10月13日，沪深两市成交额2.35万亿，较上一个交易日缩量1609亿。盘面上，稀土永磁、贵金属、光刻机、半导 体、小金属、军工装备等板块涨幅居前，汽车零部件、游戏、消费电子、文化传媒、减肥药等板块跌幅居前。 高位股方面，蓝丰生化10天8板、可控核聚变概念股合锻智能10天6板、六氟磷酸锂概念股天际股份6天5板、石大 胜华5天3板、深振业A4天3板、安泰科技3连板、新莱应材20CM2连板。 下面我们来看下今日龙虎榜情况： 龙虎榜单日净卖出额前三为赣锋锂业、白银有色、冠中生态，分别为1.65亿元、1.53亿元、8890.80万元。 龙虎榜中涉及机构专用席位的个股中，当日净买入额前三为多氟多、王子新材、北方长龙，分别为1.77亿元、 1.39亿元、1.13亿元。 龙虎榜中涉及机构专用席位的个股中，当日净卖出额前三为赣锋锂业、天际股份、中国稀土，分别为1.53亿元、 1.49亿元、7728.97万元。 部分榜单个股题材： 中国稀土(稀土永磁 + 出口管制 + 中报扭亏 + 央企) 今日涨停，全天换手率11.02%，成交额68.13亿元。机构净卖出7728.97万元，深股通净卖出3589.86万元，营业部 席位合计净买 ...

Core Viewpoint - The company, Binhu Chemical (601678.SH), is making significant strategic moves to transform its business model, including a substantial investment in a source-network-load-storage integration project and initiating the process for a Hong Kong IPO, marking a new phase in its development as an "A+H dual capital platform" [1][5]. Group 1: Strategic Initiatives - The company is investing 1.421 billion yuan in a source-network-load-storage integration project, which has been unanimously approved by the board [1]. - The project includes 160MW of wind power, 100MW of solar power, and a 130MW/260MWh energy storage system, expected to generate 424 million kWh of green electricity annually [2]. - The project is projected to contribute an average annual net profit of 50.35 million yuan, with an internal rate of return of 17.31%, significantly reducing production electricity costs and generating additional revenue from surplus electricity [2]. Group 2: Environmental Impact - The project will save 165,000 tons of standard coal and reduce carbon dioxide emissions by 450,000 tons annually, showcasing its environmental benefits [2]. - The integration of renewable energy is expected to account for 63% of the total electricity consumption of two subsidiaries, enhancing the company's sustainability profile [2]. Group 3: Long-term Vision - The company is leveraging the source-network-load-storage project to stabilize production costs and enhance its competitive edge in the market, supported by the "Beikun Plan" for long-term development [3]. - The plan includes the establishment of six industrial clusters centered around high-end chlor-alkali materials and deep processing of light hydrocarbons, aiming to create a zero-carbon industrial ecosystem [3]. Group 4: Capital Market Strategy - The initiation of the Hong Kong IPO is a strategic decision to utilize international financing for green transformation and long-term strategies, reflecting the company's commitment to "energy transformation + capital empowerment" [4]. - The company plans to issue H-shares representing 15% of the total share capital post-issue, with funds directed towards green low-carbon upgrades, capacity enhancement, and R&D [4]. - The move is expected to optimize the company's capital structure and provide stable funding for long-term strategies, aligning with global trends towards green and low-carbon development [4].

Group 1 - The capital market serves as a barometer for the national economy, reflecting the vitality of the real economy and the trends in industrial structure adjustment [1] - During the "14th Five-Year Plan" period, the capital market in Henan has played a significant role in economic development, with an increase in the number of listed companies and the emergence of leading enterprises like Muyuan Foods and Shuanghui Development [2][3] - Henan's capital market is transitioning from "quantitative accumulation" to "qualitative improvement," injecting financial momentum into key industries such as grain production and advanced manufacturing [2] Group 2 - The number of A-share listed companies in Henan increased from 87 at the end of 2020 to 112, with 13 companies listed on the Beijing Stock Exchange, leading among the six central provinces [3] - Since 2021, Henan enterprises have consistently raised over 100 billion yuan in bond financing annually, with the total bond issuance reaching 495.8 billion yuan, doubling since 2021 [5] - The average cost of bond issuance has decreased to 2.66%, down 212 basis points from its peak [5] Group 3 - Leading companies like Muyuan Foods have achieved significant growth, with revenue increasing from 56.3 billion yuan in 2020 to 137.9 billion yuan in 2024 [5][6] - Muyuan Foods has invested heavily in R&D for smart farming and disease prevention, supported by capital market financing [6] - The company has filed 2,276 patents, with 138 new patents granted in 2024 alone [6] Group 4 - By August 2025, the number of A-share listed companies in Henan with a market capitalization exceeding 10 billion yuan reached 35, doubling from the previous year [8] - Nearly 80% of listed companies in Henan reported profits, with total revenue and net profit reaching record highs, and 13 companies exceeding 10 billion yuan in revenue [8][9] - R&D investment among listed companies in Henan increased, with an overall R&D intensity of 5.57% in 2024, up 2.5 percentage points year-on-year [9] Group 5 - The Zhengzhou Commodity Exchange has listed 27 futures and 20 options products, capturing 35.03% of the national futures market volume [11] - The exchange has attracted 2.2 trillion yuan in settlement funds and has introduced foreign investors to several products [11] - The use of futures for risk management has been demonstrated by local companies successfully hedging against price fluctuations [12] Group 6 - Henan has actively explored the issuance of Real Estate Investment Trusts (REITs) to support the development of the real economy, with successful issuances covering various sectors [13] - The province has implemented policies to support mergers and acquisitions among listed companies, aiming to enhance traditional industries and foster emerging sectors [14] - The government plans to deepen cooperation with major stock exchanges to facilitate more companies in raising funds through listings [14][15]

河南郑州郑东新区CBD郑州国际会展中心千玺广场"大玉米"。 图虫创意/供图 证券时报记者 赵黎昀 资本市场作为国民经济的晴雨表，既是观察实体经济运行活力和产业结构调整动向的重要窗口，也是通 过资源配置为行业企业提质升级赋能的源头活水。站在"十四五"末尾，回望过去五年中部大省河南的经 济发展脉络，资本市场的"助推器"作用愈发凸显。 "十四五"期间，从区域内上市公司数量稳步攀升，到牧原股份、双汇发展等龙头企业依托资本市场巩固 行业地位，再到仕佳光子、新强联等科技型企业借助上市融资突破技术瓶颈，河南资本市场正从"量的 积累"向"质的提升"跨越，不仅为粮食生产核心区、先进制造业强省建设注入了金融动能，更让"豫企军 团"在全国资本市场的版图中占据一席之地。 面向"十五五"，以"智能化、绿色化、高端化"为方向，河南"7+28+N"产业链集群将迎来更大发展空 间。围绕"两高四着力"精神内核，河南也将着力服务科技创新和产业创新融合，提升上市公司质量和产 业投融资，助力全省经济高质量发展。 资本赋能： 产业智能化加速升级 作为资本市场资源配置的基础性功能，场内资金活水正源源不断注入实体企业，助力豫企完成技术升 级，推动战略产业 ...

Group 1: Industrial Transformation - Jiaozuo is undergoing an unprecedented industrial transformation, evolving from a traditional coal-based industrial city to a modern, diversified economy [1] - The new materials industry is leading this transformation, with companies like Duofu Duo breaking the technological monopoly in lithium battery materials and transitioning from traditional fluorochemical to new energy materials [2] - Key enterprises such as Longbai Group and Tianbao Huanxiang are promoting lithium-ion battery materials and superhard materials, contributing to the establishment of strategic emerging industry clusters in Henan Province [2] Group 2: Green Food Industry - The green food industry is another highlight for Jiaozuo, with Daka International supporting brands like "Mixue Ice City" and "Lucky Coffee," which have over 53,000 franchise stores globally [3] - The city leverages its agricultural resources to create a comprehensive food industry chain, featuring companies like Mengniu Dairy and Lida Old Soup [3] Group 3: High-end Equipment and Automotive Parts - Jiaozuo has a strong presence in high-end equipment and automotive parts, with Fengshen Tire being the largest engineering tire manufacturer in China, exporting to over 140 countries [5] - The city has been recognized as a national base for automotive parts and new industrialization, showcasing "Jiaozuo Intelligent Manufacturing" on both national and global stages [5] Group 4: Economic Growth and Innovation - Jiaozuo's economic growth is closely tied to its industrial strength, with a focus on the "two highs and four efforts" requirements and a structured goal system [6] - The city has created 26 provincial-level quality benchmark enterprises and 27 national-level specialized "little giant" enterprises, enhancing the vitality of traditional industries [6] - High-tech and strategic emerging industries have seen significant growth, with high-tech industry value increasing by 43.8% and strategic emerging industries by 15.2% in the first half of the year [6] Group 5: Service and Agricultural Development - The service sector is improving, with Jiaozuo ranking second in freight turnover and third in transportation freight volume in the province [7] - The agricultural sector is also thriving, with stable grain production exceeding 2 million tons and an average yield of over 500 kg, ranking first in the province [8] - The city's industrial structure has optimized from 7.4:42:50.6 in 2020 to 6.2:42.5:51.3 in 2024, reflecting successful transformation efforts [8]

Investment Rating - The report maintains an investment rating of "B" for the new materials sector, indicating a positive outlook compared to the market [1]. Core Insights - The new materials sector has shown strong performance, with the new materials index rising by 2.50%, outperforming the ChiNext index by 0.39%. Key sub-sectors such as semiconductor materials and battery chemicals have seen significant increases, with battery chemicals up by 13.68% [3][19]. - The report highlights opportunities in upstream new materials for the automotive industry, driven by government policies aimed at stabilizing growth in the sector. The target for total vehicle sales in 2025 is approximately 32.3 million units, with a projected 20% increase in new energy vehicle sales [6]. Market Performance - The new materials sector has outperformed the broader market, with significant gains in various sub-sectors over the past week. The synthetic biology index increased by 2.88%, semiconductor materials by 9.04%, and electronic chemicals by 6.88% [3][19]. - The report notes that 60.67% of stocks in the new materials sector achieved positive returns, with notable performers including Xiamen Tungsten (up 26.79%) and Hengshen Co. (up 20.33%) [24]. Price Tracking - The report provides weekly price updates for key materials. For instance, the price of valine is 12,600 CNY/ton, down 1.18%, while the price of lysine (98.5%) is 6,950 CNY/ton, up 2.21% [29]. - In the biodegradable plastics segment, the price of PLA (injection grade) remains stable at 17,800 CNY/ton, while PBS is also stable at 17,800 CNY/ton [33]. Investment Recommendations - The report suggests focusing on companies such as Times New Material and Jun Ding Da, which are positioned to benefit from the growth in the automotive sector and new materials [6].

李世江在表态发言中表示，当前国际科技竞争日趋激烈，知识产权已成为打破技术霸权、保障国家科技 自立自强的"核心武器"。对焦作市而言，加强知识产权保护是吸引创新资源、提升产业竞争力、实现高 质量转型的关键一招；对企业来说，知识产权保护更是生存发展的生命线。多氟多正是凭借自主研发的 1000余项专利、严密的知识产权保护体系成功打破六氟磷酸锂、电子级氢氟酸等产品的国外垄断，实现 从"跟跑"到"领跑"的跨越。 中化新网讯 9月10日，焦作市知识产权保护商会换届暨第二届会员大会召开。此次大会选举产生了新一 届理事会和班子成员，多氟多新材料股份有限公司董事长李世江凭借在知识产权领域的深厚积淀与行业 影响力连任会长。 围绕商会的未来发展，李世江提出"三个聚焦"的工作方向：一是聚焦"护创新"，组建专业服务团队，为 会员企业提供专利申请、维权援助、侵权应对等全链条服务，守护企业创新成果不被侵犯；二是聚 焦"连政企"，建立定期沟通机制，一方面向企业精准传递政府知识产权扶持政策，另一方面向政府反馈 企业发展诉求，打通政策落地"最后一公里"；三是聚焦"强产业"，搭建行业交流平台，组织开展知识产 权沙龙、技术对接会等活动，推动企业间专利 ...

Summary of the Conference Call for Multi-Fluoro Co., Ltd. Company Overview - **Company**: Multi-Fluoro Co., Ltd. - **Industry**: New Energy Materials, Lithium Battery, Electronic Information Materials Key Points and Arguments Financial Performance - In the first half of 2025, Multi-Fluoro reported a revenue of 4.328 billion yuan, a decrease of 6.65% year-on-year [4] - Net profit attributable to shareholders was 51.33 million yuan, down 16.55% year-on-year [4] - Revenue breakdown: - Inorganic New Materials: 1.315 billion yuan (30.35%) - Electronic Information Materials: 240 million yuan (5.5%) - New Energy Materials: 1.514 billion yuan (34.97%) - New Energy Batteries: 1.095 billion yuan (35.3%) [4] Sales and Production - New energy materials and batteries saw significant sales growth: - New energy materials sales increased by 31.4% - New energy batteries sales surged by 136% [2] - Lithium battery shipments reached 3GWh in the first half, with expectations of over 50% growth in the second half, totaling 8.5GWh for the year [10] - The company plans to maintain a production capacity of 5.5 million tons of lithium hexafluorophosphate in 2025, with no new capacity plans unless market conditions improve [5][6] Market Dynamics - The electronic information materials segment faced a 45% decline in sales due to the downturn in the photovoltaic industry [2][4] - The company is shifting focus towards semiconductor and chip clients, despite longer certification cycles [3][24] - The small power battery market is expected to grow significantly, with strong demand for two-wheeled vehicles and energy storage [14] Pricing and Cost Management - The rise in lithium carbonate prices has alleviated cost pressures, with expectations for improved profitability in Q4 2025 [12] - The company does not have plans for proactive price increases but will adjust prices in line with lithium carbonate fluctuations [12] - Aiming for a gross margin target of 10-15%, with challenges to exceed 20% [13] Strategic Initiatives - Multi-Fluoro is exploring the Southeast Asian market for small power batteries, where demand is high and supply is currently insufficient [2][14] - The company has a planned 20,000-ton expansion project that can be initiated quickly if market demand increases [7] - The company is also involved in solid-state battery development, focusing on material compatibility and cost reduction [20][21] Challenges and Future Outlook - The electronic information materials segment is expected to continue facing challenges due to the photovoltaic sector's struggles [23] - The company anticipates that the overall market conditions will improve, allowing for potential capacity expansion in 2026 if demand rises [6][25] - The company is cautious about the construction of new facilities in South Korea due to regulatory and market uncertainties [11] Conclusion - Multi-Fluoro Co., Ltd. is navigating a complex market landscape with a focus on expanding its new energy materials and battery segments while managing cost pressures and shifting strategic priorities towards semiconductor applications. The company remains optimistic about future growth opportunities, particularly in the small power battery market and potential recovery in the lithium market.

(经济观察网杜远/文) 在业绩方面，受六氟磷酸锂价格大幅下跌等市场因素影响，福建德尔近年来业绩大幅波动。2022年至 2024年，公司营业收入分别为169,846.19万元、141,792.63万元和168,705.05万元，扣除非经常性损益后 归属于母公司所有者的净利润分别为18,441.46万元、3,573.55万元和8,618.00万元。 根据2025年2月披露的上交所问询与回复文件，福建德尔表示当前存在先进制程业务收入占比仍较低的 风险。据披露，2021年—2023年，以及2024年1—6月，公司氟化工基础材料业务收入占公司主营业务收 入的比例分别为32.81%、34.02%、39.33%和50.33%，新能源电池材料业务收入占公司主营业务收入的 比例分别为38.11%、39.73%、17.01%和4.28%。 福建德尔表示，上述报告期内，上述两项业务收入合计占公司业务收入比重均超过50%。尽管公司致力 于推动产品结构升级，持续加强高技术、高附加值的电子特气与超净高纯湿电子化学品等新材料产品研 发投入，但报告期内氟化工基础材料业务与新能源电池材料业务收入比重较高，且短期内收入结构可能 较难有大幅调整。 ...

Group 1: Industrial Development in Zunyi - Zunyi is focusing on industrial growth as a fundamental aspect of its economic development, with a 4.2% increase in industrial added value in the first half of the year [1] - The city is implementing policies to support the high-quality development of the liquor industry while also promoting the growth of non-liquor sectors such as non-ferrous metals, fluorine-barium chemicals, new energy, equipment manufacturing, and green food [1] - The establishment of the China-Europe Fluorine Electronic Materials Co., which has begun trial production, marks progress in the fluorine-barium chemical industry, producing high-value fluorine fine chemical products [1] Group 2: Specific Industry Developments - The Guizhou Tianqing New Materials Technology Co. is being developed in the fluorine-barium new materials park, with planned production capacities of 80,000 tons/year for aluminum fluoride and 60,000 tons/year for anhydrous hydrogen fluoride [2] - Zunyi is increasing bauxite mining efforts and aims for a non-ferrous metal industry output value of 19 billion yuan in the first three quarters [2] - The city is advancing the equipment manufacturing sector by promoting 22 standard products from key enterprises to enter the China Commercial Aircraft Corporation's qualified product catalog [2] Group 3: New Energy and Green Food Industries - Zunyi is actively exploring shale gas and coalbed methane, targeting a coal output of 5.6 million tons and shale gas production of 270 million cubic meters in the first three quarters, with a new energy industry output value of 24.5 billion yuan [2] - The city is also promoting deep processing of specialty agricultural products like chili and tea, aiming for a green food industry output value of 13 billion yuan in the first three quarters [3]