证券代码：600397 证券简称：江钨装备 公告编号：2025-077 江西江钨稀贵装备股份有限公司 重大资产置换暨关联交易之标的资产 过渡期损益情况的公告 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法律责任。 江西江钨稀贵装备股份有限公司（以下简称"上市公司"或"公司"）以持 有的煤炭业务相关资产及负债与江西江钨控股发展有限公司（以下简称"江钨发 展"）持有的赣州金环磁选科技装备股份有限公司（以下简称"金环磁选"）8,550 万股股份（对应股比 57.00%）的等值部分进行置换，置入资产与置出资产交易 价格的差额部分，由一方向另一方以现金方式补足（以下简称"本次交易"）。 截至本公告披露日，本次交易已完成标的资产交割及相关工商变更登记手续。 具体内容详见公司分别于 2025 年 8 月 13 日、2025 年 8 月 16 日披露的《安源煤 业集团股份有限公司关于重大资产置换暨关联交易之标的资产过户进展情况的 公告》（公告编号：2025-069）、《安源煤业集团股份有限公司重大资产置换暨 关联交易实施情况报告书》。 自 2024 ...

Group 1 - The coal mining sector increased by 2.28% on October 14, with Dayou Energy leading the gains [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] - Dayou Energy's stock price rose by 10.00% to 4.95, with a trading volume of 920,400 shares and a transaction value of 432 million yuan [1] Group 2 - The coal mining sector saw a net inflow of 502 million yuan from main funds, while retail investors experienced a net outflow of 449 million yuan [2] - Jiangtong Equipment had a net inflow of 144 million yuan from main funds, but a net outflow of 64 million yuan from retail investors [3] - The overall trading activity in the coal mining sector indicates a mixed sentiment among different types of investors, with main funds showing interest while retail investors withdrew [2][3]

Core Viewpoint - The A-share market showed mixed performance on October 14, with the Shanghai Composite Index nearing 3900 points, while the ChiNext Index fell over 2% after an initial rise [1][3]. Market Performance - The total trading volume in the Shanghai and Shenzhen markets reached 1.67 trillion yuan, an increase of 905 billion yuan compared to the previous trading day [3]. - Out of 2438 stocks, 42 hit the daily limit up, while 2825 stocks declined [3]. Sector Performance - The financial and liquor sectors were active, with insurance and banking stocks leading the gains [3][9]. - The coal sector rose over 3%, leading the market, with several stocks recording significant gains [9][10]. - The semiconductor sector experienced a notable decline, with various related stocks showing weakness [18]. Notable Stocks - New China Life Insurance saw a price increase of 6.16%, reaching 66.01 yuan per share, with a total market capitalization of 183.9 billion yuan [5][6]. - Major banks like Chongqing Bank and China Merchants Bank also saw gains, with Chongqing Bank rising over 5% [7][8]. - In the coal sector, Dayou Energy recorded a 10% increase, while other companies like Baotailong and Jiangtong Equipment also saw significant gains [10][11]. Liquor Sector Highlights - The liquor sector rebounded, with notable increases in stocks such as Kweichow Moutai and Wuliangye, which rose by 2.35% and 1.74% respectively [12][14]. - The sector was buoyed by market interest following comments from a well-known investor regarding Moutai [16]. Emerging Trends - The cultivated diamond sector saw a surge of over 6%, with stocks like Lili Diamond and Huifeng Diamond rising significantly [16][17]. - The semiconductor industry faced a downturn, with major companies like SMIC and Huagong Information experiencing declines of over 4% [18][19].

Investment Rating - The report rates the mining machinery industry as "Overweight" due to expected growth driven by rising metal prices [3][4]. Core Insights - Rising prices of precious and industrial metals are anticipated to boost capital expenditures on mining equipment, as increased profits for mining companies enhance their willingness to invest in new equipment [4]. - The demand for tools and spare parts is expected to rise directly with increased mining and processing volumes, with specific companies recommended for investment in these segments [4]. - The acceleration of new mining projects will lead to increased demand for complete machinery, with several companies highlighted as potential investment opportunities [4]. - Companies with mining assets are expected to benefit directly from price increases, particularly those involved in tungsten mining, which has seen significant price appreciation this year [4]. Summary by Sections Equipment Investment - The report emphasizes that equipment investment is driven by the upward trend in metal prices, which leads to increased mining activity and capital expenditures [4]. Tools and Spare Parts - The report categorizes mining tools into three types: dragging tools, rotating tools, and impact tools, recommending companies such as New Sharp, Hengli Drill, and Zhongtung High-Tech for investment [4]. Complete Machinery - The report identifies key segments in the mining process, including excavation, crushing, transportation, and mineral processing, and suggests companies like Xugong Machinery and Sany Heavy Industry for investment [4]. Mining Asset Companies - The report highlights the significant profit potential for companies with tungsten mining assets due to substantial price increases, recommending companies like Zhongtung High-Tech and Xiamen Tungsten for investment [4].

Market Overview - On September 30, the coal mining sector rose by 0.05% compared to the previous trading day, with Panjiang Coal and Electricity leading the gains [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Individual Stock Performance - Panjiang Coal and Electricity (600395) closed at 5.39, up 2.47% with a trading volume of 305,100 shares and a turnover of 163 million yuan [1] - Jiangxi Tungsten Industry Equipment (600397) closed at 6.96, up 1.31% with a trading volume of 260,700 shares and a turnover of 181 million yuan [1] - Huai Bei Mining (600985) closed at 12.33, up 1.07% with a trading volume of 223,000 shares and a turnover of 274 million yuan [1] - China Shenhua Energy (601088) closed at 38.50, up 0.39% with a trading volume of 238,900 shares and a turnover of 916 million yuan [1] Capital Flow Analysis - The coal mining sector experienced a net outflow of 140 million yuan from institutional investors and a net outflow of 115 million yuan from speculative funds, while retail investors saw a net inflow of 256 million yuan [2] - The capital flow for individual stocks shows that Shaanxi Coal and Chemical Industry (601225) had a net inflow of 47.94 million yuan from institutional investors, while it faced a net outflow of 90.76 million yuan from speculative funds [3] - China Shenhua Energy (601088) had a net inflow of 15.19 million yuan from institutional investors, but a net outflow of 36.79 million yuan from speculative funds [3]

Core Viewpoint - Jiangte Equipment (600397) experienced a significant decline of 6.28% in its stock price, with a trading volume of 3.46 billion yuan and a turnover rate of 5.01% on the day of reporting [2]. Trading Activity - The stock was listed on the Shanghai Stock Exchange's watch list due to a daily price deviation of -7.18%, with institutional investors net selling 48.16 million yuan [2]. - The top five trading departments recorded a total transaction amount of 108 million yuan, with a buying amount of 31.15 million yuan and a selling amount of 77.07 million yuan, resulting in a net sell of 45.92 million yuan [2]. - Among the trading departments, one institutional specialized seat was noted, which accounted for a net sell of 48.16 million yuan [2]. Fund Flow - The stock saw a net outflow of 35.34 million yuan in main funds, with a significant outflow of 12.25 million yuan from large orders and 23.09 million yuan from major funds [2]. - Over the past five days, the main funds experienced a net outflow of 47.28 million yuan [2]. Financial Performance - The company reported a revenue of 1.72 billion yuan for the first half of the year, reflecting a year-on-year decline of 35.30%, and a net loss of 290 million yuan [2].

Market Overview - The coal mining sector experienced a decline of 0.95% on September 29, with Jiangxi Tungsten Equipment leading the drop [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Individual Stock Performance - Notable gainers in the coal mining sector included: - Wuchan Zhongda (603071) with a closing price of 13.76, up 1.47% [1] - Lu'an Environmental (6619109) at 14.29, up 1.20% [1] - Kailuan Energy (600997) at 6.75, up 0.90% [1] - Major decliners included: - Jiangxi Tungsten Equipment (600397) at 6.87, down 6.28% [2] - Pingmei Shenma Energy (601666) at 7.94, down 3.41% [2] - Shanxi Coking Coal (000983) at 6.95, down 2.52% [2] Capital Flow Analysis - The coal mining sector saw a net outflow of 498 million yuan from institutional investors and a net outflow of 114 million yuan from speculative funds, while retail investors contributed a net inflow of 612 million yuan [2] - Specific stock capital flows included: - Yongtai Energy (600157) with a net inflow of 57.86 million yuan from institutional investors [3] - Shanmei International (600546) with a net outflow of 20.14 million yuan from retail investors [3]

证券之星消息，9月26日煤炭开采板块较上一交易日下跌0.39%，江钨装备领跌。当日上证指数报收于 3828.11，下跌0.65%。深证成指报收于13209.0，下跌1.76%。煤炭开采板块个股涨跌见下表： 从资金流向上来看，当日煤炭开采板块主力资金净流出2.26亿元，游资资金净流出4790.24万元，散户资 金净流入2.74亿元。煤炭开采板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601225 | XD陕西煤 | - 9933.32万 | 9.08% | -1735.69万 | -1.59% | -8197.64万 | -7.49% | | 600403 | 大有能源 | 4398.37万 | 52.19% | -2314.37万 | -27.46% | -2084.00万 | -24.73% | | 601088 | 中国神华 | 2588.29万 | 3.10% | -2691.12 ...

Group 1 - The A-share coal sector experienced a significant upward trend on September 23, with notable gains in stock prices [1] - Anyuan Coal Industry saw an increase of over 9%, while other companies such as Jinkong Coal Industry, China Coal Energy, and Yanzhou Coal Mining also reported gains [1]

Group 1 - Company announced the convening of the fourth meeting of the ninth board of directors on August 21, 2025, to review the proposal for changing the company name, business scope, and amending the articles of association [2] - The third extraordinary general meeting of shareholders was held on September 9, 2025, where the proposal for changing the company name, business scope, and amending the articles of association was approved [2] - The company has completed the industrial and commercial change registration and the filing procedures for the amended articles of association, obtaining a new business license from the Pingshan Market Supervision Administration [2]