东方阿尔法产业先锋混合A（011704）基金经理为周谧。 截至发稿，周谧累计任职时间7年359天，现任基金资产总规模53.02亿元，任职期间最佳基金回报 112.22%， 任职期间最差基金回报14.11%。 2月24日，深圳新星涨5.17%，截至发稿，报26.06元/股，成交1.60亿元，换手率2.97%，总市值55.01亿 元。 资料显示，深圳市新星轻合金材料股份有限公司位于广东省深圳市宝安区观光路公明镇高新技术产业园 新星厂区A栋，成立日期1992年7月23日，上市日期2017年8月7日，公司主营业务涉及铝晶粒细化剂的 研发、生产和销售。主营业务收入构成为：铝箔坯料53.96%，铝晶粒细化剂33.53%，其他产品7.92%， 六氟磷酸锂4.19%，其他(补充)0.40%。 从深圳新星十大流通股东角度 数据显示，东方阿尔法基金旗下1只基金位居深圳新星十大流通股东。东方阿尔法产业先锋混合A （011704）三季度新进十大流通股东，持有股数165.14万股，占流通股的比例为0.78%。根据测算，今 日浮盈赚取约211.38万元。 东方阿尔法产业先锋混合A（011704）成立日期2021年7月21日，最新规模7. ...

证券代码：603978 证券简称：深圳新星 公告编号：2026-005 深圳市新星轻合金材料股份有限公司 关于对外担保进展的公告 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： 担保对象及基本情况 | | 被担保人名称 | | 新星轻合金材料（洛阳）有限公司（以下 | | --- | --- | --- | --- | | 担保对象 | | 简称"洛阳新星"） | | | | 本次担保金额 | 万元 3,000.00 | | | （一） | 实际为其提供的担保余额 | 85,483.03 | 万元 | | | 是否在前期预计额度内 | □√是 □否 | □不适用 | | | 本次担保是否有反担保 | □是 □√否 | □不适用 | | 担保对象 | 被担保人名称 | 下简称"公司"） | 深圳市新星轻合金材料股份有限公司（以 | | | 本次担保金额 | 28,300.00 | 万元 | | （二） | 实际为其提供的担保余额 | 万元 7,900.00 | | | | 是否在前期预计额度内 | □√ 是 □否 ...

Core Viewpoint - The lithium hexafluorophosphate sector experienced a significant surge, with multiple companies reaching their daily price limits, indicating strong market interest and potential investment opportunities [1] Group 1: Market Performance - The lithium hexafluorophosphate sector saw a notable increase, with companies such as Yongtai Technology and Tianji Co., Ltd. hitting the daily limit up [1] - Other companies like Molybdenum and Tianqi Materials also showed substantial gains, reflecting a positive trend in the sector [1] Group 2: Key Companies - Yongtai Technology and Tianji Co., Ltd. were highlighted for their impressive stock performance, reaching the maximum allowable increase in a single trading day [1] - Other notable performers included Molybdenum, Tianqi Materials, Hongyuan Pharmaceutical, and Shenzhen New Star, which also recorded significant price increases [1]

Key Insights on Infrastructure Investment Opportunities - A seasonal infrastructure construction boom occurs from the end of the Spring Festival to the conclusion of the National People's Congress, lasting approximately 1-1.5 months, presenting significant investment opportunities[2] - The report identifies 10 strong sub-sectors with high odds and win rates, including engineering consulting services, environmental equipment, environmental governance, general equipment, specialized engineering, non-metallic materials, new metallic materials, specialized equipment, decoration, and plastics, with average returns of 12-15% and excess returns of 4-8% over the past decade[2][10] Selected Stocks from Strong Sub-sectors - The report highlights a portfolio of 18 stocks selected from the 10 strong sub-sectors based on a scoring model, which includes: - Engineering consulting: Qidi Design (average excess return 22.7%, win rate 100%) and Jian Ke Yuan (average excess return 16.4%, win rate 100%)[3][19] - Environmental equipment: Xianhe Environmental (average excess return 11.7%, win rate 90%) and Senyuan Co. (average excess return 12.2%, win rate 80%)[3][20] - Environmental governance: Shanghai Washba (average excess return 36.0%, win rate 100%) and Dechuang Environmental (average excess return 19.1%, win rate 89%)[3][23] - General equipment: Jialitu (average excess return 35.3%, win rate 100%) and Jinyang Sun (average excess return 28.8%, win rate 100%)[3][26] Performance and Risk Considerations - The selected 10 strong sub-sectors have consistently shown high absolute and excess return probabilities, with a stable performance track record over the past decade[10][13] - Risks include limitations of comparative studies, market learning effects leading to volatility, unexpected market downturns, and individual stock risks impacting the overall portfolio[4]

Group 1 - The core viewpoint of the article indicates that Shenzhen Xinxing (603978.SH) expects a net loss attributable to shareholders of the parent company for the year 2025 to be between -69 million and -46 million yuan, which represents a reduction in losses of 222 million to 245 million yuan compared to the same period in 2024 [2] Group 2 - The company explains that the newly launched cold-rolled production line for battery aluminum foil is still in the debugging and capacity ramp-up phase, which has not yet stabilized, leading to low gross profit levels for this business [2] - Additionally, the company's lithium hexafluorophosphate products face dual pressures of weak market demand and intensified competition in the first three quarters of 2025, resulting in persistently low product prices [2] - Although prices for lithium hexafluorophosphate began to rise in October 2025, the impact of earlier low-price orders has compressed the profit margins, preventing a full release of profits in the fourth quarter of 2025 [2]

Core Viewpoint - Shenzhen Xinxing Light Alloy Materials Co., Ltd. expects a net loss for the fiscal year 2025, although the loss is projected to decrease compared to the previous year [2][5]. Group 1: Performance Forecast - The company anticipates a net profit attributable to shareholders of the parent company in the range of -69 million to -46 million yuan for 2025, representing a reduction in loss of 222.17 million to 245.17 million yuan compared to the previous year [2][5]. - The expected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is projected to be between -73.5 million and -50.5 million yuan [3][5]. Group 2: Previous Year Performance - In the previous year, the total profit was -280.51 million yuan, with a net profit attributable to shareholders of the parent company at -291.17 million yuan, and a net profit after deducting non-recurring gains and losses at -303.87 million yuan [7]. Group 3: Reasons for Performance Decline - The primary reasons for the anticipated loss include the new battery aluminum foil cold-rolled production line being in the debugging and capacity ramp-up phase, leading to low gross margins until stabilization in Q4 2025 [7]. - The lithium hexafluorophosphate product faced weak market demand and intensified competition, resulting in sustained low prices. Although prices began to rise in October, previous low-price orders affected profitability in Q4 [7].

Group 1 - The company Shenzhen New Star announced an expected net profit attributable to the parent company for the year 2025 to be between -69 million to -46 million yuan, indicating a reduction in losses compared to the previous year by 222.173 million to 245.173 million yuan [1] - The net profit attributable to the parent company, excluding non-recurring gains and losses, is projected to be between -73.5 million to -50.5 million yuan for the year 2025 [1]

Core Viewpoint - Shenzhen New Star (603978.SH) expects a reduction in losses for the fiscal year 2025, projecting a net profit attributable to shareholders of the parent company between -69 million and -46 million yuan, which represents a decrease in losses of 222.173 million to 245.173 million yuan compared to the previous year [1] Financial Projections - The company anticipates a net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, to be between -73.5 million and -50.5 million yuan for the fiscal year 2025 [1]

Core Viewpoint - Shenzhen New Star has announced a projected net loss for the fiscal year 2025, estimating a loss between 69 million to 46 million yuan due to operational challenges and market pressures in its key product lines [1] Group 1: Financial Performance - The company expects a net profit attributable to shareholders of the parent company to be between -69 million yuan and -46 million yuan for the year 2025 [1] - The low profitability is attributed to the new battery aluminum foil cold-rolled production line, which is still in the debugging and capacity ramp-up phase, leading to low material yield until stabilization in Q4 2025 [1] Group 2: Market Conditions - The lithium hexafluorophosphate product faced weak market demand and intensified competition in the first three quarters, resulting in sustained low product prices [1] - Although prices for lithium hexafluorophosphate began to rise in October, the impact of previously low-priced orders limited profit realization in Q4, compressing the product's profit margins [1]

证券代码：603978 证券简称：深圳新星 公告编号：2026-004 深圳市新星轻合金材料股份有限公司 2025 年年度业绩预亏公告 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： 业绩预告的具体适用情形：净利润为负值 深圳市新星轻合金材料股份有限公司（以下简称"公司"）预计 2025 年度 实现归属于母公司所有者的净利润为-6,900.00 万元到-4,600.00 万元，与上年同 期相比，亏损减少 22,217.30 万元到 24,517.30 万元。 2025 年度归属于母公司所有者的扣除非经常性损益后的净利润-7,350.00 万元到-5,050.00 万元。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 预计 2025 年度实现归属于母公司所有者的扣除非经常性损益后的净利润 -7,350.00 万元到-5,050.00 万元。 （三）本期业绩预告为公司财务部门根据报告期经营情况所做的初步预测， 尚未经会计师事务所审计。 二、上年同期经营 ...