Core Viewpoint - The energy metals sector experienced a slight increase of 0.44% on January 20, with significant contributions from companies like BQX New Materials, while the overall market indices showed minor declines [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4113.65, down 0.01%, and the Shenzhen Component Index closed at 14155.63, down 0.97% [1]. - BQX New Materials led the energy metals sector with a closing price of 73.99, reflecting a rise of 6.77% [1]. - Other notable performers included Zangge Mining, which rose by 1.61% to 91.45, and Tianqi Lithium, which increased by 1.50% to 59.49 [1]. Group 2: Trading Volume and Value - BQX New Materials had a trading volume of 283,400 shares, resulting in a transaction value of 2.103 billion yuan [1]. - Tianqi Lithium recorded a trading volume of 485,000 shares with a transaction value of 2.862 billion yuan [1]. - The total trading volume and values for other companies in the sector varied, with Shengton Mining and Ganfeng Lithium also showing significant transaction values of 2.556 billion yuan and 3.803 billion yuan, respectively [1]. Group 3: Capital Flow - The energy metals sector saw a net outflow of 521 million yuan from institutional investors, while retail investors contributed a net inflow of 193 million yuan [2]. - The sector's capital flow indicated that speculative funds had a net inflow of 328 million yuan [2]. - Specific companies like Shengxin Lithium and Tianqi Lithium experienced varied capital flows, with Shengxin Lithium seeing a net inflow of 14 million yuan from institutional investors [3].

Group 1 - The core point of the article highlights that Jiangsu Boqian New Materials Co., Ltd. achieved a record trading volume of 1.484 billion RMB, marking a new high since its listing [1] - The latest stock price increased by 3.92%, with a turnover rate of 7.58% [1] - The previous trading day's total transaction volume for the stock was 577 million RMB [1] Group 2 - Jiangsu Boqian New Materials Co., Ltd. was established on November 5, 2010, with a registered capital of 261.6 million RMB [1]

Company and Industry Summary Company: 博迁新材 (Bojian New Materials) Key Points - **Industry Context**: The demand for AI servers is driving an increase in power consumption, necessitating the use of nickel powder as a key material for internal electrodes in MLCCs (Multilayer Ceramic Capacitors) to ensure stability [1][2] - **Product Development**: The evolution of AI servers requires MLCCs to upgrade towards miniaturization, high capacitance, and high-temperature resistance, which in turn drives the development of nickel powder towards smaller particle sizes, higher purity, and better thermal resistance [1][2] - **Technical Advantages**: The company produces nickel powder using a self-developed PVD (Physical Vapor Deposition) method, which offers high yield, uniform microstructure, high tap density, and even distribution of alloy elements. The production equipment is designed and assembled in-house, showcasing significant technical barriers [2] - **Market Position**: The company has achieved mass production of nickel powder with a particle size of 80nm, maintaining a global supply dominance. This capability is supported by extensive know-how accumulated in various production stages, particularly in high-temperature metal evaporation [2] - **Long-term Contracts**: To secure future stable supply, downstream customers are proactively signing long-term agreements with the company. Recently, a significant contract was signed with customer X, committing to supply between 5,420 to 6,495 tons of nickel powder from August 2025 to December 2029, with annual supply volumes nearly matching the company's expected shipments for 2024 [2] - **Copper Powder Business**: With silver prices reaching new highs, the photovoltaic industry is expected to shift from silver paste to copper paste, which could lead to significant growth in the company's copper powder business starting in 2026, provided subsequent validations are successful [2] - **Revenue Forecast**: The company is projected to achieve revenues of 1.195 billion, 2.210 billion, and 3.181 billion yuan for the years 2025, 2026, and 2027 respectively, with net profits of 245 million, 612 million, and 911 million yuan. Corresponding P/E ratios are expected to be 63, 25, and 17 times [2] Risk Factors - **Risks**: Potential risks include underperformance in technology development, increased market competition, and lower-than-expected downstream demand [3]

（文章来源：证券日报） 证券日报网讯 1月15日，博迁新材发布公告称，公司再次通过江苏省认定机构2025年第二批高新技术企 业备案，获全国高新技术企业认定管理工作领导小组办公室核发资格，预计2025年至2027年连续三年可 按15%税率缴纳企业所得税。 ...

格隆汇1月15日丨博迁新材(605376.SH)公布，江苏博迁新材料股份有限公司通过高新技术企业认定。证 书编号为GR202532015972，发证日期为2025年12月19日。 本次公司高新技术企业的认定系原高新技术企业证书有效期满后进行的重新认定。根据《中华人民共和 国企业所得税法》及国家对高新技术企业的税收优惠政策等相关规定，公司自本次通过高新技术企业认 定后连续三个会计年度（2025年度至2027年度）可继续享受国家关于高新技术企业的相关税收优惠政 策，即按15%税率缴纳企业所得税。 ...

证券代码： 605376 证券简称：博迁新材 公告编号：2026-002 江苏博迁新材料股份有限公司 关于通过高新技术企业认定的公告 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。 根据全国高新技术企业认定管理工作领导小组办公室于近日发布的《对江苏 省认定机构2025年认定报备的第二批高新技术企业进行备案的公告》（刊载于"高 新技术企业认定管理工作网"，网址：http://www.innocom.gov.cn/），江苏博迁 新材料股份有限公司（以下简称"公司"）通过高新技术企业认定。证书编号为 GR202532015972，发证日期为2025年12月19日。 本次公司高新技术企业的认定系原高新技术企业证书有效期满后进行的重 新认定。根据《中华人民共和国企业所得税法》及国家对高新技术企业的税收优 惠政策等相关规定，公司自本次通过高新技术企业认定后连续三个会计年度 （2025年度至2027年度）可继续享受国家关于高新技术企业的相关税收优惠政策， 即按15%税率缴纳企业所得税。 特此公告。 江苏博迁新材料股份有限公司 董事会 202 ...

本次公司高新技术企业的认定系原高新技术企业证书有效期满后进行的重新认定。根据《中华人民共和 国企业所得税法》及国家对高新技术企业的税收优惠政策等相关规定，公司自本次通过高新技术企业认 定后连续三个会计年度（2025年度至2027年度）可继续享受国家关于高新技术企业的相关税收优惠政 策，即按15%税率缴纳企业所得税。 格隆汇1月15日丨博迁新材(605376.SH)公布，江苏博迁新材料股份有限公司通过高新技术企业认定。证 书编号为GR202532015972，发证日期为2025年12月19日。 ...

Group 1 - Ganfeng Lithium is a global leader in the lithium industry, with a comprehensive resource layout covering spodumene, salt lakes, and clay, and its lithium carbonate production capacity is among the top in the industry [1] - Tianqi Lithium controls the world's largest spodumene mine, Greenbushes, with a self-sufficiency rate of 100%, and its full industry chain layout enhances profitability amid rising lithium carbonate prices [2] - Salt Lake Industry holds the largest lithium resource in China at the Qarhan Salt Lake, with a low extraction cost of 30,000 to 40,000 yuan per ton, and plans to reach a production capacity of 40,000 tons of lithium carbonate by 2025 [3] Group 2 - Zangge Mining has a significant advantage in the Tibetan salt lake resource layout, with a planned capacity of 50,000 tons per year and a self-sufficiency rate exceeding 80% [4] - Shengxin Lithium Energy owns Asia's largest hard rock lithium mine and has a long-term supply agreement with CATL, ensuring stable sales amid rising lithium prices [5] - Rongjie Co. focuses on lithium resource development and processing, optimizing its mining technology to enhance resource utilization and reduce costs [6] Group 3 - Tibet Mining has exclusive mining rights to the Zabuye Salt Lake, one of Asia's largest lithium salt lakes, which provides a cost advantage as lithium carbonate prices rise [7][8] - Yahua Group ranks second in lithium extraction from lepidolite in A-shares, with an annual capacity of 45,000 tons, and has established long-term partnerships with several battery manufacturers [9] - Zhongmin Resources has a strong presence in both spodumene and salt lake lithium extraction, actively expanding overseas projects to enhance market competitiveness [10] Group 4 - Jiangte Motor, located in Yichun, known as "Asia's Lithium Capital," has a lepidolite extraction capacity of 30,000 tons per year and holds proprietary low-cost extraction technology [11] - Xizang City Investment has lithium carbonate reserves of 3.9 million tons from two salt lakes, utilizing a low-cost extraction method that positions it well for profit during price increases [12] - Yongxing Materials focuses on lithium salt production and has a diversified supply chain that allows it to respond quickly to market changes [13] Group 5 - Huayou Cobalt is a global leader in cobalt products and has developed an integrated supply chain for nickel, cobalt, and lithium resources, ensuring stable supply for battery materials [14] - Hanrui Cobalt has a synergistic business model for cobalt and lithium, ensuring raw material self-sufficiency and benefiting from the growth of the lithium battery industry [15] - Tengen Cobalt focuses on the research, production, and sales of cobalt and lithium products, maintaining stable sales through partnerships with leading battery manufacturers [16] Group 6 - Luoyang Molybdenum is the second-largest cobalt producer globally and is actively expanding its lithium resource layout, benefiting from the growth in lithium battery demand [17] - Greeenmei is a leader in battery recycling, achieving over 95% recovery rates and integrating lithium resource recovery into its business model [18] - Northern Rare Earth is the largest supplier of light rare earths and is diversifying into lithium and other energy metals, leveraging its resource advantages [19] Group 7 - Jinli Permanent Magnet has advanced technology that reduces the use of heavy rare earths and is expanding into lithium-related energy metal businesses [20] - Wanhua Chemical is actively involved in the lithium battery materials sector, providing chemical support for lithium carbonate production and benefiting from the growing demand in the lithium battery industry [21] - China Aluminum is leveraging its mining experience to develop lithium resources, ensuring quality and reducing operational costs amid rising lithium prices [22] Group 8 - Jiangxi Copper is expanding into lithium and cobalt, utilizing its mining expertise to enhance its energy metal business [23] - Huayu Mining is focusing on lithium resource development in Tibet, leveraging its regional advantages to enhance its lithium salt processing projects [24] - Shengda Resources is actively acquiring lithium resources and enhancing its energy metal business through strategic partnerships [25] Group 9 - Boqian New Materials, while primarily focused on nano-level metal powder materials, is involved in the lithium battery sector and is expected to see significant profit growth by 2026 [26] - Yongshan Lithium focuses on lithium salt product development and has optimized its production processes to enhance product quality and efficiency [27] - Dazhong Mining is transitioning into the lithium sector, utilizing its mining expertise to explore and develop lithium resources [28] Group 10 - Jinyuan Co. is transforming into the lithium battery sector, focusing on lithium resource development and processing through strategic acquisitions [29] - Weiling Co. is extending its business into the lithium battery supply chain, providing equipment and technical support for lithium mining and processing [30] - Tianhua Super Clean is deeply engaged in lithium battery materials, with a strong production capacity and established relationships with leading battery manufacturers [31]

从基金十大重仓股角度 1月13日，博迁新材跌1.12%，截至发稿，报62.55元/股，成交2.95亿元，换手率1.79%，总市值163.63亿 元。博迁新材股价已经连续4天下跌，区间累计跌幅7.33%。 资料显示，江苏博迁新材料股份有限公司位于江苏省宿迁市高新技术开发区江山大道23号，成立日期 2010年11月5日，上市日期2020年12月8日，公司主营业务涉及电子专用高端金属粉体材料的研发、生产 和销售。主营业务收入构成为：镍基产品76.28%，铜基产品10.27%，其他(补充)6.34%，银粉4.95%，合 金2.16%。 鹏华新能源精选混合A（011956）基金经理为张宏钧。 截至发稿，张宏钧累计任职时间4年63天，现任基金资产总规模52.43亿元，任职期间最佳基金回报 28.96%， 任职期间最差基金回报11.89%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，鹏华基金旗下1只基金重仓博迁新材。鹏华新能源精选混合A（011956 ...

Core Viewpoint - The energy metals sector experienced a slight increase of 0.17% on January 9, with Shengtun Mining leading the gains. The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1]. Group 1: Market Performance - The energy metals sector saw individual stock performances with notable gains, including Shengdian Mining at 16.70, up 1.83%, and Sairui Mining at 48.37, up 1.81% [1]. - The trading volume for Shengdian Mining reached 1.58 million shares, with a transaction value of 2.636 billion [1]. - The overall market showed a mixed trend with major indices reflecting positive movements, indicating investor confidence in the sector [1]. Group 2: Capital Flow - The energy metals sector experienced a net outflow of 700 million from institutional investors, while retail investors contributed a net inflow of 554 million [2]. - The capital flow data indicates that retail investors were more active in the market, with a significant net inflow compared to institutional outflows [2]. - Specific stocks like Rongjie Co. saw a net inflow of 11.19 million from institutional investors, while others like Cangge Mining faced significant outflows [3]. Group 3: Individual Stock Analysis - Rongjie Co. had a net inflow of 11.19 million from institutional investors, while it faced a net outflow of 34.07 million from retail investors [3]. - Sairui Mining also showed a net inflow of 10.00 million from institutional investors, but a net outflow of 20.46 million from retail investors [3]. - Cangge Mining experienced the highest net outflow of 97.16 million from institutional investors, indicating potential concerns among larger investors [3].