证券代码：603257 证券简称：中国瑞林 公告编号：2025-031 中国瑞林工程技术股份有限公司 关于与专业机构签订共同投资合作意向书的公告 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： 中国瑞林工程技术股份有限公司（以下简称"公司"）拟作为有限合伙人， 参与设立江钨矿业基金（具体名称需经合伙人商定且以工商行政管理部门登记为 准）。公司承担的投资风险最大金额不超过公司拟出资额，即人民币3,000万元 （具体金额需以最终签署的合伙协议为准）。敬请广大投资者注意投资风险。 江钨矿业基金处于筹备设立阶段，部分合伙人暂未履行投资决策程序，合伙 协议尚未签订，合伙人出资架构尚存在不确定性。签订合伙协议后尚需履行登记 注册、备案等手续，具体设立和开始投资运作的时间存在不确定性。 公司于2025年10月15日在江西南昌与江西省国有资本运营控股集团有限公 司、江西江钨私募基金管理有限公司、农银金融资产投资有限公司、交银金融资 产投资有限公司、江西钨业控股集团有限公司共同签署了《合作意向书》。公司 拟作为有限合伙人，参与设 ...

Group 1 - The core point of the article is that China Ruilin (603257) plans to participate as a limited partner in the establishment of a tungsten mining fund with a total scale of 2 billion RMB [1] - The fund will focus on investment in rare metal projects such as tungsten, rare earths, tantalum, niobium, molybdenum, and tin [1] - The investment contributions include 30%-50% from Agricultural Bank Investment, 20% from Bank of Communications Investment, 50 million RMB from State Control Group, and 30 million RMB from China Ruilin [1]

Core Viewpoint - China Ruilin (603257) has announced its intention to participate as a limited partner in the establishment of the Jiangxi Tungsten Mining Fund, which focuses on rare metal projects [1] Group 1: Company Actions - The company signed a cooperation intention letter with several partners, including Jiangxi State-owned Capital Operation Holding Group Co., Ltd. and Jiangxi Tungsten Industry Holding Group Co., Ltd. [1] - The company plans to invest 30 million yuan of its own funds into the Jiangxi Tungsten Mining Fund [1] Group 2: Fund Details - The total scale of the Jiangxi Tungsten Mining Fund is tentatively set at 2 billion yuan [1] - The investment focus of the fund includes tungsten, rare earths, tantalum, niobium, molybdenum, and tin [1]

Core Viewpoint - The company plans to participate as a limited partner in the establishment of the Jiangtong Mining Fund, with a maximum investment risk amounting to RMB 30 million [1] Group 1: Investment Details - The Jiangtong Mining Fund is currently in the preparatory stage, and some partners have not yet completed their investment decision-making processes [1] - The investment amount by the company is subject to the final signed partnership agreement [1] - The fund aims to engage in mining asset investments, which are characterized by long investment cycles and low liquidity [1] Group 2: Risks and Uncertainties - There is a risk of not finding suitable investment targets for the fund [1] - The partnership involves a related party transaction, as one of the signatories, Jiangxi State-owned Capital Operation Holding Group Co., Ltd., is the parent company of Jiangxi Copper Group, a shareholder of the company [1]

Core Viewpoint - China Ruilin (603257.SH) plans to invest as a limited partner in the Jiangxi Tungsten Mining Fund, with a total scale of 2 billion yuan, contributing 30 million yuan [1] Group 1: Investment Details - The fund will primarily invest in mining assets, including rare metals such as tungsten, rare earths, tantalum, niobium, molybdenum, and tin [1] - The establishment of the fund and the commencement of investment operations are subject to uncertainty [1] Group 2: Related Transactions - One of the partners, Jiangxi State-owned Capital Operation Holding Group Co., Ltd., is the parent company of China Ruilin, making this cooperation a related party transaction [1] - The letter of intent currently only clarifies the intention to cooperate and does not constitute a substantive related party transaction [1] Group 3: Risks - The investment cycle is long, and liquidity is low, which presents certain risks [1]

Market Overview - On October 14, U.S. stock indices experienced a pullback, with the Nasdaq Composite Index dropping nearly 2% [1] - Major tech stocks such as Intel fell by 5.5%, while Nvidia and Broadcom dropped over 3% [3] - The cryptocurrency market saw a collective decline, with Bitcoin down 2.25% and Ethereum falling below $4000, resulting in over 20,600 liquidations totaling nearly $670 million in the past 24 hours [4][5] Precious Metals and Commodities - On October 14, spot gold and silver prices experienced a sudden drop, with silver down 1.36% while gold showed a slight rebound [8] - Year-to-date, spot silver has increased by 83%, and gold has risen by 57% [10] - The price of gold jewelry surged to 1200 RMB per gram, an increase of approximately 400 RMB per gram since the beginning of the year [10] Stock Performance in Precious Metals - Several gold and silver stocks in the A-share market have doubled in value this year, with notable performers including: - China Ruilin (603257) with a year-to-date increase of 269.73% - Zhaojin Mining (000506) with an impressive 815.17% increase [11] Economic Outlook - The International Monetary Fund (IMF) has downgraded global growth forecasts, predicting a slowdown from 3.3% in 2024 to 3.2% in 2025 and 3.1% in 2026, significantly below the pre-pandemic average of 3.7% [13][14] - IMF President Kristalina Georgieva highlighted rising uncertainties due to geopolitical tensions, technological changes, and environmental issues, which could impact global economic stability [15]

Core Insights - Gold and silver are projected to be the best investment options for 2025, with silver prices increasing by 83% and gold by 57% year-to-date [1] - The surge in gold and silver prices has led to significant stock price increases for related companies, with 14 stocks doubling in value this year, particularly China Ruilin, Zhaojin Mining, and Xinye Silver, which have all seen gains exceeding 200% [1][8] Group 1: Silver Market Dynamics - Silver has emerged as the leader in the precious metals market, with prices reaching a multi-decade high, driven by a historic short squeeze in the London market, resulting in a year-to-date increase of over 70% [3] - Concerns over liquidity in the London silver market have led to a significant drop in physical silver inventory, which has decreased by one-third since 2021, creating a tight market environment [3][4] - Analysts predict that the bullish trend for silver may continue until 2026, with potential prices reaching $100 per ounce by the end of that year [5] Group 2: Gold Market Trends - Gold prices have also been on the rise, with spot prices nearing $4,180 per ounce, supported by geopolitical uncertainties and expectations of loose monetary policy [7] - Major investment banks have raised their gold price forecasts, with Bank of America projecting a target of $5,000 per ounce by 2026 [7] - The demand for gold is further bolstered by central bank purchases, with China's official gold reserves increasing for 11 consecutive months [8] Group 3: Investment Opportunities - The precious metals sector is experiencing a robust upward trend, with the fourth quarter expected to maintain this momentum due to the onset of a Federal Reserve rate cut cycle and liquidity expansion [9] - The significant price increases in gold and silver have attracted investor interest, particularly in companies within the sector that have shown substantial stock price appreciation [1][8]

Core Points - China Ruilin (603257) experienced a decline of 1.84% today, with a turnover rate of 42.75% and a trading volume of 817 million yuan, indicating significant market activity [1] - The stock was listed on the trading board due to its high turnover rate, with a total net sell of 81.04 million yuan from brokerage seats [1][2] - Over the past six months, the stock has appeared on the trading board 26 times, with an average price drop of 0.25% the following day and an average decline of 2.50% over the next five days [2] Trading Data - The top five brokerage seats accounted for a total trading volume of 172 million yuan, with buying transactions amounting to 45.35 million yuan and selling transactions totaling 126 million yuan, resulting in a net sell of 81.04 million yuan [1][2] - The largest buying and selling brokerage was Guotai Junan Securities Headquarters, with buying amounting to 12.26 million yuan and selling amounting to 44.60 million yuan [2] Financial Performance - For the first half of the year, China Ruilin reported a revenue of 921 million yuan, representing a year-on-year growth of 2.59%, and a net profit of 74.75 million yuan, reflecting a year-on-year increase of 26.77% [2]

Core Insights - China Ruilin's stock price increased by 10.01% on October 13, with a trading volume of 451 million yuan [1] - The company reported a financing buy-in of 34.0685 million yuan and a net financing outflow of 609.24 thousand yuan on the same day [1] - As of October 13, the total financing and securities lending balance for China Ruilin was 143 million yuan, accounting for 7.64% of its market capitalization [1] Company Overview - China Ruilin Engineering Technology Co., Ltd. is located in Nanchang, Jiangxi Province, and was established on July 14, 1986, with its listing date set for April 8, 2025 [1] - The company's main business involves providing engineering technology services, including engineering design consulting, general contracting, and equipment integration for the non-ferrous metal mining, selection, smelting, and processing industries [1] - The revenue composition of the company is as follows: Equipment Integration 55.33%, Engineering Design and Consulting 36.04%, General Contracting 8.16%, Other (Supplementary) 0.42%, and Other 0.05% [1] Financial Performance - As of June 30, the number of shareholders for China Ruilin was 22,600, a decrease of 50.47% from the previous period [2] - The average number of circulating shares per shareholder increased by 101.89% to 1,081 shares [2] - For the first half of 2025, the company achieved a revenue of 921 million yuan, representing a year-on-year growth of 2.59%, and a net profit attributable to shareholders of 74.7461 million yuan, up 26.77% year-on-year [2] Dividend Information - China Ruilin has distributed a total of 60 million yuan in dividends since its A-share listing [3]

Market Overview - The engineering consulting services sector experienced a decline of 0.22% on October 13, with Huatuo Shanding leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Top Performers - China Ruilin (603257) saw a significant increase of 10.01%, closing at 75.41 with a trading volume of 62,000 shares and a transaction value of 451 million yuan [1] - Hualan Group (301027) rose by 8.48%, closing at 19.31 with a trading volume of 187,500 shares and a transaction value of 350 million yuan [1] - Shenzhen Urban Transport (301091) increased by 3.44%, closing at 35.80 with a trading volume of 181,700 shares and a transaction value of 629 million yuan [1] Underperformers - Lituchuanxie (300492) decreased by 3.00%, closing at 69.25 with a trading volume of 18,100 shares and a transaction value of 126 million yuan [2] - Baojian Design (920427) fell by 2.30%, closing at 14.86 with a trading volume of 17,100 shares and a transaction value of 25.24 million yuan [2] - XD Zhongjie Design (603017) dropped by 2.12%, closing at 10.17 with a trading volume of 106,400 shares and a transaction value of 108 million yuan [2] Capital Flow - The engineering consulting services sector saw a net inflow of 29.22 million yuan from institutional investors, while retail investors experienced a net outflow of 144 million yuan [2][3] - Major stocks like China Ruilin and Huatuo Shanding had varying net inflows and outflows, indicating mixed investor sentiment [3] Detailed Stock Performance - China Ruilin had a net inflow of 54.09 million yuan from institutional investors, while retail investors had a net outflow of 30.18 million yuan [3] - Hualan Group experienced a net inflow of 11.51 million yuan from institutional investors, with a net outflow of 15.62 million yuan from retail investors [3] - The overall trend indicates a preference for institutional investment in certain stocks while retail investors are pulling back [3]