证券代码：600111 证券简称：北方稀土 公告编号：2025-050 中国北方稀土（集团）高科技股份有限公司 关于 2025 年半年度业绩说明会召开情况的公告 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 8 月 22 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 2025 年半年 度业绩说明会的公告》。公司于 2025 年 8 月 29 日上午 10:00～11:30， 在上海证券交易所上证路演中心以"现场视频直播+现场嘉宾互动+网 络互动"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，独立董事戴璐女士，董事、董事会秘书、首席合规官吴永 钢先生，副总经理刘见强先生，董事、财务总监宋泠女士参加了本次 说明会，就公司 2025 年半年度经营成果及财务指标等情况与投资者进 行互动交流，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 ...

数据显示，中欧基金旗下1只基金重仓北方稀土。中欧周期优选混合发起A（019888）二季度持有股数 2.47万股，占基金净值比例为4.38%，位居第七大重仓股。根据测算，今日浮亏损失约7.11万元。 9月2日，北方稀土跌5.09%，截至发稿，报53.67元/股，成交152.45亿元，换手率7.72%，总市值1940.21 亿元。 资料显示，中国北方稀土(集团)高科技股份有限公司位于内蒙古自治区包头市稀土高新技术产业开发区 黄河大街83号，成立日期1997年9月12日，上市日期1997年9月24日，公司主营业务涉及稀土原料产品、 稀土功能材料产品及部分稀土终端应用产品。主营业务收入构成为：稀土产品72.25%，贸易业务 21.39%，环保产品及服务4.51%，其他1.07%，其他(补充)0.49%，稀土应用产品0.29%。 从基金十大重仓股角度 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 中欧周期优选混合发起A（019888）成立日期2023年11月1 ...

Group 1 - The main stocks with significant capital outflows include Xinyi Technology (-1.82 billion), Northern Rare Earth (-1.55 billion), and Dongfang Fortune (-1.40 billion) [1] - The sectors affected by capital outflows include communication equipment, small metals, and internet services [2][3] - Notable declines in stock prices were observed, with Xinyi Technology down by 8.46%, Northern Rare Earth down by 2.67%, and Zhongyou Capital down by 9.95% [2][3] Group 2 - The total capital outflow from the top 20 stocks reached significant amounts, indicating a trend of investors pulling back [1] - Other companies experiencing notable outflows include Inspur Information (-1.08 billion), Guoxuan High-Tech (-1.07 billion), and ZTE Corporation (-1.06 billion) [1] - The overall market sentiment appears to be cautious, as reflected in the negative performance of several stocks [2][3]

格隆汇9月2日｜北方稀土跌逾3%，成交额突破100亿元。 （责任编辑：宋政 HN002） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请 读者仅作参考，并请自行承担全部责任。邮箱：news_center@staff.hexun.com | ■ 北方稀土 分时 多日 日K 周K 月K 季K 年K 1分 3分 5分 10分 15分 30分 × 1天：1分K × 显示 × ◎ □ v | | --- | | ミキャアップ・ダ・ビ・トイ・ト | ...

比黄金更升值，比稀土更稀缺，9月降息的最大赢家居然是它， 它就是金属铟！ 如果你错过了从5.66涨至13.57的洛阳钼业，也错过了24元涨至58元的北方稀土， 接下来这家AI算力革命催生的"金属新贵"，直接受益于1.6T光模块渗透率提升！ 当市场还在惊叹稀土、黄金价格的涨幅时，金属铟已经悄然完成了更惊人的价值跃迁！ 要知道，全球已探明的金属铟储量仅1.6万吨，稀土储量则高达1.2亿吨，换句话说，铟的稀缺程度是稀土的100倍以上 过去五年铟价从1200元/千克飙升至2025年的4000元/千克，累计涨幅高达233%，远超同期黄金33%的收益率， 成为这轮科技革命浪潮中最耀眼的"金属新贵"。 可以说，这场价格狂飙的背后，是AI算力爆发催生的战略性短缺与全球供应链重构的深刻变革。 首先，英伟达Quantum-X交换机的量产引发"铟需求海啸"，单台设备需配备18个硅光引擎，单个1.6T光引擎对磷化铟衬底面积需求较800G模块提升300%以 上， 它对于光通信和AI芯片来说都是"不可替代元素"，美国几乎100%依赖进口，正是因此，我国才会选择在今年2月限制金属铟的出口，以此来对冲美的关税制 裁！ 国内这四家金属铟头部企 ...

数据显示，截至9月1日，A股市场两融余额报22969.91亿元，融资余额报22808.29亿元，均创历史新高。 今年以来，A股融资余额增加4266.84亿元，电子行业融资余额增加超950亿元，A股市场融资净买入金额最大的股票为新易盛（300502），净卖出金额最 大的股票为牧原股份（002714）。 A股两融余额、融资余额均创历史新高 数据显示，截至9月1日，A股市场两融余额报22969.91亿元，融资余额报22808.29亿元，均超过2015年6月18日的水平，创历史新高。 今年以来，A股融资余额增加4266.84亿元，其中2月、3月、5月、6月、7月、8月、9月以来均为增加。 回顾A股两融余额2015年以来的变动情况，在2015年1月—2015年6月，A股两融余额快速上升，在2015年6月18日触及历史次高点的22730.35亿元后，快速 下降。之后几经周折，在2019年2月1日触及区间低点的7169.51亿元，而后震荡上升，在2024年9月、10月、11月均增加明显，之后在2025年6月以来明显 增加，在2025年9月1日创下历史新高。 2015年以来两融余额变动情况 近期，A股市场两融交易活跃，两融交 ...

Core Viewpoint - The rare metals sector is experiencing fluctuations, with the China Rare Metals Theme Index down by 2.08% as of September 2, 2025, while certain stocks like Zhuhai Group and China Rare Earth show positive gains [1][4]. Group 1: Market Performance - The rare metals ETF (562800) has seen a weekly increase of 5.36% as of September 1, 2025, ranking it first among comparable funds [1]. - The ETF's trading volume reached 7.74% with a transaction value of 168 million yuan, and its average daily trading volume over the past week was 214 million yuan, also ranking first among comparable funds [3]. - The ETF's latest scale reached 2.2 billion yuan, marking a new high since its inception, and its share count reached 2.814 billion, also a record high [3]. Group 2: Fund Flows and Returns - The rare metals ETF recorded a net inflow of 81.9564 million yuan, with four out of the last five trading days showing net inflows totaling 313 million yuan [3]. - Over the past year, the ETF's net value has increased by 90.48%, placing it in the top 12.31% among 2,990 index equity funds [3]. - The ETF has achieved a maximum monthly return of 24.02% since inception, with the longest consecutive monthly gains being four months and an average monthly return of 8.77% [3]. Group 3: Industry Trends and Policies - The rare earth industry is entering a traditional consumption peak season, with increased downstream demand driving up prices for rare earths, tungsten, and cobalt [4]. - Recent policies aimed at regulating the rare earth sector have heightened expectations for supply-side tightening, contributing to a rapid price recovery for rare earth products [4]. - The top ten weighted stocks in the China Rare Metals Theme Index account for 57.58% of the index, with significant players including Northern Rare Earth and Luoyang Molybdenum [4][6].

Core Viewpoint - The A-share market is experiencing a slight consolidation, with a noticeable trend of "high cutting and low buying" in recent funds, particularly focusing on the solid performance and high valuation of the non-ferrous metal sector during the interim report season [1][3] Group 1: Market Performance - The Non-ferrous 50 ETF (159652) saw a significant net inflow of over 1 billion yuan in a single day, with four out of the last five days showing net inflows totaling over 1.85 billion yuan [3] - As of the latest data, the Non-ferrous 50 ETF (159652) has surpassed a scale of 10 billion yuan, with both fund shares and scale reaching new highs since its listing [3] - The Non-ferrous 50 ETF (159652) experienced a net subscription of 2.9 million shares, translating to a real-time net subscription amount exceeding 37 million yuan [1] Group 2: Price Movements - Silver trading prices have surpassed 40 USD per ounce, marking the highest level since 2011 [5] - On September 1, tungsten concentrate prices surged by 12,000 yuan, reaching 264,000 yuan per ton, with a growth rate of 4.76%, and a cumulative increase of nearly 35% over the past two months [5] - COMEX gold futures rose over 1% on September 1, reaching a peak of 3,552 USD per ounce, setting a new historical high [5] Group 3: Sector Analysis - Analysts indicate that the A-share precious metals and industrial metals sectors are currently in a "high profitability, low valuation" phase, with expectations for valuation increases driven by active capital market trading and the "high cutting and low buying" rotation effect [3] - The non-ferrous sector is experiencing a comprehensive growth across various sub-sectors, with price-driven earnings per share (EPS) and improved sentiment contributing to a dual boost in price-to-earnings (PE) ratios [5] - The Non-ferrous 50 ETF (159652) is highlighted as a leading option for investors looking to capitalize on future opportunities in precious and industrial metals, given its higher copper content and scale [6][10]

Group 1 - The rare earth sector has emerged as the strongest track in A-shares this year, with an average increase of 150.8% as of the end of August, leading over 300 sub-industries in the Shenwan index [1] - The recent performance of the rare earth industry index has surpassed the peak of the 2015 bull market, driven by the end of a two-year profit decline and a strategic value reassessment of rare earths [2] - The capital market has assigned higher valuation premiums to companies in the rare earth sector, with North Rare Earth's stock price exceeding 56 yuan, while its earnings per share for the first half of the year was 0.26 yuan, with a consensus forecast of 0.76 yuan for the full year [3][4] Group 2 - The rare earth industry is experiencing better conditions this year compared to last year, with significant price increases for praseodymium and neodymium metals, which rose by 11.9% and 12.7% year-on-year, respectively [6] - The recovery in profitability for related listed companies is evident, with North Rare Earth's gross margin increasing by 4.32 percentage points to 12.28%, and Guangsheng Nonferrous's gross margin rising by 5.1 percentage points to 6.4% [7] - North Rare Earth reported significant increases in production and sales volumes for its main products, with sales of rare earth metals increasing by 32.33% and functional materials by 17.93% year-on-year [7] Group 3 - The average profit growth rate for four sample companies in the rare earth sector reached 723%, with North Rare Earth's net profit increasing by 1952% [8] - The demand for rare earths is improving, with a strong rebound in prices for praseodymium and neodymium oxides observed in July, indicating a gradual increase in industry prosperity [8] - Despite the profit recovery, the overall profit scale of these companies is still far from the peak levels of the previous industry cycle, with North Rare Earth's net profit in 2021 and 2022 exceeding 5 billion yuan [11][12] Group 4 - The valuation levels of rare earth companies are significantly higher than those in other non-ferrous metal industries, attributed to the strategic importance of rare earth products [13] - Recent government measures, including export controls on certain rare earth items and stricter regulations on the industry, have contributed to the higher valuation premiums in the market [14][15] - The stock prices of these companies are expected to fluctuate around their enterprise values, with future adjustments relying on either profit growth or stock price corrections [15]

记者丨董鹏 编辑丨巫燕玲 这还不是个案，而是行业普遍现象，甚至还有年化估值更高的公司。 盈利拐点 二级市场的突出表现，既与行业盈利结束两年下滑，迎来业绩拐点有关，又受到今年稀土战 略价值提升所引发的价值重估影响。 以申万划分的4家稀土行业公司为例，2024年同期仅有北方稀土一家实现小幅盈利，今年 上半年不仅实现了全线扭亏，同时受到利润低基数的影响，这几家公司归母净利润增速达 到723%。 更为重要的是，作为大国博弈的重要筹码，资本市场也为相关公司给予了更高的估值溢价。 比如北方稀土，公司上半年每股收益为0.26元，全年卖方一致性盈利预期值为0.76元，公司股 价则超过了56元。 稀土板块，悄然成为了今年A股最强赛道。 截至8月末，由北方稀土、中国稀土4家公司构成的申万稀土板块，今年以150.8%的平均涨幅 位居申万300多个细分行业的首位。 如果将样本公司范围扩大，稀土行业指数近期更是超越了2015年牛市高点。 今年稀土行业的景气度好于去年。 上海有色数据显示，上半年镨钕金属、镨钕氧化物现货均价分别为54万元/吨、44.1万元/吨， 分别同比上涨11.9%和12.7%。 "虽然受国际贸易等因素影响，市场订单以 ...