Core Viewpoint - The company is currently producing aluminum profiles related to battery trays for electric vehicles and plans to expand its product offerings based on market demand [1] Group 1 - The company is actively involved in the production of aluminum profiles specifically for battery trays used in electric vehicles [1] - Future plans include exploring related markets and diversifying product types in response to market needs [1]

Investment Rating - The report maintains an "Overweight" rating for the non-ferrous metals sector [1]. Core Views - The non-ferrous metals sector saw a weekly increase of 1.07% from November 10 to November 14, outperforming the overall market index [14]. - Precious metals, particularly gold, are expected to maintain a bullish outlook in the medium term despite short-term fluctuations due to changing interest rate expectations [4][49]. Summary by Sections Market Review - The Shanghai Composite Index fell by 0.18%, while the non-ferrous metals sector ranked 16th among 31 sectors, outperforming the index by 1.25 percentage points [14]. - Precious metals increased by 2.77%, energy metals by 2.47%, and industrial metals by 1.56%, while small metals and new materials declined by 1.42% and 3.22%, respectively [14]. Industrial Metals - **Copper**: Prices rose with LME copper at $10,846 per ton (up 1.41%) and SHFE copper at ¥86,900 per ton (up 1.12%). Supply remains weak, with Codelco's September production down 7.2% year-on-year [2][31]. - **Aluminum**: LME aluminum reached $2,859 per ton (up 1.41%), driven by increased demand from the electric vehicle sector, where sales exceeded 50% of total new car sales in October [3][35]. - **Zinc**: Prices fell with LME zinc at $3,015 per ton (down 1.70%) and SHFE zinc at ¥22,470 per ton (down 1.30%). Zinc inventories increased, indicating a bearish trend [41]. - **Tin**: LME tin rose to $36,860 per ton (up 2.90%) due to reduced exports from Indonesia, which halved in October [45]. Precious Metals - **Gold**: COMEX gold closed at $4,084.40 per ounce (up 1.91%), while SHFE gold was at ¥953.20 per gram (up 3.47%). The resumption of U.S. government operations alleviated liquidity concerns, boosting prices [4][49]. - The Federal Reserve's hawkish comments and the lack of supporting economic data have led to a decrease in December rate cut expectations from 95% to around 50%, causing some price corrections in precious metals [50]. Inventory Changes - Copper inventories decreased, with LME at 135,700 tons (down 0.13%) and SHFE at 109,400 tons (down 4.89%) [29][34]. - Aluminum inventories increased slightly, with LME at 552,400 tons (up 0.57%) and SHFE at 114,900 tons (up 1.38%) [35].

证券日报网讯 11月16日晚间，闽发铝业发布公告称，公司股票2025年11月12日、11月13日和11月14日 连续3个交易日内收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动。经核查，公司前期披露 信息无需更正或补充；公司、控股股东及持股5%以上股东不存在应披露而未披露的重大事项；公司生 产经营正常，内外经营环境未发生重大变化。公司股东黄天火及其一致行动人在股票交易异常波动期间 卖出公司股票。 （文章来源：证券日报） ...

证券代码：002578 证券简称：闽发铝业 公告编号：2025-046 福建省闽发铝业股份有限公司 关于股价异动的公告 2、经查询，公司、控股股东、持股5%以上股东及其一致行动人不存在关于 本公司的应披露而未披露的重大事项，也不存在处于筹划阶段的其他重大事项； 3、近期公共媒体未报道可能或已经对本公司股票交易价格产生较大影响的 未公开重大信息； 4、公司生产经营情况正常，内外经营环境未发生重大变化； 5、公司控股股东在公司股票交易异常波动期间未买卖本公司股票。 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、股票交易异常波动情况 福建省闽发铝业股份有限公司（以下简称 "公司" ）股票（证券简称：闽 发铝业，证券代码：002578）2025年11月12日、11月13日和11月14日连续3个交 易日内收盘价格涨幅偏离值累计超过了20％，根据深圳证券交易所的有关规定， 属于股票交易异常波动的情况。 二、公司关注、核实情况说明 针对公司股票异常波动，公司对有关事项进行了核查，有关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处； 特此公告。 福建省闽 ...

据天眼查APP显示，福建省闽发铝业股份有限公司成立于1997年09月15日，注册资本93863.0183万人民 币。（数据宝） （文章来源：证券时报网） 数据宝统计，截至10:50，闽发铝业成交额11.69亿元，创上市以来新高。最新股价上涨4.93%，换手率 26.29%。上一交易日该股全天成交额为9.69亿元。 ...

据天眼查APP显示，福建省闽发铝业股份有限公司成立于1997年09月15日，注册资本93863.0183万人民 币。（数据宝） （文章来源：证券时报网） 数据宝统计，截至10:15，闽发铝业成交额10.26亿元，创2024年1月4日以来新高。最新股价上涨 7.60%，换手率23.07%。上一交易日该股全天成交额为9.69亿元。 ...

Core Viewpoint - Minfa Aluminum Industry has experienced a significant stock price surge, achieving three consecutive daily limit-ups, with a total increase of 33.00% during this period [2] Recent Stock Performance - As of 10:00 AM, the stock price reached 5.36 yuan, with a turnover rate of 18.38% and a trading volume of 1.58 billion shares, amounting to a transaction value of 8.12 billion yuan [2] - The stock's limit-up order amount was 2.58 billion yuan, indicating strong investor interest [2] - The total market capitalization of the company in the A-share market is now 50.31 billion yuan, with a circulating market value of 46.16 billion yuan [2] Financial Performance - The company reported a revenue of 1.283 billion yuan for the first three quarters, reflecting a year-on-year decline of 20.37% [2] - The net profit for the same period was -8.1134 million yuan, representing a year-on-year decrease of 128.51% [2] - The basic earnings per share stood at -0.0086 yuan [2] Trading Data Summary - Recent trading data shows fluctuations in daily price changes and turnover rates, with notable net inflows and outflows of capital [2] - For instance, on November 12, the stock saw a daily increase of 9.93% with a net capital inflow of 31.87 million yuan, while on November 11, it experienced a decrease of 3.82% with a net outflow of 30.19 million yuan [2]

Core Viewpoint - The Fujian sector remains active, with multiple stocks experiencing significant gains, indicating a bullish trend in the region's market [1] Group 1: Stock Performance - Sanmu Group has achieved six consecutive trading limit-ups, showcasing strong investor interest and momentum [1] - Longzhou Co., Pingtan Development, and Jiuwu Wang have also reached their daily price limits, reflecting robust performance in the market [1] - Other notable gainers include Haixia Innovation, Shengyuan Environmental Protection, Minfa Aluminum, and Rishang Group, which have shown substantial price increases [1]

Core Insights - Minfa Aluminum has achieved five consecutive trading limit increases within nine days, indicating strong market interest and momentum [1] - The stock reached a trading limit today at 9:58 AM with a transaction volume of 802 million yuan and a turnover rate of 18.16% [1] - The recent performance of the industrial metals sector has been active, with aluminum-related stocks gaining attention due to multiple factors including involvement in new energy vehicle materials and local stock concepts in Fujian [1] Market Performance - The stock has shown significant trading activity recently, with a high turnover rate and a total order amount reaching 279 million yuan, reflecting strong capital participation [1] - The linkage effect between the industrial metals sector and Fujian local stocks has provided additional support for the stock's performance [1]

Market Overview - The stock market experienced a significant rally with major indices opening lower but closing higher, with the Shanghai Composite Index reaching a ten-year high and the ChiNext Index rising over 2% [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.04 trillion yuan, an increase of 96.9 billion yuan compared to the previous trading day [1] - A total of 104 stocks hit the daily limit up, with sectors such as energy metals, batteries, and non-ferrous metals leading the gains [1] Company Highlights - Aofei China (合富中国) announced that its stock price has significantly deviated from its fundamentals, with a cumulative increase of 230.84% over the past 13 trading days, leading to potential risks for investors [2] - The stock price of Aofei China closed at 22.10 yuan per share on November 13, 2025, indicating a historical high [2] - ST Dongyi (*ST东易) reported a stock price increase of 241.59% since September 26, 2025, and will undergo a trading suspension for verification due to multiple abnormal fluctuations [4] - Minfa Aluminum (闽发铝业) disclosed that its second-largest shareholder, Huang Tianhuo, reduced his holdings by 9.38 million shares between October 14 and November 13, 2025, representing 0.9995% of the total share capital [4] New Stock Offerings - A new stock, Hai'an Group, is available for subscription on November 14, 2025, with an issue price of 48.0 yuan and a total issuance of 46.49 million shares [6] External Market Impact - The US stock market saw significant declines, with the Nasdaq Composite dropping 2.29%, and major tech stocks like Tesla and Intel falling over 6% and 5% respectively [8]