新材料 分析师：石临源 登记编码：S0730525020001 shily@ccnew.com 0371-65585629 津巴布韦限制锂矿出口，河南发布 2026 年汽 车以旧换新补贴细则 ——新材料行业月报 证券研究报告-行业月报 强于大市(维持) 新材料相对沪深 300 指数表现 相关报告 《新材料行业月报：基本金属价格普涨，2025 年 全 国 累 计 发 电 装 机 容 量 同 增 16% 》 2026-01-29 《新材料行业月报：人形机器人标委会在北京 成立，功能金刚石迎来首个团体标准聚焦热沉 应用》 2025-12-30 《新材料行业月报：河南省印发有色金属产业 提质升级行动计划，Diamond Foundry 投建 金刚石晶圆工厂》 2025-11-28 联系人：李智 投资要点： 风险提示：技术进展不及预期；上游原材料价格大幅波动；下游需求 不及预期；地缘政治因素影响。 本报告版权属于中原证券股份有限公司 www.ccnew.com 请阅读最后一页各项声明 第1页 / 共21页 发布日期：2026 年 02 月 27 日 -50% -40% -30% -20% -10% 0% 10% 20% ...

新材料 分析师：石临源 登记编码：S0730525020001 shily@ccnew.com 0371-65585629 津巴布韦限制锂矿出口，河南发布 2026 年汽 车以旧换新补贴细则 ——新材料行业月报 证券研究报告-行业月报 强于大市(维持) 新材料相对沪深 300 指数表现 相关报告 《新材料行业月报：基本金属价格普涨，2025 年 全 国 累 计 发 电 装 机 容 量 同 增 16% 》 2026-01-29 《新材料行业月报：人形机器人标委会在北京 成立，功能金刚石迎来首个团体标准聚焦热沉 应用》 2025-12-30 《新材料行业月报：河南省印发有色金属产业 提质升级行动计划，Diamond Foundry 投建 金刚石晶圆工厂》 2025-11-28 联系人：李智 投资要点： 风险提示：技术进展不及预期；上游原材料价格大幅波动；下游需求 不及预期；地缘政治因素影响。 本报告版权属于中原证券股份有限公司 www.ccnew.com 请阅读最后一页各项声明 第1页 / 共21页 发布日期：2026 年 02 月 27 日 -50% -40% -30% -20% -10% 0% 10% 20% ...

2月26日，黄河旋风涨6.23%，截至发稿，报9.38元/股，成交8.55亿元，换手率7.37%，总市值135.28亿 元。 截至发稿，张昌平累计任职时间5年115天，现任基金资产总规模35.28亿元，任职期间最佳基金回报 153.78%， 任职期间最差基金回报-3.99%。 资料显示，河南黄河旋风股份有限公司位于河南省长葛市人民路200号，成立日期1998年11月3日，上市 日期1998年11月26日，公司主营业务涉及超硬材料及其制品、超硬材料聚晶及其制品、机电产品、建筑 机械、塔式起重机等。主营业务收入构成为：超硬材料67.22%，超硬复合材料12.12%，金属粉末 11.61%，材料及其他业务4.91%，超硬材料制品2.57%，超硬刀具1.07%，建筑机械0.51%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 从黄河旋风十大流通股东角度 数据显示，西部利得基金旗下1只基金位居黄河旋风十大流通股东。西部利得事件驱动股票A ...

Group 1 - The stock of Huanghe Xuanfeng increased by 9.98% on February 24, with a trading volume of 1.624 billion yuan. The net financing purchase on that day was 21.35 million yuan, with a total financing and securities balance of 469 million yuan [1] - As of February 24, the financing balance of Huanghe Xuanfeng accounted for 4.16% of its circulating market value, exceeding the 90th percentile level over the past year, indicating a high level of financing [1] - The company’s main business includes superhard materials and products, accounting for 67.22% of its revenue, followed by superhard composite materials (12.12%), and metal powders (11.61%) [1] Group 2 - As of January 31, Huanghe Xuanfeng had 112,000 shareholders, with an average of 11,395 circulating shares per person, showing no change from the previous period [2] - For the period from January to September 2025, Huanghe Xuanfeng reported a revenue of 1.008 billion yuan, a year-on-year increase of 7.29%, while the net profit attributable to the parent company was -523 million yuan, a decrease of 22.90% year-on-year [2] - The company has distributed a total of 267 million yuan in dividends since its A-share listing, with no dividends distributed in the last three years [3]

Group 1 - The core point of the news is that Zhongbing Hongjian's stock price increased by 5.03% to 19.62 CNY per share, with a trading volume of 785 million CNY and a turnover rate of 2.93%, resulting in a total market capitalization of 27.322 billion CNY [1] - Zhongbing Hongjian Co., Ltd. is located in Nanyang, Henan Province, and was established on March 10, 1998, with its listing date on October 8, 1993. The company specializes in the research, production, and sales of superhard materials and their products, internal combustion engine parts, and military products such as large-caliber shells, rockets, missiles, and ammunition [1] - The revenue composition of Zhongbing Hongjian includes special equipment at 53.87%, superhard materials and products at 37.35%, automotive parts at 5.73%, and special vehicles at 3.05% [1] Group 2 - From the perspective of the top ten circulating shareholders, Guotai Fund has a fund that ranks among them. The Guotai Zhongzheng Military Industry ETF (512660) reduced its holdings by 1.5593 million shares in the third quarter, holding a total of 8.1249 million shares, which accounts for 0.58% of the circulating shares [2] - The Guotai Zhongzheng Military Industry ETF (512660) was established on July 26, 2016, with a latest scale of 10.652 billion CNY. It has achieved a return of 7.9% this year, ranking 1638 out of 5580 in its category, and a return of 44.16% over the past year, ranking 1212 out of 4297 [2] - The fund manager of Guotai Zhongzheng Military Industry ETF (512660) is Ai Xiaojun, who has a cumulative tenure of 12 years and 46 days, managing total fund assets of 188.936 billion CNY, with the best fund return during his tenure being 327.02% and the worst being -46.54% [2]

Group 1 - The core point of the news is that Huanghe Xuanfeng's stock price increased by 5.74%, reaching 8.48 CNY per share, with a trading volume of 786 million CNY and a turnover rate of 7.56%, resulting in a total market capitalization of 12.23 billion CNY [1] - Huanghe Xuanfeng Co., Ltd. is located in Changge City, Henan Province, and was established on November 3, 1998, with its listing date on November 26, 1998. The company's main business involves superhard materials and products, electromechanical products, construction machinery, and tower cranes [1] - The revenue composition of Huanghe Xuanfeng includes superhard materials (67.22%), superhard composite materials (12.12%), metal powders (11.61%), materials and other businesses (4.91%), superhard material products (2.57%), superhard tools (1.07%), and construction machinery (0.51%) [1] Group 2 - Among the top ten circulating shareholders of Huanghe Xuanfeng, a fund under Western Lide Fund ranks as a new entrant, holding 9.9829 million shares, which accounts for 0.78% of the circulating shares. The estimated floating profit today is approximately 4.5921 million CNY [2] - The Western Lide Event-Driven Stock A fund (671030) was established on September 26, 2018, with a current scale of 651 million CNY. Year-to-date returns are 9.84%, ranking 1106 out of 5580 in its category; over the past year, returns are 70.16%, ranking 250 out of 4297; and since inception, returns are 341.88% [2] Group 3 - The fund manager of Western Lide Event-Driven Stock A is Zhang Changping, who has a cumulative tenure of 5 years and 113 days. The total asset scale of the fund is 3.528 billion CNY, with the best fund return during his tenure being 153.78% and the worst being -3.99% [3]

Group 1 - Huanghe Xuanfeng's stock price increased by 5.13%, reaching 7.58 CNY per share, with a trading volume of 1.537 billion CNY and a turnover rate of 16.51%, resulting in a total market capitalization of 10.932 billion CNY [1] - The company, founded on November 3, 1998, and listed on November 26, 1998, is located in Changge City, Henan Province, and its main business involves superhard materials and products, electromechanical products, construction machinery, and tower cranes [1] - The revenue composition of Huanghe Xuanfeng includes superhard materials (67.22%), superhard composite materials (12.12%), metal powders (11.61%), materials and other businesses (4.91%), superhard material products (2.57%), superhard tools (1.07%), and construction machinery (0.51%) [1] Group 2 - Western Lide Fund's Event-Driven Stock A (671030) entered the top ten circulating shareholders of Huanghe Xuanfeng, holding 9.9829 million shares, accounting for 0.78% of circulating shares, with an estimated floating profit of approximately 3.6937 million CNY [2] - The fund was established on September 26, 2018, with a latest scale of 651 million CNY, achieving a year-to-date return of 6.56% (ranking 1104 out of 5562) and a one-year return of 73.38% (ranking 254 out of 4285) [2] - The fund manager, Zhang Changping, has a cumulative tenure of 5 years and 92 days, with total fund assets of 3.528 billion CNY, achieving a best fund return of 150.3% and a worst fund return of 0% during his tenure [3]

Core Viewpoint - The stock of Zhongbing Hongjian has experienced fluctuations, with a recent decline of 2.01% and a total market value of 25.734 billion yuan, indicating a mixed performance in the market [1]. Company Overview - Zhongbing Hongjian, established on March 10, 1998, and listed on October 8, 1993, is located in Nanyang, Henan Province. The company specializes in the research, production, and sales of superhard materials, internal combustion engine parts, and military products such as large-caliber shells, rockets, missiles, and ammunition [1]. - The revenue composition of the company includes: special equipment 53.87%, superhard materials and products 37.35%, automotive parts 5.73%, and special vehicles 3.05% [1]. Financial Performance - For the period from January to September 2025, Zhongbing Hongjian achieved an operating income of 3.424 billion yuan, representing a year-on-year growth of 25.95%. However, the net profit attributable to the parent company was -58.8197 million yuan, showing a slight increase of 2.30% year-on-year [2]. - The company has distributed a total of 424 million yuan in dividends since its A-share listing, with 153 million yuan distributed over the past three years [3]. Shareholder Information - As of December 19, the number of shareholders for Zhongbing Hongjian was 203,000, a decrease of 1.46% from the previous period. The average circulating shares per person increased by 1.48% to 6,859 shares [2]. - The top ten circulating shareholders include notable entities such as Southern CSI 500 ETF and Hong Kong Central Clearing Limited, with some shareholders reducing their holdings [3].

Group 1 - The core viewpoint of the news is that Zhongbing Hongjian's stock has shown a positive trend with a 5.66% increase since the beginning of the year and a 7.13% increase over the last five trading days, indicating strong market interest and performance [1][2]. - As of January 8, the stock price reached 19.24 yuan per share, with a market capitalization of 26.793 billion yuan and a trading volume of 4.34 billion yuan [1]. - The company specializes in the research, production, and sales of superhard materials, military products such as large-caliber shells, rockets, missiles, and civilian products including modified vehicles and automotive parts [1]. Group 2 - Zhongbing Hongjian's revenue for the period from January to September 2025 was 3.424 billion yuan, reflecting a year-on-year growth of 25.95%, while the net profit attributable to shareholders was -58.8197 million yuan, showing a slight increase of 2.30% [2]. - The company has distributed a total of 424 million yuan in dividends since its A-share listing, with 153 million yuan distributed over the last three years [3]. - As of September 30, 2025, the top ten circulating shareholders included significant institutional investors, with notable changes in holdings among them, such as a decrease in shares held by the Southern CSI 500 ETF and the exit of Guotai Ruiyin National Security Mixed A from the top ten [3].

Group 1 - The core viewpoint of the news is that Zhongbing Hongjian's stock has shown positive performance with a 3.62% increase year-to-date and a 5.89% increase over the last five trading days, indicating strong market interest and investment activity [1][2]. - As of January 6, Zhongbing Hongjian's stock price reached 18.87 yuan per share, with a total market capitalization of 26.278 billion yuan and a trading volume of 651 million yuan [1]. - The company has a diverse business model, with its main revenue sources being special equipment (53.87%), superhard materials and products (37.35%), automotive parts (5.73%), and special vehicles (3.05%) [1]. Group 2 - Zhongbing Hongjian operates in the defense and military industry, specifically in ground equipment, and is associated with several concept sectors including firefighting, diamond cultivation, and state-owned enterprise reform [2]. - For the period from January to September 2025, the company reported a revenue of 3.424 billion yuan, reflecting a year-on-year growth of 25.95%, while the net profit attributable to shareholders was -58.8197 million yuan, showing a slight increase of 2.30% [2]. - The company has distributed a total of 424 million yuan in dividends since its A-share listing, with 153 million yuan distributed over the last three years [3].