Industry Overview - The rare earth sector has seen a significant increase, with companies like Zhenghai Magnetic Materials and Aishichuang hitting the daily limit up, indicating strong market performance [1] - Rare earth elements are classified into light and heavy rare earths, with China being the sole source of heavy rare earth separation globally [1] - The rare earth industry is entering a traditional consumption peak season in August, leading to increased demand and procurement [1] Supply and Demand Dynamics - The demand for rare earth materials is expected to rise due to increased orders from major manufacturers, with some orders scheduled until mid-September [1] - The import volume of domestic rare earth products has significantly decreased due to factors like US-China tariff conflicts and political issues in Myanmar [1] - Recent price increases in rare earth materials are a key catalyst for the sector's heightened interest, with expectations of continued upward price momentum driven by strong demand [1][2] Applications of Rare Earth Materials - Rare earth permanent materials are crucial in the electric vehicle sector, with approximately 2 kilograms of rare earth used per vehicle [2] - The consumer electronics sector also shows stable growth in demand for high-performance permanent materials, used in devices like smartphones and computers [2] - Emerging industries, such as humanoid robotics, are projected to create substantial demand for rare earth materials, with estimates suggesting a potential market of $800 billion [2] Key Companies in the Rare Earth Sector - Northern Rare Earth: One of the largest suppliers of light rare earth products globally, with a target utilization rate of 90% for praseodymium and neodymium by 2025 [3] - Zhongke Magnetic Materials: A significant domestic producer of permanent magnetic materials, focusing on sintered neodymium-iron-boron and ferrite magnets [3] - China Rare Earth: The only listed platform for China Minmetals, specializing in ion-type rare earth separation and processing [3] - Galaxy Magnet: Engaged in the development and production of bonded neodymium-iron-boron magnets and samarium-cobalt magnets [3] - Inlohua: Produces neodymium-iron-boron permanent materials and serves major clients like Apple and Samsung [3] - Baotou Steel: Supplies rare earth concentrates and is known for its rich mineral resources [3] - Guangxi Rare Earth: A key player in the Guangdong rare earth industry, holding significant mining rights [4] - Xiamen Tungsten: Involved in rare earth permanent magnets with an annual production capacity of 4,000 tons [4]

Core Viewpoint - The financial performance of Yingluohua (000795) shows a decline in total revenue while net profit has increased, indicating mixed results in the company's financial health [1]. Financial Performance - As of the first quarter of 2025, Yingluohua reported total revenue of 840 million yuan, a year-on-year decrease of 6.17% [1]. - The net profit attributable to shareholders was 68.82 million yuan, reflecting a year-on-year increase of 4.01% [1]. - The non-recurring net profit was 56.84 million yuan, which represents a year-on-year decrease of 9.63% [1]. - The company's liquidity ratios are strong, with a current ratio of 2.769 and a quick ratio of 2.042 [1]. - The debt-to-asset ratio stands at 29.49%, indicating a relatively low level of debt [1]. Stock Performance - As of August 1, 2025, Yingluohua's stock closed at 10.97 yuan, down 0.99% [1]. - The turnover rate was 2.59%, with a trading volume of 293,300 hands and a transaction amount of 323 million yuan [1]. - There was a net outflow of main funds amounting to 13.53 million yuan, accounting for 4.19% of the transaction amount [1]. - Large orders saw a net outflow of 13.21 million yuan, representing 4.09% of the transaction amount [1]. Company Overview - Yingluohua Technology Co., Ltd. was established in 1997 and is located in Jinhua City, primarily engaged in technology promotion and application services [2]. - The company has a registered capital of 11.34 billion yuan, which is also the paid-in capital [1]. - The legal representative of the company is Wei Zhonghua [1]. Investment and Intellectual Property - Yingluohua has made investments in 25 companies and participated in 10 bidding projects [2]. - The company holds 69 trademark registrations and 30 patents, along with one administrative license [2].

Industry Overview - White corundum is an inorganic non-metallic material made from industrial alumina powder, with a Mohs hardness of 9.0, second only to diamond [1][4] - The industry has seen a decline in production due to weak domestic demand and stringent environmental policies, with total production expected to drop to approximately 480,000 tons in 2024 [1][4] Production Side - The white corundum industry in China began in the 1950s, initially relying heavily on imports, but has since developed self-sufficiency through technological advancements [4] - The production of 1 ton of white corundum requires about 1.1 tons of alumina, making alumina prices critical to the industry [4] Price Analysis - The price of alumina has significantly increased due to tightening supply, with the average price reaching 4,076 RMB/ton in 2024, a rise of 39.49% [5] - White corundum prices have also risen, with average prices for blocks increasing from 4,200-4,400 RMB/ton in 2023 to 5,100-5,300 RMB/ton in 2024 [5] Import and Export - Import levels of white corundum have remained low, decreasing to 1,500 tons by 2024, while exports surged from 235,400 tons in 2020 to 445,100 tons in 2024, with a compound annual growth rate of 17.26% [7] - The number of countries and regions importing Chinese white corundum has increased to 91 by the end of 2024 [7] Consumption Side - The primary consumption markets for white corundum are refractory materials and abrasives, with refractory material production declining by 3.73% in 2024 [9][10] - The abrasives sector has also faced challenges, with total revenue dropping to 450.2 billion RMB in 2024, a decrease of 15.1% [9] Future Trends - The industry is expected to see increased concentration as smaller companies face pressure from stricter environmental regulations and market competition [18] - There is a push towards green and high-end transformation, with companies focusing on clean production processes and developing high-purity products to meet advanced manufacturing needs [19][20]

Core Viewpoint - The company, Yingluo Technology Co., Ltd., has approved an investment plan for a new project to expand the production capacity of sintered neodymium-iron-boron magnets by 5,000 tons annually, with a total estimated investment of approximately 423.81 million yuan [3][4]. Group 1: Project Details - The project, named "Annual Production of 5,000 Tons Sintered Neodymium-Iron-Boron Expansion Project," will be implemented by the wholly-owned subsidiary, Dongyang Dongci Rare Earth Co., Ltd. [4] - The construction site is located at No. 33 Kexing Road, Hengdian Town, Dongyang City, Jinhua, Zhejiang Province [4]. - The project includes factory renovations, new production lines, and additional testing equipment, with an expected construction period of 18 months [4]. Group 2: Strategic Implications - The expansion project aligns with national industrial policies and industry development trends, aiming to enhance the company's production capacity to meet the growing market demand for neodymium-iron-boron materials [4]. - Upon completion, the project is expected to increase the scale of the company's neodymium-iron-boron business and strengthen its overall competitiveness, positively impacting long-term development and benefiting all shareholders [4].

Company Overview - Yingluohua is one of the earliest producers of neodymium iron boron permanent magnetic materials in China, capable of both sintered and bonded high-performance neodymium iron boron products [3] - The company has developed a complete production line for material production, processing, and surface treatment, establishing good relationships with leading customers across various sectors [3] Recent Developments - On June 27, Yingluohua announced that its wholly-owned subsidiary, Zhejiang Dongyang Dongci Rare Earth Co., Ltd., plans to invest approximately 424 million yuan to construct an annual production capacity of 5,000 tons of sintered neodymium iron boron [2][4] - The project will include factory renovations, new production lines, and additional testing equipment, with a construction period of about 18 months [2] Financial Performance - In 2024, the neodymium iron boron business generated revenue of 2.116 billion yuan, accounting for 52.79% of total revenue, although this is a decrease from 3.121 billion yuan and 65.95% in 2022 [4] - The company's revenue for 2023 was 4.036 billion yuan, a year-on-year decline of 14.72%, with net profit dropping to 89.56 million yuan, a decrease of 65.36% [7] - However, in 2024, revenue slightly decreased to 4.009 billion yuan, but net profit increased significantly by 176.52% to 248 million yuan [7] Export and Market Presence - The export ratio of the company's motor business is between 60% and 70%, contributing to a rise in overseas revenue from 1.434 billion yuan in 2022 (30.3% of total revenue) to 1.695 billion yuan in 2024 (42.28% of total revenue) [7] - The company has established a strong presence in various international markets, including North America, Europe, and Southeast Asia [7] Industry Outlook - The neodymium iron boron industry is experiencing an upturn due to the recovery of global supply chains and the explosion of demand in emerging sectors [5] - The first quarter of 2025 saw Yingluohua's revenue at 840 million yuan, a year-on-year decrease of 6.17%, while net profit increased by 4.01% to 68.82 million yuan [7]

证券代码：000795 证券简称：英洛华 公告编号：2025-040 英洛华科技股份有限公司 关于增加 2025 年度日常关联交易预计额度的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、日常关联交易基本情况 1、新增日常关联交易概述 英洛华科技股份有限公司（以下简称"公司"）于2025年3月6日召开第十届 董事会第六次会议、第十届监事会第四次会议，审议通过了《公司关于2025年度 日常关联交易预计的议案》，该议案已经公司2024年度股东大会审议通过。因公 司日常生产经营需要，预计公司与关联方浙江横店影视城有限公司（以下简称 "横店影视城"）之间需增加日常关联交易额度750万元。 公司于2025年6月27日召开第十届董事会第九次会议、第十届监事会第六次 会议，审议通过了《公司关于增加2025年度日常关联交易预计额度的议案》，关 联董事、关联监事已回避表决。本次日常关联交易预计事项在公司董事会审批权 限范围内，无需提交公司股东大会审议。 2、预计新增日常关联交易类别和金额 单位：万元 3、履约能力分析 公司认为上述关联方经营正常，财务状况和资信情况良好 ...

一、投资概述 证券代码：000795 证券简称：英洛华 公告编号：2025-041 英洛华科技股份有限公司 关于投资建设年产 5000 吨烧结钕铁硼扩产项目的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 根据战略发展需要，英洛华科技股份有限公司（以下简称"公司"）全资孙 公司浙江东阳东磁稀土有限公司（以下简称"东阳东磁"）拟投资建设年产5000 吨烧结钕铁硼扩产项目（以下简称"项目"），测算总投资约42,381万元。本项 目建成后，将新增年产5000吨烧结钕铁硼磁体的生产能力。 公司于2025年6月27日召开第十届董事会第九次会议，审议通过了《公司关 于投资建设年产5000吨烧结钕铁硼扩产项目的议案》。本次投资事项在公司董事 会审批权限范围内，无需提交公司股东大会审议。本次投资事项不构成关联交易， 不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 6、经营范围：稀土销售；磁性材料、电子元器件生产和销售；经营进出口 业务。 二、投资主体基本情况 1、单位名称：浙江东阳东磁稀土有限公司 2、成立日期：2014 年 12 月 5 日 7、股权结构： ...

第十届监事会第六次会议决议公告 证券代码：000795 证券简称：英洛华 公告编号：2025-039 英洛华科技股份有限公司 特此公告。 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 英洛华科技股份有限公司监事会 一、监事会会议召开情况 英洛华科技股份有限公司（以下简称"公司"）第十届监事会第六次会议于 2025 年 6 月 24 日以书面或电子邮件等方式通知全体监事，于 2025 年 6 月 27 日 以通讯方式召开。本次会议由监事会主席厉国平先生主持，应出席监事 3 人，实 际出席监事 3 人，公司高级管理人员列席了会议。本次会议的召开符合《公司法》 和《公司章程》等的有关规定。 二、监事会会议审议情况 经与会监事充分讨论，会议以 1 票同意、0 票反对、0 票弃权、2 票回避的 表决结果审议通过了《公司关于增加 2025 年度日常关联交易预计额度的议案》。 该事项已经公司独立董事专门会议审议通过，全体独立董事同意该议案。关 联监事厉国平先生、葛向全先生对本议案回避表决。 具体内容详见公司披露在《中国证券报》《证券时报》和指定信息披露网站 (http:/ ...

证券代码：000795 证券简称：英洛华 公告编号：2025-038 英洛华科技股份有限公司 第十届董事会第九次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 英洛华科技股份有限公司（以下简称"公司"）第十届董事会第九次会议于 2025 年 6 月 24 日以书面或电子邮件等方式通知全体董事，于 2025 年 6 月 27 日 以通讯方式召开。本次会议由董事长魏中华先生主持，应出席董事 7 人，实际出 席董事 7 人，公司监事及高级管理人员列席了会议。本次会议的召开符合《公司 法》和《公司章程》等的有关规定。 二、董事会会议审议情况 经与会董事充分讨论，审议并通过如下议案： 具体内容详见公司披露在《中国证券报》《证券时报》和指定信息披露网站 (http://www.cninfo.com.cn)的《公司关于增加 2025 年度日常关联交易预计额度的 公告》（公告编号：2025-040）。 （二）审议通过了《公司关于投资建设年产 5000 吨烧结钕铁硼扩产项目的 议案》。 表决结果：7 票同意、0 票反对、0 票弃权 具体内容 ...

Core Viewpoint - The company plans to invest approximately 424 million yuan in a project to expand the production capacity of sintered neodymium-iron-boron magnets by 5,000 tons annually, which aligns with national industrial policies and trends [1] Group 1 - The subsidiary Zhejiang Dongyang Dongci Rare Earth Co., Ltd. will undertake the investment for the new production project [1] - The total investment for the project is estimated at around 424 million yuan [1] - The project is expected to take 18 months to complete and will be funded through self-owned or raised funds [1] Group 2 - Upon completion, the project will add an annual production capacity of 5,000 tons of sintered neodymium-iron-boron magnets [1] - The expansion is anticipated to enhance the company's scale in the neodymium-iron-boron magnetic material business [1] - The project is in line with relevant national industrial policies and industry development trends [1]