Core Viewpoint - Huayang New Materials (600281) experienced a significant increase of 7.75% in stock price, with a trading volume of 9.98 billion yuan and a turnover rate of 27.09% on the day of reporting [2] Trading Activity - The stock was listed on the Shanghai Stock Exchange's "Dragon and Tiger List" due to its turnover rate reaching 27.09%, with a total net sell of 61.83 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction volume of 175 million yuan, with a buying amount of 56.40 million yuan and a selling amount of 118 million yuan, resulting in a net sell of 61.83 million yuan [2] - The largest buying brokerage was Dongfang Caifu Securities, with a purchase amount of 13.83 million yuan, while the largest selling brokerage was Guotai Haitong Securities, with a selling amount of 40.50 million yuan [2] Fund Flow - The stock saw a net outflow of 51.94 million yuan in main funds today, with a significant outflow of 24.63 million yuan from large orders and 27.31 million yuan from major funds [3] - Over the past five days, the main funds experienced a net inflow of 94.64 million yuan [3] Financial Performance - In the first quarter, the company reported a total revenue of 92.41 million yuan, representing a year-on-year growth of 120.89%, and a net profit of 98.82 million yuan, reflecting a year-on-year increase of 482.00% [3]

Core Viewpoint - Shanxi Huayang New Materials Co., Ltd. has faced significant market attention due to abnormal stock price fluctuations, with the company clarifying that its main business is not related to the rare earth permanent magnet sector [1][3]. Group 1: Company Overview - The core business of Huayang New Materials is precious metal recycling and processing, with an annual production capacity of 2,500 kg for platinum mesh products and a disposal capacity of 1,000 tons for precious metal-containing waste catalysts [3]. - The company reported a total revenue of 387 million yuan and a net loss attributable to shareholders of 186 million yuan [3]. Group 2: Stock Performance - The stock price of Huayang New Materials started at a low of 5 yuan per share on June 6 and saw a cumulative increase of over 66% by June 17, with multiple instances of hitting the daily limit [3]. - On June 16, the stock price dropped over 7% due to misinterpretation as a rare earth permanent magnet concept stock, followed by a rebound on June 17, where it reached a limit of 7.68 yuan [5]. Group 3: Financial Analysis - The company has experienced continuous net losses from 2021 to 2024, with a projected revenue growth of 43% in 2024 but only a marginal reduction in net loss by 13.5 million yuan [5]. - In Q1 2025, the company achieved a net profit of 98.81 million yuan through non-recurring gains from land use rights transfer, but the core business still reported a net loss of 26.56 million yuan [5]. Group 4: Market Sentiment and Regulatory Environment - Analysts indicate that the stock price volatility is primarily driven by market speculation surrounding the "rare earth permanent magnet" concept, with investors potentially facing significant risks if they continue trading based on incorrect expectations [6]. - Regulatory scrutiny has increased, with several companies facing inquiries due to stock price fluctuations caused by concept misinterpretation, highlighting the need for investors to be cautious amid market irrationality [6].

Group 1 - The non-ferrous metal sector continues to rise, with Huayang New Materials (600281) hitting the daily limit up [1] - Beifang Copper Industry (000737) increased by over 7% [1] - Luoping Zinc & Electricity (002114), Pengxin Resources (600490), and Jiangxi Copper (600362) also experienced gains [1]

Core Viewpoint - Yangmei Chemical has received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation for failing to disclose non-operating fund transactions as required by law [1] Group 1 - The company and its former controlling shareholder, Huayang New Materials Technology Group, have both received formal notices from the CSRC indicating that they are under investigation [1] - The investigation is based on allegations of non-compliance with the Securities Law of the People's Republic of China and the Administrative Penalty Law [1] - During the investigation, the company will cooperate with the CSRC and adhere to legal and regulatory disclosure obligations [1] Group 2 - The company has confirmed that all involved funds have been returned, and its production and business activities are currently normal [1]

公司指定信息披露媒体为《上海证券报》《中国证券报》及上海证券交易所网站 (hppts://www.sse.com.cn)，公司所发布的信息均以上述指定媒体刊登的公告为准。敬 请广大投资者理性投资，注意投资风险。 特此公告。 山西华阳新材料股份有限公司董事会 2025 年 6 月 25 日 山西华阳新材料股份有限公司 关于公司相关方收到中国证券监督管理委员会 立案告知书的公告 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。 山西华阳新材料股份有限公司（以下简称"公司"）从相关方华阳新材料科技集团 有限公司（以下简称"华阳集团"，公司控股股东太化集团的托管方）获悉，华阳集团 于近日收到中国证监会《立案告知书》（编号：证监立案字 0172025002 号），因华阳集 团 2021 年占用阳煤化工股份有限公司（以下简称"阳煤化工"）资金，导致阳煤化工涉 嫌未按规定披露非经营性资金往来，根据《中华人民共和国证券法》《中华人民共和国 行政处罚法》等法律法规，中国证监会决定对华阳集团予以立案。 该事项不涉及本公司，与本公司无关，不会对公司正 ...

Core Viewpoint - Huayang New Materials (600281.SH) announced that its controlling shareholder, Huayang Group, received a notice from the China Securities Regulatory Commission regarding an investigation due to the improper use of funds from Yangmei Chemical in 2021, which led to allegations of failure to disclose non-operating fund transactions as required. This matter does not involve Huayang New Materials and will not affect the company's normal production and operational activities. The company has no instances of fund occupation by its controlling shareholder or other related parties [1]. Group 1 - Huayang Group received a notice from the China Securities Regulatory Commission regarding an investigation [1] - The investigation is related to the improper use of funds from Yangmei Chemical in 2021 [1] - The allegations involve failure to disclose non-operating fund transactions as required [1] Group 2 - The matter does not involve Huayang New Materials [1] - There will be no impact on the company's normal production and operational activities [1] - The company has no instances of fund occupation by its controlling shareholder or other related parties [1]

山西华阳新材料股份有限公司（以下简称"公司"）股票于2025年6月18日、6月 19日、6月20日连续三个交易日内收盘价格跌幅偏离值累计达到20%。根据《上海证券交 易所交易规则》的有关规定，属于股票交易异常波动情形。 经公司自查并向本公司控股股东及相关方核实，不存在应披露而未披露的重大信 息。敬请广大投资者注意二级市场交易风险，理性决策，审慎投资。 证券代码：600281 证券简称：华阳新材 公告编号：临 2025-037 山西华阳新材料股份有限公司 关于股票交易异常波动暨风险提示的公告 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： （三）媒体报道、市场传闻、热点概念情况 经公司自查，公司目前尚未发现对公司股票交易价格产生较大影响的媒体报道或市 场传闻，以及热点概念事项等。 （四）其他股价敏感信息 经公司自查，公司未发现其他有可能对公司股价产生较大影响的重大事件。经核实， 公司控股股东太化集团、相关方华阳集团及公司董事、监事、高级管理人员在公司本次 股票交易异常波动期间不存在买卖公司股票的情况。 一、股票交 ...

关于对山西华阳新材料股份有限公司 股票交易异常波动征询函的复函 2025 年 6 月 20 日 经核查，现函复如下：我司作为你公司的相关方，截止 目前不存在影响你公司股票交易异常波动的重大事项、不存 在其他应披露而未披露的重大信息，包括但不限于重大资产 重组、股份发行、重大交易类事项、业务重组、股份回购、 股权激励、破产重整、重大业务合作、引进战略投资者等重 大事项。在你公司本次股票交易价格异常波动期间，不存在 买卖你公司股票的情况。 特此函复。 华阳新材料科技集团有限公司 山西华阳新材料股份有限公司： 我司于 2025 年 6 月 20 日收到你公司发来的《山西华阳 新材料股份有限公司关于股票交易异常波动的征询函》。 ...

特此函复。 太原化学工业集团有限公司 关于对山西华阳新材料股份有限公司 股票交易异常波动征询函的复函 山西华阳新材料股份有限公司： 我司于 2025 年 6 月 20 日收到你公司发来的《山西华阳 新材料股份有限公司关于股票交易异常波动的征询函》。 经核查，现函复如下：我司作为你公司的控股股东，截 止目前不存在影响你公司股票交易异常波动的重大事项、不 存在其他应披露而未披露的重大信息，包括但不限于重大资 产重组、股份发行、重大交易类事项、业务重组、股份回购、 股权激励、破产重整、重大业务合作、引进战略投资者等重 大事项。在你公司本次股票交易价格异常波动期间，不存在 买卖你公司股票的情况。 2025 年 6 月 20 日 ...

关于对山西华阳新材料股份有限公司 股票交易异常波动征询函的复函 特此函复。 太原化学工业集团有限公司 2025 年 6 月 17 日 山西华阳新材料股份有限公司： 我司于 2025 年 6 月 17 日收到你公司发来的《山西华阳 新材料股份有限公司关于股票交易异常波动的征询函》。 经核查，现函复如下：我司作为你公司的控股股东，截 止目前不存在影响你公司股票交易异常波动的重大事项、不 存在其他应披露而未披露的重大信息，包括但不限于重大资 产重组、股份发行、重大交易类事项、业务重组、股份回购、 股权激励、破产重整、重大业务合作、引进战略投资者等重 大事项。在你公司本次股票交易价格异常波动期间，不存在 买卖你公司股票的情况。 ...