Group 1 - The company, Dongfang Zirconium (002167.SZ), stated on the interactive platform that it does not directly supply the nuclear power industry [1] - The company's zirconium oxychloride products can be used to produce nuclear-grade zirconium sponge, which is applicable in the nuclear power sector [1]

Core Insights - The rare metals theme index (930632) has shown a strong increase of 1.92% as of September 12, 2025, with notable gains in constituent stocks such as Yunlu Co., Ltd. (688190) up 6.05% and Dongfang Tantalum Industry (000962) up 5.82% [1] - The rare metals ETF (561800) has seen a weekly increase of 6.45%, ranking first among comparable funds [1] - Over the past year, the rare metals ETF has achieved a net value increase of 85.48%, with a maximum single-month return of 24.02% since its inception [4] Industry Analysis - The supply increase of lithium spodumene is effectively compensating for the shortfall in lithium mica, leading to a marginal growth in domestic production and a return of lithium prices to fundamentals [4] - The cobalt sector is experiencing structural price increases, with a potential short-term benefit from improving demand as the peak demand season approaches [4] - The rare earth industry is undergoing significant supply-side reforms, with a notable increase in magnetic material exports, which rose by 75% month-on-month and 6% year-on-year [4] - The rare earth sector is expected to continue evolving with both valuation and performance improvements due to price increases, supply reforms, and strategic attributes of the sector [4] Key Stocks - As of August 29, 2025, the top ten weighted stocks in the rare metals theme index account for 57.58% of the index, including Northern Rare Earth (600111) and Luoyang Molybdenum (603993) [5] - The top stocks by weight include Salt Lake Co. (000792) at 8.52% and Northern Rare Earth (600111) at 8.49% [7] - The rare metals ETF (561800) serves as an effective investment tool for investors looking to gain exposure to the rare metals industry [7]

Group 1 - The stock price of Dongfang Zirconium has increased by 105.86% year-to-date, with a recent price of 15.11 CNY per share and a market capitalization of 11.705 billion CNY [1] - The company has seen significant trading activity, with a net inflow of 35.1747 million CNY from large orders, while the main funds experienced a net outflow of 1.4119 million CNY [1] - Dongfang Zirconium has appeared on the trading leaderboard four times this year, with the most recent net purchase of 66.4866 million CNY on July 21 [1] Group 2 - Dongfang Zirconium's main business revenue composition includes 88.92% from inorganic non-metal zircon products, 6.00% from inorganic non-metal materials, 3.18% from minerals, and 1.66% from by-products [1] - As of June 30, 2025, the company reported a revenue of 626 million CNY, a year-on-year decrease of 23.07%, while the net profit attributable to shareholders increased by 148.58% to 29.0766 million CNY [2] - The number of shareholders increased by 10.25% to 110,600, with an average of 6,849 circulating shares per person, a decrease of 9.34% [2] Group 3 - Since its A-share listing, Dongfang Zirconium has distributed a total of 30.1102 million CNY in dividends, with no dividends paid in the last three years [3] - As of June 30, 2025, Hong Kong Central Clearing Limited is the second-largest circulating shareholder, holding 6.6647 million shares, a decrease of 3.0102 million shares from the previous period [3]

人民财讯9月12日电，东方锆业（002167）在互动平台表示，公司未直接对核电行业供货，公司的氯氧 化锆产品可用于生产应用于核电行业的核极海棉锆等。 ...

Group 1 - The company does not directly supply products to the nuclear power industry [2] - The company's zirconium oxychloride products can be used to produce nuclear-grade sponge zirconium for the nuclear power sector [2] - There is a query regarding the current demand in the downstream nuclear power market [2]

Group 1 - The company currently does not produce solid-state battery electrolyte products [2] - The zirconia samples intended for solid-state battery electrolytes have received preliminary recognition from some solid-state battery material manufacturers for research and testing [2] - The company will disclose information in a timely manner if it meets the disclosure standards [2] Group 2 - The company is inquiring about its planning and layout in the solid-state battery field, including product research and mass production progress [2] - Competitors in the solid-state battery field and the company's advantages were also questioned by investors [2]

Core Viewpoint - The industrial metal sector in A-share listed companies has shown overall profit improvement as of the first half of 2025, with many companies reporting a turnaround from losses to profits or an increase in profits compared to the previous year [1] Group 1: Profit Improvement - Among the 23 selected industrial metal companies, 8 companies reported both revenue and profit growth, including Northern Rare Earth, Dongfang Tantalum, and others [1] - 7 companies turned losses into profits, such as China Rare Earth, Yunnan Germanium, and others, with notable profit recoveries [1] - China Rare Earth's net profit improved from a loss of 244 million yuan in H1 2024 to a profit of 162 million yuan in H1 2025 [2] - Yunnan Germanium's net profit shifted from a loss of 9 million yuan to a profit of 22 million yuan [2] - Shenghe Resources reported a net profit turnaround from a loss of 69 million yuan to a profit of 377 million yuan [2] Group 2: Revenue and Profit Decline - Companies such as Western Materials, Baotai Co., and Jintian Titanium reported declines in both revenue and profit [2][8] - Western Materials' revenue decreased by 0.35% to 1.539 billion yuan, with a net profit drop of 36.03% to 61.16 million yuan [3][8] - Baotai Co. saw a 20.45% decline in revenue to 2.967 billion yuan and a 49% drop in net profit to 205 million yuan [8] - Jintian Titanium's revenue fell by 22.38% to 318 million yuan, with a net profit decrease of 49.71% to 40.53 million yuan [8] Group 3: Mixed Performance - Companies like Zhongkuang Resources, Xiamen Tungsten, and others experienced revenue growth but profit declines [4][5] - Zhongkuang Resources' revenue increased by 34.89% to 3.267 billion yuan, but net profit plummeted by 81.16% to 89.13 million yuan [6][7] - Xiamen Tungsten's revenue decreased by 4.37% to 972 million yuan, with a net profit decline of 46.47% to 64.12 million yuan [5][6] - Baowu Magnesium's net profit fell by 46.47% despite revenue growth [7]

Market Overview - On September 5, the small metals sector rose by 3.22% compared to the previous trading day, with Dongfang Tantalum leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Individual Stock Performance - Dongfang Silver Industry (000962) closed at 22.55, up 10.00% with a trading volume of 267,200 shares and a transaction value of 581 million [1] - Zhongkuang Resources (002738) closed at 42.56, up 7.58% with a trading volume of 454,700 shares and a transaction value of 1.895 billion [1] - Shenghe Resources (600392) closed at 22.90, up 5.58% with a trading volume of 1,306,200 shares and a transaction value of 2.936 billion [1] - Other notable performers include Dongfang Cuo Industry (002167) up 5.00%, Jintian Titanium Industry (688750) up 4.68%, and Tin Industry Co. (000960) up 3.88% [1] Capital Flow Analysis - The small metals sector experienced a net outflow of 161 million from institutional investors and 101 million from speculative funds, while retail investors saw a net inflow of 262 million [1] - Shenghe Resources (600392) had a net inflow of 1.16 billion from institutional investors, while it faced a net outflow of 1.44 billion from speculative funds [2] - Xiamen Tungsten (600549) reported a net inflow of 88.79 million from institutional investors but a net outflow of 10.35 million from speculative funds [2] - Dongfang Cuo Industry (002167) had a net inflow of 67.50 million from institutional investors, with a net outflow of 47.39 million from speculative funds [2]

Group 1 - The company, Dongfang Zirconium (002167.SZ), currently does not produce solid-state battery electrolyte products [1] - The zirconia samples used for solid-state battery electrolytes have received preliminary recognition from some solid-state battery material manufacturers for research and testing [1] - The company will disclose information in a timely manner if it meets the disclosure standards [1]

Group 1 - The core viewpoint of the news is that the solid-state battery concept stocks in the A-share market have collectively strengthened, with significant price increases observed in various companies [1][2] - Companies such as Lijia Technology saw a rise of 22.73%, while Zhongwei Co. increased by 11.89%, indicating strong market interest and investor confidence in solid-state battery technology [2] - The total market capitalization of Lijia Technology is 2.617 billion, and Zhongwei Co. has a market cap of 40.7 billion, reflecting their substantial presence in the market [2] Group 2 - Recent reports indicate a surge in orders for solid-state battery production equipment, with total new and existing orders exceeding 30 billion, representing a year-on-year increase of 70% to 80% [2][3] - Financial analysis suggests that since 2025, breakthroughs in solid-state battery technology have accelerated, with multiple automotive companies planning to adopt all-solid-state batteries around 2027, indicating a faster industrialization process [3] - The ongoing establishment of pilot production lines and the restart of lithium battery expansion cycles are expected to improve the fundamentals of equipment companies, suggesting a positive outlook for the industry [3]