吉林化纤所属申万行业为：基础化工-化学纤维-粘胶。所属概念板块包括：风能、大飞机、中盘、碳纤 维、海上风电等。 截至9月30日，吉林化纤股东户数10.73万，较上期减少5.08%；人均流通股22910股，较上期增加 5.36%。2025年1月-9月，吉林化纤实现营业收入40.19亿元，同比增长43.62%；归母净利润3264.75万 元，同比减少47.41%。 12月29日，吉林化纤盘中涨停，截至09:35，报4.65元/股，成交3.72亿元，换手率3.29%，总市值114.34 亿元。 资金流向方面，主力资金净流入7099.44万元，特大单买入1.18亿元，占比31.68%，卖出3152.74万元， 占比8.49%；大单买入6874.93万元，占比18.50%，卖出8391.98万元，占比22.59%。 吉林化纤今年以来股价涨28.81%，近5个交易日涨14.25%，近20日涨18.62%，近60日涨7.64%。 今年以来吉林化纤已经2次登上龙虎榜，最近一次登上龙虎榜为5月19日，当日龙虎榜净买入1.36亿元； 买入总计2.78亿元 ，占总成交额比10.86%；卖出总计1.43亿元 ，占总成交额比5.57% ...

数据显示，中邮基金旗下1只基金重仓新乡化纤。中邮先进制造混合发起式A（024261）三季度持有股 数11万股，占基金净值比例为1.44%，位居第九大重仓股。根据测算，今日浮盈赚取约3.08万元。 中邮先进制造混合发起式A（024261）成立日期2025年7月29日，最新规模1587.36万。成立以来收益 0.29%。 中邮先进制造混合发起式A（024261）基金经理为金振振。 截至发稿，金振振累计任职时间3年126天，现任基金资产总规模19.04亿元，任职期间最佳基金回报 62.13%， 任职期间最差基金回报-7.36%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 12月24日，新乡化纤涨5.5%，截至发稿，报5.37元/股，成交2.96亿元，换手率3.37%，总市值91.31亿 元。 资料显示，新乡化纤股份有限公司位于河南省新乡市红旗区新长路与经八路交叉口新乡化纤股份有限公 司，成立日期1997年1月9日，上市日期1999年10月21日，公司主 ...

12月24日，吉林化纤盘中上涨2.24%，截至11:04，报4.11元/股，成交1.11亿元，换手率1.12%，总市值 101.06亿元。 资金流向方面，主力资金净流出540.75万元，特大单买入542.09万元，占比4.86%，卖出625.97万元，占 比5.62%；大单买入1937.12万元，占比17.38%，卖出2393.99万元，占比21.48%。 吉林化纤今年以来股价涨13.85%，近5个交易日涨2.75%，近20日涨5.38%，近60日跌8.46%。 资料显示，吉林化纤股份有限公司位于吉林省吉林市经开区昆仑街216号，成立日期1988年11月9日，上 市日期1996年8月2日，公司主营业务涉及粘胶纤维的生产和销售。主营业务收入构成为：粘胶长丝 56.30%，粘胶短纤24.55%，碳纤维产品16.83%，其他2.31%。 吉林化纤所属申万行业为：基础化工-化学纤维-粘胶。所属概念板块包括：风能、海上风电、国资改 革、融资融券、低价等。 截至9月30日，吉林化纤股东户数10.73万，较上期减少5.08%；人均流通股22910股，较上期增加 5.36%。2025年1月-9月，吉林化纤实现营业收入40.1 ...

Group 1 - Xinxiang Chemical Fiber Co., Ltd. experienced a decline of 5.15% on December 23, with a stock price of 5.16 yuan per share, a trading volume of 254 million yuan, a turnover rate of 2.83%, and a total market capitalization of 8.774 billion yuan [1] - The company, established on January 9, 1997, and listed on October 21, 1999, specializes in the production and sales of viscose filament, viscose staple fiber, and spandex. The revenue composition is as follows: spandex fiber 58.51%, biomass cellulose filament 38.34%, and others 3.15% [1] Group 2 - Zhongyou Fund has a significant holding in Xinxiang Chemical Fiber, with the Zhongyou Advanced Manufacturing Mixed Fund A (024261) holding 110,000 shares, accounting for 1.44% of the fund's net value, making it the ninth-largest holding. The estimated floating loss today is approximately 30,800 yuan [2] - The fund manager of Zhongyou Advanced Manufacturing Mixed Fund A is Jin Zhenzhen, who has been in the position for 3 years and 125 days. The total asset size of the fund is 1.904 billion yuan, with the best fund return during the tenure being 62.3% and the worst being -7.36% [3]

公司方面，据上证报表示，精工科技：主导产品主要为碳纤维成套生产线、废气处理系统、复材缠绕装 备、原丝和碳丝纺丝收丝机等，广泛应用于汽车交通、航空航天、风力发电、医疗器材以及建筑等领 域，碳纤维生产线国内市场占有率达50%以上。 *风险提示：股市有风险，入市需谨慎 据上证报报道，近日，全球碳纤维行业巨头日本东丽株式会社宣布，自2026年1月起，其王牌产品—— 碳纤维"东丽卡"及其中间加工品(如预浸料、织物、层压板)的全球售价将上调10%至20%。 吉林化纤：以粘胶纤维和碳纤维产品的生产、销售为主，包括粘胶长丝、粘胶短纤和碳纤维产品。 研究机构认为，目前碳纤维行业正处于周期底部复苏阶段，经过前期价格深度调整与产能出清，行业供 需格局逐步修复，价格已呈现筑底企稳迹象。随着"反内卷"政策推动行业供给收缩与集中度提升，行业 景气度有望持续改善。需求方面，呈现结构性回暖，风电领域增长强劲，航空航天持续复苏，低空经济 (如eVTOL、无人机)成为新的增长点。 *免责声明：文章内容仅供参考，不构成投资建议 ...

Summary of Conference Call Notes Industry Overview - The viscose filament market is currently balanced in supply and demand, with stable prices benefiting from increased demand driven by the new national style. It is expected that there will be an annual demand increase of 10,000 to 20,000 tons over the next 3-5 years, allowing the industry to maintain high operational levels [2][3] - The spandex industry is nearing the end of market clearing, with a year-on-year sales growth of 17.8% in the first three quarters of 2025. Prices are stable, and gross margins are at breakeven [2][4] Key Points on Spandex Industry - New spandex capacity additions are close to completion, with very few new capacities expected in 2026 and almost none in 2027. The industry is cautious about new supply [2][6] - Current spandex prices are around 23,000 RMB per ton, down from 24,000-25,000 RMB earlier in the year. Some companies are facing significant operational pressures, such as Xiaoxin Chemical, which has a high debt ratio of 175% [2][7] - The average industry operating rate is between 70% and 80%, with a clear differentiation between leading and trailing companies. Leading companies maintain high operating rates, while trailing companies face greater operational pressures [2][9][10] - The growth in spandex demand is primarily driven by increased penetration in the textile industry, which currently stands at only 1.7%. There is significant room for growth, with a long-term expectation of 8% annual demand growth [2][12] Company Performance - The company reported an 18% year-on-year sales growth, outperforming third-party statistics, as customers prefer products from leading companies. However, gross margins are nearly flat, and net profit may incur a loss of around 500 RMB [2][13][15] - The company is currently operating at full capacity, similar to Huafeng, and is responding to market demand with stable pricing strategies. However, rising costs due to the withdrawal of government subsidies for utilities are a concern [2][11] Future Plans and Projects - The company is in the early stages of the mushroom grass pulp project, with an expected increase in planting area by 20,000 to 30,000 mu annually over the next 3-5 years, which will help reduce raw material costs [2][5][21] - The company has paused a 30,000-ton capacity expansion due to strict air quality controls but plans to build new capacity in Xinjiang as a contingency [2][16] - The company’s inventory level is approximately 25 days, which is lower than the industry average of 35 days, indicating strong global demand growth [2][23] - The strategic focus for 2026 will be on mushroom grass planting, with cautious expansion in spandex production contingent on clear market signals [2][24] Additional Insights - The viscose filament market is expected to remain stable in terms of price and volume in 2026, with no significant fluctuations anticipated [2][17] - The impact of US-China trade relations on viscose filament exports is limited, as the market has already begun replenishing stock since 2024 [2][18][19] - The company is collaborating with brands like Jie Rou, Hong Dou, and Qi Pi Lang for the mushroom grass project, although expansion is currently limited by agricultural planting area [2][20][22]

Core Viewpoint - Jilin Chemical Fiber's stock price has shown fluctuations, with a recent decline of 2.10% and a year-to-date increase of 16.34%, indicating mixed investor sentiment and market performance [1][2]. Company Performance - Jilin Chemical Fiber reported a revenue of 4.019 billion yuan for the first nine months of 2025, reflecting a year-on-year growth of 43.62%. However, the net profit attributable to shareholders decreased by 47.41% to 32.6475 million yuan [2]. - The company has a diverse revenue structure, with viscose filament contributing 56.30%, viscose staple fiber 24.55%, carbon fiber products 16.83%, and other products 2.31% to its total revenue [1]. Stock Market Activity - As of November 14, Jilin Chemical Fiber's stock was trading at 4.20 yuan per share, with a total market capitalization of 10.327 billion yuan. The stock has experienced a trading volume of 1.05 billion yuan and a turnover rate of 1.02% [1]. - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on May 19, where it recorded a net purchase of 136 million yuan [1]. Shareholder Information - As of September 30, the number of shareholders decreased by 5.08% to 107,300, while the average circulating shares per person increased by 5.36% to 22,910 shares [2]. - The top ten circulating shareholders include significant entities such as the Southern CSI 1000 ETF and Hong Kong Central Clearing Limited, with both reducing their holdings [3].

Core Viewpoint - Xinxiang Chemical Fiber's stock price has shown significant volatility, with a year-to-date increase of 30.67% and a recent decline of 2.06% on November 12, 2023, indicating potential market fluctuations and investor sentiment [1][2]. Company Performance - Xinxiang Chemical Fiber reported a revenue of 5.74 billion yuan for the first nine months of 2025, reflecting a year-on-year growth of 3.28%. However, the net profit attributable to shareholders decreased by 33.15% to 133 million yuan [2]. - The company's main business segments include spandex fibers (58.51% of revenue) and biomass cellulose filament (38.34%), with other products contributing 3.15% [2]. Stock Market Activity - As of November 12, 2023, Xinxiang Chemical Fiber's stock was trading at 5.24 yuan per share, with a market capitalization of 8.91 billion yuan. The trading volume was 1.03 billion yuan, with a turnover rate of 1.13% [1]. - The stock has experienced a recent increase of 11.02% over the last five trading days, 23.00% over the last 20 days, and 31.00% over the last 60 days [2]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 13.99% to 64,000, while the average circulating shares per person increased by 16.26% to 26,580 shares [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 17.89 million shares, an increase of 9.84 million shares from the previous period [3].

Core Viewpoint - Jilin Chemical Fiber is a significant player in the viscose filament production industry, with strong revenue and profit performance, but faces challenges in debt levels and profitability compared to industry averages [1][2][3]. Group 1: Company Overview - Jilin Chemical Fiber was established on November 9, 1988, and listed on the Shenzhen Stock Exchange on August 2, 1996. The company is headquartered in Jilin City, Jilin Province [1]. - The company specializes in the production and sales of viscose fibers and is recognized as one of the world's major viscose filament manufacturers [1]. Group 2: Financial Performance - For Q3 2025, Jilin Chemical Fiber reported revenue of 4.019 billion yuan, ranking second in the industry, surpassing the industry average of 2.688 billion yuan [2]. - The main business segments include viscose filament (1.484 billion yuan, 56.30%), viscose staple fiber (647 million yuan, 24.55%), and carbon fiber products (443 million yuan, 16.83%) [2]. - The net profit for the same period was 30.1859 million yuan, ranking third in the industry, below the industry average of 46.9398 million yuan [2]. Group 3: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 64.07%, higher than the previous year's 59.12% and above the industry average of 57.43% [3]. - The gross profit margin was 10.94%, lower than the previous year's 16.05% but higher than the industry average of 4.31% [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 5.08% to 107,300, while the average number of shares held per shareholder increased by 5.36% to 22,900 [5]. - The top ten circulating shareholders include Southern CSI 1000 ETF and Hong Kong Central Clearing Limited, with notable decreases in their holdings [5]. Group 5: Future Outlook - Forecasts for net profit from 2025 to 2027 are 560 million, 1.1 billion, and 1.88 billion yuan, with corresponding EPS of 0.02, 0.04, and 0.08 yuan, indicating a PE ratio of 183, 93, and 54 times respectively [5]. - The viscose filament segment remains the primary profit source, while the carbon fiber sector is expected to recover gradually, with a significant year-on-year revenue increase of 368.31% in the first half of 2025 [5][6].

Core Viewpoint - Xinxiang Chemical Fiber Co., Ltd. is a leading domestic producer of viscose filament and spandex, with the largest viscose filament capacity and the second-largest spandex capacity in China [1] Group 1: Business Performance - In Q3 2025, Xinxiang Chemical Fiber achieved a revenue of 5.74 billion yuan, ranking first among four industry peers, significantly surpassing the second-ranked Jilin Chemical Fiber's 4.019 billion yuan [2] - The company's net profit for the same period was 133 million yuan, also leading the industry, exceeding the second-ranked Hengtian Hailong's 82.4 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Xinxiang Chemical Fiber's debt-to-asset ratio was 50.42%, lower than the industry average of 57.43% [3] - The gross profit margin was 9.74%, which, despite being lower than the previous year's 11.67%, remained above the industry average of 4.31% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 13.99% to 64,000, while the average number of circulating A-shares held per shareholder increased by 16.26% to 26,600 [5] - Notable new shareholders include Guangfa Advantage Growth Stock A and Dachen New Industry Mixed A, with significant holdings [5] Group 4: Future Projections - Guohai Securities forecasts the company's revenue for 2025-2027 to be 7.6 billion, 8 billion, and 8.3 billion yuan, with net profits of 152 million, 256 million, and 358 million yuan, respectively [5] - The company is expected to maintain a competitive edge due to its leading production capacity in biomass cellulose filament and spandex, as well as its ongoing product development and technological innovation [6]