Industry and Company Summary Industry: Lithium Battery and Energy Storage Key Points - **National Capacity Pricing Policy**: The introduction of the national capacity pricing policy is expected to increase the Internal Rate of Return (IRR) for energy storage by over 3%, with more provinces expected to adopt energy storage solutions by 2026 [1] - **Lithium Battery Production**: In February, lithium battery production is projected to decrease by over 10%, indicating that the production season is not as weak as anticipated [1] - **Sodium Battery Testing**: Ningde has initiated winter testing for multiple automotive companies regarding sodium batteries, with expectations for mass shipments in Q2 [1] - **Investment Focus**: The preferred investment hierarchy is as follows: energy storage cells (Penghui) > lithium iron phosphate cathodes > energy storage integration (Haibo) > separators (Enjie), copper and aluminum foils (Nord and Dingsheng) [1] Industry: Sodium Battery and Lithium Carbonate Key Points - **Lithium Carbonate Price Adjustment**: Following a price adjustment, there is a strong expectation for a new upward trend in lithium carbonate prices, with downstream procurement becoming more active after recent price drops [2] - **Wind Power Sector Performance**: The wind power sector has seen numerous earnings forecasts that fell short of expectations due to a decline in Q4 shipment volumes and year-end impairments, indicating a confirmed bottom for the main engine sector [2] - **Investment Recommendations**: Recommended stocks include Jinlei Co., Daikin Heavy Industries, and major turbine manufacturers (Goldwind, SANY, Yunda, Mingyang) [2] Industry: Photovoltaics Key Points - **Space Photovoltaics**: SpaceX's application to deploy 1 million satellites to create a space data center reinforces the logic behind space photovoltaics [3] - **Cost Reduction in Battery Production**: The high price of silver and technological breakthroughs have led to an average cost reduction of over 0.15 CNY/W in copper-based batteries, indicating a potential explosion in the no-silver production sector [3] - **Investment Focus in Photovoltaics**: The preferred investment hierarchy includes equipment manufacturers (Liancheng, Lap, Maiwei, Yujing) and battery and auxiliary material producers (Bojian, Foster, Kaisheng, Juhua, Dike, Risheng, Junda) [3] Industry: AIDC (Artificial Intelligence Data Center) Key Points - **New Bidding Round**: The domestic supply chain is entering a new round of bidding, with ByteDance shifting its bidding focus to high-voltage direct current solutions [3] - **NVIDIA Certification**: NVIDIA's GB300 liquid cooling certification is tightening, which may lead future investments to focus on core components and ASIC overflow [3] - **Increased Production Capacity**: The production capacity of Yingweike's QD is expected to increase by 20 times in Q1, strengthening ties with the NVIDIA ecosystem [3]

Group 1 - The market is currently experiencing a trend of upward movement followed by narrow fluctuations, with volatility initially rising and then declining, indicating a need for digestion of previous gains [1] - The ETF outflows, particularly from the CSI 300, have put pressure on broad indices, with large-cap stocks underperforming compared to small-cap stocks [1] - There is an acceleration in thematic rotation, with some themes experiencing sharp rises and subsequent pullbacks, suggesting a short-term advantage for small-cap and growth stocks, but a need for rebalancing in the future [1] Group 2 - The gold stock recommendation logic for February 2026 includes companies benefiting from AI upgrades, solid growth in nickel powder business, and strong positions in the photovoltaic and alloy powder sectors [17] - Specific companies highlighted include BQX New Materials, which is expected to see rapid growth due to a significant expansion in production capacity and strong demand from major clients [17] - Industrial Fulian is noted for its deep integration with leading clients in the AI server market, with expectations of maintaining high growth rates due to its comprehensive supply chain capabilities [17] Group 3 - Financial data for the recommended stocks shows significant expected growth in earnings per share (EPS) for companies like BQX New Materials and Industrial Fulian, with projected EPS increasing from 0.33 to 2.09 and from 1.17 to 3.27 respectively from 2024 to 2026 [19] - The price-to-earnings (PE) ratios for these companies are also projected to decrease significantly, indicating potential for upward valuation adjustments [19] - Tencent Holdings is expected to see strong growth in advertising revenue and new game releases, contributing to its overall performance in 2026 [18]

Core Viewpoint - The energy metals sector experienced a decline of 1.24% on January 29, with Yongshan Lithium Industry leading the drop. The Shanghai Composite Index rose by 0.16%, while the Shenzhen Component Index fell by 0.3 [1]. Group 1: Market Performance - The closing price of the Shanghai Composite Index was 4157.98, and the Shenzhen Component Index closed at 14300.08 [1]. - Key stocks in the energy metals sector showed mixed performance, with notable gainers including Boqian New Materials (+2.40%) and Zangge Mining (+2.02%), while Yongshan Lithium Industry led the decline at -4.00% [1][2]. Group 2: Trading Volume and Value - Boqian New Materials had a trading volume of 154,800 shares and a transaction value of 1.432 billion yuan, while Zangge Mining had a volume of 270,000 shares and a value of 2.464 billion yuan [1]. - The overall trading volume and value for the energy metals sector indicated significant activity, with major stocks like Ganfeng Lithium and Huayou Cobalt also contributing to the sector's dynamics [1][2]. Group 3: Capital Flow - The energy metals sector saw a net outflow of 1.208 billion yuan from institutional investors, while retail investors contributed a net inflow of 994 million yuan [2][3]. - Specific stocks like Zangge Mining and Boqian New Materials experienced varying levels of net inflow and outflow from different investor categories, indicating diverse investor sentiment [3].

证券之星消息，1月28日能源金属板块较上一交易日上涨1.82%，博迁新材领涨。当日上证指数报收于 4151.24，上涨0.27%。深证成指报收于14342.9，上涨0.09%。能源金属板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 605376 | 博迁新材 | 89.54 | 7.23% | 16.80万 | | 14.53亿 | | 300618 | 塞锐钻业 | 54.03 | 6.95% | 34.64万 | | 18.30亿 | | 301219 | 腾远钻业 | 79.19 | 4.68% | 16.62万 | | 12.97亿 | | 6633209 | 永杉锂业 | 12.25 | 4.61% | 31.84万 | | 3.82亿 | | 600711 | 盛电矿业 | 18.26 | 4.52% | 200.27万 | | 35.95 Z | | 603799 | 华友钻业 | 80.76 | 3.34% | 81.20万 | | 64.6 ...

博迁新材25年预告：业绩翻倍，MLCC+铜粉双擎驱动 # 申万电新 财务： 预计25年归母净利2.0-2.4亿元(+129%-174%)，扣非1.9-2.28亿元(+160%-212%)。 Q4单季0.48-0.88亿元出货顺畅，产品向高规格升级，盈利能力显著修复。 MLCC业务：AI算力拉动+大单落地，26年量价齐升 1）需求： AI芯片算力升级带动高端MLCC用纳米镍粉需求超预期，加上消费电子复苏，景气度上行 2）订单： 三星50亿大单落地，核心客户同步加单，验证高端粉体统治力 博迁新材25年预告：业绩翻倍，MLCC+铜粉双擎驱动 # 申万电新 财务： 预计25年归母净利2.0-2.4亿元(+129%-174%)，扣非1.9-2.28亿元(+160%-212%)。 Q4单季0.48-0.88亿元出货顺畅，产品向高规格升级，盈利能力显著修复。 MLCC业务：AI算力拉动+大单落地，26年量价齐升 1）需求： AI芯片算力升级带动高端MLCC用 3）趋势：2026年板块有望"量价齐升"，提供稳健高增基本盘。 光伏铜粉：铜代银0-1突破，独家供应打开空间 1）突破： 铜代银在BC电池落地，成本较银浆降0.15元 ...

证券代码： 605376 证券简称：博迁新材 公告编号：2026-004 江苏博迁新材料股份有限公司 第四届董事会第二次会议决议公告 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。 一、董事会会议召开情况： 江苏博迁新材料股份有限公司(以下简称"公司")第四届董事会第二次会议于2026年1月27日以通讯方式 召开。本次会议于2026年1月22日以邮件送达的方式通知了全体董事。会议应出席董事9人，实际出席董 事9人，公司高级管理人员列席了此次会议。会议由董事长王利平召集和主持，召集和召开的程序符合 《中华人民共和国公司法》及公司章程的规定。 二、董事会会议审议情况： 登录新浪财经APP 搜索【信披】查看更多考评等级 （一）审议通过《关于公司计提资产减值准备的议案》 本议案已经公司第四届董事会审计委员会第一次会议审议通过。 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）及指定信息披露媒体披露的《江苏博 迁新材料股份有限公司关于计提资产减值准备的公告》（公告编号：2026-005）。 表决结果：9票赞成，0 ...

（记者 曾健辉） 每经头条（nbdtoutiao）——国际金价冲破5000美元！7年涨了280%，什么时候才见顶？专家：关键还 看美元，重点关注国际货币体系、降息和科技革命 每经AI快讯，博迁新材1月27日晚间发布公告称，本次计提资产减值准备计入公司2025年度当期损益， 将减少公司2025年度合并报表利润总额1327.36万元。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 ...

证券日报网讯 1月27日，博迁新材发布公告称，公司预计2025年度实现归属于母公司所有者的净利润为 20，000.00万元到24，000.00万元，与上年同期相比，预计增加11，252.41万元到15，252.41万元，同比 增长128.63%到174.36%。 （文章来源：证券日报） ...

资金面上，该股今日主力资金净流入4853.24万元，近5日资金净流入3.72亿元。最新（1月26日）两融余 额4.94亿元，其中，融资余额4.89亿元，环比前一交易日增长6.03%，近5日融资余额累计增长40.94%。 （数据宝） （文章来源：证券时报网） 博迁新材（605376）1月27日发布2025年业绩预增公告，预计实现净利润为2.00亿元~2.40亿元，净利润 同比增长128.63%~174.36%。 证券时报·数据宝统计显示，博迁新材今日收于83.50元，上涨5.96%，日换手率为4.88%，成交额为10.51 亿元，近5日上涨12.85%。通过对2025年业绩预增50%以上的个股走势进行统计发现，预告发布后当日 股价上涨的占比60.00%，股价发布当日股价涨停的有12家。预告发布后5日股价上涨的占比60.00%。 ...

（记者 曾健辉） 每经AI快讯，博迁新材1月27日晚间发布业绩预告，预计2025年度实现归属于母公司所有者的净利润为 2亿元到2.4亿元，与上年同期相比，预计增加约1.13亿元到约1.53亿元，同比增长128.63%~174.36%。业 绩变动主要原因是，报告期内，公司主营产品镍粉的主要下游MLCC 市场由"规模增长"向"规格升级"演 进，行业景气度持续回升，叠加AI 服务器等终端设备对高性能MLCC的需求增加，带动公司高端镍粉 出货量增长，产品结构明显改善。因此，公司归属于上市公司股东净利润较去年同期上升50%以上。 每经头条（nbdtoutiao）——国际金价冲破5000美元！7年涨了280%，什么时候才见顶？专家：关键还 看美元，重点关注国际货币体系、降息和科技革命 ...