Group 1 - The article highlights a short-term positive outlook for the aluminum industry in the A-share market [1] - It mentions that the Middle East countries are expected to complete an electrolytic aluminum production capacity of 7.051 million tons per year by 2025, accounting for approximately 9% of global capacity [5] - Two companies affected by recent attacks have a combined production capacity share exceeding 6% [5] Group 2 - The article categorizes companies into three segments: upstream resources and electrolytic aluminum, aluminum processing and deep processing, and automotive lightweight and high-end materials [6] - Key companies in the upstream resources and electrolytic aluminum segment include China Aluminum, Yun Aluminum, Shenhuo Co., Nanshan Aluminum, Jiaozuo Wanfang, and Zhongfu Industrial [6] - In the aluminum processing and deep processing segment, notable companies include Mingtai Aluminum, Chang Aluminum, Minfa Aluminum, and Asia Pacific Technology [6]

证券代码：002501 证券简称：利源股份 公告编号：2026-012 三、风险提示及相关说明 （一）截至本报告日，倍有智能不存在非经营性资金占用、违规担保等侵害 上市公司利益的情形。公司与控股股东在资产、业务、财务等方面保持独立，公 司生产经营情况正常。上述事项对公司治理及日常生产经营不构成重大影响。 吉林利源精制股份有限公司 关于控股股东股份质押的公告 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。 吉林利源精制股份有限公司（以下简称"公司"）于近日通过中国证券登记结 算有限责任公司查询，获悉控股股东倍有智能科技（长春）有限公司（以下简称 "倍有智能"）将所持有的本公司股份部分质押。质押数量 320,000,000 股，占公 司总股本的 9.01%，占其所持股份比例 40.00%。具体情况如下： 二、股东股份累计质押情况 | | | | 本次 | | | | 已质押 | | 未质押 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 质押前 | 本次 ...

Market Overview - On March 30, the four major indices closed mixed, with the Shanghai Composite Index rising by 0.24% to 3923.29 points, while the Shenzhen Component Index fell by 0.25% to 13726.19 points, the ChiNext Index decreased by 0.68% to 3273.36 points, and the Sci-Tech Innovation Index dropped by 0.18% to 1659.74 points [2][3]. Sector Performance - The precious metals, industrial metals, agriculture, and pharmaceutical commercial sectors saw significant gains, while the power, photovoltaic equipment, and oil and gas sectors experienced declines [2]. - The industrial metals sector witnessed a surge, with multiple stocks hitting the daily limit, including Liyuan Co., Minfa Aluminum, Chang Aluminum, and Nanshan Aluminum, all achieving gains of around 10% [2][4]. Notable Stocks - Top gainers in the industrial metals sector included: - Liyuan Co. (+10.27% to 2.04) - Minfa Aluminum (+10.08% to 4.26) - Chang Aluminum (+10.02% to 5.49) - Nanshan Aluminum (+10.00% to 6.49) [4]. - Conversely, the power sector faced significant declines, with stocks such as Jinkong Power and Huadian Liaoning Energy hitting the daily limit down, both falling by approximately 10% [5]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets reached 1.92 trillion yuan, an increase of 626 billion yuan compared to the previous trading day, with over 2800 stocks rising across the market [5]. Capital Flow - Main capital inflows were observed in the telecommunications, pharmaceutical, and agriculture sectors, while there were outflows from public utilities, electrical equipment, and oil and petrochemical sectors [8]. - Specific stocks with notable net inflows included Pingtan Development, Hengtong Optic-Electric, and Yongding Co., with inflows of 1.789 billion yuan, 936 million yuan, and 747 million yuan, respectively [9]. - Stocks experiencing significant net outflows included Sunshine Power, Luxshare Precision, and Ganfeng Lithium, with outflows of 1.713 billion yuan, 1.305 billion yuan, and 1.249 billion yuan, respectively [10]. Analyst Insights - Zhongtai Securities emphasized the defensive attributes of dividend assets and suggested positioning in recovery varieties following the reduction of geopolitical risks [11]. - CITIC Securities expressed optimism regarding investment opportunities in the aluminum sector due to ongoing supply disruptions [12]. - CITIC Jinpu highlighted the high growth in fiber demand driven by overseas telecommunications networks, AI, and drones, indicating that the industry is in a high prosperity cycle and continues to recommend the fiber sector [12].

二、股东股份累计被冻结情况 证券代码：002501 证券简称：利源股份 公告编号：2026-011 吉林利源精制股份有限公司 关于控股股东股份解除冻结的公告 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。 吉林利源精制股份有限公司（以下简称"公司"）于近日收到公司控股股东 倍有智能科技（长春）有限公司（以下简称"倍有智能"）通知，获悉倍有智能 所持有本公司的股份已全部解除冻结。具体情况如下： | | 是否为控股 | 本次解除 | 占其 | 占公司 | 解除冻结 | | | 解除 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 股东或第一 | 冻结股份 | 所持 | 总股本 | | 起始日 | | | | 原因 | | 名称 | 大股东及其 | 数量 | 股份 | 比例 | 执行人名称 | | | 日期 | | | | | 一致行动人 | （股） | 比例 | | | | | | | | | 倍有 | 是 | 539,905,228 | 67.49% ...

证券代码：002501 证券简称：利源股份 公告编号：2026-010 吉林利源精制股份有限公司 （二）股东股份累计被冻结情况 截至本报告日，上述股东所持股份累计被冻结情况如下： | | 持股数量 | 持股 | 累计被冻结 | 占其 | 占公司 总股本 | | | --- | --- | --- | --- | --- | --- | --- | | 股东名称 | （股） | 比例 | 数量 | 所持股份 | | 冻结情况 | | | | | （股） | 比例 | 比例 | | | 倍有智能 | 800,000,000 | 22.54% | 539,905,228 | 67.49% | 15.21% | 冻结 | 二、其他事项 关于控股股东股份解除冻结的公告 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。 吉林利源精制股份有限公司（以下简称"公司"）于近日通过中国证券登记结 算有限责任公司查询，获悉公司控股股东倍有智能科技（长春）有限公司（以下 简称"倍有智能"）所持有本公司的股份已部分解除冻结。具体情况如下： 一、本次解除冻结基本情况 | 股东 | 是否为控 ...

证券代码：002501 证券简称：利源股份 公告编号：2026-009 吉林利源精制股份有限公司 关于 2015 年度员工持股计划存续期届满暨终止的公告 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。 1 工持股计划的存续期由 48 个月延长至 120 个月（自 2016 年 3 月 8 日至 2026 年 3 月 7 日），并修订持有人的退出机制，完善相关流程。具体内容详见公司于 2019 年 3 月 2 日在指定信息披露媒体及巨潮资讯网（www.cninfo.com.cn）披露的相关 公告。 二、员工持股计划存续期届满暨终止情况 根据员工持股计划的有关规定，2015 年度员工持股计划存续期于 2026 年 3 月 7 日届满后已自行终止。 截至 2026 年 3 月 7 日，2015 年度员工持股计划所持股票余额为 3,292,200 股，占公司股本总额的比例为 0.09%。 三、员工持股计划存续期届满后的处置办法 员工持股计划存续期届满后 30 个工作日内完成清算，并按持有人所持员工 持股计划份额占总份额的比例分配剩余资产。 吉林利源精制股份有限公司（以 ...

证券代码：002501 证券简称：利源股份 公告编号：2026-008 刘树茂先生原定任期结束之日为 2027 年 10 月 10 日。根据《中华人民共和 国公司法》《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》和《公司章程》的有关规定，刘树茂先生的辞职报告自送达董事会之日 起生效。刘树茂先生将严格按照相关规定完成工作交接。其离任不会影响公司生 产经营和相关管理工作。 截至本报告披露日，刘树茂先生未持有公司股份，不存在应当履行而未履行 的承诺事项。 刘树茂先生在担任公司董事、总裁期间，恪尽职守、勤勉尽责，积极履行应 尽职责，为促进公司规范运作及健康发展发挥了积极作用。公司董事会对刘树茂 先生为公司发展作出的贡献表示衷心感谢！ 二、补选非独立董事及聘任高级管理人员情况 吉林利源精制股份有限公司 关于变更非独立董事及高级管理人员的公告 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、非独立董事及高级管理人员辞职情况 近日，吉林利源精制股份有限公司（以下简称"公司"）收到公司非独立董 事兼总裁刘树茂先生的书面辞职报告，刘树茂先生因工作 ...

吉林利源精制股份有限公司 第六届董事会第二十次会议决议公告 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。 吉林利源精制股份有限公司（以下简称"公司"）第六届董事会第二十次会议 于 2026 年 3 月 6 日在公司会议室召开。本次会议通知于 2026 年 3 月 3 日以通讯、 书面报告或网络等方式发出。本次董事会由董事长许明哲先生主持，会议采取通 讯方式进行了表决。会议应出席董事 8 人，亲自出席董事 8 人。公司全体高级管 理人员列席了本次会议。本次会议的召开符合《中华人民共和国公司法》和《公 司章程》及有关法律法规的规定。 经与会董事审议表决，一致通过如下议案： （一）审议通过了《关于聘任公司高级管理人员的议案》 表决结果：8 票赞成、0 票反对、0 票弃权、0 票回避 本事项已经公司第六届董事会提名委员会第四次会议审议通过。 证券代码：002501 证券简称：利源股份 公告编号：2026-007 （二）审议通过了《关于变更非独立董事的议案》 表决结果：8 票赞成、0 票反对、0 票弃权、0 票回避 本事项已经公司第六届董事会提名委员会第四次会议审议通 ...

证券代码：002501 证券简称：利源股份 公告编号：2026-006 吉林利源精制股份有限公司 关于高级管理人员辞职的公告 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。 近日，吉林利源精制股份有限公司（以下简称"利源股份"或"公司"）董 事会收到公司董事会秘书王占德先生提交的书面辞职报告，王占德先生因工作调 整申请辞去公司董事会秘书职务。辞职后，王占德先生仍在公司担任其他职务。 王占德先生原定的任期结束之日为 2027 年 10 月 10 日。根据《中华人民共 和国公司法》《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》和《公司章程》的有关规定，王占德先生的辞职报告自送达董事会之 日起生效。王占德先生将严格按照相关规定完成工作交接。其离任不会影响公司 生产经营和相关管理工作。公司将按照相关规定尽快完成董事会秘书的选聘工作。 截至本报告披露日，王占德先生未持有公司股份，不存在应当履行而未履行 的承诺事项。 为保证公司及公司董事会的相关工作顺利开展，根据《深圳证券交易所股票 上市规则》等有关规定，公司在聘任新的董事会秘书之前，由公司副 ...

Investment Rating - The report maintains a "Positive" investment rating for the industry [9] Core Insights - The report highlights that the recent escalation of tensions in the Middle East has led to a resurgence of risk aversion, pushing gold prices above $5200 per ounce. The geopolitical situation, particularly the military actions between Israel and Iran, has disrupted market stability and triggered a "flight to safety" in precious metals [2][5] - The report emphasizes the resilience of the precious metals sector, driven by three key factors: escalating geopolitical risks, ongoing trade conflicts, and potential interest rate cuts. It suggests that March will be a critical period for negotiations between the U.S. and its major trading partners, which could significantly impact gold and silver prices [5] - The report also notes that industrial metals like copper and aluminum are experiencing price increases due to domestic stimulus policies and international risks, particularly from Iran. It indicates that the short-term outlook for these metals is positive, with expectations of price increases driven by geopolitical tensions and economic recovery [6] - The report identifies lithium and strategic metals as areas of significant investment potential, particularly due to supply disruptions and increasing demand. It highlights the importance of strategic metals like rare earths and tungsten, which are expected to see a revaluation in light of geopolitical tensions and supply chain concerns [7] Summary by Sections Precious Metals - The report indicates a shift in the short-term logic for precious metals from "policy games" to "war premiums," emphasizing the need to focus on the elasticity of gold stocks. The report maintains a positive outlook for gold and silver, driven by factors such as inflation, interest rate cuts, and geopolitical risks [5] - Specific stock recommendations include companies like Zhaojin Mining, Chifeng Jilong Gold Mining, and Shandong Gold Mining, which are expected to benefit from the current market dynamics [5] Industrial Metals - The report notes that industrial metals are benefiting from domestic stimulus measures and rising geopolitical risks, with copper prices increasing by 2.6% and aluminum by 1.3% on the LME. It highlights the seasonal accumulation of copper and aluminum inventories, with significant year-on-year increases [6] - The report suggests that the long-term outlook for copper and aluminum remains positive, driven by global economic recovery and supply chain adjustments due to geopolitical factors [6] Energy and Strategic Metals - The report emphasizes the importance of lithium and other strategic metals, noting supply disruptions from Zimbabwe and the potential for price increases due to strong demand and geopolitical uncertainties. It highlights the strategic value of rare earths and tungsten, which are expected to see significant price appreciation [7] - Specific stock recommendations for lithium include Tianhua New Energy and Ganfeng Lithium, while for rare earths, companies like China Rare Earth and Northern Rare Earth are highlighted as potential beneficiaries [7]