5月6日，A股三大指数集体高开。截至1 0 : 0 0，创业板指涨至1 . 4 3%。市场上，4 5 8 5只个股上 涨。 本期编辑 金珊 21君荐读 关于胖东来玉石，市监通报来了！此前被网红怼"玉石获百倍暴利" 深夜，伯克希尔大跌 雷军，职务调整！ 板块方面，黄金、稀土永磁、消费电子、服务器、CPO、算力、机器人、6G、金融科技指数 等纷纷走强。 其 中 ， 稀 土 永 磁 概 念 股 震 荡 走 高 ， 盛 和 资 源 涨 停 ， 九 菱 科 技 、 大 地 熊 、 龙 磁 科 技 、 广 晟 有 色、银河磁体、中国稀土涨超5%，中科三环、天和磁材、正海磁材等跟涨。 消息面上，截至5月1日，欧洲镝价已自4月初以来上涨两倍，达到8 5 0美元/公斤；铽价从9 6 5 美元/公斤上涨至3 0 0 0美元/公斤，累计涨幅超2 1 0%。 来源 | 财联社、Wi n d、公开信息等 SFC | 上证指数 | 北证50 深证成指 | | --- | --- | | 3297.87 | 10014.66 1355.19 +18.84 +0.57% +114.83 +1.16% +24.05 +1.81% | | 科创 ...

Core Viewpoint - The rare earth permanent magnet sector has seen a significant surge in stock prices following China's announcement of export controls on seven categories of medium and heavy rare earth materials, leading to record high prices for rare earth metals [1][3]. Group 1: Market Performance - On the first trading day after the holiday, the rare earth permanent magnet sector opened strong, with stocks like Shenghe Resources hitting the daily limit, and others like Jiuling Technology and China Rare Earth also experiencing substantial gains [1][3]. - The prices of rare earth metals have reached record highs, with dysprosium prices doubling to $850 per kilogram and terbium prices soaring from $965 to $3000 per kilogram, marking over a 210% increase [1][3]. Group 2: Fundamental Improvements - The first quarter financial reports indicate a significant improvement in the fundamentals of the rare earth sector, with China Rare Earth reporting a 141.32% year-on-year increase in revenue to 728 million yuan and a net profit turnaround [4]. - Northern Rare Earth expects a net profit of 425 to 435 million yuan for the first quarter of 2025, a year-on-year increase of approximately 716.49% to 735.70% [4]. - The overall market activity for rare earths has improved due to tighter upstream raw material supply and stimulating downstream consumption policies, leading to rising prices for key products like praseodymium and neodymium [4]. Group 3: Future Outlook - Analysts suggest that the current rare earth prices are at a cyclical low, with supply control measures likely to push prices higher, especially with the anticipated mass production of humanoid robots starting in 2025, which could create a demand equivalent to a new rare earth permanent magnet market [4]. - The Chinese rare earth industry holds a dominant position globally, with approximately 70% of rare earth mines and 90% of refining and separation capacity, providing strong countermeasures against U.S. tariff policies [4].

4月4日，中国商务部会同海关总署发布关于对钐、钆、铽、镝、镥、钪、钇等7类中重稀土相关物项实 施出口管制措施的公告，并于发布之日起正式实施。此举被视为对特朗普政府对中国加征所谓"对等关 税"的反击。 稀土是17种金属元素的统称，是重要的战略资源，也是不可再生资源，被誉为现代工业的"维生素"，广 泛应用于工业制造、航空航天、国防军工等领域。中国限制出口的7种元素被归类为更为罕见的中重稀 土，且全球大部分的中重稀土供应都来自中国。 据《日经亚洲》(Nikkei Asia)报道，自中国4月4日宣布对7类中重稀土相关物项实施出口管制后，稀土金 属价格在数周内达到了创纪录的高位。截至5月1日，欧洲镝价已自4月初以来上涨两倍，达到每公斤850 美元(约6180.6元人民币)。铽价则从每公斤965美元(约7016.9元人民币)上涨至3000美元(约21814.1元人民 币)。 北方稀土和广晟有色一季度业绩表现也是惊人。北方稀土一季度实现营收92.87亿元，同比增长61.19%; 归母净利润4.31亿元，同比激增727.30%;扣非净利润4.35亿元，同比增幅高达11622.98%。广晟有色一季 度实现营收15.06亿元，同 ...

Core Viewpoint - The article highlights the significant increase in rare earth metal prices following China's announcement of export controls on seven categories of medium and heavy rare earth elements, leading to potential shortages in overseas markets and a rise in global prices [1][3][4]. Price Surge - As of May 1, the price of dysprosium in Europe has doubled since early April, reaching $850 per kilogram, while terbium has surged from $965 to $3000 per kilogram, marking a cumulative increase of over 210% [1][3][4]. Strategic Importance of Rare Earths - Rare earth metals, referred to as "industrial vitamins," are crucial for enhancing material performance and are widely used in sectors such as renewable energy, aerospace, military, and electronics [1][4][7]. Impact on Supply Chains - Analysts indicate that the export restrictions may lead to a significant impact on the supply chains of electric vehicles and military systems in the U.S., with over 1900 U.S. weapon systems relying on key minerals sourced from China [5][6]. Financial Performance of Rare Earth Companies - In Q1, several rare earth companies reported substantial revenue growth, with China Rare Earth achieving a revenue of 728 million yuan (up 141.32%) and a net profit of 72.6 million yuan, reversing a loss from the previous year [8]. Future Demand and Market Trends - The global demand for rare earth materials is expected to rise, particularly with projections of 10 million electric vehicles sold by 2025 and additional demand from the humanoid robot market, which could add 200,000 to 400,000 tons [9]. Overall Market Outlook - The article suggests that the overall price center for rare earths is likely to rise, with short-term expectations of higher overseas prices compared to domestic prices, and a convergence in the medium term [9].

Industry Overview - Rare earth elements are a group of metals known as "industrial vitamins," consisting of 17 elements including lanthanides and similar elements like scandium and yttrium [1] - The rare earth industry is divided into several steps: mining, smelting, separation, and processing, with applications in wind power, electric vehicles, and smart manufacturing [4][5] Industry Development - China's rare earth production accounts for nearly 70% of global output, with an estimated production of 270,000 tons in 2024 [8] - The revenue of China's rare earth industry has fluctuated, increasing from 247.75 billion yuan in 2019 to 381.56 billion yuan in 2022, with a projected market size of 346.89 billion yuan for 2024 [17][18] Competitive Landscape - The majority of rare earth mining companies are located in Jiangxi and Inner Mongolia, with Jiangxi having the highest number of companies at 197 [23] - Shenghe Resources has the largest revenue in the rare earth sector, with an estimated revenue of 5.44 billion yuan in the first half of 2024, while Xiamen Tungsten achieved over 20% growth in the same period [25] Policy Direction - The Chinese government emphasizes the protection and innovation of the rare earth industry, with multiple policies aimed at supporting and regulating its development [11][13] Future Trends - The demand for rare earth recycling is expected to grow due to the non-renewable nature of these resources and the tightening supply-demand dynamics [28]

证券简称：广晟有色 证券代码：600259 公告编号：临 2025-031 广晟有色金属股份有限公司 关于签订委托管理合同暨关联交易的公告 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。 重要内容提示： 广晟有色金属股份有限公司（以下简称"公司"）拟与广东省稀 土产业集团有限公司（以下简称"广东稀土集团"）、中稀南方稀土（新 丰）有限公司（以下简称"中稀南方"）签订《委托管理合同》，广东 稀土集团将自身业务、资产的经营管理权以及其持有的 9 家下属企业现 有的股东权利委托公司行使，委托管理费用为 20 万元/年；中稀南方将 其经营管理权委托公司行使，委托管理费用为 5 万元/年。 本次交易构成关联交易，不构成重大资产重组，不会导致公司合 并报表范围变更，对公司当期生产经营不会产生重大影响。 本次交易已经第九届董事会 2025 年第二次独立董事专门会议、 第九届董事会 2025 年第四次会议、第九届监事会 2025 年第四次会议审 议通过，无需提交股东大会审议。 一、关联交易概述 为理顺管理关系，广东稀土集团拟将自身业务、资产 ...

广晟有色金属股份有限公司 第九届监事会 2025 年第四次会议决议公告 证券简称：广晟有色 证券代码：600259 公告编号：临 2025-030 本公司监事会及全体监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"）第九届监事会 2025 年第四次会议，于 2025 年 4 月 29 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 4 月 18 日以书面及电子邮件形式发出，会议应出 席监事 5 名，实际出席监事 5 名。会议由监事会主席舒艺先生召集并 主持，本次会议的召集召开符合《公司法》和《公司章程》的有关规 定。会议作出决议如下： 一、以 5 票同意、0 票反对、0 票弃权，审议通过了《公司 2025 年第一季度报告》。 第九届监事会在对《公司 2025 年第一季度报告》审核后认为： 1、《公司 2025 年第一季度报告》的编制和审议程序符合法律、 法规、《公司章程》及公司内部管理制度的有关规定； 2、《公司 2025 ...

一、以 9 票同意、0 票反对、0 票弃权，审议通过了《公司 2025 年 第一季度报告》。 公司编制的《2025 年第一季度报告》真实、准确、完整的反映了公 司 2025 年第一季度的财务状况和经营结果，不存在任何虚假记载、误 导性陈述、舞弊行为和重大遗漏。 证券简称：广晟有色 证券代码：600259 公告编号：临 2025-029 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 第九届董事会 2025 年第四次会议决议公告 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 年第四次会议于2025年4月29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4 月18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： 三、以 9 票同意、0 票反对、0 票弃权， ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,506,361,190.27, a decrease of 14.05% compared to CNY 1,752,590,421.48 in the same period last year[4] - Net profit attributable to shareholders was CNY 47,271,220.42, a significant recovery from a loss of CNY 303,953,720.68 in the previous year[4] - Basic earnings per share increased to CNY 0.14 from a loss of CNY 0.90 in the same period last year[4] - Total operating revenue for Q1 2025 was ¥1,506,361,190.27, a decrease of 14.06% compared to ¥1,752,590,421.48 in Q1 2024[18] - Net profit for Q1 2025 was ¥38,319,163.55, a significant recovery from a net loss of ¥322,013,457.12 in Q1 2024[20] - Operating profit for Q1 2025 was ¥49,814,213.95, compared to an operating loss of ¥379,429,058.47 in Q1 2024[19] - Total comprehensive income for Q1 2025 was ¥38,319,163.55, compared to a total comprehensive loss of ¥322,013,457.12 in Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,786,559,872.81, up 4.80% from CNY 7,429,995,571.24 at the end of the previous year[5] - The company's current assets totaled ¥3,828,917,503.43, up from ¥3,497,305,649.64, indicating an increase of about 9.5%[13][15] - Total liabilities increased to ¥4,109,159,748.68 from ¥3,792,749,989.22, indicating a growth of approximately 8.3%[15] - The company's equity attributable to shareholders rose to ¥3,408,981,158.16 from ¥3,360,054,579.07, reflecting an increase of about 1.5%[15] Cash Flow - The company reported a net cash outflow from operating activities of CNY -34,547,957.04, an improvement from CNY -299,888,971.85 in the previous year[4] - Cash flow from operating activities for Q1 2025 was negative at -¥34,547,957.04, an improvement from -¥299,888,971.85 in Q1 2024[21] - Cash inflow from operating activities totaled ¥2,063,046,130.30 in Q1 2025, compared to ¥2,160,279,608.71 in Q1 2024[23] - Net cash flow from investing activities was -$29,447,871.04, slightly decreased from -$29,373,971.22 year-over-year[24] - Cash inflow from financing activities totaled $1,051,631,907.63, down from $1,386,940,417.69 in the previous period[24] - Net cash flow from financing activities was $108,945,138.00, a significant decrease from $425,870,174.17 year-over-year[24] - The net increase in cash and cash equivalents was $44,845,950.37, down from $95,112,718.69 in the previous period[24] - The ending balance of cash and cash equivalents was $664,880,470.85, compared to $819,733,738.30 last year[24] Accounts Receivable and Inventory - Accounts receivable increased by 62.97% due to an increase in credit sales during the reporting period[6] - Inventory levels rose by 31.39% as a result of increased stockpiling by trading companies[7] - Accounts receivable rose significantly to ¥176,559,460.67 from ¥108,338,013.25, marking an increase of around 63.1%[13][15] - Inventory levels increased to ¥2,246,020,803.68 from ¥1,709,475,380.84, which is an increase of approximately 31.4%[13][15] Borrowings and Debt - Short-term borrowings surged by 104.38%, primarily due to an increase in bank short-term loans[7] - Short-term borrowings surged to ¥1,229,052,421.99 from ¥601,362,873.34, representing an increase of about 104.1%[14][15] - Cash outflow for debt repayment was $895,330,026.96, compared to $810,000,000.00 last year[24] Research and Development - Research and development expenses decreased to ¥6,454,427.11 in Q1 2025 from ¥9,511,148.97 in Q1 2024, a reduction of 32.15%[19] Investment Income - Investment income for Q1 2025 was ¥55,900,192.22, up 48.54% from ¥37,594,775.03 in Q1 2024[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,005[8] - The company has not reported any significant changes in shareholder structure or participation in margin financing activities during the reporting period[11] Accounting Standards - The company will not apply new accounting standards starting from 2025[24]

广晟有色（600259）公告，2025年第一季度营收为15.06亿元，同比下降14.05%；净利润为4727.12万 元，去年同期净亏损3.04亿元。 ...