Group 1 - The industrial metal sector increased by 3.55% on September 25, with Jingyi Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] - Key stocks in the industrial metal sector showed significant price increases, with Jingyi Co., Ltd. rising by 10.02% to a closing price of 13.50 [1] Group 2 - The industrial metal sector saw a net inflow of 713 million yuan from main funds, while retail investors experienced a net outflow of 184 million yuan [2] - Major stocks like Luoyang Aluminum and Northern Copper experienced varying levels of net inflow and outflow from different investor categories [3] - The data indicates a mixed sentiment among retail and institutional investors within the industrial metal sector [3]

Group 1 - The company is actively laying out high-speed connection copper cables and developing new types of high-conductivity, low-resistance copper wires to meet the transmission needs of the next generation of connection cables [1] - Specific product and application details will be available in the company's regular reports [1]

Core Viewpoint - The rapid growth of the new energy vehicle industry is driving significant demand for enameled flat wire, a key raw material for electric motors and transformers, with the market expected to reach 27.998 billion yuan in 2024, a 42% increase year-on-year, accounting for 22.24% of the overall enameled wire market [1][11]. Summary by Sections Overview - Enameled wire is a major type of winding wire composed of a conductor and an insulating layer, with enameled flat wire characterized by a rectangular or flat cross-section, offering a 15%-30% higher space filling rate, better heat dissipation, and lower copper loss compared to traditional round wire [2][11]. Market Policies - The enameled flat wire industry falls under the "C38 Electrical Machinery and Equipment Manufacturing" category, with various government policies supporting energy conservation and carbon reduction, creating a favorable environment for industry development [6][7]. Industry Chain - The upstream of the enameled flat wire industry includes suppliers of copper and aluminum materials, while the midstream consists of enameled flat wire manufacturers, and the downstream includes applications in motors, transformers, and other electromagnetic devices [9][11]. Current Development - The demand for enameled flat wire is increasing due to the growth of the new energy vehicle sector and ongoing industrial motor upgrades, with the market size projected to reach 27.998 billion yuan in 2024, reflecting a 42% year-on-year growth [1][11]. Competitive Landscape - The enameled flat wire industry in China is highly concentrated, with leading companies such as Ningbo Jintian Copper Group and Tongling Jingda Special Electromagnetic Wire Co., Ltd. dominating the market due to their technological and brand advantages [13][15]. - In 2024, Jintian Copper Group reported a revenue of 124.2 billion yuan, while Jingda's revenue reached 22.32 billion yuan, with enameled wire business contributing significantly to their overall income [15][17]. Future Development Trends - Future advancements in enameled flat wire will focus on improving electrical and insulation performance through the use of advanced materials and technologies, as well as increasing the application of environmentally friendly production methods [17][18].

Core Viewpoint - The stocks of Hezhuan Intelligent and Changfu Co., Ltd. have seen significant increases, with Hezhuan Intelligent hitting the daily limit and Changfu Co., Ltd. rising over 8% [1] Company Performance - Hezhuan Intelligent experienced a direct limit increase in its stock price [1] - Changfu Co., Ltd. saw its stock price increase by more than 8% [1] - Other companies such as Baili Electric, Jintian Co., Ltd., Rongfa Nuclear Power, and Xuguang Electronics also experienced stock price increases [1]

Core Viewpoint - The A-share market is witnessing strong performance in controllable nuclear fusion concept stocks, driven by the announcement of a new high-temperature superconducting fusion device named "Circulation No. 4" to be built in Shanghai by the national team in nuclear fusion [1] Group 1: Stock Performance - Hezhong Intelligent has reached the daily limit increase [1] - Changfu Co., Ltd. has increased by over 9% [1] - Jintian Co., Ltd. has increased by over 7% [1] - Gaolan Co., Ltd. has increased by over 6% [1] - Xuguang Electronics, Lianchuang Optoelectronics, and Hongwei Technology have all increased by over 5% [1] - Baili Electric, Western Superconducting, Tianli Composite, Aikesibo, and Antai Technology have all increased by over 4% [1]

Group 1 - The company, Ningbo Jintian Copper Industry (Group) Co., Ltd., has been approved to issue convertible bonds totaling RMB 1,450,000,000 with a maturity of 6 years [2] - The net amount raised after deducting underwriting and other issuance costs is RMB 1,445,120,283.03, which was fully received by August 3, 2023 [2] - As of June 30, 2025, the company has invested a total of RMB 790,234,360.12 in the projects funded by the raised capital, with a remaining balance of RMB 655,941,895.75 [3] Group 2 - The company has signed a tripartite regulatory agreement for the storage of raised funds, involving the company, the bank, and the sponsor, Dongfang Securities [5][6] - A new special account for the raised funds has been opened at Bank of China, Ningbo Jiangbei Branch, specifically for the "450 copper alloy strip production line renovation and upgrade project" [5] - The company has also established a four-party regulatory agreement for another project involving its subsidiary, Ningbo Jintian High-Conductivity New Materials Co., Ltd. [6][10] Group 3 - The tripartite regulatory agreement stipulates that the special account can only be used for the designated projects and requires monthly account statements to be provided to the company and the sponsor [8][9] - The agreement includes provisions for the sponsor to supervise the use of funds and mandates that any withdrawals exceeding RMB 50 million must be reported [8][11] - The four-party agreement mirrors the tripartite agreement, ensuring that funds for the "annual production of 10,000 tons of ultra-fine copper conductors" project are also properly managed [10][12]

| 证券代码：601609 | 证券简称：金田股份 | 公告编号：2025-118 | | --- | --- | --- | | 债券代码：113046 | 债券简称：金田转债 | | 宁波金田铜业（集团）股份有限公司 关于签订募集资金专户存储三方及四方监管协议的 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。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意宁波金田铜业（集团）股份有限公司 向不特定对象发行可转换公司债券注册的批复》（证监许可[2023]1375 号）同意 注册，宁波金田铜业（集团）股份有限公司（以下简称"公司"、"金田股份"） 获准向不特定对象发行面值总额 1,450,000,000.00 元可转换公司债券，每张面 值为人民币 100 元，共计 1,450 万张，期限 6 年，募集资金总额为人民币 1,450,000,000.00 元，扣除承销及保荐费用人民币 2,830,188.68 元（不含税）， 其他发行费用人民币 2,049,528.29 元（不含税）后，实际募集资金净额为人民 币 ...

Core Viewpoint - The company held its second extraordinary general meeting of shareholders in 2025 on September 17, where several key resolutions were passed, including the cancellation of the supervisory board and amendments to the company's articles of association [11]. Group 1: Meeting Details - The extraordinary general meeting was held on September 17, 2025, at the company's meeting room in Ningbo [2]. - The meeting was legally convened and conducted, with a combination of on-site and online voting methods [2][3]. Group 2: Resolutions Passed - The following resolutions were approved during the meeting: 1. Cancellation of the supervisory board and amendments to the articles of association [11]. 2. Amendments to the implementation rules for cumulative voting [5]. 3. Amendments to the independent director work system [5]. 4. Amendments to the special system for preventing fund occupation by controlling shareholders and related parties [5]. 5. Amendments to the management measures for raised funds [5]. 6. Amendments to the management measures for controlling subsidiaries [5]. 7. Amendments to the management system for external investments [5]. 8. Amendments to the management system for external guarantees [5]. 9. Amendments to the management measures for related party transactions [6]. 10. Amendments to the implementation rules for shareholder meeting online voting [6]. 11. Amendments to the selection system for accounting firms [6]. 12. Changes to certain fundraising investment projects [6]. Group 3: Legal Verification - The meeting was witnessed by Beijing Xinhe Law Firm, which confirmed that the meeting's procedures and resolutions complied with relevant laws and regulations [7]. Group 4: Board Changes - The company announced the resignation of a board member, which will not affect the minimum number of board members required by law [11]. - A new employee representative director, Ms. Cen Dan'en, was elected during the employee representative meeting held on the same day [12].

（文章来源：证券日报） 证券日报网讯 9月17日晚间，金田股份发布公告称，公司于2025年9月17日召开职工代表大会，选举岑 丹恩女士为公司第九届董事会职工代表董事。 ...

| 证券代码：601609 | 证券简称：金田股份 公告编号：2025-117 | | --- | --- | | 债券代码：113046 | 债券简称：金田转债 | 宁波金田铜业（集团）股份有限公司 关于公司董事辞职暨选举职工代表董事的公告 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。 重要内容提示： 宁波金田铜业（集团）股份有限公司（以下简称"公司"）于 2025 年 9 月 17 日召开 2025 年第二次临时股东大会，审议通过《关于取消监事会并修订<公 司章程>及相关议事规则的议案》，本次章程修订内容包括公司不再设置监事会、 董事会设职工代表董事一人等。根据有关法律法规及《宁波金田铜业（集团）股 份有限公司章程》（以下简称"《公司章程》"）等的相关规定，结合公司董事会成 员变动情况，公司于同日召开职工代表大会选举职工代表董事。现将相关情况公 告如下： 一、董事离任情况 (一) 提前离任的基本情况 | 是否存在 | 是否继续在上 | 原定任期 | 未履行完 | | | | | | | | | --- | --- | - ...