作为新能源材料行业的头部企业，厦钨新能在"十四五"时期实现了全方位突破。构建起"电池回收—前 驱体—正极材料"完整产业链体系，产品涵盖钴酸锂、三元材料、磷酸铁锂、氢能材料、新型电池材料 等全系列新能源材料，服务于3C、车载动力、储能三大核心市场，与国内外知名电池企业建立稳固合 作关系。 业绩方面，厦钨新能五年来累计销售正极材料超42.24万吨（其中2025年数据统计口径为前三季度，非 全年数据），2025年前三季度实现营业收入130.59亿元，同比增长29.80%，实现归母净利润5.52亿元， 同比增长41.54%。 改革与资本运作成为发展重要引擎。公司通过混合所有制改革、员工持股计划等系列动作，成功登陆科 创板，成为福建省第一家A拆A成功上市企业，为发展注入充足资本动力。 市场布局上，厦钨新能构建了海沧、璟鹭、三明、宁德、雅安五大正极材料生产基地，拥有15家控股公 司和分公司、2家参股公司。 发展模式方面，公司从产能提升向产品质量与产能规模双提升转变，从传统工业生产向数字化、可追溯 的数字工厂转型，从单纯产品销售向综合解决方案提供商转变。 （文章来源：证券时报） 过去五年，厦钨新能实现跨越式发展，成为新能源 ...

Investment Rating - The report suggests a cautious outlook on the chemical industry, with a focus on price increases for specific products and potential investment opportunities in companies like Kangkuan and nitrated cotton [1][2]. Core Insights - The chemical market is experiencing price increases, with notable price adjustments for products such as chlorantraniliprole and Bacillus thuringiensis, indicating a favorable pricing environment [1][2]. - Geopolitical tensions, particularly the Iran-Israel conflict, have led to increased oil prices, which in turn affects the chemical sector positively by raising the prices of related products like methanol and strontium carbonate [2][3]. - The report highlights significant events impacting the industry, including the launch of a new production facility by China Pingmei Shenma Group, which could alter the competitive landscape in the nylon industry [3][4]. Summary by Sections Market Overview - The basic chemical index fell by 0.01%, outperforming the CSI 300 index by 0.24% this week, with strong performances from specific stocks [1][11]. - Brent crude oil averaged $69.45 per barrel, up 6.22% week-on-week, while WTI crude oil averaged $67.89 per barrel, up 7.17% [11]. Key Events - The report notes the successful negotiation of a major potassium fertilizer contract at $346 per ton, indicating a positive outlook for the potassium fertilizer market [1]. - The establishment of a new 100,000 tons/year production facility by China Pingmei Shenma Group marks a significant development in the nylon supply chain [3]. Price Movements - The report tracks price changes for various chemical products, with significant increases noted in sectors such as textile chemical products and compound fertilizers [11][12]. - The report indicates that the prices of methanol and strontium carbonate are gaining attention due to their correlation with rising oil prices [2][11]. Industry Trends - The report emphasizes the ongoing recovery in domestic and international demand for chemicals, particularly in the tire and rubber sectors, which are seeing a resurgence in production rates [27][28]. - The AI industry is also highlighted, with significant investments being made, indicating a broader trend of technological integration within the chemical sector [4].