一大批A股公司业绩暴增！ 上市公司一季报正在密集披露中。截至4月29日20：50，两市又有近1000家上市公司披露一季报。其中，不少 公司业绩大幅增长。 有研新材 一季报显示，公司一季度营收为18.4亿元，同比下降18.67%；净利润为6738万元，同比增长 14698%。公司净利润增长主要是报告期子公司有研亿金和控股子公司有研稀土净利润增加。其中，有研亿金 净利润同比增加67%；有研稀土净利润同比减亏64%。 北方稀土 的业绩也实现大幅增长。公告显示，一季度实现营业收入92.87亿元，同比增长61.19%；净利润4.31 亿元，同比增长727.3%。报告期内，公司以镨钕产品为代表的主要稀土产品一季度均价同比升高，原料成本 同比降低，毛利同比增加。 新黄浦公告， 一季度营业收入为2.32亿元，同比增长47.75%；净利润为7759万元，同比增长2123%。公司净利 润增长主要为报告期内投资收益增加所致。 4月29日晚间，又有不少公司披露了不错的业绩。一季度净利润方面，有研新材同比暴增14698%，新黄浦同比 增长2123%，中船防务同比增长1099.85%，北方稀土同比增长727.3%，国泰海通同比增长391 ...

Mergers and Acquisitions - Zhongguangtianze plans to acquire 100% equity of Changsha Sports Industry Company for 29.6 million yuan, constituting a related party transaction [1] Earnings Disclosure - JinkoSolar reported a revenue of 13.843 billion yuan for Q1 2025, a year-on-year decrease of 40.03%, with a net loss of 1.39 billion yuan compared to a net profit of 1.176 billion yuan in the same period last year [2] - Zhongjin Gold reported a revenue of 14.859 billion yuan for Q1 2025, a year-on-year increase of 12.88%, with a net profit of 1.038 billion yuan, up 32.65% year-on-year [3] - Northern Rare Earth achieved a revenue of 9.287 billion yuan for Q1 2025, a year-on-year increase of 61.19%, with a net profit of 431 million yuan, up 727.3% year-on-year [4] - Kweichow Moutai reported a revenue of 50.601 billion yuan for Q1 2025, a year-on-year increase of 10.54%, with a net profit of 26.847 billion yuan, up 11.56% year-on-year [5] Share Buybacks - Shanjin International plans to repurchase shares with a total amount between 100 million and 200 million yuan at a price not exceeding 29.7 yuan per share [6] - Sichuan Road and Bridge plans to repurchase shares with a total amount between 100 million and 200 million yuan at a price not exceeding 12.54 yuan per share [7] - China Railway plans to repurchase shares with a total amount between 800 million and 1.6 billion yuan at a price not exceeding 8.5 yuan per share [8] - Anhui Construction's controlling shareholder plans to increase its stake in the company with a total amount not exceeding 200 million yuan [9][10] Risk Matters - Chuangxing Resources' stock will be subject to delisting risk warning starting May 6, 2025, due to negative net profit for the fiscal year 2024 [11] - Yong'an Pharmaceutical clarified that rumors regarding a significant price increase of taurine are untrue [12] - *ST Xulan's stock will be delisted on April 30, 2025, as decided by the Shenzhen Stock Exchange [13] - Dawi Technology's shareholder plans to reduce its stake by up to 3% of the company's total shares due to personal financial needs [14]

Core Viewpoint - The company emphasizes the significant role of rare earth elements in various high-tech and green industries, highlighting the optimistic future of the rare earth industry driven by technological advancements and national policies [3][4][20]. Company Overview - China Northern Rare Earth (Group) High-Tech Co., Ltd. held a performance and cash dividend briefing for the fiscal year 2024 on April 25, 2025, to communicate with investors about its operational results and financial indicators [2][29]. - The company reported a revenue of 32.966 billion yuan and a net profit of 1.004 billion yuan for the fiscal year 2024 [24]. Industry Development - The rare earth industry is recognized as a strategic resource, with the government implementing policies to optimize resource allocation and enhance industry resilience and vitality [3][4]. - The national strategy aims to establish the largest rare earth new materials base and a globally leading rare earth application base, which is expected to drive high-quality development in the industry [4][20]. Technological Innovation - The company plans to focus on technological innovation by enhancing research and development capabilities, optimizing project management, and establishing a robust innovation ecosystem [6][7][8]. - Key projects include the development of new rare earth products and the establishment of national-level innovation platforms [8][9]. Market Position and Strategy - The company aims to strengthen its market position by integrating its supply chain, enhancing production efficiency, and optimizing product structure to meet market demands [10][12]. - The company has established a comprehensive industrial structure that includes rare earth smelting, functional materials, application products, and research [11][12]. Environmental and Social Governance (ESG) - The company is committed to ESG principles, establishing a governance framework and enhancing transparency in ESG practices [15][16]. - The company has received improved ESG ratings, reflecting its commitment to sustainable development and corporate responsibility [16]. Financial Management - The company has a low debt risk with an asset-liability ratio of 37.96% and plans to optimize its debt structure while managing accounts receivable effectively [13][25]. - The company intends to enhance shareholder returns through increased dividends and share buybacks, aligning with its strategic goals [27][26]. Future Outlook - The company anticipates continued growth in the rare earth market, driven by demand from new energy vehicles and high-tech industries, while also addressing challenges in competition and market dynamics [20][21]. - The company aims to become a world-class leader in the rare earth industry by focusing on high-quality development, technological innovation, and sustainable practices [21][22].

Financial Performance - The company's operating revenue for Q1 2025 reached ¥9,287,010,012.19, representing a 61.19% increase compared to ¥5,761,706,995.82 in the same period last year[2] - Net profit attributable to shareholders was ¥430,626,962.99, a significant increase of 727.30% from ¥52,052,040.20 year-on-year[2] - The net profit excluding non-recurring gains and losses surged to ¥434,717,891.26, marking an increase of 11,622.98% compared to ¥3,708,254.64 in the previous year[2] - Basic and diluted earnings per share both increased to ¥0.1191, up 727.30% from ¥0.0144 in the previous year[2] - Operating profit for Q1 2025 was ¥689,869,212.80, up from ¥163,497,140.04 in Q1 2024, reflecting a growth of 321.5%[19] - Net profit for Q1 2025 was ¥577,601,649.78, compared to ¥123,586,873.20 in Q1 2024, representing an increase of 366.5%[19] - The gross profit margin for Q1 2025 was approximately 7.1%, compared to 9.1% in Q1 2024, indicating a decrease in profitability[19] - The company reported a total profit of approximately ¥546.87 million in Q1 2025, compared to ¥67.51 million in Q1 2024, showcasing improved profitability[28] Cash Flow and Assets - The net cash flow from operating activities improved to ¥410,127,904.00, a 371.14% increase from a negative cash flow of -¥151,258,132.53 in the same quarter last year[2] - In Q1 2025, the net cash flow from operating activities was ¥410,127,904, a significant improvement compared to a net cash outflow of ¥151,258,132 in Q1 2024, representing a turnaround of over 371%[22] - Total cash inflow from operating activities in Q1 2025 was ¥8,775,875,938, up 82.5% from ¥4,818,385,987 in Q1 2024[22] - The company's cash and cash equivalents decreased to ¥5,374,899,669.26 from ¥5,644,393,125.54, a decline of 4.77%[17] - The cash and cash equivalents at the end of Q1 2025 were ¥4,556,721,977.11, down from ¥5,210,960,536.84 at the end of Q1 2024, indicating a decline of 12.5%[23] - Total assets at the end of the reporting period were ¥46,234,989,032.80, reflecting a 1.88% increase from ¥45,380,919,517.66 at the end of the previous year[3] - Current assets increased to ¥32,151,682,583.64 from ¥31,663,804,611.77, marking a rise of 1.54%[17] - Total liabilities as of March 31, 2025, were ¥17,425,194,961.08, slightly up from ¥17,225,421,698.65 at the end of 2024[17] - The company's total liabilities decreased to ¥7,816,042,930.29 as of March 31, 2025, down from ¥8,885,161,828.70 at the end of 2024, representing a reduction of 12.1%[26] Production and Sales - The company reported a significant increase in sales volume and average prices of rare earth products, particularly praseodymium and neodymium, contributing to the revenue growth[5] - In Q1 2025, the production of rare earth oxides reached 5,730.86 tons, a year-on-year increase of 33.99%[13] - The sales volume of rare earth metals was 11,329.94 tons, reflecting a year-on-year growth of 46.55%[13] - The company achieved a historical high in production and sales volume, driven by enhanced operational efficiency and market expansion[9] - The production of hydrogen storage materials increased by 21.33% year-on-year, reaching 497.90 tons[13] Innovation and Development - The company applied for 63 patents in Q1 2025, including 51 invention patents, indicating a strong focus on innovation[11] - The company is actively promoting the industrialization of technological achievements, including the construction of pilot lines for new rare earth materials[11] - The company launched 12 new solid-state hydrogen storage materials for mass production and sales[9] - The company is advancing its green smelting upgrade project, with the second phase currently in the design and equipment procurement stage[10] Shareholder Actions - The company completed a share buyback plan, increasing its stake to 38.03% after acquiring 43,099,222 shares for approximately ¥999.89 million[14] Strategic Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]

A股复盘 | 必须赢 / 2025.04.29 我反正是空仓了，哈哈哈，来看看群友的操作！ 有人说，万一明天大A暴涨怎么办？这些年我发现的 缅A 规律不支持这种假设！ 放量大跌继续跌 缩量大涨继续跌 缩量大跌继续跌 放量大涨继续跌 当然，万一明天真的大涨，那我当然是冲锋啊！哈哈哈 乐完了开始今天的复盘，首先又是口水仗！ 隔夜，贝森特在CNBC的采访中又开始攻击中国，估计是之前给的台阶，中国没 下，哈哈哈，气急败坏了！ 贝森特说，中美贸易关系目前仍处于不确定阶段，关键在于中国是否愿意率先采 取实际措施"主动降温"。 贝森特提出，美国政府已制定一套统一的贸易谈判框架，目前正以 此为基础与 15至18个主要贸易伙伴进行磋商 。他透露，部分亚洲国家已主动提出诚意十足 的提案，包括削减关税、放宽非关税壁垒等，美国正在评估这些提案 ，"我猜印 度会是我们签署的首批贸易协议之一。所以，请拭目以待，"贝森特补充道。 结果又遭我们外交部驳斥！ 关税战、贸易战没有赢家！ 如果美方想通过对话谈 判解决问题，就应该停止威胁施压，在平等、尊重、互惠的基础上同中方开展对 话。 虽然外交部多次强调没有赢家，但是数据能说明一些事情！ "对等 ...

Core Viewpoint - The company has reported significant growth in Q1 2025, driven by rising rare earth prices and reduced raw material costs, leading to a remarkable increase in profit margins [1][2]. Financial Performance - Q1 revenue reached 9.29 billion yuan, a year-on-year increase of 61.19% [4]. - Net profit attributable to shareholders was 430.63 million yuan, soaring 727.30% compared to the same period last year [4]. - The net profit excluding non-recurring items was 434.72 million yuan, reflecting an astonishing growth of 11,622.98% year-on-year [4]. - The net cash flow from operating activities improved significantly to 410.13 million yuan, compared to a negative 151.26 million yuan in the previous year, marking a 371.14% increase [3]. Sales and Production - The company achieved record high sales volumes in Q1, with rare earth oxide sales reaching 10,558.42 tons, up 57.61% year-on-year [2]. - Sales of rare earth salts were 32,090.78 tons, an increase of 52.95% [2]. - Rare earth metal sales grew by 46.55% to 11,329.94 tons, while magnetic materials sales rose by 46.63% to 16,166.09 tons [2]. Cost Management - The company's operating costs increased by 54.98%, which was lower than the revenue growth rate of 61.19%, indicating effective cost control [2]. Strategic Initiatives - The company has implemented several strategic measures, including optimizing long-term customer agreements and enhancing pricing mechanisms to improve market influence [5]. - In Q1, the company applied for 63 patents, including 51 invention patents, and introduced new processes and products [5]. - The company is advancing its green smelting upgrade project and is focused on increasing project startup rates to foster new growth points [5]. Shareholder Activity - The controlling shareholder, Baotou Steel (Group) Co., Ltd., increased its stake in the company by acquiring 43,099,222 shares, representing 1.19% of the total share capital, with a total investment of approximately 999 million yuan [5].

"稀土管制让美国慌了" 美军工稀土储备仅够数月 特朗普当地时间4月24日签署行政令允许海底采矿，外媒称此举旨在加大对深海稀土矿物开采力度。白宫前高级经济官 员、美国前国际贸易谈判代表罗德曼则指出："中国对稀土实施出口管制的信号已经让美国政府感到慌乱，美国军工企 业稀土储备仅够支撑数月。"这一判断直指核心敏感问题：稀土材料对美国军事工业链的高度依赖性。 以下是一些A股稀土永磁题材概念股及解析： 中国稀土（000831）：国内中重稀土整合平台，由国资委直接控股，承担国家稀土资源战略运营任务，拥有领先的资 源储备，掌控南方离子型稀土矿 40% 储量，在中重稀土方面具有重要地位，受益于资源定价权提升。 中国稀土行业迎来开门红，多家上市公司一季度业绩大幅向好。中国稀土一季度实现营收7.28亿元，同比增长 141.32%，净利润7261.81万元，主要原因是稀土市场部分产品价格回升，公司调整了销售策略，营业收入增加，成功 扭亏为盈。北方稀土更是预计一季度净利润同比增长超过716%，达到4.25亿-4.35亿元。广晟有色同样实现扭亏，预计 净利润4000万-5000万元。这一系列亮眼业绩表明稀土行业已开始企稳回升。 北方稀 ...

Core Viewpoint - The performance of major rare earth companies in China has significantly declined in the past year, with only Xiamen Tungsten achieving profit growth while others faced substantial losses [1][2]. Company Performance - Among the five leading rare earth companies, only Xiamen Tungsten reported a net profit increase of 7.88%, reaching 1.728 billion yuan, despite a revenue decrease of 10.66% to 35.196 billion yuan [2][10]. - Northern Rare Earth's net profit fell by 57.64% to 1.004 billion yuan, with revenue declining by 1.58% to 32.966 billion yuan [2][10]. - Shenghe Resources experienced a net profit drop of 37.73% to 207 million yuan, with revenue down 36.39% to 11.371 billion yuan [2][10]. - China Rare Earth and Guangsheng Nonferrous both reported losses of 287 million yuan and 299 million yuan, respectively, marking their first losses in three years [1][2]. Market Conditions - The overall rare earth market faced a downward price trend, impacting company revenues and profits. For instance, the average price of praseodymium-neodymium oxide fell by 26.09% to 393,100 yuan per ton [4][6]. - Supply exceeded demand in the rare earth market, with domestic production capacity increasing and inventory levels rising significantly [6][7]. - The total control indicators for rare earth mining and separation increased, with mining indicators rising by 5.9% to 270,000 tons and separation indicators by 4.2% to 254,000 tons [6][7]. Cash Flow and Inventory Issues - Cash flow for major rare earth companies deteriorated, with China Rare Earth's operating cash flow turning negative at -594 million yuan, a 271.65% decline [8][10]. - Northern Rare Earth's cash flow decreased by 57.76% to 1.026 billion yuan, while Guangsheng Nonferrous reported negative cash flow for three consecutive years [10]. - Inventory levels surged, with Northern Rare Earth's rare earth salt and metal inventories increasing by 18.3% and 78.12%, respectively, totaling 165,000 tons [7][10]. Policy and Future Outlook - The Chinese government has increased support for the rare earth industry, with new regulations set to take effect in October 2024, aimed at ensuring orderly development [13]. - The introduction of export controls on certain rare earth elements is expected to tighten supply and potentially increase prices in overseas markets [13]. - Early 2024 showed signs of recovery in the rare earth industry, with companies like China Rare Earth and Guangsheng Nonferrous projecting profits for the first quarter [12].

Core Viewpoint - China Rare Earth Group reported a significant decline in 2024 annual performance, but showed a recovery in Q1 2025 with a notable increase in revenue and profit [1][2][4]. Group 1: 2024 Annual Performance - The company reported a total revenue of 3.027 billion yuan in 2024, a decrease of 24.09% year-on-year [2]. - The net profit attributable to shareholders was -287 million yuan, down 168.69% compared to the previous year [2]. - Basic earnings per share were -0.2704 yuan, reflecting a decline of 163.94% year-on-year [2]. - The losses were primarily attributed to increased inventory write-downs as per accounting standards [2]. Group 2: Q1 2025 Performance - In Q1 2025, the company achieved a revenue of 728 million yuan, marking a year-on-year increase of 141.32% [1]. - The net profit attributable to shareholders was 72.618 million yuan, a turnaround from a net loss of 289 million yuan in the same period last year [1]. Group 3: Market Trends and Price Changes - The rare earth market experienced a general decline in prices throughout 2024, with significant drops in both light and heavy rare earth products [2][3]. - For instance, the price of praseodymium oxide fell from approximately 460,000 yuan/ton to 416,000 yuan/ton, a decrease of 9.57% [2]. - Heavy rare earth prices also saw substantial declines, with terbium oxide dropping by 26.45% and dysprosium oxide by 36.86% [3]. Group 4: Industry Outlook - The rare earth industry showed signs of recovery in early 2025, with companies like Northern Rare Earth and Guangsheng Nonferrous Metals reporting significant profit increases [4]. - Analysts predict that the demand for rare earth materials will rise due to the expected increase in global electric vehicle sales and advancements in robotics [4]. - The integration of the rare earth industry is progressing, with a focus on optimizing resource allocation and enhancing industry structure [5].

证券代码：600111 证券简称：北方稀土 公告编号：2025-032 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。 中国北方稀土（集团）高科技股份有限公司（以下简称公司或北 方稀土）于 2025 年 4 月 15 日在《中国证券报》《上海证券报》《证券 时报》及上海证券交易所网站发布了《北方稀土关于召开 2024 年度业 绩暨现金分红说明会的公告》。公司于 2025 年 4 月 25 日上午 10:00～ 11:30，在上海证券交易所上证路演中心（http://roadshow.sseinfo.com） 以"现场直播+现场嘉宾互动+网络文字互动"形式召开了本次说明会。 公司董事、总经理、党委副书记瞿业栋先生，独立董事杨文浩先生， 董事、董事会秘书、首席合规官吴永钢先生，董事、财务总监宋泠女 士参加了本次说明会，就公司 2024 年度经营成果及财务指标的具体情 况等与投资者进行互动沟通交流，在信息披露允许的范围内解答了投 资者普遍关注的问题。 公司将本次说明会投资者提问问题进行了梳理与合并，公告如下： 问题 1：稀土在新能源 ...