数米高的"现金墙"，由成捆百元大钞层层垒就，员工列队依次领取。 作者｜ 闰然 编辑｜ 江江 视觉 | 诺言 方大集团年终分红时的"现金墙" 这样的年终分红名场面，在辽宁方大集团已经上演了多年。据统计，近十年来，方大集团已累计给员工 发放现金红包近40亿元 这位被外界称作"红包霸总"的东北辽宁首富、方大集团掌舵者的方威，对旗下近13万名员工的慷慨从未 打折。 方大集团董事局主席方威/图源：视觉中国 与此同时，方威的身家财富不减反增，在2025年胡润百富榜上飙升至525亿元，较2024年的405亿暴涨 120亿，稳稳坐稳东北三省企业家头把交椅。 一边是对员工撒钱如流水，一边是个人财富逆势猛涨，这便是方威最鲜明的商业底色。 但鲜为人知的是，他在商业操作上真正神秘的那一面。 2020年，方大集团斥资5亿元为方大九钢4116名员工发汽车的操作，让全网直呼"别人家的公司"—— 每 位员工各获一辆10万级车型，夫妻双方均在九钢的，可按需换成20万级汽车。 更重要的是，公司包揽了 后续5年所有车辆的保险和车船使用税。 东北制药 为方大集团旗下上市公司之一 为员工发放汽车/图源：辽宁方大集团 全国最硬核的民企福利体系 方威其人 ...

Summary of the Conference Call Industry Overview - **Industry**: Metals & Mining - **Event**: GS Asia Commodity Corporate Day held from February 2-4, featuring 13 companies involved in various commodities including copper, aluminum, lithium, tungsten, nickel, cobalt, rare earths, gold, silver, graphite, potash, coal, and battery materials [1][2] Key Insights - **Market Sentiment**: Positive outlook from miners and producers across most commodities, supported by solid supply and demand fundamentals. However, supply constraints are more pronounced compared to previous cycles due to factors like government controls and trade barriers [2][3] - **Supply Constraints**: Ongoing resource degradation, lack of large expansions, and government-imposed production quotas (e.g., in China and Indonesia) are significant challenges. The concentration of assets geographically and in technical expertise further complicates the supply landscape [2][3] - **Long-term Value Appreciation**: There is a growing recognition of the long-term value of resources, particularly in copper, gold, lithium, and tungsten, with companies expecting output growth of 20-100% over the next 3-5 years [3] Company-Specific Insights China Qinfa Group (中国秦发) - **Key Commodities**: Coal - **Production Outlook**: Management anticipates production output to exceed 10 million tons of raw coal by 2026, with significant growth expected from underground mining operations [11][12][13] - **Government Regulations**: Increased supply discipline due to government regulations, including production quotas and potential export taxes, is expected to impact pricing and production strategies [11][12] - **Cost Structure**: Current total unit cost is Rmb310 per ton, with expectations to reduce costs to Rmb200 per ton as production ramps up [15] - **CAPEX Plans**: Future capital expenditures will focus on expanding mining operations, with each new pit expected to cost Rmb2.0-3.0 billion, primarily funded through equity [17] Other Companies Mentioned - **CMOC Group (洛阳钼业)**: Rated as a "Buy" with a target price of HK$27.0/Rmb28.0 [8] - **Huayou Cobalt (华友钴业)**: Rated as a "Sell" with a target price of Rmb45.0 [8] - **Zijin Mining Group (紫金矿业)**: Rated as a "Buy" with a target price of HK$52.0/Rmb50.0 [8] Additional Considerations - **Geographic Focus**: Preferred mining assets are primarily located in Africa, Central Asia, and domestic China, indicating a strategic shift towards regions with favorable mining conditions [3] - **Technological Advancements**: Companies are exploring new technologies and processes to improve efficiency and reduce costs, such as the use of wet jigging processes to enhance washing yields [18] Conclusion The conference highlighted a generally optimistic outlook for the metals and mining sector, driven by strong demand and strategic adjustments to supply constraints. Companies are positioning themselves for significant growth in the coming years, particularly in coal production, while navigating regulatory challenges and cost management strategies.

Group 1 - Fangda Carbon plans to acquire 100% equity of Tianjin Tongda Huanyu Logistics Co., Ltd. for 319 million yuan [1] - Xiamen Tungsten intends to acquire 39% equity of Jiujiang Dadi Mining Development Co., Ltd. and has signed an intention agreement with a transferor [6] - Wenkai Co. has won a bid for a landscape project worth 50.8162 million yuan [7] Group 2 - Changchun High-tech's subsidiary Jin Sai Pharmaceutical received approval for a clinical trial application for GenSci136, a treatment for IgA nephropathy [3] - China National Pharmaceutical has received drug registration certificates for fumaric acid volnoral tablets, used for treating reflux esophagitis [12] - Zhenhua Group plans to issue convertible bonds not exceeding 1.2 billion yuan [26] Group 3 - CSG Holding's stock may undergo a control change due to share pledge judicial transfer [30] - Ningbo Yunsheng plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange [19] - Keda Guochuang's controlling shareholder intends to transfer 5% of the company's shares through an agreement [28] Group 4 - A number of companies, including Finer Pharma, Yixing Guoyuan Investment, and others, have announced plans to reduce their shareholdings by various percentages [2][4][9][11][15][16][20][21][22][23][25][29] - Highweida plans to repurchase shares worth 30 to 35 million yuan [17] - ST Zhongzhu is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [24] Group 5 - A number of companies, including Jiekang Equipment and others, have faced legal issues or penalties [27][40] - Aclaris Therapeutics has clarified that reports regarding its robotic products entering mass production were misinterpreted [41]

Mergers and Acquisitions - Fangda Carbon plans to acquire 100% equity of Tianjin Tongda Huanyu Logistics Co., Ltd. for 319 million yuan, aiming to optimize inventory management and enhance logistics efficiency [1] - Xiamen Tungsten intends to acquire a 39% stake in Jiujiang Dadi Mining Development Co., Ltd. from Beijing Shangdaxin Investment Co., Ltd., with an intention fee of 28 million yuan [2] - Efort plans to purchase 100% of Shengpu shares through a combination of issuing shares and cash payments [3] Shareholding Changes - Former senior executive He Chengzhi of Changhong Huayi increased his holdings by 59,500 shares [4] - Controlling shareholder Tianjin TEDA Investment Holding Group Co., Ltd. of TEDA Co., Ltd. plans to reduce its stake by up to 29.38 million shares, representing no more than 2% of the total share capital [5] - Controlling shareholder Liansheng Chemical Group Co., Ltd. and its concerted parties plan to reduce their holdings by up to 3% of the total shares [6] - Shareholders of Songsheng Co., Ltd. plan to collectively reduce their holdings by no more than 5% of the company's shares [7] Risk Matters - Jieqiang Equipment and its actual controller Pan Feng were convicted of bribery, resulting in a fine of 1.5 million yuan [8] - Cuihua Jewelry is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations, with significant financial implications including overdue loans totaling 254 million yuan and multiple bank accounts frozen [10]

2月9日晚间，方大炭素（600516）公告，为优化库存管理，整合公司及子公司物流环节的管控效率与稳定性，提升公司抗风险能力，降低储运及物流成 本，公司拟以自有资金购买关联方天津一商持有的天津通达环宇物流有限公司（以下简称"通达环宇"或"标的公司"）100%股权。上述股权评估价值为 31,918.70万元，根据交易双方协商，交易对价拟定为31,918.70万元。 2025年度业绩预减的主要原因是公司主营产品销售价格有所下降，对业绩影响较大。 值得一提的是，2022年至2025年，方大炭素净利润连续4年下滑，从逾10亿元盈利直线降至或不足亿元。 在业绩4连降之际，方大炭素换帅。 天津一商是公司控股股东辽宁方大集团（000055）实业有限公司（以下简称方大集团）间接控制的企业，本次交易构成关联交易。本次交易不构成重大资 产重组。 资料显示，通达环宇地处天津市东丽区华明高新技术产业区，主要从事货物仓储服务、国内及国际货物运输代理、货物进出口、技术进出口等业务。 截至2025年12月31日，通达环宇资产总额为50,592.67万元，净资产为30,221.36万元。 方大炭素表示，收购后公司可快速获得环渤海地区的物流网络 ...

方大炭素表示，本次交易资金来源于公司自有资金。本次交易对方天津一商是公司控股股东方大集团间 接控制的企业，本次交易构成关联交易。本次交易不构成重大资产重组。 通达环宇区域优势明显，交通网络发达，存储物质主要物流方向为京津冀地区及天津港。收购后公司可 快速获得环渤海地区的物流网络、客户资源和仓储设施，强化区域市场渗透力。公司的主要产品出口及 部分原料进口均在天津港装卸，标的公司拥有的库房为丙类及以上仓库，完全可以满足公司进出口产品 及原料的存储周转需要。 北京商报讯（记者 王蔓蕾）2月9日晚间，方大炭素（600516）披露公告称，公司拟收购天津一商集团 有限公司（以下简称"天津一商"）持有的天津通达环宇物流有限公司（以下简称"通达环宇"）100%股 权。经交易双方协商确定交易价格为3.19亿元。 ...

格隆汇2月9日丨方大炭素(600516.SH)公布，为优化库存管理，整合公司及子公司物流环节的管控效率 与稳定性，提升公司抗风险能力，降低储运及物流成本，公司拟以自有资金购买关联方天津一商持有的 天津通达环宇物流有限公司（以下简称标的公司）100%股权。上述股权评估价值为31,918.70万元，根 据交易双方协商，交易对价拟定为31,918.70万元。 ...

证券代码： 600516 证券简称：方大炭素 公告编号：2026-012 方大炭素新材料科技股份有限公司 关于购买股权暨关联交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●方大炭素新材料科技股份有限公司（以下简称公司）收购天津一商集团有 限公司（以下简称天津一商）持有的天津通达环宇物流有限公司（以下简称标的 公司）100%股权。本次交易以资产评估机构出具的评估报告确认的标的公司评估 值作为定价依据，经交易双方协商确定交易价格为31,918.70万元。 ●天津一商是公司控股股东辽宁方大集团实业有限公司（以下简称方大集团） 间接控制的企业，根据《上海证券交易所股票上市规则》的规定，本次交易构成 关联交易。 ●本次交易不构成重大资产重组。 ●本次交易已经公司董事会2026年第一次独立董事专门会议和第九届董事 会第十九次临时会议审议通过。本次关联交易无需公司股东会审议。 ●截至本次交易，过去12个月内，公司及子公司未与同一关联法人进行过与 本次交易类别相关的关联交易。 一、关联交易概述 （一）本次交易的基 ...

南财智讯2月9日电，方大炭素公告，公司与天津一商签署协议，拟以31918.70万元收购标的公司通达环 宇100%股权。本次交易资金来源于公司自有资金。交易完成后，公司将持有通达环宇100%股权。通达 环宇主要从事货物仓储服务、国内及国际货物运输代理、货物进出口、技术进出口等业务。该事项构成 关联交易，但不构成重大资产重组。 ...

Market Performance - The steel sector declined by 3.02% this week, underperforming the broader market, with sub-sectors such as special steel down 2.10%, long products down 1.88%, and flat products down 3.84% [2][5] - Iron ore and steel consumables sectors also saw declines of 1.74% and 3.02% respectively, while the trade circulation sector fell by 4.006% [2][5] Supply Situation - As of February 6, the capacity utilization rate of blast furnaces in sample steel enterprises was 85.7%, an increase of 0.22 percentage points week-on-week [2] - Electric furnace capacity utilization was at 48.1%, a decrease of 7.59 percentage points week-on-week [2] - The production of five major steel products was 7.208 million tons, a week-on-week decrease of 15,500 tons [2] - Daily average pig iron production was 2.2858 million tons, an increase of 6,000 tons week-on-week and 1,400 tons year-on-year [5] Demand Situation - The consumption of five major steel products was 7.607 million tons, a week-on-week decrease of 410,800 tons, or 5.12% [2] - Mainstream traders' sales volume of construction steel was 35,000 tons, down 32,500 tons week-on-week, representing a 48.24% decline [2] Inventory Situation - As of February 6, social inventory of five major steel products was 9.404 million tons, an increase of 496,800 tons week-on-week, or 5.58%, but down 18.04% year-on-year [3][5] - Factory inventory of five major steel products was 3.973 million tons, an increase of 95,600 tons week-on-week, or 2.47%, and down 24.13% year-on-year [3][5] Steel Prices & Profits - As of February 6, the comprehensive index for ordinary steel was 3,414.2 yuan/ton, a week-on-week decrease of 13.31 yuan/ton, or 0.39%, and down 5.51% year-on-year [3] - The comprehensive index for special steel was 6,582.0 yuan/ton, a week-on-week decrease of 2.28 yuan/ton, or 0.03%, and down 2.88% year-on-year [3] - The profit for rebar from blast furnaces was 65 yuan/ton, an increase of 14.0 yuan/ton week-on-week, or 27.45% [3] - The profit for construction steel from electric furnaces was -76 yuan/ton, an increase of 4.0 yuan/ton week-on-week, or 5.00% [3] Raw Material Situation - As of February 6, the spot price index for Australian powder ore (62% Fe) at Rizhao Port was 764 yuan/ton, a week-on-week decrease of 29.0 yuan/ton, or 3.66% [4] - The price for main coking coal at Jingtang Port was 1,700 yuan/ton, a week-on-week decrease of 80.0 yuan/ton [4] - The average available days of iron ore for sample steel enterprises was 31.29 days, an increase of 2.6 days week-on-week [4] Investment Recommendations - The steel sector is expected to have strong "anti-involution" characteristics and significant profit recovery potential, with high-quality steel companies likely to see performance improvements [6][7] - Key companies to focus on include regional leaders with advanced equipment and environmental standards, as well as those benefiting from the new energy cycle [7]