Investment Rating - The industry rating is "Recommended" [3] Core Insights - The report highlights that tungsten prices continue to reach historical highs, with expectations for a strong overall market for key metals [1][23] - Nickel prices are supported by tightening supply expectations due to Indonesia's reduced production quotas for 2026, which are set between 260 million to 270 million tons, significantly lower than the previous year's quota of 42 million wet tons [1][29] - Cobalt supply is expected to tighten further due to slow export progress from the Democratic Republic of Congo, with a forecasted increase in cobalt prices [2][5] - Antimony prices are anticipated to remain strong due to supply constraints, with a significant drop in production reported [6][18] - Lithium supply disruptions are expected to continue, with potential for lithium prices to reach new highs amid increasing demand [8][19] - The rare earth sector is facing supply shortages, particularly for praseodymium and neodymium, which may support prices [9][20] - Tin prices are supported by ongoing supply concerns from Myanmar and the Democratic Republic of Congo, with a notable decrease in tin imports [11][21] - Uranium supply is expected to remain tight, supporting high prices due to geopolitical factors and production delays [14][24] Summary by Sections Nickel and Cobalt Industry Insights - Indonesia's nickel production quota for 2026 is set to significantly reduce, impacting supply and supporting prices [1][29] - Cobalt exports from the Democratic Republic of Congo are hindered by complex local processes and logistical challenges, leading to tighter supply [2][5] Antimony Industry Insights - Antimony production has seen a sharp decline, which is expected to support prices in the near term [6][18] Lithium Industry Insights - Lithium prices are under pressure due to supply disruptions, but demand remains strong, potentially leading to price increases [8][19] Rare Earth Industry Insights - Supply shortages for praseodymium and neodymium are anticipated, which may bolster prices in the market [9][20] Tin Industry Insights - Ongoing supply issues from Myanmar and the Democratic Republic of Congo are expected to support tin prices [11][21] Uranium Industry Insights - The uranium market is facing supply constraints, which are likely to keep prices elevated due to geopolitical tensions and production delays [14][24]

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。 重要内容提示： 1、交易目的：防范外汇市场风险，降低汇率波动对英洛华科技股份有限公 司（以下简称"公司"）生产经营的影响。 2、交易品种：包括但不限于外汇远期结售汇业务、外汇掉期、货币互换、 期权等或上述产品的组合。 3、交易场所：经有关监管机构批准、具有外汇衍生品套期保值业务经营资 质的金融机构。 4、交易金额：任一时点的交易余额不超过 13 亿元人民币或等值外币。 5、已履行的审议程序：公司于 2026 年 3 月 4 日召开第十届董事会第十六次 会议，审议通过了《公司关于 2026 年度开展外汇衍生品套期保值业务的议案》。 该事项无需提交公司股东会审议。 证券代码：000795 证券简称：英洛华 公告编号：2026-014 英洛华科技股份有限公司 关于 2026 年度开展外汇衍生品套期保值业务的公告 6、风险提示：在外汇衍生品业务开展过程中可能存在市场风险、操作风险、 客户违约风险等风险，敬请投资者注意投资风险。 一、投资情况概述 1、开展外汇衍生品套期保值业务的目的 因公司出口业务主要采用美元、欧元、英镑 ...

关于开展外汇衍生品套期保值业务的可行性分析报告 英洛华科技股份有限公司 一、开展外汇衍生品套期保值业务的背景 随着国际化战略的推进，英洛华科技股份有限公司（以下简称"公司"）海 外业务布局进一步完善，出口业务占销售收入的比重较高，外币收付汇需求增加。 公司出口业务主要采用美元、欧元、英镑等外币进行结算收款，当汇率出现较大 波动时，汇兑损益将对公司的经营业绩造成一定影响。为有效防范外汇市场风 险，降低汇率波动对公司生产经营的影响，公司及子公司拟适度开展外汇衍生品 套期保值业务，以加强外汇风险管理，增强财务稳健性。 二、开展外汇衍生品套期保值业务的基本情况 1、交易金额及期限 任一时点的交易余额不超过13亿元人民币或等值外币，有效期限自公司董 事会审议通过之日起12个月内。在前述额度和规定期限内资金可循环滚动使用。 2、交易方式 交易品种包括但不限于外汇远期结售汇业务、外汇掉期、货币互换、期权 等或上述产品的组合。交易场所为经有关监管机构批准、具有外汇衍生品套期保 值业务经营资质的金融机构。 3、资金来源 资金来源为公司自有资金，不涉及使用募集资金。 （1）市场风险：由于影响外汇市场汇率走势的因素复杂多样，不确定 ...

证券代码：000795 证券简称：英洛华 公告编号：2026-013 英洛华科技股份有限公司 第十届董事会第十六次会议决议公告 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"）第十届董事会第十六次会议 于 2026 年 3 月 3 日以书面或电子邮件等方式通知全体董事，于 2026 年 3 月 4 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 9 人，实际 出席董事 9 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、董事会会议审议情况 经与会董事充分讨论，会议以 9 票同意、0 票反对、0 票弃权的表决结果审 议通过了《公司关于 2026 年度开展外汇衍生品套期保值业务的议案》。 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 2026 年度开展外汇衍生品套期保值业务 的公告》（公告编号：2026-014）。 三、备查文件 1、公司第十届董事会第 ...

Investment Rating - The industry rating is "Recommended" [3] Core Views - The report highlights that the supply disruptions in Indonesia are raising expectations for tighter market conditions, which may support nickel prices. As of February 27, the LME nickel spot price was $17,685 per ton, up 3.09% from February 20, with total LME nickel inventory at 287,976 tons, an increase of 0.09% [1] - The cobalt raw material supply remains tight, with expectations for continued price increases. As of February 27, electrolytic cobalt was priced at 440,000 yuan per ton, up 2.92% from February 13 [2] - The report indicates that the overall supply of antimony is slightly contracting, which may support antimony prices. The average price of domestic antimony ingots was 167,500 yuan per ton as of February 26, up 1.82% from February 12 [6] - The report notes that the supply of lithium carbonate is expected to remain tight, with prices rising to 176,000 yuan per ton as of February 27, an increase of 17.82% from February 13 [8] - The report emphasizes that the supply of praseodymium and neodymium is likely to remain short, which may support prices in the rare earth magnetic materials sector. As of February 27, the average price of praseodymium oxide was 955 yuan per kilogram, up 6.70% from February 14 [9] - The report discusses the ongoing tensions in northern Myanmar, which are raising concerns about the supply chain for tin, with the LME tin spot price reaching $57,425 per ton, up 26.21% from February 20 [11] - The report indicates that the supply shortage of tungsten is worsening, with white tungsten concentrate priced at 796,000 yuan per ton as of February 28, up 14.86% from February 13 [13] - The report highlights that expectations for tight uranium supply are continuing to develop, with the global uranium market price at $69.71 per pound as of January, remaining high despite some fluctuations [14] Summary by Sections Nickel and Cobalt Industry - Nickel prices are expected to find support due to supply constraints from Indonesia, with a significant reduction in approved mining quotas [1][16] - Cobalt supply is projected to remain structurally tight, with potential for further price increases benefiting cobalt resource companies [2][17] Antimony Industry - Antimony supply is tightening, with domestic prices expected to rise as export controls and supply chain issues persist [6][19] Lithium Industry - Lithium carbonate prices are expected to remain strong due to supply constraints and increased demand from battery manufacturers [8][20] Rare Earth Industry - The supply of praseodymium and neodymium is expected to remain tight, with price support anticipated due to regulatory changes and supply chain disruptions [9][21] Tin Industry - Ongoing geopolitical tensions in Myanmar and supply chain uncertainties are expected to support tin prices [11][22] Tungsten Industry - The tungsten market is facing supply shortages, with prices expected to rise further due to production constraints and regulatory measures [13][23] Uranium Industry - The uranium market is experiencing tight supply conditions, with prices remaining elevated due to geopolitical factors and production delays [14][24]

Core Viewpoint - The company, Yingluohua (000795.SZ), is actively engaged in the production and sales of neodymium iron boron magnetic materials, micro-special motors, health equipment products, and electronic acoustic products, with a focus on the robotics industry [1] Group 1: Company Overview - The company specializes in neodymium iron boron magnetic materials, micro-special motors, health equipment products, and electronic acoustic products [1] - Some of the company's products currently have limited applications in industrial robots [1] Group 2: Industry Focus - The company is continuously monitoring and keeping pace with the development trends in the robotics industry [1] - There is a strategic focus on the future commercialization and large-scale implementation of robotics [1] - The company is preparing in terms of talent, technology, and product reserves to support its initiatives in the robotics sector [1]

Core Viewpoint - Inlohar (000795) is actively engaged in the production and sales of neodymium iron boron magnetic materials, micro-special motors, health equipment products, and electronic acoustic products, with a focus on the robotics industry [1] Group 1: Company Overview - The company primarily produces and sells neodymium iron boron magnetic materials, micro-special motors, health equipment products, and electronic acoustic products [1] - A portion of the company's products currently has limited applications in industrial robots [1] Group 2: Industry Focus - The company is continuously monitoring and keeping pace with the development trends in the robotics industry [1] - There is a strategic focus on the future commercialization and mass production, along with preparations in talent, technology, and product reserves [1]

北京金诚同达律师事务所 关于 英洛华科技股份有限公司 2026 年第一次临时股东会的 法律意见书 北京市朝阳区建国门外大街 1 号国贸大厦 A 座 10 层 电话：010-5706 8585 传真：010-6518 5057 金诚同达律师事务所 法律意见书 北京金诚同达律师事务所 关于英洛华科技股份有限公司 2026 年第一次临时股东会的 法律意见书 金证法意[2026]字 0212 第 0062 号 致：英洛华科技股份有限公司 北京金诚同达律师事务所（以下简称"本所"）接受英洛华科技股份有限公 司（以下简称"英洛华"或"公司"）的聘请，指派本所律师出席公司 2026 年第 一次临时股东会（以下简称"本次股东会"）并对会议的相关事项出具法律意见 书。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华 人民共和国证券法》《上市公司股东会规则》（以下简称"《股东会规则》"）《律师 事务所从事证券法律业务管理办法》《律师事务所证券法律业务执业规则（试行）》 等有关法律、法规和规范性文件的要求以及《英洛华科技股份有限公司章程》（以 下简称"《公司章程》"）的规定，对本次股东会的召集、召开程序，出 ...

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。 特别提示： 1．本次股东会未出现否决提案的情形； 2．本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1．会议时间： 证券代码：000795 证券简称：英洛华 公告编号：2026-012 英洛华科技股份有限公司 2026年第一次临时股东会决议公告 （1）现场会议时间：2026 年 2 月 12 日 14:30 （2）网络投票时间：通过深圳证券交易所（以下简称"深交所"）系统进 行网络投票的具体时间为2026年2月12日9:15-9:25，9:30-11:30，13:00-15:00； 通过深交所互联网投票系统投票的具体时间为 2026 年 2 月 12 日 9:15 至 15:00 的任意时间。 2．会议地点：英洛华科技股份有限公司（以下简称"公司"）101会议室（浙 江省金华市东阳市横店镇科兴路39号） 3．会议召开方式：现场表决与网络投票相结合 4．会议召集人：公司董事会 5．会议主持人：公司董事长魏中华先生 6．会议召开的合法、合规性：本次股东会会议的召开符合有关法 ...

Group 1 - The company, Yingluohua, announced on January 28 that it signed a maximum guarantee contract with Bank of China Dongyang Branch to provide a joint liability guarantee for its wholly-owned subsidiary, Ganzhou Dongci Rare Earth Co., Ltd., for a credit facility amounting to RMB 220 million [1] - Following this guarantee, the company's total external guarantee balance is approximately RMB 709 million, all of which are guarantees provided for subsidiaries within the consolidated financial statements, representing 26.38% of the company's most recent audited net assets [1] Group 2 - The industry is witnessing significant advancements in battery technology, with semi-solid state batteries expected to be equipped in multiple new vehicles this year, indicating a year of iteration for power battery technology [1]