证券简称：广晟有色 证券代码：600259 公告编号：临 2025-067 中稀有色金属股份有限公司 关于变更公司名称并完成工商变更登记的公告 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。 中稀有色金属股份有限公司（以下简称"公司"）于 2025 年 11 月 24 日召开第九届董事会 2025 年第九次会议、于 2025 年 12 月 10 日召开 公司 2025 年第五次临时股东会，审议通过了《关于拟变更公司名称并 修订<公司章程>的议案》，同意公司中文名称"广晟有色金属股份有限 公司"变更为"中稀有色金属股份有限公司"，英文名称"Rising Nonferrous Metals Share Co.,Ltd."变更为"China Rare Earth Nonferrous Metals Co.,Ltd."，并修订公司章程。具体内容详见公司于 2025 年 11 月 25 日在上海证券交易所网站（www.sse.com.cn）上披露的《关于变更公 司名称并修订<公司章程>的公告》（公告编号：临 2025-060）。 公司 ...

证券代码：600259 证券简称：广晟有色 公告编号：2025-068 中稀有色金属股份有限公司 证券简称变更实施公告 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： 变更后的股票证券简称：中稀有色， 股票证券代码"600259" 保持不变 证券简称变更日期：2025 年 12 月 31 日 局换发的《营业执照》。具体内容详见公司于 2025 年 12 月 27 日在上 海证券交易所网站（www.sse.com.cn）上披露的《关于变更公司名称 并完成工商变更登记的公告》（公告编号：临 2025-067）。 二、 公司董事会关于变更证券简称的理由 公司坚持聚焦主责主业，重点围绕稀土产业上下游，同步拓展钨、 铜等战略性稀有金属资源开发和应用，为全面融入中国稀土集团有限 公司，更好发挥自身上游稀土资源优势和粤港澳大湾区地域优势，提 高公司知名度及美誉度，深化品牌效应，聚力增强核心功能，提升核 心竞争力。 为使证券简称与公司名称相匹配，将公司证券简称由"广晟有色" 变更为"中稀有色"。变更后的公司名称、证券简称有利 ...

Core Viewpoint - Guangsheng Nonferrous Metal Co., Ltd. has experienced significant stock price fluctuations and changes in shareholder composition, reflecting both challenges and opportunities in its financial performance and market positioning [1][2][3]. Financial Performance - As of September 30, 2025, Guangsheng Nonferrous reported a revenue of 4.634 billion yuan, a year-on-year decrease of 46.97% [2]. - The net profit attributable to shareholders reached 128 million yuan, showing a substantial year-on-year increase of 146.30% [2]. - The company has cumulatively distributed 4.268 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Stock Market Activity - On December 24, Guangsheng Nonferrous's stock price fell by 2.00%, trading at 52.86 yuan per share, with a total market capitalization of 17.784 billion yuan [1]. - The stock has increased by 90.08% year-to-date, with a 5.68% rise over the last five trading days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent occurrence on June 4 [1]. Shareholder Composition - As of September 30, 2025, the number of shareholders increased to 60,900, a rise of 9.77% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 8.90% to 5,522 shares [2]. - New significant shareholders include Hong Kong Central Clearing Limited and several mutual funds, indicating a shift in institutional investment [3].

Core Viewpoint - The official launch of the Hainan Free Trade Port's full island customs operation on December 18, 2025, marks a significant milestone in China's reform and opening-up, aiming to create a highly convenient business environment with policies characterized by "one line open, one line controlled, and free movement within the island" [2][5]. Group 1: Strategic Significance - Hainan Free Trade Port construction provides a Chinese solution for global economic cooperation amidst globalization challenges, exploring a system that aligns with international high-standard economic and trade rules [6]. - The design of "one line open, one line controlled" positions Hainan as a "converter" between domestic and international markets, facilitating the introduction of advanced international production factors to support domestic industrial upgrades [7]. - Hainan's development is expected to strengthen regional cooperation with areas like the Guangdong-Hong Kong-Macao Greater Bay Area, enhancing collaboration with inland provinces and creating a new pattern of coordinated development [8]. - Hainan aims to become a source of national innovation by focusing on future industries such as seed industry, deep sea, aerospace, green, and digital economy [9]. Group 2: Policy Benefits - The scope of "zero tariff" has significantly expanded, with the proportion of zero-tariff items increasing from 21% to 74%, covering approximately 6,600 tariff items, which lowers import and operational costs for enterprises [10]. - A "double 15%" tax incentive is available for eligible enterprises and core talents, offering a competitive income tax rate of 15%, alongside visa-free entry for 86 countries [11]. - The increase in duty-free shopping limits and the expansion of duty-free categories enhance consumer access to quality imported goods [12]. - Trade facilitation policies will benefit sectors such as tourism, aviation, logistics, and duty-free industries, marking a shift towards a system-oriented openness in China's economic model [13]. Group 3: Beneficiary Companies - **Duty-Free Consumption**: China Duty Free Group (601888) is expected to benefit directly from the expansion of duty-free policies, with significant revenue contributions from Sanya International Duty-Free City [14]. - **Transportation and Logistics**: Hainan Airport (600515) operates two major international airports, with a high international route coverage, while Hainan Highway (600238) is involved in key infrastructure projects [17][18]. - **Infrastructure and Manufacturing**: Hainan Ruize (002596) anticipates a 25% increase in construction orders due to the customs operation, while Jinpan Technology (688676) benefits from tax incentives and infrastructure projects [19]. - **Healthcare**: Kangzhi Pharmaceutical (300086) is positioned to accelerate the approval of innovative medical products, while Hainan Haiyao (000566) benefits from reduced R&D costs due to zero tariffs [21][22]. - **New Energy and Advanced Manufacturing**: Haima Automobile (000572) is transitioning to new energy vehicles, benefiting from reduced equipment costs and tax incentives [23]. - **Other Specialty Enterprises**: Hainan Rubber (601118) and Hainan Mining (601969) are expected to see growth in exports and resource development opportunities due to the Free Trade Port's establishment [24][25].

Group 1 - The price of Chinese black tungsten concentrate (≥65% domestic) has risen to 449,600 CNY per ton, with a daily increase of 19,900 CNY, representing a growth of approximately 4.63%, and a year-to-date increase of 214.87% [1] - Tungsten powder spot average price reported at 1,090,000 CNY per ton, with a significant daily increase of 72,500 CNY, reflecting a rise of about 7.1%, continuing the strong price trend observed throughout the year [1] - From 2025 to 2028, global tungsten production is expected to increase from 82,800 tons to 89,900 tons, while demand is projected to rise from 102,100 tons to 110,000 tons, indicating a persistent supply-demand gap [1] Group 2 - Companies such as Xiamen Tungsten (600549) and China Tungsten High-Tech (000657) are forecasted to see a year-on-year net profit increase of over 40% in 2025, while Luoyang Molybdenum (603993) and Zhangyuan Tungsten (002378) are expected to have net profit growth exceeding 30% [1] - Guangsheng Nonferrous (600259) is anticipated to achieve a turnaround from loss to profit [1] - The marginal demand for tungsten-based new materials in new application fields such as AI, controllable nuclear fusion, and new infrastructure will provide long-term support for tungsten prices [1]

Core Viewpoint - The rare earth market is experiencing a mixed price trend, with praseodymium and neodymium products seeing price increases, while dysprosium and terbium products are declining. The overall market activity is increasing, particularly in the praseodymium and neodymium segment, suggesting a potential for continued price growth in the near term [1]. Price Trends - Praseodymium oxide averages at 590,600 CNY/ton, up by 15,200 CNY/ton - Neodymium metal averages at 714,300 CNY/ton, up by 15,500 CNY/ton - Dysprosium oxide averages at 1,360,000 CNY/ton, down by 26,700 CNY/ton - Terbium oxide averages at 6,065,000 CNY/ton, down by 35,000 CNY/ton [1]. Market Activity - The tightening supply of praseodymium and neodymium products has led to tentative price increases by suppliers, despite stable purchasing conditions from downstream buyers - Market activity has significantly increased, with an expectation for the upward trend in praseodymium and neodymium prices to continue [1]. A-Share Market Performance - Stock performance of rare earth permanent magnet concept stocks on December 22, 2025: - Guangsheng Youse (600259) latest price: 55.97 CNY, up by 5.81%, trading volume: 1.48 billion CNY - Yahua Group (002497) latest price: 23.68 CNY, up by 4.83%, trading volume: 1.22 billion CNY - Goldwind Technology (002202) latest price: 16.89 CNY, up by 4.26%, trading volume: 2.68 billion CNY - Zhongkuang Resources (002738) latest price: 68.55 CNY, up by 4.05%, trading volume: 1.99 billion CNY - Tongcheng New Materials (603650) latest price: 46.48 CNY, up by 4.03%, trading volume: 1.20 billion CNY [1].

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600456 | 宝钛股份 | 35.60 | -1.68% | 31.99万 | | 11.40亿 | | 600301 | 华锡有色 | 40.38 | -1.32% | 8.99万 | | 3.68亿 | | 920068 | 天工股份 | 18.63 | -1.22% | 4.17万 | | 7857.67万 | | 002149 | 西部材料 | 37.30 | -1.11% | 145.58万 | | 55.98亿 | | 600111 | 北方稀土 | 45.55 | 0.11% | 57.47万 | | 26.16 Z | | 002978 | 安宁股份 | 31.95 | 0.22% | 5.07万 | | 1.62亿 | | 688750 | 金天钛业 | 19.04 | 0.26% | 7.06万 | | 1.34亿 | | 001280 | 中国锦业 | 64.43 | 0.45% | 23.91万 | | ...

开源证券认为，制度层面降本增效将持续改善经营主体成本结构，提升货物贸易自由化与便利化水平， 并增强市场活跃度。从消费端看，政策红利将进一步放大海南在旅游与消费领域的吸引力，有利于带动 旅游消费及相关零售业态扩容升级。 （文章来源：21世纪经济报道） 12月22日，A股市场高开高走，从板块来看，海南自贸概念全线爆发，神农种业与康芝药业均20CM涨 停，海南发展、海南矿业、罗牛山、凯撒旅业等24股涨停，中钨高新、金盘科技、广晟有色等个股跟 涨。 消息面上，"海南封关'零关税'带来哪些红利"冲上百度热搜第三位，市场对自贸港政策落地的预期全面 升温。封关运作标志着全球面积最大的自由贸易港进入全新发展阶段。其核心是实施"一线放开、二线 管住、岛内自由"的海关监管制度。最直接的政策红利是"零关税"水平的跃升：商品税目从封关前的 1900多个大幅扩增至约6600个，占全部商品税目的比例从21%提升至74%，基本覆盖了主要的生产设备 和原材料。有分析预计，这将为相关企业降低约20%的进口税负成本。 ...

Group 1 - The A-share market indices experienced a slight increase today, with strong performance in thematic concept stocks, particularly in the rare metals sector, where companies like Western Materials hit the daily limit, and China Steel Tianyuan and Guangsheng Nonferrous rose over 6% [1] - Since the beginning of this year, prices of minor metals have been on the rise, leading to a strong breakout in the rare metals sector. Notably, the rare metals ETF (562800) has seen a cumulative net inflow of over 2 billion yuan in the past six months [1] - Analysts from brokerage firms believe that the optimization of the supply-demand structure in the metal industry and liquidity premiums may further boost the prices and valuation elasticity of minor metal sectors. Historical data indicates that during the Federal Reserve's expansionary monetary policy cycles, minor metals have experienced average price increases ranging from 40% (tin) to 88% (rare earths) [1] Group 2 - The limited reserves of strategic minor metals, along with the challenges in mining and insufficient supply elasticity, are exacerbated by the rapid growth in downstream demand from sectors such as new energy, semiconductors, and military industries. This creates a supply-demand imbalance [2] - Given the ongoing scarcity of resources, the upgrading of demand structures, and policy adjustments, the prices of rare metals are expected to continue their upward trend. Companies with resource reserve advantages, technical barriers, and compliant export channels are likely to benefit [2] - The rare metals ETF (562800) tracks the CSI Rare Metals Theme Index, which selects no more than 50 listed companies involved in the mining, smelting, and processing of rare metals to reflect the overall performance of rare metals theme stocks [2]

Core Viewpoint - Guangsheng Nonferrous Metal Co., Ltd. has seen a stock price increase of 5.2% to 52.44 CNY per share, with a total market capitalization of 17.643 billion CNY as of December 19 [1] Group 1: Company Overview - Guangsheng Nonferrous Metal Co., Ltd. is located in Guangzhou, Guangdong Province, and was established on June 18, 1993, with its listing date on May 25, 2000 [1] - The company's main business involves the mining and processing of nonferrous metals, with revenue composition of 59.32% from commercial activities and 40.68% from industrial activities [1] Group 2: Shareholder Information - Silver Hua Fund has a presence among the top ten circulating shareholders of Guangsheng Nonferrous, with its Silver Hua Xinjia Two-Year Holding Mixed Fund (010730) newly entering the top ten in Q3, holding 2.1057 million shares, which is 0.63% of circulating shares [2] - The fund has achieved a year-to-date return of 48.91% and a one-year return of 45.79%, ranking 913 out of 8098 and 989 out of 8067 respectively [2] Group 3: Fund Manager Performance - The fund managers of Silver Hua Xinjia Two-Year Holding Mixed Fund include Zhang Teng, Li Xiaoxing, and Du Yu, with Zhang Teng having a tenure of 10 years and 280 days, achieving a best return of 96.89% during his tenure [3] - Li Xiaoxing has a tenure of 10 years and 169 days, with a best return of 259.08%, while Du Yu has been in the role for 6 years and 11 days, achieving a best return of 81.25% [3] Group 4: Fund Holdings - Silver Hua Fund's Silver Hua Ruihe Flexible Allocation Mixed A Fund (005544) has increased its holdings in Guangsheng Nonferrous by 403,100 shares, now holding 472,200 shares, which constitutes 4.79% of the fund's net value [4] - The fund has achieved a year-to-date return of 49.24% and a one-year return of 43.46%, ranking 891 out of 8098 and 1142 out of 8067 respectively [4]