证券代码：600392 证券简称：盛和资源 公告编号：临 2025-036 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"）、赣州晨光 稀土新材料有限公司（以下简称"晨光稀土"）为盛和资源控股股份有限公司（以下 简称"公司"或"盛和资源"）下属全资子公司。 本次担保金额及已实际为其提供的担保余额：2025 年 6 月，公司在 2024 年年 度股东大会批准的担保额度范围内为乐山盛和提供的融资担保金额为10,000.00 万元， 为晨光稀土提供的融资担保金额为 20,000.00 万元。截止 2025 年 6 月 30 日，公司及 下属控股子公司为乐山盛和提供融资担保余额为 62,000.00 万元，为晨光稀土提供融 资担保余额为 95,700.00 万元。 一、担保情况概述 公司第八届董事会第二十次会议及 2024 年年度股东大会先后审议通过了《关于 2025 年度预计担保额度的议案》， ...

沪指7月14日上涨0.27%，申万所属行业中，今日上涨的有21个，涨幅居前的行业为机械设备、公用事 业，涨幅分别为1.23%、1.04%。有色金属行业今日上涨0.56%。跌幅居前的行业为房地产、传媒，跌幅 分别为1.29%、1.24%。 资金面上看，两市主力资金全天净流出381.11亿元，今日有6个行业主力资金净流入，机械设备行业主 力资金净流入规模居首，该行业今日上涨1.23%，全天净流入资金5.39亿元，其次是公用事业行业，日 涨幅为1.04%，净流入资金为3.36亿元。 主力资金净流出的行业有25个，计算机行业主力资金净流出规模居首，全天净流出资金85.06亿元，其 次是非银金融行业，净流出资金为70.29亿元，净流出资金较多的还有有色金属、电子、传媒等行业。 有色金属行业今日上涨0.56%，全天主力资金净流出38.41亿元，该行业所属的个股共137只，今日上涨 的有76只，涨停的有4只；下跌的有58只。以资金流向数据进行统计，该行业资金净流入的个股有48 只，其中，净流入资金超5000万元的有8只，净流入资金居首的是中金黄金，今日净流入资金3.10亿 元，紧随其后的是融捷股份、永杉锂业，净流入资金分别 ...

[Performance Forecast Overview](index=1&type=section&id=%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%A6%82%E8%A7%88) [Key Highlights](index=1&type=section&id=%E9%87%8D%E8%A6%81%E5%86%85%E5%AE%B9%E6%8F%90%E7%A4%BA) Shenghe Resources anticipates significant growth in both net profit attributable to shareholders and net profit after non-recurring gains/losses for H1 2025, successfully turning losses into profits Key Performance Indicators for H1 2025 Performance Forecast | Indicator | Estimated Amount (million yuan) | Year-on-Year Increase (million yuan) | | :--------------------------------- | :------------------------------ | :---------------------------------- | | Net profit attributable to shareholders of listed company | 305 - 385 | 373.517 - 453.517 | | Net profit after non-recurring gains/losses | 295 - 375 | 365.521 - 445.521 | [Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) [Performance Forecast Period](index=1&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%9C%9F%E9%97%B4) This performance forecast covers the period from January 1, 2025, to June 30, 2025 - The performance forecast period is from **January 1, 2025, to June 30, 2025**[4](index=4&type=chunk) [Specifics of Performance Forecast](index=1&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) Preliminary calculations by the company's finance department indicate that net profit attributable to shareholders for H1 2025 is expected to range from 305 million to 385 million yuan, representing significant year-on-year growth H1 2025 Performance Forecast (Preliminary Calculation) | Indicator | Estimated Amount (million yuan) | Year-on-Year Increase (million yuan) | | :--------------------------------- | :------------------------------ | :---------------------------------- | | Net profit attributable to shareholders of listed company | 305 - 385 | 373.517 - 453.517 | | Net profit after non-recurring gains/losses | 295 - 375 | 365.521 - 445.521 | [Audit Statement](index=1&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%9C%AA%E7%BB%8F%E6%B3%A8%E5%86%8C%E4%BC%9A%E8%AE%A1%E5%B8%88%E5%AE%A1%E8%AE%A1) The data in this performance forecast has not been audited by a certified public accountant - This performance forecast has not been audited by a certified public accountant[6](index=6&type=chunk) [Prior Period Performance](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E4%B8%9A%E7%BB%A9%E6%83%85%E5%86%B5) [Net Profit and Net Profit After Non-Recurring Gains/Losses](index=1&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E5%BD%92%E5%B1%9E%E4%BA%8E%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E7%9A%84%E5%87%80%E5%88%A9%E6%B6%A6) In the prior period, both net profit attributable to shareholders and net profit after non-recurring gains/losses were negative, indicating a loss Prior Period Performance | Indicator | Amount (million yuan) | | :--------------------------------- | :-------------------- | | Net profit attributable to shareholders of listed company | -68.517 | | Net profit after non-recurring gains/losses | -70.521 | [Earnings Per Share](index=2&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E6%AF%8F%E8%82%A1%E6%94%B6%E7%9B%8A) Earnings per share in the prior period were negative Prior Period Earnings Per Share | Indicator | Amount (yuan/share) | | :--- | :------------------ | | Earnings per share | -0.0391 | [Main Reasons for Performance Increase](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%A2%9E%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) Shenghe Resources' anticipated performance increase is primarily due to a year-on-year rise in prices of key rare earth products, coupled with the company's strategic market capture, optimized production and marketing, and enhanced cost control, leading to increased product sales - Prices of key rare earth products increased year-on-year, influenced by changes in market supply and demand dynamics[10](index=10&type=chunk) - The company seized market opportunities, optimizing product production and marketing[10](index=10&type=chunk) - Strengthened management empowerment and cost control led to a year-on-year increase in sales of key products during the reporting period, driving the company to turn losses into anticipated profits[10](index=10&type=chunk) [Risk Warning and Explanation](index=2&type=section&id=%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA%E4%B8%8E%E8%AF%B4%E6%98%8E) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) 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[11](index=11&type=chunk) [Other Explanations](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The forecast data is a preliminary calculation, and final financial figures will be based on the officially disclosed semi-annual report, with investors advised to be aware of investment risks - The above forecast data represents preliminary calculations by the company's finance department[12](index=12&type=chunk) - The specific and accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report[12](index=12&type=chunk) - Investors are kindly advised to be aware of investment risks[12](index=12&type=chunk)

盛和资源公告，预计2025年半年度实现归属于上市公司股东的净利润为3.05亿元到3.85亿元，与上年同 期相比，将增加3.74亿元到4.54亿元。预计2025年半年度实现归属于上市公司股东的扣除非经常性损益 的净利润为2.95亿元到3.75亿元，与上年同期相比，将增加3.66亿元到4.46亿元。 ...

Core Viewpoint - The rare earth sector is experiencing significant growth driven by soaring profits from leading companies and rising prices for rare earth materials, leading to a surge in market interest and stock performance [1][2][3]. Group 1: Company Performance - Northern Rare Earth has reported a projected net profit increase of over 55 times, with expected net profit for the first half of 2025 ranging from 900 million to 960 million yuan, marking a year-on-year increase of 1882.54% to 2014.71% [1]. - The company anticipates a non-GAAP net profit of 880 million to 940 million yuan for the same period, reflecting a year-on-year growth of 5538.33% to 5922.76% [1]. - The overall performance of the rare earth sector has improved, with major products like rare earth metals and permanent magnets seeing increased production and sales [2]. Group 2: Price Adjustments - Northern Rare Earth and Baotou Steel announced a price increase for rare earth concentrates, raising the price by 284 yuan per ton, which represents a 1.5% increase from the previous quarter [3]. - As of July 9, 2025, the price of praseodymium-neodymium oxide in China reached 452,500 yuan per ton, with a year-to-date increase of 12.42% and a year-on-year growth of 24.83% [2]. Group 3: Market Dynamics - The rare earth market is currently more active than the previous year, influenced by tightened upstream raw material supply and stimulating policies for downstream consumption [2]. - The Chinese government has implemented regulations to protect rare earth resources, which is expected to support prices in the long term [7][8]. - The crackdown on smuggling and illegal activities in the rare earth sector is likely to have a lasting impact on domestic supply, concentrating the industry around major players [9][10]. Group 4: Institutional Focus - Institutions are focusing on the strategic value of the rare earth sector, emphasizing the unique technological and operational advantages of China's rare earth processing capabilities [10]. - There is a recommendation to pay attention to leading companies in high-performance magnetic materials and those with strong growth potential in the rare earth industry, such as Northern Rare Earth and Kinglong Permanent Magnet [10].

Index Performance - The CSI A500 Index rose by 0.96% this week, closing at 4707.08 points on July 11, marking three consecutive weeks of gains [6] - The average daily trading volume for the week was 4067.87 billion yuan, with a week-on-week increase of 10.89% [6] Component Stocks Performance - The top ten gainers this week included: 1. Zhongyou Capital (000617.SZ) with a gain of 27.78% 2. Quzhou Development (600208.SH) with a gain of 23.67% 3. Northern Rare Earth (600111.SH) with a gain of 21.66% 4. Shenghe Resources (600392.SH) with a gain of 18.99% 5. Harbin Investment (600864.SH) with a gain of 16.36% 6. China Rare Earth (000831.SZ) with a gain of 16.31% 7. Baogang Group (600010.SH) with a gain of 15.47% 8. New Town Holdings (601155.SH) with a gain of 12.98% 9. JA Solar Technology (002459.SZ) with a gain of 12.56% 10. Sungrow Power Supply (300274.SZ) with a gain of 12.50% [4] - The top ten losers included: 1. Huahai Pharmaceutical (600521.SH) with a loss of 9.50% 2. Kelun Pharmaceutical (002422.SZ) with a loss of 8.61% 3. Baillie Gifford (688506.SH) with a loss of 8.43% 4. Junshi Biosciences (688180.SH) with a loss of 7.54% 5. Dongpeng Beverage (605499.SH) with a loss of 6.30% 6. Yingfeng Environment (000967.SZ) with a loss of 5.94% 7. Ziwen Mining (601899.SH) with a loss of 5.79% 8. Juhua Group (600160.SH) with a loss of 5.62% 9. Shandong Gold (600547.SH) with a loss of 5.41% 10. Pudong Development Bank (600000.SH) with a loss of 5.35% [4] Fund Performance - All 38 CSI A500 funds collectively rose this week, with the top performer being the Fortune Fund, which increased by 1.48% [7] - The total scale of these funds reached 1985.44 billion yuan, with the top three being Huatai-PineBridge (189.17 billion yuan), Guotai (178.43 billion yuan), and GF Fund (171.80 billion yuan) [7] Market Insights - Recent reports indicate that the A-share market has broken through key levels, moving away from a "full reduction" mindset, with structural expansion observed [8] - The bond market is experiencing low interest rates and volatility, facing strong resistance both upwards and downwards [8] - The report suggests that the second half of the year will see an influx of incremental capital, driving the market to a new level, with insurance capital leading the way [8] - The technology sector is highlighted as having high probability and return potential due to industry trends and supportive policies [8] - Consumer data shows signs of improvement, with macroeconomic indicators reflecting positive trends, particularly in discretionary consumption [9]

Market Overview - The market showed a strong upward trend in the morning, with both the Shanghai Composite Index and the ChiNext Index rising over 1% [1] - The total trading volume in the morning session reached 1.03 trillion [1] Sector Performance - The rare earth permanent magnet sector experienced a collective surge, with stocks such as Northern Rare Earth, Baogang Co., and Shenghe Resources hitting the daily limit [1] - Financial stocks, including brokerage and banking sectors, continued their strong performance, with stocks like China Merchants Bank and Harbin Investment hitting the daily limit, while Industrial and Commercial Bank of China and Zhihang Innovation reached new highs [1] - The innovative drug concept remained active, with stocks like WuXi AppTec, Kailai Pharmaceutical, and Lianhuan Pharmaceutical also hitting the daily limit [1] - Conversely, the PCB concept stocks faced adjustments, with Jin'an Guoji hitting the daily limit down [1] Stock Movement - A total of 2,667 stocks rose, with 50 stocks hitting the daily limit up; 2,237 stocks declined, with 10 stocks hitting the daily limit down [1] - 21 stocks experienced a "炸板" (a term indicating a stock hitting the limit up and then falling back), with a rate of 33% [1]

Group 1: Liquidity and Scale of Rare Metal ETFs - The rare metal ETF had an intraday turnover of 3.5%, with a transaction volume of 30.73 million yuan [3] - Over the past week, the average daily transaction volume of the rare metal ETF reached 37.71 million yuan, ranking first among comparable funds [3] - In the past year, the rare metal ETF's scale increased by 16.82 million yuan, also ranking first among comparable funds [3] - The latest margin buying amount for the rare metal ETF reached 2.08 million yuan, with a margin balance of 21.28 million yuan [3] Group 2: Performance and Returns - As of July 10, the net value of the rare metal ETF increased by 30.36% over the past year [3] - The highest monthly return since inception was 24.02%, with the longest consecutive monthly gains being 3 months and the longest gain percentage being 14.06% [3] - The average return during the rising months was 7.76% [3] Group 3: Industry Insights and Recommendations - The lithium sector is currently in a bottom oscillation phase, with solid-state battery industrialization accelerating and energy storage demand expected to surge [3] - The new energy storage installations are projected to grow by 140% year-on-year in 2024, which may serve as a core catalyst [3] - Companies with strong cost control in lithium extraction from salt lakes and those with overseas resource layouts are recommended for attention [3] Group 4: Rare Earth Market Dynamics - The implementation of the Rare Earth Management Regulations is expected to enhance compliance capacity concentration, with a growth rate of 5.9% in 2024 [4] - The supply-demand gap for praseodymium and neodymium oxide is anticipated to widen starting in 2025, with a focus on light rare earth leading enterprises [4] - The strategic position of rare earths is significant due to U.S. tariff policies, which may positively impact company performance [4] Group 5: Key Stocks in Rare Metal Sector - The top ten weighted stocks in the CSI Rare Metal Theme Index include Salt Lake Co., Northern Rare Earth, Luoyang Molybdenum, and others, accounting for 54.07% of the total weight [4] - Notable stock performances include Northern Rare Earth with a 9.85% increase and Salt Lake Co. with a 0.86% increase [6] Group 6: Investment Opportunities - Investors can also participate in the rare metal sector through the Rare Metal ETF linked fund (014111) [7]

Core Viewpoint - The rare earth permanent magnet concept stocks have seen a significant rise, with nearly 10 stocks hitting the daily limit up, indicating strong market interest and potential investment opportunities in this sector [1] Group 1: Stock Performance - Benlang New Materials reached the daily limit up with a 30% increase [1] - Other notable stocks that hit the daily limit up include Shenghe Resources, Northern Rare Earth, Huahong Technology, Jiuwu High-Tech, China Nonferrous Metal Mining, and Baotou Steel, among others [1] - JiuLing Technology, West Magnetic Technology, and Zhongke Magnetic Industry saw increases of over 10% [1]

Group 1 - The non-ferrous metal sector continues to rise, with Huahong Technology (002645) and Shenghe Resources hitting the daily limit up [1] - Jingyi Co., Ltd. (002295) and Wolong New Energy (600173) previously reached the daily limit up [1] - Huaxin Environmental (301265) and Hunan Silver (002716) are among the top gainers in terms of percentage increase [1] Group 2 - Dark pool funds are flowing into these stocks, indicating increased investor interest [1]