，察尔汗盐湖属于卤水 湖，因卤水浓度较高，冬季不会出现结冰现象，公司碳酸锂生产目前保持正常。同时，随着公司对碳酸 锂生产工艺的持续优化与改进，冬季低温环境对生产的影响已逐步降低，有效保障了生产经营的稳定。 ...

【冠通期货研究报告】 PVC日报：震荡运行 发布日期：2025年11月25日 【行情分析】 上游西北地区电石价格稳定。目前供应端，PVC开工率环比增加0.32个百分点至78.83%，PVC开工 率转而小幅增加，仍处于近年同期偏高水平。PVC下游开工率继续小幅回落，虽超过过去两年同期， 只是仍是偏低水平。印度将关于PVC的BIS政策终止，对于中国出口PVC至印度的担忧有所缓解。印度 反倾销税也大概率取消，PVC以价换量，上周出口签单环比回升。上周社会库存小幅增加，但目前仍 偏高，库存压力仍然较大。2025年1-10月份，房地产仍在调整阶段，投资、新开工、竣工面积同比 降幅仍较大，投资、销售、新开工、竣工等同比增速进一步下降。30大中城市商品房周度成交面积 环比回升，但仍处于近年同期最低水平，房地产改善仍需时间。氯碱综合利润仍为正值，PVC开工率 同比往年偏高。同时新增产能上，40万吨/年的天津渤化已满负荷生产，30万吨/年的甘肃耀望和30 万吨/年的嘉兴嘉化试车后低负荷运行。目前PVC产业还未有实际政策落地，老装置也大多通过技改 升级，当然反内卷与老旧装置淘汰，解决石化产能过剩问题仍是宏观政策，将影响后续行情。 ...

Core Insights - The lithium battery industry is experiencing a new cycle characterized by rising prices and increasing demand for hexafluorophosphate lithium, which is a key raw material for electrolytes [2][3][4] Price Trends - Hexafluorophosphate lithium prices have been on the rise since September, reaching an average of 160,500 CNY per ton by November 25, marking a 226% increase from the low of 49,300 CNY per ton in July [3] Order and Demand - The industry is witnessing robust demand, with companies reporting significant improvements in performance. For instance, the revenue of Dofluorid increased over fourfold year-on-year in the first three quarters of 2025, while Tianqi Materials reported a 22.34% increase in revenue to 10.843 billion CNY [4] Production Expansion - To meet the growing demand in the energy storage market, the industry has initiated multiple expansion projects for hexafluorophosphate lithium, with nearly 10 projects updated this year [5][6] Specific Projects - Notable projects include: - Hongyuan Pharmaceutical's 6,000 tons/year hexafluorophosphate lithium expansion project, which has passed energy-saving and environmental assessments [6] - The approval of Jiangxi Fuli's 50,000 tons/year hexafluorophosphate lithium project, which is in the equipment procurement phase [8] - Xinjiang Kexin Chemical's investment of 8.647 billion CNY for a project that includes 30,000 tons/year of hexafluorophosphate lithium [9] Capacity and Market Dynamics - The current market is dominated by leading companies with concentrated market share and effective capacity. This is expected to lead to increased orders and high operating rates, positively impacting performance [10][11]

Core Viewpoint - The company has approved the use of idle raised funds for cash management, emphasizing safety and liquidity in investment choices [1] Group 1: Company Actions - The company will utilize up to 150 million yuan of temporarily idle raised funds for cash management [1] - Investments will be made in low-risk, high-liquidity products such as structured deposits and large-denomination certificates of deposit [1] - The board's decision is valid for 12 months from the date of approval, allowing for rolling use of funds within the specified limit [1] Group 2: Impact and Assurance - The company assures that this action will not affect the progress of investment projects funded by the raised capital or normal business operations [1] - Risk control measures have been established to ensure the safety of the funds [1]

盐湖股份11月25日大宗交易平台出现一笔成交，成交量50.00万股，成交金额1295.00万元，大宗交易成 交价为25.90元，相对今日收盘价折价0.92%。该笔交易的买方营业部为机构专用，卖方营业部为中国中 金财富证券有限公司青海分公司。 据天眼查APP显示，青海盐湖工业股份有限公司成立于1997年08月25日，注册资本529157.2541万人民 币。（数据宝） 11月25日盐湖股份大宗交易一览 | 成交量（万 | 成交金额 | 成交价格 | 相对当日收盘折溢 | 买方营 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | 股） | （万元） | （元） | 价（%） | 业部 | | | 50.00 | 1295.00 | 25.90 | -0.92 | 机构专 | 中国中金财富证券有限公司 | | | | | | 用 | 青海分公司 | （文章来源：证券时报网） 进一步统计，近3个月内该股累计发生6笔大宗交易，合计成交金额为1.88亿元。 证券时报·数据宝统计显示，盐湖股份今日收盘价为26.14元，上涨2.99%，日换手率为1.86%，成交额为 25.4 ...

（记者 曾健辉） 每经AI快讯，万润股份（SZ 002643，收盘价：13.02元）11月25日晚间发布公告称，中国节能计划自 2025年11月24日起6个月内（即2025年11月24日至2026年5月23日），以自有资金及股票增持专项贷款通 过集中竞价交易方式，择机以适当的价格增持公司股份，拟增持金额不低于人民币3.65亿元、不高于人 民币7.3亿元。截至本次增持计划实施前，中国节能持有公司股份约2.12亿股，占公司当前总股本的 23.01%；中国节能的全资子公司中节能资本控股有限公司持有公司股份约2010万股，占公司当前总股 本的2.18%。 2025年1至6月份，万润股份的营业收入构成为：化学原料及化学制品制造业占比100.0%。 截至发稿，万润股份市值为120亿元。 每经头条（nbdtoutiao）——688496，被证监会立案！刚上市业绩就变脸，亏损超1亿元；核心产品受重 创：第一大客户"自产自用"，减少采购 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 11月25日，盐湖股份收涨2.99%，收盘价为26.14元，发生1笔大宗交易，合计成交量50万股，成交金额 1295万元。 第1笔成交价格为25.90元，成交50.00万股，成交金额1,295.00万元，溢价率为-0.92%，买方营业部为机 构专用，卖方营业部为中国中金财富证券有限公司青海分公司。 进一步统计，近3个月内该股累计发生6笔大宗交易，合计成交金额为1.88亿元。该股近5个交易日累计 下跌0.80%，主力资金合计净流入2.36亿元。 责任编辑：小浪快报 ...

| 权益类证券大宗交易(协议交易) | | | | | | | 团 下载 | | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 (万股/万份) | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | 2025-11-25 | 000792 | 盐湖股份 | 25.90 | 50.00 | 1,295.0 机构专用 | | 中国中金财富证券 有限公司青海分公 | | | | | | | | | 그 | 11月25日，盐湖股份大宗交易成交50万股，成交额1295万元，占当日总成交额的0.51%，成交价25.9 元，较市场收盘价26.14元折价0.92%。 ...

Core Viewpoint - The company confirms that its lithium carbonate production remains stable during winter due to the high salinity of the Chaqi Salt Lake, which prevents freezing [1] Group 1 - The Chaqi Salt Lake is classified as a brine lake, characterized by high salinity levels [1] - The company has optimized and improved its lithium carbonate production processes, reducing the impact of low winter temperatures on production [1] - The stability of production operations has been effectively ensured despite seasonal changes [1]

Core Viewpoint - The company is making significant progress on its projects, including the Yingcheng chemical project and the Leibo phosphate mining project, which are expected to enhance its market competitiveness. Group 1: Yingcheng Chemical Project - The Yingcheng base's 700,000 tons of synthetic ammonia and its supporting projects are progressing smoothly, with core equipment installation completed and supporting facilities under construction [2] - The 1.5 million tons of refined salt production line, part of the project, has been completed and is currently in the debugging phase, while other supporting production lines are also advancing simultaneously [2] Group 2: Leibo Phosphate Mining Project - The Leibo base has three phosphate mine resources with a total resource reserve of approximately 549 million tons, with the following project updates: [2] - The Aju Luo Xia phosphate mine's 2.9 million tons mining and selection project is steadily progressing, with underground infrastructure, surface construction, and slope protection work being carried out in an orderly manner [2] - The Niu Niu Zhai East section phosphate mine's 4 million tons mining and selection project is also advancing smoothly [2] - The Niu Niu Zhai West section phosphate mine is currently in the "exploration to mining" phase [2] - The company aims to focus on resources and accelerate project construction to establish a solid foundation for enhancing market competitiveness [2]