(行情来源：富途证券) 大商所铁矿石主力合约下午一度大跌超5%，低见856元/吨。 格隆汇7月4日丨铁矿石概念股下挫，港股市场铁货(1029.HK)跌近5%，A股市场金岭矿业(000655.SZ)跌停，海南矿业 (601969.SH)、河北宣工(000923.SZ)和宏达矿业(600532.SH)跌幅均超6%。 市场人士认为，随着钢厂利润收缩，铁矿石需求强度或将减弱。由于目前长流程钢厂利润大幅压缩，板卷厂浮现亏 损，如果下半年利润长时间得不到改善，那么钢厂对铁矿石需求强度存在减弱风险。 此外，巴西发货已经趋于正常化，未来澳洲的发货7月底也会正常。上周五铁矿石库存下降趋势已经减缓，今年国庆 期间必然会对北方钢厂实施临时限产计划，铁矿基本面或将承压。 ...

A股市场凌钢股份大涨6.52%，金岭矿业涨5.62%。 永安期货研报认为，源于近期供应压力有所缓解，而需求端刚性较为稳定，在钢厂年底面临补库的情况下，港口库存 累库动能不足，铁矿石基本面不断改善，驱动价格强势上行。 格隆汇12月10日丨铁矿石概念股继续拉升，港股市场铁货大涨7.46%； 无视交易所降温举措，大商所铁矿石期货近月合约今天历史突破1000元/吨关口，最高触及1000.5元/吨。 昨日，大商所再次出招为铁矿石期货降温，决定自12月14日交易时起，非期货公司会员或者客户在铁矿石期货I2105 合约上单日开仓量不得超过5000手。这也是过去7天内，交易所第四次出手，尽显监管层呵护品种稳健发展的态度。 ...

Market Overview - The steel raw materials sector increased by 1.49% on September 30, with Hebei Steel Resources leading the gains [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Individual Stock Performance - Hebei Steel Resources (000923) closed at 17.91, up 10.01% with a trading volume of 494,000 shares and a turnover of 865 million yuan [1] - Dazhong Mining (001203) closed at 12.69, up 3.93% with a trading volume of 252,900 shares and a turnover of 317 million yuan [1] - Baodi Mining (601121) closed at 7.00, up 3.40% with a trading volume of 285,700 shares and a turnover of 2.66 million yuan [1] - Other notable stocks include Jinling Mining (000655) up 2.54% and Guangdong Mingzhu (600382) up 0.17% [1] Capital Flow Analysis - The steel raw materials sector experienced a net outflow of 135 million yuan from main funds, while retail investors saw a net inflow of 202 million yuan [1] - Hebei Steel Resources had a main fund net inflow of 98.71 million yuan, but a net outflow from speculative funds of 82.70 million yuan [2] - Dazhong Mining saw a net inflow of 23.19 million yuan from retail investors despite a net outflow from main and speculative funds [2] Summary of Capital Flows by Stock - The capital flow for Hebei Steel Resources shows a significant main fund net inflow, while other stocks like Erdos (600295) and Steel Titanium Co. (000629) experienced notable net outflows from main funds [2] - Retail investors showed strong interest in several stocks, particularly in Dazhong Mining and Erdos, indicating a divergence in investment strategies among different investor types [2]

Market Overview - On September 26, the steel raw materials sector increased by 0.6% compared to the previous trading day, with Hebei Steel Resources leading the gains [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Individual Stock Performance - Key stocks in the steel raw materials sector showed varied performance, with Hebei Steel Resources closing at 15.80, up 1.28%, and Erdos at 10.16, up 1.09% [1] - Other notable performers included Fangda Carbon at 5.16, up 0.98%, and Guangdong Mingzhu at 5.92, up 0.85% [1] Trading Volume and Capital Flow - The trading volume for Hebei Steel Resources was 159,800 shares, with a transaction value of 2.54 billion yuan [1] - The steel raw materials sector experienced a net outflow of 12.27 million yuan from main funds, while retail funds saw a net outflow of 12.53 million yuan, and speculative funds had a net inflow of 24.81 million yuan [1] Fund Flow Analysis - Among individual stocks, Steel Titanium Co. had a main fund net inflow of 8.23 million yuan, while Dazhong Mining saw a net inflow of 7.80 million yuan [2] - Conversely, Hebei Steel Resources experienced a main fund net outflow of 8.34 million yuan, indicating a shift in investor sentiment [2]

Market Overview - On September 25, the steel raw materials sector rose by 0.27% compared to the previous trading day, with Hebei Steel Resources leading the gains [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Individual Stock Performance - Hebei Steel Resources (000923) closed at 15.60, up 1.89% with a trading volume of 165,000 shares and a turnover of 258 million yuan [1] - Dazhong Mining (001203) closed at 11.75, up 1.47% with a trading volume of 112,900 shares and a turnover of 132 million yuan [1] - Ordos (600295) closed at 10.05, up 1.11% with a trading volume of 122,200 shares and a turnover of 124 million yuan [1] - Fangda Carbon (600516) closed at 5.11, up 0.39% with a trading volume of 385,500 shares and a turnover of 28.86 million yuan [1] - Hainan Mining (696109) closed at 8.03, down 0.37% with a trading volume of 144,100 shares and a turnover of 117 million yuan [1] - Steel Titanium Co. (000629) closed at 2.81, down 0.71% with a trading volume of 821,700 shares and a turnover of 232 million yuan [1] - Denglai Mining (000655) closed at 8.47, down 0.94% with a trading volume of 103,200 shares and a turnover of 88.52 million yuan [1] - Baodi Mining (601121) closed at 6.59, down 1.05% with a trading volume of 94,100 shares and a turnover of 62.69 million yuan [1] - Guangdong Mingzhu (600382) closed at 5.87, down 1.34% with a trading volume of 54,300 shares and a turnover of 32.20 million yuan [1] Capital Flow Analysis - The steel raw materials sector experienced a net outflow of 5.86 million yuan from main funds, while retail funds saw a net inflow of 24.86 million yuan [1] - Dazhong Mining had a main fund net inflow of 11.21 million yuan, but retail funds saw a net outflow of 5.41 million yuan [2] - Hebei Steel Resources had a main fund net inflow of 11.19 million yuan, with retail funds experiencing a net outflow of 13.85 million yuan [2] - Fangda Carbon had a main fund net inflow of 3.23 million yuan, while retail funds saw a net outflow of 3.51 million yuan [2] - Hainan Mining had a main fund net inflow of 2.62 million yuan, but retail funds experienced a net outflow of 5.96 million yuan [2] - Ordos had a main fund net outflow of 4.36 million yuan, with retail funds seeing a net inflow of 2.24 million yuan [2] - Denglai Mining had a significant main fund net outflow of 8.97 million yuan, while retail funds saw a net inflow of 2.47 million yuan [2] - Steel Titanium Co. had a main fund net outflow of 20.50 million yuan, but retail funds experienced a net inflow of 4.45 million yuan [2]

Group 1 - The company Jinling Mining (000655) responded to investor inquiries on September 22, indicating that as of September 19, 2025, the number of registered shareholders is 34,700 (including credit accounts combined) [1]

Market Overview - The steel raw materials sector experienced a decline of 0.47% on September 16, with Jinling Mining leading the drop [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Individual Stock Performance - Guangdong Mingzhu (600382) closed at 6.30, with an increase of 1.78% and a trading volume of 110,100 shares, totaling a transaction value of 68.79 million yuan [1] - Erdos (600295) closed at 9.87, down 0.10%, with a trading volume of 118,000 shares and a transaction value of 117 million yuan [1] - Fangda Carbon (600516) closed at 5.26, down 0.19%, with a trading volume of 556,800 shares and a transaction value of 291 million yuan [1] - Jinling Mining (000655) closed at 9.01, down 2.38%, with a trading volume of 233,600 shares and a transaction value of 209 million yuan [1] Capital Flow Analysis - The steel raw materials sector saw a net outflow of 81.81 million yuan from institutional investors, while retail investors had a net inflow of 67.53 million yuan [1] - The capital flow for individual stocks showed that Steel Titanium Co. (000629) had a net inflow of 10.97 million yuan from retail investors, despite a net outflow of 17.01 million yuan from speculative funds [2] - Baodi Mining (601121) experienced a significant net outflow of 17.45 million yuan from institutional investors, while retail investors contributed a net inflow of 14.06 million yuan [2]

Company Overview - Jining Mining Co., Ltd. is located in Zibo City, Shandong Province, and was established on September 28, 1996. It was listed on November 28, 1996. The company's main business includes iron ore mining, production and sales of iron concentrate, copper concentrate, cobalt concentrate, and pellet ore, as well as machinery processing and sales [2]. Financial Performance - For the first half of 2025, Jining Mining achieved operating revenue of 768 million yuan, representing a year-on-year growth of 10.17%. The net profit attributable to shareholders was 150 million yuan, showing a significant year-on-year increase of 88.14% [2]. - Since its A-share listing, Jining Mining has distributed a total of 608 million yuan in dividends, with 208 million yuan distributed over the past three years [3]. Stock Performance - As of September 16, Jining Mining's stock price was 9.04 yuan per share, with a market capitalization of 5.382 billion yuan. The stock has increased by 49.67% year-to-date, with a slight decline of 0.33% over the last five trading days [1][2]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on July 14, where it recorded a net buy of -61.2171 million yuan [2]. Shareholder Information - As of September 10, the number of shareholders for Jining Mining was 35,900, a decrease of 0.26% from the previous period. The average circulating shares per person increased by 0.26% to 16,602 shares [2]. Capital Flow - On September 16, the net outflow of main funds was 1.8442 million yuan, with large orders buying 5.1256 million yuan (15.94% of total) and selling 6.9698 million yuan (21.67% of total) [1].

Market Overview - The steel raw materials sector increased by 1.45% on September 12, with Hebei Steel Resources leading the gains [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - Key stocks in the steel raw materials sector showed the following performance: - Hebei Steel Resources (000923) closed at 16.52, up 2.93% with a trading volume of 175,600 shares and a turnover of 287 million yuan - Yidong Mining (601969) closed at 8.74, up 2.82% with a trading volume of 224,100 shares and a turnover of 193 million yuan - Other notable stocks include: - Dazhong Mining (001203) closed at 12.40, up 1.81% [1] Capital Flow - The steel raw materials sector experienced a net inflow of 151 million yuan from main funds, while retail investors saw a net outflow of 88.37 million yuan [1] - Detailed capital flow for selected stocks includes: - Hainan Mining (601963) had a main fund net inflow of 37.06 million yuan, but retail investors had a net outflow of 28.99 million yuan [2] - Fangda Carbon (600516) saw a main fund net inflow of 29.61 million yuan, with a retail net outflow of 42.71 million yuan [2] - Dazhong Mining (001203) had a main fund net inflow of 26.75 million yuan, while retail investors had a net inflow of 198,480 yuan [2]

Group 1 - The company held its ninth meeting of the tenth board of directors on September 11, 2025, which was conducted via telecommunication and attended by all nine directors [2][3] - The board approved a proposal for additional expected daily related transactions for the year 2025, with a total expected amount increasing from 921.175 million yuan to 971.375 million yuan [3][9] - The independent directors unanimously agreed to the proposal, ensuring compliance with relevant laws and regulations [3][13] Group 2 - The company anticipates daily related transactions with newly added related parties, including 50 million yuan with Shandong Steel Group International Trade Co., Ltd. and 200,000 yuan with Shandong Jinling Iron Mine Co., Ltd. [9][10] - The expected amount for leasing and purchasing raw materials from related parties increased from 419.95 million yuan to 470.15 million yuan [9] - The transactions are deemed normal business activities that will not adversely affect the company's financial status or independence [12][13]