Market Overview - On September 4, the steel sector experienced a decline of 1.63% compared to the previous trading day, with Baogang Co. leading the drop [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Individual Stock Performance - Notable performers included: - Wujin Stainless Steel (603878) with a closing price of 5.63, up 1.81% on a trading volume of 140,500 shares and a transaction value of 78.89 million yuan [1] - Zhongnan Co. (000717) closed at 2.77, up 0.36% with a trading volume of 376,300 shares and a transaction value of 104 million yuan [1] - Baogang Co. (600010) saw a significant decline of 4.69%, closing at 2.44 with a trading volume of 13,013,100 shares and a transaction value of 322.9 million yuan [2] Capital Flow Analysis - The steel sector experienced a net outflow of 628 million yuan from main funds, while retail investors saw a net inflow of 601 million yuan [2] - The capital flow for individual stocks showed: - Ma Steel (600808) had a net inflow of 18.89 million yuan from main funds, while retail investors had a net outflow of 28.27 million yuan [3] - Baogang Co. (600019) had a net inflow of 8.08 million yuan from main funds, but a net outflow of 23.39 million yuan from retail investors [3]

Group 1 - The rare earth permanent magnet sector in the A-share market has seen a significant decline, with companies like China Rare Earth and Shenghe Resources approaching their daily limit down [1] - Northern Rare Earth has dropped over 8%, while Tongcheng New Materials has decreased by more than 7% [1] - Other companies such as Aishi Chuang, Xiamen Tungsten, Guangsheng Nonferrous, and Youyan New Materials have all experienced declines exceeding 6% [1]

Core Viewpoint - As of September 3, a total of 1001 stocks in the Shanghai and Shenzhen markets have experienced a net outflow of main funds for five consecutive days or more, indicating a significant trend of capital withdrawal from these stocks [1]. Summary by Category Main Fund Outflow Duration - *ST Gaohong has seen the longest net outflow of main funds, with 21 consecutive days [1]. - Minsheng Health follows with 17 consecutive days of net outflow [1]. Total Net Outflow Amount - Northern Rare Earth has the largest total net outflow, amounting to 8.146 billion yuan over five days [1]. - Baogang Co. ranks second with a net outflow of 5.370 billion yuan over seven days [1]. Proportion of Net Outflow to Trading Volume - Guanghui Energy has the highest proportion of net outflow to trading volume, with a decrease of 8.03% over the past six days [1]. Notable Stocks with Significant Net Outflows - Northern Rare Earth: 5 days, 8.146 billion yuan, 8.63% [1]. - Baogang Co.: 7 days, 5.370 billion yuan, 13.80% [1]. - Guiding Compass: 6 days, 5.139 billion yuan, 8.96% [1]. - Changshan Beiming: 11 days, 3.033 billion yuan, 6.86% [1]. - Changan Automobile: 8 days, 2.949 billion yuan, 18.23% [1]. Additional Stocks with Notable Outflows - TCL Technology: 6 days, 2.686 billion yuan, 16.83% [1]. - China State Construction: 7 days, 2.653 billion yuan, 18.62% [1]. - China Nuclear Power: 7 days, 2.397 billion yuan, 22.40% [1]. - Sichuan Changhong: 8 days, 2.343 billion yuan, 6.55% [1].

Group 1 - The company Baosteel Co., Ltd. announced on the evening of September 2 that it has repurchased a total of 12,543,200 shares through centralized bidding, which accounts for 0.028% of the company's total share capital [2]

Group 1: Liquidity and Scale of Rare Earth ETF - The liquidity of the Rare Earth ETF managed by Jiashi has a turnover rate of 2.35% and a transaction volume of 201 million yuan [3] - As of September 2, the scale of the Rare Earth ETF reached 8.573 billion yuan, marking a new high since its inception and ranking first among comparable funds [3] - The latest share count for the Rare Earth ETF is 4.927 billion shares, also a new high since inception, and ranks first among comparable funds [3] Group 2: Fund Inflows and Performance - The Rare Earth ETF has seen continuous net inflows over the past 9 days, with a maximum single-day net inflow of 486 million yuan, totaling 2.783 billion yuan [3] - Over the past year, the net value of the Rare Earth ETF has increased by 113.75%, ranking 126th out of 2992 index equity funds, placing it in the top 4.21% [3] - Since its inception, the ETF has recorded a maximum monthly return of 41.25%, with the longest consecutive monthly gains being 4 months and the longest cumulative gain of 83.89% [3] Group 3: Industry Insights and Price Trends - The price of praseodymium and neodymium oxide is currently 597,200 yuan per ton, reflecting a week-on-week decrease of 4.05% [4] - The recent implementation of interim measures marks the official start of supply-side reforms in the rare earth industry [4] - July saw a significant increase in magnetic material exports, with month-on-month and year-on-year growth of 75% and 6% respectively, indicating potential for further recovery in exports [4] Group 4: Key Stocks in the Rare Earth Sector - The top ten weighted stocks in the China Rare Earth Industry Index account for 62.15% of the index, with notable companies including Northern Rare Earth and China Rare Earth [3][6] - Northern Rare Earth has a weight of 13.22% and a price increase of 3.43%, while China Rare Earth has a weight of 5.63% and a price decrease of 2.21% [6] - Investors can also access rare earth investment opportunities through the Jiashi Rare Earth ETF linked fund (011036) [6]

Core Viewpoint - The announcement highlights a tender for a specialized technical service project related to the ultra-low emission system for the new blast furnaces at Baogang's North Ironmaking Plant, with a budget of 2.835 million yuan [1] Group 1: Company Involvement - The project is associated with Baogang Group Energy Conservation and Environmental Protection Technology Co., Ltd., which is jointly owned by Northern Rare Earth, Baogang Co., and AVIC Taida [1] - The ownership structure shows Northern Rare Earth holding a 41% stake, Baogang Co. with 5%, and AVIC Taida with 34% [1] Group 2: Financial Aspects - The budget for the project is set at 2.835 million yuan, indicating a significant investment in environmental technology [1]

（来源：快查一企业中标了） 快查股权穿透数据显示，该公司由北方稀土持股，出资比例为0.58%。 快查APP显示，北方稀土相关公司内蒙古包钢钢联股份有限公司于2025年9月3日发布一则招标信息，项 目名称为2025年8月份包钢股份电磁搅拌辊电气备件采购(招标)招标公告，预算金额为103.56万元。 ...

Core Points - As of September 2, 2023, a total of 1,029 stocks in the Shanghai and Shenzhen markets have experienced net outflows of main funds for five consecutive days or more [1] - The stock with the longest continuous net outflow is Xinrui Technology, with 26 days, followed by *ST Gaohong with 20 days [1] - The largest total net outflow amount is from Baogang Co., with a cumulative outflow of 5.034 billion yuan over six days [1] - Guizhou Energy has the highest proportion of net outflow relative to trading volume, with a recent decline of 6.75% over five days [1] Summary by Category Continuous Net Outflow Stocks - Xinrui Technology: 26 days of net outflow [1] - *ST Gaohong: 20 days of net outflow [1] - Baogang Co.: 6 days, net outflow of 5.034 billion yuan [1] - Guizhou Energy: 5 days, net outflow of 9.14 million yuan, down 6.75% [1] Net Outflow Amounts - Baogang Co.: 5.034 billion yuan over 6 days [1] - Guizhou Energy: 9.14 million yuan over 5 days [1] - Zhinan Zhen: 3.843 billion yuan over 5 days [1] - Changshan Beiming: 2.891 billion yuan over 10 days [1] Proportional Net Outflow - Guizhou Energy: Highest proportion of net outflow [1] - Other notable stocks with significant net outflows include TCL Technology and China Nuclear Power [1]

Group 1 - Company announced a share buyback of approximately 12.54 million shares, representing 0.028% of total share capital, with a total expenditure of approximately 27.5 million yuan [1] - The highest and lowest prices during the buyback were 2.72 yuan/share and 1.79 yuan/share, respectively [1] - For the year 2024, the company's revenue composition is entirely from the metallurgy industry, accounting for 100% [1] Group 2 - The current market capitalization of the company is 120 billion yuan [2]

| 股票代码：600010 | 股票简称：包钢股份 | 编号：（临）2025-060 | | --- | --- | --- | | 债券代码：163705 | 债券简称：20钢联03 | | | 债券代码：175793 | 债券简称：GC钢联01 | | 内蒙古包钢钢联股份有限公司 关于股份回购进展情况的公告 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个别及连带责任。 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自 律监管指引第 7 号——回购股份》等有关规定，公司应于每个月的 前 3 个交易日内公告截止上月末的回购进展情况。具体情况如下： 2025 年 8 月，公司通过集中竞价交易方式回购股份 2686400 股，占公司总股本的比例为 0.006%，成交的最高价为 2.71 元/股、 最低价为 2.5 元/股，已支付的总金额为 700.0986 万元（不含佣金、 手续费等交易费用）。 截至 2025 年 8 月 31 日，公司通过集中竞价交易方式累计回购 股份 12543200 股，占公司总股本的 ...