1. Report Industry Investment Rating - No information about the report industry investment rating is provided in the content [1][2] 2. Core Viewpoints of the Report - The report regularly reviews the latest private exchangeable bond (private EB) project information available from public channels and tracks the basic elements of private exchangeable bond projects. It is noted that the issuance terms and processes may change, and the final prospectus should be referred to. The issuance progress should be consulted with the relevant lead underwriters [1] 3. Summary by Related Catalog New Project Information This Week - The 2025 private placement of exchangeable corporate bonds for professional investors by Nanshan Group Co., Ltd. was approved by the exchange. The proposed issuance scale is 3 billion yuan, with the underlying stock being Nanshan Aluminum (600219.SH). The lead underwriter is Jinyuan United Securities, and the exchange update date is December 25, 2025 [1] List of Private EB Projects - Multiple private EB projects are listed, including details such as the bond name, lead underwriter, scale, underlying stock, project status, and update date. For example, the 2025 private placement of exchangeable corporate bonds for professional investors by Jiangsu Guotai International Group Co., Ltd. has a scale of 1.2 billion yuan, with the underlying stock being Ruitaixin Materials, and it was approved on December 8, 2025 [2]

Group 1 - The article highlights the top 20 stocks in the S&P China A-Share Dividend Opportunity Index (CSPSADRP) based on their daily and year-to-date performance as of December 29, 2025 [1][5] - Nanshan Aluminum (600219.SH) leads with a daily increase of 5.99% and a year-to-date increase of 48.46%, along with a dividend yield of 7.78% [1][5] - Luri Co., Ltd. (002083.SZ) shows the highest year-to-date increase at 154.02%, with a daily increase of 3.61% and a dividend yield of 1.23% [1][5] Group 2 - The data indicates that several companies have significant year-to-date gains, such as Tianshan Aluminum (002532.SZ) with a 105.37% increase and Jiangsu Guotai (002091.SZ) with a 34.27% increase [1][5] - Companies like Semir Apparel (002563.SZ) and Tunnel Co. (600820.SH) have experienced negative year-to-date performance, with declines of 14.22% and 3.57% respectively [1][5] - The article provides a comprehensive overview of dividend yields, with Semir Apparel having the highest yield at 9.14% despite its negative performance [1][5]

登录新浪财经APP 搜索【信披】查看更多考评等级 山东南山铝业股份有限公司（以下简称"公司"）近日收到公司控股股东南山集团有限公司（以下简 称"南山集团"）通知，南山集团已经取得上海证券交易所（以下简称"上交所"）出具的《关于对南山集 团有限公司非公开发行可交换公司债券挂牌转让无异议的函》（上证函[2025]4280号，以下简称"《无 异议函》"）。 南山集团拟面向专业投资者非公开发行总额不超过30亿元人民币的可交换公司债券，本次债券采取分期 发行方式，南山集团应在上交所无异议函出具之日起12个月内，按照报送上交所的相关文件组织发行， 无异议函自出具之日起12个月内有效。 截止本公告披露之日，南山集团直接持有公司股份2,330,912,584股，通过其全资子公司山东怡力电业有 限公司持有公司股份2,581,044,590股,合计持有公司股份4,911,957,174股，约占公司已发行总股本的 42.77%。 公司将根据南山集团非公开发行可交换公司债券的进展情况，及时履行信息披露义务。 证券代码：600219 证券简称：南山铝业公告编号：2025-090 山东南山铝业股份有限公司 关于控股股东非公开发行可交换公 ...

Group 1: Market Overview - The three major indices continued to rise, with the Shanghai Composite Index recording an 8-day winning streak, suggesting a potential return to 4000 points by year-end. The total trading volume reached 2.18 trillion yuan, a new high for December [1][27]. Group 2: Metal Sector Performance - The non-ferrous metal sector led the market, with the Non-ferrous ETF Huabao (159876) surging by 3.77%, marking a new high since its listing. The sector has seen a nearly 94% increase year-to-date, making it one of the standout sectors [2][5][27]. - The lithium battery supply chain experienced a significant rise, with the main contract for lithium carbonate breaking through 130,000 yuan per ton, reaching a new high since November 2023. The chemical ETF (516020) also saw a price increase of over 2% [3][28]. Group 3: Investment Outlook - Institutions remain optimistic about the non-ferrous metal sector, with China International Capital Corporation (CICC) predicting that non-ferrous and precious metals will be part of the "first tier" of upward trends in 2026 [2][7]. - Analysts believe that the current market rally is supported by improved fundamentals, liquidity, and a favorable macroeconomic environment, with the non-ferrous metal sector being in a "golden era" [7][35]. Group 4: Aerospace and Military Sector - The commercial aerospace sector remains active, with the successful launch of 17 low-orbit satellites using the Long March 8 rocket, contributing to the rise of the General Aviation ETF (159231) and Military Industry ETF (512810), both gaining over 1% [4][29]. - The Military Industry ETF Huabao (512810) reached a new high, with a weekly increase of 6.05%, significantly outperforming the market [11][39]. Group 5: Brokerage Sector Performance - The brokerage sector showed signs of activity, with the top brokerage ETF (512000) rising by 1.89% at one point during the day, although it only closed up 0.86%. The sector has lagged behind the market, with a year-to-date increase of only 3.96% [18][20][30]. - Analysts suggest that the brokerage sector is entering a new growth cycle, driven by factors such as increased market activity and opportunities in direct financing for technology enterprises [22][23].

山东南山铝业股份有限公司 关于控股股东非公开发行可交换公司债券获得 上海证券交易所无异议函的公告 证券代码：600219 证券简称：南山铝业 公告编号：2025-090 2025 年 12 月 27 日 1 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、准确性和完整性依法承担法律责任 山东南山铝业股份有限公司（以下简称"公司"）近日收到公司控股股东南 山集团有限公司（以下简称"南山集团"）通知，南山集团已经取得上海证券交 易所（以下简称"上交所"）出具的《关于对南山集团有限公司非公开发行可交 换公司债券挂牌转让无异议的函》（上证函[2025]4280号，以下简称"《无异议 函》"）。 南山集团拟面向专业投资者非公开发行总额不超过30亿元人民币的可交换 公司债券，本次债券采取分期发行方式，南山集团应在上交所无异议函出具之日 起12个月内，按照报送上交所的相关文件组织发行，无异议函自出具之日起12 个月内有效。 截止本公告披露之日，南山集团直接持有公司股份2,330,912,584股，通过 其全资子公司山东怡力电业有限公司持有公司股份2,581,044,59 ...

（原标题：南山铝业在海南新设子公司，含货物进出口业务） 企查查APP显示，近日，海南南山铝业有限公司成立，法定代表人为吕正风，经营范围包含：金属材料 销售；金属矿石销售；以自有资金从事投资活动；货物进出口。企查查股权穿透显示，该公司由南山铝 业（600219）全资持股。 ...

Group 1 - The company’s board approved a share repurchase plan using between RMB 300 million and RMB 600 million of its own funds through centralized bidding, aimed at reducing the registered capital [1] - The share repurchase plan is subject to approval at the company’s first extraordinary general meeting in 2026 [1] - The announcement includes details about the top ten shareholders and their respective holdings, which will be disclosed on the Shanghai Stock Exchange [1]

Core Viewpoint - The report highlights the growth and production statistics of China's primary aluminum (electrolytic aluminum) industry, projecting a slight increase in production for 2025 and providing insights into investment opportunities within the sector [1]. Group 1: Industry Overview - As of October 2025, China's primary aluminum (electrolytic aluminum) production is expected to reach 3.8 million tons, reflecting a year-on-year growth of 0.4% [1]. - Cumulative production from January to October 2025 is projected to be 37.753 million tons, indicating a cumulative growth of 2% compared to the previous year [1]. Group 2: Companies Involved - Listed companies in the aluminum sector include China Aluminum (601600), Nanshan Aluminum (600219), Yun Aluminum (000807), Xinjiang Zhonghe (600888), Shenhuo Co. (000933), Zhongfu Industrial (600595), Jiaozuo Wanfang (000612), Dongyangguang (600673), Tianshan Aluminum (002532), and Minfa Aluminum (002578) [1]. Group 3: Research and Consulting - The report is published by Zhiyan Consulting, a leading industry consulting firm in China, which specializes in providing in-depth industry research reports, business plans, feasibility studies, and customized services [1].

Group 1 - Nanshan Aluminum's stock price increased by 2.20% to 5.12 CNY per share, with a trading volume of 619 million CNY and a market capitalization of 58.797 billion CNY as of December 26 [1] - The company has seen a year-to-date stock price increase of 45.29%, with a 7.11% rise in the last five trading days and a 14.95% increase over the past 20 days [1] - Nanshan Aluminum's main business revenue composition includes cold-rolled sheets/plates (52.85%), alumina powder (26.57%), aluminum profiles (10.18%), and aluminum foil (4.02%) [2] Group 2 - For the period from January to September 2025, Nanshan Aluminum achieved operating revenue of 26.325 billion CNY, representing a year-on-year growth of 8.66%, and a net profit attributable to shareholders of 3.772 billion CNY, up 8.09% year-on-year [2] - The company has distributed a total of 12.999 billion CNY in dividends since its A-share listing, with 7.278 billion CNY distributed in the last three years [3] - As of September 30, 2025, the number of shareholders increased to 183,700, with an average of 63,218 circulating shares per person, a decrease of 9.91% from the previous period [2]

Group 1 - Hainan Nanshan Aluminum Industry Co., Ltd. has recently been established, with a legal representative named Lv Zhengfeng [1] - The company's business scope includes the sale of metal materials, sale of metal ores, investment activities with its own funds, and import and export of goods [1] - Nanshan Aluminum holds 100% ownership of the newly established company [1]