1月2日，港交所信息披露，亿纬锂能 向港交所主板 递交了上市申请，中信证券为其独家保荐人。 亿纬锂能二次 向港交所 递交申请 与2025年6月递交资料不同的是， 亿纬锂能 募集资金用途发生了变化。 据此前6月信息显示， 亿纬锂能港股IPO拟募资 300亿港元 ，用于 匈牙利30GWh大圆柱电池项目、 马来西亚38GWh储能电池三期项目、 补 充营运资金及一般企业用途 ，以支持其全球化战略落地。 最新资料显示， 亿纬锂能拟将募资净额仅用于其匈牙利生产基地的持续建设，以及营运资金及一般企业用途，并不涉及 马来西亚38GWh储能 电池三期项目。 新能安"雪豹电池"已量产交付数十万套 新能安积极布局两轮车、高功率产品、储能系统等多个领域，与上游合作伙伴共同开发出更薄、性能更强的锂电池——新国标"雪豹电池"。 该电池实现了一次充电续航超百公里，适用温域宽广，支持-15℃低温充电，在-20℃环境下仍能保持95%以上的容量稳定输出，保障冬季出行 无忧。该电池还具备2.3C高倍率放电能力，瞬时峰值放电可达70A，为爬坡、起步提供强劲动力，同时循环寿命高达800次，兼顾动力性能与 长久使用。 截至目前， "雪豹电池" 已量产交 ...

今日早参 2026 年 1 月 07 日 易峘 首席宏观经济学家 邮箱：evayi@htsc.com 张继强 研究所所长、固收首席研究员 座机：13910012450 邮箱：zhangjiqiang@htsc.com 今日热点 宏观：12 月预览：顺差仍对 GDP 形成支撑 概览：我们预计 12 月内需偏弱但出口韧性犹存，四季度实际 GDP 同比小幅 回落至 4.5%左右，全年实际 GDP 增速录得 5%左右，而部分工业品价格企 稳回升推动名义 GDP 增速有望较三季度边际改善。外需方面，我们预计关 税扰动减轻叠加全球周期性改善，12 月出口同比有望继续回升。但内需层面 消费与投资修复动能预计仍然不足；信贷与社融或同比少增，高基数下 2025 年四季度广义财政支出收缩。向前看，需重点关注今年一季度财政扩张力度 及其对"十五五"实现开门红的支撑效果。 风险提示：地产周期下行拖累内需，关税影响超预期对全球贸易形成冲击。 研报发布日期：2026-01-06 研究员 易峘 SAC:S0570520100005 SFC:AMH263 吴宛忆 SAC:S0570524090005 SFC:BVN199 固定收益：元旦出行 ...

Group 1 - The core viewpoint of the article highlights the recent price increase of lithium iron phosphate (LFP) and the underlying uncertainties in the supply chain, particularly regarding the transmission of lithium carbonate prices to battery manufacturers [2][3] - Two LFP companies confirmed price hikes for downstream customers, with one company indicating an increase of approximately 1500 to 2000 yuan/ton for major clients, while most other customers accepted a processing fee increase of 1000 yuan/ton [2] - The article discusses the significant fluctuations in lithium carbonate futures, with the main contract closing at 137,940 yuan/ton on January 6, indicating a need for better alignment between upstream procurement and downstream pricing mechanisms [3][4] Group 2 - The term "point pricing" has become prevalent in negotiations, where a pricing window is established for both parties to agree on a specific point in time to set the price based on futures contracts [4][5] - Material companies are pushing for a higher proportion of customer-supplied lithium carbonate and shifting the pricing anchor from spot prices to futures-linked pricing to mitigate risks associated with price fluctuations [5] - Recent announcements from major companies indicate a simultaneous trend of production cuts and expansions, with several LFP manufacturers announcing reductions in production while also planning significant capacity expansions [9][10] Group 3 - Tianqi Lithium announced a reduction in its planned production of electrolyte and battery recycling projects due to changes in market conditions, adjusting its total investment to not exceed 600 million yuan [6][7] - The article notes that while short-term supply constraints and maintenance are occurring, there are also long-term capacity expansion plans in the pipeline, indicating a complex market dynamic [8] - The simultaneous occurrence of production cuts and expansion plans raises questions about whether price increases can translate into profit recovery, emphasizing the importance of navigating price risks and ensuring that processing fees are elevated before new capacities come online [11][12]

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：企业公告 天赐材料 1月5日公告， 公司计划于2026年3月1日起，对龙山北基地年产15万吨液体六氟磷酸锂产线进 行停产检修，预计检修时间为20天至30天。 同日，天赐材公告，公司拟对年产30万吨锂电池电解液改扩建和10万吨铁锂电池拆解回收项目的建设内 容及投资额进行变更， 建设规模由原30万吨电解液及10万吨电池拆解回收调整为25万吨电解液，变更后 总投资不超过6亿元。 针对此次停产检修，公司已做好相关报批手续及材料准备，预计不会对公司经营情况造成较大影响。 ## 1 Introduction The _classical_ quantum mechanics of a quantum system is a classical theory of quantum mechanics. It is a classical theory of quantum mechanics, which is a classical theory of quantum mechanics. 项目变更原因：自董事会审议通过 ...

值得注意的是，天赐材料5日晚公告称，为保障后续液体六氟磷酸锂生产装置正常运行和安全稳定生产，公司拟对龙山北基地年产15万吨液体 六氟磷酸锂产线进行停产检修，预计检修时间为20天至30天。公司已做好相关报批手续及材料准备，预计不会对公司经营情况造成较大影响。 截至6日10：30左右，天赐材料股价跌近2%，市值报958亿元。 百亿盈利的前提 记者丨董鹏 编辑丨巫燕玲 天赐材料的业绩兑现能力，为卖方提供了极强的增长信心。 元旦期间，该公司2026年的卖方盈利预期值获得大幅上调，从去年11月初的最高值51亿元左右普遍上调至80亿元左右，其中部分机构给出盈利 预期值更是超过100亿元。 近期披露的业绩预告显示，公 司预计2025年净利润为11亿元至16亿元，较上年同期增长127.31%至230.63%。 粗看之下，增幅不算过于夸张，但是如果从业绩预告中位数来看，公司2025年四季度净利润达到9.3亿元，同比、环比增幅均超过500%。 2025年，锂电材料整体"先跌后涨"，并于下半年完成筑底反弹。 其中，以六氟磷酸锂、碳酸亚乙烯酯（VC）为代表的电解液产业链产品，更是成为四季度表现最突出的原材料之一。 其中，六氟磷酸锂出 ...

③开年以来消费、家电、汽车、房地产等化工主要下游均有望迎来政策发力，行业需求有望受益于下游 改善，价格有望回暖。 化工ETF天弘(159133)跟踪细分化工指数，基础化工、石油石化、电力设备三大申万一级行业占比超 93%，农药、化肥、涂料、新能源材料、高性能塑料等化工全产业链布局，精选50只成份股，既包含万 华化学、盐湖股份、天赐材料等龙头公司，又涵盖细分领域优质中小企业，磷化工、氟化工、钾肥、新 能源材料等全覆盖，能更好地抓住化工行业整体的发展红利。 兴业证券指出，2026年化工行业将迎来周期复苏与产业升级的双重机遇。化工品底部区间运行已达三 年，随着"十五五"开局之年国内稳增长政策有望发力，美联储进入降息周期，叠加"反内卷"浪潮的助推 下，化工品传统需求有望温和复苏。 格隆汇1月6日｜今日化工板块延续近期涨势，碳酸锂价格继续上涨，带动化工ETF天弘(159133)跟踪的 标的指数上涨3.14%，自去年12月17日以来累计涨超17%，盘中交易价格再创上市以来新高。该ETF盘 中获资金净申购1450万份，连续4日净流入，合计"吸金"超6400万元。 ①继湖南裕能、万润新能、德方纳米等企业集体宣布1月停产检修后 ...

Group 1 - Lichong Group expects a net profit of 830 million to 870 million yuan for 2025, representing a year-on-year growth of 17.38% to 23.04% [1] - Shandong Zhanggu anticipates a net profit of 72 million to 80 million yuan for 2025, with a year-on-year increase of 0.65% to 11.83% [2] - Yinglian Co. forecasts a net profit of 32 million to 42 million yuan for 2025, marking a turnaround from a loss of 39.67 million yuan in the previous year [3] Group 2 - Hangya Technology announces plans for shareholders to reduce their holdings by up to 2.76% of the company's shares [4] - Guizhou Tire plans to invest in a project in Morocco to produce 6 million semi-steel radial tires annually, with a total investment of 299 million USD [5] - Laisentongling's shareholder plans to reduce their stake by no more than 1% [6] Group 3 - ST Yifei's shareholder intends to reduce their holdings by up to 1.53% [7] - Hengyi Petrochemical has fully launched the second phase of its Brunei refining project, aiming for a production capacity of 12 million tons per year [8] - Zai Sheng Technology's controlling shareholder has terminated an agreement to transfer part of the company's shares [9] Group 4 - Sry New Materials proposes a cash dividend of 0.4 yuan per 10 shares for the first three quarters of 2025 [10] - Quanyin High-Tech announces that the offer period for China Seed Group's acquisition has expired, leading to a temporary suspension of its stock [11] - Zhonggang Luonai's shareholder plans to reduce their stake by up to 1% [12] Group 5 - Nanmo Bio expects to receive a government subsidy of 5.8 million yuan for its subsidiary [13] - Beite Technology has received approval from the China Securities Regulatory Commission for a stock issuance to specific investors [14] - Qianyuan Pharmaceutical's subsidiary has obtained drug registration certificates for a new medication [15] Group 6 - Boto Integrated plans to reduce its holdings by no more than 1% [16] - Wanze Co. intends to reduce its stake by up to 1.66% [17] - Tianci Materials will halt production for maintenance on its lithium hexafluorophosphate production line starting March 1, 2026 [18] Group 7 - Haopeng Technology plans to raise up to 800 million yuan through a private placement [20] - Yisheng Co. reports a 43.32% year-on-year increase in sales revenue for its white feather broiler chicks in December 2025 [21] - Jinyu Medical proposes a cash dividend of 8.8 yuan per 10 shares for the first three quarters of 2025 [22] Group 8 - Caesar Travel's subsidiary has won a management service project for the Qingdao International Cruise Port [23] - Kelun Pharmaceutical plans to repurchase shares worth 50 million to 100 million yuan [24] - Jiangling Motors reports a 10.56% year-on-year increase in cumulative sales for 2025 [25] Group 9 - Yilian Technology plans to issue convertible bonds to raise up to 1.2 billion yuan [26] - Shaanxi Guotou A intends to participate in a capital increase for Chang'an Bank, with an amount not exceeding 800 million yuan [27] - Oupokang Vision has obtained a production license for eye drops [28] Group 10 - Shanghai Electric plans to provide management services for overseas assets of China Electric International [30] - Yingfang Micro is planning a major asset restructuring, leading to a temporary suspension of its stock [31] - Victory Energy's stock will resume trading after completing a verification process [32] Group 11 - China Merchants Industry has signed a shipbuilding agreement with Dalian Shipbuilding [33] - Kunyu Group has appointed a new chairman following a board meeting [34] - Microchip Bio's clinical trial application for a new diabetes treatment has been accepted [35] Group 12 - Hanshuo Technology has signed a sales intention agreement for smart shopping carts with Woolworths in Australia [36] - Zhongmin Energy's three photovoltaic power station projects have been included in the Fujian Province development list [37] - Penghui Energy plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange [38] Group 13 - Victory Energy reports that the acquirer has deposited a guarantee for the acquisition [39] - Fangsheng Pharmaceutical proposes a special dividend of 0.15 yuan per share for 2025 [40] - Nanning Department Store has received approximately 14.28 million yuan in government subsidies since January 2025 [41] Group 14 - Jushen Co. has signed a bauxite transfer agreement with a company in Guinea [42] - ST Huluwawa has received a drug registration certificate for a new inhalation solution [43] - Zhongzhi Co. will become the controlling shareholder following a share transfer agreement [44] Group 15 - Chuangli Group has signed a strategic cooperation framework agreement with Chuanjiu Construction [45]

2026年01月06日 国泰君安期货商品研究晨报-绿色金融与新能源 观点与策略 | 镍：现实压力背负与周期转变叙事博弈，宽幅震荡 | 2 | | --- | --- | | 不锈钢：现实基本面拖累，盘面博弈印尼政策为主 | 2 | | 碳酸锂：供给收缩担忧叠加需求向好预期，价格重心上移 | 4 | | 工业硅：基本面弱势格局 | 6 | | 多晶硅：高位震荡，关注消息面影响 | 6 | 国 泰 君 安 期 货 研 究 所 请务必阅读正文之后的免责条款部分 1 不锈钢：现实基本面拖累，盘面博弈印尼政策为主 张再宇 投资咨询从业资格号：Z0021479 zhangzaiyu@gtht.com 【基本面跟踪】 镍基本面数据 | | | 指标名称 | T | T-1 | T-5 | T-10 | T-22 | T-66 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 沪镍主力（收盘价） | 134,100 | 1,250 | 8,690 | 20,160 | 16,050 | 13,200 | | 期 | | 不锈钢主力（收盘价） | 1 ...

投资咨询业务资格：证监许可【2012】669号 中信期货研究（新能源⾦属每⽇报告） 2026-01-06 供应担忧继续，碳酸锂领涨新能源金属 新能源观点：供应担忧继续，碳酸锂领涨新能源⾦属 有⾊与新材料团队 研究员： 郑非凡 从业资格号F03088415 投资咨询号Z0016667 杨飞 从业资格号F03108013 投资咨询号Z0021455 交易逻辑：碳酸锂供需供需延续偏紧格局，江西某云母矿复产预期延 后且尼日利亚锂矿政策有望调整，委内瑞拉局势动荡，供应扰动担忧 持续；工业硅和多晶硅供需趋松，但多晶硅收储平台成立，供应端收 缩预期仍在。中短期来看，供应扰动担忧持续，新能源金属或维持震 荡偏强走势。长期来看，硅供应端收缩预期较强，尤其多晶硅，价格 重心可能抬升；锂矿产能还处于上升阶段，但需求预期也在不断拔 高，供需过剩量预期在收窄，碳酸锂长期供需走向需要重新审视，年 度供需拐点可能提前出现。 ⼯业硅观点：供需驱动弱，硅价随情绪波动。 多晶硅观点：强预期VS弱现实，多晶硅价格延续⾼波动。 碳酸锂观点：市场情绪偏强叠加供应担忧，锂价开年⼤涨。 ⻛险提⽰：供应扰动；国内政策刺激超预期；美联储鸽派不及预期； 国内需 ...

投资有风险，申购需谨慎。 （原标题：证监会召开重要座谈会；两只新股，今日申购……盘前重要消息一览） 1月6日（周二）申购提示 新股方面，至信股份申购代码732352，发行价21.88元/股，申购上限1.8万股。科马材料申购代码920086，发行价11.66元/股，申购上限94.14万 股。 重要的消息有哪些 6．近日，中共广东省委办公厅、广东省人民政府办公厅发布关于以高水平开放推动数字贸易和服务贸易高质量发展的实施意见，其中提出，提升 数字服务出口基地能级。支持广州、深圳创建国家服务贸易创新发展示范区、数字贸易示范区，在跨境服务贸易市场准入、完善跨境服务贸易全 链条监管、建立风险管理和监测预警机制等方面加大探索力度。支持广州天河中央商务区建设数据要素集聚发展区、广州开发区数字服务出口基 地建设数字贸易公共服务平台、广州琶洲人工智能与数字经济试验区开展人工智能大模型示范应用。建设东莞松山湖数字贸易港，发展信息技术 外包、知识流程外包，打造人工智能大模型中心、开发者村，推动数字运动健康产业创新应用。支持横琴加快建设数字贸易国际枢纽港，发展创 作者经济，探索建立数据元宇宙等产品确权出海平台。 这些公司新闻不能错过 ...