来源 | 野马财经 作者 | 孙梦圆 2025年上半年，金力股份有息负债69.12亿元。 从经营规模看，金力股份年营收约26.3亿元，约为佛塑科技的1.2倍；资产规模达125亿元，是佛塑科技 的2.6倍。三年前，公司曾冲刺科创板，估值约百亿，但最终未能成功。如今，其100%股权作价50.8亿 元，这一估值仍与佛塑科技的总资产规模相当。 佛山材料龙头，吞下了百亿隔膜黑马。 1月5日，佛塑科技公告，其收购金力股份的方案已获证监会同意注册批复。这笔金额近51亿元的并购 案，从2024年10月就开始谋划，历时超一年，终于尘埃落定，这也意味着，这家佛山材料龙头将正式切 入电池薄膜赛道。 浙大城市学院副教授、中国城市专家智库委员会常务副秘书长林先平认为，尽管当前隔膜行业面临价格 战和产能过剩，但长期需求依然向好，此次收购有助于佛塑科技在行业洗牌中抢占先机，为后续技术升 级和高端产品竞争奠定基础。 二级市场上，在新能源产业热潮与资本市场的双重聚焦下，佛塑科技曾一度走出了强劲的股价行情。纵 观2025年全年表现，佛塑科技涨幅接近120%。截至1月7日收盘，佛塑科技报收15元/股，总市值145.1亿 元。 图源：罐头图库 "蛇 ...

资料显示，沧州明珠塑料股份有限公司位于河北省沧州市吉林大道与永济西路交叉口处明珠大厦，成立 日期1995年1月2日，上市日期2007年1月24日，公司主营业务涉及PE燃气、给水管材管件、BOPA薄膜 及锂电池隔膜的生产和销售。主营业务收入构成为：燃气、给水管管材、管件37.27%，尼龙薄膜 32.23%，锂离子电池隔膜26.12%，其他(补充)4.38%。 沧州明珠所属申万行业为：基础化工-塑料-其他塑料制品。所属概念板块包括：低价、固态电池、海绵 城市、地下管廊、雄安新区等。 12月25日，沧州明珠盘中下跌2.02%，截至10:15，报4.84元/股，成交1.23亿元，换手率1.53%，总市值 79.79亿元。 资金流向方面，主力资金净流出1877.42万元，特大单买入189.53万元，占比1.54%，卖出1596.72万元， 占比13.00%；大单买入2318.47万元，占比18.88%，卖出2788.71万元，占比22.71%。 沧州明珠今年以来股价涨38.68%，近5个交易日涨1.04%，近20日涨4.54%，近60日涨20.40%。 今年以来沧州明珠已经1次登上龙虎榜，最近一次登上龙虎榜为6月26日 ...

Core Points - Cangzhou Mingzhu's stock price increased by 2.19% on November 25, reaching 4.66 CNY per share, with a total market capitalization of 7.682 billion CNY [1] - The company has seen a year-to-date stock price increase of 33.52%, but has experienced an 8.63% decline over the last five trading days [2] - As of September 30, 2025, Cangzhou Mingzhu reported a revenue of 2.078 billion CNY, a year-on-year growth of 5.90%, and a net profit of 140 million CNY, up 0.99% year-on-year [2] Financial Performance - The company has a revenue composition of 37.27% from gas and water pipe materials, 32.23% from nylon films, and 26.12% from lithium-ion battery separators [2] - Cangzhou Mingzhu has distributed a total of 1.62 billion CNY in dividends since its A-share listing, with 501 million CNY distributed over the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 20.98% to 83,800, while the average circulating shares per person increased by 26.55% to 19,680 shares [2] - Hong Kong Central Clearing Limited is the fourth largest circulating shareholder, holding 24.6703 million shares, an increase of 12.8359 million shares from the previous period [3]

资金流向方面，主力资金净流出180.40万元，特大单买入2426.70万元，占比8.18%，卖出2220.29万元， 占比7.48%；大单买入6144.65万元，占比20.71%，卖出6531.46万元，占比22.02%。 11月17日，沧州明珠盘中下跌2.08%，截至09:48，报5.19元/股，成交2.97亿元，换手率3.41%，总市值 85.56亿元。 沧州明珠所属申万行业为：基础化工-塑料-其他塑料制品。所属概念板块包括：低价、小盘、海绵城 市、QFII持股、地下管廊等。 截至9月30日，沧州明珠股东户数8.38万，较上期减少20.98%；人均流通股19680股，较上期增加 26.55%。2025年1月-9月，沧州明珠实现营业收入20.78亿元，同比增长5.90%；归母净利润1.40亿元，同 比增长0.99%。 分红方面，沧州明珠A股上市后累计派现16.20亿元。近三年，累计派现5.01亿元。 机构持仓方面，截止2025年9月30日，沧州明珠十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股2467.03万股，相比上期增加1283.59万股。 责任编辑：小浪快报 沧州明珠今年以来股价涨48 ...

Core Insights - Cangzhou Mingzhu's stock price increased by 2.07% on November 11, reaching 4.92 CNY per share, with a total market capitalization of 8.111 billion CNY [1] - The company has seen a year-to-date stock price increase of 40.97%, with significant gains over various trading periods [1][2] - Cangzhou Mingzhu's main business segments include PE gas and water pipes, BOPA films, and lithium battery separators, with respective revenue contributions of 37.27%, 32.23%, and 26.12% [1][2] Financial Performance - For the period from January to September 2025, Cangzhou Mingzhu reported a revenue of 2.078 billion CNY, reflecting a year-on-year growth of 5.90%, and a net profit attributable to shareholders of 140 million CNY, up by 0.99% [2] - The company has distributed a total of 1.62 billion CNY in dividends since its A-share listing, with 501 million CNY distributed over the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 20.98% to 83,800, while the average number of circulating shares per person increased by 26.55% to 19,680 shares [2] - Hong Kong Central Clearing Limited is the fourth largest circulating shareholder, holding 24.6703 million shares, an increase of 12.8359 million shares from the previous period [3]

Core Points - Cangzhou Mingzhu's stock price increased by 2.09% on November 7, reaching 4.89 CNY per share, with a trading volume of 205 million CNY and a market capitalization of 8.062 billion CNY [1] - The company has seen a year-to-date stock price increase of 40.11%, with a 4.94% rise in the last five trading days, 19.85% in the last 20 days, and 35.08% in the last 60 days [1] - Cangzhou Mingzhu's main business includes the production and sales of PE gas and water pipes, BOPA films, and lithium battery separators, with revenue contributions of 37.27%, 32.23%, and 26.12% respectively [1] Financial Performance - As of September 30, Cangzhou Mingzhu reported a revenue of 2.078 billion CNY for the first nine months of 2025, representing a year-on-year growth of 5.90%, and a net profit attributable to shareholders of 140 million CNY, up 0.99% year-on-year [2] - The company has distributed a total of 1.62 billion CNY in dividends since its A-share listing, with 501 million CNY distributed over the past three years [3] Shareholder Information - The number of shareholders for Cangzhou Mingzhu decreased by 20.98% to 83,800 as of September 30, while the average number of circulating shares per person increased by 26.55% to 19,680 shares [2] - Hong Kong Central Clearing Limited is the fourth largest circulating shareholder, holding 24.67 million shares, an increase of 12.84 million shares compared to the previous period [3]

Core Viewpoint - Company BOPA's production capacity utilization and sales figures for the year have been inquired by investors, indicating interest in the company's operational performance [1] Group 1 - Company reported that the sales volume of BOPA film products for the first three quarters of this year is approximately 51,000 tons [1]

Core Viewpoint - The company has successfully completed the commissioning and trial production of two BOPA film production lines, with a designed annual capacity of 38,000 tons, marking the full operation of its fundraising investment projects [1] Production Capacity Expansion - The "Annual Production of 38,000 Tons High Barrier Nylon Film Project" implemented by Donghong Membrane has completed equipment debugging and has officially commenced production [1] - The company has also initiated production in one production line of the "Annual Production of 200 Million Square Meters Wet Lithium-ion Battery Separator Project" in Wuhu, with a designed annual capacity of 100 million square meters [1] - In the "Annual Production of 500 Million Square Meters Dry Lithium-ion Battery Separator Project" in Cangzhou, two production lines have commenced production, with a combined designed annual capacity of 200 million square meters [1] Market Position and Competitiveness - The commencement of production for the BOPA film and lithium-ion battery separator production lines is expected to enhance the company's production capacity, thereby increasing its market share and product competitiveness [1]

Core Viewpoint - The company has successfully completed the commissioning and trial production of two BOPA film production lines, with a designed annual capacity of 38,000 tons, marking the full operation of its fundraising investment projects [1] Group 1: Production Capacity Expansion - The "Annual Production of 38,000 Tons High Barrier Nylon Film Project" has been implemented by Donghong Membrane, with both production lines now officially in operation [1] - The company has also commenced production on one production line of the "Annual Production of 200 Million Square Meters Wet Lithium-ion Battery Separator Project" in Wuhu, which has a designed annual capacity of 100 million square meters [1] - In Cangzhou, two production lines of the "Annual Production of 500 Million Square Meters Dry Lithium-ion Battery Separator Project" have been put into operation, with a combined designed annual capacity of 200 million square meters [1] Group 2: Market Position and Competitiveness - The commencement of production for the BOPA film and lithium-ion battery separator production lines is expected to enhance the company's production capacity, thereby increasing its market share and product competitiveness [1]

Core Viewpoint - Cangzhou Mingzhu's stock price has shown a significant increase this year, with a year-to-date rise of 27.22%, indicating strong market performance and investor interest [1][2]. Financial Performance - For the period from January to September 2025, Cangzhou Mingzhu achieved a revenue of 2.078 billion yuan, representing a year-on-year growth of 5.90% [2]. - The net profit attributable to the parent company for the same period was 140 million yuan, reflecting a slight increase of 0.99% year-on-year [2]. Stock Market Activity - As of October 29, Cangzhou Mingzhu's stock was trading at 4.44 yuan per share, with a trading volume of 310 million yuan and a turnover rate of 4.28% [1]. - The company has seen a net outflow of main funds amounting to 36.14 million yuan, with significant selling pressure observed [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Cangzhou Mingzhu was 83,800, a decrease of 20.98% from the previous period [2]. - The average number of circulating shares per shareholder increased by 26.55% to 19,680 shares [2]. Dividend Distribution - Cangzhou Mingzhu has distributed a total of 1.62 billion yuan in dividends since its A-share listing, with 501 million yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the fourth largest circulating shareholder, holding 24.67 million shares, an increase of 12.83 million shares from the previous period [3].