格隆汇10月30日丨宁波韵升(600366.SH)发布三季报，2025年前三季度实现营业总收入39.1亿元，同比增 长7.03%；归属母公司股东净利润2.76亿元，同比增长299.04%；基本每股收益为0.2563元。 ...

宁波韵升成立于1994年6月30日，2000年10月30日在上海证券交易所上市，注册及办公地址均位于浙江省 宁波市。公司是全球领先的稀土永磁材料应用方案供应商，核心业务为钕铁硼永磁材料，具备技术与产业 链优势。 公司从事钕铁硼永磁材料的研发、制造和销售，为客户提供高端钕铁硼磁性材料应用的解决方案，向下游 磁组件应用领域延伸。所属申万行业为有色金属 - 金属新材料 - 磁性材料，概念板块包括稀土永磁、低空 经济等。 经营业绩：营收行业第四，净利润第三 2025年三季度，宁波韵升营业收入39.1亿元，行业排名4/14，行业第一名金力永磁为53.73亿元，第二名正 海磁材49.73亿元，行业平均数21.49亿元，中位数12.43亿元。主营业务中，钕铁硼20.76亿元占比88.37%， 其他（补充）2.73亿元占比11.63%。净利润2.75亿元，行业排名3/14，行业第一名金力永磁5.24亿元，第二 名铂科新材2.97亿元，行业平均数1.71亿元，中位数1.27亿元。 资产负债率高于同业平均，毛利率低于同业平均 偿债能力方面，2025年三季度资产负债率为40.22%，高于去年同期的33.99%，也高于行业平均33. ...

重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 宁波韵升股份有限公司 2025 年第三季度报告 证券代码：600366 证券简称：宁波韵升 宁波韵升股份有限公司 2025 年第三季度报告 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。 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 1,560,975,394.82 | 15.90 | 3,910,371, ...

Investment Rating - Industry rating: Recommended [3] Core Insights - The report emphasizes the strategic revaluation of key metals, particularly focusing on rare earths and cobalt [24] - Nickel prices are expected to be supported due to tightened supply expectations following Indonesia's new regulation reducing the approval cycle for mining plans from three years to one year [26][27] - Cobalt prices have continued to rise, with expectations of increasing supply tightness further driving prices up [30][33] - Antimony supply is expected to remain tight, providing a bottom support for antimony prices [34] - Lithium carbonate prices are projected to remain strong due to ongoing demand and inventory depletion [16] - China's dominance in rare earth supply is reinforced by stricter export controls, which are expected to support rare earth prices [18] - Tin supply remains uncertain due to ongoing challenges in overseas supply, which is expected to support tin prices [19] - Tungsten prices are supported by a tightening supply situation, with production rates slowing down [20] - Uranium supply tightness is anticipated to continue, supporting uranium prices [21] Summary by Sections Nickel and Cobalt Industry Update - Indonesia's new regulation on mining approvals is expected to tighten future ore supply, supporting nickel prices [26] - As of October 24, LME nickel price was $15,085 per ton, up 1.04% from October 17 [26] - Cobalt prices have risen significantly, with electrolytic cobalt reaching 408,500 CNY per ton, a 6.94% increase [30] Antimony Industry Update - Domestic antimony prices have decreased, but long-term supply tightness is expected to support prices [34] - China's antimony production is projected to dominate global supply, accounting for 60% of the total [34] Lithium Industry Update - Lithium carbonate prices have increased, with a market average of 73,700 CNY per ton as of October 24 [16] - Demand from the battery sector continues to drive price support [16] Rare Earth Industry Update - China's strict export controls on rare earths are expected to tighten supply and support prices [18] - The report highlights the importance of China's role in the global rare earth supply chain [18] Tin Industry Update - Tin prices are supported by supply uncertainties, particularly from Myanmar and Indonesia [19] - As of October 24, LME tin price was $35,925 per ton, up 2.42% from October 17 [19] Tungsten Industry Update - The tungsten supply situation is tightening, with production rates slowing down [20] - Prices for tungsten concentrate have increased, reflecting supply constraints [20] Uranium Industry Update - The report indicates a continued tight supply situation for uranium, supporting price stability [21] - Recent production guidance reductions from major suppliers are expected to impact future supply [21]

Company Reductions - The major shareholder of Hu Silicon Industry plans to reduce its stake by no more than 2% [1] - The controlling shareholder of Lichip Micro intends to reduce its stake by no more than 3% [1] - Guo Keyun from Yunlu Co. plans to reduce his stake by no more than 3% [1] - Shareholder Li Aizhen from Power Diamond intends to reduce his stake by no more than 3% [1] - Hongzhan Real Estate plans to reduce its stake in Guo New Energy by no more than 2.07% [1] - Bohai Information Industry Fund has collectively reduced its stake in Leshan Electric Power by 0.8590% [1] Shareholder Reductions - Zhu Shidong plans to reduce his stake in Ningbo Yunsheng by no more than 111,800 shares [1] - He Tu Investment and Jing Kun Investment collectively plan to reduce their stake in Kewell by 620,300 shares [1] - Synth International has reduced its stake in Wanhua Chemical by a total of 16,469,600 shares [1] - Shuntai Zonghua has reduced its stake in Weier Pharmaceutical by 1% [1] - Junjie Investment has reduced its stake in Fuke Environmental Protection by a total of 2,813,300 shares [1] - Ping An Life and its concerted parties have cumulatively reduced their stake in Huaxia Happiness by 0.20% [1] - Shareholder Tie Xiaorong has reduced his stake in Xinghuo Technology by a total of 19,120,000 shares [1] Other Information - Independent director Han Fang of Jiatou Energy has been unreachable [1] - Rejing Bio reported a net loss of 109 million yuan in the first three quarters [1]

Core Viewpoint - Ningbo Yunsheng (600366.SH) announced that due to its own funding needs, the company's director and deputy general manager, Mr. Zhu Shidong, plans to reduce his holdings by up to 25% of his shares within three months after 15 trading days from the announcement date, totaling no more than 111,800 shares, which accounts for 0.0102% of the company's total share capital [1] Summary by Relevant Sections - **Share Reduction Plan** - Mr. Zhu Shidong intends to reduce his holdings by a maximum of 111,800 shares [1] - The reduction will occur within three months after 15 trading days from the announcement date [1] - The reduction represents up to 25% of his total shareholdings [1] - **Market Impact** - The reduction price will be determined based on the secondary market price at the time of the reduction [1]

Core Viewpoint - Ningbo Yunsheng (SH 600366) announced a planned share reduction by its Vice President Zhu Shidong, who holds approximately 450,000 shares, representing 0.0407% of the total share capital [1] Group 1: Share Reduction Plan - Zhu Shidong plans to reduce his holdings by up to 25% of his shares within three months after the announcement, which amounts to a maximum of approximately 110,000 shares, or 0.0102% of the total share capital [1] - The reduction price will be determined based on the market price at the time of the sale [1] Group 2: Company Financials - For the year 2024, Ningbo Yunsheng's revenue composition is projected to be 90.37% from neodymium-iron-boron and 9.63% from other businesses [1] - As of the announcement, Ningbo Yunsheng's market capitalization is 15.2 billion yuan [1]

证券代码：600366 证券简称：宁波韵升 公告编号：2025-067 宁波韵升股份有限公司 关于部分董事及高级管理人员减持股份计划公告 本公司董事会、全体董事及相关股东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： 上述股东不存在《上市公司股东减持股份管理暂行办法》《上海证券交易所 上市公司自律监管指引第 15 号——股东及董事、高级管理人员减持股份》等法 律法规规定的不得减持的情形。 三、减持计划相关风险提示 | 股东名称 | 朱世东 | | | | --- | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | □是 | √否 | | | 直接持股 5%以上股东 | □是 | √否 | | | 董事、监事和高级管理人员 | √是 | □否 | | | 其他： | | | | 持股数量 | 447,300股 | | | | 持股比例 | 0.0407% | | | | 当前持股股份来源 | 股权激励取得：447,300股 | | | 一、减持主体的基本情况 上述减持主体无一致行动人。 1 董监 ...

Core Viewpoint - Ningbo Yunsheng (600366.SH) announced that its director and deputy general manager, Zhu Shidong, plans to reduce his holdings by no more than 111,800 shares through centralized bidding, which represents no more than 0.0102% of the company's total share capital [1] Summary by Category - **Company Announcement** - The company disclosed the intention of Zhu Shidong to sell shares due to personal funding needs [1] - The planned reduction in shareholding is limited to a maximum of 111,800 shares [1] - This reduction accounts for a small fraction of the total share capital, specifically 0.0102% [1]

Core Viewpoint - The announcement from Ningbo Yunsheng indicates that the director and deputy general manager, Zhu Shidong, plans to reduce his shareholding due to personal financial needs, which may impact investor sentiment and stock performance [1] Summary by Relevant Sections Shareholding Details - Zhu Shidong holds 447,300 shares of the company, accounting for 0.0407% of the total share capital [1] - He intends to reduce his holdings by up to 111,800 shares, representing 0.0102% of the total share capital [1] Reduction Plan - The planned reduction will occur within three months following the announcement, starting 15 trading days after the disclosure [1] - The selling price will be determined based on the market price at the time of the reduction [1]