2026年伊始，A股业绩预告帷幕拉开。盐湖股份、天赐材料、华菱钢铁、首钢股份、孩子王、传化智联 等一批深市代表性公司率先交出2025年度业绩"预增"答卷，为市场注入暖意。 初步统计显示，这些公司预计净利润同比增幅均超过25%，最高增幅超300%，呈现出强劲的增长动 能。 尽管所属行业各异，涵盖资源化工、新能源材料、钢铁制造、消费服务、现代物流等多个领域，但业绩 向好的背后，折射出共同的驱动力：通过核心技术突破构筑壁垒、依托智能化与绿色化推动产业升级、 借助资本市场工具优化治理，以及敏锐捕捉新消费与新科技趋势。 业内人士认为，这深刻诠释了经济结构转型期中，优质上市公司如何凭借内生韧性与创新活力实现高质 量发展。 景气度回升龙头凭核心优势领跑 "高端化+智能化"重塑竞争力 在新能源产业链上游，新一轮景气周期正在启动。具备核心资源储备与显著技术优势的龙头企业，成为 此轮行业上行最直接的受益者，业绩弹性得到充分体现。 盐湖股份预计，2025年实现归属于上市公司股东的净利润82.9亿元至88.9亿元，同比增长77.78%至 90.65%。 据公司相关负责人介绍，业绩增长主要得益于钾肥和碳酸锂两大核心产品产销稳定、价格回 ...

证券日报网讯12月10日，日科化学（300214）在互动平台回答投资者提问时表示，公司业绩表现受行业 周期、原材料价格波动、下游市场需求变化等多重外部因素影响。公司会根据市场情况等因素，在合规 前提下推进回购事宜，相关进展将及时履行信息披露义务。公司所有项目均基于行业趋势与自身发展战 略审慎决策，部分项目因行业环境变化、技术迭代等因素导致推进节奏有所调整，绝非所谓"失败"。 ...

【环球时报记者 倪浩 环球时报驻德国特约记者 昭东】欧盟正在酝酿一项雄心勃勃的产业政策，拟对汽 车等关键产品设定高达70%的"欧洲制造"本地含量标准，并优先采购本土商品，旨在"减少对外部依 赖"。然而这一政策即将公布之际在欧盟内部引发分歧，有人担心欧洲产品的价格远高于亚洲进口产 品，这可能会使企业每年的成本增加超过100亿欧元，并削弱欧洲产品的市场竞争力。 " 本地含量 " 门槛高 据英国《金融时报》12月3日报道，这项名为《工业加速器法》的提案预计将于12月10日正式公布。这 项政策将通过政府补贴和公共采购等激励措施予以推广。例如，汽车只有达到本地化率标准才能获得政 府补贴，电动汽车电池也必须达到一定的欧洲制造比例。报道称，欧洲制造业正努力应对"来自亚洲廉 价进口产品"的竞争，尤其是在清洁技术和某些工业领域，其中汽车行业将被重点关注。一些官员担 心，欧洲制造的产品价格可能导致其失去市场竞争力。报道援引3名欧盟官员的分析称，作为产业政策 计划的一部分，某些关键产品的"本地含量"门槛可能高达70%，但具体目标将根据产业的关键性和依赖 性而有所不同。《金融时报》的报道认为，这项政策可能会迫使欧盟公司购买更昂贵的零 ...

格隆汇12月4日丨长华化学(301518.SZ)在投资者互动平台表示，公司目前不涉及电动自行车行业的直接 客户。 ...

据天眼查APP显示，华融化学股份有限公司成立于2000年09月07日，注册资本48000万人民币。（数据 宝） （文章来源：证券时报网） 数据宝统计，截至13:56，华融化学成交额11.94亿元，创上市以来新高。最新股价上涨4.24%，换手率 13.78%。上一交易日该股全天成交额为9.97亿元。 ...

Core Insights - The Chinese chemical industry is undergoing a profound strategic transformation driven by dual goals of "dual carbon" and high-quality development, with 2025 being a critical window for green, high-end, and refined upgrades [1] - A comprehensive guiding system has been established through various policies to promote high-quality development in the petrochemical sector, indicating a clear path for chemical listed companies to break through [1] - Green and low-carbon practices have become essential for corporate survival, with a mandate for key sub-industries to achieve over 30% of their capacity at benchmark energy efficiency levels by 2025 [1] Policy and Industry Transformation - Policies are focusing on high-end and refined chemical products, encouraging innovation through digital technologies and strengthening the industrial chain [2] - Companies are urged to enhance their technological capabilities and product iterations while collaborating with academic and research institutions to bridge the gap in technology transfer [2] - The elimination of outdated production capacity is accelerating, particularly in ecologically sensitive areas, with companies facing pressure to shut down or transform inefficient facilities [1] Market Dynamics - The chemical industry is currently in a phase of innovation-driven and globalized development, with a significant presence in the A-share market [29] - The industry is characterized by a structural adjustment where emerging sectors are growing rapidly while traditional sectors are experiencing a downturn [29] - The supply landscape is continuously optimizing, with compliance costs becoming a significant factor affecting profitability [29] Financial Performance - Revenue growth for chemical companies has turned positive, although profit growth remains negative, reflecting a challenging operating environment [30] - The overall profitability of the industry is under pressure, with significant variations in operational capabilities among companies [30] Capital and Investment Trends - There has been a contraction in IPOs and capital increases, with a focus on high-quality projects, while bond financing is gradually recovering [34] - Capital expenditures are shrinking year-on-year, indicating a cautious approach to new investments [35] Technological Innovation - R&D intensity is on the rise, with resources being directed towards high-end sectors, and the proportion of R&D personnel is increasing [36] - The industry is witnessing significant differentiation, with leading technology firms concentrating their efforts on innovation [36] Internationalization - Revenue from overseas markets is recovering, with leading companies deeply embedded in global markets [37] - Foreign investment in the sector is becoming more selective, reflecting global capital's focus on high-quality Chinese firms [39] Policy Guidance - Encouraging policies are centered on green and low-carbon initiatives, while restrictive policies are aimed at phasing out outdated production processes [40] - The capital market is supporting advanced green projects, guiding investments towards sustainable development [40]

Core Insights - The total revenue of the manufacturing industry in Hong Kong for 2024 is projected to reach HKD 300 billion, representing a year-on-year increase of 23.3% compared to 2023 [1] - The average total revenue per company in the manufacturing sector is expected to rise by 25.4% to HKD 47.3 million in 2024 [1] - The total operating expenses and employee compensation for the manufacturing industry in 2024 will amount to HKD 283.3 billion, an increase of 24.9% from 2023 [1] - The total surplus for the manufacturing industry is forecasted to be HKD 16.7 billion, a slight increase of 1.3% from 2023 [1] Manufacturing Sector Breakdown - The four major industry groups contributing to the manufacturing sector's value added in 2024 are: (1) Food, Beverages, and Tobacco Products, (2) Metal Products, Machinery, and Equipment, (3) Chemicals, Rubber, Plastics, and Non-Metallic Mineral Products, and (4) Paper Products, Printing, and Reproduction of Recorded Media, collectively accounting for 90.1% of the manufacturing industry's value added [2] - The total revenue for the Food, Beverages, and Tobacco Products sector in 2024 is projected to be HKD 47 billion, with operating expenses and employee compensation totaling HKD 41 billion, resulting in a surplus of HKD 6 billion [2] - The Metal Products, Machinery, and Equipment sector is expected to generate total revenue of HKD 199.1 billion, with operating expenses and employee compensation of HKD 195.2 billion, leading to a surplus of HKD 3.8 billion [2] - The Chemicals, Rubber, Plastics, and Non-Metallic Mineral Products sector is anticipated to have total revenue of HKD 29.4 billion, with operating expenses and employee compensation of HKD 25 billion, resulting in a surplus of HKD 4.4 billion [2] Energy Supply and Waste Management - The total revenue for the electricity and gas supply sector in 2024 is projected to be HKD 78.5 billion, a slight increase of 0.5% from 2023 [3] - The total operating expenses and employee compensation for this sector are expected to be HKD 49.7 billion, a decrease of 4.1% from 2023 [3] - The surplus for the electricity and gas supply sector is forecasted to be HKD 28.8 billion, an increase of 9.6% from 2023, representing 36.7% of the total revenue [3] - The total revenue for the wastewater treatment, waste management, and pollution prevention sector is expected to reach HKD 6.4 billion, an increase of 2.0% from 2023 [4] - The total operating expenses and employee compensation for this sector are projected to be HKD 5.5 billion, an increase of 2.1% from 2023 [4] - The surplus for the wastewater treatment and waste management sector is anticipated to be HKD 800 million, a slight increase of 1.1% from 2023 [4]

Core Viewpoint - The company emphasizes that project adjustments are made based on a comprehensive assessment of industry trends, market environment changes, and its strategic planning [1] Group 1 - The company states that project advancement is always aligned with industry trends and market conditions [1] - Adjustments to projects are made as a prudent decision considering multiple factors such as supply-demand dynamics and significant changes in product prices [1] - The core objective of these adjustments is to ensure efficient resource allocation and long-term stable development for the company [1]

关税政策本想帮忙，结果帮倒忙。从2018年开始加关税，到2025年扩展到钢铁、电子产品，税率25%到60%不等。企业成本直线上升，美国商会报告说， 89%的制造商成本涨了。消费者呢？额外支出每年3800美元左右。 说起美国制造业回流，这几年闹得沸沸扬扬，尤其是特朗普那时候推的关税政策，总想着用高关税把工厂逼回本土。结果呢，现实骨感得很。2025年都过了 一大半了，看看数据，制造业就业岗位不升反降，8月份丢了1.2万个工作，全年下来已经少了7.8万个。局劳工统计局的数据摆在那儿，不是随便说说的。工 厂想回来，劳动力从哪儿来？基础设施跟得上吗？供应链一断就乱套。这些问题堆在一起，回流听起来像个笑话。 先说劳动力这事儿。美国制造业现在缺人缺得慌。2025年2月份，就有48.2万个岗位空着没人干。制造业研究所和德勤的报告估摸着，到2033年，这个缺口 能到190万个。为什么？年轻人不爱进厂啊。现在的工厂不像以前那么简单，自动化到处都是，需要懂软件、数据分析、编码这些玩意儿。以前的蓝领工人 转不过弯来，新一代更愿意去科技公司或者服务行业混。 制造业平均时薪30多美元，听着不错，但比起硅谷那些高薪岗位，吸引力差远了。结果 ...

Core Viewpoint - Titanium Chemical (002145) has announced a plan to engage in foreign exchange hedging activities to mitigate currency fluctuation risks, with a total amount not exceeding RMB 50 billion and a maximum outstanding amount of RMB 30 billion [1] Group 1: Stock Performance - As of November 14, 2025, Titanium Chemical's stock closed at RMB 5.63, down 2.43% from the previous trading day, with a total market capitalization of RMB 21.432 billion [1] - The stock opened at RMB 5.69, reached a high of RMB 5.77, and a low of RMB 5.62, with a trading volume of RMB 384 million and a turnover rate of 1.81% [1] Group 2: Business Announcement - The company held the sixth (temporary) meeting of the eighth board of directors on November 14, 2025, where it approved the proposal for foreign exchange hedging business [1] - The hedging activities are intended to be funded by the company's own funds and will not involve raised funds, with a validity period of twelve months from the date of shareholder meeting approval [1] Group 3: Risk Management - The company acknowledges potential risks associated with currency fluctuations, internal controls, and customer defaults, and plans to implement corresponding risk control measures [1]