Group 1 - The rare earth permanent magnet sector in the A-share market has shown strong performance, with several companies experiencing significant stock price increases [1] - Shenghe Resources reached the daily limit increase, while China Rare Earth, Northern Rare Earth, San Chuan Wisdom, and others saw gains exceeding 6% [1] - The overall market sentiment in the rare earth sector appears positive, indicating potential growth opportunities for investors [1] Group 2 - Shenghe Resources (code: 600392) increased by 10.01%, with a total market capitalization of 47.6 billion and a year-to-date increase of 26.06% [2] - China Rare Earth (code: 000831) rose by 6.79%, with a market cap of 58.6 billion and a year-to-date increase of 18.88% [2] - Northern Rare Earth (code: 600111) saw a 6.73% increase, with a market capitalization of 193.3 billion and a year-to-date increase of 15.96% [2] - Other notable companies include San Chuan Wisdom (6.63% increase), China Rare Metals (6.13% increase), and Huahong Technology (6.02% increase), all showing strong year-to-date performance [2]

Group 1 - The core viewpoint of the news is that Shenghe Resources has achieved a significant stock price increase due to overseas resource acquisition, strong performance growth, and product structure optimization [2] Group 2 - Shenghe Resources' overseas resource layout has made substantial progress with the completion of the Ngualla mine acquisition, and the capacity of the Tanzania project is expected to reach 150,000 tons per year, significantly enhancing resource self-sufficiency [2] - The company's mid-2025 performance showed a strong revenue increase of 52.59% year-on-year to 4.277 billion, with a non-recurring net profit growth of 286%-346%, far exceeding the industry average [2] - The net profit attributable to the parent company is projected to be between 790 million and 910 million, representing a year-on-year increase of 281.28% - 339.2% [2] - The gross profit margin has improved by 173% to 10.09%, indicating effective cost control and product structure optimization [2] - The high-value polishing powder project is 63% complete and is expected to further optimize the product structure upon production in Q1 2026 [2] - The company's asset-liability ratio has decreased by 5.17 percentage points, indicating an improvement in financial structure [2] Group 3 - The rare earth industry is viewed positively as an important strategic and non-renewable resource, with recent market stimuli benefiting the sector [2] - On February 9, multiple stocks in the rare earth permanent magnet sector showed active performance, creating a sector-wide linkage effect [2] Group 4 - Technical analysis suggests that if the MACD indicator forms a golden cross and the stock price breaks through key resistance levels, it may attract more capital attention [2] - If major funds flow into the stock as indicated by Tonghuashun's capital monitoring, it could further drive the stock price to its limit [2]

Core Viewpoint - The continuous increase in gold reserves by the People's Bank of China (PBOC) for 15 consecutive months has positively impacted the performance of the non-ferrous metals sector, particularly the Huabao Non-Ferrous ETF, which saw a strong rise of 2.61% on February 9 [1][4]. Group 1: Market Performance - The Huabao Non-Ferrous ETF (159876) experienced a price increase of 2.61%, recovering above the 5-day moving average [1]. - The ETF's trading volume reached 63,890, with an average price of 1.134 [2]. - Key stocks in the non-ferrous sector, such as Hunan Silver, Shenghe Resources, and Northern Rare Earth, saw gains exceeding 3% [3]. Group 2: Central Bank Actions - The PBOC's gold reserves stood at 74.19 million ounces as of January 2026, up from 74.15 million ounces in December 2025, marking the 15th consecutive month of increases [3]. - The demand for gold from central banks remains strong, providing a supportive foundation for gold prices [4]. Group 3: Industry Outlook - Analysts predict that the non-ferrous metals sector will maintain a strong performance due to supply-demand mismatches, macroeconomic easing, and industrial upgrades, with high profitability expected to last 3-5 years [4]. - The Huabao Non-Ferrous ETF covers a wide range of metals, including copper, aluminum, gold, rare earths, and lithium, making it an efficient tool for investors to gain exposure to the sector [5].

Core Viewpoint - The rare earth permanent magnet sector is experiencing significant price increases, with specific companies seeing substantial stock price movements due to rising market prices for light rare earth elements [1] Group 1: Market Performance - The rare earth permanent magnet concept has seen a surge, with Shenghe Resources hitting the daily limit up [1] - Other companies such as China Rare Earth, Northern Rare Earth, and Zhongke Magnetic Materials also experienced stock price increases [1] Group 2: Price Movements - On February 6, the domestic light rare earth market prices rose, with praseodymium and neodymium metal prices increasing by 5,000 yuan per ton to 925,000 yuan per ton [1] - The price of praseodymium and neodymium oxide rose by 7,500 yuan per ton to 752,500 yuan per ton [1]

Core Viewpoint - The report highlights the growth in China's non-ferrous metal production, indicating a positive trend in the industry with a projected increase in output and investment opportunities in energy-saving and emission reduction initiatives from 2026 to 2032 [1] Group 1: Industry Overview - In December 2025, China's production of ten non-ferrous metals reached 7.21 million tons, reflecting a year-on-year growth of 4.9% [1] - The cumulative production of these ten non-ferrous metals for the entire year of 2025 was 81.75 million tons, showing a cumulative increase of 3.9% [1] - The data is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, emphasizing the reliability of the statistics [1] Group 2: Companies Involved - Key listed companies in the non-ferrous metal sector include Zijin Mining (601899), Luoyang Molybdenum (603993), China Aluminum (601600), Northern Rare Earth (600111), Jiangxi Copper (600362), Yunnan Copper (000878), Chihong Zinc & Germanium (600497), Zhongjin Gold (600489), Western Mining (601168), and Shenghe Resources (600392) [1] - These companies are positioned to benefit from the anticipated growth in the non-ferrous metal market and the focus on energy efficiency and emissions reduction [1]

| | | | 厂发证券股份有限 公司成都新光路证 | | | 广发证券股党备限 公司成都新光路证 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 2026-02-06 | 证券简称 盛和资源 | 证券代码 600392 | 成交价(元) 成交金额(万元) 成交量( * ) 买入营业部 22.06 | 1862.08 | 84.41 | | 卖出营业部 | 2月6日，盛和资源大宗交易成交84.41万股，成交额1862.08万元，占当日总成交额的1.09%，成交价22.06元，较市场收盘价24.67元折价10.58%。 ...

Group 1 - The A-share rare earth permanent magnet sector experienced a rise on February 6, with notable increases in stock prices for several companies [1] - Yujing Co., Ltd. saw a significant increase of over 8%, while Longhua Technology, Dongfang Zirconium, and Yahua Group all rose by over 5% [1] - Other companies such as Youyan New Materials, Zhongkuang Resources, and Northern Rare Earth also reported gains exceeding 4% [1] Group 2 - Yujing Co., Ltd. (002943) had a price increase of 8.68% with a total market value of 17.1 billion and a year-to-date increase of 110.48% [2] - Longhua Technology (300263) increased by 5.73%, with a market value of 12.2 billion and a year-to-date increase of 33.60% [2] - Dongfang Zirconium (002167) rose by 5.56%, with a market value of 10.2 billion and a year-to-date increase of 6.15% [2] - Yahua Group (002497) saw a 5.33% increase, with a market value of 29.2 billion and a year-to-date increase of 2.26% [2] - Youyan New Materials (600206) increased by 4.90%, with a market value of 18.3 billion and a year-to-date increase of 6.30% [2] - Zhongkuang Resources (002738) rose by 4.79%, with a market value of 59.8 billion and a year-to-date increase of 5.56% [2] - Northern Rare Earth (600111) increased by 4.16%, with a market value of 181.9 billion and a year-to-date increase of 9.11% [2] - Other companies such as Xiamen Tungsten (600549), Dadi Bear (688077), and Jiuling Technology (920505) also reported gains of 3.70%, 3.25%, and 3.10% respectively [2]

Core Insights - All 12 listed rare earth companies have reported positive earnings forecasts for 2025, indicating a strong performance outlook for the sector [1][2][3] Group 1: Earnings Forecasts - Northern Rare Earth is expected to achieve a net profit of 2.176-2.356 billion, reflecting an increase of 116.67%-134.60% year-on-year [4][5] - Shenghe Resources anticipates a net profit of 0.790-0.910 billion, with a year-on-year growth of 281.28%-339.20% [4][5] - Jien Mining is projected to report a net profit of 0.660-0.760 billion, representing a growth of 127.00%-161.00% [4][5] - Zhenghai Magnetic Materials expects a net profit of 0.310-0.380 billion, with an increase of 235.72%-311.52% [4][5] - Ningbo Yunsheng forecasts a net profit of 0.280-0.380 billion, indicating a growth of 194.49%-299.67% [4][5] - Yuyuan New Materials anticipates a net profit of 0.255-0.280 billion, with a year-on-year increase of 73.00%-90.00% [4][5] - Longi Magnet Technology expects a net profit of 0.155-0.200 billion, reflecting a growth of 39.57%-80.09% [4][5] - China Rare Earth is projected to turn a profit with a net profit of 0.143-0.185 billion [4][5] - Sanchuan Wisdom anticipates a net profit of 0.128-0.160 billion, with a year-on-year growth of 100.73%-150.91% [4][5] - Zhongxi Rare Metals expects to turn a profit with a net profit of 0.100-0.130 billion [4][5] - China Science and Technology is projected to achieve a net profit of 0.080-0.120 billion, with a significant increase of 566.23%-899.35% [4][5] - China Science Magnetics anticipates a net profit of 0.029-0.035 billion, reflecting a growth of 75.11%-108.32% [4][5]

证券日报网讯2月3日，盛和资源（600392）在互动平台回答投资者提问时表示，根据《上海证券交易所 股票上市规则》第五章，公司2025年利润指标达到披露要求，已在规定期限内完成业绩预告公告披露； 公司持续看好稀土行业未来发展；已于2025年9月完成匹克公司100%股权收购价款支付和股权交割，目 前项目尚处于开发前期准备阶段，将严格遵循国家法律法规要求有序推动后续工作。 ...

证券日报网讯2月3日，盛和资源（600392）在互动平台回答投资者提问时表示，公司产品以国内销售为 主；在严格遵守国家法律法规及产业政策的前提下，近两年公司有部分产品销往欧盟国家，该部分业务 的销售方式以直接对外出口为主。 ...