Core Viewpoint - The recent shift in China's export control policy for compliant antimony products is expected to alleviate the downward pressure on antimony prices, with a potential price increase anticipated in August and September [1][2]. Group 1: Antimony Price Trends - Antimony prices have experienced a cycle of decline, increase, decline, and stabilization since H2 2024, with export demand being a key variable influencing these changes [1]. - The price dynamics are influenced by several factors, including export control measures, photovoltaic glass production adjustments, and smuggling activities [2][3]. Group 2: Export Control and Smuggling - Following the implementation of export controls in September 2024, the price gap between domestic and international markets widened significantly, leading to increased smuggling activities [2]. - The Chinese government has initiated a special action to combat the smuggling of strategic minerals, resulting in a substantial decline in antimony export volumes [2]. Group 3: Future Outlook - The recent easing of export management signals a potential recovery in export volumes, with expectations for improvement in August and September [3]. - Projections indicate that the marginal supply-demand balance for antimony may reverse in Q3 2025, potentially driving prices upward [4].

从资金流向上来看，当日小金属板块主力资金净流入5000.67万元，游资资金净流入537.53万元，散户资 金净流出5538.2万元。小金属板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002167 | 东方错业 | 12.72 | 1.19% | 66.93万 | 8.56亿 | | 600301 | 华锡有色 | 22.43 | 0.95% | 7.47万 | · 1.68亿 | | 600281 | 华阳新材 | 6.82 | 0.59% | 16.88万 | 1.15亿 | | 002378 | 章源钨业 | 9.09 | 0.55% | 1 30.32万 | 2.76亿 | | 600111 | 北方稀土 | 36.45 | 0.41% | 133.59万 | 48.48 乙 | | 301026 | 浩通科技 | 27.19 | 0.33% | 2.68万 | 7285.68万 | | 002182 | 宝武镁业 | 12.19 | 0.33% | 11.1 ...

Group 1 - Lianyungang's major projects have shown improved performance in terms of commencement and investment completion rates, with an 85.7% commencement rate and an investment of 86.07 billion yuan in 517 key industrial projects [1][2] - The industrial projects, totaling 387, focus on advanced manufacturing, new energy, and new materials, aligning with Lianyungang's strategy of "industrial city, strong industry" [1][2] - The EVA production facility by Shenghong Chemical has commenced partial operations, achieving a monthly capacity of 60,000 tons, with all products pre-sold [1][2] Group 2 - Shenghong has set a new benchmark for project efficiency, with production lines coming online ahead of schedule, addressing urgent needs of downstream enterprises [2][3] - A robust photovoltaic industry chain is forming in Lianyungang, attracting major players like JA Solar and Baijia [2][3] - The city is actively promoting major projects as a driving force for economic growth, with a focus on overcoming challenges and enhancing support [2][3] Group 3 - Significant projects in Lianyungang include a large-scale peptide drug production facility and a salmon farming project, which are expected to generate substantial revenue and tax income [3][4] - The local government is providing comprehensive support for project execution, ensuring timely approvals and addressing funding challenges through various initiatives [4] - Cost-reduction measures in the petrochemical sector have led to significant savings for enterprises, with a focus on optimizing resource utilization and reducing operational costs [4]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The copper market shows a steady upward trend in demand, with a focus on observing global inventory levels and U.S. demand recovery [13] - The aluminum sector is stabilizing at the bottom, facing seasonal pressures and production adjustments [15] - Precious metals, particularly gold, are gaining attractiveness as a safe haven due to geopolitical tensions and economic uncertainties [16] - The rare earth sector is expected to see price increases due to supply constraints and policy changes, benefiting leading state-owned enterprises [32] - The antimony market is stabilizing with expectations of price recovery driven by export improvements and domestic production cuts [34] - Molybdenum prices are on the rise due to supply disruptions and increasing demand from the steel industry [35] - Tin prices are under slight pressure but supported by strong inventory levels and demand recovery in related sectors [36] Summary by Sections 1. Base and Precious Metals Market Overview - Copper prices decreased by 1.66% to $9,633.00 per ton on LME, with domestic inventory down 0.1 thousand tons to 11.93 thousand tons [1] - Aluminum prices fell by 2.26% to $2,571.50 per ton on LME, with domestic electrolytic aluminum inventory increasing [2] - Gold prices increased by 3.08% to $3,416.00 per ounce, driven by geopolitical tensions and economic concerns [3] 2. Base and Precious Metals Fundamental Updates 2.1 Copper - The copper processing fee index rose to -$42.09 per ton, with downstream demand showing weakness [1] 2.2 Aluminum - Domestic aluminum processing rates slightly decreased, with expectations of continued weak performance [2] 2.3 Precious Metals - Gold's appeal as a safe haven is increasing amid global trade tensions and geopolitical conflicts [3] 3. Minor Metals and Rare Earth Market Overview - Rare earth prices are expected to rise due to supply constraints and policy changes, with strategic resources needing re-evaluation [32] - Antimony prices are anticipated to recover due to improved export expectations and domestic production cuts [34] - Molybdenum prices are increasing due to supply disruptions and strong demand from the steel sector [35] 4. Minor Metals and Rare Earth Fundamental Updates 4.1 Rare Earth - Prices for praseodymium-neodymium oxide rose by 7.23% to 513,200 yuan per ton, with supply tightening expected [33] 4.2 Antimony - Antimony ingot prices remain stable, with expectations of recovery driven by export improvements [34] 4.3 Molybdenum - Molybdenum prices increased by 8.02% to 4,310 yuan per ton, with supply disruptions impacting the market [35] 4.4 Tin - Tin prices decreased by 2.69% to 264,100 yuan per ton, but strong inventory levels provide support [36]

Group 1: Macro and Strategy Insights - The macro view for August indicates a stable policy environment with an upward shift in risk appetite, suggesting that industrial growth will remain a key theme [7] - The strategy outlook highlights an "extension of offensive trends" in the market, with a recommendation to maintain positions and selectively increase holdings as the A-share market shows a bullish trend [8] - The quantitative perspective suggests breaking the deflationary spiral, with expectations for a cyclical upswing in the market [9] Group 2: Selected Stocks for August - The selected stocks for August include China Pacific Insurance (non-bank), China Shipbuilding Industry (military), Shanghai Yanpu (large manufacturing), Weilan Lithium (electric new energy), Wanjun Technology (computer), Guomai Culture (media), Baiwei Storage (consumer electronics), Huaxi Nonferrous Metals (non-ferrous), Sun Paper (light industry), and Tigermed (pharmaceutical) [11] - China Pacific Insurance is positioned as a leading insurance company with a strong background, expected to benefit from its transformation and increase in new business value [12] - China Shipbuilding Industry is identified as a leader in naval defense, benefiting from advancements in deep-sea technology and a growing market for underwater monitoring systems [17] - Shanghai Yanpu is noted for its potential in the seating market, with a platform transformation expected to enhance performance and market share [20] - Weilan Lithium is recognized for its robust main business and potential for valuation upgrades due to new product developments [25] - Wanjun Technology is highlighted for its long-standing expertise in creative software, with AI product commercialization expected to accelerate growth [28] - Guomai Culture is anticipated to benefit from the release of its animated film "The Stars of the Three Kingdoms," which is expected to drive revenue [32] - Baiwei Storage is positioned to benefit from the upward cycle in the storage industry, with a focus on advanced packaging technology [38] - Huaxi Nonferrous Metals is expected to see price increases in tin and antimony, driven by strong demand and limited supply [43] - Sun Paper is projected to benefit from industry stabilization and cost advantages from its integrated operations [50] - Tigermed is positioned to gain from the growing demand for clinical CRO services as the innovative drug sector expands [55]

Core Insights - In the 2025 Fortune Global 500 list, China has 130 companies included, showcasing the strength of its economy [1] - Three companies from Jiangsu Province, namely Hengli Group, Shenghong Holding Group, and Jiangsu Shagang Group, have made it to the list, ranking 81st, 161st, and 416th respectively [1] Company Performance - Hengli Group, with a solid foundation in integrated refining and chemical business, ranks 81st globally and has been on the list for nine consecutive years [1] - Shenghong Group improved its position from 171st in 2024 to 161st in 2025, marking its sixth consecutive year on the list with a positive growth trend [1] - Jiangsu Shagang Group, a well-known steel materials manufacturer, ranks 416th and has been on the list for 17 years [1] Regional Highlights - Suzhou has secured all the spots for Jiangsu Province on the list, emphasizing its status as a manufacturing powerhouse in the Yangtze River Delta region [1] - The inclusion of these companies reflects the robust vitality and strength of Suzhou's economy [1]

资金流向方面，今日主力资金净流出1089.62万元，占比成交额5.4%。其中，超大单净流入80.32万元、 占成交额0.4%，大单净流出1169.94万元、占成交额5.8%，中单净流出流入684.50万元、占成交额 3.39%，小单净流入405.12万元、占成交额2.01%。 金融界消息 截至2025年7月30日收盘，华锡有色（600301）报收于22.82元，下跌0.48%，换手率 3.22%，成交量8.88万手，成交金额2.02亿元。 通过天眼查大数据分析，广西华锡有色金属股份有限公司共对外投资了8家企业，参与招投标项目1638 次，知识产权方面有商标信息20条，专利信息79条，此外企业还拥有行政许可7个。 来源：金融界 华锡有色最新一期业绩显示，截至2025一季报，公司营业总收入12.45亿元、同比增长20.16%，归属净 利润1.53亿元，同比增长12.07%，扣非净利润1.49亿元，同比增长18.92%，流动比率1.354、速动比率 0.835、资产负债率37.36%。 天眼查商业履历信息显示，广西华锡有色金属股份有限公司，成立于1998年，位于南宁市，是一家以从 事有色金属矿采选业为主的企业。企业 ...

证券之星消息，7月30日小金属板块较上一交易日下跌2.02%，中钨高新领跌。当日上证指数报收于 3615.72，上涨0.17%。深证成指报收于11203.03，下跌0.77%。小金属板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600281 | 华阳新材 | 1030.21万 | 4.79% | -39.21万 | -0.18% | -991.00万 | -4.61% | | 002978 安宁股份 | | -101.99万 | -0.61% | 659.43万 | 3.92% | -557.44万 | -3.32% | | 301026 浩通科技 | | -362.11万 | -4.91% | -383.97万 | -5.20% | 746.08万 | 10.11% | | 600301 | 华锡有色 | -1089.62万 | -5.40% | 684.50万 | 3.39% | 405. ...

证券代码：600301 股票简称：华锡有色 编号：2025-046 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： ? 广西华锡有色金属股份有限公司（以下简称"公司"）实际控制人广西壮 族自治区国有资产监督管理委员会（以下简称"广西国资委"）拟将其所持有的 公司间接控股股东广西北部湾国际港务集团有限公司（以下简称"北部湾港集团"） 集团"）。 ? 本次股权结构变动完成后，公司控股股东仍为广西华锡集团股份有限公 司（以下简称"华锡集团"），间接控股股东仍为北部湾港集团，实际控制人仍为 广西国资委，公司的控股股东、间接控股股东及实际控制人均未发生变化。 近日，公司接到间接控股股东北部湾港集团通知，获悉其股权结构拟发生变 动。现将相关情况公告如下： 一、公司间接控股股东股权结构变动基本情况 根据广西国资委通知要求，以 2024 年 12 月 31 日为基准日，其将所持有的 北部湾港集团 33%股权无偿划转至广西国控集团。 本次变动完成后，广西国资委仍为公司实际控制人，北部湾港集团仍为公司 间接控股股东，华锡集团仍为公 ...

Group 1: Company Performance - WuXi AppTec reported a net profit of 8.561 billion yuan for the first half of the year, a year-on-year increase of 101.92% [1] - The company's revenue for the first half reached 20.799 billion yuan, reflecting a growth of 20.64% year-on-year [1] - WuXi AppTec plans to distribute a cash dividend of 3.5 yuan per share to all shareholders [1] - The company has revised its revenue forecast for the full year to between 42.5 billion and 43.5 billion yuan [1] - SANY Heavy Industry plans to issue non-financial corporate debt financing tools not exceeding 20 billion yuan to optimize its financing structure [1] Group 2: Film Industry Impact - Happiness Blue Sea announced that the film "Nanjing Photo Studio" has surpassed 412 million yuan in cumulative box office, exceeding 50% of the company's audited revenue for the most recent fiscal year [2] - The film's impact on the company's revenue is currently negligible as it is still in theaters [2] Group 3: Corporate Actions - Zhonghua Equipment plans to issue shares to acquire 100% equity of two companies, marking a significant asset restructuring [2] - Dahua Intelligent is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure [3] - Shiming Technology's actual controller and chairman has been placed under detention due to personal matters unrelated to the company [4] Group 4: Financial Performance - Ju Chen Co. reported a net profit growth of 43.5% for the first half of the year [6] - Qizheng Tibetan Medicine's net profit increased by 9.94% year-on-year [6] - China Minmetals' new contract value decreased by 19.1% year-on-year [6] - Huicheng Environmental's net profit declined by 85.63% year-on-year [6] Group 5: Mergers and Acquisitions - Kaishan Holdings plans to acquire a minority stake in SMGP for 3 million USD [6] - Zhonghua International intends to purchase 100% equity of Nantong Xingchen Composite Materials Co., Ltd. [6] - Xiangdian Co. plans to acquire a 12.5% stake in Tongda Electromagnetic Energy for 208 million yuan [6]