Group 1: Company Announcements - Mindray Medical plans to issue H-shares and list on the Hong Kong Stock Exchange, pending shareholder and regulatory approvals [1] - Shenghe Resources expects a net profit increase of 696.82% to 782.96% for the first three quarters of 2025, driven by favorable market demand and price increases for rare earth products [2] - Shandong Gold anticipates a net profit increase of 83.9% to 98.5% for the first three quarters of 2025, attributed to improved operational efficiency and rising gold prices [3] - Newray Materials reports significant stock price volatility, indicating potential market overreaction, although no fundamental changes have occurred [4] - Longbai Group's subsidiary has filed a lawsuit for technology infringement, with the amount involved totaling 1.311 billion yuan [5] - Chengdu Huami has launched a new RF transceiver chip, marking a significant breakthrough in its product line, although it is still in the early stages of market introduction [6] - Zhuhai Port has received approval from the CSRC to issue up to 1 billion yuan in technology innovation bonds [7] - Shengton Mining plans to acquire 100% of Canadian Loncor for approximately 1.9 billion USD, with core assets including a significant gold mining project in the Democratic Republic of Congo [8][9] Group 2: Financial Performance - Xiaogoods City reports a 100.52% increase in net profit for Q3 2025, with total revenue of 5.348 billion yuan, up 39.02% year-on-year [10] - Xianda Co. expects a net profit increase of 2807.87% to 3211.74% for the first three quarters of 2025, driven by rising prices of its main product [11] - Xianggang Technology anticipates a net profit increase of 182% to 200% for the first three quarters of 2025, supported by market expansion efforts [12] - Tongda Co. expects a net profit increase of 50.01% to 111.12% for the first three quarters of 2025, due to increased orders and delivery volumes [13] - Rockchip expects a net profit increase of 116% to 127% for the first three quarters of 2025, driven by growth in the AIoT market [14] - Jiantou Energy anticipates a net profit increase of 231.75% for the first three quarters of 2025, attributed to lower costs in its thermal power business [15] - Chongqing Steel expects a loss of 210 million to 230 million yuan for the first three quarters of 2025, an improvement from a loss of 1.35 billion yuan in the same period last year [16] - Yuanda Intelligent expects a net profit of 33.84 million to 50.74 million yuan for the first three quarters of 2025, recovering from a loss in the previous year [17] - China Metallurgical Group reports a 14.7% decline in new contracts signed in the first nine months of 2025, totaling 760.67 billion yuan, while overseas contracts increased by 10.1% [18]

Macro Dynamics - The People's Bank of China will conduct a 600 billion yuan reverse repurchase operation on October 15, 2025, with a term of 6 months [2] Industry Developments - Shanghai's Economic and Information Commission has issued an action plan for the high-quality development of the smart terminal industry (2026-2027), focusing on the layout of core chips such as SoC and CPU, covering X86, ARM, and RISC-V technology routes [3] - The World Steel Association forecasts that global steel demand will reach approximately 1.75 billion tons in 2025, remaining stable compared to 2024, with a mild rebound of 1.3% expected in 2026 [5] Company News - Goldman Sachs has upgraded the rating of Tigermed's A-shares from "Neutral" to "Buy," raising the target price from 62.1 yuan to 77.1 yuan, citing attractive entry points and expected growth in new orders [7] - DJI has filed an appeal against the U.S. Department of Defense regarding its designation as a "Chinese military enterprise," asserting its commitment to preventing the misuse of its products for military purposes [13] - JD.com announced a collaboration with CATL and GAC Group to launch a new car on November 9, clarifying that JD will not be directly involved in manufacturing [14] - G-bits expects a net profit increase of 57% to 86% year-on-year for the first three quarters of 2025, driven by new game launches [15] - Grand Materials announced that its chairman has been placed under detention, but the company's operations remain normal [16] - Shenghe Resources anticipates a net profit increase of 696.82% to 782.96% for the first three quarters of 2025, attributed to favorable market conditions for rare earth products [18] - Shandong Gold expects a net profit increase of 83.9% to 98.5% for the first three quarters of 2025, driven by improved operational efficiency and rising gold prices [19] - Longbai Group has filed a lawsuit for 1.3105 billion yuan due to the infringement of trade secrets [20]

Market Reactions - Xinlai Materials' stock price has deviated significantly from the ChiNext Composite Index, with a cumulative deviation exceeding 30% over two trading days, indicating potential market overheating despite no major changes in the company's fundamentals [3] - Longbai Group's subsidiary has filed a lawsuit for the infringement of trade secrets, with the amount involved totaling 1.311 billion yuan [4] Product Developments - Chengdu Huamei has successfully launched its first zero-intermediate frequency RF transceiver chip, which features a maximum bandwidth of 56MHz and is currently in the early stages of market introduction [5] Financial Performance - Xiaogoods City reported a 100.52% year-on-year increase in net profit for Q3 2025, with total revenue reaching 5.348 billion yuan, a 39.02% increase [8] - Xianda Co. expects a staggering net profit increase of 2807.87% to 3211.74% for the first three quarters of 2025, driven by rising market prices for its main product [9] - Shenghe Resources anticipates a net profit increase of 696.82% to 782.96% for the first three quarters of 2025, attributed to favorable market demand for rare earth products [10] - Xianggang Technology forecasts a net profit increase of 182% to 200% for the first three quarters of 2025, supported by ongoing market expansion efforts [12] - Tongda Co. expects a net profit increase of 50.01% to 111.12% for the first three quarters of 2025, driven by increased orders from its subsidiary [13] - Ruixin Microelectronics anticipates a net profit increase of 116% to 127% for the first three quarters of 2025, fueled by growth in the AIoT market [14] - Shandong Gold expects a net profit increase of 83.9% to 98.5% for the first three quarters of 2025, benefiting from improved operational efficiency and rising gold prices [15] - Jiantou Energy forecasts a net profit increase of 231.75% for the first three quarters of 2025, primarily due to lower coal prices and increased profitability from its power generation subsidiaries [16] - Chongqing Steel anticipates a loss of 210 million to 230 million yuan for the first three quarters of 2025, an improvement from a loss of 1.35 billion yuan in the same period last year [17] - Yuanda Intelligent expects to turn a profit with a net profit forecast of 33.84 million to 50.74 million yuan for the first three quarters of 2025, compared to a loss in the previous year [18] - China Metallurgical Group reported a 14.7% year-on-year decline in new contracts signed, totaling 760.67 billion yuan for the first nine months of 2025, while overseas contracts increased by 10.1% [19] Contracts and Financing - Jianglong Shipbuilding signed a sales contract worth 72.99 million yuan for a 600-ton law enforcement vessel, which is expected to enhance the company's market share and brand influence [21][22] - Energy-saving Guozhen's major shareholder plans to increase its stake by at least 2% within six months [24] - Jinhai Biological plans to raise up to 300 million yuan through a private placement to fund wastewater treatment and other projects [26]

Core Viewpoint - Shenghe Resources (600392.SH) expects a significant increase in net profit for the first three quarters of 2025, projecting a range of 740 million to 820 million yuan, representing a year-on-year increase of 696.82% to 782.96% [1] Group 1: Financial Performance - The company anticipates net profit attributable to shareholders to reach between 740 million and 820 million yuan for the first three quarters of 2025 [1] - This projected profit reflects a substantial year-on-year growth of approximately 696.82% to 782.96% [1] Group 2: Market Conditions - The overall market demand for rare earth products has improved, influenced by changes in market supply and demand dynamics [1] - Product prices for rare earth materials have increased compared to the previous year [1] Group 3: Company Strategy - The company has capitalized on market opportunities by optimizing product production and marketing strategies [1] - There has been a focus on enhancing management capabilities and cost control measures, contributing to the significant growth in operational performance compared to the same period last year [1]

Core Viewpoint - The company Shenghe Resources (SH 600392) expects a significant increase in net profit for the first three quarters of 2025, projecting a range of 740 million to 820 million yuan, representing a year-on-year increase of approximately 696.82% to 782.96% [1] Financial Performance - The expected net profit for the first three quarters of 2025 is between 740 million and 820 million yuan, an increase of about 647 million to 727 million yuan compared to the same period last year [1] - The substantial growth in performance is attributed to favorable market demand for rare earth products and price increases compared to the previous year [1] Revenue Composition - For the year 2024, the revenue composition of Shenghe Resources is as follows: Industrial segment accounts for 68.8%, Commercial segment for 27.92%, Processing services for 2.69%, and Other businesses for 0.6% [1] Market Capitalization - As of the report date, the market capitalization of Shenghe Resources is 43.8 billion yuan [1]

Core Viewpoint - The company expects a significant increase in net profit attributable to shareholders, projecting between 740 million to 820 million yuan for the first three quarters of 2025, representing a year-on-year growth of 696.82% to 782.96% [1] Group 1 - The increase in profit is attributed to favorable changes in market supply and demand dynamics, leading to improved demand and price increases for rare earth products [1] - The company has effectively seized market opportunities by optimizing production and marketing strategies, enhancing management capabilities, and implementing cost control measures [1]

证券代码：600392 证券简称：盛和资源 公告编号：临 2025-056 盛和资源控股股份有限公司 关于为控股子公司提供担保的进展公告 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、完整性承担个别及连带责任。 重要内容提示： 被担保人名称：乐山盛和稀土有限公司（以下简称"乐山盛和"）为盛和资源 下属全资子公司。 本次担保是否有反担保：乐山盛和提供反担保。 对外担保逾期的累计数量：无 2025 年 9 月，公司为乐山盛和提供的融资担保金额为 15,000.00 万元。截至 2025 年 9 月 30 日，公司及下属控股子公司相互提供 担保发生情况及累计融资担保余额如下： 序 号 担保方 被担保方 被担保方与 公司的关系 金融机构 2025 年 9 月担保金 额（万元） 累计担保余 额（万元） 累计担保余 额占公司最 近一期经审 计净资产的 比例（%） 担保方式 担保 期限 是否 有反 担保 被担保方 最近一期 资产负债 率（%） 1 盛和资源 乐山盛和 全资子公司 乐山农商银行五通桥支行 15,000.00 1.55 连带责任保证 三年 是 26 ...

[2025 Q1-Q3 Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts significant growth in net profit attributable to shareholders and non-recurring net profit for the first three quarters of 2025, exceeding 50% year-over-year [Performance Forecast Period](index=1&type=section&id=(I)%20Performance%20Forecast%20Period) This performance forecast covers the period from January 1, 2025, to September 30, 2025 - The performance forecast period is from January 1, 2025, to September 30, 2025[3](index=3&type=chunk) [Core Financial Metrics Forecast](index=1&type=section&id=(II)%20Performance%20Forecast%20Details) Shenghe Resources expects net profit attributable to shareholders for the first three quarters of 2025 to be between CNY 740 million and CNY 820 million, and net profit attributable to shareholders (excluding non-recurring items) to be between CNY 726.5 million and CNY 806.5 million, both showing significant growth with net profit increasing over 50% year-over-year 2025 Q1-Q3 Performance Forecast Key Metrics | Metric | Estimated Amount (CNY 10,000) | Year-over-Year Growth (CNY 10,000) | Year-over-Year Growth (%) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | 74,000 - 82,000 | 64,713.04 - 72,713.04 | 696.82% - 782.96% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 72,650 - 80,650 | 64,290.44 - 72,290.44 | 769.06% - 864.76% | - The performance forecast applies to situations where profitability is achieved and net profit increases by **over 50% year-over-year**[2](index=2&type=chunk) [Audit Status](index=1&type=section&id=(III)%20Current%20Period%20Performance%20Forecast%20Unaudited%20by%20Certified%20Public%20Accountants) The performance forecast data for this period has not been audited by certified public accountants - This performance forecast has not been audited by certified public accountants[5](index=5&type=chunk) [Prior Period Performance Review](index=2&type=section&id=II.%20Prior%20Period%20Performance%20Overview) This section reviews the company's key financial performance indicators for the first three quarters of the previous year [Profit Indicators](index=2&type=section&id=(I)%20Total%20Profit%3A%20CNY%20163.4925%20Million%3B%20Net%20Profit%20Attributable%20to%20Shareholders%3A%20CNY%2092.8696%20Million%3B%20Net%20Profit%20Attributable%20to%20Shareholders%20(Excluding%20Non-recurring%20Items)%3A%20CNY%2083.5956%20Million) In the first three quarters of 2024, the company achieved a total profit of CNY 163.4925 million, net profit attributable to shareholders of CNY 92.8696 million, and net profit attributable to shareholders (excluding non-recurring items) of CNY 83.5956 million 2024 Q1-Q3 Profit Indicators | Metric | Amount (CNY 10,000) | | :--- | :--- | | Total Profit | 16,349.25 | | Net Profit Attributable to Shareholders | 9,286.96 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 8,359.56 | [Earnings Per Share](index=2&type=section&id=(II)%20Earnings%20Per%20Share%3A%20CNY%200.053) In the first three quarters of 2024, the company's basic earnings per share was CNY 0.053 - Basic earnings per share for the first three quarters of 2024 was **CNY 0.053**[7](index=7&type=chunk) [Analysis of Significant Performance Growth](index=2&type=section&id=III.%20Primary%20Reasons%20for%20Current%20Period's%20Forecasted%20Performance%20Increase) The company's significant performance growth is primarily attributed to favorable market demand and year-over-year price increases for key rare earth products, alongside optimized production, marketing, and strengthened management and cost control - Overall market demand for key rare earth products improved, leading to **year-over-year price increases**[8](index=8&type=chunk) - The company capitalized on market opportunities, optimizing product production and marketing[8](index=8&type=chunk) - Strengthened management empowerment and cost control[8](index=8&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company states that there are no significant uncertainties affecting the accuracy of this performance forecast - The company confirms no significant uncertainties affect the accuracy of this performance forecast[9](index=9&type=chunk) [Important Notes](index=2&type=section&id=V.%20Other%20Explanations) The forecast data is based on preliminary financial department calculations, with final accurate data subject to the company's officially disclosed 2025 Third Quarter Report, advising investors to be aware of investment risks - Forecast data represents preliminary calculations by the company's financial department[10](index=10&type=chunk) - Final accurate financial data will be based on the company's officially disclosed 2025 Third Quarter Report[10](index=10&type=chunk) - Investors are reminded to be aware of investment risks[10](index=10&type=chunk)

Core Viewpoint - The company expects significant growth in net profit for the first three quarters of 2025, driven by favorable market conditions and effective management strategies [1] Financial Performance - The company anticipates a net profit attributable to shareholders ranging from 740 million to 820 million yuan for the first three quarters of 2025, representing an increase of 647 million to 727 million yuan compared to the same period last year, which is a year-on-year increase of 696.82% to 782.96% [1] - The expected net profit, excluding non-recurring gains and losses, is projected to be between 727 million and 807 million yuan, reflecting an increase of 643 million to 722 million yuan year-on-year, translating to a growth of 769.06% to 864.76% [1] Market Conditions - The overall market demand for rare earth products has improved, and product prices have increased year-on-year due to changes in market supply and demand dynamics [1] - The company has capitalized on market opportunities by optimizing production and marketing strategies, enhancing management capabilities, and controlling costs, leading to substantial growth in operational performance compared to the previous year [1]

Core Viewpoint - The company expects a significant increase in net profit for the first three quarters of 2025, driven by favorable market conditions for rare earth products and price increases [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders ranging from 740 million to 820 million yuan, representing a year-on-year growth of 696.82% to 782.96% [1] - The substantial growth in operating performance is attributed to changes in market supply and demand dynamics [1] Group 2: Market Conditions - There is a positive outlook for the demand for rare earth products, which has contributed to the increase in prices compared to the previous year [1] - The company has effectively seized market opportunities by optimizing production and marketing strategies [1] Group 3: Management Strategies - The company has strengthened management capabilities and cost control measures to enhance operational efficiency [1]