内容概况：再生银是指从含银废杂物料中回收并重新提炼的银。这些废旧材料可能来自照像业、首饰 业、电子电器工业及医疗业等等。经过分类、清洗、熔炼等多个环节，银被提取并重新加工，成为可以 再次使用的材料。再生银是白银产业链中重要一环。全球白银供给呈现"矿山为主、回收为辅"的格局， 白银独立原生矿少，全球超80%矿山白银储量伴随金、铜、铅锌等矿产存在，这也导致白银供应高度依 赖主金属开采节奏，新增产能周期长。在原料紧张背景下，再生银成为重要补充来源，已成为白银供应 体系中的重要组成部分。整体来看，随着回收技术的进步、回收体系的完善，全球再生银产量由2016年 的4861吨增长至2025年的6009吨，占白银总供应量比重也由14.8%提升至18.7%。2024年全球再生银行 业产量前五国家分别为美国、中国、印度、德国、俄罗斯，产量分别为1572吨、1233吨、533吨、377 吨、332吨。中美两国拥有庞大的工业体系，既是白银消费主要国，也是白银回收大国，不仅产量位居 全球前列，回收技术也处于行业先进水平。印度作为银饰大国，再生银产量位居第三。全球再生银主要 来源于感光材料、电子产品、催化剂和银饰品回收等，其中工业为主 ...

证券代码：002340 证券简称：格林美 公告编号：2026-018 登录新浪财经APP 搜索【信披】查看更多考评等级 格林美股份有限公司 关于新增投资者联系邮箱的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 为进一步加强格林美股份有限公司（以下简称"公司"）与全球投资者的联系，积极践行"以投资者为 本"的上市公司发展理念，保护好全球投资者利益，公司现新增一个投资者联系邮箱，详情如下： ■ 上述新增不涉及对《公司章程》的修订及工商登记事宜。自本公告披露之日起，新增投资者联系邮箱正 式启用，原投资者联系邮箱持续有效，欢迎全球投资者积极与公司沟通交流。除上述新增外，公司办公 地址、联系电话、传真等其他联系方式均保持不变，具体情况如下： 办公地址：深圳市宝安区新安街道海旺社区宝兴路88号星通大厦43楼 联系电话：0755-33386666 传真：0755-33895777 特此公告！ 格林美股份有限公司 董事会 二〇二六年二月十三日 证券代码：002340 证券简称：格林美 公告编号：2026-019 格林美股份有限公司 关于设立全球投资者接待日的公告 本公 ...

Group 1 - The core point of the news is that under Indonesia's tightening nickel supply policy, the joint venture PT Weda Bay Nickel has received preliminary notification from Indonesian authorities to submit an annual work plan and budget with a production quota of 12 million tons, significantly down from previous approvals [1][3] - The initial work plan approved for 2025 was 32 million tons, which was later raised to 42 million tons, indicating a reduction of over 71% in the current year's mining quota [3][4] - Indonesia is the world's largest nickel producer, and the annual work plan and budget (RKAB) must be approved by the government to regulate production quotas and operational arrangements [3][4] Group 2 - The Indonesian government plans to set the total nickel mining production quota for 2026 between 260 million and 270 million tons, which is a decrease of about 30% compared to 379 million tons in 2025 [4][5] - Analysts suggest that Indonesia's policy aims to "raise resource value" by tightening nickel supply to increase prices and attract more investors, especially in light of recent low nickel prices [5][6] - There is a projected gap of 30 million to 40 million tons in nickel supply for 2026, indicating a potential shift from a relatively loose market in 2025 to a systemic shortage if the Indonesian Ministry of Energy and Mineral Resources does not approve additional quotas [5][6] Group 3 - Companies like Greenmei have responded to the tightening supply by terminating plans for capital increases in their Indonesian subsidiary, which has a production capacity of 50,000 tons of high-nickel battery precursor materials [6][7] - Greenmei has secured long-term supply agreements with major nickel suppliers in Indonesia to ensure production needs are met despite the reduced quotas [6][7] - Huayou Cobalt has also indicated that its nickel supply will be secured through joint ventures and long-term supply agreements, with market-based procurement as a supplement [6][7] Group 4 - Despite expectations of supply shortages, nickel prices have not shown a sustained upward trend recently, with the main contract on the Shanghai Futures Exchange dropping by 3.66% to 135,200 yuan per ton [8][9] - Analysts note that while nickel prices have begun to rise, the market is still experiencing a slight supply-demand gap, suggesting a potential upward trend in prices over the long term [9]

为进一步加强格林美股份有限公司（以下简称"公司"）与全球投资者的联 系，积极践行"以投资者为本"的上市公司发展理念，保护好全球投资者利益， 公司现新增一个投资者联系邮箱，详情如下： 证券代码：002340 证券简称：格林美 公告编号：2026-018 格林美股份有限公司 关于新增投资者联系邮箱的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 | 新增事项 | 新增前 | 新增后 | | --- | --- | --- | | 投资者联系邮箱 | info@gem.com.cn | info@gem.com.cn | | | | ir@gem.com.cn（新增） | 格林美股份有限公司董事会 上述新增不涉及对《公司章程》的修订及工商登记事宜。自本公告披露之日 起，新增投资者联系邮箱正式启用，原投资者联系邮箱持续有效，欢迎全球投资 者积极与公司沟通交流。除上述新增外，公司办公地址、联系电话、传真等其他 联系方式均保持不变，具体情况如下： 二〇二六年二月十三日 办公地址：深圳市宝安区新安街道海旺社区宝兴路88号星通大厦43楼 联系电话：0755-333866 ...

证券代码：002340 证券简称：格林美 公告编号：2026-019 格林美股份有限公司 关于设立全球投资者接待日的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 为便于全球投资者全面、深入地了解格林美股份有限公司（以下简称"公司"） 的战略发展规划和生产经营情况，积极践行"以投资者为本"的上市公司发展理 念，提升公司价值，保护好全球投资者权益，公司决定设立全球投资者接待日， 每月召开一次全球投资者接待日活动，现将有关情况公告如下： 3、召开地点：公司深圳总部、荆门园区、武汉园区、无锡园区、印尼园区， 具体以每个月实际召开地点为准。 4、以上召开时间如处于公司定期报告、业绩预告、业绩快报及其他重大事 项等信息披露敏感期间，公司不接待投资者来访，请广大投资者予以理解与配合。 二、公司出席人员 公司董事会代表、高管代表，具体人员以实际出席为准。 三、投资者参加方式及问题征集 为方便投资者了解并报名参加每月召开的投资者接待日活动，请有意参与活 动的投资者通过扫描下方二维码关注"GEM 格林美"微信公众号。公司将在每 月 5 日前在"GEM 格林美"微信公众号上 ...

龙头动态：年末业绩亮眼，产能布局提速 镍相关龙头企业年末表现突出：格林美2025年净利预增40%-70%，印尼镍项目全面达产，动力电池回收 业务量价齐升；华友钴业净利预增40.8%-55.24%，印尼湿法镍项目成本优势显著，镍产品营收同比大 增，两家企业均凭借一体化布局对冲价格波动风险。 节前操作+春节前瞻：规避风险，紧盯三大变量 ccmn沪镍走势：今日午盘后沪期镍震荡下跌，沪期镍主力月2603合约开盘报138100元/吨，盘中最高报 138680元/吨，最低价报134000元/吨，收盘报135190元/吨，下跌5130元/吨，跌幅为3.66%，沪镍主力月 2603主力合约成交量370679手。 节前行情把握：短期镍价受宏观情绪主导，建议轻仓观望，规避春节长假不确定性，不盲目抄底。春节 假期重点关注三大变量：美联储政策信号、印尼镍矿配额落地情况、海外美股及美元走势；前瞻节后交 易，需重点跟踪国内下游复工需求复苏节奏，提前布局供需边际变化节点。 据长江有色属网统计：2月13日ccmn长江综合1#镍价135250元/吨-144850元/吨，均价报140050元/吨，较 前一日价格下跌5300元，长江现货1#镍报1 ...

Group 1 - The main stocks with significant capital outflows include Xinyi Technology (-8.52 billion), Zhongji Xuchuang (-7.46 billion), and Shenghong Technology (-7.05 billion) [1] - Other notable stocks with capital outflows are Light Media (-6.74 billion), China Duty Free Group (-5.71 billion), and Zhongwen Online (-5.64 billion) [1] - Guizhou Moutai experienced a capital outflow of -5.61 billion, while Aerospace Electronics saw -5.46 billion [1] Group 2 - The stock performance shows that Xinyi Technology had a decline of -0.31%, and Zhongji Xuchuang decreased by -0.17% [2] - Light Media faced a significant drop of -10.8%, while Zhongwen Online fell by -6.91% [2] - Guizhou Moutai's stock decreased by -1.42%, and Aerospace Electronics dropped by -2.33% [2] Group 3 - Other companies with notable capital outflows include Agricultural Bank (-4.80 billion) and China Satellite (-4.79 billion) [3] - Industrial Fulian had a slight decline of -0.24%, while Xian Dao Intelligent saw a minimal change of -0.05% [3] - The overall trend indicates a significant capital outflow from various sectors, including telecommunications, media, and banking [1][2][3]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002340 证券简称：格林美 公告编号：2026-016 第七届董事会第十一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、董事会会议召开情况 格林美股份有限公司（以下简称"公司"）第七届董事会第十一次会议通知已于2026年2月7日，分别以书 面、传真或电子邮件等方式向公司全体董事发出，会议于2026年2月11日在公司会议室以现场和通讯表 决方式召开。本次会议应参加会议的董事6人，实际参加会议的董事6人。出席会议的人数超过董事总数 的二分之一，表决有效。会议由公司董事长许开华先生主持，会议召开的时间、地点及方式均符合《中 华人民共和国公司法》及《公司章程》的有关规定。 格林美股份有限公司 二、董事会会议审议情况 （一）会议以6票同意、0票反对、0票弃权，审议通过了《关于终止全资下属公司增资扩股实施股权改 组暨关联交易的议案》。 《关于终止全资下属公司增资扩股实施股权改组暨关联交易的公告》详见公司指定信息披露媒体《中国 证券报》《证券时报》《上海证券报》《证券日报》和巨潮资讯网（h ...

Market Overview - A-shares showed mixed performance with the Shanghai Composite Index closing at 4131.99 points, up 0.09%, while the Shenzhen Component Index fell by 0.35% and the ChiNext Index dropped by 1.08% [1] - The total market turnover was approximately 2 trillion yuan, a decrease of 123.7 billion yuan compared to the previous trading day, with over 2000 stocks rising, including 60 stocks hitting the daily limit [1] Sector Performance - The small metals sector led the gains, with stocks like Dongfang Tantalum, Zhongtung High-tech, and Zhangyuan Tungsten hitting the daily limit [1] - Other sectors that saw gains included energy metals, oil and gas extraction and services, and chemical fibers [1] - Conversely, sectors such as film and television, short drama games, and cultural media experienced significant declines [1] Historical Highs - A total of 51 stocks reached historical closing highs, excluding newly listed stocks from the past year [2] - The mechanical equipment, electronics, and basic chemicals industries had a concentration of stocks reaching new highs, with 10, 9, and 7 stocks respectively [2] - The average price increase for stocks that reached historical highs was 5.43%, with notable gainers including International Composite Materials, Jujie Microfiber, and Honghe Technology [2] Institutional Activity - In the Dragon and Tiger List, 10 stocks were net bought by institutions, with 8 stocks seeing net purchases exceeding 10 million yuan [4] - The top net buy was Jiechuan Shares with 178 million yuan, followed by Green Beauty with 90.88 million yuan [4] - On the sell side, Xiexin Integration faced the highest net sell at 141 million yuan, followed by Juyi Sockets and Huanrui Century [4] Northbound Capital Flow - 11 stocks received net purchases from northbound funds, with the highest being Zhongwen Online at 187 million yuan [7] - Conversely, 10 stocks experienced net selling, with Zhongtung High-tech leading at 147 million yuan [7] Company Announcements - Tianji Shares is under investigation by the Securities Regulatory Commission for suspected information disclosure violations, despite a 7.06% increase in stock price [9] - Top Group expects a 3%-13% decline in net profit for 2025 due to raw material price fluctuations and increased market competition [9] - New Sharp Shares plans to acquire 70% of PCB tool company Huilian Electronics for no more than 700 million yuan [9]

Core Insights - The cobalt industry is expected to experience a significant price increase due to geopolitical factors and supply constraints, with prices likely reaching new highs by 2026 [2][4][10] - The Congo (DRC) quota system is driving the global cobalt market's pricing power, with supply constraints becoming more influential than simple supply-demand dynamics [4][6][10] Group 1: Overall Industry Outlook - The year 2025 marks a critical turning point for the cobalt industry, transitioning from a supply surplus to a structural shortage, which is expected to continue into 2026 [10][11] - The global cobalt supply is highly concentrated, with the DRC accounting for approximately 76% of global production, making the market sensitive to geopolitical and policy changes [41][50] Group 2: Supply Dynamics - The DRC's export quota for cobalt is set at 96,600 metric tons annually for 2026-2027, a 55% reduction from 2024 levels, leading to a structural supply gap of 91,000 and 112,000 metric tons in 2026 and 2027, respectively [6][10] - The supply of cobalt from artisanal mining is expected to remain limited due to government control and quota restrictions, impacting overall market supply [61] Group 3: Demand Projections - Battery applications dominate cobalt demand, accounting for 73% of total consumption, with electric vehicle batteries being the primary growth driver [4][19] - The demand for cobalt in the consumer electronics sector is also expected to recover, with a projected compound annual growth rate (CAGR) of approximately 5% over the next three years [4][19] Group 4: Price Outlook - The pricing mechanism for cobalt is shifting from a cost-based model to one driven by supply shortages and geopolitical risks, suggesting that cobalt prices will remain elevated in the long term [11][10] - Cobalt prices are projected to maintain high levels due to the structural supply-demand imbalance, with significant price increases observed following policy changes in the DRC [15][38] Group 5: Investment Recommendations - Key investment targets include Huayou Cobalt, Luoyang Molybdenum, Tengyuan Cobalt, and Greeenme, all of which are positioned to benefit from the anticipated price increases and supply constraints in the cobalt market [4][6]