证券代码：601677 证券简称：明泰铝业 公告编号：临 2025-041 河南明泰铝业股份有限公司 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四)现场会议召开的日期、时间和地点 关于召开2025年第二次临时股东会的通知 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： 一、召开会议的基本情况 (一)股东会类型和届次 2025年第二次临时股东会 召开的日期时间：2025 年 8 月 11 日 10 点 00 分 召开地点：河南明泰铝业股份有限公司会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 8 月 11 日 至2025 年 8 月 11 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间为股东会召开当日的 9:15- ...

证券代码：601677 证券简称：明泰铝业 公告编号：临 2025-039 河南明泰铝业股份有限公司 第七届董事会第二次会议决议公告 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、董事会会议召开情况 表决结果：9 票同意，0 票弃权，0 票反对。 本议案尚需提交公司 2025 年第二次临时股东会审议批准。 （二）审议通过了《关于召开 2025 年第二次临时股东会的议案》。 具体内容详见公司《关于召开 2025 年第二次临时股东会的通知》。 表决结果：9 票同意，0 票弃权，0 票反对。 三、上网公告附件 （一）《明泰铝业关于组建企业集团并修订公司章程的公告》。 （二）《明泰铝业关于召开公司 2025 年第二次临时股东会的通知》。 特此公告。 河南明泰铝业股份有限公司(以下简称"公司")于 2025 年 7 月 14 日以电子 邮件和电话通知方式发出召开第七届董事会第二次会议的通知，并于 2025 年 7 月 24 日在公司会议室召开。会议以现场+通讯方式进行，会议应参加董事 9 名， 实参加董事 9 名，出席本次会 ...

智通财经7月24日电，明泰铝业(601677.SH)公告称，公司拟组建河南明泰铝业集团，组建企业集团后主 营业务、发展方向等均不发生变化。董事会提请股东会授权公司管理层及工作人员根据市场监督管理局 等行政管理部门的相关要求，全权办理与本次组建集团有关的事项，包括但不限于办理《公司章程》等 相关制度、证照等各类涉及变更的工作。本议案尚需提交公司2025年第二次临时股东会审议批准。 明泰铝业：拟组建河南明泰铝业集团 ...

Core Viewpoint - The metal industry experienced a significant increase, with a rise of 2.10% on July 18, driven by strong capital inflow, particularly in the rare earth sector [2][3]. Market Performance - The Shanghai Composite Index rose by 0.50% on July 18, with 22 out of 28 sectors showing gains, led by the metal and basic chemical industries, which increased by 2.10% and 1.36% respectively [2]. - The electronic and media sectors faced declines, with drops of 0.49% and 0.98% respectively [2]. Capital Flow - The total net outflow of capital from the two markets was 229.87 billion yuan, with 10 sectors experiencing net inflows [2]. - The metal industry had the highest net capital inflow of 37.94 billion yuan, while the non-bank financial sector saw a modest inflow of 8.97 billion yuan [2]. Individual Stock Performance in Metal Industry - Out of 137 stocks in the metal sector, 107 stocks rose, with 5 hitting the daily limit up [3]. - The top three stocks with the highest net capital inflow were: - Northern Rare Earth: 2.10 billion yuan [3] - Dongfang Zircon: 434 million yuan [3] - Shengxin Lithium Energy: 327 million yuan [3]. - The stocks with the highest net outflow included: - Mingtai Aluminum: 115 million yuan [3] - Haixing Shares: 87 million yuan [3] - Zhongkuang Resources: 84 million yuan [3]. Capital Inflow and Outflow Rankings - The top stocks by capital inflow included: - Northern Rare Earth: 9.87% increase, 210.89 million yuan inflow [4] - Dongfang Zircon: 10.02% increase, 43.38 million yuan inflow [4] - Shengxin Lithium Energy: 10.00% increase, 32.65 million yuan inflow [4]. - The top stocks by capital outflow included: - Mingtai Aluminum: 0.81% increase, 115.29 million yuan outflow [6] - Haixing Shares: 10.03% increase, 87.20 million yuan outflow [6] - Zhongkuang Resources: 4.15% increase, 84.52 million yuan outflow [6].

Core Views - The report maintains a positive long-term outlook on gold, copper, and aluminum, emphasizing the importance of strategic metals [1][3] - In H1 2025, domestic economic indicators show signs of bottoming out, with improvements in real estate construction and a gradual shift towards new economic drivers [4][8] - The global economic landscape is being reshaped by fluctuating interest rate expectations from the Federal Reserve and the impacts of trade wars, leading to significant changes in resource sectors [4][8] Investment Strategies - **Main Line 1: Expansion on the Denominator Side - Gold and Silver**: Focus on gold and silver, with specific attention to the performance of gold stocks and the potential for silver due to its high price ratio to gold [4][5] - **Main Line 2: Improvement on the Numerator Side - Aluminum, Copper, Tin**: Anticipate continued high profitability in aluminum due to falling costs, while remaining cautious of potential short-term demand weakness [4][7] - **Main Line 3: Key Strategic Metals**: Highlighting opportunities in rare earths and other strategic metals amid US-China tensions, particularly in six key strategic metals [4][7] - **Main Line 4: Supply-Side Disruptions from Anti-Competition**: The report suggests that supply-side constraints in sectors like lithium carbonate may present attractive bottom-fishing opportunities [4][7] Market Performance - The CRB metal spot index increased by 7.08% from the beginning of 2025 to June 30, 2025, indicating a general upward trend in metal prices [9][10] - Gold prices surged by 23.93% during the same period, driven by expectations of a Federal Reserve rate cut [12][14] - Industrial metals, particularly tin and copper, saw significant price increases of 19.91% and 15.59% respectively, while zinc prices fell by 5.55% [16][19] Supply and Demand Dynamics - Global copper inventories saw a significant reduction, with LME copper stocks decreasing by 66.17% by June 30, 2025 [21][69] - The report anticipates limited growth in global copper supply due to insufficient capital expenditure in mining, projecting only a 2.3% increase in global copper production in 2025 [62][64] - The refined copper market is expected to remain slightly short, with a projected demand growth of 7.1% for 2025, supporting a high price center for copper [69] Sector Performance - The non-ferrous metal sector outperformed the broader market, with a cumulative increase of 19.17% from January to June 2025, compared to a 5.6% rise in the Shanghai Composite Index [38][40] - Sub-sectors such as tungsten, gold, and rare earths performed particularly well, with respective increases of 39.64%, 33.57%, and 31.88% [42][44] - Companies closely tied to resource price fluctuations, particularly in gold and rare earths, showed strong performance, while midstream processing companies faced challenges due to weak downstream demand [44]

从上证基本面300指数持仓样本的行业来看，工业占比26.97%、原材料占比14.39%、金融占比10.86%、 信息技术占比8.52%、医药卫生占比8.34%、可选消费占比8.33%、主要消费占比5.08%、能源占比 5.03%、通信服务占比4.55%、房地产占比4.05%、公用事业占比3.88%。 资料显示，指数样本每年调整一次，样本调整实施时间为每年6月的第二个星期五的下一交易日。权重 因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期调整日前，权 重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样本中剔除。样 本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 从指数持仓来看，上证基本面300指数十大权重分别为：中芯国际（1.04%）、东吴证券（1.02%）、常 熟银行（0.98%）、亨通光电（0.86%）、赛轮轮胎（0.84%）、明阳智能（0.84%）、财通证券 （0.73%）、郑煤机（0.73%）、明泰铝业（0.71%）、三安光电（0.68%）。 从上证基本面300指数持仓的市场板块来看，上海证券交易所占比100.00%。 金融界 ...

证券代码：601677 证券简称：明泰铝业 河南明泰铝业股份有限公司 投资者关系活动记录表 | 投资者关系活 | □ 电话交流会  现场调研 | □ | | 分析师会议 | | --- | --- | --- | --- | --- | | 动类别 | □ 业绩说明会 □ 路演活动 | □ | 其他 | | | 地 点 | 郑州巩义 | | | | | 时 间 | 7 月 4 日 | | | | | | 董事长 刘杰先生 董事 总经理 | | | 柴明科先生 | | | 副总经理 董事会秘书 雷鹏先生 | | | | | | 副总经理 财务总监 孙军训先生 | | | | | 上市公司 | 副总经理 绿色化、智能化负责人 王利姣女士 | | | | | 接待人员 | 副总经理 高端化产品开发负责人 贺志刚先生 | | | | | | 机器人高端型材负责人 胡永帅先生 | | | | | | 证券事务代表 景奇浩先生 | | | | | | 泰康资产 浙商基金 中汇人寿 银华基金 | | 华泰柏瑞 | 平安养老 | | | 兴银基金 招商基金 中信资管 国海富兰克林 | | LMR | Partners | ...

Investment Rating - The report maintains an "Accumulate" rating for the non-ferrous metals industry [2]. Core Views - The report highlights that the "anti-involution" policy is guiding a short-term strength in energy metals, while gold is under pressure due to rising U.S. Treasury yields and a stronger dollar [1]. - The report suggests that despite short-term fluctuations, the long-term bullish trend for gold remains intact due to central bank purchases and fiscal concerns [1]. - Industrial metals are experiencing mixed trends, with copper facing supply disruptions and aluminum entering a potential inventory accumulation phase [1]. Summary by Sections Weekly Data Tracking - The non-ferrous metals sector showed mixed performance this week, with varying price movements across different metals [10]. - The report notes that the overall non-ferrous metals index increased by 1.0%, with energy metals up by 1.0% and industrial metals up by 1.5% [16]. Industrial Metals - **Copper**: Global copper inventory increased slightly to 518,000 tons, with supply disruptions from MMG and Hudbay Minerals affecting logistics [1]. The copper price has seen fluctuations due to macroeconomic factors and demand-side pressures [1]. - **Aluminum**: The report indicates a potential inventory accumulation cycle, with production recovering in some regions while demand remains subdued [1]. Energy Metals - **Lithium**: The report notes a continued strength in lithium prices, driven by supply constraints and robust demand from electric vehicle sales [1]. The price of battery-grade lithium carbonate rose to 64,000 yuan/ton, reflecting a 1.5% increase [26]. - **Metal Silicon**: The report discusses a short-term upward trend in silicon prices due to production cuts and recovery expectations in polysilicon plants [1]. Key Stocks - The report recommends several stocks for investment, including Zijin Mining, Shandong Gold, and Luoyang Molybdenum, all rated as "Buy" [5]. Company Announcements - Zijin Mining announced an asset acquisition of the RG gold mine project, with a valuation of 1.2 billion yuan [34]. - Ganfeng Lithium completed the acquisition of Mali Lithium, enhancing its lithium resource integration strategy [34]. Price and Inventory Changes - The report provides detailed price movements for various metals, indicating that gold prices increased by 4.2% over the week, while copper prices saw a slight decline [21][23]. Market Trends - The report emphasizes the ongoing supply-demand dynamics in the non-ferrous metals market, with particular attention to the impact of macroeconomic indicators on metal prices [1].

证券代码：601677 证券简称：明泰铝业 公告编号：临 2025-038 河南明泰铝业股份有限公司 单位：万吨 | 产品 | 2025 | 年半年度产量 | 年半年度销量 2025 | | --- | --- | --- | --- | | 铝板带箔 | 79.66 | | 77.79 | | 铝型材 | 0.91 | | 0.82 | 注：铝型材销量中不包含自用铝型材部分。上述数据未经审计，可能会与定 期报告数据存在差异，仅供投资者阶段性参考，相关数据以公司定期报告为准， 敬请投资者注意风险。 特此公告。 河南明泰铝业股份有限公司 2025 年半年度经营快报 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。 河南明泰铝业股份有限公司（以下简称"公司"）2025 年半年度产品产销数 据如下： 董 事 会 2025 年 7 月 4 日 ...

Core Viewpoint - Ming Tai Aluminum reported its aluminum plate, strip, and foil sales volume for the first half of 2025 to be 777,900 tons, with a production volume of 796,600 tons [1] Group 1: Production and Sales Data - The production volume of aluminum plates, strips, and foils for the first half of 2025 was 796,600 tons [1] - The sales volume of aluminum plates, strips, and foils for the first half of 2025 was 777,900 tons [1] - The production volume of aluminum profiles was 9,100 tons, with a sales volume of 8,200 tons, excluding self-used aluminum profiles [1]