隔夜美股全线下跌道指跌超200点，热门中概股涨跌不一。港股恒指微幅高开0.06%，国指平开，恒生 科技指数跌0.11%。大型科技股涨跌各异，其中阿里巴巴涨超1%，生物医药股、汽车股、海运股普涨， 获调入港股通标的证券名单，万国黄金集团涨3.6%。另外，半导体股、煤炭股多数走低，拟606.76亿元 出售资产，中国中冶大跌近6%。(格隆汇) ...

Core Viewpoint - China Metallurgical Group Corporation (China MCC) announced a significant asset sale to optimize its business structure and focus on core operations, which has led to a nearly 6% drop in its stock price [1] Group 1: Asset Sale Details - China MCC plans to sell 100% equity of China MCC Real Estate and related debt to Minmetals Land Holdings for approximately 60.7 billion yuan [1] - The company will also sell 100% equity of several subsidiaries, including Youse Institute, China MCC Copper Zinc, and 67.02% equity of China MCC Jinji to China Minmetals [1] - A subsidiary, China Huaye, intends to sell 100% equity of Huaye Duda to China Minmetals or its designated entity [1] Group 2: Strategic Implications - The transaction is a cash deal aimed at divesting non-core assets and optimizing resource allocation [1] - The company aims to enhance its business structure, focus on core industries, and improve core competitiveness and sustainable profitability [1] - Future business focus will include metallurgical engineering, non-ferrous and mining engineering construction and operation, high-end infrastructure, industrial construction, and emerging industries for high-quality development [1]

Core Viewpoint - China Metallurgical Group Corporation (China MCC) announced a significant asset sale, indicating a strategic shift to focus on its core business and optimize its asset structure [3][9]. Asset Sale Details - The company plans to sell a package of assets, including 100% equity of MCC Real Estate and other subsidiaries, for a total of 60.676 billion yuan [2][5][6]. - This transaction is classified as a related party transaction and does not constitute a major asset restructuring, requiring approval from the shareholders' meeting [7]. Business Focus and Strategy - The divestiture of MCC Real Estate, a key real estate platform, is particularly noteworthy as it aligns with the company's strategy to concentrate on its core competencies in engineering and construction [9][10]. - The company aims to enhance its core competitiveness and sustainable profitability by shedding non-core assets and reallocating resources [13]. Financial Performance - In Q3, China MCC reported a significant decline in net profit, down 67.52% year-on-year, with revenue decreasing by 14.25% [15]. - For the first three quarters, revenue was 335.094 billion yuan, a decrease of 18.79%, and net profit was 39.7 billion yuan, down 41.88% [16]. Market Outlook - Analysts suggest that the asset restructuring will clarify China MCC's valuation logic and may lead to a more stable performance in the mining resources sector, especially if copper prices rise [21]. - The company is expected to focus on metallurgical engineering, high-end infrastructure, and emerging industries for future growth [15].

Core Viewpoint - China Metallurgical Group Corporation (China MCC) plans to sell assets worth 60.676 billion yuan to focus on its core business and enhance competitiveness [1] Group 1: Asset Sale Details - China MCC intends to sell 100% equity of China MCC Real Estate and related debts to Wukuang Real Estate Holdings [1] - The company will also sell 100% equity of Youse Institute, China MCC Copper Zinc, and Ruimu Management, along with 67.02% equity of China MCC Jinji to China Minmetals [1] - A subsidiary, China Huaye, will sell 100% equity of Huaye Duda to China Minmetals or its designated entity [1] Group 2: Strategic Intent - The transaction aligns with the central government's directive for state-owned enterprises to focus on their main responsibilities and promote professional integration [1] - The sale aims to divest non-core assets, optimize resource allocation, and concentrate on key areas such as metallurgical engineering, non-ferrous and mining engineering construction, high-end infrastructure, and emerging industries [1] - This strategic move is expected to enhance the company's core competitiveness and sustainable profitability [1]

中经记者 陈家运 北京报道 12月8日，中国中冶（601618.SH）公告披露，其拟向五矿地产控股出售所持中冶置业100%股权及相关 债权；同时向中国五矿出售有色院、中冶铜锌、瑞木管理100%股权，以及中冶金吉67.02%股权。此 外，中国中冶控股子公司中国华冶也将向中国五矿或其指定主体出售华冶杜达100%股权。本次交易价 格为606.76亿元。 中国中冶方面表示，此次交易为落实中央企业聚焦主责主业、推进专业化整合的要求，通过剥离非核心 资产，优化资源配置，集中资源发展冶金工程、有色与矿山工程建设、高端基建及新兴产业等核心领 域，提升企业核心竞争力与持续盈利能力。 （编辑：董曙光 审核：吴可仲 校对：颜京宁） ...

热点聚焦 【交易员预计美联储2026年年底之前降息空间不足75个基点】 数据显示，交易员预计美联储2026年年底之前的降息空间不足75个基点。另据CME"美联储观察"：美联储12月降息25个基点的概率为89.4%，维持利率不变 的概率为10.6%。美联储到明年1月累计降息25个基点的概率为68.5%，维持利率不变的概率为7.8%，累计降息50个基点的概率为23.8%。 【美国暂不公布10月生产者价格指数】 美国劳工统计局将暂不公布10月份生产者价格指数，将于2026年1月14日一同公布10月和11月PPI。 【特朗普表示将宣布一项有关AI的行政令】 美国总统特朗普表示，本周将宣布一项有关AI的"单一规则"行政令。 环球市场 美股三大指数周一集体收跌，投资者在等待本周稍晚举行的美联储年内最后一次货币政策会议。截至收盘，道指跌0.45%，报47739.32点；纳指跌0.14%，报 23545.90点；标普500指数跌0.35%，报6846.51点。 大型科技股大多下跌，谷歌A跌2.29%，亚马逊跌1.16%，Meta跌0.98%，苹果跌0.32%；微软涨1.63%，英伟达涨1.72%。 其他热门股中，特斯拉跌3. ...

Market Overview - The overall market trend remains upward, with most sectors finding support at the 60-day moving average and initiating a rebound [7] - The "spring躁动" (spring excitement) may start earlier in mid to late December, with balanced allocation in growth and cyclical sectors being recommended [7] - A potential "double bottom" formation could provide a good opportunity for accumulation if the market revisits the November 21 position [7] Stock Performance - Major U.S. stock indices closed lower, with the Dow Jones down 0.45%, Nasdaq down 0.14%, and S&P 500 down 0.35% [3] - Notable tech stocks showed mixed performance: Nvidia up 1.7%, Oracle up 1.3%, while Apple down 0.3%, Meta down 1.0%, Amazon down 1.1%, and Google down 2.1% [3] - The Nasdaq Golden Dragon China Index rose 0.08%, with Baidu up 3.5% and JD.com up 0.1%, while Alibaba down 0.1% and NetEase down 2.1% [3] Commodity Prices - International oil prices faced downward pressure, with WTI crude oil down 2.00% at $58.88 per barrel and Brent crude oil down 1.98% at $62.49 per barrel [3] - International gold prices also declined, with COMEX gold futures for December delivery down 0.61% at $4187.20 per ounce [3] Regulatory Developments - The State Administration for Market Regulation in China is establishing a "dual loss control" risk prevention technical system for the electric vehicle industry, aimed at accurately identifying accident causes and improving investigation standards [5] - The system includes national standards for analyzing fire defects in electric vehicles, filling a gap in standardized analysis methods [5] Corporate Actions - China Minmetals plans to sell assets worth approximately 60.68 billion yuan to Minmetals Development and China Minmetals [6] - Midea Group has completed a share repurchase plan worth 10 billion yuan, intending to cancel 1.24% of the company's total share capital [6] - Agricultural Bank of China plans to distribute approximately 38.15 billion yuan in cash dividends for the first half of 2025 [7]

Core Viewpoint - China Metallurgical Group Corporation (China MCC) plans to sell assets worth 60.68 billion yuan to China Minmetals Corporation and its wholly-owned subsidiary, Minmetals Real Estate Holdings, to optimize its business structure and enhance profitability [1][4]. Group 1: Transaction Details - The asset sale includes a 100% equity transfer of China MCC's subsidiary, MCC Real Estate Group, along with related debts amounting to 46.16 billion yuan [4]. - China MCC will also transfer 100% equity stakes in several companies, including China Nonferrous Engineering Co., Ltd. and MCC Group Copper Zinc Co., Ltd., to China Minmetals [4]. - This transaction is in line with the central government's directive to focus on core responsibilities and optimize resource allocation among state-owned enterprises [4]. Group 2: Financial Position of China Minmetals - As of the end of Q3 2025, China Minmetals reported total assets of 1.51 trillion yuan and equity attributable to shareholders of 120.61 billion yuan [5]. - The net profits for China Minmetals were 17.44 billion yuan in 2024 and 15.05 billion yuan in the first three quarters of 2025 [5][6]. Group 3: Future Focus of China MCC - Post-transaction, China MCC aims to clarify its core positioning as a platform focused on engineering contracting and emerging industries [7]. - The funds from the asset sale will be used to strengthen its core business in metallurgical construction and support new industrialization and urbanization efforts [7]. - China MCC plans to allocate the proceeds to enhance cash flow, repay debts, and optimize its financial structure [7]. Group 4: Recent Financial Performance of China MCC - For the first three quarters of 2025, China MCC reported a revenue of 335.09 billion yuan, a year-on-year decline of 18.79%, and a net profit of 3.97 billion yuan, down 41.88% [8][9]. - The company experienced a significant drop in net profit margins and earnings per share, indicating financial challenges [8][9].

2025.12.08 本文字数：2476，阅读时长大约5分钟 作者 |第一财经孙梦凡 总额超六百亿！中国中冶(601618.SH)深夜公布了一项"大交易"。 12月8日晚间，中国中冶宣布，拟将旗下中冶置业100%的股权及标的债权出售给五矿地产；将有色院、中冶铜锌、瑞木管理 100%的股权和中冶金吉67.02%的股权出售给中国五矿；华冶杜达100%股权，也拟出售给中国五矿或指定主体。 通过剥离非核心资产，中国中冶将进一步聚焦核心主业，专注冶金工程、有色与矿山工程建设和运营、高端基建、工业建筑 等；而中冶置业相关股权及债权出售给五矿地产，意味着这两大地产平台将正式实现资产整合。 经过多年发展，中国中冶逐渐形成了以冶金建设为"核心"，房建和市政基础设施为"主体"，矿产资源、工程服务、新型材料、 高端装备和能源环保为特色的"一核心两主体五特色"业务体系，是国家确定的重点资源类企业之一。 不过，受行业发展形势影响，中国中冶在业绩上也出现"瓶颈期"。今年前三季度，头部八大建筑央企中，仅中国电建、中国能 建、中国化学实现营收增长，业绩变动最大的中国中冶，营业收入为3350亿元，同比降幅达到-18.78%。 同期，头部八大建 ...

中信证券股份有限公司 关于中国冶金科工股份有限公司 变更部分募集资金用途并永久性补充流动资金的核 查意见 中信证券股份有限公司(以下简称"中信证券"或"保荐人")作为中国冶 金科工股份有限公司(以下简称"中国中冶"或"公司")首次公开发行股票并 在上海证券交易所主板上市及非公开发行 A 股的保荐人,根据《证券发行上市 保荐业务管理办法》《上海证券交易所股票上市规则〈2025 年 4 月修订 )》《上市 公司募集资金监管规则》和《上海证券交易所上市公司自律监管指引第1号 -- 规范运作(2025年5月修订 )》等有关法律法规和规范性文件的要求,就中国中 治变更部分募集资金用途并永久性补充流动资金的事项进行了专项核查,并发表 如下意见: 截至 2025 年 6 月 30 日,公司累计使用公开发行的 A 股募集资金投入募投 项目人民币 1,765,633 万元(含置换预先投入募投项目的自有资金人民币 425,745 万元），具体情况请见下表: 公司 A 股募集资金使用情况对照表 单位: 人民币万元 | 募集资金总额 | | | 1.835.897.24 | | | | 报告期内投入募集资金总额 | | 0 | | ...