证券代码：600884 证券简称：杉杉股份 公告编号：2026-006 宁波杉杉股份有限公司 关于控股股东部分股份解除标记、轮候冻结生效和被 轮候冻结情况的公告 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。 宁波杉杉股份有限公司（下称"公司"）于 2024 年 10 月 9 日在上海证券交 易所网站发布了《关于控股股东部分股份被冻结和标记的公告》（公告编号：临 2024-066），披露了控股股东杉杉集团有限公司（下称"杉杉集团"）所持公司部 分股份被浙江省杭州市上城区人民法院司法标记的情况。 近日，公司获悉上述股份已被浙江省杭州市上城区人民法院解除司法标记， 且其司法标记解除后，四川省眉山市中级人民法院的轮候冻结已自动生效。此外， 公司间接控股股东杉杉控股有限公司（下称"杉杉控股"）持有的公司股份发生 被轮候冻结的情况。现将有关事项公告如下： | 股东名称 | | 占其所 | 占公司 | 冻结/ 标记股 | | | | 冻结原 因 | | --- | --- | --- | --- | --- | --- | --- | - ...

| 中微公司 | 5.99 | 5.57亿元 | 电子 | | --- | --- | --- | --- | | 杉杉股份 | 9.96 | 5.09亿元 | 电力设备 | | 华友钻业 | 5.88 | 4.83亿元 | 有色金属 | | 云南错业 | 10.01 | 4.68亿元 | 有色金属 | | 金风科技 | 4.64 | 4.68亿元 | 电力设备 | | 紫金矿业 | 1.14 | 4.24亿元 | 有色金属 | | 有研新材 | 10 | 4.12亿元 | 电子 | | 中钨高新 | 10 | 4.11亿元 | 有色金属 | | 拓荆科技 | 10.72 | 4.08亿元 | 电子 | *数据仅供参考，不构成投资建议 据交易所数据显示，截至2月25日午后一小时，主力资金流入前20的股票分别为： 北方稀土（30.50亿元）、 胜宏科技（17.73亿元）、 包钢股份（17.03亿 元）、 航天发展（14.72亿元）、 工业富联（13.75亿元）、 沪电股份（9.39亿元）、 菲利华（7.25亿元）、 新易盛（6.84亿元）、 神剑股份（6.76亿元）、 盛和资源（5.97亿元）、 中国稀土（5. ...

此次业绩实现扭亏为盈的核心原因是公司核心业务负极材料和偏光片业务的稳健增长与盈利提升。2025 年度两大核心业务合计预计实现净利润9.0亿~11.0亿元。负极材料业务充分受益于下游新能源汽车及储 能市场的旺盛需求，销量显著提升，同时通过发挥一体化基地产能优势，整体利润大幅提升。偏光片业 务以产品高端化、运营精细化驱动规模与盈利能力双提升，同时降本增效与产品结构升级形成合力带动 毛利率提升。 中化新网讯 近日，杉杉股份发布2025年度业绩预盈公告，预计实现归属于上市公司股东的净利润4.0亿 ~6.0亿元，归属于上市公司股东的扣除非经常性损益后的净利润3.0亿~4.5亿元。 ...

从锂电新材料的技术攻坚到民生食品的保供稳价，从项目建设的日夜兼程到服务保障的精准高效，彭山 经开区正以"建圈强链"为主线，深化"智改数转"，持续优化营商环境，创新"产业生态+政务服务"新模 式，让春节不停产、开工即冲刺成为高质量发展的生动注脚。新的一年，这片充满活力的热土将持续释 放产业集聚效应，持续跑出项目建设和产业发展加速度，以实干实绩书写工业经济高质量发展新篇章， 为区域经济高质量发展贡献更大力量。 （图/文 陈柯源 王建明） 作为国家绿色工业园区、四川省"5+1"重点特色园区，彭山经开区始终坚持产业兴园、实干兴区，目前 已累计引进工业项目116个，协议总投资约647亿元，聚集世界500强企业5家、高新技术企业38家，成功 构建起协作半径不足5公里的锂电全产业链，2024年锂电产业产值增速达60%，占全市锂电产业总产值 的45%，成功入选"全国锂电材料产业发展潜力十强县"。按照规划，2025年彭山区属规上工业产值预计 达224亿元，规上工业增加值增长16.5%以上，"1+3"主导产业产值将突破200亿元，持续夯实工业经济 发展根基。 不远处的四川顿威新材料有限公司内，最后一批核心设备吊装入场的轰鸣声划破 ...

Core Viewpoint - The restructuring of the controlling shareholder of Shanshan Co., Ltd. will lead to a change in actual control to the Anhui Provincial State-owned Assets Supervision and Administration Commission, which may indirectly affect the long-term positioning and capital attention of the Shanshan brand due to potential resource integration or strategic adjustments within the group [1]. Performance and Business Situation - Shanshan brand's mid-term performance shows a year-on-year revenue decrease, with net profit slightly declining, primarily due to the closure of inefficient stores and optimization of live-streaming business. It is essential to monitor whether the annual financial report will continue the contraction strategy and signal profit improvement [1]. Stock Recent Trends - As of recent data, Shanshan brand's stock price is reported at HKD 0.95, with a 7-day volatility of 8.51%. The MACD histogram is in the negative zone, indicating weak short-term momentum. If trading volume increases or breaks through the middle track of the Bollinger Bands, it may reflect changes in market sentiment [1]. Future Development - Currently, there are no significant announcements for Shanshan brand, and its stock price fluctuations are mainly influenced by the sentiment in the Hong Kong apparel sector and the restructuring progress of Shanshan Co., Ltd. Investors need to distinguish the operational differences between Shanshan brand and Shanshan Co., Ltd. [2].

Core Insights - The nano-diamond market in China is projected to grow from 173.12 million yuan in 2016 to 298 million yuan in 2024, with a compound annual growth rate (CAGR) of 7.02% [1][12] - The industry is expected to reach a market size of approximately 31.89 million yuan by 2025, driven by advancements in synthesis technology and increasing demand from high-end manufacturing, new energy, and electronic information sectors [1][12] - The future of the nano-diamond industry is anticipated to focus on high performance, green development, and collaborative industrial ecosystems [1][12] Industry Overview - Nano-diamonds are non-metal materials composed of sp³ hybridized carbon atoms, exhibiting exceptional hardness, high thermal conductivity, and biocompatibility [3] - They can be synthesized through various methods, including high-temperature high-pressure and detonation techniques, and are categorized into single-dispersed nano-diamond particles and nano-diamond polycrystals [3][9] Market Dynamics - The demand for nano-diamonds is increasing due to the rising performance requirements in downstream industries such as high-end manufacturing and new energy [1][12] - The industry is supported by national policies that encourage the development of new functional materials, including nano-diamonds [7][8] Application Areas - Nano-diamonds have diverse applications across various fields, including: - As additives in metal coatings to enhance part lifespan by 1-9 times and reduce coating thickness by over 50% [5] - In catalysis to improve propane dehydrogenation selectivity and stability in redox reactions [5] - As lubricating oil additives to decrease friction loss by 30-40% [5] - In aerospace for turbine blade coatings and composite material reinforcement [5] - In medicine as drug carriers and fluorescent probes for targeted tumor therapy and in vivo imaging [5] Industry Chain - The upstream of the nano-diamond industry includes raw materials like graphite and methane, as well as equipment for synthesis [9] - The midstream consists of nano-diamond synthesis and processing companies, while the downstream encompasses applications in abrasives, lubricants, aerospace, metal coatings, and medical fields [9][10] Competitive Landscape - The nano-diamond industry in China features several key players, including: - Huifeng Diamond, specializing in synthetic single crystal diamond powder [13] - Sifangda, focusing on superhard materials and related products [15] - The competition is intensifying, with companies emphasizing technological innovation, brand building, and market expansion [13][15] Future Trends - The nano-diamond industry is expected to expand its application scenarios and innovate functionalities, moving from traditional uses to high-value fields such as biomedical, quantum information, and advanced manufacturing [16] - There will be a focus on optimizing synthesis processes for precision control, scalability, and environmental friendliness [17] - Cross-disciplinary integration and collaboration between academia and industry will enhance innovation and facilitate the transition of nano-diamonds from laboratory to industrial application [19]

Group 1 - The U.S. Department of Commerce has imposed anti-dumping tariffs exceeding 160% on Chinese graphite, with specific companies facing a 93.5% tariff, while others face rates of 102.72% plus additional countervailing duties [1][3] - The tariffs are justified by claims of "unfair subsidies" and "low-price dumping," which are viewed skeptically even within the U.S. [3] - The initial push for these tariffs came from a temporary alliance of U.S. active anode material producers, who had originally sought a 920% tariff [5] Group 2 - The U.S. is heavily reliant on Chinese imports for graphite, with 59% of natural graphite and 68% of synthetic graphite sourced from China, indicating a significant dependency [9] - The imposition of tariffs is expected to increase the cost of electric vehicle batteries, with estimates suggesting an additional $7 per kilowatt-hour due to the tariffs [11] - The conflicting actions of the U.S. government, with tariffs being imposed while President Trump expresses a desire for cooperation with China, highlight internal divisions within U.S. policy [13][15] Group 3 - The tariffs are seen as a strategic move to test China's response and potentially use them as leverage in upcoming negotiations [17] - The internal conflict between hawkish and pragmatic factions in the U.S. government is evident, with hawks pushing for tariffs while pragmatists recognize the risks of dependency on Chinese graphite [19] - China's response to U.S. tariffs may include accelerating its global expansion in graphite production, with companies like Sanyuan and BTR establishing operations in countries like Finland and Indonesia [20] Group 4 - The global demand for graphite is projected to quadruple by 2040, emphasizing China's dominant position in the market, which cannot be easily undermined by tariffs [22] - The U.S. risks losing out on opportunities for green transition by pursuing protectionist measures, which could lead to higher costs for its own industries [22] - The Chinese government has indicated that it will respond to U.S. tariffs with countermeasures, emphasizing the importance of mutual respect in trade relations [24][26]

Core Viewpoint - Shanshan Co., Ltd. is experiencing a strong rebound in performance despite internal family disputes and ongoing bankruptcy restructuring, with projected net profits of approximately 400 million to 600 million yuan for 2025, indicating a turnaround from losses [2][3]. Business Analysis - The company's two main business segments, anode materials and polarizers, have both seen improved sales due to increased demand from the automotive and energy storage markets, as well as effective management and technological advancements [3][4]. - The anode materials segment has benefited from orders from lithium battery manufacturers, while the polarizer business has maintained stability, particularly in the large-size television market, contributing significantly to revenue [3][4]. - A strategic acquisition in 2020 of LG Chem's polarizer business for 1.1 billion USD has greatly enhanced domestic production capabilities, increasing the self-sufficiency rate of polarizer products in China from less than 10% to 45% [4]. Organizational Stability - Internal power struggles within the family are not expected to have a fatal impact on the company, as external shareholders and management are likely to provide stability during this transition [6]. - The company has shown resilience and adaptability, with a focus on core business operations and efficiency improvements, which are crucial for navigating the current market challenges [7][8]. - Leadership changes and the appointment of experienced personnel are part of the strategy to enhance cost control and operational efficiency, indicating a collective effort beyond the founder's influence [7][8]. Innovation and Future Outlook - Shanshan Co., Ltd. continues to prioritize innovation, particularly in the development of next-generation silicon-carbon anode materials and expanding its global presence [8]. - The company is also shifting its technological advantages from LCD to emerging markets such as OLED and automotive displays, positioning itself for future growth [8]. - The current performance rebound suggests that as long as the company maintains its foundational strengths, it can navigate through challenges and achieve sustainable operations [9].

Group 1 - The controlling shareholder of Ningbo Shanshan Co., Ltd., Shanshan Group, and its wholly-owned subsidiary, Ningbo Pengze Trading Co., Ltd., have been ordered to undergo substantive consolidation reorganization by the Ningbo Yinzhou District People's Court on March 20, 2025 [1] - On February 6, 2026, the company signed a reorganization investment agreement with the court-appointed administrator and reorganization investors [1] - The fourth creditors' meeting for the bankruptcy reorganization case is scheduled for March 2, 2026, to be held online [1] Group 2 - According to the reorganization investment agreement, the reorganization investors will control 21.88% of the voting rights of Shanshan Co., Ltd. through direct stock acquisition and concerted action arrangements [2] - If the reorganization is successful, the controlling shareholder will change to Anhui Wanwei Group Co., Ltd., and the actual controller will change to the State-owned Assets Supervision and Administration Commission of Anhui Province [2] - The outcome of the reorganization remains uncertain as the reorganization plan draft needs to be approved by the creditors' meeting and the court [2] Group 3 - The company emphasizes that there are currently no non-operating fund occupations or illegal guarantees harming the interests of the listed company by the controlling shareholder [2] - The company maintains independent business operations and has not experienced significant adverse effects on its daily operations due to the ongoing reorganization [2] - The company will continue to monitor the situation and fulfill its information disclosure obligations in accordance with relevant laws and regulations [2]

宁波杉杉股份有限公司 关于控股股东重整的进展公告 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。 宁波杉杉股份有限公司（下称"公司"）的控股股东杉杉集团有限公司（下 称"杉杉集团"）及其全资子公司宁波朋泽贸易有限公司（下称"朋泽贸易"，与 杉杉集团合称"债务人"）于 2025 年 3 月 20 日被浙江省宁波市鄞州区人民法院 （下称"鄞州法院"）裁定进行实质合并重整，并于 2026 年 2 月 6 日和法院指定 的管理人以及重整投资人签署了《重整投资协议》。现将最新重整进展情况公告 如下： 证券代码：600884 证券简称：杉杉股份 公告编号：2026-005 一、控股股东重整进展情况 1 泽贸易后续能否重整成功尚存在不确定性。公司将持续关注上述事项的进展，严 格按照相关法律、法规及规范性文件的要求及时履行信息披露义务。 目前，公司控股股东不存在非经营性资金占用、违规担保等侵害上市公司利 益的情形。公司具有独立完整的业务及自主经营能力，公司与控股股东在资产、 业务、财务等方面均保持独立。目前公司生产经营一切正常，本次事项目前未 ...