Core Viewpoint - Nanshan Aluminum's stock price has shown significant growth recently, with a year-to-date increase of 6.13% and a 48.16% rise over the past 60 days, despite a slight decline of 2.06% on January 8 [1]. Group 1: Stock Performance - As of January 8, Nanshan Aluminum's stock price was reported at 5.71 CNY per share, with a trading volume of 17.95 billion CNY and a turnover rate of 2.68%, resulting in a total market capitalization of 655.72 billion CNY [1]. - The stock has experienced a 7.53% increase over the last five trading days and a 21.13% increase over the last 20 trading days [1]. Group 2: Financial Performance - For the period from January to September 2025, Nanshan Aluminum achieved a revenue of 26.325 billion CNY, reflecting a year-on-year growth of 8.66%, while the net profit attributable to shareholders was 3.772 billion CNY, also showing an 8.09% increase year-on-year [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Nanshan Aluminum reached 183,700, an increase of 11.00% from the previous period, while the average number of circulating shares per shareholder decreased by 9.91% to 63,218 shares [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 over the last three years [3].

Core Viewpoint - The report highlights the growth of China's alumina production, indicating a significant increase in output and projecting future trends in the industry [1] Group 1: Industry Overview - As of November 2025, China's alumina production reached 8.14 million tons, reflecting a year-on-year growth of 7.6% [1] - From January to November 2025, the cumulative alumina production in China totaled 84.657 million tons, marking an 8.4% increase compared to the previous year [1] Group 2: Companies Involved - Listed companies in the alumina sector include China Aluminum (601600), Tianshan Aluminum (002532), Nanshan Aluminum (600219), Yun Aluminum (000807), Shenhuo Co. (000933), Zhongfu Industrial (600595), Jiaozuo Wanfang (000612), Hongchuang Holdings (002379), Minfa Aluminum (002578), and Ningbo Fubang (600768) [1] Group 3: Research and Analysis - The report titled "Analysis of Development Models and Future Prospects of China's Alumina Industry from 2026 to 2032" was published by Zhiyan Consulting, a leading industry consulting firm in China [1] - Zhiyan Consulting has over a decade of experience in industry research, providing in-depth reports, business plans, feasibility studies, and customized services [1]

Group 1 - Notable fund managers have disclosed their latest stock adjustments as the new year begins, with several companies announcing related updates [1] - Fund managers Ge Lan and Tang Xiaobin reduced their holdings in Kelun Pharmaceutical (002422), while Zhao Bei increased her stake [1][2] - Liu Yanchun and Hu Xinwei reduced their holdings in Proya (603605), while Zhou Yun entered the top ten shareholders of Jiazhe New Energy (601619) [1][6] Group 2 - As of December 31, 2025, Ge Lan's fund held 38.1954 million shares of Kelun Pharmaceutical, having reduced by 1.867 million shares compared to the previous quarter [2] - Tang Xiaobin's fund exited the top ten shareholders of Kelun Pharmaceutical by the end of 2025, having reduced holdings from 24.2335 million shares to 13.94 million shares [4] - Zhao Bei's fund increased its holdings in Kelun Pharmaceutical to 22 million shares, up by 2 million shares from the previous quarter [4] Group 3 - Liu Yanchun's fund held 2.6 million shares of Proya as of December 30, 2025, down from 3.332 million shares, indicating a reduction of over 700,000 shares [7] - Hu Xinwei's fund is no longer among the top ten shareholders of Proya [8] - Zhou Yun's fund and the National Social Security Fund 404 combination entered the top ten shareholders of Jiazhe New Energy in the fourth quarter of 2025 [9] Group 4 - The National Social Security Fund 114 combination increased its holdings in Nanshan Aluminum (600219) by 4.3432 million shares in the fourth quarter of 2025 [9] - By the end of 2025, five ETF products were included among the top ten shareholders of Nanshan Aluminum, indicating the growing influence of index funds [9] Group 5 - A significant increase in institutional research activities has been noted, with over 10,000 research sessions conducted in the past month, focusing on sectors such as semiconductors, general equipment, automotive, and artificial intelligence [10] - Fund managers are optimistic about the performance of non-financial listed companies in A-shares for 2025 and 2026, anticipating a stable recovery [10]

Core Viewpoint - The article discusses the recent stock adjustments made by several well-known fund managers, highlighting their changes in holdings in various companies, particularly focusing on Kelong Pharmaceutical and Proya Cosmetics [2]. Group 1: Kelong Pharmaceutical - Fund managers Ge Lan and Tang Xiaobin reduced their holdings in Kelong Pharmaceutical, while Zhao Bei increased her stake [3]. - As of December 31, 2025, Ge Lan's fund held 38.1954 million shares of Kelong Pharmaceutical, a decrease of 1.867 million shares compared to the end of the third quarter [4]. - Tang Xiaobin's fund, Guangfa Multi-Factor Mixed Fund, exited the top ten shareholders of Kelong Pharmaceutical by the end of 2025, having reduced its holdings from 24.2335 million shares to at least 10.2935 million shares [6]. - In contrast, Zhao Bei's fund held 22 million shares of Kelong Pharmaceutical as of December 31, 2025, an increase of 2 million shares from the previous quarter [6]. - The National Social Security Fund's 416 portfolio became the tenth largest shareholder of Kelong Pharmaceutical with 13.9445 million shares by the end of 2025 [7]. Group 2: Proya Cosmetics - Liu Yanchun and Hu Xinwei reduced their holdings in Proya Cosmetics, with Liu's fund holding 2.6 million shares as of December 30, 2025, down from 3.332 million shares [9]. - Hu Xinwei's fund is no longer among the top ten shareholders of Proya Cosmetics [10]. Group 3: Other Companies - Zhou Yun's fund and the National Social Security Fund's 404 portfolio entered the top ten shareholders of Jiazhe New Energy by the end of 2025 [11]. - The National Social Security Fund's 114 portfolio increased its holdings in Nanshan Aluminum by 4.3432 million shares in the fourth quarter of 2025, with five ETF products now included among the top ten shareholders [11]. Group 4: Market Trends - As of early 2026, A-shares stabilized above 4000 points, with over 10,000 institutional research activities focused on sectors like semiconductors and artificial intelligence [13]. - Fund managers express optimism for A-share performance in 2026, anticipating a recovery in earnings growth for non-financial listed companies [13].

Group 1 - The article presents 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 January 7, 2026 [1][5] - The top performer is Tuke Mining (600188.SH) with a daily increase of 3.61% and a year-to-date increase of 6.84%, along with a dividend yield of 5.31% [1][5] - Nanshan Aluminum (600219.SH) ranks second with a daily increase of 2.82% and a year-to-date increase of 8.36%, offering a dividend yield of 6.87% [1][5] Group 2 - Other notable stocks include Daimay Co. (603730.SH) with a daily increase of 1.72% and a year-to-date increase of 1.48%, and Tianshan Aluminum (002532.SZ) with a daily increase of 1.70% and a year-to-date increase of 14.52% [1][5] - The list also features companies like Midea Group (000333.SZ) and China Shenhua (601088.SH), which have year-to-date increases of 1.56% and 1.88%, respectively, with dividend yields of 5.09% and 7.95% [1][5] - The data is sourced from the Shanghai Stock Exchange and reflects the closing prices as of January 7, 2026, with dividend yields calculated up to January 6, 2026 [1][5]

Core Insights - The industrial metals sector experienced a decline of 0.66% on January 7, with Yun Aluminum leading the drop [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] Industrial Metals Sector Performance - Notable gainers included: - Xingye Silver Tin (000426) with a closing price of 42.14, up 4.59%, and a trading volume of 987,000 shares, totaling 4.194 billion yuan [1] - Haomei New Materials (002988) closed at 39.08, up 2.84%, with a trading volume of 52,700 shares, totaling 205 million yuan [1] - Nanshan Aluminum (600219) closed at 5.83, up 2.82%, with a trading volume of 4.5806 million shares, totaling 2.654 billion yuan [1] - Major decliners included: - Yun Aluminum (000807) closed at 33.78, down 3.21%, with a trading volume of 785,100 shares, totaling 2.680 billion yuan [2] - Jiangxi Copper (600362) closed at 55.28, down 2.97%, with a trading volume of 834,100 shares, totaling 4.624 billion yuan [2] - Yunnan Copper (000878) closed at 20.72, down 2.49%, with a trading volume of 1.2246 million shares, totaling 2.551 billion yuan [2] Capital Flow Analysis - The industrial metals sector saw a net outflow of 2.356 billion yuan from institutional investors, while retail investors contributed a net inflow of 2.199 billion yuan [2] - Key stocks with significant capital flow included: - Shenhui Co. (000933) with a net inflow of 28.4 million yuan from institutional investors [3] - Silver Bond Co. (300337) experienced a net outflow of 103 million yuan from institutional investors [3] - Nanshan Aluminum (600219) had a net inflow of 55.34 million yuan from institutional investors [3]

Group 1 - The copper-aluminum price ratio reached 4.49 on December 29, 2025, marking a new high since 2003, with potential acceleration in aluminum replacing copper in certain sectors [2][3] - In the wire and cable industry, aluminum poses a significant substitution threat to copper due to its price advantage and favorable physical properties [2] - New standards related to aluminum heat exchangers are being developed, indicating a shift towards aluminum in HVAC applications [2] Group 2 - There are disruptions in overseas electrolytic aluminum supply, with limited short-term capacity expansion due to issues like power supply agreements and infrastructure constraints [3] - A production line in Iceland faced a temporary shutdown, reducing its capacity significantly, and another facility in Mozambique is expected to enter maintenance due to unresolved power supply agreements [3] - The aluminum consumption structure is shifting, with increased demand from transportation and power sectors, and new growth points emerging from data centers and energy storage [4] Group 3 - Domestic and international policy expectations are solidifying the bottom for alumina prices, with the Chinese government emphasizing management and optimization in resource-intensive industries [5] - China's reliance on imported bauxite is increasing, with Guinea being the largest supplier, and potential market interventions could impact alumina pricing [5] - The forecast for domestic aluminum consumption in 2026 is 57.37 million tons, reflecting a growth rate of over 1.7% year-on-year [4] Group 4 - Companies to watch include Zhongfu Industrial, Yun Aluminum, and Shenhuo, which are expected to benefit from expanding aluminum profits [6] - China Aluminum and Nanshan Aluminum are highlighted for their potential rebound in alumina prices and high dividend expectations [6]

Group 1 - Aluminum stocks continued to rise in the morning session, with Nanshan Aluminum International (02610) up by 12.87%, trading at HKD 61.40 [1][2] - China Hongqiao (01378) increased by 3.91%, reaching HKD 36.64 [1][2] - China Aluminum (02600) saw a rise of 3.09%, priced at HKD 13.68 [1][2]

Group 1 - Aluminum stocks continue to rise, with Nanshan Aluminum up 12.13% to HKD 61, China Hongqiao up 4.08% to HKD 36.7, and China Aluminum up 3.32% to HKD 13.71 [1] - CICC forecasts that aluminum supply will initially be low and then increase by 2026, but overall growth remains limited, with a projected net increase of 1.1 million tons of electrolytic aluminum, a year-on-year growth of 1.5% [1] - The report highlights that despite Indonesia's planned capacity appearing sufficient, power supply issues may hinder the release of electrolytic aluminum capacity [1] Group 2 - Hualian Futures notes that domestic electrolytic aluminum production capacity is stable, and supply-side structural reforms along with dual carbon goals have effectively closed the expansion channel for electrolytic aluminum capacity [1] - Minmetals Futures indicates that geopolitical factors affecting overseas markets are likely to keep precious metals and copper prices high, which will also support aluminum prices [1] - Despite rising aluminum prices potentially suppressing downstream operations, low overseas aluminum inventories and supply disruptions are expected to support continued strong fluctuations in aluminum prices [1]

Core Viewpoint - Nanshan Aluminum (600219) has seen a significant stock price increase of nearly 11% in a bearish market, with a cumulative rise of over 20% this month, indicating strong market interest and potential growth prospects [1] Industry Summary - The global electrolytic aluminum market is currently in a tight balance, with Indonesia being a key marginal supplier. Despite Indonesia's plans for substantial future capacity, the readiness of power supply may lag, potentially delaying production ramp-up [1] - If electrolytic aluminum prices remain stable above $3,000 per ton, the likelihood of planned projects coming online increases significantly. Conversely, if prices fall below $2,800 per ton, future supply releases from Indonesia could decrease by over 40% compared to expectations [1] Company Summary - Nanshan Aluminum's planned electrolytic aluminum project in Indonesia's Bintan Industrial Park aims for a capacity of 1 million tons per year, forming a core part of its integrated "alumina-electrolytic aluminum" industry chain strategy. The first phase targets a construction of 250,000 tons per year, with an investment of approximately 6.063 billion yuan [1] - The project benefits from a solid foundation, as Nanshan Aluminum has already established an alumina plant in the same park with a total designed capacity of 4 million tons per year, ensuring ample raw material supply and significant cost synergy advantages [1]