北交所策略专题报告 2026 年 01 月 25 日 动力电池回收产业迎政策元年：市场复合增速达 57%，布局北交所稀缺标的 北交所研究团队 ——北交所策略专题报告 | 诸海滨（分析师） | 余中天（分析师） | | --- | --- | | zhuhaibin@kysec.cn | yuzhongtian@kysec.cn | | 证书编号：S0790522080007 | 证书编号：S0790525050003 | 动力电池回收利用暂行办法出台，北证标的提前布局锂电循环 2026 年 1 月 23 日，工信部等六部门联合发布《新能源汽车废旧动力电池回收和 综合利用管理暂行办法》。中国内地的退役锂电池总量由 2020 年的 157,100 吨增 至 2024 年的 455,100 吨，复合年增长率为 30.5%。2020 年至 2024 年，全球处理 量由 338,400 吨增至 1.3 百万吨，复合年增长率为 40.6%。同期，中国内地处理 量由 113,900 吨增至 695,700 吨，复合年增长率为 57.2%。目前北交所内锂电池 回收相关的企业共有四家，截至 2026 年 1 月 23 日总市值 ...

内容概况：在冶金、化工、机械制造等重工业的酸洗、电镀及废气处理等核心工艺环节中，酸雾抑制剂 作为关键的环境功能助剂，其战略价值日益凸显。随着国家环保法规的持续收紧与"双碳"战略的纵深推 进，工业企业的污染排放控制已从"可选成本项"转变为"生存硬约束"。在此背景下，酸雾抑制剂因其能 高效从源头抑制盐酸、硫酸、硝酸等强酸雾气的挥发与逃逸，正从辅助性化学品升级为保障生产连续 性、实现清洁生产与达标排放的刚需型生产物资。2024年，中国酸雾抑制剂行业市场规模约为3.74亿 元，同比增长4.76%。 相关上市企业：康普化学（834033） 相关企业：中轻化工股份有限公司、赞宇科技集团股份有限公司、湖南丽臣奥威实业有限公司、宝山钢 铁股份有限公司、鞍钢股份有限公司、江西铜业股份有限公司、洛阳钼业股份有限公司、浙江华友钴业 股份有限公司、广东光华科技股份有限公司、湖南丽臣实业股份有限公司 关键词：酸雾抑制剂、酸雾抑制剂市场规模、酸雾抑制剂行业现状、酸雾抑制剂发展趋势 一、行业概述 酸雾抑制剂是一种专门用于抑制工业酸洗过程中酸雾挥发的化学药剂，主要通过降低液体表面张力、形 成保护膜或吸收酸雾等方式减少酸性气体（如硫酸雾、盐酸 ...

Core Viewpoint - 康普化学's 2024 annual report indicates a temporary fluctuation in operating performance due to decreased demand from key downstream customers and intensified market competition, with total revenue of 330 million yuan and a net profit attributable to shareholders of 80.3 million yuan [5][6]. Group 1: Company Overview - 康普化学 successfully held its 2024 annual report online performance briefing on April 10, featuring various interactive formats to engage with investors [1][3]. - The company presented its 2024 operational results through a comprehensive overview, including company profile, operational status, financial data, market capitalization management, and future outlook [3]. Group 2: Financial Performance - In 2024, 康普化学 achieved an operating revenue of 330 million yuan and a net profit of 80.3 million yuan, reflecting a temporary performance fluctuation [5]. Group 3: R&D and Market Expansion - 康普化学 increased its R&D investment and market expansion efforts in 2024, resulting in the acquisition of 5 invention patents, bringing the total to 57 authorized patents, including 34 invention patents [5]. - The company actively participated in industry exhibitions to gather market information and enhance communication with customers, thereby accumulating substantial business resources [5]. Group 4: Environmental and Metal Recycling Initiatives - 康普化学 has established a hundred-ton level green comprehensive utilization facility for new energy metals, currently undergoing trial production for validation [6]. - The company formed 重庆鑫丰泰环保科技有限公司 to develop related environmental protection businesses [6]. - 康普化学 plans to leverage its technology in acid mist suppressants, primarily used for copper electrolysis, to expand applications in other metal electroplating processes [6]. Group 5: Strategic Focus - The company aims to deepen its focus on metal extractants and other specialty chemicals, continuously increasing market share and brand influence while seeking new growth points to adapt to the changing market environment [6].