诺安鼎利混合A（006005）基金经理为孔宪政、张立、周颖恺。 截至发稿，孔宪政累计任职时间5年35天，现任基金资产总规模56.08亿元，任职期间最佳基金回报 86.1%， 任职期间最差基金回报-16.74%。 12月30日，明泰铝业跌1.03%，截至发稿，报14.40元/股，成交883.29万元，换手率0.05%，总市值 179.07亿元。 资料显示，河南明泰铝业股份有限公司位于河南省巩义市回郭镇开发区，成立日期1997年4月18日，上 市日期2011年9月19日，公司主营业务涉及铝板带及铝型材相关产品的研发、生产与销售业务。主营业 务收入构成为：河南明泰分部64.61%，明泰科技分部37.46%，明晟新材料分部36.97%，泰鸿新材料分 部25.44%，义瑞新材料分部24.73%，昆山明泰分部12.86%，其他经营分部10.53%，泰鸿铝业分部 8.57%，交通新材料分部1.99%。 从基金十大重仓股角度 数据显示，诺安基金旗下1只基金重仓明泰铝业。诺安鼎利混合A（006005）三季度持有股数7.96万股， 占基金净值比例为0.12%，位居第七大重仓股。根据测算，今日浮亏损失约1.19万元。 诺安鼎利混合 ...

资料显示，河南明泰铝业股份有限公司位于河南省巩义市回郭镇开发区，成立日期1997年4月18日，上 市日期2011年9月19日，公司主营业务涉及铝板带及铝型材相关产品的研发、生产与销售业务。主营业 务收入构成为：河南明泰分部64.61%，明泰科技分部37.46%，明晟新材料分部36.97%，泰鸿新材料分 部25.44%，义瑞新材料分部24.73%，昆山明泰分部12.86%，其他经营分部10.53%，泰鸿铝业分部 8.57%，交通新材料分部1.99%。 12月29日，明泰铝业跌0.95%，成交额4.69亿元。两融数据显示，当日明泰铝业获融资买入额4764.90万 元，融资偿还5259.79万元，融资净买入-494.89万元。截至12月29日，明泰铝业融资融券余额合计8.83 亿元。 融资方面，明泰铝业当日融资买入4764.90万元。当前融资余额8.82亿元，占流通市值的4.98%，融资余 额超过近一年60%分位水平，处于较高位。 融券方面，明泰铝业12月29日融券偿还9500.00股，融券卖出100.00股，按当日收盘价计算，卖出金额 1455.00元；融券余量3.09万股，融券余额44.96万元，低于近一年10 ...

Core Viewpoint - The State Grid Gongyi Power Supply Company is enhancing its service by providing tailored power supply solutions to local enterprises, focusing on reliability, energy efficiency, and emergency support [1] Group 1: Company Initiatives - The Gongyi Power Supply Company is conducting real-time inspections of power supply equipment at Henan Mingtai Aluminum Industry Co., Ltd. to collect and analyze operational data [1] - The company is implementing a "nanny-style" service mechanism to optimize the electricity business environment and address the electricity demands of enterprises [1] Group 2: Service Enhancements - The power supply solutions are customized based on the specific needs of key equipment such as melting furnaces and extrusion machines, in line with the company's expansion plans [1] - The focus is on improving power supply reliability, optimizing energy efficiency, and ensuring emergency support for enterprises [1]

证券日报网讯 12月19日晚间，明泰铝业发布公告称，公司于2025年12月19日召开第七届董事会第七次 会议，审议通过《关于使用自有资金支付募投项目部分款项并以募集资金等额置换的议案》，同意公司 子公司河南鸿晟新材料科技有限公司（简称"鸿晟新材"）、河南义瑞新材料科技有限公司（简称"义瑞 新材"）作为募投项目实施主体，在募投项目实施期间，在支付人员薪酬、购买境外产品设备等事项中 以募集资金直接支付确有困难的，根据实际情况先行使用自有资金支付募投项目部分款项后定期以募集 资金进行等额置换。 （编辑 任世碧） ...

东吴证券股份有限公司 关于河南明泰铝业股份有限公司 使用自有资金支付募投项目部分款项 并以募集资金等额置换的核查意见 东吴证券股份有限公司（以下简称"东吴证券"、"保荐机构"）作为河南明 泰铝业股份有限公司（以下简称"明泰铝业"、"公司"）的保荐机构，根据《证 券发行上市保荐业务管理办法》《上海证券交易所股票上市规则》《上市公司募集 资金监管规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有关规定要 求，对明泰铝业使用自有资金支付募投项目部分款项并以募集资金等额置换的事 项进行了认真审慎的核查，核查具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"证监会"）出具的《关于同意河南 明泰铝业股份有限公司向特定对象发行股票注册的批复》（证监许可〔2023〕1056 号）核准，公司向特定对象发行人民币普通股（A 股）股票 1 亿股，募集资金总 额为人民币 1,280,000,000.00 元，扣除发行费用人民币 11,647,276.85 元（不 含增值税），实际募集资金净额为人民币 1,268,352,723 ...

"汽车、绿色能源用铝产业园项目"。公司于 2025 年 10 月 17 日召开了第七届 董事会第五次会议，于 2025 年 11 月 3 日召开 2025 年第三次临时股东会审议通 过《关于调整原募投项目拟投入募集资金金额、新增募投项目的议案》，将部分 募集资金用于全资子公司义瑞新材实施的"年产 72 万吨铝基新材料智能制造项 目"，本次涉及新增募投项目调整投向的募集资金金额 5.90 亿元。 截至 2025 年 11 月 30 日，公司 2023 年向特定对象发行股票募集资金扣除发 行费用后，使用情况如下： 证券代码：601677 证券简称：明泰铝业 公告编号：临 2025-061 河南明泰铝业股份有限公司 关于使用自有资金支付募投项目部分款项 并以募集资金等额置换的公告 注：拟使用募集资金-累计使用募集资金与募集资金余额的差额为产生的利息收入。 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"）于2025年12月19日召开第 七届董事会第七次会议，审议通过《关于使用自有资金支 ...

Core Viewpoint - The China Securities 1000 Value ETF (562530) opened down 1.00% at 1.286 yuan, reflecting market volatility and performance of its underlying assets [1] Group 1: ETF Performance - The China Securities 1000 Value ETF (562530) has a performance benchmark based on the China Securities Intelligent Selection 1000 Value Steady Strategy Index [1] - Since its inception on July 28, 2022, the fund has achieved a return of 29.92% [1] - The fund's return over the past month has been -2.91% [1] Group 2: Top Holdings - Key holdings in the ETF include: - Shangfeng Cement, which opened up 0.82% [1] - Mingtai Aluminum, which decreased by 0.07% [1] - Camel Group, which increased by 0.56% [1] - Oriental Tower, which rose by 0.06% [1] - CIMC Vehicles, which fell by 0.48% [1] - Yingqu Technology, which gained 1.12% [1] - Changjiang Media, which decreased by 0.11% [1] - Sifang Holdings, which increased by 1.34% [1] - Mulinsen, which fell by 0.22% [1] - Jiahua Energy, which rose by 0.24% [1]

Core Viewpoint - The article highlights the increasing trend of cash dividends among listed companies in China, with a focus on their commitment to return profits to shareholders through substantial cash distributions over the next three years. Group 1: Cash Dividend Trends - Listed companies in China have shown a significant increase in cash dividend intentions, with the total cash dividends exceeding 2.47 trillion yuan this year, surpassing the total for the entire previous year [2][4] - Major companies like BYD, Hikvision, and Zijin Mining have reported cash dividends exceeding 10 billion yuan for the first time this year, with many traditional "dividend giants" increasing their payouts [4][5] Group 2: Future Dividend Plans - Nearly 40 companies have established shareholder return plans for the next three years (2026-2028), with most committing to distribute at least 10% of their annual distributable profits in cash [7] - Specific companies have set higher targets, such as Qibin Group, which plans to distribute over 50% of its annual distributable profits in cash, and China Merchants Shekou, which aims for a minimum of 40% [7][9] Group 3: Market Performance and Institutional Interest - Companies that announced shareholder return plans have seen an average stock price increase of over 4.5%, outperforming the average increase of the CSI 300 index [10] - Notably, companies like Wangzi New Materials and Aibison have experienced stock price increases exceeding 50% since their announcements [10][12] Group 4: Institutional Research Activity - Among the 37 companies with announced return plans, 17 have received significant institutional interest, with some receiving over 350 institutional research inquiries [11][12] - Companies like Baiwei Storage and Shiji Information have also reported substantial stock price increases alongside their active engagement with institutional investors [12][13]

Investment Rating - The report maintains a "Buy" rating for several companies in the non-ferrous metals sector, including Shandong Gold, Zijin Mining, and others [3][6]. Core Views - The report highlights that the Federal Reserve's interest rate cut and balance sheet expansion are favorable for precious metals, with expectations of further rate cuts in 2026 [1][35]. - For industrial metals, the report notes that copper inventories are increasing in the U.S., while non-U.S. regions face supply tightness, which could lead to a short squeeze [2]. - The aluminum market is supported by positive macroeconomic policies and low inventory levels, leading to a strong price floor [2]. - Nickel prices are expected to remain low due to seasonal demand weakness [2]. - Lithium prices are experiencing fluctuations due to supply disruptions, while cobalt supply is set to increase with the resumption of exports from the Democratic Republic of Congo [2]. Summary by Sections Precious Metals - The Federal Reserve's recent actions are expected to boost liquidity and support precious metal prices [1][35]. - The market anticipates two rate cuts in 2026, which could influence precious metal investments positively [1][35]. Industrial Metals - **Copper**: U.S. copper inventories are rising, while low inventories in non-U.S. regions raise concerns about supply [2]. - **Aluminum**: The aluminum market is experiencing a strong price support due to positive economic data and low inventory levels [2]. - **Nickel**: Nickel prices are projected to remain low as demand enters a seasonal downturn [2]. Energy Metals - **Lithium**: Prices are fluctuating due to supply disruptions, with recent increases in lithium carbonate prices [2]. - **Cobalt**: The resumption of cobalt exports from the Democratic Republic of Congo is expected to stabilize supply and maintain high price levels [2]. Key Companies to Watch - The report suggests monitoring companies such as Shandong Gold, Zijin Mining, and others for potential investment opportunities [1][2][6].

Core Insights - The aluminum processing industry in Gongyi is a significant contributor to the global market, with 1 in 10 aluminum cans and 1 in 3 can lids produced there, highlighting its importance in the manufacturing sector [1][2] - The transformation towards high-quality development in Gongyi's aluminum processing aligns with national strategies to enhance the modern industrial system and boost the real economy [1][4] Industry Development - Gongyi's aluminum processing industry has evolved from resource-based beginnings in the 1990s to becoming the largest aluminum plate, strip, and foil processing base in China, with a production capacity of 7.19 million tons in 2024, accounting for 35.7% of the national output [2][6] - The advanced manufacturing development zone in Gongyi hosts hundreds of aluminum processing companies, including major players like Yulian Group and Mingtai Aluminum, with nearly 40% of the national hot-rolled production lines [2][3] Technological Advancements - Yulian Group has successfully transitioned to deep processing since 2010, achieving breakthroughs in ultra-thin can body and lid materials, with a global market share of approximately 10% for can body materials and 30% for lid materials domestically [3][5] - The introduction of innovative coating technologies by companies like Henan Airuihai New Materials has led to a domestic market share of around 40% for lid and pull-tab coating materials, with products exported to over 12 countries [3][5] Sustainability and Circular Economy - The aluminum industry in Gongyi is focusing on sustainability, with companies like Mingtai Aluminum leading in recycled aluminum production, achieving an annual capacity of 1 million tons and a utilization rate exceeding 40% [5][6] - The establishment of a "aluminum-electricity-recycling" circular system positions Gongyi as a leader in low-carbon transformation, turning green initiatives into competitive advantages [5][6] Future Outlook - The aluminum processing sector in Henan is set to continue its rapid development towards deep processing and recycling, aiming to enhance product value and create a sustainable industrial ecosystem [6] - The future competition in the industry will hinge on technology, branding, and the ability to coordinate across the supply chain, with Gongyi aiming to elevate "Gongyi Aluminum" as a hallmark of high-quality industrial development [6]