股价与资金表现 2025年公司股价累计上涨212%，市值一度突破5000亿元，高位积累了较多获利盘。尽管业绩超预期， 部分资金选择兑现收益。2月13日主力资金净流出14.10亿元，而散户资金净流入12.48亿元，显示资金态 度分化。融资余额处于高位（截至2月12日为49.01亿元），杠杆资金波动加剧了股价震荡。 行业板块情况 当日有色金属板块整体下跌3.36%，工业金属板块下跌3.82%，行业情绪偏弱对个股形成拖累。尽管钨 价近期大幅上涨（如仲钨酸铵价格突破100万元/吨），但市场对金属价格持续性的担忧可能影响短期情 绪。 近期事件 公司近期公告为子公司提供总额不超过93亿元的担保，截至公告日对外担保占净资产比例达41.64%， 部分投资者可能关注其潜在风险。 经济观察网 洛阳钼业（603993）在2025年业绩创纪录、净利润首次突破200亿元的利好背景下，于2026 年2月13日出现股价下跌，主要受以下因素综合影响： 股票近期走势 2月13日股价下跌5.09%，换手率1.60%，成交额62.35亿元，显示短期抛压集中释放。 未来发展 公司"铜+黄金"双轮驱动战略明确，2026年铜产量指引76万–82万吨，新 ...

Group 1 - The core viewpoint of the article highlights a decline in the performance of the non-ferrous metal mining ETF, with a 2.35% drop in opening price to 2.281 yuan on February 13 [1] - Major holdings within the non-ferrous mining ETF experienced significant declines, including Zijin Mining down 3.75%, Luoyang Molybdenum down 2.85%, and Huayou Cobalt down 3.42% [1] - The ETF's performance benchmark is the CSI Non-ferrous Metals Mining Theme Index, managed by China Merchants Fund Management Co., with a return of 133.39% since its establishment on June 21, 2023, and a 7.86% return over the past month [1]

2月13日，洛阳钼业跌5.01%，截至发稿，报22.00元/股，成交43.35亿元，换手率1.11%，总市值4706.75 亿元。 资料显示，洛阳栾川钼业集团股份有限公司位于河南省洛阳市栾川县城东新区画眉山路伊河以北，成立 日期1999年12月22日，上市日期2012年10月9日，公司主营业务涉及主要从事钼、钨及黄金等稀贵金属 的开采、选冶、深加工、贸易、科研等。生产所需原辅材料、机械设备、仪器仪表、零配件的进口(上 述进出口项目凭资格证书经营)。金属贸易。主营业务收入构成为：精炼金属产品贸易48.56%，精矿产 品贸易38.31%，铜27.14%，钴6.04%，钼3.12%，磷2.23%，铌1.88%，钨1.17%，其他(补充)0.11%。 从基金十大重仓股角度 数据显示，山证资管旗下1只基金重仓洛阳钼业。山证资管精选行业混合发起式A（018750）四季度持 有股数3.21万股，占基金净值比例为5.69%，位居第三大重仓股。根据测算，今日浮亏损失约3.72万 元。 山证资管精选行业混合发起式A（018750）基金经理为庄波。 截至发稿，庄波累计任职时间10年334天，现任基金资产总规模1128.12万元，任 ...

Group 1 - The core viewpoint of the article highlights the performance of the Nonferrous ETF Taikang (159163), which opened down by 0.88% at 0.900 yuan [1] - Major holdings in the Nonferrous ETF Taikang experienced significant declines, including Zijin Mining down 3.75%, Luoyang Molybdenum down 2.85%, and Northern Rare Earth down 0.70% [1] - The performance benchmark for the Nonferrous ETF Taikang is the CSI Nonferrous Metals Mining Theme Index return, with a return of -9.32% since its establishment on January 27, 2026 [1]

据洛阳钼业消息，近日，在洛阳钼业完成对巴西金矿项目的交割后，位于该国马拉尼昂州、巴伊亚州及 米纳斯吉拉斯州的4座金矿即刻转入全面运营状态。今年1月，除了RDM金矿因将原拟于2月进行的破碎 机检修提前至1月，导致产量受影响之外，Aurizona和Santa Luz、Fazenda金矿均超额完成当月生产任 务。 ...

Group 1: Oil and Gas Sector - Oil stocks experienced a decline, with Sinopec (00386) down 3.89%, PetroChina (00857) down 3.17%, and CNOOC (00883) down 2.79%. This follows a drop in WTI crude oil futures by 2.77% to $62.84 per barrel and Brent crude by 2.71% to $67.52 per barrel [1] Group 2: Renewable Energy Sector - Solar stocks fell collectively, with Xinyi Solar (00968) down 3.62% and New Special Energy (01799) down 3.61%. The rise in silver prices has increased silver paste costs, impacting the battery and component sectors [1] Group 3: Precious Metals Sector - Lao Poo Gold (06181) saw a nearly 5% drop. Bank of America Securities reported that the company is expected to benefit from rising gold prices, with a projected revenue increase of 165% year-on-year for the second half of last year [1] Group 4: Pharmaceuticals - Zai Lab (09688) rose by 7% after its injection drug ZL-1310 was proposed for breakthrough therapy designation for extensive-stage small cell lung cancer (ES-SCLC), showing promising early clinical data [2] Group 5: Precision Manufacturing - China High Precision (00591) fell over 18% after issuing a profit warning, expecting a profit of approximately RMB 2.5 million to RMB 4.5 million for the six months ending December 31, 2025, due to project delays in the oil and petrochemical sectors [2] Group 6: Non-Ferrous Metals - Non-ferrous stocks faced significant declines, with China Nonferrous Mining (01258) down 5.08% and Zijin Mining (02899) down 5.29%. This is attributed to a "de-risking" sentiment in global financial markets, leading to a sell-off in precious metals [3] Group 7: Biotechnology - Xiansheng Pharmaceutical (02096) increased over 4.4% after announcing a licensing agreement with AbbVie for the investigational drug SIM0500, which includes upfront payments and potential milestone payments totaling up to $1.055 billion [3] Group 8: Gaming Sector - Gaming stocks declined, with Melco International Development (00200) down 6.21%. Wynn Macau reported a 7% year-on-year drop in EBITDA for Q4 2025, which was below market expectations [4] Group 9: Oilfield Services - Anton Oilfield Services (03337) rose over 9% after announcing a profit forecast of approximately RMB 360 million to RMB 380 million for 2025, representing a significant year-on-year increase of 48.4% to 56.6% [4] Group 10: U.S. Market Movements - Arko Petroleum (APC.US) opened with a 2.5% decline after its market debut. The company delivered 1.5 billion gallons of fuel in the nine months ending September 30, 2025 [5] - Albemarle (ALB.US) fell 9.41% despite a 16% year-on-year increase in Q4 sales to $1.4 billion, reporting a net loss of $414 million [5] - Boeing (BA.US) rose 1.31% as it plans to increase the monthly production of its 737 series aircraft to 63 units in the coming years [5] Group 11: Technology Sector - Cisco (CSCO.US) dropped 12.32% as it projected a decline in adjusted gross margin for Q3, indicating a worsening trend compared to previous quarters [7] - Storage stocks saw gains, with SanDisk (SNDK.US) up 5.16% and Western Digital (WDC.US) up 3.78% [7]

Core Viewpoint - The data indicates significant outflows of main funds from various stocks, highlighting potential investment risks in the affected sectors. Group 1: Stock Outflows - The top stock with the largest outflow is Liou Co., with a fund outflow of 1.17 billion [1] - Zijin Mining follows closely with an outflow of 1.125 billion [1] - Bona Film Group experienced an outflow of 974 million [1] - Jiecheng Co. had a fund outflow of 914 million [1] - BlueFocus Media saw an outflow of 860 million [1] Group 2: Sector Analysis - The internet services sector, represented by Liou Co. and Wangsu Science & Technology, shows notable outflows of 1.17 billion and 596 million respectively [1][2] - The cultural media sector, including Bona Film Group and Jiecheng Co., experienced significant outflows totaling 1.888 billion [1][2] - The battery sector, represented by Ningde Times, had an outflow of 616 million, indicating potential concerns in this industry [1][2] - The photovoltaic equipment sector, with companies like Xiexin Integration and Sunshine Power, also faced outflows of 569 million and 501 million respectively [1][2] Group 3: Performance Metrics - Liou Co. had a slight increase in stock price by 1.21% despite the outflow [2] - In contrast, Jiecheng Co. experienced a significant decline of 11.51% alongside its outflow [2] - The overall trend shows that many companies with high outflows also faced negative stock performance, indicating a correlation between fund outflows and stock price declines [2][3]

Group 1 - The core viewpoint of the articles indicates a decline in non-ferrous metal stocks, with significant drops in companies such as Xiyeg股份 (over 4%), Northern Rare Earth, and Xiamen Tungsten (over 3%) [1] - Industrial non-ferrous related ETFs have also experienced a decline, with an overall drop exceeding 2% [1] - Despite short-term market fluctuations, brokerages suggest that the long-term outlook for cyclical resource sectors, including industrial non-ferrous metals, remains promising due to industrial structural optimization and sustained demand growth [2] Group 2 - Performance trend models indicate that the current valuation of the industrial non-ferrous sector is reasonable, with potential for a rebound in the future [2] - Investors are advised to focus on the potential performance of these sectors within the supply chain and to seize investment opportunities arising from significant price declines [2]

Group 1 - The core viewpoint of the article highlights a significant decline in the prices of non-ferrous metal stocks, driven by a global "de-risking" sentiment in financial markets, leading to a sell-off in precious metals [1] - Specific stock performances include China Nonferrous Mining (01258) down 5.27% to HKD 14.91, Zijin Mining (02899) down 4.98% to HKD 42.78, Luoyang Molybdenum (03993) down 4.71% to HKD 22.24, and Minmetals Resources (01208) down 4.54% to HKD 9.89 [1] - The article notes that the recent drop in metal prices is characterized by algorithmic trading and systematic strategies, particularly a "momentum deleveraging" triggered by programmatic trend funds reducing positions after key price levels were breached [1] Group 2 - According to Dongfang Securities, the previous liquidity shock has been largely absorbed, and the pricing of various metals is expected to return to fundamentals [1] - In the industrial metals sector, despite short-term setbacks in easing narratives, the overall direction remains towards interest rate cuts, with copper and aluminum inventories still accumulating but at a slowing pace [1] - The article indicates that as prices adjust in the short term, downstream acceptance is improving, and overall supply-demand dynamics for certain metals are expected to continue performing well [1]

经济观察网 洛阳钼业（603993）2025年业绩预告显示，归母净利润预计为200亿元至208亿元，同比增 长47.80%到53.71%，首次突破200亿元大关，连续第五年刷新历史最佳业绩。公司铜产量达74.11万吨， 钴产量11.75万吨，均超额完成年度指引，其中铜产量完成度达118%。2025年前三季度营收1454.85亿 元，归母净利润142.8亿元，同比增长72.61%。 截至2026年2月12日收盘，洛阳钼业A股报23.16元，微跌0.22%，成交额51.1亿元，总市值约4965亿元； 2月11日股价上涨2.93%，融资净买入1.11亿元，融资余额达48.37亿元。资金流向显示市场分歧，2月12 日主力资金净流出7905.93万元，游资净流出5136.17万元，但散户资金净流入1.3亿元。 近期事件 2026年2月11日，洛阳钼业公告拟为子公司及合营公司提供总额不超过93亿元的担保，被担保方包括多 家海内外实体，截至公告日，公司对外担保总额占最近一期经审计净资产的41.64%，公司表示风险可 控。 以上内容基于公开资料整理，不构成投资建议。 机构观点 花旗于2026年2月10日发布报告，将洛阳钼业目 ...