Group 1: Market Performance - The non-ferrous metal sector has seen significant gains, with the non-ferrous leader ETF (159876) reaching an intraday increase of 3.25% and closing up 2.98%, indicating strong market interest and capital inflow, with a net subscription of 13.2 million units [1] - In the sub-sectors, rare earth leaders such as China Rare Earth and Shenghe Resources hit the daily limit, while gold leaders like Zhongjin Gold and Western Gold rose over 4%, and copper leaders like Jiangxi Copper and Luoyang Molybdenum increased by nearly 7% and over 4% respectively [1] Group 2: Rare Earth Sector - The Ministry of Industry and Information Technology has introduced stricter regulations on rare earth mining and separation, which is expected to drive up rare earth prices further. Northern Rare Earth reported a staggering 1951.52% year-on-year increase in net profit for the first half of the year [2] - According to Everbright Securities, the clarity and strictness of rare earth supply-side policies, combined with the continuous rise in light rare earth prices, suggest that the rare earth sector may have further upward momentum [2] Group 3: Gold Sector - Shandong Gold and Western Gold reported significant profit increases, with Shandong Gold's net profit reaching 2.808 billion yuan, up 102.98%, and Western Gold's net profit soaring 131.94% to 154 million yuan [2] - Guotai Junan Securities noted that the easing geopolitical situation and expectations of a more accommodative U.S. monetary policy could support gold prices, making gold a tactical investment with a favorable risk-return profile [2] Group 4: Future Outlook for Non-Ferrous Metals - CITIC Construction pointed out that the current monetary easing from the Federal Reserve, along with domestic policies aimed at optimizing production factors, is likely to enhance profitability across the metal sector and improve market expectations [3] - The industrial metals sector is currently undervalued, indicating potential for upward correction, with a bullish market for non-ferrous metals beginning to take shape [3] Group 5: Macro Drivers and Strategic Insights - The macro drivers for gold include expectations of Federal Reserve rate cuts, geopolitical tensions increasing demand for safe-haven assets, and central bank purchases [4] - Strategic metals like rare earths, tungsten, and antimony are expected to benefit from global geopolitical dynamics, while lithium, cobalt, and aluminum are influenced by domestic "anti-involution" policies leading to valuation recovery [4] - The supply-demand dynamics for copper and aluminum are characterized by limited supply growth against rising demand from emerging industries, maintaining a tight balance [4] Group 6: Investment Composition - As of the end of July, the non-ferrous leader ETF (159876) and its linked funds track the CSI Non-Ferrous Metal Index, with weightings of copper (24.5%), aluminum (15.3%), gold (14.4%), rare earths (11.5%), and lithium (8.2%), providing a diversified investment approach [6]

Market Overview - On August 29, major A-share indices rose collectively, with a total trading volume of 2.83 trillion yuan, a decrease of 170.7 billion yuan compared to the previous trading day [1] - Key market sectors included lithium batteries and lithium mining, which saw significant gains, while the semiconductor sector experienced a pullback [1] Stock Performance - A total of 64 stocks hit the daily limit up, with 9 stocks achieving consecutive limit ups, and 19 stocks failed to close at the limit, resulting in a limit-up rate of 77% (excluding ST and delisted stocks) [3] - Notable stocks included Tianpu Co., which achieved a limit up for the sixth consecutive day, and Dechuang Environmental, which reached a four-day limit up [4] Top Stocks on the Dragon and Tiger List - The top three net purchases on the Dragon and Tiger list were Tongfu Microelectronics, China Rare Earth, and Shengtun Mining, with net purchases of 747 million yuan, 545 million yuan, and 431 million yuan, respectively [2] - The top three net sales were Huasheng Tiancheng, Wantong Development, and Hongbaoli, with net sales of 479 million yuan, 401 million yuan, and 283 million yuan, respectively [6] Company Highlights - Tongfu Microelectronics reported a revenue of 13.038 billion yuan for the first half of the year, a year-on-year increase of 17.67%, and a net profit of 412 million yuan, up 27.72% year-on-year, exceeding expectations [9] - China Rare Earth expects a net profit of 136 million to 176 million yuan for the first half of 2025, representing a year-on-year increase of 155.75% to 172.12%, driven by rising rare earth prices and improved marketing strategies [12] - Shengtun Mining plans to repurchase shares worth 500 million to 600 million yuan at a price not exceeding 11.82 yuan per share, aimed at employee stock ownership or equity incentives [15] Institutional Activity - Institutional net purchases included Wancheng Group, Longyang Electronics, and Xianda Intelligent, with net purchases of 308 million yuan, 92.27 million yuan, and 71.57 million yuan, respectively [7] - Institutional net sales were led by Zhongcai Technology, Chuanrun Co., and Aerospace Hongtu, with net sales of 194 million yuan, 86.67 million yuan, and 72.50 million yuan, respectively [8]

中国稀土集团资源科技股份有限公司 公司章程 （经公司 2025 年 8 月 28 日第九届董事会第二十次会议审议通 过，尚需经公司 2025 年第三次临时股东大会审议通过后生效） 第一章 总则 第一条 为维护公司、股东、职工和债权人的合法权益，规 范公司的组织和行为，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》（以下简称《证 券法》）和其他有关规定，制定本章程。 第二条 中国稀土集团资源科技股份有限公司（以下简称 "公司"）系依照《公司法》和其他有关规定成立的股份有限 公司。 公司经山西省人民政府晋政函（1998）34 号文件批准，以 募集方式设立；在山西省工商行政管理局注册登记，取得营业 执照，营业执照注册号 14000010063597。统一社会信用代码为 911408007011965525。 第三条 公司于一九九八年五月二十七日经中国证券监督 管理委员会（以下简称"中国证监会"）批准，首次向社会公 众发行人民币普通股 7,500 万股。于一九九八年九月十一日在深 圳证券交易所上市。 第四条 公司注册名称： - 1 - 中文：中国稀土集团资源科技股份有限公司 英文：Ch ...

中国稀土集团资源科技股份有限公司 董事会议事规则 （经公司 2025 年 8 月 28 日第九届董事会第二十次会议审议通 过，尚需经公司 2025 年第三次临时股东大会审议通过后生效） 第一章 总则 第一条 为了明确中国稀土集团资源科技股份有限公司(以 下简称"公司")董事会的权力、义务和责任，规范董事会的运 作程序，充分发挥董事会经营决策中的作用，维护公司、股东 和债权人的合法权益。依据《中华人民共和国公司法》《中华 人民共和国证券法》《深圳证券交易所股票上市规则》（以下 简称《股票上市规则》）等有关法规和《公司章程》的有关规 定，特制定本规则。 第二条 公司设董事会，对股东会负责。 第二章 董事会的性质和职权 第三条 董事会是公司的执行机构，董事会根据相关法律法 规规定及股东会和《公司章程》的授权，依法对公司进行经营 管理，对股东会负责并报告工作。 第四条 董事会行使下列职权： （一）召集股东会，并向股东会报告工作； （二）执行股东会的决议； （三）决定公司的经营计划和投资方案； - 1 - （四）制订公司的利润分配方案和弥补亏损方案； （五）制订公司增加或者减少注册资本、发行债券或者其 他证券及上市方案 ...

章卫东 根据《上市公司独立董事管理办法》《深圳证券交易所上市公司自律监管 指引第1号——主板上市公司规范运作》等有关规定，中国稀土集团资源科技股 份有限公司（以下简称"公司"）于2025年8月28日召开第九届董事会2025年第 五次独立董事专门会议。独立董事认真审阅了相关资料，基于独立客观的原则， 对《关于吸收合并全资子公司并注销其法人资格的议案》发表如下审核意见： 公司吸收合并全资子公司中稀（赣州）稀土有限公司，符合公司长期发展 战略，有利于优化公司管理架构，压减法人层级，提高资产管理效率，降低管 理成本，不会对公司正常经营、财务状况和经营成果产生重大影响，符合公司 整体利益。该议案的审议、表决等程序合法合规，不存在损害公司及全体股东 尤其是中小股东的利益的情形。 因此，全体独立董事同意《关于吸收合并全资子公司并注销其法人资格的 议案》，并同意将该议案提交公司董事会审议。 （此页无正文，为《中国稀土集团资源科技股份有限公司第九届董事会 2025 年第 五次独立董事专门会议决议》之签字页） 独立董事（签字）： 胡德勇 孙聆东 中国稀土集团资源科技股份有限公司 第九届董事会 2025 年第五次 独立董事专门会议 ...

中国稀土集团资源科技股份有限公司 股东会议事规则 （经公司 2025 年 8 月 28 日第九届董事会第二十次会议审议通 过，尚需经公司 2025 年第三次临时股东大会审议通过后生效） 第一章 总则 第一条 为规范中国稀土集团资源科技股份有限公司（以下 简称"公司"）行为，保证股东会依法行使职权，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》和《上市公司股东会规则》的规定，制定本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用 本规则。 第三条 公司应当严格按照法律、行政法规、本规则及公司 章程的相关规定召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。 公司全体董事应当勤勉尽责，确保股东会正常召开和依法行使 职权。 第四条 股东会应当在《公司法》和公司章程规定的范围内 行使职权。 第五条 股东会分为年度股东会和临时股东会。年度股东会 每年召开一次，应当于上一会计年度结束后的 6 个月内举行。 临时股东会不定期召开，出现《公司法》第一百一十三条规定 （一）会议的召集、召开程序是否符合法律、行政法规、 本规则和公司章程的规定； ...

中国稀土集团资源科技股份有限公司 董事会审计委员会议事规则 第一章 总则 第一条 为强化董事会决策功能，做到事前审计、专业审计， 确保董事会对经理层的有效监督，完善公司治理结构，根据《中 华人民共和国公司法》《上市公司治理准则》《上市公司独立 董事管理办法》《公司章程》《公司董事会议事规则》及其他有关 规定，中国稀土集团资源科技股份有限公司（以下简称"公司"） 特设立董事会审计委员会，并制定本议事规则。 第二条 董事会审计委员会是董事会依据相应法律法规设立的 专门工作机构，负责审核公司财务信息及其披露、监督及评估内外 部审计工作和内部控制。 第二章 委员会组成 第三条 审计委员会由五名不在公司担任高级管理人员的董 事组成，其中独立董事过半数，委员会中至少有一名独立董事 为专业会计人员。 第四条 审计委员会委员由董事长、二分之一以上的独立董 事或者全体董事的三分之一提名，由董事会选举产生。 第五条 审计委员会设主任委员（召集人）一名，由独立董 事中会计专业人士担任，负责主持委员会工作；主任委员在委 员内选举，并报董事会批准。 - 1 - 第六条 审计委员会任期与董事会一致，委员任期届满，连 选可以连任。期间如有 ...

每经AI快讯，中国稀土（SZ 000831，收盘价：58.32元）8月29日晚间发布半年度业绩报告称，2025年 上半年营业收入约18.75亿元，同比增加62.38%；归属于上市公司股东的净利润约1.62亿元；基本每股 收益0.1524元。2024年同期营业收入约11.55亿元；归属于上市公司股东的净利润亏损约2.44亿元；基本 每股收益亏损0.2303元。 截至发稿，中国稀土市值为619亿元。 每经头条（nbdtoutiao）——近120个品牌、1600辆车逐鹿西南！下半年国内首个A级车展开幕：新能 源"第三极"将改写车市格局 （记者 张喜威） ...

Overview - The core point of the announcement is that China Rare Earth Group Resources Technology Co., Ltd. plans to absorb and merge its wholly-owned subsidiary, China Rare Earth (Ganzhou) Co., Ltd., which will lead to the cancellation of the subsidiary's independent legal status and the inheritance of all its assets, debts, and rights by the parent company [1][2]. Group 1: Merger Details - The merger is part of the company's strategy to implement the guidelines for deepening state-owned enterprise reform, optimize the layout of state-owned capital, and improve management efficiency [1][4]. - The merger does not constitute a related party transaction or a major asset restructuring as defined by the Shenzhen Stock Exchange and requires approval from the shareholders' meeting [2][4]. - The merger will not significantly impact the company's normal operations, financial status, or results, and will not harm the interests of shareholders, especially minority shareholders [1][5]. Group 2: Company Information - The parent company, China Rare Earth Group Resources Technology Co., Ltd., was established on June 17, 1998, with a registered capital of 1,061,220,807 RMB and is involved in the trade and research of rare earth products [2]. - The subsidiary, China Rare Earth (Ganzhou) Co., Ltd., was established on October 30, 2008, with a registered capital of 837,133,300 RMB, focusing on the sale of rare earth metals and related products [2]. Group 3: Financial Overview - As of June 30, 2025, the total assets of the subsidiary were 180,788.28 million RMB, with net assets of 169,434.89 million RMB and a net profit of 7,114.31 million RMB for the first half of 2025 [3]. - The merger will not require any payment of consideration, and the financial statements of the subsidiary have already been included in the consolidated financial statements of the parent company [3][5]. Group 4: Post-Merger Structure - After the merger, the operational business of the subsidiary will be inherited and continued by the parent company, with no changes to the governance structure, core management team, or daily operations of the two wholly-owned subsidiaries involved [4]. - The merger aims to streamline the management structure, reduce legal entities, and enhance asset management efficiency, aligning with the company's long-term development strategy [4].

Strong Stocks - As of August 29, the Shanghai Composite Index rose by 0.37% to 3857.93 points, the Shenzhen Component Index increased by 0.99% to 12696.15 points, and the ChiNext Index climbed by 2.23% to 2890.13 points [1] - A total of 79 stocks in the A-share market hit the daily limit, with the top three strong stocks being: RIFENG (002953), China Rare Earth (000831), and Aipu (603020) [1] - Detailed data for the top 10 strong stocks includes metrics such as trading volume, turnover rate, and net buying amount from the top trading accounts [1] Strong Concept Sectors - The top three concept sectors with the highest gains are: Military Equipment Restructuring Concept (3.57%), Sodium-Ion Battery (2.41%), and Graphite Electrode (2.32%) [2] - The top 10 concept sectors show varying percentages of rising and falling constituent stocks, indicating market trends and investor sentiment [2] - The Military Equipment Restructuring Concept has a high percentage of rising stocks at 85.71%, while the Graphite Electrode sector has a significant 52.0% of falling stocks [2]