Group 1 - Guizhou Moutai announced an investment of 490 million yuan to establish the Guizhou Moutai Distillery (Group) Science and Technology Research Institute, with a focus on integrating research resources and enhancing core competitiveness in the liquor industry [1] - China Nuclear Power plans to invest 1 billion yuan in China Fusion Energy Co., which is a wholly-owned subsidiary of China National Nuclear Corporation, as part of a larger investment round totaling approximately 11.49 billion yuan [2] - Zhejiang Energy Power intends to invest 751 million yuan for a 5% stake in China Fusion Energy Co., joining other investors in a significant funding round aimed at advancing nuclear fusion technology [3] Group 2 - Guangsheng Nonferrous Metals announced that its wholly-owned subsidiary plans to publicly transfer a 3% stake in Guangdong Pearl River Rare Earth Co. for no less than 5.9764 million yuan, expecting to generate approximately 558,800 yuan in investment income [4] - Jinzhi Technology's controlling shareholder will change to Nanjing Zhidi, with a transfer of 64.1324 million shares, representing 16.01% of the total share capital [5] - Guangdian Measurement plans to raise up to 1.3 billion yuan through a private placement to fund various technology projects, including a new generation AI chip testing platform [6] Group 3 - Guanghe Technology is set to invest 30 million yuan to establish a venture capital fund focused on emerging industries, including humanoid robots and AI applications [7] - Geer Software intends to acquire over 51% of Weipin Zhiyuan, a leading digital transformation service provider, as part of its strategy to enhance its capabilities in data intelligence [9] - Goer Technology plans to acquire 100% of the shares of Hong Kong Lianfeng's subsidiaries for approximately 10.4 billion HKD, which have significant expertise in precision component manufacturing [10] Group 4 - Guoguang Electric announced that its director and general manager has been placed under detention, but the company maintains normal operations and control [11]

二、以 9 票同意、0 票反对、0 票弃权，审议通过了《关于全资子 公司拟公开挂牌转让珠江稀土 3%股权的议案》。（详见公司公告"临 特此公告。 广晟有色金属股份有限公司董事会 第九届董事会 2025 年第五次会议决议公告 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。 广晟有色金属股份有限公司（以下简称"公司"）第九届董事会2025 年第五次会议于2025年7月21日，在广州市番禺区汉溪大道东386号广晟 万博城A塔写字楼37楼会议室以通讯方式召开。本次会议通知于2025年7 月16日以书面及电子邮件形式发出。本次会议应出席董事9名，实际出 席董事9名。会议由董事长杨杰先生召集并主持，公司监事和高级管理 人员列席本次会议，会议的召集召开符合《公司法》及《公司章程》的 规定。本次会议作出决议如下： 一、以 9 票同意、0 票反对、0 票弃权，审议通过了《关于华企公 司开展离子型稀土矿生物开采工业应用关键技术研发项目的议案》。 为推动产业升级，加快建立稀土绿色高效开采新理论与新方法，公 司控股子公司平远县华企稀土实业有限公司在 ...

证券简称：广晟有色 证券代码：600259 公告编号：临 2025-038 广晟有色金属股份有限公司 第九届董事会 2025 年第五次会议决议公告 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。 广晟有色金属股份有限公司（以下简称"公司"）第九届董事会2025 年第五次会议于2025年7月21日，在广州市番禺区汉溪大道东386号广晟 万博城A塔写字楼37楼会议室以通讯方式召开。本次会议通知于2025年7 月16日以书面及电子邮件形式发出。本次会议应出席董事9名，实际出 席董事9名。会议由董事长杨杰先生召集并主持，公司监事和高级管理 人员列席本次会议，会议的召集召开符合《公司法》及《公司章程》的 规定。本次会议作出决议如下： 一、以 9 票同意、0 票反对、0 票弃权，审议通过了《关于华企公 司开展离子型稀土矿生物开采工业应用关键技术研发项目的议案》。 广晟有色金属股份有限公司董事会 二○二五年七月二十三日 2 为推动产业升级，加快建立稀土绿色高效开采新理论与新方法，公 司控股子公司平远县华企稀土实业有限公司在前期研究形成离子 ...

Core Viewpoint - The A-share rare earth sector has experienced a significant surge, driven by multiple favorable factors, leading to substantial gains in key stocks such as Northern Rare Earth and Huahong Technology [2][4]. Group 1: Favorable Factors for Rare Earth Sector - The first favorable factor is the impressive performance forecast from Northern Rare Earth, expecting a net profit of 0.9 to 0.96 billion yuan for the first half of the year, representing a year-on-year increase of 1882.54% to 2014.71% [2]. - The second factor is the continuous rise in rare earth ore prices, with Northern Rare Earth and Baotou Steel further increasing the transaction prices for the third quarter by 1.5% [4]. - The third factor is the explosive demand from downstream industries such as electric vehicles and consumer electronics, with projections indicating that China's rare earth market could reach 180 billion yuan by 2030, growing at a compound annual growth rate of 11.50% [4]. - The fourth factor relates to the geopolitical context, where rare earth supply has become a key leverage point in the US-China trade tensions, supporting rare earth prices [4]. - The fifth factor is the macroeconomic cycle influenced by the Federal Reserve's interest rate cuts, which may stimulate global economic growth and increase demand for rare earths [4]. Group 2: Performance of Rare Earth Stocks - A total of 15 rare earth stocks have shown an average increase of 25.25% over the past month, with Huahong Technology leading at a 73.00% increase [6][8]. - Notably, Huahong Technology's mid-year profit forecast indicates a year-on-year growth of 3047% to 3721%, attributed to rising rare earth prices and increased production in its magnetic materials business [6][8]. - The trading activity remains high, with an average turnover rate of 40.79% for the listed stocks, indicating strong market interest [6]. Group 3: Fund Holdings in Rare Earth Stocks - Among the rare earth stocks, 13 companies have attracted fund investments, with Guangsheng Youse having the highest fund holding ratio at 8.16%, which increased by 5.74% from the previous quarter [9][10]. - The majority of companies experienced fund reductions in the second quarter, with Hengdian East Magnet and Ningbo Yunsheng seeing the highest decrease [9]. - Guangsheng Youse's performance turnaround is linked to rising rare earth prices and increased sales of rare earth permanent magnets [9].

Investment Rating - Investment rating: Positive (maintained) [5] Core Views - The rare earth sector is experiencing price increases driven by overseas catalysts, with neodymium oxide rising 7.29% to 478,500 CNY/ton, dysprosium oxide up 2.44% to 1,680,000 CNY/ton, and terbium oxide increasing 0.84% to 7,180,000 CNY/ton [5][12] - Molybdenum prices are fluctuating at high levels due to increased steel demand, with molybdenum concentrate prices rising 4.46% to 3,985 CNY/ton [5][24] - Tungsten prices are at new highs due to supply contraction expectations, with black tungsten concentrate prices increasing 4.07% to 179,000 CNY/ton [5][29] - Tin prices are under pressure with SHFE tin down 1.01% to 264,500 CNY/ton, influenced by raw material shortages from Myanmar [5][37] - Antimony prices are adjusting downwards, with antimony ingot prices falling 1.30% to 190,000 CNY/ton due to reduced smelting output [5][48] - The controllable nuclear fusion materials sector is in a high-growth phase, with significant opportunities for upstream materials [6] Summary by Category Rare Earths - Recent price increases: neodymium oxide up 7.29% to 478,500 CNY/ton, dysprosium oxide up 2.44% to 1,680,000 CNY/ton, terbium oxide up 0.84% to 7,180,000 CNY/ton [5][12] Molybdenum - Molybdenum concentrate price increased 4.46% to 3,985 CNY/ton, while molybdenum iron (Mo60) rose 3.49% to 252,000 CNY/ton [5][24] Tungsten - Black tungsten concentrate price increased 4.07% to 179,000 CNY/ton, and ammonium paratungstate rose 4.35% to 264,000 CNY/ton [5][29] Tin - SHFE tin price decreased 1.01% to 264,500 CNY/ton, and LME tin fell 1.82% to 33,160 USD/ton [5][37] Antimony - Antimony ingot price decreased 1.30% to 190,000 CNY/ton, and antimony concentrate price fell 1.49% to 16,500 CNY/ton [5][48] Nuclear Fusion Materials - The controllable nuclear fusion industry is accelerating commercialization, with significant benefits expected for upstream materials [6]

A股海南板块震荡走强，海峡股份涨超7%，海南瑞泽涨超6%，海南机场、海德股份涨超4%，金盘科 技、罗牛山、广晟有色跟涨。 ...

Group 1 - A total of 1540 A-share listed companies disclosed their performance forecasts for the first half of 2025, with 674 companies expecting positive results, indicating a clear performance divergence [1] - The rise in prices of non-ferrous metals and chemical products has significantly boosted the performance of certain industry-listed companies [1] - In the rare earth sector, it is expected that the net profit attributable to shareholders for the first half of 2025 will be between 136 million yuan and 176 million yuan, marking a turnaround from losses [1] Group 2 - Northern Rare Earth anticipates a net profit attributable to shareholders of 900 million to 960 million yuan for the first half of 2025, representing a year-on-year increase of 1882.54% to 2014.71% [1] - Guangsheng Nonferrous Metals expects a net profit of 70 million to 85 million yuan, also indicating a turnaround from losses [1] - In the gold industry, companies are experiencing strong performance due to rising gold prices, with Shandong Gold forecasting a net profit of 2.55 billion to 3.05 billion yuan, an increase of 84.3% to 120.5% year-on-year [3] Group 3 - The semiconductor industry is benefiting from strong demand for chips and hardware, with companies like Lanke Technology projecting revenue of approximately 2.633 billion yuan, a year-on-year increase of about 58.17% [3] - Lanke Technology also expects a net profit of 1.1 billion to 1.2 billion yuan, reflecting a year-on-year growth of 85.50% to 102.36% [3] - In contrast, around 200 companies are expected to report significant declines in performance, particularly in the chemical sector, which is affected by market price fluctuations [3]

Group 1 - The stock price of Guangsheng Nonferrous (600259) closed at 55.85 yuan on July 18, 2025, with an increase of 1.92% and a turnover rate of 6.74% [1] - On July 18, the net outflow of main funds was 211.74 thousand yuan, accounting for 0.17% of the total transaction amount, while retail investors had a net inflow of 245.15 thousand yuan, accounting for 0.19% [2][4] - Guangsheng Nonferrous held its fourth extraordinary general meeting of shareholders on December 30, 2024, where it approved the proposal to register and issue medium-term notes and ultra-short-term financing bonds, with a maximum issuance of 1 billion yuan [2] Group 2 - The company completed the issuance of its first ultra-short-term financing bond for 2025, with an issuance amount of 400 million yuan, a term of 252 days, and an interest rate of 1.78% [2][4] - The number of compliant subscription applications for this issuance was 14, with a total subscription amount of 765 million yuan, and the effective subscription amount was 515 million yuan [3]

Core Viewpoint - The rare earth permanent magnet sector has seen significant growth, with a notable increase in stock prices and positive earnings forecasts for most companies in the industry, driven by favorable policies and improved supply-demand dynamics [2][4][8]. Industry Summary - The rare earth concept index rose by 5.79%, with key stocks including Northern Rare Earth, Shenghe Resources, China Rare Earth, and Guangsheng Nonferrous [3]. - The sector's performance is supported by a turnaround in earnings, as most rare earth-related companies have reported significant profit increases or have returned to profitability based on their mid-year earnings forecasts [4]. Company Performance - **Huahong Technology**: Expected net profit of 70-85 million yuan, a year-on-year increase of 3047%-3722%, driven by improved supply-demand dynamics and international trade environment [5]. - **Northern Rare Earth**: Forecasted net profit of 900-960 million yuan, with a year-on-year increase of 1883%-2015%, benefiting from reduced processing costs and increased production [5]. - **Ningbo Yunsheng**: Anticipated net profit of 90-135 million yuan, a year-on-year increase of 134%-250%, focusing on new project opportunities [5]. - **Youyan New Materials**: Expected net profit of 114-139 million yuan, a year-on-year increase of 179%-240%, with significant sales growth from subsidiaries [5]. - **Jinli Permanent Magnet**: Forecasted net profit of 300-335 million yuan, a year-on-year increase of 151%-180%, with ongoing R&D in robotics and low-altitude vehicles [5]. - **Dongmag**: Expected net profit of 960-1050 million yuan, a year-on-year increase of 50%-64%, with market expansion efforts showing initial success [5]. - **Shenghe Resources**: Forecasted to turn a profit with net profit of 305-385 million yuan, driven by improved sales and cost management [5]. - **China Rare Earth**: Expected to turn a profit with net profit of 136-176 million yuan, benefiting from rising product prices [5]. - **Guangsheng Nonferrous**: Forecasted net profit of 70-85 million yuan, with significant operational improvements [5]. - **Zhongke Sanhuan**: Expected net profit of 35-52 million yuan, a year-on-year increase of 59%-185%, aided by stable raw material prices [5]. Policy and Market Dynamics - Recent policies have positively impacted the rare earth sector, including export controls and tightened mining quotas, leading to a strategic premium on rare earth resources [8]. - The supply side is tightening due to environmental regulations and illegal capacity removal, while demand is surging from sectors like electric vehicles and robotics, with global sales of new energy vehicles expected to grow by 44% in 2025 [10].