宁波韵升： 目前生产经营情况平稳未发生变化 智通财经6月12日电，宁波韵升(600366.SH)公告称，公司股票在2025年6月10日至12日连续三个交易日 收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动情形。公司关注到近期稀土板块受到市场关 注的热度较高。公司主营业务为稀土永磁材料, 目前生产经营情况平稳，未发生变化。2024年，公司营 业收入为50.41亿元，其中主营业务收入45.56亿元。敬请广大投资者注意风险，谨慎决策。 ...

宁波韵升（600366）公告，公司股票在2025年6月10日、6月11日、6月12日连续3个交易日内收盘价格涨 幅偏离值累计超过20%，属于股票交易异常波动情况。经公司自查并向控股股东及实际控制人征询，确 认公司、控股股东及实际控制人不存在应披露而未披露的重大事项。公司主营业务为稀土永磁材料的研 发、制造和销售，2024年营业收入为50.41亿元，其中主营业务收入45.56亿元。公司主营业务未发生变 化，主要收入来源仍为稀土永磁材料。敬请广大投资者注意风险，谨慎决策。 ...

Market Overview - The three major A-share indices collectively rose in the morning session, with the Shanghai Composite Index up 0.07%, the Shenzhen Component Index up 0.05%, and the ChiNext Index up 0.50%. The North Exchange 50 Index fell by 0.38%. The total market turnover for the half-day was 793.7 billion yuan, a decrease of 16.2 billion yuan compared to the previous day, with over 2,200 stocks rising across the market [1]. Sector Performance - The rare earth permanent magnet, quantum technology, nuclear power, and automotive parts sectors saw significant gains, while the agriculture and pork sectors experienced declines [2]. - The rare earth permanent magnet sector continued to surge, with Beikong Technology (600980) achieving a four-day limit-up, and Huayang New Materials (600281) and Ningbo Yunsheng (600366) hitting the daily limit [2]. - The quantum technology concept also performed well, with Geer Software (603232) and Dongxin Peace (002017) reaching the daily limit [2]. - The automotive parts sector strengthened, with companies like Disengli (603335), Yingli Automotive (601279), and Xishanghai (605151) hitting the daily limit [2]. - The port and shipping concept declined, with Lianyungang and Ningbo Shipping (600798) dropping over 5% [2]. Stock Highlights - Notable stocks with consecutive limit-ups include Beikong Technology and Suzhou Longjie, both achieving four consecutive limit-ups [4]. - Companies with three consecutive limit-ups include Kanghui Pharmaceutical (603139), while several others achieved two consecutive limit-ups [5]. Emerging Trends - The artificial intelligence sector is currently a strong focus, with 10 companies hitting the daily limit and two stocks with consecutive limit-ups, including Yuanlong Yatu and Xinbeiyang [6]. - The Huawei concept also saw 10 companies hitting the daily limit, with four stocks achieving consecutive limit-ups, including Hars and Quanfeng Automotive [7]. - The new energy vehicle sector had 10 companies hitting the daily limit, with six stocks achieving consecutive limit-ups, including Ningbo Yunsheng and Meichen Technology [8]. Specific Industry Insights - The automotive parts sector is benefiting from car manufacturers committing to a payment period of no more than 60 days, which includes major companies like BYD, FAW, Dongfeng, and others [10]. - The AI glasses market is experiencing explosive growth, with sales volume increasing over eight times year-on-year. The global shipment of smart glasses is projected to reach 12.8 million units by 2025, with a year-on-year growth of 26%, and the Chinese market expected to exceed 2.75 million units, growing by 107% [12].

Core Viewpoint - The rare earth permanent magnet sector has shown significant growth, with a 4.90% increase, leading the market in terms of gains, driven by strong performances from several key stocks [1][2]. Group 1: Market Performance - As of June 11, the rare earth permanent magnet concept rose by 4.90%, with 58 stocks increasing in value [1]. - Notable gainers include Zhongke Magnetic Materials, which hit a 20% limit up, and other companies like Huayang New Materials and Beikong Technology also reached their upper limits [1]. - The top performers in the sector included Jiuling Technology, Yingsite, and Xic Magnetic Technology, with increases of 29.89%, 13.28%, and 13.15% respectively [1]. Group 2: Capital Inflow - The rare earth permanent magnet sector attracted a net inflow of 1.774 billion yuan, with 40 stocks receiving capital inflow [2]. - Leading the net inflow was Ningbo Yunsheng, with 295 million yuan, followed by Northern Rare Earth and Guangsheng Nonferrous, with inflows of 285 million yuan and 225 million yuan respectively [2]. - Stocks with the highest net inflow ratios included Huayang New Materials at 47.10%, Ningbo Yunsheng at 20.37%, and Huahong Technology at 19.65% [3]. Group 3: Stock Performance Metrics - Key stocks in the rare earth permanent magnet sector showed significant daily performance metrics, with Ningbo Yunsheng increasing by 9.95% and Huayang New Materials by 10.09% [3][4]. - The turnover rates for these stocks were also notable, with Ningbo Yunsheng at 14.38% and Huayang New Materials at 10.20% [3][4]. - Other stocks like Guangsheng Nonferrous and Baogang Co. also demonstrated solid performance with increases of 4.63% and 3.39% respectively [4].

Core Viewpoint - The article discusses the recent positive developments in the China-US trade negotiations, highlighting the agreement framework reached between the two countries, which aims to resolve trade tensions and address export restrictions on rare earth minerals and magnets [1]. Group 1: Trade Negotiations - Chinese and US teams have reached a preliminary agreement framework after two days of negotiations, which is expected to be approved by President Trump soon [1]. - The framework adds substantial content to the previously stalled agreement on reducing retaliatory tariffs due to China's export restrictions on key minerals [1]. - The negotiations are characterized as candid, in-depth, and constructive, with both sides exchanging views on trade issues of mutual concern [1][2]. Group 2: Market Reactions - Following the positive news from the trade talks, the A-share market rebounded, with the Shanghai Composite Index rising by 0.52% to surpass 3400 points, despite a decrease in trading volume [2][4]. - The rare earth permanent magnet sector saw significant gains, with several stocks hitting the daily limit up, indicating strong market sentiment [5]. Group 3: Industry Developments - Jinli Permanent Magnet announced it has obtained export licenses for the US, Europe, and Southeast Asia, reflecting the potential for increased international trade in the sector [3]. - The automotive parts sector also experienced notable gains, with several companies committing to shorten payment terms to suppliers, indicating a shift in industry dynamics [6]. Group 4: Financial Insights - The article provides insights into the performance of various indices, noting that over 1700 index funds exist, with the highest dividend yield index being the Hong Kong Stock Connect Mainland Financial Index at 9.37% [7][8]. - A total of 48 indices were identified that meet the criteria of having a fund size of at least 2 billion and a dividend yield above 3%, with 16 indices yielding over 6% [9]. Group 5: Capital Flow - The net inflow of capital into the market was reported at 253.86 billion, with the non-bank financial sector seeing the largest inflow [15]. - Specific stocks such as Jianghuai Automobile and Ningde Times attracted significant attention from investors, indicating strong market interest in these companies [15][18].

Core Viewpoint - The article discusses the evolving landscape of the rare earth industry, highlighting the impact of policy changes, supply-demand dynamics, and emerging market opportunities driven by technological advancements and strategic resource management [1][2][3]. Group 1: Policy and Supply Dynamics - China's rare earth mining quota is expected to remain at 270,000 to 280,000 tons REO by 2025, with a year-on-year growth rate of 5%-10%, significantly lower than the previous years' growth of over 20% [1]. - The policy shift emphasizes "quality control" over "scale expansion," with all sources of rare earths now included in quota management, enhancing state control over supply [1]. - The supply of heavy rare earths is tightening, with a 17.3% year-on-year decline in imports from Myanmar due to ongoing conflicts and resource tax disputes, leading to a supply gap of 5.8% for heavy rare earths [4]. Group 2: Demand Drivers - The demand for rare earth permanent magnet materials (NdFeB) is surging, particularly in sectors such as electric vehicles, wind power, industrial motors, and humanoid robots [2]. - By 2025, global sales of electric vehicles are projected to reach 18 million units, driving the demand for praseodymium-neodymium oxide to over 70,000 tons [4]. - The penetration rate of permanent magnet direct-drive wind turbines is expected to exceed 65%, with a projected demand of 15,000 tons by 2025 [4]. Group 3: Market Space and Price Trends - The global rare earth market is anticipated to reach a scale of $14-16 billion by 2025, with China accounting for over 60% of this market [4]. - The price of praseodymium-neodymium oxide is expected to rise to a central price range of 450,000 to 500,000 yuan per ton by 2025, driven by tightening domestic quotas and recovering demand [4]. - The price of dysprosium oxide is projected to exceed 2,000 yuan per kilogram, while terbium oxide is expected to surpass 7,000 yuan per kilogram due to supply disruptions and export control policies [4]. Group 4: Company Insights - Northern Rare Earth is the largest light rare earth supplier globally, controlling 83% of the Baiyun Obo mine's reserves, with a projected 69.8% share of the national mining quota by 2025 [7]. - China Rare Earth Group, as a core platform, has seen a turnaround with a 141.32% year-on-year revenue increase in Q1 2025, primarily due to rising rare earth prices [8]. - Xiamen Tungsten is the only company in China capable of recycling all rare earth elements, with a complete supply chain from mining to magnetic materials [8]. Group 5: Technological Advancements and Future Outlook - The development of high-temperature resistant NdFeB materials and low rare earth content magnets has strengthened competitiveness in high-end markets [10]. - The establishment of a joint venture with China Rare Earth Group in Fujian aims to enhance resource development in southern heavy rare earths [10]. - The recycling of rare earths is projected to reach 32,000 tons by 2025, with the market scale exceeding 100 billion yuan by 2030 [9].

Group 1 - The magnetic materials sector is experiencing a rise, with Longmag Technology (300835) increasing by over 10% [1] - Other companies such as Dadi Bear, Zhenghai Magnetic Materials (300224), Tianhe Magnetic Materials (603072), Ningbo Yunsheng (600366), and Galaxy Magnet (300127) are also seeing gains [1] - There is a notable influx of dark pool funds into these stocks [1]

重要内容提示： | 回购方案首次披露日 | 2024/7/16 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 12 个月 | | 预计回购金额 | 7,500万元~15,000万元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 1,379.99万股 | | 累计已回购股数占总股本比例 | 1.2413% | | 累计已回购金额 | 7,586.40万元 | | 实际回购价格区间 | 5.28元/股~5.80元/股 | 一、回购股份的基本情况 宁波韵升股份有限公司（以下简称"公司"）于 2024 年 7 月 15 日召开第十一 届董事会第二次会议，审议通过了《关于以集中竞价交易方式回购股份方案的议 案》，同意公司以自有资金通过集中竞价交易方式回购公司股份，本次回购的股份 将用于实施员工持股计划。回购股份金额下限为 7,500 万元，上限为 15,000 万元， 回购价格为不超过人民币 8.03 元/股，回购期限自公司董事会审议通过之日起 12 个月内。具体内 ...

Core Viewpoint - The legal opinion letter confirms the legality and validity of the procedures and results of the 2024 annual general meeting of Ningbo Yunsheng Co., Ltd. [1][2][9] Group 1: Meeting Procedures - The annual general meeting was convened by the 11th Board of Directors of Ningbo Yunsheng and publicly announced on April 30, 2025 [3][4] - The meeting was held on May 30, 2025, at the company's conference room, combining on-site and online voting methods [3][4] - The notice and procedures for convening the meeting complied with relevant laws, regulations, and the company's articles of association [4][9] Group 2: Attendance and Voting - A total of 638 shareholders participated in the meeting, representing the required qualifications for attendance [4][9] - The voting results showed a high level of agreement on the proposed resolutions, with the majority receiving over 99% approval [5][6][8] - The voting process was conducted in accordance with legal and regulatory requirements, ensuring the legitimacy of the results [9]

Meeting Details - The shareholders' meeting was held on May 30, 2025, at the company's exhibition center in Ningbo, Zhejiang Province [1] - The total number of shares held by attending shareholders represented 35.5002% of the company's total shares [1] - The meeting was legally valid and followed the regulations of the Company Law and the company's articles of association [1] Voting Results - All non-cumulative voting proposals were approved with a high percentage of agreement, such as 99.6529% for the first proposal [1] - The voting results for various proposals showed consistent support, with percentages ranging from 99.4916% to 99.6543% for different resolutions [2][3] - The cumulative voting proposals also received significant support, with the highest approval rate being 99.6447% [3] Legal Compliance - The meeting's notice, convening, and procedures were confirmed to comply with legal and regulatory requirements [5] - The qualifications of the convenor and attendees were deemed valid, and the voting procedures and results were legally effective [5]