Core Viewpoint - The article highlights the significant growth in net profits and revenues of several listed companies in their Q3 2025 financial reports, indicating a positive trend in various sectors. Company Summaries - **Youzu Interactive (游族网络)**: Q3 revenue reached 331 million yuan, up 11.99% year-on-year, with net profit of 26.20 million yuan, a staggering increase of 4466.74%. For the first three quarters, revenue was 1.02 billion yuan, up 2.20%, and net profit was 76.36 million yuan, up 1374.60% [2][3]. - **Pingtan Development (平潭发展)**: Q3 revenue was 287 million yuan, up 11.78%, with net profit of 16.14 million yuan, an increase of 1970.63%. For the first three quarters, revenue was 1.03 billion yuan, down 13.04%, while net profit was 31.23 million yuan, up 38.39% [4]. - **Fenglong Technology (锋龙股份)**: Q3 revenue was 122 million yuan, up 8.99%, with net profit of 6.20 million yuan, an increase of 1082.14%. For the first three quarters, revenue was 373 million yuan, up 9.47%, and net profit was 21.52 million yuan, up 1714.99% [5]. - **Lito Electronics (利通电子)**: Q3 revenue reached 946 million yuan, up 57.09%, with net profit of 164.87 million yuan, a remarkable increase of 1432.90%. For the first three quarters, revenue was 2.46 billion yuan, up 65.18%, and net profit was 215.95 million yuan, up 309.76% [6]. - **Sungrow Power Supply (杉杉股份)**: Q3 revenue was 4.95 billion yuan, up 10.91%, with net profit of 76.29 million yuan, an increase of 1253.04%. For the first three quarters, revenue was 14.81 billion yuan, up 11.48%, and net profit was 284 million yuan, up 1121.72% [7]. - **Silicon Microelectronics (士兰微)**: Q3 revenue was 3.38 billion yuan, up 16.88%, with net profit of 84.27 million yuan, an increase of 56.62%. For the first three quarters, revenue was 9.71 billion yuan, up 18.98%, and net profit was 349 million yuan, up 1108.74% [8][9]. - **Shenghe Resources (盛和资源)**: Q3 revenue was 4.28 billion yuan, up 52.59%, with net profit of 410.70 million yuan, an increase of 154.48%. For the first three quarters, revenue was 10.46 billion yuan, up 26.87%, and net profit was 787.60 million yuan, up 748.07% [10].

Core Insights - The rare earth permanent magnet sector saw a slight increase of 0.43% as of the market close on October 30, ranking 8th among concept sectors [1] - Within this sector, 30 stocks experienced gains, with notable increases from Jiuling Technology (up 9.85%), Keheng Co., Ltd. (up 6.89%), and Zhongke Magnetic (up 5.71%) [1] - Conversely, stocks such as Fangbang Co., Ltd. (down 5.68%), Wanlang Magnetic Plastic (down 5.32%), and Gangyan Nake (down 3.49%) faced significant declines [1] Market Performance - The rare earth permanent magnet sector had a net outflow of 160 million yuan in principal funds today, with 26 stocks receiving net inflows [2] - China Aluminum led the net inflow with 168 million yuan, followed by Zhongkuang Resources (130 million yuan), Jinli Permanent Magnet (127 million yuan), and Antai Technology (90.3 million yuan) [2] Fund Flow Ratios - New Fengguang, Keheng Co., Ltd., and Wolong New Energy had the highest net inflow ratios at 15.33%, 11.29%, and 10.51% respectively [3] - The top stocks in the rare earth permanent magnet sector based on net inflow include: - China Aluminum: 4.04% increase, 4.18% turnover rate, 168.41 million yuan net inflow [3] - Zhongkuang Resources: 5.68% increase, 6.37% turnover rate, 129.55 million yuan net inflow [3] - Jinli Permanent Magnet: 4.81% increase, 11.01% turnover rate, 126.72 million yuan net inflow [3] Declining Stocks - Stocks such as Fangbang Co., Ltd. and Wanlang Magnetic experienced the largest declines, with Fangbang down 5.68% and Wanlang down 5.32% [5] - Other notable declines included Zhongke Magnetic (down 1.35%) and Baogang Co., Ltd. (down 1.79%) [5][6]

为加强公司合规管理工作的需要，根据《公司法》、《公司章程》的规定，经公司 总经理提名，公司董事会提名委员会资格审查，董事会同意聘任郭晓雷先生（简历 附后）为公司首席合规官，任期自本次董事会审议通过之日起至第九届董事会任期 届满之日止。 特此公告。 盛和资源控股股份有限公司董事会 2025 年 10 月 31 日 附件 证券代码：600392 证券简称：盛和资源 公告编号：临2025-060 盛和资源控股股份有限公司 关于聘任首席合规官的公告 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个别及连带责任。 盛和资源控股股份有限公司（以下简称"公司"）于 2025 年 10 月 30 日召开第九 届董事会第六次会议审议通过了《关于聘任公司首席合规官的议案》。 郭晓雷先生简历 郭晓雷：男，硕士研究生，法学学士，EMBA。曾就职于天津市河西区人民法院， 任法官助理兼院团支部书记；曾就职于北京金杜（成都）律师事务所，任证券部律 师；2014 年 2 月至今，就职于盛和资源控股股份有限公司，历任投资发展管理部经 理、总经理助理。2022 年 8 月 ...

证券代码：600392 证券简称：盛和资源 公告编号：临2025-059 盛和资源控股股份有限公司 第九届董事会第六次会议决议公告 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个别及连带责任。 （一）议案名称和表决情况 1、审议通过《关于 2025 年第三季度报告的议案》 本报告已经董事会审计委员会事先认可并同意提交董事会审议。 本议案表决结果：同意 12 票，反对 0 票，弃权 0 票。 2、审议通过《关于聘任公司首席合规官的议案》 重要内容提示： 一、董事会会议召开情况 1、盛和资源控股股份有限公司（以下简称"公司"）第九届董事会第六次会议 于 2025 年 10 月 30 日以通讯方式召开。公司董事会办公室已依照公司章程的规定， 以电子邮件或专人送达的方式通知了第九届董事会所有董事。会议召集程序符合《公 司法》和《公司章程》的有关规定。 2、本次董事会采用通讯方式召开，本次会议应参会董事 12 人，实际参会董事 12 人。会议由公司董事长谢兵先生主持。公司部分高管人员列席本次会议。 综上，本次会议的召开和表决程序符合《公司法》和 ...

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。 盛和资源控股股份有限公司 2025 年第三季度报告 证券代码：600392 证券简称：盛和资源 盛和资源控股股份有限公司 2025 年第三季度报告 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 4,277,494,202.39 | 52.59 | 10,456 ...

Core Viewpoint - Shenghe Resources reported significant growth in both revenue and net profit for the third quarter and the first three quarters of the year, indicating strong operational performance and financial health [1] Group 1: Third Quarter Performance - The company achieved a revenue of 4.277 billion yuan in the third quarter, representing a year-on-year increase of 52.59% [1] - The net profit attributable to shareholders for the third quarter was 411 million yuan, showing a remarkable year-on-year growth of 154.48% [1] Group 2: Year-to-Date Performance - For the first three quarters, the company reported a total revenue of 10.456 billion yuan, which is a year-on-year increase of 26.87% [1] - The net profit attributable to shareholders for the first three quarters reached 788 million yuan, reflecting an extraordinary year-on-year growth of 748.07% [1]

盛和资源控股股份有限公司 对外投资管理制度 （2025年10月修订） 第一章 目的 第一条 为了规范盛和资源控股股份有限公司（以下简称"公司"）及各合并报表范围内控 股子公司（以下简称"子公司"）对外投资管理业务，优化投资决策流程，完善投资决策机制， 确保投资过程的科学、规范、透明，有效防范和应对投资风险，保障公司和股东的利益，根据 《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易所股票上市规则》以及 国有资产监督管理规定等相关法律法规及《盛和资源控股股份有限公司章程》（以下简称"《 公司章程》"）之规定，结合公司实际情况，制定本制度。 第二条 本制度适用于公司及子公司。 第三条 本制度所称对外投资是指公司及子公司对外进行的投资行为，包括公司为获得长 期收益或者为服务于公司长期发展战略，以货币资金、实物资产、无形资产等公司可支配的 财产或公司发行的证券或子公司新增股本作为支付对价，收购、认购或者与其他主体共同设 立企业等形式实施的股权投资活动，以及收购或竞拍矿业权、收购重大资产或资产组、业务 单元的资产投资活动等。 本制度所称对外投资不包括： （一）以获取价差收益为目的的下列投资： 1.股票及其 ...

Group 1 - Rare earth concept stocks experienced a significant afternoon rally, with Northern Rare Earth, Goldwind Technology, and China Aluminum rising over 4%, while China Rare Earth, Shenghe Resources, and Greeenmei increased by more than 2% [1] - The Rare Earth ETF saw an approximate increase of 2% due to market influences [1] Group 2 - Several brokerages indicate that rare earths, as core resources for high-end manufacturing and strategic emerging industries, are showing a resonant pattern on both supply and demand sides [2] - The strategic position of the rare earth industry chain is expected to be further solidified against the backdrop of increased supply concentration and upgraded demand structure, providing long-term driving force for high-end manufacturing development [2]

Core Insights - The semiconductor industry is facing a significant cost increase due to a 90% price hike in hexafluorotungsten, a critical gas used in chip manufacturing, starting in 2025 [1][3] - The price of tungsten, the raw material for hexafluorotungsten, has surged approximately 95% in China, reaching 280,000 RMB per ton [3] - The supply chain is undergoing a fundamental shift, with tungsten accounting for about 60% of the cost of hexafluorotungsten, making it highly sensitive to price changes [3][10] Industry Impact - Hexafluorotungsten is essential in semiconductor manufacturing, particularly in chemical vapor deposition processes, where it deposits high-purity tungsten films on wafers [7][8] - The global semiconductor industry consumes 7,000 to 8,000 tons of hexafluorotungsten annually, highlighting its critical role in producing logic chips, DRAM, and 3D NAND flash memory [8] - China's dominance in tungsten mining, with over 80% of global production, positions it as a key player in the semiconductor supply chain [10] Company Developments - China Shipbuilding Special Gas is a leading supplier of hexafluorotungsten, with an annual capacity of 2,000 tons and a global market coverage of 70.31% [10][12] - Other Chinese companies, such as Nanda Optoelectronics and Haohua Technology, are also expanding their presence in the hexafluorotungsten market [12] - Major tungsten producers like Xiamen Tungsten and Zhangyuan Tungsten are well-positioned in the supply chain, controlling the entire process from mining to deep processing [12] Market Dynamics - The Korean government plans to subsidize domestic production of key semiconductor materials to mitigate supply chain risks starting in 2025 [12] - The semiconductor industry is cyclical, and current high demand may decrease, leading to uncertainty in tungsten prices and their impact on hexafluorotungsten [12][14] - The volatility in hexafluorotungsten prices is prompting the semiconductor industry to reassess supply chain dependencies and consider diversification strategies [14]

证券代码：600392 证券简称：盛和资源 公告编号：临2025-058 盛和资源控股股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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个别及连带责任。 重要内容提示： 会议召开时间：2025 年 11 月 06 日（星期四）11:00-12:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 10 月 30 日(星期四)至 11 月 05 日(星期三)16:00 前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 securities@shengheholding.com 进行提问。公司将在说明会上就投资者普遍关注的 问题进行回答。 盛和资源控股股份有限公司（以下简称"公司"）将于 2025 年 10 月 31 日发布 公司 2025 年第三 ...