股票代码：600449 股票简称：宁夏建材 公告编号：2025-017 宁夏建材集团股份有限公司 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。 预计 2025 年上半年净利润指标同比增加的主要原因为公司持续 加强行业生态建设，坚持错峰生产，主产品销量及价格同比保持相对 稳定，严控成本费用开支，原煤采购成本和期间费用同比均实现下降； 同时公司加强应收账款压降，长账龄应收账款清收效果显现。 四、风险提示 重要内容提示： ? 本次业绩预告的适用情形：实现盈利，且净利润与上年同期 相比上升 50%以上。 ? 宁夏建材集团股份有限公司（以下简称"公司"）2025 年半 一、本期业绩预告情况 所有者的净利润为 9,700 万元～12,500 万元，与上年同期（法定披露 数据）相比，将增加 4,450 万元～7,250 万元，同比增加 84.77%～ 损益的净利润为 6,800 万元～9,600 万元，与上年同期（法定披露数 据） 相比，将增加 3,951 万元～6,751 万元， 同比增加 138.69%～236.97%。 二、上年同 ...

中新网黑龙江新闻7月11日电(吴昌林)今年以来，哈市香坊区消费热潮涌动，政策红利持续释放，多元 业态深度融合，香坊区商务局持续发力，始终以多元消费场景叠加政策红利，为消费者带来实实在在优 惠的同时，有力推动区域经济蓬勃向上、稳健提升。 聚焦重点领域，精准释放政策红利。积极落实家电数码、智能家居、家装建材等领域补贴政策，截至目 前已开展40余家市场主体政策申报工作，同时持续开展"绿色智能焕新生活"汽车、家电进机关、大厂、 社区活动，先后走进区政府、民生大厦、电机厂及哈药集团，合计7家家电企业、7家汽车企业携带30余 种产品、12种车型参与。为机关职工和企业员工提供消费福利的同时提升了企业零售额经济指标，后续 将继续挖掘活动点位，让政策红利覆盖更多群体。 创新"票根经济"，打造多元消费体验。创新实践"票根经济"，开展"'票根+'激发消费新活力——一票在 手畅享观影、旅游、品美食全优惠"活动，组织区内近70家住宿、餐饮、大型综合体、洗浴、4s店参 与，引导企业制定各具特色的票根经济优惠活动，以多元化的消费场景和精准化的营销策略，为消费者 带来更加丰富多彩的生活体验，有效提升区域商业的吸引力与竞争力。 从发放消费券刺 ...

Core Viewpoint - The "anti-involution" policy is gaining traction in the market, aimed at addressing the overcapacity issues in traditional industries and enhancing profitability for industrial enterprises [1][2]. Group 1: Historical Context - In the previous round of supply-side reforms, key sectors such as steel, coal, and building materials were prioritized, resulting in significant price increases: coal sector rose by 18.03%, steel by 20.04%, and building materials by 29.96% from February 2016 to December 2017 [2][4]. Group 2: Current Industry Focus - **Photovoltaics**: The industry is undergoing self-regulation with major companies committing to a 30% production cut starting July, which may stabilize prices and improve profitability [5][6]. - **Building Materials**: A coalition of 33 major construction firms has initiated a campaign against excessive competition, with the China Cement Association advocating for high-quality development and price increases to combat rising costs [9]. - **Coal**: The supply-side reform focuses on reducing production capacity, which is expected to boost coal prices and profits. The coal sector is also benefiting from high dividend yields, with the index showing over 6% yield as of mid-2025 [10]. - **Steel**: The steel industry faces challenges from declining demand and increased export pressure. However, if government policies are implemented to control production, profitability may improve as prices are already at historical lows [11]. Group 3: Investment Opportunities - **Photovoltaics ETF**: The potential for recovery in the photovoltaic sector presents an investment opportunity [9]. - **Building Materials ETF**: The largest market scale ETF in the building materials sector is highlighted as a key investment [9]. - **Coal ETF**: The only coal ETF in the market is noted for its growing scale and high dividend potential [10]. - **Steel ETF**: The unique steel ETF in the market is also mentioned as an investment opportunity [12].

2024年1月国务院办公厅颁布《关于发展银发经济增进老年人福祉的意见》，实施一年多以来，一方 面，社会各界普遍认为，银发经济是极具发展潜力的新赛道；但另一方面，市场主体也普遍反映"政策 热、市场难"，运营困难状况没有根本缓解，一些领域同质化竞争、价格内卷现象突出。有学者认为， 当前对银发市场规模和发展前景的估计过于乐观，一些领域出现了产能过剩。究竟如何把握我国银发经 济的发展态势，"十五五"时期又该如何优化政策措施，以实现银发经济的高质量发展？ 当前我国银发经济的 发展态势 一方面，在政策和市场的双重推动下，我国银发市场主体持续活跃，重点领域持续升温。据全国组织机 构统一社会信用代码数据服务中心的数据，截至2024年12月31日，我国养老服务相关企业约有16万家， 比2023年底增长24.36%，其中康复护理、老年教育、医疗疗养等相关行业取得较快发展，增速分别为 36.05%、34.15%、31.26%；我国各类养老相关社会组织共有约1.65万家，比2023年底增长2.12%。从消 费热点看，适老化改造、智慧养老、银发文旅等领域需求加快释放。住房城乡建设部数据显示，2019年 至2023年，全国累计新开工改造 ...

文 | 曾宁 来源 | 曾宁大宗商品研究 编辑 | 杨兰 审核 | 浦电路交易员 最近关于"反内卷"的讨论如火如荼，与此同时，以多晶硅为代表的大宗商品出现了大幅的反弹，那 么，本轮大宗商品的反弹，仅仅是因为"反内卷"吗？后期大宗商品的进一步走势如何？本期我们结合 近期的宏观和产业背景进行简要分析。 今年以来最弱的大宗商品，就是和"煤炭+地产"关系最密切的大宗商品，以黑色建材和新能 源商品为代表，但是从6月份以来，黑色建材和新能源商品整体上就进入了筑底阶段，背后 的原因，主要是成本触及底部以及需求的超预期。 从成本来看，最近两年煤炭的过剩格局，使得煤炭以及和煤炭相关的黑色建材、工业硅、多 晶硅等商品成本坍塌。但是，随着动力煤和焦煤价格进入边际成本线，以及适逢当前的迎峰 度夏，煤炭价格出现了企稳反弹，大宗商品的长鞭效应以及资本市场的羊群效应构成了煤炭 的下游商品反弹的基础。 另外一方面是需求的超预期，4月份之后特朗普的关税实际落地不及预期，缓解了全球的需 求担忧，中国的出口持续超预期。从海外来看，美国经济当前稳健，"大而美"法案的通过尽 管长期来看将加大美国的债务风险，但中短期内将继续提振美国经济。在海外经济相对 ...

文字早评 2025/07/10 星期四 宏观金融类 股指 宏观消息面： 期指基差比例： IF 当月/下月/当季/隔季：-0.36%/-0.74%/-0.97%/-1.79%； IC 当月/下月/当季/隔季：-0.39%/-1.29%/-2.19%/-4.26%； IM 当月/下月/当季/隔季：-0.50%/-1.59%/-2.76%/-5.68%； IH 当月/下月/当季/隔季：-0.37%/-0.59%/-0.58%/-0.54%。 交易逻辑：海外方面，近期主要关注点在美国对各国征收关税带来的影响。国内方面，重点关注 7 月份 "中央政治局会议"预期。当前国债利率处于低位，股债收益比较高，淤积在金融系统的资金有望流入 高收益资产，经济也有望在众多政策的助力下企稳。建议逢低做多与经济高度相关的 IH 或者 IF 股指期 货，亦可择机做多与"新质生产力"相关性较高的 IC 或者 IM 期货。 期指交易策略：单边建议逢低买入 IF 股指多单，套利暂无推荐。 国债 行情方面：周三，TL 主力合约上涨 0.19%，收于 121.09；T 主力合约上涨 0.05%，收于 109.050；TF 主 力合约上涨 0.03% ...

Core Viewpoint - The comprehensive utilization of waste resources in China is becoming increasingly important for sustainable urban development, driven by rising waste generation and the need for resource recycling under the "carbon peak and carbon neutrality" framework [1][12]. Market Overview - The waste resource comprehensive utilization industry in China is projected to achieve an operating income of 1,204.3 billion yuan in 2024, with a year-on-year growth of 2.70%, and a total profit of 22.82 billion yuan, also reflecting a growth of 2.61% [1][12]. - In the first four months of 2025, the industry has already completed an operating income of 377.67 billion yuan, generating a profit of 4.1 billion yuan [1]. Market Policies - A series of supportive policies have been issued to encourage the development of the waste resource comprehensive utilization industry, including guidelines for recycling systems and promoting green manufacturing [4][6]. Industry Chain - The upstream of the waste resource comprehensive utilization industry includes various sources of waste, such as residential, industrial, commercial, and agricultural waste, with collection channels including individual recyclers, community recycling stations, and direct collection by enterprises [7]. - The midstream involves the production of recycled products, utilizing recycled materials in various sectors, such as metals, plastics, paper, and construction materials [8]. Competitive Landscape - The industry is characterized by a large number of participants and a fragmented market structure, with 3,841 scale enterprises reported in 2024, marking an increase of 11.43% [16]. - Major companies in the industry include GreenMe, ShouChuang Environmental Protection, Camel Group, and others, with GreenMe leading in revenue at 33.2 billion yuan in 2024 [17][18]. Company Analysis - GreenMe has positioned itself as a leader in the waste recycling industry, achieving an operating income of 33.2 billion yuan, with 7.44 billion yuan from waste resource utilization, accounting for 22.4% of total revenue [20]. - Yiqiu Resources focuses on recycling aluminum, generating 6.999 billion yuan in total revenue, with 6.981 billion yuan from waste resource utilization, representing 99.74% of its total income [22]. Development Trends - Future trends indicate a collaborative approach among waste resource utilization enterprises and their upstream and downstream partners to enhance resource efficiency and economic benefits [24]. - There is an anticipated expansion into overseas markets, particularly in Southeast Asia and Africa, leveraging technological advantages to increase resource acquisition and market share [24].

Group 1 - The third Saudi Industry Forum "SIF 2025" was held in Dammam, Saudi Arabia, focusing on "Digital Transformation and Sustainable Development" in the industrial sector [1] - Over 30,000 attendees participated in the forum, which included 78 sessions and more than 320 companies [1] - Several prominent Saudi companies, including Saudi Aramco and Al Ojaimi Industrial Group, showcased their presence at the event [1] Group 2 - Six Chinese companies participated in the forum, presenting a variety of products ranging from sea salt to advanced AI technology [3] - Notable Chinese participants included Tianjin Hangu Salt Field, Shanghai's AI Technology Company, and Shanxi Yungang Paper Industry, all of which received positive feedback for their high-quality products [3] - The event featured a product introduction from Hebei's agricultural and commercial associations, highlighting "Hebei Intelligent Manufacturing" [3] Group 3 - Saudi officials expressed a warm welcome to Chinese companies, encouraging investment and collaboration in the Saudi industrialization process [5] - A roadshow and signing ceremony were held for five participating Chinese companies, emphasizing their desire for close cooperation with Saudi firms [5] - Chinese representatives detailed their product advantages and expressed a commitment to mutual growth with Saudi partners [5]

从沪深300建材指数持仓的市场板块来看，上海证券交易所占比100.00%。 从沪深300建材指数持仓样本的行业来看，水泥与混凝土占比100.00%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。遇临时调整时，当沪深300指数调整样本时，沪深300行业指数样本 随之进行相应调整。在样本公司有特殊事件发生，导致其行业归属发生变更时，将对沪深300行业指数 样本进行相应调整。当样本退市时，将其从指数样本中剔除。样本公司发生收购、合并、分拆等情形的 处理，参照计算与维护细则处理。 金融界7月9日消息，A股三大指数收盘涨跌不一，沪深300建材指数 (300建材，L11604)报6031.14点。 数据统计显示，沪深300建材指数近一个月下跌2.36%，近三个月下跌9.83%，年至今下跌5.89%。 据了解，为反映沪深300指数样本中不同行业公司证券的整体表现，为投资者提供分析工具，将沪深300 指数300只样本按行业分类标准分为11个一级行业、35 ...

从贸易大数据看关税冲击下的中国外需 20250708 摘要 中国出口展现韧性：尽管面临关税压力，中国年初以来出口增长强于多 数经济体，4-5 月仍实现增长，表明贸易动能切换，新兴市场占比上升， 发达经济体占比下降，新市场需求成核心支撑。 商品类别差异：关税对消费品冲击明显，中间品和资本品展现韧性，反 映中国在全球竞争优势。锂电池、新能源车、工程机械、集成电路等高 景气，光伏、建材、纺织品等受拖累，高景气商品在新兴和发达市场均 有需求。 对美出口影响：约 70%输美产品具关税弹性受冲击，10%受严重打击， 20%具韧性。消费品冲击大于中间品，消费电子压力大，电子元件及锂 电池具韧性。二季度输美价格走弱，数量下降，部分厂商以价换量。 主要品类下跌：二季度中国对美出口主要品类全线下跌，汽车链条、电 子元件、户外运动用品、钢铁制品和纺织服装等品类因价格竞争优势保 持韧性。 战略商品调整：一季度美国对中国稀土需求强劲，二季度中国实施防治 措施后，美国进口大幅回落。5 月中美贸易政策缓和，但 5 月出口仍下 行。战略商品出口可作为经贸关系指标。 Q&A 当前美国对华关税背景下，对中国不同类型产品出口有哪些具体影响？ 在当 ...