| | | | 投资咨询业务资格:证监许可[ 2012 ]31号 | | HIGERES | | --- | --- | --- | --- | --- | --- | | | | | | | 尿素数据日报 | | | | | 国贸期货研究院 | | 期货从业号:F3054270 | | | | | 能源化工研究中心 陈三州 2 | | 投资咨询证号:Z0015946 | | | 指标 | 2026/12/29 | 2025/12/26 | 涨跌值 | 行情评述 | | | 沫煤 | 500. 00 | 500. 00 | 0.00 | | | 成本 | 无烟小块 | 940.00 | 940. 00 | 0.00 | | | | 天然气 | 3550.00 | 3450.00 | 100. 00 | | | | 河南 | 1680. 00 | 1700.00 | -20.00 | | | | 河北 | 1720.00 | 1730.00 | -10.00 | 本周工业复合肥开工率逐渐提升,但因 | | | 安徽 | 1710.00 | 1720.00 | -10.00 | 农业需求下降明显,且尿素供应持续高 ...

12月29日，宝泰隆跌1.70%，成交额1.45亿元。两融数据显示，当日宝泰隆获融资买入额1610.55万元， 融资偿还654.42万元，融资净买入956.13万元。截至12月29日，宝泰隆融资融券余额合计2.64亿元。 融资方面，宝泰隆当日融资买入1610.55万元。当前融资余额2.64亿元，占流通市值的3.98%，融资余额 超过近一年80%分位水平，处于高位。 融券方面，宝泰隆12月29日融券偿还1500.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量10.04万股，融券余额34.74万元，低于近一年10%分位水平，处于低位。 机构持仓方面，截止2025年9月30日，宝泰隆十大流通股东中，国泰中证煤炭ETF（515220）位居第三 大流通股东，持股5328.34万股，相比上期增加3244.96万股。香港中央结算有限公司位居第六大流通股 东，持股2122.01万股，为新进股东。招商中证煤炭等权指数A（161724）位居第七大流通股东，持股 1062.84万股，相比上期增加126.63万股。富国中证煤炭指数A（161032）位居第十大流通股东，持股 796.91万股，相比上期增加 ...

Core Viewpoint - Baotailong's stock has shown volatility with a year-to-date increase of 21.26%, but a recent decline of 12.05% over the past five trading days, indicating potential market fluctuations and investor sentiment changes [1] Company Overview - Baotailong New Materials Co., Ltd. is located in Qitaihe City, Heilongjiang Province, established on June 24, 2003, and listed on March 9, 2011. The company engages in coal mining, washing and processing, coking, chemical production, power generation, heating, new energy, and new materials [2] - The main revenue composition includes raw coal (28.60%), clean coal (22.92%), slack coal (22.61%), heating and electricity (21.68%), new materials (1.70%), and others [2] Financial Performance - For the period from January to September 2025, Baotailong reported operating revenue of 479 million yuan, a year-on-year decrease of 57.55%, while net profit attributable to shareholders increased by 118.44% to 50.36 million yuan [2] - The company has distributed a total of 332 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3] Shareholder Structure - As of September 30, 2025, Baotailong had 83,100 shareholders, a decrease of 10.86% from the previous period, with an average of 23,062 circulating shares per shareholder, an increase of 12.18% [2] - Major shareholders include Guotai Zhongzheng Coal ETF, which increased its holdings by 32.45 million shares, and Hong Kong Central Clearing Limited, a new shareholder with 21.22 million shares [3]

Core Insights - On November 17, Baotailong's stock rose by 1.99% with a trading volume of 1.205 billion yuan [1] - As of November 17, Baotailong's total margin trading balance reached 314 million yuan, indicating a high level of financing activity [1] Financing and Margin Trading - On November 17, Baotailong had a financing buy-in of 105 million yuan and a repayment of 127 million yuan, resulting in a net financing outflow of 22.11 million yuan [1] - The current financing balance of 312 million yuan accounts for 3.54% of the circulating market value, exceeding the 90th percentile level over the past year [1] - The short selling data shows no shares were sold or repaid on November 17, with a remaining short selling balance of 1.2424 million yuan, also at a high level [1] Company Overview - Baotailong New Materials Co., Ltd. was established on June 24, 2003, and listed on March 9, 2011, located in Qitaihe City, Heilongjiang Province [1] - The company's main business includes coal mining, washing and processing, coking, chemical production, power generation, heating, new energy, and new materials [1] - The revenue composition includes raw coal (28.60%), washed coal (22.92%), fine coal (22.61%), heating and electricity (21.68%), new materials (1.70%), and others [1] Financial Performance - As of September 30, the number of Baotailong shareholders decreased by 10.86% to 83,100, while the average circulating shares per person increased by 12.18% to 23,062 shares [2] - For the period from January to September 2025, Baotailong reported a revenue of 479 million yuan, a year-on-year decrease of 57.55%, while the net profit attributable to shareholders increased by 118.44% to 50.36 million yuan [2] Dividend and Shareholding Structure - Baotailong has distributed a total of 332 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3] - As of September 30, 2025, the top ten circulating shareholders include notable institutional investors, with significant increases in holdings from several funds [3]

Core Viewpoint - Baotailong's stock price has shown significant growth this year, with a year-to-date increase of 52.16%, and a notable rise of 12.81% in the last five trading days [2] Group 1: Stock Performance - As of November 14, Baotailong's stock price reached 4.58 CNY per share, with a trading volume of 288 million CNY and a turnover rate of 3.19% [1] - The stock has experienced a 70.26% increase over the past 60 days [2] - Baotailong has appeared on the trading leaderboard eight times this year, with the most recent appearance on October 21, where it recorded a net buy of -59.07 million CNY [2] Group 2: Financial Performance - For the period from January to September 2025, Baotailong reported a revenue of 479 million CNY, a decrease of 57.55% year-on-year, while the net profit attributable to shareholders was 50.36 million CNY, an increase of 118.44% [3] - The company has cumulatively distributed 332 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [4] Group 3: Shareholder Structure - As of September 30, 2025, Baotailong had 83,100 shareholders, a decrease of 10.86% from the previous period, with an average of 23,062 circulating shares per shareholder, an increase of 12.18% [3] - Major shareholders include Guotai Zhongzheng Coal ETF, which holds 53.28 million shares, and Hong Kong Central Clearing Limited, a new shareholder with 21.22 million shares [4]

Group 1 - The core point of the news is that Baotailong New Materials Co., Ltd. experienced a stock price increase of 5.18%, reaching 4.47 CNY per share, with a trading volume of 546 million CNY and a turnover rate of 6.50%, resulting in a total market capitalization of 8.563 billion CNY [1] - Baotailong, established on June 24, 2003, and listed on March 9, 2011, is primarily engaged in coal mining, washing and processing, coking, chemical production, power generation, heating, new energy, and new materials [1] - The company's main revenue sources are: raw coal (28.60%), clean coal (22.92%), slack coal (22.61%), heating and electricity (21.68%), new materials (1.70%), and other products (1.30% and below) [1] Group 2 - From the perspective of Baotailong's top ten circulating shareholders, Guotai Fund's ETF, Guotai Zhongzheng Coal ETF (515220), increased its holdings by 32.45 million shares in the third quarter, now holding 53.28 million shares, which is 2.78% of the circulating shares [2] - The Guotai Zhongzheng Coal ETF has a current scale of 11.413 billion CNY, with a year-to-date return of 7.72% and a one-year return of 4.67% [2] - The fund manager, Wu Zhonghao, has been in position for nearly 3 years and has achieved a best fund return of 78.61% during his tenure [3]

Core Viewpoint - Baotailong is a leading enterprise in China, integrating coal, chemicals, new energy, and new materials, with a comprehensive industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Baotailong reported revenue of 479 million yuan, ranking 6th in the industry, with the top competitor, Meijin Energy, at 12.975 billion yuan [2] - The company achieved a net profit of 14.5 million yuan, ranking 1st in the industry, while the industry average was a loss of 307 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Baotailong's debt-to-asset ratio was 47.03%, lower than the industry average of 52.57%, indicating good solvency [3] - The gross profit margin for Q3 2025 was 8.06%, significantly higher than the industry average of -0.09%, showing improved profitability [3] Group 3: Executive Compensation - The chairman, Jiao Qiang, received a salary of 467,400 yuan in 2024, a decrease of 226,900 yuan from 2023 [4] - The president, Qin Huai, earned 470,500 yuan in 2024, down by 227,700 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 10.86% to 83,100 [5] - The average number of circulating A-shares held per shareholder increased by 12.18% to 23,100 [5]

Core Viewpoint - Chuaning Bio announced an increase in corn procurement prices compared to last year, with expectations for prices to range between 1.9 yuan/kg and 2.0 yuan/kg (excluding tax) for this year [2] Group 1: Raw Material Costs - The price of corn, a primary raw material for the company, has increased compared to the previous year [2] - The expected procurement price for corn this year is between 1.9 yuan/kg and 2.0 yuan/kg (excluding tax) [2] Group 2: Energy Costs - The main energy cost for the company is from coal in the Ili region, which has seen a decrease in price compared to the full year of 2024 [2] - Future energy prices are expected to remain stable due to the influence of the National Development and Reform Commission and regional factors in Ili [2] - It is anticipated that energy prices will remain stable over the next two years [2]

Group 1 - The core point of the news is that Baotailong New Materials Co., Ltd. experienced a stock price increase of 5.6%, reaching 3.96 CNY per share, with a trading volume of 924 million CNY and a turnover rate of 12.57%, resulting in a total market capitalization of 7.586 billion CNY [1] - Baotailong was established on June 24, 2003, and listed on March 9, 2011. The company operates in various sectors including coal mining, washing and processing, coking, chemicals, power generation, heating, new energy, and new materials [1] - The main revenue composition of Baotailong includes raw coal (28.60%), washed coal (22.92%), slack coal (22.61%), heating and electricity (21.68%), new materials (1.70%), and other products [1] Group 2 - Among Baotailong's top ten circulating shareholders, Guotai Fund's Guotai Zhongzheng Coal ETF (515220) increased its holdings by 32.45 million shares in the third quarter, now holding 53.28 million shares, which accounts for 2.78% of the circulating shares [2] - The Guotai Zhongzheng Coal ETF (515220) was established on January 20, 2020, with a current scale of 4.217 billion CNY. It has achieved a year-to-date return of 5.85% and a one-year return of 3.19% [2]

股票代码：601011 股票简称：宝泰隆 编号：临2025-054号 宝泰隆新材料股份有限公司 2025 年 1-9 月主要经营数据的公告 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。 宝泰隆新材料股份有限公司（以下简称"公司"）根据上海证券交 易所《<上市公司自律监管指引第 3 号——行业信息披露>第十三号— —化工》的相关规定，现将公司 2025 年 1-9 月主要经营数据披露如 下： 1 分行业 主要 产品 经营指标 单 位 经营数据 （2025 年 1-9 月） 经营数据 （2024 年 1-9 月） 比上年同期 增减（%） 煤焦行业 焦炭 （ 含 焦 粉 、 焦 粒） 营业收入 元 1,371,431.88 804,387,908.91 -99.83 营业成本 元 1,421,691.86 979,172,846.51 -99.85 生产量 吨 0.00 453,093.00 -100.00 销售量 吨 1,286.81 457,171.37 -99.72 库存量 吨 3,006.51 10,528.89 -71 ...