Core Viewpoint - Ningbo Yunsheng has successfully launched new production capacity for high-performance neodymium-iron-boron permanent magnet materials, with a focus on meeting the growing market demand in sectors such as electric vehicles and wind power generation [1][2]. Production Capacity - The company has established an annual production capacity of 21,000 tons of high-performance neodymium-iron-boron materials as of April 2025, which will increase to 26,000 tons with the addition of 5,000 tons from the new project [2]. - The new production project is part of a fundraising initiative that raised 1.045 billion yuan in 2022, aimed at expanding production capacity [1]. Market Applications - Neodymium-iron-boron materials are widely used in various green and energy-saving applications, including electric vehicles, consumer electronics, urban rail transit, industrial robots, and wind power generation [2]. - The company aims to enhance its market share and strengthen its profitability in these sectors through the new production capacity [1]. Financial Performance - In 2024, the company reported a revenue of 5.041 billion yuan, a decrease of 6.11% year-on-year, but achieved a net profit of 95.08 million yuan, a significant recovery from a loss of 227 million yuan in 2023 [3]. - In the first quarter of 2025, the company recorded a revenue of 1.122 billion yuan, a year-on-year increase of 9.36%, and a net profit of 37.22 million yuan, marking a substantial turnaround from the previous year's loss [3][4]. Business Segmentation - The sales revenue from neodymium-iron-boron materials for electric vehicle applications reached 574 million yuan in the first quarter of 2025, an increase of 43.14% year-on-year, capturing approximately 25.3% of the domestic market for main drive motors in new energy passenger vehicles [4]. - Conversely, sales in the consumer electronics sector decreased by 18.09% to 154 million yuan, and sales for industrial and other applications fell by 15.32% to 304 million yuan [4].

Group 1 - The rare earth permanent magnet sector is experiencing significant upward movement, with Ningbo Yunsheng (600366) approaching the daily limit increase [1] - Keheng Co., Ltd. (300340) has seen a rise of over 10%, indicating strong market interest [1] - Other companies such as YS Tech (301622), Zhongke Magnetic Industry (301141), Galaxy Magnet (300127), and Jinli Permanent Magnet (300748) are also witnessing notable stock price increases [1] Group 2 - There is a noticeable influx of dark pool funds into these stocks, suggesting increased investor confidence and potential for further price appreciation [1]

Group 1 - The company raised a total of 1,045 million RMB through a private placement of A-shares in 2022, which is intended for the "Baotou Yunsheng Technology Development Co., Ltd. annual production of 15,000 tons of high-performance rare earth permanent magnet materials intelligent manufacturing project" [1] - As of April 29, 2024, the company’s board approved a delay in the expected operational status of the fundraising investment project, with 5,000 tons of production capacity set to be operational by June 2025 [1] - The initial production facility for the 5,000 tons capacity has completed equipment installation, debugging, and trial production, and is now officially in operation [1] Group 2 - The partial commissioning of the project is expected to significantly enhance the company's production capacity, converting technological and quality advantages into product advantages, thereby increasing market share and profitability [1] - The company plans to use up to 300 million RMB of idle fundraising temporarily to supplement working capital for business expansion and daily operations, with a usage period of 12 months from the board's approval [4] - On June 27, 2025, the company repaid 210 million RMB of the idle funds back to the special fundraising account ahead of schedule [5]

证券代码：600366 证券简称：宁波韵升 公告编号：2025-040 宁波韵升股份有限公司 关于募集资金投资项目部分投产的公告 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。 宁波韵升股份有限公司（以下简称"公司"）2022 年非公开发行 A 股股票 合计募集资金 104,500.00 万元，用于投资"包头韵升科技发展有限公司年产 15,000 吨高性能稀土永磁材料智能制造项目"。 公司于 2024 年 4 月 29 日分别召开了公司第十届董事会第三十二次会议、 第十届监事会第二十四次会议审议通过《关于募集资金投资项目延期的议案》， 对募集资金投资项目的预定可使用状态时间进行了调整，其中 5000 吨产能于 2025 年 6 月建成投产。目前 5000 吨产能对应的生产车间已完成设备安装调试 及试生产等前期工作，现正式投产运行。 上述项目部分建成投产将有效提升公司产能，进一步推动公司将技术、质量 等优势，规模化地转换为产品优势，促进市场份额的提升，增强公司的盈利能力 和综合竞争力，对巩固公司在行业内的市场地位具有积极意义。 ...

宁波韵升股份有限公司 董 事 会 2025 年 6 月 28 日 证券代码：600366 证券简称：宁波韵升 编号：2025—041 宁波韵升股份有限公司 关于提前归还用于暂时补充流动资金的 闲置募集资金的公告 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。 宁波韵升股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日分别召开了公 司第十一届董事会第八次会议、第十一届监事会第六次会议，审议通过了《关于使 用部分闲置募集资金暂时补充流动资金的议案》，在保证不影响募集资金项目建设和 募集资金使用的情况下，公司拟使用不超过人民币 30,000 万元闲置募集资金暂时 补充公司流动资金，用于公司的业务拓展、日常经营等与主营业务相关的生产经营， 使用期限为自公司董事会审议批准之日起 12 个月。具体详见公司于 2025 年 4 月 30 日在上海证券交易所网站（www.sse.com.cn）披露的《宁波韵升股份有限公司关于 使用部分闲置募集资金暂时补充流动资金的公告》（公告编号：2025-027）。 2025 年 6 月 2 ...

Core Viewpoint - Ningbo Yunsheng has officially launched its 5,000-ton high-performance rare earth permanent magnet material project, enhancing its production capacity and competitive edge in the market [1] Group 1 - The company raised 1.045 billion yuan through a non-public offering of A-shares in 2022 to invest in the annual production project of 15,000 tons of high-performance rare earth permanent magnet materials [1] - The production workshop for the 5,000-ton capacity has completed equipment installation, debugging, and trial production, and is now in full operation [1] - The partial launch of this project is expected to improve the company's capacity, convert technological and quality advantages into product advantages, and enhance market share and profitability [1]

Group 1 - The rare earth permanent magnet sector experienced a decline of 2.57%, ranking among the top losers in the concept sector, with companies like Ningbo Yunsheng and Huayang New Materials hitting the daily limit down [1][2] - Among the stocks in the rare earth permanent magnet sector, five stocks saw price increases, with Huawu Co., Ltd. rising by 5.92%, Fangbang Co., Ltd. by 4.30%, and Lingyi Intelligent Manufacturing by 3.78% [1][2] - The sector faced a net outflow of 2.44 billion yuan from major funds, with 49 stocks experiencing outflows, and nine stocks seeing outflows exceeding 100 million yuan, led by Ningbo Yunsheng with a net outflow of 274.4 million yuan [2][3] Group 2 - The top net outflow stocks in the rare earth permanent magnet sector included Ningbo Yunsheng, Northern Rare Earth, and China Rare Earth, with net outflows of 274.4 million yuan, 232 million yuan, and 191.2 million yuan respectively [2][3] - The stocks with the highest net inflows included Lingyi Intelligent Manufacturing, Huawu Co., Ltd., and China Aluminum, with net inflows of 159 million yuan, 52.78 million yuan, and 44.94 million yuan respectively [4]

Market Overview - A-shares opened slightly lower on June 18, with all major indices in the red and over 4200 stocks declining [1] - The Shanghai Composite Index fell by 0.41% to 3373.61, while the Shenzhen Component decreased by 0.23% to 10128.47 [2] Sector Performance - The food and beverage sector showed initial strength, particularly in liquor stocks, with notable gains from companies like Mogaos, Huangtai Wine, and Jinzhongzi Wine, all hitting the daily limit [5][6] - The photovoltaic inverter, liquor, military, and digital currency sectors experienced localized rallies, while rare earth permanent magnet stocks saw significant pullbacks [3][11] Liquor Industry Insights - During the "618" shopping festival, several e-commerce platforms initiated aggressive price cuts on liquor, with high-end products like Feitian Moutai seeing price drops, which has become a key market variable [7] - Specific liquor stocks such as Mogaos, Huangtai Wine, and Jinzhongzi Wine reported increases of approximately 10% [6] Oil and Gas Sector Activity - The oil and gas sector was notably active, with companies like Zhun Oil and Beiken Energy experiencing substantial gains, attributed to rising international oil prices amid escalating geopolitical tensions in the Middle East [8][9] Defense and Military Sector - The defense and military sector saw significant upward movement, with stocks like Changcheng Military Industry hitting the daily limit and others like Beifang Longzhong and Jiekang Equipment rising over 10% [10] Consumer Sector Weakness - The broader consumer sector faced challenges, with retail stocks declining, particularly in the small commodity market, where Xiaoshangpin City dropped over 9% [11][12] - The beauty and personal care sector also experienced declines, with several companies reporting drops exceeding 5% [13] Rare Earth Sector Decline - Rare earth permanent magnet stocks faced notable declines, with companies like Beikong Technology nearing the daily limit down, and others like Zhongke Magnetic and Keheng shares dropping over 9% [15][16]

Group 1 - The rare earth permanent magnet concept has continued to weaken, with Benlang New Materials experiencing a decline of over 10% [1] - Beikong Technology is approaching the limit down, while companies such as Zhongke Magnetic, Ningbo Yunsheng, Xici Technology, and Guangsheng Nonferrous have all dropped by over 5% [1]

Core Viewpoint - Ningbo Yunsen (600366) experienced a significant increase in stock price, rising by 4.04% with a trading volume of 2.986 billion yuan and a turnover rate of 25.13% on the day of reporting [2] Trading Activity - The stock was listed on the Shanghai Stock Exchange's watchlist due to a daily fluctuation of 15.76% and a turnover rate of 25.13% [2] - The net inflow from the Shanghai-Hong Kong Stock Connect was 41.16 million yuan, with a total of 29.31 million yuan net bought by brokerage seats [2] - The top five brokerage seats accounted for a total transaction volume of 539 million yuan, with a net purchase of 44.09 million yuan [2] Fund Flow - The stock saw a net inflow of 20.47 million yuan from major funds, with large orders contributing a net inflow of 17.59 million yuan [2] - Over the past five days, the main funds experienced a net outflow of 6.14 million yuan [2] Margin Trading Data - As of June 13, the margin trading balance for the stock was 494 million yuan, with a financing balance of 490 million yuan and a securities lending balance of 4.03 million yuan [3] - The financing balance increased by 206 million yuan over the past five days, representing a growth of 72.46% [3] - The securities lending balance also rose by 1.29 million yuan, with a growth rate of 46.97% [3] Financial Performance - In the first quarter, the company reported a revenue of 1.122 billion yuan, reflecting a year-on-year growth of 9.36% [3] - The net profit for the same period was 37.22 million yuan, showing a remarkable year-on-year increase of 8724.47% [3]