11月22日（周六），印尼镍业论坛（FINI）主席Arif Perdanakusumah发表声明称，若镍矿供应持续紧 张，印尼多家镍冶炼厂可能停产。 Arif指出，印尼目前占据全球镍市场60%以上份额，已成为不锈钢和电池材料行业的重要参与者。但他 补充道，随着冶炼厂对镍矿需求激增，政府将采矿生产配额（即RKAB）有效期从三年缩短至一年，进 一步收紧了国内供应。 "随着数百家冶炼厂持续扩张，矿业配额需求激增，而采矿作业规划周期却在缩短，"Arif指出，"由此导 致矿产供应与工业需求的失衡日益加剧。"为缓解镍矿供应紧张局面，Arif敦促印尼政府优先审批冶炼 厂关联矿山的RKAB申请。Arif强调，政府还需加强勘探力度，提升采矿技术能力和合规水平。 "若缺乏坚实的上游规划，进口镍矿的荒谬局面将持续困扰印尼的宏伟蓝图，"Arif警示道，"下游加工是 历史性机遇，但印尼必须确保一件事：在这个镍资源丰富的国度，本土工业的原材料绝不能短缺。" Arif指出，尽管印尼拥有全球约45%的镍储量，但由于国内镍矿供应未能跟上冶炼厂快速扩张的步伐， 镍加工企业已大幅增加从菲律宾采购镍矿的规模。据FINI数据显示，2024年印尼从菲律 ...

证券日报网讯瑞泰新材（301238）11月24日在互动平台回答投资者提问时表示，储能电池一直是公司电 池材料的重要下游产品之一。公司将积极开拓和服务全球优质客户，对接客户需求，不断优化客户结 构，增强企业发展后劲。 ...

证券日报网讯瑞泰新材（301238）11月20日在互动平台回答投资者提问时表示，近期锂离子电池需求旺 盛，部分原材料价格上涨，公司电池材料价格正逐步抬升。 ...

格隆汇11月20日丨瑞泰新材(301238.SZ)在投资者互动平台表示，近期锂离子电池需求旺盛，部分原材 料价格上涨，公司电池材料价格正逐步抬升。 （原标题：瑞泰新材(301238.SZ)：公司电池材料价格正逐步抬升） ...

南华期货碳酸锂企业风险管理日报 2025年11月18日 夏莹莹 投资咨询证书：Z0016569 研究助理：余维函 期货从业证号：F03144703 联系邮箱：yuwh@nawaa.com 投资咨询业务资格：证监许可【2011】1290号 source： 南华研究,同花顺 锂电企业风险管理策略建议 | 行为导向 | | 情景分析 | 策略推荐 | 套保工具 | 操作建议 | 推荐套保比例 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 远月期货合约 | 买入 | 10% | | | 产成品价格无相 | 未来有生产电池材料的计划，担 | 为防止成本上涨，企业根据生产 | LC2601-P-80000 | 卖出 | 10% | | | 关性 | 心未来采购碳酸锂时价格上涨导 致采购成本上涨的风险 | 计划需买入对应生产计划的期货 合约锁定采购成本 | | | | | 采购管理 | | | | 期权组合策略 | 卖出看跌期权+买入看 | 20% | | | | | | | 涨期权 | | | | | 产品价格有相关性：未来有生产 | 为防止采到碳酸锂后库 ...

证券日报网讯泰和科技（300801）11月14日发布公告，在公司回答调研者提问时表示，公司未来的盈利 增长点主要是水处理药剂、电子化学品(包括各种高纯物、螯合剂、分散剂等)、电池材料(包括钠电的正 负极、固态电解质的原料硫化锂以及硫化物固态电解质等)、新材料、合成生物等。 ...

2025 年 11 月 4 日投资者关系活动记录表 证券代码：300801 证券简称：泰和科技 山东泰和科技股份有限公司 | 3、研发团队的来源和构成？ | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回复：泰和科技研发团队由专家组带队，成员基本为公司从院 | | | | | | | | 校招聘、自主培养形成的专业人才，学历基本都是研究生。 | | | | | | | | 4、公司未来的盈利增长点有哪些？ | | | | | | | | 回复：主要是水处理药剂、电子化学品（包括各种高纯物、螯 | | | | | | | | 合剂、分散剂等）、电池材料（包括钠电的正负极、固态电解质的 | | | | | | | | 原料硫化锂以及硫化物固态电解质等）、新材料、合成生物等。 | | | | | | | | 附件清单 | 无 | | | | | | | （如有） | | | | | | | | 日期 | 年 | 月 | 日 | 2025 | 11 | 4 | 2 编号：2025-005 | 投资者关 | 特定对象调研 分析师会议 | | - ...

电池产业链持续走强，上游材料方向领涨，永太科技涨停，天际股份冲击涨停，新宙邦、石大胜华、多 氟多纷纷拉升。 ...

Group 1 - The article emphasizes a list of investment opportunities focusing on medium to long-term safety margins, categorized by "earnings certainty + reasonable valuation" [1] Group 2 - Priority One (Strong earnings delivery, no valuation pressure): - Phosphate and battery materials leaders: Chengxing Co. and Fengyuan Co., driven by product price increases and stable downstream battery demand, with third-quarter earnings support and mid-industry valuation, presenting buying opportunities on pullbacks [3] - Organic silicon leader: Hesheng Silicon Industry, benefiting from improved industry supply-demand dynamics, product price recovery, and strong bargaining power, offering high cost-performance for medium to long-term investment [3] - Photovoltaic equipment leader: Hongyuan Green Energy, with continuous growth in photovoltaic installations, capacity release, and lower valuation compared to peers, ensuring earnings certainty [3] Group 3 - Priority Two (Policy/recovery catalysts, valuation recovery potential): - Energy metals leader: Tianqi Lithium, with lithium prices rebounding from lows and global energy transition needs, currently at historical low valuations, suitable for gradual bottom-building [3] - Port and shipping leader: Shanghai Port Group, benefiting from global economic recovery expectations, steady cargo volume increase, and high dividend yield, combining defensive and offensive attributes [3] - Hainan Free Trade Zone leader: Hainan Mining, with ongoing benefits from free trade port policies, alignment with local industrial planning, and reasonable valuation, supported by clear long-term catalysts [3]

Core Viewpoint - The company reported strong financial performance for the first three quarters of 2025, with significant year-on-year growth in both revenue and net profit, indicating robust operational efficiency and market demand [1]. Financial Performance - For the first three quarters of 2025, the company achieved revenue of 8.072 billion yuan, a year-on-year increase of 12.87% [1]. - The net profit attributable to shareholders reached 760 million yuan, reflecting a year-on-year growth of 30.81% [1]. - In Q3 2025, revenue was 2.722 billion yuan, up 7.75% year-on-year but down 5.89% quarter-on-quarter [1]. - The net profit for Q3 was 259 million yuan, showing a year-on-year increase of 3.73% but a quarter-on-quarter decrease of 12.10% [1]. Product Sales and Market Expansion - Sales of synthetic resin showed steady growth, with a total volume of 588,700 tons in the first three quarters, up 13.90% year-on-year, and sales revenue of 4.096 billion yuan, an increase of 4.64% [2]. - The company is expanding its product range, developing new applications in phenolic resin and casting materials, which enhances its market position and brand influence [2]. Capacity and Future Growth - The demand for advanced electronic materials and battery materials is expected to maintain high growth, with sales volume reaching 61,100 tons and revenue of 1.237 billion yuan, marking increases of 19.01% and 32.23% year-on-year, respectively [3]. - The company is enhancing its capacity with several expansion projects, including a 2,000 tons/year PPO/OPE resin project and a 25 billion yuan convertible bond issuance aimed at funding green energy battery material projects [3]. - The anticipated annual sales revenue from the battery material project is 3.610 billion yuan, with an average net profit of 757 million yuan [3]. Biomass Sector Development - Biomass product sales reached 171,800 tons in the first three quarters, a year-on-year increase of 30.17%, with sales revenue of 660 million yuan, up 25.22% [4]. - The Daqing production base's biomass refining project is operating steadily, with expansion projects for xylose and xylitol expected to enhance the company's competitiveness in the biomass sector [4]. Investment Outlook - Revenue projections for 2025 to 2027 are 11.786 billion yuan, 13.049 billion yuan, and 14.216 billion yuan, with year-on-year growth rates of 17.6%, 10.7%, and 8.9% respectively [5]. - Net profit forecasts for the same period are 1.181 billion yuan, 1.449 billion yuan, and 1.681 billion yuan, with corresponding growth rates of 36.1%, 22.7%, and 16.0% [5]. - The expected earnings per share (EPS) are 1.40 yuan, 1.71 yuan, and 1.99 yuan, with price-to-earnings (PE) ratios of 20.1, 16.4, and 14.1 [5].