（文章来源：每日经济新闻） 每经AI快讯，11月5日，稀土指数盘中跌2.95%，主要成分股同步走低，机构与大户资金呈现净流出态 势。成分股方面，包钢股份、北方稀土、华宏科技、中国稀土、盛和资源跌幅居前，分别下跌4.64%、 4.20%、3.79%、2.83%和2.71%。 ...

11月5日，盛和资源盘中下跌2.04%，截至10:02，报22.05元/股，成交2.51亿元，换手率0.65%，总市值 386.50亿元。 资金流向方面，主力资金净流出3008.58万元，特大单买入820.26万元，占比3.26%，卖出2264.46万元， 占比9.01%；大单买入5271.64万元，占比20.98%，卖出6836.01万元，占比27.20%。 盛和资源今年以来股价涨116.60%，近5个交易日跌6.37%，近20日跌4.34%，近60日涨5.55%。 盛和资源所属申万行业为：有色金属-小金属-稀土。所属概念板块包括：稀土永磁、小金属、增持回 购、中盘、融资融券等。 截至10月20日，盛和资源股东户数23.99万，较上期增加2.89%；人均流通股7306股，较上期减少 2.81%。2025年1月-9月，盛和资源实现营业收入104.56亿元，同比增长26.87%；归母净利润7.88亿元， 同比增长748.07%。 分红方面，盛和资源A股上市后累计派现9.51亿元。近三年，累计派现4.73亿元。 机构持仓方面，截止2025年9月30日，盛和资源十大流通股东中，香港中央结算有限公司位居第六大流 通股 ...

前海开源沪港深核心资源混合A（003304）成立日期2016年10月17日，最新规模6.86亿。今年以来收益 68.03%，同类排名341/8150；近一年收益46.97%，同类排名1266/8043；成立以来收益375.48%。 前海开源沪港深核心资源混合A（003304）基金经理为吴国清。 截至发稿，吴国清累计任职时间10年44天，现任基金资产总规模77.18亿元，任职期间最佳基金回报 388.62%， 任职期间最差基金回报-33.5%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 11月4日，盛和资源跌0.66%，截至发稿，报22.51元/股，成交9.46亿元，换手率2.40%，总市值394.56亿 元。盛和资源股价已经连续3天下跌，区间累计跌幅6.52%。 资料显示，盛和资源控股股份有限公司位于四川省成都市双流区怡腾路399号，成立日期1998年7月1 日，上市日期2003年5月29日，公司主营业务涉及稀土冶炼分离与深加工及稀土贸易业务。锆钛选矿及 加工业务。 ...

| 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 600111 | 北方稀土 | 0.53% | 17.20% | | 600580 | 卧龙电驱 | -2.97% | 7.44% | | 002600 | 领益智造 | -1.51% | 6.16% | | 000831 | 中国稀土 | -0.32% | 5.41% | | 600392 | 盛和资源 | -0.71% | 4.55% | | 002340 | 格林美 | -1.57% | 4.38% | | 002202 | 金风科技 | -2.50% | 4.36% | | 600010 | 包钢股份 | 4.14% | 4.26% | | 600549 | 厦门钨业 | -2.21% | 3.97% | | 601600 | 中国铝业 | -0.39% | 3.87% | 场外投资者还可以通过稀土ETF嘉实联接基金（011036）把握稀土投资机遇。 截至2025年11月4日 10:07，中证稀土产业指数下跌0.71%。成分股方面涨跌互现，包钢股份领涨 4.14%，铂科新材上涨3.92%，云路 ...

同花顺iFinD数据显示，122家成都A股上市公司中，91家上市公司盈利。58家实现净利润同比正增长， 占比近48%。其中，成都银行以94.93亿元的净利润总额位居第一。 其中，成都银行首次前三季度净利破90亿元，新易盛和四川路桥净利润也分别达到63.27亿元和53亿 元。净利润超过10亿元的成都A股上市公司共12家，除成都银行、新易盛等外，还有四川路桥53.00亿 元、川投能源42.21亿元、东方电气29.66亿元、兴蓉环境17.64亿元、国金证券17.00亿元、四川成渝 13.00亿元、昊华科技12.32亿元、科伦药业12.01亿元、华西证券10.59亿元、康弘药业10.33亿元。 从净利润增速来看，欧林生物以1079.36%列净利润同比增长率第一。智明达净利润大增995.37%，盛和 资源、汇源通信、*ST天微净利润增速都超过500%。此外，爱乐达、华西证券等17家公司净利润实现倍 增。 营业收入方面，116家成都上市公司当中，实现营业收入4340.55亿元。其中，四川路桥、通威股份、东 方电气、成都银行、新易盛、云图控股、科伦药业、昊华科技、盛和资源9家企业营业收入突破百亿。 A股上市公司三季报披露收 ...

Investment Rating - The report maintains a standard rating for the non-ferrous metals industry, indicating a positive outlook for investment opportunities in this sector [2][17]. Core Insights - The non-ferrous metals industry has shown a significant increase, with a 3.70% rise over the past two weeks, outperforming the CSI 300 index by 1.72 percentage points, ranking 4th among 31 industries [3][13]. - The energy metals sector has experienced a notable increase of 8.72%, while precious metals have seen a decline of 9.37% [19][22]. - The report highlights the impact of macroeconomic factors, such as the Federal Reserve's interest rate cuts, which have contributed to the upward trend in metal prices [51][67]. Market Review - As of October 30, 2025, the non-ferrous metals industry has risen by 79.55% year-to-date, leading the market performance among all sectors [13][19]. - The industrial metals segment is benefiting from a global easing cycle, with copper and aluminum prices gradually recovering [68]. - Precious metals, particularly gold and silver, have shown volatility, influenced by changes in investor sentiment and central bank purchasing trends [37][67]. Price Analysis - Key prices as of October 30, 2025: - LME Copper: $10,930/ton - LME Aluminum: $2,870/ton - LME Lead: $2,022/ton - LME Zinc: $3,044.50/ton - LME Nickel: $15,250/ton - LME Tin: $35,720/ton [26][68]. - For precious metals: - COMEX Gold: $4,038.30/oz (up $145.7 since early October) - COMEX Silver: $48.73/oz (up $1.31 since early October) [37][67]. Sector Performance - The report suggests focusing on specific companies within the industry: - Western Mining (601168) and Luoyang Molybdenum (603993) in the industrial metals sector [70]. - Xiamen Tungsten (600549) in the small metals sector [68][70]. - The energy metals sector, particularly lithium carbonate, is highlighted for its potential growth due to advancements in energy storage and solid-state battery technologies [69].

Core Viewpoint - Shenghe Resources reported significant growth in its Q3 2025 financial results, with a revenue of 10.456 billion yuan, a year-on-year increase of 26.87%, and a net profit of 788 million yuan, a remarkable increase of 748.07% [1][2] Financial Performance - For the first three quarters of 2025, Shenghe Resources achieved a total revenue of 10.456 billion yuan, reflecting a year-on-year growth of 26.87%, while net profit reached 788 million yuan, marking a staggering increase of 748.07% [1][2] - In Q3 alone, the company experienced a revenue growth of 52.59% year-on-year and a net profit growth of 154.48%, second only to the first quarter's growth of 178.09% [2][3] - The increase in revenue and profit is attributed to rising prices of rare earth products, capacity release, and effective cost control, leading to a significant improvement in gross profit margins [1][2] Market Dynamics - The price of major rare earth products has seen substantial increases, with the price of rare earth concentrate rising to 26,205 yuan per ton, a 37.13% increase from the previous quarter [2] - The sales volume of rare earth oxides increased by 9.5%, while the sales volume of rare metals surged by 37.71% [3] Strategic Developments - Shenghe Resources is enhancing its global resource matrix by acquiring the Australian Peak company, which includes the development rights to the world-class Ngualla rare earth mine [4][5] - The Ngualla mine is noted for its large scale, high grade, and low cost, with a total rare earth reserve of 18.5 million tons and an average grade of 4.8% [5] Capacity Expansion - The company is also upgrading its Tanzanian Fungoni project to increase production capacity to 150,000 tons per year, with completion expected by the end of the year [5] - The production of rare earth oxides and metals has been steadily increasing, with production growth rates of 18.74% and 19.82% respectively in Q3 [3] Investor Interest - The strong performance of Shenghe Resources has attracted attention from public fund managers, with significant increases in holdings in the company by various ETFs [6]

Core Viewpoint - The rare earth index experienced a significant adjustment on October 31, with notable declines in several component stocks [1] Company Performance - China Rare Earth saw a decline of 4.57% [1] - Guangsheng Nonferrous dropped by 4.37% [1] - Northern Rare Earth decreased by 4.13% [1] - Huahong Technology fell by 3.88% [1] - Shenghe Resources declined by 3.20% [1]

Core Viewpoint - The rare earth permanent magnet industry has shown varied performance in Q3, with upstream companies benefiting from strong price increases, while midstream magnet manufacturers face challenges despite demonstrating resilience in growth [1] Group 1: Upstream Performance - Rare earth product prices have significantly increased, with the average price of praseodymium and neodymium oxide reaching 561.5 yuan per kilogram by September 30, marking a 41% increase since the beginning of the year [2] - Major rare earth resource companies reported substantial profit growth in Q3, with Guangxi Chuangsheng Nonferrous Metals, Shenghe Resources, and Northern Rare Earth seeing net profit increases of 240.56%, 166.31%, and 85.91% respectively [2] - Cash flow analysis indicates that upstream companies have stronger bargaining power and cash flow compared to downstream magnet manufacturers, reflecting higher profit quality [2] Group 2: Midstream Magnet Manufacturers - Despite facing policy uncertainties and market volatility, leading domestic magnet companies exhibited strong profit resilience in Q3, with significant growth in non-recurring net profits [4] - Companies like Ningbo Yunsheng, Jinli Permanent Magnet, and Zhenghai Magnetic Materials reported impressive non-recurring net profit growth rates of 621.23%, 254.98%, and 165.39% respectively [4] - The performance improvement in magnet companies is attributed to the release of new production capacity and the exploration of emerging markets [4][5] Group 3: Operational Challenges - Many companies experienced longer inventory turnover days compared to previous years, indicating potential operational challenges [6] - Some companies reported cash flow pressures, with net cash ratios falling below 1 or even negative, highlighting financial strain despite positive profit levels [6] - The overall performance of magnet companies in Q3 serves as evidence of their ability to grow amidst a complex environment [6]

Core Insights - The A-share market's Q3 2025 reports reveal significant growth across multiple industries, with notable reversals in performance for some sectors, particularly electronics, non-ferrous metals, and energy storage [1] Electronics Industry - The electronics sector, led by major player Industrial Fulian, reported a revenue of 603.93 billion yuan for the first three quarters, marking a 38.4% year-on-year increase, and a net profit of 22.49 billion yuan, up 48.52% [2] - AI-driven demand has significantly boosted growth in various electronic applications, including servers and communication devices, with companies like Zhongji Xuchuang and Xinyi achieving revenue increases of 44.43% and 221.7% respectively [2] - PCB companies also showed strong performance, with Shengyi Electronics reporting a staggering 497.61% increase in net profit [2] Non-Ferrous Metals Industry - The non-ferrous metals sector experienced substantial growth due to rising product prices and increased downstream demand, with several rare earth companies reporting over 100% growth in net profit [4] - For instance, Shenghe Resources achieved a net profit growth rate of 748.07%, driven by favorable market conditions and effective management strategies [4] - Other companies like Zijin Mining and Baiyin Nonferrous Metals also reported significant revenue increases, with Zijin Mining's revenue reaching approximately 254.2 billion yuan, up 10.33% [4] Energy Storage Industry - The energy storage sector is witnessing robust demand, with global lithium battery storage installations exceeding 170 GWh, reflecting a 68% year-on-year growth [5] - Companies like Sungrow Power reported a revenue of 66.40 billion yuan, up 32.95%, with a notable 70% increase in energy storage shipments [6] - Kelu Electronics also experienced growth, with a revenue increase of 23.42% and a net profit surge of 251.1%, highlighting the expanding applications and technological advancements in the energy storage market [6]